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TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) — Clip Money Inc. (TSX-V: CLIP) (“A clip” or i “The company”), a multi-banking self-service depository system for businesses, is pleased to announce that it has entered into an advisory services agreement with Oak Hill Financial Inc. (“Oak Hill”) for the purpose of facilitating certain investor relations services to be provided to the Company by Oak Hill.
Oak Hill is based in Toronto, Ontario and provides comprehensive investor relations services to public and private companies in a wide variety of sectors. Oak Hill will be assisting the Company with investor relations and communications, ongoing identification of new investors, and general marketing efforts. The initial term of the agreement will be for one month beginning on November 7, 2024, and will be renewed for subsequent one-month periods at the Company’s discretion.
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Oak Hill is a subsidiary of the Company and currently has no interest in the securities of the Company (directly or indirectly) and has no rights or options to acquire such interest. In consideration of the investor relations services provided by Oak Hill, the Company will make a monthly payment to Oak Hill in the amount of CDN$10,000 plus applicable taxes.
Forward–Checking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) that reflect the Company’s current expectations regarding future events. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “anticipate”, “intend”, “plan”, “will”, “likely”, “estimate” and similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and forecasts and include, without limitation, statements about the future success of the Company’s business.
Forward-looking statements in this news release are based on certain assumptions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Therefore, readers should not place undue reliance on any such forward-looking statements. In addition, these forward-looking statements are made as of the date of the news release and, unless expressly required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, even if it is based on new information. , future events or otherwise.
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Neither the TSXV nor its Legal Services Provider (as that term is defined in TSXV policies) accepts responsibility for the adequacy or accuracy of this release.
About Clip Money Inc.
Clip uses a multi-banking convenience deposit system for businesses with its ClipDrop boxes that give users the ability to deposit money outside of their bank branch in supermarkets and shopping malls. Rather than going to their own bank branch or using a cash pick-up service, businesses can deposit their cash at any ClipDrop Box near them. After deposit, funds will be automatically deposited into the business’s bank account, usually within one business day. The company combines efficient hardware, an intuitive mobile application and a cloud-based transaction engine that maximizes enterprise business. Combined with mobile applications, Clip offers a cost-effective and convenient solution for business bank deposits in metropolitan metropolitan areas in Canada and the United States. For more information about the Company, visit www.clipmoney.com.
For more information, please contact:
Joseph Arrage
Chief Executive Officer
phone: 844-593-2547
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