Voleo Activity and User Growth Continues and Hits New Contributions Record
Voleo Activity and User Growth Continues and Hits New Contributions Record
April 30, 2020
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V, VLEOF: OTC-QB) (“Voleo”,
the “Company”), continues to experience activity and user growth through its unique remote investment
collaboration platform.
The growth of funded accounts has continued to accelerate with a 4-week growth rate of 24%, while
trading activity has maintained its growth, with a 44% increase in transactions in the same period. In
March 2020, Voleo hit a new record with over 70% of users contributing to their investment accounts.
“Voleo continues to resonate with the market and attract new cl ubs and investors during these
unprecedented times,” shares CEO Glen Wilson. “Our unique team- based investment platform enables
investors to propose, discuss and make trading decisions togeth er with those they trust. All done
remotely, from the device of their choice, from anywhere.”
As the only end to end investment club solution and social investing app, Voleo has seen their Facebook
community grow over 270% in the past year.
As previously disclosed, Voleo requires additional funding for its operations. In furtherance of this, Voleo
is engaged in negotiations with various third parties for additional funding or a strategic transaction.
About Voleo Trading Systems Inc.
Voleo is a mobile fintech company that is transforming the reta il investing space through its powerful,
collaborative investing platform. As the only social investing app and end to end investment club solution,
Voleo has increased retail investor participation in the stock market by breaking down barriers to entry,
facilitating trust and improving financial literacy. Voleo's eq uity trading platform operates on native iOS
and Android devices, as well as a companion web application. Th e product is being white-labeled for
financial institutions around the world as an innovative produc t to engage, retain and acquire retail
customers.
About Voleo USA, Inc.
Voleo USA, Inc is a member of Financial Industry Regulatory Authority (FINRA) and Securities
Investor Protection Corporation (SIPC). Security products are not FDIC insured, not bank guaranteed,
and will fluctuate in value. We do not solicit, recommend, or o ffer investment advice. Check the
background of Voleo USA, Inc. on FINRA's BrokerCheck.
For more information on Voleo, please visit our Investor Relations website at ir.myvoleo.com.
ON BEHALF OF THE VOLEO BOARD
“Glen Wilson”
Interim Chief Executive Officer
2
Voleo is part of the King & Bay group of companies. King & Bay is a merchant
bank that specializes in identifying, funding, developing and s upporting growth
opportunities in the technology, resource, aviation, and sectors.
For further information regarding this press release, please contact:
Voleo Investor Relations
+1-778-945-8721
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein
as "forward-looking statements") within t he meaning of applicable Canadian securities la ws. Such forward-looking statements rel ate to future
events or Voleo Trading Systems Inc’s (the “Company”) future performance and the integration of cryptocurrency trading. All sta tements other
than statements of historical fact may be forward-looking statem ents. Such forward-looking statements are often, but not always , identified by
the use of words such as "seek", "anticipate", "budget", "plan" , "continue", "estimate", "expect", "forecast", "may", "will", " project", "predict",
"potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve kno wn and unknown
risks, uncertainties and other factors that may cause actual resu lts or events to differ materially from those anticipated in s uch forward-looking
statements. Voleo believes the expectations reflected in those forward-looking statements are reasonable but no assurance can b e given that
these expectations will prove to be correct and such forward-looking statements included in this release should not be unduly relied upon. These
forward-looking statements speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into
this release, as the case may be. In particular, this release contains forward-looking statements pertaining, but not limited to: expectations as to
future operations of the Company, future market trends, growth opportunities, the Company’s go to market strategy, future partnerships, global
uncertainty as a result of COVID-19, new initiatives and innovations of the Company, product offerings, the expected operations and performance
of the Company’s business, expected user growth, and the timing of key development milestones.
With respect to forward-looking statement s contained in this release, the Company has made assumptions regarding, among other t hing: the
accuracy, reliability and applicability of t he Company’s business model; the timely receipt of governmental approvals, includin g the receipt of
approval from regulators in Canada and the United States; the impact of COVID-19 on the Company’s operations; the timely commencement of
operations by the Company and the success of such operations; t he ability of the Company to implement its business plan as inte nded; the
legislative and regulatory environments of the jurisdictions where the Company will carry on business or have operations; the i mpact of
competition; and the availability of financing to execute the business plan. The Company has included the above summary of assumptions and
risks related to forward-looking statements pr ovided in this release in order to provi de investors with a more complete perspec tive on the
Company’s current and future operations and such information may not be appropriate for other purposes.
The live Voleo platform is currently limited to U.S. residents. Investors should be aware that investing through clubs requires that members of a
club vote in accordance with the conditions of their respective partnership agreemen ts, and that other factors including platfo rm performance,
execution price, order and account access ti mes are affected by many factors, includi ng connectivity, market volatility, the si ze and type of
order(s), market conditions, system performance, and other factors. Investors should carefully consider the risk profile of ETFs before investing
in them, and read the prospectus from the issuer before inve sting in an ETF. Penny stocks may trade infrequently, which means t hat it may be
difficult to sell penny stock shares once you own them. Moreover, because it may be di fficult to find quotations for certain pe nny stocks, they
may be difficult, or even impossible, to accurately price. For these, and other reasons, penny stocks are generally considered speculative
investments. Consequently, investors in penny stocks should be prepared for the possibility that they may lose their whole investment.
Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreas onable to rely on any such f orward-looking
statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and
unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change
from those expressed or implied in the forward-looking statements or information as a result of various factors. The forward-looking statements
contained in this release are expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company is
not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements after the date of this release
or to conform such statements to actual results or to changes in the Company’s expectations and the Company disclaims any intent or obligation
to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.