Posted by AGORACOM-JC
at 8:41 AM on Wednesday, December 16th, 2020
Announced that it has received subscription confirmations for over $2 Million of units pursuant to the non-brokered financing announced on December 10, 2020, which is expected to close prior to the unrelated, best efforts brokered private placement of units which the Company previously announced on December 7, 2020.
To support the current demand, the Company has upsized the Non-Brokered Offering by an additional $1 Million.
This amount has already been fully committed, subject to the receipt of outstanding subscription documents and all necessary approvals.
TORONTO, ON / December 16, 2020 /KABN Systems NA Holdings Corp. (CSE:KABN) (the “Company” or “KABN North America” or “KABN NA“), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization in Canada and the U.S., is pleased to announce that it has received subscription confirmations for over $2 Million of units (“Units“) pursuant to the non-brokered financing (the “Non-Brokered Offering“) announced on December 10, 2020, which is expected to close prior to the unrelated, best efforts brokered private placement (the “Brokered Offering“) of units which the Company previously announced on December 7, 2020. To support the current demand, the Company has upsized the Non-Brokered Offering by an additional $1 Million. This amount has already been fully committed, subject to the receipt of outstanding subscription documents and all necessary approvals.
The gross proceeds of these unrelated offerings together will now be up to $4.15 Million. The Units in each of the Brokered Offering and Non-Brokered Offering are being offered at $0.15 per Unit, with each Unit comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share“) at an exercise price of $0.20 per Warrant Share for a period of 24 months from the applicable closing.
The Brokered Offering is expected to close on or about December 29, 2020, or on such earlier date as agreed upon between the Company and Agent, and the Non-Brokered Offering is expected to close on or about December 21, 2020, or on such earlier or later date as the Company determines, and each is subject to certain conditions, including receipt of subscription agreements and payment of the subscription amounts by subscribers. The Units to be issued will have a hold period of four months and one day from the applicable closing.
The securities described herein 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 accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
The Company also announces that Mr. Rav Mlait has resigned from the Board of Directors to further focus his efforts on his current commitments. The Company thanks Mr. Mlait for all his support with the public listing process earlier this year, and wishes him well in his current and future endeavors.
About KABN North America 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 the use of their online identity. KABN NA’s propriety technology suite includes 4 key products:
Liquid Avatar allows users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allow users to manage and control their Self Sovereign Identity and to use Liquid Avatars to share verifiable credentials, including access, identity and designation credentials, and public and permission based private data when they want and with whom they want.
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.
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 NA’s revenue ecosystem. KABN NA provides its products and services at no cost to consumers and generates revenues through permission-based partner programs.
Posted by AGORACOM-JC
at 7:38 AM on Tuesday, December 15th, 2020
Announced that fintech innovator, XTM Inc. (CSE:PAID) (“XTM”) has joined its Verifiable Identity Healthcare Credential consortium to support the issuance, management and verification of COVID-19 digital diagnostic testing and vaccination verification for the hospitality, personal care and other business sectors that it services.
XTM joins consortium partners, Trust over IP Foundation, Lumedic, Loop Insights (TSXV:MTRX), The Campus Agency and TripXpertz.
TORONTO, ON / December 15, 2020 /KABN Systems NA Holdings Corp. (CSE:KABN) (the “Company” or “KABN North America”), a Canadian fintech company that specializes in continuous online identity verification, management and monetization in Canada and the US, through its biometrically and identity verified Self Sovereign Identity platform, Liquid Avatar (www.liquidavatar.com), today announces that fintech innovator, XTM Inc. (CSE:PAID) (“XTM”) has joined its Verifiable Identity Healthcare Credential consortium to support the issuance, management and verification of COVID-19 digital diagnostic testing and vaccination verification for the hospitality, personal care and other business sectors that it services. XTM joins consortium partners, Trust over IP Foundation, Lumedic, Loop Insights (TSXV:MTRX), The Campus Agency and TripXpertz.
XTM enables North American industry leaders in the hospitality, personal care and sports and entertainment sectors to power cashless payments to employees, including 7 of the 10 largest restaurant chains; 5 of the largest pizza delivery chains including Dominos and Boston Pizza; the largest personal care salon chain; and the largest Canadian sports and entertainment group.
“We’re excited to join KABN, Liquid Avatar and the other consortium partners to bring our expertise in reaching and supporting large organizations and their employees in the hospitality, personal care, food services and entertainment sector that have been adversely affected by the pandemic,” said Marilyn Schaffer, CEO of XTM. “Our goal is to help our industry partners, in any way possible, to support their current, limited activities, and to help create and support innovative solutions, like the Verifiable Identity Healthcare Credential initiative, so that restaurants, delivery services, salons and other personal care facilities and venues can safely and effectively expand operations to the public.”
The consortium has developed an integrated solution ecosystem that enables healthcare issuers, individuals and verifiers to have a digital COVID-19 verifiable identity healthcare credential that is secure, user managed and controlled to ensure privacy, transportability and ease of use. This solution supports the foundation for the acceptance of digital Healthcare Passports and allow qualified Health Professionals with the ability to issue a Verifiable Credential that enables venues and other facilities to verify both the issued credential and the known user in real-time to grant access and / or services.
The ecosystem is built on a Trust over IP (TOIP) open standards framework, and the World Wide Web Consortium’s (W3C) specifications for decentralized identifiers for credential management with the ability to issue, manage and verify interoperable COVID-19 vaccination and other verifiable credentials across a host of user managed and controlled digital wallets and applications.
Verifiable identity and access credentials can be used for multiple use cases such as Education, Workplaces, Tradeshows, Healthcare, Sporting Events, Concerts, Entertainment, Travel, Places of Worship, Senior Living, and other facilities, venues and locations and opens the door to further opportunities for commercial and consumer opportunities.
Powering and supporting the entire user experience, Liquid Avatar’s Self Sovereign Identity (SSI) platform, which includes user biometric validation and a bank-grade verified identity credential, is available to consumers at no cost. Liquid Avatar enables users to verify and manage their identity and access credentials in a cloud-based, biometrically secure application. Users have complete control over their digital assets (like wallets, passwords and more), identity, and data through easy-to-use avatars that can be shared, on a permission-basis with others.
The COVID-19 Verifiable Healthcare Credential combines healthcare data with the user’s biometrically verified identity credential. When a request is made by a Verifier, the User has a choice of which attributes are shared, creating a private verification transaction between themselves and a verifier. While much of the technology and services are already in place, the launch of the healthcare credential pilot is expected to take place in the first quarter of 2021 to coincide with the expected release of the COVID-19 widespread vaccination program. This solution will not only be able to verify identity credentials for the Covid-19 vaccines, diagnostic and antibody testing, but will also be able to support a wide range of immunizations and healthcare records.
“Liquid Avatar and the consortium partners are working together to create open-source solutions that can help empower users to return to public life and the things they once did freely, pre-COVID-19, with ease and continued safety,” said David Lucatch, CEO of KABN. “Together with this amazing group and a growing list of partners we will enable, through this and future verifiable identity and access credentials, people to interact with businesses, schools, entertainment venues, retailers, airlines, resorts, and others and do the things and go to the places that they did before the pandemic changed our lives.”
Healthcare issuers and individuals will be granted access to the system at no cost. Verifiers wishing to access the system will be charged a nominal subscription and micro-payment per verification, making it very cost efficient and effective to use the system for small and medium sized enterprises all the way up to major airlines, venues and facilities. The partners are committed to making the services affordable to all parties, so that everyone can get back to their everyday lives.
The KABN Network is working with leading industry partners to provide a safe and effective ecosystem that supports the issuance, ownership and verification of these verified identity and access credentials and is proud to be working with the following partners at the outset of this announcement covering a wide range of technologies, issuer, consumer, and verification engagement, with additional partners to be named as the program grows.
In addition to Liquid Avatar, our consortium partners Include:
As a member of the Trust over IP Foundation (www.trustoverip.org) steering committee, The KABN Network is committed to the organization’s open-standard framework and tech stacks. ToIP recently released its Covid-19 Credentials Initiative (“CCI”) Governance Framework for public review.
The KABN Network, as a founding partner, is working with the Lumedic Exchange (www.lumedic.io), an open-standards, decentralized framework for the healthcare industry giving patients greater control over their health data.
Powering professional sports, entertainment, collegiate and other venues and facilities with Automatic Contract Tracing, Loop Insights, Inc. (www.loopinsights.ai) (TSXV:MTRX) has developed a fully managed contactless check-in platform that securely transfers contact information and triggers real-time notifications at scale.
With reach to over 2,000 US College and University campuses and over 1.5 Million Gen Z students, alumni and families, The Campus Agency (www.thecampusagency.com) has been supporting innovative direct to student and online marketing programs for over 40 years.
Powering over 1,000 travel and government tourism boards, airlines, travel wholesalers and resorts in US, Canada, Mexico, the Caribbean and around the world, to more effectively reach their intended travel audiences with end to end travel marketing management, booking and analytics solutions TripXpertz (www.tripxpertz.com) is changing the way the travel industry reaches travelers and how travelers can receive better value from their travel experiences.
As a fintech innovator in the challenger banking space, XTM (CSE:PAID) is a global card issuer and payment specialist that supports business and workers to expedite cashless earnings payout and reduce or eliminate banking fees. XTM powers a wide range of industry sectors, including the hospitality and personal care industries.
For more information on the program and / or how to become a consortium partner or participant, please visit www.liquidavatar.com
If you would like to join our mailing list and receive updates on KABN Systems NA Holdings Corp., please click here
XTM, www.xtminc.com is a Toronto-based fintech innovator in the challenger banking space helping business and workers alike expedite earnings payout and reduce or eliminate banking fees. We are a global card issuer and payment specialist providing free technology to business to automate and expedite worker payouts that can eliminate cash. XTM integrates businesses to a payment ecosystem that is coupled with a free mobile app and Mastercard debit card with free banking features. XTM drives enterprise value and creates a positive user experience.
XTM Inc. is publicly listed on the Canadian Securities Exchange (CSE) under the symbol “PAID” (CSE:PAID).
For further information please visit xtminc.com or contact:
KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of Self Sovereign identity, empowering users to control and benefit from the use of their online identity. The KABN proprietary technology suite includes 4 key products:
Liquid Avatar is a verified Self Sovereign Identity platform that empowers users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allow users to manage and control their digital identity and Verifiable Access and Identity Credentials, and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com
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.
KABN Systems NA Holdings Corp. is publicly listed on the Canadian Securities Exchange (CSE) under the symbol “KABN” (CSE:KABN).
The Company also trades in the US under the symbol “TRWRF” and in Frankfurt under the symbol “4T51”
If you have not already joined our mailing list and would like to receive updates on KABN Systems NA Holdings Corp., please click here to join!
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.
Posted by AGORACOM-JC
at 3:31 PM on Monday, December 14th, 2020
The Mula Platform, engineered around the core MulaMail application, has been completely redesigned over the last five months.
Certain obligations, like the “Legal Intercept” were impossible to meet due to a bulletproof security design.
These obligations challenged some basic concepts at the core of the technology and forced the designers and engineering team to propose fundamental changes.
Management is pleased to report that these challenges have been met. The resulting solutions represent a generational shift in the way people should use blockchain as the basis for communications.
Montréal – December 14, 2020 – ZeU Technologies Inc. (CSE:ZEU) (OTC:ZEUCF) is pleased to provide an update on the advancements of the Mula Platform and suite of products, as well as an update on the previously announced Prego acquisition and integration and other initiatives.
Mula Platform & Eco-System
Fundamental Changes
The Mula Platform, engineered around the core MulaMail application, has been completely redesigned over the last five months. Certain obligations, like the “Legal Intercept” were impossible to meet due to a bulletproof security design. These obligations challenged some basic concepts at the core of the technology and forced the designers and engineering team to propose fundamental changes. Management is pleased to report that these challenges have been met. The resulting solutions represent a generational shift in the way people should use blockchain as the basis for communications. Furthermore, the efforts have resulted in a significant sum of intellectual property of which many parts are important enough to require the filing of new patents. The Company expects to provide further disclosure on that topic as soon as the provisional patents have been filed.
The New Mula Project
The redesigned and redefined Mula Project covers more domain than the previous iteration. It has also been further opened to third-party applications, community, and open-source efforts.
End-to-End Encryption
The core of the platform and the engine of its ecosystem remains the MulaMail module. Built as a digital wallet, MulaMail content is encrypted end-to-end. It does not allow the Company or Regulatory and Governmental parties to access any type of “back-door” or “master key”. The Company currently plans to use commonly compatible high encryption in its first commercial iteration. Some customized versions of the application will be able to deploy ZeU’s quantum-proof encryption at a later stage. The design team is studying the possibility to allow the users to choose their own encryption in some cases. Open-source contribution would help maintain and improve the application over time and can be done in parallel to the Company’s own improvement efforts. The content of MulaMail messages does not sit on a public blockchain but semi-centralized databases (70/30) being local hosts or permission-based “private” blockchain protocols. Without disclosing what will be the content of one or a few provisional applications, the Company’s management believes that the solutions developed sufficiently maintain a level of decentralization and distribution to adhere to its core principle while meeting the “Five-Eyes” countries “Legal Intercept” obligations.
Overview of the Platform
The Company believes that this version of the Mula Platform will be a powerful communication and DeFi tool. Its marketplace should grow and evolve in an organic and potentially viral manner.
To achieve this kind of growth, the platform’s new design now includes multiple APIs that will enable third-party development and connectivity. Owners of other e-services or applications, as well as community developers and influencers, will be able to leverage Mula to grow their own DeFi offerings. Mula will also provide more development freedom by allowing developers and power users to replace some components with their own, including Open Sources initiatives. The end-users will be able to swap these components to modify their experience. For example, the new design now integrates an open- source initiative backed by Google that will allow ZeU to reduce the development time required to code an Ethereum or ETH gateway within its “Builder” module. The builder module will contain the simplified programming language of the platform. It will allow third parties, from high-level engineers to simple users, to build their own smart contracts and small to sizeable DeFi applications within the Mula Platform. It will use MulaPay as the core utility stable token for all transactions with swap access to a large number of mainstream digital assets. There will be the possibility to connect to legacy financial services via the connectivity to ZeUPay, the suite of financial, payment, and custodial services allowed with the integration of Prego.
The Mula Platform should allow users to leverage their social, real-life, and business networks to improve and augment their offerings and revenues. For example, someone with a “network sales” home business selling cosmetics will be able to integrate their personal business page with Mula quickly, build a discount and/or a loyalty program with its own child-token derived from MulaPay, and develop all the smart-contracts required to automatically run the operation by using the Mula Smart-Contract Builder module’s wizard. That person will be able to add to their offerings by connecting other business offers existing in the Mula ecosystem and automatically generate additional revenue.
Below is the overview of the platform. Its current design includes the MulaMail application that gives access to all the other modules. MulaMail is the blockchain email application that is end-to-end encrypted, but that now allows employers to deploy their own set of accounts to have authenticated access. Enterprises will be able to deploy their own ZeU blockchain protocol nodes and leverage resources from outside of their private network. Offline usage of the email application has also been addressed and is now possible without compromising its security.
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Figure 1: Mula Platform Overview
Connectivity and Compatibility
An important aspect of the new MulaMail design is its inability to be run as an add-on or a plugin within another vendor’s platform. Recipients of MulaMail via third-party email software will still be able to access the contents of the message. However, they will receive a hyperlink to a temporary web interface allowing them to read the contents of the message. This approach could potentially limit the adoption of the application, but it will not compromise its security.
Mula Modules
Many of the planned Mula modules have survived the redesign and will continue to be developed as planned:
Basic modules:
– MulaMail is a private, spam-free, and encrypted end-to-end email system. – MulaMessage is a private, spam-free, and encrypted end-to-end messaging system. – MulaBrowser is focused on privacy, security, and data ownership while browsing the internet.
Business modules:
– MulaMeet is a quick and easy way to plan meetings with colleagues and friends. – MulaTask is a simple way to compile a see your daily tasks. – MulaMeeting is secure video conferencing.
Marketing modules:
– MulaMarketplace is a behaviour-based ethical marketplace where users redeem tokens. – MulaGraph is a psychometric profile based on the Mula digital wallet that understands consumers’ tastes and habits.
Other modules have been added, incorporated, or redesigned for flexibility and usability.
MulaPay
– MulaMicrofinance has been incorporated into MulaPay. – MulaNote has been incorporated into MulaPay.
MulaPay allows users to access a variety of financial services within the Mula Platform. Users have the possibility to run micro-businesses within their Mula account by billing and paying for services, augmenting their services or retail lines, or connect to legacy financial services through ZeUPay.
The DEX & DeFi options
MulaPay and ZeUPay will support third-party DeFi applications connectivity, which means that developers outside the ZeU ecosystem will be able to use Mula digital currencies swap function and leverage the ZeUPay gateway to custodians, financial institutions and banks.
MulaMail users not only acquire an enhanced digital wallet when they subscribe to the service, but they will also have the option to actively run peer-to-peer applications in different fields. One of the most significant will be the ability to lend digital assets to the distributed exchange platform and create sub-tokens allowing the listing of their own assets, consequently running for profit their own mini decentralized and distributed digital exchange.
Mula Contract Builder
Mula Contract Builders allows users to build smart contracts within the system without knowledge of programming, or blockchain or digital wallet technology. It also allows power users and knowledgeable developers to plug in more complex contract development code. The contract builder can be used for anything from invoices to marriage contracts. However, the Company expects that majority of the usage will come from is Mula business suite of products and its gaming initiatives.
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Figure 2: Simple Language Smart Contract Builder
The Company has chosen to offer these products on the Mula Platform to leverage the platform’s ease of use and switching between modules. The Company believes the ability to run the suite of products from one dashboard is cost-efficient and a value-add for time-pressed individuals and businesses.
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Figure 3: Easy Access between Modules
Adoption strategy
The Mula team is expecting to develop some basic smart contract components compatible with the largest digital currencies. This will allow a regular user to build digital offerings without the need to understand blockchain or digital wallet technology.
The simplest case study is one of a sports betting pool between friends or work colleagues. Let’s say that Peter is secretly a big fan of RB Leipzig (stay with us, don’t laugh), a German soccer club. Peter will be able to invite via his MulaMail contacts and his friends to participate in a private, closed, peer-to-peer betting pool on any number of customized betting offerings of his choosing in regard to German soccer. This could be anything from the players to be traded to finally improve that team to where the different teams will place at the end of the season — all without disclosing to his friends that he secretly despises FC Bayern. The smart contract will automatically compute results and pay-outs. He will also have the option to configure the pool in such a way that will show the other users what he is betting on or to configure it as a “black pool” (English Soccer fan, not the team…).
To fund his Mula account, Peter will be able to monetize marketing tokens he received from various marketers and swap these tokens for MulaPay tokens, or he will be able to buy MulaPay tokens from within his ZeUPay account. MulaMail users automatically obtain a ZeUPay account when signing for MulaMail. If he wins, he will be able to cash out his MulaPay tokens via the ZeUPay interface, use his ZeUPay debit card for payments, or withdraw the amount for fiat currency .
MulaMail Inbox Hybridization
The new semi-centralized approach to MulaMail inbox management fixes three important issues:
– Employers needing to monitor enterprise communications – Law enforcement and court-ordered “Lawful Intercept” – Offline operations
“ The MulaMail team plans to replace Simple Mail Transfer Protocol (SMTP) with the next generation Blockchain Mail Transfer Protocol (BMTP)”
The MulaMail team is edging toward a hybrid system to ensure full message encryption, end-to-end, at rest and in transit, so that even the Company itself would not be able to read messages stored on the network and on the different distributed storage. For performance and end-user cost optimization, all encrypted messages and attachments are stored in local hosts. The system itself will be deployed on a partially centralized database, and decentralized authentication will stand on a public ledger.
Search functionality within an email mailbox is important to end-users. However, indexing without content is difficult. Therefore, to bring in a viable search feature, the team had to resolve what would be indexable. By default, only the content of the message will be encrypted, allowing the subject to remain unencrypted. For those who want full meta encryption, the user can opt to encrypt the subject, therefore giving less flexibility on the search feature. In any case, the sender and recipient(s) will be stored with one-sided encryption at rest. All data will be end-to-end encrypted in transit. Here is a diagram to illustrate the different behaviors:
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Figure 4. MulaMail States
Monetizing Mula
The Mula platform is to be distributed on freemium/premium/enterprise versions. A small income is expected from the latter two versions in the form of subscription payments.
However, the blood of the overall ecosystem is the movement of the MulaPay utility tokens, for which ZeU will collect fractional and frictional fees. Certification and audits should bring additional income as well as certain activities within the platform, like gaming and trading of digital assets.
Other Corporate Matters
ZeUPay, the augmented evolution of Prego International Group
The Company is pleased to report that integration planification with Prego International Group is well underway. The companies have established January 18, 2021, as the target date to close the acquisition and corporate integration within ZeU’s new subsidiary, ZeUPay.
ZeUPay will bring custodial and legacy banking support for the Mula Platform as well as ZeU’s other DeFi and Gaming initiatives. It will offer default legacy KYC and AML coverage for a suite of initiatives without limiting the possibilities to bring third-party augmented compliance offerings for which the Company is actively seeking commercial partnerships.
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Fig. 5 ZeUPay mobile UI
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Fig.6 ZeUPay Data & Money Flow
Ronald Eriksen, CEO of Prego International Group stated : “(…) Prego`s team has been dedicated, both from a management and technical angle, to prepare the integration of our business platform to ZeU (…) We have strong ambitions to provide opportunities for the integrated group to deliver attractive products and services to any customer in the markets we enter (…) Following this, we are convinced that ZeUPay will succeed and produce growing volumes and profits, and in the end this will give our shareholders a significant return on their investments.”
ZeU Financial Situation
In the current fiscal quarter, the Company has earned cash revenues allowing it to cover past development expenses and invoices. It also expects to bring in digital assets that can be monetized to cover continuous development. Part of these digital assets is related to the Borealis DEX initiative with HTrust and HODLdex.
Core management and directors have suspended taking payments for their compensation since Q2. The Company expects to cover some of these accrued liabilities with a share for debt offering priced at $0.25 before the end of the current year. The Company also expects to issue stock-options for key developers and management. These options are tentatively priced at $0.30.
Frank Dumas, ZeU’s CEO, commented : “(…) The team has done an astounding job of pulling together the various obligations and feedback we have encountered and moulding it into a viable product. In the beginning, it felt insurmountable, but the team persevered and created something beyond my expectation. (…) I fully endorsed the philosophical changes for Mula. In the end, it allows us to offer a stronger product to more people, breaking us out of the ‘blockchain email’ niche and making us a real competitor for certain major players in the industry (…)”.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
Frank Dumas President & CEO
About ZeU
ZeU is a forward-thinking Canadian technology Corporation which has developed a state-of-the-art blockchain protocol, providing the foundation for the next-generation of crypto networks. Thanks to its high level of sophistication, ZeU’s technology maximizes transparency, security and scalability as well as big data management. ZeU’s strategy is to monetize blockchain transactions in diverse sectors such as payment, gaming, data and healthcare.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Posted by AGORACOM-JC
at 7:27 AM on Monday, December 14th, 2020
Announces that it will begin to publicly disclose unaudited net asset value per share on a monthly basis, commencing with the January 31, 2021 period.
This expands on ThreeD’s established practice of releasing NAV on a quarterly basis and reflect our response to shareholder interest in receiving NAV information more frequently.
TORONTO, Dec. 14, 2020 – ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQB:IDKFF) announces that it will begin to publicly disclose unaudited net asset value per share (“NAV”) on a monthly basis, commencing with the January 31, 2021 period. This expands on ThreeD’s established practice of releasing NAV on a quarterly basis and reflect our response to shareholder interest in receiving NAV information more frequently.
Monthly NAV will be disclosed by the Company in a press release and be available on the Company’s website approximately 15 days after month-end. NAV will be calculated based on unaudited month-end financial information.
NAV is a non-GAAP measure calculated as the value of total assets less the value of total liabilities divided by total number of common shares outstanding, as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies.
“ThreeD believes that providing monthly NAV updates, will be beneficial to our shareholders by providing information that is useful to understanding our performance”, states Sheldon Inwentash, Chairman and CEO, “This measure will help provide a benchmark to evaluate our business relative to that of our peers”.
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.
For further information: Gerry Feldman, CPA, CA Chief Financial Officer and Corporate Secretary [email protected] Phone: 416-941-8900 ext 106
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Forward-Looking Statements
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to timing and content of future disclosures of the NAV of the Company. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur including, without limitation, risks relating to the timing and content of future public disclosures by the Company or related to the fact that the term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. Although the Company believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
Posted by AGORACOM-JC
at 6:20 PM on Thursday, December 10th, 2020
Announced that it has received interest for up to $2 Million of units pursuant to a non-brokered financing, which will close prior to the unrelated, best efforts brokered private placement of units which the Company previously announced on December 7, 2020.
The gross proceeds of these unrelated offerings together will be up to $3.15 Million. The Units in each of the Brokered Offering and Non-Brokered Offering are being offered at $0.15 per Unit, with each Unit comprised of one common share of the Company and one Common Share purchase warrant
Each Warrant shall be exercisable to acquire one Common Share at an exercise price of $0.20 per Warrant Share for a period of 24 months from the applicable closing.
TORONTO, ON / December 10, 2020 /KABN Systems NA Holdings Corp. (CSE:KABN) (the “Company” or “KABN North America” or “KABN NA“), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization in Canada and the U.S., is pleased to announce that it has received interest for up to $2 Million of units (“Units“) pursuant to a non-brokered financing (the “Non-Brokered Offering“), which will close prior to the unrelated, best efforts brokered private placement (“Brokered Offering“) of units which the Company previously announced on December 7, 2020. The gross proceeds of these unrelated offerings together will be up to $3.15 Million. The Units in each of the Brokered Offering and Non-Brokered Offering are being offered at $0.15 per Unit, with each Unit comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share“) at an exercise price of $0.20 per Warrant Share for a period of 24 months from the applicable closing.
The Brokered Offering is expected to close on or about December 29, 2020, or on such earlier date as agreed upon between the Company and Agent, and the Non-Brokered Offering is expected to close on or about December 21, 2020, or on such earlier date as the Company determines, and each is subject to certain conditions, including receipt of subscription agreements and payment of the subscription amounts by subscribers. The Units to be issued will have a hold period of four months and one day from the applicable closing.
The securities described herein 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 accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
About KABN North America 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 the use of their online identity. KABN NA’s propriety technology suite includes 4 key products:
Liquid Avatarallows users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allow users to manage and control their Self Sovereign Identity and to use Liquid Avatars to share verifiable credentials, including access, identity and designation credentials, and public and permission based private data when they want and with whom they want.
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.
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 KASHis a cashback, loyalty and engagement program that powers the KABN NA’s revenue ecosystem. KABN NA provides its products and services at no cost to consumers and generates revenues through permission-based partner programs.
KABN Systems NA Holding Corp. is a publicly listed company listed on the Canadian Securities Exchange under the symbol “KABN.”
For further information, please contact: David Lucatch 647-725-7742 Ext. 701 [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 includes statements regarding the anticipated proceeds of the Non-Brokered Offering and Brokered Offering, the closing date of each of the Non-Brokered Offering and Brokered Offering and statements that suggest that the Non-Brokered Offering and Brokered Offering will be completed and 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, including to accelerate the Company’s development, customer acquisition and business platform, 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.
Posted by AGORACOM-JC
at 5:35 PM on Tuesday, December 8th, 2020
Facebook and other tech giants showed the world that sharing our private data and profiting from it is a major issue. It became such a major issue that sweeping laws have been enacted in Europe (GDPR) and the United States (CCPA) that not only puts a stop to these practices but also demand that individuals are given the opportunity to take control of their digital identities – and even profit from them.
The term is often referred to as “Self Sovereign Identity (SSI)” and though it sounds kind of complicated, it actually sounds like music to the ears of investors that want to learn more about this massive global trend.
KABN is the small cap company that is leaps and bounds ahead of any other small cap company in this space. Their technology is damn cool (check out www.LiquidAvatar.com) and their global recognition is even better given their recent addition to the Trust Over IP Foundation as a Steering Member, joining the likes of IBM, Mastercard, Accenture and other global giants that are forming an ecosystem around SSI
This is a global paradigm shift that you DO NOT want to miss because it is happening right now and KABN is the leading small cap company for investors to gain exposure.
HOW?
KABN Turns The Problem Of Data Privacy Into A Profit For Individuals … and now they are going one step further by enabling healthcare issuers, individuals and verifiers to have a digital COVID-19 verifiable identity healthcare credential that is secure, user managed and controlled to ensure privacy, transportability and ease of use. This solution supports the foundation for the acceptance of digital Healthcare Passports.
Watch this great interview with CEO David Lucatch.
Posted by AGORACOM-JC
at 8:12 AM on Tuesday, December 8th, 2020
Verified Self Sovereign Identity, together with a complete end-to-end issuance and verification health credentials ecosystem, ensures individuals have full privacy and control of personal healthcare data, including vaccination records, so they can securely start returning back to public life, freely.
Announced the formation of a consortium of industry leaders that will empower people to start getting back to the activities, people and places they have been missing in their lives.
The consortium has developed an integrated solution that enables healthcare issuers, individuals and verifiers to have a digital COVID-19 verifiable identity healthcare credential that is secure, user managed and controlled to ensure privacy, transportability and ease of use.
This solution supports the foundation for the acceptance of digital Healthcare Passports.
TORONTO, ON and GIBRALTARDecember 8, 2020 / The KABN Network, together with KABN Systems NA Holdings Corp. (CSE:KABN) (the “Company” or “KABN North America”), a Canadian fintech company that specializes in continuous online identity verification, management and monetization in Canada and the US, through its biometrically and identity verified Self Sovereign Identity platform, Liquid Avatar (www.liquidavatar.com), today announces the formation of a consortium of industry leaders that will empower people to start getting back to the activities, people and places they have been missing in their lives. The consortium has developed an integrated solution that enables healthcare issuers, individuals and verifiers to have a digital COVID-19 verifiable identity healthcare credential that is secure, user managed and controlled to ensure privacy, transportability and ease of use. This solution supports the foundation for the acceptance of digital Healthcare Passports.
This consortium initially includes the Lumedic Exchange, to power the healthcare credential ecosystem; Loop Insights (MTRX), a leader in automatic contact tracing; The Campus Agency, to support on campus programs at over 2,000 US Colleges and Universities; and TripXpertz, an organization that works with over 1,000 travel and tourism boards, airlines, wholesalers and resorts, together with Liquid Avatar’s Self Sovereign Identity platform to empower the worldwide Healthcare industry to issue Identity-based Verifiable Credentials through a secure, effective and cost-efficient ecosystem.
This ecosystem will allow qualified Health Professionals with the ability to issue a Verifiable Credential that enables venues and other facilities to verify both the issued credential and the known user in real-time to grant access and / or services. This partnership built on a Trust over IP (TOIP) open standards framework, and the World Wide Web Consortium’s (W3C) specifications for decentralized identifiers for credential management, can power interoperable COVID-19 vaccination and other verifiable credentials across a host of user managed and controlled digital wallets and applications. This process can be used for multiple use cases such as Education, Workplaces, Tradeshows, Healthcare, Sporting Events, Concerts, Entertainment, Travel, Places of Worship, Senior Living, and other facilities, venues and locations and opens the door to further opportunities for commercial and consumer opportunities.
Liquid Avatar’s Self Sovereign Identity (SSI) platform, which includes user biometric validation and a bank-grade verified identity credential, is available to consumers at no cost. Liquid Avatar enables users to verify and manage their identity and access credentials in a cloud-based, biometrically-secure application. Users have complete control over their digital assets (like wallets, passwords and more), identity, and data through easy to use avatars that can be shared, on a permission-basis with others. The COVID-19 Verifiable Healthcare Credential combines healthcare data with the user’s biometrically verified identity credential. When a request is made by a Verifier, the User has a choice of which attributes are shared, creating a private verification transaction between themselves and a verifier. While much of the technology and services are already in place, the launch of the healthcare credential pilot is expected to take place in the first quarter of 2021 to coincide with the expected release of the COVID-19 widespread vaccination program.
This program will not only be able to verify identity credentials for the Covid-19 vaccines, diagnostic and antibody testing, but will also be able to support a wide range of immunizations and healthcare records.
“We want to empower users to return to public life and the things they once did freely, pre-COVID-19, with ease and continued safety, with this and future credentials,” said David Lucatch, CEO of KABN. “Our goal is to help get everyone back to life as efficiently and effectively as possible, so a sense of “normality” can be reestablished. Liquid Avatar and the ecosystem, together with this amazing group and a growing list of partners, will potentially enable businesses, schools, entertainment venues, and more do the normal things that they do and give users the power to engage with them as they did before the pandemic changed our lives.”
Healthcare issuers and individuals will be granted access to the system at no cost. Verifiers wishing to access the system will be charged a nominal subscription and micro-payment per verification, making it very cost efficient and effective to use the system for small and medium sized enterprises all the way up to major airlines, venues and facilities. The partners are committed to making the services affordable to all parties, so that everyone can get back to their everyday lives.
The KABN Network is working with leading industry partners to provide a safe and effective ecosystem that supports the issuance, ownership and verification of these verified identity and access credentials and is proud to be working with the following partners at the outset of this announcement covering a wide range of technologies, issuer, consumer and verification engagement, with additional partners to be named as the program grows.
Trust over IP Foundation (ToIP)
As a member of the Trust over IP Foundation (www.trustoverip.org) steering committee, The KABN Network is committed to the organization’s open-standard framework and tech stacks. ToIP recently released its Covid-19 Credentials Initiative (“CCI”) Governance Framework for public review.
“Trust over IP offers an important new model for how to assemble the pieces that create working and reliable digital trust ecosystems. We are very excited to see momentum growing for real-world cases where the model is being used to make people’s digital lives simpler and better. This includes the KABN Network becoming part of the Lumedic Exchange,” said John Jordan – Executive Director of the Trust over IP Foundation. “We hope to see this momentum continue, and more organizations using the Trust over IP model to create solutions that benefit individuals and businesses.”
Lumedic Exchange
The KABN Network, as a founding partner, is working with the Lumedic Exchange (www.lumedic.io), an open-standards, decentralized framework for the healthcare industry giving patients greater control over their health data.
Chris Ingrao, Chief Strategy Officer of Lumedic, a US-based Health technology company, part of Providence Health Systems ecosystem, comments: “Lumedic recently launched the Lumedic Exchange, the first healthcare ecosystem of its kind dedicated solely to community-driven standards development for patient-intermediated information exchange using verifiable credentials, to support secure exchange of vaccination information.”
Loop Insights, Inc.
Powering professional sports, entertainment, collegiate and other venues and facilities with Automatic Contract Tracing, Loop Insights, Inc. (www.loopinsights.ai) (MTRX) has developed a fully managed contactless check-in platform that securely transfers contact information and triggers real-time notifications at scale.
“The success Loop has had with our recent NCAA sporting events using our venue tracing and management tools, only reinforces the need for a unified verifiable credential that consumers and businesses can trust. Working with KABN and Liquid Avatar and their digital identity platform will provide our customers – and ultimately consumers – with the level of trust required to provide personal information such as COVID testing results, vaccination proof, payment, and other sensitive personal information required in today’s changing landscape. We are thrilled to be one of the first partners to work with KABN and Liquid Avatar on an end to end solution that will provide this safety, security, and peace of mind required to protect consumers looking to return to a new way of life where mobile devices and personal information will be at the forefront of nearly every interaction”, Rob Anson, President and CEO Loop Insights.
The Campus Agency
With reach to over 2,000 US College and University campuses and over 1.5 Million Gen Z students, alumni and families, The Campus Agency (www.thecampusagency.com) has been supporting innovative direct to student and online marketing programs for over 40 years.
“We are really excited to be working with KABN and Liquid Avatar and be a member of this consortium. COVID-19 has impacted the lives of students and faculty on college campuses in such a major way, and we are looking forward to being part of a solution that provides campus communities with the tools and resources they need to return to their way of lives, safely and securely,” Chris Nyland, Chief Operating Officer, The Campus Agency
TripXpertz
Powering over 1,000 travel and government tourism boards, airlines, travel wholesalers and resorts in US, Canada, Mexico, the Caribbean and around the world, to more effectively reach their intended travel audiences with end to end travel marketing management, booking and analytics solutions TripXpertz (www.tripxpertz.com) is changing the way the travel industry reaches travelers and how travelers can receive better value from their travel experiences.
“Our Priority Protection Passport program is aimed at restoring consumer confidence and trust in travelling again and piece-of-mind while away,” says Brad Miron, CEO of TripXpertz. “This partnership gives us, and our multiple program stakeholders, the ability to verify an individual’s identity with certainty, while maintaining security and privacy – In the context of Priority Protection Passport, Liquid Avatar and the capabilities of the Verifiable Identity Healthcare Credentials are foundational to what we must deliver to attract, assure and welcome back tourists to destinations.”
For more information on the program and / or how to become a consortium partner or participant, please visit www.liquidavatar.com
KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of Self Sovereign identity, empowering users to control and benefit from the use of their online identity. The KABN proprietary technology suite includes 4 key products:
Liquid Avatar is a verified Self Sovereign Identity platform empowers users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allow users to manage and control their digital identity and Verifiable Access and Identity Credentials, and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com
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.
KABN Systems NA Holdings Corp. is publicly listed on the Canadian Securities Exchange (CSE) under the symbol “KABN” (CSE:KABN)
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The Trust over IP Foundation is defining a complete architecture for Internet-scale digital trust that combines both cryptographic trust at the machine layer and human trust at the business, legal, and social layers.
Lumedic is a health information logistics company that helps healthcare stakeholders optimally cooperate throughout the administrative ecosystem. The Lumedic platform includes a suite of healthcare interoperability solutions that harmonize action and relieve friction across revenue cycle management, clinical operations, and patient engagement. Lumedic leverages AI, distributed ledgers, design thinking, and open standards to advance the state of healthcare technology and deliver greater health, safety, and wellbeing for patients and communities.
Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network.
With reach to over 2,000 US College and University campuses and over 1.5 Million Gen Z students, alumni and families, The Campus Agency (www.thecampusagency.com) has been supporting innovative direct to student and online marketing programs for over 40 years.
TripXpertz is Toronto-based marketing technology (“MarTech”) company with a 20 year track-record of delivering new monetization paths and superior traveller acquisition and conversion for tourist boards and travel providers globally. The company provides highly targeted, “zero risk”, pay-of-performance campaigns backed by rich engaging destination content that drives awareness and customer conversions at a fraction of industry norm acquisition costs.
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.
Posted by AGORACOM-JC
at 8:51 AM on Monday, December 7th, 2020
Entered into an agreement with Mackie Research Capital Corporation, as sole agent and sole bookrunner in connection with a best efforts, private placement of units of the Company at an indicative price of $0.15 per Unit, to be determined in the context of the market, for gross proceeds of up to $1,000,000
TORONTO, ON / December 7, 2020 / KABN Systems NA Holdings Corp. (CSE:KABN) (the “Company” or “KABN North America” or “KABN NA“), a Canadian Fintech company that specializes in continuous online identity verification, management and monetization in Canada and the U.S., is pleased to announce that it has entered into an agreement with Mackie Research Capital Corporation, as sole agent and sole bookrunner (the “Agent“), in connection with a best efforts, private placement of units of the Company (the “Units“) at an indicative price of $0.15 per Unit (the “Offering Price“), to be determined in the context of the market, for gross proceeds of up to $1,000,000 (the “Offering“).
Each Unit will be comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant shall be exercisable to acquire one Common Share (a “Warrant Share“) at an indicative exercise price of $0.20 per Warrant Share, to be determined in the context of the market, for a period of 24 months from the closing of the Offering.
The Agent will have an option (the “Agent’s Option“) to offer for sale up to an additional 15% of the number of Units sold in the Offering at the Offering Price, which Agent’s Option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering.
The Company intends to use the proceeds raised under the Offering for working capital and general corporate purposes.
The securities to be issued under the Offering will be offered by way of private placement in each of the provinces of Canada, and such other jurisdictions as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.
The Offering is expected to close on or about December 28, 2020, or on such earlier date as agreed upon between the Company and Agent (the “Closing“), and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. The Units to be issued under the Offering will have a hold period of four months and one day from Closing.
In connection with the Offering, the Agent will receive an aggregate cash fee equal to 8.0% of the gross proceeds from the Offering, including in respect of any exercise of the Agent’s Option. In addition, the Company will grant the Agent, on date of Closing, non-transferable compensation options (the “Compensation Options“) equal to 8.0% of the total number of Units sold under the Offering (including in respect of any exercise of the Agent’s Option). Each Compensation Option will entitle the holder thereof to purchase one Unit at an exercise price equal to the Offering Price for a period of 24 months following the Closing.
The securities described herein 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 accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
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 the use of their online identity. KABN NA’s propriety technology suite includes 4 key products:
Liquid Avatar allows users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allow users to manage and control their Self Sovereign Identity and to use Liquid Avatars to share verifiable credentials, including access, identity and designation credentials, and public and permission based private data when they want and with whom they want. www.liquidavatar.com.
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.
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. www.kabncard.com.
KABN KASH is a cashback, loyalty and engagement program that powers the KABN NA’s revenue ecosystem. KABN NA provides its products and services at no cost to consumers and generates revenues through permission-based partner programs. www.kabnkash.com.
Posted by AGORACOM-JC
at 5:22 PM on Friday, December 4th, 2020
Announced that it and its Joint Actor has acquired ownership and control of an aggregate of 4,500,000 common shares and 4,500,000 common share purchase warrants of Bluesky Digital Assets Corp (“Bluesky”) on December 4, 2020.
The Subject Units represented approximately 16.2% of all issued and outstanding common shares of Bluesky as of December 4, 2020 immediately following the transaction described above (or approximately 27.8% on a partially diluted basis, assuming exercise of the Subject Warrants only), resulting in a corresponding increase in the percentage of shares held by ThreeD and its Joint Actor as a result of the transaction.
TORONTO, Dec. 04, 2020 — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQB:IDKFF) a Canadian based venture capital firm that invests in disruptive companies and promising junior resources companies, is pleased to announce that it and its Joint Actor has acquired ownership and control of an aggregate of 4,500,000 common shares (the “Subject Shares”) and 4,500,000 common share purchase warrants (the “Subject Warrants” and together with the Subject Shares, the “Subject Units”) of Bluesky Digital Assets Corp (“Bluesky”) on December 4, 2020. The Subject Units represented approximately 16.2% of all issued and outstanding common shares of Bluesky as of December 4, 2020 immediately following the transaction described above (or approximately 27.8% on a partially diluted basis, assuming exercise of the Subject Warrants only), resulting in a corresponding increase in the percentage of shares held by ThreeD and its Joint Actor as a result of the transaction.
Immediately before the transaction described above, ThreeD and the Joint Actor did not hold any securities of Bluesky.
Immediately following the transaction described above, ThreeD and the Joint Actor held an aggregate of 4,500,000 common shares (the “Post-Closing Shares”) and convertible securities entitling ThreeD and the Joint Actor to acquire an additional 4,500,000 common shares of Bluesky (the “Post-Closing Convertible Securities”), representing approximately 16.2% of the issued and outstanding common shares of Bluesky (or approximately 27.8% assuming exercise of such Post-Closing Convertible Securities only). Of this total, ThreeD held an aggregate of 2,500,000 of the Post-Closing Shares and 2,500,000 of the Post-Closing Convertible Securities (representing approximately 9.0% of the issued and outstanding common shares of the Company, or approximately 16.5% assuming exercise of such Post-Closing Convertible Securities only), and the Joint Actor held an aggregate of 2,000,000 of the Post-Closing Shares and 2,000,000 of the Post-Closing Convertible Securities, representing approximately 7.2% of the issued and outstanding common shares of Bluesky (or approximately 13.4% on a partially diluted basis, assuming exercise of such Post-Convertible Securities only).
The Subject Units were acquired in a private placement and not through the facilities of any stock exchange. The holdings of securities of Bluesky by ThreeD and the Joint Actor are managed for investment purposes, and ThreeD and the Joint Actor could increase or decrease their investments in Bluesky at any time, or continue to maintain their current investment position, depending on market conditions or any other relevant factor. The aggregate consideration payable for the Subject Units was $405,000, or $0.09 per Subject Unit.
The trade was effected in reliance upon the exemption contained in Section 2.3 of National Instrument 45-106 on the basis that each of ThreeD and the Joint Actor is an “accredited investor” as defined herein.
About ThreeD Capital Inc.
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.
For further information: Gerry Feldman, CPA, CA Chief Financial Officer and Corporate Secretary [email protected] Phone: 416-941-8900 ext 106
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.UnfollowRecommendReplyNew MessagePrev MessageBack To ForumThreaded View Next Message Share Share Share Share New Message Title: Message:
