GRAND JUNCTION, Colo.,
July 5, 2021 /CNW/ -- ProStar
Holdings Inc. ("ProStar®" or the "Company") (TSXV:
MAPS) (FSE 5D00), a world leader in Precision Mapping Solutions®,
pleased to announce that it has retained Hybrid Financial Ltd.
("Hybrid") to provide marketing services to the Company.
Hybrid has been engaged to heighten market and brand awareness for
ProStar and to broaden the Company's reach within the investment
community.
Hybrid has agreed to comply with all applicable securities laws
and the policies of the TSX Venture Exchange (the "TSXV") in
providing the Services.
Hybrid has been engaged by the Company for an initial period of
six months starting July 14, 2021
(the "Initial Term") and then shall be renewed
automatically for successive monthly periods thereafter, unless
terminated by the Company in accordance with the Agreement. Hybrid
will be paid a monthly fee of $15,000, plus applicable taxes, during the
Initial Term.
"Since our listing in January of this year, the Company has
added both public and private sector sales resources. The Hybrid
engagement adds valuable marketing and communications capabilities
to our investment community strategy," said Page Tucker
CEO of ProStar. "With our recent announcement of our listing on
the DTC, the engagement with Hybrid will also provide us with
tremendous exposure to US investors."
About Hybrid Financial Ltd.:
Hybrid is a sales and distribution company that actively
connects issuers to the investment community across North America. Using a data driven approach,
Hybrid provides its clients with comprehensive coverage of both
American and Canadian markets. Hybrid Financial has offices in
Toronto and Montreal.
About ProStar: (TSXV: MAPS) (FSE: 5D00)
ProStar is a world leader in Precision Mapping Solutions.
ProStar's flagship product, PointMan®, is natively cloud and mobile
and is offered as a Software as a Solution (SaaS). ProStar's
solutions seamlessly connect the field and office and provide the
ability to precisely capture, record, display, and manage critical
infrastructure data in real time including roads, railways,
pipelines, and utilities. ProStar's solution is being adopted by
some of the largest entities in North
America, including Fortune 500 construction firms, the
largest subsurface utilities engineering (SUE) firms, utility
owners, and government agencies.
ProStar has strategic business partnerships are with the world's
leading geospatial technology providers, data collection equipment
manufacturers and their dealer networks, including Trimble®
Juniper® Systems, Bad Elf, Vivax-Metrotech, Radiodetection®, and
Subsite® Electronics.
The Company has made a significant investment in creating a vast
intellectual property portfolio that includes 19 issued patents in
the United States and Canada, with more pending. The patents protect
the methods and systems required to digitally capture, record,
organize, manage, distribute, and display the precise location of
critical infrastructure, including buried utilities and
pipelines.
ProStar's Executive management team has extensive experience in
the management of both early stage and Fortune 500 technology
companies in the private and public sectors. The leadership team
includes Vasa Dasan, former CTO of Sun Microsystems, Carl Lashua, previous Chief Information Officer
of HSBC Canada and Europe, and
Matthew Breman, prior Executive for
Disney.
For more information about ProStar, please visit:
www.prostarcorp.com.
Contact:
Alex Moore
Investor Relations
970-822-4792
Investorrelations@prostarcorp.com
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Cautionary Statements Regarding Forward-Looking
Information
This press release contains forward-looking
information within the meaning of Canadian securities laws. Such
information includes, without limitation, information regarding the
terms and conditions of the Company's future plans. Although the
Company believes that such information is reasonable, it can give
no assurance that such expectations will prove to be correct.
Forward-looking information is typically identified by words
such as: "believe", "expect", "anticipate", "intend", "estimate",
"postulate", and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that
any forward-looking information provided by the Company is not a
guarantee of future results or performance, and that actual results
may differ materially from those in forward-looking information as
a result of various factors, including, but not limited to: the
state of the financial markets for the Company's securities; the
state of the technology sector; recent market volatility; the
COVID-19 pandemic; the Company's ability to raise the necessary
capital or to be fully able to implement its business strategies;
and other risks and factors that the Company is unaware of at this
time. The reader is referred to the Company's recent Information
Circular filed on SEDAR on November 20,
2020 for a more complete discussion of applicable risk
factors and their potential effects, copies of which may be
accessed through the Company's issuer page on SEDAR
at www.sedar.com.
The forward-looking statements contained in this press release
are made as of the date of this press release. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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SOURCE ProStar Corp
