CALGARY, Alberta, Oct. 31, 2022 (GLOBE NEWSWIRE) — ApartmentLove Inc. (CSE: APLV) (“ApartmentLove” or the “Company”), a number one supplier of on-line dwelling, condo, and trip rental advertising and marketing providers to house owners, renters, and vacationers from all over the world is happy to announce it has entered right into a Listing Data License Agreement (the “Agreement”) with a longtime itemizing aggregator with a listing of long-term rental listings throughout Canada and specific focus within the Greater Toronto Area (“GTA”). The itemizing associate maintains an energetic stock of rental listings on behalf of condo constructing house owners and operators and different massive property administration firms nationwide. ApartmentLove has built-in with the info switch feed of the itemizing associate, offering one other direct connection between ApartmentLove.com and trusted suppliers.
Per the Agreement, ApartmentLove will earn charges for selling the properties of the itemizing associate on ApartmentLove.com. “The Canadian rental markets are very active and in addition to our well-publicized goal of consolidating the deeply fragmented space; signing contracts such as this further strengthen our competitive positions and resolve to dominate this space,” exclaimed Trevor Davidson – President & CEO of ApartmentLove. Mr. Davidson added, “We expect revenues to begin following a short introductory or trial period.” A totally automated and hands-free endeavor, Management believes, based mostly on its present long-term income metrics, together with historic income per buyer, price of products bought, capital expenditure on Search Engine Optimization (“SEO”) and web site site visitors to ApartmentLove.com over the previous 24-months, that the Company will earn upwards of 80-cents on the greenback from this endeavor and that this Agreement ought to add roughly $150,000 in EBITDA in 2023.
“ApartmentLove.com is currently tracking on highly coveted page 1 positions of Google search results in many markets across Canada,” says, Ken Lang – Head of Technology for ApartmentLove. Mr. Lang added, “Our significant investments in SEO to best align ApartmentLove.com with the Google Algorithm have been focused on major US rental markets. Expanding our focus to include the GTA is a logical technical maneuver and makes good business sense.” Having well-established the Company’s place on the forefront of the long-term rental market, Management has shared a wish to personal and management all points of the web renting expertise and crystalizing its presence within the GTA is essential in realizing that objective.
About ApartmentLove Inc.
ApartmentLove Inc. (CSE: APLV) is a number one supplier of on-line rental advertising and marketing providers to property house owners, renters, and vacationers in additional than 30-countries all over the world. Having confirmed its potential to scale as a fast-growing “PropTech” in at present’s complicated and dynamic market environments, ApartmentLove is actioning its development by acquisition program – buying complementing companies which have many month-to-month energetic customers, a historical past of recurring revenues, constructive cashflows, and customized applied sciences that each speed up and destress the renting expertise, whereas concurrently advancing its personal natural development methods in key markets all over the world. ApartmentLove Inc. is a publicly traded firm with its widespread shares listed on the Canadian Securities Exchange (CSE: APLV).
For extra info go to https://apartmentlove.com/investors or contact:
Trevor Davidson
President & CEO
ApartmentLove Inc.
[email protected]
(647) 272-9702
Reader Advisory
Certain info set forth on this information launch might comprise forward-looking statements that contain substantial recognized and unknown dangers and uncertainties, sure of that are past the management of the Company. Forward-looking statements are continuously characterised by phrases akin to “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and different related phrases, or statements that sure occasions or circumstances “may” or “will” happen. These statements are solely predictions. Readers are cautioned that the assumptions used within the preparation of such info, though thought of cheap on the time of preparation, might show to be imprecise and, as such, no undue reliance must be positioned on forward-looking statements of any type. Forward trying statements embody however should not restricted to the anticipated advantages of the Agreement and the flexibility of the Company to understand the advantages of the Agreement; the anticipated income per consumer; the anticipated price of products bought; anticipated capital expenditure on search engine marketing; anticipated web site site visitors to ApartmentLove.com; the Company’s search engine marketing leading to first web page search outcomes on well-liked search engines like google in geographical places that the Company operates; administration’s projected earnings generated by the Agreement for 2023; the Company realizing the advantages of its natural development mandate; the flexibility of the Company to develop into cashflow constructive; and the flexibility of the Company to efficiently combine and understand the advantages of the Agreement. The Company assumes no obligation to replace forward-looking statements, whether or not because of new info, future occasions, or in any other case, besides as required by relevant legislation. Risk elements will be discovered within the Company’s steady disclosure paperwork which have been filed on SEDAR and will be accessed at www.sedar.com.
This press launch comprises “future-oriented financial information” and “financial outlook information (collectively, “FOFI“) about the Company’s projected EBITDA generated from the Agreement for 2023. FOFI is being provided by management of the Company to demonstrate the anticipated potential earnings realized by the Company, and related margins of such earnings, under the Agreement, and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place any undue reliance on FOFI. FOFI, as with forward-looking information generally, are, without limitation, based on the assumptions and subject to the risks set out above under the heading “Reader Advisory”. The actual results of operations of the Company and the resulting financial results will likely vary from the amounts set forth in this press release and such variation may be material. The Company and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management’s best estimates and judgments as of the date hereof; however, because this information is subjective and subject to numerous risks, it should not be relied on as necessarily indicative of future results. The forward-looking information and FOFI contained in this press release speak only as of the date of the document, and none of the Company or its subsidiaries assumes any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws. Actual results could also differ materially from those anticipated in these forward‐looking statements and FOFI due to the risk factors set forth under the heading “Risks” within the Company’s Management Discussion and Analysis for the three and 6 months ended June 30, 2022, dated August 11, 2022.
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ApartmentLove® | the sensation of dwelling
