TORONTO, June 25, 2018 /CNW/ - 01 Communique Laboratory
Inc. (ONE:TSX-V) (the "Company") today announced it has entered
into a marketing agreement with Hybrid Financial Ltd. ("Hybrid")
whereby Hybrid agrees to assist the Company in developing and
implementing an investor relations campaign.
The Agreement commences June 25,
2018 and is for an initial term of 3 months after which it
resorts to a month to month basis. Compensation for services
rendered includes a monthly fee of $14,000 to be paid from working capital and the
Company is granting 400,000 stock options at an exercise price of
$0.05 per share. The grant date is
June 25, 2018 with a term of 5 years.
If the agreement is terminated, unvested options will not be
eligible for exercise and all vested options shall be eligible for
exercise for a period ended 12 months following
termination.
"We look forward to working with Hybrid as we move forward with
our new direction," said Andrew
Cheung, President and CEO for 01 Communique. "We recently
announced plans to transition our focus and strategy to the
development of a Post-Quantum Blockchain. In summary, our vision is
to develop a Post-Quantum Blockchain, which can be implemented on
classical computer systems as we know them today while at the same
time be secure enough to safeguard against potential Quantum
Computer attacks."
Hybrid Financial is a sales and distribution company working on
behalf of clients in the financial services industry. Hybrid's
unique approach helps effectively and efficiently build brands and
launch products on behalf of small, medium, and large clients.
Offices in Toronto and
Montreal allow Hybrid to
comprehensively cover both United
States and Canadian markets. Mr. Steve Marshall, President and co-founder, will
be overseeing the services provided to the Company from Hybrid's
Toronto office.
Other than the options described above, the Company has been
advised that Hybrid does not have any interest, directly or
indirectly, in the Company or its securities, or any right or
intent to acquire such an interest.
A conference call is scheduled for Thursday June 28,
2018 at 4:00 PM. The Company
will provide an update on operations and provide an overview of the
new direction as well as answer any questions asked by
participants.
Dial in number Local (416) 900-2936
Toll free
1-866-279-1594
The pass code when prompted is 532785
The engagement of Hybrid is subject to approval by the TSX
Venture Exchange.
Neither TSX Venture Exchange ("TSX-V") 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.
About 01 Communique
Established in 1992, 01 Communique Laboratory Inc. (TSX-V:ONE)
offers a suite of remote access services designed for small-medium
sized business, mobile professionals and IT service providers. 01's
software as a service offerings are deployed on-demand and include
functionality enabling on-line meetings, remote computing and IT
support. 01's suite of products includes its remote access offering
I'm InTouch (www.imintouch.com), its online meeting offering
(www.imintouchmeeting.com) and its remote support offering I'm
OnCall (www.imoncall.com) products are protected in the
U.S.A. by its patents #6,928,479 /
#6,938,076 / #8,234,701 and in Canada by its patents #2,309,398 / #2,524,039
and Japan by its patent
#4,875,094. For more information, visit www.01com.com or call (905)
795-888 or (800) 668-2185 (North
America only).
Cautionary Note Regarding Forward-looking Statements.
Certain statements in this news release may constitute
"forward-looking" statements which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company, or industry results, to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. When used in this news release, such statements use
such words as "may", "will", "expect", "believe", "plan", "intend",
"are confident" and other similar terminology. These statements
reflect current expectations regarding future events and operating
performance and speak only as of the date of this news
release. Forward-looking statements involve significant risks
and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether or not such results will be achieved. A
number of factors could cause actual results to differ materially
from the results discussed in the forward-looking statements,
including, but not limited to, the factors discussed under "Risk
and Uncertainties" in the company's Management`s Discussion and
Analysis document filed on SEDAR. Although the forward-looking
statements contained in this news release are based upon what
management of the Company believes are reasonable assumptions, the
company cannot assure investors that actual results will be
consistent with these forward looking statements. These
forward-looking statements are made as of the date of this news
release, and the company assumes no obligation to update or revise
them to reflect new events or circumstances.
SOURCE 01 Communique Laboratory Inc.
