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Cybersecurity Innovator World Health Energy Holdings Appoints Dr. August Hanning, Former Director of Germany's Federal Intelligence Service (BND), to Advisory Board
10:00 am ET July 13, 2021 (Globe Newswire) Print
Leading German Government Security Expert Joins as Company Eyes Global Expansion
World Health Energy Holdings, Inc. (OTC PINK: WHEN) ("WHEN Group" or the "Company"), a cybersecurity company with proprietary technologies developed to protect individuals and enterprises from cybersecurity threats, announced today the appointment of Dr. August Hanning, the former director of Germany's Federal Intelligence Service (BND), and state secretary of the German Federal Interior Ministry, to its Advisory Board.
Dr. Hanning joins World Health Energy Holdings, Inc. as the company is expanding commercial availability of its security monitoring solutions for businesses, organizations, and families.
Dr. August Hanning, commenting on joining the WHEN Group Advisory Board, said: "I am excited to join a company whose cutting-edge technology positions it as a leader in developing a new generation of cybersecurity technology. With the constant rise in cyber-attacks and data breaches across the globe, cybersecurity plays a critical role in securing global enterprises and their infrastructure, as well as national governments. I look forward to applying my expertise to drive the Company's global growth and help position WHEN Group as a world leader in cybersecurity."
Dr. August Hanning has over 50 years of experience in top intelligence and security leadership roles. Prior to being appointed as the state secretary of the Federal Interior Ministry in 2005, and president of the German Secret Service, the Bundesnachtrichtendienst (BND), in 1998, Dr. Hanning supervised the intelligence services of the Federal Chancellery, where he served as the director general from 1996. Starting in 1986, Dr. Hanning led the Permanent Mission of the Federal Republic of Germany (West Germany) to the German Democratic Republic (East Germany) in Berlin, where he was responsible for diplomatic relations between the two countries. Dr. Hanning earned his law degree in Munster and Freiburg, Germany, in 1966.
"We are pleased to welcome Dr. August Hanning to WHEN Group's Advisory Board," said WHEN Group President Maj. Gen. (Ret.) Danny Yatom. "As a fellow senior intelligence expert, I am ecstatic that Dr. Hanning accepted our invitation to join the board. His addition further expands our existing skills and experiences, and we are confident he will provide invaluable insight and expertise as we continue to develop our innovative and groundbreaking technology and global strategy."
WHEN Group CEO Giora Rosenzweig said: "With long decades of service in major national security and intelligence positions in Germany, Dr. Hanning is a significant asset to our board. The recent addition of senior global security veterans like Maj. Gen. (ret.) Danny Yatom, president of WHEN Group, and now Dr. Hanning to the company, demonstrates WHEN Group's commitment to expand its expertise and develop the next generation of cybersecurity systems."
Rosenzweig continued: "Recent high profile ransomware attacks (Cybersecurity Ventures predicts that the damage caused by ransomware could cost the worldwide stage $265 billion by 2031) highlight the increase in global cyber threats and costs to businesses and governments, and with the inclusion of Dr. Hanning, WHEN Group is perfectly positioned to directly take on these challenges.
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Renewal Fuels, Inc. (RNWF) Announces Alka Badshah as CEO of the Company
9:00 am ET July 12, 2021 (Accesswire) Print
SEATTLE, WA / ACCESSWIRE / July 12, 2021 / Renewal Fuels, Inc. (OTC PINK:RNWF) (the "Company"), announced today that Alka Badshah has been named the new CEO. As CEO, Alka will oversee various acquisitions, joint ventures, and investments in profitable businesses within psychedelic, cannabis, and hemp industries. Additionally the Company will be offering ancillary support and financial services like capital management services, compliance management, merchant processing, consulting, access to capital markets, and payroll services for these businesses.
Alka Badshah, CEO Renewal Fuels, Inc.
Ms. Badshah is a seasoned executive with 20+ years of experience in emerging technologies. As part of her career at Microsoft as a technology consultant, her clients included Delloitte & Touche, KPMG, Johnson & Johnson, to name a few. After her career at Microsoft, she worked in various roles helping to raise venture capital for first generation and start-up companies. She is committed to improving human well-being through innovative products and a focus on products that benefit healthy lifestyle of customers. Her strengths include her ability to utilize financial instruments while taking calculated risks to build profitable companies. She is an Alumni of Massachusetts Institute of Technology (MIT) with a Master of Science (M.S.) degree, and resides in the Seattle, Washington area.
Regarding her appointment as CEO Ms. Badshah said: "I am proud to join the Renewal Fuels, Inc. as CEO and look forward to building a successful company while increasing shareholder value. I am looking forward to completing several acquisitions to grow the company in new, profitable, and upcoming areas."
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GenTech Holdings, Inc. Provides Mid-Year Update: Multiple Acquisitions, Debt Reduction, Growth Acceleration
9:15 am ET July 12, 2021 (Globe Newswire) Print
GenTech Holdings, Inc. (OTC Pink: GTEH) ("GenTech" or the "Company") (www.gentechholdings.com), an emerging leader in the Functional Foods marketplace (www.sinfitnutrition.com), is pleased to provide current and prospective shareholders with a 2021 Mid-Year Update, highlighting key accomplishments midway through what Company officials believe to be a pivotal year for GenTech.
Management highlights the Company's recent series of four fully completed value-add acquisitions, including Yourganics (www.yourganicsnutrition.com), MPB Snacks (www.mpbsnacks.com), NxtBar (www.nxtbar.com), and Fizzique (www.drinkfizzique.com). The Company is also in the process of closing a fifth, after signing an LOI to acquire Nature Soothie (NatureSoothie.com). The Company expects to close the Nature Soothie acquisition before the end of July.
The Company has also been proactively engaged in balance sheet improvements driven by a combination of cash from operations and mutually beneficial renegotiations.
During the first half of 2021, the Company has settled with multiple convertible noteholders, removing more than $1 million in convertible notes from the balance sheet. This debt reduction initiative will continue throughout 2021. The Company plans to have no outstanding convertible debentures on its books by the end of Q2 2022. At present, only one major convertible noteholder remains outstanding: 'East Capital Investment Corp'. The Company is actively engaged in proactive discussions with this creditor. The Company announced early in 2021 that it had settled an outstanding judgement of $1.09 million from 2017 at that time.
In total, GenTech has proactively reduced total outstanding liabilities by $2 million, or 62%, so far this year, leaving the Company in a significantly strengthened position as management looks forward to explosive growth potential in 2022.
In addition, the Company has begun to see dramatic sales growth in 2021. As of June 30, leaving out the contributions of recent acquisitions and only focusing on the core SINFIT Nutrition segment, total revenues were approximately $300k during the first half of the year. If acquisitions are included, that number, expressed as a semi-annualized run rate, grows to well over $650k. However, significant additional commercialization involving acquired products will roll out over coming months, pushing that run rate substantially higher by year end.
David Lovatt, GenTech CEO, commented, "The Fizzique acquisition is the most important deal in GenTech history. We have already engaged an outsourced beverage specialist to handle all provisioning, manufacturing, and third-party contract packing. We are ordering 4 million cans - 1 million of each of Fizzique's four flavors - in a production run that should be completed in August, ready to ship. Our topline expectation from this tranche of product exceeds $6 million in SINFIT sales."
Lovatt added, "SINFIT Nutrition has also contracted with an expert outsourced sales agency to secure contracts with major retailers, which we believe is a very feasible plan given our understanding of past negotiations involving Fizzique's products - Fizzique is already approved for sale in Walmart stores, for example. We hope that a production run of approximately 4 million cans of Fizzique each quarter by Q1 of 2022 will become 'run-rate business' for the Fizzique brand. That could give us a conservative 2022 Fizzique sales forecast range of $15-20 million."
SINFIT Nutrition currently has post-acquisition cash assets totaling approximately $3 million, leaving the Company well positioned to drive successful commercial execution of all of the opportunities arising from its 2021 acquisitions.
"It's important to place the past six months in a larger context," concluded Lovatt. "Our consolidated revenues for 2019 were virtually nothing, and we did only approximately $250k in 2020. So, the growth we are seeing this year is huge. Once our cash requirements are met - which we expect to be in very short order - we believe the pressure on our shares will lift and it will have an opportunity to price according to the strong fundamentals we have lined up over recent months, and the growth potential they imply for coming quarters. Hence, we see no need at present for a reverse split."
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Image Protect Inc. (IMTL) Announces Official Launch of Prestige Celebrity NFT Marketplace: LegendNFTs
Press Release | 07/09/2021
New York, New York, July 09, 2021 (GLOBE NEWSWIRE) -- Image Protect Inc. (OTC Pink: IMTL) ("Image Protect", "IMTL", or the "Company"), an emerging Media Company, is pleased to announce the official launch of Its Celebrity NFT site as the market continues to boom with NFT offerings from some of the biggest brands in the world.
The site was developed under IMTL’s stock photo site Fotofy in Beta phase and is now a fully operational Marketplace as LegendNFTs with unique high-value celebrity-based offerings, including its recently announced Idris Erba collection.
An NFT is a crypto asset, representing an intangible digital item such as an image, video, or in-game item. Owners of NFTs are recorded on blockchain, allowing an NFT to be traded as a stand-in for the digital asset it represents.
The NFT market has surged to new highs in the second quarter, with $2.5 billion in sales so far this year, up from just $13.7 million in the first half of 2020, marketplace data shows. Sales volumes have remained high after NFTs exploded in popularity early this year. Monthly sales volumes on OpenSea , a major NFT marketplace which is also hosting select NFTs from IMTL’s Legends endeavor and reached a record high in June.
IMTL’s LegendNFTs.io launches alongside top industry endeavors including Fox Network staking its new NFT business unit, Blockchain Creative Labs, with a $100 million creative fund; and Dapper Labs, the company behind NBA Top Shot, raising $305 million with a valuation of $2.6 billion, and several high-profile investors led by Michael Jordan and Kevin Durant. As well, Major League Baseball and Fanatics-owned Candy Digital release of an NFT honoring the Los Angeles Dodgers’ 2020 World Series championship, for example.
IMTL is currently in discussions with several ideal NFT partnership opportunities which will have IMTL earning a royalty from primary sales of assets on the LegendNFTs Marketplace and has already finalized deals with rapper Jim Jones and Toronto based celebrity photographer Gabriel Di Sante to name a few.
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