Market Newsdesk

Empowers Businesses to Stay Focused on Growth

TAMPA BAY, Fla., March 16, 2021 (GLOBE NEWSWIRE) — Abacode, the fastest growing provider of cloud-based security and compliance services, today announced a unified solution designed to help businesses predict and prevent modern, sophisticated cyber threats – while also ensuring compliance with growing regulatory mandates.

According to Cybersecurity Ventures, more than 50 percent of all cyber-attacks target small to medium-sized enterprises, and 60 percent of those businesses will fold within six months. Abacode’s new Managed Cybersecurity and Compliance Services (MCCP) Core provides organizations with a full range of protection, remediation, and compliance capabilities to keep them secure, compliant, and focused on growth.

Many business owners believe that paying for security tools will suffice to deflect cyberattacks in this age of technological awareness. Yet, according to a recent report, despite organizations deploying several security products, 53% of attacks remained undetected. 

Abacode’s MCCP Core provides critical cybersecurity and compliance capabilities – delivered as a single managed service – reducing the complexity and strain on resources. Abacode’s deep expertise in complex regulatory environments ensures clients have both cybersecurity and compliance requirements up to date at all times. Clients have realized immediate benefits, including improvements in threat detection and protection, a new-found control over regulatory compliance, and the reduction of complexity and cost of multiple suppliers. 

“Businesses come to us because they’re tired of constantly reacting to security threats and playing catch-up with compliance regulations,” said Michael Ferris, CEO of Abacode. “With MCCP Core, we provide the support, expertise, and protection companies need, with the simplicity of a single managed service. We do what we’re best at, so our clients can shift their focus back to the business – with confidence that they’re protected and compliant.”

As the leading Managed Cybersecurity and Compliance Services Provider (MCCP), Abacode delivers complete cybersecurity and compliance solution in one managed, scalable service for better protection and visibility, simplifying these foundational business requirements for SMBs and MSPs. Abacode’s MCCP Core includes:

Managed Threat Detection – 91% of cyberattacks don’t trigger security alerts. Abacode combines leading Security Information & Event Management (SIEM) and AI Threat Detection software with its Security Operations Center (SOC), with eyes on glass 24/7 for real-time visibility across your entire threat landscape.

Assessment and Advisory – Delivers an accurate vulnerability assessment: Gap identification, a report card on business impacts, and remediation strategies.

Digital Forensics and Incident Response – Provides threat intelligence enriched with deep cybersecurity expertise to manage the preparation, threat response, and mitigation when an attack occurs. 

Managed Compliance – A recent study shows that it costs an organization twice as much to not conform with compliance mandates versus making the initial investment. Abacode ensures that organizations abide by regulation requirements and certification bodies (CB) to prepare audits against security standards such as CMMC, HIPAA, FedRAMP, NIST, and SOC 2.

“Abacode has evolved beyond traditional managed security services by unifying protection, remediation, and compliance – something we continuously saw as a gap with our competitors,” said Ferris. “The impact of cyber-attacks and non-compliance can be life or death for SMBs today. Our mission is to help businesses not just stay safe and compliant, but to thrive as industry leaders.”

Unifying cybersecurity and compliance, driven and reported out of Abacode’s dual redundant 24×7 Compliance Security Operations Center (C-SOC), translates to threat and compliance management in near real-time. Clients see an immediate improvement in their ability to detect more cyber threats, respond more swiftly, and avoid the costly impact of undetected attacks.

Abacode’s end-to-end security and compliance solutions ensure organizations abide by regulation requirements and certification bodies (CB) to prepare audits against security standards such as HIPAA, FedRAMP, NIST, and SOC 2. Abacode manages the entire process and acts as their customers’ security department during the assessment, audit, examination, or certification processes.

About Abacode

Abacode is a next-generation Managed Cybersecurity & Compliance Provider (MCCP). Leveraging a unified platform, they help businesses of all sizes implement a holistic, framework-based cybersecurity program. Their unique service model enables their customers to transform cybersecurity challenges into their competitive advantage. 

Abacode works in collaboration with third-party audit, attestation, and certification bodies. They complete the gaps needed to meet a compliance standard and manage an entire program’s implementation and ongoing management. Abacode’s unified services platform is designed to stay ahead of constant compliance changes and updates, along with continuous cybersecurity monitoring and control.

Learn more at: www.abacode.com

SURREY, British Columbia, March 16, 2021 (GLOBE NEWSWIRE) — On behalf of Fraser Valley’s 3,840 REALTORS®, the Fraser Valley Real Estate Board (FVREB) has donated a total of $25,000 to six food banks in its region.

Chris Shields, President of the Board, said, “This past year has been such a struggle for everyone, but imagine if in addition to worrying about the pandemic, you lost your job and couldn’t make ends meet? Our local food banks have worked tirelessly – under really challenging circumstances – to ensure their clients could still, safely receive food for their families. It’s truly an honour to help.”

This is the ninth year Fraser Valley Realtors have donated to local food banks. In that time, a total amount of $232,500 has been distributed throughout the region.

As in previous years, the donation is divided proportionately based on the number of Realtors represented in each community. $14,450 will go to the Surrey Food Bank; $5,400 to the Langley Food Bank; $1,200 to Sources – White Rock / South Surrey Food Bank; $650 to the North Delta Chapter of the Surrey Food Bank; $2,750 to the Abbotsford Food Bank; and $550 to St. Joseph’s Food Bank in Mission.

Meghan Kellington and Nick Johnson work on behalf of Abbotsford’s Archway Community Services Food Bank. They took time out of their busy schedule to offer Chris Shields a safely-distanced tour to show how their team adapted to the pandemic.

Johnson pointed, “As you can see, instead of clients coming in to select their fresh, frozen and boxed foods, we have volunteers safely putting the shopping bags together for our clients to pick up.” Kellington described how their school program – helping 300 children per week – also had to adapt, plus they have increased the number of hampers delivered to seniors’ homes to 150 per month.

The Board of Directors, together with CEO, Baldev Gill, oversee FVREB’s annual budget and strive to give back to Fraser Valley communities whenever possible. Gill observed, “Housing and food go hand in hand. Shelter is a basic right, and we all have a duty do to what we can to help our neighbours.”

Archway Community Services assists approximately 3,000 people per month, which can increase to as many as 4,500 during high stress or peak times. Across BC, food banks support over 80,000 people every month; please consider supporting the food bank organization in your community. For more information about all FVREB community giving initiatives, go to www.fvreb.bc.ca.

The Fraser Valley Real Estate Board is an association of 3,840 real estate professionals who live and work in the BC communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission. The FVREB marks its 100-year anniversary this year.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/53f4548d-332d-441d-9371-89c0df621b92

CITY OF INDUSTRY, Calif., March 16, 2021 (GLOBE NEWSWIRE) — HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States, reported fourth quarter and full year pro forma financial results for the year ended December 31, 2020.

The pro forma results reflect the combined results of HF Foods and B&R Global Holdings (“B&R”) as if their November 4, 2019 merger had occurred on the first day of the prior period presented.

Fourth Quarter 2020 Financial Summary (which includes the B&R transaction in Q4 2020 but not Q4 2019)

• Net revenue decreased to $146.5 million, compared to $162.9 million in 2019.
• Gross profit was $25.5 million, or 17.4% of total revenue, compared to $25.8 million, or 15.8% of total revenue in 2019.
• Net income attributable to the Company was $1.6 million, or $0.03 per diluted share, compared to $1.3 million, or $0.06 per diluted share in 2019.
• Adjusted EBITDA decreased to $6.0 million, compared to $7.0 million in 2019.

Pro Forma Fourth Quarter 2020 Financial Summary

• On a pro forma basis, net revenue decreased to $146.5 million from $206.0 million in 2019.
• On a pro forma basis, gross profit was $25.5 million, or 17.4% of total revenue in 2020, compared to $32.6 million, or 15.8% of total revenue in 2019.
• On a pro forma basis, net income attributable to the Company was $1.6 million, or $0.03 per diluted share, compared to $0.1 million, or $0.00 per diluted share in 2019.
• On a pro forma basis, adjusted EBITDA was $6.0 million compared to $6.6 million in 2019.

2020 Financial Summary (which includes the B&R transaction in 2020 but not 2019)

• Net revenue increased 46% to $566.8 million, compared to $388.2 million in 2019.
• Gross profit was $100.3 million, or 17.7% of total revenue, compared to $63.2 million, or 16.3% of total revenue in 2019.
• Net loss attributable to the Company was $343.0 million, or $(6.58) per diluted share, including a one-time goodwill impairment charge of $338.2 million in the first quarter of 2020. This compares to $5.4 million, or $0.22 per diluted share, in 2019.
• Adjusted EBITDA increased 17% to $19.7 million, compared to $16.9 million in 2019.
• As of December 31, 2020, cash and cash equivalents totaled $9.6 million compared to $14.5 million at December 31, 2019.

Pro Forma Financial Summary – 2020 vs 2019

• On a pro forma basis, net revenue decreased to $566.8 million from $828.0 million.
• On a pro forma basis, gross profit was $100.3 million, or 17.7% of total revenue, compared to $133.2 million, or 16.1% of total revenue in 2019.
• On a pro forma basis, net loss was $343.0 million, or $(6.58) per diluted share, compared to net income of $5.7 million, or $0.11 per diluted share.
• On a pro forma basis, adjusted EBITDA was $19.7 million compared to $32.9 million in 2019.

Management Commentary

“2020 was an extraordinary year for our company as, shortly after our business combination, the normal operations of our industry were undermined by the COVID-19 pandemic,” said Peter Zhang, CEO of HF Foods. “In March of 2020, our pro forma sales declined approximately 67% as our restaurant clients were forced to either convert to take-out only or close entirely. However, we quickly pivoted our strategy to focus on new revenue streams that were less impaired by the pandemic and reduced our operating costs. As a result, we were well positioned to support our clients once weekly volumes began to increase, and once they surpassed approximately 50% of pre-COVID-19 levels, we began generating positive operating cash flows on a weekly basis. Today, our business has stabilized at approximately 75% of pre-COVID-19 levels.

“While the timetable for fully returning to normalcy is unknown, HF Foods maintains unique competitive advantages as a market leader in a currently fragmented industry that services the Asian/Chinese restaurant sector. As we shift our attention towards returning to sustainable growth, we remain confident that our differentiators, including our extensive footprint, strong vendor and customer relationships, and value-added service offerings, will continue to allow us to better serve our customers in 2021 and beyond.”

Liquidity & Sales Volumes

As of December 31, 2020, HF Foods had $9.6 million in cash and access to approximately $81.7 million in additional funds through its $100 million line of credit, subject to a borrowing base calculation. The strategic cost management actions undertaken in late March and April 2020 resulted in an overall increase of the available line of credit, ensured the Company could confidently navigate through an unconventional operating environment, and have positioned the company to expand operating margins as the impacts of COVID-19 on the food services industry diminish.

Since late April 2020, the Company has experienced a steady recovery of business volume as fear among consumers began to subside and pent-up demand for restaurant dining began to build. In the months of May and June 2020, weekly sales recovered to over 50% and 60% of pre-COVID-19 levels, respectively. Starting in September 2020, the Company began experience sales volumes equivalent to approximately 70% of pre-COVID-19 levels, and that trend has now stabilized at approximately 75% of pre-COVID-19 levels. With current sales volumes and its adjusted cost structure, the Company is generating positive operating cash flows on a weekly basis and does not have immediate liquidity concerns.

Pro Forma 2020 Results

On a pro forma basis, 2020 revenue decreased to $566.8 million compared to $828.0 million in 2019, due to a decline in sales to independent restaurants as many experienced forced closures or conversion to a take-out only model in response to the COVID-19 pandemic.

On a pro forma basis, gross profit was $100.3 million (17.7% of total revenue) compared to $133.2 million (16.1% of total revenue) in 2019. The improvement in gross margin was primarily attributable to the Company’s strengthened purchasing power and the elimination of lower margin sales to buffet restaurants, many of which remain severely impacted by the outbreak of COVID-19.

On a pro forma basis, distribution, selling and administrative expenses in 2020 were $106.1 million compared to $118.6 million in 2019. The decrease was mainly attributed to a $29.6 million reduction in overall distribution, selling and administrative costs, which were offset by a non-recurring $6.2 million increase in legal expense and a substantial straight-line amortization of $10.9 million on intangibles, including tradenames and customer relationships associated with the B&R merger transaction based on US Accounting GAAP rules.

As a result, pro forma net loss attributable to the Company for 2020 was $343.0 million, or $(6.58) per diluted share, compared to net income of $5.7 million, or $0.11 per diluted share, in 2019. During the first quarter of fiscal 2020, as a result of significant declines in its business due to the COVID-19 pandemic, HF Foods reassessed the fair value of the B&R reporting unit using the discounted cash flow method. Based on this analysis, the Company determined that $338.2 million should be recorded as a goodwill impairment charge during the first quarter of fiscal 2020. Excluding the one-off goodwill impairment charge, pro forma net loss attributable to the Company for the fiscal year 2020 was $4.8 million, or $(0.09) per diluted share.

Adjusted EBITDA on a pro forma basis in 2020 was $19.7 million compared to $32.9 million in 2019. The lower adjusted EBITDA in 2020 was primarily due reduced revenue, as described above.

About HF Foods Group Inc.

HF Foods Group Inc., headquartered in City of Industry, California, is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to primarily Asian/Chinese restaurants and other foodservice customers throughout the Southeast, Pacific and Mountain West regions of the United States. With 14 distribution centers along the U.S. eastern and western seaboards, HF Foods aims to supply the increasing demand for Asian American restaurant cuisine. With an in-house proprietary ordering and inventory control network, more than 10,000 established customers in 21 states, and strong relations with growers and suppliers of food products in the US and China, HF Foods Group is able to offer fresh, high-quality specialty restaurant foods and supplies at economical prices to its large and growing base of customers. For more information, please visit hffoodsgroup.com.

Non-GAAP Financial Measures


Adjusted EBITDA:
The Company believes that adjusted EBITDA is a useful performance measure and can be used to facilitate a comparison of the Company’s operating performance on a consistent basis from period to period and to provide for a more complete understanding of factors and trends affecting the business than GAAP measures alone can provide. Management believes that adjusted EBITDA is less susceptible to variances in actual performance resulting from depreciation, amortization and other non-cash charges and more reflective of other factors that directly affect our operating performance. Management believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial performance with that of other companies in the same industry, many of which present similar non-GAAP financial measures to investors. The Company presents adjusted EBITDA in order to provide supplemental information that the Company considers relevant for the readers of our consolidated financial statements included elsewhere in its reports filed with the SEC, including its current Quarterly Report on Form 10Q, and such information is not meant to replace or supersede U.S. GAAP measures.

The following table sets forth of the calculation of adjusted EBITDA and reconciliation to net income (loss), the closest U.S. GAAP measure:

Forward-Looking Statements

All statements in this news release other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. We have attempted to identify any forward-looking statements by using words such as “anticipates,” “believes,” “could,” “expects,” “intends,” “may,” “should” and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company’s actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements. Such factors include, but are not limited to, unfavorable macroeconomic conditions in the United States, competition in the food service distribution industry, particularly the entry of new competitors into the Chinese/Asian restaurant market niche, increases in fuel costs or commodity prices, disruption of relationships with vendors and increases in product prices, U.S. government tariffs on products imported into the United States, particularly from China, changes in consumer eating and dining out habits, disruption of relationships with or loss of customers, our ability to execute our acquisition strategy, availability of financing to execute our acquisition strategy, control of the Company by our Chief Executive Officer and principal stockholder, failure to retain our senior management and other key personnel, our ability to attract, train and retain employees, changes in and enforcement of immigration laws, failure to comply with various federal, state and local rules and regulations regarding food safety, sanitation, transportation, minimum wage, overtime and other health and safety laws, product recalls, voluntary recalls or withdrawals if any of the products we distribute are alleged to have caused illness, been mislabeled, misbranded or adulterated or to otherwise have violated applicable government regulations, failure to protect our intellectual property rights, any cyber security incident, other technology disruption, or delay in implementing our information technology systems, statements of assumption underlying any of the foregoing, the continuing impact of the Covid-19 pandemic, and other factors disclosed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements.

Investor Relations Contact:

Gateway Investor Relations
Cody Slach
Tel 1-949-574-3860
[email protected]

Temecula, CA, March 16, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — HOP-ON, INC. (OTC:HPNN) announced on March 12th the Company filed the required documentation of the last two years’ financial statements, and an updated disclosure statement with the attorney letter covering all relevant information for a non-audited company.

Peter Michaels, CEO of Hop-on, stated, “Hop-on is known for innovation and creating new technologies and bringing them to market. We are being attacked by market makers shorting our OTC company.  Just yesterday, market makers shorted 97,843,827 of 140,012,370 total volume traded, which is greater than 69%. In the last 10 trading days, they have shorted over a billion shares. For more information on the short position: https://www.otcshortreport.com/company/HPNN.”

About Hop-on, Inc.

Hop-on, Inc. (HPNN.PK) is a manufacturer of electronics over the last 20 years, focused on capitalizing its secured essential license agreements for mobile and computing technologies. DigitalAge.com is the Company’s upcoming decentralized social media platform focused on data portability and free speech, embedded with patent pending rights and royalty management technologies to protect visual content across social platforms and devices.  

Contact

Peter Michaels, CEO

[email protected] 

+1-949-756-9008 

www.Hop-on.com

Forward-Looking Statements:  https://www.hop-on.com/forward-looking-statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.

LANDOVER, Md., March 16, 2021 (GLOBE NEWSWIRE) — AirBoss Defense Group (ADG), the global leader in survivability for the assured mobility and chemical, biological, radiological, nuclear, and explosive (CBRNE) communities is announcing that it has been awarded a contract valued at up to $576 million by the United States Department of Health and Human Services (HHS) – Office of the Assistant Secretary for Preparedness and Response (ASPR), for nitrile rubber gloves. The contract consists of an initial order expected to be worth up to $288 million, with an equivalent follow-on option that HHS may exercise later in 2021 for an additional $288 million. This award builds upon ADG’s successful history of providing protective and survivability solutions to the Federal government.

ADG has supported the CBRNE and PPE needs of the Federal government for more than two decades and continues to actively assist the national strategy for pandemic preparedness to build a stable, secure, and resilient supply chain for high-quality PPE.

Nitrile gloves are in continuous demand by many agencies within the Federal government. The gloves to be provided by ADG are for nonsurgical purposes, for use in hospitals and other health care settings. The delivery timeline for this contract acknowledges ADG’s ability to quickly respond to the needs of the Federal government and the need to provide inventory for ASPR’s Strategic National Stockpile (SNS). This contract will provide nitrile gloves for the SNS to supplement state and local supplies, as needed, in response to the COVID-19 pandemic and for future health emergencies.

“ADG is pleased to again partner with HHS to provide critical supplies when American first responders and frontline medical workers need it the most. HHS selected ADG, as we have proven time and again that our company can quickly and efficiently meet the most pressing demands for survivability solutions. This award will ensure that our government partners are immediately provided with best in class PPE and we look forward to providing additional solutions in the future,” said Patrick Callahan, ADG’s CEO.

This contract is yet another acknowledgement that ADG is the leading domestic supplier of survivability and protective solutions. Over the past 12 months, ADG has delivered a total of 150,000 proprietary powered air purifying respirator (PAPR) systems, over 3.6 million PAPR filters, and accessories including protective hoods on time and on budget to HHS, the Federal Emergency Management Agency (FEMA), and Department of Veterans’ Affairs (VA). ADG solutions are also utilized by the U.S. Department of Defense, U.S Department of State, and Centers for Disease Control and Prevention (CDC).

About AirBoss Defense Group (ADG)

ADG is a growing survivability company that provides military, law enforcement, medical providers, industrial providers and first responders with a diverse portfolio of protective equipment that spans the entire survivability spectrum. AirBoss Defense, an ADG brand, is a recognized world leader in rapid deployment negative pressure isolation shelters, CBRNE protective equipment, medical protective equipment, and personal respiratory protective products. AirBoss Defense’s emergency response and personal protective equipment is utilized by the Department of Defense, U.S. Department of State, FEMA, CDC, other government agencies and private companies.

For more information, please visit www.adg.com.

FORWARD LOOKING INFORMATION DISCLAIMER

Certain statements contained or incorporated by reference herein, including those that express management’s expectations or estimates of future developments or ADG’s future performance, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and can generally be identified by words such as “will”, “may”, “could” “is expected to”, “believes”, “anticipates”, “forecasts”, “plans”, “intends” or similar expressions. These statements are not historical facts but instead represent management’s expectations, estimates and projections regarding future events and performance.

Statements containing forward-looking information are necessarily based upon a number of opinions, estimates and assumptions that, while considered reasonable by management at the time the statements are made, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies. ADG cautions that such forward-looking information involves known and unknown contingencies, uncertainties and other risks that may cause ADG’s actual financial results, performance or achievements to be materially different from its estimated future results, performance or achievements expressed or implied by the forward-looking information. Numerous factors could cause actual results to differ materially from those in the forward-looking information, including without limitation: impact of general economic conditions; dependence on key customers; global defense budgets, notably in ADG’s target markets, and success of ADG in obtaining new or extended defense contracts; sufficient availability of raw materials at economical costs; weather conditions affecting raw materials, production and sales; ADG’s ability to maintain existing customers or develop new customers in light of increased competition; ADG’s ability to successfully integrate acquisitions of other businesses and/or companies or to realize on the anticipated benefits thereof, changes in accounting policies and methods, including uncertainties associated with critical accounting assumptions and estimates; changes in the value of the Canadian dollar relative to the US dollar; changes in tax laws and potential litigation; ability to obtain financing on acceptable terms; environmental damage and non-compliance with environmental laws and regulations; impact of global health situations; potential product liability and warranty claims and equipment malfunction. COVID-19 could also negatively impact ADG’s operations and financial results in future periods. There is increased uncertainty associated with future operating assumptions and expectations as compared to prior periods. As such, it is not possible to estimate the impacts COVID-19 will have on ADG’s financial position or results of operations in future periods. While the direct impacts of COVID-19 are not determinable at this time, AirBoss of America Corp., the parent company of ADG, has a credit facility as at December 31, 2020 that can provide financing up to US$60,000,000. This list is not exhaustive of the factors that may affect any of ADG’s forward-looking information.

All of the forward-looking information in this press release is expressly qualified by these cautionary statements. Investors are cautioned not to put undue reliance on forward-looking information. All subsequent written and oral forward-looking information attributable to ADG or persons acting on its behalf are expressly qualified in their entirety by this notice. Forward-looking information contained herein is made as of the date of this press release and, whether as a result of new information, future events or otherwise, ADG disclaims any intent or obligation to update publicly this forward-looking information except as required by applicable laws. Risks and uncertainties about ADG’ business are more fully discussed under the heading “Risk Factors” in AirBoss of America Corp.’s (“AirBoss”) recent Annual Information Form and are otherwise disclosed in AirBoss’ filings with securities regulatory authorities which are available on SEDAR at www.sedar.com.

AirBoss Defense Group
3341 75^th Avenue, Suite GG
Landover, Maryland
Contact: David Costello
Tel: 617.875.2492
Email: [email protected]

MINNEAPOLIS, March 16, 2021 (GLOBE NEWSWIRE) — Total Expert, the customer experience platform purpose-built for modern financial institutions, was again named to the 2021 Inc. 5000 Series: Midwest list, the most prestigious ranking of the fastest-growing companies in the region.

This marks the second-straight year Total Expert has ranked among the top 50 companies in its region on the Inc. 5000 Series: Midwest list. For three years in a row, Total Expert has been recognized alongside companies nationwide on the wider Inc. 500 list. The company ranked #288 in 2020, #105 in 2019, and #337 in 2018.

“Banks and lenders are facing an unprecedented need to improve customer experience at every touchpoint in order to drive growth and increase customer loyalty,” said Joe Welu, founder and CEO of Total Expert. “Inclusion again on the Inc. 5000 list is a huge honor, and it’s a testament to our market leadership in CRM and customer engagement for modern financial institutions.”

More than 150 financial services organizations, from leading community banks and credit unions to three of the nation’s top 10 banks and nine of the top 15 mortgage lenders, rely on Total Expert to build trust with their customers through a digital-first customer experience strategy.

Over the last three years, Total Expert revenues have grown by over 1,500%. The company took home several growth awards in 2020, a nod to the company’s innovation in delivering the leading experience platform, including the No. 3 spot on the Minneapolis / St. Paul Business Journal’s 2020 Fast 50 list and No. 82 on the Deloitte Tech Fast 500 list. For more information about Total Expert, visit www.totalexpert.com.

About Total Expert

Total Expert is a fintech software company that delivered the first Experience Platform purpose-built for the modern financial institution. The platform enables sales and marketing teams to leverage data to seamlessly deliver products and services relevant to each customer based on their financial goals. Total Expert focuses on the unique compliance needs of financial services organizations that must integrate industry-specific data and applications to deliver a cohesive experience across the customer lifecycle. For more information, visit totalexpert.com.

Media Contact: Jack McHugh, [email protected]