InsuraGuest Grows Short-Term Rental Guest Programs Revenues 68% Over Last Year, Closes Rights Offering and Announces New Customer
InsuraGuest Grows Short-Term Rental Guest Programs Revenues 68% Over Last Year, Closes Rights Offering and Announces New Customer
In order to strengthen the Company's balance sheet and continue driving high growth for the vacation rental coverage product, the Company completed a rights offering for gross proceeds of CAD $813,111 on May 10, 2024 and settled $606,5640 of accounts payable and accrued liabilities with the issuance of common shares on April 16, 2024.Vancouver, British Columbia--(Newsfile Corp. - May 30, 2024) - InsuraGuest Technologies, Inc. (TSXV: ISGI) (OTCQB: ISGIF) ("InsuraGuest" or the "Company"), announces its financial results for the nine months ended March 31, 2024, a successful close of a rights offering and new customer acquisition.
加拿大不列顛哥倫比亞省溫哥華——（Newsfile corp. - 2024年5月30日）——InsuraGuest科技公司（tsxv：ISGI）（OTCQB：ISGIF）（"InsuraGuest"或公司），宣佈了截至2024年3月31日的9個月的財務業績報告，成功完成了權益發行和新客戶獲取。
InsuraGuest Technologies Inc. is a publicly traded Canadian insurtech (insurance + technology) software company ("ISGI") with offices in Vancouver, British Columbia and Salt Lake City, Utah. The Company is generating revenue from hospitality and participant event insurance and other products delivered through its insurtech software platform along with developing future insurance solutions. The products in combination with our platform deliver specialized Hospitality Liability and Sports & Events Activity coverages to our member properties. With InsuraGuest custom coverages, properties benefit from an additional layer of protection should a guest experience an accident or theft while staying at an InsuraGuest-covered hotel or vacation rental property or participating in a covered event.
InsuraGuest科技公司（ISGI）是一家公開交易的加拿大保險科技（保險+科技）軟件公司，總部設在不列顛哥倫比亞省溫哥華和猶他州鹽湖城。該公司通過其保險科技軟件平台提供通過其他產品交付的酒店和參與者活動保險以及正在開發的未來保險解決方案，從而產生收入。該組合中的產品和平台提供專業的酒店責任和體育運動活動覆蓋，爲我們的成員物業提供保障。在InsuraGuest的定製覆蓋範圍內，物業在InsuraGuest覆蓋的酒店或度假出租物業住宿期間或參加覆蓋活動時，將受益於額外的保護層。
During the nine months ended March 31, 2024 the Company continued to grow our product sales and added new vacation rental properties generating a 68% year-over-year revenue increase for the nine months ended March 31, 2024.
在截至2024年3月31日的9個月內，公司繼續增長產品銷售，並增加了新的度假出租物業，導致截至2024年3月31日的9個月的收入同比增長68%。
In order to strengthen the Company's balance sheet and continue driving high growth for the vacation rental coverage product, the Company completed a rights offering for gross proceeds of CAD $813,111 on May 10, 2024 and settled $606,5640 of accounts payable and accrued liabilities with the issuance of common shares on April 16, 2024.
爲了加強公司資產負債表，繼續推動度假出租覆蓋產品的高增長，公司於2024年5月10日完成了權益發行，募集了813,111加元的總收益，並於2024年4月16日以發行普通股的方式償還了606,5640加元的應付賬款和應計負債。
Recently we also signed an agreement with Lake Lawn Resort in Delavan Wisconsin for coverages InsuraGuest offers. We anticipate generating revenue from our products use at Lake Lawn properties beginning in June.
最近，我們還與威斯康星州德拉凡的Lake Lawn度假村簽訂了一份協議，涵蓋了InsuraGuest提供的保障。我們預計從6月開始，在Lake Lawn酒店使用我們的產品會產生收入。
"We continue to maximize our technology solutions by adding and growing a significant number of vacation rental properties over last year. Our insurtech technology stack and products continue to be recognized as an industry leader in the vacation rental, hotels, and participant events sectors. This path will allow our customer base to grow and create additional revenue well into the future," states Reed Wright InsuraGuest's President.
Reed Wright，InsuraGuest的總裁表示："我們繼續通過去年增加和擴大度假出租物業的數量，來最大限度地利用我們的技術解決方案。我們的保險技術堆棧和產品在度假出租、酒店和參與者活動等領域繼續被認爲是行業領先者。這條道路將使我們的客戶群壯大，並創造未來的額外收入。"
About InsuraGuest Technologies Inc.
關於InsuraGuest科技公司
Harnessing the Power of Technology to Reinvent Insurance
通過發揮技術的力量重新定義保險
InsuraGuest Technologies (TSXV: ISGI) (OTCQB: ISGIF) is an insurtech (insurance + technology) company providing its short-term rental insurance products to vacation rentals, sports and ticketed events, hotels, and resorts.
InsuraGuest科技公司（TSXV：ISGI）（OTCQB：ISGIF）是一家保險科技公司，爲度假出租、體育票務活動、酒店和度假村提供短期租賃保險產品。
CA / LIC: 6001686
加/許可證：6001686
For more information, visit the company's website at: .
欲了解更多信息，請訪問公司的網站：。
The Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. There is no assurance that this new business product offering or other planned products will be successful. The insurance and hospitality industries face increasing, and every-changing governmental regulation. The insurance industry is intensely competitive, and the Company's competitors have significantly more resources than the Company. Acceptance by potential customers is difficult to predict, particularly in the case of new products and disruptive technologies. If the Company fails to achieve market acceptance, this will significantly impact its results and financial resources. Achieving market acceptance may require advertising budgets that exceed the Company's current resources and require the Company to seek additional debt or equity financing. There is no assurance that such financing will be available at reasonable prices or at all.
本新聞稿中提供的信息包含根據本新聞稿發佈日期的假設的前瞻性陳述。這些陳述反映了管理層的當前估計、信念、意圖和期望。不能保證該新業務產品或其他計劃中的產品將成功。保險和酒店行業面臨着不斷增加、不斷變化的政府監管。保險行業競爭激烈，公司的競爭對手擁有的資源顯着超過公司。潛在客戶的接受程度很難預測，特別是對於新產品和顛覆性技術而言。如果公司無法獲得市場認可，這將顯著影響其業績和財務資源。獲得市場認可可能需要超出公司當前資源的廣告預算，並需要公司尋求額外的債務或股權融資。不能保證此類融資將以合理的價格或根本不可用。
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
TSX Venture exchange和其監管服務提供商（按照TSX Venture exchange的定義）不承擔此發佈的充分性或準確性的責任。
Company Contact:
InsuraGuest Technologies, Inc.
Media Relations
Reed Wright
media@InsuraGuest.com
公司聯繫人：
InsuraGuest科技公司
媒體關係
Reed Wright
media@InsuraGuest.com
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