Auralite Commits Investment Into Developer of Virtual Reality Based Technology for Special Needs Education
13 April 2020 - 10:00PM
Auralite Investments Inc. (TSX Venture-AAAA) (the "Company" or
"Auralite"), is pleased to announce its $100,000 investment into
Akiva Systems Inc. (“Akiva”). Pursuant to the investment, Auralite
will acquire an aggregate of 1,000,000 common shares of Akiva
("Akiva Shares") and 500,000 common share purchase warrants
exercisable for an additional 500,000 Akiva Shares at a price of
$0.40 for a period of 24 months from issuance.
About Akiva
Akiva is a private early-stage developer of
educational hardware and software for children with special needs,
utilizing a virtual reality platform. The Akiva mission is to
insure that every child with special needs has an affordable access
to the educational system that enables them to develop their unique
abilities to succeed and thrive. Akiva is building a SaaS
technology company to become a global leader in special needs
education, with focus on scale, availability and
profitability. It is working to provide high system quality
with their development of a global educational ecosystem using
advanced VR and AI technologies that ensure consistent program
delivery, while focusing on prescriptive analytics to mitigate
current learning process deficiencies. Of equal importance is the
Akiva social mandate – to ensure global access to the Akiva
ecosystem to children and families regardless of economic
circumstances, through partnerships with ASD not-for-profit
organizations.
ABOUT AURALITE
Auralite is an investment issuer with interests
in Singapore-based EVVO Labs Pte. Ltd., South Korea-based
Fourth-Link Inc., and Canadian-based Champignon Brands.
ON BEHALF OF AURALITE INVESTMENTS INC. BOARD OF
DIRECTORS
“Robert Meister”
For more information contact:(604) 351-6647
Or Email:
rob@auraliteinvestments.com http://www.auraliteinvestments.com/
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
This news release contains forward-looking
statements including statements regarding any of the Auralite
holdings or investments, as well other statements that are not
historical facts. Readers are cautioned not to place undue reliance
on forward-looking statements, as there can be no assurance that
the plans, intentions or expectations upon which they are based
will occur. By their nature, forward-looking statements involve
numerous assumptions, known and unknown risks and uncertainties,
both general and specific, that contribute to the possibility that
the predictions, forecasts, projections and other forward-looking
statements will not occur, which may cause actual performance and
results in future periods to differ materially from any estimates
or projections of future performance or results expressed or
implied by such forward-looking statements. These assumptions,
risks and uncertainties include, among other things, the state of
the economy in general and capital markets in particular, investor
interest in the business and future prospects of the Company.
The forward-looking statements contained in this
news release are made as of the date of this news release. Except
as required by law, the Company disclaims any intention and assumes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable securities law. Additionally, the
Company undertakes no obligation to comment on the expectations of,
or statements made, by third parties in respect of the matters
discussed above.
Auralite Investments (TSXV:AAAA)
Historical Stock Chart
From Sep 2024 to Oct 2024
Auralite Investments (TSXV:AAAA)
Historical Stock Chart
From Oct 2023 to Oct 2024