Timia Capital Corp

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TIMIA’s business model is delivering two distinct returns that help drive shareholder value: High Yield Interest Income and Active Industry Investments. TCA:CA

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Timia Capital Corp

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TIMIA’s business model is delivering two distinct returns that help drive shareholder value: High Yield Interest Inco......

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8020Admin

17 days

8020Admin posted a press release TIMIA Announces Two Investments Totalling US$4 Million in Revenue Financing in TIMIA CAPITAL CORP


~Increased Ability to Deploy Capital Drives Increased Assets Under Management and Related Revenue~

VANCOUVER, BC / ACCESSWIRE / June 19, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V: TCA / OTC PINK: TIMCF) announced that it has entered into two investment facilities for Western U.S.-based companies totalling US$4 million. The financing facilities comprise transactions with initial disbursements of $750,000 and $500,000 respectively, which have been advanced, and a further US$2,750,000 to be disbursed upon certain milestones being met over the remaining terms of the agreements.


"Our investment pace reflects the recent efforts we have made to optimize our technology and funding platform," said Greg Smith, CIO of TIMIA. "Our hard work is paying off, and we're increasingly able to respond and deploy funds to high growth companies who benefit from quick access to non-dilutive capital."


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. As part of TIMIA's revenue financing solution, it advances capital to a SaaS business in exchange for monthly payments that are a combination of principal and interest, with a repayment schedule sculpted to the portfolio company's revenue. The amounts advanced are secured and may be repaid early. The Company 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 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 $1 Million to $10 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 further disbursements upon the completion of certain milestones, increased ability to deploy capital leading to increased assets under management and revenue, 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.


SOURCE: TIMIA Capital Corporation


View source version on accesswire.com:
https://www.accesswire.com/549193/TIMIA-Announces-Two-Investments-Totalling-US4-Million-in-Revenue-Financing

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8020Admin

2 months

8020Admin posted a press release TIMIA Capital Announces Results from Annual Shareholder Meeting in TIMIA CAPITAL CORP

VANCOUVER, BC / ACCESSWIRE / May 14, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA) today announced the results of its 2019 Annual Shareholder Meeting ("AGM") with unanimous support for all ballot items.


Approximately 54% of the total outstanding shares were represented at the AGM with a unanimous vote in favor for all three items including the election of directors. TIMIA is delighted to welcome Jan Lederman, Paul Geyer and Robert Napoli to the board. They join incumbent directors Howard Atkinson, David Demers, Thealzel Lee and Mike Walkinshaw.


Subsequent to the AGM, the Board of TIMIA authorized the issuance of 1,100,000 share options to members of the management team, employees, and board members. The options have a term of 5 years and an exercise price of $0.215.


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 $1 Million to $10 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.


SOURCE: TIMIA Capital Corporation




View source version on accesswire.com:
https://www.accesswire.com/545460/TIMIA-Capital-Announces-Results-from-Annual-Shareholder-Meeting

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8020Admin

2 months

8020Admin posted a press release TIMIA Announces US$2 Million Financing for Metazoa in TIMIA CAPITAL CORP

~Financing for California-Based Software Company Becomes Third Transaction in Two Weeks for TIMIA~

VANCOUVER, BC / ACCESSWIRE / May 10, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF) announced that it has entered into a US$2 million investment facility for Los Gatos, California, based software company Metazoa, Inc. ("Metazoa"). The financing facility includes an initial disbursement of US$600,000 which has been advanced, and a further US$1,400,000 to be disbursed upon certain milestones being met over the term of the agreement.


"We've increased our pace of investment, penning three transactions in the last two weeks," said Greg Smith, CIO of TIMIA. "We look for great companies, like Metazoa, who continue to grow their business and see the benefit of non-dilutive capital as a funding mechanism for this growth."


"Metazoa has been growing due to the clear market need for Salesforce release and Org management solutions," said Jennifer Mercer, CEO at Metazoa. "We were seeking non-dilutive investment options to help fuel our growth and TIMIA's revenue financing approach was the perfect fit for us. The team was a pleasure to work with and the deal was done within weeks."


See Mike Walkinshaw, CEO of TIMIA, discuss the Metazoa Transaction through a Proactive Investors interview with Steve Darling: https://youtu.be/WqwdYCFBVAU


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company 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 Metazoa


Located in California, Metazoa is dedicated to building, marketing, supporting, and selling Snapshot, the world's finest Change and Release Management application for Salesforce. Metazoa was founded in 2018 by key members of DreamFactory Software. The team built the first AppExchange application back in 2006, and has constantly improved Snapshot for over 10 years. Metazoa can help you establish a Change and Release Management practice, and they have a lot of experience with specific technical issues regarding the Metadata API. Designed for Salesforce administrators, Snapshot is the ultimate tool for org cleanup, reporting, auditing, comparison and lifecycle management. Features include metadata migration from sandbox to production, reporting on compliance and security, continuous integration, and Salesforce DX compatibility. Snapshot is available as a managed package on the AppExchange. The link for the AppExchange listing is https://appexchange.salesforce.com/appxListingDetail?listingId=a0N300000016YhyEAE


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 $1 Million to $10 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 further disbursements upon the completion of certain milestones 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

2 months

8020Admin posted a press release TIMIA Announces US$3 Million Financing for TransitScreen in TIMIA CAPITAL CORP

TIMIA's US expansion continues with Washington, DC-based Software Company

VANCOUVER, BC / ACCESSWIRE / May 2, 2019 / TIMIA Capital Corporation ('TIMIA' or the 'Company') (TSX-V: TCA/OTC: TIMCF) announced that it has entered into a US$3 million investment facility for Washington, DC based software company TransitScreen, Inc. ('TransitScreen'). The financing facility includes an initial disbursement of US$1,000,000, which has been advanced, and a further US$2,000,000 to be disbursed upon certain milestones being met over the term of the agreement.


'TransitScreen has built a capital efficient business with great customer and revenue growth,' said Greg Smith, CIO of TIMIA. 'They see the value of retaining ownership of their destiny and we're happy to provide flexible and non-dilutive capital that meets their needs.'


'We looked at a variety of venture capital- and revenue-based financing firms, but we wanted to choose someone who was the right fit for our high-growth, revenue-generating business,' said Matt Caywood, CEO of TransitScreen. 'TIMIA is an innovative investor and the right partner for our growth plans.'


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company 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 TransitScreen


TransitScreen is a Washington, DC-based software company known for its real-time displays of nearby mobility options, from public transit to bikeshare, carshare, and ridehailing services. The company works with leaders in commercial real estate and corporate workplace, such as JLL, Greystar, Cushman Wakefield, LinkedIn, Amazon, and more. In November, TransitScreen launched CityMotion, the first mobility app for business commuters. For further information, please visit us at www.transitscreen.com


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 $1 Million to $10 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 further disbursements upon the completion of certain milestones 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

2 months

8020Admin posted a press release TIMIA Capital Announces First Quarter Financial Results in TIMIA CAPITAL CORP

Record quarterly revenue and 218% increase in loan investment portfolio highlight growth and results from investments in infrastructure; TIMIA retains IR Support with Incite Capital Markets

VANCOUVER, BC / ACCESSWIRE / April 29, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V: TCA) today announced financial results for the first quarter ended February 28, 2019.


First Quarter 2019 Highlights include:



  • Record revenue of $570,563 up 58% over the same period last year.

  • Assets under management grew 26% to $14,617,521 compared with the same period last year.

  • Adjusted EBITDA* of $111,154 compared with an Adjusted EBITDA of $359,135 for the same period last year. The latter reflecting the gain on investment in Q1 of 2018.

  • TIMIA's loan investment portfolio (Loans receivable) increased 218% to $13,026,861 compared to $5,964,085 in the same period last year.

  • A net loss of $0.01 per share or $255,480 compared with a net income of $133,108 in the same period last year. Similar to Adjusted EBITDA results, Q1 2018 results reflect the gain on investment during the quarter.


"Our investments in infrastructure and deal generation continue to pay off with record revenue and 218% increase in loan book," said Mike Walkinshaw, CEO of TIMIA. "We're seeing an increase in private credit opportunities in the software space as the fintech marketplace evolves and drives more capital towards exciting SaaS companies."


"We've recently increased our assets under management by 55% through a non-dilutive limited partnership structure that allows us to scale up and increase revenue by putting more capital to work. We have cash on our balance sheet and expect to put it to work in the near term for SaaS companies currently in our backlog of funding opportunities."


Detailed Financial Review


During the quarter ended February 28, 2019, the Company continued to grow its revenue financing ("RF") business by completing US$3,000,000 and CDN$2,000,000 of new loan facilities. The Company's revenue is principally interest income generated under the Company's RF model. Interest income in the quarter ended February 28, 2019 was a record $510,330 compared with $339,154 in the same period last year, an increase of 50%. As the Company makes new investments, the number of monthly payments derived from the portfolio grows. Income from transaction and other fees was $60,233 in the three months ended February 28, 2019 compared to $21,025 in the same period last year. Total revenue for the three months ended February 28, 2019 increased 58%, to $570,563 compared to $360,179 for the three months ended February 28, 2018. The chart below highlights the Company's revenue growth since Q1 of 2015.



TIMIA continues to build the value and size of its portfolio by making new investments and follow-on investments in existing portfolio companies, and actively assisting the portfolio companies with their growth plans. During the quarter ended February 28, 2019, TIMIA benefited from increased payments (combined principal and interest) as a result of the revenue growth of its underlying portfolio. At the same time, the Company is investing to support future growth.


Total expenses for the quarter ended February 28, 2019 were $712,406 compared with $585,605 for the same period last year. The increase in expenses was primarily related to increases in deal generation and related communications, accounting and legal, and investor relations. The remaining expense increase reflects the Company's investment in infrastructure and brand awareness to support future growth noted above.


Adjusted EBITDA for the quarter ended February 28, 2018 is $111,154 compared with an Adjusted EBITDA of $359,135 for the same period last year. The change in Adjusted EBITDA primarily reflects the gain on investments in Q1 2018 compared with Q1 2019 without these gains on investments.


During the quarter ended February 28, 2019, the Company posted a net loss of $255,480 compared with a net income of $83,106 for the last fiscal quarter. The change in results are primarily due to the Company recognizing a gain on investments of $308,903 in Q1 2018 comprising a realized gain on the successful exit on iCompass Technologies Inc.


As at February 28, 2019, the Company's cash balance was approximately $670,105 and working capital was approximately $668,871.


TIMIA Retains Incite Capital Markets


To ensure regulatory compliance with TSX-V policy 3.4 related to Investor Relations Activities, TIMIA announces the engagement of Incite Capital Markets Inc. ("Incite") for Investor Relations and related services. Certain principals and executives of Incite own approximately 6% of TIMIA's outstanding shares. Incite's President, Darren Seed, is an employee of TIMIA and holds the position of Vice President, Capital Markets & Communications. The initial term of Incite's engagement is six months. No consideration is payable to Incite under the terms of the engagement as all compensation will be paid directly to Incite's service providers on the terms and in the amounts agreed between the Company and each individual service provider.


Incite Capital Markets is an independent, innovative and trusted capital markets advisory corporation. Built on a proven track record of over 20 years experience helping companies achieve the best results possible, Incite provides expertise in capital markets, corporate communications, and investor and media relations. In addition to strategic insights, Incite invests in small to mid-size technology companies. This unique and specialized synergy where corporate finance and communications meet, is an advantage for any company looking to elevate their profile.


TIMIA's business model is delivering two distinct returns that help drive shareholder value:



  1. High yield interest income, as a result of the successful performance of TIMIA's underlying investments, delivers a stream of profitable cash flow that has been growing, as TIMIA's asset base grows.

  2. TIMIA is investing in high-quality companies in an active industry. As a result, we've seen successful early exits in investee companies delivering periodic gains manifesting in profitable quarters. At the same time, TIMIA is focused on investing in new and exciting opportunities to support longer term profitability.


This news release is qualified in its entirety by the Company's condensed interim financial statements for the three months ended February 28, 2019 and 2018 and the associated Management's Discussion & Analysis respecting the same period, which can be downloaded from the Company's profile on SEDAR at http://www.sedar.com.


*Non-GAAP Measures and Other Financial Measures


In managing our business and assessing our financial performance, we supplement the information provided by the financial statements presented in accordance with GAAP with metrics and non-GAAP financial measures which are utilized by our management to evaluate our performance. Although we believe these measures are widely used in the specialty finance industry, some may not be defined by us in precisely the same way as by other companies in the specialty finance industry, so there may not be reliable ways to compare us to other companies. Adjusted EBITDA represents net loss and comprehensive loss from continuing operations (the most directly comparable GAAP measure) excluding amounts for: income tax expense; interest expense; depreciation and amortization; equity-based compensation; and all other non-cash expenses. We believe Adjusted EBITDA is a helpful measure because it allows us to evaluate our performance by removing from our operating results items that do not relate to our core operating performance. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered in isolation or as a substitute for net loss and comprehensive loss from continuing operations, the most directly comparable GAAP financial measure. Adjusted EBITDA is not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies unless the definition is the same.


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 $1 Million to $10 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 expectations as to putting capital to work in the near term for SaaS companies, TIMIA continuing to build the value and size of its portfolio and growing cashflow. 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.


SOURCE: TIMIA Capital Corp.

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8020Admin

2 months

8020Admin posted a press release TIMIA Enters into $2 Million Financing Facility with Echosec in TIMIA CAPITAL CORP

~Established Customer Base and Revenue Growth a Great Match for TIMIA's Non-Dilutive Capital Solution~

VANCOUVER, BC / ACCESSWIRE / April 24, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA / OTC:TIMCF) today announced that it has entered into a three year, $2 million investment facility for Victoria, BC-based software company, Echosec Systems Inc., ("Echosec"). The initial disbursement amount of $1 million has been advanced and a further $1,000,000 is to be disbursed upon certain milestones being met over the term of the agreement.


"Our flexible capital structure allows Echosec to increase their marketing and sales efforts to expand within their existing market, and explore new promising opportunities," said Greg Smith, CIO of TIMIA. "We're providing growth capital to a great company who understand how to provide value and service through their software with established customers ranging from small business to enterprise."


"The cost of capital includes critical factors such as dilution, debt servicing and access to more capital as we scale," said Karl Swannie, CEO of Echosec. "Finding flexible and non-dilutive financing solutions was our goal, and TIMIA provided the capital within a framework that worked for us and our team. We look forward to working with TIMIA going forward as a financial partner."


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company 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 Echosec Systems Inc.


Echosec is a web-based data discovery platform that helps organizations detect online data for threat intelligence. Aggregating and mapping content from hundreds of sources including social media, blogs, news, and the Dark Web (with Beacon), Echosec gives users instant visibility into any place on earth through a digital window. Echosec uses machine learning technology to recognize Images and keywords so users get notified when specific content is posted. Beacon is the newest service offering from Echosec, and is a dark web search platform. For more information, please visit: https://www.echosec.net.


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 $1 Million to $10 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


Paula Hingley
Director of Marketing & Communications
Echosec
250.213.9916
paula@echosec.net


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 further disbursements upon certain milestones being met over the term of the agreement 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

3 months

8020Admin posted a press release TIMIA Announces AGM Date and New Nominees to Board of Directors in TIMIA CAPITAL CORP

~Board nominees include Paul Geyer, Jan Lederman & Robert Napoli; Michael Volker and James Pratt to retire from the Board~

VANCOUVER, BC / ACCESSWIRE / April 17, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA / OTC: TIMCF) today announced that its Annual General Meeting will be held on May 14th at 10:00am, at Room C300, 800 Robson Street, Vancouver, BC. Matters to be addressed at this AGM include changes to the composition of the Board of Directors and re-appointment of the auditors.


Jan Lederman, of Valhalla Private Equity, Paul Geyer, of Discovery Parks and Nimbus Synergies, and Robert Napoli, of Promerita Capital Partners, have been nominated to TIMIA's Board of Directors and have been added to the Company's slate of Directors at its upcoming AGM in May. Mike Volker, Chairman of the Board of Directors, and James Pratt will not be standing for re-election and are retiring from the Board to pursue other interests. It is expected that Howard Atkinson, a current director, will be appointed by the Board to the Chairman position following the AGM.


"TIMIA is at a key inflection point of its growth, and Paul, Jan and Robert will strengthen our board through this next phase of the Company's evolution," said Mike Walkinshaw, CEO of TIMIA. "These new board members bring executive experience from private equity organizations, U.S. public companies, and technology lending, making them a great strategic fit for the Board of TIMIA."


Further information on the full Board slate can be obtained in the Information Circular, which has been filed on SEDAR.


"Michael Volker's deep expertise and experience in the Canadian private technology company eco-system has been invaluable," added Walkinshaw. "His leadership role in local, national and international angel associations, as well as other angel investment organizations, has provided deep insights into the current status of the private technology company eco-system."


"James Pratt provided experience and deeply-valued counsel to TIMIA over the past 6 years," said Walkinshaw. "His financial and operational guidance, through acting as CFO for most of that period, has created value for our shareholders. We wish both Michael and James the very best in their new adventures."


Biography of New Directors


Jan Lederman


Jan is a Co-Founder & President of Valhalla Private Equity and a Director at Genome Canada. She is a past Chair of the Board of Governors at the University of Manitoba; retired senior partner at Thompson Dorfman Sweatman, LLP; and a co-founder of Innovate Manitoba, a private sector led non-profit formed to drive innovation, accelerate startup growth, and stimulate access to capital in Manitoba. Jan is an active angel investor and a Director of a number of startups. Jan practiced business law for 30 years and retired as a partner of Thompson Dorfman Sweatman LLP in 2015. In practice, Jan focused on mergers and acquisitions, divestitures, startups, investment, and finance. Jan was for many years named to the Best Lawyers in Canada in Mergers and Acquisitions Law and Leveraged Buy-Outs and Private Equity Law. In addition to her Bachelor of Arts and Juris Doctor, Jan holds a Certificate from the Program on Negotiation at Harvard Law School and a Blue Belt in Innovation Engineering. Jan was awarded the Queen Elizabeth Diamond Jubilee Award in 2012 and the Queen Elizabeth Golden Jubilee Award in 2002 in recognition for her contributions to the community. In 2018 she was honoured with the Distinguished Alumni Award of Excellence by the University of Manitoba.


Paul Geyer


Paul Geyer is a successful Medtech Entrepreneur, experienced Board member, Angel Investor and Venture Capitalist. Over the past 27 years as an investor and serial entrepreneur, Paul has built several successful companies, including Mitroflow International Inc., Neovasc Inc. and LightIntegra Technology Inc. Paul is well known for his work supporting and mentoring entrepreneurs and future leaders of the tech industry. His passion for giving back is seen in the many board roles he has held, including: Administrative Chair, LightIntegra Technology Inc.; Chairman of the Board, Neovasc Inc.; G7 Fellow, Creative Destruction Labs – CDL West; Board of Directors, Entrepreneurship at UBC; Board of Directors, BCTECH; Advisory Council Member, UBC Engineering, Applied Science; and Industry Advisory Council, UBC Electrical Engineering department. In 2010 Paul was awarded the British Columbia Angel Investor of the year, and in 2011 he received the BC Life Sciences Leadership Award. He holds a B.A.Sc, Electrical Engineering from The University of British Columbia (1983 – 1988) and Certified Director, Certified Director Program, UCLA Anderson School of Management (2006), Canadian Securities Course (1988).


Robert Napoli


Robert is co-founder and managing director of Promerita Capital Partners, and has twenty years of experience in corporate finance and investment. For the past fourteen years, Robert has focused on subordinated debt, mezzanine and equity investing. He has completed over 80 deals across various industries, including buyouts, acquisitions and growth financing. Prior to Promerita Group, Robert was co-founder and vice president of First West Capital, an institutionally backed subordinated debt and mezzanine finance provider for small and medium sized companies. Robert previously held executive roles in investment management and corporate finance with other leading global and regional firms including Vancity Capital & PricewaterhouseCoopers. Robert is the past President of the Association for Corporate Growth (ACG), BC Chapter, the middle market deal association for corporate finance and M&A professionals. He holds two Honours Degrees in Commerce and Law from Monash University, Australia along with a Graduate Diploma in Applied Finance and Investment, is a CPA-CA in Canada and Australia and is a former adviser to the Accounting Standards Board of Canada (AcSB) on Accounting Standards for Private Enterprises (ASPE).


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 $1 million to $10 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 the expected appointment of Howard Atkinson to the Chairman position. 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

4 months

8020Admin posted a press release TIMIA Capital Announces Year End and Fourth Quarter Financial Results in TIMIA CAPITAL CORP

~ Record annual revenue and asset growth top previous years' results ~

VANCOUVER, BC / ACCESSWIRE / March 15, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA) today announced financial results for the fourth quarter and year ended November 30, 2018.


2018 Annual Highlights include:



  • Record revenue of $1,738,239, up 67% over prior year.

  • Included in total revenue, interest income from investments increased 58% to $1,521,999 compared with last year.

  • Total assets grew over 61% to $14.6 million compared with the prior year. Cash balance, as part of assets, was $3,749,949 compared with $713,792 as at November 30, 2017.

  • A significant increase in net income resulted in a net income of $18,838 compared with a net loss of $197,620 in the prior year.

  • Gain on investments was up $1,194,175 to $1,582,906 for the year ended November 30, 2018 compared with a $367,827 gain on investments in the prior year.

  • Adjusted EBITDA* increased 539% or $1,087,860 to $1,335,573 compared with an Adjusted EBITDA of $247,713 for the prior year.

  • Net earnings per share were breakeven compared with a $0.01 loss per share in the prior year.

  • TIMIA's loan investment portfolio (Loans receivable) increased 37% to $9,680,390 compared to $7,075,608 in the prior year period.


Fourth Quarter 2018 Highlights Include:



  • Record quarterly revenue of $501,129, up 60% compared to the same period last year.

  • TIMIA put a $2,000,000 revenue financing facility in place for FormHero Inc. with an initial disbursement of $1,000,000.

  • TIMIA provided Aprio Inc. with a $1,000,000 facility with an initial advance of $400,000.

  • TIMIA invested an additional $500,000 in Paltech Solutions dba 7Geese Inc. for a total investment of $1,5000,000 after the company met key milestone.

  • TIMIA expanded to the US providing a USD $2,500,000 financing arrangement with Texas-based software company, RealSavvy, Inc. and a first disbursement of USD $1,000,000.

  • TIMIA closed $1,000,000 in non-dilutive capital with a co-investment from Manitou Investment Management Ltd.

  • Adjusted EBITDA loss of $100,347 compared with an Adjusted EBITDA of $16,533 for the prior year period.


"For the second year in a row, we achieved record growth in revenue and assets under management and have reshaped our business for 2019," said Mike Walkinshaw, CEO of TIMIA. "Our pipeline of software as a service or SaaS companies increased significantly as the number of new transactions more than doubled in 2018 in comparison to 2017. We enjoyed working with some great entrepreneurs in 2018 and look forward to helping support the growth of more SaaS companies in 2019."


Detailed Financial Review
During the year ended November 30, 2018, the Company continued to grow its revenue-financing ("RF") business by completing eleven RF investments as well as successfully exiting four investments from its loan portfolio and another from its equity portfolio. The Company's revenue is primarily interest income generated under the Company's RF model. Interest income in the year ended November 30, 2018 was a record $1,521,999 compared to $960,545 in the prior fiscal year.


The 58% increase in interest income is driven from two sources:



  1. As the Company makes new investments, the number of monthly payments derived from the portfolio grows.

  2. Under the RF structure, as the revenue of the underlying portfolio grows, the investees make larger blended interest and principal payments to the Company.


Income from transaction and other fees was $216,240 in the year ended November 30, 2018 compared to $80,350 in the prior fiscal year, resulting in a record total revenue of $1,738,239.


TIMIA continues to build the value and size of its portfolio by making new investments and follow-on investments in existing portfolio companies, and actively assisting in their growth plans. Furthermore, management expects the payment amounts to increase over time as both new and follow-on investments are made and as payments increase from the underlying portfolio. During the year ended November 30, 2018, TIMIA benefited from increased payments (combined principal and interest) as a result of the strong revenue growth of its underlying portfolio. At the same time, the Company increased its investments in infrastructure, including key staff and brand awareness.


Total expenses for the year ended November 30, 2018 were $2,873,167 compared with $1,604,823 for the prior year. The increase in expenses was primarily related to the increase in interest expense ($791,893 of the $2,873,167) resulting from the issuance of debentures with warrants. The remaining expense increase reflects the Company's investment in infrastructure, public market and brand awareness.


Adjusted EBITDA increased 1,087,860 to $1,335,573 for the year ended November 30, 2018 compared with an Adjusted EBITDA of $247,713 for the prior year. The increase in Adjusted EBITDA is primarily due to the significant increase in interest income.


During the year ended November 30, 2018, the Company posted net earnings of $18,838 compared with a net loss of $197,620 for the last fiscal year. The increase in net income is primarily due to an approximate 58% increase in interest income over the last fiscal year and the Company recognizing a gain on investments of $1,582,906. The gain on investments comprises recognized gains from the successful exits of Rise People Inc., iCompass Technologies Inc., QuickMobile Inc., Beanworks Solutions Inc., and Mazza Innovation Ltd.


As at November 30, 2018, the Company's cash balance was $3,749,949 and working capital was $3,614,268 compared to $713,792 and $1,160,034 respectively as at November 30, 2017. Subsequent to year end, the Company increased cash resources by over $8.7 million by establishing and funding a Limited Partnership.


TIMIA's business model is delivering two distinct returns that help drive shareholder value:



  1. High yield interest income, as a result of the successful performance of TIMIA's underlying investments, delivers a growing stream of profitable cash flow, as TIMIA's asset base grows.

  2. TIMIA is investing in high-quality companies in an active industry. As a result, we've seen successful early exits in investee companies such as Rise People Inc., iCompass Technologies Inc., QuickMobile Inc., Beanworks Solutions Inc. delivering periodic gains manifesting in profitable quarters in the near term. At the same time, TIMIA is focused on investing in new and exciting opportunities to support longer term profitability.


*Non-GAAP Measures and Other Financial Measures
In managing our business and assessing our financial performance, we supplement the information provided by the financial statements presented in accordance with GAAP with metrics and non-GAAP financial measures which are utilized by our management to evaluate our performance. Although we believe these measures are widely used in the specialty finance industry, some may not be defined by us in precisely the same way as by other companies in the specialty finance industry, so there may not be reliable ways to compare us to other companies. Adjusted EBITDA represents net loss and comprehensive loss from continuing operations (the most directly comparable GAAP measure) excluding amounts for: income tax expense; interest expense; depreciation and amortization; equity-based compensation; and all other non-cash expenses. We believe Adjusted EBITDA is a helpful measure because it allows us to evaluate our performance by removing from our operating results items that do not relate to our core operating performance. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered in isolation or as a substitute for net loss and comprehensive loss from continuing operations, the most directly comparable GAAP financial measure. Adjusted EBITDA and is not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies unless the definition is the same.


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 $1 million to $10 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.


Disclaimer for 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 expectations as to payment amounts in portfolio companies increasing and the growing stream of profitable cash flow as TIMIA's asset base grows. 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, the regulated nature of the industry in which the Company operates, intense competition in all aspects of business, reliance on limited management resources, general economic risks, new laws and regulations, risk of litigation, and volatility of the price of the Company's common shares. 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

4 months

8020Admin posted a press release TIMIA Announces Significant Transaction with $10.5 Million Limited Partnership in TIMIA CAPITAL CORP

~TIMIA Broadens Fintech Platform through non-dilutive capital structure and significantly increases investment capacity~

VANCOUVER, BC / ACCESSWIRE / March 11, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V: TCA / OTC PINK: TIMCF) today announced the formation and structure of $10.5 million in TIMIA's first Limited Partnership ("LP"). External investors will invest $7.6 million in the LP with TIMIA retaining a $2.4 million interest. Additional subscription agreements totaling $500,000 have been received and are expected to close shortly for a total LP value of $10.5 million. The LP, TIMIA Capital 1 Limited Partnership, will be governed under the terms of a limited partnership agreement with TIMIA Capital GP Inc., a wholly owned subsidiary of TIMIA, acting as the LP's General Partner ("GP").


Existing financing agreements with TIMIA's portfolio of SaaS companies, representing approximately $8.2 million in value will be transferred into the LP with related monthly payments being distributed, after deduction of fund expenses, to LP unit holders, including TIMIA, on a monthly basis. The remaining $2.3 million will be invested in SaaS companies through TIMIA's fintech platform and proprietary investment algorithms. In exchange for transferring the loan facility future cash flows into the LP, TIMIA will receive $5.8 million in cash on its balance sheet, and a $2.4 million interest in the LP.


Transaction Highlights Include:



  • Accretive to the Company with no dilution to the shareholders,

  • TIMIA Capital will retain at least a 20% interest in the LP, thus still participating in a proportionate share of the revenue from the current investment portfolio while increasing its consolidated cash position to approximately $8.7 million

  • Assets under management go from approximately $15 million to approximately $23 million, representing roughly a 55% increase,

  • TIMIA will receive a 1.5% servicing fee to manage the LP as its GP,

  • TIMIA will receive a performance fee based upon the profit of the LP for the life of the fund, subject to investors achieving their preferred return first

  • TIMIA will have approximately $8.7 million of new capital to invest in SaaS companies in North America


"This transaction is a significant milestone for the Company and its shareholders and reflects the confidence of investors in our strategy and ability to source quality investments," said Mike Walkinshaw, CEO of TIMIA. "Prior to the LP, TIMIA has raised approximately $10 million in total capital and have been able to execute $17 million of transactions. We've leveraged our proprietary lending algorithms and related software to efficiently generate deal flow and deliver stronger than industry average returns."


"According to data collected from pitchbook.com, the market size for loans to North American Software companies generating approximately $1 million to $10 million in revenue represents $14 billon and is growing at over at 25% per year. With this in mind, we felt that this was the right time to raise capital and expand our fintech platform. We're moving quickly into new geographies and, as a result, expect this capital will be quickly deployed in companies where our capital can speed growth."


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company 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 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 $1 million to $10 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 the closing of the LP transaction, TIMIA's ownership of LP units, future administration fee payments and carry on LP funds per year, further investments in SaaS companies with the remaining $2M and expectations regarding moving into new geographies, the quick deployment of capital and 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

4 months

8020Admin posted a press release TIMIA Completes $2 Million Financing for BasicGov in TIMIA CAPITAL CORP

~Efficient and Focused Government Solution Built on the Salesforce.com Platform Selects TIMIA for Flexible Growth Capital~

VANCOUVER, BC / ACCESSWIRE / March 4, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA) today announced that it has entered into a 3 year, $2 million investment facility for Vancouver-based software company, BasicGov Systems, Inc. ("BasicGov"). The full financing amount of $2 million was advanced Friday March 1st.


"We're providing flexible growth capital and supporting the team at BasicGov to help accelerate their revenue growth," said Greg Smith, CIO of TIMIA. "The team has done a great job of building a much needed, efficient and focused government solution built on the Salesforce.com platform. It is an honor that BasicGov chose TIMIA to support them on their path to increasing annual recurring revenue."

"The team at TIMIA offered a solution that was the right fit for us," said Mike Togyi, CEO of BasicGov. "Finding flexible and non-dilutive financing solutions to help us to continue our 40%+ growth is not easy in the software as a service or SaaS sector. We look forward to partnering with TIMIA through the course of our financing facility with them."

TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company 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 BasicGov Inc.


BasicGov enables Governments of all sizes to transform how they do business. BasicGov is a comprehensive cloud-based operations management platform that enables state and local governments to modernize licensing and regulation, land management, and community development operations so they can cut costs while ensuring the efficient delivery of quality services to citizens. We are proud to host critical operations for public agencies such as the Region of Peel, Orange County, New York City and US states that include Washington, Ohio, Arizona and Colorado to name a few. For more information please visit www.basicgov.com.


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 $1 Million to $10 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 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

7 months

8020Admin posted a press release TIMIA Capital Closes $1.345M Private Placement of Series E Debenture Units in TIMIA CAPITAL CORP

VANCOUVER, BC / ACCESSWIRE / December 13, 2018 / TIMIA Capital Corporation (TSX-V:TCA /OTC:TIMCF) ("TIMIA" or the "Company") today announced a private placement ("Private Placement") closing of $1.345M of Series E debenture units ("Units") at a price of $100 per Unit. Each Unit is comprised of one $100 face value secured non-convertible debenture ("Debenture") and includes warrants representing 10% coverage ("Warrants"). The Debentures bear an interest rate of 12% per annum, payable quarterly in arrears, have a term of 5 years from November 30, 2018 and will be secured against the assets of the Company. The Warrants are exercisable for 5 years from November 30, 2018 at a price of $0.30 per share. TIMIA will use these proceeds, from both new and existing accredited investors, to expand its growing portfolio of revenue financing investments.


The Private Placement resulted in the issuance of 13,450 Debentures and 448,333 Warrants. A total commission of $28,700 and 95,666 broker warrants, exercisable at $0.30 with a 2 year term, were paid as part of this transaction.


All of the securities sold pursuant to the Private Placement are subject to a four-month hold period.


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 $1 Million to $10 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 the proposed use of proceeds from the Private Placement. 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

8 months

8020Admin posted a press release TIMIA Capital Closes $1,000,000 in Non-Dilutive Capital Through Co-Investment Platform from Manitou Investment Management Ltd via its Total Return Yield Fund in TIMIA CAPITAL CORP

~Manitou Total Return Yield Fund Returns for Third Investment in 2018~


VANCOUVER, BC / ACCESSWIRE / October 31, 2018 / TIMIA Capital Corporation (TSX-V:TCA /OTC:TIMCF) ("TIMIA" or the "Company") today announced the closing of $1 Million in non-dilutive capital through the Company's Co-Investor platform. The Toronto-based Manitou Investment Management Ltd via its Total Return Yield Fund ("Manitou") had previously invested $2.5 million in TIMIA's underlying portfolio of private software companies bringing their total commitment as a Co-Investor to $3.5 Million since January of this year.


TIMIA's Co-Investor platform allows qualified investors to purchase a specified percentage of future cash flows from TIMIA's current portfolio companies, thereby increasing the amount of non-dilutive capital available to the Company, and creating accretive value for shareholders. As part of TIMIA's active management process, TIMIA will retain control, title and security position over the underlying portfolio investments.


"We appreciate Manitou's support and have been happy to generate positive returns for them through the combination of payments from our underlying portfolio and successful exits from a portion of our investments," said Mike Walkinshaw, CEO of TIMIA. "This capital allows us to maintain the increased pace of investments into SaaS companies in North America, driving further growth in our assets and revenue."


The Co-Investor's yield will fluctuate relative to the performance of the underlying investments. TIMIA has made fifteen investments into private software companies or software as a service (or SaaS) companies since inception in 2015, and has successfully exited four of them, providing a combination of monthly yield and periodic gains. The Company's assets have grown 65% to more than $13.1 million in the last twelve months, both deployed in investments and in cash.


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 $1 Million to $10 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

8 months

8020Admin posted a press release TIMIA Capital Announces Third Quarter Financial Results in TIMIA CAPITAL CORP

Company Delivers Significant Year-over-year Growth in Revenue

VANCOUVER, BC / ACCESSWIRE / October 25, 2018 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V: TCA; OTC: TIMCF) today announced financial results for the third quarter ended August 31, 2018.


Third Quarter 2018 Highlights include:



  • Revenue of $399,991, up 59% over the same period last year.

  • Included in total revenue, interest income from investments increased 26% to $317,787 compared with the same period last year.

  • Total assets have increased 65% to $13.1 million compared to the same period last year. Cash balance, as part of assets, was $5,477,794 compared to $713,792 as at November 30, 2017.

  • Raised $1,750,000 in capital through the co-investment model including $1,000,000 from an existing institutional investor.

  • Adjusted EBITDA* of $109,686 compared with an Adjusted EBITDA of $97,115 for the same period last year.

  • Reported a net loss of $413,221 or $0.01 per share compared with a net income of $235,016 or $0.01 per share for the same period last year. Q3 2018 results reflect investments in deal generation to scale our business, increased public market activities, and higher interest expenses associated with the closing of new co-investments and debenture financing. Q3 2017 net income was primarily driven by a $330,301 gain in an equity investment.

  • TIMIA's loan investment portfolio (Loans receivable) increased 56% to $7,227,824 compared to $4,635,340 in the same period last year.


"We have increased the pace of investing in the private software sector where growth and returns have helped us increase our revenue by 59%," said Mike Walkinshaw, CEO of TIMIA Capital Corporation. "We finished the quarter with a strong cash balance of over $5 million and have been focused on investing the capital to help drive further returns. The Canadian market has been a great launch pad for our revenue-financing solution however, we have recently expanded into the United States to help drive our own growth and to support the U.S. SaaS market."


"It was a very busy quarter as we rebalanced investments as a result of a successful exit and invested in marketing and sales activities to help scale our business," added Walkinshaw. "We believe we're at the right scale and infrastructure now to achieve new levels of growth and, as our portfolio of SaaS investments grow, help drive shareholder value and investor returns."


TIMIA's business model is delivering two distinct returns that help drive shareholder value:



  1. High yield interest income, as a result of the successful performance of TIMIA's underlying investments, delivers a stream of profitable cash flow that has been growing, as TIMIA's asset base grows.

  2. TIMIA is investing in high-quality companies in an active industry. As a result, we've seen successful early exits in investee companies such as Rise, Beanworks and QuickMobile delivering periodic gains manifesting in profitable quarters. At the same time, TIMIA is focused on investing in new and exciting opportunities to support longer term profitability.


 


Detailed Financial Review


During the quarter ended August 31, 2018, the Company continued to grow its revenue-financing ("RF") business by completing three new investments as well as successfully exiting an existing investment. The Company's revenue is principally interest income generated under the Company's RF model. Interest income in the quarter ended August 31, 2018 increased 26% to $317,787 compared with $251,599 in the same period last year. Consulting revenue was $82,204 in the quarter ended August 31, 2018 compared to nil consulting revenue in the same period last year, resulting in total revenue of $399,991. The increase in total revenue, compared to the same period last year, is primarily due to the increase in scale in loan disbursements and a greater number of transactions leading to an increase in consulting revenue. The chart below highlights the Company's revenue growth since Q3 of 2016.



The decrease in revenue for the third quarter ended August 31, 2018 compared to the second quarter ended May 31, 2018 reflects the timing of multiple exits that have occurred over the last two quarters and their short-term impact on revenue. This same effect significantly increased the Company's cash balance and helped drive profitable gains on investments. This cash balance is actively being reinvested, including $2,000,000 in disbursements during the quarter, to reverse this revenue trend.


TIMIA continues to build the value and size of its portfolio by making new investments and follow-on investments in existing portfolio companies, and actively assisting the portfolio companies with their growth plans. At the same time, the Company is investing to support its future growth. Total expenses for the quarter ended August 31, 2018 were $747,473 compared with $382,170 for the same period last year. This amount is only marginally higher than the second quarter of 2018 as the Company invests in the business to build a scalable investment platform. Highlighted expenses have been separated into two different segments, financing and operational:


Financing Expense



  • Interest expense makes up $207,481 of the total expense amount of $747,473, an increase of $71,680 over the same period last year. The increase in interest expense is associated with new debentures with warrants.


Operational Expense



  • Marketing and sales related expenses included in Office, promotion and miscellaneous has increased as the Company invests in its deal origination engine in addition to an increase in public market activities.

  • Share-based expense was higher due to the vesting of options from an option grant on May 10, 2018 to management, and directors.


Adjusted EBITDA increased $12,571 to $109,686 for the quarter ended August 31, 2018 compared with an Adjusted EBITDA of $97,115 for the same period last year. Adjusted EBITDA is consistent with the prior year period due to the growth in cash-based operational expenses being consistent with the growth in the cash-based revenue of the organization.


During the quarter ended August 31, 2018, the Company posted a net loss of $413,221 compared with net income of $235,016 in the same period last year. As noted above, Q3 2018 results reflect investments in deal generation to scale our business, increased public market activities, and higher interest expenses associated with the closing of new co-investments and debenture financing.


As at August 31, 2018, the Company's cash balance was approximately $5.5 million and working capital was approximately $5 million compared with approximately $714K and $1.2 million respectively, as of November 30, 2017.


This news release is qualified in its entirety by the Company's condensed interim financial statements for the three and nine months ended August 31, 2018 and 2017 and the associated Management's Discussion & Analysis respecting the same period, which can be downloaded from the Company's profile on SEDAR at http://www.sedar.com.


*Non-GAAP Measures and Other Financial Measures


In managing our business and assessing our financial performance, we supplement the information provided by the GAAP-based financial statements with metrics and non-GAAP financial measures which are utilized by our management to evaluate our performance. Although we believe these measures are widely used in the specialty finance industry, some may not be defined by us in precisely the same way as by other companies in the specialty finance industry, so there may not be reliable ways to compare us to other companies. Adjusted EBITDA represents net loss and comprehensive loss from continuing operations (the most directly comparable GAAP measure) excluding amounts for: income tax expense; interest expense; depreciation and amortization; non-cash revenue; non-cash gains; equity-based compensation; and all other non-cash expenses. We believe Adjusted EBITDA is a helpful measure because it allows us to evaluate our performance by removing from our operating results items that do not relate to our core operating performance. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered in isolation or as a substitute for net loss and comprehensive loss from continuing operations, the most directly comparable GAAP financial measure. Adjusted EBITDA is not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies unless the definition is the same.


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 $1 Million to $10 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 beliefs as to the Company being at the right scale and infrastructure to achieve new levels of growth and the future reinvestment of cash balances. 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

9 months

8020Admin posted a press release TIMIA Capital Increases Portfolio with Third Investment in Thirteen days in TIMIA CAPITAL CORP

VANCOUVER, BC / ACCESSWIRE / October 23, 2018 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA) today announced that it has entered into a $1 million investment facility for Aprio Inc. ("Aprio") of Vancouver, BC. The financing facility includes an initial disbursement of $400,000, which has been advanced, and a further $600,000 to be disbursed upon certain milestones being met over the term of the agreement.


"We're excited to support Aprio's increased sales and marketing efforts with new capital," said Greg Smith, CIO of TIMIA. "Aprio has a great reputation, long track record of success and have been a great team to work with."


"We appreciated TIMIA's quick response and flexible approach to our financing needs," said Ian Warner, President & CEO, Aprio Inc. "They understood our business and provided the capital we're looking for, without the dilution of traditional equity-based funding."


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that requires the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early, triggering a bonus payment to TIMIA. The Company 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 Aprio Inc.
Aprio makes good governance simple and affordable. The Aprio board portal helps organizations large and small to efficiently run board meetings, keep directors up to date, and keep information secure. Aprio provides premium features without premium pricing, all delivered with unmatched service. Our simplicity and affordability make us the first choice of credit unions, financial institutions, crown corporations, non-profits and public companies across North America. Founded in 2003, Aprio is proud of our reputation for the best customer experience in our industry. Visit www.aprio.net to learn more.


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 $1 Million to $10 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 early repayment of loans resulting in bonus payments, further disbursements upon the completion of certain milestones 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.

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8020Admin

9 months

8020Admin posted a press release TIMIA Capital Puts $2 Million Financing Facility in Place for FormHero ~Investment provides key growth capital for Toronto software company~ in TIMIA CAPITAL CORP

Vancouver, British Columbia (FSCwire) - TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced that the Company has put in place a $2 million investment facility for FormHero Inc. (“FormHero”) of Toronto, ON. The financing facility includes an initial disbursement of $1,000,000 and a further $1,000,000 to be disbursed upon certain milestones being met over the term of the agreement.



“Our non-dilutive capital for FormHero is aimed at increasing their marketing efforts and help drive new business,” said Andrew Abouchar, Chief Credit Officer of TIMIA. “FormHero is growing rapidly in their market, and adding additional firepower to expedite their objectives just makes sense.”


“This is a great time to expand our marketing efforts,” said Ryan Kimber, Co-Founder and CEO of FormHero Inc. “TIMIA’s financing facility provides key growth capital without the dilution of traditional equity-based funding.”


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry.  The Company 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 FormHero


FormHero is a data collection platform that helps enterprise organizations turn their internal and customer-facing processes into dynamic, user-friendly smart forms.  We enable organization to rapidly digitize legacy and paper-based processes in order to provide the experience their clients desire without the need to overhaul expensive back-office systems.  With FormHero, information is validated in real-time to ensure accuracy and then automatically translated into any/all of the required documents or integrations to power the process behind the scenes.  Best of all, FormHero never persists any customers information; providing enterprises with the simplicity and scale of a cloud-based solution with the security and regulatory requirements of an on-prem installation. For more information about FormHero, please visit www.formhero.io


 


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 $1 Million to $10 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 further disbursements upon the completion of certain milestones 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.




Source: TIMIA Capital Corp. (TSX Venture:TCA)

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8020Admin

10 months

8020Admin posted a press release TIMIA Capital Increases Investment into HR Performance Management Company, 7Geese Inc. in TIMIA CAPITAL CORP

~7Geese hits key milestones triggering further investment option~


Vancouver, British Columbia (FSCwire) - TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced a further $500,000 investment in Paltech Solutions dba 7Geese Inc. (“7Geese”), of Vancouver, BC. The $500,000 investment is part of the software Company’s existing $1.5 million revenue financing facility with TIMIA, and the second disbursement in four months. This investment brings TIMIA’s accumulated disbursements to over $4.4 million in the last four months.



“We’re increasing our investments and related revenue stream while helping companies like 7Geese increase their sales and marketing efforts,” said Greg Smith, CIO of TIMIA.


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. The Company 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.


“As 7Geese enters into the growth stage, TIMIA’s financing solution will allow us to scale and reach new customers,” said Amin Palzabin, CEO of 7Geese.


 


About 7Geese


7Geese is a performance management platform which helps companies achieve more through the use of OKR goal-tracking, facilitation of 1-on-1s and employee surveys. 7Geese delivers real-time data for managers and executives to make everyday decisions on employee performance and growth. Companies using 7Geese are able to customize the way they deliver and facilitate performance reviews using the technological convenience 7Geese provides with features including: OKR goal-tracking, feedback, 1-on-1s and employee recognition.


 


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 $1 Million to $10 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.


 


Disclaimer for 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 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.




Source: TIMIA Capital Corp. (TSX Venture:TCA)

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8020Admin

10 months

8020Admin posted a press release TIMIA Capital Announces 5th Successful Exit from Revenue Finance Portfolio and Positive Impact in TIMIA CAPITAL CORP

Vancouver, British Columbia (FSCwire) - TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced that one of its revenue finance investments, Beanworks Solutions Inc. (“Beanworks”), has executed the early exit provisions of its revenue finance contract with TIMIA. TIMIA, which had invested $1,150,000 out of a $2,000,000 million facility in Vancouver, BC-based Beanworks, received an exit payment of $1,332,000.



“We’ve enjoyed working with Beanworks and supporting them through a major financing,” said Mike Walkinshaw, CEO of TIMIA. “We look forward to following their future success.”


For the 2018 fiscal year to date, this brings total gains on facility buyouts from four portfolio buyout transactions to approximately $1,400,000 or approximately $0.04 per issued and outstanding common share.


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry.  The Company 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 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 $1 Million to $10 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com


 


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 expectations regarding future 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; 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.




Source: TIMIA Capital Corp. (TSX Venture:TCA)

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8020Admin

11 months

8020Admin posted a press release TIMIA Capital Increases Investment in Wagepoint in TIMIA CAPITAL CORP

Vancouver, British Columbia (FSCwire) - TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced a further $750,000 investment in Wagepoint Inc. (“Wagepoint”) of Waterloo, ON. The $750,000 investment is part of the software Company’s existing $2 million revenue financing facility with TIMIA, and the second disbursement based on strong performance and related metrics by Wagepoint.



“Wagepoint is driving growth and delivering on strong customer metrics,” said Mike Walkinshaw, CEO of TIMIA. “We’re happy to support the team at Wagepoint with the right capital solution and to foster further growth and expansion.”


“TIMIA has been an incredible partner for Wagepoint,” said Shrad Rao, CEO of Wagepoint Inc. “Their involvement has given us the opportunity to do what is right for our business in terms of investing in areas that make the customer experience better and driving exponential growth We made the decision to go with a revenue-financing solution last year and we haven't looked back since.”


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry.  The Company 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 Wagepoint


Wagepoint helps 4,000 small business across Canada and the United States pay 30,000 employees — all with one easy, cloud-based format featuring an interface purposefully designed to pass the "my-grandma-could-use-it" sniff test. For more information on how Wagepoint makes payroll simple, fast and friendly, visit www.wagepoint.com


 


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 $1 Million to $10 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 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.




Source: TIMIA Capital Corp. (TSX Venture:TCA)

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11 months

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Timia Capital Corp

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TIMIA’s business model is delivering two distinct returns that help drive shareholder value: High Yield Interest Income and Active Industry Investments. TCA:CA

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Timia Capital Corp

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TIMIA’s business model is delivering two distinct returns that help drive shareholder value: High Yield Interest Inco......

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8020Admin

17 days

8020Admin posted a press release TIMIA Announces Two Investments Totalling US$4 Million in Revenue Financing in TIMIA CAPITAL CORP


~Increased Ability to Deploy Capital Drives Increased Assets Under Management and Related Revenue~

VANCOUVER, BC / ACCESSWIRE / June 19, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V: TCA / OTC PINK: TIMCF) announced that it has entered into two investment facilities for Western U.S.-based companies totalling US$4 million. The financing facilities comprise transactions with initial disbursements of $750,000 and $500,000 respectively, which have been advanced, and a further US$2,750,000 to be disbursed upon certain milestones being met over the remaining terms of the agreements.


"Our investment pace reflects the recent efforts we have made to optimize our technology and funding platform," said Greg Smith, CIO of TIMIA. "Our hard work is paying off, and we're increasingly able to respond and deploy funds to high growth companies who benefit from quick access to non-dilutive capital."


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. As part of TIMIA's revenue financing solution, it advances capital to a SaaS business in exchange for monthly payments that are a combination of principal and interest, with a repayment schedule sculpted to the portfolio company's revenue. The amounts advanced are secured and may be repaid early. The Company 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 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 $1 Million to $10 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 further disbursements upon the completion of certain milestones, increased ability to deploy capital leading to increased assets under management and revenue, 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.


SOURCE: TIMIA Capital Corporation


View source version on accesswire.com:
https://www.accesswire.com/549193/TIMIA-Announces-Two-Investments-Totalling-US4-Million-in-Revenue-Financing

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8020Admin

2 months

8020Admin posted a press release TIMIA Capital Announces Results from Annual Shareholder Meeting in TIMIA CAPITAL CORP

VANCOUVER, BC / ACCESSWIRE / May 14, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA) today announced the results of its 2019 Annual Shareholder Meeting ("AGM") with unanimous support for all ballot items.


Approximately 54% of the total outstanding shares were represented at the AGM with a unanimous vote in favor for all three items including the election of directors. TIMIA is delighted to welcome Jan Lederman, Paul Geyer and Robert Napoli to the board. They join incumbent directors Howard Atkinson, David Demers, Thealzel Lee and Mike Walkinshaw.


Subsequent to the AGM, the Board of TIMIA authorized the issuance of 1,100,000 share options to members of the management team, employees, and board members. The options have a term of 5 years and an exercise price of $0.215.


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 $1 Million to $10 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.


SOURCE: TIMIA Capital Corporation




View source version on accesswire.com:
https://www.accesswire.com/545460/TIMIA-Capital-Announces-Results-from-Annual-Shareholder-Meeting

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8020Admin

2 months

8020Admin posted a press release TIMIA Announces US$2 Million Financing for Metazoa in TIMIA CAPITAL CORP

~Financing for California-Based Software Company Becomes Third Transaction in Two Weeks for TIMIA~

VANCOUVER, BC / ACCESSWIRE / May 10, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF) announced that it has entered into a US$2 million investment facility for Los Gatos, California, based software company Metazoa, Inc. ("Metazoa"). The financing facility includes an initial disbursement of US$600,000 which has been advanced, and a further US$1,400,000 to be disbursed upon certain milestones being met over the term of the agreement.


"We've increased our pace of investment, penning three transactions in the last two weeks," said Greg Smith, CIO of TIMIA. "We look for great companies, like Metazoa, who continue to grow their business and see the benefit of non-dilutive capital as a funding mechanism for this growth."


"Metazoa has been growing due to the clear market need for Salesforce release and Org management solutions," said Jennifer Mercer, CEO at Metazoa. "We were seeking non-dilutive investment options to help fuel our growth and TIMIA's revenue financing approach was the perfect fit for us. The team was a pleasure to work with and the deal was done within weeks."


See Mike Walkinshaw, CEO of TIMIA, discuss the Metazoa Transaction through a Proactive Investors interview with Steve Darling: https://youtu.be/WqwdYCFBVAU


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company 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 Metazoa


Located in California, Metazoa is dedicated to building, marketing, supporting, and selling Snapshot, the world's finest Change and Release Management application for Salesforce. Metazoa was founded in 2018 by key members of DreamFactory Software. The team built the first AppExchange application back in 2006, and has constantly improved Snapshot for over 10 years. Metazoa can help you establish a Change and Release Management practice, and they have a lot of experience with specific technical issues regarding the Metadata API. Designed for Salesforce administrators, Snapshot is the ultimate tool for org cleanup, reporting, auditing, comparison and lifecycle management. Features include metadata migration from sandbox to production, reporting on compliance and security, continuous integration, and Salesforce DX compatibility. Snapshot is available as a managed package on the AppExchange. The link for the AppExchange listing is https://appexchange.salesforce.com/appxListingDetail?listingId=a0N300000016YhyEAE


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 $1 Million to $10 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 further disbursements upon the completion of certain milestones 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

2 months

8020Admin posted a press release TIMIA Announces US$3 Million Financing for TransitScreen in TIMIA CAPITAL CORP

TIMIA's US expansion continues with Washington, DC-based Software Company

VANCOUVER, BC / ACCESSWIRE / May 2, 2019 / TIMIA Capital Corporation ('TIMIA' or the 'Company') (TSX-V: TCA/OTC: TIMCF) announced that it has entered into a US$3 million investment facility for Washington, DC based software company TransitScreen, Inc. ('TransitScreen'). The financing facility includes an initial disbursement of US$1,000,000, which has been advanced, and a further US$2,000,000 to be disbursed upon certain milestones being met over the term of the agreement.


'TransitScreen has built a capital efficient business with great customer and revenue growth,' said Greg Smith, CIO of TIMIA. 'They see the value of retaining ownership of their destiny and we're happy to provide flexible and non-dilutive capital that meets their needs.'


'We looked at a variety of venture capital- and revenue-based financing firms, but we wanted to choose someone who was the right fit for our high-growth, revenue-generating business,' said Matt Caywood, CEO of TransitScreen. 'TIMIA is an innovative investor and the right partner for our growth plans.'


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company 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 TransitScreen


TransitScreen is a Washington, DC-based software company known for its real-time displays of nearby mobility options, from public transit to bikeshare, carshare, and ridehailing services. The company works with leaders in commercial real estate and corporate workplace, such as JLL, Greystar, Cushman Wakefield, LinkedIn, Amazon, and more. In November, TransitScreen launched CityMotion, the first mobility app for business commuters. For further information, please visit us at www.transitscreen.com


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 $1 Million to $10 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 further disbursements upon the completion of certain milestones 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

2 months

8020Admin posted a press release TIMIA Capital Announces First Quarter Financial Results in TIMIA CAPITAL CORP

Record quarterly revenue and 218% increase in loan investment portfolio highlight growth and results from investments in infrastructure; TIMIA retains IR Support with Incite Capital Markets

VANCOUVER, BC / ACCESSWIRE / April 29, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V: TCA) today announced financial results for the first quarter ended February 28, 2019.


First Quarter 2019 Highlights include:



  • Record revenue of $570,563 up 58% over the same period last year.

  • Assets under management grew 26% to $14,617,521 compared with the same period last year.

  • Adjusted EBITDA* of $111,154 compared with an Adjusted EBITDA of $359,135 for the same period last year. The latter reflecting the gain on investment in Q1 of 2018.

  • TIMIA's loan investment portfolio (Loans receivable) increased 218% to $13,026,861 compared to $5,964,085 in the same period last year.

  • A net loss of $0.01 per share or $255,480 compared with a net income of $133,108 in the same period last year. Similar to Adjusted EBITDA results, Q1 2018 results reflect the gain on investment during the quarter.


"Our investments in infrastructure and deal generation continue to pay off with record revenue and 218% increase in loan book," said Mike Walkinshaw, CEO of TIMIA. "We're seeing an increase in private credit opportunities in the software space as the fintech marketplace evolves and drives more capital towards exciting SaaS companies."


"We've recently increased our assets under management by 55% through a non-dilutive limited partnership structure that allows us to scale up and increase revenue by putting more capital to work. We have cash on our balance sheet and expect to put it to work in the near term for SaaS companies currently in our backlog of funding opportunities."


Detailed Financial Review


During the quarter ended February 28, 2019, the Company continued to grow its revenue financing ("RF") business by completing US$3,000,000 and CDN$2,000,000 of new loan facilities. The Company's revenue is principally interest income generated under the Company's RF model. Interest income in the quarter ended February 28, 2019 was a record $510,330 compared with $339,154 in the same period last year, an increase of 50%. As the Company makes new investments, the number of monthly payments derived from the portfolio grows. Income from transaction and other fees was $60,233 in the three months ended February 28, 2019 compared to $21,025 in the same period last year. Total revenue for the three months ended February 28, 2019 increased 58%, to $570,563 compared to $360,179 for the three months ended February 28, 2018. The chart below highlights the Company's revenue growth since Q1 of 2015.



TIMIA continues to build the value and size of its portfolio by making new investments and follow-on investments in existing portfolio companies, and actively assisting the portfolio companies with their growth plans. During the quarter ended February 28, 2019, TIMIA benefited from increased payments (combined principal and interest) as a result of the revenue growth of its underlying portfolio. At the same time, the Company is investing to support future growth.


Total expenses for the quarter ended February 28, 2019 were $712,406 compared with $585,605 for the same period last year. The increase in expenses was primarily related to increases in deal generation and related communications, accounting and legal, and investor relations. The remaining expense increase reflects the Company's investment in infrastructure and brand awareness to support future growth noted above.


Adjusted EBITDA for the quarter ended February 28, 2018 is $111,154 compared with an Adjusted EBITDA of $359,135 for the same period last year. The change in Adjusted EBITDA primarily reflects the gain on investments in Q1 2018 compared with Q1 2019 without these gains on investments.


During the quarter ended February 28, 2019, the Company posted a net loss of $255,480 compared with a net income of $83,106 for the last fiscal quarter. The change in results are primarily due to the Company recognizing a gain on investments of $308,903 in Q1 2018 comprising a realized gain on the successful exit on iCompass Technologies Inc.


As at February 28, 2019, the Company's cash balance was approximately $670,105 and working capital was approximately $668,871.


TIMIA Retains Incite Capital Markets


To ensure regulatory compliance with TSX-V policy 3.4 related to Investor Relations Activities, TIMIA announces the engagement of Incite Capital Markets Inc. ("Incite") for Investor Relations and related services. Certain principals and executives of Incite own approximately 6% of TIMIA's outstanding shares. Incite's President, Darren Seed, is an employee of TIMIA and holds the position of Vice President, Capital Markets & Communications. The initial term of Incite's engagement is six months. No consideration is payable to Incite under the terms of the engagement as all compensation will be paid directly to Incite's service providers on the terms and in the amounts agreed between the Company and each individual service provider.


Incite Capital Markets is an independent, innovative and trusted capital markets advisory corporation. Built on a proven track record of over 20 years experience helping companies achieve the best results possible, Incite provides expertise in capital markets, corporate communications, and investor and media relations. In addition to strategic insights, Incite invests in small to mid-size technology companies. This unique and specialized synergy where corporate finance and communications meet, is an advantage for any company looking to elevate their profile.


TIMIA's business model is delivering two distinct returns that help drive shareholder value:



  1. High yield interest income, as a result of the successful performance of TIMIA's underlying investments, delivers a stream of profitable cash flow that has been growing, as TIMIA's asset base grows.

  2. TIMIA is investing in high-quality companies in an active industry. As a result, we've seen successful early exits in investee companies delivering periodic gains manifesting in profitable quarters. At the same time, TIMIA is focused on investing in new and exciting opportunities to support longer term profitability.


This news release is qualified in its entirety by the Company's condensed interim financial statements for the three months ended February 28, 2019 and 2018 and the associated Management's Discussion & Analysis respecting the same period, which can be downloaded from the Company's profile on SEDAR at http://www.sedar.com.


*Non-GAAP Measures and Other Financial Measures


In managing our business and assessing our financial performance, we supplement the information provided by the financial statements presented in accordance with GAAP with metrics and non-GAAP financial measures which are utilized by our management to evaluate our performance. Although we believe these measures are widely used in the specialty finance industry, some may not be defined by us in precisely the same way as by other companies in the specialty finance industry, so there may not be reliable ways to compare us to other companies. Adjusted EBITDA represents net loss and comprehensive loss from continuing operations (the most directly comparable GAAP measure) excluding amounts for: income tax expense; interest expense; depreciation and amortization; equity-based compensation; and all other non-cash expenses. We believe Adjusted EBITDA is a helpful measure because it allows us to evaluate our performance by removing from our operating results items that do not relate to our core operating performance. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered in isolation or as a substitute for net loss and comprehensive loss from continuing operations, the most directly comparable GAAP financial measure. Adjusted EBITDA is not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies unless the definition is the same.


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 $1 Million to $10 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 expectations as to putting capital to work in the near term for SaaS companies, TIMIA continuing to build the value and size of its portfolio and growing cashflow. 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.


SOURCE: TIMIA Capital Corp.

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8020Admin

2 months

8020Admin posted a press release TIMIA Enters into $2 Million Financing Facility with Echosec in TIMIA CAPITAL CORP

~Established Customer Base and Revenue Growth a Great Match for TIMIA's Non-Dilutive Capital Solution~

VANCOUVER, BC / ACCESSWIRE / April 24, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA / OTC:TIMCF) today announced that it has entered into a three year, $2 million investment facility for Victoria, BC-based software company, Echosec Systems Inc., ("Echosec"). The initial disbursement amount of $1 million has been advanced and a further $1,000,000 is to be disbursed upon certain milestones being met over the term of the agreement.


"Our flexible capital structure allows Echosec to increase their marketing and sales efforts to expand within their existing market, and explore new promising opportunities," said Greg Smith, CIO of TIMIA. "We're providing growth capital to a great company who understand how to provide value and service through their software with established customers ranging from small business to enterprise."


"The cost of capital includes critical factors such as dilution, debt servicing and access to more capital as we scale," said Karl Swannie, CEO of Echosec. "Finding flexible and non-dilutive financing solutions was our goal, and TIMIA provided the capital within a framework that worked for us and our team. We look forward to working with TIMIA going forward as a financial partner."


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company 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 Echosec Systems Inc.


Echosec is a web-based data discovery platform that helps organizations detect online data for threat intelligence. Aggregating and mapping content from hundreds of sources including social media, blogs, news, and the Dark Web (with Beacon), Echosec gives users instant visibility into any place on earth through a digital window. Echosec uses machine learning technology to recognize Images and keywords so users get notified when specific content is posted. Beacon is the newest service offering from Echosec, and is a dark web search platform. For more information, please visit: https://www.echosec.net.


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 $1 Million to $10 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


Paula Hingley
Director of Marketing & Communications
Echosec
250.213.9916
paula@echosec.net


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 further disbursements upon certain milestones being met over the term of the agreement 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

3 months

8020Admin posted a press release TIMIA Announces AGM Date and New Nominees to Board of Directors in TIMIA CAPITAL CORP

~Board nominees include Paul Geyer, Jan Lederman & Robert Napoli; Michael Volker and James Pratt to retire from the Board~

VANCOUVER, BC / ACCESSWIRE / April 17, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA / OTC: TIMCF) today announced that its Annual General Meeting will be held on May 14th at 10:00am, at Room C300, 800 Robson Street, Vancouver, BC. Matters to be addressed at this AGM include changes to the composition of the Board of Directors and re-appointment of the auditors.


Jan Lederman, of Valhalla Private Equity, Paul Geyer, of Discovery Parks and Nimbus Synergies, and Robert Napoli, of Promerita Capital Partners, have been nominated to TIMIA's Board of Directors and have been added to the Company's slate of Directors at its upcoming AGM in May. Mike Volker, Chairman of the Board of Directors, and James Pratt will not be standing for re-election and are retiring from the Board to pursue other interests. It is expected that Howard Atkinson, a current director, will be appointed by the Board to the Chairman position following the AGM.


"TIMIA is at a key inflection point of its growth, and Paul, Jan and Robert will strengthen our board through this next phase of the Company's evolution," said Mike Walkinshaw, CEO of TIMIA. "These new board members bring executive experience from private equity organizations, U.S. public companies, and technology lending, making them a great strategic fit for the Board of TIMIA."


Further information on the full Board slate can be obtained in the Information Circular, which has been filed on SEDAR.


"Michael Volker's deep expertise and experience in the Canadian private technology company eco-system has been invaluable," added Walkinshaw. "His leadership role in local, national and international angel associations, as well as other angel investment organizations, has provided deep insights into the current status of the private technology company eco-system."


"James Pratt provided experience and deeply-valued counsel to TIMIA over the past 6 years," said Walkinshaw. "His financial and operational guidance, through acting as CFO for most of that period, has created value for our shareholders. We wish both Michael and James the very best in their new adventures."


Biography of New Directors


Jan Lederman


Jan is a Co-Founder & President of Valhalla Private Equity and a Director at Genome Canada. She is a past Chair of the Board of Governors at the University of Manitoba; retired senior partner at Thompson Dorfman Sweatman, LLP; and a co-founder of Innovate Manitoba, a private sector led non-profit formed to drive innovation, accelerate startup growth, and stimulate access to capital in Manitoba. Jan is an active angel investor and a Director of a number of startups. Jan practiced business law for 30 years and retired as a partner of Thompson Dorfman Sweatman LLP in 2015. In practice, Jan focused on mergers and acquisitions, divestitures, startups, investment, and finance. Jan was for many years named to the Best Lawyers in Canada in Mergers and Acquisitions Law and Leveraged Buy-Outs and Private Equity Law. In addition to her Bachelor of Arts and Juris Doctor, Jan holds a Certificate from the Program on Negotiation at Harvard Law School and a Blue Belt in Innovation Engineering. Jan was awarded the Queen Elizabeth Diamond Jubilee Award in 2012 and the Queen Elizabeth Golden Jubilee Award in 2002 in recognition for her contributions to the community. In 2018 she was honoured with the Distinguished Alumni Award of Excellence by the University of Manitoba.


Paul Geyer


Paul Geyer is a successful Medtech Entrepreneur, experienced Board member, Angel Investor and Venture Capitalist. Over the past 27 years as an investor and serial entrepreneur, Paul has built several successful companies, including Mitroflow International Inc., Neovasc Inc. and LightIntegra Technology Inc. Paul is well known for his work supporting and mentoring entrepreneurs and future leaders of the tech industry. His passion for giving back is seen in the many board roles he has held, including: Administrative Chair, LightIntegra Technology Inc.; Chairman of the Board, Neovasc Inc.; G7 Fellow, Creative Destruction Labs – CDL West; Board of Directors, Entrepreneurship at UBC; Board of Directors, BCTECH; Advisory Council Member, UBC Engineering, Applied Science; and Industry Advisory Council, UBC Electrical Engineering department. In 2010 Paul was awarded the British Columbia Angel Investor of the year, and in 2011 he received the BC Life Sciences Leadership Award. He holds a B.A.Sc, Electrical Engineering from The University of British Columbia (1983 – 1988) and Certified Director, Certified Director Program, UCLA Anderson School of Management (2006), Canadian Securities Course (1988).


Robert Napoli


Robert is co-founder and managing director of Promerita Capital Partners, and has twenty years of experience in corporate finance and investment. For the past fourteen years, Robert has focused on subordinated debt, mezzanine and equity investing. He has completed over 80 deals across various industries, including buyouts, acquisitions and growth financing. Prior to Promerita Group, Robert was co-founder and vice president of First West Capital, an institutionally backed subordinated debt and mezzanine finance provider for small and medium sized companies. Robert previously held executive roles in investment management and corporate finance with other leading global and regional firms including Vancity Capital & PricewaterhouseCoopers. Robert is the past President of the Association for Corporate Growth (ACG), BC Chapter, the middle market deal association for corporate finance and M&A professionals. He holds two Honours Degrees in Commerce and Law from Monash University, Australia along with a Graduate Diploma in Applied Finance and Investment, is a CPA-CA in Canada and Australia and is a former adviser to the Accounting Standards Board of Canada (AcSB) on Accounting Standards for Private Enterprises (ASPE).


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 $1 million to $10 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 the expected appointment of Howard Atkinson to the Chairman position. 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

4 months

8020Admin posted a press release TIMIA Capital Announces Year End and Fourth Quarter Financial Results in TIMIA CAPITAL CORP

~ Record annual revenue and asset growth top previous years' results ~

VANCOUVER, BC / ACCESSWIRE / March 15, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA) today announced financial results for the fourth quarter and year ended November 30, 2018.


2018 Annual Highlights include:



  • Record revenue of $1,738,239, up 67% over prior year.

  • Included in total revenue, interest income from investments increased 58% to $1,521,999 compared with last year.

  • Total assets grew over 61% to $14.6 million compared with the prior year. Cash balance, as part of assets, was $3,749,949 compared with $713,792 as at November 30, 2017.

  • A significant increase in net income resulted in a net income of $18,838 compared with a net loss of $197,620 in the prior year.

  • Gain on investments was up $1,194,175 to $1,582,906 for the year ended November 30, 2018 compared with a $367,827 gain on investments in the prior year.

  • Adjusted EBITDA* increased 539% or $1,087,860 to $1,335,573 compared with an Adjusted EBITDA of $247,713 for the prior year.

  • Net earnings per share were breakeven compared with a $0.01 loss per share in the prior year.

  • TIMIA's loan investment portfolio (Loans receivable) increased 37% to $9,680,390 compared to $7,075,608 in the prior year period.


Fourth Quarter 2018 Highlights Include:



  • Record quarterly revenue of $501,129, up 60% compared to the same period last year.

  • TIMIA put a $2,000,000 revenue financing facility in place for FormHero Inc. with an initial disbursement of $1,000,000.

  • TIMIA provided Aprio Inc. with a $1,000,000 facility with an initial advance of $400,000.

  • TIMIA invested an additional $500,000 in Paltech Solutions dba 7Geese Inc. for a total investment of $1,5000,000 after the company met key milestone.

  • TIMIA expanded to the US providing a USD $2,500,000 financing arrangement with Texas-based software company, RealSavvy, Inc. and a first disbursement of USD $1,000,000.

  • TIMIA closed $1,000,000 in non-dilutive capital with a co-investment from Manitou Investment Management Ltd.

  • Adjusted EBITDA loss of $100,347 compared with an Adjusted EBITDA of $16,533 for the prior year period.


"For the second year in a row, we achieved record growth in revenue and assets under management and have reshaped our business for 2019," said Mike Walkinshaw, CEO of TIMIA. "Our pipeline of software as a service or SaaS companies increased significantly as the number of new transactions more than doubled in 2018 in comparison to 2017. We enjoyed working with some great entrepreneurs in 2018 and look forward to helping support the growth of more SaaS companies in 2019."


Detailed Financial Review
During the year ended November 30, 2018, the Company continued to grow its revenue-financing ("RF") business by completing eleven RF investments as well as successfully exiting four investments from its loan portfolio and another from its equity portfolio. The Company's revenue is primarily interest income generated under the Company's RF model. Interest income in the year ended November 30, 2018 was a record $1,521,999 compared to $960,545 in the prior fiscal year.


The 58% increase in interest income is driven from two sources:



  1. As the Company makes new investments, the number of monthly payments derived from the portfolio grows.

  2. Under the RF structure, as the revenue of the underlying portfolio grows, the investees make larger blended interest and principal payments to the Company.


Income from transaction and other fees was $216,240 in the year ended November 30, 2018 compared to $80,350 in the prior fiscal year, resulting in a record total revenue of $1,738,239.


TIMIA continues to build the value and size of its portfolio by making new investments and follow-on investments in existing portfolio companies, and actively assisting in their growth plans. Furthermore, management expects the payment amounts to increase over time as both new and follow-on investments are made and as payments increase from the underlying portfolio. During the year ended November 30, 2018, TIMIA benefited from increased payments (combined principal and interest) as a result of the strong revenue growth of its underlying portfolio. At the same time, the Company increased its investments in infrastructure, including key staff and brand awareness.


Total expenses for the year ended November 30, 2018 were $2,873,167 compared with $1,604,823 for the prior year. The increase in expenses was primarily related to the increase in interest expense ($791,893 of the $2,873,167) resulting from the issuance of debentures with warrants. The remaining expense increase reflects the Company's investment in infrastructure, public market and brand awareness.


Adjusted EBITDA increased 1,087,860 to $1,335,573 for the year ended November 30, 2018 compared with an Adjusted EBITDA of $247,713 for the prior year. The increase in Adjusted EBITDA is primarily due to the significant increase in interest income.


During the year ended November 30, 2018, the Company posted net earnings of $18,838 compared with a net loss of $197,620 for the last fiscal year. The increase in net income is primarily due to an approximate 58% increase in interest income over the last fiscal year and the Company recognizing a gain on investments of $1,582,906. The gain on investments comprises recognized gains from the successful exits of Rise People Inc., iCompass Technologies Inc., QuickMobile Inc., Beanworks Solutions Inc., and Mazza Innovation Ltd.


As at November 30, 2018, the Company's cash balance was $3,749,949 and working capital was $3,614,268 compared to $713,792 and $1,160,034 respectively as at November 30, 2017. Subsequent to year end, the Company increased cash resources by over $8.7 million by establishing and funding a Limited Partnership.


TIMIA's business model is delivering two distinct returns that help drive shareholder value:



  1. High yield interest income, as a result of the successful performance of TIMIA's underlying investments, delivers a growing stream of profitable cash flow, as TIMIA's asset base grows.

  2. TIMIA is investing in high-quality companies in an active industry. As a result, we've seen successful early exits in investee companies such as Rise People Inc., iCompass Technologies Inc., QuickMobile Inc., Beanworks Solutions Inc. delivering periodic gains manifesting in profitable quarters in the near term. At the same time, TIMIA is focused on investing in new and exciting opportunities to support longer term profitability.


*Non-GAAP Measures and Other Financial Measures
In managing our business and assessing our financial performance, we supplement the information provided by the financial statements presented in accordance with GAAP with metrics and non-GAAP financial measures which are utilized by our management to evaluate our performance. Although we believe these measures are widely used in the specialty finance industry, some may not be defined by us in precisely the same way as by other companies in the specialty finance industry, so there may not be reliable ways to compare us to other companies. Adjusted EBITDA represents net loss and comprehensive loss from continuing operations (the most directly comparable GAAP measure) excluding amounts for: income tax expense; interest expense; depreciation and amortization; equity-based compensation; and all other non-cash expenses. We believe Adjusted EBITDA is a helpful measure because it allows us to evaluate our performance by removing from our operating results items that do not relate to our core operating performance. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered in isolation or as a substitute for net loss and comprehensive loss from continuing operations, the most directly comparable GAAP financial measure. Adjusted EBITDA and is not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies unless the definition is the same.


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 $1 million to $10 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.


Disclaimer for 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 expectations as to payment amounts in portfolio companies increasing and the growing stream of profitable cash flow as TIMIA's asset base grows. 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, the regulated nature of the industry in which the Company operates, intense competition in all aspects of business, reliance on limited management resources, general economic risks, new laws and regulations, risk of litigation, and volatility of the price of the Company's common shares. 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

4 months

8020Admin posted a press release TIMIA Announces Significant Transaction with $10.5 Million Limited Partnership in TIMIA CAPITAL CORP

~TIMIA Broadens Fintech Platform through non-dilutive capital structure and significantly increases investment capacity~

VANCOUVER, BC / ACCESSWIRE / March 11, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V: TCA / OTC PINK: TIMCF) today announced the formation and structure of $10.5 million in TIMIA's first Limited Partnership ("LP"). External investors will invest $7.6 million in the LP with TIMIA retaining a $2.4 million interest. Additional subscription agreements totaling $500,000 have been received and are expected to close shortly for a total LP value of $10.5 million. The LP, TIMIA Capital 1 Limited Partnership, will be governed under the terms of a limited partnership agreement with TIMIA Capital GP Inc., a wholly owned subsidiary of TIMIA, acting as the LP's General Partner ("GP").


Existing financing agreements with TIMIA's portfolio of SaaS companies, representing approximately $8.2 million in value will be transferred into the LP with related monthly payments being distributed, after deduction of fund expenses, to LP unit holders, including TIMIA, on a monthly basis. The remaining $2.3 million will be invested in SaaS companies through TIMIA's fintech platform and proprietary investment algorithms. In exchange for transferring the loan facility future cash flows into the LP, TIMIA will receive $5.8 million in cash on its balance sheet, and a $2.4 million interest in the LP.


Transaction Highlights Include:



  • Accretive to the Company with no dilution to the shareholders,

  • TIMIA Capital will retain at least a 20% interest in the LP, thus still participating in a proportionate share of the revenue from the current investment portfolio while increasing its consolidated cash position to approximately $8.7 million

  • Assets under management go from approximately $15 million to approximately $23 million, representing roughly a 55% increase,

  • TIMIA will receive a 1.5% servicing fee to manage the LP as its GP,

  • TIMIA will receive a performance fee based upon the profit of the LP for the life of the fund, subject to investors achieving their preferred return first

  • TIMIA will have approximately $8.7 million of new capital to invest in SaaS companies in North America


"This transaction is a significant milestone for the Company and its shareholders and reflects the confidence of investors in our strategy and ability to source quality investments," said Mike Walkinshaw, CEO of TIMIA. "Prior to the LP, TIMIA has raised approximately $10 million in total capital and have been able to execute $17 million of transactions. We've leveraged our proprietary lending algorithms and related software to efficiently generate deal flow and deliver stronger than industry average returns."


"According to data collected from pitchbook.com, the market size for loans to North American Software companies generating approximately $1 million to $10 million in revenue represents $14 billon and is growing at over at 25% per year. With this in mind, we felt that this was the right time to raise capital and expand our fintech platform. We're moving quickly into new geographies and, as a result, expect this capital will be quickly deployed in companies where our capital can speed growth."


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company 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 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 $1 million to $10 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 the closing of the LP transaction, TIMIA's ownership of LP units, future administration fee payments and carry on LP funds per year, further investments in SaaS companies with the remaining $2M and expectations regarding moving into new geographies, the quick deployment of capital and 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

4 months

8020Admin posted a press release TIMIA Completes $2 Million Financing for BasicGov in TIMIA CAPITAL CORP

~Efficient and Focused Government Solution Built on the Salesforce.com Platform Selects TIMIA for Flexible Growth Capital~

VANCOUVER, BC / ACCESSWIRE / March 4, 2019 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA) today announced that it has entered into a 3 year, $2 million investment facility for Vancouver-based software company, BasicGov Systems, Inc. ("BasicGov"). The full financing amount of $2 million was advanced Friday March 1st.


"We're providing flexible growth capital and supporting the team at BasicGov to help accelerate their revenue growth," said Greg Smith, CIO of TIMIA. "The team has done a great job of building a much needed, efficient and focused government solution built on the Salesforce.com platform. It is an honor that BasicGov chose TIMIA to support them on their path to increasing annual recurring revenue."

"The team at TIMIA offered a solution that was the right fit for us," said Mike Togyi, CEO of BasicGov. "Finding flexible and non-dilutive financing solutions to help us to continue our 40%+ growth is not easy in the software as a service or SaaS sector. We look forward to partnering with TIMIA through the course of our financing facility with them."

TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early. The Company 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 BasicGov Inc.


BasicGov enables Governments of all sizes to transform how they do business. BasicGov is a comprehensive cloud-based operations management platform that enables state and local governments to modernize licensing and regulation, land management, and community development operations so they can cut costs while ensuring the efficient delivery of quality services to citizens. We are proud to host critical operations for public agencies such as the Region of Peel, Orange County, New York City and US states that include Washington, Ohio, Arizona and Colorado to name a few. For more information please visit www.basicgov.com.


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 $1 Million to $10 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 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

7 months

8020Admin posted a press release TIMIA Capital Closes $1.345M Private Placement of Series E Debenture Units in TIMIA CAPITAL CORP

VANCOUVER, BC / ACCESSWIRE / December 13, 2018 / TIMIA Capital Corporation (TSX-V:TCA /OTC:TIMCF) ("TIMIA" or the "Company") today announced a private placement ("Private Placement") closing of $1.345M of Series E debenture units ("Units") at a price of $100 per Unit. Each Unit is comprised of one $100 face value secured non-convertible debenture ("Debenture") and includes warrants representing 10% coverage ("Warrants"). The Debentures bear an interest rate of 12% per annum, payable quarterly in arrears, have a term of 5 years from November 30, 2018 and will be secured against the assets of the Company. The Warrants are exercisable for 5 years from November 30, 2018 at a price of $0.30 per share. TIMIA will use these proceeds, from both new and existing accredited investors, to expand its growing portfolio of revenue financing investments.


The Private Placement resulted in the issuance of 13,450 Debentures and 448,333 Warrants. A total commission of $28,700 and 95,666 broker warrants, exercisable at $0.30 with a 2 year term, were paid as part of this transaction.


All of the securities sold pursuant to the Private Placement are subject to a four-month hold period.


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 $1 Million to $10 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 the proposed use of proceeds from the Private Placement. 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

8 months

8020Admin posted a press release TIMIA Capital Closes $1,000,000 in Non-Dilutive Capital Through Co-Investment Platform from Manitou Investment Management Ltd via its Total Return Yield Fund in TIMIA CAPITAL CORP

~Manitou Total Return Yield Fund Returns for Third Investment in 2018~


VANCOUVER, BC / ACCESSWIRE / October 31, 2018 / TIMIA Capital Corporation (TSX-V:TCA /OTC:TIMCF) ("TIMIA" or the "Company") today announced the closing of $1 Million in non-dilutive capital through the Company's Co-Investor platform. The Toronto-based Manitou Investment Management Ltd via its Total Return Yield Fund ("Manitou") had previously invested $2.5 million in TIMIA's underlying portfolio of private software companies bringing their total commitment as a Co-Investor to $3.5 Million since January of this year.


TIMIA's Co-Investor platform allows qualified investors to purchase a specified percentage of future cash flows from TIMIA's current portfolio companies, thereby increasing the amount of non-dilutive capital available to the Company, and creating accretive value for shareholders. As part of TIMIA's active management process, TIMIA will retain control, title and security position over the underlying portfolio investments.


"We appreciate Manitou's support and have been happy to generate positive returns for them through the combination of payments from our underlying portfolio and successful exits from a portion of our investments," said Mike Walkinshaw, CEO of TIMIA. "This capital allows us to maintain the increased pace of investments into SaaS companies in North America, driving further growth in our assets and revenue."


The Co-Investor's yield will fluctuate relative to the performance of the underlying investments. TIMIA has made fifteen investments into private software companies or software as a service (or SaaS) companies since inception in 2015, and has successfully exited four of them, providing a combination of monthly yield and periodic gains. The Company's assets have grown 65% to more than $13.1 million in the last twelve months, both deployed in investments and in cash.


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 $1 Million to $10 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

8 months

8020Admin posted a press release TIMIA Capital Announces Third Quarter Financial Results in TIMIA CAPITAL CORP

Company Delivers Significant Year-over-year Growth in Revenue

VANCOUVER, BC / ACCESSWIRE / October 25, 2018 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V: TCA; OTC: TIMCF) today announced financial results for the third quarter ended August 31, 2018.


Third Quarter 2018 Highlights include:



  • Revenue of $399,991, up 59% over the same period last year.

  • Included in total revenue, interest income from investments increased 26% to $317,787 compared with the same period last year.

  • Total assets have increased 65% to $13.1 million compared to the same period last year. Cash balance, as part of assets, was $5,477,794 compared to $713,792 as at November 30, 2017.

  • Raised $1,750,000 in capital through the co-investment model including $1,000,000 from an existing institutional investor.

  • Adjusted EBITDA* of $109,686 compared with an Adjusted EBITDA of $97,115 for the same period last year.

  • Reported a net loss of $413,221 or $0.01 per share compared with a net income of $235,016 or $0.01 per share for the same period last year. Q3 2018 results reflect investments in deal generation to scale our business, increased public market activities, and higher interest expenses associated with the closing of new co-investments and debenture financing. Q3 2017 net income was primarily driven by a $330,301 gain in an equity investment.

  • TIMIA's loan investment portfolio (Loans receivable) increased 56% to $7,227,824 compared to $4,635,340 in the same period last year.


"We have increased the pace of investing in the private software sector where growth and returns have helped us increase our revenue by 59%," said Mike Walkinshaw, CEO of TIMIA Capital Corporation. "We finished the quarter with a strong cash balance of over $5 million and have been focused on investing the capital to help drive further returns. The Canadian market has been a great launch pad for our revenue-financing solution however, we have recently expanded into the United States to help drive our own growth and to support the U.S. SaaS market."


"It was a very busy quarter as we rebalanced investments as a result of a successful exit and invested in marketing and sales activities to help scale our business," added Walkinshaw. "We believe we're at the right scale and infrastructure now to achieve new levels of growth and, as our portfolio of SaaS investments grow, help drive shareholder value and investor returns."


TIMIA's business model is delivering two distinct returns that help drive shareholder value:



  1. High yield interest income, as a result of the successful performance of TIMIA's underlying investments, delivers a stream of profitable cash flow that has been growing, as TIMIA's asset base grows.

  2. TIMIA is investing in high-quality companies in an active industry. As a result, we've seen successful early exits in investee companies such as Rise, Beanworks and QuickMobile delivering periodic gains manifesting in profitable quarters. At the same time, TIMIA is focused on investing in new and exciting opportunities to support longer term profitability.


 


Detailed Financial Review


During the quarter ended August 31, 2018, the Company continued to grow its revenue-financing ("RF") business by completing three new investments as well as successfully exiting an existing investment. The Company's revenue is principally interest income generated under the Company's RF model. Interest income in the quarter ended August 31, 2018 increased 26% to $317,787 compared with $251,599 in the same period last year. Consulting revenue was $82,204 in the quarter ended August 31, 2018 compared to nil consulting revenue in the same period last year, resulting in total revenue of $399,991. The increase in total revenue, compared to the same period last year, is primarily due to the increase in scale in loan disbursements and a greater number of transactions leading to an increase in consulting revenue. The chart below highlights the Company's revenue growth since Q3 of 2016.



The decrease in revenue for the third quarter ended August 31, 2018 compared to the second quarter ended May 31, 2018 reflects the timing of multiple exits that have occurred over the last two quarters and their short-term impact on revenue. This same effect significantly increased the Company's cash balance and helped drive profitable gains on investments. This cash balance is actively being reinvested, including $2,000,000 in disbursements during the quarter, to reverse this revenue trend.


TIMIA continues to build the value and size of its portfolio by making new investments and follow-on investments in existing portfolio companies, and actively assisting the portfolio companies with their growth plans. At the same time, the Company is investing to support its future growth. Total expenses for the quarter ended August 31, 2018 were $747,473 compared with $382,170 for the same period last year. This amount is only marginally higher than the second quarter of 2018 as the Company invests in the business to build a scalable investment platform. Highlighted expenses have been separated into two different segments, financing and operational:


Financing Expense



  • Interest expense makes up $207,481 of the total expense amount of $747,473, an increase of $71,680 over the same period last year. The increase in interest expense is associated with new debentures with warrants.


Operational Expense



  • Marketing and sales related expenses included in Office, promotion and miscellaneous has increased as the Company invests in its deal origination engine in addition to an increase in public market activities.

  • Share-based expense was higher due to the vesting of options from an option grant on May 10, 2018 to management, and directors.


Adjusted EBITDA increased $12,571 to $109,686 for the quarter ended August 31, 2018 compared with an Adjusted EBITDA of $97,115 for the same period last year. Adjusted EBITDA is consistent with the prior year period due to the growth in cash-based operational expenses being consistent with the growth in the cash-based revenue of the organization.


During the quarter ended August 31, 2018, the Company posted a net loss of $413,221 compared with net income of $235,016 in the same period last year. As noted above, Q3 2018 results reflect investments in deal generation to scale our business, increased public market activities, and higher interest expenses associated with the closing of new co-investments and debenture financing.


As at August 31, 2018, the Company's cash balance was approximately $5.5 million and working capital was approximately $5 million compared with approximately $714K and $1.2 million respectively, as of November 30, 2017.


This news release is qualified in its entirety by the Company's condensed interim financial statements for the three and nine months ended August 31, 2018 and 2017 and the associated Management's Discussion & Analysis respecting the same period, which can be downloaded from the Company's profile on SEDAR at http://www.sedar.com.


*Non-GAAP Measures and Other Financial Measures


In managing our business and assessing our financial performance, we supplement the information provided by the GAAP-based financial statements with metrics and non-GAAP financial measures which are utilized by our management to evaluate our performance. Although we believe these measures are widely used in the specialty finance industry, some may not be defined by us in precisely the same way as by other companies in the specialty finance industry, so there may not be reliable ways to compare us to other companies. Adjusted EBITDA represents net loss and comprehensive loss from continuing operations (the most directly comparable GAAP measure) excluding amounts for: income tax expense; interest expense; depreciation and amortization; non-cash revenue; non-cash gains; equity-based compensation; and all other non-cash expenses. We believe Adjusted EBITDA is a helpful measure because it allows us to evaluate our performance by removing from our operating results items that do not relate to our core operating performance. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered in isolation or as a substitute for net loss and comprehensive loss from continuing operations, the most directly comparable GAAP financial measure. Adjusted EBITDA is not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies unless the definition is the same.


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 $1 Million to $10 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 beliefs as to the Company being at the right scale and infrastructure to achieve new levels of growth and the future reinvestment of cash balances. 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.


SOURCE: TIMIA Capital Corporation

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8020Admin

9 months

8020Admin posted a press release TIMIA Capital Increases Portfolio with Third Investment in Thirteen days in TIMIA CAPITAL CORP

VANCOUVER, BC / ACCESSWIRE / October 23, 2018 / TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA) today announced that it has entered into a $1 million investment facility for Aprio Inc. ("Aprio") of Vancouver, BC. The financing facility includes an initial disbursement of $400,000, which has been advanced, and a further $600,000 to be disbursed upon certain milestones being met over the term of the agreement.


"We're excited to support Aprio's increased sales and marketing efforts with new capital," said Greg Smith, CIO of TIMIA. "Aprio has a great reputation, long track record of success and have been a great team to work with."


"We appreciated TIMIA's quick response and flexible approach to our financing needs," said Ian Warner, President & CEO, Aprio Inc. "They understood our business and provided the capital we're looking for, without the dilution of traditional equity-based funding."


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA's revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that requires the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company's revenue streams. The amounts advanced are secured and may be repaid early, triggering a bonus payment to TIMIA. The Company 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 Aprio Inc.
Aprio makes good governance simple and affordable. The Aprio board portal helps organizations large and small to efficiently run board meetings, keep directors up to date, and keep information secure. Aprio provides premium features without premium pricing, all delivered with unmatched service. Our simplicity and affordability make us the first choice of credit unions, financial institutions, crown corporations, non-profits and public companies across North America. Founded in 2003, Aprio is proud of our reputation for the best customer experience in our industry. Visit www.aprio.net to learn more.


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 $1 Million to $10 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 early repayment of loans resulting in bonus payments, further disbursements upon the completion of certain milestones 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.

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8020Admin

9 months

8020Admin posted a press release TIMIA Capital Puts $2 Million Financing Facility in Place for FormHero ~Investment provides key growth capital for Toronto software company~ in TIMIA CAPITAL CORP

Vancouver, British Columbia (FSCwire) - TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced that the Company has put in place a $2 million investment facility for FormHero Inc. (“FormHero”) of Toronto, ON. The financing facility includes an initial disbursement of $1,000,000 and a further $1,000,000 to be disbursed upon certain milestones being met over the term of the agreement.



“Our non-dilutive capital for FormHero is aimed at increasing their marketing efforts and help drive new business,” said Andrew Abouchar, Chief Credit Officer of TIMIA. “FormHero is growing rapidly in their market, and adding additional firepower to expedite their objectives just makes sense.”


“This is a great time to expand our marketing efforts,” said Ryan Kimber, Co-Founder and CEO of FormHero Inc. “TIMIA’s financing facility provides key growth capital without the dilution of traditional equity-based funding.”


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry.  The Company 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 FormHero


FormHero is a data collection platform that helps enterprise organizations turn their internal and customer-facing processes into dynamic, user-friendly smart forms.  We enable organization to rapidly digitize legacy and paper-based processes in order to provide the experience their clients desire without the need to overhaul expensive back-office systems.  With FormHero, information is validated in real-time to ensure accuracy and then automatically translated into any/all of the required documents or integrations to power the process behind the scenes.  Best of all, FormHero never persists any customers information; providing enterprises with the simplicity and scale of a cloud-based solution with the security and regulatory requirements of an on-prem installation. For more information about FormHero, please visit www.formhero.io


 


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 $1 Million to $10 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 further disbursements upon the completion of certain milestones 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.




Source: TIMIA Capital Corp. (TSX Venture:TCA)

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8020Admin

10 months

8020Admin posted a press release TIMIA Capital Increases Investment into HR Performance Management Company, 7Geese Inc. in TIMIA CAPITAL CORP

~7Geese hits key milestones triggering further investment option~


Vancouver, British Columbia (FSCwire) - TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced a further $500,000 investment in Paltech Solutions dba 7Geese Inc. (“7Geese”), of Vancouver, BC. The $500,000 investment is part of the software Company’s existing $1.5 million revenue financing facility with TIMIA, and the second disbursement in four months. This investment brings TIMIA’s accumulated disbursements to over $4.4 million in the last four months.



“We’re increasing our investments and related revenue stream while helping companies like 7Geese increase their sales and marketing efforts,” said Greg Smith, CIO of TIMIA.


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. The Company 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.


“As 7Geese enters into the growth stage, TIMIA’s financing solution will allow us to scale and reach new customers,” said Amin Palzabin, CEO of 7Geese.


 


About 7Geese


7Geese is a performance management platform which helps companies achieve more through the use of OKR goal-tracking, facilitation of 1-on-1s and employee surveys. 7Geese delivers real-time data for managers and executives to make everyday decisions on employee performance and growth. Companies using 7Geese are able to customize the way they deliver and facilitate performance reviews using the technological convenience 7Geese provides with features including: OKR goal-tracking, feedback, 1-on-1s and employee recognition.


 


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 $1 Million to $10 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.


 


Disclaimer for 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 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.




Source: TIMIA Capital Corp. (TSX Venture:TCA)

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8020Admin

10 months

8020Admin posted a press release TIMIA Capital Announces 5th Successful Exit from Revenue Finance Portfolio and Positive Impact in TIMIA CAPITAL CORP

Vancouver, British Columbia (FSCwire) - TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced that one of its revenue finance investments, Beanworks Solutions Inc. (“Beanworks”), has executed the early exit provisions of its revenue finance contract with TIMIA. TIMIA, which had invested $1,150,000 out of a $2,000,000 million facility in Vancouver, BC-based Beanworks, received an exit payment of $1,332,000.



“We’ve enjoyed working with Beanworks and supporting them through a major financing,” said Mike Walkinshaw, CEO of TIMIA. “We look forward to following their future success.”


For the 2018 fiscal year to date, this brings total gains on facility buyouts from four portfolio buyout transactions to approximately $1,400,000 or approximately $0.04 per issued and outstanding common share.


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry.  The Company 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 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 $1 Million to $10 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com


 


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 expectations regarding future 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; 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.




Source: TIMIA Capital Corp. (TSX Venture:TCA)

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8020Admin

11 months

8020Admin posted a press release TIMIA Capital Increases Investment in Wagepoint in TIMIA CAPITAL CORP

Vancouver, British Columbia (FSCwire) - TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced a further $750,000 investment in Wagepoint Inc. (“Wagepoint”) of Waterloo, ON. The $750,000 investment is part of the software Company’s existing $2 million revenue financing facility with TIMIA, and the second disbursement based on strong performance and related metrics by Wagepoint.



“Wagepoint is driving growth and delivering on strong customer metrics,” said Mike Walkinshaw, CEO of TIMIA. “We’re happy to support the team at Wagepoint with the right capital solution and to foster further growth and expansion.”


“TIMIA has been an incredible partner for Wagepoint,” said Shrad Rao, CEO of Wagepoint Inc. “Their involvement has given us the opportunity to do what is right for our business in terms of investing in areas that make the customer experience better and driving exponential growth We made the decision to go with a revenue-financing solution last year and we haven't looked back since.”


TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry.  The Company 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 Wagepoint


Wagepoint helps 4,000 small business across Canada and the United States pay 30,000 employees — all with one easy, cloud-based format featuring an interface purposefully designed to pass the "my-grandma-could-use-it" sniff test. For more information on how Wagepoint makes payroll simple, fast and friendly, visit www.wagepoint.com


 


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 $1 Million to $10 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 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.




Source: TIMIA Capital Corp. (TSX Venture:TCA)

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PKen

11 months

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