VANCOUVER, BCMay 24, 2018 TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA) today announced that one of its revenue finance investments, QuickMobile Inc. (“QuickMobile”), has successfully completed its previously announced acquisition by Cvent, Inc. As a result, QuickMobile has executed the early exit provisions of its revenue finance contract with TIMIA.

TIMIA, which had invested $2,000,000 in Vancouver, British Columbia-based QuickMobile, received an exit payment of $3,039,000, in addition to cumulative monthly payments received to the end of April 30, 2018 of $961,000, for a total of $4,000,000 received over the 2.5 year life of the facility.  As a result of this payout, TIMIA will record a realized gain of approximately $1,000,000 during fiscal Q2, 2018.

“QuickMobile has been an early and key investment for TIMIA over the past 2.5 years and this transaction will help drive our bottom line results,” said Mike Walkinshaw, CEO of TIMIA. “TIMIA has been able to provide the right capital at the right time for successful SaaS companies, like QuickMobile, and help them grow while retaining their ownership stake. Congratulations to the QuickMobile team and Cvent for the successful completion of this transaction.”

For the 2018 fiscal year to date, this brings total gains on facility buyouts from three portfolio buyout transactions to approximately $1,300,000 or approximately $0.04 per issued and outstanding common share.

TIMIA’s investment strategy is to earn significant returns for its shareholders via a combination of steady monthly payments and intermittent capital gains. These capital gains occur as investee companies are sold or otherwise exit the financing facilities prior to the end of the term. As TIMIA’s sole focus is software technology companies, which are subject to a high rate of mergers and acquisition activity, the management of TIMIA expects further exits to occur in the portfolio over the term of the underlying revenue finance facilities.

About TIMIA Capital Corporation

TIMIA Capital Corporation is a specialty finance company that provides revenue financing to technology companies in exchange for a stream of payments based on revenue. The alternative financing option complements both debt and equity financing, while allowing entrepreneurs to retain control of their business. TIMIA’s target market is the fast-growing business-to-business software-as-a-service (SaaS) segment. TIMIA is managed by a seasoned investment team with a track record of originating and managing debt and equity investments, as well as monitoring and compliance.

For more information about TIMIA Capital Corporation, please visit

For more information, please contact:
Darren Seed
Vice President, Capital Markets & Communications
Mike Walkinshaw, CEO
TIMIA Capital Corporation
(604) 398-8839

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 news release.

Forward-Looking Information

Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements normally contain words like ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’ and similar expressions, and within this news release include any statements (express or implied) respecting expectations regarding future exits in the portfolio over the term of the underlying revenue finance facilities. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the following assumptions: that the Company and its investee companies are able to meet their respective future objectives and priorities, assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company. Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Timia’s business. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to, the Company having insufficient financial resources to achieve its objectives; availability of further investments that are appropriate for the Company on terms that it finds acceptable or at all; successful completion of exits from investments on terms that constitute a gain when no such exits are currently anticipated; intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Timia has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Timia. Accordingly, readers should not place undue reliance on forward-looking statements. Timia undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.