ProntoForms shareholders approve name change to TrueContext
June 23 2023 - 8:30AM
ProntoForms Corporation (TSXV: PFM) (the “Company”) has announced
the results of the annual and special meeting of its shareholders
held June 21, 2023.
The Company’s proposal to change its name to “TrueContext
Corporation” was approved by shareholders. The Company intends
to move forward with the name change and has reserved the symbol
“TCXT” with the TSX Venture Exchange for use after the name change
comes into effect.
As ProntoForms had advanced far beyond digital form technology,
the organization needed a more cogent way to communicate its
promise, purpose, and value. The TrueContext brand represents the
platform’s sophistication and position in the market, cemented over
the years by consistently delivering a trustworthy and reliable
experience to customers and their technicians. The new identity is
a statement of what the company has grown to be and of a
forward-looking mission to maintain its place as an industry leader
through constant product innovation.
“Our new go-to-market strategy requires a name that embodies our
value and gives us the runway to expand in a complex enterprise
market,” Phil Deck, Co-CEO, commented. “Our primary customers are
global asset-intensive organizations, and it is our role to equip
them with relevant, real-time field intelligence. For some time
now, our platform has outgrown digitizing manual workflows through
paperless forms. Instead, we have been helping industry leaders
harness data to make meaningful change in efficiency, safety,
compliance, and business outcomes. TrueContext captures that
essence succinctly.” he added.
“This is quite an exciting time for us as we return to our
company’s earliest roots. Adopting TrueContext, our founding name,
reflects the transformative influence that data has had on
industry. The brand signifies the possibility and potential for so
much more, for us and everyone we work with,” CEO and Founder
Alvaro Pombo explained.
Following this announcement, separate communications will go out
to clients, partners, employees, and investors to provide guidance
on what they can expect as the rebrand unfolds as well as specific
timing for the name and symbol change.
The votes cast for director nominees were as follows, with the
result that Terence Matthews, Alvaro Pombo, Philip Deck, D. Neil
McDonnell and Catherine Sigmar were elected as the five directors
of the Company:
Nominee |
Votes For |
Votes Withheld |
Number |
% of Votes at Meeting |
Number |
% of Votes at Meeting |
Terence Matthews |
64,322,893 |
54.57 |
53,548,360 |
45.43 |
Alvaro Pombo |
116,866,486 |
99.15 |
1,004,767 |
0.85 |
Philip Deck |
64,107,178 |
54.39 |
53,763,375 |
45.61 |
D. Neil McDonnell |
117,537,590 |
99.72 |
333,663 |
0.28 |
Catherine Sigmar |
117,853,081 |
99.98 |
18,172 |
0.02 |
Ronan McGrath |
52,844,436 |
44.83 |
65,026,817 |
55.17 |
Marilissa Gosselin |
52,844,436 |
44.83 |
65,026,817 |
55.17 |
The other matters that came before the meeting, namely the
appointment of auditors and an amendment to the Company’s option
plan, were also approved.
About ProntoForms Corporation ProntoForms is
the global leader in field intelligence. The platform’s field
workflows and data collection capabilities enable enterprise field
teams to optimize decision-making, decrease organizational risk,
maximize the uptime of valuable assets, and deliver exceptional
service experiences. Over 100,000 subscribers use ProntoForms
across multiple use cases, including asset inspection, compliance,
installation, repair, maintenance, and environmental, health &
safety with quantifiable business impacts.
The Company is based in Ottawa, Canada, and trades on the TSXV
under the symbol PFM. ProntoForms is the registered trademark of
ProntoForms Inc., a wholly owned subsidiary of ProntoForms
CorporationFor additional information, please
contact:
Philip Deckco-Chief Executive OfficerProntoForms
Corporation416.702.3974pdeck@prontoforms.com |
|
Dave CroucherChief Financial OfficerProntoForms Corporation
613-286-9212dcroucher@prontoforms.com |
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Certain information in this press release may
constitute forward-looking information. For example, statements
about the Company's future growth or value are forward-looking
information. This information is based on current expectations that
are subject to significant risks and uncertainties that are
difficult to predict. Actual results might differ materially from
results suggested in any forward-looking statements. The Company
assumes no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
reflected in the forward looking-statements unless and until
required by securities laws applicable to the Company. Neither 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.
Neither 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.
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