ELLIPSIZ COMMUNICATIONS LTD. ANNOUNCES PROPOSED STRATEGIC INITIATIVES TO EXPAND BUSINESS MODEL
TORONTO, ONTARIO –February 23, 2018 – Ellipsiz Communications Ltd. (formerly NXA Inc.)
(TSXV: ECT) (the “Company” or “ECL”) wishes to announce that Company has entered into three
non-binding letters of intent (“LOIs”) with arm’s length parties to investigate avenues to expand ECL’s
business both in services offered and geographically. The LOIs cover developing business solution
utilizing the internet of things, to investigate the application of blockchain technologies for the telecom
industry and sourcing telecom acquisitions in Canada. ECL would be required to make an initial loan
ranging from $25,000 to $50,000 and compensate the strategic partner. Each opportunity is subject to
the completion of definitive documentation.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the
Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
T: 416 977-3223