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New Study Finds Majority of American Insurance Brokers See Major Industry Challenges of Client and Talent Loss Without Adoption of Automation Technology: LINKITSYSTEMS

LINKITSYSTEMS

LINKITSYSTEMS, a knowledge-driven IT partner specializing in solving IT challenges for insurance companies, found in a new data study of American insurance brokers that 55% stated a lack of sophisticated technology to automate administrative tasks like filing claims, underwriting and carrier communications is the greatest challenge facing the insurance industry. More than 65% of brokers said the business consequences of not utilizing technology to streamline these processes would lead to a lack of customer satisfaction, loss of customer base and a potential loss of talent to more forward-thinking brokerage firms. “This data is a wake-up call for an industry lacking true differentiation. Insurance companies, more or less, offer similar products and solutions to their customers,” said Jimmy Iliohan, vice president of North America at LINKITSYSTEMS. “Speed and efficiency through advanced software can become the greatest differentiator for insurance brokers. By leveraging advanced technology like low-code platforms, brokers can rapidly implement new solutions for self-service intake platforms or automation in underwriting or claims processing. Brokers can service the needs of more clients while focusing more energy on the customer experience, thus truly differentiating themselves from their competition.” The study, which surveyed dozens of insurance brokers and executives across the country, also found: 1 in 5 brokers feel a lack of skilled talent is the second greatest challenge facing the insurance industry behind a lack of technology Regarding the day-to-day work stream, more than a third of brokers are concerned about their customer’s experience through the inefficient underwriting and claim process A quarter of brokers would like to leverage technology to improve communications between carriers and customers alike The insurance industry spends the largest part of its IT budget on Underwriting, followed by Claims, Customer Service, Administrative Tasks and Communications, respectively. “While brokers are shouting for tools and solutions to help them do their jobs more efficiently, technology isn’t a cure-all,” said Iliohan. “Technology can certainly help create the state of urgency needed to increase margins and customer satisfaction, however, our data directly points to a strong concern for a lack of skilled talent in the workforce. As companies invest in technology, it will be equally as important to invest in internal education focused on customer service to build a sustainable pipeline of customer and new business.” About LINKITSYSTEMS: A knowledge-based, full-service IT provider, with more than 25 years of experience in developing, designing and managing innovative IT solutions for top 500 organizations and government agencies. With proven knowledge and experience, and with the use of agile teams, LINKITSYSTEMS solves complex IT challenges and provides top-notch solutions in every situation. The company’s expertise specializes in (low-code) application development, enterprise software, data engineering and cloud modernization. For more information, please visit, https://www.linkitsystems.com Contact Details Courtney Moed Hot Paper Lantern for LINKITSYSTEMS cmoed@hotpaperlantern.com Company Website https://www.linkitsystems.com

May 31, 2024 10:14 AM Eastern Daylight Time

From Pets To Humans, Telomir Pharmaceuticals (NASDAQ: TELO) Holds The Key To Extending Life, Reversing Aging

Benzinga

By Meg Flippin, Benzinga Whoever said you can’t turn back time hasn’t heard of telomere gene therapy. A potentially game-changing field in anti-aging treatment, telomere regeneration involves repairing telomeres or the DNA structures that protect the ends of our chromosomes, similar to caps or shoelaces. Numerous studies have shown that fixing them can extend a person’s biological age and even turn back the clock on certain diseases. As we age, our telomeres become shorter, making us more susceptible to age-related diseases such as osteoporosis, arthritis, heart disease, dementia, Alzheimer's and Parkinson's. Telomeres also affect our appearance. Typically, the longer the telomeres, the younger you look. Reversing Aging One Telomere At A Time Repairing Telomeres could prove to be the holy grail of anti-aging treatments, which is why it's a big opportunity. After all, if you could reverse age-related diseases, the benefits could be endless. That’s what Telomir Pharmaceuticals Inc. (NASDAQ: TELO) is hoping proves true with Telomir-1, its potential treatment for age-related conditions. The company says Telomir-1 is the first novel small molecule to lengthen the DNA’s protective telomere caps in order to potentially reverse age-related conditions. The novel molecule – which Telomir is currently testing in mice and dogs, with human clinical trials to come later – binds to critical metals that wear down telomeres. By limiting the availability of metals and interrupting the enzyme function, Telomir-1 seeks to restore cellular metal homeostasis and reverse a person’s biological age. The non-toxic oral therapy provides what the company says is a safe and effective alternative to existing treatments with minimal side effects. Total Addressable Market and investment Opportunity That alone is a big market opportunity for Telomir Pharmaceuticals. The longevity and anti-senescence therapy market is valued at $27.11 billion and is projected to reach $44.92 billion by 2031, growing at a CAGR of 6.8% over 2024-2031. Then there’s Alzheimer's, where telomere length has also received attention as a biomarker. Nearly seven million Americans suffer from this disease that attacks memory and cognitive functions. By 2050, that’s forecast to reach close to 13 million. And let's not forget cancer, another area Telomir-1 could prove effective in fighting. The global oncology market size is projected to reach $521.60 billion by 2033, growing at a CAGR of 8.9% from now until then. Positive Preclinical Studies & Effectiveness So far, Telomir is making progress in proving its effectiveness, with early preclinical studies and collaborations with InSilicoTrials indicating Telomir-1's potential efficacy in telomere elongation and age reversal. Positive outcomes in its animal studies include improvements in mobility and cognitive functions, which sets the stage for the company to achieve what it says are significant milestones. Telomir also points to the results of rat and dog studies to be released later this year, which are expected to show Telomir-1’s efficacy and safety profile. That may boost investor confidence as it gets one step closer to human trials. In March, the company presented a scientific poster at the National University Health System of Singapore (NUHS) Centre for Healthy Longevity Conference 2024 with data showing Telomir-1 lengthed three human cell lines: MRC-5 fetal lung fibroblasts, human umbilical endothelial cells and mesenchymal stem cells. A subsequent poster presentation at the Global Longevity Federation Conference in Las Vegas further demonstrated that total telomere length was augmented following various Telomir-1 treatments. “While more research is needed, these preliminary findings open up the possibility that many diseases long considered inevitable consequences of aging could become avoidable,” said Dr. Michael Roizen, special advisor to Telomir. “This study further demonstrates our belief that Telomir-1 may have the effect of reversing age through telomere regeneration, enabling the production of more stem cells, essentially allowing an individual to repair oneself.” Canine Opportunity Too Telomir is focused on bringing its novel telomere therapy to humans, but it is also going after the canine market, aiming to reverse the aging of America’s best friend. Positive preclinical trials have shown that Telomir-1 may have many applications in the veterinary market. That, too, is a big opportunity for Telomir, given that Americans are poised to spend $156 billion on their pets by the end of this year – with dogs being the most popular pets. The world is getting older, but not necessarily healthier. With age-related diseases exploding, finding ways to reverse the impact of time on our bodies is reaching a fever pitch. Telomir may hold the key to anti-aging with Telomir-1. “It will be a powerful, revolutionary change. Every country in the world would want to use this product,” said Telomir CEO Chris Chapman, if it works on humans. “If we can stop the aging process we can stop age-related diseases.” Featured photo by digitale.de on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 31, 2024 09:30 AM Eastern Daylight Time

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New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype

Benzinga

By James Blacker, Benzinga The world is on the cusp of a new era of more sustainable and efficient transportation with the advent of electric Vertical Take-Off and Landing (eVTOL) aircraft. These potentially revolutionary vehicles are designed to take off and land vertically, making them ideal for congested urban environments and remote areas where runway space is limited. They have a long list of use cases, from faster medical service to global crisis relief. The global advanced air mobility market, estimated at $8.15 billion in 2022, is projected to expand at a compound annual growth rate of 24.6% from 2023 to 2035, driven by advancements in electrical propulsion systems and demand for faster, more efficient transportation. New Horizon Aircraft: A Differentiated eVTOL Product Among the companies developing eVTOL technology is New Horizon Aircraft Ltd. (NASDAQ: HOVR). Its prototype, the Cavorite X7, is a hybrid electric eVTOL that features a patented wing system allowing it to convert to a conventional airplane configuration after taking off vertically. The company claims it can, therefore, go faster, farther, and carry more useful load than other eVTOL aircraft, such as those developed by Lilium (NASDAQ: LILM), Archer Aviation (NYSE: ACHR), Joby Aviation (NYSE: JOBY), and EHang Holdings (NASDAQ: EH). The Cavorite X7 also differs from its competitors in that it uses a hybrid electric main power system allowing it to recharge its battery array in flight and after landing. Technical Milestones In a recent press release, Horizon announced a number of promising technical updates on the development of its prototype, notably including the validation of its patent-pending yaw control system. This system is a crucial component of Horizon’s patented HOVR Wing tech, enabling the Cavorite X7 to remain stable even in strong crosswinds. It offers a smoother and more comfortable ride for passengers while improving control for pilots. Another significant announcement is the start of production and testing of the aircraft’s core vertical lifting fan technology. This milestone was reached thanks to the completion of the detailed design and aerodynamic analysis. The scale prototype of the Cavorite X7 is currently undergoing a rigorous flight-testing program, with important “transition” flight tests on schedule to be completed by mid-summer where the aircraft will complete the transition from hover to full wing-borne flight – something few companies in this space have achieved. Horizon stated that the aircraft is demonstrating stability and control as expected. “Over the past several months, Horizon has made incredible progress. I am continually amazed with the technical aptitude of our team as it clears one engineering hurdle after another. The transition flight testing program has taken significant strides forward, with the aircraft demonstrating impressive stability and control all the way from hover to approaching transition speed,” said Horizon Chairman and CEO Brandon Robinson. Horizon’s unique hybrid eVTOL architecture sets it apart from its all-electric competitors, making the company one to keep an eye on in this space. Learn more about the company here. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 31, 2024 08:30 AM Eastern Daylight Time

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Missed Bitcoin's Run Up To $75,000? Here's Why You Probably Shouldn't Worry

Benzinga

By Kyle Anthony, Benzinga Bitcoin’s recent surge in value, a topic that has caught the attention of both investors and casual observers, might have left some wondering if they missed out on a golden opportunity. In truth, the cyclicality of Bitcoin’s price will likely always leave room for individuals to enter at a reasonable price point and benefit from the appreciation that occurs. Below, we expound on the market dynamics that influence Bitcoin’s price and recent developments that catalyzed the price surge. Factors Influencing Bitcoin’s Price Though Bitcoin is a digital currency, the economic fundamentals of supply and demand still influence its pricing. Given that the underlying protocol/coding for Bitcoin limits its supply to 21 million coins, fluctuations in demand can lead to price volatility. Additionally, factors such as investor interest, adoption rates and macroeconomic conditions affect demand, while mining difficulty adjustments affect the rate of new supply entering the market. A seminal factor influencing Bitcoin’s price is ‘Bitcoin Halving,’ which occurs every four years; the last one occurred on April 19 th, 2024. In simple terms, Bitcoin Halving reduces the rate at which new coins are created. Thus, it is self-induced scarcity written into Bitcoin’s code. The rationale for these quadrennial halving events is to reduce the supply of Bitcoin entering circulation, thus allowing existing coins to keep their value (i.e., avoid inflation). Finally, the mass adoption and securitization of Bitcoin are also influential pricing factors. After rejecting them for almost a decade, the U.S. Securities and Exchange Commission recently approved spot Bitcoin ETFs, which resulted in several financial companies like BlackRock (NYSE: BLK) launching these solutions. Outside of the U.S., markets such as Hong Kong are launching Bitcoin ETFs with great fervor, as there is growing investor demand for these asset types. The securitization of Bitcoin and the usage of these instruments by retail and institutional investors is a growing factor influencing Bitcoin’s price. Bitcoin’s Cyclicality The Bitcoin market cycle refers to the recurring pattern of price behavior in the Bitcoin market, characterized by alternating periods of appreciation and depreciation. During these periods, there are various phases that investors and individuals should take note of, as they can be a gauge as to where the Bitcoin price is heading. Phase 1: Accumulation This occurs when prices are low but small signs of growth appear. During this phase, buyers will accumulate cheaper Bitcoin, representing the point of maximal financial opportunity. Typically, there is bearish sentiment in the market, so volume is low, and prices fluctuate in a tight range near the bottom. Phase 2: Continuation Phase 2 occurs as the price continues moving towards an all-time high. A halving event has historically occurred here, coinciding with shrinking exchange reserves as buyers hoover up supply to capture rising prices in anticipation of new all-time highs. Phase 3: Parabolic When the price eclipses the previous all-time high, price action will start to move exponentially to the upside pushing the price to a new all-time high, which has exceeded the previous landmark by a significant factor. This phase is extremely volatile, with rapid price increases followed by large corrections. Sell volume builds as some investors lock in healthy profits, even as many market participants continue buying, believing the bull market has more room to run. As a result, price volatility is low, given that buy and sell volumes begin to balance against a backdrop of overconfidence. Phase 4: Correction Following the Parabolic phase, the market may see a major correction to the downside. Previous bear market periods have resulted in approximately 80% drawdowns from the top and negative price action for approximately a year. Historical Bitcoin Events Over the years, various market events have influenced Bitcoin’s price. Over the recent decade, the following events have had a material impact on Bitcoin’s price: Silk Road shutdown (2013): In October 2013, the FBI seized the Silk Road, an online marketplace notorious for facilitating illegal Bitcoin transactions. The closure of Silk Road removed a significant source of demand for Bitcoin, leading to a short-term price decline amid regulatory uncertainty and negative media coverage. Bitcoin's first bull run (2013): In late 2013, Bitcoin experienced its first major price rally, soaring to an all-time high of over $1,000 per coin from just $11 per coin in August 2011. This surge in price was fueled by growing mainstream awareness, media attention, speculative trading activity and favorable regulatory developments in some jurisdictions. China bans Bitcoin exchanges (2017): In September 2017, China announced a ban on crypto exchanges and initial coin offerings (ICOs), triggering a significant sell-off in the market. China's regulatory crackdown and concerns over ICO scams and market manipulation contributed to a decline in Bitcoin's price. Bitcoin's bull run and institutional adoption (2020-2021): Bitcoin experienced a remarkable bull run starting in late 2020 and continuing into 2021, reaching new all-time highs above $60,000 per coin. This rally was driven by a confluence of factors, including increasing institutional adoption with several fintech giants coming on board, corporate treasury investments and growing mainstream acceptance of Bitcoin as a store of value and hedge against inflation. Tesla's (NASDAQ: TSLA) Bitcoin investment (2021): In February 2021, Tesla announced that it had purchased $1.5 billion worth of Bitcoin and would accept the cryptocurrency as payment for its products. This endorsement from one of the world's most prominent companies further bolstered Bitcoin's legitimacy as an institutional-grade asset, leading to a surge in price. Bitcoin ETF Launch (2024): In 2024, the long-anticipated launch of spot Bitcoin Exchange-Traded Funds (ETFs) marked a milestone in mainstream cryptocurrency adoption. Following regulatory approvals and growing investor demand for accessible Bitcoin investment vehicles, several financial institutions introduced Bitcoin ETFs, allowing investors to gain exposure to digital assets through traditional brokerage accounts. The introduction of Bitcoin ETFs provided retail and institutional investors with a convenient and regulated means to invest in Bitcoin, further legitimizing its status as an asset class. Keeping An Eye On The Future Of Bitcoin While the recent run-up in Bitcoin’s price may have left many individuals pondering whether they missed a golden opportunity, they can take solace in knowing that such an opportunity may arise again in the future. For individuals who want to remain abreast of the latest Bitcoin and cryptocurrency developments, Caleb & Brown, the world’s leading cryptocurrency brokerage, offers the latest information about what's happening within the cryptocurrency landscape. Visit their website here to learn more and stay prepared to capitalize on opportunities. Featured photo by André François McKenzie on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 31, 2024 08:25 AM Eastern Daylight Time

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BioHarvest Sciences Reports Robust Q1 2024 Financial Growth and Strategic Expansion Plans

BioHarvest Sciences Inc

BioHarvest Sciences CEO Ilan Sobel joined Steve Darling from Proactive to share the company's financial and operational results for the first quarter of 2024. The company reported significant revenue growth in Q1 2024, with revenues increasing by 147% to $5.34 million, compared to $2.2 million in the same period of the previous financial year. This also represents an 18% increase from the preceding Q4 2023. Previous guidance for Q1 2024 was $5.2-5.3 million. This impressive performance was driven by continued strong sales of VINIA®, which fueled revenue growth in the Products division. Sobel highlighted that gross margins in Q1 2024 improved to 56%, compared to 37% in the same period of the prior financial year. In the U.S., total subscribers increased by 122%, while marketing and sales expenditures rose by only 39% compared to the same period in the previous year. This indicates a highly efficient growth strategy that has maximized subscriber acquisition without a proportional increase in spending. Management has set optimistic expectations for Q2 2024, projecting revenues in the range of $5.7 to $6.0 million. The company also anticipates reaching EBITDA break-even in the second half of 2024. This financial milestone is expected to be supported by the launch of a new Contract Development and Manufacturing Organization (CDMO) business unit. This unit has already signed two significant contracts: one to develop patentable, plant-based molecules for a Nasdaq-listed pharmaceutical company, and another for a leader in the nutrition and ingredients industry. Furthermore, BioHarvest Sciences is on track to uplist to the Nasdaq exchange in the second half of 2024. This strategic move is expected to enhance the company's visibility and attract a broader base of investors, providing further growth opportunities. Sobel expressed confidence in the company's direction and highlighted the importance of the new CDMO unit in diversifying BioHarvest Sciences' revenue streams. The development of plant-based molecules aligns with the company's commitment to innovation and sustainability, positioning it at the forefront of the biotech industry. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 31, 2024 08:19 AM Eastern Daylight Time

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Nature's Miracle (NASDAQ: NMHI): Innovating Vertical Farming for Sustainable Agriculture

RazorPitch NMHI

The industry of vertical farming is currently experiencing an unparalleled upswing, propelled by the mounting call for sustainable farming methods and the imperative to tackle issues related to food security. North America stands at the forefront of this growth, commanding close to 40% of the global market share. With a compound annual growth rate of 25.5% forecasted for the rest of the decade, the vertical farming market in North America presents significant opportunities for companies to thrive and innovate within this rapidly expanding sector. One company well-positioned to seize the opportunities presented by this surge is Nature's Miracle (NASDAQ: NMHI). With its focus on vertical farming technology and infrastructure, Nature's Miracle is actively involved in shaping the trajectory of this rapidly growing industry. Market Debut On March 11, 2024, Nature's Miracle (NASDAQ: NMHI) completed a significant business combination with Lakeshore Acquisition II Corp., a special purpose acquisition company (SPAC). This merger marked the beginning of a new chapter for Nature's Miracle, with its securities starting to trade under the ticker symbol NMHI on the Nasdaq Global Market the following day. This event was celebrated with a ceremonial closing bell ringing at the Nasdaq Stock Market studio in Times Square, signifying the company's entry into the public market and the commencement of its new corporate identity. James Li, Chairman and Chief Executive Officer of NMHI, commented on this milestone, stating, “The successful closing of our business combination with Lakeshore marks a significant achievement for Nature’s Miracle. This new beginning on the Nasdaq Global Market under the NMHI ticker symbol is a testament to our commitment to growth and innovation in the vertical farming industry.” Partnerships Nature's Miracle has distinguished itself through its advanced vertical farming technology. The company offers a variety of products, including grow lights, hydroponic systems, and modular container farms branded as "MiracleTainer." These products are designed to optimize environmental conditions and increase production yields, making them highly appealing to indoor growers across North America. On March 20, 2024, Nature's Miracle announced a Memorandum of Understanding (MOU) with Future Tech Inc. (FTC), an Ohio-based financial technology, data systems, and energy integrator company with access to 100 MW of electricity in Ohio. This partnership aims to integrate vertical farming facilities with AI computing data centers. James Li highlighted the significance of this collaboration: “A deal with FTC allows our company to partner with AI Computing Data Center providers to co-locate vertical farming facilities in places where there is favorable electricity supply. We should also be able to tap into the indoor growing markets in Ohio, Illinois, and Michigan.” Nature's Miracle's Venture into Bitcoin Mining NMHI announced its participation in the bitcoin industry's annual BITMAIN World Digital Mining Summit (WDMS) 2024, scheduled for June 16–18, 2024, at the Fontainebleau Las Vegas. James Li, Chairman and Chief Executive Officer of Nature's Miracle, will be a keynote speaker at the WDMS on June 18, 2024, exploring the topic of "Co-location bitcoin mining with vertical farming: capturing the residual heat and carbon emission". In running parallel vertical farms and digital mining operations, Nature's Miracle aims to benefit significantly from the excess heat and CO2 emissions generated by these digital mining and data centers. Efinity Brand Smart Dehumidifier Nature's Miracle Holdings Inc. (NASDAQ: NMHI) continues to innovate in the vertical farming industry. One notable development is the recent announcement of its Efinity brand smart dehumidifier. This product further solidifies Nature's Miracle's position as a leader in providing advanced technology and solutions for indoor agriculture This product marks Nature's Miracle as one of only three companies in the U.S. to offer a dehumidifier specifically designed for the indoor growing market. The efinity dehumidifier is available in two models: the 345-pint-per-day SJD-07EG and the 506-pint-per-day SJD-10EG. Both models adhere to the stringent R-32 environmentally friendly standards, which reduce the use of hydrofluorocarbons (HFCs) and lower the global warming potential (GWP). These features make the efinity dehumidifier a critical addition to Nature's Miracle's product lineup, complementing its existing efinity LED lighting business and creating cross-sell opportunities. James Li emphasized the importance of the efinity dehumidifier in enhancing the company's revenue and market position: “The addition of the efinity dehumidifier will enhance both our topline growth and margin expansion. In addition, Nature’s Miracle can offer a full range of indoor growing products, including the industry-leading efinity grow light, MiracleTainer container farm system, efinity dehumidifier, and growing mediums including Dutch coco and Dutch wool. With indoor farming continuing on its upward trajectory, Nature’s Miracle will continue to enhance its position as a one-stop shopping provider of technology, products, and solutions for the industry.” The global dehumidifier market is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030, presenting a substantial opportunity for NMHI to capitalize on its new product offering. The company anticipates that the efinity dehumidifier will generate over $20 million in annual revenue, tapping into the $500 million industrial dehumidifier market in the U.S. Future Prospects NMHI ’s strategic approach and innovative technology position it well for continued growth. The company’s portfolio, which includes grow lights, hydroponic systems, and modular container farms, is designed to meet the diverse needs of the indoor growing industry. The company's recent MOU with Future Tech Inc. and the launch of the efinity dehumidifier underscore its commitment to expanding its market presence and product offerings. Furthermore, NMHI has been proactive in exploring new opportunities and partnerships. On April 25, 2024, the company announced the successful manufacturing and shipment of its first two customized container farms in its proprietary "MiracleTainer" series to Growterra, LLC, an Ohio-based vertical farming company. These modular indoor farming containers are equipped to monitor and optimize environmental conditions such as temperature, humidity, and nutrient levels to increase production yields over traditional farming methods. Nature's Miracle Holding Inc. (NASDAQ: NMHI) has shown remarkable growth and innovation in the vertical farming industry. From its business combination with Lakeshore Acquisition II Corp. to the launch of its efinity brand smart dehumidifier, the company continues to lead the way in providing advanced technology and solutions for indoor agriculture. With a strong management team and a robust product portfolio, Nature's Miracle is well-positioned to enhance its market share and drive the future of indoor farming. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Awareness Consulting to assist in the production and distribution of content related to NMHI. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com

May 31, 2024 06:00 AM Eastern Daylight Time

Cadiz, Inc. (NASDAQ: CDZI): Water Solutions for a Sustainable Future

CDZI

As climate change exacerbates drought conditions globally, the urgency to address water scarcity grows. Innovative solutions are imperative to ensure consistent access to clean water. Cadiz, Inc. (NASDAQ: CDZI) sets itself up as a pioneering force in water solutions. Established in 1983, Cadiz is dedicated to providing access to clean, reliable, and affordable water through a comprehensive range of solutions encompassing water supply, storage, pipelines, and treatment technologies. Cadiz is a totally different company compared to the Cadiz of 20 years ago. Through acquisitions and the deployment of cutting-edge innovations, Cadiz is positioning itself as a leader in addressing the multifaceted challenges posed by climate change to water access and could be a smart stock to keep an eye on. With a robust portfolio comprising 45,000 acres of land in California, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets, Cadiz, Inc. (NASDAQ: CDZI) is well-positioned to address the evolving needs of the water treatment systems market. Cadiz's Vision and Leadership At the beginning of this year, the company announced Susan Kennedy's transition from Executive Chair of the Board to CEO. This leadership transition signals Cadiz's focus on scaling up development and operational capabilities to meet the evolving needs of the water treatment market. Kennedy's appointment, along with Scott Slater's continued advisory role, reflects Cadiz's dedication to strong leadership and operational excellence. Further exemplifying the CDZI approach is its collaboration with Fenner Gap Mutual Water Company and the Victor Valley Wastewater Reclamation Authority. This partnership aims to develop integrated water infrastructure in San Bernardino County's Mojave Basin region, leveraging recycled water from wastewater treatment plants and pipeline facilities to enhance water supply efficiency and groundwater quality. By fostering innovative partnerships, Cadiz is driving sustainable water management practices and contributing to the resilience of local communities. Securing Investments and Financial Stability On March 15, 2024, CDZI secured a financing agreement totaling $41.2 million with Heerema International Group Services BV, extending its debt maturity to 2027. This agreement provides Cadiz with additional liquidity to accelerate the development of water supply, pipeline, filtration, and storage assets, positioning the company for sustained growth and value creation in the water solutions market. Furthermore, the accomplishment of a financing transaction by Heerema International Group Services SA on April 25, 2024, by Cadiz Inc. strengthened the company's position and supplied liquidity to support the development of water supply projects in Southern California. Partnering for Impact CDZI’s recent partnership with Solstra Communities California underscores its commitment to driving sustainable development and addressing California's urgent housing needs. Through this agreement, CDZI will deliver water from the Cadiz Water Supply and Storage Project to support the development of sustainable housing units, contributing to the creation of vibrant, resilient communities. By partnering with Solstra, Cadiz is demonstrating its commitment to leveraging water resources to drive positive social and environmental impacts. Cascade Groundwater Alliance Treatment Project In a significant development last month, Cadiz's subsidiary, ATEC Water Systems, won a $5.2 million contract to supply water treatment filtration systems for the Cascade Groundwater Alliance treatment project in Gresham, Oregon. This project underscores ATEC's rapid growth and expertise in addressing groundwater contamination. The contract involves manufacturing 140 filters to remove manganese from local groundwater, with delivery expected over the next 12 months. Cadiz, Inc. Update Following B. Riley Securities 24th Annual Institutional Investor Conference On May 30, Cadiz, Inc. (NASDAQ: CDZI) shared insights following its participation in the B. Riley Securities 24th Annual Institutional Investor Conference. In her address, Chairman and CEO Susan Kennedy discussed the company's strategic direction and highlighted key milestones. Firm Contracts for Water Supply A pivotal achievement for Cadiz this year has been securing firm contracts for water supply. These agreements encompass partnerships with two investor-owned utilities, one public water system, and one housing developer, collectively representing over 16,000 acre-feet per year or 65% of the capacity of the Northern Pipeline. Kennedy emphasized, "Having firm contracts in place for water supply is key to project financing, which will enable the company to finalize development and move into the construction stage." Groundwater Storage Project Regarding the groundwater storage project, Kennedy explained, "Water banking at Cadiz would be offered to the market the same way leasing an apartment unit in an apartment complex would work. Agencies with water supply to store during wet years would lease space in our aquifer and pay wheeling rates to use our pipelines to move water in and out of storage during dry years." The estimated cumulative total gross payments for water storage over the 50-year life of their permit is approximately $1.5 billion. Project Financing and Development Addressing the funding strategy, Kennedy outlined plans to pursue financing structures that move project development and capital costs off the balance sheet. She elaborated on the potential formation of a Master Limited Partnership (MLP), stating, "Our objective is to pursue financing structures that allow us to move project development and capital costs off balance sheet and reduce debt and interest costs on the Company's financial statements." Long-Term Vision In terms of the company's long-term vision, Kennedy expressed her aspiration for Cadiz to operate the largest water trading bank in the Southwestern United States. Kennedy underscored Cadiz's commitment to leading the repurposing of fossil fuel pipelines for water conveyance and serving as a model for improving global water access. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Awareness Consulting to assist in the production and distribution of content related to CDZI. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com

May 31, 2024 05:00 AM Eastern Daylight Time

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News Media Group, Inc.

Contact Details News Media Group Jennifer Rivera +1 954-667-9647 jrivera@newsmg.com Company Website https://newsmg.com/

May 30, 2024 03:07 PM Eastern Daylight Time

Video

News Release

QR Code Company Up ’n go Surpasses $1.1 Billion Milestone in Restaurant Payments

Prodigy Press Wire

Up ’n go, a leading QR-code-based pay-at-the-table provider for the hospitality industry recently celebrated over $1.1 Billion in total payments processed. With over 16 million restaurant checks settled seamlessly through its platform, the company, founded back in 2017, has solidified its position as a game-changer in the dining industry. Co-founder and CEO Touradj attributes this milestone to the company’s relentless commitment to providing a superior payment experience. Its impressive usage statistics speak volumes about its efficacy. A staggering 97.3% of guests express satisfaction with the payment experience, with 69.1% indicating that the presence of this QR code solution would influence their decision to return. The platform further saves about 5 to 20 minutes per transaction, enhancing the user experience of both guests and restaurant partners. “It barely takes 7 to 10 days to set up the QR code,” shares the co-founder. With features like easy setup and minimal initial investment, Up ’n go offers restaurants an affordable, low-risk, high-reward solution to streamline operations and boost revenue. Touradj acknowledges the presence of competitors, including industry giants, whose shortcomings have led to payment errors and dissatisfaction among restaurant owners. Up ’n go remains steadfast in its mission to provide the most reliable pay-at-the-table solution. Touradj explains, “Our restaurant partners have been using our solutions for years now as we deliver on our promises.” With a focus on product reliability and customer support, Up ’n go continues to set itself apart from the competition. Direct POS integrations with leading systems such as Aloha and Toast ensure seamless implementation and operation, minimizing disruptions for restaurant staff and guests alike. In addition to revolutionizing pay-at-the-table solutions, the company offers a suite of features designed to enhance the dining experience further. Its QR code-based solution enables guests to pay at the table via various digital wallets, enables splitting the checks, and accepts gift cards at some restaurants with its sophisticated yet user-friendly payment experience. From tableside QR code payments to collecting guest feedback, the platform empowers restaurants to streamline operations and drive profitability. Most of the company’s clientele are experienced big chain restaurants with a large dedicated team. They understand the value of turning tables faster and are focused on providing a good dining experience. “Our prime motive is to provide an amazing guest experience for our restaurant partners,” states Touradj. As the company celebrates this remarkable achievement, it remains steadfast in its commitment to innovation and excellence. “Our focus is always on the next thing,” Touradj remarks. “We’re constantly evolving to meet the changing needs of our restaurant partners and their guests.” Media Contact Name: Touradj Barman Email: contact@upngopay.com Release ID: 1036834

May 30, 2024 03:00 PM Eastern Daylight Time

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QR Code Company Up ’n go Surpasses $1.1 Billion Milestone in Restaurant Payments