|By Marketwired .||
|May 22, 2014 06:10 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/22/14 -- BENEV Capital Inc. (TSX VENTURE: BEV.H) (the "Corporation" or "BCI") announced that its corporate strategy is to purchase, primarily, top-line royalty streams from a number of growing Canadian multi-location businesses and franchisors. The structure of the royalty acquisitions is expected to be similar to other publicly traded successful top-line multi-location business royalties. The BCI Board, looking at the track record of these businesses and as well other multi-royalty businesses, has concluded that a multi-royalty structure would be a good value enhancing strategy for BCI. If BCI successfully completes a royalty transaction, it would be BCI's intention to thereafter pay out substantially all of its distributable cash to shareholders, as is the case with similar publicly traded issuers.
BCI believes there are numerous growing Canadian multi-location businesses and franchisors that would be interested in this type of transaction and that it would be able to acquire those royalties on an accretive basis.
Certain statements contained in this press release and in certain documents incorporated herein by reference may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", "confident", "plan" and "intends" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of BENEV Capital Inc. to differ materially from those anticipated or implied in such forward-looking statements. BENEV Capital Inc. believes that the expectations reflected in these forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct. In particular, there can be no assurance that the Corporation will enter into one or more royalty transactions or, if entered into, that any of them will be completed or successful, or that the strategy will be successful. Given these uncertainties, readers are cautioned that forward-looking statements included in this press release are not guarantees of future performance, and such forward-looking statements should not be unduly relied upon. These statements speak only as of the date of this press release. BENEV Capital Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
All of the forward-looking statements made in this Press Release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, BENEV Capital Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Sean Morrison, President
BENEV Capital Inc.
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