Pushfor Investments Inc. Completes Acquisition of AFX Networks Inc.


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SURREY, British Columbia, November 8, 2021 (GLOBE NEWSWIRE) – Pushfor Investments Inc. ( CSE: PUSH, OTC: PUSOF, FSX: 713 ) (the ” Society ” Where ” Push for “) is pleased to announce the closing of the acquisition of shares and assets of AFX Networks Inc. – dba American Freight X-change – (” AFX “), a blockchain shipping and logistics platform focused on the trucking industry, in consideration for 15,000,000 shares of the Company priced at C $ 0.10 per share and US $ 250,000 paid in cash at closing AFX shares were acquired from Professional Trading Services SA, a private company.

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The trucking industry is the dominant freight model for moving goods in North America and is essential to a growing global economy. Transport companies are excellent problem solvers; however, many of these companies operate with 20 trucks or less. They simply do not have the capital or the means to develop digital platforms capable of providing seamless digital communications and interactions within the many trucking companies across the continent.

The AFX platform is a 3 rd generation of dedicated Blockchain application and is designed to eliminate risk and streamline the major “pain points” of the North American trucking industry by eliminating data redundancy, enabling immediate payment settlements, mitigating fraud , supporting digital identification and providing end-to-end supply chain visibility.

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Using AFX digital smart contracts, a structured and secure repository of all information about goods, compliance requirements and carriers facilitates validation and immediate payment when products are moved from source to final destinations, even through multiple shipping companies.

“We recognize that Blockchain technologies are poised to revolutionize transactions for the accounting, banking and financial worlds,” said Michael Noonan, President and CEO of Pushfor Investments Inc. “We believe the innovative platform AFX will provide customers with superior ease of use and seamless integration into the multi-billion dollar transactional shipping and trucking infrastructure.

“We are very happy that Pushfor Investments has acquired AFX Networks and its Blockchain Shipping and Logistics Platform, they will bring an additional level of expertise in the area of ​​cybersecurity and security to further enhance the platform. . “Said Carlo Civelli, Director of Professional Trading Services SA” We look forward to supporting Pushfor and AFX in this endeavor and in the future. “

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Acquisition conditions

The acquisition of 100% of the issued and outstanding shares of AFX, as well as all tangible and intangible assets of AFX, has been completed for a total amount of approximately USD 1,450,000, payable as follows: the Company will remit USD $ 250,000 at closing and transfer 15,000,000 common shares of Pushfor to AFX valued at a price per share of C $ 0.10, for a total value per share of approximately US $ 1,200,000. The acquisition was negotiated at arm’s length between the Company and Professional Trading Services SA. No finder’s commission was paid in connection with the acquisition.

About AFX Networks inc.

AFX is a freight logistics company that provides an integrated cloud platform ecosystem for various logistics industries. AFX’s proprietary network platform combines a transparent environment for our agents, customers and suppliers to disrupt a fragmented industry.

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About Pushfor Investments Inc .

Pushfor invests in public and private technology companies, as well as a variety of other cutting-edge solutions in Canada and the United States. The Company’s services are to offer investors a technology portfolio of the latest products in an integrated model as a multi-technology investment platform. The Company’s common shares trade on the Canadian Securities Exchange (“ CST “) under the symbol PUSH, in Europe on the Frankfurt Stock Exchange (” FSX “) under the symbol 713 and in the United States on the over-the-counter (” OTC ») Under the symbol PUSOF.

Caution Regarding Forward-Looking Statements

All statements in this press release regarding anticipated future events constitute forward-looking statements. Forward-looking statements involve risks and uncertainties, as they reflect the current beliefs of management and are based on information currently available to management. Actual results may differ materially from those anticipated in the statements made. Forward-looking statements are expressly qualified in their entirety by this cautionary statement. Forward-looking statements are made as of the date of this press release, and Pushfor assumes no obligation to update or revise them to reflect new events or circumstances, except as expressly required by applicable securities law. . Further information regarding uncertainties and risks can be found in the disclosure documents filed by Pushfor with securities regulatory authorities, available at www.sedar.com.

On behalf of the board
Michael D. Noonan
Chairman and Chief Executive Officer and Chief Financial Officer

For more information :
Phone. : (604) 357-4730
Email: [email protected]
pushinvesting.com

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