Martello Appoints Market Maker

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OR FOR DISSEMINATION IN THE UNITED STATES/

OTTAWA, ON, June 16, 2020 /CNW/ - Martello Technologies Group Inc. ("Martello" or the "Company") (TSXV: MTLO) is pleased to announce that it has retained PI Financial Corp. ("PI") to provide market making services in accordance with TSX Venture Exchange ("TSXV") policies.

PI will trade the securities of Martello on the TSXV for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $4,000, commencing June 15, 2020. The services will have a minimum term of 12 months. After the 3rd month of the term, this agreement may be terminated by Martello on 30 days written notice. After the initial 12 month term, this agreement may be terminated by the Corporation on 7 days written notice.

Martello and PI are unrelated and unaffiliated entities, but PI and/or its clients may have an interest, directly or indirectly, in the securities of Martello. PI will not receive shares or options as compensation. The capital used for market making will be provided by PI.

About Martello Technologies Group Inc.

Martello Technologies Group Inc. is a technology company that provides digital experience monitoring (DEM) solutions. The Company develops products and solutions that provide monitoring and analytics on the performance of real-time applications on networks, while giving IT teams and service providers control and visibility of their entire IT infrastructure. Martello's products include unified communications performance analytics software, and IT analytics software. Martello is headquartered in Ottawa, Canada with offices in Montreal, Amsterdam, Paris, Dallas and New York. Learn more at http://www.martellotech.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements". Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "expect," "future," "may," "should," "will" and similar references to future periods.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following:

• Changes in customer demand.
• Disruptions to our technology network including computer systems and software, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our operating systems, structures or equipment.
• Delayed purchase timelines and disruptions to customer budgets, as well as Martello's ability to maintain business continuity as a result of COVID-19.

Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE Martello Technologies Group

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