Apolo III Acquisition Corp: Termination of Definitive Agreement

Toronto, Ontario--(Newsfile Corp. - March 2, 2021) - Apolo III Acquisition Corp. (TSXV: AIII.P) ("Apolo" or the "Corporation") announces that the definitive agreement entered into with Ruckify Inc. ("Ruckify") dated December 21, 2020 in respect of a proposed transaction between Apolo and Ruckify has been terminated. Apolo will continue to pursue and evaluate other businesses and assets with a view to completing a transaction and will make further announcements with respect to these efforts as soon as practically possible.

For further information please contact:

Apolo III Acquisition Corp.
Jeff Hergott, Corporate Secretary
Telephone: 416.361.4783
Email: jhergott@wildlaw.ca

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

FORWARD LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the Corporation's future plans and intentions, and the resumption of trading in its common shares. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Corporation cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWSWIRE SERVICES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75850