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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3 hours ago

8020 Admin posted a press release TIMIA Expands Investment Portfolio with US$3M Finance Facility for Zmags in TIMIA CAPITAL CORP


Zmags looks to TIMIA to provide a non-dilutive finance facility to assist in the expansion of its Creator platform

VANCOUVER, Feb. 4, 2020 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF) announces that it has entered into a US$3 million investment facility with Zmags, the leader in rich digital experiences for retailers based in Boston, MA. The financing facility includes an initial disbursement of US$1,500,000, which has been advanced, and a further US$1,500,000 to be disbursed upon certain milestones being met over the term of the agreement.


"Zmags is a growing technology company with great prospects as it looks to expand its Creator platform and services offerings," said Greg Smith, CIO of TIMIA. "Their corporate finance team was looking at a number of different alternatives and felt that TIMIA's non-dilutive capital was the best choice for their financing needs. With the investment from TIMIA, Zmags avoids the dilutive impact of equity financing at an attractive market rate. We look forward to watching this exciting company grow."


TIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure.


TIMIA invests in growing software as a service ("SaaS") companies like Zmags that require creative financing options. Under TIMIA's revenue-based financing model, TIMIA advances capital to SaaS businesses with recurring revenue streams that allows the portfolio company to make monthly payments, that are a combination of principal and interest, to TIMIA with a repayment schedule sculpted to the portfolio company's recurring revenue streams. 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 Zmags
Zmags' Creator™ platform enables retailers to design and publish interactive, shoppable experiences – outfit builders, shop-the-room, quizzes, email landing pages – without any IT involvement or coding. Leading brands like Ethan Allen, AG Jeans, Dell, Gardner's Supply, and Shiseido use Creator by Zmags as their Agile Content Hub. For more information about Zmags, please visit www.zmags.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 focus is the fast growing, global, business-to-business 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


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 anticipated revenue increase as a result of the finance facility, 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.



 


View original content: http://www.newswire.ca/en/releases/archive/February2020/04/c4462.html



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

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8020 Admin

26 days ago

8020 Admin posted a press release TIMIA's Fintech Platform Continues to Demonstrate Value with Successful Exit From BasicGov Financing Facility in TIMIA CAPITAL CORP


~Financing facility payout generates 40% return in 9 months~

VANCOUVER, Jan. 9, 2020 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF), a specialty finance company providing growth capital to technology companies, today reported that its previously announced $2 million financing for Vancouver-based software company, BasicGov Systems, Inc., has been paid out. Over the last 9 months, BasicGov has paid TIMIA $2.8 million in a combination of return of principal, interest and early redemption payments. The buyout of this financing is expected to generate a gain in excess of $400,000, that will positively impact the Company's Q1 2020 consolidated net income.


"Over the past 5 years we've designed and developed a scalable fintech platform to identify and invest in exciting and growing software companies like BasicGov," said Mike Walkinshaw, CEO of TIMIA. "We're very happy to see our investee companies be successful, attract additional capital allowing them to graduate to the next stage of their growth, and that our non-dilutive financing has played a part in this success. We wish the BasicGov team every success as we turn our attention to reinvesting this capital into new and exciting companies."


In March 2019, TIMIA announced and advanced a $2 million financing facility for BasicGov. The financing facility was held within TIMIA Capital I's Limited Partnership ("LP1"). The proceeds realized from the exit will be distributed to the holders of LP1 interests according to each holder's proportional entitlement.


TIMIA is continuously seeking new and productive investments in the software as a service or SaaS industry. As part of TIMIA's revenue financing solution, it advances capital to growing SaaS businesses in exchange for monthly payments that are a combination of principal and interest, with a repayment schedule sculpted to each respective 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


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 impact of the BasicGov exit on the Company's financial statements, the future distribution of proceeds to limited partners  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.


View original content: http://www.newswire.ca/en/releases/archive/January2020/09/c3387.html



Darren Seed, Vice President, Capital Markets & Communications; Mike Walkinshaw, CEO, TIMIA Capital Corporation, (604) 398-8839, IR@timiacapital.com 

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8020 Admin

2 months ago

8020 Admin posted a press release TIMIA Strengthens Investment Power with Increase in Limited Partnership to $18.5 Million; TIMIA's Loan Receivable Reaches Milestone at over $21 Million in TIMIA CAPITAL CORP


~Stronger balance sheet supports further investments in exciting software-as-a-service (SaaS) companies~

VANCOUVER, Dec. 16, 2019 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF) announced that it has increased its investment capacity by raising TIMIA Capital I's Limited Partnership ("LP1") capital to $18.5 million. The Company announced the Limited Partners' approval to increase LP1's capacity in September and was subsequently able to increase LP1's capital by $5 million through additional subscriptions to approximately $18.5 million. This brings TIMIA's consolidated assets, including recent exits, to over $29 million.


"We've increased our investment capacity through a non-dilutive capital injection," said Mike Walkinshaw, CEO of TIMIA. "We continue to work with entrepreneurs of private software companies to provide growth capital, while allowing them to retain their ownership stake and related value. Conversely, we're able to provide investors in LP1 with access to risk-adjusted returns that have been above industry average."


"This increase in capital is an achievement in itself, however, our team has worked fervently for years to build TIMIA's loan receivable to stand now at over $21 million," added Walkinshaw. "We continue to seek out new companies looking for growth capital and are excited about the achievements we've made thus far."


TIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure.


Through its fintech platform, TIMIA continuously seeks 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 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


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 seeking out new companies looking for growth capital, targeting higher risk-adjusted returns on the Company's finance solutions 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.


View original content: http://www.newswire.ca/en/releases/archive/December2019/16/c1770.html

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

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8020 Admin

2 months ago

8020 Admin posted a press release TIMIA Increases Investment Capacity with $7.5 Million Credit Facility While Reducing Cost of Capital in TIMIA CAPITAL CORP


VANCOUVER, Nov. 25, 2019 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF) announced that it has entered into a $7.5 million credit facility with Turnham Green Investments Inc. of Vancouver, BC. The one year term includes an additional 3 month extension and supports TIMIA's future investments into growing SaaS companies in North America with the expectation that 50% of funding for such new investments will be funded from the credit facility ("advance rate") and the remaining 50% will be funded from TIMIA's balance sheet. This new facility and its advance rate, combined with capital from TIMIA's own balance sheet, provides for new capacity of up to $15 million in financing for growing software companies.


"This credit facility provides the non-dilutive flexibility to cost effectively build our investment portfolio," said Mike Walkinshaw, CEO of TIMIA. "With the addition of this lower-cost capital, we can accumulate and warehouse additional investments and look for other non-dilutive opportunities, such as Limited Partnerships, to continuously maximize the credit facility."


TIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure.


Through its fintech platform, TIMIA continuously seeks 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 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


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 funding of future investments as between the credit facility and Company's balance sheet, building the Company's investment portfolio and seeking other non-dilutive opportunities as a result of the credit facility 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.


View original content: http://www.newswire.ca/en/releases/archive/November2019/25/c5518.html



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

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8020 Admin

3 months ago

8020 Admin posted a press release TIMIA Capital Announces Third Quarter 2019 Financial Results in TIMIA CAPITAL CORP


~Company delivers record revenue with 121% year-over-year growth and 70% year-over-year growth in total assets~

VANCOUVER, Oct. 30, 2019 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA / OTC: TIMCF) today announced financial results for the third quarter ended August 31, 2019.


Third Quarter 2019 Highlights include:



  • Record revenue of $884,231, up 121% over the same period last year.

  • Posted record interest income from investments, included in total revenue, which increased 170% to $857,587 compared with the same period last year.

  • Total assets increased 70% to $22.3 million as at August 31, 2019 compared to the same period last year. Cash balance, as part of assets, was $5.0 million compared to $3.7 million as at November 30, 2018.

  • Adjusted EBITDA* of $74,382 compared with an Adjusted EBITDA* of $109,686 for the same period last year.

  • Reported a net loss of $54,658, or $0.00 per share, compared with a net loss of $413,221, or $0.01 per share, for the same period last year.

  • TIMIA's loan investment portfolio (Loans receivable) increased by 127% to $16,385,629 in comparison to the same period last year.


 


"We continue to leverage our fintech platform by putting capital to work in more and more growing software companies," said Mike Walkinshaw, CEO of TIMIA Capital Corporation. "The net result is another record quarter in revenue and an improved bottom line as the deployed capital starts to generate returns. We're investing in great entrepreneurs with great companies which are benefiting from strong sector growth and the occasional exit through M&A activity. Our investment thesis and expanding fintech platform is supported by the increase in capital from our non-dilutive Limited Partnership structure which drive above industry average returns. We have some exciting opportunities on the horizon and look forward to keeping our shareholders apprised of our progress."


Detailed Financial Review
During the quarter ended August 31, 2019, the Company continued to grow its revenue-financing ("RF") business by completing two new investments, distributing growth capital of US$1,250,000 to two American companies.


The Company's revenue is primarily interest income generated under the Company's RF model.  As the Company makes new investments, the amount of monthly payments derived from the portfolio grows.  Interest income in the three months ended August 31, 2019 was $857,587 compared to $317,787 in the same period last year, a 170% increase.  Income from transaction and other fees was $26,644 in the three months ended August 31, 2019 compared to $82,204 in the same period last year.  Total revenue for the three months ended August 31, 2019 increased 121% to $884,231 compared to $399,991 for the three months ended August 31, 2018.


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 portfolio companies with their growth plans.  At the same time, the Company is investing to support its future growth and the continued development of its fintech platform.  Total expenses for the quarter ended August 31, 2019 were moderately higher at $795,087 compared with $747,473 for the same period last year. 


During the quarter ended August 31, 2019, the Company posted a net loss of $54,658 compared with a net loss of $413,221 in the same period last year. The year-over-year improvement is primarily due to growth in size of the portfolio and relative increase in revenue.  Adjusted EBITDA* of $74,382 for the quarter ended August 31, 2019 compared with an Adjusted EBITDA* of $109,686 for the same period last year. 


As at August 31, 2019, the Company's cash balance was approximately $5.0 million and working capital was approximately $4.7 million, compared with approximately $3.7 million and $3.6 million, respectively, as of November 30, 2018.  The funds raised by the private placement of debentures, the limited partnership, co-investment agreements and cash generated from the underlying portfolio are expected to provide the Company with enough funds to operate and grow the business into 2020. 


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, 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 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


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 deployed capital generating future returns and the expectation that the funds raised by the private placement of debentures, the limited partnership, co-investment agreements and cash generated from the underlying portfolio will provide the Company with enough funds to operate and grow the business into 2020. 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.


View original content: http://www.newswire.ca/en/releases/archive/October2019/30/c1883.html

Darren Seed, Vice President, Capital Markets & Communications; Mike Walkinshaw, CEO, TIMIA Capital Corporation, (604) 398-8839, IR@timiacapital.com

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8020 Admin

3 months ago

8020 Admin posted a press release TIMIA Announces Additional US$500,000 Financing for TransitScreen in TIMIA CAPITAL CORP


VANCOUVER, Oct. 29, 2019 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF), a specialty FinTech company providing growth capital to software companies, today announced it has funded an additional US$500,000 for Washington, DC based software company TransitScreen, Inc. ("TransitScreen"). This second tranche follows the first disbursement of US$1 million previously announced on May 1, 2019. TransitScreen achieved certain milestones under the initial financing facility triggering this second tranche.


"TransitScreen continues to grow and has successfully met previously set milestones triggering additional growth capital," said Greg Smith, chief investment officer of TIMIA. "Our value proposition to our customers, like TransitScreen, is for them to retain equity ownership in their companies by using our flexible and non-dilutive financing. The TIMIA FinTech credit assessment platform allows us to establish a credit and repayment score that minimizes our financing risk associated with software companies. This is a great opportunity to work with TransitScreen and support their continued growth for mobility options to cities across North America."


TIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure.


Through its fintech platform, TIMIA continuously seeks 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. The cost of the capital paid by individual SaaS companies is calculated on a number of different variables, including but not limited to growth rates and risk profile.


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.


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.View original content: http://www.newswire.ca/en/releases/archive/October2019/29/c5450.html



Darren Seed, Vice President, Capital Markets & Communications; Mike Walkinshaw, CEO, TIMIA Capital Corporation, (604) 398-8839, IR@timiacapital.com

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8020 Admin

4 months ago

8020 Admin posted a press release TIMIA Expands Investment Portfolio with US$3M Finance Facility for US Software Company in TIMIA CAPITAL CORP


~New finance facility helps growing software company expand their product platform while resulting payments increase TIMIA's revenue~

VANCOUVER, Oct. 15, 2019 /CNW/ - 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 a Connecticut-based software company. The financing facility includes an initial disbursement of US$1,400,000, which has been advanced, and a further US$1,600,000 to be disbursed upon certain milestones being met over the term of the agreement. For competitive reasons, the Company's name has not been disclosed at this time.


"We're providing growth capital to a great company looking to expand their product platform," said Greg Smith, CIO of TIMIA. "By going with non-dilutive capital from TIMIA, they avoid the dilutive impact of equity financing and achieve their financing needs."


TIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure.


Through its fintech platform, TIMIA continuously seeks 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 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


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 anticipated revenue increase as a result of the finance facility, 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.


View original content: http://www.newswire.ca/en/releases/archive/October2019/15/c5990.html



Darren Seed, Vice President, Capital Markets & Communications; Mike Walkinshaw, CEO, TIMIA Capital Corporation, (604) 398-8839, IR@timiacapital.com 

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3 hours ago

8020 Admin posted a press release TIMIA Expands Investment Portfolio with US$3M Finance Facility for Zmags in TIMIA CAPITAL CORP


Zmags looks to TIMIA to provide a non-dilutive finance facility to assist in the expansion of its Creator platform

VANCOUVER, Feb. 4, 2020 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF) announces that it has entered into a US$3 million investment facility with Zmags, the leader in rich digital experiences for retailers based in Boston, MA. The financing facility includes an initial disbursement of US$1,500,000, which has been advanced, and a further US$1,500,000 to be disbursed upon certain milestones being met over the term of the agreement.


"Zmags is a growing technology company with great prospects as it looks to expand its Creator platform and services offerings," said Greg Smith, CIO of TIMIA. "Their corporate finance team was looking at a number of different alternatives and felt that TIMIA's non-dilutive capital was the best choice for their financing needs. With the investment from TIMIA, Zmags avoids the dilutive impact of equity financing at an attractive market rate. We look forward to watching this exciting company grow."


TIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure.


TIMIA invests in growing software as a service ("SaaS") companies like Zmags that require creative financing options. Under TIMIA's revenue-based financing model, TIMIA advances capital to SaaS businesses with recurring revenue streams that allows the portfolio company to make monthly payments, that are a combination of principal and interest, to TIMIA with a repayment schedule sculpted to the portfolio company's recurring revenue streams. 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 Zmags
Zmags' Creator™ platform enables retailers to design and publish interactive, shoppable experiences – outfit builders, shop-the-room, quizzes, email landing pages – without any IT involvement or coding. Leading brands like Ethan Allen, AG Jeans, Dell, Gardner's Supply, and Shiseido use Creator by Zmags as their Agile Content Hub. For more information about Zmags, please visit www.zmags.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 focus is the fast growing, global, business-to-business 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


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 anticipated revenue increase as a result of the finance facility, 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.



 


View original content: http://www.newswire.ca/en/releases/archive/February2020/04/c4462.html



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

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8020 Admin

26 days ago

8020 Admin posted a press release TIMIA's Fintech Platform Continues to Demonstrate Value with Successful Exit From BasicGov Financing Facility in TIMIA CAPITAL CORP


~Financing facility payout generates 40% return in 9 months~

VANCOUVER, Jan. 9, 2020 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF), a specialty finance company providing growth capital to technology companies, today reported that its previously announced $2 million financing for Vancouver-based software company, BasicGov Systems, Inc., has been paid out. Over the last 9 months, BasicGov has paid TIMIA $2.8 million in a combination of return of principal, interest and early redemption payments. The buyout of this financing is expected to generate a gain in excess of $400,000, that will positively impact the Company's Q1 2020 consolidated net income.


"Over the past 5 years we've designed and developed a scalable fintech platform to identify and invest in exciting and growing software companies like BasicGov," said Mike Walkinshaw, CEO of TIMIA. "We're very happy to see our investee companies be successful, attract additional capital allowing them to graduate to the next stage of their growth, and that our non-dilutive financing has played a part in this success. We wish the BasicGov team every success as we turn our attention to reinvesting this capital into new and exciting companies."


In March 2019, TIMIA announced and advanced a $2 million financing facility for BasicGov. The financing facility was held within TIMIA Capital I's Limited Partnership ("LP1"). The proceeds realized from the exit will be distributed to the holders of LP1 interests according to each holder's proportional entitlement.


TIMIA is continuously seeking new and productive investments in the software as a service or SaaS industry. As part of TIMIA's revenue financing solution, it advances capital to growing SaaS businesses in exchange for monthly payments that are a combination of principal and interest, with a repayment schedule sculpted to each respective 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


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 impact of the BasicGov exit on the Company's financial statements, the future distribution of proceeds to limited partners  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.


View original content: http://www.newswire.ca/en/releases/archive/January2020/09/c3387.html



Darren Seed, Vice President, Capital Markets & Communications; Mike Walkinshaw, CEO, TIMIA Capital Corporation, (604) 398-8839, IR@timiacapital.com 

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8020 Admin

2 months ago

8020 Admin posted a press release TIMIA Strengthens Investment Power with Increase in Limited Partnership to $18.5 Million; TIMIA's Loan Receivable Reaches Milestone at over $21 Million in TIMIA CAPITAL CORP


~Stronger balance sheet supports further investments in exciting software-as-a-service (SaaS) companies~

VANCOUVER, Dec. 16, 2019 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF) announced that it has increased its investment capacity by raising TIMIA Capital I's Limited Partnership ("LP1") capital to $18.5 million. The Company announced the Limited Partners' approval to increase LP1's capacity in September and was subsequently able to increase LP1's capital by $5 million through additional subscriptions to approximately $18.5 million. This brings TIMIA's consolidated assets, including recent exits, to over $29 million.


"We've increased our investment capacity through a non-dilutive capital injection," said Mike Walkinshaw, CEO of TIMIA. "We continue to work with entrepreneurs of private software companies to provide growth capital, while allowing them to retain their ownership stake and related value. Conversely, we're able to provide investors in LP1 with access to risk-adjusted returns that have been above industry average."


"This increase in capital is an achievement in itself, however, our team has worked fervently for years to build TIMIA's loan receivable to stand now at over $21 million," added Walkinshaw. "We continue to seek out new companies looking for growth capital and are excited about the achievements we've made thus far."


TIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure.


Through its fintech platform, TIMIA continuously seeks 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 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


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 seeking out new companies looking for growth capital, targeting higher risk-adjusted returns on the Company's finance solutions 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.


View original content: http://www.newswire.ca/en/releases/archive/December2019/16/c1770.html

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

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8020 Admin

2 months ago

8020 Admin posted a press release TIMIA Increases Investment Capacity with $7.5 Million Credit Facility While Reducing Cost of Capital in TIMIA CAPITAL CORP


VANCOUVER, Nov. 25, 2019 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF) announced that it has entered into a $7.5 million credit facility with Turnham Green Investments Inc. of Vancouver, BC. The one year term includes an additional 3 month extension and supports TIMIA's future investments into growing SaaS companies in North America with the expectation that 50% of funding for such new investments will be funded from the credit facility ("advance rate") and the remaining 50% will be funded from TIMIA's balance sheet. This new facility and its advance rate, combined with capital from TIMIA's own balance sheet, provides for new capacity of up to $15 million in financing for growing software companies.


"This credit facility provides the non-dilutive flexibility to cost effectively build our investment portfolio," said Mike Walkinshaw, CEO of TIMIA. "With the addition of this lower-cost capital, we can accumulate and warehouse additional investments and look for other non-dilutive opportunities, such as Limited Partnerships, to continuously maximize the credit facility."


TIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure.


Through its fintech platform, TIMIA continuously seeks 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 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


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 funding of future investments as between the credit facility and Company's balance sheet, building the Company's investment portfolio and seeking other non-dilutive opportunities as a result of the credit facility 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.


View original content: http://www.newswire.ca/en/releases/archive/November2019/25/c5518.html



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

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8020 Admin

3 months ago

8020 Admin posted a press release TIMIA Capital Announces Third Quarter 2019 Financial Results in TIMIA CAPITAL CORP


~Company delivers record revenue with 121% year-over-year growth and 70% year-over-year growth in total assets~

VANCOUVER, Oct. 30, 2019 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA / OTC: TIMCF) today announced financial results for the third quarter ended August 31, 2019.


Third Quarter 2019 Highlights include:



  • Record revenue of $884,231, up 121% over the same period last year.

  • Posted record interest income from investments, included in total revenue, which increased 170% to $857,587 compared with the same period last year.

  • Total assets increased 70% to $22.3 million as at August 31, 2019 compared to the same period last year. Cash balance, as part of assets, was $5.0 million compared to $3.7 million as at November 30, 2018.

  • Adjusted EBITDA* of $74,382 compared with an Adjusted EBITDA* of $109,686 for the same period last year.

  • Reported a net loss of $54,658, or $0.00 per share, compared with a net loss of $413,221, or $0.01 per share, for the same period last year.

  • TIMIA's loan investment portfolio (Loans receivable) increased by 127% to $16,385,629 in comparison to the same period last year.


 


"We continue to leverage our fintech platform by putting capital to work in more and more growing software companies," said Mike Walkinshaw, CEO of TIMIA Capital Corporation. "The net result is another record quarter in revenue and an improved bottom line as the deployed capital starts to generate returns. We're investing in great entrepreneurs with great companies which are benefiting from strong sector growth and the occasional exit through M&A activity. Our investment thesis and expanding fintech platform is supported by the increase in capital from our non-dilutive Limited Partnership structure which drive above industry average returns. We have some exciting opportunities on the horizon and look forward to keeping our shareholders apprised of our progress."


Detailed Financial Review
During the quarter ended August 31, 2019, the Company continued to grow its revenue-financing ("RF") business by completing two new investments, distributing growth capital of US$1,250,000 to two American companies.


The Company's revenue is primarily interest income generated under the Company's RF model.  As the Company makes new investments, the amount of monthly payments derived from the portfolio grows.  Interest income in the three months ended August 31, 2019 was $857,587 compared to $317,787 in the same period last year, a 170% increase.  Income from transaction and other fees was $26,644 in the three months ended August 31, 2019 compared to $82,204 in the same period last year.  Total revenue for the three months ended August 31, 2019 increased 121% to $884,231 compared to $399,991 for the three months ended August 31, 2018.


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 portfolio companies with their growth plans.  At the same time, the Company is investing to support its future growth and the continued development of its fintech platform.  Total expenses for the quarter ended August 31, 2019 were moderately higher at $795,087 compared with $747,473 for the same period last year. 


During the quarter ended August 31, 2019, the Company posted a net loss of $54,658 compared with a net loss of $413,221 in the same period last year. The year-over-year improvement is primarily due to growth in size of the portfolio and relative increase in revenue.  Adjusted EBITDA* of $74,382 for the quarter ended August 31, 2019 compared with an Adjusted EBITDA* of $109,686 for the same period last year. 


As at August 31, 2019, the Company's cash balance was approximately $5.0 million and working capital was approximately $4.7 million, compared with approximately $3.7 million and $3.6 million, respectively, as of November 30, 2018.  The funds raised by the private placement of debentures, the limited partnership, co-investment agreements and cash generated from the underlying portfolio are expected to provide the Company with enough funds to operate and grow the business into 2020. 


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, 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 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


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 deployed capital generating future returns and the expectation that the funds raised by the private placement of debentures, the limited partnership, co-investment agreements and cash generated from the underlying portfolio will provide the Company with enough funds to operate and grow the business into 2020. 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.


View original content: http://www.newswire.ca/en/releases/archive/October2019/30/c1883.html

Darren Seed, Vice President, Capital Markets & Communications; Mike Walkinshaw, CEO, TIMIA Capital Corporation, (604) 398-8839, IR@timiacapital.com

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8020 Admin

3 months ago

8020 Admin posted a press release TIMIA Announces Additional US$500,000 Financing for TransitScreen in TIMIA CAPITAL CORP


VANCOUVER, Oct. 29, 2019 /CNW/ - TIMIA Capital Corporation ("TIMIA" or the "Company") (TSX-V:TCA/OTC: TIMCF), a specialty FinTech company providing growth capital to software companies, today announced it has funded an additional US$500,000 for Washington, DC based software company TransitScreen, Inc. ("TransitScreen"). This second tranche follows the first disbursement of US$1 million previously announced on May 1, 2019. TransitScreen achieved certain milestones under the initial financing facility triggering this second tranche.


"TransitScreen continues to grow and has successfully met previously set milestones triggering additional growth capital," said Greg Smith, chief investment officer of TIMIA. "Our value proposition to our customers, like TransitScreen, is for them to retain equity ownership in their companies by using our flexible and non-dilutive financing. The TIMIA FinTech credit assessment platform allows us to establish a credit and repayment score that minimizes our financing risk associated with software companies. This is a great opportunity to work with TransitScreen and support their continued growth for mobility options to cities across North America."


TIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure.


Through its fintech platform, TIMIA continuously seeks 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. The cost of the capital paid by individual SaaS companies is calculated on a number of different variables, including but not limited to growth rates and risk profile.


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.


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.View original content: http://www.newswire.ca/en/releases/archive/October2019/29/c5450.html



Darren Seed, Vice President, Capital Markets & Communications; Mike Walkinshaw, CEO, TIMIA Capital Corporation, (604) 398-8839, IR@timiacapital.com

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8020 Admin

4 months ago

8020 Admin posted a press release TIMIA Expands Investment Portfolio with US$3M Finance Facility for US Software Company in TIMIA CAPITAL CORP


~New finance facility helps growing software company expand their product platform while resulting payments increase TIMIA's revenue~

VANCOUVER, Oct. 15, 2019 /CNW/ - 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 a Connecticut-based software company. The financing facility includes an initial disbursement of US$1,400,000, which has been advanced, and a further US$1,600,000 to be disbursed upon certain milestones being met over the term of the agreement. For competitive reasons, the Company's name has not been disclosed at this time.


"We're providing growth capital to a great company looking to expand their product platform," said Greg Smith, CIO of TIMIA. "By going with non-dilutive capital from TIMIA, they avoid the dilutive impact of equity financing and achieve their financing needs."


TIMIA has developed a proprietary, scalable, technology-driven fintech platform targeting higher risk-adjusted returns on its finance solutions, creating value for shareholders, and leveraging its non-dilutive capital structure.


Through its fintech platform, TIMIA continuously seeks 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 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


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 anticipated revenue increase as a result of the finance facility, 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.


View original content: http://www.newswire.ca/en/releases/archive/October2019/15/c5990.html



Darren Seed, Vice President, Capital Markets & Communications; Mike Walkinshaw, CEO, TIMIA Capital Corporation, (604) 398-8839, IR@timiacapital.com 

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