TORONTO, ON / ACCESSWIRE / January 24, 2024 / Orthogonal Global Group Inc. ("Orthogonal" or the " Company ") (CSE:OGG)(OTC Pink:OGGIF)(FSE:KZ2), a global accelerator and public investment platform focused on furthering initiatives in the wellness, healthcare, AI, digital ownership, deep tech and fintech spaces is pleased to announce its expansion into Dubai to identify investment opportunities and to provide accelerator and advisory services to companies and entrepreneurs in the web 3.0, AI and tech sectors.
Orthogonal plans to expand its operations to Dubai, recognizing the city as a strategic gateway to global markets and the epicenter of the tokenization market - a market which Citi estimated to grow to $42 trillion by 2030 1 . This decision aligns with the Company's vision of becoming a preeminent accelerator of companies leading the tokenization of real world assets and to give access to these otherwise private companies and projects in a public vehicle which provides liquidity and transparency. The intent to establish a presence in Dubai underscores Orthogonal's commitment to fostering international collaborations, enhancing its global reach, and actively accelerating the top companies engaged in ground-breaking industries.
Maintaining its focus on developing a Utopian Asset Class (" UAC ") portfolio - a portfolio which provides investor returns and which collectively bends the arc of humanity towards a utopian society through accelerating and investing in the top companies and projects in emerging industries - Orthogonal emphasizes the significance of responsible and impactful investments. Q1 2024 will continue to reflect the Company's commitment to empowering individuals and contributing positively to society through its investment portfolio.
"We're starting this quarter by focusing on expanding our business," said David Nikzad, CEO and Co-Founder of Orthogonal. "Dubai is the epicenter of innovation and tokenization right now, and our goal is to cultivate our recent connections to enhance our foundation where technology is best being embraced."
Orthogonal has also launched its comprehensive acceleration and advisory services business to support companies operating in web 3.0, AI, longevity and tech. With a deep understanding of these industries, Orthogonal is positioned to offer expertise in business strategy, go-to-market strategy development, partnership formation, and marketing solutions. This strategic move reaffirms Orthogonal's commitment to helping businesses thrive in the ever-evolving digital landscape. By leveraging the knowledge and experience of its management team and advisory board, Orthogonal will help organizations navigate the complexities of these transformative sectors. The Company looks forward to collaborating with visionary businesses in these sectors to drive innovation and growth.
"As an early investor and advisor of Y Combinator companies, and an early investor in over 80 companies in the web 3.0 and tokenization sphere, I have served as a sounding board, connector and strategist to help entrepreneurs launch and monetize their businesses," stated David Nikzad. "We have assembled a first-class team at Orthogonal to take our extensive experience and learnings to empower and guide fellow innovators on their journey to success."
Visit Orthogonal's newly branded website at: www.orthoglobalgroup.com.
Sources
- https://www.citifirst.com.hk/home/upload/citi_research/rsch_pdf_30143792.pdf
About Orthogonal Global Group
Orthogonal Global Group Inc. is a global accelerator and public investment platform focused on accelerating and investing in the top companies and projects in ground-breaking industries. Orthogonal provides access to these groundbreaking companies and private projects in a public investment vehicle with liquidity and transparency. We believe it is in the Orthogonal intersection of wellness, healthcare, AI, tokenization, deep tech and fintech spaces that will move humanity towards a more utopian society.
For further information please contact:
Orthogonal Global Group Inc.
David Nikzad
CEO and Co-Founder
Telephone: 1-866-395-6989
Email: investors@ortho.gg
Website: www.orthoglobalgroup.com
Cautionary Note Regarding Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of the Company. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the news release, such forward-looking statements include, but are not limited to, statements regarding the Company's performance, business objectives, milestones and the potential outcomes from its expansion into Dubai to identify investment opportunities and to provide advisory services to companies and entrepreneurs in the web3, AI and tech sectors.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation: the Company's ability to comply with all applicable regulations and laws, including environmental, health and safety laws; the Company has sufficient working capital for future operating activities; the ability of the Company to achieve its business objectives and milestones and the anticipated timing of execution; the Company's ability to continue as a going concern; the Company's ability to achieve profitability in the 2024 fiscal year; the Company's ability to obtain additional financing for continued operations on terms acceptable to the Company outlined herein.
The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward-looking statements due to a number of factors and risks. These include: changes in general economic, business and political conditions, including changes in the financial markets; consents or authorizations required; changes in laws, regulations and policies affecting the Company's operations; currency fluctuations; environmental issues and liabilities; the inability of the Company to obtain additional financing for continued operations on terms acceptable to the Company; the lack of control over the Company's investees; risks relating to investing in the SVS; volatility in the market price of the Company's SVS; dilution of shareholders' holdings; negative operating cash flow; the negative effects of interest rate and exchange rate changes; the potential impact of health crises and market instability due to the COVID-19 pandemic; risks relating to the Company's reliance on key employees; limitations in the liquidity of the SVS; litigation risks; risks with the integration of new businesses and acquisitions; risks related to the Company's status as an "emerging growth company" under the U.S. securities laws; the Company's inability to expand into new business areas and geographic markets; management of growth; the risk of defaulting on existing debt; the Company's inability to continue as a going concern; and the Company's inability to achieve profitability in 2024.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties, and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated, or intended. The Company does not intend and does not assume any obligation to update this forward-looking information except as otherwise required by applicable law.
SOURCE: Orthogonal Global Group.
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