Facedrive Announces Auditor Process Change and Provides Company Update



TORONTO, October 4, 2021 / CNW / – Facedrive Inc. (“Facedrive“or the”Society“) (TSXV: FD) (OTCQX: FDVRF) announces that it has received a notice of resignation from its auditor and that the Company has initiated the formal process for a change of auditor under NI 51-102 – Continuous information obligations (“Regulation 51-102As part of this process, the Company will soon provide more details in a disclosure package regarding the resignation of the auditor in accordance with section 4.11 of NI 51-102. There have been no disputes with auditor upon resignation The Company is in the process of selecting a successor auditor from a number of qualified firms.

The Company also announces that its Chief Financial Officer, Fairy Lee, who, at the end of August, announced his intention to resign from his post with the Company in September 2021, has agreed to continue in the role of CFO of the company until the company appoints its successor, whose process remains active and ongoing.

Following an earlier company update dated September 1, 2021, the Company will also file on SEDAR the forms of lock-up agreements entered into with various shareholders.

About Facedrive

Facedrive is a multi-faceted ‘people and planet first’ technology ecosystem providing socially responsible services to local communities with a strong commitment to doing business in a fair, equitable and sustainable manner. As part of this commitment, Facedrive’s vision is to fulfill its mandate through a number of services that exploit the Company’s existing technologies or project synergies with existing business lines.

Facedrive’s service offerings include: (i) its ecological carpooling business, Facedrive Rideshare; (ii) a food delivery service, Facedrive Foods; (iii) the electric and hybrid vehicle subscription business, Steer; (iv) contact tracing and connected health technologies services, Facedrive Health; (v) electronic commerce platform, Facedrive Marketplace; and (vi) the e-social platform, Facedrive Social. Facedrive Rideshare was among the first to offer a wide variety of environmentally and socially responsible solutions in the Transport as a Service (TaaS) space, planting thousands of trees based on user consumption and offering choices between electric, hybrid and conventional vehicles (including, more recently, electric and hybrid vehicles on subscription through Steer). Facedrive Marketplace offers select products usually created from sustainably sourced materials and linked to social causes. Facedrive Foods offers contactless delivery of a wide variety of foods to consumers’ doorsteps, with an emphasis on doing so in a socially and environmentally conscious manner. Facedrive Social strives to keep people connected in a physically remote world through its HiQ and other e-socialization platforms that invite users to interact based on common interests and by offering gamification and support features. mutual community. Facedrive Health strives to develop and deliver innovative technological solutions to the most acute health problems, including its proprietary TraceSCAN wearable technology for contact tracing.

Facedrive plans to change the narratives of ridesharing, food delivery, e-commerce, social technology and health for the better, for everyone, and is currently operational in Canada and United States.

To learn more about Facedrive, visit www.facedrive.com.

Facedrive Inc.
100 Consilium Pl, Unit 104, Scarborough, Ontario, Canada M1H 3E3

Forward-looking information

Certain information contained in this press release contains forward-looking information. This information is based on the reasonable assumptions and beliefs of management in light of the information currently available to us and is made as of the date of this press release. Actual results and the timing of events (such as his transition to a new CFO and successor auditor) may differ materially from those anticipated in the forward-looking information due to various factors. Information about our expectations for future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but rather represent management’s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by forward-looking statements.

See “Forward-looking information” and “Risk factors” in Facedrive’s annual management report (MD&A) for the year ended. December 31, 2020 (filed on SEDAR on April 30, 2021) and its interim management report for the period ended March 31, 2021 (filed on SEDAR on May 31, 2021) and June 30, 2021 (filed on SEDAR on August 31, 2021) for a discussion of the uncertainties, risks and assumptions associated with these and other statements. Readers are urged to carefully consider uncertainties, risks and assumptions when evaluating forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. and regulatory requirements.

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 Facedrive Inc.


See original content: http://www.newswire.ca/en/releases/archive/October2021/04/c6107.html



Leave A Reply