BINOVI TECHNOLOGIES CORP - BNVIF STOCK NEWS

Binovi Technologies has announced that the unsolicited offer from Captiva Verde Wellness Corp. to acquire its shares has been terminated. The decision follows Captiva's news release on August 19, 2021, indicating that no significant communication occurred between the two parties prior to the cancellation. Binovi emphasizes that it has no material facts related to the proposal. The company continues to focus on its neuro-vision performance technology and SaaS-based solution, which is utilized in over 20 countries to enhance cognitive and visual performance.

Binovi Technologies Corp. has responded to an unsolicited acquisition bid from Captiva Verde, offering CDN $0.07 per share, representing a 75% premium on Binovi's closing price as of August 14, 2021. The company will establish a Special Committee to evaluate the bid and will update shareholders after the review, expected within 48 hours. Interim CEO Tania Archer stated that it's premature to assess the bid's merit. Binovi focuses on neuro-visual technology for cognitive performance training, catering to students and sports performance.

Binovi Technologies Corp. (OTCQB:BNVIF) reported a 25% revenue growth in Q4 compared to the previous year, attributed to a growing sales pipeline in the U.S. and Canada as COVID-19 restrictions ease. Despite a 5% overall annual revenue increase, longer sales cycles were impacted by the pandemic. Interim CEO Tania Archer highlighted strong momentum, especially in the sports performance sector, and is optimistic about a new education study set to enhance market presence. The company leverages a neuro-visual performance platform utilized in over 20 countries.

Binovi Technologies announced significant leadership changes effective immediately, with Tania Archer appointed as Interim CEO following Adam Cegielski's resignation. The company aims to shift focus towards commercial growth and revenue generation. Archer has played a crucial role in the company, contributing to a more than doubled revenue in Q3 2020 and securing key partnerships. The board is now majority independent, emphasizing enhanced governance. Additionally, the company is addressing a management cease trade order related to delayed financial statements, expected to be filed by July 27, 2021.

Binovi Technologies (OTCQB:BNVIF) is targeting the burgeoning eSports market, projected to reach $6.82B by 2027. With a CAGR of 20% from 2021 to 2026, the demand for vision-enhancing technologies among eSports athletes is expected to rise. The Binovi Platform aims to improve athletes' vision skills, supporting their performance and potential financial rewards. The launch of Binovi Touch Elite allows users to enhance skills like hand-eye coordination. Pre-orders are available at a special introductory price, emphasizing their commitment to the eSports community.

Binovi Technologies Corp. (TSXV:VISN)(OTCQB:BNVIF) announced an expansion of its partnership with Bernell Corporation to enhance its product offerings in the behavioral optometry and vision training sectors. Bernell will continue as the authorized distributor for Binovi Touch and the exclusive North American distributor for Binovi Kit, alongside the newly acquired Computer Aided Vision Therapy (CAVT) product. Significant packaging improvements for Binovi Kit are also planned based on customer feedback. This partnership aims to address the growing demand for Binovi's advanced neuro-visual cognitive technology.

Binovi Technologies Corp. has launched the web-based version of Binovi Touch for over 800,000 families in the Babe Ruth League, enhancing vision and cognitive performance for athletes and coaches. The company is also introducing Binovi Touch Elite, a redesigned, portable hardware version. This initiative aims to expand market reach and improve youth sports experiences. Binovi Touch Elite is available for preorder at an introductory price of $4,595. The promotion is valid until July 15, 2021. The technology supports key vision skills training and provides real-time performance insights.

Binovi Technologies Corp. (OTCQB:BNVIF) has announced an update on its Sanet Vision Seminar Series, part of the Binovi Academy. The eLearning module features over 100 hours of video from a renowned seminar aimed at enhancing the skills of behavioral vision therapists. The series, led by experts Dr. Robert Sanet and Dr. Leonard Press, includes key topics like diagnosis, treatment techniques, and practice management. The eLearning market is projected to reach $660 billion by 2027, indicating strong growth potential following the COVID-19 pandemic.

Binovi Technologies Corp. (OTCQB:BNVIF) strengthens its association with the John McEnroe Tennis Academy by enhancing tennis training programs with Binovi Sports Vision Training, led by Dr. Anne Hanna. The partnership focuses on leveraging neuro-visual technology to improve athletes' performance through advanced training methods. Binovi emphasizes the importance of visual processing in sports, suggesting that enhancements in visual skills can significantly impact competitiveness. The company aims to expand its vision performance products across youth sports academies.