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$YGYI Subsidiaries and Nicaraguan Partners Break Ground on Hemp Grow Project
Youngevity International (NASDAQ: YGYI) today announced that its wholly-owned subsidiaries, CLR Roasters LLC and Khrysos Industries, Inc., along with its Nicaraguan Partners, have officially broken ground on the hemp grow and oil extraction joint venture project on Chaguitillo Farms in Sebaco-Matagalpa, Nicaragua. The first phase of the development project includes plans to run electricity that will power the 15,000 AMP electrical service that is necessary to power the project. Per the news release, the official electrical permits have been approved. As an update to stakeholders and the community, the joint venture also released a rendering of the project (http://cnw.fm/j4GoO). “It is impressive to see how quickly this project is getting off the ground and we are grateful for the collaboration between our hemp enterprise, our coffee enterprise and our strategic business partners in Nicaragua. We are proud to share our first of what will be many updates to all stakeholders,” Youngevity president and CFO Dave Briskie stated in the news release.
To view the full press release, visit http://cnw.fm/nJM4i
About Youngevity International
Youngevity International is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The company features a multi country selling network and has assembled a virtual main street of products and services under one corporate entity. YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For more information, visit the company’s website at www.YGYI.com.
NOTE TO INVESTORS: The latest news and updates relating to YGYI are available in the company’s newsroom at http://cnw.fm/YGYI
About HempWireNews
HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HWN is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.
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$CNPOF to Release Q4 and Fiscal Year 2020 Financial Results, Host Conference Call and Webcast
Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced that it will report its financial results for the fourth quarter and fiscal year ended March 31, 2020 before markets open on Friday, May 29, 2020. According to the update, the Company will also host a conference call and audio webcast, led by its President and CEO Narbé Alexandrian and CFO Eddie Lucarelli, following release of its results. The call is scheduled to take place at 9:00 AM Eastern Time on May 29, 2020. Interested parties may join the call by dialing 888-390-0546 (North America Toll Free) and entering conference ID: 60093937. A replay will be available until 11:59 PM Eastern Time on June 29, 2020, by dialing 1-888-390-0541 and entering replay password: 093937#.
To register and log into the live audio webcast, visit http://cnw.fm/nnt0P
To view the full press release, visit http://cnw.fm/UOvk0
About Canopy Rivers
Canopy Rivers is a venture capital firm specializing in cannabis. Its unique investment and operating platform is structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers identifies strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire portfolio. For more information, visit www.CanopyRivers.com.
NOTE TO INVESTORS: The latest news and updates relating to CNPOF are available in the company’s newsroom at http://cnw.fm/CNPOF
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW 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. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
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$BHAT Announces Filing of Annual Report on Form 20-F for Fiscal Year 2019
XIAMEN, China, May 11, 2020 — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), a producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission (the “SEC”) on May 11, 2020. The annual report on Form 20-F, which contains the Company’s audited consolidated financial statements, can be accessed through the SEC’s website at http://www.sec.gov or the Company’s investor relations website at http://ir.bluehatgroup.com.
In addition, the Company will provide a hard copy of its annual report on Form 20-F, containing the Company’s audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to Investor Relations Department, Blue Hat Interactive Entertainment Technology, 7th Floor, Building C, No. 1010 Anling Road, Huli District, Xiamen, China 361009.
About Blue Hat
Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The Company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com.
Contacts:
Lexie Zhang
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net
Sam Martin
The Foote Group
Phone: +86 187-0160-0950
Email: sam@thefootegroup.com
$SRAX BIGtoken and Publicis Groupe Release Mother’s Day Consumer Insights via Research Study
SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today released a Mother’s Day research study with Publicis Groupe, one of the largest marketing and communications companies in the world. According to the update, Publicis Groupe activated Lightning Insights and surveyed BIGtoken users across its panel of millions of consumers to examine the ways in which consumers purchased and celebrated Mother’s Day. Per the study, 84% of respondents celebrated Mother’s Day in some way this year, with 49% having hosted a virtual gathering, 68% sending a gift, gift card or food, and 49% purchasing items online for the holiday. “BIGtoken is happy to play a role in helping brands understand rapidly changing consumer behaviors during this time,” George Stella, EVP SRAX/BIGtoken, said in the news release. “Because our users are compensated as they share their data, we’re proud to put a little money back in their pockets. We look forward to continuing to use our platform to help in this crisis by connecting brands directly with their customers, and providing quick, relevant insights and audiences they can activate.”
To view the full press release, visit http://nnw.fm/IHce4
About SRAX
SRAX (NASDAQ: SRAX) is a digital marketing and consumer data management technology company. SRAX’s technology unlocks data for brands in the CPG, investor relations, luxury, and lifestyle verticals. Through its various platforms, SRAX is monetizing its data sets and growing multiple recurring revenue streams. BIGtoken is a consumer-managed data marketplace where people can own and earn from their data. The platform also provides advertisers and media companies access to transparent, verified consumer data to better reach and serve audiences. Sequire is a premier platform for investor intelligence and communication. Through Sequire, public companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information on SRAX and its verticals, visit www.SRAX.com.
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.
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$MEDS Featured in Dougherty & Company LLC Research Report
Trxade Group Inc. (NASDAQ: MEDS) was featured in a recent equity research report published by Dougherty & Company LLC. The report reads, “We reiterate our Buy rating and $12 Price Target on MEDS following Q1 results that beat expectations. As the only estimate on the Street, we note that revenue, EBITDA and EPS were each ahead of our forecast. MEDS added 305 new pharmacy registrations which was in line with our forecast of 300. We were pleased also with the “same-store” growth of pharmacy prescription volume which was up 14% y/y and drove the upside to our model. Results were especially strong in light of the COVID pandemic which impacted results in the last 3 weeks of March. We are increasing estimates for 2020 and continue to recommend the name.”
To request access to the full report, visit http://nnw.fm/JXH6i
About Trxade Group Inc.
Headquartered in Tampa, Florida, Trxade Group Inc. is an integrated drug procurement, delivery and healthcare platform that enables price transparency and increased profit margins to buyers and sellers of pharmaceuticals, makes healthcare services affordable and accessible across all 50 states, and steps in to meet today’s immediate demands. Founded in 2010, Trxade Group is comprised of four synergistic operating platforms; the Trxade B2B trading platform with 12,100 registered pharmacies, a licensed virtual Wholesaler, affordable healthcare via its Bonum Health app or web-based telehealth services, and same day or mail order pharmacy delivery capabilities via its DelivMeds app featuring its extensive nationwide distribution network. For additional information, please visit www.Trxade.com.
NOTE TO INVESTORS: The latest news and updates relating to MEDS are available in the company’s newsroom at http://nnw.fm/MEDS
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.
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$PBIO Reveals Plan to Change Company Name to Availa Bio Upon Completion of Cannaworx, SkinScience Transactions
Pressure BioScience (OTCQB: PBIO) (“PBI”), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the worldwide biotechnology, biotherapeutics, cosmeceuticals, nutraceuticals, and food & beverage industries, today announced its plan to change the company’s name to Availa Bio upon completion of the acquisitions and merger of Cannaworx, Inc. and SkinScience Labs, Inc. The three companies will function as synergistic divisions within the combined “Availa Bio” entity, which will focus on optimizing bioavailability, absorption, quality and performance of human, animal and agricultural products. “PBI’s UST platform offers the potential to deliver an extraordinary breakthrough in creating unique, high quality nanoemulsions of oil in water. A vast range of personal care and consumption products, including nutraceuticals, cosmetics, pharmaceuticals, food & beverages, all face the perplexing challenge of getting active oil-based nutrients or therapeutic ingredients to become easily absorbable and effective in the water-based biology of our bodies. The opportunity to combine our strong engineering and biotech capabilities with two companies that already provide product innovation and brand leadership in diverse consumer product areas is very exciting and allows us to clearly move the identity and market focus of the combined companies from science platforms to the value delivery of availability and performance of active ingredients in final products,” Pressure BioScience president and CEO Richard T. Schumacher stated in the news release.
In addition, the company was recently highlighted in a Small Caps Daily article discussing the recently announced acquisitions (http://cnw.fm/rSC4x). Among other highlights, the article discusses how the company will advance following the acquisitions of Cannaworx, a company with a strong and diversified portfolio of U.S. hemp-derived CBD products and intellectual property, and the SkinScience(R) brand, a profitable and highly renowned company within the cosmetics space. Both the letter of intent (“LOI”) between Cannaworx, Inc. and SkinScience Labs, and the letter of intent between PBIO and Cannaworx, Inc. are subject to certain closing conditions, including satisfaction of all due diligence and acquisition financing.
To view the full press releases, visit http://cnw.fm/h2Xht and http://cnw.fm/A1QiO
About Pressure BioSciences Inc.
Pressure BioSciences is a leader in the development and sale of innovative, broadly enabling, pressure-based solutions for the worldwide life-sciences industry. The company’s 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). PBIO’s 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 and plant biology, forensics and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of its pressure-based technologies in the following areas: (1) the use of its recently acquired, patented technology from BaroFold Inc. (the “BaroFold” technology) to allow entry into the biopharma contract services sector, and (2) the use of its 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 (ii) prepare higher-quality, homogenized, extended shelf-life or room-temperature, stable, low-acid liquid foods that cannot be effectively preserved using existing nonthermal technologies. For more information, visit the company’s website at www.PressureBiosciences.com.
About CBDWire
CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.
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$GGBXF 420 with CNW – Medical Cannabis Telehealth Approved During Coronavirus Pandemic
With the coronavirus outbreak ravaging most continents, we’ve been forced to find ways to keep crucial services running. The internet has played an integral role, especially in regard to meetings, learning, and shopping. One other crucial contribution has been telehealth.
Most doctors prefer face to face visits but that has been made impossible by the current services. Telehealth is a good alternative, providing patients with the healthcare they need with zero risk. And since insurers and the federal government started covering virtual visits, states have begun allowing medical marijuana to be prescribed virtually.
The medical cannabis industry provides employment to hundreds of thousands of workers and medicine to millions. Most states that allow cannabis deemed the industry essential, giving cannabis dispensaries permission to keep operating during the lockdown. More than two dozen of those states have temporarily permitted prescribing medical cannabis virtually.
Although the conditions for virtual healthcare may vary, with some demanding initial physical visits, most states allow something similar to Maryland’s: “Upon termination of the state of emergency, this bulletin will terminate and certifying providers may no longer issue a written certification via telehealth.”
The practice is relatively new in the medical marijuana space, and some doctors and patients are warming up to it. Jordan Tishler, MD, runs a medical cannabis practice in the Boston area, and he prefers to be in the same room as his patients. However, after a month of just virtual visits, he says he has found “telemedicine works well for what I do.”
“It’s mostly talking and at the end, patients get an electronic copy of everything. They don’t even have to take notes,” says Leslie Mendoza Temple, MD, director of North shore Medical Group’s Interactive Medicine program in Chicago. She is also on the board of the advocacy group Doctors for Cannabis Regulation (DFRC).
According to Mendoza Temple, she is just as busy as she was before the pandemic. She hosts intractable pain group meetings via Zoom where she shares the risks and benefits and offers Q&A sessions. She holds individual virtual visits for each patient as well. “I don’t feel like it’s much, much different than the in-person visits I did before,” she says.
The almost seamless transition into telehealth may be because medical marijuana appointments rarely called for physical visits, even before the pandemic.
Advocates say that states should make this model permanent after the coronavirus outbreak dies down. “Patients love telemedicine. Even before the pandemic, patients and us were advocating for it. Our biggest concern is, can we continue to have this after the pandemic is over because it is a really useful resource,” Debbie Churgai, director of Americans for Safe Access, a medical cannabis advocacy group says.
Experts believe this new option if interacting with medical marijuana health professionals is a welcome development to marijuana industry players like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) who were worried patients would suffer due to lack of physical access to their doctors.
About CNW420
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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$GNPX Expands Oncology Franchise via Exclusive Worldwide Patent and Technology License Agreement
Genprex (NASDAQ: GNPX), a clinical-stage gene therapy company developing potentially life-changing technologies for patients with cancer and diabetes, today announced that it has entered into a patent and technology license agreement with The University of Texas MD Anderson Cancer Center, granting Genprex an exclusive worldwide license to a portfolio of 16 patent applications and related technology (“Licensed IP”) for the treatment of cancer using Genprex’s lead drug candidate and TUSC2 gene therapy, known as “Oncoprex” or “GEN-001,” in combination with immunotherapies. The Licensed IP covers the use of Oncoprex in combination with one or more immunotherapies for the treatment of cancer, as well as the use of chemotherapy in combination with Oncoprex and immunotherapy. Although the initial disease indication for Oncoprex is non-small cell lung cancer (“NSCLC”), the Licensed IP claims patent protection for combination use of Oncoprex in all types of cancers. Per the agreement, MD Anderson will receive an up-front license fee and annual maintenance fees, with the potential for milestone payments, sublicensing fees, and product royalties. “We are pleased to advance the intellectual property that is covered by this license agreement,” Genprex Chairman and CEO Rodney Varner stated in the news release. “We are excited to be developing two distinct therapeutic approaches to lung cancer utilizing the combination of our gene therapy with successful targeted therapies, such as Tagrisso, and immunotherapies, such as Keytruda, to potentially improve patient outcomes and increase the number of patients who may benefit from these important therapies.”
To view the full press release, visit http://nnw.fm/Cf8NI
About Genprex, Inc.
Genprex, Inc. is a clinical-stage gene therapy company developing potentially life-changing technologies for patients with cancer and diabetes. Genprex’s technologies are designed to administer disease-fighting genes to provide new treatment options for large patient populations with cancer and diabetes who currently have limited treatment options. Genprex works with world-class institutions and collaborators to in-license and develop drug candidates to further its pipeline of gene therapies in order to provide novel treatment approaches. The Company’s lead product candidate, Oncoprex(TM), is being evaluated as a treatment for non-small cell lung cancer (“NSCLC”). Oncoprex has a multimodal mechanism of action that has been shown to interrupt cell signaling pathways that cause replication and proliferation of cancer cells; re-establish pathways for apoptosis, or programmed cell death, in cancer cells; and modulate the immune response against cancer cells. Oncoprex has also been shown to block mechanisms that create drug resistance. In January 2020, the U.S. Food and Drug Administration granted Fast Track Designation for Oncoprex immunogene therapy for NSCLC in combination therapy with osimertinib (AstraZeneca’s Tagrisso(R)). For more information, please visit the company’s website at www.Genprex.com.
NOTE TO INVESTORS: The latest news and updates relating to GNPX are available in the company’s newsroom at http://nnw.fm/GNPX
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.
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$UUUU Featured in ROTH Equity Research Report
Energy Fuels (NYSE American: UUUU) (TSX: EFR) was featured in a recent equity research report published by ROTH Capital Partners LLC. The report reads, “On May 1, 2020, UUUU released its financial and operating results for Q1 2020. Based on these results and near-term production expectations, we believe UUUU is going to wait for improved uranium price before increasing production. Due to this and recent equity transactions, we are cutting our price target from $3.25 to $2.00 and maintaining our Buy rating.”
To request access to the full report, visit http://nnw.fm/DXCr3
About Energy Fuels Inc.
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The Company also produces vanadium from certain of its projects, as market conditions warrant. Its corporate offices are in Lakewood, Colorado near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant. The Nichols Ranch ISR Project is in operation and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S. and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU,” and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” For more information, visit the Company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.
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$POAI Streamlines Capital, Simplifies Balance Sheet through Debt Exchange
- POAI CEO exchanges $2.1 promissory note for shares of common stock
- Agreement enables Predictive Oncology to strengthen balance sheet, simplify capital structure at critical juncture in quest to commercialize highly valuable database
- POAI cancels outstanding debt of $2,115,000 in aggregate principal amount of 12% promissory note
Predictive Oncology Inc. (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence to personalized medicine and drug discovery, has entered into an agreement with its CEO to exchange a $2.1 million promissory note for newly issued equity (http://nnw.fm/Y1UeQ). The strategic move demonstrates the confidence CEO Dr. Carl Schwartz has in the growing company.
“This agreement enables the company to strengthen its balance sheet and simplify its capital structure at a critical juncture in our quest to commercialize our highly valuable database of cancer tumors for the advancement of predictive medicine,” Schwartz said in a news release. “At the same time, it reinforces my commitment and demonstrates my belief in our ability to emerge as a leader in the application of artificial intelligence to oncology therapies.”
According to the agreement, Schwartz will exchange the promissory note for shares of common stock, $0.01 par value of Predictive Oncology at market value. In addition, Schwartz agrees not to sell or otherwise transfer one-half of the shares for three months after the date of the exchange agreement and not to sell or otherwise transfer the remaining shares for six months after the date of the agreement. Negotiated between the POAI and Schwartz on an arms-length basis, the agreement was approved by the Audit Committee of the company’s board of directors in accordance with Nasdaq listing requirements.
POAI received the note from Schwartz, exchanging it for 1,533,481 shares of common stock, newly issued at an exchange rate of $1.43 per share, the closing price of POAI common stock on April 21, 2020, prior to the execution of the agreement. Upon receipt, Predictive Oncology cancelled outstanding debt of $2,115,000 in aggregate principal amount of its 12% promissory note; the note was due to Schwartz by September 2020.
Additional details regarding the agreement can be found at www.SEC.gov on the company’s Form 8-K filed with the Securities and Exchange Commission on April 22, 2020.
POAI is bringing precision medicine, or tailored medical treatment using the individual characteristics of each patient, to the treatment of cancer. Through the company’s Helomics division, the company leverages its unique, clinically validated patient derived (PDx) smart tumor profiling platform to provide oncologists with a road map to help individualize therapy. In addition, the company is leveraging artificial intelligence and its proprietary database of over 150,000 cancer cases tumors to build AI-driven models of tumor drug repose to improve outcomes for the patients of today and tomorrow.
For more information, visit the company’s website at www.Predictive-Oncology.com
NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://nnw.fm/POAI
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$ICLK Files 2019 Annual Report with the SEC on Form 20-F
iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, announced that on April 30, 2020 the company filed its annual report for the fiscal year ended December 31, 2019 on Form 20-F with the U.S. Securities and Exchange Commission (“SEC”). iClick Interactive Asia Group’s annual report on Form 20-F, which includes its audited consolidated financial statements, is available to view on the SEC’s website (www.SEC.gov) and on the company’s investor relations website (http://ir.i-click.com).
To view the full press release, visit http://nnw.fm/7Y75l
About iClick Interactive Asia Group
iClick Interactive Asia Group Limited is an independent, online marketing and enterprise-data-solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, the company’s proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and currently operates in 10 locations worldwide, including Asia and Europe. For more information, visit the company’s website at www.i-Click.com.
NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://nnw.fm/ICLK
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$UUUU Leading Charge to Reduce U.S. Dependence on Foreign Sources of Uranium
- U.S. government recently issued policy determinations aimed at revitalizing domestic mining industry
- UUUU’s White Mesa Mill is only conventional uranium mill in the United States
- Energy Fuels is largest domestic producer of uranium with assets accounting for over one-third of nation’s supply since 2006
Despite being the world’s largest consumer of uranium, the United States has almost zero capabilities in uranium mining, conversion or enrichment, forcing it to import the majority of its uranium and rare earth elements (REEs) from Russia and China. Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), the leading U.S. producer of uranium, is leading the charge to reduce this major supply chain vulnerability, spurred by initiatives from the government to bring production back to the U.S. and to revitalize this segment of the domestic mining industry.
“America has become 100% dependent on uranium imports, with increasing quantities coming from Russia and its allies,” CEO Mark Chalmers explained during a recent corporate presentation (http://nnw.fm/SE2e8). “That should shock everybody because we are the largest consumer of uranium in the world.”
“Similarly, we are also dependent on imports of rare earth elements from China,” he said, referring to China’s 90% control of global markets for rare earth elements (http://nnw.fm/9eSs0).
This dilemma has spurred several initiatives by the Trump administration, including the president issuing determinations that declare rare earth elements essential to national security, the U.S. Department of Interior declaring uranium and vanadium (another metal produced by Energy Fuels) critical to America’s security and economic prosperity, and the pursuit of $1.5 billion in funds to purchase uranium directly from domestic producers to create a strategic U.S. uranium reserve. In addition, the President’s Nuclear Fuel Working Group released its report on April 23, 2020, which represents the strongest commitment since the 1970’s by the U.S. government to support domestic uranium miners.
“Energy Fuels been the largest producer of uranium over the last couple of years, and we have far more production assets, capacity and capabilities to increase production quicker and faster than any other U.S. company,” said Chalmers. Between 2017 and 2019, UUUU was the largest producer of uranium in the United States, with assets accounting for more than one-third of the nation’s supply since 2006.
Of particular interest to investors and the government is the company’s Utah-based White Mesa Mill, which has a licensed capacity to produce over 8 million pounds of uranium per year. This is the only conventional uranium mill in the country and the only facility in the U.S. able to process ore from hardrock mines.
In addition, the Energy Fuels holds two fully licensed, constructed and low-cost in situ recovery (“ISR”) mines in Wyoming and Texas. Moreover, uranium spot prices have risen 30% over the past two months, making Energy Fuels’ 500,000-plus pounds of existing uranium inventory more valuable, and the company’s “first-mover” advantage all the more important.
Besides uranium, the White Mesa Mill has other diverse businesses that include alternate feed materials recycling, land cleanup and the mining of vanadium – a critical metal used in the steel, aerospace and chemical industries. Vanadium is also used as a catalyst in next-generation, high-capacity, community-scale renewable energy batteries, and demand for the element is expected to grow as the market for green technologies expands.
Based in Lakewood, Colorado, Energy Fuels is the largest producer of uranium, and the leading conventional producer of vanadium, in the United States. The company’s production portfolio boasts more uranium production facilities, more production capacity, and more in-ground resources than any other producer in the United States, uniquely positioning the company to benefit from future price increases and directives by the U.S. government aimed at revitalizing the domestic mining industry.
For more information, visit the company’s website at www.EnergyFuels.com
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
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$YGYI Subsidiary’s Hemp-Derived Coffee Product Line Now Available on Amazon.com
Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, today announced that its hemp derived coffee brand Javalution is now available for immediate shipping at Amazon.com. The full line of hemp coffee is available for purchase on Amazon in the flavors House Blend, Donut Shop Blend, French Vanilla, and Dark Roast. “We already see the Javalution Hemp Derived K-Cups showing up at the top of the Amazon search engines which has us optimistic about Javalution’s sales potential within this platform,” YGYI president and CFO Dave Briskie stated in the news release. “We are excited for the Amazon customer to experience the flavor profile of Javalution Hemp Derived Coffees.”
To view the full press release, visit http://cnw.fm/Y2kDR
About Youngevity International, Inc.
Youngevity International, Inc. is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity. YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For more information, please visit www.YGYI.com.
NOTE TO INVESTORS: The latest news and updates relating to YGYI are available in the company’s newsroom at http://cnw.fm/YGYI
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HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.
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$MEDS Announces Engagement of MZ Group to Expand Strategic Communications Program Across Key Markets
Trxade Group, Inc. (NASDAQ: MEDS), an integrated drug procurement, delivery and healthcare platform, today announced its engagement of international investor relations specialists MZ Group (“MZ”) to expand its comprehensive strategic investor relations and financial communications program across all key markets. According to the update, MZ Group will work closely with Trxade Group management in the development and implementation of a comprehensive capital markets strategy designed to increase the Company’s visibility throughout the investment community. “This is an exciting time for Trxade Group, having achieved key growth milestones in 2019, positioning us for a breakout year in 2020 as we continue to scale our proprietary platform,” Trxade Group chairman and CEO Suren Ajjarapu said in the news release. “The importance of our trading platform has been validated by the market, having grown our footprint of registered independent pharmacy members to 40% in 2019 to over 12,100 locations nationwide. These pharmacies have seen purchasing efficiencies on our platform before and during the COVID-19 pandemic, as we uniquely positioned to supply COVID-19 test kits in time to make a difference in the lives of their patients. Together with MZ Group, we will enhance our investor communications and awareness efforts, while simultaneously working to create sustainable value for our shareholders over the long-term.”
To view the full press release, visit http://nnw.fm/1pMdc
About Trxade Group, Inc.
Headquartered in Tampa, Florida, Trxade Group, Inc. (NASQAQ: MEDS) is an integrated drug procurement, delivery and healthcare platform that enables price transparency and increased profit margins to buyers and sellers of pharmaceuticals, makes healthcare services affordable and accessible across all 50 states, and steps in to meet today’s immediate demands. Founded in 2010, Trxade Group is comprised of four synergistic operating platforms; the Trxade B2B trading platform with 12,100 registered pharmacies, a licensed virtual Wholesaler, affordable healthcare via its Bonum Health app or web-based telehealth services, and same day or mail order pharmacy delivery capabilities via its DelivMeds app featuring its extensive nationwide distribution network. For additional information, please visit www.Trxade.com.
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$MEDS Enters First Agreement to Supply COVID-19 Testing Kits
Trxade Group, Inc. (NASDAQ: MEDS), an integrated drug procurement, delivery and healthcare platform, today announced entry into its first Covid-19 antibody testing kits supply agreement with law firm McIntyre Thanasides Bringgold Elliott Grimaldi Guito & Matthews, P.A. According to the update, the midsized Tampa firm will today begin periodic testing of its employees and their families, and the partnership will promote a safer working environment and increase Covid-19 exposure risk awareness. Trxade’s Integra Pharma Solutions, LLC subsidiary will provide antibody rapid blood test kits, intended to be administered at point of care with no additional instrumentation needed, and Accomplished Home Health Care staff will perform the testing. “As we start bringing more employees back to the office, we believe that it is important to take additional precautions to protect them. Trxade offers a relatively inexpensive supply solution that delivers quick results. Accomplished Home Health Care provides the medical supervision to ensure that the tests and results are being used appropriately,” the law firm’s President Richard J. McIntyre said in the news release. “We are very grateful to have both of them as partners in this battle against the coronavirus.”
To view the full press release, visit http://nnw.fm/D9j5W
About Trxade Group, Inc.
Headquartered in Tampa, Florida, Trxade Group, Inc. (NASQAQ: MEDS) is an integrated drug procurement, delivery and healthcare platform that enables price transparency and increased profit margins to buyers and sellers of pharmaceuticals, makes healthcare services affordable and accessible across all 50 states, and steps in to meet today’s immediate demands. Founded in 2010, Trxade Group is comprised of four synergistic operating platforms; the Trxade B2B trading platform with 12,100 registered pharmacies, a licensed virtual Wholesaler, affordable healthcare via its Bonum Health app or web-based telehealth services, and same day or mail order pharmacy delivery capabilities via its DelivMeds app featuring its extensive nationwide distribution network. For additional information, please visit www.Trxade.com.
NOTE TO INVESTORS: The latest news and updates relating to MEDS are available in the company’s newsroom at http://nnw.fm/MEDS
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NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.
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$SGLB Breakthrough Technology Positioned to Enhance Sustainability for Manufacturing Industry
- SGLB’s PrintRite3D(R) technology supports, enables wider adoption of 3D printing for scaled manufacturing
- Fourth industrial revolution’s new manufacturing technologies can usher in a cleaner, more sustainable world
- One of simple but substantial solutions that add to sustainability of 3D printing is assembly consolidation, or combining of several parts into fewer, multifunctional assemblies
In an industry that is “forever changing the way products are made” – specifically as it pertains to ushering in a cleaner, more sustainable world – Sigma Labs Inc. (NASDAQ: SGLB) stands out as a leading developer of quality-assurance software in the commercial 3D-metal-printing space. A recent World Economic Forum article, titled ‘These 4 Simple Solutions Can Help Make the Manufacturing Industry More Sustainable’, recognizes 3D printing as one such solution to enhance the industry’s success – and companies like SGLB are well positioned to help (http://nnw.fm/95xnG).
The fourth industrial revolution involves more than the transformative impact new manufacturing technologies – such as 3D printing – will have on companies and consumers, the article observes. “It’s also about how industry can usher in a cleaner, more sustainable world.”
“It’s foolish to deny the planet is rapidly approaching the day when the consequences of climate change will be unavoidable,” the article continues. “The question now facing many business leaders is whether – and how – we can both continue to build value for our shareholders and mitigate our impact on the natural world.”
One of the simple solutions that add to the sustainability of 3D printing is assembly consolidation, or the combining of several parts into fewer, multifunctional assemblies. “With fewer parts to transport, the process can make shipping networks more efficient, significantly reducing CO2 emissions,” the article states, going on to point out that, though the geometric flexibility of 3D printing makes it possible to create these multifunctional parts, additive manufacturing (AM) is still in its infancy when it comes to manufacturing production parts.
“In part, that’s because the story of the additive industry is really one of three distinct growth curves,” the article continues. “The first, beginning in the early 1990s, largely focused on research and development of the new additive technology. Today, the industry stands at the start of a new S-curve, which will see wider adoption of 3D printing for manufacturing, forever changing the way products are made.”
Sigma Labs has been on the cutting edge of the research and development taking place in the AM space and is already actively involved in supporting and encouraging the wider adoption of 3D metal printing through its PrintRite3D(R) product line. SGLB’s proprietary technology resolves the major roadblocks and costly quality-control challenges that slow down and even prevent the 3D manufacture of precision metal parts. The company’s breakthrough, computer-aided software product revolutionizes commercial additive manufacturing, enabling nondestructive quality assurance during production and allowing errors to be corrected in real-time.
Founded in 2010, Sigma is a software company that specializes in the development and commercialization of real-time, computer-aided-inspection (CAI) solutions known as PrintRite3D for 3D-advanced manufacturing technologies. SGLB’s advanced, computer-aided software product revolutionizes commercial additive manufacturing, enabling nondestructive quality assurance mid-production, uniquely allowing errors to be corrected in real time.
For more information about Sigma Labs, please visit www.SigmaLabsInc.com
NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://nnw.fm/SGLB
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.
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$SRAX Stock for Ads Program Helps Clients Retain Marketing Presence Amid Fiscal Belt-Tightening
- SRAX has launched a Stock for Ads Program, allowing clients to pay for media solutions through stock payments
- The company also offering customers subscriptions to its SRAX IR platform, helping publicly listed companies track shareholders’ behavior and manage investor outreach
- In spite of sharp increase in online audiences, major advertisers have been forced to slash marketing budgets, leading to drop in ad prices
As of April 18, nearly six out of every ten people around the world were forced or urged to stay at home, measures which have contributed to a stunning fall in global consumption (http://nnw.fm/YQUu1). In the United States, retail sales plunged by 8.7 percent in March (http://nnw.fm/lApt5), the biggest decline on record – prompting major corporations to respond by slashing their marketing expenditures. With the ongoing situation in mind, digital marketing pioneer SRAX Inc. (NASDAQ: SRAX) has launched an innovative Stock for Ads Program. The initiative is designed to support their clients through this critical period by helping them procure media solutions in exchange for stock payments as a way to help businesses continue to engage with their customers and conserve cash (http://nnw.fm/D9MVt).
Consumer spending accounts for more than two-thirds of U.S. economic activity, yet economists are predicting that consumption could decline by as much as 41 percent in the second quarter, relative to the same period last year (http://nnw.fm/7DTjM). However, U.S. ecommerce sales have been a bright spot within the sector, with online spending increasing by over 40 percent year-over-year since the state of national emergency was declared (http://nnw.fm/NtX2S). In fact, February marked the first month in US retail history where online shopping surpassed that carried out within ‘brick and mortar’ stores (http://nnw.fm/8psOP).
Companies hoping to capture a portion of these sales are handcuffed by budget restraints, however. According to the World Federation of Advertisers (WFA), which represents companies such as Unilever, Coca-Cola and Visa, 81 percent of large corporate advertisers are opting to defer ad campaigns, with over 57 percent of members revealing they had been obliged to reduce budgets “greatly or somewhat” due to the virus outbreak (http://nnw.fm/caqT5). SRAX has stepped in to address this unmet need through its stocks for ads program, being able to assist businesses capitalize on the significant captive audiences currently confined to their homes by helping companies increase their online presence without compromising their fiscal health.
“We understand what it means to be a publicly traded company and we want to help businesses continue, not halt their marketing efforts,” SRAX CEO and founder Christopher Miglino stated in a news release (http://nnw.fm/fRX5o). “With our custom media plans, businesses can attract and engage customers with digital ads, covering expenses up to a year in exchange for stock of their company.”
In addition to its marketing services, SRAX has offered its publicly traded corporate clients subscriptions to the Company’s investor intelligence and communications platform, SRAX IR. The platform, which enables companies to monitor their shareholders’ buying and selling behavior, carry out virtual investor meetings and develop insights which can be used to engage with current and potential investors, has become increasingly relevant given the heightened volatility in global markets.
Online advertising has been embroiled in an extraordinary paradigm this year. Facebook recently publicized that time spent by users across all of its apps has risen by 70 percent over the last few weeks (http://nnw.fm/1wYk1) while Snapchat reported a 50 percent increase in video calls through its app. However, and in spite of the increase in online audiences, the sheer breadth of companies freezing ad campaigns has led to a steep drop off in revenues for digital media platforms. Expedia and Marriott have been the latest companies to announce that they were slashing their marketing expenses, the former announcing an 80 percent cut in its annual ad spend while Marriott has halted all of its marketing efforts entirely (http://nnw.fm/gJ6Kv). This has led to digital ads costs declining sharply as Google, Twitter and other online ad companies have found themselves saddled with too much inventory.
In the brief history of digital media, there has never been a situation where a rise in online audiences has been met with a decline in advertisers seeking to attract their attention. Rather, companies have traditionally sought every opportunity to increase their marketing with research firm IHS Markit revealing that each dollar that companies spent on advertising in the United States last year led to $9 in sales (http://nnw.fm/Of3wC). Through its Stock for Ads program, SRAX has provided companies who would otherwise have been forced to reduce their marketing in a bid to conserve cash an invaluable opportunity to bolster their online presence during a tenuous time for the industry.
For more information, visit the company’s website at www.SRAX.com
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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$UUUU Hosting Webcast, Conference Call
Energy Fuels (NYSE American: UUUU) (TSX: EFR) on Thursday reported that it will be holding a webcast and conference call to discuss the recently announced recommendations by the U.S. Nuclear Fuel Working Group (“NFWG”), and how they may benefit the company. The call is taking place Friday, April 24 at 11:30 AM ET. To join the webcast, dial the toll-free line for the U.S. and Canada at 1-888-664-6392 or dial 416-764-8659. The webcast slides are available to view online at http://nnw.fm/dX2Cm. Additionally, a recorded version of the call will be available on the company’s website following the call and can be accessed by dialing the toll-free line for the U.S. and Canada at 1-888-390-0541 or 416-764-8677 and entering the code 391359#. The recording will be available until May 8, 2020.
To view the full press release, visit http://nnw.fm/e2Sz8
About Energy Fuels
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant. Its corporate offices are near Denver, Colorado, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers, the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant. The Nichols Ranch ISR Project is in operation and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S., and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
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
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212.418.1217 Office
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NetworkNewsWire is part of the InvestorBrandNetwork.
$GNPX Among 3 Penny Stocks To Watch With “Strong Buy” Ratings
I’m pretty sure that most people don’t think about penny stocks and analyst ratings at first. From what I’m sure many of you initially experienced, penny stocks have been known for volatile trading of “start-up” companies. Yet it’s important to keep in mind that just because they’re stocks under $5, it doesn’t mean they don’t have potential.
Most of this week, our writers have discussed penny stocks that hit it big this year. We’re not talking about stocks under $1 going to $2. We’re talking about cheap stocks under $5 that have moved higher than $40 in some cases. Check out some of these in our articles:
- 3 Former Penny Stocks That Scored Big On COVID-19
- 5 Penny Stocks That Hit It Big In 2020; 1 As Much As 700%
Honestly, no matter how you “feel” about penny stocks, there are a few things to consider before “writing them off” if you’re on the fence. For starters, some of these “no-name” companies attract “big name” financiers. While family offices will always lend money to penny stock companies, you can’t ignore the fact that so does Deutsche Bank, BofA, and even Wells Fargo. Another thing to consider is that analysts from these and other firms are also giving rating and issuing price targets for these stocks under $5.
[Read More] The Biggest Market Opportunity Of 2020: Coronavirus
So while the choice is yours, all I’m saying is don’t think all penny stocks are worthless names. The fact of the matter is that the vat majority actually have shown potential. Not only that but some of the more popular coronavirus stocks you’ve likely heard of, actually started as penny stocks. With this in mind, let’s see some names that analysts have given a “Strong Buy” rating to. Keep in mind, that analysts aren’t the end-all, be-all and you are ultimately responsible for determining if certain penny stocks are a “buy” or “sell” based on your research.
Strong Buy Penny Stocks To Watch #1: Trillium Therapeutics Inc.
Trillium Therapeutics Inc. (TRIL Stock Report) had a big day on Wednesday. Shares of TRIL stock jumped to highs of over $5 for the second time this month. If Trillium Therapeutics seems familiar, that’s because it is. We initially started to cover this penny stock back in December. At the time it was trading around $0.56. Prior to all of this coronavirus stock hype, Trillium was working on its TTI-621 immune therapy.
Jumping to this year and COVID-19 has dominated headlines. In the case of Trillium it has begun clinical trials of its TTI-621 and TTI-622. But the initial hype wasn’t stemming from a COVID-19 vaccine. Through all of this hype, Trillium has focused on its core model. Between its two treatments, the company is looking to address what’s known as a CD47-based treatment. This “CD47” is a protein found on cell surfaces but in most cancer cells, there are far more of this CD47 protein than there should be.
Jan Skvarka, President and Chief Executive Officer of Trillium said in a recent update, “While we expect a slowdown or potentially a pause in new patient enrolment in our TTI-621 and TTI-622 dose escalation studies, our strong financial position, with about $135 million in cash and investments, will enable us to navigate through this pandemic and continue to execute on our key strategic objectives.”
In March, attention shifted to Trillium after Gilead (GILD Stock Report) made a $4.9B bid for Forty Seven Inc. (FTSV Stock Report). The latter has a similar CD47 inhibitor for acute myeloid leukemia. Among analyst ratings, the majority have TRIL stock listed at “Strong Buy”. What do you think about TRIL stock? Comment below.

Strong Buy Penny Stocks To Watch#2: ReWalk Robotics Ltd.
Shares of ReWalk Robotics Ltd. (RWLK Stock Report) jumped over 30% with well-above-average trading volume on April 22. The company focuses on developing and commercializing exoskeletons to allow wheelchair-bound individuals to stand and walk. If it sounds like a familiar story, you may have also heard of a competitor, Ekso Bionics (EKSO Stock Report) and both are vying for market share.
This week both stocks saw noticeable moves. However, RWLK stock managed to win the battle of the percentage gains so far. Wednesday’s move echos a similar jump the medical device stock saw just last week. On April 14th the penny stock traded more than 6.9 million shares and jumped 68% in a single day. While this wasn’t as much the case for most of the April 22nd session, Power Hour trading saw a flurry of buying and even stronger aftermarket trading. Not only that but following the closing bell, RWLK hit a high of $1.31, which takes it right into “the gap”.
Here’s what I mean by that last part, back in February the stock gapped lower after announcing a discounted share offering. The difference between where it closed the day before and where it opens the day after the announcement is considered “the gap”. When penny stocks “enter the gap” while climbing higher, this could be considered a potentially bullish sign.
While there was no news to speak of on April 22, the volume can’t be ignored. Furthermore, among analyst ratings, the majority have RWLK stock listed at “Strong Buy”. What do you think about RWLK stock? Comment below.

Strong Buy Penny Stocks To Watch #3: Genprex Inc.
Genprex Inc. (GNPX Stock Report) saw its first day of above-average trading volume since mid-March. The penny stock jumped from an open of $2.02 to highs of $2.59 before closing at $2.36. However, it’s also worth noting that it traded more than 5 million shares when it normally trades less than 2.5 million on average. Needless to say, it piqued some interest on Wednesday. But similar to RWLK, GNPX stock gained more momentum later in the day than right off of the opening bell.
While the penny stock saw a steady climb before the afternoon, things started getting very active around 1:30 PM EST. This is when shares ran from around $2.15 to highs of $2.59. While there weren’t any corporate headlines on Wednesday, GNPX stock certainly attracted an audience. This came just a day after the company announced a new VP of Global Clinical Operations, Shannon Inman.
She’ll lead the clinical developmental strategies and protocol design while managing risk assessments. The trials include those with Genprex’s lead drug candidate, Oncoprex™. It is for non-small cell lung cancer and recently received Fast Track Designation for its combination with osimertinib, AstraZeneca’s first-line targeted EGFR TKI drug Tagrisso®.
Something else to note is that many traders were also discussing analyst ratings for the penny stock. Among analyst ratings, the majority have GNPX stock listed at “Strong Buy”. But as with the others, what do you think about GNPX stock? Comment below.

News Provided by PennyStocks.com via QuoteMedia
$UUUU Applauds Strategy to Restore American Nuclear Energy Leadership, Schedules Conference Call
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) today issued a news release applauding the Trump administration and the U.S. Nuclear Fuel Working Group (“NFWG”) for their work toward developing the Strategy to Restore American Nuclear Energy Leadership. Per the update, this comprehensive strategy seeks to revive and strengthen U.S. nuclear fuel capabilities, starting with uranium mining, with the goals of supporting U.S. energy and national security, preventing geopolitical adversaries (particularly those in Russia) from using their nuclear capabilities to influence the U.S. and the world, and promoting global non-proliferation objectives and nuclear safety. “President Trump initiated the most comprehensive review in decades of our nation’s nuclear fuel supply chain when he established the U.S. Nuclear Fuel Working Group,” Mark S. Chalmers, president and CEO of Energy Fuels, stated in the news release. “By appropriating and implementing the recommendations outlined in this strategy, our nation will take bold and much-needed steps toward reestablishing U.S. nuclear leadership, while protecting our national security.”
Energy Fuels will hold a webcast and conference call to discuss the NFWG’s recommendations, as well as how the company expects to benefit from their implementation, on Friday, April 24, at 11:30 a.m. ET. To join the webcast, dial 1-888-664-6392 (toll free in the U.S. and Canada) or 416-764-8659. The webcast slides can be accessed at http://nnw.fm/e4gYd.
To view the full press release, visit http://nnw.fm/Vrpg5
About Energy Fuels
Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant. Its corporate offices are near Denver, Colorado, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers, the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant. The Nichols Ranch ISR Project is in operation and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S., and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. For more information, visit the company’s website at www.EnergyFuels.com.
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://nnw.fm/UUUU
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
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$POAI CEO Discusses Distinctive Business Model in Exclusive Interview
Predictive Oncology (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine and drug discovery, today announced that its director and CEO Dr. Carl Schwartz was featured in an exclusive interview with NetworkNewsWire (“NNW”). In the interview, Dr. Schwartz discussed Predictive Oncology’s distinctive business model, as well as significant changes management is making to position the company for the future. “Predictive’s major asset is its Helomics subsidiary and its proprietary database of over 150,000 cancer tumors covering over 137 types of cancers, with over 30,000 tumors related to ovarian cancer, which is sort of our specialty. In fact, this is the largest inventory of its kind in the world,” Dr. Schwartz said, explaining that the collection was amassed over the last two decades by physicians sending in cancerous tumors to be tested with the known therapies of the time. “The results of these tests were in turn sent back to the referring physicians to be used as a guide or a reference as desired for treatment of the evaluated tumor. And the evaluated tumor was placed back in the physician’s therapy inventory. That’s how we amassed all these tumors.”
To listen to the interview, visit http://nnw.fm/o7Ysq
To view the full press release, visit http://nnw.fm/Z6Lyn
About Predictive Oncology Inc.
Predictive Oncology operates through three segments (domestic, international and other) that contain four subsidiaries; Helomics, TumorGenesis, Skyline Medical and Skyline Europe. Helomics applies artificial intelligence to its rich data gathered from patient tumors to both personalize cancer therapies for patients and drive the development of new targeted therapies in collaborations with pharmaceutical companies. Helomics’ CLIA-certified lab provides clinical testing that assists oncologists in individualizing patient treatment decisions, by providing an evidence-based road map for therapy. In addition to its proprietary precision oncology platform, Helomics offers boutique CRO services that leverage its TruTumor(TM), patient-derived tumor models coupled to a wide range of multi-omics assays (genomics, proteomics and biochemical), and an AI-powered proprietary bioinformatics platform to provide a tailored solution to its clients’ specific needs. Predictive Oncology’s TumorGenesis subsidiary is developing a new rapid approach to growing tumors in the laboratory, which essentially “fools” cancer cells into thinking they are still growing inside a patient. Its proprietary Oncology Discovery Technology Platform Kits will assist researchers and clinicians to identify which cancer cells bind to specific biomarkers. Once the biomarkers are identified, they can be used in TumorGenesis’ Oncology Capture Technology Platforms, which isolate and help categorize an individual patient’s heterogeneous tumor samples to enable the development of patient-specific treatment options. Helomics and TumorGenesis are focused on ovarian cancer. Predictive Oncology’s Skyline Medical division markets its patented and FDA-cleared STREAMWAY System, which automates the collection, measurement and disposal of waste fluid, including blood, irrigation fluid and others, within a medical facility, through both domestic and international divisions. The company has achieved sales in five of the seven continents through both direct sales and distributor partners. For more information, please visit www.Predictive-Oncology.com.
NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://nnw.fm/POAI
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.
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$SGLB Shareholder Letter Reports on ‘Perfect Opportunity’ for Company Growth
- SGLB executive chairman updates shareholders on how company is adjusting to COVID-19 pandemic
- Ruport reports on increased innovation, efficiency in its team dynamics
- Sigma Labs “adapt[s] seamlessly” to new conditions, sees future opportunity “bigger than… imagined”
In a recent letter to shareholders, Sigma Labs Inc. (NASDAQ: SGLB) Executive Chairman Mark K. Ruport discussed the expected impact of COVID-19 on the company, outlined recent company accomplishments and talked about upcoming milestones. Ruport stated that what SGLB is doing for the 3D-metal-printing industry is “more important and relevant than ever before” and that the current situation will have minimal long-term implications to the company’s business plan (http://nnw.fm/CaD3e). Sigma Labs is a leading developer of quality-assurance software for the commercial 3D-metal-printing industry that uniquely allows manufacturing anomalies to be corrected in real time.
“One of the things that has amazed me over the past few months is the level of interaction between our Sigma team and our customers,” he observed. “We seem to be carrying out evaluations and installations as if there wasn’t a crisis. In many ways, we are becoming more efficient and more innovative in responding to customer issues.
“For example, in the past, we were likely to just react and put an engineer on a plane and spend a few days at a customer’s site to get an hour or two on the printer to address an issue,” Ruport continued. “Today, we are experimenting with users wearing cameras, supplemented with augmented reality, to be our engineer’s eyes and instructing our customer on how to be our hands as we address a critical situation together. The result is a more educated and competent user, and a much more efficient Sigma team.”
Ruport noted that Sigma Labs is doing everything possible to ensure the safety of each of the people who work for the company and that SGLB’s work and culture before the pandemic “has allowed us to adapt seamlessly to work remotely.” One important change, he noted, was the prioritization of weekly company-wide conference calls to ensure that company officials maintain regular, frequent contact with its employees.
In the letter, Ruport talked about significant SGLB achievements over the past year, which include the following:
- Successful completion of several financings in order to continue to fund company development efforts and market initiatives.
- Launch and successful execution of Sigma Lab’s Rapid Test and Evaluation (RTE) program with five different companies.
- Granting of several patents to protect the company’s IP; this brings the total of SGLB patent portfolio to 11 issued and 24 pending patents.
- Continued sales of SGLB’s PrintRite3D(TM) to universities and R&D organizations around the world
- Announcement of PrintRite3D Production Series, which features a real-time production dashboard and several significant add-on features.
- Third-party validation of SGLB technology from influential organizations.
Looking forward, Ruport also reported on upcoming milestones the company is expecting, including the following:
- Continued acquisition of PrintRite3D by influential universities and R&D organizations worldwide.
- Implementation of OEM contracts with 3D metal-printing hardware manufacturers to integrate SGLB technology.
- Evolving relationships with additive manufacturing (AM) software companies to integrate SGLB products to streamline and optimize the AM digital thread from simulation through closed-loop control.
- Multi-unit sales of PrintRite3D Production Series by end users.
- Increasing quarter-over-quarter revenue driven by multiple, independent streams, primarily from OEMS, end users, resellers and others.
“On one hand, the world is deep in crisis, and we as a company need to take measures to ensure we are prepared to operate through this global shutdown,” Ruport told shareholders. “On the other hand, I had to balance these COVID-19 issues with my belief that when we get through this, our opportunity will be bigger than I had ever imagined… We are seeing the convergence of the next generation of manufacturing, the need for manufacturers to rethink their supply chain strategies, and the commercialization of our technology coming together and creating the perfect opportunity for Sigma.”
Sigma is a software company that specializes in the development and commercialization of real-time, computer-aided-inspection (CAI) solutions known as PrintRite3D for 3D-advanced manufacturing technologies. SGLB’s advanced, computer-aided software product revolutionizes commercial additive manufacturing, enabling nondestructive quality assurance mid-production, uniquely allowing errors to be corrected in real time.
For more information about Sigma Labs, please visit www.SigmaLabsInc.com
NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://nnw.fm/SGLB
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.
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$GGBXF 420 with CNW – Supreme Court Grants Mexico Legislature a Marijuana Legalization Deadline Extension
Aside from grinding most economies to a halt, the Coronavirus pandemic has severely impacted drug legalization campaigns all over the world. The scene in Mexico wasn’t much different. Legislators had been working on marijuana legalization when efforts to curb the spread of the virus made it impossible for them to complete the bill by the original April 2020 deadline.
However, the Mexican Supreme Court has granted a request to extend the deadline for marijuana legalization. This isn’t the first roadblock the legalization bill has run into. It all started when a precedent-setting ruling by the Supreme Court in 2018 deemed the country’s ban on marijuana unconstitutional.
Mexico’s Congress was granted 90 days to repeal its marijuana laws, but it became apparent that the lawmakers wouldn’t be able to make the October 2019 deadline. With lawmakers unable to find a consensus on aspects of the bill, Senate leaders requested an extension. The court approved the request, stating that the circumstances were exceptional and unique and that it took into account the ‘complexity of the matter.’
Unfortunately, the Coronavirus came along and disrupted life as we know it. With most legislative activities put on hold, the chances of the Bill being completed in time became slim. With the new deadline extension, lawmakers will have until December 15, the end of the next legislative session to tackle the marijuana legalization bill.
Despite not being completed, the bill has gone through a lot of work. In early March, Mexican senators circulated a draft bill that contained a series of proposed regulations for a legal marijuana model. Adults 18 years and older would be allowed to possess and cultivate marijuana for personal use.
An individual would be permitted to grow up to 20 registered plants as long as the total yield isn’t more than 480 grams per year. Medical marijuana patients, however, would be allowed to grow more than 20 plants. The bill would also cap personal possession at 28 grams and decriminalize possession of up to 200 grams.
It would establish the Mexican Institute of Regulation and Control of Cannabis, a decentralized body that would be responsible for regulating the market and issuing licenses to marijuana businesses. Cannabis sales would be taxed at 12% and some of the tax revenue would go toward a substance misuse treatment fund.
Additionally, public consumption would be permitted as long as the space isn’t designated as 100% smoke-free.
Experts think the news of the deadline extension didn’t come as a surprise to the cannabis industry, including companies like Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF), which saw the disruptions of the current pandemic as far-reaching.
About CNW420
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
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$UUUU Energy Fuels Referenced in Publication Discussing the Future of America’s Rare Earth Element, Uranium Supply
Energy Fuels. Inc. (NYSE: UUUU) (TSX: EFR) today announces its placement in an editorial published by NetworkNewsWire (“NNW”), one of 40+ brands in the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.
To view the full publication, “America’s National Security Blind Spot: Uranium and Rare Earth Element Production,” visit: http://nnw.fm/E6tfK
Though the United States is by far the largest consumer of uranium in the world, the country imports nearly 100% its uranium, much from state-owned foreign sources, strangling domestic suppliers and creating a hazardous situation for the U.S. supply chain and electrical grid. Many Americans may well know of the country’s near-100% dependence on China for critical rare earth elements. However, most may not realize that America is also nearly 100% dependent on uranium imports—increasingly imported from entities owned by the governments of Russia, China and their allies. Like rare earth elements, uranium is designated by the U.S. government as critical to the nation’s security and economic prosperity, and the Department of Interior warned, “This dependency of the United States on foreign sources [of uranium] creates a strategic vulnerability for both its economy and military to adverse foreign government action, natural disaster, and other events that can disrupt supply of these key minerals.”
Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR), the United States’ leading domestic producer of uranium, has led the charge in efforts to warn the U.S. government about the security threats to uranium supply chain disruption, and also recently announced that it is working to help bring rare earth processing back to the U.S. by leveraging its White Mesa Mill. If the U.S. fails to act, 20% of the nation’s electricity — and 55% of its clean, carbon-free electricity — may become hostage to malign foreign sources of uranium, and recent events show that any supply chain disruption, malicious or well-intentioned, can have a devastating impact.
About Energy Fuels Inc.
Energy Fuels is a leading US-based uranium mining company, supplying U3O8 to major nuclear utilities. The company also produces vanadium from certain of its projects, as market conditions warrant. Its corporate offices are near Denver, Colorado, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers, the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (“ISR”) Project in Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is the only conventional uranium mill operating in the U.S. today, has a licensed capacity of over 8 million pounds of U3O8 per year, and has the ability to produce vanadium when market conditions warrant. The Nichols Ranch ISR Project is in operation and has a licensed capacity of 2 million pounds of U3O8 per year. The Alta Mesa ISR Project is currently on standby. In addition to the above production facilities, Energy Fuels also has one of the largest NI 43-101 compliant uranium resource portfolios in the U.S., and several uranium and uranium/vanadium mining projects on standby and in various stages of permitting and development. The primary trading market for Energy Fuels’ common shares is the NYSE American under the trading symbol “UUUU”, and the Company’s common shares are also listed on the Toronto Stock Exchange under the trading symbol “EFR.” Energy Fuels’ website is www.energyfuels.com.
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 40+ brands within our InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions 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 solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. 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 comprising 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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Forward-Looking Statements
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$ICLK Forms Advanced Strategic Collaboration with Tencent IBG
iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced that it has formed an advanced strategic collaboration with Tencent International Business Group (“Tencent IBG”), a leading provider of Internet value added services in China. Per the update, the collaboration will unify iClick’s strong multinational clients’ coverage worldwide and Tencent IBG’s advertising technology to deliver customized and premium digital marketing solutions to international advertisers. “iClick is thrilled to announce this new collaboration, another milestone in our long-term relationship with Tencent IBG, which covers all of Tencent IBG’s clients outside China,” iClick’s Chief Executive Officer and Co-Founder Jian “T.J.” Tang said in the news release. “iClick focuses on serving worldwide top-tier clients who are always looking for ways to increase operational and marketing efficiency. Together with Tencent IBG’s strong network, we will be able to offer global brands a new level of market access to the wealth of opportunities in China.”
To view the full press release, visit http://nnw.fm/X5iV9
About iClick Interactive Asia Group
iClick Interactive Asia Group Limited is an independent, online marketing and enterprise-data-solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, the company’s proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and currently operates in 10 locations worldwide, including Asia and Europe. For more information, visit the company’s website at www.i-Click.com.
NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://nnw.fm/ICLK
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$YGYI Subsidiaries Enter Joint Venture for Large Scale Processing Facility, 2,200 Acres to Grow Hemp in Nicaragua
Youngevity International (NASDAQ: YGYI), a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, commercial hemp enterprise and multi-channel lifestyle company, today announced that its wholly-owned subsidiaries, CLR Roasters LLC and Khrysos Industries, Inc. (the “US Partners”) have entered into an agreement with H&H Coffee Group Export Corp and The Nica Hemp Cooperative, Inc (the “Nicaragua Partners”) to acquire the 2,200 acre Chaguitillo Farms in Sebaco-Matagalpa, Nicaragua. The joint venture will utilize the property to erect a large-scale processing facility and to grow hemp on the land. Planned improvements to the property are anticipated to total approximately $30,000,000 dollars, with H&H contributing the 2,200-acre farm with an estimated value of about $10 million. All the capital toward the construction of the project, estimated at $20 million dollars, will be provided by The Nica Hemp Cooperative. Along with its expertise in the hemp business, the US Partners will initially contribute $3,000,000 of extraction equipment to the project. Additionally, the US Partners aim to issue 1.5 million shares of YGYI common stock to the Nica Hemp Cooperative in exchange for a 50% stake in the land and the improvements (having a $30,000,000 estimated value at completion). The US Partners will also issue 5 million warrants with a strike price $1.50 per share to the Nica Hemp Cooperative in exchange for a 75% controlling stake in the hemp grow and oil extraction business, subject to Nasdaq approval. The warrants will be issued when the project is completed and initiates its operations. “This is a very impressive partnership and collaboration between our Hemp Enterprise, our Coffee Enterprise and our very strong and growing strategic business relationship in Nicaragua. We feel that the value of YGYI’s 50% interest in the land and infrastructure at completion of the project along with the assumption that the warrants will be exercised represents a significant premium to our current trading price,” Youngevity president and CFO Dave Briskie stated in the news release.
To view the full press release, visit http://cnw.fm/KJiE9
About Youngevity International, Inc.
Youngevity International, Inc. is a multi-channel lifestyle company operating in three distinct business segments including a commercial coffee enterprise, a commercial hemp enterprise, and a multi-vertical omni direct selling enterprise. The company features a multi country selling network and has assembled a virtual Main Street of products and services under one corporate entity. YGYI offers products from the six top selling retail categories: health/nutrition, home/family, food/beverage (including coffee), spa/beauty, apparel/jewelry, as well as innovative services. For more information, please visit www.YGYI.com.
NOTE TO INVESTORS: The latest news and updates relating to YGYI are available in the company’s newsroom at http://cnw.fm/YGYI
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$SRAX Rising to New Challenges of 2020, Meeting Consumers, Brands Where They Are
- California Consumer Privacy Act presents opportunity – not inhibition – to data management companies
- SRAX prioritizes consumer experience as well as the consumer’s ownership of data
- Launch of new program allows public companies to conserve cash, purchase ads with stock payments
Digital marketing and consumer data management technology innovator SRAX Inc. (NASDAQ: SRAX) is adapting to and overcoming the new challenges of 2020. From new laws regarding data collection and elimination of social gatherings due to stay-at-home orders, SRAX is helping consumers and the brands they trust stay connected.
The California Consumer Privacy Act (CCPA) has presented both challenges and opportunities to businesses regarding data privacy regulations. Following the precedent set by the 2018 General Data Protection Regulation (GDPR), California set out requirements of its own that are anticipated to influence similar legislation across the rest of the United States.
In a recent article, Tech News World identified these legal implements not as inhibitors to business but rather as opportunities for the industry to enhance customer experience (http://nnw.fm/EOlt7). Consumers who opt into the sharing of data are more likely to fully engage with brands. What some see as inflexible standards of the CCPA can actually be mechanisms to help companies build trust and transparency with an interested audience.
While many in the data management realm are playing catch-up to these new legal requirements, SRAX has prioritized customer control from its inception. The Company provides all stakeholders – marketers, content owners and consumers – tools to unlock the value of data. All of the data collected by SRAX is opted into by the consumer, making it more valuable with long-term recurring revenue to the companies who access the collected information. Not only are consumers receiving a better overall experience from the companies they choose to interact with, but the companies are accessing high-quality data with higher conversion rates – a win-win situation orchestrated by SRAX’s strategic design.
2020 has brought more changes then data privacy. In fact, more people are online right now than ever before. Social distancing has forced the world out of the office and into cyberspace, and companies are having to pivot quickly to meet the new needs of their consumers. Understanding this new challenge and the opportunity accompanying it, SRAX launched a Stock for Ads program (http://nnw.fm/IcH6l). This new program allows public companies to conserve cash by purchasing media across all marketing channels with stock payments.
“We understand what it means to be a publicly traded company and we want to help businesses continue, not halt their marketing efforts,” SRAX founder and CEO Christopher Miglino stated in a news release. “With our custom media plans, businesses can attract and engage customers with digital ads, covering expenses up to a year in exchange for stock of their company.”
Now more than ever, people are seeking community. The new virtual happy hour (http://nnw.fm/4Dn2c) is evidence to how, when faced with any odds, humans still seek connection. Consumers are turning to the tools they have on hand, and those tools are digital. SRAX has worked hard to create a platform that empowers the consumer to take charge of their digital content. When companies sign up, they are communicating to potential consumers that they value and respect their privacy. They are seeking a relationship built on trust and loyalty and aren’t looking for shallow connections. SRAX provides a platform that enables both consumers and brands to reach their full potential.
For more information, visit the company’s website at www.SRAX.com
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
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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.
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$POAI Releases FY Financials, Notes Key Partnerships, CancerQuest 2020 Milestones Achieved
- Q4 highlights include $15 million equity line, CancerQuest 2020 initiative
- POAI revenues for FY 2019 total $1.4 million, primarily driven through sale of proprietary STREAMWAY units
- Predictive Oncology will continue to be pioneer in fields of biomarker discovery, precision therapies
Predictive Oncology Inc. (NASDAQ: POAI), a knowledge-driven company focused on applying its cutting-edge technology to cancer research, released its financial report for fiscal year 2019, ending December 31, 2019. The report also identified fourth-quarter highlights for the company (http://nnw.fm/5uhu6).
Noting that 2019 “was not without its challenges for the entire healthcare technology industry,” POAI CFO Bob Myers observed that Predictive Oncology “continued to execute on our business model, making a synergistic acquisition and shoring up our balance sheet via a new $15 million equity line from Oasis Capital. Our STREAMWAY(TM) line has maintained strong disposable product sales and we continue to sell the STREAMWAY System.”
In its announcement, POIA outlined several key milestones reached by the company during the fourth quarter, including securing a $15 million equity line with Oasis Capital and launching its CancerQuest 2020 initiative with ovarian cancer as the initial target. Other highlights include subsidiary Helomics sequencing tumor cases in partnership with UPMC Magee Women’s Hospital and subsidiary Skyline Medical completing its largest STREAMWAY System order to a single hospital in company history.
Regarding the company’s financial numbers, the report noted revenues for FY 2019 were $1.4 million, steady year over year when compared to FY 2018, which was also $1.4 million. Revenues were primarily driven through the sale of Predictive Oncology’s proprietary STREAMWAY units, with 43 units sold in 2019. The company reported that gross margins remained strong, declining slightly to 62% in 2019 from 71% in 2018; much of that decline was tied to the increase in costs following the consolidation of the Helomics acquisition in April 2019.
The growing company’s report detailed losses consistent with a company investing in its long-term future. Net losses for 2019 totaled $19.7 million versus $10.1 million in 2018. General and administrative expenses rose an estimated 111% to nearly $9.8 million in 2019 as a result of extraneous expenses and initial costs related to the Helomics merger. Operational expenses also rose to $3 million, compared to $1.8 million in 2018. Net loss in 2019 reflected impairment charges of $8.1 million on goodwill related to the Helomics merger and $800,000 on intangibles.
In addition, Predictive Oncology saw a gain of $6.1 million as a result of the revaluation of the equity method investment recorded following the initial 25% purchase of Helomics and after the merger and consolidation of Helomics. Predictive Oncology also incurred additional expenses of $4 million in 2019, primarily due to an increase in interest expense, payment penalties, amortization of original issue discounts and a loss on debt extinguishment related to notes payable.
“We continue to be very excited about the revenue and monetization prospects for our precision medicine business, which will allow us to be at the forefront of developing the artificial Intelligence (AI)-driven predictive models of cancer, as well as our revolutionary STREAMWAY clinical waste disposal products,” said POAI director and CEO Dr. Carl Schwartz. “We will continue to execute upon our comprehensive strategy to deliver long-term profitable growth and innovation while concentrating our efforts and resources on our recently acquired Helomics business.
“Building on the successes in 2019, we have recently announced the launch of our CancerQuest 2020 initiative, and we expect Helomics’ first AI-driven predictive model of ovarian cancer to be ready for initial commercialization in revenue generating projects with Pharma in Q2-2020,” he continued. “Furthermore, we have signed a letter of intent to acquire Quantitative Medicine, a biomedical analytics and computational biology company with a unique machine learning (ML) framework that will be integrated in with our Helomics business. Against this backdrop, we believe that Predictive Oncology will be a leader in the application of AI and ML to both the use of and search for new precision therapies.”
POAI is bringing precision medicine, or tailored medical treatment using the individual characteristics of each patient, to the treatment of cancer. Through the company’s Helomics division, the company leverages its unique, clinically validated patient derived (PDx) smart tumor profiling platform to provide oncologists with a road map to help individualize therapy. In addition, the company is leveraging artificial intelligence and its proprietary database of over 150,000 cancer cases tumors to build AI-driven models of tumor drug repose to improve outcomes for the patients of today and tomorrow.
For more information, visit the company’s website at www.Predictive-Oncology.com
NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://nnw.fm/POAI
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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.
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$GNPX Appoints Accomplished Executive Shannon Inman to Drive Launch of Key Clinical Trials
Genprex (NASDAQ: GNPX), a clinical-stage gene therapy company developing potentially life-changing technologies for patients with cancer and diabetes, today announced the appointment of Shannon Inman as Vice President of Global Clinical Operations. According to the update, Inman will lead in defining clinical developmental strategies, clinical protocol design, study conduct, and managing risk assessment in this new position. These clinical trials include those with Genprex’s lead drug candidate, Oncoprex(TM), for non-small cell lung cancer (“NSCLC”), which recently received Fast Track Designation for its combination with osimertinib, AstraZeneca’s first-line targeted EGFR TKI drug Tagrisso(R). “Genprex continues to strengthen its leadership team with the appointment of an accomplished executive to drive the launch of key clinical trials,” Genprex Chairman and CEO Rodney Varner said in the news release. “Ms. Inman brings a wealth of experience in the pharmaceutical industry, having successfully directed a number of development programs in both large and small biotechnology companies and top tier academic institutions. She will be instrumental in continuing to build the long-term value of our gene therapies. With the addition of our second investigational gene therapy asset addressing the unmet medical need of people suffering from diabetes, I’m excited about building the necessary infrastructure to facilitate our growth.”
To view the full press release, visit http://nnw.fm/Q0xrJ
About Genprex, Inc.
Genprex, Inc. is a clinical-stage gene therapy company developing potentially life-changing technologies for patients with cancer and diabetes. Genprex’s technologies are designed to administer disease-fighting genes to provide new treatment options for large patient populations with cancer and diabetes who currently have limited treatment options. Genprex works with world-class institutions and collaborators to in-license and develop drug candidates to further its pipeline of gene therapies in order to provide novel treatment approaches. The Company’s lead product candidate, Oncoprex(TM), is being evaluated as a treatment for non-small cell lung cancer (“NSCLC”). Oncoprex has a multimodal mechanism of action that has been shown to interrupt cell signaling pathways that cause replication and proliferation of cancer cells; re-establish pathways for apoptosis, or programmed cell death, in cancer cells; and modulate the immune response against cancer cells. Oncoprex has also been shown to block mechanisms that create drug resistance. In January 2020, the U.S. Food and Drug Administration granted Fast Track Designation for Oncoprex immunogene therapy for NSCLC in combination therapy with osimertinib (AstraZeneca’s Tagrisso(R)). For more information, please visit the company’s website at www.Genprex.com.
NOTE TO INVESTORS: The latest news and updates relating to GNPX are available in the company’s newsroom at http://nnw.fm/GNPX
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company 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. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. 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.
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$UUUU America’s National Security Blind Spot: Uranium and Rare Earth Element Production
NetworkNewsWire Editorial Coverage: Reliance on foreign and malign sources for critical materials is a national security risk.
Though the United States is by far the largest consumer of uranium in the world, the country imports nearly 100% its uranium, much from state-owned foreign sources, strangling domestic suppliers and creating a hazardous situation for the U.S. supply chain and electrical grid. Many Americans may well know of the country’s near-100% dependence on China for critical rare earth elements. However, most may not realize that America is also nearly 100% dependent on uranium imports—increasingly imported from entities owned by the governments of Russia, China and their allies. Like rare earth elements, uranium is designated by the U.S. government as critical to the nation’s security and economic prosperity, and the Department of Interior warned, “This dependency of the United States on foreign sources [of uranium] creates a strategic vulnerability for both its economy and military to adverse foreign government action, natural disaster, and other events that can disrupt supply of these key minerals.” Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (UUUU Profile), the United States’ leading domestic producer of uranium, has led the charge in efforts to warn the U.S. government about the security threats to uranium supply chain disruption, and also recently announced that it is working to help bring rare earth processing back to the U.S. by leveraging its White Mesa Mill. If the U.S. fails to act, 20% of the nation’s electricity — and 55% of its clean, carbon-free electricity — may become hostage to malign foreign sources of uranium, and recent events show that any supply chain disruption, malicious or well-intentioned, can have a devastating impact. Major companies across all segments have recognized the importance of streamlining supply chains, including Tesla (NASDAQ: TSLA), a company that relies on rare earth elements (REEs) to power its vehicles. Reliable, low-cost sources for uranium production exist in the United States, as well as from free-market allies. Canada-based Cameco (NYSE: CCJ) (TSX: CCO) is one of the largest global providers of the uranium fuel needed to produce clean energy, and Australian BHP Group (NYSE: BHP) provides needed minerals across the globe. Headquartered in Phoenix, Arizona, leading international mining company Freeport-McMoRan (NYSE: FCX) conducts a significant mining operation in North America, specializing in copper, gold, and molybdenum. The United States and its allies have the resources and know-how to produce uranium and rare earths, and it’s time to end risky market dominance by Russian and Chinese state-owned and subsidized enterprises.
Policy Makers Urged to Consider Domestics
The current global health crisis has revealed the nation’s Achilles heel of dependency on foreign sources for critical materials. America’s reliance on crucial medicines and supplies from adversarial nations such as China has sounded the alarm for U.S. policy makers to think and plan smarter. The current crisis has also shown that the U.S. has a dangerous reliance on certain foreign sources of critical minerals and energy. Most people know about the country’s extreme reliance on China for REEs, which are found in products as varied as cell phones, electric vehicles, wind turbines and military systems that defend America. Not as many people know that the country is now nearly 100% reliant on imports of uranium for its nuclear power plants. If nothing changes, over 50% of this uranium and nuclear fuel may come from state-owned entities in Russia, Kazakhstan, Uzbekistan, and China in just a few years.
U.S. nuclear power plants currently generate 55% of the nation’s carbon‐free electricity and produce nearly 20% of the nation’s overall electricity needs. In fact, nuclear power is the only currently available and affordable low-carbon power source that meets significant baseload electricity demands, simultaneously reducing air pollution and providing a viable solution to climate change. As global electricity demand continues to soar, nuclear power has been shown in multiple scientific studies to be the cleanest and most economical way to produce reliable electricity. According to the World Nuclear Association (WNA), there are 441 operable reactors globally, with another 54 units under construction and 439 in various stages of planning; in addition, the WNA has identified a potentially massive gap in uranium supply and demand through 2040 of 1 billion pounds. Further increases in global electricity demand could easily spur significant new nuclear power development, including the commercialization of small modular reactors in the next few years. These potential demand drivers indicate that the United States’ uranium appetite is only increasing, yet the country is becoming increasingly dependent on adversarial sources for this critical mineral.
Hope on the Horizon for Domestics
Few other companies have been more proactive or outspoken about supply chain risks than Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR). Based in Lakewood, Colorado, Energy Fuels is the country’s largest producer of uranium and the leading conventional producer of vanadium—both designated as critical minerals by the U.S. government. Energy Fuels’ uranium production portfolio looms large in the U.S., boasting more uranium production facilities, more production capacity and more in-ground resources than any other domestic uranium producer. In fact, the company’s assets have produced over one-third of all U.S. uranium over the past 15 years, making Energy Fuels uniquely positioned to quickly increase production to meet increased demand.
Energy Fuels has seen success in its efforts to convince the U.S. government of the strategic importance of the domestic uranium mining industry. President Trump’s recently announced FY-2021 executive budget request allocates $150 million per year for the next 10 years to create a strategic U.S. uranium reserve. This funding is expected to provide considerable support to established U.S. uranium producers such as Energy Fuels, and significantly enhances the security and independence of the nation’s electric supply. This $1.5 billion strategic initiative comes on the heels of a July 2019 Presidential Memorandum that ordered the creation of the U.S. Nuclear Fuel Working Group to “examine the current state of domestic nuclear fuel production to reinvigorate the entire nuclear fuel supply chain, consistent with United States national security and nonproliferation goals.” The working group has not released its findings, but it is believed that government actions are now underway to protect vital U.S. uranium infrastructure, spur domestic production and preserve the country’s energy independence.
Expertise and Assets Built for Scale
As the country’s leading diversified uranium miner, Energy Fuels is uniquely positioned to capitalize on these initiatives. Energy Fuels utilizes both conventional and in-situ recovery (ISR) technology to produce uranium from three strategic facilities:
- The highly strategic White Mesa Mill in Utah is the only conventional uranium mill in the U.S. and is centered around the largest and highest-grade conventional uranium mines and projects in the country. The White Mesa Mill has a licensed capacity to produce over 8 million pounds of U3O8 per year and provides immediate scalability as uranium demand increases. The White Mesa Mill also has other diverse business opportunities, including being the only facility in North America capable of recycling uranium-bearing alternate feed materials and vanadium production (Energy Fuels was the leading U.S. producer of vanadium in 2019) which is essential in production of high-grade steel and holds promise in high-capacity batteries. Evaluations are also currently underway to utilize the mill in processing of critical rare earth elements (REEs).
- Nichols Ranch Plant (ISR) is in the productive Powder River Basin district of Wyoming and has a total licensed capacity of 2 million pounds of U3O8 per year. Nichols Ranch has produced 1.2 million pounds of U3O8 since commissioning in 2014, and it has significant future expansion potential from 34 fully licensed wellfields containing significant in-ground uranium resources.
- Located on over 200,000 acres of private land in Texas, the fully licensed and constructed Alta Mesa Plant (ISR) has a total operating capacity of 1.5 million pounds of uranium per year and produced nearly 5 million pounds of U3O8 between 2005 and 2013. This low-cost production facility is currently on standby, maintained in a state of readiness to respond to expected increases in demand.
Energy Fuels’ portfolio of production facilities and resources poises the company to significantly benefit from strategic government initiatives, increasing global demand and increasing global prices. The company possesses both expertise and assets that can be immediately scaled to capitalize on the impending opportunity. As of Dec. 31, 2019, the company had a war chest of $17.7 million in cash and marketable securities, as well as an additional $22.8 million of immediately marketable inventory, including 515,000 pounds of uranium and 1.6 million pounds of vanadium. Increasing commodity prices in 2020 so far have significantly increased the value of this inventory. In 2020, Energy Fuels added an additional $19.1 million of cash to its treasury.
Not only does Energy Fuels stand to benefit from the government’s shift toward domestic uranium production, but the company also recently announced its intent to evaluate the production of REEs at its White Mesa Mill. Subject to the program’s success, the mill will be utilized to receive and process multiple varieties of REE ores—a task which, historically, could only be completed with the help of Chinese state-owned companies. The U.S. government has designated REEs as vital in the nation’s national defense strategy and—similar to its focus on domestic uranium production—intends to designate funds to empower private American companies to develop REE production. Energy Fuels’ latest initiative places it in an advantageous position to assist the country in lessening its dependence on Chinese companies for the processing of REEs. The company believes REE production, alongside its leadership in uranium production, will fortify its already strong industry position.
Emerging Opportunities for Uranium Producers
Nearly all the uranium that fuels the United States’ nuclear power plants is imported, placing 20% of the nation’s power output in jeopardy. Historically, these imports mainly came from free-market allies such as Canada and Australia. However, in the coming years, uranium imports are expected to mainly come from Russian and Chinese sources whose state-owned companies flood the global market, drive free-market companies out of business and threaten national security—but there is hope on the horizon. With new government initiatives in motion, America’s strategic uranium supply chain will be secure and free from foreign influence. These initiatives have the potential to spur a resurgence in uranium markets and an abundance of new opportunity for companies such as Energy Fuels. However, the global uranium equity market is concentrated and relatively small. There are a few uranium explorers and developers, but they require many years of licensing and hundreds of millions of dollars to get permits, build infrastructure, and achieve production status. While there are only limited opportunities to directly participate in proven producers, Energy Fuels is one of those proven uranium producers, with assets and capabilities that are truly unmatched in the country today.
Looking Ahead to Secure Supply
Major companies across all segments have recognized the importance of streamlining supply chains, and some stand to benefit from the country’s prioritization of domestic production, including:
Tesla (NASDAQ: TSLA), which recently participated in a blockchain pilot to see whether the technology could accelerate its cargo pick-up procedures, has been passionate about intensifying its competitive edge by vertically articulating its supply chain. CEO Elon Musk’s strategy has been used as a blueprint by others in the business community for achieving an efficient, streamlined supply chain. Similar attention to America’s supply of rare earth elements—including efforts to shore up its supply—must be addressed to ensure the continuity of the United States’ clean power supply.
Canada-based Cameco (NYSE: CCJ) (TSX: CCO) is one of the largest global providers of the uranium fuel needed to energize a clean-air world. The company’s competitive position is based on a controlling ownership of the world’s largest high-grade reserves and low-cost operations. Utilities around the world rely on nuclear fuel products to generate power in safe, reliable, carbon-free nuclear reactors.
With global headquarters in Melbourne, Australia, BHP Group (NYSE: BHP) is a world-leading resources company. The company extracts and processes minerals, oil and gas, and has more than 72,000 employees and contractors, primarily in Australia and the Americas. Company products are sold worldwide, with sales and marketing led through Singapore and Houston, Texas.
Freeport-McMoRan (NYSE: FCX) is one of the world’s largest publicly traded copper producers. Operating seven open-pit copper mines in North America, the company reports significant undeveloped North American reserves and resources. With a portfolio of potential long-term development initiatives, FCX shows potential to benefit from the United States’ refocused efforts on domestic producers.
As the United States government recognizes the importance of avoiding overreliance on foreign and malign sources for critical materials, major domestic companies stand to benefit.
For more information on Energy Fuels, visit Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR)
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