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$AGYP No change to O/S. Zero Dilution.
$AGYP outlined three crucial reasons for the decision to up-list to a higher exchange:
-- Transparency
Allied thinks that transparency on a recognized exchange will lend itself to greater trust and respect from the investment community. Allied is fortunate to have the Texas Railroad Commission website providing official updates on the Company's lease site and oil well activities, but up-listing to a higher exchange will require audited financials and other mandatory disclosures that will show greater transparency to the investing community.
-- Increased Attraction for Acquisitions
As Allied evolves throughout 2022 the Company desires to position itself in the most attractive way possible for real growth that adds value to the corporate bottom line.
-- Wider Visibility
Allied believes that up-listing to a higher exchange will give the Company more visibility on an international platform. With oil prices continuing to rise we believe there is the potential for more and more investors to look towards the oil and gas sector, and therefore having more visibility around the world can only be viewed as a positive.
$AGYP outlined three crucial reasons for the decision to up-list to a higher exchange:
-- Transparency
Allied thinks that transparency on a recognized exchange will lend itself to greater trust and respect from the investment community. Allied is fortunate to have the Texas Railroad Commission website providing official updates on the Company's lease site and oil well activities, but up-listing to a higher exchange will require audited financials and other mandatory disclosures that will show greater transparency to the investing community.
-- Increased Attraction for Acquisitions
As Allied evolves throughout 2022 the Company desires to position itself in the most attractive way possible for real growth that adds value to the corporate bottom line.
-- Wider Visibility
Allied believes that up-listing to a higher exchange will give the Company more visibility on an international platform. With oil prices continuing to rise we believe there is the potential for more and more investors to look towards the oil and gas sector, and therefore having more visibility around the world can only be viewed as a positive.
$AGYP in a sweet spot loading zone ..
$KYNC KYN Capital Group's Koinfold™ 2.0 in Final Beta; Looks to be Released June 30th, 2022Press Release | 06/09/2022
CARSON CITY, NV, June 09, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – KYN Capital Group (OTC: KYNC) is pleased to announce outstanding progress for Koinfold™ 2.0. The final beta preview passed initial inspection, second hurdle, and now has been overwhelmingly approved by the KYN Capital corporate team. Excitingly, KYN Capital Group expects to be releasing Koinfold™ 2.0 on June 30, 2022.
3rd party transaction integration is next on the agenda with API integration in final stage beta. Whilst we have been knee-deep in development, we have also identified additional new apps that will integrate into Koinfold™ 2.0 that will include fulfillment house transactions, shipping, and payment apps specific to multiple verticals. This additionally spread across multiple platforms.
Koinfold™ 2.0 final beta now shows actual wallet balance, QR and scan capability, news and social integration, authentication security, with update notifications, biometric authentication integration for security, swap features, a public key generator, buy, sell, send, receive crypto and fiat transactions, as well as push authentication notifications.
“At KYN Capital Group, we know the importance of having a great & secure product for our consumers, but also finding new vertical revenue streams that can add value to our shareholders, with insights into our future growth,” declared Rick Wilson, CEO.
About KYN Capital Group, Inc. (KYNC)
KYN Capital Group, Inc. (KYNC), a Nevada Corporation, is a leading holding company dedicated to being at the vanguard of its industry working on acquisitions in the entertainment, blockchain, cryptocurrency and touchless payment verticals. KYNC leverages the expertise of its highly skilled team & developers to create a cohesive force in formulating market and business strategies, ensuring that they remain ahead of the curve to carry the company forward in the marketplace.
Follow KYN Capital Group, Inc. (KYNC) on Twitter @ https://twitter.com/kyncap
Follow https://kyncap.com
Follow Koinfold™ on Twitter
https://www.twitter.com/koinfold
https://www.koinfold.com
https://koinfoldpay.com/
About Pay.How
Pay.How developed by BW Property Management Group(Inc. Magazine’s Best in Business Gold Honoree) is licensed exclusively to KYN Capital Group. Pay.How converges peer-to-peer payments, merchant solutions, real estate, home services, ticketing to events, and ride sharing into a streamlined and rewarding experience. For more information, visit https://pay.how.
Safe Harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Contact:
KYN Capital Group, Inc. (KYNC)
info@kyncap.com
$KYNC KYN Capital Group's Koinfold™ 2.0 in Final Beta; Looks to be Released June 30th, 2022Press Release | 06/09/2022
CARSON CITY, NV, June 09, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – KYN Capital Group (OTC: KYNC) is pleased to announce outstanding progress for Koinfold™ 2.0. The final beta preview passed initial inspection, second hurdle, and now has been overwhelmingly approved by the KYN Capital corporate team. Excitingly, KYN Capital Group expects to be releasing Koinfold™ 2.0 on June 30, 2022.
3rd party transaction integration is next on the agenda with API integration in final stage beta. Whilst we have been knee-deep in development, we have also identified additional new apps that will integrate into Koinfold™ 2.0 that will include fulfillment house transactions, shipping, and payment apps specific to multiple verticals. This additionally spread across multiple platforms.
Koinfold™ 2.0 final beta now shows actual wallet balance, QR and scan capability, news and social integration, authentication security, with update notifications, biometric authentication integration for security, swap features, a public key generator, buy, sell, send, receive crypto and fiat transactions, as well as push authentication notifications.
“At KYN Capital Group, we know the importance of having a great & secure product for our consumers, but also finding new vertical revenue streams that can add value to our shareholders, with insights into our future growth,” declared Rick Wilson, CEO.
About KYN Capital Group, Inc. (KYNC)
KYN Capital Group, Inc. (KYNC), a Nevada Corporation, is a leading holding company dedicated to being at the vanguard of its industry working on acquisitions in the entertainment, blockchain, cryptocurrency and touchless payment verticals. KYNC leverages the expertise of its highly skilled team & developers to create a cohesive force in formulating market and business strategies, ensuring that they remain ahead of the curve to carry the company forward in the marketplace.
Follow KYN Capital Group, Inc. (KYNC) on Twitter @ https://twitter.com/kyncap
Follow https://kyncap.com
Follow Koinfold™ on Twitter
https://www.twitter.com/koinfold
https://www.koinfold.com
https://koinfoldpay.com/
About Pay.How
Pay.How developed by BW Property Management Group(Inc. Magazine’s Best in Business Gold Honoree) is licensed exclusively to KYN Capital Group. Pay.How converges peer-to-peer payments, merchant solutions, real estate, home services, ticketing to events, and ride sharing into a streamlined and rewarding experience. For more information, visit https://pay.how.
Safe Harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Contact:
KYN Capital Group, Inc. (KYNC)
info@kyncap.com
$ATDS Data443 Announces Industry-First Hybrid Classifications Taxonomy at the Gartner Security & Risk Management Summit 2022Press Release | 06/09/2022
Continues Sensitive Data Identification Capabilities and Leadership Across all Cloud Repositories
National Harbor, MD, June 09, 2022 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), the leading data security and privacy software company for ALL THINGS DATA SECURITY, today announced support from the Gartner Security & Risk Management Summit 2022, National Harbor for its data platform Data443® Data Identification Manager Hybrid Classifications Taxonomy.
“We have always led the industry to supply over 900 sensitive data patterns that are unique and highly accurate with extremely low false-positive rates. We have now raised the bar for our competitors with the introduction of Data443® Hybrid Classifications Taxonomy support – the ability to take our rich classification vocabulary and generate substantially more accurate and variable taxonomies that provide more targeted value for the business. Indeed, with our newest release – assuming a reasonable base of 4 sensitive classifications for the enterprise – data engineers can create over 6,247,068,796,584 combinations for data detection. While it is not expected that humans would create this number of patterns themselves, the sheer number of available combinations enables machine learning systems to leverage an incredible library to increase accuracy to another level,” commented Data443 CEO & Founder Jason Remillard.
“We chose the Gartner Security & Risk Management Summit to release this newest capability because it is the best forum to demonstrate sensitive data identification and governance to leading IT professionals in many industry verticals and get immediate feedback on the technology. We have already demonstrated its functionality on the show floor and look forward to reflecting the application across data domains that include migration to Microsoft® OneDrive and SharePoint, Amazon® AWS long-term data repositories, and Google® Compute Engine,” concluded Mr. Remillard.
The Data443® Hybrid Classification support is immediately available for the hundreds of customers of Data443® Identification Manager and Data443® Data Archive Manager. Please see us at Booth #403 at the Gartner Security & Risk Summit 2022 or book a demonstration online at: https://data443.com/data-identification-manager/
About the Gartner Security & Risk Management Summit
The Gartner Security & Risk Management Summit provides research and advice for security and risk management leaders on topics including business continuity management, cloud security, privacy, securing the Internet of Things (IoT), and the chief information security officer (CISO) role. Gartner analysts will present the latest information on new threats to prepare leaders for enabling digital business in a world of escalating risk.
About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTC: ATDS) is an industry leader in All Things Data Security, providing software and services to enable secure data across local devices, networks, cloud, and databases, at rest and in flight. With over 10,000 customers in over 100 countries, Data443 provides a modern approach to data governance and security by identifying and protecting all sensitive data regardless of location, platform, or format. Our industry-leading framework helps customers prioritize risk, identify security gaps, and implement overall data protection and privacy management strategies.
For more information, please visit https://www.data443.com
To learn more about Data443, please watch our video introduction on our YouTube channel:
$ATDS Data443 Announces Industry-First Hybrid Classifications Taxonomy at the Gartner Security & Risk Management Summit 2022Press Release | 06/09/2022
Continues Sensitive Data Identification Capabilities and Leadership Across all Cloud Repositories
National Harbor, MD, June 09, 2022 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), the leading data security and privacy software company for ALL THINGS DATA SECURITY, today announced support from the Gartner Security & Risk Management Summit 2022, National Harbor for its data platform Data443® Data Identification Manager Hybrid Classifications Taxonomy.
“We have always led the industry to supply over 900 sensitive data patterns that are unique and highly accurate with extremely low false-positive rates. We have now raised the bar for our competitors with the introduction of Data443® Hybrid Classifications Taxonomy support – the ability to take our rich classification vocabulary and generate substantially more accurate and variable taxonomies that provide more targeted value for the business. Indeed, with our newest release – assuming a reasonable base of 4 sensitive classifications for the enterprise – data engineers can create over 6,247,068,796,584 combinations for data detection. While it is not expected that humans would create this number of patterns themselves, the sheer number of available combinations enables machine learning systems to leverage an incredible library to increase accuracy to another level,” commented Data443 CEO & Founder Jason Remillard.
“We chose the Gartner Security & Risk Management Summit to release this newest capability because it is the best forum to demonstrate sensitive data identification and governance to leading IT professionals in many industry verticals and get immediate feedback on the technology. We have already demonstrated its functionality on the show floor and look forward to reflecting the application across data domains that include migration to Microsoft® OneDrive and SharePoint, Amazon® AWS long-term data repositories, and Google® Compute Engine,” concluded Mr. Remillard.
The Data443® Hybrid Classification support is immediately available for the hundreds of customers of Data443® Identification Manager and Data443® Data Archive Manager. Please see us at Booth #403 at the Gartner Security & Risk Summit 2022 or book a demonstration online at: https://data443.com/data-identification-manager/
About the Gartner Security & Risk Management Summit
The Gartner Security & Risk Management Summit provides research and advice for security and risk management leaders on topics including business continuity management, cloud security, privacy, securing the Internet of Things (IoT), and the chief information security officer (CISO) role. Gartner analysts will present the latest information on new threats to prepare leaders for enabling digital business in a world of escalating risk.
About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTC: ATDS) is an industry leader in All Things Data Security, providing software and services to enable secure data across local devices, networks, cloud, and databases, at rest and in flight. With over 10,000 customers in over 100 countries, Data443 provides a modern approach to data governance and security by identifying and protecting all sensitive data regardless of location, platform, or format. Our industry-leading framework helps customers prioritize risk, identify security gaps, and implement overall data protection and privacy management strategies.
For more information, please visit https://www.data443.com
To learn more about Data443, please watch our video introduction on our YouTube channel:
$BNKL BIONIK Laboratories Reports Fourth Quarter and Fiscal Year 2022 Financial ResultsPress Release | 06/09/2022
BIONIK Laboratories Corp. (OTCPink: BNKL), a robotics company focused on providing rehabilitation and assistive technology solutions to individuals with neurological and mobility challenges from hospital to home, today reported financial results for the fourth quarter and fiscal year 2022, ended March 31, 2022.
Fourth Quarter FY 2022 and Recent Highlights
BIONIK’s sales pipeline remains among the highest levels in corporate history.
New patient outcomes data reflecting a 15-20% increase in therapeutic gains on InMotion Robotic devices over a 14-day timeframe was reported. The Company continues to work with Bitstrapped on advancing machine learning and predictability outcomes further into Bionik’s technology.
Revenue was $1.3 million for the fiscal year ended March 31, 2022, an increase of 7%, reflecting the shipment of nine units and higher subscription sales for the InMotion Connect Pulse solutions that were first introduced in June 2020.
Revenue was $0.2 million for the fourth quarter of fiscal 2022 compared to $0.5 million for the fourth quarter of fiscal 2021, a decrease of 59%, primarily due to lower units sold in the current period as a result of lengthened delivery schedules from the lingering impact of supply chain issues and the Covid pandemic.
On a GAAP basis, total operating expenses increased 18% to $1.5 million, primarily due to increased investments in sales and marketing partially offset by a decrease in general and administrative expenses.
On a Non-GAAP basis, the net loss was $1.6 million, or $(0.28) per diluted share, for the fourth quarter of fiscal 2022, compared to a net loss of $0.9 million, or $(0.17) per diluted share, for the fourth quarter of fiscal 2021.
Cash and equivalents totaled $2.0 million and there was no short or long-term debt on BIONIK’s balance sheet at March 31, 2022.
Rich Russo, Chief Financial Officer and Interim Chief Executive Officer, commented, “Revenues increased 7% to $1.3 million for the fiscal year, despite the impact of the Covid-19 pandemic on our business. During the year we shipped nine units and grew our sales pipeline to its highest levels. We also made significant investments in our marketing and branding initiatives as well as continued to advance our data strategy with advancements in our machine learning and predictability modeling. In the fourth quarter we continued to focus on growing our sales pipeline and containing costs, as we work to convert our pipeline to revenue.”
Fourth Quarter FY 2022 Financial Results
Total revenues for the fourth quarter were $0.2 million compared with $0.5 million in the fourth quarter of fiscal 2021. One unit was sold in the current fourth quarter 2022 period compared to three units sold in the year ago period.
Gross profit was $0.1 million, a decrease of 60% from $0.3 million in the fourth quarter of last year. The gross margin was 69% compared to 72% in the prior year period.
Total operating expenses were $1.5 million, an increase of 18%, compared to $1.3 million in the fourth quarter of fiscal 2021. Sales and marketing expenses increased by 159% to $0.6 million for the 2022 period, due to larger investments in commercial and marketing initiatives to grow the Company’s sales pipeline. General and administrative expenses decreased by 27% to $0.6 million for the fiscal 2022 fourth quarter compared to $0.8 million for the fiscal 2021 fourth quarter. The decrease was due to lower personnel related expenses and professional fees.
The net loss was $1.7 million, or ($0.29) per diluted share, compared to a net loss of $1.0 million, or ($0.20) per diluted share, in the same period for fiscal 2021. Weighted average basic and diluted shares outstanding were 5,853,048 and 5,133,269 for the fourth quarter of fiscal year 2022 and 2021, respectively.
On a non-GAAP basis, excluding share-based compensation expense, the costs associated with the impairment and amortization of intangibles, and foreign exchange measurement losses, the fourth quarter net loss was $1.6 million, or ($0.28) per diluted share, compared with a net loss of $0.9 million, or ($0.17) per diluted share, in the same period for fiscal 2021.
Twelve Months FY 2022 Financial Results
Total revenues for the year ended March 31, 2022 increased by 7%, to $1.3 million, compared to revenues of $1.2 million for the year ended March 31, 2021. Nine units were shipped in the twelve months ended March 31, 2022, compared to seven units in fiscal year 2021. Subscription sales for the InMotion Connect Pulse solutions more than doubled after first being introduced in June 2020.
Gross profit for fiscal 2022 increased 3% to $1.0 million. The increase was primarily due to selling more units in FY 2022 compared to FY 2021. The gross margin was 75% compared to 77% in the same period last fiscal year. Total operating expenses, excluding charges for the impairment of goodwill and intangible assets, decreased by $1.3 million, or 19%, to $5.7 million.
The net loss was $10.4 million, or ($1.78) per diluted share, compared to a net loss of $13.6 million, or ($2.66) per diluted share, for fiscal 2021. The net loss includes charges for the impairment of goodwill and intangible assets of $5.2 million for fiscal year 2022 and $7.2 million for fiscal year 2021. On a non-GAAP basis, excluding share-based compensation expense, costs associated with the impairment and amortization of intangibles, extinguishment of debt and foreign exchange measurement losses, the fiscal year 2022 net loss was $5.2 million, or ($0.89) per diluted share, compared with a net loss of $5.4 million, or ($1.06) per diluted share, for fiscal year 2021.
About BIONIK Laboratories Corp.
BIONIK Laboratories is a robotics company focused on providing rehabilitation and mobility solutions to individuals with neurological and mobility challenges from hospital to home. The Company has a portfolio of products focused on upper and lower extremity rehabilitation for stroke and other mobility-impaired patients, including three products on the market and three products in varying stages of development.
For more information, please visit www.BIONIKlabs.com and connect with us on Twitter, LinkedIn, and Facebook.
Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "should," "would," "will," "could," "scheduled," "expect," "anticipate," "estimate," “possible,” "believe," "intend," "seek," or "project" or the negative of these words or other variations on these words or comparable terminology.
Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the design, development and commercialization of robotic rehabilitation products and other Company products, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, pipeline of potential sales, capital structure or other financial items, (iii) the Company's future financial performance, (iv) the market and projected market for our existing and planned products and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii) or (iv) above.
Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances, and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions, and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward- looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain additional financing, the inability to meet listing standards to uplist to a national stock exchange, the significant length of time and resources associated with the development and sales of our products and related insufficient cash flows and resulting illiquidity, the impact on the Company’s business as a result of the Covid-19 pandemic, the Company’s continued going concern qualification, the Company's inability to expand the Company's business, significant government regulation of medical devices and the healthcare industry, lack of product diversification, volatility in the price of the Company's raw materials, and the Company's failure to implement the Company's business plans or strategies. These and other factors are identified and described in more detail in the Company's filings with the SEC. The Company does not undertake to update these forward-looking statements.
BIONIK Laboratories Corp.
Condensed Consolidated Balance Sheets
(Amounts expressed in US Dollars)
March 31,
2022
March 31,
2021
(Audited)
(Audited)
Assets
Current assets:
Cash and cash equivalents
$ 1,991,377
$ 608,348
Accounts receivable
274,844
451,905
Prepaid expenses and other current assets
1,127,362
1,680,557
Inventories
1,191,020
692,163
Total current assets
4,584,603
3,432,973
Equipment, net
91,234
93,577
Intangible assets, net
-
976,551
Goodwill
-
4,282,984
Total assets
$ 4,675,837
$ 8,786,085
Liabilities and stockholders' equity
Current liabilities:
Accounts payable
$ 305,095
$ 454,809
Accrued liabilities
873,030
760,026
PPP loan
-
459,912
Convertible notes
-
-
Demand loans, current portion
-
2,152,334
Current portion of deferred revenue
313,854
268,083
Total current liabilities
1,491,979
4,095,164
Demand loans, net of current portion
-
1,105,974
Deferred revenue, net of current portion
256,646
303,917
Total liabilities
1,748,625
5,505,055
Total stockholders’ equity
2,927,212
3,281,030
Total liabilities and stockholders’ equity
$ 4,675,837
$ 8,786,085
BIONIK Laboratories Corp.
Condensed Consolidated Statements of Operations
(Audited)
(Amounts expressed in U.S. Dollars)
Three months ended March 31,
Year ended March 31,
2022
2021
2022
2021
Revenues, net
$ 191,262
$ 462,732
$ 1,273,712
$ 1,193,430
Cost of revenues
58,631
127,449
320,454
269,632
Gross Profit
132,631
335,283
953,258
923,798
Operating expenses
Sales and marketing
585,019
226,199
1,920,749
1,025,404
Research and development
364,369
280,271
998,516
1,544,918
General and administrative
584,540
795,563
2,806,584
4,508,748
Impairment of goodwill and intangible assets
-
-
5,200,608
7,182,053
Total operating expenses
1,533,928
1,302,033
10,926,457
14,261,123
Loss from operations
(1,401,297)
(966,750)
(9,973,199)
(13,337,325)
Interest expense, net
248,633
139,713
825,209
405,279
Other expense (income), net
55,318
(71,586)
(390,414)
(122,147)
Total other expense
303,951
68,127
434,795
283,132
Net loss
$ (1,705,248)
$ (1,034,877)
$ (10,407,994)
$ (13,620,457)
Loss per share - basic and diluted
$ (0.29)
$ (0.20)
$ (1.78)
$ (2.66)
Weighted average number of shares outstanding – basic and diluted
5,853,048
5,133,269
5,844,006
5,128,421
To supplement our consolidated financial statements presented in accordance with GAAP, BIONIK uses non-GAAP loss from operations, non-GAAP net loss and non-GAAP diluted net loss per share. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. The non-GAAP financial measures included in this press release exclude costs associated with the amortization of intangible assets acquired, share-based compensation expense, extinguishment of existing debt, as well as unrealized foreign exchange gains or losses for the year ended March 31, 2022, and 2021. This exclusion may be different from, and therefore not comparable to, similar measures used by other companies.
BIONIK’s management believes that the non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding amortization, impairment and foreign exchange costs that may not be indicative of our core business operating results. BIONIK believes that both management and investors benefit from referring to the non-GAAP financial measures in assessing BIONIK’s performance and when planning, forecasting and analyzing future periods. BIONIK also believes that the non-GAAP measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in our financial and operational decision making. The non-GAAP Financial measures also facilitate management’s internal comparisons to BIONIK’s historical performance and our competitors’ operating results.
Reconciliation of GAAP Income Statement Measures to Non-GAAP Income Statement Measures (Unaudited)
Three Months Ended
March 31,
Year Ended
March 31,
2022
2021
2022
2021
Loss from operations
$
$ (1,401,297)
$
(966,750
)
$
(9,973,199
)
$
(13,337,325)
Non-GAAP adjustments to loss from operations:
Share-based compensation expense
65,361
100,166
384,365
819,213
Costs associated with impairment of intangibles
-
-
5,200,608
7,182,053
Costs associated with amortization of intangibles
-
23,580
58,927
94,321
Extinguishment of debt
-
-
(459,912
)
-
Total Non-GAAP adjustments to loss from operations
65,361
123,746
5,183,988
8,095,587
Non-GAAP loss from operations
$
(1,335,936)
$
(843,004
)
$
(4,789,211)
$
(5,241,738)
Three Months Ended
March 31,
Year Ended
March 31,
2022
2021
2022
2021
Net loss
$
(1,705,248
)
$
(1,034,877)
$
(10,407,994)
$
(13,620,457
)
Non-GAAP adjustments to net loss:
Share based compensation expense
65,361
100,166
384,365
819,213
Costs associated with impairment of intangibles
-
-
5,200,608
7,182,053
Costs associated with amortization of intangibles
-
23,580
58,927
94,321
Extinguishment of debt
-
-
(459,912)
-
Foreign exchange loss
2,544
33,988
19,107
77,231
Total Non-GAAP adjustments to net loss
67,905
157,734
5,203,095
8,172,818
Non-GAAP net loss
$
(1,637,343
)
$
(877,143)
$
(5,204,899)
$
(5,447,639
)
Three Months Ended
March 31,
Year Ended
March 31,
2022
2021
2022
2021
Diluted net loss per share
$
(0.29
)
$
(0.20
)
$
(1.78
)
$
(2.66
)
Share-based compensation expense
0.01
0.02
0.07
0.16
Costs associated with impairment of intangibles
0.00
0.00
0.89
1.40
Costs associated with amortization of intangibles
0.00
0.00
0.01
0.02
Extinguishment of debt
0.00
0.00
(0.08
)
0.00
Foreign exchange loss
0.00
0.01
0.00
0.02
Total Non-GAAP adjustments to net loss
0.01
0.03
0.89
1.60
Non-GAAP diluted net loss per share
$
(0.28
)
$
(0.17
)
$
(0.89
)
$
(1.06
)
Weighted average shares used to compute GAAP diluted net loss per share
5,853,048
5,133,269
5,844,006
5,128,421
Weighted average shares used to compute Non-GAAP diluted net loss per share
5,853,048
5,133,269
5,844,006
5,128,421
View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005354/en/
$BNKL BIONIK Laboratories Reports Fourth Quarter and Fiscal Year 2022 Financial ResultsPress Release | 06/09/2022
BIONIK Laboratories Corp. (OTCPink: BNKL), a robotics company focused on providing rehabilitation and assistive technology solutions to individuals with neurological and mobility challenges from hospital to home, today reported financial results for the fourth quarter and fiscal year 2022, ended March 31, 2022.
Fourth Quarter FY 2022 and Recent Highlights
BIONIK’s sales pipeline remains among the highest levels in corporate history.
New patient outcomes data reflecting a 15-20% increase in therapeutic gains on InMotion Robotic devices over a 14-day timeframe was reported. The Company continues to work with Bitstrapped on advancing machine learning and predictability outcomes further into Bionik’s technology.
Revenue was $1.3 million for the fiscal year ended March 31, 2022, an increase of 7%, reflecting the shipment of nine units and higher subscription sales for the InMotion Connect Pulse solutions that were first introduced in June 2020.
Revenue was $0.2 million for the fourth quarter of fiscal 2022 compared to $0.5 million for the fourth quarter of fiscal 2021, a decrease of 59%, primarily due to lower units sold in the current period as a result of lengthened delivery schedules from the lingering impact of supply chain issues and the Covid pandemic.
On a GAAP basis, total operating expenses increased 18% to $1.5 million, primarily due to increased investments in sales and marketing partially offset by a decrease in general and administrative expenses.
On a Non-GAAP basis, the net loss was $1.6 million, or $(0.28) per diluted share, for the fourth quarter of fiscal 2022, compared to a net loss of $0.9 million, or $(0.17) per diluted share, for the fourth quarter of fiscal 2021.
Cash and equivalents totaled $2.0 million and there was no short or long-term debt on BIONIK’s balance sheet at March 31, 2022.
Rich Russo, Chief Financial Officer and Interim Chief Executive Officer, commented, “Revenues increased 7% to $1.3 million for the fiscal year, despite the impact of the Covid-19 pandemic on our business. During the year we shipped nine units and grew our sales pipeline to its highest levels. We also made significant investments in our marketing and branding initiatives as well as continued to advance our data strategy with advancements in our machine learning and predictability modeling. In the fourth quarter we continued to focus on growing our sales pipeline and containing costs, as we work to convert our pipeline to revenue.”
Fourth Quarter FY 2022 Financial Results
Total revenues for the fourth quarter were $0.2 million compared with $0.5 million in the fourth quarter of fiscal 2021. One unit was sold in the current fourth quarter 2022 period compared to three units sold in the year ago period.
Gross profit was $0.1 million, a decrease of 60% from $0.3 million in the fourth quarter of last year. The gross margin was 69% compared to 72% in the prior year period.
Total operating expenses were $1.5 million, an increase of 18%, compared to $1.3 million in the fourth quarter of fiscal 2021. Sales and marketing expenses increased by 159% to $0.6 million for the 2022 period, due to larger investments in commercial and marketing initiatives to grow the Company’s sales pipeline. General and administrative expenses decreased by 27% to $0.6 million for the fiscal 2022 fourth quarter compared to $0.8 million for the fiscal 2021 fourth quarter. The decrease was due to lower personnel related expenses and professional fees.
The net loss was $1.7 million, or ($0.29) per diluted share, compared to a net loss of $1.0 million, or ($0.20) per diluted share, in the same period for fiscal 2021. Weighted average basic and diluted shares outstanding were 5,853,048 and 5,133,269 for the fourth quarter of fiscal year 2022 and 2021, respectively.
On a non-GAAP basis, excluding share-based compensation expense, the costs associated with the impairment and amortization of intangibles, and foreign exchange measurement losses, the fourth quarter net loss was $1.6 million, or ($0.28) per diluted share, compared with a net loss of $0.9 million, or ($0.17) per diluted share, in the same period for fiscal 2021.
Twelve Months FY 2022 Financial Results
Total revenues for the year ended March 31, 2022 increased by 7%, to $1.3 million, compared to revenues of $1.2 million for the year ended March 31, 2021. Nine units were shipped in the twelve months ended March 31, 2022, compared to seven units in fiscal year 2021. Subscription sales for the InMotion Connect Pulse solutions more than doubled after first being introduced in June 2020.
Gross profit for fiscal 2022 increased 3% to $1.0 million. The increase was primarily due to selling more units in FY 2022 compared to FY 2021. The gross margin was 75% compared to 77% in the same period last fiscal year. Total operating expenses, excluding charges for the impairment of goodwill and intangible assets, decreased by $1.3 million, or 19%, to $5.7 million.
The net loss was $10.4 million, or ($1.78) per diluted share, compared to a net loss of $13.6 million, or ($2.66) per diluted share, for fiscal 2021. The net loss includes charges for the impairment of goodwill and intangible assets of $5.2 million for fiscal year 2022 and $7.2 million for fiscal year 2021. On a non-GAAP basis, excluding share-based compensation expense, costs associated with the impairment and amortization of intangibles, extinguishment of debt and foreign exchange measurement losses, the fiscal year 2022 net loss was $5.2 million, or ($0.89) per diluted share, compared with a net loss of $5.4 million, or ($1.06) per diluted share, for fiscal year 2021.
About BIONIK Laboratories Corp.
BIONIK Laboratories is a robotics company focused on providing rehabilitation and mobility solutions to individuals with neurological and mobility challenges from hospital to home. The Company has a portfolio of products focused on upper and lower extremity rehabilitation for stroke and other mobility-impaired patients, including three products on the market and three products in varying stages of development.
For more information, please visit www.BIONIKlabs.com and connect with us on Twitter, LinkedIn, and Facebook.
Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "should," "would," "will," "could," "scheduled," "expect," "anticipate," "estimate," “possible,” "believe," "intend," "seek," or "project" or the negative of these words or other variations on these words or comparable terminology.
Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the design, development and commercialization of robotic rehabilitation products and other Company products, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, pipeline of potential sales, capital structure or other financial items, (iii) the Company's future financial performance, (iv) the market and projected market for our existing and planned products and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii) or (iv) above.
Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances, and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions, and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward- looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company's inability to obtain additional financing, the inability to meet listing standards to uplist to a national stock exchange, the significant length of time and resources associated with the development and sales of our products and related insufficient cash flows and resulting illiquidity, the impact on the Company’s business as a result of the Covid-19 pandemic, the Company’s continued going concern qualification, the Company's inability to expand the Company's business, significant government regulation of medical devices and the healthcare industry, lack of product diversification, volatility in the price of the Company's raw materials, and the Company's failure to implement the Company's business plans or strategies. These and other factors are identified and described in more detail in the Company's filings with the SEC. The Company does not undertake to update these forward-looking statements.
BIONIK Laboratories Corp.
Condensed Consolidated Balance Sheets
(Amounts expressed in US Dollars)
March 31,
2022
March 31,
2021
(Audited)
(Audited)
Assets
Current assets:
Cash and cash equivalents
$ 1,991,377
$ 608,348
Accounts receivable
274,844
451,905
Prepaid expenses and other current assets
1,127,362
1,680,557
Inventories
1,191,020
692,163
Total current assets
4,584,603
3,432,973
Equipment, net
91,234
93,577
Intangible assets, net
-
976,551
Goodwill
-
4,282,984
Total assets
$ 4,675,837
$ 8,786,085
Liabilities and stockholders' equity
Current liabilities:
Accounts payable
$ 305,095
$ 454,809
Accrued liabilities
873,030
760,026
PPP loan
-
459,912
Convertible notes
-
-
Demand loans, current portion
-
2,152,334
Current portion of deferred revenue
313,854
268,083
Total current liabilities
1,491,979
4,095,164
Demand loans, net of current portion
-
1,105,974
Deferred revenue, net of current portion
256,646
303,917
Total liabilities
1,748,625
5,505,055
Total stockholders’ equity
2,927,212
3,281,030
Total liabilities and stockholders’ equity
$ 4,675,837
$ 8,786,085
BIONIK Laboratories Corp.
Condensed Consolidated Statements of Operations
(Audited)
(Amounts expressed in U.S. Dollars)
Three months ended March 31,
Year ended March 31,
2022
2021
2022
2021
Revenues, net
$ 191,262
$ 462,732
$ 1,273,712
$ 1,193,430
Cost of revenues
58,631
127,449
320,454
269,632
Gross Profit
132,631
335,283
953,258
923,798
Operating expenses
Sales and marketing
585,019
226,199
1,920,749
1,025,404
Research and development
364,369
280,271
998,516
1,544,918
General and administrative
584,540
795,563
2,806,584
4,508,748
Impairment of goodwill and intangible assets
-
-
5,200,608
7,182,053
Total operating expenses
1,533,928
1,302,033
10,926,457
14,261,123
Loss from operations
(1,401,297)
(966,750)
(9,973,199)
(13,337,325)
Interest expense, net
248,633
139,713
825,209
405,279
Other expense (income), net
55,318
(71,586)
(390,414)
(122,147)
Total other expense
303,951
68,127
434,795
283,132
Net loss
$ (1,705,248)
$ (1,034,877)
$ (10,407,994)
$ (13,620,457)
Loss per share - basic and diluted
$ (0.29)
$ (0.20)
$ (1.78)
$ (2.66)
Weighted average number of shares outstanding – basic and diluted
5,853,048
5,133,269
5,844,006
5,128,421
To supplement our consolidated financial statements presented in accordance with GAAP, BIONIK uses non-GAAP loss from operations, non-GAAP net loss and non-GAAP diluted net loss per share. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. The non-GAAP financial measures included in this press release exclude costs associated with the amortization of intangible assets acquired, share-based compensation expense, extinguishment of existing debt, as well as unrealized foreign exchange gains or losses for the year ended March 31, 2022, and 2021. This exclusion may be different from, and therefore not comparable to, similar measures used by other companies.
BIONIK’s management believes that the non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding amortization, impairment and foreign exchange costs that may not be indicative of our core business operating results. BIONIK believes that both management and investors benefit from referring to the non-GAAP financial measures in assessing BIONIK’s performance and when planning, forecasting and analyzing future periods. BIONIK also believes that the non-GAAP measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in our financial and operational decision making. The non-GAAP Financial measures also facilitate management’s internal comparisons to BIONIK’s historical performance and our competitors’ operating results.
Reconciliation of GAAP Income Statement Measures to Non-GAAP Income Statement Measures (Unaudited)
Three Months Ended
March 31,
Year Ended
March 31,
2022
2021
2022
2021
Loss from operations
$
$ (1,401,297)
$
(966,750
)
$
(9,973,199
)
$
(13,337,325)
Non-GAAP adjustments to loss from operations:
Share-based compensation expense
65,361
100,166
384,365
819,213
Costs associated with impairment of intangibles
-
-
5,200,608
7,182,053
Costs associated with amortization of intangibles
-
23,580
58,927
94,321
Extinguishment of debt
-
-
(459,912
)
-
Total Non-GAAP adjustments to loss from operations
65,361
123,746
5,183,988
8,095,587
Non-GAAP loss from operations
$
(1,335,936)
$
(843,004
)
$
(4,789,211)
$
(5,241,738)
Three Months Ended
March 31,
Year Ended
March 31,
2022
2021
2022
2021
Net loss
$
(1,705,248
)
$
(1,034,877)
$
(10,407,994)
$
(13,620,457
)
Non-GAAP adjustments to net loss:
Share based compensation expense
65,361
100,166
384,365
819,213
Costs associated with impairment of intangibles
-
-
5,200,608
7,182,053
Costs associated with amortization of intangibles
-
23,580
58,927
94,321
Extinguishment of debt
-
-
(459,912)
-
Foreign exchange loss
2,544
33,988
19,107
77,231
Total Non-GAAP adjustments to net loss
67,905
157,734
5,203,095
8,172,818
Non-GAAP net loss
$
(1,637,343
)
$
(877,143)
$
(5,204,899)
$
(5,447,639
)
Three Months Ended
March 31,
Year Ended
March 31,
2022
2021
2022
2021
Diluted net loss per share
$
(0.29
)
$
(0.20
)
$
(1.78
)
$
(2.66
)
Share-based compensation expense
0.01
0.02
0.07
0.16
Costs associated with impairment of intangibles
0.00
0.00
0.89
1.40
Costs associated with amortization of intangibles
0.00
0.00
0.01
0.02
Extinguishment of debt
0.00
0.00
(0.08
)
0.00
Foreign exchange loss
0.00
0.01
0.00
0.02
Total Non-GAAP adjustments to net loss
0.01
0.03
0.89
1.60
Non-GAAP diluted net loss per share
$
(0.28
)
$
(0.17
)
$
(0.89
)
$
(1.06
)
Weighted average shares used to compute GAAP diluted net loss per share
5,853,048
5,133,269
5,844,006
5,128,421
Weighted average shares used to compute Non-GAAP diluted net loss per share
5,853,048
5,133,269
5,844,006
5,128,421
View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005354/en/
$UBQU Ubiquitech Software Corporation Announces New Live Website and CBD Product Line for Cannazall(TM)Press Release | 06/09/2022
DENVER, CO / ACCESSWIRE / June 9, 2022 / Ubiquitech Software Corp. (OTC PINK:UBQU), through its operating subsidiary CannazALL™, is pleased to announce that its new Cannazall.com website with over 35 new CBD products is live and taking orders.
Ubiquitech Software Corp., Thursday, June 9, 2022, Press release picture
The new Website features over 35 new and CannazALL™ CBD products, that include CBD, CBG, and CBN, as well as other important adaptogens and proprietary blends that bring the CannazALL™ product line to a new level. In addition, all CannazALL™ products are derived from quality Colorado hemp and are manufactured in the state of Colorado.
CEO James Ballas states "We have a tremendous amount of time and resources committed to our new site and product line. No one can look at the new site and have any doubt about our plans for growth. With over thirty-five new products, and growing, we are changing the trajectory of the Company and looking to grow at rates that we have never experienced in our history. We know that this has taken longer than we expected but we believe the results will show that the extra time to get every product right, the robust site and shopping cart, third party testing, new branding, and everything else we have done, will prove to be the right move for the Company."
The new CannazALL™ website also has many features that make it more user friendly and informative, as well as multiple ways for customers to checkout and pay.
The Company recorded over 100,000 visitors to Cannazall.com in the last 30 days, and with current traffic growth, projects over 150,000 visitors per month within the next 90 days.
James Ballas adds "As CEO of the Company, and being a very health-conscious person, nothing is more important to me than the quality and effectiveness of our CannazALL™ products. I believe that our great products and pricing, our lightning-fast shipping, our customer support, and our focus on excellence, will all work to grow the Company as more and more of our customers share the CannazALL™ CBD brand with others. Now that the new site and product line is up there will be regular news about our plans moving forward."
We encourage shareholders to visit our official Twitter account for regular updates on the Company, its CannazALL™ product line, and other news: www.twitter.com/CorporateUbqu
About Ubiquitech Software Corp
Ubiquitech Software Corp, through its subsidiary CannzALL.com seeks to be a leader in the hemp CBD health industry and utilizes its state-of-the-art global internet marketing, Direct Response (DRTV) Television, Radio, Internet Content, SEO, and traditional marketing to drive traffic to the CannzALL.com Website to succeed in this multi-billion-dollar industry.
About CannazALL™
CannazALL™ CBD products have been offered via online sales since December 2014. The CannazALL CBD brand was one of the first in the industry to offer domestically grown and formulated CBD products on a national level with the CannazALL™ brand being recognized in 2017 by Forbes online as one of the Top 5 CBD Companies operating. CannazALL™ continues to perfect its CBD products, grow its proprietary CBD line, and expand its sales of its Colorado grown and formulated CBD products in all available markets. Currently CannazALL™ offers CBD Tinctures, Gummies, SoftGels, Topicals, and Pet Products @ www.Cannazall.com
Safe Harbor
Safe Harbor Provision Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties, and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review GD Entertainment and Technology annual and quarterly financials for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state.
Contact / Investor relations
IR@UbiquitechSoftwareCorp.com
SOURCE: Ubiquitech Software Corp.
View source version on accesswire.com:
https://www.accesswire.com/704373/Ubiquitech-Software-Corporation-Announces-New-Live-Website-and-CBD-Product-Line-for-CannazallTM
$UBQU Ubiquitech Software Corporation Announces New Live Website and CBD Product Line for Cannazall(TM)Press Release | 06/09/2022
DENVER, CO / ACCESSWIRE / June 9, 2022 / Ubiquitech Software Corp. (OTC PINK:UBQU), through its operating subsidiary CannazALL™, is pleased to announce that its new Cannazall.com website with over 35 new CBD products is live and taking orders.
Ubiquitech Software Corp., Thursday, June 9, 2022, Press release picture
The new Website features over 35 new and CannazALL™ CBD products, that include CBD, CBG, and CBN, as well as other important adaptogens and proprietary blends that bring the CannazALL™ product line to a new level. In addition, all CannazALL™ products are derived from quality Colorado hemp and are manufactured in the state of Colorado.
CEO James Ballas states "We have a tremendous amount of time and resources committed to our new site and product line. No one can look at the new site and have any doubt about our plans for growth. With over thirty-five new products, and growing, we are changing the trajectory of the Company and looking to grow at rates that we have never experienced in our history. We know that this has taken longer than we expected but we believe the results will show that the extra time to get every product right, the robust site and shopping cart, third party testing, new branding, and everything else we have done, will prove to be the right move for the Company."
The new CannazALL™ website also has many features that make it more user friendly and informative, as well as multiple ways for customers to checkout and pay.
The Company recorded over 100,000 visitors to Cannazall.com in the last 30 days, and with current traffic growth, projects over 150,000 visitors per month within the next 90 days.
James Ballas adds "As CEO of the Company, and being a very health-conscious person, nothing is more important to me than the quality and effectiveness of our CannazALL™ products. I believe that our great products and pricing, our lightning-fast shipping, our customer support, and our focus on excellence, will all work to grow the Company as more and more of our customers share the CannazALL™ CBD brand with others. Now that the new site and product line is up there will be regular news about our plans moving forward."
We encourage shareholders to visit our official Twitter account for regular updates on the Company, its CannazALL™ product line, and other news: www.twitter.com/CorporateUbqu
About Ubiquitech Software Corp
Ubiquitech Software Corp, through its subsidiary CannzALL.com seeks to be a leader in the hemp CBD health industry and utilizes its state-of-the-art global internet marketing, Direct Response (DRTV) Television, Radio, Internet Content, SEO, and traditional marketing to drive traffic to the CannzALL.com Website to succeed in this multi-billion-dollar industry.
About CannazALL™
CannazALL™ CBD products have been offered via online sales since December 2014. The CannazALL CBD brand was one of the first in the industry to offer domestically grown and formulated CBD products on a national level with the CannazALL™ brand being recognized in 2017 by Forbes online as one of the Top 5 CBD Companies operating. CannazALL™ continues to perfect its CBD products, grow its proprietary CBD line, and expand its sales of its Colorado grown and formulated CBD products in all available markets. Currently CannazALL™ offers CBD Tinctures, Gummies, SoftGels, Topicals, and Pet Products @ www.Cannazall.com
Safe Harbor
Safe Harbor Provision Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties, and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review GD Entertainment and Technology annual and quarterly financials for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state.
Contact / Investor relations
IR@UbiquitechSoftwareCorp.com
SOURCE: Ubiquitech Software Corp.
View source version on accesswire.com:
https://www.accesswire.com/704373/Ubiquitech-Software-Corporation-Announces-New-Live-Website-and-CBD-Product-Line-for-CannazallTM
$NXMR NextMart, Inc. - Planned Acquisition of New Mexico Water RightsPress Release | 06/09/2022
NextMart, Inc. - Planned Acquisition of New Mexico Water Rights
PR Newswire
HOLYOKE, Mass., June 9, 2022
HOLYOKE, Mass., June 9, 2022 /PRNewswire/ -- NextMart, Inc. (the "Company" or "NXMR" - Pink Sheets Alternative Reporting Pink: NXMR) – NXMR would like to announce that its wholly-owned subsidiary, Emco Oilfield Services, LLC ("Emco"), has launched an acquisition program of New Mexico water rights to expand its water capacity for own water stations in the Permian Basin.
The Permian Basin is the largest oilfield in the world. EMCO is currently servicing over sixty (60) clients including major oil companies such as Exxon Mobile's subsidiary, XTO, Chevron, Conoco Phillips, Occidental (OXY), and major independent public oil companies such as EOG, Devon, Cimarex, Noble Energy and many more. The acquisition of more New Mexico water rights is in direct response to the current fast-growing needs of its current clients, and new clients that are coming on board, due to the increased oil and gas activity in the Permian Basin.
William Bouyea (CEO of the Company), states…"The historically fast increase in the price of oil and gas has spurred oil and gas drilling and production in the Permian Basin. With oil is at its highest price per barrel in well over a decade domestically, increased production is a natural occurrence. EMCO is just trying to be proactive and work in the best interests of our client base who will use more water as they attempt to grow their production levels by drilling more wells in these unprecedented times in the energy market. It goes without saying that the amount of water used by our clients will increase almost 100% in correlation to any increase in oil and gas drilling as well as actual production."
Water stations provide a vital source of water needed to drill oil and gas wells. Emco will continue to transport water to and from oil and gas well drill sites in the Permian Basin, which has generated an estimated $40 million in revenues for Emco since 2018. Going forward, with its own water stations, Emco can generate an additional revenue stream that can be significant for its aggressive growth plans. Approximately half the drilling rigs in the U.S. are stationed in the Permian Basin drilling thousands of oil and gas wells annually to provide for the U.S. energy needs.
William Bouyea (CEO of the Company), further stated…"We are excited to announce that we are acquiring water rights in the New Mexico area of the Permian Basin allowing us to capture a revenue stream that has historically been a pass-through. Emco has historically charged transportation fees for the water it transports and passes on the per barrel costs of the third-party water to its customers. This new revenue stream can be expanded as we endeavor to develop additional water stations in our market."
Forward Looking Statement
Certain statements that we make may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. The statements contained herein may contain certain forward-looking statements relating to NXMR that are based on the beliefs of NXMR's management as well as assumptions made by and information currently available to NXMR's management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements include, without limitation, statements relating to the NXMR's business prospects, future developments, trends and conditions in the industry and geographical markets in which NXMR operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to prices, volumes, operations, margins, overall market trends, risk management and exchange rates.
ABOUT US
NextMart, Inc., a Delaware Corporation, is a public quoted Pink Sheet issuer under the ticker symbol "NXMR". Currently, NXMR currently is a shell company with a new management team with plans to become a current alternative reporting issuer with OTC Markets. The Company is currently looking for an appropriate business acquisition.
Company Web Site: https://nextmartcorporation.com/
Emco Oilfield Services, LLC Web Site: https://emcooilfield.com/
Twitter: @CorporationNxmr
View original content (Emco Oilfield Services, LLC Acquisition - Dated: January 21, 2022 -Credit to PRNewswire): https://www.prnewswire.com/news-releases/nextmart-inc--acquisition-of-oil-field-services-company-301465579.html
View original content:https://www.prnewswire.com/news-releases/nextmart-inc--planned-acquisition-of-new-mexico-water-rights-301564709.html
$NXMR NextMart, Inc. - Planned Acquisition of New Mexico Water RightsPress Release | 06/09/2022
NextMart, Inc. - Planned Acquisition of New Mexico Water Rights
PR Newswire
HOLYOKE, Mass., June 9, 2022
HOLYOKE, Mass., June 9, 2022 /PRNewswire/ -- NextMart, Inc. (the "Company" or "NXMR" - Pink Sheets Alternative Reporting Pink: NXMR) – NXMR would like to announce that its wholly-owned subsidiary, Emco Oilfield Services, LLC ("Emco"), has launched an acquisition program of New Mexico water rights to expand its water capacity for own water stations in the Permian Basin.
The Permian Basin is the largest oilfield in the world. EMCO is currently servicing over sixty (60) clients including major oil companies such as Exxon Mobile's subsidiary, XTO, Chevron, Conoco Phillips, Occidental (OXY), and major independent public oil companies such as EOG, Devon, Cimarex, Noble Energy and many more. The acquisition of more New Mexico water rights is in direct response to the current fast-growing needs of its current clients, and new clients that are coming on board, due to the increased oil and gas activity in the Permian Basin.
William Bouyea (CEO of the Company), states…"The historically fast increase in the price of oil and gas has spurred oil and gas drilling and production in the Permian Basin. With oil is at its highest price per barrel in well over a decade domestically, increased production is a natural occurrence. EMCO is just trying to be proactive and work in the best interests of our client base who will use more water as they attempt to grow their production levels by drilling more wells in these unprecedented times in the energy market. It goes without saying that the amount of water used by our clients will increase almost 100% in correlation to any increase in oil and gas drilling as well as actual production."
Water stations provide a vital source of water needed to drill oil and gas wells. Emco will continue to transport water to and from oil and gas well drill sites in the Permian Basin, which has generated an estimated $40 million in revenues for Emco since 2018. Going forward, with its own water stations, Emco can generate an additional revenue stream that can be significant for its aggressive growth plans. Approximately half the drilling rigs in the U.S. are stationed in the Permian Basin drilling thousands of oil and gas wells annually to provide for the U.S. energy needs.
William Bouyea (CEO of the Company), further stated…"We are excited to announce that we are acquiring water rights in the New Mexico area of the Permian Basin allowing us to capture a revenue stream that has historically been a pass-through. Emco has historically charged transportation fees for the water it transports and passes on the per barrel costs of the third-party water to its customers. This new revenue stream can be expanded as we endeavor to develop additional water stations in our market."
Forward Looking Statement
Certain statements that we make may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. The statements contained herein may contain certain forward-looking statements relating to NXMR that are based on the beliefs of NXMR's management as well as assumptions made by and information currently available to NXMR's management. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements include, without limitation, statements relating to the NXMR's business prospects, future developments, trends and conditions in the industry and geographical markets in which NXMR operates, its strategies, plans, objectives and goals, its ability to control costs, statements relating to prices, volumes, operations, margins, overall market trends, risk management and exchange rates.
ABOUT US
NextMart, Inc., a Delaware Corporation, is a public quoted Pink Sheet issuer under the ticker symbol "NXMR". Currently, NXMR currently is a shell company with a new management team with plans to become a current alternative reporting issuer with OTC Markets. The Company is currently looking for an appropriate business acquisition.
Company Web Site: https://nextmartcorporation.com/
Emco Oilfield Services, LLC Web Site: https://emcooilfield.com/
Twitter: @CorporationNxmr
View original content (Emco Oilfield Services, LLC Acquisition - Dated: January 21, 2022 -Credit to PRNewswire): https://www.prnewswire.com/news-releases/nextmart-inc--acquisition-of-oil-field-services-company-301465579.html
View original content:https://www.prnewswire.com/news-releases/nextmart-inc--planned-acquisition-of-new-mexico-water-rights-301564709.html
$ORHB ORHUB RETAINS PREDICA TO LAUNCH NEW SOFTWARE PLATFORMPress Release | 06/09/2022
"ORHub to launch new FutureORTM application in Q3 2022"
ORHub, Inc. (OTC Pink: ORHB) announced today it will launch its new application FutureORTMnext quarter and has expanded its relationship with Predica to support the release, provide managed services, and help transform the business of surgery. FutureORTMwill bring to the medical device industry surgical implant accountability, improved business efficiency, and fast payments between hospitals and vendors. As ORHubs technology partner, Predica is honored to have played a part in such a transformative solution as FutureORTM. From the onset, FutureORTM was clearly purpose-built to streamline processes for both Hospitals and their Bio-Medical Device vendors. This approach increases efficiency and digital payments between the stakeholders, but more importantly, will offer opportunities to reduce the overall cost of healthcare in the United States shared Pete Orologas - Vice President and Managing Partner of Predica US.
A Microsoft Gold partner, Predica (predicagroup.com)isan international cloud-native provider of Azure cloud development and management services, serving blue-chip enterprise customers in Europe, the Middle East, and the United States. The company specializes in applications and DevOps, cloud infrastructure, security and data analytics in order to drive digital transformation with their customers and has been instrumental in the development of FutureORTM. We are very pleased to continue our relationship with Predica, stated CJ Wiggins - Founder, Executive Chairman, President & CEO of ORHub. We have worked closely with Predicas team and leadership to develop FutureORTM. Their continued involvement will ensure a successful launch of our new platform. The release of FutureORTMwill empower ORHub to continue its growth as a finance-focused SaaS.
--------------
About ORHub, Inc.
ORHub, Inc. (OTC: ORHB) is headquartered in Irvine, California. The company is focused on the Internet of Things (IoT), creating Intelligent Automation and connected mobility solutions to help revolutionize healthcare for a more sustainable and connected future. ORHubs solutions create intelligent data, activate new and improved methods of managing multi-vendor transaction details, and digitize payments, all of which improve the necessary and undervalued business relationship between hospital customers and supporting medical device and biotech vendors. These solutions are believed to form a valuable foundation for potential new uses of AI, future of quantum computing, and a mobile ecosystem for personalized implant and other patient centered information and accessibility. More Information please visit www.ORHub.com
ORHub, Inc.
6865 Alton Pkwy, Suite 210
Irvine, CA 92618
About Predica, Inc.
Predica is a global provider of Azure consulting and development services. We are a long-term Microsoft Partner, named Azure Expert Managed Serviced Provider, awarded with 8 Advanced Specializations and 15 Gold Competencies. From building scalable applications and implementing DevOps, through cloud migration, governance and optimization, to customized data solutions and managed security services, we use full-stack Microsoft technology to inspire a self-managed culture and enable personal success for all our clients.
With 380+ professionals on board and 9 office locations worldwide, Predica has delivered over 1800 successful projects to around 350 customers in 26 countries. In February, 2022 the company joined SoftwareOne, a leading global provider of end-to-end software and cloud technology. For more information, please visit https://www.predicagroup.com.
Predica Inc.
9655 Granite Ridge Drive, Suite 200
San Diego, California 92123
Riedenmatt 4, CH-6370 Stans
###
Forward-looking Statements
This release contains forward-looking statements, including the market demand for and acceptance of ORHubs products and services, the results from use of ORHubs products and services, and general business conditions, particularly within the surgical, life science, and medical device industries. Any forward-looking statements contained in this press release are based upon ORHubs historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent ORHubs expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and ORHub disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential risks that could affect actual results will be included in future filings made by ORHub and are available on the Companys website at ORHub.com from time to time.
Contact:
Jason Brown
ORHub, Inc.
612-209-7565
$ORHB ORHUB RETAINS PREDICA TO LAUNCH NEW SOFTWARE PLATFORMPress Release | 06/09/2022
"ORHub to launch new FutureORTM application in Q3 2022"
ORHub, Inc. (OTC Pink: ORHB) announced today it will launch its new application FutureORTMnext quarter and has expanded its relationship with Predica to support the release, provide managed services, and help transform the business of surgery. FutureORTMwill bring to the medical device industry surgical implant accountability, improved business efficiency, and fast payments between hospitals and vendors. As ORHubs technology partner, Predica is honored to have played a part in such a transformative solution as FutureORTM. From the onset, FutureORTM was clearly purpose-built to streamline processes for both Hospitals and their Bio-Medical Device vendors. This approach increases efficiency and digital payments between the stakeholders, but more importantly, will offer opportunities to reduce the overall cost of healthcare in the United States shared Pete Orologas - Vice President and Managing Partner of Predica US.
A Microsoft Gold partner, Predica (predicagroup.com)isan international cloud-native provider of Azure cloud development and management services, serving blue-chip enterprise customers in Europe, the Middle East, and the United States. The company specializes in applications and DevOps, cloud infrastructure, security and data analytics in order to drive digital transformation with their customers and has been instrumental in the development of FutureORTM. We are very pleased to continue our relationship with Predica, stated CJ Wiggins - Founder, Executive Chairman, President & CEO of ORHub. We have worked closely with Predicas team and leadership to develop FutureORTM. Their continued involvement will ensure a successful launch of our new platform. The release of FutureORTMwill empower ORHub to continue its growth as a finance-focused SaaS.
--------------
About ORHub, Inc.
ORHub, Inc. (OTC: ORHB) is headquartered in Irvine, California. The company is focused on the Internet of Things (IoT), creating Intelligent Automation and connected mobility solutions to help revolutionize healthcare for a more sustainable and connected future. ORHubs solutions create intelligent data, activate new and improved methods of managing multi-vendor transaction details, and digitize payments, all of which improve the necessary and undervalued business relationship between hospital customers and supporting medical device and biotech vendors. These solutions are believed to form a valuable foundation for potential new uses of AI, future of quantum computing, and a mobile ecosystem for personalized implant and other patient centered information and accessibility. More Information please visit www.ORHub.com
ORHub, Inc.
6865 Alton Pkwy, Suite 210
Irvine, CA 92618
About Predica, Inc.
Predica is a global provider of Azure consulting and development services. We are a long-term Microsoft Partner, named Azure Expert Managed Serviced Provider, awarded with 8 Advanced Specializations and 15 Gold Competencies. From building scalable applications and implementing DevOps, through cloud migration, governance and optimization, to customized data solutions and managed security services, we use full-stack Microsoft technology to inspire a self-managed culture and enable personal success for all our clients.
With 380+ professionals on board and 9 office locations worldwide, Predica has delivered over 1800 successful projects to around 350 customers in 26 countries. In February, 2022 the company joined SoftwareOne, a leading global provider of end-to-end software and cloud technology. For more information, please visit https://www.predicagroup.com.
Predica Inc.
9655 Granite Ridge Drive, Suite 200
San Diego, California 92123
Riedenmatt 4, CH-6370 Stans
###
Forward-looking Statements
This release contains forward-looking statements, including the market demand for and acceptance of ORHubs products and services, the results from use of ORHubs products and services, and general business conditions, particularly within the surgical, life science, and medical device industries. Any forward-looking statements contained in this press release are based upon ORHubs historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent ORHubs expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and ORHub disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential risks that could affect actual results will be included in future filings made by ORHub and are available on the Companys website at ORHub.com from time to time.
Contact:
Jason Brown
ORHub, Inc.
612-209-7565
$HPIL HPIL(HPIL) Announces Shareholders Meeting ChangedPress Release | 06/08/2022
HPIL(HPIL) Announces Shareholders Meeting Changed
PR Newswire
VANCOUVER, BC, June 8, 2022
VANCOUVER, BC, June 8, 2022 /PRNewswire/ -- HPIL Holding (the "Company") (OTC: HPIL) announces that it will be moving the shareholders meeting to June 16th at 2:PM PST to give the company more time to formulate its ongoing plans and announce more substantial factual information on what is transpiring with the company and its plans moving forward.
"We have been informed by the OTC that in order to have the BCSC cease trade order revoked they require HPIL to post audited annual financial statements. We are in the process of conducting the audit and fully expect it to be completed soon", said Stephen Brown CEO.
Additionally, on June 2, 2022, the Chief Executive Officer, and Chairman of the Board of Directors, Stephen Brown, presented a letter of termination to Mr. Lord Ferrox Tutinean due to Mr. Tutinean's failure to adhere to Mr. Tutinean's employment agreement and HPIL's policies. Further, the employment of Mr. Micheal Torrey has been terminated on the same day due to Mr. Torrey's failure to adhere to his employment agreement and HPIL's policies. Both Mr. Tutinean and Mr. Torrey have acted in manners against the Company and against the interests of the Company's shareholders.
"The company is aware of what is necessary for the company to be on track within the markets it is operating in such as EV, Gaming and Blockchain transactions. We expect to have a robust plan for this forthcoming conference call and truly appreciate the shareholder patience in a somewhat trying time, however myself and David Postula are diligently putting aggressive plans in to place", said Stephen Brown CEO.
HPIL next conference call will be on June 16th, 2022 Conference call link: https://www.hpilholding.ca/
Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filing.
For more information: info@hpilholding.ca
www.hpilholding.ca
Contact: Stephen Brown, CEO, 778-819-1956
View original content:https://www.prnewswire.com/news-releases/hpilhpil-announces-shareholders-meeting-changed-301564457.html
SOURCE HPIL Holding
$HPIL HPIL(HPIL) Announces Shareholders Meeting ChangedPress Release | 06/08/2022
HPIL(HPIL) Announces Shareholders Meeting Changed
PR Newswire
VANCOUVER, BC, June 8, 2022
VANCOUVER, BC, June 8, 2022 /PRNewswire/ -- HPIL Holding (the "Company") (OTC: HPIL) announces that it will be moving the shareholders meeting to June 16th at 2:PM PST to give the company more time to formulate its ongoing plans and announce more substantial factual information on what is transpiring with the company and its plans moving forward.
"We have been informed by the OTC that in order to have the BCSC cease trade order revoked they require HPIL to post audited annual financial statements. We are in the process of conducting the audit and fully expect it to be completed soon", said Stephen Brown CEO.
Additionally, on June 2, 2022, the Chief Executive Officer, and Chairman of the Board of Directors, Stephen Brown, presented a letter of termination to Mr. Lord Ferrox Tutinean due to Mr. Tutinean's failure to adhere to Mr. Tutinean's employment agreement and HPIL's policies. Further, the employment of Mr. Micheal Torrey has been terminated on the same day due to Mr. Torrey's failure to adhere to his employment agreement and HPIL's policies. Both Mr. Tutinean and Mr. Torrey have acted in manners against the Company and against the interests of the Company's shareholders.
"The company is aware of what is necessary for the company to be on track within the markets it is operating in such as EV, Gaming and Blockchain transactions. We expect to have a robust plan for this forthcoming conference call and truly appreciate the shareholder patience in a somewhat trying time, however myself and David Postula are diligently putting aggressive plans in to place", said Stephen Brown CEO.
HPIL next conference call will be on June 16th, 2022 Conference call link: https://www.hpilholding.ca/
Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filing.
For more information: info@hpilholding.ca
www.hpilholding.ca
Contact: Stephen Brown, CEO, 778-819-1956
View original content:https://www.prnewswire.com/news-releases/hpilhpil-announces-shareholders-meeting-changed-301564457.html
SOURCE HPIL Holding
$DVTC Development Technologies Corp Issues Shareholder UpdatePress Release | 06/08/2022
Development Technologies Corp. (formerly Pegasus Pharmaceuticals Inc.) (the "Company") has completed a name change to Development Technologies Corp as well as a symbol change to DVTC. Additionally, a 1 for 1,000 stock split was effectuated in early May 2022.
On June 8th 2022, the Company executed a definitive agreement to purchase 25% of Castle Heights West LLC in exchange for 750,021 shares of common stock of the Company. The closing is scheduled to take place on or before June 20,2022. Samuel Eisenberg, the Companys CEO, is also the managing member of Castle Heights West, LLC. The terms of the agreement were completed at arms-length.
The Company launched a website to provide ongoing information of its new direction as a Real Estate Technology Company. www.developmenttechnologiescorp.com.
The new website is in beta form. However, it provides information of the new direction the Company has taken. Samuel Eisenberg, the current CEO, has announced the potential acquisition of certain real estate operations and assets.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.
$DVTC Development Technologies Corp Issues Shareholder UpdatePress Release | 06/08/2022
Development Technologies Corp. (formerly Pegasus Pharmaceuticals Inc.) (the "Company") has completed a name change to Development Technologies Corp as well as a symbol change to DVTC. Additionally, a 1 for 1,000 stock split was effectuated in early May 2022.
On June 8th 2022, the Company executed a definitive agreement to purchase 25% of Castle Heights West LLC in exchange for 750,021 shares of common stock of the Company. The closing is scheduled to take place on or before June 20,2022. Samuel Eisenberg, the Companys CEO, is also the managing member of Castle Heights West, LLC. The terms of the agreement were completed at arms-length.
The Company launched a website to provide ongoing information of its new direction as a Real Estate Technology Company. www.developmenttechnologiescorp.com.
The new website is in beta form. However, it provides information of the new direction the Company has taken. Samuel Eisenberg, the current CEO, has announced the potential acquisition of certain real estate operations and assets.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.
$AXTG Axis Technologies Group, Inc. (OTC Pink: AXTG) Announces Chief Financial OfficerPress Release | 06/08/2022
Los Angeles, CA, June 08, 2022 (GLOBE NEWSWIRE) -- Axis Technologies Group, Inc. (OTC Pink: AXTG) ('AXTG' or the 'Company') today announced the appointment of Richard J Casinelli, as chief financial officer (CFO) and principal financial officer, effective June 8, 2022.
“Richard will added tremendous value to Axis Technologies Group and brings a depth of experience to the role,” said William TiEN, president and chief executive officer. “Richard is a veteran finance operator who provide traditional business finance experience and shares our values. We are excited to have Richard take this next step with us as we move the company forward in this new decentralized finance era. He will help design and implementation of the company's global financing activities.”
Axis Technologies Group, Inc.:
Axis Technologies Group, Inc. (OTC Pink: AXTG) is a publicly traded holding company focused on the promotion, development, management and marketing of various aspects of businesses surrounding all aspects of decentralized finance (DeFi). Through acquisitions, strategic investments, and its current investment holdings, AXTG seeks to support, develop and take advantage of various fintech, blockchain, DeFi, NFT, carbon offset digitization and metaverse projects, opportunities and initiatives. Please visit our site at www.AXTG.us for more information.
About Richard J Casinelli:
Richard J Casinelli has over 35 years of US Public Accounting Experience inclusive of Auditing, Tax Compliance, and Planning and Financial Reporting. Managing Director of MHC Advisors PC handles Litigation Support Mergers and Acquisitions. Equity Search , Inc. was started in 2008 as an investment company by Richard Casinelli, CPA, MST. In 2017 The Company invested in Pro-4 Marketing, LLC to import from China, flashlights and lanterns in the USA . He also had a strong background in distribution and marketing/sales displays. He have extensive experience in advisory to public listed companies, finance and business operations.
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements.
CONTACT:
Axis Technologies Group, Inc.
ceo@axtg.us
Twitter: @AXTG2021
StockTwits: https://stocktwits.com/symbol/AXTG
$AXTG Axis Technologies Group, Inc. (OTC Pink: AXTG) Announces Chief Financial OfficerPress Release | 06/08/2022
Los Angeles, CA, June 08, 2022 (GLOBE NEWSWIRE) -- Axis Technologies Group, Inc. (OTC Pink: AXTG) ('AXTG' or the 'Company') today announced the appointment of Richard J Casinelli, as chief financial officer (CFO) and principal financial officer, effective June 8, 2022.
“Richard will added tremendous value to Axis Technologies Group and brings a depth of experience to the role,” said William TiEN, president and chief executive officer. “Richard is a veteran finance operator who provide traditional business finance experience and shares our values. We are excited to have Richard take this next step with us as we move the company forward in this new decentralized finance era. He will help design and implementation of the company's global financing activities.”
Axis Technologies Group, Inc.:
Axis Technologies Group, Inc. (OTC Pink: AXTG) is a publicly traded holding company focused on the promotion, development, management and marketing of various aspects of businesses surrounding all aspects of decentralized finance (DeFi). Through acquisitions, strategic investments, and its current investment holdings, AXTG seeks to support, develop and take advantage of various fintech, blockchain, DeFi, NFT, carbon offset digitization and metaverse projects, opportunities and initiatives. Please visit our site at www.AXTG.us for more information.
About Richard J Casinelli:
Richard J Casinelli has over 35 years of US Public Accounting Experience inclusive of Auditing, Tax Compliance, and Planning and Financial Reporting. Managing Director of MHC Advisors PC handles Litigation Support Mergers and Acquisitions. Equity Search , Inc. was started in 2008 as an investment company by Richard Casinelli, CPA, MST. In 2017 The Company invested in Pro-4 Marketing, LLC to import from China, flashlights and lanterns in the USA . He also had a strong background in distribution and marketing/sales displays. He have extensive experience in advisory to public listed companies, finance and business operations.
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements.
CONTACT:
Axis Technologies Group, Inc.
ceo@axtg.us
Twitter: @AXTG2021
StockTwits: https://stocktwits.com/symbol/AXTG
$CCAJ Coastal Capital Acquisition Corp. ($CCAJ) is Discussing the Possible Acquisition of Onion Head MarketingPress Release | 06/08/2022
Coastal Capital Acquisition Corp. ($CCAJ) Might Acquire Onion Head Direct
Coastal Capital Acquisition Corp. (OTCMKTS:CCAJ)
JACKSONVILLE, FLORIDA, UNITED STATES, June 8, 2022 /EINPresswire.com/ -- Coastal Capital is thinking about acquiring a digital marketing company called Onion Head Direct Marketing. The company is based in New York City and bills itself as an agency that won't make its customers cry. This is because its services are priced at rates that even small companies should be able to afford. Onion Head can help companies create quality content, establish their social media presence or take care of other tasks that can help boost their digital market share.
This company sets itself apart from the competition by offering personalized service and solutions tailored to each individual client. Ultimately, Coastal Capital believes that Onion Head can significantly increase its own brand reach if a partnership agreement is reached in the future.
These days, it's imperative for companies to have some sort of online presence. In most cases, this means having a website, a blog to go along with that website and at least one social media profile. The website's purpose is to help boost awareness for a brand and hopefully generate leads that convert to sales.
When used effectively, a blog is an easy way to produce fresh content that can rank for long-tail keywords. This content can also be used to educate or sell to consumers on their terms. A social media page can be an effective way to share blog posts, announcements or other important information in an easy to digest manner.
It can also be a great way to build a following that can be leveraged to sell products, amplify content or raise money. A large following may also be used as social proof for clients that need to be thoroughly sold on a brand's track record.
Of course, it takes time, effort and expertise to create a quality online presence. Although companies can choose to create content on their own, it can be extremely difficult to learn content and SEO best practices while also trying to run a company. It can also be expensive to hire someone to manage your digital marketing efforts, and there is no guarantee that the entity that is hired will do an effective job.
Fortunately, the founder of Onion Head has many decades of experience with online advertising, and he will leverage that experience to help brands get the most for their marketing dollars. This is one of the primary reasons why Coastal Capital is interested in potentially working with this company. However, it's important to stress that no deal is imminent and that no formal discussions have taken place between Coastal Capital and Onion Head.
It's also worth pointing out that Onion Head specializes in marketing, staffing and fundraising for medical facilities. The company can also help companies in most other industries with their crowdfunding efforts. In recent years, this technique has helped smaller organizations access the funds that banks, traditional private investors and others may not be willing to provide.
Coastal Capital Acquisition Corp. can see the potential of acquiring OHD to assist in the growth of the additional companies it seeks to acquire in the future by utilizing a In-house marketing arm that generates not only their own revenue but the many companies CCAJ anticipates to acquire.
Coastal Capital specializes in helping companies grow their market share by providing human and financial resources. They can also help companies in a variety of industries achieve their goals of going public.
Investor Relations Department
Coastal Capital Acquisition Corp.
+1 888-241-7333
Visit us on social media:
Twitter
LinkedIn
$CCAJ Coastal Capital Acquisition Corp. ($CCAJ) is Discussing the Possible Acquisition of Onion Head MarketingPress Release | 06/08/2022
Coastal Capital Acquisition Corp. ($CCAJ) Might Acquire Onion Head Direct
Coastal Capital Acquisition Corp. (OTCMKTS:CCAJ)
JACKSONVILLE, FLORIDA, UNITED STATES, June 8, 2022 /EINPresswire.com/ -- Coastal Capital is thinking about acquiring a digital marketing company called Onion Head Direct Marketing. The company is based in New York City and bills itself as an agency that won't make its customers cry. This is because its services are priced at rates that even small companies should be able to afford. Onion Head can help companies create quality content, establish their social media presence or take care of other tasks that can help boost their digital market share.
This company sets itself apart from the competition by offering personalized service and solutions tailored to each individual client. Ultimately, Coastal Capital believes that Onion Head can significantly increase its own brand reach if a partnership agreement is reached in the future.
These days, it's imperative for companies to have some sort of online presence. In most cases, this means having a website, a blog to go along with that website and at least one social media profile. The website's purpose is to help boost awareness for a brand and hopefully generate leads that convert to sales.
When used effectively, a blog is an easy way to produce fresh content that can rank for long-tail keywords. This content can also be used to educate or sell to consumers on their terms. A social media page can be an effective way to share blog posts, announcements or other important information in an easy to digest manner.
It can also be a great way to build a following that can be leveraged to sell products, amplify content or raise money. A large following may also be used as social proof for clients that need to be thoroughly sold on a brand's track record.
Of course, it takes time, effort and expertise to create a quality online presence. Although companies can choose to create content on their own, it can be extremely difficult to learn content and SEO best practices while also trying to run a company. It can also be expensive to hire someone to manage your digital marketing efforts, and there is no guarantee that the entity that is hired will do an effective job.
Fortunately, the founder of Onion Head has many decades of experience with online advertising, and he will leverage that experience to help brands get the most for their marketing dollars. This is one of the primary reasons why Coastal Capital is interested in potentially working with this company. However, it's important to stress that no deal is imminent and that no formal discussions have taken place between Coastal Capital and Onion Head.
It's also worth pointing out that Onion Head specializes in marketing, staffing and fundraising for medical facilities. The company can also help companies in most other industries with their crowdfunding efforts. In recent years, this technique has helped smaller organizations access the funds that banks, traditional private investors and others may not be willing to provide.
Coastal Capital Acquisition Corp. can see the potential of acquiring OHD to assist in the growth of the additional companies it seeks to acquire in the future by utilizing a In-house marketing arm that generates not only their own revenue but the many companies CCAJ anticipates to acquire.
Coastal Capital specializes in helping companies grow their market share by providing human and financial resources. They can also help companies in a variety of industries achieve their goals of going public.
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$AGYP Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float
Carrollton, Texas, May 05, 2022 (GLOBE NEWSWIRE) -- Allied Energy Corp (OTC Pink: AGYP), a producing oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States, is pleased to announce that the Company has recently executed documents to retire 2,480,000 unrestricted common shares of AGYP stock. This retirement represents a 4% reduction in the authorized shares of the company.
Confirmation of this retirement will reflect on the OTCMarkets' “Security Details" tab and specifically the “Outstanding Shares”, “Unrestricted” and “Held at DTC” sections will be reduced by 2,480,000. The company’s Transfer Agent VStock will facilitate the retirement of the shares. The company will continue to update shareholders regarding share structure changes.
Allied CEO George Montieth commented: "On February 24, 2022, I told the investing public my aim was to reduce the number of shares and I am now beginning that process. Allied's share structure has remained unchanged for over a year, and I’ve recently made strategic moves to effect a reduction in our outstanding shares. I believe in increasing shareholder value and have the best interest of our stakeholders in mind. Continue monitoring OTCMarkets for updates on our share structure reduction. Regarding our increasing oil production, I'll have more updates from the oil fields, soon. Business development continues in earnest."
The Company invites any and all interested parties to check back regularly at https://alliedengycorp.com/ and the corporate Twitter account https://twitter.com/AlliedEnergyCo1
About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing ("fracking"), drilling of lateral ("horizontal") legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America ("IPAA") - "With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America's true strategic petroleum reserve.”
https://www.otcmarkets.com/stock/AGYP/news/Allied-Energy-Execute-Documents-To-Retire-2480000-Common-Shares-From-Public-Float?id=355772
$AGYP Allied Energy Execute Documents To Retire 2,480,000 Common Shares From Public Float
Carrollton, Texas, May 05, 2022 (GLOBE NEWSWIRE) -- Allied Energy Corp (OTC Pink: AGYP), a producing oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States, is pleased to announce that the Company has recently executed documents to retire 2,480,000 unrestricted common shares of AGYP stock. This retirement represents a 4% reduction in the authorized shares of the company.
Confirmation of this retirement will reflect on the OTCMarkets' “Security Details" tab and specifically the “Outstanding Shares”, “Unrestricted” and “Held at DTC” sections will be reduced by 2,480,000. The company’s Transfer Agent VStock will facilitate the retirement of the shares. The company will continue to update shareholders regarding share structure changes.
Allied CEO George Montieth commented: "On February 24, 2022, I told the investing public my aim was to reduce the number of shares and I am now beginning that process. Allied's share structure has remained unchanged for over a year, and I’ve recently made strategic moves to effect a reduction in our outstanding shares. I believe in increasing shareholder value and have the best interest of our stakeholders in mind. Continue monitoring OTCMarkets for updates on our share structure reduction. Regarding our increasing oil production, I'll have more updates from the oil fields, soon. Business development continues in earnest."
The Company invites any and all interested parties to check back regularly at https://alliedengycorp.com/ and the corporate Twitter account https://twitter.com/AlliedEnergyCo1
About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing ("fracking"), drilling of lateral ("horizontal") legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America ("IPAA") - "With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America's true strategic petroleum reserve.”
https://www.otcmarkets.com/stock/AGYP/news/Allied-Energy-Execute-Documents-To-Retire-2480000-Common-Shares-From-Public-Float?id=355772