TEL AVIV, Israel--(BUSINESS WIRE)- Exent Technologies Ltd. (“Exent”) today announced that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada in connection with a proposed initial public offering of common shares of Exent.

The proceeds of the offering will be used to pursue research and development activities designed to expand and support Exent’s product lines and services; for expanding its sales and marketing activities, increasing its market coverage, expanding geographically and entering new markets; for intellectual property related activities (including licensing and acquisition of intellectual property) and for working capital and general corporate purposes, including acquisitions of complementary businesses, products and technologies.

The offering is being underwritten by a syndicate of underwriters led by GMP Securities L.P., and including Canaccord Capital Corporation, Genuity Capital Markets G.P. and Raymond James Ltd.

Exent has applied to list its common shares on Toronto Stock Exchange (“TSX”). Exent has not received conditional approval for listing from TSX and there is no assurance that such listing will be obtained.

This press release is not an offer to sell or a solicitation of an offer to buy common shares, nor shall there be any sales of the common shares in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The common shares of Exent have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act. In the State of Israel this press release shall not be regarded as an offer to the public to purchase securities under the Israeli Securities Law 5728 - 1968 (“ISL”). Exent has not and will not take any action, which would require it to publish a prospectus in accordance with, and subject to, the ISL.

About Exent Technologies
Exent is a global leader in developing and marketing software products and services that enable the broadband-based delivery of video games known as Games-on-Demand.
Games-on-Demand services are designed to monetize the extensive catalogue of video games that are no longer likely to generate significant revenue through retail sales channels.
This is achieved by a broadband-based distribution of video games to end-users through paid subscriptions and through free, ad-supported offerings.
Exent markets and sells its unique video game digital distribution platform and video game advertising technologies directly and through channel partners to broadband service providers and media companies that offer Games-on-Demand services to their end-users.
More information can be found at www.exent.com .