Digital Asset DirectQYOU Media
Contact Details Doug Barker +1 437-992-4814 shareholder@qyoutv.com Company Website https://www.quoumedia.com
August 25, 2023 07:30 AM Eastern Daylight Time
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News ReleaseTotal Media
In the dynamic realm of cryptocurrencies, there are select altcoins that stand out for their potential to provide passive income. Among these, Vechain (VET), Everlodge (ELDG), and Lido DAO (LDO) are prominent names that have gained traction. Particularly, Everlodge piques interest as it is currently in its presale phase, presenting a golden opportunity for early investors to get involved in what could be a promising source of steady earnings. Join the Everlodge presale and win a luxury holiday to the Maldives Everlodge (ELDG): A Fresh Take on Property Investments By introducing fractional property ownership through Non-Fungible Tokens (NFTs), Everlodge promises a tantalizing proposition: owning a slice of luxury properties, like a $9 million New York apartment, for an investment as low as $100. Real estate, traditionally considered one of the most stable investments, combined with the agility and flexibility of blockchain, has created a formula that's attracting millionaires like magnets. They see it not only as a chance to diversify their portfolios but as an opportunity to be part of an innovative wave set to revolutionize property investments. Everlodge's property NFTs, backed by tangible assets, offer an unparalleled level of security in the crypto space. The digital tokens represent real estate ownership, which can be traded or sold seamlessly on the platform. But that's not all. The Rewards Club feature allows investors to earn complimentary stays in luxurious properties, further blurring the lines between luxury experiences and investment assets. Members can even "flip" their earned nights, introducing yet another source of passive income. The currency of this novel ecosystem, the ELDG token, is the linchpin that holds all these features together. Holders can even stake their ELDG for passive income staking rewards. For early investors, the potential upside is enormous. The token's initial offering at a mere $0.010 during phase 1 of the presale allows investors to get on board at the lowest price point possible. With all these features — real estate-backed NFTs, rewards club, staking opportunities — there's no doubt that Everlodge is one of the best passive income altcoins in the market today. Analysts can see the ELDG token rising to $1.00 as it begins to pick up steam. Vechain (VET): Simplified Rewards with Mobile Wallet VeChain is a blockchain-based platform that was founded in 2015 with the aim of disrupting the supply chain industry. Vechain has become one of the leading players in this space due to its innovative use of distributed ledger technology (DLT) and smart contracts. VeChain works on a dual-token model, in which the VTHO token is used to power transactions within the platform. This creates a passive income stream for holders of the native VET token by incentivizing them to hold their tokens instead of selling them on exchanges. All staking can be done via the mobile wallet, so users don't need to invest in specialized hardware or make any technical knowledge. Furthermore, the staking rewards are distributed on a daily basis, so users can quickly start earning income from their VeChain holdings. The only downside is the slow bleed in the VeChain price. After hitting $0.28 in 2021, VeChain has fallen 94% to a current price of just $0.01663. Analysts see the VeChain price oscillating between $0.010 and $0.020 until a crypto-wide bull run emerges. Lido DAO (LDO): Decentralized Earnings, But a Shift to Everlodge (ELDG) Presale Lido DAO is the leading decentralized staking infrastructure. In Q1 2023, Lido DAO soared from a mere $0.93 to an impressive $3.32, primarily driven by excitement surrounding the Lido V2 protocol. However, this meteoric rise was ephemeral, with Lido DAO retracing to its present rate of $1.67. Technical analysis indicates that Lido DAO is ensnared within a symmetrical triangle pattern, a formation that typically heralds a notable price shift. As the pattern's climax approaches at the end of August, Lido DAO market participants remain on tenterhooks, forecasting either an upward thrust revisiting the $3.32 mark or a downward drift to the $1.00 Lido DAO support zone. On the other hand, Everlodge has successfully resisted Bitcoin's bearish undertow, consistently climbing and distinguishing itself from the prevailing market trajectory. Such tenacity could pique the interest of Lido DAO investors scouting for promising prospects amidst turbulent times. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge Contact Details Everlodge Team marketing@everlodge.io
August 25, 2023 04:08 AM Eastern Daylight Time
News ReleaseComcast Colorado
Comcast in Colorado is partnering with Pikes Peak Library District (PPLD) to bring Comcast Lift Zone connectivity centers to four Library locations in Colorado Springs: Library 21c, as well as Penrose, East, and Ruth Holley libraries. Comcast Lift Zones provide an additional free Wi-Fi network that will increase the number of Internet users the Library can support at once without compromising quality of service. Comcast started Lift Zones as part of its ongoing commitment to connect low-income families to the Internet so they can fully participate in educational opportunities and the digital economy (called digital equity). The COVID-19 pandemic revealed disparities in digital equity, and Comcast responded by bringing Lift Zones to education and community centers. “Access to high-speed internet and digital skills training is no longer a luxury, but a necessity, making connectivity more important than ever. We are honored to partner with Pikes Peak Library District to ensure more people in the Colorado Springs area have access to fast, reliable, and secure connectivity year-round,” said J.D. Keller, Sr. Vice President, Comcast Mountain West Region. “From doing homework, searching for jobs, accessing healthcare services and so much more, partnerships like the one with Pikes Peak Library District are important to make sustainable progress to advancing economic mobility and promoting digital equity in our communities.” “Lift Zones at these libraries will be valuable assets for our whole community, especially for people who don’t have access to Wi-Fi at home. It will be easier to do things like search and apply for jobs, download documents for work and school, meet virtually, collaborate virtually on large creative projects, or enjoy leisure activities like downloading games or streaming shows,” said Lance James, chief development officer and foundation executive officer of the PPLD Foundation. “Access to high-speed internet and digital skills training is no longer a luxury, but a necessity, making connectivity more important than ever. We are honored to partner with Pikes Peak Library District to ensure more people in the Colorado Springs area have access to fast, reliable, and secure connectivity year-round,” said J.D. Keller, Sr. Vice President, Comcast Mountain West Region. “From doing homework, searching for jobs, accessing healthcare services and so much more, partnerships like the one with Pikes Peak Library District are important to make sustainable progress to advancing economic mobility and promoting digital equity in our communities.” Pikes Peak Library District Pikes Peak Library District (PPLD) provides everyone with access to resources and opportunities so people can thrive and connect. The Library cultivates spaces for belonging, personal growth, and strong communities via 16 facilities, mobile library services, and a large online hub of resources. It is an internationally recognized system of public libraries serving a population of nearly 700,000 across 2,070 square miles in El Paso County, Colo. Learn more at ppld.org. Comcast – Internet Essentials For over a decade, Comcast has been on the forefront of closing the digital divide. The I nternet Essentials program is the largest and most successful broadband adoption initiative in the industry. Since 2011, Comcast has connected more than 600,000 Coloradans through Internet Essentials, many for the first time. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Leslie Oliver +1 303-810-6326 leslie_oliver@comcast.com Company Website https://colorado.comcast.com/
August 24, 2023 02:24 PM Mountain Daylight Time
News ReleaseTotal Media
The trading world is witnessing a revolution with the rise of commission-free platforms, democratizing access to financial markets like never before. In this new era, Tradecurve and WeBull are two platforms that have caught the attention of traders and investors alike. Tradecurve, with its innovative hybrid model, promises to blend the best of centralized and decentralized trading. WeBull, on the other hand, has already made a mark with its user-friendly interface and commission-free offerings. This article aims to dissect these two platforms, comparing their features, benefits, and potential drawbacks to determine whether Tradecurve could emerge as a stronger alternative to WeBull in the commission-free trading arena. Tradecurve: The Cutting Edge of Trading Tech Tradecurve is a new and ambitious trading platform that aims to redefine the trading landscape by combining the best elements of both centralized and decentralized exchanges. With a vision to remove barriers to entry and provide a seamless trading experience, Tradecurve's key features include: Hybrid Trading Model: Tradecurve's unique approach integrates centralized and decentralized features, allowing users to trade cryptocurrencies, stocks, forex, and commodities all from one account. This hybrid model aims to offer deep liquidity, anonymity, and fast execution. High Leverage: Starting from 500:1 leverage, Tradecurve provides traders with the opportunity to control larger positions with a smaller amount of capital. While this can amplify profits, it also comes with increased risks, especially for inexperienced traders. No KYC Requirements: Tradecurve emphasizes privacy by allowing users to deposit crypto and trade derivatives without completing strenuous KYC requirements. This feature caters to privacy-conscious traders and simplifies the onboarding process. Algorithmic and AI Trading: With plans to introduce algorithmic trading, Tradecurve will enable users to utilize algorithms and AI to trade strategically. This innovation aims to provide both novice and experienced traders with cutting-edge tools for optimized trading. Anonymity and Privacy Focus: Recognizing the importance of privacy in trading, Tradecurve's hybrid platform is designed to protect users' privacy through DeFi capabilities, creating an environment where trading with full anonymity is possible. Tradecurve's vision and planned features represent a bold step towards a new era of trading. As it moves towards its launch, the anticipation surrounding its unique offerings continues to grow, attracting attention from traders seeking innovation and flexibility. WeBull: An Established Player WeBull stands as a well-established trading platform known for its commission-free trading and user-friendly experience. Catering to both beginners and seasoned investors, WeBull's key features include: Wide Range of Investment Options: WeBull offers a diverse selection of investment options, including stocks, options, ETFs, and cryptocurrencies. This wide asset range provides flexibility and caters to various investment strategies. Advanced Charting Tools: For traders seeking in-depth analysis, WeBull provides advanced charting tools with real-time data, technical indicators, and customizable layouts. These tools enhance the trading experience and support informed decision-making. Educational Resources: WeBull offers a wealth of educational resources, including tutorials, articles, and webinars. These materials support continuous learning and empower users to trade with confidence. User-Friendly Mobile App: Designed with accessibility in mind, WeBull's mobile app provides a seamless trading experience on the go. Its intuitive interface and robust features make trading accessible and convenient. Regulation and Security Measures: Operating under strict regulatory compliance, WeBull employs robust security measures to protect users' funds and personal information. This commitment to safety and trustworthiness builds confidence among its user base. Comparing WeBull and Tradecurve Commission-Free Trading: Both Tradecurve and WeBull promote commission-free trading, but the details may vary. While Tradecurve's specific fee structure is yet to be revealed, WeBull offers commission-free trading on stocks, options, and ETFs, with transparent pricing on other assets. Trading Options and Assets: Tradecurve's hybrid model aims to provide a wide range of assets, including cryptocurrencies, stocks, forex, and commodities. WeBull also offers a diverse selection but focuses more on traditional assets and cryptocurrencies. Technology and Tools: Tradecurve plans to introduce algorithmic and AI trading, while WeBull provides advanced charting tools. These different technological approaches cater to various trading styles and preferences. User Experience: Tradecurve's emphasis on anonymity and high leverage may appeal to specific market segments. WeBull's user-friendly interface and mobile app make it accessible to a broader audience. Security and Compliance: Tradecurve's hybrid model aims to provide security through decentralized features. WeBull operates under strict regulatory compliance, offering robust security measures. Education and Resources: While Tradecurve plans to launch a trading academy, WeBull already offers extensive educational resources and support for continuous learning. Accessibility and Flexibility: Tradecurve's no-KYC policy and crypto collateral options cater to privacy-conscious traders. WeBull's diverse asset offerings and user-friendly design provide flexibility to a wide range of users. Pros and Cons of WeBull and Tradecurve Tradecurve: Pros: Innovative hybrid model. High leverage options. Planned cutting-edge features. Focus on anonymity. Cons: Not yet launched. High leverage may pose risks. WeBull: Pros: Established and reputable platform. Advanced charting tools. Wide range of assets. Comprehensive educational resources. Cons: May lack some innovative features planned by Tradecurve. The comparison between Tradecurve and WeBull reveals two distinct approaches to commission-free trading. Tradecurve's innovative vision, with its blend of centralized and decentralized features, represents a promising new direction. WeBull's established presence, user-friendly design, and comprehensive offerings have already proven successful. Choosing between these platforms will depend on individual preferences, trading goals, and values. Tradecurve's planned features and high leverage may attract experienced and privacy-conscious traders, while WeBull's accessibility and educational resources may appeal to a broader audience. For more information about the Tradecurve (TCRV) presale: Website: https://tradecurve.io/ Telegram: https://t.me/tradecurve_official Contact Details Tradecuurve PR marketing@tradecurve.io
August 24, 2023 12:00 PM Eastern Daylight Time
News ReleaseG-Medical Innovations Holdings Ltd
G Medical Innovations Holdings Ltd. (OTC: GMVDF) (“G Medical Innovations”), an industry innovator in comprehensive remote patient monitoring solutions, announced yesterday that on August 22, 2023, it received a letter from the staff of The Nasdaq Stock Market (the “Exchange” or “Nasdaq”) notifying the Company that the Nasdaq Hearings Panel has determined to delist the Company’s ordinary shares from the Exchange, based on the Company’s failure to comply with the minimum $2,500,000 stockholders’ equity requirement under Nasdaq Listing Rule 5550(b). The Company’s ordinary shares are expected to be traded on the over-the-counter (OTC) Pink. The Company’s receipt of the letter from Nasdaq does not affect the Company’s business, operations, or reporting requirements with the Securities and Exchange Commission (“SEC”). Dr. Yacov Geva, Chief Executive Officer of G Medical Innovations commented “while we regret the delisting of our shares from Nasdaq, we remain confident in the long term growth and success of the Company. We will work relentlessly to get our shares listed back on a national securities exchange as soon as practicable”, Dr Geva concluded. About G Medical Innovations G Medical Innovations is a health care company engaged in the development of next generation mHealth and telemedicine solutions and monitoring service platforms. The Company’s solutions and services can empower consumers, patients, and providers to better monitor, manage and improve clinical and personal health outcomes, especially for those who suffer from cardiovascular disease, pulmonary disease, and diabetes. The Company’s current product lines consist of its Prizma medical device, a clinical-grade device that can transform almost any smartphone into a medical monitoring device, enabling both health care providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators; its Extended Holter and Monitoring Cardiac Telemetry Patch services, utilizing multi-channel patient-worn biosensors with algorithms, to generate real time analysis and transmission that captures electrocardiography data continuously, including QT syndrome prolongation detection. In addition, the Company is developing its wireless vital signs monitoring system, which is expected to provide full, continuous, and real-time monitoring of a wide range of vital signs and biometrics. Its monitoring services include provision of independent diagnostic testing facility monitoring services and private monitoring services. For more information about G Medical innovations, visit https://gmedinnovations.com/. Forward-Looking Statements 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. For example, G Medical Innovations is using forward-looking statements when it discusses its intention to quote its shares and warrants on the OTCQB or OTCQX, when it discusses the Company’s long term growth and success, when it discusses working to get the Company’s shares listed back on a national securities exchange as soon as practicable, or when the Company discusses the potential benefits of G Medical Innovations’ technology and products. Because such statements deal with future events and are based on the Company’s current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of G Medical Innovations 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 G Medical’s Innovations Annual Report on Form 20-F for the year ended December 31, 2022, filed with the SEC on May 16, 2023, and our other filings with the SEC, which are available on the SEC’s website, www.sec.gov. Except as otherwise required by law, G Medical Innovations 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 have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Investor Relations Contact G Medical Innovations service@gmedinnovations.com G Medical Innovations Holdings Ltd. is a health care company engaged in the development of next generation mHealth and telemedicine solutions and monitoring service platforms. The Company’s solutions and services can empower consumers, patients, and providers to better monitor, manage and improve clinical and personal health outcomes, especially for those who suffer from cardiovascular disease, pulmonary disease, and diabetes. The Company’s current product lines consist of its Prizma medical device, a clinical-grade device that can transform almost any smartphone into a medical monitoring device, enabling both health care providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators; its Extended Holter and Monitoring Cardiac Telemetry Patch services, utilizing multi-channel patient-worn biosensors with algorithms, to generate real time analysis and transmission that captures electrocardiography data continuously, including QT syndrome prolongation detection. In addition, the Company is developing its wireless vital signs monitoring system, which is expected to provide full, continuous, and real-time monitoring of a wide range of vital signs and biometrics. Its monitoring services include provision of independent diagnostic testing facility monitoring services and private monitoring services. 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. For example, G Medical Innovations is using forward-looking statements when it discusses: revenue growth and profitability in future periods; the launch of the Company’s CLIA lab in Austin, TX, the Company’s online store for its Prizma Monitoring Devices on Amazon Marketplace and the Company’s HTKs business and online stores; potential announcements with large homecare service companies and large distributors for devices and At Home Test Kits; and the Company’s plans to expand its line of monitoring products and services offered to patients, hospitals and clinics. Because such statements deal with future events and are based on the Company’s current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of G Medical Innovations 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 G Medical’s Innovations Annual Report on Form 20-F for the year ended December 31, 2022, filed with the Securities and Exchange Commission (“SEC”) on May 16, 2023, and our other filings with the SEC, which are available on the SEC’s website, www.sec.gov. Except as otherwise required by law, G Medical Innovations 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 have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Contact Details G Medical Innovations Investor Relation +972 8-958-4777 service@gmedinnovations.com Company Website https://gmedinnovations.com
August 24, 2023 11:30 AM Eastern Daylight Time
News ReleaseWeekday
Sourcing talent has been challenging recently but hiring the correct talent has been painful for a lot longer. A key feature when hiring is the reference check process, which has become a redundant tick box exercise for recruiters and over 95% are not seeking references from their previous colleagues to gain insights into their past work performance and behaviors, and assess their suitability for the role. In addressing this pressing concern, Weekday has today launched from stealth with a $2.2m seed funding round to supercharge the hiring landscape through the power of trusted references. The funding round was led by Venture Highway with participation from several influential angel investors. Weekday is a Y-Combinator backed business. Founded in 2021 by Amit Singh, Anubav Malik and Chetan Dalal, Weekday has been operational in beta mode until today. Its genesis lies in the pain point the founders faced (in a previous startup) which centered on hiring a technology team. Despite the plethora of tools available, it took 3 months to find their first engineer but remained unconvinced. So, they turned to their network to get references which validated the individual and their skill set. This ended up almost doubling their candidate pipeline. Now, the three founders are productising the same approach of hiring with Weekday starting with a focus on tech hires. Weekday invites software engineers to connect their social graph (i.e. LinkedIn and Contacts) and gives them a readymade shortlist to refer talent to various companies. Weekday gamifies the experience and makes this unique data of references available for recruiters. Weekday hosts multiple people’s references and companies can utilize the “Backchannel” feature to get background references (from former colleagues) on every candidate they interact with; making hiring less about resumes and interviews; and more about real-life experiences and capabilities. For companies, Weekday is a sourcing engine on auto-pilot; where they can not only find candidates but also reach out to them automatically while getting reference checks on them in an instant. After 4 days of signing up, they start getting candidates suggestions with ready back channel references on their calendar to interview. Amit Singh, CEO and Co-founder of Weekday commented: “People check and rely on reviews nowadays for everything, be that going to a restaurant or buying anything on Amazon. But, when it comes to making the important decision of hiring someone, they are happy to rely on a self reported resume. We did a survey of more than 200 companies’ hiring process and while a majority did a basic background check on candidates (ie criminal record or whether they actually worked in their previous organization), less than 5% of companies use reference checks from previous colleagues to make their hiring decisions. This often leads to wrong hires. Eventually leading to firing; which ends up being detrimental to both employer as well as the employee. We want to change that. We want to solve the problem of lack of trust in the hiring process. We believe that a recruiting platform with “references” as the cornerstone is the solution that solves all these problems. We are what LinkedIn should have been.” Over 120 companies have used Weekday for their hiring needs. These recruiters are attracted because of the large pool of passive candidates (those who are not actively looking for a new role) who have been recommended by their peers which means the quality of candidates is much superior to any job board based platform. Moreover, with remote hiring on the rise, trust becomes even more important and so having references really matters to recruiters. “While most other company functions like design, product, dev tools, and sales have seen breakthrough products in the last 5-6 years, recruitment still hasn't. LinkedIn is a 20-year-old company that continues to be the de-facto platform for recruitment. We are partnering with Weekday as they try to change that” said Aviral Bhatnagar from Venture Highway Weekday is currently focused on companies hiring remote software engineers. Majority of these companies are headquartered in the US while the majority of the candidates are based in India and Southeast Asia. About Weekday Weekday is a Y Combinator backed startup solving for recruitment via its crowdsourced reference network. Weekday ( http://weekday.works/), helps startups hire engineers who are vouched by other software engineers. They have worked with over 100 companies (specializing in seed and Series A funded startups) and have helped them hire CTOs, Tech Leads, and Senior Software Engineers. They have worked with companies like Coinbase, Clipboard Health, AtoB, Daloopa, Zepto, Round Finance etc. Weekday is a sourcing engine on auto-pilot for these companies, that finds candidates as well as facilitates outreach to them; and sends interested parties to interview with ready references. Contact Details Weekday Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.weekday.works/
August 24, 2023 07:00 AM Pacific Daylight Time
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News ReleaseForesight Autonomous Holdings Ltd.
Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (the “Company” or “Foresight”), today reported financial results for the second quarter of 2023. Foresight ended the first half of 2023 with revenues of $55,000 and with $17.8 million in cash, cash equivalent, restricted cash, and short-term deposits. The Company reported a U.S. generally accepted accounting principles (“GAAP”) net loss of $6.1 million and a non-GAAP net loss of $5.6 million for the second quarter of 2023, compared to a GAAP net loss of $10.1 million and a non-GAAP net loss of $9.7 million for the second quarter of 2022, reflecting a decrease of 40% and 42%, respectively. “At the end of the second quarter, we recorded a significant milestone with the signing of our exclusive commercialization agreement with Elbit Systems Land Ltd. (“Elbit”) (Nasdaq and TASE: ESLT),” said Haim Siboni, Foresight’s CEO. “This agreement will put our technology directly in the hands of Elbit customers in the defense, paramilitary and homeland security industries. We believe that this is an important step forward for Foresight, as well as notable validation of our technology by one of the world’s leading defense suppliers. The commercialization agreement may result in revenues of up to $4 million over a five-year contractual period. “Foresight’s ongoing strategy of collaborating with global leading Tier One suppliers continues. During the second quarter, we signed a memorandum of understanding (MOU) with KONEC, a leading South Korean Tier One automotive supplier. This MOU is an important first step as we enter one of the world’s most important automotive markets, and it builds off our previous successes working with leading Tier One suppliers in Japan, China, Europe, and the United States. Tier One suppliers value the benefits of our 3D perception stereo vision solutions, and we expect this widespread interest to convert into paying customers in the coming quarters. Second Quarter Corporate Highlights: ● Foresight Secures Revenues of Up to $4 Million with Signing of Exclusive Commercialization Agreement with Elbit Systems: In July, Foresight announced the signing of an exclusive agreement with Elbit for the integration, marketing and licensing of Foresight’s image processing software solution. Foresight anticipates revenues of up to $4 million over a contractual period of five years, with minimum guaranteed revenues of $1 million over the same period. According to the agreement, Elbit will commercialize Foresight’s software solution in the form of a software license. Foresight’s solution will be offered to Elbit’s end customers as a component of advanced driver assistance systems (ADAS) for driving safety, as well as a solution for semi- and fully autonomous platforms used in unmanned combat and security ground vehicles in the defense, paramilitary and homeland security markets. ● Foresight Signs MOU with South Korean Tier One Supplier KONEC for Cooperation in ADAS and Autonomous Driving Solutions: In June, Foresight signed a memorandum of understanding (MOU) with KONEC, a South Korean Tier One automotive supplier. According to the MOU, Foresight and KONEC will collaborate to develop ADAS and autonomous driving solutions, which will expand KONEC’s product offering to global customers such as Hyundai, Tesla and Magna. The MOU represents Foresight’s first entry into the thriving South Korean automotive market. ● Foresight Regains Compliance with Nasdaq Minimum Bid Price Rule: In early May, Foresight received a letter from the Nasdaq Stock Market confirming that Foresight regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). Foresight can now continue its listing on the Nasdaq Stock Market, and the previous matter of non-compliance is now closed. Second Quarter 2023 Financial Results Research and development (R&D) expenses, net for the three months ended June 30, 2023, were $3,150,000, compared to $2,806,000 for the three months ended June 30, 2022. The increase is mainly attributable to an increase in payroll and related expenses in the amount of $335,000. Marketing and sales (S&M) expenses for the three months ended June 30, 2023, were $484,000, compared to $605,000 for the three months ended June 30, 2022. The decrease is mainly attributable to a decrease in professional services expenses in the amount of $62,000 and a decrease in payroll and related expenses in the amount of $63,000. General and administrative (G&A) expenses for the three months ended June 30, 2023, were $715,000, compared to $837,000 for the three months ended June 30, 2022. The decrease is mainly attributable to a decrease in professional services expenses in the amount of $78,000. Finance expenses, net for the three months ended June 30, 2023, were $1,715,000, compared to $5,991,000 for the three months ended June 30, 2022. The decrease is mainly attributable to expenses from the revaluation of the Company’s investment in Rail Vision Ltd. (“Rail Vision”) to its fair value in the amount of $1,666,000 for the three months ended June 30, 2023, compared to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $5,588,000 for the three months ended June 30,2022. GAAP net loss for the three months ended June 30, 2023, was $6,064,000, or $0.02 per ordinary share, compared to a GAAP net loss of $10,116,000, or $0.03 per ordinary share, for the three months ended June 30, 2022. Non-GAAP net loss for the three months ended June 30, 2023, was $5,651,000, or $0.02 per ordinary share, compared to a non-GAAP net loss of $9,663,000, or $0.03 per ordinary share, in the same quarter last year. A reconciliation between GAAP net loss and non-GAAP net loss is provided in the financial statements that are part of this release. First Half 2023 Financial Results R&D expenses, net for the six months ended June 30, 2023 were $6,269,000, compared to $5,498,000 in the same period last year. The increase is mainly attributable to an increase in payroll and related expenses in the amount of $592,000. S&M expenses for the six months ended June 30, 2023, were $1,188,000, compared to $1,229,000 for the six months ended June 30, 2022. The decrease is mainly attributable to a decrease in payroll and related expenses in the amount of $88,000, to a decrease in consultants in the amount of $88,000 offset by an increase in exhibitions, conventions and travel expenses in the amount of $116,000. G&A expenses for the six months ended June 30, 2023 were $1,573,000, compared to $2,025,000 in the same period last year. The decrease is mainly attributable to a decrease in professional services in the amount of $204,000 and from a decrease in payroll and related expenses in the amount of $115,000. Finance expenses, net for the six months ended June 30, 2023, were $1,655,000, compared to $3,519,000 in the same period last year. The decrease is mainly attributable to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $1,544,000 for the six months ended June 30, 2023, compared to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $2,788,000 for the six months ended June 30,2022. GAAP net loss for the six months ended June 30, 2023 was $10,651,000, or $0.03 per ordinary share, compared to a GAAP net loss of $12,140,000, or $0.04 per ordinary share, in the same period last year. Non-GAAP net loss for the first half of 2023 was $9,894,000, or $0.03 per ordinary share, compared to a non-GAAP net loss of $11,191,000 or $0.04 per ordinary share, in the same period last year. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Balance Sheet Highlights Cash, restricted cash and short-term deposits totaled $17.8 million as of June 30, 2023, compared to $26.5 million as of December 31, 2022. GAAP shareholders’ equity totaled $18.9 million as of June 30, 2023, compared to $28.8 million as of December 31, 2022. The decrease is attributed mainly to the net loss for the period. Use of Non-GAAP Financial Results In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the Company's earnings release contains non-GAAP financial measures of net loss for the period that exclude the effect of stock-based compensation expenses. The Company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the Company's ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-GAAP financial measures disclosed by the Company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release. Forward-Looking Statements 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. For example, Foresight is using forward-looking statements in this press release when it discusses the Elbit commercialization agreement is a validation of its technology by one of the world’s leading defense suppliers, the potential revenues that may be realized under that agreement, that Tier One suppliers’ interest in its products are expected to convert into paying customers in the coming quarters, that the ADS ratio change ensures that it will be able to focus on business expansion and technological innovation as the Company takes advantage of the transition to autonomous driving solutions. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight 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 Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight 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 have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC msegal@ms-ir.com 917-607-8654 About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/
August 23, 2023 04:05 PM Eastern Daylight Time
News ReleaseBenzinga
By Faith Ashmore, Benzinga Necessity-based real estate refers to properties that are essential for everyday living. This includes sectors such as healthcare facilities, grocery stores, multifamily housing and more. Investing in necessity-based real estate can be a great tool for investors to build stable diversification — a layer of resilience and a safeguard around their investments against market swings. Unlike other types of real estate, necessity-based properties tend to have consistent demand even during economic downturns. This relative stability in demand helps to mitigate the risks associated with market fluctuations, and investing in necessity-based real estate allows investors to diversify their portfolios. By including these stable and essential property types in their investment strategy, investors can minimize risk, safeguard their capital and achieve long-term financial resilience. First National Realty Partners (FNRP) is a renowned necessity-based real estate firm that has established itself as the leader and inventor of the specific industry. The company was the #1 privately-held acquirer of grocery-anchored retail real estate in 2022. With its unique and effective approach, First National Realty Partners utilizes its Dragnet Acquisitions Model to identify exceptional properties nationwide that align perfectly with their stringent investment criteria. Once these carefully selected properties are identified, FNRP initiates the acquisition process. Their team meticulously develops tailored business plans for each individual property, ensuring a comprehensive and strategic approach. Concurrently, they raise the capital required for the investment, leveraging their extensive network of investors. Upon completing the due diligence process in collaboration with industry experts and cultivated relationships, FNRP proceeds to close on the property and assume control. This is where their expertise shines as they deploy their team to each property, verifying the meticulous due diligence performed and engaging with existing tenants to solidify their business plan for the property's success. With full ownership in place, the team uses its in-house management approach to maintain cost control, seamlessly execute value-add initiatives and ensure high-quality standards are upheld. A History of Real Estate Success With an impressive track record of success, FNRP has established itself as the go-to investment firm for those seeking to navigate the ever-changing market and achieve long-term wealth preservation. With over $2 billion in assets under management, FNRP has consistently demonstrated its ability to deliver results for investors. Their portfolio boasts an impressive 57 current assets held, showcasing their expertise in identifying and acquiring high-quality properties that align with their investment strategy. Since its inception, FNRP has distributed over $100 million to its valued investors, a testament to their commitment to generating returns. Their successful growth is evidenced by the acquisition of over 11.5 million square feet of gross leasable area (GLA) across 23 states, solidifying their nationwide presence and extending their reach to diverse markets. What truly sets FNRP apart is its extensive network of 2,500+ accredited investors. This broad investor base reflects the trust and confidence placed in the firm by individuals who recognize their ability to consistently deliver solid opportunities for wealth creation and preservation. With its sector expertise, noteworthy track record, and commitment to excellence, FNRP stands as a leading necessity-based real estate firm. Learn more about FNRP’s upcoming deals here. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
August 23, 2023 09:45 AM Eastern Daylight Time
News ReleaseBenzinga
By David Willey, Benzinga VT Markets is a global, multi-asset brokerage company specializing in Contract for Differences (CFD) and Foreign Exchange Market (Forex) trading. The Australia-based company has spent almost a decade building an innovative and trusted brand for retail traders, with over 200,000 active clients from more than 160 countries, and an average daily trade volume of over 4 million trades every month — traders can open an account with VT Markets in as little as five minutes. Forex trading has reached new highs, with a daily turnover of $7.5 trillion in 2022, up from $6.6 trillion in 2019. There are approximately 10 million Forex traders globally. Brokerage firms like VT Markets can often help traders with everything from the mechanics of the trade to providing advice on how to make smart investment decisions. For traders, it is important to find a brokerage firm that they can trust and which has the financial instruments and the platform to support them in their trading. VT Markets’ Mission Of Accessible Trading VT Market is setting out to build a reliable, accessible platform that can serve all traders. Mobile app trading has been growing in popularity, with over $22 billion in revenue generated by app trading in 2022. Additionally, over half of all Forex traders prefer trading using a mobile device or app. VT Markets gives its traders a variety of platforms to choose from, including the popular MetaTrader 4 and 5 platforms, as well as WebTrader, WebTrader+ and the VT Markets app. The level of accessibility the platform offers is one of its key differentiating factors, with many competitors carrying far more restrictions on instruments and requirements. VT Markets provides its users with access to over a thousand financial instruments that allow them to trade almost every asset class — including Commodities, Gold and ETFs. The brokerage is the recipient of numerous brokerage awards, including Best Forex Broker Europe 2023 Awarded by Forex Awards, Fastest Growing Broker Europe 2023 Awarded by Global Business Review Magazine, Best Multi-Asset Broker MENA 2023 Awarded by International Business Magazine and more. The company believes all these awards are a recognition of its stated mission “to make trading easy and accessible for everyone.” VT Markets is looking to become one of the easiest-to-use trading solutions that provides retail traders with a comprehensive set of tools within a safe, regulated environment. This includes up to 500:1 trading leverage, a robust account management portal, and even potential extra trading bonuses. Getting started with VT Markets is as simple as 1) applying for an account, 2) selecting a payment method, and 3) begin trading with VT Market’s thousands of financial instruments across all asset classes. Traders can start an account in as little as five minutes – click here to create an account with VT Markets. Learn more about VT Markets by visiting its website. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
August 23, 2023 09:45 AM Eastern Daylight Time
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