SOURCE: HIT Technologies Inc.

HIT Technologies Inc.

August 09, 2016 08:00 ET

HIT Technologies Announces the Launch of the HITCASE Shield

VANCOUVER, BC--(Marketwired - August 09, 2016) - HIT Technologies Inc. (TSX VENTURE: HIT) ("HIT" or the "Company"), today announced the launch of the newest addition to their powerful product roster, and the world's thinnest waterproof case, the HITCASE SHIELD for iPhone 6/6s and 6/6s Plus, is now shipping. An iPhone 7 version will ship later on this year.

The HITCASE Shield also signals the Company's extension into the mainstream everyday carry waterproof case market. Made out of aluminum, in beautiful metallic colors matching the iPhone, it offers superior protection and great style. Added to this an innovative new patent pending "ShockSeal" design that is much easier to use than competitor products, and replaceable seals to extend the life of the case. This presents a huge opportunity to go beyond the ruggedized segment and crossover into the fashion segment with a fresh brand already recognized as an innovator.

With distribution deals in place including Best Buy Canada and negotiations under way with several large new distributors and retailers globally the company is well positioned for growth. New opportunities for the imminent iPhone 7, and over 400 Million iPhone 5 and 6 based devices in the market we believe that fiscal 2017 will be a tremendous year for the company as it executes on these opportunities.

"We've been working on our vision for the company as a compelling brand with highly differentiated products and we've achieved accolades for our Pro and Snap products. We are very excited to grow both of those businesses on the back of a wider play with a class leading product like Shield in the global 30 billion dollar mobile accessories business," said Brooks Bergreen, CEO of HIT Technologies.

For more information on the Shield or to sign up to be notified of pre order dates see here:

About HIT Technologies Inc.

HIT Technologies Inc. (TSX VENTURE: HIT) develops and markets a portfolio of products under the brand HITCASE® that transform Apple iPhones into high-performing, weather- and shock-resistant devices. Both its, flagship product, HITCASE® PRO and HITCASE SNAP allow users to easily capture action photo and video content hands-free, using a variety of HIT Technologies' patented Railslide® mounts that attach to virtually any surface. Swappable lenses and accessories provide a variety of perspectives otherwise unattainable. HIT Technologies is headquartered in Vancouver, British Columbia, Canada. For more information about HITCASE, visit Search #hitcase on Instagram to see some of the amazing images created by HITCASE customers.

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Forward Looking Statements

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about the Company's anticipated use of available funds, and the future plans and objectives of the Company are forward-looking information.Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, global economic climate; dilution; the Company's limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; theft and risk of physical harm to personnel; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

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