http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Wed, 18 Oct 2017 05:49:32 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Collaborate Corporation launches new co-branded car rental website in Victoria ]]> http://www.proactiveinvestors.com.au/companies/news/184525/collaborate-corporation-launches-new-co-branded-car-rental-website-in-victoria-184525.html Collaborate Corporation Ltd’s (ASX:CL8) DriveMyCar business unit has launched the RACV DriveMyCar website, its first product in collaboration with RACV in Victoria.

DriveMyCar is a peer-to-peer car rental service where owners list their vehicles and renters find and book the vehicles after passing the company’s verification processes.

RACV DriveMyCar is a co-branded website targeted at the Royal Automobile Club of Victoria’s (RACV) 2.1 million members, Victorian residents and those planning to visit Victoria.

The new venture will be supported by a significant marketing campaign leveraging RACV's own channels and will also include online advertising, public relations and search marketing.

As part of the offer, RACV members will receive attractive benefits for an introductory period and non-RACV members will receive free personal membership of RACV for one year.

An emergency roadside assistance product provided by RACV will also be available for eligible vehicles in Victoria.

The launch will be supported by a consumer marketing campaign, which is scheduled to roll out in September 2017.

Collaborate’s share price increased by circa 17% in the past one week, closing at $0.033 on Monday.

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Tue, 26 Sep 2017 08:47:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184525/collaborate-corporation-launches-new-co-branded-car-rental-website-in-victoria-184525.html
<![CDATA[News - Collaborate Corporation expands its partnership with Subaru Australia ]]> http://www.proactiveinvestors.com.au/companies/news/179771/collaborate-corporation-expands-its-partnership-with-subaru-australia-179771.html Collaborate Corporation (ASX:CL8) will add 105 new 2018 model Subaru XV vehicles for rental through its DriveMyCar platform in September 2017.

DriveMyCar is a peer-to-peer car rental service where owners list their vehicles and renters find and book the vehicles after passing the company’s verification processes.

Collaborate is now expanding its relationship with Subaru Australia, following a highly successful partnership in March 2017 around the launch of the 2017 model Subaru Impreza.

For the launch of the new car, DriveMyCar developed a marketing campaign that built brand awareness and formed a core component of Subaru’s national marketing campaign for the Impreza.

DriveMyCar will now provide “try before you buy” opportunities enabling prospective Subaru customers to rent the new XV vehicle for extended test drives.

More significantly, XV vehicles will also be available for rental by UberX drivers, providing opportunities for UberX passengers to experience the 2018 model XV.

Collaborate recently achieved record monthly results for DriveMyCar in May 2017, driven by the continued momentum in demand across private, rideshare and corporate rentals.

DriveMyCar recorded $273,890 in rental transaction value for May 2017, a 6% increase over the previous month and circa 100% increase compared to May 2016.

Collaborate is now entering a new stage of growth which includes further scaling of its technology platform and leveraging the growing number of strategic partnerships.

The company’s share price increased 70% since the start of 2017, last trading at $0.034.

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Mon, 26 Jun 2017 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179771/collaborate-corporation-expands-its-partnership-with-subaru-australia-179771.html
<![CDATA[News - Collaborate Corporation shares rise on securing strategic investment ]]> http://www.proactiveinvestors.com.au/companies/news/176953/collaborate-corporation-shares-rise-on-securing-strategic-investment-176953.html Collaborate Corporation’s (ASX:CL8) shares traded higher yesterday after securing a strategic investment of $1 million from the Royal Automobile Club of Victoria (RACV).

Importantly, the 6.77% interest in Collaborate was acquired by RACV at an issue price of $0.03 per share, a 20% premium to Collaborate’s closing price on 21 April 2017.

Collaborate is one of the pioneers of the sharing economy in Australia, with its technology platform processing thousands of high value peer-to-peer transactions each year.

RACV provides emergency roadside and home assistance, insurance, finance and other services to its 2.1 million members.

RACV’s goal of providing industry leading mobility, home and leisure services to its members aligns closely with Collaborate’s experience in operating car, household item and caravan sharing services.

The companies will jointly explore opportunities to provide RACV’s members and the wider Victorian market with the ability to share items they own or gain access to items they need temporarily.

Collaborate expects RACV to significantly accelerate the adoption of Collaborate’s platforms in Victoria.

The company’s DriveMyCar business unit’s rental transaction value for March 2017 reached a new record of $243,000, a 35% growth from February 2017.

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Thu, 27 Apr 2017 08:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176953/collaborate-corporation-shares-rise-on-securing-strategic-investment-176953.html
<![CDATA[News - Collaborate Corporation attracts funding ]]> http://www.proactiveinvestors.com.au/companies/news/176751/collaborate-corporation-attracts-funding-176751.html Collaborate Corporation (ASX:CL8) has been granted a trading halt by the ASX, pending details of a strategic investment.

The halt will remain in place until the opening of trade on Thursday 27th April 2017, or earlier if an announcement is made to the market.

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Mon, 24 Apr 2017 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176751/collaborate-corporation-attracts-funding-176751.html
<![CDATA[News - Collaborate Corporation shares gain on record car rental growth ]]> http://www.proactiveinvestors.com.au/companies/news/175033/collaborate-corporation-shares-gain-on-record-car-rental-growth-175033.html Collaborate Corporation’s (ASX:CL8) DriveMyCar business unit is on track to deliver another quarter of strong growth, with a number of sales records broken before the end of the March 2017 quarter.

The company’s shares were last trading 14.29% higher intra-day on Monday, at $0.024.

DriveMyCar is a peer-to-peer car rental service where owners list their vehicles and renters find and book the vehicles after passing the company’s verification processes.

Significantly, net rental days booked for the March 2017 quarter as of 17 March had reached 16,766 days, 54% higher than the full December 2016 quarter.

Last month, DriveMyCar expanded its fleet size with the addition of 101 Subaru Impreza 2017 model vehicles.

61% of the 101 Subaru Imprezas have already been booked within 2 days of official availability. All vehicles are expected to be booked by the end of March.

DriveMyCar also offers cars for rent to UberX driver-partners.

The company has witnessed a 116% growth in net rental days booked for UberX rentals for the March 2017 quarter to date, compared to the full December 2016 quarter.

Last month, DriveMyCar signed a strategic agreement with ORIX Australia, part of the ORIX Corporation (TYO:8591), the largest fleet management group in Asia Pacific.

The agreement enables the renting of ORIX vehicles through DriveMyCar’s platform to private and corporate rental customers.

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Mon, 20 Mar 2017 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175033/collaborate-corporation-shares-gain-on-record-car-rental-growth-175033.html
<![CDATA[News - Collaborate Corporation adds 101 Subaru Imprezas to its fleet ]]> http://www.proactiveinvestors.com.au/companies/news/173100/collaborate-corporation-adds-101-subaru-imprezas-to-its-fleet-173100.html Collaborate Corporation (ASX:CL8) is expanding the fleet size of its DriveMyCar rental service with the addition of 101 Subaru Impreza 2017 model vehicles.

DriveMyCar is a peer-to-peer car rental service where owners list their vehicles and renters find and book the vehicles after passing the company’s verification processes.

This is the largest ever addition to the DriveMyCar fleet and represents a +20% increase in the active fleet size.

This expansion builds on the successful pilot deployment of ten Subaru Levorg wagons in October 2016.

In collaboration with Subaru, DriveMyCar has developed a marketing package that builds brand awareness for the new Impreza and forms a core component of Subaru’s national marketing campaign.

The marketing package includes two key elements designed to provide opportunities for Australians to experience and test drive the new Impreza.

Firstly, DriveMyCar will provide “try before you buy” opportunities enabling prospective Subaru customers to rent Imprezas for extended test drives to experience them in real-life situations.

More significantly, the Impreza vehicles will also be available for rental by UberX drivers, providing opportunities for thousands of UberX passengers to experience the 2017 model Subaru Impreza.

101 vehicles will be available for rental from March 2017 in Sydney, Melbourne and Brisbane for $199 per week.

Last week, Collaborate entered into agreements with existing sophisticated investors to underwrite the exercise of 63 million quoted options to raise $1.26 million.

The underwriting places the company in a strong financial position to drive the growth of its peer-to-peer marketplaces.

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Tue, 14 Feb 2017 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173100/collaborate-corporation-adds-101-subaru-imprezas-to-its-fleet-173100.html
<![CDATA[News - Collaborate Corporation Ltd launches rental service for Uber drivers ]]> http://www.proactiveinvestors.com.au/companies/news/165671/collaborate-corporation-ltd-launches-rental-service-for-uber-drivers-70852.html Collaborate Corporation Ltd’s (ASX:CL8) shares were last trading about 17% higher for the day, after launching a rental car offering for UberX driver-partners in Brisbane and Melbourne.

The company's move into Brisbane was made possible by the state of Queensland making ride-sharing legal from today. Victoria legalised ride sharing last month.

Collaborate’s DriveMyCar ride-share rental offering for UberX driver-partners was launched in July 2016 in Sydney and the initial uptake has been very strong.

Capitalising on the growing demand for vehicles by UberX driver-partners, DriveMyCar platform will expand its rental base to provide a range of vehicles.

The vehicles will be sourced from an expanding base of supply partners, which include corporate fleets, automotive manufacturers and dealers in Sydney, Brisbane and Melbourne.

The addition of ride-share rentals in July 2016 was a considerable factor in DriveMyCar recording the second highest monthly ‘rental transaction value’ to date, which was a 9% increase on the previous month.

Notably, the business also posted the highest ever recorded ‘net rental days realised’ in July, representing a 15% increase compared to June 2016.

The company generated a total rental transaction value of $388,000 for the quarter ended 30 June 2016, a 41% growth compared to the same period in 2015.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 05 Sep 2016 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165671/collaborate-corporation-ltd-launches-rental-service-for-uber-drivers-70852.html
<![CDATA[News - Collaborate Corporation Ltd to offer ride share cars on Uber platform ]]> http://www.proactiveinvestors.com.au/companies/news/134507/collaborate-corporation-ltd-to-offer-ride-share-cars-on-uber-platform-69424.html Collaborate Corporation Ltd (ASX:CL8) has opened a new market for its vehicle rental service with an agreement to advertise these to UberX ride share driver/partners through Uber Marketplace.

Car owners are using the Collaborate platform to generate income from under utilised vehicles.

While UberX is a portal operated by Uber which offers low cost vehicle solutions.

Collaborate’s DriveMyCar business unit will start advertising ride share vehicle rental services to uberX ride share driver-partners on the Uber Marketplace.

The promotional arrangement with the largest ride share company in the world will allow DriveMyCar to leverage idle vehicles and meet the need for vehicles as demand moves from ownership to access.

Collaborate is focused on three core business segments - peer-to-peer car rental, caravan rental and peer-to-peer ‘rent anything’ platform.

DriveMyCar rental transaction value for May 2016 was $138,000, increasing 52% from May 2015. It was the second highest month recorded to date, behind only the seasonal peak month of December 2015.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 24 Jun 2016 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134507/collaborate-corporation-ltd-to-offer-ride-share-cars-on-uber-platform-69424.html
<![CDATA[News - Collaborate Corporation Ltd banks R&D refund ]]> http://www.proactiveinvestors.com.au/companies/news/134506/collaborate-corporation-ltd-banks-rd-refund-68915.html Collaborate Corporation Ltd’s (ASX:CL8) has received an Australian Government R&D tax incentive refund of $192,239 for the 2015 financial year.

The company received the incentive after spending in excess of $400,000 on R&D activities in relation to its peer-to-peer platforms in the 2015.

Collaborate operates a sharing economy businesses based on collaborative consumption.

The company is focused on three core business segments - peer-to-peer car rental, caravan rental and peer-to-peer ‘rent anything’ platform.

Collaborate’s gross revenues are growing, rising 35% to $147,000 in the March 2016 quarter, compared to $109,000 in the March 2015 quarter.

The funds from the R&D tax incentive will be used to grow and develop Collaborate’s peer-to-peer marketplaces and supplement the company’s working capital.

Earlier this month, the company had raised $99,000 from a share placement at $0.02 per share, a 11% premium over Collaborate’s last traded price.

Additionally, a company director has committed a further $200,000 investment on the same terms as the placement.

Collaborate had a cash balance of $204,000 as on 31 March, 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 30 May 2016 17:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134506/collaborate-corporation-ltd-banks-rd-refund-68915.html
<![CDATA[News - Collaborate Corporation Ltd to reveal fundraiser ]]> http://www.proactiveinvestors.com.au/companies/news/134505/collaborate-corporation-ltd-to-reveal-fundraiser-68391.html Collaborate Corporation Ltd (ASX:CL8) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Wednesday 4th May 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 02 May 2016 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134505/collaborate-corporation-ltd-to-reveal-fundraiser-68391.html
<![CDATA[News - Collaborate Corporation raises cash for peer-to-peer businesses ]]> http://www.proactiveinvestors.com.au/companies/news/134504/collaborate-corporation-raises-cash-for-peer-to-peer-businesses-66204.html Collaborate Corporation (ASX:CL8) has raised A$641,000 via an oversubscribed placement at A$0.021 per share to drive growth of the company’s peer-to-peer businesses.

Shares in the company were last trading at $0.022.

The fundraiser notably included the continued support of Collaborate leadership, with non-executive director Domenic Carosa subscribing for shares in the placement’s second tranche.

Proceeds will be used towards driving the growth of DriveMyCar, MyCaravan and Rentoid websites through marketing, public relations and product development activities.

This is expected to support the development and monetisation of the PeerPass platform and allow for the funding of investments that align with the company’s peer-to-peer strategy.

PeerPass was developed to empower peer-to-peer marketplaces to provide a safe and reliable environment for their customers to interact.

This service is achieved by managing connections to social networks, credit checks and fraud prevention as well as offering a forum for feedback and electronic signatures.

DriveMyCar, MyCaravan and Rentoid, meanwhile, are regarded are Australia’s leading peer-to-peer businesses for car, caravan and general rentals, respectively.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 16 Dec 2015 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134504/collaborate-corporation-raises-cash-for-peer-to-peer-businesses-66204.html
<![CDATA[News - Collaborate Corporation in ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/134503/collaborate-corporation-in-asx-trading-halt-66156.html Collaborate Corporation (ASX:CL8) is preparing to outline details of a capital raising, with the ASX granting the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Wednesday 16th December 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 14 Dec 2015 16:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134503/collaborate-corporation-in-asx-trading-halt-66156.html
<![CDATA[News - Collaborate Corporation leverages peer-to-peer services fast growth ]]> http://www.proactiveinvestors.com.au/companies/news/134502/collaborate-corporation-leverages-peer-to-peer-services-fast-growth-64583.html Collaborate Corporation (ASX:CL8) continues to roll ahead with its peer-to-peer businesses and on the look out for new investments.

In essence, peer to peer businesses enable the exchange of goods and services and in Collaborate's case for individuals and corporations to rent under utilised assets.

Airbnb comes to mind as an example of a market leader in the fast growth peer to peer accomodation rental market in the U.S., completely dominating and disrupting the hotel accomodation market.

The company raised $500,000 via a placement of shares at $0.02 with attaching options on a 1:2 basis to sophisticated investors for its marketing campaigns for DriveMyCar and MyCaravan.

Last month, the launch of the DriveMyCar product to corporate customers was able to build on rapid growth in the number of vehicles the company has available for rent nationwide.

DriveMyCar taps into private and company fleet vehicles that are under-utilised and sitting idle in garages and carparks around Australia.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 17 Sep 2015 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134502/collaborate-corporation-leverages-peer-to-peer-services-fast-growth-64583.html
<![CDATA[News - Collaborate Corporation launches corporate car rental business ]]> http://www.proactiveinvestors.com.au/companies/news/134501/collaborate-corporation-launches-corporate-car-rental-business-64181.html Collaborate Corporation’s (ASX:CL8) peer-to-peer car rental business DriveMyCar has launched a new product offering for corporate customers.

The launch of DriveMyCar: Business follows rapid growth in the number of vehicles the company has available for rent nationwide.

It taps into private and company fleet vehicles that are under-utilised and sitting idle in garages and carparks around Australia.

As the company does not own any of the vehicles, prices are up to 62% lower than traditional car rental firms.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 25 Aug 2015 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134501/collaborate-corporation-launches-corporate-car-rental-business-64181.html
<![CDATA[News - Collaborate Corporation sits atop Monday's most traded ]]> http://www.proactiveinvestors.com.au/companies/news/134500/collaborate-corporation-sits-atop-mondays-most-traded-62284.html Monday’s leading volume stocks on the ASX.

NameCodeLastChangeVolume Collaborate Corporation ASX:CL8 $0.032 0% 130,690,096 Smarttrans Holdings ASX:SMA $0.035 29.6% 106,058,656 Panaust Limited ASX:PNA $1.85 6.9% 67,660,498 Telstra Corporation ASX:TLS $6.05 -1.9% 44,261,867 Coretrack Limited ASX:CKK $0.008 0% 29,456,193 Petratherm Limited ASX:PTR $0.007 133.3% 26,841,564 Tiger Resources ASX:TGS $0.088 12.8% 24,487,358 Qantas Airways ASX:QAN $3.32 -2.4% 22,488,477 Flinders Mines ASX:FMS $0.015 0% 22,397,328 Galicia Energy Corporation ASX:GAL $0.009 -10% 21,739,710

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 12 May 2015 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134500/collaborate-corporation-sits-atop-mondays-most-traded-62284.html
<![CDATA[News - Collaborate Corporation raises $1.26M to develop collaborative consumption business ]]> http://www.proactiveinvestors.com.au/companies/news/134499/collaborate-corporation-raises-126m-to-develop-collaborative-consumption-business-60230.html Collaborate Corporation (ASX:CL8) has raised $1.26 million to advance development of its collaborative consumption business.

The funds were raised through a heavily oversubscribed placement of 63 million shares priced at $0.02 each to high net worth and institutional investors.

It plans to issue 31.5 million free attaching options exercisable at $0.02 per option and expiring 30 April 2017 on a 1 for 2 basis.

Proceeds will be used to advance the evolution of the company’s proprietary trust and reputation platform, enabling the company to launch into new peer-to-peer markets, and support marketing and PR activities for the soon to be re-launched DriveMyCar website.

The company seeks to follow in the footsteps of U.S. peer-to-peer businesses such as Airbnb, Uber, Lending Club and RelayRides that have recently seen extraordinary valuation increases.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 21 Jan 2015 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134499/collaborate-corporation-raises-126m-to-develop-collaborative-consumption-business-60230.html
<![CDATA[News - Qanda Technology readies to raise capital ]]> http://www.proactiveinvestors.com.au/companies/news/134498/qanda-technology-readies-to-raise-capital-58462.html Qanda Technology (ASX:QNA) recently outlined that its DriveMyCar Rentals business signed an agreement with Interleasing (Australia) Limited, a wholly owned subsidiary of McMillan Shakespeare (ASX: MMS).

The agreement is for Interleasing vehicles to be rented through the DriveMyCar Rentals peer-to-peer marketplace.

DriveMyCar is based on a system of vehicle owners to rent their cars securely to other drivers.

Under the agreement, late model ex-lease vehicles owned by Interleasing will be rented to private drivers via DriveMyCar Rentals.

This allows Interleasing to extend the income generating life of their vehicles and benefit from a secondary revenue stream.

Qanda is now heading to market with a capital raising. The ASX has granted the company a trading halt, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Wednesday 29th October 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 27 Oct 2014 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134498/qanda-technology-readies-to-raise-capital-58462.html
<![CDATA[News - Qanda Technology in pre-open pending capital raising details ]]> http://www.proactiveinvestors.com.au/companies/news/134497/qanda-technology-in-pre-open-pending-capital-raising-details-53357.html Qanda Technology (ASX: QNA) is heading to market with a capital raising, with the ASX granting the company a trading halt.

Qanda's shares are currently in pre-open.

The company creates and invests in technology that relates to collecting and consolidating raw data to provide meaningful information.

The halt will remain in place until the opening of trade on Thursday 6th March 2014, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 04 Mar 2014 10:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134497/qanda-technology-in-pre-open-pending-capital-raising-details-53357.html
<![CDATA[News - Qanda Technology to acquire DriveMyCarRentals.com.au ]]> http://www.proactiveinvestors.com.au/companies/news/134496/qanda-technology-to-acquire-drivemycarrentalscomau-49882.html Qanda Technology (ASX:QNA) has completed negotiations to acquire a 100% interest in Drive My Car Rentals (DMCR) which owns DriveMyCarRentals.com.au and associated assets.

The acquisition is subject to shareholder approval and signifies a broadening of Quanda's focus into an associated internet-based collaborative consumption platform.

Consideration for the acquisition will be the issue of up to 780,000,000 Quanda shares, or such a lesser number as agreed between the parties based on an independent experts valuation of DMCR to be commissioned as part of the transaction process.

A deferred consideration of 260,000,000 shares is subject to DMCR achieving an audited annual net profit before tax of at least $500,000 in any consecutive 12 month period in the 36 months following settlement of the proposed acquisition.

Following shareholder approval and completion of the acquisition, Qanda will undertake a 2 for 11 entitlement issue at $0.002 to raise up to $750,000, with $250,000 underwritten from interests associated with one of the incoming vendors.

DMCR operates Australia’s leading online marketplace for private car rentals, drivemycarrentals.com.au, which launched in 2010 and was one of the first peer‐to‐peer car rental businesses in the world.

It is a web‐based portal providing vehicle the ability earn income by renting their vehicle to others, founded on the principle of facilitating the sharing and utilisation of other people’s assets, a concept coined collaborative consumption.

The DMCR business is complementary to Qanda’s Marketboomer online marketplace business and provides synergistic benefits and strategic expansion opportunities.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 06 Nov 2013 10:47:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134496/qanda-technology-to-acquire-drivemycarrentalscomau-49882.html
<![CDATA[News - Qanda Technology ponders acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/134495/qanda-technology-ponders-acquisition-49563.html Qanda Technology (ASX: QNA) is preparing to announce an acquisition update, with the company granted a trading halt by the ASX. Its shares have been placed in pre-open.

Qanda previously stated it had been evaluating options to increase its market activity.

The company currently operates its MarketBoomer online marketplace software, and has recently focused its efforts on ramping up capability and capacity in China and South East Asia as they demonstrate the largest potential for growth and scale.

This has included investment in the functionality of MarketBoomer’s products to cater for local languages, with a priority of increasing its value to the global online marketplace.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 28 Oct 2013 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134495/qanda-technology-ponders-acquisition-49563.html
<![CDATA[News - Qanda Technologies on verge of new acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/134494/qanda-technologies-on-verge-of-new-acquisition-49483.html Qanda Technologies (ASX:QNA) will trade firmer after revealing it is in the final stages of reviewing an acquisition opportunity.

Qanda previously stated it had been evaluating options to increase its market activity.

The company currently operates its MarketBoomer online marketplace software, and has recently focused its efforts on ramping up capability and capacity in China and South East Asia as they demonstrate the largest potential for growth and scale.

This has included investment in the functionality of Marketboomer’s products to cater for local languages, with a priority of increasing its value to the global online marketplace.

Recent microcap technology stock acquisitions have been market stars, with Mnemon (ASX:MNZ) surging from $0.003 to $0.048 on the back of a proposed acquisition of Deals Direct, and Digital Performance Group (ASX:DIG) rising from $0.003 to $0.023 after continuing discussions to acquire Asia Pacific Digital.

Mnemon is currently trading at $0.027, and Digital Performance Group at $0.017.

Qanda is currently capitalised at $3.5 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 25 Oct 2013 09:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134494/qanda-technologies-on-verge-of-new-acquisition-49483.html