Matador Technologies Inc. Troubleshooting

Article content

TORONTO, Dec. 12, 2024 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or “Company”) wishes to issue an amendment related to its previously announced press release dated December 12, 2024, (the “Release“) where the Company has shown that it is focused on digitizing real-world assets on the Bitcoin blockchain, as well as strategically sending Bitcoin to other potential high-powered projects over the Bitcoin network.

Article content

Article content

Although Matador believes in the power of using blockchain in data management, scaling, and motivating new buyers to participate in the gold market, it has no specific plans to accept digitalized goods in its service offering or build on the Bitcoin network in this regard. the present time, except for its proprietary application for the purchase and sale of gold.

Article content

Matador’s current focus remains on the development of its proprietary application for the purchase and sale of gold, as disclosed in its filing statement dated November 29, 2024, (the “Filing Statement“) which continues to be on target for an early 2025 launch. Currently, the Company plans to incorporate blockchain-based data management technology into the development of its proprietary application to improve visibility and security, and ensure that transaction data is immutable. , is easy to read, and is zoned, to protect against tampering and unauthorized access. To the extent that Matador decides to engage in other activities related to Bitcoin or other blockchain technology, such activities will be subject to TSX Venture Exchange and applicable regulatory approvals.

The release contains statements made by Sunny Ray and Deven Soni, and the ‘About Matador’ section, which are inconsistent with Matador’s corporate identity as disclosed on the TSX Venture Exchange and as disclosed in the Filing Statement. Although the Company is still excited about future opportunities related to the Bitcoin ecosystem, Matador is currently focused solely on its proprietary application for buying and selling gold.

Article content

Article content

For greater certainty, the following section will replace the ‘About Matador’ section in the Release:

About Matador Technologies Inc.

The company was incorporated under the ABCA on November 1, 2021, and its registered and principal office is at 40 King St. West, Suite 2400, PO Box #215, Toronto, Ontario, M5H 3Y2. The company aims to democratize the experience of buying gold, combining the best modern technology and time-proven assets, to create an application that will allow users to buy, sell, and store gold 24/7, with more security and flexibility with an encrypted mobile application.

For more information, please contact:

Matador Investor Relations Contact:
Sunny Ray
E: sunny@matador.network
P: 647.297.4760

Matador Marketing & Media Contact:
Kimberly Verdin
E: marketing@matador.network
P: 647.831.1146

Connect with Matador: Website | Linkedin | X.com

Cautionary Statement Regarding Forward-Looking Information

NEITHER THE TSX VENTURE EXCHANGE NOR ITS ADMINISTRATIVE SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE TSX VENTURE EXCHANGE TERMS) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Article content

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any location.

This news release contains certain forward-looking statements, including statements regarding whether or not the Company engages in any future activities related to Bitcoin Ordinals or other blockchain technologies, and other statements that are not historical facts. Where applicable, words such as “may”, “like”, “should”, “expect”, “plan”, “intend”, “expect”, “believe”, “estimate”, “predict” or “likely” or negative or other variations of these words, or similar words or phrases, are used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof.

Forward-looking statements involve significant risks, uncertainties and assumptions, including regulatory approvals and financial availability. A number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on forward-looking statements. Although the forward-looking statements contained in this press release are based on what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements.

These forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to revise or update them to reflect new events or circumstances, except as required by law.

Article content