Deploy Technologies Inc.
CSE : DEP
CSE : DEP.CN
CNSX : DEP

August 03, 2017 18:25 ET

Deploy Announces Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 3, 2017) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Deploy Technologies Inc. (CSE:DEP)(CSE:DEP.CN)(CNSX:DEP) ("Deploy" or the "Company") announces that Murray Simser has resigned as Chief Executive Officer and director of the Company. The Company announces that Dong H. Shim has been appointed Chief Executive Officer and Darren Tindale has been appointed to the Board of Directors effective immediately.

The Company would like to thank Murray Simser for his service to the Company and wishes him well in his future endeavours.

Mr. Shim is a Chartered Professional Accountant (British Columbia) and Certified Public Accountant (Illinois) in the United States. Mr. Shim is the President of Golden Tree Capital Corp. and SHIM Accounting Corporation with a primary focus on business advisory, corporate consulting and regulatory filings both in the United States and Canada. Mr. Shim served as the CFO of Deploy Technologies Inc. from March 2014 to July 2016 and the interim CFO from December 2016 to March 2017.

Mr. Shim remains a director of the Company and Mr. Tindale remains the Company's Chief Financial Officer.

About Deploy Technologies Inc.

Deploy is incorporated in the State of Nevada, and is a listed issuer on the Canadian Securities Exchange. Deploy Technologies Inc. develops leading edge technologies with a vision of future market needs. To date it has developed a comprehensive suite of products focused on Fleet Data Management and Weigh Systems solutions designed for the industrial transportation market. On May 16, 2017 Deploy announced plans to acquire Nevada Medial Group LLC ("NMG") through a reverse takeover and change of business. It plans to complete a $10 million financing, via subscription receipt, to fund the transaction. Company reporting information can be found on the Company's website (www.deploy.ca), CSE (www.thecse.com), and SEDAR (www.sedar.com), as well as on the OTC Markets (www.otcmarkets.com).

Disclosure and Caution

Further details about the proposed Transaction, the Concurrent Financing and the resulting issuer will be provided in a comprehensive press release when the parties enter into a definitive agreement and in the disclosure document to be prepared and filed in respect of the Transaction. Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.

All information provided in this press release relating to NMG has been provided by management of NMG and has not been independently verified by management of the Company. As the date of this press release, the Company has not completed a definitive agreement with NMG and readers are cautioned that there can be no assurances that a definitive agreement will be executed, or that the Transaction will be completed.

Completion of the proposed Transaction is subject to a number of conditions, including receipt of appropriate regulatory approvals. The Transaction cannot close until the all such conditions are satisfied. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the transaction, any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in securities of Deploy Technologies Inc. should be considered highly speculative.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the completion of the contemplated licensing applications, the state of the cannabis market in Nevada and more generally in the jurisdictions in which NMG operates, the parties' due diligence reviews prior to entering into any definitive agreement, if such an agreement is entered into, and general market conditions - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

We seek safe harbour.

Contact Information