Business
Adcore Celebrates Its 1 Year Anniversary As A Public Company
TORONTO, ON / ACCESSWIRE / June 2, 2020 / Adcore Inc. (the " Company " or " Adcore ") (TSX...
About this update from Adcore Inc
[{"type":"text","content":"Adcore Celebrates Its 1 Year Anniversary As A Public CompanyTORONTO, ON / ACCESSWIRE / June 2, 2020 / Adcore Inc. (the \"Company\" or \"Adcore\") (TSXV:ADCO), a leading provider of machine-learning (\"ML\" and \"AI\") powered advertising technologies used by digital agencies and advertisers to enhance and maximize online advertising (\"Online Advertising\"), today celebrates its first anniversary as a publicly traded company on TSX Venutre Exchange. One year ago, company executives and representatives marked this milestone by ringing the opening bell on the Exchange. While Adcore is today a one-year-old public company, it has a proud 14-year track record of excellence, since its foundation in 2006.First year trading highlightsShare price grew by 38% from $0.50 to $0.69Market capitalization grew by $10.8M from $27.7M to $38.5MDuring the last 6 months avg. daily volume was over 85,000 sharesFrom May 29th, 2019 until May 31st, 2020 13,144,670 shares tradedIn honor of its 1st anniversary as a public company and in order to incentivize its directors, officers and employees for the following years to come, it granted an aggregate of 780,000 stock options (the \"Options\") under its stock option plan to certain directors, officers and employees of the Company and its subsidiaries, of which 160,000 Options were granted to directors and officers. The Options are exercisable into common shares of the Company (the \"Common Shares\") for a period of 4 years at an exercise price of $0.65 per share.ABOUT ADCOREAdcore is a leading provider of machine-learning powered advertising technologies. Adcore's suite of solutions empowers digital advertisers with automated solutions to enhance and maximize their Search Engine Marketing (\"SEM\"). Adcore's technologies are designed for in-house marketing professionals, freelancers and advertising agencies to scale their SEM activity and maximize their ROI.By combining extensive industry knowledge and experience with its proprietary artificial intelligence (\"AI\") engine, Adcore offers a unique SEM platform. In addition to being named numerous times on Deloitte's Fast 50 Technology list, Adcore is a certified Google Premier Partner and Microsoft Partner.Adcore serves hundreds of clients worldwide including: Digital Marketing Agencies, e-Commerce Businesses, Travel, Financial Technology and Gaming Compani...