Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

Online Capital Formation is a cost-effective and reliable alternative to fund businesses

KoreconX

With the latest happenings in the online banking world, venture capital funding is uncertain for the short term. Yet challenging times are when capital for innovation and development is needed most, leading companies at all stages to evaluate a different alternative for capital: the private market. Venture capital refers to investments made by venture capital firms, typically in early-stage startups or companies with high growth potential. Private capital, on the other hand, can come from a variety of sources, such as high-net-worth individuals, family offices, or private equity firms. These investments are made in countless industries and stages of development. Another difference that may lead entrepreneurs to opt for private capital is that, in most cases, venture capital firms take an active role in the management, while private capital investors do not - which allows entrepreneurs to retain control. Oscar A Jofre, Co-founder and CEO of KoreConX, explains. “Using digital platforms to raise funds from investors through JOBS Act regulations, companies have access to the exemptions from SEC registration such as RegA+, RegCF, RegD, and RegS, reaching a larger pool of investors beyond traditional VCs and private equity firms. These investments can be accessed by anyone, regardless of their net worth or accreditation status, and at any time, 24 hours a day, 365 days a year”. The SEC reports that $4.5T was raised in the private capital markets in 2022, of which the new JOBS Act regulations (RegCF, RegA+, RegD) accounted for $150.9B. Online capital formation platforms allow greater transparency, giving investors more information about an offering before they commit to investing in a particular business. This allows investors to make more informed decisions and reduces the risks associated with investing. Online platforms also typically charge lower fees than traditional VCs and private equity firms, making it a more cost-effective way to raise funds. Taken together, these advantages make online capital formation through RegA+, RegCF, RegS, or RegD attractive, viable alternatives to traditional venture capital for companies looking to access a wider pool of investors quickly and efficiently and with greater transparency. About KoreConX Founded in 2016, KoreConX is the first secure, All-In-One platform that manages private companies' capital market activity and stakeholder communications. With an innovative approach and to ensure compliance with securities regulations and corporate law, KoreConX offers a single environment to connect companies to the capital markets and now secondary markets. Additionally, investors, broker-dealers, law firms, accountants, and investor acquisition firms, all leverage our eco-system solution. Founded in 2016, KoreConX provides the first secure online infrastructure for private companies to conveniently and compliantly manage every aspect of their capital market activities, from issuing securities to shareholder relations. Investors, broker-dealers, law firms, accountants, and investor acquisition firms all leverage our ecosystem solution. KoreConX also maintains a large online library of educational content to help companies navigate their capital-raising journey. Contact Details Rafael Goncalves +1 888-885-0881 rafael@koreconx.com Company Website https://www.koreconx.com

March 21, 2023 12:59 PM Eastern Daylight Time

Image

Solving The Challenges Of Digital Asset Tax Information Reporting With Ledgible

Ledgible

In recent years, the rise of digital assets and cryptocurrencies has challenged the traditional tax reporting and compliance framework. With more individuals and companies investing in digital assets, there has been a growing need for clear guidelines and reporting mechanisms to ensure proper taxation and regulatory compliance. This is where tax information reporting, specifically Form 1099 generation, plays a crucial role. The Internal Revenue Service (IRS) requires that all US taxpayers report their worldwide income, including income earned through the sale or exchange of digital assets and cryptocurrencies. This means that digital asset exchanges, brokers, and other third-party service providers must provide accurate and timely Forms 1099 to their customers and the IRS, underscored in the Infrastructure and Investment Jobs Act, which goes into effect in 2024. The IRS has been paying closer attention to digital assets and cryptocurrencies in recent years, signaling a shift towards increased regulation and enforcement in this space. In recent years, the IRS has released increased guidance on the taxation of digital assets, highlighting the need for accurate reporting and compliance. With the increasing focus on digital assets and cryptocurrencies, companies that service US customers are facing new regulatory challenges. They must ensure that their tax reporting processes are accurate and compliant, or risk facing penalties, fines, and reputational damage. Ledgible, the leader in digital asset tax and accounting solutions for traditional finance enterprises, fintech companies, and accounting professionals, also leads the industry in providing 1099 reporting solutions for digital assets. Ledgible offers a comprehensive platform that simplifies the tax reporting and compliance process for digital assets and cryptocurrencies. The Ledgible platform provides end-to-end support for tax reporting, from transaction data collection to tax form generation. Its intuitive interface makes it easy for users to manage their digital asset portfolios, calculate gains and losses, and generate accurate tax forms both for individuals needing 8949s and Schedule Ds, but additionally for enterprises and institutions that need 1099 report generation for their clients. The Ledgible platform also offers a range of advanced features to help users optimize their tax reporting and compliance, including cost basis calculation, automated tax loss harvesting, and real-time tax impact analysis. Perhaps most importantly, the Ledgible platform is designed to fully comply with the latest IRS guidelines and regulations, giving users peace of mind that their tax reporting is accurate and up-to-date without having to worry about the back-end management of how their data gets compiled. Ledgible has built a reputation as a leader in digital asset tax and accounting, thanks to its advanced features, intuitive interface, and commitment to compliance. Its platform has been adopted by a wide range of clients, from individual investors to institutional funds, and has been praised for its user-friendly design and comprehensive functionality. Overall, the importance of tax information reporting and Form 1099 generation for digital assets and cryptocurrencies cannot be overstated. With the IRS increasing its focus on this area, companies that service US customers must ensure that their tax reporting processes are accurate, compliant, and efficient. Ledgible is the best-in-class solution for digital asset tax and accounting, offering a comprehensive platform that simplifies user tax reporting and compliance. With its advanced features, user-friendly design, and commitment to compliance, Ledgible is helping to set the standard for digital asset tax and accounting in the years to come. To learn more about Ledgible and it’s offerings, visit their website or get in touch with their solutions experts. This article was originally published on Benzinga here. Ledgible provides AICPA SOC 1 & 2 Type 2 assured digital asset tax and accounting solutions for institutions, investors, and professionals. The Ledgible Crypto Platform is the proven crypto asset solution for professionals with leading accounting firms and major digital asset companies globally. Ledgible is used by thousands of firms, enterprises, investors, and professionals to make tax reporting and accounting easy. For more information, visit ledgible.io. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Jan Jahosky jan@verady.com Company Website https://ledgible.io/

March 21, 2023 11:30 AM Eastern Daylight Time

From Middle-Class Families To Millenial Millionaires, Renting Is The New Buying – Rentberry Says It’s Here To Make The Renting Experience A Good One

Rentberry

By Faith Ashmore, Benzinga The American dream used to be that you got married, settled down, purchased a home and grew old. Today that landscape looks a lot different, and buying a home is not as common as before. While it’s undeniable that financial burdens like increased debt, growing home prices and rampant inflation are contributing to the decrease in home purchases, consumer behaviors and preferences are also shifting towards renting in lieu of buying. Approximately 43 million families live in rented apartments in America; this is the highest level in half a century. Internationally the trends are largely the same; for example, 56% of Swiss and 40% of Germans choose to rent versus buy. And it’s not only people who can’t afford a mortgage that are choosing to rent. In the past five years, the number of households making $150,000 or more a year that decided to rent increased by 82%, and the number of millionaire renter households tripled between 2015 to 2020. So Why Are People Choosing To Rent Instead Of Buy? For starters, it is difficult for people to lock into a 30-year mortgage. Not only do you need a good credit score to get approved, but rising mortgage rates have caused many households to be priced out of buying and remain in the renting space. COVID-19 has made renting a lot more desirable because of the increase in work-from-home options. Prior to the pandemic, 57% of Americans said they rarely or never worked from home. Now a plethora of companies offer remote work as an option, and because of this, people are not geographically tied to their job. This has increased the desire for people to move more freely, and renting makes the most sense for this type of lifestyle. People might want to live in Miami for three months and then go to Los Angeles for the next six. Renting has also become more desirable among millennials because they view buying a house as a step that can be achieved later in life. Millennials are more concerned about debt than they are about buying a house and because of this, they’ve gravitated towards renting for longer. Because of this, more people are looking for mid-term rentals. In a world of digital nomads and professionals working from home, not to mention people who frequently travel for education or work, the need for mid-term rentals is on the rise, and while many companies offer rental services, only a few cater to those searching for mid-term accommodation. Rentberry Inc. is an online rental platform that looks to streamline the entire process and makes renting easy and accessible. What’s more, Rentberry plans to introduce a Flexible Living solution dedicated entirely to mid-term rentals. The Flexible Living feature is for people who are looking for rental agreements between three and 12 months. Rental properties that are part of this program require no security deposit and are fully furnished. As Renting Trend Continues To Increase, The Need For A Comprehensive And Easy Rental Platform Might Be Imperative One of the reasons that Rentberry reports it is such an attractive platform for users is that they bring transparency, accessibility, and ease to the world of renting. To date, renting has been a difficult process with little automation, but Rentberry is seeking to change this. Rentberry is a platform where all rental tasks can be done in one place. The platform is simple and intuitive, and Rentberry offers landlords and tenants a modern, contact-free, and automated means of renting properties. On Rentberry, an applicant can see how many offers have been submitted for a listing as well as other pertinent information. A potential tenant can then submit an application, upload all necessary documentation, and if they are approved by the landlord, there is a lease eSign option. From there the rental property is managed digitally through Rentberry. The company aims to be a one-stop shop for all renter needs – the platform allows tenants to make monthly payments, request maintenance and communicate with the landlord. Plus, if and when a tenant decides to change properties, their previously saved information is ready to be plugged into a new application. Rentberry understands the importance of simple organization and systems that foster a healthy tenant-landlord relationship. Rentberry could be changing the game when it comes to renting, making it easier for tenants and landlords alike. There is no indication that the increase in renting is slowing down any time soon, and Rentberry’s platform could very well become a household name when it comes to renting. This article was originally published on Benzinga here. Rentberry is the first closed-loop platform that makes the long-term rental process transparent and safe, offers contactless rental experience, and helps properties realize their true market price. Its patented technology allows tenants to submit custom offers and potentially save $87 billion on move-in costs that are currently blocked as rental security deposits. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Oleksii Humeniuk o.humeniuk@rentberry.com Company Website https://rentberry.com/

March 21, 2023 09:25 AM Eastern Daylight Time

Sekur Private Data Set To Launch Swiss-Hosted SekurVPN — First 5000 Subscribers Get A 60% Yearly Discount

Sekur Private Data Ltd

By Faith Ashmore, Benzinga Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) announced they will be launching a private, Swiss hosted and highly encrypted, non-big tech VPN solution. Sekur is a US-listed cybersecurity and internet privacy company that provides private and secure communications solutions. It uses its own servers hosted in Switzerland, and military-grade encryption security and combines it with its proprietary encryption and Swiss data privacy laws. The company has responded to growing demand from its existing consumer and business users that have asked the company for a VPN product, and Sekur has completed its state-of-the-art Swiss-hosted VPN privacy solution. Sekur has acquired all the servers needed for the encryption processing and hosting of SekurVPN in its Swiss data centers. The official launch of SekurVPN is set for April 7, 2023. Currently, the company is offering a pre-registration discount to all of its existing Sekur users and shareholders. Pricing will be as follows: $7/month per user or $70/year per user. However, Sekur is offering a promotional price to celebrate the launch. The first 5,000 people to register will receive a 60% discount on the yearly price, totaling $28/year per user for the first two years. Users can go to www.sekurvpn.com to get the offer directly. SekurVPN was designed to help users wanting to mask their IP addresses from hackers. One example of the VPN solution in action would be a user being able to have full privacy and protection from hackers hijacking location information when a user logs into their bank or email. One major factor about SekurVPN is the fact that users will not need to register their phone numbers to download the App on iOS or Android, rendering the user “invisible” to hackers snooping on users’ phone numbers and penetrating their devices through that weakness. Alain Ghiai, CEO of Sekur Private Data said: "We are very excited to announce this pre-registration opportunity for our users and shareholders and anyone wishing to have true privacy on the internet, at a 60% discount to our already very affordable pricing model. The launch of SekurVPN is set for April 7, 2023. We have high hopes for the success of SekurVPN, due to its highly private nature, since it does not use any big tech or computing or hosting and offers only Swiss IPs. Our prime directive is to provide private and secure communications for everyone, and, as we are not connected to any Big Tech or Hyperscaler platform, we offer a truly independent, private and secure means of communications without any data mining, through our proprietary technology and our secure servers based in Switzerland. We look forward to continuing to offer true data privacy to all individuals and their businesses and protect their intellectual property, and their privacy, from data miners and malicious hackers." Sekur is a closed-loop platform with layers of security and SekurVPN is an extension of its commitment to privacy. The company’s existing corporate products like SekurMail and SekurMessenger offer users complete privacy because its code is unavailable for the manipulation that causes hacks, and its Swiss hosting protects users from privacy intrusive laws. In today’s day and age of hacking and cybersecurity threats, it is important to have access to true privacy, and Sekur can help you achieve just that. This article was originally published on Benzinga here. Sekur Private Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure communications and secure data management. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools. Sekur Private Data Ltd. sells its products through its websites www.sekur.com and www.sekursuite.com, and approved distributors, and telecommunications companies worldwide. Sekur Private Data Ltd. serves consumers, businesses and governments worldwide. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Corporate Department corporate@sekurprivatedata.com Company Website https://sekurprivatedata.com

March 21, 2023 09:25 AM Eastern Daylight Time

Accel backs Appbrew as it drives retention and conversion for ecommerce sellers with native mobile apps

Appbrew

More than 66% of Shopify orders were placed via mobile devices and online sellers with a mobile app are 3 times more likely to generate a sale. Helping merchants benefit from these tailwinds, mobile app platform Appbrew is today announcing a $2m seed funding led by Accel with participation from Riversde Ventures and prominent angels to scale their app building platform. Appbrew is promising an unrivaled mobile shopping experience for customers through their very own native app. Appbrew is a no-code ecommerce mobile app platform that enables any ecommerce brand to quickly create native mobile apps for iOS and Android mobile devices. This replaces the current uncertain, unreliable and expensive means of using third parties or building tech resources. Appbrew prioritizes giving freedom and control to its users with a drag-and-drop interface that empowers brands to create and iterate their apps in a self-serve way. Appbrew also supports an unlimited number of custom pages & complete layout customization. This enables apps to serve as authentic brand extensions. All of these features emphasize a creative and organic approach to app development. It discourages frameworks and unnecessary restrictions. Launched in 2022, mobile apps made via Appbrew offer a true extension of the online sellers website retaining brand identity and customer journey flow. The Appbrew platform offers consistent UX across the web store and the app by supporting third-party integrations. It also generates app-specific promotions (discounts and offers) on their online stores for transactions completed via the app which encourage higher conversions. Appbrew founders Abhijeet Singh (CEO), Mayank Agarwal (CTO) and Sharat Chandra (CPO) have a long and deep background in building ecommerce tech stacks for Fortune 500 companies and hyper-growth startups at Walmart, United Health Group, Samsung, and Zopsmart, Zupee, Udaan and Otipy.com, In setting up Appbrew, the team interviewed 150 DTC founders, CMOs and their growth leads and learned that they are overcoming their customer retention and conversion-to-sales rates using mobile apps. The reported conversion was up 3x and the average order value increased up to 50% through apps vs mobile website. With these learnings, Appbrew is solving mobile apps capabilities for all ecommerce brands. Abhijeet Singh, CEO and Co-Founder at Appbrew, commented: “With the rise of mobile commerce and the shift to digital shopping, shopping apps have become a part of consumers’ daily lives. Appbrew empowers direct-to-consumer marketing teams to easily create configurable native mobile apps to achieve higher conversion and retention. With Appbrew, ecommerce brands can supercharge their content, commerce and community to drive conversion, retention, and growth.” Smart phones contributed more than 74% of retail traffic in Q’4 2022. “This statistic should encourage any ecommerce business owner to start thinking about a mobile app. Otherwise, they may miss a prime opportunity to capitalize on online shoppers who use their mobile devices to make purchases” added Abhijeet Singh. Pratik Agarwal, Principal at Accel commented: “Excited to partner with Appbrew, as they help brands in building stronger connections with their valued customers. In the current environment of expensive performance marketing, Appbrew increases brand profitability by improving conversion rates and retaining loyal customers. Their emphasis on enhancing mobile shopping experience piqued our interest, and we are pleased to be part of their mission.” Alex Pattis, General Partner at Riverside Ventures added: "We're very excited to have met and invested in Appbrew at this stage. With so much commerce done on mobile, it's imperative to allow brands to deliver an optimal shopping experience. It's great to see appbrew already making it easier for DTC brands to scale through their no-code mobile app platform. Abhijeet's understanding of the problem and background in scaling companies certainly got us excited to partner at this stage." About Appbrew Appbrew is a headless no-code platform that enables global brands to build and scale high-conversion-rate mobile apps. Appbrew is venture backed by Accel (Backers of Shopify, Klaviyo, etc) and Riverside Venture (Backers of Bonobos, Eight Sleep, Slack, DocuSign, etc). For more information please visit https://appbrew.tech/ About Accel Accel is a global venture capital firm that aims to be the first partner to exceptional teams everywhere, from inception through all phases of private company growth. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com About Riverside Ventures Riverside Ventures is an early-stage venture capital fund founded by high-level and experienced operators with an untraditional path into venture. Contact Details Appbrew Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://appbrew.tech/

March 21, 2023 09:00 AM Eastern Daylight Time

Image

Kevel Launches New Retail-Ready Customer Data Platform, Kevel Audience, at ShopTalk

Kevel

Platform monetization leader Kevel announced today it will be launching their new customer data platform, Kevel Audience, live at this year’s ShopTalk event in Las Vegas. Kevel Audience is a customer data platform (CDP) specifically built for digital retailers to better maximize first-party data opportunities and efficiently switch between various channel partners to create tailored customer experiences. “Audience is a unique CDP for a privacy-conscious future. It was built to enable digital retailers with secured first-party data and out-of-the-box advanced segmentation for audience outreach needs,” says Paulo Cunha, General Manager, Kevel Audience. “Kevel Audience is a sustainable CDP offering with hundreds of retail specific attributes and segments for retailers to create custom audiences. This is how Kevel Audience sets itself apart from privacy black-box players who come with risks.” Kevel provides innovative technology that retailers can use to sustain long-term customer acquisition and retention, and remain competitive in a crowded marketplace. The new platform will help collect first-party data from any source whether an e-commerce website, app, brick-and-mortar store, or through CRM. It then unifies and segments users, and allows the personalized audience to be activated wherever a brand needs it – from social media and ad campaigns to email campaigns, onsite personalization, and more. A broad variety of metrics can also be analyzed in the platform’s all-encompassing granular reporting. Deployed in individual AWS data silos, Kevel Audience will put retail users first by providing other key features such as individualized RFM segmentation, custom retail event predictions, and a personalized marketing playbook. “We are in the midst of a retail media rebellion in the advertising and marketing industry, and I’m proud to say that Kevel is leading the charge and empowering retailers to maximize their ROI across platforms,” says James Avery, CEO and Founder, Kevel. “We created this CDP out of a need to reset a landscape that continues to rely on platforms designed for speed and short-term results. With Kevel Audience, retailers can invest in themselves, take ownership of their data, and harness personalized user experiences without compromising.” Schedule a meeting with Kevel at Shoptalk here to learn more about Kevel Audience. To request a demo, click here. ABOUT KEVEL Kevel offers the infrastructure APIs needed to quickly build custom ad platforms for sponsored listings, internal promotions, native ads, and more -- allowing brands to drive new revenue in a user-first way. Kevel is committed to the vision that every online retailer and publisher should be able to add privacy-focused ad revenue streams and take back the Internet from Google, Amazon, Facebook, and other digital monopolies. Customers like Ticketmaster, Yelp, Strava, Klarna, and many more have already launched successful ad platforms on Kevel. The company has received many accolades, most recently winning the 2021 Digiday Technology Award for Best Monetization Platform for Publishers and recognized by Insider as one of the hottest adtech companies of 2021. Learn more at www.kevel.com. Contact Details Kevel Veronica Ruth +1 845-430-8743 kevel@kitehillpr.com Company Website https://www.kevel.com/

March 21, 2023 09:00 AM Eastern Daylight Time

FUTURIS COMPANY (FTRS) HIRES ROBERT DAY AS NEW CFO TO BECOME A FULLY REPORTING COMPANY

FUTURIS CO.

McapMediaWire -- Futuris Company (OTC: FTRS ), a Human Capital Management company (HCM) focused on the areas of Staffing, Consulting, and IT Services, has recently hired Mr. Robert Day as the company’s new Chief Financial Officer. Mr. Day will be focused on completing the company’s PCAOB certified audit with a plan for Futuris to become a fully reporting company as soon as possible. Mr. Day has truly outstanding credentials. He brings nearly 25 years of accounting and financial experience to the Futuris team in a variety of industries and capacities. Robert is known for using innovative business processes to build bottom line growth and improve overall productivity, having been a Chief Financial Officer, a Chief Accounting Officer and a Corporate Controller with extensive experience in Mergers and Acquisitions as well as integrating acquired companies into unified environments. In addition, Robert has successfully taken two companies through the process of going public (IPO) and they both were traded on the NASDAQ Exchange. Robert received his Bachelor of Science degree in Accounting from University of Maryland. He has his MBA in Finance from Loyola University. He is a CPA and a member of the American Institute of Certified Public Accountants, and Maryland Association of Certified Public Accountants. Through the AICPA he is also a CGMA (Certified Global Management Accountant) He is a CMA and a member of the Institute of Management Accountants. Futuris Company has been completing acquisitions on the Human Capital Management fields as well as related IT companies. It plans to continue this acquisition strategy of revenue accretive companies to grow the company. Forward-Looking Statements Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the ability to successfully integrate acquired companies, overall economic conditions, the ability to find qualified personnel, and the ability to find new clients. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business and although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The Company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof. About Futuris Company Futuris is a Human Capital Management (HCM) company focused on Executive Search, Staffing, Consulting services and Tech Services specializing in verticals such as Medical, Accounting/Finance, Information Technology, Recruitment Process Outsourcing (RPO), and Legal. The Company is committed to building a global HCM company through highly targeted and accretive acquisitions and operational efficiencies. For more information, please visit http://futuris.company/. Contact Details: Futuris Company info.it@futuris.company Website: www.futuris.company Twitter: http://www.twitter.com/futuriscompany Reg D and Reg A Offerings: https://www.InvestInFuturis.com Contact Details Futuris Company info.it@futuris.company Company Website http://futuris.company/

March 21, 2023 09:00 AM Eastern Daylight Time

Wingtra lands $22M funding round as their commercial drones take off to new heights

Wingtra

The business use case and appetite for drone technology is growing rapidly, a marketplace that was worth $29.8B in 2022 is growing 38.6% annually. Serving this demand, the world’s largest producer of commercial vertical take-off and landing (VTOL) drones Wingtra is today announcing a $22M series B funding round as they accelerate their operations globally. The funding round included DiamondStream Partners, EquityPitcher Ventures, Verve Ventures, the European Innovation Council Fund (EIC Fund), ACE & Company, John L. Steffens (founder of Spring Mountain Capital) and some of the most successful Swiss Entrepreneurs. Wingtra manufactures professional mapping drones, develops the software for fully autonomous flights and the WingtraPilot app operates the combined solution for reliable, fast and accurate collection and processing of aerial survey data. The drones are making it easier for surveying professionals in industries like construction and infrastructure, mining, environmental monitoring, agriculture and urban planning and land management to digitize their surrounding world. Their signature drone, the WingtraOne VTOL commercial drone has emerged as a formidable aerial data solution on the market. The VTOL design means the WingtraOne can take-off and land almost anywhere, even in confined spaces or on rough terrain enabling widespread data collection It is being used by hundreds of businesses and organizations including CEMEX, Rio Tinto, Army Corps of Engineers and Kenya Red Cross spread across 96 countries. The drones conduct over 100,000 flights annually, having mapped 18 million acres of land and sea (the equivalent of 13.6M football fields). The team successfully released their second generation drone in 2021, the WingtraOne Gen II drone which offers superior survey grade 2D and 3D maps to help users of the data make better decisions. It integrates the highest quality sensors in top-end RGB cameras to create 3D models, helping make digital twins at scale such that a single flight covering over 100 hectares can be digitized at 0.5 in/px. Compared to terrestrial surveying this is up to 30 times faster and 90% cheaper. Wingtra is delivering on the promise of the drone industry to offer effective and reliable means to achieve their needs. Wingtra is the brainchild of four young entrepreneurs Maximilian Boosfeld (CEO), Basil Weibel (VP Growth), Elias Kleimann (CFO) and Sebastian Verling (lead engineer) which was created in the Autonomous Systems Lab of ETH Zurich, one of the world's leading tech universities. Its notable graduate luminaries include Albert Einstein and Swiss entrepreneur and philanthropist Hansjörg Wyss, who financed the Wyss Zurich Translational Center and is also an investor in Wingtra. Wingtra started life as a thesis paper for the university and became a startup at the Wyss Zurich accelerator to an internationally expanding scale-up business and, today, the world's largest producer of commercial VTOL drones. Wingtra employs close to 200 people, has offices in Zurich (Headquarters in Switzerland), Fort Lauderdale (US) and Zagreb (Croatia). Maximilian Boosfeld, CEO and co-founder of Wingtra commented: “Our vision at Wingtra is to create a world where drones help people make the management of large parts of our planet more sustainable and efficient. We reduced the cost of adopting drone assets and increased the data quality. This will help industry to plan better and, fundamentally, improve safety for humans and the environment. We have built the best tool for accurate data collection and have created solutions together with our partners for a variety of use cases our customers face: As an example, our solution is used in all stages of the construction life cycle: from the concept phase (feasibility & right-of-way studies), over the design phase (bidding process, detailed design & site planning), the construction phase (progress tracking to built survey all the way to maintenance, repair and operations. And the same holds true for use cases in agriculture, land management and environmental protection. We will continue to innovate and solve the problems of the future with easy to use solutions.” Wingtra has reinforced its senior leadership with 5 new industry veteran appointments as it scales the company: Marcos Bayuelo joins as VP Product from Hexagon AB where he directed product and innovation at the mining division of Hexagon AB, driving business growth from $12m to $60m in a single product portfolio Aleksandar Kostadinov joins as VP Sales and Customer Success and brings two decades of experience building international sales alliances and introducing Leica and Hexagon products to untapped markets. Alberto Toledo joins as GM in the US from Citrix where revenue lept from $4m to $25m in just three years. Corinna de Maddalena joins as VP People having led HR functions in leading tech companies over 15 years. Marco Schicker joins as COO from Hilti AG where he handled the transformation of global teams and brings insights and strengths as a 3x founder. “Every one of these leaders has the right experience to take Wingtra forward” said Maximilian Boosfeld. “They have all successfully grown several organizations to the next level. With this funding round, the right people and market leading product we are well set to accelerate the company growth.” DiamondStream Partners Dean Donovan: “We are very excited about partnering with Wingtra. The product’s simplicity of use, its high reliability engineering, and the company’s global network of value-added resellers and service providers have positioned it to expand its leadership in the $83+ Billion mapping segment of the aerial intelligence market globally. We look forward to helping the company in the United States and Latin America, which will be increasingly important geographies as Wingtra continues to expand." Wingtra's works to revolutionize the mapping workflow for surveying and mapping professionals to help them execute their work better and faster. Significant new features, camera integrations and product launches can be expected in the upcoming years. About Wingtra Headquartered in Switzerland, Wingtra is the world’s leading VTOL drone solution provider for construction, infrastructure and mining, and urban planning and land management professionals. Since its market entry in early 2017, Wingtra has partnered with the biggest equipment dealers on all continents and has been selling mapping drones globally ever since. In the summer of 2021, Wingtra released the second generation of its WingtraOne drone, the WingtraOne GEN II. The system demonstrates the leading edge of reliability, versatility, efficiency and ease-of-use. To learn more about Wingtra, visit: www.wingtra.com About DiamondStream Partners A thematic aerial mobility fund investing in the next generation aviation and aerospace technologies and services. The Fund’s partners bring strong insight into the economics of aerospace and aviation and a deep commitment to developing the industry based on their experiences as co-founders of Volaris and Eos, Seabury Consulting, British Airways, and Bain & Company’s airline practice. For more information, please visit www.diamondstream.com About EquityPitcher Ventures EquityPitcher is an early-growth Venture Capital firm that supports promising startups from the DACH region. Through close cooperation with renowned industry experts, investors and exit partners, we pave the way for entrepreneurs to attain the three decisive success factors: capital, know-how and network. For more information, please visit www.equitypitcher.com About the EIC Fund The European Innovation Council Fund from the European Commission is an agnostic Fund: it invests across all technologies and verticals, and all EU countries and countries associated to Horizon Europe. It provides the investment component of the EIC Accelerator blended finance. The EIC Fund aims to fill a critical financing gap and its main purpose is to support companies in the development and commercialisation of disruptive technologies, bridging with and crowding in market players, and further sharing risk by building a large network of capital providers and strategic partners suitable for co-investments and follow-on funding. The Fund pays particular attention to the empowerment and support of female founders as well as the ambition to reduce the innovation divide among EU countries. www.eic.ec.europa.eu About Verve Ventures Verve Ventures is a network and technology-driven venture capital firm based in Switzerland. Verve Ventures invests in startups across Europe from Seed stage onward, in software, hardware and healthcare. With a portfolio of more than 150 startups and around 20-30 new investors investments per year, Verve Ventures is one of Europe’s most active startup investors and has been listed among Europe's top 5 deeptech investors. Verve Ventures has grown to around 50 team members in Zurich, Berlin and Paris. www.verve.vc About ACE & Company ACE & Company is a leading global private equity and venture capital firm with over $1.6 billion in total assets. Since its inception, ACE Ventures has invested $400 million in more than 150 startups across various sectors and geographies. With offices in Geneva, London, New York, and Cairo, ACE & Company has a global network of partners and advisers, providing unparalleled support to portfolio companies Contact Details Wingtra Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://wingtra.com/

March 21, 2023 08:00 AM Eastern Daylight Time

Image

News Release

Code Green Apparel (CGAC) Provides Shareholder Update Following Change in Control, Acquisition of Bitcoin Mining Assets and “Shell Company” Status Upgrade

Code Green Apparel Corp.

McapMediaWire -- Code Green Apparel Corp. (OTC: CGAC ), a Bitcoin mining company, is pleased to provide the following shareholder update. CGAC’s new CEO, Logan William Rice, stated, “It is with great anticipation that we bring what we believe to be a unique business model in the OTC space: We will treat our mined Bitcoin as a traditional commodity, in the manner of a traditional gold mining company, for example. We will (1) mine Bitcoin, (2) sell the mined Bitcoin for cash and, (3) on a regular basis, declare and distribute dividends with respect to Available Cash (established by our Board of Directors) to our shareholders. Common shareholders, as a group, will be entitled to 15% of that Available Cash as a dividend when and if declared by our Board of Directors. We aim to build a sustainable and profitable mining operation by leveraging the latest technology and equipment and optimizing our processes to maximize efficiency and profitability. The market for Bitcoin, as well as other digital currencies, has proliferated in recent years, with more investors and institutions entering the space. This has increased demand for mining services, as more processing power is needed to validate transactions and produce new coins. The demand for Bitcoin mining will continue to grow in the coming years, and we intend to capitalize on this significant opportunity to build a successful Bitcoin mining operation. Our business model is based on building and operating a large-scale Bitcoin mining operation. We will acquire the latest mining equipment and technology and optimize our processes to minimize costs and maximize profitability. At least 80% of any capital that becomes available to us will be applied to the purchase of Bitcoin miners, as way for our company to grow its revenue potential through sales of mined Bitcoin. Bitcoin mining is expected to be our only source revenues for the foreseeable future. Our primary marketing strategy will be to leverage our expertise and experience in the Bitcoin mining space to attract investors and business partners. Our mining operation is located in Texas, with our financial institution and their co-location partner, which has favorable electricity rates and a stable political and regulatory environment. We have experienced Bitcoin mining professionals to manage our operations and optimize our efficiency and profitability. We will also invest in ongoing research and development to stay at the forefront of the latest mining technologies and techniques. The company’s acquired Bitcoin miners had been purchased with cash for just over $1,000,000 and these assets have been mining since September 2022. The assets generated gross revenues for all of 2022 of approximately $54,000 – our revenues will be a function of Bitcoin mined and the Bitcoin spot price at which we sell our mined Bitcoin. Over time, we anticipate that our operations will become more layered, but only in ways that we believe will maintain our thin-overhead model and, simultaneously, boost the Available Cash for our shareholders.” Available Cash. For purposes of determining the amount of cash to be distributed as a dividend to the holders of CGAC’s capital stock, the company’s Board of Directors has defined “Available Cash,” as follows: Available Cash shall be calculated as an amount, for any determination period, equal to (1) total revenues from sales of company-mined Bitcoin, (2) less total costs of Bitcoin mined by the company, (3) less cash operating expenses of the company, (4) less cash paid by the company for debt service, both principal and interest, (5) less taxes paid by the company. If there is Available Cash for any determination period, it will be distributed as a dividend to holders of record of the company’s capital stock, as follows: 15.0% to the holders of common stock; 22.5% to holders of Series A Preferred Stock; 20.0% to holders of Series C Preferred Stock; and 42.5% to holders of Series D Preferred Stock. About CGAC Code Green Apparel Corp. is a Bitcoin mining company uniquely positioned within the OTC space. CGAC will treat its mined Bitcoin as a traditional commodity, in the manner of a traditional gold mining company, for example. CGAC will mine Bitcoin, then sell the mined Bitcoin for cash and, (3) on a regular basis, declare and distribute dividends with respect to Available Cash (established by our Board of Directors) to our shareholders. CGAC’s primary business objective is to continually increase its Bitcoin mining capacity, so as to increase cash available for distribution as a dividend to its shareholders. Forward-Looking Statements: This current press release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any products sold or cash flow from operations. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission. Contact: Logan William Rice Chief Executive Officer 612-889-2418 codegreenapparelcorporation@gmail.com SOURCE: Code Green Apparel Corp. Contact Details Code Green Apparel Corp. codegreenapparelcorporation@gmail.com

March 21, 2023 07:30 AM Eastern Daylight Time

1 ... 283 284 285 286 287 ... 594