Sollensys Corp (SOLS) 0.0011 $SOLS
Orca Announces Close of a Private Placement of Shares
Filing Services Canada - Mon May 11, 8:41PM CDT
Orca Announces Close of a Private Placement of Shares Vancouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the Company) (CSE:OAA), is pleased to announce that it has closed a private placement of 1,871,443 units at a price of $0.44 per unit, yielding gross proceeds of $823,422.06 to be used for general working capital purposes. Each unit is comprised of 1 common share and one-half of one warrant. Each whole warrant is exercisable to purchase 1 additional common share of the Company at an exercise price of $0.55 per share for a period of 5 years from the issuance date of such warrants. The common shares and the warrants comprising the units are subject to a hold period of 6months and 1 day from their date of issuance. In connection with the private placement, the Company will pay compensation to finders equal to 20% of the proceeds for the units purchased by subscribers introduced by such finders. About Orca Touchscreen Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services. Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies. To learn more about Orca Touchscreen, visit www.orcatouchscreen.com (http://www.orcatouchscreen.com) , and you can view its profile and documents at www.sedar.com (http://www.sedar.com) and www.thecse.com (http://www.thecse.com) . For further information, please contact: Jong Myung (James) Choi Chief Financial Officer and a Director Orca Touchscreen Technologies Ltd. Telephone: 604.880.0499 Email: info@orcatouchtech.com (mailto:info@orcatouchtech.com) The CSE has not reviewed, approved or disapproved the content of this press release. Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...112015.pdf Source: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Orca Announces a Private Placement of Units
Filing Services Canada - Fri Mar 27, 11:38AM CDT
Orca Announces a Private Placement of Units NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the Company) (CSE:OAA) is pleased to announce that it proposes to conduct a private placement of up to 20,000,000 units of the Company at a purchase price $0.44 per Unit for proceeds of up $8,800,000 to be used for general working capital purposes. Each unit will be comprised of 1 common share and one-half of one warrant. Each whole warrant will be exercisable to purchase 1 additional common share of the Company at an exercise price of $0.55 per share for a period of 5 years from the issuance date of such warrants. The common shares and the warrants comprising the units shall be subject to a hold period of 6months and 1 day from their date of issuance. In connection with the private placement, the Company intends to pay compensation to finders of up to 20% of the Units purchased by subscribers introduced by such finders. About Orca Touchscreen Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services. Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies. The common shares of the Company are listed for trading on 3 markets: the Canadian Securities Exchange under the trading symbol OAA, the Frankfurt Stock Exchange under the trading symbol 6OT, and on the OTCQB marketplace (part of OTC Markets Group) under the trading symbol ORTFF. To learn more about Orca Touchscreen, visit www.orcatouchscreen.com (http://www.orcatouchscreen.com) , and you can view its profile and documents at www.sedar.com (http://www.sedar.com) and www.thecse.com (http://www.thecse.com). For further information, please contact: Jong Myung (James) Choi Chief Financial Officer and a Director Orca Touchscreen Technologies Ltd. Telephone: 604.880.0499 Email: info@orcatouchtech.com (mailto:info@orcatouchtech.com) For investor relations, please contact: Christina Payne, President or Nick Boutsalis, Vice President Primoris Group Inc. Telephone: 416.489.0092 Email: ir@orcatouchtech.com (mailto:ir@orcatouchtech.com) None of the CSE, the Frankfurt Stock Exchange and OTC Markets have reviewed, approved or disapproved the contents of this press release. Not an Offer in the United States This news release is not an offer of the securities for sale in the United States. The securities being offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration. Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...272015.pdf Source: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Shareholder Update & Business Development Agreement
Filing Services Canada - Mon Mar 23, 6:57PM CDT
Shareholder Update & Business Development Agreement Vancouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the Company) (CSE:OAA), an IT venture company with an exclusive worldwide license to the use touch sensor technology and patents of Sollensys Corporation (Sollensys), is pleased to provide its shareholders an update on recent developments, future initiatives for 2015, and a business development services agreement. A. Recent Developments Intellectual Property - Acquisition Agreement & License Agreement To view this image, please either click on the link below, or copy and paste the link into your browser: On May 12, 2014 the Company entered into an acquisition agreement with Sollensys, a South Korean corporation, acquiring its patent for a touchscreen laminating apparatus. Also, on May 12, 2014, the Company entered into a patent and technology license agreement with Sollensys (the License Agreement), whereby it acquired an exclusive six-year worldwide license to use all of Sollensys technology and patents. In consideration for the license, the Company agreed to pay a royalty of 10% of the gross revenues received from the patents and 80% of the gross revenues received by the Company from the sale of Sollensys products by the Company. There are risks associated with this license as set forth at the end of this press release. Sollensys is a related party to the Company. GwanJe (Frank) Woo, the Companys CEO and President of the Company is a principal shareholder, director and senior officer of Sollensys; and Seong-Mo (Kevin) Jeong, a director of the Company is a director and senior officer of Sollensys. Sollen-Mobile SA Guatemala Project To view this image, please either click on the link below, or copy and paste the link into your browser: As announced in October 2014, the Company entered into a letter of intent (the LOI) providing for the formation of a Guatemalan joint venture company called Sollen-Mobile SA (Sollen-Mobile), for the purpose of: (i) developing, manufacturing and marketing a smart and inexpensive way of allowing access to telecommunications technology to large masses of mobile phone users; (ii) developing, manufacturing and marketing an inexpensive tablet or touchpad, allowing a large number of customers, especially those in education and business, to enjoy increased productivity; and (iii) developing and implementing programs for computers and mobile applications to provide content for the tablet or touchpad hardware. The Company has advanced US$100,000 for a 30% interest in the joint venture. The joint venture partners continue to diligently work towards completing a definitive agreement. Sollen-Mobile held its opening ceremony at the Barcelo Hotel in Guatemala on October 15, 2014. More than a hundred people attended the ceremony, including Guatemalas President, Vice-President and Ministers of Economy, Science and Labour. Sollen-Mobile received overwhelming support, with the Vice-President and Minister of Economy announcing that the Guatemalan government proposes to purchase 300,000 tablets to replace printed school textbooks in 2015. In addition, three major mobile phone service providers showed a high level of interest in Sollen-Mobiles products. However, no contractual orders have been placed to date. GwanJe (Frank) Woo, CEO of the Company & Sollen-Mobile at the opening ceremony in Guatemala. Sollen-Mobile - Guatemala Factory Pursuant to the LOI, the head office and factory of Sollen-Mobile is to be located in Escuintla, Guatemala, approximately 42 miles south of Guatemala City in the industrial park called Technopark. Technopark is a strategically centralized hub for Central American markets, providing both logistical convenience and Guatemalan tax advantages. Construction of the factory began in October 2014 and Sollen-Mobile will be responsible for obtaining the required work and safety permits. On completion of construction, Sollen-Mobile intends to begin producing high-end products to be supplied to local markets and exported to Central and South America. To view this image, please either click on the link below, or copy and paste the link into your browser: The Companys CFO, James Choi at the Guatemala Factory during construction. B. Future Initiatives for 2015 The Company continues to focus on building value for its shareholders as it strives toward becoming a leading provider of touchscreen manufacturing and consulting services worldwide. C. Business Development Services Agreement The Company announces that it has entered into a service agreement with a private equity and venture capital firm based in Singapore (the Firm) as of the date of this press release, pursuant to which the Firm will provide business development services at a rate of CAD$85,000 per month for the first nine months and CAD$5,000 per month for each month thereafter. The initial term of the agreement is three years, unless terminated by either party on thirty days written notice. The Company has advanced CAD$750,000 to the Firm as payment for services. Risks Associated with the Sollensys License Agreement There are risks in the Companys License Agreement with Sollensys in that Sollensys has experienced financial difficulties over the past 4 years. The Korean Institute for Advancement of Technology (KIAT) filed a lawsuit for a total 460,000,000 Korean Won (approximately CAD$506,000 or US$460,000) against Sollensys to recover subsidies provided in 2011 for technology development. In January 2012, Sollensys suspended its operations due to a shortage of operating funds. As a consequence, development was suspended and Sollensys was unable to submit development status reports to KIAT. Sollensys formerly had a branch office in Shenzhen, China and a research and development center in San Jose, California. Although Sollensys is not currently operating its Korean manufacturing facility, its Chinese branch office or its San Jose research and development centre, it still owns the intellectual property. The Companys ability to generate revenues from the License Agreement is limited to exploitation of the intellectual property of Sollensys, such as sublicensing. The currency figures in this section are based on currency exchange rates as at June 4, 2014 whereby 1 Korean Won = CAD$0.0011 and USD$0.0010. About Orca Touchscreen Orca Touchscreens intended business is the sale and distribution of capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corporation, a Korean touchscreen manufacturer, to make, sell and distribute touchscreen products and services. Sollensys technology is on the cutting edge of capacitive touch sensor technologies. The common shares of the Company are quoted for trading on 3 markets: the Canadian Securities Exchange under the trading symbol OAA, the Frankfurt Stock Exchange under the trading symbol 6OT, and on the OTCQB marketplace (part of OTC Markets Group) under the trading symbol ORTFF. To learn more about Orca Touchscreen, visit www.orcatouchscreen.com (http://www.orcatouchscreen.com), and you can view its profile and documents at www.sedar.com (http://www.sedar.com) and www.thecse.com (http://www.thecse.com). For further information, please contact: Jong Myung (James) Choi Chief Financial Officer and Director Orca Touchscreen Technologies Ltd. Telephone: 604.601.8504 Email: info@orcatouchtech.com (mailto:info@orcatouchtech.com) For investor relations, please contact: Nick Boutsalis, Vice President Primoris Group Inc. Telephone: 416.489.0092 Email: nboutsalis@primorisgroup.com (mailto:nboutsalis@primorisgroup.com) None of the CSE, the Frankfurt Stock Exchange and OTC Markets have reviewed, approved or disapproved the contents of this press release. Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...322015.pdf Source: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Orca Responds To BCSC Continuous Disclosure Review
Filing Services Canada - Fri Mar 13, 1:32PM CDT
Orca Responds To BCSC Continuous Disclosure Review Vancouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the Company or Orca) (CSE:OAA), wishes to announce that as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify our disclosure. On March 18, 2014 the Company filed on SEDAR a material change report and notice of change of corporate structure dated March 17, 2014 (jointly, the Material Change Report) regarding the closing on March 6, 2014 of a statutory plan of arrangement involving the Company, Orca Mobile Solutions Ltd. (Orca Mobile), and Gorilla Minerals Corp. Subsequently, on February 5, 2015, the Material Change Report was amended to add various financial statements to the list of documents filed under National Instrument 51-102 (NI 51-102). As a result of the BCSCs request, the Company has today filed the following on SEDAR: a, the Material Change Report further amended at March 13, 2015 as to: addition of December 31, 2013 as a comparative date for the interim financial statements for the third quarter ended September 30, 2014; and addition of item (b) below to the list of documents filed under NI 51-102; b. audited financial statements of Orca Mobile for the period from its incorporation on December 17, 2013 to December 31, 2013; c unaudited financial statements of the Company for the interim period ended September 30, 2014, amended and restated with comparison to December 31, 2013; and d. managements discussion and analysis for the same interim period, likewise amended and restated. About Orca Touchscreen Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services. Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies. The common shares of the Company are quoted for trading on 3 markets: the Canadian Securities Exchange under the trading symbol OAA, the Frankfurt Stock Exchange under the trading symbol 6OT, and on the OTCQB (part of OTC Markets) under the trading symbol ORTFF. To learn more about Orca Touchscreen, visit www.orcatouchscreen.com (http://www.orcatouchscreen.com) , and you can view its profile and documents at www.sedar.com (http://www.sedar.com) and www.thecse.com (http://www.thecse.com). For further information, please contact: Jong Myung (James) Choi Chief Financial Officer and a Director Orca Touchscreen Technologies Ltd. Telephone: 604.601.8504 Email: info@orcatouchtech.com (mailto:info@orcatouchtech.com) For investor relations, please contact: Nick Boutsalis, Vice President Primoris Group Inc. Telephone: 416.489.0092 Email: nboutsalis@primorisgroup.com (mailto:nboutsalis@primorisgroup.com) None of the CSE, the Frankfurt Stock Exchange and OTC Markets have reviewed, approved or disapproved the contents of this press release. Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...132015.pdf Source: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Orca Resumes Trading on Frankfurt Stock Exchange
Filing Services Canada - Mon Mar 09, 4:03PM CDT
Orca Resumes Trading on Frankfurt Stock Exchange Vancouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the Company or Orca) (CSE:OAA), is pleased to announce that the trading suspension disclosed on February 10, 2015 was lifted by the Frankfurt Stock Exchange on March 5, 2015. About Orca Touchscreen Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services. Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies. The common shares of the Company are quoted for trading on 3 markets: the Canadian Securities Exchange under the trading symbol OAA, the Frankfurt Stock Exchange under the trading symbol 6OT, and on the OTCQB (part of OTC Markets) under the trading symbol ORTFF. To learn more about Orca Touchscreen, visit www.orcatouchscreen.com (http://www.orcatouchscreen.com) , and you can view its profile and documents at www.sedar.com (http://www.sedar.com) and www.thecse.com (http://www.thecse.com). For further information, please contact: Jong Myung (James) Choi Chief Financial Officer and a Director Orca Touchscreen Technologies Ltd. Telephone: 604.601.8504 Email: info@orcatouchtech.com (mailto:info@orcatouchtech.com) None of the CSE, the Frankfurt Stock Exchange and OTC Markets have reviewed, approved or disapproved the contents of this press release. Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...092015.pdf Source: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Orca Touchscreen Announces Proposed Factory Opening for its Guatemala Smartphone Project
Filing Services Canada XHTML - Thu Oct 23, 6:13PM CDT
Orca Touchscreen Announces Further Loan for Royalty Payments & Guatemala Smartphone Project
Filing Services Canada XHTML - Wed Oct 15, 3:59PM CDT
Orca Touchscreen Announces Letter of Intent for Guatemala Smartphone Project
Filing Services Canada XHTML - Wed Oct 08, 1:20PM CDT
Orca Touchscreen Announces Loan for Guatemala Smartphone Project
Filing Services Canada XHTML - Thu Oct 02, 8:18PM CDT
Orca Announces Close of a Private Placement of Shares
Filing Services Canada - Mon May 11, 8:41PM CDT
Orca Announces Close of a Private Placement of Shares Vancouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the Company) (CSE:OAA), is pleased to announce that it has closed a private placement of 1,871,443 units at a price of $0.44 per unit, yielding gross proceeds of $823,422.06 to be used for general working capital purposes. Each unit is comprised of 1 common share and one-half of one warrant. Each whole warrant is exercisable to purchase 1 additional common share of the Company at an exercise price of $0.55 per share for a period of 5 years from the issuance date of such warrants. The common shares and the warrants comprising the units are subject to a hold period of 6months and 1 day from their date of issuance. In connection with the private placement, the Company will pay compensation to finders equal to 20% of the proceeds for the units purchased by subscribers introduced by such finders. About Orca Touchscreen Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services. Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies. To learn more about Orca Touchscreen, visit www.orcatouchscreen.com (http://www.orcatouchscreen.com) , and you can view its profile and documents at www.sedar.com (http://www.sedar.com) and www.thecse.com (http://www.thecse.com) . For further information, please contact: Jong Myung (James) Choi Chief Financial Officer and a Director Orca Touchscreen Technologies Ltd. Telephone: 604.880.0499 Email: info@orcatouchtech.com (mailto:info@orcatouchtech.com) The CSE has not reviewed, approved or disapproved the content of this press release. Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...112015.pdf Source: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Orca Announces a Private Placement of Units
Filing Services Canada - Fri Mar 27, 11:38AM CDT
Orca Announces a Private Placement of Units NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the Company) (CSE:OAA) is pleased to announce that it proposes to conduct a private placement of up to 20,000,000 units of the Company at a purchase price $0.44 per Unit for proceeds of up $8,800,000 to be used for general working capital purposes. Each unit will be comprised of 1 common share and one-half of one warrant. Each whole warrant will be exercisable to purchase 1 additional common share of the Company at an exercise price of $0.55 per share for a period of 5 years from the issuance date of such warrants. The common shares and the warrants comprising the units shall be subject to a hold period of 6months and 1 day from their date of issuance. In connection with the private placement, the Company intends to pay compensation to finders of up to 20% of the Units purchased by subscribers introduced by such finders. About Orca Touchscreen Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services. Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies. The common shares of the Company are listed for trading on 3 markets: the Canadian Securities Exchange under the trading symbol OAA, the Frankfurt Stock Exchange under the trading symbol 6OT, and on the OTCQB marketplace (part of OTC Markets Group) under the trading symbol ORTFF. To learn more about Orca Touchscreen, visit www.orcatouchscreen.com (http://www.orcatouchscreen.com) , and you can view its profile and documents at www.sedar.com (http://www.sedar.com) and www.thecse.com (http://www.thecse.com). For further information, please contact: Jong Myung (James) Choi Chief Financial Officer and a Director Orca Touchscreen Technologies Ltd. Telephone: 604.880.0499 Email: info@orcatouchtech.com (mailto:info@orcatouchtech.com) For investor relations, please contact: Christina Payne, President or Nick Boutsalis, Vice President Primoris Group Inc. Telephone: 416.489.0092 Email: ir@orcatouchtech.com (mailto:ir@orcatouchtech.com) None of the CSE, the Frankfurt Stock Exchange and OTC Markets have reviewed, approved or disapproved the contents of this press release. Not an Offer in the United States This news release is not an offer of the securities for sale in the United States. The securities being offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration. Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...272015.pdf Source: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Shareholder Update & Business Development Agreement
Filing Services Canada - Mon Mar 23, 6:57PM CDT
Shareholder Update & Business Development Agreement Vancouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the Company) (CSE:OAA), an IT venture company with an exclusive worldwide license to the use touch sensor technology and patents of Sollensys Corporation (Sollensys), is pleased to provide its shareholders an update on recent developments, future initiatives for 2015, and a business development services agreement. A. Recent Developments Intellectual Property - Acquisition Agreement & License Agreement To view this image, please either click on the link below, or copy and paste the link into your browser: On May 12, 2014 the Company entered into an acquisition agreement with Sollensys, a South Korean corporation, acquiring its patent for a touchscreen laminating apparatus. Also, on May 12, 2014, the Company entered into a patent and technology license agreement with Sollensys (the License Agreement), whereby it acquired an exclusive six-year worldwide license to use all of Sollensys technology and patents. In consideration for the license, the Company agreed to pay a royalty of 10% of the gross revenues received from the patents and 80% of the gross revenues received by the Company from the sale of Sollensys products by the Company. There are risks associated with this license as set forth at the end of this press release. Sollensys is a related party to the Company. GwanJe (Frank) Woo, the Companys CEO and President of the Company is a principal shareholder, director and senior officer of Sollensys; and Seong-Mo (Kevin) Jeong, a director of the Company is a director and senior officer of Sollensys. Sollen-Mobile SA Guatemala Project To view this image, please either click on the link below, or copy and paste the link into your browser: As announced in October 2014, the Company entered into a letter of intent (the LOI) providing for the formation of a Guatemalan joint venture company called Sollen-Mobile SA (Sollen-Mobile), for the purpose of: (i) developing, manufacturing and marketing a smart and inexpensive way of allowing access to telecommunications technology to large masses of mobile phone users; (ii) developing, manufacturing and marketing an inexpensive tablet or touchpad, allowing a large number of customers, especially those in education and business, to enjoy increased productivity; and (iii) developing and implementing programs for computers and mobile applications to provide content for the tablet or touchpad hardware. The Company has advanced US$100,000 for a 30% interest in the joint venture. The joint venture partners continue to diligently work towards completing a definitive agreement. Sollen-Mobile held its opening ceremony at the Barcelo Hotel in Guatemala on October 15, 2014. More than a hundred people attended the ceremony, including Guatemalas President, Vice-President and Ministers of Economy, Science and Labour. Sollen-Mobile received overwhelming support, with the Vice-President and Minister of Economy announcing that the Guatemalan government proposes to purchase 300,000 tablets to replace printed school textbooks in 2015. In addition, three major mobile phone service providers showed a high level of interest in Sollen-Mobiles products. However, no contractual orders have been placed to date. GwanJe (Frank) Woo, CEO of the Company & Sollen-Mobile at the opening ceremony in Guatemala. Sollen-Mobile - Guatemala Factory Pursuant to the LOI, the head office and factory of Sollen-Mobile is to be located in Escuintla, Guatemala, approximately 42 miles south of Guatemala City in the industrial park called Technopark. Technopark is a strategically centralized hub for Central American markets, providing both logistical convenience and Guatemalan tax advantages. Construction of the factory began in October 2014 and Sollen-Mobile will be responsible for obtaining the required work and safety permits. On completion of construction, Sollen-Mobile intends to begin producing high-end products to be supplied to local markets and exported to Central and South America. To view this image, please either click on the link below, or copy and paste the link into your browser: The Companys CFO, James Choi at the Guatemala Factory during construction. B. Future Initiatives for 2015 The Company continues to focus on building value for its shareholders as it strives toward becoming a leading provider of touchscreen manufacturing and consulting services worldwide. C. Business Development Services Agreement The Company announces that it has entered into a service agreement with a private equity and venture capital firm based in Singapore (the Firm) as of the date of this press release, pursuant to which the Firm will provide business development services at a rate of CAD$85,000 per month for the first nine months and CAD$5,000 per month for each month thereafter. The initial term of the agreement is three years, unless terminated by either party on thirty days written notice. The Company has advanced CAD$750,000 to the Firm as payment for services. Risks Associated with the Sollensys License Agreement There are risks in the Companys License Agreement with Sollensys in that Sollensys has experienced financial difficulties over the past 4 years. The Korean Institute for Advancement of Technology (KIAT) filed a lawsuit for a total 460,000,000 Korean Won (approximately CAD$506,000 or US$460,000) against Sollensys to recover subsidies provided in 2011 for technology development. In January 2012, Sollensys suspended its operations due to a shortage of operating funds. As a consequence, development was suspended and Sollensys was unable to submit development status reports to KIAT. Sollensys formerly had a branch office in Shenzhen, China and a research and development center in San Jose, California. Although Sollensys is not currently operating its Korean manufacturing facility, its Chinese branch office or its San Jose research and development centre, it still owns the intellectual property. The Companys ability to generate revenues from the License Agreement is limited to exploitation of the intellectual property of Sollensys, such as sublicensing. The currency figures in this section are based on currency exchange rates as at June 4, 2014 whereby 1 Korean Won = CAD$0.0011 and USD$0.0010. About Orca Touchscreen Orca Touchscreens intended business is the sale and distribution of capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corporation, a Korean touchscreen manufacturer, to make, sell and distribute touchscreen products and services. Sollensys technology is on the cutting edge of capacitive touch sensor technologies. The common shares of the Company are quoted for trading on 3 markets: the Canadian Securities Exchange under the trading symbol OAA, the Frankfurt Stock Exchange under the trading symbol 6OT, and on the OTCQB marketplace (part of OTC Markets Group) under the trading symbol ORTFF. To learn more about Orca Touchscreen, visit www.orcatouchscreen.com (http://www.orcatouchscreen.com), and you can view its profile and documents at www.sedar.com (http://www.sedar.com) and www.thecse.com (http://www.thecse.com). For further information, please contact: Jong Myung (James) Choi Chief Financial Officer and Director Orca Touchscreen Technologies Ltd. Telephone: 604.601.8504 Email: info@orcatouchtech.com (mailto:info@orcatouchtech.com) For investor relations, please contact: Nick Boutsalis, Vice President Primoris Group Inc. Telephone: 416.489.0092 Email: nboutsalis@primorisgroup.com (mailto:nboutsalis@primorisgroup.com) None of the CSE, the Frankfurt Stock Exchange and OTC Markets have reviewed, approved or disapproved the contents of this press release. Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...322015.pdf Source: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Orca Responds To BCSC Continuous Disclosure Review
Filing Services Canada - Fri Mar 13, 1:32PM CDT
Orca Responds To BCSC Continuous Disclosure Review Vancouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the Company or Orca) (CSE:OAA), wishes to announce that as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify our disclosure. On March 18, 2014 the Company filed on SEDAR a material change report and notice of change of corporate structure dated March 17, 2014 (jointly, the Material Change Report) regarding the closing on March 6, 2014 of a statutory plan of arrangement involving the Company, Orca Mobile Solutions Ltd. (Orca Mobile), and Gorilla Minerals Corp. Subsequently, on February 5, 2015, the Material Change Report was amended to add various financial statements to the list of documents filed under National Instrument 51-102 (NI 51-102). As a result of the BCSCs request, the Company has today filed the following on SEDAR: a, the Material Change Report further amended at March 13, 2015 as to: addition of December 31, 2013 as a comparative date for the interim financial statements for the third quarter ended September 30, 2014; and addition of item (b) below to the list of documents filed under NI 51-102; b. audited financial statements of Orca Mobile for the period from its incorporation on December 17, 2013 to December 31, 2013; c unaudited financial statements of the Company for the interim period ended September 30, 2014, amended and restated with comparison to December 31, 2013; and d. managements discussion and analysis for the same interim period, likewise amended and restated. About Orca Touchscreen Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services. Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies. The common shares of the Company are quoted for trading on 3 markets: the Canadian Securities Exchange under the trading symbol OAA, the Frankfurt Stock Exchange under the trading symbol 6OT, and on the OTCQB (part of OTC Markets) under the trading symbol ORTFF. To learn more about Orca Touchscreen, visit www.orcatouchscreen.com (http://www.orcatouchscreen.com) , and you can view its profile and documents at www.sedar.com (http://www.sedar.com) and www.thecse.com (http://www.thecse.com). For further information, please contact: Jong Myung (James) Choi Chief Financial Officer and a Director Orca Touchscreen Technologies Ltd. Telephone: 604.601.8504 Email: info@orcatouchtech.com (mailto:info@orcatouchtech.com) For investor relations, please contact: Nick Boutsalis, Vice President Primoris Group Inc. Telephone: 416.489.0092 Email: nboutsalis@primorisgroup.com (mailto:nboutsalis@primorisgroup.com) None of the CSE, the Frankfurt Stock Exchange and OTC Markets have reviewed, approved or disapproved the contents of this press release. Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...132015.pdf Source: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Orca Resumes Trading on Frankfurt Stock Exchange
Filing Services Canada - Mon Mar 09, 4:03PM CDT
Orca Resumes Trading on Frankfurt Stock Exchange Vancouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the Company or Orca) (CSE:OAA), is pleased to announce that the trading suspension disclosed on February 10, 2015 was lifted by the Frankfurt Stock Exchange on March 5, 2015. About Orca Touchscreen Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services. Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies. The common shares of the Company are quoted for trading on 3 markets: the Canadian Securities Exchange under the trading symbol OAA, the Frankfurt Stock Exchange under the trading symbol 6OT, and on the OTCQB (part of OTC Markets) under the trading symbol ORTFF. To learn more about Orca Touchscreen, visit www.orcatouchscreen.com (http://www.orcatouchscreen.com) , and you can view its profile and documents at www.sedar.com (http://www.sedar.com) and www.thecse.com (http://www.thecse.com). For further information, please contact: Jong Myung (James) Choi Chief Financial Officer and a Director Orca Touchscreen Technologies Ltd. Telephone: 604.601.8504 Email: info@orcatouchtech.com (mailto:info@orcatouchtech.com) None of the CSE, the Frankfurt Stock Exchange and OTC Markets have reviewed, approved or disapproved the contents of this press release. Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...092015.pdf Source: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Orca Touchscreen Announces Proposed Factory Opening for its Guatemala Smartphone Project
Filing Services Canada XHTML - Thu Oct 23, 6:13PM CDT
Orca Touchscreen Announces Further Loan for Royalty Payments & Guatemala Smartphone Project
Filing Services Canada XHTML - Wed Oct 15, 3:59PM CDT
Orca Touchscreen Announces Letter of Intent for Guatemala Smartphone Project
Filing Services Canada XHTML - Wed Oct 08, 1:20PM CDT
Orca Touchscreen Announces Loan for Guatemala Smartphone Project
Filing Services Canada XHTML - Thu Oct 02, 8:18PM CDT
