Linkury

growth-positive

Medigus Ltd has entered into a memorandum of understanding with Linkury Ltd to establish a commercial technological platform for the manufacturing, marketing, and distribution of cannabidiol based (CBD) products. The two companies will also explore the formation of an international advertisement company as part of a joint venture. Medigus first investment in the CBD field aligns with the companys strategy to bring value to its shareholders. Linkury is a leading company in online advertising and is wholly owned by Algomizer Ltd. Both companies specialize in internet marketing and have annual sales of approximately NIS 160 million for 2018. The joint venture will involve an investment of up to $500,000 and will be owned equally by Medigus and Linkury.

growth-positive

Algomizer, a publicly traded company, announced that its subsidiary Linkury has received approval for a merger with Exomode. The merger will streamline the businesses and result in cost savings. The merged company has also received Preferred Technology Plant status, which will reduce its corporate tax rate. The tax arrangement is expected to lead to a reduction in operating and tax expenses. Linkury, the profitable subsidiary, is active in internet advertising and software development. Algomizer saw revenues of over NIS 66.5 million and gross profit of NIS 18.6 million in the first half of 2018. The CEO of Algomizer, Noam Band, announced his intention to purchase shares of the company from the public.

growth-positive

Algomizer Group, a public company traded on the Tel Aviv Stock Exchange, reports positive growth in revenues and business results in the first quarter of 2018. The company acquired Linkury and its subsidiaries last year, leading to an increase in revenues. The estimated revenues for Q1 2018 amounted to $9 million, with expenses totaling $7.9 million and a quarterly profit of $1.1 million. The company expects its annual revenues to meet or exceed its forecast. Additionally, there has been an increase in the use of the companys products, as indicated by the number of searches performed. In Q1 2018, there were 121 million searches, a 36% increase compared to Q1 2017.

growth-positive

Algomizer Group reports its 2017 financial results, which include the effects of the acquisition of Linkury. The consolidated statements show an impressive growth of revenues to NIS 58.6M, a 7,700% growth compared to H2 2016. Linkurys revenues in 2017 amounted to NIS 106M, indicating a 52% growth compared to 2016. Algomizer released a forecast of Linkurys revenues for 2018, estimating an additional growth to reach NIS 137M. Algomizer Groups loss since the acquisition decreased 60% and amounted to NIS 5M. The operational loss included non-cash flow expenses related to the financing of the Linkury acquisition. Algomizer is encouraged by the continuous growth trend and predicts further growth and profitability.

growth-positive

Algomizer, a public company traded on the Tel Aviv Stock Exchange, has completed the acquisition of Linkury Ltd. for $11M plus options. To finance the transaction, Algomizer signed investment agreements of approximately $11M with leading investors. Linkury operates in the online advertising industry and is expected to contribute to Algomizers growth. The CEO and founder of Linkury will retain his position and become an Algomizer shareholder. Algomizer believes that the acquisition will significantly accelerate its growth and increase its sales.