CarLotz Plans Second Windy City Opening

Company continues Midwest expansion with Highland Park hub

RICHMOND, Va., April 29, 2021 (GLOBE NEWSWIRE) — CarLotz (NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, announced today it will open its second Chicago-area hub in the coming months. The hub will be located about 20 miles north of downtown Chicago at 250 Skokie Valley Road in Highland Park, Ill. CarLotz also operates a hub in Downers Grove, Ill., just west of Chicago.

“The great people of the Windy City have embraced CarLotz’s consignment model,” said Michael Bor, Cofounder and CEO of CarLotz. “Our Downers Grove hub has successfully served our guests in the greater Chicago area since 2018 and we are so excited to make it even easier for them to get more money for their car and more car for their money,” Bor continued.

CarLotz is on a mission to create the world’s greatest vehicle buying and selling experience for consumers and commercial consigners. This expansion in the Midwest, coupled with its recent California hub announcement, underscores CarLotz’s commitment to that mission. The company operates its full omnichannel offering out of hubs in Virginia, North Carolina, Florida, Illinois, Tennessee, Texas, Washington State and California (opening soon).

CarLotz is currently hiring dozens of open positions including sales coaches, service techs, managers and other roles at the new Highland Park location as well as several other locations around the country. To learn more and apply, visit www.carlotz.com/careers or reach out to [email protected].

For additional information, visit carlotz.com

About CarLotz 
CarLotz is a used vehicle consignment and Retail Remarketing™ business that provides our corporate vehicle sourcing partners and retail sellers of used vehicles with the ability to access the previously unavailable retail sales channel, while simultaneously providing buyers with prices that are, on average, below those of traditional dealerships. Our mission is to create the world’s greatest vehicle buying and selling experience. We operate a technology-enabled buying, sourcing, and selling model that offers a seamless omnichannel experience and comprehensive selection of vehicles, while allowing for a fully contactless end-to-end e-commerce interface that enables no-hassle buying and selling.

Our proprietary Retail Remarketing™ technology provides our corporate vehicle sourcing partners with real-time performance metrics and data analytics, along with custom business intelligence reporting that enables price and vehicle triage optimization between the wholesale and retail channels. Through our marketplace model, we generate significant value for both sellers and buyers through price, selection, and experience. 

CONTACTS:
Media Inquiries
[email protected]   
[email protected]

Analyst Inquiries
[email protected]



Zafin Appoints Dubie Cunningham as Executive Vice President of Strategic Growth to Lead the Company’s Expansion Initiatives

With her deep expertise in digital transformation and financial services technology, Cunningham will ensure Zafin is positioned for rapid growth 

TORONTO, April 29, 2021 (GLOBE NEWSWIRE) — Zafin, the world’s leading SaaS cloud-native product and pricing platform for the next generation of banking, today announces the appointment of Dubie Cunningham as executive vice president of strategic growth. She will harness her more than 25 years of experience in financial services technology and digital transformation to support Zafin’s growth strategy with a focus on organic and inorganic initiatives.

Zafin is a global SaaS leader empowering banks of all sizes to center their customers, grow relationships and drive revenues while ensuring fair outcomes. The trusted fintech provides a cloud-native product and pricing platform, allowing banks to remain agile and efficient through digital transformation and core modernization.

“Zafin’s innovative technology and long-standing, global presence in the industry solidifies its position for rapid growth,” said Cunningham. “In joining Zafin, my focus is to lead the strategy behind the global growth plan and ensure Zafin is providing the innovative and technology-driven experiences bank customers and employees expect.”

Before her appointment as EVP of strategic growth at Zafin, Cunningham was an investment partner at ScaleUp, one of Canada’s leading early-stage venture funds focused on Canadian technology firms. She also served as the head of innovation at Scotiabank, where her team excelled at investing in and partnering with fintechs around the world to drive digital transformation. She has also held roles in financial services technology and corporate development at HP, AT&T and Symcor. 

“I’m confident that Dubie’s experience, combined with her passion for banking innovation will make her a great addition to Zafin’s leadership team,” said Al Karim Somji, co-founder and CEO of Zafin. “Her expertise will allow us to further build upon the strengths of our platform and accelerate our expansion in the marketplace.”

To learn more about Zafin, please visit: https://zafin.com/

About Zafin
Zafin, the global leader in SaaS cloud-native product and pricing solutions, is a trusted partner to the world’s most customer-centric financial institutions. Zafin’s product and pricing platform empowers banks of all sizes to center their customers, grow relationships and drive revenues.

The Zafin platform separates product and pricing from core processing to accelerate progressive modernization, enable digital transformation and deliver personalization at the relationship level.

A typical Zafin installation integrates easily with most back-end systems and customer-facing channels to increase product and pricing efficiency and agility, drive interest and non-interest income, and deliver a positive ROI—often in one year or less.

Media Contact

Daniel Tummeley
Uproar PR for Zafin
[email protected]



Novo Provides Update on Production Ramp-Up at Beatons Creek Gold Project

Not for Distribution to United States Newswire Services or for dissemination in the United States

VANCOUVER, British Columbia, April 29, 2021 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to provide an update of the ramp-up of operations at the Beatons Creek conglomerate gold project in Western Australia (“Beatons Creek”).

Highlights

  • Commissioning and ramp up have progressed safely (no lost time injuries recorded to date) and within expectations amid a favourable gold price environment (Australian gold price currently above A$2,275 per oz)
  • Since commencement of processing operations on February 3, 2021 and pouring of Novo’s first gold bar on February 16, 2021, a total of 7,375 fine oz Au and 1,158 fine oz Ag have been sold to date
  • Processing facility (the “Golden Eagle Mill”) operating at 1.5 Mt per annum throughput, as expected, with demonstrated higher capacity
  • Mining and haulage operations are progressing within expectations
  • In line with broader industry experience, significant delays have been experienced in third party assay turnaround with only around half of all grade control sample results returned to date. Novo geologists have compensated for these delays by successfully visually identifying mineralisation bands to guide selective mining operations
  • Mining and geological processes are continually being refined to optimize mining and processing operations and to minimize mineralization loss and dilution

“Novo is delighted to have assembled a high calibre team in such a short timeframe and in a buoyant commodity market,” commented Rob Humphryson, CEO and a director of Novo. “Considerable progress has been made to date and we continue to generate positive momentum as we ramp up production at Beatons Creek to steady state.”

Details and Outlook

  • Since pouring first gold on February 16, 2021, 29 further gold bars have been poured for a total of 7,375 fine troy oz Au, with gold production steadily increasing in line with the Company’s ramp-up schedule.
  • Throughput at the Golden Eagle Mill has been steadily increasing to an annualized production rate of approximately 1.5 Mt per annum as mill operating parameters are optimized. Novo plans to further increase throughput at the Golden Eagle Mill, noting that the Golden Eagle Mill has been test run successfully at instantaneous rates up to 2Mt per annum (Figure 1).

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d432560-124f-44d0-b456-402306f94d28

  • Recoveries at the Golden Eagle Mill have varied between 87-98% since start-up. As steady state throughput is expected to be reached over the coming months, recoveries are expected to stabilize in the mid 90% range. The proportion of gold recovered by the gravity circuit is typically above 50%, in line with metallurgical test work for Beatons Creek.
  • Scheduling requirements associated with grade control trial areas and the establishment of waste landform locations necessitated commencement of mining in a lower grade area in the distal NW portion of Beatons Creek, with grade scheduled to increase as new areas of the resource are exposed.
  • Head grade at the Golden Eagle Mill has ranged from 0.6-3.5 gpt Au since start up, indicative of the nuggety nature of the Beatons Creek mineralization.
  • Since start-up, drill and blast techniques have been introduced to allow for effective loading and selective mining. Mining techniques will continue to be refined and adapted in response to the geometry and hardness of the mineralized horizons, to increase productivity and optimize operating costs (Figure 2 and Figure 3).

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c1fbea12-b8e4-4883-adde-bf6a53a607e8

Figure 3 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e5b1a600-21b5-48f7-9ef1-dc372662a978

  • Grade control and resource upgrade reverse circulation drilling at 20 x 20m spacing continues throughout the entire deposit. The initial focus is on mine scheduling priorities, and also to achieve a higher level of confidence in the resource at Beatons Creek. Infill grade control at 10 x 10m spacing will be undertaken in more geologically complex areas where more detail is required.
  • Whilst the PhotonAssay technique has proved ideally suited for the Beatons Creek grade control regime, significant delays have been experienced in third party assay turnaround with only around half of all grade control sample results returned to date. Novo geologists have compensated for these delays by continuing to develop visual techniques to guide selective mining operations. An example of the result of detailed bench and face mapping work being undertaken by the Novo team is evident in Figure 4, which illustrates mark-up of four conglomerate beds in preparation for mining.


Figure 4
 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5d79a3c-79d7-42b6-bdd5-f8c6cd8cb87e 

  • Novo is pleased to note that Chrysos Corporation will soon be deploying additional PhotonAssay units into Western Australia, increasing the number of available machines (currently three units) to five units before the end of June. Novo expects to leverage this increased capacity to significantly improve assay turnaround times. Novo has utilized PhotonAssay technology extensively throughout its Pilbara projects.
  • Novo is currently establishing an internal sample preparation facility on site at the Golden Eagle Mill, producing samples for distribution to the increased capacity of photon assay facilities.

“Our team has rapidly developed visual grade control protocols to guide mining in the absence of full grade control assay results,” commented Quinton Hennigh, Chairman and President of Novo. “We are aggressively tackling the need to speed up assay returns by establishing our own sample preparation facility at site and leveraging the planned ramp up of photon assay capability in Western Australia by Chrysos Corporation. This will be critical as Novo moves to complete a 20 x 20 grade control and resource upgrade drill campaign across Beatons Creek over the coming months. Meanwhile, protocols for mining this unique type of mineralization are rapidly being refined to maximize mining rates and minimize dilution. We see ability to eventually operate the Golden Eagle Mill at a run rate of 1.9-2.0 Mt per annum, well above the anticipated run rate of 1.6 Mt per annum. The team is diligently working towards steady state operations over the coming months.”

Financing Update

On April 14, 2021, the Company announced a C$22 million brokered private placement (the “Financing”), the net proceeds of which will be used, generally, to fund new exploration efforts in the Pilbara region of Western Australia, continue ramping up operations at Beatons Creek, the planned infill drilling campaign and the increased photon assay capacity in Western Australia, and for general corporate working capital purposes. The Company also plans to initiate expansive exploration programs in the East Pilbara region, particularly in the Nullagine area, to continue expanding Beatons Creek’s footprint and identify targets with potential to become near-to-medium term mill feed. The Company also plans to deploy the Steinert KSS 100F LIXT fine mechanical sorting unit to the Pilbara in Q2 2021.

Cautionary Statement

The decision by the Company to produce at Beatons Creek was not based on a feasibility study of mineral reserves demonstrating economic and technical viability and, as a result, there is an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that that anticipated production costs will be achieved. Failure to achieve the anticipated production costs would have a material adverse impact on the Company’s cash flow and future profitability.

Dr. Quinton Hennigh (P.Geo.) is the qualified person pursuant to NI 43-101 responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is President, Chairman, and a director of Novo.

About Novo Resources Corp.

Novo is commissioning its flagship Beatons Creek gold project while exploring and developing its highly prospective land package covering approximately 14,000 square kilometres in the Pilbara region of Western Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail [email protected]

On Behalf of the Board of Directors,

Novo Resources Corp.

Quinton Hennigh

Quinton Hennigh
President and Chairman

Forward-looking information

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation). These include statements (the “forward-looking statements”) regarding Novo’s intent, or the beliefs or current expectations of Novo’s management. When used in this news release, words such as “will”, “would”, “expect”, “target”, “potential”, “objective”, “subject to”, “expected to” and similar words or expressions identify these forward-looking statements as well as phrases or statements that certain actions, events or results “may”, “could”, “would”, “should”, “occur” or “be achieved” or the negative connotation of such terms. Forward-looking statements in this news release include, without limitation, the ability to run the Golden Eagle Mill at up to 2.0 Mt per annum, the expected stabilization in the coming weeks of recovery rates around the mid 90% range, the ability to expedite sample preparation and laboratory throughput for its grade control drilling samples based on an increase in photon assay unit availability in Western Australia, the ability to achieve a higher level of confidence in the resource at Beatons Creek by utilizing 20 x 20 m grade control drilling, and the expected completion of the Financing and planned use of net proceeds of the Financing. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, without limitation, receipt of Toronto Stock Exchange approval to the Financing, the risk factors identified in Novo’s annual information form for the 11-month financial year ended December 31, 2020 and Novo’s management’s discussion and analysis for the same period, both of which are available on SEDAR at www.sedar.com. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.

The securities described in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act“), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the 1933 Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 



WiMi Hologram Reports 140.0% Year-over-Year Revenue Growth to US$ 117.4 million in 2020

PR Newswire

BEIJING, April 29, 2021 /PRNewswire/ — WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading Hologram Augmented Reality (“AR”) Technology provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the Securities and Exchange Commission (the “SEC”).

The Company reported that its revenues increased by approximately RMB 446.8 million, or 140.0 %, from approximately RMB 319.2 million for the year ended December 31, 2019 to approximately RMB 766.0 million (US$ 117.4 million) for the year ended December 31, 2020.The Company reported non-GAAP net income, which is defined as net income (loss) before the impact of stock compensation expenses, of RMB 40.3 million (US$ 6.2 million) for the year ended December 31, 2020. Research and development expenses increased by approximately RMB 66.6 million, or 362.8%, from approximately RMB 18.4 million for the year ended December 31, 2019 to approximately RMB 85.0 million (US$ 13.0 million) for the year ended December 31, 2020. The increase was primarily attributable to the increase in salary, as the Company hired more IT engineers to work on research and development of advanced AR holographic and related projects. In addition, the Company also focused on the research and development of the application of holographic AR technologies in the area of semiconductor, cloud computing, artificial intelligence, big data 5G and other areas, which the Company incurred in outsourced technical development services to focus on developing its technological capabilities in order to maintain its competitive advantages in the AR holographic industry.

Since its inception in 2015, the Company has offered AR-based holographic services and products to cater to customers’ needs, focusing on providing an innovative, immersive and interactive holographic AR experience to customers and end users. Since July 2020, the Company has developed its semiconductor business and provided computer chip products and comprehensive solutions for central processing algorithms and related services with software and hardware integration to its enterprise customers. In 2020, the Company generated approximately 44% and 56.0% of its revenues from holographic AR business and semiconductor business, respectively.

Mr. Shi Shuo, the chief executive and operations officer of WiMi, commented, “In 2020, we made three major leaps forward. First, after our successful initial public offering in April 2020, we overcame the impact of COVID-19 in the first half of the year and achieved a robust growth in our revenues in the second half of 2020. As a result, our total revenues in 2020 grew by 140% year-over- year to RMB766.0 million (US$117.4 million). In particular, after we received investment from well-known investment institutions in both the US and Asia, including a company affiliated with Weibo Corporation (NASDAQ: WB),we actively expanded our holographic AR business scope and made meaningful progress in the semiconductor industry.”

“Secondly, we have increased our investment in the research and development of holographic AR technology applications, mainly in the specialized fields of automobile AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic devices, holographic semiconductors, holographic cloud software, holographic automobile navigation, and others. These fields cover multiple segments of holographic AR technologies from holographic automobile AR technology, 3D holographic pulse LiDAR technology, holographic visual semiconductor technology, holographic software development, holographic AR Advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and many other aspects of holographic AR technology. Our research and development expenses in 2020 increased significantly, by 362.8% year -over -year to RMB85.0 million, as we worked to enhance our competitiveness and maintain our technology leadership position in the holographic AR industry.”

“Thirdly, we have established a huge technology research and development ecosystem in the holographic AR industry through investment and mergers and acquisitions. According to Frost & Sullivan’s industry report, the market size of the global holographic AR market will grow rapidly. From 2020 to 2025, the annual growth rate of the market size of AR software & content and AR hardware is expected to be 68.7% and 67.9%, respectively. As a listed company in the holographic AR industry, we have a high global vision. In 2020, through investment in and acquisition of many R&D companies in the holographic AR industry, we have formed a powerful holographic AR technology research and development ecosystem, and are in the process of building a holographic AR industry value chain with great potential for expansion.”

The information disclosed in this press release does not purport to be complete and is qualified in its entirety by reference to the Company’s annual report on Form 20-F. The annual report, which contains the Company’s audited consolidate statements, can be accessed on the SEC’s website at http://www.sec.gov and on the Company’s investor relations website at http://ir.wimiar.com/.

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud, Inc.(NASDAQ: WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. For more information, please visit http://ir.wimiar.com.

Safe Harbor / Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as”will,””expects,””anticipates,””future,””intends,””plans,””believes,””estimates” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release, as well as the Company’s strategic and operational plans, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.

Contacts

WIMI Hologram Cloud Inc.
Email: [email protected]

ICR, LLC
Jack Wang
Tel: +1 (646) 975-9495
Email: [email protected]

Cision View original content:http://www.prnewswire.com/news-releases/wimi-hologram-reports-140-0-year-over-year-revenue-growth-to-us-117-4-million-in-2020–301280207.html

SOURCE WiMi Hologram Cloud Inc.

Clean Energy Technologies, Inc. Enters MOU for $15M Biomass Renewable Energy Project

PR Newswire

COSTA MESA, Calif., April 29, 2021 /PRNewswire/ — Clean Energy Technologies, Inc. (OTCQB: CETY), announced today that it has entered into a Memorandum of Understanding (MOU) with Ashfield Ag Resources to co-develop its initial biomass renewable energy processing facility using the revolutionary high temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor). Located in Massachusetts, this project will convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. The parties agreed in principle to the critical components which are expected to annually deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar by Q1 2022.

The MOU, which is subject to the execution of definitive agreements, provides the CETY project with rights to feedstock, site control, approved grid interconnection and Power Purchase Agreement revenues. CETY management forecasts up to a 35% NPV (over 10yr horizon) on the $15,000,000 project and internal rates of return of up to 12%. With a longer time horizon, the NPV/IRR are even bigger showing the substantial value CETY will lock in for future years.

CETY’s existing ORC business will also capitalize on each Biomass project with the opportunity to deliver Heat Recovery Solutions. Such synergies increase energy value by 12% to 14% for the Biomass project. CETY’s portfolio of Biomass projects will thus also drive top line and bottom line growth elsewhere in the company creating long term predictable income streams with high IRR cash flows.

More importantly, it provides a footprint for future projects utilizing HTAP Biomass Reactor technology in the rapidly growing biomass renewable energy sector. The HTAP Biomass Reactor is a unique and proprietary process that transforms organic waste by using ultra-high temperatures and produces renewable electrical power, BioChar fertilizer and high heating value fuel gas in addition to other commercially valuable chemicals.

CETY management believes it can secure additional biomass resources to deliver additional projects ten times larger in the future. The biomass renewable energy project will be operated from within a newly formed company and is expected to be funded through a special purpose vehicle with equity and debt secured by the project’s revenues.

Kam Mahdi, CEO of CETY, stated “This project is the first of four anticipated renewable biomass projects, and is expected to serve as a model for developing new projects to capture market share in this highly profitable and growing industry. By vertically integrating the biomass projects into our business, we are also able to grow our heat recovery business horizontally. We hope that our future projects will be large by orders of magnitude and have a profound impact on the environment while bringing us new sources of income.  Our new renewable energy biomass projects are expected to further expand our goal of becoming a complete solution for industrial and municipal scale projects in the strategic markets we are targeting.

By offering additional renewable energy solutions with near-zero emissions, zero solid waste residue, and better waste sourcing capabilities, we firmly believe that renewable energy biomass projects will establish our reputation as a viable and attractive renewable biomass energy solution while generating a new stream of revenues and profits for our company”.

About Clean Energy Technologies, Inc. (CETY)
Headquartered in Costa Mesa, California, Clean Energy Technologies (CETY) a low carbon energy company delivers power from heat and biomass with zero emission and low cost. CETY designs, produces, and markets clean energy products & solutions focused on energy efficiency and renewable energy. The Company’s principal product is the Clean Cycle™ magnetic bearing heat recovery generator, offered by CETY’s subsidiary Clean Energy HRS, or Heat Recovery Solutions.

The Clean Cycle™ system captures waste heat from a variety of sources and turns it into electricity that can be used or sold back to the grid. CETY’s proven, reliable technology allows municipal, commercial, and industrial users with heat sources, such as from biomass, industrial processes, or energy production, to boost their overall energy efficiency with no additional fuel, no pollutants, and little ongoing maintenance. CETY’s common stock is currently traded on the OTC Market under the symbol CETY.

For more information, visit www.cetyinc.com or www.heatrecoverysolutions.com.

DISCLAIMER
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

Contact:
Clean Energy Technologies, Inc.
Kam Mahdi, CEO
949-273-4990 x814
[email protected]

Clean Energy Technologies, Inc.
2990 Redhill Avenue
Costa Mesa, CA 92626
949.273.4990 main
949.273.4990 fax
www.cetyinc.com

Cision View original content:http://www.prnewswire.com/news-releases/clean-energy-technologies-inc-enters-mou-for-15m-biomass-renewable-energy-project-301280195.html

SOURCE Clean Energy Technologies, Inc.

SS&C Updates Increased Offer on Acquisition of Mainstream Group

PR Newswire

WINDSOR, Conn., April 29, 2021 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that it has amended the Scheme Implementation Deed with Mainstream Group Holdings Limited (ASX: MAI, “Mainstream”) to provide for an acquisition by SS&C of 100% of the shares and outstanding equity rights in Mainstream for A$2.35 per security pursuant to a scheme of arrangement. In the absence of a superior proposal, and subject to the independent expert concluding that the revised scheme is in the best interests of Mainstream shareholders, being customary carve-outs, the board of directors of Mainstream intends to support the revised scheme of arrangement on that basis.

SS&C has agreed to increase the consideration payable under the scheme after receipt by Mainstream of a non-binding indicative cash offer of $2.35 per security from a third party. As a consequence of such increase and related amendments, Mainstream has terminated any discussions with such third party.

Mainstream is a provider of investment administration, middle office, fund accounting, superannuation administration, share registry and unit registry (transfer agency) services to leading fund managers and superannuation funds, family offices and dealer groups. The company serves clients globally through its offices in Australia, Hong Kong, Singapore, Ireland, Malta, Isle of Man, the Cayman Islands and the U.S.

Terms of the proposed acquisition imply an enterprise value for Mainstream of approximately A$346 million or approximately US$270 million (including transaction costs and net debt). The purchase will be subject to customary conditions, including approval by Mainstream shareholders, the relevant Australian court and certain regulatory approvals, and is expected to close in the third quarter of 2021.

Mainstream is being advised by Miles Advisory Partners as financial adviser and Maddocks as legal adviser.

SS&C is being advised by Citi as financial adviser and Gilbert + Tobin as legal adviser.

About Mainstream Group Holdings
Mainstream Group Holdings Limited (ASX: MAI) provides fund and superannuation administration services underpinned by investment in people, processes and technology. As at March 2021, Mainstream provides administration services to 1,364 funds and more than 176,000 investors with funds under administration of AUD $272 billion. Mainstream employs 330 people, with operations in Australia, Singapore, Hong Kong, the United States, the Isle of Man, Malta, Ireland and the Cayman Islands. For more information, please visit: https://www.mainstreamgroup.com.

About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, LinkedIn and Facebook.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/ssc-updates-increased-offer-on-acquisition-of-mainstream-group-301280273.html

SOURCE SS&C

Megawatt Plans Seasonal Field Work at Tyr Including Phase 1 Drilling

PR Newswire

VANCOUVER, BC, April 29, 2021 /PRNewswire/ – Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC PINK: WALRF) (the “Company” or “Megawatt“) is pleased to announce that it has approved a seasonal exploration program for its Tyr Silver Project in New South Wales, Australia. The tenement covers 100 units over an area of 299km2 and was granted effective on the 29th of March 2018 for a period of five (5) years as a prospective tenure with a large number of known mineral occurrences and historical mining for commodities; silver, tin, arsenic, lead, zinc and tungsten.

The Program will consist of the following components:

  1. continuation of data review and database construction
  2. continued geochemistry, rock chip sampling and mapping
  3. ground based geophysical magnetometer survey
  4. drilling of high priority targets.

The planning and execution of drill target generation and identification and subsequent exploration drilling program should be completed, with drillholes sampled and analyzed to appropriate depths as to adequately understand the geology, geochemistry and stratigraphy of the area. The exploration area contains a significant amount of silver occurrences which strikes north-west containing major occurrences such as the Ecuador deposit consisting of 4710ppm silver and Torny Mine consisting of 1420ppm silver from historic exploration records.

David Thornley-Hall, CEO of Megawatt, comments: “We look forward to reviewing the results of our field program at Tyr. The data modelling will bring us one step closer to a more broad understanding of this prospective project.”

Qualified Person

Mr. Geoffrey Reed (MAusMM (CP)) (MAIG), Consultant for the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and has reviewed the scientific and technical information in this press release.

About MegaWatt Lithium and Battery Metals Corp.

MegaWatt is a British Columbia based company involved in the acquisition and exploration of mineral properties in Canada. The Company holds a 100% undivided interest, subject to a 1.5% NSR on all base, rare earth elements and precious metals, in the Cobalt Hill Property, consisting of eight mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of British Columbia, Canada.

Additionally, the Company has acquired a 60% interest in a company that indirectly holds a 100% interest (subject to a 2% NSR) in two prospective silver-zinc projects in Australia, being the Tyr Silver Project and the Century South Silver-Zinc Project (see press release dated August 13, 2020), an indirect 100% interest (subject to a 1% NSR) ina dn to certain mining tenements in Northern Territory and New South Wales, Australia prospective for nickel-cobalt-scandium and rare earths and a 100% interest (subject to a 2% NSR) in and to the Route 381 Lithium Property, comprised of 40 mineral claims located in James Bay Territory, north of Matagami in the Province of Quebec, covering 2,126 hectares (see press release dated February 3, 2021).

Investors can learn more about the Company and team at https://megawattmetals.com.

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

This press release includes “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the trading of the Company’s common shares on the Exchange and the Company’s use of proceeds and are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward- looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/megawatt-plans-seasonal-field-work-at-tyr-including-phase-1-drilling-301280275.html

SOURCE MegaWatt Lithium and Battery Metals Corp.

BetMGM Launches BetMGM Poker and Borgata Poker in Pennsylvania

Two New Poker Offerings added to BetMGM’s Growing Online Poker Platform

PR Newswire

JERSEY CITY, N.J., April 29, 2021 /PRNewswire/ — BetMGM today announced the launch of BetMGM Poker and Borgata Poker in Pennsylvania, giving customers access to benefits tied to Borgata Hotel, Casino & Spa in Atlantic City as well as other MGM Resorts’ casino-resorts nationwide. Pennsylvania is the third state to introduce BetMGM Poker and the second to introduce Borgata Poker, both powered by partypoker US Network.

“Pennsylvanians can now experience our superior poker offering through both BetMGM Poker and Borgata Poker,” said Adam Greenblatt, Chief Executive Officer, BetMGM. “We’re eager to expand our platform to a larger online audience, and give players in the Keystone State safe, accessible and entertaining poker options.”

As a trusted, recognizable name in online poker, partypoker US Network brings the BetMGM Poker and Borgata Poker brands together. The Network features an ever-rotating number of poker variants, signature poker tournaments, and cash games of all buy-in levels – in addition to player favorites like Fast Forward, Spin the Wheel, and Grind Rewards.

Ray Stefanelli, Director of Poker, BetMGM, said, “Pennsylvania customers will find that BetMGM Poker and Borgata Poker provide engaging experiences for both new and seasoned players. The partypoker US Network supports the online poker community, providing access to training initiatives designed to help all participants strengthen their play.”

To celebrate the arrival of BetMGM Poker and Borgata Poker to the state, new players in Pennsylvania are eligible for a $25 bonus and a 100% deposit match bonus, up to $600. All new players are eligible for one Opening Week Freeroll event (May 9th to 16th) and existing BetMGM and Borgata Casino players who sign up for the poker offering with receive an invitation to the $40,000 Crossover Invitational Freeroll event (May 16th).

Integration with MGM Resorts’ M life Rewards program gives players in Pennsylvania the opportunity to redeem their gameplay for world-class experiences at MGM Resorts properties, including Borgata, as well as MGM Grand, Bellagio and ARIA in Las Vegas, MGM Grand Detroit, MGM National Harbor in Maryland, and Beau Rivage in Mississippi. BetMGM Poker features single-wallet integration with the BetMGM sports betting and casino offerings in Pennsylvania – while Borgata Poker features single-wallet integration with Borgata Casino in Pennsylvania.

The BetMGM Poker Pennsylvania (iOS; Android) apps are available for download on the Apple App Store and Google Play Store. The Borgata Poker Pennsylvania (iOS; Android) apps will soon also be available. Both offerings are currently accessible via desktop at https://poker.pa.betmgm.com and https://poker.pa.borgataonline.com. As BetMGM continues to expand its platforms to new states, responsible gaming education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly.


About BetMGM

BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM’s U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain’s US-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit https://www.betmgminc.com/.

Statements in this release that are not historical facts are “forward-looking” statements and “safe harbor statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including those described in MGM Resorts’ public filings with the SEC. Forward-looking statements are based on management’s current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements regarding the future results of BetMGM. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include effects of economic conditions and market conditions in the markets in which MGM Resorts operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts’ Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, MGM Resorts is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGM Resorts updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/betmgm-launches-betmgm-poker-and-borgata-poker-in-pennsylvania-301280191.html

SOURCE BetMGM

POSCO Files its Annual Report on Form 20-F

PR Newswire

SEOUL, South Korea, April 29, 2021 /PRNewswire/ — On April 29, 2021, POSCO (NYSE: PKX) filed its Annual Report on Form 20-F for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission. The 2020 Annual Report on Form 20-F can be downloaded from www.posco.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Investors may request a hard copy of the 2020 Annual Report on Form 20-F, free of charge, by contacting [email protected].

Cision View original content:http://www.prnewswire.com/news-releases/posco-files-its-annual-report-on-form-20-f-301280189.html

SOURCE POSCO

Canadian DB plans post modest losses: RBC Investor & Treasury Services

Canada NewsWire


Negative fixed income returns offset solid equity gains

TORONTO, April 29, 2021 /CNW/ – Amidst an improved economic outlook – partially attributable to early phase vaccine rollouts and ongoing government support – Canadian DB pension plans posted a -0.2% median return in Q1 2021, according to the RBC Investor & Treasury Services All Plan Universe. The loss came on the heels of a Q4 2020 return of 5.4% and an annual 2020 return of 9.2%.

As projections pointed to higher expected growth, investors readied themselves for mounting inflationary pressure, causing bond yields to move up sharply and fixed income securities to lose ground. Fixed income assets held by pension plans posted a median return of -7.1% in Q1 2021, compared to 1.1% in Q4 2020. The FTSE TMX Universe Canadian Bond Index returned -5.0%, with interest-rate-sensitive longer-dated bonds (FTSE TMX Long Term index -10.7%) underperforming their shorter-dated bond counterparts (FTSE Short Term index -0.6%).

Global equity markets continued to rally and hit new highs during this time period. For the second consecutive quarter, value stocks – pro-cyclical in nature – outperformed growth stocks (MSCI World Value 8.1% versus MSCI World Growth -1.1%). Sectors that were hit hard by the pandemic continued to recover on account of reopening optimism.

Canadian DB plans’ foreign equities returned a modest 3.7% in Q1 2021, as a strengthening loonie trimmed some of the local currency returns for unhedged plans. In comparison, the MSCI World index returned 3.5% over the quarter.

Canadian equities benefitted from their significant exposure to cyclical sectors and delivered solid gains in Q1, posting 8.6%. The TSX Composite index posted an 8.1% gain, led by the energy (+20.3%) and financials (+13.9%) sectors.

“We have seen the markets price in a very optimistic economic scenario based on forecasts of strong GDP growth, the gradual ramping up of the vaccine supply and fiscal and monetary stimulus,” said David Linds, Managing Director and Head of Asset Servicing, Canada, RBC Investor & Treasury Services. “However, plan sponsors should continue to be on guard for risk factors such as the emergence of potent Covid-19 variants and supply constraints in a highly competitive global vaccine market.”

Historic performance

Period

Median return (%)

Period

Median return (%)

Q1 2021

-0.2

Q4 2018

-3.5

Q4 2020

5.4

Q3 2018

0.1

Q3 2020

3.0

Q2 2018

2.2

Q2 2020

9.6

Q1 2018

0.2

Q1 2020

-7.1

Q4 2017

4.4

Q4 2019

2.0

Q3 2017

0.4

Q3 2019

1.7

Q2 2017

1.4

Q2 2019

2.7

Q1 2017

2.9

Q1 2019

7.2

Q4 2016

0.5

About the RBC Investor & Treasury Services All Plan Universe

RBC Investor & Treasury Services has managed one of the industry’s largest and most comprehensive universes of Canadian pension plans for more than 30 years. The All Plan Universe, a widely-recognized performance benchmark indicator, tracks the performance and asset allocation of a cross-section of assets across Canadian defined benefit pension plans. The All Plan Universe is produced by RBC Investor & Treasury Services’ Risk & Investment Analytics service, which delivers independent and cost effective solutions that help institutional investors monitor investment decisions, optimize performance, reduce costs, mitigate risk and enhance governance.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

About RBC Investor & Treasury Services

RBC Investor & Treasury Services (RBC I&TS) is a financially strong partner that provides asset and payment services to corporate investors and financial institutions globally. Trusted with CAD 4.6 trillion in assets under administration, clients are at the heart of our service offering. With offices in 16 countries, our focus is on safeguarding client assets as we leverage data and technology solutions to deliver meaningful insights, simplify our clients’ operations and support their growth.

SOURCE RBC Investor & Treasury Services