Relevium Reports Revenue Growth in the First 50 Days of Business and Guidance Update
Relevium Reports Revenue Growth in the First 50 Days of Business and Guidance Update
Momentum Public Relations
Press Release: August 2, 2017
MONTREAL, QUEBEC–(Marketwired – Aug. 2, 2017) – Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) (the “Company” or “Relevium”) a publicly traded corporation strategically focused on the acquisition of e-retail brands, products and technologies in the health and wellness market is pleased to provide guidance on its strategy and focus for the balance of calendar year 2017.
Highlights
- Successful first 50 days of operations
- Since closing BioGanix acquisition: revenues of approx. C$ 700,000 (~53{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase over previous period last year)
- Guidance on expansion of BioGanix
- Guidance for M&A
- Guidance for technology builds
Successful first 50 days of operations
On June 6, 2017, Relevium acquired the assets and business of BioGanix, the Company’s first acquisition of e-retail assets. Management and the previous owner of BioGanix have been working diligently to ensure a smooth transition of the business. Jointly, careful detailed transitioning of the online operations has been ongoing in order to avoid any possible disruptions to the daily business operations.
The Company is happy to announce that the initial transition of the current business has been successful, and Relevium has recorded revenues of approximately CAD$700,000 since closing, representing a 52{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase over the previous period last year (47{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase taking into account the effect of FX fluctuations).
In the month of August, management will be working closely with the previous ownership to optimize operations and making additions to the current product offering.
Aurelio Useche, CEO, stated: “We are extremely pleased with the dedication and professionalism demonstrated by the previous ownership, the staff and our internal team during this initial phase of work.” Mr. Useche continued: “We look forward to this continued partnership as we move into the optimization phase of the transition.”
Guidance on Expansion of BioGanix
As part of the overall acquisition strategy, Relevium will spend considerable time in optimizing and developing the acquired e-retail business and brands starting with BioGanix. The Company’s model includes:
- Optimization of its marketing and product positioning strategies
- Overview of its current product line and launching of new products
- Creation and launch new brands and product segments
- Obtaining licenses or direct sourcing of exclusive products
- Joint Ventures for market expansions
Management is in discussions with potential partners in the above areas, including Hempco. As previously announced on May 10, 2017, the Company is currently working with Hempco to launch a vegan nutrition and vegan nutraceutical line to be launched in fall 2017 pending marketing studies and analysis.
Pierre Bertrand, Director and Member of the Strategy Committee, stated: “The board, in conjunction with the CEO, have established a clear plan for creating value through the newly acquired business of BioGanix.” Pierre Bertrand further stated: “We strongly believe that success in acquisitions is measured through acceleration of the inline business, based on excellence in execution of the underlying businesses acquired. As such, Relevium is committed to the success of the BioGanix business.”
Guidance on Future Acquisitions and Current Pipeline
In alignment with its overall business strategy, Relevium continues to build its pipeline of potential M&A targets. Although the list of targets is dynamic, the Company’s current pipeline represents a potential list of eight targets of interest totalling over $80M in Revenues and $24M in EBIT (all figures in Canadian Dollars).
Depending on several factors such as market conditions and ability to finance, the Company intends to execute on at least one other transaction by the end of 2017.
Guidance on Technology Development
Relevium Technologies is headquartered in Montreal, Quebec, a leading center for innovation in Big Data, Artificial Intelligence and Machine Learning. In addition to optimizing operations, marketing spend and brand equity, Management believes that an investment in Big Data and Artificial Intelligence will be of strategic importance in creating value for the Company and its shareholders.
Relevium has already entered into discussions with leading Montreal-based companies in this sector in order to evaluate and set the direction for the development of proprietary technologies. The envisioned technology builds will allow for data driven decision making for operations, product launches, brand building and marketing as well as any other facet of the business that may come to light during the process. The envisioned technology builds will benefit from continuous learning as datasets grow and the technology evolves.
The Company recognizes that certain key tools required to be a leader in the e-commerce industry are not commercially available. As such the Company will build artificial intelligence and machine learning solutions so as to ensure that it is at the bleeding edge of the industry and that portfolio brands outperform the market peer group.
Aurelio Useche, CEO of Relevium Technologies stated: “Success in e-commerce was traditionally linked to marketing spend and operations optimization. We believe that the current and future success of e-retail will not only depend on these two pillars, but also in understanding market trends and consumer behaviour data, an area of critical investment by Relevium.”
About Relevium Technologies
Relevium is a TSXV listed company focused on growth through the acquisition of businesses, products and/or technologies with a focus on e-commerce in the growing health and wellness sector. Relevium Technologies Inc. also holds patented intellectual property for the use of static magnetic fields for application on wearable devices.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Readers should not place undue reliance on forward- looking statements and forward-looking information and are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio Useche, President and CEO
Renmark Financial Communications Inc.
Steve Hosein
(416) 644-2020 or (514) 939-3989
shosein@renmarkfinancial.com
www.renmarkfinancial.com
Relevium Technologies Inc.
investors@releviumtechnologies.com
www.releviumtechnologies.com
https://www.facebook.com/releviumcorp/
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- Published in Life Sciences, News Home, Relevium Technologies, Technology
Internet of Things Inc. & New Hope Group Appoint Michael Agam as CEO of New Hope-IoT Intl. Inc. Joint Venture
Internet of Things Inc. & New Hope Group Appoint Michael Agam as CEO of New Hope-IoT Intl. Inc. Joint Venture
Momentum Public Relations
Press Release: August 1, 2017
TORONTO and SHANGHAI, China, Aug. 01, 2017 (GLOBE NEWSWIRE) — Internet of Things Inc. (TSX-V: ITT) (OTC:INOTF) (FRANKFURT:71T) (“ITT Inc.” or the “Company”) and New Hope Data Technology Co., Ltd., a New Hope Group affiliated and investee company (“New Hope”) are pleased to announce the appointment of Michael Agam as CEO of the recently announced New Hope-IoT Intl. Inc. Joint Venture (the “NHG-ITT JV” or the “JV”).
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Michael Agam brings over 12 years of diverse C-level executive management and technical experience, combined with a successful track record in fast growing international technology companies. Prior to joining the JV, Mr. Agam was the CEO of MNC Ltd. based in Chengdu, China, a joint venture of Maxtech Networks Israel (www.maxt-mesh.com) and Jaiye International China delivering end to end industrial IoT solutions in China.
Prior to heading up MNC Ltd., Mr. Agam was the VP, Marketing & Business Development at Maxtech Networks, a company developing sophisticated high performance, voice and data mesh communications networks. In that role, he negotiated several $10 Million + contracts with Fortune 500 companies in the US (including General Dynamics, Raytheon, CACI etc.), in Europe (Selex-ES, Thales) and in China (CEC group). Concurrent to Mr. Agam’s role at Maxtech Network, he was an executive board member at Buy2 Networks, a leading Israeli e-commerce company. Under Mr. Agam’s strategic direction, Buy2 Networks grew its annual revenue from USD$2 Million to USD$20 Million.
Mr. Agam brings to the JV a strong technical background in a variety of fields, including telecommunications, cloud and big data analytics, RF and legacy communications systems and networks, broadband communications and mobile applications. He received his Bachelor of Laws (L.L.B., 2002) and Master of Business Administration (MBA, 2003) from the College of Management – Academic Studies, Israel’s largest college.
Michael Agam, CEO of the New Hope-IoT Intl. Inc. JV commented, “I am honored to be chosen as the leader of this innovative and pioneering business. The market opportunity for the JV with Internet of Things Inc. to automate the industrial market in China as part of the ‘Made in China 2025’ program with impactful IoT solutions is of huge significance and scale. The strategic advantage of working with New Hope in terms of market access to its portfolio of companies, its industrial leadership and its government relations is second to none. With this win-win JV partnership and partners combined with the team that I am assembling, we are well positioned to lead the industrial IoT market in China.”
Michael Frank, CEO of ITT Inc. added, “Michael is a great business partner, who understands the opportunities, challenges and dynamics of the nascent Chinese Industrial IoT market, and we are pleased and proud to have him guide and manage the JV with New Hope. We are looking forward to working with Michael to grow NHG-ITT JV into one of the dominant industrial IoT solution providers in China and beyond.”
Additionally, the NHG-ITT JV has entered into advanced discussions with several leading North American, European and Israeli IoT hardware/software, communications and cybersecurity companies regarding potential strategic sales and distribution partnership agreements.
About New Hope Group
New Hope Group (en.newhopegroup.com) was founded in 1982. New Hope Group now has more than 600 subsidiaries in 30 countries, with nearly 70,000 employees and annual revenues of nearly 80 Billion Yuan or CAD$15.5 Billion. It is involved in a wide range of sectors, from agriculture and real estate to infrastructure, chemical engineering, finance, insurance and more. It has a AAA credit rating from China Chengxin International Credit Rating Co. Ltd. (CCXI).
New Hope Group includes New Hope Data Technology Co., Ltd, a Shanghai-based company focused on data acquisition, monitoring, analytics, knowledge transfer through the implementation of cutting-edge IoT technologies as well as professional services and data analytics.
About Internet of Things Inc.
Internet of Things Inc. (www.iotintl.com) is an Internet of Things (IoT) software and solutions provider. The company acquires and implements strategic and disruptive technology solutions targeting the industrial IoT markets, including manufacturing, energy management, agriculture, transportation, social, cybersecurity, e-commerce and fintech. ITT has its headquarters in Toronto, Canada.
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Cautionary and Forward-Looking Statements
Except for the statements of historical fact contained herein, certain information presented constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Such forward-looking information, includes, but is not limited to, the relationship between Company and New Hope, the parties entering into definitive agreements with regard to the joint venture, the use of the Company and the joint venture within the New Hope’s manufacturing processes and projected revenue and income of the joint venture. While such forward-looking statements are expressed by the Company, as stated in this release, in good faith and believed by the Company to have a reasonable basis, they are subject to important risks and uncertainties. As a result of these risks and uncertainties, the events predicted in these forward-looking statements may differ materially from actual results or events. These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at an investors’ own risk.
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 RELEASE
For further information, contact: New Hope-IoT Intl. Inc. Michael Agam CEO Tel: +86 156 1832 9573 Email: michaelagam@newhope-data.com.com To learn more, visit: www.newhope-data.com Internet of Things Inc. Michael Frank President & CEO Tel: (416) 677-9277 Email: mfrank@iotintl.com To learn more, visit: www.iotintl.com
- Published in Internet of Things Inc, News Home, Technology
King’s Bay Announces Proposed Name Change
King’s Bay Announces Proposed Name Change
Momentum Public Relations
Press Release: August 1, 2017
Vancouver BC. (FSCwire) – King’s Bay Gold Corporation (the “Company”) (TSX-V: KBG) (FRANKFURT: KGB1), is pleased to announce that it intends to proceed with a name change to “King’s Bay Resources Corp.” (the “Name Change”).
Kevin Bottomley states “this name change to King’s Bay Resources Corp. better reflects our focus on a broader range of commodities rather than just precious metals.”
The Name Change is subject to TSX Venture Exchange approval and the Company will provide further updates regarding the Name Change, including the effective date.
In addition, the Company corrects its news release of July 14, 2017, announcing the issuance of cash finder’s fees payable to certain finder’s in connection with the closing of the private placements. The correct amount of finder’s fees issued was reduced to $4,800 in place of $5,300.
ON BEHALF OF THE BOARD OF DIRECTORS
King’s Bay Gold Corporation
“Kevin Bottomley”
Kevin Bottomley
President and Chief Executive Officer
Tel: (604) 681-1568
Email: Kevin@kingsbayres.com
For investment inquiries please contact;
Brad Hoeppner
Director
Tel: (604) 681-1568
Email: Brad@kingsbayres.com
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/kingsbaygold08012017.pdf
Source: King’s Bay Gold Corporation (TSX Venture:KBG)
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- Published in King's Bay, Mining, News Home