NOT FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. THIS NEWS RELEASE DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY
ANY OF THE SECURITIES 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. THIS NEWS RELEASE DOES NOT CONSTITUTE AN
OFFER OR SALE OF SECURITIES IN THE UNITED STATES.
TORONTO, Jan. 18,
2023 /CNW/ -- Sabio Holdings Inc. (TSXV: SBIO;
OTCQX: SABOF) ("Sabio" or the "Company"), a leading
provider of connected TV ("CTV") and over-the-top
("OTT") advertising platforms validated by
performance, is pleased to announce that it has engaged the
services of Independent Trading Group, Inc. ("ITG") to provide
services as a market maker in compliance with the policies and
guidelines of the TSX Venture Exchange and other applicable
legislation. ITG will receive a fee of C$5,000 plus applicable taxes per month, payable
monthly in advance. The agreement between the Company and ITG is
for an Initial Term of three (3) months and shall be
automatically renewed for subsequent one (1) month terms (each
month called an "Additional Term") unless either party
provides at least thirty (30) days written notice prior to the end
of the Initial Term or an Additional Term, as applicable. There are
no performance factors contained in the agreement and no stock
options or other compensation are being granted in connection with
the engagement. ITG and its clients may acquire an interest in
the securities of the Company in the future.
ITG is an arm's length party to the Company. ITG's market making
activity will be primarily to correct temporary imbalances in the
supply and demand of the Company's shares. ITG will be responsible
for the costs it incurs in buying and selling the Company's shares,
and no third party will be providing funds or securities for the
market making activities.
Independent Trading Group, Inc
Independent Trading Group (ITG) Inc. is a Toronto based IIROC dealer-member that
specializes in market making, liquidity provision, agency
execution, ultra-low latency connectivity, and bespoke algorithmic
trading solutions. Established in 1992, with a focus on market
structure, execution and trading, ITG has leveraged its own
proprietary technology to deliver high quality liquidity provision
and execution services to a broad array of public issuers and
institutional investors.
About Sabio
Sabio Holdings Inc. (TSXV: SBIO) (OTCQX: SABOF) is one of the
fastest-growing CTV/OTT technology and service providers in the
high-growth ad-supported video-on-demand (VOD) and streaming space.
Its cloud-based CTV/OTT technologies provide publishers with
distribution, monetization, and analytics while delivering ROI
validation for brands and agencies. The Sabio Holdings portfolio is
comprised of: Sabio — our trusted and transparent content
monetization DSP; App Science™ — our cutting edge, non-panel based,
real-time measurement and attribution SAAS platform; and Vidillion
— our cloud-based ad-insertion, and content distribution and
management platform.
For more information, visit: sabioholding.com
Forward-Looking Statements
Certain statements contained in this news release may be
deemed "forward–looking statements" within the meaning of
applicable Canadian and U.S. securities laws. These forward–looking
statements, by their nature, require Sabio to make certain
assumptions and necessarily involve known and unknown risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in these forward–looking
statements. Forward looking statements are not guarantees of
performance. Words such as "may", "will", "would", "could",
"expect", "believe", "plan", "anticipate", "intend", "estimate",
"continue", or the negative or comparable terminology, as well as
terms usually used in the future and the conditional, are intended
to identify forward–looking statements. This forward-looking
information is based on reasonable assumptions and estimates of
management of the Company at the time such assumptions and
estimates were made, and involves known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievement
expressed or implied by such forward-looking information. Although
the forward-looking information contained in this news release is
based upon what management believes, or believed at the time, to be
reasonable assumptions, Sabio cannot assure shareholders and
prospective purchasers of securities of the Company that actual
results will be consistent with such forward looking information,
as there may be other factors that cause results not to be as
anticipated, estimated or intended, and neither Sabio nor any other
person assumes responsibility for the accuracy and completeness of
any such forward-looking information. Further, Sabio does not
undertake, and assumes no obligation, to update or revise any such
forward-looking statements or forward-looking information contained
herein to reflect new events or circumstances, except as may be
required by law.
This news release shall not constitute an offer to sell or
the solicitation of an offer to buy any securities in any
jurisdiction.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
™ App Science is a trademark or registered trademark of Sabio
Inc. in the United States,
Canada, and other countries.
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content:https://www.prnewswire.com/news-releases/sabio-holdings-engages-independent-trading-group-inc-for-market-making-services-301725283.html
SOURCE Sabio Holdings Inc.