Market Newsdesk

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Odonate Therapeutics, Inc. (NASDAQ: ODT) from December 7, 2017 through August 21, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Odonate Therapeutics, Inc. investors under the federal securities laws.

To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) tesetaxel was not as safe or well-tolerated as the Company had led investors to believe; (2) consequently, tesetaxel’s commercial viability as a cancer treatment was overstated; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than November 16, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.

Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
——————————-

Contact:  
Vik Pawar, Esq.  
Pawar Law Group  
20 Vesey Street, Suite 1410  
New York, NY 10007  
Tel: (917) 261-2277  
Fax: (212) 571-0938  
[email protected]  

VANCOUVER, British Columbia, Nov. 12, 2020 (GLOBE NEWSWIRE) — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality (AR) for eCommerce, AR learning applications, and AR-enhanced video conferencing and virtual experiences, reported record results for its third quarter ended September 30, 2020. All figures are prepared in accordance with International Financial Reporting Standards (IFRS) unless otherwise indicated.

Q
3
2020
Financial
highlights:

• Total Bookings $6.7 million +327% growth over Q3 2019
• Record revenue grows 200% to $4.7 million
• Record backlog of $2 million
• Gross Profit grows 344% to $3.0 million with a 63% margin
• Working Capital of $13.6 million
• Full report has been filed and is available on SEDAR 

Live Q3 earnings call will be after the close today at 4:30pm

• Bridge Name: NexTech AR Solutions
• Conference ID: 597-9019
• Dial in: +1 (435) 777-2200
• Toll-Free + 1 (800) 309-2350

Other Q3 Highlights:

• Filed to up list its stock to NASDAQ Capital Market July 2^nd
• Hired Eugen Winschel 18-year SAP Executive as new COO 
• Doubled the size of the company to 140 in Q3 from just 70 in Q2 – to continue to meet the rapid ramp up in demand and increase the company’s technological capabilities
• Company became approved Microsoft partner
• Launched new distribution deals with well-known consumer brands including Dyson, Philips Norelco, MR. Coffee, VitaMix, Breviel and Cusinart
• Landed $250,000 edTech AR contract with Ryerson University 
• Appointed Ori Inbar to its Board of Directors, a recognized AR expert, having been involved in the industry for over a decade as both a startup entrepreneur and a venture capital investor through SuperVentures
• Acquired the assets of Next Level Ninjas for $720,000 cash consideration
• Launches “Screen AR” A New Augmented Reality Immersive Video Conferencing Software to Accelerate Business Opportunities
• Began building Collaborative Video Conferencing Capabilities to rival Zoom and address Telemedicine and Edtech Markets

NexTech attributes this massive growth to new customer acquisitions and the expansion of services for existing customers as the demand for AR and remote work solutions intensified. 

The company is continuing to experience a rapid rise in demand for all its services. However, demand is especially high for its AR Solutions which include WebAR, AR ads, ScreenAR, Human holograms as well as custom AR solutions. Demand for the company’s AR labs for education is growing at 200% /month while every virtual event the company does has multiple AR experiences. To meet this growing demand the company is currently hiring dozens of AR/VR, Unity, and 3D modeling experts.

Evan Gappelberg, CEO of NexTech comments, “NexTech’s third quarter growth was fueled by a combination of extraordinarily strong demand across all our businesses that we operate, not just one and we see that continuing into Q4. We are unique in that we are diversified with four fast growing businesses which all have a red thread of augmented reality connecting them, creating a major product differentiation and competitive advantage. He continues, “We are uniquely positioned with our augmented reality, eCommerce and InfernoAR video conferencing and virtual experience business units to thrive in this new economy being led by a digital transformation across technology. There has never been more business opportunity in our lifetime for augmented reality, virtual learning, virtual conferences, or virtual events and eCommerce, and we see strong business trends continuing in Q4 and beyond.”

NexTech AR Solutions Corp.
Condensed Consolidated Interim Statements of Financial Position
(Unaudited – Expressed in Canadian dollars)

		September 30, 2020		December 31, 2019
		$		$
ASSETS
Current assets
Cash		16,388,012		2,849,344
Receivables (Note 4)		1,132,033		403,651
Prepaid expenses and deposits		320,024		200,650
Contract assets		96,642		–
Inventory		2,745,299		1,353,584
Total current assets		20,682,010		4,807,229
Non-current assets
Equipment (Note 5)		277,258		146,555
Right of Use Asset (Note 6)		1,116,201		–
Intangible assets (Note 7)		2,442,199		1,420,552
Goodwill (Note 7)		4,211,566		2,262,527
Total non-current assets		8,047,224		3,829,634
TOTAL ASSETS		28,729,234		8,636,863
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities (Note 8)		2,052,016		1,243,528
Other payables (Note 9)		–		230,174
Deferred revenue		526,005		–
Current portion of lease liability (Note 6)		116,447		–
Contingent consideration (Note 3)		1,067,181		–
Total current liabilities		3,761,649		1,473,702
Long-term liabilities
Long term portion of lease liability (Note 6)		996,286		–
Deferred income tax liability		24,339		96,956
Total Long-term liabilities		1,020,625		96,956
TOTAL LIABILITIES		4,782,274		1,570,658
SHAREHOLDERS’ EQUITY
Share capital (Note 11)		37,001,572		15,210,041
Convertible debentures (Note 10)		–		1,025,595
Reserves (Note 11)		5,735,985		1,407,330
Deficit		(18,790,597	)	(10,576,761	)
TOTAL SHAREHOLDERS’ EQUITY		23,946,960		7,066,205
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		28,729,234		8,636,863

NexTech AR Solutions Corp.
Condensed Consolidated Interim Statement of Comprehensive Loss
For the three and nine months ended September 30, 2020 and 2019
(Unaudited – Expressed in Canadian dollars)

			For the three months ended September 30,				For the nine months ended September 30,
			2020		2019		2020		2019
			$		$		$		$
Revenue			4,662,928		1,561,425		10,683,942		4,001,068
Cost of sales			(1,705,571	)	(895,859	)	(4,209,001	)	(2,247,258	)
Gross profit			2,957,357		665,567		6,474,941		1,753,810
Operating expenses
Sales and marketing			3,882,636		1,048,699		6,929,946		2,559,401
General and administrative			975,876		900,272		3,666,063		1,950,931
Research and development			2,675,954		315,931		3,612,956		1,064,707
Amortization (Note 6 &7)			149,962		52,047		370,673		114,998
Depreciation (Note 5)			25,440		–		52,723		24,342
Foreign exchange loss (gain)			(15,284	)	8,478		(7,307	)	35,830
Total operating expenses			7,694,584		2,325,427		14,625,054		5,750,209
Operating loss			(4,737,227	)	(1,659,860	)	(8,150,113	)	(3,996,399	)
Loss before income taxes			(4,737,227	)	(1,659,860	)	(8,150,113	)	(3,996,399	)
Deferred income tax recovery			24,139		–		72,617		–
Net loss			(4,713,088	)	(1,659,860	)	(8,077,496	)	(3,996,399	)
Other comprehensive income (loss)
Exchange differences on translating foreign operations			(167,617	)	–		12,147		–
Total comprehensive loss			(4,880,705	)	(1,659,860	)	(8,065,349	)	(3,996,399	)
Loss per common share
Basic and diluted loss per common share			(0.07	)	(0.03	)	(0.12	)	(0.07	)
Weighted average number of common shares outstanding			71,979,018		55,216,009		66,112,703		53,320,252

NexTech AR Solutions Corp.
Condensed Consolidated Interim Statements of Changes in Shareholders’ Equity
For the nine months ended September 30, 2020 and 2019
(Unaudited – Expressed in Canadian dollars)

	Number of shares		Share capital		Equity portion of convertible debenture		Reserves	Deficit		Total
			$		$		$	$		$
Balance, December 31, 2018	43,687,872		6,365,393		–		423,463	(2,345,482	)	4,443,374
Partial escrow cancellation	(960,000	)	–		–		–	–		–
Acquisition of AR Ecommerce LLC	2,000,000		1,620,000		–		–	–		1,620,000
Shares issued for exercise of warrants	8,461,500		2,655,750		–		–	–		2,655,750
Shares issued for acquisition payable	100,000		66,630		–		–	–		66,630
Private placement	2,942,965		1,765,779		–		–	–		1,765,779
Share-based payment	–		–		–		830,732	–		830,732
Shares isued for services	76,913		62,999		–		–	–		62,999
Translation of foreign operations	–		–		–		–	–		–
Net loss	–		–		–		–	(3,996,399	)	(3,996,399	)
Balance, September 30, 2019	56,309,250		12,536,551		–		1,254,195	(6,341,881	)	7,448,865
Balance, December 31, 2019	60,509,250		15,210,041		1,025,595		1,407,330	(10,576,761	)	7,066,205
Convertible debentures	1,910,163		1,161,935		(1,025,595	)	–	(136,340	)	–
Shares issued for exercise of warrants	4,282,128		2,987,062		–		–	–		2,987,062
Shares issued for exercise of options	1,938,666		895,099		–		–	–		895,099
Shares issued for purchase of Jolokia	1,000,000		1,491,889		–		–	–		1,491,889
Shares issued to settle related party liability	47,799		38,239		–		–	–		38,239
Share-based payment	1,063,851		855,894		–		3,550,183	–		4,406,077
Private placement	1,528,036		3,208,876		–		–	–		3,208,876
Short form prospectus	2,035,000		13,227,500		–		–	–		13,227,500
Share issuance costs	–		(2,074,963	)	–		766,325	–		(1,308,638	)
Translation of foreign operations	–		–		–		12,147	–		12,147
Net loss	–		–		–		–	(8,077,496	)	(8,077,496	)
Balance as at September 30, 2020	74,314,893		37,001,572		–		5,735,985	(18,790,597	)	23,946,960

NexTech AR Solutions Corp.
Condensed Consolidated Interim Statement of Cash Flows
For the three and nine months ended September 30, 2020 and 2019
(Unaudited – Expressed in Canadian dollars)

			For the three months ended September 30,				For the nine months ended September 30,
	2020		2019		2020		2019
OPERATING ACTIVITIES
Net loss	(4,713,088	)	(1,659,860	)	(8,077,496	)	(3,996,399	)
Items not affecting cash:
Amortization of intangible assets	149,962		52,047		370,673		114,998
Amortization of right to use asset	(79	)	–		(79	)	–
Deferred income tax recovery	(24,139	)	–		(72,617	)	–
Depreciation of property and equipment	25,440		–		52,723		24,342
Shares issued to settle related party liability	(0	)	–		38,239		–
Share-based payments	2,893,173		307,030		4,406,077		830,732
Option and warrant exercised shares outstanding	183,737		–		–		–
Changes in non-cash working capital items
Receivables	(867,929	)	324,915		(728,382	)	(150,727	)
Prepaid expenses and deposits	(124,034	)	60,877		(119,374	)	(576,969	)
Inventory	(1,160,476	)	(817,608	)	(1,488,357	)	(1,372,975	)
Accounts payable and accrued liabilities	119,806		891,524		600,593		12,065
Other payables	–		183,770		(230,174	)	183,770
Deferred revenue	526,005		–		526,005		–
Net cash used in operating activities	(2,991,622	)	(657,305	)	(4,722,169	)	(4,931,163	)
INVESTING ACTIVITIES
Cash acquired in a business combination	–		–		–		128,670
Cash paid for acquisition of HootView	–		–		–		(85,664	)
Cash paid for acquisition of Next Level Ninjas	(719,895	)	–		(719,895	)	–
Purchase of equipment	(68,022	)	–		(68,022	)	(12,125	)
Net cash used in investing activities	(787,917	)	–		(787,917	)	30,881
FINANCING ACTIVITIES
Proceeds from exercise of options and warrants	1,765,700		–		3,882,161		2,655,750
Payment of lease obligations	(39,475	)	–		(39,475	)	–
Net proceeds from short term prospectus	12,118,689		–		12,118,689		–
Net proceeds from private placement	–		1,426,179		3,009,047		1,765,779
Net cash provided by financing activities	13,844,914		1,426,179		18,970,422		4,421,529
Foreign exchange	40,438		–		78,332		(170,542	)
Net change in cash	10,105,815		768,874		13,538,668		(649,295	)
Cash, beginning	6,282,197		228,689		2,849,344		1,646,858
Cash, ending	16,388,012		997,563		16,388,012		997,563

(Above excerpts from the condensed consolidated interim financial statements should be read in conjunction with the financial statement notes).

Non-IFRS Measures

This News Release makes reference to certain non-IFRS measures such as “Total Bookings” and “Backlog”. These non-IFRS measures are not recognized, defined, or standardized measures under IFRS. Our definition of Total Bookings and Backlog will likely differ from that used by other companies and therefore comparability may be limited.

Total Bookings and Backlog should not be considered a substitute for or in isolation from measures prepared in accordance with IFRS. These non-IFRS measures should be read in conjunction with our condensed consolidated interim financial statements and the related notes thereto as at and for the three and nine months ended September 30, 2020. Readers should not place undue reliance on non-IFRS measures and should instead view them in conjunction with the most comparable IFRS financial measures. See the reconciliations to these IFRS measures below:

		Three months ended September 30,						Nine months ended September 30,
			2020			2019			2020			2019
Total Bookings		$	6,660,239		$	1,561,425		$	12,899,530		$	4,001,068
Total Revenue			4,662,928			1,561,425			10,683,942			4,001,068
Adjustment for bookings			1,997,311			–			2,215,588			–
Adjustment for backlog			–			–			218,277
Backlog			1,997,311			–			1,997,311			–

In accordance with the company’s stock option plan the company has issued 200,000, 3-year options priced at $7.70CDN and pursuant to a consulting agreement with Felix Ritscher Head of IT and Security previously announced on November 6^th, 2020, 4,100 common shares were also issued with a 4-month restriction.

About NexTech AR

NexTech is one of the leaders in the rapidly growing Augmented Reality market estimated to grow from USD $10.7B in 2019 and projected to reach USD $72.7B by 2024 according to Markets & Markets Research; it is expected to grow at a CAGR of 46.6% from 2019 to 2024.

The company is pursuing four verticals:

InfernoAR:
An advanced Augmented Reality and Video Learning Experience Platform for Events, is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world’s most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages. According to Grandview Research the global virtual events market in 2020 is $90B and expected to reach more than $400B by 2027, growing at a 23% CAGR. With NexTech’s InfernoAR platform having augmented reality, AI, end-to-end encryption and built in language translation for 64 languages, the company is well positioned to rapidly take market share as the growth accelerates globally.

ARitize™ For eCommerce:
The company launched its SaaS platform for webAR in eCommerce early in 2019. NexTech has a ​‘full funnel’ end-to-end eCommerce solution for the AR industry including its Aritize360 app for 3D product capture, 3D/AR ads, its ARitize white label app it’s ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.

ARitize™ 3D/AR Advertising Platform:
Launched in Q1 2020 the ad platform will be the industry’s first end-to-end solution whereby the company will leverage its 3D asset creation into 3D/AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.

ARitize™ Hollywood Studios
: The studio is in development producing immersive content using 360 video, and augmented reality as the primary display platform.

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.

On behalf of the Board of NexTech AR Solutions Corp.

“Evan Gappelberg”
CEO and Director

For further information, please contact:

Evan Gappelberg
Chief Executive Officer
[email protected]   

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “looking forward” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of NexTech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. NexTech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

PALM BEACH, FL, Nov. 12, 2020 (GLOBE NEWSWIRE) — Evolution in business occurs when an entrepreneur takes what has been and makes it better.

Fifteen years ago, Mitch Gould, a veteran retail professional, observed foreign health and wellness companies flailing and failing when entering the U.S. market.

“Companies exported their innovative products to the U.S. but failed because they didn’t understand our business culture and couldn’t keep expenses down,” said Gould, CEO and founder of Nutritional Products International. “They had expenses that continued to increase as they moved closer to selling their products.”

An international company exporting a brand to America had to rent office and warehouse space, hire sales and support staff, and either work with an outside marketing agency or develop an in-house staff to promote its brand.

“Before these companies made one sale, they had eaten away at their profit margin,” he said.

Gould said he knew there had to be a better way for new brands to reach retail outlets.

“I realized these companies needed an American partner who already had an office, warehouse space, a sales team, and marketing staff,” Gould said. “I created NPI to offer the services international brands needed to open up for business in the U.S.”

The Boca Raton-based NPI works with international health and wellness companies with brands they want to introduce to American consumers. The “Evolution of Distribution” process covers all aspects of successfully entering the U.S. market:

• Speed to Market/Sales Velocity
• Procurement of Purchase Orders
• Marketing and Promotion of Brand to Consumers and Retailers
• FDA Label Compliance Review
• Trademarking/Brand Protection
• Claims and Regulatory Review
• Warehousing
• National Network of Power Brokers
• Product Line Evaluation

“‘Evolution of Distribution’ is our proprietary system,” Gould said. “I have not seen another company in America that offers all the expertise and services that NPI provides its clients. We are unique.”

Gould has surrounded himself with leading retail professionals.

Jeff Fernandez, a former buyer from Amazon and Walmart, is NPI’s president, and Kenneth E. Collins, who worked as a director of sales for Glanbia Performance Nutrition, the world’s largest sports nutrition company, is the new executive vice president.

“Ken and I have a lot of contacts with retail buyers for large and small chains throughout the U.S.,” Fernandez said.

Collins, who was just hired, said he is looking forward to working with Gould and Fernandez.

“We have a lot of retail experience,” Collins said. “We bring a lot of knowledge, expertise, and success to our clients.”

For more information, visit Nutritional Products International online.

MORE ON NPI AND ITS FOUNDER

NPI is a privately-held company specializing in the retail distribution of nutraceuticals, dietary supplements, functional beverages, and skincare products. NPI offers a unique, proven approach for product manufacturers worldwide seeking to launch or expand their products’ distribution in the U.S. retail market.

Mitch Gould, the founder of NPI, is a third-generation retail distribution and manufacturing professional. Gould developed the “Evolution of Distribution” platform, which provides domestic and international product manufacturers with the sales, marketing, and product distribution expertise required to succeed in the world’s largest market — the United States. Gould, known as a global marketing guru, also has represented icons from the sports and entertainment worlds such as Steven Seagal, Hulk Hogan, Ronnie Coleman, Roberto Clemente Jr., Chuck Liddell, and Wayne Gretzky.

Attachment

• Mitch NPI Evolution of Distribution

Andrew Polin
Nutritional Products International
561-544-0719
[email protected]

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Celsion Corporation (NASDAQ: CLSN) from November 2, 2015 through July 10, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Celsion Corporation investors under the federal securities laws.

To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants had significantly overstated the efficacy of ThermoDox; (2) the foregoing significantly diminished the approval and commercialization prospects for ThermoDox; (3) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.

Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:  
Vik Pawar, Esq.  
Pawar Law Group  
20 Vesey Street, Suite 1410  
New York, NY 10007  
Tel: (917) 261-2277  
Fax: (212) 571-0938  
[email protected]  

 

WESTPORT, Conn., Nov. 12, 2020 (GLOBE NEWSWIRE) — HMG Strategy, the world’s #1 digital platform for connecting technology executives to reimagine the enterprise and reshape the business world, will draw on its peer-focused, research driven content at its first-ever 2020 HMG Live! Portland CIO Executive Leadership Summit on November 13. HMG Strategy has produced more than 80 digital events since March, bringing together distinguished technology leaders to discuss the most pressing leadership, strategic, cultural, technological and career challenges technology executives face today.

Critical issues that technology leaders will be discussing at the event include successful approaches to strengthening employee engagement in an extended remote work environment, as well as the challenges and opportunities for driving innovation and business transformation in uncertain times.

“
CIOs, CISOs and technology executives continue to share with us the security and cultural challenges associated with enabling remote workers to begin returning to traditional offices
,” said
Hunter Muller, President and CEO at HMG Strategy. “CEOs and Boards are looking to CIOs, CISOs and other technology leaders to play a more strategic role in enabling the business, to identify new business opportunities in core, parallel and new markets, and shape a winning culture both today and into the future.”

Notable technology leaders speaking at the 2020 HMG Live! Portland CIO Executive Leadership Summit will include:

• Tony Alferez
  , VP of Technology, Gear Up Sports, Inc.
• Richard Appleyard, PhD, President, Portland SIM, CIO, Oregon State Police
• Ben Berry, Executive VP, Information Technology & CIO, Bonneville Power Administration
• Megan Douglas, CIO, Ascena Retail Group, Inc.
• Michel
  Feaster, Co-Founder, CEO, Usermind
• Michelle Garvey, CIO, J. Crew
• Nikhil Gupta, Co-Founder, CEO, ArmorCode Inc.
• Dutt Kalluri, SVP Office of CIO/SVP Global Technology, Broadridge
• Sharath Keshava Narayana, Co-Founder, CRO, Observe.AI
• Jordan Masanga, CIO, Oregon Public Employees Retirement System
• Trevor Schulze, SVP, CIO, RingCentral
• Muddu Sudhakar, Investor, Entrepreneur
• AJ Sunder, Co-Founder, Chief Information & Product Officer, RFPIO
• Saby Waraich, Director of Marketing, Portland SIM, CIO, Clackamas Community College
• Nancee Winslow, Field CIO, Equinix

Strategic Partners for the 2020 HMG Live! Portland CIO Executive Leadership Summit on November 13 include Aisera, ArmorCode Inc., RingCentral and SIM Portland.

To learn more about the 2020 HMG Live! Portland CIO Executive Leadership Summit and to register for the event, click here.

HMG Strategy will be hosting its 2020 HMG Live! St. Louis CIO Executive Leadership Summit on November 17. Prominent technology executives speaking at this event include:

• Paul Dabbar, Principal Advisor, U.S. Department of Energy
• Arun DeSouza, Chief Information Security & Privacy Officer, Nexteer Automotive Corporation
• Peter Hogan, CTO, Post Holdings
• Mark Jackson, Scientific Lead, Cambridge Quantum Computing
• Tim Kessler, COO, MTM
• Monti Knode, Director of Customer Success, Horizon3.ai
• Dana Lorberg, EVP, Technology Advisor, Operations and Technology, MasterCard
• Geo
  rge Maddaloni, CTO, Operations, MasterCard
• Jeff Miller, Chief Security Officer, Honeywell Quantum Solutions
• Lisa Nichols, CEO, Technology Partners
• Dr. Nalini Polavarapu, Head of Data Science, Customer Centricity, Bayer Crop Science
• Scott Richert, CIO, Mercy
• Michael Seals, SVP, Business Strategy and Chief Information Officer, Hussmann Corporation
• Aarti Sharma, Vice President, Tech Operations Service Delivery, MasterCard
• Rebecca Wynn, Global CISO, Chief Privacy Officer, [24]7.ai

Strategic Partners for the 2020 HMG Live! St. Louis CIO Executive Leadership Summit on November 17 include Appian, Darktrace, Forescout Technologies, NPower and Obsidian Security.

To learn more about the 2020 HMG Live! St. Louis CIO Executive Leadership Summit and to register for the event, click here.

HMG Strategy will also be hosting its 2020 HMG Live! Silicon Valley CIO Executive Leadership Summit on November 19. World-class technology executives and industry experts speaking at this event include:

• John Abel, SVP, CIO, Veritas Technologies, LLC
• Snehal Antani, Co-Founder, CEO, Horizon3.ai
• Jason Beard, Sr. Director, Data Strategy & Governance, Informatica
• Glenn Chisholm, Co-Founder, CEO, Obsidian Security
• Julie Cullivan, Chief Technology & People Officer, Forescout Technologies, Inc.
• Wolfgang Goerlich, Advisory CISO, Duo Security
• Nikhil Gupta, Co-Founder, CEO, ArmorCode Inc.
• Lakshmi Hanspal, Global CISO, Box
• Jonah Kowall, CTO, Logz.io
• Tony Leng, Managing Director, Digital Transformation and CIO Practice Lead, Diversified Search
• Ralph Loura, SVP IT, CIO, Lumentum
• Deb Muro, CIO, RN, CHCIO, El Camino Health
• Mark Polansky, Senior Partner, Technology Officers Practice, Korn Ferry
• David Politis, Founder, CEO, BetterCloud
• Phil Richards, CSO, Ivanti
• Gary Sorrentino, Global Deputy CIO, Zoom
• Scott Strickland, EVP, CIO, Wyndham Hotels and Resorts
• J.R. Tietsort, CISO, Darktrace
• Rahul Tripathi, CTO Customer Success & VP/GM Worldwide Professional Services, Nutanix
• Kathryn Ullrich, Technology Partner, Head of U.S. Diversity Practice, Odgers Berndtson

Strategic Partners for the 2020 HMG Live! Silicon Valley CIO Executive Leadership Summit on November 19 include BetterCloud, Darktrace, Duo Security, Informatica, Ivanti, Logz.io, Nutanix, SIM San Francisco Bay Area, Zoom, and Zylo.

To learn more about the 2020 HMG Live! Silicon Valley CIO Executive Leadership Summit and to register for the event, click here.

HMG Strategy has also received exceptional interest in its webinars through the strength of the 400,000+ technology executives in its community and the quality of the content it delivers. HMG Strategy has scheduled multiple 30-to-60-minute webinars over the next few months with an arsenal of innovative technology companies such as Citrix, Darktrace, HCL Technologies, Ivanti, Moveworks, Nutanix, Okta, OutSystems, PagerDuty, RangeForce, RingCentral, UiPath, Zoom, Zscaler, and Zylo.

HMG Strategy will be hosting its next webinar on December 8 – The HMG Security Innovation Accelerator Panel. HMG Strategy hosted its first Security Innovation Accelerator Panel on Nov. 11 with enormous success, drawing CISOs and security leaders from around the world to hear from the CEOs and founders of emerging enterprise cybersecurity technology companies on how their companies are differentiated in the market and the cybersecurity challenges they solve for their customers.

In the December webinar, featured speakers will include George Avetisov, Co-Founder and CEO, HYPR; Glenn Chisholm, Co-Founder and CEO, Obsidian Security; Nikhil Gupta, Co-Founder and CEO, ArmorCode Inc.; and Ali Golshan, Co-Founder and CTO, StackRox.

To learn more about this webinar and to register for the event, click here.

On December 9^th, HMG Strategy will host a digital roundtable powered by Moveworks entitled ‘Supporting the Work-From-Home Enterprise: 3 Secrets of the Successful Service Desk.’ In this interactive digital roundtable where participants can ask questions and share insights, Bhavin Shah, CEO of Moveworks, will share examples of enterprise companies are using artificial intelligence to provide real-time tech support to remote employees, autonomously resolve IT tickets via deep integrations and dramatically reduce the mean time to resolution of IT issues.

To learn more about this digital roundtable and to register for the event, click here.

Click here to view HMG Strategy’s complete calendar of upcoming and on-demand webinars.

Connecting Enterprise Technology Buyers with the Right Vendors

In the absence of large, national conferences or trade shows, CIOs and technology executives are seeking new ways to connect with their peers and find new business partners to help them drive innovation that can enable their companies to survive and grow.

Meanwhile, sales and marketing professionals at enterprise technology companies are looking for successful ways to engage with senior technology leaders and target accounts. HMG Strategy has harmonized these interests by creating the HMG Marketplace.

HMG Strategy’s high-powered Marketplace transforms the time-consuming request-for-information (RFI) process for CIOs and other technology buyers. Now, technology buyers can indicate the types of technologies and services they’re currently interested in and be matched with a prospective provider to make the connection.

“The HMG Marketplace essentially serves as a reference center to connect the right technology buyers with the right technology providers at the right time,” said Hunter Muller, President and CEO of HMG Strategy. “By filling out a short needs assessment survey, CIO, CTOs and other technology executives are connected with executive leaders and subject matter experts from technology companies to have focused, relevant discussions.”

Charter members that are actively participating in the HMG Marketplace include Appian, Aryaka, Darktrace, Forescout Technologies, Globant, Ivanti, Obsidian Security, PagerDuty, Slack, Sonatype, Tanium and Tessian. 

“It’s challenging for all of us that we can’t all be together at these events,” says Nicole Eagan, Chief Strategy & AI Officer at Darktrace. “But the next best thing is being able to connect through the Marketplace. We’re committed that you won’t be meeting with a salesperson – you’ll be meeting with myself and the Darktrace executive team. You’ve got CIOs and CISOs who will attend these meetings and we would love the opportunity to catch up and strategize together.”

How it Works

After attending an HMG Strategy Executive Leadership Summit, an attendee is redirected to the HMG Marketplace, where they are prompted to fill out a short needs analysis survey to indicate their current technology needs. From there, an HMG Strategy customer relationship specialist evaluates the survey information and schedules a meeting between the technology buyer and the most suitable technology partner in the Marketplace based on the buyer’s interests.

While in the Marketplace, the technology buyer is presented with a menu of options to choose from, including an option to view customer testimonials for that vendor and the business problem that was addressed. Sponsor partners receive highly qualified leads because of the strength of relationships inherent in the HMG network combined with the specific technology or service interest indicated by the buyer.
The HMG Marketplace offers multiple benefits to both technology buyers and vendors:

• Precision matching of buyer needs with vendor capabilities — Enterprise buyers can fill out a short needs analysis survey that is used by HMG Strategy’s Customer Relationship Management team to identify the vendor that’s best suited to address their requirements.
• Accelerates the sales process for both buyers and sellers – Buyers and sellers quickly identify one another through the needs analysis process and associated reference materials
• Ensures Quality Discussions – CIOs, CTOs, CISOs and other technology buyers are qualified based on their true interest and by a set of characteristics (size, industry, types of technology/service interests, spend parameters, etc.). Buyers are paired with technology suppliers based on their domains and areas of expertise to avoid wasting time
• Drives Higher Conversion and Close Rates for Providers –The HMG Marketplace accelerates high-quality deal flow in challenging times and enables technology providers to lower their customer acquisition costs

To learn more about the HMG Marketplace and explore the digital assets that are available there, click here.  

About HMG Strategy

HMG Strategy is the world’s leading digital platform for connecting technology executives to reimagine the enterprise and reshape the business world. Our regional and virtual CIO and CISO Executive Leadership Series, authored books and Digital Resource Center deliver unique, peer-driven research from CIOs, CISOs, CTOs and technology executives on leadership, innovation, transformation and career ascent.
The HMG Strategy global network consists of over 400,000 senior IT executives, industry experts and world-class thought leaders.

To learn more about the 7 Pillars of Trust for HMG Strategy’s unique business model, click here.

HMG Strategy: Your #1 Trusted Digital Platform Connecting Technology Executives to Reimagine the Enterprise and Reshape the Business World.

Tom Hoffman
203-221-2702
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1eaae9e3-acda-4851-b198-23c1e59ae0ff 

SAN ANTONIO, Nov. 12, 2020 (GLOBE NEWSWIRE) — CloudCommerce, Inc. (CLWD), a leading provider of digital advertising solutions, today announced the successful results of its work with one of the nation’s leading charter schools.

The school hired CLWD with the #1 goal of increasing positive community awareness of its unique approach to education when compared to other options within the state. Leveraging its flagship SWARM solution CLWD used timely targeted digital messaging focused on the custom audience segments or “personas” identified using artificial intelligence and behavioral science now embedded SWARM.

The results highlights, which greatly exceeded the Client’s expectations include:

• The school’s website traffic and engaged users skyrocketed by 133% when compared to last year
• The school saw a 46% lift in positive stories about its brand when compared to last year
• Users consumed in excess of 10,000 hours of video highlighting the brand and its core values
• The school experienced a 215% lift in new enrollees

“I am really proud of the measurable results we are delivering for our Clients”, said Andrew Van Noy, CloudCommerce CEO. “Although still in its infancy, SWARM is proving to be a game changing solution for us given our ambitious plans to invest in and improve it using Artificial Intelligence and Machine learning.”

About Cloud Commerce, Inc.

CloudCommerce, Inc. (CLWD) is a leading provider of digital advertising solutions. Our flagship solution, SWARM, analyzes a robust mix of audience data to help businesses find who to talk to, what to say to them, and how to market to them. We do this by applying advanced data science, behavioral science, artificial intelligence, and market research techniques to discover, develop and create custom audiences for highly targeted digital marketing campaigns. CloudCommerce was Ranked Number 235^th Fastest Growing Company in North America on Deloitte’s 2019 Technology Fast 500™. To learn more about CloudCommerce, please visit our website at www.CloudCommerce.com

Forward Looking Statements

This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements are included in our filings with the Securities and Exchange Commission, including the “Risk Factors” section of our annual report on Form 10-K for the year ended December 31, 2018. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Press Contact:

CloudCommerce, Inc.
Tel: (800) 673-0927
[email protected]

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Loop Industries, Inc. (NASDAQ: LOOP) from September 24, 2018 through October 12, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Loop Industries, Inc. investors under the federal securities laws.

To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Loop scientists were encouraged to misrepresent the results of Loop’s purportedly proprietary process; (2) Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) as a result, the Company was unlikely to realize the purported benefits of Loop’s announced partnerships with Indorama and Thyssenkrupp; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than December 14, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.

Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
——————————-

Contact:  
Vik Pawar, Esq.  
Pawar Law Group  
20 Vesey Street, Suite 1410  
New York, NY 10007  
Tel: (917) 261-2277  
Fax: (212) 571-0938  
[email protected]  

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Pintec Technology Holdings Limited (NASDAQ: PT) pursuant and/or traceable to the registration statement issued in connection with the Company’s October 2018 initial public offering (the “IPO”), inclusive (the “Class Period”). The lawsuit seeks to recover damages for Pintec Technology Holdings Limited investors under the federal securities laws.

To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company erroneously recorded revenue earned from certain technical service fees on a net basis, rather than a gross basis; (2) there were material weaknesses in Pintec’s internal control over financial reporting related to cash advances outside the normal course of business to Jimu Group, a related party, and to a non-routine loan financing transaction with a third-party entity, Plutux Labs; (3) as a result of the foregoing, the Company’s financial results for fiscal 2017 and 2018 had been misstated; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than November 30, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.

Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
——————————-

Contact:  
Vik Pawar, Esq.  
Pawar Law Group  
20 Vesey Street, Suite 1410  
New York, NY 10007  
Tel: (917) 261-2277  
Fax: (212) 571-0938  
[email protected]  

TORONTO, Nov. 12, 2020 (GLOBE NEWSWIRE) — Mitchell Cohen, President and Chief Executive Officer of Urbanfund Corp. (TSX Venture: “UFC”) (“Urbanfund” or, the “Company”), announced today that the Company, along with Westdale Construction Limited (“Westdale”), has completed the previously-announced acquisition of the 110 unit The Manors Luxury Apartment portfolio located in Dartmouth, Nova Scotia. An incorporated subsidiary, West Mic Mac Properties Inc. (the “Purchaser”), will purchase the portfolio with the Company being a 20% shareholder and Westdale holding the remaining 80% interest.

“Urbanfund is very excited to be part of this opportunity to purchase an interest in this 2-building luxury portfolio,” stated Mitchell Cohen. “This spectacular property on over 4 acres of treed-lands will be a worthy addition to our mixed-use asset base.”

“This acquisition is proximate to our current Dartmouth holdings with 110 ‘condo quality’ units overlooking the water,” stated Cohen.

The Manors Luxury Apartment Portfolio offers a variety of large 1, 2 and 3-bedroom suites of exceptional quality over 2 separate buildings built in 1981. The luxury project caters primarily to “empty-nesters” with its spacious units, ample terraces, generous outdoor amenity space and proximity to local transit, shopping and greenspace.

The Purchaser purchased the portfolio for $17,000,000 plus customary closing costs. The purchase price was funded by a $11,800,000 mortgage and the balance by pro rata equity subscriptions from the Company and Westdale. The Company’s subscription for a 20% interest in the Purchaser was satisfied with cash on-hand. The Company provided a limited guarantee of the mortgage proportionate to its interest in the Purchaser. Property Management will be the responsibility of Westdale and will be compensated at market rates.

“We have been waiting to pick up these types of assets in such a highly desired location and we executed on it,” noted Cohen. “With its proximity to our other Dartmouth assets, we will look to take advantage of economies of scale.” The portfolio is in the Micmac Village area of Dartmouth which is a popular, vibrant and affluent community characterized by a highly educated and affluent demographic. Situated along the Lake Banook Trail, the neighbourhood is defined by its beautiful landscaped and natural surroundings, including walking trails and parks. The buildings are located right across the street from Mic Mac Mall, Dartmouth’s major mall.

ABOUT URBANFUND CORP.

Urbanfund Corp. is a Toronto-based real estate development and operating company. Urbanfund’s focus is to identify, evaluate and invest in real estate or real estate related projects. The Company’s assets are located in Brampton, Belleville, Kitchener, London and Toronto, Ontario, Quebec City and Montreal, Quebec and Dartmouth, Nova Scotia. The Company’s strategy going forward remains committed to seek accretive real estate or real estate-related opportunities.

FORWARD-LOOKING INFORMATION

This press release contains certain forward-looking statements, which reflect Management’s ‎expectations regarding the Company’s growth, results of operations, performance and business prospects and opportunities. Statements about acquisition of the Bellbrook and Regal Luxury ‎Apartment portfolio in Dartmouth, Nova Scotia constitute forward-looking statements. Wherever ‎possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, ‎‎“believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or ‎similar words or phrases, have been used to identify these forward-looking statements. These ‎statements reflect Management’s current beliefs and are based on information currently ‎available to management as at the date hereof.‎

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors ‎could cause actual results, performance or achievements to differ materially from the results ‎discussed or implied in the forward-looking statements. These factors should be considered ‎carefully and readers should not place undue reliance on the forward-looking statements. ‎Although the forward-looking statements contained in this press release are based upon what ‎management believes to be reasonable assumptions, the Company cannot assure readers that ‎actual results will be consistent with these forward-looking statements. These forward-looking ‎statements are made as of the date of this press release, and the Company assumes no ‎obligation to update or revise them to reflect new events or circumstances, except as required ‎by law. Many factors could cause the actual results, performance or achievements of the ‎Company to be materially different from any future results, performance or achievements that ‎may be expressed or implied by such forward-looking statements, including: general economic ‎and market segment conditions, interest rates, costs outside of the Company’s control such as Real Estate Taxes and utilities, the ability of tenants to satisfy their contractual rent ‎obligations and any unforeseen repair, maintenance or replacement of the Company’s assets. ‎More detailed assessment of the risks that could cause actual results to materially differ than ‎current expectations is contained in the “Risks and Uncertainties” section of the Company’s most ‎recent Management’s Discussion and Analysis.‎

For further information, please contact:

Mitchell Cohen
President, Chief Executive Officer and Director
Urbanfund Corp.
406-703-1877 extension 2025

Neither the TSX Venture Exchange nor its Regulation Service Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or acc
uracy of this Press Release.