Py11
5 years ago
IZON ANNOUNCES CONTENT LICENSE AGREEMENT WITH BLOOMBERG MEDIA DISTRIBUTION
IZON network to deliver Bloomberg’s Top Business News Digital Video Content
SCOTTSDALE, AZ – January 22, 2020 – IZON Network, Inc. (OTC: IZNN), also known as IZON Digital Media Network (the “Company”), is pleased to announce the signing of a content license agreement with Bloomberg Media Distribution. Bloomberg Media’s digital videos will be available on the IZON Digital Media Network daily. The content will be focused around what IZON audiences consume the most: Sports, Travel, Business and Finance information and news through its digital out-of-home (DOOH) network.
Bloomberg Media is a leading, global, multi-platform brand that provides decision-makers with timely news, analysis and intelligence on business, finance, technology, climate change, politics and more. Powered by a newsroom of over 2,700 journalists, it reaches influential audiences worldwide across every platform including digital, social, TV, radio, print and live events.
IZON Digital Media Network is a proprietary media & entertainment platform for premium & niche marketplaces which targets premium captive digital out-of-home audiences. There is significant demand for access to high end consumers by National brands & Advertisers. IZON focuses its efforts within the Digital Out-of-Home vertical where an expanding premium user base already exists for the longest dwell times and can be engaged utilizing its digital media network including golf and premium transportation. Due to IZON’s offering this drives the greatest amount of margin and topline revenue from National Brands & Advertisers. IZON drives engagement through current and emerging DOOH channels, beginning with golf cart fleets through IZON Golf GPS tablets and will be expanding to luxury vehicles, websites, apps and connected TV.
“We are humbled to have the opportunity to work with such a global leader like Bloomberg Media. Through our IZON Reach Platform we will be directly integrating advertising that will be placed before and after every Bloomberg news video. As we continue to roll out more and more screens across the US, this gives Bloomberg Media even greater distribution as well.” said Tim Ummel, CEO of IZON. “This agreement will also allow our agreement with Bloomberg Media to expand into our IZON Rideshare and IZON Venue plans in the future. We are looking forward to a very long and fruitful relationship for years to come.”
Py11
5 years ago
Prior to completion of the private placement and prior to closing, IZON shall complete a share consolidation of 50 old shares for one new share as announced by IZON on August 13, 2019, resulting in the following securities issued and outstanding: (i) 4,936,606 common shares, (ii) 18,829,231 common shares attributable to the conversion of all convertible preferred and convertible debentures and (iii) 2,255,142 common shares attributable to stock options and warrants.
Py11
5 years ago
Sceptre Ventures Announces Signing of Term Sheet with IZON Network Inc. for Proposed Qualifying Transaction
(via TheNewswire)
Vancouver, BC - The Newswire - January 9, 2020: Sceptre Ventures Inc. (the "Company") (TSXV:SVP.H) is pleased to announce it has entered into a non-binding term sheet December 23, 2019 (the "Term Sheet") with IZON Network Inc. (OTC: IZNN), also known as IZON Digital Media Network ("IZON") pursuant to which Sceptre proposes to acquire a 100% interest in IZON. IZON creates proprietary media & entertainment platforms for premium & niche marketplaces which reach digital out-of-home audiences.
"Sceptre is very pleased with the signing of the Term Sheet with IZON for both parties' benefit. After looking at multiple opportunities in which to utilize our CPC it became apparent that IZON Digital Media Network was a growth trajectory company that we wanted to partner and do a transaction with. We are looking forward to finalizing the qualifying transaction and years of success for IZON." said Mitchell Smith, President and CEO, Sceptre Ventures Inc.
Sceptre is a "capital pool company" under the policies of the TSX Venture Exchange (the "Exchange"). The acquisition of IZON will constitute Sceptre's "qualifying transaction" under the policies of the Exchange (the "Qualifying Transaction"). Upon completion of the Qualifying Transaction, Sceptre will be listed as a Tier 2 Technology Issuer pursuant to the initial listing requirements of the Exchange.
The Qualifying Transaction is not a Non-Arm's Length Qualifying Transaction as defined under the policies of the Exchange, and approval from the shareholders of Sceptre is not required.
The Qualifying Transaction
Pursuant to the terms of the Term Sheet, it is expected that Sceptre and IZON will negotiate and enter into a definitive agreement incorporating the principal terms of the Term Sheet.
Subject to any Exchange, regulatory, or other approvals that may be required, the completion of satisfactory due diligence by Sceptre and IZON, the completion of the IZON Financing (as described below) and the satisfaction of other conditions contained within the Term Sheet, it is currently anticipated that as consideration for the acquisition of all of the outstanding securities of IZON, holders of issued and outstanding common shares of IZON will receive, based on an exchange ratio, Sceptre common shares for each IZON common share (the "Exchange Ratio") based on a Pre-Qualified Transaction valuation of $1 million for Sceptre inclusive of debt and liabilities and $15 million for IZON exclusive of the IZON Financing, and as such IZON shareholders will receive 15 shares of Sceptre for every share of IZON held. The final structure of the Qualifying Transaction is subject to the receipt of tax, corporate and securities law advice for both Sceptre and IZON.
IZON is a reporting issuer in British Columbia and a publicly traded issuer on the OTC Markets. As such, it does not have a controlling shareholder.
Sceptre currently has 20,808,344 shares issued and outstanding and has existing shareholder approval to complete a share consolidation on the basis of one (1) new share for every three (3) shares held (the "Consolidation").
Upon the Consolidation, Sceptre shall have 6,936,115 shares issued and outstanding.
Prior to completion of the private placement and prior to closing, IZON shall complete a share consolidation of 50 old shares for one new share as announced by IZON on August 13, 2019, resulting in the following securities issued and outstanding: (i) 4,936,606 common shares, (ii) 18,829,231 common shares attributable to the conversion of all convertible preferred and convertible debentures and (iii) 2,255,142 common shares attributable to stock options and warrants.
Pursuant to the transaction, (i) holders of issued and outstanding IZON shares will receive 15 Sceptre shares (post-consolidation) for each IZON share held, (ii) all options, warrants, debentures or other securities convertible into IZON shares shall be exchanged, based on the agreed exchange ratio, for similar securities to purchase Sceptre shares on similar terms and conditions, and (iii) any securities issued pursuant to the private placement will similarly be exchanged (based on the ratio for securities of Sceptre.
Py11
5 years ago
IZON ANNOUNCES ENTRY INTO SOMO AUDIENCE ACQUISITION AGREEMENT
SCOTTSDALE, AZ – July 24, 2019 – IZON Network, Inc. (OTC: IZNN), also known as IZON Digital Media Network (the “Company”), announced today that they have signed a Definitive Agreement to acquire 100% of New Jersey based SoMo Audience Corp., subject to certain customary closing conditions. The closing is anticipated to occur on or before November 1st, 2019 (“Closing”). Upon the Closing, significant additional revenue channels, proprietary technology and a world-class software & engineering team will be added to IZON. This may result in a proposed combined topline 2019 revenue of up to $17,000,000 USD if the Company’s operations are successful.
Upon the Closing, SoMo will be adding its existing technologies for mobile marketing and OTT (over the top) / CTV (connected TV) across the entire IZON Network. In addition, the soon-to-be released IZON VRE technology, a solution that has been co-created by both teams that delivers marketers the unique ability to target golfers on over 15,000 courses in the United States at the exact moment they are playing a round of golf per individual golfers Smartphone device. This combination of the IZON tablets and the VRE technology delivers the ideal marketing program for advertising buyers and agencies to now reach the highly sought-after premium demographic of a golfer in a hyper targeted manner. SoMo delivers that large buying audience from their proven track record as a very successful Mobile Ad Trading Platform.
Tim Ummel, CEO of IZON, said “There are times in business where two companies coming together as one, is exponentially accretive to the growth for both. This is one of those times and we could not be more excited to have Co-Founders Rob Manoff, Todd Houck and their team join IZON. This collective team now positions IZON to be the true leader in the premium digital out-of-home space (DOOH).”
IZON is a proprietary media & entertainment platform for premium & niche marketplaces which reach highly targeted captive digital out-of-home audiences. IZON focuses its efforts on verticals where a premium user base already exists and can be engaged utilizing its digital media network.
“For close to a decade, SoMo Audience has been laser focused on developing proprietary technology in programmatic advertising for display, video and native formats. Our main goal has always been to help improve the process between buyers and sellers and drive results,” said Rob Manoff, Co-Founder of SoMo Audience. “Our deal with IZON will now allow SoMo’s technology, and more importantly our team, to use all we have built and learned to take advantage of the exploding DOOH market as well as growing our Connected TV (CTV) footprint. We have diligently been looking for the opportunity to manage our O&O (owned and operated) supply and the IZON Golf screens are as unique as it gets because they reach an extremely high-end premium consumer. We are very excited for the future together.”
Py11
5 years ago
IZON ENGAGES GRAVITAS SECURITIES FOR PRIVATE ROUND OFFERING
SCOTTSDALE, AZ – July 9th, 2019 – IZON Network, Inc. (OTC: IZNN), also known as IZON Digital Media Network (the “Company”), has announced that they have reached a formal agreement with Gravitas Securities Inc., a boutique Canadian investment bank, to lead a minimum $5M USD private funding round. This financing will be used to fund the Company’s robust growth and provide valuable acquisition & expansion capital. In addition to the private funding round Gravitas will participate as a co-lead and bookrunner in a banking syndicate being formed for a proposed Initial Public Offering (“IPO”) on the TSX stock exchange in Canada.
This press release is not a solicitation or offer to buy or sell securities. Investments may be speculative, illiquid and carry a risk of loss. Past performance is not indicative of future results. There is no guarantee that any specific outcome will be achieved. Some statements are considered forward looking and may not occur. The securities which will be offered by Gravitas have not been and will not be registered under the Securities Act and may not be offered or sold in the United States (or to a U.S. person).
IZON is a proprietary media & entertainment platform for premium & niche marketplaces which targets premium captive digital out-of-home audiences. IZON focuses its efforts on existing verticals where an expanding premium user base already exists and can be engaged utilizing its digital media network including golf and premium transportation.
Robert Carbonaro, CEO & Head of Investment Banking, of Gravitas Securities said “We are pleased to have been selected to lead IZON’s private round capital raise as well be a co-lead to IZON’s planned IPO in Canada. As a small cap US issuer, IZON’s Board and Management team understands the value the Canadian market can provide their company.”
The proceeds from the private round will be used to aggressively expand the installed screen network on the Company’s rapidly growing roster of golf courses, drive growth in additional verticals including transportation, acquisitions and provide general working capital. The current backlog pipeline for the screens is over 500 courses worth.
“The overwhelming receptivity to our IZON Golf product, extremely opportunistic acquisitions and the development of additional verticals for us to focus on is creating a lot of demand. In order to meet the demand, we knew we would need additional growth capital prior to a Canadian go public,” said Tim Ummel, CEO of IZON. “After being introduced to the entire Gravitas team, learning of their track record, direct connection to Asia where digital out-of-home (DOOH) is very prevalent and feeling the energy they had for IZON we knew Gravitas was the perfect bank to lead this private round.”
The proposed IPO will be offered in the province of British Columbia, Alberta, and Ontario and in other jurisdictions where the Offering can lawfully be made. It is anticipated that the IPO listing will be on the Toronto Stock Exchange (TSX). Pricing of the IPO will be determined in the context of the market. Gravitas as the co-lead investment bank may, at their discretion, invite other registered investment dealers to participate as syndicate members in the Offering.
Jiaqi (Jackie) Nie, Chief Operating Officer Global, President Greater China, of Gravitas Ilium Corporation said “We absolutely understand IZON’s business model, it’s value as a private digital media network and what the growth potential really is as they continue to grow. With our relationships across Canada, the USA and Asia makes us very qualified to lead this private round and immediately thereafter look to put the syndicate together for the go public.”
Py11
6 years ago
IZON GOLF SECURES NEXT WAVE OF TABLETS FOR EXPANSION
Secured 32,000 10” Tablets - Enough Supply for over 400 Golf Courses
SCOTTSDALE, AZ – January 30, 2019 – IZON Network, Inc. (OTC: IZNN), also known as IZON Golf, a leader in GPS and Total Course Technology for the golf industry and the creator of one of the most unique premium outdoor advertising networks, has taken another step forward in its overall expansion plan by securing its next wave of custom tablets.
IZON’s pipeline of new golf courses has grown rapidly, accelerating their need for custom 10” hi-resolution tablets built to IZON’s exact specifications. In a very unexpected development (due to the ongoing trade spat between the US & China) IZON has secured it’s next 32,000 tablets; this will allow IZON to roll-out its full software & hardware solution to over 400 golf courses both domestically and internationally. IZON was able to secure these tablets at a cost per tablet that is 60% less than previously modeled in our projections dramatically decreasing IZON’s cost of rolling out its full network.
Tablets have already begun arriving to IZON’s Arizona headquarters. These tablets will continue to be provisioned, loaded with IZON’s latest software release, cased and distributed to golf courses who can now take advantage of the company’s self-install “Cut the Cord” program. Important to note that each of these new tablets are loaded with the company’s proprietary MDM thus allowing even greater visibility and management of each tablet in the field.
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