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Gaucho Holdings New Business Segment Expands Their Value Proposition Within The Fintech And Real Estate Sector

Benzinga

By Kyle Anthony, Benzinga Gaucho Group Holdings, Inc. (NASDAQ: VINO), a company that includes a growing collection of e-commerce platforms with a focus on fine wines, luxury real estate and leather goods and accessories, recently announced the launch of their new business segment, Gaucho Open Asset Lending (GOAL), a new mortgage lending division. GOAL is intended to serve as the company’s self-financing option for buyers of its unique luxury vineyard real estate project, Algodon Wine Estates, and potentially beyond. Gaucho Holdings: Expanding The Value Proposition Within Argentina’s Real Estate And Mortgage Lending Sectors GOAL is a strategic move by Gaucho Holdings to diversify the company’s revenue stream and is expected to be a significant growth segment in the future. The company offers prospective buyers self-financed mortgages, a move that could potentially generate substantial interest income. These options include 10-, 15- and 20-year mortgage terms, providing greater accessibility to over 400 vineyard estate lots on the Algodon Wine Estates, which Gaucho Holdings owns outrightly. The company estimates that the potential revenue from the sale of these vineyard lots could be approximately $80 - 100 million, excluding any future appreciation. Even after the sale of all projected lots, Gaucho Holdings will retain over 2,500 acres for its operations and further development. The company also has ambitions for GOAL beyond its current business use case and envisions it being a direct-to-consumer lender, providing innovative mortgage and lending solutions to Argentinians unable to access traditional financing options that have been largely unavailable to the public. Gaucho Holding: Record Growth In The Argentine Wine Market Gaucho Holdings continues to see success in its current business operations. Recently, they announced that wine sales in Argentina for the year to date in 2024 have increased by 217% compared to the same period last year, attributable to the expansion of the company's distribution networks throughout Argentina and other strategic initiatives. Critical enhancements reported by Gaucho include improvements to operational infrastructure and distribution channels, the assiduous actions of its in-house wine sales management team, and contributions from the company's Argentina e-commerce website and other distributors. Gaucho Holdings' success is not indicative of the overall Argentina wine industry. As the International Organization of Vine and Wine reported, Argentinian wine production fell to a historical low in 2023, primarily due to spring frosts and hailstorms. Beyond the climate, the changing economic landscape has made it difficult for some winemakers to export their goods profitably. A Changing Argentine Economy The Argentinian economy is in the midst of change. President Javier Milei continues to push austerity and deregulation measures in an effort to revive the country’s struggling economy. As reported by the Associated Press, Argentina’s inflation rating has been decreasing, though it is still amongst the highest globally. From a currency standpoint, Milei has maintained his message about replacing the Argentinian peso with the U.S. dollar, which has sent the peso downward. Though the newly elected government's economic cutbacks have been extensive, they have been welcomed by the nation’s creditors and many market players. So much so that the International Monetary Fund (IMF), Argentina’s biggest creditor, recently released the latest tranche of loans due under a bailout program. The IMF deal follows the completion of its review of Argentina’s compliance record and confirms the next $792 million payment will become available to the government in June 2024. Gaucho Holdings' success and new endeavor come at an inflection point in Argentina’s economic journey. As the nation’s economic prospects improve, the company foresees the economy stabilizing and is proactively positioning itself to provide an emergent need – financing – for individuals and entities entering the real estate sector. Featured photo by Dan Meyers 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 advertising 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

June 06, 2024 08:25 AM Eastern Daylight Time

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Black Radiance Launches Beautyverse App as First Step into Beauty Tech Space

Black Radiance

Black Radiance, one of the first inclusive beauty brands, is excited to launch its first augmented reality app, Beyond Radiant. Available now in all app stores, Beyond Radiant empowers women of color with the confidence to be their best selves by seeing the unlimited possibilities in the avatars. Beyond Radiant stands at the intersection of augmented reality technology, beauty, and empowerment. Unlike traditional beauty apps that focus solely on makeup application, Beyond Radiant offers an immersive experience surrounding four diverse avatars, each with unique personalities and professions, to inspire women of color and foster a community of confident, empowered women who see themselves in the achievements and aspirations of the app’s avatar. “Black Radiance has always stood on the cutting-edge of the intersection between beauty and race,” said Sherry West, Brand Marketing Manager at Black Radiance. “We know the way of the future is to embrace technology in new and unique ways, especially with the increasing presence of AI in the beauty industry. We’re excited to step into the future in an inclusive way that holds true to Black Radiance’s long-standing mission of empowering women of color.” Beyond Radiant Augmented Reality avatars are inspired by history-making women who have blazed new paths for Black women, like NASA Astronaut Jessica Watkins, and record-breaking ice skater Starr Andrews. Jessica Watkins is the first Black woman to complete an International Space Station long-term mission, while Starr Andrews is the first African American woman to win a Grand Prix medal in the singles discipline. The dedication, creativity, imagination, and fortitude of these women can be seen in the four avatars: The Boss Babe, The Champ, The Content Creator, and The Innovator. “In a world where beauty standards often feel limiting, Black Radiance dares to redefine what beauty can mean for women of color,” said K. Parris MacDonald, Vice President of Marketing at Black Radiance. “The Beyond Radiant App feels like a natural progression to further offering space to women of color to be their authentic selves and see themselves reflected in the narratives of achievement and success.” The Beyond Radiant app is available to download in all app stores now and at www.blackradiancebeauty.com. For more information and updates, visit www.blackradiancebeauty.com/beyondradiant and follow @blackradiancebeauty on social media. Hi-res images and interviews are available upon request. About Black Radiance: For over 30 years, Black Radiance® has recognized, represented, and celebrated the diversity of darker complexions by offering affordable, high-quality cosmetics with uncompromising color, trusted coverage, and formula innovation. Black Radiance empowers and inspires women of color through cosmetics, beauty, and lifestyles. Our mission – to enable Black women worldwide to be even more beautiful. We promise to create both products and experiences that encourage women of color worldwide to embrace, enhance, define, and love their shade of beauty. Contact Details Cami Carlson camryn@six-one.com

June 06, 2024 08:03 AM Eastern Daylight Time

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Culturelle® Probiotics and Re:wild Team Up to ‘Protect the Gut Microbiome’

YourUpdateTV

A new campaign from Culturelle® Probiotics and global conservation non-profit, Re:wild, is highlighting the similarities between endangered ecosystems on Earth and the endangered ecosystem within: the human gut microbiome. Recently, Dr. Robin Moore from Re:wild, participated in a nationwide satellite media tour to discuss the new initiative. A video accompanying this announcement is available at: https://youtu.be/JT_Nv2wpwrU Earth’s ecosystems are what sustain us. They are our first line of defense against emerging diseases and climate chaos, and they provide everything from clean air and water to food and medicines. But research shows that the populations of mammals, birds, reptiles, amphibians and fish have declined by nearly 70% since 1970. And a loss of biodiversity can significantly disrupt an ecosystem – lowering its productivity and quality. The gut microbiome – made up of trillions of living, breathing bacterial species – is also facing a loss of biodiversity and is under constant siege from a variety of modern-day stressors, like anxiety, lack of sleep, and poor eating habits, that can put it out of balance and hinder its ability to thrive. This led the Culturelle brand to make a poignant connection between the vulnerable state of our gut microbiome and the other ecosystems of the world. The gut is a critical ecosystem — and it's at risk. Culturelle Probiotics and Re:wild have teamed up to draw attention to the similarities between the endangered ecosystems of our world and the ecosystem within – the human gut microbiome – and raise awareness on the importance of protecting biodiversity in all ecosystems, both inside and out. To learn more about the campaign, visit ProtectTheGut.com. About Dr. Robin Moore Dr. Robin Moore blends his scientific training with his passion for photography and storytelling to connect a broad audience with the urgency and opportunity for saving endangered species and critical ecosystems. Recognizing the importance of communications for challenging perceptions and changing behaviors, Robin has spearheaded innovative campaigns to raise the profile of too-often overlooked species. The Search for Lost Frogs, a global quest to find species missing for decades, attracted significant media attention and inspired the book, In Search of Lost Frogs, which was named one of The Guardian’s best nature books of 2014. Robin is an award-winning photographer and Senior Fellow of the International League of Conservation Photographers. The Search for Lost Species, a signature initiative of Re:wild, builds on this success. About Culturelle® Probiotics For more than 25 years, Culturelle® Probiotics have helped individuals, children and families support their health. Covering digestive, immune, feminine, and pediatric health, Culturelle® product formulations are based on science, utilizing clinically studied probiotics to support the unique benefits of each product. Plus, the ingredients are proven effective and work in harmony with the human body.* About Re:wild Re:wild protects and restores the wild. They have a singular and powerful focus: the wild as the most effective solution to the interconnected climate, biodiversity and human wellbeing crises. Re:wild brings together Indigenous peoples, local communities, influential leaders, nongovernmental organizations, governments, companies and the public to protect and rewild at the scale and speed we need. Learn more at rewild.org. © 2024 dsm-firmenich group, Culturelle® is a trademark of the dsm-firmenich group. * The Food and Drug Administration has not evaluated these statements. This product is not intended to diagnose, treat, cure, or prevent any disease. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

June 05, 2024 03:46 PM Eastern Daylight Time

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West Hollywood’s 40th Anniversary: Vacation in The High-Energy Playground to the Stars, Full of Sunshine, Style, and Culture

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/XeWP9LIZ9Nw Style, culture, glamour, luxury, fun, wellness, shopping, design, trendsetting, playground to the stars, iconic. Those are just some of the words to describe West Hollywood, California’s most walkable city in the heart of LA. This year, West Hollywood celebrates its 40th anniversary with four decades of cultural innovation, diversity, and unparalleled experiences in one of Southern California’s most iconic cities, measuring only 1.9 square miles. With influence from rock ‘n roll, folk, hair, metal bands and the distinct charm and the continuance of the famed Halloween Carnaval and WeHo Pride contribute to the rich tapestry of West Hollywood's cultural relevance, not to mention being the hub of many reality TV shows and paparazzi sightings. West Hollywood also has a long history of enacting progressive policies that protect and promote the rights of the minority, including the LGBTQ+ community. West Hollywood became an official city in 1984 with a majority-gay city council and its first openly gay mayor was elected in 1985. West Hollywood hosts one of the largest and most vibrant Pride celebrations in the country, attracting global visitation. This annual event showcases the city's commitment to LGBTQ+ inclusivity and provides a platform for the local LGBTQ+ community and the many businesses that serve it. West Hollywood commemorates these milestones with 40 Days of Pride and the return of WeHo Pride. “Pride Starts Here” kicked off on Harvey Milk Day (May 22) and runs through June 30 for “40 Days of Pride'' with programming that includes the WeHo Pride Weekend Parade, the Dyke March, the WeHo Pride Arts Festival and more. Headliners for the 2024 OUTLOUD festival included Kylie Minogue, Janelle Monāe, Kesha, and Diplo. A nationwide media tour was conducted on May 21st with Jeff Morris, Chief Marketing Officer, West Hollywood Travel and Tom Kiely, President and CEO, West Hollywood Travel + Tourism Board. Topics that were discussed during the media tour included: ● How guests can dive into the cultural forefront by exploring West Hollywood's three neighborhoods: The Design District, Santa Monica Boulevard (including LA’s Rainbow District) and the famed Sunset Strip, all nestled in the heart of LA. ● WeHo Pride celebrates 40 Days of Pride, coinciding this year with West Hollywood’s 40th Anniversary. ● What some of the summer cultural, culinary and entertainment highlights will be for anyone visiting including new trendsetting restaurants, bars, boutique, including 20 fabulous hotels, ranging from luxury to historic to celebrity drenched, not to mention the phenomenon of "roof topping” (swimming pools, sun decks and even pickleball). For more information, visit VisitWestHollywood.com. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

June 05, 2024 02:29 PM Eastern Daylight Time

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News Release

Galaxy Gaming CEO Matt Reback Discusses Q1 Financial Success and Future Plans

Galaxy Gaming Inc

Galaxy Gaming CEO Matt Reback joined Steve Darling from Proactive to discuss the company's focus on table games for both land-based casinos and online platforms. Based in Las Vegas, Galaxy Gaming has been in business for approximately 30 years, originating from the creation of the Lucky Ladies side bet. The company now offers a variety of games, including felt games, electronic table games, and interactive table games. Galaxy Gaming’s products are distributed globally, with installations in over 600 casinos and 76 cruise ships. The company offers traditional games like blackjack and baccarat, as well as proprietary games such as Easy Baccarat and Heads Up Hold'em. Known for its popular side bets, Galaxy Gaming holds five of the top seven blackjack side bets, including 21+3 and Perfect Pairs. The company has seen significant growth in its online presence, reporting 3.5 billion wagers on its games in the past year through partnerships with major gaming companies like Evolution and Playtech. Reback shared insights into the company’s Q1 financial results, highlighting record-breaking gross and net revenues achieved by significant margins. In the core sector of business, gross revenue for the quarter increased by $1 million, or 20%, and net revenue grew by $225,000. A key factor in this growth was the distribution of EZ Baccarat, which began in September 2023 and accounted for the bulk of the increase in recurring license revenue. The strong performance and market demand for Galaxy Gaming's innovative products and solutions. Additionally, the company has added Steve Kopjo as the new Chief Financial Officer. Kopjo brings a wealth of experience from senior finance and accounting positions held at various publicly traded gaming companies. He began his career at Ernst & Young as an auditor for casino operators, where he acquired his CPA license. Kopjo has developed a diverse skillset in technical accounting, investor relations, corporate finance, and mergers and acquisitions through his roles with both operators and suppliers, including SHLF Entertainment, Wynn Resorts, Play AGS, and most recently, as Vice President of Finance at Everi Holdings. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

June 05, 2024 02:06 PM Eastern Daylight Time

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News Release

Aaron Rains SEO Introduces Innovative E-E-A-T Strategy for Improved Search Engine Performance

Rev Up Marketers

Aaron Rains SEO, a comprehensive SEO consulting service provider, has announced the launch of its new E-E-A-T SEO service. This innovative service aims to enhance website expertise, authority, and trustworthiness, addressing critical factors that search engines consider when ranking sites. The new service helps to improve website rankings and attract organic traffic through various strategies, including local SEO, on-page SEO, keyword research, YMYL compliance, link building, website assessments, and ongoing SEO maintenance. The newly launched E-E-A-T (Experience, Expertise, Authoritativeness, and Trustworthiness) SEO service optimizes website content, improves backlink profiles, and enhances overall online presence., The service helps improve search engine rankings and build a credible online reputation with a strategic approach by aligning with Google's E-A-T guidelines. CEO of the company, Aaron Rains, emphasized the importance of this new service, stating, "In today's competitive online landscape, establishing a website as a reliable source of information is crucial. The E-E-A-T SEO service aims to improve search engine rankings and attract more organic traffic." This drive aligns with the company's commitment to providing tailored SEO strategies that cater to each client's unique needs. Aaron Rains SEO's team of experienced professionals offers personalized SEO services. Regular communication and educational resources are integral to their approach, bolstering that clients are well-informed and can sustain improvements in search engine rankings over the long term. For more information about Aaron Rains SEO and its newly launched E-E-A-T SEO services, please visit its website. About Aaron Rains SEO: Aaron Rains SEO is an SEO company committed to improving online visibility and driving organic traffic. The team provides a wide range of tailored SEO services, bolstering effective and sustainable results. Contact Details RainsSEO LLC Aaron Rains info@rainsaaronseo.com Company Website http://rainsaaronseo.com/

June 05, 2024 01:59 PM Eastern Daylight Time

Ocean Power Technologies Secures Contract for WAM-V to Offshore Contractor in Sub-Saharan Africa

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce that the company has secured a contract to deliver a WAM-V (Wave Adaptive Modular Vessel) to an Offshore Construction Contractor. The contract entails providing a spare vehicle system that can be assembled onsite. This WAM-V will be utilized to provide survey services for an offshore dredging project in Sub-Saharan Africa. Stratmann highlighted that this award builds on the recent commercial success of OPT’s vehicles in the offshore construction and energy industries. The contract also supports the company's recent expansion into Latin America, a region with a vibrant offshore energy industry. Additionally, the company is exploring the potential for ocean security applications. This contract marks a significant milestone for Ocean Power Technologies, reinforcing its position in the global offshore market and demonstrating the growing demand for its innovative WAM-V technology. The company's strategic focus on expanding its geographical footprint and diversifying its applications underscores its commitment to driving growth and delivering advanced solutions for offshore operations. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

June 05, 2024 01:39 PM Eastern Daylight Time

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Pegasus Resources Engages Dahrouge Geological for Comprehensive Geological Model Exploration

Pegasus Resources Inc.

Pegasus Resources' CEO, Chris Timmins, joined Steve Darling from Proactive to share significant developments in the company's exploration efforts. Timmins announced that Pegasus has engaged Dahrouge Geological Consulting to complete a preliminary geological model based on extensive geological mapping and sampling conducted at the Company's Energy Sands project located in Utah. This collaboration marks a pivotal step in Pegasus' strategy to advance its understanding and development of the Energy Sands project. Timmins elaborated on the successful outcomes of the recent ground program. The program provided a comprehensive geological map that includes a detailed analysis of lithologies, geological structure, mineralization styles, and controls. It also confirmed the presence of paleochannel structures that govern the uranium and vanadium mineralization on the property. These findings are critical as they enhance the company's understanding of the geological framework and potential resource distribution within the project area. Dahrouge Geological Consulting utilized the collected data in conjunction with the 2015 Utah Geological Survey regional map and stratigraphic column. This combination allowed for the construction of a robust preliminary geological model. This model will serve as a foundational tool to support Pegasus' permitting efforts for the planned drilling program set to commence in 2024. Timmins expressed confidence in the collaboration with Dahrouge, highlighting the consulting firm's expertise and the detailed nature of the geological model they produced. He emphasized that the model not only validates the initial exploration findings but also provides a clear pathway for future exploration and development activities. The geological model's development is expected to significantly enhance Pegasus' ability to attract potential investors and partners. It underscores the project's potential and lays the groundwork for a detailed drilling program aimed at defining and expanding the known mineral resources. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

June 05, 2024 12:03 PM Eastern Daylight Time

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Comcast Directors Refuse to Disclose Political Donations, So Shareholder Does It for Them

NLPC

Ahead of its annual meeting on Monday, June 10, the directors for Comcast Corporation have had their past political campaign donations publicized on the Securities and Exchange Commission’s website, after the company refused to allow a vote on a shareholder proposal that requested transparency of that information. As the parent of major media organizations that include NBC, CNBC, MSNBC, Telemundo and Sky, Comcast has an outsized influence on global news reporting and opinion-forming for its massive audiences, predominantly in the Americas and in Europe. Late last year National Legal and Policy Center (NLPC), an investor in Comcast, had introduced a shareholder proposal to request the Board to implement a policy in which director candidates each year would be required to disclose their charitable donations and campaign contributions above certain amounts, going back five and 10 years, respectively. Citing several examples of Comcast’s past advocacy in support of controversial political news developments and issues from a left-leaning perspective, NLPC asked for greater transparency about the board’s worldviews via the disclosure of members’ past philanthropic and political donations. “Shareholders are uninformed about members’ ideological and political views,” the proposal stated. “Greater transparency is needed to allow shareholders to know whether our Board suffers partisan capture and therefore the group-think and ideological blinders that have cost some companies dearly in recent years.” However, not wanting shareholders to have the ability to vote on NLPC’s proposal – much less disclose its directors’ charity, candidate and political party support – Comcast asked the SEC for permission to exclude the resolution from its proxy statement, and therefore from its annual meeting. The SEC allowed the company to omit the proposal. Subsequently, NLPC filed a proxy memo with the SEC last month in which it opposed the election of all 10 director nominees, over their refusal to allow shareholders to vote on the measure. In addition to NLPC’s rationale for opposing the nominees, the proxy memo also includes some of the very information Comcast’s directors tried to conceal: their campaign contributions for federal races going back at least 10 years, extracted from Federal Election Commission records. “Comcast argued that it was improper for director nominees’ personal charity and campaign donations to be disclosed and should be off-limits,” said Paul Chesser, director of the Corporate Integrity Project for NLPC. “It’s a bogus argument, at least regarding state and federal races, as those contributions are required to be reported to state elections boards and the FEC, and to be made available to the public.” NLPC sponsored the same proposal for the annual meetings of Alphabet, Amazon and Home Depot as well. None of those companies opposed allowing a vote on director transparency at their meetings. “You might think Big Tech companies might be more reluctant to make such disclosures, but they were at least willing to allow their investors to weigh in on the issue,” Chesser added. “Meanwhile Comcast controls some of the most extensive and influential news gathering organizations in the world. Their Board owes it to their audiences, as well as their shareholders, to inform them where they stand ideologically.” Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

June 05, 2024 11:10 AM Eastern Daylight Time

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