(TheNewswire)
Vancouver, B.C., Canada - TheNewswire - October 21, 2020 - Cover TechnologiesInc. (previously Mag One Products) (the "Company" or"COVER") (CSE:COVE)(CNSX:COVE.CN) (OTC:MGPRF) announces today thatfurther to its news releases dated October 7, 2020 and October 16,2020 the Company has changed its name from Mag One Products Inc. toCover Technologies Inc. and effected its previously announced shareconsolidation, both on October 20, 2020.
The new ticket symbol of the Company is COVE. The newsCUSIP and ISIN numbers of the Company are 22289X103 and CA22289X1033respectively.
On behalf of the Board, " Tony Louie ", President & CEO, Cover Technologies Inc.
Neither theCanadian Securities Exchange nor its Regulation Services Provideraccepts responsibility for the adequacy or accuracy of this newsrelease.
About Cover Technologies Inc.
Cover TechnologiesInc. is an industrial products andsolutions company. Cover Technologies has expanded its lines ofbusiness to include consumer and industrial disinfectant and cleaningsolutions in addition to its magnesium technology. Using itsgame-changing technology, Cover Technologies aims to be the mostenvironmentally friendly & sustainable producer of magnesium (Mg)metal, ultrapure Mg compounds, by-products and vertically integratedco-products. For further information or questions respecting theCompany kindly contact the Company via email at: info@MagOneProducts.com . Additional information can be found on the Company's website at www.MagOneProducts.com or byviewing the Company's filings at www.sedar.com .
Forward-LookingInformation
Information set forth in this press release may involveforward-looking statements, including statements relating to thesecurities of the Company trading on the CSE. Forward-lookingstatements are statements that relate to future, not past, events. Inthis context, forward-looking statements often address a company'sexpected future business and financial performance, and often containwords such as "anticipate", "believe","plan", "estimate", "expect", and"intend", statements that an action or event"may", "might", "could","should", or "will" be taken or occur, or othersimilar expressions. By their nature, forward-looking statementsinvolve known and unknown risks, uncertainties and other factors whichmay cause our actual results, performance or achievements, or otherfuture events, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. Such factors include, among others, thefollowing risks: risks associated with marketing and sale ofsecurities; the need for additional financing; reliance on keypersonnel; the potential for conflicts of interest among certainofficers or directors with certain other projects; and the volatilityof common share price and volume. In this case, disclosure aboutproposed the Name and Symbol Change and the Share Consolidation areforward-looking statements, and there is a risk that neither the Nameand Symbol Change nor the Share Consolidation may occur or occur asplanned, and there is a risk that such event(s) occurring or notoccurring (whether at all or as planned) may have adverse unforeseenimpact on the Company, its market for securities, and/or its futurebusiness prospects (which include fundraising and operationalmatters). Forward-looking statements are made based on management'sbeliefs, estimates and opinions on the date that statements are madeand except as required by law, the Company undertakes no obligation toupdate forward-looking statements if these beliefs, estimates andopinions or other circumstances should change. Investors are cautionedagainst attributing undue certainty to forward-looking statements. For further information on risk, investors areadvised to see the Company's MD&A and other disclosure filingswith the CSE regulators which are found at www.sedar.com.
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