TORONTO, April 24, 2018 (GLOBE NEWSWIRE) -- Internet of Things Inc. (TSX VENTURE:ITT) (OTC:INOFT) (FRANKFURT:71T) (“ITT Inc.” or “the Company”) an IoT software and solutions provider targeting the Industrial IoT market, announces that the Company has applied for approval from the TSX Venture Exchange to extend the expiry date of an aggregate of 3,950,000 common share purchase warrants issued to subscribers (the “Subscriber Warrants”) pursuant to the Company’s private placement financing, which closed on April 30, 2015.
The expiry date of 3,950,000 Subscriber Warrants issued pursuant to the private placement have been extended from April 30, 2018 until April 30, 2019.
The exercise price of $0.075 and all other terms of the Subscriber Warrants remain unchanged for the extended exercise period. The extension is subject to final approval from the TSX Venture Exchange.
About Internet of Things Inc.
Internet of Things Inc. (www.iotintl.com) is an Internet of Things (IoT) software and solutions provider. The company acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets, including manufacturing, energy management, agriculture, transportation, social, cybersecurity, e-commerce and fintech. ITT Inc. has a joint venture partnership with New Hope Data Technology Co. Ltd for China. Its wholly-owned subsidiary Digital Blockware Inc. develops and provides customized, scalable blockchain solutions. The company is headquartered in Toronto, Canada.
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Internet of Things Inc.
Michael Frank, CEO
Tel: (416) 792-9088
Email: investor@iotintl.com
To learn more, visit: www.iotintl.com
Cautionary and Forward-Looking Statements
Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking information" within the meaning of applicable Canadian securities laws. Such forward-looking information, includes, but is not limited to, the relationship between Company and New Hope, the parties entering into definitive agreements with regards to the joint venture, the use of the Company and the joint venture within the New Hope's manufacturing processes and projected revenue and income of the joint venture. While such forward-looking statements are expressed by the Company, as stated in this release, in good faith and believed by the Company to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investors' own risk.
NEITHER THE 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.