(TheNewswire)
Calgary, Canada – TheNewswire - December 22, 2020 – DeepMarkit Corp. ,(" DeepMarkit " or the" Company ") ( TSXV:MKT) (OTC:MKTDF) provides the followingupdate:
BusinessUpdate
As outlined in the Company’s last news release (May15, 2020), our original games-based marketing platform has proven tobe economically unsuccessful. We can no longer sustain the business onthat technology platform and business model. The new platform we builtspecifically for the China/North America cross border ecommercebusiness was, as a direct result of the global pandemic, effectivelydead on arrival at the end of February, 2020. Expected financialsupport for our China focused business has failed to materialize. Thevarious events of 2020 and their effects on both us and our Chinesepartners have conspired to effectively eliminate this businessopportunity.
Management and our board have been searching for newbusiness opportunities. These efforts have been unsuccessful to date.We will continue to seek out potential avenues to continue ourbusiness or to undertake a new business. This may involve a change ofbusiness, RTO, merger and/or capital reorganization. No opportunitiesof these type have yet been identified and there can be no assurancethat any suitable opportunities will be identified
AboutDeepMarkit
DeepMarkit is a technology company focused on creating new tools andtechnologies to aid ecommerce transactions for the benefit of bothconsumers and online merchants.
DeepMarkit’s Common Shares are listed on the TSX Venture Exchange,symbol MKT. To try out our games and see the power of the platform,please visit www.deepmarkit.com
For more information, please contact:
President & CEO
Darold H. Parken
Tel: 403-537-0067
Email: dparken@deepmarkit.com
Neither the TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisnews release.
CAUTIONARYSTATEMENT
Statements in this press release may containforward-looking information including, statements regarding thedevelopment of business opportunities in Asia and the search for newbusiness opportunities. Any statements that are contained in thispress release that are not statements of historical fact may be deemedto be forward-looking statements. The reader is cautioned thatassumptions used in the preparation of any forward-looking informationmay prove to be incorrect. Events or circumstances may cause actualresults to differ materially from those predicted, as a result ofnumerous known and unknown risks, uncertainties, and other factors,many of which are beyond the control of DeepMarkit. Factors that couldcause the actual results to differ materially from those inforward-looking statements include, but are not limited to, failure toobtain necessary financing and the failure to identify new businessopportunities or to complete any transactions related to suchopportunities. The reader is cautioned not to place undue reliance onany forward-looking information.
The forward-looking statements contained in thispress release are made as of the date of this press release andDeepMarkit does not undertake any obligation to update publicly or torevise any of the included forward-looking statements, whether as aresult of new information, future events or otherwise, except asrequired by securities law.
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