Givex Announces Review of Requisition

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Toronto, Ontario–(Newsfile Corp. – November 7, 2022) – Givex Information Technology Group Limited (TSX: GIVX) (OTCQX: GIVXF) (“Givex” or the “Company“) today announced that it has formed a special committee of its board of directors to review and make recommendations to the board related to the requisition for a shareholders meeting (the “Requisition“) delivered by Inter.Act Venture Fund Inc. (“Inter.Act Venture“) on November 2, 2022. After review of the Requisition by the board, the Company will provide an update.

The Company notes that Inter.Act Venture issued a press release today regarding certain requests for information related to the Requisition. The Inter.Act press release both misstates and omits facts and is a calculated attempt to promote self-interest and pressure the board while it considers the Requisition.

About Givex

Givex (TSX: GIVX) (OTCQX: GIVXF) is a global fintech company providing merchants with customer engagement, point of sale and payment solutions, all in a single platform. We are integrated with 1000+ technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Our platform is used by some of the world’s largest brands, comprising approximately 115,000 locations across more than 100 countries. Learn more at givex.com.

Legal Notice

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

Disclaimer for Forward-Looking Statements

Certain statements in this press release constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance objectives or achievements of the Company, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward-looking statements. These statements reflect the Company’s current views regarding future events and operating performance, are based on information currently available to the Company, and speak only as of the date of this press release. Although the Company believes that the expectations and assumptions reflected in these forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements, which are not guarantees and are subject to certain risks, uncertainties and assumptions, which may cause actual performance and financial results to differ materially from such forward-looking statements. The forward-looking statements included in this press release are made only at the date of this press release and, except as required by applicable securities laws, the Company does not undertake to publicly update such forward-looking statements to reflect new information, future events or otherwise.

For further information, please contact:

Joe Donaldson, Chief Marketing Officer, [email protected], 416.350.9660
CO: Givex

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143422