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Key updates regarding the financing solution, corporate audit and potential acquisition
PHOENIX, AZ /ACCESSWIRE/January 12, 2022/ Enterprise Warrior Corp. (OTC PINK: BZWR), the source helping American small businesses attract more customers, announces the addition of $3 million to the balance sheet along with several other key updates showing a strong start to 2022.
The company is also announcing status updates on several key topics, including:
- An update on auditing the business to become a full registrant
- The official launch date of the Business Warrior Funding platform
- The company in due diligence for an acquisition
the recently announced The $5 million deal with EVRGRN has been reworked to allow Business Warrior to raise $3 million upfront and retain the remaining $2 million for additional growth opportunities. It’s a win-win for both companies. The $3 million was received by BZWR, further strengthening the company’s balance sheet while giving EVRGRN the flexibility to pursue additional opportunities to add to the overall project together.
“Renegotiating this deal is a huge growth accelerator for us as a company,” said Rhett Doolittle, CEO of Business Warrior. “He also provides instant marketing and sales support to support the development and growth of our next-generation lending solution, Business Warrior Funding.”
Launch of Business Warrior financing
The launch date for Business Warrior Funding is expected to be released on February 1, 2022.
“The financing solution is currently in beta as we continue to develop and test this innovative product for small businesses,” Doolittle said. “We’ve adjusted our schedule to ensure we deliver a robust, high-quality customer experience.”
Financial Audit Update
The Completion of Business Warrior’s two year audit remains in effect for the fiscal years ending August 31, 2021 and August 31, 2020.
“We understand that this delay is frustrating for our stakeholders and shareholders,” Dolittle said. “This is taking longer than expected as we implement new processes to become a fully reporting entity and make our financial systems scalable with the rest of our organization. Additionally, with the current COVID-19 landscape, there is “There has been an increased demand for PCAOB accountants and a lack of qualified professionals. We are working to complete the audit as soon as possible and then move immediately to the next steps to transition to the OTCQB.”
By adhering to the periodic filing requirements, Business Warrior will continue its plan to scale up in the OTCQB venture market in support of its broader growth strategy after completing the two-year audit.
Potential acquisition enters letter of intent
Business Warrior is in the process of completing its due diligence and has signed a letter of intent for an acquisition. The acquisition is expected to close in the spring of 2022 and the company will share more details as it progresses.
EVRGRN is a fintech company focused on service, technology and distribution for its lending partners. The company was founded in 2019 and had an impressive first year providing loan management solutions under the Paycheck Protection Program, where it processed 1.1 million loans, for total funding of $17.4 billion. EVRGRN offers a broad mix of solution sets that support customer-centric models while focusing on providing their partners with cutting-edge technology. To learn more, visit https://www.goevgrrn.com/.
About Business Warrior
Business Warrior is the source for small businesses in America to improve their brand and increase their marketing results. Business Warrior software takes a holistic view of a company’s online reputation, listings, website search results, and social media. Predictive algorithms are used to recommend the most imperative actions needed to attract new customers, positively impact day-to-day operations and improve profitability. For more information, please visit BusinessWarrior.com.
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THE SOURCE: Enterprise Warrior Corporation
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