TORONTO, Jan. 13 /CNW/ - Valucap Investments Inc. (TSX-V: V) ("Valucap") has invested $150,000 in equity securities of Bee Media Inc. with an
option to increase its participation to $1.0 million.
Bee Media's goal is to launch a premier hyper-local mobile media
platform, enabled by a next generation Wi-Fi network to be installed in
leading retail locations. Bee Media is building a mobile media network
across Canada which will allow national and local advertisers to target
consumers with relevant information and valuable offers where they
shop. Bee Media currently has and is developing partnerships with
leading retailers, media buying companies, advertisers and carriers.
Regarding the investment from Valucap, Doug Woolridge, President and CEO
of Bee Media, said, "We consider it a very exciting time for the
location-based mobile media industry. Due to the ongoing fragmentation
of traditional media, and the emergence of new technology-driven
platforms such as ours, we believe our shareholders will have an
opportunity to participate in the value created by the emergence of
entirely new mobile direct marketing strategies. We are well
positioned to take advantage of this new trend, with our mobile media
network able to deliver targeted marketing messaging to consumers at
the moment they are making a decision about which brand to purchase.
Valucap is a strategic investor in our sector, and we believe there are
opportunities to leverage their knowledge to further our success. We
look forward to working with them."
"We are pleased to be participating in this exciting venture which is
synergistic with other investments and is in a space which is poised
for fast growth," said Jeffrey Watts, President and Chief Executive
Officer 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:
For additional information please contact Valucap Investments Inc.:
|Jeffrey S. Watts|
President and Chief Executive Officer
Tel: 1 (416) 364-2591