ATW News

ATW Tech Inc. (the “Company” or “ATW Tech”) (TSX-V : ATW) announces today its results for the quarter ending September 30, 2020. • For the nine-month period ended September 30, 2020, the Company generated revenues of $1.7M compared to $5M for the same period in 2019. The decrease of $3.3M is mainly due to the clean-up exercise of its clients and the sale of the assets of VuduMobile Inc. • Cost of sales totalled $1.5M compared to $4.3M for the same period in 2019, a decrease of $2.7M representing a margin of $179k or 11% in 2020 compared to $761k or 15% in 2019 for the nine-month period ended September 30, 2020 • Selling and administrative fees decreased by $422k and $770k respectively for the nine-month period ended September 30, 2020 compared to the same period in 2019 •On November 9, 2020, the Company closed a private placement of $1,500,000 through the issuance of 30,000,000 common shares of the Company at a price of $0.05 per common share • On November 9, 2020, the Company...

MONTREAL, Nov. 09, 2020 — ATW Tech Inc. (the “Company” or “ATWTech”) (TSX-V: ATW) is pleased to announce the closing of the private placement (the “Private Placement”) and the acquisition of Semeon Analytics Inc. (the “Transaction”) previously announced on October 1, 2020. Pursuant to the Private Placement, ATW Tech issued 30,000,000 common shares of the Company (the “Shares“) at a price of $0.05 per Share for gross proceeds of $1,500,000. The proceeds of the Private Placement will be used by ATW Tech, for its own benefit and that of its subsidiaries, to integrate into its structure Semeon Analytics Inc. (“Semeon“), the company acquired in connection with the Transaction described below; to pay for the costs of the Semeon acquisition; to develop ATW Tech’s and Semeon’s products; and to commercialize Semeon’s and ATW Tech’s products. Acquisition of SemeonAnalytics Inc. As part of the Transaction, the Company acquired all of the outstanding shares of Semeon for an aggregate purchase...

MONTREAL, Oct. 23, 2020 — ATW Tech Inc. (the “Company” or “ATWTech”) (TSX-V: ATW) provides an update on the acquisition of Semeon Analytics Inc. (the “Acquisition”) and the private placement (the “Private Placement”) that were announced on October 1, 2020. ATW Tech has decided to postpone the estimated closing date of the Acquisition and the Private Placement in order to complete the due diligence of Semeon Analytics Inc. and to obtain the approval of the TSX Venture Exchange. ATW Tech now expects to close before November 20, 2020. SEMEON’S PROFILE Semeon is a Quebec-based technology company that has developed an artificial intelligence technology. Over the past 5 years, Semeon has combined techniques of semantic, sentiment, intent and statistical analysis with artificial intelligence driven natural language processing systems to develop a platform capable of automatically analyzing, classifying and visualizing data from multiple channels and a powerful workbench suite which permits...

MONTREAL, Oct. 01, 2020 (GLOBE NEWSWIRE) — ATW Tech Inc. (the “Company” or “ATWTech“) (TSX-V: ATW) is pleased to announce the signing of a letter of intent for a $1,500,000 private placement through the issuance of 30,000,000 common shares of the Company (the “Shares“) at a price of $0.05 per Share (the “Private Placement“). This Private Placement replaces the private placement that was announced by the Company on February 12, 2020. The Private Placement is expected to close on or around October 23, 2020. The proceeds of the Private Placement will be used by ATW Tech, for its own benefit and that of its subsidiaries, to integrate into its structure Semeon Analytics Inc. (“Semeon“), a company to be acquired in connection with the acquisition contemplated below; to pay for the costs of the Semeon acquisition; to develop ATW Tech’s and Semeon’s products; and to commercialize Semeon’s and ATW Tech’s products. The Shares issued under the Private Placement will be subject to a four-month...

MONTREAL, Sept. 06, 2019 (GLOBE NEWSWIRE) — ATW Tech Inc. (the “Company” or “ATW Tech”) (TSX-V: ATW) is pleased to announce that the migration of the infrastructure and telecom services of its Voxtel division is now complete. The VoxTel team has transferred the last physical data center to an entirely Tier 1 Carrier Grade cloud-based environment. This new environment allows the VoxTel division to focus its activities on its core business while optimizing interconnections with telecom operators and using inbound/outbound call management architecture to make it more resilient. In addition, the division has also invested in a new telecom monitoring solution that allows the team to proactively track performance indicators. Denis Archambault, interim CFO of ATW Tech and General Manager of the VoxTel division declared: “We want to thank all of our customers and coworkers for their help in this process, which will enable this migration to benefit all stakeholders”. Finally, Mr. Marc...

MONTREAL, Aug. 07, 2019 (GLOBE NEWSWIRE) — ATW Tech Inc. (the “Company” or “ATW Tech”) (TSX-V: ATW) today announces the completion of the sale of the assets of its VuduMobile division, for which the signature of a letter of intent (the LOI) was announced on July 18, 2019.The acquirer is Komutel Inc. (“Komutel”). The total sale price is $ 1,350,000, of which $300,000 was paid in advance upon the signature of the LOI; $500,000 payable 30 days after the closing and the remaining $550,000 will be paid 60 days after the closing; future payments are secured by a lien charging the purchased assets. For the last fiscal year ended December 31 2018, revenues generated by VuduMobile represented 4.5% of ATW Tech’s total revenues. “We are pleased to have completed this very profitable transaction as planned. As outlined in our July 18, 2019 press release, this is part of our strategy and the fund will be used to finance and focus our activities and resources in the financial technologies sector...

MONTREAL, May 10, 2019 (GLOBE NEWSWIRE) — The Founder, President and Chief Executive Officer of ATW Tech Inc. (“ATW Tech” or “the Company”) (TSX-V: ATW), Mr. Michel Guay announces a change to his management team by the appointment of Mr. Denis LP Archambault as interim Chief Financial Officer (‘CFO’) of ATW Tech. Mr. Archambault will combine his new role to his role of Executive Vice President and General Manager of the VoxTel division. The change will be effective on May 30, 2019. Mr. Archambault is a CFA and brings over 25 years of experience in the telecommunications industry, primarily within Teleglobe and TATA Communications. Mr. Archambault has held several senior positions over the years including Vice-President for Teleglobe and TATA Communications, CFO of Excel Canada, a subsidiary of Teleglobe and interim CFO for many companies as a partner at Modelcom. “Denis brings extensive finance and operational work experience which are valuable assets in the evolution of our Company”...

MONTREAL, May 02, 2019 (GLOBE NEWSWIRE) — ATW Tech Inc (“ATW Tech” or the “Company”) (TSX-V: ATW) announces that its division VuduMobile has renewed its contract with Régie d’assurance maladie du Québec (“RAMQ”) for an additional year without changing the amount, terms, and conditions. RAMQ, the government health insurance board in Quebec, has integrated VuduMobile’s text messaging solution as part of its effort to better serve familial medical clinics across the province with the governmental program Rendez-Vous Santé Québec (rsvq.gouv.qc.ca). “I am delighted that RAMQ continues to trust in VuduMobile as a strategic communication partner. Our team strives to always provide great products and exceptional service, and every retained customer is a reaffirmation that we are on the right track,” said Ghislain Dallaire, Vice President and General Manager of the VuduMobile division. Additional information regarding ATW Tech is available on SEDAR. The TSX Venture Exchange and its Regulatory...

MONTREAL, April 25, 2019 (GLOBE NEWSWIRE) — ATW Tech Inc (“ATW Tech” or the “Company”) (TSX-V: ATW) is proud to announce that its division VuduMobile Inc. (“VuduMobile”) is solidifying its position as a communication partner in the educational services industry. VuduMobile is helping some of the most prestigious institutions in Quebec facilitate communication between their various stakeholders, including educators, students, faculty members, and staff. Educational institutions are utilizing VuduMobile’s technology to provide a more complete learning experience to their students, as well as to create a seamless flow of communication that improves the institutions’ operations. “It is our mission at VuduMobile to facilitate communication and improve engagement between people. I am very proud that VuduMobile is being chosen by numerous educational institutions to provide educators and their students the ability to easily communicate and engage with one another and improve the overall...