Denver, Colorado—April 11, 2018: PR Newswire
Global Technology Resources Inc. (GTRI) announced today it will be changing its name to Zivaro Inc. In October of 2017, AG Acquisition Group, Inc., which changed its name to ZIVARO Holdings, Inc. in January of 2018, announced a definitive merger agreement with GTRI, wherein GTRI will merge with a wholly owned subsidiary of ZIVARO Holdings, Inc., with GTRI surviving and continuing its operations as wholly owned subsidiary of ZIVARO Holdings, Inc. ZIVARO Holdings, Inc. is a special purpose acquisition company sponsored in part by investments from National Community Development Fund (NCDF).
The operating name of Global Technology Resources, Inc. will be changed to Zivaro, Inc., to reflect its association with the new parent company, ZIVARO Holdings, Inc.
“We are very excited to continue moving on this journey of change including the new branding around Zivaro” stated Greg Byles, CEO of GTRI. “For twenty years we have been successful in organically growing the business and building a solid foundation. This new relationship will allow us to scale our practices, build exciting new capabilities and drive unique value and innovation to our customers in the digital transformation age” he continued.
More than different, ZIVARO is NEW.
With management and investment support from NCDF and other investors introduced by Newbridge Securities, Zivaro will be a well-capitalized platform creating new and unique threads of comprehensive business value driven through specific vertical industries.
John Vasquez, CEO of NCDF and ZIVARO Holdings, Inc. comments: “NCDF has been selectively evaluating the purchase of a technology platform to combine delivering the ideal combination of our consulting experience and seasoned human capital that has a vast experience to drive technology transformation. With the acquisition of GTRI, soon to be Zivaro, Inc., this platform will provide the cornerstone of our technology portfolio which will consist of small to medium‑sized enterprises. This ushers in a new era of multiplied value to our customers, partners and the broader market.”
GTRI provides industry-leading consulting and technology services to help clients realize multiplied business value from their technology investments. With deep roots in hybrid IT, cloud, security, collaboration and analytics technologies, GTRI delivers a broad spectrum of strategic and operational services across vertical industries.
National Community Development Fund, LLC (NCDF) is a minority-owned and operated Small Business Impact Fund (SBIF), with accelerator offices based in Denver, Colorado. NCDF provides capital resources (equity, debt, loans) and growth advisory services to mission-driven businesses nationwide. The firm invests in and advises impact-oriented companies within high-growth economic industry sectors.
For more information please visit, www.gtri.com
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Forward Looking Statements
This press release includes certain information that may constitute forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. Forward-looking statements are typically identified by terminology such as “could,” “may,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “proposed,” “planned,” “potential” and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about ZIVARO Holdings, Inc. and GTRI’s beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although ZIVARO Holdings, Inc. and GTRI believe that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. Many factors could cause actual results to differ materially from the statements made, including costs related to the proposed merger, the risk of failing to satisfy conditions to the closing of the transaction, the risk that the transaction will not close or that closing will be delayed, the risk that our respective businesses will suffer due to uncertainty related to the transaction, other risks related to our respective businesses, and those factors detailed from time to time in filings made by ZIVARO Holdings, Inc. with the Securities and Exchange Commission and other regulatory authorities. ZIVARO Holdings, Inc. and GTRI caution investors that any forward-looking statements by the either ZIVARO Holdings, Inc. or GTRI are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in ZIVARO Holdings, Inc.’s securities should not place undue reliance on forward-looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. Neither ZIVARO Holdings, Inc. nor GTRI assume any obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.