Category: Investor News & PR

  • [:en]Hello Pal Successfully Launches on Canadian Securities Exchange[:]

    [:en]Hello Pal Successfully Launches on Canadian Securities Exchange[:]

    [:en]

    Management Provides Corporate Update

    CSE Symbol:    HP
    Frankfurt Symbol:  27H

    Vancouver, British Columbia: Hello Pal International Inc. (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

    [line]

    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: [email protected]
    To view the Company’s investor presentation please follow this link: Investor Presentation
    To view a demonstration of the Hello Pal app please follow this link: Hello Pal Demonstration

    [line]

    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

    [:]

  • [:en]Neoteck Acquires Hello Pal Mobile Application[:]

    [:en]Neoteck Acquires Hello Pal Mobile Application[:]

    [:en]Completes Financing of $1.8 Million
    Lists on Canadian Securities Exchange

    May 13, 2016 – Vancouver, British Columbia.  HELLO PAL INTERNATIONAL INC. (the “Company”) (CSE: HP) is pleased to announce that it completed its acquisitions (the “Transaction”) of the Hello Pal Software Application (the “HPI Platform”) pursuant to the terms of an asset purchase agreement dated February 29, 2016 (the “Definitive Agreement”) with Hello Pal International, Inc. (“HPI”).  The Company also completed a private placement financing by issuing a total of 12,000,000 post-consolidation shares at a price of $0.15 per share for gross proceeds of $1,800,000.  As part of the Transaction, the Canadian Securities Exchange (the “CSE”) accepted the listing of common shares of the Company under the symbol “HP”.

    Acquisition of the HPI Platform

    Under the Definitive Agreement, the Company acquired the HPI Platform from HPI for 25,000,000 post-consolidation common shares of the Company (the “Transaction Shares”).

    Immediately prior to closing the Transaction, the Company consolidated its common shares on the basis of one post-consolidation common share of the Company for every 1.5 pre-consolidation common share of the Company (the “Consolidation”).  Following the Consolidation and prior to closing the Transaction and Financing (as defined below), the Company had 25,373,977 post-Consolidation common shares issued and outstanding.  As a result of closing the Transaction and Financing, the Company now has 64,373,977 common shares issued and outstanding.

    On closing of the Transaction, the Company changed its name to “Hello Pal International Inc.”

    Directors, Officers and Stock Options

    As a result of closing of the Transaction, KL Wong became the Chief Executive Officer, President and a director of the Company.  Gunther Roehlig and Robert McMorran will continue to serve as directors of the Company and Natasha Tsai will continue to serve as Chief Financial Officer of the Company.  In conjunction with closing of the Transaction, Stephen Pearce resigned as a director of the Company.

    The Company also granted stock options to purchase 6,400,000 common shares of the Company to its directors, officers and consultants.  Each stock option is exercisable at a price of $0.15 per share and expires five years from the listing date.

    Escrow Shares

    A total of 13,725,000 post-Consolidation common shares will be subject to the escrow requirements set forth in National Policy 46-201 whereby 10% of the escrowed shares will be released on the initial listing date and 15% of the escrowed shares will be released each six month period thereafter.

    About the Company’s HPI Platform

    The Company develops, markets and operates a live interactive social and language exchange platform.  The Company’s HPI Platform provides language tools including phrasebooks and real-time translation, allowing people from all around the world to interact with each other in completely foreign languages without prior learning.  The HPI Platform is available on mobile platforms, such as Android and iOS, and the Company’s website,www.hellopal.com.

    For further information please contact:

    Hello Pal International Inc.
    Gunther Roehlig, Director
    (604) 683-0911

    Forward Looking Information

    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. The Company 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 the Company’s control.  Such factors include, among other things: risks and uncertainties described in the Company’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, the Company 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.[:]

  • [:en]Neoteck Increases Proposed Financing to $1.75 Million[:]

    [:en]Neoteck Increases Proposed Financing to $1.75 Million[:]

    [:en]

    Obtains Conditional Acceptance to List on CSE

    May 6, 2016 – Vancouver, British Columbia.  NEOTECK SOLUTIONS INC. (“Neoteck”) (TSX-V: NEO.H) is pleased to announce that the Canadian Securities Exchange has conditionally accepted the listing of the common shares of Neoteck immediately following closing of its acquisition of the assets that comprise the Hello Pal Software application (the “HPI Platform”) in accordance with the terms of an asset purchase agreement dated February 29, 2016 with Hello Pal International Inc.  The details of the transaction are set forth in Neoteck’s news release issued on February 29, 2016.

    Increase to Proposed Financing

    Neoteck is also pleased to announce that it has increased its previously announced private placement financing from 8,333,334 post-consolidation common shares of Neoteck to 11,666,667 post-consolidation common shares of Neoteck at a price of $0.15 per post-consolidation common share of Neoteck for gross proceeds of $1,750,000 (the “Financing”).

    A portion of the Financing will be completed in accordance with the exemption set out in B.C. Instrument 45-536 – Exemptions from prospectus requirement for certain distributions through an investment dealer.  

    Assuming that the Financing is fully subscribed, Neoteck plans to allocate the gross proceeds of the Financing as follows: (i) $500,000 for enhancement of the HPI Platform, (ii) $200,000 for marketing and user acquisitions, (iii) $600,000 for general and administrative expenses, and (iv) $450,000 for working capital purposes.

    Subject to CSE approval, finder’s fees may be payable in connection with the Financing.

    About Hello Pal International, Inc. and the HPI Platform

    Hello Pal International, Inc. (“HPI”) was incorporated under the laws of the British Virgin Islands and it maintains its principal head office located in Road Town, Tortola, BVI.  The HPI 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 whole host of applications – including for language learning and socialization.  The HPI Platform 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.  The Hello Pal application was launched on the Google Play Store in May 2015 and iOS App Store November 2015. It is anticipated to be launched on the Windows platform in 2016.

    KL Wong is the Chief Executive Officer, director and controlling shareholder of HPI.

    About Neoteck

    Neoteck is a company incorporated under the laws of British Columbia and has been actively seeking out a business for its future operations.  Neoteck is listed for trading on the TSXV under the symbol “NEO.H”.

    For further information please contact:

    Neoteck Solutions Inc.
    Gunther Roehlig, CEO
    (604) 683-0911

    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. Neoteck 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 Neoteck’s control.  Such factors include, among other things: risks and uncertainties relating to Neoteck’s ability to complete the proposed Transaction; and other risks and uncertainties.  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, Neoteck undertakes no obligation to publicly update or revise forward-looking information.

    Completion of the transaction is subject to a number of conditions, including but not limited to, the Listing on the CSE, De-Listing from the TSXV and Neoteck Shareholder Approval. There can be no assurance that the transaction will be completed as proposed or at all.

    Investors are cautioned that, except as disclosed in the Management Information Circular or the CSE Form 2A – Listing Statement to be prepared in connection with the transaction, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of Neoteck should be considered highly speculative.

    The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

    A halt in trading shall remain in place until the De-Listing of Neoteck’s Shares from the TSX Venture Exchange.

    NEITHER TSX VENTURE EXCHANGE 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 RELEASE.[:]

  • [:en]Neoteck Solutions Inc. Announces Proposed Acquisition of Hello Pal Software Application[:]

    [:en]Neoteck Solutions Inc. Announces Proposed Acquisition of Hello Pal Software Application[:]

    [:en]Vancouver, British Columbia. NEOTECK SOLUTIONS INC. (“Neoteck”) (TSX-V: NEO.H)is pleased to announce that it has entered into a letter of intent dated February 8, 2016 (the “Letter of Intent”) with Hello Pal International, Inc. (“HPI”) whereby Neoteck and HPI have agreed to negotiate and settle a definitive agreement (the “Definitive Agreement”) whereby Neoteck has agreed to acquire all of the assets that comprise of the Hello Pal software application (the “HPI Platform”) on the proposed terms and conditions of the Letter of Intent (the “Transaction”).

    Neoteck further intends to apply to list the common shares of Neoteck on the Canadian Securities Exchange (“CSE”) and will de-list its common shares from the TSX Venture Exchange (“TSXV”) prior to closing of the Transaction. Upon closing of the Transaction, Neoteck intends to be listed as a technology issuer on the CSE.

    About Hello Pal International, Inc. and the HPI Platform

    Hello Pal International, Inc. (“HPI”) was incorporated under the laws of the British Virgin Islands and it maintains its principal head office located in Road Town, Tortola, BVI. The HPI 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 whole host of applications – including for language learning and socialization. The HPI Platform 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. The Hello Pal
    application was launched on the Google Play Store in May 2015 and iOS App Store November 2015. It is anticipated to be launched on the Windows platform in 2016.

    KL Wong is the Chief Executive Officer, director and controlling shareholder of HPI.

    Terms of Proposed Transaction

    Under the Letter of Intent, Neoteck and HPI propose to enter into the Definitive Agreement whereby Neoteck will acquire the HPI Platform. In consideration of the HPI Platform, Neoteck has agreed to issue 25,000,000 post-consolidation common shares of Neoteck to HPI on closing of the Transaction.

    Immediately prior to closing the Transaction, Neoteck will consolidate its common shares on the basis of one post-consolidation common share of Neoteck for every 1.5 pre-consolidation common share of Neoteck (the “Consolidation”). Neoteck currently has 38,060,966 common shares issued and outstanding. Following the Consolidation and prior to closing the Transaction and Financing (as defined below), the issued and outstanding post-Consolidation common share of Neoteck would be approximately 25,373,977.

    Neoteck plans to conduct a non-brokered private placement of 6,666,667 post-Consolidation common shares of Neoteck at a price of $0.15 per post-Consolidation common share of Neoteck for gross proceeds of $1,000,000 (the “Financing”). The proceeds of the Financing will be used to fund the operations of HPI Platform and for general working capital purposes. Subject to CSE approval, finder’s fees may be payable in connection with the Financing.

    On closing of the Transaction, Neoteck plans to change its name to “Hello Pal International Inc.” and the post-Consolidation common shares of Neoteck will be listed on the CSE under a new trading symbol.

    Neoteck and HPI are now in the process of drafting, settling and signing the Definitive Agreement on or before February 28, 2016, which Definitive Agreement will set out in full the terms of the Transaction. The Definitive Agreement will incorporate the terms of the Letter of Intent together with such additional representations, warranties, covenants, terms and conditions respecting the Transaction and all related matters as are usual and customary in transactions of a similar size and character.

    The Transaction will be subject to the conditions precedent that will be set out in the Definitive Agreement, including the following: (i) Neoteck listing its common shares on the CSE and de-listing its common shares from the TSXV, (ii) completion of the Financing, and (iii) completion of the Consolidation.

    On signing of the Definitive Agreement, Neoteck will issue a further press release to provide, among other things, selected financial information respecting HPI.

    Intention to De-List from the TSXV and to Seek Listing on the CSE

    Upon entering into the Definitive Agreement, Neoteck will apply to list its common shares on the CSE (the “Listing”). The Company is in the process of preparing to submit the requisite listing documents to the CSE, however, there is no assurance the CSE will provide conditional or final approval of Neoteck’s
    application to list its common shares on the CSE.

    Further, the Company will apply to delist its common shares from the TSXV and will de-list prior to completing the Transaction and the CSE listing (the “De-Listing”). The De-Listing is subject to the approval of the TSXV.

    The details of the Transaction will be set forth in the CSE Form 2A – Listing Statement, which will be submitted to the CSE (the “Listing Statement”). Upon submission of the final Listing Statement, the Company will seek to obtain approval of the majority of the shareholders of the Transaction prior to closing the Transaction and Listing.

    Directors and Officers following closing of the Transaction

    Upon completion of the Transaction, it is anticipated that the board of directors of Neoteck will comprise of three individuals. As of the date of this news release, the following persons are anticipated to be the directors and officers of Neoteck following completion of the Transaction:

    KL Wong –Chief Executive Officer, President and Director

    Mr. Wong founded and has served as Chief Executive Officer and Director of HPI since 2007. From 1995 to 1999, Mr. Wong was a lawyer at Clifford Chance in London, England where he specialized in Chinese law and technology/telecoms markets. Mr. Wong was a VP of Business Development at China.com (NASDAQ: CHINA) and Hongkong.com (HK: 8006) from 1999 through to 2001. He was the President of Softbank Investment (HK: 0648) from 2001 through to 2007 where he was involved mainly in technology-related projects throughout China. From 2008 to present, Mr. Wong is the founder and CEO of BrillKids – a firm specializing in early advanced childhood education.

    Gunther Roehlig – Director

    Mr. Roehlig has more than 15 years of experience in the financial and investment industry. In particular, Mr. Roehlig has experience in restructuring, managing and financing junior public companies. Most recently, Mr. Roehlig served as the president of Terra Ventures Inc., which held a 10% stake in the high grade Roughrider uranium discovery owned by Hathor Exploration. In May 2011, Terra Ventures was acquired by Hathor Exploration – Hathor was then subsequently acquired by one of the world’s largest mining companies Rio Tinto in late 2011.

    Robert McMorran – Director

    Mr. McMorran is a Certified Professional Accountant (CPA, CA). In July 1997 he founded Malaspina Consultants Inc., a private company that provides CFO, accounting and administrative support services to junior public companies. Mr. McMorran has held board and senior management positions with a number of public companies since 1991 and is a director and or CFO of a number of companies, including Encanto Potash Corp. and Santacruz Silver Mining Ltd

    Arm’s Length Transaction

    None of Neoteck’s non-arm’s length parties hold a direct or indirect beneficial interest in or are insiders of HPI.

    Sponsorship

    As Neoteck will be de-listing from the TSXV prior to closing of the Transaction, it will not be retaining a Sponsor in connection with this Transaction.

    About Neoteck

    Neoteck is a company incorporated under the laws of British Columbia and has been actively seeking out a business for its future operations. Neoteck is listed for trading on the TSXV under the symbol “NEO.H”.

    For further information please contact:

    Neoteck Solutions Inc.
    Gunther Roehlig, CEO
    (604) 683-0911

    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. Neoteck 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 Neoteck’s control. Such factors include, among other things: risks and uncertainties relating to Neoteck’s ability to complete the proposed Transaction; and other risks and uncertainties. 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, Neoteck undertakes no obligation to publicly update or revise forward-looking information.

    Completion of the transaction is subject to a number of conditions, including but not limited to, the Listing on the CSE, De-Listing from the TSXV and Neoteck Shareholder Approval. There can be no assurance that the transaction will be completed as proposed or at all.

    [hr]

    Investors are cautioned that, except as disclosed in the Management Information Circular or the CSE Form 2A – Listing Statement to be prepared in connection with the transaction, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading
    in the securities of Neoteck should be considered highly speculative.

    [hr]

    The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

    A halt in trading shall remain in place until the De-Listing of Neoteck’s Shares from the TSX Venture Exchange.

    NEITHER TSX VENTURE EXCHANGE 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 RELEASE.[:]