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INEO's sales pipeline has grown from $20 million annual recurring revenue to now over $40 million annual recurring revenue, based on the potential full contract value with retail chains who have currently installed or committed pilot installations. INEO has active pilots and commitments with large retail chains through its direct sales efforts as well as the Prosegur global distribution partnership channel. These retailers represent a broad spectrum of industries including grocery, apparel, wholesale club, hardware, department store and pharmacy chains.
"INEO is performing better than ever and is on track to exceed our previous quarter's performance with another record high in revenue for Q4-2022," said Kyle Hall, CEO of INEO. "Growth in the fourth quarter is approaching 90% year-over-year despite the increasing interest rates, significant supply chain disruptions, inflationary concerns and other macroeconomic challenges currently affecting other companies around the globe. The Company has not felt any recessionary impacts and is instead experiencing accelerated growth with new pilot systems being installed with new retailers and advertising fill rates increasing with the growth of the INEO Media Network. Furthermore, our ramping revenue and improving gross margins are assisting our cash flow profile and we will continue to control our operating expenses."
INEO continues to show impressive growth as the Company is poised to deliver another quarter of record revenues in Q4-2022 with growth approaching 90% over Q4-2021. The Company is also on track for achieving record financial performance for the full fiscal year and is continuing to execute on its direct sales and channel sales opportunities.
INEO's sales activities are accelerating with the Company's sales pipeline climbing to approximately $40 million in annual recurring revenue.
Based on preliminary results, INEO expects to achieve record revenue for Q4-2022 and for its fiscal year 2022, ending June 30, 2022.
The advertising campaign with Return-It is a result of the partnership previously announced with Western Media Group. Encorp Pacific (Canada), commonly known as Return-It, is a federally incorporated, not-for-profit, product stewardship corporation with beverage container management in British Columbia as its core business. The corporation's mandate is to develop, manage and improve systems to recover used packaging and end-of-life products from consumers and ensure that they are properly recycled and not land-filled or incinerated.
"Retail media networks are taking a large bite out of the digital marketing industry with most major retailers announcing their own online media networks," said Kyle Hall, CEO of INEO. "INEO's in-store retail media network is capitalizing on this shift in advertisement spending by giving advertisers access to the retail customer across both online and in-store channels. By integrating the INEO Welcoming System and the INEO Media Network to retailers' online media networks, INEO is able to deliver marketing to customers as they enter the retail store. A great example is the new Return-It campaign which is now running on the INEO Media Network."
"We are thrilled to be partnering with Return-It and Western Media Group, leading to increasing fill rates for the INEO Media Network," commented Frank Halbach, Managing Director of Media and Advertising for INEO. "Advertisers are choosing to add the INEO Media Network to their advertising mix, providing further validation for the strength of the underlying business model for INEO. As we continue to expand the footprint of the Media Network, we expect to generate increasing revenues throughout the second half of 2022."
INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), the innovative developer and operator of the INEO Media Network, an in-store digital advertising and analytics solution for retailers, is pleased to announce the launch of the largest advertising campaign to date with Western Media Group.
The INEO Welcoming System DUO utilizes the same technology the Company has originally designed for the INEO Welcoming System which allows it to operate in both the Accousto-Magnetic (AM) 58KHz frequency spectrum and the 8.2MHz frequency spectrum. Digital display screens are inherently "noisy" as they cause electromagnetic interference which hinders the detection of loss prevention tags in a retail store; however, INEO has developed technology which allows the EAS loss prevention aspect of the system to still operate effectively with two large digital display screens located within the detection field.
The INEO Welcoming System DUO preserves the same base form factor of the original INEO Welcoming System allowing for visual uniformity within the retail store. The INEO Welcoming System DUO is the same height and width as the standard INEO Welcoming System and is only 2.3 centimeters (1 ¼ inches) thicker. The sleek design is a function of the proprietary technology INEO has developed and patented.
Traditional loss-prevention systems typically consisted of a standalone tag-detection system known as an Electronic Article Surveillance ('EAS') pedestal located at the retailers' front door. EAS systems incorporate security tags or labels which are attached to merchandise and must be removed or deactivated prior to leaving the retail store. INEO's new Welcoming System DUO product builds upon the Company's previous patented combination media display and electronic surveillance pedestal by adding a second LED screen to the EAS system. The INEO Welcoming System DUO is a remarkable product given the complexity in designing and housing an RF security tag system in close proximity to two LED screens without degradation of the RF signal required for the operation of the EAS system.
The Company's recent premier of the new INEO Welcoming System DUO at the NRF Protect 2022 Conference in Cleveland, OH garnered tremendous interest and was a resounding success in landing pilot system installations with several large retail chains.
"The launch of the INEO Welcoming System DUO is a significant milestone for the company, and we are very pleased to file for the patent which will help provide a level of protection against competitors as we continue to expand our footprint globally," said Greg Watkin, Founder and Chairman of INEO. "The combination of two LED screens and an EAS pedestal within one device is a unique invention which required critical design and innovative engineering by INEO's R&D team. We are excited to begin showcasing the INEO Welcoming System DUO and are confident retailers will love the new capabilities of the dual screens integrated within one system."
The patent filing protects the unique form factor, design and materials used in INEO's new dual screen product, branded as the INEO Welcoming System DUO. The INEO Welcoming System DUO is also protected by the Company's original utility patents, already granted in the United States and Canada, and pending in Europe. The INEO Welcoming System DUO, which has one LED screen on each side of the pedestal, is ideal for large retailers who have multiple doors at their front entrances. The bright, bold digital signage on the INEO Welcoming System DUO is easily visible to customers on either side of the pedestal.
INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), the innovative developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, is pleased to announce the Company has filed a design patent, entitled "ELECTRONIC ARTICLE SURVEILLANCE PEDESTAL WITH TWO-SIDED DISPLAY", for the dual screen version of its disruptive Welcoming System.
The INEO Welcoming Network is a revolutionary cloud-based digital advertising and data analytics system, which sends customized advertising to digital screens integrated with theft detection sensor gates at the entrance of retail stores.
INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., provides retailers, advertisers and brands with The INEO Welcoming Network, a patented in-store and online location-based advertising network which enhances the customer experience, monetizes the entrances of retail stores and protects against retail theft.
Float 42,835,095
01/18/2022
Held at DTC 1,048,128
10/17/2022
Unrestricted 57,432,352
10/17/2022
Restricted 2,757,786
10/17/2022
Outstanding Shares
60,190,138 10/17/2022
GLTA see you all tomorrow
My average is 0.0069
XFuels, Inc. (OTC Pink: XFLS) CEO Mike McLaren has elected to convert his convertible promissory note of $1.3 million into 125 million shares of restricted common stock.
This conversion will eliminate $1,468,638 of derivative liability from Xfuels’ balance sheet and enable the company to reinvest a greater percentage of its capital into future growth, as opposed to meeting ongoing debt service obligations.
McLaren stated, “I am fully committed to the long-term success of Xfuels. This transaction further solidifies my belief in our team, our technology, and our prospects for growth in the years ahead."
Upon McLaren’s conversion, Xfuels will have less than $1.5 million is outstanding promissory notes remaining and McLaren will own approximately 25% of Xfuels’ total issued and outstanding common shares.
Should bounce and run before end of year imho
Company doing well and sending updates on twitter even pics … great little company here
Hope so, got some support between 0.0050-0.0070
Holding 900k shares here small time but Ill be here holding
Cant control sellers, but they will jump back in on the way up and make it run easier and faster
Trading has been weird, no strong sellers, only small ticks
Stock shouldnt be trading down here honestly
The third and final business unit under Xfuels is Cycle Energy Technologies. This wholly owned subsidiary provides both R&D and existing technology to enable increased production in the field. Xfuels flagship intellectual property is its mobile Gas To Liquid system. This is used to convert natural gas and other gaseous hydrocarbons into longer-chain hydrocarbons, such as gasoline or diesel fuel. Each of Xfuels three vertically integrated businesses just mentioned -Cycle Oil and Gas, Cycle Energy Services, and Cycle Energy Technologies- all operate in tandem to help Xfuels capture unique opportunities that often go untapped by the company's competitors.
The second business unit under Xfuels is Cycle Energy Services. This wholly owned subsidiary supports Xfuels’ overall exploration and production efforts with "well services" and "end of life reclamation." Cycle Energy Services owns and operates a combination of customized wireline-service rigs and HydroVac units. This equipment allows for faster "rig in" and "rig out" times. Overall, Cycle Energy Services equipment and experience combination reduces the amount of time and fuel burned to complete an abandonment.
The keystone of the Xfuels enterprise is Cycle Oil and Gas. This wholly owned subsidiary focuses on acquiring and optimizing underdeveloped oil and gas assets. It employs both internally developed and third party-licensed technologies to increase production, optimize performance and reduce cost. Cycle Oil and Gas currently produces approximately 110 barrels of oil per day from Canadian properties. It also holds various oil and gas royalty positions and controls several non-operating oil and gas properties.
To date Ray Loveless Enterprises has produced approximately 25,000 barrels from the properties during their ownership and given the locations and well control in the area, Cycle believes that this is only a fraction of the recoverable oil available. Cycle Oil & Gas and Cycle Energy Services are licensed oil and gas producers in the state of Texas.
Mr. Michael McLaren, CEO states: “This acquisition makes the most economical sense for the company & its shareholders as commodity & fuel prices continue to increase. We will be able to keep our rig movements to a minimum and cut diesel usage. Our team in Texas is already working to evaluate these properties and eager to get focused on the project and push these leases to their maximum potential.” Mr. McLaren further states, “As stated before our business strategy of "Acquire, Restore, Produce and Consolidate" fits perfectly with these leases & existing contracts where we can apply our world-class know how and stimulation technologies to maximize the potential of the production.”
Adjacent to the "Ray Loveless" leases are 3 of the "Triple S Gas" leases that Cycle purchased and disclosed on September 29, 2022. The 13 combined leases "RLE & Triple S" fall within a 6 square mile radius that Cycle Oil & Gas will work to develop a workover program to bring nearly 80 shut-in wells back online through the use of their own rigs & licensed technologies. Cycle sees this as a prime opportunity to cut fuel costs & mob times on their service rigs from well to well, while increasing production and lowering lease operating expenses bottom line.
Xfuels Inc. (OTC Pink: XFLS) announces Cycle Oil & Gas has closed its purchase of Ray Loveless Enterprises LLC & R.L. Gathering LLC (RL), of Allen, Texas in an all-cash deal consisting of 10 leases, 106 wells, 10 oil batteries, 3 Acre industrial yard & Shop, & Equipment in Wichita County, TX. Cycle paid $250,000 (Two Hundred and Fifty Thousand) dollars plus a 2.5 % capped ORRI to $325,000 (Three Hundred Twenty-Five Thousand) dollars for a total purchase price of $575,000 (Five Hundred and Seventy-Five Thousand).
The company is currently marketing its Canadian oil and gas properties and when sold will refocus that capital into its US operations.
To date Triple S gas has produced approximately 40,000 barrels from the properties and given the locations and well control in the area Cycle believes that this is only a fraction of the recoverable oil available.
Xfuels Inc. (OTC: XFLS) announces Cycle Oil & Gas has concluded its acquisition of Triple S gas of Dallas, Texas in an all-cash deal for consisting of 7 leases, 54 wells and 6 oil batteries in Wichita and Wilbarger counties.
Cycle paid $320,000 (Three Hundred and Twenty Thousand) dollars plus a 2.5 % capped ORRI to $250,000 (Two Hundred and Fifty Thousand) dollars.
Mr. Michael McLaren, CEO states, “This acquisition signifies our milestone leap into Texas oil and gas production business.” Mr. McLaren further states, “The acquisition will be our cornerstone property to build on, and the company is already in negotiations with synergistic properties.”
AVERAGE VOL (30D)
1,296,372
Float 266,459,134
07/06/2021