iBosses Corporation is raising up to $5 million through the issue of up to 25 million shares priced at $0.20 each to review and evaluate potential new assets as well as expand its existing business centres. The Singapore-based company provides training and consultancy products and services for entrepreneurs. By offering a wide range of advice, support and solutions to entrepreneurs, the company assists entrepreneurs from the early stages of idea creation to the final stages of commercialisation and potential exits such as sales of the business. The company derives income principally from: – Fees paid by its clients for training and consultancy products and services; and – Licence fees payable by the licensees of the company’s products and services model. It plans to implement a series of initiatives to achieve future growth. This includes upgrading the iBosses Digital Platform to attract more partners, entrepreneurs and other interested parties as well as exploring the potential to expand outside of Singapore. iBosses already has licensees in the Philippines and Malaysia. It may also look to acquire complimentary businesses in the future. The offer is subject to a minimum subscription of $2.5 million. The company expects to trade as IB8.
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