(TheNewswire)
January 24, 2024 – TheNewswire -- Vancouver, BC, Canada – Legible Inc. Canada – (CSE:READ) US– (OTC:LEBGF) Germany- (FSE:D0T) ( "Legible" or the "Company" ), a leading digital bookinfotainment platform and publisher, is pleased to announce that ithas engaged Investor Cubed Inc. (“Investor Cubed”) to provideinvestor relations and shareholder communications services inCanada.
The terms of the engagement of Investor Cubed providefor compensation of $7,500 per month. In addition, Investor Cubed hasbeen granted stock options to purchase 800,000 common shares priced at$0.20 per common share. The stock options will vest quarterly,beginning from the effective date and will be governed by theprovisions of the Company’s stock option plan.
“Investor Cubed is excited to begin working withLegible,” stated Neil Simon, CEO of Investor Cubed. “TheCompany’s years of development and proprietary technology firmlyposition Legible to be a leader in their sector, and Legible has anexperienced management team who we believe will deliver value to theCompany’s shareholders.”
Kaleeg Hainsworth, Legible’s CEO, commented, “Weare very excited to have signed with Investor Cubed. Neil and his teamare very experienced and have a large audience of both retail advisorsand institutional investors. We believe now is the time to increaseour presence and broaden our reach with the Canadian investmentcommunity. Legible is focused on driving revenues through our LegibleUnbound subscription service that provides access to an extensivecatalogue of audiobooks and eBooks.”
In addition, Legible has extended the closing of thePrivate Placement announced by way of a Press Release dated Dec 8,2023 under the same terms and conditions.
About Legible Inc.
Legible is a groundbreaking, mobile-centric globalcompany specializing in eBooks and audiobook entertainment, boasting amarket opportunity exceeding billions of dollars. Legible’sextensive partnerships encompass four of the Big 5 Publishers and theworld's largest eBook distributor, enabling it to seamlessly deliverover 2 million eBooks and audiobooks, effectively transforming anysmart device into a dynamic library and eBookstore.
At the heart of Legible’s innovation lies itsLibrarianAI, the world's pioneering AI-powered assistant, enhancingthe reading experience. Legible’s publishing division isrevolutionizing the industry by crafting proprietary AI-enrichedmultimedia books, setting new standards in literary engagement.
Legible is at the forefront of reshaping the digitalpublishing landscape, committed to gaining a significant market shareby providing innovative 21st-century publishing solutions andenriching global reading experiences.
Please visit Legible.com and discover theplace where eBooks come to life.
Contact Legible Inc.
Ms. Deborah Harford
EVP, Global Strategic Partnerships
1 (672) 514-2665
(CSE: READ) (OTCQB: LEBGF) (FSE: D0T)
invest@legible.com
Website: https://invest.legible.com
Contact Investor Cubed Inc.
Mr. Neil Simon, CEO
Tel: 647-258-3310
E-mail: nsimon@investor3.ca
Cautionary Note Regarding ForwardLooking Information
This Press Release contains certain statements whichconstitute forward-looking statements or information(“forward-looking statements”), including statements regardingLegible’s business and the Private Placement.Such forward-looking statements are subject to numerous risks anduncertainties, some of which are beyond Legible's control, includingthe impact of general economic conditions, industry conditions,currency fluctuations, the lack of availability of qualified personnelor management, stock market volatility and the ability to accesssufficient capital from internal and external sources. AlthoughLegible believes that the expectations in its forward-lookingstatements are reasonable, they are based on factors and assumptionsconcerning future events which may prove to be inaccurate. Thosefactors and assumptions are based upon currently availableinformation. Such statements are subject to known and unknown risks,uncertainties and other factors that could influence actual results orevents and cause actual results or events to differ materially fromthose stated, anticipated or implied in the forward- lookinginformation. As such, readers are cautioned not to place unduereliance on the forward- looking information, as no assurance can beprovided as to future results, levels of activity or achievements. Theforward-looking statements contained in this document are made as ofthe date of this document and, except as required by applicable law,Legible does not undertake any obligation to publicly update or torevise any of the included forward-looking statements, whether as aresult of new information, future events or otherwise. Theforward-looking statements contained in this document are expresslyqualified by this cautionary statement.
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