Voleo Trading Systems Inc. (TRAD: TSX-V,
VLEOF: OTC-QB) (“
Voleo”, the
“
Company”), is pleased to announce it now trades
on the OTCQB under symbol VLEOF. The OTCQB® Venture Market is
for early-stage and developing U.S. and international companies,
and trading on the OTCQB is consistent with the Company’s strategy
of attracting investors as users and vice versa.
Executive Chairman Mark Morabito elaborated,
“Voleo is a growing broker-dealer ad has always envisioned enabling
investors in our company to participate as Voleo users. Equally,
with a US trading market we are enabling users of our platform to
participate as investors in Voleo’s future. Our team has been asked
about this since Voleo’s soft-launch, and we have made it a
reality.”
Voleo has seen an increase in the number and
quality of participating colleges in Voleo’s equity trading
competition sponsored by Nasdaq. This third edition features
teams from Columbia, MIT, Yale, Wharton, Berkeley, University of
Michigan, NYU, Cornell, Duke and dozens more. The competition
wraps up in March 2020 and the winning team will be invited to
Nasdaq’s Market Site in Times Square as well as receive a cash
portfolio on Voleo’s social trading platform. Voleo is an
ideal way for young investors to start preparing for their
financial future, either among peers or with friends or family.
Concurrently, the Company is developing new
responsive web app which is being optimised for white-label and
facilitates integration into third party banking applications. The
responsive platform, which is the biggest improvement to Voleo’s
platform since the production apps were built in 2016, is slated to
launch in the first quarter of 2020.
About Voleo Trading Systems
Inc.Voleo is a mobile fintech company that is transforming
the retail investing space through its powerful, collaborative
investing platform. Voleo's equity trading platform operates on
native iOS and Android devices, as well as a companion web
application. Voleo has increased retail investor participation in
the stock market by breaking down barriers to entry, facilitating
trust and improving financial literacy. The product is being
white-labeled by financial institutions around the world as an
innovative product to engage, retain and acquire retail
customers.
About Voleo USA, Inc.Voleo USA, Inc is a member
of Financial Industry Regulatory Authority
(FINRA) and Securities Investor
Protection Corporation (SIPC). Security products are not
FDIC insured, not bank guaranteed, and will fluctuate in value. We
do not solicit, recommend, or offer investment advice. Check the
background of Voleo USA, Inc. on
FINRA's BrokerCheck.
For more information on Voleo, please visit our
Investor Relations website at ir.myvoleo.com.
ON BEHALF OF THE VOLEO BOARD
“Thomas Beattie”Chief
Executive Officer
|
Voleo is
part of the King & Bay group of companies. King & Bay is a
merchant bank that specializes in identifying, funding, developing
and supporting growth opportunities in the technology, resource,
aviation, and sectors. |
For further information regarding this press
release, please contact:
Voleo Investor
Relations1-866-684-6730investor.relations@myvoleo.com
Cautionary Note Regarding
Forward-Looking Information
Certain statements contained in this release
constitute forward-looking statements and forward-looking
information (collectively referred to herein as "forward-looking
statements") within the meaning of applicable Canadian securities
laws. Such forward-looking statements relate to future events or
Voleo Trading Systems Inc’s (the “Company”) future performance and
the integration of cryptocurrency trading. All statements other
than statements of historical fact may be forward-looking
statements. Such forward-looking statements are often, but not
always, identified by the use of words such as "seek",
"anticipate", "budget", "plan", "continue", "estimate", "expect",
"forecast", "may", "will", "project", "predict", "potential",
"targeting", "intend", "could", "might", "should", "believe" and
similar expressions. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements. Voleo believes the expectations
reflected in those forward-looking statements are reasonable but no
assurance can be given that these expectations will prove to be
correct and such forward-looking statements included in this
release should not be unduly relied upon. These forward-looking
statements speak only as of the date of this release, or as of the
date specified in the documents incorporated by reference into this
release, as the case may be. In particular, this release contains
forward-looking statements pertaining, but not limited to:
expectations as to future operations of the Company, future market
trends, growth opportunities, the Company’s go to market strategy,
future partnerships, new initiatives and innovations of the
Company, product offerings, the expected operations and performance
of the Company’s business, expected user growth, and the timing of
key development milestones.
With respect to forward-looking statements
contained in this release, the Company has made assumptions
regarding, among other thing: the accuracy, reliability and
applicability of the Company’s business model; the timely receipt
of governmental approvals, including the receipt of approval from
regulators in Canada and the United States; the timely commencement
of operations by the Company and the success of such operations;
the ability of the Company to implement its business plan as
intended; the legislative and regulatory environments of the
jurisdictions where the Company will carry on business or have
operations; the impact of competition; and the availability of
financing to execute the business plan. The Company has included
the above summary of assumptions and risks related to
forward-looking statements provided in this release in order to
provide investors with a more complete perspective on the Company’s
current and future operations and such information may not be
appropriate for other purposes.
The live Voleo platform is currently limited to
U.S. residents. Investors should be aware that investing through
clubs requires that members of a club vote in accordance with the
conditions of their respective partnership agreements, and that
other factors including platform performance, execution price,
order and account access times are affected by many factors,
including connectivity, market volatility, the size and type of
order(s), market conditions, system performance, and other factors.
Investors should carefully consider the risk profile of ETFs before
investing in them, and read the prospectus from the issuer before
investing in an ETF. Penny stocks may trade infrequently, which
means that it may be difficult to sell penny stock shares once you
own them. Moreover, because it may be difficult to find quotations
for certain penny stocks, they may be difficult, or even
impossible, to accurately price. For these, and other reasons,
penny stocks are generally considered speculative investments.
Consequently, investors in penny stocks should be prepared for the
possibility that they may lose their whole investment.
Readers are cautioned that the foregoing lists
of factors are not exhaustive and it would be unreasonable to rely
on any such forward-looking statements and information as creating
any legal rights, that the statements and information are not
guarantees and may involve known and unknown risks and
uncertainties, and that actual results may differ (and may differ
materially) and objectives and strategies may differ or change from
those expressed or implied in the forward-looking statements or
information as a result of various factors. The forward-looking
statements contained in this release are expressly qualified by
this cautionary statement. Except as required by applicable
securities laws, the Company is not under any duty and do not
undertake any obligation to publicly update or revise any
forward-looking statements after the date of this release or to
conform such statements to actual results or to changes in the
Company’s expectations and the Company disclaims any intent or
obligation to update publicly any forward-looking statements,
whether as a result of new information, future events or results or
otherwise.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this release.
Voleo Trading Systems (TSXV:TRAD)
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