Logiq hires The Benchmark Company to explore restructuring initiative
NEW YORK, September 30, 2021 (GLOBE NEWSWIRE) – Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning e-commerce and fintech solutions, has engaged The Benchmark Company to assist Logiq with a recently announced restructuring initiative to increase shareholder value.
These alternatives could include, among others, mergers and acquisitions for Logiq’s DataLogiq business, which provides data-driven end-to-end e-commerce marketing solutions. It could also include splitting Logiq’s AppLogiq business into another public or private company, an IPO, or a commercial sale. AppLogiq includes the PayLogiq â¢ e-wallet, GoLogiq â¢ hyper-local food delivery and other mobile e-commerce solutions, as well as a recently announced mobile fintech platform for microcredit.
âOur e-commerce, mobile commerce and fintech markets present a multitude of consolidation opportunities, strategic partnerships and other potential transactions,â said Brent Suen, president of Logiq. âIn particular, the fragmented digital marketing industry offers exciting consolidation opportunities, while the financial technology market in Southeast Asia offers great growth potential.
âIn light of this, management and our board have concluded that it is time to assess potential mergers and acquisitions and other strategic alternatives with the help of Benchmark, and with the ultimate goal of maximizing shareholder value. “
About the benchmark company
Founded in 1988 and based in New York City, The Benchmark Company is engaged in equity research, sales and trading, investment banking, mergers and acquisitions, and strategic advisory services. The company has built a reputation for providing superior customer service, market access and in-depth market and industry expertise. Benchmark is committed to the success of its clients. The firm’s team of experienced professionals work closely with clients to understand their unique needs and goals, and provide sound, unbiased advice leveraging the extensive resources of its nationwide service platform. . Its collaborative âBenchmark Teamâ approach focuses on partnering with clients to deliver meaningful value and build long-term relationships. To learn more, visit www.benchmarkcompany.com.
Logiq Inc. is a leading global provider of e-commerce solutions and fintech business support, based in the United States. Its DataLogiq business provides an end-to-end data-driven e-commerce marketing solution. Its AI-powered LogiqX â¢ data engine delivers valuable consumer insights that improve ROI on online marketing spend. The company’s Fixel technology offers streamlined online marketing with essential privacy features.
In its AppLogiq business, Logiq’s platform as a service, under the CreateApp â¢ brand, enables small and medium businesses around the world to easily build and deploy a native mobile app for their business without technical knowledge or knowledge. CreateApp â¢ enables businesses to reach more customers, increase sales, manage logistics and promote their products and services in a simple, affordable and highly effective way.
CreateApp â¢ is offered in 14 languages ââin 10 countries and three continents, including some of the fastest growing emerging markets in Southeast Asia. The company’s PayLogiq, under the AtozPay â¢ brand in Indonesia, offers mobile payments, and GoLogiq, under the AtozGo â¢ brand in Indonesia, provides hyper-local food delivery services. Connect with Logiq: Website | LinkedIn | Twitter | Facebook.
Important Cautions Regarding Forward-Looking Statements
This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. . This press release also contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws that relate to Logiq’s current expectations and opinions about future events. All statements that express or involve discussions regarding expectations, beliefs, plans, goals, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ” will probably result “,” are expected at “,” expects “,” will continue “,” is anticipated “,” anticipates “,” believes “,” estimated “,” intends “,” plans “, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties that could cause actual results differ materially from those expressed in these forward-looking statements. No assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this press release should not be improperly relied upon.
These statements speak only as of the date of this press release. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the control of Logiq, which could cause actual results and events to differ materially. those that are disclosed or implied by such forward-looking statements. In particular and without limitation, this press release contains forward-looking statements regarding our products and services, the continued use and / or demand for our products and services, expectations regarding our revenue and the revenue-generating potential of our products. and services, our strategic partnerships and alliances, the impact of global pandemics (including COVID-19) on demand for our products and services, industry trends, overall market growth rates, our growth strategies , the continued growth of addressable markets for our products and solutions, our business plans and strategies, our ability to locate and successfully complete contemplated strategic transactions, if any, and other risks described in previous press releases of the Company and in its filings with the Securities and Exchange Commission (SEC), including its annual report on form 10 -K and all subsequent public filings, and filings made in accordance with Canadian securities legislation which are available at www.sedar.com, including under the heading âRisk Factorsâ in the Canadian prospectus of the Society.
Logiq assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. New factors emerge from time to time, and it is not possible for Logiq to predict all of them, or to assess the impact of each of these factors or the extent to which a factor, or a combination of factors, may. lead to results materially different from those contained in any forward-looking statement. All forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
Brent Suen, President
Contact by e-mail
Media and investor contact
Ronald Both or Justin Lumley
CMA Investor and Media Relations
Phone (949) 432-7566
Contact by e-mail