(TheNewswire)
VANCOUVER, B.C. - TheNewswire - September 20 , 2023 – Pathfinder Ventures Inc. ( TSXV:RV ) (the “Company” or“Pathfinder.”) is pleased to announce it has launched a ManagementServices Division, where it has deployed its current operatingexpertise and utilized existing infrastructure to help RV park ownersincrease their occupancy, operating income, and property value, whilealso expanding the Pathfinder Camp Resorts’ brand presence. TheCompany also announces it has signed its first Management Servicesagreement and has begun operating a newly constructed RV Park and RVCommunity in B.C., which will be added to Pathfinder’s network ofexisting locations and managed “ byPathfinder Camp Resorts .”
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Pathfinder launches ManagementServices Division adding immediate and unleveraged cash flow in ascalable and proven business model.
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Newly constructed “Mid-Coast RVPark” on the Sunshine Coast of B.C. has selected Pathfinder tomanage the RV Community.
New Growth Strategy – ManagementServices Division
Under its new Management Services Division, Pathfinder Camp Resortswill provide a turn-key solution for third-party RV park’soperational requirements, such as online reservations, on-sitestaffing & HR, administration, marketing and accounting. Theservices can be tailored to the unique needs of each property to meetthe overall financial and operating objectives of the third-partyownership groups.
The new division will bring Pathfinder immediate and unleveraged cashflow, contributing to the Company’s bottom-line. The new ManagementServices Division is scalable, with revenues expecting to increase ata much faster pace than the direct overheads pertaining to expandingthe service offerings. The new growth strategy further adds toPathfinder’s brand recognition and possible opportunities for theCompany to purchase the managed properties.
Stan Duckworth, Pathfinder’s COO stated, “there are over 5600 RVparks and campgrounds in Canada, many of which are privately owned andoperated, which could benefit from our 25+ years’ experience andexpertise which has resulted in our own RV resorts having occupancyrates above industry average."
New Location - Mid-Coast RV Park,Sunshine Coast B.C.,
by Pathfinder CampResorts
Pathfinder is pleased to announce it has commenced operating the newlyconstructed Mid-Coast RV Park which is located in Halfmoon Bay onBritish Columbia’s Sunshine Coast. The RV Park is BC’s newest RVcommunity, which offers 40 RV sites with a full suite of RV hookups,including 50-amp electrical connections. Pathfinder Camp ResortsManagement Services Division will utilize the same infrastructure andpersonnel that are currently providing support to its existingPathfinder Camp Resorts locations.
“We’re honoured that Pathfinder Camp Resorts was selected tooperate the newly constructed Mid-Coast RV Park on BC’s beautifulSunshine Coast,” stated Joe Bleackley, CEO and Founder ofPathfinder. “Our expertise and ongoing presence in BritishColumbia will bring significant value to the newly constructedMid-Coast RV Park.
Todd Macdonald, owner of Mid-Coast RV Park stated, “It was a naturalfit for Pathfinder to operate our newly constructed RV Park.Pathfinder has a large footprint in Southern British Columbiaincluding an operational team that already services multiple RV resortlocations and RV customers."
Pathfinder has also secured the Right of First Refusal to purchase theproperty until May 2024.
About Pathfinder Ventures
Pathfinder Ventures Inc. owns and operates RV Resorts, RV Communitiesand campgrounds under the “Pathfinder Camp Resorts” name. Pathfinder currently has four locations in B.C. and is focused ongrowing its network through both acquisitions, new construction, andmanagement services. The Corporation is taking advantage of thegrowing outdoor hospitality market driven by Canadians looking toexperience the great outdoors in an RV.
To learn more about Pathfinder Camp Resorts, click thelink below:
On behalf of the board of directorsof the Corporation:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
CompanyContact:
Joe Bleackley
Chief Executive Officer, andDirector
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca || PathfinderCampResorts.com
Investor Relations Contact:
Anthony Simone
Simone Capital Corp.
Phone: (416)-881-5154
Email: asimone@simonecapital.ca
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. No stock exchange, securitiescommission or other regulatory authority has approved or disapprovedthe information contained herein.
This news release does not constitutean offer to sell or a solicitation of an offer to buy any of thesecurities in the United States. The securities have not been andwill not be registered under the United States Securities Act of 1933,as amended (the "U.S. Securities Act") or any statesecurities laws and may not be offered or sold within the UnitedStates or to U.S. personsunless registered under the U.S. Securities Act and applicable statesecurities laws or an exemption from such registration isavailable.
Forward-Looking Information Cautionary Statement
Thisnews release contains forward-looking statements relating to thefuture operations of the Corporation and other statements that are nothistorical facts. Forward-looking statements are often identified byterms such as "will", "may", "should","anticipate", "expects" and similar expressions.All statements other than statements of historical fact, included inthis release, including, without limitation, statements regarding thefuture plans and objectives of the Corporation, are forward-lookingstatements that involve risks and uncertainties. There can be noassurance that such statements will prove to be accurate and actualresults and future events could differ materially from thoseanticipated in such statements. Important factors that could causeactual results to differ materially from the Corporation'sexpectations include risks detailed from time to time in the filingsmade by the Corporation with securities regulations.
The reader is cautioned thatassumptions used in the preparation of any forward-looking informationmay prove to be incorrect. Events or circumstances may cause actualresults to differ materially from those predicted, as a result ofnumerous known and unknown risks, uncertainties, and other factors,many of which are beyond the control of the Corporation. The reader iscautioned not to place undue reliance on any forward-lookinginformation. Such information, although considered reasonable bymanagement at the time of preparation, may prove to be incorrect andactual results may differ materially from those anticipated.Forward-looking statements contained in this news release areexpressly qualified by this cautionary statement. The forward-lookingstatements contained in this news release are made as of the date ofthis news release. Except as required by law, the Corporation does notundertake any obligation to update publicly or to revise anyforward-looking statements that are contained or incorporated in thispress release.
In the case of Pathfinder, this newsrelease includes certain "forward-looking statements" whichare particular to Pathfinder and are not comprised of historicalfacts. Forward-looking statements include estimates and statementsthat describe Pathfinder’s future plans, objectives or goals,including words to the effect that Pathfinder or its managementexpects a stated condition or result to occur. Forward-lookingstatements may be identified by such terms as “believes”,“anticipates”, “expects”, “estimates”, “may”,“could”, “would”, “will”, or “plan”. Sinceforward-looking statements are based on assumptions and address futureevents and conditions, by their very nature they involve inherentrisks and uncertainties. Although these statements are based oninformation currently available to Pathfinder, Pathfinder provides noassurance that actual results will meet management’s expectations.Risks, uncertainties and other factors involved with forward-lookinginformation could cause actual events, results, performance, prospectsand opportunities to differ materially from those expressed or impliedby such forward-looking information. Forward looking information inthis news release includes, but is not limited to, Pathfinder’sobjectives, goals or future plans, statements, refinancing andfunding, and anticipated future growth in new markets. Factors thatcould cause actual results to differ materially from suchforward-looking information include, but are not limited to, theability of Pathfinder to successfully implement its developmentstrategy and whether this will yield the expected benefits;competitive factors in Pathfinder’s industry sector; the success orfailure of product development programs; currently existing applicablelaws and regulations or future applicable laws and regulations thatmay affect Pathfinder’ s business; decisions of regulatoryauthorities and the timing thereof; Covid-19 related risks,availability of properties; the economic circumstances surroundingPathfinder’s business, including general economic conditions inCanada, the US and worldwide; changes in exchange rates; changes inthe equity market; inflation; uncertainties relating to theavailability and costs of financing needed in the future; and thoseother risks disclosed in thefiling statement or other disclosure document prepared and supplied onSedar . Although Pathfinderbelieves that the assumptions and factors used in preparing theforward-looking information in this news release are reasonable, unduereliance should not be placed on such information, which only appliesas of the date of this news release, and no assurance can be giventhat such events will occur in the disclosed time frames or at all.Pathfinder disclaims any intention or obligation to update or reviseany forward-looking information, whether as a result of newinformation, future events or otherwise, other than as required bylaw.
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