iWallet Corp (IWAL)

[Hanibal]

IWAL news on Sept 8, 2016

From the website: http://investors.iwalletusa.com/iwallet-announces-ip-and-new-corporate-strategy-updates/

iWALLET ANNOUNCES IP AND NEW CORPORATE STRATEGY UPDATES
September 8, 2016

San Diego – iWallet Corporation (OTCBQ:IWAL)
In the company’s May 2016 release, it announced its strategy to continue to expand the scope of its earlier filed successful patent portfolio and fortifying the capabilities of its technology to pair with evolving smartphone technologies. To this end, the company has made two additional filings over the summer.

In June, the company generated a second filing pertaining to its BIO-BLU locking device for attachés and luggage. In July, the company filed an additional application to expand its technology to automobile consoles and glove compartments. In addition, the company is currently responding to the U.S.P.T.O. regarding the continuation in patent (CIP) that was filed in December of 2015. This filing is designed to bolster the company’s portfolio as a market leader in licensing its biometric fingerprint locking devices that tether to smartphones via Bluetooth® pairing technologies.

As noted in the company’s May 2016 news release, iWallet is pursuing the monetization of its numerous trademarks and patent portfolio and has hired a firm that specializes in the monetization of intellectual assets. To further this initiative, iWallet’s Board of Directors has approved exploring all options, including the sale of all of its assets.

In addition to iWallet’s monetization strategy, “the company is aggressively pursuing complementary merger and acquisition targets with proprietary IP in the biometric space,” said Jack Chadsey, iWallet’s CEO. “In addition, the Board of Directors has approved exploring all options to attempt to enhance shareholder value. This includes beginning discussions regarding opportunities or utilizing the iWallet public vehicle to enter into other industries including mining and resources.” iWallet will make further announcements regarding M&A activity if warranted, but there is no assurance that any deal will transpire or close, or if there is a deal that will positively impact shareholders or not cause significant shareholder dilution.

Forward-Looking Statement
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. iWallet Corporation has tried, whenever possible, to identify the forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential,” and similar expressions. These statements reflect the company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the company’s actual results, performance, or achievements to differ materially from that expressed or implied by such statements. The company undertakes no obligation to update or advise in the event of any change, addition, or alternation to the information contained in its press release, including such forward-looking statements.
Such statements reflect the current view of iWallet Corporation with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the company’s actual results, performance, or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such factors include, among other things, the actual results of the current IP monetization strategies; the actual results of possible mergers or acquisitions with other IP companies and/or companies in other industries; changes that may occur to the business which may not include technology that iWallet Corporation has been involved in and therefore may not have the same knowledge as plans continue to be refined; as well as those factors disclosed in the company’s publicly filed documents. Investors are cautioned against attributing undue certainty to forward-looking statements. iWallet Corporation cautions that the foregoing list of material factors and assumptions are not exhaustive. When relying on iWallet Corporation forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and assumptions and other uncertainties and potential events, and always consult your legal and financial advisors before making any investment decisions based on forward-looking statements.
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