TIMIA Completes Two New Finance Facilities totalling $4.9 million

~Surefire and Vancouver-based software company utilize TIMIA’s finance solution to support the expansion of their respective technology platforms~

VANCOUVER, BC – September 1, 2020 – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA/OTCQB:TIMCF) today announces that it has entered into two investment facilities for an aggregate value of approximately $4.9 million. The first investment facility is in the amount of approximately $3.9 million (US$3 million) made to Surefire Local, a Virginia based marketing technology company, the #1 local marketing platform for small business. The financing facility includes an initial disbursement of approximately $3.3 million (US$2.5 million), which has been advanced, and an additional $0.65 million (US$0.5 million) to be disbursed upon certain milestones being met over the term of the agreement.

The second investment facility of $1 million has been extended to a Vancouver based software company. The financing facility includes an initial disbursement of $375,000, which has been advanced, and additional disbursements to be made upon certain milestones being met over the term of the agreement.

“We continue to see a robust marketplace with SaaS companies continuing on their growth trajectories and requiring non-dilutive financings, ” said Mike Walkinshaw, CEO of TIMIA. “We have been prudent with our investments as we navigate through the new economic realities of dealing with COVID-19 and welcome these two companies to our portfolio. With two transactions in the month of August we are off to a great second half of 2020 and look forward to continuing to add to our portfolio with a full pipeline of potential investment opportunities.”

TIMIA uses a proprietary, scalable, technology-driven fintech platform to target higher risk-adjusted returns from its finance solutions, in pursuit of creating value for shareholders, and leveraging its non-dilutive capital structure. The Company is driving growth of its investment portfolio by providing non-dilutive investment facilities to revenue producing growth companies in the software as a service or SaaS industry.

Growing SaaS companies, such as Surefire, seeking non-dilutive financing are invited to register with TIMIA through its fintech platform. Under a revenue-based financing model, TIMIA advances capital to SaaS businesses with recurring revenue streams allowing the portfolio company to make monthly payments, which are a combination of principal and interest, to TIMIA with a repayment schedule sculpted to the portfolio company’s revenue streams. The amounts advanced are secured and may be repaid early. TIMIA expects to make further investments in the coming months, in the pursuit of its business model, which is to earn a combination of monthly payments and periodic gains on investments.

About Surefire Local
Surefire Local provides the industry’s most complete local marketing platform designed to help small and medium-sized businesses make online marketing easier so they can grow profitably. Through its flagship product, Surefire Local Marketing Platform™, locally-focused businesses of all sizes can remove digital roadblocks hindering growth, gain insights, and take action to attract and engage new and current customers through measurable, multi-channel marketing.

About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue. This alternative financing option complements both debt and equity financing, while allowing entrepreneurs and existing stakeholders to retain ownership and control of their business. TIMIA’s singular focus is the fast growing, global, business-to-business Software-as-a-Service (or SaaS) segment. We align ourselves with entrepreneurial management teams growing their sales from $2 Million to $20 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com

For more information, please contact:
Darren Seed
Vice President, Capital Markets & Communications
Mike Walkinshaw, CEO
TIMIA Capital Corporation
(604) 398-8839
IR@timiacapital.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information
Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements normally contain words like ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’ and similar expressions, and within this news release include any statements (express or implied) respecting making further disbursements upon the completion of certain milestones, future value creation for shareholders, the growth of the company’s investment portfolio and expectations regarding making further investments in the coming months. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the following assumptions: that the Company and its investee companies are able to meet their respective future objectives and priorities, assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company. Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Timia’s business. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to, the Company having insufficient financial resources to achieve its objectives; availability of further investments that are appropriate for the Company on terms that it finds acceptable or at all; successful completion of exits from investments on terms that constitute a gain when no such exits are currently anticipated; intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Timia has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Timia. Accordingly, readers should not place undue reliance on forward-looking statements. Timia undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.