NEW YORK, April 26, 2019 /CNW/ -- DelphX Capital
Markets Inc. (TSXV: DELX)
("DelphX") announced today the election of Patricia Ziegler, the Company's President and
CEO, as a director and member of the DelphX Board of
Directors, pending approval by the TSX Venture Exchange. The
Company also announced the resignation of Stephen Bacso from his position as a director
and officer. Mr. Bacso will, however, continue to serve DelphX as a
consultant.
About DelphX:
DelphX is a technology and financial services company focused on
optimizing credit markets. Its Cloud-based technology, actuarial
science and reinsurance protocols enable fixed income dealers to
offer new Rule 144A securities that optimally transfer and diffuse
credit risk. The new DelphX platform will be regulated by the
SEC and enable dealers to competitively structure, sell and make
markets in:
- Covered Put Options (CPOs) that provide secured default
protection for underlying corporate, municipal and sovereign
securities, with each CPO strike-price equaling the par value of
its underlying security
- Covered Reference Notes (CRNs) that enable credit investors to
take on the default exposure of a single underlying security or
optionally participate in a pool of diversified risks that broadly
diffuses the impact of credit events.
All CPOs and CRNs will be collateralized by investment grade
assets held in custody by an independent custodian.
For more information about DelphX, please visit
www.delphx.com.
Forward-Looking Statements
This news release contains
certain "forward-looking statements" including, without limitation,
statements regarding the launch of the DelphX platform. Such
forward-looking statements involve risks and uncertainties, both
known and unknown. The results or events depicted in these
forward-looking statements may differ materially from actual
results or events. In addition to other factors and assumptions
which may be identified herein, assumptions have been made
regarding and are implicit in, among other things: the state of the
capital markets, tax issues associated with doing business
internationally, the ability of DelphX to successfully manage the
risks inherent in pursuing business opportunities in the financial
services industry, and the ability of DelphX to obtain qualified
staff, equipment and services in a timely and cost-efficient manner
to develop its business. Any forward-looking statement reflects
information available to DelphX as of the date of this news release
and, except as may be required by applicable securities laws,
DelphX disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE DelphX Capital Markets Inc.
