AMPD Ventures Inc. Announces C$1.1 Million Technology Sale to Leading Digital Media Industry Client


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VANCOUVER, BC / ACCESSWIRE / February 10, 2022 / AMPD Ventures Inc. (“AMPD” or the “Company”, (CSE:AMPD)(OTCQB: AMPDF)(ENG:2Q0), next-generation digital infrastructure provider, is pleased to announce that it has closed a CAD$1.1 million technology sale with a leading Vancouver-based digital media company, which has acquired workstations and high-performance networking purpose-built for content creation.

Anthony Brown, CEO, commented, “We are very pleased to complete this sale to an established leader in the digital media industry, further validating AMPD’s technologies that resonate across many key areas of digital content creation. More and more customers trust AMPD to provide the right technology solutions to meet their personalized content creation needs. AMPD technology solutions improve operational efficiency and reduce operational costs while improving the performance of the latest and greatest applications.

The AMPD revenue model is proving its worth as the company continues to generate significant sales contracts. The company is proud to announce that it has received over $2.6 million CAD in new purchase orders since October 2021. Revenue from these orders will be realized as the orders are shipped.

“While Covid and supply issues continue to plague most businesses, AMPD has been able to effectively navigate these waters, continuing on strong growth and expects to see a solid growth multiple compared to fiscal year 2021,” adds Anthony.

About AMPD Ventures Inc.

AMPD is a next generation infrastructure company specializing in providing high performance computing solutions for low latency applications. With state-of-the-art, high-performance computing solutions hosted in sustainable urban data centers, AMPD is leading the transition to the next generation of computing infrastructure as a “metaverse hosting company”. Through a combination of Infrastructure as a Service (“IaaS”) and an upgraded high-performance cloud offering, we meet the low latency requirements of multiplayer and esports video games, computer graphics rendering, intelligence, machine learning, mixed reality, big data processing and unexplored technological developments for decades to come. Additional information is available on SEDAR and on our website at www.ampd.tech.

For more information, please contact Investor Cubed Inc.:

Neil Simon, CEO
Telephone: (647) 258-3310
Email: [email protected]

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Anthony Brown”

Anthony Brown
CEO and Director
AMPD Ventures Inc.
Phone: 604-332-3329
Email: [email protected]

CSE does not accept responsibility for the adequacy or accuracy of this release.

Caution

Forward-looking statements

This press release contains statements and information that constitute “forward-looking information” within the meaning of Canadian securities laws. Forward-looking information is based on reasonable assumptions, estimates, analyzes and opinions of our management in light of its experience and perception of trends, current conditions and expected developments, as well as other factors management believes to be relevant and reasonable in the circumstances as of the date such statements are made, but which may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause AMPD’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the information. prospective. These factors include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties; uncertainties regarding the development and direction of cloud computing solutions; uncertain capital markets; other risks relating to a party’s inability to perform its obligations under the Share Purchase Agreement, as well as the factors discussed in the section titled “Risk Factors” in the Registration Form Statement 2A of the Company dated October 17, 2019 and “Risks and Uncertainties” in the Company’s most recent MD&A filed on SEDAR.

Although forward-looking information is based on our management’s reasonable assumptions on the date such statements are made, there can be no assurance that the sale will produce the anticipated benefits, or that the forward-looking information will prove to be accurate, as results and events future could differ materially from those anticipated in this forward-looking information. Accordingly, readers should notyou place undue reliance on forward-looking information. AMPD does not undertake to update or revise any forward-looking information except in accordance with applicable securities laws. All forward-looking information contained in this press release is qualified by this cautionary statement.

THE SOURCE: AMPD Ventures Inc.

See the source version on accesswire.com:
https://www.accesswire.com/687948/AMPD-Ventures-Inc-Announces-CAD-11-Million-Technology-Sale-to-Leading-Digital-Media-Industry-Customer

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