Market Newsdesk

GUANGZHOU, China, May 18, 2021 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”, formerly known as YY Inc.), a global video-based social media platform, today announced that it plans to release its first quarter 2021 financial results after the U.S. market closes on May 27, 2021.

The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Thursday, May 27, 2021 (9:00 AM Beijing/Hong Kong Time on Friday, May 28, 2021). Details for the conference call are as follows:

Event Title:	JOYY Inc. First Quarter 2021 Earnings Conference Call
Conference ID:	#4293687

Due to the global outbreak of the COVID-19, operator assisted conference calls are not available at the moment. All participants must use the link provided below to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique registrant ID by email.

PRE-REGISTER LINK: 

http://apac.directeventreg.com/registration/event/4293687

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.joyy.sg/.

The replay will be accessible through June 4, 2021, by dialing the following numbers:

United States:	+1-646-254-3697
International:	+61-2-8199-0299
Conference ID:	#4293687

About JOYY Inc.

JOYY is a leading global social media platform that enables users to interact with each other in real time through online live media. On a mission to connect people and enrich their lives through video, JOYY currently operates several social platforms, including Bigo live for live streaming, Likee for short-form videos, Hago for casual games, and instant messaging platform and others. The Company has created highly engaging and vibrant user communities for users across the globe. JOYY was listed on the NASDAQ in November 2012.

Investor Relations Contact:

JOYY Inc.
Jane Xie/Maggie Yan
Email: [email protected]

ICR, Inc.
Robin Yang
Email: [email protected]

REDWOOD CITY, Calif., May 18, 2021 (GLOBE NEWSWIRE) — Rezolute, Inc. (Nasdaq: RZLT), a clinical-stage biopharmaceutical company developing novel therapies for diseases related to chronic glucose imbalance, today announced the addition of Quan Dong Nguyen, MD, MSc, FAAO, FARVO to its Scientific Advisory Board. Dr. Nguyen is a renowned expert in retinal vascular and uveitic diseases and is expected to provide valuable strategic and scientific counsel related to RZ402, the Company’s investigational oral plasma kallikrein inhibitor (PKI), for the treatment of diabetic macular edema (DME).

“Dr. Quan Dong Nguyen has a distinguished track record of innovative research leading to new treatments for ophthalmic diseases and we are honored to welcome him to our Scientific Advisory Board,” said Brian Roberts, MD, Head of Clinical Development at Rezolute. “Given his extensive clinical and research experience in uveitis and retinal vascular diseases such as diabetic retinopathy, Dr. Nguyen will be instrumental in guiding the clinical development strategy of RZ402 for the treatment of diabetic macular edema and future indication expansion opportunities.”

Dr. Nguyen is Professor of Ophthalmology at the Byers Eye Institute, Stanford University School of Medicine. He is known for his innovative work in early proof-of-concept, first-in-human clinical trials to evaluate potential pharmacotherapeutic agents for retinal vascular and uveitic diseases. Dr. Nguyen serves as principal investigator on multiple clinical trials sponsored by the National Eye Institute and other organizations for macular edema (from diabetes and uveitis), neovascular age-related macular degeneration (AMD), and ocular inflammatory and uveitic diseases. He and his team were among the first clinician scientists in the world to evaluate aflibercept for neovascular AMD and ranibizumab for DME; the initial results of these studies served as the foundation for subsequent trials leading to the approval of EYLEA and Lucentis by the U.S. Food and Drug Administration and other regulatory authorities.

“During the past 15 years, significant advances have been made in the understanding of the pathophysiology and management of DME,” said Dr. Nguyen. “The standards of care have transformed from laser photocoagulation to intravitreal pharmacotherapy, especially with the anti-VEGF therapies. However, significant unmet needs remain due to the high treatment burden of regular injections and refractoriness to these therapies in some patients. Rezolute is pursuing an innovative approach to address DME, and I am eager to contribute to the possibility of an earlier treatment intervention that is convenient, comfortable, and potentially more efficacious for patients. I am delighted and excited to join the Scientific Advisory Board at Rezolute, assisting very dedicated research and clinical teams.”

Dr. Nguyen has published over 300 peer reviewed articles and is on the Editorial Board of several journals, including the Journal of Ophthalmic Infection and Inflammation and Ophthalmic Surgery, Laser, and Imaging – Retina. He was chosen as the Inaugural Editor-in-Chief of American Journal of Ophthalmology Case Reports, which was launched in the fall of 2015 as the companion journal to the American Journal of Ophthalmology. Dr. Nguyen has been elected to many prestigious national and international professional organizations, including the Macula Society, the Retina Society, the American Society of Retina Specialists, the American Uveitis Society, the International Ocular Inflammation Society, the International Uveitis Study Group, the Club Jules Gonin, and the American Ophthalmological Society.

Dr. Nguyen received his BS and MSc in Molecular Biophysics and Biochemistry from Yale University, and his MD from the University of Pennsylvania School of Medicine. He completed his internship in Internal Medicine at the Massachusetts General Hospital, and his residency in Ophthalmology at the Massachusetts Eye and Ear Infirmary, Harvard Medical School. Dr. Nguyen completed fellowships in Immunology and Uveitis at the Massachusetts Eye and Ear Infirmary; Ocular Immunology at the Wilmer Eye Institute of the Johns Hopkins Medical Institutions; and Medical and Surgical Retina at the Schepens Eye Research Institute and the Massachusetts Eye and Ear Infirmary. After completing his education in 2001, Dr. Nguyen joined the faculty at the Wilmer Eye Institute, Johns Hopkins University School of Medicine, as Assistant Professor and then Associate Professor of Ophthalmology and Director of Medical Education. In 2013, he was appointed as the McGaw Endowed Chair in Ophthalmology, Professor and Chairman of the Department of Ophthalmology and the Inaugural Director of the Stanley M. Truhlsen Eye Institute, and Assistant Dean for Translational Research at the University of Nebraska Medical Center, before joining the faculty at Stanford.

About RZ402 and the contact activation kallikrein-kinin system

The contact-activation kallikrein-kinin system promotes increased vascular permeability and inflammation via key downstream mediators, including bradykinin, and activation of the intrinsic pathway of coagulation. Pathophysiologic upregulation of this system has been linked to a variety of diseases which are characterized by vascular dysfunction, including diabetic macular edema.

RZ402 is a selective and potent plasma kallikrein inhibitor (PKI) being developed as a potential oral therapy for the chronic treatment of diabetic macular edema (DME). By inhibiting the formation of kallikrein, RZ402 is designed to block downstream bradykinin production and the pro-inflammatory, pro-coagulant, and fluid-leakage contact-activation cascade.

About Diabetic Macular Edema (DME)

Diabetic retinopathy (DR) affects approximately one third of adults with diabetes and is the leading cause of vision loss in the working age population. DME is a severe vision-threatening complication of DR characterized by swelling of the retina and thickening of the macula, the part of the eye that is responsible for high-resolution vision. Anti-vascular growth factor (anti-VEGF) injections into the eye are the current standard of care for DME, requiring continued administration over long periods of time to preserve vision. Due to their invasive route of administration and occasional serious side effects, there is a tendency to delay treatment until later in the disease course, and long-term compliance with eye injection regimens can be difficult for patients. Coupled with inadequate responsiveness in some patients, this leads to overall undertreatment and suboptimal vision outcomes in DME patients.

About Rezolute, Inc.

Rezolute is advancing novel therapies for diseases caused by chronic glucose imbalance. The Company’s lead clinical asset, RZ358, is in Phase 2b development for treatment of congenital hyperinsulinism (CHI), a rare pediatric endocrine disorder. The Company is also developing RZ402, an orally available plasma kallikrein inhibitor, for the treatment of diabetic macular edema. For more information, visit www.rezolutebio.com or follow us on Twitter.

Forward-Looking Statements

This release, like many written and oral communications presented by Rezolute, Inc. and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “seek,” “strive,” “try,” or future or conditional verbs such as “could,” “may,” “should,” “will,” “would,” or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by applicable law or regulation, Rezolute undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

Media Contact

[email protected]

Investor Contact

[email protected]

BURLINGAME, Calif., May 18, 2021 (GLOBE NEWSWIRE) — ALX Oncology Holdings Inc., (“ALX Oncology”) (Nasdaq: ALXO) a clinical-stage immuno-oncology company developing therapies that block the CD47 checkpoint pathway, today announced that Jaume Pons, Ph.D., Founder, President and Chief Executive Officer and other senior executives, will participate in two upcoming virtual investor conferences.

UBS 2021 Global Healthcare Virtual Conference

Format: Podium presentation
Date: Monday, May 24
Time: 4:00 PM Eastern Time
Webcast link: Available here

Jefferies 2021 Virtual Healthcare Conference

Format: Fireside chat with analyst, Michael Yee
Date: Wednesday, June 2
Time: 1:30 PM Eastern Time
Webcast link: Available here

A live webcast of the UBS podium presentation and Jefferies fireside chat can be accessed by visiting the Investors section of ALX Oncology’s website at www.alxoncology.com and selecting Events under the News and Events tab. A replay of the webcasts will be archived for up to 90 days following the presentation dates.

About ALX Oncology

ALX Oncology is a publicly traded, clinical-stage immuno-oncology company focused on helping patients fight cancer by developing therapies that block the CD47 checkpoint pathway and bridge the innate and adaptive immune system. ALX Oncology’s lead product candidate, ALX148, is a next generation CD47 blocking therapeutic that combines a high-affinity CD47 binding domain with an inactivated, proprietary Fc domain. ALX148 has demonstrated promising clinical responses across a range of hematologic and solid malignancies in combination with a number of leading anti-cancer agents. ALX Oncology intends to continue clinical development of ALX148 for the treatment of a range of solid tumor indications as well as MDS and AML. For more information, please visit ALX Oncology’s website at www.alxoncology.com.

Investor Contact:

Peter Garcia
Chief Financial Officer, ALX Oncology
(650) 466-7125 Ext. 113
[email protected]

Argot Partners
(212)-600-1902
[email protected]

Media Contact:

Karen Sharma
MacDougall
(781) 235-3060
[email protected]

Phones and plans to 30 shelters and transition houses across the region to help women and their children, including Indigenous women, escape violence and abuse

Rogers enabling safe, critical connectivity for women in crisis as shelters see a spike in frequency and severity of violence during the pandemic

MONCTON, New Brunswick, May 18, 2021 (GLOBE NEWSWIRE) — Rogers Communications today announced it has expanded its phone and plan program to connect more Atlantic Canadian women and their children with digital lifelines and support to escape violence and abuse. Rogers has increased its support from last year, by donating phones and plans to 30 women’s shelters and transition houses in Rogers wireless coverage areas in New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador during this third wave of the pandemic. As the severity and frequency of domestic violence and demand for safe shelter space continues to rise following initial pandemic lockdowns a year ago, Rogers is expanding its efforts to drive awareness and safe connectivity to support the most vulnerable.

Last spring, at the start of the pandemic, Rogers launched a national program with Women’s Shelters Canada to provide hundreds of phones and plans to more than one hundred shelters and transition houses, including those across Atlantic Canada, in addition to using the reach of its platforms and channels to help increase awareness of the domestic violence crisis. With growing waitlists for women’s shelters and transition houses, frontline crisis workers say these devices will continue to save women’s lives by keeping women safely connected to critical resources, particularly during lockdowns. The phone donation program is provided in collaboration with Motorola and LG.

Today’s announcement includes support for women’s shelters in Atlantic communities like Amherst, Antigonish, Bathurst, Bridgewater, Campbellton, Charlottetown, Colchester, Edmundston, Fredericton, Halifax, Kings, Hants West, Miramichi, Moncton, Sainte-Anne-de-Kent, Saint John, Shediac, St. John’s, St. Stephen, Sydney, Truro, Woodstock and Yarmouth.

As part of its efforts to ensure access to connectivity, Rogers also recently announced an expansion of its low-cost high-speed Internet program Connected for Success to hundreds of thousands of Canadians in its Internet coverage area in New Brunswick and Newfoundland. Those receiving income or disability support, the maximum childcare benefit, residents of RGI housing or seniors receiving the Guaranteed Income Supplement are eligible for the program.

If you are a woman experiencing abuse, please visit sheltersafe.ca to connect with the nearest shelter or transition house that can offer safety, hope and support.

Quotes:

“At Rogers, we are committed to helping the most vulnerable Atlantic Canadians stay connected to critical resources when they need it the most. The pandemic and lockdowns have led to many women in crisis being unable to safely call for emergency resources to help them escape from their abuser. By providing phones and plans, while helping amplify voices of those on the frontline of the domestic violence crisis, we are committed to helping those most in need.”

• Matt MacLellan, President of Atlantic Region, Rogers
  

“To women leaving abusive relationships, these phones represent connection. A connection to family and friends they may have been cut off from, a chance to call a potential landlord, an opportunity to reconnect with the shelter they have left, a desperate call to the police, or a reconnection to their own goals and dreams. These connections are lost in a controlling and abusive relationship. If you’ve been controlled and likely not able to reach out for help and support, having a phone after you leave can represent growth towards the life you need to be healthy.”

• Debrah Westerburg, NB South Central Transition House and Second Stage Coalition
  

“The member organizations of the Transition House Association of Nova Scotia are pleased to deliver Rogers phones to women who are vulnerable to violence. In an unsafe home, anything can be used as an instrument of control and abuse, and for women in this terrible situation, having their own phone is vital to be able to reach out for support safely. We appreciate this generous gesture for victims of abuse and the non-profit organizations who serve them, and trust it signals the start of a deeper sustained relationship with these organizations and the life-saving work they do.”

• Shiva Nourpanah, Transition House Association of Nova Scotia
  

“These phones are very valuable for us. Most people are under the mistaken impression that everyone has a phone these days and the means to pay for a plan. These donations mean that we have the ability to equip a woman in crisis, who would otherwise live in isolation, with the means to reach out for emergency and support services when they need to.”

• Danya O’Malley, PEI Family Violence Prevention Services
  

“These devices empower women to connect with safety and essential services that otherwise they may not have access to. A cell phone is a literal lifeline when used in a moment of crisis”

• Dan Meades, Transition House Association of Newfoundland
  

“As we enter a third wave of the pandemic, many Indigenous women living in remote communities are facing increased challenges in escaping violence and abuse. Providing these women with a new phone when they arrive at our shelters will prove to be a valuable tool in keeping them safely connected to family and friends, as well as vital services. Rogers’ expanded ‘digital lifeline’ program and planned network expansion are sure to benefit many Indigenous women and children seeking refuge in our shelters.”

• Sheila Swasson, President, National Aboriginal Circle Against Family Violence
  

“In a largely rural province like New Brunswick, access to dependable and secure communication is vital for those who may need to leave a relationship or require access to a phone in an emergency situation, for work, school, health, or access to the justice system,” said Tammy Scott-Wallace, minister responsible for Women’s Equality for the Province of New Brunswick. “I applaud Rogers Communication for their investment in this worthwhile initiative.”

• The Honourable Tammy Scott-Wallace, Minister of Tourism, Heritage and Culture and responsible for Women’s Equality, Government of New Brunswick
  

“We know that women face systemic barriers to economic security and safety. COVID-19 has made these issues even more apparent. By standing together, all of us – government, community partners, and the private sector such as Rogers – can help provide supports for women and their families, and ensure the needs of those who are vulnerable are met.”

• The Honourable Kelly Regan, Nova Scotia’s Minister responsible for the Advisory Council on the Status of Women 
  

“For women and gender diverse individuals living with violence, access to a mobile phone can be essential to help address isolation and allow them to safely reach out for the supports and services they need. I commend Rogers Communications for their continued support of transition houses and the women they support.”

• The Honourable Pam Parsons, Minister Responsible for the Status of Women, Government of Newfoundland and Labrador
  

“The traumatic impacts of family violence affects all of us. If we want to be effective in ending violence against women and children, we all need to play a role and do what we can. As Prince Edward Island’s Minister Responsible for the Status of Women, I would like to commend Roger’s Communications for their donation to women’s shelters across the country and here at home in PEI.” 

• The Honourable Natalie Jameson, Minister Responsible for the Status of Women, Government of Prince Edward Island
  

About Rogers

Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. We have grown to become a leading technology and media company that strives to provide the very best in wireless, residential, sports, and media to Canadians and Canadian businesses. Our shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). If you want to find out more about us, visit about.rogers.com.

For more information:

Rogers Communications, [email protected], 1-844-226-1338

Phones and plans to more than 30 shelters and transition houses across the region to help women and their children, including Indigenous women, escape violence and abuse

Rogers enabling safe, critical connectivity for women in crisis as shelters see a spike in frequency and severity of violence during the pandemic

CALGARY, Alberta, May 18, 2021 (GLOBE NEWSWIRE) — Rogers Communications today announced it has expanded its phone and plan program to connect more Alberta women and their children with digital lifelines and support to escape violence and abuse. Rogers has increased its support from last year, by donating phones and plans to more than 30 women’s shelters and transition houses in Rogers wireless coverage areas in Alberta during this third wave of the pandemic. As the severity and frequency of domestic violence and demand for safe shelter space continues to rise following initial pandemic lockdowns a year ago, Rogers is expanding its efforts to drive awareness and safe connectivity to support the most vulnerable.

Last spring, at the start of the pandemic, Rogers launched a national program with Women’s Shelters Canada to provide hundreds of phones and plans to more than one hundred shelters and transition houses, including those in Alberta, in addition to using the reach of its platforms and channels to help increase awareness of the domestic violence crisis. With growing waitlists for women’s shelters and transition houses, frontline crisis workers say these devices will continue to save women’s lives by keeping women safely connected to critical resources, particularly during lockdowns. The phone donation program is provided in collaboration with Motorola and LG.

Today’s announcement includes support for women’s shelters in communities like Calgary, Cold Lake, Edmonton, Regional Municipality of Wood Buffalo, Whitecourt, Camrose, High River, Strathcona County, Medicine Hat, Taber, Fort McMurray, Grande Prairie, Sherwood Park, Red Deer, Brooks, Strathmore, Banff, Lethbridge, Slave Lake, and Lloydminster.

As part of its efforts to ensure access to connectivity, Rogers also recently announced an expansion of its low-cost high-speed Internet program Connected for Success to hundreds of thousands of Canadians in its Internet coverage area in Ontario, New Brunswick and Newfoundland. Those receiving income or disability support, the maximum childcare benefit, residents of RGI housing or seniors receiving the Guaranteed Income Supplement are eligible for the program. The Rogers team is excited about future plans in Western Canada, including the opportunity to expand Connected for Success nationally to all communities where the company offers Internet service.

If you are a woman experiencing abuse, please visit sheltersafe.ca to connect with the nearest shelter or transition house that can offer safety, hope and support.

Quotes:

“We are proud to help enable women in crisis to safely connect to critical resources by providing phones and plans, and helping amplify the voices of those on the frontlines of the domestic violence crisis. At Rogers, we are committed to helping the most vulnerable Albertans stay connected and are proud to help those most in need.”
	–  Larry Goerzen, President of Alberta Region, Rogers
“We have simultaneously been enduring two pandemics, COVID-19 and the abuse against women- the shadow pandemic. Women and their children fleeing abuse need support more than ever, and a phone and a plan can be that lifeline to safety. Thank you to Rogers for expanding their program and for highlighting the need for safe connectivity for women in crisis. Together we can amplify the voices of those most in need of shelter services and supports, provide a lifeline, and work to end the shadow pandemic.”
	–  Jan Reimer, Executive Director, Alberta Council of Women’s Shelters
“We all want to support those impacted by domestic violence in their time of need. I am grateful to Rogers for expanding its ‘digital lifeline’ program—this directly increases accessibility, will connect people more quickly to services, and will ultimately save lives.”
	–  The Honourable Leela Sharon Aheer, Minister of Culture, Multiculturalism and Status of Women, Government of Alberta
“As we enter a third wave of the pandemic, many Indigenous women living in remote communities are facing increased challenges in escaping violence and abuse. Providing these women with a new phone when they arrive at our shelters will prove to be a valuable tool in keeping them safely connected to family and friends, as well as vital services. Rogers’ expanded ‘digital lifeline’ program and planned network expansion are sure to benefit many Indigenous women and children seeking refuge in our shelters.”
	–  Sheila Swasson, President, National Aboriginal Circle Against Family Violence

About Rogers

Rogers is a proud Canadian company dedicated to making more possible for Canadians each and every day. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. We have grown to become a leading technology and media company that strives to provide the very best in wireless, residential, sports, and media to Canadians and Canadian businesses. Our shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). If you want to find out more about us, visit about.rogers.com.

For more information:

Rogers Communications, [email protected], 1-844-226-1338

VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) — Corvus Gold Inc. (“Corvus” or the “Company”) – (TSX: KOR, NASDAQ: KOR) announces it has received additional drill holes results from the Mother Lode and Lynnda Strip oxide gold discoveries (Table 1, Figure 1). Corvus believes that these results will be an important addition to a maiden mineral resource estimate for Lynnda Strip and an updated Mother Lode mineral resource estimate scheduled for later in the year. The mineralization defined in these drill holes continues to support the large potential in the eastern Bullfrog District along the Mother Lode to Silicon belt. Corvus remains focused on assessing its strategic property package along this belt by expanding its currently defined deposits as well as new target opportunities.

Lynnda Strip

Drill holes ML20-183CT (180m @ 0.79 g/t Au) and ML20-185CT (185.4m @ 0.82 g/t Au) continue to demonstrate the thick and consistent nature of the large oxide, Lynnda Strip deposit. In addition, these holes have continued to expand the broad, higher grade internal vein systems within the bulk tonnage deposit (ML20-183CT: 21.5m @ 3.32 g/t Au & 17m @ 1.1 g/t Au and ML20-185CT: 14.6m @ 3.4 g/t Au & 6.4m @ 1.41 g/t Au). The currently defined vein systems that Corvus has identified at Lynnda Strip appear to be coalescing toward a large new structure target at depth, which is feeding the overall Lynnda Strip deposit. One key element of this new high-grade target is the structural system between the Lynnda Strip and South Merlin deposits (Wizard Fault), immediately west of hole ML20-185CT which is currently being tested.

Mother Lode

Drill holes ML20-174CT (26.7m @ 2.57 g/t Au & 6.08 g/t Ag including 7.3m @ 4.70 g/t Au & 9.87 g/t Ag), and ML20-175CT (14.5m @ 6.48 g/t Au & 25.9 g/t Ag), continues to expand the North Feeder Zone and are approximately 200 metres north of drill holes ML20-160CT (30.2m @ 1.42 g/t Au & 86.9m @ 1.65 g/t Au) and ML20-176CT (110.8m @ 1.68 g/t Au, including 58.7m @ 2.47 g/t Au) from NR21-04, February 9, 2021. The new holes are suggesting the northern extension of the Northern Feeder Zone may be thinning but increasing in grade as we approach the Corvus property boundary, which is about 250 metres north of hole ML20-174CT. At this point it appears that the northern extension of the Mother Lode system could be transitioning into an underground target that could potentially be accessed out the bottom of an open pit.

Jeffrey Pontius, President and CEO of Corvus, said, “With Corvus’ latest drill hole results we continue to add to the potential of the Eastern Bullfrog District along the productive Mother Lode to Silicon Belt. With the numerous discoveries and positive drill results that have been returned from the Eastern Bullfrog District, it appears this area is shaping up to host a large production center that could involve all major land owners in the area. With Corvus’ strong financial position and near-term production asset at North Bullfrog, the Company is well positioned to play a key role in the re-development of the Bullfrog Mining District.”

Table 1: Mother Lode & Lynnda Strip – New Discovery Drilling Results


(Reported intercepts are not true widths as there is currently insufficient data to calculate true orientation in space. Mineralized intervals are calculated using a 0.1 g/t cut-off unless otherwise indicated below)

Mother Lode

Drill Hole #	from (m)	to (m)	Interval (m)	Gold (g/t)	Silver (g/t)	Comment
ML20-174CT AZ 085 dip-73	471.81	498.50	26.69	2.57	6.08	Main Zone
inc	487.96	495.30	7.34	4.70	9.87	1 g/t cut
	519.38	539.50	20.12	1.11	3.65	CIZ
	543.15	546.90	3.75	0.36	4.68	CIZ

ML20-175CT AZ 087 dip-67	442.57	457.05	14.48	6.48	25.91	Main Zone
	473.05	485.24	12.19	0.13	0.36	CIZ
	500.48	503.53	3.05	0.12	0.33	CIZ
	512.67	516.51	3.84	0.11	0.77	CIZ
	543.15	559.92	16.77	0.13	0.46	CIZ

Lynnda Strip

ML20-183CT AZ 090 dip-63	296.05	476.10	180.05	0.79	n/a	Upper Zone
inc	296.88	318.42	21.54	3.32	n/a	Upper Vein 1 g/t cut
inc	451.71	468.75	17.04	1.10	n/a	Lower Vein #1 1 g/t cut
	480.80	494.69	13.89	0.17	n/a	Lower Zone
	500.18	503.32	3.14	0.17	n/a
	511.15	521.82	10.67	0.14	n/a
	526.03	543.15	17.12	0.29	n/a
	552.30	573.17	20.87	0.44	n/a
	576.93	594.97	18.04	0.12	n/a
	603.12	613.26	10.14	0.14	n/a

ML20-185CT AZ 090 dip-60	323.36	508.77	185.41	0.82	n/a	Upper Zone
inc	325.22	339.82	14.60	3.40	n/a	Upper Vein #1 1 g/t cut
inc	483.41	489.81	6.40	1.41	n/a	Upper Vein #2 1 g/t cut
	515.51	526.58	11.07	0.26	n/a	Lower Zone
	531.30	536.77	5.47	0.58	n/a
	563.68	588.87	25.19	0.21	n/a
	611.73	616.20	4.47	0.16	n/a

A graphic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e12f664f-3647-4c86-95c7-4a5c60d24929

Figure 1. Map for Lynnda Strip & Mother Lode drill holes, East Bullfrog District, Nevada

Qualified Person and Quality Control/Quality Assurance

Jeffrey A. Pontius (CPG 11044), a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), has supervised the preparation of the scientific and technical information that forms the basis for this news release and has reviewed and approved the disclosure herein. Mr. Pontius is not independent of Corvus, as he is the CEO & President and holds common shares and incentive stock options.

Carl E. Brechtel, (Nevada PE 008744 and Registered Member 353000 of SME), a qualified person as defined by NI 43-101, has coordinated execution of the work outlined in this news release and has also reviewed and approved the disclosure herein. Mr. Brechtel is not independent of Corvus, as he is the CAO and holds common shares and incentive stock options.

The work program at Mother Lode was designed and supervised by Mark Reischman, Corvus Gold’s Nevada Exploration Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project log and track all samples prior to sealing and shipping. Quality control is monitored by the insertion of blind certified standard reference materials and blanks into each sample shipment. All mineral resource sample shipments are sealed and shipped to American Assay Laboratories (“AAL”) in Reno, Nevada, for preparation and assaying. AAL is independent of the Company. AAL’s quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Finally, representative blind duplicate samples are forwarded to AAL and an ISO compliant third-party laboratory for additional quality control. Mr. Pontius, a qualified person, has verified the data underlying the information disclosed herein, including sampling, analytical and test data underlying the information by reviewing the reports of AAL, methodologies, results and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process.

Mr. Wilson, a qualified person, has verified the data underlying the information disclosed herein, including sampling, analytical and test data underlying the information by reviewing the reports of AAL, methodologies, results and all procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement.  There were no limitations on the verification process.

Metallurgical testing on North Bullfrog and Mother Lode samples has been performed by McClelland Analytical Services Laboratories Inc. of Sparks Nevada (“McClelland”), Resource Development Inc. of Wheatridge, CO (RDi) and Hazen Research Inc. of Golden, CO (HRi). McClelland is an ISO 17025 accredited facility that supplies quantitative chemical analysis in support of metallurgical, exploration and environmental testing using classic methods and modern analytical instrumentation. McClelland has met the requirements of the IAS Accreditations Criteria for Testing Laboratories (AC89), has demonstrated compliance with ANS/ISO/IEC Standard 17025:2005, General requirements for the competence of testing and calibration laboratories, and has been accredited, since November 12, 2012. Hazen Research Inc. (“Hazen”), an independent laboratory, has performed flotation, AAO testing and cyanide leach testing on samples of sulphide mineralization from the YellowJacket zone and Swale area of Sierra Blanca, and roasting tests on Mother Lode flotation concentrate. Hazen holds analytical certificates from state regulatory agencies and the US Environmental Protection Agency (the “EPA”). Hazen participates in performance evaluation studies to demonstrate competence and maintains a large stock of standard reference materials from the National Institute of Standards and Technology (NIST), the Canadian Centre for Mineral and Energy Technology (CANMET), the EPA and other sources. Hazen’s QA program has been developed for conformance to the applicable requirements and standards referenced in 10 CFR 830.120 subpart A quality assurance requirements, January 1, 2002. Resource Development Inc. is a state-of-the-art laboratory for metallic and industrial minerals filling a need for high quality, cost-effective, and timely technical services for the international mining industry.

For additional information see the following: “Technical Report and Preliminary Economic Assessment for Gravity Milling and Heap Leach Processing at the North Bullfrog Project, Bullfrog Mining District, Nye County, Nevada”, dated November 21, 2020 with an effective date of October 7, 2020 and “Technical Report and Preliminary Economic Assessment for BIOX Mill and Heap Leach Processing at the Mother Lode Project, Bullfrog Mining District, Nye County, Nevada” dated November 21, 2020 with an effective date of October 7, 2020, each of which is available under Corvus’ profile on SEDAR at www.sedar.com.

About the North Bullfrog & Mother Lode Projects, Nevada

Corvus controls 100% of its North Bullfrog Project, which covers approximately 90.5 km² in southern Nevada.  The property package is made up of a number of private mineral leases of patented federal mining claims and 1,134 federal unpatented mining claims.  The project has excellent infrastructure, being adjacent to a major highway and power corridor as well as a large water right. The Company also controls 445 federal unpatented mining claims on the Mother Lode project which totals approximately 36.5 km² which it owns 100%.  The total Corvus 100% land ownership now covers over 127 km², hosting two major new Nevada gold discoveries.

About Corvus Gold Inc.

Corvus Gold Inc. is a North American gold exploration and development company, focused on its near-term gold-silver mining project at the North Bullfrog and Mother Lode Districts in Nevada. In addition, the Company controls a number of royalties on other North American exploration properties representing a spectrum of gold, silver and copper projects. Corvus is committed to building shareholder value through new discoveries and the expansion of its projects to maximize share price leverage in an advancing gold and silver market.

On behalf of
Corvus Gold Inc.

(signed) Jeffrey A. Pontius
Jeffrey A. Pontius,
President & Chief Executive Officer

Contact Information:

Ryan Ko Investor Relations Email: [email protected] Phone: 1-844-638-3246 (toll free) or (604) 638-3246

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; timing for an updated mineral resource estimate; potential expansion of the deposit; the rapid and effective capture of the potential of our projects; the potential for new deposits and expected increases in the system’s potential; anticipated content, commencement and cost of exploration programs; the discovery and delineation of mineral deposits/resources/reserves; the potential to discover additional high grade veins or additional deposits; the growth potential of the projects; and the potential for any mining or production at the projects, are forward-looking statements. Information concerning mineral resource estimates may be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located,
variations in the market price of any mineral products the Company may produce or plan to produce, the Company’s inability to obtain any necessary permits, consents or authorizations required for its activities, the Company’s inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company’s 2020 Annual Information Form and latest interim Management Discussion and Analysis filed with certain securities commissions in Canada and the Company’s most recent filings with the United States Securities and Exchange Commission (the “SEC”). The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. All of the Company’s Canadian public disclosure filings in Canada may be accessed via

www.sedar.com

and filings with the SEC may be accessed via

www.sec.gov

and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

Cautionary Note to US Investors

NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all resource estimates contained in or incorporated by reference in this press release have been prepared in accordance with NI 43-101 and the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resource and Mineral Reserves, adopted by the CIM Council on November 14, 2004 (the “CIM Standards”) as they may be amended from time to time by the CIM.

United States investors are cautioned that the requirements and terminology of NI 43-101 and the CIM Standards differ significantly from the requirements and terminology of the SEC set forth in the SEC’s Industry Guide 7 (“SEC Industry Guide 7”). Accordingly, the Company’s disclosures regarding mineralization may not be comparable to similar information disclosed by companies subject to SEC Industry Guide 7. Without limiting the foregoing, while the terms “mineral resources”, “inferred mineral resources”, “indicated mineral resources” and “measured mineral resources” are recognized and required by NI 43-101 and the CIM Standards, they are not recognized by the SEC and are not permitted to be used in documents filed with the SEC by companies subject to SEC Industry Guide 7. Mineral resources which are not mineral reserves do not have demonstrated economic viability, and US investors are cautioned not to assume that all or any part of a mineral resource will ever be converted into reserves. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher resource category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of a feasibility study or prefeasibility study, except in rare cases. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant “reserves” as in-place tonnage and grade without reference to unit amounts. The term “contained ounces” is not permitted under the rules of SEC Industry Guide 7. In addition, the NI 43-101 and CIM Standards definition of a “reserve” differs from the definition in SEC Industry Guide 7. In SEC Industry Guide 7, a mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the time the mineral reserve determination is made, and a “final” or “bankable” feasibility study is required to report reserves, the three-year historical price is used in any reserve or cash flow analysis of designated reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. The mine economics presented herein and derived from the PEA are preliminary in nature and may not be realized. The PEA is not a feasibility study. U.S. investors are urged to consider closely the disclosure in our latest reports and registration statements filed with the SEC. You can review and obtain copies of these filings at http://www.sec.gov/edgar.shtml. U.S. Investors are cautioned not to assume that any defined resource will ever be converted into SEC Industry Guide 7 compliant reserves.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

The United States Securities and Exchange Commission (“SEC”) limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. Resource estimates contained in this press release are made pursuant to NI 43-101 standards in Canada and do not represent reserves under the standards of the SEC’s Industry Guide 7. Under the currently applicable SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and all necessary permits and government approvals must be filed with the appropriate governmental authority. This press release uses the terms “Measured Resources”, “Indicated Resources”, and “Inferred Resources”. We advise U.S. investors that while these terms are Canadian mining terms as defined in accordance with NI 43-101, such terms are not recognized under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources described in this press release have a great amount of uncertainty as to their economic and legal feasibility. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant “reserves” as in-place tonnage and grade, without reference to unit measures. “Inferred Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that any or all part of an Inferred Resource will ever be upgraded to a higher category.

U.S. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.

Fort Lauderdale, Florida, May 18, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Veritas Farms, Inc. (OTCQB: VFRM), a vertically-integrated agribusiness focused on the production of full spectrum hemp extracts with naturally occurring cannabinoids, is proud to announce a retail distribution partnership test with Limelight Kiosks.

Veritas Farms products will be one of a handful of feature hemp/CBD brands in this new and innovative concept. Limelight’s in-store delivery vehicle will enable consumers to shop for their favorite hemp/CBD products while obtaining valuable product and category information. Retailers will also benefit from a lower risk/turn-key solution as part of this test.

Limelight has agreements with several leading West Coast chains and the initial distribution will place these kiosks in 3 major retailers.

Mike Krouskos, Chief Revenue Officer for Veritas Farms, commented, “Limelight’s innovative system is a tremendous break-through. This test program will provide shoppers a different way of shopping for hemp and CBD products in their favorite stores. Retailers have the opportunity to benefit from the test by merchandising the products in a different way with more control and less risk.”

For additional information regarding Veritas Farms, Inc. and to purchase product online, visit www.theveritasfarms.com.

About Veritas Farms, Inc.

Veritas Farms, Inc. (OTCQB: VFRM) is a vertically integrated agribusiness focused on producing superior quality, whole plant, full spectrum hemp oils and extracts containing naturally occurring cannabinoids.  The Company currently operates a 140-acre farm and production facilities in Pueblo, Colorado, and is registered with the Colorado Department of Agriculture to grow industrial hemp.  The Company markets and sells products under its Veritas Farms™ brand and manufactures private label products for a number of leading distributors and retailers. 

Veritas Farms™ brand full spectrum hemp oil products include vegan capsules, tinctures, formulations for sublingual applications and infused edibles, lotions, salves, and oral syringes in a variety of size formats and flavors.  All Veritas Farms™ brand products are third-party laboratory tested for strength and purity.  The Company files periodic reports with the Securities and Exchange Commission, which can be viewed at www.sec.gov.

For additional information and online product purchase, visit www.theveritasfarms.com.

Veritas Farms, Inc. – Investor Contact

Toll-Free: (888) 549-7888

E-mail: [email protected]

Veritas Farms, Inc. – Social Media

Instagram:  www.instagram.com/veritasfarmsofficial/ 

Facebook: www.facebook.com/VeritasFarmsOfficial/  

LinkedIn: www.linkedin.com/company/veritasfarms/

Twitter: www.twitter.com/theveritasfarms  

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.  All statements, other than statements of historical fact, including those with respect to the Company’s mission statement and growth strategy, are “forward-looking statements.”  Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct.  These forward-looking statements involve many risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated.  Potential risks and uncertainties include, among others, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; and the ability to obtain necessary financing on acceptable terms or at all.  Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission.  The Company assumes no obligation to update any of the information contained or referenced in this press release.

Cambridge, Massachusetts, May 18, 2021 (GLOBE NEWSWIRE) — For moderately disadvantaged students, using a voucher to attend a private school increases college-enrollment rates and four-year degree attainment. But vouchers have no significant effect on college going or degree attainment for the most severely disadvantaged students, Albert Cheng of the University of Arkansas and Paul E. Peterson of Harvard University report in a new article for Education Next.

Education researchers typically use student eligibility for free or reduced-price school lunch as the sole indicator of socioeconomic status, yet the category is broad and fails to measure the considerable differences in economic and cultural resources among lower-income families in the United States.

Read “School Choice and ‘The Truly Disadvantaged’”


 article.

Cheng and Peterson analyze data from a New York City school choice program that awarded vouchers by lottery for the 1997-98 school year. They compare college enrollment and degree attainment between disadvantaged African American and Hispanic American students who were offered a voucher and those who were not. Informed by research on first-generation college students, they distinguish between “moderate” and “severe” disadvantage by family income and based on whether a minority student’s mother has any education beyond high school.

Among the key findings:

• Impact of voucher offer varies by student disadvantage. The offer of a half-tuition voucher to attend private elementary school increases college-enrollment rates by about 15 percent and four-year degree attainment by about 50 percent for minority students with mothers who have some college education or are from moderately low-income households. But a voucher offer has no significant effects for the most disadvantaged minority students, those from the lowest-income households or whose mothers have no post-high-school education.

• Voucher use has positive effects for moderately disadvantaged students. Using a voucher to attend a private elementary school increases college enrollment by up to 30 percent and four-year degree attainment increases by nearly 70 percent. There are no significant benefits for severely disadvantaged students.

“The voucher intervention has sizeable, positive impacts for students who, while still disadvantaged by most definitions, have more cultural and financial resources at home. This resembles conclusions drawn by qualitative research, which suggest that students and families often find it difficult to take advantage of school-choice opportunities unless their cultural and material resources have reached a certain minimum,” Cheng and Peterson write.

About the Authors: Albert Cheng is assistant professor in the Department of Education Reform at the University of Arkansas College of Education and Health Professions. Paul E. Peterson, Henry Lee Shattuck Professor of Government at Harvard University, directs the Program on Education Policy and Governance and is senior editor of Education Next.

About Education Next:
Education Next is a scholarly journal committed to careful examination of evidence relating to school reform, published by the Education Next Institute and the Program on Education Policy and Governance at the Harvard Kennedy School. For more information, please visit educationnext.org.

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Jackie Kerstetter
Education Next
8144402299
[email protected]

LOS ANGELES, May 18, 2021 (GLOBE NEWSWIRE) — Versus Systems Inc. (“Versus” or the “Company”) (Nasdaq: VS) (FRANKFURT: BMVB) announced today that it will be working with Xcite Interactive, a company that Versus recently signed a definitive agreement to acquire, to power the fan experience for a number of the teams playing in the NHL playoffs for the Stanley Cup.

Six of the sixteen NHL playoff teams, including the Colorado Avalanche, Carolina Hurricanes, Vegas Golden Knights, Tampa Bay Lightning, Pittsburgh Penguins, and Nashville Predators are using Versus and Xcite’s predictive platforms, engagement tools, and games throughout the playoffs. Versus and Xcite’s second screen engagement platform will augment fans’ participation during the Stanley Cup showdowns that determine which teams will play for the Cup. The interactive experiences will include a range of games from predictive trivia games, traditional arcade games, social interaction, and games that enable fans to play along while watching the game in-venue or at home.

According to NHL.com, the NHL saw record viewership at its season’s opening this year, when 1.73 million viewers watched the Washington Capitals versus the Pittsburgh Penguins.

“The Stanley Cup playoffs is a huge global event with millions of fans worldwide, and Versus is thrilled to support multiple world-class teams and their fans as the teams skate for the cup,” says Matthew Pierce, CEO of Versus Systems.

The playoff games start this week and continue through May culminating with the Stanley Cup finals to determine the winner of the Stanley Cup in July 2021. Fans can view the playoff schedule at https://www.nhl.com/schedule and can take part in the gaming action at https://versussystems.com/players/.

About Versus Systems

Versus Systems Inc. has developed a proprietary interactive prizing and promotions engine that allows publishers, developers, and creators of streaming media, live events, broadcast TV, games, apps, and other content to offer real world prizes inside their content. Audiences can choose from among the offered prizes and then complete in-game or in-app challenges to win the prizes. The Versus platform can be integrated into streaming media, TV, mobile, console, and PC games, as well as mobile apps.

Versus recently signed a definitive agreement to acquire Xcite Interactive, a world-leader in audience engagement that works with the NFL, NBA, MLB, and NHL.

For more information, please visit www.versussystems.com or visit the official Versus Systems YouTube channel.

Investor contact:

Sean McGowan, Cody Cree
Gateway Investor Relations
949-574-3860
[email protected]
or
[email protected]

Disclaimer for Forward-Looking Information


This news release contains certain forward-looking information and forward-looking statements within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward looking statements. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable law.

GREENWICH, Conn., May 18, 2021 (GLOBE NEWSWIRE) —  
XPO Logistics, Inc. (NYSE: XPO), a leading global provider of transportation and logistics solutions, has deployed an automated solution to manage high-volume reverse logistics for a fashion e-commerce customer in France. The solution integrates multiple technologies, including a state-of-the-art mechanized sortation system, to handle throughput of up to 12 million returned products per year.

Returns management is a fast-growing area of outsourced logistics in the e-commerce and omnichannel sectors. XPO customizes solutions to each customer’s requirements; in this instance, eight automated sorting lines for apparel and one line for shoes are integrated with touchless scanner technology. The computerized scanners use machine vision to read color codes instead of bar codes, accelerating the routing of sorted products on conveyors according to condition: ready for inspection, damaged or return to retail.

To manage cardboard waste, XPO has deployed an industrial baling press to compact used cartons, reducing environmental impacts and increasing the recycling value.

Malcolm Wilson, chief executive officer, XPO Logistics Europe, said, “By automating logistics processes to achieve specific results, our engineering teams make supply chains more efficient and create supportive work environments for our employees. Automation also improves the all-important consumer experience for our e-commerce customers.”

About XPO Logistics

XPO Logistics, Inc. (NYSE: XPO) provides cutting-edge supply chain solutions to the most successful companies in the world. The company is the second largest contract logistics provider and the second largest freight broker globally, and a top three less-than-truckload provider in North America. XPO uses a highly integrated network of 1,621 locations in 30 countries to serve more than 50,000 customers. Approximately 140,000 team members, including 108,000 employees and 32,000 temporary workers, help XPO’s customers manage their supply chains most efficiently. The company’s corporate headquarters are in Greenwich, Conn., USA, and its European headquarters are in Lyon, France. Visit xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram and YouTube. 

Media Contacts

XPO Logistics, Inc.
Joe Checkler
+1-203-423-2098
[email protected]

XPO Logistics Europe
Anne Lafourcade
+33 (0)6 75 22 52 90
[email protected]