TORONTO, Sept 7th, 2018 -- Andiamo Corp. (OTC.PK: ANDI), along with Utopya Innovations, would like to announce today that WeWi Applied Research Corporation ("WeWi" or "Company"), a Canadian R&D corporation dedicated to bringing innovative technology solutions to market, has opted to separate from Andiamo Corp. and become a privately-owned corporation.
The split between Andiamo Corp. and WeWi is of mutual consent, and both parties agree that it is within the best interests of both entities to annul the binding ties. Andiamo Corp. (OTC.PK: ANDI), along with Utopya Innovations, remain in talks with the WeWi team as it is believed that a possible joint venture could be structured between the two companies in the near future. Utopya will continue to work on bringing to market a wide range of specialized and highly innovative telecommunication and technology products, led by an exceptionally talented leadership team with a proven track record of success.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.