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TIMIA Announces Successful Exit From Real Savvy Financing
TIMIA Announces Successful Exit From Real Savvy Financing Canada NewsWire VANCOU...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n\n\n\nTIMIA Announces Successful Exit From Real Savvy Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Aug. 14, 2019\n\n\n\n~Financing facility payout generates 20% return in 10 months ~\n VANCOUVER, Aug. 14, 2019 /CNW/ - TIMIA Capital Corporation (\"TIMIA\" or the \"Company\") (TSX-V:TCA/OTC: TIMCF) announced today that its previously announced US$1 million financing for Real Savvy Inc (\"Real Savvy\"), of Austin Tx, has been paid out. Over the last 10 months, Real Savvy has paid TIMIA US$1,200,000 in a combination of return of principal, interest and early redemption payments.\n\"Generating this type of return, in such a short period of time, is a great outcome for TIMIA,\" said Mike Walkinshaw, CEO of TIMIA. \"At the same time, our capital was critical in helping Real Savvy achieve key targets over the past 10 months.\"\nOn October 17, 2018, the Company announced a US$2.5 million financing facility for Real Savvy including an initial disbursement of US$1,000,000.  No further disbursements were made and the initial disbursement has been re-paid.\nTIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. As part of TIMIA's revenue financing solution, it advances capital to a SaaS business in exchange for monthly payments that are a combination of principal and interest, with a repayment schedule sculpted to the portfolio company's revenue. The amounts advanced are secured and may be repaid early.  The Company expects to make further investments in the coming months, in the pursuit of its business model, which is to earn a combination of monthly payments and periodic gains on investments.\nAbout TIMIA Capital CorporationTIMIA 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 o...