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VANCOUVER, British Columbia, Jan. 17, 2024 (GLOBE NEWSWIRE) — MEDBRIGHT AI INVESTMENTS INC. (CSE: MBAI; OTCQB: MBAIF; FSE: 1V7) (“MedBright” or the “Firm”) pronounces that it has been requested by OTC Markets Group Inc. (“OTC Markets”) to situation this assertion about promotional exercise regarding its frequent shares traded on the OTCQB market (operated by OTC Markets).
On January 9, 2024, OTC Markets knowledgeable the Firm that it turned conscious of sure promotional actions in regards to the Firm and the frequent shares traded on the OTCQB Market, together with the distribution of three promotional e-newsletter emails printed by Kevin Vander of www.10XProTrader.com discussing the Firm, its applied sciences and the healthcare providers market. OTC Markets offered examples of the promotional materials for reference.
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All three examples of the promotional materials are derived from a third-party advertising and promoting agency. On December 28, 2023, the Firm entered right into a advertising settlement with Outdoors The Field Capital Inc. (“OTB”), whereby OTB would offer sure promotional and promoting providers to the Firm. OTB is permitted to additional rent third events. The settlement entered into with OTB is legitimate till June 28, 2024, if not earlier terminated by mutual consent.
After an inquiry of administration, the Firm was conscious of the distribution of every e-newsletter as of January 12, 2024 and paid for his or her distribution. Nonetheless, not one of the Firm and its officers have been concerned, instantly, with the creation of the supplies. The Firm offered the service suppliers publicly accessible supply info for the newsletters and didn’t have editorial management over the supplies, together with reviewing the supplies for factual accuracy previous to their dissemination. Every of the newsletters introduced factual statements relating to the healthcare providers market and the Firm’s know-how.
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The Firm doesn’t consider the statements within the newsletters have been false or deceptive. The Firm has been suggested by OTC Markets that OTC Markets takes the place that the newsletters tout the Firm and encourages traders to buy its shares. The Firm needs to warning readers that these statements are speculative in nature. For extra full and particular info relating to the Firm, its prospects, and the dangers related to these prospects, readers ought to seek the advice of the Firm’s public filings on SEDAR+, its web site, and different dependable sources. The Firm encourages traders to contact their funding advisors prior to creating any funding.
Additional, the Firm understands this promotional exercise might have coincided with elevated buying and selling exercise within the frequent shares starting on January 9, 2024. The Firm doesn’t consider the promotional actions have been an element within the latest improve in buying and selling quantity within the Firm’s frequent shares. Reasonably, the Firm attributes the rise to the information launch issued by the Firm on January 9, 2024 asserting that Rejuvenation medical group, a distinguished dermatology group and a pacesetter in superior dermatological care, determined to undertake MedMatrix (during which the Firm is a big shareholder) throughout all its clinics in Canada.
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After an inquiry of administration, not one of the officers and administrators of the Firm offered or bought securities of the Firm throughout the previous 90 days. To the extent of administration’s data, not one of the controlling shareholders have offered or bought the Firm’s securities throughout the previous 90 days. Moreover, administration just isn’t conscious of any third-party service suppliers who’ve offered or bought the Firm’s securities throughout the previous 90 days.
OTC Markets has additional requested that the Firm state whether or not, at any level, it has issued any shares or convertible devices permitting conversion to fairness securities at costs constituting a reduction to the present market price on the time of the issuance. As disclosed in its public filings on SEDAR, the Firm has not issued shares or convertible devices permitting conversion to fairness securities at costs constituting a reduction to the present market price on the time of the issuance in accordance with the insurance policies of the Canadian Securities Change.
Prior to now 12 months, the Firm has entered into an settlement with OTB, as beforehand described above, to offer investor relations providers, public relations providers, advertising, and different associated providers together with the promotion of the Firm or its securities. The Firm has additionally entered into: (i) a advertising settlement with Rising Markets Consulting LLC (“EMC”) dated September 19, 2023, pursuant to which EMC agreed to offer investor and public relations providers for the Firm and which providers have been discontinued; (ii) a advertising settlement with Hyperlink Media LLC (“Hyperlink”) and Crush Ventures LLC (“Crush”) dated September 20, 2023, pursuant to which Hyperlink and Crush agreed to offer sure promotional and promoting providers to the Firm which have each been discontinued and (iii) a advertising settlement with Triomphe Holdings Ltd. DBA Capital Analytica (“Capital Analytica”) dated November 15, 2023, whereby Capital Analytica has agreed to offer sure promotional and promoting providers to the Firm. The settlement entered into with Capital Analytica is legitimate till February 15, 2024, if not earlier terminated by mutual consent.
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MedBright additionally pronounces that it has engaged Successful Media LLC (“Successful Media”) to offer investor relations and digital promoting providers to the Firm. Successful Media is a Houston, Texas based mostly advertising company that focuses on digital and company model advertising providers to reinforce company visibility and retail investor consciousness. Successful Media will present its providers by the use of textual content and e mail, podcasts, web sites and different digital mediums as applicable. The engagement of Successful Media will lengthen for a interval of 60 days, to start when approved by the Firm. Successful Media might be paid a price of US$50,000 payable upfront of the initiation of providers. Successful Media’s enterprise handle is 1415 S Voss, Suite 110-431, Houston, Texas 77057, phone: (281) 804-7972 and e mail: ty@successful.media. Neither Successful Media nor any of its principals at the moment personal any curiosity, instantly or not directly, within the Firm.
MedBright additional pronounces that it has engaged Longtable Capital Companions (“Longtable), a Vancouver-based communications agency which makes a speciality of aiding firms to successfully talk their company methods and milestones to an investor-focused viewers. Their experience spans capital markets, omni-channel advertising, and company growth, serving purchasers at each stage of development. Longtable will present its providers by the use of telephone, e mail and different digital mediums as applicable. Longtable might be compensated $2,000 per thirty days on a month to month foundation. Longtable’s enterprise handle is 4603 – 1372 Seymour Road, Vancouver BC, phone: (778) 231-6324 and e mail: Contact@longtablecapital.com. Neither Longtable nor any of its principals at the moment personal any curiosity, instantly or not directly, within the Firm.
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About MedBright AI Investments Inc.
MedBright AI is a capital allocator centered on investing in healthcare know-how firms. The group at MedBright prides themselves on unparalleled entry to alternatives, in addition to structuring distinctive and advantageous investments. MedBright’s mission is to assemble a portfolio of synergistic investments to generate superior returns for shareholders. MedBright will give attention to vital near-term and midterm high-quality alternatives with robust return potentials whereas sustaining dedication to governance. Click on right here to view the MedBright AI company video.
MedBright AI Investments Inc.
Trevor Vieweg, Chief Government Officer
Electronic mail: traders@medbright.ai
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