Business
County Capital One Ltd. Signs Definitive Agreement with ADCORE and Files Non-Offering Preliminary Prospectus to Advance Qualifying Transaction
TORONTO, ON / ACCESSWIRE / April 18, 2019 / County Capital One Ltd. (the " Corporation "),...
About this update from Adcore Inc
[{"type":"text","content":"County Capital One Ltd. Signs Definitive Agreement with ADCORE and Files Non-Offering Preliminary Prospectus to Advance Qualifying TransactionTORONTO, ON / ACCESSWIRE / April 18, 2019 / County Capital One Ltd. (the \"Corporation\"), a \"capital pool company\" pursuant to the policies of the TSX Venture Exchange (the \"Exchange\") announces that it has entered into a definitive securities exchange agreement dated April 18, 2019 with Podium Advertising Technologies Ltd. d/b/a ADCORE (\"ADCORE\") in furtherance of the Corporation's proposed Qualifying Transaction (the \"Proposed Transaction\"). The Corporation also filed a preliminary non-offering prospectus with the Exchange and the securities regulators in the provinces of Ontario, British Columbia and Alberta in respect of the Proposed Transaction (the \"Preliminary Prospectus\"). The Preliminary Prospectus can be found on the Corporation's profile on www.sedar.com.ADCORE is a leading provider of smart algorithms and machine-learning powered advertising technologies. ADCORE's suite of solutions empowers digital advertisers with automated solutions to enhance and maximize their Search Engine Marketing (\"SEM\"). ADCORE's technologies are designed for in-house marketing professionals, freelancers and advertising agencies to scale their SEM activity and maximize their ROI.By combining extensive industry knowledge and experience with its proprietary artificial intelligence (\"AI\") engine, ADCORE offers a unique SEM platform. In addition to being named numerous times on Deloitte's Fast 50 Technology list, ADCORE is a certified Google Premier Partner.ADCORE serves hundreds of clients worldwide including: Digital Marketing Agencies, e-Commerce Businesses, Travel, Financial Technology and Gaming Companies and its strength as an agile and leading player in the industry has led to winning the largest online tender to date in Israel, a CAD $27 million contract with the Israel Government Advertising Agency.Established in 2006 and 100% owned by its founder and CEO, Mr. Omri Brill, ADCORE employs over thirty people in its headquarters in Tel Aviv, Israel and satellite offices in Melbourne, Australia and Winnipeg, Manitoba.ADCORE finished its December 31, 2018 fiscal year with sales of approximately CAD $12 million (audited) and adjusted EBITDA of approximately CAD $4 million (based on exchan...