Wishpond Commences Trading on The OTCQB Venture Market
High-growth digital marketing technology company adds OCTQB listing to capitalize on customer and investor interest in the United States.
VANCOUVER, BC, May 12, 2021 – /CNW/ – Wishpond Technologies Ltd. (TSXV: WISH, OTCQB: WPNDF) (“Wishpond” or the “Company”), a provider of “all-in-one” digital marketing solutions that empower businesses to achieve success online, is pleased to announce that it has received approval to begin trading on the OTCQB Venture Market (“OTCQB“). Shares of Wishpond will trade under the ticker “WPNDF” as of May 12, 2021. The OTCQB is a Venture Market that was established as a premier market for early-stage and developing U.S. and international companies to gain exposure to a wider network of investors.
“We are very excited to be expanding our U.S. capital markets strategy and for the opportunities the OTCQB provides to Wishpond’s current and prospective shareholders. In 2020, Wishpond accomplished record annual revenues and commenced trading on the TSX Venture Exchange and has already closed two acquisitions in 2021.” said Ali Tajskandar, Wishpond’s Chairman and CEO. “As we continue to expand our product offerings through strategic acquisitions, we expect our ambitious growth plans to be facilitated by broadening our investor community and increasing our liquidity in the North American markets.”
Over the last three years, Wishpond has achieved an average year-over-year growth rate of 40%+, and is projected to grow more than 70% in 2021 due to Wishpond’s aggressive acquisition and sales expansion strategy. The market for Wishpond’s solutions is large on a global scale as countless small businesses look for ways to start and expand their online sales efforts. In the last year, Wishpond has been a key partner of 2,900+ businesses helping them achieve success online. Currently, 70% of Wishpond’s customers are from the U.S.
U.S. investors can find real-time quotes and market information for the Company at https://www.otcmarkets.com/stock/WPNDF/overview. U.S. investors can learn more about Wishpond’s exciting growth story at – https://www.wishpond.com/investors/. There will be no change to Wishpond’s trading under the TSX Venture Exchange symbol “WISH”.
About Wishpond Technologies Ltd.
Based out of Vancouver, British Columbia, Wishpond is a provider of marketing-focused online business solutions. Wishpond’s vision is to become the leading provider of digital marketing solutions that empower entrepreneurs to achieve success online. The Company offers an “all-in-one” marketing suite that provides companies with marketing, promotion, lead generation, and sales conversion capabilities from one integrated platform. Wishpond replaces entire marketing functions in an easy-to-use product, for a fraction of the cost. Wishpond serves over 2,900 customers who are primarily small-to-medium size businesses (SMBs) in a wide variety of industries. The Company has developed cutting-edge marketing technology solutions and continues to add new features and applications with great velocity. The Company employs a Software-as-a-Service (SaaS) business model where substantially all the Company’s revenue is subscription-based recurring revenue which provides excellent revenue predictability and cash flow visibility. Wishpond is listed on the TSX Venture Exchange under the ticker “WISH”. For further information, visit: www.wishpond.com.
The OTCQB® Venture Market is the premier marketplace for entrepreneurial and development stage US and international companies that are committed to providing a high-quality trading and information experience for their US investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. The ability to have the Company’s shares electronically transferred between brokerages in the US is significantly more convenient and reduces the costs incurred in trading shares. When shares are able to trade electronically, existing investors benefit from greater liquidity and execution speeds, while opening the door to new investors that may have been previously restricted from the Company’s shares.
Forward Looking Disclaimer
Statements that are not reported financial results or other historical information are forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, “forward-looking statements“). This press release includes forward-looking statements regarding the Company, its subsidiaries and the industries in which they operate, including statements about, among other things, expectations, beliefs, plans, future operations, origination of additional targets in which the Company may hold an interest and acquisition opportunities for the Company, business and acquisition strategies, opportunities, objectives, prospects, assumptions, including those related to trends and prospects, and future events and performance. Sentences and phrases containing or modified by words such as “anticipate”, “plan”, “continue”, “estimate”, “intend”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targets”, “projects”, “is designed to”, “strategy”, “should”, “believe”, “contemplate” and similar expressions, and the negative of such expressions, are not historical facts and are intended to identify forward-looking statements. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statements has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including, but not limited to, the risk factors discussed in the continuous disclosure materials of the Company which are available under the Company’s profile on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information
Pardeep S. Sangha,
Investor Relations, Wishpond Technologies Ltd.
Communications, Wishpond Technologies Ltd.