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Wecommerce hires Gateway Group for IR program

2021-11-09 14:47 ET - News Release

Mr. Chris Sparling reports


Wecommerce Holdings Ltd. has appointed Gateway Group Inc., a leading strategic financial communications and capital markets advisory firm, to manage its new investor relations program initiatives.

Gateway's management and Wecommerce's management are partnering to develop and execute on a comprehensive investor outreach and communications program. The objective is to broaden Wecommerce's investor base, elevate its profile among institutional investors, sell-side analysts and other key influencers in the broader financial community, improve trading liquidity, and ensure Wecommerce's investment highlights are properly communicated and received.

"In just under a year as a public company, we've made tremendous progress in our mission to provide merchants with world-class software and tools to help start and grow their on-line store through building and acquiring top technology businesses primarily in the Shopify partner ecosystem," said Chris Sparling, chief executive officer of Wecommerce. "Gateway will help ensure investors properly understand Wecommerce's vision, strategy and opportunity ahead to create substantial shareholder value over the long term."

Alex Persson, president of Wecommerce, added: "We look forward to working with the Gateway team over the coming months to deploy a comprehensive program to elevate our profile and improve investor and analyst outreach. Gateway has a demonstrated history of building and implementing successful investor relations programs and a strong network of relationships across the investor community."

Under the terms of the investor relations agreement, Gateway will be compensated $12,000 (U.S.) per month for an initial term of six months and thereafter on a month-to-month basis. Following the initial term, either party may terminate the IR agreement by providing 30 days of written notice. The IR agreement is subject to the approval of the TSX Venture Exchange. Gateway and its principals have no direct or indirect interest in the company. Gateway is located at 4685 MacArthur Court, Suite 400, Newport Beach, Calif., 92660. Its principal is J. Scott Liolios, and Matt Glover and Tom Colton will be responsible for managing Wecommerce's investor relations program.

About Wecommerce Holdings Ltd.

Wecommerce provides merchants with a suite of e-commerce software tools to start and grow their on-line stores. Wecommerce's family of companies and brands include Pixel Union, Out of the Sandbox, Archetype, Yopify, SuppleApps, Rehash, Foursixty and Stamped. As one of Shopify's first partners since 2010, Wecommerce is focused on building, acquiring and investing in leading technology businesses operating in the Shopify partner ecosystem.

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