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EDMONTON, March 27, 2020 /CNW/ - eQube Gaming Limited
(TSX.V:EQG.V - News) ("eQube" or the "Company") has acted
swiftly to put precautions in place to manage the risk of COVID-19
to staff, the Company, contractors, the local communities, and all
other stakeholders. The Company has had no reported cases of
COVID-19 at any of our offices and we continue to ensure that our
operations follow the latest professional guidance.
The recent announcements by the Governments whose countries we
operate in that limits social gatherings to no more than 50 people,
voluntary self-isolation and that only services deemed to be
essential remain open, has resulted in the closure of our offices
as well as the temporary closure of our customers operations.
Effective the morning of March 23,
2020 eQube temporarily laid off 85% of its Full Time
Equivalents in its Nevada,
Ireland and Edmonton offices. The layoff will cease when
the Government(s) indicates that opening non-essential services is
safe to do so.
Andrew Janko is still actively
engaged as the CEO with Sandi
Johnston serving as the COO.
With regards to additional operational risks, steps have already
been taken to minimize them. The Company's key management and
its board of directors will meet on a weekly basis to review their
effectiveness and make any adjustments as deemed necessary to
minimize any potential operational disruption, while ensuring the
welfare and safety of our workforce and neighbouring
communities.
eQube CEO, Andrew Janko,
commented: "During this difficult period, our objective is to
ensure we will be a stronger company after the current pandemic
subsides, by acting in the best long-term interest of all of our
stakeholders."
Certain statements contained in this press release constitute
"forward-looking statements". All statements other than statements
of historical fact contained in this press release, including,
without limitation, those regarding the Company's future financial
position and results of operations, strategy, proposed
acquisitions, plans, objectives, goals and targets, and any
statements preceded by, followed by or that include the words
"believe", "expect", "aim", "intend", "plan", "continue", "will",
"may", "would", "anticipate", "estimate", "forecast", "predict",
"project", "seek", "should" or similar expressions or the negative
thereof, are forward-looking statements. Forward-looking statements
may specifically include, without limitation, statements relating
to the Company's ability to instigate care and maintenance in a
specific manner; the Company's ability to put proper controls in
place to retain funds; the estimated impact of COVID-19 on the
Company's business and operations; the availability of critical
supplies amidst COVID-19; and the ability to identify critical
threats and risks to the Company. These statements are not
historical facts but instead represent only the Company's
expectations, estimates and projections regarding future events.
These statements are not guarantees of future performance and
involve assumptions, risks and uncertainties that are difficult to
predict. Therefore, actual results may differ materially from what
is expressed, implied or forecasted in such forward-looking
statements.
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.
SOURCE eQube Gaming Limited