IntellaEquity Inc Provides Sales Update
Toronto, Ontario--(Newsfile Corp. - October 31, 2018) - IntellaEquity Inc. (CSE: IEQ) (formerly Augusta Industries Inc.) (the "Corporation") is pleased to announce that its wholly owned subsidiary, Marcon International Inc. ("Marcon"), has entered into new agreements with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the agreement entered into was $405,402.34. The current backlog of orders, including these new contracts, is $748,904.04 as of October 31, 2018.
"The Corporation is pleased to enter in these new contracts as it is a reflection of the continued efforts and hard work of the Corporation's sales staff," stated Allen Lone, CEO of the Corporation.
About the Corporation:
IntellaEquity is a publicly traded Canadian based venture capital firm focused on opportunistic investments in companies in the industrial, artificial intelligence and blockchain sectors. The Corporation seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Corporation's ecosystem.
Allen Lone, CEO, IntellaEquity Inc.
Tel: (905) 275-8111 Ext 226, email: firstname.lastname@example.org
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Cautionary Note regarding Forward-looking Statements
This news release includes certain information and forward-looking statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although the Corporation believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.