News Hub | News Direct

Real Estate

Commercial Home Building Property Management REIT Real Estate Residential
Article thumbnail News Release

Congressman Kilmer discusses local issues with Milgard Windows and Doors team

Milgard Windows and Doors

Congressman Derek Kilmer listened to team members at Milgard Windows and Doors, a MITER Brands™ company, and discussed local challenges and opportunities at a recent visit. Congressman Kilmer reached out to Milgard in hopes of learning more about the issues they faced as a business that resided in his district. “I wanted to learn about their ongoing priorities and concerns about doing business in the area,” Kilmer said about his visit to Milgard. “The more we know, the better we can create new policies at the federal level that can provide support.” The topics discussed ranged from current market conditions, the Inflation Reduction Act, local crime concerns and hiring challenges. Milgard leaders from Human Resources, Operations, Production, Marketing and Information Technology came with questions to the meeting that lasted an hour. They also shared their involvement in the local community through the MITER Foundation™, the charitable arm of parent brand, MITER Brands. “Kilmer had some great suggestions regarding employment opportunities through Joint Base Lewis-McChord and our local high-schools,” said Vince Prunty, Sr Director of HR. “We’re anxious for job seekers to view manufacturing positions as a great career with the potential for growth.” The dialogue among the group was positive and actionable ideas were discussed. The Milgard team was pleased at the opportunity to speak candidly, and the Congressman listened intently, asked pointed questions and took notes for items that required follow up. ABOUT MITER BRANDS MITER Brands™ is a residential window and door manufacturer that produces a leading portfolio of window and door brands for the new construction and replacement segments. Through MI Windows and Doors, Milgard Windows and Doors, and Sunrise Windows & Doors, MITER Brands is one of the largest suppliers of precision-built and energy-efficient windows and doors throughout the United States servicing thousands of dealers. For more information, visit: miterbrands.com, miwindows.com, or milgard.com. Contact Details Joann Whetstine +1 253-896-8010 joannwhetstine@milgard.com Company Website https://www.milgard.com/

November 17, 2022 08:04 AM Pacific Standard Time

Image
Article thumbnail News Release

Volatus Aerospace Introduces All-Terrain Robotic Crawler, Hydra

Volatus Aerospace Corp.

Today, Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") introduces the robotic crawler, Hydra. Outfitted with wear-resistant all-terrain treads and built on a solid metal chassis, the Hydra is a robotic crawler platform controlled with a rugged dual-screen remote and equipped with an easy-to-use customizable switch layout. Designed for use in a variety of applications with a wide range of payloads, it can handle challenging terrains and dangerous situations with ease, prioritizing the safety of human life. “The Hydra was built to withstand tough conditions, like those you would encounter at mining sites and wildfires,” explained Pedram Nowroozi, CTO of Volatus aerospace. “In fact, we began development on the Hydra based on a need from one of our mining clients. They wanted to be able to go into tight and rugged spaces with a LiDAR sensor for surveying and mapping projects that would otherwise be dangerous for their crew. We are proud of what we accomplished and very excited to be making these units available commercially.” “ According to Future Market Insights, smart mining technologies alone are predicted to reach $9 B by 2032 US with a CAGR of 14%,” said Glen Lynch, CEO of Volatus Aerospace. “The Hydra was designed to capture that market and has the capability to expand into other diverse markets like firefighting. In fact, we’ve already developed a model that can provide fire suppression so that firefighters can multiply their workforce when fighting complex and dangerous fires.” Customizable to fit client’s exact needs, the Hydra can handle up to 120 kilograms with a standard three-hour runtime in a 2-kilometer range, with optional upgrades to increase range, including a 5G 4 SIM LTE module and a larger 6-hour battery. Volatus’ mining client has already taken delivery of their first Hydra unit. The Company is now making it available to more clients as off the shelf or a specifically customized product. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Pedram Nowroozi +1 647-887-1448 pedram.nowroozi@volatusaerospace.com Company Website https://volatusaerospace.com

November 17, 2022 06:30 AM Eastern Standard Time

Image
Article thumbnail News Release

Georgia-Pacific Building Products, HomeSphere Partner to Offer Exclusive Savings

HomeSphere

Georgia-Pacific, a leading commercial and residential building products manufacturer, committed to developing the highest-quality products while leading with a tireless commitment to innovation, today announced a partnership with HomeSphere, a platform connecting building product manufacturers to 2,700+ homebuilders who collectively construct more homes than the top five public homebuilders combined. Homebuilders can now access exclusive rebates on the ForceField® Weather Barrier System from Georgia-Pacific. ForceField® Weather Barrier System is an integrated weather-resistive barrier (WRB) sheathing for walls and sloped roofs that, when combined with the ForceField Weather Barrier system tapes, helps to reduce weather-related challenges and delays. Compared to traditional systems, ForceField® Weather Barrier System helps multifamily and residential structures dry faster, simplifying construction. “Georgia-Pacific is the go-to manufacturer for exterior sheathing products,” said HomeSphere president and CEO Greg Schwarzer. “The Georgia-Pacific name is trusted by contractors and architects alike for quality and innovation. Through the partnership, HomeSphere builders can save time and costs during a critical time for the industry.” The ForceField® Weather Barrier System integrates WRB sheathing panels with compatible wall and roof tape accessories to deliver a seamless build; the added value of Georgia-Pacific technical support includes application best practices and troubleshooting. HomeSphere builders gain early access to the product, currently active in multiple key markets from Colorado to the east coast and rapidly expanding. “The availability of many building materials is not currently guaranteed. Homebuilders who want to use high-quality products and get them quickly can benefit from choosing Georgia-Pacific ForceField® Weather Barrier System and HomeSphere,” said John Beers, vice president of sales, structural panels for Georgia-Pacific. HomeSphere’s partnerships with well-respected brands give its 2,700+ single-family and multifamily builders access to an unprecedented catalog of leading-edge materials and technologies. Its platform directly connects builders to manufacturers like Georgia-Pacific to construct functional, modern homes with less friction and cost. About HomeSphere Established in 1999, HomeSphere connects local and regional homebuilders to exclusive rebate offerings. HomeSphere’s builder network constructs and closes more than 250,000 new homes and units per year, making it the largest homebuilding group in the country by volume. Using My HomeSphere®, HomeSphere’s award-winning rebate management platform, builders capture incentives on completed homes, discover new products for their future projects and develop key relationships with the 80+ manufacturers in HomeSphere’s preferred partner network. For more information about HomeSphere’s products and solutions for homebuilders and manufacturers, visit www.homesphere.com. About Georgia-Pacific Building Products Founded in Augusta, Ga., in 1927 as the Georgia Hardwood Lumber Company, Georgia-Pacific pioneered the use of southern yellow pine plywood in 1963. In 1986, the revolutionary DensGlass® Gold Sheathing was introduced, changing the face of gypsum forever. Long recognized as a leading supplier of building products to lumber and building materials dealers and large do-it-yourself warehouse retailers, GP Building Products brands now include DensElement® Barrier System, ForceField® Weather Barrier System, DensDefy™ Products, DensDeck® Roof Boards, DensDeck® StormX™ Prime Roof Boards, DensShield® Tile Backer, Plytanium® Plywood, DensArmor Plus® Interior Panels, and ToughRock® Gypsum Board. For complete information on GP Building Products, please visit www.buildgp.com Contact Details Center Reach Communications Caitlin Wilson caitlin@centerreachcommunication.com Georgia-Pacific Kim Drew, APR kimdrewpr@gmail.com Company Website https://www.homesphere.com/

November 15, 2022 08:30 AM Central Standard Time

Article thumbnail News Release

Generation Income Properties Announces Third Quarter 2022 Financial and Operating Results

Generation Income Properties

Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company") today announced its financial and operating results for the period ended September 30, 2022. Highlights (For the 3 months ended September 30, 2022) Generated net loss attributable to GIPR of $639 thousand, or ($0.28) per basic and diluted share. Generated Core FFO of $326 thousand, or $0.14 per basic and diluted share. Generated Core AFFO of $358 thousand, or $0.16 per basic and diluted share. Commenting on the quarter, CEO David Sobelman stated, “During the third quarter we focused on maximizing internal growth and growing our pipeline in order to better navigate the uncertainty that is prevalent throughout today’s markets. By positioning ourselves to take advantage of the imbalances within the market, we’ll look to opportunistically acquire assets when the time is right. We’re glad to be able to say that we’re in a stable position as it relates to our 100% rent collection, fixed debt rates that are well below today’s market interest rates, and the high credit worthiness of our tenants.” FFO and related measures are supplemental non-GAAP financial measures used in the real estate industry to measure and compare the operating performance of real estate companies. A complete reconciliation containing adjustments from GAAP net income to Core FFO and Core AFFO is included at the end of this release. Portfolio (as of September 30, 2022, unless otherwise stated) Approximately 85% of our portfolio’s annualized base rent ("ABR") as of September 30, 2022 was derived from tenants that have (or whose parent company has) an investment grade credit rating from a recognized credit rating agency of “BBB-” or better. Our largest tenants are the General Service Administration, PRA Holdings, Inc., Pratt and Whitney, and Kohl’s, all who have an ‘BB+’ credit rating or better from S&P Global Ratings and contributed approximately 66% of our portfolio’s annualized base rent. The Company’s tenants are 100% rent paying and have been since our inception. Approximately 92% of our portfolio’s annualized base rent in our current portfolio provide for increases in contractual base rent during future years of the current term or during the lease renewal periods. The average ABR per square foot is $15.70. Liquidity and Capital Resources $2.6 million in total cash and cash equivalents as of September 30, 2022. Total mortgage loans, net was $35.4 million as of September 30, 2022. Financial Results Total revenue from operations was $1.5 million during the three-month period ended September 30, 2022, as compared to $1.0 million for the three-month period ended September 30, 2021. This represents a year-over-year increase of 43% driven primarily by the acquisition of properties. Operating expenses, including G&A, for the same periods were $2.0 million and $1.3 million, respectively, due to increases in G&A, recoverable expenses and depreciation/amortization from recent acquisitions, and compensation costs. Net operating income (“NOI”) for the same periods was $1.2 million and $838 thousand, a 44% increase from the same period last year, which is a direct result of the acquisition of properties. Net loss attributable to GIPR for the three months ended September 30, 2022 was $639 thousand as compared to net income of $456 thousand for the same period last year, with the change being attributable primarily to a $923 thousand gain on sale of a property during the three months ended September 20, 2021 that did not occur in the same period of 2022. 2022 Guidance The Company is not providing guidance on future financial results or acquisitions and dispositions at this time. However, the Company will provide timely updates on material events, which will be broadly disseminated in due course. The Company’s executives, along with its Board of Directors, continue to assess the advisability and timing of providing such guidance to better align GIPR with its industry peers. Conference Call and Webcast The Company will host its third quarter earnings conference call and audio webcast on Tuesday, November 15, 2022, at 9:00 a.m. Eastern Time. To access the live webcast, which will be available in listen-only mode, please follow this link. If you prefer to listen via phone, U.S. participants may dial: 877-407-3141 (toll free) or 201-689-7803 (local). About Generation Income Properties Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com. Forward-Looking Statements This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words "believe," "intend," "expect," "plan," "should," "will," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These statements reflect the Company's expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company’s control which could have a material adverse effect on the Company's business, financial condition, and results of operations. These risks and uncertainties include the risk that we may not be able to timely identify and close on acquisition opportunities, our limited operating history, potential changes in the economy in general and the real estate market in particular, the COVID-19 pandemic, and other risks and uncertainties that are identified from time to in our SEC filings, including those identified in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed on March 18, 2022, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statement made by us herein speaks only as of the date on which it is made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as may be required by law. Notice Regarding Non-GAAP Financial Measures In addition to our reported results and net earnings per diluted share, which are financial measures presented in accordance with GAAP, this press release contains and may refer to certain non-GAAP financial measures, including Funds from Operations ("FFO"), Core Funds From Operations ("Core FFO"), Adjusted Funds from Operations (“AFFO”), Core Adjusted Funds from Operations ("Core AFFO"), and Net Operating Income (“NOI”). We believe the use of Core FFO, Core AFFO and NOI are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. FFO and related measures, including NOI, should not be considered alternatives to net income as a performance measure or to cash flows from operations, as reported on our statement of cash flows, or as a liquidity measure, and should be considered in addition to, and not in lieu of, GAAP financial measures. You should not consider our Core FFO, Core AFFO, or NOI as an alternative to net income or cash flows from operating activities determined in accordance with GAAP. Our reconciliation of non-GAAP measures to the most directly comparable GAAP financial measure and statements of why management believes these measures are useful to investors are included below. Generation Income Properties, Inc. Consolidated Balance Sheets Generation Income Properties, Inc. Consolidated Statement of Operations (unaudited) Reconciliation of Non-GAAP Measures The following tables reconcile net income (loss), which we believe is the most comparable GAAP measure, to Net Operating Income ("NOI"): The following tables reconcile net income (loss), which we believe is the most comparable GAAP measure, to FFO, Core FFO, AFFO, and Core AFFO: Note 1: Subsequent to the issuance of the Company’s 2021 Form 10-K and Q1 2022 Form 10-Q, management of the Company identified an immaterial error in application of Accounting Standards Codification (ASC) 480-10, Distinguishing Liabilities from Equity. Specifically, the Company incorrectly classified the partnership interest of GIP Fund 1, LLC as Redeemable non-controlling interest rather than Non-controlling interest within Equity. The Company has accordingly corrected certain numbers in the prior year presentation above. Our reported results are presented in accordance with GAAP. We also disclose funds from operations ("FFO"), adjusted funds from operations ("AFFO"), core funds from operations ("Core FFO") and core adjusted funds of operations ("Core AFFO") all of which are non-GAAP financial measures. We believe these non-GAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. FFO and related measures do not represent cash generated from operating activities and are not necessarily indicative of cash available to fund cash requirements; accordingly, they should not be considered alternatives to net income or loss as a performance measure or cash flows from operations as reported on our statement of cash flows as a liquidity measure and should be considered in addition to, and not in lieu of, GAAP financial measures. We compute FFO in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts ("NAREIT"). NAREIT defines FFO as GAAP net income or loss adjusted to exclude extraordinary items (as defined by GAAP), net gains from sales of depreciable real estate assets, impairment write-downs associated with depreciable real estate assets, and real estate related depreciation and amortization, including the pro rata share of such adjustments of unconsolidated subsidiaries. We then adjust FFO for non-cash revenues and expenses such as amortization of deferred financing costs, above and below market lease intangible amortization, straight line rent adjustment where the Company is both the lessor and lessee, and non-cash stock compensation to calculate Core AFFO. FFO is used by management, investors, and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers primarily because it excludes the effect of real estate depreciation and amortization and net gains on sales, which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time, rather than fluctuating based on existing market conditions. We believe that AFFO is an additional useful supplemental measure for investors to consider because it will help them to better assess our operating performance without the distortions created by other non-cash revenues or expenses. FFO and AFFO may not be comparable to similarly titled measures employed by other companies. We believe that Core FFO and Core AFFO are useful measures for management and investors because they further remove the effect of non-cash expenses and certain other expenses that are not directly related to real estate operations. We use each as measures of our performance when we formulate corporate goals. As FFO excludes depreciation and amortization, gains and losses from property dispositions that are available for distribution to stockholders and extraordinary items, it provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, general and administrative expenses and interest costs, providing a perspective not immediately apparent from net income or loss. However, FFO should not be viewed as an alternative measure of our operating performance since it does not reflect either depreciation and amortization costs or the level of capital expenditures and leasing costs necessary to maintain the operating performance of our properties which could be significant economic costs and could materially impact our results from operations. Additionally, FFO does not reflect distributions paid to redeemable non-controlling interests. Contact Details Investor Relations +1 813-448-1234 ir@gipreit.com Company Website https://www.gipreit.com

November 14, 2022 05:30 PM Eastern Standard Time

Article thumbnail News Release

Vietnam veteran enjoys the people-first culture at MITER Brands

MI Windows and Doors

Former Army infantryman, Vietnam veteran Kevin Miller, draws a parallel between those he served with and the people-first culture he experiences every day at MI Windows and Doors, a MITER Brands TM company. Drafted in 1969, Miller spent two years in Vietnam as a lead scout. He was promoted to the rank of corporal for his bravery in the field. “It was an honor to serve my country,” Miller said, “and I’m proud to have served alongside with the men in my unit.” When he first returned home, he found work as a machinist. It was in 2012 when he became a maintenance technician at the MI Windows and Doors vinyl profiles facility. For over ten years Miller has enjoyed working for MI because of their strong support of veterans, and that they treat all team members like family. “MI Windows and Doors has been very good to me,” he says. “They really respect the service of military veterans and I feel valued here.” Plant Manager Dave Koppenhaver has known Miller since he joined the company. “He works hard and he’s a great resource here at the plant,” Koppenhaver says. “Not only is Kevin a great mentor to his fellow team members, but they really respect his service to our country during the Vietnam War.” MI Windows and Doors is proud to hire veterans. Visit our career page to learn what MI can do for you. ABOUT MITER BRANDS MITER Brands™ is a residential window and door manufacturer that produces a leading portfolio of window and door brands for the new construction and replacement segments. Through MI Windows and Doors, Milgard Windows & Doors, and Sunrise Windows & Doors, MITER Brands is one of the largest suppliers of precision-built and energy-efficient windows and doors, with more than 10 manufacturing facilities throughout the United States servicing thousands of dealers. For more information visit: miterbrands.com, miwindows.com or milgard.com. Contact Details Joann Whetstine +1 253-896-8010 Joann.Whetstine@miwd.com Company Website https://miwindows.com/

November 11, 2022 08:06 AM Eastern Standard Time

Image
Article thumbnail News Release

Volatus Aerospace Announces Closing of Synergy Aviation and iRed Remote Sensing Acquisitions

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to report that it has completed the acquisitions of Synergy Aviation of Edmonton Alberta, first announced on October 13, 2022 and iRed Remote Sensing of Emsworth, England, first announced on October 28, 2022. Synergy Aviation provides Volatus with a strong position in Oil and Gas infrastructure monitoring with the ability to introduce green drone technologies to provide a competitive advantage for growth in that sector. The addition of iRed reinforces the company’s offering in infrared inspection and expands its geographic presence in UK and Europe. “The addition of these two companies adds approximately $7.5MM in proforma revenue and $1MM in proforma EBITDA for the first nine months bringing Volatus proforma revenue to $30MM with a proforma EBITDA of ($1.63MM) for the first 3 quarter,” said Abhinav Signhvi, Chief Financial Officer for Volatus Aerospace. “The strong sales and positive EBITDA are particularly encouraging on the heels of our recently reported Q3 2022 revenue of $11.12MM with an EBITDA of $39,547.” “Our M&A strategy of adding accretive companies such as these to our portfolio provides added financial strength and strategic advantage consistent with our long-term vision,” added Glen Lynch, CEO of Volatus Aerospace. *Non-IFRS measure. Earnings before interest, taxes, depreciation and amortization ("EBITDA") should not be construed as alternatives to comprehensive loss or income determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and, therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as IFRS net loss excluding interest expense, depreciation and amortization expense. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

November 10, 2022 06:30 AM Eastern Standard Time

Article thumbnail News Release

Generation Income Properties to Present at Sidoti Virtual Conference

Generation Income Properties

Generation Income Properties, Inc. (NASDAQ: GIPR) (the “Company”), an internally managed real estate investment trust focused on acquiring and managing net leased properties, announced today its President and Chief Executive Officer, David Sobelman, will present and host one-on-one meetings with investors at the Sidoti virtual conference on November 9 and 10, 2022. The presentation will begin at 9:15am ET on Wednesday, November 9 and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_l6wtShDRSV-XaZ81B_hucg About Generation Income Properties Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office and industrial net lease properties located primarily in densely populated submarkets throughout the United States. Additional information about Generation Income Properties, Inc. can be found at the Company’s corporate website: www.gipreit.com. Forward-Looking Statements This press release, whether or not expressly stated, may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company’s control which could have a material adverse effect on the company’s business, financial condition, and results of operations. Some of these risks and uncertainties are identified in the Company's most recent Registration Statement on Form S-1 and its other filings with the SEC, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Contact Details Investor Relations +1 813-448-1234 ir@gipreit.com Company Website https://www.gipreit.com

November 08, 2022 04:30 PM Eastern Standard Time

Article thumbnail News Release

As More Governments Continue to Legalize Cannabis, Suitable 420 Properties Continue to Grow

Benzinga

U.S. cannabis sales in 2021 topped $25 billion and are forecasted to reach $33 billion by the end of 2022. The industry’s rapid expansion has increased demand for buying and leasing cannabis properties. Finding suitable retail space is an issue many cannabis business owners face. 420 Property has made the search more convenient by listing cannabis real estate and businesses available to buy or rent. This property management company connects you with financial institutions to fund your business and professionals to help you with zoning and making the right investment decisions. Navigating Zoning Requirements for Cannabis Properties Zoning laws regulate land uses, enforcing certain restrictions on the property. Although your state’s law permits cannabis sales, a locality has specific zoning requirements. Each municipality enforces restrictions on properties, such as enabling cannabis businesses to operate only on specific streets, determining how and where the business can be advertised and prohibiting the business from being located within 1,000 feet of a school. The numerous limitations placed on cannabis business owners make it difficult for them to set up operations. Navigating local zoning requirements and finding the ideal site for your business is best achieved by working with a property management company. Getting into the Cannabis Industry the Right Way Setting up a cannabis business is a long-term investment that requires you to choose the best method of acquiring real estate. That helps you budget and increases your chances of success. Cannabis Real Estate for Sale Buying cannabis real estate requires you to find a green-zoned property. The ideal way to finance it is with cash. Some banks are allowed to issue loans to cannabis businesses, but they’re accompanied by high fees and interest rates. Investors can choose from several premium cannabis real estate listings in California, New Jersey, Illinois, Oregon, Washington and Michigan. If those listings aren’t suitable, more are available on 420 Property. Cannabis Real Estate for Lease One of the benefits of leasing a property for your cannabis business is that you’re not concerned about the market tanking and decreasing the value of your property. Leasing retail space also requires you to have less upfront capital than buying real estate. Exiting an unsuccessful venture is more viable if you rent rather than own the property. But a major challenge entrepreneurs in the cannabis industry face is high rent. Fortunately, it’s possible to find affordable cannabis retail space to rent. You can visit 420 Property ’s website for a larger selection of real estate to lease. Cannabis Businesses for Sale Setting up a cannabis company from scratch and acquiring all the licenses, equipment and establishing a client base can be an arduous and lengthy process. You can circumvent those challenges by buying an existing cannabis business. Choose a cannabis business for sale or check out 420 Property to connect with a broker who will help you find a great offer. Cannabis Investment Opportunities Instead of setting up a business and being involved in the operations, you can profit from the cannabis industry as an investor and earn passive income. Select the best cannabis investment opportunity and let your money work for you. 420 Property lists numerous investment options for you to explore. Cannabis Real Estate Has Massive Growth Potential Considering that some experts predict the cannabis industry will reach $70 billion in annual sales by 2030, demand for cannabis real estate is rising. You require the assistance of a property management company that will provide guidance about zoning requirements and assist in finding real estate that suits your needs. You can find cannabis listings, financing, insurance, and cannabis real estate brokers on 420 property Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 08, 2022 04:25 PM Eastern Standard Time

Article thumbnail News Release

Volatus Aerospace Corp. Announces Record Third Quarter 2022 Revenue of $11.12MM

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company"), a global leader in the drone industry, is pleased to announce its financial results for the quarter ending September 30, 2022 ("Q3 2022"). The Company generated revenue of $22,558,010 in the first nine months of 2022. Revenue for Q3 2022 was $11,120,589 an increase of 68% over the previous quarter and a 238% increase over the same quarter in the prior year. The revenue increase in Q3 2022 was driven by organic growth, scale in drone services activities, and increased aviation revenue. Gross profit for Q3 2022 was $3,329,444 an increase of $2,597,024 over the same period in 2021. The increase in gross profit was due to the scale of drone services and aviation revenue. The Company has experienced a gross margin of 30%, representing an increase of 127 basis points over the second quarter of 2022. Volatus recorded a comprehensive loss of ($352,206). This was due to increased investment in human resources in the defense and integrated solutions segments, expansion in the UK, increased share-based payments, and increased advertisement and marketing expenses. The cash on hand as of Sept 30, 2022, was $6,021,163. In a subsequent event, the Company raised additional cash of $4,226,772 from the oversubscribed prospectus and private placement offering that closed on Oct 6, 2022. Notable Operational Accomplishments During the Quarter: Continued delivery of ISR (Intelligence, Surveillance, and Reconnaissance) Drones to Ukraine Introduced a subsidized Customer Financing Program for rapid drone adoption in the commercial segment in partnership with Mitsubishi HC Capital Canada. Secured remote BVLOS (Beyond Visual Line of Sight) approval to operate a drone, using an optical technology for detection and avoidance of aircraft without a visual observer, inside the airspace of an active airport. Demonstrated remote flight operation of two drones located in Las Vegas by a pilot located in the company’s remote operations center more than 3,000 km away in Canada. Entered into a strategic partnership with a radar company - Accipiter Radar Technologies Inc. - to scale BVLOS operations. Continued delivery on our “Profit with Purpose” initiative by completing RPAS technical skills training program with Moose Cree First Nation. Launched our Environment Social and Governance (ESG) initiative to assist various industries achieve their ESG goals by reducing Scope 3 emissions. “Q3 was an important quarter for Volatus as we continued to scale our investment in the defense sector and higher margin Engineered Solutions,” said Glen Lynch, CEO of Volatus. “The quarter also marked the beginning of a transition for our Aviation division as we moved away from passenger activities towards cargo and long linear inspections where drones and eVTOLS’s (electric vertical takeoff and landing vehicles) have a much larger role to play.” Webinar In conjunction with this release, Volatus investor relations will host a webinar on Monday, November 7 th at 4:30 PM EST at which time Glen Lynch, Chief Executive Officer, and Abhinav Singhvi, Chief Financial Officer, will review the quarterly results and major milestones with Danielle Gagne, Head of Corporate Communications as moderator. Investors are invited to register for the webinar here. https://us06web.zoom.us/webinar/register/WN_uAeXAvY2SySzMEJf8FIi5g Audio Replay Options An audio replay of the event will be archived on the Investor Relations page of the company's website here. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward- looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

November 07, 2022 06:32 AM Eastern Standard Time

1 ... 2930313233 ... 64