Datawind to Delist from TSX and Transfer Listing to NEX

Mississauga, Ontario (FSCwire) - DataWind Inc. (TSX: DW) announced today that the Company’s Board of Directors have resolved to transfer the Company’s shares to the NEX (a separate board of the TSX Venture Exchange), effective October 23, 2018, as the Company no longer meets Toronto Stock Exchange minimum listing requirements and also does not meet the requirements for a TSX Venture Tier 2 company.

The Company’s common shares will trade on the NEX under the ticker symbol "DW.H".

About DataWind

DataWind, Inc. is a leader in providing affordable mobile Internet connectivity in emerging markets. The company's patented, cloud-based technology reduces up to 97% the amount of data needed for web browsing, providing a broadband experience on any network -- even on legacy 2G networks that are still prevalent in some developing countries. DataWind also provides economical smartphones and tablets. DataWind's unique solution offers broad social and economic benefits for the billions of people around the world for whom an Internet connection was previously out of reach. DataWind is traded on the Toronto Stock Exchange (TSX: DW). For more information, visit www.datawind.com.

Forward-Looking Information

This press release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to the Company or its management. The forward- looking statements are not historical facts, but reflect management’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in the Company’s expectations, except as prescribed by applicable securities laws.

No securities regulatory authority has either approved or disapproved the contents of this press release/media advisory.

Contact:

Suneet S. Tuli

Chief Executive Officer

DataWind Inc.

Suite 200, 1450 Meyerside Dr., Mississauga, ON, L5T 2N5

+1(905) 670-0809

To view the original release, please click here

Source: DataWind Inc. (TSX:DW)

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