ATW TECH Announces its Results for its 2021 Year
Montreal – TheNewswire – May 2, 2022 – ATW Tech Inc. (The « Company » or « ATW Tech ») (TSXV :ATW) announces today its results for its year ended on December 31, 2021.
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The Company generated revenues of $2.1M in 2021 compared to $2.3M in 2020, a decrease of $230k;
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Cost of sales totaled $1.9M in 2021 compared to $2.1M in 2020, a decrease of $243k, representing a gross margin of $243k in 2021 compared to $231k in 2020;
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Administration fees have increased by $523k compared to the same period in 2020;
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On March 1, 2021, the Company announced the appointment of Mr. Christian Trudeau as Chairman of the Board of Directors of the Company, a position held by Mr. Michel Guay, President and CEO of ATW Tech Inc. by interim;
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On June 18, 2021, the Company announced the completion of a private placement of $565k by the issuance of 8,692,306 common shares of the Company at a price of $0.065 per share;
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On August 27, 2021, the Company announced the completion of a private placement of $1.0M by the issuance of 13,112,500 units of the Company at a price of $0.08 per unit. Each unit consists of one common share of the Company and one warrant entitling its holder to acquire one common share of the Company at a price of $0.11 for a period of 36 months following the closing date.
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On February 15, 2022, the Company announced that its offering again its technical solution allowing Star Académie viewers to vote to protect their favorite candidate during the Sunday evening variety shows, produced by Productions Déferlantes, in collaboration with Quebecor Content;
In 2021, ATW managed despite a second year of the pandemic to work tirelessly to reposition the Company to pursue the highest value-added activities in artificial intelligence and to foster important markets.
« It’s with confidence that I look to the future, knowing that ATW is committed to creating long-term value for all shareholders. Our value growth strategy is based on everything related to artificial intelligence, machine learning, big data and customer experience. We have already taken important steps in this direction with the acquisition of Semeon Analytics Inc. and have invested relentlessly in research and development to maintain an unrivaled competitive advantage in these areas. In 2022, we will continue our efforts to achieve our growth plan, which consists of identifying and carrying out strategic acquisitions with the aim of increasing our revenues and expanding our market share» said Michel Guay, President of ATW Tech.
The information presented above is a summary of the highlights. For additional information, please refer to the Company’s audited consolidated financial statements and the Management’s Discussion and Analysis for the year ended December 31, 2021 at www.sedar.com.
Forward-Looking Statements and Disclaimer
Certain information in this press release may constitute “forward-looking” statements that involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such information may include words such as “anticipate”, “estimate”, “may”, “will”, “expect”, “believe”, “plan”, “project” and other terminology. This information reflects current expectations regarding future events and operating performance and speak only as of the date of this press release. Except as may be required by law, we do not assume any obligation to update or revise any forward-looking information to reflect new events or circumstances.
Additional information regarding ATW Tech is available on SEDAR www.sedar.com
The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept no responsibility for the adequacy or accuracy of this release. The Plan remains subject to the approval of the TSX Venture Exchange.
ATW Tech’s Profile
ATW Tech (TSX-V: ATW) is a technology company, owner of several recognized technology platforms such as VoxTel, Option.vote and Semeon. VoxTel specializes in telephone billing and alternative payment solutions for fixed and mobile lines. Option.vote offers a customized multimethod voting system for unions, political parties, professional associations, and anyone looking for a secure way to reduce their voting costs and improve their participation rate. Semeon is a highly accurate and flexible text analysis platform for customer reviews and uses a unique combination of machine learning and natural language processing (NLP) to discover significant trends in customer reviews across all channels.
SOURCE :
ATW Tech Inc.
Michel Guay
President, Founder, & CEO
Tel. : 844.298.5932 x 301
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