• Air travel industry facing a massive crisis as a result of the coronavirus pandemic
• New air travel regulations expected to slow down process considerably, driving more consumers towards road travel alternatives
• PowerBand and D2D cloud-based platform offers a convenient, efficient and safe option for buyers and dealers to buy, sell, lease and trade vehicles through their smart phones

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) has launched a new platform in the cloud that lets people buy and sell cars and trucks with never-seen-before simplicity, speed, and cost-efficiency. This couldn’t have come at a better time, as road travel is expected to grow considerably over air travel as a safer alternative in a post-pandemic world.

Experts are referring to COVID-19 as the ‘new terrorism’ because it triggered a crisis of a magnitude never seen before in the airline industry. According to a Forbes article, there are multiple changes needed before airports can reopen to commercial routes safely, and even then, boarding procedures may become too lengthy and cumbersome resulting in considerable delays (http://ibn.fm/sv0mX).

As per the report, it could take up to four hours to check in going forward. Ninety percent of interviewed experts expect slower turnarounds between flights due to the need to follow sanitary measures at airports and clean cabins thoroughly.

Airports will need to commission extensive all-biometric check-in systems for dropping off bags, ‘travel bubbles,’ or tunnels for disinfection. They must also install larger spaces for queues and waiting, ensure demarcation of the spaces for social distancing in corridors and concourses, install plexiglass or other protective barriers at customer service counters, and set up hand sanitation stations and thermal scanning to check crowds for fever-grade body temperatures. These are already in use in some major airports.

All of these measures are expected to result in plummeting demand for air travel services, making auto travel a more viable alternative. And with nearly 90% of Americans reporting they dislike the car dealership experience, saying they feel anxious or uncomfortable in dealership settings, the industry has turned towards online solutions. Online-only vehicle auctions experienced a 33% compound annual growth rate between 2013 and 2017 compared to just 2% growth of physical auctions. The number is expected to grow exponentially as people are looking for safer ways to buy and sell vehicles so as to avoid crowded dealerships.

PowerBand’s cloud-based platform addresses all of these needs, as it as specifically developed around the core belief that consumers prefer to conduct automotive transactions online and avoid interactions with unnecessary middlemen. The platform will allow consumers to sell, buy, lease, auction and finance vehicles from their smart phones or other devices, irrespective of their location.

PowerBand has already successfully launched and conducted ‘virtual’ auctions in the United States together with and D2D Auto Auction LLC. D2D is co-owned by PowerBand and Arkansas-based financier Bryan Hunt, director of J.B Hunt Transport. The highly successful virtual auctions, which started in April, testify to the speed and efficiency of D2D’s unique transaction platform (http://ibn.fm/WpH0k).

The company is now rolling out the campaign across the United States, having partnered to this end with Source Digital, a pioneer in immersive commerce through the use of digital media platforms and video content on the internet. 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. (http://ibn.fm/YIlmW).

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

• President Trump’s U.S. Nuclear Fuel Working Group recently released strategy aimed at revitalizing U.S. nuclear fuel and uranium industries
• Three-part strategy prioritizes strengthening uranium mining industry with $150 million earmarked for direct government purchases
• Energy Fuels is largest U.S. uranium producer with more production assets, capacity than any other U.S. company

The Trump administration recently declared its plan to revitalize the U.S. nuclear energy industry, including supporting uranium production, as outlined in a recent strategy report released by the U.S. Nuclear Fuel Working Group (http://ibn.fm/mvTrl). Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), the leading U.S. producer of uranium, is well-positioned to take a prominent role in the president’s plans due to having more assets, in-ground resources and production capacity than any other uranium producer in the United States.

With the goal of having the United States regain its international standing as a world leader in nuclear energy and nuclear fuel, the report outlines a strategy aimed to preserve and grow the U.S. nuclear fuel industry. Serving as a road map for regaining U.S. nuclear energy leadership, the three-pronged strategy begins with bold action to revive and strengthen the uranium mining and conversion industries, followed by investments in innovative nuclear designs and technology. The ultimate goal of these strategies is to reassert the United States into global nuclear markets currently being dominated by Russian and Chinese state-owned enterprises.

“It is within our power to pull America’s nuclear industrial base from the brink of collapse and restore our place as the global leader in nuclear technology, ensuring a strong national security position and buttressing our strength for generations to come,” states the report. Congress is expected to provided broad bipartisan support for these initiatives, which are designed to counter Russian and Chinese efforts to project power using their nuclear energy industries.

Strengthening the uranium mining industry – the first priority of the strategic plan – aims to end America’s near 100% reliance on foreign uranium through direct action taken to revitalize the industry. With the goal of leveling the playing field, so the U.S. can compete on the international market, the directives include purchases of natural uranium from companies such as Energy Fuels, sustaining conversion services, supporting the current fleet of nuclear reactors, removing strategic vulnerabilities across the nuclear fuel cycle and restoring the workforce.

Trump’s proposal to spend $150 million on a strategic U.S. uranium reserve will purchase uranium from domestic uranium producers that include Energy Fuels, the largest producer of uranium in the United States in recent years, and with assets that have accounted for over one-third of the nation’s natural uranium supply since 2006. With a licensed capacity of more than 8 million pounds of uranium per year, the company’s White Mesa Mill in Utah is the only conventional uranium mill in the country. Energy Fuels also owns and operates two ISR uranium facilities with an additional 3.5 million pounds of annual licensed capacity.

“Energy Fuels is the leading U.S. uranium producer, because we have proven assets with exceptional track records of production and environmental protection,” UUUU CEO Mark Chalmers said in a recent corporate presentation (http://ibn.fm/L9sCM).“Energy Fuels has been the largest producer of uranium over the last few years, and we have more uranium production assets and capacity to increase production quicker and on a greater scale than any other producer in the United States, by far.”

Headquartered in Lakewood, Colorado, Energy Fuels is the largest producer of uranium, and the leading conventional producer of vanadium, in the United States. The company’s asset portfolio boasts the most uranium production facilities and in-ground resources in the U.S., enabling the company to outproduce the domestic competition. With government plans currently in motion aimed at revitalizing the nuclear energy industry, UUUU is uniquely positioned to keep its role as the uranium production leader in the United States.

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

• MVES recently signed an agreement with FILMHUB
• This agreement allows the Movie Studio to license FILMHUB’s catalog for viewing soon on company app
• The Movie Studio is growing strategic partnerships throughout streaming media, movie industry to be released on proprietary Over the Top (OTT) Video on Demand (VOD) platform

The Movie Studio Inc. (OTC: MVES), a vertically integrated motion-picture production company based in Fort Lauderdale, Florida, recently signed an agreement with FILMHUB for the licensing and distribution of motion pictures (http://ibn.fm/LLdvn). In addition, the Movie Studio will license its catalog to FILMHUB for distribution by way of its online film marketplace.

“We are excited to begin to offer hundreds of titles on our OTT platform in addition to licensing our titles to FILMHUB and its associated OTT partners,” MVES studio president and CEO Gordon Scott Venters stated in a news release. “As we continue to grow shareholder equity by acquisition and strategic partnerships, we believe FILMHUB is a perfect partner for continued growth. We look forward to a long and mutually profitable and beneficial partnership.”

FILMHUB of Santa Monica, California, has its modern, technology-driven B2B (business to business) marketplace for filmmakers to reach streaming channels worldwide. FILMHUB has more than 12,000 titles available for licensing to more than 100 channels.

The Movie Studio App is a subscription, advertising-based (SVOD & AVOD) online streaming platform that features the Movie Studio’s library as well as other licensed content. Therefore, the Movie Studio’s agreement with FILMHUB is noteworthy because, with this agreement, MVES will license FILMHUB’s catalog for viewing on the app. FILMHUB’s platform takes the whole film distribution process online and adds smart data layers for discovery, automated asset fulfillment and payment processing.

Complementary to the Movie Studio’s acquisition, development, production and distribution of independent motion picture content, MVES is also establishing its own OTT VOD platform. The exclusive offering will consist of its own content along with aggregated feature films television programming and other media intellectual properties (IPs).

The Movie Studio’s growth-by-acquisition strategy includes purchasing legacy film libraries and controlling its revenue streams via server-driven, geo-fracturing worldwide territories and its own OTT platform. The company’s strategy also includes upgrading acquired films to 4K resolution and re-monetizing with “new” film content on popular VOD streaming platforms across the internet. Moreover, MVES’s strategy includes strategic partnerships and media content alignment with other OTT platforms and cross-collateralization of leverageable media assets for global distribution as well as producing microbudget motion picture content with considerable production value.

The expectation is that the worldwide video-streaming market size will reach $184.3 billion by 2027 and register a CAGR (compound annual growth rate) of 20.4% from 2020 to 2027. Increasing usage of videos in corporate training and in the education sector is expected to propel the market. The OTT segment held the largest revenue share and is expected to grow at the fastest pace over the forecast period (http://ibn.fm/mSomy).

The Movie Studio concentrates on acquiring, developing, producing and distributing independent motion picture content for global consumption through subscription and advertiser video on demand (SVOD/AVOD), over the top (OTT) platforms, foreign sales and various media devices.

MVES continues to focus on changing the way independent motion pictures are made and distributed. For investors, the potential for significant ROI exists as the commercial VOD (video on demand) technology owned by the company is an efficient means of distribution. With the aim of increasing overall revenues for all parties in the motion picture production and distribution channels, the Movie Studio is disrupting traditional media content delivery systems with its digital business model of motion picture distribution.

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

• Company has seen amazing four months of achievements commercializing its breakthrough technology
• XRO technology dramatically enhances performance of electric motors in boats, other watercraft
• Agreement takes Exro technology overseas, forms key partnership with one of transportation sector’s innovators in electric powertrain use

Two significant deals and an e-bike delivery have, in part, fueled an almost 50% stock increase for Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), a Canadian-based technology pioneer developing an intelligent energy-management system to dramatically improve the performance of electric motors and power trains. The company’s impressive performance has not gone unnoticed.

“Exro has had an amazing past 4 months of achievements commercializing its breakthrough technology into three electric vehicle areas: eBoats, eBikes, and eSnowmobiles,” wrote tech analyst Matthew Bohlsen in an Investor Intel article. The article, titled ‘Exro stock climbs 50% in the past 4 months as they commercialize their EV-related technology’, went on to note that “it would seem highly likely that eCars, eBuses, and eTrucks will soon follow.”

The article spotlighted three of Exro’s recent significant accomplishments: a partnership with the Templar Marine Group, a strategic agreement with electric snowmobile maker Aurora Powertrains Oy and the delivery of the first Exro-powered eBike to Motorino Electric.

The partnership with Templar is designed to optimize the performance of electrical engines in the multi-billion-dollar eBoat market (http://ibn.fm/aIRD4). “We believe Exro’s technology will dramatically enhance the performance of electric motors in boats and other watercraft,” said Exro CEO Sue Ozdemir. “The e-Boat sector is clearly growing as people look for solutions that are sustainable and also meet regulatory requirements preventing the pollution of our lakes, rivers and oceans.”

As a pilot project, Templar will integrate Exro’s system into Templar Marine’s water taxis as a pilot project, where the company expects to see a significant increase in motor performance for both the boat’s top speed, as well as improving range through increased system efficiency. Exro’s validated technology has already proven it can increase motor speed by more than 30%, which Templar Marine believes will be a major breakthrough in the eBoat sector.

The agreement with Finland’s Aurora will focus on increasing motor performance while decreasing future production costs for future production (http://ibn.fm/mxV9a). “We are very excited to now be entering the snowmobile industry, which sees more than one billion dollars of global sales annually,” said Ozdemir about this partnership. “This is also important as it takes Exro’s technology overseas to Europe and forms a key partnership with one of the transportation sector’s true innovators in the use of electric powertrains.”

The Aurora partnership involves adding Exro’s technology to the Aurora electric powertrain, a further move to global commercialization of Exro technology.

The delivery of the first Exro-powered e-Bike to Motorino Electric “should be of major interest to the electric vehicle industry, which is clearly becoming vital to our global transportation networks,” Ozdemir noted (http://ibn.fm/LvVYb). “In fact, it should be of interest to anyone who uses electric motors.”

These achievements mark significant milestones on Exro’s journey to success – milestones that are contributing to the company’s solid stock performance. “It looks like Exro Technologies has some huge opportunities ahead in 2020 to commercialize its unique technology into the electric auto industry,” Bohlsen concluded.

Exro is a company at the forefront of technology, which enables the transition to clean energy, creating measurable performance gains at the same time. As a company with exclusive technology that brings lucrative benefits in multiple industries – automotive, public transportation, agriculture, wind energy, recreational and last-mile vehicles – Exro is an attractive opportunity for investors seeking to leverage groundbreaking technology applied in a high growth market.

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

• Energy Fuels’ White Mesa Mill unique in North America in terms of diverse capabilities, licensing flexibility
• U.S. government has categorized REEs as critical to national defense, designated funds for development of REE-production capabilities
• UUUU plans to turn existing mill into “one-stop shop” for critical mineral processing, including REEs, uranium and vanadium, thereby reducing reliance on China

With its fully licensed and constructed White Mesa Mill (WMM), Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) is prepared to enter the Rare Earth Element (REE) industry. The move is in line with Energy Fuels’ strategic initiative to play a key role in bringing the REE supply chain back to the United States from China (http://ibn.fm/gO8ly).

“At Energy Fuels, we pride ourselves on being the leading U.S. uranium miner,” UUUU president and CEO Mark S. Chalmers stated in a news release. “But we’re also entrepreneurs, and there is literally no other facility in North America with the diverse capabilities and licensing flexibility of the White Mesa Mill. We are always examining ways to leverage this unique asset to generate cash flow. This is where we expect REEs will come into play.”

The White Mesa Mill has a 40-year history of processing ore streams with properties similar to REE ores. This puts UUUU in the ideal position to enter the REE sector, and the company has been approached by a number of REE companies and the U.S. government evaluating UUUU’s REE capabilities. The REE industry is built around producing a group of 17 chemical elements that have a variety of industrial, energy, military and defense uses, including automotive components, communications technology, clean-energy production, consumer electronics, weapons systems, advanced magnets, lasers and numerous of other applications.

While the company’s primary focus will remain on uranium mining and production, Energy Fuels is confident its Utah-based White Mesa Mill has capacity to diversify into REE processing. As the only licensed, constructed and operating conventional uranium and vanadium processing facility in operation in the country today, WMM can be a strategic player in re-establishing the U.S. rare earth metal industry. According to a 2017 report, China has controlled more than 90% of the global supply of REEs since the late-1990s and has placed restrictions on REE exports since 2010.

As part of this initiative, Energy Fuels plans to leverage its existing licenses, infrastructure, and capabilities at the WMM to also produce REEs. UUUU has already begun evaluating the feasibility of the production of REEs at WMM while maintaining its current business as the largest uranium producer in the United States. In 2019, the WMM was also the largest U.S. producer of vanadium, another critical mineral. The company has engaged Sydney, Australia-based ANSTO, one of the world’s leading experts in the REE sector and management of radioactive materials, to assist in testing, mineralogy, flowsheet development and pilot plant engineering at the White Mesa Mill.

A major impetus behind Energy Fuels’ desire to expand its operations is the fact that the U.S. government has said that REEs are critical to national defense, designating government funds to be available for private companies that develop domestic REE-production capabilities. A leader in the U.S. uranium mining industry, UUUU is seizing the opportunity for added growth and success.

While licensing appears to be the major obstacle to the construction and operation of REE-processing facilities in the country – uranium, thorium and other radioactive elements are often associated with REE ore streams – Energy Fuels believes that its WMM facility, which has 40 years of experience processing similar materials, can successfully meet the criterion to obtain required licencing for REE production.

“We believe we have the opportunity to turn the WMM into a ‘one-stop shop’ for U.S. critical mineral processing, thereby reducing our reliance on China,” Chalmers continued. “Perhaps most importantly, the WMM is already licensed, constructed and operating today, it has extensive experience processing and handling uranium and vanadium ores and other low-level radioactive materials, and we believe it can recover REEs under our existing mill license and existing permits with only minor or routine amendments required, if any. The Trump administration has prioritized bringing REE production back to the U.S., and they are willing to invest significant dollars into supporting domestic REE infrastructure. We believe Energy Fuels holds a distinct advantage as an early mover in this high-value, high-growth sector, and we look forward to engaging with the U.S. government on this important national security initiative.”

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

• Trxade Group Inc.’s technologically nimble health care platform and network help community-based pharmaceuticals meet the challenges of providing medications and medical consultation at lowering costs with efficiency and operational transparency
• The company’s year-end financial statement for 2019 shows revenues grew by nearly double over the previous year, and company officials expect to continue building on their success for 2020
• As the current novel coronavirus pandemic drives quarantine-like social distancing policies, Trxade’s telehealth services make it easier for patients to access licensed medical professionals from virtually anywhere via personal technology for consultation
• The company’s ‘Bonum Health Hub’ will include free prescription delivery to subscribers via Trxade’s DelivMeds subsidiary

Year-end financial results reported by Trxade Group Inc. (NASDAQ: MEDS) underscore the company’s expectations that 2020 will be a successful year of growth for the integrated pharmaceutical services firm (http://ibn.fm/wzTRs) despite the economic ravages industries are experiencing worldwide as a result of the COVID-19 pandemic.

Trxade reported a 94.1 percent increase in annual revenues at the end of 2019, primarily as a result of growth in fee income for medications listed on the company’s web-based market platform that enables trading among health care buyers and sellers of pharmaceuticals, accessories and services. Sales fees are associated with sales from generic, brand and other over the counter medications (http://ibn.fm/DpN4l).

Because 2019 was also the first year that revenues from Community Specialty Pharmacy’s operations were reflected across all 12 months of the year, the web-accessible pharmaceutical operation also was a significant driver in the year-end results. Trxade also saw operating income rise from a loss of $87,616 in 2018 to a gain of $125,244.

The growing smart technology utility of Trxade’s subsidiary operations is an exciting achievement, beginning to come online right in the middle of the worldwide pandemic threat that has led hospitals and clinics to scale back their accessibility in order to help prevent the spread of the virus, focus their resources on “essential” emergency services without becoming overwhelmed, and to reduce expenses related to non-essential employees during the pandemic-response interim.

Trxade’s ‘Bonum Health Hub’ availability as a service that lets patients obtain medical consultation via secure, privacy-enabled smart technology without the need for in-person clinic visits furthers health officials’ efforts to limit the spread of the novel coronavirus through “social distancing” measures while also ensuring that patients can obtain caregiver advice on health conditions and concerns (http://ibn.fm/kdwPr).

The service provides subscribers with three premium medical teleconferencing visits through Bonum Health and prescription delivery through the company’s DelivMeds same day/mail order pharmaceuticals service each month under the standard membership rate.

“With the seasonal flu outbreaks and the current coronavirus surge, patients are quick to brush off common symptoms, including cough, fever and body aches, as signs of a common cold; Telemedicine removes the barrier of self-doubt and complacency in the current climate of world-wide viral infections,” the company stated in a news release (http://ibn.fm/BrWLY).

In the meantime, Trxade’s sales department continues to add customers through direct marketing and customer training. The company’s common stock was approved for listing on The Nasdaq Capital Market in February, providing increased opportunities for investor acquisition.

“The market is slowly changing towards one where medications will become commoditized and influenced by price rather than the business relationships imposed by the dominant participants of the past,” the company’s financial statement adds. “We believe that pharmacies in due course will face increasing pressure to source medications as inexpensively as possible and improve operational efficiency. Trxade seeks to be in the forefront of solving these transparency and pricing concerns.”

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

• Uber Technologies is a decade into upending transportation models with its ride-sharing solutions operating in 67 countries, but has suffered the common difficulties stemming from this year’s global spread of the COVID-19 pandemic
• The company announced recently that it will transfer its electric bike and scooter division to Lime, a similar e-bike company in which Uber has held a minority interest
• The Lime transfer arrangement makes Uber the leading partner in a new $170 million financing drive by Lime, and opens the door to the possibility of Uber buying Lime in the near future at a specified price
• The agreement recognizes the growing importance of e-bikes to people affected by the pandemic and the resultant quarantine-like efforts to stop the virus’ spread through social distancing measures

Ride share pioneer Uber Technologies Inc. (NYSE: UBER) is among the multitude of transportation industry corporations battered by distancing protocols designed to arrest the spread of the highly infectious virus at the root of the current global pandemic. A recent financing announcement by the company shows Uber remains optimistic about the coming years, however, as it turns its attention to the rising popularity of electric bikes.

Uber is playing a leading role in an investment round for electric scooter and bike rental company Lime, merging the Uber electric bike and scooter division branded as Jump with Lime. Bain Capital Ventures, Alphabet and Alphabet’s venture capital arm GV are also involved in the financing round valued at $170 million, according to the May 7 announcement (http://ibn.fm/wzsos).

Talks surrounding the investment included the possibility of giving Uber the option to buy Lime between 2022 and 2024 at a specific price.

Even as the COVID-19 pandemic was beginning to make its presence knowns outside the borders of China, where it was first reported last winter, Fortune Business Insights analysts predicted the global electric bike market would reach revenues of $46 billion by the end of 2026, enjoying a CAGR of 24.5 percent during the interim (http://ibn.fm/32O5r).

The relentless, deadly advance of the novel coronavirus and scientific uncertainty over how to combat it beyond quarantine-type measures combined with sustained respiratory assistance for the ill has since brought sobering news to economies around the world. As the northern hemisphere ushers in warmer months, tourism and mass transportation industries including ride share solutions remain in decline because of the potential for virus transmission from one person to a vehicle surface or ambient environment, then to another person.

But electric bike sales have exploded amid the pandemic’s advance. E-bike companies are reporting record sales in the United States and Europe as people under lockdown orders look for ways to remain active and enjoy outdoor environments while keeping their distance from others (http://ibn.fm/lrUmq).

Uber, which has demonstrated its commitment to acting as a responsible citizen during the pandemic by providing free rides and food delivery to health care professionals and other workers on the front lines of the battle against the novel coronavirus (http://ibn.fm/R576X), has been led to lay off a significant portion of its workforce because of the pandemic and Lime has also seen a huge loss in its valuation.

Under the deal transferring Jump to Lime, Uber would feature Lime bikes and scooters more prominently in the Uber app to draw attention to the alternative means of transportation and take advantage of growing preference for e-bikes (http://ibn.fm/OViGZ).

“We are looking at many scenarios and at each and every cost, both variable and fixed, across the company,” Uber CEO Dara Khosrowshahi told employees in a memo at the beginning of the month. “We want to be smart, to move fast, to retain as many of our great people as we can, and treat everyone with dignity, support and respect.”

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

• PowerBand has received a commitment of up to $10 million in investment from Texas-based D&P Holdings Inc., $3.3 million of which has been completed
• D&P is one of the largest administrators of warranty and insurance products in the U.S. automotive industry and works directly with hundreds of dealerships across the country
• PowerBand’s cloud-based platform benefits key stakeholders in the industry by removing unnecessary third parties and fees, allowing consumers to trade vehicles through their smart phones

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) is helping the automotive industry recover from the coronavirus pandemic by empowering dealers and consumers to buy, sell, lease and trade cars and trucks from any remote location. The company has secured an additional $600,000 from Texas-based D&P Holdings Inc. to offer its platform enabling virtual transactions to consumers and automotive dealers across the United States.

The platform will allow consumers to sell, buy, lease, auction and finance vehicles, irrespective of their location, from their smartphones or other devices. PowerBand has sufficient operational funds to continue its platform commercialization plans, which is why it will not be drawing additional funds from D&P at this time, according to a company press release (http://ibn.fm/7W1JM).

“PowerBand’s mission is well-capitalized and on track to deliver the automotive industry a virtual-transaction platform that will allow the remote acquisition and sale of vehicles,” PowerBand CEO Kelly Jennings stated in a news release. “Our virtual auctions, launched in April, are growing in popularity and we are now in advanced negotiations to acquire extensive institutional credit lines that will be made available to consumers and dealers on the PowerBand platform. For this reason, we have decided we have no current need to draw down additional debt.”

The capital injection of $600,000 is part of D&P’s ongoing commitment to invest up to $10 million in PowerBand Solutions US Inc., a wholly owned subsidiary of PowerBand Solutions. According to D&P CEO John Armstrong, his company remains unwavering in its commitment to invest at least $10 million in the platform’s development. “We are confident PowerBand’s virtual-transaction platform will greatly assist the automotive industry in recovering from the COVID-19 pandemic by empowering consumers and dealers to buy, sell, lease and trade cars and trucks from any remote location,” Armstrong added.

D&P, which works directly with more than 850 dealerships in all 50 states, is one of the United States’ largest administrators of automotive warranty and insurance products. To date, it has completed $3.3 million of its $10 million investment into PowerBand US, which will be available as needed.

PowerBand’s platform will benefit key stakeholders in the automotive retail sector, including buyers, dealers, funders, OEMs and rental companies, by removing unnecessary third parties and their fees from sales transactions. The platform has considerable growth potential in the context of a fast-expanding online vehicle transaction sector as a result of the coronavirus pandemic, as people are looking for safer ways to buy and sell vehicles to avoid crowded dealerships and respect social distancing rules necessitated by the pandemic. Nearly 90% of Americans report they dislike the car dealership experience, saying they feel anxious or uncomfortable in dealership settings.

The company’s cloud-based platform is going to be advertised across the United States via a partnership with Source Digital, a pioneer in immersive commerce through the use of digital media platforms and video content on the internet. 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. (http://ibn.fm/U4KaB).

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

• SRAX reports strong FY2019 results, with continuing product revenues showing 19% year-over-year increase
• While the company saw clients defer their marketing spends in Q1 2020, this translated into strong start to Q2
• SRAX announces rebrand of its investor intelligence platform, online IR forum enjoying sharp increase in subscribers amid highly volatile markets

SRAX Inc. (NASDAQ: SRAX), a digital marketing pioneer focused on providing consumer data management services, reported its results for the fiscal year ending December 31, 2019 as well as the first quarter ending March 31, 2020. During a largely tenuous time for the industry, SRAX reported strong FY2019 annual results with revenues rising by 3% year-over-year while continuing product revenue growth (excluding discontinued services) increased 19% (http://ibn.fm/l5nBO). The robust results are a testament to SRAX’s dynamic product portfolio, as clients leverage the company’s various platforms to gain insights into rapidly evolving consumer mindsets.

The company was equally nimble in responding to the onset of the global pandemic in the first quarter. As of March, SRAX had implemented cost-saving measures resulting in the elimination of over $3 million in annualized expenses while simultaneously identifying a further $600,000 in cost cuts to be implemented in the coming months. Separately, the company entered into a debt financing agreement with B. Riley Financial Inc. to further safeguard their balance sheet liquidity while also announcing that they had obtained a $1.1 million Paycheck Protection Program (PPP) loan at the beginning of May.

Although the first quarter habitually marks a seasonal low for the company, SRAX reported that they had witnessed a disproportionately large number of customers opting to defer their media spend to the second quarter. Hence the company enjoyed a strong start to April, as several clients introduced new media campaigns by taking advantage of SRAX’s recently announced Stock for Ads Program (http://ibn.fm/xXHUR), as well as through increased adoption of the company’s innovative BIGtoken Lightning Insights platform (http://ibn.fm/ibTmf). This newly introduced service enables SRAX’s clients to harness the collective insights of the BIGtoken platform’s 16.7 million registered users, providing brands with a deeper understanding as to their consumer mindset-related queries.

SRAX also seized the opportunity to announce the rebranding of its investor intelligence platform, transitioning SRAX IR to Sequire. The investor relations platform, which enables companies to monitor their shareholders’ buying and selling behavior and carry out virtual investor meetings among other services, announced that it had gained 59 corporate subscribers as of the end of 2019 – a remarkable 64% increase relative to the quarter ending Sept 30, 2019.

“We are thrilled to announce the new brand, giving the platform its own identity separate from SRAX,” SRAX CEO and founder Christopher Miglino noted in a news release regarding the rebranding announcement (http://ibn.fm/tfKtt). “It’s also arriving an at opportune time as we are developing new intelligent technologies to further provide public companies the tools to reach and engage their shareholders.”

Investor relations has increasingly gone digital as companies find themselves unable to meet with their investors in person as a result of ongoing ‘shelter at home’ orders. Bank of America Corp shifted their upcoming annual healthcare conference to take place exclusively online while a number of other conferences have already been hosted on virtual platforms. However, the shift to digital mediums has been juxtaposed against record trading volumes, with monthly equity transactions hitting historic highs across a multitude of global stock exchanges in the first quarter (http://ibn.fm/TTTGN). As investors have sought to gain greater clarity on corporate prospects during these uncertain times, virtual IR platforms such as SRAX Inc’s Sequire have found themselves in greater demand than ever before.

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

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• Commercial, military satellite market expected to grow at CAGR of 76.6% during forecast period 2020-2028
• Orbsat well positioned to answer call for cost-effective satellite systems providing voice solutions and high-speed Internet
• Company’s gross profit margins for year ended December 31, 2019 showed year-over-year increase from 18.1% to 20.8%

Whether filing taxes, completing schoolwork, or ordering groceries, there’s not much that can’t be accomplished today by a point and a click. As much of the world continues to hunker down, sheltering at home to stem the tide of infection, reliable Internet access is more critical than ever before – yet billions of people worldwide are still unable to connect. Companies like Orbsat Corp. (OTCQB: OSAT), a publicly traded company providing government, commercial, military and individual consumers with mobile satellite services, is playing a leading role to meet this global demand.

A seasoned leader in the satcom industry with a global footprint, Orbsat is well positioned to answer the call for cost-effective satellite systems providing voice solutions and high-speed Internet. Leveraging 50+ years of combined experience through its two subsidiaries, Orbital Satcom and Global Telesat Communications, Orbsat has served more than 35,000 clients in over 160 countries across the world—and its global presence continues to expand.

In response to the increased demand for its satellite technology connectivity solutions, Orbsat has increased its global expansion through e-commerce storefronts and fulfilment centers. Its two latest marketplaces, located in Singapore and the United Arab Emirates, are supported logistically by Amazon and allow the company to offer a more diverse product menu to potential customers throughout South East Asia and the Middle East (http://ibn.fm/lw3yw). With a greater online presence, these locations extend Orbsat’s reach to 14 additional countries.

Orbsat’s expansion is supported with strong financials. The company’s full year 2019 revenues showed a 2.5% year-over-year increase at approximately $5,869,558 when compared with 2018 figures. Gross profit margins for the year ended December 31, 2019 increased to 20.8% from 18.1% reported for the year ended December 2018 due to new product options, including airtime plans (http://ibn.fm/HKRvI).

“2019 was a pivotal year for Orbsat as we successfully completed a major restructuring of the business highlighted by the conversion and elimination of old debt and preferred stock, and securing growth capital from new, long-term investors,” Orbsat Chief Executive Officer David Phipps stated in a news release. “Supported by these developments, we have successfully transformed Orbsat, driving continued top-line growth through new global customers and partnerships with innovative technology providers who will enable us to provide a full array of advanced connectivity solutions for enterprise, commercial and consumers around the world.”

“In dealing with the COVID-19 pandemic, the world is now facing an array of new challenges, one of which is an increased need for reliable connectivity,” Phipps noted, commenting on the company’s 2020 goals and priorities. “We are committed to working with all our customers – enterprises, government agencies and consumers – to maintain critical connections to their staff and families. Giving us further confidence in the critical importance of connectivity is the fact that we have continued to see robust sales and growth across our global storefronts through the first quarter of 2020.”

Though the need for reliable connectivity has never been greater, billions of people worldwide are still without Internet access. Due to this increase in demand (http://ibn.fm/5zThE), “the commercial and military satellite market is expected to grow at a CAGR of 76.6% during this period [2020-2028], with a cumulative $195.11 billion over the period 2020-2028.” Orbsat is well positioned to help meet this growing global demand as it continues to provide satellite communications solutions to governments, corporations, military and individual users, empowering them to stay connected anywhere in the world—even in the most remote and hostile of environments. Building upon its decades of experience, Orbsat is positioned to capitalize on the significant opportunities being created by global investments in new and upgraded satellite networks.

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