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ARway.ai says sales pipeline tops $1.4M in potential contracts ahead of Apple AR/VR headset launch

ARway

ARWAY.ai CEO Evan Gappelberg tells Proactive's Stephen Gunnion the company's sales pipeline has topped $1.4 million in potential contracts, with the trend likely to continue. He also anticipates an acceleration of demand for the artificial intelligence (AI)-powered augmented reality (AR) experience platform as Apple launches its widely expected AR/VR headset this summer. The company is bullish about the potential for its technology and aims to hit a $10 million pipeline by the end of the year with more deals expected to be announced in the short term, he said. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

May 12, 2023 11:36 AM Eastern Daylight Time

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Nextech3D.AI expands 3D modeling service with Vornado Air with granting of Amazon 'early access'

Nextech3D.AI

Nextech3D.AI CEO Evan Gappelberg tells Proactive's Stephen Gunnion that the company has signed an expansion contract for its 3D modeling service with fan company Vornado Air to bring 3D models onto the Amazon Prime marketplace through the company's 'early access' program. Gappelberg said Nextech is already approved as a preferred 3D model supplier for Amazon and the granting of the early access means it is able to bring its customers outside of Amazon's ecosystem to the platform. He said the company is scaling its AI technology to produce an unlimited number of 3D models to meet the growing demand. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

May 12, 2023 11:12 AM Eastern Daylight Time

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PrimeXBT: A revolutionary crypto futures platform

Benzinga

In a world where cryptocurrency trading is becoming more prevalent, there is a need for a platform that caters to traders who want to take advantage of the volatility of cryptocurrencies. PrimeXBT is a platform that offers users access to a wide range of cryptocurrencies, traditional asset CFDs, copy trading, contests, and an extensive trading academy. This review will explain why PrimeXBT is a revolutionary crypto futures platform. Advanced trading tools and a user-friendly interface PrimeXBT offers a highly intuitive and user-friendly interface designed to cater to novice and experienced traders. The platform provides a high degree of customization, allowing users to tailor the platform to their specific needs. This includes the ability to customize the trading interface's layout and choose from various technical analysis tools. The platform's user interface is easy to navigate, and traders can choose from a wide range of order types, including limit, market, and stop orders. The platform also offers advanced charting tools, customizable workspaces, and a variety of technical indicators, making it an excellent choice for both novice and experienced traders. Unmatched selection of cryptocurrencies One of the standout features of PrimeXBT is its unmatched selection of cryptocurrencies. Traders can trade major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as numerous altcoins. The platform continually adds new assets based on market demand and trends, providing traders with diverse trading opportunities. In addition to cryptocurrencies, PrimeXBT also offers traditional asset CFDs, including forex, commodities, and stock indices. This includes gold, oil, the S&P 500, and, more recently, PrimeXBT added base industrial metals like copper and lead. The platform provides traders with greater flexibility and convenience, allowing them to diversify their portfolios and take positions in multiple financial markets, all in one place. Leverage and margin trading Leverage enables traders to open significant positions with much smaller amounts of capital than what would typically be allowed. PrimeXBT offers both cross and isolated-margin trading across a simple sliding system, allowing traders to adjust risk based on market conditions, available margin, and other factors. The platform's order placement system makes it clear how much margin impact each trade will have, as well as how much margin will be left available and at what price the position will be liquidated. Up to 200x leverage is offered for crypto and up to 1000x for traditional assets. Competitive trading fees and funding rates PrimeXBT charges competitive trading fees for cryptocurrency futures contracts, with most pairs incurring a fee of 0.05%. Additionally, traders must pay a funding rate every 24 hours, which varies depending on the trading pair. The funding rate for most pairs is 0.0694%, while for BTC/USD and ETH/USD, it's 0.0389%. These rates are subject to change based on market conditions and serve as a mechanism to balance long and short positions in the market. Traders should consider these fees and funding rates to ensure profitability when developing their trading strategies. However, it is worth noting that PrimeXBT's fees are highly competitive compared to other leading cryptocurrency futures trading platforms. In fact, PrimeXBT currently charges no fees on most traditional assets. Copy trading, trading academy, and contests Copy trading is an increasingly popular trading strategy that enables traders to follow and copy the trades of top-performing users on the platform. PrimeXBT offers a copy trading feature that allows traders to do just that, making learning from successful traders and diversifying their trading portfolios easier. With PrimeXBT copy trading, traders can browse through a list of top-performing traders on the platform and see their performance over time. Once a trader has identified a top-performing user to follow, they can easily copy their trades with just a few clicks. PrimeXBT contests offer weekly trading competitions for traders to showcase their skills and compete for crypto-based prizes. The contests feature a variety of assets, including cryptocurrencies, forex, and commodities, and winners are determined based on the highest returns at the end of the competition or other unique factors. The platform's risk-free demo funds offered also allow traders to practice their strategies and test their trading abilities against other traders. PrimeXBT contests provide traders a fun and exciting way to improve their trading skills while competing for valuable prizes. Another aspect of the platform that sets it apart from its competitors is the PrimeXBT Trading Academy. The Academy offers a comprehensive educational program to help traders develop their skills and strategies. The program includes articles, tutorials, videos, and webinars on a variety of topics, including technical analysis, risk management, and trading psychology. The Academy is accessible to all traders, from beginners to advanced, and is a valuable resource for anyone looking to improve their trading skills. PrimeXBT mobile app and customer support The platform also offers a mobile app for iOS and Android, making trading on the go simple and convenient. With the app, users can manage their trades, view real-time market data, and make deposits or withdrawals with ease. Also available via the website or mobile app, PrimeXBT's customer support team is highly responsive and provides assistance through live chat, email, and an extensive knowledge base. The company is committed to ensuring the security of its platform and user funds. It employs industry-standard security measures, including cold storage of user funds, two-factor authentication (2FA) for account access, and encrypted data storage. Most user funds are kept offline in cold storage wallets protected by multi-signature technology and only accessible by authorized personnel. PrimeXBT futures summary PrimeXBT is a revolutionary crypto futures platform that offers traders a wide range of features and benefits. Its competitive trading fees, diverse selection of cryptocurrencies, traditional asset CFDs, high-leverage trading opportunities, and strict security measures make it an excellent choice for anyone looking to trade cryptocurrency. For those considering trading on PrimeXBT, there is an attractive promotional offer to take advantage of. Upon depositing more than $500, you can claim a bonus of $100 within 48 hours of registering an account. Deposits can be made in various popular cryptocurrencies such as BTC, ETH, USDT, and USDC, as well as fiat currencies like USD and EUR. No minimum deposit is required, and users can even purchase crypto directly from the platform. This deposit bonus is just one of the many benefits that PrimeXBT offers to its users. Interested in learning more? Check out Benzinga’s PrimeXBT Review! This content contains sponsored advertising content and 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

May 12, 2023 11:00 AM Eastern Daylight Time

Artificial Intelligence and the Future of Work: Preparing the Workforce for an AI-Driven Economy

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/dF-Ro-2ZuM4 Over the next 10 to 20 years, virtually every business and government agency will use Artificial Intelligence. This will have a profound impact on society, the economy, and national security. ChatGPT and autonomous vehicles are two examples of the various applications of AI that demonstrate the ability these technologies have to fundamentally transform how Americans live and work. The U.S. Chamber of Commerce’s Commission on Artificial Intelligence Competition, Inclusion, and Innovation recently released a report outlining recommendations for how to address key risks associated with AI, while maximizing the technology’s enormous potential benefits. The report recommends that policymakers must address regulations, workforce preparation and education, global competitiveness—especially pertaining to intellectual property—and national security protections. The U.S. should not pause the development of AI, but rather take the necessary action to ensure we have trustworthy AI and maintain a competitive position in the global economy. Jordan Crenshaw, Senior Vice President of the Chamber’s Technology Engagement Center conducted a nationwide media tour discussing the report and the state of Artificial Intelligence and the Future of Work. Topics that Jordan discussed included: How widespread will the use of artificial intelligence be in the coming years. How to get the U.S. workforce ready and ways to help businesses hire people. Ways the U.S. can stay competitive. Concerns about regulating artificial intelligence. Should there be a pause on development? For more information visit: www.uschamber.com/aicommission Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 12, 2023 11:00 AM Eastern Daylight Time

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Benzinga Sits Down With The Founder Of One Of The World’s Fastest Growing Brokerages To Discuss Company’s Vision, Roadblocks, Milestones Hit And Outlook

Moneta Markets

By Jad Malaeb, Benzinga Benzinga spoke with David Bily, the Founder and CEO of Moneta Markets, to get behind the story of one of the world’s fastest-growing brokerages. After over a decade within the finance sector, Bily found that most brokerages had become too bureaucratic to meet the needs of traders. Below, he tells Benzinga how it all started. Q: Where did the idea for Moneta come from? A: ”In an industry where there are several giants who have resisted evolving with technology and customer demand, I wanted to make superior trading technologies accessible to more people and help them achieve their financial goals with confidence. This requires agility, which older and more established incumbents lack due to the many layers of red tape. It's this ‘red tape’ that presented a significant gap in the market and hence an opportunity for me to build a broker from the ground up that can rapidly respond to an ever-evolving industry and clients' ongoing requirements. Moneta shuns legacy technology and dated industry standards.” Q: How did the vision for Moneta change as the industry grew? A: “I had initially envisioned Moneta Markets as a pure web-based brokerage. The plan was to create an all-in-one trading platform, client portal, and onboarding package so users could access global markets with ease. However, as the business grew, so did the demand from clients for access to MT4 and MT5. While it was quite a surprise, it was evident that the Metaquotes platforms aren't going away anytime soon, so it was vital to cater to this demand. Our vision for Moneta Markets is constantly evolving to focus on things like new technological innovations and how we can improve customer-centricity on an ongoing basis. We realized that to stay competitive and continue providing value to our clients, we needed to constantly improve our technology and services. We also became more committed to educating our clients about trading and investing, helping them make informed decisions based on their own goals and risk tolerance.” Q: What differentiates Moneta from other brokerages? A: “First, we are responsive to the needs and feedback of our network of clients and partners. A lot of effort also goes into the way we communicate with our clients. As a global brand, it's important for Moneta to communicate with clients in their language. Our website, emails, and 24/7 customer service are available in the primary languages of the regions that we operate in. Our effort to incorporate multiple languages into our customer service experience has been a key contributor to creating brand loyalty. Second, we dedicate our resources to improving what we offer, such as adding products to trade and reducing costs by cutting our spreads and commissions. For example, we have recently removed all commissions on our range of US Share CFDs. Third, we offer some of the highest-quality infrastructure and technology for traders. A robust infrastructure behind the scenes delivers true value to clients, so we dedicate resources to ensure we can provide the best prices and lowest latency to clients. We achieve this by setting up data centers and trade servers in strategic locations, using top-tier liquidity providers, and improving the way liquidity providers communicate with platforms.” Q: Have you faced any unexpected speedbumps as the brand’s founder? A: “It's an ongoing process to optimize and keep improving our platforms, which is not without its difficulties, but we have a great team dedicated to ensuring that we are at the forefront. Our increasing client base solidifies that we are delivering value through technology, and I want that to continue well into the future. Another more recent issue was when MetaQuotes, for whatever reason, pulled their MT4 and MT5 apps from the Apple App Store. In a world where people are always on the go, access to a portable trading solution is imperative, and MetaQuotes' removal from the App Store essentially pulled the rug out from under our feet at the time. However, it also provided the catalyst to bring forward the development of our own trading app, which in turn was a blessing in disguise. While the MT4 and MT5 apps are now back on the App Store, I believe launching our new AppTrader will set a new standard for mobile trading.” Q: How has the company grown since its inception? A: “While there was some initial trial and error, we have really started to gain traction in the industry. In fact, we recently hit a major milestone reaching and surpassing 100 employees with offices around the world, putting us at the medium-sized enterprise level, which is something I’m very proud to have achieved in such a short period of time. Moneta Markets has also experienced strong growth in user numbers and trading volume recently. We've expanded our offerings to include new products, and robust trading platforms, in fact, our web-based Pro Trader platform now integrates seamlessly with both MT4 and MT5, and we are constantly striving to improve our trading conditions. We have recently deployed several new Data Centres in key locations worldwide, upgraded our MetaTrader 4 servers, and are in the process of launching a new MetaTrader 5 server. We put a lot of emphasis on partnering with the right people and companies, who are instrumental in supporting our growth. Our customer satisfaction ratings have also remained consistently high, which we believe is a testament to our commitment to quality service and the key to building a trusted reputation.” Q: What do the next 12-24 months look like for Moneta Markets? A: “We see the Middle Eastern region as a key market for future growth, so we are in the process of setting up an office in Dubai, which is expected to be ready within the next month or two. We have also been experiencing strong growth in the Latin American regions, and are setting up multiple offices there within the next quarter, too. In the next 12-24 months, we plan to continue expanding our product offerings and investing in our technology to improve the trading experience for our clients. We are excited about the launch of AppTrader, our custom-built mobile trading app, which should be on the market within the next couple of weeks. It’s been a huge project for us, but we have a fantastic team of UX professionals and developers who have worked tirelessly to assemble what we think will be a new benchmark for mobile trading. We are also in the process of rolling out our education portal which features a library of how-tos, financial news, live educational sessions, and more, to empower traders to make better decisions and improve their trading outcomes. We will continue to work around the clock to do what it takes to capture market share, with the ultimate goal of building Moneta into a brand with an industry-wide reputation for excellence.” Check out Moneta Markets to learn how this rising brokerage could serve trading needs. Moneta Markets offers its clients a wide range of trading options, including over 1000 Forex pairs, Indices, Commodities, Share CFDs, ETFs, Bonds, and Crypto CFDs, all of which can be traded on the powerful MT4, MT5, and the next-generation PRO Trader platforms, across both STP and ECN accounts. All Moneta Markets’ clients can enjoy up to 1000:1 leverage and some of the industry's lowest spreads, starting from 0.0 pips on their Prime ECN and Ultra ECN trading accounts. With multiple licenses, a broad selection of trading products and platforms, and numerous educational resources and trading tools, Moneta Markets is highly recommended for traders of all levels, from novice traders to professional traders and money managers. Contact Details Moneta Markets partnerships@monetamarkets.com

May 12, 2023 09:15 AM Eastern Daylight Time

President Biden Issues First Veto – Stay Ahead Of The News With FiscalNote (NYSE: NOTE)

Benzinga

By Jad Malaeb, Benzinga President Biden issued his first veto in office. House Republicans are pressing a new energy bill, dubbed H.R.1, that would “expedite energy products, eliminate or reduce certain fees related to the development of federal energy sources and eliminate certain funds that provide incentives to decrease emissions of greenhouse gases.” In short, the Lower Cost Energy Act (i.e. H.R.1) is a plea for looser restrictions on greenhouse-producing energy products and activities like oil drilling and exploration. Even though the bill was a long way from reaching the Presidential desk, the White House made its stance clear. In a statement issued on Mar. 27th, the White House said: “If presented to the President in its current form, he would veto it.” - which they did. The White House noted that H.R. 1 would replace “pro-consumer policies with a thinly veiled license to pollute” and “raise costs for American families by repealing household energy rebates and rolling back historic investments to increase access to cost-lowering clean energy technologies.” Legislation And Regulation Tracking Technology Through FiscalNote Bills with a monumental impact on the future of the nation are discussed on a continuous basis by the U.S. government. These bills can also have major implications for financial markets. President Biden’s Infrastructure Act, for example, is heavily linked to the rise in the stock prices of companies like Caterpillar (NYSE: CAT) and Applied Material Inc. (NASDAQ: AMAT) in anticipation of the Act taking effect. Individually keeping track of each bill, however, is a nearly impossible task without the help of specialized software. This is where FiscalNote Holdings Inc. (NYSE: NOTE) comes in. As a technology company specializing in the analysis and tracking of legislation and regulations in the U.S. and abroad, the company can be an investor, trader or any other citizen’s preferred destination when organizing and tracking major changes in government. Find, Track And Plan For Government Policies With CQ Federal CQ Federal is a FiscalNote platform offering real-time updates on legislative and regulatory developments. It alerts users to important policy changes and provides deep archives of legislative information. With CQ Federal, government affairs professionals can stay up-to-date with policy changes and take quick and effective action. One of the standout features of CQ Federal is its exclusive access to House Action Reports. These reports provide forward-looking summaries and analyses of every bill set for debate, anticipated amendments, fact sheets of major legislation and summaries of all bill changes made in the conference. Additionally, CQ Federal provides live and archived videos of everything that happens on the floor of the House and Senate, searchable by keyword, chamber, speaker and date. The closed captions act as unofficial transcripts and are available in real-time. CQ Federal's platform also offers custom reports and analyses to help organizations make informed decisions. The company's unmatched breadth and depth of federal data enables government relations professionals to know more and get more done. CQ Federal's advanced alert tools ensure users get everything they need and nothing they don't, filtering out the noise from the thousands of documents and updates produced by the US government. CQ Federal provides government affairs professionals with the most comprehensive set of data around federal legislation available. It is a valuable resource for any organization looking to stay informed and up-to-date with policy changes and take effective action. Check out the platform here. This post contains sponsored advertising 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

May 12, 2023 09:15 AM Eastern Daylight Time

BingX Shifts focuses on Layer 2 Tokens listings

BingX

SINGAPORE - Media OutReach - 12 May 2023 - BingX, one of the leading cryptocurrency exchanges, has announced a strategic shift in focus to Layer 2 tokens listings. The decision was made in response to the growing demand for Layer 2 solutions and the need to enhance the overall trading experience for its users. The move comes at a time of extreme congestion on blockchain networks, which has created a high demand for effective Layer 2 scaling solutions. Layer 2 scaling solutions are built on top of existing blockchain networks and offer faster and more cost-effective transactions while maintaining the blockchain's decentralization and security features. To meet this demand, BingX is exploring various Layer 2 projects, such as Starknet. With the meme coin phase reaching its peak, BingX believes that the listing of layer 2 projects will entice traders into the Cryptocurrencies markets. BingX is committed to providing its users with access to the latest and most innovative Layer 2 solutions. The exchange will continue to research and vet new Layer 2 tokens, ensuring that only legitimate and high-quality projects are listed on the platform. Furthermore, BingX is considering the potential for airdrops events in line with Starknet, which could lead to the possibility of listing $STRK onto its easy-to-use platform. This would provide even more value to its users and enhance the overall trading experience. The shift in focus to Layer 2 tokens listings demonstrates BingX's focus on innovation and its user-centric approach. The demand for faster and cheaper transactions on blockchain networks continues to grow, and BingX is well-positioned to meet this demand. To learn more about BingX and its offerings, visit the exchange's official website. About BingX Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. Layer 2 trading pairs like MATIC/USDT & ARB/USDT are also available on BingX platform. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Additionally, BingX has launched BingX QA, an engine for trading analysis and investment guidance. Find the latest analysis that includes fundamental analysis of Starkware Token. Contact Details BingX elvisco@bingx.com Company Website https://bingx.com/en-us/

May 12, 2023 07:20 AM Eastern Daylight Time

Stay One Step Ahead: Master the Essentials of Cybersecurity Readiness!

YourUpdateTV

From data breaches to phishing scams, cybercrime is on the rise, and it's time to arm yourself with the knowledge and tools to stay safe in the digital world. Recently, Dave Lewis, Global Advisory Chief Information Security Officer at Cisco Security, conducted a satellite media tour to share tips and tricks to outsmart cyber criminals and stay safe online. A video accompanying this announcement is available at: https://youtu.be/VDTqR8LqwOM After surveying over 6,700 cybersecurity leaders worldwide, Cisco found that less than 15% of companies were ‘Mature’ enough (or considered to have advanced enough security) to defend against modern cybersecurity risks, even though 82% of respondents said they expect a cybersecurity incident to disrupt their business in the next two years. While this may not seem to directly impact consumers at first, the aftermath can take a large toll on the public, causing emails, credit cards and personal information to be leaked on the internet. Here are some tips that Lewis shared: · Be a safe shopper: o Never use a debit card, use a credit card, I like one specifically for online purchases. o Don’t save your personal or credit card information on any company site – If they company doesn’t have it, the company can’t lose it, and the criminals can’t steal it. o Closely watch your online accounts. · Build cyber street smarts - Criminals will use information from a breach against you: o Evaluate the company before sharing personal information. o Only share essential information with any company or third-party. o Know the signs of a scam - If it seems too good to be true, if there’s too much pressure. · Personal resilience - Expect breaches: o Use multi-factor on all accounts. o Use separate email addresses and credit cards – our phones may make this easier. o Talk about it when it happens – empathy and compassion, kinder than necessary. According to Cisco, 60% of respondents said they had a cybersecurity incident in the last year, which cost 41% of organizations affected at least $500,000. While forward-looking businesses are investing in resilience and focused on improving their ability to defend against and minimize the impact of an attack, consumers also must take an active role in protecting their own information, especially as breaches become more and more inevitable. To learn more about this and Cisco’s Cybersecurity Readiness Index, visit: cisco.com/go/readinessindex BIO: Dave Lewis is a Global Advisory CISO at Cisco Security. He has 25 years of experience in IT security operations and management including a decade dealing with critical infrastructure security. He is the founder of the security site Liquidmatrix Security Digest and writes columns for Daily Swig, Forbes and several other publications. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 11, 2023 02:59 PM Eastern Daylight Time

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Allied Energy Corp Provides Update on the Thiel Well Bitcoin Mining Project with Enerhash

Allied Energy Corporation

Allied Energy Corp (OTC: AGYP), a producing oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon area in the United States, is pleased to provide a shareholder update regarding the Company's activities partnering with Enerhash USA at the Thiel Well site in an effort to begin flare gas bitcoin mining. On April 26th, CEO George Monteith of Allied Energy received a revised field build out report distributed by Enerhash's personal. Due to circumstances beyond the Company's control, initial target dates for the Thiel site had to be adjusted. At this time the Company is confident that all challenges have been overcome regarding the initial delays. The Company is pleased with the revised timeline and is thankful to report that thus far everything is proceeding according to plan. To date the following work has been completed: Operating permits - completed Site survey - completed Site planning - completed Elevation study - completed Contractor proposal for site buildout - completed Allied will update their shareholders as further developments occur with press releases and media updates on Twitter. The initial Thiel project, if all goes as planned, is expected to take 8-10 weeks to complete. The generators and data centers will be located 150 feet south of the wellhead. A meter run will be installed just north of the generator pad. The existing water tank will be reused for discharge from the separator. The elevated pad will be constructed of compacted engineered fill to support generator weights up to 60,000 lbs. per generator and 20,000 lbs. per data center. A reinforced concrete pad will be constructed on top of the compacted engineered fill to support the generator / generators. The contractor will provide two 3-inch electrical conduits with sweeping connections from the generators to each data center pad. Allied CEO George Monteith commented: "The Thiel is the first location where Allied will establish a bitcoin mining footprint in partnership with Enerhash. At this time, we believe that the Thiel site will be a 3-megawatt center and power three containers of bitcoin mining equipment. As per our last release investors / current shareholders can see that we are laying a broader foundation of gas well resources through our new partnership with Sloan Petroleum. Ultimately, we are focused on completing the initial 20-megawatt project with Enerhash to then set our sights toward completion of the 100-megawatt project. I am appreciative of all the hard work my team has given, we have a detailed plan and the resources to make it happen, now it is time to make the push toward mining digital currency." About Enerhash: Enerhash is an energy technology and digital infrastructure development company founded by European energy experts in 2019. Enerhash has developed projects on three continents providing renewable energy optimization and grid balancing services including New Zealand, Sweden, Hungary and now they are entering into the USA. Enerhash USA will align with energy producers as a solution to help alleviate harmful methane emissions caused by production. These solutions will monetize wasted natural gas resources to reduce emissions by eliminating routine flaring to reach ESG goals and unlock the value from stranded resources. To discover more about Enerhash USA, visit their corporate website at www.enerhashusa.com. About AGYP: Allied Energy Corp. is an energy development and production company acquiring oil & gas reserves in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'existing' oil & gas wells located in the thousands of mature oil & gas producing fields across the United States. The Company applies its knowledge, experience, and effective well-remediation technologies to achieve higher production volumes, longer well life, and more efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest. The Company will utilize updated technologies such as hydraulic fracturing ("fracking"), drilling of lateral ("horizontal") legs in productive zones, and utilizing new cased hole electric logging to locate bypassed pays, all to enhance daily rates and oil & gas recoveries. By acquiring interests in a growing number of selected projects in various regions, Allied Energy Corp. is diversifying its exposure and effectively minimizing risk as it pursues corporate growth, top line & bottom-line revenues to the benefit of all stakeholders. There are proven, recoverable reserves contained in the many aging oil & gas fields that have been bypassed by companies moving away from these fields in search of deeper, more plentiful, but more costly reserves. The Company plans to concentrate on bypassed oil and gas as there is less competition and, as mentioned above, the costs are considerably less. Additionally, the company will acquire interests in marginal wells that can be acquired at minimal cost, of which there are 420,000 wells in the U.S. Quoting Barry Russell, President of the Independent Petroleum Association of America ("IPAA") - "With approximately 20 percent of American oil production and 10 percent of American natural gas production coming from marginal wells, they are America's true strategic petroleum reserve." Safe Harbor Statement: This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements. Contact: Allied Energy Corporation Phone: 972-632-2393 Email: info@alliedengycorp.com Twitter: https://twitter.com/AlliedEnergyCo1 Enerhash USA LLC Website: www.enerhashusa.com Email: info@enerhash.com Twitter: https://twitter.com/Enerhash1 Linkedin: https://www.linkedin.com/company/enerhash/ Contact Details Allied Energy Corporation +1 972-632-2393 info@alliedengycorp.com

May 11, 2023 02:30 PM Eastern Daylight Time

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