Real Estate

Commercial Home Building Property Management REIT Real Estate Residential
News Release Digital Asset Direct

American Equipment Holdings Expands Footprint to the Midwest via Acquisition of Kistler Crane & Hoist

Rotunda Capital Partners LLC

American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired Kistler Crane & Hoist (“Kistler Crane”), one of the Midwest’s leading providers of overhead crane systems and maintenance, repair and overhaul (MRO) field services. The acquisition of Kistler Crane is the sixth acquisition completed by American Equipment since partnering with Rotunda in May of 2021. Based in Omaha, Nebraska, Kistler Crane will expand American Equipment’s geographic footprint to the Midwest, enabling both companies to extend their MRO field services and production reach to better serve national and regional customers. American Equipment’s best-in-class quoting, engineering, new equipment and parts resources will also strengthen Kistler Crane’s value-proposition and solution capabilities for its longstanding blue-chip customer base. Collectively, American Equipment and Kistler Crane will pursue additional complementary acquisitions throughout the midwestern U.S. Kistler Crane’s owner, Mark McElligott, will continue to lead Kistler Crane as a division of American Equipment post-transaction. “We are excited to welcome Kistler Crane to the American Equipment family and to partner with Mark, and the entire Kistler team,” said American Equipment CEO Adam Zimmerman. “The acquisition of Kistler Crane is another significant milestone in our strategy of expanding our geographic footprint and solution capabilities across the U.S. by acquiring long-tenured, best-in-class overhead crane production and MRO field service businesses.” “We are excited to join American Equipment on its journey of becoming a national one-stop-shop overhead crane solutions provider. After our initial meeting, it was obvious to us that American Equipment was the right partner for us given our shared values around customer service, employee culture, safety and integrity,” said Mark McElligott, owner of Kistler Crane. “We are excited by the many new possibilities this partnership creates that will enable us to deliver maximum value to our customers across the country and to provide meaningful opportunities for our employees.” About American Equipment Holdings American Equipment Holdings is home to a collection of leading overhead crane and hoist distributors and field service providers, including American Equipment, Allied Crane, Eastern Crane & Hoist, Facilities Engineering, Kistler Crane & Hoist, Pacific Crane & Hoist, and Washington Crane & Hoist. The consolidated entity is one of the largest independently owned overhead crane and hoist solutions providers in the country, serving over 4,000 customers across more than 20 strategic locations nationwide. Together, American Equipment Holdings provides comprehensive solutions for everything related to customers’ overhead crane and hoist needs, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated systems, system modernizations and training. American Equipment Holdings represents the industry’s leading manufacturers such as Detroit Hoist, Columbus McKinnon, ACCO, R&M, Demag, Gorbel, Spanco, IMS, Harrington, Conductix, Magnetek & PE, among others, and customers rely on its service, design, engineering, fabrication, and installation capabilities to meet their unique application needs. American Equipment Holdings serves local, regional and national customers across a variety of end markets, including light & heavy industrial, automotive, mining, public utilities, military, aerospace & defense and energy, among others. For more information, visit www.amquipinc.com. American Equipment is aggressively seeking to acquire other overhead crane and material handling equipment, parts and service solution providers and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Harrison Furse, Vice President of Business Development at Rotunda Capital Partners, regarding acquisition opportunities. About Kistler Crane & Hoist Founded in 1964, Kistler Crane & Hoist is a leading provider of comprehensive overhead crane solutions, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, new and replacement equipment, and system modernizations. Kistler Crane is based in Omaha, Nebraska and serves customers throughout Nebraska, Iowa, Kansas, Missouri and South Dakota. www.kistlercraneandhoist.com About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial & business services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://www.rotundacapital.com

February 23, 2022 07:43 AM Eastern Standard Time

VIEW LABS RECOGNIZED BY GLOBEST. AS A TOP INFLUENCER IN COMMERCIAL REAL ESTATE TECHNOLOGY

View Labs

View Labs — a provider of cutting-edge video and digital solutions that bring businesses and brands to life with interactive video, metaverse experiences, virtual touring and more—has been recognized by GlobeSt., a leading commercial real estate (CRE) publication, on its 2022 list of CRE Tech Influencers. View Labs was selected for revolutionizing the use of digital solutions in the CRE business by shaping the real, mixed reality and digital worlds through its interactive 360° video content capabilities, as well as its mixed reality platform, Augmented Virtual Reality (AVR). “We are honored that View Labs has been named an ‘Influencer in CRE Tech’ by GlobeSt.,” stated View Labs CEO Bryan Colin. “Since View Labs was founded, we’ve worked alongside some of the biggest brands in the real estate industry and across several other sectors, reimagining how technology is utilized, and we’ve continuously evolved to meet and anticipate the needs of our industry partners. We’re proud to be recognized amongst this list of innovators, and believe only the best is yet to come as the real estate industry continues to be disrupted by enhanced digital experiences.” Founded in 2016, View Labs has continued to evolve and push the boundaries of what 360° technology can do by creating interactive, user-friendly digital solutions. Its proprietary stack of virtual solutions helps businesses create interactive 360° video, metaverse experiences, virtual touring, AVR and more, while utilizing data analytics to track viewer and customer behavior and engagement. Through its proprietary AVR algorithm, View Labs can create virtual environments at higher quality and faster speeds than alternative technologies, allowing users to see a space as it would appear in the real world, with virtual and interactive elements. Currently, View Labs is the only company that can create all-encompassing digital worlds that blur what is real and imaginary, developing hyper-realistic, interactive experiences. View Labs’ suite of products currently serves various industries and is engaged with leaders across real estate, construction, entertainment, retail, hospitality, technology, and enterprise services sectors. For more information on View Labs or to request a demo, please see www.viewlabs.com. View Labs has revolutionized the 360° video sector with a suite of video and digital solutions that allow businesses to shape the real, mixed reality and digital worlds. Driven by a team of inventors, engineers and designers, we continue to find new ways to evolve our technology to better serve the needs of modern businesses. We offer a stack of highly adaptable, user-friendly technologies to closely replicate in-person experiences in the most realistic way possible. Current customers include industry leaders in real estate, construction, entertainment, retail, hospitality, technology and enterprise services. For more information on View Labs, please see www.viewlabs.com. Contact Details Marino Kristen Myers +1 212-402-3504 kmyers@marinopr.com Company Website https://www.viewlabs.com/

February 22, 2022 09:00 AM Eastern Standard Time

Rebuilding Together and Lowe’s Provide Critical Repairs to Historic Los Angeles Homes

YourUpdateTV

Nonprofit Rebuilding Together partnered with Lowe’s, the Official Home Improvement Sponsor of the NFL, to provide essential home repairs for community residents in Los Angeles neighborhoods including View Park, just outside SoFi Stadium, during the annual Kickoff to Rebuild event. A video accompanying this release is available at: https://youtu.be/GYbiDDQwtmY Kickoff to Rebuild, a Super Bowl-sanctioned event presented by Lowe’s, directly benefits 16 families in Los Angeles through home repairs, including roof replacements, bathroom upgrades, kitchen installations, landscaping, window repairs and fresh paint. The families include a senior struggling with mobility, a veteran on dialysis and a retired healthcare provider. Volunteers and local contractors completed the home repairs following COVID-19 safety guidelines provided by the Centers for Disease Control and Prevention. Additionally, Robert Woods, a Lowe’s Home Team member and wide receiver for the Los Angeles Rams, participated in the event. “At Rebuilding Together, our mission is to assist people with disabilities and low-income seniors in rehabilitating or modifying their homes,” said Zeeda Daniele, executive director of Rebuilding Together of the City of Angels. “Through Kickoff to Rebuild, volunteers, contractors and sponsors help make homes in our community safer and more accessible.” Rebuilding Together will also repair the headquarters of the Consolidated Board of Realtists, a local organization founded in 1949 that strives for democracy in housing by opening doors for Black professionals and consumers in real estate. The Board is part of the National Association of Real Estate Brokers (NAREB), which in 1963 secured the passage of the nation’s first state-level fair housing legislation in California. “Through our Kickoff to Rebuild events held during the past 27 Super Bowls, we’ve repaired more than 158 homes, engaged 5,000 volunteers and invested more than $5 million in communities nationwide,” said Caroline Blakely, president and CEO of Rebuilding Together. “This year, we are honored to continue preserving affordable homeownership and revitalizing communities in the Los Angeles area by providing critical home repairs at no cost to homeowners in need.” The work occurred in neighborhoods within a five-mile radius of the University of Southern California, including Baldwin Hills, Chesterfield Square, Crenshaw, View Park, Jefferson Park, West Adams, Wilshire Center, Koreatown, South Los Angeles and the western section of downtown Los Angeles. Despite years of investments into the university and public venues, these neighborhoods still face challenges including persistent generational poverty, substandard and obsolescent housing and low-paying jobs. “The houses we repaired during Kickoff to Rebuild are more than structures that can help build generational wealth, they are part of the community’s history and identity,” said Cesar Martinez, Lowe’s regional vice president. “We have proudly partnered with Rebuilding Together since 2007 and are humbled to provide our expertise in home repairs to help homeowners stay in their homes and safely age in place.” Kickoff to Rebuild is made possible by Lowe’s and Omaze. For additional information about Kickoff to Rebuild, visit rebuildingtogether.org/ktr. For more about Rebuilding Together City of Angels, visit https://rebuildingla.org/. About Rebuilding Together: Rebuilding Together is a leading national nonprofit organization with a mission to repair the homes of people in need and revitalize our communities. Each year Rebuilding Together affiliates complete about 10,000 rebuild projects. Learn more and get involved at rebuildingtogether.org. About Rebuilding Together City of Angeles: Rebuilding Together Of the City of Angels (RTCOA), located in Los Angeles, California, is a 501C3 nonprofit organization established on August 31, 2020, as an affiliate of Rebuilding Together Inc., headquartered in Washington DC. About Kickoff to Rebuild: Kickoff to Rebuild is an annual Super Bowl-sanctioned event hosted by Rebuilding Together. For the past 26 years, Rebuilding Together has partnered with the NFL in Super Bowl cities across the country, rebuilding houses and bringing together neighborhoods. Together, we have repaired more than 150 homes and engaged 5,000 volunteers during these Super Bowl events. About Lowe’s in the Community: As a FORTUNE ® 50 home improvement company, Lowe’s is committed to creating safe, affordable housing and helping to develop the next generation of skilled trade experts through nonprofit partnerships. Across every community we serve, Lowe’s associates donate their time and expertise through the Lowe’s Heroes volunteer program. For the latest news, visit Newsroom.Lowes.com or follow @LowesMedia on Twitter. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 17, 2022 04:55 PM Eastern Standard Time

Video

LEE & ASSOCIATES TEAM CLOSES $26.5 MILLION TRANSACTION OF DOWNTOWN LOS ANGELES CREATIVE OFFICE SPACE

Lee & Associates Los Angeles

Lee & Associates’ Team Cline, headed by Jack Cline, Doug Cline, and Evan Jurgensen negotiated the $26.5 million dollar sale of 120 S. San Pedro Street, a 79,249 square-foot space, in downtown Los Angeles. Buck Design, the buyer, represented by Lee & Associates, is a global creative agency, with offices in Los Angeles, New York, Sydney, and Amsterdam, and will utilize the creative space for its West Coast operations. “This move signals a shift from what we’ve seen in large, unoccupied office real estate, and as a team, we were excited to represent this sale, signaling the demand for larger creative office space,” said Evan Jurgensen, Vice Principal for Lee & Associates. “Buck is one of the largest companies to take office space in downtown Los Angeles since the start of the pandemic. This property and the Little Tokyo neighborhood were ideal for Buck given its proximity to public transportation and neighboring amenities.” Previously owned and operated by Union Bank, Brickstar Capital, purchased the building in 2017 and transformed it into a creative campus in 2020 with an updated lobby, private patio, and new gym, among other amenities. The building was originally built in 1985 and included ground floor retail and subterranean parking. CBRE’s Taylor Watson, Brad Chelf, Phillip Sample, Chris Caras, Michael Shustak, and Ryan Phillips represented the seller. ABOUT LEE & ASSOCIATES Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter, and Link, our company blog. Contact Details The Hoyt Organization Kent Barrett kbarrett@hoytorg.com Company Website https://www.hoytorg.com/

February 16, 2022 08:35 AM Pacific Standard Time

Image

Volatus Aerospace Forecasts Revenues of $38 million in 2022, a 138% Growth from 2021, with an expected gross margin of 31%

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV:VOL) ("Volatus" or the "Company") is pleased to pre-announce its unaudited Pro-forma revenue for FY2021 of approximately $16.5 million of sales and expects to release its audited 2021 financial statements in April of 2022. Additionally, Volatus is providing revenue guidance of $38 million for FY2022 with a blended gross margin of 31%. The forecast includes twelve months of all operating subsidiaries and ten months of MVT Geo-Solutions, an acquisition scheduled to close on or around February 28th, 2022. All amounts are in Canadian dollars unless otherwise noted. The Company will host a webcast on February 28, 2022, at 3 pm EST to discuss recent operational highlights and forward-looking guidance in connection with 2022 forecast revenues. “Volatus is recognized as a leader in the drone industry. Our ability to scale has allowed the Company to accelerate growth, consolidate earnings, and access greater revenue-generating opportunities,” said Glen Lynch, President and CEO of Volatus. “We have a mature aerospace team with a demonstrated ability to execute and a growing opportunity fuelled by the rapid adoption of drones across industry, government, and defense sectors.” "Volatus grew revenues from less than $1 million in 2020 to more than $16 million in 2021. At the same time, we completed a reverse take-over and were approved for listing on the TSX Venture by year-end," said Abhinav Singhvi, Chief Financial Officer. "Volatus is built on the foundation of scaling businesses on a sustainable basis – we are blitzscaling, but responsibly, with our eyes on the bottom line. While the global drone industry is a US$58.4 billion market, growing at a CAGR of 16.4% ( as per the Markets and Markets 2021 report ); we intend to capture as much market as possible through our growth strategy." Business Highlights for 2022 Emerging, growth segments of the business include public safety, defense, unmanned commercial cargo and military re-supply, forestry, and autonomous solutions with integrated remote flight operations software Scaling existing customers with national service offerings Leveraging the Company's premier Canadian position in the services and equipment sales into growth in the US and Latin American markets Commencement of assembly and testing of long-range, high endurance drones at the Lake Simcoe facility in Ontario Business Outlook and Webcast Details Glen Lynch, President and CEO of Volatus, Abhinav Singhvi, Chief Financial Officer, and Rob Walker, Chief Operating Officer, will host a conference call and webcast on February 28, 2022, at 3 pm EST to discuss details of the company's performance and certain forward-looking information. The session may be accessed here. The webcast will be available for replay on March 1, 2022. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

February 16, 2022 08:30 AM Eastern Standard Time

QX Global Group Acquires Management Consulting & Advisory Services Firm Chazey Partners

QX Global Group

Together QX Global Group and Chazey Partners will provide end-to-end Business Transformation, Digital Services & Intelligent Automation, and Business Process Outsourcing (BPO) for Fortune 1000 companies and public sector organizations, including higher education, across the globe. QX Global Group, a Top 100 Business Process Outsourcing company, announced the acquisition of an 80% stake in Austin, Texas-based Chazey Partners, a world-class management consulting and advisory firm specializing in business and digital transformation. The Chazey Partners team brings decades of experience in implementing and operating world-class business support and shared services organizations around the globe, with expertise in Robotic Process Automation (RPA) and Artificial Intelligence (AI). Together, QX and Chazey Partners will work to deliver innovative solutions that cover transformative consulting, digital services, and business process outsourcing, customized to meet each client’s specific needs. “At QX, we have always focused on enabling transformation of our client’s businesses using our unique 3P approach of people, process, and platform, and we are thrilled that the addition of Chazey will allow us to help organizations solve their most significant barrier to growth – digital adoption and business transformation at scale, said Frank Robinson, Group CEO of QX Global Group. “Adding Chazey furthers our vision to provide integrated, end-to-end solutions to help our customers take advantage of the latest operating models and emerging technologies. I am also delighted to officially welcome Phil Searle onto QX Global Group’s Board as Chief Transformation Officer.” Chazey brings to the QX Global Group management consulting and advisory services with a global reach. Founded in 2006, Chazey Partners has demonstrated consistent and significant growth, with global representation in the United States, Canada, Mexico, Brazil, Costa Rica, Colombia, Ireland, Turkey, and India. Chazey’s consultants provide advice, support, and implementation expertise, covering strategy setting, business case production, program management, process optimization, technology enablement, training, and change management. “ Since founding the company, we have significantly expanded and evolved Chazey’s solutions to help numerous businesses and public sector organizations achieve operational excellence by transforming their business operations,’’ said Phil Searle, CEO and Founder of Chazey Partners. ‘’With QX, we have found a shared passion for empowering our clients to achieve world-class performance. By joining forces with QX, we will augment our near-shoring and offshoring capabilities by opening new Centers of Excellence (COEs) in India and Latin America. This is an exciting new chapter for Chazey Partners, our employees, and our customers.” The partnership of both trusted brands comes at a time when enterprises across the globe are adjusting to the post-pandemic world. In this environment, Chazey Partners is at the forefront of offering needed transformation solutions, helping enterprises optimize business operations and adopt the latest technologies for sustained growth. The QX-Chazey partnership will enable all clients to achieve a faster return on investment and add more value to their customers and employees. Barbara Hodge, Global Digital Editor at the Shared Services & Outsourcing Network (SSON), said, “This marks an exciting and timely development in the shared services and outsourcing space. SSON has collaborated with Chazey Partners for many years, and I am pleased to see such a highly respected group in the field of business transformation push forwards in extending its services to provide enterprise customers with the more holistic solutions they need right now. Adding Chazey Partners’ transformation capabilities to QX Global Groups’ BPO services, drives an end-to-end solution that connects consulting, digital and business process outsourcing. This aligns perfectly with the move to integrated business services, digitalization – driven by intelligent automation – and data analytics, that we are seeing across the shared services landscape. It’s also consistent with service providers moving to a ‘one-stop-shop’ solution for business transformation and digital needs. I am delighted at this news and look forward to engaging with the new partnership.” For QX Global Group: Corbett Keeling, London, and J. Sloan & Co, Dallas, Texas, provided corporate finance and transaction advice for QX Global Group; BDO LLP provided Due Diligence support across all entity geographies; legal support was provided by Munsch Hardt Kopf & Harr, P.C. For Chazey Partners: Sett & Lucas acted as transaction advisor, and Jackson Walker LLP provided legal support. About QX Global Group QX Global Group is a leading provider of business process management services. With over 17 years of accounting and recruitment process outsourcing experience, we help our clients unlock business value by improving process efficiencies and automation in the accounting and recruitment functions to enable business transformation. We have offices in the UK, USA, Canada, Australia, and India. About Chazey Partners Chazey Partners is a practitioner-led, global management consulting and advisory services firm. We bring real-life, practical, hands-on experience, empowering clients to strive for world-class performance, through Business Transformation, Shared Services, and Intelligent Automation. We help businesses and public sector organizations achieve operational excellence in the provision of mission-critical business services, including Finance, Human Resources, IT, Procurement, Contact Centers, Marketing, and Facilities Management. For over sixteen years, Chazey Partners has helped clients implement successful service delivery solutions; in the US & Canada, Latin America, Europe, the Middle East, Africa, Oceania, and Asia. Contact Details QX Global Group Vishal Kurani +44 20 8146 0808 vishal.kurani@qxglobalgroup.com Chazey Partners Leigh Knowles +1 855-692-6229 LeighKnowles@chazeypartners.com Company Website https://qxglobalgroup.com/

February 14, 2022 09:55 AM Eastern Standard Time

Volatus Aerospace to Acquire MVT Geo-Solutions Inc., a Quebec-based Geomatics Service Company

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (“Volatus”) is pleased to announce that it has entered into a definitive agreement to acquire MVT Geo-Solutions Inc. (“MVT”), a Quebec, Canada-based leader in geomatics innovations. MVT’s team of geomatics scientists, engineers, and other professionals combine the technologies and knowledge necessary for the acquisition and processing of various types of data used to study Earth, its phenomena and its resources. Services include data collection, processing, and analysis to a variety of industries including civil engineering, transport, hydrography, natural resource management, forestry, and public safety. MVT had unaudited revenues of C$1.4M in 2021 including geomatics services, equipment sales and training with a net profit margin of 12%. Key Highlights of the Transaction: Expands Volatus footprint in Quebec, one of the largest markets in Canada Increased expertise in geomatics Scalable relationships with some of Canada’s largest companies Established agreements with key equipment manufacturers can be scaled across the Volatus network “Volatus has long seen MVT as the leader in geomatics and drone services in the Quebec market. Adding their capabilities and regional market presence is an important step for Volatus and consistent with our mission to lead consolidation in the markets we serve,” stated Glen Lynch, CEO of Volatus. “Under the continued leadership of its CEO Maude Pelletier, our objective is for MVT to propagate its expertise across Volatus and leverage our scale to expand existing customer relationships from regional to national and international.” “Since its beginning in 2016, MVT has built strong relationships by delivering innovative geomatics services throughout Quebec and Eastern Canada,” said Maude Pelletier. “Joining Volatus provides the resources, scale and market presence to help accelerate MVT’s growth and contribute to the overall capabilities of Volatus.” The total consideration payable in connection with the acquisition of 100% of MVT shares is $1,200,000 CAD, which will consist of: (i) $850,000 CAD paid in cash; and (ii) the balance in common shares of Volatus having a value of $350,000 CAD, calculated based on the last closing price of the Volatus common shares on the TSX Venture Exchange prior to the closing of the acquisition. The acquisition is expected to accelerate growth through MVT’s leverage of the Volatus sales and marketing resources, North American pilot network, and Volatus’ strengths in agriculture, façade inspections, and cargo solutions. Volatus intends to leverage MVT’s geomatics capabilities, and technical strengths, particularly with respect to LiDAR, throughout its existing operations. This transaction is subject to a number of customary conditions including TSX Venture Exchange approval and due diligence. The scheduled closing date is February 28 th. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Information This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the expectation that the acquisition described will close; (ii) the anticipated benefits to Volatus and its stakeholders from the acquisition; (iii) the effects of the acquisition on the business of Volatus and MVT and (iv) the business plans and expectations of the Corporation. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. For instance, conditions to the closing of the proposed acquisition may not be satisfied and closing may not occur within the anticipated time frame, if at all and anticipated benefits to the acquisition may not materialize. Readers are referred to the risk factors associated with Volatus’ business described in Volatus’ management information circular dated November 14, 2021, and filed on www.SEDAR.com on November 16, 2021. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker, Chief Operating Officer +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

February 01, 2022 08:00 AM Eastern Standard Time

Image

Treliant, LLC Launches Staffing Subsidiary to Meet Surging Demand in Mortgage Industry

Treliant

Treliant, LLC has created a new subsidiary— Treliant Mortgage Services, LLC (TMS) —to provide staff augmentation for clients facing unprecedented business activity in mortgage origination, servicing, loss mitigation, and other areas. “TMS builds on Treliant’s industry-leading track record in providing trusted, strategic advice and specialized business solutions in financial services,” said Senior Managing Director Grace Brasington. “Lenders have been hard-pressed to manage staffing requirements in recent times, as demand surged for mortgage origination resources. A lesson learned by savvy originators is that the flexibility to scale staff up and down as needed is key, no matter what direction interest rates are headed.” An upswell of mergers, acquisitions, and regulatory activity is also challenging originators and servicers. “A flexible staffing model makes sense in all areas of mortgage operations,” said Treliant Senior Director Deborah Grissom, “and TMS manages a pipeline of exceptional professionals with deep mortgage industry experience who can step in to competently fill clients’ gaps.” TMS was established to provide frontline mortgage underwriters, processors, and closers to banks and independent mortgage companies in a staff augmentation capacity. Staff augmentation throughout the mortgage life cycle will be an important focus going forward, including pre- and post-close quality control, compliance, file review in anticipation of regulatory exams, default servicing, and servicing portfolio retention. TMS actively recruits and manages professionals with recent experience in the following roles: residential processor, frontline underwriter, and closer; commercial real estate (CRE) underwriter; commercial and industrial (C&I) loan underwriter; post-close quality control specialist; commercial and residential flood specialist; and loss mitigation specialist. The firm’s Safe Act licensing footprint now covers nearly half of U.S. states and is continually expanding. Treliant is a multi-industry consulting firm that serves organizations around the globe. Our firm serves financial institutions, consumer-oriented businesses, other corporations, and law firms. As a firm of leading professionals from industry and government, we assist our clients in navigating regulatory requirements and on best practices, while meeting strategic and operational objectives. We partner with clients as trusted advisors and via managed services including through secondments, interim resources, and other outsourcing strategies. Our advisory and assurance services and specialized, high-quality business solutions strengthen our clients’ corporate and regulatory compliance programs, risk management, and business performance. We also provide comprehensive support for corporate and regulatory investigations, litigation, and as government agency monitors and independent consultants. We serve companies from Main Street to Wall Street and across the globe. Contact Details Melissa Pazornik +1 202-249-7932 mpazornik@treliant.com Company Website https://www.treliant.com

January 27, 2022 01:40 PM Eastern Standard Time

ECI Development, Marriott Break Ground on New 202-Key Oceanfront Hotel & Residences in Ambergris Caye, Belize

ECI Development

ECI Development today announced that it broke ground on a new Marriott branded hotel and residences on the island. Designed for travelers seeking a relaxed Caribbean lifestyle, the Belize Marriott Ambergris Caye Resort and Residences will be built on Ambergris Caye, Belize’s largest island known for its world-class scuba diving, fishing, water sports and white sandy beaches. “Now that we’ve seen an uptick in travel, we’re excited to begin building the new Marriott branded hotel and residences ECI Development is bringing to Ambergris Caye, one of the Caribbean’s most beautiful island destinations with famed access to the Belize Barrier Reef and dive sites,” said Michael K. Cobb, Chairman and CEO of ECI Development. “ECI has been creating inspired lifestyles for adventurous souls across Latin America for more than two decades, but we are particularly focused on this project and the opportunity to deliver a top-quality hotel and residence option from a treasured global brand.” The hotel, along with the Marriott Hotels-branded residential component, saw the first shovels of dirt turned January 14. The project will fuse old-world British charm and modern amenities while keeping an eye towards the heritage and history of Belize. ECI plans as many as 70 privately-owned branded residences as a part of the 202-key oceanfront resort. “We are excited to welcome the first Marriott Hotel to the beautiful shores of Belize,” said Laurent de Kousemaeker, Chief Development Officer, Caribbean & Latin America, Marriott International. “The Belize Marriott Resort and Residences of Ambergris Caye will be a stand out and attract travelers from around the world. As we continue to grow in Latin America, what a stunning location along this beautiful stretch of beach on Ambergris Caye to plant the Marriott Hotels brand flag.” "We welcome the Belize Marriott Residences of Ambergris Caye to the increasing number of new and modern brand name hotels in Belize. We are confident that the Belize Marriott Residences will be a partner in our sustainable brand of hospitality and sustainable tourism development. It is in partial fulfillment of our Plan Belize agenda, and testament to our promise that Belize is Open for Business," said Prime Minister of Belize, Honorable John Briceño. "I have every confidence that the Marriott will be a tremendous success in Belize." “Now available to this incredibly diverse and expansive market, Belize’s rich culture and unique attractions will be marketed to a discerning audience seeking both the thrill of a new place and the comforts of the familiar,” said Evan Tillett, Director of Tourism at the Belize Tourism Board (BTB). “Employees will also benefit through training and developing skill sets that will allow them to undertake a greater variety of work. There is always room for improvement and learning, and with specific goals and requirements under a brand, their abilities and skills will flourish.” Guests will have access to first-class restaurants, a rooftop lounge, conference and event space, a spa, fitness center and retail outlets. Amenities will also include a dive shop to cater to the island’s many visitors who come to explore the Belize Barrier Reef – the largest reef system in the northern hemisphere and a UNESCO World Heritage designated site. “As Belize continues to emerge as a top tourist and business destination for world travelers, the Belize Marriott Ambergris Caye Resort and Residences will contribute to the positive evolution of one of the jewels of Central America,” said Brian J. King, President, Caribbean & Latin America, Marriott International. “All of the best things seasoned travelers have come to expect from Marriott destinations around the globe will be brought to serve our guests on Ambergris Caye. That’s why we’re very excited to welcome this new hotel into Marriott International’s family of resorts as well as our Marriott Bonvoy loyalty program that boasts more than 160 million members worldwide.” With tourism accounting for 33.2% of Belize’s GDP, and approximately 40,000 jobs – or 30.1% of total employment, the positive economic impact of tourism from a trusted hotel brand like Marriott extends well-beyond the jobs created at the property. “The construction of the Belize Marriott Ambergris Caye Resort and Residences is a welcome respite to the Belize tourism industry after the devastation the pandemic has wrought worldwide. An anticipated 100+ jobs will be required during construction, and upon completion, close to 300 full-time employees will be needed for the oceanfront hotel. What’s more, the economic benefits will reach far beyond the hotel property as owners and guests participate in water sports like diving and snorkeling, explore Mayan ruins and shop for art, woodcrafts, and other souvenirs,” said Briceño. “From the farmers deep in the western villages providing fresh produce, to souvenir artists across the country, to the families who receive remittances from direct tourism service providers, the financial benefit to Belizeans will be immeasurable.” ECI Co-Founder and Chairman of Caye International Bank, Joel Nagel built upon Prime Minister Briceño’s comments stating that the hotel planned to work with local farmers, manufacturers, and craftsmen to supply much of the initial construction and ongoing supply needs for the hotel. “Our company has been a solid corporate citizen in San Pedro for nearly 30 years. We constantly strive to engage the local community in business, philanthropy, and all types of community service and engagement, including the creation and founding of the San Pedro Rotary Club,” said Nagel. “We believe that all ships rise with the high tide and we want the Marriott hotel to be another important engine for economic development and growth for San Pedro and for all of Belize.” In addition to the many economic benefits this project will bring, corporate social responsibility has been a priority for ECI from its founding. The company works tirelessly to ensure that the communities surrounding each project receive direct support through a variety of initiatives and partnerships. Since 2021, ECI has been directly involved with ACES Wildlife Rescue on Ambergris Caye, championing the wildlife organization’s efforts in the conservation and protection of Belize’s native wildlife and their habitats. Education Directors and Wildlife Rehabilitators Chris Summers and Christina Manzi can often be found rescuing animals, even the tamanuas, as well as rehabilitating mangroves along the coastline. “In 2021, the mangrove reforestation along stretches of beach and lagoon waters became a priority, as mangroves are critical for marine wildlife. That’s why ECI Development and Marriott International will continue full support of these critical habitat efforts long into the future,” said Ricardo Calo, Area Vice President, Marriott International, who will directly oversee the new hotel and residences. ***Hotel renderings and photos of the groundbreaking event available upon request.*** # # # About ECI Development ECI Development is a real estate developer working in Central and Latin America creating inspired lifestyles for adventurous souls. We create value through socially responsible development within our communities in Nicaragua, Belize, Costa Rica, Argentina, El Salvador, and Panama. More info is available at www.belizebrandedresidences.com. The Belize Marriott Residences Ambergris Caye Resort are not owned, developed or sold by Marriott Worldwide Corporation or its affiliates (Marriott). Grand Baymen Villas, LLC and Exotic Caye Beach Resort Limited use the Marriott marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made herein. Contact Details Ray Young +1 512-633-6855 ray@razorsharppr.com Company Website https://www.ecidevelopment.com/

January 27, 2022 08:30 AM Eastern Standard Time

1 ... 46 47 48 49 50 ... 58

Back