ZenaTech announces approval to list its common stock on the Nasdaq Capital Market

TORONTO, Ontario, Sept. 30, 2024 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (“ZenaTech”), a technology company specializing in drone AI (artificial intelligence) and enterprise SaaS (Software-as-a-Service) Solutions, today announced that its common shares have been admitted to trading on the capital market Nasdaq (“Nasdaq”) under the ticker symbol “ZENA.”

ZenaTech common stock is expected to begin trading on October 1^street2024.

“The Nasdaq listing is a significant achievement for ZenaTech and will help advance our drone solutions, including software and hardware innovations, for inspection, monitoring, compliance, field service and other applications of interest to our customers.” said CEO Dr. Shaun Passley “We believe that access to the public capital markets will be a positive growth catalyst for the company, enabling organic growth, strategic acquisitions and acceleration of ZenaDrone’s manufacturing and distribution plans.”

Maxim Group LLC acted as the exclusive financial advisor to ZenaTech in connection with the direct listing.

You may obtain a copy of the prospectus associated with the registration statement on the SEC’s website or in the investor section of the ZenaTech website.

About ZenaTech

ZenaTech (Nasdaq: ZENA) is a technology company specializing in AI-based drone solutions and enterprise SaaS solutions for mission-critical business applications. Since 2017, the company has been leveraging its software development expertise and expanding its drone design and manufacturing capabilities through ZenaDrone to innovate and improve customer screening, monitoring, safety, security, compliance and field service processes. With over 100 enterprise software customers using our branded solutions in the law enforcement, government and industrial sectors, and drones deployed in these sectors, as well as in agriculture, defense and logistics, ZenaTech helps you achieve exceptional operational efficiency and cost savings. The company operates through six offices in North America, Europe and the United Arab Emirates and a growing global network of partners.

About ZenaDrone

ZenaDronea wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that may include machine learning software, artificial intelligence, predictive modeling and other software and hardware innovations. Created to revolutionize the cannabis cultivation sector, its focus has evolved into multi-functional drone solutions for industrial surveillance, monitoring, inspection, tracking and process automation, using ZenaDrone 1000 drones and the IQ series of indoor drone products.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under with the securities laws of any such state or jurisdiction.

Contacts for more information:

Company, investors and media:
Linda Montgomery
ZenaTech
312-241-1415
[email protected]

Investors:
Michael Mason
core infrared
[email protected]

Customers: :
[email protected]

Safe haven

This press release and related comments from ZenaTech, Inc. management. include “forward-looking statements” within the meaning of the United States federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s development, results of operations, results and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “target”, “seek”, “is/ likely”, “believes”, “estimates”, “anticipates”, “potential”, “continues” or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information contained in this document includes, but is not limited to, ZenaTech’s expectations regarding revenues, expenses, production, operations, costs, cash flow and future growth; •expectations regarding future production costs and performance; intention to complete the listing of ZenaTech’s common stock on the stock exchange; ZenaTech’s expectations regarding revenues, expenses and operations; ZenaTech’s anticipated cash needs and need for additional financing; ZenaTech’s intention to develop the business and its operations and its execution risks; expectations regarding future operations and costs; volatility of stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security and other risks associated with operations in emerging markets; regulatory risk; unfavorable publicity or consumer perception; difficulty in forecasting industry trends; possibility of employing key personnel; industry competitive conditions and ZenaTech’s competitive and business strategies; ZenaTech’s projected business goals for the next twelve months; The possibility of ZenaTech obtaining additional funds through the sale of equity shares or debt obligations; investment capital and market share; changes in target markets; market uncertainty; ability to access additional capital; growth management (expansion plans and schedule); patent infringement; dispute; applicable laws, regulations and any changes affecting ZenaTech’s operations.

Forward-looking statements are based on certain assumptions and analyzes made by ZenaTech’s management in light of its experience and understanding of historical trends and current conditions, as well as other factors that management believes should be considered, which involve risks and uncertainties. Although ZenaTech’s management believes that the assumptions underlying these statements may prove to be incorrect and actual results may differ materially from the forward-looking information presented. Given the above risks and the uncertainties underlying the assumptions made, prospective purchasers of ZenaTech securities should not place undue reliance on these forward-looking statements.

Further, any forward-looking statements speak only as of the date they are made and, except as required by applicable law, ZenaTech undertakes no obligation to update any forward-looking statements to reflect events or circumstances that occur after the date such statement has been submitted or to take account of the occurrence of unforeseen events. New factors emerge from time to time, and it is not possible for management to predict all such factors or to assess in advance the impact of each factor on ZenaTech’s business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Prospective investors should read this document with the understanding that ZenaTech’s actual future results may differ materially from those currently anticipated.