Loop Insights (MTRX:TSXV) Discusses The Business Reasons Behind Decision To Begin Process Of Uplisting To TSX, Then Dual Listing On NASDAQ

Earlier today, MTRX announced its "Uplist Plan" outlining its proposed plan to:

1. Apply for uplisting to the Toronto Stock Exchange (“TSX”), as a technology company, from the TSX Venture Exchange (“TSXV”).

2. Secondly, if the Company is successful in uplisting to the TSX, Loop 's intention to then begin the process of filing with the Securities and Exchange Commission of the United States (the “SEC”) to apply to be listed on the NASDAQ.

UPLIST PLAN ENACTED IN ANTICIPATION OF COMPANY GROWTH IN 2021

2020 has seen extraordinary growth for the Company in terms of - most importantly - the growth of the Company’s sales pipeline. Though Loop cannot provide any assurances as to the success stemming from its current and growing sales pipeline, CEO Robert Anson is of the strong opinion that MTRX will continue to see increased demand in the marketplace for its AI data applications and product service as a result of the digital transformation driven by COVID-19.

To this end, CEO Anson stated:

“As a result of our immutable relevancy, high demand for Loop’s products, pipeline growth, and ability to easily scale into a global marketplace that is in full press digital transformation, we expect a continued accelerated pace that now warrants an uplist and dual list strategy that will attract institutional investors commensurate with our anticipated profile in 2021 and far beyond.”

Watch our powerful interview with Loop Insights CEO Robert Anson.