Hello Pal Successfully Launches on Canadian Securities Exchange
Mittwoch, 01.06.2016 09:15 von DGAP
DGAP-News: Hello Pal International Inc. / Key word(s): Miscellaneous
Hello Pal Successfully Launches on Canadian Securities Exchange
01.06.2016 / 09:11
The issuer is solely responsible for the content of this announcement.
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Vancouver, British Columbia--(Newsfile Corp. - June 1, 2016) - Hello Pal
International Inc. (CSE: HP) (the 'Company') is pleased to report a
successful launch of the Company on the Canadian Securities Exchange. In
conjunction with this launch the Company closed an oversubscribed financing
for gross proceeds of $1,800,000. This financing was originally announced
at $1,000,000 but due to strong investor demand was increased. The
Company's key asset is Hello Pal, a mobile app which allows users to find
and easily communicate with people globally, was conceived and developed by
KL Wong, the Company's CEO. As a Malaysian-born, British-educated
entrepreneur who spent many years working in Hong Kong and Mainland China,
KL Wong will use his previous successes in building other technology
related projects in North America and Asia to continue the growth of the
Hello Pal app. 'After the successful launch on the Canadian Securities
Exchange, we have assembled an experienced core team that will allow us to
leverage their technology and infrastructure content experience,' Wong
said. 'Given the international nature of the Hello Pal app, the Company is
building an international team with members spread across Europe, North
America, Asia and Latin America.' Hello Pal was launched on Android a year
ago and on iOS half a year later. Despite minimal marketing, the Hello Pal
app has already garnered over 700,000 registered users from over 100
countries around the world. Proceeds from the recent financing will be used
in large part for user acquisition in order to aggressively increase the
user numbers further. The Company plans to capitalize on the tremendous
growth in social interaction through messaging apps and mobile e-learning
especially around the demand for language learning platforms. The app also
capitalizes on travelers' desire to meet new friends before and during a
trip to make traveling easier and more meaningful. The core function of
Hello Pal is a solid messaging app that helps remove language barriers to
create a borderless global community. 'The Company is perfectly poised to
take advantage of the increasing globalization of today's society, where
cross-culture socialization, language learning and travel play increasingly
important roles,' said Hans Xu, senior partner of New Margin Investment -
one of the largest and most prominent venture capital firms in China and
the lead investor in the last financing round. 'The Company's team is also
uniquely suited to make this happen.' The Company is also planning an
investor outreach and awareness program in North America, Europe and Asia.
Along with an existing European listing on the Frankfurt Stock Exchange an
application has been made for a US trading symbol. The Company expects this
symbol to be live in the coming month. Hello Pal International Inc. KL
Wong, CEO For information with respect to the Company or the contents of
this news release, please contact Ryan Johnson, Corporate Development at
(604) 683-0911 or visit the website at www.hellopal.com. Email inquiries
can be directed to: investors@hellopal.com To view the Company's investor
presentation please follow this link: Investor Presentation [url:
http://hellopal.com/investors/d.php?HelloPal-investor-deck-2016-05-23.pdf]
To view a demonstration of the Hello Pal app please follow this link: Hello
Pal Demonstration [url: https://www.youtube.com/watch?v=LGERSwxMWpI] About
Hello Pal International The Hello Pal Platform is a proprietary and open
social exchange language and learning mobile application and network (i.e.,
a full mobile language exchange) for use in a number of applications -
including language learning and socialization. Hello Pal has been designed
from the ground up to be easy to use and enables users' the freedom to
speak in their own language regardless of the other person's language they
are speaking to. Hello Pal's overriding mission is to bring the world
closer together through social interaction, language learning and travel.
Information set forth in this news release contains forward-looking
statements. These statements reflect management's current estimates,
beliefs, intentions and expectations; they are not guarantees of future
performance. Hello Pal cautions that all forward looking statements are
inherently uncertain and that actual performance may be affected by a
number of material factors, many of which are beyond Hello Pal's control.
Such factors include, among other things: Hello Pal's limited operating
history, obtaining regulatory approvals and those risks and uncertainties
described in Hello Pal's Listing Statement dated May 10, 2016 available on
www.cnsx.ca. Accordingly, actual and future events, conditions and results
may differ materially from the estimates, beliefs, intentions and
expectations expressed or implied in the forward looking information.
Except as required under applicable securities legislation, Hello Pal
undertakes no obligation to publicly update or revise forward-looking
information. THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE
INFORMATION CONTAINED HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE
Click on, or paste the following link into your web browser, to view
the associated documents
http://www.newsfilecorp.com/release/20864
News Source: Newsfile
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01.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Hello Pal International Inc.
Canada
ISIN: CA4234071054
End of News DGAP News Service
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468233 01.06.2016