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APQT - Appliqate Inc News Story

$0.12 0.0  9.1%

Last Trade - 10/05/21

Sector
Consumer Cyclicals
Size
Market Cap £0.08
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6855

Appliqate Announces Board Diversity and Inclusion Strategy

Wed 7th April, 2021 8:57pm
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Sheridan, Wyoming, April 07, 2021 (GLOBE NEWSWIRE) -- Appliqate (OTC: APQT), a
Wyoming Corporation, has announced a strategy for board diversity and
inclusion in light of the recent Nasdaq Stock Market LLC (Nasdaq) proposal
with the Securities and Exchange Commission (SEC) to adopt listing rules that
would enhance board diversity and transparency among companies listed on its
exchange. The new rules require Nasdaq-listed companies to have, or explain
why they do not have, at least two “Diverse” members of their boards of
directors; and publicly disclose diversity statistics regarding their boards
of directors in their proxy statement or information statement filings, or
alternatively on their websites.

A McKinsey study found that diverse companies have 19% higher revenue than
less diverse counterparts, and gender diverse executive teams outperform
male-dominated companies by 21% in terms of EBIT. As Appliqate continues to
roll out the aggressive acquisition strategy announced in March, diversity and
inclusion will be a key tenant when evaluating their acquisition targets.

Led by its Founder and CEO, Ms. Una Taylor, a black woman of African descent,
Appliqate represents a very small percentage of public companies with a black
female at the helm. Additionally, in the U.S., of the 3,671 public companies
reported by The Wall Street Journal in 2017, only eight were Black-owned
companies which equates to 0.002% of public companies. “Appliqate will
continue to focus on inclusion and diversity because it’s good for our
shareholders, but more importantly, it aligns with the company’s culture,”
said Ms. Taylor.

Ms. Taylor is preceded by very few black women in publicly traded companies.
Catherine Liggins Hughes, an African American entrepreneur, radio and
television personality, and business executive, founded the media company
Radio One. In 1987, Radio One added an FM station to its roster—WMMJ, in
Washington, D.C. Twelve years later, in 1999, Radio One sold its first shares
of common stock, making Hughes the first African American woman to head a
publicly traded company. Appliqate’s leadership team values and honors Ms.
Liggins Hughes and others who have paved the very narrow path taken by Ms.
Taylor.

Appliqate has always sought to comprise its Board with diversity
(https://www.globenewswire.com/Tracker?data=hbhegRh-WqntLktFFVkAZGSXt8hYyBZyPdVRO2FUM-rLzKlyC8B6rywBszcrKzJ8wrgKOTgfuv3O2-REH1Ff7kHOmIQMqJACmzI6acPWLDM=);
however, the Company has historically placed equal emphasis on the following
factors: background and specifically targeted industry experience, and most
importantly, creating an atmosphere of open and trusted communication. A
recent Harvard Study cited, in support of Appliqate’s Board priorities, that
“to make diverse boards more effective, boards need to have a more
egalitarian culture — one that elevates different voices, integrates
contrasting insights and welcomes conversations about diversity.”

Appliqate looks forward to a bright future that will continue to promote and
comprise a diverse Board with members that value open communication. A diverse
and egalitarian Board will maximize effectiveness by doing more to ensure that
different perspectives are regularly elicited and integrated into the
board’s decision-making process, which will always be focused on maximizing
the value to its shareholders.

Melinda Gates, co-chair of the Bill & Melinda Gates Foundation, founder of
Pivotal Ventures, stated in a Times article, “We are right to be outraged.
But we’re also right to be optimistic. Americans are no longer willing to
accept the glacial pace of change—and I feel lucky to be alive at a time
when we no longer have to”. She went on to say she will be committing $1
billion to expand women’s power and influence in the United States over the
next ten years.

In conjunction with the company’s acquisition strategy for hybrid events and
event technology, Ms. Taylor will be attending the Society for Independent
Show Organizer’s (SISO) annual CEO Summit taking place April 12-15th in
Amelia Island, FL. She will be participating in the SISO Executive Women’s
Forum. Ms. Taylor said, "The SISO CEO Summit is attended by company owners,
CEOs, and presidents who are charged with creating the strategies used to map
out the future for the trade show Industry. This will be a perfect opportunity
to share information about Appliqate’s latest tech and event acquisition
strategy while networking with executives in an environment conducive to
bringing together the Industry's best."

About Appliqate Inc: Appliqate Inc is a publicly traded technology development
firm that provides businesses, executives and investors access to capital and
innovative solutions by utilizing platforms and business models to disrupt
industry sectors. With an emphasis on media, blockchain, live entertainment,
and intellectual property, the company accelerates the growth of tech
solutions in these markets. Our management team represents a unique
combination of technology development, operating, investing, financial and
transactional expertise.

Forward-Looking Statements: This press release contains “forward-looking
statements” within the meaning of Section 21E of the Securities Exchange Act
of 1934. Except for historical matters contained herein, statements made in
this press release are forward-looking statements. Without limiting the
generality of the foregoing, words such as “may”, “will”, “to”,
“plan”, “expect”, “believe”, “anticipate”, “intend”,
“could”, “would”, “estimate,” or “continue”, or the negative
other variations thereof or comparable terminology are intended to identify
forward-looking statements. Forward-looking statements involve known and
unknown risk, uncertainties and other factors which may cause our actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Also, forward-looking statements represent our
management’s beliefs and assumptions only as of the date hereof. Additional
information regarding the factors that may cause actual results to differ
materially from these forward-looking statements is available in the Company's
filings with the SEC including the Current Reports on Form 8-K and the
Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Except as
required by law, we assume no obligation to update these forward-looking
statements publicly or to update the reasons actual results could differ
materially from those anticipated in these forward-looking statements, even if
new information becomes available in the future.

For more information contact:

Contact:

Una Taylor: Una@Appliqate.com

Inquires: Investorrelations@appliqate.com

305-507-3335 | www.appliqate.com




Attachment
*     APPLIQATE, INC
(https://ml.globenewswire.com/Resource/Download/d7411f12-f1b8-4a22-bc21-616b2093ef8c)
(https://www.globenewswire.com/NewsRoom/AttachmentNg/44d6e7f9-f9fa-4e4f-af04-5fa2720369b9)
APPLIQATE, INC 
(https://www.globenewswire.com/NewsRoom/AttachmentNg/d7411f12-f1b8-4a22-bc21-616b2093ef8c/en)
Una Taylor, Founder/CEO


GlobeNewswire, Inc. 2021
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