Liquid Avatar Technologies Introduces Q4 Summary and Business Update



Get instant notifications when there is news about your stocks. Request your weeklong free trial to StreetInsider Premium here.


NOT FOR DISTRIBUTION IN THE UNITED STATES OR BY US NEWSWIRES

Business and sales continued to show strong growth in the fourth quarter

TORONTO, ON / ACCESSWIRE / January 5, 2022 / Liquid Avatar Technologies Inc.(CSE: LQID) (OTCQB: LQAVF) (FRA: 4T51) (“Fluid avatar technologies” or the “Accompaniment“), a global blockchain and fintech solutions company focused on digital identity, integrated avatars and the Metaverse, is pleased to provide an update on its business activities for the fourth quarter of 2021, while the company is backed by research and Development has moved to commercial operation and is focusing its efforts on activating its business and sales efforts.

In the fourth quarter of 2021, the company activated the new version of its Liquid Avatar mobile app; improved its Liquid Avatar Verifiable Credentials Ecosystem; started developing a digital identity verification platform, PassmateTM, using payment rail technologies; initiated activation plans for a US-based network card program; launched its Aftermath Islands Metaverse program through Oasis Digital Studios Limited, which acquired a 50% interest in the program; and involved in other activities that support the company’s technology efforts to develop its leadership in digital identity, avatars, and metaverse.

As a result, Liquid Avatar Technologies saw an earlier than expected surge in commercial activity, generating preliminary gross sales of approximately $ 1,000,000 before direct selling expenses from October 1, 2021 to December 31, 2021. The company expects the gross margins on these revenues will match those of other digital service companies. Sales and other financial metrics for the period are unaudited, subject to final cash, accounting, technical reviews, and potential revisions. There is no guarantee that sales will be the same in future periods.

Effective January 1, 2022, Aftermath Islands, which is 50% owned and operated by Oasis Digital Studios Limited, a wholly owned subsidiary of Liquid Avatar Technologies, will be owned by Aftermath Islands Metaverse Limited, a Barbados Corporation, operated.

As the company moves into 2022, it is working on releasing additional programs and opportunities related to Aftermath Island Metaverse, including interactive avatars, new islands, virtual land, NFTs, and other on-platform elements. Access to Aftermath Islands and other Liquid Avatar Technologies programs and platforms is supported by a verified digital identity and the Liquid Avatar Mobile App. Digital Identity will continue to be positioned to support real world use cases like age verification, vaccinations and other health credentials, government agencies and travel validation.

“Our marketable businesses continued to exceed expectations in the fourth quarter and we remain optimistic, albeit cautious, as this is just beginning the company’s transformation into an active revenue organization.” said David Lucatch, CEO – Liquid Avatar Technologies. “We have started to watch the online adoption of digital identity programs, which are at the heart of all of our solutions, and both Avatar and Metaverse activities are growing in importance and creating early income opportunities as the industry is the future of the Web 3.0 adopts. Our goal is to continue creating value for all of our stakeholders. “

If you would like to join our mailing list and receive updates from Liquid Avatar Technologies, please click here .

About Liquid Avatar Technologies Inc.- www.liquidavatartechnologies.com

Liquid Avatar Technologies Inc. is focused on the verification, management and monetization of Self Sovereign Identity and enabling users to control and benefit from the use of their online identity.

The Liquid Avatar Mobile App, available on the Apple App Store and Google Play, is a verified platform for self-sovereign identity that enables users to create high quality digital icons that represent their online personalities. These icons allow users to manage and control their digital identity and their verifiable credentials and credentials, and use Liquid Avatars to share public and privilege-based private data when and with whoever they want.

The Liquid Avatar Verifiable Credentials Ecosystem (LAVCE) is designed to support all participants in a digital credential ecosystem, including owners, issuers and verifiers, by using cutting-edge blockchain and open-standard technologies, initially as a node on the Indicio Network. The company is a voting and board member of the Trust over IP Foundation, a founding member and board member of Cardea, a public health project of the Linux Foundation, a member of the Good Health Pass Collaboration, DIACC, the Covid Credentials Initiative (“CCI”), The Linux Foundation and founding member of the Lumedic Exchange.

The company has a number of early-stage revenue-generating programs that support the Liquid Avatar mobile app program, including KABN KASH, a cashback and rewards program that includes over 500 leading online retailers and is working to develop its own branded network Bring payment card to market.

The company’s subsidiary, Oasis Digital Studios, is a creative and development agency supporting a wide range of artists, talents and companies with Non-Fungible Token (NFT) solutions and 50% of the Aftermath of the islands Metaverse program.

Liquid Avatar Technologies Inc. is listed on the Canadian Securities Exchange (CSE) under the symbol “LQID” (CSE: LQID).

The Company also trades on the United States on the OTCQB under the symbol “LQAVF” and in Frankfurt under the symbol “4T51”.

If you have not already joined our mailing list and would like to receive updates on Liquid Avatar Technologies Inc., please click here join!

For more information, please visit www.liquidavatartechnologies.com

For more information please contact:

David Lucatch
managing Director
647-725-7742 ext. 701
[email protected]

US and Canadian media contact:

Nicole Rodrigues
NRPR group
[email protected]

The CSE has not reviewed this press release and assumes no responsibility for the adequacy or accuracy of this press release.

All websites to which reference is made are expressly not incorporated by reference in this press release.

Forward-looking information and statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor of the Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements do not represent historical facts or information or current status, but instead only represent the company’s views regarding future events, plans or goals, many of which are inherently uncertain and beyond the control of the company. In general, such forward-looking information or forward-looking statements may be identified by the use of forward-looking terminology such as “planned”, “expected” or “expected”, “is expected”, “budget”, “planned” “,” estimates “,” projected ” , “intends”, “anticipates” or “does not expect” or “believes”, or variations of such words and phrases, or may contain statements that “might”, “might”, “would”, “might” particular actions, events or results “or” will be taken “,” will be continued “,” will occur “or” will be reached “.

The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements about future revenue opportunities, program and geographic expansion, the company’s ability to continue generating revenue, introduce new programs, and successfully achieve business goals, and expectations regarding other economic , Business and / or competitive factors.

By identifying such information and statements in this way, the company caution readers that such information and statements are subject to known and unknown risks, uncertainties and other factors that could materially affect the actual results, level of activity, performance, or achievements of the companies differ from those express or implied in such information and statements.

Although the company believes that the assumptions and factors used in preparing the forward-looking information and statements and the expectations contained therein are reasonable, no undue reliance should be placed on such information and statements and no representation or guarantee can be made, Such forward-looking information and statements will prove to be correct, as actual results and future events could differ materially from those anticipated in these information and statements. The forward-looking information and forward-looking statements contained in this press release are as of the date of this press release and the company undertakes no obligation to update any forward-looking information and / or forward-looking statements contained therein or referred to herein except in accordance with applicable securities laws.

SOURCE: Liquid Avatar Technologies Inc.

View source version on accesswire.com:
https://www.accesswire.com/680981/Liquid-Avatar-Technologies-Provides-Q4-Recap-and-Business-Update

About Willie Ash

Check Also

Don’t commit yourself! Here are solid alternatives for Apple’s weaker software

One of the best things about Apple’s Macintosh computers is that they come with a …