Voleo Initiates Pilot with Leading Independent Broker Dealer
Voleo Initiates Pilot with Leading Independent Broker Dealer
April 20, 2020
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V, VLEOF: OTC-QB) (“Voleo”,
the “Company”), is pleased to announce a pilot project with Haywood Securities (USA) Inc. and its parent
company, Haywood Securities Inc. (collectively, “Haywood”) in w hich Voleo will deliver code to optimize
data for tax reporting for Haywood’s US client base. Haywood is a leading independent broker-dealer
that has over seven billion dollars in total assets under administration.
Haywood has identified an opportunity to improve operational efficiency and selected Voleo to implement
a technology-driven solution which will enable Haywood to scale operations at lower cost. Pilot project
completion is anticipated in Q2 2020. Voleo USA Inc is a FINRA member and broker dealer in the US
that has developed software that allows for a seamless, paperle ss, onboarding experience through it’s
web and mobile platforms. This pilot project is both a step towards additional collaboration opportunities
and a demonstration of Voleo’s capabilities as a provider of technology solutions to the financial services
industry.
Glen Wilson, Voleo Interim CEO states: “Through Voleo’s US subs idiary, Voleo has accumulated
extensive experience in helping our clients meet their tax reporting obligations. These tools are in demand
and we are pleased to apply our knowledge to assist Haywood in a digital transformation effort to improve
efficiency. This contract is our first opportunity to collaborate with a Canadian independent broker-dealer
to demonstrate the efficacy of our product for dealing with US clients, and we are aggressively pursuing
additional opportunities to widen the breadth of the collaborat ion to demonstrate the full capabilities of
the Voleo platform.”
Voleo continues to search for additional funding and or a strat egic partner and will provide an update
shortly.
Voleo also announces that Mr. Daniel Lee CPA, CA will be replac ing Ms. Kate-Lynn Genzel as Chief
Financial Officer of the Company as a result of her maternity leave.
About Haywood
Founded in 1981, Haywood Securities Inc. (HIS) is a 100 per cen t employee-owned investment dealer
with more than 300 employees in its Canadian offices in Vancouv er, Calgary and Toronto. HSI is a
member of the Toronto Stock Exchange, the TSX Venture Exchange, the Montreal Exchange (MEX), the
Canadian Securities Exchange (CSE), the Canadian Investor Protection Fund (CIPF), and the Investment
Industry Regulatory Organization of Canada (IIROC). Haywood Sec urities (USA) Inc. (HUSA), a wholly
owned subsidiary, is a broker-dealer registered to transact sec urities business in the United States and
is a member of the Financial Industry Regulatory Authority (FINRA).
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. Voleo's equity trading platfo rm operates on native iOS and Android
devices, as well as a companion web application. Voleo has increased retail investor participation in the
stock market by breaking down barriers to entry, facilitating t rust and improving financial literacy. The
product is being white labeled by financial institutions around the world as an innovative product to
engage, retain and acquire retail customers.
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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 offer 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
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
1-604-681-8030
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 op portunities, the Company’s go to market strategy, future partn erships, 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 im pact of COVID-19 on the Company’s operations; the timely commencement
of operations by the Company and the success of such operations; the ability of the Company to implement its business plan as i ntended; 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
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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 Provider (as that term is defined in the policies of the TSX Vent ure Exchange) has reviewed
or accepts responsibility for the adequacy or accuracy of this release.