VANCOUVER, BC--(Marketwired - Nov 22, 2016) - Fundamental Applications Corp. ("Fundamental" or the "Company") (
As part of the deal to expand Fundamental's presence across Europe and Asia, Steubing AG affords additional liquidity for Fundamental to secure new investors and support the company in adhering to the rules and regulations of the Frankfurt Stock Exchange. The arrangement provides the opportunity for Fundamental to be positioned with one of the most experienced securities trading banks in Germany. As the designated sponsor, Steubing AG will act both for dividend qualifying securities and new shares, as it relates to securities trading on Xetra. Xetra has grown to account for more than 90% of all stock trades on the Frankfurt Stock Exchange and Ireland, Vienna and Shanghai are some of the numerous stock exchanges across Europe and Asia utilizing the platform.
Fundamental's CEO Brad Moore states, "We are pleased to have reached an agreement with Steubing AG, one of the most highly-regarded securities trading banks in Europe. Fundamental receives tremendous value by having Steubing AG operate as our designated sponsor, since the company can now enhance transparency and gain access to new investors."
Fundamental Applications Corp. (
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Fundamental. Forward-looking information is based on certain key expectations and assumptions made by the management of Fundamental. Although Fundamental 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 Fundamental 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. Fundamental 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.