TORONTO, Oct. 8, 2019 /CNW/ -- SAIS Limited ("SAIS"
or the "Company") (TSXv: SAIS), today announced that it has
engaged Integral Wealth Securities Limited ("Integral") to
provide market-making services for the Company in compliance with
the applicable policies of the TSX Venture Exchange
("TSXv").
Integral will trade the securities of SAIS on the TSXv for the
purpose of maintaining an orderly market and to provide liquidity
of the Company's common shares.
Under the conditions of the agreement, Integral will be paid
$8,500 per month for their services
for a minimum term of 12 months. During the initial 12 month
period, SAIS will have a one-time right to terminate after three
months, provided written notice of termination is received at least
7 days prior to the 90th day of the term. After the 12th month of
the term, this agreement may be terminated by the Company upon 30
days written notice.
There are no performance factors contained in the agreement and
Integral will not receive shares or options as compensation. SAIS
and Integral are unrelated entities, and Integral has no present
direct or indirect interest in the Company or its securities.
Full details of this agreement can be found on SEDAR at
www.sedar.com.
About SAIS Limited
Singapore-based SAIS is a
provider of advanced technology solutions, business intelligence
and supporting services. Across our units, we connect businesses
with their customers through end-to-end intelligent solutions. A
global leader in the development of Customer Experience Management
(CXM) platforms, we are focused on utilising AI to create
technology aimed at providing unique digital experiences, and
crafted to foster ground-breaking client-customer
relationships.
To learn more about SAIS Limited, visit our website:
sais-group.com
Cautionary Statement
Certain statements contained in this press release contain
"forward-looking information" ("forward-looking statements") within
the meaning of Canadian securities laws. All statements, other than
statements of historical fact, included herein, including, without
limitation, statements regarding, the completion of any potential
strategic transaction such as the sale of its luxury distribution
business, and the terms and result of any such transaction, are
forward-looking statements. Forward-looking statements are
typically identified by words such as: believes, expects,
anticipates, intends, estimate, postulate and similar expressions
or are those which, by their nature, refer to future events.
Forward-looking statements include, but are not limited to,
statements relating to the definitive terms and the outcome of the
proposed Transaction, the expected completion of the proposed
Transaction, the expected entry into a Definitive Agreement and the
expected approval of, among others, the shareholders of the Company
and the TSX Venture Exchange. These forward-looking statements
represent SAIS Limited's expectations or beliefs concerning future
events, and it is possible that the results described in this press
release will not be achieved. These forward-looking statements are
subject to risks, uncertainties and other factors, many of which
are outside of SAIS Limited's control, which could cause actual
results to differ materially from the results discussed in the
forward-looking statements When considering these forward-looking
statements, you should keep in mind the risk factors and other
cautionary statements in the Company's final prospectus, dated
July 26, 2018, filed with the
applicable Canadian securities regulatory authorities. Although the
Company believes that such statements are reasonable, there can be
no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. The Company cautions investors that
any forward-looking statements by the Company are not guarantees of
future performance, and that actual results may differ materially
from those in forward-looking statements. For this reason, readers
should not place undue reliance on forward looking statements.
Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, SAIS Limited does
not undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events 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.
SOURCE Sarment Holding Limited
