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OTTAWA, May 8, 2020 /CNW/ - Martello Technologies Group
Inc. ("Martello" or the "Company") (TSXV: MTLO)
announced today that it has terminated an agreement with INFOR
Financial Inc. ("INFOR Financial") for market making services (the
"Services"). The agreement with INFOR Financial was signed on
April 23, 2019 and was announced on
April 25, 2019. The agreement was
terminated effective April 24, 2020
following a 30 day notice period.
About Martello Technologies Group Inc.
Martello Technologies Group Inc. (TSXV: MTLO) is a technology
company that provides digital experience monitoring (DEM)
solutions. The company develops products and solutions that provide
monitoring and analytics on the performance of real-time
applications on networks, while giving IT teams and service
providers control and visibility of their entire IT infrastructure.
Martello's products include unified communications performance
analytics software, and IT analytics software. Martello
Technologies Group is a public company headquartered in
Ottawa, Canada with offices in
Montreal, Amsterdam, Paris, Dallas
and New York. Learn more at
http://www.martellotech.com
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements".
Forward-looking statements can be identified by words such as:
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"expect," "future," "may," "should," "will" and similar references
to future periods. Examples of forward-looking statements include,
among others, statements we make regarding anticipated closing date
of the Offering, adjustments to the Purchase Price, and accelerated
exercise of Warrants.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following:
- Changes in customer demand.
- Disruptions to our technology network including computer
systems and software, as well as natural events such as severe
weather, fires, floods and earthquakes or man-made or other
disruptions of our operating systems, structures or equipment.
- Delayed purchase timelines and disruptions to customer budgets,
as well as Martello's ability to maintain business continuity as a
result of COVID-19.
Any forward-looking statement made by us in this news release is
based only on information currently available to us and speaks only
as of the date on which it is made. Except as required by
applicable securities laws, we undertake no obligation to publicly
update any forward-looking statement, whether written or oral, that
may be made from time to time, whether as a result of new
information, future developments or otherwise.
SOURCE Martello Technologies Group