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A-Labs Closes a CA $9.26 million Round of Finance for ZOOMD Technologies on the Toronto Stock Exchange Ventures
A-Labs Closes a CA $9.26 million Round of Finance for ZOOMD Technologies on the Toronto St...
About this update from Zoomd Technologies Ltd.
[{"type":"text","content":"\n\n\n\nA-Labs Closes a CA $9.26 million Round of Finance for ZOOMD Technologies on the Toronto Stock Exchange Ventures\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\n\n\n\n\n\n\nThe onsite search and martechmonetization company has started trading at a CA $93 million valuation (TSX:ZOMD) and seeks global expansion via targeted acquisitions\nCanada NewsWire\nTEL-AVIV, Israel, Sept. 5, 2019\n\n\n\n TEL-AVIV, Israel, Sept. 5, 2019 /CNW/ -- A-Labs Advisory & Finance Ltd. (\"A-Labs\") announces today the successful closing of the round of finance, in collaboration with Haywood Securities Inc. and Eight Capital Corp., for ZOOMD Technologies Inc. (\"ZOOMD\"). The transaction was performed via an RTO (Reverse Take Over) into a capital pool company (\"CPC\") traded on the Toronto Stock Exchange ventures (\"TSXv\") in Canada. Other participants in the RTO included Goodmans LLP, DTKGG Law and Deloitte. \nZoomd, an Israeli company, and its founders were well received by the Canadian investment pool, with a positive aftermarket performance of 25% rise on the first day of trading. \nZoomd is the first-of-its-kind site search, mobile user-acquisition and retention platform offering one solution for both online publishers and advertisers looking to increase content monetization via higher user engagement. \nZopmd has demonstrated aggressive growth,tripling its revenues and profitability since 2017. Zoomd is currently working with clients in more than 80 countries, including major worldwide companies such as Poker Stars Group, Shein, bWin (GVC Group), FoxNews, 90Min, Alibaba Group, Wowcher, TikTok, ComScore, NHN  and many others. \nNoah Hershcoviz, A-Labs Managing Partner said \"ZOOMD is comprised of data specialists at the highest level. They have demonstrated superior technology and stronger financial growth than most of their peers. We believe their unique talent for M&A will be the main source of their growth and as such, being public turns their stock into a valuable currency. The TSXv is a great market for companies like ZOOMD and we thank their management and Yossi Boker...