iLOOKABOUT becomes Voxtur Analytics Corp and Closes Acquisition of Voxtur Technologies, Brightline Title and Certain Assets of James E. Albertelli, P.A.

February 3, 2021


GlobeNewswire — iLOOKABOUT Corp. (TSXV:ILA; OTCQB:ILATF) (“ILA” or “the Company”) further to its news release issued on January 15th, 2021 and January 22nd, 2021, the Company is pleased to announce it has executed the definitive agreements and closed the acquisition of 100% of the issued and outstanding stock of; (i) Voxtur Technologies, Inc. (“Voxtur Technologies”); (ii) 100% of the membership interests of Bright Line Title, LLC (“Brightline Title”), and (iii) certain technology and non-legal assets of James E. Albertelli, P.A. and certain of its affiliates (collectively, “JEA”) (the “Acquisition”).

In addition to closing the Acquisition, the Company has received all requisite approvals and has changed its name from “iLOOKABOUT Corp.” to “Voxtur Analytics Corp.” The Company is expected to begin trading under “Voxtur Analytics Corp.” on the TSX Venture Exchange at the opening of markets on February 5th, 2021 under the new ticker symbol “VXTR”. No action will be required by existing shareholders with respect to the name change. Issued share certificates representing common shares of the Company will not be affected by the change of name and will not need to be exchanged. Complete marketing materials and rebranding efforts will continue to transition over the next few months.

ʺWith this acquisition, the Company will be in a position to deliver a valuable suite of products and services to the real estate sector offering a breadth of insight, understanding and analytics distinctive in today’s marketplace. By combining both sets of assets, we are now able to touch many functions in the real estate value chain and, as a result, we are able to move the vision forward for a more efficient real estate transaction, increasing value for all,” said Gary Yeoman, Chair and Chief Executive Officer of the Company. “In addition to the near‐term revenue benefits anticipated with the addition of Voxtur’s and Brightline’s significant client base, this transaction is aligned with our previous investments in technology and the accumulation of proprietary industry data creating a resilient and dynamic growth platform.”

The combination of assets allows the Company to integrate its proprietary data, analytics, and technologically enhanced services to reduce the costs caused by imperfect information.

“Bringing both groups together allows us to differentiate ourselves by being able to offer a unique set of complementary services in real estate valuation, property tax, title insurance and default services. As we harness the data within each of our offerings and incorporate our machine learning and artificial intelligence expertise into these products, we are able to provide differentiated value to consumers and lenders alike,” said Jim Albertelli, founder of JEA and now President of the Company. “We are excited to join forces with Gary and build upon his successful track record. Both management teams have already come together and are fully aligned with the Company’s emphasis on growth and value creation with the long-term vision of creating a fully digitized view of a real estate asset.”

In conjunction with the Acquisition, ILA is delighted to expand its existing credit facilities with Bank of Montreal’s (“BMO”) Technology & Innovation Banking Group for an additional approximate amount of $23.5 million (the “Term Loan”), as previously announced in a news release issued by the Company January 15, 2021. The Term Loan contains customary financial and restrictive covenants, and are secured by assets of ILA and its subsidiaries, which primarily consists of intellectual property and accounts receivable. The proceeds of the Term Loan will be used for costs associated with the Acquisition, other strategic initiatives and general corporate and working capital purposes.

“We are appreciative of BMO’s ongoing support, which has allowed us to execute on this transformation and strategic acquisition. Besides growing our marketshare, the acquisition will also allow us to add new products and offerings to our platform in the future,” continued Mr. Yeoman.

About Voxtur

Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada. For more information, visit www.voxtur.com.

About Anow

Anow is an appraisal management software that simplifies the way real estate appraisers manage their businesses. Launched in 2011 by multi-generational appraisal professional Marty Haldane, Anow streamlines a wide range of everyday appraisal processes while offering unmatched business insights to help appraisers compete in today’s digital environment. Powerful order tracking, job assignment, collaboration, scheduling tools, and mobile apps allow appraisers and administrative staff to save time, assign appraisals more easily and deliver exceptional service to clients and mortgage lenders from any web-enabled device. Advanced reporting enables business owners to manage fee competition and turn times with ease.

Forward-Looking Information

Forward Looking Information: This news release contains forward-looking statements that involve known and unknown risks, uncertainties and assumptions that may not be realized. These statements relate to future events or future performance and reflect management’s current expectations and assumptions which are based on information currently available to management. There is significant risk that forward-looking statements will not prove to be accurate. A number of factors could cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements discussed in the forward-looking statements. The inclusion of forward-looking statements and information should not be regarded as a representation of Voxtur or any other person that the anticipated results will be achieved, and investors are cautioned not to place undue reliance on such information.

These forward-looking statements are made as of the date of this news release and, accordingly, are subject to change after such date. Voxtur does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.

Voxtur’s common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.

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