ApartmentLove Inc.
CALGARY, Alberta, Oct. 31, 2022 (GLOBE NEWSWIRE) — ApartmentLove Inc. (CSE: APLV) (“Apartment Love” or the “company”), a leading provider of online marketing services for homes, apartments and vacation rentals for owners, renters and vacationers worldwide is pleased to announce that it has entered into a Listing Data License Agreement (the “agreement”) with an established listing aggregator with an inventory of long-term rental listings across Canada and a particular focus on the Greater Toronto Area (“GTA“). The listing partner maintains an active inventory of rental listings on behalf of apartment building owners and operators and other large property management companies nationwide. ApartmentLove has integrated with the listing partner’s data transfer channel, providing another direct connection between ApartmentLove.com and trusted providers.
Pursuant to the Agreement, ApartmentLove will earn commissions for promoting the Listing Partner’s properties on ApartmentLove.com. “Canadian rental markets are very active and in addition to our well-publicized goal of consolidating the deeply fragmented space; Signing contracts like this further strengthens our competitive positions and determination to dominate this space,” exclaimed Trevor Davidson, President and CEO of ApartmentLove. Mr. Davidson added, “We expect revenues to begin after ‘a short introductory or trial period’. A fully automated, hands-free company, according to management, based on its current long-term revenue metrics, including historical revenue per customer, cost of goods sold, capital expenditures in search engine optimization (“seo”) and website traffic to ApartmentLove.com over the past 24 months, that the Company will earn more than 80 cents on the dollar from this venture and that this Agreement should add approximately $150,000 in EBITDA by 2023.
“ApartmentLove.com is tracking highly coveted positions on page 1 of Google search results in many markets across Canada,” says Ken Lang, Chief Technology Officer of ApartmentLove. Mr. Lang added, “Our significant SEO investments to better align ApartmentLove.com with Google’s algorithm have focused on major US rental markets. Expanding our focus to include the GTA is a logical technical maneuver and it makes good business sense.” Having consolidated the company’s position at the forefront of the long-term rental market, Management has shared a desire to own and control all aspects of the online rental experience and crystallize its presence in the GTA is key to achieving this goal.
About ApartmentLove Inc.
ApartmentLove Inc. (CSE: APLV) is a leading provider of online rental marketing services for owners, renters and vacationers in more than 30 countries worldwide. Having demonstrated its ability to scale as a fast-growing “PropTech” in today’s complex and dynamic market environments, ApartmentLove is fueling its growth through an acquisition program: buying complementary companies that have many active users monthly payments, a track record of recurring revenue, positive cash flows, and customized technologies that accelerate and de-stress the rental experience, while advancing their own organic growth strategies in key markets around the world. ApartmentLove Inc. is a publicly traded company with its common stock listed on the Canadian Stock Exchange (CSE: APLV).
For more information visit or contact:
Trevor Davidson
President and CEO
ApartmentLove Inc.
tdavidson@apartmentlove.com
(647) 272-9702
Advice to the reader
Certain information set forth in this press release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, some of which are beyond the company’s control. Forward-looking statements are often characterized by words such as “plan”, “continue”, “expect”, “project”, “attempt”, “believe”, “anticipate”, “estimate”, “could”, “will”. , “potential,” “proposed,” and other similar words, or statements that certain events or conditions “may” or “will occur.” These statements are predictions only. Readers are cautioned that the assumptions used in the preparation of this information, although believed to be reasonable at the time of preparation, may turn out to be inaccurate and, as such, undue reliance should not be placed on any forward-looking statements type Forward-looking statements include, but are not limited to, the expected benefits of the Agreement and the Company’s ability to achieve the benefits of the Agreement; expected revenue per user; the estimated cost of goods sold; planned capital investment in SEO; expected website traffic to ApartmentLove.com; the Company’s SEO resulting in first page search results on popular search engines in the geographic locations in which the Company operates; management’s projected earnings generated by the Agreement through 2023; the company realizing the benefits of its organic growth mandate; the company’s ability to become cash flow positive; and the Company’s ability to successfully integrate and realize the benefits of the Agreement. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Risk factors can be found in the company’s continuous disclosure documents filed on SEDAR and accessible at www.sedar.com.
This press release contains “forward-looking financial information” and “financial outlook information (collectively, “FOFI“) on the Company’s expected deal-generated EBITDA for 2023. Company management provides FOFI to demonstrate the Company’s anticipated potential earnings and related margins of such earnings, under the agreement, and the reader is cautioned. that this information may not be suitable for any other purpose and the reader should not place undue reliance on FOFI. FOFI, as with forward-looking information generally, is based on , without limitation, in the assumptions and subject to the risks set forth above under the heading “Advisory to the Reader.” The Company’s actual results of operations and resulting financial results will likely differ from the amounts set forth in this press release and this variation may be material. The Company and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management’s best estimates and judgments as of the date hereof; however, because this and information is subject. and subject to numerous risks, should not be relied upon as necessarily indicative of future results. The forward-looking information and FOFI contained in this press release speak only as of the date of the document, and neither the Company nor its subsidiaries undertake any obligation to publicly update or revise them to reflect new events or circumstances, except in the event that it is possible. required in accordance with applicable legislation. Actual results could also differ materially from those anticipated in these forward-looking statements and FOFI due to the risk factors set forth under the heading “Risks” in the Company’s Management’s Discussion and Analysis for the three and six months ended on June 30, 2022, dated August 11, 2022.
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –
ApartmentLove® | the feeling of home
[ad_2]
Source link
