FOR IMMEDIATE RELEASE: November 8th, 2017
VANCOUVER, BC – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) is pleased to announce its 2nd new investment this month. This most recent investment is into Realty Butler Technology Inc. (“Realty Butler”).
Realty Butler is an AI powered marketing service for real estate agents, automating the design and management of their websites, newsletters and social media. This enables real estate agents to look their best online, freeing them to focus on relationships and selling homes. By leveraging proprietary technology to power its products, Realty Butler delivers a high-touch client experience while maintaining SaaS margins. This latest round of financing will allow for rapid expansion into US and Canadian markets.
The financing facility is $1.35 Million total, with a first disbursement of $500,000 and a further $850,000 to be disbursed upon certain milestones being met over the next 12 months.
This investment is the second new investment announced by TIMIA in November and reflects the increased uptake of the TIMIA financing product in the technology market place.
This most recent investment brings the total number of active investments in the TIMIA portfolio to 6 and the disbursed $ value of active investments to $7.05 Million.
“With this latest investment into Realty Butler, TIMIA has grown the $ value of its portfolio by 40% over the past month” commented Mike Walkinshaw, CEO of TIMIA. “Putting our cash resources to work will continue to improve our financial statements.”
About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for payments tied to revenue and bonus payments upon exiting the investments. The alternative financing option complements both debt and equity financing, while allowing entrepreneurs to retain a greater share of their business. TIMIA’s target market is the fast-growing business-to-business software-as-a-service (SaaS) segment. TIMIA is managed by a seasoned investment team with a track record of originating and managing debt and equity investments, as well as monitoring, compliance and workouts. For more information about TIMIA Capital Corporation, please visit www.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.
For more information, please contact:
Chief Executive Officer
TIMIA Capital Corporation
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company disclaims any obligation to update the forward-looking statements except as required by law.