Ann: NowForce Partnership and Capital Raising, page-2

Velpic Signs Transformational Deal with NowForce and Proposed Capital Raising
● Velpic signs transformational partnership with disruptive Israeli SaaS security software company NowForce to bring online learning to the global $220bn1 Security Sector
● Velpic and NowForce to integrate their platforms to provide a value-added solution to new and existing clients of both platforms
●NowForce to sell the integrated solution internationally with 100+ existing clients including Multinationals, USA Federal Agencies and a number of North America’s most prestigious Universities
● NowForce chooses Velpic as its sole distributor in Australia & New Zealand to service the growing $8.8b2 Australia & New Zealand Security Industry
● Velpic recurring revenues set to grow with contributions from both Velpic SaaS and NowForce SaaS sales in Australia & New Zealand directly and globally through NowForce and its Partners reselling Velpic integrated into the NowForce platform
● Velpic to take part in NowForce’s current fund-raising by acquiring approximately 5% of NowForce for US$1m
● Velpic to undertake a 2 stage AU$3.14m capital raise with funds used to acquire a stake in NowForce, launch NowForce in Australia & New Zealand and integrate the two products
● A top-tier Australian University with more than 28,000 students and 1,800 staff has already purchased NowForce to manage campus security and will become the first customer of the new partnership


Ummm... what?!