LIMERICK, Ireland, March 31,
2022 /CNW/ – kneat.com, inc. (TSX: KSI)
(OTCQX: FBAYF) ("Kneat" or the "Company") a leader in
digitizing and automating validation processes, announced today
that its common shares (the "Shares") will commence trading
on the OTCQX® Best Market today, under the symbol "FBAYF".
Kneat also announced that its Shares are now eligible for
electronic clearing and settlement in the
United States through the Depository Trust Company
("DTC"). DTC is a subsidiary of the Depository Trust &
Clearing Corporation, a U.S. company that manages the electronic
clearing and settlement of publicly traded companies. DTC
eligibility is expected to simplify the process of trading and
enhance liquidity of the Company's Shares in the United States.
Eddie Ryan, Chief Executive
Officer of Kneat commented, "Listing on the OTCQX is a
significant milestone for Kneat and a logical next step for the
company. We believe that the listing and DTC eligibility will
increase Kneat's visibility among U.S. investors and enhance access
for shareholders seeking to gain exposure in the high-growth Life
Sciences digital solutions marketplace."
Kneat's common shares will continue to trade on the TSX under
the symbol "KSI".
The OTCQX® Best Market offers established companies the
advantages of being publicly traded in the U.S. with lower cost and
complexity than a U.S. exchange listing. Investors benefit from
convenient trading through their preferred broker or financial
advisor, transparent pricing with real-time quotes, and trusted
disclosure that is made broadly available to broker-dealers and
market data providers. To qualify for OTCQX, companies must meet
high financial standards, follow best practice corporate
governance, and demonstrate compliance with applicable securities
laws.
Investors can find information and trading statistics on Kneat
at www.otcmarkets.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. operates the OTCQB® Best Market, the
OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and
global securities. To learn more about the OTC Markets Group Inc.
visit www.otcmarkets.com.
About Kneat
Kneat, a Canadian company with operational headquarters in
Limerick, Ireland, develops and
markets the next generation Kneat Gx SaaS platform. Multiple
business work processes can be configured on the platform from
equipment to computer system validation, through to quality
document management. Kneat's software allows users to author,
review, approve, execute testing online, manage any exceptions, and
post approve final deliverables in a controlled FDA 21 CFR Part 11/
Eudralex Annex 11 compliant platform. Macro and micro report
dashboards enable powerful oversight into all systems, projects and
processes globally. Customer case studies are reporting
productivity improvements in excess of 100% and a higher data
integrity and compliance standard. For more information visit
www.kneat.com
Cautionary and Forward-Looking Statements
Except for the statements of historical fact contained herein,
certain information presented constitutes "forward-looking
information" within the meaning of applicable Canadian securities
laws. Such forward-looking information, includes, but is not
limited to, the relationship between Kneat and the customer,
Kneat's business development activities, the use and implementation
timelines of Kneat's software within the customer's validation
processes, the ability and intent of the customer to scale the use
of Kneat's software within the customer's organization and the
compliance of Kneat's platform under regulatory audit and
inspection. While such forward-looking statements are expressed by
Kneat, as stated in this release, in good faith and believed by
Kneat to have a reasonable basis, they are subject to important
risks and uncertainties. As a result of these risks and
uncertainties, the events predicted in these forward-looking
statements may differ materially from actual results or events.
These forward-looking statements are not guarantees of future
performance, given that they involve risks and uncertainties.
The forward-looking information in this press release does not
include a full assessment or reflection of the unprecedented
impacts of the COVID-19 pandemic occurring since the first quarter
of 2020 and the ongoing and developing resulting indirect global
and regional economic impacts. This has resulted in significant
economic uncertainty and even though the Company has to date
experienced no significant impact to its operations, any potential
impact on our future is difficult to understand or measure at this
time.
Kneat does not undertake any obligation to release publicly
revisions to any forward-looking statement, except as may be
required under applicable securities laws. Investors should not
assume that any lack of update to a previously issued
forward-looking statement constitutes a reaffirmation of that
statement. Continued reliance on forward-looking statements is at
an investors' own risk.
SOURCE kneat.com, inc.