RESAAS Services Inc. – The Real Estate Social Network™, has entered into an agreement dated January 8, 2014 whereby Liolios Group, Inc. will lead a new investor relations and financial communications program.
Liolios Group will work closely with RESAAS management to develop and execute on a comprehensive capital markets strategy, which will include corporate messaging and positioning, strategic advisory services, and introductions to new investors and key influencers across the global financial community.
Scott Liolios, founder and president of Liolios Group, commented, “We believe RESAAS presents a tremendous opportunity for us to leverage our recent cross-border client successes as well as our expertise, presence and relationships to effectively execute a comprehensive investor relations program. We look forward to working closely with the RESAAS team to articulate the company’s compelling story to the global financial community.”
“Over the last 12 months we have significantly grown the RESAAS platform and we are pleased to have entered into a strategic financial communications program with Liolios Group,” added Cam Shippit, CFO of RESAAS. “Given our scale and momentum, we believe now is the time for RESAAS to engage an experienced team of investor relations professionals to help us navigate the capital markets and increase the awareness of our company. Liolios Group brings a proven track record of helping companies like RESAAS enhance shareholder value by delivering the right message to the right audience, and building high quality, long-term relationships in the global investment community.”
Founded in 1999 and based in Southern California, Liolios Group combines deep capital markets expertise gained from years of Wall Street experience with extensive investor relations and strategic consulting capabilities. The firm has since expanded its U.S. presence, opening an office in New York City. Liolios Group also has an office in Toronto, Canada to support its growing North American client base and institutional relationships in the Canadian market.
Under the agreement, Liolios Group will provide services to RESAAS for an initial term of 12 months for a monthly fee and options to purchase common shares of RESAAS at the minimum exercise price permitted by CSE policy, exercisable for three years, and vesting as follows:
- 50,000 shares immediately;
- 15,000 shares after three months;
- 15,000 shares after six months;
- 15,000 shares for every qualified, non-paid sell-side research report procured by Liolios Group, vesting immediately; and
- 50,000 shares vesting on closing of certain capital-raising transactions.
As well, Liolios Group may receive additional fees for developing marketing materials for certain capital-raising transactions.
About Liolios Group
Founded in Newport Beach, California in 1999, Liolios Group, Inc. is a highly selective and comprehensive investor relations firm specializing in micro to mid-cap companies. Liolios Group aims to deliver superior performance in corporate messaging and positioning, investor awareness, analyst and financial press coverage, and capital attraction. Liolios Group’s senior partners each have more than 16 years of experience in finance and investments, and have represented more than 125 companies in a wide range of industries. For more information about Liolios Group, go towww.liolios.com.