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Gersan Elektrik Announces Application to Trade on the OTCQX Market in the United States
ISTANBUL, TürkiyeGersan Elektrik Ticaret ve Sanayi A.S. (“Gersan Elektrik,” “Gersan” or the “Company”) (BIST: GEREL), a publicly traded Türkiye-based industrial company operating in the electrical sector and energy distribution solutions, today announced that it has initiated an application process for its shares to be cross-traded on the OTCQX Market in the United States. The Company previously […]
ISTANBUL, Türkiye
Gersan Elektrik Ticaret ve Sanayi A.S. (“Gersan Elektrik,” “Gersan” or the “Company”) (BIST: GEREL), a publicly traded Türkiye-based industrial company operating in the electrical sector and energy distribution solutions, today announced that it has initiated an application process for its shares to be cross-traded on the OTCQX Market in the United States. The Company previously disclosed the commencement of this process through Türkiye’s Public Disclosure Platform on June 9, 2026.
The application is subject to the review and approval of OTC Markets Group, and there can be no assurance as to the timing or outcome of the application. If approved, the contemplated OTCQX quotation is expected to support broader market visibility and enhance access to the Company’s publicly available disclosures for U.S.-based and international investors.

The Company views the OTCQX application as an important milestone in its broader corporate business, international capital markets and investor-base expansion strategy. Gersan Elektrik believes that a structured U.S. market access framework may help the Company communicate its industrial platform, operating capabilities and publicly disclosed financial information to a wider institutional and investor audience in a transparent and disciplined manner.
“Our application to OTCQX represents a structured step in Gersan Elektrik’s ongoing corporate development and capital markets communication strategy,” said Erkan İzgi, Chairman of Board of Gersan Elektrik. “Subject to approval, we believe the contemplated OTCQX quotation may support broader market visibility, improve access to our public disclosures and contribute to a more accessible information environment for U.S.-based and international investors. We intend to continue communicating with the market through factual, timely and disclosure-based investor relations practices.”
Gersan Elektrik has engaged Usul Ventures Limited, a consulting firm listed in OTC Markets Group’s Premium Provider Directory, to act as process manager and advisor in connection with the Company’s OTCQX cross-trading application process. Usul Ventures is expected to support the Company in coordinating the application process, investor communication framework, U.S. market positioning and related disclosure-oriented workstreams during the contemplated U.S. market access process.
Gersan Elektrik is one of the established companies in Türkiye’s electrical sector, with more than 45 years of experience. The Company manufactures systems and materials that carry, combine and protect electrical conductors along the line extending from power generation facilities to end-use locations. Its product and solution portfolio includes busbar systems, cable tray and conveying systems, grounding systems, panel systems, electric vehicle charging station systems, automation systems, Led-Bus lighting systems, underfloor channel systems, special carrier systems and steel construction systems.
As a publicly traded company listed on Borsa Istanbul under the ticker GEREL, Gersan Elektrik aims to strengthen its international capital markets engagement through accessible corporate information, disciplined investor communication and continuity in public disclosure. The contemplated OTCQX process does not constitute a public offering of securities and is not intended to change the Company’s primary listing venue or existing public disclosure obligations in Türkiye.
The Company expects that, subject to completion of the OTCQX application process, future investor communication may include periodic business updates and financial-results communications based on information already disclosed through the Company’s official public reporting channels. Any such communications are intended to provide context around publicly available information and are not intended to provide investment advice, price targets, trading recommendations or selective disclosure of material non-public information.
About Gersan Elektrik Ticaret ve Sanayi A.S.
Gersan Elektrik Ticaret ve Sanayi A.S. is a Türkiye-based publicly traded industrial company listed on Borsa Istanbul under the ticker GEREL. The Company operates in the electrical sector and provides products and solutions across energy distribution, busbar systems, cable tray and conveying systems, grounding systems, panel systems, electric vehicle charging systems, automation and lighting-related applications. For further information, please visit www.gersan.com.tr.
About Usul Ventures Limited
Usul Ventures Limited is a corporate finance and capital markets advisory firm listed in OTC Markets Group’s Premium Provider Directory. In connection with Gersan Elektrik’s contemplated OTCQX cross-trading process, Usul Ventures is expected to act as process manager and advisor, supporting application coordination, investor communication structuring and related market-access workstreams.
No Offer or Solicitation
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States, Türkiye or any other jurisdiction. No securities may be offered or sold in any jurisdiction except pursuant to registration or an applicable exemption under applicable securities laws.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements regarding the Company’s OTCQX application, expected market visibility, investor access, corporate communication strategy and future investor relations activities. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, many of which are outside the Company’s control. Actual results, timing, approvals, market conditions and outcomes may differ materially. The Company undertakes no obligation to update any forward-looking statement except as required by applicable law.
Investor Relations Contact
Gersan Elektrik Ticaret ve Sanayi A.S.Investor Relations
E-mail: [email protected]
Phone: +90 (216) 593 00 50
Website: www.gersan.com.tr
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Sam Kamra Launches RealEstateBuyer.ca to Help Ontario and Alberta Homeowners Sell Their Homes for Cash
TORONTO, OntarioFounded by Sam Kamra, RealEstateBuyer.ca provides homeowners with a faster, more predictable alternative to the traditional home-selling process through direct cash purchases, flexible closing dates and as-is property acquisitions.
Founded by Sam Kamra, RealEstateBuyer.ca provides homeowners with a faster, more predictable alternative to the traditional home-selling process through direct cash purchases, flexible closing dates and as-is property acquisitions.
TORONTO, Ontario
Sam Kamra, Founder of RealEstateBuyer.ca and a licensed Real Estate Sales Representative, today announced the official launch of RealEstateBuyer.ca, a direct cash home-buying platform created to provide homeowners across Southern Ontario and major cities throughout Alberta with a faster, more convenient alternative to the traditional home-selling process.

The announcement comes at a time when Canada’s housing market continues to adjust to elevated borrowing costs, increased housing inventory, stricter mortgage qualification requirements and longer selling timelines. Across many communities in Ontario and Alberta, homeowners are finding that selling a property through traditional methods has become more complex, more expensive and significantly less predictable than in previous years.
For many sellers, listing a property on the open market means preparing the home for sale through repairs, painting, cleaning, staging, landscaping and professional photography before the first showing even takes place. Once listed, homeowners may spend weeks or months accommodating showings, reviewing offers and negotiating with prospective purchasers, only to discover that a transaction remains conditional upon financing, inspections or the sale of another property. In some cases, transactions collapse entirely when financing cannot be obtained or contractual conditions are not satisfied.
As interest rates have risen and lending standards have tightened, obtaining mortgage approval has become increasingly difficult for many buyers. Even qualified purchasers may face delays during the underwriting process, leaving sellers with uncertainty regarding whether their transaction will ultimately close. For homeowners facing time-sensitive circumstances, these delays can create significant financial and emotional stress.
Recognizing these challenges, Sam Kamra established RealEstateBuyer.ca to provide property owners with a straightforward alternative centred on certainty, convenience and speed. Rather than marketing a property through the traditional Multiple Listing Service (MLS®) and waiting for third-party buyers to secure financing, RealEstateBuyer.ca purchases homes directly from sellers using private capital, allowing homeowners to receive a firm, no-obligation cash offer without many of the delays associated with conventional real estate transactions.
“Our objective was to create a solution for homeowners who value certainty,” said Sam Kamra, Founder of RealEstateBuyer.ca. “Every homeowner’s situation is different. Some people are relocating, managing an estate, dealing with financial hardship or simply want to avoid months of uncertainty while waiting for a buyer to obtain mortgage approval. We wanted to create a professional, transparent and straightforward process that gives homeowners another option.”
Unlike a conventional sale, homeowners who sell directly to RealEstateBuyer.ca do not need to prepare their property for multiple showings, host open houses or invest substantial sums into cosmetic improvements before listing. Depending on the location and services provided, sellers may also avoid paying real estate commissions, which can be as high as 6% plus applicable taxes, along with many of the expenses associated with preparing a home for the market.
Another significant advantage is certainty of financing. Because RealEstateBuyer.ca purchases properties directly, sellers do not have to wait while a purchaser seeks mortgage approval or worry about a transaction collapsing because financing conditions cannot be satisfied. This provides homeowners with greater confidence that an agreed-upon closing date can proceed as planned.
RealEstateBuyer.ca purchases residential properties on an “as is, where is” basis. Homeowners are not required to complete repairs, renovations or cosmetic improvements before selling. Depending on the property and the information available, RealEstateBuyer.ca may also purchase homes without requiring an interior inspection. In many instances, offers can be prepared using publicly available information, photographs, supporting documentation or a brief exterior review, helping to streamline the transaction for homeowners seeking a fast and convenient sale.
Subject to the terms of the purchase agreement, RealEstateBuyer.ca assumes ownership of the property upon closing, allowing sellers to move forward with confidence without the uncertainty of addressing future property-related concerns after the sale. This approach provides peace of mind for many homeowners who simply want a clean, efficient and predictable transaction.
The launch of RealEstateBuyer.ca reflects a broader shift in today’s housing market, where many homeowners are placing increasing value on speed, privacy and certainty of closing rather than navigating the lengthy and often unpredictable process associated with traditional home sales. As market conditions continue to evolve, direct cash home-buying solutions are becoming an increasingly attractive option for homeowners seeking greater flexibility and control over how they sell their property.
RealEstateBuyer.ca was developed to assist homeowners facing a wide variety of circumstances where selling through traditional methods may be impractical, time-consuming or financially challenging. While every transaction is unique, the company specializes in purchasing properties that often require a more flexible and experienced approach than a conventional buyer may be willing or able to provide.
The platform regularly considers properties in situations including:
- Estate and probate sales
- Inherited properties
- Tenant-occupied homes, including properties with non-paying or difficult tenants
- Properties involved in Landlord and Tenant Board (LTB) proceedings
- Distressed properties
- Vacant homes
- Fire- and flood-damaged properties
- Hoarder homes
- Homes affected by mould or pest infestations
- Properties requiring significant repairs or deferred maintenance
- Partially renovated or unfinished construction projects
- Properties subject to municipal stop work orders or outstanding compliance matters
- Power of Sale properties
- Homes where sellers require a confidential or expedited transaction
- Homeowners facing separation, divorce, relocation, financial hardship or other life transitions
According to Sam Kamra, many of these properties present challenges that can make obtaining conventional mortgage financing difficult for retail buyers. Even when a willing purchaser is found, financing approvals may be delayed or declined because of the property’s condition or the lender’s underwriting requirements.
“Many homeowners assume their only option is to list on the open market and hope the right buyer comes along,” said Kamra. “In reality, certain properties can be difficult to finance because of their condition or the circumstances surrounding the sale. Our objective is to simplify the process by purchasing directly, allowing homeowners to avoid many of those obstacles and move forward with certainty.”
Unlike a traditional home sale, RealEstateBuyer.ca is designed to provide flexibility throughout the transaction. Homeowners may choose a closing date that works best for their individual circumstances, with closing periods commonly ranging from approximately one week to three months, depending on the property and the seller’s needs.
The company also recognizes that not every homeowner has the financial resources to prepare a property before listing it for sale. Renovations, painting, cleaning, staging, landscaping, storage costs and ongoing mortgage, tax and utility payments can quickly become expensive while a property remains on the market.
By purchasing homes in their existing condition, RealEstateBuyer.ca allows sellers to avoid many of those upfront expenses. There is no requirement to complete cosmetic improvements, replace flooring, modernize kitchens or bathrooms, repair roofing, finish renovations or prepare the property for repeated buyer showings before requesting an offer.
Depending on the circumstances, RealEstateBuyer.ca may also purchase properties without requiring an interior inspection. In many cases, publicly available records, photographs, supporting documentation and a brief exterior review may provide sufficient information to evaluate the property and prepare a cash offer, allowing the transaction to proceed more efficiently.
This streamlined approach is particularly valuable for homeowners who live outside the area, have inherited vacant properties, own investment properties requiring substantial repairs or simply wish to avoid the inconvenience of preparing a home for the traditional market.
RealEstateBuyer.ca purchases properties on an “as is, where is” basis. Subject to the terms of the purchase agreement, ownership transfers to RealEstateBuyer.ca upon closing, allowing sellers to complete their sale without the ongoing uncertainty of addressing future property-related concerns after the transaction has been finalized.
The company’s acquisition model is intended to remove many of the common uncertainties associated with traditional residential real estate transactions, including financing conditions, lengthy negotiation periods, repeated buyer visits and unexpected delays prior to closing.
RealEstateBuyer.ca currently purchases residential properties throughout the Greater Toronto Area, including Toronto, Peel Region, York Region, Durham Region and Halton Region, while also serving Hamilton, Burlington, Oakville, Milton, Guelph, Cambridge, Kitchener-Waterloo, London, Niagara Region and many surrounding communities across Southern Ontario.
The company has also expanded its direct home-buying operations into Alberta, including Calgary, Edmonton, Red Deer, Airdrie, Fort McMurray and surrounding municipalities, providing homeowners in those markets with the same opportunity to receive direct cash offers and flexible closing options.
Homeowners interested in selling can begin the process by submitting their property’s location and basic information through RealEstateBuyer.ca. The company reviews current market conditions, comparable sales, property characteristics and other available information before preparing a confidential, no-obligation cash offer.
For many sellers, the process eliminates months of uncertainty while providing a simple alternative to the traditional listing process. Rather than waiting for multiple showings, financing approvals and conditional offers, homeowners can work directly with RealEstateBuyer.ca to determine whether a cash purchase is the right solution for their circumstances.
The company believes that every homeowner deserves options. While selling on the open market remains appropriate for many properties, direct cash purchases can provide an effective alternative for those who prioritize certainty, speed, convenience and privacy over the traditional listing process.
As Canada’s housing market continues to evolve, Sam Kamra believes homeowners should have access to more than one path when it comes to selling their property. While the traditional MLS® process remains an excellent option for many sellers, it is not the right solution for every situation. Homeowners facing time-sensitive circumstances, complex properties or financing uncertainty often require greater flexibility and certainty than the conventional market can provide.
“Our goal isn’t to replace the traditional real estate market,” said Kamra. “It’s to provide homeowners with another option. Every property and every seller has different priorities. Some people want to maximize price through the open market, while others value speed, convenience, privacy and certainty. RealEstateBuyer.ca was built to provide a professional solution for homeowners who simply want a straightforward sale without many of the uncertainties that can accompany a traditional transaction.”
By combining licensed real estate experience with a direct purchasing model, RealEstateBuyer.ca has created a platform designed to simplify the selling process for homeowners across Ontario and Alberta. Whether a property requires significant repairs, is occupied by tenants, forms part of an estate, or presents financing challenges for conventional buyers, the company aims to provide a practical alternative through direct cash purchases and flexible closing options.
As market conditions continue to change, RealEstateBuyer.ca expects demand for direct home-buying services to increase as more homeowners seek dependable solutions that reduce uncertainty and allow them to move forward with confidence.
About Sam Kamra
Sam Kamra is a licensed Real Estate Sales Representative with RE/MAX Millennium Real Estate and the founder of RealEstateBuyer.ca. With more than 12 years of experience in residential real estate, Sam specializes in helping homeowners navigate both traditional real estate transactions and direct property sales. He has participated in transactions representing more than $1 billion in cumulative real estate value and is recognized for his expertise in residential sales, distressed properties, investment real estate, and complex real estate transactions throughout Southern Ontario. Homeowners can learn more about Sam and his services at SamKamra.ca, while his professional profile is also available on Realtor.ca.
About RealEstateBuyer.ca
RealEstateBuyer.ca is the direct home-buying division of Real Estate Bay. The company purchases residential properties directly from homeowners throughout Southern Ontario and major cities across Alberta using private capital. RealEstateBuyer.ca specializes in purchasing homes on an “as is, where is” basis, providing homeowners with direct cash offers, flexible closing dates and an alternative to the traditional home-selling process. Subject to the terms of each purchase agreement, ownership transfers to RealEstateBuyer.ca upon closing, allowing sellers to move forward with confidence following the completion of their sale.
About Real Estate Bay
Real Estate Bay is a Canadian real estate platform focused on residential real estate marketing, MLS® property listings and direct residential property acquisitions. In addition to operating RealEstateBuyer.ca, the company markets residential properties throughout Ontario and Alberta while continuing to expand its presence within Canada’s evolving housing market.
Media Contact
Sam Kamra
Founder, RealEstateBuyer.ca
220 Duncan Mill Road
Toronto, Ontario M3B 2V1
Telephone: 416-877-1307
Email: [email protected]
Website: RealEstateBuyer.ca
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AI is Transforming Education Planning as Singapore EdTech Startup ACANAV Reimagines Academic and Career Guidance
SINGAPORE AI-powered platform helps students and professionals navigate increasingly complex education and career decisions through personalised pathway planning. Artificial intelligence is rapidly transforming industries across the world, from healthcare and finance to software development. Yet one area that has remained largely fragmented is education and career planning. Singapore-based education technology startup ACANAV believes AI can […]
SINGAPORE
AI-powered platform helps students and professionals navigate increasingly complex education and career decisions through personalised pathway planning.
Artificial intelligence is rapidly transforming industries across the world, from healthcare and finance to software development. Yet one area that has remained largely fragmented is education and career planning. Singapore-based education technology startup ACANAV believes AI can fundamentally change how individuals navigate one of life’s most important decisions: choosing the right educational pathway to achieve their career aspirations.

Every year, millions of students, parents, graduates, and working professionals face an overwhelming number of choices when selecting universities, qualifications, scholarships, certifications, and career pathways. While information has become more readily available online, it remains scattered across hundreds of institutions, government agencies, scholarship providers, and independent websites, making informed decision-making increasingly difficult.
ACANAV was created to simplify this process.
Rather than functioning as another search engine, ACANAV uses artificial intelligence to guide users through a structured journey that begins with understanding their ambitions, interests, qualifications, financial considerations, and personal circumstances before generating personalised academic and career pathways.
“Our mission has always been simple,” said the ACANAV founding team. “We believe everyone deserves access to clear, personalised education and career guidance regardless of where they come from or what stage of life they are in.”
Moving Beyond Search
Traditional education planning often requires users to manually compare universities, research admission requirements, estimate tuition fees, identify scholarships, understand qualification pathways, and evaluate potential career outcomes across multiple websites.
ACANAV consolidates these fragmented sources into a single intelligent platform that helps users:
- Discover suitable careers aligned with their interests and aspirations.
- Explore universities and academic programmes across multiple countries.
- Compare institutions based on costs, entry requirements, and educational pathways.
- Identify relevant scholarship opportunities.
- Visualise complete education and career roadmaps.
- Develop practical step-by-step plans towards long-term career goals.
By combining AI with structured decision-making, ACANAV aims to reduce uncertainty while helping users make confident, informed choices.
Supporting Lifelong Learning
Education is no longer a one-time decision made during adolescence. Today’s workforce increasingly requires continuous learning, professional development, and career transitions throughout an individual’s lifetime.
Recognising this shift, ACANAV has been designed not only for students preparing for higher education but also for parents supporting their children’s educational journeys and professionals seeking to upskill, reskill, or pursue entirely new career paths.
“The future of work demands continuous learning,” the founding team added. “We see AI not as a replacement for educators or career counsellors, but as a tool that makes personalised guidance accessible to far more people than has traditionally been possible.”
Built in Singapore, Designed for a Global Community
Developed in Singapore, ACANAV reflects the country’s long-standing commitment to education, innovation, and technology. While initially serving users across multiple education systems, the company continues to expand its platform by incorporating additional institutions, scholarships, career insights, and AI capabilities to support an increasingly international audience.
As education becomes more global and career pathways continue to evolve, ACANAV aims to become a trusted companion for lifelong learning—helping individuals navigate the journey from ambition to opportunity with greater confidence and clarity.
To learn more about ACANAV, visit www.acanav.com or begin exploring personalised education and career pathways at path.acanav.com.
Media Contact Details
Shan Elan
Email: Send Email
Website: acanav.com
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A New Luxury Outdoor Category Emerges: Custom Tiki Environments by Tiki Palm Huts
Fort Lauderdale, FloridaTiki Palm Huts announces the introduction of a new luxury outdoor‑living category: Custom Luxury Tiki Environments, engineered for high‑end residential properties across Florida. This new offering elevates traditional tiki structures into fully customized, architecturally designed environments built for homeowners seeking resort‑level outdoor living at home.
Tiki Palm Huts announces the introduction of a new luxury outdoor‑living category: Custom Luxury Tiki Environments, engineered for high‑end residential properties across Florida. This new offering elevates traditional tiki structures into fully customized, architecturally designed environments built for homeowners seeking resort‑level outdoor living at home.
Fort Lauderdale, Florida
Tiki Palm Huts announces the introduction of a new luxury outdoor‑living category: Custom Luxury Tiki Environments, engineered for high‑end residential properties across Florida. This new offering elevates traditional tiki structures into fully customized, architecturally designed environments built for homeowners seeking resort‑level outdoor living at home.
These luxury environments combine structural engineering, premium synthetic materials, and refined Seminole‑inspired craftsmanship. Each build is designed as a complete outdoor experience, integrating multi‑post architecture, enclosed layouts, custom railings, and elevated design elements tailored to upscale residential spaces. The result is a new class of outdoor luxury that blends cultural tradition with modern construction standards.
“Our clients want more than a tiki hut — they want a luxury environment that transforms their property,” said Yordanka, owner of Tiki Palm Huts. “This new category allows us to design outdoor spaces that feel like private resorts, built with the highest level of craftsmanship and long‑term durability.”
The introduction of Custom Luxury Tiki Environments marks a significant expansion in Florida’s outdoor‑living market. Homeowners are increasingly investing in premium outdoor spaces that offer privacy, architectural impact, and year‑round usability. Tiki Palm Huts’ new luxury category meets this demand with engineered structures designed to withstand Florida’s climate while delivering a refined, high‑end aesthetic.
Each environment is fully customized, allowing homeowners to choose layout, scale, materials, and design features. Whether the goal is a gated retreat, a large entertainment space, or a signature architectural centerpiece, Tiki Palm Huts provides a tailored luxury solution supported by decades of craftsmanship and construction expertise.
Book an In‑Person Estimate
Florida homeowners seeking elevated outdoor living can now book an in‑person estimate for Custom Luxury Tiki Environments, along with additional services including Tiki Bars, Synthetic Huts, and Repair & Re‑Thatching.
7 am – 7 pm, 7 days a week
Media Contact Details
Yordanka Ramirez
Native American Chiki Huts/Tiki Huts LLC
Email: Send Email
Phone: 3528812124
Website: www.tikipalmhuts.com
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