Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the
"Company"), a North American technology company creating a more
transparent and accessible real estate lending ecosystem, is
pleased to announce the appointment of Nicholas Smith, of Rice Park
Capital Management LP, to the Company's board of directors,
effective immediately. Mr. Smith's appointment follows the
resignation of Mark Volosov from his role as a director of the
Company, effective December 13, 2022.
“Nick brings nearly 25 years of experience and expertise within
the mortgage finance industry to Voxtur and we are thrilled to have
him join the Board,” said Gary Yeoman, Voxtur's Executive Chairman.
“He has a successful track record of achievements, and we are
confident that he will make valuable contributions to the growth
and success of the Company.”
Mr. Smith is the founder and Chief Executive
Officer of Rice Park Capital, a private investment firm which
invests broadly in the residential and commercial real estate
finance, equity, and services sectors. Before founding Rice Park
Capital in 2019, from 2015 to 2018 Mr. Smith served in a variety of
executive roles on behalf of the Blackstone Group (NYSE: BX),
including Chief Investment Officer of Blackstone’s private
residential mortgage REIT, co-founder and Chief Investment Officer
of Finance of America Companies (NYSE: FOA), a Blackstone portfolio
company, and President of Incenter, a wholly-owned subsidiary of
FOA. In these roles Mr. Smith oversaw a broad-based and coordinated
platform of direct mortgage asset investing and portfolio
management, mortgage and specialty finance lending, and
tech-enabled mortgage and specialty finance services. Prior to
Blackstone, Mr. Smith served as Managing Director, Two Harbors
Investment Corp from 2012 to 2015, where he built and led the
investment platform for mortgage servicing rights and residential
whole loans. From 2004 to 2012, Mr. Smith served in a variety of
roles for Green Tree Investment Management (“GTIM”), including
Chief Investment Officer where he was responsible for the
residential mortgage investment platform of Green Tree Holdings,
GTIM’s parent company, and its affiliate, Green Tree Servicing, and
approximately $1.5 billion in private funds managed by GTIM. Mr.
Smith worked at GMAC ResCap (formerly GMAC-RFC) from 1998 to 2004
where he held roles on the mortgage trading desk and in corporate
development. Mr. Smith has served on a variety of boards for
private companies and charitable organizations throughout his
career. He currently sits on the boards of Asset Based Lending and
Brass Ring Capital.
“Voxtur is an innovative company with a platform that delivers
products that have the potential to improve home ownership access
and reduce borrowing costs by digitizing the home buying and
mortgage experience from beginning to end,” said Nicholas Smith,
Managing Partner of Rice Park Capital Management. “I am excited to
join the board, and alongside my fellow board members, help support
the Company as it pursues its ambitious growth objectives.”
About Voxtur
Voxtur is a transformational real estate
technology company that is redefining industry standards in a
dynamic lending environment. The Company offers targeted data
analytics to simplify tax solutions, property valuation and
settlement services throughout the lending lifecycle for investors,
lenders, government agencies and servicers. Voxtur's proprietary
data hub and workflow platforms more accurately and efficiently
value assets, originate and service loans, securitize portfolios
and evaluate tax assessments. The Company serves the property
lending and property tax sectors, both public and private, in the
United States and Canada. For more information, visit
www.voxtur.com.
Forward-Looking Information
This news release contains certain
forward-looking statements and forward-looking information
(collectively, “forward-looking information”) which reflect the
expectations of management regarding the Company’s strategic
initiatives, plans, business prospects, and opportunities.
Forward-looking statements should not be read as guarantees of
future events, performance or results, and give rise to the
possibility that management’s predictions, forecasts, projections,
expectations, or conclusions will not prove to be accurate, that
the assumptions may not be correct and that the Company’s future
growth, financial performance and objectives and the Company’s
strategic initiatives, plans, business prospects and opportunities,
including the duration, impact of and recovery from the COVID-19
pandemic, will not occur or be achieved. Any information contained
herein that is not based on historical facts may be deemed to
constitute forward-looking information within the meaning of
Canadian and United States securities laws. Forward-looking
information may be based on expectations, estimates and projections
as at the date of this news release, and may be identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” or similar
expressions. Forward-looking information may include but is not
limited to: the effects of unexpected costs, liabilities or delays;
success of software activities; the competition for skilled
personnel; expectations for other economic, business,
environmental, regulatory and/or competitive factors related to the
Company, or the real estate industry generally; anticipated future
production costs; and other events or conditions that may occur in
the future. Investors are cautioned that forward-looking
information is not based on historical facts but instead reflects
estimates or projections concerning future results or events based
on the opinions, assumptions and estimates of management considered
reasonable at the date the information is provided. Although the
Company believes that the expectations reflected in such
forward-looking information are reasonable, such information
involves risks and uncertainties, and undue reliance should not be
placed on such information, as unknown or unpredictable factors
could have material adverse effects on future results, performance,
or achievements of the Company. Among the key factors that could
cause actual results to differ materially from those projected in
the forward-looking information include but are not limited to:
additional costs related to acquisitions; integration of acquired
businesses; implementation of new products; changing global
financial conditions, especially in light of the COVID-19 global
pandemic; reliance on specific key employees and customers to
maintain business operations; competition within the Company’s
industry; a risk in technological failure, failure to implement
technological upgrades, or failure to implement new technological
products in accordance with expected timelines; changing market
conditions; failure of governing agencies and regulatory bodies to
approve the use of products and services developed by the Company;
the Company’s dependence on maintaining intellectual property and
protecting newly developed intellectual property; operating losses
and negative cash flows; and currency fluctuations. Accordingly,
readers should not place undue reliance on forward-looking
information contained herein.
This forward-looking information is provided as
of the date of this news release and, accordingly, is subject to
change after such date. The Company does not assume any obligation
to update or revise this information to reflect new events or
circumstances except as required in accordance with applicable
laws.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Voxtur’s common shares are traded on the TSXV
under the symbol VXTR and in the US on the OTCQB under the symbol
VXTRF.
Contact:
Jordan RossChief Investment Officer Tel: (416)
708-9764jordan@voxtur.com
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