share_log

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

新聞稿:Pushfor Investments達成協議收購教育革命有限責任公司的股權
Dow Jones Newswires ·  2021/11/23 07:00

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

Pushfor Investments達成協議收購教育革命有限責任公司的股權

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.

不列顛哥倫比亞省薩裏,2021年11月23日(環球網)--Pushfor Investments Inc.(CSE:PUSH,OTC:PUSOF,FFT:713)(以下簡稱“公司”或“Pushfor”)高興地宣佈,它已與美國的教育革命有限責任公司(“Edrev”)簽訂了一項出資協議(“協議”),後者是一家提供屢獲殊榮的蘇格拉底學習系統的美國公司。根據該協議的條款,該公司將收購埃德雷夫公司大約15%(15%)的股權。

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.

埃德雷夫屢獲殊榮的蘇格拉底學習平臺是一個綜合性的多階段多語言教育技術(“EdTech”)學習平臺,將家庭和課堂學習體驗連接起來,併為數千種教育類別的學生開發個性化的學習途徑。

"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".

教育革命的總裁兼首席執行官布萊恩·羅森伯格表示:“這場流行病給我們的教育系統帶來了新的挑戰,也擴大了現有的挑戰。彌補失去的課堂時間和學生能力上的差距將需要新一代的工具來吸引學生,同時為教師和家長提供關於學生積極進步的可行反饋。”“教育革命”的總裁兼首席執行官布萊恩·羅森伯格(Brian Rosenberg)表示。我們與Pushfor的合作將幫助我們將下一代推向市場,並擴大我們教育內容的範圍。

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.

蘇格拉底提供了一個自適應平臺,將家庭和課堂學習體驗連接起來,併為各種教育類別的兒童開發自適應和可定製的學習路徑。該平臺提供了廣泛且不斷增長的學術內容,已經在家庭、小學和中學使用。這一動態平臺因其獨特而創新的解決方案為學生和教育工作者帶來了巨大的社會效益,獲得了美國國家科學基金會的獎勵。

Terms of Agreement

協議條款

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.

根據該協議,Pushfor將收購Edrev大約15%(15%)的股權,代價是(I)於2022年1月1日支付20萬美元的現金出資;(Ii)發行500萬股(500萬美元)公司股本中的普通股,每股價格將根據公司截至今天的上市股票十(10)天成交量加權平均價格(VWAP)確定,總股票價值約為35萬美元。(2)根據協議,Pushfor將收購Edrev約15%(15%)的股權,代價是(I)於2022年1月1日支付20萬美元的現金出資;(Ii)發行500萬(500萬)股公司股本中的普通股,每股價格將根據公司截至今天的10天成交量加權平均價格(VWAP)確定作為協議的對價而發行的股票將受到通常四(4)個月的持有期的限制。協議將於2022年1月1日結束,並取決於是否滿足慣常的結束條件。

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

該協議是在公司和埃德雷夫之間保持一定距離談判達成的。

Termination of Term Sheet with Education Revolution LLC

終止與教育革命有限責任公司的條款説明書

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.

該公司還宣佈,先前於2021年9月8日宣佈的與埃德雷夫公司的非約束性條款説明書已經終止。關於條款説明書以及收購已終止的Edrev已發行和已發行普通股100%的建議,本公司以本票的形式向Edrev提供了100,000美元的貸款,該貸款將用於抵銷作為協議對價而應付的200,000美元的現金貢獻。

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.

關於教育革命有限責任公司:教育革命公司被評為拉斯維加斯十大創業公司之一,獲得了國家科學基金會頒發的小企業創新研究基金。蘇格拉底學習系統使任何學習主題的學習個性化,同時使學習變得有趣、富有挑戰性和引人入勝。蘇格拉底包括強大的功能,允許教育者和家長了解學生在哪裏可能需要幫助,並在學習過程中幫助他們。

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投資公司簡介:Pushfor投資於技術領域的公共和私人公司,以及加拿大和美國的各種其他尖端解決方案。我們的服務包括為我們的投資者提供以技術為基礎的最新產品組合,作為一個跨技術投資平臺的綜合模式。我們的普通股在加拿大證券交易所、美國場外交易市場和德國法蘭克福交易所公開交易。(CSE:PUSH,OTC:PUSOF,FFT:713)

Cautionary Note Regarding Forward Looking Statements

有關前瞻性陳述的注意事項

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.

本新聞稿中包含的有關預期未來事件的所有陳述均為前瞻性陳述。前瞻性陳述涉及風險和不確定性,因為它們反映了管理層當前的信念,並基於管理層目前掌握的信息。實際結果可能與聲明中預期的大不相同。這一警告性聲明明確地限定了前瞻性聲明的全部內容。這些前瞻性陳述是截至本新聞稿發佈之日作出的,除非適用的證券法明確要求,否則Pushfor沒有義務更新或修改它們以反映新的事件或情況。有關不確定性和風險的更多信息可在普什福爾提交給證券監管機構的披露文件中找到,該文件可在www.sedar.com上查閲。

On Behalf of the Board

我謹代表董事會

Michael D. Noonan

邁克爾·D·努南(Michael D.Noonan)

Chief Executive Officer and Chief Financial Officer

首席執行官兼首席財務官

For further information:

有關更多信息,請訪問:

Tel: (604) 357-4730

電話:(604)357-4730

Email: info@pushinvesting.com

電子郵件:info@ushinving.com

Web: www.pushinvesting.com

網址:www.ush investing.com

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論