SAN JOSE, Calif., April 12, 2018 /CNW/ -- Nubeva Technologies
Ltd. ("Nubeva" or the "Company") (TSX-V: NBVA), today announced
that it has appointed Sophic Capital Inc. ("Sophic Capital" or
"Sophic") as its Investor Relations (IR) firm. Sophic Capital is a
capital markets advisory firm and will focus on increasing investor
awareness of Nubeva by developing a comprehensive communications
strategy and introducing Nubeva to investment advisors, investment
dealers, institutional investors and other financial
professionals.
"We are excited to be working with Sophic Capital to help
communicate our market opportunity and growth strategy to the
investment community," said Randy
Chou, Nubeva's CEO. "Sophic is the right partner to
educate investors about the disruptive nature of our technology and
the significant growth opportunity we believe is in front of
us."
"We are thrilled that Nubeva has selected us to be their IR
firm," said Marcel Valentin, VP of
Sophic Capital. We believe the Company is uniquely positioned
in the growing cybersecurity market with a disruptive
solution. We look forward to increasing shareholder visibility
and building on the recent momentum in the business."
Nubeva's engagement with Sophic Capital is for a term of 12
months, on a fee for services basis of $7,000 per month. In addition, Sophic Capital has
been granted options to purchase up to 105,000 shares of Nubeva at
a price of $1.52 per share. The
options will vest quarterly in four tranches of 26,250 each. The
total options outstanding are now 5,099,888 and represent
approximately 10% of the Company's issued and outstanding common
shares. The options are governed by the provisions of the
Company's stock option plan and the policies of the TSX Venture
Exchange.
Nubeva Technologies Ltd. develops Software-as-a-Service (SaaS)
software and services that enable enterprises to run best-of-breed
cybersecurity in public cloud environments. Nubeva's products
provide enhanced visibility and control over network traffic and
simplified automation and operation that is essential to run
top-tier security technologies and services in the cloud easily and
at low costs. With Nubeva, organizations can leverage existing
policies, technologies and operations and accelerate their move to
the cloud with confidence. San Jose, CA-headquartered Nubeva
is committed to the vision of dramatically broader and lower cost
availability of the world's best security to confront the rising
cyber-crime threat. Visit www.nubeva.com for more
information.
Forward Looking Statements
This news release contains "forward-looking information" within the
meaning of applicable securities laws relating to the Company's
business plans and the outlook of the shared transportation
industry. Although the Company believes in light of the experience
of its officers and directors, current conditions and expected
future developments and other factors that have been considered
appropriate that the expectations reflected in this forward-looking
information are reasonable, undue reliance should not be placed on
them because the Company can give no assurance that they will prove
to be correct. Actual results and developments may differ
materially from those contemplated by these statements. The
statements in this press release are made as of the date of this
release and the Company assumes no responsibility to update them or
revise them to reflect new events or circumstances other than as
required by applicable securities laws. The Company undertakes no
obligation to comment on analyses, expectations or statements made
by third-parties in respect of the Company, its subsidiaries, their
securities, or their respective financial or operating results (as
applicable).
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Nubeva Technologies Ltd.