VANCOUVER, Dec. 17, 2018 /CNW/ - Good Life Networks Inc.
("GLN", or the "Company") (TSXV: GOOD) (FSE: 4G5),
a programmatic advertising technology company, today announced
that it has entered a commercial agreement with a Major Canadian
Financial Institution to provide credit facilities that will give
GLN access to an aggregate total of $11,250,000. Included among the credit facilities
is a $5,000,000 revolving line of
credit to help support working capital as the company scales, and
an acquisition line of credit to support company M&A
strategies. Management plans to access funds from the acquisition
line of credit to complete a recently announced acquisition.
"The credit facilities will help us meet our growth objectives
while maximizing shareholder value," said GLN CEO Jesse Dylan. "We
are thrilled to be working with a Major Canadian Financial
Institution now and in the future as we continue to scale our
business."
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.
The GLN Story
GLN's technology is the engine that sits
between advertisers and publishers. The GLN Platform is built for
cross device video advertising: Mobile, In-App, Desktop and CTV
(Connected Television). The Programmatic Video Marketing Platform
is powered by GLN's Patent Pending proprietary machine learning
technology that targets and connects digital advertisers with
consumers three times faster than industry standards, with among
the lowest fraud rates among vendors without collecting PII
(Personal Identifiable Information).
The Programmatic Video Technology Platform features integrations
at the server level with both Publishers and Advertisers. Our
technology quickly finds the most valuable advertisement for every
consumer. Publishers make more money through improved CPM
(advertising fill rate) combined with a more engaged consumer
experience. Advertisers make more money by reaching their target
audience more effectively. GLN makes money by retaining a
percentage of the advertiser's fee.
GLN is headquartered in Vancouver,
Canada with offices in the US and UK and trades on the TSX
Venture Exchange under the stock symbol "GOOD" and The Frankfurt
Stock Exchange under the stock symbol 4G5.
Addressable Market: The total media ad spend worldwide will rise
7.4% to $628.63 billion by this year,
according to "Global Ad Spending: The eMarketer Forecast for 2018."
By 2020, digital's share of total advertising will near 50%.
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 performance of the
company. These statements generally can be identified by use of
forward-looking words such as "may", "will", "expect", "estimate",
"anticipate", "intends", "believe" or "continue" or the negative
thereof or similar variations. 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 digital
advertising industry and general economic conditions, success of
acquisitions and any growth strategies implemented utilizing the
noted debt instrument. In making the forward‐looking
statements in this news release, the Company has applied several
material assumptions, including without limitation that any
acquisitions and corporate directives and initiatives will be
successfully completed in the time expected by management and
produce the desired results, generate the anticipated revenue and
expand GLN's global reach per management's expectations. 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, other than as 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.
SOURCE Good Life Networks Inc.