GetSwift Provides Update on Short-Term Financing and Strategic Opportunities | The business

NEW YORK–(BUSINESS WIRE)–May 10, 2022–

GetSwift Technologies Limited (” GetSwift ” or the ” Corporation “;NEO: “GSW”) is pleased to provide an update on its short-term financing activities and its process for exploring strategic opportunities and other options for the longer term. The Board of Directors (the “Board”) of the Corporation is continuing its process of identifying, reviewing and considering financing arrangements that will provide the Corporation with sufficient short-term working capital and the strategic opportunities available to the Corporation to maximize shareholder value over the long term. , but not limited to, corporate sale, merger or other business combination, disposition of all or part of the Corporation’s assets, recapitalization, refinancing of its capital structure, or any combination of the foregoing.

The Board engaged with its financial advisors in relation to the analysis and analysis of strategic opportunities.

The Corporation has not established a definitive timeline for completing its strategic review. GetSwift does not intend to disclose developments regarding the strategic review process unless and until the Board approves a definitive transaction or strategic alternative, or determines that further disclosure is necessary or appropriate. There can be no assurance that any transaction will take place, or if a transaction takes place, as to its terms or timing.

About GetSwift Technologies Limited

Technology to optimize global delivery logistics

GetSwift is a technology and services company that offers a suite of software products and services focused on business automation and logistics, data management and analytics, communications, information security and infrastructure optimization, and also includes e-commerce ordering and marketplace, workforce management, data analytics and augmentation, business intelligence, route optimization, cash management, task management shift management, asset tracking, real-time alerts, cloud communications and communications infrastructure (collectively, the “ GetSwift Offer “). The GetSwift Offering is used by public and private sector customers in all industries and jurisdictions for their respective logistics, communications, information security and infrastructure projects and operations.

GetSwift is headquartered in New York and its common shares are listed for trading on the NEO Exchange under the symbol “GSW”. For more information, visit the Corporation’s SEDAR profile at www.sedar.com and the Corporation’s website at www.getswift.co.

forward-looking information

Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws (“ forward-looking information “). Forward-looking information may relate to matters disclosed in this press release and other matters identified in public records relating to the Corporation, the Corporation’s future prospects and anticipated events or results, and may include statements about the Corporation’s future financial performance. In some cases, forward-looking information may be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, ” foresee”, “potential”, “continue” or other similar expressions relating to matters that are not historical facts. The forward-looking information in this press release includes statements regarding short-term and long-term strategic opportunities involving the Corporation and the timing, details and outcome of the strategic review undertaken by the Board, and the type of strategic opportunity that may be pursued, if any.

Forward-looking information involves a number of risks and uncertainties and is based on certain factors and assumptions. There can be no assurance that such information will be accurate, and actual results and future events could differ materially from those anticipated in such information. Important factors that could cause actual results to differ materially from the Corporation’s expectations include, without limitation, general market conditions, the Board’s ability to obtain short-term funding to enable the Corporation to continue as a going concern, the Board’s ability to to identify strategic opportunities and the Corporation to enter into agreements with respect to such strategic opportunities, the Corporation’s ability to complete transactions contemplated by any strategic opportunity identified by the Board, the ability of management and the Board to devote resources to the strategic review, and the effect of a strategic opportunity in maximizing shareholder value.

The Corporation undertakes no obligation to update or revise any Forward Looking Information, whether as a result of new information, future events or otherwise, except as required by law. New factors arise from time to time, and it is not possible for the Corporation to predict all of them, or to assess the impact of each of these factors, or the extent to which any factor, or combination of factors, could cause results to differ materially from those those contained in any Forward Looking Information. Any forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.

See the source version at businesswire.com: https://www.businesswire.com/news/home/20220510006507/en/

CONTACT: USA Investor Relations:

Chris Tyson

Executive Vice President – ​​MZ North America

949-491-8235

GSW@mzgroup.us

www.mzgroup.usThe Company’s Investor Relations:

investors@getswift.co

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: DATA MANAGEMENT SECURITY TRANSPORT LOGISTICS TECHNOLOGY/SUPPLY CHAIN ​​MANAGEMENT SOFTWARE

SOURCE: GetSwift Technologies Limited

Copyright BusinessWire 2022.

PUB: 05/10/2022 20:14/DISC: 05/10/2022 20:14

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