• SHRM appoints top depression researcher as new chief executive officer
• McIntyre established Canada’s first-ever center to provide rapid-onset treatments for individuals with mood disorders
• Champignon also announces appointment of new board member

Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a Canada-based company dedicated applying novel and natural treatment protocols with an emphasis on psychedelic medicine, has appointed one of the world’s top researchers on depression as its new chief executive officer (http://ibn.fm/rureS). In his new role, Dr. Roger McIntyre brings impressive experience in the ketamine and psychedelic medicine space, a key focus area for Champignon.

“My overarching aim as chief executive officer is to establish Champignon as the apotheosis of integrated ketamine treatment delivery and the commercialization of our own IP psychedelic-based treatments,” McIntyre stated in a news release. “The clinical infrastructure, complementary asset base and human capital that Champignon has acquired leaves me very confident we will provide life-changing treatments for persons with depression, all the while contemporaneously rewarding our investor base.

“I have been honored as a professor of psychiatry and pharmacology at the University of Toronto, as well as a professor at universities across the United States and Asia and currently head the world’s largest clinical R&D network in depression,” McIntyre continued. “The Canadian Rapid Treatment Centre of Excellence [CRTCE], that I envisaged and successfully implemented, is the world’s first integrated clinical and R&D centre in ketamine and psychedelic-based treatments and is identified as the most influential scientific center for depression research.”

A professor of psychiatry and pharmacology at the University of Toronto and head of the Mood Disorders Psychopharmacology Unit at the University Health Network in Toronto, McIntyre also serves as executive director of the Brain and Cognition Discovery Foundation in Toronto; director and chair of the Scientific Advisory Board of the Depression and Bipolar Support Alliance (DBSA) in Chicago, Illinois.; professor and Nanshan scholar at Guangzhou Medical University; and adjunct professor at the College of Medicine at Korea University. McIntyre is also a clinical professor at the State University of New York (SUNY) Upstate Medical University, Syracuse, New York, and a clinical professor in the Department of Psychiatry and Neurosciences, at the University of California Riverside School of Medicine.

McIntyre has been named one of the World’s Most Influential Scientific Minds each year from 2014 to 2019 by Clarivate Analytics. He is renowned as one of the world’s most recognized psychiatrists in relation to mood disorders, and has garnered extensive experience collaborating with private-sector partners, including those in the pharmaceutical, insurance and health-care industries.

“We are extremely pleased and fortunate to be able to bring Dr. McIntyre aboard as CEO,” added Gareth Birdsall, who has been serving as Champignon CEO and will continue in his service as director of Champignon. “Dr. McIntyre is the world’s leading authority on depression and associated mood disorders, which is further crystalized by his foresight in founding Canada’s first integrated mood disorder treatment and integrated research center in the CRTCE. Dr. McIntyre’s clear ability to execute and his entrepreneurial nature, along with a demonstrated capacity to lead and delegate in dynamic and growing organizations, represent the skill sets that Champignon needs as it moves towards our North American clinic expansion and maturing novel drug discovery initiatives.”

In addition to the appointment of McIntyre, SHRM also announced that it had appointed Pat McCutcheon as a member of its board of directors (http://ibn.fm/SHUNQ). McCutcheon currently serves as CEO of MediPharm, a leading global cannabis company. McCutcheon founded MediPharm with the objective of building the first pure-play cannabis company focused solely on extraction and API manufacturing.

“I am excited to join the Board of Directors of Champignon given its leadership position with the only licensed operating ketamine clinic and integrated research centre of its kind in Canada,” said McCutcheon. “I look forward to working with the board and the company’s management team to advance Champignon’s clinical development and expansion program in the US and Canada. I also look forward to assisting the company with its plan to evaluate other assets and new partnerships that will expand its pipeline in the rapidly emerging ketamine and psilocybin for mental health industry that has demonstrated strong potential in a short period of time.”

Prior to his work at MediPharm, McCutcheon held top management roles with several large pharmaceutical companies, including Jansen Pharmaceuticals (Johnson & Johnson), Sanofi and Astra Zeneca, where he was directly responsible for launching a wide range of medical products.

“We are tremendously pleased to have Pat join the Champignon Board,” said Birdsall. “His extensive experience in commercial development across the pharmaceutical industry combined with direct experience operating and scaling highly profitable businesses further strengthens our board with expertise that will accelerate the expansion of our clinical footprint via the establishment of net new clinical entities, as well as industry partnerships for ketamine, psilocybin and MDMA.”

Champignon seeks opportunities to promote the health and wellness benefits of functional mushrooms, which are used in a wide variety of health-care and pharmaceutical products. The company’s flagship e-commerce store, VitalitySuperTeas.com, takes advantage of the burgeoning craft mushroom industry with a selection of mushroom-infused teas and accessories; SHRM is also expanding its preclinical trial pipeline and branching out into alternative medicine and pharmaceuticals.

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

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

• Innovative energy-management system producer announces deal with agricultural technology pioneer Clean Seed to expand technology to new industries, markets
• XRO’s technology improves speed, torque and efficiency of electric motors
• XRO is entering commercialization phase; targeting at least eight commercial deals for 2020.

Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), a Canadian-based technology pioneer developing an innovative energy-management system, has recently signed a collaboration and supply agreement with Clean Seed Capital Group Ltd. Under the agreement, Exro’s solution will be integrated into Clean Seed’s high-tech agricultural seeder and planter platforms, putting this innovative agricultural equipment manufacturer at the forefront of sustainable agricultural innovation. The integration of Exro’s groundbreaking technology will improve Clean Seed’s SMART Seeder(TM) performance by reducing the power requirements to operate its innovative tools.

“This is another step in the commercialization of Exro’s technology that will expand the capabilities of the world’s electric motors,” Exro CEO Sue Ozdemir stated in a news release announcing the landmark deal (http://ibn.fm/KMEkD). “Clean Seed is a pioneer in improving the efficacy and sustainability of farming. With this new agreement, we will, together, electrify the industry to maximize its potential, driving better productivity and efficient use of energy.”

XRO has developed, patented and implemented its proprietary technology, which converts energy in novel ways to improve the performance of electric motors and generators. The technology enhances electric motor performance to make electric motors smarter with an advanced control algorithm that controls electric motor coils through individual coil switching. There is an enormous demand for Exro’s technology with a massive total addressable market comprising more than one billion cars (http://ibn.fm/170Ub) and hundreds of millions of elevators, diesel generator sets and industrial motors.

Exro’s emphasis for 2020 is progress in the commercialization of its exclusive technology. The new partnership with Clean Seed Capital Group is a major step in that direction, as its unique solutions open up a new realm of opportunities for the agricultural sector.

An innovative agricultural technology pioneer since 2010, Clean Seed is well positioned to introduce XRO’s revolutionary solutions. With the help of XRO’s unrivaled technology, Clean Seed is set out to electrify the agricultural industry, inspiring it to leverage the benefits of sustainable energy while increasing profitability through the reduction of input costs of the farming process.

“We continuously evaluate synergistic opportunities that would align with and drive Clean Seed’s mission of facilitating progress in agriculture through the design, development and implementation of industry-altering technologies rooted in a sustainable foundation,” added Clean Seed CEO Graeme Lempriere, as he announced the collaboration. “This worldwide exclusive collaboration and supply agreement focused on the AG sector will set new benchmarks in the electrification of agriculture.”

This agreement represents Exro’s fifth commercialization deal, partnering the company’s technology with respected names in the agriculture, automotive, marine, electric-bicycle and recreational markets. With at least eight targeted deals, Exro will continue to move ahead with the commercialization of its revolutionary technology during 2020, attracting a lot of attention from the industry and investors alike as its solutions that provide lucrative benefits in multiple industries – automotive, public transportation, agriculture, wind energy, recreational and last-mile vehicles (http://ibn.fm/pQ3bh).

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

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

• InsuraGuest raises limit on Hospitality Liability Policy to $5 million
• Company plans to increase verticals served as demand for insurtech solutions increases
• Insurtech sector set to grow at CAGR of 43% to 2025

The announcement by InsuraGuest Technologies Inc. (TSX.V: ISGI) that it has raised the aggregate policy limit for the property and casualty section of its Hospitality Liability coverage is good news for hotel owners and vacation rental proprietors as well as their guests. InsuraGuest is carving out a vertical in the burgeoning insurtech space. Its Hospitality Liability insurance is just one way the company is contributing to the rapid rise of the digital insurance technology revolution.

Presently, many commercial general liability policies leave both owners and guests exposed to unexpected mishaps and misadventures. In addition, purchasing insurance may be the last thing on the minds of travelers and vacationers rushed to get everything one for their upcoming trips. However, offered through its wholly owned U.S. hospitality subsidiary, InsuraGuest Inc., InsuraGuest’s Hospitality Liability Policy can plug the gaps in existing coverage. With its umbrella-plus policy, the company is offering protection many traditional carriers won’t.

InsuraGuest’s Hospitality Liability Policy offers hotel owners and vacation-rental operators a way to protect properties which their guests can benefit from, a way that guests should welcome. Many travelers and vacationers overlook insurance through omission rather than deliberate choice, or they assume the property where they are staying will have proper coverage in case something happens to them. In a hurry with dozens of last-minute minutiae to attend too, most travelers aren’t focused on what could go wrong.

Hotels and Vacation Rentals purchase ISGI’s Hospitality Liability Policy, which protects the property and can benefit the guest if a covered incident were to occur. The specialized policy affords coverage for theft of personal property while in the guest’s room, as well as accidental medical expense and accidental death and dismemberment, up to policy aggregate limits of $5 million (http://ibn.fm/7DFJh). The novel insurtech product mitigates the risks that owners or management companies face if an accident or theft were to occur during a guest’s stay.

Presently, InsuraGuest is focused on the B2B hotels and vacation-rentals sectors, where the company’s API integrates with clients’ property-management systems to offer guests this specialized guest protection policy. The InsuraGuest platform is currently capable of integrating with approximately 71 different hotel and vacation rental property-management systems, linking it to millions of rooms at properties worldwide.

In addition, the company plans to develop solutions for other verticals in the B2B insurtech sector. The insurance industry has been around since the 18th century and appears to have retained an approach and methodology perhaps more suited to that time. A handful of startups has demonstrated just how antiquated the industry is by eating into market share and amassing colossal revenues. For instance, 2-1/2 years ago, Lemonade, which provides renters insurance, had annual recurrent revenues of $1 million; now it’s a $3.5 billion company (http://ibn.fm/8Wr5K). Who said insurance was a dull business?

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

• From 2018 to 2019, the number of people who cut cable more than tripled
• Video on demand is seeing, predicting continued growth
• Company offering unique options such as ‘moviesodes’ and audition opportunities to app users

Amid the economic turmoil of today, one sector is consistently showing growth during the worldwide pandemic of COVID-19. Already valued at $56.55 billion in 2019, the video on demand (VoD) industry is predicted to reach $120.91 billion by 2025 (http://ibn.fm/Om9N8). With more people looking to social distance and stay at home, the industry continues to see a boom. These same customers are turning to smart television and apps that give them the freedom and financial flexibility to watch what they want when. This exodus is good news for companies such as The Movie Studio Inc. (OTC: MVES), whose business model includes subscription and advertiser video on demand (SVoD/AVoD) along with over the top (OTT) services.

As early as March 25, 2020, an article in Forbes predicted that COVID-19 would create a 50% to 70% surge of internet use, with streaming jumping up by 12% (http://ibn.fm/5mLSp). With the combination of smart television, apps, and more than 12,000 people cutting their cable cords every day, VoD is strategically positioned to explode, with one source noting that 1.6 million customers opted out of cable services in 2018, and, in 2019, that number more than tripled, passing 4.9 million (http://ibn.fm/Mz0Xy).

MVES is disrupting traditional media-content delivery systems with the intention to create a direct-server access platform of its own content for worldwide distribution. The company acquires, develops, produces and distributes independent motion pictures for worldwide consumption and is strategically aligned with distribution brands such as Amazon Prime, Showtime, MGM and others.

The Movie Studio App is available in the Apple App Store and the Google Play Store. The company releases movies in chapter format, which are called ‘moviesodes’. The Movie Studio App also offers a “audition to submission” feature, allowing users to have a role in an upcoming movie.

Based in South Florida, MVES is in preproduction for two films: Cause & Effect is about the seedy underbelly of Miami’s nightlife, while Pegasus, scheduled to be the company’s signature film, is about a young girl and a horse. MVES is currently the only major independent studio located in South Florida.

In addition to providing its own titles, MVES entered into a licensing agreement in April 2020 with FILMHUB, an online marketplace for film creators and streaming services. This allows for the viewing of FILMHUB’s catalog on The Movie Studio App in addition to MVES independent productions. This agreement also makes MVES titles available to FILMHUB and its associated OTT partners, providing a larger audience and fan base (http://ibn.fm/VOBCD).

Previously known as Destination Television Inc., The Movie Studio is strategically positioned to capitalize on the quickly changing viewing habits of audiences worldwide.

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

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

• NSRI 2020 season looking solid with three major contracts already awarded
• The contracts were awarded in 2019 in preparation for 2020 storm season
• The company’s Sustainable Green Team offers more than 40 years of next-level experience with mulch manufacturing, tree care and treatment

National Storm Recovery Inc. (OTC: NSRI) is well-positioned in 2020 for providing a first-rate solution for the treatment and handling of tree debris. The company already has three substantial agreements in place as it prepares for this year’s storm season. These agreements, and others the company will sign in coming weeks, encompass contracts regarding biomass recycling, emergency debris and tree-removal services, and tree trimming and removal services.

NSRI is at the vanguard of providing solutions for storm-recovery issues. The company’s three contracts will help mitigate the stress and clean-up required after major damaging weather events necessitate emergency debris and tree removal. Of course, the contracts also provide for regular quality tree service year-round as well, leveraging the company’s expertise in providing an environmentally friendly solution for the treatment and handling of tree debris, which is traditionally sent to local landfills and disposal sites.

Of note is that 2019 was a distressing year for tornado deaths, along with associated property and other asset damage, including tree destruction. Forbes reported that “tornado activity in 2019 was among the highest all decade, with the year’s tornado count ranking in the 75th percentile compared to normal” (http://ibn.fm/YjfDs). Moreover, another article reports that the Congressional Budget Office (CBO) estimates that government costs for hurricane damage are $28 billion a year and that these average annual damage costs will increase to $39 billion by 2075 (http://ibn.fm/icUPZ). Thus, NSRI has the protocols and solutions in place to provide its essential services in these times of great need when storm-recovery services are of paramount importance.

In an industry where need for essential services is rising, the contracts NSRI already has in place is a strong indication of the company’s value and credibility. On July 1, 2019, NSRI entered into a three-year agreement with one of the largest waste disposal companies. This agreement allows NSRI to lease the disposal company’s yard-waste facility to operate NSRI’s biomass recycling facility in Apopka, Florida. The facility’s grand opening took place on October 2, 2019 (http://ibn.fm/VNhaa).

Furthermore, NSRI was awarded a three-year contract with two one-year renewals from the town of Oakland, Florida, on August 14, 2019. This contract calls for emergency debris and tree-removal services.

In addition, NSRI was awarded a contract on September 10, 2019, as the primary contractor for the Orange County [Florida] Public Schools Tree Trimming and Removal Services. This contract is for a three-year term, also with two one-year renewals. The agreement encompasses 267 properties. These properties include schools, administrative sites and technical colleges as well as maintenance facilities.

Headquartered in Jacksonville, Florida, NSRI is a provider of storm/disaster recovery services. By way of its subsidiaries, the company provides tree services, debris hauling, biomass recycling and mulch-manufacturing services to governmental, residential and commercial customers. NSRI’s solutions, provided by its Sustainable Green Team, are based on sustainability.

NSRI’s commitment is to environmentally beneficial solutions to tree and storm-waste disposal (http://ibn.fm/drBRU). For investors, the company plans to expand its operations through a combination of organic growth, including its partnership with a nationally recognized waste disposal company and via strategic acquisitions. NSRI’s next-level experience with mulch manufacturing, treatment and caring for trees sets it on the right course for sustained growth.

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

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

• SGLB names software industry executive Mark K. Ruport as new CEO, president
• Ruport to focus on accelerating commercial adoption with strategic partners, amplifying Sigma Lab’s recent success
• Ruport uniquely qualified to oversee Sigma Labs during promising period of growth

Sigma Labs Inc. (NASDAQ: SGLB), a provider of in-process, quality-assurance software to the commercial 3D-metal-printing industry, has announced the appointment of Mark K. Ruport as CEO and president. In December, Ruport, a software industry executive with three decades of experience, was appointed SGLB’s executive chairman and a member of the company’s board of directors. This announcement completes the management transition process for the company (http://ibn.fm/oNSOj).

In his new assignment, Ruport will leverage his experience with public and private software companies to lead Sigma Labs through a period of significant growth and success. “The ability to have an immediate, tangible impact on Sigma Labs with the apparent adoption of its incredible technology in the marketplace is a unique and exciting opportunity,” Ruport said in a news release announcing his December appointment. “My focus will be on accelerating our commercial adoption with strategic partners and amplifying the recent success John [Rice] and his team have achieved. This blueprint is something I am very familiar with given my experience with disruptive companies in the software sector, and I look forward to working with the entire team at Sigma Labs to drive forward its strategic initiatives.”

Before joining the SGLB team, Ruport served as executive chairman of Content Analyst Company, a developer of advanced analytics software for searching and analyzing unstructured text; he played a key role in the company’s acquisition in 2017. Previously, he was president and CEO of Configuresoft, a venture-backed enterprise systems management company where he oversaw an OEM contract that later led to the acquisition of the company by EMC. Ruport has also served as chairman and CEO of Optika, a venture-backed enterprise-content-management company. In that position, he grew Optika from a start-up through an Initial Public Offering and a successful merge with Stellent Inc., which was subsequently acquired by Oracle.

This invaluable history of building companies through strategic relationships, joint development agreements, and innovative sales strategies makes Ruport uniquely qualified to oversee Sigma Labs during this promising period of growth.

“As evidenced by the recent progress with OEMs, end users and Additive Manufacturing integrators, our business is now at an inflection point that requires an industry veteran to amplify our success and accelerate our market penetration alongside strategic partners with a keen interest in our technology,” added John Rice, who previously served as Sigma’s CEO and president (http://ibn.fm/2b7YT). “Mr. Ruport’s long history of taking companies through various stages of growth will be invaluable as we enter the next phase of our growth cycle. We believe there is significant potential for shareholder value creation and look forward to unlocking this for our shareholders under Mark’s leadership.” Rice will continue in his role as nonexecutive chairman of the Board of Directors of Sigma Labs.

Sigma Labs is a leading provider of quality assurance software to the commercial 3D metal printing industry under the PrintRite3D brand. Sigma specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D(R) for 3D metal advanced manufacturing technologies. PrintRite3D(R) detects and classifies defects and anomalies real-time during the manufacturing process and informs the production manager of quality issues. Sigma Labs’ software product is a major catalyst for the acceleration and adoption of 3D metal printing.

For more information about Sigma Labs, please visit www.SigmaLabsInc.com

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

• SING enters joint venture with Box BioScience to fulfill existing hand sanitizer sales contracts
• Company leveraging growing popularity of 1606 Hemp cigarettes with increased distribution to new stores
• 1606 Hemp sales grew 133% this quarter and 233% in the current monthly period compared to last month

SinglePoint Inc. (OTCQB: SING), a diversified holdings company with operations in several high-performing market sectors, is back on track for growth in 2020 with plans to expand the launch of 1606 Hemp cigarettes with a new counter top display, along with distributing Simplex hand sanitizer in a joint venture with BOX BioScience. While many businesses struggle to scale the economic hurdles imposed by COVID-19, SING continues to update and innovate the sales strategies of its subsidiary businesses to increase sales, drive growth, and further develop the corporate brand.

SING’s expansion into hand sanitizer and disinfectant products through the joint venture with BOX BioScience reflects its commitment to delivering disinfectant solutions in response to COVID-19. The company’s offerings benefit its customers’ lives and are also environmentally friendly.

“One of the exciting things about doing the joint venture is that they have been doing this for a while, so they really have a great supply of product which we needed, and they also have some sales with some Fortune 500 companies,” noted Singlepoint CEO Greg Lambrecht during an interview on MoneyTV. “We are going to be getting some of that revenue in the joint venture, and it’s very exciting for Singlepoint.”

In addition to expanding its footprint in the consumer products space, SING’s hemp vertical is on track for growth, with sales expected to double this quarter as the company prepares to launch its new 1606 Hemp six-pack counter top display (http://ibn.fm/7krsk).

“The great thing about the hemp cigarette is, unlike tobacco, the hemp product can sit up on the counter,” commented Lambrecht in the interview. Made from broad-spectrum, American grown, harvested and cured hemp flower, the filtered pre-rolls are made with less than 0.3% THC and contain nearly 20% CBD in each pre-roll, providing a smooth alternative to tobacco products. With a fast-growing fan base of loyal users, the pre-rolls have seen a sales growth rate of 133% this quarter over the previous quarter along with a 233% growth in sales when compared with the same point last month.

“I was in that business for 30 years and actually took a cigar distribution company public on the Nasdaq,” explained Lambrecht. “We’re really excited about this box that we developed because this box is going to be able to sit right up at the counter. We’re going to be sending that out to our extensive store list, so I think in the upcoming weeks I’m hopefully going to really have some big results on some sales from some big chains and distributors that are going to take this product on.”

Besides the hemp and consumer healthcare spaces, SING also provides expertise and capital injections to fuel growth for its consumer products and solar energy subsidiaries. By helping its partner companies increase their market penetration, grow revenue, and improve cash flow, SING creates long-term value for its shareholders by providing opportunities to make diversified investments across a wide range of assets.

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

• UUUU released Q1 2020 results demonstrating strong balance sheet, extensive uranium inventory
• Energy Fuels is largest U.S. uranium producer and a leading vanadium producer
• UUUU’s White Mesa Mill is only conventional uranium mill operating in the U.S. today; also evaluating entry into rare earth elements space

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), the largest producer of uranium and a leading producer of vanadium in the United States, recently released its financial results for the quarter ended March 31, 2020 (http://ibn.fm/sflIK). The report shows a strong balance sheet with more than $48.4 million of cash, marketable securities, and uranium and vanadium inventories. In anticipation of the U.S. government’s plans to establish a domestic uranium reserve, the company strategically opted to not enter into any uranium sales commitments this year and is planning to add all 2020 uranium production to existing inventories. At current commodity prices, Energy Fuels inventories are valued at several million more than what is reflected on their balance sheet.

“At the end of 2020, we anticipate having nearly 700,000 pounds of uranium in inventory, which we hope to be able to sell to the U.S. government, or into otherwise improving uranium markets, at prices much higher than those we see today,” Energy Fuels President and CEO Mark S. Chalmers stated in a news release. “No other U.S. uranium miner has Energy Fuels’ balance sheet or the leverage to improving prices of our inventories.”

The proposed FY2021 federal budget, announced by President Donald Trump on February 10, 2020, includes a request for $150 million per year for the next 10 years to create a U.S. uranium reserve. This comes as part of an overall plan to revive and strengthen the U.S. nuclear fuel industry, as outlined in the U.S. Nuclear Fuel Working Group’s recently released ‘Strategy to Restore American Nuclear Energy Leadership’ report.

The report details a number of planned policy recommendations that include direct government purchases aimed at strengthening the domestic uranium mining industry in addition to preventing the dumping of Russian uranium into the U.S. via caps on Russian imports.

“Energy Fuels continued to be the clear leader in the U.S. uranium space during Q12020,” continued Chalmers. “We received excellent news from the U.S. government in February when President Trump published his budget for fiscal year 2021, which seeks appropriations totaling $1.5 billion over the next 10 years to create a new strategic U.S. uranium reserve.

“Energy Fuels has taken the leading role in obtaining the U.S. government’s support for U.S. uranium miners, spending more time and money on this initiative than any other U.S. uranium miner,” Chalmers added. “And this makes sense, since we have been the largest U.S. uranium producer since 2017, our assets have produced 34% of all U.S. uranium since 2006, and we have more proven facilities, more permitted resources, and more production capacity than any other U.S. miner.”

As part of its response to the president’s policy recommendations, the company is evaluating activities aimed at increasing uranium production at some or all of its production facilities, which include the currently operating White Mesa Mill, the recently operating Nichols Ranch in-situ recovery (ISR) facility, the standby Alta Mesa ISR facility, and the La Sal Complex and Canyon Mine. The policies recommended by the U.S. Nuclear Fuel Working Group represent the strongest levels of U.S. government support for the U.S. uranium mining industry since the 1970’s. Energy Fuels’ unmatched uranium production portfolio positions it to take the leading role in bringing U.S. uranium mining back to global prominence.

Based in Lakewood, Colorado, Energy Fuels holds three of America’s key uranium production centers: the Nichols Ranch (ISR) project in Wyoming, the Alta Mesa ISR Project in Texas, and the White Mesa Mill in Utah – the only conventional uranium mill operating in the U.S. today. These three assets have a combined annual licensed capacity of more than 11.5 million pounds of U3O8 per year. With an asset portfolio that boasts more uranium production facilities, in-ground resources, and production capacity than any other producer, Energy Fuels is in a unique position to continue as the leading producer of U.S. uranium in an era of viable transformation of the U.S. nuclear industry.

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

• SinglePoint Inc. announces entrance into financing arrangement to raise up to $7 million
• Funds are earmarked for refinancing the company’s existing liabilities at advantageous terms, funding new growth opportunities
• SING recently announced its subsidiary Direct Solar America is seeing 40 virtual appointments per week, extending nationwide footprint to 30 states
• Company expands its hemp-based product portfolio by launching Klen, an innovative line of hemp seed-infused hand sanitizers

SinglePoint Inc. (OTCQB: SING), a publicly traded company dedicated to acquiring businesses focused on emerging technologies, reported that it had successfully entered into a financing arrangement to raise up to $7 million (http://ibn.fm/S4Z4v), strengthening the company’s balance sheet in order to pursue further growth opportunities. The company, whose activities span a multitude of sectors including residential solar energy technology, hemp-based products and equipment as well as payment processing, has recently enjoyed a spate of success across its various businesses.

“Our recent acquisition, Direct Solar America, and our proprietary consumer product 1606 Hemp are both gaining traction and revenue growth, and access to capital will only enhance the market opportunities for both,” Singlepoint CEO and Chairman Greg Lambrecht stated in a news release (http://ibn.fm/QeXtt).

The capital raise will allow SinglePoint to refinance the company’s gross debt at significantly better terms while simultaneously providing the company with further capital for expansion within its existing businesses. Earlier this year, SinglePoint stated that its solar energy subsidiary Direct Solar America stood to benefit as the residential solar energy market responded to the ongoing global pandemic by pivoting toward servicing its customers through online sales.

In an industry (http://ibn.fm/HVFma) where previously “90 to 95 percent of closed sales had an in-person meeting of some sort,” Direct Solar issued the remarkable announcement that it was seeing as many as 40 customers a week through its online channels. Moreover, the shift to a virtual sales model has allowed the firm to expand its sales presence and national footprint to 30 states (from 13 previously) (http://ibn.fm/qyRqh), setting the company on pace to meet or exceed their total targeted solar bookings for the year.

SinglePoint has been equally adept at expanding its hemp-based product portfolio in response to the health crisis. The company has recently entered into a joint-venture agreement with Box Bioscience to create and market Klen (http://ibn.fm/aRl8N), an innovative new line of hemp seed-infused hand sanitizers, as it seeks to capitalize on the public’s rising awareness of the role hand sanitizers play in personal hygiene. With the global hand sanitizer market set to exceed $3.6 billion by 2026 (http://ibn.fm/sX4O1), Box Bioscience founder Ryan Cowell expounded on the business’ potential.

“We have seen multiple purchase orders and we expect an increase over the coming months as many retailers and businesses change protocols around sanitizing,” Cowell added (http://ibn.fm/V1H9A). “This is a true B2B play with nearly all businesses needing hand sanitizer for customer and employee protection.”

In 2019, SinglePoint reported revenues of $3.34 million and a record gross profit of $990 thousand, with the latter showing a 370% increase relative to the previous fiscal year (http://ibn.fm/g1pb6). Through its various investments and portfolio companies, SinglePoint has transformed itself into a proxy for investors seeking to capitalize on the exponential growth opportunities within payments, hemp manufacturing and renewable energy solutions. With the added infusion of growth capital as a result of its historic capital-raising, the company is well-positioned to benefit from opportunities arising within an increasingly volatile and rapidly evolving global marketplace.

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 held its FY2019 and Q1 FY2020 results conference call on May 4, 2020
• The company reported year-over-year revenue growth of 3% for FY2019
• SRAX Q2 revenues staged recovery despite COVID-19 woes due to innovative Stock for Ads program
• The company also saw increased traffic on, demand for BIGtoken platform as well as rebranded Sequire investor relations tool, both of which have witnessed strong uptick in sales in recent weeks

SRAX Inc. (NASDAQ: SRAX), a digital marketing company focused on providing consumer data-management services, recently held its FY2019 and Q12020 results conference call (http://ibn.fm/YOcxB). Despite unprecedented business challenges presented worldwide by COVID-19, the company was able to report strong results due to its product suite being ideally positioned to capitalize on the global shift to a fully digital economy in early 2020.

SRAX’s fiscal 2019 revenues of $3.6 million showed a 3% year-to-year increase while Q1 2020 sales fell to $350 thousand relative to the $592 thousand recorded in 2019, the latter decline largely a result of customers opting to defer their media spend to the second quarter. While first quarter revenues tend to mark the seasonal low for the company, SRAX was able to launch new initiatives, namely its pioneering Stock for Ads program and BIGtoken Lighting Insights platform, both of which have contributed to a significant sales rebound in the second quarter.

“The first quarter of the year tends to be seasonally adjusted, the lowest time of the year for the company […] most of the revenue from that time frame comes in the March area” SRAX Chairman and CEO Christopher Miglino stated in a news release. “Many of the companies that paused media in March when the pandemic was in full swing are beginning to launch those programs back up in May.”

A key driver for the company’s recent surge in marketing revenues has been its innovative Stock for Ads program, which has enabled customers to launch new media campaigns while paying with stock, thereby permitting companies to conserve cash. SRAX has sought to expand the scope of its program by tabling agreements with 31 banks and brokers, including the likes of B. Riley Financial Inc., who in turn have sought to promote and cross-sell SRAX’s marketing capabilities and Stocks for Ads program to their underlying client bases. Thus far this year, publicly-listed US companies have raised capital by selling stock at over twice the pace at which they did in 2019 (http://ibn.fm/AWQqH), a clear illustration of the popularity and potential of equity-based financing options.

SRAX also reported a strong uptick in the use of its BIGtoken Lightning Insights platform (http://ibn.fm/u96jf). The platform allows SRAX’s customers to harness the collective insights of BIGtoken’s 16.7 million registered users, providing brands with a prompt and deeper understanding as to its consumer mindset-related queries. CEO Christopher Miglino revealed that SRAX “saw our first substantial revenue for our BIGtoken product in Q4 of 2019,” with the company recognizing approximately $450 thousand in sales at a 50% margin.

SRAX highlighted the unique capabilities of their proprietary BIGtoken platform by referencing a recent campaign which the company carried out for Kraft. Through the use of SRAX’s BIGtoken tool, Kraft was able to launch an extremely targeted marketing campaign, resulting in a 6.6% return on ad spend (http://ibn.fm/EODi7). SRAX’s management highlighted the potential of its proprietary marketing solution by contrasting the Kraft campaign to those recently carried out by Walmart and Evite, which delivered flat and negative returns, respectively. Moreover, the company also revealed that the positive returns from the marketing campaign had prompted the client to subsequently follow through with a substantial purchase.

Moreover, SRAX seized the opportunity to elaborate upon the rebranding of its investor intelligence platform, SRAX IR to Sequire. The investor relations platform, which enables companies to identify, manage and communicate with their investor base in a unique and seamless manner, announced that it had gained 59 corporate subscribes to date, a remarkable 62% increase relative to the quarter ending September 30, 2019. The company further announced its addition of functionalities to the platform, including the ability for companies to take advantage of marketing services, exploiting the synergies existent within its various product offerings in a bid to maximize potential revenues.

In addition to its ongoing business lines, SRAX management also touched upon its 2018 sale of SRAXmd, which has since been rebranded as TI Health. SRAX has retained a 31% stake in the business with CEO Christopher Miglino attributing a carrying value to the asset of approximately $12 million following several quarters of 8% annualized growth. Remarkably, the value of the stake would be equivalent to nearly 50% of SRAX’s current market cap.

Finally, the company also revealed that it had been extremely diligent in safeguarding its business in response to the onset of the global pandemic in the first quarter. As of March, SRAX had implemented cost savings measures resulting in the elimination of over $3 million in annualized expenses while simultaneously identifying a further $600 thousand in cost cuts to be implemented in the coming months. Separately, the company entered into a $5 million debt financing agreement with B. Riley Financial Inc. to further safeguard its balance sheet liquidity while also announcing the procurement of a $1.1 million PPP loan at the beginning of May.

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