Business
Killi Announces Filing of Third Quarter Results and Upcoming Shareholder Call
Company Also Provides Update on Account Additions and Warrant Exercises Toronto, Ontario--(Ne...
About this update from Reklaim Ltd
[{"type":"text","content":"Killi Announces Filing of Third Quarter Results and Upcoming Shareholder CallCompany Also Provides Update on Account Additions and Warrant ExercisesToronto, Ontario--(Newsfile Corp. - November 25, 2020) - Killi Ltd. (TSXV: MYID) (OTCQB: MYIDF), a global leader in data and consumer privacy, announces the filing of the Financial Statements and Management Discussion and Analysis (MD&A) for the three and nine-month period ending September 30, 2020.\"The third quarter was the first period where our sole focus was the Killi platform. Our product has transitioned from a predominantly 'active' earning environment for our users to one that is passive, allowing our users to 'set it and forget it' and make money from the sale of their data,\" commented Killi Founder and CEO Neil Sweeney, \"We also continued with the scaling of our account and user base which we believe will result in new and recurring revenue streams in the future, while also completing several corporate initiatives including the upgrading of our stock listing in the US to the OTCQB, and the strengthening of our balance sheet with a significant number of warrant holders exercising their warrants early. We continue to make great progress on achieving the Company's goal of being the global leader in consumer privacy. We look forward to updating shareholders on our progress in early December.\" Account Additions, Launch of the Killi Paycheck and Warrant Exercise UpdateAs of this news release date, the Company has added a further 25 million accounts to the Killi backlog via a new partnership that the company will look to process through its proprietary consent framework over the coming quarters. These account additions bring the total available accounts inside of Killi to approximately 55 million across the five countries it serves. For more clarity regarding accounts, once an account has been created inside of Killi, the Company then contacts each one directly, notifying them, and encouraging them to opt into other income-earning opportunities. Upon opting-in, the Company then recognizes such accounts as \"active users,\" and the account owners can then receive the Killi Paycheck, a weekly guaranteed payment based on the total data that each consumer chooses to share. The Killi Paycheck is the only program in the world that pays users a weekly guaranteed payment for the u...