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Wishpond Q1 results include revenue growth and 39% increase in adjusted EBITDA

Wishpond Technologies Ltd.

Wishpond Technologies CEO Ali Tajskandar and CFO David Pais joined Steve Darling from Proactive to announce the company's consolidated financial statements for Q1 2024, representing the three months ended March 31, 2024. Wishpond achieved quarterly revenue of $6,050,263 in Q1 2024, an 8% increase from $5,623,817 in the same period of 2023. This revenue growth was primarily driven by organic growth, increased sales and marketing activities, and new product introductions. The company reported a gross profit of $4,128,922 in Q1 2024, a 12% increase from Q1 2023. Wishpond's gross margin percentage for Q1 2024 was 68%. The company achieved positive Adjusted EBITDA of $290,304 in Q1 2024, a 39% increase from Q1 2023. Wishpond has over $2 million in cash on hand, with the reduction in net cash due to earnout payments for businesses acquired in 2022, investments in the business, and changes in working capital. The company also announced the beta launch of its proprietary AI-powered sales platform, SalesCloser AI. The beta program has already seen several hundred businesses sign up. The platform can work 24/7 to engage leads, close deals, and service customers in ten different languages. SalesCloser can be adapted for use across various industries, including software/SaaS, professional services, financial services, education, travel and hospitality, insurance, and more. Wishpond expects to achieve record revenue and Adjusted EBITDA in 2024, driven by the increasing traction of its new Propel IQ bundled product, an expanded sales team, and new sales from the recently launched SalesCloser AI virtual agent. The company continues to have an active pipeline of sales opportunities and robust demand for its products. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

May 29, 2024 07:06 PM Eastern Daylight Time

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PathAI Expands Portfolio of AI-Powered Products, Announcing PathExplore™ IOP and IHC Explore™ Ahead of ASCO 2024

PathAI

PathAI, a global leader in AI-powered pathology, unveiled two novel AI products, PathExplore™ Immuno-Oncology Profiling (IOP) and IHC Explore 1 ™ to empower cancer drug developers and clinical researchers with AI-powered insights. The product pairing provides unprecedented single-cell and spatial resolution of the tumor microenvironment from routine pathology samples to facilitate biomarker discovery and deeper understanding of treatment response for the next generation of cancer therapeutics. The expansion of the Explore™ portfolio comes at a time when AI-pathology is experiencing accelerated large-scale adoption across the diagnostic and biopharma industries. “As cancer rates continue to rise, the demand for advanced precision medicine tools that provide accurate biological insights has never been greater. Our mission to make a difference in patient lives is unwavering, and these new products showcase our commitment to providing researchers with the tools they need to make meaningful advancements in cancer research, treatment and care,” said Andy Beck, PathAI CEO. “We're thrilled to introduce these two groundbreaking products ahead of the American Society of Clinical Oncology annual meeting.” PathExplore IOP: H&E-Based Immune Phenotyping The composition of the tumor immune microenvironment plays a crucial role in characterizing tumors likely to respond to immunotherapy. PathExplore IOP expedites characterization of immune phenotypes by quantifying tumor infiltrating lymphocytes (TILs) and their spatial distribution using routine hematoxylin and eosin (H&E) samples. With this new product, researchers have the ability to quantify TIL spatial arrangements within tumor core and periphery, and gain insights around the sample’s immune inflamed, desert, or excluded characteristics. PathExplore IOP was designed specifically to quantify patterns of immune infiltration characteristic of a strong immune response, and ultimately improved patient survival. Immune infiltration has been previously shown to be prognostic of positive outcomes, however; standardized and scalable approaches for investigating these phenotypes remained elusive. “PathExplore IOP illustrates the power of AI by visually interrogating the dynamics between cancer cells and immune cells with unparalleled resolution for highly accurate and efficient immune phenotype classification,” said Benjamin Glass, VP of Product & Translational Research. “Researchers can now access insights at scale to better inform biomarker strategies for patient stratification and mechanisms of response and resistance.” PathExplore IOP will be featured in a poster presentation at the upcoming ASCO 2024 meeting, demonstrating the product’s application for stratification of patient response to checkpoint inhibitors in non-small cell lung cancer. IHC Explore™: AI-Powered Biomarker Quantification Immunohistochemistry (IHC) is a widely utilized approach for identifying biomarkers unique to certain cancers, informing treatment strategies, measuring prognosis, and patient classification for clinical trials. IHC scoring in the early clinical settings can be time-consuming, subjective, and low-resolution. Especially in early stage biomarker development, defining an optimal scoring system for a novel IHC assay can be complex. IHC Explore™ fills a need for spatial quantification of IHC biomarkers in single-cell resolution with broad target compatibility. IHC Explore provides a panel of standardized and structured features that quantify IHC stain abundance within and around cells of the tumor microenvironment, enabling drug developers to build biomarker scoring strategies from scratch for most IHC stains – and to precisely find those patients most responsive to treatment. PathAI’s partnership with Roche streamlines the translation of these AI insights and scoring strategies into companion diagnostic development. “Drawing on our advanced computational pathology expertise, we're extending the impact of our Explore product suite, which enables us to seamlessly support AI-powered assay development,” said Hisani Madison, VP of Precision Medicine and Medical Device Development. “This advancement is poised to revolutionize biomarker-based drug development for new immunotherapies, antibody drug conjugates, and paving the way for the analysis of the next generation of targeted cancer therapies.” Accepted Abstracts at ASCO 2024 PathAI will be attending and presenting abstracts at the upcoming ASCO event in Chicago, IL. Visit PathAI’s booth in the Innovation Hub (IH18) May 31- June 4, 2024 to meet our team, learn more about AI-powered pathology, and engage with our scientists and collaborators at their respective posters. Footnotes 1 PathExplore™ IOP and IHC Explore™ are for research use only. Not for use in diagnostic procedures. About PathAI PathAI is the leading precision pathology company providing software and AI-enabled solutions to all pathologist stakeholders including laboratories, research institutions, and the biopharma industry. Developed with the input of hundreds of pathologists, PathAI’s digital pathology Image Management System, AISight, is the solution of choice for laboratories transitioning to digital workflows. Rigorously trained and validated with data from more than 15 million annotations, its AI-powered models can be leveraged to optimize the analysis of pathology samples to improve efficiency and accuracy of pathology interpretation, as well as to better gauge therapeutic efficacy and accelerate drug development for complex diseases. For more information, please visit www.pathai.com. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

May 29, 2024 10:00 AM Eastern Daylight Time

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PureFacts Financial Solutions Selects BridgeFT’s WealthTech API to Enhance Data Infrastructure for End-to-End Revenue Platform

BridgeFT

PureFacts Financial Solutions, a leader in revenue management, fees calculation, incentive compensation and insights for the asset and wealth management sector, announced today it has selected BridgeFT ’s WealthTech API to aggregate total wealth data to power and enhance PureFacts’s award-winning software for end-to-end revenue management. Through this partnership, PureFacts will leverage BridgeFT’s WealthTech API data infrastructure platform to: Secure efficient, direct access to normalized, accurate multi-custodial client and investment account data. Leverage that data to onboard and upgrade clients faster and more easily. Enrich data for enhanced AI and analytics BridgeFT capabilities will further support PureFacts in connection with its new partnership with BNY|Mellon’s PershingX, which recently announced that it has selected PureFacts to provide billing, fee reporting, advanced revenue management, incentive compensation and sales performance for its new wealth management platform, Wove. “We are committed to helping wealth management firms grow and succeed,” said PureFacts Chief Executive Officer Robert Madej. “As a global WealthTech company, we rely on clean, high-quality data to drive accelerated growth in new markets. Our partnership with BridgeFT will allow us to better service our clients while also streamlining and capturing data on their behalf more effectively.” BridgeFT is a cloud-native, API-first wealth infrastructure software company that enables financial institutions, fintech innovators and registered investment advisors (RIAs) to deliver better, data-driven outcomes for their clients. Its WealthTech API is the industry’s first WealthTech-as-a-Service platform, offering a single, open API to AI and analytics-ready, multi-custodial data aggregation, advanced analytics, and application services. WealthTech API removes the need for individual data feeds from a range of custodians and back-office providers, allowing wealth management firms and technology companies to create differentiated, next-generation wealth management applications. “PureFacts continues to break new ground for wealth and asset managers by fundamentally rethinking the complete revenue management lifecycle in order to increase revenue certainty and improve operational efficiencies through their best-in-class technology,” said Joe Stensland, Chief Executive Officer of BridgeFT. “We are thrilled to partner with the PureFacts team to enable streamlined access to critical client and investment account data that is foundational to integrating and automating the revenue process across the enterprise. Together, PureFacts and BridgeFT offer a unique combination of capabilities and expertise to help financial institutions and their teams achieve better business outcomes.” To learn more about this partnership, stop by the PureFacts Booth #617 at the 2024 BNY|Mellon Pershing iNSITE Conference from June 4-6, 2024, in Nashville, Tennessee. About PureFacts Financial Solutions Inc. PureFacts Financial Solutions is an award-winning provider of End-to-End Revenue Management solutions for the investment industry. PureFacts helps some of the largest and most recognizable wealth management, asset management and asset servicing firms manage and grow their revenues. The PureRevenue Platform enables scalable revenue management by powering the entire revenue lifecycle. Firms calculate, collect, distribute, incentivize and optimize their revenues using PureFacts AI-enriched fees engine, incentive compensation application and compelling revenue business intelligence powered by a single system of record for revenue management. PureFacts’ customers outperform by retaining more clients, delivering incremental value, improving productivity, properly incentivizing advisors and distributors, preventing costly mistakes and finding optimization opportunities. With offices in Canada, the USA, and Europe, PureFacts has been recognized for its innovation and excellence including selections to the WealthTech100, AIFinTech100, and ESGFinTech100 awards. Drive revenues. Eliminate leakages. Increase growth velocity. Learn more at www.purefacts.com About BridgeFT BridgeFT is a cloud-native, API-first wealth infrastructure software company that enables financial institutions, FinTech innovators, TAMPs, and registered investment advisors to deliver better, data-driven outcomes for their clients. Our WealthTech-as-a-Service platform, WealthTech API, makes wealth management technology better by accelerating, simplifying and reducing the cost of app development and maintenance, so our clients can focus on delivering next generation wealth management applications and unique digital experiences that amplify their differentiators. Leading financial services firms and technology companies trust BridgeFT to power their digital wealth management ecosystems and automate critical back-office operations seamlessly aligning multi-custodial data aggregation, advanced analytics and reporting, and application services to deliver truly personalized client experiences. For more information, visit bridgeft.com. Contact Details Media Inquiries For BridgeFT media@bridgeft.com For PureFacts Financial Solutions Inc. Martin Carignan, SVP Sales martin.carignan@purefacts.com Company Website https://www.bridgeft.com/

May 29, 2024 10:00 AM Eastern Daylight Time

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OneMeta's AI Transforms Global Communication With Cutting-Edge Translation And Transcription

Benzinga

By Meg Flippin, Benzinga Though it has its downsides, in the right hands, Artificial intelligence (AI) can help overcome communication barriers, enhance human interactions and automate complex business processes. Thanks to AI and machine learning, computers and digital devices can recognize, understand and produce text and speech. ChatGPT, the popular AI chatbot developed by OpenAI and Microsoft Corp. (NASDAQ: MSFT), is an example of the power of NLP – but it's not the only one. Translate And Transcribe In Seconds OneMeta Inc. (OTC: ONEI), the AI-powered translation and transcription services company headquartered in Bountiful, Utah, is making a name for itself thanks to its advanced technology that translates and transcribes spoken and written words in seconds across multiple languages. Its technology can be used in various settings and across industries, including education, finance, healthcare and legal. Whether attending a live event, participating in an online meeting or talking on the phone, OneMeta's technology offers real-time speech translation and transcription with live captions. Its VerbumCall product enables real-time translation over the phone in more than 150 languages. Meanwhile, VerbumOnSite enables attendees at live events to scan a QR code to access real-time captions in over 150 languages directly on their phones. Microsoft Likes It Then there’s Verbum for Microsoft Teams, which allows multilingual groups to come together in meetings. Each attendee chooses the language they are speaking in and the language they want to see captions and chat in. As each person speaks in their preferred language from a list of 95+ languages, it is translated in near real-time for the rest of the group. In April, OneMeta’s Verbum for Microsoft Teams received Microsoft Co-Sell Ready Status which means its product was added to Microsoft’s Teams store, AppSource Marketplace and the Azure Marketplace. That will likely boost the product’s recognition and drive sales. "Since OnceMeta just achieved Microsoft Co-Sell Ready Status we are seeing significant interest from potential customers who want to apply the Verbum software to their usage of Microsoft Teams in the 140+ languages we offer,” said OneMeta CEO Saul Leal. “We can bring our AI for translation and transcription to all enterprises without compromising privacy, compliance and data security," Alessandro Balzarelli, director at Microsoft Industry Solutions Engineering, concurred, saying the software giant expects to see Verbum’s adoption and growth by enterprises that need multi-language translation and transcription pick up. “Verbum empowers Microsoft Teams users to be more efficient and more inclusive within their own organizations and with their own customers," he said. After researching various niche industries where AI technologies would have a disruptive impact, OneMeta selected NLP technology to pursue because it believes it will have the most measurable impact and economic traction in the months to come. It's also a big business. In 2023, the global natural language processing market was valued at $24.10 billion. By 2032, it is expected to reach $158.04 billion, growing at a CAGR of 23.2% during the forecast period. Breaking Barriers, Landing New Customers OneMeta is also constantly enhancing its technology to be even faster and more seamless. That drive was on display recently when the company announced it reduced the translation and transcription speed of over 150 languages and dialects to less than 200 milliseconds. OneMeta said the breakthrough allows for the near-instantaneous interpretation of spoken content into multiple languages simultaneously, all on the same audio channel. The process is so swift it is virtually unnoticeable to both listeners and readers, surpassing the speed and accuracy of human interpreters and any existing competitive technologies, OneMeta reports. “Unlike traditional human interpreters who need to hear a full sentence before beginning translation, our technology operates on simultaneous near-real-time interpretation. This means audiences can follow conversations in real-time without the delays typically required for translation,” said Leal. “As a result, meetings can proceed at their scheduled pace, potentially reducing the time spent in meetings by up to 70%. This efficiency not only streamlines communication but also represents significant cost savings for our clients in their interpretation and translation budgets." The benefits were enough for OneMeta to land the Archdiocese of Oklahoma City as a new customer. The Archdiocese is using Verbum translation and transcription services to communicate with its multicultural parishioners. OneMeta expects more Archdioceses in many countries to adopt its technology. AI is here to stay, and while there are reasons to be concerned, with the right companies this technology can disrupt and transform industries, break down communication barriers and connect the world wherever people are. OneMeta recognizes the power of AI and has created a stack of AI-driven products that remove the language barriers that keep people apart. With demand for NLP growing, the OneMeta story is one to watch. Featured photo by Markus Spiske on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 29, 2024 08:45 AM Eastern Daylight Time

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City-Owned Utility Selects Siyata Mobile’s (NASDAQ: SYTA) Budget-Friendly Mission-Critical PTT Handset To Connect Its Workers And Keep Utilities Running Smoothly

Siyata Mobile Inc.

By Faith Ashmore, Benzinga When we think of extreme careers, we may not automatically think of utility work, but we should. Utility fieldwork is one of the most demanding jobs, and it can involve working in extreme conditions or following disasters. When anything goes wrong and utilities – like natural gas, water, sewage or refuse collection – go offline, the public needs utilities on as soon as possible. This is where effective communication is essential for field crews to stay in constant communication and respond to situations with ease. Land Mobile Radios (LMR) have been the traditional communication solution used by field workers for many decades. However, these handheld radios were big, bulky and costly to carry around, making them cumbersome for everyday use. Push To Talk (PTT) radio coverage provided by LMR technology was also often limited to a short distance, usually covering one city or one county, and was prone to no coverage zones, where communication was unreliable. The limitations of LMR technology have been a source of frustration for field workers, dispatchers and their command staff. A few years ago, some industries switched to smartphones to ensure constant communication, but even that has not panned out as expected. Smartphones have apps and capabilities that are not needed and can be a distraction for many workers, and many smartphones are less weather-resistant than other communication devices that are designed to endure extreme conditions. The Public Utilities department from Lancaster, Ohio, recently selected Siyata Mobile Inc. (NASDAQ: SYTA) (“Siyata”), a global developer and vendor of mission-critical Push To Talk (PTT) over Cellular handsets and accessories, as a communications solution. Utility workers there support the city’s natural gas, water, wastewater treatment, stormwater drainage and refuse collection. They will now be using Siyata’s SD7 mission-critical PTT handsets, which will replace previously used two-way radios that operated on their own radio network. This department decided to switch to Siyata's handsets due to the cost savings and operational benefits they offer. Previously, the Public Utilities department would purchase two-way radios for approximately $2000 per unit. After conducting a Total Cost of Ownership analysis, the city concluded that moving to Push-to-Talk over Cellular (PoC) using FirstNet Extended Primary PoC service would be more cost-effective. FirstNet is the perfect network to support communications needs when critical infrastructure needs to be fixed or installed. The Siyata SD7 Handset was deemed the ideal device choice for the city's Public Utilities staff. It is affordable through FirstNet since its price and the PTT service were spread over 24 months, and it is rugged and simple to use – similar to two-way radios – making it a good fit for staff who were already accustomed to using radios. Also, the SD7 handsets work seamlessly with Siyata’s VK7 Vehicle Kits used in their trucks. Charlie Mullett, Traffic Control Supervisor from Lancaster’s Department of Transportation, commented, “We chose the Siyata SD7 unit along with the VK7 Vehicle Kit because we like the versatility of having the high performance PTT Communication as a mobile rugged handheld or as a docked unit in our transportation vehicles. We also chose them because of the FirstNet ready capability. They have worked well for our needs and we have received great customer service and support from the FirstNet Solutions Team.” The SD7 handsets and VK7 Vehicle Kits have already been integrated into the crew's day-to-day operations. With a track record as a pioneer in the industry and with solutions catering to various uses in a wide variety of industries, Siyata has earned its reputation for reliability and versatility. Featured photo courtesy of Knelson20 on Shutterstock. Siyata Mobile Inc. is a B2B global vendor of next-generation Push-To-Talk over Cellular devices, cellular booster systems, and video monitoring solutions. Its portfolio of in-vehicle and rugged devices enables first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives.Its portfolio of enterprise-grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signals in remote areas, inside structural buildings where signals are weak, and within vehicles for the maximum cellular signal strength possible.For its video monitoring system, Siyata integrates software that we license with off-the-shelf hardware providing our customers with an integrated advanced camera system for management and visual monitoring of their fleet vehicles. This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata's current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Siyata's filings with the Securities and Exchange Commission ("SEC") and in subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Brett Maas SYTA@haydenir.com

May 29, 2024 08:30 AM Eastern Daylight Time

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Classiq collaborates with Hewlett Packard Enterprise on Hybrid Quantum Simulation

Classiq Technologies

Classiq, a leading quantum software company, announced it has developed a rapid method for solving large-scale combinatorial optimization problems in collaboration with Hewlett Packard Labs, the central research community of Hewlett Packard Enterprise (HPE), the result of joint research on the integration of high performance computing (HPC) and quantum computing. The rising level of maturity on the diverse approaches to quantum computation is now raising questions about how to productively integrate leading edge quantum and classical HPC approaches to solve important problems to the top of the research agenda. As the demand for sophisticated computational solutions increases, the integration between HPC and quantum computing is becoming crucial. From scheduling and orchestration to hybrid computation, these two approaches are converging, creating opportunities for innovative solutions to complex problems. This collaboration between Classiq and Hewlett Packard Labs exemplifies the potential of combining state-of-the-art classical and quantum algorithms to achieve superior results The hybrid approach uses the HPE Cray Supercomputing EX system and the massive parallel execution efficiency of HPE Cray Programming Environment for high performance computing along with the Classiq synthesis engine's ability to synthesize Quantum Approximate Optimization Algorithm (QAOA) circuits to achieve noteworthy results. This solution encapsulates smaller problems to formulate an optimal approach for large-scale challenges. By merging classical and quantum algorithms, this method demonstrates a significant improvement in solving real-world problems efficiently and how to make the potential advantages of quantum acceleration readily available in the HPC data center. The work will be showcased in the paper titled “Hybrid Classical-Quantum Simulation of MaxCut using QAOA-in-QAOA,” to be presented on the 31st May at the Q-Casa workshop at the IEEE IPDPS Conference in San Francisco. “This collaboration is a testament to the power of combining cutting-edge quantum and classical computing technologies. We are incredibly proud of the work we have done together, which not only showcases the potential of hybrid computation but also demonstrates tangible efficiency improvements,” said Nir Minerbi, CEO of Classiq. “The findings in this paper are a significant step forward in accelerating the integration of quantum computing into mainstream applications.” Integration of the Classiq engine as backend to Hewlett Packard Labs quantum programming environment will enable abstract, optimized and scalable quantum/HPC software development. By continuing to innovate and develop new solutions, both companies aim to drive the accelerated integration of these key computational technologies, paving the way for future advancements in various industries. HPE’s venture capital program, Hewlett Packard Pathfinder, made a 2022 investment in Classiq. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC and quantum simulators. Backed by investors such as Hewlett Packard Enterprise’s Hewlett Packard Pathfinder venture capital program, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, visit the Slack community, GitHub repository and website, www.classiq.io to learn more. Contact Details Rainier Communications Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website http://www.classiq.io/

May 29, 2024 08:05 AM Eastern Daylight Time

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Alta Global Group: Hype Acquisition Will Help Unlock The Unparalleled Opportunity To Convert 640 Million Combat Sports Fans To Participants

RazorPitch MMA

The martial arts and combat sports industry is on the rise, fuelled by the popularity of MMA, currently one of the world's fastest-growing sports. The rising popularity of the sport has opened up significant opportunities, with a recent IBIS sport report revealing that there were 45,000+ martial arts and MMA gyms by 2023 in the US which generated over $12.6 billion. That number is, however, expected to skyrocket to more than 67,000 by the end of next year, which illustrates just how massive an opportunity this could be for players in the sector. Alta Global Group (NYSE:MMA) is well positioned to benefit from this growth as it enables the broader global martial arts and combat sports industry to maximize their monetization opportunities by increasing consumer participation in the sport. Through Trainalta.com, powered by the Alta Community Platform, Alta offers martial arts and combat sports programs such as the Warrior Training Program and UFC Fight Fit Program, supported by strategic partnerships with gyms, coaches, athletes, and influencers to facilitate effective communication, curated content, and easy onboarding. The platform enhances both digital and in-gym experiences, enabling seamless community engagement. The renowned Warrior Training Program, running in gyms across the US, Ireland, Australia, and New Zealand, operates through a revenue-sharing model with gym owners, culminating in a sanctioned amateur MMA final fight night, catering to beginners seeking fitness and lifestyle changes. Alta also owns mixedmartialarts.com, following a recent acquisition in November 2023. This acquisition has given its portfolio significant strength through leveraging mixedmartialarts.com’s top 3 global ranking, 530,000 user profiles, 15 million views, and over 5 million social media followers to actively engage fans and help support gyms, coaches, and participants. Here’s a clearer snapshot of its digital reach: In what is no doubt another major corporate milestone, Alta recently reaffirmed its commitment to unlocking the unparalleled opportunity to convert 640 million MMA sports fans to participants by announcing its strategic acquisition of Hype for an undisclosed sum. Hype is essentially a subscription based mobile marketing platform designed specifically for small businesses looking to supercharge their growth by harnessing the power of social media. This mobile-first platform combines the functionalities of a mobile website builder, like Linktree, with the core email and SMS marketing capabilities of CRM systems like HubSpot, while also providing an integrated payment system. Being a mobile-first solution makes Hype perfectly suited for owner-operators who manage much of their business on their phones, making it especially ideal for combat sports gyms. For Alta, Hype’s value proposition is that it’s going to help gyms grow participation in combat sports by allowing the gyms to increase engagement with their members, acquire and retain them without the hassle of bundling different products and platforms. That means that gyms can become more efficient and better positioned to grow their own revenues. Fortunately, Alta has been able to bring on the development team as well as the founder, Nick Chen. With Hype's expert team now joining Alta, the company gains invaluable in-house technology expertise, replacing the previously outsourced team and fortifying Alta's capability to deliver cutting-edge technology solutions for the combat sports sector without additional costs. To better illustrate why Hype’s acquisition is so compelling for Alta, consider this. The platform was previously funded by venture capital, receiving over $22 million in investment, including for the launch, which reaffirms investor confidence in the potential of the product. So far, Hype has processed over $40 million in payments through its platform, helped businesses collect over 4 million contacts, and is currently generating approximately $200,000 annually in recurring revenue. By integrating this technology into its existing platform, Alta estimates it could accelerate its technology roadmap by at least 18 months, delivering many millions of dollars in technology capex and development cost savings, while reducing customer acquisition costs for its partner gyms. Alta CEO and founder Nick Langton underscored the significance of the acquisition: "This acquisition represents a pivotal moment for Alta. To be able to put this technology in the hands of our valued gym partners, we believe will be a game changer for them to grow revenues and more effectively engage with their members. We expect this transaction to materially accelerate Alta's mission to convert more fans into participants and drive more shared revenue opportunities. Under Nick Chen's leadership, the Hype team has created a market-leading platform that we believe is perfect for owner operators who run their businesses on their feet from their mobile devices. We believe this is the perfect tool to help combat sports gym owners supercharge their business." As mentioned before, it's not only gyms that will benefit from this platform. Hype's technology solution extends well beyond the martial arts and combat sports sector. It has proven utility and established customers, giving Alta the ability to unlock further opportunities by targeting small businesses globally as well as potentially applying the platform to other local and community sports. In fact, Hype reimagines a future of multiple product categories simultaneously across a $100 billion market for small business software. Following the acquisition, Alta will distribute the Hype product offering across its extensive community of over 500 partner gyms and thousands of coaches and athletes globally across the Alta Platforms. Alta believes that this acquisition presents a significant opportunity to launch a new SaaS offering for its gym, coach, and talent partners, further increasing the embedded revenue opportunity that exists from each gym, coach, and talent relationship on our platform. The company has already proven that its Warrior Training Programs deliver at least $24,000 in gross revenue per program. Therefore, Hype’s acquisition will only fuel further revenue growth. According to Alta’s projections, each active gym could potentially generate $88,000 in annual revenue now that the company is launching new membership tiers. As of January 2024, the company had over 500 active gyms globally that had claimed their profile and signed T&C’s on the platform, illustrating the scale of the revenue potential here. Alta currently has a market capitalization of only about $41 million, but it certainly appears there’s room for movement to the upside going forward. It is also important to note that Hype’s acquisition ties in well with its recent successes in creating iconic partnerships with some of the most high-profile and respected identities in MMA, who are helping it to amplify its brand and drive platform adoption. These include the company’s recently announced investment from five-time MMA world champion Conor McGregor. McGregor's investment and endorsement come at a pivotal moment as Alta embarks on rolling out its transformational Warrior Training Program across the US. He will be lending his support to Alta's flagship 20-week Warrior Training Program. In a recent video post on social media, McGregor urged MMA fans to embrace martial arts training through Trainalta.com, emphasizing the platform's role in providing a space for learning and camaraderie. He highlighted Trainalta.com as an essential organization in the martial arts space, supporting MMA gyms worldwide, underscoring Trainalta.com's commitment to fostering a vibrant community of martial artists and combat sports enthusiasts while revolutionizing training experiences globally. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained by the company to assist in the production and distribution of this content. 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RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Inc Mark McKelvie +1 585-301-7700 Mark@RazorPitch.com Company Website http://razorpitch.com

May 29, 2024 07:00 AM Eastern Daylight Time

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Halving of BTFS Storage Rewards

BitTorrent

Singapore, May 28, 2024 – To sustain the growth and success of the BitTorrent ecosystem, BTFS is set to implement a halving on the next round of rewards for storage miners on the BTFS network. From 00:00 (UTC) June 25, 2024, the daily rewards for storage miners on the BTFS network will be halved from 15 billion BTT to 7.5 billion BTT. The BitTorrent File System (BTFS) is a decentralized file storage system that utilizes blockchain technology and peer-to-peer transmission. It allows users to store their files across multiple nodes in a distributed manner, enhancing file security and reliability. BTFS also offers rapid file transfer and access, giving users greater convenience in managing and sharing files. By integrating key features of the BitTorrent Chain (BTTC), such as cross-chain connectivity and multichannel payment options, BTFS significantly enhances user experience. Currently, the BTFS network is experiencing rapid growth with over 8 million nodes across the network, including more than 6 million super miners, according to BTFS SCAN. To support the efficient operations of these nodes, BTFS initiated a rewards program and has provided an aggregate of 25 trillion BTT since the launch of BTFS Mainnet in 2019. Every two years, the BTFS rewards halving will occur causing the rewards for all storage miners across the network to be cut in half. (Halving roadmap) Moreover, halving will also prompt miners to improve node performance by optimizing node operation and reducing waste. In addition, an upgrade of the official website for the BTFS technical community and the release of BTFS v3.0 Mainnet will be scheduled in sync with the halving. These developments are expected to improve the efficiency of the BTFS protocol, expand the user base, and enhance its overall functionality. Looking ahead, BTFS is committed to continuously refining its storage rewards strategies. The goal is to expand the network of nodes participating in file storage on BTFS, providing developers with an efficient, secure, and reliable storage solution boosting both the capacity and the transaction efficiency of the BTTC network. About BTFS The BitTorrent File System (BTFS) is both a protocol and a web application that provides a content-addressable peer-to-peer mechanism for storing and sharing digital content in a decentralized file system, as well as a base platform for decentralized applications (Dapp). The BTFS team has been working on the latest network operations and BTT market sentiment, etc., to make a series of dynamic adjustments such as upload prices and airdrop reward schemes. About BitTorrent Founded with a leading peer-to-peer sharing technology standard in 2004, BitTorrent, Inc. is a consumer software company based in San Francisco. Its protocol is the largest decentralized P2P network in the world, driving 22% of upstream and 3% of downstream traffic globally. Its flagship desktop and mobile products, BitTorrent and µTorrent, enable users to send large files over the internet, connecting legitimate third-party content providers with users. With over 100 million active users, BitTorrent products have been installed on over 1 billion devices in over 138 countries worldwide. Since November 2018, TRON (TRX), Binance (BNB), and Bitcoin (BTC) holders have the opportunity to purchase one-year subscriptions of BitTorrent or µTorrent products, including Ads Free and Pro for Windows. Pro includes anti-virus and anti-malware screening, file converting and playability in HD. Users can visit bittorrent.com or utorrent.com to learn more. Website | Telegram | Medium | X | Media Contact John Chen press@bittorrent.com Contact Details John Chen press@bittorrent.com

May 28, 2024 07:53 PM Eastern Daylight Time

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Bitcoin's Price Movement Falls Short Of FLOKI's Surge. What's In Store For The Upcoming Meme Coin Raboo?

Total Media

The current 2024 cycle has experienced wild and crazy price rallies from cryptocurrencies of most sectors. Specifically, meme coins, but also AI, social Fi, and utility tokens. What does that mean for meme tokens such as FLOKI and Raboo ($RABT) an AI powered meme coin at the intersection of SocialFi, MemeFi and AI? Bitcoin: Post Halving Fever or Crypto Winter? For the past few months, Bitcoin has surged up to 90% YTD - a strong signal of its bullish momentum. Nonetheless, that's still slower than the crypto market average - with meme coins such as FLOKI rallying over 500%. Historically, post halving season, Bitcoin surges to a parabolic bull run yet in this year, despite almost a month since halving, Bitcoin ranges between $60K -$72K. Is it possible the halving flow has changed? Or is the increase in meme coins disrupting the Bitcoins rhythm. This recent change has investors worried with mixed reactions. Some predict that for the next few weeks/ months the currency could go lower. Alternatively, some claim the bottom is in and it's up only from here. Their jury is that below $60K the mining rates become unsustainable for miners hence can't go below that. The current bearishness could be just a slight pullback. Or it could be a summer winter. After all, most traders agree the summer season doesn't offer good trading opportunities. It's also possible this is due to sucked out liquidity going to meme coins. Currently, traders and investors are aware that strong meme coins such as FLOKI and Dogecoin influence market movements and too much liquidity injected into them is unhealthy for the overall situation. Therefore, while indeed Bitcoin is painfully slow and confusing at the moment, it'll be back and strong when, once again, the meme coins allure fades. Is FLOKI the New Dog of Memes or just a Fad? As one of the major meme coins on the market, FLOKI had a rally of over 500% since the start of the year. This propelled FLOKI into the top 5 largest meme coins and makes it entirely enticing to investors who are always seeking astronomical gains from the crypto trenches. The current world of alt coins shows that the Meme coins sector is one of the fastest growing and most promising for future investors to reap big for small capital. As such, FLOKI is one of the stronger meme coins in this bull cycle and should be a good investment. Better yet, new meme coins such as Raboo offer the best returns on investment. Is this rally good for Raboo? As a new cryptocurrency going mainnet in a bull cycle, $RABT - is a promising token to capture the hearts of crypto investors as it's everything going well for the current market. Raboo is a play to earn token that is at the intersection of meme coins, AI and social Fi. It's also a utility token as users earn cryptocurrency by interacting with the token. The more one is active and scales through levels, the more they earn. As a community oriented platform, Raboo also offers token merchandise and presale buyers also get to receive customized NFTs. The token's smart contracts are secured by SolidProof - a leading Blockchain security company based in Germany. Its base starting price was $0.003 and continues to grow as current presale price is $0.0042. This is a promising token, with experts projecting an increase almost 250% during pre-sale season. Conclusion In the end, there's no cause to worry over Bitcoin, and we can expect positive returns from the crypto markets. Raboo, as a new token that has raised over $1.5M during their presale, is a good investment that could offer over 100x returns especially for presale buyers. Expert analysts predict that it could surge to over 10,000% once the token launches on major exchanges. You can participate in the Raboo presale here Telegram: https://t.me/RabootokenPortal Twitter: https://twitter.com/Raboo_Official Contact Details Total Media Solutions media@Totalsolutionspr.io

May 28, 2024 05:32 PM Eastern Daylight Time

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