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Inflation Not Dampening Online Gaming as Golden Matrix Group Inc. (NASDAQ: GMGI) Accelerates Expansion

  • DraftKings sees no inflationary impact on player demand in first quarter report
  • While major B2C online gaming companies struggle with exorbitant costs, Golden Matrix’s B2C model has resulted in 14 consecutive profitable quarters
  • Golden Matrix acquired 80% of B2C prize competition company RKings Competitions Ltd, an immediately accretive move that facilitates expansion into new markets
While it would seem logical that periods of rising inflation would cause a slowdown within the gambling industry as consumers tighten their purse strings, history says otherwise. Growth remains mostly unabated because the benefits of wider legalization have outweighed economic impacts, particularly in recent years as more U.S. states join the legal and online gambling renaissance. That said, competition has increased, meaning operators have to be more mindful than ever before about controlling user acquisitions costs (“UAC”), which plays right into the hands of Golden Matrix Group (NASDAQ: GMGI), which has its roots in B2B (business-to-business) products as it matriculates into B2C (business-to-consumer) with a unique model. DraftKings (NASDAQ: DKNG) is a prime representative of the B2C market today. In their recent report on the first quarter of 2022, the company conveyed that they weren’t seeing any impact from inflationary pressures on customer demand as it grew Q1 revenue 34% from the year prior quarter to $417 million. Operating expenses surge 46% y-o-y to $933 million, contributing to a net loss of $468 million for the quarter. DraftKings pegged its average revenue per monthly unique player (“MUP”) at $67, up 11% from Q1 2021. Point being, it’s an expensive dogfight in the U.S. to win customers in states where gambling is legal and to expand into states where online betting is launching. The U.S. is a convenient example, but the trend is similar throughout the world. Golden Matrix is not the company featured during halftime commercials, but they are the company that can make it possible for online operators to better afford paying for them. Not having a huge marketing burn is a big part of the reason that GMGI has reported 14 straight profitable quarters. The Las Vegas-based company is primarily active in the Asia Pacific region where it is a leading provider of turnkey and white label gaming platforms, Esports technology and gaming content. The company is highly differentiated from peers as it pioneers highly modular, configurable, and scalable gaming platforms (both mobile and desktop and agnostic to operating system) designed specifically to efficiently promote user acquisition, engagement, retention, and monetization. Leading gaming content providers such as Asia Gaming, GameArt, Microgaming, Playtech, and many more provide their state of the art and world dominant casino games to Golden Matrix’s GM-X System, which include a swath of products spanning slots, live games, sports, and table games. The GM-X and GMX-Ag platforms are the industries benchmark, providing access to over 10,000 games across more than 25 providers. In April, Golden Matrix took its new B2B aggregate gaming system, GMX-Ag, live with eight established online casino operators in six countries. While strategic and timely to expand its B2B offerings in APAC, Golden Matrix CEO Brian Goodman sees the new GMX-Ag suite as opening new market opportunities outside of its traditional markets. While it executes on expansion via organic growth, Golden Matrix is also looking to acquisitions to accelerate expansion. In December, the company completed buying 80% of B2C prize competition company RKings Competitions Ltd, with provisions to buy the remaining 20% in the future. RKings represents GMGI’s foray into the B2C competition space, a market that has been thriving for decades as a means for brands to get in front of consumers. RKings has a presence throughout the U.K. and Europe and Goodman expects the popularity to resonate in new markets. First up is Mexico where Golden Matrix now has a gaming permit pending. Other jurisdictions are expected to follow. While most online gaming companies continue to struggle to contain costs, much less reach profitability, Golden Matrix continues to shine. Combining revenue streams post-acquisition helped bolster GMGI’s overall financial performance during the first fiscal quarter ended January 31, 2022. Revenue surged 355% y-o-y to $8.88 million. “Due to the platform’s scalability, coupled with low player acquisition and marketing costs, we expect RKings’ contributions to revenues and profits to grow significantly in the months and years ahead,” said Goodman. For more information, visit the company’s website at www.GoldenMatrix.com. NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

Flora Growth Corp. (NASDAQ: FLGC) Bolsters its Board of Directors following Tim Leslie’s Addition and Luis Merchan’s Appointment as Chairman

  • Luis Merchan, Flora Growth’s CEO, will serve as the new Chairman of the Board
  • Tim Leslie, the Chairman of the company’s Advisory Board, will serve on its Board and audit committee
  • Flora Growth’s management is confident that these changes will position it as a U.S-based issuer while increasing its access to U.S-based investment
Since the beginning of 2022, Flora Growth (NASDAQ: FLGC) has been making strategic moves that strengthen its human resources and reinforce its executive team. The company kicked off the year with the appointment of Tim Leslie as the Chairman of its newly formed Advisory Board (https://ibn.fm/dL9mm). Later, Flora Growth appointed Derek Pedro, a world-renowned cannabis genetics and cultivation expert, as an advisor to its Cosechemos cultivation facility (https://ibn.fm/KVBfP). Two more appointments were made after that, starting with Joël Reyes as Senior Vice President (“SVP”) of Global Operations and Jessie Casner as the company’s new Chief Marketing Officer (“CMO”) (https://ibn.fm/QonRU). In a move that sought to take the company even further, on March 17, 2022, Flora Growth announced changes to its Board of Directors. Tim Leslie, the Chairman of the Advisory Board, was added to the Board of Directors (“the Board”) and audit committee. In addition, Luis Merchan, Flora Growth’s Chief Executive Officer (“CEO”), took over from Bernie Wilson as the Chairman of the Board. Mr. Wilson will remain in an advisory capacity for the remainder of the year and will be integral in providing strategic guidance on capital markets and international expansion (https://ibn.fm/h8rum). “I am honored that our Board has entrusted me with this role, and I believe it is a testament to what we have built together thus far,” noted Luis Merchan. “Our Board has been incredibly supportive to date while always ensuring business decisions are in the best interest of our shareholders- and I am looking forward to continuing to work closely with them in this role,” he added. Luis Merchan has been instrumental in expanding Flora Growth’s reach within the United States and abroad. He has moved the company from the development stage to a full-scale international distributor with operations in over 12 countries worldwide. In addition, under his leadership, Flora Growth has completed several mergers and acquisitions (“M&As”), all of which have set the company up for rapid growth. The company will continue to benefit from Mr. Leslie’s insights and guidance as it advances its rapid global expansion. He has vast experience in the industry, including two decades at Amazon, which will be instrumental for Flora Growth’s expansion going forward. Flora Growth is confident that its Board’s changes will further position it as a U.S-based issuer. It is also optimistic that the move will increase its access to U.S-based investment. For more information, visit the company’s website at www.FloraGrowth.com. NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) Capitalizing on Psychedelics Drug Market, with 13 Wellness Clinics Across Nine States and Growing

  • Delic Holdings Corp. comprises several businesses—Delic Labs, Meet Delic, and Ketamine Wellness Centers and media properties Reality Sandwich and Delic Radio
  • The psychedelic drugs market is expected to reach US $9,818.68 million by 2029 – primarily driven by an increase in acceptance for use in mental health
  • The company’s goal is to expand its clinic offering to 60-70% of the American population driving no more than 45-minutes to reach a clinic
Delic Holdings (CSE: DELC) (OTCQB: DELCF), a leader in new medicines and treatments for a modern world, is committed to bringing the science-backed benefits of psychedelics to more people and reframing the conversations about them. The company owns and operates an assortment of related businesses, including two media platforms (Reality Sandwich and Delic Radio), a Health Canada-licensed entity focusing on the research and development of psilocybin vaporization technology (Delic Labs), a premier psychedelic wellness event (Meet Delic), and the largest network of ketamine clinics in the country (Ketamine Wellness Centers). Delic is backed by a team of industry and cannabis veterans who, alongside a diverse network, share a mission to provide education, research, high-quality products, and treatment options to the population. The company is uniquely positioned to capitalize on the psychedelic drugs market, an expanding sector whose growth is primarily driven by an increased acceptance of psychedelics use for mental health. According to Data Bridge Market Research, the psychedelic drugs market was valued at US $2,834.72 million in 2021. The market is expected to grow at a CAGR of 16.8%, resulting in a value of US $9,818.68 million by 2029 (https://ibn.fm/VRf9G). Delic Holdings company has received a Health Canada 56 Health Exemption, which allows Delic’s scientists to do research with numerous compounds outside of psychedelic mushrooms, including MDMA (ecstasy), LSD, DMT (Dimitri), mescaline, and 2C-B. Health Canada also authorized Delic Labs to acquire 60 grams of psilocybin mushrooms from Nectar Health Sciences Laboratory Division Inc. The lab has also applied for a Dealer’s License, which would allow it to commercialize its research into psilocybin and associated IP for medical and research purposes. In a January interview, Delic CEO and co-founder Matt Stang explained that there are 51.5 million Americans who have experienced a mental health condition, and the ongoing pandemic has only exacerbated the crisis. This increase in mental health issues has led to a stronger demand for alternatives to current treatments with lasting outcomes and fewer side effects (https://ibn.fm/ikrCw). “At Delic, we have built the most profitable model for scaling the best-in-class care directly to patients through the largest network of mental health clinics in the U.S.,” Stang added. “We see a strong outlook for Delic with the rollout of 15 additional clinics and an expansion into communities where access to these life-changing treatments is very limited. Delic is well-positioned for growth and profitability in 2022 and beyond.” The company currently operates 13 wellness clinics across nine states and intends to expand the clinic offering to multiple other locations. The company’s long-term vision for expansion is to have 60-70% of the American population within a 45-minute drive of a clinic. The company also anticipates FDA approval being a reality in the future for compounds like MDMA and psilocybin. Once the psychedelic drugs have received some form of FDA approval, “Delic will be the place you can go – you’ll have a clinic in your backyard that you go to for psychedelic medicine treatment, just like any other type of pharmaceutical,” Stang explained in an interview. He further noted that these clinics would offer psychedelic treatments on an in-person basis. Qualified professionals will sit with the patients, walk them through the process, offer them the efficacy they seek, and help them [as a result] change their minds and lives (https://ibn.fm/WfxU1). For more information, visit the company’s website at www.DelicCorp.com. NOTE TO INVESTORS: The latest news and updates relating to DELCF are available in the company’s newsroom at https://ibn.fm/DELCF

Sugarmade Inc. (SGMD) Announces Key Agreements that Solidify Company Strategy, Success Moving Forward

  • SGMD enters into a definitive agreement designed to expand its cannabis delivery footprint
  • Company inks deal to establish a minority stake in an expanding reservation-only restaurant brand that includes private event space offering cannabis consumption
  • Sugarmade also partners with BHG to be first-choice cannabis provider
The cannabis space is known for its competition, but Sugarmade (OTC: SGMD), an emerging leader in the sector, has distinguished itself by its smart, creative decisions. Sugarmade has once again showed its expertise in savvy business strategy by announcing plans to establish a new hub for cannabis delivery and partnering with an expanding reservation-only restaurant brand with an adjacent private event space that offers cannabis consumption (https://ibn.fm/QCKh2). Last month Sugarmade entered into a definitive agreement designed to expand its cannabis delivery footprint. The agreement established SGMD’s majority ownership in a fully licensed new Hollywood cannabis delivery hub located on the world-famous Sunset Strip. Based on the agreement, the company will receive 100% of all profits from the new delivery hub until it has made back its capital investment; following that, Sugarmade will receive 51% of profits. The new cannabis retail distribution hub will offer delivery to the affluent neighborhoods of the West Hollywood Hills. “This investment lands us on the ground floor of a new concept for cannabis distribution in the world’s biggest cannabis marketplace,” said Sugarmade CEO Jimmy Chan. In addition to the cannabis delivery agreement, Sugarmade also inked a deal to establish a minority stake in an expanding reservation-only restaurant brand with a unique feature: the establishment includes an adjacent private event space that offers cannabis consumption. The restaurant is also located on Sunset Strip. In addition, the company partnered with Boulevard Hospitality Group, which is best known for operating Yamashiro, an iconic Hollywood Hills restaurant that is more than a century old. This collaboration calls for Sugarmade to be the first-choice provider of cannabis as BHG explores opportunities to open cannabis-only venues. “Through these agreements, we are simultaneously adding a new cannabis end market with future growth potential, doubling our delivery coverage in the LA metro area, and creating a new and more diversified revenue profile,” said Chan. “We believe all of these steps represent strong potential drivers for shareholder value.” Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush, NUG Avenue and Lemon Glow. For more information, visit the company’s website at www.Sugarmade.com. NOTE TO INVESTORS: The latest news and updates relating to SGMD are available in the company’s newsroom at http://ibn.fm/SGMD

SPYR Inc. (SPYR) Probing Considerations Aimed at Fueling Expansion Amid Expected Growth in the Internet of Things

  • The ‘Internet of Things’ market is expected to reach a value of between $5.5 trillion and $12.6 trillion by 2030, from $745 billion in 2019, driven by contributions from both businesses and consumers
  • SPYR Inc., through its subsidiary Applied Magix Inc., is considering aligning its interests to tap into this anticipated rapid growth
  • The company is considering developing software for non-branded smart products, adding smart LED lighting products to its portfolio of HomeKit-enabled smart products, and acquiring new product lines or intellectual property
Research released late last year by multinational consulting firm McKinsey posits that the Internet of Things (“IoT”) space will grow through 2030, unlocking a potential economic value of between $5.5 trillion and $12.6 trillion, up from recorded spending of $745 billion in 2019 (https://ibn.fm/Kh1EA). Central to this economic-value potential is the contribution of the customers of IoT products, who are expected to be drawn from both the business-to-business (“B2B”) and business-to-consumer (“B2C”) segments (https://ibn.fm/Z3dyV). “B2B applications are where the majority of IoT value can be created, with around 65% of the estimated IoT value potential by 2030. But the value of B2C applications is growing quickly, spurred by faster-than-expected adoption of IoT solutions within the home,” the McKinsey report reads. SPYR (OTCQB: SPYR), dba SPYR Technology, whose Applied Magix, Inc. subsidiary develops and resells Apple(R)-ecosystem-compatible products, is aware of this potential and is positioning itself to tap into the expected growth through a multipronged forward-looking expansion strategy. First, SPYR is considering developing software for non-branded smart products to augment the user experience (“UX”), expanding its portfolio of products without having to undertake new hardware development (https://ibn.fm/xsZx8). “In our research into viable products to manufacture or carry, we have come across a number of manufacturers in China with well-engineered, often excellent hardware, yet abysmally poor software. Since the software is the main point of interaction for customers, badly designed software inevitably results in a bad customer impression of the product,” commented Applied Magix CEO Dr. Harald Zink. “By selecting well-engineered products and re-engineering a better software to accompany them, we hope to gain the best of both worlds – low development costs (as we don’t have to develop new hardware) and additions to our product line in the form of both the software product, as well as reselling the hardware product with minimal overhead.” SPYR is also probing the addition of the MagixLux LED lighting line of HomeKit-enabled smart LED lighting products to its existing portfolio of HomeKit-enabled smart products (https://ibn.fm/QLQH0). “There are a number of good LED lightning products already on the market – many of which we recommend – but I felt that we can round out our product line by offering HomeKit compliant LED lighting bulbs and atmosphere-enhancing LED light strips to complement the various HomeKit sensors we are already offering,” noted Zink. Mordor Intelligence projects that the global smart lighting market, valued at $12.72 billion in 2020, will grow at a CAGR of about 20.26% between 2021 and 2026, nudging the value upwards to top out at $37.41 billion by the end of the forecast period. The firm’s analysts opine that the societal benefits of energy-efficient LED technology could prompt a prodigious number of consumers to adopt smart LED lighting (https://ibn.fm/7LTxY). And SPYR could benefit from this increased interest should it go ahead with its plan. The company has also set its sights on acquisition targets to add new product lines as well as intellectual property (“IP”) to its current portfolio (https://ibn.fm/yWGud). “I’m always looking for new and innovative technologies, and as a result, have come across several potentially awesome IP targets that may be worth acquiring,” said Zink. “Some of these are AI-based and would complement and expand some of our existing product lines really well. Others represent some significantly innovative technologies that could be at the core of new product lines.” On his part, SPYR Technologies CEO Tim Matula expressed his appreciation for the work Zink and Applied Magix are doing, further noting that the acquisitions, while complementary, could potentially bring new revenue streams. It is noteworthy that each of the products and plans that form part of the forward-looking expansion strategy is merely a consideration and is currently speculative. Nonetheless, the company expects to update the general public as soon as the considerations morph into actualized developments. For product information, please see the Applied Magix website at https://AppliedMagix.com, or specific product sites: For more information, visit the company’s website at www.Spyr.com. NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://ibn.fm/SPYR

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Aditxt Inc. (NASDAQ: ADTX) Is ‘One to Watch’

  • Aditxt is commercializing new innovations with focus on mapping and reprogramming the immune system
  • Aditxt is actively adding distribution channel partners for AditxtScore(TM) throughout the U.S. and globally
  • The company aims to expand reimbursement coverage for AditxtScore(TM) for COVID-19 from private insurance and public payers while developing and commercializing tests for other indications
  • Aditxt intends to advance its ADi(TM) therapeutics pipeline into clinical trials in the coming months, with initial studies targeting psoriasis, type 1 diabetes, and skin allograft transplantation
  • The company is led by a team of experts coming from a variety of different scientific fields and business backgrounds
Aditxt (NASDAQ: ADTX) is a biotech innovation company developing technologies focused on mapping and reprogramming the immune system. Aditxt’s immune mapping technologies are designed to provide a personalized immune profile. Aditxt’s immune reprogramming technologies, currently preclinical, are being developed to retrain the immune system to induce tolerance to address rejection of transplanted organs, autoimmune diseases, and allergies. As further discussed below, the company’s first commercial product is an immune mapping technology, AditxtScore(TM), which is designed to provide a personalized profile of the immune system. The company’s preclinical immune reprogramming technology, Apoptotic DNA Immunotherapy(TM) (“ADi(TM)”), aims to retrain the immune system to induce tolerance, with the goal of addressing vast unmet needs in transplanted organ rejection, autoimmune diseases, and allergies. The company is developing specific ADi(TM) products for psoriasis, type 1 diabetes, and skin grafting. Headquartered in Richmond, Virginia, Aditxt also operates locations in Silicon Valley and New York. AditxtScore(TM) AditxtScore(TM) is a proprietary platform designed to provide a personalized, comprehensive profile of an individual’s immune system. The underlying technology, licensed from Stanford University through an exclusive worldwide agreement, offers a highly sensitive and accurate method of detecting and quantifying cellular responses, allowing greater specificity, quantification, and amplification of both clinical and commercial opportunities. The company’s first commercial application of the platform, AditxtScore(TM) for COVID-19, delivers timely reports on vulnerability and immune status relating to SARS-CoV-2 and its known variants, giving consumers and physicians the data needed to make informed health decisions. Potential future applications will offer early detection of an array of conditions, including diabetes, cardio-metabolic maladies and hormonal imbalances. Aditxt’s AditxtScore(TM) immune monitoring center in Richmond, Virginia, is operational and designed to support the anticipated increased demand for AditxtScore(TM) as well as related products and services. The company is currently scaling its capabilities at this location, with a goal of processing up to 10 million immune system tests/reports annually. ADi(TM) ADi(TM) is Aditxt’s immune reprogramming platform addressing disease-causing immune responses while maintaining the immune system’s ability to combat pathogenic infection. The company is commercializing a nucleic acid-based technology called Apoptotic DNA Immunotherapy(TM) (ADi(TM)) which utilizes a novel approach that mimics the way our bodies naturally induce tolerance to our own tissues (therapeutically induced immune tolerance). Aditxt believes its ADi(TM) technology platform can be engineered to address a wide variety of indications. Aditxt is currently developing ADi(TM) products for psoriasis, type 1 diabetes and skin grafting. Currently, immuno-tolerance is achievable through chimerism and cell-based therapy, but there is a clinical need for a more practical and cost-effective approach which:
  • Can be made into a product
  • Does not require additional hospitalization
  • Is simple to produce and ship
Preclinical studies have demonstrated that ADi(TM) treatment significantly and substantially prolongs graft survival, in addition to successfully “reversing” other established immune-mediated inflammatory processes. ADi(TM) treatment is not expected to require hospitalization, instead being delivered as an injection in minute amounts into the skin. IP Portfolio Both AditxtScore(TM) and ADi(TM) are supported by a strong IP portfolio. AditxtScore(TM), built upon initial technology invented, licensed from and used at Stanford University, is protected by U.S. patents encompassing methods, systems, and kits for detection and measurement of specific immune responses. ADi(TM) technology is protected by seven patent families, including:
  • 8 U.S. patents
  • 4 pending U.S. patent applications
  • 86 foreign patents and 14 pending foreign patent applications spanning the EU, Australia, Canada, Japan, China, India and Hong Kong
These patents are broadly categorized into three groups:
  • Autoimmune diseases and Type 1 Diabetes
  • Organ transplantation and a method of producing plasmid DNA to prevent immune activation
  • Composition of matter for a tolerance delivery system for antigens of interest
Aditxt also possesses and/or in-licenses substantial know-how and trade secrets relating to the development and commercialization of its product candidates, including related manufacturing processes and technologies. Market Overview The potential market opportunities presented by immune monitoring and reprogramming are extensive, particularly as Aditxt continues to evaluate additional applications for the platforms. The company’s initial focus on organ transplantation and related autoimmune response provides some insight into the potential of its approach. According to BCC Research, the global organ and tissue transplantation and alternatives market is on course to reach $120.3 billion by 2024, recording a CAGR of 7.4% from 2019. Industry data suggest that approximately 50% of all transplanted organs are rejected within 10-12 years, further highlighting the critical need for a practical, cost-effective solution to harmful autoimmune responses. Through its focus on the COVID-19 testing market with AditxtScore(TM), Aditxt demonstrated the wide-ranging potential of its portfolio. Fortune Business Insights estimated the global COVID-19 diagnostics market at $48.64 billion for 2022. While demand for COVID-19 diagnostics is expected to lessen in the coming years, Aditxt will be uniquely positioned to leverage its existing infrastructure stemming from these operations as the company works to advance broader applications for the AditxtScore(TM) platform. Leadership Team Amro Albanna is the Co-Founder, Chairman, and CEO of Aditxt. He has founded multiple startups to commercialize innovations in various industries, including healthcare, enterprise software, telecommunications, nano technology, consumer health, and biotech. Mr. Albanna has led numerous M&A and going-public transactions as a founder, co-founder, and senior executive. Shahrokh Shabahang, D.D.S., MS, Ph.D., is the company’s Co-Founder, Chief Innovation Officer, and a member of its board. He brings to the team more than 20 years of experience in developing and commercializing life science technologies focused on product and clinical development in the fields of microbiology and immunology. Corinne Pankovcin, CPA, MBA, is the President of Aditxt. Prior to joining Aditxt, Ms. Pankovcin served as CFO for several world class organizations, including Business Development Corporation of America, Blackrock Kelso Capital and AIG Capital Partners. In these roles, Ms. Pankovcin was responsible for executing portfolio investments and managing significant M&A transactions. Thomas Farley is the Chief Financial Officer of Aditxt. From December 2015 to June 2020, Mr. Farley was the Controller and Treasurer of Business Development Corporation of America (“BDCA”), a publicly listed business development company. Prior thereto, from January 2011 to August 2015, Mr. Farley was the Senior Controller of Blackrock Capital Investment Corporation (NASDAQ: BKCC). Prior to joining BlackRock Capital Investment Corporation, Mr. Farley was a Senior Controller for PineBridge Investments Emerging Markets practice. Mr. Farley was also an Accounting Manager for Bessemer Venture Partners prior to his tenue at PineBridge. Mr. Farley began his career with PricewaterhouseCoopers LLP, from 1996 to 2001. Mr. Farley earned his B.S. in Accounting from Long Island University and is a Certified Public Accountant. Rowena Albanna is the company’s Chief Operating Officer. Ms. Albanna has over two decades of experience in senior leadership roles for both technology startups and public companies. Ms. Albanna’s experience spans a wide variety of industries, including biotechnology, insect control, nanotechnology, consumer electronics, financials, telecommunications, e-commerce, online marketing, medical, and defense. Matthew Shatzkes is the Chief Legal Officer and General Counsel of Aditxt. As a former partner at an AM Law 50 law firm, Mr. Shatzkes advised a wide variety of healthcare related entities, including biotech companies, on corporate, regulatory, and strategic business matters. Mr. Shatzkes will oversee all aspects of the legal functions at Aditxt, including, providing advice and counsel on governance, regulatory matters, strategic alliances, mergers and acquisitions, and commercial transactions. For more information, visit the company’s website at www.Aditxt.com. NOTE TO INVESTORS: The latest news and updates relating to ADTX are available in the company’s newsroom at https://ibn.fm/ADTX

Sharing Services Global Corp. (SHRG) Is Creating a Brand that Instills Passion, Loyalty

  • A company’s ability to establish, maintain strong brand equity creates passionate, loyal consumers
  • Creating a community, differentiating are essential steps in building a powerful brand
  • Since inception, SHRG has devoted itself to creating a community where entrepreneurs and consumers alike can find health, wealth and happiness
Creating a recognizable brand is essential to success for companies in any industry, especially in direct sales. Direct Selling News (“DSN”) recently shared key tips to “up your brand game” (https://ibn.fm/oQLYO), and many smart companies in the space, such as Sharing Services Global (OTCQB: SHRG), understand that “creating and maintaining strong brand equity creates consumers that are passionate. And once a consumer becomes passionate about a brand, they assign added value to it.” In what it calls a “Brand Equity Playbook,” DSN explores the value of creating a community and differentiating. In regards to creating a community, the article observes that “conventional wisdom surrounding brand building almost always lists ‘know your customer’ as the most important thing. “But knowing who your customer is isn’t nearly enough,” the article continues. “You also need to understand your customer; connect with your customer; and—most importantly—create shared experiences with your customer. It’s imperative to develop a fuller understanding of not just who they are but who they want to be; why they are interested in your products (or your opportunity); what needs your products can fulfill; and what they hope to accomplish from their interaction with you.” In addition, the article notes that “one of the most crucial steps to building brand equity is to differentiate yourself from the competition. This is especially true for direct sellers. In this channel, you aren’t just marketing products. You are offering a community, an opportunity and a partnership. Be clear—in tangible, compelling terms—what the products can do for your customers and why that matters.” Sharing Services could be the poster child for these brand-building tips. Since inception, the company has devoted itself to creating a community where both entrepreneurs and consumers can find health, wealth and happiness (https://ibn.fm/LgFJ9). The company has created a place where entrepreneurs can succeed as they work together to serve others in a community where technology is a strength, research is the foundation to excellence in decision making and quality is fundamental to sustainable success. The company further differentiates itself by replacing complexity with simplicity and making timely decisions. “The best brands live permanently in our imagination,” the DSN article concludes. “We have happy memories and positive experiences we associate with them. Their products help us live better, simpler, smarter or healthier lives. The value they bring us keeps us consistently engaged, entertained and excited.” SHRG has done a stellar job of incorporating these simple principles in its growing business as it focuses on partnering with business builders and customers alike to build a powerful brand that offers the potential to change people’s lives. Sharing Services Global Corporation is a publicly traded diversified company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies. The Sharing Services combined platform leverages the capabilities and expertise of various companies that market and sell products direct to the consumer. Its primary division includes Elevacity U.S. LLC, the parent company of the Happy Co. and a sales and marketing company based on utilization of independent contractors as the sales force. For more information, visit the company’s websites at www.SHRGInc.com, www.TheHappyCo.com, and www.ShareHapiTravel.com. NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG

Knightscope, Inc.’s (NASDAQ: KSCP) Autonomous Security Robots Facilitating Situational Crime Prevention

  • The various opportunity-reducing methods of situational crime prevention look to increase the perceived risks of committing a crime, enhance the effort required to commit crimes, reduce rewards, and eliminate excuses for crime
  • Knightscope’s autonomous security robots (“ASRs”), which are equipped with capabilities such as video recording and streaming capabilities, thermal anomaly detection, facial recognition, and more, help to increase the perceived risks associated with criminal activities, resulting in deterrence
  • Following the deployment of ASRs, Knightscope’s clients have reported considerable reductions in the number of crimes reported
  • Knightscope recently added another client – a New York shopping center – and visited additional towns as part of its Robots Roadshow, with recent touchdowns in Columbus and Akron, Ohio
In a 1998 paper, Marcus Felson and Ronald V. Clarke, then Professors at the Rutgers University School of Criminal Justice in New Jersey, presented the ten principles of crime opportunity theory (https://ibn.fm/uUFqw), one of which guides the operations of Knightscope (NASDAQ: KSCP), an advanced security technology company that builds fully autonomous security robots (“ASR”). The eighth principle states that crime can be prevented by reducing opportunities. And basing their discussion of this principle on situational crime prevention, the academics noted that the opportunity-reducing methods of situational crime prevention, such as using surveillance technologies, controlling access to targeted assets, and more, “aim, (i) to increase the perceived effort of crime, (ii) to increase the perceived risks, (iii) to reduce the anticipated rewards, and (iv) to remove excuses for crime.” Knightscope packages capabilities such as eye-level 360-degree HD video streaming and recording, thermal anomaly detection, license plate recognition, people detection, facial recognition, two-way intercom, the ability to operate round the clock and access ramps (mobile robots), and more into the different models of its ASRs, creating reliable security robots that increase the perceived risks of crime by providing 24/7/365 eye-level mobile surveillance. This surveillance, Knightscope’s website notes, “provides unprecedented deterrence capabilities, increased awareness with a conspicuous physical presence, and high-quality evidence to prosecute criminals.” And through the Knightscope Security Operations Center (“KSOC”) browser-based user interface, security personnel can interact with the robots as well as receive live alerts and access real-time data, which better informs them on how to secure people, infrastructure, and assets within a given location. Since the initial rollout of the company’s mobile outdoor K5 ASR, the mobile indoor K3 ASR, and the stationary indoor K1 ASR in 2015, 2016, and 2017, respectively, Knightscope has emerged as a leader in developing autonomous security capabilities that offer deterrence, detection, and even report incidences of crime. The results have been reductions in crime, with Knightscope’s clients documenting wins such as a 46% drop in crime reports in the City of Huntington Park, Los Angeles County, a reduction in the number of 911 calls originating from a Las Vegas Apartment Complex, and an augmented sense of security within installations and car parks, just to mention a few (https://ibn.fm/pnHiA). And more and more potential clients are taking note of these outcomes. Recently, Knightscope reported it had signed a new contract with the owner of a shopping center located in Yonkers, New York. Under the terms of the agreement, Knightscope will deploy its K5 ASR to protect the center’s parking lots and structures, helping deter common challenges such as catalytic converter theft, criminal mischief, and trespassing, while simultaneously guaranteeing the safety of employees (https://ibn.fm/OxJKc). The latest contract follows on the heels of numerous other deployments reported last month. On April 28, for example, the company received a subscription-based order to deploy 2 K5 ASR and 1 K1 ASR with a San Francisco Bay Area biotech real estate development (https://ibn.fm/Yw1ax). This announcement came a few days after Knightscope separately celebrated deployments with two new clients that have each operated for a century or more; the first, a centuries-old consumer food manufacturer and Fortune 500 company (https://ibn.fm/gEni0). The second is a 100-year-old, 4th generation recycling center (https://ibn.fm/PMGiC). Still, Knightscope is looking to further advance its market expansion by boosting the market’s awareness of its offerings through its Robot Roadshow. An engaging experiential event aimed at grabbing attention, building direct connections with potential clients, and sparking conversations, the Robot Roadshow has so far made 38 landings in 14 states and Washington D.C., with its most recent touchdowns being in Columbus, Ohio, on May 4 (https://ibn.fm/fIc1U), and Akron, Ohio on May 5 (https://ibn.fm/0gt5E). For more information, visit the company’s website at www.Knightscope.com, and if you have a need for the subscription-based physical security service, you may request a private demonstration of the technology at www.Knightscope.com/demo. NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP

Golden Matrix Group Inc. (NASDAQ: GMGI) Leading to Way to Better Player Retention, Profits

  • GMGI white labels turnkey online casino, sportsbook, and live gaming content solutions complete with a single wallet for players for both desktop and mobile applications
  • Y-o-Y revenue soared 355% to $8.88 million in Q1 fiscal 2022 with 500+ different casino brands and over 6 million players supporting GMGI’s 14th straight profitable quarter
  • Golden Matrix recently acquired R Kings Competition, a leading competitions platform that generated more than $29 million in revenue and net income above $2.4 million in the recent year
With online wagering becoming increasingly popular – and legalized in 18 U.S. states so far since PAPSA was overturned in 2018 – the race is always on to capture users. Odds are that most people have seen an advertisement offering lucrative incentives trying to lure bettors to a particular platform. In the world of B2C (business-to-consumer) gaming, there is a fine balance that needs to be struck between user acquisition expense and revenue per user, an equilibrium that most digital platforms fail to maintain. Gaming companies don’t mind giving out $100, $200, $300 to a new user under the contention that they will get much more back in the long run. Thing is, it’s not that simple and many gaming companies struggle to ever reach profitability due to customer acquisition costs outweighing revenue generation. “It sounds like it’s a secret recipe of some sort. It’s a real basic situation, in [B2C] gaming, it depends on how much it costs you to acquire players and, in the longer term, how much you can generate from those players,” explained Brian Goodman, CEO of online gaming platform developer and licensor Golden Matrix Group (NASDAQ: GMGI), in an interview in January with Zingernation. Golden Matrix historically has been focused on business-to-business (“B2B”) operations, providing online gaming companies with the tools they need to improve profits and reduce churn, industry nomenclature for losing players. Golden Matrix IP includes its flagship GM-X System and its recently released next-gen GM-Ag System that is regarded as the industry benchmark delivering access to 10,000+ games from more than 25 game providers. The white label platform offers turnkey online casino, sportsbook, and live gaming content solutions complete with a single wallet for players for both desktop and mobile applications. Most of Golden Matrix’s business comes from Asia Pacific, but management is looking to expand closer to home. In March, the company applied for a Mexican gaming license. Today, more than 500 different casino brands and over 6 million players use the GM-X System. If there is a secret sauce, it is the wide array of games offered by Golden Matrix in combination with aggregating and managing data. GMGI technology helps gaming companies better understand their players – skill level, what they like to play and for how long, etc. – with analytics tools that are critical to reducing churn and costs while generating additional revenue. The growing client list translates directly to Golden Matrix’s top and bottom lines. During the first quarter of fiscal 2022 (ended 1/31/2022), GMGI posted record revenue of $8.88 million, up 355% from $1.95 million a year earlier, and net profit of $349,379, up from $52,158 in Q1 2021. In a market where finding profitability is somewhat scarce, Golden Matrix boast a string of 14 consecutive profitable quarters. The Las Vegas-based company recently made its foray into the B2C market, acquiring 80% of U.K.-based R Kings Competitions Ltd., one of Ireland’s and England’s leading independent online competition companies, with an option for the remaining 20%. During 2020 and 2021 R Kings awarded total prizes valued at more than $54 million, comprised of residential properties, luxury and exotic motor vehicles, holiday packages, technology packages and cash. Current competitions at R Kings today include those ranging from drones to a BMW 320D M Sport. With the acquisition, Golden Matrix took majority ownership of a company approximately twice its size. During the fiscal year ended October 31, 2021, R Kings generated more than $29 million in revenue and net income above $2.4 million. They also acquired nearly half a million social media followers and 25,000+ active monthly clients. As Goodman told Zingernation, the economics of R Kings B2C model are ideal for scaling. The company spends less than a pound to acquire a player and generates north of 20 pounds from each one. Metrics like that means R Kings can favorably keep buying users. The R Kings platform is being optimized by integrating GMGI technologies where appropriate. Goodman added that his company is on the hunt for additional positive cashflow companies that could be immediately accretive and complementary to its core technologies. For more information, visit the company’s website at www.GoldenMatrix.com. NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

Correlate Infrastructure Partners Inc. (CIPI) Kicks Off Installation of 908-kW Rooftop Solar Power Project at Continental Envelope Headquarters

  • Correlate Infrastructure Partners has begun construction of a 908-kW rooftop solar project at Continental Envelope headquarters in Geneva, Illinois
  • Once completed, it will power approximately 20-25% of the facility’s overall energy needs, and be one of the state’s biggest rooftop solar facilities
  • Correlate’s management believes that this project is a demonstration of its commitment to designing and building customer-centric energy solutions for companies across various industries
  • It also believes that it is a good example of how sustainable a large-scale industry such as printing can be when applying the best technology
On April 28, 2022, Correlate Infrastructure Partners (OTCQB: CIPI) announced its partnership with Continental Envelope to set up a 908-kW rooftop solar project at its headquarters in Geneva, Illinois. On May 5, the company announced that final engineering, permitting, and interconnection work had begun in what will be one of Illinois’ largest rooftop solar power facilities (https://ibn.fm/TJ5Q1). “Correlate Infrastructure Partners loves supporting ESG-focused businesses that are making a true difference in their industries and communities,” noted Todd Michaels, Correlate’s Chief Executive Officer (“CEO”). “This attractive project makes clear that sustainability and profitability are no longer at odds. This is a call to action, Chicagoland!” he added. Continental Envelope produces over 2 billion envelopes per year, making it one of the leading independent manufacturers of commercial envelopes since the 1930s. Some of its clients include but are not limited to Netflix, Capital One, AT&T, and American Express. The move towards clean energy shows the company’s commitment to making the planet greener and complements its “Pushing the Envelope” Community Gardens surrounding its Illinois property. This solar project is scheduled for completion by Q3 2022, and once done, it will power approximately 20-25% of the facility’s overall energy needs. It is further estimated that over the next 20 years, this project will help offset around 18,849 tons of carbon dioxide from the atmosphere, an amount equivalent to planting 282,000 trees or 42 million car miles driven. “This solution for Continental Envelope is a demonstration of Correlate’s commitment to designing and building customer-centric energy solutions that not only deliver profitable sustainability but create great jobs and visibility in the local community,” noted Jason Loyet, the director of Commercial Solar for Correlate. Correlate’s management is confident that this project proves that this kind of energy forward-thinking applies to manufacturing businesses of all kinds and sizes worldwide. It is also optimistic that, with Continental Envelope’s adoption of this green energy solution, the bar has been set to define sustainable businesses and other health programs designed to achieve net-zero carbon. “We are grateful to partner with this innovative family business that shows the printing industry can be more efficient and renewable without compromising reliability or profitability,” reckoned Mr. Michaels. For more information, visit the company’s website at www.CorrelateInfra.com. NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

From Our Blog

“Urgent Action: PaxMedica Inc. (NASDAQ: PXMD) Addresses Medical Crisis in Malawi”

April 24, 2024

In recent developments, PaxMedica (NASDAQ: PXMD), a renowned biopharmaceutical company specializing in treatments for neurological disorders, has taken swift action to address a pressing medical situation unfolding in Malawi, East Africa. The Ministry of Health (“MOH”) of Malawi has issued a plea for access to IV suramin, a vital medication in combating the life-threatening sleeping […]

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