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TIMIA Capital Announces First Successful Exit from Revenue Finance Investment
VANCOUVER, BC / ACCESSWIRE / August 29, 2017 / TIMIA Capital Corporation (TSX-V: TCA) (''TIM...
About this update from Montfort Capital Corp
[{"type":"text","content":"TIMIA Capital Announces First Successful Exit from Revenue Finance InvestmentVANCOUVER, BC / ACCESSWIRE / August 29, 2017 / TIMIA Capital Corporation (TSX-V: TCA) (''TIMIA'' or the ''Company'') is pleased to announce that it has completed the first exit from one of its revenue finance investments, Lambda Solutions Inc. (''Lambda'').\nThe proceeds of this exit, plus monthly payments received over the life of the investment, totalled $823,000 and represent a 22% annualized IRR on the $600,000 investment. TIMIA will recognize a net book value gain of $35,000 on the disposition of this facility.\nTIMIA's investment strategy is to earn significant returns for its shareholders via a combination of steady monthly payments and occasional capital gains when investee companies exit TIMIA's investment facility.\nLambda was TIMIA's first revenue finance investment in August, 2015 and has significantly grown its revenue and shareholder value over the past 24 months. \n''TIMIA was proud to have been a key investment partner for Lambda Solutions Inc. over the past 24 months,'' says Mike Walkinshaw, CEO of TIMIA, ''and our investment capital helped the company breakthrough critical milestones.''\nTIMIA looks forward to re-deploying the capital into new and existing revenue finance investments in the coming months. This forward looking statement is subject to the forward looking disclaimer contained below.\nAbout TIMIA Capital Corporation\nTIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for a royalty stream on revenue. The alternative financing option complements both debt and equity financing, while allowing entrepreneurs to retain control of their business. TIMIA's target market is the fast-growing business-to-business software-as-a-service (SaaS) segment. TIMIA is managed by a seasoned investment team with a track record of originating and managing debt and equity investments, as well as monitoring, compliance and workouts. \nFor more information about TIMIA Capital Corporation, please visit www.timiacapital.com \nFor more information, please contact: \nMike Walkinshaw\nChief Executive Officer\nTIMIA Capital Corporation\n(604) 398-8839\[email protected] \nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies...