GRAND JUNCTION, Colo.,
July 8, 2021 /CNW/ -- ProStar
Holdings Inc. ("ProStar®" or the "Company") (TSXV:
MAPS) (FSE 5D00), a world leader in Precision Mapping Solutions®,
is pleased to announce that it has retained Integral Wealth
Securities Limited ("Integral") to provide market-making
services in accordance with the policies of the TSX Venture
Exchange (the "Exchange"). Integral will trade shares of the
Company on the Exchange for the purposes of maintaining orderly
market and improving the liquidity of the Company's shares.
In consideration of the services provided by Integral, the
Company will pay Integral a monthly cash fee of $6,000, plus any reasonable costs and expenses it
incurs in connection with the services provided. The Company has
retained Integral for no less than a 6-month term. Integral will
not receive shares or options as compensation pursuant to the
agreement. The Company and Integral are unrelated and unaffiliated
entities. However, Integral and its clients may have or may acquire
a direct interest in the securities of the Company.
About Integral Wealth Securities:
Established
in 2003, Integral is headquartered in Toronto with offices in Vancouver, Calgary, and Ottawa, and is a member of the Investment
Industry Regulatory Organization of Canada ("IIROC") and can access all Canadian
Stock Exchanges and Alternative Trading Systems. The capital and
securities required for any trade undertaken by Integral as
principal will be provided by Integral.
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.
SOURCE ProStar Corp
