(TSXV-PGV)
TORONTO, Feb. 24, 2021 /CNW/ - Prodigy Ventures Inc.
(TSXV: PGV) ("Prodigy" or the "Company") is issuing this press
release in response to a request by the Investment Industry
Regulatory Organization of Canada
to comment on recent trading activity of its stock.
The Company is not aware of any material, undisclosed corporate
developments and has no material change in its business or affairs
that has not been publicly disclosed that would account for the
recent increase in the market price or trading volume of its common
shares.
The Company is in ongoing discussions and negotiations with
respect to various transactions and entered into a non-binding
letter of intent on February 23, 2021
in respect of a potential acquisition of a Fintech services
business. The proposed arm's length transaction is subject to
a number of conditions and there is no certainty that this
transaction will be completed. There are no finders fees payable in
connection with the transaction. The Company will provide
updates with respect to this and any other transactions as
developments warrant in accordance with applicable disclosure
requirements.
About Prodigy Ventures Inc.
Prodigy delivers Fintech innovation. The Company develops
software and services with emerging technologies for digital
transformation, identity and payments. Digital transformation
services include strategy, architecture, design, project
management, agile development, quality engineering and staff
augmentation. Prodigy has been recognized as one
of Canada's fastest growing companies with multiple
awards: Deloitte's Fast 50 Canada and Fast 500 North America (2016,
2017, 2018), Branham 300 (2017, 2018), Growth List (2018, 2019 and
2020), Canada's Top Growing
Companies (2019 and 2020).
Forward-Looking and Cautionary Statements
Certain information set out in this news release constitutes
forward-looking information. Forward looking statements are often,
but not always, identified by the use of words such as "seek",
"anticipate", "plan", "continue", "estimate", "expect", "may",
"will", "intend", "could", "might", "should", "believe" and similar
expressions. Forward looking statements in this press release
include statements regarding the potential transactions being
reviewed by the Company and the potential complete thereof.
Although the Company believes that the expectations reflected in
such forward-looking statements are based upon reasonable
assumptions, and that information obtained from third party sources
is reliable, they can give no assurance that those expectations
will prove to have been correct. Readers are cautioned not to place
undue reliance on forward-looking statements included in this
document, as there can be no assurance that the plans, intentions
or expectations upon which the forward-looking statements are based
will occur. By their nature, forward-looking statements involve
numerous assumptions, known and unknown risks and uncertainties
that contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur,
which may cause actual results in future periods to differ
materially from any estimates or projections of future performance
or results expressed or implied by such forward-looking statements.
These risks and uncertainties include, among other things, risk
factors set forth in the Company's Management's Discussion and
Analysis for the three and nine months ended September 30, 2020, a copy of which is filed on
SEDAR at www.sedar.com. Readers are cautioned that this list of
risk factors should not be construed as exhaustive. These
statements are made as at the date hereof and unless otherwise
required by law, the Company does not intend, or assume any
obligation, to update these forward-looking statements.
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.
SOURCE Prodigy Ventures Inc.