Global developer and provider of cellular communications
systems Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF)announced on
Thursday its completion of a non-brokered private placement with a single
investor of 7,500,000 units, each at a price of $0.40, for gross proceeds of
$3,000,000. “We are very pleased with this additional injection of capital to
strengthen our balance sheet and build on our inventory,” Marc Seelenfreund,
CEO and director of Siyata stated in the news release. “Our Q3 has proven to be
very strong and will be substantially higher than Q3 2018 due to US sales,
while our sales opportunity pipeline is very robust and continues to grow as
expected. There is growing demand for Push-to-Talk Over Cellular devices across
industries worldwide, witnessed by our expanding carrier and specialized
distribution channels and we are well-positioned to capitalize on this paradigm
shift in the market.” In addition, Siyata this morning announced that it has
filed its second quarter 2019 financials and will be hosting a conference call
to discuss these results, along with a Q&A session with Siyata Mobile CEO
and Chairman Marc Seelenfreund. The call is scheduled to be held on Tuesday,
September 3, 2019 at 9:00 AM ET. Interested parties may access the call by
dialing (866) 521-4909 (Toll-Free) or (647) 427-2311 (International Calls). A
playback in MP3 format will be available by contacting investor relations
at SIM@KinCommunications.com.
About Siyata Mobile Inc.
A TSX Venture Top 50 Company, Siyata Mobile Inc. is a
leading global developer and provider of cellular communications systems for
enterprise customers, specializing in connected vehicle products for
professional fleets, marketed under the Uniden® Cellular brand. Since
developing the world’s first 3G connected vehicle device, Siyata has been a
pioneer in the industry, launching the world’s first 4G LTE all-in-one fleet
communications device in 2017. Incorporating voice, push-to-talk over cellular,
data, and fleet management solutions into a single device, the company aims to
become the connected vehicle communications device of choice for commercial vehicles
and fleets around the world. Siyata also offers rugged phones for industrial
users and signal boosters for homes, buildings, and fleets with poor cell
coverage. Siyata’s customers include cellular operators, commercial vehicle
technology distributors, and fleets of all sizes in Canada, the U.S., Europe,
Australia, and the Middle East. For more information, visit www.SiyataMobile.com and www.UnidenCellular.com.
NOTE TO INVESTORS: The latest news and updates
relating to SYATF are available in the company’s newsroom at http://ibn.fm/SYATF
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