TORONTO, July 20, 2020 – Flow Capital Corp. (TSXV: FW) (“Flow Capital,” “Flow,” or the “Company”) announces that eSCRIBE Software Ltd. (“eSCRIBE”) has completed a buyout of Flow Capital’s royalty investment for $500,000. Including the monthly royalty payments received by Flow, this represents a cash-on-cash return of approximately 2.69 times the money invested over 43 months.
“Our investment in eSCRIBE is a great example of the Flow Capital model of financing non-dilutive growth capital. We are glad to have aided the company’s 3X growth in revenues since we invested,” commented Alex Baluta, Chief Executive Officer of Flow Capital.
“Flow Capital’s investment provided us flexible capital that enabled us to scale our business without early equity dilution, enabling early equity shareholders to retain a greater share of the long term value in the business,” commented Rob Treumann, Chief Executive Officer of eSCRIBE.
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. To apply for financing, visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C 2V9
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.
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
