KWESST Micro Systems (KWE.V) has announced they have entered into an agreement for electronic media and webcast services, design, development, and dissemination services with Emerging Markets Consulting (EMC).
Beginning March 5, 2021 EMC will be providing KWESST with investor relation services. The agreement has an initial term of 90 days, and KWESST has provided EMC with a non-refundable fee of $150,000 (USD). EMC is a syndicate of investor relations consultants consisting of stockbrokers, investment bankers, fund managers, and institutions that actively seek opportunities in the microcap and small-cap equity markets. They employ a variety of conventional and non-conventional programs and tools to communicate a company’s story and increase their exposure in the micro and small-cap equity markets.
“Following our recent listing in the US on the OTCQB Venture Market, we believe the time is right to begin reaching U.S. based investors. We expect the engagement of EMC will help us expand our shareholder base and the liquidity of the stock to the benefit of all shareholders,” stated David Luxton, Executive Chairman of KWESST.
KWESST’s hiring of EMC is part of a push to reach new investors after their recent listing on the OTCQB. Attracting new investors will help them in their attempt to develop and commercialise high-value ultra-miniaturised technology applications that make a critical difference to the safety and operational effectiveness of personnel in the defence and security industries.
EMC specialises in helping companies whom they believe have compelling stories, strong growth potential, near-term profitability, and superior management. Their aim is to provide quality, undervalued companies while providing extraordinary service and delivering concrete, measurable results.
“We are pleased to represent KWESST Micro Systems Inc. We have conducted our due diligence on the Company and have been very impressed with the management, market sector, and the overall business strategy,” said James Painter, President of EMC.
Since the announcement, the stock has dipped to $1.46.
Full disclosure: KWESST Micro Systems is an Equity.Guru marketing client.