Customer Login | Investors | New Register | News | Contact Us | Careers | Home  

PFO Global Group Finalize the Investment Agreement with Grenville

Recent News
PFO Global Names Christina Jones as National Sales Manager at Annual Sales Meeting
PFO Global Launches Industry First Disruptive Online Model Aimed at High Growth Revenue Opportunity
PFO Global Announces New Ticker Symbol
PFO Global Releases Letter to Shareholders
PFO Global, Inc. Completes Merger and $4.0 Million Financing
PFO Global Strengthens Management Team
PFO Global Announces New Director of Sales
PFO Global Names Successor - Executive Assistant/Marketing Communications Coordinator
PFO is Proud Supporter of Primary Eyecare Network’s Partners
PFO Global Group Finalize the Investment Agreement with Grenville
Resolution Lenses
Protect Your Eyes Anytime, Anywhere With The New iBlu™ Coat
PFO Global Acquires Optima Inc Assets
PFO Global Opens European Office
PFO Global Continues to Expand R&D
PFO Global and VSP Optics Group collaborate on digital lens fitting
PFO Global announced moved its headquarters to a larger location
Launch of new HD Dispensing Technology for eye and face measurement
PFO Global Introduces New Brand
PFO Global, the worldwide eyewear and technology supplier has shifted gears
PFO Global Announces Further Expansion of its Management Team
PFO Introduces Upgrade® Single Vision & Free Form Line
PFO Global launches ProFitCalc and SmartEyewear at international Vision Expo East
PFO Global Management Expansions
PFO Names Industry Veteran as VP of Manufacturing
PFO Announces New Supply System
International Industry Veteran Appointed to Top Post at PFO Global
February 27, 2014

       Irving, TX - PFO Global Group is pleased to announce that it has completed a agreement with Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville”) for the purchase of a gross sales royalty from Pro Fit Optix Holding Company, LLC, doing business as PFO Global Group (“PFO”), for a purchase price of USD $1 million, with an option, at Grenville’s election, to advance an additional USD $500,000. In exchange for these advances, Grenville will receive a royalty based on PFO’s gross revenues within Grenville’s targeted 1% - 4% royalty range, subject to certain adjustments.

PFO is engaged in the manufacturing and distribution of eyewear through proprietary manufacturing, ordering and delivery systems that reduce cost to eyewear providers and offer a broader range of choice to participants in the United States Medicaid and Medicare programs. PFO is poised to participate in this rapidly growing market following implementation of the Affordable Health Care Act in the United States.

Grenville CEO Bill Tharp commented: “PFO fits our investment profile, with a world class team led by Chairman Charles Posternack, MD and CEO Rudolf Suter, and a robust high growth revenue pipeline. We see PFO as a solid opportunity to diversify our royalty portfolio into the health care marketplace, where recent legislative trends in the United States are creating a major shift in the market. We believe that PFO’s combination of software, products and service are ideally suited to take advantage of that change. Additionally, this investment, which is intended to produce both a return on investment to Grenville and a cost to PFO that falls between what would traditionally be expected in a debt or equity financing, represents the sixth royalty based financing completed by Grenville, but is the first made with capital received as a result of the company’s recently completed business combination with Troon Ventures Ltd., which we committed to put to work as soon as practical”.

About Grenville
Grenville is a Toronto-based company that was formed to provide royalty-based finance solutions by acquiring revenue streams generated by growing industrial and technology businesses. Grenville has identified a large and underserviced finance market for companies generating up to $50 million in revenue, many of which are well managed and generating improving cash flow, but face difficult financing hurdles from traditional debt and equity markets. The non-dilutive royalty financing structure offered by Grenville can bridge the financing needs of these companies until traditional debt or equity is available to them on more attractive commercial terms. The application of Grenville’s royalty financing structure into sectors not traditionally serviced by royalty companies represents a new and innovative financing model - Capital Simplified - that has already attracted a considerable number of opportunities with attractive potential returns.

About PFO Global
PFO Global is an innovative manufacturer of advanced lens designs, complete eyewear and mobile dispensing equipment. PFO is in its fifth year of operation and supplies finished eyewear products for US healthcare entitlement programs, the largest being Medicaid. With interactive manufacturing systems that connect the world, complete material fulfillment systems and a proprietary online ordering system, PFO is focused on meeting today’s economic needs with tomorrow’s technology. Headquartered in Irving Texas with high capacity manufacturing facilities and R&D centers around the world, PFO is committed to optical technologies that enhance the quality of life and transform business.

For more information, contact Claudine Williams, Email Claudine