CBLT Investee Ciscom Has Filed Its Preliminary Prospectus
CBLT Investee Ciscom Has Filed Its
Preliminary Prospectus
Burlington, Ontario--(Newsfile Corp. - May 9, 2022) - CBLT Inc. (TSXV: CBLT) ("CBLT") is very pleased
to report that its investee Ciscom Corp. ("Ciscom") has received a receipt from the Ontario Securities
Commission for its preliminary prospectus (the "Prospectus"). The Prospectus can be found at Ciscom's
Sedar page:
Ciscom Corp. Profile (sedar.com)
.
"We have been working with Ciscom for roughly 18 months, helping the team get ready for this event,"
said CBLT CEO, Peter M. Clausi. "Next up will be assisting with listing on the Canadian Securities
Exchange, governance and capital markets."
CBLT owns 4,215,116 common shares of Ciscom, or roughly 10.5% of Ciscom's outstanding shares.
As described in CBLT's press release of November 10, 2021, CBLT has declared a dividend of some
of those shares back to its shareholder base, the timing of the payment of such dividend to be at the
discretion of CBLT's board.
A summary of Ciscom can be taken directly from page 12 of the Prospectus:
The Company's principal business is investing in and acquiring companies operating in the
Information, Communications and Technology sector and playing an active role in the management of
these companies to mitigate risk and maximize growth. The Company defines itself as an enabling
business accelerator. Through ownership of Common Shares, the general public has an opportunity
to participate in the financial growth of the investments and acquisitions made by the Ciscom in these
companies.
Ciscom targets companies in the following areas: 1. The ICT sector; and 2. Organizations using
technology as a way to process data, incorporate external databases, documents and information to
deliver the products and services (big data applications).
In addition to its investment and acquisition activities, the Company's business mandate includes the
negotiating strategic joint ventures and the identification of the implementation of synergies through
shared services.
The business of the Company includes the management of its investments and acquisitions to
improve long- term performance. The Company invests and acquires small to medium size
enterprises/businesses ("SME") with growth potential and is paying moderate acquisition prices,
based on proven profitability track records, which lowers risks and shortens the return on capital
period.
In addition to providing returns to its investors, Ciscom provides an exit strategy to entrepreneurs.
Currently there is significant inter-generational wealth transfers which create an increased influx of
offers to sell, while there are limited opportunities being offered to the SME market participants. The
Company addresses this gap in the market.
The Company charges subsidiaries a management fee for its services. The Company second
investment is expected to close in calendar Q2 2022 and it is further expected to initiate third and
fourth investments and acquisitions in the summer and fall of 2022.
Ciscom has already made one acquisition, resulting in its wholly-owned subsidiary Market Focus Direct
Inc., and as referenced above has signed a share purchase agreement to acquire another (Prospect
Media Group Ltd. and its parent company) in Q2 2022. The Combined Pro Forma Statement of
Financial Position and Combined Pro Forma Statement of Profit & Loss as at December 31, 2021 are
found at Schedules J and K respectively of the Prospectus. Those schedules are attached to this press
release.
Of particular note is the combined revenue line in Schedule K, which shows $27,865,234 as of
December 31, 2021. Schedule J shows combined net equity at the same date of $4,966,813.
CBLT will continue to report on Ciscom's developments and will declare the payment of the dividend to
CBLT's shareholders as soon as reasonably possible.
CBLT also announces it has granted 100,000 options to a consultant of the Company, with such options
vesting immediately and having a 5 year term, at a strike price of $.05 per option.
CONTACT INFORMATION
Peter M. Clausi
CEO and Director
1 416 890 1232
@ClausiPeter
Neither 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.
This news release contains certain statements that constitute forward-looking statements as they relate
to CBLT and its management. Forward-looking statements are not historical facts but represent
management's current expectation of future events, and can be identified by words such as "believe",
"expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and
similar expressions. Although management believes that the expectations represented in such forward-
looking statements are reasonable, there can be no assurance that they will prove to be correct or will
come to pass.
By their nature, forward-looking statements include assumptions and are subject to inherent risks and
uncertainties that could cause actual future results, conditions, actions or events to differ materially from
those in the forward-looking statements. If and when forward-looking statements are set out in this new
release, CBLT will also set out the material risk factors or assumptions used to develop the forward-
looking statements. Except as expressly required by applicable securities laws, CBLT assumes no
obligation to update or revise any forward-looking statements. The future outcomes that relate to
forward-looking statements may be influenced by many factors, including but not limited to; SARS-CoV-
2; reliance on key personnel; the performance of the Ciscom Corp. leadership team; shareholder and
regulatory approvals; First Nations and other local communities; jurisdictional risk; risks of future legal
proceedings; income tax matters; availability and terms of financing; distribution of securities;
commodities pricing; environmental issues; forest fires and other natural phenomena; rising costs
related to inflation; effect of market interest on price of securities; failing to identify an economically
viable mineral deposit; and, potential dilution.
CBLT's operations could be significantly adversely affected by the effects of a widespread global
outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not
possible to accurately predict the impact COVID-19 will have on operations and the ability of others to
meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the
severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions
imposed by governments of affected countries. In addition, a significant outbreak of contagious
diseases in the human population could result in a widespread health crisis that could adversely affect
the economies and financial markets of many countries, resulting in an economic downturn that could
further affect operations and the ability to finance its operations.
Schedule J
Combined Pro Forma Statement of Financial Position with Ciscom Corp. and 1883713 Ontario
Inc.
as at December 31, 2021
Schedule J
To view an enhanced version of Schedule J, please visit:
https://orders.newsfilecorp.com/files/4750/123165_cbltschedulej.jpg
Schedule K
Combined Pro Forma Statement of Profit & Loss with Ciscom Corp. and 1883713 Ontario Inc.
as at December 31, 2021
Schedule K
To view an enhanced version of Schedule K, please visit:
https://orders.newsfilecorp.com/files/4750/123165_cbltschedulek.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/123165