SalesCloser Enters Global Hospitality Sector and Announces Engagement with Major North American Hotel

1 hour ago 3

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Corporate Contact:
Adrian Lim, CFO
Email:  [email protected]
Phone: 778 655 4329

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Investor Relations Contact:
Arx Investor Relations
North American Equities Desk
[email protected]

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Forward-Looking Statements           
Statements that are not reported financial results or other historical information are forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, “forward-looking statements”). This press release includes forward-looking statements regarding the Company, its subsidiaries and the industries in which they operate, including statements about and references to the Company’s entry into the hospitality vertical, the anticipated benefits of the deployment with the customer, expected service quality, responsiveness, and operating efficiency improvements for the customer, the ability to expand into the broader hotel, resort, and hospitality market, future growth of the Company’s products and platforms, the future development and increased use of products incorporating artificial intelligence, the Company’s ability to scale operations, expectations regarding revenue growth and customer acquisition, the ability to capitalize on market demand for conversational AI in operational service environments, technology development and platform advancement initiatives, commercial expansion and go-to-market strategies, future profitability, business and acquisition strategies, opportunities, objectives, prospects, the impact of broader economic factors on the Company, and future events and performance. Sentences and phrases containing or modified by words such as “expect”, “anticipate”, “plan”, “continue”, “estimate”, “intend”, “may”, “will”, “project”, “predict”, “potential”, “targets”, “projects”, “is designed to”, “strategy”, “should”, “believe”, “contemplate” and similar expressions, and the negative of such expressions, are not historical facts and are intended to identify forward-looking statements. Readers are cautioned to not place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements in this press release are reasonable, such forward-looking statements have been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including, but not limited to, risks associated with changes to SalesCloser’s revenue and profitability, the early stage of the Company’s expansion into the hospitality sector, customer adoption and retention risks, risks relating to third-party integrations (including Oracle Hospitality and other enterprise systems), risks relating to reliance on telecommunications and infrastructure partners, changes to customer preferences, competition, use cases for SalesCloser and other products, economic uncertainty and instability, instability in global commodity and securities markets, shifts in consumer and institutional spending and marketing strategies, risks related to data breaches and privacy, the changing global market and competition for the products and services supplied by the Company, and the additional risk factors discussed in the continuous disclosure materials of the Company which are available under the Company’s profile on SEDAR+ at

www.sedarplus.ca. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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1 Source: AltexSoft, Top Hotel Groups, Chains, and Brands: Number of Rooms, Revenue, Market Cap (industry analysis), available at https://www.altexsoft.com/blog/hotel-groups-chains-brands/

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