ProntoForms shareholders approve name change to TrueContext

Shareholders also approve appointment of directors, auditors, and options plan during annual meeting

OTTAWA, June 23, 2023 (GLOBE NEWSWIRE) -- ProntoForms Corporation (TSXV: PFM) (the “Company”) has announced the results of the annual and special meeting of its shareholders held June 21, 2023. 

The Company’s proposal to change its name to “TrueContext Corporation” was approved by shareholders. The Company intends to move forward with the name change and has reserved the symbol “TCXT” with the TSX Venture Exchange for use after the name change comes into effect.

As ProntoForms had advanced far beyond digital form technology, the organization needed a more cogent way to communicate its promise, purpose, and value. The TrueContext brand represents the platform’s sophistication and position in the market, cemented over the years by consistently delivering a trustworthy and reliable experience to customers and their technicians. The new identity is a statement of what the company has grown to be and of a forward-looking mission to maintain its place as an industry leader through constant product innovation.

“Our new go-to-market strategy requires a name that embodies our value and gives us the runway to expand in a complex enterprise market,” Phil Deck, Co-CEO, commented. “Our primary customers are global asset-intensive organizations, and it is our role to equip them with relevant, real-time field intelligence. For some time now, our platform has outgrown digitizing manual workflows through paperless forms. Instead, we have been helping industry leaders harness data to make meaningful change in efficiency, safety, compliance, and business outcomes. TrueContext captures that essence succinctly.” he added.

“This is quite an exciting time for us as we return to our company’s earliest roots. Adopting TrueContext, our founding name, reflects the transformative influence that data has had on industry. The brand signifies the possibility and potential for so much more, for us and everyone we work with,” CEO and Founder Alvaro Pombo explained.

Following this announcement, separate communications will go out to clients, partners, employees, and investors to provide guidance on what they can expect as the rebrand unfolds as well as specific timing for the name and symbol change.

The votes cast for director nominees were as follows, with the result that Terence Matthews, Alvaro Pombo, Philip Deck, D. Neil McDonnell and Catherine Sigmar were elected as the five directors of the Company: