TIDMCLP 
 
26 May 2020 
 
                               Clear Leisure Plc 
                      ("Clear Leisure" or "the Company") 
 
                         ForCrowd Srl Business Update 
 
The board of Clear Leisure (AIM: CLP) is pleased to provide shareholders with 
an update on the progress of the Company's investment in ForCrowd Srl 
("ForCrowd"). 
 
Despite the disruption caused by Covid-19 pandemic, the first equity 
crowdfunding campaign for B4TECH srl, went live on 19 May on the ForCrowd 
(Milan) regulated crowdfunding platform. 
 
B4TECH srl, a digital technology company, has developed two application 
platforms within the new concept of digital ecosystems. These being: 
 
·    "B-SMART 4.0" which provides installation, technical support and 
maintenance of household appliances and equipment, providing material cost 
savings for the consumer. Artificial Intelligence (AI) tools are a key 
component of the platform 
 
·    "CONCEPT STORE 4.0" is a set of tools helping to create new shopping 
experiences, based on the merging of "physical and digital" shopping. 
 
The minimal funding target is EUR250,000, with a maximum fundraising target of EUR 
500,000. 
 
Francesco Gardin, Clear Leisure CEO and Chairman of ForCrowd, commented: "I am 
extremely pleased for the first equity crowdfunding campaign to have been 
launched, despite all the difficulties caused by Covid-19. 
 
"The high digital technology standards of this innovative startup should 
attract, we believe, sufficient investors to meet the equity crowdfunding 
minimal target. Several other startups, currently under evaluation, have been 
lined-up to launch their campaigns on ForCrowd. 
 
"Moreover, the tax relief for Italian investors in innovative startups, as in 
the case of B4TECH, as of this month has been increased from 30% to 50%, 
effectively making this kind of investment extremely attractive." 
 
                                    -ends- 
 
For further information please contact: 
 
Clear Leisure Plc   +39 335 296573 
Francesco Gardin, CEO and Executive Chairman 
 
SP Angel Corporate Finance (Nominated Adviser & Broker)   +44 (0)20 3470 0470 
Jeff Keating 
 
 
 
Leander (Financial PR)   +44 (0) 7795 168 157 
Christian Taylor-Wilkinson 
 
About Clear Leisure Plc 
 
Clear Leisure plc (AIM: CLP) is an AIM listed investment company which has 
recently realigned its strategic focus to technology related investments, with 
special regard to interactive media, blockchain and AI sectors. The Company 
also owns shareholdings in a number of historic investments primarily in the 
Italian real estate companies, which it is currently seeking compensation 
through court action. 
 
For further information, please visit, www.clearleisure.co.uk 
 
 
 
END 
 

(END) Dow Jones Newswires

May 26, 2020 02:00 ET (06:00 GMT)

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