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Mask Acquires RARA in Big Bet on Web3 Social Protocols

Mask Network

Mask Network is thrilled to announce the acquisition of the team behind RARA, the social curation protocol. As part of the Mask ecosystem of Web3 social builders, the team will continue building apps and developer tools for RARA. “Pronounced ‘Rah rah!’ like a cheer, the goal of RARA’s protocol […] is to give a voice to a world of curators,” the Loud Paper published one year ago. "We're making it easier for people to bring their likes and interests everywhere with them on the Internet just like their NFTs," explained RARA founder Lawson Bae. "By opening up the curation graph for NFTs and moving away from centralized algorithms, we will create new opportunities for social network builders and help create a more personalized Internet where every voice can find its community.” Founded in 2017, Mask aims to build an easy-to-use bridge from Web 2.0 to the Web 3.0-era decentralized apps. Mask has been one of the earliest community members of the Bluesky protocol founded by Jack Dorsey and the Mask team is the maintainer of the most active instances of Mastodon. With funding of US$100 million, Mask has strategically invested in decentralized social networks, infrastructure, and creative content to feed its ambition of becoming the Web 3 social conglomerate building for the first billion people in Web3. "When we first saw RARA, our team was impressed by their innovative approach to letting third-parties store additional data on NFTs. So every person’s curation and comment travels with the NFT,” said Suji Yan, Founder of Mask. “It fits our Mask’s dream to liberate people from control of one company and one app. Ultimately we want to achieve a new and open internet through building and growing the decentralized social network ecosystem.” With RARA, social network and other NFT app builders can: Add live and historical commentary for NFTs with reactions, comments, and tags across all Web3 apps; Introduce new people to Web3 with free soulbound collectibles for curating called RA! like tokens; and Personalize social feeds and NFT recommendations based on each person’s likes. "Being able to engage with an NFT just like a tweet is critical to the future of the aggregated Web2 and Web3 feed in our app," said Terrence Wu, Eco Product Lead at Firefly, Mask’s newest mobile app. “We are excited to be one of the first to integrate RARA into our app while we are still in private beta.” “Joining the Mask team is everything a builder dreams about,” said Bae. “Created by builders, mission and funding to think big, and ethos aligned - for the people, by the people. It’s like we were already friends and building together all along.” About Mask Mask Network is a leader in the vibrant decentralized social network ecosystem. In 2019, Mask extension started supporting Twitter users with secure, decentralized social messaging, payment networks, file storage and sharing upon the current mainstream social media networks. As a Top 100 Market Cap project, Mask strategically invests in decentralized social networks, infrastructure, and creative contents with the goal of making Web3 more accessible to all. Learn more at mask.io. About RARA RARA is a protocol for adding social commentary to Non-Fungible Tokens (NFTs) on social apps and NFT marketplaces. Developed by RARA Social Inc, the RARA social curation protocol enables anyone to add reactions, comments, and tags to any NFT in any Web3 app. With the release of v2.0 of the protocol, all curation is now free with all curation data stored permanently on-chain and generates a free RA! Like Token, soulbound memories for curators. Learn more at rara.social. Mask Network is thrilled to announce the acquisition of the team behind RARA, the social curation protocol. The extended team is actively building a vibrant decentralized social network ecosystem for the first billion people in Web3. Contact Details Mask Network Media Contact media@mask.io Company Website https://mask.io/

April 03, 2023 07:00 AM Eastern Daylight Time

News Release

DeeLance Crypto Presale Launches to Bring Freelancing & Recruiting to Web3

Finance News

Web3 freelance and recruitment marketplace DeeLance launched its presale, raising more than $27,000 in its first 24 hours. This disruptive new platform seeks to revolutionize how companies hire contract employees and freelancers. Thanks to DeeLance’s use of blockchain technology, it’s simpler, faster, and cheaper to hire the right person for every job than ever before. Early investors have 15 days remaining to lock in the lowest price for DeeLance’s native ERC-20 token, $DLANCE. The project is planning an initial exchange offering at a list price of $0.035, representing a 40% increase from today’s presale price. DeeLance takes aim at the $761 billion recruitment industry DeeLance is making waves among analysts and investors because the potential size of its disruption is enormous. The global human resources (HR) and recruitment services industry is worth an estimated $761 billion according to research firm IBISWorld. DeeLance is going toe-to-toe right from the start with publicly traded companies like Upwork and Fiverr. However, DeeLance brings significant advantages for employers and freelancers compared to these legacy recruitment platforms. First, DeeLance makes it significantly cheaper to hire. Its 2% fee for employers is the lowest of any existing marketplace. Its 10% fee for freelancers is also highly competitive. On top of that, DeeLance doesn’t hold up payments for days on end. The platform’s blockchain-backed escrow accounts protect both employers and workers from loss, but release funds instantly once work is transferred and approved. Payments can be made in cryptocurrency as well as fiat, ensuring that there are no payment delays or costly foreign exchange fees. Visit DeeLance Presale Leveraging NFTs to manage ownership over work One of the biggest challenges that existing freelance marketplaces face is transferring ownership from contract workers to employers. Contracts rarely specify who gets to keep the intellectual property rights associated with any piece of content. DeeLance cuts through the confusion by tokenizing work as NFTs. When an employer purchases work such as a piece of written content or software code, they receive an NFT representing their ownership over that work as a deliverable. This ensures that there are never questions about who owns a piece of content and there are no limits on how companies can use the work that they’ve paid for. DeeLance metaverse offers new ways to work and hire Alongside its Web3 marketplace, DeeLance is developing the first metaverse built specifically for recruitment and freelancing. The DeeLance metaverse is an integral part of this platform, not an afterthought to take advantage of the latest trends. In DeeLance’s metaverse, employers looking to hire and freelancers looking for work will be able to interact freely as avatars. Employers can set up offices to hold meetings and interviews or even purchase virtual advertising to supercharge their hiring process. Freelancers can advertise their services and network with clients to encourage repeat work. The $DLANCE token plays an essential role in this metaverse. While contracts on DeeLance can be paid in fiat or a variety of major cryptocurrencies, offices and advertising in the DeeLance metaverse can only be purchased with $DLANCE. This means that employers and freelancers who purchase $DLANCE during the presale can lock in a discount on future office space and advertising in the DeeLance metaverse. It’s an investment not only in $DLANCE itself, but also in the future of their own businesses. Visit DeeLance Presale Limited opportunity to invest in the future of hiring DeeLance is bringing together blockchain, NFTs, and the metaverse to redefine how companies hire and how freelancers find work. It offers a major leap forward over existing recruitment platforms and holds competitive advantages in price, transparency, and speed. Investors, employers, and freelancers can lock in the lowest price for the $DLANCE token during the first stage of the project’s presale. For a limited time, $DLANCE is priced at $0.025 USDT. The price will increase to $0.027 in Stage 2 of the presale and to $0.030 in Stage 3. The presale has allocated 30% of the total $DLANCE supply and has a hard cap of $6 million. Investors can purchase $DLANCE through the DeeLance presale site using Ethereum (ETH), Tether (USDT), or a credit card via Transak. Visit DeeLance Presale DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article. Contact Details Finance News Alex Brown alex@financenews.com

March 31, 2023 02:12 PM Eastern Daylight Time

Arma Services Inc. Addresses CE Designation And Provides Update On Matter

ARMA SERVICES, INC.

McapMediaWire -- Arma Services Inc. (OTC: ARMV ) would like to provide a comprehensive update to its shareholders, partners, and the broader community concerning the Caveat Emptor designation recently issued by OTC Markets. The company was notified on March 28 th of the caveat emptor status, and immediately responded to OTC Markets Group in the best interest of shareholders and the possible public interest concern. The company has been diligently providing all internal documentation, proof of contracts, products, and engagements pro-actively and upon request. Arma Services Inc. is committed to transparency and open communication with all relevant parties throughout this process. The OTC Markets Group may review a Caveat Emptor designation upon the company's request and has the discretion to remove the designation if deemed appropriate. Arma has proactively engaged with all relevant parties, aiming for an early review to expedite the removal of the caveat emptor status. As a proud issuer on the OTC Markets exchange, Arma Services Inc. is determined to resolve this matter as swiftly and efficiently as possible. In the meantime, the company would like to assure the public that business operations will continue as usual, and the management team remains dedicated to upholding the company's values and commitments. The Company would like to inform the investment community that all past, and future contracts and agreements will be posted in an 8-K to comply with all the regulatory bodies. As well as for investors to review so the that it may have total transparency with the investment community moving forward. About Arma Services Inc. At Arma Services Inc., we pride ourselves on being at the forefront of the battle against climate change. Our mission is clear: to develop carbon offset projects that are not only effective, but also highly valuable. Our expertise lies in the forestry, agriculture, and technology sectors, where we use our proprietary AI software to ensure that the carbon credits we create are of the highest quality. Our commitment to transparency and analytics is second to none, and we are proud to say that our clients trust us to deliver the best possible results. By using cutting-edge technology, we can measure the impact of our carbon offset projects in real time, providing our clients with the data they need to make informed decisions about their carbon footprint. We believe that our work is not just a business, but a responsibility. As a public company, we are dedicated to making a positive impact on the environment and on the world at large. By expanding our portfolio of high value removals carbon offsets, we are taking a crucial step in the right direction. At Arma Services Inc., we are committed to a better future for all. 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 that 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: Arma Services, Inc. 7260 West Azure Drive |Suite 140| Las Vegas, Nevada, USA, 89130 Phone. 1.725.235.7766 Email. info@armaoffsets.com Website. www.armaoffsets.com SOURCE Arma Services Inc. Contact Details Arma Services, Inc. info@armaoffsets.com Company Website http://armaoffsets.com/

March 31, 2023 01:13 PM Eastern Daylight Time

To Empower Developing Countries by Blockchain Technology, MetaBank Announces Strategic Solutions at Oxford

MetaBank

Singapore-based MetaBank made its debut at the Blockchain Education Summit and Digital Civilisation conference held at Oriel College in Oxford University on 28th March 2023. MetaBank's CEO and COO shared the company's mission and latest case studies in Lao PDR. The company's core focus is to help developing countries transition to blockchain and digital civilisation, aiming to empower individuals and businesses worldwide. Founded by a team of bankers, lawyers, and researchers, MetaBank is committed to shaping the world by leveraging blockchain technology, particularly for developing countries in Asia. Developing countries in Southeast Asia, such as Lao PDR and Cambodia, have a lower economic development rate and poor infrastructure that have put their famous cultural heritage, such as Angkor Wat and the town of Luang Prabang, at risk. By applying blockchain technology, MetaBank aims to bring greater economic growth, helping these countries to achieve leapfrog development. MetaBank has developed innovative strategic solutions centred around blockchain technology, featuring three core pillars aimed at revolutionising the digital space. The first of these pillars is Digital Financial Inclusion, prioritising the provision of digital financial services to everyone, regardless of their income, social status, or location. Secondly, the Sustainable Digitisation pillar advocates for the fair and sustainable use of digital technologies to promote environmental responsibility and equitable access. The third pillar, the Digital Trust Ecosystem, prioritises secure and trustworthy digital interactions through cutting-edge technologies, policies, and practices. Blockchain technology is integral to achieving these objectives and enables improvements in digital identity, supply chain management, public services, transparency, and corruption reduction. MetaBank also uses blockchain technology to promote cultural heritage preservation and economic exchange through NFTs. Frank Sui, founder and CEO of the company, said, "I founded MetaBank to help eradicate poverty and give everyone a chance to live a better life." As an exclusive strategic partner for the Lao PDR government, MetaBank operates a national-level digital transformation project, using blockchain-powered digital assets as a viable solution to preserve the heritage of Buddhism in Lao PDR. LaoBuddhist.DAO will use NFTs to digitally promote Lao Buddhist culture around the world, create digital economic income, and increase foreign exchange reserves. The Luang Prabang Token (LPT) was issued based on the Lao national blockchain technology to improve the tourist experience by providing simple and convenient payment methods, thus preserving the national cultural heritage while promoting local economic development. MetaBank's ultimate mission is to provide financial services to those who are unbanked or underbanked. By using blockchain-based systems, local people can access financial services without needing a bank account. These projects allow people in developing countries who lack access to traditional banking systems to engage in economic activity and participate in the global economy. MetaBank's innovative solutions are set to shape the future of digital transformation and empower individuals and businesses worldwide. About MetaBank MetaBank is a company that is focused on driving digital inclusion and accelerating the transition to a digital civilisation. The company leverages blockchain technology to provide innovative solutions and financial services, particularly in developing countries in Asia. For more information, visit their website at www.MetaBank.com.sg. For Media Enquiries: press@metabank.sg Contact Details DeThings Jasmine jasmine@dethings.com Company Website https://www.metabank.com.sg/

March 31, 2023 11:56 AM Eastern Daylight Time

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AmpliTech Reports FY 2022 Results; Beats Revenue Guidance and Reports Record 267% YoY Annual Revenue Increase to $19.4 Million

Amplitech Group, Inc.

McapMediaWire - AmpliTech Group, Inc. (NASDAQ: AMPG ) a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks and a worldwide distributor of packages and lids for integrated circuit assembly, and designer of complete 5G/6G systems, today announced financial results for year ended December 31, 2022. The company will host an investor call on Monday, April 10 th at 4:00 PM EST. Investor Earnings Call Details Date/Time: Monday, April 10th at 4:00 pm EST Dial-in Number: 1-833-630-0019 (domestic) or 1-412-317-1807 (international) Online Replay/Transcript: Audio file and call transcript will be posted to AmpliTech’s news page when available. Investor Questions: May be submitted to investors @amplitechgroup.com prior to or during the call Full Year 2022 Highlights Revenue increased 267% to $19,394,000 in FY’22 compared to $5,275,000 in FY’21. FY’ 22 gross profit grew to $8,925,000, an almost 7-fold increase from FY’ 21 gross profit of $1,293,000. The gross profit margin increased by 2150 basis points to 46.0% compared to 24.5% a year ago. FY’22 net loss was $677,000 compared to a FY’21 net loss of $4,759,000, a positive swing of approximately $4.1 million. The net loss includes a one-time revenue earnout of approximately $816,000 as a result of Spectrum’s beating sales expectations for the years 2021 and 2022. It is important to note that without this earnout payment, the Company would have been profitable. As of December 31, 2022, cash and equivalents totaled $13,290,000 and working capital was $20,331,000, which is sufficient capital for AmpliTech to fund all of its strategic growth initiatives. AmpliTech experienced great success at trade shows such as Satellite 2022, IMS 2022, the AOC 2022, and the APS March Meeting 2022, achieving positive customer engagement and setting company records at each event for the number of meetings with new and existing customers. Customers have begun to sample AGMDC’s new MMIC chip products which have received very positive praise and feedback. Forward-Looking Update MMIC chips, or ICs, have been released to customers for testing and are expected to begin generating revenue in Q2 2023. Management expects sustained profitability going into 2023. Team is increasing sales exposure through enhanced strategic partnerships with sales representatives and distributors globally. Management Commentary Fawad Maqbool, Founder and CEO of AmpliTech, commented, “We are pleased to announce AmpliTech's annual results, with a remarkable 267% year-over-year increase in revenue. Our seamless integration of Spectrum Semiconductor and the successful launch of new initiatives, such as AGMDC’s industry leading LNAs in MMIC form and TGSS’s managed 5G system integration consulting service, demonstrate our unwavering commitment to innovation and growth. This is a continuation of our strategy to focus on increasing top-line revenue with high-margin products, which we are projecting will lead to increased bottom-line income later this year. Additionally, our industry-leading low noise amplifiers, now available in MMIC form, boast unparalleled signal-to-noise ratios, the central metric that defines the quality of an amplifier as well as the entire receiver. Our team’s relentless drive to solve engineering challenges underscores our dedication to providing cutting-edge technology to our clients. While we closely monitor the current economic situation, we are pleased to report that, at this time, we continue to have strong demand for our industry leading products. The gross profit margin’s impressive increase from 24.5% to 46.0% reflects our team’s efficiency and long-term planning strategy. As we celebrate these financial and operational milestones, we remain cognizant of the challenges posed by the lack of performant communication infrastructures. At AmpliTech, our mission is to empower companies to build the communications infrastructure that will fuel the future of technology – from AR/VR platforms and high-performance Quantum computing to 5G/6G networks providing satellite internet and beyond. Although there is still much work to be done across various industries - including satcom, telecom (5G), high-performance computing, defense, and aerospace - to achieve the connectivity speeds required by emerging technologies, we recognize the immense potential for innovation and are dedicated to developing solutions that address these challenges, enabling faster and more efficient communication systems. By continuously pushing the boundaries of communications technology, we aim to play a pivotal role in shaping the future of these industries and facilitating the realization of their full potential,” concluded Mr. Maqbool. About AmpliTech Group AmpliTech Group, Inc. designs, develops, manufactures, and distributes state-of-the-art radio frequency (RF) microwave components for global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets as well as systems and component design consulting services. In December 2021, AmpliTech completed the purchase of the assets and operations of Spectrum Semiconductor Materials Inc. a global specialty distributor of semiconductor components based in San Jose, CA. AmpliTech has a 13+ year track record of developing high performance, custom solutions to meet the unique needs of some of the largest companies in the global industries we serve. We are proud of our focused team's unique skills, experience and dedication, which enables us to deliver superior solutions, faster time to market, competitive pricing, excellent customer satisfaction and repeat business. For more information, please visit www.amplitechgroup.com. Safe Harbor Statement: This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: the lingering impact of the COVID-19 pandemic on the Company’s supply chain, revenues and overall results of operations, the Company's ability to execute its business plan as anticipated; trends affecting the Company's financial condition or results of operations; and the Company's growth strategy and operating strategy. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Other risks are identified and described in more detail in the “Risk Factors” section of the Company’s filings with the SEC, all of which are available on our website. We undertake no obligation to update, and we do not have a policy of updating or revising, these forward-looking statements, except as required by applicable law. Corporate Social Media Twitter: @AmpliTechAMPG Instagram: @AmpliTechAMPG Facebook: AmpliTechInc Investor Social Media Twitter: @AMPG_IR StockTwits: @AMPG_IR Company Contact: Shan Sawant, Director of Communications AmpliTech Group, Inc. Investors@amplitechgroup.com Investor Relations Contact: Kirin Smith, President PCG Advisory, Inc. ksmith@pcgadvisory.com www.pcgadvisory.com Contact Details AmpliTech Group, Inc. Investors@amplitechgroup.com Company Website http://www.amplitechgroup.com/

March 31, 2023 09:00 AM Eastern Daylight Time

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Commercial Bakery With Its Feet In Two Leading Global Markets Gets Ready For NASDAQ IPO

Benzinga

By David Willey, Benzinga Chanson International Holding, a company that manufactures and sells baked goods, beverages and seasonable products through chain stores in the United States and China, is gearing up for an initial public offering (IPO) in the U.S. The company anticipates IPOing with 3 million Class A ordinary shares at a public offering price of $4 per share. The company will list on NASDAQ under the ticker CHSN and expects to commence trading on March 29, 2023. Chanson Holdings expects to raise approximately $15 million in aggregate gross proceeds from the IPO, before expenses. It expects the offering to close on or around March 31, 2023, provided there is satisfaction of the customary closing conditions. Money raised by the IPO will go toward opening new stores in the U.S. The company has positioned itself at the heart of the baked goods market, with bakeries in both the US and China. The global bakery product market size was $497.5 billion in 2022 and is expected to be $625.9 billion by 2028, with a compound annual growth rate (CAGR) of 3.7% during the forecast period. The U.S. and the Chinese retail baked goods markets were the largest in the sector, being worth $67 billion and $34 billion respectively in 2020, while the Chinese market is forecasted to jump 53% to $53 billion by 2025. IPO To Further Strengthen International Position Though Chanson International is headquartered in the Cayman Islands, its bakeries are located in the U.S. and China, with 33 stores for its baked goods across China, as well as two in New York City. The company anticipates opening seven new stores in China, as well as eight new US stores this year. The company expects to have 50 stores in total by this year. Funds raised by the IPO will go towards opening stores in the US. According to their investor presentation, the company made $8.5 million in revenue and $4.1 million in profit in the first half of 2022, for a gross margin of 48.5%. The company manufactures and distributes a range of bakery products and savory food as well as seasonal products and in-house beverages that combined make up its over 700 products. Some stores also include eat-in services, offering 131 menu items and bakery products. Chanson International has sophisticated distribution channels in both China and the US, including digital platforms, third-party platforms and delivery partners. In China, it has an added level of product stickiness through its membership card initiative, and as of December 2022 the company had around 582,000 members. Other companies in the bakery market include Hostess Brands (NASDAQ: TNWK) and Ephiphany Cafe, a subsidiary of Starfleet Innotech, Inc. (OTC: SFIO). This article was originally published on Benzinga 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

March 31, 2023 09:00 AM Eastern Daylight Time

Nextech3D.AI announces company has taken major step forward with expansion into Asia

Nextech3D.AI

Nextech3D.AI CEO Evan Gappelberg joined Steve Darling from Proactive to share news the company has announced a significant expansion into the Asian market. Gappelberg tells Proactive the company agreed to a major enterprise 3D modeling deal for thousands of products marking its first contract in Asia, the largest and fastest growing market for eCommerce worth $3 trillion in annual revenue. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 31, 2023 08:00 AM Eastern Daylight Time

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AmpliTech to Release Earnings Tomorrow, Friday, March 31st; Company to Host an Earnings Call to Review

Amplitech Group, Inc.

McapMediaWire - AmpliTech Group, Inc. (NASDAQ: AMPG ) a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks and a worldwide distributor of packages and lids for integrated circuit assembly, and designer of complete 5G/6G systems, today announced that it will release full-year earnings for the fiscal year 2022 tomorrow, Friday, March 31st. The company will also host an earnings call Monday, April 10th, 2023 to review the progress of its growth initiatives and answer investor questions. Dial-in details are provided below: Investor Earnings Call Details Date/Time: Monday, April 10th at 4:00 pm EST Dial-in Number: 1-833-630-0019 (domestic) or 1-412-317-1807 (international) Online Replay/Transcript: Audio file and call transcript will be posted to AmpliTech’s news page when available. Investor Questions: May be submitted to investors@amplitechgroup.com prior to or during the call About AmpliTech Group AmpliTech Group, Inc. designs, develops, manufactures, and distributes state-of-the-art radio frequency (RF) microwave components for global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets as well as systems and component design consulting services. In December 2021, AmpliTech completed the purchase of the assets and operations of Spectrum Semiconductor Materials Inc. a global specialty distributor of semiconductor components based in San Jose, CA. AmpliTech has a 13+ year track record of developing high performance, custom solutions to meet the unique needs of some of the largest companies in the global industries we serve. We are proud of our focused team's unique skills, experience and dedication, which enables us to deliver superior solutions, faster time to market, competitive pricing, excellent customer satisfaction and repeat business. For more information, visit: www.amplitechgroup.com Safe Harbor Statement: This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its oﬃcers with respect to, among other things: the lingering impact of the COVID-19 pandemic on the Company’s supply chain, revenues and overall results of operations, the Company's ability to execute its business plan as anticipated; trends affecting the Company's ﬁnancial condition or results of operations; and the Company's growth strategy and operating strategy. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Other risks are identiﬁed and described in more detail in the “Risk Factors” section of the Company’s ﬁlings with the SEC, all of which are available on our website. We undertake no obligation to update, and we do not have a policy of updating or revising, these forward-looking statements, except as required by applicable law. Corporate Social Media Twitter: @AmpliTechAMPG Instagram: @AmpliTechAMPG Facebook: AmpliTechInc Investor Social Media Twitter: @AMPG_IR StockTwits: @AMPG_IR Company Contact: Shan Sawant, Director of Communications AmpliTech Group, Inc. Investors@amplitechgroup.com Investor Relations Contact: Kirin Smith, President PCG Advisory, Inc. ksmith@pcgadvisory.com www.pcgadvisory.com Contact Details AmpliTech Group, Inc. Investors@amplitechgroup.com Company Website http://www.amplitechgroup.com/

March 30, 2023 04:00 PM Eastern Daylight Time

AmpliTech Records a New Benchmark at Satellite 2023 Show in Washington, D.C.

Amplitech Group, Inc.

McapMediaWire - AmpliTech Group, Inc. (NASDAQ: AMPG ), a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks, as well as a worldwide distributor of packages and lids for integrated circuit assembly, is excited to announce an unprecedented achievement at the Satellite 2023 show held in Washington, D.C. The company recorded more than 100 meetings with executives in the satellite communications (Satcom) space – a new record for the prestigious event. Among the attendees were multiple Fortune 100 companies, top-tier research institutions, and exciting startups driving the next generation of connectivity. The Satellite 2023 show, one of the most significant gatherings in the satellite and space industry, served as the ideal platform for AmpliTech to showcase its cutting-edge technology and capabilities, including its industry-leading amplifiers with the best gain-to-noise ratio on the market and its new MMIC amplifier line. The record-breaking number of meetings held with industry leaders and decision-makers reflects AmpliTech's commitment to providing innovative solutions for the rapidly evolving Satcom market. During the show, AmpliTech's team engaged in meaningful discussions with executives from various sectors of the Satcom industry. They expressed keen interest in AmpliTech's high-performance LNAs, which can be implemented in a wide range of applications, including satellite teleports, antennas, satellite modems, phased array antennas, and satellites themselves. AmpliTech's LNAs are renowned for their industry-leading performance, reliability, and efficiency. The company's proprietary technology enables satellite communication systems to achieve optimal signal reception and transmission, ultimately leading to enhanced communication capabilities and reduced overall costs for satellite operators. Some customers were so impressed with AmpliTech's product line that they had already entered the specifications and RFQ (Request for Quotation) phase. This demonstrates the high level of confidence in AmpliTech's LNA solutions and their potential for revolutionizing the Satcom industry. "We are thrilled with the success we experienced at the Satellite 2023 show," said Fawad Maqbool, CEO of AmpliTech. "Incorporating high-quality amplifiers in our satellites is crucial for optimal signal transmission and reception. The pitfalls of using sub-par amplifiers can lead to signal degradation, increased interference, and ultimately, higher operational costs for satellite operators. By utilizing our industry-leading amplifiers, we provide our clients with enhanced communication capabilities and a more cost-effective solution. Our record-breaking number of meetings with representatives from Fortune 100 companies, top research institutions, and innovative startups is a testament to the growing interest in more performant LNA solutions to avoid the mentioned pitfalls, and the risk of obsolescence in ground stations and satellites. We are eager to continue collaborating with industry leaders and contributing to the development of the next generation of satellite communication systems." As a pioneer in the RF space, AmpliTech remains dedicated to driving innovation in the Satcom sector. The company is well-positioned to support the rapid advancements in satellite technology and expand its global presence through strategic partnerships and collaborations with industry frontrunners. About AmpliTech Group AmpliTech Group, Inc. designs, develops, manufactures and distributes state-of-the-art radio frequency (RF) microwave components for global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets as well as systems and component design consulting services. In December 2021, AmpliTech completed the purchase of the assets and operations of Spectrum Semiconductor Materials Inc. a global specialty distributor of semiconductor components based in San Jose, CA. AmpliTech has a 13+ year track record of developing high performance, custom solutions to meet the unique needs of some of the largest companies in the global industries we serve. We are proud of the unique skills, experience and dedication of our focused team which enables us to deliver superior solutions, faster time to market, competitive pricing and excellent customer satisfaction and repeat business. Safe Harbor Statement This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its oﬃcers with respect to, among other things: the lingering impact of the COVID-19 pandemic on the Company’s supply chain, revenues and overall results of operations, the Company's ability to execute its business plan as anticipated; trends affecting the Company's ﬁnancial condition or results of operations; and the Company's growth strategy and operating strategy. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Other risks are identiﬁed and described in more detail in the “Risk Factors” section of the Company’s ﬁlings with the SEC, all of which are available on our website. We undertake no obligation to update, and we do not have a policy of updating or revising, these forward-looking statements, except as required by applicable law. Corporate Social Media Twitter: @AmpliTechAMPG Instagram: @AmpliTechAMPG Facebook: AmpliTechInc Investor Social Media Twitter: @AMPG_IR StockTwits: @AMPG_IR Company Contact: Shan Sawant, Director of Communications AmpliTech Group, Inc. Investors@amplitechgroup.com Investor Relations Contact: Kirin Smith, President PCG Advisory, Inc. ksmith@pcgadvisory.com www.pcgadvisory.com Contact Details AmpliTech Group, Inc. Investors@amplitechgroup.com

March 30, 2023 09:00 AM Eastern Daylight Time