Montreal, Quebec–(Newsfile Corp. – August 6, 2020) – GOLO Mobile Inc. (TSXV: GOLO) (“GOLO” or “the Company”) today announced it has signed service agreements with three premium Montreal real estate buildings: La Tour des Canadiens Phase 2, Le Solano Phase 4 and Le Laurent Clark Phase 2. These buildings represent 1,000 new doors added to GOLO’s multi-residential real estate portfolio.
The three buildings will all employ the innovative technology platform created by Walter Innovations Inc. (“Walter”), which was acquired by GOLO last month. All previous phases for each building also employed the Walter technology.
“We’re excited to add 1,000 premium doors to our portfolio,” said Peter Mazoff, President and CEO. “These new doors come on the heels of the 4,600 doors we added last week, which speaks to Walter’s quality reputation. The Walter technology continues to demonstrate its value within the multi-residential sector and we believe we can also replicate this success on the commercial side of the real estate business.”
La Tour des Canadiens is located in downtown Montreal and consists of over 550 condominium units. Le Solano is comprised of two distinct blocks with four buildings located in Old-Montreal and Le Laurent Clark, also in downtown Montreal, consists of two towers comprising 355 units.
Forward Looking Information
Certain statements in this news release are forward-looking statements, which are statements that are not purely historical, including statements regarding the beliefs, plans, expectations or intentions of GOLO and its management regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors, and the more extensive risk factors included in the Company’s Management Information Circular dated May 24, 2019, which is available on SEDAR at www.sedar.com, carefully in evaluating the forward-looking statements contained in this news release, and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements in this news release are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
About GOLO Mobile Inc.
GOLO (TSXV: GOLO) provides a solution for the final 100 feet of Last Mile Delivery for properties via its concierge service as well as its ability to manage all packages and deliveries that enter a property. The Company’s focus is on office buildings, residential towers, corporate campuses, hospitals, airports and other highly populated areas. GOLO is publicly traded on the TSXV and its controlling shareholder is controlled indirectly by affiliates of Blackstone Group L.P. and the funds comprising CVC Capital Partners VI. Learn more at www.golo.io.
For Further Information:
Peter Mazoff, Chief Executive Officer
No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) is responsible for the adequacy or accuracy of this press release.