Voxtur Announces Severance Agreement
July 14 2023 - 5:53PM
Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the
"Company"), a North American technology company creating a more
transparent and accessible real estate lending ecosystem, announces
that it has entered into a severance agreement (the “Severance
Agreement”) with a former executive of its subsidiary Realwealth
Technologies, LLC.
As part of the Severance Agreement, the Company
shall pay $650,573 and issue 2,500,000 common shares of the Company
(the “Severance Shares”) to the former executive. The issuance of
the Severance Shares is subject to approval from the TSX Venture
Exchange. In addition, the Company shall release from escrow
2,000,000 common shares of the Company (the “Escrow Shares”),
previously issued in relation to the acquisition of Realwealth
Technologies, LLC. The Escrow Shares are further described in the
Company’s October 14, 2021 press release.
About Voxtur
Voxtur is a transformational real estate
technology company that is redefining industry standards in a
dynamic lending environment. The Company offers targeted data
analytics to simplify tax solutions, property valuation and
settlement services throughout the lending lifecycle for investors,
lenders, government agencies and servicers. Voxtur's proprietary
data hub and workflow platforms more accurately and efficiently
value assets, originate and service loans, securitize portfolios
and evaluate tax assessments. The Company serves the property
lending and property tax sectors, both public and private, in the
United States and Canada. For more information, visit
www.voxtur.com.
Forward-Looking Information
This news release contains certain
forward-looking statements and forward-looking information
(collectively, “forward-looking information”) which reflect the
expectations of management regarding the Company’s strategic
initiatives, plans, business prospects, and opportunities.
Forward-looking statements should not be read as guarantees of
future events, performance or results, and give rise to the
possibility that management’s predictions, forecasts, projections,
expectations, or conclusions will not prove to be accurate, that
the assumptions may not be correct and that the Company’s future
growth, financial performance and objectives and the Company’s
strategic initiatives, plans, business prospects and opportunities,
including the duration, impact of and recovery from the COVID-19
pandemic, will not occur or be achieved. Any information contained
herein that is not based on historical facts may be deemed to
constitute forward-looking information within the meaning of
Canadian and United States securities laws. Forward-looking
information may be based on expectations, estimates and projections
as at the date of this news release, and may be identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” or similar
expressions. Forward-looking information may include but is not
limited to: the effects of unexpected costs, liabilities or delays;
success of software activities; regulatory approval; the
competition for skilled personnel; expectations for other economic,
business, environmental, regulatory and/or competitive factors
related to the Company, or the real estate industry generally;
anticipated future production costs; and other events or conditions
that may occur in the future. Investors are cautioned that
forward-looking information is not based on historical facts but
instead reflects estimates or projections concerning future results
or events based on the opinions, assumptions and estimates of
management considered reasonable at the date the information is
provided. Although the Company believes that the expectations
reflected in such forward-looking information are reasonable, such
information involves risks and uncertainties, and undue reliance
should not be placed on such information, as unknown or
unpredictable factors could have material adverse effects on future
results, performance, or achievements of the Company. Among the key
factors that could cause actual results to differ materially from
those projected in the forward-looking information include but are
not limited to: additional costs related to acquisitions;
regulatory approval of Issued securities; integration of acquired
businesses; implementation of new products; changing global
financial conditions, especially in light of the COVID-19 global
pandemic; reliance on specific key employees and customers to
maintain business operations; competition within the Company’s
industry; a risk in technological failure, failure to implement
technological upgrades, or failure to implement new technological
products in accordance with expected timelines; changing market
conditions; failure of governing agencies and regulatory bodies to
approve the use of products and services developed by the Company;
the Company’s dependence on maintaining intellectual property and
protecting newly developed intellectual property; operating losses
and negative cash flows; and currency fluctuations. Accordingly,
readers should not place undue reliance on forward-looking
information contained herein.
This forward-looking information is provided as
of the date of this news release and, accordingly, is subject to
change after such date. The Company does not assume any obligation
to update or revise this information to reflect new events or
circumstances except as required in accordance with applicable
laws.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Voxtur’s common shares are traded on the TSXV
under the symbol VXTR and in the US on the OTCQB under the symbol
VXTRF.
Contact:
Jordan RossChief Investment Officer Tel: (416)
708-9764jordan@voxtur.com
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