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KINATICO LTD — Capital/Financing Update 2021
Mar 21, 2021
65209_rns_2021-03-21_adc5dc75-44fa-4fe2-8e6a-790a72eb5177.pdf
Capital/Financing Update
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ASX RELEASE ASX: CV1
23 March 2021
Manager Announcements Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000
CVCheck – best sales on record, Bright acquisition on schedule
Highlights
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Strong trading conditions during February resulted in a new all-time record month of sales and the 12-month booked ARR
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New wins and order strength from pre-existing customers are driving strong sales growth
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March sales continue strong
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Bright People Technologies acquisition on schedule to close in April
CV Check Limited (‘CV1’ or ‘the Company’) is pleased to provide this brief update on recent trading conditions.
CV1 CEO, Rod Sherwood , said : “A very strong couple of months have kicked off the calendar year. A strong January was followed by new all-time revenue records being set in February for both a single month of sales and the booked 12-month ARR. Growth is being driven by both new customer wins and high order flow from long standing customers who are active in bringing on new hires and re-compliance screening. March sales volume as experienced to date continues to be very strong.
The Bright People Technologies transaction is on schedule with settlement expected to take place in early April.”
-ENDS-
Released with authority of CV1 Disclosure Committee.
For further information, please contact:
Rod Sherwood, CEO [email protected] +61 427 497 039
About CV Check Ltd : CV1 is an expanding business with growing revenue streams through the provision of its check products to employers, industry associations and individuals via the CVCheck brand on its proprietary online platform cvcheck.com. The Company has been operating for more than 10 years and in the process has developed a world-class online platform providing a comprehensive range of checks across the globe. CV Check Limited is a listed public company quoted under the ticker CV1 on the Australian Securities Exchange (ASX).
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