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SinglePoint Inc. (SING) Surpasses $1 Million in Q1 Revenue, Reaping Significant Rewards from Pivoting Strategy During Economic Crisis

  • SING surpasses $1 million in Q1 revenue through new online strategy for subsidiary Direct Solar
  • 1606 Hemp social media strategy grew followers from 100 to over 20,000 with direct increase in online sales
  • 1606 Hemp physical distribution increased to over 400 stores within several months

With a combination of perseverance and flexibility, management at SinglePoint (OTCQB: SING) led the company to increased growth surpassing $1 million in Q1 revenue as a result of its ability to strategically pivot in this challenging economic environment. As a diversified holdings company with operations in several high-performing market sectors, SING is well positioned to handle the remaining waves of 2020’s tumultuous economic landscape. Its strategy includes intensifying its successful 1606 Hemp retail rollout and establishing itself as a major player in the solar industry by increasing its footprint in the commercial sector and ramping up its newly created virtual selling process.

“We had a great quarter and a lot of that has come from pivoting to where we go virtual with our solar selling,” commented CEO Greg Lambrecht in a recent interview (http://ibn.fm/QZ3nJ). “We predicted that we’re going to do $10 million (in 2020), so to do a million in this epic time is a great indication that we’re going to get there so we’re really excited to report these sorts of revenues.”

Despite lockdowns constricting the economy, SING kept up the effort to continue meeting consumer demand for solar energy solutions by recently shifting to a virtual sales process for subsidiary Direct Solar. The move resulted in a massive success evidenced by an increase in sales in addition to doubling the company’s footprint to 25 states (http://ibn.fm/hGd7W), with further growth expected as demand for solar installations increases nationwide.

In addition to solar, SING provides expertise that fuels the growth of technology-driven businesses and emerging growth opportunities in consumer products. By typically acquiring a significant stake in a business unit, SING offers expertise in the company’s operation, development and management through its equity ownership.

SING’s 1606 Hemp brand is a prime example of the company’s leadership strategy in action, made possible by growing the company to a recognized brand with legions of new fans within months.

“The good news there is that we’re getting a lot more retail accounts to take our product, in addition to selling the product really well on our website. Our count to date is over 400 stores…and that’s just been in the last two months,” revealed Lambrecht during the interview. “We’ve really figured out and are focused on working with influencers. When we first started we had no more than a hundred people and now we have over 20,000. It’s amazing how that helps sales online. We’re getting good at that, and it’s really helping our brand.”

Unlike tobacco, 1606 Hemp cigarettes can be placed directly at the point of sale at the counter in a display box, showcasing the product as a cigarette alternative that contains nearly 20% CBD and less than 0.3% THC in each pre-roll. Made with high quality hemp and biodegradable filters, the product earned its name from when the first hemp plant was planted in North America. The company has brought a premium product to market using high quality hemp grown with organic practices and using biodegradable filters. “The great thing about hemp is that it can be sold on the counter,” said Lambrecht. “It’s going to be a game-changer because anything you put on the counter sells well. We’re looking to have a great year with this six-pack hemp box.”

With an increase of 190% in revenue from 2018 to 2019 (http://ibn.fm/cwK0n), SING continues to expand through internal growth of acquired companies and presents the opportunities for accelerated growth through acquisition.

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

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

SRAX Inc. (NASDAQ: SRAX) Long-Time Advocate of Consumer-Controlled Data, Provides Template for CCPA Compliance

  • Enforcement of country’s strictest privacy act, the California Consumer Privacy Act, begins July 1
  • SRAX leads way in offering consumers full control over their information.
  • Company’s proprietary BIGtoken platform allows people to own, earn from data while providing advertisers access to verified consumer data.

Beginning July 1 — only a few days away — enforcement of the California Consumer Privacy Act (“CCPA”) begins. Designed to give consumers more control over their personal information, the law was passed in California but impacts companies across the country. As many companies are scrambling to fall within the regulatory guidelines, SRAX Inc. (NASDAQ: SRAX), a digital marketing company focused on providing consumer data-management services, has long been an advocate of consumers having full control over their information and, in fact, provides compensation to consumers who choose to share their data.

The CCPA was passed in 2018 with additional amendments added as late as October 2019. “Considered to be the most comprehensive in the country, the California Consumer Privacy Act (CCPA) is set to take effect January 1, 2020, with enforcement beginning July 1, 2020. This expansive act is designed to give consumers more control over their personal information and will reach beyond California’s borders,” reported a “Forbes” article (http://ibn.fm/dsaT7).

“Even if your for-profit SMB isn’t located in the Golden State, you may still be on the hook to comply,” the article continued. “Do you do business or have customers (or potential customers) in California? If you answered yes to this question, and you meet one of the following criteria, your company must conform to CCPA regulations:

  • Your annual gross revenue is more than $25 million.
  • Your organization receives, shares, or sells personal information of more than 50,000 individuals.
  • Your company earns 50% or more of its annual revenue from selling personal information of consumers.”

Noting that many states are using California’s law as a template for their own, the article warns that “it’s just a matter of time before privacy regulations affect your business.”

SRAX, however, remains unaffected by these privacy laws because the company has long recognized and respected the need for consumers to control their personal information. In fact, while the company’s core business is providing consumer information for marketing purposes, SRAX has always given the control of that data to the consumer through its proprietary BIGtoken platform.

SRAX’s BIGtoken service offers powerful and unique benefits to both consumers and advertisers. The more than 16 million (and growing) BIGtoken users can choose what information they share and when it is shared; they are also rewarded with cash or gift cards when they opt in their data and each time that data is accessed.

Advertisers that buy BIGtoken information know that they are receiving quality information that has passed through multiple layers of verification for superior accuracy. In addition, they can rest assured that they are receiving information from fully informed and consenting consumers.

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

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Offers Effective, Innovative Alternative to Physical Auctions as Online Vehicle Trade Flourishes

  • To survive, car dealerships have quickly adapted to an online transaction model where the buyer has more control over the process, more options and transparent pricing
  • New model includes home deliveries of fully sanitized vehicles for test drives or completed orders
  • Online vehicle trading is expected to continue growing, as 49 percent of consumers are ready to buy online and as many as 1.3 million vehicles are expected to be sold annually as soon as 2035
  • PowerBand Solutions’ cloud-based platform is a reliable online alternative, offering users complete control over the purchasing process by taking transaction online, streamlining the interactions among all participants and eliminating unnecessary middlemen

COVID-19 has drastically changed the way people buy and sell cars and these changes are here to stay.

Numerous recent reports have shown that post-COVID-19, customers will still want to be able to talk to dealers online and have virtual walks around their car of choice. They will want to schedule test drives online and have a fully sanitized vehicle be brought to their homes for that purpose. If they decide to buy it, they will ask the car to be brought back to their homes for final delivery. Additionally, they already expect great rates and deals on their purchases. And in the post-COVID world, it looks like their expectations will be met. After all, dealerships want to remain on the market, according to a Detroit Free Press report (http://ibn.fm/yw07Q).

These benefits to customers are already starting to become reality thanks to the great efforts of companies like PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA). As customers aren’t overjoyed by the prospect of being physically present at dealership locations, PowerBand Solutions’ cloud-based platform has made it possible to buy, sell, lease and trade vehicles online, with never-seen-before simplicity, speed and cost-efficiency, irrespective of device or location.

The new normal of buying vehicle puts the buyer in control, with more options and transparent pricing. This is the future and dealers simply have to adapt or die, according to industry observers.

An early example mentioned in the Detroit Free Press Report is that of Carter Myers Automotive in Charlottesville, who has seen their online vehicle purchasing grow steadily since the beginning of the outbreak. Home deliveries of new vehicles have reached almost 25% of all of Carter Myers Automotive’s sales, up from less than 5% in mid-March.

But PowerBand takes this to an entirely new level, because it allows consumers to access a far wider market from their smart phones. Even during a pandemic, they can buy, sell, lease, or auction a car from any location.

The development is fully in line with a nationwide and global trend for online automotive transaction alternatives, amid growing demand for safe, technology-powered solutions and an enhanced customer experience. The coronavirus and technology have already made the car buying process more efficient. The driver doesn’t have to leave their home to purchase a car and there are almost never any negotiations because today, cars on lots are priced very affordably. Buyers can save an average of 20% on a vehicle (http://ibn.fm/H08eW).

According to the ‘Digital Commerce 360 Online Vehicle Shopper 2019’ survey, conducted among 1,089 buyers, 49% are willing to purchase a new vehicle entirely online (http://ibn.fm/bAaJ9). According to Frost & Sullivan, consumers may purchase as many as 1.3 million vehicles annually online as soon as 2035 (http://ibn.fm/My8oz). And nearly 90% of Americans report they dislike the car dealership experience, noting they feel anxious or uncomfortable in dealership settings.

PowerBand is positioned to capitalize on these trends by disrupting the antiquated business model of the automotive industry, replacing distrust and confusion with transparency, access to information and ease of use. Developed by a team of experienced automotive, technology and finance experts, PowerBand Solutions’ platform empowers the consumer to self-direct a transaction, by streamlining the interactions among all participants and eliminating unnecessary middlemen, all from a smart phone.

The company is currently rolling out its platform across the United States and to this end, it has partnered with Source Digital, a pioneer in immersive commerce through the use of digital media platforms and video content on the internet (http://ibn.fm/1WEff). This unique campaign will use Source’s patented technology to promote PowerBand’s platform inside popular video content with various channels and influencers in the U.S.

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

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

Singlepoint Inc.’s (SING) 1606 Original Hemp Cigarettes See Record Sales Rise

  • SinglePoint Inc. announced that its range of pre-rolled hemp cigarettes, 1606 Hemp Direct, saw revenues growth by 133% quarter-on-quarter
  • CBD-infused cigarettes target smokers looking for smoother alternative to tobacco, with CBD-infused product market set to reach $23.7 billion by 2023
  • 1606 Hemp Direct cigarettes currently sold by network of 400 retailers across 19 states, with the company seeking to expand its number of vendors in near future
  • SinglePoint forecast that its 1606 Hemp product could generate between $2.75 million – $5.5 million in annual revenues per 1,000 stores

As public opinion of nicotine cigarettes continues to sour with each increasingly health-conscious generation, consumers are seeking safer alternatives to smoking—and hemp cigarettes have taken center stage. SinglePoint (OTCQB: SING), a publicly traded company dedicated to acquiring businesses focused on emerging technologies, recently reported that its hemp cigarette brand 1606 Original Hemp had posted a remarkable 133% growth in sales this quarter relative to the previous one—a growth figure that points to the public’s increasing interest in the safer alternative (http://ibn.fm/J7Lfv).

The 1606 Original Hemp product range (http://ibn.fm/G0oG9), which consists of pre-rolled organically cultivated hemp cigarettes, was launched December 2019 at the MJBizCon Conference in Las Vegas (http://ibn.fm/BZzd3) targets a rapidly growing market of smokers looking for smoother alternatives to conventional tobacco products. Since then and within a few short months, the product has gained widespread popularity, with over 400 retailers across 19 states now marketing the brand.

SING’s hemp cigarette offering has been meticulously designed to be both nicotine and tobacco-free and is crafted from broad spectrum American grown, harvested and cured hemp flower. Moreover, with less than 0.3% THC and nearly 20% cannabinoid oil (CBD) content, the pre-rolled cigarettes have quickly consolidated a domineering position within the largely untapped yet rapidly growing smokable hemp market segment. In an insightful recent survey of 5,000 US-based CBD users carried out by the Brightfield Group, tobacco users were revealed to have increasingly turned to CBD products in an effort to quit smoking, with 24% opting to smoke hemp cigarettes as a replacement to cigarettes. Meanwhile, 41% of former smokers were found to have entirely replaced traditional smoking with hemp-derived CBD (http://ibn.fm/It4oF).

The use of industrial hemp products has gained particular prominence in recent years, with a June 2019 market research report by MarketsandMarkets projecting the sector to grow in size from $4.6 billion in 2019 to $26.6 billion by 2025, recording a compound annual growth rate of 34.0% during the period (http://ibn.fm/V01Qw). Meanwhile, a recent study showed that nearly 4 million Americans were choosing to consume non-psychoactive cannabinoid oil (CBD) infused products (http://ibn.fm/mZ8ya), with CBD-infused topical and supplement products now found across a range of mainstream retailers, including the likes of Abercrombie & Fitch and Kroger.

SinglePoint Inc. has chosen to distribute its pioneering product in a novel manner, opting to do so through a targeted direct-to-store (DSD) sales initiative rather than through a conventional distributor.  The initial phase of the DSD sales strategy has been largely centered on self-generated store acquisition, during which the company sought to contact a number of retail accounts—ranging from convenience stores to smoke shops scattered across the United States—in a bid to gain at least 250 retailers marketing their products. Within a few months, the company announced that they had already put in place a network of 400 stores across 19 states, surpassing their 250-store goal in a matter of weeks with a number of the new retail accounts reportedly placing reorders for 1606 Original Hemp product.

The growth in scale within SinglePoint’s distribution network has been increasingly apparently in recent weeks. In the last month alone, orders for 1606 Original Hemp have risen by 64% relative to the previous four weeks while average sale sizes have grown by 42%. However, the company’s management has recently revealed an ambitious plan to embark on a new growth phase focused around the acquisition of 2,500 new vendors while simultaneously seeking to increase and enhance the reorder rate from existing accounts.  In a statement, SinglePoint announced its anticipation of the 1606 Hemp product generating $2.75 million to $5.5 million in annual sales revenue per 1,000 active accounts (http://ibn.fm/apH9p). That figure could prove to be even more remarkable given that it could single-handedly enable SinglePoint to double its 2019 revenues of $3.34 million.

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

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

Vivos Therapeutics Inc. is “One to Watch”

  • Obstructive sleep apnea affects millions of people of all ages. It is estimated that OSA costs the US economy $165B annually. The Vivos technology represents the first non-surgical, non-invasive and cost-effective solution for the estimated hundreds of millions of people globally who suffer from OSA.
  • As dentists have hundreds of patients of all ages suffering from OSA, the Vivos System presents a multi-million dollar revenue opportunity for dental practices.
  • Vivos is helping address challenges throughout the world, reducing the overall cost of health care by focusing on a prevalent condition which is linked to many of the most expensive health care problems.
  • The Vivos System is thought to be the most significant breakthrough in OSA treatment since CPAP.
  • The system’s treatment time is a fraction of that of its alternatives—patients can find lasting relief in a matter of months, eliminating the need for surgery or a lifetime of therapy.
  • Vivos® Integrated Practices are supported by a network of clinical, practice and market advisors who provide guidance, collaboration, various capacities of coaching, and market intelligence in support of growth and distribution.

Headquartered in Denver, Colorado, Vivos Therapeutics Inc. is an emerging global leader in the treatment of obstructive sleep apnea (OSA), a debilitating condition affecting nearly 1 billion people worldwide. The company utilizes proprietary, ground-breaking technology, a proven go-to-market strategy, and a powerful executive team dedicated to changing the face of health care by helping people of all ages properly breathe and sleep.

At the core of Vivos’ mission to eradicate OSA is the Vivos System®, a revolutionary clinical breakthrough in the treatment of sleep apnea caused by craniofacial anatomy development. The Vivos System® multidisciplinary treatment protocol involves collaboration between physicians, specially-trained dentists who have completed advanced training in craniofacial sleep medicine, and other ancillary health care providers.

In support of its growth strategy, Vivos has established FDA-approved and registered manufacturing facilities in the U.S., Canada and Asia.

Market & Technology Overview

Craniofacial developmental deficiencies, such as underdeveloped upper and lower jaws, are the leading cause of OSA. According to a 2019 analysis from researchers at the University of California, San Diego, an estimated 81 million adults in North and South America suffer from moderate to severe OSA. The United States has the highest amount of these patients, with approximately 54 million adults affected, according to the report.

Registered with the FDA as a Specification Developer, Vivos develops and markets a number of oral appliances. Its technology represents the first non-surgical, non-invasive and cost-effective solution for the estimated hundreds of millions of people globally who suffer from OSA.

Vivos integrates its specially designed, customized appliances into a patient-specific, multi-disciplinary clinical protocol, giving trained dental and medical providers the tools and roadmap needed to address certain craniofacial conditions that have proven to be associated with sleep-disordered breathing—including OSA.

The system’s treatment protocol involves collaboration between physicians, specially trained dentists who have received advanced training in craniofacial sleep medicine, and additional health care providers. Vivos-trained clinicians can be found in almost every major city in the U.S. and in many countries throughout the world. The company’s oral appliances have shown to be effective in over 15,000 patients successfully treated worldwide by approximately 1,350 trained dentists.

A New Paradigm in Sleep Medicine

Vivos’ proprietary system poses the potential to be the biggest breakthrough in OSA treatment since CPAP.

Designed to promote correct growth and development of the hard and soft tissues surrounding and compromising the oral cavity, nasal cavity, upper and lower jaws, and other tissues which comprise and shape the human airway. The system uses Pneumopedics®, the natural process induced by Vivos biomimetic technology to widen and expand the patient’s airway, allowing for proper breathing through the nose, effectively addressing the root cause of OSA.

This patented technology offers benefits over CPAP and other oral appliances in its ability to achieve results relatively quickly—in about 18 to 24 months or less—at a lower cost, and without the need for lifetime intervention in most patients. It is believed to be the first effective, non-surgical, non-invasive and potentially long-lasting solution to eradicating OSA.

Strategic Partnership

A cooperative agreement with Benco Dental, the largest family-owned dental distributor in the United States, broadens the reach of the Vivo System. This partnership ensures that all dentists in the United States have access to Vivo’s patented system, on par with Vivo’s vision to provide clinicians with the tools to provide the best alternative solution to treat OSA and well-aligned with Benco’s commitment to evolve the dentistry industry by empowering clinicians with innovative treatment options.

Leadership

  1. Kirk Huntsman – CEO, Director
    With experience in strategic development, technology acquisition and product planning, key talent recruitment, and target market prioritization, Huntsman brings a broad vision paired with leadership and strategic planning skills. He has significant start-up experience in a diverse range of market sectors, including medical devices, dental management, dental practice valuations and transitions, multi-location retail, financial and capital formation, consulting, outsourced services, imports and exports (China), medical services, and software and technology.

Dr. Dave Singh – Founder, Director
A doctor three times over in dental medicine, craniofacial development, and orthodontics, Dr. Singh was educated primarily in England and has lectured in North America, Europe, Asia, and Africa. The Global Summits Institute recently named Dr. Singh as one of the Top 100 Doctors in Dentistry.

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

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

SRAX Inc.’s (NASDAQ: SRAX) BIGtoken Platform Integral in Shift Towards Data-Driven Marketing

  • SRAX’s BIGtoken platform gains relevance on heels of renewed focus on data-driven marketing
  • BIGtoken recently launched various new initiatives, including use of sponsored surveys, Lightning Insights, sponsored actions and more
  • Kraft’s recent BIGtoken-powered marketing campaign enjoyed 6.6% return on ad spend, far outpacing competing advertising campaigns launched by rivals
  • The Publicis Groupe published its second study using BIGtoken’s Lightning Insights tool, highlighting platform’s quick, efficient ability to generate customer insights

In late 2014, UK cell provider Three introduced its award-winning ‘Holiday Spam’ campaign, promoting the mobile company’s roaming data offering which enabled customers to use their phones abroad at no extra cost (http://ibn.fm/6nIhv). The ad campaign featured people ‘spamming’ their friends with their holiday snaps, a concept which resulted from the company’s costly and painstaking investigation into people’s behavior while on vacation – a form of research which SRAX Inc.’s (NASDAQ: SRAX) proprietary BIGtoken platform has now appropriated into an efficient and accessible service offering. The rise of data-driven marketing and the ability to personalize and launch targeted ad campaigns has become critical in improving ad content quality and driving customer engagement. Moreover, it has also grown in significance as a result of a renewed focus by cost-conscious marketers in to their return on ad spends (ROAS). With the use of SRAX’s BIGtoken offering, companies are now able to tap into the platform’s 16.7 million subscribers in an instantaneous fashion – deriving invaluable and oftentimes otherwise inaccessible customer insights and feedback quickly and efficiently.

The BIGtoken platform was initially conceptualized as a means of enabling customers to monetize their data by marketing its access to interested counterparties. Advertisers were able to receive high-quality, targeted data while users were able to control what data was sold to whom, gaining compensation in return. However, the current reach and abilities of the platform far exceed its original intentions. Over the past two quarters, SRAX has launched a number of new initiatives within its proprietary offering, including the dissemination of sponsored surveys, Lightning Insights, insights-driven media as well as sponsored actions – all of which have contributed to the platform’s dramatic increase in monetization in recent months.

Leading up to the 2019 holiday season, global food & beverage giant Kraft Heinz Co. approached SRAX for assistance with its newest marketing campaign, one which would be tailored towards women located in a certain area and professing specific interests. Through the use of over 100 proprietary data points, SRAX’s BIGtoken platform was able to formulate a target audience for Kraft’s campaign which met the company’s desired criteria. The campaign was a notable success, resulting in a 6.6% ROAS for Kraft (http://ibn.fm/M6bc2). Kraft’s marketing campaign success was even more remarkable given that it was run concurrently with two other advertising initiatives, led by Walmart and Evite respectively, both of which failed to produce positive returns. Within an extremely competitive consumer packaged goods (CPG) industry, BIGtoken’s insights were instrumental in contributing to the marketing campaign’s success and driving new consumer activations.

“BIGtoken has evolved from a consumer opt-in data platform for advertising activation to a full-service marketing stack,” said co-founder of BIGtoken Kristoffer Nelson. (http://ibn.fm/cneW5). “Beginning with audience insights, marketers can discover profound insights about their target audience to activate against. From here, new insights and learnings are applied inflight to improve performance. And once the campaign concludes, locations and sales measurements are applied to further learn, optimize and iterate.”

However, BIGtoken’s abilities have not been limited to determining target audiences. During the COVID-19 outbreak, marketers and data analysts found themselves blindsided, unable to gain insights into their end consumers’ rapidly changing behavior as a significant proportion of their conventional tools were rendered largely useless by nation-wide ‘shelter at home’ orders.

Publicis Groupe, one of the world’s largest advertising firms, seized the opportunity to carry out a unique study utilizing BIGtoken’s Lightning Insights service, examining consumption patterns and customer behavior surrounding the Mother’s Day celebrations in May (http://ibn.fm/b3uRP). The study found that 84% of respondents had celebrated Mother’s Day 2020 in some way, with over 68% of respondents sending gifts, gift cars, or food to their loved ones – the majority of whom chose to do so through online means.

Marketers are increasingly able to use BIGtoken to gain rapid and insightful feedback into their target consumer group’s consumption habits, their planned purchases as well as their preferred acquisition methods. With global consumer brands increasingly on the lookout for newer and more creative ways to interact with their potential consumers (http://ibn.fm/6y2Vx), SRAX’s BIGtoken platform and the valuable insights generated by its captive subscriber base could find itself in greater demand than ever anticipated.

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

PowerBand Solutions Inc.’s (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Platform Meets Used-Car Buyers’ Demands for Enhanced Tech, Experience

  • The used-car segment is twice as big as the new-car market, and digitally savvy consumers are looking for a faster, more transparent purchasing process
  • Used-car buyers tend to research a new purchase online and rely less on in-person salespeople
  • PowerBand Solutions’ cloud-based platform is a reliable online alternative to the dealership experience, offering users complete control over the purchasing process by streamlining the interactions among all participants and eliminating unnecessary middlemen

The automotive industry market has been in a state of flux, with every aspect experiencing disruption from driverless vehicles to artificial intelligence. Customer expectations for the market have been raised as technological innovation advances. Digitally savvy customers, who have come to expect personalized, flexible and seamless interactions during the purchase experience, are already changing how automobiles are bought and sold – especially when it comes to used vehicles. Platforms like PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) meet this growing demand for flexible and seamless interaction, enabling users to buy or sell cars with never-seen-before ease and efficiency.

According to McKinsey & Company research, the digital revolution is disrupting used-car retailing by focusing not only on technology but also on the importance of the customer experience. Online car providers are already empowering digitally-savvy customers in this respect, offering a range of complete services that enhance the purchasing experience (http://ibn.fm/dGhVf).

More specifically, online providers offer extensive vehicle data and effective search tools to find the right car (desired by 64 percent of buyers), complete end-to-end purchasing capabilities (desired by 59 percent of buyers), and unique delivery options (desired by 28 percent of online buyers).

According to the McKinsey research, titled ‘Used cars, new platforms: Accelerating sales in a digitally disrupted market’, used-car buyers spend about 40 percent more time researching online during the buying process than new-car buyers. Part of the reason for this might be that only 8 percent of used-car buyers rely solely on in-person salespeople when purchasing a vehicle; the rest make decisions based on their own prior research. Used-car buyers expect a faster, more transparent, and more convenient process. Introducing digital tools to simplify and shorten the process will improve customer satisfaction and insurance penetration rates.

As more used-car customers expect the same seamless digital service they receive throughout other retail markets, used-car retailers will adapt to remain competitive and protect profits, as well as finance and insurance margins. To do so, retailers must find opportunities to leverage the digital-oriented nature of used-car buyers and their desire for advanced technology. Adapting to the new demands will be beneficial to car traders and dealerships, as the used-car market is growing exponentially in the United States and is already twice the size of the new-car segment. According to McKinsey, Americans buy 39.4 million used cars each year, compared to 17.3 million (data from 2018), and the trend is likely to continue over the next five years.

The results of the McKinsey research confirm the trend of a rising demand for online vehicle trading alternatives. According to the ‘Digital Commerce 360 Online Vehicle Shopper 2019’ survey, conducted among 1,089 buyers, 49% are willing to purchase a new vehicle entirely online (http://ibn.fm/ETcN4). According to Frost & Sullivan, consumers may purchase as many as 1.3 million vehicles annually online as soon as 2035 (http://ibn.fm/xtLMq), and nearly 90% of Americans report they dislike the car dealership experience, noting they feel anxious or uncomfortable in dealership settings.

PowerBand is positioned to capitalize on these trends by disrupting the antiquated business model of the automotive industry, replacing distrust and confusion with transparency, access to information and ease of use. Developed by a team of experienced automotive, technology and finance experts, PowerBand Solutions’ platform empowers the consumer to self-direct a transaction, by streamlining the interactions among all participants and eliminating unnecessary middlemen. The platform allows consumers to sell, buy, lease, auction and finance vehicles with never-seen-before simplicity, speed and cost-efficiency from their smart phones or other devices, irrespective of their location.

The company is currently rolling out its platform in the United States and to this end, it has partnered with Source Digital, a pioneer in immersive commerce through the use of digital media platforms and video content on the internet (http://ibn.fm/zt4Na). This unique campaign will use Source’s patented technology to promote PowerBand’s platform inside popular video content with various channels and influencers in the U.S.

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

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

Trxade Group Inc.’s (NASDAQ: MEDS) Pharmaceutical Marketplace Continues Profitable Expansion

  • Revenues for Q1 2020 up 46% year over year
  • Gross profit of 75% shows viability of business model
  • Close to 12,000 independent pharmacies now using online marketplace

Stellar results recently reported by Trxade Group Inc. (NASDAQ: MEDS) are an indication that, increasingly, independent pharmacies, drug distributors and manufacturers are turning to the company’s web-based purchasing platform. At $2.2 million, revenues for Q1 2020 were up 46% year over year, with gross profit coming in at an extraordinary 74.4%. Now that more than 11,900 pharmacies are using the marketplace, Trxade seems set to fulfil its mission of signing most of the nation’s 24,000 independent pharmacies. If so, the company’s combined annual purchasing power of over $92 billion would make Trxade the nation’s premier marketplace for America’s vital pharmaceutical supplies.

Both for patients and pharmacists, the pharmaceutical marketplace that Trxade provides is a welcome adjunct to the healthcare sector. The online platform not only identifies the best available prices for prescription drugs, a constant concern of patients, but helps pharmacists avoid negative reimbursement costs, which reduce their profit margins. The fact that close to half of the nation’s independent pharmacies are already using the Trxade marketplace appears to be proof that the company is offering a superior solution to reduction of margins due to Prescription Benefit Managers (PBMs) via cost containment and better pharmaceutical accessibility.

Once unknown in the healthcare financing landscape, PBMs now dominate the U.S. health sector. Many PBMs have revenues that exceed those of the top pharmaceutical manufacturers. For example, Express Scripts reported revenue of $100 billion in 2017, about twice as much as Pfizer, which is the largest pharmaceutical company in the world. Incredible as it may seem, the distribution of pharmaceuticals is a much more lucrative business than the manufacture of pharmaceuticals. Indeed, distribution margins also exceed those earned by pharmacies at the retail level.

This isn’t the way it was supposed to work. The introduction of PBMs, third-party administrators of prescription drug programs, was intended, among other things, to reduce the purchase costs of drugs by consolidating their buying power. However, instead of driving costs down, PBMs appear to be doing the opposite. Over the past decade, independent pharmacies have experienced declining margins, due mostly to rising fees from these very same PBMs.

Now, however, Trxade is giving pharmacies a real opportunity to actually reduce purchase costs, along with other benefits. The integrated pharmaceutical services company provides its web-based purchasing platform for transactions between independent pharmacies and drug distributors. Known as the Trxade Exchange, the platform provides small pharmacies with access to the wider pharmaceutical distribution network, allowing them to search for and view products from manufacturers, buying groups and wholesalers on a real-time, continuous basis. In addition, through the Trxade E-Hub software, users of the Trxade Exchange become members of a network of associated pharmacies, as well as gain access to warehousing and drug-delivery services.

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

Predictive Oncology Inc. (NASDAQ: POAI) CEO Discusses Acquisitions, Exclusive Database of Historical Tumor Data in Recent Interview

  • POAI boasts unique historical database documenting actual drug responses of tumors – the largest in the world with over 150,000 tumors across 137 types
  • Drug discovery funding for subsidiary Helomics planned through relationships with large pharmaceutical companies
  • Company planning to acquire two new biological firms in the precision medicine space

Predictive Oncology Inc. (NASDAQ: POAI) is a knowledge-driven medicine company focused on applying data and artificial intelligence (AI) to cancer personalized medicine and drug discovery. In a recent interview (http://ibn.fm/fKe3u), POAI director and CEO Dr. Carl Schwartz discussed the acquisition of two biological firms, along with details about the company’s proprietary Helomics database. Comprised of hundreds of thousands of tumors across numerous cancer types, this key asset gives the company a significant advantage over its competitors in the precision medicine industry.

“Predictive’s major asset is its Helomics subsidiary and its proprietary database of over 150,000 cancer tumors covering over 137 types of cancers, with over 30,000 tumors related to ovarian cancer, which is sort of our specialty,” Schwartz stated of the database, which was created as a result of Helomics clinical testing of drug response and biomarker profiling of tumors ordered by a nationwide network of oncologists. “This is the largest inventory of its kind in the world.”

“The results of this tumor profiling were reported to the referring oncologist and used as a guide to individualizing the therapy of that patient,” Schwartz explained.

As part of its research into building AI-driven predictive models of tumor drug response and outcome (http://ibn.fm/kDL1Q), Helomics is generating additional, deeper genomic profiling of tumors in its collection and coupling this with a ‘reach back,’ to the originating oncologist to obtain the eventual outcomes of the patients over an extended period of time. The retrospective project with UPMC-Magee is one of the first such examples of this (http://ibn.fm/93NFU).

“I want to strongly emphasize that Helomics has a significant competitive advantage in obtaining outcome data via ‘reach back’,” stated Schwartz. “Unlike other companies that have to wait for up to 5 years or more for the patient to go through treatment to get quality outcome data, we have historical data from 15 plus years of clinical testing available now,” he emphasized, referring to the proprietary database and AI-driven predictive models that are of particular interest to pharmaceutical companies for drug discovery, giving POAI a significant advantage over other competitors in the precision medicine space.

POAI aims to fund the research activities of Helomics through a path similar to that taken by Foundation Medicine and its collaborative research relationship with Roche Pharmaceuticals. As its Helomics subsidiary continues its CancerQuest 2020 project with UPMC Magee Women’s Hospital, it is also collaborating with Interpace Diagnostics to build an AI-driven model of thyroid cancer and with ChemImage to investigate novel prostate cancer diagnostics.

The company has also invested in TumorGenesis, a second wholly owned subsidiary, in addition to engaging in the process of acquiring two other biological firms: Soluble Therapeutics and BioDtech.

The details discussed in the interview demonstrate POAI’s ability to validate its process, Schwartz noted, mentioning the company’s intent to “go to the pharma industry for major funding for development of AI-driven predictive models based on our extensive database.”

“We’re pretty excited about this. We think we’re going to finally get to the top of the heap here very shortly,” he concluded.

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

For more information, visit the company’s website at 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

International Spirits & Wellness Holdings Inc. (ISWH) is “One to Watch”

  • ISW Holdings’ goal is to create successful companies and partnerships in various disrupting industries, including crypto, health care, wellness, supply chain management, adult beverages and more.
  • Company leverages a combination of expertise, innovative resources, and software to build and guide brands toward success in their respective markets.
  • Currently established as a technology, home health care and wellness company with a focus on reshaping different sectors by implementing innovative products and services to anticipate the future needs of the market.
  • Recent joint venture with distributor of top-selling bitcoin mining equipment provides additional opportunity to take advantage of the incredible growth projected for the crypto market.
  • ISW Holdings is uniquely positioned to tap into these markets due to its innovative approach and methodology that encompasses scaling of all operations throughout the essential stages of market development.

International Spirits & Wellness Holdings Inc. (OTC: ISWH) (“ISW Holdings”) is a brand management portfolio company with diverse partnerships that focus on growing businesses in multiple sectors, including crypto mining, renewable energy, home health care for the chronically ill, wellness and restoration, and the adult beverage industry, as well as early-stage operations in supply chain and logistics management. ISW Holdings operates as the nexus between its partnerships and their essential services for end users.

Mission

The company’s core mission is to enhance these sectors by implementing innovative services and products ready to meet the demands of a changing world. To that end, ISW Holdings leverages its strategic expertise, resources, and innovative software to establish market-leading companies and partnerships, which ensure their success in their chosen industries. This enables the company to return maximum shareholder value with its focus always on its partnerships’ various sector volatility.

The Revolution

Positioned to create industry leaders, the company’s process entails strategic development and aggressive early growth of its partner brands to establish them as profitable and viable. ISW Holdings’ method is to nurture emerging partner brands through the essential stages of market development (from conceptualization to distribution) in sectors relevant to today’s marketplace. In addition, the company has a holistic approach to business development, with every strategy being delivered person-to-person from developers to end users.

The Challenge

The company’s goal is to turn its target audience into loyal consumers by ensuring transparency and a clear understanding of its products and services, thus creating visibility, credibility, and trust.

ISW Holdings’ Innovative Approach

ISW Holdings has diversified positions in its partnerships across technology, health care, wellness, renewable energy, and the adult beverage sectors. The company seek to provide industry leading modern solutions to its clients and sound business practices to its partners. This is accomplished through an early growth platform that cultivates its partnerships with the necessary resources and expertise to expand exponentially.

ISW Holdings’ Opportunity

The company’s opportunity is considerable. In the ever-changing high demand global marketplace, the need for timely innovation is critical. ISW Holdings’ portfolio brand management and creative thinking has allowed the company to develop and deploy enterprises that meet the needs of 21st century consumers. Through a fully vetted system of scalability, it is able to meet consumer demands with turn-key solutions.

Portfolio of Partnerships and Businesses

ISW Holdings’ diverse portfolio reflects the growing demand for essential services in a dynamic modern operational landscape. With partnerships that incorporate a depth of experience and industry insight, ISW Holdings has established itself as a portfolio company in technology, home health care, and wellness, with a focus on reshaping industry benchmarks.

Bit5ive

ISW Holdings operates a joint venture with Bit5ive, a global leader in cryptocurrency mining. As an official distribution partner of Bitmain (the industry’s leading fabless manufacturer of computing chips and distributor of Antminers to more than 30 countries in Latin America, Central America, and the Caribbean), Bit5ive is quickly becoming one of the largest U.S.-based companies in the cryptocurrency mining and bitcoin farm sectors of the market.
Valued at $293.66 million in 2019, the bitcoin technology market is expected to reach $477 million by 2025, according to Mordor Intelligence. The joint-venture agreement enables ISW Holdings to collaborate with the experienced team at Bit5ive to innovate the infrastructure needed to run profitable and efficient crypto mining projects.

Proceso, LLC

With a growing awareness of the importance of renewable energy worldwide, ISW Holdings has partnered with Proceso, LLC to create high-density processing and mobile data centers powered by renewable energy. These innovations will allow Proceso to offer lower-cost and diverse services to its clients, including hosting and colocation services to growing sectors such as the gaming industry and cryptocurrency mining – two fields with a typically high energy demand.

Because crypto mining companies mostly operate outside of the United States with higher asset security risks, Proceso will assist these entities in securing their investments by providing a local source of power and infrastructure development. This is aimed at helping to reduce power consumption while creating secure crypto mining data centers in the U.S. For the gaming industry, Proceso is ready to tackle one of its biggest problems, latency, by building next-level infrastructure in key locations.

PHH – Home Health

PHH Paradigm Home Health answers the growing need for homecare services in a world where health care delivery is changing and an increasingly large aging community is looking for efficient and effective ways of accessing health care. PHH aims to be at the forefront of this change by offering quality care services infused with new emerging technologies.

ISW Holdings’ home health division is currently developing a pilot for on-demand health care, which consists of a dedicated, stable platform for different medical services. The platform will offer greater freedom of choice and transparency by allowing users to find outpatient clinics in their vicinities, compare costs, and pick the most suitable choices. PHH is also developing specialized technology and tools to support health care services outside of the bounds of specialized facilities by focusing on homecare facilities. This can not only shift the burden from hospitals and clinics, but also streamline specific parts of the health care process to enhance service and product distribution.

VOLUM

ISW Holdings’ logistics and supply chain management division was designed with the core goal of increasing supply chain efficiency as one of the key aspects of successfully growing any business. The VOLUM project’s focus is on identifying and then implementing advanced supply chain management strategies and methods that will enable ISW Holdings’ partner companies to scale and grow exponentially. To achieve this goal, the company develops and offers reliable systems and solutions that create innovative technologies and unmanned system operations for overall higher cost-effectiveness.

In the wellness sector, ISW Holdings has opted for a two-pronged approach to create effective, technologically advanced products, as well as developing innovative ways to educate customers about these products. To this end, ISW Holdings has partnered with BioPulse to achieve state-of-the-art research and development and production capabilities, as well as a direct route to market. The company plans to design and launch up to five unique brands in the wellness and restoration sector in 2020.

ISW Holdings is committed to developing product and service innovation in the consumer spirits and adult beverage industry, which faces increasingly strict regulations but growing demand. The company has been a key innovator in the industry for 25 years, having grown successful luxury brands such as Besado Tequila and others. By leveraging its expertise, ISW Holdings can help companies in the adult beverage industry increase production, streamline their supply chains, implement better processes, innovate their marketing strategies, expand into new areas, and build sustainable relationships with partners and customers.

Management Team

Terry Williams, Chief Executive Officer and Director
Terry Williams brings to the company more than 30 years of experience in accounting and information systems, logistics, insurance, and transportation. With a Bachelor’s and Master’s degree in accounting and management information systems, Williams amassed considerable corporate experience at United Parcel Service, where he took several logistical roles, including controller, where he managed more than 2,000 employees and a budget of more than $10 billion.

Williams also serves as president of Airwave Transportation and logistics and chief financial officer of AVI Insurance Caribbean, and he has worked in over 37 domestic and international airports. In 2013, he received the National Airport Minority Advisory Council Award for mastering skills in the aviation industry.

Alonzo Pierce, Chairman
Alonzo Pierce is chairman of ISW Holdings and brings a wealth of business development and wealth management experience to the ISW team. He has spent the past 20 years building recognizable brands in multiple industry sectors. He has launched enterprises in life-styled brands which were delivered to high-profile, high-net worth families and individuals. He has worked in the adult beverage industry, establishing a formidable background in marketing and brand creation. Pierce has a B.A. from Baylor University and has received multiple awards in the adult beverage industry, including ‘Outstanding Sales Performance in the Southern Region’ for Sapphire Brands, including selling the world’s only black vodka. He served as regional director for Sapphire Brands, covering the Southwest and Southeast regions. Pierce also served as a national liaison to a Super-Regional Bank’s private wealth division. In addition to his for-profit endeavors, Pierce has served on multiple charitable boards, sourcing funding for JRA, food insecure families and housing insecure families.

Kristina Mahoney-Brown, Secretary, Treasurer, Director
Kristina Mahoney-Brown is secretary and treasurer as well as director of ISW Holdings. With more than 20 years of experience providing tax and financial consulting to real estate companies, as well as investors, developers and construction companies, Mahoney-Brown has gained solid business expertise and market knowledge and prides herself on staying abreast of the latest industry trends. Her professionalism, impeccable work ethic and advanced marketing strategies have earned her the nickname ‘The Tax Diva’. Mahoney-Brown has a Bachelor’s in accounting, a Master’s in taxation and a Master’s in business administration, specializing in personal financial planning.

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

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

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Nano-X Imaging CEO and Directors Report Open-Market Share Purchases

September 30, 2026

Nano-X Imaging Ltd. (NASDAQ: NNOX) today announced that recent SEC Form 4 filings disclosed open-market purchases of the company’s ordinary shares by Chief Executive Officer Erez Meltzer and Board Director Dan Suesskind. These purchases are in addition to other open-market purchases of Nano-X ordinary shares by company insiders including Erez Meltzer, Dan Suesskind and Board […]

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