Hello Pal International Inc - HLLPF stock
Hello Pal International Inc. (CSE: HP, OTC: HLLPF) is a company based in Vancouver, Canada, that develops and operates an international social networking platform. The company was formerly known as Neoteck Solutions Inc, which later changed its name to Hello Pal International Inc in May of 2016.[1]
Hello Pal's mission is to unite the world by eliminating key obstacles like language and currency. It enables users to find and interact with people all over the world and helps them engage in an array of activities, including chat messaging, live streaming, and audio/video calling. What sets Hello Pal apart is that it is designed from the ground up to be easy to use, and it has proprietary tools that enable real-time translation allowing users the freedom to speak in their own language regardless of the other person's language they are speaking to.[2]
The Hello Pal platform also offers a customized digital wallet that uses blockchain technology to store and transfer popular digital assets and tokens like Bitcoin, Dogecoin, and Ether in an attempt to normalize a universal currency that can be used between countries.[3]
The leadership team of Hello Pal International includes KL Wong, Founder, and current CEO, who graduated from Cambridge University with a law degree and practiced international law in the UK and Hongkong for over 16 years. KL is multilingual, meaning he speaks more than five different languages, which worked as a catalyst in creating a platform that allowed people to interact in different languages. Another notable director in Hello Pal includes Gunther Roehlig, who has more than 15 years of experience in the financial and investment industry. He also served as the president of Terra Ventures Inc, which held a 10% stake in the high-grade Roughrider uranium discovery owned by Hathor Exploration.[4]
In May of 2021, Hello Pal acquired a Dogecoin (DOGE) mining platform called Crypto Pal Technology Ltd for $3.5 million. Crypto Pal currently has over 12,500 mining rigs operating in various places and specializes in mining Dogecoin and Litecoin. This acquisition resulted in a gross profit of $1,449,335 for the first half of the financial year for the crypto-mining activities. Shanghai Yitang, the company's cryptocurrency mining partner, continues to assist in managing the company's mining activities to guarantee that the mining rigs are distributed throughout various green renewable energy mining sites.[5]
Hello Pal recently released financial results for 2021, with total revenue of $14,655,610 in 2021 H1 (comprised of $13,206275 for live streaming and net revenue of $1,449,335 for cryptocurrency) compared to $4,290,312 in 2020 H1. Gross profit also saw an increase to $2,488,454 in 2021 H1 (comprising $1,449,335 for crypto currency mining and $1,039,099 for live streaming) compared to $185,415 in 2020 H1. As of August 31, 2021, cash of $4,091,553 and working capital of $5,176,955. [1][6]
The main competitors of Hello Pal International include accesso Technology Group (LOQPF), AppSwarm (SWRM), APT Systems (APTY), Digihost Technology (HSSHF), Docebo (DCBOF), EHAVE (EHVVF), Epazz (EPAZ), Everything Blockchain (OBTX), Facedrive (FDVRF), and Forecross (FRXX). These companies are all part of the "software application" industry but may not be actively working in real-time translation like Hello Pal.[7]
OTC Symbol: HLLPF
