Toll Brothers at Fosdick Glen will offer just 15 expansive home sites nestled in nature and close to downtown Ann Arbor
SALINE, Mich., April 09, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the company’s newest luxury single-family home community, Toll Brothers at Fosdick Glen, is coming soon to Saline, Michigan. Toll Brothers will offer 15 available home sites in this exclusive community located just 15 minutes from downtown Ann Arbor. Sales will begin in summer 2024.
Located off Bemis Road and Fosdick Road, just five minutes from Saline’s charming Main Street, Toll Brothers at Fosdick Glen will be nestled among 34 acres of open space with expansive half-acre+ private home sites. Home buyers will be able to choose from five exquisite home designs ranging from 2,627 to 3,273+ square feet each built with the outstanding quality, craftsmanship, and value for which Toll Brothers is known. Home designs will include 4 to 6 bedrooms, 2.5 to 5.5 baths, well-designed gourmet kitchens, private home offices, luxurious first- or second-floor primary bedroom suites, 2- or 3-car side-entry garages, plus options for multigenerational suites and finished basements.
“Toll Brothers at Fosdick Glen will offer residents a variety of versatile, open-concept floor plans with modern architecture and unrivaled personalization options at our state-of-the-art Design Studio,” said Isaac Boyd, Division President of Toll Brothers in Michigan. “We are excited to be building in Saline again where the top-rated schools match the top-tier recreational opportunities, all within proximity to exciting downtown areas, making this an ideal place to live.”
Surrounded by beautiful parks and nature trails, the Saline area offers endless recreational opportunities throughout all four seasons. Home buyers will also enjoy the nearby shopping, dining, arts and entertainment in downtown Saline, Ann Arbor, and Plymouth, as well as downtown Detroit’s sporting arenas, stadiums, and more. Children will have the opportunity to attend the highly acclaimed Saline Area School District, named the No.1 Best School District for Athletes in Michigan by Niche.com – and all schools are located less than 10 minutes away.
Major highways including Michigan Highway 14, Interstates 23, 94, 96, and 275, are easily accessible from Toll Brothers at Fosdick Glen, offering homeowners convenient access to any destination.
For more information on Toll Brothers at Fosdick Glen, call (866) 267-0537 or visit FosdickGlen.com.
About Toll Brothers
Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 57 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.
In 2024, Toll Brothers marked 10 years in a row being named to the Fortune World’s Most Admired Companies™ list. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.
From Fortune, ©2024 Fortune Media IP Limited. All rights reserved. Used under license.
Contact – Andrea Meck | Toll Brothers, Director, Public Relations & Social Media | 215-938-8169 | ameck@tollbrothers.com
Photos accompanying this announcement is available at:
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UNION CITY, Calif. & NEW YORK, April 03, 2024–(BUSINESS WIRE)–D.A. Davidson & Co. announced today that it has served as exclusive financial advisor to Proficium, Inc. (“Proficium” or the “Company”), a California-based networking solutions provider, on its significant growth investment from Mill Point Capital LLC (“Mill Point”), a lower middle-market private equity firm based in New York.
“Our partnership with Mill Point comes at an exciting time for our employees and our company. With Mill Point’s support, we will be able to take advantage of the vast opportunities ahead of us, driven by the widespread and ongoing growth in demand for datacenter capacity,” said Dan Miranda, Proficium’s Founder and Chief Executive Officer, who will continue to lead the Company. “The team at D.A. Davidson was instrumental to this process and we are thankful for the guidance they provided throughout. D.A. Davidson’s deep industry knowledge in communications technology, extensive relationships in the sector and transaction expertise played a critical role in driving a terrific outcome for us.”
Proficium specializes in the design, manufacturing and delivery of innovative products and value-added services for commercial AI infrastructures, hyperscale data centers and enterprise companies. Since it was founded in 2003, Proficium has been a trusted partner of many of the world’s largest technology clients.
“Dan and the Proficium team have done an outstanding job building the Company into a market leader providing mission-critical solutions to data centers, especially in the area of AI clusters,” said Brad Gevurtz, Managing Director at D.A. Davidson. “We are thrilled to have advised the Proficium team in this transaction and expect this partnership between the Company and Mill Point to significantly accelerate the Company’s growth plans over the next several years.”
D.A. Davidson served as exclusive financial advisor to Proficium.
“Davidson’s technology investment banking group truly understands the communications technology sector. They attend our trade shows, know our customers and our products, and were instrumental in getting an outcome for Proficium that far exceeded the founder’s expectations,” said Dan Bowlin, industry veteran and executive advisor for Proficium.
D.A. Davidson’s Technology Investment Banking practice brings sector knowledge, transactional expertise, and full-service capabilities to our clients. This transaction highlights the ongoing success of the Technology practice, which has completed 110+ transactions representing approximately $21 billion in value since 2020.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 29 states.
Subsidiaries include D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.
For more information, visit dadavidson.com.
About Proficium
Founded in 2003, Proficium is an industry leader at the forefront of revolutionizing the digital landscape. Proficium’s commitment to quality, competitive pricing, unbeatable service, and rapid delivery times set it apart as a trusted partner in today’s fast-paced technological landscape. For more information, please visit www.proficium.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240403843482/en/
Contacts
Deal Team Contacts
Brad Gevurtz, Managing Director | Portland, OR | BGevurtz@dadco.com
Amy Johnson, Managing Director | New York, NY | ASJohnson@dadco.com
David Douglas, Director | Portland, OR | DDouglas@dadco.com
Joseph Tamburello, Associate | New York, NY | JTamburello@dadco.com
Media Contact
Emily Roy
Prosek for D.A. Davidson
(646) 818-9232
eroy@prosek.com
HOLLYWOOD, Fla., April 03, 2024 (GLOBE NEWSWIRE) — NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has acquired ASG Engineering Consultants (“ASG”), a provider of structural engineering, permitting, and compliance services in Dubai, United Arab Emirates (UAE). ASG’s talented team of engineers, BIM technicians, and technical professionals have delivered engineering design and oversight services for premier education, hospitality, stadium, and commercial structures throughout the Middle East, particularly in Saudi Arabia and the UAE. The acquisition of ASG takes advantage of the booming development in the region and serves as a catalyst for additional organic growth, bringing NV5’s total number of technical professionals in the Middle East to more than 150. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.
“NV5’s international business has generated double-digit organic growth by strategically targeting high-demand assets such as data centers and mega projects in high-growth regions,” said Dickerson Wright, PE, Executive Chairman of NV5. “ASG’s leadership team and technical experts expand our capabilities and our ability to contract work in the Middle East, and ASG’s expertise will be extended to our Asia Pacific operations to create competitive advantages across all of our international operations.”
NV5’s Buildings and Technology design group has a successful history of teaming with ASG and will benefit from ASG’s structural engineering capabilities. Furthermore, ASG’s Architect of Record certification will allow NV5 to become the prime consultant on design projects that would have been restricted in the past. NV5’s full-service capabilities now include MEP, technology, and structural engineering, and these uniquely comprehensive design solutions will provide a competitive advantage when pursuing projects throughout the Middle East and Asia Pacific, including data center projects.
“Having worked with NV5 for many years, we are excited to join the NV5 team and look forward to the expanded scope of services we can now offer to our clients,” said Derek Astbury, Managing Director of ASG Engineering Consultants.
About ASG Engineering Consultants
Since 2008, ASG has provided structural engineering and architect of record services for some of the most influential facilities throughout the Middle East and in the United Kingdom. In addition to structural engineering design, ASG’s team of experienced resident and structural engineers take site roles for the duration of a project, from verification and submission of all related consultants designs to issuance of building completion certificates. For additional information, please visit www.asgconsultants.com.
About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: construction quality assurance, infrastructure engineering, utility services, buildings & program management, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on LinkedIn, Twitter, Facebook, and Instagram.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.
Investor Relations Contact
NV5 Global, Inc.
Jack Cochran
Vice President, Marketing & Investor Relations
Tel: +1-954-637-8048
Email: ir@nv5.com
BURLINGTON, Ontario, April 01, 2024–(BUSINESS WIRE)–Anaergia Inc. (“Anaergia” or the “Company“) (TSX: ANRG), a global renewable fuels leader, is pleased to announce that the second tranche of the previously announced equity investment of C$40.8 million (the “Strategic Investment“) from Marny Investissement SA (“Marny“), through a wholly owned subsidiary, Marny Holdco Inc. (“Marny Holdco“), has closed with the issuance of 34,000,000 units of the Company (“Units“) for gross proceeds of C$13.6 million.
Each Unit consists of one subordinate voting share of the Company (each a “Subordinate Voting Share“) and 1/5 of one Subordinate Voting Share purchase warrant of the Company (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Subordinate Voting Share at an exercise price of C$0.80 until February 2, 2027.
In connection with the closing of the second tranche of the Strategic Investment, Assaf Onn, a nominee of Marny Holdco, has been appointed to the Company’s board of directors to fill the vacancy created by the resignation of Douglas Fridrik Parkhill. The Company would like to sincerely thank Rik for his service and contributions to the Company.
Dr. Andrew Benedek agreed to convert one-third of all multiple voting shares of the Company (the “Multiple Voting Shares“) held by him into Subordinate Voting Shares on a 1-for-1 basis in accordance with Anaergia’s constating documents with the closing of each tranche of the Strategic Investment (the “Conversion“). With the closing of the second tranche of the Strategic Investment, Dr. Andrew Benedek now holds approximately 40.8% of the voting rights attached to the Subordinate Voting Shares and Multiple Voting Shares (on a non-diluted basis) and approximately 37.8% of the voting rights attached to the Subordinate Voting Shares and Multiple Voting Shares (on a partially diluted basis). Marny Holdco, owns and controls approximately 39.4% of the voting rights attached to the Subordinate Voting Shares and Multiple Voting Shares (on a partially diluted basis) and approximately 43.9% of the voting rights attached to the Subordinate Voting Shares and Multiple Voting Shares (on a partially diluted basis), assuming the exercise in full of the Warrants.
Please refer to the Company’s news releases dated December 18, 2023, January 2, 2024, January 19, 2024, January 25, 2024, February 2, 2024, March 13, 2024, and March 28, 2024 for more information with respect to the Strategic Investment.
About Marny
Marny is a Luxembourg-based holding company which focuses on investment properties in central and eastern Europe. Marny invests in high-quality projects that utilize advanced technology and materials and through Marny’s collaborations with its partners it ensures that its investments are well-managed and yield maximum value.
About Anaergia
Anaergia was created to eliminate a major source of greenhouse gases (“GHGs“) by cost effectively turning organic waste into renewable natural gas (“RNG“), fertilizer and water through the use of proprietary technologies. With a track record of delivering innovative projects, Anaergia is uniquely positioned to provide solutions to today’s most pressing resource recovery challenges using a broad portfolio of proven technologies and multiple project delivery methods. Anaergia is one of the world’s only companies with a proprietary portfolio of end-to-end solutions that integrate solid waste processing as well as wastewater treatment with organics recovery, high efficiency anaerobic digestion, RNG production and recovery of fertilizer and water from organic residuals. The combination of these technologies enhances carbon-negative biogas, clean water and natural fertilizer production, utilizes a minimized footprint and lowers waste and wastewater treatment costs and GHG emissions.
For further information please see: www.anaergia.com
Forward-Looking Statements
This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia’s current expectations regarding future events, including but not limited to, statements regarding the closing of the remaining tranche of the Strategic Investment and the release of the Units thereunder upon Anaergia’s receipt of gross proceeds and the timing thereof. Forward-looking information is based on a number of assumptions, including, but not limited to the timeliness of Anaergia’s receipt of the gross proceeds; the ability of the parties to satisfy the conditions required to close the remaining tranche of the Strategic Investment; the Company’s ability to meet its financing and liquidity requirements on a continuing basis. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to, counterparty risk exposure and the factors discussed under “Risk Factors” in the Company’s annual information form for the fiscal year ended December 31, 2022 and under “Risks and Uncertainties” in the Company’s most recent management’s discussion and analysis. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. Additional information on these and other factors that could affect Anaergia’s operations or financial results are included in Anaergia’s reports on file with Canadian regulatory authorities.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States or other jurisdiction in which such offer, solicitation or sale would be unlawful.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240401631134/en/
Contacts
For media and/or investor relations please contact: IR@Anaergia.com
BURLINGTON, Ontario, March 29, 2024–(BUSINESS WIRE)–Anaergia Inc. (“Anaergia” or the “Company“) (TSX: ANRG), a global renewable fuels leader, is pleased to announce that, following the initiation on March 28, 2024 by Marny Investissement SA (“Marny“) of a C$13.6 million wire payment and its bank confirmation of the same, the second tranche of the previously announced equity investment of C$40.8 million (the “Strategic Investment“) from Marny has closed, in escrow.
The 34,000,000 units of the Company (“Units“) in respect of the second tranche will be released from escrow following Anaergia’s receipt of the gross proceeds expected forthwith. Each Unit consists of one subordinate voting share of the Company (each a “Subordinate Voting Share“) and 1/5 of one Subordinate Voting Share purchase warrant of the Company (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Subordinate Voting Share at an exercise price of C$0.80 for a period of three years following the closing of the first tranche of the Strategic Investment.
In connection with the closing of the second tranche of the Strategic Investment, Assaf Onn, a nominee of Marny, will be appointed to the Company’s board of directors to fill the vacancy to be created by the resignation of Douglas Fridrik Parkhill. The Company would like to sincerely thank Rik for his service and contributions to the Company.
The third tranche of the Strategic Investment, with respect to 36,750,000 Units for gross proceeds of C$14.7 million, is expected to close by April 5, 2024, subject to a limited number of customary conditions.
Please refer to the Company’s news releases dated December 18, 2023, January 2, 2024, January 19, 2024, January 25, 2024, February 2, 2024 and March 13, 2024 for more information with respect to the Strategic Investment.
About Marny
Marny is a Luxembourg-based holding company which focuses on investment properties in central and eastern Europe. Marny invests in high-quality projects that utilize advanced technology and materials and through Marny’s collaborations with its partners it ensures that its investments are well-managed and yield maximum value.
About Anaergia
Anaergia was created to eliminate a major source of greenhouse gases (“GHGs“) by cost effectively turning organic waste into renewable natural gas (“RNG“), fertilizer and water through the use of proprietary technologies. With a track record of delivering innovative projects, Anaergia is uniquely positioned to provide solutions to today’s most pressing resource recovery challenges using a broad portfolio of proven technologies and multiple project delivery methods. Anaergia is one of the world’s only companies with a proprietary portfolio of end-to-end solutions that integrate solid waste processing as well as wastewater treatment with organics recovery, high efficiency anaerobic digestion, RNG production and recovery of fertilizer and water from organic residuals. The combination of these technologies enhances carbon-negative biogas, clean water and natural fertilizer production, utilizes a minimized footprint and lowers waste and wastewater treatment costs and GHG emissions.
For further information please see: www.anaergia.com
Forward-Looking Statements
This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia’s current expectations regarding future events, including but not limited to, statements regarding the closing of the remaining tranches of the Strategic Investment and the release of Units thereunder upon Anaergia’s receipt of the gross proceeds and the timing thereof. Forward-looking information is based on a number of assumptions, including, but not limited to, the timeliness of Anaergia’s receipt of the gross proceeds; the ability of the parties to satisfy the conditions required to close the remaining tranches of the Strategic Investment; the Company’s ability to meet its financing and liquidity requirements on a continuing basis. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to, risk related to any unexpected delay in Anaergia’s receipt of the gross proceeds; counterparty risk exposure and the risk that the remaining tranches of the Strategic Investment may not be completed or may not be completed in a timely manner; the risk that any enforcement actions taken by Anaergia and/or the preservation of all other legal rights and remedies available to it may be unsuccessful; and the factors discussed under “Risk Factors” in the Company’s annual information form for the fiscal year ended December 31, 2022 and under “Risks and Uncertainties” in the Company’s most recent management’s discussion and analysis. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. Additional information on these and other factors that could affect Anaergia’s operations or financial results are included in Anaergia’s reports on file with Canadian regulatory authorities.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States or other jurisdiction in which such offer, solicitation or sale would be unlawful.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240328460446/en/
Contacts
For media and/or investor relations: IR@Anaergia.com
VANCOUVER, British Columbia, March 10, 2024 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the “Company”) today announced that its Chvaletice Manganese Project (“Chvaletice” or the “Project”) is formally listed1 as under appraisal for debt financing with the European Investment Bank (“EIB”). Funding from the EIB would complement a broader funding package to support the development of the Company’s high-purity battery-grade manganese plant in the Czech Republic.
Highlights
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Euro Manganese’s Chvaletice Project has progressed to the formal appraisal stage for debt financing with the EIB in what was a significant milestone in securing funds for the Czech Republic’s high-purity manganese production plant
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Chvaletice is the European Union’s (“EU”) sole large manganese reserve, positioning Euro Manganese as a key supplier of local, recycled, ESG compliant high-purity manganese for the European EV market
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Recognised by the EU as both a Strategic and Critical Raw Material source, the Chvaletice Project is set to boost EU resilience in battery materials while delivering environmental benefits through historical tailings remediation
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Debt financing from the EIB supports the aims of the inter-governmental Minerals Security Partnership (“MSP”), which includes 13 countries and the EU, that has endorsed the Chvaletice Project as a key initiative
Dr. Matthew James, President & CEO of Euro Manganese, commented:
“The advancement of our Chvaletice Manganese Project to a formal under appraisal level signals the EIB’s commitment to supporting sustainable opportunities in the battery supply chain. Chvaletice remains the only sizable proven and probable reserve of manganese in the European Union and through the Project, Euro Manganese will be uniquely positioned to provide a secure, traceable, and responsibly produced supply of high-purity manganese products to the European electric vehicle market. With the European Bank of Reconstruction and Development (“EBRD”) already as a key shareholder, today’s announcement is another key step towards achieving project funding. We look forward to obtaining EIB’s continued support for this strategic project.”
The EIB notes: “The European Commission has identified both battery-grade manganese and manganese as ‘Strategic Raw Material’ and “Critical Raw Material”, being highly relevant not only for the green and digital transitions, but also for strategic technologies and sectors. The Chvaletice Manganese Project represents an important circular economy-based source of high purity manganese and will supply the battery value chain with a key raw material that is largely imported, increasing the EU’s resilience. The Project will also include multiple environmental benefits from the remediation of the historic tailings area, particularly in terms of soil quality and freshwater quality.”
In October 2023, the Chvaletice Project was named as a project to be supported under the inter-governmental MSP, a collection of 13 countries and the European Union, representing over 50 percent of global GDP. The MSP aims to catalyze public and private sector investment to build diverse, secure and responsible critical mineral supply chains globally.
About Euro Manganese
Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and pursuing an opportunity to produce battery-grade manganese products in Bécancour, Québec.
The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.
Euro Manganese is dual listed on the TSX.V and the ASX, and is also traded on the OTCQX.
Authorized for release by the CEO of Euro Manganese Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the ASX accepts responsibility for the adequacy or accuracy of this release.
Enquiries
Dr. Matthew James
President & CEO
+44 (0)747 229 6688
LodeRock Advisors
Neil Weber
Investor and Media Relations – North America
+1 (647) 222-0574
neil.weber@loderockadvisors.com
Jane Morgan Management
Jane Morgan
Investor and Media Relations – Australia
+61 (0) 405 555 618
jm@janemorganmanagement.com.au
Company Address: #709 -700 West Pender St., Vancouver, British Columbia, Canada, V6C 1G8
Website: www.mn25.ca
Forward-Looking Statements
Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Such forward-looking information or statements include, but are not limited to, statements regarding the Company’s intentions regarding the development and advancement of the Chvaletice Project in the Czech Republic, the ability of the Company to secure funding from EIB or any broader funding package to finance the Project, continuing support from EIB, continuing support from MSP and its partners, anticipated environmental benefits from the Project, and that the Project represents an important circular economy-based source of high purity manganese and will supply the battery value chain with a key raw material.
Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.
All forward-looking statements are made based on the Company’s current beliefs including various assumptions made by the Company, including that: the Company can achieve its goals; that the political and community environment in which the Company operates in will continue to support the development and operation of the Company’s projects; and assumptions related to the factors set out herein. Factors that could cause actual results or events to differ materially from current expectations include, among other things, risks and uncertainties related to the availability of acceptable financing; the ability to meet conditions of secured financing and risks related to security; the ability to obtain, amend, or maintain necessary licenses, or permits; risks related to acquisition of surface rights; changes in laws or regulations; and regulation by various governmental agencies. For a further discussion of risks relevant to the Company, see “Risk Factors” in the Company’s annual information form for the year ended September 30, 2023, available on the Company’s SEDAR profile at www.sedarplus.ca
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
____________________________________
1 https://www.eib.org/en/projects/pipelines/all/20220372
Kuala Lumpur, Malaysia, May 22, 2023 (GLOBE NEWSWIRE) — Starbox Group Holdings Ltd. (Nasdaq: STBX) (the “Company” or “Starbox Group”), announces that its Malaysian subsidiary, Starbox Rebates Sdn. Bhd., has entered into a software licensing agreement (the “Agreement”) with 1 Pavilion Property Consultancy Sdn. Bhd. (“1Pavilion”), a Kuala Lumpur-based company specializing in the sales and marketing of premium luxury properties.
Pursuant to the Agreement, the Company has agreed to provide technology support with its unique, internally developed IT system to help 1Pavilion use the Company’s data management system to better target customers and improve operational efficiency. The salient terms of the Agreement are as follows:
i) The contract period shall be for three years, commencing May 18, 2023,and ending May 17, 2026 (the “Contract Period”);
ii) The total contract sum during the Contract Period is RM12,400,000.00 (equivalent to US$2,757,087.92, based on the exchange rate of US$1.00: RM4.50 as of May 17, 2023); and
iii) The Company will grant 1Pavilion access to its data management system and will help train the staff of 1Pavilion with respect to its use.
Mr. Lee Choon Wooi, Chief Executive Officer and Chairman of the Board of Directors of Starbox Group, commented, “We are delighted to have signed the Agreement with 1Pavilion, demonstrating our market recognition and providing us with technology driven income stream for the next three years. Being a tech-driven company, Starbox Group will continue to dedicate itself to research and development and technological innovation. We believe our newly developed technologies, such as data management and the A.I. Calculation Engine, will help 1Pavilion to scale its business and improve operational efficiency. Looking forward, we will keep upgrading our technology system to meet the demand of our clients across various industries, which is expected to boost our business and revenue growth in the long term.”
About 1 Pavilion Property Consultancy Sdn. Bhd.
1 Pavilion Property Consultancy Sdn. Bhd. is a Kuala Lumpur-based company, specializing in the sales and marketing of premium luxury properties brand. All information about 1 Pavilion Property Consultancy Sdn. Bhd. contained herein has been reviewed and approved by 1 Pavilion Property Consultancy Sdn. Bhd.
About Starbox Group Holdings Ltd.
Headquartered in Malaysia, Starbox Group Holdings Ltd. is a technology-driven, rapidly growing company with innovation as its focus. Starbox is building a cash rebate, digital advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises that lack the bandwidth to develop an in-house data management system for effective marketing. The Company connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants on its GETBATS website and mobile app. The Company provides digital advertising services to advertisers through its SEEBATS website and mobile app, GETBATS website and mobile app and social media. The Company also provides payment solution services to merchants. For more information, please visit the Company’s website: https://ir.starboxholdings.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
Starbox Group Holdings Ltd.
Investor Relations Department
Email: ir@starboxholdings.com
Ascent Investors Relations LLC
Tina Xiao
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com