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Logiq Restructures Management Team

Retrieved on: 
Thursday, January 13, 2022
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NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning consumer acquisition solutions, today announced a restructuring of the Companys senior management team to better execute on its previously announced strategic direction.

Key Points: 
  • NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning consumer acquisition solutions, today announced a restructuring of the Companys senior management team to better execute on its previously announced strategic direction.
  • Haig Newton, President of DataLogiq, former head of Logiq Consumer Marketing, and co-founder of Push Interactive, will lead strategy and vision.
  • Logiq has grown tremendously and rapidly evolved in just the past two years, says Logiq Executive Chairman and CEO Brent Suen.
  • Logiq undertakes no obligation to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Logiq Adjourns Special Meeting of Stockholders to January 18, 2022; Encourages Stockholders to Vote

Retrieved on: 
Thursday, December 23, 2021
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There is no change to the record date of October 25, 2021 for the stockholders entitled to vote at the Special Meeting.

Key Points: 
  • There is no change to the record date of October 25, 2021 for the stockholders entitled to vote at the Special Meeting.
  • A quorum consists of a majority of the shares entitled to vote.
  • If you have not yet voted,Logiq urges stockholders to vote through the Internet, by telephone, or by mail by following the instructions on the proxy card they received.
  • You may also vote your shares telephonically by dialing 1-800-690-6903 from a touch-tone phone and following the automated prompts.

Logiq Finalizes Agreement to Transfer AppLogiq Assets into Publicly Traded Subsidiary; Sets Record Date of December 30 for Shareholders of Logiq to Receive Shares in the Publicly Traded Subsidiary

Retrieved on: 
Thursday, December 16, 2021
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The agreement advances Logiqs announced plans to separate its DataLogiq and AppLogiq businesses into two independent publicly traded companies.

Key Points: 
  • The agreement advances Logiqs announced plans to separate its DataLogiq and AppLogiq businesses into two independent publicly traded companies.
  • The next step will involve the transfer of AppLogiq assets into Lovarra before the end of the year.
  • Logiq is also applying to FINRA to change the name of Lovarra to GoLogiq and obtain a new trading symbol.
  • Logiq shareholders of record on December 30, 2021 will receive shares in Lovarra/GoLogiq on a proportionate basis when Logiq distributes 100% of its Lovarra/GoLogiq shares to these shareholders.

Logiq Expects Q4 2021 Revenue to Exceed $10 Million, up more than 52%, with Continued Gross Margin Expansion

Retrieved on: 
Thursday, December 2, 2021
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Our strengthening performance reflects the continued transformation of our business that has been refocused over this past year on higher quality, more profitable revenue streams, stated Brent Suen, president of Logiq.

Key Points: 
  • Our strengthening performance reflects the continued transformation of our business that has been refocused over this past year on higher quality, more profitable revenue streams, stated Brent Suen, president of Logiq.
  • In fact, we have seen strong gross margin improvement every quarter of this year.
  • Fourth quarter 2021 gross margin is expected to continue to expand to record levels, exceeding at least 33.0%, compared to 29.5% in the previous quarter and 21.1% in the same year-ago quarter.
  • Our teams are also on fire, morale is super high, and strategic partners and customers are coming to us for deals.

Logiq Advances Separation of AppLogiq and DataLogiq with Acquisition of Fully-Reporting Publicly Traded Company for AppLogiq

Retrieved on: 
Wednesday, December 1, 2021
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The acquisition advances Logiqs previously announced plans to separate its DataLogiq and AppLogiq businesses into two independent publicly traded companies.

Key Points: 
  • The acquisition advances Logiqs previously announced plans to separate its DataLogiq and AppLogiq businesses into two independent publicly traded companies.
  • Logiq now begins the process of transferring its AppLogiq business into Lovarra.
  • Whereas, currently we do not see the markets attributing much, if any, valuation of this business segment to Logiqs overall valuation.
  • Logiqs chief strategy officer for AppLogiq, Matthew Brent, is expected to be appointed as Lovarra/GoLogiqs chief executive officer.

Logiq to Present at the Benchmark Discovery 1x1 Investor Conference, December 2, 2021

Retrieved on: 
Monday, November 22, 2021
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NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning consumer acquisition solutions, has been invited to present at the Benchmark Discovery 1x1 Investor Conference being held virtually on December 2, 2021.

Key Points: 
  • NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning consumer acquisition solutions, has been invited to present at the Benchmark Discovery 1x1 Investor Conference being held virtually on December 2, 2021.
  • Logiq president, Brent Suen, is scheduled to present and participate in one-on-one meetings with institutional analysts and investors held throughout the day.
  • The separation would enable each company to better capitalize on their respective growth opportunities in the rapidly evolving global e-commerce and fintech landscape.
  • The Benchmark Company, LLC is a diversified financial services firm that offers a full-suite of investment banking and institutional brokerage services.

Logiq Reports Q3 2021 Revenue Up 11% to $7.8 Million, with Gross Profit up 108% to $2.3 million

Retrieved on: 
Monday, November 15, 2021
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AppLogiq contributed $2.8 million or 36% of consolidated revenue in Q3 2021, a decrease of $0.4 million from $3.2 million or 46% of consolidated revenue in the same year-ago period.

Key Points: 
  • AppLogiq contributed $2.8 million or 36% of consolidated revenue in Q3 2021, a decrease of $0.4 million from $3.2 million or 46% of consolidated revenue in the same year-ago period.
  • Overall gross profit increased 108% to $2.3 million or 29.5% of revenue in Q3 2021 from $1.1 million or 15.8% of revenue in the same year-ago period.
  • AppLogiqs gross profit increased 133% to $0.9 million or 31.7% of AppLogiq revenue in Q3 2021 from $0.4 million or 12.1% of AppLogiq revenue in the same year-ago period.
  • DataLogiqs gross profit increased 94% to $1.4 million or 28.2% of DataLogiq revenue in Q3 2021 compared to $0.7 million or 18.9% of DataLogiq revenue in the same year-ago period.

Logiq to Present at the Roth 10th Annual Technology Conference, November 17-18, 2021

Retrieved on: 
Monday, November 8, 2021
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NEW YORK, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning consumer acquisition solutions, has been invited to present at the ROTH 10th Annual Technology Event being held virtually on November 17-18.

Key Points: 
  • NEW YORK, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ), a global provider of award-winning consumer acquisition solutions, has been invited to present at the ROTH 10th Annual Technology Event being held virtually on November 17-18.
  • Logiq president, Brent Suen, scheduled to present and participate in one-on-one meetings with institutional analysts and investors at the conference.
  • The company plans to issue its full third quarter 2021 results and host a conference call to discuss the quarter on November 15, 2021 .
  • ROTH Capital Partners, LLC (ROTH) is a relationship-driven investment bank focused on serving emerging growth companies and their investors.

OTC Markets Requests Logiq to Comment on Recent Promotional Activity

Retrieved on: 
Friday, November 5, 2021
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NEW YORK, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ) (Logiq or Company) has received a request from the OTC Markets Group to comment on recent promotional activity related to Logiqs common stock quoted on the OTC Markets.

Key Points: 
  • NEW YORK, Nov. 05, 2021 (GLOBE NEWSWIRE) -- Logiq, Inc. (OTCQX: LGIQ, NEO: LGIQ) (Logiq or Company) has received a request from the OTC Markets Group to comment on recent promotional activity related to Logiqs common stock quoted on the OTC Markets.
  • On October 8, 2021, Logiq engaged Civet Digital Inc. to independently develop and publish digital media to help build awareness for Logiq as a publicly traded company.
  • Logiq provided SCF and SSW publicly available source information for these materials, reviewed the materials for accuracy and had full editorial control over the materials.
  • On November 2, 2021, Company management was notified by OTC Markets that it was monitoring these promotional activities.

Logiq’s PayLogiq Partners with Indonesian Bank BPRS Insan Cita to Provide Digital Payment Solutions to 18,000 Customers

Retrieved on: 
Thursday, November 4, 2021
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Logiq will provide these services through its mobile fintech platform, PayLogiq , including an eWallet, online bill payment, funds-in-advance-of paycheck and other financial products.

Key Points: 
  • Logiq will provide these services through its mobile fintech platform, PayLogiq , including an eWallet, online bill payment, funds-in-advance-of paycheck and other financial products.
  • We welcome BPRS Insan Cita as the first Indonesian bank to join our new micro-finance program, said Logiqs president, Brent Suen.
  • Insan Cita shares our vision of greater financial inclusion in Indonesia, with this advanced through the greater adoption of our micro-finance services.
  • The introduction of this program to their thousands of customers represents a tremendous endorsement of our micro-finance and mobile payments solutions.