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Orthogonal Global Group Debuts Name Change, Announces Trading on the Frankfurt Stock Exchange Under Ticker Symbol: KZ2

Thursday, 11 January 2024 07:30 AM

TORONTO, ON / ACCESSWIRE / January 11, 2024 / Orthogonal Global Group Inc. ("Orthogonal" or the "Company") (CSE:OGG)(OTC PINK:OGGIF)(FRA:KZ2), a diversified investment company focused on furthering initiatives in the wellness, healthcare, AI, digital ownership, deep tech and fintech spaces, announces that the Company has successfully changed its name to "Orthogonal Global Group Inc." from "Web3 Ventures Inc.".

The Company will begin trading on the Canadian Securities Exchange ("CSE") under the new name at the commencement of today's market open on January 11, 2024 under the ticker symbol "OGG".

Further to the Company's news release on January 8, 2024, Orthogonal would like to remind shareholders that no action is required regarding the name change, and all outstanding share certificates will not be affected by the name change and are not to be exchanged.

In conjunction with the name change and ticker change, the Company would also like to announce that its OTC Pink ticker symbol has been updated to "OGGIF".

Orthogonal Global Group Now Trading on the Frankfurt Stock Exchange

The Company would also like to announce that it is now available to trade on the Frankfurt Stock Exchange ("FSE") under the ticker symbol "KZ2".

The largest of Germany's seven stock exchanges, the FSE, operated by the Deutsche Boerse AG, is one of the world's largest international trading centers for securities. Responsible for approximately 90 percent of all securities traded in Germany, the FSE facilitates advanced electronic trading, settlement, and information systems, enabling cross-border trading for international investors.

"Liquidity and transparency are the cornerstones of Orthogonal," said David Nikzad, Orthogonal's CEO and Co-Founder. "Listing on the Frankfurt exchange has been a milestone that we've been eager to achieve since going public. We now have unlocked the opportunity to reach new audiences and investor demographics. Our goal is to keep this momentum going for the rest of 2024, and onward."

The rebrand marks the Company's commitment to advancing the world through accelerated disruption, aligning its vision and values. Orthogonal is the embodiment of innovation, oftentimes through untraditional methods, driven by tangential energy for perpetual progress. Orthogonal explores diverse environments with a fresh perspective to assess opportunities. The Company's investment strategy continues to aim for positive impact and value in wellness, technology, web 3.0, AI, digital ownership, deep tech, and fintech.

Visit Orthogonal Global Group's newly branded website: www.orthoglobalgroup.com.

About Orthogonal Global Group

Orthogonal Global Group is a Utopian Asset Class focused on identifying, incubating, accelerating, and developing world-class projects and applications in wellness, healthcare and the decentralized web. As a diversified investment company, Orthogonal supports founders and entrepreneurs. The Company's core investment pillars are blockchain-based transparency, secured identity, verified communications, and gamification, focusing on early-stage, small, and medium enterprises.

For further information please contact:

Orthogonal Global Group Inc.
David Nikzad
CEO and Co-Founder
Telephone: 1-866-395-6989
Email: [email protected]
Website: www.orthoglobalgroup.com

Cautionary Note Regarding Forward-Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of the Company. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the news release, such forward-looking statements include, but are not limited to, statements regarding the Company's performance, business objectives and milestones.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation: the Company's ability to comply with all applicable regulations and laws, including environmental, health and safety laws; the Company has sufficient working capital for future operating activities; the ability of the Company to achieve its business objectives and milestones and the anticipated timing of execution; the Company's ability to continue as a going concern; the Company's ability to achieve profitability in the 2024 fiscal year; the Company's ability to obtain additional financing for continued operations on terms acceptable to the Company outlined herein.

The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward-looking statements due to a number of factors and risks. These include: changes in general economic, business and political conditions, including changes in the financial markets; consents or authorizations required; changes in laws, regulations and policies affecting the Company's operations; currency fluctuations; environmental issues and liabilities; the inability of the Company to obtain additional financing for continued operations on terms acceptable to the Company; the lack of control over the Company's investees; risks relating to investing in the SVS; r volatility in the market price of the Company's SVS; dilution of shareholders' holdings; negative operating cash flow; the negative effects of interest rate and exchange rate changes; the potential impact of health crises and market instability due to the COVID-19 pandemic; risks relating to the Company's reliance on key employees; limitations in the liquidity of the SVS; litigation risks; risks with the integration of new businesses and acquisitions; risks related to the Company's status as an "emerging growth company" under the U.S. securities laws; the Company's inability to expand into new business areas and geographic markets; management of growth; the risk of defaulting on existing debt; the Company's inability to continue as a going concern; and the Company's inability to achieve profitability in 2024.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties, and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated, or intended. The Company does not intend and does not assume any obligation to update this forward-looking information except as otherwise required by applicable law.

SOURCE: Orthogonal Global Group

Topic:
Company Name Change
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