Ineo Tech (INEOF) Stock News

INEO Tech Corp (OTCQB: INEOF) has announced significant developments in its AI-powered retail technology solutions and global expansion plans. The company has completed development of its INEO AI Secure technology, integrated into the patented INEO Welcoming System, which combines AI, computer vision, and machine learning for enhanced retail security. INEO's partner, Bon Intelligence, is in talks with a major Turkish electronics manufacturer for mass production opportunities. The company has deployed over 175 Welcoming Systems across a major U.S. retailer and secured additional installations in the UK, Turkey, and US. INEO is positioning itself as a premier AI solution developer for retail, offering a unified platform that combines loss prevention, digital advertising, and analytics through its INEO Dashboard subscription service. The company's strategic partnerships and focus on subscription-based revenue model signal a transformation from a hardware provider to a comprehensive retail software platform.

INEO Tech Corp reported its fiscal Q3 2025 results, highlighting significant developments including its first revenue from a strategic technology partnership with Sensormatic Solutions. The company experienced increased revenue due to well-stocked inventories of Welcoming Systems and loss prevention products. Key events include a $1M share issuance to Coenda Investment Holdings, expansion into Turkey through a partnership with Bon Intelligence, and deployment agreements with Turkish retailer Bambi. The company also resolved a shareholder dispute with Coenda, resulting in board changes and a new license agreement with BON Intelligence for the INEO Welcoming System. Management changes included Cameron Lawrence joining as Board Director and Audit Committee Chair, while Dave Jaworski resigned from the Board.

INEO Tech Corp (OTCQB: INEOF) has reached a settlement agreement with COENDA Investments Holdings Corp and its controlling shareholder, Kerem Akbas. The agreement resolves a previously requested special shareholders' meeting and includes several key changes: David Eaton will join INEO's board of directors and serve on both the Audit and Governance committees. The company will initiate a search for a new CFO. Additionally, INEO has entered into a license agreement with BON Intelligence (COENDA affiliate) to produce and sell the INEO Welcoming System, which includes initial licensing fees, per-unit royalties, and monthly network connection fees. COENDA has withdrawn its meeting requisition and accepted standstill provisions, while receiving participation rights to maintain its equity interest. The agreement terms will remain effective until either INEO's 2027 Annual Meeting or May 27, 2027.

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has announced a special shareholders meeting scheduled for August 8, 2025, following a requisition from COENDA Investments Holding Corp, which owns 49% of INEO shares. The requisition, delivered on April 8, 2025, comes after COENDA completed its investment on January 25, 2025.

The meeting will address several matters, including: the approval process of Q2 interim financial reports, the handling of director Eugene Syho's resignation, a proposal to remove current directors and officers (except Kerem Akbas), election of new directors, and appointment of an inspector to investigate company management.

INEO's special committee, formed to address these matters, notes that the interim financial reports were approved by board majority, and Syho's resignation was not considered material. The company's Chair, Greg Watkin, expressed disappointment with COENDA's change in position shortly after acquiring control.

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has received a notice of requisition for a general meeting of shareholders on April 8, 2025. The requisition was submitted by COENDA Investments Holding Corp and aims to implement changes to the Board of Directors.

The company is currently evaluating the requisition's compliance with the Business Corporations Act (British Columbia) requirements under section 167. INEO will provide a response within the statutory timeframe specified by the Act.

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has announced the appointment of Cameron Lawrence, CPA and MPAcc, to its Board of Directors and as Chair of the Company's Audit Committee. Lawrence brings significant experience in corporate strategy, finance, accounting, risk management and corporate governance from his previous roles as CEO of Newlab and CFO of GNC Holdings

The appointment comes as Dave Jaworski steps down from the Board of Directors for professional reasons. Greg Watkin, Chairman, President and Founder of INEO, expressed confidence that Lawrence's strong leadership and financial governance expertise will benefit both the company and its shareholders.

INEO Tech Corp (OTCQB: INEOF) provided a corporate update highlighting its recent expansion and strategic initiatives. The company announced a technology agreement with Sensormatic Solutions on January 13, 2025, licensing INEO's patents and manufacturing expertise for integrating Welcoming System technology with Sensormatic's loss prevention tools.

Key developments include signing a reseller agreement with Bon Intelligence Inc. in Turkey on January 31, 2025, resulting in installations at Bambi shoe retailer and a beauty supply retailer. The company also secured a UK retail presence with one complete Welcoming System installation and a commitment for 24 additional systems within 12 weeks.

In the US, INEO's Retail Media network has expanded to 171 Welcoming systems across 30 states, with 205 total advertising screens installed. The company restructured its Retail Media division management, now led by Amit Pannu, VP of Sales, replacing former lead Salim Tharani.

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has announced the conversion of convertible debentures into common shares. Six parties, including one insider and five arm's length parties, have acquired a total of 6,201,975 shares through this conversion.

The conversion includes $462,000 of principal converted into 5,435,295 shares and $54,047 of accrued interest converted into 766,680 shares. The debentures, issued in January and February 2024, feature a conversion price of $0.085 per share for the first year and $0.10 thereafter until maturity. They carry a 12.0% annual interest rate with a three-year maturity period.

INEO Tech Corp (TSXV: INEO) (OTCQB: INEOF) has announced that its Turkish reseller partner, Bon Intelligence, has secured an agreement with Bambi, a high fashion shoe retailer with 61 stores in Turkey, to implement INEO's in-store retail media technology across their locations.

Following a successful pilot installation in late 2024, the nationwide rollout began on February 10, 2025. The deployment includes strategically placed digital screens powered by INEO's AI-driven content management and programmatic ad engine, aimed at enhancing customer engagement and creating new revenue opportunities through digital marketing.

Additionally, INEO announced the resignation of Eugene Syho from its Board of Directors and granted 7,700,000 incentive stock options to employees, management, and Board members under the company's 10% rolling stock option plan approved in October 2024.