"Our three companies on a combined basis continue to grow presence in the market, and we are delighted with the performance of all product lines. Collectively the companies are both adding new clients and expanding relationships with existing customers to drive month over month revenue growth on a pro forma basis," said
"We are also finalizing our due diligence on Axis and expect to complete and sign the definitive transaction agreement shortly," continued
Holders of approximately 98 percent of the outstanding Debentures have agreed to take shares as their form of interest payment for this semi-annual interest payment date.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
Certain information in this press release is forward-looking within the meaning of Canadian securities laws as it relates to anticipated events and strategies. When used in this context, words such as will, anticipate, believe, plan, mandated, intend, target, and expect or similar words suggest future outcomes.
Forward-looking information in this press release, includes, among other things, information relating to: (i) projected revenues resulting from the acquisition of Valuation Vision and Axis; (ii) the audit of Valuation Vision, the completion of Valuation Vision's audited financial statements and the closing of the Valuation Vision transaction; (iii) completion of due diligence and entering into a definitive agreement with Axis, conducting and completing an audit of Axis and the closing of the Axis transaction; and (iii) the timing and completion of the proposed financing.
These statements are based on certain assumptions and analyses made by the Company in light of its experience, current conditions and expected future developments and other factors it believes are appropriate. The material factors and assumptions used to develop these forward-looking statements include, but are not limited to: (i) the accuracy of the revenues reported by Valuation Vision and Axis; (ii) the ability of the Company to realize such revenues in the event the Valuation Vision and Axis transactions are closed and the ability of
The Company believes that the expectations reflected in this news release are reasonable but actual results may be affected by a variety of variables and may be materially different from the results or events predicted in the forward-looking statements. Readers are therefore cautioned not to place undue reliance on such forward-looking information. In evaluating forward-looking information readers should consider the risk factors which could cause actual results or events to differ materially from those indicated by such forward-looking statements, including risks that: (i) a definitive agreement is not made with Axis and the transaction does not close; (ii) the audit of Valuation Vision is not completed and the transaction does not close; (iii) the revenues of Valuation Vision and Axis are accurate and will be realized by the Company in the event the acquisition transactions close; (iv) that the financing will not be completed, or if it is, that the Company will not be sufficiently capitalized to close the Valuation Vision and Axis acquisitions or conduct operations of the combined entities; and (v) or that regulatory approval for the respective transactions is not obtained. If any such risks actually occur, they could materially adversely affect the Company's business, financial condition or results of operations. In that case the trading price of the Company's common shares could decline, perhaps materially.
Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management's current expectations, and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.