03:14:34 EDT Sun 19 Sep 2021
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or Name

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Adcore Inc
Symbol ADCO
Shares Issued 56,329,336
Close 2021-02-04 C$ 1.23
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Adcore hires Virtus for IR services

2021-02-04 12:10 ET - News Release

Mr. Omri Brill reports


Adcore Inc. has engaged Virtus Advisory Group to assist enhancing the company's exposure to the Canadian investment community.

"We are thrilled to be working alongside the Adcore team to educate the investment community about Adcore's unique and exciting product offerings," said Babak Pedram, president of Virtus Advisory Group. "We look forward to sharing the company's developments with our network of investors in Canada."

Omri Brill, chief executive officer of Adcore, stated: "Since going public in Canada over 18 months ago, we have continued to expand our technology offering and grow our client base around the world. We look forward to working with Virtus to facilitate investor introductions and further broaden our exposure within the Canadian investment community."

In connection with the engagement, Adcore will pay Virtus a monthly fee of $8,000. In addition, Virtus will be granted incentive stock options to acquire 150,000 shares of the company, at an exercise price of $1.15 per share for a four-year term, subject to approval by the company's board of directors and the TSX Venture Exchange. The options will vest in equal portions over 12 months from the grant date.

The company's engagement of Virtus is subject to the acceptance of the TSX Venture Exchange.

About Adcore Inc.

Adcore is a leading provider of machine-learning powered advertising technologies used by digital agencies and advertisers to leverage digital marketing in an effortless and accessible way with the goal of scaling activity and maximizing return on investment.

By combining extensive industry knowledge and experience with its proprietary artificial intelligence engine, Adcore offers a unique digital marketing solution. In addition to being named numerous times on Deloitte's Fast 50 Technology list, Adcore is a certified Google premier partner, Microsoft partner, Facebook partner and TikTok partner.

Established in 2006, the company employs over 40 people in its headquarters in Tel Aviv, Israel, and satellite offices in Melbourne, Australia, Toronto, Canada, and Hong Kong, Greater China.

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