TORONTO, ON / ACCESSWIRE / January 10, 2022 / HIRE Technologies Inc. (TSXV:HIRE)(OTCQB:HIRRF) ("HIRE" or the "Company"), a company focused on modernizing and digitizing human resources solutions, is pleased to announce that effective today, the Company's common shares will commence trading on the OTCQB Venture Market under the symbol "HIRRF". HIRE's common shares will continue to trade on the TSX Venture Exchange under the symbol "HIRE".
"We are excited that HIRE has been listed on the OTCQB as this will allow us to reach more US investors," said Simon Dealy, HIRE's Chief Executive Officer. "Increasing accessibility and liquidity, especially in the US market, is another step towards achieving our investor relations objectives. We look forward to strengthening our relationships with US investors and highlighting the Company's growth opportunities in the massively fragmented and growing USD $500+ billion(1) staffing market."
The OTCQB Venture Market is designed for entrepreneurial and developing companies that are current in their reporting, have passed a bid test requirement and undergo an annual verification and management certification process. Investors can find Real-Time Level 2 quotes and market information for the Company on www.otcmarkets.com.
In addition, the Company has applied for eligibility to the Depository Trust Company (the "DTC"), a subsidiary of the Depository Trust & Clearing Corp., for electronic settlement and clearing of its common shares in the United States.
- Source: Statista, The Staffing Industry Worldwide (Aug 2021)
About HIRE Technologies Inc.
HIRE is investing in and shaping the future of human resource management with a technology-first focus, by consolidating and modernizing the staffing marketplace. The Company owns and operates staffing firms as well as platform technology that it uses to help those firms become more technologically advanced. The Company is a disciplined capital allocator due to its technology DNA and extensive experience in building and growing staffing companies of all types. HIRE has a large recurring revenue base and helps clients manage change in the workplace in order to achieve success. For more information, visit hire.company.
Simon Dealy, Chief Executive Officer
Caroline Sawamoto, Investor Relations
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Information
This news release contains "forward-looking statements" or "forward-looking information" (collectively referred to hereafter as "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements that address activities, events, or developments that HIRE expects or anticipates will, or may, occur in the future, including anticipated benefits from the Company's OTCQB listing, receipt of DTC eligibility approval, and HIRE's business prospects, future trends, plans and strategies, are forward-looking statements. In some cases, forward looking statements are preceded by, followed by, or include words such as "may", "will," "would", "could", "should", "believes", "estimates", "projects", "potential", "expects", "plans", "intends", "proposes", "anticipates", "targeted", "continues", "forecasts", "designed", "goal", "anticipate" or the negative of those words or other similar or comparable words.
Although the management of HIRE believes that the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement herein will prove to be accurate. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of HIRE to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Risks and uncertainties applicable to the Company, as well as trends identified by the Company affecting it and the staffing industry can be found in the Company's Q3-2021 MD&A and its continuous disclosure record available on SEDAR. Such cautionary statements qualify all forward-looking statements made in this news release. HIRE undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
SOURCE: HIRE Technologies Inc.