- Prospect Park Capital (PPK) is transitioning its business from an “investment issuer” to a “technology issuer”
- The change of business and name change will require shareholder approval at the upcoming annual general and special meeting
- The change of business is also subject to the approval of the CSE
- Prospect Park Capital Corp. (PPK) is trading at C$0.07 at 11:41 am EST
Prospect Park Capital (PPK) is transitioning its business operations from an “investment issuer” to a “technology issuer”.
After an evaluation of its existing resources and a review of strategic options, Prospect Part will focus its operations on highly scalable business to consumer communication platforms.
This will include platforms that connect service providers with customers in the areas of health and education.
Prospect’s board of directors believes that its network of business contacts and the depth of experience of its management team will enable Prospect Park a technology issuer.
Prospect will look to integrate the technologies it acquired as part of its acquisitions of Diitalk Communications Inc. and 102130706 Saskatchewan Inc.
Diitalk is in the business of operating a rewards-based communication platform and the provision of services in connection therewith, including, without limitation, VOIP calling, SMS messaging, analytics engine, mobile apps and add engines.
Tutors on Demand is in the business of operating a virtual marketplace through the Tutors on Demand Platform which enables the connection of qualified tutors and student learners who are seeking additional educational support.
The change of business and name change will require shareholder approval at the upcoming annual general and special meeting which is expected to be held in Q1 of 2022.
The change of business is also subject to the approval of the CSE.
James Greig CEO of Prospect Park Capital Corp. commented,
“We are very excited to move forward under the new name adding clarity to our goal of incubating and launching some very highly scalable technologies.”
“We feel the added visibility and focus will catapult us on to the world stage with our robust communication app Diitalk and additional assets in the areas of health and education,” added Grieg.
Prospect Park Capital Corp. (PPK) is trading at C$0.07 at 11:41 am EST.
