Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
News Release Digital Asset Direct

Freightify secures $12M funding round to power digital transformation for freight forwarders globally

Freightify

Global freight forwarding is a $300B industry that facilitates the movement of cargo from one place to another through a series of manual and legacy processes. Freightify’s freight rate management platform is solving the complex challenges facing freight forwarders and helping them to do more business faster at lower costs. Today, Freightify is announcing a $12M debt & equity Series A funding round to help power digital transformation of Freight forwarders through Freightify’s suite of products. Freightify empowers freight forwarders by providing rate automation solutions to digitize their rate procurement, rate management and quotation processes with ease. The platform allows any forwarder to create a digital storefront to serve their customers better.In addition to this, it includes track and trace solutions that help freight forwarders in getting the live location of vessels and automated milestones within seconds. Freightify’s platform allows freight forwarders to procure, manage and quote freight prices (including all possible ancillary charges) in less than 2 minutes. Freightify’s new funding round will help launch new functionalities and deliver on a strong and expanded product roadmap, expand the sales presence globally, build channel partnerships, strengthen their marketing to drive growth and increase their brand awareness globally as they expand into new geographies and segments. The round was led by Sequoia Capital India with participation from TMV and Alteria Capital. The round also includes returning investors Nordic Eye Venture Capital and Motion Ventures. Founded in 2016 and based in Singapore, Freightify initially started as a marketplace for freight forwarders to conveniently search, book and track freight. This experience in automating sea-freight paved the way to a SaaS pivot. Today, Freightify’s platform, with rate management and quoting capabilities, is able to empower freight forwarders to procure, manage and quote freight prices (including all possible ancillary charges) in less than 2 minutes. Over 200 freight forwarding companies providing global logistics services (across 45 countries) use Freightify to digitize their business. These customers have reported reducing processing time by more than 70% and a substantial cost saving in doing business. Some customers deploy a Freightify white-label platform and have reported an increase in win ratio by more than 20% and a very noticeable increase in retained business. This success has seen revenues at Freightigy triple in the last year as they have attracted large numbers of the top 100 freight forwarders around the world. The founder and CEO, Raghavendran Viswanathan has deep experience working in logistics, supply chain and freight management with companies including DHL and Panalpina. The company’s management and senior staff come from backgrounds including SaaS startups like Freshworks and GoFrugal, logistics tech startups like Fourkites and Trimble, shipping lines like Maersk and MSC, Large forwarders and logistics companies like CON-LINQ ApS, Dachser Denmark and Wiz as well as Big 4 consulting firms like BCG. Raghavendran Viswanathan, CEO of Freightify, commented “For too long, freight forwarders have been restricted to spreadsheets and legacy processes to do business. We set up Freightify to remove the heavy lifting of manually providing quotations, accepting email/telephonic bookings, managing documentation, coordinating and tracking shipments. Freightify solves these challenges by giving them and their customers a live pricing platform like the ones used by travelers to compare airfares, showing real-time rates on a single screen. Freight forwarders are like the travel agents for global trade, however, air travel is not as complicated as global trade. Supply chains require experts to manage cargo throughout the entire lifecycle and freight forwarders play a vital role in greasing the wheels.” He also added, “Freight forwarders using Freightify save more than 70% of the time spent on manual tasks and legacy processes, while halving the operational costs to do business”. The freight forwarding industry is a cornerstone of the global trade economy and despite the massive size, much of the industry remains constrained by manual processes and runs on paper, excel sheets and phone calls. Freightify, a vertical SaaS platform, is solving this problem by helping freight forwarders automate rate management and make every day operational workflows fast and efficient so that they can focus on serving their customers and growing their business. We are glad to be a part of this journey with Raghav and the team at Freightify. ” said Mayank Porwal, VP, Sequoia India Existing investor at Freightify, Nordic Eye’s Investment Partner and Manager, Ib Drachmann added: “We have been impressed by the common vision of the company to democratize technology for the freight forwarding ecosystem. We are happy to see the scale at which Freightify has been growing, adding new logos globally and strengthening their product capabilities. Hence, we are doubling down on backing Freightify.” Raghavendran Viswanathan added: “Various marketplaces around the world are attempting to become the Amazon of services for freight forwarders, which will help. We believe in empowering the freight forwarders and are taking the Shopify route by selling a SaaS product to enable them to manage and create their own communities” Looking ahead, Raghavendran Viswanathan added: “We have been expanding rapidly across Europe, Australia and key regions in Asia pacific, and are currently expanding in North America. We have a highly skilled product and engineering team that can deliver on a strong product roadmap. Sales people on the field with deep experience in the freight industry. We are building out a strong marketing function that can drive growth.” About Freightify Freightify was established in 2016 with the vision to enable digital transformation of freight forwarders of any size. We empower freight forwarders by providing white labeled rate automation solutions to digitize their rate procurement, rate management and quotation processes with ease. In addition to this, we also provide track and trace solutions that help freight forwarders in getting the live location of vessels and automated milestones within seconds.‍ At Freightify, we have a strong and supportive team of 200+ logistics professionals from Europe, the USA, and India who come to work every day to solve complex problems of the trillion-dollar logistics Industry using technology. At Freightify, we empower freight forwarders to go digital by providing plug-and-play technologies and services for the entire logistics value chain. About Sequoia Capital India Sequoia helps daring founders build legendary companies, from idea to IPO to beyond. Sequoia Capital India and Sequoia Capital Southeast Asia actively partner with founders from a wide range of companies, across categories, including BYJUs, CRED, Druva, Five Star Finance, Freshworks, GoTo, Groww, Kopi Kenangan, Mamaearth, Pine Labs, Polygon, Razorpay, Truecaller, Zomato and more. We spur founders to push the boundaries of what's possible. In partnering with Sequoia, startups benefit from over 50 years of tribal knowledge and lessons learned working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn and Stripe early on. From the beginning universities, endowments, and other non-profits have been the backbone of our investor base which means founders' accomplishments make a meaningful difference. For more information on Sequoia's work in India visit sequoiacap.com/India Contact Details Freightify Murali Sankar +1 872-259-3504 media@freightify.com Company Website https://www.freightify.com/

February 02, 2023 07:00 AM Eastern Standard Time

Image

Titan NRG, Inc. (TTNN) Announces Acquisition of NRG Equipment

TITAN NRG

McapMediaWire -- Publicly traded Titan NRG, Inc. (OTC: TTNN ) ("Titan NRG") operating as a downstream energy and transportation holding company through its wholly-owned subsidiaries, today announced that it has entered into an agreement to purchase NRG Equipment LLC. NRG Equipment is an equipment leasing company based in Montana that primarily leases propane-related equipment. The transaction is further evidence of the company's commitment to growing its core transportation business. The acquisition becomes effective after the close of business on January 31st, 2023. The purchase price is in excess of $5,000,000 and included the assumption of certain debt as well as owner financing. “We’re looking forward to have NRG Equipment under the Titan umbrella,” said Alex Majalca Jr., Titan NRG’s President, and CEO. “It was a tricky transaction with the board and management not wanting to do a large share transfer at these price levels and working with the previous owner’s goals, but we ultimately found a win-win solution. Our initial monthly savings aren't quite what we originally expected because of the structure and assumption of debt, but in the long run, we feel it will be a great positive step forward.” Alex Majalca Jr. went on to say, “I believe we’ll see additional opportunities for acquisitions as a large number of the smaller carriers are struggling to survive the current economic challenges. Our goals moving forward will be to get fully reporting and gain new investors' attention. We’re looking forward to 2023 and growing the company by the best means possible.” Contact: Alex R. Majalca Jr. President/Chief Executive Officer Titan NRG, Inc. alex@titannrg.com About Titan NRG Inc.: Titan NRG is a holding company that operates as a downstream energy and transportation company through its wholly-owned subsidiaries. NRG Dynamics currently has 25+ transports operating in 9 states. APE Fuels offers retail and commercial propane serving southern AZ with 1500+ leased tanks and 2500+ customers. Vespene with wholesale purchasing and sales of LPG products. NRG Rail has a long-term lease on a new 18 car rail facility in Tucson, Arizona with an approved and permitted 1.2mm gallons of propane/butane storage. We're focused on vertical integration while expanding our operations to cover everything from the refinery to retail. This business model is a win for our customers, company, and shareholders. Additionally, this model can be replicated in other regions. www.titannrg.com www.twitter.com/TitanNRG ir@titannrg.com NOTES ABOUT FORWARD-LOOKING STATEMENTS Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with OTC Markets. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Details Titan NRG, Inc. Alex R. Majalca Jr alex@titannrg.com Company Website http://www.titannrg.com/

January 31, 2023 08:30 AM Eastern Standard Time

Cooper Standard Announces Date for Release of Fourth Quarter and Full Year 2022 Results, Provides Details for Management Conference Call

Cooper Standard

Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the fourth quarter and full year 2022 on Thursday, February 16 after market close. The Company’s earnings results will be posted to the Cooper Standard website ( http://www.ir.cooperstandard.com ) once released. Cooper Standard will host a conference call on Friday, February 17 at 9 a.m. ET. The Company’s Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer Jonathan Banas will discuss the financial results, provide a general business update and respond to investor questions. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at https://edge.media-server.com/mmc/p/jqkaw9ec. Those who wish to participate by phone in the live conference, including representatives of the investment community who would like to ask questions during Q&A, will need to pre-register for the call by visiting https://register.vevent.com/register/BI5e9540006e474e22ab2fd8f8bc2ae7d2. Once registration is completed, participants will be provided with a dial-in number and a personalized conference code to access the call. Participants should dial in at least five minutes prior to the start of the call. A replay of the webcast will be available on the investors’ portion of the Cooper Standard website ( http://www.ir.cooperstandard.com ) shortly after the live event. About Cooper Standard Cooper Standard, headquartered in Northville, Mich., with locations in 21 countries, is a leading global supplier of sealing and fluid handling systems and components. Utilizing our materials science and manufacturing expertise, we create innovative and sustainable engineered solutions for diverse transportation and industrial markets. Cooper Standard's approximately 23,000 employees are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on Twitter @CooperStandard. ### CPS_F Contact Details Contact for Media Chris Andrews +1 248-596-6217 CAndrews@cooperstandard.com Contact for Analysts Roger Hendriksen +1 248-596-6465 roger.hendriksen@cooperstandard.com Company Website https://www.cooperstandard.com/

January 31, 2023 08:30 AM Eastern Standard Time

Volatus Aerospace Completes Acquisition of Empire Drone in New York

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce that it has finalized the arms-length acquisition of New York based Empire Drone Company LLC. The acquisition, first announced November 28 th, 2022, provides Volatus with expanded distribution for drone technologies in the American Market and a corresponding increase in gross margin performance for all US sales. “The addition of this company adds approximately $2.3M in trailing proforma revenue with an estimated 7% proforma EBITDA,” said Abhinav Singhvi, Chief Financial Officer for Volatus Aerospace. “The ability to support our US sales with domestic inventory and support is also expected to improve general gross margin, inventory turnover, and make our logistics management more efficient.” Under the terms of the agreement, Volatus will purchase 100% of the company for a cash consideration USD$300,000 on Closing; (ii) issuance of 721,538 common shares at a deemed price of CDN$0.65 per common share on closing; and (iii) subject to certain revenue milestones 12 months after closing, issue up to an additional 721,538 common shares at a deemed floor price of CDN$0.65 per common share or 30 days VWAP on first anniversary from closing, whichever is higher. Volatus Aerospace distributes products and services in Canada under the Volatus Aerospace, OmniView Tech, MVT Geo-solutions, Canadian Air National, and Synergy Aviation brands; in the USA under the Volatus Aerospace USA, ConnexiCore, and Empire Drone Brands; in South America under the Volatus Aerospace LATAM brands; and in European Markets under the Volatus Aerospace UK, and iRed Remote Sensing brands. *Non-IFRS measure. Earnings before interest, taxes, depreciation and amortization ("EBITDA") should not be construed as alternatives to comprehensive loss or income determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and, therefore, may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as IFRS net loss excluding interest expense, depreciation and amortization expense. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

January 31, 2023 07:43 AM Eastern Standard Time

Image

Cooper Standard Announces Successful Completion of Previously Announced Refinancing Transactions

Cooper Standard

Cooper-Standard Holdings Inc. (NYSE: CPS) (“CPS”) today announced the completion by CPS’s wholly owned subsidiary, Cooper-Standard Automotive Inc. (the “Issuer”), of its previously announced refinancing transactions (the “Refinancing Transactions”), including: the issuance (the “Concurrent Notes Offering”) of $580.0 million aggregate principal amount of the Issuer’s new 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027 (the “New First Lien Notes”) (including approximately $61.7 million of New First Lien Notes issued pursuant to the commitments by the backstop commitment parties); the exchange (the “Exchange Offer”) of approximately $357.4 million of the Issuer’s existing 5.625% Senior Notes due 2026 (the “2026 Senior Notes”), representing 89.36% of the aggregate outstanding principal amount of the 2026 Senior Notes, for the same principal amount of the Issuer’s new 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027 (the “New Third Lien Notes,” and together with the New First Lien Notes, the “New Notes”); the effectiveness of a supplemental indenture to the indenture governing the 2026 Senior Notes, which removes substantially all of the covenants, certain events of default and certain other provisions contained in the 2026 Senior Notes and the indenture governing the 2026 Senior Notes and releases and discharges the guarantee of the 2026 Senior Notes by CPS; the effectiveness of the previously announced amendment of the Issuer’s Third Amended and Restated Loan Agreement; the repayment of all of approximately $319.6 million outstanding under the Issuer’s existing senior term loan facility; and the redemption of all $250.0 million of the Issuer’s existing 13.000% Senior Secured Notes due 2024. Goldman Sachs & Co. LLC acted as dealer manager in connection with the Exchange Offer and as financial advisor to CPS and the Issuer in connection with the Refinancing Transactions. Simpson Thacher & Bartlett LLP acted as legal counsel to CPS and the Issuer in connection with the Refinancing Transactions. Houlihan Lokey Capital, Inc. acted as financial advisor and Willkie Farr & Gallagher LLP acted as legal advisor to the backstop commitment parties. This communication is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Concurrent Notes Offering and the Exchange Offer were made, and the New Notes were offered and issued, pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), only (a) in the United States to holders of 2026 Senior Notes who are “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) and (b) outside the United States to holders of 2026 Senior Notes who are persons other than U.S. persons. Forward Looking Statements This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “outlook,” “guidance,” “forecast,” or future or conditional verbs, such as “will,” “should,” “could,” “would,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, we cannot assure you that these expectations, beliefs and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. Among other items, such factors may include: Impacts, including commodity cost increases and disruptions, related to the war in Ukraine and the ongoing COVID-19 pandemic; our ability to offset the adverse impact of higher commodity and other costs through negotiations with our customers; the impact, and expected continued impact, of the COVID-19 outbreak on our financial condition and results of operations; significant risks to our liquidity presented by the COVID-19 pandemic risk; prolonged or material contractions in automotive sales and production volumes; our inability to realize sales represented by awarded business; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured components and raw materials; disruption in our supply base; competitive threats and commercial risks associated with our diversification strategy through our Advanced Technology Group; possible variability of our working capital requirements; risks associated with our international operations, including changes in laws, regulations, and policies governing the terms of foreign trade such as increased trade restrictions and tariffs; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial amount of indebtedness and variable rates of interest; our ability to refinance our indebtedness and obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our debt instruments; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of continuous improvement programs and other cost savings plans; manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers’ needs for new and improved products; the possibility that our acquisitions and divestitures may not be successful; product liability, warranty and recall claims brought against us; laws and regulations, including environmental, health and safety laws and regulations; legal and regulatory proceedings, claims or investigations against us; work stoppages or other labor disruptions; the ability of our intellectual property to withstand legal challenges; cyber-attacks, data privacy concerns, other disruptions in, or the inability to implement upgrades to, our information technology systems; the possible volatility of our annual effective tax rate; the possibility of a failure to maintain effective controls and procedures; the possibility of future impairment charges to our goodwill and long-lived assets; our ability to identify, attract, develop and retain a skilled, engaged and diverse workforce; our ability to procure insurance at reasonable rates; and our dependence on our subsidiaries for cash to satisfy our obligations; and other risks and uncertainties, including those detailed from time to time in periodic reports filed by CPS with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date of this press release and we undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law. Contact Details Contact for Analysts: Roger Hendriksen +1 248-596-6465 roger.hendriksen@cooperstandard.com Contact for Media: Chris Andrews +1 248-596-6217 candrews@cooperstandard.com Company Website https://www.cooperstandard.com/

January 30, 2023 08:30 AM Eastern Standard Time

Surge Battery Metals: This Mining Company Has Some Exciting Announcements

Surge Battery Metals

By Johnny Rice, Benzinga Greg Reimer, President & CEO of Surge Battery Materials Inc. (TSX-V: NILI) (OTC Pink: NILIF), was recently interviewed by Benzinga. Surge Battery Materials is an ESG-mandated mining company focused on battery metals that will advance the adoption of electric vehicles (EVs). The company says it is at the forefront of a new era of mining. The company has recently received exciting results from test sites in Nevada. These results may indicate a “significant commercial discovery.” Watch the full interview here: This article was originally published on Benzinga here. Surge Battery Metals Inc. is a Canadian based exploration company focused on locating and developing high value deposits of clean energy battery metals that are vital to the rapidly growing electric vehicle (EV) market. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Investor Relations info@surgebatterymetals.com Company Website https://surgebatterymetals.com

January 27, 2023 08:30 AM Eastern Standard Time

Video

Aqua Power Systems Takes Aggressive Action to Combat Suspected Illegal “Naked” Short Selling

Aqua Power Systems, Inc.

McapMediaWire -- Aqua Power Systems Inc. (OTC: APSI ) (“the Company” or “Aqua Power”) a leader in reliable logistics and transportation solutions, held a Special Meeting of the Board on Wednesday, January 25, 2023. At the meeting a plan of action was approved by the Board to address suspected illegal “naked” short selling of the Company’s common stock. Over the course of the last two weeks, Company management and representatives have had multiple meetings with Securities Regulators as well as the Attorney General’s office regarding what the Company believes has been targeted and illegal “naked” short selling of the Company’s common stock. The most recent meeting being a round table conference call with officials and Company management on Wednesday of this week. The Company has provided and continues to gather additional information it believes will assist regulators. The Company strongly believes that there has been a very large volume of illegal “naked” short selling in the Company’s common stock since announcing the completion of the Company’s recent acquisition at the end of December 2022. Robert Morris, Chief Executive Officer of Aqua Power, stated, “My first and foremost concern is for the well-being of our investors and to protect shareholders against any form of improper trading by market participants at any level. We believe that trading patterns and activity since the beginning of the year strongly suggest the work of aggressive and sustained shorting. The Company began taking decisive steps working directly with regulators. We have full intentions of taking any and all necessary steps to come to the bottom of everything and hold any wrong-doing parties accountable.” Mr. Morris continued, “I am aware of other companies hiring law firms and other specialized reporting agencies in an effort to identify and combat illegal short selling in their own company’s stock, however we believe the stronger and more effective approach is to bring any such activity immediately and directly to those with proper power and authority to protect investors. At this point, this isn’t about the Company per se, this is about protecting individual investors and the integrity of the markets. The best disinfectant is sunlight and exposure, and we are bringing everything into clear view. We truly value our shareholders.” Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to several uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the Company’s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Details Stephen Carnes +1 407-674-9444

January 26, 2023 11:00 AM Eastern Standard Time

IQST – iQSTEL Reminds Shareholders To Get Their Votes In Before Annual Meeting Next Week On January 31, 2023

iQSTEL Inc.

McapMediaWire - iQSTEL, Inc. (OTCQX: IQST ) today issued a reminder to all shareholders to vote in advance of the upcoming annual shareholder meeting scheduled for January 31, 2023, at 11 am (EDT). iQSTEL’s 2022 operational performance was the best ever in the company’s history having exceeded its $90 million revenue forecast and reaching profitability an entire quarter ahead of schedule. Management expects 2023 to be even better despite challenging economic indicators and wants to hear shareholders thoughts on how the company can further bolster itself against economic conditions and stretch itself to go even further. FY-2023 OBJECTIVES: About the Company: Estimated FY-2023 revenue forecast of $105 Million. Estimated FY-2023 year-end consolidated positive net income of over $1 million. The Telecom Division, Internet of Things (IoT) Business Line, Fintech Division, and Electric Vehicle Division will establish revenue and profit by year end. The Telecom Business will be reorganized and rebranded for easy customer recall. The company will release a new Fintech product with more features this year. The company will also discontinue its plan to implement a buy/sell crypto functionality in light of current crypto exchange market conditions. Our Electric Vehicle division will perform a rebranding with plans to manufacture two batches of motorcycles for EU and USA this year. The company M&A campaign will continue targeting opportunities to rapidly increases revenue and profit. About the Stock Market: The upcoming annual shareholder meeting will emphasize our commitment to engaging shareholders in an ever-closer relationship. The company will continue its dual listing efforts in order to gain attention for more international investors. At the same time, we will keep the preparations for a Nasdaq up-listing once market conditions improve and can potentially facilitate an organic increase in iQSTEL’s share price to meet minimum listing standards. These objectives are challenging but the Company, Independent Board of Directors, Management, and Employees are ready and focus on the achievement of them. Management is encouraging shareholder activism and invites shareholders to introduce any other business to be brought before the annual meeting for consideration. Shareholders are now able to cast their proxy votes in advance of the annual shareholder meeting scheduled for January 31, 2023, at 11 am (EDT). For more information visit www.iqstel.com/investors. An email and printed proxy cards have been sent to all shareholders of record with instructions on how to vote online or by mail. If you did not receive an email or post mail with the voting instructions and believe you have, please email investors@iqstel.com. The company has filed a Definitive Proxy Statement for shareholders to elect directors and ratify the company’s independent registered public accounting firm. The Proxy also facilitates the introduction of any other business to be brought before the annual meeting for consideration. About iQSTEL Inc.: iQSTEL Inc. (OTCQX: IQST) ( www.iQSTEL.com ) is a US-based publicly listed company holding an Independent Board of Directors and Audit Committee with a presence in 19 countries and 70 employees offering leading-edge services through its four business lines. The Telecom Division (www.iqstelecom.com), which represents the majority of current operations, offers VoIP, SMS, proprietary Internet of Things (IoT) solutions, and international fiber-optic connectivity through its subsidiaries: Etelix, SwissLink, Smartbiz, Whisl, IoT Labs, and QGlobal SMS. The Fintech business line ( www.globalmoneyone.com ) ( www.maxmo.vip ) offers a complete Fintech ecosystem MasterCard Debit Card, US Bank Account (No SSN Needed), Mobile App/Wallet (Remittances, Mobile Top Up). Our Fintech subsidiary, Global Money One, is to provide immigrants access to reliable financial services that make it easier to manage their money and stay connected with their families back home. The BlockChain Platform Business Line ( www.itsbchain.com ) offers our proprietary Mobile Number Portability Application (MNPA) to serve the in-country portability needs through its subsidiary, itsBchain. The Electric Vehicle (EV) Business Line ( www.evoss.net ) offers electric motorcycles to work and have fun in the USA, Spain, Portugal, Panama, Colombia, and Venezuela. EVOSS is also working on the development of an EV Mid Speed Car to serve the niche of the 2nd car in the family. Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. iQSTEL Inc. IR US Phone: 646-740-0907 IR Email: investors@iqstel.com Contact Details iQSTEL Inc. Leandro Iglesias +1 646-740-0907 investors@iqstel.com Company Website https://www.iqstel.com/

January 26, 2023 09:40 AM Eastern Standard Time

America Is Behind In The Electric Vehicle Race - Here’s A Company Hoping To Change That

Eli Electric Vehicles

By Faith Ashmore, Benzinga Interested in investing in Eli Electric’s campaign? Click here to get started. While the global electric vehicle (EV) market is flourishing, the U.S. is trailing behind. In 2021, EVs made up approximately 14% of all new vehicles sold in Europe, and in China, EVs made up 9% of all sales. In some European countries, like Norway, EV sales make up well over 50% of cars sold. Comparatively, EVs only accounted for 4% of cars sold in the U.S. in 2021. There are a lot of contributing factors to why U.S. consumers are slower to adopt EV technology. Historically, relaxed U.S. regulation has led to lower gas prices in the states compared to countries across the Atlantic; in Europe, EVs can be looked at as an economically and environmentally-friendly purchase, an opinion that is relatively less common in the U.S. The U.S. is more dependent on vehicles than other western countries because of the relative lack of accessible and ample public transportation, even in some of the country's largest metropolitan areas. Then, there is the cultural attachment and loyalty to bigger vehicles. In the U.S., where preference is sometimes not based on purpose, 75% of truck owners in the U.S. use their truck for towing one time a year or less and 35% of truck owners use the bed of their trucks once a year or never. However, despite the U.S. showing less interest in the EV market than its European and Asian counterparts, the market is still growing. Even more interesting are projections for the micro-electric vehicle market. A micro vehicle is the smallest size of car available with three or four wheels and a smaller engine. Many micro vehicles are electric. Nearly 70% of the global population is projected to live in cities by 2050. While pickup trucks can be great for rural areas, there is a need for smaller cars and cars designed specifically for cities. In the U.S., 50% of daily trips are under 3 miles and 75% of all car trips are under 10 miles. Cities are where micro vehicles are taking off. The micro electric vehicle market is projected to reach $22.11 billion in 2029 with a compound annual growth rate of 12.7% between 2022-2029. In 2021, the industry was worth $8.32 billion. There is a growing demand for cars that fit one or two people and are designed for trips under 10 miles. The U.S. government is also making a more concerted effort to encourage EV expansion. President Joe Biden’s administration’s goal is to have 50% of all vehicles be electric by 2050 and is taking action to increase the amount of charging stations to 500,000 by 2030. The EV market in the U.S. likely needs innovators in the industry to shift public opinion toward EV enthusiasm. A Unique EV Model Specifically Designed For Cities Los Angeles-based company Eli Electric Vehicles has created a unique EV model designed specifically for cities, Eli ZERO. Eli ZERO is a neighborhood electric vehicle (NEV) and can be driven on any street in the U.S. with a speed limit of 35mph and lower. In cities like New York City, the Eli ZERO can be driven on 90% of the streets. The Eli ZERO model is less than half the size and 3 to 10x more energy efficient than a conventional car, according to the company. Their car starts at $11,999 and has a battery with a range of 45 to 90 miles. It is designed with cities and consumer needs in mind. The Eli ZERO reimagines micro vehicles by focusing on creating a vehicle that drastically reduces emissions while decongesting cities and communities. Eli Electric says it is already having success in European markets with more than 20 dealers and 3 distributors. The company has been certified street legal in the U.S. and is excited to expand its vision to a growing market. Eli Electric has the capacity to grow and currently has a partnership with OEM manufacturers allowing it to potentially produce over 15,000 units per year. The company is currently hosting another round of crowdfund raising to help meet the surging market and to expand sales in the U.S. It has a history of successful grassroots campaigning – the company has nearly 3,000 investors on board and during its first fundraising push, it raised $11 million and used the funds to produce Eli ZERO and launch sales in Europe. With the investment it is looking for, Eli Electric could be positioned to be a leader in the European and North American markets it operates in. Click here to read more about Eli Electric’s raise and how to invest. This article was originally published on Benzinga here. Eli Electric Vehicles is reimagining personal vehicles by creating advanced, efficient and affordable micro-EVs for daily short trips. Headquartered in California and Beijing, Eli aims to be the leader in electric transportation for short-range and high frequency trips. It’s flagship micro-EV, Eli ZERO, is a next generation personal vehicle that empowers riders to reconnect with their neighborhood and cities and ultimately reduce the congestion, inefficiency and pollution caused by oversized highway cars. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Tim Zheng tim@eli.world Company Website https://www.eli.world/

January 26, 2023 08:30 AM Eastern Standard Time

1 ... 30 31 32 33 34 ... 82