Business
BeWhere Holdings Inc. Announces Expedited Acquisition and Appointment of Board Member
TORONTO, ON / ACCESSWIRE / January 8, 2025 / BeWhere Holdings Inc. (the " Corporation " or " BeW...
About this update from Bewhere Holdings, Inc.
[{"type":"text","content":"BeWhere Holdings Inc. Announces Expedited Acquisition and Appointment of Board MemberTORONTO, ON / ACCESSWIRE / January 8, 2025 / BeWhere Holdings Inc. (the \"Corporation\" or \"BeWhere\") (TSXV:BEW)(OTCQB:BEWFF) announces that pursuant to an arm's length agreement dated January 8, 2025, the Corporation has agreed to acquire 100% of the issued shares of a United States Corporation which provides Installation, Field Service and Warehousing / Logistics for IoT device and solutions companies. The purchase price for the shares is USD600,000, which is payable in cash in the amount of USD250,000 and by the issuance of a total of 690,141 Common Shares of the Corporation at a deemed price of CAD 0.71 per share for a total amount of CAD490,000 (USD350,000). Total revenue and net income of the target company for trailing twelve months was USD 1.2 Million (CAD 1.68 million) (unaudited) and USD 170,000 (CAD 238,000) (unaudited), respectively.The acquisition will enable BeWhere to operate a wholly owned US subsidiary providing local Installation and Product Shipping / Logistics for a growing US client base in addition to servicing an existing client base.The transaction is subject to final acceptance by the TSX Venture Exchange.Appointment of Board MemberBeWhere is pleased to announce the appointment of Peter Wilcox to the Board of Directors. Mr. Wilcox brings a wealth of experience in the telecommunications industry, currently serving as Director of Technical Product Management at Bell Canada. His two-decade career has focused on leading high-performing product teams and delivering innovative solutions across a range of technologies including 5G, IoT, Private Mobile Networks, connected car technologies and internet and media services. His expertise in solving complex enterprise digital transformation challenges will be invaluable to BeWhere.At Bell, Peter spearheaded the development of Bell's 5G developer program, accelerating business adoption of 5G through strategic partnerships. Peter holds an Honours Business Administration degree from the Ivey Business School at Western University and is a charter member of the Innovation North lab, dedicated to reimagining corporate innovation through systems thinking to create better business outcomes and a more prosperous, resilient, and sustainable future.\"We are happy to have Peter join BeWhere's...