Author: David Jennings

GlobeNewswire — Toronto, Ontario and Tampa, Florida — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce the appointment of Nicholas Smith, of Rice Park Capital Management LP, to the Company’s board of directors, effective immediately. Mr. Smith’s appointment follows the resignation of Mark Volosov from his role as a director of the Company, effective December 13, 2022.

“Nick brings nearly 25 years of experience and expertise within the mortgage finance industry to Voxtur and we are thrilled to have him join the Board,” said Gary Yeoman, Voxtur’s Executive Chairman. “He has a successful track record of achievements, and we are confident that he will make valuable contributions to the growth and success of the Company.”

Mr. Smith is the founder and Chief Executive Officer of Rice Park Capital, a private investment firm which invests broadly in the residential and commercial real estate finance, equity, and services sectors. Before founding Rice Park Capital in 2019, from 2015 to 2018 Mr. Smith served in a variety of executive roles on behalf of the Blackstone Group (NYSE: BX), including Chief Investment Officer of Blackstone’s private residential mortgage REIT, co-founder and Chief Investment Officer of Finance of America Companies (NYSE: FOA), a Blackstone portfolio company, and President of Incenter, a wholly-owned subsidiary of FOA.  In these roles Mr. Smith oversaw a broad-based and coordinated platform of direct mortgage asset investing and portfolio management, mortgage and specialty finance lending, and tech-enabled mortgage and specialty finance services. Prior to Blackstone, Mr. Smith served as Managing Director, Two Harbors Investment Corp (NYSE: TWO) from 2012 to 2015, where he built and led the investment platform for mortgage servicing rights and residential whole loans. From 2004 to 2012, Mr. Smith served in a variety of roles for Green Tree Investment Management (“GTIM”), including Chief Investment Officer where he was responsible for the residential mortgage investment platform of Green Tree Holdings, GTIM’s parent company, and its affiliate, Green Tree Servicing, and approximately $1.5 billion in private funds managed by GTIM. Mr. Smith worked at GMAC ResCap (formerly GMAC-RFC) from 1998 to 2004 where he held roles on the mortgage trading desk and in corporate development. Mr. Smith has served on a variety of boards for private companies and charitable organizations throughout his career. He currently sits on the boards of Asset Based Lending and Brass Ring Capital.

“Voxtur is an innovative company with a platform that delivers products that have the potential to improve home ownership access and reduce borrowing costs by digitizing the home buying and mortgage experience from beginning to end,” said Nicholas Smith, Managing Partner of Rice Park Capital Management. “I am excited to join the board, and alongside my fellow board members, help support the Company as it pursues its ambitious growth objectives.”

GlobeNewswire — Toronto, Ontario and Tampa, Florida — December 22, 2022 — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today announced an exclusive strategic partnership with a top mortgage servicing aggregator representing multiple originators (the “Aggregator”) through its wholly owned capital markets division, Blue Water Financial Technologies (“Blue Water”).

In an exclusive arrangement, Blue Water will provide tools to the Aggregator to facilitate mortgage asset pricing, commitment, transfer, underwriting, and due diligence, as well as rep and warrant protection to enhance the trading experience and performance. In addition, Blue Water will provide its flagship products, including Blue Rate, a seasoned mortgage asset trading engine incorporating patent pending loan level pricing technology, MSR-X, a pricing engine that provides a seamless liquidity experience for mortgage originators, and Super Transfer, a tool that digitizes and optimizes due diligence and asset transfer. Blue Water’s technologies are aimed at providing a more streamlined, enhanced experience for buyers and sellers of mortgage servicing rights (“MSRs”). The Aggregator will benefit from Blue Water’s streamlined approach to transacting MSRs between originators and downstream investors.

“Through this partnership, we will deliver an extensive transaction experience for a major servicing aggregator and its customers for pricing, committing, transferring and due diligence of mortgage assets,” said Alan Qureshi, President of Blue Water. “This will create and secure steady revenue streams for all parties within the ecosystem and create an entry point for investors to participate in these unique market conditions.”

CFO Angela Little discusses Voxtur’s financial results for the period ended September 30, 2022, followed by Executive Chairman Gary Yeoman providing updates on how we are progressing towards our objectives.

Listen to Recording:

GlobeNewswire — Voxtur Analytics Corp. today announced its financial results for the three and nine months ended September 30, 2022. The Company’s Unaudited Condensed Interim Consolidated Financial Statements for Q3 2022 and the related Management’s Discussion and Analysis (“MD&A”) are available at sedar.com and on the Company’s website.

Q3 2022 Highlights:

• Q3 2022 Revenue increased 44% over Q3 2021 Revenue
• YTD 2022 Revenue increased 100% over YTD 2021 Revenue
• Q3 2022 Gross Profit increased 42% over Q3 2021
• YTD 2022 Gross Profit increased 60% over YTD 2021

Voxtur’s innovative data-driven technologies continue to drive efficiencies in mortgage finance and real estate processes. Faced with unprecedented macroeconomic conditions and historically high rates, the Company has prioritized organic revenue growth opportunities and expense realignment efforts in order to adapt to market expectations and client demands.

Voxtur continues to pursue strategic, organic growth initiatives, including Voxtur AOL, the Company’s full-coverage alternative to title insurance that was recently approved for use by the Veterans Administration, and Voxtur Direct, the direct-to-appraiser valuation platform being used by a leading mortgage originator in the U.S. In addition, the Company continues to grow its market share by adding new clients and increasing volumes with existing clients in both the valuation and title and settlement business lines.

“I am extremely proud of our team and what we have been able to accomplish in the face of current market conditions, specifically our ability to consistently out-perform our competitors,” said Voxtur CEO Jim Albertelli. “Although we are relatively flat from a financial growth perspective, I consider it a success that we have been able to grow our market share with existing clients while adding new clients on to our platforms. We are laser focused on performance and profitability over potential and growth, as this is what the market is demanding of us.”

Voxtur strives to be the largest and most trusted provider of data and technology solutions in real estate, ultimately making homeownership more affordable.

Financial Results for Q3 2022

• Q3 2022 Revenue increased 44% over Q3 2021 Revenue
• YTD 2022 Revenue increased 100% over YTD 2021 Revenue
• Q3 2022 Gross Profit increased 42% over Q3 2021
• YTD 2022 Gross Profit increased 60% over YTD 2021

Discussion with respect to the above-noted results can be found in the Company’s MD&A.

1 Adjusted EBITDA is an unaudited non-GAAP measure and does not have any standardized meaning prescribed under IFRS and, therefore, may not be comparable to similar measures employed by other reporting issuers. Management believes Adjusted EBITDA provides meaningful information with respect to the financial performance and value of the Company, as items that may obscure the underlying trends in the business performance are excluded. Adjusted EBITDA is defined and calculated by the Company as earnings (loss) before interest, taxes, depreciation/amortization of property and equipment, intangible assets and right-of-use assets, share-based compensation expense, foreign exchange gains (losses) recorded through profit and loss, and other costs or income that are: (i) non-operating; (ii) non-recurring; and/or (iii) are related to strategic initiatives. The Company classifies income or costs as non-recurring if income or costs similar in nature are not reasonably expected to occur within the next two years nor have occurring the prior two years, and such costs are significant.

Earnings Call

The Company will host a conference call at 9:00 a.m. Eastern Time on November 30, 2022, to discuss details of the Company’s performance in the third quarter followed by a question-and-answer period with analysts.

The conference call can be accessed live by dialing (866) 374-5140 five minutes prior to the scheduled start time. The conference pin is 60648294#.

A digital recording will be available for replay by entering the passcode EV00138005 through 11:59 p.m. Eastern Time on February 28, 2023. Alternatively, the call recording can also be accessed on Voxtur’s website.

GlobeNewswire — Voxtur announced today that it will release financial results for the third quarter ended September 30, 2022, after the market closes on Tuesday, November 29, 2022. At that time, the financial results and related documents will be posted on SEDAR and at www.voxtur.com.

The Company will host a conference call on Wednesday, November 30, 2022, at 9:00 a.m. Eastern Time, to discuss financial results and highlights.

Conference Call Details:

The conference call can be accessed live by dialing (866) 374-5140 and entering passcode 60648294#. Please dial in five minutes prior to the scheduled start time.

A digital recording of the call will be available for replay through 11:59 p.m. Eastern Time on February 28, 2023, by entering passcode EV00138005. Alternatively, the call recording can also be accessed on Voxtur’s website.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

GlobeNewswire — Voxtur Analytics Corp. is pleased to announce that further to the news release issued on September 22, 2022, the Company has closed its preferred share offering, issuing a total of 4,081,632 Series 2 Preference Shares (the “Preferred Shares”) at a price of CAD$0.98 per Preferred Share (the “Issue Price”) for aggregate gross proceeds of CAD$4 million (the “Private Placement”) with BMO Capital Partners (“BMOCP”).

Each Preferred Share will, subject to customary anti-dilution adjustments, be convertible into one common share of the Company (“Common Share”), at the option of BMOCP. BMOCP may, at any time within the first five years of issuance, give notice of its election to convert all of its outstanding Preferred Shares into Common Shares, subject to certain conditions. On the third anniversary of the date of issuance of the Preferred Shares, any outstanding Preferred Shares will automatically convert into Common Shares if the volume weighted average price of the Common Shares on such date, calculated based on the 20 trading days prior to such date, is at a premium of 10% or more than the conversion price of CAD$0.98. After the third anniversary of the date of issuance, the Company may at any time elect to redeem all of the outstanding Preferred Shares for a redemption price equal to the Issue Price plus accrued and unpaid dividends.

Each Preferred Share (i) entitles the holder to one vote at any meeting of shareholders and such shares shall be voted with the Common Shares, and (ii) provides for fixed and cumulative dividends if, as and when declared by the Board of Directors of the Company (“Board”), in an amount equal to twelve percent (12%) per annum on the aggregate Issue Price of such Preferred Shares plus all unpaid accrued and accumulated dividends thereon. All accrued and unpaid dividends on any Preferred Shares shall accumulate and compound quarterly until paid, whether or not declared by the Board. In addition, the holders of Preferred Shares are entitled to participate equally with the holders of Common Shares on any dividends declared on the Common Shares.

Notwithstanding the above terms and conditions related to the Preferred Shares, the Preferred Shares shall in no event convert after the fifth anniversary of the date of issuance and all voting rights related to any outstanding Preferred Shares will cease at that time.

The Company intends to use the net proceeds of the Private Placement to fund general corporate and administrative expenses. The Preferred Shares issued pursuant to the Private Placement and the Common Shares issuable due to the conversion of the Preferred Shares will be subject to a hold period expiring four months and one day from the date of issue of the Preferred Shares. The Private Placement is subject to final approval from the TSXV.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States or to U.S. persons unless registered under the U.S. Securities Act and any applicable state securities laws or an exemption from such registration is available.