SOURCE: Voleo Inc.

Voleo Inc.

August 03, 2017 09:00 ET

Voleo Announces Collaborative Competition for University Students in the US

Inaugural US trading competition to kick-off with Nasdaq in Fall 2017

NEW YORK, NY--(Marketwired - August 03, 2017) - Voleo Inc. ("Voleo") is pleased to announce that Voleo and Nasdaq, a global provider of trading, clearing, exchange technology, listing, information and public company services, will launch the Voleo Nasdaq Equity Trading Competition fall 2017. Voleo and Nasdaq will engage millennial investors by demystifying the barriers and risks through transparent and collective investing. The Competition is a national, simulated investment challenge targeted at university students in the United States and conducted through the Voleo SimuTrader platform, which utilizes the Industry-leading Nasdaq Basic product.

The platform enables teams to deploy hypothetical currency to build a portfolio of shares and ETFs to learn about the equity markets and public companies while competing for pride and prizes.

"Millennials look to be more nimble, agile and mobile when it comes to investing. Investment platforms integrated into their lives are a key part of securing investments from that generation and beyond. It's all about innovative experiences that provide clear upside," says Bjorn Sibbern, Executive Vice President of Nasdaq's Global Information Services unit.

Voleo's sophisticated group investment platform enables users to combine their assets and knowledge to invest together with people they know and trust. Directly from their mobile phones, tablets or computers, users are able to propose, discuss and vote on trades in publicly listed stocks and ETFs, wherever and whenever they want, with the majority effecting trades automatically. Adding a competitive element to a collaborative platform, each person's decisions are tracked and hypothetical positions managed so they can learn and prove to their friends how things would have gone if everyone had listened to them. The transparency builds a community where top performers can be followed, and the best ideas validated with peers.

"It is a privilege to see Voleo's social trading app being used to improve financial literacy across the United States," says Thomas Beattie, CEO. "A lack of knowledge is frequently cited by the underinvested, and one of the purposes of this competition is to support university students as they prepare for life after graduation. The Voleo Nasdaq Equity Trading Competition hopes to spur thousands of participants in taking positive steps toward a better financial future through the experience they want and need. And with Nasdaq Basic, these students will have access to real-time, accurate data to compete with each other."

Voleo has increased retail investor participation in investments across North America by breaking down barriers to entry, facilitating trust, and improving financial literacy. Suitable for both active or passive investing, there are clear advantages to collaboration that include splitting fees, achieving better diversification, and leveraging collective knowledge through what is often coined the wisdom of crowd.

Students interested in getting involved can sign up as an ambassador at www.myvoleo.com/voleonasdaq, where full contest terms and conditions will be posted.

About Voleo

Voleo Inc. (Voleo) is a mobile-focused fintech application company. Its mission is to create a social investment network enhancing connectivity, transparency, convenience, and collaboration among investors. Voleo's equity trading platform operates on mobile applications available on iOS and Android smartphone devices plus companion web app.

About Voleo USA

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 website at www.myvoleo.com

ON BEHALF OF THE VOLEO BOARD

"Thomas Beattie"
Chief Executive Officer

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 Inc's (the "Company") future performance. 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, the expected operations and performance of the Company's business, impact of governmental regulation, anticipated revenues, expected user growth, expected operating costs, general administrative costs, costs of services and other costs and expenses, 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.

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.

Contact Information

  • For further information regarding this press release, please contact:

    Voleo Inc.
    Thomas Beattie, Chief Executive Officer
    T: +16047806136
    E: thomas@myvoleo.com
    www.myvoleo.com