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QUESTCAP APPOINTS NEW CEO, OUTLINES NEW INVESTMENT STRATEGY AND PROVIDES CORPORATE UPDATE – GlobeNewswire

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TORONTO, March 30, 2020 (GLOBE NEWSWIRE) —

QuestCap Inc. (“QuestCap” or the “Company”) (CSE: QSC; OTCMKTS: COPRF; FRA: 34C1) is pleased to announce its new investment strategy for the Company and the appointment of a new CEO to drive the strategy forward. The Company has outlined three new strategic directions for its investment strategy: MedQuest, ClimateQuest, and TechQuest. These divisions will focus on investments in public health, mitigating climate change and innovative technologies, respectively. Together they aim to improve the world and humankind through highly targeted social-impact investing.

QuestCap Appoints Neil Said as Chief Executive Officer

Neil Said is a businessman and corporate securities lawyer who has worked as an officer and legal consultant to numerous Canadian listed companies in the technology, cannabis, mining, oil & gas and healthcare industries. Mr. Said began his career as a securities lawyer at Osler, Hoskin & Harcourt LLP, where he worked on a variety of corporate and commercial transactions. Neil is also currently the head of legal for the Forbes & Manhattan group of companies. Mr. Said obtained a Juris Doctor from the Faculty of Law at the University of Toronto and he received a Bachelor of Business Administration (Honours) with a minor in Economics from Wilfrid Laurier University.

The appointment of Mr. Said follows the resignation of Mr. Stan Bharti as Chief Executive Officer of QuestCap. Mr. Bharti will continue as a director and, along with Scott Moore, will act as Co-Chairman of the Company.

New Investment Strategy

MedQuest
The Covid-19 pandemic is threatening societies across the world. This virus has created serious challenges but also new opportunities to bring life-saving technology and therapies to market. MedQuest is pursuing numerous investments in health sciences to help advance and develop products used to detect, treat, and overcome COVID-19. MedQuest is looking to invest in opportunities that will: improve testing around the world, source effective therapies, and develop a lasting cure.

ClimateQuest
Anthropogenic climate change is threatening to drastically alter the environments we inhabit and the way we live. In order to prevent further degradation of our planet, it is imperative that mankind adopt new technologies and systems that limit, eliminate, or removed greenhouse gas emissions. The crisis is understood and numerous organizations and entrepreneurs have produced powerful innovations but lack the resources to commercialize them. Enter ClimateQuest. Our experienced team will source, review and identify meaningful investment opportunities in sustainable initiatives that have the potential to produce tangible environmental impacts.

TechQuest
Disruptive innovation changed transportation from horseback to cars, communication from landlines to cellphones, and entertainment from cable to streaming video. TechQuest aims to continue human evolution by sourcing and financing groundbreaking technology, procedures, and platforms. We will work with innovators and developers to fund their passions and help turn them into reality. Partnering with visionaries at the seed-stage has the potential to create exceptional value for TechQuest investors.

Eco Capital Acquisition

Finally, further to the Company’s press release dated March 23, 2020, QuestCap announces the signing of the definitive agreement with respect to, and the completion of, the acquisition (the “Acquisition”) of all of the issued and outstanding common shares in the capital of Eco Capital Growth Corp., a British Colombia company (“Eco Capital”). In consideration for the Acquisition, QuestCap issued 8,000,000 common shares of the Company at a deemed price of $0.07 per share in exchange for all of the common shares in the capital of Eco Capital, resulting in the shareholders of Eco Capital owning 12.6% of the Company on an undiluted basis.

Engagement of Native Ads and Hybrid Financial

Additionally, the Company has entered into a 12-month programmatic digital advertising campaign with Native Ads for a total cost of US$700,000, comprised of $525,000 for digital advertising, paid distribution, and media buying over the campaign period and, $175,000 for content creation, consulting, managed services and management fees over the course of the campaign period. Native Ads is a full-service ad agency, that owns and operates a proprietary ad exchange with over 80 integrated SSPs (supply-side platforms) resulting in access to 3-7 billion daily North American ad impressions. Neither Native Ads nor any of its directors and officers own any securities of the Company.

Hybrid Financial has been engaged by QuestCap for a period of six-months starting April 1, 2020 which term may be renewed for successive three-month periods thereafter upon the mutual agreement of QuestCap and Hybrid. Hybrid will be paid a monthly fee of $66,666.67, plus applicable taxes, during the initial six-month term. Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal.

About Eco Capital

Eco Capital is a uniquely positioned early stage investor, developer and incubator of sustainably focused high growth opportunities with a focus on financial return, lasting positive environmental impact and benefiting society.

About QuestCap

QuestCap is an investment company that seeks to enhance shareholder value over the long term by opportunistically making various investments that may include, without limitation, the acquisition of equity, debt or other securities of publicly traded or private companies or other entities, financing in exchange for pre-determined royalties or distributions and the acquisition of all or part of one or more businesses, portfolios or other assets.

For additional information, please contact:

Scott Moore
Co-Chairman
smoore@forbesmanhattan.com
1-416-861-5903

Cautionary Note Regarding Forward-looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the launch of the three new strategic divisions; disclosure related to Eco Capital; the engagement of Native Ads and Hybrid Financial; and potential investments to be made by the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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COVID-19's Impact on Telecoms Worldwide, 2020 – Macro Level Impact, CapEx Investment, Supply Chain, Enterprise Demand, Green Shoots – GlobeNewswire

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Dublin, May 29, 2020 (GLOBE NEWSWIRE) — The “Impact of COVID-19 on Telecoms” report has been added to ResearchAndMarkets.com’s offering.

COVID-19 has massively disrupted businesses in a short period of time. The lost economic output measured in GDP worldwide could be as high as USD 12 Trillion

China was the first country affected and industrial production fell 13.5% in the first two months of the year according to China National Bureau of Statistics. The United States just passed a $2.2 Trillion relief bill. Unemployment claims filed in the U.S. for the week ending March 20, 2019 were 3.3 Million, four times the worst weekly data reported in the 2009 financial collapse.

The world’s economy could grow at its slowest rate since 2009 this year due to the coronavirus outbreak, according to the Organization for Economic Cooperation and Development (OECD). However, we should recognize that the events that led to this differ dramatically from 2009. COVID-19 is akin to the Spanish Flu but the economy today is more globally connected unlike 1917.

Current OECD estimates for global growth are 1.5%. The speed of COVID-19 has created an urgency for policy makers to act quickly to protect the public and avoid overwhelming hospitals. Business leaders will be equally challenged to quickly prepare for business interruption. This includes rapid changes in workforce logistics to encourage physical distancing, consumer demand shock, and supply chain disruptions.

Expect both forecasted GDP and CAPEX models to be frequently revised downward based on:

  • The infection rates of COVID-19 and ability of governments to bend the curve
  • Extent and duration of governments to lift lockdowns around the world
  • The effectiveness of governments in financially backing the key segments of the economy most impacted by extreme falloff in demand imposed by government shut down orders

The publisher believes that there will be changes to the communications industry, as a result of COVID-19.

Face to face meetings, conferences and office workspaces will not disappear. However, COVID-19 will accelerate trends in remote/distributed work, virtual meetings and electronic collaboration. In essence, electronic collaboration will substitute for some of the spending historically in travel and hospitality. As a result, the shift toward widely available broadband, the shift of enterprise workloads to cloud and SaaS and the importance of broadband wireless (5G) will gain extra importance. The publisher thinks we will see a shift of 5-10% of people will change their behaviour to primarily work remotely. Predominantly this will be about a change in management behaviour and the development of trust of in distributed working.

The telecommunication sector will be moderately impacted by COVID-19.

Some CSPs will increase capital spending to support increases in broadband access driven by consumer demand. Data collected by Nokia Deepfield demonstrates that the network has held up far better under this enormous shift in traffic origination than might have been expected. However, this explosion in bandwidth demand has exhausted the overhead built into the network to guarantee reliability.

The post COVID-19 era will fundamentally change work force behavior.

More employers will enact policies to encourage remote work practices in the future. Some suppliers will experience supply chain disruptions, but we think for the most part this will not be serious. Most suppliers implemented risk mitigation strategies ahead of COVID-19 to gain more control of key components related to infrastructure equipment.

In this short primer, the publisher attempts to set the scene for how the disruption from COVID-19 will impact telecoms. We recognize that at this time everybody’s focus should be on keeping healthy, acting on clear factual information and ensuring that we have the basics of life. Telecoms will, for now, be a key enabler/foundation for all three of these. However, in the long term the current emergency is both a challenge and an opportunity to our industry. Our intent in producing this paper is to allow us to rise to the challenges and to maximize the opportunities.

Key Topics Covered

1. EXECUTIVE SUMMARY

2. MACRO LEVEL IMPACT

3. CAPEX INVESTMENT

  • Access
  • Policy and QoS in the Access Network
  • Last Mile Investment
  • Core
  • Edge
  • 5G

4. SUPPLY CHAIN

5. ENTERPRISE DEMAND

6. GREEN SHOOTS

  • Working from Home (WFH)
  • Health Monitoring

7. SUMMARY

Companies Mentioned

  • BT
  • Netflix
  • Nokia
  • Telstra
  • Verizon
  • Zoom

For more information about this report visit https://www.researchandmarkets.com/r/k6y9tf

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

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RioCan Real Estate Investment Trust Schedules Date of Second Quarter 2020 Earnings Release, Conference Call and Webcast – GlobeNewswire

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TORONTO, May 29, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX:  REI.UN) today announced that it is scheduled to release its financial results for the three and six months ended June 30, 2020 before the market opens on Wednesday, July 29, 2020.

Interested parties are invited to participate in a conference call with management on Wednesday, July 29, 2020 at 10:00 a.m. Eastern time. You will be required to identify yourself and the organization on whose behalf you are participating.

In order to participate, please dial 647-427-3230 or 1-877-486-4304. If you cannot participate in the live mode, a replay will be available for a month following the date of the live conference call. To access the replay, please dial 1-855-859-2056 and enter the passcode 5081147#.

Alternatively, to access the simultaneous webcast, go to the following link on RioCan’s website http://investor.riocan.com/investor-relations/events-and-presentations/ and click on the link for the webcast.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2020, our portfolio is comprised of 222 properties with an aggregate net leasable area of approximately 38.6 million square feet (at RioCan’s interest) including office, residential rental and 16 development properties. To learn more about us, please visit www.riocan.com.

For further information contact:

RioCan Real Estate Investment Trust
Kim Lee
Vice President, Investor Relations
416-646-8326

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Why housing is still the best investment for most Canadians – BNNBloomberg.ca

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Owning a home remains the largest single investment for most Canadians. So it’s not surprising that fear over an economy turned upside down literally hits home for so many. 

The Canada Mortgage and Housing Corporation (CMHC)  recently warned the pandemic and resulting lockdown of the economy could drive the country’s average home prices down by between nine per cent and 18 per cent, as job loss and uncertainty force many Canadians to the sidelines. The federal housing agency expects the housing sector will not return to pre-pandemic levels until the end of 2022. 

Most of the concern centres on oil-producing regions hit hard by the crash in crude prices. Housing analysts also point out vulnerability in big cities; especially the booming Vancouver and Toronto condo markets.

That’s potential bad news for speculators or those who just bought a home in a vulnerable region and want to sell in the next three years. For most long-term homeowners who can maintain a sufficient source of income, the best and safest investment remains the roof over their head.

According to the CMHC, average Canadian house values have increased by over five per cent annually over 25-year periods going back to the Second World War. That includes the 2008 global financial meltdown when predictions for a housing market collapse never materialized.

Many homeowners have already benefited from the pre-pandemic housing boom, and for new homeowners, any decline over the next three years can easily be absorbed once the market gets back on track. 

For potential homeowners, the next three years could finally open an affordable window to the residential real estate market. One of the biggest pre-pandemic risks in the housing market was the threat of higher mortgage rates, but massive government spending and the resulting drag on economic growth mean that borrowing rates will likely remain low for a long time. 

While a home should never be the only investment in a retirement portfolio, it’s unique from other investments in terms of risk. A short-term theoretical drop in the value of a home is not the same as a drop in the value of a stock or something like bitcoin. In most cases, homes are bought and sold far less frequently, which decreases the risk of making a price decline a real loss and allows time for it to recover.  

What really sets a home apart from any other investment is its intrinsic value. A home is considered real estate. That means it is a real, tangible, asset and will always have a significant basic value. Other equity investments have intrinsic values, but they can be difficult to measure consistently in relation to their price. Bitcoin, for example, has no intrinsic value because it is backed by nothing. The only value in bitcoin, and many other equities that trade on public exchanges, is a belief by investors that it has the intrinsic value reflected in its trading price.

  • Subscribe to BNN Bloomberg’s new weekly personal finance newsletter, Home Economics, here: bnnbloomberg.ca/subscribe 

The intrinsic value of a home comes in part from the fact that it is the only investment you can actually live in. It’s an asset you can rest your head in it at the end of the day no matter what value the market places on it. In addition to the potential for it to go up in value over time, a home pays a sort of dividend equal to the cost of rent if you didn’t own a home. A home can also generate income by renting out all or part of it.

Home ownership also allows average investors to build equity by borrowing at a low interest rate in the form of a mortgage by using the property as collateral. Over time, that equity can be used to borrow at a low interest rate through a home equity line of credit (HELOC). 

Perhaps the biggest and hardest measure of the intrinsic value of a home to quantify comes from its newfound role as sanctuary during a global pandemic. The value of a home in a time when social distancing could become the norm for years to come is immeasurable. Being cooped up with the people closest to your heart can be frustrating at times but can offer rewards well beyond its market value.   

Although the economy has been turned upside down there will always be an economy as long as there is demand for something. Investment trends may come and go but the desire to own a home will always drive demand. 

Payback Time is a weekly column by personal finance columnist Dale Jackson about how to prepare your finances for retirement. Have a question you want answered? Email dalejackson.paybacktime@gmail.com. 

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