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OneMeta's AI Transforms Global Communication With Cutting-Edge Translation And Transcription

Benzinga

By Meg Flippin, Benzinga Though it has its downsides, in the right hands, Artificial intelligence (AI) can help overcome communication barriers, enhance human interactions and automate complex business processes. Thanks to AI and machine learning, computers and digital devices can recognize, understand and produce text and speech. ChatGPT, the popular AI chatbot developed by OpenAI and Microsoft Corp. (NASDAQ: MSFT), is an example of the power of NLP – but it's not the only one. Translate And Transcribe In Seconds OneMeta Inc. (OTC: ONEI), the AI-powered translation and transcription services company headquartered in Bountiful, Utah, is making a name for itself thanks to its advanced technology that translates and transcribes spoken and written words in seconds across multiple languages. Its technology can be used in various settings and across industries, including education, finance, healthcare and legal. Whether attending a live event, participating in an online meeting or talking on the phone, OneMeta's technology offers real-time speech translation and transcription with live captions. Its VerbumCall product enables real-time translation over the phone in more than 150 languages. Meanwhile, VerbumOnSite enables attendees at live events to scan a QR code to access real-time captions in over 150 languages directly on their phones. Microsoft Likes It Then there’s Verbum for Microsoft Teams, which allows multilingual groups to come together in meetings. Each attendee chooses the language they are speaking in and the language they want to see captions and chat in. As each person speaks in their preferred language from a list of 95+ languages, it is translated in near real-time for the rest of the group. In April, OneMeta’s Verbum for Microsoft Teams received Microsoft Co-Sell Ready Status which means its product was added to Microsoft’s Teams store, AppSource Marketplace and the Azure Marketplace. That will likely boost the product’s recognition and drive sales. "Since OnceMeta just achieved Microsoft Co-Sell Ready Status we are seeing significant interest from potential customers who want to apply the Verbum software to their usage of Microsoft Teams in the 140+ languages we offer,” said OneMeta CEO Saul Leal. “We can bring our AI for translation and transcription to all enterprises without compromising privacy, compliance and data security," Alessandro Balzarelli, director at Microsoft Industry Solutions Engineering, concurred, saying the software giant expects to see Verbum’s adoption and growth by enterprises that need multi-language translation and transcription pick up. “Verbum empowers Microsoft Teams users to be more efficient and more inclusive within their own organizations and with their own customers," he said. After researching various niche industries where AI technologies would have a disruptive impact, OneMeta selected NLP technology to pursue because it believes it will have the most measurable impact and economic traction in the months to come. It's also a big business. In 2023, the global natural language processing market was valued at $24.10 billion. By 2032, it is expected to reach $158.04 billion, growing at a CAGR of 23.2% during the forecast period. Breaking Barriers, Landing New Customers OneMeta is also constantly enhancing its technology to be even faster and more seamless. That drive was on display recently when the company announced it reduced the translation and transcription speed of over 150 languages and dialects to less than 200 milliseconds. OneMeta said the breakthrough allows for the near-instantaneous interpretation of spoken content into multiple languages simultaneously, all on the same audio channel. The process is so swift it is virtually unnoticeable to both listeners and readers, surpassing the speed and accuracy of human interpreters and any existing competitive technologies, OneMeta reports. “Unlike traditional human interpreters who need to hear a full sentence before beginning translation, our technology operates on simultaneous near-real-time interpretation. This means audiences can follow conversations in real-time without the delays typically required for translation,” said Leal. “As a result, meetings can proceed at their scheduled pace, potentially reducing the time spent in meetings by up to 70%. This efficiency not only streamlines communication but also represents significant cost savings for our clients in their interpretation and translation budgets." The benefits were enough for OneMeta to land the Archdiocese of Oklahoma City as a new customer. The Archdiocese is using Verbum translation and transcription services to communicate with its multicultural parishioners. OneMeta expects more Archdioceses in many countries to adopt its technology. AI is here to stay, and while there are reasons to be concerned, with the right companies this technology can disrupt and transform industries, break down communication barriers and connect the world wherever people are. OneMeta recognizes the power of AI and has created a stack of AI-driven products that remove the language barriers that keep people apart. With demand for NLP growing, the OneMeta story is one to watch. Featured photo by Markus Spiske on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 29, 2024 08:45 AM Eastern Daylight Time

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PipFarm Enters Trader Evaluation And Funding Niche With Experience-Focused Program

Benzinga

By Gerelyn Terzo, Benzinga A recently launched funded trader firm named PipFarm, led by seasoned industry executive James Glyde, has been garnering some attention since it launched in March. As the former chief commercial officer of cTrader, Glyde launched PipFarm with cTrader as a solution to recent trading platform disruptions that have left online traders scrambling. Existing prop trading firm players experienced operational disruptions recently amid restrictions involving access to MetaQuotes platforms. They struggled to recover from the situation, due to no backup or continuity plan. Traders have essentially been left out in the cold, with many feeling like there are no suitable alternative platforms to use. Due to the latest industry disruptions, many traders and even prop firm founders are led to believe the current prop-trading model is unsustainable, blaming the business model itself. In reality, the failure can largely be traced back to the leadership level. The industry’s knee-jerk response to market disruptions has been the introduction of new evaluation models, including the implementation of 2% daily profit caps. The caps are meant to prevent gambler-like activity. But they’ve backfired among traders who are missing out on opportunities, especially during strong market movements in which traders typically thrive. Instead of fostering traders’ ambitions, many firms started punishing traders with the gambler stigma and gaslighting. But if many prop firms are honest, they’d admit that if they didn’t have enough money to pay out traders after a period of downtime, it means they did not have enough liquidity to begin with. Take prop trading giant True Forex Funds, which sadly was forced to shutter its operations permanently after facing a worst-case scenario in which it went bankrupt. Thousands of traders were left with more questions than answers around whether or not they’d get their money back. True Forex Funds CEO Richard Nagy blamed the MetaQuotes fiasco, which set off a chain of events including the depletion of savings that resulted in the firm’s insolvency. Fortunately, traders have another alternative: PipFarm. The platform seeks to usher in the next generation of forex traders with its battle-tested cTrader platform, known for its stability and user friendliness for traders at all levels. Volatile financial markets have taken a toll on prop trading. For instance, U.S.-based The Funded Trader was forced to pause operations due to customer payout issues. Other firms that were also shut down include Skilled Funded Traders and My Forex Funds. This response left traders with fewer choices for funding opportunities, causing them to wonder if their best days were behind them. The truth is the next chapter of online trading has only just begun, for the right players. In this environment, online traders need to be more selective about their trading partners more than ever. So, what inspired PipFarm’s founder to launch amid such a volatile landscape? PipFarm’s secret weapon is Glyde’s vast experience in the fintech and online trading worlds. Glyde spent over a decade as a fintech executive, so he understands the risk management paradigm. cTrader integration also highlights the company’s commitment to stability, especially in light of the fact that MetaQuotes recently terminated support for multiple brokers, pushing them to integrate alternative platforms like cTrader. “Unlike most of our competitors, we built our own dashboard and risk management system, giving us unlimited flexibility to innovate our product,” said Glyde. Glyde’s unique perspective is needed in the industry now more than ever considering recent market developments that have left many prop trading firms with a regulatory target on their backs. Instead of sitting on the sidelines and watching as the industry caves to changing rules, he decided to do something about it with the creation of a new firm and funding program. Funded Trader Platform Mechanics As a funded-traded platform, PipFarm allows remote forex traders to trade with the firm’s capital and share in the profits. Upon passing a trading evaluation, you can qualify for up to $200,000 in funding. The more successful you are, the more funding will be extended to you to continue upward on your growth path. When traders uncover successful trading strategies, the firm is also able to harness those ideas for its own activities. PipFarm won’t dictate your trading strategy, whether it’s automatic or manual. Glyde is interested in empowering users and helping them to grow while offering support along the journey. Some of the key features of PipFarm’s first-generation cTrader platform include: Payouts: Earn payments for the pips generated in your account. Keep up to 90% of the pips you earn. Your profit share is commensurate with your trading performance. Leverage: PipFarm offers 1:30 maximum leverage by product. Scaling: Meet targets and get rewarded with additional funding rounds. With access to lower commissions, higher leverage and anytime payouts, PipFarm’s model is transparent. Their main priority is to set forex traders up for success. Traders looking to make their next move may benefit from PipFarm’s cTrader capabilities, branding and features. Those who do so will be able to say they were a part of the original PipFarm funded trader platform that delivers lifetime perks to the forex community. Get started with your funded trading journey with PipFarm by clicking here! Featured photo by sergeitokmakov on Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 29, 2024 08:35 AM Eastern Daylight Time

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Oncotelic Therapeutics (OTC: OTLC) Inks Deal With Mosaic ImmunoEngineering To Sell Clinical-Stage Necroptosis Cancer Therapy Assets

Benzinga

By Faith Ashmore, Benzinga The global retinoblastoma treatment market size was estimated to be $2.62 billion in 2023 and is expected to reach $4.20 billion by 2034 with a CAGR of 4.38% over 2024-2034. Rising incidence of retinoblastoma, early diagnosis and treatment, increasing healthcare expenditure, growing awareness of retinoblastoma treatment options, development of new treatments and government initiatives will drive the market’s growth. Recently, the FDA granted accelerated approval to Iovance Biotherapeutics’ (NASDAQ: IOVA) lifileucel (Amtagvi) to treat inoperable or metastatic melanoma, making it the first and only one-time tumor-infiltrating lymphocyte (TIL) therapy to be greenlighted for solid tumors. Lifileucel is manufactured by collecting and expanding a patient’s unique T cells from part of their tumor and then infusing them into that patient to fight the cancer. Oncotelic Therapeutics (OTCQB: OTLC) is looking to develop similar treatment therapies for ocular cancers, including retinoblastoma and uveal melanoma. The technology is named necroptosis therapies. Oncotelic and Mosaic ImmunoEngineering, Inc. (OTC: CPMV) are developers of necroptosis therapies. The recent approval of TIL cell therapy demonstrates how to manipulate patient immunity against cancer for a lasting cure. However, TIL cell therapy is costly, time-consuming and technologically challenging. Instead of driving TIL cells externally, Necroptosis Cancer Therapies drive innate TILs to the tumor. The key step is the induction of necrotic cell death and activation of death genes, exposing tumor-reactive antigens to initiate an immune response, activating antigen-presenting cells to achieve large-scale antigen presentation, activating T-cells, inducing strong and sustained cytotoxic T lymphocyte responses, and ultimately triggering a TIL antitumor immune effect. Necroptosis Cancer Therapies can use vascular disrupting agents (“VDA”), in combination with CheckPoint Inhibitors and other IO agents to drive TIL cells to the tumor. Oncotelic Therapeutics recently announced a binding term-sheet agreement with Mosaic ImmunoEngineering. Under this arrangement, Mosaic will acquire the rights to Oncotelic's clinical-stage necroptosis cancer therapies. These innovative therapeutics disrupt tumor blood flow, leading to immunogenic tumor cell death through the activation of "death receptors" – ultimately triggering a potent anti-cancer immune response. As part of the deal, Mosaic will also gain access to Oncotelic's AI technologies for identifying immunotherapy combinations. "We are very pleased to have this opportunity to bring these clinical stage assets that have promise for the treatment of multiple types of cancer into Mosaic. We anticipate that the initial application of the technology will be in areas with high unmet medical need such as uveal melanoma and retinoblastoma. We look forward to working with the Oncotelic team to advance the program," said Steven King, President and CEO of Mosaic. As outlined in the binding term sheet, Mosaic will issue $15 million in CPMV shares to Oncotelic upon the execution of the definitive purchase agreement. Additional milestones will enable Oncotelic to earn up to an extra $15 million in CPMV shares. The experienced Mosaic team, with a collective background encompassing more than 30 FDA and worldwide product approvals, will spearhead the advancement of these technologies. Both companies will collaborate closely to ensure the smooth transfer of technologies from Oncotelic to Mosaic, with Oncotelic providing short-term financial support for the program while working together toward achieving short-term and long-term financing goals. "This will be the second transaction for capitalizing on our assets and building shareholder value. The first being the successful transition of OT-101 to our joint venture (“JV”) with Dragon Capital Overseas, Limited. The JV is expected to list for an IPO and has been expanding its R&D including the completion of its research and manufacturing facility headquartered in San Diego, California." shared Dr. Vuong Trieu, CEO of Oncotelic. Pipeline – What More To Expect From Oncotelic Oncotelic has multiple drugs in its pipeline, such as ArtiVeda/ArtiShield, a COVID drug that aims to inhibit the spread of the virus; OT-101 for the treatment of solid tumors with a focus on brain cancer in adults and diffuse intrinsic pontine glioma in children; CA4P, which is intended to be used with Ipilimumab for the treatment of solid tumors with focus on melanoma; Oxi4503 for the treatment of liquid tumors with focus on childhood leukemia; and AL-101, an intranasal drug for the treatment of Parkinson Disease that also targets Erectile Dysfunction and Female Sexual Dysfunction. Oncotelic is looking to develop these drugs using a similar JV structure, which should enhance shareholder values. With an encouraging recent announcement and an extensive pipeline, Oncotelic may be a company to watch as it continues its endeavors to provide patients with more efficient treatments – with fewer side effects. Featured photo by Olga Kononenko on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 29, 2024 08:30 AM Eastern Daylight Time

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City-Owned Utility Selects Siyata Mobile’s (NASDAQ: SYTA) Budget-Friendly Mission-Critical PTT Handset To Connect Its Workers And Keep Utilities Running Smoothly

Siyata Mobile Inc.

By Faith Ashmore, Benzinga When we think of extreme careers, we may not automatically think of utility work, but we should. Utility fieldwork is one of the most demanding jobs, and it can involve working in extreme conditions or following disasters. When anything goes wrong and utilities – like natural gas, water, sewage or refuse collection – go offline, the public needs utilities on as soon as possible. This is where effective communication is essential for field crews to stay in constant communication and respond to situations with ease. Land Mobile Radios (LMR) have been the traditional communication solution used by field workers for many decades. However, these handheld radios were big, bulky and costly to carry around, making them cumbersome for everyday use. Push To Talk (PTT) radio coverage provided by LMR technology was also often limited to a short distance, usually covering one city or one county, and was prone to no coverage zones, where communication was unreliable. The limitations of LMR technology have been a source of frustration for field workers, dispatchers and their command staff. A few years ago, some industries switched to smartphones to ensure constant communication, but even that has not panned out as expected. Smartphones have apps and capabilities that are not needed and can be a distraction for many workers, and many smartphones are less weather-resistant than other communication devices that are designed to endure extreme conditions. The Public Utilities department from Lancaster, Ohio, recently selected Siyata Mobile Inc. (NASDAQ: SYTA) (“Siyata”), a global developer and vendor of mission-critical Push To Talk (PTT) over Cellular handsets and accessories, as a communications solution. Utility workers there support the city’s natural gas, water, wastewater treatment, stormwater drainage and refuse collection. They will now be using Siyata’s SD7 mission-critical PTT handsets, which will replace previously used two-way radios that operated on their own radio network. This department decided to switch to Siyata's handsets due to the cost savings and operational benefits they offer. Previously, the Public Utilities department would purchase two-way radios for approximately $2000 per unit. After conducting a Total Cost of Ownership analysis, the city concluded that moving to Push-to-Talk over Cellular (PoC) using FirstNet Extended Primary PoC service would be more cost-effective. FirstNet is the perfect network to support communications needs when critical infrastructure needs to be fixed or installed. The Siyata SD7 Handset was deemed the ideal device choice for the city's Public Utilities staff. It is affordable through FirstNet since its price and the PTT service were spread over 24 months, and it is rugged and simple to use – similar to two-way radios – making it a good fit for staff who were already accustomed to using radios. Also, the SD7 handsets work seamlessly with Siyata’s VK7 Vehicle Kits used in their trucks. Charlie Mullett, Traffic Control Supervisor from Lancaster’s Department of Transportation, commented, “We chose the Siyata SD7 unit along with the VK7 Vehicle Kit because we like the versatility of having the high performance PTT Communication as a mobile rugged handheld or as a docked unit in our transportation vehicles. We also chose them because of the FirstNet ready capability. They have worked well for our needs and we have received great customer service and support from the FirstNet Solutions Team.” The SD7 handsets and VK7 Vehicle Kits have already been integrated into the crew's day-to-day operations. With a track record as a pioneer in the industry and with solutions catering to various uses in a wide variety of industries, Siyata has earned its reputation for reliability and versatility. Featured photo courtesy of Knelson20 on Shutterstock. Siyata Mobile Inc. is a B2B global vendor of next-generation Push-To-Talk over Cellular devices, cellular booster systems, and video monitoring solutions. Its portfolio of in-vehicle and rugged devices enables first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives.Its portfolio of enterprise-grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signals in remote areas, inside structural buildings where signals are weak, and within vehicles for the maximum cellular signal strength possible.For its video monitoring system, Siyata integrates software that we license with off-the-shelf hardware providing our customers with an integrated advanced camera system for management and visual monitoring of their fleet vehicles. This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata's current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Siyata's filings with the Securities and Exchange Commission ("SEC") and in subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Brett Maas SYTA@haydenir.com

May 29, 2024 08:30 AM Eastern Daylight Time

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AI UNLEASHED: EXPLORING THE POSSIBILITIES

Benzinga

Benzinga is excited to announce its upcoming webinar, "AI UNLEASHED: EXPLORING THE POSSIBILITIES," scheduled for Thursday, May 30th, at 11 AM EST. This engaging virtual event will dive into the power of artificial intelligence and its potential to revolutionize industries. Participants will explore everything from machine learning algorithms to AI-driven products and services, and learn how companies are leveraging AI to reshape the business landscape. Details: Title: AI UNLEASHED: EXPLORING THE POSSIBILITIES Date: Thursday, May 30, 2024 Time: 11:00 AM EST Description: Artificial intelligence is transforming industries at an unprecedented pace. This webinar will explore the latest developments in AI, discussing machine learning algorithms, AI-driven products and services, and how companies are integrating AI to innovate and stay competitive. Gain insights from industry experts on the future of AI and its impact on various sectors. Speakers: Jeff Ransdell, Fuel Venture Capital Justis Mendez, OneSixOne Ventures Akash Palkhiwala, Qualcomm Kedar Kondap, Qualcomm Luke Lloyd, Luke Lloyd Michael Lee, Michael Lee Strategy Stephanie Link, Hightower Advisors Paul Chang, Brand Engagement Network Peter M. Carlson, Spectral MD This is a free virtual event. Don't miss this opportunity to gain valuable insights into the future of AI. Register Here! For further details and registration, please visit the event registration page. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Contact Details Benzinga +1 877-440-9464 drew@benzinga.com Company Website http://www.benzinga.com

May 29, 2024 08:25 AM Eastern Daylight Time

Classiq collaborates with Hewlett Packard Enterprise on Hybrid Quantum Simulation

Classiq Technologies

Classiq, a leading quantum software company, announced it has developed a rapid method for solving large-scale combinatorial optimization problems in collaboration with Hewlett Packard Labs, the central research community of Hewlett Packard Enterprise (HPE), the result of joint research on the integration of high performance computing (HPC) and quantum computing. The rising level of maturity on the diverse approaches to quantum computation is now raising questions about how to productively integrate leading edge quantum and classical HPC approaches to solve important problems to the top of the research agenda. As the demand for sophisticated computational solutions increases, the integration between HPC and quantum computing is becoming crucial. From scheduling and orchestration to hybrid computation, these two approaches are converging, creating opportunities for innovative solutions to complex problems. This collaboration between Classiq and Hewlett Packard Labs exemplifies the potential of combining state-of-the-art classical and quantum algorithms to achieve superior results The hybrid approach uses the HPE Cray Supercomputing EX system and the massive parallel execution efficiency of HPE Cray Programming Environment for high performance computing along with the Classiq synthesis engine's ability to synthesize Quantum Approximate Optimization Algorithm (QAOA) circuits to achieve noteworthy results. This solution encapsulates smaller problems to formulate an optimal approach for large-scale challenges. By merging classical and quantum algorithms, this method demonstrates a significant improvement in solving real-world problems efficiently and how to make the potential advantages of quantum acceleration readily available in the HPC data center. The work will be showcased in the paper titled “Hybrid Classical-Quantum Simulation of MaxCut using QAOA-in-QAOA,” to be presented on the 31st May at the Q-Casa workshop at the IEEE IPDPS Conference in San Francisco. “This collaboration is a testament to the power of combining cutting-edge quantum and classical computing technologies. We are incredibly proud of the work we have done together, which not only showcases the potential of hybrid computation but also demonstrates tangible efficiency improvements,” said Nir Minerbi, CEO of Classiq. “The findings in this paper are a significant step forward in accelerating the integration of quantum computing into mainstream applications.” Integration of the Classiq engine as backend to Hewlett Packard Labs quantum programming environment will enable abstract, optimized and scalable quantum/HPC software development. By continuing to innovate and develop new solutions, both companies aim to drive the accelerated integration of these key computational technologies, paving the way for future advancements in various industries. HPE’s venture capital program, Hewlett Packard Pathfinder, made a 2022 investment in Classiq. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC and quantum simulators. Backed by investors such as Hewlett Packard Enterprise’s Hewlett Packard Pathfinder venture capital program, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, visit the Slack community, GitHub repository and website, www.classiq.io to learn more. Contact Details Rainier Communications Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website http://www.classiq.io/

May 29, 2024 08:05 AM Eastern Daylight Time

Tractor Supply Presents on SHARE Series

SHARE Series

Contact Details SHARE Series Dan Aldridge +1 404-740-0638 dan@shareconferenceseries.com Company Website https://share-series.open-exchange.net

May 29, 2024 08:00 AM Eastern Daylight Time

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Alta Global Group: Hype Acquisition Will Help Unlock The Unparalleled Opportunity To Convert 640 Million Combat Sports Fans To Participants

RazorPitch MMA

The martial arts and combat sports industry is on the rise, fuelled by the popularity of MMA, currently one of the world's fastest-growing sports. The rising popularity of the sport has opened up significant opportunities, with a recent IBIS sport report revealing that there were 45,000+ martial arts and MMA gyms by 2023 in the US which generated over $12.6 billion. That number is, however, expected to skyrocket to more than 67,000 by the end of next year, which illustrates just how massive an opportunity this could be for players in the sector. Alta Global Group (NYSE:MMA) is well positioned to benefit from this growth as it enables the broader global martial arts and combat sports industry to maximize their monetization opportunities by increasing consumer participation in the sport. Through Trainalta.com, powered by the Alta Community Platform, Alta offers martial arts and combat sports programs such as the Warrior Training Program and UFC Fight Fit Program, supported by strategic partnerships with gyms, coaches, athletes, and influencers to facilitate effective communication, curated content, and easy onboarding. The platform enhances both digital and in-gym experiences, enabling seamless community engagement. The renowned Warrior Training Program, running in gyms across the US, Ireland, Australia, and New Zealand, operates through a revenue-sharing model with gym owners, culminating in a sanctioned amateur MMA final fight night, catering to beginners seeking fitness and lifestyle changes. Alta also owns mixedmartialarts.com, following a recent acquisition in November 2023. This acquisition has given its portfolio significant strength through leveraging mixedmartialarts.com’s top 3 global ranking, 530,000 user profiles, 15 million views, and over 5 million social media followers to actively engage fans and help support gyms, coaches, and participants. Here’s a clearer snapshot of its digital reach: In what is no doubt another major corporate milestone, Alta recently reaffirmed its commitment to unlocking the unparalleled opportunity to convert 640 million MMA sports fans to participants by announcing its strategic acquisition of Hype for an undisclosed sum. Hype is essentially a subscription based mobile marketing platform designed specifically for small businesses looking to supercharge their growth by harnessing the power of social media. This mobile-first platform combines the functionalities of a mobile website builder, like Linktree, with the core email and SMS marketing capabilities of CRM systems like HubSpot, while also providing an integrated payment system. Being a mobile-first solution makes Hype perfectly suited for owner-operators who manage much of their business on their phones, making it especially ideal for combat sports gyms. For Alta, Hype’s value proposition is that it’s going to help gyms grow participation in combat sports by allowing the gyms to increase engagement with their members, acquire and retain them without the hassle of bundling different products and platforms. That means that gyms can become more efficient and better positioned to grow their own revenues. Fortunately, Alta has been able to bring on the development team as well as the founder, Nick Chen. With Hype's expert team now joining Alta, the company gains invaluable in-house technology expertise, replacing the previously outsourced team and fortifying Alta's capability to deliver cutting-edge technology solutions for the combat sports sector without additional costs. To better illustrate why Hype’s acquisition is so compelling for Alta, consider this. The platform was previously funded by venture capital, receiving over $22 million in investment, including for the launch, which reaffirms investor confidence in the potential of the product. So far, Hype has processed over $40 million in payments through its platform, helped businesses collect over 4 million contacts, and is currently generating approximately $200,000 annually in recurring revenue. By integrating this technology into its existing platform, Alta estimates it could accelerate its technology roadmap by at least 18 months, delivering many millions of dollars in technology capex and development cost savings, while reducing customer acquisition costs for its partner gyms. Alta CEO and founder Nick Langton underscored the significance of the acquisition: "This acquisition represents a pivotal moment for Alta. To be able to put this technology in the hands of our valued gym partners, we believe will be a game changer for them to grow revenues and more effectively engage with their members. We expect this transaction to materially accelerate Alta's mission to convert more fans into participants and drive more shared revenue opportunities. Under Nick Chen's leadership, the Hype team has created a market-leading platform that we believe is perfect for owner operators who run their businesses on their feet from their mobile devices. We believe this is the perfect tool to help combat sports gym owners supercharge their business." As mentioned before, it's not only gyms that will benefit from this platform. Hype's technology solution extends well beyond the martial arts and combat sports sector. It has proven utility and established customers, giving Alta the ability to unlock further opportunities by targeting small businesses globally as well as potentially applying the platform to other local and community sports. In fact, Hype reimagines a future of multiple product categories simultaneously across a $100 billion market for small business software. Following the acquisition, Alta will distribute the Hype product offering across its extensive community of over 500 partner gyms and thousands of coaches and athletes globally across the Alta Platforms. Alta believes that this acquisition presents a significant opportunity to launch a new SaaS offering for its gym, coach, and talent partners, further increasing the embedded revenue opportunity that exists from each gym, coach, and talent relationship on our platform. The company has already proven that its Warrior Training Programs deliver at least $24,000 in gross revenue per program. Therefore, Hype’s acquisition will only fuel further revenue growth. According to Alta’s projections, each active gym could potentially generate $88,000 in annual revenue now that the company is launching new membership tiers. As of January 2024, the company had over 500 active gyms globally that had claimed their profile and signed T&C’s on the platform, illustrating the scale of the revenue potential here. Alta currently has a market capitalization of only about $41 million, but it certainly appears there’s room for movement to the upside going forward. It is also important to note that Hype’s acquisition ties in well with its recent successes in creating iconic partnerships with some of the most high-profile and respected identities in MMA, who are helping it to amplify its brand and drive platform adoption. These include the company’s recently announced investment from five-time MMA world champion Conor McGregor. McGregor's investment and endorsement come at a pivotal moment as Alta embarks on rolling out its transformational Warrior Training Program across the US. He will be lending his support to Alta's flagship 20-week Warrior Training Program. In a recent video post on social media, McGregor urged MMA fans to embrace martial arts training through Trainalta.com, emphasizing the platform's role in providing a space for learning and camaraderie. He highlighted Trainalta.com as an essential organization in the martial arts space, supporting MMA gyms worldwide, underscoring Trainalta.com's commitment to fostering a vibrant community of martial artists and combat sports enthusiasts while revolutionizing training experiences globally. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained by the company to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Inc Mark McKelvie +1 585-301-7700 Mark@RazorPitch.com Company Website http://razorpitch.com

May 29, 2024 07:00 AM Eastern Daylight Time

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Halving of BTFS Storage Rewards

BitTorrent

Singapore, May 28, 2024 – To sustain the growth and success of the BitTorrent ecosystem, BTFS is set to implement a halving on the next round of rewards for storage miners on the BTFS network. From 00:00 (UTC) June 25, 2024, the daily rewards for storage miners on the BTFS network will be halved from 15 billion BTT to 7.5 billion BTT. The BitTorrent File System (BTFS) is a decentralized file storage system that utilizes blockchain technology and peer-to-peer transmission. It allows users to store their files across multiple nodes in a distributed manner, enhancing file security and reliability. BTFS also offers rapid file transfer and access, giving users greater convenience in managing and sharing files. By integrating key features of the BitTorrent Chain (BTTC), such as cross-chain connectivity and multichannel payment options, BTFS significantly enhances user experience. Currently, the BTFS network is experiencing rapid growth with over 8 million nodes across the network, including more than 6 million super miners, according to BTFS SCAN. To support the efficient operations of these nodes, BTFS initiated a rewards program and has provided an aggregate of 25 trillion BTT since the launch of BTFS Mainnet in 2019. Every two years, the BTFS rewards halving will occur causing the rewards for all storage miners across the network to be cut in half. (Halving roadmap) Moreover, halving will also prompt miners to improve node performance by optimizing node operation and reducing waste. In addition, an upgrade of the official website for the BTFS technical community and the release of BTFS v3.0 Mainnet will be scheduled in sync with the halving. These developments are expected to improve the efficiency of the BTFS protocol, expand the user base, and enhance its overall functionality. Looking ahead, BTFS is committed to continuously refining its storage rewards strategies. The goal is to expand the network of nodes participating in file storage on BTFS, providing developers with an efficient, secure, and reliable storage solution boosting both the capacity and the transaction efficiency of the BTTC network. About BTFS The BitTorrent File System (BTFS) is both a protocol and a web application that provides a content-addressable peer-to-peer mechanism for storing and sharing digital content in a decentralized file system, as well as a base platform for decentralized applications (Dapp). The BTFS team has been working on the latest network operations and BTT market sentiment, etc., to make a series of dynamic adjustments such as upload prices and airdrop reward schemes. About BitTorrent Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally. Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide. Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more. Website | Telegram | Medium | X | Media Contact John Chen press@bittorrent.com Contact Details John Chen press@bittorrent.com

May 28, 2024 07:53 PM Eastern Daylight Time

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Halving of BTFS Storage Rewards