• LiveWire CEO provides progress report for development of first-ever ‘Estate-Grown Weedery’ in California
• Estrella Weedery will serve as company’s central hub for all Livewire operations

LiveWire Ergogenics Inc. (OTC: LVVV) is a health and wellness company with a focus on special purpose real-estate acquisitions and the licensing and management of high-end and permitted facilities for the production of cannabis-based products and services in California. In its flagship facility in Paso Robles, LiveWire continues to spearhead research, cultivation and commercialization in the cannabis space.

Recently, LiveWire’s CEO Bill Hodson outlined the company’s creative business model in an exclusive interview with NetworkNewsAudio (NNA).

Joined by NNW’s Stuart Smith, Bill Hodson, CEO of LiveWire, explained the reasoning behind LiveWire’s recent acquisition of the scenic 265-acre Estrella Ranch in Paso Robles, California (http://ibn.fm/hXiox). In the interview Mr. Hodson compared the business model for the newly acquired ranch to that of a winery and the buildout of the space as a vertically integrated property that includes a wide variety of cannabis related activities such as cultivation, extraction and testing special events and the development of a high-quality brands and more, all in one location.

More than five years ago, LiveWire began testing the CBD/Cannabis market. Now the company keeps expanding its position in the multibillion-dollar industry and continues to increase its statewide distribution for its subsidiary’s statewide distribution network (http://ibn.fm/STYua) via a permit from the California Bureau for Cannabis Control.

With LiveWire’s purchase of the Estrella Ranch property, the company has taken the next step in establishing itself as one of the leading and legal cannabis firms in the State. The site contains multiple residences along with equestrian facilities, and other structures that will be seamlessly transformed into the world’s first ‘EstateGrown Weedery’. The enormous potential of this exceptional site includes room for both indoor and outdoor cultivation. LVVV is in the advanced stage of forming partnerships with third party operators to begin operation on the Ranch and has made significant progress in the required buildouts. Livewire also plans to eventually transform a portion of the ranch into a cannabis-related wellness and educational retreat.

In the NetworkNewsAudio interview, LiveWire’s CEO explains how the company’s new property has the power, infrastructure, water supply and ideal micro-climate to produce high-end products. The ranch is poised to become LiveWire’s central location, which will eventually house the company’s many operations. By doing their due diligence with legal and environmental research as well as securing all necessary permits, LiveWire team members feel that the wheels are in motion as they continue to take exciting steps forward in the health and wellness industry.

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

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

• Spectrum Global Solutions reports third quarter 2019 financial results
• Closes acquisition of global battery technology company WaveTech GmbH
• Receives $6.9 million in new contract awards

With the recent acquisition of WaveTech GmbH, Spectrum Global Solutions Inc. (OTCQB: SGSI) has strengthened its support capabilities for telecommunications companies building the new 5G infrastructure. The acquisition has also opened the door to new markets for Spectrum’s core business, particularly in Europe, Asia and Africa, where the acquired entity maintains several key relationships. Spectrum expects to benefit from substantial economies of scale by capitalizing on the cross-selling opportunities now made possible. The company announced the acquisition and several other positive developments in its release of financial results for Q3 2019, including close to $7 million in new contracts and establishment of a Canadian subsidiary (http://ibn.fm/oQkVm).

The WaveTech GmbH acquisition marks a new chapter in Spectrum’s remarkable success story (http://ibn.fm/qm0aZ). Since starting operations over three decades ago, the company has successfully executed over 150,000 projects. Spectrum has delivered cost-effective, scalable, robust solutions for communication carriers, utilities, enterprise companies, OEMs and others. As 5G rollout accelerates, the company’s opportunity pipeline has swelled to around $137 million. The WaveTech GmbH add-on is expected to turn many of those opportunities into positive outcomes.

WaveTech GmbH is a global German technology company, currently working with a Fortune 1000 client base, that provides energy management, data analytics and monitoring services extending the useful life of battery systems. The company’s patented Crystal Control Technology (CCT) (registered), the product of over a decade of R&D efforts in Norway and Germany, prevents the buildup of non-soluble lead sulphate crystals in lead-acid batteries. CCT also prevents the degradation of the active materials microstructure, the primary cause of failure for over 80 percent of batteries. The CCT technology is expected to ensure significantly longer lifespans for batteries used in telecommunications networks, data centers and similar applications.

The services offered by WaveTech GmbH complement Spectrum’s core communications network infrastructure and maintenance solutions. The union of the two companies will allow the marketing of WaveTech’s GmbH’s globally patented CCT technology to Spectrum’s existing customer base, thus helping clients reduce the capital expenditures required for power supply systems, as well as improving the reliability of their battery back-up systems. Consequently, the merged entity is expected to benefit from considerable economies of scale.

Spectrum is now operating in Canada. The company has established a subsidiary – ADEX Canada – to address network infrastructure services opportunities with both new and existing tier-1 clients in the Canadian market. ADEX Canada will offer turnkey project staffing solutions that include engineering, furnishing, installation, testing and integration services for wireline, wireless, broadband, VoIP, 4G/5G and public safety communications networks.

Moreover, Spectrum has signed a total of $6.9 million in new contracts, composed of work orders from both new and existing clients. These new contract awards are in addition to any revenue derived from existing master services agreements already in place with tier-1 carriers and infrastructure aggregators. They include a 3-year, nationwide contract renewal with tier-1 U.S. telecommunications company for outside plant labor, construction and maintenance services through the Company’s ADEX subsidiary, as well as a new contract, through the company’s AW Solutions subsidiary, with a tier-1 infrastructure aggregator in support of 5G network deployment in a major U.S. metropolitan area.

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

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

• Company reports revenue growth of 176%, gross profit increase of 30%
• Acquisition of Direct Solar has exceeded revenue growth targets; subsidiary projected to reach $15 to $25 million in contract origination in 2020
• Following successful product introduction at NACS 2019, SING launches wholly owned 1606 Original Hemp cigarette

SinglePoint Inc. (OTCQB: SING), a leading technology and acquisition company, has announced its financial results for third quarter 2019 (http://ibn.fm/pBpnv). Highlights include a revenue increase of 176% over the same period in 2018 and a gross profit increase of 30%. The revenues and gross profit are on an upward swing. This is the first time SING has done over $1 million in a quarter.

CEO Greg Lambrecht announced increased revenues and profits on ‘MoneyTV with Donald Baillargeon’ (http://ibn.fm/Xpqzy), noting that SinglePoint’s future looks promising. “Our projection for fourth quarter is closer to $3 million. This isn’t stopping,” stated Lambrecht. “This is going in the right direction, and we couldn’t be happier. Last year in Q3 we did $381,037, which is no small number, but to do a million this quarter of 2019 is just amazing. The revenues I’ve been talking about for the past three to six months are starting to come in.” He went on to share that shareholders are beginning to see profit growth, adding that “the stock will be soon to follow.”

Direct Solar, a leading residential and commercial solar brokerage and SinglePoint’s most recent acquisition, has exceeded revenue growth targets and is a key part of SING’s success. According to Lambrecht, the company’s revenues will continue to grow as Direct Solar continues expansion into new markets. In Q3 Direct Solar (http://ibn.fm/D3icO) achieved in multiple areas:

• originated $4,965,975 in contracts
• opened in three new states
• launched high school partnership programs with 47 Texas high schools
• signed a memorandum of understanding with SchollyMe, a social-media app with an international footprint, to develop online and mobile solar purchasing ability
• launched Direct Solar Capital and Direct Solar Commercial

The acquisition has created a solid financial base for SING and is projected to reach $15 to $25 million in contract sales in 2020 (http://ibn.fm/wXDu3).

However, Direct Solar is not the only area where SING is leading the way forward. The company has seen major success selling pre rolled hemp. SinglePoint saw major success at the National Association of Convenience Stores (NACS) Show in October, shipping multiple orders to both distribution and retail clients. The product’s success at NACS drove the company to create the wholly owned brand 1606 Original Hemp (http://ibn.fm/PV8r0). SING is working to expand the brand quickly through both retail and distribution sites, as well as a new ecommerce site (http://ibn.fm/UJsA9) currently in development. SinglePoint also plans to introduce the innovative hemp cigarette to additional retailers at the MJBIZCON, slated for December 11-13 in Las Vegas.

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

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

• While ongoing cryptocurrency volatility has engendered forecasts of a bearish market for alt coins, long-term enthusiasts remain upbeat about macro trends
• The market volatility pushes strategy-builders to adopt quick and efficient trade platforms that can transact cryptocurrencies before circumstances change
• Xalles Holdings is a solutions builder in helping large business and government entities with e-commerce, payments and financial reconciliation issues, which includes responsiveness to market movements
• On the heels of five consecutive revenue-building quarters, the company remains bullish on crypto and is anticipating the delivery of its new X2X software platform for reconciling financial transactions in business and government payment applications

The prediction by some traders that cryptocurrencies have entered a bearish market despite a rapid upward move last month (http://ibn.fm/PBePz) showcases the ongoing volatility of altcoin backers. While divergent financial strategies drive some forward-thinking investors to prefer fiat-partnered digital trading options, the currency independence of vehicles such as Bitcoin remain popular with their enthusiasts amid a number of international events highlighting the coins’ potential and pointing to the stability of the coins’ early adopters (http://ibn.fm/MQeEC).

Xalles Holdings Inc. (OTC: XALL) is a fintech holding company dedicated to offering a Cryptocurrency Trading Engine through a revenue-sharing agreement between one of its subsidiaries and automated cryptocurrency trader All The Numbers Trading Company, LLC (d/b/a ATN Trading). The trading engine enables quick and efficient cryptocurrency transactions — a necessity given the continual, relatively high level of volatility in the cryptocurrency markets (http://ibn.fm/tqNzr).

Bitcoin’s potential for growth remains entrenched as market watchers search for signs that fears of a pending recession are beginning to fade amid upbeat trade news between the United States and China. That could renew investors’ willingness to embrace risks, and boost Bitcoin’s fortunes on the stock market’s coattails (http://ibn.fm/pQNyo).

The cryptocurrency macro trend driving alt coin adoption remains a generational awareness of the benefits stemming from mobile payment platforms, the pitfalls of global debt imbalances and the sometimes poor performance of other asset classes (http://ibn.fm/p4EfW).

Business Insider Intelligence predicts the growing popularity of mobile payment systems and the dwindling dependence on cash currencies will push non-cash transactions over the one trillion mark by 2023 (http://ibn.fm/h7ARy).

More than a mere cryptocurrency adopter and fintech accelerator, however, Xalles offers investment management, a proprietary software platform for financial transaction reconciliation and post-payment audits, and non-profit fundraising platforms in addition to the company’s payment management operations.

“The structure and growth plan for the company contains a balance of diversity and synergy so that we can effectively use limited resources to obtain the best results,” Xalles Holdings CEO Thomas Nash stated in announcing the company’s most recent quarterly financial filing (http://ibn.fm/6AkEY).

The filing established the company’s fifth consecutive revenue-producing quarter and expectations for growth with a proprietary X2X software system for reconciling financial transactions in business and government payment applications that will also have functionality in post-payment auditing. The new version of that system will be deployed during the coming year.

At its heart, Xalles is about providing payment solutions to consumers while helping large businesses and governmental entities with their complex payment management needs by the development of solutions adapted to the clients’ circumstances. Those solutions not only shore up electronic payment systems; they undergird customer retention and new customer procurement.

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

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

• OriginClear makes wastewater treatment widely available, looks to capitalize on growing market
• OCLN offers unique wastewater treatment, conveyance products that benefit investor, user, environment
• OCLN developing demonstration unit that offers solutions to saltwater-disposal-well problems in Permian Basin

OriginClear Inc. (OTC: OCLN) tackles tough water challenges across the world with breakthrough water-treatment and conveyance products. In 2020, global water-related industries are set to be a trillion-dollar market as water scarcity looms and infrastructure continues to break down (http://ibn.fm/lqJUP). Yet, a mere 20% of wastewater is ever treated, which means that the market is only a fraction of the size it should be (http://ibn.fm/9KnO2). Up until this point, however, growth in the wastewater-treatment arena has been limited by costly central water treatments and strict water rules that municipalities struggle to keep up with.

OriginClear looks to capitalize on this potential market by decentralizing water treatment and conveyance with cost-effective and eco-friendly infrastructure. The OriginClear approach makes it possible and practical for people to have clean water with on-premise, closed-loop water systems, therefore empowering clients since they no longer have to rely on municipalities for water.

In a recent interview on a syndicated TV program OriginClear CEO Riggs Eckleberry outlined the company’s plans to address water problems in the Permian Basin. Eckleberry explained that many of the big players in the Permian Basin are hoping to diversify and are looking to invest in new lines of business. The Permian Basin currently faces a major issue with saltwater disposal wells (SWDs) in the area running dry, and the OriginClear CEO sees these SWDs as the “lowest-hanging fruit” and greatest investment opportunity (http://ibn.fm/axce9).

OriginClear offers a way to effectively reuse the water, thus helping prevent SWDs from going dry and significantly extending the life span of the wells. Additionally, OriginClear’s modular water treatment and conveyance can be used in other ways in the Permian Basin. For example, water needed for fracturing sand wash can be reused with OCLN systems.

However, the re-use of water, Eckleberry noted, is less of an urgent problem than the SWDs, which he calls “the big opportunity.” While nothing is official yet, the CEO revealed that the company has agreed to move ahead with a joint venture to develop a demonstration unit for the Permian area.

Eckleberry observed that the water industry moves slowly; it is complex with many moving parts as well as restrictions. This creates a significant amount of resistance to new ideas. Eckleberry believes that one of the benefits of OriginClear’s specific initiative in the Permian Basin is that the approach is something everyone can get behind; it’s simply a way of cleaning and reusing water that is already being dumped, he explained. Because of that, no changes have to be made to the overall process.

“We step out of the sort of critical operations area, create a win, and it then generates this funding opportunity for the large investors who are trying to diversify,” Eckleberry said in a news release. Once this succeeds, the OriginClear team hopes to explore other water-treatment projects in the Permian Basin to improve systems and benefit the environment.

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

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

• SRAX reports Q3 results, shows significant sales increase
• Company continues to make platforms more accessible internationally
• SRAX added partners, including nonprofit associations that give BIGtoken users opportunity to donate earnings to worthy causes

SRAX Inc. (NASDAQ: SRAX) is a digital marketing and data management technology company. Through SRAX’s BIGtoken platform, consumers have the opportunity to both own and monetize their data.

On September 30, 2019, SRAX reported significant Q3 results. On the financial side, the company saw a vertical sales increase of 17% along with a net income of $1.4 million (http://ibn.fm/99oDl). These gains arose out of a critical quarter for the company that included multiple milestones, including a full integration for international users and the first steps in the process of offering BIGtoken in multiple languages.

Christopher Miglino spoke about the traction that the company’s platforms are gaining, noting that “sales from existing platforms grew 11% and 17%, for Q3 2019 compared to Q2 2019 and Q3 2018, respectively, and are already benefiting from advances in BIGtoken.”

Currently a significant backlash is taking place over the privacy of data between consumers and big social media platforms such as Facebook, Twitter, Snapchat and LinkedIn. SRAX is helping consumers take control over their personal data; its BIGtoken website notes that “as a consumer, you are a commodity that generated billions in revenue last year — and none of it went to you” (http://ibn.fm/6AIZ4).

Consumers can use the BIGtoken app to see how much they have earned from marketers. In addition, using the app, consumers have several opportunities to make money from data that is already being taken for free from social media platforms. For instance, BIGtoken platform users can earn points through surveys and location check-ins as well as earn rewards through purchases. Consumers can redeem their points for cash or gift cards, but the app also provides other choices. SRAX has partnered with a number of nonprofits, including the American Heart Association and HealthCorps, to give BIGtoken users the option to donate their earnings to worthy causes.

The BIGtoken app continues to grow in popularity as the company enhances its features. Currently more than 16 million SRAX users exist worldwide, and this number continues to grow. The company recently formed strategic partnerships in India and the Philippines to help increase the number of users.

Based in Los Angeles, SRAX is a digital marketing and data management technology company focused on building the largest and most valuable opted-in data set in the world. SRAX’s technology unlocks data to reveal brands’ core consumers and their characteristics across marketing channels. SRAX delivers a competitive advantage for brands in the CPG, automotive, investor relations, luxury and lifestyle verticals.

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

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

• TGOD’s ability to secure significant capital reflects its establishment in industry and strong governance foundation
• The financing plan involved several components, including a sale-leaseback of Ancaster Energy Centre, a $40 million construction mortgage loan with an investment fund, and a $30 million convertible note.
• Company plans for utilization of capital include completing construction of its various facilities and achieving national product distribution

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, recently signed agreements for increased funding amounting to up to $103 million. The company’s ability to secure capital at a time when cannabis companies are weathering the winds of a somewhat tempestuous market indicates investors’ faith in TGOD’s sound business practices, significant assets, and strong governance policies. TGOD is uniquely positioned in the industry as one of the only certified-organic cannabis companies, which when coupled with its recent funding acquisition shows its potential for strong growth in the cannabis sector.

The company’s diverse financing package consists of three pieces (http://ibn.fm/pxuqk), which include “a definitive agreement for a sale-leaseback of the Ancaster Energy Centre, a construction mortgage loan term sheet, and a convertible equity note term sheet.” The agreement for the Ancaster Energy Centre is non-dilutive, denotes proceeds of $23 million, and carries a 10-year term, after which TGOD is able to repurchase the center for $1.

A term sheet with an investment fund for a $40 million construction mortgage loan has also been signed, secured on the facilities at Ancaster and Valleyfield. With this term, $15 million will be payable on closing, with an additional $25 million advance available to TGOD once certain operational milestones are achieved later in 2020. The last segment of its financing involves TGOD’s entrance into a term sheet with an investment fund for a $30 million note with a 5% coupon, which is convertible into common shares of TGOD. These terms indicate that TGOD would receive $10 million upon closing with $20 million immediately placed into escrow to be released as the note is converted into common shares. Closing of the two non-binding term sheets is subject to various conditions, including entering into legally binding documentation, satisfactory due diligence and the receipt of required regulatory approvals. The company expects to close these transactions by the end of Q4, 2019, but there can be no assurance that the transactions close on that time frame or at all.

“Our ability to raise capital, despite recent headwinds affecting the entire sector, is a clear show of confidence from our financial partners,” TGOD CEO Brian Athaide stated in a news release. “It is reflective of the value of our significant assets, the trust investors are putting into TGOD’s strong corporate governance, transparency and accountability, and the opportunity for the company’s unique positioning to quickly capture and grow the organic segment.”

The Green Organic Dutchman, one of the few certified-organic licensed producers in Canada, has garnered industry attention because of its ability to cultivate premium product at competitive costs, due in large part to its industry partnerships, passion for product excellence, and sound governance principles. The company has accrued a significant following among cannabis enthusiasts and was recently described as one of the best licensed Canadian cannabis producers (http://ibn.fm/yENYp).

TGOD intends to use its increased capital from the financings to continue executing its plan for “rapid yet disciplined expansion,” focusing concretely on near-term profitability. In this vein, raised capital will be used to accomplish the following:

• Complete construction of the processing facility at Ancaster
• Complete construction of six zones in the Valleyfield hybrid greenhouse and enclose the balance of the facility with the ability to quickly expand production as the market develops.
• Provide adequate cash for working capital needs to bridge until the company anticipates generating positive operational cash flow
• Achieve national distribution of TGOD products in early 2020

The company continues to work toward its mission of nurturing a community focused on a sustainable way of life. With significant funding to power its multifaceted growth strategy, TGOD is well-positioned for continued success in the organic-cannabis sector.

For more information, visit the company’s website at www.TGOD.ca

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

• Uber Technologies pioneered the open-access peer-to-peer ride-sharing model a decade ago, and is now operating in 67 countries with investment in multinational services continuing to grow
• Increasing concerns about criminal incidents and other problem behaviors has led the company to enhance its responsiveness to users’ safety, in regard to both drivers’ and passengers’ well-being
• The newest feature to launch will be an audio recording that can be enabled by either a driver or a passenger as an evidentiary tool
• The feature will test launch in Mexico and Brazil in December, with expectations of introducing it in the United States at a future point once state-by-state privacy laws are adequately addressed

Global peer transportation pioneer Uber Technologies Inc. (NYSE: UBER) is preparing to roll out an audio recording feature that will further enhance its safety measures in an attempt to provide peace of mind to the service’s drivers and passengers.

The feature will allow passengers and drivers to activate inalterable, encrypted audio recordings that users can ask the feature to submit to Uber’s customer support team if there is a need to report a safety issue, according to media reports confirmed by the company (http://ibn.fm/lB2lK). The recording will serve as a tool to help users “prove” the nature of a complaint if necessary.

Uber will store the recordings in case the user decides to submit a report after some delay following an incident, according to the company.

Uber has been increasing its responsiveness to safety concerns during recent months following a number of troubling situations reported to the company that have also gained media attention, including incidents in which alleged criminals have falsely presented themselves as Uber drivers in a bid to harm riders using the service. The company launched its Campus Safety Initiative to help students learn how to avoid fake ride share drivers (http://ibn.fm/bZiqK), followed by a new RideCheck feature that uses smartphones’ location sensors to analyze the movements of Uber’s vehicles (http://ibn.fm/KQI3W) and an in-app panic button for contacting 911.

The newest safety feature will begin testing in December in Mexico and Brazil, with plans to introduce it to the United States at an as-yet undetermined time afterward.

“Laws in the United States around consent to being recorded can vary from state to state, but we hope to be able to make this available nationally,” an email written by an Uber executive and subsequently published by The Washington Post states (http://ibn.fm/l2ajx).

Many states’ privacy laws require that all persons who may appear in an audio recording be notified and consent to being recorded, while some states only require that one person – ostensibly the one making the recording — be aware of the recording. Uber’s initial approach is to issue a blanket statement to the service’s users to notify them that they may be subject to an audio recording.

“We have taken a position that whenever you are in an Uber, the feeling that we want both parties to have is ‘the lights are on,’” Uber safety products director Sachin Kansal told The Post. “That leads to safer interaction on the platform.”

There is no notification sent to the driver or rider when the recording begins, part of an effort to avoid potentially escalating an already worrisome situation. Drivers can set the feature to automatically record all transports.

Mexico and Brazil, where the feature’s rollout will occur, represent Latin America’s two largest markets. Uber was operating in 67 countries as of its November 5 quarterly filing with the U.S. Securities and Exchange Commission (http://ibn.fm/MsXEf), covering the period through the end of September. The lion’s share of the company’s revenues come from operations in the United States, but the company continues to make significant investments to expand its international operations and compete with ride share services that are local to foreign markets.

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

• Revenues for the nine months ended September 30, 2019 also increased 293% to $161,720
• Company is selling SofPulse(R), its noninvasive Electroceutical(R) therapeutic device, in 7 hospitals, 11 surgery centers and 14 other medical facilities
• The device is currently under evaluation in 112 other healthcare facilities and Endonovo expects to become a premier supplier to hospitals nationwide for post-operative pain management

Commercial-stage developer of innovative medical devices Endonovo Therapeutics Inc. (OTCQB: ENDV) reported its financial results for the third quarter of 2019 via a press release issued on November 19, 2019 (http://ibn.fm/OfcoV). According to the announcement, Endonovo’s revenues increased by 153% to $54,039 in the third quarter of 2019, compared to $21,306 in the third quarter of 2018. Revenues for the nine months that ended on September 30, 2019 increased 293% to $161,720, as compared to $41,132 for the same period last year.

While the results fell short of initial projections, the company’s achievements in the first nine months of the year have been nonetheless significant, especially in what regards the national rollout of its flagship product, SofPulse(R) Electroceutical(TM) Therapy. A bioelectronics pain management device, Endonovo’s proprietary SofPulse(R) uses electromagnetic waves to speed up recovery by reducing inflammation. The device can treat cardiovascular diseases, inflammatory conditions, and central nervous system disorders such as traumatic brain injury acute concussions, post-concussion syndrome, and multiple sclerosis. The device also facilitates surgical wound recovery.

According to the company press release, SofPulse(R) is currently being used in seven hospitals, 11 surgery centers and 14 other medical facilities, and is being evaluated in other 92 hospitals and 20 additional medical centers. “The national rollout has been successful, however, hospitals testing and evaluation periods have been longer than initially expected. We respect the process, the policies and procedures some hospitals have before accepting a product into their medical facility and as part of their post-operative pain management protocols,” Endonovo Therapeutics CEO Alan Collier said.

The Electroceutical(R) Therapy device has prospects to reduce the need and intake of prescription drugs over the long term. Studies have shown a greater than 2.2-fold reduction in narcotic use over the first 48 hours post-procedure in patients using SofPulse(R), according to company data. Use of the device leads to a 500% increase in new blood vessels, 59% increase in surgical wound recovery, 57% reduction in pain at one-hour post-op, 55% less pain medication, and 50% less inflammation. SofPulse (R) works by restoring key electrochemical processes that initiate anti-inflammatory and growth-factor cascades necessary for recovery to occur.

The company currently has 113 trained sales representatives and masmter principals deployed across 50 states, and its main focus is to expand operations and get its Electroceutical(R) Therapy in use at as many healthcare facilities as possible. “We continue to expand our client base and have seen significant traction in building Endonovo into a premier supplier to hospitals nationwide for post-operative pain,” Collier said. Plans to conduct studies and trials for additional medical indications such as myocardial infarction, chronic kidney disease, post-concussive syndrome and others have been shelved for the time being until the company becomes profitable.

According to Collier, the company is making bold decisions to accelerate operations and take full advantage of the multiple opportunities presented by the fast-changing post-op pain management market. “The opioid epidemic has been a global catastrophe and we remain committed to being at the forefront of replacing opioids in a natural and safe manner. We are targeting areas to drive improved marketing performance and are confident we are pursuing the necessary changes to deliver superior shareholder value,” Collier concluded.

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

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

• Pharmaceutical services business Trxade Group recently reported its third quarter financials, showing a new record for revenues amid continued growth in the company’s business-to-consumer operation and services to independent pharmacies
• The company’s revenue growth amounted to a 173 percent year-over-year increase for the quarter
• Trxade Group’s quarterly report also showcased growing gross profits (with a decreasing gross margin), shareholder equity and operating income
• The company offers a web-based platform that maintains market intelligence on over 20,000 medications and provides pricing and supply alerts to members to help them secure the best possible prices
• Subscription in Trxade Group’s platform continued to grow during the quarter, adding 431 independent pharmacies, which amounts to a nine percent increase over the prior quarter and a 54 percent increase over the prior year

Third quarter financial results reported recently show Trxade Group Inc. (OTCQB: TRXD) is continuing to maintain a profitable integrated pharmacy services operation while working to redefine the health care industry for the betterment of small independent pharmacists nationwide.

Trxade Group’s acquisition of Community Specialty Pharmacy, LLC last year continues to drive the company’s revenue benchmarks, delivering sales that lifted the company to record revenues of $2.3 million for the quarter and nine-month year-to-date revenues of $5.7 million, which amount to increases of 173 percent and 126 percent over previous year figures, respectively, according to the company’s news release (http://ibn.fm/52imL).

Gross profits for the third quarter rose in tandem with the revenues, increasing from $845,126 last year to $1.3 million this year. For the year, through the end of September, gross profit was $3.6 million with a gross margin of 63 percent, improving from $2.5 million and 99.5 percent a year earlier.

According to the company, the improvement reflects “a sales mix with greater revenue from Specialty pharmaceutical sales, which carries a higher cost of sales, reflecting the lower margin, than the Company’s other revenue sources.”

In the process, shareholder equity increased to $3.9 million and the company’s debt was reduced, showing the strength of Trxade’s financial controls and operational plan. Operating income also increased by 94 percent, marking the seventh quarter in a row that the company has had positive operating income.

“During the third quarter of 2019, we made excellent progress in our core proprietary B2B trading platform www.Trxade.com, which enables independent pharmacies to purchase drugs at discount prices compared to their primaries, enabling us to experience top and bottom line growth,” Chairman and CEO Suren Ajjarapu stated in a news release. “Additionally, we are investing in core infrastructure for our B-to-C (Community Specialty Pharmacy) business in our wholesale, e-commerce and delivery capabilities as increasing pharmaceutical prices drive independent pharmacies, payors and consumers to be more aggressive in sourcing medication.”

The company is currently preparing to begin the process of upgrading to regular Nasdaq listing.

The Community Specialty Pharmacy (or ComspRX) business’s online extension obtained certification as a legitimate and reputable pharmaceutical operation by LegitScript, an independent third-party compliance organization utilized by Google, Facebook, Visa and Mastercard to vet drug advertisers on their platforms. ComspRX holds 15 state licenses, having been certified by non-profit organization Accreditation Commission for Health Care (ACHC).

The Florida-based Trxade Group pioneered the supplier-to-pharmacy trading platform. The platform helps independent pharmacies avoid the difficulties that come with losing reimbursement costs and helps them identify the most competitive prices available for preferred prescription drugs. Pharmacy subscriptions to the platform have grown steadily, adding 431 new independent pharmacies during the third quarter – a nine percent increase from the prior quarter and a 54 percent increase from a year earlier.

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

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