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Belvoir Group swoops for two "rock solid businesses"

Belvoir Group PLC

Belvoir Group PLC (AIM:BLV) chief executive Dorian Gonsalves speaks to Thomas Warner from Proactive after announcing that the nationwide property franchise group has acquired two financial services business in the southwest of the UK for a combined sum of around £2.1mln. Belvoir recently wrapped up the acquisition of MAB (South West) Ltd following the conclusion of a deal for BMA Bristol Limited earlier in the summer. The acquisitions, with over £3 million in combined turnover, are projected to contribute around £0.6 million in profits. While acknowledging sector challenges, he attributes their success to franchisees and self-employed advisors' strong performance, highlighting their resilience during tough times. He describes the businesses acquired as "rock solid... that exactly fit our model." Gonsalves suggests that while it is in the nature of the group to continue making acquisitions, the two acquisitions made this summer already equal the total for a typical year. He also highlights that he expects a high level of investor interest in Belvoir's forthcoming results, set for release on 4 September. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 31, 2023 06:01 AM Eastern Daylight Time

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News Release

Keller Williams Realty, Keller Williams Leaders Sued for Racketeering

Omodt & Associates

(Austin, TX – August 29, 2023) In a far-reaching civil complaint filed today, former Keller Williams President and CEO John Davis alleges Keller Williams Realty, Chairman Gary Keller, former executive Josh Team and Keller Williams-affiliated MAPS Coaching of racketeering and conspiracy to defraud Davis and others through orchestrated schemes to induce, diminish, devalue and cheat Davis and other parties. The suit seeks a jury trial and financial damages in the millions of dollars. The suit pulls back the curtain on Keller Williams’ inner workings to reveal a brazen “why buy what you can steal” culture that Gary Keller and his associates promoted. According to the complaint, Keller is quoted in one email exchange as saying: “Because we’re private, we’re not under a microscope. We can do what we want, any way we want with no penalty.” Under one of the schemes in Keller’s playbook, Davis and other local market center and region owners were defrauded out of millions of dollars by forcing sales of their holdings at deflated values to Keller and his hand-picked buyers. The suit outlines how “KWRI undermines independently owned and operated Market Centers by tortiously interfering with independently owned and operated investment groups, intentionally creating chaos to pit the independently owned and operated Market Centers each other and forcing out Market Center leadership in bad faith for improper purposes, so that in their weakened state, Keller and his associates can demand that a sale be made to them at a price that is criminally low.” “Through this scheme, KWRI itself and the other Defendants suffer no loss, and only gains, from the harm caused to the individual owners. Unless stopped, Defendants will continue to subject franchisees to the same scheme for the purposes of substantial interest and profit,” the complaint alleges. The suit also lays out Keller’s ruthless pursuit of unilaterally altering franchise agreements, including agent commission caps, to enrich himself and his cohorts. Keller’s insistence in lowering caps eventually led to Davis’ voluntary resignation in early January 2019 Indeed, following Davis’ departure, Keller and his cohorts did order the lowering of caps which had the negative impacts Davis warned of, namely a loss for the local market center, a loss for the region, yet a win of KWRI’s royalty fee, which did not change. “Nothing in the individual franchise agreements gave Keller or KWRI the power to set market caps themselves for independently owned and operated Market Centers,” the complaint states. “Indeed, in recommending specific and universal Market Center cap amounts, Keller was overstepping the franchisee’s role in leading an independently owned and operated Market Center.” The filing in The United States District Court, Western District of Texas, Austin Division, outlines five causes of action, including two civil RICO causes, one Sherman Act restraint upon commerce cause, one intentional fraud in the inducement, and one breach of contract cause. ### Media contact: Paul Omodt, Omodt & Associates Critical Communications (for Nesenoff and Miltenberg, LLP) 952-607-9434 paul@omodtandassociates.com Contact Details Omodt & Associates Critical Communications (for Nesenoff & Miltenberg, LLP) Paul G. Omodt +1 952-607-9434 paul@omodtandassociates.com

August 29, 2023 01:30 PM Central Daylight Time

New Survey Reveals Rise of Tethered Nomading: Digital Nomads Answer the Office's Beckoning

MBO Partners

The latest research conducted by MBO Partners® has uncovered a new workforce phenomenon - "Tethered Nomading" - redefining the world of digital nomadism. Contrary to traditional globetrotting norms, more than half (53%) of American digital nomads now plan to embrace their work-travel lifestyle exclusively within the United States; 47% plan on spending at least some time in another country. Only 10% of all digital nomads intend to spend the entire year abroad. As employers call employees back to the office, digital nomads still plan to continue their nomadic lifestyle. However, the data underscores an uptick in "slomading"- visiting fewer locations but spending more time at each stop. The MBO Partners 2023 State of Independence study found that 17.3 million American workers currently describe themselves as digital nomads, increasing 2% from 2022 after increasing a staggering 131% from the pre-pandemic year 2019 to 2022. "As employers enforce back-to-office mandates, a paradigm shift is unfolding, revealing the dynamic evolution of the modern-day nomad," said Miles Everson, CEO of MBO Partners. "While a considerable number of digital nomads are gravitating towards domestic pursuits, this presents an opportune moment for employers to embrace that spirit of exploration while fostering seamless connections to local communities. It calls for innovative policies and practices as employers navigate a world that includes adventure and productivity." This year's study showed five additional key insights about digital nomads, including: The Silver Nomads Are Rising… and Fast. While digital nomads have traditionally skewed young, older cohorts -- Gen Xers (born 1965-1980) and Baby Boomers (born 1946-1964) -- increased their share of digital nomads from 36% in 2022 to 42% in 2023. With the decline of the pandemic, older workers are more willing to travel and more interested in becoming digital nomads. Digital Nomads Hit the Road with Their Kids (and Pets). The survey showed that nearly a quarter (24%) of digital nomads travel with their children, and 14% even bring their pets. But traveling with kids is more challenging and complex than traveling alone or even as a couple. The top challenges digital nomads with kids cited are the expenses associated with traveling as a family, safety, and health concerns, the lack of stability and routines, educational challenges, and socialization issues for their children. Geoarbitrage Becomes Hack for Financial Freedom. To help stretch their income, many digital nomads work from places with relatively low living costs, including destinations like Southeast Asia or Portugal, which has established itself as a European hotspot popular with nomads. At the same time, they often serve customers virtually in higher-wage labor markets, or their employers are in higher-wage countries. Combining low-cost living with higher expat income, they can take advantage of income/living cost "geo-arbitrage." This enables lower-income digital nomads to fund their travels and spend less time working to support themselves and more time enjoying their adventures. Nomadic Camouflage Becomes the New Workforce Hue. In this year's survey, 14% of digital nomads with traditional jobs reported that their employer does not know they are nomadic. An additional 18% say their company has no digital nomad policy, but their boss has permitted them to work nomadically. In other words, about one-third of digital nomads with traditional jobs are "hidden nomads," meaning the company does not know where they are working. This means they could break local employment laws and regulations without their employer knowing they are doing so. The Nomad Rush: Countries and Cities Vying Hard for Digital Wanderers. Five years ago, digital nomads were considered an eccentric and fringe group of nomadic workers. But digital nomadism is now mainstream, and this year 17.3 million Americans – a stunning 11% of American workers – are digital nomads. Governments at all levels, both in the U.S. and abroad, realize that digital nomads spend more money than tourists, create jobs for locals - and even start local businesses. Because of this, 58 countries have created special digital nomad visas and other programs, smoothing out red tape and making it easier for digital nomads to locate in their countries. To obtain a copy of the 2023 MBO Partners Digital Nomad research brief, please visit www.mbopartners.com/state-of-independence/digital-nomads. About MBO Partners® MBO Partners is a direct sourcing platform that enables enterprises and independents to work efficiently together. Its unmatched experience and industry leadership enable it to operate on the forefront of the independent economy and consistently advance the next way of working. For more information, visit mbopartners.com. Contact Details Karen Swim +1 586-461-2103 karen@wordsforhirellc.com Company Website https://mbopartners.com

August 29, 2023 09:00 AM Eastern Daylight Time

REALTORS® share updated home price data, homeowners’ wealth gain trends over the last decade, and a real estate forecast for the rest of 2023

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/iLFi4scvBfQ Given the ever-changing housing market, many Americans are questioning whether it’s a good time to buy or sell a home. Despite fluctuating mortgage rates and limited housing inventory, there are many reasons to consider making a move in the current market. In fact, according to the National Association of REALTORS®: • The national median home price in June was slightly less than the record high of nearly $414,000 in June of last year. Although existing-home sales saw a 3.3% decrease, home prices have held firm in most parts of the country. • While mortgage rates are significantly higher than last year, they are still considered historically low and have remained relatively steady. • Sales in the second half of the year should be notably better than the first half as job gains continue and more favorable mortgage rates are expected. • Existing-home sales are expected to increase by 15.4% in 2024. Moreover, homeownership continues to be a catalyst for Americans to build generational wealth. Over the past decade, the median-priced home in the U.S. gained nearly $200,000 in value, making the typical homeowner 40 times wealthier than if they had not purchased a home or remained a renter. An agent who is a REALTOR® can help you achieve the dream of homeownership and create long-term wealth and financial stability for your family. A nationwide media tour was conducted on August 15th, live from the 2023 REALTORS® Leadership Summit, featuring senior leaders from the National Association of REALTORS®. Topics that were discussed during live TV and Radio interviews included: · Highlights from the National Association of REALTORS® 2023 Second Quarter Metro Home Prices Report. · Trends REALTORS® are seeing in national and regional markets this summer and expectations for the remainder of 2023. · How REALTORS® are helping their clients navigate today’s housing market and build generational wealth through homeownership. · Resources any homeowner or potential buyer can use to make more informed, efficient decisions. To learn more about REALTORS® and to find a real estate agent visit realtor.com Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

August 24, 2023 12:22 PM Eastern Daylight Time

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NAVEX Enhances Communication with AI-Driven Translations

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, announces the launch of a new NAVEX One platform shared service: dynamic machine translations. This first-to-market addition in the governance, risk and compliance (GRC) space will empower organizations operating across different countries to overcome language barriers, enabling accurate risk and compliance-related communication between employees, third parties and program administrators. NAVEX understands the challenges organizations face in maintaining accurate communication when dealing with sensitive data arising from risk and compliance tasks. Many organizations struggle with language barriers, hindering effective collaboration. With varying language skills among responders, the potential for misunderstandings and misinterpretations can be detrimental to decision-making and compliance efforts – especially in time-sensitive cases. "NAVEX is pioneering the future of machine translations within the GRC space, directly tackling the complexities of multilingual communication," stated A.G. Lambert, chief product officer at NAVEX. "The integration of secure machine translation into NAVEX One makes it simple for GRC professionals to translate disclosures, assessments, and responses, leading to better communication and faster resolution." The introduction of dynamic machine translations addresses these issues and improves communication efficiency. With advanced artificial intelligence technology, this shared service allows end users to translate directly from the NAVEX One user interface. How machine translations work In the past, administrators encountered the repetitive task of manually copying text, relying on external translation tools, and then painstakingly inputting the translations to proceed with their workflow. However, with the introduction of the machine translations shared service built on Amazon Web Services (AWS), administrators are now equipped to address important matters promptly and efficiently, leading to quicker resolution rates. Moreover, administrators can assess third-party entities proficiently, regardless of the languages they speak or the answers they provide. The user-friendly NAVEX One interface makes translating disclosures, evaluations, and responses easy, promoting smooth communication and understanding. "By relying on the broadest and deepest set of cloud services on AWS, including Amazon Translate, NAVEX is able to use machine translations within the governance, risk and compliance space, directly tackling the complexities of multilingual communication,” stated Venky Nagapudi, Senior Product Management Leader, Amazon Translate, AWS. “The work between NAVEX and AWS makes it easy to translate disclosures, assessments, and responses, leading to better communication and faster resolution." Key benefits of NAVEX One machine translations include: Multilingual support: The system supports 75 languages, facilitating seamless communication with stakeholders worldwide. Accurate and reliable: Powered by advanced neural network technology, the feature ensures precise translation of critical information. Streamlined workflow: The translation functionality integrates seamlessly into existing GRC workflows, saving time and effort for administrators and responders. Cost-effective translations: Organizations can deliver faster results and decrease operational costs by reducing the need for external translation services. Data privacy: Advanced technical and physical measures, including encryption at rest and in transit, are used to prevent unauthorized access or sharing of content. Incorporating a dynamic machine translation service highlights NAVEX's continued commitment to fostering innovative solutions throughout the NAVEX One platform. By seamlessly integrating artificial intelligence and machine learning capabilities, NAVEX continues to empower companies to overcome language obstacles, promoting cross-cultural teamwork and elevating the effectiveness of GRC processes. As NAVEX continues to leverage AI and ML, it cements its position as a leader in cutting-edge technology within the GRC space. The NAVEX One GRC – Information System Multilingual Machine Translation marks a bold stride in NAVEX’s innovative journey following the recent launch of the NAVEX Compliance Assistant. NAVEX's unwavering commitment to AI/ML innovation propels the governance, risk, and compliance landscape into a new era. By harnessing the power of AI, NAVEX is reshaping the compliance landscape, streamlining intricate processes, and automating tasks. This first-to-market shared service accelerates and enhances compliance initiatives while fostering clarity across your organization. Navigate the future of compliance with your AI-powered ally, simplifying employee compliance in ways that redefine ease and efficiency. For more information, visit the NAVEX One Platform. And read our blog. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Scott Levesque +1 617-388-5773 scott.levesque@navex.com Company Website https://www.navex.com

August 22, 2023 08:00 AM Eastern Daylight Time

News Release

Safe & Green Holdings sees strong growth in financial numbers as company planned spinout moves forward

Safe & Green Holdings Corp.

Safe & Green Holdings Corp CEO Paul Galvin joined Steve Darling from Proactive to discuss the company's strong financial performance. Galvin shared that the company achieved a notable 21% year-over-year increase in manufacturing revenue during the second quarter. This growth builds on the positive momentum the company has experienced over the past several quarters. In terms of revenue, Safe & Green Holding Corp generated $5.1 million during the second quarter of 2023, compared to $7.6 million for the same period in 2022. The decrease in revenue was primarily due to the discontinuation of COVID-19 testing facilities. However, this decline was partially offset by increased core manufacturing revenue. The manufacturing services segment played a significant role in this growth, with a 21% increase in revenue compared to the previous year. Galvin emphasized that the second quarter of 2023 saw considerable expenses related to the expansion of SG DevCo and Safe and Green Medical Corp. Notably, SG DevCo is set to be spun off into an independently listed Nasdaq company, with a projected record date of August 21. Galvin highlighted SG DevCo's robust project pipeline, exceeding $800 million in value and encompassing more than 4,200 units to be developed. The company's ambitious goal of developing 10,000 units over the next seven years is expected to fully utilize the in-house manufacturing capacity, promising significant value creation for shareholders. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 21, 2023 01:03 PM Eastern Daylight Time

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Vinhomes Named Among Top 20 Most Valuable Real Estate Brands in the World

Vingroup

HANOI, VIETNAM - Media OutReach - 21 August 2023 - For the first time, a Vietnamese real estate development brand, Vinhomes, has been named among the Top 20 most valuable real estate brands globally at The Brand Finance-Mibrand Vietnam Forum 2023. This recognition solidifies Vinhomes' reputation and position in the international real estate market, concurrently providing evidence of the company's outstanding and sustainable operational efficiency. The real estate development brand Vinhomes has been appraised by Brand Finance at USD1.74 billion, which was enough to make its debut in the rankings of the world's 20 most valuable real estate brands and secure its position as the sole real estate brand among the Top 5 most valuable brands in Vietnam. Significantly, this is also the first time a Vietnamese real estate enterprise has entered the Top 20 globally, showcasing Vinhomes' remarkable growth in both scale and reputation. According to Brand Finance, the criteria for evaluating a brand encompass its ability to enhance product value; its influence on customers' purchasing decisions; the cost of building a successful brand; its market value on the stock exchange; and its profitability. Mrs. Nguyen Thu Hang, CEO of Vinhomes, shared, "Throughout 15 years in the market, Vinhomes has consistently endeavored to transcend beyond being a reputable real estate developer. We are also a pioneer leading and shaping a high-quality lifestyle for our residents, and fostering modern communities within our projects. Our aim has always been constructing urban projects with amenities and structures of regional and international standard, delivering enhanced value to residents and clients." As the leading real estate brand in Vietnam, Vinhomes has now delivered and is managing over 128,000 apartments and villas within 29 urban areas across the nation, servicing more than 440,000 residents. Notable examples include large-scale urban areas spanning hundreds of hectares such as Vinhomes Riverside, Vinhomes Ocean Park 1 and 2, Vinhomes Smart City, and Vinhomes Grand Park. These Vinhomes urban areas have attracted thousands of residents, contributing to the development of bustling new central districts in Hanoi, Ho Chi Minh City and other major provinces. As Vietnam's premier real estate brand, Vinhomes consistently creates unique living spaces that offer exceptional and distinct experiences for residents. Ocean City, the so-called "miracle city", is located in the eastern part of Hanoi, covering a total area of 1,200 hectares (an integration of three urban areas - Vinhomes Ocean Park 1, 2, and 3). It features record-setting structures such as the "Urban area with the world's largest artificial saltwater lagoon and freshwater lake with white sand beaches" (Vinhomes Ocean Park 1), the "World's largest artificial wave-making saltwater lagoon complex in an urban area" (Royal Wave Park in Vinhomes Ocean Park 2), and various highlights including the VinWonders Hanoi Wave Park and VinWonders Hanoi Water Park. Characterized by comprehensive verdant landscapes, life-enhancing amenities, and a social infrastructure comprising hospitals, schools, parks, playgrounds, swimming pools, and numerous architecturally iconic structures, Vinhomes urban areas have progressively elevated the quality of life for modern Vietnamese citizens. This has, in turn, played a pivotal role in the sustainable and healthy development of the real estate market. Vinhomes had total consolidated assets and owners' equity of VND396 trillion (approximately USD16.69 billion) and VND170 trillion (approximately USD7.16 billion) respectively, as of June 30, 2023, representing an increase of 10% and 15% over the figures of December 31, 2022. Vinhomes consistently maintains its position at the top of the ranking for real estate developers with "healthy" and sustainable profitability on the stock exchange. With its placement among the Top 20 most valuable real estate brands in the world, Vinhomes reaffirms its credibility and stature as a Vietnamese brand capable of transcending national boundaries, etching its presence on the path to global conquest. About Vinhomes Vinhomes is the No.1 real estate development and management company in Vietnam, recognized for its superior scale, execution speed and service quality, leading the market to sustainable growth, with the vision of becoming a world-class enterprise. The brand's mission is to pioneer an ideal living experience in Vietnam's urban locations, featuring professionally planned residential complexes in harmony with nature, integrated facilities and a green environment, together forming a new lifestyle for the Vietnamese people. Vinhomes is committed to fostering vibrant and caring communities, creating a modern, lively, and welcoming environment for its residents to enjoy a liveable lifestyle. About Brand Finance Brand Finance is a brand valuation consultancy headquartered in the United Kingdom. Annually, Brand Finance independently assesses around 57,000 different brands worldwide. The significant reports from Brand Finance, including the Top 500 Global Brands, Top 500 Global Banks, and Global Nation Brand Rankings, are highly regarded by industry experts. Brand Finance's brand valuation results are officially published and utilized on major global media channels such as BBC, CNN, CNBC, Bloomberg, The Economist, and The Wall Street Journal. Contact Details Media Contact v.chidqd1@vingroup.net Company Website https://vinhomes.vn/en

August 21, 2023 12:13 PM Eastern Daylight Time

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VTS Debuts on the 2023 Inc. 5000 Annual List

VTS

Inc. revealed today that VTS, the commercial real estate industry’s only technology platform that unifies owners, operators, brokers, and tenants to capitalize on opportunities revealed in every square foot of their properties, ranked on the 2023 Inc. 5000 – its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment — its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000. “VTS is honored to receive our first recognition on the Inc. 5000 list, joining the ranks among the fastest growing and most innovative companies in the country," said Nick Romito, CEO of VTS. “This is a testament to how much VTS has grown and achieved in recent years. I’m immensely thankful to our dedicated team, as well as our exceptional clients and partners who all play a critical role in our continued success." The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years. For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23. “Running a business has only gotten harder since the end of the pandemic,” says Inc. Editor-in-Chief Scott Omelianuk. “To make the Inc. 5000 — with the fast growth that requires — is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.” VTS has experienced tremendous growth in recent years. Most recently, VTS launched its revolutionary tenant experience solution VTS Activate, which has solidified the company as the leading provider of tenant experience technology. The launch of VTS Activate follows VTS’ acquisitions of Rise Buildings in March 2021 and Lane Technologies in October 2021, both of which marked the company’s official entrance into the tenant experience space. In September 2022, VTS announced it had closed on a $125M Series E funding round, led by CBRE, making it the most well-capitalized PropTech company of its vintage. About VTS VTS is commercial real estate’s leading leasing, marketing, and asset management platform where the industry comes to make deals happen and real-time data comes to life. The VTS Platform captures the largest first-party data source in the industry, which delivers real-time insights that fuel faster, more informed decision making and connections throughout the deal and asset lifecycle. VTS Data, the industry’s only forward-looking market dataset, and VTS Market and Marketplace, the industry’s first integrated online marketing solution, give landlords, brokers, and tenants unparalleled visibility into real-time market information and the direct connectivity to execute deals with greater speed and intelligence at every point in the planning, marketing, leasing, and asset management cycle.More than 60% of Class A commercial space in the US and 12B square feet of commercial real estate globally is managed on the VTS platform. Our user base includes over 45,000 CRE professionals including respected industry leaders like Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit www.vts.com. More about Inc. and the Inc. 5000 Methodology Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. About Inc. Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference & Gala, slated for October 31 - November 2 in San Antonio, visit http://conference.inc.com/. Contact Details Marino PR Sofia Chevez +1 646-912-5354 schevez@marinopr.com Company Website https://www.vts.com/

August 21, 2023 09:00 AM Eastern Daylight Time

News Release

Zoned Properties sees strong revenue growth as company unveils second-quarter financials

Zoned Properties

Zoned Properties' CEO, Bryan McLaren, recently spoke with Steve Darling on Proactive to share the company's second-quarter financial results and operational highlights, demonstrating strong growth in its real estate development endeavors, particularly in emerging and highly regulated industries like legalized cannabis. McLaren noted that the company achieved significant revenue growth during the quarter ended June 30, 2023, with revenues reaching $772,617. This marked a notable increase of 55% compared to the revenues of $498,652 recorded for the same quarter in the previous year. Additionally, Zoned Properties reported a net income of $42,159 for the quarter, a notable shift from the net loss reported in the same period of the previous year. McLaren also shared the company's ongoing efforts in developing its proprietary cannabis AI technology platform, REZONE. This innovative platform aims to democratize real estate information for the regulated cannabis industry. By providing zoning and mapping software solutions, REZONE is designed to simplify the process of capturing cannabis real estate insights for users. Zoned Properties is actively working on further refining and expanding REZONE as it moves closer to its commercial launch. These financial results and technological advancements underscore Zoned Properties' commitment to sustainable growth and innovation within the highly regulated sectors it operates in, positioning the company as a significant player in real estate development for emerging industries such as legalized cannabis. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 17, 2023 01:33 PM Eastern Daylight Time

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