News Hub | News Direct

Finseta doubles revenue, turns a profit in transformational year

Cornerstone FS PLC

Finseta CEO James Hickman tells Proactive's Stephen Gunnion the company experienced a transformative year in 2023 as it doubled of revenue and reported a pretax profit of £1.3 million, a significant recovery from a previous loss. Hickman attributed the improvement to a strategic refocus on enhancing the sales pipeline, expanding the payments network, and refining the product and geographical reach. Key strategic changes included shifting from indirect to direct client interactions, which increased the proportion of revenue from direct clients from 78% in 2022 to 95% in 2023. This shift also resulted in margin improvements and an increase in the average transaction value as the company began serving not only small businesses but also medium-sized businesses and high-net-worth individuals. The company also underwent a rebranding from Cornerstone PLC to Finseta, aimed at differentiating itself in a crowded market and reflecting its evolved business strategy and ethos. Furthermore, Finseta expanded its international presence, partnering with best-of-breed payment companies and banks to enhance its service offerings globally. Noteworthy developments included a new corporate card scheme with Mastercard and the approval to provide payment services in Canada, emphasizing Finseta's commitment to geographical and service expansion in its operations. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 13, 2024 10:25 AM Eastern Daylight Time

Video

Syra Health Corp. (NASDAQ: SYRA) Surges Ahead: Q1 2024 Sees 47% Revenue Growth and $3.2 Million Cash Balance

Syra Health

By Kenneth Adams, Benzinga Syra Health Corp. (NASDAQ: SYRA) announced its financial results for the first quarter ended March 31, 2024. Q1 2024 Financial Highlights Revenue of $1.7 million in 1Q24 compared to $1.2 million in 1Q23. Business units excluding Healthcare Workforce grew 333% and comprised 19% of total revenues in 1Q24, versus only 7% in 1Q23. Population Health, driven by demand for epidemiology services, saw an increase of 212% compared to 1Q23. Cash balance of $3.2 million as of March 31, 2024, and no long-term debt. 2024 Financial Outlook The company anticipates full-year 2024 revenue of $9 to $11 million, representing growth of 64%-100% versus 2023. Due to the implementation cycle of customers, the company expects the majority of its contract revenues to be realized in the second half of 2024. Recent Operational Highlights Currently, it has active contracts in 19 states across the nation. Secured a one-year renewable contract with a national healthcare organization worth $660,000 to provide Healthcare Effectiveness Data and Information Set (HEDIS®) outreach and support services essential for fostering positive health outcomes and reducing costs. Announced a one-year, $480,000 contract from the Indiana Department of Health to administer public health and healthcare readiness assessments. Awarded a one-year $450,000 contract for epidemiology services with the Shelby County Health Department in Tennessee, with two additional one-year renewal options, bringing the total potential value of the contract to $1.35 million. Secured a one-year contract with Washington D.C.’s Department of Behavioral Health worth approximately $250,000. The company will conduct an epidemiological study aimed at identifying the prevalence and types of behavioral health conditions that exist among D.C. youth. Won multiple healthcare workforce contracts in states including Missouri, Nebraska and Virginia. Announced that it has been selected as a subcontractor for a contract awarded to Caduceus Healthcare, Inc. by the federal Department of Health and Human Services, Administration for Families and Children, Office of Refugee Resettlement, Medical Staffing and Support, valued at $75 billion. Revenues will be realized after the receipt of task orders. The company’s research study protocol for “Syrenity,” Syra Health’s prevention-focused mental and behavioral health platform, was approved by Pearl Institutional Review Board. The research study will be conducted by renowned university researchers and practicing psychologists who will enroll approximately 300 people with moderate or worse depression severity. Dr. Deepika Vuppalanchi, CEO of Syra Health, said, “We are proud of our impressive growth in 2024, as our revenues in the first quarter grew 47% versus last year. As such, we are confident in our 2024 revenue guidance of $9 million to $11 million, based on contracts in hand and pending implementation. The demand for our services remains strong and we believe we are properly positioned to take advantage. We are currently doing business in 19 states, and we anticipate securing new business from both the private and public sectors. We are excited about our Population Health business unit, which grew over 200% in the first quarter, driven by strong demand for our epidemiology services. Our growth remains strong in our newest business units of Digital Health and Health Education, and we are excited that our Healthcare Workforce business unit has returned to growth in 2024. Syrenity, our mental and behavioral health platform, which is focused on prevention, also holds great promise in terms of revenue for 2024 and beyond. We believe we are at the early stages of accelerating growth, which has been made possible by recent investments in our people and our technology.” Q1 2024 Financial Results Revenue for the quarter ended March 31, 2024, was $1.7 million, compared to the $1.2 million reported in the first quarter of 2023. Strong growth was driven by Population Health, which grew 212% year over year, and Healthcare Workforce, which grew 28% year over year. Digital Health had revenues of $92,250, compared to zero last year. Gross profit margin in the first quarter of 2024 was 10.2%, compared to 12.4% in the first quarter of 2023. The decrease in gross margins was due to the mix shift to Healthcare Workforce. Total operating expenses for the first quarter of 2024 were $1.6 million compared to $921,781 in the first quarter of 2023. Salaries and benefits expenses increased by 61% to support general business growth and sales. Professional fees declined 18% due to decreased legal and other professional costs as the Company completed its IPO process in the fourth quarter of 2023. Selling, general and administrative expenses increased by 87% due to increased operations. Depreciation expense was $12,545 compared to $11,763 in the first quarter of 2023, reflecting expanded office space. R&D expenses were $277,548, reflecting the development of technology-based solutions. Net Loss for the third quarter of 2024 was $1.4 million compared to a net loss of $785,892 in the first quarter of 2023. Adjusted EBITDA for the first quarter of 2024 was $(1.4 million) compared to $(762,710) in the first quarter of 2023. Cash on hand on March 31, 2024, was $3.2 million. Conference Call Management held a conference call to discuss the fiscal year's financial results at 9:00 am ET on May 9, 2024. A replay is available in the Investor Relations section of the company's website at https://ir.syrahealth.com/presentations/q1-2024-earnings-call. Non-GAAP Financial Measures In addition to financial results reported in accordance with accounting principles generally accepted in the United States of America ("GAAP"), the company has provided the following non-GAAP financial measure in this release and the accompanying tables: adjusted EBITDA. The company uses this non-GAAP financial measure internally to facilitate period-to-period comparisons and analysis of its operating performance and liquidity and believes it is useful to investors as a supplement to GAAP measures in analyzing, trending, and benchmarking the performance and value of its business. However, this measure is not intended to be a substitute for those reported in accordance with GAAP. These measures may be different from non-GAAP financial measures used by other companies, even when similar terms are used to identify such measures. For reconciliations of historical non-GAAP financial measures to the most comparable financial measures under GAAP, see the table below. Image sourced from Shutterstock Syra Health is a healthcare technology company addressing some of healthcare's most significant challenges in areas such as behavioral and mental health, digital health, and population health, by providing innovative services and technology solutions. Syra Health’s products and services are centered on prevention, improved access, and affordable care. Syra Health supplies its solutions to payers, providers, life sciences organizations, academic institutions, and government. For more information, please visit www.syrahealth.com. Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." These statements include, but are not limited to, statements relating to the expected use of proceeds, the Company’s operations and business strategy and the Company’s expected financial results. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on management's current expectations and are subject to substantial risks, uncertainty and changes in circumstances. Investors should read the risk factors set forth in our registration statement on Form S-1 and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and, except as required by federal securities laws, the Company specifically disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Christine Drury +1 463-345-8950 Christined@syrahealth.com Company Website https://www.syrahealth.com/

May 13, 2024 09:00 AM Eastern Daylight Time

Image

Competitive Power Ventures (CPV) Announces Leadership Changes

CPV

The Board of Directors (Board) at Competitive Power Ventures (CPV), a leading developer and operator of highly efficient, low emitting electric generation and renewable power in the United States, shared details of a planned leadership transition. Effective January 1, 2025, the Board has promoted Sherman Knight, CPV’s President and Chief Commercial Officer, to succeed Gary Lambert as the Company’s Chief Executive Officer (CEO). Lambert, who co-founded CPV 25 years ago, will assume the role of Executive Vice Chairman of the Board. “Founding and serving as CEO of CPV has been the privilege of a lifetime. I remain committed to the Company and look forward to transitioning into the role of Executive Vice Chairman in January,” said Lambert. “I am confident the success we have built over the last 25 years will continue with Sherman stepping in as CEO. I’ve been fortunate to have worked alongside Sherman for nearly two decades. Throughout that time Sherman has played a major role in our company’s growth and has been a true thought leader at CPV. I am excited for the future of CPV. “I am grateful and humbled by the opportunity to lead CPV into the future,” said Knight. “I truly appreciate Gary’s vision and leadership over the past 25 years. Under Gary’s direction he’s created a vibrant and enduring company that is helping lead the energy transition in the United States. I want to also extend my gratitude to the Board for its confidence in me to further advance CPV’s strategy.” Lambert, in his new role as Executive Vice Chairman of the Board, will continue to work alongside Knight and CPV leadership to ensure the company’s continued success. CPV has added David K. Vickerman to its leadership team, serving as the company’s new Chief Financial Officer (CFO). Vickerman is an industry veteran with a wealth of experience in corporate finance, project financing, and large-scale portfolio growth. His expertise and strategic mindset will help CPV as the company continues to expand its development pipeline and operating portfolio. Paul Buckovich whose tireless efforts and work over the last 23 years with CPV, most recently serving as CFO over the last 10 years, included the execution of some of the most innovative, complex financings for CPV, will assume the role of Executive Vice President of Finance. In this role, Buckovich will continue to lead the CPV’s financing efforts. The Board announced two additional changes, effective immediately, to CPV’s leadership to ensure a stronger focus on two of the company’s main business segments: Low Carbon Development and Renewables. Peter Podurgiel, currently the Executive Vice President of Project Development, where he oversees CPV’s project development and energy transition strategy of low-carbon operations, was appointed to President of CPV Low Carbon Generation. In the new role, Podurgiel will continue to focus on the development, construction, and operation of new, decarbonized gas-fired generation. Sean Finnerty, currently the Executive Vice President of Renewable Power, was appointed to President of CPV Renewables and will oversee the company’s existing renewable operational assets, strong development pipeline, and renewable construction. Both individuals joined the company shortly after it was founded and have since held various leadership roles helping to position CPV as an industry leader to answer energy market needs and ensure a reliable grid. “Both Peter and Sean have been part of CPV since just after its inception. Without their hard work, dedication to our mission, and industry expertise we would not have been able to grow the company into what it is today,” said Lambert. “Both are well-deserving of these promotions and will continue to help lead CPV into its next chapter while keeping the essence of who we are at the center.” CPV Group LP, a partnership majority owned by OPC Energy Ltd., has over two decades of unprecedented success in the development and operation of highly efficient and low emitting electric generation and renewable projects in the United States. CPV is focused on applying its development, financial and project management expertise to advance the next generation of technologies, including an extensive renewable pipeline, and dispatchable power projects that will utilize carbon capture technology, to yield extremely low carbon power that will help drive the nation’s decarbonization goals forward. For more information: please visit www.cpv.com and follow CPV on LinkedIn. OPC Energy Ltd. (OPCE:Tel Aviv), is an energy company leading the Energy Transition revolution in Israel and the USA, and provides electricity in an efficient, reliable and environmentally friendly manner while combining solar energy, wind and natural gas with high efficiency. In Israel, OPC is the first and leading private electricity producer, offering its customers an integrated energy solution that includes the supply of all energy needs through the company's production sites and in the customer's yard using natural gas and solar energy, as well as charging electric vehicles. In the USA, the company operates through the CPV Group, which supplies electricity using efficient natural gas and wind energy, and also builds and develops Powerhouse using natural gas, natural gas with reduced emissions, as well as solar and wind energy. For more information: please visit www.opc-energy.com/en Contact Details Tom Rumsey +1 240-281-3724 trumsey@cpv.com Company Website http://www.cpv.com

May 13, 2024 09:00 AM Eastern Daylight Time

Menopause Is A $600 Billion Market Opportunity For Companies Like Rootless That Are Looking To Provide Women Much-Needed Solutions

Benzinga

By Faith Ashmore, Benzinga In the past few years, women’s health has been brought to the foreground, and many women are turning to more natural approaches to feel like their best selves. From cycle syncing to eating certain herbal remedies to even transitioning away from hormonal birth control, there seems to be a cultural shift of women embracing more natural remedies to support their overall wellness. Doctors have witnessed a slow decline in prescription requests, with a 9% decrease in oral contraceptive use between 2002 and 2017. However, notably, Gen Z has taken to social media to express their dissatisfaction with Big Pharma and concerns over the side effects of hormonal drugs. This isn’t to say that only younger women are developing a deeper awareness of different approaches to wellness. Herbal medicine has been shown to help women from menstruation to menopause and beyond. Historically, women’s health issues like menopause have often been relegated to the sidelines – many women were expected to suffer in silence – but today, education around menopause is growing, which has created an estimated $600 billion opportunity in treating women experiencing menopause for companies willing to provide solutions to half of the population. This Seaweed Company Is Reshaping How We Approach Women’s Health Rootless is a company dedicated to revolutionizing aspects of the global food system, with a particular focus on women's health. Founded by Sachi Singh, a passionate advocate of seaweed, this company is on a mission to make the health benefits of seaweed accessible to all. Recognizing the transformative power of this superfood, Rootless aims to create products that not only enhance individual health but also contribute positively to the planet and communities. Sachi's personal health journey has played a significant role in shaping the vision of Rootless. Having struggled with hormonal acne and various hormonal disorders since her early teens, like so many other women, she discovered that treating the root cause of these issues was more effective than simply addressing the symptoms. She has pursued this passion to create a business model that intersects women’s health and the environment. Rootless's flagship product, The Daily Bites, supports hormone health in menopause and beyond with over 40 macro and micronutrients in a whole-food snackable supplement, including vitamins, minerals, and unique bioactives. Rootless goes beyond individual health to attempting to address the well-being of the planet. The company sources its seaweed from the Atlantic Ocean off the coasts of Maine and Ireland and says it meets rigorous quality standards. The seaweed is sustainably harvested, providing livelihoods to coastal communities while simultaneously helping to heal the surrounding ocean environment by absorbing carbon. By sourcing their seaweed sustainably and supporting coastal communities, Rootless not only aims to help women navigate their health but also contributes to the healing of our planet. In a consumer trial where women ate one of the company’s Daily Bites every day for four weeks, 86% experienced higher energy and/or improved metabolism and 83% experienced less bloating and/or constipation, while 97% experienced less hormonal acne and/or dryness. For women experiencing these and other health issues, products like these can provide some relief. Rootless is currently hosting a raise to assist with increasing the company’s presence and support more women worldwide. Click here to learn more about the company’s raise and how to participate! Photo courtesy of Rootless. 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 13, 2024 08:45 AM Eastern Daylight Time

Image

Battery Mineral Resources Corp. Announces Resumption of Copper Concentrate Production at Punitaqui

Battery Mineral Resources Corp.

Battery Mineral Resources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF ) (“ Battery ” or “ BMR ” or the “ Company ”) is pleased to announce the resumption of mill operations and first production of copper concentrates at its Punitaqui project in Chile. Martin Kostuik, Battery’s CEO stated, "The commencement of copper concentrate production at Punitaqui marks a significant milestone for BMR and in establishing Chile's next copper mine. Having efficiently applied capital, it has paved the way for near term copper production at Punitaqui and positioning the company favorably to generate meaningful cash flow. With the commencement of copper concentrates production, a proficient operational team, and a promising outlook for robust copper markets, we aim to enhance shareholder value further. We eagerly anticipate sharing our progress and results as 2024 progresses." Operational Highlights 2024 The Company has initiated copper concentrate production after the successful commissioning of the recently refurbished and upgraded mineral processing facility at Punitaqui. Mining activities to establish access to the mineralized zones in both Cinabrio and San Andres continue to ramp up with stockpiling of fresh mill feed. Cinabrio is the original mine that supplied feed for the first 10 years of prior operations, primarily by Glencore plc. During the ramp up period of the mines, the Company is looking to boost the revenue stream by processing mill feed from external sources. Supply to the mill over the coming months will be a combination of fresh material from the Punitaqui mines and feed from outside sources including material from private mines in the area, and copper smelter slags. Anglo-American Agreement The source of slags supply is made possible by the Anglo-American PLC (“ Anglo ”) agreement announced on February 13 th, 2024. Anglo has agreed to purchase all the copper concentrate to be produced from 240,000 tonnes of Anglo-supplied copper smelter slags. Milestones The timeline from first fresh mine feed through the mill to reaching planned capacity is expected to require approximately nine months, reaching a run rate of ~90,000 tonnes per month. BMR expects that the Punitaqui full annual copper production rate will be in the range of 19 million to 23 million pounds of copper in concentrate with an operating margin of $35 million to $50 million at current copper prices. While the Cinabrio and San Andres mines are reaching full production, the Company will continue processing mill feed from outside sources and advancing toward its newly discovered Cinabrio Norte zone, to commence production of mill feed from that zone in H2 2025. As part of the ongoing operational readiness during 2024, BMR is executing underground infill and extensional drilling at San Andreas and Cinabrio. The drilling program is designed to further define areas that could be included in near-term mine sequencing and for grade control purposes. The company looks forward to reporting the results of this drilling during the course of the year. Closing of Convertible Debenture Offering BMR is also pleased to announce that it has closed its US$400,000 (approximately C$549,360) private placement (the “ Private Placement ”) of senior unsecured convertible debentures (the “ Debentures ”), which was previously announced on March 11, 2024. As previously announced, the Debentures will mature on September 30 th, 2026 (the “ Maturity Date ”) and will bear interest at 10% per annum, compounding annually on September 30 th of each year, not in advance. Interest accrued from the date of issuance up to and including March 30 th, 2025, will be paid by way of issuance of common shares of the Company. Interest accrued following March 30 th, 2025, will be, at the option of the holder, paid either in cash or by way of issuance of common shares of the Company. The issuance of common shares as payment of interest will be at the then current market price of the Company’s common shares at the date the interest becomes payable and will be subject to the prior acceptance of the TSX Venture Exchange and applicable securities laws. The holder of a Debenture may, at their option, at any time preceding the Maturity Date, convert all, but not less than all, of the principal amount of such Debenture into common shares of the Company at the conversion price of US$0.22 per share (approximately C$0.30 per share). All Debentures issued in the Private Placement and in connection with the debt consolidation are subject to a four month hold period under applicable Canadian securities laws and under the policies of the TSX Venture Exchange. The Debenture issuances are subject to acceptance by the TSX Venture Exchange. MI 61-101 Matters Weston Energy II LLC, a subscriber for Debentures in the Private Placement, is a “related party” to BMR pursuant to pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 “). Prior to giving effect to the transactions disclosed in this news release, Weston Energy II LLC and its affiliates owned or controlled (directly or indirectly) 107,578,740 BMR Common Shares on an undiluted basis (representing approximately 59.4% of the outstanding BMR Common Shares on an undiluted basis). Weston Energy II LLC’s participation in the Private Placement constitutes a “related party transaction” for the purposes of MI 61-101. The transaction is exempt from the formal valuation requirements of MI 61-101 as the fair market value of the transaction does not exceed 25% of BMR’s market capitalization and BMR is not listed on a specified market (pursuant to the exemptions set forth in Section 5.5(a) and 5.5(b) of MI 61-101, respectively) and is further exempt from the minority shareholder approval requirements of MI 61-101 by virtue of Section 5.7(1)(a) and 5.7(1)(b) of MI 61-101 which provides that a related party transaction is exempt from the minority shareholder approval requirements if the fair market value of the transaction is not more than 25% of the issuer’s market capitalization or is not more than $2,500,000, respectively. Additional Disclosure Regarding the Fiera Credit Agreement BMR is also providing additional information in connection with the C$8M credit agreement with Fiera Enhanced Private Debt Fund. ESI Energy Services Inc., a subsidiary of BMR and the borrower under the credit agreement, paid a commitment fee of C$120,000 in connection with the signing of the credit agreement. Exchange Rates All USD amounts for which CAD equivalent amounts are given in this news release were calculated at CAD/USD exchange rate of 1.3734, the exchange rate published by the Bank of Canada on May 8 th, 2024. About Battery Mineral Resources Corp. Battery Mineral Resources has re-started and is currently ramping up mine and mill operations at the Punitaqui Mining Complex, a historic copper-gold-silver producer, in the Coquimbo region of Chile. The mission of the Company is to provide shareholders with an opportunity to realize growth in value via generation of positive cashflow at Punitaqui and to use this momentum as a platform to build a mid-tier copper producing company. BMR strives to be a company providing shareholders accretive exposure to the global mega-trend of electrification while being focused on growth through cash-flow, exploration, and acquisitions in favourable mining jurisdictions. Battery Mineral’s mission is the discovery, acquisition, and development of battery metals (primarily copper and also cobalt, lithium and graphite), in North America, South America and South Korea and to become a premier and responsible supplier of battery minerals to the electrification marketplace. BMR is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp in Ontario, Canada, and continues to pursue a focused program to build on the +1-million-pound high-grade cobalt resource at McAra. In addition, Battery Mineral owns 100% of ESI Energy Services, Inc. (including ESI’s wholly owned USA operating subsidiary, Ozzie’s, Inc.), a profitable mainline pipeline and renewable energy equipment rental and sales company with operations in Alberta, Canada and Arizona, USA. Battery Mineral Resources is based in Canada and its shares are listed on the Toronto Venture Exchange under the symbol “BMR” and on the OTCQB under the symbol “BTRMF”. Further information about BMR and its projects can be found on www.bmrcorp.com. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. Forward Looking Statements This news release includes certain “forward-looking statements” under applicable securities laws. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, the ability of the Company to meet its anticipated development schedule, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. Battery undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as may be required by law. For further information regarding the risks please refer to the risk factors discussed in Battery’s most recent Management Discussion and Analysis filed on SEDAR+. Contact Details Martin Kostuik, CEO +1 604-229-3830 info@bmrcorp.com IBN (InvestorBrandNetwork) Corporate Communications +1 310-299-1717 editor@investorbrandnetwork.com Company Website https://bmrcorp.com/

May 13, 2024 08:30 AM Eastern Daylight Time

Cboe Continues To Increase Financial Access, Now Offers More Than 1,000 ETFs

Benzinga

By Cboe Exchange-traded funds (ETFs) are an essential part of many investment portfolios, offering a broad spectrum of strategies and asset classes to both retail and professional investors. As the investment vehicle has matured, the scope of investments and strategies it utilizes has dramatically expanded, helping to democratize a wide range of opportunities around investment themes, styles and even advanced options strategies. This expansion of ETFs has not only enhanced accessibility but also helped improve risk management, liquidity and returns for institutions, advisors and retail investors. However, these innovations would be slow-moving to non-existent without the key players doing the hard work behind the scenes. Cboe Global Markets Surpasses 1,000 ETF Listings As one might expect, the advantages ETFs provide investors have played a significant role in their growing popularity. Cboe Global Markets (BATS: CBOE) is the world’s go-to derivatives and exchange network, and it recently celebrated listing over 1,000 ETFs across its global exchange network. In the first quarter of 2024 alone, Cboe welcomed 106 new ETF securities, underscoring its growing role in the global ETF market. Cboe’s extensive offerings include innovative funds like derivatives overlay ETFs, thematic ETFs and the newly-launched spot bitcoin ETFs. Cboe has also proposed to the Securities and Exchange Commission (SEC) the creation of an ETF share class for existing mutual funds. If approved, this innovation would allow asset managers to offer mutual fund portfolios in ETF format, providing investors with more flexibility and choice. As mentioned previously, Cboe also offers a variety of ETFs that utilize options strategies to provide alternative investment approaches, including hedging, income generation and leveraged returns. For instance, covered call ETFs hold stock portfolios and sell call options, generating income from premiums that can buffer against market dips or boost overall yield, while overlay ETFs implement strategies like protective puts to manage downside risk and enhance returns, illustrating the diverse applications of options within ETFs. With these strategic expansions, Cboe even further cements its position as a key player in the ETF market, currently holding the position of the second-largest ETF listing venue in the U.S. and leading positions in Europe and Canada. The integration of advanced market intelligence and technology, coupled with a global liquidity provision program, has further solidified Cboe's reputation for fostering innovative and collaborative ETF listing experiences catering to an increasingly sophisticated investor base. Why Cboe Is a Preferred Listing Venue For ETFs Cboe's reputation as a premier listing venue is well-earned due to its commitment to providing unparalleled access to capital, liquidity support and comprehensive post-launch services. Leveraging its network across the U.S., Canada, the U.K., Europe and Australia, Cboe ensures global access to capital and liquidity, adding to its appeal as a desirable platform for ETF issuers. This accessibility is crucial for investors as it means that ETFs listed on Cboe are backed by a robust infrastructure capable of effectively promoting visibility and liquidity. Cboe's distinction as a premier listing venue also comes from the breadth of its innovative services. It is the only exchange network that provides a seamless path for cross-listing across multiple national exchanges to enhance global capital access and liquidity. This network supports purpose-driven companies and asset managers in broadening their reach and impact, exemplified by BlackRock's (NYSE: BLK) launch of new iShares across all Cboe exchanges. Embracing Innovative ETF Solutions ETFs were an incredibly innovative solution empowering investors all over the world with simple and effective investment opportunities, but their innovation and expansion are far from complete. Through Cboe’s leadership, investors are seeing more and more innovative solutions that redefine boundaries by opening new investment opportunities to the public via simple ETF offerings. As this trend continues to unfold, it looks set to continue to enhance the scope of investment options available to investors. Featured photo by Scott Graham 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 13, 2024 08:30 AM Eastern Daylight Time

Image

New Tech Paves the Way for Faster Airport Security

MarketJar

Airport security delays and operational disruptions are becoming an increasingly common headache for travelers around the globe, often leading to missed flights and mounting frustrations. A recent incident at Birmingham Airport vividly illustrates this growing problem. Lucy Kenneally and her boyfriend Matthew experienced the chaos firsthand when they endured a staggering four-hour wait in the security line and ultimately missed their flight. 1 Days later, Gatwick Airport faced significant delays after a fire alarm in the South Terminal prompted a full evacuation, causing passengers to be stuck on the runway and leading to a cascading effect of delayed departures. 2 Of course, these are just a few examples that highlight a much bigger issue. In reality there are thousands of delayed flights every day across the US and up to 20,000 delays every single day around the world. The problem has gotten so bad that the Biden administration has developed a new rule to address one of the most pressing travel grievances: flight delays. 3 Announced in late April, the rule mandates airlines to provide automatic refunds for delays that disrupt travelers' plans significantly, reflecting a major shift towards enhancing passenger rights. Another major issue that demands an urgent solution are airport security breaches. According to the US Transportation Security Administration (TSA), there have been at least 300 instances of people bypassing parts of airport security in the last year. 4 These security concerns are coming to light at a time when the TSA is working to solve airport security issues by upgrading checkpoints with more advanced technology developed by AI security company Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF). Liberty Defense specializes in advanced security solutions tailored for areas with high pedestrian traffic and heightened security needs, including airports, stadiums, and educational institutions. The company's flagship product, HEXWAVE, licensed from the Massachusetts Institute of Technology (MIT), offers discreet, scalable protection that detects both metallic and non-metallic weapons. Revolutionizing Airport Security with Advanced Technology Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF) has successfully deployed HEXWAVE across various market verticals and signed several large contracts with airports around the globe. The company also inked a $3.8 million contract with the TSA for its High-Definition Advanced Imaging Technology (HD-AIT) Wideband Upgrade Kit to improve detection capabilities and enhance the passenger experience. On May 13, Liberty Defense announced that its HEXWAVE system has been selected by the Frederick Douglass Greater Rochester International Airport (ROC) to enhance the TSA’s Aviation Worker Security Screening. ROC, a vital transportation hub serving about 2.4 million passengers annually with 120 daily flights, is now the first U.S. airport to integrate HEXWAVE into its security operations. This deployment marks a notable step in using advanced technology to bolster airport security and operational efficiency. “As industry leaders, we are excited to be the first airport in the United States to acquire the HEXWAVE system to use in our broader airport security program,” said Deputy Director at the Frederick Douglass Greater Rochester International Airport Andrew Moore. “ We will use the HEXWAVE to provide enhanced security and an improved screening experience in non-traditional areas of the airport. We are excited to work with Liberty Defense as we are continually looking to innovate and improve the overall safety of our airport.” Unlike traditional weapon detection technologies, HEXWAVE utilizes millimeter wave technology, advanced 3D imaging, and AI to detect a wide range of concealed metallic and non-metallic threats—including liquid, powder and plastic explosives, and 3D printed ghost guns—without requiring passengers to remove common items like belts and shoes. This capability allows for a faster, more seamless screening process, enhancing the flow of traffic and reducing bottlenecks at security checkpoints. Liberty Defense is also expanding into international markets, announcing a recent shipment of its HEXWAVE™ system to Amsterdam’s Schiphol Airport in the Netherlands and Subic Bay Airport in the Philippines. Click here for more information about Liberty Defense (TSXV:SCAN) (OTCQB:LDDFF). [1] https://nypost.com/2024/05/06/lifestyle/england-airports-15-minute-security-wait-turns-into-4-hour-nightmare/ [2] https://www.dailymail.co.uk/news/article-13399237/Chaos-London-Gatwick-airport-passengers-evacuated-South-terminal-fire-alarm-goes-amid-fears-flight-delays-inevitable.html [3] https://www.vox.com/politics/24147613/flight-delay-refund-white-house-rule [4] https://www.washingtonpost.com/travel/2024/04/04/airport-security-tsa-stowaway/ Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Liberty Defense Holdings Ltd. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Liberty Defense Holdings Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Liberty Defense Holdings Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-scan. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Liberty Defense Holdings Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Liberty Defense Holdings Ltd.’s industry; (b) market opportunity; (c) Liberty Defense Holdings Ltd.’s business plans and strategies; (d) services that Liberty Defense Holdings Ltd. intends to offer; (e) Liberty Defense Holdings Ltd.’s milestone projections and targets; (f) Liberty Defense Holdings Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) Liberty Defense Holdings Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Liberty Defense Holdings Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Liberty Defense Holdings Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Liberty Defense Holdings Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Liberty Defense Holdings Ltd.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Liberty Defense Holdings Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Liberty Defense Holdings Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Liberty Defense Holdings Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Liberty Defense Holdings Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Liberty Defense Holdings Ltd.’s business operations (e) Liberty Defense Holdings Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Liberty Defense Holdings Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Liberty Defense Holdings Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Liberty Defense Holdings Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or such entities and are not necessarily indicative of future performance of Liberty Defense Holdings Ltd. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

May 13, 2024 08:30 AM Eastern Daylight Time

Image

Bitget Wallet Unveils GetDrop: An Exclusive Airdrop Platform for High-quality Projects

Bitget

Bitget Wallet, a prominent Web3 wallet, recently unveiled its new airdrop platform, GetDrop. This platform is designed to offer exclusive airdrop campaigns tailored for high-quality projects. Bitget Wallet collaborates with both potential and popular project teams in the industry to provide airdrop rewards to active wallet users, thereby aiding in the growth of project data and enhancing brand influence. GetDrop is a premier launch featured in the Bitget Wallet Earning Center. It is a newly initiated incentive program for Bitget Wallet's users and BWB points/BWB token holders. It serves as an exceptional gateway for Bitget Wallet's ecosystem partner projects to connect with and engage an active, high-quality Bitget Wallet user base. Each campaign is orchestrated to cater to the specific needs of project teams, highlighting their unique product features and key objectives. The initial campaign of the GetDrop platform focuses on meme coins, in collaboration with nine meme coin projects: MANEKI, ROOST, QUACK, MOEW, FOMO, MUMU, EPIK, APU, and CATGPT, offering a total reward pool of $130,000 worth of tokens. Users can participate by signing up at Bitget Wallet's Earning Center and completing tasks such as social media interactions and Swap transactions. Additionally, Bitget Wallet is planning its second phase of GetDrop centered around the recent hot topic of SocialFi, launching an exclusive UXLINK airdrop campaign. This is based on the largest Web3 social infrastructure project within the Telegram ecosystem, where users can share in 100,000 rare UXLINK NFTs upon completing tasks. In the Bitget Wallet Earning Center, there are multiple airdrop sections, including the Web3 exploration incentive platform Task2Get, high-quality project subscription platform Launchpad, new coin fair distribution platform Fair Launchpool, and the social earning platform Invite2Get. These aim to provide users with rewarding and diverse earning and airdrop activities. Not only does Bitget Wallet offer high-quality trading services for users to potentially profit in the market, but it also continuously plans and carries out varied and rewarding activities, allowing users to potentially earn while exploring and experiencing various mainnet ecosystems. Unlike other sections, GetDrop is a new incentive plan mainly aimed at active users in the Bitget Wallet community and BWB and BWB Points holders. The GetDrop section will launch highly customized airdrop campaigns in conjunction with high-quality ecosystem projects, serving as an excellent bridge linking Bitget Wallet's quality ecosystem partner projects with active community users and BWB holders. Since its inception in 2018, Bitget Wallet has won the trust of over 20 million users worldwide, becoming one of the world's top ten most popular crypto wallets. Currently, Bitget Wallet supports over 100 mainnets and hundreds of EVM-compatible chains, providing comprehensive functions like a wallet, Swap, intelligent market data, Launchpad, inscription center, and token earning center. This comprehensive support enables users to complete all on-chain interactions within the wallet, bringing sustained user participation and active interaction to ecosystem projects. GetDrop is committed to continued and extensive collaboration with industry-leading partners. This initiative fosters user-project interactions, enhances project visibility, attracts active user participation, and partners with projects to deliver more benefits to users, aiding them in navigating the vibrant Web3 landscape. About Bitget Wallet Bitget Wallet is Asia's largest and a leading global Web3 wallet with over 20 million users worldwide. It offers a comprehensive range of features, including asset management, intelligent market data, swap trading, launchpad, inscribing, and DApp browsing. Currently, it supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading on nearly 50 blockchains. For more information, users can visit: Website | Twitter | Telegram | Discord Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

May 13, 2024 07:05 AM Eastern Daylight Time

Phil Dervan appointed by Bacula Systems as Global Partner Strategy Director

Bacula Systems

Expanding its leadership in high security backup and recovery for HPC and demanding IT environments, Bacula Systems today announced it has appointed Phil Dervan as its Global Partner Strategy Director. Dervan will be responsible for overseeing and managing the relationships Bacula has with each of its partners, to help them further grow their business and deliver Bacula's value to customers. Dervan will increase Bacula's ability to adapt to changing market conditions, customer needs and partner feedback, as, in turn, it introduces its partners to increasingly large projects that need Bacula's high security protection and performance. “Phil's ability to constructively collaborate with technology partners, create and execute joint strategies and initiatives come at an exciting time for Bacula, when its highly secure backup and recovery software is increasingly being adopted by large enterprises with demanding IT environments. Having the right strategic partners can help Bacula bring even more value, especially in the areas of scalable storage, systems integration and high-performance Cloud providers" said Gopal RajGuru, CEO of Bacula Systems SA. "Bacula provides the missing link that storage providers and systems integrators need to provide their customers with a truly scalable, secure and resilient backup and recovery solution", said Dervan. "Other backup vendors may be effective in straightforward IT environments, but as soon as it gets complicated, more enterprise-grade and customizable software is needed. That's where Bacula comes in", said Dervan. Dr. Philip Dervan has held roles in Pre-Sales, Global Product Management Sales Operations, Partner Strategy, Partner Business Development and Solution Management positions. In 2002, Phil relocated to the USA from his native England, and lives in the greater Boston area. Phil worked at SAP for 23 years. Prior to SAP, Phil has more than 15 years of expertise in various line of business roles, as well as in strategic roles at Pirelli in the UK and in Italy. Phil holds an MBA and a PhD from the University of Southampton in the UK. Bacula’s customers include NASA, Warner Bros. Discovery, and Navisite. About Bacula Systems: Bacula Enterprise Edition is a highly scalable backup and recovery software for large organizations, data centers and MSPs. www.baculasystems.com Contact Details Rob Morrison rob.morrison@baculasystems.com +41 21 641 60 80 rob.morrison@baculasystems.com Company Website https://www.baculasystems.com/

May 13, 2024 06:27 AM Eastern Daylight Time

All Industries

Finseta doubles revenue, turns a profit in transformational year

Syra Health Corp. (NASDAQ: SYRA) Surges Ahead: Q1 2024 Sees 47% Revenue Growth and $3.2 Million Cash Balance

Competitive Power Ventures (CPV) Announces Leadership Changes

Menopause Is A $600 Billion Market Opportunity For Companies Like Rootless That Are Looking To Provide Women Much-Needed Solutions

Battery Mineral Resources Corp. Announces Resumption of Copper Concentrate Production at Punitaqui

Cboe Continues To Increase Financial Access, Now Offers More Than 1,000 ETFs

New Tech Paves the Way for Faster Airport Security

Bitget Wallet Unveils GetDrop: An Exclusive Airdrop Platform for High-quality Projects

Phil Dervan appointed by Bacula Systems as Global Partner Strategy Director