- April 22, 2020
- Posted by: Waldon
- Categories:
| Company Name | NuriFlex Holdings Inc. |
|---|---|
| Contact Name | Jay Song |
| Contact Email | Email hidden; Javascript is required. |
| Contact Phone | (604) 343-4200 |
| Opportunity Name | Social dating metaverse platform (NuriTopia) |
| Location of Business | Canada |
| When was the business started? | Aug 2018 |
| What is the business most known for? | AMI |
| Who is/are owner/owners? | There are 4 major shareholders |
| Why sell the business? | We are not selling the business. We are seeking long-term investors in our metaverse project. |
| Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level? | No |
| Who will remain on the ownership level? | Ownership does not change |
| Is the owner(s) planning to stay around? If so, what is their thinking? | The owner will remain unchanged. The major shareholder is the leader in growing the NuriTopia project. |
| What is the maturity level of the business? | Generating Revenue but Operating at a Loss |
| EBITDA or Profit for same period | $2.2M |
| Trailing 12 Month Revenue | $545K |
| Trailing 12 Month EBITA | $1.1M |
| Any significant debt on the business? | There are $2.5M debt with bank. |
| Why did the business start? | NuriFlex Group has started with global AMI business, and has recently added new business portfolio, called NuriTopia. NuriTopia is a social dating metaverse platform. |
| Why did the business start? | NuriFlex Group has started with global AMI business, and has recently added new business portfolio, called NuriTopia. NuriTopia is a social dating metaverse platform. |
| How did business get to where it is at? | The company has been working on NuriTopia project about 2 years ago, and the app has been recently launched on Google and Apple store. |
| Aggregations or Organic growth? | We are in the early stage of building organic growth, and we expect to build it as we start our off/online marketing in Southeast Asia. |
| Any tailwinds or headwinds facing business/sector? | There are several global leaders in the social dating application industry, but we have our own uniqueness. We are not just a social dating but we plan to grow the ecosystem with other services. |
| Sector insights from owner and what the opportunity going forward with new owner might look like? | The owner does not change. |
| What is the unique story of business -- how is it different then their competition –what makes them better/worse? | We are not a startup. We have great range of group participants to support our project and ecosystem. |
| Provide any additional notes, information or data that supports this opportunity | Please refer to our project websites. NuriTopia platform : www.nuritopia.com |
| Date Created | September 25, 2023 |
| Date Updated | September 25, 2023 |