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Growfin raises $7.5M led by SWC Global as it helps enterprises drive 33% efficiency in cash flow

Growfin

The prevailing economic conditions with a looming recession, correcting valuations and a tough fundraising environment have meant companies are zooming in on optimizing their cash flow to establish a sustainable growth pathway. Helping these companies get a focussed lens, fintech startup Growfin is today announcing a $7.5M Series A funding round to provide real-time visibility and predictability in cash flow for modern CFOs. The funding round was led by Singapore’s SWC Global with participation from existing investors 3one4 Capital and angels including CFOs and other industry leaders. This funding round comes hot on the heels of 8x growth in customer numbers over the last 12 months during which time Growfin has helped businesses collect $1B in account receivables (AR). Notable customers include Intercom, Locus, Mindtickle among others who have been able to boost their cash flow by 33% month on month by collecting their AR on time or faster. Globally, AR numbers for B2B businesses equate to $125 Trillion every year and 30% of this remains outstanding every month, presenting Growfin with a substantial opportunity to serve. Modern CFOs are struggling to get to grips with visibility and predictability in their cash collection cycle from customers, many of whom still rely on spreadsheets to solve this problem. Growfin has built a unique finance CRM that solves these challenges for finance and revenue teams. With its automation, collaboration tools and real-time collection tracking capabilities, it helps finance, sales and customer success teams connect in one place to handle customer relationships during the payment process and improve efficiency in collecting payments. It seamlessly integrates with any ERP (which connects invoices with payments) and CRM systems (which connect leads to sales) to drive faster payment collections from customers, improving the cash flow and the financial health of businesses. Founded in 2021 by Aravind Gopalan and Raja Jayaram, both second time (exited) founders, had been plagued by a lack of cash flow constraints in their previous ventures and sought to remedy this. They launched Growfin publicly in March 2022 having run focus groups of over 200 finance professionals from around the world to build the product. Aravind Gopalan, Co-founder and CEO at Growfin commented: “Getting paid and getting paid on time have been challenges as long as commerce has existed for businesses of all sizes. Managing receivables and collecting payments are often complex and compound even more as companies grow. Despite the growth of ERPs and CRMs such as Salesforce and Netsuite, I’ve understood that 90% of finance teams still manage their AR processes outside these tools, typically on spreadsheets or in-house databases. We are building a tool that is purpose-built for managing AR by integrating with the ERPs and CRMs, replacing all these spreadsheets and botched systems” “Growfin enables anyone concerned with invoice payment, including the customer, to collaborate in one place where they all see the same information and help solve payment issues faster. This collaboration-first approach will offer better efficiencies and greater transparency and build trusted relationships between customers and businesses towards collecting B2B payments faster.” “Over the last year, I have met with countless CFOs and two key observations stick in my mind. They have major concerns about the accuracy of the data informing their cash flow positions and twinned with this, they are anticipating their company numbers will come under increased scrutiny in 2023 from their boards and investors owing to current market conditions. Growfin is solving these headaches for CFOs.” Supporting the Growfin insights and proposition, a recent Gartner report found that CEOs and CFOs of tech companies feel underprepared for the current economic downturn and 78% have invested in automation and cash flow visibility to build the CFO tech stack to navigate the downturn. Additionally, prominent VCs like a16z and Redpoint ventures have also been calling for the modernization of the CFO tech stack as the way forward. Tuck Lye Koh, Founding Partner at SWC Global added: “Growfin’s AI-powered system is poised to disrupt how businesses collect their invoice payments by sitting on top of ERP systems like Netsuite and Microsoft dynamics that dominate the industry. Globally they have over 100,000 customers and now finance teams beholden to these systems will be able to plug in Growfin to get a deeper and wider eye into their financial well-being with real-time cash-flow efficiency and forecasting. Aravind and Raja are young yet very experienced and we're excited to be a part of their journey”. Growfin will make significant investments in its tech stack and product range in 2023, expanding its offering from a Finance CRM to an all-in-one integrated cash solution that will enable B2B enterprises to streamline and manage cash flow to enhance its product's predictive AI capabilities. This evolution will help businesses optimize their working capital and drive growth. About Growfin Growfin is a SaaS fintech platform that provides a Finance CRM system to help fast-growing B2B companies optimize their working capital by accelerating payment collections from customers and improving cash flow efficiency. Their AI-based system provides real-time visibility and predictability in accounts receivables, streamlining the process and improving cash inflows. Notable customers include Intercom, Fourkites, Mindtickle, Darwinbox, and Quick Dry Restoration. About SWC Global Founded in 2021, SWC Global is a venture capital firm based in Singapore. SWC is an affiliate of a leading multi-billion venture capital firm based in Asia, invested in some of Asia's leading companies, including over 40 unicorns and 12 decacorns. SWC invests in founders to help them build disruptive technologies or business models in emerging megatrends. For more information, please visit https://www.swcglobal.com/ Contact Details Growfin Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.growfin.ai/

March 07, 2023 07:00 AM Eastern Standard Time

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News Release

Stocks to Watch In The High Flying US Military Drone Market

RazorPitch EPAZ

Drone technology has advanced almost exponentially since their introduction roughly 50 years ago, to the point where drones are now one of the most important and cutting-edge tools used by modern militaries. This demand for military drones has boosted competition in the market and defense budgets alike. The global military drone market size, valued at $11.73 billion in 2022, is projected to grow to $30.86 billion by 2029, with a CAGR of 14.82% in the run-up to 2029. With increased government funding as one of the key drivers, the demand for drones is rising fast. Branches of the US Military, including the Navy and the Army, as well as the Department of Defense, all see their budgets for unmanned vehicles expand. The ongoing war in Ukraine has also shown the critical role of drones in surveillance, reconnaissance, and combat operations. Epazz, Inc. (OTC: EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions. Its spinoff, ZenaDrone, is an autonomous drone monitoring, inspection, and surveillance solution provider. ZenaDrone first launched drones to predict animal health and crop diseases. Recently, it made a foray into defense with the launch of ZenaDrone 1000, an unmanned vehicle with capabilities that include fully autonomous flights, highly detailed 3D mapping, geotagging, and thermal detection. It combines the best of both software and hardware to provide solutions for aerial monitoring and data gathering in defense. On March 1, Epazz announced that the US Air Force had invited the company to conduct a demonstration of the ZenaDrone 1000 at an air base in California on March 16 and 17. It has been focusing on getting U.S. government contracts for the product, as it submitted Phase 1 SBIR contracts and is working on securing partnerships for Phase 2. With additional phases, SBIR would enable the company to win major government contracts worth up to $15 million over the next three years. With the significant revenue opportunity coming from the SBIR contracts in the next few years, the company’s prospects also get a boost from the ban on Chinese drones by the US government. Additionally, if ZenaDrone becomes a part of the program, it will have to be able to sell its drones to US allies. Trading at $0.0067 per share, this company deserves investor attention. Additional stocks in the military drone space to pay attention to include: NVIDIA Corporation (NASDAQ:NVDA) is a graphics chipmaker that also provides autonomous drones with AI-enabled flight control with object recognition capabilities. Nvidia is one of the first companies to bring AI capabilities to commercial drones with its credit card-sized platform NVIDIA Jetson TX2 On January 19, the company released Nvidia Jetson Orin NX 16Gb module, the most advanced AI computer with the ability to boost performance and efficiency of drones BAE Systems (OTC: BAESY) specializes in aerospace, security, and armaments. It develops security, defense, and aerospace technology systems for use in the air, on land, and at sea, including unmanned systems and drones. On Feb. 15 its Autonomous Pacific 24 rigid inflatable boat was the first ever unmanned military vessel to be awarded Lloyd’s Register Unmanned Marine Systems Certification. On Feb. 28 BAE Systems unveiled a new uncrewed military aircraft that will be designed, manufactured and armed in Australia. The STRIX uncrewed air system will be capable of air to ground strikes, surveillance and reconnaissance in "high-risk environments." Elbit Systems Ltd. (NASDAQ:ESLT) is an Israel-based technology company involved in numerous defense, homeland security, and commercial programs. Its products include unmanned aircraft systems; command, control, computing, and communications (C4ISR); and aerospace, land, and naval systems. Its robotic and autonomous combat solution, the THOR VTOL, vertical takeoff and landing, is a mini unmanned aircraft system uniquely positioned to operate both in urban areas and marine zones. The platform is foldable, stored in a backpack and can be deployed in less than two minutes. Its fully autonomous operation micro-unmanned aircraft system MAGNI is a foldable device designed for delivering day/night, 3D real-time intelligence. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is a government contractor for the US Department of Defense, making drones, defense electronics, and other products for the Pentagon and other government buyers. The company recently developed loyal wingman drones that can fly alongside manned aircraft to conduct reconnaissance, test enemy air defenses, and launch attacks with precision weapons. On Feb. 23 Naval Air Systems Command awarded Kratos a sole source $49.6 million initial contract for production of the BQM-177A drones, its Subsonic Aerial Target System. Kratos has delivered 65 products previously, under a $14.7-million contract. Under this new agreement, it will deliver another 55 BQM-177A drones, mission kits, and technical data to the navy. On March 1 the company said it can double or even triple its annually built 150 drones, including its Valkyrie XQ-58A, to meet possible surge in demand that could come from the Pentagon’s aid to Ukraine and stocks depletion. Conclusion The market for military drones has strong drivers, with growing government spending being the most important one. The use cases of drones are expanding as well, to include military cargo delivery. Investors hoping to get in and benefit should pay close attention to the news and advances that these drone manufacturers make as they continue to innovate and bring new products to market. Razorpitch Inc. is a marketing communications and investor relations firm serving private, pre-IPO, and public companies. RazorPitch specializes in corporate, investor, and stakeholder communications. Our goal is to raise visibility, expand awareness, and increase value. To learn more, visit RazorPitch.com. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. RazorPitch is responsible for the production and distribution of this content. RazorPitch is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://razorpitch.com

March 07, 2023 05:00 AM Eastern Standard Time

ChainUp joins AML project led by NTU & CSA as the key technology partner

ChainUp

Global blockchain technology solutions provider ChainUp Group announced at the TAICeN project kickoff meeting that it is officially part of the project led by Nanyang Technological University of Singapore (NTU) and Cyber Security Agency of Singapore (CSA). ChainUp Group, the only commercial collaborator, will contribute its product (ChainEyes) which provides know-your-transaction (KYT) technology and solutions for digital asset trading risk control and compliance. The ChainUp R&D team will be working alongside other project members in CSA and NTU to drive the development of the anti-money laundering solution. At the TAICeN project kickoff meeting, ChainUp Group also shared more about the ChainEyes KYT solution, which includes key features such as transaction risk analysis and funds tracking. ChainEyes leverages its blockchain domain expertise, big data analytics and artificial intelligence algorithms to analyze wallet addresses, assess risks and curate investigative support capabilities. Ms. Tan Bin Ru, Deputy CEO cum COO of ChainUp Group commented, “We are honored to be a part of the TAICeN project led by NTU and CSA to contribute and showcase our ChainEyes KYT solution. Through this collaboration, we hope to contribute ChainUp’s technological expertise in Blockchain to support research breakthroughs and do our part in supporting the growth of the Web3 ecosystem in Singapore.” About ChainUp Group Founded in 2017, ChainUp is a leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management. Headquartered in Singapore and with offices around the world, the company has served more than 1,000 clients in 30 countries, reaching over 60 million end-users. For more information, please visit: www.chainup.com. Contact Details ChainUp Media Team pressrelease@chainup.com

March 07, 2023 03:08 AM Eastern Standard Time

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Cybersecurity Upskilling Provider RangeForce Raises $20 Million in Financing

RangeForce

RangeForce, a leading provider of scalable, cloud-based cyber defense upskilling solutions, announced the completion of $20 million in financing encompassing a Series B raise, which it will use to expand its product line. Energy Impact Partners and Paladin Capital Group led the latest round. Other investors were KPN Ventures, Lapa Capital Partners, and Lanx Capital with participation from Cisco Investments. “This funding supports our vision to equip the modern diverse workforce with comprehensive cybersecurity upskilling solutions that enable organizations of all sizes to defend against cyber-attacks,” said Taavi Must, CEO of RangeForce. “Our mission is urgent in light of the global shortage of skilled cybersecurity professionals. RangeForce offers cyber defense training to frontline workers, who are the first line of defense in cybersecurity readiness, while providing management with valuable insights into their team's strengths and weaknesses.” The RangeForce cyber defense upskilling solutions are available in three different tiers to meet an organization’s unique needs, all of which include real-world interactive exercises that simulate live attacks to better protect teams against current and emerging cyber threats. These offerings help cybersecurity professionals and operations teams continuously upskill employees, keeping their critical defense skills relevant against current threats while using their existing software tools. “RangeForce’s cyber defense offerings fill a crucial gap in continuous cybersecurity upskilling today,” said Nazo Moosa, Managing Partner at Energy Impact Partners. “Organizations desperately need cutting-edge training to help them reduce cyber risk and retain critical talent. Our investment is rooted in the belief that RangeForce fits both needs exceptionally well.” “As early believers in human cyber defense readiness, we are excited for RangeForce's next stage of growth as they continue to scale against this massive market opportunity,” said Gibb Witham, Senior Vice President at Paladin Capital Group. RangeForce has experienced rapid growth with Fortune Global 2000 companies in a variety of industries, including finance, technology, and healthcare, and counts companies like Equifax, Barclays, and federal government entities among its customers. The growth comes as the cybersecurity skills gap continues to expand across all sectors. The 2022 Cybersecurity Skills Gap report by Fortinet found that 80% of organizations worldwide experienced a security breach that could be directly attributed to insufficient cybersecurity skills and awareness. The (ISC)² Cybersecurity Workforce Study in 2022 reinforced the scale of this challenge, stating that there are currently 3.4 million unfilled cybersecurity positions. The U.S. Bureau of Labor Statistics says demand for cybersecurity experts will rise 33 percent by 2030, much faster than the average increase for all occupations. Rangeforce announced its official market launch in 2019. The technology was conceived in 2015 by co-founders Taavi Must, Jaanus Kink, and Margus Ernits, who met while working on a project to build out a Cyber Range and cyberattack simulations for the NATO Cooperative Cyber Defense Center of Excellence. About RangeForce: RangeForce empowers cyber defense readiness at scale. Refine individual and team capabilities against the latest threats with a continuous approach to cybersecurity skills development. See real threats in action and sharpen the skills needed to defend your organization with interactive modules, challenges, and team-based threat exercises that reflect the real world. Visit www.rangeforce.com to learn more. About Energy Impact Partners: Energy Impact Partners LP (EIP) is a global investment firm leading the transition to a sustainable future. EIP brings together entrepreneurs and the world's most forward-looking energy and industrial companies to advance innovation. With over $3 billion in assets under management, EIP invests globally across venture, growth, credit, and infrastructure – and has a team of over 80 professionals based in its offices in New York, San Francisco, Washington D.C., Palm Beach, London, Cologne, and Oslo. For more information, visit www.energyimpactpartners.com. About Paladin Capital Group: Paladin Capital Group was founded in 2001 and has offices in Washington DC, New York, London, Luxembourg, and Silicon Valley. As a multi-stage investor, Paladin’s core strength is identifying, supporting and investing in innovative companies that develop promising, early-stage technologies to address the critical cyber and advanced technological needs of both commercial and government customers. Combining proven investment experience with deep expertise in global security, cyber technology and cutting-edge research, Paladin has invested in more than 60 companies since 2008 and has been a trusted partner to investors, entrepreneurs and governments for over two decades. For more on Paladin Capital Group visit PaladinCapGroup.com. Contact Details Owen Media Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://www.rangeforce.com/

March 06, 2023 11:00 AM Eastern Standard Time

Minuteman Press Franchise in Naples, FL Shares Growth Strategies, Overcomes Hurricane Ian

Minuteman Press International Inc

David Ogden purchased the Minuteman Press franchise in Naples, Florida, in January 2021. In the two years since the purchase, David has successfully grown the business by expanding high-demand products and services as well as the key acquisition of independent printing business Sunbelt Printing in September 2022. David says, “The resulting sales growth in business after bringing Minuteman Press and Sunbelt Printing together is over 400% year-over-year.” Around the same time as the acquisition and planned relocation to a new 4,100 sq. ft. facility, Hurricane Ian hit Florida on September 28, 2022. David shares, “What an experience. I purchased Sunbelt Printing and found a new building to move into. The movers were scheduled to get us moved on September 28, 2022. It turns out it was the same day Hurricane Ian hit the Naples/Ft. Meyers area. Needless to say, the move was postponed, and all of our original planning was out the window. Finding contractors to get the electricity where we needed it and all the other moving parts involved had to be reorganized and rescheduled.” David continues, “We did it, and it took more time and patience than I expected, but we finally succeeded and are now in our 4,100-square-foot facility. We have grown really fast since the move and the acquisition, so it’s a good thing we were able to overcome Hurricane Ian and complete the move.” Today, Minuteman Press in Naples is located at 771 Airport Rd. N., Units 4 & 5, Naples, FL 34104. Journey from Cairo, Egypt to Naples, FL David Ogden first moved to Naples in 2013. He shares, “I owned a printing company in Cairo, Egypt, while my family and I lived there. When we left in 2013 and moved to Naples, I still owned the printing company in Egypt, and my brother-in-law took over day-to-day management. Today, I own Minuteman Press in Naples as well as two other companies not in the printing industry.” As someone with experience in the printing industry and as a business owner, David explains why he chose to join the Minuteman Press franchise family: “I chose Minuteman for several reasons. First, it was an existing franchise and a ‘fixer-upper.’ I also liked the company's history, the clear and present franchise support, and of course, their capped royalty structure. Finally, I knew from the day I started the training program for new owners with Mike Jutt and Pete Taglino that I had made the right decision and Minuteman Press was the right franchise brand for me.” David continues, “I did my homework before buying Minuteman Press in Naples, and I talked to many existing owners. All of them agreed the support received from Minuteman Press International was outstanding. After purchasing the business and when the paper supply chain issues occurred, it shook me at first. But then I had a great conversation with our Regional VP Larry Trimble, who helped put it in perspective and provided guidance. From that day forward, I have taken the ‘failure is not an option’ approach, and it has worked out great. I have fantastic support from our regional rep Mark Geller, and Larry Trimble. They are part of our team, know my business well, and are part of our success.” 3 Keys to Growing the Business David highlights the following three key ways he has grown the business over the past two years: Providing high-demand products and services, including direct mail. “ We have a large direct mail customer that does 6-10K pieces of first-class mail per day with us. We also have many smaller customers that do various-size mailings and Every Door Direct Mail (EDDM) postcards. Mailing is about 20% of our business and a fast growth area, and so we are investing in direct mail even further with new equipment.” Listening to clients and meeting their needs. “I make time to meet and talk to customers at our front desk. I always ask new customers, ‘What other kind of printing do you use?’ About 70% of the time, I discover new potential business. For example, our very large direct mail customer came from asking that one simple question, which added $30K per month in new revenue.” Learning from other owners by attending the Minuteman Press World Expo. “I learned a great deal at the Minuteman Press World Expo last year and took those ideas back to my team. As a result, we have increased a lot of central facility work, which has benefited our business's overall mix. One of the best takeaways from the Expo was the President’s Million-Dollar Owners panel, where successful owners from all across Minuteman Press answer questions from other franchisees. I sat and listened to every one of them talking about buying independent printers and merging them into their own businesses. I decided then and there to go home and buy another printer. Six weeks later, I purchased Sunbelt Printing.” Acquisition of Sunbelt Printing The acquisition of Sunbelt Printing certainly proved to be a huge boost for Minuteman Press in Naples. David shares, “Minuteman Press sends out regular mailings to independent printers asking them if they have a plan to retire or have an exit strategy, and they explain the benefits of selling their business with the help of Minuteman Press International. The owner of Sunbelt Printing was looking to sell and was ready to retire. After many meetings with that owner and weeks of negotiating, I bought Sunbelt Printing and merged that business into my existing business. Both were about equal in revenue per month at the time of the merger, and as I said previously, the resulting growth in business after bringing the two together is over 400% year-over-year.” David continues, “Our regional rep Mark Geller helped coordinate and execute the merger of the two businesses. He also helped us with specialty contractors to get equipment like large cutters moved and re-installed. In addition, Mark regularly helps me train new employees.” What’s next for David Ogden and Minuteman Press in Naples? David answers, “We are excited to keep serving our clients with high quality printing, marketing, and mailing services. I love building relationships with our customers and look forward to continuing to grow together. I’m also in talks with another independent printer about buying their business. We will see where that leads us.” Minuteman Press in Naples is located at 771 Airport Rd. N., Units 4 & 5, Naples, FL 34104. For more information, visit their website: https://minuteman.com/us/locations/fl/naples/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

March 06, 2023 10:00 AM Eastern Standard Time

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Livento Group (NUGN) Artificial Intelligence Acquisition Complete

Livento Group

McapMediaWire --- NuGene International, Inc./ Livento Group, Inc. (OTC: NUGN ), a dynamic group that specializes in acquiring and developing companies with disruptive business models in film, content, and technology for fund managers, announced it has finalized the acquisition of Novel-Ti, a company specializing in Artificial Intelligence and Robotic Industry Solutions. About Novel-Ti Novel-Ti was created in 2013 by two partners, an engineer in computer science and a PhD engineer who is qualified in electrical engineering and fuzzy logic, which is an approach to variable processing that allows for multiple possible truth values to be processed through the same variable. Novel-Ti has eight engineers and PhD engineers. It has developed many bespoke innovative applications, utilizing artificial intelligence and computer vision in different sectors including the finance, automotive and healthcare sector. We will be releasing more information about the nature of some of the very sophisticated programs developed by the company in the coming days. The company’s clients have included major corporations and business who are seeking unique solutions to solve complex problems. David Stybr - Livento Group CEO - “The artificial intelligence market equated to $50 billion USD in 2020 and is expected to reach $185 billion USD in 2026. The Novel-Ti acquisition is just the start of what investors and customers will see from the Livento AI & Robotics Solutions division. After completion of the acquisition and integration of the Novel-Ti acquisition, we will focus on business growth and harnessing the power of the team to add value across the Livento Business. Livento will remain opportunistic regarding further acquisitions within the industry. We forecast revenue of $1M USD in 2023 from their existing clients and additional revenue from solutions developed by the team that are sold as solutions across the industry. An example of this is project ‘OWL’. OWL is a very exciting project and the Novel-Ti Solution is transformational. About OWL At Livento Group we couldn’t pass up this opportunity to acquire a company that specializes in treating neurological disorders and diseases that effects millions of people around the world. The uncontrolled annual growth of neurodevelopmental and neurodegenerative pathologies requires an urgent solution. It’s estimated that Autism effects 75 million people, Alzheimer’s effects 78 million people, and will cost society an estimated $2.8 Trillion USD by 2030. To fight against this disease, Novel-Ti uses its expertise in Artificial Intelligence and image processing. Novel-Ti has developed an interactive solution in collaboration with professionals in neurological pathologies. The application identifies areas of brain, which require an active reconnection. The visual analysis of the participants behaviour in real time allows the system to monitor and adapt each exercise individually, as well as analysing the progress made at each session. A unique hardware and software solution The second project in the pipeline for Novel-Ti is in the Robotics sector. The Livento team is in discussions with a production facility in the Czech Republic. The facility specializes in producing robotics solutions, The Novel-Ti team is tasked to deliver programming works for two new automated robotic prototypes which will be used in various business cases. Livento is in discussion to have larger involvement in the projects. Livento will seek to achieve higher revenue potential in the Articifial Intelligence sector. Mr Zied Loukil, founder of Novel-Ti, stated: “Livento plans to position the new division as a major player in the Artificial Intelligence industry, combining the strengths of the Marketing and Commercial power of Livento and the expertise of the Novel-Ti team, which will enable Novel-Ti to grow our client base and product lines increasing revenues and market share.” The new division of Livento will be managed from our European offices and will be led by Mr. Willem van der Meer, Mr. Olivier Somville and Mr. Zied Loukil. The acquisition will be fully paid in Livento restricted shares. Safe Harbor Statement: This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements as predictions, projections, or references future events and expectations, possibilities or similar. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. Although the Company believes the expectations reflected in our forward-looking statements are based on reasonable assumptions, the Company is unable to give any assurance that its expectations will be attained due to several variable factors. Factors or events that could cause actual results to differ may emerge, and it is impossible for the Company to predict all of them. Some of these risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, in customer order patterns, changes in consumer trends, and various other factors beyond the Company's control. Although the Company intends to provide public updates, it undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Contact: David Stybr, CEO Livento Group, Inc. ir@liventogroup.com Livento Group LLC | LinkedIn | Twitter Boxo Productions | LinkedIn | Twitter | Instagram | Facebook Contact Details Livento Group, Inc. ir@liventogroup.com

March 06, 2023 09:20 AM Eastern Standard Time

Foresight and Global Japanese Vehicle Manufacturer Will Work Together to Resolve Camera Miscalibration Issues

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of a paid joint proof of concept (POC) project with a leading global Japanese automaker. The project consists of evaluating Foresight’s unique automatic calibration capabilities to ensure that the location and orientation of mono cameras on a vehicle is known at all times. The parties will work together to develop a breakthrough solution capable of detecting when a single camera’s position has changed as well as providing real-time correction of the camera’s position while the vehicle is in motion, through the use of Foresight's proprietary software. Mono cameras must remain stationary and calibrated to guarantee the road surface estimation of object detection as well as the accuracy of distance measurements to support safe driving. Any change in a camera’s location or orientation on a vehicle can cause issues, compromising its ability to correctly detect objects and measure distance accurately. To the best of Foresight’s knowledge, no existing solution is able to resolve the miscalibration of ground surface estimation issues. If successful, the POC project may provide a solution that eliminates the need for external calibration in a garage for all vehicles using mono cameras. 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 anticipated paid POC project with the Japanese automaker and the potential benefits of its products and technology. 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 31, 2022, 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. Foresight is not responsible for the contents of third party websites. 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/

March 06, 2023 08:25 AM Eastern Standard Time

Volatus Aerospace Secures Annual Recurring Contract to Expand Pipeline Corridor Surveillance in Eastern Canada

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce that its subsidiary, Canadian Air National Inc., has signed a 3-year master service agreement with a leading pipeline operator to provide pipeline right-of-way asset and environmental monitoring throughout Ontario. The agreement, signed on March 2nd, is estimated to generate revenues of up to $5M over the next three years with margins within historical norms for jobs of this nature. Volatus Aerospace provides data gathering and analysis services to the oil and gas sector through its subsidiaries Canadian Air National and Synergy Aviation. In total, the Company provides pipeline right-of-way surveillance services across Canada from Kitimat, British Columbia to Ottawa, Ontario. Combined with weekly patrols on an annual basis, the Volatus Group patrols over 1,600,000 kilometers of pipeline. “Light aircraft and helicopters remain the most common solution for pipeline monitoring, but drones are the future,” says Glen Lynch CEO of Volatus. “We are enhancing our competitive advantage by introducing drones and eVTOL (electric vertical take-off and landing) aircraft in the months and years ahead to supplement and replace conventional aircraft. This will save our clients money, make processes safer, and reduce green-house gas emissions.” “Our oil and gas clients need reliable data,” added Ben Ruszkowski, Vice President of Business Development at Volatus' subsidiary Synergy Aviation. “We provide them with cost effective, environmentally friendly, and high-quality data solutions to protect their right-of-way assets and the environment using our proprietary technology.” According to the Canadian Association of Petroleum Producers (CAPP), 840,000 kilometres of pipelines safely transport liquids, such as natural gas, and crude oil, across Canada. The requirements for maintaining pipelines are heavily regulated by Provincial and Federal authorities. Regular aerial surveillance is a key method of compliance and protection used to anticipate, prevent, and mitigate environmental hazards and potentially dangerous conditions such as pipeline leaks and erosion, encroachment by vegetation, or third-party activities like construction, digging, and plowing. 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 anticipated benefits of, and estimated revenue to be generated by, the master service agreement; (ii) the business plans and expectations of the Company; and (iii) 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 of management 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 anticipated benefits and revenues of the master service agreement to the Company; the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; meeting the continued listing requirements of the TSXV; and including, but not limited to, those factors set forth in the Company’s Annual Information Form under the section “Risk Factors”. 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 Rob Walker +1 204-955-2647 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

March 06, 2023 07:45 AM Eastern Standard Time

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RangeMe Expands Premium Offerings to U.K.-Focused Brands

RangeMe

RangeMe, the leading online platform for product discovery is now offering suppliers interested in doing business with U.K. retailers the opportunity to experience the benefits of its Premium service, which has been helping thousands of brands boost their buyer engagement in the U.S. since 2017. The Premium subscription will provide brands with opportunities for increased visibility and engagement among the more than 1,000 U.K. buyers on the platform from leading retailers, including Asda, Boots, Co-op, LloydsPharmacy, Pets at Home, Tesco and Well Pharmacy. “We’re thrilled to extend the benefits of RangeMe Premium to the U.K. and look forward to expanding them throughout Europe and beyond,” says John van der Valk, CEO of RangeMe Europe. “The ultimate goal is to streamline the product sourcing process for buyers and sellers around the world, and this is a big step in that direction.” RangeMe Premium is an annual subscription plan that unlocks enhanced features for suppliers, including: The opportunity to get RangeMe Verified™, which shows retailers that they are “retail ready”. The ability to submit products directly to retailers. Access to exclusive insights into buyer behavior on RangeMe to identify trends in list price, profit margins, certifications, and frequently used buyer search terms. Profile Insights on buyer activity with their brands and products. Category Review Alerts that let brands know when retailers search for products within their categories. “As a Premium Verified member, buyers immediately know that we are ready to do business, and we have greater visibility to them when they conduct product searches on the platform,” says Julianne Ponan MBE, Founder of UK based brand Creative Nature, a supplier of healthy, allergen-free foods including baking and snacking. “What’s more, we can submit products directly to retailers, and the insights we get on the platform let us know which of our products are receiving the most buyer engagement, which helps us to better prepare when we meet with retailers, particularly at ECRM sessions.” About RangeMe RangeMe is the leading online platform that streamlines new product discovery between suppliers and retailers. The platform empowers retail buyers to efficiently discover innovative and emerging products, while streamlining the inbound product submission process. For product suppliers, RangeMe enables them to grow their retail relationships via a platform that gives them the tools to manage and sell their products, market their brand, and build awareness. There are more than 200,000 brands on the platform and 15,000 buyers. Brands can find more information at www.rangeme.com Contact Details RangeMe Joe Tarnowski joe.tarnowski@rangeme.com Company Website https://www.rangeme.com/

March 06, 2023 07:00 AM Eastern Standard Time

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