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ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the First Quarter of 2025

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TAIPEI, April 30, 2025 /PRNewswire/ — ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) (“We”, “ASEH”, or the “Company”), the leading provider of semiconductor assembly and testing services (“ATM”) and the provider of electronic manufacturing services (“EMS”), today reported its unaudited net revenues[1] of NT$148,153 million for 1Q25, up by 11.6% year-over-year and down by 8.7% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$7,554 million, up from NT$5,660 million in 1Q24 and down from NT$9,312 million in 4Q24.  Basic earnings per share for the quarter were NT$1.75 (or US$0.106 per ADS), compared to NT$1.31 for 1Q24 and NT$2.15 for 4Q24.  Diluted earnings per share for the quarter were NT$1.64 (or US$0.100 per ADS), compared to NT$1.27 for 1Q24 and NT$2.07 for 4Q24.

We completed the purchase price allocation calculation in relation to Hirschmann acquisition as of September 30, 2024, and have retrospectively adjusted the consolidated financial results for 1Q24.

RESULTS OF OPERATIONS

1Q25 Results Highlights – Consolidated

Net revenues from packaging operations, testing operations, EMS operations, and others represented approximately 46%, 11%, 42%, and 1% of the total net revenues for the quarter, respectively.Cost of revenues was NT$123,260 million for the quarter, down from NT$135,633 million in 4Q24.
– Raw material cost totaled NT$72,343 million for the quarter, representing 49% of the total net revenues.
– Labor cost totaled NT$16,997 million for the quarter, representing 11% of the total net revenues.
– Depreciation, amortization and rental expenses totaled NT$14,672 million for the quarter.Gross margin increased by 0.4 percentage points to 16.8% in 1Q25 from 16.4% in 4Q24.Operating margin was 6.5% in 1Q25, compared to 6.9% in 4Q24.In terms of non-operating items:
– Net interest expense was NT$1,256 million.
– Net foreign exchange loss was NT$1,675 million, primarily attributable to the appreciation of the U.S. dollar against the New Taiwan dollar.
– Net gain on valuation of financial assets and liabilities was NT$2,873 million.
– Net gain on equity-method investments was NT$40 million.
– Other net non-operating income was NT$157 million, primarily attributable to miscellaneous income.
Total non-operating income and expenses for the quarter was NT$139 million.Income before tax was NT$9,810 million in 1Q25, compared to NT$11,441 million in 4Q24. We recorded income tax expenses of NT$2,022 million for the quarter, compared to NT$1,862 million in 4Q24.Net income attributable to shareholders of the parent was NT$7,554 million in 1Q25, compared to NT$5,660 million in 1Q24 and NT$9,312 million in 4Q24.Our total number of shares outstanding at the end of the quarter was 4,418,995,632, including treasury stock owned by our subsidiaries in 1Q25. Our 1Q25 basic earnings per share of NT$1.75 (or US$0.106 per ADS) were based on 4,328,341,956 weighted average numbers of shares outstanding in 1Q25.  Our 1Q25 diluted earnings per share of NT$1.64 (or US$0.100 per ADS) were based on 4,410,238,275 weighted average number of shares outstanding in 1Q25.

1Q25 Results Highlights – ATM

Net revenues were NT$86,668 million for the quarter, up by 17.3% year-over-year and down by 1.9% sequentially.Cost of revenues was NT$67,057 million for the quarter, up by 14.9% year-over-year and down by 1.0% sequentially.
– Raw material cost totaled NT$23,566 million for the quarter, representing 27% of the total net revenues.
– Labor cost totaled NT$14,050 million for the quarter, representing 16% of the total net revenues.
– Depreciation, amortization and rental expenses totaled NT$13,238 million for the quarter.Gross margin decreased by 0.7 percentage points to 22.6% in 1Q25 from 23.3% in 4Q24.Operating margin was 9.6% in 1Q25, compared to 10.7% in 4Q24.

1Q25 Results Highlights – EMS

Net revenues were NT$62,295 million, up by 4.9% year-over-year and down by 16.8% sequentially.Cost of revenues for the quarter was NT$56,767 million, up by 5.3% year-over-year and down by 17.4% sequentially.
– Raw material cost totaled NT$49,087 million for the quarter, representing 79% of the total net revenues.
– Labor cost totaled NT$2,845 million for the quarter, representing 5% of the total net revenues.
– Depreciation, amortization and rental expenses totaled NT$1,169 million for the quarter.Gross margin increased by 0.6 percentage points to 8.9% in 1Q25 from 8.3% in 4Q24.Operating margin was 2.6% in 1Q25, compared to 2.7% in 4Q24.

LIQUIDITY AND CAPITAL RESOURCES

Equipment capital expenditures in 1Q25 totaled US$892 million, of which US$395 million was used in packaging operations, US$472 million in testing operations, US$23 million in EMS operations and US$2 million in interconnect materials operations and others.Total unused credit lines amounted to NT$358,413 million as of March 31, 2025.Current ratio was 1.04 and net debt to equity ratio was 0.41 as of March 31, 2025.Total number of employees was 96,436 as of March 31, 2025, compared to 95,492 as of December 31, 2024.

BUSINESS REVIEW

Customers

ATM BASIS

Our five largest customers together accounted for approximately 44% of our total net revenues in both 1Q25 and 4Q24.  Two customers each accounted for more than 10% of our total net revenues in 1Q25 individually.Our top 10 customers contributed 61% of our total net revenues in 1Q25, compared to 60% in 4Q24.Our customers that are integrated device manufacturers or IDMs accounted for 34% of our total net revenues in 1Q25, compared to 32% in 4Q24. 

EMS BASIS

Our five largest customers together accounted for approximately 68% of our total net revenues in 1Q25, compared to 72% in 4Q24. One customer accounted for more than 10% of our total net revenues in 1Q25.Our top 10 customers contributed 74% of our total net revenues in 1Q25, compared to 78% in 4Q24.

About ASE Technology Holding Co., Ltd.

ASEH is the leading provider of semiconductor manufacturing services in assembly and test. The Company develops and offers complete turnkey solutions covering front-end engineering test, wafer probing and final test, as well as packaging, materials and electronic manufacturing services through USI with superior technologies, breakthrough innovations, and advanced development programs. With advanced technological capabilities and a global presence spanning Taiwan, China, South Korea, Japan, Singapore, Malaysia, Philippines, Vietnam, Mexico, and Tunisia as well as the United States and Europe, ASEH has established a reputation for reliable, high quality products and services.

For more information, please visit our website at https://www.aseglobal.com.

Safe Harbor Notice

This press release contains “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended.  These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995.  Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release.  The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release.  These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People’s Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors.  For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2024 Annual Report on Form 20-F filed on March 27, 2025.

 

Supplemental Financial Information
(Unaudited)

Consolidated Operations

1Q25

4Q24

1Q24

EBITDA[2] (NT$ million)

27,628

28,797

23,939

 

ATM Operations

1Q25

4Q24

1Q24

Net Revenues (NT$ million)

86,668

88,363

73,908

Revenues by Application

Communication

48 %

53 %

52 %

Computing

22 %

17 %

18 %

Automotive, Consumer & Others

30 %

30 %

30 %

Revenues by Type

Bumping, Flip Chip, WLP & SiP

46 %

47 %

43 %

Wirebonding

28 %

27 %

30 %

Others

6 %

7 %

9 %

Testing

18 %

18 %

16 %

Material

2 %

1 %

2 %

Capacity & EBITDA

Equipment CapEx (US$ million)

869

616

206

EBITDA[2] (NT$ million)

24,146

24,845

20,422

Number of Wirebonders

25,222

25,328

25,406

Number of Testers

6,686

6,300

5,611

 

EMS Operations

1Q25

4Q24

1Q24

Net Revenues (NT$ million)

62,295

74,895

59,365

Revenues by Application

Communication

33 %

37 %

34 %

Computing

11 %

9 %

12 %

Consumer

31 %

33 %

27 %

Industrial

13 %

11 %

12 %

Automotive

10 %

8 %

12 %

Others

2 %

2 %

3 %

Capacity 

Equipment CapEx (US$ million)

23

24

21

 

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million, except per share data)
(Unaudited)

 

For the three months ended

Mar. 31

2025

Dec. 31

2024

Mar. 31

2024

(Retrospectively Adjusted)

Net revenues

Packaging

68,411

70,285

59,458

Testing

16,004

15,713

12,102

EMS

61,860

74,243

59,326

Others

1,878

2,023

1,917

Total net revenues

148,153

162,264

132,803

Cost of revenues

(123,260)

(135,633)

(111,982)

Gross profit

24,893

26,631

20,821

Operating expenses

Research and development

(7,579)

(7,676)

(6,609)

Selling, general and administrative

(7,643)

(7,744)

(6,735)

Total operating expenses

(15,222)

(15,420)

(13,344)

Operating income

9,671

11,211

7,477

Net non-operating income and expenses

Interest expense – net

(1,256)

(1,308)

(1,107)

Foreign exchange loss – net

(1,675)

(2,787)

(3,219)

Gain on valuation of financial assets and liabilities – net

2,873

4,017

4,098

Gain (loss) on equity-method investments – net

40

(133)

57

Others – net

157

441

506

Total non-operating income and expenses

139

230

335

Income before tax

9,810

11,441

7,812

Income tax expense

(2,022)

(1,862)

(1,893)

Income from operations and before non-controlling interests

7,788

9,579

5,919

Non-controlling interests

(234)

(267)

(259)

Net income attributable to shareholders of the parent

7,554

9,312

5,660

Per share data:

Earnings per share

– Basic

NT$1.75

NT$2.15

NT$1.31

– Diluted

NT$1.64

NT$2.07

NT$1.27

Earnings per equivalent ADS

– Basic

US$0.106

US$0.134

US$0.084

– Diluted

US$0.100

US$0.129

US$0.081

Number of weighted average shares used in diluted EPS calculation

 (in thousand shares)

4,410,238

4,399,409

4,368,340

FX (NTD/USD)

32.79

32.16

31.30

 

 

 

ASE Technology Holding Co., Ltd.
Summary of ATM Statement of Income Data
(In NT$ million)
(Unaudited)

 

For the three months ended

Mar. 31

2025

Dec. 31

2024

Mar. 31

2024

Net revenues:

Packaging

69,360

71,342

60,388

Testing

16,004

15,713

12,102

Direct Material

1,219

1,233

1,338

Others

85

75

80

Total net revenues

86,668

88,363

73,908

Cost of revenues

(67,057)

(67,754)

(58,351)

Gross profit

19,611

20,609

15,557

Operating expenses:

Research and development

(6,043)

(6,047)

(5,135)

Selling, general and administrative

(5,233)

(5,127)

(4,345)

Total operating expenses

(11,276)

(11,174)

(9,480)

Operating income

8,335

9,435

6,077

 

 

ASE Technology Holding Co., Ltd.
Summary of EMS Statement of Income Data
(In NT$ million)
(Unaudited)

 

For the three months ended

Mar. 31

2025

Dec. 31

2024

Mar. 31

2024

(Retrospectively Adjusted)

Net revenues

62,295

74,895

59,365

Cost of revenues

(56,767)

(68,713)

(53,913)

Gross profit

5,528

6,182

5,452

Operating expenses:

Research and development

(1,580)

(1,673)

(1,533)

Selling, general and administrative

(2,340)

(2,523)

(2,310)

Total operating expenses

(3,920)

(4,196)

(3,843)

Operating income

1,608

1,986

1,609

 

ASE Technology Holding Co., Ltd.
Summary of Consolidated Balance Sheet Data
(In NT$ million)
(Unaudited)

 

 

As of Mar. 31, 2025

 

As of  Dec. 31 2024

Current assets

Cash and cash equivalents

77,100

76,493

Financial assets – current

16,435

9,376

Trade receivables

109,717

113,420

Inventories

59,858

61,181

Others

15,542

14,815

Total current assets

278,652

275,285

Financial assets – non-current & Investments – equity -method

41,428

41,810

Property, plant and equipment

342,056

312,531

Right-of-use assets

11,754

11,851

Intangible assets

66,955

67,562

Others

33,332

31,659

Total assets

774,177

740,698

Current liabilities

Short-term borrowings[3]

55,485

47,445

Current portion of bonds payable & Current portion of long-term borrowings

20,774

 

18,883

 

Trade payables

74,382

78,221

Others

117,101

86,391

Total current liabilities

267,742

230,940

Bonds payable

21,066

17,978

Long-term borrowings

126,708

121,750

Other liabilities

23,638

24,243

Total liabilities

439,154

394,911

Equity attributable to shareholders of the parent

311,522

323,523

Non-controlling interests

23,501

22,264

Total liabilities & shareholders’ equity

774,177

740,698

Current ratio

1.04

1.19

Net debt to equity ratio

0.41

0.37

 

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Cash Flow Data
(In NT$ million)
(Unaudited)

 

For the three months ended

Mar. 31

2025

Dec. 31

2024

Mar. 31

2024

(Retrospectively Adjusted)

Cash Flows from Operating Activities:

Income before tax

9,810

11,441

7,812

Depreciation & amortization

16,092

15,360

14,599

Other operating activities items

(5,929)

8,444

(5,717)

Net cash generated from operating activities

19,973

35,245

16,694

Cash Flows from Investing Activities:

     Net payments for property, plant and equipment

(36,349)

(31,546)

(12,513)

Other investment activities items

(1,212)

(11)

(2,995)

Net cash used in investing activities

(37,561)

(31,557)

(15,508)

Cash Flows from Financing Activities:

Net proceeds from (repayment of) borrowings and bonds

16,149

(1,952)

(139)

Other financing activities items

262

(121)

(33)

Net cash generated from (used in) financing activities

16,411

(2,073)

(172)

Foreign currency exchange effect

1,784

3,167

6,807

Net increase in cash and cash equivalents

607

4,782

7,821

Cash and cash equivalents at the beginning of period

76,493

71,711

67,284

Cash and cash equivalents at the end of period

77,100

76,493

75,105

 

[1] All financial information presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS (International Financial Reporting Standards as endorsed for use in the R.O.C.).  Such financial information is generated internally by us and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our year-end audited consolidated financial statements, and may vary materially from the year-end audited consolidated financial information for the same period.  Any evaluation of the financial information presented in this press release should also take into account our published year-end audited consolidated financial statements and the notes to those statements.  In addition, the financial information presented is not necessarily indicative of our results of operations for any future period.

[2] EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and investment gain or loss as well as other items.

[3] Short-term borrowings include short-term loans and bills payable.

 

Investor Relations Contact
ir@aseglobal.com
Tel: +886.2.6636.5678
https://www.aseglobal.com

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SOURCE ASE Technology Holding Co., Ltd.

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Pillsbury Notice of Data Breach

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NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.

For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html

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SOURCE Pillsbury Winthrop Shaw Pittman LLP

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From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

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SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.
 

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

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SOURCE Fibocom Wireless Inc.

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DR. PHONE FIX ANNOUNCES SECOND TRANCHE CLOSING OF NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

EDMONTON, AB, July 18, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) is pleased to announce that, further to its news release dated May 19, 2026 and June 24, 2026 (the “Prior News Releases”), it has closed the second tranche of its non-brokered private placement (the “Offering”) of convertible debenture units of the Company (each, a “Unit”). The Company issued 726 Units, at a price of $1,000 per Unit, for aggregate gross proceeds of $726,000. Each Unit is comprised of (i) one $1,000 principal amount unsecured convertible debenture of the Company (a “Convertible Debenture”) and (ii) 3,125 common share (“Common Share”) purchase warrants of the Company (each, a “Warrant”). Additional detail on the Offering, including terms of the Convertible Debentures and Warrants, is set out in the Prior News Releases.

In connection with the Offering, the Company paid a finder’s fee consisting of an aggregate cash fee of $50,820 and issued an aggregate of 317,625 common share purchase warrants of the Company (each, a “Finder’s Warrant”) to certain qualified arm’s length parties. Each Finder’s Warrant is exercisable to acquire one Common Share of the Company at an exercise price of $0.22 prior to the date that is 24 months from the date of issuance.

All securities issued pursuant to the Offering, including any Common Shares issuable upon conversion of the Convertible Debentures or exercise of the Warrants and Finder’s Warrants, are subject to a statutory hold period of four months and one day from the closing of the Offering, in accordance with applicable securities laws and TSX Venture Exchange (the “TSXV”) policies. 

The Offering remains subject to final acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Dr. Phone Fix

Dr. Phone Fix is a national, award-winning, eco-friendly, and customer-centric leader in Canada’s cell phone and electronics repair and certified pre-owned device industry. Founded in 2019, the Company now operates 44 retail locations nationwide through a standardized and scalable operating platform designed to support consistent execution across multiple markets, delivering fast, reliable, and environmentally conscious repair services alongside a curated selection of certified pre-owned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with OEMs and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a focus on responsible device lifecycle management, customer service, and operational discipline, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada.

www.docphonefix.com

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the final acceptance of the Offering by the TSXV; and the expected use of proceeds following the closing of the Offering. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company’s financial condition and development plans do not change as a result of unforeseen events; the TSXV will provide its final acceptance of the Offering; and the Company will be able to obtain the financing required in order to develop and continue its business and operations. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to obtain TSXV final acceptance for the Offering; the potential failure to complete the balance of the Offering or to raise the full anticipated gross proceeds; market conditions and investor demand for the Company’s securities; the Company’s inability to deploy the proceeds as currently intended; and general economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

 

SOURCE Dr. Phone Fix

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