News Hub | News Direct


Beverage: Coffee/Tea/Non-Alcoholic Beverage: Spirits/Beer/Wine Casino/Gaming Fashion Food/Cooking/Baking Health & Fitness Home Goods Hospitality Leisure Activities & Hobbies Parenting Pets Photography Seniors Travel & Tourism
Article thumbnail News Release

Best Jake Paul vs Nate Diaz Betting Promos and Offers

Acroud Media

YouTube star Jake Paul faces up to another top opponent this weekend as he faces UFC star and fan favorite Nate Diaz. After being outpointed by Tommy Fury back in February, Paul is looking to get his record as a professional boxer back on track, currently standing at 6-1. Diaz, who is making his debut boxing appearance, has a place in many fans hearts after he became a crossover star when he submitted Conor Mcgregor back in 2016. Paul has already secured several victories over top UFC stars. As you can imagine, a wealth of US sports betting apps and sites are offering promos ahead of the Jake Paul vs Nate Diaz fight. Our expert team has found the best of these boxing promo codes for the fight to bring to you. Best Jake Paul vs Nate Diaz Betting Promos BetMGM - Up To 1,000 Paid Back In Bonus Bets Caesars Sportsbook - Up To 1,250 On Caesars + Tier Credits + 1000 Rewards Credits DraftKings - Get Up To 1,200 In Bonuses BetRivers - 2nd Chance Bet Up To 500 BetMGM Promo Code: Up To 1,000 Paid Back In Bonus Bets The online casino BetMGM is offering a fantastic promo code ahead of the Jake Paul vs. Nate Diaz boxing match. Using Promo Code NDBONUS, players can receive up to 1,000 paid back in bonus bets. All you need to do is sign up with the sportsbook, make a deposit, and place your first wager. If your bet loses, you could regain your original stake in Bonus Bets. Sign up for a BetMGM sports account and deposit a minimum of 10 into your account. Place your first wager and receive up to 1,000 back in bonus bets if it loses. Terms and conditions apply. NV offer is 10. Bonus not applicable in DC/KS/MS/NY. Click the link for more information. Caesars Sportsbook Promo Code: Up To 1,250 On Caesars + 1000 Tier Credits + 1000 Reward Credits® Head to Caesars online sportsbook to take advantage of their promo offer of up to 1,250 on Ceasars + 1000 Tier Credits + 1000 Reward Credits. This offer is available in all legal states using the promo code NDFULL. Just place your first wager of 10 or more, and if you lose, receive 100% of your stake back as a bonus bet - up to 1,250. Win or lose; you will also get 1000 rewards and Tier credits. DraftKings Promo Code: Get Up To 1,200 In Bonuses With no promo code required, DraftKings is featuring a great promotion of receiving up to 1,200 in bonuses ahead of the Jake Paul vs Nate Diaz clash. All you have to do is create a new DraftKings Sportsbook account and make your first deposit (minimum 5) to get started and get your first 50 bonus bet. Afterwards, you will be eligible to earn up to another 1,000 in bonuses. The offer is available in all states. Terms and conditions apply and can be found by clicking the link for more information. BetRivers Promo Code: 2nd Chance Bet Up To 500 New customers signing up to BetRivers can take advantage of a great promo ahead of the boxing clash between Jake Paul and UFC fighter Nate Diaz. Using promo code CANPLAY new users can claim their 2nd chance bet up up to 500 if their first bet loses. All users need to do is create a new account with BetRivers, make their first deposit, and use the promo code above. T&Cs apply. Click the link for more information. Depending on the state you are in, the second chance bet will be awarded up to the following values: Second Chance Bet Up To 500 in IL, IN, LA, MD, MI, PA, VA Second Chance Bet Up To 250 in CO, NJ Second Chance Bet Up To 100 in AZ, IA, NY, WV, OH You may also be interested in: FAQs What are the best Jake Paul vs Nate Diaz promo codes? Our expert team believe the best Jake Paul vs Nate Diaz promo codes come from BetMGM, Caesars Sportsbook, DraftKings and BetRivers. What time is Jake Paul vs. Nate Diaz due to start? Jake Paul vs Nate Diaz is due to start at 8pm ET on Saturday night. Who is the betting favorite in Jake Paul vs Nate Diaz? Jake Paul is the betting favorite to win with the top US betting apps and sites. Contact Details Acroud Media

August 05, 2023 01:00 AM Eastern Daylight Time

Article thumbnail Digital Asset Direct

Back to School Ready!

News Media Group, Inc.

Contact Details News Media Group Jennifer Rivera +1 954-667-9647 Company Website

August 04, 2023 10:11 AM Eastern Daylight Time

Article thumbnail News Release

Philcoin Announces Groundbreaking Partnership with Boxing Legend Roy Jones Jr


Philcoin proudly reveals a groundbreaking partnership with legendary boxer Roy Jones Jr. Together, they aim to bring the sports community into the blockchain world, creating exclusive NFT collections. Furthermore, the partnership will lead to the launch of a pension fund for boxers worldwide. This new move is just the latest in Philcoin's mission to promote philanthropy worldwide. The project enables users to earn tokens and engage in charitable giving through their social-powered PHILApp. The Benefits Coming with This New Partnership The renowned boxer Roy Jones Jr has teamed up with Philcoin, driving the sports community into the blockchain space. This collaboration will create exclusive NFT collections and establish a pension fund for boxers worldwide. Roy Jones Jr., born on January 16, 1969, is a celebrated American professional boxer. His impressive career spans multiple world championships in four weight classes, including middleweight, super middleweight, light heavyweight, and heavyweight. Uniquely, Jones is the only boxer in history to start his professional career at light middleweight and progress to win a heavyweight title. He represented the United States at the 1988 Summer Olympics, where he won a silver medal. Widely considered one of the greatest boxers of all time, Jones was named Fighter of the Year in 1994 by The Ring magazine. Moreover, the World Boxing Hall of Fame named him Fighter of the Year in 2003. Philcoin's social-powered philanthropy app, PHILApp, will play a vital role in this partnership. The platform will connect sports enthusiasts globally, creating a place to showcase their talents while earning tokens and supporting charities. An essential aspect of this partnership is PHILStream. This is especially true considering Roy Jones Jr's role in advocating for transparency and better rights in the music industry. Listeners will collect rewards for their support, and PHILStream will boost promotion for musicians worldwide. A Rapidly Evolving Ecosystem with Philanthropy at Its Core Philcoin's blockchain-based ecosystem offers users access to educational resources, social networks, communication tools, and more. Quantum-proof encryption ensures data protection, enabling peer-to-peer interaction even in low-data connectivity. In the team’s PHILApp platform, there’s a wide array of features appealing to different types of users. First of all, PHILEducation enables users to develop soft skills through accredited courses, with free or paid learning options. Managers, entrepreneurs, and business owners can also earn Philcoin tokens through these courses. PHILSocial and PHILChat platforms expand social reach, allowing users to connect worldwide, post content, and create fundraising causes. PHILChat provides a feature-rich chat messenger system with audio and video calls, file downloads, and group chats. PHILGaming offers a comprehensive gaming experience where players earn tokens to enhance their PHILNation experience. PHILCast, the project's podcast platform, informs users about new blockchain developments. The philanthropic staking mechanism allows users to earn and donate a portion of their rewards, fostering a supportive community. Finally, the previously mentioned PHILStream enables users to stream podcasts and radio shows in the crypto and web3. As mentioned above, this feature extends beyond these sectors, rewarding musicians, creators, and listeners. PHL, the native cryptocurrency of Philcoin, incentivizes users to engage with the platform and its services. Users earn rewards through PHL for participating in activities, providing services, and supporting the network. The built-in give-to-earn feature of PHL encourages users to share rewards, promoting a compassionate and giving world. PHL is available on various platforms, including Pancakeswap, XT.COM, Bitforex, MEXC, and Bitmart. About Philcoin Philcoin's ecosystem offers low-bandwidth access to a wide range of services, including education, social networking, communications, e-commerce, gaming, and donations. Their proprietary mesh network technology democratizes access to Web3. This ensures user privacy through quantum-proof encryption and drives philanthropy through digital giving. Philcoin addresses the barriers of high broadband costs in developing countries, making digital services accessible to all. Their mesh network technology fosters a secure digital economy, promoting philanthropy through earning within their ecosystem. The latest partnership with Roy Jones Jr is a huge step forward for Philcoin. The team continues its mission to bring blockchain technology and philanthropy together. From NFTs to pension funds, the potential of this groundbreaking collaboration is limitless. The team looks forward to engaging with the sports community, allowing them to connect and contribute while earning rewards. It is possible to check out Philcoin's features through the project's website. Moreover, the social media pages below regularly update the public on the team's progress. Facebook | LinkedIn | YouTube | Telegram | Reddit | Twitter | Instagram Contact Details Philcoin Tatum Aoril

August 04, 2023 09:18 AM Eastern Daylight Time

Article thumbnail News Release

New Partnership In The Hospitality Sector In Gabon


LIBREVILLE, GABON - African Media Agency - 3 August 2023 - The Fonds Gabonais d'Investissements Stratégiques (FGIS), its subsidiaries Façade Maritime du Champ Triomphal (FMCT), an urban development company, Luxury Green Resorts (LGR), a Gabonese tourism operator, on one hand, and the Kasada group, on the other hand, signed a partnership agreement on August 2nd, 2023, to develop hotels in Gabon. Through this agreement, FGIS, FMCT, LGR and Kasada, the independent real estate private equity platform dedicated to hospitality in Africa, are responding to the ambition to strengthen the attractiveness of the territory and boost the Gabonese economy. With a current portfolio of eighteen (18) hotels in eight (8) African markets, Kasada will be involved in identifying, evaluating, structuring, and managing hotel projects in Gabon, from conception to completion. Among the projects to be analyzed as part of this collaboration is the upscale hotel complex in the northern zone of the Baie des Rois site. It will address the growing needs identified in terms of urban planning, business tourism and leisure, offering innovative services to users looking for unique, local experiences. Architecturally and environmentally innovative, the hotel will feature sustainable materials, water treatment and the use of green energy in line with international standards. Baie des Rois is part of the urban development program for the Baie des Rois Special Investment Zone (ZIS), led by FMCT. In line with the Plan d'Accélération de la Transformation (PAT), Baie des Rois aims to become an exceptional hub meeting the criteria of a sustainable, innovative, low-carbon city. Situated on Libreville's waterfront, it stands out for its mixed use of real estate and commercial space for local residents. Mr. Akim Mohamed DAOUDA, CEO of FGIS, declared: "This project is part of our overall strategy to develop sustainable infrastructures based on the valorization of our natural capital. The construction of an environmentally-friendly hotel complex will showcase Gabon's low-carbon solutions.” Mr. Emmanuel EDANE, CEO of FMCT, declared: "The partnership with Kasada effectively demonstrates the investment opportunities offered by the Baie des Rois. This development zone will contribute to the economic influence and tourism growth of the Gabonese capital." Mr. Olivier GRANET and Mr. David DAMIBA, Managing Partners of Kasada Capital Management, commented: "We are delighted to be partnering with FGIS and its subsidiaries. The Baie des Rois is an ambitious and exciting project. It demonstrates once again our expertise and our role as preferred partner for sovereign entities to carry out complex projects. Our ability to analyze projects of this scale and our agility in terms of financial structuring, enable us to find the right solution for this flagship project in Gabon. Furthermore, through this project, we aim to set a new standard for sustainable development in Gabon, in line with the country's initiatives to address climate change.” About FGIS The Fonds Gabonais d'Investissements Stratégiques (FGIS) is the exclusive trustee of the Fonds Souverain de la République Gabonaise (FSRG) and of the unallocated holdings in the portfolio of the Gabonese State. The Fund invests in the strategic sectors of the national economy, with the aim of creating shared prosperity for the people of Gabon and future generations. As the financial investment instrument of the Republic of Gabon, the Fund supports government action by investing in four strategic sectors: infrastructure financing, support for SMEs, regional development and support for social sectors. FGIS also acts as the exclusive agent responsible for marketing carbon credits belonging to the Gabonese Republic as part of the fight against climate change. About FMCT Created in 2015, the Façade Maritime Champ Triomphal (FMCT) is the subsidiary of the Fonds Gabonais d'Investissements Stratégiques (FGIS) dedicated to the sustainable development of the Gabonese territory for the population and future generations. Aligned with the Sustainable Development Goals (SDGs), the company is responsible for the design and development of city infrastructure projects, facilities and real estate, notably on the Baie des Rois site. In 2023, Baie des Rois won two major awards, including Best Sustainable Infrastructure Project for its eco-responsible approach at the Africa Investments Forum & Awards (AIFA) and Best New Mega Development at the Marché International des Professionnels de l'Immobilier (MIPIM Awards). About LGR Luxury Green Resorts (LGR) is a tourism operator whose mission is to revitalize the tourism industry in Gabon while promoting the country's natural heritage. LGR is committed to preserving this heritage through projects carried out in close collaboration with local authorities, technical operators, civil society and communities. About KASADA Kasada is an independent real estate private equity platform dedicated to hospitality in Africa, advised by Kasada Capital Management, part of the Kasada group. The firm was launched with the backing of Qatar Investment Authority, the sovereign wealth fund of State of Qatar, and Accor, a world leading hospitality group. Kasada's strategy spans all segments, from economy to luxury, and targets both greenfield and brownfield projects. Kasada's hotels are operated under the banner of Accor's wide range of internationally renowned brands. By investing in a region that offers robust growth opportunities, Kasada aims to deliver both attractive risk-adjusted returns to investors and a long positive impact on local economies. In April 2019, Kasada held a close of its maiden fund, Kasada Hospitality Fund L.P., with equity commitments of over US$ 500 million. For more information: visit and follow us on LinkedIn. Contact Details Aunel LOUMBA Uveka HARICHARUN

August 03, 2023 12:52 PM Eastern Daylight Time

Article thumbnail News Release

Kush Kriminals, High Off Life, and 16 OS Ignite the Music Scene with the Open Verse Challenge

Kush Kriminals

In an electrifying fusion of music and the NFT universe, Kush Kriminals, High Off Life, and 16 OS are thrilled to announce the Kush Kriminals Open Verse Challenge. This once-in-a-lifetime competition invites artists from every corner to showcase their lyrical prowess and creativity by remixing the Kush Kriminals theme song with their own verse inspired by the Kush Kriminals universe. The theme song, a sonic masterpiece, is the brainchild of Atlanta-based rapper 16 OS. His biting cadence and visceral lyrics are accompanied by flawless production courtesy of Grammy-nominated producer Bobby Keyzz, a key player from the multi-platinum selling production team The Loopholes. With a track record of producing hits for artists like Lil Wayne, Moneybagg Yo, Rick Ross, Wiz Khalifa, and more, Bobby Keyzz graciously brings his magic touch to the Kush Kriminals universe. Complementing his production expertise is Jirou Street, known for his work with Chris Brown and Coi Leray. His contributions include co-writing and vocal production, adding another layer of depth to the track. From August 3rd to August 10th, 2023, artists can submit their remix by heading over to the High Off Life Instagram page and remixing the pinned reel with their verse. The challenge? It has to be about the Kush Kriminals universe - a vibrant world where cannabis culture meets digital art and cryptocurrency. On August 13th at 7pm EST, the competition will reach its climax as celebrity judge Steve Lobel, a legendary music industry executive, reacts to the top 5 finalists. The stakes are high - the winner will not only receive a $1000 cash prize but also the chance to appear on the official release of the song through Lobel Music Group. The 1st and 2nd runners-up will also be awarded prizes, ensuring that top talent doesn't go unnoticed. This challenge is not just about creating music; it's about immersing oneself in the expansive Kush Kriminals universe and bringing its narrative to life through the power of verse. It's a chance to be part of a groundbreaking project that's redefining the digital collectibles space. Ready to lay down your best verse and make your mark in the Kush Kriminals universe? Head over to to dive into the world of Kush Kriminals and gather inspiration for your verse. Follow @highofflife, @kriminals.nft, and @iam16os on Instagram for all eligibility and details. The mic is waiting, and the stage is set. It's time to unleash your creativity and rise to the challenge. *MUST BE 18 AND UP to enter. About Kush Kriminals Kush Kriminals is a pioneering entertainment franchise dedicated to providing top-tier digital art experiences that cater to the evolving needs of the digital art and cryptocurrency communities. With a team of industry experts, Kush Kriminals is committed to innovation and transparency. Contact Details For press inquiries, please contact: Celeste Morrison, Public Relations Director, Groundswole LLC +1 678-756-8282 Company Website

August 03, 2023 10:02 AM Eastern Daylight Time

Video Image
Article thumbnail News Release

Stupid Cancer to host CancerCon™ Live in Atlanta, Georgia in August 2023

Stupid Cancer, Inc.

New York, NY - Stupid Cancer, a 501(c)3 nonprofit leader in the adolescent and young adult (AYA) cancer community, announces it will be hosting their annual CancerCon Live at the Omni Hotel at the CNN Center in Atlanta, GA, this summer on August 17–20. CancerCon Live aims to connect AYA cancer patients, survivors, advocates, and health professionals for a weekend filled with inspiring discussions and networking opportunities. “We are excited to bring this event to the southeast to such a young and vibrant city!” says Alison Silberman, CEO of Stupid Cancer. The 2023 agenda is carefully curated to provide the AYA community with valuable resources and many opportunities to connect with your AYA community. Some of this year’s sessions and presenters include… A Community for Caregivers Speaker: Leeann Terwilliger, LCSW, Stupid Cancer I’m Fine: Men, Cancer, and "Cowboy Culture” Speaker: Trevor Maxwell, Man Up to Cancer LOLing through Cancer: Turning your Story into Comedy Speaker: Julia Johns, Comedian Do I Need a Lawyer? Legal Implications of AYA Cancer Speaker: Nicole Jolicoeur, Esq, Triage Cancer Peds to AYA & Long-Term Survivorship Speakers: Sanyukta Janardan, MD, Children's Healthcare of Atlanta/Emory University; Montana Harstad, RN, Emory Healthcare; & James Ludemann, MSN, RN, Children's Healthcare of Atlanta “We're thrilled to have several amazing local experts from Atlanta's renowned medical institutions as session presenters, as well as other survivors and professionals from across the country." says Chelsea Donahue, Director of Programs. For over a decade, Stupid Cancer has brought together hundreds of patients, survivors, caregivers, advocates, and health professionals at the largest gathering of the AYA community - CancerCon. Now gathering both online and off, every CancerCon event is an immersive experience, led by transformative connection and education.The majority of conference attendees are AYA (age 15-39) cancer patients and survivors, but caregivers and health professionals of all ages are also welcome. Beginning in 2022 CancerCon is hosted in a different US city as we seek to make the event always be within reach of our community at all times. About Stupid Cancer: Stupid Cancer's mission is to help empower everyone in the adolescent and young adult (AYA) community by ending isolation and building community. Through innovative programming and strategic communications, the organization aims to provide support, resources, education, and a sense of community both online and in-person. For more information, please visit Contact Details Alison Silberman +1 212-619-1040 Company Website

August 03, 2023 09:51 AM Eastern Daylight Time

Article thumbnail News Release

Shanghai, Homeland Once Upon a Time – Exhibition on Jewish Refugees in SH during WWII Launched in NYC

SMG ShanghaiEye

NEW YORK, USA – Media OutReach – 2 August 2023 - On August 1 local time, the exhibition titled "Shanghai, Homeland Once Upon a Time - Jewish Refugees and Shanghai" opened in New York City, US. The exhibition selects more than 30 oral stories of former Jewish refugees in Shanghai during WWII and their descendants, allowing the audience to feel the profound friendship between the Chinese and the Jewish peoples. The exhibition also displays nearly 30 reproductions of precious cultural relics and historical records and more than 200 photos and documentary videos. The exhibits include boat tickets to escape from Europe, the marriage certificate with Chinese characteristics, the student report card of Shanghai Kadoorie School, the portrait of a Shanghai grandmother in the memory of Jewish refugees, as well as the documentary footage ‘White Green Black’ by the Jewish artist. These items and oral stories complement each other, vividly presenting the tough life of Jewish refugees in Shanghai in the 1930s and 1940s from multiple perspectives. The exhibition was organized by Shanghai People's Association for Friendship with Foreign Countries and Shanghai Fosun Public Welfare Foundation, and co-organized by Shanghai Jewish Refugees Museum. At the opening ceremony, Shanghai Jewish Refugees Museum received a special certificate of honor from New York City Mayor Eric Adams. Huang Ping, Chinese Consul General in New York, and Jing Ying, Vice President of Shanghai People's Association for Friendship with Foreign Countries, delivered speeches at the exhibition. A brand-new English version of the Shanghai city image film "Shanghai Let's Meet" was also played. At the same time, the first documentary focusing on a group of Jewish musicians who were active in Shanghai in the first half of the last century - ‘Tracing the Jewish Legacy in Shanghai’ - premiered on Saturday night at the Harmony Gold Cinema on Sunset Boulevard in Los Angeles. Contact Details Crystal Cai

August 02, 2023 10:46 AM Eastern Daylight Time

Video Image
Article thumbnail News Release



Midsummer signals the start of back-to-school season. Registered Dietitian Nutritionist, Mia Syn did a satellite media tour to share a few tips and help you prioritize health and wellness for the whole family as we head into the excitement of back-to-school. A video accompanying this announcement is available at: Experts agree that eating well throughout childhood and adolescence supports proper growth and development. Syn recommends starting the day off with a healthy breakfast, which studies also suggest helps a child's attention span and memory—essential for learning in school. A perfect way to kick off the day is with something fun and tasty like banana pancakes or mini-fruit kebobs. The kebobs are easy to make with pineapple, strawberries, grapes, and blueberries—just pair it with a flavored yogurt as dip. You can also try apple cinnamon oatmeal. Grab a store-bought oatmeal and top it with apples, cinnamon, raisins and pecans. The goal is to make sure kids have the energy they need to make it to lunchtime. Snacking can get a bad wrap with kids reaching for empty calorie options like chips, pizza or soda. For a better-for-you protein-packed snack anytime and anywhere, Justin’s® Honey Almond Butter Squeeze Packs check all the boxes. One, they’re convenient - no refrigeration or utensils are needed. The Squeeze Packs are a super “easy squeezy” option for breakfast crunch time, lunchtime and after-school snacking. Two, they have 6 grams of plant-based protein and 3 grams of fiber, all while being made with mindfully sourced, simple and clean ingredients. Three, they’re delicious with a slight sweetness of organic honey and a one-of-a kind grind giving them a naturally delicious taste. The Squeeze Packs are perfect for pairing with oatmeal and toast in the morning, with crackers and carrots for, or with fruit for snack. Or, they can be enjoyed simply straight out of the pack, perfect for on-the-go families this back-to-school season. Justin’s products are available at most major retailers nationwide; find a store near you at Creating balanced meals is key to ensuring that you and your family are getting the nutrients you need to stay healthy. That’s why meals should contain fruits and vegetables, whole grains, and a variety of proteins. However, we also want to think about ways to jumpstart our metabolism. Metavo is the world's first plant-based metabolism management supplement brand and contains the proprietary avocado compound AvoB. Metavo helps parents feel their best while taking care of their kids during the busy back to school season. It activates metabolism at the cellular level, enabling our bodies to properly metabolize fats, proteins and carbs to help improve insulin sensitivity, glucose tolerance, and energy slumps. Metavo also helps with food cravings while enabling proactive health management, allowing families to activate their metabolism naturally. You can find out more at As kids and teachers head back to school, parents can protect their kids and themselves from indoor air pollutants in classrooms and gymnasiums, offices and airplanes, as well as pet dander at home and those airborne pollutants outside on the field. NasalGuard® Airborne Particle Blocker® is the first and only topical gel that prevents airborne particles from entering the nose. It’s really easy to use, just apply a small amount of gel around your nasal passages, and it acts as a barrier. It blocks virus-sized particles such as pollen, pollution, pet dander and dust. It's available in convenient and portable tubes in unscented and cool menthol. There are also NasalGuard products for Air Travelers and for Pet Lovers. It's also available as a mask spray, nasal spray, and an antiseptic topical gel. These products are safe, drug-free, and non-irritating for the whole family, including pregnant or nursing women. You can find out more at For more information, visit About Mia Syn Mia Syn, MS, RDN is a nationally recognized nutrition expert and founder of Nutrition By Mia, a popular online wellness destination frequented by millions of readers around the globe. She holds a Master of Science in human nutrition from Columbia University and has been featured by dozens of major media outlets including Women's Health Magazine, Cosmopolitan and SHAPE. As one of the most recognized and trusted young nutritionists in the country, she has helped hundreds of her clients and millions of her readers lose weight, improve their health and develop better sustainable eating habits for life. Contact Details YourUpdateTV +1 212-736-2727

August 02, 2023 09:37 AM Eastern Daylight Time

Article thumbnail News Release

Study Confirms FORME’s Approach To Fitness: A Deeper Look Into A Digital Fitness Company That Recently Reported Tripling Its Average Annualized Recurring Revenue Per Household


By David Willey, Benzinga The Washington Post has highlighted a recent Japanese study on the importance of a buddy for improving fitness results. This study seems to confirm the approach taken by digital fitness company Interactive Strength Inc. (NASDAQ: TRNR), doing business as FORME, which offers a roster of accessible and highly qualified personal trainers as a key component of its fitness solutions. The study found that those who exercised in groups at least twice a week were less at risk of cognitive impairment compared to those who exercised alone. Social exercisers reduced their risk of cognitive impairment by 34% when compared with those who didn’t exercise at all, while those who exercised alone only reduced their risk by 22%. The findings highlight the particular benefits that social exercise has for older adults, suggesting that regular social exercise can act as a preventive measure against cognitive decline. Inactivity is a risk factor for dementia, while regular exercise with socialization has demonstrated positive effects on cognitive function and in some cases can modify the structure of the brain. FORME’s 1:1 Virtual Fitness Training Service FORME built its fitness business model on the belief that 1:1 relationships are essential components of well-being and fitness. That is why it offers a premium digital fitness service that gives each of its members sessions with the best workout buddy of all – a certified personal trainer. FORME’s virtual fitness service is accessible through iOS and Android apps, as well as its smart gym mirrors. The service provides users with personalized fitness plans, progress tracking, and importantly, accountability through the provided training sessions with personal trainers. FORME’s platform connects users with highly qualified and certified trainers who specialize in various areas such as cardiovascular training, stress management, pre/postnatal training, nutrition coaching and injury prevention. Members get live 1:1 sessions with their trainers and get to build real relationships that provide them with the guidance and accountability necessary to see results. Additionally, FORME allows users to choose their trainer based on his or her coaching style. This guarantees a tailored experience that aligns with the member’s individual preferences. So whether a user prefers a technical and analytical approach, a laid-back style, or a fun atmosphere, FORME has a trainer to support them and help them meet their fitness goals. Following IPO, FORME’s Recurring Revenue Increases The company has recently released its financial report for Quarter 1, 2023. It had one-off expenses related to its initial public offering (IPO), resulting in a net loss of $16 million, or $2.09 per diluted share, for Q1, compared to a loss of $12.7 million, or $43.81 per diluted share, year-over-year (YoY). The company seems to have demonstrated control over its expenses by reducing non-Generally Accepted Accounting Principles (GAAP) expenses by 62% YOY to $3.6 million, down from $9.4 million in Q1 2022. Its Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), also a non-GAAP measurement, was a loss of $4.4 million, a YoY improvement of $6.3 million. FORME reported more than tripling its average annualized recurring revenue per household, and it now generates an annual average of $1,650 per household. It is establishing itself in the luxury fitness market segment, which accounts for only 32% of the total memberships but for more than 70% of the revenue. According to Trent Ward, co-founder and CEO of FORME, the increase in recurring revenue reflects “the impact of our strategy to introduce higher revenue training services to our premium smart home gyms. We believe this focus on generating significantly higher recurring revenue per customer than our peers will be the biggest driver toward our future profitability.” The company also secured a senior loan in June for up to $15 million. “When combined with the proceeds from the IPO, we believe the proceeds from the senior loan we signed this week should fund the Company well into 2024 and are a testament to the exciting business we are building,” said Ward. Other companies involved in the digital health space include Lululemon Athletica Inc. (NASDAQ: LULU), Peloton Interactive Inc. (NASDAQ: PTON) and Xponential Fitness, Inc. (NASDAQ: XPOF). To watch a video of FORME’s products in use, CLICK HERE! Learn more about Interactive Strength Inc. by visiting its website. FORME is a digital fitness platform that combines premium connected fitness hardware products with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic at-home fitness experience through two connective hardware products: 1. The FORME Studio (fitness mirror) and 2. The FORME Studio Lift (fitness mirror and cable-based digital resistance). The Studios uniquely transform to host a variety of workouts and activities, returning to an elegant, full-length mirror when not in use. In addition to the Company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details TraDigital IR - Adam Holdsworth Company Website

August 02, 2023 09:00 AM Eastern Daylight Time

1 ... 124125126127128 ... 395