VANCOUVER, BC, May 5, 2021 /CNW/ - Evermount Ventures
Inc. (the "Company") (TSXV: ETV.H), is pleased to
announce that Video Commerce Group Limited ("OOOOO"), the
acquisition target of the Company's qualifying transaction, has
partnered with e-commerce giant B2W – Companhia Digital
("B2W"), for the launch of OOOOO's technology and platform
in Brazil.
Evermount target company Video Commerce Group Limited Signs
Partnership Agreement with B2W – Companhia Digital
Brazil based B2W provides a
complete e-commerce marketplace connecting customers with sellers
and suppliers through various brands, including:
Americanas.com, the largest Brazilian online store with millions of
products available in more than 40 categories; Submarino, a
digital brand in books, games, technology and entertainment; and
Shoptime, the largest home shopping channel in Latin America and a specialist in live product
demonstration broadcasts.
Pursuant to the partnership agreement, OOOOO's platform will be
integrated within the complete B2W ecosystem, including an app to
be launched in Brazil this
month. The partnership agreement provides for B2W's exclusive
use of OOOOO's technology and platform in Brazil, while also providing for the
possibility of forming a joint-venture between the parties for the
continuous development of operations in the country. The
partnership agreement has an initial term of one year, subject to
renewal upon agreement by the parties.
OOOOO co-founder and CEO Sam
Jones stated: "We could not be more pleased with this
partnership. Through this agreement, our application
will become available to a whole new audience in a major world
market well outside our home base in the United Kingdom.
B2W's market reach in Brazil,
coupled with the broad spectrum of products it sells and its expert
capabilities in logistics and fulfillment, make it a great fit for
our first international partnership. We look forward to
bringing the live commerce model to Brazil with B2W".
Forward Looking Information
Information set forth in this news release contains
forward-looking statements. These statements reflect management's
current estimates, beliefs, intentions and expectations; they are
not guarantees of future performance. The Company cautions that all
forward looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond the Company's control. Such factors
include, among other things: its ability to complete a Qualifying
Transaction, its expectations for Video Commerce's future business
and operations, including the success of its partnership agreement
with B2W, the execution of a joint venture with B2W and the
successful execution of future joint ventures in international
markets, and other risks and uncertainties, including those
described in the Company other disclosure documents filed with the
Canadian Securities Administrators and available on
www.sedar.com. Accordingly, actual and future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to
publicly update or revise forward-looking information.
NEITHER 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 RELEASE.
SOURCE Evermount Ventures Inc.
