Powerhouse Ventures Limited announces strategic acquisitions

Powerhouse Ventures Limited (ASX:PVL) has announced the acquisition of two key assets as part of its strategic growth plan. The company has purchased the domain name www.informedinvestor.com.au from Sequioa Financial Group, along with a strategic partnership, and has also acquired New River Asset Management Pty Ltd, an AFSL licenced entity, in exchange for 2,000,000 PVL shares.

Executive commentary on strategic acquisitions

We are excited to announce the acquisition of the Informed Investor website and the AFSL licenced entity, which align with our strategic objectives outlined in the recent Strategy Update Presentation. The purchase of www.informedinvestor.com.au will enable us to create a professional investment communication platform leveraging our corporate network, while the acquisition of New River Asset Management Pty Ltd will streamline our operations and open doors to potential funds management and advisory activities. These acquisitions demonstrate our commitment to advancing our capabilities and creating value for our shareholders and the broader investment community.

Summary of Powerhouse Ventures' strategic acquisitions

Powerhouse Ventures Limited (ASX:PVL) has made strategic acquisitions by purchasing the Informed Investor website and a licensed entity, New River Asset Management Pty Ltd. The acquisition of the website from Sequioa Financial Group, along with a strategic partnership, will allow PVL to enhance investor engagement and leverage its corporate network to deliver valuable insights and updates to investors and corporate clientele. Additionally, the acquisition of the AFSL licenced entity will enable PVL to streamline operations, internalize costs, and potentially expand into funds management and advisory activities as part of its corporate strategy. These acquisitions reflect PVL's commitment to advancing its capabilities and creating value for its shareholders and the broader investment community.