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LiveToBeHappy, Inc. Provides Business UpdateCHARLOTTE, N.C., Sept. 02, 2021 (GLOBE NEWSWIRE) -- LiveToBeHappy, Inc. (OTCM: CAVR, soon to be LTBH), a land developer and community home builder in the Southern U.S. with a differentiating technology marketing platform, today announced several updates, demonstrating meaningful momentum in the Company’s business transformation including:
Kevin Vincent Cox, Chief Executive Officer of LiveToBeHappy, Inc., commented, “We are excited to announce that we are entering the last stages of our business transformation strategy. Through the addition of multiple target companies to our real estate development portfolio, we expect to significantly expand LiveToBeHappy’s reach across the Southern U.S. and vertically integrate the platform, allowing us to engage in end-to-end commercial and residential real estate development. With the team and resources provided by Dragonfly, the financing plans are progressing on schedule, LOIs have been executed, and our due diligence process is entering its final stages. In addition, we have recently received an additional $3.3 million in new bookings from our wholly owned subsidiary, Sinacori Builders, adding to our strong real estate backlog. Finally, we are thrilled to be adding Michael Murphy to our executive team as CTO. Mike adds a strategic mind that will enable the successful integration of all the companies and products that become part of the LiveToBeHappy family in the future. We look forward to sharing this journey with all of our shareholders and expect to complete this process within the next few months.” Michael Murphy Background Mr. Murphy has over 30 ears of experience as a designer, builder innovator, collaborator, and implementer of high-performance enterprise-class critical e-commerce and supply-chain solutions for Global 500 companies. Most recently, he was the CTO of PostBidShip, a freight-matching software platform company that LiveToBeHappy, Inc. has secured a binding option agreement to purchase if desired in the future. His experience also includes senior positions with Logistyx Technologies, Agile Networks, AJILLUS, and Murphy Systems Group. Mr. Murphy is a former officer in the US Air Force, a graduate of Washington University in St. Louis, and has an MBA from George Washington University in Supply Chain and Operations Management. About LiveToBeHappy, Inc. *Non-GAAP Numbers We use this non-GAAP financial information to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that this non-GAAP financial information may be helpful to investors because it provides consistency and comparability with past financial performance. Bookings for Sinacori Builders is defined contracts signed with customers to build a residential dwelling. Non-GAAP financial measures have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. In addition, other companies, including companies in our industry, may calculate similarly titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial information as a tool for comparison. As a result, our non-GAAP financial information is presented for supplemental informational purposes only and should not be considered in isolation from, or as a substitute for financial information presented in accordance with GAAP. Forward-Looking Statements Investor Contacts: Alpha IR Group Lisa Fortuna or Sam Cohen |