Sproutly Announces new IR firm
$14,000 per month is a pretty big spend for IR services. Let's hope the awareness is more than broker introductions and SPR gives them some more meat to work with.
Sproutly Announces Engaging Hybrid Financial LTD for Marketing Services
VANCOUVER, BC, January 3, 2019– Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) (“Sproutly" or the “Company”) is pleased to announce it has retained Hybrid Financial Ltd. ("Hybrid") to provide marketing and investor relations services, pursuant to an agreement (the "Agreement") and commenced marketing services on January 2, 2019. Hybrid has been engaged to heighten market awareness and brand awareness for Sproutly and to broaden the Company's reach with investors.
Hybrid is a sales and distribution company working in the financial industry on behalf of clients across several market sectors. Hybrid's unique approach helps effectively and efficiently build brands and launch products on behalf of small, medium, and large clients. Offices in Toronto and Montreal allow Hybrid to comprehensively cover both United States and Canadian markets.
“We are excited to be working with Hybrid to increase and expand our investor awareness through their pro-active marketing efforts. We have been actively growing our company since going public in July and we are excited to be partnering with Hybrid and their successful, proven model,” said Keith Dolo, CEO of Sproutly.
The 6-month agreement has Hybrid being compensated at C$14,000 per month, in addition to an option to purchase up to 350,000 shares of the company, to be awarded in two installments, 50% set within one week of the agreement commencing, and 50% in April 2019. The options will be exercisable at market price when awarded and have a 5-year expiry.
There is no prior relationship between Hybrid and the Corporation, nor is there any direct or indirect interest in the Corporation or its securities or any right or intent to acquire such an interest on the part of Hybrid.