IZON ENGAGES GRAVITAS SECURITIES FOR PRIVATE ROUND OFFERING
SCOTTSDALE, AZ – July 9th, 2019 – IZON Network, Inc. (OTC: IZNN), also known as IZON Digital Media Network (the “Company”), has announced that they have reached a formal agreement with Gravitas Securities Inc., a boutique Canadian investment bank, to lead a minimum $5M USD private funding round. This financing will be used to fund the Company’s robust growth and provide valuable acquisition & expansion capital. In addition to the private funding round Gravitas will participate as a co-lead and bookrunner in a banking syndicate being formed for a proposed Initial Public Offering (“IPO”) on the TSX stock exchange in Canada.
This press release is not a solicitation or offer to buy or sell securities. Investments may be speculative, illiquid and carry a risk of loss. Past performance is not indicative of future results. There is no guarantee that any specific outcome will be achieved. Some statements are considered forward looking and may not occur. The securities which will be offered by Gravitas have not been and will not be registered under the Securities Act and may not be offered or sold in the United States (or to a U.S. person).
IZON is a proprietary media & entertainment platform for premium & niche marketplaces which targets premium captive digital out-of-home audiences. IZON focuses its efforts on existing verticals where an expanding premium user base already exists and can be engaged utilizing its digital media network including golf and premium transportation.
Robert Carbonaro, CEO & Head of Investment Banking, of Gravitas Securities said “We are pleased to have been selected to lead IZON’s private round capital raise as well be a co-lead to IZON’s planned IPO in Canada. As a small cap US issuer, IZON’s Board and Management team understands the value the Canadian market can provide their company.”
The proceeds from the private round will be used to aggressively expand the installed screen network on the Company’s rapidly growing roster of golf courses, drive growth in additional verticals including transportation, acquisitions and provide general working capital. The current backlog pipeline for the screens is over 500 courses worth.
“The overwhelming receptivity to our IZON Golf product, extremely opportunistic acquisitions and the development of additional verticals for us to focus on is creating a lot of demand. In order to meet the demand, we knew we would need additional growth capital prior to a Canadian go public,” said Tim Ummel, CEO of IZON. “After being introduced to the entire Gravitas team, learning of their track record, direct connection to Asia where digital out-of-home (DOOH) is very prevalent and feeling the energy they had for IZON we knew Gravitas was the perfect bank to lead this private round.”
The proposed IPO will be offered in the province of British Columbia, Alberta, and Ontario and in other jurisdictions where the Offering can lawfully be made. It is anticipated that the IPO listing will be on the Toronto Stock Exchange (TSX). Pricing of the IPO will be determined in the context of the market. Gravitas as the co-lead investment bank may, at their discretion, invite other registered investment dealers to participate as syndicate members in the Offering.
Jiaqi (Jackie) Nie, Chief Operating Officer Global, President Greater China, of Gravitas Ilium Corporation said “We absolutely understand IZON’s business model, it’s value as a private digital media network and what the growth potential really is as they continue to grow. With our relationships across Canada, the USA and Asia makes us very qualified to lead this private round and immediately thereafter look to put the syndicate together for the go public.”
