Trakopolis IoT Corp. (TRAK:TSX-V) News Releases – The Howard Group

Trakopolis Announces Results Of Annual General and Special Meeting

CALGARY, June 26, 2017  – Trakopolis IoT Corp. (TSXV: TRAK) today reported the results of its Annual General and Special Meeting of Shareholders held on Friday, June 23rd, 2017 (the “Meeting”).

At the Meeting, shareholders approved the appointment of all directors proposed for election, which was comprised of the existing slate of directors other than Mr. Paul Cataford, who chose not to stand for re-election. Shareholders also approved the reappointment of KPMG LLP as the Company’s auditors as well as the Company’s Stock Option Plan.

Brent Moore, President and Chief Executive Officer stated, “I would like to thank Mr. Cataford for his contributions to Trakopolis and wish him the best in his future endeavours.”

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
Neither 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.

Trakopolis Announces Issuance of Stock Options

CALGARY, May 8, 2017 – Trakopolis IoT Corp. (“Trakopolis” or the “Company“) (TSX VENTURE: TRAK) announces that the Company’s Board of Directors has granted options to acquire an aggregate of up to 1,270,000 common shares of the Company (the “Common Shares“) to directors, officers and select employees of the Company, subject to adjustment, with an exercise price of $1.19 per Common Share, exercisable for a period of five years. The options were granted pursuant to Trakopolis’ stock option plan, vesting fully in equal instalments by January 1, 2019, and are subject to all applicable regulatory and exchange approvals.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
Neither 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.

Trakopolis Announces Purchase Agreement with Enterprise Customer

Calgary, Alberta – May 3rd, 2017 – Trakopolis IoT Corp. (“Trakopolis” or the “Company”) (TSXV: TRAK) is pleased to announce that it has entered into an agreement with a large US-based oil and gas company for the sale of 1,500 units of Honeywell’s ConneXt Lone Worker gas detection solution, powered by Trakopolis (the “Purchase Agreement”).

Brent Moore, CEO of Trakopolis stated, “Trakopolis and Honeywell Analytics, as innovators in the enterprise IoT market, have brought a comprehensive gas detection/lone worker solution to the market, focused on worker safety. The Trakopolis offering will continue to be integrated in operational and safety processes throughout the four-year term of the Purchase Agreement to deliver evolving business intelligence.”

Ken Schmidt, General Manager – Gas Detection for Honeywell Industrial Safety stated “ConneXt LoneWorker can significantly improve the energy company’s ability to monitor the safety of workers, no matter where they are. This connected solution also provides useful business intelligence to help the company improve its operational efficiency.”

Trakopolis will receive payment for the sale of each unit and a monthly recurring data fee for the connectivity of the devices over a contracted four-year period. The minimum total contract value is expected to be USD$4.79 Million, with an estimated USD$2.82 million (inclusive of hardware revenue) expected in fiscal 2017. Pursuant to the terms of the Purchase Agreement, the Purchaser has the option to acquire up to an additional 1,000 units, on the same terms as the initial 1,500 units, during the first 18 months of the term of the agreement.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: future sales of as part of the Honeywell ConneXt Loneworker™ solution and expansion of the relationship with Honeywell. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: commercial success of the Honeywell ConneXt Loneworker™ solution and sales of the solution and other solutions under an expanded Honeywell relationship; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither 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.

TRAKOPOLIS Announces Record First Quarter Financial Results

CALGARY, May 1, 2017 /CNW/ – Trakopolis IoT Corp. (“Trakopolis” or the “Company”) (TSX VENTURE: TRAK) has reported financial results for the first quarter of 2017.

First quarter financial highlights include:

  • Revenue of $1.46 million, which represents 20% growth quarter over quarter.
  • Gross profit of $763 thousand, which represents an 18% increase quarter over quarter.
  • Adjusted EBITDA of negative $296 thousand. This is compared to the prior quarter of negative $522 thousand, which represents a 43% improvement quarter over quarter.
  • Hardware revenue was $532 thousand, an increase of 46% quarter over quarter. This was a result of increased sales to existing customers and enterprise sales through its strategic partnership with Honeywell for the ConneXt Lone Worker.
  • Subscription revenue increased by 5% to $889 thousand. Growth in subscription revenue is expected as enterprise clients roll out and activate newly acquired units in the coming periods.
  • A net loss of $689 thousand was recorded for the quarter. This is compared to $318 thousand from the same period in 2016. The increased net loss arises from increased sales and marketing, operations and general and administrative expenses during the quarter compared to the prior year as a result of implementing our growth plan subsequent to raising $5.75 million.

“Our growth quarter over quarter is a result of follow on orders from existing customers, wins in new markets and contributions from new product offerings,” stated Brent Moore, Chief Executive Officer of Trakopolis. “As we continue to refine our new products and increase our enterprise sales funnel we believe we are well positioned to continue to prove out our business model and strategy with organic growth.”

Trakopolis’ first quarter financial statements & management discussion have been posted to the Company’s website and can be accessed at http://trakopoliscorp.com/investors/. The MD&A and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: future sales of as part of the Honeywell ConneXt Loneworker™ solution and expansion of the relationship with Honeywell. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: commercial success of the Honeywell ConneXt Loneworker™ solution and sales of the solution and other solutions under an expanded Honeywell relationship; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

This news release contains references to certain financial measures that do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other entities. These non-GAAP financial performance measures should be viewed as a supplement to, and not a substitute for, the Company’s results of operations reported under IFRS. These financial measures are identified and defined below:

EBITDA is an indicator of the financial results generated by our business activities excluding the impact of any financing activities, amortization and depreciation of property, equipment and intangible assets, and taxes.

Adjusted EBITDA is a further refinement of EBITDA to remove the effect of share-based compensation expense and one-time costs associated with the RTO transaction. As such, Adjusted EBITDA provides more meaningful continuity with respect to the comparison of our operating results over time.

Neither 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.

TRAKOPOLIS Announces 2016 Fourth Quarter and Year End Financial Results

CALGARY, April 28, 2017 – Trakopolis IoT Corp. (“Trakopolis” or the “Company”) (TSX VENTURE: TRAK) has reported financial results for the 2016 period end and the three months ended December 31, 2016.  The financial year end of the Company was changed from June 30 to December 31.

Fourth Quarter highlights include:

  • Revenue of $1.214 million, which represents a 8% increase over same quarter in 2016.The increase was mainly driven by growth in hardware sales through units deployed through a strategic partnership in gas detection integration.
  • Adjusted EBITDA was negative $522 thousand for the quarter, this compared to negative $697 thousand from the same period in 2015, representing a 25% improvement.
  • A net loss of $3.824 million was recorded for the quarter This is compared to $1.089 million from the same period in 2015. The net loss for the quarter included $3.285 million of transaction costs related to the reverse takeover of TSXV shell company of which $3.009 million was non-cash. The company anticipates its expenses will normalize in the coming quarters, as these costs are not expected to be recurring.

“Becoming a listed issuer over the last 6 months’ positions Trakopolis to initiate our growth plan”, stated Brent Moore, Chief Executive Officer of Trakopolis. “We also completed a small software acquisition, continued field testing of the exclusive Honeywell ConneXt Loneworker product and managed the subsequent hiring and onboarding of new staff.” We are looking forward to our strategic efforts being reflected in our operating results in future quarters”.

Trakopolis’ 2016 fourth quarter and year end financial statements & management discussion have been posted to the Company’s website and can be accessed at http://trakopoliscorp.com/investors/. The MD&A and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: future sales of as part of the Honeywell ConneXt Loneworker™ solution and expansion of the relationship with Honeywell. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: commercial success of the Honeywell ConneXt Loneworker™ solution and sales of the solution and other solutions under an expanded Honeywell relationship; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

This news release contains references to certain financial measures that do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other entities. These non-GAAP financial performance measures should be viewed as a supplement to, and not a substitute for, the Company’s results of operations reported under IFRS. These financial measures are identified and defined below:

EBITDA is an indicator of the financial results generated by our business activities excluding the impact of any financing activities, amortization and depreciation of property, equipment and intangible assets, and taxes.

Adjusted EBITDA is a further refinement of EBITDA to remove the effect of share-based compensation expense and one-time costs associated with the RTO transaction. As such, Adjusted EBITDA provides more meaningful continuity with respect to the comparison of our operating results over time.

Neither 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.

Trakopolis and Honeywell Expand Exclusive “IoT” Partnership for Connected Worker Solution

CALGARY, April 11, 2017 – Trakopolis IoT Corp. (“Trakopolis” or the “Company“) (TSX VENTURE: TRAK) is pleased to announce a renewed and expanded partnership to market Honeywell’s ConneXt Loneworker™ safety solution.

In connection with entering into the renewed agreement, Trakopolis and Honeywell will expand their joint sales and marketing efforts globally. In addition, the companies will collaborate on strategies to utilize the Trakopolis IoT Platform with other Honeywell connected safety products.

Honeywell’s ConneXt Loneworker helps companies ensure the safety of workers in the energy, utility and construction industries, whose employees often work in remote locations out of cell phone range. The solution includes a wearable, wireless gas detector, a satellite uplink for the worker’s vehicle and Cloud technology from Trakopolis to optimize field operations. The technology also enables workers to alert the company immediately if they become injured and need help – even if they are out of cell phone range.

Brent Moore, CEO of Trakopolis stated, “We’re excited to broaden our partnership with Honeywell. The renewal of this exclusive agreement is a result of both companies’ belief in the ConneXt Loneworker product, and its efforts to continue to develop innovative, connected solutions.”

“Honeywell safety products help protect more than 500 million workers around the world every day,” said Ken Schmidt, general manager-gas detection for Honeywell Industrial Safety.  “We believe connected safety solutions using Trakopolis’ Cloud technology will help us to better protect workers and provide employers with the data and intelligence they need to improve their operations’ productivity and efficiency.”

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud based solutions for real time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the ongoing services of The Howard Group and the achievement of Trakopolis’ capital markets objectives. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to the success of The Howard Group and Trakopolis in achieving Trakopolis’ capital markets objectives, general business, economic and social uncertainties, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, those additional risks set out in the Trakopolis’ public documents filed on SEDAR at www.sedar.com and other matters discussed in this news release. Although Trakopolis believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Trakopolis disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither 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.

Trakopolis & Microsoft to Host “Internet of Things” Webinar on March 23rd

CALGARY, March 21, 2017 / – Trakopolis IoT Corp. (TSXV: TRAK) (the “Company” or “Trakopolis”) is pleased announce that on March 23rd, 2017 Microsoft & Trakopolis will host an hour-long webinar, starting at 11:00 AM Mountain Time.

The topic of the webinar will be on connecting mobile assets to drive increased visibility and operational efficiency for businesses.

The webinar will be facilitated by Ted Duffield, Chief Revenue Officer of Trakopolis and will feature Honeywell’s ConneXt Lone Worker gas detector. This first of its kind gas detector is integrated into the TRAKOPOLIS’ platform which enables it to communicate over both cellular and satellite networks. It provides companies the ability to communicate with field workers and to have real time visibility of their location. If a cellular network is unavailable, ConneXt Lone Worker will automatically switch to a satellite signal.

ConneXt Lone Worker solution enables these benefits;

  • Increases safety of companies’ workers in the field
  • Provides real time information to allow for reduction of errors and emergency response
  • Remotely verifies that procedures are being satisfied
  • Improves gas detector compliance and usage
  • Efficiently tracks workers that are alone in the field
  • Collects gas data quickly for better decision making
  • Leverages all of the functionality of the Trakopolis IoT platform

To register, please click here.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud based solutions for real time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Trakopolis Provides Corporate Update

CALGARY, Feb. 15, 2017 / – Trakopolis IoT Corp. (TSXV: TRAK) (the “Company” or “Trakopolis”) is pleased to announce a number of positive developments for the Company.

  1. Trakopolis has received a grant of $164,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). The investment is earmarked for further enhancements of the Company’s Electronic Logbook (ELOG) hours of service software assets. Trakopolis is currently offering its ELOG software, which was acquired by the Company last November, to early adopters in the USA and Canada.  The U.S. Federal Motor Carrier Safety Administration (FMCSA) has mandated that all commercial vehicle drivers are required to maintain record keeping relating to hours of service. Over 6 million vehicles and drivers in Canada and the USA must be using an hours of service record keeping solution similar to Trakopolis’ ELOG solution by the end of 2019.
  2. The Company has also received $402,000 from the Canadian Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. These funds will be used to reduce the Company’s current institutional debt facility. Combined with the principal repayment of $14,000 in the month of February, this will reduce the facility from approximately $2.3 M to approximately $1.75 M as at February 28th, 2017. Under the terms of the debt agreement, the Company will not be required to make any further principal repayments until November 2017.

    Brent Moore, CEO of Trakopolis, states, “These are both positive developments for Trakopolis that highlight our success securing non-dilutive government funding that has been allocated towards debt reduction and product enhancement while we focus on aggressively growing our sales programs.”

  3. The Company would also like to announce that the Board of Directors of Trakopolis has approved a change in the fiscal year-end from June 30th to December 31st. The change in the fiscal year-end will become effective on December 31st, 2016 and the Company will file results for the six-month period ending on that date. Thereafter, the Company will operate with a fiscal period beginning on January 1st and ending on December 31st.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud based solutions for real time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

NON-GAAP Financial Measures
“Closed opportunities” does not have any standardized meaning under with International Financial Reporting Standards (“IFRS”) and therefore may not be comparable to similar measures presented by other issuers. Closed opportunities are recognized upon shipment of the hardware and activation of the subscription and recorded in financial statements under hardware revenue and subscription revenue upon satisfaction of the accounting criteria for each revenue stream in accordance with (“IFRS”). The Company highlights closed opportunities as a key metric in measuring sales performance across all verticals.

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the ongoing services of The Howard Group and the achievement of Trakopolis’ capital markets objectives. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to the success of The Howard Group and Trakopolis in achieving Trakopolis’ capital markets objectives, general business, economic and social uncertainties, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, those additional risks set out in the Trakopolis’ public documents filed on SEDAR at www.sedar.com and other matters discussed in this news release. Although Trakopolis believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Trakopolis disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither 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.

Trakopolis IoT Corp. Provides Operational Update

CALGARY, Feb. 1, 2017  – Trakopolis IoT Corp. (TSXV: TRAK), is pleased to provide an operational update.

Since commencing trading on the TSX Venture Exchange (“TSXV“) on November 1st, 2016, the Company has executed the first phase of its accelerated growth plan that focuses on positions that will have an immediate impact on sales, subscriber and customer growth. This includes 4 additional sales members in Canada (2), Texas (1) and Pennsylvania (1).

Through December, 2016 and January, 2017 the Company has closed opportunities representing 1036 new devices to 51 customers. These sales were to a variety of verticals including construction, utilities, oil and gas, government, commercial services, transportation and forestry.

The Company continues to see strong interest in our products and services from our traditional offering and our new segments, connected gas detection and electronic driver log books.

Brent Moore, CEO of Trakopolis stated, “I am pleased with the speed and ability in which we were able to recruit and on-board new staff and have been very encouraged with operational results across the organization since completing our going public transaction on the TSXV.  Sales from new and existing customers, combined with the positive response to our new products and services confirm we are making strong progress in achieving our growth plan.”

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud based solutions for real time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and other.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

NON-GAAP Financial Measures
“Closed opportunities” does not have any standardized meaning under with International Financial Reporting Standards (“IFRS”) and therefore may not be comparable to similar measures presented by other issuers. Closed opportunities are recognized upon shipment of the hardware and activation of the subscription and recorded in financial statements under hardware revenue and subscription revenue upon satisfaction of the accounting criteria for each revenue stream in accordance with (“IFRS”). The Company highlights closed opportunities as a key metric in measuring sales performance across all verticals.

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the ongoing services of The Howard Group and the achievement of Trakopolis’ capital markets objectives. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to the success of The Howard Group and Trakopolis in achieving Trakopolis’ capital markets objectives, general business, economic and social uncertainties, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, those additional risks set out in the Trakopolis’ public documents filed on SEDAR at www.sedar.com and other matters discussed in this news release. Although Trakopolis believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Trakopolis disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither 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.

Trakopolis IoT Corp. Engages The Howard Group To Direct Investor Communications

CALGARY, Jan. 6, 2017 / Trakopolis IoT Corp. (TSXV: TRAK), is pleased to announce it has engaged The Howard Group as its capital markets communications advisor to direct both traditional and online initiatives targeting the investment community and the investing public.

The agreement is for one year, with a minimum six-month term, effective January 1, 2017.  The remuneration payable to The Howard Group will be $8,500 per month plus GST.  In addition, The Howard Group has been granted 90,000 options to acquire common shares in the capital of Trakopolis with a three-year term and an exercise price of $1.00, vesting over a period of 18 months. The agreement is subject to the approval of the TSX Venture Exchange.

Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets programs, financing assistance, business development solutions and strategic planning to public companies.

In addition, The Howard Group Inc. will be providing an ongoing commentary on Trakopolis’ activities through its Insight blog.  Interested parties are encouraged to subscribe to the commentary feed: https://howardgroupinc.com/howard-group-blog/.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud based solutions for real time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and people. The company’s asset management enabling technology works across a variety of platforms and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, mining, gas detection and insurance.

For more information, visit Trakopoliscorp.com or sedar.com

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the ongoing services of The Howard Group and the achievement of Trakopolis’ capital markets objectives. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to the success of The Howard Group and Trakopolis in achieving Trakopolis’ capital markets objectives, general business, economic and social uncertainties, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, those additional risks set out in the Trakopolis’ public documents filed on SEDAR at www.sedar.com and other matters discussed in this news release. Although Trakopolis believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Trakopolis disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither 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.

Trakopolis IoT Corp. Provides Update on Bonus Share Escrow

CALGARY, Dec. 30, 2016 /- Trakopolis IoT Corp. (“Trakopolis“) (TSXV:TRAK) a cloud based platform for interfacing mobile communications, software applications and location based services, today announced that it has cancelled 949,993 of its common shares issued into escrow (the “Bonus Shares“) in connection with the reverse takeover of Lateral Gold Corp. and Trakopolis’ going public transaction as the conditions to release of the Bonus Shares were not satisfied prior to the release deadline of December 31, 2016.

As a result of the cancellation, Trakopolis’ issued and outstanding common shares have been reduced to 23,194,630 from 24,144,623 on an undiluted basis.

About Trakopolis

Trakopolis provides business intelligence to organizations that require current data for equipment, devices, vehicles and people in remote locations. Trakopolis customers benefit from industry-leading data security through Microsoft Azure, powerful analytics and mobile access to their solution across leading mobile operating systems.

For more information, visit Trakopoliscorp.com or sedar.com

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

Neither 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.

Trakopolis IoT Corp. Opens the Market

TORONTO, Dec. 5, 2016 / – Brent Moore, President and CEO, Trakopolis IoT Corp. (TRAK), joined Shaun McIver, Chief Client Officer, Equity Capital Markets, TMX Group to open the market. Trakopolis provides business intelligence services and software to organizations requiring current information and relevant data on the location and status of corporate assets such as equipment, devices, vehicles and people. Trakopolis IoT Corp. listed on TSX Venture Exchange on October 26, 2016.

Trakopolis Files First Quarter Fiscal 2017 Results

CALGARY, November 28, 2016 – Trakopolis IoT Corp. (“Trakopolis” or the “Company”, and formerly, Lateral Gold Corp.) (TSXV:TRAK), and its wholly-owned subsidiary, CANHaul International Corp (“CANHaul”), today announced that each have separately filed unaudited consolidated financial statements and MD&A for the three months ended September 30, 2016 on SEDAR which are available at www.sedar.com.

The financial results for the first quarter of fiscal 2017 for Trakopolis and CANHaul respectively reflect the operations of Trakopolis and CANHaul prior to the previously announced closing of an amalgamation on October 28, 2016, whereby CANHaul became a wholly-owned subsidiary of Trakopolis through a reverse takeover transaction. Together with the amalgamation and subsequent to the quarter:

  • Trakopolis completed a fully subscribed offering, including exercise in full of the over-allotment option, for gross proceeds of $5,750,000 and listed shares on the TSX Venture Exchange under the symbol TRAK;
  • Trakopolis replaced and restructured its long-term debt facility of $1,500,000 with a new facility of $2,800,000 and completed an initial draw of $2,300,000; and
  • Trakopolis acquired Electronic Logbook (ELOG) software assets from Verigo Inc. to support Trakopolis’ expectation of a forthcoming regulatory requirement for commercial drivers to transition to ELOG based records over the next 2 years.

Brent Moore, President and Chief Executive Officer of Trakopolis made the following comments:

“Now that we have the financial resources in place, we are executing on our strategic growth plan. We have expanded our sales force in key target markets including Texas and Pennsylvania as we increase our sales capability and partnerships in the United States and Canada. We are building our sales funnel with a focus on the enterprise segment and we continue to invest in our software platform to enhance existing products and deliver new capabilities.”

About Trakopolis
Trakopolis provides business intelligence services and software to organizations requiring current information and relevant data on the location and status of corporate assets such as equipment, devices, vehicles and people.

Trakopoolis is a proprietary Software as a Service (SaaS) solution suitable for the customized tracking and analytics requirements of many verticals.

For more information, visit trakopoliscorp.com or sedar.com

FOR FURTHER INFORMATION, PLEASE CONTACT:

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.http://sedar.com
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: the execution of the strategic growth plan; legislative or regulatory changes; and the business and operations of Trakopolis. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, including legislative developments with respect to ELOG; those additional risks set out in Trakopolis’ public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although Trakopolis believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Trakopolis disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither 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.