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A Detailed Look At Givex Corp’s Expanding Global Presence

Benzinga

By Austin DeNoce, Benzinga Givex Corp. (OTCQX: GIVXF) (TSX: GIVX) is a comprehensive cloud-based global customer engagement and business insights platform. By providing crucial data insights and solutions across sectors, it aids merchants in enhancing customer engagement, optimizing point-of-sale (POS) strategies and streamlining payment processes. This multifaceted approach allows businesses to boost sales and make informed decisions that further their growth. However, Givex's influence isn't limited to its software offerings. The company's vast network, comprising over 124,000 active merchant locations, underscores its global footprint. Collaborations with distinguished brands such as Marriott International (NASDAQ: MAR), Best Western, Shell PLC (NYSE: SHEL) and Wendy's Company (NASDAQ: WEN) serve as a testament to Givex's quality and scalability and the trust it has garnered over the years. Historical Consistency And Forward Thinking Founded in 1999, Givex's trajectory under CEO Don Gray has been marked by both reliability and innovation, and the company reports it achieved profitability in year one. The company has achieved consistent profitability, an admirable feat in any market. But it's not just about past success – with a churn rate of less than 1%, Givex has demonstrated an ability to adapt and serve its partners, fostering enduring relationships in a competitive environment. Robust Technology, Diverse Solutions At its core, Givex is a tech-driven company. Its offerings span customer engagement, POS and payment solutions. With a suite ranging from omnichannel POS to stored value ticketing, Givex presents a holistic approach to merchant solutions. Backing this diverse range is its technological infrastructure. Fifteen data centers globally promise a near-perfect uptime of 99.9%, ensuring continuous transaction processing. This dedication to tech is evident in the over 1,100 integrations it offers, facilitating a seamless blend between Givex solutions and third-party platforms. Furthermore, Givex's platform facilitates integration with third-party solutions. It is compatible with various external platforms, including Squarespace, DoorDash Inc. (NASDAQ: DASH), Postmates, PayPal Holdings, Inc. (NASDAQ: PYPL), Skip the Dishes, Moneris, MLBAM and Shopify Inc. (NYSE: SHOP), providing merchants with integration options. Financial Fortitude And Future Growth A deep dive into Givex’s financials suggests the company has been both prudent and growth-oriented. Its Q2 2023 results highlight this with a 15% increase in revenue to $19.4 million and a 75% decrease in net loss, narrowing it down to just $978,000. The company's success also shines through in its six-month period metrics, where revenue surged by 16% to $38.6 million and net loss was reduced by 66% to $2.2 million. Notably, its focus on reducing Employee Compensation as a percentage of gross profit reflects its commitment to improve profitability. Finally, a robust cash balance provides operational stability, while an EV/EBITDA of 5.5 and an EV/Revenue of 0.5 signal healthy profitability metrics. Moreover, a 24% growth rate, culminating in a revenue of $72.9M in 2022 indicates a firm that seems positioned for continued growth. Givex's strategy encompasses strategic acquisitions, high-margin service upselling and augmenting its active merchant locations – painting a promising picture for potential investors. Value-Addition Through Strategic Subsidiaries Givex's strength is amplified through its subsidiaries. Kalex, with over 15,000 client locations in Canada including top brands like Burger King (NYSE: QSR) and Taco Bell (NYSE: YUM), and Loyalty Lane's CRM solution, serving over 2,000 grocers, further cement Givex's position in the market. Subsidiaries like Owen Business Systems, Pi Cash Systeme and Easy Information Solutions, with their respective specialties, offer a multi-pronged approach to service delivery, ensuring that Givex's reach isn’t just wide but also deep. Market Position And Future Outlook Notably, Givex isn't resting on its laurels. The company recognizes the massive potential as businesses continue to transition from legacy systems to cloud-based solutions. With a foundational ethos centered on making transactions meaningful, Givex's strategy is to capitalize on this market shift. Its growth plans encompass accelerating growth through strategic acquisitions, merchant acquisitions via multiple channels and upselling high-margin services to its extensive client base. When combined with its extensive service suite, including Gift Cards, GivexPOS and Loyalty Programs, Givex appears poised for sustained growth. For investors, Givex Corp. may present a dual opportunity – a company with a track record of growth which now seems poised for a new phase of expansion and innovation. The convergence of consistent performance, technological prowess, strategic planning and market positioning make Givex a compelling consideration for the discerning investor. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 20, 2023 09:00 AM Eastern Daylight Time

Independent Clinical Study Confirms Cue Health’s COVID-19 Test Is As Accurate As a Lab Test

Benzinga

By Rachael Green, Benzinga A new study published in Microbiology Spectrum put Cue Health’s (NASDAQ: HLTH) COVID-19 test head-to-head with lab-based PCR tests, which have become the gold standard in diagnostic accuracy for the virus — and found that, when used at the point-of-care, the Cue COVID-19 Test demonstrated 99.4% accuracy compared to the lab tests. The independent study serves as yet another major validation for the COVID-19 test, which officially became the first to receive D e Novo authorization from the FDA for home use this past June. Study Confirms Cue COVID-19 Test Is As Accurate As PCR Test, As Fast As Rapid Antigen Test The peer-reviewed study was the largest of its kind on asymptomatic people, comparing the Cue COVID-19 Test to a lab-based PCR in over 3,000 patients at multiple clinical sites, the majority of whom were not showing any symptoms of COVID. Across that wide sample base the reported overall accuracy rate was 99.4%. Moreover, while a lab-based test can take hours or days to deliver results, the entire diagnostic process using Cue’s platform took just 25 minutes, including the time spent collecting the sample. Typically, that kind of speed comes with a tradeoff in accuracy. While PCR lab tests are the gold standard in accuracy, rapid antigen tests – which are less sensitive than PCR tests but easier to use – have been the gold standard in speed and ease of use. Antigen tests can deliver results in as little as 15 minutes, but they only have an accuracy rate of about 80% overall and among people not currently showing symptoms, that accuracy drops even lower to just 39%, according to at least one study Because of this lower accuracy, users are typically advised to take another test a couple of days after receiving a negative result from an antigen test to make sure they really don’t have COVID. That couple of days could not only delay the time to treatment but it also creates a window of time where the person could unknowingly infect others if they do, in fact, have COVID. So the at-home available Cue test, which makes it so easy to collect and test samples that anyone can do it without special training, is able to merge the accuracy of a lab PCR test with the speed and simplicity of an at-home rapid antigen test. At clinics and hospitals, the portable Cue Reader and COVID-19 test cartridges and swab require no special training to use and can deliver results in 20 minutes. Instead of scheduling a lab test and waiting days for the results, healthcare providers can get a diagnosis right away and send the patient home with the right prescription and treatment plan rather than waiting days to hear back about lab results. At home, consumers can skip the point-of-care visit altogether and instead get a Cue Reader and a stash of COVID-19 test cartridges to keep at home. Whenever they think they might have been exposed, they can take a simple-to-use test at home and get the result in 20 minutes. After that, they can connect with a healthcare provider right from the Cue Health App to discuss the result, come up with a treatment plan and have any necessary prescriptions delivered right to their doorstep. “Narrowing the time interval from test to treatment accelerates how quickly the patient can begin convalescence and return to work, which reduces overall economic stress,” the researchers wrote in the study, adding that this “has particular benefit to at-risk communities where other health and community resources, including testing, can be limited.” The researchers also noted that the high accuracy, especially the lack of false negatives, means Cue’s test could help curb the spread of COVID. People can get reliable results even before they start showing symptoms and begin isolation, masking, and other best practices for avoiding passing the infection on to others — a crucial factor missing from antigen tests. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. The Cue COVID-19 Test for CLIA Certified Healthcare Providers and Laboratories (Cue COVID-19 Test) and the Cue COVID-19 Test for Home and Over The Counter (OTC) Use have not been FDA cleared or approved, but they have been authorized by FDA under an Emergency Use Authorization. These products have been authorized only for the detection of nucleic acid from SARS-CoV-2, not for any other viruses or pathogens. The emergency use of these products is only authorized for the duration of the declaration that circumstances exist justifying the authorization of emergency use of in vitro diagnostics for detection and/or diagnosis of COVID-19 under Section 564(b)(1) of the Federal Food, Drug and Cosmetic Act, 21 U.S.C. Â§ 360bbb-3(b)(1), unless the declaration is terminated or authorization is revoked sooner. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 20, 2023 09:00 AM Eastern Daylight Time

SSV Capital "can be a really influential company going forward"

SSV Capital Ltd

SSV Capital Non-Executive Director Chris Bullock visits the Proactive London studio to speak with Thomas Warner about what he is hoping to bring to the nascent ESG-focused business. Bullock shares some insights into his role and the company's focus on ESG (Environmental, Social, and Governance) principles. With nearly five decades in the commercial sector, Bullock says his expertise lies in ESG and sustainable matters, particularly within startups and SMEs. He explains that he was drawn to SSV Capital due to its commitment to ESG, its innovative vision, and the passionate leadership of founder Ankur Ghosh. Bullock emphasises the importance of sustainability, viewing it as synonymous with longevity. He gives the example of the environmental impact of digital transactions, noting the carbon footprint of credit card creation. Bullock believes that SSV Capital can become a significant influencer in the FinTech and PropTech arenas, leveraging ESG principles to drive innovation and sustainable growth. He concludes by saying that he believes SSV Capital "can become a really influential company going forward." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

October 20, 2023 03:00 AM Eastern Daylight Time

Video

News Release

LiDAR and EYE Safety Explained by Dr. Jun Pei: CEO of Cepton, Inc

Cepton Inc

Cepton, Inc's co-founder and CEO Dr Jun Pei joined Steve Darling from Proactive to delve into the convergence of LiDAR technology and eye safety. Addressing concerns about LiDAR's impact on human eyes and its role in eye safety, Dr. Pei outlined the company's approach to ensuring safety standards are met. Dr. Pei emphasized that all devices placed on vehicles must adhere to regulatory eye safety standards. He clarified misconceptions about the impact of different wavelengths on safety, highlighting that safety involves a combination of factors including power, pulse rate, and exposure time, in addition to wavelengths. Dr. Pei pointed out that Cepton, Inc's choice of 905nm wavelengths for their LiDAR technology is not only for safety but also due to other advantages, such as lower power consumption and reduced heat generation, which align with AI safety thresholds. This interview with Dr. Jun Pei provides valuable insights into Cepton, Inc's dedication to eye safety, the rationale behind using 905nm LiDAR technology, and the importance of transparently assuring customers of the safety and reliability of their products through third-party validation and data-backed evidence. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

October 19, 2023 12:32 PM Eastern Daylight Time

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News Release

Rocketfuel Payment Solutions announces financials showing record numbers

RocketFuel Blockchain

Rocketfuel Payment Solutions CEO Peter Jensen joined Steve Darling from Proactive to share news about the company's record-breaking financial performance. In the first quarter of 2023, RocketFuel reported revenue of $235,459,000, reflecting a remarkable growth rate of 127% compared to the previous quarter. Jensen highlighted that this revenue represents a 28X increase from the same quarter in the previous year. Additionally, the company is pre-announcing anticipated revenue figures of $765,000 for the second quarter of 2023, which, if achieved, would be a 225% increase compared to the previous quarter and a 17X increase from the same quarter last year. RocketFuel's significant growth can be attributed to the acquisition of multiple large new customers and the expansion of services provided to existing customers. These results indicate the company's strong performance and its ability to capture a larger market share in the payment solutions industry. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

October 19, 2023 12:28 PM Eastern Daylight Time

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News Release

Phunware announces key client VHC Health has signed a 5 year contract renewal

Phunware Inc

Phunware Chief Operating Officer Randall Crowder joined Steve Darling from Proactive to share details the company has announced a significant five-year contract renewal. The company has renewed its contract to license its digital front door and patented location-based services to VHC Health, a leading healthcare provider in Virginia. Phunware's Digital Front Door includes several key components, such as a mobile application designed for both iOS and Android platforms, optimized for healthcare. It provides essential features like wayfinding to navigate VHC Health's main campus with real-time instructions, integration with MyChart, which allows patients to access vital medical information, and access to Physician and Services Directories. This renewal strengthens the ongoing partnership between Phunware and VHC Health, helping to enhance the healthcare experience for patients in the region. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

October 19, 2023 12:22 PM Eastern Daylight Time

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GLOBAL ENGINEER GIRLS ACHIEVES MILESTONE IN KOSOVO TOWARDS GENDER EQUALITY IN STEM

Limak

GLOBAL ENGINEER GIRLS ACHIEVES MILESTONE IN KOSOVO TOWARDS GENDER EQUALITY IN STEM Prishtine, October 18, 2023 - Global Engineer Girls (GEG), the international philanthropic initiative aiming to improve women’s representation in Science, Technology, Engineering, and Mathematics (STEM), proudly announces the graduation of 20 young women from its flagship program in Kosovo. Implemented by Limak Group in partnership with the UNDP in Kosovo, GEG Kosovo empowers young women and girls enrolled in STEM education and provides them with opportunities to gain crucial experience in a male-dominated industry. The project aims to inspire the next generation of female engineers, and highlight the strides made towards gender equality in STEM education. The graduation ceremony marked the successful completion of a year-long journey of scholarships, training, mentorship, and internships, all provided by GEG Kosovo. The ceremony also highlighted the projects undertaken by the girls during their participation in the program, including digital communication, effective team management, personal brand-building, communication, and interpersonal skills. These projects serve as compelling evidence that extending opportunities to girls is a vital way to prepare them for successful futures in the STEM world. President of Kosovo, Vjosa Osmani, in her speech, mentioned, "We must ensure that all our bright minds have equal opportunities to pursue the education of their choice. We need these equal minds in order to address the critical issues of our time, such as climate change and AI. We cannot afford to exclude half of our population from the most pressing challenges of our era. It is imperative to collaborate and work together to achieve equality more swiftly. These young girls serve as clear examples of the potential within our youth. It is our duty to ensure that young women and girls feel empowered to pursue their dreams, regardless of the path they choose. They must harbour no fear or hesitation in stating, 'I want it, and I will make it.' Every girl holds a guaranteed place in our future. I encourage each girl to carry forward the legacy of GEG.” Chair of Limak Holding and Limak Foundation, Ebru Özdemir, said: “It's truly an important milestone for GEG and our vision at Limak. I’m thrilled to see the progress of the GEG Kosovo participants over the past year, and I am certain they all have a bright future ahead of them. Engineering isn’t a man’s world anymore, so it is our responsibility to continue to create opportunities for young women to succeed in STEM by supporting them in their studies and careers.” GEG Kosovo extends its gratitude to its supporters, mentors, parents, and volunteers, who have enabled the success of this program. Their collective efforts have empowered young girls to overcome challenges, build confidence, and unlock their full potential. Moving forward, GEG Kosovo remains committed to expanding and enhancing its programs to reach even more young girls, empowering them to break down barriers and become leaders in STEM fields. About Global Engineer Girls Global Engineer Girls (GEG) is an international philanthropic initiative that aims to inspire the next generation of female engineers. The inception of GEG was driven by Limak Group of Companies' culture and its Chairperson's, Ebru Özdemir's, deep personal commitment to improving women's representation in STEM. GEG provides girls and women with education, mentorship and career opportunities in Turkey, North Macedonia, Kosovo, Kuwait and beyond. GEG's predecessor, the Engineer Girls of Turkey (EGT), was launched in Turkey in 2015. Since its inception in 2015, the GEG university programme has benefited 710 young women by providing support for female students enrolled in chemical, civil, computer, electrical- electronic, environmental, industrial, and mechanical engineering departments in Turkish universities. This support has included funded scholarships and mentoring by hundreds of professional volunteers, as well as online training programs, soft skills and English language courses, internships, and employment opportunities at Limak's companies and partner companies. About Global Engineer Girls Kosovo Global Engineer Girls (GEG) Kosovo was established in 2022, in partnership with Limak Kosovo and United Nations Development Programme in Kosovo. GEG Kosovo currently operates in three public universities, covering bachelor and master's programs in engineering. UNIVERSITY OF PRISHTINA "HASAN PRISHTINA", UNIVERSITY OF APPLIED SCIENCES IN FERIZAJ, UNIVERSITY OF MITROVICA "ISA BOLETINI" Note to editors: High-resolution images from the graduation ceremony are available in the attachment. Contact Details Highgate Advisory Ltd. Iulia Trandafir +44 7516 787557 iulia@highgate.ltd

October 19, 2023 09:59 AM Central Daylight Time

Minuteman Press Franchisees Chantal & Clifton Gideon Win Community Award, Receive Special Proclamation in Forest Park, GA

Minuteman Press International Inc

Chantal and Clifton Gideon are the owners of the Minuteman Press franchise in Forest Park, GA since June of 2021. Over the past two and a half years, Chantal and Clifton have built meaningful connections with their clients and business community. Minuteman Press in Forest Park is located at 1046 Main Street, Forest Park, GA 30297. As a result of their remarkable efforts, Chantal and Clifton were recognized earlier this year in August during National Black Business Month and awarded a Special Proclamation from the City of Forest Park. The Proclamation credits Chantal and Gideon with “serving the community with great distinction and pride” as well as “their strong grit and determination to go into business for themselves.” In addition, Chantal also completed the Leadership Clayton program offered by the Clayton Chamber of Commerce and was recognized as a member of the Class of 2023 for the program. Chantal shares her insights on networking and community involvement, building the business for over two years, and the support she’s received from Minuteman Press. What does this Special Proclamation award mean to you? What are some of the ways you are active in the community? Chantal Gideon: “To me this award serves as recognition of our involvement with the community of Forest Park and the positive relationships we’ve fostered together. It’s very important to be involved in the community as a business owner because more people know our brand, the products and services we offer as well as the quality of our work. Clifton and I are active members of our local Chamber of Commerce, we attend City Council meetings to keep abreast of community happenings as well as the rapid economic development occurring on the Main Street corridor of which our business is located. I also serve as an ambassador for our Chamber of Commerce where I attend ribbon-cuttings for new businesses and assist with welcoming new business members, etc. while offering print/marketing services to them.” What are your high-demand products and key growth areas? Chantal Gideon: “Our high-demand products and services includes business cards, books, EDDM, and flyers/brochures. We do a lot of paper printing for a wide variety of clients.” What marketing strategies have you found to be effective? Chantal Gideon: “Increasing our internet marketing spend has been very effective in keeping a constant flow of new customers/orders coming in. I am looking forward to further increasing our Minuteman Press internet marketing program spending by the end of this year due to how profitable this has been for us.” What was your background before franchising? What has the support been like for you? Chantal Gideon: “Before Clifton and I purchased our Minuteman Press franchise, I was a high school biology teacher and Clifton was an engineer at a local steel manufacturing company. Clay Trussell is our field rep and he is always super responsive with whatever we need. He’s always just a text, phone call or visit away whenever we need him. Tech support is always consistent and our RVP Dave Walton stays involved with our overall growth and long-term strategy.” Is there anything else you’d like to share? Chantal Gideon: “Networking within the community and building our brand awareness has been very rewarding. I anticipate continuing to cultivate these relationships!” Minuteman Press in Forest Park is located at 1046 Main Street, Forest Park, GA 30297. For more information, visit their website: https://minuteman.com/us/locations/ga/forest-park/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

October 19, 2023 10:00 AM Eastern Daylight Time

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NewSchool Of Architecture And Design Utilizes Ambow’s (NYSE: AMBO) HybriU AI Digital Education Solution For Hybrid AI + Design Thinking Seminar Series In San Diego

Ambow Education Holding

By Faith Ashmore, Benzinga The installation of the HybriU AI digital education solution at the NewSchool of Architecture and Design in San Diego represents a significant milestone for Ambow Education Holdings (NYSE: AMBO). The education sector has been undergoing a transformation, with digital and hybrid learning becoming the new standard across all levels of education. This shift has exposed the need for suitable infrastructure to support the complexities of multi-site, hybrid digital learning. Platforms like Zoom (NASDAQ: ZM) and others have struggled to meet the diverse needs of online education. This is where artificial intelligence (AI) platforms and integration become crucial. Ambow Education is leading this revolution with its HybriU learning platform, specifically designed to meet the mounting need for a new model that effectively fuses online and offline instruction at higher-learning institutions worldwide. NewSchool, with its 40-year history in San Diego's East Village, has a strong connection to the city's development. Over the years, its students, faculty, and alumni have played a pivotal role in shaping San Diego's architectural and design landscape. As the sole accredited architecture program in San Diego, NewSchool has been a vital contributor to the local architecture and design industry. NewSchool's commitment to the local community has been evident through its faculty and students' participation in a wide range of design projects. Founded in 1980 by Richard Welsh, the school quickly established itself as a leading institution for architectural education. Notably, NewSchool students have had the opportunity to work on conceptual plans for significant locations, including Qualcomm Stadium and Westfield UTC Mall. With the installation of the HybriU AI digital education solution at NewSchool, the institution can now empower professors to conduct a series of AI and design-related seminars open to the public, in addition to on-campus and off-campus students. Seminars such as "Product Design in the AI Era," "Drones in Construction: From Preconstruction to Occupancy," and "Design Thinking and Innovation: Design in the AI Era" have not only been beneficial to the local community but Ambow reports that they have also received extremely positive feedback. Ambow's HybriU solution is designed to bridge the gap between academia and industry, providing students with a seamless and immersive learning experience. By integrating cutting-edge AI technology, HybriU eliminates barriers related to language, geography, academia and industry, offering students the resources needed to succeed in today's rapidly evolving world. As a pioneering innovator in technology-driven education, Ambow recognizes the need to modernize and enhance educational and workforce training. Their HybriU AI digital education solution, powered by patented OOOK technology, aims to accomplish just that. By incorporating this powerful technology, Ambow equips students with up-to-date resources, ensuring they have the skills required to thrive in the current educational landscape. The HybriU AI digital classroom comes equipped with advanced features, including AI-tracking cameras that ensure virtual students do not miss crucial information or demonstrations. Multiple microphones placed throughout the classroom capture teaching and discussions, guaranteeing a seamless learning experience without distractions or difficulties in hearing valuable information from peers or teachers. NewSchool's pilot program is an encouraging step forward for HybriU to meet the substantial market demand. The online education sector is projected to experience significant growth, with an estimated value of $602 billion by 2030, reflecting a compound annual growth rate (CAGR) of 17.2% from 2022 to 2030. The advantages offered by HybriU, explicitly designed for hybrid learning, position Ambow Education as a key player in the industry, driving online learning experiences into the future. To sign up for a free demo of HybriU, visit http://www.hybriU.com or www.ambow.com. Ambow Education Holding Ltd. is a leading cross-border career educational and technology service provider, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in China and United States of America. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Kevin Derrivan kderrivan@amboweducation.com Company Website https://www.ambow.com/

October 19, 2023 09:25 AM Eastern Daylight Time

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