Feb 25, 2022
EonX Press Release
EonX Technologies Inc. (CSE:EONX), ("EonX" or the "Company") is pleased to announce it has signed a master supply agreement with The Royal Australian College of General Practitioners (RACGP) to supply a branded loyalty, rewards, eWallet and software platform to service over 40,000 members.
The RACGP is the voice of general practitioners throughout Australia that has been supporting Australia’s health system with education and practice standards for over 60 years. Doctors become members of RACGP to continue their professional development. RACGP develops resources and guidelines to support doctors in providing their patients with world-class healthcare and help with the unique issues that affect Australian doctors seeing more than two million patients per week.
EonX has granted RACGP a non-exclusive license based on a minimum commitment of 40,000 members over 36 month period allowing RACGP members access to EonX’s branded loyalty, rewards, eWallet and payment software platform.
The RACGP will pay EonX a minimum of $351,000 over the term of the project and where the initial threshold of 40,000 members is exceeded, a $2 per member per annum fee will be charged in the following year’s license fees.
Chief Executive Officer, Andrew Kallen, said “We are delighted to welcome The Royal Australian College of General Practitioners to our fintech and loyalty platform and we are excited to be providing the benefits of our loyalty and rewards program to their general practitioners around the country”.
EonX announces the grant of stock options to its employees and consultants to purchase 7,635,154 shares of the Company (“Shares”) at a price of $1.60 per Share for a term of 4 years. The Directors have also been granted option including Andrew Kallen (1,900,000 options), Anoosh Manzoori (100,001 options), Justin Hanka (100,000 options).
On behalf of the board of directors of EonX Technologies Inc. “Andrew Kallen” Andrew Kallen, CEO
For more information about EonX, contact: Andrew Kallen Chief Executive Officer EonX Technologies Inc.
The CSE does not accept responsibility for the adequacy or accuracy of this news release.
Notice regarding Forward Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties as described in the Company's filings with Canadian securities regulators. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.