/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES/
OTTAWA, ON, June 16, 2020 /CNW/ - Martello Technologies
Group Inc. ("Martello" or the "Company") (TSXV: MTLO)
is pleased to announce that it has retained PI Financial Corp.
("PI") to provide market making services in accordance with
TSX Venture Exchange ("TSXV") policies.
PI will trade the securities of Martello on the TSXV for the
purposes of maintaining an orderly market. In consideration
of the services provided by PI, the Company will pay PI a monthly
cash fee of $4,000, commencing
June 15, 2020. The services
will have a minimum term of 12 months. After the 3rd month of the
term, this agreement may be terminated by Martello on 30 days
written notice. After the initial 12 month term, this agreement may
be terminated by the Corporation on 7 days written notice.
Martello and PI are unrelated and unaffiliated entities, but PI
and/or its clients may have an interest, directly or indirectly, in
the securities of Martello. PI will not receive shares or options
as compensation. The capital used for market making will be
provided by PI.
About Martello Technologies Group Inc.
Martello Technologies Group Inc. is a technology company that
provides digital experience monitoring (DEM) solutions. The Company
develops products and solutions that provide monitoring and
analytics on the performance of real-time applications on networks,
while giving IT teams and service providers control and visibility
of their entire IT infrastructure. Martello's products include
unified communications performance analytics software, and IT
analytics software. Martello is headquartered in Ottawa, Canada with offices in Montreal, Amsterdam, Paris, Dallas
and New York. Learn more at
http://www.martellotech.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 news
release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements".
Forward-looking statements can be identified by words such as:
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"expect," "future," "may," "should," "will" and similar references
to future periods.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following:
- Changes in customer demand.
- Disruptions to our technology network including computer
systems and software, as well as natural events such as severe
weather, fires, floods and earthquakes or man-made or other
disruptions of our operating systems, structures or equipment.
- Delayed purchase timelines and disruptions to customer budgets,
as well as Martello's ability to maintain business continuity as a
result of COVID-19.
Any forward-looking statement made by us in this news release is
based only on information currently available to us and speaks only
as of the date on which it is made. Except as required by
applicable securities laws, we undertake no obligation to publicly
update any forward-looking statement, whether written or oral, that
may be made from time to time, whether as a result of new
information, future developments or otherwise.
SOURCE Martello Technologies Group