IT News Online – AMPD Ventures Inc. Retains Red Cloud Securities for Marketplace Liquidity Services
VANCOUVER, BC / ACCESSWIRE / January 12, 2022 / AMPD Ventures Inc. (“AMPD” or the “Company”))(CSE:AMPD)(OTCQB:AMPDF)(ENG:2Q0), a next-generation digital infrastructure provider, is pleased to announce that, subject to regulatory approval, it has retained the services of Red Cloud Securities (“Red Cloud”) to provide market making services to the Company in accordance with the policies and guidelines of the Canadian Securities Exchange (CSE) and other applicable laws. Red Cloud is a Toronto-based financial services company that helps companies access capital markets and improve their business profile. Red Cloud will trade shares of AMPD Ventures Inc. on the CSE in an effort to maintain a fair market and improve the liquidity of AMPD common stock.
Under the agreement, the Company will pay Red Cloud $5,000 per month during the term, payable quarterly in advance. The term of the commitment is ongoing and may be terminated by either party upon 30 days written notice. Company and Red Cloud have an arm’s length relationship, but Red Cloud and/or its customers may have an interest, direct or indirect, in AMPD’s securities. The agreement is primarily intended to maintain market stability and liquidity for the common shares of the Company and is not a formal market making agreement. There are no performance factors contained in the agreement between Red Cloud and the Company and Red Cloud will not receive any shares or options from the Company in compensation for the services it renders.
About Red Cloud Securities
Red Cloud Securities Inc. is registered as a broker-dealer in Ontario, Quebec. Alberta and British Columbia and is a member of the Investment Industry Organization of Canada (IIROC). It focuses on providing unique comprehensive capital market services and innovative financing alternatives. The company was founded by capital markets professionals who designed the business to serve small public and private companies. This solution is a comprehensive platform that provides a full range of conflict-free enterprise access services. Offering these services as a unified platform provides the ultimate value proposition for issuing clients.
About AMPD Ventures Inc.
AMPD is a next generation infrastructure company. With state-of-the-art, high-performance computing solutions housed in sustainable urban data centers, AMPD is leading the transition to the next generation of computing infrastructure. Through a combination of Infrastructure as a Service (“IaaS”) and an upgraded high-performance cloud offering, we meet the low latency requirements of multiplayer video games and esports, computer graphics rendering, artificial intelligence, machine learning, mixed reality technologies, big data processing and unexplored technological developments of decades to come. Additional information is available on SEDAR and on our website at www.ampd.tech.
For more information, please contact Investor Cubed Inc.:
Neil Simon, CEO
Telephone: (647) 258-3310
Email: [email protected]
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Anthony Brown”
CEO and director
AMPD Ventures Inc.
Email: [email protected]
This press release contains statements and information that constitute “forward-looking information” within the meaning of Canadian securities laws. Forward-looking information is based on our management’s reasonable assumptions, estimates, analyzes and opinions made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes relevant and reasonable. in the circumstances as of the date such statements are made, but which may prove to be incorrect. Forward-looking information in this press release includes statements about the synergies expected from the acquisition and the benefits to our business that we expect from the addition of Departure Lounge, and any other statements that are not statements of historical fact. .
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause AMPD’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the information. prospective. These factors include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties; uncertainties regarding the development and direction of cloud computing solutions; uncertain capital markets; other risks relating to a party’s inability to perform its obligations under the Share Purchase Agreement, as well as the factors discussed in the section titled “Risk Factors” in the Registration Form Statement 2A of the Company dated October 17, 2019 and “Risks and Uncertainties” in the Company’s most recent MD&A filed on SEDAR.
Although the forward-looking information is based on our management’s reasonable assumptions on the date such statements are made, there can be no assurance that the acquisition will produce the anticipated benefits, or that the forward-looking information will prove to be accurate, as the results and future events could differ materially from those anticipated in this forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. AMPD does not undertake to update or revise any forward-looking information except in accordance with applicable securities laws. All forward-looking information contained in this press release is qualified by this cautionary statement.
THE SOURCE: AMPD Ventures Inc.
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