Potenzhal
7 years ago
Good Life Networks Inc. Achieves Record $9.7 Million in Revenue and Record $1.7 Million in EBITDA for 2017
https://web.tmxmoney.com/article.php?newsid=7239069597236482&qm_symbol=GOOD
Canada NewsWire
VANCOUVER, April 26, 2018
VANCOUVER, April 26, 2018 /CNW/ - Good Life Networks Inc. ("GLN", or the "Company") (TSX-V: GOOD, FSE: 4G5), a Vancouver-based programmatic advertising technology company, is pleased to announce that it has filed its consolidated financial statements and management's discussion and analysis for the year ended December 31, 2017, available for viewing on www.sedar.com. All figures are expressed in Canadian dollars unless otherwise stated.
Financial Highlights
Record revenue during the twelve months ended December 31, 2017 increased 278% to $9,723,075 compared to $2,571,311 during the twelve months ended December 31, 2016;
Gross profit during the twelve months ended December 31, 2017 increased 800% to $4,334,670 from $481,795 during the twelve months ended December 31, 2016;
Gross margin as a percentage of revenue during the twelve months ended December 31, 2017 increased to 45% compared to 19% during the twelve months ended December 31, 2016, representing a 137% increase;
Record net income for the twelve months ended December 31, 2017 was $1,337,726 compared to a net loss of $3,000,692 during the twelve months ended December 31, 2016;
EBITDA for the twelve months ended December 31, 2017 was $1,716,189.
Potenzhal
7 years ago
TSX.V:GOOD announces patent pending of block chain application and stock option grants
https://glninc.ca/
https://web.tmxmoney.com/article.php?newsid=5894839608489653&qm_symbol=GOOD
Canada NewsWire
VANCOUVER, Feb. 27, 2018
VANCOUVER, Feb. 27, 2018 /CNW/ - Good Life Networks Inc. ("GLN", or the "Company"), (TSX-V: GOOD), a Vancouver-based programmatic advertising technology company is pleased to announce that the US Patent Office ("USPO") has granted patent pending for its accounts receivable ("AR") blockchain application.
GLN's blockchain application is designed to accelerate the account receivable pay cycle for publishers (websites). Whereas programmatic advertising transactions can be completed in seconds, accounts receivables are typically paid on 90-day and 180-day cycles, tying up billions of dollars of working capital across the digital publishing industry. GLN's AR blockchain solution helps to ensure prompt payments to publishers without requiring third-party intermediaries such as factoring agents. This blockchain application has the potential to transform the entire AR ecosystem within the digital advertising industry and may have many beneficial applications to other sectors with mismatched AR cycles.
"This is part of our aggressive patent strategy and we are pleased that we have been granted our second patent pending from the USPO." said CEO Jesse Dylan.
The Company also announces that a total of 5,525,000 incentive stock options have been granted to certain directors, officers and consultants of the Company pursuant to the Company's stock option plan. The options are exercisable for a period of five years at a price of $0.25 per share.
The GLN Story
Good Life Networks technology allows advertisers to reach their target audience quicker and more cost effectively.
"With the two patents pending, GLN is looking to exploit the paradigm created through the commercialization of blockchain technology to securitize the revenue from AR available in the advertising industry."
This year, Magna, the research arm of media buying firm IPG Mediabrands expects digital ad spending to grow to $237 billion, outpacing the Television ad spend by 50 Billion dollars, thanks in part to one-off events such as the Olympics and the U.S. mid-term elections.
GLN recently closed a $9.2 million subscription financing prior to closing its qualifying transaction and trades on the TSX-V under the stock symbol GOOD.
Forward Looking Statements:
Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding future events of management of GLN. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to the Company's blockchain patent application. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Important factors that may cause actual results to vary include without limitation, risks relating to the timing and receipt of approvals with respect to the blockchain patent application; delays in the receipt of requisite approvals and changes in general economic conditions or conditions in the financial markets. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation the receipt of necessary approvals. GLN does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in GLN's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Good Life Networks Inc.
View original content: http://www.newswire.ca/en/releases/archive/February2018/27/c6829.html
investors@glninc.caCopyright CNW Group 2018
Potenzhal
7 years ago
Exito and GLN Close $9.2 Million Subscription Receipt Financing
/THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./
CALGARY, Jan. 19, 2018 /CNW/ – Exito Energy II Inc. (“Exito“) (TSX Venture: EXI.P) and Good Life Networks Inc. (“GLN“) announce that GLN has completed the previously announced private placement (the “Offering“) of 141,321,044 subscription receipts of GLN (“Subscription Receipts“) at a price of $0.0651 (or approximately $0.25 per Resulting Issuer Share (as defined below)) per Subscription Receipt (the “Offering Price“) for aggregate gross proceeds of approximately $9,200,000.
The Offering was completed in connection with the proposed acquisition by Exito of all of the issued and outstanding common shares in the capital of GLN (“GLN Shares“) in exchange for the issuance of post-consolidation common shares in the capital of Exito (“Resulting Issuer Shares“) by way of plan of arrangement pursuant to an amended and restated arrangement agreement entered into on January 31, 2017, as further amended (the “Arrangement Agreement“) between Exito and GLN, which is intended to constitute the “Qualifying Transaction” of Exito, as such term is defined in Policy 2.4 of the TSX Venture Exchange (the “Exchange“). Upon completion of the Qualifying Transaction, each GLN Share (including the Underlying Shares (as defined below) issuable upon exchange of the Subscription Receipts) will be exchanged for 0.2601 of a Resulting Issuer Share. Completion of the Qualifying Transaction remains subject to a number of conditions, including but not limited to, receipt of all required regulatory consents, including final Exchange acceptance, and satisfaction of customary closing conditions.
The Subscription Receipts were sold pursuant to an agency agreement dated January 18, 2018 (the “Agency Agreement“) among GLN, Exito, GMP Securities L.P. (“GMP“) and Mackie Research Capital Corporation (“Mackie” and together with GMP, the “Agents“).
Upon the satisfaction or waiver (to the extent such waiver is permitted) of certain release conditions (the “Escrow Release Conditions“), including but not limited to the satisfaction of the conditions precedent under the Arrangement Agreement at or before 11:59 a.m. on January 31, 2018 (the “Escrow Release Deadline“), each Subscription Receipt shall be automatically exchanged in accordance with the terms of the subscription receipt agreement dated January 18, 2018 between GLN, GMP and Computershare Trust Company of Canada (the “Subscription Receipt Agreement“) and without payment of additional consideration or further action by the holder thereof, for one GLN Share (each an “Underlying Share). If the Escrow Release Conditions are not met prior to the Escrow Release Deadline holders of the Subscription Receipts will be entitled to receive the purchase price for their Subscription Receipts plus any interest earned theron in accordance with the Subscription Receipt Agreement.
Pursuant to the Agency Agreement, the Agents, in connection with the Offering, will receive a cash commission equal to 7% of the aggregate gross proceeds raised under the Offering (subject to certain exclusions as specified in the Agency Agreement) and non-transferable compensation options (the “Compensation Options“) equal to 7% of the aggregate number of Subscription Receipts issued (subject to certain exclusions as specified in the Agency Agreement), each such Compensation Option being exercisable for one GLN Share for a period of 24 months from the date on which the Escrow Release Conditions are satisfied at a price equal to the Offering Price, and following completion of the Qualifying Transaction, each Compensation Option shall be exercisable for 0.2601 of a Resulting Issuer Share, subject to adjustment in certain customary events. The exercise price of the Compensation Options is equivalent to approximately $0.25 per Resulting Issuer Share.
All securities issued pursuant to the Offering are subject to a statutory hold period of four months and a day from the closing of the Offering.
The net proceeds of the Offering will be used to develop the business of the Resulting Issuer and for general working capital purposes as further described in the joint supplement of Exito and GLN dated March 31, 2017 (the “Joint Supplement“) attached as Schedule E to the information circular of Exito dated March 31, 2017, as amended by the an addendum to the Joint Supplement dated May 11, 2017 (collectively, the “Meeting Materials“). The Meeting Materials are available under Exito’s profile on SEDAR at www.sedar.com.
Cautionary Statement
Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to final Exchange acceptance. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular prepared in connection with the transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
Neither the Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Forward-looking statements relate to future events or future performance and reflect the expectations or believes regarding future events of management of Exito and GLN (the “Companies“). This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the completion of the Qualifying Transaction and satisfaction of the Escrow Release Conditions. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Important factors that may cause actual results to vary include without limitation, risks relating to the completion of the Qualifying Transaction; risks associated with any delays or difficulties encountered in respect of the Qualifying Transaction; the timing and receipt of certain approvals; delays in the receipt of requisite approvals and changes in general economic conditions or conditions in the financial markets. In making the forward-looking statements in this news release, the Companies have applied several material assumptions, including without limitation the receipt of necessary consents and approvals and satisfaction of all conditions precedent for the completion of the Qualifying Transaction, continuance, consolidation in a timely manner. Neither Exito nor GLN assumes any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in Exito’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
SOURCE Exito Energy II Inc.
For further information: contact Brad Docherty, President, Chief Executive Officer and Director of Exito at (403) 472-5767 and Jesse Dylan, President, Chief Executive Officer and Director of GLN at (604) 341-8300.
Potenzhal
7 years ago
Good Life Networks Inc. Announces Closing of Qualifying Transaction
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
CALGARY, Jan. 26, 2018 /CNW/ – Good Life Networks Inc. (formerly Exito Energy II Inc.) (the “Company” or “Good Life“) is pleased to announce that it has closed its previously announced qualifying transaction (the “Transaction“) with Good Life Networks Inc. (“GLN“), a Vancouver-based, digital media private company.
The Transaction was completed by way of a share exchange pursuant to a plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the “Arrangement“), which included the amalgamation of GLN and Exito Energy II Inc. (“Exito“) to form the Company as the resulting issuer. Immediately prior to the completion of the Arrangement, Exito completed a consolidation of its issued and outstanding common shares on the basis of one post-consolidation share for every two pre-consolidation shares and continued from Alberta into British Columbia. Each GLN common share (including the common shares issued pursuant to the conversion of the subscription receipts sold in the recently completed brokered private placement (see the news release dated January 19, 2018)) were exchanged for 0.2601 of a common share of the Company (the “Good Life Shares“).
The Company is continuing the business of GLN, as described below. The Good Life Shares are expected to begin trading on the TSX Venture Exchange (the “Exchange“) on or about January 30, 2018 under the symbol “GOOD”.
There are currently a total of 75,264,515 Good Life Shares issued and outstanding and options, convertible debentures and warrants exercisable to purchase up to an additional 9,954,731 Good Life Shares, in aggregate. An aggregate of 18,175,820 Good Life Shares are subject to escrow and seed share resale restrictions pursuant to Exchange requirements.
Prior to the Transaction, Exito was a capital pool company (as defined under the policies of the Exchange), and had not commenced commercial operations and had no assets other than cash. The Transaction constituted the Company’s “Qualifying Transaction”, as such term is defined in Policy 2.4 of the Exchange. For further information with respect to GLN, Exito and the terms of the Transaction, please refer to the Joint Supplement of GLN and Exito dated March 31, 2017 (the “Joint Supplement“) attached as Schedule E to the Information Circular of Exito dated March 31, 2017, as amended by the addendum to the Joint Supplement dated May 11, 2017, prepared in accordance with the policies of the Exchange (collectively, the “Meeting Materials“), which are available on SEDAR at www.sedar.com. The summary of the Transaction set out herein is qualified in its entirety by reference to the description of the Transaction in the Meeting Materials.
The Business of the Company
Good Life is continuing the business of GLN. GLN developed a programmatic marketing platform powered by proprietary machine learning technology that allows advertisers to target and connect intelligently with their audiences across online display, video, social and mobile campaigns. This technology provides visibility and scale, affording a unique opportunity to scale revenue. The platform is the cornerstone of Good Life’s business, providing industry leading insights and data. This allows Good Life to match its clients to buyers in a way that provides significant and sustainable value to both. This data model means Good Life can forecast algorithmically the needs and wants of the brands it represents, maximizing the efficiency for its partners. Good Life combines decades of award winning management experience with innovative technology designed and developed by its team.
Officers and Directors
As a result of the closing of the Transaction, the directors and officers of Good Life are:
Jesse Dylan – CEO, President and Director
Andrew Osis – CFO and Corporate Secretary
Cliff Dumas – VP Operations and Director
Eugene Valaitis – Director
Stephanie Ratza – Director
Praveen Varshney – Director
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Forward-looking statements relate to future events or future performance and reflect the expectations or believes regarding future events of management of Good Life. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the date of trading of the Good Life Shares on the Exchange and final regulatory approvals. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of Good Life. Good Life does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in the Meeting Materials and the Company’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
SOURCE Exito Energy II Inc.
For further information: Jesse Dylan, CEO and Director, (604) 341-8300
Potenzhal
7 years ago
Good Life Networks Inc. Announces Board of Directors
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
GOOD LIFE NETWORKS INC Announces BOARD OF DIRECTORS
FOR IMMEDIATE RELEASE
February 8th, 2018 – Good Life Networks Inc. (“GLN”), (TSX.V: GOOD), a Vancouver-based Programmatic Digital Media technology company is pleased to announce the appointment of additional members to it’s Board of Directors.
Officer and Directors
Stephanie Ratza– Director (Vancouver, British Columbia) – Ms. Stephanie Ratza is a highly accomplished, results-driven senior accounting and financial management executive with more than 20 years of progressive experience in financial management from start-ups to global billion-dollar technology organizations. She has held CFO positions at Bluecat Networks Inc., Resolver Inc., Descartes Systems Group, and Ipico Inc. Descartes completed 23 acquisitions under Ms. Ratza’s watch. She will perform a strategic role in GLN’s acquisition path.
And
Praveen Varshney (Vancouver, British Columbia) – Mr. Praveen Varshney is a driving force in the Vancouver business world. He was with KPMG 1987 to 1991 where he obtained his C.A. designation in 1990. Member and past President of the Vancouver chapter of The Entrepreneurs’ Organization (EO) and a founding director of the Vancouver chapter of The IndUS Entrepreneurs (TiE). Was a 12-year member of the Sauder School of Business Faculty Advisory Board, a former Director of The Vancouver Board of Trade, and past recipient of Business in Vancouver’s 40 Under 40 Awards. Mr. Varshney is also a SVP Vancouver Partner, a Director of OneProsper.org. and a Founding Member of instrumentbeyondborders.org.
Ms. Ratza and Mr Varshney are welcomed by existing board members:
Jesse Dylan – CEO and Director (Vancouver, British Columbia) – Mr. Jesse Dylan is a multiple award-winning broadcaster, on-air personality of the year, and featured guest in a documentary as one of the top five on air personalities in the world. Mr. Dylan has won the ACTRA award for best on air personality in Canada and several awards from the International New York Festival of Radio including Gold. He is also an award wining Journalist and author of the Best-Selling book, The Good Life. Mr. Dylan is an alpha leader in media, entertainment and technology. He became fascinated with the future of advertising and distribution and has spent the past few years hand-selecting a team to disrupt the $600 Billion dollar a year advertising arena. Mr. Dylan is a world-class connector and has worked with the world’s largest broadcast entities. He is uniquely positioned to bridge old world and new media empires.
Cliff Dumas – CCO, Executive VP and Director (Vancouver, British Columbia) – Mr. Cliff Dumas is the only Canadian broadcaster to win both a CMA and ACM award in the U.S. He is a CCMA Hall of Fame inductee and Board Member. Mr. Dumas is also a multiple Mark Award winner for excellence in broadcast marketing. He is recognized as an expert in content creation, marketing and team management. Mr. Dumas helped launch the CMT Network in Canada. A 30-year broadcast veteran, he produced and wrote some of the biggest television events for CBC. Mr. Dumas has consulted hundreds of radio, television and entertainment professionals in the U.S. and Canada.
Gene Valaitis – Director (Vancouver, British Columbia) – Mr. Valaitis is a successful broadcaster and marketing strategist. He has a proven track record of comprehensive marketing planning and analysis. Mr. Valaitis has developed fully-integrated creative marketing initiatives to drive both business opportunity and product brands into sustained periods of explosive multi-million-dollar growth.
About GLN
GLN’s (www.glninc.ca) head office is located in Vancouver British Columbia. GLN trades on the TSX.V under the stock symbol GOOD. GLN owns and operates a patent pending high-speed video exchange.
Forward Looking Statements:
This press release contains certain forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the expectations or believes regarding future events of management of GLN (the “Company”). This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this press release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the completion of the transaction, continuance, consolidation and Offering. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. GLN assumes any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in GLN’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Potenzhal
7 years ago
Good Life Networks Inc Announces Issue of Patent Pending for it’s Programmatic Technology Platform
VANCOUVER, Feb. 15th, 2018 /CNW/ – Good Life Networks Inc. (“GLN”), (TSX-V: GOOD), a Vancouver-based Digital Advertising Technology company is pleased to announced the issuance to it by the US Patent Office of a Patent Pending that covers it’s innovative programmatic video advertising platform.
Patent Pending Programmatic Technology
After 22 months in development, GLN has been granted a Patent Pending for it’s programmatic video advertising platform.
“Our unique, intellectual property positions GLN well for revenue growth and profitability.” said CEO Jesse Dylan “We are intent on protecting our algorithms and we are pleased that we have been granted patent pending from the USPO.”
About GLN
Good Life Networks Inc. is a Digital Advertising Technology company. GLN’s technology has received patent pending status. Our data systems provide real-time decisioning on billions of data points using machine learning, modular software systems and scalable hardware. We build advertising ecosystems that are brand safe, transparent, reliable for advertisers, efficient, and productive for digital publishers. Programmatic advertising is the automation of buying and selling digital advertising. The Digital Advertising industry in the U.S. hit $88 Billion in 2017 surpassing TV $72Bfor the first time! We have built an innovative technology platform designed for video that allows advertisers to carefully select where their ads are placed safeguarding a brand’s reputation by insuring their advertising is only associated with brand safe inventory.
GLN’s head office is located in Vancouver. GLN trades on the TSX-V under the stock symbol GOOD.
Forward Looking Statements:
This press release may contain certain forward-looking information within the meaning of Canadian securities legislation and forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the expectations or believes regarding future events of management of GLN (the “Company”). This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this press release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the completion of the transaction, continuance, consolidation and Offering. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. GLN assumes any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in GLN’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Good Life Networks Inc.
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