Market Newsdesk

CHARLOTTE, N.C., Dec. 20, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that Strategic Partners, Inc. has joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with National Financial Alliance (NFA). The Strategic team reported having served approximately $830 million in advisory, brokerage and retirement plan assets, with an additional $600 million fixed life insurance and annuity assets*. They join LPL from Royal Alliance, part of the Advisor Group network.

Headquartered in Parsons, Kansas, Strategic Partners Owner/President Chris Lubbers CFP^®, CFS^®, started his practice in 1994 while still in college, adding his first advisor a year later. He expanded the business in 2007 to create Strategic Partners, and the firm now has 18 advisors in nine states spanning from Texas to Connecticut. They are assisted by 16 client services support members.

Born and raised in Parsons, Lubbers brings a unique bond with the local community to the firm, as well as a desire to assist independent advisors across the country in their mission to deliver outstanding service experiences, customized strategies and a wide range of products to their clients.

“Our strength is the support and resources that we have available to help independent advisors thrive,” Lubbers said. “Our advisors each have a unique specialty and niche, all focused on comprehensive financial planning, and our goal is to connect them with specialists to help elevate their services. That includes our advanced planning division, a 401(k) team and our own insurance resources, as well as those from our new partners at National Financial Alliance and LPL.”

Why did Strategic Partners move to LPL & National Financial Alliance?

Lubbers and team turned to LPL and NFA for enhanced technology solutions, streamlined operational efficiencies and growth opportunities.

“I’m all about efficiency and that’s where LPL shines,” Lubbers said. “The firm has invested heavily in its technology platform, creating efficient processes and enhanced solutions that will help our advisors provide better services. Clients will have easier access to reporting and account information, all in one place to give them a deeper understanding of their financial picture.”

Lubbers also believes the move to LPL will appeal to other advisors who may be interested in joining Strategic Partners. “We wanted to be somewhere that is committed to the success of its advisors, investing in platforms and resources that will help us grow,” he said.

The opportunity to partner with National Financial Alliance was equally appealing, Lubbers said, adding that he’s known NFA’s CEO and President Reagan Wagner for more than 20 years. “The opportunity to join forces with Reagan and tap into the additional resources that he’s developed was a game changer,” Lubbers said. “We are excited to work with other like-minded advisors, and we believe there will be synergies as we leverage resources between both firms.”

Wagner agreed, stating, “NFA’s mission is to help advisors reach their vision of financial success. Our mission aligns with Chris and his team. We believe the affiliation together will have direct impact on our mutual growth and ability to serve our mission. We are thankful Chris and his team have joined the LPL/NFA family and we look forward to serving them and helping them reach their vision of success. We believe there is value when successful firms choose to work together.”

Scott Posner, LPL Executive Vice President, Business Development, added, “On behalf of the entire LPL community, I extend a warm welcome to Chris and all of the advisors and staff at Strategic Partners, Inc. We are honored they recognized the value of partnering with LPL as they take steps to elevate their practice and create differentiated experiences for their clients. Here at LPL, we’re deeply committed to making ongoing investments in innovative technology, integrated wealth management capabilities and robust business solutions designed to help the firm and each individual advisor in their network be successful. Congratulations also to National Financial Alliance for expanding their network. We look forward to seeing the many synergies between the teams and supporting both firms for years to come.”

Related

Advisors, find an LPL business development representative near you.

About LPL Financial


LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around Today, LPL is a leader in the markets we serve**, supporting more than 21,000 financial advisors, including advisors at approximately 1,100 institution-based investment programs and at approximately 500 registered investment advisor (“RIA”) firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

*Value approximated based on asset and holding details provided to LPL from year-end 2021.

**Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S. (Based on total revenues, Financial Planning magazine 1996-2022); among third-party providers of brokerage services to banks and credit unions, No. 1 in AUM Growth from Financial Institutions; No. 1 in Market Share of AUM from Financial Institutions; No. 1 in Market Share of Revenue from Financial Institutions; No. 1 on Financial Institution Market Share; No. 1 on Share of Advisors. (2021-2022 Kehrer Bielan Research & Consulting Annual TPM Report). Fortune 500 as of June 2021.

LPL and its affiliated companies provide financial services only from the United States.

Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. Strategic Partners, Inc., National Financial Alliance and LPL Financial are separate entities.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

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(704) 996-1840

Tracking #1-05351991

NEWPORT, R.I., Dec. 20, 2022 (GLOBE NEWSWIRE) — Global all-domain defense partner HII (NYSE: HII) collaborated with the Navy on a research and development effort that advanced the launch and recovery of a large size unmanned undersea vehicle (UUV), using an amphibious ship and HII’s Pharos system.

“This is a great example of synergies within HII that accelerate the Navy’s vision for the future fleet,” said Chris Kastner, HII president and CEO. “I’m proud of the cross division teaming, plus the pace of progress of unmanned systems toward launch and recovery from an amphibious ship.”

Building on the success of a June 2022 demonstration where HII launched and recovered its large diameter UUV Proteus with its Pharos system, HII entered into two separate Cooperative Research and Development Agreements (CRADA) to further advance the capability to deploy unmanned vehicles from ships. The CRADAs were with Naval Surface Warfare Center Panama City division and the Naval Undersea Warfare Center Division Newport, Rhode Island.

Photos accompanying this release are available at: https://hii.com/news/hii-pharos-launch-and-recovery-navy-unmanned.

Led by the company’s Advanced Technology Group, comprised of members from Mission Technologies and Ingalls Shipbuilding divisions, HII designed and constructed a surrogate system which was land tested in Panama City, Florida, to ensure the system could accommodate the Navy’s Snakehead phase one large displacement unmanned undersea vehicle (LDUUV) in a loaded condition. The test demonstrated that Pharos can be adapted to a wide range of vehicles, including LDUUVs.

Following that successful demonstration, Pharos and the Snakehead LDUUVs were tested at the Navy’s Narragansett Bay Test Facility in Newport. Pharos, with the Snakehead LDUUV embarked in its cradle, was lowered down and pulled up a ramp to simulate disembarking and embarking the system in the well deck of an amphibious ship. The simulation ensured that the 22,000-pound pull was within the existing capabilities of an LPD as operating in the Navy fleet.

“These demonstrations validate a near term launch and recovery capability for the Pharos system,” said Todd Borkey, HII’s executive vice president and chief technology officer. “HII accelerates the transitioning of new technology into the customer’s mission, thus we are eager to enter the next phase of testing and demonstrate a launch and recovery from an LPD.”

The Pharos system began as a corporate independent research and development project. Ingalls Shipbuilding developed over 40 launch and recovery concepts from a mothership. These concepts were down-selected to the Pharos system with the objective of demonstrating the launch and recovery capability of a LDUUV from an LPD. Ingalls Shipbuilding and Mission Technologies took the Pharos concept and collaboratively designed, developed and constructed Pharos to enable the demonstrations.

About HII

HII is a global, all-domain defense partner, building and delivering the world’s most powerful, survivable naval ships and technologies that safeguard our seas, sky, land, space and cyber.

As America’s largest shipbuilder and with a more than 135-year history of advancing U.S. national defense, we are united by our mission in service of the heroes who protect our freedom. HII’s diverse workforce includes skilled tradespeople; artificial intelligence, machine learning (AI/ML) experts; engineers; technologists; scientists; logistics experts; and business professionals. Headquartered in Virginia, HII’s workforce is 43,000 strong. For more information, visit:

• HII on the web: https://www.HII.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on Twitter: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII

Contact:

Danny Hernandez
[email protected] 
(202) 580-9086

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/adfed9ca-87e8-458a-ada1-c7f322606ca2

GLYFADA, Greece , Dec. 20, 2022 (GLOBE NEWSWIRE) — United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today that it has entered into a definitive agreement with an unaffiliated third party for the sale of one of its LR2 product tankers, the 2008-built MT Minoansea. The vessel is scheduled to be delivered to its new owner by the end of December 2022.

The vessel’s gross sale price is $39 million, and the transaction is subject to customary closing procedures.

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“We are extremely pleased to announce another exceptionally profitable transaction for our shareholders, as the gross sale price of the Minoansea is at a premium of over 100% of the vessel’s acquisition price, while the return on equity is estimated at approximately 480%. The transaction follows the sale of the Company’s two Aframax vessels at a premium of approximately 50% over the vessels’ acquisition prices with a respective return on equity of approximately 240%.

“Since United Maritime’s initial listing six months ago, we have generated a combined profit from the sale of the three tankers of approximately $38m, which represents 130% of the Company’s market capitalisation as of December 19, 2022, and we have declared a special dividend of $1 per share.

“Following the sale of the vessels and the payment of the special dividend the cash equivalents of the Company are estimated in excess of $8.8 per share.

“We remain consistent with our strategy to pursue well-timed investments in the shipping industry and to generate profits in order to fund our growth and to further enhance our shareholders’ returns.”

About United Maritime Corporation

United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services. Upon completion of the sale of the MT Minoansea, the Company’s fleet will consist of one tanker vessel and one dry bulk vessel with an aggregate cargo carrying capacity of 280,961 dwt.

The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “USEA”.

Please visit the Company’s website at: www.unitedmaritime.gr

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; the impact of changes in regulatory requirements or actions taken by regulatory authorities on the Company’s operating or financial results; the Company’s financial condition and liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; increased operating costs associated with vessel aging; vessel damage; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; dependence on affiliates of the Company’s former parent and third-party managers to operate the Company’s business; availability of crew, number of off-hire days, classification survey requirements and insurance costs; changes in the Company’s relationships with contract counterparties; potential liability from future litigation and incidents involving the Company’s vessels; broader market impacts arising from war (or threatened war) or international hostilities, such as between Russia and Ukraine; risks associated with the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effects on demand for crude oil, petroleum products, dry bulk products, other types of products and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC, including its registration statement on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please contact:

United Investor Relations
Tel: +30 213 0181 522
E-mail: [email protected]

Capital Link, Inc.
Paul Lampoutis
230 Park Avenue Suite 1540
New York, NY 10169
Tel: (212) 661-7566
E-mail: [email protected]

One of NFL’s largest stadiums
deploying
70 next generation
FirstVu
Pro body cameras

Lenexa, KS, Dec. 20, 2022 (GLOBE NEWSWIRE) —
Digital Ally, Inc. (NASDAQ: DGLY)
(the
“
Company
”
), today announced the continuation and expansion of its partnership with MetLife Stadium. Home to the NFL’s New York Jets and New York Football Giants, MetLife Stadium is deploying 70 FirstVU PRO body cameras and three QuickVu 24-bay docking stations, and will utilize Digital Ally’s EVO Web cloud platform.

“At MetLife Stadium we strive for the best customer experience possible and an essential part of that is the safety and security of our visitors,” said Danny DeLorenzi, VP of Security and Safety Services for MetLife Stadium, adding, “Partnering with Digital Ally for several years now, we are confident we are getting the most innovative and dependable video solutions for the stadium and our patrons.”

“We are extremely proud of our long-standing relationship with MetLife Stadium,” said Stan Ross, CEO of Digital Ally, adding, “Their commitment to fan experience, including safety and security, makes them a great partner for Digital Ally’s innovative and dependable products, and unsurpassed service.”

The FirstVu PRO features include:

• Live
  GPS Tracking: With cellular connectivity the FirstVu PRO can be tracked in near real time from the EVO Web cloud platform.
• Remote Activation: From the EVO Web cloud platform administrators can remotely activate recordings.
• Full-Color Touchscreen: A large 2.4” capacitive touchscreen display allows for easy review of evidence from the device in the field.
• Full HD Audio & Video: Capture clear, full HD 1080p video. Record better evidence with advanced image sensors, improved low-light performance, reduced motion blur and audio noise reduction technology. Also equipped with IR LEDS, the body camera can identify subjects up to 5 meters away in complete darkness.
• Rugged & Reliable: IP67 rated against dust & wind and water submersible for 30 minutes. MIL-STD-810G compliant capable of handling drops, shocks and vibrations.

As part of Digital Ally’s complete ecosystem of video solution products, the FirstVu PRO is compatible with the recently released QuickVu docking station. Digital Ally’s QuickVu system provides a comprehensive and elegant solution for charging, reviewing and offloading video evidence to the cloud.

All evidence captured by the FirstVu PRO body camera is hosted in the Company’s EVO Web cloud platform– which also supports other products including the FirstVu II body camera and EVO-HD in-car system – allowing users to review evidence from one centralized platform.

The FirstVu PRO launched during the first quarter of 2022 and has enjoyed robust demand through its flexible subscription payment plan.

About MetLife Stadium

MetLife Stadium, located in East Rutherford, NJ, is the home of the New York Jets and New York Football Giants. It is one of the largest stadiums in the NFL with a capacity of 82,500. MetLife Stadium hosts the world’s biggest events on the world’s biggest stage. Since opening in 2010, MetLife Stadium has hosted over 500 major events and 2,500 special events. Event highlights include the first outdoor, cold-weather Super Bowl XLVIII, WrestleMania 29 and 35, the Copa America Centenario Final, the 2021 Army-Navy Game, and many concerts, college football games, and international soccer matches. MetLife Stadium is a finalist to host games for the 2026 FIFA World Cup.

MetLife Stadium has been named “Highest Grossing Stadium of the Year” 9 times by Billboard and “2017 Venue of the Year” by StadiumBusiness.

In 2021, MetLife Stadium became the first NFL Stadium to join the UN Framework Convention on Climate Change’s Sports for Climate Action Framework, which aims to achieve global greenhouse gas (GHG) emissions reductions goals. 

MetLife Stadium was the first NFL stadium to receive SAFETY Act certification by the US Department of Homeland Security in 2013 and has ranked No. 1 for Safety by Security magazine’s “Security 500” in the Spectator Sports Facility division for 9 straight years.

About Digital Ally

Digital Ally Companies (NASDAQ: DGLY) through its subsidiaries, is engaged in video solution technology, human & animal health protection products, healthcare revenue cycle management, ticket brokering and marketing, event production and jet chartering. Digital Ally continues to add organizations that demonstrate the common traits of positive earnings, growth potential, innovation and organizational synergies.

For additional news and information please visit www.digitalallyinc.com or follow additional

Digital Ally Inc. social media channels here:

Facebook | Instagram | LinkedIn | Twitter

Contact Information

Stanton Ross, CEO
Tom Heckman, CFO
Digital Ally, Inc.
913-814-7774
[email protected]

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: whether the Company will be able to maintain or expand its share of the markets in which it competes with the
FirstVu
II and
Pro
body cameras,
QuickVu
docking stations
and EVO Web;
whether the Company will make a global impact with its technology innovations; whether the Company will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to attract and retain customers and quality employees; the effect of changing economic conditions;
whether the technology referenced in this release will work as anticipated and meet the needs of the Company’s customers;
and changes in government regulations, tax rates and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company’s disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in its annual report on Form 10-K for the year ended December 31, 2021 and quarterly report on Form 10-Q for the three months ended
September
30
, 2022, as filed with the Securities and Exchange Commission.

First Woman President and CEO of MSM and Internationally Recognized Health Equity Advocate Joins in GeoVax Special Advisory Role

ATLANTA, GA, Dec. 20, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — GeoVax Labs, Inc. (Nasdaq: GOVX), a biotechnology company developing immunotherapies and vaccines against cancers and infectious diseases, announced today the appointment of Valerie Montgomery Rice, MD, FACOG, Morehouse School of Medicine President and CEO, as Special Advisor to the Chairman/CEO and Board of Directors of GeoVax.

Dr. Montgomery Rice brings GeoVax exceptional expertise and highly recognized experience at the highest levels of healthcare leadership, patient care, biomedical research, and public health policy.

“We are delighted Dr. Montgomery Rice is joining in this unique advisory role for GeoVax’s growing ecosystem of outstanding executives, advisors, board members, scientists, and partners,” said David Dodd, GeoVax Chairman and CEO. “Her organizational management acumen and career-long dedication to advance medical training, health equity and other critical areas of public health, will add dimension to our initiatives to expand access to our investigational vaccines and immunotherapies against life-threatening infectious diseases and cancers.”  

Dr. Montgomery Rice has been a driving force behind research, education and care that closes equity gaps in healthcare, including women’s health. She currently serves as President and Chief Executive Officer of the Morehouse School of Medicine (MSM) in Atlanta and is the first woman in the institution’s history to serve in this role. At MSM, she has also served as Dean and Executive Vice President and professor of Obstetrics and Gynecology. Prior to MSM, Dr. Montgomery Rice held a number of faculty and leadership positions at Meharry Medical College in Nashville, including professor and chair in the Department of Obstetrics and Gynecology, Dean and Senior Vice President of Meharry Medical College’s School of Medicine, and Program Director of the OB-GYN Residency Training Program and Founding Director of the Center for Women’s Health Research, one of the nation’s first research centers devoted to studying diseases that disproportionately impact women of color. Dr. Montgomery Rice also served in faculty and leadership roles at University of Kansas School of Medicine, Vanderbilt University Medical Center, and Henry Ford Medical Center.

Dr. Montgomery Rice holds memberships in various organizations and participates on several boards. She is an Advisory Board Member of the Historically Black Colleges and Universities Capital Financing Advisory Board. She also serves on the board of directors for UnitedHealth Group, Wellpath, 23&Me, Nemours, CARE USA, Josiah Macy Jr. Foundation, and the Moffit Cancer Center. In 2021, Governor Brian Kemp appointed Dr. Montgomery Rice to the Georgia Commission on Women, where she lends her depth of knowledge and expertise as a women’s health researcher to improve the life of women and their families in Georgia. In March 2022, President Joe Biden appointed Dr. Montgomery Rice to the President’s Committee on the National Medal of Science.

“I am particularly excited about GeoVax’s innovative programs focused on providing the public protection from the most pressing and emerging infectious disease threats,” said Dr. Montgomery Rice. “I look forward to helping GeoVax as the company progresses its vaccine and immunology programs toward patients.”

Dedicated to the creation and advancement of health equity, Dr. Montgomery Rice’s career has been recognized with numerous accolades and honors, notably, the Horatio Alger Award, the National Human Relations Award from the American Jewish Committee Atlanta, the Dean Griffin Community Service Award from the Georgia Institute of Technology, Girls Inc. 2019 Smart Award, the National Medical Association OB/GYN 2019 Legend of the Section Award, the Turknett Leadership Character Award, Visions of Excellence Award from the Atlanta Business League, the Links Incorporated Co-Founders Award, the Trumpet Vanguard Award, the Dorothy I. Height Crystal Stair Award, National Coalition of 100 Black Women – Women of Impact, YWCA – Women of Achievement of Atlanta and Nashville, American Medical Women’s Association Elizabeth Blackwell Medal, and Working Mother Media Multicultural Women’s Legacy Award. 

Dr. Montgomery Rice holds a bachelor’s degree in chemistry from the Georgia Institute of Technology, a medical degree from Harvard Medical School, an honorary degree from the University of Massachusetts Medical School, and a Doctor of Humane Letters honorary degree from Rush University.

About GeoVax

GeoVax Labs, Inc. is a clinical-stage biotechnology company developing novel therapies and vaccines for cancers and many of the world’s most threatening infectious diseases. The company’s lead program in oncology is a novel oncolytic solid tumor gene-directed therapy, Gedeptin®, presently in a multicenter Phase 1/2 clinical trial for advanced head and neck cancers. GeoVax’s lead infectious disease candidate is GEO-CM04S1, a next-generation COVID-19 vaccine targeting high-risk immunocompromised patient populations. Currently in two Phase 2 clinical trials, GEO-CM04S1 is being evaluated as a single-dose, COVID-19 vaccine for immunocompromised patients such as those suffering from hematologic cancers and other patient populations for whom the current authorized COVID-19 vaccines are insufficient. In addition, GEO-CM04S1 is in a Phase 2 clinical trial evaluating the vaccine as a more robust, durable COVID-19 booster among healthy patients who previously received the mRNA vaccines. GeoVax has a leadership team who have driven significant value creation across multiple life science companies over the past several decades. For more information, visit our website: www.geovax.com.

Media Relations Contact:

Gina Cestari
6 Degrees
917-797-7904 
[email protected]

Investor Relations Contact:

Rich Cockrell
CG Capital
404-736-3838 
[email protected]

New York, NY, Dec. 20, 2022 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (the “Company” or “MFH”) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that, on December 15th, 2022, it entered into an asset purchase agreement (the “Agreement”) with Huangtong International Co., Ltd. (the “Huangtong International”), providing for the Company’s acquisition and purchase of Web3 decentralized storage infrastructure, including cryptocurrency mining servers, cables, and other electronic devices, for an aggregate consideration of  $5,980,000, payable in the Company’s ordinary shares. The investment is made with an aim to own mining machines capable of gathering, processing, and storing vast amounts of data, and to further solidify the Company as a pioneer in the creation of the Web3 framework.  

Pursuant to the Agreement, MFH would make the payment for the aforementioned equipment in the form of its ordinary shares, at a stipulated price of $0.0022 per share, in the aggregate amount of 2,718,181,818 shares. The ownership of the crypto-mining equipment will be passed to MFH after the Company successfully issues the Purchase Price Shares to Huangtong International. Huangtong International will remain responsible for the installation of all mining equipment at sites designated by the Company and will also undertake routine maintenance of the devices for one year.

“We are excited to announce that today our company took yet another major step toward the goal of maintaining our position as a leader in Web3 with the investment in an advanced fleet of machines,” said company CEO Shi Qiu.  “As the core infrastructure for the future of Web3, the entire Web3 infrastructure needs to be built over the coming years and our company continues to position itself to not only contribute significantly to its creation, but also to profit considerably from this exciting and ever-expanding space.  We believe that these machines have a high storage capacity and low latency, making them perfect for the creation of Web3 infrastructure. Meanwhile, we expect the infrastructure to enhance the efficiency of our current mining operations and the related crypto mining activities to add new revenue stream to the Company. We’ll continue to advance our vision of Web3 infrastructure, which help set the stage for reaching the revenue and profitability goals.” 

About Mercurity Fintech Holding Inc. Limited

Mercurity Fintech Holding Inc. is a digital fintech group powered by blockchain technology. The Company’s primary business scope includes digital asset trading, asset digitization, cross-border remittance and other services, providing compliant, professional, and highly efficient digital financial services to its customers. The Company recently began to narrow in on Bitcoin mining, digital currency investment and trading, and other related fields. This shift has enabled the company to deepen its involvement in all aspects of the blockchain industry, from production to circulation.

Forward-Looking Statements

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.

For more information, please contact:

International Elite Capital Inc. 
Vicky Chueng 

Tel: +1(646) 866-7989 
Email: [email protected]