AtmanCo Announces an Annual Growth in Revenues of 298
AtmanCo Announces an Annual Growth in Revenues of 298{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and a Profit of 366k in the Fourth Quarter of 2016
AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) announces its annual results for the year ended December 31, 2016.
Highlights:
- As part of its strategic plan, on October 5, 2016, the Company closed the acquisition of RNIS Telecommunications Inc. (‘VoxTel’) and InformationTelcharge.com for a total purchase price of $2.4m with $1.5m paid cash at closing.
- The Company announces revenues of $3.4m compared to revenues of $0.8m for 2015 comparable year, a $2.6m or 298{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase.
- As of December 31, 2016, the Company’s would begin 2017 with an order book totalling $8.9m compared to $0.8m as of December 31, 2015 for an increase of $8.1m.
- For the fourth quarter of 2016, the Company announced a profit of $366k in comparison to a loss of $407k for the fourth quarter of 2015.
- As of December 31, 2016, the Company has cash totalling $378k compared to $55k as of December 31, 2015, along with a positive working capital by opposite to 2015.
- Total assets increased from $1.5m to $7.3m between December 31, 2015 and December 31, 2016 while equity increased from $0.9m to $2.1m.
The selected financial information below originates from the interim consolidated financial statements:
in thousands of $ (except amounts per share) |
3 months ended December 31, 2016 | 12 months ended December 31, 2016 | 3 months ended December 31, 2015 | 12 months ended December 31, 2015 |
Consolidated statement of comprehensive loss | ||||
Revenues | 2 606 | 3 378 | 95 | 847 |
Net income (loss) | 366 | (333) | (407) |
(1 233) |
« The year 2016 was an important year in the pursuit of our strategic plan with the acquisition of VoxTel, said Michel Guay, President and CEO of AtmanCo. It will propel us into fast-growing markets and significantly increase our sales and backlog. We will continue to invest in technology, as well as sales and marketing, in order to seize market and development opportunities and reinforce our position in the marketplace. We will also explore other strategic acquisition opportunities alongside our internal growth plan », said President and CEO of AtmanCo, Michel Guay.
The above data includes a summary of highlights. For further information, please consult the Corporation’s interim consolidated financial statement as well as the Management Report for the year ended December 31, 2016 at www.sedar.com.
AtmanCo grants new option shares
The Company announces that a total of 1 500 000 share purchase options have been granted to officers and employees of the Company as well as members of the board of directors, pursuant to the terms of its share option plan (the “Plan”). These options are exercisable at $0.11 per share and expire on April 20, 2022. The Plan provides that options may be exercised on a cumulative basis over a period of three years from the date they are granted, as to one-third after one year, and additional one-third after two years and the balance after the end of the third year.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. There is a risk that expectations and forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements as they involve risks and uncertainties, which could make actual results differ materially from those projected herein and depend on a number of factors including, but not limited to, no history of profitability, future financing, intellectual property and patents, key personnel, competitive marketplace, technology obsolescence, share price volatility and other risks detailed from time to time in the Company’s filings. While AtmanCo anticipates that subsequent events and developments may cause its views to change, AtmanCo specifically disclaims any obligation to update these forward looking statements, unless obligated to do so by applicable securities laws.
Additional information regarding the Company are available on SEDAR www.sedar.com.
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo (TSX VENTURE:ATW) is a leader in information technology, owner of several web platforms including Atman, Québec Rencontres, VoxTel and Bloomed. Atman and its APIs enable companies to optimize their human capital. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. VoxTel offers various interactive landline and mobile phone solutions, as well as carrier billing and SMS features. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
- Published in Atmanco, Mobile Technology, News Home, Technology
AtmanCo’s Psychometric Test Will Soon be Offered to University Students in the United States
AtmanCo’s Psychometric Test Will Soon be Offered to University Students in the United States
– Momentum Public Relations –
Press Release: March 31, 2017
The Atman psychometric test will be offered to university students in the American market through a promotional campaign co-launched with Sparkroom
AtmanCo Inc. (TSX VENTURE:ATW) announced today that it has partnered with Sparkroom, a leader in student recruitment, providing fully transparent, data-driven strategies designed to achieve enrollment objectives.
Sparkroom’s Student Acquisition Platform is a preferred tool for North American universities to recruit new students. This partnership between AtmanCo and Sparkroom will introduce an advertising campaign for AtmanCo’s B2C version of its renowned psychometric test through MTVU in May of this year. MTVU is directly linked to university campuses in the United States, with exposure to more than 3 million students and reaches an audience of 11 million people through their MTVU channel.
AtmanCo’s B2C product, bloomed.com, will serve as a web platform for this advertising campaign by offering students a psychometric test to discover their personality profile. The personalized results will help students:
- Succeed academically,
- integrate into the student life on campus, and
- Find the most compatible people to build the best in-class groups.
“We are pleased to announce the partnership with Sparkroom on this marketing campaign, which is in line with AtmanCo’s customer acquisition and big data implementation goals. Furthermore, we are delighted to be able to reach new markets with our API and its many applications. Sparkroom points out that students need all the tools to help with personal development, and personality testing is an ideal way to understand one’s self. The success of this project is based on the enthusiasm of young people to learn about themselves”, said Michel Guay, founder, president, chief executive officer and chairman of the Board of AtmanCo.
ABOUT SPARKROOM
Through the deployment of award-winning technology and services, Sparkroom helps higher education marketers rapidly grow their enrollment volume. Sparkroom marketing technology and services address the full student lifecycle, with a focus on delivering higher-quality prospects and better conversion rates. Our full-service solutions are designed to measure marketing effectiveness in relation to student recruitment efforts.
– Sparkroom performance marketing technology integrates campaign data, automates processes based on performance and provides holistic cross-channel attribution reporting and analytics, including cross-channel dashboards.
– Sparkroom enrollment marketing services include demand generation and student recruitment support to manage cross-channel marketing campaigns from strategy to execution to optimization and beyond.
– Sparkroom enrollment management solutions, inclusive of enrollment management consulting and short OPM engagements, layer on operational services for institutions in need of end-to-end support.
ABOUT ATMANCO
AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo’s solutions also enable impacting the major consumer market by easily integrating them with our partners’ technological solutions. For more information, follow us at @atmanco and on LinkedIn. AtmanCo is also the owner of RNIS Telecommunications inc (‘VoxTel’) which owns the online dating site Quebec Rencontres as well as offering various interactive and billing wireless and landline telephone solutions.
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
Forward looking statements
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. There is a risk that expectations and forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements as they involve risks and uncertainties, which could make actual results differ materially from those projected herein and depend on a number of factors including, but not limited to, no history of profitability, future financing, intellectual property and patents, key personnel, competitive marketplace, technology obsolescence, share price volatility and other risks detailed from time to time in the Company’s filings. While AtmanCo anticipates that subsequent events and developments may cause its views to change, AtmanCo specifically disclaims any obligation to update these forward looking statements, unless obligated to do so by applicable securities laws
Additional information regarding the Company are available on SEDAR www.sedar.com
AtmanCo Inc.
Michel Guay
Founder, president and CEO
1.877.935.5959 ext. 301
mguay@atmanco.com
Stephane Poirier
VP Marketing & Technologies
1.877.935.5959 ext. 310
spoirier@atmanco.com
atmanco.com
© 2017 Canjex Publishing Ltd. All rights reserved.
AtmanCo Inc (ATW.V) Pushes Higher Into Potential Pullback Range
AtmanCo Inc (ATW.V) Pushes Higher Into Potential Pullback Range
Checking on current RSI levels on shares of AtmanCo Inc (ATW.V), the 14-day RSI is currently standing at 71.39, pushing the stock into overbought territory. RSI is a momentum oscillator that moves in a range from 0 to 100. RSI is generally used to interpret whether a stock is overbought or oversold. With AtmanCo Inc’s RSI above 70, traders should be wary of a potential pullback. Looking a bit closer at other RSI timeframes we can see the 7-day RSI is at 78.70 and the 3-day is at 89.11.
Fundamental Data
Now we’ll take a look at how the fundamentals are stacking up for AtmanCo Inc (ATW.V). Fundamental analysis takes into consideration market, industry and stock conditions to help determine if the shares are correctly valued. AtmanCo Inc currently has a yearly EPS of -0.02. This number is derived from the total net income divided by shares outstanding. In other words, EPS reveals how profitable a company is on a share owner basis.
Another ratio we can look at is the Return on Invested Capital or more commonly referred to as ROIC. AtmanCo Inc (ATW.V) has a current ROIC of -144.98. ROIC is calculated by dividing Net Income – Dividends by Total Capital Invested.
Similar to ROE, ROIC measures how effectively company management is using invested capital to generate company income. A high ROIC number typically reflects positively on company management while a low number typically reflects the opposite.
Another key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. AtmanCo Inc (ATW.V) currently has Return on Equity of -144.98. ROE is a ratio that measures profits generated from the investments received from shareholders.
In other words, the ratio reveals how effective the firm is at turning shareholder investment into company profits. A company with high ROE typically reflects well on management and how well a company is run at a high level. A firm with a lower ROE might encourage potential investors to dig further to see why profits aren’t being generated from shareholder money.
Turning to Return on Assets or ROA, AtmanCo Inc (ATW.V) has a current ROA of -67.10. This is a profitability ratio that measures net income generated from total company assets during a given period. This ratio reveals how quick a company can turn it’s assets into profits. In other words, the ratio provides insight into the profitability of a firm’s assets. The ratio is calculated by dividing total net income by the average total assets.
A higher ROA compared to peers in the same industry, would suggest that company management is able to effectively generate profits from their assets. Similar to the other ratios, a lower number might raise red flags about management’s ability when compared to other companies in a similar sector.
Source (Dasher Business Review)
- Published in Atmanco, Blog, News Home, Technology
How Much Will a Bad Hire Cost your Company?
How Much Will a Bad Hire Cost your Company?
Hiring employees is an important part of expanding your business. When you hire the right person for a position in your company, it helps your company thrive and grow. If you make the wrong choice and make a bad hire, it spells bad news for your company that can end up being a very expensive decision.
The hiring process itself takes up time and resources for your company. You may need to advertise for the available position. Depending on the level of the position you wish to fill, you may decide to work with an agency or a professional recruiter to fill the position. Someone within your organization must take time to review resumes and application materials received from candidates.
If the position is left unfilled for a time, you may be dealing with lost productivity. The morale in your company may suffer until you can fill the available position, especially if your existing employees are being expected to shoulder a higher-than-usual workload until you can find a replacement.
Bad Hire Will Cost your Company Thousands
A lot is riding on finding the right person to fill a position with your company, and you need to get it right. According to the results of a survey released by CareerBuilder, a bad hire could cost your company $11,000.00 if you have 500 employees or less. As your company increases in size, the financial hit of a bad hire also increases; for a company of more than 500 employees, it could cost you approximately $22,000.00. For a business employing more than 1,000 workers, the cost of a bad hire reaches about $24,000.00.
What Makes an Employee a Bad Hire
The CareerBuilder survey also asked employers to report on what they thought made a new employee a “bad hire” for their company. The respondents identified a number of issues that stood out for them:
- Employees who didn’t produce acceptable quality of work 58 percent
- Employees who demonstrated a “negative” attitude 52 percent
- Employees who didn’t work well with their new coworkers 51 percent
- Employees skills didn’t match what they claimed they
- could do on their resumes 49 percent
- New employee had attendance issues immediately on
- being hired 45 percent
- Customers complained about the new employee 38 percent
The survey results also revealed that 20 percent of employers knew very quickly (within the first week) after hiring a new employee) whether or not they had made a good decision. More than half of the employers knew within three weeks whether a new hire was going to be an asset to their organization.
Thorough Hiring Process Lowers Risk of Making Bad Hiring Decisions
Making a hiring decision involves more than simply placing a person into a “spot” in your organization. The person who is selected to fill a position must also fit in well with your team. If you make a bad hire, you will need to start over and repeat the process again, spending several thousands of dollars in the process.
A candidate’s resume lists their education and experience. You owe it to yourself, your organization and your team members to use all of the tools at your disposal to ensure that whoever you bring into your existing team is going to not only be a good fit, but will also be an asset. This involves digging deeper when evaluating candidates and performing further testing.
Psychometric Testing for Job Candidates a Tool to Make Better Hiring Decisions
Psychometric testing is a way for employers to learn more about candidates who are interested in open positions. Atman’s Psychometric Test measures traits that don’t appear on a resume and can’t be calibrated in an interview. This test can show you how candidates stack up in important areas, such as motivation, sociability, leadership, dealing with stress, and more.
The results of the testing can’t make the decision for you about which candidate to hire. They are meant to provide you with more information about the candidates so that you can make an informed decision.
As an employer, you know that an employee who demonstrates a positive attitude and who is coachable can be trained in procedures. The results of the psychometric tests can help you to feel more comfortable that you have made the right choice when you extend an offer of employment to a candidate. There’s a lot riding on that decision, and you want to make sure that you get it right, for your company and your team.
AtmanCo (ATW:tsxv) Announces a Change on the Board of Directors
AtmanCo (ATW:tsxv) Announces a Change on the Board of Directors
– Momentum Public Relations –
Press Release: January 20,2017
AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) and its Board of Directors are pleased to announce today the nomination of Mr. Renaud Caron to the Board of Directors of AtmanCo.
Mr. Caron is Senior Vice-President, Strategic Development at CGI Group Inc. He has held various positions such as Senior Vice-President, Corporate Development; Senior Vice-President, Business Engineering; and Senior Vice-President and General Manager at CGI International.
Previous roles include Deputy Minister of Economic Development Canada for the Government of Canada and Delegate for Foreign Investments. Before that, for the Government of Quebec, he acted as Deputy Minister for the Ministry of Industry, Commerce, Science and Technology, and Tourism, Deputy Minister for the Ministry of International Affairs, and Associate General Secretary for the Executive Council Office.
He holds a master’s degree in Public Administration (Economics and Public Finance) from the University of Public Administration (ENAP), a branch of the Université du Québec network, as well as a bachelor’s degree in Social Science from Université Laval and a minor in Economics from Université de Sherbrooke. He completes several training courses, notably from Harvard Business School (Executive Management Course – Leading Professional Service Firm).
As Administrator, Mr. Caron sits on several Boards of Directors: Fédération des Chambres de Commerce du Québec, Montréal International and ProAction International Inc. He has also served on Boards for organizations and private companies such as Business Development Bank of Canada, Société générale de financement du Québec, TechnoMontréal, Société québécoise des transports, Société de développement industriel du Québec, Société nationale de fiducie and Clemex Technologies Inc. He is also involved in various charity organizations such as the Montreal Cancer Institute.
« We are pleased to welcome Mr. Renaud Caron to our Board of Directors. Mr. Caron brings with him a vast and diversified experience as well as an extensive local and international network which could largely benefit AtmanCo » said Michel Guay, president and chief executive officer of and chairman of the Board of AtmanCo.
AtmanCo also announces that Mr. Normand Drouin has resigned from the Board of Directors of AtmanCo. His resignation is effective immediately. AtmanCo wants to thank Normand Drouin for all his devotion and wish him all the best in his future endeavors.
Additional information regarding the Company are available on SEDAR www.sedar.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo’s solutions also enable impacting the major consumer market by easily integrating them with our partners’ technological solutions. AtmanCo is also the owner of RNIS Telecommunications inc (‘VoxTel’) which owns the online dating site Quebec Rencontres as well as offering various interactive and billing wireless and landline telephone solutions.
- Published in Atmanco, Mobile Technology, News Home, Technology
ATW Tech Launches its Mobile App Quebec Rencontres and Announces a Partnership With Globalia
Momentum Public Relations
Press Release: January 17, 2018
ATW Tech (“AtmanCo” or the “Company”) (TSX-V: ATW) is proud to announce its two steps development plan for its social network platforms such as Québec Rencontres with the signing of a strategic partnership agreement with Globalia inc. (“Globalia”) for the marketing and subscriber’s acquisition strategic development and the launch of Québec Rencontres’ new application available on iOS and Android, adding an important platform to its actual network.
Québec Rencontres is one of the most important French dating sites in America which enjoys a great reputation. ATW Tech is counting on its development to increase the number of users and maximize the use of its proprietary payment platforms and its new Unified Payment Solutions (UPS). Globalia’s leading expertise in digital commerce and e-business is widely recognized with such flagship project as Noovo.ca’s new digital platform and many other achievements that have leveraged their proactive vision in B2C e-commerce and unique revenue generation and monetization approach.
« For our users, our commitment to expand our network by partnering with a specialist such as Globalia and the portability of our product between the web and mobile with our new application, is excellent news that can only further facilitate exchanges between them and increase their chances of meeting. This development plan is part of our consumer development strategy and the strategic application of our current and future technologies and products », said Michel Guay, President and CEO of ATW Tech.
« We are pleased to be associated with one of the pillars of online dating. We believe that our team of strategy experts will be able to bring new ideas to the platform and increase opportunities of meetings for thousands of new users across Quebec », said Jonathan Moquin, President of Globalia.
Additional information regarding the Company is available on SEDAR www.sedar.com. The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT GLOBALIA
Globalia’s mission is to accelerate the achievement of its customers’ goals through its 70 experts in commerce and e-business. In an industry where everything moves and evolves rapidly, the agency is guided by values of innovation to stay above the fray, then empathy by placing the customer at the heart of all its actions. Their promise? Take ownership of your projects as if they were theirs.
ABOUT ATW TECH
ATW Tech (‘AtmanCo’) (TSX-V: ATW) is a leader in information technology, owner of several web platforms including VoxTel, Québec Rencontres, VuduMobile, Atman and Bloomed. VoxTel offers various interactive communication and landline and mobile carrier billing phone solutions. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. VuduMobile is specialized the text messaging business for enterprises through its unique, user-friendly and bilingual test messaging application et turnkey solution allowing management of text message management programs in all kind of businesses. Atman and its APIs enable companies to optimize their human capital. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
SOURCE:
ATW TECH (AtmanCo)
Michel Guay Founder, president and CEO Tel.: 514.935.5959 ext. 301 mguay@atwtech.com www.atwtech.com |
Simon Bédard, CA, CPA, CFA, MBA CFO Tel. : 514.935.5959 ext. 304 sbedard@atmanco.com |
- Published in Atmanco
AtmanCo Announces a Change on the Board of Directors
MONTREAL, QUEBEC–(Marketwired – Dec. 23, 2016) -AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) announces today that M. W. Brian Edwards has resigned from the Board of Directors of AtmanCo and from his role of president of the Board. His resignation is effective immediately. Michel Guay, president and CEO of AtmanCo will serve as president of the Board going forward. On a personal note and on behalf of AtmanCo, Michel Guay wants to thank Brian for all his devotion and wish him all the best in his future endeavors.
Additional information regarding the Company are available on SEDAR www.sedar.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo’s solutions also enable impacting the major consumer market by easily integrating them with our partners’ technological solutions. AtmanCo is also the owner of RNIS Telecommunications inc (‘VoxTel’) which owns the online dating site Quebec Rencontres as well as offering various interactive and billing wireless and landline telephone solutions.
AtmanCo Inc.
Michel Guay
Founder, president and CEO
514.935.5959 ext. 301
mguay@atmanco.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
www.atmanco.com
© 2017 Canjex Publishing Ltd. All rights reserved.
AtmanCo Announces Nomination of André Imbeau & Bertrand Leboeuf to its Board of Directors
AtmanCo Announces Nomination of Two New Board Members to its Board of Directors
– Momentum Public Relations –
Press Release: Nov. 15, 2016
AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) is pleased to announce today the nomination of Mr. André Imbeau and Mr. Bertrand Leboeuf to the Board of Directors.
« We are pleased to welcome these two new Board Members to our Board of Directors. Each of them have been major contributors to the province of Quebec, bringing with them vast and diversified experiences, solid competencies and a large network, which can largely benefit AtmanCo » said Michel Guay, president and chief executive officer of AtmanCo.
About André Imbeau
Mr. André Imbeau is the president of Groupe Gestion G5 Inc. In 2001 he was named Chief Financial Executive of the year by Canadian Business and in 2004 received an honorary doctorate from Université du Québec de Chicoutimi.
About Bertrand Leboeuf
Mr. Bertrand Leboeuf is a graduate in administration from Concordia University. He has been involved in real estate development, construction and commercial and residential renovations. Mr. Leboeuf is also at the head of many large developments in Montreal for industrial buildings, commercial buildings and condominiums (two of which were recipients of a first place prize by the Quebec Construction Association). In the hospitality industry, Mr. Leboeuf has built, developed and is currently owner of many hotels in Montreal under the prestigious Marriott banner. He has also been active on the Board of many private companies over the years and is the president of several companies operating in the construction, real estate development and hospitality industries in the Greater Montreal region. Moreover, since 2010, Mr. Leboeuf has been the owner and manager of a company in data processing and logistics.
Additional information regarding the Company is available on SEDAR www.sedar.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo’s solutions also enable impacting the major consumer market by easily integrating them with our partners’ technological solutions. AtmanCo is also the owner of RNIS Telecommunications inc (‘VoxTel’) which owns the online dating site Quebec Rencontres as well as offering various interactive and billing wireless and landline telephone solutions.
AtmanCo Completes a $236,000 Private Placement of Units
AtmanCo Inc. (“AtmanCo” or the “Company”) (TSX VENTURE: ATW) is pleased to announce the closing of a private placement consisting of the issuance of 2,776,471 units at a price of $0.085 per unit, for total gross proceeds of $236,000. Each unit consists of one common share and one-half of one common share purchase warrant, each whole warrant giving the holder the right to subscribe for one common share at a price of $0.15 from a period of 2 years.
The securities issued under this private placement are subject to a four-month hold period. This private placement remains subject to the approval of the TSX Venture Exchange.
Additional information regarding the Company is available on SEDAR www.sedar.com. The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo’s solutions also enable impacting the major consumer market by easily integrating them with our partners’ technological solutions. AtmanCo is also the owner of RNIS Telecommunications inc (‘VoxTel’) which owns the online dating site Quebec Rencontres as well as offering various interactive and billing wireless and landline telephone solutions.
Contacts:
AtmanCo Inc.
Michel Guay
Founder, president and CEO
514.935.5959 ext. 301
mguay@atmanco.com
www.atmanco.com
Simon Bedard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
© 2017 Canjex Publishing Ltd. All rights reserved.
AtmanCo acquisition of VoxTel, Informationtelcharge
The TSX Venture Exchange has accepted for filing the documentation relating to an arm’s-length agreement for the acquisition of all the issued and outstanding shares of 9136-2897 Quebec Inc. (VoxTel) and Informationtelcharge, in consideration of a total purchase price of $3-million, including $1.45-million cash at closing, the assumption of a $200,000 line of credit, $600,000 as a balance of sale payable over five years starting six months after closing, and the issuance at closing of 5,612,514 common shares and 5,101,771 subscription receipts convertible into common shares having an aggregate deemed value of $750,000. Each subscription receipt is convertible into a common share, without payment of any further consideration, if, following that conversion, the holder would hold (directly or indirectly) less than 10 per cent or more of the company’s common shares, including those held by joint actors.
For further information, please refer to the company’s press releases dated June 9, Sept. 27 and Oct. 6, 2016.