TORONTO and TAMPA, Fla., June 04, 2025 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today issued a letter from Ryan Marshall, the Company’s CEO.
“Over the past year, Voxtur has undergone profound transformation in the face of relentless challenges both internal and external. While our most recent financial statements contain disclosures that may appear stark when viewed in isolation, the underlying reality is more nuanced.
From the outset, we acknowledged the difficult decisions that would be required, especially amid rapidly contracting mortgage and real estate markets. These headwinds have strained revenue and made our internal realignment a long and complex journey, not a quick fix. Through it all, our team has shown incredible resolve, working long hours and staying committed to preserving the trust of key partners such as our clients and creditors.
We have remained focused on long-term sustainability, not on short-sighted wins or unsustainable growth. The pressures we face including market-driven, operational, and legal, have required us to make hard pivots in order to protect what matters most: our people, our shareholders, and our creditors.
Today, many of our historical inefficiencies have been addressed. The total value of these cost reductions continues and has not yet been fully reflected in the financials. With that, we are moving forward with renewed focus and urgency to rebuild momentum and drive profitable growth. Subsequent to the first quarter of 2025, Voxtur's Executive Chairman waived his salary going forward, the financial impact of which will begin to be reflected in the second quarter of this year.
In addition, as part of the strategic review process initiated in January 2025, the Company has received multiple Letters of Interest. While transactions are inherently complex and require time to execute, we are encouraged by the progress made to date. These developments mark important steps toward securing a more sustainable debt structure and achieving positive EBITDA. These are key priorities in our efforts to preserve and enhance long-term value for all stakeholders.
We are aware that certain legal proceedings involving the Company have become a matter of public record through court filings. While we recognize there may be interest in these matters, in line with Company policy, and consistent with our obligations under applicable securities laws, we do not comment on ongoing legal matters outside of required disclosures.
We intend to hold a shareholder update and Q&A session at the appropriate time, subject to the timing of material developments and applicable disclosure requirements.
We remain driven by the opportunity to defy expectations. Our drive, combined with the resilience of the team and the potential of our platform, is what will carry us through this difficult time. Thank you for your continued patience and support.”
Sincerely – Ryan Marshall, Voxtur CEO
About Voxtur
Voxtur is a proptech company. The company offers targeted data analytics to simplify the multifaceted aspects of the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value real estate assets, providing critical due diligence that enables market participants to effectively originate, trade, or service defaults on mortgage loans. As an independent and transparent mortgage technology provider, the company offers primary and secondary market solutions in the United States and Canada. For more information, visit www.voxtur.com.
Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) which reflect the expectations of management regarding the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities. These forward-looking statements reflect management’s current expectations regarding future events and the Company’s financial and operating performance and speak only as of the date of this press release. By their very nature, forward-looking statements require management to make assumptions and involve significant risks and uncertainties, should not be read as guarantees of future events, performance or results, and give rise to the possibility that management’s predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities, including the duration, impact of and recovery from the COVID-19 pandemic, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information may include but is not limited to the anticipated financial performance of the Company and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: additional costs related to acquisitions, integration of acquired businesses, and implementation of new products; changing global financial conditions, especially in light of the COVID-19 global pandemic; reliance on specific key employees and customers to maintain business operations; competition within the Company’s industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions related to defaulted mortgage loans, and the failure of clients to send foreclosure and bankruptcy referrals in volumes similar to those prior to the COVID-19 global pandemic; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company’s dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein. Factors relating to the Company’s financial guidance and targets disclosed in this press release include, in addition to the factors set out above, the degree to which actual future events accord with, or vary from, the expectations of, and assumptions used by, Voxtur's management in preparing the financial guidance and targets.
This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Voxtur's common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.
Company Contact:
Jordan Ross
Tel: (416)708-9764
jordan@voxtur.com
