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Family Entertainment Live and Mattel Announce 2023 Expansion of Hot Wheels Monster Trucks Live™ Glow Party™

Family Entertainment Live

To meet growing demand from fans and venues, Family Entertainment Live and Mattel today announced a major expansion of the Hot Wheels Monster Trucks Live Glow Party North American tour, coming in the second half of 2023. Following record breaking sales in 2022 and the beginning of 2023, Hot Wheels Monster Trucks Live Glow Party has added 23 markets to its expanding schedule, including some of the country’s most preeminent arenas such as the Barclays Center (Brooklyn), Chase Center (San Francisco), Target Center (Minneapolis), and Wells Fargo Center (Philadelphia). The newly announced tour dates will begin in July, filling the 2023 Hot Wheels Monster Trucks Live schedule with more events than ever. Presale tickets will be available on March 8, with public sale beginning on March 10, in most markets. Hot Wheels Monster Trucks Live is produced by Family Entertainment Live, and brings fans’ favorite Hot Wheels Monster Trucks to life including Mega Wrex™, Tiger Shark™, Boneshaker™, Bigfoot®, and the all-new Gunkster™, to name just a few. The Glow Party production features a laser light show, spectacular theatrical effects, dance parties, and lots of Hot Wheels toy giveaways. Fans can also witness a special appearance from the car-eating, fire-breathing, transforming robot MEGASAURUS™, plus the high-flyers of Hot Wheels Monster Trucks Live Freestyle Motocross. "After a record-breaking season in 2022, the tour’s expansion to more cities and renowned venues across the United States ensures that Hot Wheels Monster Trucks Live can build upon the incredible momentum that began with Glow Party,” said Julie Freeland, Senior Director of Global Location Based Entertainment at Mattel. “Our exhilarating tour theme, coupled with a robust second half schedule, means even more families will be able to connect and engage with their favorite real-life Hot Wheels Monster Trucks like never before.” “After so much early success with Hot Wheels Monster Trucks Live, we thought this was the perfect time to take it to another gear across the U.S.,” said Ken Hudgens, CEO of Family Entertainment Live. “The fans’ response has been incredible both domestically and overseas. Families will now have even more opportunities to experience the party at some of the most well-known venues throughout the major metros of North America.” Hot Wheels Monster Trucks Live™ Glow Party™ 2023 extended tour* dates are as follows. Matinee and evening performances are available across all dates. July 29-30 INTRUST Bank Arena Wichita, KS August 5-6 Chase Center San Francisco, CA August 5-6 Blue Cross Arena Rochester, NY August 12-13 XL Center Hartford, CT August 12-13 Veterans Memorial Coliseum Portland, OR August 19-20 Desert Diamond Arena Glendale, AZ August 26-27 Toyota Arena Ontario, CA August 26-27 Wells Fargo Center Philadelphia, PA September 2-3 Orleans Arena Las Vegas, NV September 9-10 Acrisure Arena Coachella Valley, CA September 23-24 Pechanga Arena San Diego, CA September 23-24 KFC Yum! Center Louisville, KY Sept 30 Barclays Center Brooklyn, NY October 7-8 T-Mobile Center Kansas City, MO October 7-8 Scope Arena Norfolk, VA October 14-15 DCU Arena Worcester, MA October 14-15 Cross Insurance Arena Portland, ME October 20-22 Cross Insurance Center Bangor, ME November 4-5 FedExForum Memphis, TN November 4-5 Family Arena St. Charles, MO November 11-12 Dickies Arena Ft. Worth, TX November 18 Target Center Minneapolis, MN November 18-19 Paycom Center Oklahoma City, OK *Additional dates to be announced. Hot Wheels fans also have the opportunity to participate in the Crash Zone Pre-Show Party, held two and a half hours prior to every performance. The unique experience provides fans access to the competition floor where they can see the outrageous designs and epic size of the Hot Wheels Monster Trucks along with autograph signings from their favorite drivers and performers. Each Crash Zone ticket includes an autograph card, souvenir pass, and a lanyard exclusive to Crash Zone attendees. Passes will be available to purchase while supplies last. Fans can go to HotWheelsMonsterTrucksLive.com for more information. The Hot Wheels Monster Trucks Live tour is a partnership between Mattel and Raycom-Legacy Content Company, LLC, a wholly owned subsidiary of Family Entertainment Holdings, LLC. About Mattel Mattel is a leading global toy company and owner of one of the strongest catalogs of children’s and family entertainment franchises in the world. We create innovative products and experiences that inspire, entertain, and develop children through play. We engage consumers through our portfolio of iconic brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends®, UNO®, Masters of the Universe®, Monster High® and MEGA®, as well as other popular intellectual properties that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming, music, and live events. We operate in 35 locations and our products are available in more than 150 countries in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering children to explore the wonder of childhood and reach their full potential. Visit us online at mattel.com. About Family Entertainment Live Family Entertainment Holdings, LLC is a diversified, entertainment holding company that develops family-oriented live events including Monster High® Live, Magic of Lights ®, an outdoor holiday lights drive-through experience produced at venues throughout North America and Hot Wheels® Monster Trucks Live, showcasing a toys-to-life show of Mattel’s legendary Hot Wheels Monster Trucks show presented across North America, Europe and elsewhere internationally. The Company is headquartered in Medina, Ohio. For more information visit familyentertainmentlive.com. Contact Details Eric PR & Marketing, LLC Eric Nemeth +1 602-502-2793 nemeth@ericpr.com

March 07, 2023 09:00 AM Eastern Standard Time

Fun Japan Communications starts offering all exclusive official goods developed in collaboration with animated TV series Tokyo Revengers through FUN! JAPAN SELECT SHOP

Fun Japan

NEW YORK, US - Media OutReach - 6 March 2023 - JTB group company Fun Japan Communications, Ltd., operator of FUN! JAPAN, one of Asia‘s largest community websites for “Japan fans” (4.65 million Facebook fans, 1.28 million website subscribers as of January 2023), under the mission to “bridge between Japan and Asia,” starts offering fully original goods developed in collaboration with animated TV series Tokyo Revengers through FUN! JAPAN SELECT SHOP, the company’s cross-border e-commerce website for consumers in Asia! All exclusive unique goods featuring Tokyo Revengers, the hottest and most bittersweet time travel thriller animated TV series, combined with Japan's local manufacturing skills and specialties, will be available on made to order on our cross-border e-commerce website for consumers in Asia. The keyword for this collaboration is 'kizuna (bond).' Just like various types of close 'kizuna’ depicted in the animated TV show Tokyo Revengers, made-to-order products represent connections among people and between people and things beyond borders. Consumers can expect items such as a pair of matching special glasses that change color when filled with a liquid (from a manufacturer in Tajimi City, Gifu) and exclusive premium fruit juice made from locally grown fruits (from a manufacturer in Komoro City, Nagano). Illustrations of Takemichi Hanagaki, Manjiro Sano, Ken Ryuguji, Chifuyu Matsuno, Keisuke Baji, and other popular characters from the animated TV show Tokyo Revengers, and fruit juice inspired by these characters' theme colors will be offered in a special box. These completely limited products will be available on made to order in early March 2023. This special campaign will help people in Asia find 'kizuna' bond with Japan and rediscover attractive aspects of local communities in Japan through the animated TV series Tokyo Revengers. Stay tuned. https://en.pinkoi.com/product/j7WjjERf Product image download link： https://tokyo-revengers-craftsmanship.jp/resources/complete%20set%20Takemichi_Hina.jpg Contact Details Fun Japan Communications, Ltd. Media Contact inquiry@fj-com.co.jp

March 06, 2023 10:00 AM Eastern Standard Time

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New Membership Special Contributes to Travis Kelce’s Eighty-Seven and Running

Full Scope PR

Club Car Wash prioritizes its charitable partners, as has raised over $1 million for Children’s Miracle Network Hospitals through its Ten Dollar Tuesday promotion. In the month of February, Club Car Wash raised $58,460 for Children’s Miracle Network, and an additional $51,243.35 for local organizations, including Eighty-Seven and Running through grand opening and other In honor of Co-Owner Travis Kelce’s 2023 Super Bowl run with the Kansas City Chiefs, Club Car Wash organized a fundraiser to benefit the Eighty-Seven and Running organization. Founded by Kelce in 2015, Eighty-Seven and Running helps underserved youth on their journey to become productive citizens by mentoring and motivating them to explore and develop their abilities while learning critical life skills. For every new Club Car Wash membership purchased between February 4 and February 12, the company made a donation to Eighty-Seven and Running. With the help of new and existing members, the funds raised to benefit the organization totaled $42,301. Club Car Wash operates more than 120 locations throughout the Central United States, and has recently expanded into the state of Wisconsin. The company opened six new locations in the month of February, including sites in Arkansas, Texas and Missouri. Club Car Wash plans to continue its expansion into Colorado and Tennessee in 2023. Kelce joined the company as co-owner in April of 2021, and has made three appearances in the Super Bowl as a tight end for the Kansas City Chiefs. Club Car Wash is excited to partner with Eighty-Seven and Running and to help empower disadvantaged youth through this and other fundraising initiatives. “Giving back to the community is very important to us as a family and as a business,” said Rollie Bartels, CEO and Owner of Club Car Wash. “We are proud to support Eighty-Seven and Running and to help provide the opportunity for our youth to cultivate their talents, learn and grow.” “I am so grateful to Club Car Wash for the ongoing support of the Eighty-Seven and Running organization and I am excited about the opportunities that this fundraiser will provide for the foundation,” said Travis Kelce, tight end of the Kansas City Chiefs and two-time Super Bowl Champion. “Each dollar raised from this campaign will go directly towards initiatives that will provide kids in the community with resources and opportunities to reach their full potential.” Founded as Tiger Express Car Wash in 2006, the company rebranded to Club Car Wash in 2019. Currently operating more than 120 locations in Missouri, Kansas, Illinois, Iowa, Oklahoma, Nebraska, Arkansas, Wisconsin and Texas, Club Car Wash is one of the largest and fastest growing express car wash companies in the Central United States. Club Car Wash has plans to scale rapidly into Colorado, Kentucky and Tennessee through acquisitions and new developments. To learn more about Club Car Wash, please visit: www.clubcarwash.com. Contact Details Club Car Wash Kendall Palmquist Media@clubcarwash.com

March 06, 2023 09:00 AM Eastern Standard Time

TOCCA Life Holdings Inc makes strategic acquisition of Be Climbing Inc, a growing real estate and indoor rock climbing sports complex developer

TOCCA Life Holdings, Inc.

TOCCA Life Holdings, Inc. (OTC: TLIF ) (“TLIF” or the “Company”) announced today that the Company recently acquired Be Climbing Inc. of Winter Park, FL. Be Climbing recently announced that the Company will be opening its first world-class indoor rock climbing gym just outside downtown Orlando, FL on a 7.02 acre property it acquired in the ever expanding city of Apopka, FL. The indoor rock climbing industry is exploding with growth after the sport made its first debut in the 2020 Tokyo Olympic Games, which took place in 2021 due to the pandemic. Rock Climbing has now officially been added as an Olympic sport and will be part of the program in both the upcoming Paris 2024 and Los Angeles 2028 Olympic Games. By way of comparison, Top Golf launched its first location by tracking golf balls and grew to become an international sports entertainment company. Be Climbing with development of its first location is focused on drawing inspiration from the Top Golf business model with a focus on the family oriented fun and family-focused activities centered around the indoor rock climbing sport and entertainment industry. Top Golf was acquired in 2021 for $2.6 billion by Callaway which has rebranded the company under the name Topgolf Callaway Brands Corp. (NYSE: MODG). In much the same way that Callaway’s strategy is to make golf accessible to a broader population that might otherwise not have the time, money, or access to traditional golf; Be Climbing seeks to make the sport of rock climbing accessible to a broader audience with indoor rock climbing facilities. The sport of outdoor rock climbing became very famous to a broader audience in recent years with the release of such movies as Free Solo, The Dawn Wall and Meru. Be Climbing is well underway in the development process of the highly desirable 7 acre Apopka, FL location, having acquired the property in March 2022. The Company presently is in the site plan review and approval process with the required city and county governmental agencies. The Company’s Apopka, FL project was recently featured Central Florida’s Growth Spotter publication. Stephen Carnes, President and CEO of TLIF, stated, “I am very pleased with today’s announcement and to bring Be Climbing Inc. public through TOCCA Life’s acquisition. I launched Be Climbing Inc. as a private company in 2021 in order to lay the groundwork and get much of the long drawn out processes in place and completed prior to bringing the company public. The months ahead will be very exciting, and I am happy to now have Be Climbing public through TLIF.” Carnes continued, “Be Climbing has already raised nearly $3 million in private transactions and owns outright the 7 acre property in Apopka. The Company additionally owns, free and clear without mortgage, two locally located income producing rental properties, so the Company has both revenues and assets. We will be seeking to have the Shell Status designation removed given today’s announcement of the Be Climbing acquisition. I look forward to providing additional details about Be Climbing in the near future.” Follow TOCCA Life Holdings, Inc. on Twitter at: @Tocca_Life Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a few uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events or otherwise. CONTACT: Steve Carnes 407-674-9444 Contact Details Stephen Carnes +1 407-674-9444

March 03, 2023 11:05 AM Eastern Standard Time

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Mike The Pike Productions, Inc. (OTC: MIKP) and Sack Lunch Productions (OTC: SAKL) Jointly Agree to Termination of Letter of Intent

Mike The Pike Productions, Inc.

McapMediaWire -- Mike The Pike Productions, Inc. (OTC: MIKP ) (“The Company”), ($MIKP), a fan-owned entertainment studio focused in the acquisition, development, and production of entertainment intellectual property through its wholly owned subsidiary www.ArowanaMedia.com, announces today that it has amicably agreed to a termination of the Letter of Intent with Sack Lunch Productions (OTC: SAKL ) in favor of proceeding with initiatives toward becoming an SEC Fully Reporting, OTC Markets Pink Current status Issuer including the filing of Form 10 with audited financials through EOY 2022. MIKP CEO Mark B. Newbauer states, “I believe this is the best for the Company and its Shareholders as we have a definable path to becoming a fully reporting pink current company. I thank shareholders for your patience as we work with auditors to finalize the 2022 financials, and believe this to be a monumental step for the company into 2023. We are operating full force in Arowana on development benchmarks for our projects including the Vampirella Universe, New York Times Bestseller ‘Wish’, and other titles soon to be officially announced,” LIKE, FOLLOW & SHARE AT: Facebook: @arowanamedia Twitter: @ArowanaOfficial and @MTPprods IG: ArowanaMedia About Mike The Pike Productions (OTC: MIKP), Arowana Media Holdings and Mike The Pike Entertainment Mike The Pike Productions is a publicy traded media holdings company operating through its subsidiary Arowana Media Holdings, Inc. ( www.ArowanaMedia.com ), a fan-owned entertainment studio focused on IP Acquisitions, Development and Production, and building a diverse portfolio of IP for the entertainment marketplace. It does this via its flagship subsidiary, Mike the Pike Entertainment, LLC, which will acquire, incubate and develop IP which can then be used to complement horizontally integrated subsidiaries focused in Film/Television/Streaming, Publishing, Software/Gaming, esports, AR/VR, Web3, Metaverse, and Artificial Intelligence. CONTACT: CEO Mark B. Newbauer hey@mikethepike.com Contact Details Mark B. Newbauer hey@mikethepike.com Company Website http://www.arowanamedia.com/

March 02, 2023 04:35 PM Eastern Standard Time

PFF’s Sam Monson Tells The Game Day: Bryce Young Better 'Bama QB Than Jalen Hurts; Bijan Robinson Next AP

The Game Day

Pro Football Focus NFL analyst Sam Monson declared Alabama quarterback and top NFL prospect Bryce Young “the best” QB out of the university in the last several years during an appearance on the Caps Off Podcast on The Game Day’s network that aired Wednesday, March 1. “I think he's the best of the three. I think he's better than Tua, better than Mac Jones, and I think he was better than Jalen Hurts when he was at Alabama,” the PFF analyst said. “I think he's the best that Alabama has sent to the NFL in the last, you know, several years.” Monson joined the Caps Off Podcast, which started in August 2022 and features talent/hosts Adam Tabatchnick, Felipe Fontes, Jack Parodi, and Matan Mann. The podcast airs multiple episodes weekly across YouTube, Instagram, Facebook, Twitter, and TikTok, a platform on which it has garnered 4.1M likes since its inception. Monson also discussed other top prospects ahead of the NFL Draft, including Texas Longhorns running back Bijan Robinson. “I think he is the best running back prospect we've seen coming into the draft since 2014,” Monson said. “He might be the best prospect to come along since Adrian Peterson.” The full podcast episode, focused on NFL player comps, is available on YouTube, TheGameDay.com, and wherever podcasts are available. Pro Football Focus is a sports analytics company that focuses on thorough analysis of the National Football League and NCAA Division-I football in the United States. The Game Day is a sports entertainment and media company geared toward millennials and Gen Z. Launched in 2020, The Game Day bridges the gap between casual sports fans and sports bettors, creating and promoting original digital- and social-first content. Fans can follow all of The Game Day’s social content: TikTok, Twitter, Facebook, and Instagram. Contact Details The Game Day Lauren Polkey laurenpolkey@thegameday.com Olivia Witherite oliviawitherite@thegameday.com Company Website https://thegameday.com/

March 02, 2023 02:15 PM Eastern Standard Time

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FanDuel Named ‘Most Innovative Sportsbook’ by Sports Betting Journalists in New HPL Digital Sport Study

HPL Digital Sport

HPL Digital Sport, (HPLDS) a specialty division within Hot Paper Lantern focused on building brand, partnerships and user growth within the sports betting, sports technology and iGaming industry, today released its new study State of the Sportsbook: Media Scoreboard on Innovation. The study measures the opinions and perspective of the media who regularly write about the sports betting industry on topics like: which are the most innovative sports betting operators, the technological elements most likely to make the most impact in 2023 and which new entrants to the market can challenge current leaders in the space. To contrast the media’s opinions, HPLDS also interviewed more than a half-dozen sports betting industry consultants to obtain their views. “In a very nascent industry like sports betting, the media hold a very important position as the group that sits across the entire market, talking to every company and executive on topics ranging from technology, new products and services, pain points, wins and innovation. While many opinions and anecdotes have been shared on who leads the market, there has never been a definitive study completed to put quantitative and qualitative data behind these ideas,” said Ed Moed, CEO of HPL Digital Sport. “As thought leaders in the space, we felt it necessary to create this content but also accentuate this data with commentary and opinions from the most respected and visionary sports betting consultants in the industry. We hope this series of studies and our Media Scoreboard become the industry standard bearer for years to come.” When it comes to the most innovative operator, it’s FanDuel and everyone else In a weighted ranking, the media named FanDuel as the most innovative sports betting operator in a landslide, scoring 55 points. FanDuel more than doubled the points of the Second Place and Third Place finishers, PointsBet (24) and DraftKings (20), respectively. Rounding out the Top 5 list included BetMGM in Fourth Place with 9 points and Bet365, Caesars and Circa all tied for Fifth Place with 7 points. Among new sportsbooks joining the market, the media believe 2023 is Fanatics’ year to lose When choosing the most anticipated new entrant in the market, the media overwhelmingly chose Fanatics as the company they feel will have the biggest impact in sports betting. The potential Disney (ESPN)/DraftKings partnership came in second while Betr rounded out the top three. Subsequently, the media survey also felt Fanatics’ announcement to officially launch its sportsbook was the top story of 2022 showing a betting operator “revolutionizing the market and leading to potential change in 2023.” Fanatics’ launch beat out other top stories including the Disney (ESPN) teaser announcement of an upcoming strategic partnership with DraftKings, DraftKings integration with Amazon’s Thursday Night Football package and FanDuel’s announcement of its pullback of promotional dollars. The media prioritized User Experience and Engagement as the most important innovative practice in sports betting In an industry deep in an arms race to secure new and sustainable users, when given a list of the most innovative practices, the media found User Experience and Engagement to be the industry’s top priority, followed by: User Experience and Engagement Product Differentiation Development of Next Generation Technologies Fiscal Responsibility Brand Development Strategic Partnerships Influencer Deals In-play betting seen as the innovation most likely to gain momentum in 2023 In-play betting secured 42%, and the majority of the response, from the media as the innovation most likely to gain momentum in 2023. While in-play betting drew the most attention, other imminent innovations mentioned highlight the expanding betting ecosystem and capabilities users can begin to expect to gain traction in the near future including, the evolution of sports betting content (17%), universal wallet (8%) and the gamification of sports betting (8%). “The consultants we interviewed all agreed with the media’s assessment of the sports betting innovation landscape. However, adding to the media’s perspective, the consultants warned this is not the time for any company, new entrant or incumbent, to rest on their laurels,” said Moed. “Innovation isn’t about winning the moment but a mindset of continuous improvement. The companies and sportsbooks who will make moves on our Scoreboard in the future will undoubtedly have a deep focus on the end user experience, as well focusing on any real ways each can be unique in its own value proposition to sports bettors.” The State of the Sportsbook is the first industry study collecting the data and opinions of the sports betting media and the most influential industry consultants, as well. HPLDS was the first to capture the data behind needs, behaviors and wants of the emerging sports bettor in its flagship study, The State of the New Sports Bettor in 2020. In 2021, HPLDS was the first company to obtain data and insights from sports betting executives in its State of the Sports Betting Industry: User Expectations vs. Executive Realities study. The study was conducted between Jan. 12-23, 2023, leveraging the insights of more than two dozen top-tier business and sports betting trade reporters covering the business of the sports betting industry. About HPL Digital Sport HPL Digital Sport is a specialty division focused on the sports betting, fantasy, and igaming spaces within Hot Paper Lantern, a multi-disciplined brand, marketing and communications firm. We build brand relevance and thought leadership, while driving growth for sports betting, fantasy and sports technology companies through our core capabilities of branding, public/media relations, performance marketing, social media and sophisticated design. www.hpldigitalsport.com Contact Details Michael Adorno +1 212-931-6143 madorno@hotpaperlantern.com Company Website https://www.hpldigitalsport.com/

March 02, 2023 02:00 PM Eastern Standard Time

News Release

Legible turning the page for eReading with LibrarianAI launch

Legible

Legible co-founder and CEO Kaleeg Hainsworth joins Natalie Stoberman from the Proactive studio to discuss how the company continues to grow in the e-book space with the beta launch of its LibrarianAI web plugin. Legible is a book entertainment and media company that provides innovative eReading experiences to anyone anywhere with an internet-enabled device. Legible has developed a browser-based, mobile-first B2C eBook entertainment platform delivering a global online bookstore and reading system through Legible.com; and a global B2B eBook conversion and production service with high revenue potential called Legible Publishing. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 02, 2023 01:12 PM Eastern Standard Time

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Asure Software (NASDAQ: ASUR) Surpasses Expectations with Record-Breaking Q4 and FY 22 Financial Results, Raises Guidance for 2023

Benzinga

The fourth quarter of 2022 earnings season is winding down with 94% of S&P 500 (NYSE: SPY) companies having already reported results. Overall, Q4 2022 was slightly bullish when considering 68% of S&P 500 companies reported a positive EPS surprise and 66% of components reported a positive revenue surprise. Unfortunately, the revenue and income surprises could largely be chalked up to low expectations. Earnings growth for the fourth quarter 2022 came in at a combined -4.8% for the S&P 500. According to Factset, this represents the first time the S&P 500 has reported a year-over-year decline in earnings growth since the third quarter of 2020 (-5.7%). To make matters worse, earnings revisions from December 31, 2022, estimated earnings growth of -3.3%. This means, on an overall basis for the S&P 500, companies saw worse earnings growth declines than were estimated. The first quarter of 2023 doesn’t look to be much better for the index, as 76 companies in the S&P 500 have issued negative EPS guidance, compared to only 21 components issuing positive guidance. Not all Q4 2022 earnings have been a disappointment, however. Asure Software (NASDAQ: ASUR) just released record Q4 and full-year 2022 financial results that blew the top off of expectations. With these latest results, Asure’s increases its consecutive earnings estimate beat streak to the last ten quarterly periods. ASUR: Breaking Down the Record Q4/FY 22 Results Asure Software, a cloud-based human capital management (HCM) services provider to small and medium businesses (SMBs), released its Q4 and full-year 2022 financial results after the market close on February 27, 2023. Q4 2022 Results For the fourth quarter, the HCM provider generated record quarterly revenues of $29.3 million, which represents an impressive growth of 39% from Q4 2021. Recurring revenues topped $24.1 million, up 25% year-over-year. EBITDA for the quarter rose $3.5 million y/y to $5 million. Adjusted EBITDA rose $3.7 million y/y to $6 million. For context, Asure had previously issued guidance for the fourth quarter estimating a revenue range between $23.5 million to $24 million and an adjusted EBITDA range between $3 million and $3.5 million. If we take the higher end of the Q4 guidance into account, Asure’s actual Q4 2022 revenue came in 22% higher than its $24 million estimate. Meanwhile, adjusted EBITDA came in a whopping 71.42% higher than the $3.5 million high-end estimate. Full-Year 2022 Results Turning to the full-year 2022 results, Asure reported total revenue of $95.8 million, up 26% y/y. Recurring revenue jumped 21% y/y to $86.2 million. EBITDA came in at $8.8 million, compared to last year’s $13.5 million result. However, last year’s EBITDA included an extraordinary gain of $18.8 million. Adjusted for the extraordinary gain, Asure’s 2021 EBITDA would have been $3.4 million. Adjusted EBITDA for 2022 increased $4.2 million to $11.8 million. Again, Asure reports very strong top and bottom-line results on a year-over-year basis, but let’s compare the results to the company’s FY 22 guidance. For the year 2022, Asure originally estimated a revenue range between $90 million and $90.5 million. Adjusted EBITDA was expected to come between $10.5 million and $11 million. If we again focus on the higher end of the guidance ranges, Asure's total revenue for the year came out 5.86% higher than estimated. Adjusted EBITDA came in greater than 7.27% compared to management's guidance. Asure Issues Q1 2023 Guidance and Raises Full-Year 2023 Estimates After finishing strong in 2022 and hitting the ground running to start 2023, Asure's management has raised its full-year 2023 revenue and adjusted EBITDA guidance. The company also provided its initial guidance for Q1 2023. Previously-issued guidance for the year 2023 originally estimated a revenue range between $98 million and $102 million, with an adjusted EBITDA range between 14% and 16%. Asure now estimates total revenues between $105 million and $107 million, on an adjusted EBITDA range between 15% and 17% for the full-year 2023. This is a robust guidance increase that likely takes into consideration Asure’s big-name partnerships that have been secured with Intuit (NASDAQ: INTU) TurboTax, H&R Block (NYSE: HRB), and ZayZoon through the first two months of 2023. In addition, the current uncertain economic environment continues to be an ideal situation for Asure, as SMBs look to continue streamlining operations, cut costs and stay competitive for top employee talent. In its Q4 2022 earnings release, Asure also issued its initial guidance for the first quarter of 2023. The HCM provider estimates revenues coming between $29 million and $30 million for the quarter, with an adjusted EBITDA range of $6 million and $6.5 million. Wall Street Analysts Blown Away By Asure’s Strong Results, Reiterate Bullish Outlooks Analysts covering Asure have been bullish for the past several months. However, the six prestigious analysts covering the stock just took another step in their bullish belief of Asure’s outlook. After the company’s robust financial results, all six analysts took the opportunity to reiterate their “buy” ratings and even raised their price targets. Five-star analyst, Richard Baldry of Roth MKM, reiterated his “buy” rating and rose his price target to $23.00 from $16.00. Five-star analyst, Jeff Van Rhee of Craig-Hallum, reiterated a “buy” rating and increased his price target to $18.00 from $14.00. Five-star analyst, Vincent Colicchio of Barrington, reiterated a “buy” rating and rose his price target to $15.00 from $12.00. Five-star analyst, Ryan MacDonald of Needham, reiterated a “buy” rating and increased his price target to $20.00 from a previous target of $14.00. Four-and-half-star analyst, Bryan Bergin of Cowen & Co., reiterated a “buy” and rose his price target to $15.00 from $13.00. Four-star analyst, Eric Martinuzzi of Lake Street, reiterated a “buy” rating and increased his price target to $17.00 from $8.00. Overall, Asure Software continues to reliably outpace earnings expectations, as the Q4 2022 results mark the tenth consecutive quarterly period of beating estimates. This comes during a time when larger-cap stocks in the S&P 500 collectively saw negative earnings growth during the fourth quarter of 2022 and warned of negative EPS guidance for the first quarter of 2023. Asure's HCM suite of products and services continues to hold great value among its SMB clients, as can be seen with the strong recurring revenue. The company has an astounding client retention rate, combined with its strong drive to build partnerships and add new offerings to its client base, which continues to be a winning formula for Asure. If 2023 is anything like 2022, Asure Software is on track for another big year ahead. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement. All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated five thousand dollars cash by Asure Software for the creation and dissemination of this content by the company. This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions. Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/ The Post Asure Software (NASDAQ: ASUR) Surpasses Expectations with Record-Breaking Q4 and FY 22 Financial Results, Raises Guidance for 2023 First Appeared on Spotlight Growth. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 02, 2023 11:45 AM Eastern Standard Time