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"Signing Day Sports, Inc. (NYSE American: SGN) Soars in Pre-Market on Acquisition News – see more penny stocks inside…."
Article Link: https://www.benzinga.com/pressreleases/24/09/ab40946727/signing-day-sports-inc-nyse-american-sgn-soars-in-pre-market-on-acquisition-news-see-more-penny-s
This article spotlights some of the most promising companies that are gaining traction and driving penny stock market interest, showcasing how their strategic moves are setting them up for future success.
Signing Day Sports, Inc. BIEI: is soaring after announcing a strategic acquisition of Swifty Global, a sports and casino technology company. The acquisition will allow Signing Day Sports to leverage Swifty's scalable tech and gaming licenses to enhance its product offerings and expand into new markets. This move marks a key step in its growth strategy, boosting its position in the global sports tech space.
Premier Graphene Inc. HALB: in partnership with HGI Industrial Technologies and Defense Atomics, is advancing the use of graphene in ballistic protection solutions. This collaboration has the potential to revolutionize personal and tactical equipment for military and government entities, with the partnership expected to generate over $50 million in revenue.
Freight Technologies, Inc. RJDG: recently secured a contract with Bayer AG’s BAYRY CropScience LP to provide cross-border truckload services. This win further solidifies Fr8App's position as a leader in logistics management, offering advanced tech solutions to optimize supply chains and enhance cross-border transportation efficiency for major global players.
Halberd Corporation SPZI: is making strides in brain injury and PTSD treatment through its partnership with Defense Atomics and Athena Telemedicine Partners. With funding secured for advanced research and pilot studies involving veterans, Halberd is poised to deliver cutting-edge solutions using CRISPR technology and its LDX PTSD and brain injury protocol.
RJD Green Inc.'s CBDW: diversified portfolio in healthcare, construction, and environmental services is driving impressive revenue growth. With strategic acquisitions and expanding market reach, RJDG is rapidly gaining traction in multiple high-demand sectors.
JP 3E Holdings, Inc. SPZI: has successfully completed its first shipment of 500 metric tons of Aluminum Ingot through its Trade Finance platform in collaboration with Bloxcross. This milestone highlights the company's growing presence in the global commodities market, positioning it for further expansion and success in the fast-moving aluminum sector.
1606 Corp. CBDW is acquiring a strategic stake in Adnexus Biotechnologies, a leader in AI-driven drug discovery. This partnership integrates Adnexus's advanced AI platform, SUTRA, into 1606's portfolio, enabling the development of breakthrough treatments for infectious and neurological diseases. The collaboration strengthens 1606 Corp.'s commitment to revolutionizing healthcare through AI innovation
$XONI Xtreme Fighting Championships Announces Innovative NIL Partnership with World-Class College Wrestlers and Combat-Sport Veterans
https://www.globenewswire.com/en/news-release/2024/09/19/2949254/0/en/Xtreme-Fighting-Championships-Announces-Innovative-NIL-Partnership-with-World-Class-College-Wrestlers-and-Combat-Sport-Veterans.html
DETROIT, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Xtreme Fighting Championships (XFC) presented by Xtreme One Entertainment, Inc. (OTCPink: XONI), in advance of its XFC 51: Evolution event Friday, Sept. 27, today pioneered the launch of a new NIL division to scout and promote prospective top-tier mixed martial arts athletes in collegiate wrestling programs, as well as with icons of the sport including former UFC Champion “Triple C” Henry Cejudo and UFC, PFL and BKFC all-star Jeremy “Lil Heathen” Stephens.
Tickets for XFC 51: Evolution at Milwaukee’s Baird Center on Friday, September 27, are on sale now through Ticketmaster.com. Doors will open at 6 p.m. CT; first bout will start at 7 p.m. CT.
The first of its kind, the collective NIL agreement reaches a total audience of 3.3 million users across all major social media platforms. The diverse group of outstanding college, professional and Olympic athletes will support the XFC with elevating its brand to more diverse audiences and help bridge the gap between MMA and wrestling fanbases.
The college wrestlers who have agreed to the ambassadorship are as follows:
Daniel Greg Kerkvliet, Penn State University
Beau Bartlett, Penn State University
Zack Ryder, Penn State University
Cayden Henschel, University of Wisconsin-Parkside
Daton Fix, Oklahoma State University
Other parties who have agreed to the ambassadorship include:
The Florida Wrestling Room
Former UFC Champion and Olympic gold medalist Henry Cejudo
UFC and Bare-Knuckle Fighting Championships fighter Jeremy Stephens
“XFC has devised an NIL division to engage a masterclass of mixed martial artists with an emerging league of apprentices that are currently honing their professional MMA skill sets within collegiate wrestling programs across the country,” said Chris Defendis, Xtreme One Entertainment’s president. “We look forward to hosting some of our newly signed NIL athletes at XFC 51 in Milwaukee as we start this first phase of prospect development.”
“I’m pleased to align the integrity of my NIL with the XFC to champion the success of athletes in collegiate wrestling, whether as Olympic hopefuls or as the future contenders in professional MMA,” said Cejudo.
A team of the new XFC ambassadors will make their partnership debut at XFC 51: Evolution in Milwaukee, Wisconsin, on Friday, September 27. With MMA veterans, up-and-coming talent and local fighting phenoms populating the night’s fight card, there is no better moment to begin the exciting new endorsement.
Appearing at XFC 51 as XFC NIL athletes will be:
US Olympic Gold Medalist UFC Champion Henry Cejudo [@henry_cejudo]
UFC, PFL and BKFC fighter Jeremy Stephens [@lilheathenmma]
University of Wisconsin-Parkside Wrestler Cayden Henschel [@caydenhenschel]
XFC 51: Evolution’s main event features a clash of two top heavyweights with Alex “The Spartan” Nicholson, former UFC and PFL star with a 19-11 record, squaring off against former UFC combatant Zac “The Ripper” Pauga (7-3 record), both coming off dominant victories at XFC Grand Prix II on May 31st.
In a featured event, Milwaukee native and former Bellator fighter, Emmanuel “El Matador” Sanchez (22-9 record), will take on the electric Kenneth “The Boss” Cross (14-4 record) fighting out of Michigan.
Local stars from the famed Roufusport MMA Academy also will be highlighted on the card.
For more information about XFC, please visit XFCfight.com and follow on Instagram @xfcfight.
XFC 51: Evolution will be available as a pay-per-view event on TrillerTV for $24.99. TrillerTV is available across the globe to any device, anywhere using TrillerTV’s mobile, OTT, SmartTV app, or available on the TrillerTV.com website. As recently announced, the event will also stream live to U.S. forces stationed or assigned overseas via the American Forces Network.
$LVVV - "Despite the challenges of fires and earthquakes, California's sunny climate creates the perfect environment for growing beautiful sun-grown cannabis. As shown here in what we call “Sol Vida”garden. 🌞Embracing the highs and lows, CA continues to shine as a cannabis powerhouse."
Despite the challenges of fires and earthquakes, California's sunny climate creates the perfect environment for growing beautiful sun-grown cannabis. As shown here in what we call “Sol Vida”garden. 🌞Embracing the highs and lows, CA continues to shine as a cannabis powerhouse. pic.twitter.com/xJu81cdusR
— LiveWire Ergogenics (@livewireLVVV) September 17, 2024
$ARBTF Argo Oil Update
https://www.newsfilecorp.com/release/223596/Argo-Oil-Update
Toronto, Ontario--(Newsfile Corp. - September 17, 2024) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") participated at its pro rata interest of 18.75% in a second horizontal oil well at Lloyd in the General Petroleum (GP) Formation. Lloyd 2 was drilled in late August, equipped in early September, and is now on production. Lloyd 2 is participation in a fourth oil well for Argo; in addition to Lindbergh 1, Lloyd 1 and Lindbergh 2. Development drilling of a third oil well at Lindbergh is planned for Q4 2024.
$ARBTF Argo Oil Update
https://www.newsfilecorp.com/release/223596/Argo-Oil-Update
Toronto, Ontario--(Newsfile Corp. - September 17, 2024) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") participated at its pro rata interest of 18.75% in a second horizontal oil well at Lloyd in the General Petroleum (GP) Formation. Lloyd 2 was drilled in late August, equipped in early September, and is now on production. Lloyd 2 is participation in a fourth oil well for Argo; in addition to Lindbergh 1, Lloyd 1 and Lindbergh 2. Development drilling of a third oil well at Lindbergh is planned for Q4 2024.
$ARBTF $ARQ.C - "Drilling underway!"
Drilling underway! 🛢️🚀🛢️$ARQ.C $ARBTF #oil #OPEC #OOTT #COM #CSE #FSE #OTCMarkets #crudeoil #crude #xom #BTC #GOLD pic.twitter.com/mBmQmmm4kI
— Argo Oil (@Argoresources) September 17, 2024
$DDDX 3D PRINTING FINALLY READY FOR PREDICTED EXPLOSIVE GROWTH
Article Link: https://richardacavalli.wixsite.com/greenplanetmicrocaps/3d-printing-to-explode
AI CHAT GPT CONFIRMS DORMANT 3D PRINTING STOCKS MAY NOW BE READY FOR EXPLOSIVE GROWTH
Several years ago, 3D Printing stocks started out with a bang but then fizzled . . . Now AI ChatGPT tells us that 3D printing stocks are about to explode
Lower-cost additive manufacturing, major advancements in materials, greater precision, and faster production are now making 3D printing a better choice for manufacturing and point to robust growth for the near and the long term
In-depth searching for potential investment opportunities in the 3D printing sector revealed several promising companies, but one in particular stands out as undervalued, under-followed, and positioned for exceptional growth
3DX Industries is one of only two or three companies that are selling under $1/share and are down from over 30 cents in 2021 to a current price of just under 2 cents with a total market cap of under $2 million
One of 3DX Industries Advanced 3D Printers
ChatGPT has proven to be a very powerful AI tool and is rapidly providing users with far more useful information than ever available with only Google searches.
We asked ChatGPT, “Is the future for 3D printing explosive?” and we got the following reply:
“Yes, the future for 3D printing is often described as "explosive" due to its rapidly growing impact across various industries and its potential to revolutionize traditional practices. Here's why:
Technological Advancements: The field of 3D printing is advancing quickly, with new materials, faster printing speeds, and more precise technologies continually emerging. This rapid evolution makes it a highly dynamic and transformative area.
2.Diverse Applications: From medical implants and prosthetics to aerospace parts and architectural models, the versatility of 3D printing is leading to groundbreaking applications. The technology's ability to create complex, customized objects is expanding its use across numerous fields.
Economic Impact: 3D printing is poised to disrupt traditional manufacturing by enabling more cost-effective, on-demand production. This shift could reduce the need for large inventories, lower production costs, and streamline supply chains.
Personalization and Customization: The technology allows for high levels of customization, which is increasingly demanded by consumers. This capability can lead to personalized products in sectors like healthcare, fashion, and consumer goods.
Sustainability: 3D printing has the potential to reduce waste by using only the material needed to build an object. This can lead to more sustainable manufacturing practices and lower environmental impact.
Innovation in Materials: Research is continuously expanding the range of materials that can be used in 3D printing, including metals, ceramics, and even biological materials. This opens up new possibilities for applications and industries.
The combination of these factors creates a scenario where the impact of 3D printing could be transformative on a global scale, leading many to view its future as not just promising but truly explosive in terms of potential and disruption.
Of course, investing in stocks always involves risks, and it’s essential to conduct thorough research and consider both the potential rewards and risks before making investment decisions.”
After seeing this compelling response from ChatGPT, we examined a number of promising 3D printing stocks and discovered 3DX Industries, Inc. (DDDX: OTC) that stood out from the pack far enough that we now work with them to help tell their story to investors interested in the 3D printing space.
We were looking for a company that offers the following criteria:
Proven and experienced management
Advanced printers in well-equipped factory with potential for large sales
Previously provided products for big name entities that would welcome future whale-sized orders when the company is ready to deliver
Early sales with potential for exponential growth
Small market cap and small number of outstanding shares
Under followed and undervalued.
After reviewing over a dozen 3D printing companies, 3DX Industries, Inc. stood out because it met all of our target criteria and with the promise for impressive growth in the relatively near future. We believe shares are underfollowed and undervalued.
Following is a list as of September 12, 2024, of several competing and excellent investment candidates in the 3D printing sector, however, 3DX Industries emerges as our top choice for percentage growth after reviewing the industry:
NNDM – Nano Dimension - $2.15 per share - $471 million market cap
SYSS – Stratasys - $6.77 per share - $481 million market cap
XMTR – Xometry - $17.32 per share - $853 million market cap
DDD – 3D Systems - $2.19 per share -$292 million market cap
PTC – PTC - $167.80 per share - $20.3 billion market cap
DASTY – Dassault Systemes - $39.56 per share - $51.7 billion
PRLB – Proto Labs - $29.18 per share - $733.8 million market cap
MTLS – Materialise - $5.05 per share - $298 million market cap
DM – Desktop Metal - $4.48 per share - $149 million market cap
MKFG – Market Forged - $.1961 per share - $39.8 million market cap
VLD – Velo3D - $1.28 per share - $11 million marker cap
ONVO – Organovo - $.55 per share - $8.4 million market cap
Why 3DX?
To assure accurate information, we point to the current Investor Presentation Deck for 3DX. Following are slides from that deck that describe the business, their technology, their clients, the market for 3D printing, and the growth potential for 3DX Industries. Each slide tells a very important story in a succinct manner.
$CBDW Adnexus Biotechnologies Partners with 1606 Corp. for Strategic Investment to Revolutionize AI-Driven Drug Discovery
https://www.accesswire.com/918717/adnexus-biotechnologies-partners-with-1606-corp-for-strategic-investment-to-revolutionize-ai-driven-drug-discovery
SEATTLE, WA / ACCESSWIRE / September 17, 2024 / 1606 Corp. (OTC PINK:CBDW) (the "Company" or "1606") is pleased to announce it has signed a Letter of Intent to acquire a strategic stake in Adnexus Biotechnologies Inc., a pioneering company in Artificial Intelligence-driven innovations for early drug discovery and infectious disease research.
This potential strategic investment exemplifies 1606 Corp.'s commitment to advancing its technological capabilities and expanding its reach in the AI sector. Integrating Adnexus's cutting-edge AI research and development into its portfolio underscores 1606 Corp.'s aim to impact the AI sector, healthcare, and biotechnology significantly. This collaboration has the potential to push the boundaries of what is achievable in these fields.
Adnexus Biotechnologies Inc. operates an advanced AI-driven drug discovery and development platform called SUTRA. This platform, at the forefront of technological innovation, identifies specific sites and biomarkers for infectious and neurological diseases. The AI platform has successfully produced Fully Human, Broadly Neutralizing, durable monoclonal antibodies unaffected by virus mutations. The AI platform utilizes a repository containing data on 19 viruses, a curated library of 8 million molecules, and human microbiome samples. The goal is to create robust models and make significant advancements in producing groundbreaking drugs that demonstrate effectiveness and disrupt the landscape of treatments for infectious and neurological diseases.
Adnexus Biotechnologies' CEO, Gaurav Chandra, emphasizing Adnexus' unwavering dedication to advancing the frontiers of pharmaceutical development, stated, "Adnexus Biotechnologies Inc. is committed to pushing the boundaries of pharmaceutical development through its state-of-the-art AI platform, monoclonal antibodies, and HIV capsid inhibitor. The pre-clinical results of the HIV capsid inhibitor in combating HIV, and the Fully Human Monoclonal Antibody (Clone3), have become priced assets of Adnexus Biotechnologies' therapeutic portfolio. We are confident we will advance these molecules with the dedicated efforts of our team of accomplished scientists and executives with advanced chemistry, pharmacology, and drug development expertise." This dedication instills confidence in our ability to deliver impactful solutions.
Dr. Gaurav Chandra, expressing his enthusiasm about the strategic partnership with 1606 Corp. and emphasizing its significance, stated, "We are thrilled to embark on this strategic partnership with 1606 Corp. Their commitment to leveraging AI technology aligns perfectly with our mission to drive breakthroughs in drug discovery and infectious disease treatment. This collaboration represents a significant opportunity to enhance our technological capabilities and expand the impact of our innovative solutions."
Austen Lambrecht, CEO of 1606 Corp., commented, "We are pleased to enter into this agreement with Adnexus. Their pioneering work in AI-driven drug discovery and infectious disease treatment closely aligns with our commitment to leveraging advanced AI technologies to develop high-impact solutions. This collaboration significantly advances our efforts to diversify and strengthen our technological capabilities."
In order to close, the transaction must follow standard due diligence and fulfill certain conditions detailed in the LOI. Both companies are optimistic that this strategic partnership will deliver substantial shareholder value, drive technological advancements, and foster innovation in their respective fields. We will keep our stakeholders informed about the progress and any significant developments throughout the process.
$BMTM Bright Mountain Media (OTCQB: BMTM) Announces Appointment of AdTech Veteran Tom Triscari as Director and Compensation Committee Chair
https://www.globenewswire.com/en/news-release/2024/09/17/2947463/0/en/Bright-Mountain-Media-OTCQB-BMTM-Announces-Appointment-of-AdTech-Veteran-Tom-Triscari-as-Director-and-Compensation-Committee-Chair.html
Boca Raton, FL, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) ("Bright Mountain" or the "Company"), a global marketing services platform with current investments in digital publishing, advertising technology, consumer insights, and creative and media services, announced via a FORM-31 on August 20, 2024, the appointment of Thomas Triscari to the Board of Directors and as Chair of the Compensation Committee.
With a distinguished career in the AdTech and digital media industries, Thomas Triscari brings a wealth of experience to Bright Mountain Media. Currently a Senior Advisor at Landmark Ventures, Triscari is instrumental in developing a premier M&A advisory practice within the AdTech and Media sectors. He is also the Founder of the Forensic AdTech Collaborative Thinktank (FACT), an initiative to pioneer new standards in the industry.
Triscari's extensive advisory and non-executive board roles include positions at WasteNot, Br1dge, Adfidence, and Compliant. He serves as a Non-Executive Board Member at Adslot and has made significant contributions as the Founder of the Quo Vadis Newsletter, a widely respected resource in AdTech.
Previously, Triscari has held influential roles at Yahoo! EMEA, where he participated in sales operations, planning, and strategy. His expertise was further demonstrated at Criteo, where he served as Director of Publisher Marketplace & Business Intelligence. As an entrepreneur, Triscari founded Labmatik, a consultancy specializing in programmatic advertising, and led Yieldr, a Demand-side Platform (DSP), as CEO.
Thomas Triscari, commented, "I am thrilled to join Bright Mountain Media as a Director," said Triscari. "The company's innovative approach to digital marketing and commitment to excellence aligns perfectly with my professional values and goals. I look forward to contributing to Bright Mountain Media's continued success and growth in the dynamic marketing landscape."
Matt Drinkwater, Chief Executive Officer of Bright Mountain Media, commented, "We are delighted to welcome Tom to our Board of Directors. Tom's extensive experience and deep understanding of the AdTech and media industries will be invaluable as we navigate the evolving marketplace. His strategic insights and industry expertise will significantly enhance our governance and drive our mission forward."
$BMTM Bright Mountain Media (OTCQB: BMTM) Announces Appointment of AdTech Veteran Tom Triscari as Director and Compensation Committee Chair
https://www.globenewswire.com/en/news-release/2024/09/17/2947463/0/en/Bright-Mountain-Media-OTCQB-BMTM-Announces-Appointment-of-AdTech-Veteran-Tom-Triscari-as-Director-and-Compensation-Committee-Chair.html
Boca Raton, FL, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) ("Bright Mountain" or the "Company"), a global marketing services platform with current investments in digital publishing, advertising technology, consumer insights, and creative and media services, announced via a FORM-31 on August 20, 2024, the appointment of Thomas Triscari to the Board of Directors and as Chair of the Compensation Committee.
With a distinguished career in the AdTech and digital media industries, Thomas Triscari brings a wealth of experience to Bright Mountain Media. Currently a Senior Advisor at Landmark Ventures, Triscari is instrumental in developing a premier M&A advisory practice within the AdTech and Media sectors. He is also the Founder of the Forensic AdTech Collaborative Thinktank (FACT), an initiative to pioneer new standards in the industry.
Triscari's extensive advisory and non-executive board roles include positions at WasteNot, Br1dge, Adfidence, and Compliant. He serves as a Non-Executive Board Member at Adslot and has made significant contributions as the Founder of the Quo Vadis Newsletter, a widely respected resource in AdTech.
Previously, Triscari has held influential roles at Yahoo! EMEA, where he participated in sales operations, planning, and strategy. His expertise was further demonstrated at Criteo, where he served as Director of Publisher Marketplace & Business Intelligence. As an entrepreneur, Triscari founded Labmatik, a consultancy specializing in programmatic advertising, and led Yieldr, a Demand-side Platform (DSP), as CEO.
Thomas Triscari, commented, "I am thrilled to join Bright Mountain Media as a Director," said Triscari. "The company's innovative approach to digital marketing and commitment to excellence aligns perfectly with my professional values and goals. I look forward to contributing to Bright Mountain Media's continued success and growth in the dynamic marketing landscape."
Matt Drinkwater, Chief Executive Officer of Bright Mountain Media, commented, "We are delighted to welcome Tom to our Board of Directors. Tom's extensive experience and deep understanding of the AdTech and media industries will be invaluable as we navigate the evolving marketplace. His strategic insights and industry expertise will significantly enhance our governance and drive our mission forward."
$CBDL CBD Life Sciences, Inc. Unveils Groundbreaking Nutritional Supplement Infused With Mushroom Extracts, Set to Drive Revenue and Revolutionize Wellness
https://www.accesswire.com/918828/cbd-life-sciences-inc-unveils-groundbreaking-nutritional-supplement-infused-with-mushroom-extracts-set-to-drive-revenue-and-revolutionize-wellness
Projected to increase company revenue by 20% in the first year, capitalizing on the booming $18 billion wellness market.
SCOTTSDALE, AZ / ACCESSWIRE / September 17, 2024 / CBD Life Sciences, Inc. (CBDL), an innovative leader in the CBD wellness industry, is set to launch a cutting-edge nutritional supplement powder designed to harness the powerful health benefits of natural ingredients. This new supplement contains a proprietary blend of reishi mushroom extract, lion's mane mushroom extract, and ashwagandha root extract, offering an integrated approach to wellness by reducing stress, supporting brain health, and enhancing the immune system.
Recent studies highlight the effectiveness of reishi extract, not only in boosting the immune system but also in slowing or stopping tumor growth, a feature that positions this product as an essential addition to the wellness market. The blend of lion's mane extract and ashwagandha root provides additional cognitive support and anti-inflammatory benefits, making it an all-around solution for physical and mental well-being.
Unrivaled Benefits of Key Ingredients:
Reishi Mushroom Extract: Renowned for its immune-boosting and anti-cancer properties, research suggests it can slow tumor growth, making it one of the most potent natural supplements available today.
Lion's Mane Mushroom Extract: Known for supporting brain health, lion's mane helps to enhance cognitive function and promote nerve regeneration, ideal for those seeking long-term mental clarity.
Ashwagandha Root Extract: Widely celebrated for reducing stress and its anti-inflammatory effects, ashwagandha contributes to overall mental health and physical recovery.
Revenue Projections & Market Potential
With the global supplement market experiencing rapid growth, the introduction of this new product is projected to significantly boost CBD Life Sciences, Inc.'s annual revenue. Analysts expect the market for mushroom-infused supplements to reach $18 billion by 2028, and with the unique blend of ingredients in this product, CBD Life Sciences, Inc. is poised to capture a substantial portion of that market. This launch is expected to drive a revenue increase of 20% within the first year, positioning the company at the forefront of the wellness supplement industry.
A Vision for the Future
Lisa Nelson, President and CEO of CBD Life Sciences, Inc., stated, "We are incredibly excited to bring this innovative product to the market. With the growing demand for natural, scientifically backed health solutions, we believe this supplement will be a game-changer, not only for our company but for the health-conscious consumers we serve."
$CBDL CBD Life Sciences, Inc. Unveils Groundbreaking Nutritional Supplement Infused With Mushroom Extracts, Set to Drive Revenue and Revolutionize Wellness
https://www.accesswire.com/918828/cbd-life-sciences-inc-unveils-groundbreaking-nutritional-supplement-infused-with-mushroom-extracts-set-to-drive-revenue-and-revolutionize-wellness
Projected to increase company revenue by 20% in the first year, capitalizing on the booming $18 billion wellness market.
SCOTTSDALE, AZ / ACCESSWIRE / September 17, 2024 / CBD Life Sciences, Inc. (CBDL), an innovative leader in the CBD wellness industry, is set to launch a cutting-edge nutritional supplement powder designed to harness the powerful health benefits of natural ingredients. This new supplement contains a proprietary blend of reishi mushroom extract, lion's mane mushroom extract, and ashwagandha root extract, offering an integrated approach to wellness by reducing stress, supporting brain health, and enhancing the immune system.
Recent studies highlight the effectiveness of reishi extract, not only in boosting the immune system but also in slowing or stopping tumor growth, a feature that positions this product as an essential addition to the wellness market. The blend of lion's mane extract and ashwagandha root provides additional cognitive support and anti-inflammatory benefits, making it an all-around solution for physical and mental well-being.
Unrivaled Benefits of Key Ingredients:
Reishi Mushroom Extract: Renowned for its immune-boosting and anti-cancer properties, research suggests it can slow tumor growth, making it one of the most potent natural supplements available today.
Lion's Mane Mushroom Extract: Known for supporting brain health, lion's mane helps to enhance cognitive function and promote nerve regeneration, ideal for those seeking long-term mental clarity.
Ashwagandha Root Extract: Widely celebrated for reducing stress and its anti-inflammatory effects, ashwagandha contributes to overall mental health and physical recovery.
Revenue Projections & Market Potential
With the global supplement market experiencing rapid growth, the introduction of this new product is projected to significantly boost CBD Life Sciences, Inc.'s annual revenue. Analysts expect the market for mushroom-infused supplements to reach $18 billion by 2028, and with the unique blend of ingredients in this product, CBD Life Sciences, Inc. is poised to capture a substantial portion of that market. This launch is expected to drive a revenue increase of 20% within the first year, positioning the company at the forefront of the wellness supplement industry.
A Vision for the Future
Lisa Nelson, President and CEO of CBD Life Sciences, Inc., stated, "We are incredibly excited to bring this innovative product to the market. With the growing demand for natural, scientifically backed health solutions, we believe this supplement will be a game-changer, not only for our company but for the health-conscious consumers we serve."
“2024 Penny Stocks to Watch: ADHC, BTTC, RJDG, VHAI, CBDW Poised for Major Growth”
https://thestreetreports.com/2024-penny-stocks-to-watch-adhc-bttc-rjdg-vhai-cbdw-poised-for-major-growth/
These five companies Under five cents are driving innovation and growth across diverse sectors, positioning themselves for substantial shareholder value and long-term success.
Correction: On Wednesday September 11, 2024, it was reported American Diversified Holdings Corporation (OTC: ADHC) has acquired GlucoGuard which was incorrect. It should have been reported as follows: American Diversified Holdings Corporation (OTC: ADHC) is acquiring GlucoGuard, an AI-driven device for managing nocturnal hypoglycemia in diabetic patients. Developed by Zachary Smith, the device offers non-invasive glucose monitoring and delivery. Smith will join ADHC as a Scientific Advisor, positioning GlucoGuard to tap into the $28 billion U.S. diabetes market.
Bitech Technologies Corporation (OTCQB: BTTC) is a prominent independent power provider specializing in Battery Energy Storage Systems (BESS) to stabilize the grid and create sustainable revenue streams. The company’s expertise in renewable energy and smart energy solutions, including microgrids and Energy Management Systems (EMS), is supported by a skilled team with a strong industry impact. With a strategic portfolio of 1.965 GW in BESS projects and 1.4 GW in solar, Bitech is focusing on its BESS business, projecting significant growth as U.S. energy demand rises. Technological innovation, financial strength, and key partnerships position the company for rapid expansion in the clean energy sector.
RJD Green Inc.’s (OTC: RJDG) Silex Holdings Division has appointed Mark Gould as the new Division Manager. Gould brings a strong background in sales, marketing, and management within the construction products sector, having led a wholesale company that grew ten-fold during his six-year tenure. Under his leadership, the division will enhance offerings like cabinetry, doors, wood flooring, fireplaces, and hardware. CEO Ron Brewer expressed confidence in Gould’s ability to drive growth and add new revenue streams for Silex.
Vocodia Holdings Corp. (OTC: VHAI), an AI software company specializing in practical AI solutions, has provided an update on its progress and strategic path forward. The company has significantly reduced its cash burn rate from over $1 million to less than $300,000, improving financial health and operational efficiency. Vocodia is converting pilot programs into long-term contracts, validating its DISA technology platform, which enhances customer service solutions.
1606 Corp. (OTC: CBDW) plans to acquire a strategic stake in Adnexus, a leader in AI-driven drug discovery and infectious disease research, enhancing its presence in AI-powered healthcare solutions. This partnership is set to accelerate innovation, particularly in developing treatments for diseases like HIV and SARS-CoV-2 using advanced AI technology. With the global AI market projected to reach $2.25 trillion by 2030, this collaboration positions 1606 Corp. to capitalize on the rapid growth in AI and healthcare, driving shareholder value and establishing both companies as pioneers in their respective fields.
With cutting-edge advancements across diverse industries, these companies are setting new standards for innovation and growth. As they strengthen their market positions and expand their technological capabilities, American Diversified Holdings Corporation (OTC: ADHC), Bitech Technologies (OTCQB: BTTC), RJD Green Inc. (OTC: RJDG), Vocodia Holdings Corp. (OTC: VHAI) and 1606 Corp. (OTC: CBDW) are poised to deliver shareholder value and drive long-term success in their respective sectors.
"July Argo Oil Production $ARQ.C $ARBTF #oil #OPEC #OOTT #COM #CSE #FSE #OTCMarkets #crudeoil #crude #xom #BTC #GOLD"
July Argo Oil Production $ARQ.C $ARBTF #oil #OPEC #OOTT #COM #CSE #FSE #OTCMarkets #crudeoil #crude #xom #BTC #GOLD pic.twitter.com/A29S6CdK7M
— Argo Oil (@Argoresources) September 11, 2024
$SSII SS Innovations Conducts Interactive Meeting with the Center for Devices and Radiological Health (CDRH) of the Food and Drug Administration (FDA) and Updates its Expected FDA Approval Timeline
https://www.globenewswire.com/en/news-release/2024/09/11/2944469/0/en/SS-Innovations-Conducts-Interactive-Meeting-with-the-Center-for-Devices-and-Radiological-Health-CDRH-of-the-Food-and-Drug-Administration-FDA-and-Updates-its-Expected-FDA-Approval-T.html
FORT LAUDERDALE, Fla., Sept. 11, 2024 (GLOBE NEWSWIRE) -- SS Innovations International, Inc. (the “Company” or “SS Innovations”) (OTC: SSII), developer of innovative surgical robotic technologies dedicated to making world-class robotic surgery affordable and accessible to a global population, today issued an update on its progress and timeline in obtaining U.S. Food and Drug Administration (“FDA”) approvals to market the SSi Mantra Surgical Robotic System (“SSi Mantra”) in the United States.
Early this year, the Company completed its first interactive pre submission meeting with the FDA for the SSi Mantra. The Company received valuable feedback from the FDA regarding its planned regulatory strategy, biocompatibility assessment, reprocessing validation, and clinical data requirements and, based on this feedback, will proceed with a de novo pathway for the pre-market submission of the SSi Mantra for numerous indications in parallel.
The Company plans to have follow-on pre-submission meetings in the upcoming months and anticipates submitting the SSi Mantra for an investigational device exemption (IDE) application in the first quarter of 2025 to initiate clinical trials.
The Company is planning to simultaneously conduct clinical trials for various indications including abdominal, pelvis, thoracic and cardiac.
The Company believes that it will be able to meet the clinical trial requirements relatively quickly because (i) the SSi Mantra’s safety, efficacy, and performance has already been demonstrated in ongoing clinical use in India, where it has performed all the types of surgical procedures for which approval is being applied for; and (ii) under applicable FDA protocols, procedures performed in India can be included in the clinical trials. The Company plans to also conduct some of the clinical trials in the United States, particularly for Cardiac, where it has already identified potential testing sites.
The Company estimates that, barring any unanticipated developments, it should be able to secure its pre-market approvals by the end of 2025.
$RJDG RJD Green Inc.’s Silex Holdings Division Announces Mark Gould as the Tulsa, Oklahoma Division Manager
https://www.globenewswire.com/en/news-release/2024/09/11/2944568/0/en/RJD-Green-Inc-s-Silex-Holdings-Division-Announces-Mark-Gould-as-the-Tulsa-Oklahoma-Division-Manager.html
TULSA, OK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- RJD Green Inc. (OTCPK: RJDG) announced Silex Holdings Inc. has hired Mark Gould to fill the new position, Tulsa Division Manager. The focus of the division is to increase organic growth, expand the region geographically to a 200-mile radius, and to implement the introduction of additional synergistic products and services into the market for Silex Holdings.
Mark Gould has accepted the position of Tulsa, Oklahoma Division Manager. Mark brings forward an excellent resume of success in sales & marketing and management in the construction products sector. Mark joins Silex after a six-year stint managing an Oklahoma-based wholesale construction products company that grew ten-fold over the six-year period. Mark has extensive background in implementation of multiple products that fit well for Silex’s synergistic additions. Mark will manage the division’s growth and lead the sales efforts.
Additional Products that have been launched include:
· Cabinetry – enhancement of our current products and services
· Doors – introduction of a full line of residential and commercial products
· Wood Flooring
· Fireplaces – engineered electric and gas
· Hardware and facets
Ron Brewer, CEO stated, “We are excited to have Mark Gould join our team. He fits well by background and desire to grow the Tulsa Division. His experience with the introduction of new construction products will assist in adding new revenue streams. We feel Mark’s sales and management skills fit very well our needs for this new division’s growth and expansion and will bring immediate additional profitable revenues.”
$RFHRF $RFR.CN Gold Mineralization Extended into Sediments at Parbec with Soil Survey Results
https://www.thenewswire.com/press-releases/1LPRFXN68-gold-mineralization-extended-into-sediments-at-parbec-with-soil-survey-results.html
PICKERING, Ontario, Sept. 11, 2024 – TheNewswire – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) (“Renforth” or the “Company”) today advises shareholders that results from our initial soil sampling campaign on our Parbec Gold Project have extended the gold bearing ground beyond the area of the Cadillac Break and the modelled gold deposit. Encouraging surface sample results, including a 0.28 g/t Au soil sample, supports Renforth’s recent re-interpretation of the Parbec gold deposit, including gold-bearing structures extending into the Pontiac Sediments.
Mapping of the geometry of the contact between the Piché volcanics and the Pontiac sediments resulted in our interpretation of the "Diorite splay" as a hinge fold in the Pontiac, a conduit for gold bearing fluids into not only the Cadillac Break, but also into perpendicular cross faults and low angle structures intersecting the break. This interpretation is supported not only by Renforth’s prior drilling, but also by the initial soil survey results as described above and depicted in the included map. As a result, the area of prospective ground on the property has expanded considerably, enhancing the project’s potential for further gold discoveries, not only in the break but also into the Pontiac sediments to the south of the Cadillac Break.
$XONI - Last call to enter! @XFCFight , the next generation of #MMA, is rolling out the red carpet for one lucky winner with a VIP trip to #XFC 51: Evolution in Milwaukee, WI on 9/27 💥
To enter or view official rules, visit http://tiicker.com/xoni
"
Last call to enter! @XFCFight, the next generation of #MMA, is rolling out the red carpet for one lucky winner with a VIP trip to #XFC 51: Evolution in Milwaukee, WI on 9/27 💥
— TiiCKER (@TiiCKERPerks) September 10, 2024
To enter or view official rules, visit https://t.co/1dmYsVgRDo$XONI pic.twitter.com/AuRkz1do5F
$RFHRF $RFR.CN - "We continue to explore and develop key mineral assets in Quebec, focusing on battery metals and gold. With federal support and strategic projects underway, we're poised to meet the rising demand for critical minerals. $RFR $RFHRF #mining"
We continue to explore and develop key mineral assets in Quebec, focusing on battery metals and gold. With federal support and strategic projects underway, we're poised to meet the rising demand for critical minerals. $RFR $RFHRF #mining
— Renforth Resources $RFR.CN $RFHRF $RFR (@RenforthRes) September 10, 2024
Read more: https://t.co/rnX4b9Lw3Y pic.twitter.com/Tqv1voD9bJ
$CBDW - "great time presenting at the 150th NIBA show last week."
great time presenting at the 150th NIBA show last week. pic.twitter.com/rmBRVSoHLk
— CBDW.ai | A Brand by 1606 Corp (@CBDWInc) September 10, 2024
$SSII SS Innovations Welcomes “Father of Surgical Robotics” Dr. Fredric Moll to Board
https://www.globenewswire.com/en/news-release/2024/09/10/2943651/0/en/SS-Innovations-Welcomes-Father-of-Surgical-Robotics-Dr-Fredric-Moll-to-Board.html
FORT LAUDERDALE, Fla., Sept. 10, 2024 (GLOBE NEWSWIRE) -- SS Innovations International, Inc. (the “Company” or “SS Innovations”) (OTC: SSII), a developer of innovative surgical robotic technologies dedicated to making world-class robotic surgery affordable and accessible to a global population, is pleased to announce the addition of Dr. Fredric Moll to its Board of Directors, where he will serve as Vice Chairman. Dr. Moll is the founder of Intuitive Surgical and is widely regarded as the “father of surgical robotics.”
Dr. Moll brings a wealth of industry experience and expertise to the board: He oversaw the development and commercialization of the da Vinci surgical robotic system. He most recently served as Chief Development Officer for Johnson & Johnson Medical Devices Companies from April 2019 to March 2023. Dr. Moll was a co-founder, Chairman and Chief Executive Officer of Auris Health, Inc., a robotics medical device company that was acquired by Johnson & Johnson in 2019. Dr. Moll is also the Founding Partner of Sonder Capital Management, LLC, a healthcare venture capital investment firm. He served on the board of Shockwave Medical, Inc. from March 2011 through its acquisition by Johnson & Johnson in May 2024. Dr. Moll was an early investor in Avra Medical Robotics and is a current investor in SS Innovations.
“The strength and caliber of Dr. Moll’s leadership is peerless, and he will be a tremendous addition to our Board of Directors,” said Dr. Sudhir Srivastava, SS Innovations Chairman and CEO . “Joining us during the most robust phase of global growth to date, his appointment is perfectly timed. As a pioneer in robotic surgery, Dr. Moll offers a unique perspective and legacy as well as superior insight on the direction and promising future of the industry and SS Innovations.”
Dr. Moll added, “I am excited to help with SS Innovation’s mission to bring the benefits of robotic surgery not just to more people in the United States but also to the rest of the world. This technology should be available to everyone on the planet, and I believe the Company successfully addresses the reasons why others have not yet been able to do so. It is much more affordable than what is out there now without sacrificing any clinical capabilities. It even has capabilities such as in cardiac that no one else even has. I also believe that the system’s proven telesurgery capabilities as well as its related teaching and proctoring tools will prove invaluable.”
Earlier this year, SS Innovations launched the SSI Mantra 3, the newest and most advanced version of its surgical robotic system that makes possible more affordable and accessible surgical care across the globe.
The SSi Mantra 3 provides the capabilities for multi-specialty usage including cardiothoracic, head and neck, gynecology, urology, general surgery and more while engaging with surgeons and surgical teams to improve safety and efficiency during procedures. The regulatory approval process from the U.S. Food and Drug Administration (FDA) is already underway, and SS Innovations anticipates receiving approval to market in the latter part 2025.
$BLQC BlockQuarry Corp. Expands Operational Focus on AI, HPC, and Healthcare Infrastructure with Clear Path for Growth
https://www.globenewswire.com/en/news-release/2024/09/10/2943591/0/en/BlockQuarry-Corp-Expands-Operational-Focus-on-AI-HPC-and-Healthcare-Infrastructure-with-Clear-Path-for-Growth.html
HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- via IBN – BlockQuarry Corp. (OTC: BLQC), a leader in sustainable energy and high-performance computing (HPC) infrastructure, today provided an update on its strategic growth initiatives and its vision for the future. These decisions reflect BlockQuarry's commitment to being at the forefront of rapid market changes and ensuring long-term growth in emerging technologies, including AI, HPC, and Healthcare Infrastructure.
Strategic Focus on AI, HPC, and Healthcare Infrastructure
BlockQuarry is doubling down on its future growth strategy, focusing on partnerships that align with its core mission to lead in AI, HPC Services and Healthcare Infrastructure. These partnerships will include collaborations with HPC service providers and healthcare pilot programs aimed at solving critical industry challenges.
"While we made the decision to turn down recent partnerships, we’ve actively pursued additional partnerships that make the most sense for our long-term strategy," said Alonzo Pierce. "For example, we’re in active discussions with healthcare providers introducing AI technologies to help expand their operations and increase their customer base.” BlockQuarry’s healthcare initiatives are designed to address critical challenges in the healthcare sector by leveraging AI technology.
Emphasizing the Importance of Hybrid Data Centers
A central element of BlockQuarry's strategy is the development of data centers that are flexible and or customizable to partners to meet the growing demand for customized AI and HPC solutions.
"Flexible data center facilities allow us to tailor our infrastructure to the specific needs of AI and HPC applications, ensuring optimal performance and reliability for our clients," said Alonzo Pierce. "We’re starting in the U.S., but we have plans to replicate this model in other strategic locations, including regions within the UAE (United Arab Emirates), to leverage the advantages of both regions."
Mutually Beneficial Partnerships
BlockQuarry’s philosophy extends beyond business growth, focusing on creating mutually beneficial partnerships that drive local and international economic development. The Company’s partnerships are expected to generate job opportunities in construction and infrastructure maintenance, contributing to revenue growth for local and global municipalities.
"Our goal is to create a cycle of mutual prosperity, benefiting not only our shareholders but also the communities in which we operate," said Alonzo Pierce. "We believe in creating sustainable, long-term value for everyone involved."
Looking Ahead: Capitalizing on AI, HPC and Healthcare Opportunities
BlockQuarry’s commitment to AI and healthcare infrastructure is central to its future growth strategy. By leveraging cutting-edge technology and strategic partnerships, the company aims to be at the forefront of AI-driven healthcare solutions, further solidifying its position as a leader in these high-potential markets.
"Our strategic focus on AI and healthcare reflects our belief in their transformative power," concluded Alonzo Pierce. "As we expand our infrastructure, we will continue to prioritize shareholder value while pursuing innovative solutions that address real-world challenges."
$BMTM Bright Mountain Media Appoints Industry Veteran Joe Pergola as Director and Audit Committee Chair
https://www.globenewswire.com/en/news-release/2024/09/10/2943690/0/en/Bright-Mountain-Media-Appoints-Industry-Veteran-Joe-Pergola-as-Director-and-Audit-Committee-Chair.html
Boca Raton, FL, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) ("Bright Mountain" or the "Company"), a global marketing services platform with current investments in digital publishing, advertising technology, consumer insights, and creative and media services, announced via a FORM-31 on August 16, 2024, the appointment of Joe Pergola to the Board of Directors and as Chair of the Audit Committee.
Joe Pergola brings a wealth of experience to our team as the Chief Financial Officer of Truckstop, a leading digital marketplace for freight. With over 25 years in the industry, Joe has a distinguished track record of leading and transforming finance, accounting, mergers and acquisitions, corporate development, business and sales operations, and real estate for multiple Fortune 500 Media and Ad Tech companies. His impressive career includes key roles at Amazon, Criteo, The Weather Company, Yahoo, and Time Warner. Notably, as CFO of Integral Ad Science, Joe played a crucial role in the company’s successful IPO in 2021, which valued the company at $3.8 billion.
In his new role, Joe expressed his enthusiasm, stating, “I am honored to join the Bright Mountain Media Board of Directors. Matt continues to build a best-in-class team that has effectively integrated two companies, creating a unique value proposition for marketers. I look forward to collaborating with Matt, the Board, and the rest of the Bright Mountain Media leadership team to provide strategic direction, accelerate growth, and enhance shareholder value.”
Matt Drinkwater, Chief Executive Officer of Bright Mountain Media, commented, “Joe is an accomplished finance leader with a proven track record of driving revenue and profitability at scale. His financial expertise and hands-on operational experience with leading technology and digital media companies will be invaluable as we guide Bright Mountain Media through its next growth stage.”
$RITE - "met with several quality contacts at the National Investment Bankers Association meeting last week. Talks are progressing with purpose with multiple members as RITE’s story continues to unfold. #MineralRite #RITE #PreciousMetalMining #InvestorRelations #OTCMarkets"
$RITE met with several quality contacts at the National Investment Bankers Association meeting last week. Talks are progressing with purpose with multiple members as RITE’s story continues to unfold. #MineralRite #RITE #PreciousMetalMining #InvestorRelations #OTCMarkets
— Mineralrite Corporation (@Mineralrite) September 9, 2024
$ARBTF $ARQ.C Argo's July 2024 Oil Production
https://www.newsfilecorp.com/release/222641/Argos-July-2024-Oil-Production
Toronto, Ontario--(Newsfile Corp. - September 9, 2024) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") July 2024 oil production was a total of 2,947 barrels for the month, averaging 95 barrels per day. Oil prices averaged CDN$81.79 per barrel and Argo's June oil revenue was $241,065 net operating cash flow was $161,982.
In late August, a second horizontal oil well at Lloyd was drilled and completed in the General Petroleum (GP) Formation. Argo's interest in the second oil well at Lloyd is 18.75%. Development drilling of a third oil well at Lindbergh is planned for Q4 2024.
$BTTC Bitech Technologies Signs Term Sheet of $80 Million Investment Tax Credit for Its Flagship BESS Project
https://www.globenewswire.com/en/news-release/2024/09/05/2941246/0/en/Bitech-Technologies-Signs-Term-Sheet-of-80-Million-Investment-Tax-Credit-for-Its-Flagship-BESS-Project.html
Advances 100MW Capacity Battery Energy Storage System Project Toward Commercialization in Q2 2025
Newport Beach, CA, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Bitech Technologies Corporation (OTCQB: BTTC), (the “Company” or “Bitech”), an independent power provider developing utility-scale battery energy storage initiatives and innovative renewable solutions, today announced that its operating subsidiary Emergen Energy, LLC has signed a non-binding term sheet for a tax credit transfer agreement with a leading renewable energy investment firm for Project Redbird, Bitech’s flagship 100 Megawatt (MW) capacity Battery Energy Storage System (“BESS”) project in Fort Bend County, Texas.
The investment firm offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film, and other qualified projects, and has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs.
Under the term sheet, the investment firm will attempt to arrange for the transfer of up to $80 million of federal investment tax credits (ITCs) derived from Project Redbird from Bitech to one or more purchasers pursuant to Internal Revenue Code Section 6418. Project Redbird is anticipated to generate approximately $78 million of investment tax credits by the third quarter of 2025 based on a 50% investment tax credit as the result of the Inflation Reduction Act of 2022 (IRA). The transfer will be subject to one or more definitive transfer agreements with a prospective buyer or buyers.
“A tax credit transfer agreement would be an important milestone as we advance our flagship BESS project toward monetization,” said Benjamin Tran, Chairman and CEO of Bitech Technologies. “We are pleased to partner with a leading firm that has a stellar track record in renewable energy investments. In tandem with project equity investment or debt financing, we believe the tax credit transfer agreement will enable an initial Commercial Operation Date in the second quarter of 2025.”
Bitech expects to complete financing for its first two 100MW BESS projects in Texas in the second half of 2024 while expanding revenue opportunities with the U.S. Department of Energy. In early 2025, the Company expects to commence construction for its first two projects, finance a third project, and pursue strategic, joint venture opportunities. We believe that executing these near-term milestones will support Bitech’s future growth plans including the expansion of its BESS business from 1.96GW to 5GW over the next three to five years.
$ARBTF $ARQ.C - "Our new mining exploration project is located in the province of Saskatchewan as shown here $ARQ.C $ARBTF #CSE #FSE #OTC #Gold #Silver #Copper #Palladium #Platinum #Nickel #Mining #MiningStocks #BatteryMetals #ElectricVehicles #SilverSqueeze #Oil #CrudeOil #BTC #BTCUSDT #Bitcoin"
Our new mining exploration project is located in the province of Saskatchewan as shown here $ARQ.C $ARBTF #CSE #FSE #OTC #Gold #Silver #Copper #Palladium #Platinum #Nickel #Mining #MiningStocks #BatteryMetals #ElectricVehicles #SilverSqueeze #Oil #CrudeOil #BTC #BTCUSDT #Bitcoin pic.twitter.com/e3NMmWyJQy
— Argo Oil (@Argoresources) September 4, 2024
Bitech Technologies (OTCQB: $BTTC ) Revolutionizes Grid Stability with Advanced Energy Storage and Smart Energy Solutions
https://thestreetreports.com/bitech-technologies-otcqb-bttc-revolutionizes-grid-stability-with-advanced-energy-storage-and-smart-energy-solutions/
Bitech Technologies Corporation (OTCQB: BTTC) is a leading independent power provider and renewable technology enabler, specializing in Battery Energy Storage Systems (BESS) to enhance grid stability and generate consistent, sustainable revenues. The company also offers advanced smart energy solutions such as microgrids, Energy Management Systems (EMS), and energy-efficient infrastructure for homes, buildings, campuses, and cities.
Expert Team and Industry Impact
Bitech’s diverse and experienced team excels in cleantech and renewable energy, with extensive expertise in solar and storage project development, financing, and EMS integration. Strong partnerships with regulatory bodies and utility operators nationwide ensure access to essential financing and tax credits, propelling the success of our utility-scale projects.
Strategic Portfolio, Financial Projections, and Market Focus
Bitech’s portfolio includes 1.965 GW of BESS projects and 1.4 GW of solar projects. A recent solar project sale, expected to generate $19.4 million, allows us to focus on expanding our BESS business. These systems store excess energy and release it during demand peaks, stabilizing the grid and ensuring reliable revenue. Our flagship 100 MW BESS project, set to be operational by mid-2025, is projected to have an NPV of $325 million. With the growing need for grid stability due to aging infrastructure and rising energy demand, Bitech is poised for significant growth as the U.S. BESS market rapidly expands.
Technological Innovation and Future Growth
Bitech leads the clean energy revolution by developing scalable solutions for smart grids, intelligent energy storage, and AI-powered data centers. Our recent patent application and strategic partnerships are designed to integrate next-generation energy storage into major U.S. energy grids. Bitech’s strong financial performance, including a 435% increase in cash reserves and a 9,656% surge in total assets, highlights our growth trajectory. With keen interest from investors and tax equity partners, we are on track to install up to 260 MW of BESS by 2025 and expand our portfolio to 5 GW in the coming years.
Here are four standout undervalued companies under $1, demonstrating strong market trends, volume, and heightened awareness:
Sify Technologies Ltd. (NASDAQ: SIFY)
LogicMark Inc. (NASDAQ: LGMK)
Focus Universal Inc. (NASDAQ: FCUV)
1606 Corp. (OTC: CBDW)
These companies are currently showing strong market trends, increased trading volumes, and growing investor awareness, making them compelling opportunities for value-focused investors.
$BLQC - "“A once in a generation opportunity.”
This short, must watch, video explains exactly why BlockQuarry (BLQC) has shifted its focus to Ai Data Centers. https://shorturl.at/1c903 #hpc #ai #datacenters #aicagr #greenenergy #greentech #artificialintelligence #energy #blqc "
“A once in a generation opportunity.”
— BlockQuarry Corp (@blockquarryco) September 4, 2024
This short, must watch, video explains exactly why BlockQuarry (BLQC) has shifted its focus to Ai Data Centers. https://t.co/jC4sdJqACF #hpc #ai #datacenters #aicagr #greenenergy #greentech #artificialintelligence #energy #blqc #constru... pic.twitter.com/uE3yjw2si9
$INTV Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market
https://www.prnewswire.com/news-releases/integrated-ventures-acquires-51-stake-in-gettrimcom-tm-telemedicine-platform-with-focus-on-expansion-into-booming-glp-1-powered-weight-loss-market-302238064.html
TAMPA, Fla., Sept. 4, 2024 /PRNewswire/ -- Integrated Ventures Inc. (OTCQB: INTV), a holdings company, focused on e-commerce technology, digital assets and consumer-focused investments, is excited to announce (1) formation and launch of our second, fully funded, 100% owned subsidiary - MedWellDirect, LLC, Direct-To-Consumer (D2C) telemedicine solutions provider, mainly for weight loss and GLP-1 products and (2) acquisition of 51% stake in GetTrim.Com (TM), owned by Healthy Lifestyle USA – an innovative telemedicine weight loss services provider.
This strategic move positions Integrated Ventures at the forefront of the rapidly expanding medical weight loss industry, which is experiencing significant growth driven by the increasing consumer adoption of new medications such as Semaglutide and Tirzepatide.
Healthy Lifestyle USA has developed and launched two consumer-targeted platforms, GetTrim.Com and JoinTrim.Com, each offering unique and effective weight loss solutions, tailored to a wide audience. The dual-platform strategy, supported by advanced technological infrastructure and sophisticated marketing funnels, is designed to deliver accessible, effective, and personalized weight loss services. By integrating cutting-edge telemedicine capabilities with a robust tech stack, Healthy Lifestyle USA, aims to create seamless, high-quality solutions and experiences for consumers, seeking safe and effective medical weight loss options.
The acquisition comes at a pivotal moment for the industry. Many telemedicine companies have demonstrated the immense potential in this market, indicating a strong shift toward telemedicine-based weight loss solutions. GetTim + JoinTrim platform is trademarked and well-positioned to build on this success with its integrated telemedicine platforms for online consultations, real-time customer communication, and secure transactions. By leveraging outsourced customer service models and third-party marketing funnels, the program is strategically designed to enhance user experience and achieve high conversion rates.
Healthy Lifestyle USA's platforms are built on a unified, cloud-based architecture that offers scalability, reliability, and security, compliant with HIPAA and GDPR regulations. Advanced reporting and analytics provide real-time insights into user behavior and treatment outcomes, utilizing machine-learning algorithms to enhance user experience and service delivery. The intuitive user interface ensures a seamless experience across all devices and telehealth features, further enhancing the comprehensive e-commerce functionalities.
Compliant with regulations to operate and provide medical consulting services in 49 states, including major markets like California, Florida, Texas, and New York, the GetTrim platform is well-positioned to reach a broad audience across the United States. This extensive reach aligns with Integrated Ventures' growth strategy to become a leading player in the medical weight loss sector.
Steve Rubakh, CEO of Integrated Ventures, Inc., commented, "The acquisition of GetTrim.Com is the engine to our multi-faceted B2C/D2C growth strategy and reinforces our commitment to investing in high-growth sectors. The Get Trim program, with its dual-platform approach and cutting-edge technology, is uniquely positioned to address the growing consumer demand for medical weight loss solutions like Semaglutide and Tirzepatide. We are excited to work closely with the Healthy Lifestyle USA team to scale these platforms, enhance user experience, and drive long-term shareholder value. Note that additional details, related this transaction are available via 8K, filed with SEC on 09/03/2024."
$BMTM Bright Mountain Media Appoints Elaine Riddell as Non-Executive Director Bringing 15 Years of Experience Driving Transformative Growth
https://www.globenewswire.com/news-release/2024/09/04/2940546/0/en/Bright-Mountain-Media-Appoints-Elaine-Riddell-as-Non-Executive-Director-Bringing-15-Years-of-Experience-Driving-Transformative-Growth.html
Boca Raton, FL, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) ("Bright Mountain" or the "Company"), a global marketing services platform with current investments in digital publishing, advertising technology, consumer insights, and creative and media services, announced via a FORM-31 on August 14, 2024, that they have appointed Elaine Riddell as Non-Executive Director of the Governance Committee.
Elaine Riddell is a dynamic growth strategist with a proven track record of unlocking breakthrough potential within companies. With over 15 years as a CEO at leading firms such as NOPWorld Health (a unit of UBM), TNS Healthcare, and Kantar Health (now Oracle LifeSciences), Elaine has a distinguished history of transforming established global data, analytics, and consulting firms into high-performing market leaders. Her efforts have consistently driven revenue growth at three times the market rate, demonstrating her unique ability to scale businesses rapidly while achieving attractive margins.
Elaine’s expertise extends from her foundational roles at Abbott Labs (now AbbVie) and IMS Health (now IQVIA), where she honed her skills in customer-centric innovation, strategic mergers and acquisitions, and building high-performance cultures. This broad experience underpins her current role as Managing Director at Oaklins DeSilva+Phillips, a leading investment bank specializing in M&A advisory within the marketing and media services sectors.
In addition to her advisory work, Elaine is an influential board director for the Executive Forum, a network of top executives dedicated to advancing business growth. She served as Vice President from 2012-2016 and 2018-2024 and was Chair of the Advisory Board for Themis Analytics from 2016 to its acquisition in 2017. Themis, a leader in data and analytics for the biopharma industry, benefited greatly from Elaine’s strategic guidance.
Elaine is a McGill University alumna and holds dual Canadian and American citizenship.
Elaine Riddell stated, "I am thrilled to join Bright Mountain Media's Board of Directors at an important and exciting time. The company's innovative marketing services approach and commitment to excellence align perfectly with my values and experience. I look forward to working with the team to enhance Bright Mountain Media's governance further and drive its continued success."
Matt Drinkwater, CEO of Bright Mountain Media, commented, "We are excited to welcome Elaine Riddell to our Board of Directors. Her extensive experience transforming market research companies and deep understanding of strategic growth make her an invaluable addition to our team. Elaine's insights and leadership will be instrumental as we advance our position in the global marketing services landscape and uphold our commitment to exceptional governance."
Additionally, Bright Mountain Media is excited to announce that Matt Drinkwater, our Chief Executive Officer, has been appointed Interim Chairman of the Board, effective immediately. This appointment comes at a crucial juncture as we undergo significant strategic and financial transformations. Key developments include:
Strategic Acquisitions: We have undertaken acquisitions that strengthen our market position and expand our capabilities.
Debt Restructuring: Our debt restructuring efforts pave the way for clearer profitability.
Governance Enhancements: We have implemented new governance structures to support our evolving business needs better.
Growth and Transformation: We are advancing our growth strategy and business transformation initiatives to ensure long-term success.
Matt Drinkwater's new role as Interim Chairman highlights our commitment to steering this transformative phase with solid leadership and a clear strategic vision.
$CBDW 1606 Corp. Signs Letter of Intent to Acquire a Strategic Stake in Adnexus, a Leading AI Biotech Company
https://www.accesswire.com/911938/1606-corp-signs-letter-of-intent-to-acquire-a-strategic-stake-in-adnexus-a-leading-ai-biotech-company
SEATTLE, WA / ACCESSWIRE / September 4, 2024 / 1606 Corp. (OTC Pink:CBDW), a leader in AI technology development, is pleased to announce that it has signed a nonbinding Letter of Intent (LOI) to acquire a strategic stake in Adnexus, a pioneering company at the forefront of Artificial Intelligence innovations in early drug discovery and infectious disease research.
This potential strategic investment underscores 1606 Corp.'s commitment to expanding its technological footprint and enhancing its capabilities in the rapidly evolving field of AI. We believe the integration of Adnexus's cutting-edge AI research and development expertise would significantly bolster 1606 Corp.'s portfolio, bringing advanced solutions to the intersection of artificial intelligence and healthcare and biotech.
Adnexus has been recognized for its groundbreaking work in leveraging AI to drive early drug discovery and develop critical treatments for infectious diseases including HIV and SARS-COV-2. By aligning with Adnexus, 1606 Corp. aims to accelerate innovation and development within the healthcare sector, combining its strengths in conversational AI and chatbot technology with Adnexus's pioneering research efforts. For a deeper dive into Adnexus' groundbreaking technology, visit their website at www.adnexusbiotech.com.
Adnexus has distinguished itself in the field of biotechnology through its innovative approach to developing therapeutic solutions. Their proprietary methodology is centered around utilizing human "immune-B cells" sourced from individuals who have naturally recovered from target viruses. This unique process enables the creation of fully human monoclonal antibodies that exhibit natural affinity and specificity.
Austen Lambrecht, CEO of 1606 Corp., stated, "We are thrilled to enter into this agreement with Adnexus. Their exceptional work in AI-driven drug discovery and infectious disease treatment aligns perfectly with our vision of harnessing advanced AI technologies to create impactful solutions. This partnership represents a significant step forward in our strategy to diversify and enhance our technological capabilities."
The transaction is expected to be finalized following customary due diligence and the fulfillment of certain conditions as stated in the LOI. Both companies anticipate that this strategic alignment will generate significant value for shareholders, advance technological development, and drive innovation in their respective fields.
CEO, Austen Lambrecht and 1606 Corp. (CBDW) are glad to announce that we will be presenting at the 150th NIBA Show in Fort Lauderdale on Thursday, August 5th.
$ARBTF $ARQ.C - "Argo's Oil Revenue in Canadian Dollars $ARQ.C $ARBTF #CSE #FSE #OTC #Gold #Silver #Copper #Palladium #Platinum #Nickel #Mining #MiningStocks #BatteryMetals #ElectricVehicles #SilverSqueeze #Oil #CrudeOil #BTC #BTCUSDT #Bitcoin"
Argo's Oil Revenue in Canadian Dollars $ARQ.C $ARBTF #CSE #FSE #OTC #Gold #Silver #Copper #Palladium #Platinum #Nickel #Mining #MiningStocks #BatteryMetals #ElectricVehicles #SilverSqueeze #Oil #CrudeOil #BTC #BTCUSDT #Bitcoin pic.twitter.com/tmXKIzgnNJ
— Argo Oil (@Argoresources) September 3, 2024
$SSII SS Innovations International, Inc. Announces First Mantra Surgical Robotic System Sale in South America
https://www.globenewswire.com/en/news-release/2024/09/03/2939800/0/en/SS-Innovations-International-Inc-Announces-First-Mantra-Surgical-Robotic-System-Sale-in-South-America.html
SS Innovations receives Regulatory Approval for Clinical Use in Ecuador
SS Innovations Partners with Medical Device Firm Ingemedica S.A. for Distribution in Ecuador
The first SSi Mantra Surgical Robotic System to be installed at Interhospital, Guayaquil City, Ecuador
FORT LAUDERDALE, Fla. , Sept. 03, 2024 (GLOBE NEWSWIRE) -- SS Innovations International, Inc. (the “Company” or “SS Innovations”) (OTC: SSII), developer of innovative surgical robotic technologies dedicated to making world-class robotic surgery affordable and accessible to a global population, announced that it has completed the first sale of its SSi Mantra Surgical Robotic System in Ecuador as it begins its sales efforts in Central and South America.
SS Innovations successfully received the Ecuadorian regulatory approvals for clinical use in May 2024. Following the approvals, ongoing efforts to bring the Company’s affordable surgical robotic system to Ecuador began to solidify. Through SS Innovation’s partnership with Ingemedica Del Ecuador S.A., the Company’s distribution partner in Ecuador, the first purchase order was placed in August 2024 by Interhospital, a large multispecialty hospital in Guayaquil City, Ecuador.
Juan Pablo Rovayo, Sales and Project Manager for Ingemedica Del Ecuador S.A., commented, “The acquisition of the SSi Mantra Robotical Surgical System by Interhospital represents a significant advancement for the healthcare system in Ecuador. The SSi Mantra, designed with the philosophy of making high-tech surgery affordable for everyone, not only places Ecuador at the forefront of modern medicine but also reinforces Interhospital's commitment to accessibility and quality in healthcare. The SSi Mantra offers numerous advantages, such as advanced surgical precision that reduces recovery times and minimizes postoperative complications. This not only improves the experience and outcomes for patients but also optimizes hospital resources by reducing prolonged stays and the need for additional interventions.”
Mr. Rovayo further added, “The incorporation of this technology can make complex surgeries more accessible, eliminating the economic barriers that traditionally limit many patients. By making these surgeries more affordable, Interhospital not only elevates its level of service but also contributes to the overall well-being of the population, aligning with its mission to offer excellent healthcare to all Ecuadorians.”
SS Innovations’ President and COO, Dr. Vishwa Srivastava, said, “We are very excited to announce that we have completed our first SSi Mantra Surgical Robotic System sale in South America. We are very excited for the opportunity to extend our Company’s vision beyond borders and across continents. I am confident that the surgeons at Interhospital in Ecuador will be able to utilize our technology to best serve the patients in their community, offering the highest level of surgical care at an affordable cost, making our innovative technology accessible to all in Ecuador. As we are launching in South America, representing another part of the world that has tremendous inequity of healthcare access amongst its population, this expansion serves as a potent reminder and validation of our vision and mission to address the global need for affordable and accessible world-class robotic surgery. It is this same reminder that drives us forward at SS Innovations as a digital healthcare company in order to democratize global access to the latest technologies.”
The SSi Mantra Surgical Robotic System has received regulatory approvals in India, Indonesia, Nepal, Guatemala and now, Ecuador. It has been clinically utilized in over 1,900 cases in more than 80 different surgical procedures. SS Innovations has initiated the regulatory approval process in the United States and the EU, with approvals to market anticipated in the second half of 2025.
$DTII Defense Technologies International Corp.: Conclusion of Assessments of the Passive Portal(TM) by NUSTL
https://www.newsfilecorp.com/release/221814
Del Mar, California--(Newsfile Corp. - September 3, 2024) - Defense Technologies International Corp. (OTC Pink: DTII) (the Company) and Passive Security Scan Inc. (PSSI - the Subsidiary); innovative providers of security technology and systems with broad and diverse applications, are pleased to announce the conclusion of assessments of the Passive Portal system by NUSTL for their SAVER program.
The Company is pleased to announce the completion of assessments of the Passive Portal by the National Urban Security Technology Laboratory - NUSTL, who manages the System Assessment and Validation for Emergency Responders - SAVER and provides information on commercially available equipment to assist response organizations in equipment selection and procurement. Further, the company's Technical Advisor, Rick Fluck, attended the weeklong SAVER assessment and gives the following observations of the assessment of the Passive Portal:
Rick Fluck reports: "The enhanced Passive Portal's filtering and sensing capabilities, as reported in the Company's last news release, greatly improved the operation of our passive sensors and Passive Portal as a whole. In my observations of the over 500 operational scenario scans during the SAVER assessment, the Passive Portal operated without skipping a beat. These operational scenarios included screening operations in electrically noisy environments to outdoor screening on uneven pavement and in lumpy grassy areas, which simulated the various secure locations where weapons detection is utilized for public safety. The Passive Portal proved that it could handle all these operational scenarios and more, and as the inventor of the passive scanning technology, I am very pleased with Passive Portal's performance. Passive Portal's lightweight portability, strong aluminum construction and the ability to choose either AC or DC power operation, proved to me how quickly and easily it is to deploy the Passive Portal for these various operational scenarios. In summary, the Passive Portal outperformed even my high expectations."
As reported in our last news release, clients using the Passive Portal will be able to download the updated firmware and software with a link provided by the Company through our various client channels, which will include detailed instructions on how to easily update their Passive Portal products. The update only takes a few seconds to install on the Passive Portal.
"I am very pleased to hear about the results observed by our Technical Advisor during the assessment of the Passive Portal at the TSL Test Center in Atlantic City." Eric Forrest, President Passive Security Scan Inc.
$XONI Xtreme One Entertainment Board Approves Strategic Growth Plan, Announces $10 Million Capital Raise to Accelerate Investment in XFC and other Xtreme One Brands
https://www.globenewswire.com/en/news-release/2024/09/03/2939706/0/en/Xtreme-One-Entertainment-Board-Approves-Strategic-Growth-Plan-Announces-10-Million-Capital-Raise-to-Accelerate-Investment-in-XFC-and-other-Xtreme-One-Brands.html
DETROIT, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Xtreme One Entertainment, Inc. (OTCPink: XONI) (the “Company” or “Xtreme One”) today announced that its Board of Directors approved a comprehensive strategic plan to continue investing in the Company’s sports brands and accelerating events under the Xtreme Fighting Championships (XFC) MMA property. The Company also announced the finalization of its Regulation 1-A registration statement (Reg A+ Offering) to raise up to $10 million in equity to fund its accelerating events, operations, and to pursue strategic acquisitions.
Xtreme One also announced the engagement of Chicago-based L J Soldinger Associates, LLC to complete a two-year audit to accompany the Company’s planned filing of a Form 10 registration statement and to qualify for listing on the OTCQB exchange. The move to a fully reporting OTCQB company is anticipated to occur in the fourth quarter of 2024.
“This strategic growth plan reflects the shared vision of our Board to build a premier media and entertainment company centered on MMA and other extreme sports and making the XFC the leading development league in the MMA space,” said Jeff Lambert, Board Chair of Xtreme One. “Growing our organization and growing our profile as a public company go hand in hand, and we have a front-row seat to the insatiable demand by fans and investors alike for live sports events and properties. The uplisting to OTCQB and ultimately NASDAQ has been part of our transformation plan since the beginning, and we know raising the Company’s profile will attract the right investors, improve our liquidity, and open the door for more sports fans, fighters and savvy investors to invest in our success.”
The Company intends to use the capital raised from the Reg A+ Offering for continued investment in the production of live events, which it believes will build the Company’s sports brands and drive long-term shareholder value. Management believes that raising the profile of its brand and events will enhance Xtreme One’s ability to attract key talent and sponsors to drive long-term sustainable growth in revenue and enhance profitability. The use of proceeds also includes pursuing strategic acquisitions, licensing agreements and content, and new media and entertainment properties to compliment its global XFC property and operation.
“This capital infusion will allow us to accelerate our pace of live events, including relaunching our ‘Young Guns’ series focused on developing the next generation of MMA fighters, and reintroducing international XFC events starting in Latin America, the birthplace of MMA and the XFC,” added Chris Defendis, president of Xtreme One. “As we grow and attract rising, top-tier talent from across the globe, we intend to raise the bar for what extreme events can be. The Board and management team are locked in on the game plan for sustainable growth and maximizing shareholder value.”
$RITE - "$RITE CEO will attend the National Investment Bankers Association meeting next week in Ft. Lauderdale. RITE looks to engage investment bankers to facilitate future planned capital raises and to help tell RITE’s story. #MineralRite #RITE #InvestorRelations #OTCMarkets"
$RITE CEO will attend the National Investment Bankers Association meeting next week in Ft. Lauderdale. RITE looks to engage investment bankers to facilitate future planned capital raises and to help tell RITE’s story. #MineralRite #RITE #InvestorRelations #OTCMarkets
— Mineralrite Corporation (@Mineralrite) August 30, 2024
$CBDW - "1606 Corp will be presenting at the NIBA show on Thursday September 5th in Fort Lauderdale."
1606 Corp will be presenting at the NIBA show on Thursday September 5th in Fort Lauderdale.https://t.co/ArDrScyEVf
— CBDW.ai | A Brand by 1606 Corp (@CBDWInc) August 30, 2024
$SSII SS Innovations Issues Update on Status of Audit Process and Trading Market for Common Stock
https://www.globenewswire.com/en/news-release/2024/08/30/2938518/0/en/SS-Innovations-Issues-Update-on-Status-of-Audit-Process-and-Trading-Market-for-Common-Stock.html
FORT LAUDERDALE, Fla., Aug. 30, 2024 (GLOBE NEWSWIRE) -- SS Innovations International, Inc. (the “Company” or “SS Innovations”) (OTC: SSII), developer of innovative surgical robotic technologies dedicated to making world-class robotic surgery affordable and accessible to a global population, today issued an update to its shareholders and the investment community on the status of its audit process and the trading market for its common stock.
As previously reported in its Securities and Exchange Commission (“SEC”) filings, in May 2024, the Securities and Exchange Commission entered an order barring BF Borgers CPA PC (“Borgers”), the Company’s then independent registered public accounting firm, from appearing or practicing before the SEC as an accountant. As a result, Borgers could no longer act as the independent registered public accounting firm for the Company (or several hundred other public companies who had also engaged Borgers). Consequently, the Company terminated the engagement of Borgers and retained BDO India (“BDO”) as its independent registered public accounting firm.
Given the circumstances giving rise to Borgers’ dismissal, the Company asked BDO to re-audit the Company’s financial statements as of and for the years ended December 31, 2023 and December 31, 2022, and contemporaneously therewith undertook an internal review of certain accounting policies and internal controls and procedures.
In the course of this internal review and while BDO is performing the reaudit, the Company determined and reported in an August 14, 2024 Form 8-K filing with the SEC that, among other items, it would restate its audited financial statements for the years ended December 31, 2023 and December 31, 2022 and its interim unaudited financial statements for the quarters ended March 31, 2023, June 30, 2023, September 30, 2023 and March 31, 2024. Please refer to the August 14, 2024 Form 8-K filing for full details.
The Company is working diligently with BDO to complete the audit and the restated financial statements and file the required amendments to its SEC reports. Moreover, as further reported by the Company in its August 14, 2024 Form 8-K filing, the Company’s Form 10-Q Quarterly Report for the quarter ended June 30, 2024 would not be filed on a timely basis.
As the Company was not able to meet the filing deadline, OTC Markets, Inc. moved the Company’s common stock from the OTC Pink Tier of the over-the-counter market to the Expert Market Tier.
The Expert Market is an extremely limited market for OTC companies that are not current in their filing requirements. It is used by broker-dealers to publish quotes from customer limit orders. The public cannot access such quotes, which are only available to broker-dealers. Accordingly, the Expert Market has extremely limited liquidity and we do not believe that the quotations on the Expert Market are reflective of the Company’s market value.
As previously noted, the Company is moving with all diligence to complete the reaudit, filing the necessary amended SEC reports and as soon as practicable, becoming current with its SEC reporting requirements. When it does, the Company’s common stock will be automatically restored to quotation on the OTC Pink Tier of the over-the-counter market and the Company will continue its efforts to complete an uplisting of its common stock.
It is important to note that the unfortunate consequences of the Borgers SEC sanctions in no way have adversely impacted the Company’s operations and growth as disclosed in its SEC reports and press releases. Moreover, as reported in a Form 8-K filing on August 22, 2024, two new independent directors have recently joined SSi’s board of directors – Dr. Frederic H. Moll, a pioneer executive in the surgical robotics field with 30 years of experience who founded and co-founded multiple surgical robotics companies, including Intuitive Surgical, Inc, a world leader in surgical robotics and Timothy P. Adams, a well-known and highly regarded healthcare executive with over 30 years of hospital operations experience.
$SPEV Shorepower Technologies Wins Phase 1 Contract with US Department of Energy
https://www.globenewswire.com/en/news-release/2024/08/30/2938350/0/en/Shorepower-Technologies-Wins-Phase-1-Contract-with-US-Department-of-Energy.html
PORTLAND, Ore., Aug. 30, 2024 (GLOBE NEWSWIRE) -- In June 2024, the U.S. Department of Energy (DOE) announced the 20 teams from 13 states who won Phase 1: Identify! for the Hero Re-X Before Recycling Prize challenge. Shorepower Technologies Inc. (OTC: SPEV) is pleased to announce they are among this winning cohort and now qualify to participate in Phases 2 and 3, which could yield additional awards of up to $650,000 - to demonstrate and develop an innovative electric vehicle (EV) charging technology.
The Phase 1 grant provides support for Shorepower to begin development of a DC fast charger that includes mobile battery energy storage, using repurposed/recycled EV batteries to power the modules. Internally, Shorepower refers to this as DCFC-BEST (DC Fast Charger - Battery Energy Storage Transportable technology). The award represents the company’s first award in the DC Fast Charger space. Shorepower will be working with local communities and college students to develop the DCFC-BEST system, to ultimately provide more affordable and equitable access to EV charging across the US. The opportunity of focus for Shorepower’s project is the existing and exponentially emerging waste stream of used EV batteries. These used batteries don’t have enough capacity remaining for an electric vehicle, but are well suited for the DCFC-BEST.
From the DOE: “By stimulating innovation and private investment in circular economy approaches, the innovations developed through this prize will reduce life cycle energy and emissions, strengthen circular supply chains for emerging clean energy technologies, and decrease the demand for virgin materials…Competing teams will help to unlock new or expanded supply chains that can reintegrate end-of-use products into the economy via reuse, repair, refurbishment, remanufacturing, and/or repurposing (collectively called “Re-X”).”
Shorepower’s CEO Jeff Kim adds, “We plan to make a positive impact by diverting these batteries from landfills and repurposing them for energy storage and fast charging for EV’s. This will be a cost-effective way to provide EV charging solutions for our disadvantaged community partners, fleets, and others wanting the technology. The impact of this Re-X opportunity is expected to greatly redefine the possibilities of DCFC installation costs and logistics - by minimizing impacts to the local grid for power demand, streamlining the utility permitting phase and simplifying deployment of charging stations, and making DCFC charging a viable economic option within disadvantaged communities. Our modular battery-based charging stations could be installed at sites using solar without any grid connection, or with much lower levels of residential power - thus providing an immediate low-cost charging solution in these communities. This technology would be ideal for remote use such as off-grid retreats, entertainment venues and military operations; solar charging could make the system even more resilient. Our momentum in contract grant awards continues. We anticipate further wins in the weeks ahead and have close to $ 1.2 million in grant proposals outstanding across product lines and geographies.”
Read the winner announcement to learn more about the prize and this phase’s winning teams: https://www.energy.gov/eere/ammto/articles/doe-announces-phase-1-winners-re-x-recycling-prize-extend-product-and-part