Ivrnet Central Exceeds First Half Targets
https://www.marketwatch.com/press-release/ivrnet-central-exceeds-first-half-targets-2018-08-24
ORIGINAL: Ivrnet Inks Sales Partnership with Imagine Wireless
2018-10-16 09:04 ET - News Release
CALGARY, AB / ACCESSWIRE / October 16, 2018 / Ivrnet Inc. (TSXV:IVI) is pleased to announce a sales and marketing partnership with one ofWestern Canada’s premier wireless communications resellers, Imagine Wireless.Imagine Wireless has locations across WesternCanada, in Vancouver, Surrey, Victoria, Canmore, Banff, Calgary, and Edmonton.
Initially envisioned as a partnership to sell products such as Telepayand Safepay into new markets, a wide array of Ivrnet products includingIvrnet’s membership management solutions, Financial Processing solutions, andNextext advertising platform are a great complement to Imagine Wireless’ clientbase.Through the newly minted andexpanding partnership, Ivrnet will provide both standard products and exclusiveproduct packages for Imagine Wireless and their clients.
“Ivrnet and Imagine Wireless are a fantastic complement,” stated ChrisTopolniski, COO of Ivrnet. “Ivrnet’sunique product set provide new opportunities for Imagine Wireless’s sales teamand new solutions for their clients, while Imagine Wireless’ deep and expertteam provides greatly expanded reach and new markets for Ivrnet products.”
Under the terms of the partnership agreement Ivrnet will provideexclusivity to Imagine Wireless within the latter’s market and Imagine Wirelesswill provide a committed sales effort for Ivrnet’s products to thatmarket. As a result, Ivrnet will provideboth differentiation and enhanced solutions to Imagine Wireless’ offerings andImagine Wireless will provide Ivrnet’s sales efforts a geographic extensioninto major centers across western Canada.
About Ivrnet
Ivrnet is a software and communications companythat develops, hosts, sells and supports value added business automationsoftware. Our products and services are delivered through the traditional phonenetwork and the Internet. These applications facilitate automated interactionthrough personalized communication between people; mass communication fordisseminating information to thousands of people concurrently and personalizedcommunication between people and automated systems. Ivrnet’s applications are accessiblethrough nearly any form of communication technology, at any time, from anywherein North America via voice, phone, fax, email, texting and the Internet.
About Imagine Wireless
Established in 1994, Imagine Wireless isCalgary’s largest locally owned Rogers authorized dealership. They offer afirst-class sales and service experience to all customers who walk into any oneof their 10 retail locations across Calgary, Banff and Canmore.
As a Rogers Business Elite Partner, they arealso their clientele’s source for all wireless and wireline solutions. Theytake an innovative-led approach to help clients “imagine and invent” theirfuture by providing leading edge wireless mobile voice and data solutions,business telecom solutions and satellite solutions in addition to having aknowledgeable corporate account team proficient in mobile data and voicetechnologies. By combining their capabilities to invent, develop and deliverdisruptive innovations for clients and to scale them faster.
They use their industry and business-processknowledge, service offering expertise and insight and understanding of emergingtechnologies trends to formulate and implement solutions for clients. They havedemonstrated commitment to their corporate clients by listening to andanticipating their needs. They have a proven track record providing andsupporting the necessary products, solutions and services to increaseefficiencies and maintain competitive advantages for clients. With over 50years of combined wireless experience from their Account Management and Salesteam and a retail experience that is second to none, Imagine Wireless is theonly name to know in telecom solutions. Their strategy is focused on helpingclients improve operational performance, deliver their products and servicesmore effectively and efficiently and grow their businesses in existing and newmarkets.
Je suis en train de revoir mes cibles de rendement et vous donnez quoi comme prix cible pour IVI?
@MrK C’est une bonne question surtout suite aux dernières annonces d’ajouts d’entreprises de revendeurs et au fait que les marges ont augmenté à 71 % au cours du dernier trimestre.
Il devrait être plus facile de répondre avec une nouvelle présentation aux investisseurs.
Je détient une importante position.
RC Morris Relaxes Repayment Terms, Ivrnet Seeks to Replace with Less Costly Capital
December 04, 2018 (ACCESSWIRE via COMTEX) – CALGARY, AB / ACCESSWIRE / December 4, 2018 / Ivrnet Inc. (IVI) (“Ivrnet” or the “Corporation”) announces it has restructured the repayment terms with R.C. Morris Capital Management Ltd.'s mezzanine loan as part of a recent initiative to replace the financing with less expensive capital.
Following six quarters of positive EBITDA, growth in new product sales, and reduced operating costs, Ivrnet is returning to the financial markets for a replacement to the mezzanine financing provided by R.C. Morris Capital Management Ltd.in 2016.
“The capital provided by RC Morris in 2016 was instrumental to Ivrnet’s productization of 15 years of intellectual property, and to the restructuring of Ivrnet’s SaaS infrastructure”, said David Snell, Ivrnet’s CEO, “but the company has progressed to a point where it believes less expensive capital is an option. RC Morris has been a great partner, and as such are very supportive of replacing their own debt with financing more suitable at this time.”
Over the last 3 months Ivrnet has explored options with alternate financers and has several proposals on the table. “We want to ensure that Ivrnet takes the right deal for the company, not just the first deal that comes along, so we have presented to them a relaxation of the loan repayment to provide time to evaluate and select the best deal”, stated Conrad Krebs of RC Morris. As part of the loan restructuring, RC Morris will allow Ivrnet to make interest only payments for up to 18 months. The intent, however, is to remove the RC Morris loan before that time.
“RC Morris’ goal has always been to work with clients that could not find alternative financing and help them grow to the point that we are no longer needed. We are proud of the positive impact this has on our clients and feel Ivrnet is ready to take this step”, continued Mr. Krebs.
In addition to providing the relaxation, RC Morris has agreed to provide consulting services to assist Ivrnet in evaluating deals and preparing materials.
Pas de dilution mais ça me semble quand même assez «cher» comme termes. Mobile Royalty va potentiellement doublé son argent en 2 ans, l’équivalent de 41.5% composé annuellement en plus de garder une royauté de 15% dans le futur (avec possibilités de se faire racheter cette royauté à 3x les derniers trois mois de royautés reçues au moment du rachat)…
Ivrnet Signs Term Sheet for $900,000 Partnership
CALGARY, AB / ACCESSWIRE / December 10, 2018 / Ivrnet Inc. (TSXV: IVI) (“Ivrnet” or the “Corporation”) has signed a term sheet with Mobile Royalties Corp. (“Mobile Royalty”), a private equity firm, for the sale of a royalty on future NexText revenues. In the term sheet, Mobile Royalty agrees to pay Ivrnet $900,000 for a 40% share in NexText revenues that will decrease to 15% upon Mobile Royalty receiving $1.8M of royalty payments over the next two years. Should it take longer than two years for Mobile Royalty to receive $1.8M of royalty payments, the revenue share will drop from 40% to 15% upon after $2.7M of royalty payments being completed. As part of the Mobile Royalty deal, Ivrnet retains the rights to repurchase the long term royalty stream - once the royalty has decreased to 15% - at 3x the annualized previous three months Royalty payments. Royalty purchase is at Ivrnet’s option. No finder’s fees, broker’s fees and/or commissions will be paid in connection with the royalty sale.
“Ivrnet is pleased to find a partner to assist with the growth of the NexText Mobile Advertising platform,” states Chris Topolniski, Ivrnet COO. “Capital raised through this royalty deal will provide considerable resources to the sales and marketing of NexText, accelerating growth significantly faster than we could otherwise do. With faster growth we expect to generate more net revenue for Ivrnet, even factoring in the royalty sharing.”
Use of proceeds from the royalty sale will be restricted to sales, marketing, development or other efforts that advance the NexText platform.
“Mobile Royalty is yet another strategic partnership to close out 2018,” adds David Snell, Ivrnet CEO. “The Mobile Royalty partnership adds to the recently announced sales partnerships with Imagine Wireless and Altitude Communications, as well as the most recently announced technology and sales partnership with BiLDIT.”
“Mobile Royalty adds a non-dilutive, non interest baring financial partner to our recent initiatives, providing a key component to our stated goal of increasing sales activities 10 fold in 2019 over the beginning of 2018. We are thrilled to have this opportunity to add to the resources of Ivrnet without incurring dilution to our shareholders,” concludes Snell.
The Mobile Royalty deal is expected to complete towards the end of December 2018 or early 2019. As previously mentioned, no commissions or fees will be paid by Ivrnet in connection with this sale.
Pour réaliser 1.8M$ en paiements de royauté, il faut que la compagnie réalise des ventes cumulées de 4.5M$ sur deux ans.
En 2017, les revenus de NexText se sont chiffrés à plus de 390,000$, soit près de 75% des revenus du segment User Engagement.
Après 9 mois en 2018, le segment User Engagement a réalisé des ventes de 484,000$. À mon avis, on peut estimer de façon réaliste que le niveau de ventes de NexText est actuellement de 500,000 à 600,000$ annuellement. Je serais étonné que ce soit bien plus que ça puisqu’il n’y a eu aucune expansion géographique depuis le lancement du produit il y a 2 ans. Pour voir une croissante soutenable, il faut i) plus de villes et ii) plus de services/volume par ville.
À mon avis, la croissance sera bien plus lente qu’anticipée et la royauté pourrait s’avérer moins onéreuse que prévue si ça prend 5 ans pour atteindre le 2.7M$ en paiements de royauté (6.75M$ en ventes cumulées).
An 1 - 750,000$
An 2 - 1,000,000$
An 3 - 1,500,000$
An 4 - 2,000,000$
An 5 - 2,500,000$
Cumulatif - 7,750,000$ donc atteinte du 2.7M$ à l’an 5. Si ventes annualisées de 2.5M$ par année, le rachat à 3x coûterait un 1.125M$ additionnel.
En somme, 2.7M$ + 1.125M$ = 3.825M$ en paiements sur 5 ans sur un prêt de 900K$ - j’arrive à un taux estimé de 33-34% (avec modèle naïf C=P(1+i)^n)
Ça reste cher, mais compte tenu du risque pour ce type de financement c’est le prix à payer j’imagine…
La vraie question: est-ce vraiment mieux que le prêt au bilan de RC Morris actuellement? Ou qu’un financement en équité aux conditions actuelles de marché? Vous en pensez quoi?
Petit vidéo explicatif sur NexText :
Ivrnet Inc. Announces Execution of Support Agreement and Purchase Agreement
C’est la fin pour Ivrnet…
Triste j’ai découvert le monde merveilleux/impitoyabe 
des microcaps à travers Ivrnet