Parvis Diversifies its Portfolio, Welcoming Three New Issuer Clients
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2024) - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company''), a technology-driven real estate company committed to broadening access to institutional quality real estate investment opportunities, proudly announces the addition of three Exempt Market Dealer (EMD) issuer clients to its growing portfolio. These strategic collaborations highlight Parvis' dedication to reshaping the real estate investment landscape through innovative solutions and steadfast support for both issuers and investors.
"We are invigorated by the momentum at Parvis. Our goal in signing these strategic partnerships with mortgage investment corporations is to drive innovation and accessibility in the alternative investment sector," stated David Michaud, Founder and CEO of Parvis. "With each new partner Parvis becomes a more robust investing ecosystem that provides individuals with the opportunity to build portfolios on our platform spanning various asset classes, from residential to commercial mortgages, we offer a wide range of products across the country."
The signing of three new clients signifies a significant milestone for Parvis, marking its emergence as a preferred platform for over 30 private equity issuers, including REITs, real estate developers, and Mortgage Investment Corporations (MICs). Through its cutting-edge tech-enabled platform, Parvis seamlessly connects investors across all provinces to a diverse array of investment opportunities, consolidating its position as a frontrunner in the industry.
New Parvis EMDsolutions partners:
Perch Capital: A premier Mortgage Investment Corporation (MIC), Perch Capital is renowned for its commitment to capital preservation and consistent returns. With a sterling track record of zero loan losses or defaults since inception, Perch Capital provides stability and growth potential in the mortgage investment sphere.
Metropointe Mortgage Investment Corporation (Metropointe): Since its establishment in 2011, Metropointe has been a pillar of stability, offering shareholders a reliable income stream supported by a diversified portfolio of secured mortgages. With Parvis' backing, Metropointe aims to expand its reach nationwide.
Secure Capital MIC (Secure Capital): With over 15 years of industry experience, Secure Capital boasts a seasoned management team dedicated to delivering consistent returns to investors. Armed with an impressive annual dividend and a diverse portfolio valued at over $60 million, Secure Capital ensures a steady income stream for its stakeholders.
Parvis's comprehensive EMDSolutions, encompassing compliance, back-office, and marketing support, empower these partners to streamline administrative tasks and concentrate on driving value for their investors. With these strategic partnerships, Parvis reaffirms its leadership position in the alternative investment sphere, poised to unlock new avenues of growth and drive sustained success for its clients and stakeholders.
About the Company
Parvis is a technology-driven real estate investing platform. Focused on broadening access to institutional quality real estate investment opportunities, Parvis promotes greater access in this historically inaccessible and illiquid asset class. Enabled by blockchain technology, Parvis makes finding, tracking, and maximizing investments an experience that is both frictionless and empowering. Parvis, headquartered in Vancouver, employs experts in Toronto, Vancouver, Kelowna, and Montreal. Additional information about Parvis is available at www.parvisinvest.com and on SEDAR at www.sedar.com
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements") within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer's business, capital, or operations that is prospective in nature, and includes future-oriented financial information about the issuer's prospective financial performance or financial position. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: execution and integration of the Memorandum of Understanding; and the Company's business plans and role in the investment industry. To develop the forward-looking information in this news release, the Company made certain material assumptions, including but not limited to: prevailing market conditions; general business, economic, competitive, political and social uncertainties; and the ability of the Company to execute and achieve its business objectives. There can be no assurance that such statements 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 statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. These risk factors include, but are not limited to: adverse market conditions; changes in general economic, business and political conditions; changes in applicable laws and regulations; compliance with extensive government regulation; reliance on key and qualified personnel; risks associated with the real estate, investment, and technology industries in general. The foregoing list of material risk factors and assumptions is not exhaustive. The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required to do so under Canadian securities legislation.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
For further information:
David Michaud, CEO, Parvis Invest Inc.
Email: david@parvisinvest.com
Tel: 1-844-487-4866
For media inquiries please contact:
Katie Green, August Strategy
Email: katie@auguststrategy.com
SOURCE: Parvis Invest Inc.