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Peak $PKK.ca $PKKFF to Host Webinar to Discuss Q3 2020 Results $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 10:31 AM on Monday, November 23rd, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Following the release of its Third (3rd) Quarter Financial Results on Thursday, November 26 at market close, the Company’s CEO Johnson Joseph and CFO Jean Landreville will host a webinar to discuss the highlights of the quarter followed by a Q&A period.
  • Those interested can click the following link to register to attend the webinar on Thursday, November 26 at 4:30 PM EST: https://bit.ly/395OGxl

Montreal, Quebec–(November 23, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that, following the release of its Third (3rd) Quarter Financial Results on Thursday, November 26 at market close, the Company’s CEO Johnson Joseph and CFO Jean Landreville will host a webinar to discuss the highlights of the quarter followed by a Q&A period.

Those interested can click the following link to register to attend the webinar on Thursday, November 26 at 4:30 PM EST: https://bit.ly/395OGxl

While there will be an opportunity to ask questions at the end of the presentation, Peak encourages its shareholders to send questions in advance to CHF Capital Markets at [email protected]. Should the Company not answer your question during the webinar, CHF will follow-up with a response after the event is over.

Peak management is looking forward to seeing you at the webinar.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakpositioning.com.

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Positioning
YouTube: Peak Positioning

Forward-Looking Statements / Information:

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

Peak $PKK.ca $PKKFF Expands New Financing Program, Adds 2nd Distributor with Over 250K Retail Clients $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 7:43 AM on Thursday, November 19th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that it has signed an agreement with packaged foods wholesale distributor Beijing Jingying Corporate Management Ltd. to bring Peak’s Cubeler Lending Hub financing solution to BJM and its more than 250,000 retail clients
  • Peak launched a financing program powered by Lending Hub in October specifically designed to provide better cash flow flexibility to large wholesale distributors and their retail clients
  • The program, which recorded its first transactions a week ago, allows for retailers to have up to 90% of the price of the products they purchase from participating distributors financed by the Lending Hub’s banks and lending institution

Montreal, Quebec–(November 19, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has signed an agreement with packaged foods wholesale distributor Beijing Jingying Corporate Management Ltd. (“BJM”) to bring Peak’s Cubeler Lending Hub financing solution to BJM and its more than 250,000 retail clients.

Peak launched a financing program powered by Lending Hub in October specifically designed to provide better cash flow flexibility to large wholesale distributors and their retail clients. The program, which recorded its first transactions a week ago, allows for retailers to have up to 90% of the price of the products they purchase from participating distributors financed by the Lending Hub’s banks and lending institutions.

BJM is the second wholesale distributor to subscribe to the program joining consumer electronics product distributor Beijing Dianjing Company Ltd., which helped launch the program with its 60,000 plus online retail clients. BJM is a major distributor of a variety of popular products from China Oil and Foodstuffs Corporation (COFCO), for which it has exclusive distribution rights to approximately 200,000 Petro-China convenience stores and on online retail giant JD.com. COFCO is a state-owner food processing company. It’s China’s largest food processor, manufacturer and commodities trader. With operations in Japan, the US, the UK, Australia and Canada, it’s one of the largest agribusiness groups in all of Asia.

Most recently BJM became an authorized distributor of RELX brand e-cigarettes, one of China’s most popular and fastest growing brands of e-cigarettes, sold at over 3,000 retail outlets throughout the country.

“We are very pleased to be joining this wonderful financing program created by Peak,” commented Mr. Yang Zhang, CEO of BJM. “We have no doubt that this will be extremely beneficial to most of our clients and we very much look forward to getting them signed up as quickly as possible,” he went on to say.

“I would like to take this opportunity to welcome Mr. Zhang and BJM to our new Lending Hub financing program and look forward to working with him and his team,” said Peak Group China CEO, Mr. Liang Qiu. “BJM’s arrival to the program brings us a great mixture of online and offline stores and allows us to further showcase Lending Hub’s versatility when it comes to its ability to help businesses up and down the supply chain whether they operate predominantly online or offline. We’ve noticed somewhat of a blurring of the online and offline retail space lately including JD.com announcing plans for a network of 5 million brick-and-mortar stores in the next 3 years. I think with Lending Hub’s ability to process and analyze data coming from its member businesses both online and offline, Peak is ideally positioned to play an increasingly important role in this blurring or evolution of the retail space,” concluded Mr. Qiu.

Wall Street Reporter’s NEXT SUPER STOCK Livestream – November 19, 2020

Peak will be a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK livestream conference on Thursday November 19, 2020 at 12:30pm EST. CEO Johnson Joseph will discuss the addition of BJM to Peak’s new financing program, the potential annual revenue it could bring and answer investor audience questions. Those interested can click the following link to register and join the livestream: Next Super Stock Livestream Registration

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakpositioning.com.

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Positioning
YouTube: Peak Positioning

Forward-Looking Statements / Information:

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

VIDEO – Peak Fintech $PKK.ca $PKKFF CEO Johnson Joseph and ThreeD Capital $IDK.ca CEO Sheldon Inwentash, Discuss First Transaction Into 60,000 Store Marketplace – “You Ain’t Seen Nothing Yet” $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 8:22 PM on Sunday, November 15th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter

How do you connect over 100M small businesses in China who need access to different kinds of credit …. with over 10K banks and lending institutions that have different lending criteria?

Well, if you try to do it the old fashioned way, you just can’t.  SMB’s (small and medium businesses) and Lenders are pretty much forced to deal within local markets which drastically reduces alternatives and business …. and both sides are left with a daunting, slow and inefficient manual workload. 

ENTER PEAK FINTECH

The Peak Fintech Lending Hub uses Artificial Intelligence and analytics to fully automate the process by which lenders and borrowers connect quickly and match perfectly across several market verticals.

When Joseph and Inwentash say this AI-Powered platform is revolutionizing the Chinese SMB commercial lending ecosystem, they’re not just paying lip service … Peak Fintech is delivering results

  • Reported revenue growth of 293% to $11.2 million for the first half of 2020
  • Targeting $40 million in revenues and $4 million in EBITDA for the 2020 year.
  • Platform now has lending products from 54 different banks and lending institutions
  • Signed Agreement To Bring Lending Hub To 60,000 Online Electronics Stores
  • Stores would use Lending HUB to finance purchase of electronics inventory
  • 100% market capture would translate into $1.35B in annual revenues 

Inwentash discusses what attracted him to PKK, what his interest is in the Company and what he sees for the Company’s future.

Joseph also discusses new government regulations in China since the Ant IPO was suspended and whether they would impact PKK, as well as, the Company’s growth outlook for 2021.  

Watch this great interview!

Peak $PKK.ca $PKKFF Records First Transactions Related to Program Bringing Financing to 60K Online Stores $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 7:39 AM on Thursday, November 12th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that its Cubeler Lending Hub commercial lending platform has facilitated the first transactions related to a program created by the Company and consumer electronics wholesale distributor Beijing Dianjing Company Ltd. (“BDC”) to bring financing solutions to BDC’s 60,000 online retail clients
  • Newly-created purchase order financing program allows BDC’s clients, who collectively sell about CAD$50B worth of consumer electronics per year, to have up to 90% of the price of the products they purchase financed by any bank or lending institution represented on the Lending Hub.
  • Purchase orders for iPhones totalling a combined 48M RMB (about CAD$9.5M) coming from four JD.com (www.jd.com) affiliated stores were the first orders approved for funding through the program

\Montreal, Quebec–(November 12, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that its Cubeler Lending Hub commercial lending platform has facilitated the first transactions related to a program created by the Company and consumer electronics wholesale distributor Beijing Dianjing Company Ltd. (“BDC”) to bring financing solutions to BDC’s 60,000 online retail clients.

The newly-created purchase order financing program allows BDC’s clients, who collectively sell about CAD$50B worth of consumer electronics per year, to have up to 90% of the price of the products they purchase financed by any bank or lending institution represented on the Lending Hub.

Purchase orders for iPhones totalling a combined 48M RMB (about CAD$9.5M) coming from four JD.com (www.jd.com) affiliated stores were the first orders approved for funding through the program. The platform collected a fee equivalent to 2% of the annualized interest rate charged by the lender to finance the orders. The financing program was expected to start in early December, but pressing demand from the stores led Peak and BDC to take special measures to allow for these first transactions to be processed while the program is still undergoing minor adjustments.

“Our market research showed that there would be strong demand from online retailers for Lending Hub’s services, but we weren’t expecting to have to start the program almost a full month ahead of schedule,” commented Peak Group China CEO, Mr. Liang Qiu. “Retailers continuously buy and sell inventory and thus have an ongoing need for credit, a need that wasn’t properly addressed until today. We created a program that uses AI and analytics to help retailers buy more products from wholesalers, and are working with some of the country’s largest wholesale distributors to expand it nationwide. I think we have a unique opportunity here to positively impact a large segment of China’s CAD$6.5 trillion annual retail market. This is yet another way in which we believe we can accelerate the proliferation of the Lending Hub to every part of the country.”

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://peakfintechgroup.com/.

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Positioning
YouTube: Peak Positioning

Forward-Looking Statements / Information:

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

Peak $PKK.ca $PKKFF Shareholders Vote to Officially Change Name to Peak Fintech Group $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 12:13 PM on Monday, November 9th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • At a special meeting of its shareholders held earlier today, the Company’s shareholders voted in favor of officially changing the Company’s name from Peak Positioning Technologies Inc. to Peak Fintech Group Inc.
  • The name change will take effect in the coming days and the Company’s ticker symbol will remain the same on all exchanges.

Montreal, Quebec–(November 9, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, announced that at a special meeting of its shareholders held earlier today, the Company’s shareholders voted in favor of officially changing the Company’s name from Peak Positioning Technologies Inc. to Peak Fintech Group Inc. The name change will take effect in the coming days and the Company’s ticker symbol will remain the same on all exchanges.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakpositioning.com.

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: 
@peakfintech
Facebook: 
@peakfintech
LinkedIn: Peak Positioning
YouTube: 
Peak Positioning

Forward-Looking Statements / Information:

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

Peak $PKK.ca $PKKFF Hires Former People’s Bank of China Senior Manager as Special Advisor $ALY.ca $DELX.ca $MOS.ca $MOGO.ca CTZ.ca $TRAD.ca

Posted by AGORACOM-JC at 8:01 AM on Friday, November 6th, 2020
Peak Fintech Group (@PEAK_Fintech) | Twitter
  • Announced that it has hired former People’s Bank of China senior manager, Mr. Wenjun Wu, as a special advisor to assist the Company in various business development capacities and in preparing the Company’s Cubeler Lending Hub platform for China’s upcoming digital currency.
  • Mr. Wu is currently the CEO of Chengfangyun Digital Technology Ltd. (CDT), a Fintech company located in Suzhou that he created to provide products and services designed to help companies, banks and financial institutions conduct transactions in digital yuan.

Montreal, Quebec–(November 6, 2020) – Peak Positioning Technologies Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has hired former People’s Bank of China senior manager, Mr. Wenjun Wu, as a special advisor to assist the Company in various business development capacities and in preparing the Company’s Cubeler Lending Hub platform for China’s upcoming digital currency.

Mr. Wu is currently the CEO of Chengfangyun Digital Technology Ltd. (CDT), a Fintech company located in Suzhou that he created to provide products and services designed to help companies, banks and financial institutions conduct transactions in digital yuan. Prior to founding CDT, Mr. Wu was a senior manager at the People’s Bank of China (PBOC), China’s Central Bank, where he worked in the Credit Information Centre and Cross-border RMB Settlement departments while also leading the R&D department of the Central Bank’s Nanjing branch. CDT is currently working closely with the PBOC to promote the use and adoption of the digital yuan in Suzhou.

“We’re very pleased and excited to have Mr. Wu join our team to help us get Lending Hub ready for the digital RMB,” commented Peak Group China CEO, Mr. Liang Qiu. “The digital RMB has been in the works for a few years now as the Central Bank has been pushing the whole country toward a cashless society. It is therefore very important for a company like Peak, considering the services we provide, to be at the forefront of this evolution. Having an opportunity to work with Mr. Wu and to benefit from his expertise and direct connection to the PBOC is priceless”.

About Peak Positioning Technologies Inc.:

Peak Positioning Technologies Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakpositioning.com.

For more information, please contact:

CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
[email protected]

Peak Positioning Technologies Inc.
Johnson Joseph, President and CEO
514-340-7775 ext.: 501
[email protected]

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Positioning
YouTube: Peak Positioning


Forward-Looking Statements / Information:

This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

$KABN.ca – Liquid Avatar Integrates with Disrupted Logic Interactive to Reach 60 Million+ Gamers

Posted by AGORACOM-JC at 8:46 AM on Tuesday, June 16th, 2020
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> Entered an initial agreement to integrate its Liquid Avatar platform (www.liquidavatar.com) with Disrupted Logic Interactive’s (“DLI”) ctalyst® platform to enhance the experience of online and eSports gamers.

> DLI’s ctalyst® platform currently works with over 130 game producers and has an additional 150 developers awaiting invitation to join the network

> ctalyst® is a one-stop, self-contained, and full-service platform similar in concept to Google’s AdWords, AdSense, and Analytics, but designed just for video games and e-sports

> With the 130 game producers, the peak reach has been 60 to 70 million players and manages over 150 unique data points and analytics on opt-in participants.

Toronto, Ontario and Vancouver, British Columbia–(June 16, 2020) –  KABN Systems NA Holdings Corp. (CSE:KABN) (formerly Torino Power Solutions Inc.) (the “Company” or “KABN” or “KABN North America“), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization, is pleased to announce that it has entered an initial agreement to integrate its Liquid Avatar platform (www.liquidavatar.com) with Disrupted Logic Interactive’s (“DLI”) ctalyst® platform to enhance the experience of online and eSports gamers.

Founded in 2012 in Vancouver, BC, by a team of seasoned video, gaming, advertising and technology leaders, DLI’s ctalyst® platform currently works with over 130 game producers and has an additional 150 developers awaiting invitation to join the network. ctalyst® is a one-stop, self-contained, and full-service platform similar in concept to Google’s AdWords, AdSense, and Analytics, but designed just for video games and e-sports. With the 130 game producers, the peak reach has been 60 to 70 million players and manages over 150 unique data points and analytics on opt-in participants. It is anticipated that when the additional 150 game developers are invited into the program, the reach could extend to over 500 million gamers worldwide.

KABN North America’s platform provides, at no cost to consumers, the ability to create a digital identity with the Liquid Avatar platform, verify their identity through KABN ID and create value for the use of their identity through KABN North America’s cashback, engagement and loyalty program KABN KASH, as well as the KABN Visa card.

KABN North America generates revenue by providing users with high value services and delivering permission-based offers that fit their aggregated public data profiles. KABN never rents, sells or provides data to outside parties without permission, and complies with jurisdictional privacy rules and regulations.

KABN North America is working with DLI and its game developers to promote Liquid Avatar to US and Canadian gamers through the online game registration and certain game incentives.

“The ability to increase player reach outside of the game and the ability to empower users to control the use of their digital identity is a fundamental reason why we’ve partnered with Liquid Avatar,” said Tom Raycove, CEO of DLI. “KABN’s ecosystem presents a tremendous opportunity for DLI and our game developers to create revenue while building increased value for players.”

Liquid Avatar – Delivering Reach, Value and Revenue

Game Developers – Liquid Avatar provides developers with the ability to extend their reach and revenue generation with players by having gamers activate Liquid Avatars. Any revenues generated by those gamers in the KABN Network will be shared by KABN, DLI and game developers.

Advertisers – For in-game advertisers, DLI manages over 150 unique data points and, together with Liquid Avatar, can assess if a gamer has more than 1 account, allowing unique advertising to be delivered not just based on individual game play of an individual person and not just the number of accounts, increasing both value for the advertiser and potentially increasing overall revenue in the ecosystem.

Gamers – By signing up in-game for a Liquid Avatar account, the user will have the ability to earn special rewards and value from the game developer. They will also have the ability to potentially create and manage in-game avatars with Liquid Avatar and extend their game personas to the real world. Working with DLI, the data points collected can support both the opportunities in Liquid Avatar and products like KABN KASH to create more personalized offers from merchants and increase the potential revenue generated by KABN North America.

DLI / catalyst® – The agreement with KABN North America provides opportunities for DLI to increase their ongoing reach with gamers, create value for the ecosystems and generate revenues beyond in-game advertising. Liquid Avatar and KABN will share revenues generated inside the KABN ecosystem for users generated from DLI’s referrals.

KABN North America – By working with DLI and other organizations that have large networks of non-verified users, Liquid Avatar can potentially create significant revenue and value for its partners and the KABN Network. This process both increases reach for Liquid Avatar and can potentially reduce customer acquisition costs significantly.

KABN North America Product Suite

KABN North America has 4 primary products that enable users to verify, manage and monetize their digital identity:

  • KABN ID: a reusable, Always On, compliant, biometrically based, identity verification and validation platform that forms the engine of the KABN Network.
  • LIQUID AVATAR: a digital image-based “wallet and keyring” platform that allows users to manage their digital identity.
  • KABN Card: an approved prepaid Visa card that includes a mobile banking wallet that supports both digital and traditional currencies.
  • KABN KASH: a robust loyalty and engagement platform with cashback and card-linked programs.

“This agreement with DLI creates an opportunity to reach a significantly large, low acquisition cost and highly scalable market to increase the reach of Liquid Avatar,” said Benjamin Kessler, CEO. “KABN’s suite of services will provide an ecosystem to empower these users to manage and control their digital identity and to benefit from unique, permission-based offers that will create revenues for KABN, DLI and game developers.”

DLI is currently exploring its own private funding program and KABN North America has expressed interest in participating as a lead order, subject to completion of a definitive agreement, review of the offering, and receipt of all necessary approvals.

Over the coming weeks, KABN will begin its rollout of products and programs, initially on an invitation-only basis to its customers, social media, gaming and its network partners.

About DLI – www.disruptedlogic.com

Founded in 2012 in Vancouver, BC, by a team of industry professionals from gaming, advertising, technology and the motion picture industry, Disrupted Logic Interactive currently has 7 employees. Disrupted Logic has developed the ctalyst® technology which is live and in market.

ctalyst® is a one-stop, self-contained, and full-service platform similar in concept to Google’s AdWords, AdSense, and Analytics, but designed just for video games and e-sports. ctalyst® ads are a natural, native, and genuine playable and enjoyable part of the video gaming experience. The ctalyst® engine manages over 150 user datapoints and analytics on an opt-in basis.

The platform has 130 participating game producers and an additional 150 developers awaiting invitations with an audience peak reach of approximately 60 to 70 million people. Disrupted Logic expects that when the additional 150 game developers are invited into the program, the platform’s reach to the gaming industry could extend to over 500 million users worldwide.

For more information, please visit: www.disruptedlogic.com

About KABN – www.kabnnaholdco.com

KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of digital identity, empowering users to control and benefit from its use of their online identity. KABN propriety technology suite includes 4 key products:

KABN ID is an Always On, biometric and blockchain based digital identity validation and verification platform allowing users to continuously and confidently prove themselves throughout the online community.

Liquid Avatar allows users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allows users to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com

KABN Card is a Visa approved prepaid card program allowing users to manage both digital and fiat currencies and earn cashback and other loyalty incentives.

KABN KASH is a cashback, loyalty and engagement program that powers the KABN revenue ecosystem.

KABN provides its products and services at no cost to consumers and generates revenues through permission-based partner programs.

KABN Systems NA Holdings Corp. is publicly traded on the Canadian Securities Exchange under the symbol: KABN

For more information, please visit www.kabnnaholdco.com or www.kabnsystemsna.com

For further information, please contact:

Ben Kessler
Chief Executive Officer
647-725-7742 Ext. 700

[email protected]

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities under the KABN Financing in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

$KABN.ca Systems NA – The Company that’s Protecting Identity as YOUR Basic Human Right

Posted by AGORACOM-JC at 10:01 AM on Thursday, June 11th, 2020
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While investing in small cap companies comes with certain inherent risks, it’s not high stakes, low chance gambling. In fact, practically every billion-dollar large cap company started off as a penny stock.

For the savvy retail investor or day trader, they know full well that emerging financial technology-based companies have, for the past two decades-plus, offered the highest returns with relatively low risk mitigation…even despite the dot com bubble crash of the early 2000’s.

Today, a lot of smart money is funneling into forward-thinking companies that are fulfilling an immediate need to provide real world solutions to identity fraud and creating value through data validation.

Now, an innovative, Toronto-based company is making real things happen to protect consumers, companies, and capital.

KABN (pronounced ‘Cabin’) Systems NA (CSE:KABN, Forum) is already on the forefront of developing cutting-edge blockchain-supported and biometric customized identity solutions software. Bear in mind, this fintech company is not in conflict or cooperation with companies trying to use your data. They are the protectors of your data. Here’s how they do it.

Their world-class suite of products and services work seamlessly across all channels and, most importantly, all demographic groups. Simply put, KABN’s software apps and digital banking processes can work for everyone.

KABN works differently than other companies in this space. How? They offer a unique, comprehensive, and integrated suite of identity, financial, and loyalty services.

Here’s the starting lineup. Liquid Avatar – powered by KABN ID – provides an ‘Always On’, biometrically-based, privacy-compliant, identity validation and verification platform which enables users to continuously and confidently prove themselves to the online community, exchanges, and other services. KABN ID is the backbone to its financial, loyalty, and engagement solutions including the KABN Prepaid Card program and KABN KASH – an innovative cash-back program where users are connected to online merchants for savings when they shop.



(Click image to enlarge. *Estimates are for the North American market ONLY.)


Why Digital Identity Matters

Identity is what makes people unique, but since the inception of the internet, digital identity has often been an afterthought. With today’s acceleration of online commerce, education, healthcare, government, and other services tailored to the individual, digital identity and the data that surrounds it is online “gold”. KABN says they believe that ownership of identity is a “basic human right and individuals should be the primary beneficiary of any use of their identity.” This is what sets KABN apart.

In the conventional world, it’s easy to prove who you are either by visual or traditional identity verification. It’s a process that most people are accustomed to following.

In today’s digital world, it’s not that easy to prove “you are you”. Identity verification is managed on a site-by-site basis and users are often required to deliver sensitive documents to unknown third parties, potentially reducing the value of their identity and increasingly exposing themselves to the risk of identity fraud.“KABN believes that ownership of identity is a basic human right and individuals should be the primary beneficiary of any use of their identity.”Digital Identity “Friction”

In the digital data world, it’s all about the pennies, nickels, dimes, and quarters and the
ability to passively and actively generate revenues through everyday consumer activities. The Company says that, at present, the digital identity space has not satisfactorily addressed both the consumer and commercial stakeholder needs. Both are vital to consider, and these include:

Consumer Identity Needs…

  • to make ID verification reusable
  • to put me in control of my private data
  • to help me manage my public data
  • to reduce identity fraud

Commercial Identity Needs…

  • to reduce friction of screening consumer users
  • to simplify user verification
  • to streamline compliance resources
  • to manage user Personally Identifiable Information (PII) efficiently

KABN’s Suite of Solutions: KABN ID, Liquid Avatar, the KABN Prepaid Visa card, and KABN KASH.

KABN ID

KABN ID is a proprietary, blockchain, and biometrically-based digital identity verification platform for both commercial clients and consumers users. KABN ID is a complete shift in thinking for identity validation as KABN ID provides a reusable, bank-grade identity verification for the individual user, at no cost to the consumer.

KABN ID is a global 24/7/365 verified online ID that is controlled by the client. The online identity service that is regulatory compliant, blockchain and biometrically-based, and is available at no cost to the consumer.

Users own and control the use of their verified identification, no personally identifiable information is ever transferred without authorization, and it provides organizations with an “Always On” KYC / AML (Know Your Customer / Anti Money Laundering) validation and verification process.

Liquid Avatar

Data is indeed the new “gold”. As users are presented value offerings and other services based on their public data profiles and system generated data, KABN, in turn, offers information services that are delivered directly to the user. User data is never sold or rented and remains part of the KABN Network.

A Liquid Avatar is a multi-layered, visual technology icon or token that contains information that can be linked, authenticated, and shared. When you share a Liquid Avatar, you automatically attach public data that will allow permission-based private data to be authenticated.

Liquid Avatars include a Visual or Presentation Layer – Public Data Layer, Private Data Layer, and a Security and Authentication Layer.

KABN Prepaid Visa Card

As part of KABN’s commitment to providing its Customers with innovative, permission-based values, KABN is introducing its first financial services program, the KABN Prepaid Visa card and Mobile Banking Wallet program that supports both digital and traditional currencies.

KABN Prepaid Visa cardholders will be able to spend in-store, online, and access ATMs globally, wherever Visa is accepted.

KABN Card Features include:

  • a digital currency-linked prepaid Visa card
  • a multiple currency banking wallet
  • KABN KASH cashback program and other innovative services

and, global access – anywhere that Visa is accepted worldwide.

KABN KASH

KABN KASH is a robust engagement portal which includes a cash-back program. Here users are able shop at some of North America’s top online merchants and receive cash back on their KABN Card. Customers will also receive updates on special offers and unique deals exclusive to KABN KASH.

KABN KASH Features include:

  • an exclusive customer portal
  • cashback rewards
  • special offers
  • exclusive opportunities & experiences
  • and instant savings alert messaging.

In the News: “KABN Systems to take over Torino Power Solutions”

Kabn Systems North America – a fintech company leveraging biometric ID verification – has signed an agreement with Torino Power Solutions to execute a reverse takeover (RT) as it prepares to launch a digital banking and financial services platform.

The platform will consist of continuous ID validation and verification processes. These include:

  • Liquid Avatar – powered by KABN ID – which is based on biometrics and blockchain
  • the KABN Prepaid Visa Card, which acts as a payment card and digital wallet for multi-currency transactions with digital or fiat currencies
  • and KABN KASH, a loyalty and customer engagement platform.

The technology is just not cool…it’s comprehensive.

From the Executive Team

In a lively and informative interview with Stockhouse Editorial, KABN’s Chief Executive Officer, Ben Kessler talked about a variety of timely Company happenings, including not only the experience but the innovative ideas they’re bringing to the digital identity management space. Ben Kessler commented:

“Our focus is on our three core strengths – Reach, a Unique Business Approach and Team. With our senior management team, I think the great thing we all bring is some extremely strong skillsets and experiences and we all see things, in some ways, slightly different. And that’s a good thing.”

Kessler also highlighted the three unique attributes that he believes will make KABN successful:

“First, our reach. It covers 100 percent of the addressable online market which is approximately 300 million people in North America, so we don’t have to go looking to provide a service to people who may not want it. Identity is becoming more important. Second, we have a unique business approach. We want to empower consumers to manage and control their identity and find ways to create value and opportunity from that identity. Our business is to empower constituents and commercial clients, as well. The third thing is, we’ve just got a simply outstanding team. We’ve all been doing this for a lot of years and in my career, I’ve never had a better crew of people that I’ve ever worked with. We’ve got a great team and advisors that are all uniquely focussed on succeeding.”

In Closing

There aren’t a lot of companies like KABN that offer a unique ground-floor investment opportunity in one of the most vital sectors of the New Economy – digital identity protection. The team says they’re excited and completely engaged in doing what’s best for investors, and it shows. Afterall, isn’t that what it’s all about? Bringing ‘value and opportunity’ to one of the most blue-sky digital global markets available today.

Source: https://stockhouse.com/news/newswire/2020/06/11/the-company-that-s-protecting-identity-as-your-basic-human-right

KABN North America $KABN.ca Begins Trading on the Canadian Securities Exchange

Posted by AGORACOM-JC at 8:48 AM on Wednesday, June 10th, 2020
KABN-blog
  • KABN North America is a Canadian FinTech company that specializes in continuous online identity verification, management and monetization and is currently in development to launch a digital banking and financial services platform
  • KABN North America generates revenue by providing users, at no cost, with high value services and delivering permission-based offers that fit their aggregated public data profiles

Toronto, Ontario–(June 10, 2020) – KABN Systems NA Holdings Corp. (formerly Torino Power Solutions Inc.) (CSE: KABN) (the “Company” or “KABN” or “KABN North America“) is pleased to announce that it has commenced trading on the Canadian Securities Exchange under the symbol KABN as of today.

KABN North America is a Canadian FinTech company that specializes in continuous online identity verification, management and monetization and is currently in development to launch a digital banking and financial services platform. With the evolving macroenvironment and the increasing amount of time spent online, the Company believes that digital identity will become more important as users look to work, play, educate, game and shop virtually and will need to protect, manage and control the use of their digital identity.

KABN believes that ownership of identity is a basic human right and individuals should be the primary beneficiary of any use of their identity. The KABN North America platform provides, at no cost to consumers, the ability to create a digital identity with our Liquid Avatar platform (www.liquidavatar.com), verify their identity through KABN ID and create value for the use of their identity through KABN North America’s cashback, engagement and loyalty program, KABN KASH, as well as the KABN Visa card.

KABN North America generates revenue by providing our users, at no cost, with high value services and delivering permission-based offers that fit their aggregated public data profiles. KABN never rents, sells or provides data to outside parties without permission, and complies with jurisdictional privacy rules and regulations.

KABN North America Value Proposition

The Company is focused on 3 principle tenets that it believes will drive potential value:

The Addressable Market – Digital Identity is relevant to 100% of the online market.

The Unique Business Model – KABN’s solutions are built to empower users, generate revenue and create stakeholder value.

The Team – KABN’s management team, advisors and board of directors are seasoned executives from the technology, banking, payments and loyalty industry and have the acumen to help drive the Company to success.

KABN North America Product Suite

KABN North America has 4 primary products that enable users to verify, manage and monetize their digital identity:

  • KABN ID: a reusable, Always On, compliant, biometrically-based, identity verification and validation platform that forms the engine of the KABN Network.
  • LIQUID AVATAR: a digital image-based “wallet and keyring” platform that allows users to manage their digital identity.
  • KABN Card: an approved prepaid Visa card that includes a mobile banking wallet that supports both digital and traditional currencies.
  • KABN KASH: a robust loyalty and engagement platform with cashback and card-linked programs.

“We are excited to be trading on the CSE and we look forward to creating value for all of our stakeholders,” said Benjamin Kessler, CEO. “KABN North America is uniquely positioned to provide all our ecosystem partners with value given our low cost of user acquisition and our highly scalable infrastructure.”

Over the coming weeks, KABN will begin its rollout of products and programs, initially on an invitational basis only to its customers, social media, gaming and its network partners.

About KABN – www.kabnnaholdco.com

KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of digital identity, empowering users to control and benefit from its use of their online identity. KABN propriety technology suite includes 4 key products:

KABN ID is an Always On, biometric and blockchain based digital identity validation and verification platform allowing users to continuously and confidently prove themselves throughout the online community.

Liquid Avatar allows users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allows users to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com

KABN Card is a Visa approved prepaid card program allowing users to manage both digital and fiat currencies and earn cashback and other loyalty incentives.

KABN KASH is a cashback, loyalty and engagement program that powers the KABN revenue ecosystem.

KABN provides its products and services at no cost to consumers and generates revenues through permission-based partner programs.

KABN Systems NA Holding Corp. is publicly traded on the Canadian Securities Exchange under the symbol: KABN

For more information, please visit www.kabnnaholdco.com or www.kabnsystemsna.com

For further information, please contact:

Benjamin Kessler
Chief Executive Officer
647-725-7742 Ext. 700

[email protected]

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities under the KABN Financing in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

#KABN North America Completes Reverse Takeover of Torino Power Systems

Posted by AGORACOM-JC at 5:51 PM on Thursday, June 4th, 2020
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  • Announced that its reverse take-over by KABN Systems North America Inc. has been completed.
  • RTO was approved by shareholders of the Company on March 31, 2020 and is a “fundamental change” for the Company within the meaning of applicable policies of the Canadian Securities Exchange

Toronto, Ontario–(June 4, 2020) – KABN Systems NA Holdings Corp. (formerly Torino Power Solutions Inc.) (CSE: TPS) (the “Company” or “Torino Power“) is pleased to announce that its reverse take-over (the “RTO“) by KABN Systems North America Inc. (“KABN North America“) has been completed. The RTO was approved by shareholders of the Company on March 31, 2020 and is a “fundamental change” for the Company within the meaning of applicable policies of the Canadian Securities Exchange.

In connection with the RTO, effective June 3, 2020 the Company changed its name to KABN Systems NA Holdings Corp. and consolidated its shares on a 10 for 1 basis (the “Consolidation“).

The RTO was structured as an amalgamation of KABN North America and a wholly-owned subsidiary of the Company whereby the shareholders of KABN North America received post-Consolidation common shares of the Company in exchange for their common shares of KABN North America (“KABN Shares“). In accordance with the terms of the RTO, the Company issued a total of 59,777,942 post-Consolidation common shares to the shareholders of KABN North America in exchange for all of the outstanding KABN Shares based on a share exchange ratio of one post-Consolidation common share of the Company for each KABN Share. As part of the RTO, the Company assumed the obligation to issue common shares on the exercise of 13,799,968 warrants of KABN North America, 4,350,000 KABN North America options, and under certain other agreements and instruments. Further details can be found in the Company’s listing statement that will be available on SEDAR.

The Company also announces that on June 1, 2020, KABN North America completed its second tranche of its private placement financing of units of KABN North America (the “Units“) in connection with the RTO for additional gross proceeds of approximately $1,231,600. Each Unit was priced at $0.15 CDN and consisted of (a) one common share in the share capital of KABN North America and (b) one-half (1/2) KABN North America common share purchase warrant, with each whole warrant having an exercise price of $0.20 for a period of 18 months from the date of issue. Aggregate gross proceeds of $2.2 million were raised by KABN North America in connection with the RTO.

Exchanges of Shares

Registered shareholders of the Company will receive a letter of transmittal from the Company’s transfer agent, Odyssey Trust Company, describing the process by which shareholders may obtain new certificates or DRS Advices representing their post-Consolidation common shares. Shares held in uncertificated form by shareholders through brokerage accounts will be converted through each shareholder’s brokerage account, and shareholders are not required to take any action to surrender for exchange common shares held in this way. Until surrendered, each certificate or DRS Advice representing common shares prior to the Consolidation will be deemed for all purposes to represent the number of whole common shares to which the holder thereof is entitled as a result of the Consolidation.

Notwithstanding the letter of transmittal for KABN North America shareholders referred to in the management information circular of the Company dated February 24, 2020, the Company has determined to distribute the post-Consolidation common shares to be issued in the RTO by way of a direct “push-out” from the Company’s transfer agent.

Outstanding Shares

Following the closing of the RTO, the Company has, assuming no rounding as a result of the Consolidation, a total of 65,750,240 common shares issued and outstanding, and has reserved for issuance 19,579,367 common shares issuable pursuant to warrants, incentive stock options and other agreements and instruments. Further details can be found in the Company’s listing statement that will be available on SEDAR.

An aggregate of 27,425,000 common shares and 662,500 warrants held by Principals of the Company are, to the extent required under National Policy 46-201, subject to escrow and such shares will be released from escrow as follows: ten percent (10%) of the escrowed shares will be released from escrow on the date of listing and an additional fifteen percent (15%) will be released every 6 months thereafter.

The Resulting Issuer

The Company is now operating through KABN North America, a Canadian FinTech company that specializes in continuous online Identity Verification, Identity Management and Monetization and is currently in development to launch a digital banking and financial services platform. It is developing a financial services platform in North America (the “KABN NA Platform“) that consists of:

  • KABN ID: a reusable, Always On, compliant, biometrically-based, identity verification and validation platform that forms the engine of the KABN Network.
  • LIQUID AVATAR: a digital image-based “wallet and keyring” platform that allows users to manage their digital identity.
  • KABN’s Visa Card: an approved prepaid Visa card that includes a Mobile Banking Wallet that supports both digital and traditional currencies.
  • KABN KASH: a robust loyalty and engagement platform with cashback and card-linked programs.

KABN North America is the exclusive licensee in Canada and the United States of America of the intellectual property (the “Licensed IP“) that is comprised in the KABN ID, KABN Card and KABN KASH programs. KABN North America’s key shareholders are KABN (Gibraltar) Limited and Crypto KABN Holdings Inc. of Vancouver, British Columbia, Canada, which are the licensors of the Licensed IP.

Liquid Avatar is a KABN (Gibraltar) Limited program and the terms of its use will be included as a new product under the current exclusive license with KABN North America.

Management and Board of the Resulting Issuer

As a result of the completion of the RTO the persons below are now directors and executive officers of the Resulting Issuer:

Benjamin Kessler – Director, Chief Executive Officer

Mr. Kessler has over 20 years of account management, business development, marketing and partnership experience in the financial services sector. Mr. Kessler is currently Chief Executive Officer and a director of KABN North America, as well as Chief Executive Officer of KABN (Gibraltar) Limited. Most recently, Mr. Kessler served as Managing Director, Payments Solution Group – Banc of California from January 2016 to 2017. Prior to that, Mr. Kessler served as Vice President, Global Account Management at Earthport North America TLC from 2013 to 2015. Mr. Kessler has also served as Vice President, Emerging Verticals at Mastercard Worldwide from 2006 to 2011. Mr. Kessler has a Bachelor of Arts degree from Brandeis University and a Master of Business Administration from the New York University Stern School of Management.

David Lucatch – Director, President

Mr. Lucatch has more than 30 years inventing technology and business solutions in the international marketing arena and over 20 years of that developing and taking to market internet and mobile based platforms. Mr. Lucatch has held senior management posts and directorships at both private and public media and technology firms and is currently President and a director of KABN North America. Mr. Lucatch has a Bachelor of Arts degree with a double major in commerce and economics from the University of Toronto.

Bryan Loree – Chief Financial Officer

Mr. Loree is currently the Chief Financial Officer of the Company. Mr. Loree holds a Certified Management Accountant designation, a Financial Management Diploma from the British Columbia Institute of Technology, and a BA from Simon Fraser University. Mr. Loree has held various senior accounting roles for public and private companies in various industries including, renewable energy, exploration, and construction.

Michael Konikoff – Chief Revenue Officer

Mr. Konikoff has over 25 years of marketing, loyalty and partnerships experience. Prior to his position with KABN as Chief Revenue Officer, Mr. Konikoff held such positions as Head of Marketing for the Toronto Parking Authority, Vice President of Strategic Partnerships at Engage People and Senior Vice President at Fairlane Group.

Lynn Cumiskey – Chief Compliance Officer

Ms. Cumiskey is Chief Compliance Officer for both KABN Systems NA Holdings Corp. and KABN (Gibraltar) Limited. Ms. Cumiskey has an extensive background working in the technology arena with securities and corporate counsel, auditors, regulators and investment brokers and dealers, having previously held positions in both public and private firms (Canada / US / Europe) over a 20+ year career, most recently as a Vice President of Corporate Operations for an Artificial Intelligence based language translation company.

Houssam (Sam) Kawtharani – Director

Mr. Kawtharani is a director of KABN North America and the co-founder of Corl Financial Technologies Inc., a fintech that offers data-driven growth capital to startups. Prior to co-founding Corl Financial Technologies Inc. Mr. Kawtharani was the Head of Product at IOU Financial Inc., a publicly-listed online lender (TSX:IOU), where he supported the company in originating over $500 million in loans across the United States of America and Canada through continuous product development and innovation Mr. Kawtharani is also the founder and director of Sam Kay Consultancy Inc. o/a FinBlox Labs, a fintech and blockchain advisory services firm for startups, enterprises and financial institutions. Mr. Kawtharani is also currently an advisor at KABN, AuBit International, EzyStayz Holiday Rentals Pty Ltd., OmniPsarx PBC and Trusted Inc. Holdings Limited. Mr. Kawtharani has a Bachelor of Science in computer science and business administration from the American University of Beirut and a Masters in Engineering from Concordia University.

J. Patrick Mesina – Director

Mr. Mesina is currently a director of the Company, KABN North America and Cortland Credit Group Inc., as well as a director and audit committee member of TSX Venture Exchange-listed Brockton Ventures Inc. Mr. Mesina presently works as a director with a Canadian based institutional investment firm, Cortland Credit Group Inc. Mr. Mesina had served as Vice President with a Toronto based institutional investment firm AIP Private Capital Inc. from March 2012 to September 2017. Since September 2017 he has been a consultant for several companies, including Vive Crop Protection Inc. and Northern Lights Partners Inc. Mr. Mesina has an Honours Bachelor of Arts degree in economics and political science from the University of Toronto.

Ravinder Mlait – Director

Mr. Mlait has served as director of the Company since February 2015 and Chief Executive Officer of the Company since December 2015. From December 2013 to present, Mr. Mlait has served as Chief Executive Officer of Cannabix Technologies Inc., an early stage technology company listed on the CSE. Mr. Mlait has served as director and officer of Brockton Ventures Inc., a capital pool company listed on the TSX Venture Exchange since February 22, 2018. From June 2010 to present, Mr. Mlait has served as Chief Executive Officer and President of Rockland Minerals Corp., a mineral exploration company listed on the TSX Venture Exchange. Mr. Mlait obtained a Bachelor of Arts degree (Economics) from Simon Fraser University in 1999 and obtained his Masters of Business Administration from Royal Roads University in Victoria, British Columbia in 2010.

Re-Commencement of Trading

Trading in the Company’s shares was halted until all the requirements of the CSE have been met and the resumption of trading is approved by the CSE. The Company has delivered materials to the CSE. The Company expects that its common shares will resume trading on a post-Consolidation basis on the CSE under the symbol “KABN” on or before June 10, 2020.

For further information, please contact:

Benjamin Kessler
Chief Executive Officer
647-725-7742 Ext. 700

[email protected]

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities under the KABN Financing in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but are not limited to, information concerning the ability of the combined company to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

Not for distribution to United States newswire services or for release publication, distribution or dissemination, directly or indirectly, in whole or in part, in or into the United States.