TUGA Innovations Launches NFT Marketing Program

Firm joins with BACD.IO for Sustainable Transportation Utility Token
Proclaims Dubai-Primarily based On-line Promotional Occasion December twentieth

VANCOUVER, British Columbia and LISBON, Portugal, Dec. 20, 2022 (GLOBE NEWSWIRE) — TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF) (“TUGA Innovations,” or the “Company”), a developer of options for city mobility challenges with the TUGA, a brand new sort of electrical automobile (“EV”), is happy to announce it has entered into an settlement with NFT specialists BACD.IO and eTUGA.io for the aim of minting and advertising and marketing an eTUGA Utility Token.

The workforce at BACD.IO (https://www.bacd.io/) and eTUGA.IO (www.etuga.io) have developed an built-in service to market the introduction of the proposed eTUGA Utility Token with the simultaneous launch of a TUGA Augmented Actuality (AR) utility which permits customers to expertise an augmented actuality visualization and interplay with any TUGA automobile in a user-specified atmosphere.

On-line Occasion Data

To seek out out extra, there will likely be a web-based occasion dwell from Dubai, UAE on Tuesday December twentieth at 0900 Jap. members of the general public could be part of by way of Zoom on a primary come, first-serve foundation as admission is proscribed.

https://us02web.zoom.us/j/86205626329?pwd=RnNxa0tSeVhURVVOaFBmNFNuMk5vQT09
Assembly ID: 862 0562 6329
Passcode: 773502

For added data, please go to our website (www.tugainnovations.com) and obtain our app which can also be accessible on the Google Play Store or the Apple App Store.

The introduction of the eTUGA Utility Token will present participation within the TUGA program by providing entry to quite a lot of companies underneath specialised circumstances and environments. Discover out extra on the eTUGA web site (https://www.etuga.io/).

The TUGA program has seen progress within the design and growth of engineering, electronics, software program, and styling of the modern TUGA three-wheeled, absolutely electrical fore-and-aft 2-seat automobile. Actually no wider than a bike, the TUGA delivers agility, and a patent-pending increasing rear axle supplies high-speed stability. Moreover, an expandable chassis supplies excellent passenger and cargo entry. The automobile is being designed to supply superior connectivity expertise with an estimated 160 km vary at as much as 140km/hour, with extra safety than a bike in an interchangeable multi-body, multi-function platform.

John Hagie, CEO of TUGA Innovations states, “We have united some great partners at eTUGA.IO and BACD.IO as an innovative means of marketing our project. This concept positions us to improve market reach using blockchain technology and provide new ways for the public to participate in our journey.”

On behalf of the Board of Administrators,
Sincerely,

~John Hagie~

John Hagie
Chief Government Officer & Director
TUGA Innovations, Inc.

As a part of the Firm’s disclosure obligations as a public issuer, ongoing monetary and materials filings could be discovered underneath the Firm’s profile on the System for Digital Doc Evaluation and Retrieval (SEDAR) at www.sedar.com. We invite the general public to go to our web site at www.tugainnovations.com and to enroll to our “news alerts” to be suggested of future information and occasions. Please watch our video which is now accessible on the web site, and observe us on Instagram, Twitter, and LinkedIn.

About TUGA Innovations, Inc. (CSE: TUGA) (FRA: DQ5) (OTC: TUGAF)

TUGA Innovations is a development-stage electrical automobile firm endeavor the conception, design, and manufacturing of specialised EVs to enhance the city mobility expertise. The Firm is seeking to scale back city mobility difficulties by growing a family of three-wheeled, absolutely electrical fore-and-aft 2-seat autos. The automobile is not any wider than a bike for agility and presents a patent pending increasing rear axle for high-speed stability together with a patent pending expandable chassis designed for passenger consolation. The automobile will provide superior connectivity expertise to maximise security, efficiency, environmental impression, consolation, upkeep, and navigation. The TUGA automobile is being designed to ship an estimated 160 km vary, have an estimated high velocity of 140km/hour with the comforts of a automobile, and with extra safety than a bike in an interchangeable multi-body, multi-function platform. Discover out extra at: https://tugainnovations.com/, watch our video, and observe us on Instagram, Twitter, and LinkedIn.

For additional data, please contact:
TUGA Investor Relations
Tel: +1 415.799.7911
E-mail: info@tugainnovations.com

Ahead-Wanting Assertion

This information launch accommodates statements and data that, to the extent that they don’t seem to be historic truth, could represent “forward-looking information” throughout the which means of relevant securities laws. Ahead-looking data could embrace monetary and different projections, in addition to statements relating to future plans, goals, or financial efficiency, or the idea underlying any of the foregoing. In some instances, forward-looking statements could be recognized by phrases akin to “aim”, “aims to”, “may”, “would”, “could”, “will”, “will be” “likely”, “expected”, “anticipated”, “proposed”, “believe”, “intend”, “intent”, “looking forward”, “plan”, “forecast”, “project”, “estimate”, “outlook”, “hope”, “the potential to” or the damaging thereof or different related expressions regarding issues that aren’t historic details. Examples of such statements embrace, however aren’t restricted to, statements with respect to the Firm addressing challenges confronted when driving in, between, and round city centres and metropolitan areas; the introduction and creation of the eTUGA Utility Token and anticipated advantages, the eTUGA Utility Token offering participation within the TUGA program; the launch of the TUGA Metaverse utility and related options together with digital check drive; ; the Firm’s commercialization of its automotive ideas together with the creation of a branded household of autos; the design of the automobile together with the three wheels, the variety of seats, an elective suite of superior digital communications and navigation aids, the width of the automobile, the expanded rear axle characteristic of the automobile and its anticipated passenger consolation and cargo dealing with functionality, the superior connectivity options of the automobile and anticipated advantages, the km vary and high velocity of the automobile, and the protection, efficiency, and luxury supplied by the automobile.

Ahead-looking data is predicated on the assumptions, estimates, evaluation, and opinions of administration made in mild of its expertise and its notion of tendencies, present circumstances and anticipated developments, in addition to different components that administration believes to be related and cheap within the circumstances on the date that such statements are made, however which can show to be incorrect. The fabric components and assumptions used to develop the forward-looking data contained on this information launch embrace, however aren’t restricted to, key personnel and certified workers persevering with their involvement with the Firm; the Firm’s means to safe extra financing on cheap phrases; the aggressive circumstances of the industries during which the Firm operates; and legal guidelines and any amendments thereto relevant to the Firm.

Ahead-looking data includes identified and unknown dangers, uncertainties and different components that will trigger the precise outcomes, efficiency or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking data, together with, with out limitation, dangers regarding the long run enterprise plans of the Firm; dangers that the Firm won’t be able to retain its key personnel; dangers that the Firm won’t be able to safe financing on cheap phrases or in any respect, in addition to all the different dangers as described within the Firm’s closing prospectus dated November 30, 2021 underneath the heading “Risks Factors.” Accordingly, readers mustn’t place undue reliance on any such forward-looking data. Additional, any forward-looking data speaks solely as of the date on which such assertion is made. New components emerge on occasion, and it isn’t attainable for the Firm’s administration to foretell all such components and to evaluate upfront the impression of every such issue on the Firm’s enterprise or the extent to which any issue, or mixture of things, could trigger precise outcomes to vary materially from these contained in any forward-looking data. The Firm doesn’t undertake any obligation to replace any forward-looking data to replicate data or occasions after the date on which it’s made or to replicate the incidence of unanticipated occasions, besides as required by regulation, together with securities legal guidelines.

The CSE doesn’t settle for duty for the adequacy or accuracy of this launch.

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