• Deltec Bank’s Investment Research team recently published note delving into flood of stimulus, ongoing Chinese equity market rally
• China’s latest wave of stimulus revives the old model for growth: debt-fueled fixed asset investment
• Fiscal, monetary boost to economy encouraging speculation within Chinese equity market, with stocks up 41% relative to March lows
• Deltec Bank has cast doubt on recent rally sustainability, warning of similarities to 2015 bubble

Deltec Bank & Trust Ltd., a Bahamas-based private bank recently awarded the title of 2020’s ‘Best Private Bank in the Caribbean’ (http://ibn.fm/ii1ua), has published its latest investment research note entitled “Big Trouble in Little China?” (http://ibn.fm/th6Jg). The piece seeks to delve into the latest wave of stimulus to hit China’s economy while also exploring the sustainability of the ongoing Chinese stock market rally.

By cutting overnight interest rates, lowering reserve ratio requirements, and increasing directed lending by state-controlled banks, China has engineered yet another wave of stimulus. This is visible in measures of the ‘credit impulse’ – an aggregation of total social financing and other credit growth – which is rising by nearly 30% year-on-year. Deltec Bank’s research team warns that this impulse is reviving China’s old model for growth, debt-fueled fixed-asset investment, which it believes is unsustainable. This model builds up bad debts in the future that are effectively funded by Chinese savers or will require government bailouts when they inevitably go sour. The benefits of this wave are temporary, but for the time being will drive a rebound in headline economic data and encourage stock market speculation.

In early July, intra-day trading volumes on mainland Chinese exchanges touched Rmb1.5 trillion ($210 billion), the highest level in over 5 years, reinforced by an editorial in the state-owned China Securities Journal talking up a “healthy” bull market (http://ibn.fm/Bqosd). Deltec Bank’s research team has delved into the foundations of the Chinese equity market’s latest rally, likening it to the bubble of 2015 – which saw the market rise by over 150% over the course of 6 months, prior to halving over the next two, erasing nearly $5 trillion in value in the process. Then, and as now, the rally was largely fueled by retail investors borrowing money to speculate on the market, encouraged by stimulus and state media. With Chinese equities up 41% from their March lows, current margin debt levels at stockbrokers have ballooned to 1.4 trillion Yuan ($200 billion), the highest margin balance in 5 years.

As the research piece concludes, “be invested, but be nimble”. The government is aware that this market volatility is unhelpful and is looking to control the mania and contain speculation. Given the Chinese market’s relatively inexpensive valuations, and the fact that the economy is still below the 2015 peak of margin balances and index price, there are reasons to believe that the current stock market rally could have further to run; however, warning signs are emerging.

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

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

• DarioHealth Corp. is an digital therapeutics (“DTx”) pioneer supplying remote health condition monitoring technology to caregivers and their patients
• The company recently reported a successful private placement funding transaction that provides Dario with $28.6 million in aggregate gross proceeds to build Dario’s operational strategy
• Dario’s technology allows clinical care providers to remotely observe data related to patients’ chronic conditions and also may “nudge” patients to sustain their own care
• The novel coronavirus pandemic has increased the popularity of remote patient monitoring (“RPM”) services as a means of avoiding infection risks in public healthcare settings, and legislative changes have made it easier to receive insurance reimbursement for those services

Modern technology has opened the door for a revolution in healthcare services, allowing many patients with chronic diseases to lead full and active lifestyles that may take them far from their medical providers without significant fear of repercussions thanks to communication media that support expansive health networks and, of late, telehealth and remote patient monitoring measures.

DarioHealth (NASDAQ: DRIO), a digital therapeutics innovator dedicated to providing such technology to hospitals and other medical facilities to help ensure patients receive a proper standard of care even if they are not in-clinic, recently announced a round of successful fund-raising that will help the company make its product platform more available.

The private placement transaction with accredited investors brought in approximately $28.6 million in aggregate gross proceeds (before expenses related to the offering) from healthcare funds and institutions across the United States and Israel. The company states that the new capital, combined with existing balance sheet cash, puts the company in its best financial state since its founding (http://ibn.fm/uKWvc).

“We are pleased to have the confidence of our largest shareholder and several new highly regarded healthcare investors as we expand our commercial to manage existing and anticipated near-term agreements with health care payers,” Dario CEO Erez Raphael stated. “The adoption rate of digital therapeutics has been accelerated by the current pandemic. Dario’s efficacious, value-oriented solution is well-positioned to compete in this largely untapped U.S. market.”

In this year’s report on telehealth policy, the Center for Connected Health Policy noted that telehealth policies are changing on an almost daily basis as a result of the COVID-19 novel coronavirus pandemic. CCHP’s comprehensive analysis of state Medicaid telehealth policies and laws throughout the United States was published in the spring just as COVID-19 was beginning to provoke restrictions on public events and found at the time that no two states are alike in how telehealth is treated despite some similarities in the language used.

“This variability creates a confusing environment for those who use (or intend to use) telehealth, especially health systems that provide health care services in several states,” a summary of the report states (http://ibn.fm/BsyWf).

The report notes, however, that since the report was researched and published, the pandemic has led to the creation of many temporary waivers and changes to telehealth policy across the nation. The changes include several bills passed by the U.S. federal government to support remote patient monitoring services such as those facilitated by DarioHealth’s smartphone-centered platform defined within telehealth policies (http://ibn.fm/KUQf2).

“The fear of contracting coronavirus has discouraged many people from visiting hospitals for non-Covid-19 health concerns,” Aliyah Farouk, a medical devices analyst at data analytics and consulting company GlobalData, stated in an International Travel and Health Insurance Journal interview (http://ibn.fm/eFrup). “The FDA [U.S. Food and Drug Administration] has published guidance allowing companies to expand the distribution of hospital devices for use in patients’ homes.”

Although the legislative measures encourage the Centers for Medicare and Medicaid Services to better reimburse healthcare providers for certain RPM services, in most cases the changes do not reflect a permanent shift in telehealth policy and may only be in effect through the duration of the health emergency.

Nevertheless, RPM devices that allow clinical providers to monitor patients’ conditions, ranging from apnea to diabetes and heart disease even across international boundaries, have seen a significant rise in popularity as a result of the pandemic and that may leave the door open for insurance reimbursement policy changes beyond the pandemic, which may in turn sustain further growth of RPM services.

DarioHealth is optimistic about its prospects as it pursues a long-term strategy of expanding its operational focus from the direct-to-consumer channel to a B2B2C pipeline in which working with health plans and employers grant it access to vast member, employee and patient populations. Dario believes such a model will ultimately lower customer acquisition costs and provide higher profit margins and recurring revenues.

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

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

• Kingman Minerals announced preparation of drill program to verify assets contained within its Mohave Project
• The program will aim to produce NI 43-101-compliant report detailing area’s potential ore deposits, assay value
• The drilling will focus around area which was subject of prior non-NI 43-101-compliant study carried out in 1985 on behalf of Stellar Resources
• Report suggested that the area’s potential assets could total as much as 664,000 ounces of gold and 2,600,000 ounces of silver

Kingman Minerals (TSX.V: KGS), a Canada-listed gold miner with extensive claims in key mining jurisdictions spanning the North American continent, has announced that it is preparing a drill campaign aimed toward confirming the viable ore deposits within its Mohave Project (http://ibn.fm/b13vp). The company’s Mohave Project, located within the Music Mountains in Mohave County, Arizona is comprised of 20 lode claims which include the historic Rosebud Mine. However, with the area largely abandoned following a downturn in gold prices during the early 1990s, Kingman Minerals is now seeking to prepare a NI 43-101 compliant report to verify the potential ore deposits and assay values present on its site.

In 1985, a study carried out by L.A. Bayrock Ph.D P.Geo (“Bayrock”) on behalf of Stellar Resource Corp. drilled eight holes on the Southwick veins within the main Rosebud production shaft, extracting 69 core samples which were then analyzed to ascertain their gold and silver contents. While the estimates and assay values could not be relied upon given that they were published prior to NI 43-101 regulations coming into force, Stellar Resource’s report at the time suggested that the mine’s potential assets could amount to as much as 664,000 ounces of gold and 2,600,000 ounces of silver (http://ibn.fm/YbOP5).

Kingman Minerals is now planning a drill program in the same area of the mine site examined by Bayrock 35 years ago, in an attempt to verify the drilling data published at the time.

With gold prices having risen by over 350% since 1985, major gold miners have shifted their exploration focus towards the exploitation of historic mining sites at the expense of grassroots exploration. A recent study carried out by SNL Metals & Mining revealed that over the decade ending in 2015, the 20 largest gold producers in the world devoted over 54% of their total gold exploration budgets to developing and reviving existing mining sites (http://ibn.fm/hrKR2).

In a similar manner, and through its recently announced decision to enter into an option agreement to acquire a 100% interest in the Mohave Project development (http://ibn.fm/fwts0), Kingman Minerals has opted to use modern mining techniques, which can help miners safely and cost-effectively access ore deposits which were previously deemed inaccessible. The Rosebud mine in particular, which was discovered in the 1880s and mined primarily in the late 1920s and 30s, saw over 3,000 tons of ore removed prior to being shuttered (http://ibn.fm/4YTQL).

“With the Bank of America Corp. recently raising its 18-month gold-price target to $3,000 an ounce, Kingman could not be better positioned to capitalize upon the extremely favorable gold environment,” stated Kingman Minerals chairman and director Sandy MacDougall. “This area [Mohave County] indicates great potential, not only due to the high-grade gold past producers but the surrounding area as a whole. Kingman intends to verify the extensive historical data that exists, bring the resource estimates to NI 43-101 compliant standards and revitalize this area completely” (http://ibn.fm/jm7ir).

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

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

• PowerBand Solutions recently secured a $300 million funding agreement with a national financial institution chartered with the federal government, which enabled the company to begin originating loans in Texas and Florida, with California and other states on the near horizon
• The company’s auto trading platform enables never before seen convenience for automotive dealers and consumers with seamless sales transactions that enable a variety of services including financing, inventory and inspections
• The industry and its consumers continue to respond positively to the company’s business model. After increasing revenues seven-fold to nearly $2 million in 2019, Q1 2020 total revenue increased by more than 10 percent over the same period in 2019

Disruptive fintech innovator PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA), creator of an innovative cloud-based online platform for auto trading, is in the process of expanding its lease programs to California and other markets throughout the United States. The program began in Texas and Florida on July 13, 2020, and the company has already started generating revenue in those markets.

The auto loan program was launched after MUSA Auto Finance, LLC, PowerBand’s leasing subsidiary which enables online consumers to be approved for leases in seconds, reached a $300 million financing agreement with a federally chartered U.S. depository financial institution (http://ibn.fm/PV9DX).

PowerBand is confident that the online platform, which operates with simplicity, speed, and cost-efficiency never before seen in the virtual auto sales network, will transform the way consumers purchase vehicles for the foreseeable future.

“The Company has made considerable and carefully targeted investments in our virtual transaction platform,” CEO Kelly Jennings said (http://ibn.fm/9tppb). “I am proud that we are now offering people a way to acquire and sell a vehicle from any location, as easily as you can now buy a product from Amazon on your smart phone.”

The news provides reassurance that consumers are, in fact, investing in the automotive industry despite economic uncertainty resulting from the global pandemic. “This is the right solution at the right time, when the automotive industry and consumers are looking for innovations to overcome the challenges of the COVID-19 pandemic,” said Jennings.

PowerBand’s online platform is helping buyers and sellers conduct business conveniently and safely from smart phones and digital devices during the pandemic despite shelter-in-place restrictions. PowerBand makes transactions faster, more transparent and less costly by removing unnecessary middlemen and fees from the retail experience. The virtual nature of the platform streamlines the transfer of money as well as financing, inventory paperwork, vehicle inspections and auction negotiations.

The company is positioned to leverage the digital-oriented nature of buyers and their desire for advanced technology by capitalizing on these trends and disrupting the antiquated retailmodel of the automotive industry with transparency, access to information and ease of use.

Consumers are responding positively to the platform and taking advantage of the never before available simplicity and added convenience. In 2019, the company increased revenues seven-fold to nearly $2 million. Future adoption by consumers and by the industry continues to appear promising, according to first quarter 2020 reports available under the company’s SEDAR profile (http://ibn.fm/2D3ao).

When comparing 2020 and 2019 first quarter results, the company’s total revenue is up 10 percent. Total revenue for the quarter ended March 31, 2020 increased to $615,432, up from $554,097 for the same period in 2019.

Jennings reported that PowerBand is well positioned to achieve consistent revenue growth throughout 2020 and beyond despite the uncertainty and various market challenges presented by the global pandemic.

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

• COVID-19 outbreak has led to halt in filmmaking; report entitled ‘The Future of Film’ has suggested virtual filmmaking techniques adhere to ongoing social distancing norms
• Films such as ‘The Lion King’ or ‘Gravity’ filmed in entirely virtual sets, without need for conventional bustling movie set
• Independent filmmakers such as The Movie Studio, which have long incorporated unconventional filming techniques, are able to adopt new methods in simpler manner
• Ability to resume film production in timely manner will be crucial in driving earnings, sales going forward

The COVID-19 pandemic has brought the Hollywood movie industry to a juddering halt – with the past few days alone bringing reports of a spate of upcoming film releases being further postponed. Nonetheless, with major Hollywood studios bearing the brunt of the economic pain, smaller independent filmmakers such as The Movie Studio (OTC: MVES) stand to benefit. Published only days prior to the United Kingdom going into lockdown, a British report entitled ‘The Future of Film’ (http://ibn.fm/cT0cB) offered some suggestions on how to address the current challenges of filmmaking using a series of “virtual techniques”.

Film studios and location sets have traditionally been a hive of activity, consumed by a frenetic buzz of people and commotion; film crews and actors work in close proximity to others while hair, makeup and costume departments oblige performers to come into contact with one another. The Future of Film report sets out a template of virtual production techniques which they believe are essential practices needed to resume film productions under the required social distancing norms. While virtual techniques are difficult to employ in a full-fledged Hollywood blockbuster requiring hundreds of performers and set workers, independent filmmakers such as The Movie Studio have been using such methods for years.

The Movie Studio has adopted a unique filmmaking technique referred to as ‘fractured motion picture manufacturing’. The process consists of filming short clips of content over weekends, which are subsequently aggregated over a 10-week process to form a feature film. During the process, MVES’ MovieSodes feature, available on its widely-distributed app, features partial distribution of the films over an extended time period through the release of separate episodes – thereby generating an extended buzz around the film (http://ibn.fm/49KBJ).

The process allows for both films to be shot in a time-efficient and socially distant manner as well as enabling The Movie Studio’s online subscribers to participate in the film-making process (with MVES’ app subscribers being able to film and submit short auditions to the film’s directors for potential casting in the ongoing movie). More importantly, the experience with such filming methods has provided MVES with the tools to successfully resume filmmaking in today’s socially distant environment.

In 2019, the remake of ‘The Lion King’ film enacted a number of the suggested techniques while being filmed using an entirely virtual set. The digitalized set enabled an array of creative production personnel, ranging from the film’s directors to the performers, to view the photorealistic computer-generated imagery on screens around them prior to performing in a ‘socially-distanced’ manner within the virtual environment.

Similarly, a process called “pre-viz” – which allows for a film’s screenplay to be pre-visualized, thereby assisting the movie’s directors and producers to make the required creative and logistical decisions surrounding the film – has begun to transform the traditional film production cycle (http://ibn.fm/ra2Ya). Effectively, it means that a film production unit can now begin engaging in traditional post-production practices at the beginning of the filming process rather than at the end, with some films being made in entirely pre-visualized virtual environments.

The use of virtual production techniques means that production teams no longer have to be in the same physical space; rather, creative teams can continue to collaborate while working from remote environments. This evolution in movie-making culture bodes well for independent film companies like The Movie Studio, inviting further innovation and exploration.

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

• ISWH has entered the crypto mining equipment industry via joint venture partnership with industry leader Bit5ive
• Joint venture should be “a big deal for ISWH shares,” notes report
• Strategic partnership enables ISWH to run profitable crypto mining projects, take advantage of incredible growth projected for crypto market

The turnkey crypto mining solutions revolution has arrived, according to one recent article (http://ibn.fm/CWgAe). And that couldn’t be more welcome news to ISW Holdings (ISWH), a brand-management portfolio company with diverse partnerships, including one that allows ISWH to enter this promising space.

“ISW Holdings Inc. has entered the crypto mining equipment industry by virtue of its recent joint venture partnership with Bit5ive LLC, a global top player in the space developing, running, and selling what are known as ‘turnkey mining solutions,’” stated the TradingView report. “This is really just a way of saying, ‘we make something that you just buy and sit on your property and start it up, and it will instantly turn your property into a fully-decked-out, industrial-grade cryptocurrency mining facility.’

The article concludes that the joint venture between ISWH “should be a big deal for  ISWH shares,” noting that besides the company’s considerable operations in the home healthcare space — where the company has posted five straight quarters of double-digit percentage growth on a sequential quarterly basis — the next major source of topline growth appears to be its crypto and datacenter business.

ISWH partnered with Bit5ive earlier this year (http://ibn.fm/Y5PoB), in a move that “enables us to collaborate with the experienced team at Bit5ive to innovate the infrastructure needed to run profitable, efficient crypto mining projects and to take advantage of the incredible growth projected for the crypto market,” said ISWH president and chairman Alonzo Pierce. “We are incredibly excited to expand our current portfolio and move into what we believe is a sector poised for strong technological and financial growth.”

Bit5ive is one of the largest U.S.-based companies in the cryptocurrency mining and bitcoin farm industry. The company is an official distribution partner of Bitmain, the industry-leading fabless manufacturer of computing chips and distributor of Antminers to more than 30 countries around the world. In addition, Bit5ive produces and distributes POD5 and Power Skid 2.5, recognized as the most efficient and successful infrastructure for crypto mining hardware.

“The turnkey crypto mining solutions revolution is upon us,” the TradingView article concludes. “And it couldn’t come at a more interesting time for this emerging industry — when the overall mining equipment space is looking more and more like it stands in the very early innings of a long-term growth cycle driving by product cycles, depleted supplies in secondary markets, under-revved production rates, and rapidly growing demand.”

Based in Nevada, ISW Holdings is a diversified portfolio company comprised of essential business lines that serve consumer product demands. The company’s expertise lies in strategic brand development and early-growth facilitation, as well as brand identity through its proprietary procurement process. Together with its partners, ISWH seeks to provide a structure that meets large scalability demands as well as anticipated marketplace needs. ISWH maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration and distribution efficiency.

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

• Gold nearly hits ten-year high of $1921, last seen in 2011
• Investors continue shifting capital to gold due to economic effects of COVID-, other geopolitical events
• KGS increasing gold production by revitalizing historic gold mining sites, extracting remaining wealth with modern technology
• KGS recently commissioned two gold exploration programs to be completed by Burgex Inc.

As central banks continue firing up the printing presses, investors are responding by diverting large amounts of capital into safe-haven assets like gold, driving the price closer to its 10-year record high of $1921 (http://ibn.fm/RnrCe). The upending of the global economy by geopolitical events like COVID-19 continues to drive the market towards precious metals like gold, along with increasing interest in mining companies like Kingman Minerals (TSX.V: KGS). With a strategic focus on the acquisition, exploration and development of gold and silver properties in North America, Canada-based KGS is positioned to benefit from the increased shift towards gold investment through new drilling campaigns aimed at increasing production.

The price of gold continues to rally amid inflation fears, geopolitical tensions and a weakening U.S. dollar, driving investors worldwide to shift assets into gold as a defensive measure. KGS is positioned to profit from these gold price rallies through its acquisition strategy that aims to revitalize historic mining sites and extract the remaining gold left behind through the use of cost-efficient modern technology unavailable to previous generations.

Among KGS’s portfolio is the Cadillac East Property, located approximately 55 kilometers east of Val d’Or, a key mining and exploration hub located in Quebec, Canada. Following numerous geophysical and geological surveys by private companies and the government of Quebec, KGS recently acquired an interest in the property from an arm’s length vendor with an option agreement to earn 100% over three years. Consisting of 12 claims, the area includes multiple potential targets for future exploration along with additional exploration work done in 2017 that identified potential value in other metals that include silver, copper, zinc and nickel.

Another key KGS property is the Mohave Project, located in the Music Mountains region of Mohave County, Arizona. Comprising 20 lode claims, the property also includes the historic 167-hectare Rosebud Mine that was originally discovered during the famous “Gold Rush” era of the 1880s. While most of the easily-extracted gold has already been accessed using traditional manual techniques, some wealth remains, according to studies conducted in the 1980s by L.A. Bayrock Ph.D. P.Geo. on behalf of Stellar Resource Corporation (http://ibn.fm/m6Bb5).

KGS recently commissioned two gold exploration programs to be completed by Burgex Inc. (http://ibn.fm/KFKX7), a consulting services company that specializes in the analysis of abandoned mining sites throughout the western United States.

Previously known as Astorius Resources Ltd., KGS is engaged in the acquisition, exploration and development of historic mining properties in North America. Based in the British Columbia province of Canada, KGS provides significant shareholder value through its strategy of developing a diverse portfolio of high-production, low-cost, lifelong assets.

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

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

• The assay results from the final six holes of the 25 total holes recently drilled at its Bullfrog Project provided enough positive information to support the to the optimization of pit plans and their ultimate depths.
• Bullfrog Gold Corp. has commanding land and mineral positions in the prolific Bullfrog Gold District, one of the most prolific gold exploration regions in North America
• The company is positioned to reestablish the Bullfrog Gold District as a potential new, major gold production center in Nevada

Bullfrog Gold (CSE: BFG) (OTCQB: BFGC) (FSE: 11B), a Delaware corporation engaged in the acquisition, exploration, and development of gold and silver properties in the U.S., recently shared the assay results from the final six holes of the 25 total holes recently drilled at its Bullfrog Project. The news, combined with positive analyst recommendations issued recently, provides a positive outlook for Bullfrog.

According to the company, the remaining hole of the 17 holes drilled in the Mystery Hill (MH) area intercepted 35 meters of 0.44 g gold/t starting at the surface. One of the last three of six holes drilled in the Montgomery-Shoshone (“MS”) area intercepted 61 meters at 0.78 g gold/t and 7.25 g silver/t from 99 meters to 160 meters. The initial two holes drilled in the far south of the Paradise Ridge area did not discover any significant mineralization but these holes tested less than 4 percent of the entire prospective target area (http://ibn.fm/8DmM0).

“The drill assay results achieved our objectives to further define resources and ultimate limits of proposed expansions to the Bullfrog and MS pits. The program also fulfilled a final work commitment for the company to purchase a 100% interest in lands under lease from Barrick by mid-September 2020,” Bullfrog Gold CEO Dave Beling said. “The first two holes in the Paradise Ridge target did not intercept any significant mineralization, but this large undrilled area continues to be highly prospective and needs several more drill holes to fully explore and assess its potential that extends nearly 2,000 meters to the northwest.”

Currently, the project has a measured and indicated resources of 525,000 ounces of gold and 1.23 million ounces of silver at average grades of 1.02 and 2.61 grams per tonne, respectively. There is also an inferred resource of 110,000ounces of gold and 243,000 ounces of silver at similar grades.

Bullfrog Gold has commanding land and mineral positions in the prolific Bullfrog Gold District, one of the most prolific gold exploration regions in North America. The company’s current focus is on projects approximately 100 miles northwest of Las Vegas, Nevada.

Bullfrog’s gold mine is located less than 4 miles from Beatty, Nevada, which is an excellent mining venue with adequate amenities and services. The mine produced more than 2.3 million ounces of gold and 2.49 million ounces of silver between 1989 and 1999.The drill has positively impacted the company’s share price and the company has received positive analyst recommendations (http://ibn.fm/5ovra).

Bullfrog raised C$2 million in January 2020 to fund the recent drill program project, perform environmental studies, and conduct bulk sampling and metallurgical testing

The company has also obtained a very large database from Barrick Bullfrog Inc., including detailed information on 250,000 meters (155 miles) of drilling in the area. The data base of 1,262 holes strongly supports the company’s resource estimates for expansions of two pits and the identification of exploration targets. These facts, combined with the company’s drilling and metallurgical testing work, are set to reestablish the Bullfrog Gold District as a potential new, major gold production center in Nevada.

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

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

• SGTM received IPEMA certification through wholly-owned subsidiary Mulch Manufacturing
• Certification permits entry into public playground surfacing material market worth approximately $4 billion, expected to grow to nearly $6 billion by 2026
• High profits expected from busy hurricane season predicted to include 6 major hurricanes with winds of 111 mph or higher
• First-quarter results include over $6.2 million in revenues, over $1.7 million gross profit

Sustainable Green Team (OTC: SGTM), a leading provider of solutions for tree and storm debris disposal, has just announced that it has received a certification from the International Play Equipment Manufacturers Association (“IPEMA”), allowing it to enter the lucrative public playground surfacing material market through its wholly-owned subsidiary, Mulch Manufacturing.

IPEMA is a non-profit membership and trade association that works to ensure that playground environments are safe from toxins and harmful chemicals. Through a set of environmental standards and compliance measures, IPEMA rewards suppliers with certifications attesting to the safety of their products.

The certification presents SGTM with another opportunity to fulfill its mission of keeping the environment sustainable and green through the creation of playground surfacing material made from trees broken during hurricanes that otherwise would have been destined for landfills. The public playground surfacing material market represents a new source of revenue to SGTM’s already diverse stream that includes tree removal, trimming, grapple hauling, land clearing, stump grinding, mulch processing, colorant production and packaging, transportation and distribution.

“This is a major achievement for us,” said SGTM CEO Tony Raynor in recent statements (http://ibn.fm/3kqDs). “We are now able to provide playground surfacing material through our manufactured recovered resources, further diversifying and increasing our revenue stream.”

SGTM’s impressive first-quarter financial results include revenues of over $6.2 million and gross profits of over $1.7 million (http://ibn.fm/aC1S5). These numbers are expected to grow further as the hurricane season gets underway with predictions including up to 6 major hurricanes with winds of 111 mph or higher (http://ibn.fm/dcWSt). Business activity following the IPEMA certification is expected to add considerable incremental revenue through access to the $4 billion playground surfacing materials market that is expected to increase to nearly $6 billion by 2026 (http://ibn.fm/htfXO).

SGTM operates with a mission of sustainability and commitment to the environment, prime motivating factors behind the company’s rebranding in July 2020 that included a name and ticker change from National Storm Recovery Inc. (OTC: NSRI) to Sustainable Green Team, Ltd. (OTC: SGTM). The company plans to continue driving its mission forward through synergistic and environmentally beneficial solutions to tree and storm waste disposal that transform waste into organic products for the benefit of its growing customer base, which includes governmental, residential, commercial and big-box clients.

To learn more about this company, view the investor presentation at http://ibn.fm/gms4i

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

• Mullen extends LOI with S3R3 Solutions to assemble electric vehicles, manufacture electric vehicle batteries in Washington
• Plan calls for 1.3 million square feet of assembly, manufacturing, R&D facilities
• NETE, Mullen merger will make Mullen a publicly traded company, provide access to capital

Mullen Technologies recently announced that it has extended its letter of intent for the acquisition of a 1.3-million-square-foot electric vehicle manufacturing facility. The progression of this acquisition bodes well for Net Element (NASDAQ: NETE), a company which operates a payments-as-a-service transactional and value-added services platform. NETE recently entered an agreement (subject to definitive agreement, fairness opinion, shareholder and board approval) to merge with Mullen Technologies Inc., a Southern California-based electric vehicle company and owner of the proposed plant, which is slated for construction just outside of Spokane.

The news broke with the announcement that Mullen had extended a letter of intent with S3R3 Solutions to assemble electric vehicles and manufacture electric vehicle batteries in the West Plains, WA, area (http://ibn.fm/zgqrX). The LOI outlines plans for 1.3 million square feet of assembly, manufacturing and research and development facilities.

“Mullen’s vision is to begin assembly of electric vehicles and development of its battery packs in an initial facility of 500,000 square feet and expand into an addition 800,000 square feet as its battery production expands,” the announcement stated. “The proposed site would be leased by Spokane International Airport to S3R3 who would finance and build the facility through the use of a revenue bond. Mullen anticipates meeting the requirements of the LOI by late 2020, which would allow the planning, financing, permitting and construction of the facility to initiate. Chair of the S3R3 Board and County Commissioner Al French stated ‘S3R3 Solutions has proven its ability to streamline projects. and we stand ready to deliver on the Mullen project to bring hundreds if not thousands of jobs to the Spokane region.’” S3R3 Solutions is the Public Development Authority managing development in the West Plains Airport Area of Spokane.

According to a recent “Journal of Business” article, Mullen CEO and founder David Michery says work on the facility, which could employ up to 4,000 people in the future, might start as early as September (http://ibn.fm/C8bVo). The company is currently focused on obtaining sufficient funding for the project.

As part of those efforts, the statement noted, “Mullen Technologies has agreed to merge with Net Element (NASDAQ: NETE), a publicly traded company. The reverse merger, if approved and consummated, will make Mullen a publicly traded company, which will provide access to capital per CEO of Mullen Technologies David Michery. Mullen has also recently announced the execution of a Letter of Intent with Axiom Financial for $135 million in funding to acquire an existing electric vehicle manufacturing plant and for the deposit required by the Letter of Intent with S3R3 Solutions.”

Net Element Inc. operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the United States and selected emerging markets. In the U.S., NETE aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, its cloud-based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest-growing companies in North America on Deloitte’s 2017 Technology Fast 500(TM).

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

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