UpdateHard to believe that ski hills will allow this gismo. That’s a lot of hardware coming down the hill. I for one don’t cherish the thought of one of these gismos running into me.
SIQ Mountain begins business development programs
SIQ Mountain Industries Inc (C:SIQ)
Shares Issued 22,900,100
Last Close 10/20/2017 $0.13
Tuesday October 24 2017 - News Release
Mr. Peter Hughes reports
SIQ MOUNTAIN INDUSTRIES INC. START-UP BUSINESS DEVELOPMENT INITIATIVES
SIQ Mountain Industries Inc. has initiated its business development programs. The company has been established to develop an international outdoor lifestyle brand to be simply known as SIQ. The objective is to create proprietary athletic entertainment equipment and products that promote a healthy outdoor lifestyle for people of all ages.
The company's initial product offering is a proprietary (patents pending) bike-like device (SBX) that transitions the mountain bike/motocross experience into a winter activity when it is attached to a snowboard or skis. The SBX features a lightweight/foldable design making it easy to place in confined spaces such as a small car, checked luggage, or, helicopter basket. Once unfolded the SBX attaches to a standard snowboard or skis and offers a suspension and riding stance similar to mountain bike or motocross. It requires no special footwear or other gear, although helmets are recommended for safety reasons. The rider is able to maintain a biker position as the individual navigates the snow covered terrain of their choice. It is gravity powered and designed to be a new "cool" fun activity for snow enthusiasts from beginners to advanced riders.
The concept SBX prototype has been completed and tested. A production engineering firm is being engaged to create a final consumer ready production prototype. This involves the design and creation of production drawings, materials analysis and consumer safety testing. Once vetted and certified by the engineers the Company will move to engage supply chains and assembly operations.
The Company is in the process of leasing a 6,000 square foot facility in Kelowna, BC, Canada, the hub of the western Canadian ski industry. The Company expects to be utilizing this space on December 1, 2017. It will provide receiving, assembly, shipping, sales, administration and graphic art operations. Website and social media capability is currently being designed and the Company expects to be operational by January 2018.
Mr. Peter Hughes, CEO of the Company comments, "Management is excited to introduce the SIQ(TM) brand to a multi-million dollar international sports entertainment market. In addition to our SBX technology our ambition is to develop longer term strategies to introduce new product lines in both winter and summer outdoor activities. Our goal is to promote products that are exciting for customers, promote fitness and facilitate a healthy active lifestyle."
About SIQ Mountain Industries
SIQ Mountain Industries is an early start-up business organization that began as a Capital Pool Corporation on the TSX Venture Exchange (the "Exchange"). On October 5, 2017 the Exchange approved the Company's qualifying transaction described in the Company's filing statement (see the Company's new release dated October 3, 2017). The Company is focused on the creation of a unique brand of products for outdoor athletic entertainment in international marketplaces.
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