REG-Clear Leisure Plc: ForCrowd Business Update

Quantum Blockchain TechnologiesAnnouncement

26/05/2020 07:05

                                                                                                       
26 May 2020

Clear Leisure Plc
(“Clear Leisure” or “the Company”)

ForCrowd Srl Business Update

The board of Clear Leisure (AIM: CLP) is pleased to provide shareholders with
an update on the progress of the Company’s investment in ForCrowd Srl
(“ForCrowd”).

Despite the disruption caused by Covid-19 pandemic, the first equity
crowdfunding campaign for B4TECH srl, went live on 19 May on the ForCrowd
(Milan) regulated crowdfunding platform.

B4TECH srl, a digital technology company, has developed two application
platforms within the new concept of digital ecosystems. These being: 

·    “B-SMART 4.0” which provides installation, technical support and
maintenance of household appliances and equipment, providing material cost
savings for the consumer. Artificial Intelligence (AI) tools are a key
component of the platform

·    “CONCEPT STORE 4.0” is a set of tools helping to create new
shopping experiences, based on the merging of “physical and digital”
shopping.

The minimal funding target is €250,000, with a maximum fundraising target of
€500,000.

Francesco Gardin, Clear Leisure CEO and Chairman of ForCrowd, commented: “I
am extremely pleased for the first equity crowdfunding campaign to have been
launched, despite all the difficulties caused by Covid-19.

“The high digital technology standards of this innovative startup should
attract, we believe, sufficient investors to meet the equity crowdfunding
minimal target. Several other startups, currently under evaluation, have been
lined-up to launch their campaigns on ForCrowd.

“Moreover, the tax relief for Italian investors in innovative startups, as
in the case of B4TECH, as of this month has been increased from 30% to 50%,
effectively making this kind of investment extremely attractive.”

-ends-

For further information please contact:

Clear Leisure Plc   +39 335 296573
Francesco Gardin, CEO and Executive Chairman

SP Angel Corporate Finance (Nominated Adviser & Broker)   +44 (0)20 3470
0470
Jeff Keating
                                                                                                       
 

Leander (Financial PR)   +44 (0) 7795 168 157
Christian Taylor-Wilkinson

About Clear Leisure Plc

Clear Leisure plc (AIM: CLP) is an AIM listed investment company which has
recently realigned its strategic focus to technology related investments, with
special regard to interactive media, blockchain and AI sectors. The Company
also owns shareholdings in a number of historic investments primarily in the
Italian real estate companies, which it is currently seeking compensation
through court action.

For further information, please visit, www.clearleisure.co.uk



Copyright (c) 2020 PR Newswire Association,LLC. All Rights Reserved