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$PFSF is “One to Watch”
- Designing and powering Hyperledger blockchain technologies
- Creating solutions for sectors highly reliant on supply chain transparency and efficiency
- Business model allows for the creation of several wholly owned subsidiaries
- Working relationship with IBM provides expertise on supply chain implementations
- Management has more than 50 years of combined experience in finance, M&A, investments and more
- Advisory team led by Dr. Wang-Chan Wong, a 25-year veteran of global IT enterprise
Pacific Software Inc. (OTC: PFSF) is focused on the design, development, and distribution of Hyperledger blockchain technology solutions for application to the specific needs of agriculture, cannabis, and the opioid epidemic.
The basic requirements of the systems to be developed include high-throughput transaction processing, traceability or tracking, visibility or monitoring, and transparency throughout the supply and value chains for the stakeholders. The development of this architecture will serve as an online commercial portal to service Pacific Software’s B2B accounts in the sectors below.
Agriculture
For application of its Agri-blockchain based system, Pacific Software will target farm-to-consumer exports to increase transparency, combat theft and counterfeit products, and reduce the health risks associated with shipping “tainted” agricultural products to other countries.
Cannabis
Perceiving blockchain as an ideal mechanism for the complexities of the cannabis industry, Pacific Software will strive to improve the transparency, compliance, and efficiency of the “seed-to-sale” supply chain in states where the plant is legal.
Controlled Substances
With the misuse of opioids on the rise worldwide, Pacific Software aims to apply its blockchain-based system to track opioids from pharmaceutical production to consumers and attempt to identify “Bad Actors” in the supply chain and fight against the global epidemic.
Business Model
The portal will be structured in a B2B format where clients will pay the company transaction fees, royalties, cash, cash equivalents and other forms of compensation to utilize its Hyperledger blockchain applications for their business models.
As the company executes these strategies, each Hyperledger blockchain-based system designed may be organized separately in wholly owned subsidiaries. To enhance its portfolio of holdings, Pacific Software may consider investments in companies where selected markets have imminent profitable results, providing appreciable value for investors and shareholders.
For more information, visit the company’s website at www.PacificSoftwareInc.com
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About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
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$NUGL Launches Cannabis Brand Locator, Profile Claiming Features
LOS ANGELES, July 26, 2018 — via NetworkWire – NUGL Inc. (OTC:NUGL) (the “Company”), the cannabis industry’s new standard of technology, today announces the eagerly anticipated launch of its brand locator and profile claiming features for the cannabis community and its rapidly growing fan base.
NUGL’s platform is designed to serve cannabis-related businesses, products, services and users in a fresh and fair approach by building a community that truly meets the needs of the 420 industry. With the launch of two new features – profile claiming and brand locator – NUGL puts the power of self-promotion back into the hands of cannabis companies who can now build their own dedicated profile featuring their brands and services, while consumers are rewarded with the pleasure of discovering where they can purchase exactly what they want to buy.
“Brands are and will be the focus for us,” NUGL CMO Ryan Bartlett said. “Now users can search for brand specific items and see which stores offer these items, where they are located and read or offer their own unbiased reviews.”
Profile claiming provides the distinct benefit of linking cannabis-related brands to a specific profile, giving owners a dedicated platform to market to an identified consumer base of users. The brand locator gives cannabis companies the ability to promote their brands and connect with dispensaries and retail stores, upping the marketing potential for products, services and making it infinitely easier for consumers to actually find their favorite brands.
NUGL has also expanded its development team with the addition of two additional software developers. “Supporting the Company’s extraordinary growth and accelerated timeline for adding features to the NUGL app will keep the team busy,” said Jeff Odle, NUGL’s Chief Technical Officer.
“We have two more major features we are working to launch in the next few months and the added support will help expedite these valuable additions to our platform,” Odle said. “One of the features is an enhanced menu that will blow our user base away.”
NUGL’s user and profile base of listings and brands is growing fast with dispensaries, strains, doctors, lawyers, service professionals, vape shops, hydro stores and brands being added daily. NUGL has recently expanded outside of California and will continue to methodically market in each state.
About NUGL
NUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more.
For more information and updates, visit one of the links below.
Website: http://www.nugl.com/
Facebook: https://www.facebook.com/justnuglit/
Instagram: https://www.instagram.com/justnuglit/
Twitter: https://twitter.com/JustNUGLit
LinkedIn: https://www.linkedin.com/company/justnuglit/
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans”, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.
Contact Information:
Website: www.nugl.com
Email: info@nugl.com
Phone: (714) 383-9982
Corporate Communications Contact:
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$NETE Positioned to Continue Organic Growth with Launch of Smart Vendor Payments
- Received $7.55 million institutional investment to support growth
- Setting the standard for global cross-channel payments acceptance and value-added service offerings
- Global business-to-business sales estimated at $7.7 trillion compared to $2.3 trillion business-to-consumer market
- Executed several complex initiatives in 2017, continued to deliver double-digit percentage organic growth year-over-year
- Total transactions processed by NETE during first six months of 2018 at $50.2 million, up from $35.7 million during same period of 2017
Global financial services, technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) continues increasing profitability with a strong track record that includes processing transactions in over 50 countries and coming “close to the $3 billion mark” with over 154 million transactions, Net Element CEO Oleg Firer stated in an exclusive interview with NetworkNewsAudio (http://ccw.fm/Ty9Tr).
Key to this growth is the company’s next-generation Netevia platform that offers a smart solution that enables secure vendor payment transactions and streamlines business-to-business (“B2B”) transactions. Global B2B e-commerce gross sales are estimated at nearly $7.7 trillion compared to the $2.3 trillion business-to-consumer (“B2C”) market, according to Statista (http://ccw.fm/Kb4Y2).
The company’s Netevia platform streamlines B2B payments by improving vendor payment processes and reducing the costs to send payments through a user-friendly web and mobile platform interface. This streamlined transaction platform, developed for small and medium-sized businesses, brings comprehensive and innovative card payments-oriented solutions that enhance operations by enabling vendor payments.
With Netevia, business owners can safely integrate payment acceptance into their unique ecommerce solutions, allowing users to manage their vendors, process payments and handle invoices with existing accounting systems. Merchants can streamline their own processes, including marketing tools, payment mechanisms and point-of-sale devices, and can add features as needed. Payment solutions between vendor sales is also supported by Netevia (http://ccw.fm/8xdpX), and tech support is available at any time by phone, email or web chat – a critical benefit when dealing with international business ventures.
Businesses that use Netevia, which was launched in February 2018, can accept over 100 cashless payment methods in nearly two dozen currencies. Net Element is well positioned in 2018 following a $7.55 million institutional investment to support growth and the launch of a business unit focused on blockchain technology solutions that will empower users to create decentralized, customized payment products, accept cryptocurrency in a multi-channel environment without having to pay high fees, develop loyalty programs and more (http://ccw.fm/O36Uj).
For more information, visit the company’s website at www.NetElement.com
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About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
CryptoCurrencyNewsWire is where News, content and information converge via Crypto.
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$FRSX Looks to Lead Autonomous Vehicle Race with Merger and Series of Private Placements
- Foresight sets primary goal to sell prototype systems of QuadSight, its multi-spectral vision system for autonomous vehicles
- The company looks to establish mutual cooperation with key clients in automotive industry
- Foresight moves forward with plans to sell its Eyes-On automotive vision system to a leading Israeli vehicle importer
- Global autonomous vehicle market expected to reach $54.23 billion by 2026
While 2017 was the year of the electric vehicle, 2018 is slated to be the year of autonomy. Elon Musk predicted a fully autonomous Tesla (NASDAQ: TSLA) model by 2018, and General Motors Company (NYSE: GM) is slated to put its version of a fully autonomous car into production in 2019 (http://nnw.fm/8dcGM) (http://nnw.fm/S0kKL). The global autonomous vehicle market is expected to reach $54.23 billion by 2026 (http://nnw.fm/qh9F0). Well positioned to take advantage of the upcoming autonomous vehicle boom is Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), a technological innovator in automotive vision systems and driver assistance technology working to solve the complex nuances of autonomous driving.
Foresight creates products and solutions designed to drive the future of the semi- and fully-autonomous vehicle industry. The company was first conceptualized as a spin-off of major shareholder Magna B.S.P., an Israeli company that has provided innovative homeland security and surveillance technology solutions for the last 20 years. Foresight now uses the same technology to power two of its unique solutions: QuadSight and Eyes-On. Foresight’s third solution, EyeNet, is a cellular-based V2X accident prevention system.
Foresight recently signed a non-binding memorandum of understanding (“MOU”) with a leading importer of vehicles to Israel for the sale of its Eyes-On system for aftermarket configuration. As a first step, Foresight and the importer will carry out a pilot project using a beta version of the Eyes-On system during which the system will be integrated into a number of models from the importer’s fleet of vehicles. The MOU could potentially see the importer order 21,000 Eyes-On systems over three years. Eyes-On is an advanced driver assistance system (“ADAS”) that uses two cameras and stereoscopic technology to detect potential obstacles with a very high degree of accuracy. Stereoscopic technology uses two synchronized cameras to imitate human depth perception. Eyes-On is available as both an OEM and a retrofit solution.
Foresight’s focus for 2018 is QuadSight, according to a recent interview given by VP of Business Development Doron Cohadier. QuadSight is a multi-spectral vision system that uses four cameras (two visible light and two infrared cameras) to provide safety in all weather and lighting conditions, including extreme weather situations. One of Foresight’s main goals for this year is the sale of several QuadSight prototype systems. Foresight recently sold a couple of these prototype systems.
“These prototype systems will allow us to be in connection with various key stakeholders within the automotive industry at an early stage,” Cohadier explained in a news release. “And following that, we want to establish mutual cooperation with these key clients in the automotive industry.”
Foresight’s operates as a holding company with three pillars under it: Foresight Automotive Ltd., Eye-Net and Rail Vision. Foresight Automotive is dedicated to developing advanced accident prevention systems and solutions based on vision systems and stereoscopic technology, while EyeNet is focused on development of the EyeNet V2X (vehicle-to-everything) cellular-based accident prevention system that provides real-time pre-collision alerts to vehicles and pedestrians using smartphones and cellular networks. Rail Vision, of which Foresight has 35 percent equity, develops advanced systems for railway safety.
Another large goal for Foresight in 2018 is to complete the spinoff and merger of Eye-Net with Israeli company Tamda Ltd. (TASE: TMDA). The two companies signed a merger agreement in early May that will see Foresight establish a wholly owned subsidiary. Foresight will then transfer to the subsidiary all of Foresight’s rights and intellectual property for Eye-Net for no consideration. Upon closure of the merger, Foresight has agreed to transfer 100 percent of the share capital of the newly-created subsidiary to Tamda in exchange for approximately 74.49 percent of Tamda’s share capital as of the closing date of the transaction.
Foresight is well-positioned to reach these goals. The company recently attracted private placement agreements from several leading Israeli institutional investors. Harel Insurance invested $5.5 million, while Meitav Dash Group invested $4.1 million and Psagot Investment House another $1.4 million.
Cohadier also spoke to Foresight’s strong strategic positioning, saying “At the end of the day, an autonomous vehicle will have a few technologies on them for sensors for redundancy purposes. Basically, there won’t be one winning technology, there will be quite a few. But what we understood is vision will always be needed. Vision is the only sensor that can actually identify lanes, traffic signs, traffic lights, colours… If vision will always be needed and you require [it], you might as well have the best vision systems. We want to provide the market with the best vision systems.”
For more information, visit the company’s website at www.ForesightAuto.com
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About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
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$DPW Enertec Systems Awarded $4.3 Million Second-Stage Project
NEWPORT BEACH, CA, July 26, 2018 — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company, announced Enertec Corporation, the Israel-based defense solutions group of DPW subsidiary Coolisys Technologies, Inc., was awarded a $4.3 million second-stage contract award from an Israeli defense and aerospace contractor to supply computer-based command and control missile defense systems.
Zvi Avni, CEO of Enertec, said, “This important win is the result of a multi-year development effort, reinforcing Enertec’s strategic focus on missile defense systems and validating our ability to deliver complex command and control systems. We believe we are well-positioned to pursue additional orders for similar systems from existing and new customers.”
Coolisys’ President and CEO Amos Kohn stated, “This project illustrates Enertec’s growing reputation as an innovative provider of state-of-the-art missile defense and aerospace systems. Coolisys’ acquisition of Enertec in May 2018, as part of our strategy of growth through synergistic acquisitions, is enabling us to increase our revenues and expand our customer base. This win will help to further solidify Coolisys’ position as an advanced aerospace and defense technology supplier for major strategic defense programs.”
In 2015, Enertec developed and manufactured a deployable mobile command & control center for medium range ground-to-air missile defense systems for the same customer. The company expects to deliver a significant portion of the new second-stage project during 2018.
ABOUT ENERTEC SYSTEMS
Enertec Systems 2001, Ltd is a wholly owned subsidiary of Coolisys Technologies, Inc., part of DPW Holdings’ diversified portfolio. Enertec is Israel’s largest private developer and manufacturer of specialized electronic systems for the aerospace and defense markets. The company is recognized for providing multi-purpose turnkey systems designed to serve in harsh environments and battlefield conditions. Applications and products include mission computers, missiles launchers, command and control systems, automatic testing systems and power supply systems. Products and solutions are implemented in land and naval combat electronic systems, command and control centers, simulators and missiles systems. Enertec also provides precise calibrated solutions for medical OEMs. Coolisys Technologies acquired Enertec in May 2018. For more information please see www.enertec.co.il and www.coolisys.com.
ABOUT DPW HOLDINGS, INC.
DPW Holdings, Inc., (www.DPWHoldings.com), is a diversified holding company pursuing a growth strategy of acquiring undervalued assets and disruptive technologies with a global impact. The Company invests in diverse industries within the commercial, defense/aerospace, industrial, communication, medical, crypto-mining, hospitality, textile, and corporate investment/lending sectors. DPW has evolved and grown from being a leader in advanced power products. Through its subsidiaries, the company continues to be a leader and supplier of innovative technologies, advanced design and development services, and state-of-the-art power products and solutions. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.
Forward-Looking Statements
The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the anticipated shipment and revenue recognition of customer orders. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
###
Contacts: Ron Parham or Kirsten Chapman, LHA Investor Relations, 415.433.3777, dwpholdings@lhai.com
$TORC Announces Positive Topline Results in Phase 2b Trial of RTB101
— Statistically significant and clinically meaningful 30.6% reduction in the percentage of patients with one or more laboratory-confirmed respiratory tract infections (RTIs), the primary endpoint of the trial, in the RTB101 10 mg once daily cohort compared to the placebo cohort —
— Statistically significant 68.4% reduction in the incidence of laboratory-confirmed RTIs in the pre-specified analysis of asthma patients 65 years and older treated with RTB101 10 mg once daily —
— Statistically significant 66.7% reduction in the incidence of laboratory-confirmed RTIs in the pre-specified analysis of patients 85 years and older treated with RTB101 10 mg once daily —
— All doses were well-tolerated; RTB101 10 mg once daily had a comparable safety profile to placebo —
— The Phase 2b trial successfully identified a dose and patient populations with high unmet need for upcoming pivotal trials —
— Conference call 8:30 AM Eastern Time today —
BOSTON, July 25, 2018 — resTORbio, Inc. (Nasdaq:TORC) today announced positive topline results from its dose-ranging Phase 2b clinical trial that enrolled 652 elderly patients at increased risk of morbidity and mortality associated with respiratory tract infections (RTIs). In this trial, RTB101, an oral, selective, and potent inhibitor of target of rapamycin complex 1 (TORC1), demonstrated a statistically significant and clinically meaningful reduction in the percentage of patients with one or more laboratory-confirmed RTIs during the 16-week treatment period compared to placebo, the primary endpoint of the study, with the 10 mg once daily dose. Greater TORC1 inhibition with RTB101 10 mg in combination with everolimus 0.1 mg did not meet the primary endpoint, suggesting that that less TORC1 inhibition with RTB101 10 mg once daily may have greater benefit in high-risk elderly patients.
“This Phase 2b has successfully defined a dose, RTB101 10 mg once daily, to be evaluated in future pivotal studies. That dose led to a statistically significant decrease in the incidence of laboratory-confirmed RTIs and was well-tolerated in the high-risk elderly patients enrolled in the Phase 2b study. We have also identified patient populations that were particularly high responders,” said Joan Mannick, M.D., Co-Founder and Chief Medical Officer of resTORbio. “We believe the findings of this trial provide us with a clear path forward for pursuing a pivotal program for RTB101 to reduce the incidence of RTIs in high-risk elderly patients. We look forward to working closely with the U.S. Food and Drug Administration (FDA) and other regulatory agencies on this program.”
“The majority of RTIs requiring hospitalizations in the very elderly and the majority of asthma exacerbations are caused by viruses for which there are currently no approved therapies,” said Professor Sebastian Johnston, Professor of Respiratory Medicine and Allergy at the National Heart and Lung Institute, Imperial College London. “The magnitude of reduction in the incidence of laboratory-confirmed RTIs observed with RTB101 suggests that, if successfully developed and approved, RTB101 may be a new promising treatment for the very elderly and elderly patients with asthma who are at high risk of morbidity and mortality associated with RTIs.”
“The primary endpoint of this Phase 2b study, the percentage of patients with laboratory-confirmed RTIs, was chosen based on feedback from the FDA, and we look forward to discussing these results at our end of Phase 2 meeting with the agency,” said Chen Schor, Co-Founder, President and CEO of resTORbio. “RTIs are the fourth leading cause of hospitalization in patients 65 years and older, and the second leading cause of hospitalization in patients 85 years and older in the U.S. We are committed to helping the millions of elderly patients at high risk of morbidity and mortality due to RTIs.”
The Phase 2b trial was a two-part, randomized, double-blind, placebo-controlled clinical trial conducted during the winter cold and flu season in the southern hemisphere (Part 1) and northern hemisphere (Part 2). Patients enrolled were those at increased risk of morbidity and mortality from RTIs including patients who were: (i) 85 years of age or older, or (ii) 65 years of age or older with asthma, type 2 diabetes mellitus (T2DM), chronic obstructive pulmonary disease (COPD), or current smokers. The doses investigated in Part 1 were RTB101 5 mg and RTB101 10 mg once daily. The doses investigated in Part 2 were RTB101 10 mg once daily, RTB101 10 mg twice daily and RTB101 10 mg in combination with everolimus 0.1 mg once daily.
The following was observed in an analysis of the primary endpoint:
- A 30.6% decrease relative to placebo in the percentage of all patients treated with RTB101 10 mg once daily who developed one or more laboratory-confirmed RTIs (p=0.026)
- A 20.6% decrease relative to placebo in the percentage of all patients treated with RTB101 5 mg once daily who developed one or more laboratory-confirmed RTIs (p=0.108)
- No decrease relative to placebo in the percentage of patients treated with either RTB101 10 mg twice daily or the combination of RTB101 10 mg + everolimus 0.1 mg once daily who developed one or more laboratory-confirmed RTIs, suggesting that less TORC1 inhibition with RTB101 10 mg once daily may have greater benefit in high-risk elderly patients
To better understand the activity observed in the RTB101 10 mg once daily cohort, a pre-specified analysis of each patient subgroup enrolled in the study was conducted. The following decreases in the percentage of patients with laboratory-confirmed RTIs were observed in the RTB101 10 mg once daily cohort as compared to the placebo cohort:
- A 68.4% decrease in all asthma patients (p=0.0002)
- A 66.7% decrease in all patients 85 years of age and older (p=0.007)
- A 26.9% decrease in all T2DM patients (p=0.020)
- No decrease was observed in either COPD patients or current smokers; a 42.0% decrease in all patients was observed when excluding patients with COPD (p=0.002) and a 43.9% decrease in all patients was observed when excluding current smokers (p=0.001)
All doses were observed to be well-tolerated. Data from the RTB101 10 mg once daily cohort are as follows: Adverse events (AEs) were balanced between the RTB101 10 mg once daily and placebo treatment groups. 4.5% of subjects in the RTB101 10 mg once daily cohort and 7.2% of subjects in the placebo cohort had a serious adverse event, none of which were considered related to study drug. 4.5% of subjects in the RTB101 10 mg once daily cohort and 6.1% of subjects in the placebo cohort discontinued study drug due to an AE. All AEs were mild or moderate except for 11 severe AEs in the RTB101 10 mg once daily cohort and 22 severe AEs in the placebo cohort.
This Phase 2b is the second study in which RTB101 10 mg once daily was observed to be well-tolerated and reduce the incidence of RTIs in the elderly. Together, these studies enrolled more than 900 elderly people.
Conference Call and Webcast Information
resTORbio management will host a conference call today at 8:30 a.m. ET to discuss the results of the Phase 2b trial. To participate in the conference call, please dial (877) 356-9149 (domestic) or (629) 228-0720 (international) and refer to conference ID 3181638. A live webcast of the call can be accessed in the “Investors” section of the Company’s website at www.restorbio.com. An archived webcast recording will be available on the resTORbio website beginning approximately two hours after the call.
The purpose of the exploratory dose-finding, randomized, double-blind, placebo-controlled, multi-center Phase 2b clinical trial was to determine if RTB101 alone or in combination with everolimus decreased the incidence of RTIs in high-risk elderly patients, as well as to evaluate safety and tolerability alone or in combination with everolimus, to support dose selection for pivotal trials.
The study enrolled 652 patients at increased risk of morbidity and mortality from RTIs including patients who were: (i) 85 years of age or older, or (ii) 65 years of age or older with asthma, T2DM, COPD, or current smokers. The study consisted of two parts. Part 1 was conducted during the winter cold and flu season in the southern hemisphere and 179 elderly patients were randomized to receive either placebo, RTB101 5 mg or RTB101 10 mg once daily. At the end of Part 1, an interim analysis was conducted by an unblinded data monitoring committee who selected the RTB101 10 mg dose to move forward into Part 2 of the study. Part 2 was conducted during the winter cold and flu season in the northern hemisphere and 473 elderly patients were randomized to receive either placebo, RTB101 10 mg once daily, RTB101 10 mg twice daily, or RTB101 10 mg in combination with everolimus 0.1 mg once daily. All patients were treated with study drug for 16 weeks, and then were followed for an additional eight weeks off study drug.
The primary endpoint of the trial was a reduction, as compared to placebo, in the percentage of patients with one or more laboratory-confirmed RTIs during the 16 weeks of study drug treatment. A pre-specified exploratory endpoint was a reduction, as compared to placebo, in the percentage of patients with one or more laboratory-confirmed RTIs in each of the patient subgroups (≥ 85 years of age, ≥ 65 years of age with asthma, COPD, T2DM, or current smokers).
Additional information about the study [NCT03373903] can be obtained at www.ClinicalTrials.gov.
About Respiratory Tract Infections
The reduced ability of the aging immune system to effectively detect and fight infections results in increased susceptibility of the elderly to RTIs. In the U.S., RTIs are the fourth leading cause of hospitalizations and seventh leading cause of death in people age 65 years and older. Additionally, the majority of asthma exacerbations are caused by RTIs, and the majority of RTIs are caused by viruses for which there are no currently approved therapies.
A survey was conducted by resTORbio of 100 physicians in the U.S. that treat approximately 25,000 patients aged 65 years or older monthly. Depending on their specialty, the physicians surveyed estimated that they would prescribe a therapeutic that reduced the incidence of laboratory-confirmed RTIs by 25% to approximately 30-50% of their high-risk elderly patients. Data from market surveys may not predict actual prescribing behavior should RTB101 receive regulatory approval.
About RTB101
RTB101 is an oral, selective, and potent inhibitor of TORC1. RTB101 inhibits the phosphorylation of multiple targets downstream of TORC1. Inhibition of TORC1 has been observed to extend lifespan and healthspan in aging preclinical species and to enhance immune, cardiac and neurologic functions, suggesting potential benefits in several aging-related diseases.
About resTORbio
resTORbio, Inc. is a clinical stage biopharmaceutical company targeting TORC1 and other biological pathways that regulate aging to develop innovative medicines with the potential to extend healthy lifespan. resTORbio’s lead program is selectively targeting TORC1, an evolutionarily conserved pathway that contributes to the decline in function of multiple organ systems, including the immune, cardiovascular and central nervous systems.
Forward Looking Statements
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the federal securities laws. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, express or implied statements or guidance regarding our plans to develop and commercialize RTB101 alone or in combination with everolimus, including the therapeutic potential and clinical benefits thereof, and the potential patient populations that may be addressed by our product candidates, our ongoing and future clinical trials for RTB101 alone or in combination with everolimus, including the timing of the initiation and anticipated results of these trials, as well as the intended regulatory path for our product candidates and interactions with regulatory authorities, constitute forward-looking statements identified by words like “believe,” “expect,” “may,” “will,” “should,” “seek,” “anticipate,” or “could” and similar expressions. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, including, without limitation, risks associated with: the delay of any planned clinical trials and/or development of RTB101, either alone or in combination with everolimus; our ability to successfully demonstrate the efficacy and safety of our lead product candidate; the clinical results for our lead product candidate which may not support further development of additional indications; and obtaining, maintaining and protecting our intellectual property; as well as those risks more fully discussed in the section entitled “Risk Factors” in the Annual Report on Form 10-K filed by resTORbio, Inc. with the Securities and Exchange Commission, as well as discussions of potential risks, uncertainties, and other important factors in our subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent our views only as of today and should not be relied upon as representing its views as of any subsequent date. resTORbio explicitly disclaims any obligation to update any forward-looking statements.
Investor Contact:
Jennifer Robinson
resTORbio, Inc.
875-772-7029
jrobinson@restorbio.com
Media Contact:
Courtney Heath
Scient PR
617-872-2462
courtney@scientpr.com
$DPW Announces Microphase Corp.’s $2.1M Contract with U.S. Defense Contractor
NEWPORT BEACH, Calif., July 23, 2018 — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company, announced Microphase Corporation, a division of DPW subsidiary Coolisys Technologies, Inc., won a $2.1 million contract award from a first-tier U.S. government defense contractor to supply its sophisticated communications filters to be used in combat warfare system components.
Microphase, which has supplied earlier versions of the component to this defense contractor since October 2015, expects shipment of the component to commence in late 2018 or early 2019.
Microphase General Manager Rock Martel stated, “We are committed to our customers and believe this significant, multi-year follow-on order illustrates our customers’ confidence in our ability to meet their needs. Microphase’s innovative radio frequency (RF), microwave and millimeter-wave technology solutions and products enable our customers to achieve higher performance and reliability at a reduced cost.”
ABOUT MICROPHASE CORPORATION
Microphase Corporation, a majority-owned subsidiary of Coolisys Technologies, Inc., a part of DPW Holdings’ diversified portfolio, is an innovative and trusted supplier of advanced electronic technology solutions across a diverse mix of markets. Microphase designs, develops, and manufactures standard and customized state-of-the-art RF, Microwave, and Millimeter-wave components, devices, subsystems and integrated modules primarily for the Defense & Aerospace markets. For more information please see www.Microphase.com and www.Coolisys.com.
ABOUT DPW HOLDINGS, INC.
Headquartered in Newport Beach, CA, DPW Holdings, Inc., (www.DPWHoldings.com), is a diversified holding company pursuing a growth strategy of acquiring undervalued assets and disruptive technologies with a global impact. The Company invests in diverse industries within the commercial, defense/aerospace, industrial, communication, medical, crypto-mining, hospitality, textile, and corporate investment/lending sectors. DPW has evolved and grown from being a leader in advanced power products. Through its subsidiaries, the company continues to be a leader and supplier of innovative technologies, advanced design and development services, and state-of-the-art power products and solutions. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, CA 92663; www.DPWHoldings.com.
Forward-Looking Statements
The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the anticipated shipment and revenue recognition of customer orders. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
###
Contacts: Ron Parham or Kirsten Chapman, LHA Investor Relations, 415.433.3777, dwpholdings@lhai.com
$TGODF Spin Off Provides Cannabis Investors with Ground Floor Opportunity
SEATTLE, July 25, 2018 — CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering The Green Organic Dutchman Ltd.’s (TSX:TGOD) (OTCQX:TGODF) recently proposed spin off of a company focused on investments and acquisitions. TGOD raised more than C$115 million in an initial public offering at C$3.65 about three months ago. Since then, the stock soared to a high of C$7.87 before settling in the C$6.00 range over the past few weeks, netting investors a return of over 60 percent (assuming a sell price of $6) in less than six months. Investors that missed the original IPO may have another opportunity in the form of a planned spin off during the fourth quarter of this year.
Invest Alongside Management and Insiders in a Seed Round
The same team behind The Green Organic Dutchman’s successful IPO plans to create a new company, TGOD Acquisitions, that will be spun off as a special dividend providing TGOD shareholders the ability to purchase a Unit in TGOD Acquisitions for $0.50. Management believes that the new IPO presents investors with a unique opportunity to tap into TGOD’s significant expertise and participate at a seed level that’s typically reserved for management, employees, close friends and family.
“This is an incredible opportunity for TGOD to transfer expertise and monetize our proprietary knowledge from the Canadian marketplace,” said TGOD CEO Brian Athaide. “We will partner with innovative and disruptive companies that we can assist with capital market knowledge and unique retail-exclusive financing methods. The intention is to raise additional capital and list TGOD Acquisition on the Canadian Securities Exchange.”
The new company will focus on strategic acquisitions and worldwide opportunities that are not core to TGOD’s own business in Canada. With its listing on the Canadian Securities Exchange the new company will be permitted to participate in the United States cannabis industry, which is off-limits for companies that are listed on the Toronto Stock Exchange. It could also participate in other markets around the world, including growing European markets.
A Closer Look at the Transaction
The Green Organic Dutchman will distribute a warrant to acquire a TGOD Acquisitions unit for $0.50 to its shareholders. Each unit will consist of one share plus an additional warrant that will be triggered by a subsequent financing following the initial offering. The distribution will be paid on the basis of one warrant for every 6.67 TGOD shares owned on the record date, which will be fixed by the board of directors over the near-term.
The only way to increase exposure to TGOD Acquisitions is through an increased position in TGOD common shares prior to the record date, that has yet to be set.
TGOD and TGOD Acquisitions will enter into a repayable funding agreement whereby TGOD will provide C$25 million of working capital to TGOD Acquisitions that will be repayable by TGOD Acquisitions prior to the completion of any investment. In consideration, TGOD Acquisitions will issue a restricted warrant to purchase 50 million common shares for a period of 25 years from the date upon TGOD Acquisitions beings trading on the CSE.
Units that aren’t purchased by investors will be backstopped by TGOD management. Following the completion of the spin off, TGOD Acquisitions will operate at arm’s length to TGOD and will have an independent board of directors and management team. The details of the new board and management team will be announced with the filing of materials at a special meeting of TGOD shareholders to approve the transaction.
Watch a recent executive interview here.
TGOD VP of Investor Relations, Danny Brody, gives an overview of the company’s current position in the legal cannabis market as a certified organic producer. He also discusses the company’s ambitious international plans, and TGOD’s positioning in the emerging edibles and beverages space. Filmed at the O’Cannabiz Expo in Toronto, June 8, 2018.
Looking Ahead
The Green Organic Dutchman Ltd.’s (TSX:TGOD) plans to spin off TGOD Acquisitions could generate tremendous value for shareholders. Rather than expanding its own scope, the company is providing its shareholders with an opportunity to invest in an internationally-focused cannabis company that leverages the same intrinsic value. TGOD shareholders can then focus on a pureplay in the Canadian market.
For more information, visit the company’s website at www.tgod.ca.
Please follow the link to read the full article: http://www.cannabisfn.com/tgod-spin-off-provides-cannabis-investors-ground-floor-opportunity/
About CFN Media
CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.
Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany
Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8
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Disclaimer
CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.
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$SNNVF Vertically Integrated Structure Strengthened by Several Subsidiaries
- Operating in world’s two largest cannabis markets – California and Canada
- Vertically integrated structure extracts value along the supply chain
- Pre-production sales strategy mitigates risk
What can you give a company, like Vancouver, British Columbia-based Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), that seems to have everything? For starters, this vertically-integrated producer of medical and recreational cannabis has a presence in California and Canada, the world’s two largest cannabis markets. Through several wholly-owned subsidiaries, it has operations in cannabis grow facilities, cannabis extraction facilities, medical cannabis clinics and the cannabis white label business. Moreover, a large part of its estimated total output for the next two years has already been sold as pre-production, even before the completion of grow facilities – a sure signal of customer trust. Even though its grow activities are yet to make a contribution, Sunniva is already generating revenue. With all that in place, this is a company whose future looks as bright as its name, which is derived from an old English word meaning ‘gift of the sun’.
Sunniva is into large-scale low-cost production. Through subsidiary CP Logistics, the company is close to completing a cGMP-compliant greenhouse facility in Cathedral City, California, that will have an estimated annual output cannabis capacity of 100,000 kilos. cGMP (current Good Manufacturing Practice) regulations are mandated by the U.S. Food and Drug Administration (FDA) to ensure proper design, monitoring and control of manufacturing processes and facilities. Phase 1 of the project involves the development of a 325,000 square foot greenhouse capable of producing 60,000 kilos per year of dry cannabis at capacity with operations commencing in Q4 2018. Approximately 30 percent of initial production has been committed for conversion to oils and extracts. Phase 2 is expected to increase the greenhouse space by 164,000 square feet and increase output capacity by some 40,000 kilos per year.
The location and design choices were made with a focus on low-cost production in mind. The abundant sunlight in California will reduce energy costs, while the highly automated operations will ensure the most efficient production processes are employed. In California also, close to its Cathedral City Campus, Sunniva is operating an extraction facility, through subsidiary CP Logistics. The Sun Oil extraction facility, which has an oils and extracts manufacturing license, is currently being upgraded with additional equipment (http://nnw.fm/o6mFk).
Furthermore, Sunniva recently broke ground at a recently acquired facility, in Canada, with similar production capacity, and work is now continuing at that 126-acre site in Okanagan Falls, British Columbia. The 740,000 square foot facility will have an estimated output capacity of 100,000 kilos annually and is expected to become operational in Q1 2019. About 75 percent of its output will be pre-sold on a wholesale basis (http://nnw.fm/x5YQd).
Natural Health Services Ltd. is a network of medical cannabis clinics in Canada that offers patients access to medical practitioners specializing in the endocannabinoid system. This Sunniva subsidiary also connects patients with licensed producers through its SPARK proprietary software system, allowing Sunniva to capture revenue from patient purchases. As soon as the facilities become operational, Sunniva intends to start marketing its own produced cannabis The network currently has over 95,000 patients (over one-third of all Canadian medical cannabis patients), and it has agreements in place with 27 licensed producers.
Sunniva’s seed-to-sale, vertically integrated structure is also bolstered by its Full Scale Distributers (FSD) subsidiary, which markets vaporizers and accessories under the Vapor Connoisseur brand. FSD also provides white label packaging and labelling services to over 80 brands in North America, making it a clear leader in the space. It will design custom vapor hardware for any specification of cannabis oil or concentrate. Now, with the addition of the Sun Oil Facility, customers can also have their extraction and processing done; cartridges can be filled, assembled, labeled and packaged according to their own standards and branding, as well as shipped to their final destinations.
The company recently announced voting results of the Annual General and Special Meeting of Shareholders held on June 27, 2018 (http://nnw.fm/y23GS).
For more information, visit the company’s website at www.sunniva.com
More from NetworkNewsWire
- Net Element, Inc. (NASDAQ: NETE) Positioned to Continue Organic Growth with Launch of Smart Vendor Payments Solution for B2B Sales
- Medical Cannabis Payment Solutions (REFG) Announces Key Addition to Advisory Board
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About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
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Editor@NetworkNewsWire.com
$NETE Positioned to Continue Organic Growth
- Received $7.55 million institutional investment to support growth
- Setting the standard for global cross-channel payments acceptance and value-added service offerings
- Global business-to-business sales estimated at $7.7 trillion compared to $2.3 trillion business-to-consumer market
- Executed several complex initiatives in 2017, continued to deliver double-digit percentage organic growth year-over-year
- Total transactions processed by NETE during first six months of 2018 at $50.2 million, up from $35.7 million during same period of 2017
Global financial services, technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) continues increasing profitability with a strong track record that includes processing transactions in over 50 countries and coming “close to the $3 billion mark” with over 154 million transactions, Net Element CEO Oleg Firer stated in an exclusive interview with NetworkNewsAudio (http://nnw.fm/547Sh).
Key to this growth is the company’s next-generation Netevia platform that offers a smart solution that enables secure vendor payment transactions and streamlines business-to-business (“B2B”) transactions. Global B2B e-commerce gross sales are estimated at nearly $7.7 trillion compared to the $2.3 trillion business-to-consumer (“B2C”) market, according to Statista (http://nnw.fm/FPuy2).
The company’s Netevia platform streamlines B2B payments by improving vendor payment processes and reducing the costs to send payments through a user-friendly web and mobile platform interface. This streamlined transaction platform, developed for small and medium-sized businesses, brings comprehensive and innovative card payments-oriented solutions that enhance operations by enabling vendor payments.
With Netevia, business owners can safely integrate payment acceptance into their unique ecommerce solutions, allowing users to manage their vendors, process payments and handle invoices with existing accounting systems. Merchants can streamline their own processes, including marketing tools, payment mechanisms and point-of-sale devices, and can add features as needed. Payment solutions between vendor sales is also supported by Netevia (http://nnw.fm/N3aYc), and tech support is available at any time by phone, email or web chat – a critical benefit when dealing with international business ventures.
Businesses that use Netevia, which was launched in February 2018, can accept over 100 cashless payment methods in nearly two dozen currencies. Net Element is well positioned in 2018 following a $7.55 million institutional investment to support growth and the launch of a business unit focused on blockchain technology solutions that will empower users to create decentralized, customized payment products, accept cryptocurrency in a multi-channel environment without having to pay high fees, develop loyalty programs and more (http://nnw.fm/N3aYc).
For more information, visit the company’s website at www.NetElement.com
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- PreveCeutical Medical’s (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Breakthrough Sol-gel Drug Delivery Platform Featured in Proactive Investors Interview
- Auscrete Corp. (OTC: ASCK) is “One to Watch”
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
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$FRSX Self-Driving & EVs Combining to Make the Cars of the Future
NetworkNewsWire Editorial Coverage: Self-driving and electric cars are poised to combine production efforts as both technologies mature.
- Investment in self-driving vehicles is growing, leading to the emergence of specialist companies.
- Electric cars are also on the rise, supported by the infrastructure of apps and charging points.
- Both engineering and human factors suggest that these technologies are likely to combine.
- Support from the Chinese government is pushing these technologies forward in one of the world’s most important markets.
The growth of advanced automotive technology has led to the rise of companies such as Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) (FRSX Profile), an innovator in advanced vision sensor systems for assistant driving, semi and fully autonomous vehicles. Tesla Inc. (NASDAQ: TSLA) is pairing sensor technology with electric motor vehicles and has recently found a foothold in China. General Motors Company (NYSE: GM) will start mass production of self-driving vehicles next year and has been pushing its latest electric SUV to the Chinese market. Apple Inc. (NASDAQ: AAPL) is developing a sophisticated self-driving system that fuses multiple sensor inputs. And Intel Corporation (NASDAQ: INTC) has joined the sector by acquiring Mobileye, bringing its technological clout to sensor technology.
Two Trends Becoming One
Two important trends in car design have been emerging over the past 20 years. One is the shift toward electric vehicles. Driven by a desire for cleaner air, better health and a more sustainable planet, designers have been creating vehicles that can reduce pollution by running on electricity instead of gas.
The other trend is a shift toward autonomous vehicles. These self-driving cars will not only save travelers from the laboriousness of driving, they are also expected to reduce traffic accidents and increase the efficiency of traffic flows by removing human error from decision-making on the road. For years, these two developments have existed in parallel. Now they’re coming together.
Parallel Developments
Though many people still see self-driving cars as science fiction dreams, such vehicles are coming close to reality. Big players such as Tesla and General Motors are pushing forward with this technology, showing their faith in the market. Alongside them, a wealth of smaller specialist businesses, including Foresight Autonomous Holdings (NASDAQ: FRSX) (TASE: FRSX), are emerging to provide critical components.
Foresight’s growth provides an example of how the market has matured. Founded in 2015, the company designs, develops and commercializes vision sensor systems for assistant driving, semi and fully autonomous vehicles. These systems include sensors, processors and software that allow a vehicle to make sense of that information. As explained in a CNBC article on “What Driving Will Look Like in 2028,” these systems serve as the eyes of a self-driving vehicle and will be vital to the automated-driving industry’s success. There’s enough interest in automated driving not only to support a specialist company such as Foresight but to also see it flourish.
Meanwhile, electric cars are already on the streets in commercial production. Hybrids have become the first choice of environmentally conscious drivers. Charging points are springing up in cities across the world, with specialist apps available to help drivers find charging points. While both sectors are diversifying individually, with specialist services such as these apps and Foresight’s passive sensors, they are also growing closer together.
Related Developments
Analysis by Lux research indicates that battery-powered engines and sensor-equipped self-driving vehicle manufacturing will almost inevitably merge with each other. There are practical engineering reasons for this, tied to the batteries of electric vehicles. It will be far easier for a self-driving car to drive into a wireless charging station than to refuel at a gas station where a human being must be available to pump gas.
In addition, the voltage and storage capacity of an electrical vehicle’s battery are better suited than the capacity of a conventional fossil fuel-powered car’s battery for sustaining self-driving equipment such as Foresight’s sensors and processors. This gives designers more freedom to create the best possible sensor and processing technology for self-driving vehicles.
Automated driving could help to solve one of the biggest drawbacks of electric cars: driving distance ranges. Automated driving leads to more efficient driving, reducing a vehicle’s fuel consumption and allowing electric cars to travel farther before they need to recharge.
The behavior of consumers will also play a part in this merging trend. Early adopters who pay a high price for Tesla’s electric cars are more likely to try out other innovations, such as the self-driving vehicles that use vision sensors like Foresight’s. They will want to see these features combined, and manufacturers will be keen to fulfill this request because winning the support of this group is vital to the success of any product.
Both technologies are expected to mature enough for mainstream use around the same time. They are forecast to hit the mass market together, and so it will make commercial sense to combine them.
And finally, the behavior of governments will push the technologies together. The increased safety of self-driving vehicles will lead governments to encourage implementation of the vehicles. Many governments are already encouraging the use of electric cars over vehicles that use petroleum or diesel. As legislation enforces these changes, manufacturers will have to adopt both technologies.
Big in China
China is emerging as the dominant economic power of the 21st century, and therefore, the adoption of these technologies in that country will be critical. China’s leaders are eager to be at the forefront of emerging technologies. This is reflected in the way they have encouraged the country’s car manufacturers to adopt electric engines. Chinese manufacturers BAIC and Geely have both made recent pushes in this direction, while Chinese tech giant Baidu is accelerating the development of its self-driving vehicle platform.
This is good news for many tech companies outside of China, as it creates opportunities to sell self-driving and electric car technology in a rapidly growing market. A leading global Chinese electric vehicle manufacturer has already ordered a prototype of QuadSight vision system. If that company’s evaluation of QuadSight is positive, the system may then be built into a new range of autonomous electric vehicles, putting Foresight at the heart of these combined systems.
The Road to Electric and Automation
As interest in electric and automated vehicles grows, companies are tackling the resulting challenges in a range of different ways.
Tesla Inc. (NASDAQ: TSLA) is already exploring both self-driving vehicles and electrics and, therefore, is one of the front-runners in the race to get an automated electric car to market. Its self-driving systems have suffered some setbacks in field testing as a result of accidents on the road, but the company has also scored some notable successes. Tesla recently reached a deal with the Chinese government to set up a factory in China, giving it access to that large and growing market. With capacity to produce 500,000 cars per year, this could easily become one of the most important car manufacturing plants in the world.
Established automotive giants are adapting to the changing consumer climate. General Motors Company (NYSE: GM) has announced that it will start mass production of a self-driving car for the first time next year at a plant in the United States. The company also has an eye on the Chinese market, where it recently showed off its latest electric car design for the first time. The Buick Enspire SUV went on display at Auto China 2018 in Beijing in April, drawing attention with its powerful and fast-charging technology.
Always striving to be at the forefront of technology, Apple Inc. (NASDAQ: AAPL) has been working on both electric and self-driving cars. Secrecy shrouds much of its work, but it is generally known that the company started on an electric car in 2014 before scaling back its operations to focus on self-driving systems for use with other manufacturers. A recent legal case has revealed some details about what Apple is doing, including fusing multiple inputs into a single sensor system to create a more sophisticated self-driving vehicle.
Intel Corporation (NASDAQ: INTC), another company not known for working with cars, has become a significant player through its recent acquisition of Mobileye. This subsidiary specializes in the production of advanced driver assistance systems, using sensors and processors to help people drive more safely and efficiently. This is the sort of technology that has laid the groundwork for self-driving and that is now being utilized in automatic vehicle systems.
Both self-driving and electric vehicles are developing quickly, thanks to the efforts of a growing number of companies. The two sectors appear certain to combine, giving both spaces a better chance to thrive. The adoption of both types of vehicles in China will only add to the momentum, increasing the chances that today’s drivers may live to see the cars of the future.
For more information on Foresight Autonomous Holdings, visit Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX)
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
NetworkNewsWire (NNW)
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212.418.1217 Office
Editor@NetworkNewsWire.com
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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW undertakes no obligation to update such statements.
$TAX Announces John Hewitt’s Sale of Stake
VIRGINIA BEACH, Va., July 24, 2018 — Liberty Tax, Inc. (NASDAQ:TAX) (the “Company”), the parent company of Liberty Tax Service, announced today that John T. Hewitt, the Chairman of the Company’s Board of Directors (the “Board”), former Chief Executive Officer of the Company and founder of the Company, entered into an agreement to sell all of the shares of the Company’s Class A Common Stock and Class B Common Stock owned directly or indirectly by him (the “Sale”) to an unaffiliated third party, Vintage Tributum LP, an affiliate of Vintage Capital Management, LLC, an Orlando-based investment firm that focuses on public and private market investments in the consumer, manufacturing and defense industries (“Vintage”). The Sale is expected to close promptly. In connection with the Sale, the shares of the Company’s Class B Common Stock will convert into shares of the Company’s Class A Common Stock, and no shares of the Company’s Class B Common Stock will remain outstanding. In addition, Vintage also entered into an agreement with other stockholders of the Company to purchase additional shares of the Company’s Class A Common Stock.
In connection with the Sale, Mr. Hewitt agreed to tender his resignation to the Board and to cause the following members of the Board (all previously elected to the Board by Mr. Hewitt) to tender their resignations to the Board, effective upon the closing of the Sale: Gordon D’Angelo, Ellen M. McDowell, Nicole Ossenfort and John Seal. Ms. Ossenfort will continue to serve as the Company’s President and Chief Executive Officer following her resignation from the Board.
In addition, the Company also announced today that, as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended April 30, 2018 (the “Form 10-K”), it has received, as anticipated, a letter from Nasdaq (the “Letter”) stating that the Company is not in compliance with Nasdaq’s continued listing rules under the timely filing criteria established under Nasdaq Listing Rule 5250(c)(1) (the “Rule”). The Letter also formally notified the Company that the Nasdaq Hearings Panel (the “Panel”) would consider this matter in rendering a determination regarding the Company’s continued listing on The Nasdaq Global Select Market.
The Company previously disclosed that it was unable to file the Form 10-K within the prescribed time period due to the Company’s recent engagement of Cherry Bekaert LLP as its new independent registered public accounting firm on June 28, 2018. The Company is working diligently to complete its delayed filings with the Securities and Exchange Commission (the “SEC”) and to regain compliance with the Rule as soon as possible. However, there can be no assurance that the Panel will grant the Company’s request for continued listing on Nasdaq, or that the Company’s plans to exercise diligent efforts to complete its delayed filings with the SEC and maintain the listing of its common stock on Nasdaq will be successful.
About Liberty Tax, Inc.
Founded in 1997, Liberty Tax, Inc. (NASDAQ:TAX) is the parent company of Liberty Tax Service. In the U.S. and Canada, last year, Liberty Tax prepared over two million individual income tax returns in more than 4,000 offices and online. Liberty Tax’s online services are available through eSmart Tax, Liberty Online and DIY Tax, and are all backed by the tax professionals at Liberty Tax locations and its nationwide network of seasonal tax preparers. Liberty Tax also supports local communities with fundraising endeavors and contributes as a national sponsor to many charitable causes. For a more in-depth look, visit Liberty Tax Service and interact with Liberty Tax on Twitter and Facebook.
About Vintage Capital Management, LLC
Vintage Capital is a value-oriented, operations-focused, private and public equity investor specializing in the consumer, aerospace and defense, and manufacturing sectors. For additional information about Vintage, please visit www.vintcap.com, the contents of which are not incorporated into this press release.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which provides a “safe harbor” for such statements in certain circumstances. The forward-looking statements include statements or expectations regarding the closing of the Sale, the Company’s intentions to file its delayed periodic filings with the SEC, the continued listing of its securities on Nasdaq and the outcome of the hearing and related matters. These statements are based upon current expectations, beliefs and assumptions of Company management, and there can be no assurance that such expectations will prove to be correct. Because forward-looking statements involve risks and uncertainties and speak only as of the date on which they are made, actual events could differ materially from those discussed in the forward-looking statements as a result of various factors, including but not limited to the loss of key personnel or inability to engage accounting personnel as needed; uncertainties relating to the ability of the Company to cure any delinquencies in compliance with Nasdaq Listing Rules; and risks relating to the substantial costs and diversion of personnel’s attention and resources due to these matters and related litigation and other factors discussed in greater detail in the Company’s filings with the SEC. You are cautioned not to place undue reliance on such statements and to consult the Company’s most recent Annual Report on Form 10-K and other filings with the SEC for additional risks and uncertainties that may apply to the Company’s business and the ownership of the Company’s securities. The Company’s forward-looking statements are presented as of the date made, and the Company does not undertake any duty to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
INVESTOR RELATIONS CONTACT:
Michael S. Piper
Chief Financial Officer
Liberty Tax Service
(757) 493-8855
investorrelations@libtax.com
$RIOT P2P Cryptocurrency Marketplaces Draw Huge Interest From Bitcoin Traders
Palm Beach FL – July 24, 2018 – Bitcoin prices continue to rise after gaining nearly 15%, or $970 million, over a two week period. Publicly traded cryptocurrency companies are once again in the spotlight with interest in the sector renewed after the lengthy selloff that followed the all-time highs achieved throughout Q4 2017. These recent price changes have seen companies like HIVE Blockchain Technologies Ltd. (TSX-V:HIVE) (OTC:HVBTF), Hashchain Technology Inc. (TSX-V:KASH) (OTC:HSSHF), Global Blockchain Technologies Corp. (CSE:BLOC) (OTC:BLKCF), Riot Blockchain Inc. (NASDAQ:RIOT) and AXS Blockchain Solutions Inc. (CSE:BAXS) drastically increase their market caps over that same period. While the majority of these companies heavily focus on cryptocurrency mining, new innovations within the industry, like Peer-to-Peer (P2P) marketplaces, are drawing significant investment from some of the sector’s largest companies.
Centralized exchanges like Coinbase, Binance, Kraken, and others have provided access to the cryptocurrency markets during the industry’s formative years. As these exchanges continue to grow, so too do their fee structures, internal regulations, and other prohibitive measures that make it difficult for investors to take part in the cryptocurrency markets. In 2017, Coinbase received a valuation of $1.6 billion when they raised $100 million, with that number reaching as high as $8 billion in 2018.
Where the popular centralized exchanges leverage their size to provide access to the crypto markets, this access comes with a price. Transactions are completed through the exchanges with no interaction between buyers and sellers, fees are high and continue to grow, and withdrawing funds can take several days to weeks. These kinds of barriers are unattractive to traders who want to trade cryptos with minimal space restrictions.
The Growing Popularity of P2P Marketplaces
Peer-to-peer marketplaces have gained traction as reliable alternatives to major centralized exchanges like Coinbase and Binance. Recently Riot Blockchain Inc. (NASDAQ:RIOT) purchased 12.5% of Coinsquare (CEX) at a valuation of CAD$430 million, adding another strategic partnership to a growing roster of joint ventures.
AXS Blockchain Solutions Inc. (CSE:BAXS), a leading blockchain solutions company, has signed a letter of intent with Blockchain Foundry to develop a new P2P marketplace that will offer safety, security, transparency, and a seamless experience as part of its core offering.
Decentralized P2P marketplaces like Paxful and Localbitcoin offer a more personalized experience than some of the larger exchanges by eliminating the need for intermediary parties. According to Paxful co-founder’s Ray Youssef and Artur Schaback, their marketplace processed as many as 8,000 Bitcoin transactions per day in 2016. However, P2P exchanges like Paxful sacrifice basic security in favor of anonymity by avoiding the use of basic verification systems like KYC. This exposes investors to additional risks that can easily be avoided by seeking out safer marketplaces to trade on.
ZUBX P2P Marketplace – Creating a Centralized P2P Crypto Marketplace
Transparency is the backbone of blockchain technology. ZUBX will be developed by Blockchain Foundry upon signing of the development agreement. Their development team was responsible for creating Syscoin, a token that is backed by technology that can process as many as 300,000 transactions per second, allows for instant asset transfers, and functions much like the eBay of P2P marketplaces.
The ZUBX P2P marketplace embraces the new P2P movement and will be offering a personalized trading experience that will include many of the security features that traders have come to expect from some of the major exchanges, but are unable to get from other P2P marketplaces. These features include:
- Instant messaging capabilities that allow users to communicate and structure the terms of any deal before they take place. Determine if a specific buyer or seller is someone that you actually want to trade with.
- Multi-coin support that will enable users to trade Bitcoin, Bitcoin Cash, and Ethereum. Additional coins may be added in future updates.
- Escrow service. Fiat and cryptocurrency validation to protect buyers and sellers.
- Unparalleled privacy and security. ZUBX holds all crypto assets in cold storage using multi-signature wallets and 2FA authentication in order to protect assets that are being traded in our marketplace. You can trade knowing that sellers actually have the coins they are selling because we verify the existence of a seller’s cryptocurrencies before any trade can take place.
- AML (anti-money laundering) and KYC (know your customer) verification in order to verify the legitimacy of users and to create a transparent trading experience.
- Fast withdrawals that are designed to allow users to instantly withdraw their money using debit cards that actually work. Withdraw funds from anywhere where a debit card is accepted.
- A comprehensive seller rating system that lets you assess the reputation of any buyer or seller that you are thinking of trading with. Seller ratings will be validated by the blockchain, providing buyers with a useful feedback tool to grade the quality of a seller.
Combining all of these features will create one of the safest and most efficient P2P crypto marketplaces to date. With Blockchain Foundry potentially heading the development of ZUBX, AXS Blockchain Solutions will be building the next generation of P2P marketplaces that provides a decentralized experience that includes the many features crypto traders want from centralized exchanges like Coinbase and Binance. Simple features such as instant messaging and ratings are attractive to traders who are interested in learning what type of people they are dealing with when engaging in a transaction. All trades on the ZUBX platform will be secure due to the fact that most of their funds are held in cold storage and require 2FA authentication. Not only does this create a secure trading experience for users, but it ensures that buyers know that the sellers actually have the cryptocurrencies they are trying to sell.
Companies Actively Investing in the Cryptocurrency Space
Companies such as HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCPK:HVBTF) are working to bridge the gap between cryptocurrency and traditional financial institutions. The company has partnered exclusively with Genesis Mining to facilitate easy and affordable mining services for customers of varying financial backgrounds. By leveraging low cost renewable energy, HIVE hopes to bring cryptocurrency mining to the masses.
Newcomers in the cryptocurrency mining space, Hashchain Technology Inc. (TSX.V:KASH) (OTCQB:HSSHF), offer a variety of cryptocurrency mining services including hosted on-site mining, DASH Masternode hosting, and Node40 Balance accounting. The company’s proprietary software runs 24/7 to ensure safe and stable mining operating at full efficiency.
Riot Blockchain Inc. (NASDAQ:RIOT) aims to gain exposure in the cryptocurrency industry by offering a diversity of blockchain-based services, joint ventures, and targeted investments. The company’s acquisition of Coinsquare, a leading Canadian cryptocurrency exchange, is their attempt to further establish their presence in a burgeoning industry.
Global Blockchain Technologies Corp. (CSE:BLOC) (OTCPK:BLKCF) are working to facilitate adoption in the cryptocurrency space by enabling traditional investors to invest in a basket of holdings without a deep technological understanding of the industry. Global Blockchain hopes to become the first vertically integrated originator and manager of digital currencies.
P2P Exchanges To Challenge Centralized Competitors
With the launch of ZUBX, major exchanges are poised to lose users as they will not be able to compete with a P2P marketplace that offers the same level as security that they do. When safety, security, and transparency are equal, users will always favor the platform that offers cheaper fees, faster transaction times, and the ability to withdraw your funds as quickly as possible. ZUBX promises to offer all of these things and more in order to create a better crypto trading experience for users that want to trade, invest, hedge, and diversify their portfolios.
For a more in-depth look at AXS Blockchain Solutions Inc. (CSE:BAXS), please read the full report on Cryptocurrencynews.com.
DISCLAIMER: Cryptocurrencynews.com (CCN) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with CCN or any company mentioned herein. The commentary, views and opinions expressed in this release by CCN are solely those of CCN and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable CCN and FNM for any investment decisions by their readers or subscribers. CCN and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author (CCN), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (CCN) has not independently verified or otherwise investigated all such information. None of the Author, CCN, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated forty five hundred dollars by CCN, a non-affiliated third party to distribute this release on behalf of AXS Blockchain Solutions Inc.
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$DPW Announces Microphase Corp.’s $2.1M Contract with U.S. Defense Contractor
NEWPORT BEACH, Calif., July 23, 2018 — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company, announced Microphase Corporation, a division of DPW subsidiary Coolisys Technologies, Inc., won a $2.1 million contract award from a first-tier U.S. government defense contractor to supply its sophisticated communications filters to be used in combat warfare system components.
Microphase, which has supplied earlier versions of the component to this defense contractor since October 2015, expects shipment of the component to commence in late 2018 or early 2019.
Microphase General Manager Rock Martel stated, “We are committed to our customers and believe this significant, multi-year follow-on order illustrates our customers’ confidence in our ability to meet their needs. Microphase’s innovative radio frequency (RF), microwave and millimeter-wave technology solutions and products enable our customers to achieve higher performance and reliability at a reduced cost.”
ABOUT MICROPHASE CORPORATION
Microphase Corporation, a majority-owned subsidiary of Coolisys Technologies, Inc., a part of DPW Holdings’ diversified portfolio, is an innovative and trusted supplier of advanced electronic technology solutions across a diverse mix of markets. Microphase designs, develops, and manufactures standard and customized state-of-the-art RF, Microwave, and Millimeter-wave components, devices, subsystems and integrated modules primarily for the Defense & Aerospace markets. For more information please see www.Microphase.com and www.Coolisys.com.
ABOUT DPW HOLDINGS, INC.
Headquartered in Newport Beach, CA, DPW Holdings, Inc., (www.DPWHoldings.com), is a diversified holding company pursuing a growth strategy of acquiring undervalued assets and disruptive technologies with a global impact. The Company invests in diverse industries within the commercial, defense/aerospace, industrial, communication, medical, crypto-mining, hospitality, textile, and corporate investment/lending sectors. DPW has evolved and grown from being a leader in advanced power products. Through its subsidiaries, the company continues to be a leader and supplier of innovative technologies, advanced design and development services, and state-of-the-art power products and solutions. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, CA 92663; www.DPWHoldings.com.
Forward-Looking Statements
The foregoing release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the anticipated shipment and revenue recognition of customer orders. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.DPWHoldings.com.
###
Contacts: Ron Parham or Kirsten Chapman, LHA Investor Relations, 415.433.3777, dwpholdings@lhai.com
$TGODF CFN Media Launches Inaugural Episode of CFN Weekly
SEATTLE, July 23, 2018 — CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces the launch of a new weekly news show, CFN Weekly. CFN Media’s CFN Weekly series covers the most important breaking news and leading companies in the global cannabis industry.
This episode includes:
- Flow Canna Closes $22M Seed A Funding Round
- Supreme Cannabis’ Supply Agreement with Manitoba
- Sweet Leaf Had Its 26 Licenses Permanently Revoked
- Michigan Approved 11 More Conditions for MMJ Program
We also spotlight two leading companies in the space:
The Green Organic Dutchman (TSX:TGOD) recently became the world’s largest cannabis initial public offering. In conjunction with its listing, the company recently launched a new global division focused exclusively on the beverage industry. Management will work with large beverage companies to provide them a pathway into the burgeoning cannabis industry.
MedMen Enterprises Inc. (CSE:MMEN) recently became one of the world’s largest publicly traded cannabis companies on the Canadian Securities Exchange (CSE). The company’s vision is simple, but revolutionary: Cannabis as a consumer product. It has developed a premium brand in major metro markets across the United States, and recently, it partnered with The Cronos Group to move into Canada’s market following recreational legalization.
About CFN Weekly
CFN Weekly is a weekly show filmed in CFN Media’s Los Angeles studio that airs every Friday. Each episode will review the important business, financial, investment, and regulatory news from across the globe that’s shaping the cannabis industry. In addition, leading companies in the space will be profiled to give viewers an inside look — all in a short five minute show that you can watch on the go.
Please follow the link to watch the first episode: http://www.cannabisfn.com/cfnvideo/?id=pCpeTAoH
About CFN Media
CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.
Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany
Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8
Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com
Disclaimer
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$FRSX Advanced Technology Attracts Investors
- A leading importer of vehicles to Israel has signed with Foresight a non-binding MOU for the sale of the Eyes-On™ automotive vision system
- $12.4 million in private placement agreements signed with leading Israeli institutional investors
- Global advanced driver assistance system (ADAS) market expected to reach $67.43 billion by 2025, growing at 19 percent CAGR
A rising demand for advanced driver safety and assistance systems that help drivers control vehicles and avoid accidents is fueling a global market for technological innovations in an increasingly high growth market, according to multiple industry research reports. Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX), a technological innovator in automotive vision systems and driver assistance technology headquartered in Israel, has been developing, through wholly owned subsidiary Foresight Automotive Ltd., a powerful and mature proprietary stereoscopic technology that provides real-time information to prevent accidents. Foresight’s technology is derived from major shareholder Magna B.S.P.’s field-proven security technology, which has been deployed worldwide for almost two decades. The company’s patents provide IP protection for technology that’s designed to improve driving safety with highly accurate and reliable obstacle detection vision systems.
Foresight recently announced the signing of a non-binding MOU for the company’s unique stereoscopic Eyes-On™ system with a leading importer of vehicles to Israel. The non-binding memorandum of understanding (“MOU”) with a direct importer of several leading vehicle manufacturers will see the installation of Eyes-On™ for aftermarket configuration – Foresight’s advanced driver assistance system (“ADAS”) – in several vehicle models (http://nnw.fm/rwQ2T) under a pilot program. The importer could potentially order 21,000 Eyes-On™ systems over three years, according to the agreement (http://nnw.fm/D3VGo) .
Foresight’s unique Eyes-On™ stereo vision ADAS employs advanced algorithms fr accurate depth analysis and obstacle detection. The Eyes-On system will detect all potential obstacles, including vehicles, cyclists, pedestrians, animals and inanimate objects, at a high degree of accuracy. Stereo technology is an image processing concept which uses two synchronized cameras to mimic 3D human depth perception.
Foresight has developed three main products to date: QuadSight™, a breakthrough quad-camera vision system that sets the bar for autonomous vehicle vision; Eyes-On™, a unique stereo vision Advanced Driver Assistance System; and Eye-Net™, a cellular-based accident prevention solution designed to provide real-time pre-collision alerts to vehicles and pedestrians.
The company’s innovative automotive vision systems recently attracted private placement agreements from several leading Israeli institutional investors, including $5.5 million from Harel Insurance (http://nnw.fm/1U7qI), $4.1 million from Meitav Dash Group and $1.4 million from Psagot Investment House (http://nnw.fm/VB48v).
Grand View Research reports that the global ADAS market is expected to reach $67.43 billion by 2025, growing at a CAGR of 19 percent. Several factors, including increasing levels of government initiatives for mandating driver assistance systems in order to lower road accidents, are contributing to this robust growth pattern, the report states (http://nnw.fm/7II0u).
In 2016, passenger cars accounted for more than a 72 percent share in the global ADAS market, Grand View Research reports. With the United States and the European Union mandating that automotive manufacturers fit ADAS systems such as lane departure warning systems (LDWS) and autonomous emergency braking systems (AEBS) in vehicles by 2020, Foresight is gearing up to be a leader in this developing space.
For more information, visit the company’s website at www.ForesightAuto.com
More from NetworkNewsWire
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$SAEX Sale Order, Bridge Financing to Fund Geokinetics Asset Acquisition
HOUSTON, July 20, 2018 — SAExploration Holdings, Inc. (NASDAQ:SAEX) (OTCBB:SAEXW) today announced that the United States Bankruptcy Court for the Southern District of Texas, Houston Division, entered an order approving the previously announced Asset Purchase Agreement, dated June 26, 2018, between its wholly owned subsidiary, SAExploration, Inc. (“SAE” or the “Company”), and Geokinetics, Inc. (“GEOK”) and certain of its subsidiaries, debtors and debtors-in-possession, pursuant to which the Company will acquire certain of GEOK’s assets.
In anticipation of the closing of the acquisition, which the Company expects to occur on or around July 24, 2018, SAE has reached an agreement in principal with certain of its existing lenders to fund $25 million in aggregate principal amount of borrowings, which would be secured by the acquired assets. The Company intends to use the new borrowings to finance the purchase price of the acquisition of GEOK’s assets and to pay related transaction costs.
Upon the successful closing of this transaction, SAE will acquire certain of GEOK’s assets, including equipment and machinery, seismic processing software and equipment and certain contracts with large exploration and production companies.
Jeff Hastings, Chairman and CEO of SAE, commented, “We are pleased to have received the Court’s approval of the sale. We have been working earnestly to ensure a smooth integration of these complementary assets upon closing and look forward to creating relationships with new customers, further expanding relationships with many of our existing customers and welcoming certain of the existing employees of GEOK to our team in the near future. We are also appreciative of the willingness of our senior lenders to support the acquisition by providing the necessary short-term financing to capture the opportunity. We expect the acquisition to provide SAE with access to new markets and to be accretive to future earnings and cash flow.”
For additional information on the Asset Purchase Agreement, please refer to SAE’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 2, 2018. Additional details on any new developments discussed herein which have not yet been disclosed elsewhere, will be disclosed in ordinary course according to applicable disclosure requirements.
About SAExploration Holdings, Inc.
SAE is an internationally-focused oilfield services company offering a full range of vertically-integrated seismic data acquisition and logistical support services in remote and complex environments throughout Alaska, Canada, South America, Southeast Asia and West Africa. In addition to the acquisition of 2D, 3D, time-lapse 4D and multi-component seismic data on land, in transition zones and offshore in depths reaching 3,000 meters, SAE offers a full suite of logistical support and in-field data processing services, such as program design, planning and permitting, camp services and infrastructure, surveying, drilling, environmental assessment and reclamation and community relations. SAE operates crews around the world, performing major projects for its blue-chip customer base, which includes major integrated oil companies, national oil companies and large independent oil and gas exploration companies. Operations are supported through a multi-national presence in Houston, Alaska, Canada, Peru, Colombia, Bolivia, Brazil and New Zealand. For more information, please visit SAE’s website at www.saexploration.com.
The information in SAE’s website is not, and shall not be deemed to be, a part of this notice or incorporated in filings SAE makes with the Securities and Exchange Commission.
Forward Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the U.S. federal securities laws with respect to SAE. These statements can be identified by the use of words or phrases such as “expects,” “estimates,” “projects,” “budgets,” “forecasts,” “anticipates,” “intends,” “plans,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions. These forward-looking statements include statements regarding SAE’s financial condition, results of operations and business and SAE’s expectations or beliefs concerning future periods and possible future events, including statements that relate to SAE’s pending acquisition of certain of GEOK’s assets in connection with GEOK’s bankruptcy proceedings. These statements are subject to significant known and unknown risks and uncertainties that could cause actual results to differ materially from those stated in, and implied by, this press release. Risks and uncertainties that could cause actual results to vary materially from SAE’s expectations are described under “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in SAE’s filings with the Securities and Exchange Commission. Except as required by applicable law, SAE is not under any obligation to, and expressly disclaims any obligation to, update or alter its forward looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
Contact SAExploration Holdings, Inc. Ryan Abney Vice President, Finance (281) 258-4400 rabney@saexploration.com
$RWLK Updated VA Policy Expands Access to ReWalk Exoskeletons
MARLBOROUGH, Mass. and YOKNEAM ILIT, Israel, July 20, 2018 — ReWalk Robotics, Ltd. (Nasdaq: RWLK) (“ReWalk” or the “Company”) announced that the U.S. Department of Veterans Affairs has issued a revision to its national policy on exoskeleton medical device training and procurement for qualifying Veterans with spinal cord injury (SCI). The updated policy includes further guidance on the evaluation process and expands access to training program locations among the VA network and private rehabilitation centers through the VA’s Veterans Choice Program.
This policy, issued in June 2018, is an update to the original standard operating policy (SOP) issued by the VA in December 2015. The evaluation process will now have all Veterans flow through one of 24 designated spinal cord injury VA centers (SCI/D). Once a Veteran is determined to be qualified for training and procurement of his or her own exoskeleton system, the individual may be allowed to pursue training in one of three ways: at the applicable SCI/D hub center, at a qualified VA hospital designated by the VA’s “hub & spoke” program, or at a qualified private rehabilitation center through the VA’s Veterans Choice Program; a program through which Veterans can receive care from a community provider paid for by the VA.
The policy stipulates as follows:
“If a Veteran with SCI/D is unable or unwilling to travel to a VA Exoskeleton Training Center for training, case-by-case consideration will be given to enable the Veteran and companion to receive training at a VA facility that does not have an exoskeleton training program or at a non-VA facility.”
“This revised policy is a great step forward that will potentially help many paralyzed Veterans who simply seek to walk again,” said ReWalk CEO Larry Jasinski. “These significant SOP updates mean that numerous injured Veterans who have expressed an interest in obtaining a ReWalk, but have not been able to participate due to a lack of availability in their area, can now have access. We are pleased to see the VA build upon the SOP, taking into account the Department’s own extensive research and its ongoing national trial.”
The Department of Veterans Affairs is a leader in providing a national policy for the training and procurement of exoskeleton systems for qualifying beneficiaries. The SOP applies for any Veteran who has sustained a spinal cord injury, be that service or non-service related. ReWalk Robotics has been working with the VA since the policy was issued in 2015 to help provide training and devices nationwide to facilitate its implementation. Further, ReWalk has been advocating for use of the Veterans Choice Program for those qualifying Veterans who could not travel to their nearest SCI/D for training to obtain an exoskeleton system.
As a result of the revised policy, there are now 142 ReWalk certified private and VA SCI/D training centers across the US potentially available to train Veterans to use ReWalk. Furthermore, the network of VA SCI/D spoke sites may now be eligible to conduct training and provide additional opportunity.
For more information about the VA policy, or to learn about the ReWalk 6.0 system, please visit: www.rewalk.com.
About ReWalk Robotics Ltd.
ReWalk Robotics Ltd. develops, manufactures and markets wearable robotic exoskeletons for individuals with lower limb disabilities as a result of spinal cord injury or stroke. The Company’s mission is to fundamentally change the quality of life for individuals with lower limb disability through the creation and development of market leading robotic technologies. Founded in 2001, ReWalk has headquarters in the United States, Israel and Germany. For more information on the ReWalk systems, please visit www.rewalk.com.
ReWalk® is a registered trademark of ReWalk Robotics Ltd. in Israel.
Forward-Looking Statements
In addition to historical information, this press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements may include projections regarding ReWalk’s future performance and, in some cases, may be identified by words like “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “should,” “would,” “seek” and similar terms or phrases. The forward-looking statements contained in this press release are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of ReWalk’s control. Important factors that could cause ReWalk’s actual results to differ materially from those indicated in the forward-looking statements include, among others: ReWalk’s expectations regarding future growth, including its ability to increase sales in its existing geographic markets, and to expand to new markets and achieve its planned expense reductions; the conclusion of ReWalk’s management and the previous opinion of ReWalk’s auditors in that there are substantial doubts as to ReWalk’s ability to continue as a going concern; ReWalk’s ability to maintain and grow its reputation and the market acceptance of its products; ReWalk’s ability to achieve reimbursement from third-party payors for its products; ReWalk’s expectations as to its clinical research program and clinical results; ReWalk’s expectations as to the results of, and the Food and Drug Administration’s potential regulatory developments with respect to, ReWalk’s mandatory post-market 522 surveillance study; the outcome of ongoing shareholder class action litigation relating to ReWalk’s initial public offering; ReWalk’s ability to repay its secured indebtedness; ReWalk’s ability to improve its products and develop new products; ReWalk’s ability to maintain adequate protection of its intellectual property and to avoid violation of the intellectual property rights of others; ReWalk’s ability to gain and maintain regulatory approvals; ReWalk’s ability to secure capital from its equity and debt financings in light of limitations under its Form S-3, the price range of its ordinary shares and conditions in the financial markets, and the risk that such financings may dilute ReWalk’s shareholders or restrict its business; ReWalk’s ability to use effectively the proceeds of offerings of securities; ReWalk’s ability to maintain relationships with existing customers and develop relationships with new customers; the impact of the market price of ReWalk’s ordinary shares on the determination of whether ReWalk is a passive foreign investment company; ReWalk’s compliance with medical device reporting regulations to report adverse events involving its products and the potential impact of such adverse events on ReWalk’s ability to market and sell its products; the risk of substantial dilution resulting from the issuance to Timwell; the significant voting power and de facto voting control Timwell may acquire; the risk that the remaining Timwell issuances will fail to close and the China joint venture will not form; and other factors discussed under the heading “Risk Factors” in ReWalk’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 filed with the U.S. Securities and Exchange Commission (the “SEC”) and other documents subsequently filed with or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. Factors or events that could cause ReWalk’s actual results to differ from the statements contained herein may emerge from time to time, and it is not possible for ReWalk to predict all of them. Except as required by law, ReWalk undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.
$TGODF to Provide Dividend of TGOD Acquisition
TORONTO, July 19, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce its intention to complete a spinoff transaction by way of plan of arrangement (the “Arrangement”), pursuant to which the Company will distribute a dividend consisting of a warrant (a “Warrant”) in a new corporation (“TGOD Acquisitions”) to shareholders. The new corporation will be engaged in the acquisition and development of worldwide opportunities.
To learn more about this dividend and the details behind it contact the investor relations team at: invest@tgod.ca or (416) 900-7621
TGOD has met with emerging cannabis companies from around the globe and acquired a deep understanding, including proprietary knowledge, of all facets of the cannabis industry. These companies are not considered core assets in TGOD’s business plan, and accordingly, they have not been pursued to date. However, the Company now wishes to monetize this unique situation for the benefit of TGOD shareholders. After consultation with multiple financial institutions, TGOD Acquisitions plans to execute a series of staged financings and acquisitions leading to a late 2018 target IPO date.
“This is an incredible opportunity for TGOD to transfer expertise and monetize our proprietary knowledge from the Canadian marketplace. We will partner with innovative and disruptive companies that we can assist with capital market knowledge and unique retail-exclusive financing methods. The intention is to raise additional capital and list TGOD Acquisitions on the Canadian Securities Exchange. We are excited about this unique opportunity to reward our investors and provide additional value to TGOD shareholders,” said TGOD CEO, Brian Athaide.
The Company will distribute to its shareholders a Warrant to acquire a TGOD Acquisitions Unit (each a “Unit”) for $0.50. Each Unit will consist of one share plus an additional warrant for the investor. This additional warrant (the “Additional Warrant”) will be triggered by a subsequent financing to occur following the initial $0.50 offering. TGOD and TGOD management will have the right to backstop the Unit in addition to participating in a financing on the same terms. This exclusive offering provides investors the ability to join in the future financing alongside TGOD management through participation in the seed round of the company.
The distribution will be paid on the basis of one Warrant for every 6.67 TGOD shares owned on the record date, to be fixed by the Board of Directors of TGOD following satisfaction of the conditions for the Arrangement.
TGOD and TGOD Acquisitions will enter into a repayable funding agreement, whereby TGOD will provide $25,000,000 of working capital to TGOD Acquisitions. This will be repayable by TGOD Acquisitions prior to completion of any investment. In consideration for the funding agreement, TGOD Acquisitions will issue a restricted warrant to purchase 50 million common shares for a period of 25 years from the date upon which the shares of TGOD Acquisitions commence trading on the Canadian Securities Exchange.
Following the completion of the spin out, TGOD Acquisitions will operate at arm’s length to TGOD and will have an independent Board of Directors and management. Further details of the management team will be announced with the filing of the Arrangement materials at a special meeting of TGOD shareholders.
“We have developed a significant amount of intrinsic value from years of corporate development at TGOD,” said Brian Athaide. “Capitalizing on these efforts will add value to both TGOD’s balance sheet and the investment portfolios of our shareholders,” continued Athaide.
The use of proceeds will include working capital and acquisitions.
Further details of the Arrangement will be published in a Special Meeting information circular to be prepared for TGOD security holders to approve the Arrangement and which will be filed under TGOD’s profile on SEDAR at www.sedar.com.
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD
The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.
The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities in Ontario and Quebec and Jamaica.
The Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:ACB) whereby Aurora has invested approximately C$78.1 million for an approximate 17.5% stake in TGOD. In addition, the Company has raised approximately C$315 million and has over 20,000 shareholders.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
CONTACT INFORMATION
Investor Relations
Email: invest@tgod.ca
Phone: 1 (416) 900-7621
www.tgod.ca
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company in any particular territory and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.
$PBIO Developing Potential Breakthrough Dairy Processing Method
Primary Goal is Delivery of Higher Quality, Longer Lasting Liquid Foods and Beverages not Requiring Refrigeration or Chemical Additives
SOUTH EASTON, MA / July 19, 2018 / Pressure BioSciences, Inc. (OTCQB: PBIO) (“PBI” or the “Company”), a leader in the development and sale of broadly enabling, pressure-based technology and products to the worldwide life sciences industry, today announced a major collaboration with the College of Food, Agricultural, and Environmental Sciences of The Ohio State University (“Ohio State”). The primary goal of the program is to develop and make available for commercialization a continuous-flow manufacturing technology that will prepare liquid foods and beverages with preservation of superior sensory and nutritional qualities, while delivering long, room temperature shelf stability without requiring refrigeration or chemical additives throughout the chain of distribution and retail sale. PBI believes achievement of this long sought-after consumer demand can now be accomplished through scale-up of the Company’s innovative and patented Ultra Shear Technology (“UST”).
The collaborative project is supported by a four-year, $891,000 grant awarded to scientists at Ohio State’s College of Food, Agricultural, and Environmental Sciences (“CFAES”) by the U.S. Department of Agriculture’s National Institute of Food and Agriculture (“NIFA”). Ohio State has granted PBI a $318,000 sub-contract to build a working benchtop instrument and a pilot plant floor model UST machine. PBI has already begun to work on this project.
Today’s health conscious consumers demand food that is nutritious, minimally processed, pathogen safe, and that also tastes good, looks appealing, and is free of chemical emulsifiers and preservatives. Food processors have been seeking new minimal or non-heat exposure technologies that can provide extended shelf-life, while meeting “clean label” (no artificial ingredients or chemicals) requirements and that satisfy consumer expectations. The current clean label food market is estimated at $62 billion in the USA and $165 billion worldwide (Nunes, 2016). Many clean label foods are currently processed using costly, non-efficient, batch-oriented high-pressure processing (“HPP”), including juices (e.g., Starbuck’s Evolution line), seafood, meats, baby food, guacamole, and fruits/vegetables. In 2015, the worldwide market for HPP food was estimated at $10 billion (Toops: 2016).
Dr. Edmund Y. Ting, Sr. VP of Engineering at PBI, and a pioneer in the development of HPP, said: “HPP has proven to be very effective in reducing food-borne pathogens and extending shelf-life in pre-packaged foods (e.g., juices and ready-to-eat meats), thus eliminating the need for chemical additives. However, HPP remains a batch process not capable of continuous flow, and because it is only a pasteurization process, and does not render food “commercially sterile”, HPP-processed food must be shipped, stored, and maintained under refrigeration throughout the entire chain of distribution and retail sale. We believe that Ultra Shear Technology will provide economical solutions to these problems, and will offer an additional, clean label processing choice to both consumers and the food industry around the world.”
Ultra Shear Technology combines high pressure and high shear forces, while minimizing exposure to damaging high temperatures. PBI believes this innovative processing method will allow liquid food and beverage companies to manufacture healthier and better tasting products by reducing thermal damage and the need for chemical preservatives. This can be achieved by using extreme pressures to deliver nearly instantaneous shear and temperature exposures for effective anti-microbial effects and long-term preservation without the necessity for chemical additives. It is also anticipated that the fine emulsions produced with Ultra Shear will have enhanced sensory and nutritional benefits.
“We believe UST can be used by food manufacturers for the processing of healthier and improved beverages, sauces, condiments and other foods,” said Dr. V.M. “Bala” Balasubramaniam, a CFAES professor of food engineering who is leading the collaborative project. His laboratory, with a multidisciplinary team of microbiologists, chemists and nutritionists, investigates innovative food technologies and then works with industry to implement them commercially.
Known internationally for his research on high-pressure and other types of nonthermal processing, or safely processing food using significantly less heat, Dr. Balasubramaniam holds joint appointments in the CFAES departments of Food Science and Technology, and in Food, Agricultural and Biological Engineering. Other distinguished members of the CFAES research team include Ahmed Yousef, professor of Food Microbiology; Rafael Jimenez-Flores, the J.T. “Stubby” Parker Endowed Chair in Dairy Foods; and Christopher Simons, assistant professor of Sensory Science.
Richard T. Schumacher, President and CEO of PBI, stated: “The ultimate goal of this collaborative project is for consumers to benefit from the increased availability of wholesome, healthy, better-tasting, shelf-stable, clean label liquid food and beverage options. Imagine liquid foods like milk shipped and stored at room temperature for extended periods of time post-processing, while retaining superior nutritional and taste qualities. The advantages and cost-savings to the consumer and dairy industry could be game-changing. The advantages and cost savings to schools, the military, disaster relief agencies, and other such groups could be equally significant. This technology development is very exciting, and potentially very rewarding, for all stakeholders in PBI.”
Mr. Schumacher continued: “It is important to note that PBI’s core business of providing innovative, pressure-based instruments and consumables to life sciences companies worldwide continues to be strong. As reported during our Q1 2018 financial call, we have achieved nine consecutive quarters of increased product and services revenue on a year-over-year basis. We also reported that we recently initiated the first project utilizing our recently acquired IP from the BaroFold acquisition, and that we believe this new CRO service could generate significant revenue in the near future.”
Mr. Schumacher concluded: “With our core business showing consistent revenue growth, our BaroFold acquisition generating revenue much sooner than planned, and our Ultra Shear Technology platform getting off to an impressive start, we believe PBI has now positioned itself well for rapid, explosive growth in the months and years ahead.”
A short, informational interview between Mr. Schumacher and Mr. Daniel Wong of Investor Town Hall – discussing Ultra Shear Technology and its potential as a breakthrough processing method for milk and other dairy products – can be found by clicking the following link: Schumacher Interview With Investor Town Hall.
About Pressure BioSciences, Inc.
Pressure BioSciences, Inc. (OTCQB: PBIO) is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life sciences industry. Our products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to safely and reproducibly control bio-molecular interactions (e.g., cell lysis, biomolecule extraction). Our primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil & plant biology, forensics, and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of our pressure-based technologies in the following areas: (1) the use of our recently acquired PreEMT technology from BaroFold, Inc. to allow entry into the biologics contract research services sector, and (2) the use of our recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing non-thermal technologies.
Forward Looking Statements
This press release contains forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “intends,” “anticipates,” “believes,” estimates,” “predicts,” “projects,” “potential” or “continue” or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. In evaluating these statements, you should specifically consider various factors. Actual events or results may differ materially. These and other factors may cause our actual results to differ materially from any forward-looking statement. These risks, uncertainties, and other factors include, but are not limited to, the risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.
For more information about PBI and this press release, please click on the following website link:
http://www.pressurebiosciences.com
Please visit us on Facebook, LinkedIn, and Twitter.
Investor Contacts:
Richard T. Schumacher, President and CEO (508) 230-1828 (T)
Dr. Edmund Y. Ting, Sr. VP of Engineering – PBI (508) 230-1828 (T)
Professor V.M. “Bala” Balasubramaniam – OSU (614) 292-1732 (T)
$NETE Targets $7.7 Trillion B2B Market with Netevia Payment Solution
- Global B2B ecommerce sales at $7.7 trillion and still growing as more businesses move online
- Netevia accepts over 100 cashless payment methods in multiple currencies
- Netevia users can transact business with suppliers in countries around the world
Businesses are increasingly using the Internet to buy services and products from other businesses. It is now estimated that global ecommerce between businesses (B2B) now amounts to $7.7 trillion (http://nnw.fm/4v2M0), far outstripping the $2.3 trillion in sales made from businesses to consumers (B2C). Targeting this massive and growing market, Net Element, Inc. (NASDAQ: NETE) has extended its Netevia payment platform to include solutions aimed at sales between vendors, according to a company press release (http://nnw.fm/N3aYc).
Net Element, a financial service technology company that develops multi-channel electronic payment solutions, launched Netevia in February 2018 to provide value-added solutions for its users. Netevia was designed to integrate seamlessly with businesses’ existing payment platforms.
Businesses that use Netevia can accept over 100 cashless payment methods in several currencies – a crucial must for companies that wish to operate on an international scale. As of July 2018, Netevia can process cashless payments in 21 currencies. Netevia enables merchants to streamline their processes, including marketing tools, payment mechanisms and point-of-sale devices.
Research shows that 42 percent of B2B customers use a mobile device at some point during their purchasing process (http://nnw.fm/i3HCt). Taking this trend into account, the Netevia platform is developed for use on mobile devices as well as through a web-based portal. It will allow users to manage their vendors, process payments and deal with invoices from anywhere.
In a news release, Vlad Sadovskiy, Net Element’s president of integrated payments, said, “We are excited to enable this functionality on our Netevia platform and make Netevia a market platform where small and medium-sized businesses can find comprehensive and innovative card payments-oriented solutions to enhance their operations. Enabling vendor payments is one more step towards achieving this goal.”
Netevia is poised to enable its users to adapt their businesses to the steady growth of the ecommerce sector. The platform has been designed to be extendable, allowing users to add features as their business needs evolve.
With security a key concern for all online operators, Netevia’s designers have included robust fraud prevention and security features into the platform. In addition, since international business never sleeps, technical support for the platform is available round the clock by phone, email or web chat.
Netevia is just one of a suite of innovative mobile payment solutions that Net Elements has developed. Others include Aptito, a payment solution tailor-made for the restaurant industry, and Unified Payments, a simple and flexible mobile point-of-sale system that can be used by a variety of vendors, including kiosk-type shops, limousine drivers, tow truck and delivery drivers, pool maintenance workers and roadside assistance mechanics.
For more information, visit the company’s website at www.NetElement.com
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$FRSX JGR Capital Distributes Research Note
NEW YORK, July 18, 2018 — via NetworkWire – JGR Capital, an independent equity research firm, distributes an update note on Foresight Autonomous (NASDAQ:FRSX), a development-stage technology company that develops powerful and mature proprietary stereoscopic technology.
The full report can be found here: bit.ly/2Npo3FH
Foresight Autonomous (“Foresight,” “FRSX” or the “Company”) is a development-stage technology company that develops stereoscopic technology derived from the field-proven security technology of its major shareholder, Magna BSP. The stereoscopic technology is an image processing concept that uses synchronized cameras to mimic human depth perception and obtain a 3D view. FRSX’s systems create and analyze 3D images to foresee possible collisions in roadway environments while providing real-time alerts with the lowest rates of false alerts. The Company’s proprietary stereoscopic and quad-camera technology is based in part on intellectual property that it has transferred from Magna BSP. Magna’s field-proven security technology has been deployed for almost two decades in critical facilities worldwide, including borders, nuclear plants and airports.
In June, the Company announced its first sale of a prototype of its QuadSight system for the semi-autonomous and autonomous vehicle market, which was sooner than expected. Additionally, for the Eye-Net V2X system, the Company completed a successful trial in collaboration with the City of Ashdod and NoTraffic Ltd.
Key Report Highlights
- The Company entered into a strategic merger agreement with Tamda for its Eye-Net subsidiary.
- In late June, the company raised $12.4 million in capital from private placement.
- Foresight Autonomous announced the first sale of its QuadSight prototype and MoU of sales for the Eyes-On ADAS System.
Disclosures pertaining to this Foresight Autonomous report can be found at www.jgrcap.com.
About Foresight Autonomous
Foresight Autonomous is an Israel-based automotive technology company engaged in the design, development, and commercialization of stereo/quad-camera vision systems based on three-dimensional (3D) video analysis, advanced algorithms and artificial intelligence for image processing and sensor fusion. FRSX develops systems for accident prevention, which are designed to provide real-time information about a vehicle’s surroundings while in motion. The Company targets two vertical markets, advanced driver assistance systems (ADAS) and autonomous/semi-autonomous vehicles, with its two key products of Eyes-On and QuadSight respectively. FRSX also develops and owns a cellular-based accident prevention system named Eye-Net. The Company is headquartered in Ness Ziona, Israel.
About JGR Capital
JGR Capital is an independent equity research firm with a focus on small-cap and pre-IPO companies under $2 billion in market cap. JGR Capital leverages a tech-forward approach to help these companies navigate the market by increasing visibility through equity research. With three locations worldwide, JGR Capital offers analyst coverage via a tech-forward, data-driven approach. Because our reports are based on facts, not recommendations, we are a reputable, trusted resource for investors. For more information, visit www.jgrcap.com
Disclosure
This press release may contain forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the “Risk Factors” section in the SEC filings available in electronic format through SEC Edgar filings at www.SEC.gov.
The research analysts principally responsible for this press release do not receive compensation that is based upon any specific investment banking services or recommendations and can be compensated based on factors relating to the overall profitability of the JGR Capital (“firm”). As of the date of research distribution, neither the firm nor the principal research analysts beneficially own 1% or more of any class of common equity securities for this issuer (including, without limitation, any option, right, warrant, future, long or short position).
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$TGODF and Epican Open Flagship Retail Dispensary in Jamaica
KINGSTON, Jamaica, July 17, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD, US:TGODF) is pleased to announce, in conjunction with Epican Medicinals (“Epican”), the successful opening of its first legal cannabis retail store in Jamaica, on Saturday, July 14th. This flagship location provides Epican and TGOD with immediate revenue from the sale of premium Jamaican grown organic cannabis and further exemplifies TGOD’s value-added approach to partnerships.
The ~4,000 sq. ft. flagship dispensary in Kingston represents the first of several Epican Herb Houses scheduled to be completed across Jamaica by the end of 2018. These locations will serve the medical needs of Jamaica’s 3 million residents and over 3.5 million visitors each year.
“Immediate revenue has always been an important component of Epican business plan,” said TGOD CEO, Brian Athaide. “We expect Epican to increase revenues significantly in the coming months as production increases and more Herb Houses come online.”
TGOD investments are structured as true partnerships, where portfolio companies receive support and industry leading knowledge. This knowledge transfer includes cultivation methodology, extraction, R&D, and organic certification, through to accounting, auditing, sales, marketing, and distribution.
Jamaica is recognized as a premier destination for cannabis, and Epican has deep roots in the country. The founders of the business, the McKenzie brothers, have been at the forefront of the nation’s burgeoning medical cannabis industry, including advocacy for the responsible development of the industry. Epican was awarded the country’s historic first cultivation licence.
See photo here.
“Today is a celebratory day for Epican and TGOD,” said Karibe McKenzie, CEO of Epican. “We have worked tirelessly to provide an end to end, fully integrated solution delivering high-quality cannabis to Jamaicans and tourists alike. We were delighted at the response and look forward to building off this positive momentum and launching several more Herb Houses by the end of 2018.”
“The Kingston dispensary is an important step in TGOD’s global strategy,” said Csaba Reider, President of TGOD. “Commercializing legalized, high-quality, organic medical cannabis to the market is proof of our commitment to portfolio companies and our ability to go beyond cash infusion. The Epican team are great business partners and we would like to thank all those involved who have made this day happen.”
TGOD owns 49.18% of Epican. The partnership will provide 14,000 kgs of TGOD’s total funded capacity of 170,000 kgs. TGOD will provide Epican access to its financing facilities to support future expansion requirements. Epican and TGOD are partnering to construct a 150,000 sq. ft. GMP compliant facility in Jamaica. Upon receiving the license for this site expansion, Epican will cultivate premium strains for Jamaican and international markets.
On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd.
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.
The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.
The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica.
The Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:ACB) whereby Aurora has invested approximately C$78.1 million for an approximate 17.5% stake in TGOD. In addition, the Company has raised approximately C$315 million and has over 20,000 shareholders.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
CONTACT INFORMATION
Investor Relations
Email: invest@tgod.ca
Phone: 1 (416) 900-7621
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company in any jurisdiction and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.
$SNNVF & Cannabis Strategic Ventures Enter Into Cannabis Extraction Services Agreement
VANCOUVER, July 17, 2018 – Cannabis Strategic Ventures, Inc. (“Cannabis Strategic“)(OTC Pink: NUGS) and Sunniva Inc. (“Sunniva“)(CSE:SNN)(OTCQX:SNNVF) are pleased to announce the signing of a cannabis concentrate extraction services agreement between CP Logistics, LLC (“CPL“), Sunniva’s wholly-owned U.S. subsidiary and Pure Applied Sciences, Inc. (“PAS“), Cannabis Strategic’s wholly-owned subsidiary. Under the terms of the agreement, CPL will perform white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California for PAS under the “Pure Organix™” brand name, which was recently acquired by Cannabis Strategic. PAS will continue to focus on developing additional formulations, intellectual property and brands for future licensing opportunities. The agreement is for a 12-month term that may be renewed for an additional 12 months at the request of PAS at the expiry of the initial term.
“We have selected Sunniva because of its emphasis on creating great products for great brands,” commented Simon Yu, CEO of Cannabis Strategic. “We created the Pure Sciences brand based on premium quality and sound manufacturing practices. Sunniva shares our values relative to the area and we are pleased to have them as our manufacturer. We are especially impressed with their plans to build greenhouse and extraction facilities compliant with Current Good Manufacturing Practice (“cGMP“) standards.”
The agreement calls for CPL to initially produce cannabis oils for use in PAS’ vape pen cartridges, but expansion into other product areas is expected.
Tony Holler, CEO of Sunniva, commented, “As one of the highest quality producers in the marketplace, we believe we are in an excellent position to provide brand product manufacturing services for Cannabis Strategic. Both of our firms share the vision of becoming leaders in providing clean, medical grade cannabis products to consumers. We welcome Cannabis Strategic to our growing portfolio of customers.”
About Cannabis Strategic Ventures
Cannabis Strategic Ventures is based in Los Angeles and is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. The company, recently completed a name and symbol change from Cascade Energy, Inc. Cannabis Strategic Ventures offers outsourced personnel solutions that are tailor made to match the growth dynamics of cannabis cultivators, manufacturers, dispensaries, and other cannabis marketplace participants. Cannabis Strategic Ventures is publically traded on the U.S. Over the Counter Market with the stock symbol NUGS.
About Sunniva Inc.
Sunniva, through its subsidiaries, is a vertically integrated cannabis company operating in the world’s two largest cannabis markets – Canada and California – where we are committed to delivering safe, high-quality products and services at scale and creating trusted Sunniva branded cannabis products. Our vision is to become one of the lowest cost, highest quality vertically integrated cannabis producers in the markets we serve by building large scale purpose-built current cGMP designed greenhouses and expansion of retail locations, offering better quality assurance with cannabis products free from pesticides, providing better customer access to cannabis education and sourcing better therapeutic delivery devices. Sunniva’s management and board of directors have a proven track record for creating significant shareholder value both in the healthcare and biotech industries.
For more information please visit: www.sunniva.com
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance are forward-looking statements. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the risk factors included in the companies’ continuous disclosure documents. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the companies have attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The companies assume no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
$NUGL Hires Cannabis Industry Leader, Launches Strategic Attack on Market
LOS ANGELES, July 17, 2018 — via NetworkWire – NUGL Inc. (OTC:NUGL) (the “Company”), the cannabis industry’s new standard of technology, today announces the addition of James Jordan of the Southern California Business and Investment Group (“SCCBIG”) as its vice president of strategic relations.
Jordan is a well-known business leader in the cannabis space and founder of SCCBIG, a networking group for cannabis companies based in Los Angeles, California.
“James has already made a huge impact on NUGL,” CEO Brandon Vargas said. “We have big things in the works, but it’s also the small things that make it happen. We look at every profile that gets set up in our system as another building block for the company. James works at a top level and in the trenches, which is why we think he’s a great fit.”
Jordan is a seasoned entrepreneur with a background in multiple industries. Since 2013 he has specialized in business development and technology in the cannabis space, building teams created specifically for cannabis operations and securing over $10 million in seed funds for start-ups. Jordan currently sits on the advisory board of private equity firm Gold Stalk Investments and advises multiple companies in the Southern California market for start-up and launch strategies. He is also the founding member of the Southern California Business and Investment Group (SCCBIG). Comprised of more than 3,000 members and hundreds of cannabis companies, SCCBIG has become the largest cannabis monthly business meetup in California and is a leader in the local cannabis education space.
“NUGL presented their platform at one of our events,” Jordan said. “I saw the reaction from our crowd and knew this was something I wanted to get involved with. NUGL is relevant and gives brands and services in the cannabis space the tools to become a successful business and grow.”
NUGL is launching many new features, such as the ability to claim a profile, on a weekly level ahead of schedule.
“Our user base is growing. This means we need to support the community and continue to build tools that are relevant to the industry and support James and the team’s efforts,” Vargas said.
About NUGL
NUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more.
For more information and updates, visit one of the links below.
Website: http://www.nugl.com/
Facebook: https://www.facebook.com/justnuglit/
Instagram: https://www.instagram.com/justnuglit/
Twitter: https://twitter.com/JustNUGLit
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans”, “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.
Contact Information:
Website: www.nugl.com
Email: info@nugl.com
Phone: (714) 383-9982
Corporate Communications Contact:
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$DJACF New Merger Agreement with Canopy Growth and Potential Synergies
NEW YORK, NY / July 17, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Hiku Brands Company Ltd. (OTCQB: DJACF), a company focused on building a portfolio of engaging cannabis brands, unsurpassed retail experiences, and handcrafted cannabis production.
On July 10, 2018, the company announced that they have entered into a definitive arrangement agreement, pursuant to which Canopy Growth will acquire all of the issued and outstanding common shares of Hiku. An all-stock transaction, the total deal may be valued at $308 million.
Details of the proposed transaction with Canopy and potential benefits available here READ MORE
Copy and paste to your browser may be required to view the report – https://tradersnewssource.com/hiku-brands/
A merger with Canopy, a recognized leader in the cannabis sector, may bring in considerable scalable production and seasoned R&D capabilities giving Hiku immediate access to substantial infrastructure and operational support to accelerate Hiku’s growth strategy, future product development, and innovation, together with Canopy Growth and its global partners.
The following comprehensive report covers recent Hiku developments and an overview of the cannabis market READ MORE
Copy and paste to your browser may be required to view the report – https://tradersnewssource.com/hiku-brands/
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit https://www.tradersnewssource.com.
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CONTACT: editor@tradersnewssource.com
$HMMR SmallCap Sentinel: Revenue, Revenue, Revenue
ORLANDO, FL / July 17, 2018 / In real estate investing the axiom “Location, Location, Location” is a succinct and prevailing doctrine for success. For emergent public companies, the mantra could well be “Revenue, Revenue, Revenue.”
The presence of revenue, even in smaller amounts, confirms or encourages confidence in a number of imperative factors. First and most importantly, revenue suggests that there is a market for a product or service, that businesses or consumers are saying “yes” to the offering.
Additionally important for companies at this nascent point in their development, revenue is critical to sustaining operations, growth and the fuel of future opportunity. And the presence of revenue can greatly decrease or deflect dangerous toxic debt that is so often the death knell of a small cap company.
Over the past few months we’ve covered the market opportunity and news items for Hammer Fiber Optic Holdings (OTCQB: HMMR) a company aggressively pursuing interests in the fiber optic/optical communication space that is projected to grow to $24 billion by 2023.
And while Hammer has big plans to roll-out a national network with their hybrid technology, today we’re focused on the Company’s revenue pattern. Hammer’s first full fiscal year of revenues was for the period ended July 2017, producing revenues of $82,617. No revenues were earned earlier because the Company was working on the network infrastructure necessary to offer services that they could monetize after.
Additionally, revenues for the 3 month period ending April 30, 2018 were $56,550, but for the 9 month period ending April 30, 2018, they were $146, 525. This can be interpreted as a reflection of a start-up that is increasing its revenues. Clearly, when comparing other earlier comparable periods, the Company has increased revenues.
Assuredly, these numbers aren’t tantamount to an Apple quarter, where investors hold their breath to see if the iPhone is holding its own with Samsung. But for believers in the vast opportunity that is Fiber Optic Communications this is a strong indicator that Hammer has cleared some important hurdles, is monetizing its technology and is further along in scaling operations to a head-turning number than aspiring companies who don’t have their technology or positive pattern.
About Hammer Fiber
Hammer Fiber Optic Holdings Corp. (OTCQB: HMMR) is a telecommunications company investing in the future of wireless technology whose holdings include Hammer Fiber Optic Investments, Ltd. D/B/A Hammer Communications, that offers internet, voice, video and data services in New Jersey, through both direct fiber as well as its wireless fiber platform, Hammer Wireless® AIR technology. The Hammer Wireless Air technology can support a variety of applications including mobile to mobile, wireless DOCSIS, IoT and Smart City support as well as pre-5G network applications. For more information visit http://www.hammerfiber.com or contact Frank Pena at fpena@hammerfiber.com.
For more information on Hammer Fiber Optic Holdings, please visit:
https://www.hammerfiber.com/ or www.hammercomm.com
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$DPW to Announce Second Quarter 2018 Financial Results on August 14
NEWPORT BEACH, Calif., July 16, 2018 — DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company, will announce second quarter financial results after market close on August 14, 2018.
CEO and Chairman, Milton “Todd” Ault will host a conference call at 5:00 p.m. ET on Wednesday, August 15, 2018 to discuss second quarter results and provide a business update as well as answer questions. Mr. Ault will be joined by William B. Horne, the Company’s CFO and Vice Chairman, and by the CEOs of each of the Company’s three principal subsidiaries: Amos Kohn of Coolisys Technologies, Inc., William “Bill” Corbett of Digital Power Lending, LLC and Darren Magot of Super Crypto Mining, Inc.
Shareholders, investors and interested parties who desire to participate in the webcast either online or by calling in must use this link to register prior to 4:00 P.M. ET on August 15, 2018: https://zoom.us/webinar/register/WN_rityzziCRdaVbijL3q41xw
In addition, links to the press release, conference presentation and webcast video will be available on the DPW Holdings website under Investor Relations section.
ABOUT DPW HOLDINGS, INC.
Headquartered in Newport Beach, CA, DPW Holdings, Inc., (www.DPWHoldings.com), is a diversified holding company pursuing a growth strategy of acquiring undervalued assets and disruptive technologies with a global impact.
The Company invests in diverse industries within the commercial, defense/aerospace, industrial, communication, medical, crypto-mining, hospitality, textile, and corporate investment/lending sectors. DPW has evolved and grown from being a leader in advanced power products. Through its subsidiaries, the company continues to be a leader and supplier of innovative technologies, advanced design and development services, and state-of-the-art power products and solutions. DPW, through its wholly-owned subsidiary, Coolisys Technologies, Inc., is dedicated to providing world-class technology-based solutions for critical applications and lifesaving services, in which innovation is the main driver. Coolisys targets the defense, aerospace, naval, homeland security, medical, telecom, datacom, and industrial markets. Its growth strategy centers on core markets that are characterized by “high barriers to entry” and that require specialized products and services that are not likely to be commoditized. Through its portfolio companies, Coolisys develops and manufactures cutting-edge switching power products and power solutions utilizing its customized digital power management and resonant topology to achieve the highest efficiency and highest density power converters and inverters; specialized complex airborne high-frequency, radio frequency (RF), and microwave detector-log video amplifiers (DLVA); very high-frequency filters; and naval power conversion and distribution equipment. Coolisys provides its technology and services through its three primary groups: the Power Solutions Group (PSG); the Defense and Aerospace Solutions Group (DSG); and the Advanced Service Industries (ASI) Group. Coolisys manages five divisions, including Digital Power Corporation, www.DigiPwr.com, a leading provider of power electronics technology based in Northern California; Digital Power Limited dba Gresham Power Ltd., www.GreshamPower.com, a designer and manufacturer of power distribution systems primarily for Naval use based in Salisbury, UK; Microphase Corporation, www.MicroPhase.com , a designer and manufacturer of microwave electronics technology based in Shelton, CT; Power-Plus Technical Distributors, www.Power-Plus.com, a value-added distributor based in Sonora, CA; and Enertec Systems, www.Enertec.co.il, a developer and manufacturer of specialized advanced electronic systems for the defense and aerospace and medical sectors based in Karmiel, Israel.
Digital Power Lending, LLC, www.DigitalPowerLending.com, a wholly owned subsidiary of the Company, is based in Fremont, CA, and is a California private lending company operating under Financial Lender’s License ##60DBO-77905 dedicated to strategically providing capital to small and middle size businesses for an equity interest in addition to loan fees and interest. Super Crypto Mining, Inc. www.SuperCryptoMining.com, a wholly-owned subsidiary of the Company, is based in Newport Beach, CA that leverages its engineering expertise and existing locations to create crypto currency mining facilities across the globe. Super Crypto Mining, Inc. operates the branded divisions, Super Crypto Power, www.SuperCryptoPower.com and Super Miner, www.SuperMiner.com. DPW Holdings, Inc.’s headquarters is located at 201 Shipyard Way, Suite E, CA 92663; www.DPWHoldings.com.
Contacts: Ron Parham or Kirsten Chapman, LHA Investor Relations, 415.433.3777, dwpholdings@lhai.com
$GENE Announces Expansion of Genetic Risk Assessment Tests
MELBOURNE, Australia, July 16, 2018 — Genetic Technologies Limited (ASX:GTG) (Nasdaq:GENE) (“Company”), a diversified molecular diagnostics company embracing blockchain technologies across genomic testing platforms, announced today that both its new breast cancer and colorectal cancer risk assessment tests are on track for release in October 2018. In addition the company has already commenced development of other cancer and disease targets for its predictive technologies. The company expects to have the following tests available over the next 12 months:
- Prostate Cancer
- Melanoma
- Type 2 Diabetes
- Cardiovascular Disease
For perspective, there are 17.7 million deaths per annum due to cardiovascular disease, 8.2 million deaths per annum due to cancer and 1.6 million deaths per annum due to diabetes. (Source: World Health Organisation).
Genetic Technologies Chairman and CEO, Dr Paul Kasian commented: “This is a very exciting time for GTG. We are now offering an opportunity for doctors to improve their ability to assess a patient’s breast cancer risk. Our new test, when combined with BRCA testing, will account for almost 100% of breast cancers. Currently BRCA testing alone only accounts for 5 to 10% of breast cancers. Added to this our expanded range of tests will allow doctors to assess a patient’s risk to some of the most common causes of morbidity and mortality.”
FOR FURTHER INFORMATION PLEASE CONTACT
Dr Paul Kasian
Director & Interim CEO
Genetic Technologies Limited
+ 61 3 8412 7000
Jason Wong (USA)
Blueprint Life Science Group
+1 (415) 375 3340, Ext. 4
About Genetic Technologies Limited
Genetic Technologies is a diversified molecular diagnostics company embracing blockchain technologies across genomic testing platforms. GTG offers cancer predictive testing and assessment tools to help physicians proactively manage patient health. The Company’s lead product, BREVAGenplus®, is a clinically validated risk assessment test for non-hereditary breast cancer and is first in its class. For more information, please visit www.brevagenplus.com and www.phenogensciences.com.
Genetic Technologies is developing a pipeline of risk assessment products including a novel colorectal cancer (CRC) test. For more information, please visit www.gtgcorporate.com
Safe Harbor Statement
Any statements in this press release that relate to the Company’s expectations are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees. Since this information may involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. Additional risks associated with Genetic Technologies’ business can be found in its periodic filings with the SEC.
$CODA Enters into a Navy Cooperative Research And Development Agreement
- U.S. Naval Sea Systems Command plan for multi-generation of development of real time 3D DAVD-HUD was outlined at Undersea Defence Technology 2018 conference;
- Program to transition Divers Augmented Vision Display-Head Up Display System (DAVD-HUD) prototype into Gen 1 system ready for operational use within 12 months; technology to transition from CRADA to Exclusive Invention Licensing Agreement;
- CODA project scope expanded from visualization software to productize the full system including 3D sonar, diver helmet hardware and surface electronics;
- DAVD-HUD will be an “Authorized for Navy Use” (ANU) product available for supply across the U.S. Navy and military.
- Coda Octopus’s proprietary commercial sonar technology, Echoscope®, would also be added to the ANU list.
ORLANDO, FL, July 16, 2018 – Coda Octopus Group, Inc. (CODA) (Nasdaq:CODA) a global leader in real-time 3D sonar technology and real-time subsea intelligence, announced the Company has entered into a Navy Cooperative Research Development Agreement (CRADA) to transition the prototype of the Divers Augmented Vision Display-Head Up Display system (DAVD-HUD) into a complete system that is ready for operational use, with Naval Surface Warfare Center Panama City Division (NSWC PCD). The DAVD-HUD first generation system (Gen 1), along with an outline plan for the development of the second, third and fourth generations of the DAVD-HUD, were unveiled by Mr. Paul D. McMurtrie, Diving Equipment RDT&E Program Manager for Naval Sea Systems Command 0038 at the Undersea Defence Technology 2018 conference held June 27, 2018 in Glasgow, Scotland.
The outline plan indicates that the DAVD-HUD product will advance military naval activities significantly, and is considered a critical deliverable to Naval Sea Systems Command (NAVSEA) and other naval bodies. The prototype DAVD-HUD, which includes CODA’s real-time 3D visualization software, has been successfully trialed and evaluated by divers, as well as astronauts, generating much interest for the product and its capability across numerous naval bodies. The internal naval sponsors of the program have grown substantially since Coda became involved in 2016, as the trials and evaluations have conclusively shown the significant benefits and advancement that the DAVD-HUD will bring to naval operations. Speaking at the conference, Mr. McMurtrie described a four-phase multi-generational development program through 2025, with CODA as the program’s partner that will work in conjunction with NSWC PCD to deliver this critical and state-of-the-art advancement to the military community.
Under the terms of the CRADA, CODA, in collaboration with NSWC PCD, will transition the existing prototype to a first-generation operational system in production no later than 12 months from the date of the CRADA. CODA would then be granted an Exclusive Invention Licensing Agreement to produce and supply the complete system of software and hardware to the Navy and military community. Once released for sale, the DAVD-HUD, along with CODA’s real-time 3D sonar and 3D visualization software which is branded commercially as Echoscope®, will be an “Authorized for Navy Use” (ANU) item, allowing these products to be purchased by the U.S. Navy and U.S. Allies.
The agreement to transition and develop the DAVD-HUD prototype is an expansion of CODA’s original brief on program. CODA received U.S. Government funding for the development of the 3D visualization software to be used with the DAVD prototype that was using 2D imaging sonar data. CODA was tasked to bring real-time 3D sonar and diver tracking into the DAVD – displayed simultaneously in real time for both divers in the water and diving operations’ supervisors on the surface, to use to navigate to targets, identify specific targets and conduct operations, such as repair work. The new scope of work extends to developing the second, third and fourth generations of the complete DAVD-HUD, including the helmet with all electronics, as well as the real-time 3D sonar and 3D visualization software.
Annmarie Gayle, Coda Octopus Group’s Chairman and CEO said: “I am very excited and pleased that we have been given this significant opportunity to take forward the initial vision of the DAVD-HUD into a real-time, real-world application that will greatly advance defense and military applications. This is a significant development for Coda Octopus as it positions the Company to roll out its unique real-time 3D capabilities, both hardware and software, across the Navy – a very important group of users. This is a seismic shift as it paves the way for standardization of our real-time 3D sonar products into this very important market. Although we are on a 12-month contractual commitment to develop the first generation of the DAVD-HUD, we intend to deliver this much sooner and get this critical product into operation across the Navy Community.”
For further information, see CODA’s news release, “Coda Octopus Group Awarded Contract to Advance U.S. Naval Diving Operations with State-of-the-art Real-time 3D Subsea Intelligence for Next Generation Wearable Head Up Display with Embedded Software” (February 5, 2018).
About Coda Octopus Group, Inc.
Originally founded in 1994 as Coda Technologies, the Coda Octopus Group’s patented real-time 3D subsea sonar technology, Echoscope®, enables real-time 3D imaging and mapping in zero visibility conditions underwater, and is used globally in numerous applications including defense, marine construction, oil and gas subsea infrastructure installation and surveys, and port and harbor security. For further information, please visit http://www.codaoctopusgroup.com or contact us at: cogi@codaoctopusgroup.com.
About Naval Surface Warfare Center Panama City Division (NSWC PCD)
The mission of Naval Surface Warfare Center Panama City Division is to conduct research, development, test and evaluation, and In-Service support of Mine Countermeasure Systems, Naval Sea Mine Systems, Naval Special Warfare Systems, Amphibious & Expeditionary Maneuver Warfare Systems and support all other systems that occur primarily in coastal or littoral regions. Today, Naval Surface Warfare Center Panama City Division is one of the major research, development, test and evaluation laboratories in the U.S. Navy and boasts a wide base of expertise in engineering and scientific disciplines. By October 2017, the command employed more than 1,400 civilian employees of which over 800 were scientists and engineers. NSWC PCD prides itself of being good stewards of the environment and taxpayer dollar. The command has a business base of more than $400 million of which $330 million goes back into the State of Florida through labor dollars, contract services, and local goods. For further information, please visit http://www.navsea.navy.mil/Home/Warfare-Centers/NSWC-Panama-City/.
Forward Looking Statement
This press release contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include, without limitation, statements regarding the Company’s expectations for the growth of the Company’s operations and revenue. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, customer demand for our products and market prices; the outcome of our ongoing research and development efforts relating to our products including our patented real time 3D solutions; our ability to develop the sales force required to achieve our development and other examples of forward looking statement set forth in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on January 30, 2018. Coda Octopus Group, Inc. does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
Contact:
MDC Group
Investor Relations:
David Castaneda
Arsen Mugurdumov
414.351.9758
Media Relations:
Susan Roush
805.624.7624
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