Montreal, Quebec–(Newsfile Corp. – July 30, 2020) – GOLO Mobile Inc. (TSXV: GOLO) (“GOLO” or “the Company”) today announced it has launched its innovative technology for Habitat 67 (“Habitat”), a prestigious housing complex in Montreal and has entered into a service agreement with Sentinel Gestion Immobilière (“Sentinel”), a real estate management company with multiple premier buildings in Montreal.
The innovative technology platform being used by Habitat was created by Walter Innovations Inc. (“Walter”), which was recently acquired by GOLO.
“We are honoured and privileged to have been selected by Habitat to launch our innovative technology,” said Peter Mazoff, President and CEO. “Walter’s innovative technology platform is a key differentiator for us and to be adopted by a historical landmark such as Habitat, speaks to the value it can bring across the entire multi-residential real estate sector.”
The Sentinel agreement, GOLO’s first since the Walter acquisition, adds 3,100 new doors, of which approximately 1,000 are located in the student housing sector. Sentinel will also incorporate Walter’s innovative technology platform across its entire property portfolio.
“The acquisition of Walter provided us with an immediate presence in the multi-residential real estate sector and this agreement bolsters that presence and provides us with a new foothold in the student housing market, a prime market for last mile delivery,” said Mr. Mazoff. “Sentinel’s decision to implement the Walter technology across its entire portfolio speaks to the value it provides property managers and tenants alike and helps establish its credibility as we begin rolling it out across our commercial customer base.”
In addition to the Sentinel agreement, GOLO added 1,500 new doors via existing and new property managers. The Company looks forward to updating shareholders as it continues to gain traction in the multi-residential real estate sector.
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.
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