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Major Leadership Additions, Partnerships With All Leading Carriers: How This Small-Cap Aims To Disrupt The Massive Push-To-Talk Over Cellular Market

Siyata Mobile Inc.

By Kyle Anthony, Benzinga Recent years have seen many industries being disrupted, and innovation is occurring everywhere, even with the walkie-talkie – more formally known as a handheld transceiver – industry. Siyata Mobile Inc. (NASDAQ: SYTA), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, is set on revolutionizing the industry through its innovative devices – and is implementing seminal strategic initiatives and bringing in industry experts to further the firm’s goal of disrupting a legacy multi-billion-dollar two-way radio market. Siyata Mobile Inc.’s Background Founded in 2012 and headquartered in Canada, Siyata Mobile aims to be the global leader in the growing Push-to-Talk over Cellular industry by disrupting the legacy of the Land Mobile Radio (LMR) industry with next-generation communication technology. The firm has gained prominence as a developer and provider of technologically advanced rugged smartphones, in-vehicle mounted cellular communications devices and cellular signal boosters. Siyata has customers throughout the United States, Canada, Europe, Australia and the Middle East. The Growing Push-To-Talk Over Cellular Market As the name suggests, Push-to-Talk over Cellular uses mobile networks to relay communications to another handset. It supports all the advanced features of digital mobile radios and combines them with 4G and 5G bandwidth and nationwide coverage. Research published by Allied Market Research valued the Push-to-Talk over Cellular market at $3.43 billion in 2019 and projects it to reach $6.95 billion by 2027. Compared to LMR, Push-to-Talk over Cellular handsets work virtually anywhere on cellular networks, support third-party data applications and are less capital intensive for customers, as they have a lower price point and do not require investment in tower sites. Siyata Mobile: Revenue Growth And Strategic Initiatives For the fiscal year 2023, Siyata Mobile Inc’s. reported revenue and gross profit were $8.23 million and $2.66 million, respectively – an increase of 27.0% and 91.2% from the previous year. Regarding the firm’s business model, Siyata Mobile markets its devices with leading cellular carriers and their distributors, who sell them to enterprise customers. Leveraging these carrier sales channels and their broad customer base with Siyata Mobile’s product portfolio means the firm can maintain a lean operating cost structure. Siyata Mobile gives carriers the ability to activate a SIM card and generate income otherwise not captured with customers who use LMR, and the company reports that it has already partnered with all major carriers in the U.S. Siyata Mobile’s integration with the Zello push-to-talk application is a strategic initiative launched with the goal of elevating the value proposition of the firm’s product offering. Zello is a live voice push-to-talk communication platform that turns any smart device into a digital two-way radio that works over Wi-Fi and cell networks anywhere in the world. Purpose-built to connect frontline teams and communities, the push-to-talk walkie-talkie app offers instant voice communication with one or many in unlimited secure, private channels, as well as message replay, emergency alerts, location tracking, dispatch capabilities and Bluetooth device support. With more than 175 million reported users registered worldwide and 99.99% uptime, Zello is simple to use and easily connects frontline and operations teams with a platform that is easy to use. Addition Of Industry Veterans To Siyata Mobile’s Leadership Team Since July 2023, Syiata Mobile has made a series of personnel moves that have positioned the firm to strengthen and broaden its value proposition. In July 2023, it was announced that industry veteran Doug Clark would assume the role of Assistant Vice President, Sales and Marketing at the firm. Clark joins Siyata following a 20-plus year career with AT&T. Most recently, he served as Assistant Vice President for AT&T's FirstNet, the only nationwide wireless communications network that was designed and built specifically for first responders and the extended public safety community. More recently, Syiata announced the addition of Bob Escalle and T.J. Kennedy to the firm. Escalle will assume the role of vice president of public safety. Public Safety, the most significant and fastest-growing vertical within the push-to-talk industry, benefits from the increasing focus on safety in the U.S. and worldwide. Escalle brings over 30 years of extensive experience across the U.S., European and Asian markets at leading global PTT companies, including Motorola Solutions, ESChat and Nemergent Solutions. He joins Siyata from Samsung Electronics America, where he served as Director of New Business for Enterprise and Public Safety. Kennedy will join Syiata’s advisory board, which assists management with strategic thinking, operational execution and sales strategy. He is widely recognized as a thought leader in mission-critical communications and public safety. Kennedy is also a venture advisor for AI Fund, a team of AI pioneers, proven entrepreneurs, seasoned operators and venture capitalists that collaborates with leading entrepreneurs to solve big challenges using artificial intelligence. He is a board member at the public safety drone company Echelon AI. He has also previously served as CEO and as a board director of WRAP Technologies, a global provider of public safety solutions, where he created a strategic roadmap with a focus on improved pricing and profitability, right-sized expenses and successfully grew gross profit year over year by 87%. Prior to that, he served in senior leadership roles, including as CEO, primarily for companies operating in the public safety space. Path To Profitability Customers' willingness to grow their business with a particular vendor indicates customer satisfaction. Recently, Siyata Mobile announced receiving a $1.2 million order from an existing customer, a leading international EMS service provider, for additional units of the company's PoC rugged handsets, Real Time View and related accessories. Regarding this new purchase order, Marc Seelenfreund, CEO of Siyata, stated, "Building on our July 18, 2024 press release highlighting $4.5 million in new orders, this additional order for $1.2 million further shows the market demand for our Siyata solutions. This order is a great testament to our technology and the performance of our devices and monitoring system. This customer has repeatedly purchased our devices over the past two years to enable better collaboration and improve command and control of critical communications across its operation. Our devices are rugged, reliable and mission critical allowing EMS units and first responders to focus on emergency response and saving lives." Wall Street analysis also reveals the company may be on the verge of profitability, as recent coverage suggests that the company is expected to be profitable in 2026. As mentioned in the article, Siyata Mobile has exhibited financial prudence as it continues to grow, highlighting the future-focused mentality present among the firm’s leadership. The Way Forward As a business-to-business global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories, Siyata Mobile continually seeks to enhance the utility it provides to its customers, which includes police, fire and ambulance organizations as well as schools, utilities, security companies, hospitals, waste management companies, resorts and many other organizations. The firm’s strategic initiatives and recent personnel moves reflect its focus on meaningful growth and strengthening its internal capabilities through veteran industry leadership as it continues to disrupt the industry’s landscape. Featured photo by Oxana Melis on Unsplash. Siyata Mobile Inc. is a B2B global vendor of next-generation Push-To-Talk over Cellular devices, cellular booster systems, and video monitoring solutions. Its portfolio of in-vehicle and rugged devices enables first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives.Its portfolio of enterprise-grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signals in remote areas, inside structural buildings where signals are weak, and within vehicles for the maximum cellular signal strength possible.For its video monitoring system, Siyata integrates software that we license with off-the-shelf hardware providing our customers with an integrated advanced camera system for management and visual monitoring of their fleet vehicles. This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata's current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Siyata's filings with the Securities and Exchange Commission ("SEC") and in subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Brett Maas SYTA@haydenir.com

July 25, 2024 08:45 AM Eastern Daylight Time

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Playing Your Hand Wisely: Navigating Futures Trading With Precision And Planning

EdgeClear

By Gerelyn Terzo, Benzinga As an online trader, you’re no stranger to playing on probabilities. However, for some, all logic can often disappear when it comes to strategy. For example, you wouldn’t want to enter a high-stakes poker game with a $200 minimum buy-in with only $200 in your pocket; still, some do it. By doing this, you are effectively leaving your fate to chance like a coin flip, and chances are good that after the first hand, you’ll be folding and sacrificing future opportunities early. When trading futures, you wouldn’t want to enter the market without a well-conceived trading plan in place. Formulating a trading plan requires patience and diligence and is essential to success. Otherwise, you could be out of luck and money before you know it. If you’re looking to further inform yourself and improve your trading plans, EdgeClear is an independent futures broker with a wealth of resources for online traders to begin strategizing today. Below, we share some insights from the firm’s educational materials. Steps To Building A Trading Plan A key to building a successful online trading plan is developing your own plan beyond copy trading. If you simply adopt someone else’s strategy without any original research, you could set yourself up for failure by adhering to their risk/reward profile instead of your own. Therefore, the first step to building a trading plan is understanding that your plan should be unique, reflecting your personal goals, style and risk tolerance. Think of your trading plan as your blueprint for investing in the markets. It’s important to refer to your trading blueprint continually to navigate the markets. Your trading plan should remind you daily to stay disciplined, neither veering from your predetermined risk management tactics nor letting your emotions influence your decisions. Remaining consistent and objective is important. At the same time, once you’ve built your trading plan, it’s vital to remain flexible. No matter how comprehensive your blueprint is, it shouldn’t necessarily be set in stone. Instead, it will need to be updated occasionally as you grow as a trader and market conditions pivot. For example, during the COVID era, assets that were normally uncorrelated — like gold and equities — began trading in lockstep with one another. Traders who refused to adapt and make changes would soon realize they were outplayed. Below are four questions that EdgeClear believes every trader should ask themselves when formulating a trading plan. What is your timeframe? First and foremost, you need to ask yourself how long you will test a plan before deciding whether to fully commit to it or abandon ship. Setting a timeframe will give you a point of reference, ensuring that you’re sufficiently prepared with funding and risk management along the way. Allow yourself a specified period to either improve your results or scuttle the plan. Which performance benchmarks are you targeting? It’s also necessary to identify performance metrics, including goals that will continue to challenge you but that are not so lofty that they are unattainable. Without milestones, you wouldn’t know when to celebrate or step it up. As a trader, you can use these benchmarks to keep you motivated and accountable and to wake up the next day and do it all over again even in the face of challenges. For example, you could strive for consistency by trading at least a couple of contracts with a positive risk/reward ratio. Another idea highlighted by EdgeClear is to target a 10% monthly return that you can then scale higher over time. How do you plan to gauge your performance? When you’re assessing your performance as a futures trader, you might be tempted to compare yourself with another trader. More often than not, nothing good comes from that, as the other trader is bringing a different set of skills, a different risk/reward profile and different resources to the fray. Instead, try measuring your performance against your own set of standards while consistently evaluating your results for improvements in areas like profits and losses, understanding that change might not happen overnight. As you adjust your risk/reward profile, target more successful trades — all the while acknowledging your comfort level and level of stress. How can you scale up the amount you’re trading? Once you start to experience success with your trading plan, it’s normal to consider scaling up to bolster your profits. Before you do, make sure you’re ready because while placing bigger bets could lead to greater rewards, it could also amplify losses. EdgeClear recommends considering practical factors like your personal resources while evaluating your past performance against your goals. Even if you are equipped to raise the stakes, make sure that the trade is worthy of a bigger commitment. Measure features like an asset’s liquidity to ensure you don’t unintentionally penalize yourself with things like slippage. Funding And Margin Are Key The CME has a minimum threshold for trading futures contracts. Keep in mind that futures contracts are inherently leveraged. Your broker might provide some day margin, allowing you to enter into a position with lower funds. Treat the day margin as greater buying power, like receiving additional chips at the poker table. However, EdgeClear warns that this margin could also translate into greater losses. If you are day trading with margins less than the required initial margin, positions may not be carried overnight. It's crucial to understand this limitation to avoid unexpected position liquidations. When it comes to funding your account, limit it to the amount of capital you can afford to lose. Avoid using capital that you need for your basic daily needs to fund your account. Otherwise, you are also more likely to increase your stress level. It’s better to reduce your position than trading with volatile emotions. Next, target funding your available risk capital with 100% of the initial margin for each contract you’re trading. For example, let’s say your trading strategy involves up to three E-mini S&P 500 futures, which carry an initial margin of $12,980 per contract (as of 6/17/2024). In this scenario, EdgeClear suggests funding with roughly $40,000, or at least half of that amount, if planning to exclusively day trade. Otherwise, consider downsizing to trading micro contracts. Risk Management And Accountability Go Hand In Hand Risk management is a critical part of any trader’s strategy, whether it’s someone at a trading firm or a retail trader. But in order to have proper risk management, a trader first must establish a partnership with a trusted party like EdgeClear to ensure greater accountability. This partner must be in the loop on your trading plan so that they can provide the support you need to stay on track every day. No matter how hard you work to perfect your trading plan, it’s important to put it to the test every day. Without accountability, it’s simple to become complacent or rest on your laurels, causing you to lose your hard-earned edge. The EdgeClear team boasts several decades of brokerage industry experience and recognizes the importance of providing support to online traders when they have questions — or are looking to take their trading game to the next level. Featured photo by Michał Parzuchowski on Unsplash. A forward-thinking futures broker. Led by industry experts who understand the complexities of trading, Edge Clear combines the best of technology, service and risk control. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Derivatives trading involves a substantial risk of loss and is not suitable for all investors. Contact Details Max Timmins max@edgeclear.com

July 25, 2024 08:35 AM Eastern Daylight Time

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Battery-Swapping Stocks Are Trending: Here’s Why U Power Is On The List

Benzinga

By Meg Flippin, Benzinga Electric vehicle (EV) battery-swapping services are taking off as the industry seeks ways to overcome barriers to widespread adoption. Getting stuck because of a dead battery is a big one. The time it takes to get charged up is another. Battery swapping fixes that, enabling drivers to have a full charge in minutes. It also makes owning an EV cheaper. The customer has to purchase the vehicle body and lease the battery pack. According to some estimates, that could save drivers thousands of dollars. All of this is driving this burgeoning industry and its players. U Power Ltd (NASDAQ: UCAR), the Chinese EV power solution company, is one of them. It is going after the market with its advanced UOTTA technology that enables consumers and fleet operators to replace dead EV batteries with fully charged ones in under five minutes. That alone is a big deal, but U Power also offers a battery-swapping ecosystem which includes building the infrastructure through to managing it. U Power Takes On The Competition U Power has some impressive competitors including Nio (NYSE: NIO) the Chinese EV maker, CATL, the leading Chinese EV battery producer and Ample, a San Francisco battery-swapping station start-up. But this isn't stopping U Power from seeing double-digit growth. The company credits that with its ecosystem of services, which it says its competitors don’t have. U Power is also differentiating itself with the customers it is courting. Last year, U Power's UOTTA ecosystem achieved industry-leading full product coverage for commercial vehicles. This coverage spans a wide range of vehicles from long-haul buses to light passenger vehicles, and container tractors to small trucks. U Power offers customized solutions tailored to customer needs. Setting The Standards Then there’s U Power’s partnerships, which will be key to the growth of this market. Battery-swapping is in its infancy and in the beginning the government will play a role in helping develop the market, but eventually the private sector will take over. Companies with broad partnerships with vehicle manufacturers and operators will have a seat at the table when it comes to setting battery-swapping technology standards. That will give them a lead in the market and they could emerge as the company others look to. U Power is among those standard-setting companies, spearheading the initiative. The company’s strong network of partnerships puts U Power in a position to expand the market. Those partnerships include a deal with Dutch electric vehicle company UNEX to provide battery-swapping vehicles and swapping station services to Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros (ANTRAL), a partnership with Cornerstone Technologies Holdings Limited, a leading EV charging solution provider and charge point operator based in Hong Kong, to jointly explore and develop a strategic business relationship and an agreement with a Peruvian miner to evaluate electric heavy-duty vehicles on an established haulage route. U Power also has a partnership with a major taxi company in China and is forging partnerships with Chinese automobile manufacturers to jointly develop commercial-use UOTTA-powered EVs, such as ride-hailing passenger EVs, small logistics EVs and light electric trucks. At last check, U Power has already sold eleven battery swapping stations, and has 14 patents and 24 pending patent applications in China. All of that is leading to impressive revenue growth. For 2023, revenue increased by 153.5% while gross profit margins reached 61.6%, up from 34.1%. Is U Power Undervalued? But you wouldn’t know it from its stock price. U Power’s valuation pales in comparison to some of its rivals, including Ample, which designs EV battery-swapping stations specifically for Uber drivers. Its stations are optimized for urban settings, and take up a small footprint equivalent to two parking spaces. Like U Power, Ample is forming partnerships within the industry. Back in 2021, Ample reached unicorn status, and while its valuation has come down a bit since then, it's still a highly valued player. U Power could follow a similar trajectory, as it is sporting a market cap of only $17.4 million, despite high growth, key partnerships and strong gross margins. The EV battery-swapping services market is just taking off as the EV market itself grows. Last year the US sold a record 1.2 million EVs. Meanwhile, China forecasts an estimated 20 million EVs will be on the road as of the start of this year. U Power is positioning itself to be a big player in the market and stand out from its rivals focused on battery swapping stations alone. With a broad portfolio of services, strong partnerships and a focus on the commercial market, U Power could be the next breakout stock in the evolving EV battery-swapping marketplace. Featured photo by Priscilla Du Preez 🇨🇦 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 25, 2024 08:30 AM Eastern Daylight Time

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Over 25,000 Individuals Demand FCC Hearing on Petition to Deny FOX Affiliate Broadcast License

Media and Democracy Project

Today, the Media and Democracy Project (MAD) was backed by 25,532 concerned individuals demanding that the Federal Communications Commission (FCC) hold a hearing to investigate whether FOX and its leadership violated long-standing FCC rules on the character required for broadcast licensees. The 611-page filing includes signatories from all fifty states, Washington, D.C., and Puerto Rico. It marks the one-year anniversary of MAD’s Petition to Deny the broadcast license renewal application for FOX Corporation-owned television station FOX 29 Philadelphia (WTXF). “Rarely does an FCC proceeding generate such a groundswell of public engagement, and we’re thrilled to have so many supporters joining our effort,” said Milo Vassallo, the executive director of MAD. “While FOX has peppered this proceeding with politicians and sports teams, we have dedicated our efforts to educating everyday Americans about the FCC’s role in determining whether FOX's leadership meets the character expected of a broadcast licensee.” The filing represents the views of concerned citizens joining MAD in demanding a hearing and according to the filing, “petitioning their government to investigate FOX, a greedy corporation that did incalculable harm when it actively sought to undermine the 2020 presidential election for the sake of its corporate profits.” They join a growing bipartisan chorus of former FCC officials, media veterans, and a noted First Amendment scholar supporting MAD’s petition. MAD’s Petition to Deny documents serious character and rule violations relating to WTXF’s parent corporation’s egregious conduct—spreading dangerous misinformation about the 2020 election all to protect the FOX media empire’s profits. The intentional distortion of news, authorized at the highest levels of FOX’s corporate structure, and fabricated by management and on-air personalities, represents a severe breach of the FCC’s policy on licensee character qualifications. Rupert and Lachlan Murdoch’s actions outlined in the court decision in Dominion v. FOX “shock the conscience.” The people deserve to know the full truth about FOX’s decisions, which showed discord in the 2020 election and contributed to the attack on our nation’s Capitol on January 6, 2021. In light of serious allegations of rule violations and concerns regarding character, on October 9, 2023, MAD filed a motion requesting the FCC to compel FOX to produce key nonpublic discovery from its various lawsuits to ensure full transparency and accountability for its actions. “Never in the history of the Commission has the agency been confronted with a license renewal applicant whose parent company was found by a court of law to have repeatedly presented false news,” said former FOX Broadcasting executive Preston Padden. “We are proud to be joined by so many in calling for a hearing and urge the Media Bureau to compel FOX to produce key discovery that has been withheld from the public.” It’s been nine months since the motion for discovery was filed, and outside opening the petition for Public Comment, the FCC has been silent. Today’s filing says this of the 25,532 individuals: “Petitioners have each volunteered their names in support of this effort because they believe that owning a broadcast station is more than a business—it is a public trust.” Now, it is more important than ever for the Commission to move swiftly to investigate and designate this matter for a hearing. To join this effort, visit foxpetition.com. The Media and Democracy Project: MAD is a non-partisan, all-volunteer, grassroots organization focused on strengthening a free and independent media in the public interest. MAD aims to improve our national discourse so that American voters can engage in informed decision-making. As part of that goal, MAD has an interest in the responsibility of journalists and media to report fully, accurately, and fairly on the electoral process and the outcome of elections. Additional information is available at www.MediaAndDemocracyProject.Org. To sign up for more information from The Media and Democracy Project, click here. Contact Details Raynor Ave. Aaron Alberico +1 202-744-0786 aalberico@raynoravenue.com Company Website https://www.mediaanddemocracyproject.org/

July 25, 2024 08:00 AM Eastern Daylight Time

News Release

Emerging Telemedicine Leaders: Stocks Shaping Healthcare's Digital Future

MGRX, HIMS, GDRX, TDOC

The telemedicine market is not just growing; it's booming. Valued at USD 97.48 billion in 2022 and projected to surge to USD 430.72 billion by 2031, with a robust CAGR of 17.95%, telemedicine is revolutionizing healthcare delivery worldwide. This industry uses telecommunications technology to provide remote patient consultations, diagnostics, and treatment, effectively bridging geographical barriers and lowering healthcare costs. Investors are increasingly drawn to this dynamic and transformative segment as demand for telemedicine grows, owing to its proven benefits in terms of accessibility and efficiency. Now, let's explore four stocks poised to capitalize on the potential growth in telemedicine. Mangoceuticals, Inc. (NASDAQ: MGRX), also known as MangoRx, is a pioneering force in men’s health and wellness, leveraging a secure telemedicine platform to offer a diverse array of products. The company's focus spans from hair growth solutions to hormone replacement therapies, with recent strides into the nutraceutical market marking a transformative expansion. Highlighting its commitment to innovation, MangoRx recently acquired a global patent portfolio aimed at preventing infections such as the common cold and HPV. This strategic move underscores MangoRx's pivot towards non-prescription, nutraceutical-based products featuring proprietary ingredients like GALALCOOL and zinc protoporphyrin IX. These components synergistically combat oral and respiratory infections, showcasing MangoRx’s dedication to preventive healthcare solutions. Financially, MangoRx reported a remarkable 108% revenue growth in the first quarter of 2024, reaching $214,000 compared to $100,000 in the same period last year. This substantial increase reflects successful customer acquisition strategies and early market penetration initiatives. Notably, the introduction of a direct-to-clinic sales division has further solidified recurring revenue streams by enabling healthcare professionals to prescribe MangoRx products directly. Securing DEA authorization for its HIPAA-compliant telemedicine platform through Surescripts marks a significant regulatory milestone for MGRX. This authorization allows the company to expand its product offerings to include controlled medications such as hormone replacement therapies, positioning MGRX at the forefront of telemedicine innovation. Amanda Hammer, COO of MangoRx, emphasized the transformative impact of this milestone, stating, “This authorization through Surescripts propels MangoRx into a new phase of growth, empowering us to introduce innovative products while maintaining rigorous regulatory compliance.” Internationally, MGRX has forged a strategic partnership with the International Society of Frontier Life Sciences and Technology (ISFLST), aimed at distributing its products in key markets including China, the Asia Pacific region, and Latin America (excluding Mexico). This collaboration leverages ISFLST’s extensive network to introduce MangoRx’s advanced health solutions to burgeoning markets, aligning with the company’s global expansion strategy. Innovation remains a cornerstone of MGRX's approach, highlighted by the initiation of efficacy studies on its patented respiratory illness prevention technology. These studies, announced on July 24, are conducted in collaboration with Vipragen Biosciences and IntraMont Technologies, Inc. They aim to validate the technology’s ability to prevent various viral infections, including H1N1 variants, Avian Flu, the common cold, and Coronavirus. James Intrator, CEO of IntraMont Technologies, expressed confidence in the technology’s potential, highlighting its unique mechanism of binding to viral proteins and acting as a barrier against respiratory viruses. The composition being tested contains a select tannin (enhanced polyphenol) and zinc gluconate. Previous research at Moscow State University showed a 93% decrease in active virus compared to the control group. The product is anticipated to be available as a lozenge or toothpaste, targeting the global influenza market valued at $8.28 billion in 2023. Mangoceuticals, Inc. (NASDAQ: MGRX) continues to lead in men’s health and wellness through strategic acquisitions, innovative product development, and expansive international outreach. Jacob Cohen, co-founder and CEO of MangoRx, reiterated the company’s mission, stating, “We are dedicated to advancing global health through innovative solutions. Our ongoing efforts in research, strategic partnerships, and product diversification position MangoRx to address critical healthcare needs worldwide.” Hims & Hers Health, Inc. (NYSE: HIMS) is a leading health and wellness platform committed to helping individuals feel great through better health. The company believes that how you feel in your body and mind transforms how you show up in life, driving its mission to build a future where nothing stands in the way of harnessing this power. By normalizing health and wellness challenges and innovating solutions, Hims & Hers makes feeling happy and healthy accessible. The company offers personalized care designed for effective results, acknowledging that no two people are the same. HIMS shares have shown remarkable growth potential, with shares up 150% year to date. This impressive performance positions Hims & Hers as an attractive option for investors, thanks to its rapid expansion, vast addressable market, and reasonable valuation. In the first quarter, the company reported a 46% year-over-year revenue increase, reaching $278.2 million. This growth was driven by a 41% increase in subscribers. With an impressive gross margin of 82%, Hims & Hers has the financial leeway to invest significantly in marketing, spending $130.6 million in the latest period. The company's long-term growth is supported by its early mover advantage, which allows it to capitalize on economies of scale and potential network effects by monetizing anonymized user data. In May, Hims & Hers launched a compounded GLP-1 weight loss injection at $199 per month, which is 85% less than brand-name versions like Ozempic and Wegovy sold by Novo Nordisk. Hims & Hers recently strengthened its leadership by appointing Kare Schultz to its Board of Directors. Schultz brings decades of leadership experience in the healthcare and pharmaceutical industries from organizations like Teva Pharmaceutical Industries, Lundbeck, and Novo Nordisk. His experience is expected to be invaluable, as Hims & Hers aims to redefine health and wellness for its customers. Andrew Dudum, CEO and co-founder of HIMS, expressed excitement about Schultz joining the board, stating, "We are in a transformative moment for healthcare with the opportunity to make life-changing treatments accessible to all who need them. Kare's experience gives us an incredible wealth of expertise." Schultz also shared his enthusiasm, saying, "Hims & Hers is on a trajectory to upend the healthcare industry. In my long career, this is the first company I have seen leveraging modern tools to break down barriers and change the status quo." With a combination of rapid growth, strategic leadership appointments, and innovative product offerings, Hims & Hers is certainly a telehealth stock to watch this year. GoodRx Holdings Inc. (NASDAQ: GDRX) is the top prescription savings platform in the U.S., helping over 25 million consumers and 750,000 healthcare professionals each year. Since its inception in 2011, the company has facilitated nearly $75 billion in savings on medications. GoodRx offers affordable options for both generic and brand-name drugs at over 70,000 pharmacies nationwide and provides valuable healthcare information. Recently, analysts at TD Cowen reaffirmed their positive outlook on GRX by maintaining a buy rating and a $16.00 price target. This confidence follows GoodRx’s announcement of a new biosimilar to Humira, an anti-inflammatory drug. The biosimilar, produced by Boehringer Ingelheim, will be available exclusively on GoodRx’s platform at $550 per two-pack—a 92% discount compared to Humira’s list price. This strategic move enhances GoodRx’s platform, positioning it as a key player in affordable medication options. The discount on Humira, a top-selling prescription drug globally, is expected to attract more users to GoodRx, potentially boosting its revenue and market position. Analysts view this as a significant growth opportunity within GoodRx’s business model. In addition to the Humira biosimilar, GDRX has partnered with Boehringer Ingelheim to provide the low-cost Adalimumab-adbm, now available at over 70,000 pharmacies. The company's upcoming quarterly report is anticipated to show 9% year-over-year growth in Monthly Active Consumers (MACs), supporting a positive revenue trajectory. GDRX has also made strides by appointing tech veteran Simon Patterson to its Board of Directors and setting ambitious financial targets, including over $1 billion in revenue and an adjusted EBITDA margin of 35%+ by 2026. With ongoing initiatives and a robust market presence, GoodRx continues to enhance its value proposition and growth potential. Teladoc Health (NYSE: TDOC) is at the forefront of virtual care, committed to enhancing the healthcare experience through personalized and comprehensive virtual services. Leveraging over two decades of expertise, Teladoc Health aims to support individuals throughout their entire health journey with advanced technology and data-driven insights. Despite its leadership in whole-person virtual care, Teladoc Health has faced significant challenges this year. The stock has dropped 56% due to disappointing quarterly earnings and mixed guidance. For Q1 2024, the company reported a net loss of $81.9 million, or 49 cents per share, slightly worse than the anticipated 47-cent loss. Revenue for the quarter reached $646.13 million, up 2.7% from the previous year. However, the company is grappling with high marketing and operating costs. On a brighter note, Teladoc is expanding its virtual nursing program, a strategic move to address the national nurse shortage. Additionally, its apps, which focus on managing diabetes, hypertension, and weight loss, are making strides in improving health outcomes by integrating physical and mental health activities. Looking ahead, analysts are optimistic about Teladoc’s recovery, projecting a 73% upside with a target price of $16.28. The recent appointment of Chuck Divita as CEO brings renewed hope. With his extensive experience in the healthcare sector, Divita is expected to steer Teladoc toward realizing its growth potential. Teladoc Health will report its Q2 2024 results on July 31, 2024, after market close, with a conference call scheduled at 4:30 p.m. E.T. to discuss the outcomes. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Cambridge Consulting to assist in the production and distribution of content related to MGRX. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 mark@razorpitch.com

July 25, 2024 06:00 AM Eastern Daylight Time

Digital and Real World Assets trading platform tanX hits billion dollar quarterly trading volume milestone

tanX

Trading platform tanX recently processed a billion dollars in quarterly spot trading volume across 3 million transactions (Q2, 2024), marking a 70% increase from the previous quarter. This milestone underscores the growing confidence and trust in decentralized trading platforms. Several factors are attributed to tanX's growth in 2024. The platform has implemented various product upgrades, including strategic partnerships with numerous Layer 2 scaling solutions. This expands the range of networks users can import their assets from to trade on tanX while maintaining fast order execution and low fees. Additionally, tanX has leveraged strategic initiatives like trading competitions and the recent launch of their loyalty program, SALT points, to incentivize user participation. The new spot Bitcoin exchange-traded funds (ETFs) have been a resounding success. As a group, they have now attracted more than $30 billion in assets under management. In Q2, these spot Bitcoin ETFs set a record with more than $64 billion in average monthly traded volume. However, amid this growth, the institutional need for a decentralized, secure, compliant, and transparent trading infrastructure remains paramount. In the wake of FTX's collapse, crypto traders have increasingly sought decentralized, non-custodial, and safer ways to execute orders and store their assets. This trend underscores the rising investor interest in decentralized crypto exchanges (DEXs). TanX, an orderbook spot DEX on Ethereum, is at the forefront of this transformation, offering a robust platform that ensures compliance, regulation, and transparency of assets to institutional clients through their institutional liquidity lines. Bhavesh Praveen, co-founder and CTO at tanX commented: “ TanX solves some of the critical problems faced by both institutions and users in DeFi. I'm incredibly proud of what we've accomplished, but I'm even more excited about what the future holds. We are working on a lot of exciting new features that will help traders and institutions make yield while trading & having full custody of their funds preventing any FTX like scenarios. We're shaping the future of finance with our hybridized exchange engines, and I couldn't ask for a better team to be on this journey with.” The debate over the merits of DEXs compared to CEXs is well-rehearsed. CEXs offer a familiar feel for investors, particularly those accustomed to dealing with assets like equities on stock exchanges, and often provide a more user-friendly customer interface. However, DEXs offer self-custody and help you retain full ownership of your crypto. tanX acts as a bridge between the two worlds and has been pioneering a hybrid operational model where CEXs can integrate tanX’s solution and provide their customers non-custodial trading while retaining the existing user experience. Vikram, founder at Giottus Exchange commented “tanX brings in a new perspective in bridging the centralized and decentralized space by delivering high performance trade throughput and security, especially for institutions who are worried about KYC complaint trades, it can't get better than tanX in the decentralized exchange space” In the current climate, where many exchanges face increasing regulatory scrutiny over their operations in the U.S. and allegations of canvassing breaches and money laundering in France, the importance of compliance cannot be overstated. DEXs also face risks of misuse since they are not required to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. The founder suggested that tanX addresses this issue by offering institutions geo-fencing and KYC-routed orders, ensuring that trades are executed only with known counterparties. Shaaran Lakshminarayanan, co-founder and CEO at tanX commented: “At tanX our goal is to catalyze the institutional adoption in the digital asset space and onboard the next 100 billion dollar institutional crypto in-flow into the market.” tanX is a venture-backed trading platform that raised a $16.5m (at a $100mn valuation) from Pantera Capital, Elevation Capital, Starkware Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund Ventures and angel investors. About tanX tanX is the world’s leading decentralized exchange for institutions and high frequency traders. Presently ranked as one of the top 10 decentralized exchanges in the world by trading volume backed by Pantera Capital, Elevation Capital, Starkware Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund and Marquee angel investors. For more information please visit https://tanx.fi/ or follow via LinkedIn, X, YouTube or Discord. Contact Details tanX Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://tanx.fi/

July 25, 2024 06:00 AM Eastern Daylight Time

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Stairhopper Movers Recognized as Boston's Top Moving Company

Rev Up Marketers

Stairhopper Movers, a leading moving company based in Boston, has earned top honors from various prestigious publications, including Forbes, Google, Yelp, and Boston.com. This recognition follows decades of proud service and customer satisfaction, and it underscores their dedication to providing exceptional moving services to clients across Boston and New Hampshire. Founded by Adrian Iorga, who moved to the United States from Romania in 2001, Stairhoppers has built a sterling reputation for reliability and quality care for personal belongings. Further evidence of their reputation for their work lies in the fact that over 80% of their new clients come from word-of-mouth recommendations from previous satisfied clients. The company also holds a perfect 5-star rating on Google, based on over 6,000 reviews. Stairhopper Movers offers a comprehensive range of services, including residential and commercial moves, both local and interstate. They also provide storage solutions to cater to diverse client needs. Additionally, they offer packing services and a variety of moving resources on their website, such as a moving-day checklist, FAQ section about the company and moving in general, and a blog with useful tips and recommendations for the Boston area to inspire potential residents to join their community. Adrian Iorga, a dedicated entrepreneur and community advocate, leads Stairhoppers with a commitment to giving back. The company actively participates in local initiatives, reinforcing its mission to create value and trust within the community. Iorga and his team have revolutionized the moving industry by establishing a trusted name that treats clients and their belongings with the utmost respect. Reflecting on the company’s success, Iorga says, “We aim to exceed your expectations with our moving services, providing affordability and value. Moving can be stressful, but we strive to make your experience smooth, efficient, and successful.” “I invite you to experience the exceptional service, affordability, and value that Stairhopper Movers offers. Moving can be challenging, and our goal is to eliminate the stress and ensure your move is fast, efficient, and successful.” - Adrian Iorga, founder and CEO of Stairhoppers. About Stairhopper Movers Stairhoppers Movers is a moving company based in Boston, MA, serving both residential and commercial clients in Boston and New Hampshire. Founded by Adrian Iorga, the company is renowned for its reliability, comprehensive services, and strong community involvement. Contact Details Stairhopper Movers Adrian Iorga +1 857-928-0876 move@stairhoppers.com Company Website https://stairhoppers.com/

July 25, 2024 05:13 AM Eastern Daylight Time

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HTX Ventures's EthCC 2024 Insights: Infrastructures are Strong, Applications Need Innovation

HTX Ventures

Singapore / July 24, 2024 – 2024 marked the 10th year anniversary of Ethereum ICO. To learn from front-end developers and connect with like-minded VCs and ecosystem users, several investment analysts from HTX Ventures have attended the largest annual European Ethereum event EthCC last week. This article outlines some of our observations about the current market situation. Optimize Ethereum Vitalik Buterin delivered a keynote speech in Brussels on "Hardening the L1: Optimizing Ethereum as a Highly Robust, Dependable and Permissionless Base Layer for L2s." In his speech, Vitalik reaffirmed Ethereum's roadmap to provide the most decentralized and secure settlement Layer 1 for various Layer 2s, with five main improvement directions for Ethereum outlined: Decentralized DeFi: To maintain the decentralized nature of the Ethereum network, encouraging solo staking is essential. This can be achieved by lowering its barriers to entry through things like easing node operation and reducing the staking monetary threshold. Other risks that need to be considered include the risk of liquidity staking and the related risk of MEV (Miner Extractable Value). Layer 2 Solution: To achieve Ethereum’s roadmap, efforts need to be focused on increasing the data availability bandwidth for Layer 2 storage and lowering the cost of storage on Ethereum. Security and Privacy Protection: Vitalik encourages validators to prepare for 51% attacks by providing automatic coordination on the same minority fork when an attack occurs. He also suggests potential solutions for future quantum attacks. Light Clients: Promoting the adoption of light clients like Helios for Layer 1s, and developing similar solutions for Layer 2s, user's secure blockchain interactions can be ensured without relying on centralized servers. Protocol Simplification: To ensure Ethereum remains a robust base layer, its technical debt needs to be reduced. 2. Investment Slowdown The pace of investment for VCs across the market is temporarily slowing down due to three main reasons: the ambiguity of market liquidity, listing trends/macro situation, and high FDV (Fully Diluted Valuation) VC rounds. As the market makes some value corrections and the political and economic situation clarifies in the latter half of 2024, VCs are expected to resume a more active investment pace. 3. Misaligned Invest Direction The consensus agrees that having strong consumer applications is crucial to getting more people to use blockchain technology. However, VCs’ funding is telling a different story. Currently, a large part of funding is still going towards infrastructure, especially AI, security, privacy, and blockchains. This investment trend is even more significant within the Ethereum ecosystem. The current misalignment of investment direction is partly due to the lack of innovative narratives among consumer applications. 4. Alternative Ecosystem Focus: Outside of the main Ethereum ecosystem discussion, three other main types of blockchain are at the center of attention: Community-Driven Blockchains: Blockchains like Ton focus on creating good user experiences and consumer applications that can be used by millions of non-crypto users. Parallel EVM Blockchains and Modular Solutions: Solutions such as Monad and Avail leverage Ethereum while offering improved functionalities. BTC Ecosystem: The Bitcoin ecosystem is also exploring user applications. 5. Macro Expectation Due to the release of blockchain ETFs, the crypto market is becoming more in sync with the traditional financial system. The upcoming US presidential election and the expected Fed rate cut will affect crypto regulations, economic direction, and the liquidity of the U.S. dollar and related pegged currencies. Currently, as the probability of Trump winning the election is increasing, the market holds an optimistic view toward the future of the crypto market post the end of 2024. HTX Ventures' Engagement Alongside attending the main event, HTX Ventures sponsored and spoke at several side events, such as the LSDFI Summit and VC<> Start-Up Connect. Our researchers and Managing Partner shared insights on "Restaking Development'' and "How to Successfully Launch a Web3 Ecosystem." This year's EthCC conference showcased an unshakeable status of the Ethereum ecosystem and provided forward-looking technical discussions and application explorations. HTX Ventures is committed to supporting the long-term development of the Ethereum ecosystem and continually seeking technologies and projects that will advance the crypto user experience. == About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless, Gitcoin, Figment, and Animoca. Feel free to contact us for investment and collaboration at VC@htx-inc.com. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

July 24, 2024 12:42 PM Eastern Daylight Time

News Release

Golden Shield Resources Announces Acquisition of Tucano Gold

Golden Shield Resources

Golden Shield Resources Executive Chairman Leo Hathaway joined Steve Darling from Proactive to announce a strategic move for the company. Golden Shield Resources has entered into a non-binding letter of intent with Tucano Gold to acquire all issued and outstanding securities of Tucano Gold in exchange for securities in Golden Shield Resources. This acquisition positions Golden Shield Resources to benefit from continued exposure to exploration opportunities at Marudi and the potential of Tucano Gold to unlock the value of a near-producing, high-grade gold asset in Brazil. Both Marudi and Tucano Gold are situated in the same geologically rich but poorly understood gold belt, providing the resultant company with significant geological knowledge, operational synergies, and strategic advantages for future discoveries. Tucano Gold's primary asset, Mina Tucano, is an open-pit operation with substantial underground development potential. It is fully equipped with state-of-the-art infrastructure capable of processing up to 3.5 million tonnes of ore per year. Currently on care and maintenance, Mina Tucano is scheduled for a production restart in Q4 2024. This acquisition is expected to enhance Golden Shield Resources' operational capabilities and expedite its path to production, thereby delivering significant value to its shareholders. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 24, 2024 11:51 AM Eastern Daylight Time

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