Montreal, Quebec--(Newsfile Corp. - January 2, 2019) - APPx Group Holdings, Inc. (CSE: APPX) (FSE: APO) ("APPx" or the "Company") commences 2019 with several corporate updates.
Cimtel (Quebec) Inc. Acquisition
The acquisition of Cimtel (Quebec) Inc. ("Cimtel") is one step closer to completion, as preliminary due diligence has passed. Following the transaction, Cimtel will become a wholly-owned subsidiary of APPx, allowing APPx to offer top-tier network architecture and management solutions that comply with the highest industry and government security standards, specifically to their blockchain and Fintech medium-to-large and institutional-level clients.
APPx is pleased to announce that it will be opening an office in South Carolina to explore the potential of upcoming government contracts with the US Department of Defense in the United States, as well as enable further business developments in the US. More news on this will be released in the coming weeks.
Jay Ruckenstein, President of APPx, said, "These developments are part of the APPx mandate to continually expand our reach and influence in the industry while bringing value to our stakeholders. The move into the US is a natural one, as they are our closest neighbours and represent a large share of the market. From the start, we have worked closely with government agencies in Canada, to ensure complete compliance and due diligence at all levels. It is our intention to do the same with our clients in the US."
To further strengthen its team in this time of growth, APPx has appointed two new members to its Advisory Board. "We have a lot of exciting projects coming up this year and have already hit the ground running," said Rahim Mohamed, Co-founder and CEO at APPx. "Our new advisors have strong backgrounds complimentary to our vision and needs. Their advice, recommendations and support will help direct and propel us as we expand our business, solidifying our position as a top blockchain and Fintech development company."
APPx is thrilled to welcome its new advisors and introduce them to its stakeholders:
Mr. Platte is an American Arbitration Association (AAA) arbitrator and represents private clients in various civil matters, including international transactions and asset protection. His clients include local and international insurance companies and financial institutions, individuals, and private and public corporations. A key addition, Paul Platte's advisory role will involve ensuring all regulations concerning international financial transactions are closely followed.
Benjamin Laurendeau is a 2018 Google Premier Partner Award winner for his work in developing Dialekta's Marketing Platform for Franchises. He is a highly-regarded Senior Full Stack developer who brings an enormous amount of experience to the table. As an advisor to APPx, Mr. Laurendeau will be invaluable in the area of software development as it pertains to marketing and advertising, particularly in regards to CatchCoin, APPx's augmented-reality rewards platform, where participating businesses offer real cash rewards to consumers who visit their locations and make purchases, thus generating measurable foot traffic with a great return on investment (ROI).
Digital Marketing Expansion
APPx is also extremely pleased to announce that as the company moves through accelerated growth, it has expanded its marketing department in order to support APPx and all of its subs. Tom Langdale, who will join the APPx team as Digital Marketing Manager, has considerable experience in branding, digital marketing, and social media. He will use his vast knowledge to ensure the APPx Group brands grow in strength across domestic and international markets.
Finally, the Company is announcing that Jason Collins has resigned from his duties as APPx CTO and will devote himself full-time to Cimtel through its acquisition and beyond. Jason will be assisting in closing of the Cimtel Acquisition and will rejoin the team and lead Cimtel in IT growth and expansion. APPx thanks him for his valued contributions to the company and wishes him much success in the future.
About APPx Group Holdings, Inc.
APPx Group Holdings, Inc. is a Fintech incubator that offers technology-based business solutions. Our growing partnership network allows us to service a wide range of markets: advertising, blockchain, crypto, Fintech, and telecommunications products and services.
With our strong reach, we're consistently adding to, and enhancing, our portfolio. We strive to be industry leaders, creating innovations engineered from the ground up by our diverse culture of talent. APPx delivers sustained value by strategically solving our customers' immediate and long-term needs, helping them reach their goals on a global scale.
For further information contact:
APPx Group Holdings, Inc.
Rahim Mohamed, CEO
Jay Ruckenstein, President
Certain statements in this release are forward-looking statements/information. Statements about the Company's plans and intentions, other potential transactions, product development, events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, present and future business strategies, the ability to successfully develop software, anticipated costs, the environment in which the Company will operate in the future, and other factors, many of which are beyond the control of the Company. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.
Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation: that laws and regulations may become more onerous; the ability of the Company to obtain necessary financing; the economy generally; the future growth, results of operations, performance and business prospects and opportunities; changes in and the effect of government policies; demand for products and services; competition; anticipated and unanticipated costs; reliance on management; claims and legal proceedings; conflicts of interest; and market price and volatility of the common shares of the Company.
Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, changes in laws, negative sentiment towards the industry in which the Company operates, increase in operating costs, the loss of key directors, employees, advisors or consultants, technology failures, failure to develop new and innovative products, failure of counterparties to perform their contractual obligations and fees charged by service providers. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
The Canadian Securities Exchange has not reviewed, nor approved the contents of this news release.