Montreal, Quebec--(Newsfile Corp. - August 31, 2020) - GOLO Mobile Inc. (TSXV: GOLO) ("GOLO" or "the Company") today announced the release of a new feature on its innovative technology platform called Virtual Assembly, which enables tenants of a multi-residential building to conduct virtual gatherings as well as online voting.
"The ability to assemble and vote online is especially helpful in the current environment," said Peter Mazoff, President and CEO. "As we continue to grow our business, we are increasingly looking for services, such as Virtual Assembly, that can be applied to the multi-residential real estate sector as well as our commercial buildings going forward. Virtual Assembly is valuable to both property managers, who won't be able to host public gatherings in the immediate future and tenants who still want to maintain their involvement in the affairs of their building."
The Virtual Assembly platform integrates with Zoom, the popular video conferencing software, to provide a high-quality video conferencing experience. The platform also enables real-time tracking of attendance to ensure a quorum for meetings. This feature is especially helpful for a building's annual meeting, which typically requires over 50% of tenants represented. Virtual Assembly will also enable users to vote their proxies online as well as conduct live poll assembly voting.
About GOLO Mobile Inc.
GOLO (TSXV: GOLO) provides a solution for the final 100 feet of Last Mile Delivery for properties via its concierge service as well as its ability to manage all packages and deliveries that enter a property. The Company's focus is on office buildings, residential towers, corporate campuses, hospitals, airports and other highly populated areas. GOLO is publicly traded on the TSXV and its controlling shareholder is controlled indirectly by affiliates of Blackstone Group L.P. and the funds comprising CVC Capital Partners VI. Learn more at www.golo.io.
For Further Information:
Peter Mazoff, Chief Executive Officer
(514) 670-1228
ir@goloir.com
Nicole Piasentini
(416) 848-1460
npiasentini@national.ca
No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
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