Parvis Enters into MOU With Dolphin Enterprises
October 23, 2023 11:41 AM EDT | Source: Parvis Invest Inc.
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2023) - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company"), a technology-driven real estate company focused on supporting issuers and broadening access to institutional quality investment opportunities, today announces a new partnership with Dolphin Enterprises Ltd. ("Dolphin").
Headquartered in Vancouver, Dolphin has been providing Canada's MICs and Canadian alternative lenders with a complete end to end accounting, mortgage, and investment management software for over 20 years. Dolphin's full end to end accounting software solution ensures data accuracy and business efficiency including back-end transactional compliance-based reports and business analytics.
"We are pleased to partner with Parvis to provide EMD and compliance solutions for MICs and all Canadian alternative lenders. Offering an integrated platform and service for clients to raise and manage investors, this partnership provides technology and efficiency for managing exempt equity in the alt lending space," states Dolphin's CEO, Shannon Dolphin. "Parvis has a growing client network of MICs that utilize its EMD services for raising and managing exempt capital. The integrated platform will enhance their clients' experience by providing complementary services."
"We are thrilled to share the news of our partnership with Dolphin, a step forward in fulfilling our mission to support issuers such as MICs to efficiently process investments and to facilitate access to quality investment opportunities to a wider audience," expressed David Michaud, Parvis' Chief Executive Officer. "Dolphin has a robust client network of MICs that utilize its enterprise software for client accounting and reporting. Our work together will grant us the opportunity to provide seamless digital regulated EMD solutions to users of Dolphin's leading software. We look forward to working closely with their team."
As part of their collaboration, Parvis and Dolphin will support one another on two main areas. First, they will contribute to mutual client referral with the aim of strategic growth across both businesses. As such, both companies will be promoting their complimentary service offering - Parvis' EMDSolutions services and Dolphin's MIC Management solution. Second, they will work on integrating their software offers, and developing a simple and seamless trade processing and reporting system.
About Parvis
Parvis is a technology-driven investing platform. Focused on broadening access to institutional quality investment opportunities, Parvis promotes greater access in this historically inaccessible and illiquid asset class. Parvis makes finding, tracking, and maximizing investments an experience that is both frictionless and empowering. Parvis Fintech Inc., a wholly owned subsidiary of Parvis, is registered as an Exempt Market Dealer in each of the Canadian Provinces. 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.
About Dolphin Enterprises
Dolphin Enterprises created the first MIC Manager software on the market and has been supplying Canadian private lenders with customized solutions since 2002. The system was designed for Canadian Trust Companies providing a sophisticated, configurable and customizable back-end for Canadian Private Lenders. Working closely with clients for over 20 years, , the system has been expanded directly as a result of client and industry changes delivering a robust and complete end-to-end software solution. Dolphin, with its MIC and Syndicated Manager , is the only private lending solution with a true chart of accounts and accounting back-end solution. MIC Manager with an accurate true cash management system provides true real time analytical reports for full portfolio analysis and effective underwriting decisions. Additional information is available at info@dolphinent.com and www.dolphinent.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, please contact:
David Michaud, CEO, Parvis Invest Inc.
Email: david@parvisinvest.com
Tel: 1-844-487-4866
For media inquiries, please contact:
Claudia Labelle, August Strategy Inc.
Email: claudia@auguststrategy.com
SOURCE: Parvis Invest Inc.