LiveToBeHappy, Inc. Enters into a
Definitive Agreement to Acquire AVRover and Acquires Canary Travel,
Adding to Its Growing Portfolio of Companies
Completion of five of seven
acquisitions under LOI with addition of technology and solution
provider in education and leading travel and entertainment
company
Charlotte, N.C., December 8, 2021 --
InvestorsHub NewsWire -- LiveToBeHappy, Inc.
(OTCM: CAVR, soon to be LTBH) ("LiveToBeHappy" or the
"Company"), a platform company that acquires undervalued assets and
professionally manages them, today announced it has entered a
definitive agreement to acquire AVRover and announced the
acquisition of Canary Travel, expanding on its educational offering
and promoting a higher quality lifestyle through travel.
Highlights:
-
AVRover provides 3D learning
equipment to school systems across the U.S.
-
AVRover's cutting-edge, hands-on
learnings tools will be integrated into the Company's Growing
Together Academy
-
Canary Travel has highly
experienced travel agents who specialize in creating high profile
group travel events
-
Canary Travel specializes in
providing quality travel products at competitive rates with award
winning customer satisfaction
Kevin Vincent Cox, Chief Executive Officer of LiveToBeHappy,
Inc., commented, "We are very excited to add AVRover and Canary
Travel to our portfolio as we make further progress on the
remaining acquisitions under Letter of Intent (LOI), having
completed five out of seven transactions. AVRover is highly
complementary to our Growing Together Academy by providing easy to
implement, flexible and affordable technology solutions for
education and training. Canary Travel will expand our current
travel and entertainment offering by providing consumers with
convenient travel services with the highest quality support. Both
acquisitions support our mission of building lives, not just places
to live."
Grant Edwards, Chief Financial Officer of LiveToBeHappy, Inc.
added, "These two transactions will significantly contribute to
LiveToBeHappy's financial performance and further enhance
shareholder value. The current management teams will remain in
place as we integrate them into the LiveToBeHappy family of
companies. Additionally, we expect the final two acquisitions under
LOI to close in the first quarter of 2022 and are on target to
achieve over $9 million of adjusted EBITDA on an annualized basis
upon completion of all of the transactions."
About AVRover
AVRover is
leading the education and training industries by creating the
highest quality, easiest to use, and most secure, portable
educational solutions. Based in Buffalo, NY, AVRover's focus has
always been to develop the most advanced, comprehensive, and
easy-to-use classroom technology solutions for education and
training. AVRover equips teachers and students with systems that
harness the full potential of powerful educational technology. Each
AVRover is specifically designed to increase student
achievement.
About Canary Travel
Canary Travel is
a high-volume, award-winning Leisure Travel Agency based in
Cleveland, Ohio, established in 1987. The Company specializes in
Funjet Vacations, Apple Vacations, Sandals, Disney, SuperClubs,
Cruises, Las Vegas, Hawaii, and Ski Destinations. Canary Travel has
been recognized with numerous awards for sales and
service.
About LiveToBeHappy, Inc.
LiveToBeHappy, Inc. is a platform company that acquires
undervalued assets and professionally manages them. LiveToBeHappy
Inc.'s wholly owned subsidiary, Sinacori Builders, is a residential
land development and custom single- and multi-family home builder
in Charlotte, N.C. LiveToBeHappy, Inc. has two remaining pending
acquisitions under Letters of Intent which are expected to
transform the Company into a vertically integrated real estate
development company with a broader footprint and more diversified
revenue stream. The Company's mission is to build lives, not just
places to live. For more information, please visit our website
at www.livetobehappy.com.
Forward-Looking
Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements contained in this release that do not relate to
matters of historical fact should be considered forward-looking
statements, including statements that include the words "expect,"
"intend," "plan," "believe," "project," "forecast," "estimate,"
"may," "should," "anticipate" and similar statements of a future or
forward-looking nature. These forward-looking statements are based
on management's current expectations. These statements are neither
promises nor guarantees, but involve known and unknown risks,
uncertainties and other important factors that may cause actual
results, performance, or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Readers are cautioned
not to place undue reliance on any forward-looking statements,
which speak only as of the date on which they are made. The Company
undertakes no obligation to update or revise any forward-looking
statements for any reason, except as required by law.
Investor Contacts:
Alpha IR Group
Lisa Fortuna or
Sam Cohen
LTBH@alpha-ir.com