• Electric vehicles expected to account for over half of global passenger car sales by 2040
• Growth in electric vehicles expected to drive oil demand down by 13.7 million barrels per day
• Proposed manufacturing facility comprises 1.3 million square feet, creation of 55 jobs at startup with up to 863 jobs created by 2026

Net Element (NASDAQ: NETE), a global technology group that operates electronic payment services, is currently in the planning stages to open a new electric vehicle (“EV”) manufacturing facility in conjunction with privately-owned Mullen Technologies (“Mullen”) via a proposed merger. With demand for electric vehicles growing globally, oil demand is expected to plummet by 13.7 million barrels a day, according to recent research by Bloomberg (http://ibn.fm/LBVZx), positioning the new company favorably as a leader in the electric vehicle industry both in the U.S. and abroad.

According to the report, electric vehicles are expected to account for over half of global passenger car sales by 2040, in addition to completely dominating the bus market. Besides the growing passenger market, electric vehicles are also projected to make headway into other areas, comprising over half of light commercial vehicle sales, 31% of the medium commercial market, and almost a fifth of the heavy truck market.

The electric vehicle industry has made substantial headway in recent years, catalyzed by the falling prices of EV batteries in addition to policy support through fuel economy regulations and China’s new energy vehicle mandate. Showcasing its market dominance, China is expected to account for almost half (48%) of all passenger car sales in 2025.

Pending definitive agreement, fairness valuation, and stockholder and board approval, the reverse merger between NETE and Mullen will allow Mullen to take control of NETE and bypass the lengthy process of going public. Anticipated to occur in the third quarter, the merger is expected to give Mullen stakeholders a majority of the stock in the newly formed public company.

“We believe the timing of this merger is ideal for Mullen Technologies,” said Mullen CEO David Michery (http://ibn.fm/eMbwh). “It comes on the preparation of our launch of the Dragonfly K50, which will be available in (the second quarter) of 2021 and through our retail network in California and Arizona.”

Pending requisite approvals, the new company has plans to open an electric sports car manufacturing facility in West Plains, Missouri. The proposed 1.3 million square feet of assembly and manufacturing space is expected to create 55 jobs at startup with up to 863 jobs created by 2026. An additional 3,000 jobs are projected to be created for the research and development of lithium-ion batteries through Mullen’s subsidiary company, Mullen Energy.

Besides Mullen Energy, the company has several other subsidiaries that include a series of pre-owned auto dealerships in California and Arizona that operate under the Mullen Auto Sales banner, a digital auto marketplace called CarHub, and a financing company called Mullen Finance Corp. that offers vehicle leases and loans. Unrelated to the automotive business is another Mullen subsidiary called Smart 8 Energy that sources ventilators, COVID-19 antibody test kits, virus test kits and personal protective equipment.

Ranked on Deloitte’s Technology Fast 500(TM) list of North America’s 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in both 2017 and 2018, NETE credits its progression to organic growth in its North America Transactions Segment. Crediting most of its success to its Unified Payments brand, NETE focuses on value-added payment acceptance solutions for small to medium enterprises in the United States.

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

• As the spread of the novel coronavirus unexpectedly reached pandemic proportions, Trxade Group stepped in to help patients and providers continue to access resources and PPE products through a virtual environment that is safe from contagion
• If telemedicine services maintain popularity with patients and insurance providers continue to be responsive to reimbursing telehealth claims, market analysts project a seven-fold increase for the industry by 2025

Trxade Group (NASDAQ: MEDS), an integrated drug procurement, delivery and healthcare platform, reported its financial results for the second quarter ended June 30, 2020. According to the report, revenues for the second quarter of 2020 increased 244% to a record $6.6 million, compared to revenue of $1.9 million in the same quarter last year. Second quarter revenue was up 199% when compared to revenues of $2.2 million in the first quarter of 2020.

The pharmaceutical services provider has garnered much attention in the first half of 2020. The company has been working to raise awareness of its supply chain trading platform that includes medical consultation and prescription drug solutions.

As the spread of the novel coronavirus unexpectedly reached pandemic proportions and triggered the need for infection-fighting policies, Trxade Group has developed measures to help patients and providers continue to access resources through a virtual environment that is safe from contagion. In addition, the company supplied multiple organizations with COVID-19 rapid test kits for employees and families, providing a diagnosis within 15 minutes at the point of care. Trxade Group experienced significant revenue increase in personal protective equipment (“PPE”) sales by the Company’s Integra Pharma segment in response to the COVID-19 pandemic.

During the COVID-19 crisis, telehealth services have rapidly expanded. Telehealth claims to private insurers have grown 4,347% year-over-year (http://ibn.fm/GDMZC). CVS Health saw 600% growth in telehealth and virtual visits through its MinuteClinics in the first quarter of 2020 (http://ibn.fm/rt1d5), Blue Cross and Blue Shield of Tennessee saw 50 times more telehealth visits in May (http://ibn.fm/vVtuf), and Blue Cross of Idaho processed more than 90,500 telehealth claims between March and June, with telehealth now representing more than one-quarter of all claims (http://ibn.fm/LtN4c).

If telemedicine services maintain popularity with patients and insurance providers continue to be responsive to reimbursing telehealth claims, market analysts at McKinsey & Company forecast a $250 billion market (http://ibn.fm/AgG4S) while Frost & Sullivan projects a seven-fold increase by 2025 (http://ibn.fm/Qn8go).

Other operational highlights of Trxade Group’s Q2 results included the company’s sustained efforts to expand its platform nationwide. Trxade recently added 325 new independent pharmacies to its platform, bringing the total registered pharmacy members to over 11,725.

The company also engaged international investor relations specialists MZ Group to expand its comprehensive strategic investor relations program across all key markets. Chairman and Chief Executive Officer Suren Ajjarapu stated: “As we move through the second half of 2020, we are better positioned than ever to execute upon our vision of continued growth of the platform, driven by new independent pharmacies, new suppliers and distributors.”

Headquartered in Tampa, Florida, Trxade Group, Inc. is an integrated drug procurement, delivery and healthcare platform that fosters price transparency, thereby improving profit margins for both buyers and sellers of pharmaceuticals. Trxade Group operates across all 50 states with the central mission of making healthcare services affordable and accessible.

Founded in 2010, Trxade Group operates via four synergistic platforms: (1) B2B trading platform with 11,725 registered pharmacies; (2) Integra Pharma Solutions, the company’s virtual wholesale division; (3) Bonum Health which offers affordable telehealth services; and (4) the DelivMeds app, a nationwide mail order delivery distribution network for independent pharmacies.

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

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

• SGTM has decreased its authorized shares by more than 3 billion
• New name, symbol “best suited for the company’s future direction,” says CEO
• SGTM, formerly known as National Storm Recovery Inc., continues with rebranding, expansion plans

Sustainable Green Team (OTC: SGTM), a leading provider of environmentally beneficial solutions to tree and storm waste disposal, recently announced that it has decreased its authorized shares by 3,249,000,000 (http://ibn.fm/n73QT). The announcement comes as SGTM, formerly known as National Storm Recovery Inc. (NSRI), continues with rebranding and expansion plans that included transitioning to a new name and trading symbol (http://ibn.fm/gj5oY).

“I am proud of my team and all that we have achieved thus far,” said SGMT CEO and director Tony Raynor. “We have achieved ‘current information’ status with OTC Markets Group, and having acquired Mulch Manufacturing (in the two months of our first quarter), we exceeded expectations and vastly increased our assets and revenue, and our audit mentioned in May is still in progress — all requirements for our expansion plan including achieving fully reporting status and uplisting to a higher exchange, overall increasing transparency and trust to our loyal shareholders.”

Following the decrease in authorized shares, SGTM now has 250,000,000 authorized shares, representing 2.9 billion fewer shares.

Earlier this year, the company successfully acquired Mulch Manufacturing Inc. in 1Q 2020 — and utilizing approximately only two months of post-acquisition revenue of Mulch Manufacturing — SGTM reported revenues of more than $6 million, including $1,728,506 gross profit, and $34.7 million in total assets, including $4,303,668 in cash (http://ibn.fm/3PZCT).

“Due to the opportunities we now have with the Mulch acquisition, the company’s management team is rebranding itself and transitioning from the name National Storm Recovery Inc. to Sustainable Green Team Ltd,” a SGTM press release stated. “The Sustainable Green Team name is best suited for the company’s future direction. Along with the company’s name change, NSRI will be trading under the new symbol SGTM.

“The company name and ticker change are pivotal for the direction we’re heading,” Raynor added. “The name suits us best in view of our rebranding and planned expansion.” In addition, Raynor noted that the ticker symbol change doesn’t do anything to markets or to the way investors execute trades. “Since everything is electronic, trading platforms or brokers will already update their portfolio to include the new ticker symbol,” the press release stated.

SGTM and the solutions provided by its Sustainable Green Team are founded in sustainability. The company’s vertically integrated operations begin with the collection of tree debris through its tree services division and collection sites. Tree biomass is then moved through the processing division for recycling and manufacturing into a variety of organic, attractive, next-generation mulch products to be packaged and sold to retailers, landscapers, installers and garden centers. The company plans to expand its operations through a combination of organic growth and strategic acquisitions that are both accretive to earnings and are positioned for rapid growth from the resulting synergistic opportunities identified. The company’s customers include governmental, residential, and commercial customers.

To learn more about this company, view the investor presentation at http://ibn.fm/93wHq

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

• “Harvard Business Review” article notes independent workers are looking for place, routines, purpose, people
• As gig economy grows worldwide, these strategies are increasingly relevant
• SHRG opportunity “about what you do, who you do it with, and how it aligns with your purpose”

In an economy becoming more and more reliant on gig workers, or independent contractors, Sharing Services Global Corporation (OTCQB: SHRG) has designed an opportunity that offers what a “Harvard Business Review” study notes are the four top connections these independent workers are looking for (http://ibn.fm/NJUli).

To learn what it takes to be successful in independent work, the magazine conducted an in-depth study of gig workers. “We found remarkably similar sentiments across generations and occupations,” the article reported. “All those we studied acknowledged that they felt a host of personal, social, and economic anxieties without the cover and support of a traditional employer — but they also claimed that their independence was a choice and that they would not give up the benefits that came with it. Although they worried about unpredictable schedules and finances, they also felt they had mustered more courage and were leading richer lives than their corporate counterparts.

“We discovered that the most effective independent workers navigate this tension with common strategies,” the article continued. “They cultivate four types of connections — to place, routines, purpose, and people — that help them endure the emotional ups and downs of their work and gain energy and inspiration from their freedom. As the gig economy grows worldwide, these strategies are increasingly relevant.”

Not coincidentally, these connections lie at the heart of what Sharing Services offers its global workforce of independent contractors, which it calls Elepreneurs, or elevated entrepreneurs. “People often think about money as ‘stuff,’” SHRG notes. “And there’s nothing wrong with a nice house and a nice car. But financial happiness is about so much more than what you have. It’s about what you do, who you do it with, and how it aligns with your purpose” (http://ibn.fm/Okble).

The growing company — SHRG recently released is FY 2020 financial report, which noted a 53% increase in revenues (http://ibn.fm/ctcOb) — provides each Elepreneur with easy set-up options, step-by-step training, and a complete virtual system that includes a phone app, web system, and automated free-sampling program, all designed to succeed in today’s world of social media and online interaction.

“Our conclusion is that people in the gig economy must pursue a different kind of success,” the Harvard Business Review article said, “one that comes from finding a balance between predictability and possibility, between viability (the promise of continued work) and vitality (feeling present, authentic, and alive in one’s work). Those we interviewed do so by building holding environments around place, routines, purpose, and people, which help them sustain productivity, endure their anxieties, and even turn those feelings into sources of creativity and growth.”

Sharing Services appears to be perfectly positioned to offer the ideal opportunity to independent workers looking for place, routine, purpose and people. Publicly held, the company is dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling sector and other industries. The Sharing Services combined platform currently leverages the capabilities and expertise of various companies that market and sell products direct to the consumer through independent contractors. Two of its primary divisions include Elevacity Holdings LLC., the parent of its wholly owned subsidiary Elevacity U.S. LLC, a health and wellness products company, and Elepreneurs Holdings LLC., the parent of its wholly owned subsidiary Elepreneurs U.S. LLC, a sales and marketing company based on utilization of independent contractor distributors who sell the Elevacity product line.

For more information, visit the company’s websites at www.SHRGInc.com, www.Elevacity.com and www.Elepreneur.com.

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

• The Movie Studio’s MovieSodes feature allows the company’s film watchers to submit virtual auditions which are then taken into consideration by the company’s internal casting agents
• With 2020’s global film box office revenues expected to fall by over 50%, movie studios have been trying to devise strategies by which to attract new viewers
• The growth in demand for interactive media & entertainment is best illustrated through the video games industry, with gaming revenues set to outpace film revenues by over 300% in 2020
• The Movie Studio’s innovative features will bring interactive media to the film industry, enabling their app subscribers to become the stars of their own show

Though fads come and go, society’s obsession with film celebrity has never waned. Many a film fanatic admits to harboring fantasies of starring in movies, and one company is making that dream a reality as a component of its unique growth strategy. The Movie Studio (OTC: MVES) has devised a method by which to provide budding film stars and actors the unique opportunity to participate in the shooting of a movie through the submission of a virtual ‘audition’. Movie studios have historically sought to differentiate themselves through the cultivation of unique selling points – however, until recently, none have succeeded in making films a truly interactive experience for their viewers.

With the traditional film industry being actively disrupted through the emergence of video-on-demand (“VOD”) platforms, legacy movie studios have been hard-pressed to attract new viewers on a consistent basis. Rather, they have tended to depend on re-enticing past viewers through the creation of sequels and franchise films (e.g. Marvel’s Avengers series); in fact, 5 of the top 10 domestic box office hits in the United States in 2019 belonged to one of these two categories (http://ibn.fm/sZ0HZ). The fate of the global box office in 2020 has failed to present a rosier picture – financial analysts have recently slashed their 2020 box office revenue forecasts for AMC Theatres, the world’s largest movie theater chain, by 55% to 60% relative to 2019 (http://ibn.fm/ZB1qw) due to wide-scale cinema closures on the heels of the COVID-19 outbreak.

With revenues derived from movie theaters and box office launches comprising only 42% of the average consumer’s annual film-related expenditure in the United States (http://ibn.fm/mkwV7), traditional filmmakers have found themselves hard-pressed to innovate and create new business models to attract new viewers – an area in which The Movie Studio’s new interactive features have distinguished themselves.

The rise of interactive experiences can perhaps best be encapsulated by the global video games market, which has risen to become a $155 billion industry in 2020 and is expected to grow to between $300 billion and $450 billion over the next five years (http://ibn.fm/MzfmV). Putting those figures into perspective, total box office revenues for Hollywood totaled only $53.6 billion in 2019—a fraction of the video game industry’s total (http://ibn.fm/eZTiD).

The Movie Studio has sought to capitalize on the growth in demand for interactive entertainment through the introduction of an innovative concept called the ‘MovieSodes’ to its proprietary video-on-demand platform (http://ibn.fm/aLGJk). As explained by MVES president and CEO Gordon Scott Venters, the MovieSodes feature allows the company’s app-users to “upload a video clip… and send it to our producers for consideration for our upcoming feature films. We’re going to fracture motion picture manufacturing into shooting on the weekends… Over 10 weeks, we smash that content together and end up with a feature film for global distribution” (http://ibn.fm/SNxEN). According to Venters, this innovative ‘virtual audition’ approach allows individuals to “get involved with a feature film while it’s being manufactured” rather than being cast ahead of time.

With film studios around the world struggling to cope with the fallout from the pandemic and insulate themselves from the rise in prominence of VOD platforms, The Movie Studio Inc. has taken a crucial step in attracting viewers to its movies – by giving the average film watcher the unique opportunity to be a star in their own production.

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

• Fintech innovator PowerBand Solutions is helping to maintain the vitality of the automotive market amid a pandemic-propelled recession by promoting smart tech-facilitated sales transactions
• PowerBand Solutions’ new cloud-based platform simplifies the process of non-face-to-face sales transactions while fulfilling the requirements of financing and inventory paperwork, vehicle inspections and auction negotiations
• The advent of the COVID-19 pandemic has left nearly all industries reeling on a global scale, and analysts predict the automotive industry will end the year with reduced sales at levels nonetheless higher than 2009’s recessionary figures
• American auto markets were sent reeling this spring when the COVID-19 pandemic swept ashore and began claiming large numbers of victims in-country, in tandem with nearly all other industries that suffered the economic fallout of business shutdowns, public event cancellations, stay-at-home orders and consumer fears of the unknown

At the same time, PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) began emerging as a innovative new alternative to the legacy model for car and truck sales, establishing a consumer-driven online platform that emphasizes a simplicity, speed and cost-efficiency never before available through a virtual auto sales network.

PowerBand Solutions is improving the sales experience and the necessary elements of the transaction for sellers and buyers, facilitating the transfer of money, financing and inventory paperwork, vehicle inspections and auction negotiations through a new platform that is based in the cloud.

The company began offering the loan origination piece of the platform’s bigger transaction picture this month in Texas and Florida, announcing that the company will soon expand its lease programs to California and other markets across the United States (http://ibn.fm/xDtoK).

The virtual platform is particularly timely as the pandemic’s transmission rate has driven health policy makers to urge “social distancing” as part of the measures to minimize the spread of the novel coronavirus. Social distancing helps protect people by keeping from getting too close to anyone who may be infected, but also complicates in-person economic transactions.

Analysts at market intelligence firm IHS Markit report that they expect car sales volume to slump to 13.2 million by year end from prior predictions of 16.8 million, which is significantly off the 17 million-dollar levels that have become routine in recent years but still much stronger than the 10.3 million sales reported during the 2009 recession even though April’s sales volume came in at a 30-year low for the month (http://ibn.fm/0iY8K).

The guarded optimism can be attributed in large part to the solutions virtual transactions such as those offered by PowerBand make available to businesses and consumers, as well as a continuing priority on more environmentally friendly automobiles such as electric vehicles by a certain segment of car buyers, according to the analysts.

“We have a more optimistic outlook than we did three months ago, but the reality is a down market and a recession,” IHS Markit’s principal auto analyst Stephanie Brinley stated. “We’re not going back to 17 million units for a long, long time. … As long as we’re having continued concerns about (virus infection) cases spiking, it contributes to lengthening uncertainty.”

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

• Gold outperformed all major global bond, emerging market stock benchmarks in 2019
• Gold price increased 18.4% in 2019, expected to skyrocket due to COVID-19-related economic factors
• KGS acquires and develops historic gold mining sites, extracting remaining wealth left behind using modern technology
• KGS recently entered into two options agreements for historic mining sites with proven reserves

Kingman Minerals (TSX.V: KGS) is a Canadian mining company focused on sourcing and developing historic gold and silver properties throughout North America with the aim of using modern technology to extract remaining wealth left behind by previous generations. As the world braces for a coming recession, the price of gold is expected to reach record levels (http://ibn.fm/3rxro), positioning KGS favorably to benefit from the current bullish nature of the gold sector, which is driven mainly by investors diverting capital from less tangible assets to precious metals.

According to a report by the World Gold Council gold is experiencing its strongest gains since 2010, having risen 18.4% in 2019 and with even greater results expected this year. Besides increased market risk and weak economic growth, additional factors pressuring gold upward include lowered interest rates, increased government debt levels and fears that inflation will lower the value of fiat currency. Strong capital flows into gold-backed ETFs and large purchases of gold for central banks by governments like The Communist Party of China (http://ibn.fm/Kbpjt) and the Russian government (http://ibn.fm/zCGud) all contributed to its rise in value as the metal outperformed major global bond and emerging market stock benchmarks in 2019.

KGS is leveraging this trend through the acquisition and development of historic gold mining sites, extracting the remaining wealth safely and cost-efficiently by using new, innovative technologies unavailable to previous generations. Unlike the scraping, picking and panning techniques used in the past, KGS is leveraging technological upgrades to the extraction process at its Mohave Project and Cadillac East Properties, two historical mining sites with proven reserves left behind decades ago.

Originally discovered in the Music Mountains of Arizona during the 19th-century “Gold Rush” era, the Mohave Project comprises 20 lode claims that include the historic 167-hectare Rosebud Mine. With an option agreement in place allowing KGS to earn 100% over four years, the company has access to an estimated 664,000 ounces of gold and 2,600,000 ounces of silver (http://ibn.fm/sDVzr). Besides completing two underground reconnaissance and sampling programs, the company is also in the process of verifying previous resource estimates.

Also included in KGS’s diverse asset portfolio is the Cadillac East Property located in the Canadian province of Quebec, subject of numerous geophysical and geological surveys by private corporations and the Quebec government. Totaling 12 lode claims, KGS entered into an option agreement to earn 100% over three years with additional access to other recently identified potential targets that include silver, copper, zinc and nickel.

With a focused strategy that includes enhancing shareholder value, KGS actively engages in the business of precious metal mineral exploration, acquiring non-grassroots mineral properties throughout North America and advancing their production through technological innovation. As the value of gold continues to climb, KGS is poised to benefit from its increase in price along with renewed interest in mining companies by investors looking to divert capital into the precious metal sector.

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

• Industry article notes that cryptocurrency mining space is big-growth industry
• Joint venture allows ISWH to collaborate with experienced Bit5ive team
• Company plans to run profitable, efficient crypto-mining projects; take advantage of incredible growth projected for crypto market

In a world where some of today’s fastest-growing industries weren’t even around a few years ago, ISW Holdings (OTC: ISWH), a brand-management portfolio company with diverse partnerships, appears to know exactly where to focus its efforts. At least that’s what a recent Journal Transcript article is reporting.

“New industries are appearing everywhere as the 21st century starts to stretch its legs. Maybe we don’t have flying cars yet. But we do have big-growth industries that didn’t exist at all 20 years ago. Autonomous vehicle AI sensors, Internet-of-Things Logistics, recreational cannabis dispensary, genetic engineering data analytics, and cryptocurrency mining equipment are a few examples,” stated the article, titled “ISW Holdings Targets the Crypto Mining Cycle” (http://ibn.fm/FJ9ns).

The article goes on to report that ISWH is entering the crypto mining space via a recent joint venture partnership with Bit5ive LLC; the two companies plan to develop, run and sell turnkey mining solutions.

“The turnkey crypto mining solutions revolution is upon us,” the 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. It may well be the case that ISW Holdings Inc got into this game at precisely the right time.”

In fact, the bitcoin technology market, valued at $293.66 million in 2019, is expected to reach $477 million by 2025, according to Mordor Intelligence (http://ibn.fm/q4WJg). “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,” said ISWH president and chairman Alonzo Pierce. “This new joint-venture agreement 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.”

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

• Psychedelics have shown positive results for treatment of mental health conditions including anxiety, depression, PTSD, addiction, eating disorders, ADHD
• Big pharma failed to bring drug innovations in mental health space; psychedelics may satisfy vast unmet need
• With secured delivery mechanisms and manufacturing contract in hand, Cybin appears well positioned to capitalize on growing market trend

As big pharma has failed to bring groundbreaking drug innovations into the mental health space, new data increasingly shows that psychedelics may close this gap, creating an entirely new market of safe and effective psychedelics medicines (http://ibn.fm/M6gla). Cybin Corp., a leading Canada-based, life-sciences company, is focused on developing pharmaceutical-grade psychedelic products and appears ideally positioned to make the most of this groundbreaking research.

Found in certain species of mushrooms, psilocybin — the main compound of pharmaceutical psychedelic products — has shown positive results for the treatment of anxiety, depression, PTSD, addiction, eating disorders and ADHD. As a research-first, life-science company, Cybin views mushroom-derived psychedelic compounds as brain boosters that have the potential to rebuild pathways and break negative patterns.

Psilocybin offers a scientific breakthrough in treating these conditions as it is rapidly metabolized to psilocin, which impacts serotonin receptors in the brain. With an increasing number of scientific research and clinical studies documenting that this naturally occurring, nonhabit-forming, psychedelic compound offers considerable positive effects in the treatment of mental health and other conditions, the serotonergic psychedelics today are being increasingly viewed in a new light as society embraces these benefits. Leading the wave of the mushroom-based products revival, Cybin has been laying the foundation for the moment pharmaceutical psychedelics achieve recognition in North America and worldwide.

Cybin is potentially poised to be the first company to develop psilocybin-based medicine designed to target major depressive disorders. Currently involved in structuring a clinical study that will be conducted through an academic partner in the Caribbean, Cybin has already filled a patent application for a diverse set of delivery mechanisms, identified synthetic psilocybin active pharmaceutical ingredients (“API”) sources and obtained a contract with a synthetic psilocybin oral film manufacturer.

It currently takes researchers around 12 months to get psilocybin for their studies as they wait for regulatory approval. In contrast, Cybin has secured 25mg API available immediately, which is sufficient for Phase 2a and Phase 2b trials in patients with moderate depressive disorder. The company is also in the process of developing its own proprietary API for psychedelic clinical research, with an initial focus on psilocybin and with a view of expanding to other analogs found in mushrooms (http://ibn.fm/Dh1Bp).

Cybin operates in the functional mushroom market with a goal to develop fungi-derived psychedelic and medicinal products to treat mental illness and other health conditions. The business model of this early-stage, life-sciences company includes two wholly owned core subsidiaries: Serenity Life Sciences, focused on advancing research and development of psilocybin-based psychedelic pharmaceutical products, and Natures Journey Inc., developing medicinal nonpsychedelic nutraceutical products.

According to the World Health Organization, more than 700 million individuals around the world are affected by some type of mental illness, addiction, or eating disorder. Clearly, there is a considerable unmet medical need for effective treatments for these types of mental health conditions. Led by a proven team of professionals with extensive experience in clinical trials and commercialization of new drugs, Cybin is emerging as a leader in the psychedelics space, poised to leverage its robust scientific capabilities to capitalize on the significant psychedelics-growth potential.

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

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

• SHRG announce year-end numbers that top previous record-setting totals
• Revenues for FY 2020 total $131.4 million, a 53% increase over FY 2019
• CEO notes that talented personnel, enhanced software, additional infrastructure stand to benefit the company long term

Sharing Services Global Corporation (OTCQB: SHRG), a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products and technologies in the direct-selling sector and other industries, announced its FY 2020 revenue numbers, including an increase of more than 50% over last year’s numbers (http://ibn.fm/sqe8i). SHRG announced the figures in conjunction with filing its annual SEC 10-K report.

“The last 12 months have been challenging but rewarding for everyone involved with our company,” said SHRG CEO John “JT” Thatch. “Not only have we demonstrated strong sales growth with our health and wellness products during some difficult times, but as a team we have positioned ourselves with talented personnel, enhanced software and additional infrastructure, which we feel will benefit us in our long-term mission.”

Highlights of the report include revenues of $131.4 million for the fiscal year ended April 2020; the figure represents an increase of approximately $45.5 million, or a 53% increase, compared to fiscal year 2019 revenues of $85.9 million. This fiscal year continues the pattern of record-breaking numbers for the company, which has reported cumulative sales revenues of over $225 million since the December 2017 launch of its Elevacity products.

SHRG’s proprietary line of products, which include functional beverages and nutritional supplements, is distributed through its Elevacity subsidiary. The exclusive products are carefully formulated and developed by a team of doctors, pharmacists, chemists, naturopaths, food scientists and nutrition experts, and are designed to offer a wide range of benefits.

What makes the products truly distinctive is the company’s D.O.S.E. philosophy: Each product contains a careful combination of four ingredients (dopamine, oxytocin, serotonin and endorphins) that the company calls “happiness hormones.” Research has proven that these hormones promote feelings of happiness and well-being. This philosophy underlies the company’s continued commitment to offering life-changing products and opportunities.

“We continue to explore new products and services that will benefit our hardworking distributors, loyal customers and valued shareholders, while looking at further expansion efforts before the end of this year,” Thatch concluded.

The Sharing Services combined platform currently leverages the capabilities and expertise of various companies that market and sell products direct to the consumer through independent contractors. Two of its primary divisions include Elevacity Holdings LLC., the parent of its wholly owned subsidiary, Elevacity U.S. LLC, a health and wellness products company, and Elepreneurs Holdings LLC., the parent of its wholly owned subsidiary, Elepreneurs U.S. LLC, a sales and marketing company based on utilization of independent contractor distributors who sell the Elevacity product line.

For more information, visit the company’s websites at www.SHRGInc.com, www.Elevacity.com and www.Elepreneur.com.

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