Concierge Technologies Inks Deal for Another Acquisition

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Concierge Technologies Inks Deal for Another Acquisition

PR Newswire

VALLEY CENTER, Calif., Oct. 20, 2017 /PRNewswire/ – Concierge Technologies, Inc. (OTCQB: CNCG) today announced that their wholly owned subsidiary Kahnalytics, Inc. has signed an agreement to acquire the assets and business of The Original Sprout LLC, a California Limited Liability Company (“OS”). Upon consummation of the transaction, Kahnalytics will begin operating under the fictitious business name “Original Sprout”.

Concierge Technologies, Inc.

Original Sprout, a manufacturer and distributor of clean, non-toxic, all-natural hair care and skin products, was founded in 2003 by master hair stylist Inga Tritt www.originalsprout.com. Since that time the company’s distribution has grown to include major grocery store chains, professional salons, health and beauty stores, family resorts, and hundreds of individually owned retail and internet outlets. Originally conceived as a non-toxic baby shampoo, the product line has been expanded over the years to include an adult hair and skin care line, specialties for teens, and additions such as sun screen and lotions. The complete line remains true to its heritage of all-natural, non-toxic, ingredients. The brand is well recognized and in use by caring mothers, celebrities and royalty alike world-wide.

The purchase price, subject to certain adjustment provisions, will be paid in cash by Concierge Technologies. The closing of the transaction is contingent upon final documentation and certain legal and regulatory compliances that are usual and customary for a transaction of this nature. Management expects the transaction to be concluded by the end of November 2017.

David Neibert, President of Kahnalytics and CFO of Concierge Technologies, remarked, “We are excited to be taking this next step in the continued growth of Concierge and its subsidiaries. Original Sprout is a remarkable company and Inga Tritt has created a remarkable product. We’re looking forward to working closely with her over the coming years, continuing to advance the range of the products while expanding beyond the traditional market niche. If you’re not yet a believer, visit a store and try her products. We think you’ll agree that Original Sprout bests the competition, and that made the deal for us!”

About Concierge Technologies

Founded in 1996, Concierge Technologies, Inc. today is a global conglomerate with operating businesses in financial services, food manufacturing, and security systems.  Concierge’s common stock is listed as “CNCG” on the OTCQB Exchange.

This release may contain “forward-looking statements” that include information relating to future events and future financial and operating performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting Concierge Technologies or its subsidiary companies, please refer to the Company’s recent Securities and Exchange Commission filings, which are available at the Company’s website (www.conciergetechnology.net) or at www.sec.gov.

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SOURCE Concierge Technologies, Inc.

CI Financial announces earnings conference call and webcast

CI Financial announces earnings conference call and webcast

Canada NewsWire

TORONTO, Oct. 19, 2017 /CNW/ – CI Financial Corp. (“CI”) will release its financial results for the third quarter of the 2017 fiscal year on Thursday, November 9, 2017. The results will be issued through CNW Group Ltd. and on www.cifinancial.com.

CI will hold a conference call with analysts that day at 4 p.m. Eastern Time, led by Chief Executive Officer Peter Anderson and Chief Financial Officer Douglas Jamieson. The call and a slide presentation will be accessible through a webcast at www.ci.com/q3. Alternatively, investors may listen to the discussion by dialing (416) 406-0743 or 1-800-898-3989 (passcode: 4363471#).

A replay of the call will be available until November 23, 2017 at 11:59 p.m. at (905) 694-9451 or 1-800-408-3053 (passcode: 6407151#). The webcast will be archived at www.ci.com/q3.

About CI Financial
CI Financial Corp. (TSX: CIX) is an independent Canadian company offering global asset management and wealth management advisory services. Its primary operating businesses are investment managers CI Investments Inc. and Sentry Investments Inc., advisory businesses Assante Wealth Management and Stonegate Private Counsel, Grant Samuel Funds Management of Australia, and First Asset Investment Management Inc., a leader in providing actively managed exchange-traded funds to the Canadian marketplace. Further information is available at www.cifinancial.com.

SOURCE CI Financial Corp.

View original content: http://www.newswire.ca/en/releases/archive/October2017/19/c2844.html

AllBanc Split Corp. Declares Quarterly Dividends

AllBanc Split Corp. Declares Quarterly Dividends

Canada NewsWire

TORONTO, Oct. 19, 2017 /CNW/ – The Board of Directors of AllBanc Split Corp. (the “Company”) has today declared dividends of $0.3164 per Preferred Share and $0.5300 per Capital Share, payable on December 8, 2017 to holders of record at the close of business on November 24, 2017. 

Holders of Preferred Shares are entitled to receive quarterly fixed cumulative distributions equal to $0.3164 per Preferred Share. The Company’s Capital Share dividend policy is to pay a quarterly dividend on the Capital Shares equal to the dividends received on the underlying portfolio securities minus the dividends payable on the Preferred Shares and all administrative and operating expenses provided the net asset value per Unit at the time of declaration, after giving effect to the dividend, would be greater than the original issue price of the Preferred Shares.

AllBanc Split Corp. is a mutual fund corporation created to hold a portfolio of publicly listed common shares of selected Canadian chartered banks. Class A Capital Shares, and Class C Preferred Shares of AllBanc Split Corp. are listed for trading on The Toronto Stock Exchange under the symbols ABK.A and ABK.PR.C respectively.

SOURCE Allbanc Split Corp.

View original content: http://www.newswire.ca/en/releases/archive/October2017/19/c6283.html