CALGARY, AB, June 29, 2020 /CNW/ - Katipult Technology
Corp. (TSXV: FUND) ("Katipult" or the "Company") announces that it
is relying on Blanket Order 51-518 – Temporary Exemptions from
Certain Requirements to File or Send Securityholder Materials of
the Alberta Securities Commission (the "Blanket Order") (and
similar exemptions provided by the British Columbia, Ontario and Nova Scotia Securities Commissions
and the Financial and Consumer Affairs Authority of Saskatchewan), to postpone the filing of its
executive compensation disclosure for the period ended December 31, 2019 as contemplated by Section 10
of the Blanket Order.
About Katipult
Katipult (www.katipult.com) is a provider of industry leading
and award-winning software infrastructure for powering the exchange
of capital in equity and debt markets. Our cloud-based platform and
solutions digitize investment workflow by eliminating transaction
redundancy, strengthening compliance, delighting investors, and
accelerating deal flow. Katipult provides unparalleled adaptability
for regulatory compliance, asset structure, business model, and
localization requirements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statement:
Cautionary Note Regarding Forward Looking Statements: Certain
disclosure in this release, including statements regarding the
increased or continued industry interest in the Corporation's
product, converting existing sales interest and installations into
revenue, generating new sales opportunities, effectively and
efficiently utilizing the Corporation's resource and the ability to
deal with business disruptions or opportunities as a result of the
Covid-19 pandemic constitute forward-looking statements. In making
the forward-looking statements in this release, the Corporation has
applied certain factors and assumptions that are based on the
Corporation's current beliefs as well as assumptions made by and
information currently available to the Corporation, including, but
not limited to, the Corporation's anticipated cash needs, that the
cash available to the Corporation is as expected, the Corporation's
product will continue to operate as expected, the industry will
continue to see value in the Corporation's product, the Corporation
will be able to recruit talented and experienced sales, support and
other individuals required to execute the Corporation's plans, and
that the Corporation's employees, consultants, customers, suppliers
and other stakeholders will be able to manage successfully
throughout the Covid-19 pandemic. Although the Corporation
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements. Such risk factors may include,
among others, the risk that cash available to the Corporation is
not as expected, failure to manage growth successfully, lengthier
than anticipated sales and implementation cycle, cyber risks, risks
related to cloud based solutions, failure to continue to adapt to
technological change and new product development, dependence on key
personnel, competition, intellectual property risks, economic
conditions, the financial and economic fallout due to the Covid-19
pandemic, privacy concerns and legislation, regulatory environment,
risk associated with a change in the Corporation's pricing model,
risk of defects in the Corporation's solution, dependence on market
growth, operational service risk, dependence on partners and delay
or failure to realize anticipated benefits of key account
installations. Readers are cautioned, especially in these uncertain
times, not to place undue reliance on forward-looking statements.
The Corporation does not intend to, and expressly disclaims any
intention or obligation to, update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required by law.
SOURCE Katipult Technology Corp.
