RESAAS Engages Liolios Group to Lead New Strategic Financial Communications Programadmin
RESAAS Engages Liolios Group to Lead New Strategic Financial Communications Program
Vancouver, British Columbia CANADA, January 10, 2014 /FSC/ – RESAAS Services Inc. (RSS – CNQ), The Real Estate Social Network(tm) has entered into an agreement dated January 8, 2014 whereby Liolios Group, Inc. will lead a new investor relations and financial communications program.
Liolios Group will work closely with RESAAS management to develop and execute on a comprehensive capital markets strategy, which will include corporate messaging and positioning, strategic advisory services, and introductions to new investors and key influencers across the global financial community.
Scott Liolios, founder and president of Liolios Group, commented, “We believe RESAAS presents a tremendous opportunity for us to leverage our recent cross-border client successes as well as our expertise, presence and relationships to effectively execute a comprehensive investor relations program. We look forward to working closely with the RESAAS team to articulate the company’s compelling story to the global financial community.”
“Over the last 12 months we have significantly grown the RESAAS platform and we are pleased to have entered into a strategic financial communications program with Liolios Group,” added Cam Shippit, CFO of RESAAS. “Given our scale and momentum, we believe now is the time for RESAAS to engage an experienced team of investor relations professionals to help us navigate the capital markets and increase the awareness of our company. Liolios Group brings a proven track record of helping companies like RESAAS enhance shareholder value by delivering the right message to the right audience, and building high quality, long-term relationships in the global investment community.”
Founded in 1999 and based in Southern California, Liolios Group combines deep capital markets expertise gained from years of Wall Street experience with extensive investor relations and strategic consulting capabilities. The firm has since expanded its U.S. presence, opening an office in New York City. Liolios Group also has an office in Toronto, Canada to support its growing North American client base and institutional relationships in the Canadian market.
Under the agreement, Liolios Group will provide services to RESAAS for an initial term of 12 months for a monthly fee and options to purchase common shares of RESAAS at the minimum exercise price permitted by CSE policy, exercisable for three years, and vesting as follows:
* 50,000 shares immediately;
* 15,000 shares after three months;
* 15,000 shares after six months;
* 15,000 shares upon each qualified, non-paid sell-side research report procured by Liolios Group; and
* 50,000 shares on closing of certain capital-raising transactions.
As well, Liolios Group may receive additional fees for developing marketing materials for certain capital-raising transactions.
About Liolios Group
Founded in Newport Beach, California in 1999, Liolios Group, Inc. is a highly selective and comprehensive investor relations firm specializing in micro to mid-cap companies. Liolios Group aims to deliver superior performance in corporate messaging and positioning, investor awareness, analyst and financial press coverage, and capital attraction. Liolios Group’s senior partners each have more than 16 years of experience in finance and investments, and have represented more than 125 companies in a wide range of industries. For more information about Liolios Group, go to www.liolios.com.
About RESAAS Services Inc.
RESAAS – The Real Estate Social Network(tm), is designed specifically for the real estate professional to connect and communicate in real-time. Known as real estate broadcasts, RESAAS’ powerful reblasts(r) engine automatically generates all of your real estate workflow into valuable social content that is instantly pushed out to the RESAAS platform and other social networks. Visit www.resaas.com for more information.
On Behalf of RESAAS
Chief Financial Officer
RESAAS Services Inc.
Telephone: (604) 558-2929; Email: email@example.com
RESAAS Services Inc.
Telephone: (604) 558-2929; Email: firstname.lastname@example.org
Investor Relations Contact
Michael Koehler or Matt Glover
Liolios Group Inc.
Telephone: (949) 574-3860; Email: RESAAS@liolios.com
The CSE has not reviewed, nor approved or disapproved the content of this press release.
This press release and the company’s website referenced herein may include forward-looking information within the meaning of Canadian securities legislation, concerning the company’s technology platform. Forward-looking information is based on certain key expectations and assumptions made by RESAAS’ management, including future plans for the design and development of the company’s technology platform. Although RESAAS believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because RESAAS can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. RESAAS disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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Source: RESAAS Services Inc. (CNSX: RSS) http://www.resaas.com
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Posted: January 10th, 2014 under FSCWIRE.