VANCOUVER, BritishColumbia, December 7, 2022 – Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB:HAPBF) (FSE: HA1) (“Hapbee” or the“Company”), the digital wellness technology company, announcedtoday that all six director nominees proposed in the Company’s managementinformation circular dated October 28, 2022 (the “Information Circular”),being Chris Rivera, Yona Shtern, Robert Dzisiak, Charles McNerney, MichaelMatysik and Mark Timm were elected at today’s annual general and special meetingof shareholders (the “Meeting”) to serve until the next annual meetingof shareholders of the Company or until their successors are duly elected orappointed, unless such office is earlier vacated in accordance with the Company’sarticles.
TheCompany also announced that Manning Elliott LLP was reappointed as independentauditor of the Company and the directors of the Company were authorized to fixtheir remuneration.
Atthe Meeting, a majority of disinterested Hapbee shareholders also re-approved theCompany’s 10% “rolling” stock option plan pursuant to which the Company mayissue stock options to eligible participants.
Atthe Meeting, a majority of disinterested Hapbee shareholders also approved amendmentsto the existing limits of subordinate voting shares reserved for issuance underthe Company’s restricted stock unit plan, as further detailed in theInformation Circular.
About Hapbee Technologies,Inc.
Hapbee is a digitalwellness technology company that aims to help people take control of how theysleep, perform and feel. Hapbee’s digital wellness library of Blends andRoutines utilizes patented ultra-low radio frequency energy (ulRFE®), designedto help optimize users’ sleep, productivity, recovery, and downtime. Hapbeedevices and subscriptions are available for purchase at Hapbee.com and througha growing network of select distributors.
You can learn more abouthow Hapbee works at www.hapbee.com/science.
Hapbee is available for purchase atHapbee.com.
Certainstatements included in this news release constitute forward-looking informationor statements (collectively, "forward-looking statements"),including those identified by the expressions "anticipate","believe", "plan", "estimate","expect", "intend", "may", "should" andsimilar expressions to the extent they relate to the Company or its management.The forward-looking statements are not historical facts but reflect currentexpectations regarding future results or events. This news release containsforward-looking statements. These forward-looking statements are based oncurrent expectations and various estimates, factors and assumptions and involveknown and unknown risks, uncertainties and other factors. Any statementspertaining to the anticipated filing date for the Filings, as well asstatements pertaining the expected timeline for the halt to be lifted areforward-looking statements. Forward-looking statements are not guarantees offuture performance and involve risks, uncertainties and assumptions which aredifficult to predict. Such statements and information are based on numerousassumptions regarding the Company's ability and intended timing to complete itsFilings.
Forward-lookingstatements contained in this news release are expressly qualified by thiscautionary statement, and are subject to various risks, uncertainties andassumptions which include, but are not limited to, those described in Hapbee’sannual information form dated May 2, 2022, as well as those described inHapbee’s other disclosure documents, copies of which are available on SEDAR at www.sedar.com, and could cause actualevents or results to differ materially from those projected in anyforward-looking statements. These statements should not be read as guaranteesof future performance or results. Such statements involve known and unknownrisks, uncertainties and other factors that may cause actual results,performance or achievements to be materially different from those implied bysuch statements. The Company assumes no responsibility to update or reviseforward-looking information to reflect new events or circumstances unlessrequired by law. Readers should not place undue reliance on the Company'sforward-looking statements.
NeitherTSXV nor its Regulation Services Provider (as that term is defined in thepolicies of the TSXV) accepts responsibility for the adequacy or accuracy ofthis release.
For further information please contact: