HURST,
Texas, July 11, 2023 /CNW/ - NextPoint Financial
Inc. ("NextPoint" or the "Company") (TSX: NPF.U)
(TSX: NPF.WT.U) (OTC PINK: NACQF) announces that it has appointed
Mr. Peter Kravitz of Province
Fiduciary Services, LLC, as the Company's Chief Restructuring
Officer, and, effective today, Mr. Raymond
Guba will cease to be employed by the Company as its Chief
Financial Officer. The board of directors of NextPoint (the
"Board") would like to thank Mr. Guba for his dedication to
NextPoint and wish him the best in his future endeavours.
Mr. Kravitz brings extensive experience to the Company related
to strategic transactions and restructuring matters. The
Company is in discussions with its lenders and actively engaged to
ensure that, among other things, (i) Liberty Tax continues to
be a well-capitalized business that will be best positioned to
support its franchisees and other stakeholders, and (ii) Community
Tax will benefit from a capital structure that encourages
meaningful growth.
About NextPoint Financial Inc.
NextPoint is an all-inclusive marketplace for financial services
empowering hardworking and underserved consumers and small
businesses. NextPoint's primary business units are Liberty Tax, a
leading provider of tax preparation services, and Community Tax, an
effective advocate for tax debt resolution on behalf of
customers.
Forward-Looking Statements
This news release contains statements that include
"forward-looking information" (as defined under applicable
securities laws) ("forward-looking statements"). These
forward-looking statements relate to future events or future
performance. Such forward-looking statements reflect management's
current beliefs and are based on information currently available to
management. In some cases, forward-looking statements can be
identified by terminology such as "may", "will", "should",
"expect", "plan", "anticipate", "believe", "estimate", "predict",
"potential", "continue", "target", "intend", "could" or the
negative of these terms or other comparable terminology. By their
very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and many factors could
cause actual events or results to differ materially from the
results discussed in the forward-looking statements. In evaluating
forward-looking statements, readers should specifically consider
various factors that may cause actual results to differ materially
from any forward-looking statement. These factors include, but are
not limited to the risks and uncertainties discussed in the section
entitled "Risk Factors" in the Company's annual information form
dated January 15, 2023.
Forward-looking statements contained in this news release are not
guarantees of future performance and, while forward-looking
statements are based on certain assumptions that the Company
considers reasonable, actual events and results could differ
materially from those expressed or implied by forward-looking
statements made by the Company. Except as may be expressly required
by applicable law, the Company does not undertake any obligation to
update publicly or revise any such forward-looking statements,
whether as a result of new information, future events or
otherwise.
SOURCE NextPoint Financial Inc.