TORONTO--(BUSINESS WIRE)--Facedrive Inc. (“Facedrive”) (TSXV: FD) a “people-and-planet first” business is pleased to announce that the company has applied to trade on the Frankfurt Stock Exchange (“FWB”) Deutsche Börse AG and the OTCQX® Best Market operated by the OTC Markets Group Inc. (OTCQX: OTCM).
The Frankfurt Stock Exchange is the 10th largest stock exchange in the world and the 3rd largest stock exchange in Europe by market capitalization (https://en.wikipedia.org/wiki/List_of_stock_exchanges). Facedrive has applied to list its shares on Börse Frankfurt, the Frankfurt Stock Exchange’s trading venue for mainly private investors with more than one million securities of German and international issuers. Listing on the Frankfurt Stock Exchange provides European and International investors with easy access to Facedrive shares.
The OTC Markets Group Inc. operates financial markets for 10,000 U.S. and global securities. Facedrive is already trading in the US OTC market, and since the company meets its high eligibility standard, Facedrive has decided to apply to the OTCQX. The OTCQX Best Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. The OTCQX Best Market is an important milestone for companies, enabling them to demonstrate high standards and build visibility among U.S. investors.
“The Frankfurt Stock Exchange and OTCQX listings would provide convenient access for our securities to US, European and International investors,” said Sayan Navaratnam, Chairman and CEO of Facedrive. “It’s very important for us that this is happening simultaneously with our US and European expansion plans. We want to ensure that US and European investors can access our securities just as easily as US and European consumers and businesses can access our ecosystem of socially and environmentally responsible services.”
About Facedrive
Facedrive is a multi-faceted “people-and-planet first” platform offering socially responsible services to local communities with a strong commitment to doing business fairly, equitably and sustainably. Facedrive rideshare was the first to offer green transportation solutions in the TaaS space, planting thousands of trees and giving users a choice between EVs, hybrids and conventional vehicles. Facedrive Marketplace offers curated merchandise created from sustainably sourced materials. Facedrive Foods offers contactless deliveries of a wide variety of foods with the focus on healthy foods right to consumers’ doorsteps. Facedrive Health develops innovative technological solutions to the most acute health challenges of the day. Facedrive is changing the ridesharing, food delivery, e-commerce and health tech narratives for the better, for everyone. Facedrive is currently operational in the following cities and municipalities of Ontario: The Greater Toronto Area, Hamilton, London, Guelph, Kitchener, Waterloo, Cambridge, Orillia and Ottawa
For more about Facedrive, visit www.facedrive.com.
Forward-Looking Statements
Certain information in this press release contains forward-looking information. This information is based on management’s reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.
See “Forward-Looking Information” and “Risk Factors” in the Corporation’s Filing Statement dated August 28, 2019 for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.
Neither 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.
