– Transformation of public company identity into Montfort Capital highlights recent expansion into new private credit sectors with significant growth in total assets
VANCOUVER, BC, June 8, 2022 /CNW/ – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSXV: TCA) (OTCQB: TIMCF), an innovative leader in the field of specialized private credit, is pleased to announce its intention to change the name of the public company to Montfort Capital Corp. (“Montfort”).
“We are delighted to present to you Montfort as a leading innovator in specialty private credit,” said mike walkinshaw, CEO of Corporation Montfort Capital. “Counting ongoing acquisitions, our business will have more than tripled in size over the past year to more than $450 million assets, as we have leveraged our expertise and scalable loan origination and management platform beyond technology loans. As a core part of our growth model, we have combined focused, experienced management teams and used cutting-edge technology to create superior fee-based revenue.”
TIMIA has applied for stock symbol changes with the TSX-V and the OTC, whereby the common shares of Montfort should begin trading on the TSX Venture Exchange under the new stock symbol “MONT” and on the OTCQB under the stock symbol “MONTF”. The Company has also requested that its preferred A shares begin trading on the TSX Venture Exchange under the new symbol “MONT.PR.A”. The Company expects to announce the effective dates of the symbol changes upon exchange confirmation.
Montfort’s The mission is to create value for investors by building and managing specialized finance brands while leveraging a technology-enabled lending platform to reduce costs and improve performance. Montfort’s brands, starting with TIMIA Capital and Pivot Financial, span several lending sectors and are therefore resilient in its diversification.
Private Credit is an attractive asset class of privately negotiated debt financing from non-bank lenders such as Montfort’s group of companies. Montfort is committed to building a family of private credit brands that offers private credit to diverse market segments. It offers equity investors access to an early-stage private credit manager growth opportunity that has not been readily available in the past. Additionally, unlike its private counterparts, as a publicly traded company Montfort offers:
Transparency – Montfort investors have peace of mind with unparalleled insight into our portfolio.
Flexibility – We have more financing options available to acquire companies to our group.
Creative expansion – We have the ability to acquire other private credit companies.
Continuous operational improvement – Our fintech platform enables active credit monitoring for the best market returns.
TIMIA also announces that it has entered into an advertising and investor outreach campaign agreement (the “Agreement”) with Dig Media Inc. dba Investing News Network (“INN”). INN is a private company headquartered in Vancouver, Canadadedicated to providing independent information and education to investors since 2007.
INN will introduce the company to INN’s audience of active and educated investors. Using a variety of methods, including an enhanced advertiser profile, news marketing, website and newsletter advertising, and dedicated emails, INN will encourage its audience to engage directly with the company. to consider investing in the company. INN does not provide investor relations or market making services as defined by the policies of the TSX Venture Exchange (the “TSXV”). The Undertaking is subject to acceptance by TSXV.
Under the terms of the Agreement with INN, the Company has agreed to pay INN $48,000 for the 12-month campaign, payable in cash in installments of $4,000 per month. All payments will come from existing working capital. INN and the Company are dealing at arm’s length and INN has no interest in the securities of the Company.
About Montfort Capital Corporation
Montfort manages a diverse family of specialty private credit brands that use focused strategies and experienced management teams combined with cutting-edge technology to improve fee-related performance. Montfort facilitates transparency for all its investors through public company reporting. For more information, visit www.montfortcapital.com
About TIMIA Capital Corporation
The company democratizes private credit for investors by offering a wide range of specialized private credit opportunities with transparency and efficiency, facilitated by the company’s proprietary technology platform. These high-yield lending opportunities are offered through operating divisions: TIMIA Capital, which offers revenue-based investments to fast-growing software-as-a-service (or SaaS) companies in North Americaand Pivot Financial which specializes in asset-based private lending targeting middle market borrowers in Canada. The Company deploys funds on behalf of limited partnerships, institutions, retail investors, high net worth individuals, its management team and shareholders. For more information on TIMIA and SaaS loans, please visit www.timiacapital.com. For more information on Specialized Private Credit and Pivot, please visit: www.pivotfinancial.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 press release.
Certain information and statements contained in this press release contain and constitute forward-looking information or forward-looking statements as defined by applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements normally contain words such as “believe”, “expect”, “anticipate”, “plan”, “intend”, “continue”, “estimate”, “may”, “will” , “should”, “ongoing”‘ and similar expressions, and in this press release include any statement (whether express or implied) regarding the Company’s name change, the Company’s new trading symbols and the timing of the change in name and trade symbols, the making of future acquisitions and the future growth of the Company, the development of private labels and the benefits of the Company’s agreement with INN. 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 under the circumstances, including, without limited to, the following assumptions: The Company and its investees are able to achieve their respective future objectives and priorities, assumptions regarding general economic growth and the absence of unforeseen changes in the legislative and regulatory framework of the Company.
Although management believes the forward-looking statements are reasonable, actual results could differ materially due to risks and uncertainties associated with and inherent in Timia’s business. The material risks and uncertainties applicable to the forward-looking statements set forth herein include, but are not limited to: the conditions of the proposed acquisitions not being satisfied; that the acquisitions proposed by the Company will not be carried out; that the Company’s name change will not have the expected benefits, that the targets of the Company’s acquisition projects will not achieve their growth and profitability objectives; the Company not having sufficient financial resources to carry out the proposed transaction and achieve its objectives; intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and litigation risks. Although Timia has attempted to identify factors that could 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 those anticipated, predicted, estimated. or planned. In addition, many factors are beyond Timia’s control. 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 required by law. All forward-looking statements contained in this press release are qualified by this cautionary statement.
SOURCETIMIA Capital Corp.
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