Orchid Ventures Inc., ORCD, ORVRF, Stock Profile
Orchid Ventures Inc., (CSE:ORCD) , (OTC:ORVRF), is an innovative and vertically integrated company offering high-quality handcrafted cannabis products to consumers. After extensive research and development, the flagship Orchid Ventures, Inc. brand, Orchid Essentials, launched in 2017. Orchid partnered with the leading manufacturer in vape hardware to create sleek and discrete delivery systems. These unique cartridges are powered by a long-lasting, heavy-duty battery with variable power settings. Additionally, Orchid partners with a team of scientists to create extracts made with strain-specific profiles utilizing cutting-edge terpene reintroduction technology to ensure each batch produces uniform flavor and effect. Combined, the cartridges and battery provide what many say to be the best experience for vaporizing cannabis and CBD.
The company is poised to meet the increasing demand from the fast-growing recreational market and the rapidly expanding CBD health-enhancing products market. According to Arcview Market Research and BDS Analytics, the global cannabis market is poised to reach $57 billion in size by 2027. The U.S. cannabis market is in line to reach $23 billion by 2025, based on New Frontier Data’s research.
The Products
The company’s flagship brand, Orchid Essentials, features proprietary, custom-designed vape devices. Vape devices are highly popular and quickly gaining a considerable market share in the cannabis space. These elegantly designed devices are powered by a highly energy-efficient, quick charging, long-lasting battery that can keep you puffing for up to two full 1-gram cartridges on a single charge, in comparison to many other batteries that would struggle to get through one on a single charge.The battery comes fully charged, ready to amaze and delight consumers as soon as they get it home and pair it with their favorite Orchid Essentials cartridge.
Orchid’s research partner has developed a wide variety of flavors that capture subtle notes and full-bodied taste and deliver a unique experience with every puff you take. One can easily experience the joy any time of the day or night. Among the most popular Orchid Essentials cartridges are Tropical Trainwreck, a strain that produces an uplifting, giggly effect and tastes of delicious citrus, and Jack Herer, one of the most popular Sativa strains available today, is loved for the boost of energy it imparts.
The utmost attention to detail and formulation ensures a consistent, smooth experience that both new users and vaping aficionados appreciate. All Orchid Essentials batteries also come with a full 365-day warranty.
Leadership
Corey Mangold, Founder / CEO and Director
Corey Mangold is the Principal and Co-Founder of Gigasavvy, a leading southern California creative marketing agency. He's established a thriving agency that has launched and managed campaigns for Toshiba, Knott's Berry Farm, Johnny Rockets, Hi-Chew Candy, Tenet Healthcare and Northgate Markets to name a few. Corey has also worked tirelessly to create a thriving culture at Gigasavvy that has been recognized, 3 years running, as a "Top 10 Places" to work in Orange County.
As the CEO of Orchid Essentials, Corey brings 20 years of start-up experience and a knack for developing successful companies. Corey's vision and extensive experience in marketing/advertising, branding, design, sales and product development has already established Orchid as the brand to beat in the market.
"We intend to scale business by establishing ourselves as the dominant vape product in each market that we enter. We will then follow up in each market and provide additional product options as we expand. We are very excited for the upcoming Orchid Ventures listing on the Canadian Securities Exchange, and furthering our plans for global expansion."
Rick Brown, President
Rick's career in general management and marketing has spanned multiple countries and across a diverse set of industries such as CPG, Retail, Healthcare, and Financial Services. During his career, he has specialized in both scaling up companies with high growth potential and transforming businesses to energize revenue growth. He is a creative and influential leader with a history of crafting and implementing breakthrough strategy and innovation by leveraging his marketing expertise with deep operational experience and a strong financial acumen. Rick has considerable experience as a senior executive working with Boards on designing and developing strategy then aligning the company, including the Board Of Directors, on key growth priorities.
Most recently Brown spent 5 years with H&R Block as President of their Canadian operations, where he had full P&L responsibility and led the growth of tax and financial services for this $300 million company, plus built a proprietary digital tax software platform and e-commerce business.
Prior to this Rick was Chief Marketing Officer and SVP, Sales and Business Development for a healthcare service company in the US called Smile Brands, a market leader in the dental care sector with $500 million in revenue, serving 2+ million patients annually. He played a major role in navigating the company through an IPO process which ended in the private sale of the company in 2011.
Tom Soto,Board Chairman
Tom Soto is a long-time investor in the impact sector. Having sold Craton Equity Partners to Trust Company of the West (TCW) in 2013, he became Managing Director of Alternatives at the $198 billion fund. He also served as an Investment Committee Member of TCW and Craton Alternatives.
His leadership, voice and investments have stood at the dovetail of energy, Tech, cloud based and IoT efficiency programs in renewables, and to over many Fourth Industrial Revolution driven platforms where technology contributes to improving the human condition. This ranges from Fintech, to electric vehicle technology and policy, to political process and regulatory frameworks needed to promote the new economics driving the planet into a future of prosperity and abundance. Tom has a full understanding and history of sourcing opportunities, performing full due diligence, modeling, building organizational performance and measurement capacity along with building boards of directors and leading portfolio companies toward successful exits.
Tom is currently Chair of the Advisory Board for Aura, which is the nation’s leading online microfinance institution based in Silicon Valley.
Robert MacDonald, Board Member
Robert MacDonald is an influential, trusted advisor with deep board and corporate governance expertise in energy, clean technology, banking and manufacturing industries. He has had success in raising billions of dollars in capital to catapult startups and growth companies into thriving, profitable entities. He has positioned businesses for successful IPO or sale; restructure underperforming operations while gaining investor confidence and capturing up to four times the capital investment. He achieved measurable results by controlling hold periods and formulating exit strategies. He has served on 23 board of directors for 16 private and seven public companies, raising over $8 billion in funds over his extensive career.
In 1981, MacDonald, together with two other former Salomon Brothers principals, founded Catalyst Energy Corporation. Catalyst grew to become one of the largest IPPs in the country and was worth over $1 billion with nearly 800 employees and revenues of $414 million. In 1988, Catalyst was sold to the Bronfman family for $1 billion. From this point, MacDonald continued to finance the development of more innovative environmental technologies and power production. From 1988 to 1992, he was a co-founder and co-chairman of Eastrock Partners in New York where he provided private investment and financial consulting services to a variety of clients. In 1993, he joined William E. Simon & Sons L.L.C. He then became President of Simon Private Equity and served on its investment committee where he was responsible for all aspects of the management of Simon Private Equity. In 2006 Mr. MacDonald co-founded Craton Equity Partners I & II with Tom Soto. After the sale of Craton II, Bob served as a Senior Advisor to a number of private equity funds.
Product Availability and Expansion Strategy
Orchid Essentials products are currently available to consumers in California andOregon through a wide network of more than 345 stores, and the company is planning to expand to an additional five more territories in the near future and expects retail availability to exceed to 600 stores or more. In addition, the company is in on-going discussions with a number of strategic acquisition targets, some of which are expected to close in the near future.
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Anthera Pharmaceuticals, ANTH
Anthera Pharma, ANTH, Profile, Summary
Anthera Pharmaceuticals (ANTH) is a clinical-stage biopharmaceutical company focused on developing products to treat serious and life-threatening diseases, including exocrine pancreatic insufficiency and B-cell associated renal diseases.
The company was developing a Cystic Fibrosis drug called ‘Sollpura’ ,the drug was being developed in partnership with Eli Lilly, Sollpura was targeted for people who were suffering from Cystic Fibrosis which also affects pancreas and makes it much harder to digest food, the slow progression of indigestion could lead to adverse outcome including death.
Sollpurawas a ‘pure’ PIG FREE drug, unlike other drugs on the market which are derived from Pig Enzymes, Sollpurawas Kosher-Halal drug so people who prefer to avoid the consumption of drugs derived from Pigs were naturally very excited about this brand new drug.
The drug was in ‘third stage’ of clinical trials, unfortunately, the drug didn’t meet the expectation and wasn’t as effective in the late stage trials, so the company, after years of research and 100s of millions of expense, had no choice but to suspended all clinical trials of Sollpura.
The CEO released the following statement:
“We are greatly disappointed by the findings of the RESULT study,” shared
“We would like to extend our deepest gratitude to the patients and their families, study investigators, and the cystic fibrosis community for the support they have provided in the clinical development of Sollpura.”
As a result Anthera Pharmaceuticals was delisted from NASDAQ and currently trading on OTC Markets. The company has also been working on Kidney disease for a long time.
Blisibimod
Blisibimod was licensed from Amgen in December 2007 with exclusive worldwide rights. Blisibimod targets B-cell activating factor, or BAFF, which has been shown to be elevated in a variety of B-cell mediated autoimmune diseases, including Immunoglobulin A nephropathy, or IgA nephropathy, systemic lupus erythematosus, or lupus, and others.
Blisibimod is currently in development for the treatment of IgA nephropathy (IgAN). IgAN (also known as Berger’s disease) is the most common cause of primary glomerulonephritis worldwide, occurring more frequently in Asia than in Europe or North America. IgAN is characterized by deposition of IgA-anti IgA immune complexes in the kidney, resulting in inflammation, the leakage of blood and protein into the urine, and loss of kidney function. The disease typically progresses slowly but as many as 40-50% of patients will eventually develop end-stage-renal disease and require dialysis or kidney transplant. There are currently no approved therapies for IgA nephropathy
Bright • SC
The Phase 2 BRIGHT-SC study enrolled 57 patients with biopsy-proven IgAN, 42 of whom completed at least 60 weeks of evaluation and 21 of whom completed at least 104 weeks. Two interim analyses showed favorable trends as compared to placebo on the progression of proteinuria and expected pharmacological effects (reductions in circulating B cells and serum immunoglobulins). Dosing is now completed and study results are expected in Q3 2017. Patients with persistent proteinuria (1-6 g/24hrs), despite stable background optimized therapy with angiotensin converting enzyme inhibitors (ACEi) or angiotensin receptor blockers (ARB) for at least 90 days and estimated glomerular filtration rate >30mL/min/1.73m2, were randomized to receive either blisibimod (300mg/week for 8 weeks and 200mg/week thereafter) or matching placebo for up to 104 weeks and had the option of being followed thereafter in the absence of study drug to assess longer term outcome. ACEi or ARB was continued throughout the trial as background medication. Patients were not allowed to receive corticosteroids for the treatment of IgA nephropathy within 3 months of screening.
In the most recent interim analysis, the effects of blisibimod versus placebo were assessed through at least the 48 week time point in all patients. Patients had biopsy-proven IgA nephropathy with a mean proteinuria level of 2.4 grams and an estimated glomerular filtration rate of less than 70 mL/min/1.73m2 – indicative of stage 2 chronic kidney disease per the National Kidney Foundation. A positive trend on proteinuria by blisibimod was observed. Consistent with the previously announced Week 24 analysis, blisibimod treated-patients over time demonstrated stable to slightly decreased levels of proteinuria, as assessed by urinary protein to creatinine ratio (PCR), as compared to slowly increasing levels of proteinuria in the placebo group. 44 of the original 57 patients had a Week 48 observation and 22 patients had a Week 96 observation at the time of this analysis.
Source: The Company, OxBridge Research, Daily Stock Deals, OTC Stock Wire
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Sharc Energy, Stock Profile, Corporate Summary
Sharc International Systems, Corporate Profile
CSE: SHRC FSE: IWIA OTCQB: INTWF
Sharc is a Global leader in Thermal Heat Recovery with offices in North America & Europe, and operations in Asia and Australia. The Founders of Sharc spent almost a decade and millions of dollars in R&D to develop a unique technology and highly efficient heat recovery system. Sharc system captures heat that’s literally going down the drain. Sharc’s patented system converts the recovered heat in to pure, fresh heat that could cut down your gas/electric bill by up to 30% or more!
The genius of the Sharc system is its proprietary design that seamlessly integrates with all new and existing HVAC systems, therefore, Sharc system can be installed in a brand new building or could be easily retrofitted in older, even historic buildings.
Excellent Design, Sustainable Development
The brand new, state of the art, $60 million dollar Washington Water & Sewage Authority building in Washington, DC., designed and custom built by two highly acclaimed, globally renowned companies (SmithGroupJJR of USA andSkanskaof Sweden). The new Building will be LEED Platinum Class A, incorporating every state-of-the-art environmentally sustainable feature used in modern construction. Alternative energy will be supplied by an innovative thermal heat recovery system from Sharc.
The building is slated to open in the next few months, and it will be the most energy efficient, and lowest carbon emitting building in North America.Sharc is honored and tremendously proud for being selected by the extremely sophisticated Washington Water & Sewage Authority and the two highly regarded companies, globally renowned for their futuristic, environment friendly, design and construction. Sharc intends to work with these two great companies in the future along with other industry leaders, private and public organization worldwide.
Leadership
• SHARC ENERGY PRESIDENT & CEO LYNN MUELLER served as President of Water Furnace Canada and Water Furnace International in the 1990s
• Water Furnace manufactures and sells geothermal systems for homes
• WFI went from $0.30 per share to a takeover price of $30.60 at a $378 million market cap
• After noticing the tremendous amount of energy in hot water that is wasted and sent down the drain every day, Lynn Mueller used his 25 years of experiencein the heat-exchange industry to cofound SHARCInternational Systems Inc. with Daryle Anderson
• Today, the Company has a wholly owned UK subsidiary,
SHARC Energy Systems, and a distribution network across Canada, the United States, U.K., Australia, andChina
Strategic Partners/Customers
Compelling Business Drivers
Uniquely positioned to capitalize on regulation driven demand
REGULATORY COMPLIANCE; E.G.:
• Zero Emission Building Plan 2018, LEED® Gold mandate, Vancouver, BC.
• Energy Efficiency Standards for Residential and Nonresidential Buildings, California, USA.
• Incentives
• Renewable Heat Incentive (RHI), UK.
• Demand for multifamily construction projects
• Population density + rising home prices
• Increasing global demand for energy and water
• World energy consumption will grow by 48% between 2012-2040 (IEO2016)
• Award-winning tech with a typical payback of 4 years, exceeding competing technologies
Business Segments & Revenue Streams
Revenue Mix Provides Strong Base for Consisting Growth
Original Equipment Manufacturer
• Manufacturing margins
• SHARC and PIRANHA Manufactured and Assembled in North America
System Sales & Project Development
• Sales, consulting & service revenue
• SHARC requires quarterly service & maintenance
• PIRANHA requires bi-annual service & maintenance
Energy Sales From Owned Projects
• Long-term recurring revenue from heat purchasing agreements
• Contracts in the U.K. enter a 20- year heat purchasing agreement with SHARC Energy Systems
• Clients will purchase heat from SHARC at discount to gas prices
• Provides immediate paybacks to users with reduced operational costs and no upfront Capital expenditure
Licensing
• Royalties; long-term recurring revenue
Financial Highlights
Revenue guidance of $20 million from installations over the next two years.
UK
• Strategic alliance with Scottish Water Horizons Ltd., a public water utility owned by the Scottish Government.
• Secured projects for five locations across Scotland for approx.. CAD $17.3 million in installations.
• Recurring revenue through 20-year heat purchase agreement for five sites.
USA
• Joint Venture in California
• Signed in November 2016; Production expected Q1 2018
Canada
• Working with BC Hydro to implement SHARC systems in educational institutes
• Planning stages for district heating opportunities in Richmond, BC; Ottawa, ON; CHICAGO (US); LA (US).
Australia
• Distribution agreement with Environmental Technology Solutions (ETS).
• Several sites identified for SHARC and PIRANHA systems are in planning stages.
Management
Lynn Mueller - CEO & Chairman
Mr. Mueller is the co-founder and Chief Executive Officer of SHARC International Systems Inc. Mr. Mueller has over 25 years of experience in geothermal heat pump sales. He has served as president of WaterFurnace Canada and WaterFurnace International and founded Pacific Geo-Exchange Inc. and Earth Source Energy Inc. Over his career, Mr. Mueller pioneered many innovative approaches to geothermal installation.
David Alexander - CFO
Mr. Alexander’s past achievements include his role as the CFO of Arakis Energy Corporation, an international oil and gas development company, where he managed the company’s growth from start-ups to over a billion dollars in assets, leading to a listing on the NASDAQ market. Arakis was subsequently sold to Talisman Energy. David was also CFO of Laminco Resources Ltd. (name changed to Zaruma Resources Ltd.)., a Vancouver based copper/gold exploration company with properties located near Hermosillo, Mexico. While CFO of Laminco, Mr.Alexander assisted in the raising of over $20 million.
Russell Burton - COO
A chartered surveyor with a 30-year career in real estate management leading the client-side agenda for several FTSE 100 businesses, Russ’s career has focused on managing income growth through asset and corporate acquisition activity, Capex and the progressive delivery of efficiency in the OPEX program. Following a successful 15 years as Director of Property for Enterprise Inns PLC, Russ realized his ambition to start a renewable energy business, supporting property owning clients to recognize the value of their energy consumption as a lever to support investment into renewable energy schemes.
In 2014 Russ met Lynn Mueller and formed the UK operation of SHARC Energy, with the intention of developing a Design, Build, Operate and Finance service that delivered energy savings to clients, whilst retaining long term income and asset ownership opportunities to the company.
Richard Mort - UK FD & Group Head of Finance
Richard is a chartered accountant with a career in the engineering contracting & water utilities sector where he has held several senior financial positions and was heavily involved in the development and delivery of PPP/PFI/DBFO projects in the water, wastewater and renewable energy sectors.
Working with United Utilities Richard held the role of CFO with Sophia Water on a 2-year contract supporting the development of water infrastructure in the Sophia region of Bulgaria.
In 2013, following a period with Grant Thornton & Earthtech, Richard invested into researching the opportunities for Sewage Heat Recovery and was introduced to SHARC through his work with Thermowatt.
As the UK Head of Finance, Richard covers the financial and commercial elements within the business and is responsible for contract development, project financing and the day to day accounting functions.
Board of Directors
Lynn Mueller – CEO & Chairman
Mr. Mueller is the co-founder and Chief Executive Officer of SHARC International Systems Inc. Mr. Mueller has over 25 years of experience in geothermal heat pump sales. He has served as president of WaterFurnace Canada and WaterFurnace International and founded Pacific Geo-Exchange Inc. and Earth Source Energy Inc. Over his career, Mr. Mueller pioneered many innovative approaches to geothermal installation.
Daryle Anderson - Director
Daryle Anderson is a co-founder of SHARC International Systems Inc. and brings a wealth of expertise to IWS. Mr. Anderson has over 35 years’ experience in mechanical contracting and new residential/commercial construction. He has received his certificate of qualification in plumbing, heating, gas and sprinkler systems and is the President and Owner of CIR Mechanical Ltd. located in Burnaby BC, for the past 30 years. Mr. Anderson has vast knowledge of plumbing, heating and district energy systems and related installation solutions.
Mike Harcourt – Director
As former premier of British Columbia 1991-96, Mayor of Vancouver and City Councilor, Mike Harcourt helped British Columbia earn its reputation as one of the most livable, accessible and inclusive places in the world. His focus on conservation and sustainable development – and his resolve to contribute to the transformation of cities and communities has played a significant role in promoting quality of life for those in Canada and abroad.
After stepping down from politics, he was appointed by the Prime Minister to serve as a member of the National Round Table on the Environment and Economy, where he served on the Executive Committee and Chaired the Urban Sustainability Program. He was a federally appointed B.C. Treaty Commissioner and was Chair of the Prime Minister’s Advisory Committee for Cities and Communities.
Mike Harcourt is currently Chair of University of British Columbia’s Centre for Interactive Research on Sustainability. In addition he is Chairman of Quality Urban Energy Systems for Tomorrow (QUEST). He is also the lead faculty in United Way’s Public Policy Institute, member of Canada’s ECOFISCAL Commission, and Chair of the Board of Directors of AGE-WELL a national research and training network of university, industry and public sector partners aimed at helping older Canadians to maintain their independence, health and quality of life. (Received Order of Canada 2012.)
Mark McCooey – Director
Mr. McCooey has been the Chief Executive Officer and Chief Financial Officer of SEI Industries for over 25 years. SEI is a world leader in the design, engineering and manufacturing of products from innovative industrial fabrics. Mr. McCooey has an extensive background in the renewable energy sector and has acted as a senior executive and board member for a number of private and public companies in the areas of sustainable development.
Sashko Despotovski – Director
Sashko Despotovski is an active investor and an investment banker. He is a Canadian national living in the Nordics, with over a decade of international experience in the technology and energy sectors. Sashko has held posts within several funds and hedge funds in the investment banking capacity in US and Canadian markets, as well as on the operational side in the upper management and as a director for a number of companies. Sashko until recently was an M&A Director at one of the Big Four, and currently serves a Special Advisor to the firm, working closely with the members of Global Origination team in CEE, focusing on cross border transactions. His specialties are fundraising and fund dissemination. He serves as an advisor to a number of public and private firms.
Head Office
Sharc International Systems
1443 Spitfire Place
Port Coquitlam, BC
Canada V3C 6L4
Phone: (604) 474-7710
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
UK Office
Unit 10, Stephenson Court,
Stephenson Way,
Newark, England
NG24 2TQ
Suite 1.17
Red Tree Business Suites
33 Dalmarnock Road
Glasgow, Scotland
G40 4LA
Phone: +44 (0)115 8700021
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DigitalTown Research Profile, Business Summary
DigitalTown, DGTW, Corporate Profile
DigitalTown (DGTW) is a fully reporting publicly traded company currently listed on the OTC Markets. The Company plans to up-list on NASDAQ/NYSE in the near future. The Company is already operating audit, compliance and governance at a mature level as the business ramps.
DigtalTown is a unique Company that partners with city governments and destination marketing organizations to build strong, resilient communities and flourishing local businesses where communities can search, connect and transact locally.
DigitalTown provides cities a highly scalable, cloud-hosted platform that helps cities connect with citizens and local businesses with ease. The DigitalTown platform includes both mobile applications, and a branded city portal that empowers citizens to interact directly with city leaders, local government agencies and businesses.
Act Local. Think Global
DigitalTown changing the landscape one city at a time, helping build smart cities and better governments. City governments eagerly embracing DigitalTown’s vision because it helps cities provide better services quickly and cost effectively. DigitalTown has a unique ability to capture big-data at a very granular level, the unprecedented access to information helping city mayors and administrators plan better cities, better communities and optimize the use of city resources.
Changing Dynamics of Local Commerce
Partnering with DigitalTown helps cities collect taxes and fees efficiently and cost effectively, and helps local businesses sell more products and services to people in their own communities. Research shows that people want to patronize local businesses, unfortunately, they don’t have easy access to buy local. DigitalTown changing the dynamics of local commerce, empowering cities and citizens like never before.
Helping Cities and Citizens
DigitalTown powered city portal helps citizens and businesses pay their utility bills, property and business taxes and buy and sell goods and services without leaving the city portal. The portal acts like town square, bustling with commerce, increasing social interaction and community engagement. The company believes that this will help increase standard of living, reduce crime, increase property value and attract more people and businesses to DigitalTown powered cities.
Highly Scalable, Cloud Based Platform
DigitalTown’s highly scalable, cloud based platform built for highly interconnected, extremely dynamic and mobile friendly cities of the future. Digital Town bringing people together and changing the landscape of cities and towns.
Why Invest in DigitalTown?
DigitalTown is a unique, high growth, extremely scalable SaaS platform, and it has many streams of income. The company generates revenues through licensing fees, software development and integrations fees, payment processing fees, native ads and sponsored content and other sources.
DigitalTown powered city portals are social and commerce hubs where consumers recommend their favorite restaurants & beauty shops, write reviews, discover local events, find doctors, dentists and plumbers. The portal helps both peer-to-peer and consumers-to-business communication, helping consumers connect with each other and to shop local.
DigitalTown provides a one stop shop for all the goods and services from a single platform. DigitalTown helps cities and business process transactions and facilitates safe and secure payments. Research shows that most consumers for personal data security reasons are reluctant to shop on obscure, small store websites, DigitalTown helps alleviate the concerns and encourages people to shop at their favorite local stores.
The company has acquired more than 22,000 of the .CITY domains that map to major population centers around the world. These .CITY portals are both branded destination sites, but are also connected together through a unified SmartWallet single-sign-on that connects all participating cities in a frictionless network.
DigitalTown Growing Rapidly
The company is growing organically and through smart acquisitions. The company acquired and successfully integrated half a dozen companies and looking to acquire more as it continues to grow at a rapid pace.
Cloud.Market: Acquired for 750,000 shares and $7,500 cash. This acquisition gave DigitalTown a platform on both web and mobile. Chris Maxwell, the Founder who was ex-Amazon has led the development of this platform that allowed any city to be its own Amazon. The acquisition gave DigitalTown both a working platform and a talented engineering team. Although integration began in January, 2016, the DigitalTown Board formally approved the acquisition at the March 4, 2016 Board meeting in Mesa, AZ.
Software Masters:Acquired for 150,000 common shares, this acquisition gave DigitalTown a solution for powering the back office of local government. Software Masters’ product, GovSuite, powers the 90,000-person Madison County, Kentucky. This technology has been in commercial use for 6 years and was in the process of being commercialized into a product that could be sold on a multi-tenant basis as Software as a Service (Saas). Through the deal, DigitalTown also secured an excellent portfolio of .CITY domains.
Rezserve:Acquired for 3 million shares and a $400,000 convertible note, with a 1 year term, interest-free. The convertible note is secured only by the equity of Rezserve with no contingency on any other DigitalTown assets. This acquisition gave DigitalTown a fully commercialized solution for powering online travel booking. The technology has been in development since 2003. Rezserve processes in excess of $25 million in annual travel bookings using the Rezserve platform in Whistler, Canada alone.
Appointment.com:Acquired for 1.625 million shares, the acquisition gave DigitalTown a robust and commercialized solution for online appointment booking. The platform powered nearly 1 million calendar bookings per year with nearly 1000 paying customers. The main opportunity from this acquisition is the ability to support any type of service-oriented business with a cloud-based booking solution, i.e. the “Open Table for Everything”, covering a broad range of service provider categories.
Integration of each acquisition has gone very well. There has been no loss of personnel, or impairment of assets. Of the 4 companies, Rezserve and Appointment.com continue to operate as independent brands and have the ability to grow substantial revenues on a stand-alone basis through dramatically accelerated marketing of this mature solution by leveraging DigitalTown’s .CITY website network as a hub for online bookings for lodging and activities. Cloud.Market and Software Masters were technology, intellectual property, and personnel acquisitions.
The Management Team
The DigitalTown team is led by successful technology managers who have a passion for economic development and fostering robust local economies.
Robert W. Monster
CEO & President
Robert joined DigitalTown at CEO in 2015, bringing significant experience with him. Among his many accomplishments, he founded and served as Managing Director of Monster Venture Partners LLC, and founded Global Market Institute (GMI). Prior to founding GMI, he was a global product development manager at Procter & Gamble. Robert earned both a BS and an MBA from Cornell University. He was recognized as Ernst & Young’s 2006 Entrepreneur of the Year. He also authored Market Research in the Internet Age, published by John Wiley and Sons.
Chris Maxwell
Chief Technical Officer
Chris leads DigitalTown’s development team. He’s responsible for engaging with clients to understand their challenges and needs, and delivering customized solutions to meet them. Prior to joining DigitalTown, he founded Cloud.Market, an online marketplace serving local communities. He was a senior technical program manager at Amazon, CTO of Voxeo Labs (acquired by Aspect), and held leadership and technical roles at Tellme (acquired by Microsoft), AT&T, Edify, Intervoice (acquired by Convergys), Verizon and EDS. Chris earned a BA from Baylor University and an MBA from the University of Dallas.
Adee Wada
Vice President, Marketing
Adee leads DigitalTown's marketing efforts. He comes from Microsoft, where he spent eight years serving in their Online Media Business division, most recently as Director of Audience Marketing. Prior to Microsoft, he was the Director of Event Services for the Seattle Mariners, overseeing operations at Safeco Field. He earned a BA from the University of Colorado. Adee enjoys life in Bellevue with his wife and three children.
Ken Cooper
Vice President, Finance
Ken brings years of financial experience to DigitalTown, founding and directing Four Hills Advisors. Prior to Four Hills, he spent 14 years at Life Time Fitness, Inc., serving in many roles, helping them grow from $53 million in revenues to over $1 billion. He led their investor-relations efforts from Life Time’s IPO in 2004 thru 2010. He helped garner over $1 billion in capital for the company, and built their blueprint for strategic decisions for years to come. He also led their Athletic Events & Endurance division, as well as serving in their M&A department.
Ken Jensen
Vice President, Engineering
For 20 years, Ken led Software Masters. Acquired by DigitalTown, the company developed website solutions for communities and local governments. Since coming on board, he has taken primary responsibility for the development of software solutions for local governments.
Faris Oweis
Vice President, Corporate Development
Faris has experience in countless industry verticals from tech to architecture. He’s a storyteller, listener, strategist, rapid learner, and a natural connector of ideas who has secured projects across 8 industries in over 30 countries. Prior to DigitalTown, Faris led large pursuits for CH2M with a focus on mega infrastructure and smart city projects across the Middle East and India. School wise he holds a B.S. in Marketing from Virginia Tech (Go Hokies) and MBA from Auburn (War Eagle).
Clint Skidmore
Vice President, Product Development
Since 2001, Clint has been fuelled by a passion for combining technology and travel into a market-leading software solution for the travel industry. As CEO of Rezserve Technologies Ltd, Clint has brought his vision to life, enriching yet simplifying the user experience of booking lodging and other travel related products. Since coming on board at DigitalTown through the acquisition of Rezserve, Clint has led product development and use his experience and expertise to increase the usability and functionality of DigitalTown with an emphasis on providing intuitive Merchant Solutions that help businesses of all sizes to win locally and compete globally.
Ala Dadan
Vice President, Product Design
With over 14 years of experience in new media design. Ala Dadan leads the design efforts behind the new product features in DigitalTown.comacross their full life cycle — concept, scope, design comps, and prototype support. He started his career in 2001 & during that time he was a member of different design teams in several companies in Jordan - the Middle East and as a consultant for many design firms abroad. Mr. Dadan has also served as Vice President of Design at Epik.comand was the founder of O2 Alternative, a trend-setting design house in Jordan.
Kenneth A. Holloway
Marketing Director
Kenny joined us in March 2016. As Marketing Director, Kenny oversees the knowledge base, training, support and SEO. Prior to DigitalTown, Kenny had spent over a decade at the helm of 360 Media Group. Kenny brings a wide range of experience with media buys, traffic generation, web development and is a published photographer.
Governance
The Company Board of Directors is comprised of 8 Board members, of which 7 are non-executive with strong records of professional success. The Board meets quarterly in person and also has actively engaged committees that are working with the management team.
Please visit the company website at DigitalTown.com to learn how DigitalTown helps local communities to compete and win in the Digital Age. Make your city a - DigitalTown Empowered City - today!
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