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Mobius Interactive Ltd. is “One to Watch”

  • Mobius Interactive is an online gaming operator with a stable of three differentiated brands, which are set to simultaneously launch in September 2020.
  • The company’s management team has handled the launch of over 30 successful products within the last three years.
  • Mobius has partnered with award-winning iGaming platform Ultra Play to serve as the core technological backbone for its online gaming operations.
  • The company boasts a number of differentiating factors, including over 600 affiliate partners, deep management expertise within the eGaming segment and real-time CRM systems.
  • A partnership with Puurl is expected to allow Mobius to bring online gaming into the e-commerce space.
  • Mobius Interactive Ltd. is an online gaming operator launching in September 2020 with a variety of unique offerings catering to diverse demographic groups. In partnership with Ultra Play, a leading eSports and iGaming platform, Mobius Interactive is seeking to attract a network of high-net-worth gamers from around the world through the use of loyalty and gamification programs designed to enhance customer engagement by leveraging state-of-the-art customer relationship management systems and joint-ventures with over 600 VIP and Master gaming affiliates.

Array of Brands

Mobius Interactive is seeking to target a variety of customer segments and geographies through its diverse brand offerings, including:

  • Aragon Casino: Austria, Finland, the Balkans, Canada, Africa and New Zealand
    Catering to consumers aged 21 to 45, Aragon Casino brands itself along the lines of medieval fantasy, mimicking elements from the likes of The Walking Dead and Game of Thrones.
  • Club Double: Austria, India, Brazil, Finland, Canada, Africa and New Zealand
    Targeting the 30 to 65 age demographic, Club Double is designed to exude a classic yet magical old Hollywood and vintage Miami & Las Vegas air.
  • MobiusBet: Germany, Austria, Switzerland, Brazil, Latin America, New Zealand and India
    MobiusBet is designed to appeal to the 18- to 38-year-old eSports community, bringing together loyalty programs, targeted gamification and product merchandising in one seamless package.

Key Differentiating Indicators

Mobius Interactive has designed its platform with a number of key differentiation traits relative to its target market. These include:

  • The use of affiliates: Mobius Interactive has partnered with over 600 VIP and Master gaming affiliates, who will introduce high-value players to the company’s award-winning iGaming platform. Mobius added over 150 proven affiliates in Europe, Brazil, Finland and New Zealand over a period of just 20 days.
  • eSports Focus: Mobius.Bet, Mobius Interactive’s dedicated eSports hub, will cater to the quickly growing eSports segment, which is expected to rise to a value of $1.7 billion in 2021. With Mobius’ COO being one of the original founders of the eSports.com brand, the company aims to capitalize on this growing segment of the gaming industry.
  • Customer Relationship Management (“CRM”): Mobius has partnered with Solitics, a new and real-time CRM system, enabling the company to personalize customers’ gaming experiences in an interactive and highly intelligent manner.
  • Loyalty & Gamification: Mobius Interactive is set to introduce a unique loyalty and gamification program designed to increase customer engagement from signup. Loyalty and gamification programs have been proven to increase daily active wagering volumes by 30% while simultaneously increasing daily player activity by 60%. Furthermore, the introduction of these programs can help lower the company’s customer acquisition costs while adding a differentiating element to its platform.

Partnership with Puurl

Puurl provides a solution that embeds eGaming platforms into any existing online e-commerce store. First, shoppers can install the Puurl add-on to their browsers. Then, when visiting their preferred e-commerce stores, players will be prompted to bet, with the potential to win the products they’re browsing. The Puurl solution enables e-commerce operators and eGaming platforms to earn additional gambling revenues – even when their players are shopping. Through its partnership with Puurl, Mobius Interactive will look to add a unique revenue stream to complement its core business operations.

Management Team

Lynn Pearce, CEO, is an experienced, data-driven, commercially focused, strategic brand marketer with over 15 years of proven success in the global gaming industry, from land-based casinos in the UK to online gaming companies offering sports betting, poker and casino games. She was head-hunted to join a startup in Prague that launched 26 casinos, becoming profitable within the first three months of operation, before she relocated to Malta to join a leading B2B casino software development company as head of marketing, where she led global marketing, PR, product development, branding and go-to-market campaigns, retaining full control of a six-month budget of €1 million to increase brand awareness and customer engagement. She recently returned to the B2C side of gaming to launch three new brands in Germany, Brazil and India. She writes articles regularly for Infinity Gaming Magazine and has been a judge for the prestigious International Gaming Awards, a significant event for the gaming industry held each year prior to the largest gaming exhibition of the year, ICE London.

Robin Lawson, Vice President & COO, has been involved in iGaming for over 10 years, successfully founding two VIP casino departments across international locations in Latin America, as well as startup company Tabella in Europe. He most recently co-founded and acted as COO for eSports.com, which raised over $5.5 million as a startup ICO and was sold to German media giant ProSieben. Lawson is also a senior iGaming consultant for startup casino groups and an advisor to blockchain-based tech groups. His long-time experience and proven track record in startup organizations demonstrate his operational leadership skills.

Nicholas de Freitas, Vice President, Marketing, is one of the pioneers of digital stills photography for major retail companies in Africa and Australia. He left to start up UrbanActive, an outsourcing agency, working as marketing project manager and implementing major retail projects. He received his certification in digital marketing from the University of Stellenbosch. He has worked over the past few years as the marketing manager for various poker rooms and casinos, liaising and building relationships with software developers, successfully implementing a number of casino and poker products and holding regular weekly report sessions with the heads of all divisions of the company, spanning South Africa, Canada, Malta, Norway and Costa Rica.

Gary Eldridge, Chairman, is an experienced entrepreneur with a history of working in the venture capital and private equity industry. He is skilled in capital markets, M&A and funding startups and is a strong business development professional. For the past 30 years, he has created and managed numerous public and private companies in Canada, the U.S., Amsterdam, London, Zurich, Dusseldorf, Singapore and Panama. In addition to holding the role of chairman of the company, Eldridge is acting as a mentor to the team, assisting with the financials and structure of the company while allowing the team to be fully focused on Mobius’ growth and operations.

For more information, visit the company’s website at www.MobiusInteractive.ltd.

InsuraGuest Technologies Inc. (TSX.V: ISGI) Continues to Expand Reach of Insurtech Product Offering Within Hospitality Sector

  • InsuraGuest will now offer its Hospitality Liability coverage to Hostfully’s more than 2500 clients.
  • Further penetration of the vacation rental industry provides the company with significant growth potential
  • The company has been and plans to continue diversifying product offerings through its insurtech software to specialist sectors

InsuraGuest Technologies (TSX.V: ISGI) continues to make progress toward the company’s mission to harness the power of technology to reinvent insurance. Through its wholly owned U.S. Hospitality subsidiary InsuraGuest, the company has gone live with end-to-end vacation rental property management software provider Hostfully. The company announced this partnership in at the end of July 2020 (http://ibn.fm/JWvHL).

According to the company, InsuraGuest Hospitality Liability coverages are now available for purchase by clients of Hostfully. After opting in to InsuraGuest within Hostfully, clients can use the Hospitality Liability coverages to address claims made by guests on a primary basis. InsuraGuest Hospitality provides coverage for accidental property damage, theft of the guest’s personal property while residing at the vacation rental property, as well as accidental medical expenses and accidental death and dismemberment.

Hostfully is a complete, end-to-end property management platform that helps vacation rental property managers increase bookings and boost revenues. By streamlining the workflow and simplifying daily operational needs of vacation rental businesses, Hostfully empowers property managers with an affordable and easy-to-use solution.

InsuraGuest Chairman and CEO Douglas Anderson said his company was excited about the partnership with Hostfully, who won the ‘Best All-Around Vacation Rental Software’ award from VRMB Keystone Awards in 2019. “We are excited to launch our Hospitality Liability coverages in the vacation rental sector through the Hostfully property management system, and to their 2,500 clients,” Anderson added.

The growth potential in the vacation rental sector is encouraging for InsuraGuest’s investors. With over $57 billion in rental revenue in 2019 and a growth rate of 6.9%, the industry continues its growth as more and more people each year take advantage of the variety of benefits vacations rentals offer (http://ibn.fm/MnTml).

The partnership with Hostfully comes as InsuraGuest is taking active steps to diversify its insurance product offering across multiple sectors. In June, through its wholly owned U.S. subsidiary Insure The People, LLC (“ITP”), InsuraGuest announced the development of a new Business Owner Policy (“BOP”) insurtech portal, www.InsureThePeople.com. InsuraGuest expects to fully launch this new product offering to U.S. markets by the third quarter of 2020 (http://ibn.fm/jlzHS).

ITP will be powered by InsuraGuest’s insurtech platform, which will digitally deliver BOP policies to 130+ class codes, including retail, wholesale, mercantile, office and business service classes. The BOP products will be available in all 50 states as well as the District of Columbia, where InsuraGuest Insurance Agency is licensed to sell insurance.

The BOP products will be available to companies with sales of up to US$6 million per location, maximum occupancy of 35,000 square feet and a minimum annual premium of US$250. ITP will begin its BOP offering by including:

  • Property coverage for building and business property, business income and extra expenses.
  • Enhanced equipment breakdown (including micro-circuity).
  • General liability.
  • Employment practices liability.

Once launched, ITP expects to add coverages like Blanket Additional Insured, employee benefits liability, hired and non-owned auto, liquor liability, miscellaneous professional liability, scheduled property floater, cyber risk, workers’ comp, errors and omissions, and directors’ and officers’ coverages.

Commenting on the new product offering, Anderson underlined that it has the potential to provide the company with multiple avenues of revenue and greater shareholder value. “We are taking digital insurance and reimagining it, reinventing it, and revolutionizing it by harnessing the power of our insurtech platform to deliver that digital insurance to multiple sectors,” he added.

For more information, visit the company’s website at www.InsuraGuest.com.

NOTE TO INVESTORS: The latest news and updates relating to ISGI are available in the company’s newsroom at http://ibn.fm/ISGI

Pac Roots Cannabis Corp. (CSE: PACR) Prepares to Close Massive Land Deal with Extensive Development Possibilities

  • Pac Roots expecting to close deal in September for acquisition of several parcels of land with no zoning restrictions, located in prestigious Fraser Valley
  • Company’s new indoor facility and 100-acre Hemp JV project in Rock Creek, B.C., with preliminary results suggesting successful fall harvest, make this ideal time to acquire land in Fraser Valley
  • Future development of elite CBD and THC strains and company’s overall hemp and cannabis infrastructure have tremendous potential thanks to company’s strategic genetic licensing partner, Phenome One

The Fraser Valley Regional District is one of the most productive and intensively farmed areas of Canada, with high-quality soil, favorable climate, water, and a local market of 2.5 million people. Agriculture in this region yields an annual economic value of more than $3 billion.

Pac Roots Cannabis (CSE: PACR) and its shareholders will own and control 250 acres of this land thanks to a share purchase agreement that was initiated in July with 1088070 BC. LTD. In accordance with the agreement, Pac Roots will soon acquire all issued and outstanding shares of 1088 (http://ibn.fm/jLI4u).

Following a 51-day due diligence period, the closing date for the transaction is scheduled for September 4, 2020. According to Pac Roots President and CEO Patrick Elliott, the addition of such a significant parcel of land is highly promising for the company.

“This land has no zoning restrictions and is not situated within the agricultural land reserve, which provides for infinite development possibilities,” Elliott stated. “The addition of such a substantial package of land to our portfolio is a major step for Pac Roots. We are pleased to have the opportunity to add significant acreage with an acquisitional cost base of $9,600 per acre.”

The Fraser Valley region of British Columbia is widely known as an agricultural and industrial hub for the province. The region generates the most significant annual farm income of any regional district in British Columbia. Despite rapid population growth in the region, agriculture has flourished and remains an essential part of the region’s economy.

The closing of this deal will be another addition to a significant pipeline of development projects for Pac Roots. A new indoor facility in the late stages of permitting and a 60% interest in a 100-acre Hemp JV project in Rock Creek, B.C. make this the ideal time to acquire the land in Fraser Valley.

Pac Roots is in the process of completing its 20,000 square foot cultivation facility in Lake Country, British Columbia. The facility is expected to feature approximately 7,600 square feet of cultivation space that will enable the company to cycle through an elite line of high-grade cultivars.

A joint venture between Pac Roots and Rock Creek Farms enabled the planting of premium CBD hemp seedlings in a 100-acre growing space located in the famous “Golden Mile,” with preliminary results suggesting a successful harvest in fall 2020 (http://ibn.fm/brN9P).

“Between the Fraser Valley and Rock Creek, B.C., which both rank at the top of the charts for outdoor agricultural producing regions in the Country, Pac Roots is extremely well positioned for production and future development of hemp and cannabis infrastructure,” said Chad Clelland, a member of the company’s Board of Directors. “We are both privileged and proud to be involved in these exciting programs, which will undoubtedly add accretive value to our company and to our shareholders.”

Pac Roots is also well positioned for production and the future development of its hemp and cannabis infrastructure through its strategic genetic licensing partner, Phenome One.

Phenome One provides access to a large genetic library of suitable cultivars for the west coast outdoor climate which have been field tested over the past three years. This program has showcased some of the elite CBD and THC strains that thrive in the wetter, milder outdoor conditions. The strains generate unexpectedly high yields while demonstrating environmental resiliency.

According to Elliott, the lack of superior cannabis genetics, expertise and growing conditions have been plaguing the industry in producing a premium product for the market. With the partnership with Phenome One and the access to their extensive genetic library, Pac Roots is extremely well positioned to deliver the best in industry quality and throughput to the consumers with a pipeline of scalable development properties in the portfolio, he added.

For more information on Pac Roots Cannabis Corp., visit the company’s website at www.PacRoots.ca.

NOTE TO INVESTORS: The latest news and updates relating to PACR are available in the company’s newsroom at http://ibn.fm/PACR

SRAX Inc.’s (NASDAQ: SRAX) Sequire Platform Proof Positive of Company’s Relevance in Today’s Changing Markets

  • Sequire now available as free mobile app, gives SRAX clients benefits of entire platform
  • With mobile app, companies can monitor behaviors, contributions of investors anytime and anywhere
  • Since its release, Sequire has surpassed 500,000 active investors and traders, sales have exceeded $2.5 million

In a world transformed by a worldwide epidemic, companies that offer flexible services and options that support new ways of doing business appear to be ideally positioned for success. With Sequire, SRAX Inc. (NASDAQ: SRAX) has honed in on precisely what today’s public businesses are looking for. The proprietary investor intelligence and communications platform provides an intuitive, virtual method for companies to monitor retail and institutional investors as well as activate media campaigns to engage existing investors while attracting new ones — and the newest additions to the platform illustrate how effective SRAX is at adapting to a world that is moving online.

Originally available as a computer app, Sequire is now also available as a mobile app and can be downloaded for free on the App Store and Google Play (http://ibn.fm/gwBNW), allowing SRAX clients to enjoy all the benefits of the entire platform regardless of where they are. With Sequire, businesses can unlock stock buyers’ behaviors and trends; manage and monitor return on investment from investor relations programs and corporate communications firms; and engage current and potential stock buyers at their trading desks, investor events or at home on both desktop or mobile.

“We are thrilled to launch the Sequire mobile app enabling our clients to now monitor their investors’ behaviors and their contributions anytime and anywhere,” said SRAX CEO and founder Christopher Miglino. “We’ll also be launching more exciting mobile features in the next few months, so stay tuned.”

Clear evidence of SRAX’s ability to recognize what today’s market demands is the success of the platform. Since its release, Sequire has surpassed 500,000 active investors and traders while sales have exceeded $2.5 million in Q2 2020 (http://ibn.fm/5RIyk), In addition, the addition of Sequire’s relatively new Virtual Roadshow, which allows companies to host one-on-one or one-to-many video and audio meetings (http://ibn.fm/jnQSx), shows how nimble and relevant the company can be.

With virtual communication deemed an essential component of today’s business operations, the Virtual Roadshow provides a safe, effective way for companies to present their stories to new shareholders, offer quarterly and annual updates to existing shareholders, and reach out to a wide range of individuals and entities.

“The ecosystem for investor events will be changed forever after the current environment,” said Miglino. “Investors and issuers will no longer need to meet in person. New technologies are providing the tools that issuers need to meet with current and prospective investors. The organizers of these events are the cornerstone of the industry and our system will allow for them to create their own events on the platform and profit from letting issuers invite investors from proprietary lists to the issuers roadshows. Video is the future of investor communication, and we are thrilled to add this feature to the platform.”

SRAX’s technology unlocks data for brands in the CPG, investor relations, luxury, and lifestyle verticals. Through its various platforms, SRAX is monetizing its data sets and growing multiple recurring revenue streams. In addition to BIGtoken, the company offers Sequire, a premier platform for investor intelligence and communication. Through Sequire, public companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels.

For more information, visit the company’s website at www.SRAX.com.

NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX

Trxade Group, Inc. (NASDAQ: MEDS) to Present at LD Micro’s LD 500 Virtual Conference

  • The exclusively online LD 500 event is expected to gather more than 300 companies and 20,000 attendees in early September
  • Trxade reported record revenue in Q2 2020 and expects a strong second half of the year
  • If telemedicine services maintain popularity, market analysts project a seven-fold increase for the industry by 2025
Trxade Group (NASDAQ: MEDS), an integrated drug procurement, delivery and healthcare platform, will present at the virtual LD 500 in early September to an expected online audience of more than 20,000.The event is organized by LD Micro, an independent resource to the microcap world, which started off as a newsletter highlighting unique companies and has transformed into the pre-eminent event platform in the space. The upcoming LD 500, taking place September 1st-4th, 2020, is the company’s most ambitious project yet, and the first event that can be accessed by anyone. It is expected to feature over 300 companies and more than 20,000 attendees, according to LD Micro President Chris Lahiji. “For the first time in ten years, we were unable to host our mid-year conference, which caused us to dream up the LD 500,” stated Lahiji. “While the economy and financial world have been turned upside down, investor interest is as high as we have ever seen, and we will have something for everyone.” This news comes on the heels of Trxade Group reporting record revenues for the second quarter of 2020 and projections for a strong second half of the year. According to a company announcement, revenues increased 244% to a record $6.6 million, compared to revenue of $1.9 million in the same quarter last year. Second quarter revenue was up 199% when compared to revenues of $2.2 million in the first quarter of 2020 (http://ibn.fm/wCopy). “As we move through the second half of 2020, we are better positioned than ever to execute upon our vision of continued growth of the platform, driven by new independent pharmacies, new suppliers and distributors,” Chairman and Chief Executive Officer Suren Ajjarapu said. The revenue surge was primarily due to a significant increase in personal protective equipment (“PPE”) sales by the company’s Integra Pharma segment in response to the COVID-19 pandemic. During the COVID-19 crisis, telehealth services have rapidly expanded. As a result, the company has been working to raise awareness of its supply chain trading platform that includes medical consultation and prescription drug solutions. As the spread of the novel coronavirus unexpectedly reached pandemic proportions and triggered the need for infection-fighting policies, Trxade Group has developed measures to help patients and providers continue to access resources through a virtual environment that is safe from contagion. If telemedicine services maintain popularity with patients, and insurance providers continue to be responsive to reimbursing telehealth claims, market analysts at McKinsey & Company forecast a $250 billion telehealth market (http://ibn.fm/MZqNY) while Frost & Sullivan projects a seven-fold increase in telehealth by 2025 (http://ibn.fm/2x5DG). Headquartered in Tampa, Florida, Trxade Group, Inc. is an integrated drug procurement, delivery and healthcare platform that fosters price transparency, thereby improving profit margins for both buyers and sellers of pharmaceuticals. The company operates across all 50 states with the central mission of making healthcare services affordable and accessible. Trxade operates via four synergistic platforms: (1) B2B trading platform with 11,725 registered pharmacies; (2) Integra Pharma Solutions, the company’s virtual wholesale division; (3) Bonum Health which offers affordable telehealth services; and (4) the DelivMeds app, a nationwide mail order delivery distribution network for independent pharmacies. For more information, visit the company’s website at www.TrxadeGroup.com. NOTE TO INVESTORS: The latest news and updates relating to MEDS are available in the company’s newsroom at http://ibn.fm/MEDS

Sustainable Green Team, Ltd. (SGTM) Upgrades Operations, Anticipates Increased Revenue from Heavy Hurricane Season

  • SGTM adds grapple hauling trucks to its fleet, each projected to generate over $400,000 in gross revenue
  • Experts predict very active 2020 hurricane season in Florida
  • Recent construction upgrades to production facilities expected to increase mulch manufacturing capability by 4 million bags per year
  • Incremental revenue expected to add substantially to SGTM’s impressive Q1-2020 results of $6.2 million in revenue, $1.7 million in gross profits

Sustainable Green Team (OTC: SGTM), a leading provider of environmentally-beneficial solutions for tree and storm waste disposal, recently added new grapple hauling trucks to its fleet as part of the company’s strategy focused on expanding its vertically integrated operations. Through its subsidiaries, SGTM transforms natural waste created by hurricanes, ice storms and floods into useful organic products that benefit the environment through tree services that include debris hauling, biomass recycling, waste removal, mulch manufacturing, packaging and sales, and the production of playground surface material.

SGTM’s strategic move to purchase the grapple hauling trucks coincides with expert predictions forecasting a very active storm season in Florida for 2020 (http://ibn.fm/vNvdC), necessitating the need for the company to upgrade its fleet in preparation for the increasing demand for tree recovery/collection services. The grapple hauling trucks also represent a key investment for other SGTM operations, with each projected to generate over $400,000 in gross revenue with a capacity to haul up to 1,250 loads and recover roughly 50,000 cubic yards of feedstock material.

“Some great benefits of the use of grapple truck hauling are collecting revenue and building our feedstock for our rapidly growing mulch manufacturing business,” said SGTM CEO and director Tony Raynor in recent statements (http://ibn.fm/52sFf). “Getting paid for your feedstock in the mulch business is a recipe for success and great profit margins. Another great advantage to owning a fleet of grapple trucks is they are one of the most efficient ways to collect storm debris after a hurricane, flood or ice storm. Storm recovery is a multibillion-dollar business, and we are prepared to help in any cleanup process.”

SGTM’s vehicle investment builds upon the company’s expansion efforts that have also included recent construction upgrades to its waste management landfill facility. Besides increasing its mulch manufacturing capability by 4 million bags per year, the company recently entered the playground resurfacing material market last July through a certification earned by the International Play Equipment Manufacturers Association (“IPEMA”). The incremental revenue expected from these activities is expected to enhance the company’s already-impressive earnings from the first quarter of 2020—figures that include revenues of over $6.2 million and gross profits of over $1.7 million (http://ibn.fm/2R7S2).

SGTM operates with a mission of sustainability and commitment to the environment – primary factors behind the company’s July 2020 rebranding, which included a name and ticker change from National Storm Recovery Inc. (OTC: NSRI) to Sustainable Green Team, Ltd. (OTC: SGTM). The company takes its role as a “steward of the environment” seriously, driving its mission forward by providing synergistic and environmentally beneficial solutions that transform tree and storm waste disposal into attractive, environmentally beneficial organic products – all while providing value to shareholders and servicing their growing client roster that includes commercial businesses and government agencies.

To learn more about this company, view the investor presentation at http://ibn.fm/NssTC

NOTE TO INVESTORS: The latest news and updates relating to SGTM are available in the company’s newsroom at http://ibn.fm/SGTM

Electric Sports Car Manufacturing Coming to Washington State Via Proposed Merger Between Net Element Inc. (NASDAQ: NETE) and Mullen Technologies

  • Mullen Technologies plans to open electric vehicle manufacturing facility in West Plains via proposed merger with NETE
  • Reverse merger will give Mullen stakeholders majority in newly formed company while accelerating process of taking Mullen public
  • Proposed 1.3 million square foot manufacturing facility is expected to create up to 4000 jobs by 2026

Mullen Technologies (“Mullen”) plans to bring electric vehicle (“EV”) manufacturing to West Plains, Washington through a proposed merger with Net Element (NASDAQ: NETE), a global technology group based in Miami that operates electronic payment services.

While still in its planning stages, the new EV manufacturing facility will comprise 1.3 million square feet of assembly and manufacturing space. A total of nearly 4000 jobs are expected to be created that include 55 at startup, 863 by 2026, and an additional 3,000 from the research and development of lithium-ion batteries through Mullen’s subsidiary company, Mullen Energy.

“We believe the timing of this merger is ideal for Mullen Technologies,” Mullen CEO David Michery said in recent statements (http://ibn.fm/b0ZoJ). “It comes on the preparation of our launch of the Dragonfly K50, which will be available in (the second quarter) of 2021 through our retail network in California and Arizona, and the development of a new EV model, the MX-05 Sport Utility Vehicle.”

Electric vehicle sales have grown substantially in recent years due to the falling prices of EV batteries, changes in fuel regulations and electric vehicle mandates in countries like China, which is expected to account for almost half (48%) of all passenger car sales in 2025, according to research by BloombergNEF (http://ibn.fm/LDvxf). Besides taking over most of the global passenger market by 2040, the report also predicts that electric vehicles will dominate municipal bus sales by 81% while taking 56% of light commercial vehicle sales and 31% of the medium commercial market.

Plans for the West Plains manufacturing plant are expected to accelerate following the merger, anticipated to occur in the third quarter of 2020. Pending stockholder and NASDAQ approval, the reverse merger between the companies will allow the stakeholders of Mullen Technologies, a privately held company, to acquire a majority of the stock in the newly formed company while accelerating the process of taking Mullen public and expanding its manufacturing operations.

NETE helps businesses of all sizes deliver innovative, virtually seamless payment systems with services that also include marketing solutions and business analytics.  Ranked by Deloitte in 2017 and 2018 as one of North America’s 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies, NETE credits its progression to organic growth in its North America transactions segment.

For more information, visit the company’s website at www.NetElement.com.

NOTE TO INVESTORS: The latest news and updates relating to NETE are available in the company’s newsroom at http://ibn.fm/NETE

Energy Fuels (NYSE American: UUUU) (TSX: EFR) Focused on Eliminating Debt, Growing Uranium Inventory

  • UUUU has eliminated half of the company’s debt, plans to be debt free by end of 2020
  • Company will have estimated $30 million of uranium & vanadium inventory — more if market prices rise — by end of 2020
  • Energy Fuels working toward producing rare earth elements in the U.S.

The largest uranium mining company in the United States, Energy Fuels (NYSE American: UUUU) (TSX: EFR) has eliminated one-half of its debt, plans to be debt free by the end of the year, and anticipates having $30 million of inventory value by the close of 2020 (http://ibn.fm/YpNEV). The company holds three of America’s key uranium production centers, including the White Mesa Mill, the only conventional uranium mill currently operating in the United States today.

“The strength of Energy Fuels’ balance sheet is unsurpassed in the global mid- and junior-uranium mining sectors today, including decreasing debt loads and increasing values on our product inventories,” said Energy Fuels president and CEO Mark S. Chalmers.

Uranium mining peaked in the 1980s with more than 250 operating mines, making the United States the world’s largest producer of energy fuels at that time. The situation has changed significantly since then. The U.S. now ranks 15th in the world and produces a mere 1% of the world’s uranium (http://ibn.fm/sEY6i) and less than 1% of U.S. requirements (http://ibn.fm/S120N).

Nuclear energy is clean energy, generating 20% of all electricity and more than 55% of the carbon-free, emission-free electricity in the country. Its continued use is vital in combating global climate change and air pollution, while also remaining affordable.

Energy Fuels is the top U.S. producer of uranium, supplying over one-third of the nation’s needs for the past 15 years. However, the country continues to import the majority of its uranium from foreign countries. Energy Fuels is working to change this by leading efforts in the 2018–2019 Uranium Section 232 (http://ibn.fm/OSTJQ), the Nuclear Fuel Working Group (http://ibn.fm/dWqGS), and the proposed creation of the new U.S. strategic uranium reserve (http://ibn.fm/1iMCl).

“No other comparable uranium miner to my knowledge has Energy Fuels’ inventory levels, and many are incurring significant debt to advance their development and exploration projects,” Chalmers stated. Decreasing debt has been a focus of Energy Fuels over the last several years. Being debt free by the end of 2020 protects the shareholders if the market does not meet expectations.

Energy Fuels anticipates 640,000 to 690,000 pounds of uranium inventory by the end of 2020; at the current value of uranium that is about a$22,000,000 value. Also, Chalmers shared that the company has 1,675,000 pounds of high-purity finished vanadium product, worth around $8.9 million at today’s prices. “I can think of no other comparable uranium miner anywhere in the world that has the potential to have over $30 million of inventory value at the end of 2020 — and possibly much more if uranium and/or vanadium prices improve,” he stated.

The company is looking into entering the rare earth elements (“REE”) space as well, which will incorporate the recycling of REE-bearing materials (http://ibn.fm/zjTe0). There is a lot of interest in rare earths at the current time, and Energy Fuels management believe the company is more advanced than other companies in the U.S. with respect to producing a salable rare earth concentrate (http://ibn.fm/xADbd).

Uranium recycling, vanadium production and the alternate-feed material recycling program have also created diverse cash-flow-generating opportunities for Energy Fuels that has played into the company’s ability to reduce debt while remaining environmentally responsible. The company’s alternate-feed material recycling program takes waste from non-mine sources and industrial activities and produces uranium, a clean-energy resource.

For more information, visit the company’s website at www.EnergyFuels.com.

NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU

Predictive Oncology Inc. (NASDAQ: POAI) Appoints New Board Members; Adds Depth of Knowledge, Experience to Strengthen Company’s Vision

  • Appointments signify POAI’s commitment to aligning board’s expertise with company’s strategic vision
  • Board members to support development, commercialization of unique offering that improves outcomes for oncology patients, value to shareholders
  • New appointments effective immediately

Predictive Oncology (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine, announced the appointment of three new highly qualified individuals to its board of directors (http://ibn.fm/gezoD). The three new board members — Dr. Nancy Chung-Welch, PhD; Charles L. Nuzum, CPA; and Greg St. Clair — bring with them more than a century of invaluable experience in business development, marketing and financial expertise in the life-sciences space.

“These appointments signify our absolute commitment to aligning our Board’s expertise with the company’s strategic vision of developing and commercializing an offering that will enable us to support the improvement in healthcare outcomes for oncology patients and increase value to our shareholders,” said POAI CEO Dr. Carl Schwartz. “Each of these members brings a wealth of knowledge, experience and thought leadership that will be highly valuable as we execute our plans to develop and market AI-based predictive models that leverage our unique tumor bank.”

Bringing with her more than 25 years of business development and marketing experience in the life sciences market, Chung-Welch has built a strong record of national and global accomplishments. She currently works as an independent consultant in the life-science sector, with a targeted focus on the research product/tools market.

She has served as director of business development at both Cell Signaling Technology and Thermo Fisher Scientific as well as technical marketing manager for Fisher Scientific. In those roles, she conceptualized, launched and managed products and services in the laboratory, medical, biotech/pharma, academic and government markets. Chung-Welch earned a PhD in vascular physiology and cell biology from Boston University.

As a certified CPA and experienced board member for several international organizations, Nuzum brings with him almost 50 years of operations, executive leadership and military experience across a broad spectrum of enterprises. He currently provides project-based financial consulting services to companies such as McKesson, BioMarin, AutoDesk and Squire Patton Boggs.

In addition, he co-founded and served as CFO for two companies: Tyburn Group, a financial services company that creates and delivers prepaid payroll and general-purpose card programs, and SVC Financials Services, one of the first companies in the field to integrate a mobile money solution for global distribution. As CFO of Loomis Fargo & Co. for almost 20 years, Nuzum transformed the company from a small Seattle-based armored car company to an international security and diversified-transportation company with more than $350 million in revenue and over 3,000 employees. An Army veteran and recipient of the Bronze Star and Army Commendation Medal, Nuzum served all over the world and as an intelligence officer in Washington, DC.

As an innovator and entrepreneur, St. Clair has more than 30 years of hands-on experience in growing companies across a variety of markets. His broad experience includes executive leadership, strategic planning, compliance, reimbursement and revenue integrity and cycle management in the health systems and biomedical sectors. St. Clair is founder and a managing member of SunStone Consulting. Prior to that, he worked as a national vice president for three different organizations — CGI, ImrGlobal and Orion Consulting — and as a national director for Coopers & Lybrand.

The new appointments are effective immediately. POIA’s board of directors includes seven members, with each new board member serving as an independent director as defined by Nasdaq Corporate Governance rules.

POAI is bringing precision medicine, or tailored medical treatment using the individual characteristics of each patient, to the treatment of cancer. Through the company’s Helomics division, the company leverages its unique, clinically validated patient derived (“PDx”) smart tumor profiling platform to provide oncologists with a road map to help individualize therapy. In addition, the company is utilizing artificial intelligence and its proprietary database of over 150,000 cancer cases tumors to build AI-driven models of tumor drug response to improve outcomes for the patients of today and tomorrow.

For more information about the company, visit www.Predictive-Oncology.com.

NOTE TO INVESTORS: The latest news and updates relating to POAI are available in the company’s newsroom at http://ibn.fm/POAI

SRAX Inc. (NASDAQ: SRAX) BIGtoken Platform Announces Launch of New BIG Seasons Payment System

  • SRAX’s BIGtoken platform announced launch of BIG Seasons payment system
  • Over course of each three-month long ‘season’, users earn points through variety of methods – including filling out surveys, uploading purchase receipts, referring new subscribers
  • At season’s end, BIGtoken users can opt to redeem their earned points
  • BIG Seasons marks SRAX’s latest growth initiative as company seeks to continue development of its 16.7 million user BIGtoken consumer data intelligence platform

SRAX Inc. (NASDAQ: SRAX), a digital marketing pioneer focused on providing consumer data management services, has announced the launch of a new payment system for its proprietary BIGtoken platform. Through its revolutionary BIGtoken platform, which boasted 16.7 million users as of the end of the first quarter of 2020, SRAX enables its subscribers to provide their advertisers with access to verified consumer data, which in turn can help companies better reach and serve their audiences. Now, as a part of its new initiative to continue growing out its platform, SRAX has announced the launch of BIG Seasons – a new payment system for the millions of subscribers on its platform (http://ibn.fm/xhrEV).

BIGtoken’s recent BIG Season officially launched on July 1, 2020 in the U.S., UK, Canada, Australia, New Zealand and South Africa. Each BIG Season is set to run for three months at a time, during which time platform subscribers will be able to earn points by engaging in a myriad of different activities. At the end of each season, users will be able to cash out their points and opt to receive their payments through PayPal, gift cards or through a charitable donation made on their behalf.

In turn, BIGtoken has now made it easier than ever for its users to earn more points. In addition to the platform’s characteristic one-swipe surveys, users will also be able to carry out High Point Surveys (i.e. traditional, long-form surveys provided by brands), BIG Rewards (e.g. brand promotions which ask users to scan receipts for instant rebates – only in the U.S. for now), and Sponsored Actions, which allow users to earn points by watching videos, playing games, and more. Lastly, users will be able to earn more points than ever before by introducing new subscribers to the BIGtoken platform.

By earnings points, BIGtoken users are able to raise their tiering within the application. Platform subscribers will enjoy further benefits as they see their point tiers rise through the five available levels, beginning as a ‘Starter’ all the way through to gaining the coveted ‘Influencer’ rank. With all payments being made within 15 days following the conclusion of each season, BIGtoken has made it easier than ever for consumers to own and manage access to their data while gaining compensation in return.

A recent study by MarketsandMarkets estimated that the Big Data industry would rise to a value of $229.4 billion by 2025 (http://ibn.fm/TvIPU), implying a compounded aggregate growth rate of 11 percent per annum over the next 5 years. SRAX has sought to capitalize on the growing demand for quantifiable and detailed consumer data through the creation and development of its proprietary BIGtoken platform – providing an invaluable bridge between companies and their target demographic audiences. Following the launch of the BIG Seasons payment system, and with the big data industry set to increase exponentially in size over the next five years, SRAX and its proprietary platform seem well-positioned to benefit from the swelling tide of growth.

For more information, visit the company’s website at www.SRAX.com.

NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX

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Nightfood Holdings Inc. (OTCQB: NGTF) d.b.a. TechForce Robotics, is slowly transitioning into a strategic investor and operator in sectors driven by innovation. With solid footprints in food services, hospitality, and real estate sectors, the company is incorporating artificial intelligence and robotic automation into its growth plan, underscoring a deeper focus on leading markets experiencing rapid […]

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