01 Communique Announces Marketing Agreement with Hybrid Financial

01 Communique Laboratory (TSXV:ONE) announced that it has entered into marketing agreement with Hybrid Financial.

The company which offers a suite of remote access services designed for small-medium sized business said that as per the agreement Hybrid agreed to assist the company in developing and implementing an investor relations campaign.

As quoted in the press release:

The Agreement commences June 25, 2018 and is for an initial term of 3 months after which it resorts to a month to month basis. Compensation for services rendered includes a monthly fee of $14,000 to be paid from working capital and the Company is granting 400,000 stock options at an exercise price of $0.05 per share. The grant date is June 25, 2018 with a term of 5 years. If the agreement is terminated, unvested options will not be eligible for exercise and all vested options shall be eligible for exercise for a period ended 12 months following termination.

“We look forward to working with Hybrid as we move forward with our new direction,” said Andrew Cheung, President and CEO for 01 Communique. “We recently announced plans to transition our focus and strategy to the development of a Post-Quantum Blockchain. In summary, our vision is to develop a Post-Quantum Blockchain, which can be implemented on classical computer systems as we know them today while at the same time be secure enough to safeguard against potential Quantum Computer attacks.”

Hybrid Financial is a sales and distribution company working on behalf of clients in the financial services industry. Hybrid’s unique approach helps effectively and efficiently build brands and launch products on behalf of small, medium, and large clients. Offices in Toronto and Montreal allow Hybrid to comprehensively cover both United States and Canadian markets. Mr. Steve Marshall, President and co-founder, will be overseeing the services provided to the Company from Hybrid’s Toronto office.

Other than the options described above, the Company has been advised that Hybrid does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

Click here for the full press release.