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Victory Square Technologies Reports 2018 Year End Results And Files CEO Letter to Shareholders

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  • Results show significant increases in Revenue, Investments, Cash and Working Capital
  • Year highlighted by investment and acquisition of 11 new private companies in 2018
  • $10,000,000 convertible note to build, develop and create long-term value for portfolio companies and VST shareholders.

VANCOUVER, British Columbia, Aug. 21, 2019 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF) successfully filed its annual consolidated financial statements for 2018 along with its MD&A on Friday, August 16th, 2019. The Company will also be filing its interim financial report and MD&A for the quarterly period ended March 31st, 2019 on or before Friday, August 23rd, 2019.

In a letter to Victory Square shareholders, Chief Executive Officer Shafin Diamond Tejani pointed to significant year-over-year increases in revenues, investments, cash and working capital. The 2018 fiscal year was marked by the addition of 11 new private companies to the Victory Square portfolio (either through investment or acquisition).

Tejani noted a series of financial highlights in his letter to shareholders, including that:

  • Revenue increased by $3,746,522 or 505.48%
  • Portfolio Investments increased by $4,883,293
  • Cash and short term investments increased by 37.62% to $3,736,683
  • Working capital increased to $3,128,864

“The complex nature and scope of the investments in and acquisitions of 11 private companies during Fiscal 2018 created substantive delays in the filing of our audited financial statements,” said Tejani. “We apologize for any inconvenience caused by these delays and will take the requisite steps to ensure that we never again experience that kind of a bump in the road. We are already heading down the path of infrastructure and process improvements that will ensure that we are able to make the most of all of the opportunities before us in 2019 and beyond.”

LETTER TO OUR SHAREHOLDERS

Dear Fellow Shareholders,

The three years since we became Victory Square Technologies have been transformational for our company. The results of our growth since 2016 sees us emerging as a strategically focused group of businesses linked by the power of innovative technologies. Victory Square has teams operating across more than 20 countries.

As is often the case, increased growth leads to greater challenges and we certainly faced those head-ons in recent months. As many of you are aware, a failure-to-file cease trade order in Canada was issued for Victory Square as the result of delays in the filing of our annual audited financial statements for the year ending December 31st, 2018.

Simply put, the nature and scope of the investment in or acquisition of 11 private companies during 2018 meant that our auditors required far more time than expected to complete our Victory Square audit. In our race to change the game, we underestimated the complexities involved in expediting the growth of our portfolio of companies. We apologize for any inconveniences caused by these delays and we’re committed to ensuring we are better prepared for these unforeseen bumps in the road.

We recognize of course that growing is learning, especially in the fast-paced tech sector. Take comfort in knowing that the challenges associated with building such a unique roster of high tech companies and startups have already led to operational, leadership and organizational changes over the past year. Our centralized management team and support and advisory resources have always been one of the big strengths of Victory Square. We will certainly continue to ensure that we are as strong on all aspects of the stewardship required to achieve our collective goals.

We have emerged from this difficult year with a clear view of what’s most important for us to drive future value creation and tangible improvements to our cash flow. Given that we continue to make substantial investments across our business in support of future growth, process and compliance will take on even greater significance to the team at Victory Square. We are confident that with your support, we will parlay these early positive trends into strong momentum over the course of 2019, 2020, and beyond.

To that end, we believe that the actions the Victory Square team took in fiscal 2018 have created exactly that: Growing momentum toward a more successful future.

Here are some financial and investment highlights that validate that perspective shared by our centralized management team:

2018 Financial Highlights

  • Revenue increased by $3,746,522 or 505.48%
  • Portfolio Investments increased by $4,883,293
  • Cash and short term investments increased by 37.62% to $3,736,683
  • Working capital increased to $3,128,864

2018 Investment Highlights:

During the fiscal year 2018, the company added investments in or acquisitions of 11 private companies:

Name Vertical
Co-Pilot (formerly Cassia Research) Automated Lead Gen (SaaS)
Multiplied Networks SD-WAN
V2 Games Inc. e-Gaming/Esports
Payvida Solutions Inc. Payments/Lending
Howyl Ventures Inc. Software Development
Shape Immersive Inc. Augmented Reality (AR)/Cloud
Flo Digital Inc. Virtual Reality/Advertising
Limitless Technologies Inc. Cyber Security/VPN
TaloFlow (formerly LocoNoco Inc.) Cloud Optimization
Cloud Benefit Solutions Inc. Insurance/Benefits
Grow Tech Labs Inc. AgTech/Health

The success of Victory Square is anchored in the dynamic combination and synergies of people, ideas and capital. Going forward into 2019 — armed with access to a $10,000,000 convertible note — we are well equipped to leverage these resources to successfully build, develop and support companies in the global technology sector with the objective of creating long-term value for Victory Square, its network of companies and its shareholders.

Ultimately, Victory Square’s team is committed to incubating and building a new breed of companies set to become the next decade’s technology giants. Thank you for your ongoing support of our vision. We are committed to nothing short of excellence in the weeks, months and years ahead.

Shafin Diamond Tejani, Chief Executive Officer
Victory Square Technologies

Check out VictorySquare.com and sign up to VST’s official newsletter at VictorySquare.com/newsletter.

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits.

VST’s sweet spot is the cutting-edge tech that’s shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using AI, VR/AR and blockchain to disrupt sectors as diverse as fin-tech, insurance, health, and gaming.

What we do differently for startups

VST isn’t just another investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you’ll scale and be ready to monetize.

What we do differently for investors

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSTQF). For investors, we offer early-stage access to the next unicorns before their unicorns.

Our portfolio represents a unique liquid and secure way for investors to get access to the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides. For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

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TradersEXPO, New York | OptionsGeek’s Founder, Felix Frey, to Speak

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TradersEXPO New York

TradersEXPO New York

NEW YORK CITY, Mar. 1, 2019/   – OptionsGeek is pleased to announce that founder Felix Frey will speak at TradersEXPO New York March 10 – 12, 2019 | New York Hilton Midtown.

Felix, a Wharton graduate with a 20+ year Wall Street career will discuss “The Options Secret Used by the Top 1% to Gain Edge” on Monday, Mar. between 11, 3:30 PM – 4:15 PM EST. He’ll clarify the confusion in the options industry and reveals why most investors are at an insurmountable disadvantage.

We asked Felix what investors can expect to gain from his presentation, he responded, “Knowledge.”

“Knowledge is power. In this game, there’s a fine line between actually knowing what you’re doing and guessing.  Most people are guessing, which leads them to guaranteed losses. Now, think about what role the OIC plays in the whole game. Answer that and you get close to the secret.”   

Felix will be in good company at the TradersEXPO with fellow speakers John Bollinger, Jon Najarian, Amelia Bordeau, Mike Denver, and so many more. For 20 years, the TradersEXPO has offered the best education beginner, experienced, and advanced traders can get and this year looks set to be even better. For the 20th anniversary of the event you can expect to find innovative new products and strategies, expertise on all areas of trading, and incredible networking opportunities.

Can’t make it to New York? You can register to watch Felix speak via this link: https://conferences.moneyshow.com/tradersexpo-new-york//live-stream/registration/?email=&scode=047358

About MoneyShow

MoneyShow – Invest Smarter, Trade Wiser is the largest global network of investment and trading expert education. The privately held financial media company was founded in 1981 and is headquartered in Sarasota, Florida, USA. Each year, MoneyShow’s roster of live and online events attract more than 70,000 investors, traders, and financial advisors who gather with top market experts in dynamic, face-to-face and online learning forums worldwide. For more information, visit www.moneyshow.com Facebook: Follow MoneyShow Twitter: @MoneyShows Instagram: @MoneyShows LinkedIn: MoneyShow

About Felix

Felix Frey is a Wharton graduate with an accomplished 20+ year Wall Street career. He’s worked on derivative desks at Swiss Bank O’Connor and Bank of America, where he advised top investment managers on the risk and rewards of options. At Bank of America, Felix also risk-managed a billion dollar options portfolio providing liquidity to top clients. In 2007, he joined Scoggin Capital Management and spent almost a decade sitting next to two of the most successful money managers over the last 30 years. Currently, Felix is the founder of OptionsGeek, an options educational platform that offers a new and improved options chain, institutional quality trading ideas, and some of the best Options Education on the market.

About OptionsGeek LLC

OptionsGeek LLC offers a complete options training platform offering students and traders the options tool required to succeed, quality trading ideas to profit, and the best options education that ties it all together. OptionsGeek introduces brand new concepts and a more exciting delivery for all investors interested in better managing their risk and increasing their reward.

Featured Image: Facebook

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LiteLink Selected by Deloitte as Blockchain Delivery Group LiteLink Selected by Deloitte as Blockchain Delivery Group

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VANCOUVER, British Columbia, May 24, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a leader in logistics, artificial intelligence and digital payment solutions is pleased to announce that it has been selected by Deloitte Canada to bring technical experience to key client engagements.

This collaboration has already generated a successful client engagement, as Deloitte and LiteLink have effectively delivered a blockchain solution in the supply chain, logistics space for a key public sector client. This Minimum Viable Product (MVP) was built on Quorum, permission, enterprise-grade fork of the Ethereum public blockchain platform developed by J.P. Morgan.

Deloitte began identifying a suitable use-case with their client in late 2017 to validate the alignment of the problem with the technology. This solution enables a shared trusted record of immutable, transparent data between participants to drive operational efficiencies in an existing process that is manual and involves multiple stakeholders. The solution also allows the automation of activities with the use of smart contracts creating further efficiency gains amongst parties.

“LiteLink collaborated with Deloitte to be an early adopter seeking out Clients that had a real need for the use of blockchain. We found a very necessary use case to drive immutable audit trails and mission-critical workflows to drive the cost of human error and leakage down in a multinational setting,”

said Jason Lawrence, LiteLink CTO.

“These types of relationships with Deloitte are exceptionally important to gain access to large enterprise opportunities where we can leverage each other’s strengths, economics, and talent pool to drive out the best blockchain solutions for our customers,”

commented LiteLink CEO Ashik Karim.

“Supply chains and logistics systems in both the private and public sectors are rife with opportunities to be revamped and reimagined. By applying Blockchain technologies as an innovative and effective tool to lead this overhaul, Deloitte is pleased to team up with companies like LiteLink to bring more value to shareholders and ratepayers,”

said Don MacPherson, Engagement Partner at Deloitte.

LiteLink combines deep industry experience in Logistics with leading-edge technologies to create an ecosystem of shippers, third-party logistics companies, and trucking carriers to operate together with a reduced effort, lower cost, and greater predictability. LiteLink has also established a core blockchain team in British Columbia that has found practical applications for the use of blockchain in logistics, supply chain, and rating.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. For more information about LiteLink Technologies Inc., please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information and do not represent any statements or information from Deloitte. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

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MYbDAIRY SMART FARMS TO START PRE IEO ON 11 SEPTEMBER 2019

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Dubai, UAE, September 5, 2019 – MYbDAIRY Smart Farms is going to begin Pre IEO sale of MYBD Token on 11th September 2019 before the official launch of Initial Exchange Offering (IEO).

The Pre IEO phase is an exclusive opportunity to purchase MYBD Token at discounted rates before it lists on exchanges for IEO. Three million hard cap has been reserved for Pre-IEO sales, and the phase will end as soon as all tokens get purchased. No more tokens will be issued. Hence users have to avail the offer on a first-come, first-served basis. The ending date of presale of MYBD Token is 10th November 2019.

MYbDAIRY Smart Farms have made ultimate efforts to ensure fair distribution of tokens avoiding its snapping by a few individuals. The amount of MYBD Tokens available during the presale is 40% of the total cap whereas, each token’s fixed value is 1 cent of a US dollar.

Also win 100 MYBD Tokens only by registering yourself at MYbDAIRY from 6th September 2019 to 10th September 2019.

The next-generation platform also offers referral bonuses for a startling experience, as follows:

Your Own Buying 11-30 Sep’2019 01-20 Oct’2019 21 Oct – 10 Nov
$5,000 30% 20% 10%
$1,000 20% 10% 5%
$500 10% 5% 5%

 

You can also get further details at http://mybdairy.com. The MYBD Token is designed to assist users and consumer industry in terms of payment and transparency.

Funds raised through presale and IEO will enable MYBD to accelerate its growth whilst bringing the organization closer to its ultimate goal of branding, distribution, and expansion in other regions. It will promote nutrient-dense dairy products, and a secure payment system to empower retail and corporate customers to use its utility token in day-to-day life.

“We believe that MYBD Token will eventually become the significant mode of payment. It will encounter users with reliable, fast, and convenient payment and will help it flourish across borders, aiming to empower the world with nutrient-rich food,” CEO MYbDAIRY Smart Farms asserted.

About MYbDAIRY Smart Farms:

Based on state-of-the-art Artificial Intelligence and Blockchain technology, MYbDAIRY Smart Farms is a compelling physical project that allows people to know what their glass of milk contains. With Dutch Origin Cows reared at a pleasant atmosphere in South East Asian farms, it produces high-quality dairy products.

Here, the mental and physical health conditions of animals are monitored throughout the clock with AI smart bands. The advanced technology not only increases the revenue with enhanced quantity but also provides a sustainable future with nutrient-rich milk and related products.

The infused blockchain technology in farms enable consumers, shoppers, investors, and other users to have swift access for tracking the quality, offering ultimate credibility. The immutability feature of blockchain technology eliminates the risk of data tampering, too, ensuring a healthy future for you and your next generations. 

For more information, visit MYbDAIRY website or contact:

MYBD Project Director Mr Zulfiqar Ahmed

info@mybdairy.com

+97142218833

704 Twin Towers, Baniyas Road Deira, Dubai UAE

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NetCents Technology Announces Closing of a Non-Brokered Private Placement

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Vancouver, British Columbia–(Newsfile Corp. – September 26, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”) today announced the closing of a non-brokered private placement financing (the “Financing“) of 500,000 units of the Company (each, a “Unit“) at a price of CDN$0.45 per Unit, with each Unit being comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (each whole warrant, a “Warrant”), for total gross proceeds of CDN $225,000. Each Warrant is exercisable for one additional Common Share of the Company (each, a “Warrant Share“) at an exercise price of $0.55 per Warrant Share for a period of five (5) years.

The Common Shares and Warrants issued under the Financing, and the Warrant Shares issuable upon exercise of the Warrants, are subject to a hold period that expires on January 25, 2020.

The proceeds of the Financing are for the Company’s general working capital. In connection with the Offering, the Company may pay finder’s fees.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About NetCents

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”), the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC.

For more information, please visit the corporate website at www.net-cents.com or contact Investor Relations at investor@netcents.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Please visit the company’s website at www.net-cents.com. For a free report on NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) visit cryptocurrencynews.com

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uBUCK Technologies Announces Strategic Partnership With U.S. Prepaid Platform PreWay uBUCK Technologies Announces Strategic Partnership With U.S. Prepaid Platform PreWay

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VANCOUVER, British Columbia, May 10, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF) is excited to announce that, through its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK”), it has entered into a strategic definitive agreement with U.S. prepaid platform, PreWay DBA UGO Hub.

uBUCK Pay, the ultimate digital wallet, allows customers to make online purchases at supported merchant stores, bars and restaurants, cash withdrawals at ATMs and send transfers around the globe without any transfer fees. At present, to obtain uBUCK vouchers, customers must log into their uBUCK Pay app to purchase pin vouchers using a credit card and then they may redeem their vouchers to convert it to uBUCK cash.

This partnership with PreWay will offer a distribution method that is unique in the digital payment space and allows uBUCK to serve the underbanked community in North America by giving users the option to purchase uBUCK vouchers in cash at nearly 7,000 convenience stores across the U.S. The deal will also give uBUCK customers access to discounted top-tier brand gift cards that can be purchased through the uBUCK app.

uBUCK offers a payment alternative for the unbanked and underbanked community. 32.6 million Americans and close to 6 million Canadians fall in this category. uBUCK is planning on rolling its service out to Southeast Asia, with only 47% of the population having a bank account and in the Philippines where it has 77% of the population unbanked according to a recent survey by BSP.

“uBUCK is committed to serving the unbanked and underbanked community in starting with North America, said uBUCK president and CEO James Youn. “uBUCK Tech is democratizing the financial system by having the uBUCK pin vouchers available at your local convenience store in addition to buying it from the uBUCK App directly.”

Customers will be able to purchase uBUCK pin vouchers with cash, credit or debit cards. uBUCK cash can be sent anywhere in the world within the uBUCK platform with no transfer fees. The receiver of those uBUCK cash tokens can be used to load a debit card and spend it just as they would any credit card or make a withdrawal at any ATM around the world.

“PreWay looks to market this product to its client base of convenience stores and other resellers as a product that will enhance door swings for the convenience store and having them on the platform serves the public with an option not currently being addressed by the competition,”

said Rodger Kean, VP Sales & Marketing at PreWay Prepaid.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (CSE:LLT)(FRA:C0B:FF) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies. Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free.

About uBUCK Technologies SEZC

uBUCK Pay is a worldwide online payments platform and pin voucher solution that serves as a payment alternative for consumers and merchants. uBUCK Pay is a secure and fast method for making payments and transfers and serves as a digital alternative to traditional payment methods like checks, money orders and wire transfers.

About PreWay

W.L. Petrey Wholesale, established PreWay in 2004 to meet the rising demands of its customer base in the telecomm and prepaid industry. PreWay’s mission is to be a preferred solutions provider that delivers full-service advantage to both its merchants and business partners. PreWay is 100% committed to offering the best services and programs to all markets serviced. PreWay has a simple mission; we want to grow your sales by providing products and services that deliver you results. The diverse consumer-based product and financial services you’ll receive from PreWay is unmatched and will without a doubt, expand your business. PreWay’s proven track record speaks for itself, servicing close to 7,000 retail locations nationwide.

For more information about LiteLink Technologies Inc. (CSE:LLT)(FRA:C0B:FF), please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com. For details about uBUCK Pay, please visit ubuckpay.com.

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website https://www.sec.gov/. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release.

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uBUCK Technologies Completes First Tranche of Private Placement

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VANCOUVER, British Columbia, Sept. 30, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its subsidiary uBUCK Technologies SEZC (“uBUCK”) has closed the first tranche of a non-brokered private placement previously announced on September 23, 2019.

In connection with the placement, uBUCK issued 800,000 preferred shares to a strategic investor at a price of $0.50 per share for gross proceeds of US$400,000. Under the terms of the investment, uBUCK expects a minimum investment of US$1,500,000 will be made in exchange for 3,000,000 preferred shares at a price of US$0.50 per share by June 30, 2020. The investor will also have the option to invest an additional US$2,500,000 for a total of 8,000,000 preferred shares at a price of US$0.50 per share by September 30, 2021

uBUCK intends to use the gross proceeds of the private placement to complete the development of the uBUCK and Streambucks digital wallets, accelerate growth, increase customer acquisitions, and conduct additional product testing.

The private placement is a non-dilutive transaction for LiteLink shareholders.  Completion of additional investments is subject to all necessary regulatory approvals.

The initial investment of US$1,500,000 would give the investor a 6% ownership in uBUCK, and an additional US$2,500,000 investment would result in a 16% ownership in uBUCK, based on the total outstanding equity in uBUCK. The preferred shares come with first rights to dividends of 6% (of the amount invested) and first claims to assets up to the investment in case of liquidation.

About uBUCK Technologies SEZC

Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digital payments and wallets. uBUCK Pay, its online payments platform and pin voucher solution, offers consumers, businesses and merchants a fast, commission-free and highly secure alternative to traditional payments.  Customers can purchase pin vouchers within the uBUCK Pay app or at participating resellers. For details about uBUCK Pay, please visit uBUCKpay.com.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries.  Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink and uBUCK, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.  Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

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LiteLink Announces Launch of PerfectRoute, a Route Planning and Fleet Optimization Solution

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VANCOUVER, British Columbia, Oct. 15, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B, a key player in logistics and payment solutions, is pleased to announce PerfectRoute, a delivery route planning and fleet optimization solution for all types of vehicles designed for last-mile delivery, powered by the 1SHIFT Logistics platform.

With the global route optimization software market expected to reach US$5.07 billion by 2023, compounded with today’s increasing pressure to lower costs of transportation and logistics.

Route optimization will be provided to enterprise customers via Litelink’s flagship 1SHIFT platform, but also as a standalone offering in a simple monthly subscription format under the second brand ‘Perfect Route,’ guaranteeing the best route for any delivery to achieve the lowest delivery costs.

1SHIFT’s route and truck optimization features will be available to the mass market this quarter in 2019, which customer trials currently taking place at this time.

PerfectRoute is a true self-service SaaS offering from Litelink focused on user simplicity and immediate response of the best fit optimized route to take. To access this feature, any user can upload any number of pickup and drop-off locations, and simply click ‘Optimize’ to generate the most efficient planned route to take. The key differentiator is a ‘truck optimizer feature’ that estimates how many trucks are required to ship al customer orders minimizing wastage and cost.

“While onsite with a customer implementing our flagship platform 1SHIFT Logistics, we noticed the time and effort being spent each day manually figuring out how many trucks and customer orders were required for planned truck routes. It is clear the owners are very reliant on two critical resources and an array of manual steps,”

stated Shanila Karim, head of 1SHIFT Customer Success.

“We are very excited about the launch of our new product PerfectRoute, which will solve some of the key biggest challenges faced by last-mile delivery businesses,” said LiteLink CEO Ashik Karim. “Litelink can continue to focus on rolling out 1SHIFT Logistics to enterprise clients, and now capture even a larger market with a subscription based high value solution like Perfect Route.”

To learn more about PerfectRoute, schedule a demo of the solution or request a 14-day free trial, please visit https://1shiftlogistics.com/1shiftrouting2/ or email kent.churn@1shiftlogistics.com.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. Our route planning and fleet optimization platform PerfectRoute is designed to help last-mile delivery companies better plan deliveries with higher truck utilization.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations.

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LiteLink Signs Trial And Customer Agreement with Large Canadian Nursery Leader, Strengthening Its Position in the Live Product Logistics Industry

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VANCOUVER, British Columbia, Sept. 11, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B:FF), a key player in logistics platforms and payment solutions, is pleased to announce that it has signed a customer trial and a definitive user agreement with one of Canada’s largest nurseries, Brookdale Treeland Nurseries Ltd. (“Brookdale”) to provide Brookdale with the enterprise version of the 1SHIFT Logistics platform. This agreement marks a milestone and a major step forward towards 1SHIFT operating in the tree and nursery industry across North America. Over 3000 nurseries operate in Canada alone. According to IBIS World, the nursery industry yields over $50 billion dollars in revenue, spans across 24,642 businesses and employs over 140,000 employees across the U.S.

1SHIFT powered by LiteLink is an end-to-end logistics management solution that enables shippers and carriers to engage in freight matching, automate daily functions, and achieve real-time visibility into their transportation network. The addition of Brookdale will further LiteLink’s goal to be the dominant logistics platforms used by nurseries across Canada.

As per the agreement, Brookdale will receive full commercial access to the 1SHIFT logistics platform to achieve advanced real-time visibility into tracking and tracing, and route optimization to drive the cost of labor and fuel down, all of which will be integrated into their existing TMS ecosystem. The commercial agreement is perpetual use based and fees are based on the number of transactions occurring in the system. There are no start-up fees or cancellation fees in place.

The agreement states that Brookdale will receive 30 days of free commercial use and trial of the platform starting with advanced visibility, while 1SHIFT completes the customizations required for route optimization and load building features. Brookdale has already begun live trials at this stage.

“The challenges our customers are facing today require greater visibility into their transportation network,” said Ashik Karim, LiteLink’s CEO. “The nursery and tree industries across Canada are ripe for technology that drives shipping efficiencies, automated truck loading plans, route optimizations, and temperature sensors. We have full intention of working through the entire list of over 3000 nurseries, targeting the specific common challenges that this industry is facing today. Starting off with an amazing company like Brookdale is the right major step into this industry.”

“The 1SHIFT Platform first runs look very good and the roadmap looks very promising to driving value for our logistics needs. We look forward to continuing to expand the use of the 1SHIFT features,”

stated Marc Bonnici, Brookdale’s National Distribution Manager overseeing logistics.

About 1SHIFT Logistics

LiteLink’s highly regarded 1SHIFT platform is used by shippers and carriers to engage in freight matching, to gain better visibility into their businesses, and to automate daily functions that were performed manually. The 1SHIFT mobile app is used by truckers to view real-time shipment details and flag any issues, automatically provide the truck’s geolocation using the phone’s GPS capabilities and empower every employee from the shipper, carrier, drivers to deliver more connected, intelligent customer service. The end result is that stakeholders who are monitoring shipments can view an interactive map within 1SHIFT showing the current location and progress of each shipment. 1SHIFT also has a robust audit trail capability employing blockchain technology that provides an immutable historical record of the events surrounding each shipment.

About Brookdale Treeland Nurseries Ltd.

Brookdale is one of the largest and most-respected growers of garden plants in Canada, servicing garden retailers, landscape contractors, municipalities, and golf courses throughout Canada and the northern United States. It has been seeking an advanced freight & shipping visibility platform that can be seamlessly worked in without any start-up costs.

Brookdale is one of the largest and most respected growers of garden plants in Canada and is proud to service garden retailers, landscape contractors, municipalities, and golf courses throughout Canada and the northern United States. Brookdale services customers from three locations in Ontario, one in BC and one in New Brunswick with a total land base of over 700 acres. Through its network of over 300 other growers, Brookdale brings products from around the world to its retail and wholesale clients, some of which are Fortune 500 corporations.

About LiteLink Technologies Inc.

LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF) (FRA:C0B:FF) is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries. LiteLink’s flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies. Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free.

Forward-looking Statement

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties.  Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules, and regulations. 

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uBUCK Technologies Announces Closed Beta Launch for uBUCK Pay

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LiteLink Technologies

LiteLink Technologies

VANCOUVER, British Columbia , May 09, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF), a leader in logistics, artificial intelligence and digital payments, is very excited to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK Tech”) is launching a closed beta for its uBUCK Pay app in June 2019.

uBUCK Pay is a digital wallet and payments platform that serves as a payment alternative for consumers and merchants, with a focus on serving the unbanked and underbanked community.  Users will be able to transfer uBUCK cash to friends and family around the world without paying any transfer fees.

uBUCK cash is also the world’s first stable token backed by the US dollar built on the Waves blockchain platform.  Waves is the world’s fastest blockchain platform, meaning uBUCK customers will be able to top-up accounts, make payments and send transfers faster than competing digital wallets and payment transfer services.

Major Highlights of uBUCK Pay:

  • Asset-Backed – uBUCK cash is backed by one US dollar from the sale of uBUCK pin vouchers.  The US dollars will be stored in trust to offer security and stability and uBUCK customers can cash out their uBUCK cash at any time back into US dollars.
  • Decentralized App – uBUCK Pay runs on a P2P network of computers rather than a single server or a centralized cluster of servers.  Decentralized apps can speed up money management, transfer and lending by eliminating middlemen and enhance security.
  • No Transfer Fees – Unlike other payment platforms, uBUCK Pay doesn’t charge its customers any fees to transfer funds to friends and family.
  • Record-Breaking Transaction Speed – The Waves network has set a blockchain speed record for maximum transactions per day and processed more transactions in 24 hours than any other open blockchain in existence, meaning uBUCK customers can send and receive funds instantaneously.
  • Highly Secure – uBUCK Pay offers multi-factor authentication, biometric and device verification, SSL encryption and Mastercard SecureCode to ensure the highest level of security.
  • Serving the Unbanked and Underbanked – uBUCK offers a payment alternative for the unbanked and underbanked community.  32.6 million Americans and close to 6 million Canadians fall in this category.  uBUCK Tech is planning on rolling its service out to Southeast Asia, with only 47% of the population having a bank account and in the Philippines where it has 77% of the population unbanked according to a recent survey by BSP.

“The closed beta launch of the uBUCK Pay app will be a major milestone for the company,” said President and CEO of uBUCK Tech James Youn.  “We are extremely proud to be the first ever asset-backed stable token on the record-breaking Waves platform running a digital wallet and payment platform. We expect the closed beta will garner some very positive results and look forward to the feedback and full rollout of uBUCK Pay.”

Interested users looking to participate in the closed beta testing for uBUCK Pay can sign up with their email address at https://ubuckpay.com/.

About LiteLink Technologies Inc.
LiteLink Technologies Inc. is a major player in developing world-class enterprise platforms that utilize artificial intelligence, blockchain, and predictive analytics to solve fragmented and outdated technology problems in the logistics and digital payment industries.  Our flagship 1SHIFT logistics platform offers real-time transparency and tracking which allows brokers, shippers, and carriers to track shipments and settle payments in real-time. uBUCK Pay is a multi-currency digital wallet that supports traditional fiat and digital currencies.  Consumers are able to make online and offline purchases using the uBUCK debit card and send funds worldwide for free.

About uBUCK Technologies SEZC
uBUCK Pay is a worldwide online payments platform and pin voucher solution that serves as a payment alternative for consumers and merchants. uBUCK Pay is a secure and fast method for making payments and transfers and serves as a digital alternative to traditional payment methods like checks, money orders and wire transfers.

For more information about LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF), please visit litelinktech.com. If you would like to know more about the 1SHIFT logistics platform, please visit 1shiftlogistics.com. For details about uBUCK Pay, please visit ubuckpay.com.

For further information, contact Bronson Peever at 833-205-6945 ext. 3742 or investor@litelinktech.com.

Forward-looking Statement
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information.  These forward-looking statements or information may relate to the nature of the business of LiteLink, and other factors or information. Such statements represent LiteLink’s current views with respect to future events and are necessarily based upon a number of assumptions and estimate that, while considered reasonable by LiteLink, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements.  LiteLink does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

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