Toronto, Ontario–(Newsfile Corp. – March 8, 2022) – Xigem Technologies Corporation (“Xigem“or the”Company“) (CSE:XIGM; FSE:2C1), a technology provider for the emerging remote economy, today announced that it has received a Statement of Complaint (the “To claim“) of the Ontario Superior Court of Justice where she was named as a defendant.
The Company disputes the fundamental principles of the Complaint and is satisfied that the Complaint is without merit. The Company will vigorously defend itself against the Claim.
About Xigem Technologies Corporation
Based in Toronto, Ontario, Xigem is well positioned to become a leading technology provider for the emerging nearly trillion-dollar remote economy, with software capable of improving capacity, productivity and global remote operations for businesses, consumers and other organizations. iAgent, the company’s patented technology, FOOi, its proprietary peer-to-peer mobile payment application, and Cylix Data, its business intelligence engine, aim to provide organizations, businesses and consumers with the tools to thrive in a wide range of remote working, learning and processing environments, while the Company seeks to aggregate a portfolio of innovative technologies capable of disrupting traditional business models.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meaning of applicable securities laws. Any statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “anticipates”, “expects” or “does not expect”, “is expected”, ” budget”, “planned”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Forward-looking statements contained herein include, but are not limited to, statements regarding: the merits of the Claim; the Company’s connection to the matters in dispute; the Company’s intention to defend itself with respect to the Claim; the Company’s ability to become a leading technology provider; the capabilities features of the Company’s software and its potential benefits to users; the Company’s future business plans and the growth of the remote economy.
The forward-looking information contained in this press release is based on certain assumptions and expected future events, namely: the Company’s ability to defend itself against the Claim; the growth and development of the Company’s business as currently anticipated; the capabilities of the Company’s products and their ability to provide users with the intended benefits or not at all; the Company’s ability to retain and protect its intellectual property; and that the remote economy will continue to grow and develop as currently expected.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including, but not limit thereto: the possibility of a lawsuit relating to the Claim resulting in a material financial impact on the Company; the potential damage to the Company’s reputation or business relationships as a result of the Complaint; uncertainty as to the outcome and timing of the Claim; the possibility that the Company’s products may not perform as intended and/or may not be accepted by users or provide the benefits to users as currently intended; risks related to the Company’s intellectual property and threats to this intellectual property; and the risks associated with the distant economy and the possibility that it may not continue to grow as expected or at all.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management when prepared, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to explain any material differences between subsequent actual events and such forward-looking information, except as required by applicable law.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
SOURCE: Xigem Technologies Corporation
On behalf of the company:
Brian Kalish, President and CEO
For more information:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116038