Amended Press Release -- Investview Opts to Do a Perpetual Preferred Unit Offering in Lieu of the Tender Offering

This amended press release supersedes the release of 12/26/2019, and is being made pursuant to and in accordance with SEC Rule 135

This amended press release supersedes the press release issued December 26, 2019, and is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. This notice does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Eatontown, New Jersey, Dec. 31, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Investview, Inc. (OTCQB: INVU) has altered its plan to launch a tender offer to exchange shares of its outstanding Common Stock for newly-created shares of Series A Convertible Preferred in favor of issuing a Perpetual Preferred Unit Offering.

Investview Inc. has determined that it is in the best interest of our shareholders to not proceed with the tender offer in lieu of a better alternative.  As Investview worked with financial and legal professionals to evaluate various courses of action, the Company was presented with the alternative of issuing a Perpetual Preferred Unit Offering which is better suited for Investview and its shareholders.

The Company plans to file a registration statement on Form S-1 offering up to 2 million units at an offering price of $25 per Unit, each consisting of: (i) one share of 13% Cumulative Perpetual Preferred Stock having a stated value of $25 per share (the “Cumulative Preferred Stock”); and (ii) five common stock purchase warrants (the “Warrants”), each exercisable for five years from the effective date of the initial closing of the Registration Statement (the “Effective Date”) (together, the “Units”). The Cumulative Preferred Stock, the Warrants and the shares of Common Stock underlying the Warrants will be registered in the registration statement. The 13% per annum dividends for the first three years will be escrowed from the $25 Unit offering price, representing $9.75 per share, which will result in net proceeds to the Company of $15.25 per share before paying commissions and other expenses of the offering. These escrowed dividends shall be paid monthly from an escrow account that is yet to be established. The Company can redeem the Cumulative Preferred Stock after three years at the $25 per share stated value or at any time after the 36-month anniversary of the Effective Date. Starting in year four, if not redeemed, the Company will pay the $3.25 per share yearly dividends in twelve equal monthly installments and, if any dividends are not paid, they will be cumulative and be accrued.