VANCOUVER, June 19, 2018 /CNW/ - Katipult Technology Corp. (TSXV: FUND and FRA: K10) ("Katipult" or the "Company"), an industry leading and award-winning fintech company, is pleased to announce the concurrent opening of offices in London and Los Angeles to accelerate sales growth, and directly support development of these key markets.

Katipult has experienced exponential and promising market demand from both the United States and the United Kingdom during its validation sales period and both markets represent the largest source of new client acquisition as the Company executes its sales strategy.

"We are continuing to build the foundation of our sales and marketing team and we're doing so in key markets that represent very attractive growth opportunities," said Brock Murray, CEO of Katipult. "As we've previously stated, we're looking to rapidly expand our sales team with the funds we've recently secured and pursue a more aggressive strategy to capture market share."

Mr. Murray continued, "We've added very capable individuals to lead our efforts with strong backgrounds in finance and commodity trading, real estate, as well as large IT infrastructure sales. We're transitioning from an entirely inbound approach with minimal marketing efforts, to adding a former Director of CGI which does $10 billion CAD in annual revenue and a former private equity and fintech CEO that has overseen a company through 50X revenue growth; this completely changes the dynamic of the organization and we're very excited about that."

The Company plans to further expand its team by attracting talent for key positions.

The Company also announces that it has granted, effective June 21, 2018, an aggregate of 500,000 stock options (each an "Option") to a company controlled by the CFO in accordance with the Company's current stock option plan. Each Option is exercisable into one common share (a "Share") of the Company at a price of $0.59 per Share for a period of five years from the date of grant. The Options will vest over three years, with one fifth vesting immediately and one third of the remaining vesting on each anniversary of the grant date.

About Katipult
Katipult (www.katipult.com) is a financial technology (FinTech) company offering proprietary, cloud-based software infrastructure on a white label basis that allows client firms to design, set up, and operate their own branded investment platform across multiple distribution channels - including web, mobile, and social media. Businesses deploying the Katipult platform are operating in over 20 regulatory environments to grow investor networks, efficiently manage investors, and streamline deal-flow administration in the areas of equities, debt and real estate.

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

SOURCE Katipult Technology Corp.

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