Public disclosure of inside information according to article 17 MAR
CAG International AG: CAG Purstes Additional US based Strategic Alliances
Partnership in the United States
Baar
(pta056/10.12.2020/22:46 UTC+1)
CAG Pursues Additional US based Strategic Alliances
CAG has engaged with multiple companies and is pursuing two partnership in the United States.
Baar, Switzerland, TX - December 10, 2020 - CAG International AG, a company publicly traded on the Vienna Direct MTF (Ticker Symbol: CAG:AV) ("CAG International" or the "Company") announced today that it has engaged multiple companies in the United States to expand its operations.
In addition to the alliance recently announced with Florida based Cimplement, the Company is in late stage talks with two US companies for a partnership, joint-venture or strategic alliance in order to get immediate traction in the US market and expand operations.
A business combination with either of these two companies is expected to dramatically increase the Company's U.S. based revenue, while simultaneously giving CAG a solid foothold in the U.S., the world's largest corporate training market. CAG offers its prospective partners proprietary remote learning tools, know-how and key agility training methods.
Company founder and Chairman Hans Amell remarked, "In the current global business environment, particularly in light of the pandemic, the need for companies to be agile, responsive and flexible is ever increasing. We are seeing ever greater demand for remote corporate training in the market due to ever increasing uncertainty, shorter and shorter product life cycles, tectonic shifts in the economy, changing consumer behavior and fundamental societal changes. Mr. Amell further amplified, "If an organization is not agile, they will, unfortunately, very quickly realize the negative consequences."
For more information about CAG International AG, please visit https://www.caginternationalag.com/
About CAG International AG
CAG International AG develops, markets and operates global outsourced corporate training solutions and corporate agility training. The Company, through its wholly owned subsidiary CAG Sweden AB owns 2 subsidiaries MCLP Sweden AB and MA Sweden AB which together make up the Minerva Group.
CAG is now ramping up to expand its stable of international training resources using its proprietary Carve-Outsourcing or CORE, business agility tool.
CORE explained: CAG provides an elegant and seamless solution, tailored to match each clients' needs in the form of full-service training organization, catering to all their unique training needs. Using our special carve-out methodology, CORE, CAG acquires the client's training personnel and systems. It absorbs them into CAG's own infrastructure. This is done in return for a multi-year training contract (SLA) between CAG and the client.
https://www.caginternationalag.com/
About Minerva Group
Minerva has over 15 years of experience of helping companies and organizations grow through learning.
Mastering business agility through blended learning requires a holistic approach and continual development. The Company has a number of proprietary pedagogical methods and core competencies to allow it to provide world-class learning systems, agility consultancy services, and operations coaching on both the strategic and tactical levels.
Minerva Group, based in Stockholm and Gothenburg operates nationwide in Sweden. Through the history of the Company over one million people have taken part in its various training programs globally. The Company trains employees, thereby realizing their true potential for business success.
https://www.minervagroup.se/minerva-group/
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology such as "believe," "expects," "may," "looks to," "will," "should," "plan," "intend," "on condition," "target," "see," "potential," "estimates," "preliminary," or "anticipates" or the negative thereof or comparable terminology, or by discussion of strategy or goals or other future events, circumstances, or effects. Moreover, forward-looking statements in this release include, but are not limited to, the impact of the current COVID-19 pandemic, which may limit access to the Company's facilities, customers, management, support staff and professional advisors, and to develop and deliver services and products. The Company's forward-looking statements could be affected by many factors, including, but not limited to, the Company's ability to commercialize, demand for the Company's products and services, economic conditions in the U.S. and worldwide, and the Company's ability to recruit and retain management, technical, and sales personnel. Further information relating to factors that may impact the Company's results and forward-looking statements are disclosed in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contacts:
CAG International AG
Zugerstrasse 72,
6340 Baar, Switzerland
info@caginternationalag.com
https://www.caginternationalag.com/
Minerva Group
Stockholm office
MCLP Sweden
Malmskillnadsgatan 32
111 51 Stockholm
+46 (0) 8 588 015 80
info@minervagroup.se
www.minervagroup.se
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Emitter: |
CAG International AG Zugerstrasse 72 6340 Baar Switzerland |
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Contact Person: | Shaen Bernhardt | |
E-Mail: | svb@albanix.ch | |
Website: | www.caginternationalag.com | |
ISIN(s): | CH0505534542 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Vienna MTF) |