TORONTO, June 05, 2019 (GLOBE NEWSWIRE) -- Sarment Holding Limited ("Sarment", "SAIS Group" or the "Company") (TSXV: SAIS) today announced that it is exploring a potential private placement of unsecured convertible subordinated debenture units (the "Offering").
The net proceeds from the Offering are anticipated to be used to continue the development and commercialisation of “KADDRA”, its Customer Experience Management (“CEM”) platform. KADDRA’s technology helps businesses combine their full suite of products and services into a single ecosystem seamlessly integrated with their own branded consumer interface.
KADDRA CEM was developed by the SAIS Group for both large enterprises and SMEs, to enable them to connect with their customers more efficiently and allow intelligent and actionable customer data to help the business maximize sales and customer satisfaction. On April 11, 2019, SAIS Group announced the launch of the KADDRA CEM platform, after the successful trial of the Group’s proof of concept platform in Asia the previous year, which showcased the capacity of KADDRA’s advanced technology.
The terms of the potential Offering are unknown at this time. The completion of any such Offering would be subject to applicable approvals, including any necessary regulatory and TSX Venture Exchange approvals.
About SAIS Group
Singapore-based SAIS Group is a leader in Customer Experience Management technology, business intelligence and services solutions. Across its business units, the group connects businesses with their customers through end-to-end intelligent solutions. Together with a roundup of world-leading industry and tech experts SAIS offering is crafted to create ground-breaking digital business-customer relationships. Since its establishment in 2012, SAIS Group has expanded throughout Asia and is now looking towards global expansion.
To learn more about SAIS, visit our website: www.sais-group.com
Cautionary Statement
Certain statements contained in this press release contain “forward-looking information” (“forward-looking statements”) within the meaning of Canadian securities laws. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding, the completion of any potential strategic transaction such as the sale of its luxury distribution business, and the terms and result of any such transaction, are forward-looking statements. Forward-looking statements are typically identified by words such as: believes, expects, anticipates, intends, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Forward-looking statements include, but are not limited to, statements relating to the potential Offering and the expected use of net proceeds from the Offering. These forward-looking statements represent SAIS Group’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of SAIS Group’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the Company’s final prospectus, dated July 26, 2018, filed with the applicable Canadian securities regulatory authorities. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. For this reason, readers should not place undue reliance on forward looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, SAIS Group does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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 release.
Contact
Deborah Krish
SAIS Corporate Office
deborah.krish@sais-group.com