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APQT - Appliqate Inc News Story

$0.115 -0.0  -4.2%

Last Trade - 14/05/21

Sector
Consumer Cyclicals
Size
Market Cap £0.09
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6851

Appliqate Launches Hybrid/Virtual Event & Technology Acquisition Strategy

Thu 11th March, 2021 7:40pm
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Wyoming, March 11, 2021 (GLOBE NEWSWIRE) -- Appliqate Inc. (OTC: APQT)
announced a comprehensive acquisition strategy as part of its ongoing
expansion. This move will elevate the company in the rapidly evolving industry
and align the business with growth strategies that optimize its core values to
accelerate a new business model.

Appliqate’s core business operations and portfolios, including ELEV8,
Doclock and GPS Cash, are under the management of Founder and CEO Una Taylor.
The company’s current portfolio includes a global platform for livestream,
on-demand audio, video, and podcast content which puts Appliqate in an
industry leading position. Speaking on Appliqate’s immediate plans for the
future Taylor said, “Maintaining momentum in our existing portfolios,
coupled with identifying acquisition targets is our immediate focus. This
includes accelerating innovation, driving long-term growth, and developing new
business models to shape the future of our company.”

Under Taylor’s leadership and the company’s Advisory Board
(https://www.globenewswire.com/Tracker?data=4h0zWjJLTRj9kqOwo6u3IDH_Kli_KYdykngkAPel-Rje4j30vH_U8SP0vi9luW0LAOao2XrQ7UKUoA6whUHw7DE1XdVJVcxy_yPvsGVIlTY=),
a new strategy has been developed for Appliqate to execute and expand faster
in rapidly growing market segments. Appliqate will focus on its recent and
future acquisitions to streamline operations, improve company-wide efficiency
and allocate resources that support profitable growth.

The global live event and event technology sector is over a $1 trillion
market. Pre-pandemic, the event industry was at an all-time high, but due to
lockdowns in every geographical region, the industry was forced to lean into
new models, including virtual and hybrid business models. Innovative
technology applications enabled the largest B2B events, consumer events,
music, sporting, and other events to continue throughout COVID-19. Demand for
hybrid and virtual events swelled, resulting in over $700mm being invested in
event technology companies. The market dynamics and future growth outlook
represents a massive opportunity for Appliqate to scale revenue and deliver
profitable growth through acquisition.

The acquisition strategy creates a platform to leverage economies of scale,
capitalize on tangential segments of the market and take advantage of a public
vehicle in an industry where few exist.

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



(https://www.globenewswire.com/NewsRoom/AttachmentNg/44d6e7f9-f9fa-4e4f-af04-5fa2720369b9)



GlobeNewswire, Inc. 2021
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