TORONTO, Aug. 7 /CNW/ - Valucap Investments Inc. (V.H-NEX) ("Valucap")
announced that it has entered into an agreement to make an investment of
$2,100,000 in 80/20 Solutions Inc. ("80/20") by way of a private placement for
convertible preferred shares and warrants of 80/20. The investment will be
made in several tranches over the next seven months, and will be subject to
various conditions, including the graduation of Valucap from the NEX to the
Tier 2 of the TSX Venture Exchange, and the achievement by 80/20 of certain
milestones in the development of its business. In addition to the investment,
Valucap will provide management consulting services to 80/20 to assist with
the development of its business, and Jeffrey S. Watts, the President and CEO
of Valucap, will join the board of directors of 80/20.
"This investment in Software as a Service (SaaS) for marketers is tightly
aligned with our investment model and value added capabilities." Mr. Watts
stated and added, "This combined with the growth potential of 80/20 Solutions
Inc. and the strength of their management team we believe provides us an
exceptional launching point for the next chapter of Valucap."
Valucap is an investment issuer and is interested in making investments
in emerging technologies and markets. Valucap intends to become a leading
small cap Canadian equity company that specializes in investing in
commercialized and undercapitalized companies that have high growth potential.
Specifically, Valucap seeks to generate above average investment returns on
its capital by providing "transaction driven" growth capital to micro and
small cap companies which operate within preferred industry sector
classifications. The common shares of Valucap are currently listed on the NEX.
Valucap has applied to graduate the listing of its common shares to Tier 2 of
the TSX Venture Exchange.
About 80/20 Solutions
80/20 Solutions is an innovative Software-as-a-Service company that is an
emerging leader in the engagement marketing platform marketplace. The company
has developed a patent-pending web-based engagement marketing software that
empowers non-technical marketers to cost-efficiently manage and optimize
one-to-one database marketing campaigns from end-to-end, resulting in
real-time targeted offers and communications that lead directly to more
profitable customer relationships. 80/20 Solutions has helped industry leading
companies such as Pizza Pizza, Virgin Mobile, and JT International to
significantly improve their return on investment and customer lifetime value
by empowering them with a central marketing platform, best practices
understanding and supporting services.
This press release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact, included herein,
including without limitation, statements regarding future plans and objectives
of Valucap, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from
those anticipated in such statements.Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information: Valucap Investments Inc.: Jeffrey S. Watts,
President and Chief Executive Officer, Tel: (416) 364-2591, Email: