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Aver - the first fully decentralized betting and prediction exchange - launches on Solana blockchain

Aver

Aver, a Web3 betting and prediction exchange, has just launched its public beta on Solana. The public launch follows the project’s $7.5m seed round earlier this year and a successful closed-beta period in June. The project is backed by heavyweights in both the sports betting and crypto domains - including Jump, Susquehanna (SIG) and Mirana Ventures. Aver is the first project to deliver a Web3 exchange experience that rivals the latency and benefits of Web2 betting platforms such as Betfair and Matchbook, while facilitating a path to address some of the significant shortcomings of Web2 exchanges. A spokesperson for Aver explained: “Until now, crypto betting and prediction platforms have fallen into one of two categories - a centralized platform which accepts cryptocurrency as a form of funding; or an expensive and inefficient ‘Automated Market Maker’ (AMM) approach which bleeds liquidity providers and leads to uncompetitive or unsustainable pricing.” Under the Automated Market Maker approach, liquidity providers are passive and either: (a) are exposed to informed flow of traders or sudden jumps in price to their detriment; or (b) require such high margins to address this as to make the prices wildly uncompetitive. The Aver team has succeeded in solving this problem, and has implemented a full orderbook-powered solution on the blockchain (the ‘protocol layer’), with the entire process - from placing orders to matching trades, resolving events and paying out settlements - taking place without reliance on any particular organization, centralized technologies or third parties. Previous attempts at betting markets on other blockchains, such as Ethereum, have incurred high ‘gas’ costs and suffered from long transaction times, making the experience painful for the majority of users and unsustainable except in the case of high value bets. The cost of refreshing quotes or providing ‘passive’ liquidity in volatile events has meant liquidity has been sparse to non-existent. Instead, Aver is built on Solana, where transaction costs and processing times are approximately 1/1000th of that on Ethereum - making it the first on-chain betting platform which is not only viable, but rivals the user-experience of Web2 platforms. The exchange is entirely non-custodial - meaning there is no concept of ‘funds-at-rest’ or ‘fund-lock-up’ - a common feature and pain point of Web2 platforms. Participants do not need to wire funds to an organization in order to participate, and capital doesn’t need to sit idle in a provider’s account - unused funds remain with the participant at all times, and winnings are immediately settled directly to participant wallets - not to a platform account. Fees captured by the protocol are anticipated to be a fraction of those in Web2 comparable. On Aver, fees are levied only when users win, at a rate ranging from just 0.5-2.0% of a trader’s profits. The platform launched a public beta on 1 July 2022, having been in closed beta for the month of June. To interact with the platform, participants will need a funded Solana wallet, though the project has plans to add further ways to on-board users from other blockchains and to add support for non-crypto-natives in the coming months. Aver is a decentralized, peer-to-peer betting exchange built on the Solana blockchain. It enables trustless trading, settlement and resolution of bets and predictions - without reliance on any individuals or third-parties. Contact Details Aver Press Contact press@aver.exchange Company Website https://aver.exchange

July 01, 2022 02:00 PM Eastern Daylight Time

SUN, SAND & YOUR SMARTPHONE

YourUpdateTV

Technology and Lifestyle Expert, Stephanie Humphrey, partners with Affirm, THX Ltd., and VAIO to explore ways consumers can include tech into their longer summer days and nights. A video accompanying this announcement is available at: https://youtu.be/Cxp49uDveT8 The summer sun is sure to heat things up, but there’s nothing hotter than scoring the latest tech gadgets, like new computers and audio devices, to enhance the warmer months ahead. Additionally, tech makes summer travel easier to manage thanks to certain app-based services. In fact, more people plan to travel this summer with 73% of consumers taking an average of two trips. Over 148 million travel bookings are made annually, with an estimated 700 million people booking online by 2023. U.S. consumers not only rely upon tech for their travel needs, but also everyday purchases, including summer apparel, fitness, and electronics. More than one-third of people use shopping apps between two and five times a week, while 28% use them at least once a day. Technology and Lifestyle Expert, Stephanie Humphrey says whether home or vacationing, consumers can enjoy the season thanks new gear and gadgets. COMPUTER TECH: The popularity of hybrid work schedules and learning from home has increased the demand for computers over the past two years. In fact, more people are expected to work from home throughout the summer months. Humphrey says many of us have found a new life balance when it comes to work and free time, adding, “It’s estimated that more than 36 million of us will work remotely by 2025. That means we’re going to need something that fits our lifestyles.” VAIO, the premier Japanese computer brand known for exceptional quality notebooks equipped with the latest technology, expands its FE Series to offer new high-performance laptops with an impressively long battery life to work, create, game, and watch entertainment from anywhere, for longer. It's equipped with 12th Gen Intel® Core™ processors, Windows 11—and with THX® Spatial Audio—which means an immersive lifelike soundscape for enjoying all types of entertainment. The new VAIO FE laptops deliver maximum performance and immersive experiences in a slim, portable design. Humphrey says it's 10 hours of battery life and powerful computing capabilities, makes the VAIO FE Series a perfect fit for on-the-go lifestyles, especially during summer travel. For more, go to Walmart.com Direct Link: usa.vaio.com AUDIO TECH: Due to an increase in outdoor activities and travel, smartphones, smart speakers and audio devices see a spike in sales during the summer months. The technology expert points out the different ways sound can enhance everyday moments, saying, “I’m thinking about those big summer block busters, at home movie nights, and gaming experiences.” Humphrey highlights how superior sound started years ago with Film Maker, George Lucas. He wanted to get the best audio possible for the moviegoing experience, so he founded THX. Fast forward to today, the company’s first consumer product—the THX Onyx gives consumers master quality audio whether at home or on the go, offering cinematic and studio quality audio right from its laptop. Humphrey says it’s incredibly easy to use with the “Plug and play” functionality and is compatible with all mobile devices, like Windows, Mac (and iOS and Android too). The THX Onyx portable DAC amp (digital-to-analog converter) provides crystal clear audio when listening over headsets to movies, music, streaming or games from any mobile device. It can be paired especially with the VAIO laptop for a superior portable entertainment system, and it also is plug-and-play amp to upgrade your audio from any laptop or smartphone listening! For more, to Amazon.com. Direct Link: https://www.thx.com/thx-onyx Instagram: Instagram TikTok: TikTok YouTube: YouTube FINANCIAL TECH: Humphrey recommends using technology to help manage the costs of shopping this summer, saying, “I have a great way for consumers to pay at their own pace whether it’s shopping for electronics (like the VAIO laptop or THX Onyx), summer apparel, fitness or even travel.” Affirm gives people the flexibility to stay in budget when shopping for new summer tech by letting consumers pay over time, with no late or hidden fees. Humphrey adds, “You get to spread out the costs of summer tech essentials from outdoor speakers to cameras and more, at retailers like Amazon, Target, Walmart, GoPro and others.” If approved, shoppers can use Affirm to pay over time at more than 200,000 retailers in the U.S. and will never be charged more than the amount they agree to upfront. Humphrey concludes with, “This is a great way to shop your favorite stores online or in-store and pay later. You’ll see Affirm at checkout, or you can request a virtual card in the Affirm app.” Find out more at www.affirm.com. Instagram: LINK LinkedIn: LINK Twitter: LINK Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

July 01, 2022 11:00 AM Eastern Daylight Time

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The Channel Company Completes Acquisition of Incisive Media Technology Division

The Channel Company

The Channel Company, global provider of news, insights, strategy, events, and marketing services for the technology industry, today completed the acquisition of the technology division of Incisive Media, which includes the media and event brands of CRN UK, Channel Partner Insight, and Computing. This strategic acquisition reunites CRN and CRN UK under the same company and provides the opportunity to link the Computing brand with The Channel Company’s Midsize Enterprise Services brand in a powerful, connected, global end-user community. “We are excited to formalize the addition of Incisive’s technology brands into our portfolio. This acquisition results in a leading position for The Channel Company in content and events in both the US and EMEA while the reunification of US and UK CRN brands will provide great benefit to both our audiences and clients,” said Blaine Raddon, CEO of The Channel Company. About the Brands CRN UK is the market-leading, trusted source of news and analysis for the UK technology channel. The brand is a focal point for face-to-face events, including the largest event on the UK IT channel calendar, the CRN Channel Awards. The Women in Tech Festival, held in partnership with CRN UK’s sister brand Computing, shows the brand’s ability to innovate with an event that features networking, mentoring, and workshops for a global audience. Channel Partner Insight serves leaders of international resellers, distributors, MSPs, and specialist consultancies tracking key trends and business challenges affecting this highly competitive strand of the IT channel. The brand takes a transatlantic view of the IT channel market and pioneered the ranking of the largest and most influential firms in its annual European Elite and Global Elite report. Computing is the leading source of business-critical information and data journalism for technology leaders. Computing’s flagship event — the UK IT Industry Awards, held with the support of the BCS and The Chartered Institute for IT — is the largest and most prestigious awards ceremony for the industry, with more than 1,500 attendees every year. New Global Opportunities “The completion of this acquisition, in addition to global services organization bChannels earlier this year, creates a powerful portfolio of solutions that will transform how we enable our clients to win anywhere in the world,” said Blaine Raddon, CEO of The Channel Company. The organizations share a common vision and culture to provide clients with the best possible outcomes, continued career development opportunities for employees, and a bold commitment to strategic growth for the company. Clients of CRN UK, Channel Partner Insight, and Computing will also benefit from the extensive portfolio of additional marketing, creative, events, and consulting services that The Channel Company offers. The Channel Company Headquartered in Westborough, MA, The Channel Company has been servicing the technology channel community for over 40 years. From CRN, the #1 source of technology news, insights, and analysis for the IT channel, to industry-leading events that connect clients to customers, to powerful research, consulting and engaging education to accelerate growth, to transformative marketing services to maximize investment, The Channel Company provides a full suite of outcome-driven services focused on addressing the channel’s unique needs worldwide. The Channel Company is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. https://www.thechannelcompany.com EagleTree Capital EagleTree Capital is a leading New York-based middle-market private equity firm that has completed over 35 private equity investments and more than 75 add-on transactions over the past 20+ years. EagleTree primarily invests in North America in the following sectors: media and business services, consumer, and water and specialty industrial. For more information, visit www.eagletree.com Contact Details Corporate Communications +1 508-531-9172 corporatecommunications@thechannelcompany.com Company Website https://www.thechannelcompany.com

July 01, 2022 08:54 AM Eastern Daylight Time

The Channel Company Completes Acquisition of Incisive Media Technology Division

The Channel Company

The Channel Company, global provider of news, insights, strategy, events, and marketing services for the technology industry, today completed the acquisition of the technology division of Incisive Media, which includes the media and event brands of CRN UK, Channel Partner Insight, and Computing. This strategic acquisition reunites CRN and CRN UK under the same company and provides the opportunity to link the Computing brand with The Channel Company’s Midsize Enterprise Services brand in a powerful, connected, global end-user community. “We are excited to formalise the addition of Incisive’s technology brands into our portfolio. This acquisition results in a leading position for The Channel Company in content and events in both the US and EMEA while the reunification of US and UK CRN brands will provide great benefit to both our audiences and clients”, said Blaine Raddon, CEO of The Channel Company. About the Brands CRN UK is the market-leading, trusted source of news and analysis for the UK technology channel. The brand is a focal point for face-to-face events, including the largest event on the UK IT channel calendar, the CRN Channel Awards. The Women in Tech Festival, held in partnership with CRN UK’s sister brand Computing, shows the brand’s ability to innovate with an event that features networking, mentoring, and workshops for a global audience. Channel Partner Insight serves leaders of international resellers, distributors, MSPs, and specialist consultancies tracking key trends and business challenges affecting this highly competitive strand of the IT channel. The brand takes a transatlantic view of the IT channel market and pioneered the ranking of the largest and most influential firms in its annual European Elite and Global Elite report. Computing is the leading source of business-critical information and data journalism for technology leaders. Computing’s flagship event — the UK IT Industry Awards, held with the support of the BCS and The Chartered Institute for IT — is the largest and most prestigious awards ceremony for the industry, with more than 1,500 attendees every year. New Global Opportunities The completion of this acquisition, in addition to global services organisation bChannels earlier this year, creates a powerful portfolio of solutions that will transform how we enable our clients to win anywhere in the world,” said Blaine Raddon, CEO of The Channel Company. The organisations share a common vision and culture to provide clients with the best possible outcomes, continued career development opportunities for employees, and a bold commitment to strategic growth for the company. Clients of CRN UK, Channel Partner Insight, and Computing will also benefit from the extensive portfolio of additional marketing, creative, events, and consulting services that The Channel Company offers. The Channel Company Headquartered in Westborough, MA, US, The Channel Company has been servicing the technology channel community for over 40 years. From CRN, the #1 source of technology news, insights, and analysis for the IT channel, to industry-leading events that connect clients to customers, to powerful research, consulting and engaging education to accelerate growth, to transformative marketing services to maximise investment, The Channel Company provides a full suite of outcome-driven services focused on addressing the channel’s unique needs worldwide. The Channel Company is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. https://www.thechannelcompany.com EagleTree Capital EagleTree Capital is a leading New York-based middle-market private equity firm that has completed over 35 private equity investments and more than 75 add-on transactions over the past 20+ years. EagleTree primarily invests in North America in the following sectors: media and business services, consumer, and water and specialty industrial. For more information, visit www.eagletree.com. Contact Details Corporate Communications +1 508-531-9172 corporatecommunications@thechannelcompany.com Company Website https://www.thechannelcompany.com

July 01, 2022 08:53 AM Eastern Daylight Time

CMG livestreams Hong Kong’s 25th anniversary celebrations to the world with reliable connectivity solutions from HGC

HGC Global Communications

HONG KONG SAR - Media OutReach - 1 July 2022 - With global attention on Hong Kong SAR as it marks the 25 th anniversary of its establishment, China Media Group (CMG) turned to Hong Kong-based HGC Global Communications (HGC) to help it share the celebrations with audiences across China and around the world. Providing one-stop connectivity, HGC mobilized its MetroNET, Dedicated Internet Access (DIA) services and enterprise broadband services to provide reliable and resilient ultra-low latency communications to CMG. As China's national broadcaster, CMG has very strict quality requirements in telecommunications. Given the scale of the anniversary celebration in Hong Kong and the global profile of the broadcast coverage, HGC put together a dedicated service team of expert professionals to provide around-the-clock support to CMG. The ongoing pandemic, short lead times and the need to accommodate changing plans put extra pressure on HGC's team and technology, but both proved equal to every challenge. HGC's MetroNET service deployed bare fibre as the carrier, building a low-latent, high-definition video signal transmission network between the major venues of the 25 th anniversary celebration. With the extensive and interconnected fibre network brought with mainland operators, HGC provided fast and secure connectivity between Hong Kong and CMG's main control broadcast centre in Beijing. The system's dual-core architecture ensured the highest network availability and full resilience, while HGC's DIA service provided point-to-point Internet connectivity for smooth transmission and uncompromising security. This HGC infrastructure helped CMG to offer quality coverage on TV and radio throughout the week and supported the high-quality livestream broadcast from the official ceremony. As a historical moment for all Chinese people around the world, CMG told the stories of Hong Kong from a contemporary perspective, comprehensively showcasing the uniqueness and dynamic of the city. Henry Cheng, Vice President of Global Data Business, International Business of HGC, said, "We are honoured to have been the connectivity solutions provider of CMG on an occasion of such national significance. HGC's team worked hard and demonstrated our ability to provide high-quality and efficient service under a tight schedule and strict requirements. With the support of customers like CMG, we are confident that we are on a journey to success to capitalize on the opportunities offered by the Greater Bay Area that exemplifies Hong Kong's bright future." About HGC Global Communications Limited HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate, SME and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong's largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. In 2019, HGC Group completed the acquisition of Macroview Telecom Limited (Macroview), a leading digital technology solution and managed services provider. The addition of Macroview further accelerates HGC Group's digital transformation path and positioning as a pioneering ICT and digital services leader. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies. To learn more, please visit HGC's website at: www.hgc.com.hk Contact Details FleishmanHillard Hong Kong Dennis Ma +852 2586 7839 dennis.ma@fleishman.com Company Website http://www.hgc.com.hk/

July 01, 2022 06:57 AM Eastern Daylight Time

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Decentralized exchange Capricorn launches IFO platform Greenhouse, with inaugural offering from lending protocol Zenith.Finance

Capricorn

Capricorn, the core DEX protocol built on Cube Network, today announced the launch of its new Initial Farm Offering (IFO) platform, Greenhouse. As part of its launch, the platform will host a US$100,000 IFO for Zenith.Finance, the leading lending protocol incubated by Gringotts Labs, at 06:00 (UTC) on July 1. Capricorn users will be able to subscribe from a pool of 500,000 ZNT tokens on the newly launched IFO section of the Capricorn platform. At 0.15 CUBE/ZNT, the offering is valued at US$100,000. Enabling retail access to Initial Farm Offerings Greenhouse is designed to enable retail investors to participate in IFOs. The platform introduces an “Over-allotment Pool” function to meet the investment needs for investors on Capricorn. During an IFO, when the target number of IFO tokens for sale is met, there will still be 20% of the target number tokens offered for sale as “Over-allotment Shares”. After the offering, “Over-allotment Shares” will form an “Over-allotment Pool”, consisting of both tokens raised in the IFO and project tokens. When the price of the project token rises by more than 50% of the fundraising price, users can manually trigger a sell order, and when the price falls by more than 20%, users can manually trigger a buy order. The platform is also designed to reward loyal Capricorn users. Simply by pledging CORN tokens, Capricorn users can participate in Greenhouse IFOs and buy tokens of promising projects, maximizing capital efficiency and providing access to new investment opportunities. During the funding period, Capricorn users can buy tokens or withdraw their funds at any time, albeit with certain fees. Start-ups launching IFOs on Greenhouse can benefit from an expedited review process. Capricorn selects Zenith.Finance for first IFO Capricorn has selected lending protocol Zenith.Finance for its first IFO on the Greenhouse platform, reflecting a commitment to supporting innovation in the blockchain industry. Zenith.Finance is the first lending protocol to be built on Cube Network, and will launch on its mainnet on July 4. It has received hundreds of millions of dollars in liquidity investments from the Cube Eco Foundation. Featuring a fast, low-cost, safe, and simple-to-use lending platform, Zenith.Finance allows every crypto player——from novices to veterans——to earn high-interest yields on their cryptocurrency assets. By providing strong, efficient, and highly-scalable markets, Zenith.Finance will improve Cube Network’s capital efficiency and user engagement, enabling it to realize its full potential. Zenith.Finance IFO Details As part of Zenith.Finance’s IFO, 500,000 ZNT tokens (0.5% of total supply) will be offered to investors, in order to raise 75,000 CUBE tokens. To participate, Capricorn users need to stake US$500 worth of CORN in the designated "stake CORN to earn CORN" pool here. After registering, Greenhouse users can subscribe for ZNT tokens with CUBE tokens. CUBE tokens are the governance tokens of Cube Network. The pre-sale of ZNT will last for 24 hours, from 6:00 (UTC), July 1, to 6:00 (UTC), July 2. About Capricorn Capricorn is the leading decentralized exchange (DEX) rolled out by Gringotts Labs, a crypto incubator that plans to deploy a series of DeFi protocols on Cube Network. Since officially launching on Cube Network’s mainnet, Capricorn has accrued about $200 million in TVL, becoming the most popular protocol in the Cube network ecosystem. Within three hours after launching, the total value locked on Capricorn exceeded $10,000,000, with several liquidity pools, including "CORN-USDT" and "CORN-WCUBE", reaching high APRs. Contact Details Jim Harper media@capricorn.finance Company Website https://www.capricorn.finance/

July 01, 2022 02:00 AM Eastern Daylight Time

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Sustainable Crypto Yields: MoHash raises $6M for DeFi protocol to bring $150B stablecoin liquidity to $20T private debt in fast growing economies

MoHash

Penetration of global capital into emerging market private debt is minimal and liquidity is non-existent. MoHash is providing access to global capital and liquidity to debt issued by non-bank lenders using DeFi as a tool. Crypto already has close to $150B balances in stablecoin earning high risk, unsustainable and crypto correlated yields thus providing the intersection for MoHash to unlock value as it announces a $6M seed funding round today. MoHash is a decentralized finance (DeFi) protocol that harnesses crypto assets (namely, stablecoins) for providing access to global capital and liquidity for private debt in fast growing Economies. Founded in 2021, Arun Devarajan and his early team have run fintech businesses lending to MSMEs, managing market risk for Asian debt assets worth $100 billion, and managing funds worth $100 million. The team also has deep expertise in launching and scaling technology platforms that have reached millions of users, and have handled more than $2 billion in TPV across the globe. Before MoHash, the team has worked at Goldman Sachs, Samsung, Amazon, Oliver Wyman and India Stack. “MoHash is bringing global liquidity to non bank lending in high growth economies. We believe it’s the right rocket fuel that’ll help them double their economies in the coming years.”, says Arun Devarajan, founder and CEO of MoHash. Quona Capital and Sequoia Capital India co-led the round, which included participation from Jump Crypto, Hashed Ventures, Coinbase Ventures, Ledger Prime, and CoinSwitch along with Balaji Srinivasan, Sandeep Nailwal and Jaynti Kanani. Shailesh Lakhani, MD, Sequoia India commented: “MoHash is bringing real world assets to DeFi users globally and providing sustainable, uncorrelated, and hard to access yields on-chain for the first time. We think that this is exactly the type of product DeFi needs - one that leverages the strengths of blockchains and helps solve a real world problem. We’ve loved working with them over the past few months and Sequoia Capital India is thrilled to co-lead this financing.” While Ganesh Rengaswamy, co-founder and managing partner at Quona added: “MoHash’s DeFi protocol has been built for efficient liquidity provisioning across emerging markets at scale, which is very exciting to us at Quona. The solution has the potential to meaningfully bridge MSME funding gaps across the globe—starting with India—and we are delighted to be part of this company’s journey to do that.” About MoHash Founded in 2021, MoHash is a decentralized finance (DeFi) protocol that harnesses liquidity in cryptocurrencies for private debt in fast growing economies. MoHash is venture-backed start-up whose investors include Quona Capital, Sequoia Capital India, Jump Crypto, Hashed Ventures, Coinbase Ventures, Ledger Prime, and CoinSwitch along with Balaji Srinivasan and Jaynti Kanani. For more information please visit https://www.mohash.co/ About Quona Capital Quona Capital is a venture firm focused on fintech that can expand access for underserved customers and small businesses in emerging markets including Latin America, Africa and the Middle East (MENA), and South and Southeast Asia. Quona’s global partners are experienced investors and operators in both emerging and developed markets, and invest in entrepreneurs whose companies have the potential to provide outstanding financial returns and promote breakthrough innovation in financial inclusion for both consumers and SMEs. Quona got its start through a strategic relationship with Accion, a global nonprofit with a legacy in microfinance and fintech impact investing. About Sequoia Capital India Sequoia helps daring founders build legendary companies, from idea to IPO and beyond. Sequoia India operates in Southeast Asia and India where we actively partner with founders from a wide range of companies, across categories, including BYJUs, Carousell, Druva, Gojek, OYO Rooms, Tokopedia, Truecaller, Zomato and more. We spur founders to push the boundaries of what’s possible. In partnering with Sequoia, startups benefit from 50 years of tribal knowledge and lessons learned working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn and Stripe early on. From the beginning, universities, endowments and other non-profits have been the backbone of our investor base, which means founders’ accomplishments make a meaningful difference. For more information on Sequoia’s work in India and SE Asia, visit https://www.sequoiacap.com/india/ Contact Details MoHash Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.mohash.co/

June 30, 2022 08:56 AM Eastern Daylight Time

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Moose Cree First Nation Signs Ground-Breaking RPAS Technical Skills Training Agreement with Volatus Aerospace

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV:VOL, OTCQB:VLTTF) ("Volatus" or "the Company") is pleased to announce that it has signed an agreement on Monday, June 27, 2022 to provide ongoing RPAS technical skills training to Moose Cree First Nation members. The training activity will take place in the Moose Cree community and Volatus will mentor the nation in developing its critical skills and infrastructure for a robust RPAS business servicing the community. “Working with Moose Cree First Nation to establish an in-community base of trained RPAS operators is a very important first step in forming a foundation for a successful RPAS business” stated Rob Walker, Volatus COO. “We envisage Moose Cree’s RPAS capability developing into future cargo delivery, hot spot fire mapping, ice flow surveillance, search and rescue activities, and various infrastructure inspection capabilities.” Moose Cree Director of Economic Development, Stan Kapashesit stated: “We chose to work with Volatus and Indigenous Aerospace because of their broad knowledge base in all things RPAS. Their demonstrated expertise in pilot training, regulatory obligations and safety systems will prove invaluable as we look at our future growth into cargo operations, mapping, inspections, and search and rescue missions. We are proud to launch our RPAS initiative which will serve our community and build our knowledge and capacity to support growth and economic success.” About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information 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 Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

June 30, 2022 07:50 AM Eastern Daylight Time

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Talent Platform startup Supersourcing secures seed round to end the $1.3 trillion talent war for developers

Supersourcing

The talent war for developers and engineers has been raging for many years and is set to be worth over $1.3 trillion next year, but little has been done to resolve this business and talent challenge. In addressing this pressing concern Supersourcing, the world’s biggest talent marketplace for hiring remote engineers, has today raised $500,000 in a seed funding round to help early-stage startups and enterprises to employ the best remote engineering talent. Founded in February 2021 by Aditi Chaurasaia and Mayank Pratap, SuperSourcing is helping companies to discover engineering talent and to help retain it. They found the biggest challenges that prevent companies from hiring remote engineers centre on: credibility and quality of the the engineer is difficult to know and the cultural fit with company values. Supersourcing uses a community approach, connecting the benchpool of global talent provider companies with customers looking for engineers. To do this, it hosts a variety of SaaS tools for hiring, vetting, managing productivity and billing. Supersourcing also organises training and learning sessions for talent providers to grow their business and improve their quality of delivery. With over a decade of experience in IT, Mayank and Aditi started to develop the processes and technology to solve the problems. Having tested and piloted them with leading IT recruitment agencies, they focused on credibility of candidates and the pool of candidates to put forward for briefs. They created an AI-enabled platform for robust screening processes and Supersourcing was born. "If you ask any CIO or startup founder about their biggest challenge in building a successful startup, the answer will be hiring. The demand for remote talent surged during the pandemic. Every founder I talked to faced problems finding and managing the qualified remote engineers. This was the ultimate talent war and I have set out to solve this” said Mayank Pratap, the Co-Founder and CEO of Supersourcing. “Today, remote hiring of top remote engineers is just a few clicks away. All you have to do is post your requirement and our AI will connect you to the best-suited talent. Recruiters can engage them directly and start hiring in minutes. Supersourcing does all the heavy lifting doing the rigorous quality checks, indexing the agencies and candidate skills on the databases before recommendations are made for relevant projects that recruiters need resourcing for". Supersourcing is growing revenues 20% month on month and has $3M ARR. They have a talent pool of over 15,000 engineers and more than 3,000 talent partner companies to solve the global IT talent outsourcing problem. Supersourcing has helped 28 Unicorns, 32 YC-funded companies, 70+ Global VC fund portfolio companies, and over 500 customers to hire the best remote tech talent. These companies include: Uber, Gusto, Quora, Zoom, NextDoor, Instacart, Asana, Meta, Brex, Amazon, Google, Stripe, Dunzo, Swiggy, Khatabook, Stage, Appointy, Sequoia Capital among others. Supersourcing will use the funds to expand and scale operations to ultimately capture their market share and build a strong brand presence. "Every new round of funding is proof that we are heading in the right direction. The entire team at Supersourcing is super excited to gain mentorship from brilliant investors across the board. But, the problem we are solving is huge and there is a long way to go." said Aditi Chaurasia, the Co-Founder and COO of Supersoucing. The funding round included participation from KubeVC, Nitin Sethi (Chief Digital Officer, Founding Leader of Adani Digital Labs), Rajesh Gaur; (Head of Investment Solutions, Zoe Financial) Saurabh Gupta ( Senior Program Manager, Stripe), Arpit Bung (Technical lead, Guidewire) Sandeep Acharya ( Senior Manager IT Applications, Pidilite Industries Limited), Jaykumar Raithatha (Solution Architect, Workplace Safety and Insurance Board) Phani Priya Raju (Angel investor, HeadStart Network - LetsVenture) Sapan Singhai (Business Analyst, Infosys USA), Nikhil Sharma ( Principal Consultant, Capco). About Supersourcing With 9+ years of experience in the IT industry, we’ve identified a pain point that is caused by being unable to successfully outsource. The entire industry is affected by a lack of credibility. Supersourcing is built both for early-stage startups and enterprises looking for high-quality remote engineers to work on their projects. 7 out of 10 startups say that recruitment is their biggest challenge. Supersourcing leverages cutting-edge technology and a global network to turn the century-old paradigm upside-down. Welcome to the future of outsourcing. Contact Details Supersourcing Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://supersourcing.com/

June 29, 2022 09:11 AM Eastern Daylight Time

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