Sydney, Australia (ABN Newswire) - Leading big data solutions company Invigor Group Limited (ASX:IVO) ("Invigor") notes the announcement today by Agri-Trade Holdings Limited (ASX:AGH) about its proposed acquisition of Identity Verification Services Group ("IVSG").

- Agri-Trade Holdings proposes to acquire Identity Verification Services Group

- Invigor investee company My Verified ID Holdings subject to the proposed acquisition

- Invigor expects to receive $1.0 million cash plus shares in AGH - estimated profit of $1.2 million

Invigor's interest in IVSG stems from an investment in and secured loan exposure to My Verified ID Holdings Pty Ltd ("MVID"), a member of IVSG, making Invigor a co-vendor in the proposed transaction. The transaction is expected to deliver Invigor $2.0 million of value at completion, comprising cash of $1.0 million as well as shares in AGH.

Invigor has indicated conditional support for the proposed transaction and is reviewing the legal documentation with an expectation that the documentation will shortly be executed by all parties. Please refer to the attached announcement by AGH for additional details of the proposed transaction.

Invigor expects to record a profit over book value of approximately $1.2 million if the sale transaction completes as proposed and after receipt of expected amounts under the Deed of Company Arrangement entered into by MVID in June 2015.



About Invigor Group Ltd:

Invigor Group (ASX:IVO) (OTCMKTS:HYROF) uses its complementary suite of big data products to source, aggregate, analyse and publish content for the benefit of businesses and consumers. Today its interconnected data sets enable enterprise clients including retailers, brands, shopping centres and government bodies to identify and better understand competitors, consumers, markets and demographics while providing the consumer with the best value-for-money. Using its current products and a pipeline of additional offerings Invigor will have the ability to provide an end-to-end solution spanning sales, product management, business intelligence, marketing, advertising, content creation and distribution, while monetising each step of the process.




Source:

Invigor Group Ltd



Contact:

Gary Cohen
Chairman & CEO
+61 2 8251 9600

Matthew Wright
NWR Communications
+61 451 896 420
matt@nwrcommunications.com.au