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News Update

TICKERS: MTRX

Artificial Intelligence Retail Marketing Firm Applies for OTCQB Listing
News Update

Source:

This move by Loop Insights could "widen the company's exposure and scope of opportunity in the U.S. market."

Loop Insights Inc. (MTRX:TSX.V) applied for "eligibility to The Depository Trust Company ("DTC") in preparation for trading company shares on the OTCQB® American Venture Market, operated by OTC Markets Group based in New York," it announced in a news release.

"By trading on the OTCQB® with DTC eligibility, we are being attentive to this investor demand, in a nation that has one of the largest retail markets," Loop CEO Rob Anson said in the release.

"With so many US-based opportunities and partnerships already in the pipeline, it's a no-brainer for us to list on this exchange. It's an important, and natural step, as our compelling story grows and transcends geographical borders," Anson added.

A listing on the OTCQB Venture Market would afford the Vancouver-based company exposure and access to a significantly larger, international investor audience and greater attention in the U.S., the company stated.

Loop noted that the listing would allow the artificial intelligence tech firm to capitalize on two current trends. One is retailers looking for innovative technologies to help them increase sales and supply chain productivity in their brick and-mortar stores. The other is the shift in technology funding toward in-store and away from e-commerce technologies.

DTC eligibility "would offer an electronic trading method that drives cost effective, timely settlements," the release explained.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Loop Insights. Please click here for more information. Within the last six months, an affiliate of Streetwise Reports has disseminated information about the private placement of the following companies mentioned in this article: Loop Insights.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Loop Insights, a company mentioned in this article.




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