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Press Release: Pushfor Investments Enters Into Agreement to Acquire Equity Interest in Education Revolution LLC

Press Release: Pushfor Investments Enters Into Agreement to Acquire Equity Interest in Education Revolution LLC

新闻稿:Pushfor Investments达成协议收购教育革命有限责任公司的股权
Dow Jones Newswires ·  2021/11/23 07:00

Pushfor Investments Enters Into Agreement to Acquire Equity Interest in Education Revolution LLC

Pushfor Investments达成协议收购教育革命有限责任公司的股权

SURREY, British Columbia, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Pushfor Investments Inc. (CSE: PUSH, OTC: PUSOF, FFT: 713) (the "Company" or "Pushfor") is pleased to announce that it has entered into a capital contribution agreement (the "Agreement") with Education Revolution LLC ("EdRev"), a U.S. based provider of the award-winning Socrates Learning System. Pursuant to the terms of the Agreement, the Company will acquire approximately fifteen percent (15%) equity interest in EdRev.

不列颠哥伦比亚省萨里,2021年11月23日(环球网)--Pushfor Investments Inc.(CSE:PUSH,OTC:PUSOF,FFT:713)(以下简称“公司”或“Pushfor”)高兴地宣布,它已与美国的教育革命有限责任公司(“Edrev”)签订了一项出资协议(“协议”),后者是一家提供屡获殊荣的苏格拉底学习系统的美国公司。根据该协议的条款,该公司将收购埃德雷夫公司大约15%(15%)的股权。

EdRev's award-winning Socrates Learning Platform is a comprehensive multistage and multilanguage Educational Technology ("Edtech") learning platform that bridges the home and classroom learning experiences and develops individualized learning paths for students across thousands of educational categories.

埃德雷夫屡获殊荣的苏格拉底学习平台是一个综合性的多阶段多语言教育技术(“EdTech”)学习平台,将家庭和课堂学习体验连接起来,并为数千种教育类别的学生开发个性化的学习途径。

"The pandemic has created new challenges for our education system as well as amplifying existing ones. Making up for lost classroom time and increasing gaps in student capabilities will require a new generation of tools that engage students while providing teachers and parents with actionable feedback on the active progress of the student," stated Education Revolution's President and CEO Brian Rosenberg. "Our partnership with Pushfor will help us to bring the next generation to the market as well as expand the scope of our educational content".

教育革命的总裁兼首席执行官布莱恩·罗森伯格表示:“这场流行病给我们的教育系统带来了新的挑战,也扩大了现有的挑战。弥补失去的课堂时间和学生能力上的差距将需要新一代的工具来吸引学生,同时为教师和家长提供关于学生积极进步的可行反馈。”“教育革命”的总裁兼首席执行官布莱恩·罗森伯格(Brian Rosenberg)表示。我们与Pushfor的合作将帮助我们将下一代推向市场,并扩大我们教育内容的范围。

Socrates provides an adaptive platform that connects home and classroom learning experiences and develops adaptive and customizable learning paths for children across a wide array of educational categories. The platform provides a vast and growing range of academic content and is already used in homes, elementary and middle schools. This dynamic platform was awarded a grant by the U.S. National Science Foundation for its unique and innovative solution offering significant societal benefits to students and educators.

苏格拉底提供了一个自适应平台,将家庭和课堂学习体验连接起来,并为各种教育类别的儿童开发自适应和可定制的学习路径。该平台提供了广泛且不断增长的学术内容,已经在家庭、小学和中学使用。这一动态平台因其独特而创新的解决方案为学生和教育工作者带来了巨大的社会效益,获得了美国国家科学基金会的奖励。

Terms of Agreement

协议条款

Pursuant to the Agreement, Pushfor will acquire approximately a fifteen percent (15%) equity interest in EdRev in consideration of (i) a cash contribution of USD $200,000 payable on January 1, 2022; and (ii) the issuance of five million (5,000,000) common shares in the share capital of the Company at a per-share price to be established in accordance with the ten (10) day volume-weighted average price (VWAP) of the Company's listed shares as of today's date, for a total approximate share value of USD $350,000. The shares to be issued as consideration of the Agreement will be subject to a customary four (4) month hold period. Closing of the Agreement is set to occur on January 1, 2022, and is subject to the satisfaction of customary closing conditions.

根据该协议,Pushfor将收购Edrev大约15%(15%)的股权,代价是(I)于2022年1月1日支付20万美元的现金出资;(Ii)发行500万股(500万美元)公司股本中的普通股,每股价格将根据公司截至今天的上市股票十(10)天成交量加权平均价格(VWAP)确定,总股票价值约为35万美元。(2)根据协议,Pushfor将收购Edrev约15%(15%)的股权,代价是(I)于2022年1月1日支付20万美元的现金出资;(Ii)发行500万(500万)股公司股本中的普通股,每股价格将根据公司截至今天的10天成交量加权平均价格(VWAP)确定作为协议的对价而发行的股票将受到通常四(4)个月的持有期的限制。协议将于2022年1月1日结束,并取决于是否满足惯常的结束条件。

The agreement was negotiated at arm's length between the Company and EdRev.

该协议是在公司和埃德雷夫之间保持一定距离谈判达成的。

Termination of Term Sheet with Education Revolution LLC

终止与教育革命有限责任公司的条款说明书

The Company also announces that the non-binding term sheet with EdRev, previously announced on September 8, 2021, has been terminated. In connection with the term sheet and the proposed acquisition of 100% of the issued and outstanding common shares of EdRev that has been terminated, the Company provided EdRev with a USD $100,000 loan by way of a promissory note that will apply against the cash contribution of USD $200,000 payable as consideration of the Agreement.

该公司还宣布,先前于2021年9月8日宣布的与埃德雷夫公司的非约束性条款说明书已经终止。关于条款说明书以及收购已终止的Edrev已发行和已发行普通股100%的建议,本公司以本票的形式向Edrev提供了100,000美元的贷款,该贷款将用于抵销作为协议对价而应付的200,000美元的现金贡献。

About Education Revolution LLC: Education Revolution, named a top 10 startup in Las Vegas, was awarded a Small Business Innovation Research grant from the National Science Foundation. The Socrates Learning System personalizes learning for any learning topic while making learning fun, challenging, and engaging. Socrates includes powerful features allowing educators and parents to understand where students may need help and to help them on their learning journey.

关于教育革命有限责任公司:教育革命公司被评为拉斯维加斯十大创业公司之一,获得了国家科学基金会颁发的小企业创新研究基金。苏格拉底学习系统使任何学习主题的学习个性化,同时使学习变得有趣、富有挑战性和引人入胜。苏格拉底包括强大的功能,允许教育者和家长了解学生在哪里可能需要帮助,并在学习过程中帮助他们。

About Pushfor Investments Inc: Pushfor invests in both public and private companies in the technology space along with various other cutting-edge solutions in Canada and the United States. Our services involve giving our investors a technology-based portfolio of the latest products in an integrated model as a cross-technology investment platform. Our common shares are listed for public trading on the Canadian Securities Exchange, the U.S. over the counter market, and Germany on the Frankfurt exchange. (CSE: PUSH, OTC: PUSOF, FFT: 713)

Pushfor投资公司简介:Pushfor投资于技术领域的公共和私人公司,以及加拿大和美国的各种其他尖端解决方案。我们的服务包括为我们的投资者提供以技术为基础的最新产品组合,作为一个跨技术投资平台的综合模式。我们的普通股在加拿大证券交易所、美国场外交易市场和德国法兰克福交易所公开交易。(CSE:PUSH,OTC:PUSOF,FFT:713)

Cautionary Note Regarding Forward Looking Statements

有关前瞻性陈述的注意事项

All statements contained in this press release about anticipated future events constitute forward-looking statements. Forward-looking statements involve risks and uncertainties, as they reflect management's current beliefs and are based on information currently available to management. Actual results may differ materially from those anticipated in the statements made. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this news release and Pushfor assumes no obligation to update or revise them to reflect new events or circumstances except as expressly required by applicable securities law. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by Pushfor with the securities regulatory authorities, available at www.sedar.com.

本新闻稿中包含的有关预期未来事件的所有陈述均为前瞻性陈述。前瞻性陈述涉及风险和不确定性,因为它们反映了管理层当前的信念,并基于管理层目前掌握的信息。实际结果可能与声明中预期的大不相同。这一警告性声明明确地限定了前瞻性声明的全部内容。这些前瞻性陈述是截至本新闻稿发布之日作出的,除非适用的证券法明确要求,否则Pushfor没有义务更新或修改它们以反映新的事件或情况。有关不确定性和风险的更多信息可在普什福尔提交给证券监管机构的披露文件中找到,该文件可在www.sedar.com上查阅。

On Behalf of the Board

我谨代表董事会

Michael D. Noonan

迈克尔·D·努南(Michael D.Noonan)

Chief Executive Officer and Chief Financial Officer

首席执行官兼首席财务官

For further information:

有关更多信息,请访问:

Tel: (604) 357-4730

电话:(604)357-4730

Email: info@pushinvesting.com

电子邮件:info@ushinving.com

Web: www.pushinvesting.com

网址:www.ush investing.com

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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