ApartmentLove signs another listing deal providing access to 680,000 additional short-term vacation rentals worldwide, The Canadian Business Journal

Calgary, Alberta, October 18, 2022 (GLOBE NEWSWIRE) — ApartmentLove Inc. (CSE: APLV) (“Apartment Love” or “Company”) is a leading provider of online home, apartment and vacation rental marketing services to owners, renters and travelers worldwide and has a distribution partner agreement (“agreement”) is one of the largest short-term vacation rental facilitators currently operating online. Listing Partners use a robust application programming interface (seeAPIs) extends direct access to thousands of property management and vacation property owner clients, seamlessly delivering their entire rental inventory to ApartmentLove for real-time promotions on www.ApartmentLove.com.

By agreement, ApartmentLove earns a commission on the gross booking value of successful bookings made on ApartmentLove.com. “Our fully integrated and automated vacation rental marketing solution, this agreement and integration with our API, will further expand the reach and capacity of our flagship ApartmentLove.com rental marketing platform, seeking renters from all over the world.” It adds exceptional value and exposure to owners and property managers, said Trevor Davidson, President and CEO of ApartmentLove Inc. Davidson said the company has many similar APIs. The ApartmentLove engineering team has already begun work on connecting with the API, adding: While it is still in testing, these new short-term vacation rental listings are: We expect bookings to begin appearing on ApartmentLove.com via API in the fourth quarter of 2022 and to materialize early in the new year, in line with our continued investment in SEO and other forms of marketing. and promotion.”

A business arrangement very similar to that announced by the Company in a press release dated August 23, 2022, the agreement provides the Company with access to short-term vacation rental space as a cash-rich and very strong global asset class. further emphasizes the commitment of Pursuant to the agreement, ApartmentLove will earn a commission equal to approximately 15% of the total booking value for all successful bookings completed on ApartmentLove.com. This is in line with common industry pricing standards. Management believes this deal will add significant new revenue to the Company starting in the new year, with substantially all such sales flowing into the Company’s revenues with a contribution margin of nearly 90%. A contract that the company continues to sign. Based on current short vacation revenue metrics, including historical revenue per user, cost of goods sold, search engine optimization capital expenditures, and website traffic to ApartmentLove.com over the past 24 months, management has determined that this We believe that the contract will allow us to: In 2023 alone he will generate EBITDA from $2,000,000 to $3,000,000.

“As has happened many times in the past, my team has direction and is working on integration documentation,” added Ken Lang, blockchain expert and head of technology at ApartmentLove. Lang continued: Now, worldwide, he’s on his way to one million rental listings, and the ApartmentLove.com application has been enhanced, further improving our best practices. We look forward to this next major round of development in full growth mode. It’s a very exciting time for all of us. ”

On the strength of our heavy investment in search engine optimization (seeSEO”) In order for ApartmentLove.com to work best with the Google algorithm, ApartmentLove.com continuously updates the company’s website traffic records. The number of users and lead volume generated continue to exceed budgetary management expectations. Having established the company at the forefront of the long-term rental market, the management team shares a desire to own and control all aspects of the online rental experience, with a presence in the deeply fragmented vacation rental sector Embodying is the key to making it happen. goal. Execution of the contract will move forward to mandate and confirm our desire to lead this class.

About ApartmentLove Co., Ltd.

ApartmentLove Inc. (CSE: APLV) is a leading provider of online rental marketing services to property owners, renters and travelers in over 30 countries around the world. Having proven its ability to scale as a fast-growing ‘PropTech’ in today’s complex and dynamic market environment, ApartmentLove is committed to its growth through an acquisition program. This is buying complementary businesses with lots of monthly active users, recurring revenue history, and positive cash flow. We also drive a unique organic growth strategy in key markets around the world, along with custom technology that facilitates and mitigates the rental experience. ApartmentLove Inc. is a public company with common stock listed on the Canadian Stock Exchange (CSE: APLV).

For more information, please visit https://apartmentlove.com/investors or contact us below.

Trevor Davidson
President and CEO
Apartment Love Co., Ltd.
[email protected]
(647) 272-9702

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Certain information in this news release may contain forward-looking statements that involve significant known and unknown risks and uncertainties, some of which are beyond our control. It’s nothing. Forward-looking statements “plan,” “continue,” “expect,” “predict,” “intend,” “believe,” “forecast,” “estimate,” “could,” It is often characterized by words such as “is” and “will”. , “potential,” “proposed,” and other similar words, or statements that a particular event or condition “could occur” or “will occur.” These statements are just predictions. The reader acknowledges that the assumptions used in the preparation of such information, while believed to be reasonable at the time of preparation, may prove to be inaccurate and should not be used in the future by any kind. Please note that you should not place undue reliance on any forward-looking statements in either. Forward-looking statements include the anticipated benefits of this agreement and our ability to realize the benefits of this agreement. include, but are not limited to: Expected revenue per user. Expected cost of goods sold. Expected capital expenditure on SEO; Expected website traffic to ApartmentLove.com. Our SEO leading to first page search results of popular search engines in the geographic locations where we operate. Management’s projected revenue generated by 2023 contracts. We recognize the benefits of our organic growth mission. The ability of a company to be cash flow positive. and our ability to successfully integrate and realize the benefits of this Agreement. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Risk factors are described in our continuous disclosure documents filed with SEDAR and accessible at www.sedar.com.

This press release contains “forward-looking financial information” and “financial outlook information” (collectively, “FOFI“) For our projected EBITDA generated from the 2023 contract. It shows the relevant margin of return and readers are warned that this information may not be suitable for other purposes and readers should not place undue reliance on FOFI. Like any forward-looking information, it is based on assumptions without limitation and is subject to the risks described under the heading “Reader’s Advice” above. Our actual operating results and resulting financial results could differ from the amounts set forth in this press release, and such variations could be material. The Company and its management believe that the FOFI has been prepared on a reasonable basis and reflects management’s best estimates and judgments as of the date hereof. However, this information is subjective and subject to numerous risks and should not necessarily be relied upon as indicative of future results. The forward-looking information and FOFI contained in this press release speaks only as of the date of the document and neither the Company nor any of its subsidiaries may publicly update or update them to reflect new events or circumstances. We shall not be obligated to revise it. Required in accordance with applicable law. Actual results may differ from those future results due to the risk factors described under the heading “Risks” in Company Management’s Discussions and Analysis for the three and six months ended June 30, 2022. and may differ materially from those anticipated by FOFI. August 11, 2022.

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