Adcore Announces the Engagement of Bristol Capital and Dr. Reuter for Investor Relations Services
Rhea-AI Summary
Adcore has engaged Bristol Capital Ltd. for North American investor relations and Dr. Reuter Investor Relations for European services to enhance shareholder communication. Bristol's contract is for 12 months, with a monthly fee of up to CAD $10,000 and 200,000 stock options at CAD $0.35 each. Dr. Reuter's initial engagement lasts 6 months at a fee of up to €3,000 per month. The company has also terminated its prior arrangement with IMS Investor Relations, which lasted from January 2021 to February 2023. The CEO expressed confidence in the new partnerships to strengthen investor relationships as the company continues to grow.
Positive
- Engaged Bristol Capital and Dr. Reuter for enhanced investor relations.
- Bristol engaged for 12 months, indicating a commitment to long-term communication.
- Dr. Reuter has a 6-month initial term, allowing flexibility in European market outreach.
Negative
- Termination of IMS Investor Relations could disrupt continuity in communication.
News Market Reaction 1 Alert
On the day this news was published, ADCOF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, ON / ACCESSWIRE / March 13, 2023 / Adcore Inc. (the "Company" or "Adcore") (TSX:ADCO)(OTCQX:ADCOF), a leading e-commerce advertising management and automation platform to leverage digital marketing in an effortless and accessible way ("Effortless Marketing"), today announced that it has retained Bristol Capital Ltd. ("Bristol") and Dr. Reuter Investor Relations ("Dr. Reuter") for investor relations services in North America and Europe, respectively.
Bristol is a leading investor relations firm servicing Canadian and U.S. microcap and small cap companies across international markets providing investor relations and communication services. Dr. Reuter is a European investor relations agency that provides similar services into the European market.
Bristol has been engaged by the Company for an initial period of 12 months, which shall be renewed automatically for successive one-year periods thereafter unless terminated in accordance with the provisions of the agreement. Bristol will be paid a monthly fee of up to CAD
The Company also announced that it terminated the engagement of IMS Investor Relations ("IMS"). IMS provided investor relations services to Adcore from January 1, 2021 to February 28, 2023.
Omri Brill, Adcore's CEO commented: "We are excited to announce the engagement of Bristol Capital and Dr. Reuter for investor relations services in North America and Europe, respectively. As we continue to grow and expand our business, we recognize the importance of effective communication with our shareholders and the investment community. We are confident that Bristol and Dr. Reuter will provide us with the expertise and guidance necessary to enhance and reenergize our investor relations efforts, and we look forward to working with them. We would also like to take this opportunity to thank IMS Investor Relations for their services over the past two years. We appreciate their dedication and support during that time and wish them continued success in their future endeavors."
Mr. Brill concluded: "At Adcore, we are committed to building a strong and transparent relationship with our shareholders and the investment community. We believe that our partnership with Bristol and Dr. Reuter will be an important part of achieving that important goal."
ABOUT ADCORE
Adcore is empowering entrepreneurs, advertisers, and the future of e-commerce through its advertising management and automation platform. By combining extensive industry knowledge and experience with its proprietary artificial intelligence engine, Adcore offers a unique digital marketing solution that empowers entrepreneurs and advertisers by managing and automating their e-commerce store advertising and monitoring and analyzing the performance of their advertising budget to ensure maximum Return on Investment. In addition to being named numerous times on Deloitte's Fast 50 Technology list, Adcore is a certified Google Premier Partner, Elite Tier Microsoft Partner, Facebook Partner and TikTok Partner.
Established in 2006, the Company employs over fifty people in its headquarters in Tel Aviv, Israel and satellite offices in Toronto, Canada, Melbourne, Australia, Hong Kong and Shanghai, China.
For more information about Adcore, please visit https://www.adcore.com/investors/, https://www.adcore.com/blog or follow us on LinkedIn.
ABOUT AMPHY
Founded in 2021 in the midst of the pandemic, Amphy is the world's most diverse 24/7 live online learning marketplace. With Amphy, learners can choose from thousands of classes across hundreds of categories to grow their passions and skills, expand their children's learning opportunities, and much more. Instructors on the Amphy platform join a vibrant virtual teacher community that promotes and supports their success through enrichment seminars, marketing and advertising, and a suite of tools that allow them to run their classes hassle-free and focus on their students. Amphy students gain access to high-quality, personalized classes accessible from 24/7, as well as join a growing community of lifelong learners.
For more on Amphy please visit - https://www.amphy.com/ and https://blog.amphy.com/ or follow us on LinkedIn, Facebook, Instagram and YouTube.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements, including statements about the Company. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
For further information please contact:
ADCORE INC.
https://www.adcore.com/investors/
Martijn van den Bemd, | Investor Relations | Investor Relations Europe |
Chief Partnerships Officer | Glen Akselrod | Dr. Eva Reuter |
Bristol Capital | Dr. Reuter Investor Relations | |
Telephone: 647-497-5337 | Telephone: 905-326-1888 ext 1 | Telephone: +49 (0) 69 1532 5857 |
Email: martijn@adcore.com | Email: info@bristolir.com | Email: e.reuter@dr-reuter.eu |
SOURCE: Adcore Inc.
View source version on accesswire.com:
https://www.accesswire.com/743526/Adcore-Announces-the-Engagement-of-Bristol-Capital-and-Dr-Reuter-for-Investor-Relations-Services
FAQ
What is the recent engagement of Adcore (ADCOF) regarding investor relations?
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