LQwD Provides Investor Relations Activities Update

VANCOUVER, BC, March 3, 2022 /CNW/ - LQwD FinTech Corp. (TSXV: LQWD) (OTC: LQWDF) announces that it has terminated its investor relations agreement with Maynard Communications Limited ("Maynard"), effective immediately, as the Company was unable to receive approval of the agreement by the TSX Venture Exchange.

As announced on November 5, 2021, the Company entered into an agreement with Maynard dated November 4, 2021, for the provision of various corporate communications services. The engagement was for an aggregate cost of C$740,000, which the Company clarifies was paid up front on November 9, 2021, for a term of six (6) months. Also, Maynard participated in the Company's prospectus offering, purchasing 2.1 million units at C$0.35 per unit, which closed on October 28, 2021. The Company has requested immediate reimbursement of C$635,000 from Maynard for services not yet provided.  

About LQwD

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. The Company's mission is to develop institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility and scaling Bitcoin. LQwD also holds and acquires Bitcoin as an operating asset establishing nodes and payment channels on the Lightning Network.

Forward-Looking Statements 

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.

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

SOURCE LQwD FinTech Corp.

Ashley Garnot, Corporate Development, Phone: [phone], Email: [email protected], Website: www.lqwdfintech.com