TORONTO, Nov. 5 /CNW/ - Valucap Investments Inc. (V-TSXV) ("Valucap") announced that it has closed the third tranche of its $2,100,000 private placement in 80/20 Solutions Inc. ("80/20"), previously announced on August 7, 2009. As result of the achievement of certain milestones set out in the subscription agreement, Valucap has advanced $1,500,000 to date, including the current tranche for $450,000.
"We are pleased that 80/20 has exceeded the operational targets agreed to for funding in each of the three tranches to date," said Mr. Watts, President & CEO of Valucap Investments Inc.
Mr. Steve Irvine, President & CEO of 80/20 Solutions Inc. stated, "We are laser focused on scaling our business and fully committed to our aggressive growth targets. We are particularly proud of sales achievements this past quarter which included the signing of additional marquee brands such as The Stitch It Group."
Valucap is an investment issuer and is interested in acquiring influential positions in venture stage Canadian technology companies. Valucap seeks to invest in companies that are positioned to leverage the rapid adoption of emerging technology shifts such as "cloud computing", Web 2.0, and Software as a Service (SaaS). The Company provides investees with both the capital and management support required to exploit opportunities for growth.
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.
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SOURCE VALUCAP INVESTMENTS INC.
For further information: For further information: Valucap Investments Inc.: Jeffrey S. Watts, President and Chief Executive Officer, Tel: (416) 364-2591, Email: email@example.com