IC Group Holdings Inc. Reports Growth in Message Volume and Customer Adoption and Retains Investor Relations Services
April 03, 2025 7:00 AM EDT | Source: IC Group Inc.
Toronto, Ontario--(Newsfile Corp. - April 3, 2025) - IC Group Holdings Inc .(TSX: ICGH) ("IC Group" or the "Company"), a technology-enabled consumer engagement company that helps Fortune 500 brands simplify and amplify connections with consumers both nationally and internationally, is pleased to report continued growth in its IC Mobile division.
IC Mobile, a division of IC Group Holdings Inc., announced a 125% increase in message volume over the six-month period from September 2024 to February 2025, compared to the previous six months. IC Mobile's monthly message traffic more than doubled during the period, and the number of customers on the platform also doubled, highlighting strong adoption and trust in the platform.
IC Mobile is committed to upholding Canadian data sovereignty as a Canadian-owned and operated communications platform. All data is processed and stored entirely within Canada, ensuring compliance with national privacy laws and providing customers with unmatched data security and control.
"This growth reflects the market's increasing need for secure, high-volume messaging solutions that are fully aligned with Canadian data regulations," said Chris McGarrigle, Senior VP at IC Mobile. "We're proud to support our customers with scalable, Canadian infrastructure they can trust."
Duncan McCready, CEO of IC Group Holdings Inc., outlined the Company's focus for 2025. "As we look at our progress in 2025, our strategy is focused on scaling recurring revenue and enhancing profitability through multiple levers, including offering Canadian data sovereignty solutions, increasing the adoption of new customers, sustained growth in message volume, and improved operational efficiencies. Our consistent month-over-month improvements in key performance metrics reflect strong execution and reinforce our confidence in the company's long-term growth potential."
IC Mobile will continue to expand its reach across enterprise and public sectors, offering robust SMS, MMS and RCS messaging capabilities.
Investor Relations Agreement
IC Group Holdings is also pleased to announce the engagement of BoxTop Integrated Communications to provide investor relations services. Under the terms of the six-month agreement, commencing on April 1, 2025, BoxTop will assist the Company in developing an investor communications plan, preparing investor materials, drafting news releases, and organizing roadshows and conference calls. In consideration for BoxTop's services to be provided under the BoxTop Agreement, the Company shall pay BoxTop a monthly fee of $8,000 plus GST for a term of six (6) months (the "BoxTop Term").
BoxTop is based in Alberta, Canada and provides communications and public disclosure solutions to issuers across various industry segments. To the best of the Company's knowledge, BoxTop does not have any equity interest in the securities of the Company or a right to acquire such an interest. BoxTop is at arm's length of the Company. BoxTop will not publish or distribute content without the Company's approval. The Agreement remains subject to the approval of the TSX-V.
About IC Mobile
IC Mobile, a division of IC Group Holdings Inc., is a leading Canadian messaging and communications platform specializing in high-volume, secure mobile messaging solutions. The company provides full data sovereignty, with infrastructure designed to meet the privacy and regulatory standards of Canadian businesses and government agencies.
About IC Group Holdings Inc.
IC Group (TSXV: ICGH) is transforming how brands engage with audiences across live events. It uses digital and social platforms to drive sales, capture valuable first-party data to fuel ongoing marketing initiatives, and build customer loyalty. The Company does this by simplifying and managing the technology, regulatory, data security, and financial risks of engaging with consumer audiences on a global basis. Its solutions span digital engagement, mobile messaging, and specialty insurance for Fortune 500 brands and their agency partners in international jurisdictions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the business of IC Group. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. IC Group disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
This news 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 securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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