Voxtur Partners With University Bancorp in Strategic Partnership: Acquisition of 50.5% in Bluewater Stake for $30 Million USD
Voxtur Partners With University Bancorp in Strategic Partnership: Acquisition of 50.5% in Bluewater Stake for $30 Million USD
CEO of Voxtur, Gary Yeoman, added, "We are delighted to welcome University as a major strategic and collaborative partner. This joint venture not only strengthens our financial position but also opens new avenues for strategic investments and technological enhancements. We look forward to the exciting journey ahead and the mutual benefits this partnership will deliver."Transaction Reduces Debt and Strengthens Balance Sheet
交易減少債務並增強資產負債表。
TORONTO and TAMPA, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF), a technology company creating a more transparent and accessible real estate lending ecosystem, today announced the signing of a definitive agreement on Friday July 26, 2024, to establish a groundbreaking strategic joint venture with University Bancorp, Inc. (OTCQB: UNIB). Under the terms of the agreement, University Bancorp, Inc. ("University") will lead a group of strategic mortgage industry investors, acquiring a 50.5% stake in Blue Water Financial Technologies Holding Company, LLC, an indirect subsidiary of Voxtur ("Blue Water"), for an upfront cash payment of $30M USD, plus a $9.5M USD earnout subject to the platform hitting certain financial milestones (the "Transaction"). This joint venture is set to pave the way for Voxtur, Blue Water and University to realize transformative growth and business development.
多倫多和佛羅里達州坦帕，2024年7月30日(GLOBE NEWSWIRE)--Voxtur Analytics Corp. (tsxv:vxtr; otcqb:vxtrf)，這是一家科技公司，其創建了一個更透明、更容易進入的房地產貸款生態系統，今天宣佈與University Bancorp, Inc. (otcqb:unib)的簽訂一份明確協議，成立一項具有突破意義的戰略性合資企業，協議於2024年7月26日星期五簽訂。根據協議條款，University Bancorp, Inc. ("University")將領導一組戰略性抵押貸款產業投資者，收購Voxtur的間接子公司藍水財務技術控股有限公司(Blue Water)，持有50.5%的股份，前期現金支付超過3000萬美元，另加上達到一定財務里程碑的950萬美元的盈利，這筆交易對應的是這項合作。(the "Transaction"). 這項合資企業將爲Voxtur，Blue Water和University鋪平道路，實現變革性增長和業務發展。
Voxtur expects that the majority of the cash proceeds will be used to pay off its outstanding debt owed to Bank of Montreal. The cash infusion will be instrumental in positioning the Company for a stronger financial future and enhanced operational flexibility. This financial boost not only alleviates debt, but also fuels Voxtur's strategic initiatives, ensuring a solid foundation for its continued success and innovation.
Voxtur預計大部分現金將用於償還其欠Bank of Montreal的未償債務。這筆資金注入將有助於公司在未來擁有更加堅實的財務基礎和增強的運營靈活性。這種資金的提供不僅爲緩解債務，還爲Voxtur的戰略規劃注入了動力，爲其持續成功與創新奠定了堅實的基礎。
CEO of Voxtur, Gary Yeoman, added, "We are delighted to welcome University as a major strategic and collaborative partner. This joint venture not only strengthens our financial position but also opens new avenues for strategic investments and technological enhancements. We look forward to the exciting journey ahead and the mutual benefits this partnership will deliver."
Voxtur首席執行官Gary Yeoman補充道:"我們非常高興能夠歡迎University作爲主要戰略合作伙伴加入我們。這項合資企業不僅增強了我們的財務狀況，還爲戰略投資和技術改進開闢了新的途徑。我們期待着未來令人興奮的旅程和這一夥伴關係將帶來的雙重利益。"
"Our collaboration with Blue Water represents a pivotal moment for University," said Stephen Lange Ranzini, CEO of University. "The joint venture with Blue Water brings substantial synergies to our existing businesses and to Blue Water. In addition, we plan to leverage our ability to add technology to Blue Water's Mortgage Asset Marketplace Platform to enable enhanced value-added services for its mortgage industry clients."
"我們與藍水的合作對於University來說是一個重要的時刻," Stephen Lange Ranzini，University首席執行官說道。 "與藍水的合資企業爲我們現有的業務和藍水帶來了實質性的協同效應。此外，我們計劃利用我們能夠爲藍水的抵押貸款資產市場平台添加技術的能力，爲其抵押貸款產業客戶提供增強的增值服務。"
The collaboration between Voxtur and University represents a forward-thinking approach, combining financial strength with strategic vision, and will contribute to a brighter future for all stakeholders.
Voxtur和University之間的合作代表了一種前瞻性的方法，將財務實力與戰略願景相結合，爲所有利益相關者創造更美好的未來。
Led by University, this joint venture also will bring onboard strategic investors in the mortgage industry who are poised to leverage the Blue Water platform's robust capabilities. This partnership will create new opportunities for collaboration, drive technological advancements, and foster a dynamic environment for future growth. The Transaction is subject to various closing conditions, including but not limited to, financing by University and regulatory approval, and is expected to close before the end of the Company's third quarter.
由University領導，此次合資企業還將招募抵押貸款產業的戰略投資者，他們現在正處於利用藍水平台的強大能力的位置。這項合作將爲協作創造新的機會，推動技術進步，並促進未來增長的充滿活力的環境。該交易受到各種收盤條件的制約，包括但不限於University的融資和監管批准，並預計在公司第三季度結束前完成。
This transaction is subject to approval by the TSXV. No finders fees will be paid with respect to this Transaction.
該交易要經過TSXV的批准，不會支付任何與該交易相關的費用。
About Voxtur
關於Voxtur Voxtur是一家革命性的房地產科技公司，在動態的借貸環境中重新定義行業標準。該公司提供定向數據分析，以簡化對投資者，放貸人，政府機構和服務提供商的多方面的借貸生命週期，Voxtur的專有數據中心和工作流平台更準確地和更有效地評估資產，起草和服務貸款以及證券化組合。作爲一家獨立和透明的房貸技術供應商，該公司在美國和加拿大提供初次和二次市場解決方案。更多信息請訪問。
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 .
Voxtur是一傢俱有變革性的房地產科技公司，在動態的借貸環境中重新定義行業標準。該公司提供有針對性的數據分析，以簡化爲投資者、貸方、政府機構和服務商提供的稅務解決方案、財產估值和結算服務。Voxtur的專有數據中心和工作流平台可以更準確、更有效地爲資產定價，起草和服務貸款，證券化組合和評估稅收評估。該公司爲美國和加拿大的公共和私人財產貸款和財產稅部門提供服務。欲了解更多信息，請訪問
About Blue Water
關於藍水
Blue Water provides its mortgage industry customers with mortgage asset marketplace services across eight lines of business:
藍水爲其抵押貸款產業客戶提供抵押貸款資產市場服務，跨越八條戰線:
| Transfer Services | The Platform assists buyers and sellers of MSRs by preparing the Mortgage Loan file documentation paperwork required to settle an MSR transaction, for a fee per loan. |
| MSR-X transactions | The Platform assists buyers and sellers of MSRs to determine real-time prices and transact when the prices meet their criteria, and earns a fee when the deal closes. |
| Bulk Brokerage | The Platform assists buyers and sellers of Mortgage Loans and MSRs to negotiate transactions, and earns a fee when the deal closes. |
| Hedge Advisory Services | The Blue Water-owned Registered Investment Advisor ("RIA") provides hedging services for Mortgage Loans and MSR portfolios to its clients for a monthly fee. |
| Valuation Services | The Platform values portfolios of Mortgage Loans and MSRs for its clients on an ongoing basis for a recurring fee. |
| Ad Hoc Bid Advisory | The Platform analyzes portfolios of Mortgages Loans and MSRs that clients are considering buying and concludes what their current value is, for a one-time fee. |
| Mortgage Correspondent As A Service | Mortgage Correspondent As A Service Platform allows Third Party Origination, Pricing and Purchase of Mortgage Loans by the Correspondent Services Provider, and then Transfer of the Mortgage to the initial mortgage subservicer for recurring fees. |
| Pre-Close and Post-Close QC | Pre-Close and Post-Close QC automates the review of electronic loan files to identify issues related to underwriting and/or investor delivery including but not limited to missing documents, missing data, and problems requiring manual review. |
| 資產轉移服務 | 該平台通過準備結算MSR交易所需的抵押貸款文件文檔，爲MSR的買家和賣家提供幫助，每筆貸款收取一定的費用。 |
| MSR-X交易 | 該平台可以幫助買家和賣家實時確定MSR價格，並在價格符合其標準的情況下進行交易，當交易關閉時獲得收益。 |
| 大量經紀 | 該平台可以協助買家和賣家進行抵押貸款和MSR的談判，並在交易關閉時獲得收益。 |
| 對沖諮詢服務 | 藍色水權威代理人(“RIA”)爲其客戶提供抵押貸款和MSR投資組合的對沖服務，每月獲得一定的費用。 |
| 估值服務 | 平台根據定期費用爲客戶價值抵押貸款和MSR投資組合。 |
| 臨時買賣建議 | 該平台分析客戶正在考慮購買的抵押貸款和MSR投資組合，並以一次性費用結論其當前價值。 |
| 抵押貸款通訊員作爲一項服務 | 抵押貸款通訊員作爲服務平台允許第三方機構發起、定價和購買抵押貸款，然後以定期費用的形式將抵押貸款轉移給最初的抵押貸款子服務機構。 |
| 封閉前和封閉後的質量控制 | 封閉前和封閉後的質量控制自動審查電子貸款文件以識別與貸款審批或投資者交付有關的問題，包括但不限於缺失文件、缺失數據和需要手動審查的問題。 |
About University Bancorp
關於University Bancorp
Ann Arbor-based University Bancorp owns 100% of Crescent Assurance, PCC, a captive insurance company licensed in Washington DC, and 100% of University Bank. University Bank together with its Michigan-based subsidiaries, holds and manages a total of over $40 billion in financial assets for over 195,000 customers, and our 492 employees make us the 5th largest bank based in Michigan. University Bank is an FDIC-insured, locally owned and managed community bank, and meets the financial needs of its community through its creative and innovative services. Founded in 1890, University Bank is the 15th oldest bank headquartered in Michigan. We are proud to have been selected as the "Community Bankers of the Year" by American Banker magazine and as the recipient of the American Bankers Association's Community Bank Award. University Bank is a Member FDIC. The members of University Bank's corporate family, ranked by their size of revenues are:
總部位於安阿伯的大學銀行擁有Crescent Assurance，PCC，一家在華盛頓特區擁有許可證的自營保險公司，以及100%的大學銀行股權。大學銀行連同其總部位於密歇根州的子公司，爲超過195,000個客戶持有和管理總額超過400億美元的金融資產，而我們的492名員工使我們成爲密歇根州第五大銀行。大學銀行是一家FDIC保險的、本地擁有和管理的社區銀行，通過其創意和創新的服務滿足其社區的金融需求。大學銀行成立於1890年，是密歇根州總部最古老的銀行之一。我們很自豪地被雜誌選爲“年度社區銀行家”，並獲得美國銀行家協會社區銀行獎。大學銀行是一個成員FDIC的機構。大學銀行的企業家族成員，根據其收入規模排名如下: 美國銀行 -,
- UIF, a faith-based banking firm based in Southfield, MI;
- University Lending Group, a retail residential mortgage originator based in Clinton Township, MI;
- Midwest Loan Services, a residential mortgage subservicer based in Houghton, MI;
- Community Banking, based in Ann Arbor, MI, which provides traditional community banking services in the Ann Arbor area;
- Ann Arbor Insurance Centre, an independent insurance agency based in Ann Arbor;
- Reverse Mortgage Lending, a reverse residential mortgage lender based in Southfield, MI;
- Mortgage Warehouse Lending, a mortgage warehouse lender based in Southfield, MI; and,
- Hyrex Servicing, a mortgage asset management firm based in Southfield, MI;
- UIF，一家總部位於密歇根州Southfield的信仰型銀行公司；
- University Lending Group，一家總部位於Clinton Township的零售住宅抵押貸款發放機構；
- Midwest Loan Services，一家總部位於Houghton的抵押貸款子服務機構；
- 社區銀行，總部位於密歇根州的安阿伯，爲安阿伯地區提供傳統的社區銀行業務；
- Ann Arbor Insurance Centre，一家總部位於安阿伯的獨立保險公司；
- Reverse Mortgage Lending，一家總部位於密歇根州Southfield的反向住宅抵押貸款借貸機構；
- Mortgage Warehouse Lending，一家總部位於密歇根州Southfield的抵押貸款倉庫貸款公司；和
- Hyrex Servicing，一家總部位於密歇根州Southfield的抵押資產管理公司；
University Bancorp's common shares are traded in the US on the OTCQB under the symbol UNIB.
大學銀行的普通股在美國OTCQb以UNIb爲代碼交易。
Forward-Looking Information
前瞻性信息
This news release contains certain forward-looking statements and forward-looking information (collectively, "forward-looking information") which reflect the expectations of management regarding the Company's strategic initiatives, plans, business prospects, and opportunities. Forward-looking statements should not be read as guarantees of future events, performance or results, and give rise to the possibility that management's predictions, forecasts, projections, expectations, or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company's future growth, financial performance and objectives and the Company's strategic initiatives, plans, business prospects and opportunities, , will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking information may include but is not limited to: the effects of unexpected costs, liabilities or delays; success of software activities; the competition for skilled personnel; expectations for other economic, business, environmental, regulatory and/or competitive factors related to the Company, or the real estate industry generally; anticipated future production costs; and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: implementation of new products; changing global financial conditions; reliance on specific key employees and customers to maintain business operations; competition within the Company's industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company's dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein.
本消息稿包含某些前瞻性陳述和前瞻性信息（統稱爲“前瞻性信息”），反映了管理層關於公司戰略舉措、計劃、業務前景和機遇的期望。前瞻性陳述不應被視爲未來事件、績效或結果的保證，並存在這樣的可能性：管理層的預測、預計、預測、期望或結論可能證明不準確，假設可能不正確，公司的未來增長、財務業績和目標以及公司的戰略舉措、計劃、業務前景和機遇可能不會發生或實現。這裏所含信息如果不基於歷史事實，則可能被視爲符合加拿大和美國證券法的前瞻性信息。前瞻性信息可能基於本新聞稿發佈時的期望、估計和投影，並可能被識別爲“可能”、“會”、“可能會”、“應該”、“將”、“打算”、“計劃”、“期望”或類似表達。前瞻性信息可能包括但不限於：意外成本、負債或延遲的影響；軟件活動的成功；尋找熟練人員的競爭；與公司或房地產行業相關的其他經濟、商業、環境、監管和/或競爭因素的預期；預計未來生產成本；以及將來可能出現的其他事件或情況。投資者應意識到，前瞻性信息不是基於歷史事實而是基於管理層在提供信息時認爲合理的意見、假設和估計，因此存在風險和不確定性。由於未知或不可預測的因素可能對公司未來的結果、業績或業績產生重大不利影響，因此讀者不應過度依賴此類前瞻性信息。可能導致實際結果與前瞻性信息中預測的結果不同的關鍵因素包括但不限於：新產品的實施；全球金融狀況的變化；依賴特定的關鍵員工和客戶以維護業務運營；公司行業內的競爭；技術失誤的風險，未能按照預期時間表實施技術升級，或未能按照預期時間表推出新技術產品；市場情況的變化；管理機構和監管機構未批准公司開發的產品和服務的使用的風險；公司依賴於維護知識產權並保護新開發的知識產權；經營虧損和負現金流；以及貨幣波動。因此，讀者不應過分依賴此處所載的前瞻性信息。
This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company 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.
本前瞻性信息是根據本新聞稿發佈日提供的，並因此可能發生改變。除按適用法律規定執行外，本公司不承擔任何更新或修訂此信息以反映新事件或情況的義務。
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
TSXV及其監管服務提供商（定義見TSXV政策）都不對本新聞發佈的適當性或準確性承擔責任。
Voxtur's common shares are traded on the TSXV under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.
Voxtur的普通股在TSXV上以VXTR爲標的，在OTCQb上以VXTRF爲標的進行交易。
Voxtur Contact:
Jordan Ross
Chief Operating Officer
Tel: (416) 708-9764
Email: jordan@voxtur.com
Voxtur聯繫方式：
Jordan Ross
首席運營官
電話：（416）708-9764
電子郵件：jordan@voxtur.com
For media inquiries:
Jacob Gaffney
Tel: (817) 471-7627
Email: jacob@gaffneyaustin.com
媒體查詢：
Jacob Gaffney
電話: (817) 471-7627
電子郵件：jacob@gaffneyaustin.com
University Bancorp Contact:
Stephen Lange Ranzini
President and CEO
Tel: (734) 741-5858, Ext. 9226
Email: ranzini@university-bank.com
University Bancorp聯繫方式：
Stephen Lange Ranzini
總裁和首席執行官
電話：（734）741-5858，分機9226
電子郵件：ranzini@university-bank.com
譯文內容由第三人軟體翻譯。