GBLT Confirms No Material Undisclosed Information and Comments On Recent Market Activity

DUEREN, Germany, Nov. 14, 2019 (GLOBE NEWSWIRE) -- GBLT Corp. (the "Company") (TSXV:GBLT) (OTCQB:GBLTF), at the request of the Market Surveillance group of the Investment Industry Regulatory Organization of Canada (IIROC), announces that the Company is not aware of any material undisclosed information that may be contributing to the level of trading activity of its shares on the TSX Venture Exchange.

In addition, the Company wishes to make the following statements regarding recent market activity in its common stock traded on the OTCQB marketplace.

The Company became aware of certain promotional activities related to its securities on November 13, 2019 upon receipt of correspondence from OTC Markets specifically related to certain promotional newsletter emails encouraging investors to purchase the Company's common stock. Until being informed by OTC Markets of the promotional material, the Company was unaware of the promotional activity and is unaware of the full nature of the promotional activity and the extent of the dissemination. After due inquiry, the Company believes that the promotion may have resulted in any increased trading activity in the Company stock.

To the Company's knowledge, neither the Company, nor any of its officers, directors, or any controlling shareholders (i.e., shareholders owning 10% or more of the Company's securities) were involved, directly or indirectly, with the creation, distribution, or payment of the promotional newsletter emails. Upon reviewing the content of the material, certain of the statements and claims made were taken from the Company's website, quotes from historical press releases and information from the OTC Markets website which are factual and non-misleading, but the Company had no editorial control over the content of the material. However, there are statements made which encourage investors to purchase the common stock of the Company, which only express the view of the authors and the Company disclaims any potentially exaggerated or misleading statements contained in the materials.

The Company routinely responds to inquiries from shareholders, potential investors, and investment analysts, and generates its own Company marketing materials. However, to the Company's knowledge, after due inquiry, neither the Company, nor any of its officers, directors, or any controlling shareholders (i.e., shareholders owning 10% or more of the Company's securities) have directly been involved with the creation or distribution of promotional newsletter emails that make exaggerated or misleading claims related to the Company and its securities.

To the Company's knowledge, after due inquiry, except for 5,000 common shares sold by Thilo Senst, indirectly though SWT Beteiligungs AG, pursuant to a Form 45-102F1 filed on SEDAR on October 31, 2019, neither the Company's executive officers, directors nor, to the knowledge of the Company, any controlling shareholders sold or purchased shares of common stock of the Company within the past 90 days. Further, the Company has not issued any shares or convertible instruments allowing conversion to equity securities at prices constituting an impermissible discount to the market price of the Company's shares at the time of the issuance. Details regarding the issuances of securities by the Company are available on SEDAR at www.sedar.com.

No third-party providers have been engaged by the Company to provide investor relations services, public relations services, marketing, or other related services including the promotion of the Company or its securities in the last twelve months.

The Company encourages those interested in the Company to rely solely on information included in press releases issued and distributed by the Company combined with its filings and disclosures made with the Canadian securities regulators as well as information provided through the OTC Markets and available on their websites: www.sedar.com and www.otcmarkets.com, respectively.

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

CONTACT INFORMATION

Joachim Thilo Senst
Chief Executive Officer
[email protected]
+49(0)2421-20856-0