TORONTO, May 17 /CNW/ - Valucap Investments Inc. (TSX-V: V) ("Valucap") has invested $250,000 in Outside Intelligence, Inc. ("OIQ") pursuant to a convertible debenture bearing interest at 15% per
annum, maturing on February 28th, 2013. The investment is convertible
into OIQ common shares based on a formula which is a function of
valuation at the time of conversion.
Outside Intelligence is a Business Intelligence company whose OIQ
Discovery Platform™ proprietary search technology delivers highly
relevant, noise-free information that enable enterprises to make better
decisions, faster - creating new revenue opportunities while reducing
Mr. Dan Adamson, President and CEO of OIQ, stated that "Content is out
of control and growing. Organizations struggle to manage their own
internal data - let alone make sense of the vastly expanding "digital
universe" of data available through the web. Compressed decision-making
times don't allow for finding the needles in the 'digital haystack'
that would greatly decrease risk and improve decision outcomes.
Solutions built with Outside Intelligence are designed to solve this
real world problem."
"Over the past year the team at OIQ has continued to impress us with
their progress. During this time they have made significant leaps
forward by demonstrating the commercial viability of their solutions
and the ability of the platform to scale," said Jeffrey Watts,
President and CEO 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 TSX Venture Exchange.
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 and the future plans, objectives and actions of
the companies in which it invests, 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
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.
SOURCE Valucap Investments Inc.
For further information:
Valucap Investments Inc.:
Jeffrey S. Watts
President and Chief Executive Officer
Tel: 1 (416) 364-2591