Truli Technologies Signs LOI to Acquire

Truli Technologies, Inc. (“Truli” or the “Company”) (OTC:TRLI), a development stage technology company specializing in tech hiring software through its wholly-owned subsidiary VocaWorks, Inc. today announced that it has signed a letter of intent (the “LOI”) to acquire, Inc., a leading marketplace platform for professional hiring, would be acquired by Truli in an all-stock deal. Upon completion of the proposed acquisition, the Company intends to change its corporate name to and update its ticker symbol and corporate branding. will receive shares of a new series of Truli’s preferred stock (the “New Preferred”) which will be convertible into 775 million shares of Truli’s common stock. In exchange for receiving the New Preferred, has agreed to give up the right to acquire shares of Truli’s Series B Preferred Stock, convertible into 375 million shares of Truli’s common stock, which were issuable to upon the triggering of certain earn-out provisions in accordance with Truli’s October 2017 License Agreement with is a related party as explained below.

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