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NVI.V - Novra Technologies Inc.

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By mrduediligence

Posted: Friday Aug 5 9:39:47AM 2016

Novra Tech unit's initial orders total more than $3M

2016-08-05 10:29 MT - News Release

Mr. Steven Archambault reports


International Datacasting Corp., part of the Novra Technologies Inc. group of companies, has received the purchase orders for the contract reported in yesterday's news release titled, "International Datacasting wins multimillion-dollar contract for major national radio network."The initial orders are in excess of $3-million, with shipments scheduled to commence late in the third quarter. The term of the contract begins immediately and up to July 24, 2017.

The orders include head-end equipment and satellite receivers, as well as related network management, encryption and IDC's targeted content distribution system. IDC expects to complete delivery on these orders over the next six months.

IDC president and chief financial officer Steven Archambault said: "It is great to have these orders in hand. Our team is looking forward to delivering on schedule and with the high quality for which we are known industry wide."

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

By mrduediligence

Posted: Thursday Aug 4 2:27:18PM 2016

Novra's IDC signs multimillion-dollar contract

2016-08-04 15:09 MT - News Release

Mr. Steven Archambault reports


International Datacasting Corp. has entered into a multimillion-dollar contract with a major North American radio broadcast network for its next-generation audio system. The customer declined to be named due to the organization's long-standing policy.

The contract includes products and services for two geographically diverse uplinks/headends supporting secure distribution of 188 audio channels and 1,000 receivers. The system incorporates audio encoders, network management, encryption and IDC's targeted content distribution platform. The new network is scheduled to roll out this calendar year.

© 2016 Canjex Publishing Ltd. All rights reserved.

By mrduediligence

Posted: Tuesday Jul 26 7:54:35PM 2016

Novra appoints Gair COO, Archambault CFO


2016-07-26 17:13 MT - News Release


Mr. Harris Liontas reports


Novra Technologies Inc. has made changes to its management team following its merger with International Datacasting Corp. (IDC).

Novra's board of directors has appointed Patricia Gair to the newly defined role of chief operating officer (COO), in which she will oversee the internal operations of the company and lead special strategic initiatives. Ms. Gair holds a BSc in electrical engineering from the University of Manitoba and is also a chartered professional accountant, CMA. Prior to joining Novra, where most recently she has served as director of operations and chief financial officer, Ms. Gair held technical and leadership positions in manufacturing, engineering, software development, information technology, quality assurance and customer service at several organizations, including IBM Canada, Infocorp Computer Solutions and Continental Healthcare.

Effective July 25, 2016, the board of directors also appointed Steven Archambault as the chief financial officer (CFO) of Novra, and he will also serve as the president and chief financial officer of Novra's wholly owned subsidiary, IDC. Mr. Archambault brings to Novra a wealth of experience in corporate finance, treasury, financial planning and analysis, mergers and acquisitions, and corporate tax. He was previously the CFO and interim chief executive officer of IDC. He is a chartered professional accountant, CA, with over 20 years of progressive experience in finance and senior leadership positions, including six years with a public company listed on the New York Stock Exchange.

Additionally, within its IDC subsidiary, the company has taken steps to strengthen its sales and business development team. Gary Carter, previous vice-president of sales, has moved into the key role of vice-president, business development and products, where he will build on his history as a strategic contributor to the success of IDC's products and customers over the past 28 years.

IDC is also pleased to announce that Diana Cantu has joined the company as its new vice-president, corporate marketing and sales. Ms. Cantu will be responsible for leading the marketing and sales team for the Novra group of companies. Ms. Cantu previously worked at IDC for more than 10 years developing its Latin America market and later leading IDC's work in the United States. She was instrumental in expanding IDC's business in digital cinema, IPTV, broadcast radio and television, distance learning, and government applications. She also brings extensive experience in business development for other organizations within this and adjacent markets.

Ms. Cantu commented: "I'm excited to be back at IDC, we have an excellent core group of people, solid technology and an impressive customer base. This is an exciting moment in our industry as new applications for satellite and hybrid networks move to the fore. It's a great time to be in the content distribution business."

These appointments are expected to provide a sound foundation for a seamless merger integration of the two companies while continuing with uninterrupted service to global customers.

"I'm very pleased that we have made these changes to augment our already-strong leadership team and position Novra well for the future. Patti is an outstanding leader, who has demonstrated time and again her strength in operations and dedication to excellence. Steve has strong financial expertise and did an exceptional job of steering IDC through the recent merger. Diana brings a wealth of industry experience, market insights and a proven track record of growing business. Together with our entire team, we look forward to doing great things," said Harris Liontas, president and chief executive officer.

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

By mrduediligence

Posted: Monday Jul 11 6:09:45AM 2016

Novra unit IDC receives radio network orders

2016-07-11 06:51 MT - News Release

Mr. Steven Archambault reports


Novra Technologies Inc.'s International Datacasting Corp. has received a series of new orders including for a radio network in Asia and follow-on orders for a contractor supporting a current U.S. government network.

Through a regional partner in Asia, IDC is providing a new STAR radio network for Bangladesh Betar, the government radio network of Bangladesh. The two-channel network includes redundant multi-channel audio encoders and multiplexors as well as four-channel STAR receivers. IDC's STAR audio product line is the world's leading radio distribution solution for networks ranging from very small and simple to very large and complex. In this particular case, a key advantage of the IDC solution is support for Very Low Symbol Rate (VLSR) operation in DVB-S2, offering the customer significant savings on satellite bandwidth and reducing operating costs.

In addition, IDC has received follow-on orders for its IPE-4000 IP Encapsulators from a contractor supporting the Global Broadcast Service of the United States Armed Forces. The IPE-4000 is known for reliability and advanced features including data rates up to 200Mb/s, opportunistic data insertion, and support for DVB and ATSC networks. IDC is a longtime trusted supplier of key infrastructure for this network including the encryption platform and satellite receivers used in broadcast of video and data for mission-critical government applications -- in this case supporting the Army Corps of Engineers.

Novra and IDC recently completed the merger of the two companies. Novra Technologies CEO Harris Liontas commented, "Our first few weeks as a combined company have been quite successful. It is good to see both follow-on business from current customers as well as new business coming in. We are especially pleased to add another new radio network to our customer list. It underscores IDC's global leadership in the audio distribution field."

© 2016 Canjex Publishing Ltd. All rights reserved.

By mrduediligence

Posted: Friday Jun 17 2:16:06PM 2016

International Datacasting merger with Novra, delisting
2016-06-17 14:56 MT - Shares Delisted from TSX-V
Also Amalgamation (C-NVI) Novra Technologies Inc
By certificate of amalgamation, Novra Technologies Inc. and International Datacasting Corp. (IDC) has amalgamated on the following basis:
  • One common share of Novra for every 10 common share of the company held and one warrant of Novra, exercisable at 12 cents for one year;
  • In addition, shareholders will receive one cent in cash per IDC share held.
Effective at the close of business on June 20, 2016, the common shares of Novra will commence trading on the TSX Venture Exchange and the common shares of IDC will be delisted. The company is classified as a satellite telecommunications company.
© 2016 Canjex Publishing Ltd. All rights reserved.

By mrduediligence

Posted: Thursday Jan 7 10:59:41AM 2016

Novra Technologies Inc. Due Diligence Report

Symbol: NVI.V
Price: $0.08
Common Shares: 22,387,993
Insider/Institutional Holdings: 12,042,430(53.4% as per SEDI & Sedar)


Most recent financial results( Ending Sepetember 30th 2015)

Cash: $420,346
Accounts Receivable: $869,025
Notes Receivable: $133,909
Inventory: $678,283
Prepaid Expenses: $136,980
Options: $5,584

Equipment: $26,036
GIC : $200,000
Total Assets: $2,470,163

Line of Credit: $665,000
Accounts Payable: $645,185
Deferred Income: $7,996

Due to related party: $250,000
Current portion of long term debt: $98,470
Long Term Debt: $372,959
Total Liabilities: $2,039,610

**NOTE** NVI is cash flow positive, except will show a loss in the last quarter due to options expiring. These were given to NVI for a deal that was done in 2014(see MD&A below for more information).

Q3 Sales
Revenue: $662,877
Gross Profit: $262,644
Net Income: $125,338

Loss on Options: $203,316

9 Month Sales
Revenue: $2,033,326
Gross Profit: $870,992

Net Income: $423,908 or $0.02c EPS
Loss on options: $39,734

MD&A Highlights

Novra Technologies Inc. (“Novra” or the “Company”) offers premium broadband receivers/routers and applications for satellite and terrestrial broadcast markets. Novra's products are value priced, standardscompliant and enable delivery of Internet, multi-media files, weather data, video (IP-TV) and audio streams using the Internet Protocol (IP) over DVB/MPEG digital TV broadcasts. Novra has three product families: DVB-IP encapsulators, satellite and terrestrial broadband receivers and a multimedia distribution and management system for digital signage and captive audience networks. Novra's products are sold worldwide through sales agents, resellers, solution integrators and service provider partners.

In February 2014 Novra announced that it had agreed (subject to Novra’s due-diligence) to acquire two US based technology companies. Wegener Communications, a publically traded US based communications technology company located in Atlanta GA and Westport Research and Associates, a private company based in Kansas City, MO.

Since the announcement, Novra has worked closely with Wegener to help it restructure most of its debt and assist with inventory purchases and marketing. Westport also had changes made to it operational and ownership structure and it is in a much better position to be acquired by Novra. We expect these acquisitions to complete within the next 6 months.

Novra also agreed to become a low margin supplier to Wegener Communications, and as part of this agreement, Novra was given an option to purchase up to 15,000,000 Wegener shares at $0.03 each. This stock option expires on December 31, 2015. For this reporting period this option has generated unrealized loss of $60,995 which is reflected in our reported results.

Despite challenging world economic conditions in the past couple of years, we continue to see positive results from our considerable engineering and marketing efforts in the last few quarters. Novra’s products have been selected and proposed for a number of major projects which we are anticipating will generate higher 2015 receiver sales compared to our 2014 receiver sales. We are in discussions with government and military organizations to customize and expand our products to meet requirements as they replace existing infrastructure and move to new technologies.

This is a very long MD&A and I recommend that you go to and continue reading from there.

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