SMX SECURES US$5 MILLION CONTRACT WITH R&I FOR NATO SUPPLY CHAIN TRANSPARENCY

SMX Announces Planned Launch of World’s First Plastic Cycle Token

SMX Secures Majority Stake in True Gold Consortium

READ THE INVESTOR PRESENTATION BY CLICKING HERE

Hello Everyone,

Before we head into the weekend we have one last company for you to take a look at and research.

This one has the potential for a bounce from it’s current levels after a recent run followed by some profit taking and some short selling.

SMX could be set up for a reversal based on whats taken place over the past month or so. 

Just take a look at the chart and you will see what I mean as far as a bounce from where it is sitting right now.

SMX is just looking for a shift in momentum and it has the potential leave the .20 level in the dust.

SMX (NASDAQ: SMX) pioneers a groundbreaking shift towards a circular and closed-loop economy through blockchain-enabled digitization of physical objects. Their innovative ‘augmented materials’ unveil comprehensive details on material provenance, purity, and integrity, fostering smarter and more efficient industry practices. 

Driven by a vision to redefine global commerce, SMX advocates for a real-world circular economy, epitomized by “The System Within.” This transformative approach integrates sustainability at the molecular level, catalyzing profound industry-wide change. SMX’s technology offers four key benefits: multi-stage and multi-loop traceability, streamlined data flow, knowledge accumulation potential, and versatile application possibilities. 

By accurately tracing raw material origins, it empowers businesses to claim tangible carbon and plastic credits tied to recycled commodities. As industries embrace circular economies, SMX emerges as a crucial technological enabler, providing transparent and measurable solutions to address carbon neutrality and evolving regulatory landscapes. 

With applications across diverse sectors, it offers a sustainable pathway for businesses aiming to excel in the 21st-century circular economy.

Discover the Power Within: Driving Sustainable Innovation with SMX!

‘From in the dark to informed intelligence’ 

There are moments the ground shifts beneath our feet. Suddenly, the entire global landscape changes, and business can no longer operate in the way it did before. Today, we are experiencing that change. The world is demanding greater and greater transparency, efficiency and resilience – a call to do things better; a challenge loaded with so much exciting possibility. 

That is why SMX decided to find a new way to unlock knowledge – to help counter the lack of transparency and create a system where bad actors have nowhere to hide. With ‘augmented materials,’ you can know the granular detail of a material – its provenance, its purity, its integrity. That way, transparency can be built-in, and industry can gain the intelligence it needs to work in smarter and more productive ways – linking parts of the value chain and enabling use, reuse and reuse again to realize the potential of materials. 

It’s a system designed for the 21st century economy. A system that is highly innovative and can empower businesses to build the real-world circular economy. A system that can help change the way we operate from the inside out. The system within.

Enabling Technology to Successfully Transition to a Circular Economy 

As global businesses faces new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy.

That is why SMX decided to find a new way to unlock knowledge – to help counter the lack of transparency and create a system where bad actors have nowhere to hide. With ‘augmented materials,’ you can know the granular detail of a material – its provenance, its purity, its integrity. That way, transparency can be built-in, and industry can gain the intelligence it needs to work in smarter and more productive ways – linking parts of the value chain and enabling use, reuse and reuse again to realize the potential of materials. 

SMX 4 Key Benefits

• →Multiple-stages and multiple-loops traceability:The resilience of the SMX marker and block-chain platform is designed to ensure that the data is never compromised or lost, enabling more accurate and reliable traceability as the material is recycled/reused multiple times
• →Enhanced data flow and circularity: The SMX marker enables you to store data at a molecular level within products and materials, allowing for increased transparency of marked content, for greater granularity and ease of recycling
• →Exciting knowledge gathering potential: The SMX reader is designed to enable easy data gathering at any point within the supply chain, without affecting the product or material, eliminate blind spots, and provide the complete picture
• →Multiple application possibilities: Each SMX marker is unique and can be applied to any material, providing access to a large number of markers and a system with greater potential for different applications

Vision

To unlock the way global business will operate tomorrow, by enabling a real-world circular economy. 

We can help make the transition to a circular economy positive, productive and profitable for everyone in the value chain – and for the planet. 

“ Our goal is to be the global standard & best practice for recording & connecting all physical goods with a digital twin on the blockchain“

Top 10 Reasons to Have SMX on Your Radar

• →
• Sustainable Recycling Solutions :SMX’s groundbreaking technology, developed in partnership with NAFRA and BSEF, revolutionizes plastic recycling, fostering a circular economy and promoting sustainability in the industrial sector.
• →
• Premier Fashion Industry Presence: SMX’s recent attendance at Première Vision Paris signals a pivotal step towards transforming the fashion industry with sustainable solutions.
• →
• Major Contract Wins: With a $5 million contract secured with R&I Trading for NATO supply chain transparency, SMX demonstrates its ability to deliver cutting-edge technology solutions on a global scale.
• →
• Innovating Plastic Recycling:SMX’s planned launch of the world’s first Plastic Cycle Token promises to revolutionize the recycling industry, offering a reliable digital credit platform for billions of dollars in recyclable plastics credits.
• →
• Addressing Environmental Challenges: With a commitment to reducing waste and promoting circular economies, SMX is at the forefront of tackling pressing environmental issues, including plastic pollution and supply chain transparency.
• →
• Proven Technology:SMX’s proprietary technology, including chemical markers, reader technology, and blockchain data storage, enables precise identification and tracking of raw materials, promoting efficient recycling and reuse.
• →
• Trusted by Industry Leaders: Partnering with industry giants like EF Hutton and R&I Trading, SMX has earned the trust and confidence of key players in various sectors.
• →
• Ethical and Sustainable Practices: With a focus on ethical sourcing, authenticity verification, and environmental stewardship, SMX is dedicated to promoting sustainable business practices across industries.
• →
• Regulatory Compliance:Operating within regulatory frameworks such as the EU Packaging and Packaging Waste Regulation, SMX ensures adherence to industry standards and promotes responsible waste management practices.
• →
• Investor Opportunity: As a leader in sustainable technology solutions, SMX presents a compelling investment opportunity for those seeking to align their portfolios with companies driving positive environmental and social impact.

What is the ‘Circular Economy’?

The circular economy represents a fresh perspective on how markets, customers, and natural resources interact.

• The circular economy moves away from the traditional “take- make- dispose” economic model to one that is regenerative by design, with the goal of retaining as much value as possible from resources, products, parts and materials to create a system that allows for longer life, optimal reuse, refurbishment, remanufacturing and recycling.
• Companies who implement the circular economy concentrate on rethinking products and services using principles based on durability, renewability, reuse, repair, replacement, upgrades, refurbishment and reduced material use.
• By applying these principles, companies can design out waste, increase resource productivity and decouple growth from natural resource consumption.

This is the biggest opportunity to transform production and consumption since the First Industrial Revolution 250 years ago. By unleashing circular innovation, we can boost the global economy’s resilience, support people and communities around the world and help fulfil the Paris Agreement and the UN Sustainable Development Goals.

World Business Council for Sustainable Development,
CEO Guide to the Circular Economy,2017

Market Applications and Appeal

SMX’s technology can be applied at a molecular level on solids, liquids or gas at multiple points in the supply chain as a drop in solution. This enables SMX to work strategically in the following segmented markets, across a variety of materials.

SMX Tech Solution Benefits

• CIRCULAR ECONOMY 
• The raw material is marked and recorded on blockchain to enable more accurate identification for recycling and allows the company to lodge a credible carbon credit claim.
• BLOCKCHAIN PLATFORM (optional)
• Gives the ability to detect diversion of products and verify Product Authenticity in real time without destroying the item at multiple points in the supply chain and at retail level.
• SUPPLY CHAIN INTEGRITY
• Greater protection from Product Diversion/Loss or Dilution or Substitution.
• COMPLIANCE & LIABILITY
• Enabler of compliance for ESG regulations, international customs and industry quality regulation. Markers are compatible with food regulation.
• MORE COMPREHENSIVE TRACEABILITY
• Greater traceability of product origin (i.e. Authenticate Ethical Sources & Origination) and supply chain history. Ability to read product’s history by scanning the item. In addition to date & origin and material composition, it can identify if any parts have been changed or repaired (where & when).

The World Business Council for Sustainable Development – Member

WBCSD is delighted to welcome Security Matters as our newest member. There is a huge potential for this kind of technology to revolutionize industries including fashion, electronics, agriculture, gold and precious stones. We look forward to working with Security Matters to help advance our shared goals

Peter Bakker, President and CEO of WBCSD, 10 June 2020

A Significant & Growing Market

The circular economy is a US$4.5 trillion opportunity, presenting potential for global economic growth, accelerating society towards a sustainable future

The Global Plastic Recycling Market is estimated to reach US $60.7bn by 2025

Global textile waste is expected to reach 148 million tons annually by 2030

‍

SMX Tech and Blockchain Benefits For Ethical & ESG Compliance

For Raw Commodities, Precious Metals & Diamonds

Redefining Fashion: Enter the Circular Economy with The Fashion Equilibrium!

Amidst the drive to curb single-use plastic waste, the UK HMRC introduces the Plastic Packaging Tax (PPT), targeting plastic packaging with less than 30% recycled content, with a £200 per tonne levy.

Enter SMX, a trailblazer in blockchain-based object digitization for a transparent circular economy. Their solution aligns with UK legislation, enabling seamless compliance with the 30% recycled plastic requirement.

SMX’s groundbreaking marking technology withstands processing, digitally and physically tagging recycled plastics. This ensures robust auditing, crucial for regulatory adherence.

By adopting SMX’s solution, companies transition from linear to circular economy paradigms, reaping benefits like enhanced supply chain visibility and resource optimization. Expect heightened recycling rates and reduced carbon footprint—a win-win for businesses and the environment.

Equilibrium Circular Economy

True Gold

An ethical gold supply chain assurance solution that spans the gold value chain from mine to refinery to terminal market through recycling and

• →To better enable the parties in the Gold value chain to authenticate and provide proof of quality, quantity and origin of gold for credible ESG reporting for stakeholders, insurance, trading platforms, logistics, financing, international customs and industry regulations.
• →To create a digital twin that is recorded on a digital blockchain platform for physical products – enabling different players in the Gold value chain of production to create a global ledger of physical goods.
• →To enhance, compliment & promote the current ESG frameworks provided by WGC (Responsible Gold Mining Principles) and LBMA (Responsible Sourcing Programme), by offering its members a technology and blockchain platform that can promote and help drive integrity, anti-counterfeiting, corporate transparency, accountability and sustainability.

Fashion Sustainability Competence Centre

Enabling Fashion Brands to Meet Carbon Neutrality & ESG Targets

SMX officially opened a Fashion Sustainability Competence Centre to provide fashion brands more transparent, cost-effective and efficient access to SMX’s ‘plug & play’ proprietary technology that has been designed for use within the fast, high volume and low-price fashion industry.

• →SMX’s innovative technology and digital twin blockchain platform 3.0 that can enable participating fashion brands to recycle their own merchandise (clothes, shoes, accessories including sunglasses) back into higher quality materials and merchandise, is ready for commercial scale operations. SMX can work with fashion brands by building and adapting the technology to their production facilities.
• →SMX Blockchain provides a more transparent, cost efficient and tangible platform for upstream and downstream value chain players to co-ordinate, share data and evolve production methods from a linear model (take-make-dispose) to a circular model (take- reuse/make – recycle).
• →SMX’s Equilibrium Circular Economy business model can reduce the amount of raw materials required and amount of waste whilst meeting the financial goals and ESG demands of the market and consumers, which is vital to future-proof the fashion industry.
• →It is envisioned that the SMX technology can allow US, UK and EU companies to comply with new regulations on carbon emission and sustainability including the EU Green Deal.
• →SMX’s technology is applicable across a range of materials including wool, organic cotton, organic silk, leather, EVA, TPU, ABS, PET, Vegan Leather, Polyester and its applications encompasses shoes, trainers, leather goods, clothes, sunglasses and accessories.

Empower Your Tech Journey: Explore the Latest Innovations in Electronics!

The World Business Council for Sustainable Development (WBCSD) and SMX launched a pilot project for Circular Electronic Manufacturing

• →Invited by the WBCSD, SMX joined the first private sector alliance of top electronic brands and its founding partners of the Circular Electronics Partnership (CEP).
• →The members of the CEP include Dell Technologies, Microsoft, Cisco, Google, Vodafone, Lanxess, Sims Lifecycle Services, Glencore, KPMG International and Closing the Loop, among others.
• →The Circular Electronic Manufacturing pilot project can play a tangible and practical role in CEP’s roadmap for the electronic brands and manufacturers to transition more successfully to a circular economy.

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NEWS

PUBLISHED

5 DAYS AGO

SMX Appoints Ofira Bar as Chief Financial Officer

PUBLISHED

FEB 28, 2024

Project Launched to Demonstrate How Technology Can Enhance Recycling and Advance Circularity

PUBLISHED

FEB 21, 2024

SMX (Security Matters) PLC Announce Closing of $2.9 Million Public Offering

PUBLISHED

FEB 16, 2024

SMX (Security Matters) PLC Announces Pricing of $2.9 Million Public Offering

PUBLISHED

JAN 31, 2024

SMX SPEARHEADS SUSTAINABLE FASHION AT PREMIÈRE VISION PARIS

PUBLISHED

JAN 26, 2024

SMX Announces Receipt of Nasdaq Listing Delinquency Notice

PUBLISHED

JAN 12, 2024

SMX SECURES US$5 MILLION CONTRACT WITH R&I FOR NATO SUPPLY CHAIN TRANSPARENCY

PUBLISHED

DEC 15, 2023

DELETED: SMX Announces the Appointment of Jean-Philippe Bailly as Chief Operating Officer for its Fashion Sustainability Competence Centre

PUBLISHED

NOV 28, 2023

SMX Announces Planned Launch of World’s First Plastic Cycle Token

PUBLISHED

OCT 10, 2023

SMX Secures Majority Stake in True Gold Consortium

PUBLISHED

SEP 27, 2023

Domaine Des Massifs and SMX Have Launched a Joint Project To Certify The Origin Of The Raw Material That Is Traceable In The Finished Product

PUBLISHED

SEP 27, 2023

Domaine des Massifs and SMX have Formed a Strategic Collaboration to Revolutionize Traceability.

SINCERELY,

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X3 Holdings Expands Bitcoin Miner Fleet with Stable Supply of High-Performance Machines

X3 Holdings Launches AI and Metaverse Air Cargo Platform, Paving the Way for a New Era in Digital Trade

Our management team is gearing up for a strategic meeting to discuss a potential issuance of stock dividends. Stay tuned as we crunch numbers and plot the course for shareholder success！$XTKG #x3holdings #sharedividends #Growth #technology #ArtificialIntelligence #BTC #bigdata…

— X3 Holdings (@X3Holdings) February 26, 2024

‍

Hello Everyone,

We have a brand new profile for you to research immediately for Wednesday’s session.

Pull up XTKG Immediately.

X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider of digital solutions and technology services spanning diverse industries. The Company is operating across diversified business segments in digital technologies, cryptomining operations, renewable energy and agriculture technologies. X3 Holdings is headquartered in Singapore with subsidiaries and operations globally.

We all know that energy efficient Bitcoin mining is a super hot sector to be operating in.

Since the beginning of the year XTKG has released a slew of news surrounding their mining operations that has been able to get investors excited.

Just last week they announced the signing of a term sheet for multi-year purchase agreements with a leading supplier of bitcoin mining equipment.

X3 Holdings will purchase the next generation of Avalon bitcoin miners in tranches, using a combination of cash and vendor credits. A total of 30,000 bitcoin miners are projected to be purchased by 2026.

‍

CryptoMining Business Segment

X3 Holdings Co., Ltd. is a global provider of technology solutions and services spanning diverse industries, established since 1997.

A publicly listed company (Nasdaq: XTKG), X3 Holdings is headquartered in Singapore with subsidiaries and operations globally.

X3 Holdings is operating across four business segments: digital technologies, cryptomining operations, renewable energy, and agriculture technologies.

Cryptomining Business

Renewable energy supported and sustainability-focused bitcoin mining operations with high performance mining machines, diversified across hosting sites in Central Asia. Asset light model – focusing on investment in mining machines rather than infrastructure for maximized return of investment on revenue generating assets and minimized capital expenditure.

Partnering with leading crypto machine manufacturers for stable access to top-tiered performance mining hardware to drive an efficient scaling of miner fleet at global cryptomining operations.

Cryptomining Operations

Leveraging strong partnerships with diversified hosting facilities operated and supported by sustainable energy sources to minimize operational cost and mitigate regulatory and site related risks.

Focusing on expansion of global bitcoin mining capacities powered by hydroelectric, solar energy and wind power renewable energy sources collocated with hosting sites.

Prudent and efficient scaling at existing cryptomining operations and expanded locations with low-cost sustainable energy sources with a projected fleet of 40,000 miners by 2025.

Sustainability Focus

Development of bitcoin mining operations and facilities powered by renewable energy sources from solar energy and hydroelectric power across global geographically diversified locations.

Broader international footprint and continued emphasis on deploying crypto miners at renewable energy powered sites with a long term goal to become entirely carbon neutral.

Cleantech solutions to recover and repurpose excessive heat from the cryptomining machines as a heating source for collocated farming greenhouses, further reducing carbon emissions.

Crypto & Agribusiness

Developing cleantech solutions for recovering and repurposing the excessive waste heat generated from the cryptomining machines for heating use in the collocated farming greenhouses.

Cryptomining operations benefiting from an added revenue stream and lower cooling cost offsetting electricity, while greenhouses benefiting from lower cost of heating and microclimate control.

The same renewable energy is used twice, leading to substantial less carbon emissions by the efficient use of heat at collocated cryptomining operations and farming greenhouses.

X3 Holdings Expands Bitcoin Miner Fleet with Stable Supply of High-Performance Machines

PUBLISHED

FEB 28, 2024 6:00AM EST

SINGAPORE, Feb. 28, 2024 /PRNewswire/ — X3 Holdings Co., Ltd. (Nasdaq: XTKG) (“X3 Holdings” or the “Company”), a global provider of digital solutions and technology services spanning diverse industries, is pleased to announce the signing of a term sheet for multi-year purchase agreements with a leading supplier of bitcoin mining equipment.

X3 Holdings will purchase the next generation of Avalon bitcoin miners in tranches, using a combination of cash and vendor credits. A total of 30,000 bitcoin miners are projected to be purchased by 2026. These miners will be strategically deployed at the Company’s globally diversified hosting sites powered by renewable energy sources.

The next generation of Avalon bitcoin miners is known for their extraordinary energy efficiency and superior performance metrics, with industry-leading hashing power and energy efficiency. Introduced since 2013, Avalon miners have continually expanded their energy efficiency and hashing capability, with growing adoption by mining entities worldwide.

Stewart Lor, CEO of X3 Holdings, expressed his confidence: “This agreement with our strategic partner ensures that we have a stable supply of top-tiered mining equipment, which is extremely crucial in expanding our miner fleet. I am confident that our cryptomining business will substantially drive our overall future growth.”

X3 Holdings Boots Bitcoin Mining Fleet in Central Asia, Eying Sustainable Growth

PUBLISHED

FEB 7, 2024 8:00AM EST

SINGAPORE, Feb. 7, 2024 /PRNewswire/ — X3 Holdings Co., Ltd. (Nasdaq: XTKG) (“X3 Holdings” or the “Company”), a global provider of digital solutions and technology services spanning diverse industries, is pleased to announce a significant expansion of its bitcoin mining operations. The Company has successfully deployed 2,000 bitcoin mining machines in its Central Asian facility, a move that underscores X3 Holdings’ commitment to growth and sustainability in the digital asset space.

This latest deployment is set to supercharge X3 Holdings’ mining capabilities, with the new ASIC miners projected to achieve an impressive hash rate of 0.28EH/s. It’s a strategic step within the Company’s broader vision to amplify its BTC hashing power through the addition of next-generation of mining technology in the near term.

Strategically located, the Central Asian facility leverages hydro-powered and renewable energy sources, ensuring mining operations are both cost-effective and environmentally friendly. In a move towards sustainability, the Company is collaborating with its hosting partner to incorporate solar energy solutions, marrying cutting-edge bitcoin mining with eco-friendly land use practices.

Stewart Lor, CEO of X3 Holdings, shared his excitement: “The deployment of our bitcoin miners in Central Asia marks a pivotal advancement. Our strategy to scale up our mining operations is fueled by low-cost renewable energy, setting the stage for significant growth. Our venture into cryptomining is not just an expansion – it’s a testament to our foresight in harnessing sustainable energy for substantial growth.”

X3 Holdings Launches AI and Metaverse Air Cargo Platform, Paving the Way for a New Era in Digital Trade

Dive into the future of air cargo management with our latest video! Discover how #X3Holdings $XTKG is transforming the industry with our AI Air Cargo Platform with humanless border control. Experience the innovation this week! ✈️ #AI #AirCargoInnovation #DigitalTransformation… pic.twitter.com/Id677p8Ksk

— X3 Holdings (@X3Holdings) February 23, 2024

PUBLISHED

FEB 21, 2024 8:30AM EST

SINGAPORE, Feb. 21, 2024 /PRNewswire/ — X3 Holdings Co., Ltd. (Nasdaq: XTKG) (“X3 Holdings” or the “Company”), a global provider of digital solutions and technology services spanning diverse industries, proudly announces the debut of its innovative AI and metaverse-based air cargo airport management and operations platform. This advanced platform, harnessing the power of AI, IoT, and digital twinning technology, is a significant stride in transforming global trade digital solutions and services.

The platform marks a new paradigm in cargo airport operations by creating an immersive, highly interactive virtual environment that mirrors the complexities of real-world operations. By leveraging cutting-edge digital twinning technology, the platform offers detailed and comprehensive view of airport functions, transforming the efficiency and precision of global trade operations.

The platform is not merely a technological breakthrough; it’s a strategic tool that dramatically enhances the efficacy of airport management, customs operations, and logistics and transportation. The platform is redefining operational excellence in the global trade domain, offering unprecedented improvements in accuracy and efficiency.

On the operational front, the platform has already demonstrated significant impact. Airport and customs authorities are experiencing enhanced accuracy and efficiency in real-time cargo management. Likewise, logistics and transportation companies are capitalizing on the platform for more strategic and efficient planning and execution of cargo transportation.

Currently, the platform is operational on ten international air cargo routes, connecting key trade centers like New York, Frankfurt, Shanghai, Abu Dahbi, and Delhi. It’s not only optimizing air cargo transportation but also setting a new benchmark in service quality for a global user base. X3 Holdings is aggressively pushing the envelope in AI and metaverse technology, aiming to revolutionize digital applications in global trade and beyond.

Stewart Lor, CEO of X3 Holdings, expressed his commitment: “In the era of digital transformation, we are invigorated by the groundbreaking advancements from Sora. Our initiative to integrate ChatGPT and Sora technologies into our digital trade platform is not just a step forward, it signifies a strategic evolution towards adopting the innovations that will redefine the future of global trade. This move is about more than keeping pace in the realms of digital and metaverse advancements; it represents a significant leap toward achieving our goal of revolutionizing how the world engages in trade. We are on a mission to lead the change, stepping into a future where X3 Holdings is at the forefront of global trade innovation.”

DIGITAL TECHNOLOGIES

Facilitating Digital Transformation with Solutions and Services across the Global Trade Supply Chain

Digital Trade Platform

• Servicing all stakeholders in the global trade ecosystem backed by a trusted digital platform for trading partners, service providers and government authorities worldwide
• Encompassing cross-border trades, logistics and shipping, customs clearance, and transactions and settlements, with enhanced traceability and transparency across the entire supply chain
• Fintech services for financial institutions designed for monitoring and risk control in enhancing settlement security, and data analysis and decision making tools for ensuring efficient supply chain financing

Trade Zone Solutions

• Digital solutions and services for developing and operating free trade zones, bonded goods facilities and warehouses, and cross border trade zones and other regulated trade zones and facilities
• Solutions for zone management, enterprise applications, customs monitoring, and other financial and logistics services for trade zone authorities and global trade related enterprises
• Blockchain-enabled supply chain transparency, streamlined customs clearance, expedited import and export process, and increased international trade volume for the regulated trade zones

Global Compliance Solutions

• Global compliance and supply chain solutions for multinational manufacturing and international trade enterprises, satisfying regulatory requirements of customs authorities in various countries
• Streamlined documentation process and integrated data sharing relating to customs, tax, logistics and shipping, strengthening collaboration among customers’ subsidiaries and operations worldwide
• Expedited flow of raw materials and finished goods across the entire supply chain throughout the world, fostering and accelerating customer’s global market expansion and business development

Int’l Trading of Products

• Engaging in international trading of select products by using data from the global trade platform and market analysis on trade composition, trade logistics, and market trends and development
• Collaborating with global supply and channel partners to capitalize on international trading opportunities for consumer products and commodity products with high profit and growth potential
• Leveraging on over two decades of international trade industry experience and a global network of operations and logistics partners for stable access to efficient logistics and shipping channels

RENEWABLE ENERGY

Integrating Policy, Technology, and Capital Resources to Help Power a Sustained Future

Renewable Energy

• An integrated renewable energy model driving for the adoption of solar energy and development of new energy vehicles and agriculture machinery in key developing Asian markets
• Strategic partnership with industry leading players, weaving together policy, technology, capital, and regional resources to cultivate a scalable renewable energy business with robust growth potential
• Deployment of diverse operational models in research and development, manufacturing and operations, and platform and channel services, fostering an efficient ecosystem for all stakeholders

EV’s & Agri Equip

• Collaborating with leading manufacturers and suppliers of electric vehicles and agriculture machinery and equipment for the design, implementation and operations in target markets
• Harnessing partners’ technological and manufacturing capacities to establish regional brands in Asia and extending brand influence and market reach across developing and emerging markets
• Implementing financial and investment strategies and solutions to support production facility development and operations as well as brand and channel development

Solar Projects

• Forging strategic alliances with leading solar system providers in developing a portfolio of regional solar energy and storage projects catering to agricultural and industrial needs of target Asian markets
• Exploring opportunities in research and development as well as assembly and production of photovoltaic panels and systems in Asian countries with favorable cost structures and regulatory environments
• Developing solar energy charging stations tailored for electrical vehicles and clean energy driven agricultural machinery, complete with integrated digital technology solutions and services

Integrated Models

• Developing integrated renewable energy solutions for agriculture and cryptomining, resulting in lower electricity cost and reduced carbon emission with a positive impact on the environment and society
• Agriculture services encompassing distributed energy and storage system installation, greenhouse and digital agritech operations, renewable energy powered farming equipment and electric charging stations
• Collaborating with cryptomining hosting facilities, leveraging cost effective renewable energy sources to drive sustainable cryptomining practices, aspiring and aiming for carbon neutrality

AGRICULTURE TECHNOLOGIES

Bringing Digital Technologies and Smart Solutions for Enhanced
Farm Efficiency

Smart Agritech

• Agritech platform and services for monitoring and managing crops and livestock farming, utilizing big data, artificial intelligence and IoT technologies to provide data analysis and decision making tools
• For crops, providing environment data and insights such as temperature and humidity, as well as soil properties such as moisture, pH and soil fertility for enhanced farm management and operations
• For livestock, digital services integrating IoT sensors, satellite positioning, electronic fences and livestock biometric for managing livestock identification, quantity, location, and health status

Greenhouse Solutions

• Integrated solutions for greenhouse development and operations, benefits including higher crop yield, less water and fertilizer used, increased food safety, and enhanced sustainability with solar power
• Collaborating with global partners and integrating advanced technologies such as IoT and AI, microclimate control and refrigeration, lighting technologies, and pest and disease control
• Integrated greenhouse operations with adjacent cryptomining facilities where the heat generated are recycled and repurposed for climate and temperature control in the greenhouses

Agri Fintech

• Fintech solutions and services for crops and livestock farming through the use of blockchain, IoT, and data technologies, developing digital asset models for agricultural crop and livestock products
• Digital asset models transforming agriculture assets into traceable digital assets tradable on agriculture digital markets and utilized by farming and processing enterprises to obtain financing
• Developing a digital platform for managing and monitoring livestock with digital assets created as a collateral for financial institutions in providing financing to farming communities

Integrated Services

• A package of sales and services encompassing agriculture machines and equipment, photovoltaic modules, and solar powered charging stations for regional farmers and farming communities
• Growing of high demand and high profit specialty fruits, vegetables and teas such as fruit flavored corns, multi-color tomatoes, and multi flavored teas in the greenhouses and open fields
• Sales of specialty fruits and vegetables through regional wholesale and distribution channels, as well as direct sales to consumers on leading global and regional ecommerce retail platforms

‍

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SINCERELY,

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BEAUTY AND FASHION SAAS SOLUTIONS DEPLOYED BY 640+ BRANDS ACROSS 80 COUNTRIES WITH A TOTAL OF 300+ EMPLOYEES, INCLUDING OVER 130+ R&D STAFF

The Company’s customer base includes 645 brand clients, with over 704,000 digital stock keeping units (“SKUs”) for makeup, haircare, skincare, eyewear, and jewelry products

PERF IS ALREADY WORKING WITH FORTUNE 500 BEAUTY COMPANIES LIKE CLINIQUE, ESTÉE LAUDER, MAC & SALLY HANSEN JUST TO NAME A FEW

Total revenues was $14.1 million for the three months ended December 31, 2023, compared to $11.1 million in the same period of 2022, an increase of 27.6%

Full year revenue was $53.5 million in 2023, compared to $47.3 million in 2022, an increase of 13.1%

As of December 31, 2023, the Company held $154.2 million in cash and cash equivalents and 6-month time deposits

CHECK OUT THE INVESTOR PRESENTATION HERE

____________________

Hello Everyone,

We have another exciting company that we want you to take a look at for tomorrow’s session.

This is a company that we have never profiled before.

In fact, I have never seen this one profiled on any other newsletter before but with the numbers and growth that this one is demonstrating we expect that we could see that change soon.

Pull up PERF immediately.

Founded in 2015, Perfect Corp. is an AI company leading in SaaS solutions for beauty, fashion and skincare brands. It leverages technologies like Generative AI and 3D AR to enhance consumer shopping experiences across channels for brand clients. It is dedicated to transforming shopping experiences through empowering brands to embrace the digital-first world. By partnering with the largest names in the industry, Perfect Corp.’s suite of enterprise solutions delivers synergistic, technology-driven experiences that facilitate sustainable, ultra-personalized, and engaging shopping journeys, as well as equipping brands with next generation of consumer goods.  Perfect Corp. also operates the YouCam suite of consumer apps, focusing on creative AI-driven features. Financially, the company delivered double-digit revenue growth year-over-year in its most recent earnings report and its bottom line was positive for Q4 2023. It maintains a strong commitment to environmental sustainability and social responsibility.

Perfect Corp. offers a complementary suite of mobile apps, including YouCam Makeup and YouCam Perfect, YouCam AI Pro, and YouCam Enhance to provide a consumer platform to virtually try-on new products, perform skin diagnoses, edit photos, and share experiences with the YouCam Community.

The popularity of artificial intelligence (AI) technology has marked a new era in the digital landscape, presenting a multitude of opportunities across various industries. Within this technological renaissance, Perfect Corp. (NYSE:PERF) stands at the forefront as a potential beneficiary, delivering enterprise SaaS solutions to transform the global beauty, skincare and fashion sectors. This article delves into how Perfect Corp. harnesses AI’s potential, its unique business approach and the potential market opportunities that lie ahead.

AI Growth And Market Influence

Goldman Sachs Research suggests that AI could be the driver of about $7 trillion in global economic growth over the next decade, potentially increasing annual global GDP by 7%. This projection places AI as a pivotal force in driving productivity and long-term economic expansion. As cloud computing’s successor, generative AI is poised to spearhead corporate software innovation and monetization, with industry giants like Microsoft Corporation and Alphabet Inc. already investing billions to capitalize on this trend. Perfect Corp. is positioning itself to capture the AI market’s exponential potential within its own niche of beauty, fashion, photo and video editing and digital avatars.

Perfect Corp: An AI-Centered Leader

At its core, Perfect Corp. embodies an AI-centered philosophy, integrating AI and augmented reality (AR) technologies to revolutionize customer engagement for global beauty, skincare and fashion brands. Its clientele spans prestigious brands and retailers, including The Estée Lauder Companies Inc., Coty Inc, Walmart Inc., Amazon.com Inc. and Alibaba Group Holding Limited, leveraging Perfect’s AI solutions to boost customer engagement, conversion rates and sales.

Innovative Applications And User Engagement

With flagship apps like YouCam Makeup and YouCam Perfect, Perfect Corp. has created an ecosystem where users can explore and express their beauty preferences through virtual makeup try-on, hairstyle try-on, body editing and more. These apps offer a blend of AI-driven features that cater to a diverse user base, enhancing the digital beauty and editing experience. Moreover, the YouCam AI Portrait & Avatar Generator invites users to delve into the metaverse with hyper-realistic digital avatars, reiterating Perfect’s prowess in creating unique, engaging user experiences through a freemium business model.

Synergistic Business Model

Perfect Corp.’s true unique selling proposition (USP) is that it caters to both enterprises and individual consumers through its AI engine and applications. The company’s business model integrates its advanced AR and AI technology to serve the B2B and B2C markets using identical technology, capitalizing on a synergistic approach across sectors. This unique business model enables a dynamic feedback loop where consumer engagement directly fuels enterprise solutions, fostering a cycle of continuous improvement and innovation across both business fronts.

Market Opportunities And Expansion

Perfect Corp.’s technological footprint in the beauty industry is underscored by its strong partnerships with more than 625 global beauty, skincare, and fashion brands and its 1 billion app downloads. With its recent expansion into new verticals, including luxury watch and jewelry Virtual Try-On (VTO), skin diagnosis, hairstyle and accessories, Perfect seems poised to present multiple additional growth opportunities. Furthermore, as brands experience strong return on investment (ROI) from these immersive and interactive AI/AR solutions, Perfect can enhance its market presence by offering an increased range of product variations (SKUs), additional modules and expanding its regional deployment through existing brand clients.

Market Projections

The augmented reality market is estimated to grow at a CAGR of 31.5% over 2021-2026 to reach an estimated value of $88.4 billion, driven by growing demand for AR in e-commerce and healthcare, while the photo editing app market is on an incline, projected to reach $402.37 million by 2030. This growth trajectory is propelled by technological advancements in camera products and software capabilities, which are integral to Perfect Corp.’s offerings. With AI and AR as the backbone, Perfect Corp. seems well-positioned to capitalize on the growth of this expanding market, especially as technological advancements continue to lower the technical knowledge required to edit photos.

Picture Perfect?

Perfect Corp exemplifies the integration of AI and AR into consumer-centric business models, offering a seamless, immersive experience that blurs the lines between the virtual and the real. With its growing success at democratizing beauty and fashion technology and its ongoing commitment to innovation, Perfect Corp. is positioning itself as a promising niche player in the expanding AI landscape.

Perfect Corp. Reports Unaudited Financial Results for the Three Months Ended December 31, 2023 and for the Full Year of 2023

FEB 28, 2024 7:00AM EST

NEW YORK–(BUSINESS WIRE)– Perfect Corp. (NYSE: PERF) (“Perfect” or the “Company”), a global leader in providing augmented reality (“AR”) and artificial intelligence (“AI”) Software-as-a-Service (“SaaS”) solutions to beauty and fashion industries, today announced its unaudited financial results for the three months ended December 31, 2023 and the full year ended December 31, 2023.

Highlights for the Three Months Ended December 31, 2023 and for the Full Year of 2023

• Total revenues was $14.1 million for the three months ended December 31, 2023, compared to $11.1 million in the same period of 2022, an increase of 27.6%. Full year revenue was $53.5 million in 2023, compared to $47.3 million in 2022, an increase of 13.1%. Both increases were primarily due to strong growth momentum in AR/AI cloud solutions and subscription revenues.
• Gross profit was $11.5 million for the three months ended December 31, 2023, compared with $9.1 million in the same period of 2022, an increase of 26.0%. Full year gross profit was $43.1 million in 2023, compared with $40.2 million in 2022, an increase of 7.3%.
• Net income was $1.4 million for the three months ended December 31, 2023, compared to a net loss of $190.3 million during the same period of 2022. Full year net income was $5.4 million for 2023, compared to a net loss of $161.7 million for 2022.
• Adjusted net income and loss (non-IFRS)1 was $1.8 million for the three months ended December 31, 2023, compared to adjusted net loss (non-IFRS) of $0.01 million in the same period of 2022. Full year adjusted net income (non-IFRS) was $7.0 million for 2023, compared with $4.1 million for 2022, an increase of 72.1%.
• Operating cash flow was positive $13.6 million in full year 2023, compared to negative $3.3 million in full year 2022.
• The Company had 162 Key Customers as of December 31, 2023, compared with 169 Key Customers as of September 30, 2023.
• As of December 31, 2023, the Company’s customer base included 645 brand clients, with over 704,000 digital stock keeping units (“SKUs”) for makeup, haircare, skincare, eyewear, and jewelry products, compared with 627 brand clients and over 678,000 digital SKUs as of September 30, 2023.

Ms. Alice H. Chang, the Founder, Chairwoman, and Chief Executive Officer of Perfect, commented, “We closed out 2023 with strong fourth quarter results, achieving a 27.6% year-over-year double-digit revenue growth along with improved gross profit and positive net income. This performance was fueled by robust momentum in our AR/AI cloud solutions and subscription revenue, driven by our advanced AI development. In particular, our beautiful AI products and strategy – encompassing Beauty AI, Skin AI, Fashion AI, and Gen AI – represent the core of our business going forward. While the impact of the pandemic is gradually mitigating, we anticipate a robust recovery in the sales cycle and pipeline in 2024 as conditions improve. We firmly believe that our AI capabilities position us well for continued growth in 2024 and beyond.”

Financial Results for the Three Months Ended December 31, 2023 and for the Full Year of 2023

Revenue

Total revenue was $14.1 million for the three months ended December 31, 2023, compared to $11.1 million in the same period of 2022, an increase of 27.6%. Full year revenue was $53.5 million in 2023, compared to $47.3 million in 2022, an increase of 13.1%.

• AR/AI cloud solutions and subscription revenue was $12.0 million for the three months ended December 31, 2023, compared to $9.6 million in the same period of 2022, an increase of 25.0%. Full year AR/AI cloud solutions and subscription revenue was $44.8 million in 2023, compared with $36.9 million in 2022, an increase of 21.2%. Both double digit growths were due to strong demand for the Company’s online virtual product try-on and skincare solutions from brand customers, the robust momentum in its mobile beauty app subscription growth, and the increasing popularity for its Gen AI technologies and AI editing features for photos and videos. The Company’s mobile beauty app active subscribers grew by 45.7% year over year, reaching a historical high of over 879,000 active subscribers at the end of the fourth quarter of 2023. This increase reflected the continuous interests in the Company’s mobile beauty app services from customers and users.
• Licensing revenue was $1.8 million for the three months ended December 31, 2023, compared to $1.0 million in the same period of 2022, an increase of 77.6%. The increase was due to slightly higher demand from the legacy product license in this quarter. Full year licensing revenue was $7.5 million for 2023, compared with $8.4 million for 2022, a decrease of 10.5%. Since licensing revenue is mostly generated from traditional offline services, the 10.5% decrease indicates brand customers’ strong demand for online virtual product try-on instead of in-store offline offerings.
• Advertisement revenue was $0.3 million for the three months ended December 31, 2023, compared to $0.4 million in the same period of 2022, a decrease of 32.8%. Full year advertisement revenue was $1.2 million in 2023, compared with $1.8 million in 2022, a decrease of 36.1%. The decreases aligned with the Company’s strategy of allocating less resources to advertisement services and focusing on expanding the market leadership in providing AR- and AI-SaaS solutions to brand customers.

Gross Profit

Gross profit was $11.5 million (or 81.3% gross margin) for the three months ended December 31, 2023, compared with $9.1 million (or 82.3% gross margin) in the same period of 2022, an increase of 26.0%. Full year gross profit was $43.1 million in 2023 (or 80.6% gross margin), compared with $40.2 million in 2022 (or 84.9% gross margin), an increase of 7.3%. Despite the increase in gross profits, both gross margins decreased, primarily resulting from the increase in third-party payment processing fees paid to digital distribution partners such as Google and Apple in light of the increase in our mobile app subscription revenue.

Total Operating Expenses

Total operating expenses were $12.7 million for the three months ended December 31, 2023, compared with $77.9 million in the same period of 2022, a decrease of 83.7%. Full year total operating expenses were $48.8 million for 2023, compared with $111.2 million for 2022, a decrease of 56.2%. Both decreases were primarily due to the high base of non-cash listing expenses occurred in the fourth quarter of 2022.

• Sales and marketing (“S&M”) expenses were $6.7 million for the three months ended December 31, 2023, compared to $6.3 million during the same period of 2022, an increase of 6.0%. This was due to an increase in marketing and user acquisition costs. Full year sales and marketing expenses were $25.7 million for 2023, compared to $24.5 million, an increase of 4.8%. This was primarily due to the increase in the marketing events and user acquisition costs, which was partially offset by the decrease in sales and marketing people related expenses.
• Research and development (“R&D”) expenses were $3.0 million for the three months ended December 31, 2023, compared to $2.6 million during the same period of 2022, an increase of 17.7%. Full year research and development expenses were $11.5 million for 2023, compared to $10.5 million for 2022, an increase of 9.3%. The increases were resulted from increases in R&D headcount and related personnel costs.
• General and administrative (“G&A”) expenses were $3.0 million for the three months ended December 31, 2023, compared to $69.0 million during the same period of 2022, a decrease of 95.7%. Full year general and administrative expenses were $11.6 million for 2023, compared to $76.2 million for 2022, a decrease of 84.8%. The decreases were due to the significant decreases in listing related expenses after the de-SPAC transaction and listing process was complete in 2022.

Net Income and Loss

Net Income was $1.4 million for the three months ended December 31, 2023, compared to a net loss of $190.3 million during the same period of 2022. Full year net income was $5.4 million for 2023, compared to a net loss of $161.7 million for 2022. The increases in our bottom line were due to the significant decreases in listing related expenses after the de-SPAC transaction and listing process was completed in 2022 and the increase in fair value of convertible redeemable preferred shares in 2022, which were then converted to Perfect Ordinary Shares upon recapitalization.

Adjusted Net Income (Non-IFRS)

Adjusted net income was $1.8 million for the three months ended December 31, 2023, compared to adjusted net loss of $0.01 million in the same period of 2022. Full year adjusted net income was $7.0 million for 2023, compared with $4.1 million for 2022, an increase of 72.1%.

Liquidity

As of December 31, 2023, the Company held $123.9 million in cash and cash equivalents (or $154.2 million when including 6-month time deposits of $30.3 million, which are classified as current financial assets at amortized cost under IFRS), compared to $115.0 million as of September 30, 2023 (or $201.3 million when including time deposits). The decrease was a result of the completion of tender offer to purchase up to approximately 16 million shares for an aggregate purchase price of approximately $50 million.

The Company had a positive operating cash flow of $13.6 million in full year 2023, compared to negative $3.3 million in full year 2022. The improvement demonstrated the company’s ability to generate sufficient cash flow to support business operations.

Recent Development

On November 24, 2023, the Board of Directors of the Company approved a tender offer to purchase up to 16,129,032 Class A ordinary shares of the Company, par value $0.10 per share (each, a “Class A Ordinary Share”), at a price of $3.10 per share for an aggregate purchase price of approximately $50 million, subject to certain limitations and legal requirements (the “Tender Offer”). The Tender Offer expired at 5:00 P.M., New York City time, on December 26, 2023. A total of 16,129,010 Class A Ordinary Shares were tendered under the tender offer, representing approximately 15.9% of the total number of issued Class A Ordinary Shares outstanding as of the commencement of the tender offer on November 27, 2023.

Business Trends and Outlook for 2024

The strong performance in revenue growth of the fourth quarter of 2023 was a clear signal of recovery in the enterprise new business acquisition from late 2023 versus the slow and prolonged enterprise sales cycle observed in the first half of 2023. The Company entered the fourth quarter of 2023 focused on deepening the penetration in different verticals to provide AI-powered skincare diagnosis products, as well as an increase in the adoption of virtual try-on solutions for jewelry and fashion markets.

On the consumer app front, the Company has launched several new generative AI features for app users. The addition of AI features not only attracted new users to download YouCam apps, but also effectively converted more users into paying subscribers. This progress reflects the result of Company’s Beautiful AI strategy, which focuses on providing world class AI solutions for Beauty AI, Skin AI, Fashion AI, and Gen AI. Those 4 key pillars will play a pivotal role in the Company’s core business moving forward and the Company is committed to keep investing in AI to strengthen our leading position in AI.

Based on the above strong momentum in both enterprise SaaS solution demands and in the mobile beauty app subscriptions business, the Company observed a strong healthy recovery in 2024 with an increase of over 20% in business pipelines. Perfect Corp.’s outlook on its 2024 full-year revenue is:

• The Company’s total revenue recognized under IFRS year-over-year growth rate is expected to range from 12% to 16% compared to 2023.

Note that this forecast is based on the Company’s current assessment of the market and operational conditions, and that these factors are subject to change.

NEWS

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FEB 20, 2024

Perfect Corp. to Announce Financial Results for the Full Year 2023 on February 28, 2024

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Perfect Corp. Expands AI Skin Simulation Technology, Helping Consumers Visualize Skin Improvements in Seconds

PUBLISHED

FEB 1, 2024

Perfect Corp. Wins Two Innocos Biohackers’ Beauty Awards for Best Skincare Diagnostic and Best Haircare Diagnostic with its Beautiful AI Solutions

PUBLISHED

JAN 30, 2024

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JAN 2, 2024

PERFECT CORP. SET TO REVEAL TOP AI TECH TRENDS OF 2024 AT CES WITH GAME-CHANGING ‘BEAUTIFUL AI’ INNOVATIONS ACROSS BEAUTY, SKINCARE, FASHION, AND GENERATIVE AI

PUBLISHED

DEC 27, 2023

PERFECT CORP. ANNOUNCES PRELIMINARY RESULTS OF PREVIOUSLY ANNOUNCED SELF TENDER OFFER TO PURCHASE UP TO 16,129,032 CLASS A ORDINARY SHARES FOR AN AGGREGATE PURCHASE PRICE OF UP TO $50,000,000

PUBLISHED

DEC 21, 2023

THE BEAUTIFUL AI REVOLUTION: LATEST GLOBAL TREND REPORT BY PERFECT CORP. REVEALS THE TOP GENERATIVE AI TRENDS IN BEAUTY AND FASHION

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DEC 19, 2023

PERFECT CORP (NYSE:PERF): THE VANGUARD OF BEAUTY AND FASHION TECH INNOVATION THAT HELPS BRANDS DRIVE SALES

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DEC 15, 2023

PERFECT CORP. INITIATES TENDER OFFER: A DEEP DIVE INTO WHAT THIS MEANS FOR INVESTORS

PUBLISHED

DEC 13, 2023

“AI THAT MAKES EVERYTHING BEAUTIFUL”: EXPLORING PERFECT CORP.’S SUITE OF CUTTING-EDGE APPS POWERED BY GENERATIVE AI

PUBLISHED

DEC 1, 2023

HOLIDAY AI MAGIC UNLEASHED: PERFECT CORP. LAUNCHES EXCLUSIVE HOLIDAY FEATURES ACROSS FULL SUITE OF YOUCAM APPS

PUBLISHED

NOV 29, 2023

PERFECT CORP. TO SHOWCASE CUTTING-EDGE ‘BEAUTIFUL AI’ INNOVATIONS FOR BEAUTY AI, SKIN AI, FASHION AI, AND GENERATIVE AI AT THE AI SUMMIT NEW YORK 2023

PUBLISHED

NOV 27, 2023

PERFECT CORP. ANNOUNCES COMMENCEMENT OF SELF TENDER OFFER TO PURCHASE UP TO 16,129,032 CLASS A ORDINARY SHARES FOR AN AGGREGATE PURCHASE PRICE OF UP TO $50,000,000

PUBLISHED

NOV 15, 2023

PERFECT CORP. PARTNERS WITH SONA DERMATOLOGY TO ENHANCE PATIENT EXPERIENCE WITH AI SKIN DIAGNOSTIC TECHNOLOGY

PUBLISHED

NOV 14, 2023

A GLIMPSE INTO THE FUNDAMENTALS OF PERFECT CORP., THE COMPANY THAT SEEMS SET TO REVOLUTIONIZE THE BEAUTY AND FASHION INDUSTRY THROUGH ITS INNOVATIVE TECHNOLOGY

PUBLISHED

NOV 8, 2023

HOW PERFECT CORP (NYSE:PERF) IS INTEGRATING AI AND AR TO TRANSFORM THE GLOBAL BEAUTY, SKINCARE AND FASHION INDUSTRIES

MANAGEMENT TEAM

Alice H. Chang CEO and Chairwoman of the Board

Alice H. Chang is Perfect’s founder and has served as the CEO and Chairwoman of the Board since Perfect’s inception in June 2015. Prior to founding Perfect, Ms. Chang served as Chief Executive Officer of CyberLink from October 1997 to May 2015, which under her leadership, became a publicly listed Taiwan-based multimedia software company with offices globally. Prior to that, Ms. Chang was the chief financial officer and executive vice president of Trend Micro Incorporated (TSE: 4704) where she led the capital markets and fund-raising activities. Prior to that, Ms. Chang held various positions in Citicorp across investment banking functions. Ms. Chang holds an MBA from the University of California, Los Angeles, and a B.Sc. from National Taiwan University.

Pin-Jen (Louis) Chen Executive Vice President and Chief Strategy Officer

Pin-Jen (Louis) Chen has served as Perfect’s Executive Vice President and Chief Strategy Officer since March 2022, where he leads the company’s corporate development, strategic partnerships, and marketing efforts. Mr. Chen joined Perfect since its inception in June 2015 as the Vice President of Business Development and Marketing. Prior to joining Perfect, Mr. Chen spent 12 years at CyberLink Corp., where he served as the Vice President of Business Development and Marketing, Head of Consumer Business, and as a development engineer. Mr. Chen holds an M.Sc. and a B.Sc. in computer science from National Taiwan University.

Wei-Hsin Tsen (Johnny Tseng) Senior Vice President and Chief Technology Officer

Wei-Hsin Tsen (Johnny Tseng) has served as Perfect’s Senior Vice President and Chief Technology Officer since January 2019. Dr. Tseng joined Perfect since its inception in June 2015 as the Senior Vice President of Research and Development, leading the company’s engineering efforts. Prior to joining Perfect, Dr. Tseng spent 18 years at CyberLink Corp., where he served as the Senior Vice President of its Research and Development Department, and was a director and manager of its Architecture Department. Dr. Tseng holds a Ph.D., an EMBA and a B.Sc. in computer science from National Taiwan University.

Weichuan (Wayne) LiuChief Growth Officer and President of Americas

Weichuan (Wayne) Liu has served as Perfect’s Chief Growth Officer and President of Americas since March 2022. Mr. Liu joined Perfect since its inception in June 2015 as the Vice President of Business Development and Marketing and the General Manager of Perfect’s U.S. office. Prior to joining Perfect, Mr. Liu served as the Associate Vice President of Business Development at CyberLink Corp. from October 2009 to May 2015. From January 2003 to September 2009, Mr. Liu worked as a senior engineering manager at NVIDIA Corporation (Nasdaq: NVDA). Mr. Liu holds an MBA from Santa Clara University, an M.Sc. from Case Western Reserve University, a B.Sc. from National Tsing Hua University, and a Ph.D. degree in electrical engineering from University of Southern California.

Hsiao-Chuan (Iris) ChenVice President and Head of Finance and Accounting

Hsiao-Chuan (Iris) Chen has served as Perfect’s Vice President and Head of Finance and Accounting since January 2022 and oversees corporate finance and accounting activities of the Company. Prior to joining Perfect, Ms. Chen spent 22 years at CyberLink Corp. since February 2000, with her last two roles being the Special Assistant of the Chief Executive Officer’s Office since March 2021 and the Head of Finance and Accounting since February 2000. Prior to joining CyberLink Corp., Ms. Chen worked at Deloitte from September 1994 to August 1997. Ms. Chen holds an MBA from National Taiwan University and a B.Sc. in agricultural economics from National Chung-Hsing University.

SINCERELY,

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Agrify Corporation Announces $3.4 Million Sales Order From New Jersey Woman-Owned Business HarvestWorks Farm

Agrify Corporation Announces First Multi-Year and Two-Million Dollar Extraction Managed Services Contract with Customer in Michigan

Gross Profit is expected to increase 105% to $1.9 million, compared to $1 millionin Q3 2023

Q4 2023 Net Cash burn is also expected to be the lowest in the Company history, and the Company expects to be in a position to approach cashflow break-even in the second half of 2024

Agrify’s Enters Into First Hydrocarbon Extraction Lab & Vertical Farming Unit Facility in California

‍

Hello Everyone,

We have another new profile that we anted you to research for Friday’s session. This is a company that we have never profiled in the past but are excited to do so.

We have seen some exciting profiles in February that have shown us some serious movement. Today’s profile (Thursday) opened up at 2.07 after closing at 1.98 on Wednesday. We saw it breakout and hit highs of 2.57 shortly before 1 pm for a massive 25% move off the open in one session. We have seen some other big movers in Feb that I will update you on over the weekend before my next profile

Pull up AGFY immediately.

Agrify is a leading provider of innovative cultivation and extraction solutions for the cannabis industry, bringing data, science, and technology to the forefront of the market. Our proprietary micro-environment-controlled Vertical Farming Units (“VFUs”), enable cultivators to produce the highest quality products with unmatched consistency, yield, and ROI (return on investment) at scale. Our comprehensive extraction product line, which includes hydrocarbon, ethanol, solventless extraction, post-processing, and lab equipment, empowers producers to maximize the quantity and quality of extract required for premium concentrates.

We saw this one explode all the way up to .74 on huge interest during Thursday’s session are releasing explosive news that caught The Street’s attention, causing it to have the company’s 2nd highest volume in the past year.

Agrify Corporation Announces $3.4 Million Sales Order From New Jersey Woman-Owned Business HarvestWorks Farm

Deal Includes Additional Multi-Year Production Success and SaaS Fees

TROY, Mich., Feb. 29, 2024 (GLOBE NEWSWIRE) — Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the signing of a multi-year cultivation and extraction deal with HarvestWorks Farm, New Jersey(“HarvestWorks Farm” or the “Customer”), a licensed New Jersey operator. The multi-faceted transaction includes a $3.4 million cultivation and extraction order for 156 of Agrify’s Vertical Farming Units (or “VFUs”) and a complete Turnkey Pure Pressure Solventless extraction Lab Package, a 2-year Service Support Agreement at $350 per pound Production Success Fees (or “PSF”), and a 5-year of approximately $1 million SaaS Fee Agreement.

HarvestWorks Farm is a woman-owned company founded by CEO and entrepreneur, Rita Ruggieri, a New Jersey resident. HarvestWorks Farm was one of the first operators licensed for cannabis cultivation and manufacturing in the Garden State and is dedicated to the cultivation and processing of exceptional quality cannabis products for provisioning centers and distributors as a wholesale contract manufacturer as permitted by the state of New Jersey Cannabis laws and regulations.

Raymond Chang, Chairman and CEO of Agrify, shared that “Agrify is pleased to have the opportunity to work with Rita and her amazing team at HarvestWorks Farm in this fast-growing and exciting new market. Rita is a proven, successful, and an award-winning serial entrepreneur with deep knowledge and passion in the Cannabis industry. Agrify is excited to be HarvestWorks’ partner of choice. Together, we will work to bring the some of the most innovative and high-quality products to the Garden State.”

HarvestWorks Farm has recently completed their 6-day on-site advanced solventless training program with the Senior Training Manager for Solventless Extraction. During the course of the training program, Agrify’s team guided HarvestWorks Farm’s staff through production and manufacturing of some of the most unique and exciting Live Resin and Live Rosin concentrates the market. The HarvestWorks Farm team was trained in all processes relating to Hash Washing, Freeze Drying, Pressing, Jar Tech, Mechanical Separation, and Vape Cart Formulation techniques to produce the finest quality Ice Water Hash, Live Rosin, Jam, Diamonds, Sauces, Rosin Vape Pens, and other textures. HarvestWorks aims to introduce a multi-faucet of products into the New Jersey market by early summer of 2024.

In addition, HarvestWorks Farm will be deploying 70 double stacked VFUs in their approximately 20,000 square feet (about four times the area of a basketball court) building in conjunction with their extraction lab. Phase two of the operation will include another approximately 80+ VFUs in an adjacent building. HarvestWorks Farm has elected Agrify’s Service Support Program whereby a dedicated Agrify Customer Success Manager will be on site to provide operational support, optimizations, and quality control during the first two years of operation. In return, Agrify would receive a yield-based Production Success Fee of $350 per pound of flowers produced. Agrify estimates that the VFU would produce an average of 40 pounds of top-quality flowers per year.

“Agrify’s team has been a pleasure to work with – from designing and engineering to installation of the equipment in our facility. HarvestWorks Farm is excited to optimize strain specific recipes in Agrify’s VFUs, coupled with the data from Agrify Insights software, to produce scalable, consistent, and high-quality cannabis products for a young, dynamic, and rapidly growing New Jersey adult market” said Rita Ruggieri, CEO of HarvestWorks Farm.

Agrify Corporation Announces First Multi-Year and Two-Million Dollar Extraction Managed Services Contract with Customer in Michigan

TROY, Mich., Feb. 22, 2024 (GLOBE NEWSWIRE) — Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced the signing of a term sheet with PDS Ventures, LLC (“PDS Ventures” or the “Customer”), a licensed Michigan operator, to provide PDS Ventures with Agrify’s multi-year end-to-end managed extraction services (“Managed Services”).

Agrify’s Managed Services is a first-of-its-kind program where Agrify leases turnkey extraction and post-processing lab equipment to qualified operators and provides a full-time customer success specialist to guide and manage extraction-related operations for the customer. The customer success specialist will be on-site at the customer’s facility to provide hands-on support, training, and guidance on how to adhere to standard operating procedures of a full suite of extraction equipment. Managed Services allows Agrify to significantly increase the average lifetime value of our customers. Instead of just selling the hardware, this new innovative partnership allows Agrify to invest alongside qualified operators and enjoy multi-year high margin revenue. Operators also benefit from Agrify’s professional design, support, installation, and ongoing training and SOP enforcement to ensure maximum yield and results.

The multi-year Managed Service contract allows Agrify to collect a monthly production success fee based on the actual amount of finished product produced and a monthly management fee during the duration of the contract term. Agrifycould potentially earn up to $2 million throughout the lifetime of this multi-year managed service contract with PDS Ventures.

“We are extremely excited to launch our end-to-end managed service contract with PDS Ventures,” said Brian Towns, EVP & General Manager of Agrify. “We have been planning for the launch of this industry-first end-to-end managed extraction service for some time and it is only possible with the combination of our proprietary managed software and the multiple extraction solutions now under Agrify. Together, we believe PDS Ventures will become one of the most successful extraction operators in the State of Michigan.”

PDS Ventures has signed a 3-year contract with Agrify and together, Agrify and PDS have elected to deploy Agrify’s PX10 Hydrocarbon Extraction System, Hydrocarbon Distillation Unit (HDU), and Diamond Miner from Precision Extraction. The post-processing capabilities have been enhanced by the selection of a HIVE15 Thin Film Distillation System from Lab Society, and to scale solventless processing, the Axis Trichome Separator turn-key package which includes a Pikes Peak Rosin Press.

“We are confident that Agrify’s Managed Services program will be a game-changer for our business,” said Daniel Yatooma, Partner at PDS Ventures. “With Agrify’sexpertise and support, we are excited to expand our extraction capabilities and bring even higher-quality products to our customers.”

Agrify Corporation Announces Preliminary Unaudited Financial Results for Q4 2023 and Update on Customer Project

Expects to Achieve the Lowest Record Net Loss and Cash Burn in Company History

TROY, Mich., Feb. 21, 2024 (GLOBE NEWSWIRE) — Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced preliminary unaudited financial results for the fourth fiscal quarter of 2023 and updates for its Ocean Deep/Golden Lake Business Park project.

Fourth Quarter 2023 Outlook

• Net Loss in Q4 2023 is expected to be at a historical low of $750 thousand, compared to $2.1 million net loss in Q3 2023, and $58 million loss in Q4 2022.
• Loss from Operations is expected to decrease by 46% to a historical low of $2.5 million, compared to $4.6 million in Q3 2023
• Gross Profit is expected to increase 105% to $1.9 million, compared to $1 millionin Q3 2023, and a gross loss of $33.5 million in Q4 2022.
• Q4 2023 Net Cash burn is also expected to be the lowest in the Company history, and the Company expects to be in a position to approach cashflow break-even in the second half of 2024.

Agrify is expected to release its financial results for the fourth quarter and full fiscal year ended December 31, 2023 before the end of March 2024. The financial information presented in this press release may be adjusted as a result of the completion of customary annual review and audit procedures.

Golden Lake Business Park Project Update

Agrify’s customer, Ocean Deep/Golden Lake Business Park, is a California-based vertically integrated cannabis operator. Ocean Deep has completed the purchase of a roughly 30,000 square feet facility in Adelanto, California, and is currently constructing Agrify’s UL-Certified EXP1 Explosion Proof Room. Ocean Deep expects to soon be extracting products with Agrify’s turnkey PX30 Hydrocarbon Extraction Lab Package to bolster its product offerings. Ocean Deep is also expected to begin operation with an estimated 120 Vertical Farming Units (“VFUs”) sold by the Company to produce high-quality cannabis flower in 2024.

Agrify’s Enters Into First Hydrocarbon Extraction Lab & Vertical Farming Unit Facility in California

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TROY, Mich., Jan. 18, 2024 (GLOBE NEWSWIRE) — Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of innovative cultivation and extraction solutions for the cannabis industry, today announced it has entered into a multi-million dollar sales agreement (“the Agreement”) with Ocean Deep/Golden Lake Business Park, a California-based vertically integrated cannabis operator. Ocean Deep will be extracting products with Agrify’s turnkey PX30 Hydrocarbon Extraction Lab Package to bolster its product offerings. Ocean Deep is also expected to begin operation with an estimated 120 Vertical Farming Units (“VFUs”) sold by the Company to produce high-quality cannabis flower in 2024.

The PX30 Hydrocarbon Extraction System is the largest system of Agrify’s PX-series. The PX30’s four 7.5 lbs. material columns can be run in parallel, allowing a complete 30-pound batch cycle in under 60 minutes, and making it one of the largest and fastest extractors on the market with up to 240+ lbs. per 8-hour shift. This robust system is poised to offer enhanced capabilities for hydrocarbon extraction, catering to the demands of commercial operators focusing on large-scale batch processing and extracting for the creation of direct-to-consumer products.

Raymond Chang, Chairman and CEO of Agrify, shared that “We are very excited to announce this agreement for the sale of our first combined VFU and PX30 Hydrocarbon Extraction Lab facility in the state of California. We applaud our partner Ocean Deep/Golden Lake Business Park’s foresight for selecting Agrify’s technologies in the fiercely competitive California market. We believe our superior cultivation and extraction technologies will allow Ocean Deep to offer the highest quality and most consistent products to its customers.”

The addition of Agrify’s UL-compliant Explosion Proof (EXP) Rooms was, the Company believes, an ideal choice for Ocean Deep’s C1D1 extraction lab. Agrify’s safe and easy to install C1D1/C1D2 extraction rooms are designed to be easily set up in less than one day and are equipped with a PSI technical report certification for professional engineers to field verify in all 50 states.

“As CEO of Ocean Deep/Golden Lake Business Park, it is with great enthusiasm that I disclose our new alliance with Agrify, renowned for their trailblazing cannabis cultivation and extraction innovations. Our southern California operations will proudly serve as a showcase for their end-to-end cannabis solutions,” said Mr. Sun, CEO of Ocean Deep/Golden Lake Business Park. “We chose Agrify because their approach to the industry is grounded in science and focuses on efficiency which resonate with our mission to redefine industry benchmarks through the adoption of forefront technologies that amplify our production capabilities and assure superior product quality. We look forward to the advancements and triumphs that our combined efforts will yield.”

These industry developments illustrate the continuous innovation and commitment to safety within the cannabis sector as Agrify adapts to expanding market demands.

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NEWS

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Agrify Announces the Result of its Reconvened Annual Meeting, At Premium $3.9 Million Debt Conversion, and the Exercise of a Majority of Previously Issued Warrants

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Agrify Corporation Announces Results for Second Quarter 2023

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MANAGEMENT TEAM

Raymond Nobu Chang

Chief Executive Officer

David Kessler

EVP, Chief Science Officer, and GM Cultivation Division

Brian Towns

EVP & GM Extraction Division

Sheryl Elliott

Senior Vice President of Human Resources

SINCERELY,

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THE DISCLAIMER IS TO BE READ AND FULLY UNDERSTOOD BEFORE USING OUR SERVICES, JOINING OUR SITE OR OUR EMAIL/BLOG LIST AS WELL AS ANY SOCIAL NETWORKING PLATFORMS WE MAY USE.PLEASE NOTE WELL: DEDICATED INVESTORS LLC AND ITS EMPLOYEES ARE NOT A REGISTERED INVESTMENT ADVISOR, BROKER DEALER OR A MEMBER OF ANY ASSOCIATION FOR OTHER RESEARCH PROVIDERS IN ANY JURISDICTION WHATSOEVER.RELEASE OF LIABILITY: THROUGH USE OF THIS WEBSITE VIEWING OR USING YOU AGREE TO HOLD DEDICATED INVESTORS LLC, ITS OPERATORS OWNERS AND EMPLOYEES HARMLESS AND TO COMPLETELY RELEASE THEM FROM ANY AND ALL LIABILITY DUE TO ANY AND ALL LOSS (MONETARY OR OTHERWISE), DAMAGE (MONETARY OR OTHERWISE), OR INJURY (MONETARY OR OTHERWISE) THAT YOU MAY INCUR. THE INFORMATION CONTAINED HEREIN IS BASED ON SOURCES WHICH WE BELIEVE TO BE RELIABLE BUT IS NOT GUARANTEED BY US AS BEING ACCURATE AND DOES NOT PURPORT TO BE A COMPLETE STATEMENT OR SUMMARY OF THE AVAILABLE DATA. DEDICATED INVESTORS LLC ENCOURAGES READERS AND INVESTORS TO SUPPLEMENT THE INFORMATION IN THESE REPORTS WITH INDEPENDENT RESEARCH AND OTHER PROFESSIONAL ADVICE. ALL INFORMATION ON FEATURED COMPANIES IS PROVIDED BY THE COMPANIES PROFILED, OR IS AVAILABLE FROM PUBLIC SOURCES AND DEDICATED INVESTORS LLC MAKES NO REPRESENTATIONS, WARRANTIES OR GUARANTEES AS TO THE ACCURACY OR COMPLETENESS OF THE DISCLOSURE BY THE PROFILED COMPANIES. NONE OF THE MATERIALS OR ADVERTISEMENTS HEREIN CONSTITUTE OFFERS OR SOLICITATIONS TO PURCHASE OR SELL SECURITIES OF THE COMPANIES PROFILED HEREIN AND ANY DECISION TO INVEST IN ANY SUCH COMPANY OR OTHER FINANCIAL DECISIONS SHOULD NOT BE MADE BASED UPON THE INFORMATION PROVIDED HEREIN. INSTEAD DEDICATED INVESTORS LLC STRONGLY URGES YOU CONDUCT A COMPLETE AND INDEPENDENT INVESTIGATION OF THE RESPECTIVE COMPANIES AND CONSIDERATION OF ALL PERTINENT RISKS. READERS ARE ADVISED TO REVIEW SEC PERIODIC REPORTS: FORMS 10-Q, 10K, FORM 8-K, INSIDER REPORTS, FORMS 3, 4, 5 SCHEDULE 13D.DEDICATED INVESTORS LLC IS COMPLIANT WITH THE CAN SPAM ACT OF 2003. DEDICATED INVESTORS LLC DOES NOT OFFER SUCH ADVICE OR ANALYSIS, AND DEDICATED INVESTORS LLC FURTHER URGES YOU TO CONSULT YOUR OWN INDEPENDENT TAX, BUSINESS, FINANCIAL AND INVESTMENT ADVISORS. INVESTING IN MICRO-CAP AND GROWTH SECURITIES IS HIGHLY SPECULATIVE AND CARRIES AND EXTREMELY HIGH DEGREE OF RISK. IT IS POSSIBLE THAT AN INVESTORS INVESTMENT MAY BE LOST OR IMPAIRED DUE TO THE SPECULATIVE NATURE OF THE COMPANIES PROFILED.THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES INVESTORS A SAFE HARBOR IN REGARD TO FORWARD-LOOKING STATEMENTS. ANY STATEMENTS THAT EXPRESS OR INVOLVE DISCUSSIONS WITH RESPECT TO PREDICTIONS, EXPECTATIONS, BELIEFS, PLANS, PROJECTIONS, OBJECTIVES, GOALS, ASSUMPTIONS OR FUTURE EVENTS OR PERFORMANCE ARE NOT STATEMENTS OF HISTORICAL FACT MAY BE FORWARD LOOKING STATEMENTS. FORWARD LOOKING STATEMENTS ARE BASED ON EXPECTATIONS, ESTIMATES, AND PROJECTIONS AT THE TIME THE STATEMENTS ARE MADE THAT INVOLVE A NUMBER OF RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS OR EVENTS TO DIFFER MATERIALLY FROM THOSE PRESENTLY ANTICIPATED. FORWARD LOOKING STATEMENTS IN THIS ACTION MAY BE IDENTIFIED THROUGH USE OF WORDS SUCH AS PROJECTS, FORESEE, EXPECTS, WILL, ANTICIPATES, ESTIMATES, BELIEVES, UNDERSTANDS, OR THAT BY STATEMENTS INDICATING CERTAIN ACTIONS & QUOTE; MAY, COULD, OR MIGHT OCCUR. UNDERSTAND THERE IS NO GUARANTEE PAST PERFORMANCE WILL BE INDICATIVE OF FUTURE RESULTS. IN PREPARING THIS PUBLICATION, DEDICATED INVESTORS LLC HAS RELIED UPON INFORMATION SUPPLIED BY ITS CUSTOMERS, PUBLICLY AVAILABLE INFORMATION AND PRESS RELEASES WHICH IT BELIEVES TO BE RELIABLE; HOWEVER, SUCH RELIABILITY CANNOT BE GUARANTEED. INVESTORS SHOULD NOT RELY ON THE INFORMATION CONTAINED IN THIS WEBSITE. 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OUR NEW PROFILE IS: (Nasdaq: INDP)

INDP Has $16 Million in Cash and Equivalents as of 9/30/23, With a Market Cap of Just $15 Million

Top line data from the INDP-D101 trial of lead compound Decoy20 was presented at the Society of Immunotherapy in Cancer on November 4, 2023.  In addition to the safety data and immune response reported previously, the Company reported that all four patients had achieved and continue to maintain stable disease, three of whom presented with progressive disease.

The Company announced the initiation and first dosing of the second cohort of its INDP-D101 trial, which will be administered at a lower dose and is expected to bring the Company closer to determination of the recommended Phase 2 dose for the multi-dosing part of the trial

Check Out the Investor Presentation HERE

Hello Everyone,

We have another company on our radar for Thursday’s session that has several catalysts that you are going to want to research.

Pull up INDP right away.

This one has under 6 million shares in the float.

Indaptus Therapeutics has evolved from more than a century of immunotherapy advances. The Company’s novel approach is based on the hypothesis that efficient activation of both innate and adaptive immune cells and pathways and associated anti-tumor and anti-viral immune responses will require a multi-targeted package of immune system-activating signals that can be administered safely intravenously (i.v.). Indaptus’ patented technology is composed of single strains of attenuated and killed, non-pathogenic, Gram-negative bacteria producing a multiple Toll-like receptor (TLR), Nucleotide oligomerization domain (NOD)-like receptor (NLR) and Stimulator of interferon genes (STING) agonist Decoy platform.  The product candidates are designed to have reduced i.v. toxicity, but largely uncompromised ability to prime or activate many of the cells and pathways of innate and adaptive immunity. Decoy product candidates represent an antigen-agnostic technology that have produced single-agent activity against metastatic pancreatic and orthotopic colorectal carcinomas, single agent eradication of established antigen-expressing breast carcinoma, as well as combination-mediated eradication of established hepatocellular carcinomas and non-Hodgkin’s lymphomas in standard pre-clinical models, including syngeneic mouse tumors and human tumor xenografts.  In pre-clinical studies tumor eradication was observed with Decoy product candidates in combination with anti-PD-1 checkpoint therapy, low-dose chemotherapy, a non-steroidal anti-inflammatory drug, or an approved, targeted antibody. Combination-based tumor eradication in pre-clinical models produced innate and adaptive immunological memory, involved activation of both innate and adaptive immune cells, and was associated with induction of innate and adaptive immune pathways in tumors after only one i.v. dose of Decoy product, with associated “cold” to “hot” tumor inflammation signature transition. IND-enabling, nonclinical toxicology studies demonstrated i.v. administration without sustained induction of hallmark biomarkers of cytokine release syndromes, possibly due to passive targeting to liver, spleen, and tumor, followed by rapid elimination of the product. Indaptus’ Decoy product candidates have also produced significant single agent activity against chronic hepatitis B virus (HBV) and chronic human immunodeficiency virus (HIV) infections in pre-clinical models.

Over the past 12 months we haven’t seen any insider selling. We did see one substantial Insider purchase over over 100K shares at 2.34, which are at moderately higher levels than it is currently sitting.

SCIENCE & PIPELINE

Novel Insights. Novel Therapies.

Historically, we know that tumor regression has been observed in the presence of bacterial infection. We also know that bacteria contain immune system danger signals, called pathogen-associated molecular patterns (PAMPs), that collectively can activate all of the cellular components of our innate and adaptive immune pathways. PAMPs are recognized by receptors, such as Toll-like (TLR), NOD, STING and RIG-I, that are found on and involved in activation of many different innate and adaptive immune cells.

Our platform is based on the hypothesis that highly efficient anti-tumor immunotherapy will require safe activation of both innate and adaptive cellular immunity in both tumors and immune organs, and that this might be achieved with a multi-targeted package of bacterial PAMPs, in the form of attenuated and killed, intact but non-pathogenic bacteria delivered intravenously. While current therapies are increasingly becoming more and more personalized and costly, we are advancing an approach designed to be widely accessible, with broad anti-tumor and anti-viral activity not dependent on the targeting of specific tumor or viral antigens.

Current Approaches

Current immunotherapies only cure a very small percentage of advanced cancer patients because they activate only one or a few innate or adaptive immune cell types.

The Indaptus Approach

Goal: to safely and effectively activate both innate and adaptive cellular anti-tumor pathways by passively targeting both the tumor and  immune organs.

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A Unique Approach

Previous research has shown that lipopolysaccharide (LPS), an endotoxin that binds to Toll-like receptor 4 (TLR4), is a key bacterial PAMP that activates the immune system. Activated TLR4 has been shown to play a role in dendritic cell activation and T-cell-mediated anti-tumor immune responses. Our novel insights have enabled us to create attenuated and killed, non-pathogenic gram-negative bacteria with unique levels of LPS – levels that have now been shown in pre-clinical studies to be sufficient to synergize with other PAMPs in the bacteria to safely prime and/or activate innate and adaptive immune pathways. We currently have a broad patent portfolio with 34 issued or granted patents that are based on the technology originally developed by our Founder and Chief Scientific Officer, Dr. Michael Newman, at Indaptus’ predecessor company, Decoy Biosystems.

Based on our successes to date, we are now building a pipeline of therapeutic candidates designed to be delivered intravenously, targeting cancers and infectious diseases with high unmet medical needs.

Results to Date

We are currently advancing our lead candidate, Decoy20, through Phase 1 clinical trial. To date, Decoy20 and/or related candidates have demonstrated broad anti-tumor and anti-viral activity in pre-clinical models, including high percentage complete and durable anti-tumor responses in combination with different classes of existing therapeutics.

• In oncology, Decoy candidates have demonstrated the ability to eradicate established tumors in a murine model of hepatocellular carcinoma in combination with either a non-steroidal anti-inflammatory drug (NSAID) or an anti-PD-1 agent, and more efficiently with both. Tumor eradication has occurred with a wide therapeutic index and has led to induction of 100% immunological memory. In combination with low-dose chemotherapy, Decoy candidates have also produced highly efficient eradication of established tumors in a mouse model of non-Hodgkin’s Lymphoma (NHL), also with induction of immunological memory. Combination-mediated tumor eradication has also been observed with a human tumor xenograft NHL model with inclusion of a targeted antibody. Decoy candidates have also produced significant single agent activity in murine models of both metastatic pancreatic carcinoma and orthotopic, colorectal carcinoma.
• In infectious disease, single agent Decoy therapeutics have produced significantly broader activity than standard of care treatment in a pre-clinical model of chronic Hepatitis B infection, as well as single agent activity against chronic HIV infection in a pre-clinical humanized mouse model.

Generation and/or activation of the cells required for innate and adaptive anti-tumor and anti-viral immune responses takes place, to a significant extent, outside of the tumor or sites of infection, including in the spleen. Our intravenous therapeutic candidates are expected to passively target the liver, spleen, and leaky vasculature of tumors, producing immune activation in an immune organ, as well as a common site for primary and metastatic cancer and HBV infection, the liver. As our therapeutic candidates are expected to be cleared very quickly by the liver and spleen, we anticipate a low risk of non-specific autoimmune side effects relative to other types of immunotherapies designed for continuous exposure.

We have initiated our Phase 1 clinical trial of Decoy20 in December 2022 and dosed our first patient in March 2023.

European Patent Office Approves Key Patent for Indaptus Therapeutics’ Platform Technology

PUBLISHED

JAN 4, 2024 8:00AM EST

Patent will provide additional protection covering a composition targeting any viral infection, including hepatitis B, HIV, and influenza

NEW YORK, Jan. 04, 2024 (GLOBE NEWSWIRE) — Indaptus Therapeutics, Inc.(Nasdaq: INDP), a clinical stage biopharma company that utilizes a proprietary killed, non-pathogenic bacteria-based platform to generate stabilized packages of immune agonists to activate both innate (immediate) and adaptive (learned) cellular immune pathways, announces that the European Patent Office (EPO) has informed the company that it will grant a European patent related to the company’s platform technology, covering a composition that can be used in the prevention or treatment of viral infections.

The patent, titled “Methods of Treatment of Infections Using Bacteria,” (Application 19 866 580.4) provides protections for the application of the Company’s Decoy technology platform alone or in combination with standards of care for the prevention or treatment of any viral infection. The EPO patent will be the second patent granted to Indaptus outside the United States for this application.

Jeffrey Meckler, Indaptus Therapeutics CEO, commented, “The continued protection of our intellectual property both in the U.S. and abroad will provide a competitive advantage for the Company, which should ultimately drive significant shareholder value over time. We continue to explore the applications of our technology platform beyond solid tumors, for which we are currently engaged in a Phase 1 clinical trial, and look forward to updating our shareholders on scientific progress.”

Indaptus Therapeutics’ Decoy20 Demonstrated a Broad Immune Response of More than Fifty Cytokines and Chemokines in Patients Following a Single Dose in First Cohort of Ongoing Phase 1 Study

PUBLISHED

NOV 6, 2023 8:00AM EST

Poster presented at 38th Annual Meeting of the Society for Immunotherapy of Cancer Showed Favorable Safety Profile and Achievement of Stable Disease in All Four Patients in First Cohort.

NEW YORK, Nov. 06, 2023 (GLOBE NEWSWIRE) — Indaptus Therapeutics, Inc.(Nasdaq: INDP), a clinical biopharma company that utilizes a proprietary killed, non-pathogenic bacteria-based platform to generate a stabilized package of immune agonists to activate both innate (immediate) and adaptive (learned) cellular immune pathways, announces interim data from the first cohort of four patients in the Phase 1 INDP-D101 trial of its lead compound, Decoy20. A broad expression of cytokines and chemokines associated with innate and adaptive anti-tumor immune responses was observed, while adverse events were generally tolerable and resolved within 30 minutes to three days. Decoy20 is designed to “re-set” the immune system’s response to cancer. The poster was presented on November 4, 2023, at the Society for Immunotherapy of Cancer in San Diego.

“We are impressed that we saw short-term induction of more than 50 cytokines, chemokines and biomarkers and believe this is unprecedented with a single agent. These early data support our long-standing hypothesis that the Decoy platform may induce robust immune responses across multiple types of immune cells that we believe are important for the eradication of solid tumors,” commented Indaptus CEO Jeffrey Meckler.

“The relatively brief duration of exposure to Decoy20 supports our hypothesis of utilizing a “pulse-prime” approach, providing a short period of activation to avoid unwanted toxicities that may occur from prolonged immune activation,” commented Michael Newman, Ph.D., Indaptus Founder and Chief Scientific Officer.

As reported in the poster, trial subjects experienced transient induction of over 50 different biomarkers associated with immune responses, and generally anticipated transient adverse events.After the end of infusion, Decoy20 was cleared from the blood within 30 to 120 minutes. This rapid clearance and associated transient cytokine/chemokine induction are desired to avoid prolonged toxicity, often associated with longer term cytokine exposure. In contrast, therapeutics that are designed to be continuously present over weeks, months, or even years, such as CAR-T, can induce this type of toxicity. Peak cytokine and chemokine induction occurred within ~4 to 24 hours and most returned to baseline by 24-48 hours. Lymphocyte cell populations were transiently reduced in the blood and then rebounded, suggesting that these critical immune cells were redistributing from the circulation to lymph nodes, immune organs or sites of tumor. This supports the hypothesis of an “immune resetting” proposed mechanism of action.

In addition, each of the subjects was observed to have stable disease four weeks after a single dose, with three of them having started the trial with progressive disease.

“We look forward to continuing the trial with the current cohort having a lower dose, given the broad potential immune activation we have observed,” added Roger Waltzman, M.D., Indaptus’ Chief Medical Officer. “We anticipate that in the next stage of the trial we will assess the effect of weekly dosing (as opposed to the single dose in these first two cohorts), while analyzing a host of biomarkers, immune and tumor cells in peripheral blood, and immune cell populations in the tumor microenvironment, coupled with standard radiographic measurements.”

The poster was titled, “Preliminary results of an in progress, first-in-human Phase 1 study of Decoy20, an intravenous, killed, multiple immune receptor agonist bacterial product in patients with advanced solid tumors.” First cohort patients received a single dose of 7×107 killed Decoy20 bacteria via a one-hour IV infusion.

Indaptus Therapeutics to Present Positive Pharmacodynamic (PD) Immune and Pharmacokinetic (PK) Results with Patients from First Cohort of Ongoing Phase 1 Study of Decoy20 at Cancer Immunotherapy Meeting

PUBLISHED

OCT 31, 2023 9:01AM EDT

Poster to be presented at 38th Annual Meeting of the Society for Immunotherapy of Cancer on November 4, 2023

NEW YORK, Oct. 31, 2023 (GLOBE NEWSWIRE) — Indaptus Therapeutics, Inc.(Nasdaq: INDP) announces it will be presenting interim data from the first cohort of four patients in the Phase 1 INDP-D101 trial of its lead compound, Decoy20. The interim data, released today in abstract form, demonstrated that as of August 31, 2023, each of the first cohort participants experienced transient activation of biomarkers associated with innate and/or adaptive immune responses, and generally expected transient adverse events, both associated with predicted rapid clearance of Decoy20. The data in full will be presented in a poster at the Society for Immunotherapy of Cancer (SITC) on November 4. The conference will be held from November 1-5, 2023 in San Diego.

Michael J. Newman, Ph.D., Indaptus’ Founder and Chief Scientific Officer noted, “Even in this early study, Decoy20 is exceeding our expectations from the perspective that we are seeing activation of the immune system, based on transient expression of multiple plasma cytokines and chemokines, with expected transient adverse events. These results, in conjunction with the desired and observed rapid clearance of Decoy20 from the blood, are highly supportive of our “Pulse-Prime” hypothesis for the Decoy20 mechanism of action.”

Roger Waltzman, M.D., Indaptus’ Chief Medical Officer, added, “We are encouraged by the tolerability of Decoy20 and the notable evidence for broad immune biomarker activation at this early stage. At one month following the single dose of Decoy20, all four of the first cohort patients had stable disease. We are following these patients as well as working on enrolling the second cohort, which utilizes a lower dose. This lower dose is based on the pharmacodynamic results seen with the first cohort and plans to optimize Decoy20 for both weekly dosing and combination approaches.”

The abstract/poster is titled, “Preliminary results of an in progress, first-in-human Phase 1 study of Decoy20, an intravenous, killed, multiple immune receptor agonist bacterial product in patients with advanced solid tumors.”   First cohort patients received a single dose of 7×107 killed Decoy20 bacteria via a one-hour IV infusion. As of August 31, 2023, treatment-related adverse events, potentially expected based upon prior clinical studies with purified lipopolysaccharide, have included, among other events, changes in hemodynamic parameters, transaminase elevations, and lymphopenia; all resolved with or without treatment within 30 minutes to 3 days. The Company believes the short half-life of Decoy20 observed in blood coupled with the marked, but transient, induction of multiple cytokines and chemokines over approximately 24 hours supports the PK “pulse” and PD “prime” hypothesis for the Decoy20 immune-oncology strategy.

NEWS

PUBLISHED

FEB 15, 2024

Indaptus Therapeutics to Present at the 2024 BIO CEO & Investor Conference

PUBLISHED

FEB 8, 2024

Indaptus Therapeutics Expands Digital Presence with Launch of Social Media Channels

PUBLISHED

JAN 4, 2024

European Patent Office Approves Key Patent for Indaptus Therapeutics’ Platform Technology

PUBLISHED

NOV 6, 2023

Indaptus Therapeutics Reports Third Quarter 2023 Financial Results and Provides Corporate Update

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PUBLISHED

NOV 6, 2023

Indaptus Therapeutics’ Decoy20 Demonstrated a Broad Immune Response of More than Fifty Cytokines and Chemokines in Patients Following a Single Dose in First Cohort of Ongoing Phase 1 Study

PUBLISHED

OCT 31, 2023

Indaptus Therapeutics to Present Positive Pharmacodynamic (PD) Immune and Pharmacokinetic (PK) Results with Patients from First Cohort of Ongoing Phase 1 Study of Decoy20 at Cancer Immunotherapy Meeting

PUBLISHED

SEP 27, 2023

Indaptus Therapeutics to Present at the LD Micro Main Event XVI

PUBLISHED

SEP 26, 2023

Registration Is Now Open For Tribe Public’s Webinar Event “Immunotherapy Reimagined” Featuring Indaptus Therapeutics’ CEO On Friday, September 29, 2023

PUBLISHED

SEP 19, 2023

Indaptus Therapeutics Doses First Patient in Second Cohort of Single Dose Ranging Study of Decoy20

PUBLISHED

SEP 6, 2023

Indaptus Therapeutics to Present at the H.C. Wainwright 25th Annual Global Investment Conference

PUBLISHED

AUG 14, 2023

Indaptus Therapeutics Reports Second Quarter 2023 Financial Results and Provides Corporate Update

PUBLISHED

AUG 10, 2023

Indaptus Therapeutics Announces Opening of Next Cohort in Single Dose Ranging Study of Decoy20

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MANAGEMENT TEAM

JEFFREY A. MECKLER

Chief Executive Officer

Jeffrey Meckler currently serves as our Chief Executive Officer, bringing more than 30 years of financial and healthcare leadership experience to the company. Most recently, Jeff was the CEO of Intec Pharma, and prior to that, CEO of Cocrystal Pharma, transforming it from a research company into a clinical and development company. Earlier in his career, Jeff was managing director of the Andra Group, a life sciences consulting firm, and acted as a director and interim CEO of Cypress Bioscience after its acquisition by Royalty Pharma. Jeff started his career at Pfizer, where he held a series of positions in manufacturing systems, market research, business development, strategic planning and corporate finance, which included playing a significant role in acquisitions and divestitures. He has also served as a director of QLT, Inc., Cocrystal Pharma, ClearFarma USA, Kyalin Bioscience, and Alveolus, and currently serves as director of Travere Therapeutics, where he also previously served as Chairman. Jeff is the past President and continues to serve on the Board of Children of Bellevue, a non-profit organization focused on advocating and developing pediatric programs at Bellevue Hospital Center. He holds a B.S. in industrial management, an M.S. in industrial administration from the Tepper School of Business at Carnegie Mellon University, and a J.D. from Fordham University’s School of Law.

MICHAEL J. NEWMAN, PH.D.

Founder and Chief Scientific Officer

A founder of the company, Dr. Michael Newman currently serves as our Chief Scientific Officer. Most recently, he was Founder and CEO of Decoy Biosystems, where he developed the technology that serves as the foundation of Indaptus. With more than 35 years of experience carrying out and managing oncology drug discovery through early development in academia and at pharmaceutical and biotechnology companies, Michael has also served as a consultant to ~35 companies, assisting with target identification and prioritization, management of R&D, fundraising, and in/out-licensing. His previous positions include faculty appointments in biochemistry at Brandeis University and the Roche Institute of Molecular Biology, Senior Associate Director of Oncology at Sandoz Pharmaceuticals (world-wide head of Cancer Biology), Executive Director of Oncology at Novartis Pharmaceuticals (Head of Cancer Biology in the U.S.), and senior management positions at several Biotechnology companies, where he also managed drug discovery programs in inflammation, diabetes, and infectious disease. Michael received a Bachelor’s degree in biology from the University of California at San Diego, a Ph.D. in cell and developmental biology from Harvard Medical School (National Science Foundation Pre-doctoral Fellow) and carried out post-doctoral research at Cornell University.

WALT A. LINSCOTT

Chief Operating Officer

Walt Linscott brings more than three decades of global leadership, entrepreneurial and professional experience with broad business development, operational, regulatory, and transactional experience in the Life Sciences sector to his current role as Chief Operating Officer at Indaptus. Most recently, he held the position of Chief Business Officer at the company. Prior to Indaptus he was the Chief Business Officer at Intec Pharma. He is also a Founding executive member of Oxford Strategic Alliance, a multinational business development and referral enterprise for strategic advice, management and investment development/management for individuals and companies that are globalizing. Previously, Walt served as President, COO and General Counsel at Treiber Therapeutics, an anti-viral-focused venture he co-founded. He has also served in a variety of General Counsel and Corporate Secretary roles at Cocrystal Pharma, Carestream Health, and Solvay Pharmaceuticals, where he also led compliance, IP, security, privacy, public affairs and government affairs functions. In addition, he was previously an Associate and Partner at Thompson Hine where he founded the firm’s Atlanta office, served as Partner in Charge, and as Chair of the firm’s Life Science Practice Group. Walt holds a Master of Science in Experimental and Translational Therapeutics with honors from the University of Oxford, a Master’s degree in Global Business from the University of Oxford and Master’s degree in Entrepreneurship from Cambridge University. He earned his J.D. from the University of Dayton School of Law where he served as Managing Editor of the Law Review. After graduating with a Bachelor’s degree from Syracuse University and prior to entering law school, he earned a commission and served on active duty as an Officer in the United States Marine Corps. Walt is also a Certified Flight Instructor and was previously a professional stunt pilot.

ROGER J. WALTZMAN

Chief Medical Officer

Roger Waltzman, M.D., M.B.A. currently serves as our Chief Medical Officer. Dr. Waltzman is a board-certified medical oncologist whose career highlights include the roll of Chief Medical Officer of publicly traded company, Molecular Templates (2019-2023) and multiple senior drug development roles at Novartis Oncology (2007–2013), where he played a leading role in the development of imatinib, nilotinib, and ruxolitinib. From 2013 to 2016, Dr. Waltzman was the Full Development Head of Malaria Drug Development at Novartis. More recently, Dr. Waltzman was CMO at Rgenix (now Inspirna), where he supervised the development of immuno-oncology and metabolic inhibitor assets through Phase 1 a/b. Previously, he served as CSO at Jaguar Health and Napo Pharmaceuticals, where he led scientific aspects of development and commercialization of Mytesi® (crofelemer).

Before joining the industry, Dr. Waltzman held assistant professorships in medical oncology and palliative care at Saint Vincent’s Hospital and Mount Sinai School of Medicine in New York. He completed his fellowship in hematology/oncology at Memorial Sloan Kettering Cancer Center. Dr. Waltzman earned a Master of Business Administration at Columbia Business School and a Doctor of Medicine and Bachelor of Arts from Brown University.

NIR SASSI

Chief Financial Officer

Nir Sassi currently serves as our Chief Financial Officer, bringing a broad skillset across management, corporate finance, due diligence, accounting, and financial analysis. Prior to joining Indaptus, Nir spent 11 years at Intec Pharma, starting as Vice President of Finance and ending his tenure there as Chief Financial Officer. Previous to that, Nir served as a Senior Manager at PricewaterhouseCoopers Israel for eight years, including two years relocation to the PWC New York office. He is a certified public accountant in Israel and holds a Bachelor’s degree in economics and accounting from Ben Gurion University in Beer Sheva, Israel.

SINCERELY,

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Iveda Awarded $3.2M Contract for Confidential Application by Taiwanese Government Agency

IVDA Boasts several recent global contract wins, including expansions in Egypt and deals in the Philippines and Vietnam––worth millions of dollars of revenues and gross profits to Iveda in 2024 and recurring revenue for years to come

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Iveda from Iveda on Vimeo.

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Hello Everyone,

Iveda® has been offering cloud video surveillance technologies to service providers. Today, Iveda is at the forefront of Digital Transformation of many cities across the globe. Our IoT platform with smart sensors and devices were specifically developed for service providers for smart home and smart city solutions. Likewise, our IvedaAI™ intelligent video search technology adds critical intelligence to normally passive video surveillance systems.

David Ly, our visionary chairman and CEO, founded Iveda in 2003. Under his leadership, Iveda has evolved into a mature, global organization, partnering with service providers for mass distribution of cloud video surveillance as service,
utilizing our Sentir platform. Iveda continuously innovates and remains committed to our vision of providing cloud-based technology on a global scale.

Our core values and commitment to excellence define the framework and alignment of our fundamental business strategies and ethical practices. We earned our continued success through our dedication to customer satisfaction and ethical standards of honesty, integrity, and mutual trust.

At Iveda we believe that our success depends on putting our customers first. By paying close attention to customers’ needs, we are able to respond with the
best products and services.

Iveda is based in Mesa, Arizona with a wholly-owned subsidiary in Taiwan. Iveda has been a publicly-traded company since 2009, under the ticker symbol IVDA.

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According to  The Maxim Group Equity Research Analyst, Iveda Solutions, Inc. (NASDAQ: IVDA) has +300% upside potential, based on the analysts’ $3.00 price target.

Not only are their technicals screaming breakout, the company also just released big news which is about to start gaining the streets attention!

The Company has several potential bullish catalysts in play right now, and is on the verge of Disrupting a $5.6 Bln Global AI in video surveillance industry with exciting news just announced.

Iveda announced JV (joint venture) to partner with 100 Philippines government units across the region to modernize key infrastructure for improved public safety and more. Following the success of its Iveda Safe City presentations throughout 2023, with cities across the nation witnessing the potential of Iveda’s innovative solutions, several city budgets across the region are gearing up to integrate IvedaAI into their operational frameworks in 2024.

Cities in this initiative include Cebu (the largest in the Philippines), Bacolod, Iloilo, and Davao, marking a significant stride towards a safer and more technologically advanced urban landscape.

As Iveda continues enabling metropolitan areas across the globe to achieve true smart city status, Iveda Philippines remains critical in the facilitation of relationships necessary to execute mutually beneficial, long-term contracts.

Bolstering Philippine President Ferdinand “Bongbong” Marcos Jr.’s efforts to drive infrastructure development in the region, this JV reflects the strong commitment from cities to leverage Iveda’s AI solutions, emphasizing their trust in the capabilities of the technology, particularly to enhance public safety and city management.

“This ambitious goal underscores Iveda’s dedication to driving advancements in AI technology and making a substantial impact on the landscape of smart cities in the Philippines,” said David Ly, Iveda CEO and founder. “As the nation moves towards embracing cutting-edge technologies, Iveda Philippines stands at the forefront, paving the way for a future where AI seamlessly integrates with city governance. Iveda Philippines will emerge as a trailblazer in 2024, propelling the nation towards a more secure, efficient, and technologically-empowered future.

As Iveda continues to scale its global footprint, we affirm our position as a leader in the AI sector, leveraging groundbreaking technologies to create a smarter and safer world for all.”

To Management’s Knowledge Iveda Solutions (NASDAQ: IVDA) Is The Only Major Provider of Enterprise Class Real-Time Video Surveillance in The U.S.

Iveda Solutions, Inc. developed Sentir, a revolutionary Software as a Service video management platform, which enables companies such as telecom, cable, Internet, and other utility companies with subscribers already paying for monthly services, to offer cloud video surveillance services for additional recurring monthly revenue.

MegaSys, Iveda’s Taiwanese subsidiary, specializes in deploying video surveillance systems for airports, commercial buildings, government customers, data centers, shopping centers, hotels, banks, and Safe City initiatives in Taiwan and other neighboring countries. MegaSys integrates security surveillance products, software and services to provide integrated security solutions to the end user. Most of MegaSys’s revenues are derived from one-time sales, which differs from Iveda’s business model of on-going video hosting, remote video storage, and real-time surveillance revenues.

MegaSys does not own any proprietary technology or intellectual property other than certain trademarks in China and Taiwan used in its business. MegaSys serves as Iveda’s research and development arm, with in-house developers, as well as managing and directing its technology partner. MegaSys also manages relationships with manufacturers to find new devices to enable Iveda’s cloud video hosting services.

Historically, Iveda Solutions, Inc. has derived revenues from security systems integration, equipment sales and installation, conversion of analog cameras to digital, and per hour, per camera service fees from video hosting and real-time surveillance. Additional revenues are derived from extended video storage and extended maintenance contracts.

Iveda Solutions, Inc. has grown only through direct sales of equipment/installation and video surveillance services through its direct sales team. Since June 2012, Iveda has been developing its indirect sales channel using independent agents and security integrators. Iveda has been in active communication with telecommunications companies in Asia and Africa and expects to sign an agreement with them for reselling of Iveda’s cloud video hosting services.

Iveda Solutions, Inc. currently has a signed agreement with a Mexico-owned company based in the U.S. As the reseller channel matures, Iveda’s channel partners are expected to take over its equipment sales and installation functions, and help drive Iveda’s recurring service revenue.

After months of rigorous application and due diligence process, in April 2009, Iveda Solutions, Inc. was approved as a Qualified Anti-Terrorism Technology provider under a formal SAFETY Act Designation by the Department of Homeland Security (DHS). The designation gives the Company, its partners and customers certain liability protection.

Iveda Solutions Is Currently the Only Company, Offering Real-Time IP Video Hosting and Remote Surveillance Services with a SAFETY Act Designation

In September 2010, Iveda Solutions, Inc. acquired its first international customer.

The Company is now providing IvedaOnBoard, its in-vehicle live streaming video service, and remote video storage to a government agency in Mexico.

In April, 2011, Iveda completed the acquisition of MEGAsys Taiwan. MEGAsys designs and manufactures electronic security and surveillance products, software, and services. MEGAsys was founded in 1998 by a group of sales and research and development professionals from Taiwan Panasonic Company. Iveda leverages MEGAsys’ relationships with manufacturing and software companies in Asia, potentially reducing costs and improving services and capabilities. The acquisition also opens doors to the Asian market.

In October 2011, Iveda signed a strategic collaboration agreement with Telmex, U.S.A., a subsidiary of the Mexico-based Telmex, the 4th largest telecommunications company in the world.

Telmex has presence in the U.S., Latin America, Europe, and Africa. Iveda has developed a product, ideal for Telmex’ Mln’s of subscribers in the U.S. and Mexico.

In November 2012, Iveda Solutions, Inc. signed a cooperation agreement with Industrial Technology Research Institute (ITRI). ITRI is a research and development organization based in Taiwan. Iveda and ITRI have been co-developing cloud-video services. ITRI has given Iveda license to some of their patents being used in the development. Iveda will have exclusive rights to the products and services being co-developed.

Iveda Solutions Cloud Video Surveillance Services

Iveda Solutions, Inc. has multiple recurring revenue streams based on its cloud-video management platform, including video hosting, in-vehicle mobile video streaming, real-time remote surveillance services, and live streaming video mapping service, using a combination of Internet-enabled cameras, a secure IP network infrastructure utilizing robust data centers, and intervention specialists. Iveda’s services are all web-based and accessible through any Internet-accessible device (e.g., computer, smartphone, tablets).

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Iveda Awarded $3.2M Contract for Confidential Application by Taiwanese Government Agency

PUBLISHED

FEB 26, 2024 9:00AM EST

Providing AI-powered technology, Iveda meets the growing demand for solutions in the region

MESA, Ariz.–(BUSINESS WIRE)– Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI, today announced a signed contract with an undisclosed government agency worth approximately $3.2 million for a confidential application. This contract is in addition to the $2.7 million and $1.7 million announced in August 2022 and August 2023, respectively, to this same undisclosed government agency for different applications. Providing cutting-edge, AI-powered technology, the contract deployment has begun and is expected to be completed by 2026, delivering and deploying network equipment solutions to meet the growing demand for enhanced infrastructure. The execution will be overseen and managed by Iveda Taiwan.

“As safety and security remain a top priority for government organizations around the world, the need for AI-powered technology becomes paramount,” said David Ly, Iveda CEO and founder. “Through this contract, Iveda is dedicated to the continued improvement of security operations worldwide. Leveraging the power of AI, this contract positions Iveda Taiwan as a trusted partner in meeting the growing demand for cutting-edge AI solutions, keeping citizens, communities, and government personnel safe.”

“This achievement underscores Iveda Taiwan’s commitment to delivering comprehensive network equipment solutions to enhance AI-powered technology capabilities in the region,” added Ing-Hang Shiau, president of Iveda Taiwan. “As Iveda continues to expand its footprint in the global AI market, this contract reinforces our reputation for delivering high-quality products and services to clients around the world.”

This news follows closely behind additional global contract wins––including expansions in Egypt and deals in the Philippines and Vietnam––worth millions of dollars of revenues and gross profits to Iveda in 2024 and recurring revenue for years to come. With new cutting-edge smart city solutions to be announced throughout the year, Iveda remains dedicated to leveraging its expertise in AI-powered technology to provide customers around the world with solutions to keep citizens safe.

Iveda and VinaFore, Authorized AI Solutions Provider to the Vietnamese Government, Partner for Multi-Million Dollar AI Security and Safety Solutions Mandated Across Vietnam

PUBLISHED

FEB 22, 2024 9:00AM EST

In collaboration with the Vietnamese government, the organizations will join forces on design and technology specifications for smart city projects throughout the country

MESA, Ariz.–(BUSINESS WIRE)– Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI, today announced a partnership with VinaFore Informatics and Telecommunication JSC to bolster transportation, telecom, and smart city solutions throughout Vietnam. After signing a memorandum of understanding (MOU) with the Vietnamese government in 2023, VinaFore selected Iveda to incorporate its leading AI capabilities into current infrastructure and will use IvedaAI to effectively improve upon existing solutions throughout the region. These projects are currently in the design phases and are anticipated to be multi-million-dollar undertakings for 2024 and over the course of the next several years.

“Last year was spent laying critical groundwork alongside VinaFore; now, 2024 is slated to be a year of massive growth and implementation for Iveda across Vietnam,” said David Ly, Iveda CEO and founder. “With use cases spanning traffic and transportation, manufacturing, and safety, Iveda’s powerful AI and virtual reality technology will help propel VinaFore and its partners into the fifth industrial revolution, bringing Vietnamese smart cities to life while dramatically increasing Iveda’s presence and market share throughout the region.”

According to MarketsandMarkets, the global intelligent transportation system market is projected to reach nearly $7B by 2028. Over the course of 2024, VinaFore will work with Iveda––in collaboration with additional in-country partners including CMC Corporation, Mobifone, and Hanoi Telecom––to establish a solid foundation for future AI technology deployments and smart city expansions in the transportation space and beyond. Projects include:

• Information Technology Service (ITS) project with the Department of Transportation in Hanoi: IvedaAI’s Machine Vision technology––and its ability to classify and quantify vehicles and people, while identifying high-traffic time, space, and frequency, all in real time––will aid VinaFore in improving traffic congestion pains throughout the capital and surrounding areas.
• Active project with the Vietnam Road Administration: VinaFore will be integrating IvedaAI to help manage the types of vehicles traveling throughout parts of the region at certain times of day to improve safety and traffic congestion. This project will stretch from Saigon to the Long An Province(approximately 75 kilometers) and is scheduled to kick off in Q2 of 2024.
• Operational improvements to Vietnamese industrial parks: In collaboration with its partner network throughout the country, VinaFore will incorporate Iveda technology to increase operational efficiencies and safety improvements to over 600 industrial parks across Vietnam. With more than 100 AI features and applications already identified as immediately valuable to these industrial customers––including people and vehicle counting, face recognition, license plate recognition, fire and smoke detection, and intrusion detection––this project is slated to begin this year with integration and API work between providers and stakeholders already well underway.
• Proof of concept project (POC) with a major printed circuit board (PCB) manufacturer: This POC will use Iveda’s newly released AI vision software vumastAR to conduct quality control inspections of products prior to final packaging. Iveda and VinaFore are currently working with the customer to actively train vumastAR’s customizable AI technology for a variety of automated inspection tasks. As a result of this POC, VinaFore will be showcasing IvedaAI and vumastAR at SaigonTex 2024, the largest textile and garment industry expo in the Association of Southeast Asian Nations. At the event, Iveda will demonstrate the technology’s capabilities to thousands of major manufacturers throughout the greater Southeast Asian region.
• Partnership with the city of Da Nang: Known for being one of Vietnam’s most innovative and technologically advanced cities, Da Nang is well-equipped with telecommunication infrastructure and mature ITS projects. Over the course of 2024, Iveda will work to layer its AI capabilities into the city’s existing infrastructure, adding functional intelligence to the video cameras already in place throughout the city.

This news comes on the heels of major Iveda expansion and partnerships across the Philippines and Egypt. With VinaFore offices in San Francisco, Taipei, Hanoi, Saigon, Shanghai, Singapore, Jakarta, Myanmar, and Cambodia, this ongoing partnership is slated to propel Iveda’s growth and increase market expansion opportunities throughout 2024 and beyond.

From concerns spanning weather, economics, sustainability, population, and much more, our smart city solutions have the power to solve your regions' biggest challenges. $IVDA https://t.co/GmmEwgMtul

— Iveda (@ivedasolutions) January 11, 2024

Iveda Expands Smart City Footprint Across Egypt; Opens Cairo Office and Strategic Demonstration Showcase

PUBLISHED

FEB 15, 2024 9:00AM EST

Six months after partnering with The Arab Organization for Industrialization, Iveda solidifies leadership in 5G, AI, and sustainable technologies throughout the region

MESA, Ariz.–(BUSINESS WIRE)– Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI, today announced the opening of a new office in Cairo, Egypt as part of the organization’s work with The Arab Organization for Industrialization (AOI). Just six months after partnering with AOI, the showcase space––located inside the AOI government facility in Cairo––will serve as a demonstration room, putting Iveda’s smart city innovations and AI offerings on functional display, with the ability to demo to all interested parties. This announcement further solidifies the organization’s foothold as a leader in 5G, AI, and sustainable technologies throughout Egypt and the greater EMEA (Europe, Middle East, Africa) region.

Iveda’s smart city innovations and AI offerings on display include the Utilus Smart Pole with an average price to municipalities of $35,000 per pole, and city deployments are anticipated to range from 100 to 1,000 Utilus Smart Poles (or $3.5 million to $35 million) depending on the size of coverage required.

Iveda and AOI partnered in August of 2023 to support and scale smart city developments across Egypt and the wider EMEA region through the development of 13 smart cities. In support of the Egyptian government’s plans to introduce 38 new smart cities across the country by 2050, the two entities are marrying Iveda’s global IoT and AI technology and application expertise with AOI’s regional demand for innovation, equipping Egypt’s new administrative capital with the 5th generation smart city technology needed to make this goal a reality.

Egypt’s AI market is projected to reach $601.8 Million with an anticipated annual growth rate of 18.99%, resulting in a market volume of $2.03 Billion by 2030. This strategic office will dramatically improve speed-to-market of Iveda technologies by providing easier access to hands-on education, sales demonstrations, marketing opportunities, and firsthand proof-of-concept verification to those in the region. Major General Ashraf Hassan––who was appointed to Iveda’s Advisory Board in August 2023––will play a critical role in showcasing Iveda’s technologies, capabilities, and value to government and private enterprises across Egypt. Additionally, AOI will actively promote the value that local production of Iveda products is bringing to the area, in terms of both job and economic opportunities.

“Oftentimes, when it comes to new and advanced technologies––especially in the artificial intelligence and smart city realm––seeing is believing. That’s why we’re collaborating with AOI to make it easier for people in and around Egypt to visit and experience Iveda’s core technology firsthand,” said David Ly, CEO and founder of Iveda. “We’re eager to get our products into the hands of more organizations and government officials throughout the region, all while optimizing the decision-making process with potential customers and partners.”

Iveda has also been working with partners in South Africa, building up multi-million-dollar pipelines of opportunities. These clients are eager to witness Iveda’s offerings and the Cairo space will provide a convenient destination for the African market to experience the tech hands-on. Iveda products and technology to be displayed for live demonstration at the new Cairo location will include IvedaAI, Iveda Smart Drone, IvedaCare, and IvedaEMS through Cerebro. For more information, please visit iveda.com.

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NEWS

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Iveda Awarded $3.2M Contract for Confidential Application by Taiwanese Government Agency

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Iveda and VinaFore, Authorized AI Solutions Provider to the Vietnamese Government, Partner for Multi-Million Dollar AI Security and Safety Solutions Mandated Across Vietnam

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Iveda Accelerates Real-Time Vape and Anti-Bullying Detection with the Launch of IvedaAI Sense with Cerebro AI Platform

PUBLISHED

FEB 15, 2024

Iveda Expands Smart City Footprint Across Egypt; Opens Cairo Office and Strategic Demonstration Showcase

PUBLISHED

FEB 13, 2024

Iveda Philippines Targeting $5M in Smart City Advancements

PUBLISHED

NOV 14, 2023

Iveda and Movement Interactive Deliver on $200K Contract with an Arizona Independent Living Facility for Veterans

PUBLISHED

OCT 12, 2023

Iveda Launches ESG Solution Providing Energy Management For A Large Taiwan Enterprise

PUBLISHED

AUG 22, 2023

Iveda Appoints Major General Ashraf Hassan to the Advisory Board

PUBLISHED

AUG 17, 2023

Iveda Partners with The Arab Organization for Industrialization, Bringing 5th Generation Smart Cities to Egypt

PUBLISHED

AUG 10, 2023

Iveda Awarded $1.7M Contract Expansion With Taiwan Government Agency

PUBLISHED

JUN 22, 2023

Movement Interactive, Powered by Iveda, Awarded Subcontract for the Veterans Affairs Remote Patient Monitoring Contract

PUBLISHED

MAY 4, 2023

Claro Enterprise Solutions Launches AI Video Analytics

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OUR NEW PROFILE IS: (NYSE AMERICAN EFSH)

EFSH Boasts $90Million in Revenue guidance, a Market Cap of under $10MM and only 735,730 shares in the float

1847 Announces $1.95 Million Repayment of Convertible Notes-$6.4 million of outstanding debt and liabilities have been eliminated over the past two weeks

Check Out the Investor Presentation HERE

https://www.youtube.com/watch?v=kCeoKSa6b7E

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Hello Everyone,

Capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business.

Given this dynamic, 1847 Holdings (NYSE: EFSH) can consistently acquire businesses it views as “solid” for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations.

The end result? These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to EFSH’s ability to pay regular and special dividends to shareholders.

1847 seeks to invest in companies whose business models enable them to drive their own growth. We anticipate this will permit us to invest successfully, and develop deep expertise, in nine primary industries. Our experience and sector focus compounds our ability to evaluate and execute investment opportunities quickly, and add significant value post-closing.

1847 Holdings LLC (NYSE American:EFSH), was founded by Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and former Principal of Lazard Freres Strategic Realty Investors. 1847 Holdings’ investment thesis is that capital market inefficiencies have left the founders and/or stakeholders of many small business enterprises or lower-middle market businesses with limited exit options despite the intrinsic value of their business. Given this dynamic, 1847 Holdings can consistently acquire businesses it views as “solid” for reasonable multiples of cash flow and then deploy resources to strengthen the infrastructure and systems of those businesses in order to improve operations. These improvements may lead to a sale or IPO of an operating subsidiary at higher valuations than the purchase price and/or alternatively, an operating subsidiary may be held in perpetuity and contribute to 1847 Holdings’ ability to pay regular and special dividends to shareholders.

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EFSH Competitive Advantages

▪ Robust Network
▪ National network of personal relationships with intermediaries, seasoned operating executives, entrepreneurs and managers

▪ Disciplined Deal Sourcing
▪ Leverages relationships with more than 3,000 qualified deal sources through regular calling, mail and email campaigns, industry events, etc.

▪ Differentiated Acquisition Capabilities in the Small Business Market
▪ Concentrated efforts on mature companies with sustainable value propositions, which can be supported by its resources and institutional expertise

▪ Value Proposition for Business Owners
▪ Employ a creative, flexible approach by tailoring each acquisition structure tommeet liquidity needs and qualitative objectives of the target

▪ Operating Partner
▪ Consistently work with a strong network of seasoned operating partners, former executives with extensive experience building, managing, and optimizing successful small business across a range of industries

▪ Small Business Market Experience
▪ Since 2000, the management team has collectively been presented with several thousand investment opportunities and actively worked with 30 small businesses on all facets of strategy, development and operations

EFSH FINANCIAL HIGHLIGHTS

• Total revenue was $18.8M for Q3 2023 compared to $14.5M in Q3 2022, a 29.8% year-over-year increase!
• Gross profit was $8.0M in Q3 2023 compared to $4.9M in Q3 2022, a 64.9% year-over-year increase!
• 1847 Cabinets expanded their relationship with one of the nation’s leading home builders.
• The company completed refinancing and upsizing of $15 million revolving credit facility for its subsidiary, ICU Eyewear
• The company expanded its subsidiary, Wolo Manufacturing Corp, into India through a supply chain diversification program.
• The company restructured promissory notes to non-dilutive debt instruments.

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ACQUISITIONS

1847 Holdings (NYSE: EFSH) has acquired ICU, a leading designer of Over-the-Counter (OTC), non-prescription reading glasses, sunglasses, blue light-blocking eyewear, sun readers, and outdoor specialty sunglasses in February 2023. ICU was founded in 1956 and is headquartered in Hollister, California.

ICU is a recognized leader in reading eyewear and sunglasses, as well as select health and personal care items. ICU has 10 brands and a comprehensive and innovative product offering of over 3,000 SKUs across the reading glass, sunglass, and health & personal care segments.

ICU’s customer base consists of a broad range of national, regional, and specialty retailers comprising over 7,500 retail locations. ICU is the only OTC eyewear supplier in the U.S. to have meaningful penetration in all significant retail channels including grocery, specialty, office supply, pharmacy, and outdoor sports stores.

Acquisition Highlights:

• Revenue in excess of $19M and $1.7M of adjusted EBTIDA in 2021.
• ICU has developed a highly profitable and sustainable business model, with solid financials, positive EBITDA, and a gross margin of approximately 40%.
• ICU has 10 brands and a comprehensive and innovative product offering of over 3,000 SKUs across the reading glass, sunglass, and health & personal care segments.
• ICU’s customer base consists of a broad range of national, regional, and specialty retailers comprising over 7,500 retail locations.
• The company’s eyewear line has earned the title of #1 provider of OTC eyewear at Target.

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Kyle’s Custom Wood Shop, Inc.: Headquartered in Boise, ID, the company believes strong housing demand in the region is driven by out-of-state immigration into Idaho. Current operations are focused primarily in the Boise area, providing opportunities to capitalize on high-growth adjacent regions. In addition to regional expansion, EFSH plans to expand capacity by increasing the network of builders, participating in new bids, and investing in facilities and labor resources. Product line expansion and broadening sales channels to include multifamily housing remodels, and DIY segments could further accelerate growth.

Financial Highlights:

• Revenues from the construction segment (incl. Kyle’s) increased by $21,830,922, or 523.6%, to $26,000,227 for the nine months ended  September 30, 2022 from $4,169,305 for the nine months ended September 30, 2021.
• Cost of sales for the construction segment increased by $13,555,821, or 594.6%, to $15,835,830 for the nine months ended September 30, 2022 from $2,280,009 for the nine months ended September 30, 2021.
• Gross profit was $10,164,397 and $1,889,296 for the nine months ended September 30, 2022 and 2021, respectively.

WOLO Manufacturing Corp.: A leader in horn technology (electric, air, truck marine, electronic specialty, air & backup alarms) and vehicle emergency warning lights offering the highest quality and the largest selection for cars, trucks, and industrial equipment. Wolo has supplied innovative automotive products: horns, emergency warning lights, security, and lighting, to the automotive aftermarket for more than 45 years.

The company sells its products to big-box national retail chains, through specialty and industrial distributors, as well as online/mail order retailers and OEMs. With a stellar reputation for innovative design, its current product line consists of over 455 products, including 54 patented products, as well as over 90 exclusive trademarks.

Financial Highlights:

• Revenues from the automotive supplies segment increased by $833,742, or 20.9% to $5,114,755 for the nine months ended September 30th, 2022 from $4,231.013 for the nine months ended September 30th, 2021.
• Cost of sales for the automotive supplies segment increased by $369,368, or 13.9%, to $3,028,040 for the nine months ended September 30th, 2022 from $2,658.672 for the nine months ended September 30, 2021.
• Gross profit was $2,086,715 and $1,572,341 for the nine months ended September 30, 2022 and 2021, respectively.

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In October 2021, 1847 acquired High Mountain Door & Trim, Inc. & Innovative Cabinets & Design for an aggregate purchase price of approximately $15.4 million

Brief Overview

• ▪  High Mountain specializes in all aspects of finished carpentry products and services, including doors, door frames, base boards, crown molding, cabinetry, bathroom sinks and cabinets, bookcases, built-in closets, fireplace mantles, etc., working primarily with large homebuilders of single-family homes and commercial and multi- family developers
• ▪  Sierra Homes d/b/a Innovative Cabinets & Design specializes in custom cabinetry and countertops for a client base consisting of single-family homeowners, builders of multi-family homes, as well as commercial clients

‍Financial Highlights

• ▪  Revenues from the construction segment increased by $1,182,633, or 11.8%, to $11,230,579 for the three months ended September 30, 2023, from $10,047,946 for the three months ended September 30, 2022. The increase in revenues was primarily attributed to an increase in new multi-family projects and an increase in the average customer contract value.
• ▪  Cost of revenues for the construction segment decreased by $1,072,127, or 16.4%, to $5,472,716 for the three months ended September 30, 2023, from $6,544,843 for the three months ended September 30, 2022.

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1847 Announces $1.95 Million Repayment of Convertible Notes

PUBLISHED

FEB 23, 2024 10:28AM EST

$6.4 million of outstanding debt and liabilities have been eliminated over the past week; further strengthening the Company’s balance sheet

New York, New York–(Newsfile Corp. – February 23, 2024) – 1847 Holdings LLC(NYSE American: EFSH) (“1847” or the “Company”), a unique holding company that combines the attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that it has successfully paid off $1.95 million in debt, following its recent public offering.

Mr. Ellery W. Roberts, CEO of 1847, commented, “We are pleased to announce the successful repayment of $1.95 million of convertible notes. By eliminating these convertible notes, we are enhancing our balance sheet and removing potential equity overhang. As part of our strategic balance sheet optimization initiative, over the past week, we have been able to eliminate $6.4 million of outstanding debt and liabilities. This transformative initiative reflects our commitment to transparency, clarity, and creating shareholder value. By restructuring our balance sheet, we are fortifying our financial foundation and better positioning our platform for growth and success. Through this enhanced structure, we can optimize capital allocation and unlock new opportunities for growth and value creation in 2024.”

1847 Reports 29.8% Increase in Revenue to $18.8 Million for Q3 2023

PUBLISHED

NOV 14, 2023 4:05PM EST

Gross profit increases 64.9% compared to the same period last year

NEW YORK, NY / ACCESSWIRE / November 14, 2023 / 1847 Holdings LLC(“1847” or the “Company”) (NYSE American:EFSH), a unique holding company that combines the attractive attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today provided a business update and reported financial results for the three months ended September 30, 2023.

Q3 2023 Highlights and Subsequent Events

• Total revenue was $18.8M for Q3 2023 compared to $14.5M in Q3 2022, a 29.8% year-over-year increase
• Gross profit was $8.0M in Q3 2023 compared to $4.9M in Q3 2022, a 64.9% year-over-year increase
• 1847 Cabinets expanded relationship with one of the nation’s leading home builders
• Regained compliance with NYSE American continued listing standards
• Completed refinancing and upsizing of $15 million revolving credit facility for its subsidiary, ICU Eyewear
• Expanded its subsidiary, Wolo Manufacturing Corp, into India through supply chain diversification program
• Restructured promissory notes to non-dilutive debt instruments

Mr. Ellery W. Roberts, CEO of 1847 Holdings, commented, “I am pleased to report that revenues for the third quarter of 2023 increased by 29.8% and our gross profit increased 64.9% over the same period last year. We attribute this performance to the strength of our platform and our ability to support the growth of our portfolio companies, while at the same time improving their profitability. During the quarter, we successfully restructured convertible notes to eliminate the potential equity dilution, and recently Egan-Jones affirmed their BB+ rating on our senior credit facility, which further illustrates the strength of our balance sheet. Importantly, our cash flow continues to improve and based on our current trajectory, we expect to achieve over 50% revenue growth in 2023. Heading into 2024, we expect to continue our strong revenue growth, which should significantly enhance our profitability as we leverage our fixed costs and benefit from economies of scale. We also believe that the intrinsic value of the business has not been recognized by the public market, and, as a result, we continue to explore a variety of strategic options which could include spinoffs of subsidiaries or privatization of the Company to maximize value for our shareholders.”

Q3 2023 Financial Highlights

Total revenues were $18,777,921 for the three months ended September 30, 2023, as compared to $14,472,361 for the three months ended September 30, 2022.

• Revenues from the retail and appliances segment decreased by $513,697, or 17.5%, to $2,421,008 for the three months ended September 30, 2023, from $2,934,705 for the three months ended September 30, 2022. The decline in revenues was primarily attributed to ongoing supply chain delays and decreased customer demand.
• Revenues for the retail and eyewear segment were $4,243,254 for the three months ended September 30, 2023.
• Revenues from the construction segment increased by $1,182,633, or 11.8%, to $11,230,579 for the three months ended September 30, 2023, from $10,047,946 for the three months ended September 30, 2022. The increase in revenues was primarily attributed to an increase in new multi-family projects and an increase in the average customer contract value.
• Revenues from the automotive supplies segment decreased by $606,630, or 40.7%, to $883,080 for the three months ended September 30, 2023, from $1,489,710 for the three months ended September 30, 2022. The decline in revenues was primarily attributed to ongoing supply chain delays with manufacturers and decreased customer demand.

Total cost of revenues was $10,737,174 for the three months ended September 30, 2023, as compared to $9,596,387 for the three months ended September 30, 2022.

• Cost of revenues for the retail and appliances segment decreased by $207,941, or 9.5%, to $1,976,031 for the three months ended September 30, 2023, from $2,183,972 for the three months ended September 30, 2022.
• Cost of revenues for the retail and eyewear segment was $2,662,586, or 62.7% of retail and eyewear revenues, for the three months ended September 30, 2023.
• Cost of revenues for the construction segment decreased by $1,072,127, or 16.4%, to $5,472,716 for the three months ended September 30, 2023, from $6,544,843 for the three months ended September 30, 2022.
• Cost of revenues for the automotive supplies segment decreased by $241,731, or 27.9%, to $625,841 for the three months ended September 30, 2023, from $867,572 for the three months ended September 30, 2022.

Total general and administrative expenses were $4,195,261 for the three months ended September 30, 2023, as compared to $2,505,571 for the three months ended September 30, 2022.

Net loss from continuing operations was $5,859,072 for the three months ended September 30, 2023, as compared to a net loss of $4,472,622 for the three months ended September 30, 2022. Such change was primarily due to interest expense of $5,074,169 and other expense of $187,200. Excluding this, the Company’s net loss from continuing operations for the three months ended September 30, 2023 would have been $597,703.

Nine Month 2023 Financial Highlights

Total revenues were $53,572,198 for the nine months ended September 30, 2023, as compared to $39,437,482 for the nine months ended September 30, 2022.

• Revenues from the retail and appliances segment decreased by $1,434,911, or 17.2%, to $6,887,589 for the nine months ended September 30, 2023, from $8,322,500 for the nine months ended September 30, 2022.
• Revenues for the retail and eyewear segment were $11,530,027 for the period from February 9, 2023 (date of acquisition) to September 30, 2023.
• Revenues from the construction segment increased by $5,646,972, or 21.7%, to $31,647,199 for the nine months ended September 30, 2023, from $26,000,227 for the nine months ended September 30, 2022.

Revenues from the automotive supplies segment decreased by $1,607,372, or 31.4%, to $3,507,383 for the nine months ended September 30, 2023 from $5,114,755 for the nine months ended September 30, 2022.

Total cost of revenues was $32,774,377 for the nine months ended September 30, 2023, as compared to $25,109,863 for the nine months ended September 30, 2022.

• Cost of revenues for the retail and appliances segment decreased by $784,127, or 12.6%, to $5,461,866 for the nine months ended September 30, 2023, from $6,245,993 for the nine months ended September 30, 2022.
• Cost of revenues for the retail and eyewear segment was $7,102,908, or 61.6% of retail and eyewear revenues, for the period from February 9, 2023(date of acquisition) to September 30, 2023.
• Cost of revenues for the construction segment increased by $2,212,564, or 14.0%, to $18,048,394 for the nine months ended September 30, 2023, from $15,835,830 for the nine months ended September 30, 2022.
• Cost of revenues for the automotive supplies segment decreased by $866,831, or 28.6%, to $2,161,209 for the nine months ended September 30, 2023, from $3,028,040 for the nine months ended September 30, 2022.

Total general and administrative expenses were $10,715,638 for the nine months ended September 30, 2023, as compared to $6,737,782 for the nine months ended September 30, 2022.

Net loss from continuing operations was $8,781,627 for the nine months ended September 30, 2023, as compared to a net loss of $5,547,498 for the nine months ended September 30, 2022. Such change was primarily due to interest expense of $9,747,299 and other expense of $135,232. Excluding this, the Company’s net income from continuing operations for the nine months ended September 30, 2023 would have been $1,100,904.

1847 Secures $750,000 Credit Facility for its Wolo Manufacturing Subsidiary

PUBLISHED

JAN 24, 2024 9:00AM EST

NEW YORK, NY / ACCESSWIRE / January 24, 2024 / 1847 Holdings LLC (“1847” or the “Company”) (NYSE American:EFSH), a unique holding company that combines the attributes of owning private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, today announced that it has secured a $750,000 credit facility for its Wolo Manufacturing Corp. (“Wolo”) subsidiary.

Wolo is a leading manufacturer and distributor of vehicle horns and safety products (electric, air, truck, marine, motorcycle and industrial equipment), and offers vehicle emergency and safety warning lights for cars, trucks, industrial equipment and emergency vehicles.

Mr. Ellery W. Roberts, CEO of 1847, commented, “We are pleased to have secured this credit facility for Wolo, a strategic move that empowers Wolo with working capital to fulfill orders due to strong customer demand. Furthermore, this facility strengthens Wolo’s liquidity and increases its financial flexibility, enabling it to grow its business without any equity dilution at either the 1847 or subsidiary level. With this enhanced credit capacity, combined with growing customer demand and easing of supply chain pressure, Wolo has the potential to increase its sales by 50% to 70% year-over-year in 2024.”

Additional details Wolo’s credit facility will be available upon the filing of a Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission and available on the Company’s website once filed.

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NEWS

PUBLISHED

2 DAYS AGO

1847 Announces $1.95 Million Repayment of Convertible Notes

PUBLISHED

2 DAYS AGO

1847 Holdings’ Hunt For Small Business Gems: How This PE Firm Finds Its Diamonds In The Rough

PUBLISHED

2 DAYS AGO

1847 Announces $1.95 Million Repayment of Convertible Notes

PUBLISHED

3 DAYS AGO

1847 Secures $1.0 Million Credit Facility to Address Accelerated Growth for its High Mountain Door & Trim Subsidiary

PUBLISHED

5 DAYS AGO

1847 Announces Strategic Divesture of 1847 Asien Inc. Subsidiary; Significantly Enhancing Balance Sheet and Shareholder Value

PUBLISHED

FEB 14, 2024

1847 Holdings LLC Announces Closing of $5.0 Million Public Offering

PUBLISHED

FEB 12, 2024

1847 Holdings Announces Positive Restatement of Financial Results for Subsidiary and Reduction in Loss from Operations of Approximately $3.6 Million and Increase in Assets of $642,000 for 2022

PUBLISHED

FEB 9, 2024

1847 Holdings LLC Announces Pricing of $5.0 Million Public Offering

PUBLISHED

JAN 24, 2024

1847 Secures $750,000 Credit Facility for its Wolo Manufacturing Subsidiary

PUBLISHED

DEC 27, 2023

1847 Holdings Announces 1-for-4 Reverse Split

PUBLISHED

NOV 14, 2023

1847 Reports 29.8% Increase in Revenue to $18.8 Million for Q3 2023

PUBLISHED

NOV 1, 2023

1847 Holdings’ Subsidiary 1847 Cabinets Announces Expanded Relationship with One of the Nation’s Leading Home Builders

PUBLISHED

OCT 3, 2023

1847 Holdings Regains Compliance with NYSE American Continued Listing Standards

PUBLISHED

SEP 21, 2023

1847 CEO to Participate in Investor Fireside Chat

PUBLISHED

SEP 18, 2023

1847 Engages Spartan Capital to Explore Strategic Options, Including Potential Privatization

PUBLISHED

SEP 12, 2023

1847 Subsidiary, ICU Eyewear, Successfully Completes Refinancing and Upsizing of $15 Million Revolving Credit Facility

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MANAGEMENT TEAM

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An Experienced CEO:

The company was founded by CEO Ellery W. Roberts, a former partner of Parallel Investment Partners, Saunders Karp & Megrue, and Principal of Lazard Freres Strategic Realty Investors.

Ellery W. Roberts leading the reins has helped elevate EFSH to an NYSE listing and his expertise could soon lead the company to much greater heights!

• Mr. Roberts has 20+ years of private equity investing experience; directly involved in $3+ billion transactions.
• He formed RW Capital Partners LLC, an investment manager approved by the Investment Committee of the U.S. Small Business Administration in 2010 to raise and manage a Small Business Investment Company.
• He previously was a Managing Director of Parallel Investment Partners LP, responsible for ~$400 million in invested capital across two funds.
• He served as a Principal at Lazard Freres & Co. working in their Real Estate Principal Investment Area, where he was a senior team member involved in the investment of over $2.4 billion of capital.
• Mr. Roberts worked at Colony Capital, Inc., a $625 million private equity fund.
• He has experience as an Investment Banker in the Corporate Finance division of Smith Barne.

“I’m pleased to report revenues increased by 27.6% to $15.4 million and we achieved net income of $1.0 million for the first quarter of 2023. At the same time, our gross profit increased 35.0% over the same period last year. These results are further validation of the strength of our platform and our ability to acquire undervalued, cash flow positive, lower-middle market businesses at attractive valuations with minimum dilution to shareholders. Importantly, we are reaffirming our prior guidance of revenue in excess of $90 million in 2023.”

CEO Ellery W. Roberts

Vernice L. Howard – Chief Financial Officer

Ms. Howard has served as Chief Financial Officer since September 2021. She has over 30 years of experience in the fields of finance and accounting. Prior to joining us, she worked for Independent Electrical Contractors, Inc. and its affiliates for over eleven years as Chief Financial Officer, where she was responsible for providing leadership to the organization in the areas of finance, human resources and general facilities administration, in addition to setting policies, procedures, strategies, practices and overseeing the organization’s assets. The foundation of Ms. Howard’s accounting and finance experience began with public accounting for several years gaining experience in tax and auditing in the entertainment and nonprofit sectors as Chief Financial Officer for The Cronkite Ward Company, a television production company, and Director of Finance for Community Action Group (CAG), a nonprofit organization. Before her work with Independent Electrical Contractors, Inc., Ms. Howard’s professional background established an emphasis in forensic accounting. Ms. Howard is a Founding Member of Chief, which is a DC based vetted network of C-level or rising VP’s supporting and connecting exceptional women. Ms. Howard holds a Master of Business Administration in Finance from Trinity Washington University Graduate School of Business Management and Bachelor of Science in Accounting from Duquesne University.

Glyn C. Milburn – Vice President of Operations

Mr. Milburn joined 1847 in February 2023 after serving as a member of the company’s board of directors since August 2022. Mr. Milburn brings diverse operational and strategic expertise across multiple sectors, including commercial finance, labor negotiations, and operations management.

Before joining 1847, Mr. Milburn served as a Director at Ygrene Energy Fund, a consumer finance company based in California. Mr. Milburn also served as Partner at Jimmy Blackman & Associates, a full-service government and public affairs firm, where he was responsible for business strategy, client management, communications, and campaign management for a client portfolio comprised of large public safety labor unions, banking/finance companies, and hotel operators across the state of California. Mr. Milburn has also served as a special assistant in the City of Los Angeles, where he held two positions, one in the office of Los Angeles Mayor Eric Garcetti’s Office of Economic Development and another in the office of Los Angeles City Council. Previously, Mr. Milburn served as Executive Vice President of Texas AF2 Holdings, managing a portfolio of sports franchises handling their operations, compliance, and strategic planning.

Mr. Milburn co-founded Provident Investment Advisors LLC, a special investment vehicle for energy, technology, and healthcare ventures, where he served as a managing member. Mr. Milburn also serves on the board of directors ofPolished.comInc. Mr. Milburn holds a B.A. degree in  Public Policy from Stanford University and an M.B.A. from the Kelley School of Business at Indiana University.

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Total revenue was $12.9 million for the nine months of 2023, an increase of 93% compared to total revenue of $6.7 million in the prior year period, driven by an increase in sales in both Service and Product revenue which were significantly positively impacted by acquisitions.

Service revenue for the nine months of 2023 increased 88% to $9.2 million primarily driven by acquisitions of animal hospitals and clinics accumulated since the prior period.

Product revenue of $3.7 million increased 110% compared to the prior year period driven primarily by acquisitions of animal hospitals and clinics in 2023.

The APPA National Pet Owners Survey revealed that 66% of U.S.households own a pet. This translates to about 86.9 million households with pets

Consolidators own approximately 50% of all veterinary hospital revenue in the U.S.

IVP is Currently Operating 14 Locations Across 10 States, Giving it an Impressive Footprint to Expand on

READ THE INVESTOR PRESENTATION HERE

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Hello Everyone,

There is another company that we want to bring to your attention immediately.

The number of U.S. homes with pets has been trending upward for decades, with more than 5 million more pets in the U.S. than before the pandemic. Beyond the pandemic-driven boom, the trends continue, driven by changing social dynamics as well as technological advancements. According to Morgan Stanley, the pet services industry is set to grow at a compound annual growth rate (CAGR) of 8% over 2022-2030, reaching a projected total of $277 billion.

Average annual household spending per pet could grow from $980 in 2020 to $1,292 by 2025 and expand further to $1,909 by 2030, according to Morgan Stanley. This growth would be distributed across various categories, including pet food, veterinary care and a handful of other services. Additionally, there is a booming set of sub-sectors like dog walking, pet-sitting, grooming and training, underscoring the scale and scope of the industry’s growth. Amidst this broad expansion, this upward trend in sales is estimated by some to be a full 50% higher in 2023 at $143.6 billion.

Pull up IVP Immediately.

The U.S. pet industry generated $103B in 2020. In 2017 there were 28,000+ pet hospitals in the U.S.

Inspire is an owner of general practice veterinary clinics in the United States. Inspire acquires practices, and, in many cases real estate, and then works with teams on a long- term basis to improve and maintain hospital operations, grow revenues and maximize earnings. As the Company expands, it is adding new services hospitals, including mixed animal facilities, critical and emergency care, and other specialty services such as equine, in one location.

Inspire Veterinary Partners (NASDAQ: IVP): Empowering Veterinary Professionals Through Its Employee-Oriented Ownership Model

VIRGINIA BEACH, VA / ACCESSWIRE / January 25, 2024 / Inspire Veterinary Partners Inc. (NASDAQ:IVP) introduces a distinctive approach to veterinary practice ownership that is markedly different from traditional investment models. This approach, diverging from the top-down that uses short-term strategies typical in private equity, emphasizes engaged ownership and a commitment to the well-being of both pets and veterinary professionals.

Transitioning Ownership With Inspire

Inspire provides a unique pathway for veterinary practice owners considering a transition. Unlike the traditional top-down models, where changes are often dictated by far-removed executives, Inspire’s process involves a collaborative approach to understanding and enhancing the unique qualities of a practice. This method respects the value of the hospital while empowering employees to engage in self-directed change, ensuring that veterinary practices remain integral parts of their communities and firmly in the hands of those most qualified to run their respective practices: the employees. The Inspire model is also designed around long-term benefits for team members and clients versus the shorter timeframes dictated by ownership structures within Private Equity owned practices.

Employee-Centric Ownership And Benefits

Inspire’s model is built on employee and shareholder ownership, led by experienced veterinary professionals. This structure aims to facilitate significant employee input in decision-making and fosters a culture of resilience, trust and respect. Comprehensive pay, benefits and customizable compensation packages are emphasized right from the beginning of a partnership, aimed at meeting individual needs and aspirations while contributing to a more satisfied and motivated workforce. With equity offerings planned for a large portion of the IVP workforce, the company is decidedly different from other consolidators in the pet care space which typically do not offer ownership, or when offered, the equity is only available to a select few.

Empowerment And Community Engagement

The Inspire organization is equally committed to veterinary care as it is personal development and mentorship, empowering veterinary professionals to positively impact their communities. Inspire’s philosophy extends beyond financial interests, offering a sense of ownership and pride in their work, partners and communities. The future of veterinary care with Inspire is envisioned as one where practices are more than businesses – they are vital community members providing high-quality care to pets and peace of mind to pet owners through a bottom-up employee-driven business model. With experienced veterinary professionals in every department at Inspire and veterinarians in many support and leadership functions, the company prides itself on ensuring decisions are made with the long-term interest of the workforce, veterinary industry and shareholders alike.

Joining Inspire Inspire Veterinary Partners

For potential sellers seeking an acquisition partner for their hospital, joining Inspire involves an in-depth and personalized process. Meetings with Business Development at IVP lead to further conversation and hospital visits with operations and medical leadership and culminate in a visit with CEO Kimball Carr. Each meeting includes discussions about compensation and community goals and the entire. The process aims to foster trust and collaboration from the start, encompassing in-person interactions and town hall Q&A sessions.

Redefining Veterinary Care In The Private Equity Era

By prioritizing employee ownership and involvement alongside comprehensive compensation and benefits packages, Inspire Veterinary Partners aims to align the interests of veterinary professionals, pet owners and their pets. This approach challenges the conventional norms of veterinary practice ownership and offers an alternative model focused on community engagement and personal development. While the long-term impacts of such a model in the broader veterinary industry are yet to be fully realized, Inspire’s strategy presents a novel perspective for those considering the evolving landscape of veterinary healthcare.

THE NEAR FUTURE

The 5-year plan includes a 10 location per year run rate for acquisitions and a public event within that timeframe which allows Inspire to share equity with all associates working in its locations.

DIFFERENTIATORS

Key relationships from the acquisition process through operations and the unique position of a publicly-traded veterinary services organization, provide us advantages in growth capability,

WHAT IS INSPIRE, WHAT IS THE 5 YEAR PLAN? 

Key relationships from the acquisition process through operations and the unique position of a publicly-traded veterinary services organization, provide us advantages in growth capability,befficiency and employee retention.

Inspire Veterinary Partners Reports Third Quarter 2023 Financial Results

VIRGINIA BEACH, VA / ACCESSWIRE / November 14, 2023 / Inspire Veterinary Partners, Inc.(NASDAQ:IVP) (“Inspire” or the “Company”), an owner and provider of pet health care services throughout the U.S., today reported financial results for its third quarter and nine months ended September 30, 2023.

“We are pleased to report strong third quarter 2023 results as a newly public company with total revenue growing 41 percent year-over-year,” said Kimball Carr, Chairman, President & Chief Executive Officer of Inspire. “The positive momentum in our business has continued through the third quarter making us optimistic about our overall growth prospects in 2023. Looking forward, we believe there is significant opportunity ahead of us in the large, growing, and unconsolidated pet care market.”

Mr. Carr added, “With our successful initial public offering behind us, we are very excited about the opportunity to accelerate the pace of our animal hospital acquisition program. We recently completed the acquisition of our first animal hospital in Pennsylvania, Valley Veterinary Service, whose 2022 gross revenues exceeded $1.7 million.Our team is focused on building a robust pipeline of acquisition targets. With 14 hospitals in 10 states, we believe there is a lot of growth potential ahead of us both organically and through acquisition. We are excited to execute our growth strategy and deliver enhanced value for our shareholders.”

Third Quarter 2023

Total revenue was $4.1 million for the third quarter of 2023, an increase of 42% compared to total revenue of $2.9 million in the prior year period, driven by an increase in sales in both Service and Product revenue which were significantly positively impacted by acquisitions. Service revenue for the third quarter of 2023 increased 30% to $2.9 million, driven primarily by three new animal hospitals and clinics acquired in 2023. Product revenue of $1.2 million increased 76% compared to the prior year period also driven primarily by the acquisition of additional animal hospitals and clinics in 2023.

General and administrative expenses increased $1.8 million or 103%, to $3.6 million for the three months ended September 30, 2023 compared to $1.8 million for the three months ended September 30, 2022. The increase was primarily due to the expenses generated by the Company’s acquired animal hospitals and clinics, the start-up and organizational expenses associated with the acquisitions and the costs associated with the Company’s initial public offering and listing on the Nasdaq Capital Market.

Net loss was $7.9 million for the third quarter of 2023 compared to net loss of $1.4 million for the prior year period. The increase in net loss was primarily attributable to the additional operating expenses, the non-cash beneficial conversion feature of $4.1 million on the convertible debenture and series A preferred stock recognized upon the completion of the IPO and the acquisition costs associated with the Company’s recently acquired animal hospitals and clinics. The Company also incurred additional costs associated with the initial public offering that closed on August 31, 2023.

First Nine Months of 2023

Total revenue was $12.9 million for the nine months of 2023, an increase of 93% compared to total revenue of $6.7 million in the prior year period, driven by an increase in sales in both Service and Product revenue which were significantly positively impacted by acquisitions. Service revenue for the nine months of 2023 increased 88% to $9.2 million primarily driven by acquisitions of animal hospitals and clinics accumulated since the prior period. Product revenue of $3.7 million increased 110% compared to the prior year period driven primarily by acquisitions of animal hospitals and clinics in 2023.

General and administrative expenses were $7.2 million for the first nine months of 2023 compared to $3.7 million in the prior year period. The increase was primarily due to the expenses generated by the Company’s animal hospitals and clinics acquired, the start-up and organizational expenses associated with acquisitions and the costs associated with the Company’s initial public offering and Nasdaq listing.

Net loss was $10.6 million for the first nine months of 2023 compared to a net loss of $3.0 million for the prior year period. The increase in net loss was primarily attributable to the additional operating expenses, the non-cash beneficial conversion feature of $4.1 million on the convertible debenture and series A preferred stock recognized upon the completion of the IPO and the acquisition costs associated with the Company’s recently acquired animal hospitals and clinics. The Company also incurred additional costs associated with its initial public offering.

Balance Sheet

As of September 30, 2023, the Company had cash and cash equivalents of approximately $1.9 million.

About Inspire Veterinary Partners, Inc.

Inspire Veterinary Partners is an owner/operator of veterinary hospitals in the US. As the Company expands, it expects to acquire additional veterinary hospitals, including general practice, mixed animal facilities, and critical and emergency care.

For more information, please visit: www.inspirevet.com.

Connect with Inspire Veterinary Partners, Inc.

Facebook

https://www.facebook.com/InspireVeterinaryPartners/

LinkedIn

https://www.facebook.com/InspireVeterinaryPartners/

Inspire Veterinary Partners Announces Opening of Newly Relocated and Expanded Family Pet Care Animal Hospital in Sugarland, Texas

• New hospital design represents model for future upgrades across the IVP platform
• State-of-the-art facility has been designed to elevate service to customers while creating an efficient and attractive workplace environment for employees

VIRGINIA BEACH, VA / ACCESSWIRE / January 3, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) (“Inspire” or the “Company”), an owner and provider of pet health care services throughout the U.S., today announced the opening of a its Sugarland, Texas animal hospital, in a new location and larger facility that incorporates state-of-the art design to better serve its customer and support its staff.

Rendering of IVP’s New and Expanded Sugarland, TX Animal Hospital

Opening in January 2024, Inspire is excited to make it possible for more Sugarland Texas area pet lovers to provide veterinary care for their animals at its newly relocated and expanded local hospital. Purpose built around the needs of IVP’s care team and clients, this modern, customized facility incorporates the veterinary teams’ guidance into the design, materials, floor plan and tools deemed necessary to provide world class care for pets. Family Pet Care in Sugarland also represents the model for future newly built practices as the Company strategically expands existing clinics to optimize pet care in the communities it serves.

“From initial concept through construction. this hospital has been built with the needs of our team and clients in mind,” said Dr. Alexandra Quarti, Vice President of Medical Operations of Inspire. “The design makes this hospital a great place to work with every modern tool necessary for high quality care while providing comfort and efficiency for our team.”

Inspire collaborated with its facilities team at Synergy PMC led by John Grimes and architectural and design experts Nour Architecture, to create a model hospital that it believes can be replicated at existing or newly acquired facilities. “This location was months in the designing and building, providing our Sugarland area team a best-in-class hospital from which to care for pets, with a design scheme that can be used across our entire platform,” stated Kimball Carr, Chairman, President & Chief Executive Officer of Inspire. “We believe Family Pet Care of Sugarland Texas will be the first of more to come for Inspire.”

Inspire Veterinary Partners Announces Acquisition of Valley Veterinary Service Animal Hospital

• Latest acquisition brings the total number of Inspire locations to 14.
• Expansion into a new state, Pennsylvania.
• Pipeline of attractive potential acquisitions of animal hospitals remains active.

VIRGINIA BEACH, VA / ACCESSWIRE / November 8, 2023 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) (“Inspire” or the “Company”), an owner and provider of pet health care services throughout the U.S., today announced that it has completed the acquisition of Valley Veterinary Service, Inc. animal hospital located in Pennsylvania, Inspire’s first entry in that state.

Valley Veterinary Service’s 2022 gross revenues were in excess of $1.7 million. As part of the transaction, Inspire acquired certain real estate assets related to Valley Veterinary hospital.

Kimball Carr, Chairman, President & Chief Executive Officer of Inspire, stated, “We are very excited to enter Pennsylvania and to collaborate with this remarkably committed and talented team who have been serving their community for years. The Valley team is expected to continue to operate the hospital and provide the same incredible care and service they have to so many clients and pets, while IVP leverages our expertise and infrastructure to enable the team at Valley to continue to be their best. Inspire looks forward to future nationwide growth opportunities.”

NEWS

PUBLISHED

FEB 13, 2024

Inspire Veterinary Partners Announces Closing of $4.0 Million Public Offering

PUBLISHED

FEB 9, 2024

Inspire Veterinary Partners Announces Pricing of $4.0 Million Public Offering

PUBLISHED

JAN 31, 2024

Paws And Prosperity: Exploring U.S. Pet Services Growth And The Anticipated Surge In Annual Pet Spending From $980 To $1,292 By 2025

PUBLISHED

JAN 25, 2024

Inspire Veterinary Partners (NASDAQ: IVP): Empowering Veterinary Professionals Through Its Employee-Oriented Ownership Model

PUBLISHED

JAN 9, 2024

Inspire Veterinary Partners to Present at Sidoti Virtual Investor Conference January 17

PUBLISHED

JAN 9, 2024

Prioritizing The Health Of Vets And Pets: Inspire Veterinary Partners’ Fresh Take On Veterinary Practices

PUBLISHED

JAN 3, 2024

Inspire Veterinary Partners Announces Opening of Newly Relocated and Expanded Family Pet Care Animal Hospital in Sugarland, Texas

PUBLISHED

DEC 21, 2023

How Inspire Veterinary Partners Is Making Its Mark Through Its Approach To Strategic Leadership

DEC 20, 2023

How Inspire Veterinary Partners’ Management System Is Helping Reinvent Veterinary Practice Management

PUBLISHED

DEC 1, 2023

Inspire Veterinary Partners Announces Participation in NobleCon19 – Noble Capital Markets’ 19th Annual Emerging Growth Equity Conference

PUBLISHED

NOV 14, 2023

Inspire Veterinary Partners Reports Third Quarter 2023 Financial Results

PUBLISHED

SEP 26, 2023

Inspire Veterinary Partners, Inc. to Present at the Emerging Growth Conference, Thursday, October 5, 2023

PUBLISHED

SEP 21, 2023

Inspire Veterinary Partners, Inc. Announces Non-Binding Letter of Intent to Acquire Animal Hospital and Enter the State of Pennsylvania

PUBLISHED

SEP 13, 2023

Inspire Veterinary Partners, Inc. Announces Leadership Appointments Enhancing Operational and Financial Talent to Support Future Growth

PUBLISHED

SEP 1, 2023

Inspire Veterinary Partners, Inc. Announces Non-Binding Letter of Intent to Acquire Two Animal Hospitals and Enter the State of Oregon

PUBLISHED

AUG 31, 2023

Inspire Veterinary Partners, Inc. Announces Closing of $6.4 Million Initial Public Offering

MANAGEMENT TEAM

Kimball Carr
Chairman, President & CEO

Stith Keiser
Vice Chairman, Chief Operating Officer

Richard Frank
Chief Financial Officer

Dr. Alexandra Quatri
Vice President of Medical Operations

Zander Carraway
Director of Acquisitions

Lynley Kees
Director of Human Resources

Julie Keel
Director of Hospital and Office Support

Lauren Silva
Manager of Hospital Transitions and Support

SINCERELY,

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OUR NEW PROFILE IS:   (NASDAQ: FMST)

FMST HAS LESS THAN 4.5M SHARES AVAILABLE IN ITS FLOAT ACCORDING TO FINVIZ.COM

ZACKS SMALL-CAP RESEARCH ANALYST STEVEN RALSTON, CFA, SET A TARGET OF $6.20

VIEW THE INVESTOR PRESENTATION HERE

_______________________________

Hello Everyone,

We are back with another exciting profile for you to research for tomorrow’s session.

Our Last one exploded 38% under 2 hours into the session like a rocket ship.

It opened at 1.37 and before 11:30 this one hit 1.90 on strong interest.

Our next one operates in a massive sector.

This is a company that uplisted to the Nasdaq back in August…….. not an easy task to accomplish.

Pull up FMST immediately.

GLOBAL LITHIUM-ION BATTERY MARKET SET TO SURGE OVER 295% BY 2032 ⁽⁴⁾

The global lithium-ion battery market is on the brink of a monumental surge, poised to catapult over 295% to surpass a staggering $387 billion by 2032. This forecast underscores the relentless momentum driving the lithium-ion battery industry, propelled by a myriad of factors reshaping the energy landscape worldwide. ⁽⁴⁾ 

Among regions, North America stands out as a beacon of rapid development within the lithium-ion battery market. Spearheaded by the United States, North America dominates this sector, fueled by a confluence of factors amplifying demand. The surge in automobile and electric vehicle sales across the region, coupled with the rising need for lithium-ion batteries in mobile phones, serves as pivotal catalysts propelling market expansion and development in North America. ⁽⁴⁾

Unveiling Growth Factors

The prevalence of lithium-ion batteries in electronics and automobiles owes to their unparalleled efficiency and effectiveness. Their rechargeable nature adds to their allure, contributing significantly to their widespread adoption. ⁽⁴⁾ 

The burgeoning electric vehicle market stands as a key driver fueling the global lithium-ion battery market’s growth trajectory over the projected period.⁽⁴⁾

With higher energy density and prolonged shelf life, lithium-ion batteries seamlessly integrate into vehicles and automobiles, amplifying their appeal. ⁽⁴⁾

A crucial impetus behind the market’s expansion is the escalating consumer spending on consumer electronics. ⁽⁴⁾

Moreover, the burgeoning adoption of electric vehicles, driven by the escalating costs of fossil fuels and gasoline, amplifies demand for lithium-ion batteries on a monumental scale, further augmenting market growth.⁽⁴⁾

The expanding renewable energy sector also emerges as a pivotal factor bolstering the lithium-ion battery market’s expansion. ⁽⁴⁾

Government investments in energy and infrastructural projects amplify this growth, creating a conducive environment for market development. ⁽⁴⁾

Collaborations between major market players and government agencies further amplify growth prospects, fostering an environment ripe for market expansion.⁽⁴⁾

In this dynamic landscape, Foremost Lithium Resource & Technology (Nasdaq: FMST) emerges as one company to keep a close eye on, especially since Zacks Small-Cap Research analyst Steven Ralston, CFA recently set a target of $6.20 for the company. ⁽²⁾

This target suggests over 250% potential upside from Foremost Lithium’s 52-week low of $1.77 set on 10/25/2023 and over 113% potential upside from its recent opening of $2.90 on Monday, 2/12/2024. ⁽²⁾⁽³⁾

Positioned strategically to capitalize on the burgeoning lithium-ion battery market, Foremost Lithium Resource & Technology (Nasdaq: FMST) stands poised for significant growth.

With a focus on innovation and sustainability, Foremost Lithium Resource & Technology (Nasdaq: FMST) positions itself as a hard-rock exploration company strategically poised to capitalize on the global “electrification revolution.” ⁽⁵⁾ 

Committed to becoming a premier supplier of North America’s lithium feedstock, Foremost Lithium Resource & Technology (Nasdaq: FMST) directs its efforts towards exploration and growth on its four core Lithium Lane Projects in Snow Lake, Manitoba, as well as its Lac Simard South Property in Quebec. Additionally, the company holds the Winston Gold/Silver Property in New Mexico, USA. ⁽⁵⁾

Amidst the world’s transition towards decarbonization, Foremost Lithium Resource & Technology (Nasdaq: FMST) stands ready to thrive in the industry’s unprecedented growth trajectory. ⁽⁵⁾

With a robust presence in key lithium-rich regions, the company is well-equipped to navigate and seize the abundant opportunities that lie ahead as the global lithium-ion battery market surges to unprecedented heights. ⁽⁵⁾

Keep reading to see why Foremost Lithium Resource & Technology (Nasdaq: FMST) needs to be at the top of your watchlist…

WHY FOREMOST LITHIUM RESOURCE & TECHNOLOGY (NASDAQ: FMST) NEEDS TO BE ON YOUR WATCHLIST

• Analyst Coverage: With Zacks Small-Cap Research analyst Steven Ralston, CFA, setting a target of $6.20 for the company, Foremost Lithium Resource & Technology (Nasdaq: FMST) has garnered significant attention in the market. This target suggests over 250% potential upside from the company’s 52-week low of $1.77, set on 10/25/2023, and over 113%potential upside from its recent opening of $2.90 on Monday, 2/12/2024. ⁽²⁾⁽³⁾

• Low Float Situation: Companies with a low float frequently have a large portion of their equity held by controlling investors such as directors and employees, which leaves only a tiny percentage of the stock available for public trading. That limited supply can cause dramatic price swings if demand changes quickly. ⁽⁷⁾ As of 2/12/2024, Foremost Lithium Resource & Technology (Nasdaq: FMST) has less than 4.5M shares available in its float according to Finviz.com. ⁽⁶⁾

• Clean Energy Revolution: Positioned strategically to contribute significantly to the clean energy future, Foremost Lithium Resource & Technology (Nasdaq: FMST) is focused on extracting lithium oxide, a crucial component in lithium-based batteries powering the electric vehicle (EV) revolution. The company stands at the forefront of facilitating the transition towards decarbonization. ⁽⁸⁾ The global lithium-ion battery market is on the brink of a monumental surge, poised to catapult over 295% to surpass a staggering $387 billion by 2032.⁽⁴⁾

• Extensive Land Holdings: Operating several strategically located properties covering over 55,1180 acres in Snow Lake, Manitoba, and Quebec, Foremost Lithium is well-positioned to meet North America’s growing lithium demand. This extensive landholding underscores the company’s potential to supply crucial resources for the rapidly expanding EV and battery storage markets. ⁽⁸⁾

• Streamlined Exploration Processes:The recent issuance of a multi-year work permit by the Manitoba government’s Mining Permit Office until April 30, 2026, is a significant catalyst for Foremost Lithium. This permit streamlines exploration processes at the Zoro Lithium Project, enabling more efficient, cost-effective, and safer exploration strategies. ⁽⁸⁾

• Strategic Partnerships and Support:Foremost Lithium’s partnership with local companies for drilling, air support, core storage, and technical support ensures comprehensive operational backing for its exploration programs. Additionally, the company’s receipt of a $300,000 grant from the Manitoba Mineral Development Fund (MMDF) underscores external confidence in its potential and contribution to sustainable development. ⁽⁸⁾

• Aggressive Resource-Building Initiatives: The company’s ambitious winter drilling program at the Zoro Lithium Property, targeting Dyke 1 and previously drilled lithium spodumene dykes, reflects its commitment to expanding resource-building efforts. Aligning with North America’s escalating demand for EVs and clean energy solutions, this initiative positions Foremost Lithium as a pioneering force in the mining sector, poised to shape the future of clean energy. ⁽⁸⁾

FOREMOST LITHIUM (NASDAQ: FMST) POSITIONED FOR SIGNIFICANT GROWTH AS ANALYST’S TARGET SUGGESTS 250% UPSIDE POTENTIAL FROM 52-WEEK LOW ⁽²⁾⁽³⁾

Embracing the electric vehicle (EV) revolution, Foremost Lithium Resource & Technology (Nasdaq: FMST) stands poised for growth amidst a structural supply-demand imbalance in lithium, particularly for EV batteries.

Legislative incentives aimed at fostering North American-sourced lithium further bolster the company’s prospects, exemplified by the $7,500 tax credit for EV purchases, contingent on the origin of battery components, with plans to extend to critical minerals by 2025. ⁽²⁾

At the forefront of its operations is Foremost Lithium Resource & Technology (Nasdaq: FMST)’s flagship Zoro Project, which boasts 25 confirmed spodumene-bearing pegmatite dykes.

The company’s upcoming 10,000m diamond drill campaign, commenced in February 2024, underscores its dedication to expanding its resource base and exploring new growth avenues. ⁽¹⁸⁾

Beyond the Zoro Project, Foremost Lithium Resource & Technology (Nasdaq: FMST)’s expansive portfolio includes promising lithium properties in Manitoba and Quebec, alongside the Winston Gold & Silver Project in New Mexico.

An uplisting to NASDAQ under ticker symbol FMST augurs well for the company, opening new doors for expansion and investor engagement while enhancing visibility and liquidity. ⁽²⁾

Supported by promising metallurgical studies indicating the potential for near battery-grade lithium concentrate, Foremost Lithium Resource & Technology (Nasdaq: FMST)’s Direct Shipping Ore (DSO) plan offers a viable strategy for monetizing ore and unlocking significant value from its assets.

Recent developments, including winter drill programs and securing financing commitments, underscore the company’s proactive approach to project advancement, further strengthened by its third installment of a $300,000 grant totaling $900,000 from the Manitoba Mineral Development Fund.⁽²⁾

With Zacks Small-Cap Research analyst Steven Ralston, CFA, setting a target of $6.20 for the company, Foremost Lithium Resource & Technology (Nasdaq: FMST) has garnered significant attention in the market.

This target suggests over 250% potential upside from the company’s 52-week low of $1.77, set on 10/25/2023, and over 113%potential upside from its recent opening of $2.90 on Monday, 2/12/2024. ⁽²⁾⁽³⁾

However, the analyst target is just one piece of the puzzle.

When you consider the remarkably small float of Foremost Lithium Resource & Technology (Nasdaq: FMST), excitement is hard to contain. With less than 4.5M shares available in its float as of 2/12/2024, the potential for significant price movements becomes even more enticing. ⁽⁶⁾

FOREMOST LITHIUM RESOURCE & TECHNOLOGY (NASDAQ: FMST)’S ULTRA-LOW FLOAT NEEDS YOUR IMMEDIATE ATTENTION! ⁽⁷⁾

Low float stocks refer to the securities that remain after a company’s stock has been issued to its controlling investors — meaning there are relatively few shares for the public to buy. ⁽⁷⁾ 

Market participants typically consider a float of 10-to-20 million shares as a low float. Some larger corporations have very high floats in the billions. ⁽⁷⁾

Companies with a low float frequently have a large portion of their equity held by controlling investors such as directors and employees, which leaves only a tiny percentage of the stock available for public trading. ⁽⁷⁾

That limited supply can cause dramatic price swings if demand changes quickly. ⁽⁷⁾

Because low-float stocks have fewer shares available, market participants may have difficulty finding shares available. ⁽⁷⁾

Foremost Lithium Resource & Technology (Nasdaq: FMST) has less than 4.5M shares available in its float (as of 2/12/2024) according to Finviz.com. ⁽⁷⁾ A low-float stock can make significant moves due to volatility from so few shares being available ⁽⁷⁾, so this could be one interesting situation to watch closely.

Foremost Lithium Resource & Technology (Nasdaq: FMST) is also considered a nano-cap. In general, nano-cap companies have market capitalizations of less than $50 million. ⁽⁹⁾

Because nano-cap stocks are significantly smaller than mid cap or large cap companies, they have a higher potential to change valuation quickly. ⁽¹⁰⁾

As of 2/12/2024, Foremost Lithium Resource & Technology (Nasdaq: FMST) has a market cap of less than $14M (approx.)according to FinViz.com. ⁽⁶⁾

Overall, Foremost Lithium Resource & Technology (Nasdaq: FMST) has several positive catalysts, such as a $6.20 analyst target, its potential for growth and low public float, making it an attractive option for those looking to take advantage of swings with significant potential.

As the world transitions towards clean energy solutions, Foremost Lithium is well-positioned to emerge as a key player in the global lithium market, delivering long-term value while contributing to a sustainable future.

Foremost Lithium Resource & Technology (Nasdaq: FMST): Strategic Advancements Fueling The Clean Energy Future ⁽⁸⁾

Foremost Lithium Resource & Technology (Nasdaq: FMST) is making waves in the North American hard-rock lithium exploration sector, strategically positioning itself to play a significant role in the clean energy economy. Headquartered in Vancouver, British Columbia, the company is focused on extracting lithium oxide, a crucial component in lithium-based batteries powering the electric vehicle (EV) revolution and the broader transition towards decarbonization. ⁽⁸⁾ 

The company operates several strategically located properties, notably in Snow Lake, Manitoba, and Quebec, covering over 55,1180 acres. This extensive landholding places Foremost Lithium at the forefront of supplying North America’s burgeoning lithium demand, which is vital for the rapidly expanding EV and battery storage markets. ⁽⁸⁾

Foremost Lithium Resource & Technology (Nasdaq: FMST) Begins Groundbreaking Drilling at Zoro Property ⁽¹⁸⁾ 

Foremost Lithium Resource & Technology (Nasdaq: FMST) has embarked on a groundbreaking endeavor with the initiation of drilling operations at its Zoro Lithium Property nestled in the Snow Lake region of Manitoba.

Securing a multi-year work permit from the Manitoba Government’s Mining Permit Office until April 26th, 2026, marks a significant milestone for the company. This permit not only streamlines administrative processes but also lays the groundwork for extensive and sustained exploration efforts on the property.

Backed by a $300,000 grant from The Manitoba Mineral Development Fund, Foremost Lithium Resource & Technology (Nasdaq: FMST) is poised to make substantial strides in its exploration endeavors. This financial boost underscores the company’s commitment to advancing its projects and harnessing the full potential of the region’s lithium resources.

Jason Barnard, President and CEO of Foremost Lithium Resource & Technology (Nasdaq: FMST), expressed optimism about the venture, highlighting Dyke 1 as a key target for resource expansion. With the luxury of time afforded by the multi-year permit, the company aims to capitalize on the vast potential for resource augmentation and tonnage buildup.

Drilling operations kicked off at Dyke 8 in early February, building upon previous successes at the site. Encouraging lithium assay results from earlier drill intersections validate the promising nature of the project. With high-grade lithium discovered in spodumene-bearing pegmatite, the company is primed to uncover new intersections that could drive significant value for industry stakeholders.

The expansive nature of Dyke 8, spanning 120 meters in length and exhibiting widths of 5-15 meters, presents an enticing prospect for further exploration. With the dyke remaining open in all directions, Foremost Lithium Resource & Technology (Nasdaq: FMST) is eager to unlock its full potential through additional drill testing.

Beyond Dyke 8, Foremost Lithium plans to explore Dyke 3 and other spodumene-bearing dykes for resource expansion and development. These efforts align with the company’s strategic vision of enhancing its resource base and solidifying its position in the burgeoning lithium market.

At the heart of Foremost Lithium Resource & Technology (Nasdaq: FMST)’s endeavors lies Dyke 1, boasting an inferred resource of over a million tons of high-grade lithium-bearing spodumene pegmatite. With mineralization extending along a significant strike length and remaining open in all directions, Dyke 1 promises to be a cornerstone of the company’s future resource development initiatives.

The drilling campaign is bolstered by a dedicated team and robust logistical support. Rodren Drilling Ltd. provides the drill rig and crew, while Gogal Air Services offers air support and core storage facilities. Moss Line Cutting Ltd. handles drill pad preparation, ensuring seamless operations on the ground.

Technical expertise is provided by Dahrouge Geological Consulting, further enhancing the efficiency and effectiveness of the drilling program.

Although initially slated to commence after the Jean Lake property drilling program, Foremost Lithium opted to prioritize the Zoro Property’s Dyke 1, reflecting the company’s strategic focus on maximizing its most promising assets.

As Foremost Lithium embarks on this transformative journey, the commencement of drilling operations at the Zoro Lithium Property marks a pivotal moment in the company’s quest to unlock the full potential of Manitoba’s lithium riches.

With a robust strategy in place and a commitment to excellence, Foremost Lithium Resource  & Technology (Nasdaq: FMST) is poised to make substantial strides in the lithium industry.

Emerging Trends In Lithium And Gold Markets

The global shift toward renewable energy is facing a critical supply challenge, necessitating significant investment in the battery supply chain.

According to industry analysis, approximately $514B of investment by 2030 is required to meet expected demand, highlighting the importance of companies like Foremost Lithium.

Simultaneously, the gold market is experiencing a significant upswing, with declining interest rates and geopolitical risks expected to push prices to new highs in 2024.

These developments underscore the growing demand for mineral exploration and the growth potential of key players like Foremost Lithium.

Pioneering The Future Of Clean Energy

Foremost Lithium Resource & Technology (Nasdaq: FMST)’s recent achievements, coupled with the growing demand for lithium and gold, highlight the company’s potential as a formidable player in North America’s mining sector.

With initiatives like the multi-year work permit, MMDF grant, and extensive drilling programs, Foremost Lithium is poised to become a premier supplier of lithium feedstock, crucial for the EV and battery storage markets and the broader shift towards sustainable energy solutions.

Considering the potential upside of over 250% from its 52-week low ⁽²⁾ and a global lithium-ion battery market forecasted to surge over 295% by 2032,⁽⁴⁾ it’s evident why Foremost Lithium Resource & Technology (Nasdaq: FMST) demands immediate attention.

Positioned strategically in the electrification revolution, Foremost Lithium Resource & Technology (Nasdaq: FMST) focuses on extracting lithium oxide, essential for EV batteries, and boasts an expansive portfolio across North America. ⁽⁸⁾

Furthermore, with an ultra-low float and significant growth catalysts, ⁽⁶⁾⁽⁷⁾  Foremost Lithium Resource & Technology (Nasdaq: FMST) is primed to capitalize on the clean energy future, making it a compelling prospect for industry stakeholders seeking exposure to the burgeoning lithium market.

NEWS

PUBLISHED

1 DAY AGO

FOREMOST LITHIUM ANNOUNCES COMMENCEMENT OF DRILL PROGRAM AT ZORO LITHIUM PROJECT

PUBLISHED

JAN 26, 2024

FOREMOST LITHIUM ANNOUNCES RESULTS OF AGM AND APPOINTMENTS

PUBLISHED

JAN 19, 2024

FOREMOST LITHIUM’S (NASDAQ:FMST) STRATEGIC ADVANCEMENTS FUELING THE CLEAN ENERGY FUTURE

PUBLISHED

JAN 16, 2024

FOREMOST LITHIUM TO PRESENT AT CAMBRIDGE HOUSE VANCOUVER RESOURCE INVESTMENT CONFERENCE

PUBLISHED

JAN 10, 2024

FOREMOST LITHIUM RECEIVES MULTI-YEAR WORK PERMIT TO COMMENCE DRILLING ON ITS JEAN LAKE LITHIUM/GOLD PROPERTY

PUBLISHED

JAN 4, 2024

FOREMOST LITHIUM ANNOUNCES RECEIPT OF THIRD $300,000 GRANT FROM THE MANITOBA MINERAL DEVELOPMENT FUND (MMDF)

PUBLISHED

DEC 28, 2023

FOREMOST LITHIUM ANNOUNCES A 7,500 METRE WINTER DRILL PROGRAM ON ITS ZORO LITHIUM PROPERTY

PUBLISHED

DEC 21, 2023

THE $7500 INSTANT CASH REBATE: NEW EV TAX CREDIT’S IMPLICATIONS FROM CONSUMERS TO DOMESTIC SUPPLIERS OF BATTERY MINERALS SUCH AS FOREMOST LITHIUM (NASDAQ: FMST)

PUBLISHED

DEC 19, 2023

FOREMOST LITHIUM ANNOUNCES WINTER DRILLING PLANS ON ITS JEAN LAKE LITHIUM/GOLD PROPERTY

PUBLISHED

DEC 12, 2023

FOREMOST LITHIUM ISSUES SHAREHOLDER LETTER AND PROVIDES CORPORATE UPDATE

PUBLISHED

DEC 4, 2023

FOREMOST LITHIUM APPOINTS DOUGLAS L. MASON TO BOARD OF DIRECTORS

PUBLISHED

NOV 13, 2023

FOREMOST LITHIUM ENGAGES OUTSIDE THE BOX CAPITAL FOR DIGITAL MARKETING SERVICES

PUBLISHED

OCT 27, 2023

“ROCK SOLID” RESULTS: FOREMOST LITHIUM REPORTS PROMISING EXPLORATION RESULTS WITH POTENTIAL IMPLICATIONS FOR NORTH AMERICAN LITHIUM MINING AND RESOURCE INDEPENDENCE

PUBLISHED

OCT 23, 2023

FOREMOST LITHIUM TO ATTEND UPCOMING INDUSTRY CONFERENCES

PUBLISHED

OCT 19, 2023

FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD (NASDAQ: FMST) SPEARHEADS HARD-ROCK LITHIUM EXPANSION AMID RISING EV DEMAND

PUBLISHED

OCT 19, 2023

FOREMOST LITHIUM TO HOST VIRTUAL ROADSHOW WEBINAR ON THURSDAY, NOVEMBER 2, 2023 AT 11:30 A.M. EASTERN TIME

MANAGEMENT TEAM

JASON BARNARDCEO And President, And Non-Independent Executive Board MemberJason BarnardMr. Barnard has over 31 years of capital markets experience. Since 2004, he has been self-employed as a private investor where he has been directly involved in raising over $500 million dollars for mining and exploration companies with a focused expertise on Canadian base metal companies.

Mr. Barnard started his career with McDermid St. Laurence Securities in 1991 as a stockbroker with primary focus in mining, and mining exploration companies. Mr. Barnard then worked at Canaccord Genuity from 1997 until 2004. Mr. Barnard holds a Bachelor of Arts degree with a major in Economics from Carlton University and has obtained The Canadian Securities Course license in 1990. He first started working with and financing Foremost Lithium, previously known as Far Resources, with founder, and President Keith Anderson in 2016 and is the Company’s largest shareholder.

BAL BHULLAR, CPA,CGA,CRMChief Financial Officer & Corporate SecretaryBal BhullarBal Bhullar Ms. Bhullar has more than 25 years’ experience in senior financial positions, risk management experience as an executive and/or board director, in both public and private companies. She is a Chartered Professional Accountant, Certified General Accountant, and holds a CRM designation from Simon Fraser University and a diploma in Financial Management from British Columbia Institute of Technology. Ms. Bhullar brings strong banking relationships and is experienced with increasing market capitalization, raising capital, corporate governance, ESG, diversity, financial & strategic planning, initial public offerings, reverse takeovers, operational & risk management, and regulatory compliance reporting. Ms. Bhullar is accomplished in all facets of business, and accounting has a diversified background including working in the technology, automotive, resource, energy, transport, blockchain, e-commerce, and manufacturing industries.

Most recently, Ms. Bhullar served as CFO and executive board member at ElectraMeccanica (Nasdaq: SOLO), where she was responsible for managing the financial initiatives essential to the company’s growth. Her involvement at ElectraMeccanica was instrumental through its evolution in scaling an EV manufacturer from its early stages through its through its NASDAQ listing.CHRISTINA BARNARDChief Operating OfficerChristina BarnardChristina Barnard has been part of the organization since August 2020. She brings over 20 years’ experience in business management, media and marketing where she spent over ten years working for a well-known national public company, as senior marketing and media advisor.She has worked with a number of public companies, including roles in corporate communications and strategist. Christina has helped facilitate a number of different organization’s objectives, via careful evaluation and strategic planning, assessing structure and procedures, and being able to administer their core values in a clear demonstrable way both internally and in in the general public.

MARK FEDIKOW PH.D. P.GEO. CPGGeoscientific AdvisorMark FedikowDr. Fedikow has over 40 years of experience as an exploration geochemist and a mineral deposits geologist working in both private and public sectors. He is a Fellow at the Association of Applied Geochemists, where he’s previously worked as a councilor. Dr. Fedikow has also served on numerous industry-related committees. He also pioneered the application of regional multimedia geochemical and mineralogical surveys in support of base and precious metal and diamond exploration in Manitoba.

During his 45-year career he has worked for a variety of junior and major mining exploration and mining companies and for the Manitoba Geological Survey as Chief Geologist of the Mineral Deposits Section. In 2001 he received the Provincial Geologists gold medal, a Canadian national award for excellence in the geosciences.In 2002 Mark left the Manitoba Geological Survey to start his own company (Mount Morgan Resources Ltd.) providing consulting services to the metal and hydrocarbon exploration industry. He is currently registered as P.Eng. and P.Geo. with Engineers Geoscientists Manitoba (“EGM”), P.Geo. with the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists (NAPEG) and as a Certified Professional Geologist (C.P.G.) with the American Institute of Professional Geologists (“A.I.P.G.”), Westminster, Colorado, U.S.A.

JODY DAHROUGE, B.SC., SP.C., – P. GEOL.Geological AdvisorJody DahrougeMr. Dahrouge has been the President of Dahrouge Geological Consulting Ltd., a North American mineral exploration, consulting, and project management group, since 1988. He is a professional geologist with over 30 years’ experience and holds Bachelor of Science degrees in geology and computing science, both from the University of Alberta.

Mr. Dahrouge has been involved in all aspects of mineral exploration and development for a wide variety of commodities worldwide. Dahrouge Geological Consulting Ltd. has been instrumental in a multitude of grassroots discoveries across a wide variety of commodities and currently has boots on the ground on multiple Canadian and American projects.

Source 1: https://finance.yahoo.com/news/lithium-market-expected-boom-2024-190000723.html

Source 2: https://s27.q4cdn.com/906368049/files/News/2024/Zacks_SCR_Research_01162024_FMST_Ralston.pdf

Source 3: https://www.barchart.com/stocks/quotes/FMST/price-history/historical?orderBy=tradeTime&orderDir=desc

Source 4: https://www.precedenceresearch.com/lithium-ion-battery-market

Source 5: https://www.foremostlithium.com/

Source 6: https://finviz.com/quote.ashx?t=FMST&p=d

Source 7: https://www.sofi.com/learn/content/understanding-low-float-stocks/

Source 8: https://finance.yahoo.com/news/foremost-lithium-nasdaq-fmst-strategic-140000159.html

Source 9: https://www.investopedia.com/terms/n/nanocap.asp

Source 10: https://www.benzinga.com/money/best-nano-cap-stocks

Source 11: https://investmentu.com/low-float-stocks/

Source 12: https://electrifynews.com/wp-content/uploads/2023/12/Seamless-EV-Charging-at-CES-2024-with-Continental-Engineering-Services-Charging-Robot-main-1125×633.jpg

Source 13: https://www.otcmarkets.com/stock/FMST/overview

Source 14: https://www.foremostlithium.com/properties/jean-lake-lithium-gold-project.html

Source 15: https://www.foremostlithium.com/properties/zoro-lithium-project.html

Source 16: https://www.greencarcongress.com/2023/06/20230620-benchmark.html

Source 17: https://green-transition.ca/big-oil-renewables-electric-vehicles-clean-tech-fossil-fuel-windfalls/

Source 18: https://finance.yahoo.com/news/foremost-lithium-announces-commencement-drill-133100462.html

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OUR NEW PROFILE IS:   (AMEX: TOON)

TOON REPORTED REVENUE OF $10.1 MILLION AND $35.3 MILLION, FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2023

KARTOON CHANNEL! ANTICIPATES FIRST EVER BREAK-EVEN EBITDA IN FOURTH QUARTER OF 2023, A FIRST SINCE ITS LAUNCH

NEW CFO BRIAN PARISI BRINGS STRONG TRACK RECORD FROM THE NFL AND LIVE NATION, FOCUSED ON VALUE CREATION, AS WELL AS GROWING REVENUES AND DRIVING SUSTAINABLE EARNINGS

THE CHANNEL’S VIEWER RANKINGS CONTINUE TO OUTPERFORM ALL OF ITS MAJOR COMPETITORS IN THE APPLE APP STORE, WITH 4.9 OUT OF 5 STARS, BESTING DISNEY+, NETFLIX KIDS AND YOUTUBE

Kartoon Studios Announces Significant Increase in Content Production Planned for 2024. Read more: https://t.co/5tlkRwhcUX #KartoonStudios $TOON pic.twitter.com/pGfMiprzrh

— Kartoon Studios (@KartoonStudios) January 22, 2024

Hello Everyone,

We have another profile on deck for Monday’s session.

We wanted to get this one out today before the start of the game.  (We are riding with the 49ers -2)

This one has several catalysts that you should research heading into Monday.

This one generated over $62M in revenues in 2022 and released some impressive numbers thus far for 2023.

Pull up TOON immediately.  

ANALYST COVERAGE:

Dawn James analyst James McIlree’s bullish $10 target for Kartoon Studios Inc. (NYSE: TOON) suggests an astonishing 941% upside potential from the company’s 52-week low and over 706% in potential upside from its recent $1.24 opening on 2/8/2024 according to Barchart.com. ⁽¹⁾⁽³⁾

EXPLOSIVE GROWTH POTENTIAL:

On the brink of a content revolution in 2024, Kartoon Studios Inc. (NYSE: TOON) is poised to flood the market with a diverse array of captivating storytelling and vibrant animation. With a strategic focus on revenue enhancement and operational optimization, the company is primed to unlock unprecedented growth opportunities. ⁽²⁾

BREAKTHROUGH STREAMING SUCCESS:

Kartoon Channel!, the company’s streaming network, achieved a groundbreaking milestone in 2023 by reaching breakeven just three years after its launch. ⁽²⁾

DIVERSE PORTFOLIO OF INTELLECTUAL PROPERTIES

Boasting an impressive lineup, Kartoon Studios Inc. (NYSE: TOON) has original IPs, ranging from legendary Stan Lee Universe creations to adventurous narratives like Blue Origin Space Rangers and the quirky Chikn’ Nuggit. With collaborations with industry titans like Netflix, Disney Channel, and Frederator Networks, Kartoon Studios offers market observers exposure to a diverse array of storytelling treasures poised for global distribution. ⁽²⁾

VISIONARY LEADERSHIP

With Gregg Goldin at the helm of content expansion as Senior Vice President of Development & Production, Kartoon Studios Inc. (NYSE: TOON) is poised to enter a new era of creative dynamism. Goldin’s unparalleled expertise and visionary leadership, honed through decades of experience at DreamWorks Animation, Cartoon Network, and MTV, position him as a driving force behind Kartoon Studios’ content renaissance. His track record of nurturing successful franchises and forging strategic partnerships underscores the company’s potential for delivering blockbuster results. ⁽²⁾

_________________________

In the ever-evolving landscape of children’s entertainment, Kartoon Studios Inc. (NYSE: TOON) emerges as a shining beacon of creativity and innovation. With a diverse portfolio of animated properties and a strategic focus on global distribution, Kartoon Studios is poised to captivate audiences worldwide while delivering substantial research opportunities to market observers.

Analyst James McIlree, CFA of Dawson James Securities, recently set a $10 target on Kartoon Studios, suggesting an impressive 969% upside potential from the company’s 52-week low of $.9346, set on 10/31/2024, according to Barchart.com. ⁽¹⁾⁽³⁾

Additionally, with its recent opening on 2/8/2024 at $1.24, the $10 target implies a remarkable 706% potential upside. This optimistic projection underscores the company’s transformative journey and its promising outlook for future growth and profitability. ⁽¹⁾⁽³⁾

EXPANDING HORIZONS WITH SHAQ’S GARAGE ⁽¹⁾

One of Kartoon Studios’ standout offerings is “Shaq’s Garage,” an animated series starring none other than basketball legend Shaquille O’Neal. ⁽¹⁾

Launched in June on Pluto TV, “Shaq’s Garage” exceeded expectations, driving significant audience engagement and surpassing viewership numbers of all other Kartoon Channel titles combined. ⁽¹⁾

The availability of “Shaq’s Garage” across all Kartoon Channel platforms further solidifies its status as a cornerstone of the company’s content lineup, poised to drive higher revenue in the second half of the year. ⁽¹⁾

STRATEGIC ACQUISITIONS AND INVESTMENTS ⁽¹⁾

Kartoon Studios has undergone a remarkable transformation over the past 12 months, positioning itself as a global developer, producer, and distributor of animated children’s content.

Key acquisitions, including WOW Unlimited and Ameba TV, along with an investment in Your Family Entertainment AG (YFE), have significantly enhanced the company’s content creation capabilities and global distribution reach. ⁽¹⁾

With access to independently created content from WOW’s YouTube multi-channel network and YFE’s extensive distribution network spanning Europe, Asia, Latin America, Africa, and Australia, Kartoon Studios is well-positioned to reach audiences across the globe. ⁽¹⁾

FINANCIAL STRENGTH AND STRATEGIC INITIATIVES ⁽¹⁾

Kartoon Studios Inc. (NYSE: TOON) reported revenue of $10.1 million and $35.3 million, for the three and nine months ended September 30, 2023. As of September 30, 2023, Kartoon Studios had current assets of $61.4 million, working capital of $11.8 million, and total stockholders’ equity of $74 million. ⁽⁸⁾

VALUATION AND GROWTH POTENTIAL ⁽¹⁾

McIlree’s $10 price target for Kartoon Studios is based on a comparable group of entertainment companies trading at 3x to 5x sales. Utilizing a conservative 4.5x sales multiple and a Q4 2024 run rate revenue estimate of $72 Mln, the target price reflects the company’s immense potential and compelling valuation. ⁽¹⁾

A GLOBAL FORCE IN CHILDREN’S ENTERTAINMENT

Kartoon Studios Inc. (NYSE: TOON) stands out as a unique and dynamic player in the entertainment industry, with a global distribution reach and a rich portfolio of beloved animated properties. ⁽¹⁾

With Shaq’s Garage leading the charge and a robust pipeline of content on the horizon, Kartoon Studios is poised to redefine the future of children’s entertainment for years to come. ⁽¹⁾

GLOBAL ANIMATION MARKET PREDICTED TO SKYROCKET TO $779B⁽⁴⁾

Chart Source (4)

The global animation market is on a trajectory of unprecedented growth, with estimates projecting it to surpass a staggering $779B by the year 2032. ⁽⁴⁾

A recent research report delving into the realm of the “Kids Animation Show and Drama Market” offers a glimpse into this booming industry, providing insightful perspectives and future market projections. ⁽⁵⁾

Surprisingly, within a mere four years, the global market for Kids Animation Show and Drama is expected to skyrocket to $8.3B by 2028, underscoring the rapid pace of expansion within this sector. ⁽⁵⁾

DRIVING FORCES BEHIND MARKET EXPANSION

A pivotal driver propelling the growth of the animation industry is the relentless surge in technological advancements within the realms of communication and technology. ⁽⁴⁾

The emergence of revolutionary technologies such as virtual reality (VR) and artificial intelligence (AI) is poised to unlock new avenues of opportunity for market players worldwide. ⁽⁴⁾

Extended Reality (XR) technologies, including VR and AI, are witnessing remarkable advancements, revolutionizing the creative landscape of the animation industry. ⁽⁴⁾

The transformative potential of AI is set to redefine industrial growth, offering a myriad of opportunities for key players operating within the market. ⁽⁴⁾

Additionally, the rising adoption of visual effects technology in movies further augments the growth trajectory of the industry, promising substantial expansion though 2032.⁽⁴⁾

STRATEGIC PARTNERSHIPS: CATALYSTS FOR MARKET GROWTH ⁽⁴⁾

A notable trend observed within the global market is the proliferation of strategic partnerships among major industry players.

This collaborative approach is anticipated to persist and serve as a significant catalyst for market expansion in the foreseeable future, fostering innovation and driving growth across the sector. ⁽⁴⁾

Amidst the backdrop of this dynamic market landscape, Kartoon Studios Inc. (NYSE: TOON) emerges as one company to keep a close eye on. ⁽⁶⁾

Kartoon Studios Inc. (NYSE: TOON), a leading global media company, specializes in developing, producing, marketing, and licensing branded animated properties and consumer products for media and retail distribution. ⁽⁶⁾

A DIVERSE PORTFOLIO OF FAMILY-FRIENDLY CONTENT

Kartoon Studios Inc. (NYSE: TOON) boasts an impressive IP portfolio, featuring a plethora of family-friendly content that resonates with audiences worldwide. ⁽⁶⁾

From the iconic Stan Lee brand and “Stan Lee’s Superhero Kindergarten” starring Arnold Schwarzenegger to the eagerly anticipated “Shaq’s Garage” featuring basketball legend Shaquille O’Neal, Kartoon Studios offers a rich tapestry of animated entertainment.

Notable productions include “Rainbow Rangers” on Kartoon Channel and Netflix, as well as “Llama Llama” starring Jennifer Garner, also on Netflix. ⁽⁶⁾

STRATEGIC ACQUISITIONS AND GLOBAL DISTRIBUTION REACH

In a strategic move to bolster its market presence, Kartoon Studios Inc. (NYSE: TOON) entered into an agreement to acquire Canada’s WOW! Unlimited Media, adding over 2,000 channels under the Channel Frederator Network to its repertoire. ⁽⁶⁾

Additionally, the company made a strategic investment in Germany’s Your Family Entertainment AG, further expanding its reach in Europe. ⁽⁶⁾

Kartoon Studios’ Toon Media Networks, comprising Kartoon Channel!, Frederator Network, and Ameba, constitutes a globally distributed entertainment platform with extensive penetration in the U.S. television market and a burgeoning international presence across 60 territories worldwide. ⁽⁶⁾

Under Kartoon Studios’ umbrella, Frederator Network reigns as the largest global animation network on YouTube, boasting over 2,000 exclusive creators and influencers.

With billions of views garnered every month, Frederator Network serves as a testament to Kartoon Studios’ commitment to fostering creativity and nurturing talent in the animation community.

KARTOON STUDIOS INC. (NYSE: TOON) SETS SAILS FOR A BANNER YEAR WITH A CONTENT TSUNAMI IN 2024 ⁽²⁾

Kartoon Studios Inc. (NYSE: TOON) is poised to unleash a wave of content in 2024, signaling an ambitious leap forward in its mission to captivate audiences with imaginative storytelling and vibrant animation.

With a strategic focus on boosting revenue and optimizing operations, the company is charting a course towards sustained profitability, buoyed by the resounding success of its streaming network, Kartoon Channel! ⁽²⁾

Chief Financial Officer, Brian Parisi, underscores the pivotal role of revenue-driving initiatives and operational efficiency in steering Kartoon Studios towards profitability. ⁽²⁾

The company’s streaming service, Kartoon Channel!, achieved a breakthrough in 2023 by reaching breakeven, a remarkable feat within just three years of its launch. ⁽²⁾

As Kartoon Channel! continues its ascent, dominating user rankings in the Apple app store among children’s content platforms, the stage is set for further financial milestones in 2024, aligning the company’s trajectory with industry giants like Netflix. ⁽²⁾

At the helm of Kartoon Studios Inc. (NYSE: TOON)’s content expansion is Gregg Goldin, a luminary in animation and content development. ⁽²⁾

Goldin’s illustrious career boasts stints at DreamWorks Animation, Cartoon Network, and MTV, where he played instrumental roles in shepherding iconic franchises and groundbreaking series to fruition. ⁽²⁾

His appointment as Senior Vice President of Development & Production heralds a new era of creative dynamism for Kartoon Studios, infused with his wealth of experience and visionary leadership.⁽²⁾

Goldin’s arrival coincides with an exciting lineup of projects poised to captivate audiences worldwide. ⁽²⁾

From original IPs sourced from the legendary Stan Lee Universe to adventurous narratives like Blue Origin Space Rangers and the quirky Chikn’ Nuggit, Kartoon Studios is primed to unleash a diverse array of storytelling treasures. ⁽²⁾

Collaborations with industry titans such as Netflix, Disney Channel, and Frederator Networks underscore the company’s commitment to delivering premium content across multiple platforms.

Andy Heyward, Chairman & CEO of Kartoon Studios, expresses his enthusiasm for the forthcoming wave of creative endeavors, highlighting Goldin’s invaluable contributions in fortifying the company’s content arsenal. ⁽²⁾

With Goldin spearheading development and production efforts, Kartoon Studios aims to cultivate a rich tapestry of intellectual properties poised for global distribution, mirroring Goldin’s previous successes in shepherding blockbuster franchises to fruition.⁽²⁾

Goldin’s track record of nurturing successful series and movies at DreamWorks Animation and Cartoon Network positions him as a pivotal architect in Kartoon Studios’ content renaissance. His adeptness in fostering partnerships and driving innovation underscores his instrumental role in propelling Kartoon Studios towards unprecedented heights of creative excellence and commercial success.⁽²⁾

In the rapidly evolving landscape of children’s entertainment, Kartoon Studios Inc. (NYSE: TOON) stands out as a beacon of creativity and innovation. With an expanding portfolio of original IPs, strategic partnerships, and a growing streaming platform, the company is poised to captivate audiences of all ages, reaffirming its position as a global leader in positive entertainment for children.

As Kartoon Studios Inc. (NYSE: TOON) embarks on its journey into 2024 and beyond, the stage is set for a symphony of storytelling brilliance, orchestrated by the industry’s finest talents and fueled by an unwavering commitment to delight, inspire, and entertain audiences around the world.

NEWS

KARTOON STUDIOS ANNOUNCES SIGNIFICANT INCREASE IN CONTENT PRODUCTION PLANNED FOR 2024

Jan 22, 2024

KARTOON STUDIOS PROVIDES BUSINESS UPDATE FOR THE THIRD QUARTER OF 2023

Nov 17, 2023

KARTOON CHANNEL!’S HIT SERIES, “SHAQ’S GARAGE,” STARRING SHAQUILLE O’NEAL, LAUNCHES ON YOUTUBE AND TUBI

Oct 19, 2023

KARTOON STUDIOS APPOINTS ENTERTAINMENT, MEDIA AND HIGH-TECH INDUSTRY EXECUTIVE, BRIAN PARISI, AS CHIEF FINANCIAL OFFICER

Sep 27, 2023

KARTOON STUDIOS CREATES LIMITED-EDITION DIGITAL ARTWORK COMMEMORATING TRANSITION TO THE NEW YORK STOCK EXCHANGE

Aug 15, 2023

KARTOON STUDIOS PROVIDES BUSINESS UPDATE FOR THE SECOND QUARTER OF 2023

Aug 14, 2023

KARTOON STUDIOS’ KIDS AND FAMILY STREAMING BUSINESS RECORDS RAPID GROWTH

Aug 2, 2023

KARTOON STUDIOS CELEBRATES 10TH ANNIVERSARY OF ITS NETFLIX HIT AND GROWING GLOBAL CONSUMER PRODUCTS PHENOM, “BEE AND PUPPYCAT”

Jul 31, 2023

KARTOON STUDIOS ENTERS MALAYSIAN MARKET WITH KARTOON CHANNEL! BRANDED BLOCK ON ASTRO IN AUGUST 2023

Jul 25, 2023

KARTOON STUDIOS THROUGH ITS CONTROLLING INTEREST IN STAN LEE UNIVERSE PARTNERS WITH DIGITAL LEADER, VEVE, FOR STAN LEE DIGITAL COLLECTIBLES, LAUNCHED ON JULY 18TH

Jul 24, 2023

KARTOON STUDIOS ANNOUNCES KARTOON FILMS

Jul 13, 2023

KARTOON STUDIOS ANNOUNCES ‘STAN LEE COMICS’, BASED ON NEVER-BEFORE-RELEASED STORIES AND CHARACTERS CREATED BY STAN LEE

Jul 11, 2023

KARTOON STUDIOS’ PREMIERE OF SHAQ’S GARAGE, STARRING SHAQUILLE O’NEAL, OUTPERFORMS DURING JUNE EXCLUSIVE ON PLUTO TV

Jul 10, 2023

KARTOON STUDIOS ANNOUNCES THE WORLD PREMIERE OF “EXCELSIOR! THE LIFE AND LEGACY OF STAN LEE” EXHIBITION

Jun 27, 2023

KARTOON STUDIOS CHAIRMAN & CEO TO APPEAR LIVE ON THE CLAMAN COUNTDOWN ON FOX BUSINESS NETWORK TODAY

Jun 26, 2023

KARTOON STUDIOS TRANSFERS LISTING TO NYSE AMERICAN – BEGINS TRADING UNDER NEW TICKER SYMBOL ‘TOON’

Jun 26, 2023

BUZZFEED ANIMATION LAB TO DEVELOP NEW ANIMATED SERIES “CHIKN NUGGIT” WITH GENIUS BRANDS’ FREDERATOR NETWORK, INC.

Jun 20, 2023

GENIUS BRANDS ANNOUNCES THE JUNE 16 PREMIERE OF THE STAN LEE DOCUMENTARY ON DISNEY+

Jun 15, 2023

GENIUS BRANDS ANNOUNCES NAME CHANGE TO ‘KARTOON STUDIOS’; SET TO TRANSFER LISTING TO NYSE AMERICAN UNDER NEW TICKER SYMBOL, ‘TOON’

Jun 13, 2023

KARTOON CHANNEL!’S “SHAQ’S GARAGE,” DELIVERS TOP RANKINGS FOR ITS JUNE 5 PREMIERE ON PLUTO TV

Jun 13, 2023

GENIUS BRANDS’ KARTOON CHANNEL! WORLDWIDE PARTNERS WITH POWERKIDS ENTERTAINMENT IN INDIA TO LAUNCH A NEW CO-BRANDED ENTERTAINMENT DESTINATION, “POWERKIDS KARTOON CHANNEL!”

GENIUS BRANDS ANNOUNCES APPOINTMENT OF HENRY SICIGNANO III TO THE BOARD OF DIRECTORS

May 26, 2023

GENIUS BRANDS ANNOUNCES SLATE OF INTERNATIONAL CONTENT SALES IN EUROPE, LATIN AMERICA & ASIA PACIFIC

May 25, 2023

GENIUS BRANDS AND ANDAMIRO USA TO RELEASE THE FIRST EVER “SHAQ’S GARAGE” ARCADE GAME THIS SUMMER NATIONWIDE

May 24, 2023

GENIUS BRANDS LAUNCHES CONSUMER PRODUCTS PROGRAM FOR ITS FREDERATOR NETWORK’S GLOBAL PHENOM AND NETFLIX SERIES, “BEE AND PUPPYCAT”

May 23, 2023

GENIUS BRANDS ANNOUNCES 885% INCREASE IN REVENUE FOR Q1 2023

May 22, 2023

GENIUS BRANDS FILES FORM 10-K ANNUAL REPORT

Apr 13, 2023

GENIUS BRANDS CEO ANDY HEYWARD AND SHAQUILLE O’NEAL TO APPEAR LIVE TODAY AT 12:45 PM ET ON BLOOMBERG TELEVISION TO DISCUSS UPCOMING PREMIERE OF “SHAQ’S GARAGE”

MANAGEMENT TEAM

ANDY HEYWARD

Chairman & Chief Executive Officer

Emmy Award-winning Andy Heyward has made more episodes of kid’s television than any other producer.  After graduating from UCLA with a Bachelor of Arts degree in Philosophy in 1975, he joined Hanna-Barbera as a writer and story editor.  During his five years with Hanna-Barbera, he was involved in the development and writing of numerous series including Scooby Doo, Flintstones, Jetsons, Smurfs, Yogi Bear and Scooby’s All Star Laff-A-Lympics.  In 1980 he moved to France where he joined DIC Audiovisual, a production company specializing in children’s animated programming.  In 1982, he co-created Inspector Gadget and during the following years he has produced over 5,000 episodes of award-winning children’s programs, most of which shows and brands are household names, including Inspector Gadget, The Real Ghostbusters, Alvin and the Chipmunks, G.I. Joe, Hello Kitty, Sonic the Hedgehog, Super Mario Bros, Sabrina the Teenage Witch, Strawberry Shortcake, Care Bears, Captain Planet, Teddy Ruxpin, Sailor Moon, Madeline, Where on Earth is Carmen Sandiego, Liberty’s Kids, and dozens more.  In 1994, he convened the National PTA, National Education Association, UCLA and producers from throughout the industry to draft the first voluntary set of program guidelines for children’s television.  In 1996, he hosted the first meeting between then FCC Chairman Reed Hundt and children’s television producers.

Today under Kartoon Studios, Heyward produces and licenses brands ranging from Stan Lee Universe, to Baby Genius, to Warren Buffett’s Secret Millionaires Club, to Thomas Edison’s Secret Lab, to SpacePop for the global market.  He has also been the largest producer of FCC mandated educational informational programming for children, and has produced hundreds of PSAs promoting child safety, health, exercise, and nutrition.  In collaboration with Warren Buffett, he produces the short film which opens the annual Berkshire Hathaway Shareholders meeting, and he co-authored a book with Warren Buffett promoting financial literacy for kids.  Heyward is also the author of Go Go Gadget – The Creation of Inspector Gadget.

Andy’s notable work in children’s programming has earned him multiple industry awards, and his charitable efforts off-screen have resulted in numerous recognitions. Some of his awards include two Emmys, nine Emmy nominations, two Humanitas Awards, two Cable Ace Awards, five Golden Reel Awards, three Environmental Media Awards, a New York Television Festival Award and a National Education Association Award, among others.  He was inducted into the KidScreen Hall of Fame, and won the Studio of the Year at Italy’s Cartoons on the Bay International Festival of Television Animation in 2006 (co-awarded to Roy Disney).

Heyward is a member of the Producers Guild of America, the National Academy of Television Arts and Sciences, the International Academy of Television Arts and Sciences, and the British Academy of Film and Television Arts (BAFTA).  He was the 2010 UCLA College of Humanities Commencement speaker and is currently a Mentor in the UCLA mentoring program.  He is active in many community activities, including serving on the Board of Directors of Cedars-Sinai Medical Center.

MARGARET LOESCH

Executive Chairman Kartoon Channel!

Throughout her formidable career, Margaret Loesch has held senior roles with numerous leading companies as both a creative and business executive. In 1990, she became the founding President and CEO of Fox Kids Networks Worldwide, growing the channels across all metrics, where it was eventually sold to the Walt Disney Company for $5.5 billion. During this time, she launched a multitude of hit series, including the billion-dollar brand Power Rangers, growing Fox Kids into the top children’s program service on television.

Prior to Fox Kids, Loesch served as President & CEO of Marvel Productions. Previously, she was President of The Jim Henson Company, and the Founding President & CEO of the U.S. Hallmark Channel and Crown Media U.S. Most recently, Loesch served as President of the HUB, which was a joint venture between Hasbro Toys and Discovery Communications, where she had oversight of all business and creative areas of the network. In addition to Power Rangers, her resume includes launching some of the most successful animated children’s properties in the world, such as Batman, Spider-Man, Steven Spielberg’s Animaniacs, Transformers, My Little Pony, X-Men, Muppet Babies, and Fraggle Rock.

MICHAEL JAFFA

Chief Operating Officer

Michael Jaffa served as Head of Business Affairs at DreamWorks Animation Television and was responsible for all studio business and legal affairs matters, including the negotiation and drafting of hundreds of development, production, acquisition, talent, digital and music agreements. Previously, he was the Vice President of Legal & Business Affairs for Hasbro Studios, working directly with Hasbro Studios’ President, CFO, and General Manager to help create programs and launch strategy for a new studio and related network. Michael has also represented various clients, including Sony Pictures Animation and MGM Studios. Michael received a J.D. from New York University School of Law.

BRIAN PARISI

Chief Financial Officer

Mr. Parisi brings 30 years of experience across the entertainment, media, and high-tech industries, specializing in finance, accounting, M&A, corporate strategy, and business development. Before joining Kartoon Studios, he was the Chief Financial Officer at Break the Floor Productions in Hollywood, California, an entertainment production company. In this role, he notably prepared the company for sale, successfully completing two separate transactions with PE firms. He managed all finance and accounting functions and effectively reduced the company’s overall risk exposure. Previously, Mr. Parisi served as the Chief Financial Officer at the NFL Hall of Fame Village (HOFV), where he oversaw a wide range of financial activities including managing construction budgets, assist the company with its IPO, financial reporting, and cash management for the nearly $1 billion investment in a newly designed entertainment complex in Canton, Ohio. In addition, he served as the Head of Finance for the Festivals Division at Live Nation Entertainment (LYV) where he was responsible for developing strategic plans for Electronic Dance Music festivals in multiple countries with more than 1.3 million fans annually. Mr. Parisi has also held leadership positions at Warner Bros. Entertainment (WBD) and NBC Universal (CMCSA).

Mr. Parisi is a CPA and holds a B.S. in Accounting from Purdue University, Daniel School of Business, and an M.B.A in Strategic Management from the University of Southern California, Marshall School of Business.

JON OLLWERTHER

Executive Vice President

Ollwerther joins Kartoon Studios from Measure, the nation’s leading Drone as a Service® company.  As Vice President of Media, Ollwerther grew the Arts & Entertainment division from its inception and worked with leading media companies and advertisers like ABC, CBS, ESPN, Red Bull Media House, Coach, Prada, Maker’s Mark, and Nissan.

As a trailblazer in an emerging industry, Ollwerther focused on leveraging drones as a tool for artistic expression and informational use, including major franchise films to live concerts and events. Among other accomplishments, he pioneered live broadcasting via drone for news and sports and spearheaded the first live drone network broadcasts in America, and helped bring drone light shows to life.  Working with clients across the country and around the world, Ollwerther has an extensive credit list of collaborations with brands and advertising agencies to create unforgettable experiences. Prior to joining Measure, Ollwerther was the COO of an aerial robotics company based in NYC.

LLOYD MINTZ

Senior Vice President, Head of Worldwide Consumer Products

Lloyd Mintz is a seasoned industry executive with more than 20 years of experience in licensing, merchandising and new business development and is widely respected for his expertise in leveraging brand equity through licensing. He works with retailers and licensees to build comprehensive global consumer products’ programs for each of the company’s brands. Prior to Kartoon Studios, Lloyd managed his own consultancy during which time he negotiated more than 150 licensing agreements and generated over $700MM in cumulative retail sales on behalf of clients across a range of brand owners and manufacturers. Most recently, he worked as Executive Vice President of Licensing for NYC-based Galaxy Brands that owned the AND1 and AVIA athletic brands. Previously, Lloyd worked at Hasbro, Inc. as the Vice President of Domestic Corporate Licensing where he pioneered the effort to license Hasbro’s classic game brands, such as Monopoly, to slot machine manufacturers. He began his licensing industry career at Disney Consumer Products where he oversaw Disney’s largest licensee, Mattel, Inc., and their development of toy programs for classic properties such as Lion King, Winnie the Pooh, and Aladdin. Lloyd graduated from Wesleyan University and earned his M.B.A. from UCLA’s Anderson School of Management.

GREGG GOLDIN

Senior Vice President, Development & Production

Goldin joins Kartoon Studios with over twenty years of experience in animation and live-action content development and production, overseeing highly successful movies and series across multiple genres, including DreamWorks Animation’s blockbuster franchises How to Train Your Dragon, Kung Fu Panda, and Fast & Furious. In this new role, Goldin will be responsible for heading up development and production for both new and original IP to deliver to the marketplace.

CINDY KELLY

President of Beacon Media Group

Kelly joins Kartoon Studios with over 25 years of experience in executive sales and sponsorship roles at leading media companies, including extensive children’s media sales at Cartoon Network. She also served as Broadcast Account Supervisor at Ogilvy & Mather Advertising in NYC, overseeing media strategy for blue chip accounts, including, Mattel Toys, Campbell’s Soup and Paramount Pictures.

TODD STEINMAN

President of Toon Media Networks

Todd Steinman is an accomplished growth marketing executive who with extensive B2B and B2C experience.  Prior to joining Kartoon Studios, Steinman most recently served as Vice President in the Direct to Consumer and International division at The Walt Disney Company, which included Disney+ during its launch. He helped create solutions to leverage the Walt Disney Company’s portfolio of linear and digital brands, including DISNEY, HULU, ESPN, ABC, FREEFORM, FX, and Nat Geo, while setting strategy for ad sales and revenue teams. Prior to his role at The Walt Disney Company, Steinman co-founded the digital media agency, M80, and then led the NBC Universal media team for WPP after they acquired M80. He negotiated multi-million-dollar annual media deals with Google/YouTube, Amazon, Hulu, Disney, Twitter, Snapchat, Spotify, and others, while managing an annual budget north of $1 billion.

PAUL ROBINSON

President of Kartoon Channel! Worldwide

Paul Robinson is an accomplished and seasoned media executive with significant experience developing media brands around the globe. Robinson previously served as Managing Director of Disney Channel Worldwide, where he was responsible for global programming and production strategy. He also founded the Toon Disney and Playhouse Disney television channels internationally. Before his tenure at The Walt Disney Company, Robinson was Head of Strategy for the BBC Newtork Radio, overseeing the strategy development for BBC Radios 1, 2, 3, 4, and 5 Live. Additionally, he has served as Managing Director of talkSPORT; Co-Founder and CEO of KidsCO, NBCUniversal’s international children’s channel; and Executive Vice President of Your Family Entertainment AG, in which Kartoon Studios recently acquired a controlling stake.

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