CALGARY, Alta., July 05. 2022 (GLOBE NEWSWIRE) — ApartmentLove Inc. (CSE: APLV) (“ApartmentLove“or the”Company”), a leading provider of online home and apartment marketing services to landlords and tenants in over 30 countries across 5 continents of the world, is pleased to announce that it has signed an agreement final purchase and sale to acquire all assets (including customer lists and domain names) of an established short-term vacation rental company with active operations in the United States, Canada, Mexico and the Caribbean (the “Acquisition”) for an aggregate cash purchase price of $375,000.
Having agreed to all commercial terms and now subject only to closing conditions customary for transactions of this nature, the parties expect the acquisition to close no later than July 15, 2022. The successful completion of the acquisition underscores ApartmentLove’s well-publicized plans to consolidate the online rental market and represents the company’s entry into the short-term vacation rental space – among the fastest growing segments in the vast Internet ad industry.
About ApartmentLove Inc.
ApartmentLove Inc. (CSE: APLV) is a leading provider of rental marketing services to landlords and tenants on the Internet. ApartmentLove has active rental listings in over 30 countries on all 5 continents of the world. Having proven its ability to scale as a fast-growing “PropTech” company, ApartmentLove continues to grow through an acquisition program buying competing companies that have large monthly active users, a track record of recurring revenue, cash positives and personalized technologies that accelerate and de-stress the rental experience worldwide.
For more information, visit https://apartmentlove.com/investors or contact:
President and CEO
Notice to readers
Certain statements in this press release are forward-looking statements, which reflect management’s expectations regarding the Company’s completion of the Acquisition and its timing, near-term vacation rental space growth and profitability. acquisition-related transactions. . Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including, but not limited to: receipt of required approvals regarding the acquisition, if any; the fulfillment of such other conditions for the completion of the Acquisition; and the Company finalizing the Acquisition. Forward-looking statements are often characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Readers are cautioned that the assumptions used in the preparation of this information, while believed to be reasonable at the time of preparation, may prove to be imprecise and, accordingly, undue reliance should not be placed on any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks relating to factors beyond the Company’s control. The new strain of coronavirus, COVID-19, also poses new risks that are currently indescribable and immeasurable. There can be no assurance that any of the events anticipated by the forward-looking statements will occur or, if they occur, what benefits the Company will derive therefrom. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
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