First WEMA Magazine Features Prestige Project
The first WEMA Magazine featured Prestige Capital’s Calgary Airport Hotel and Conference Centre project. Here is an excerpt: Prestige Capital is a company that has taken advantage of the workings of the Exempt Market, and their goal is…
The first WEMA Magazine featured Prestige Capital’s Calgary Airport Hotel and Conference Centre project. Here is an excerpt:
Prestige Capital is a company that has taken advantage of the workings of the Exempt Market, and their goal is to help Calgary “become a world class destination for conference and business travel,” says Curtis Potyondi, President of Prestige Capital.
For this project, Prestige is raising a total of $43,000,000 in the Exempt Market. The executives at Prestige Capital attribute their success to having a sound balance sheet that can withstand changing economic climates. “When we present a business opportunity to the public we are always very cognizant that it makes proper business sense that gives our partners (investors) the best chance to make money like we have in our own businesses. We don’t believe in get rich quick schemes. We believe in sound business principles that can withstand fluctuations in business cycles over the long run,” states Ayaz Kara, one of the principles of Prestige Capital.
Curtis Potyondi attributes their success to this sound business acumen, as well as participation in Exempt Market funding to helping Prestige achieve their goals of strong financials, expedited project timelines as well as creating an environment where their private company could partner with public funds. Potyondi’s advice to anyone looking to raise capital in the Exempt Market is to make sure the securities is issued match the business model of the project. There needs to be a sound business model, as opposed to the terms of the investment driving business decisions.
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