Market Newsdesk

NEW YORK, March 15, 2021 (GLOBE NEWSWIRE) — Global X, the New York-based provider of exchange-traded funds, today announced the appointment of Tom Driscoll as SVP, Director of ETF Model Portfolio Sales to support the expansion of Global X’s ETF model portfolio business. The appointment of Mr. Driscoll coincides with the continued growth of Global X’s suite of ETF model portfolios, which are now available across 11 platforms globally.

Mr. Driscoll most recently served as Vice President and Co-Head of Strategist Model Portfolios at Goldman Sachs Asset Management where he was responsible for proprietary and open architecture multi-asset class model portfolios utilizing ETFs and mutual funds for fund implementation. Previously, Mr. Driscoll worked as Vice President and Chief Commercial Officer at S&P Investment Advisory Services where he led business development, investment consultant services, relationship management and national accounts and was a member of the management team until the firm’s acquisition by Goldman Sachs in July 2019.

Commenting on today’s announcement, Jon Maier, Chief Investment Officer at Global X, said: “Tom brings to Global X decades of experience in wealth management and investment advisory, and targeted knowledge of the ETF model portfolio landscape. We’re extremely proud of the trajectory of our model portfolio business, and Tom’s expertise will be critical to our growth strategy.”

“I’m excited to be joining Global X as SVP, Director of ETF Model Portfolio Sales, particularly at such an exciting time for Global X’s model portfolio business,” said Driscoll. “Global X is extremely well-positioned to help investors achieve their goals through carefully constructed portfolios, designed for a rapidly changing market landscape.”

The addition of Mr. Driscoll represents Global X’s strong commitment to building the ETF model portfolio business both in the U.S. and globally.

The firm offers several model portfolios that incorporate Global X and third-party ETFs into their allocations, including: Equity Thematic Disruptors; Equity Income; the Core Series, which incorporate thematic and factor-based strategies alongside broad equity and fixed income ETFs; and the Sustainable Core Series, which provide low cost exposure to sustainable investments by combining broad-based ETFs that are tilted towards sustainability along with a dedicated sleeve of sustainable themes.

“Model portfolios are adept at both addressing investor needs and creating space for advisors to scale their businesses strategically,” said Maier. “The increasing accessibility of ETF model portfolios allows advisors to offer efficient solutions fitted to their clients’ needs.”

Global X model portfolios are currently available through a range of platforms, including: the TD Ameritrade Institutional Model Market Center™, GeoWealth, Envestnet, Interactive Advisors and Interactive Brokers.

ABOUT GLOBAL X ETFs

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features more than 70 ETF strategies and $27 billion in assets under management. While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.

Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $450 billion in assets under management worldwide. Mirae Asset has an extensive global ETF platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $70bn in assets under management.

MEDIA CONTACT

Frank Taylor / Stephanie Dressler
Dukas Linden Public Relations
[email protected] / [email protected]
(646) 808-3647 / (949) 269-2535

DISCLOSURE

Global X Management Company LLC is an investment adviser registered with the U.S. Securities and Exchange Commission.

This information should not be relied upon for trading purposes or as investment advice, research, or a recommendation by Global X Management LLC (Global X) regarding (i) any fund, (ii) the use or suitability of the model portfolios or (iii) any security in particular. Investments cannot be made directly into a model portfolio.  Rather, model portfolios provide target allocations for consideration by financial advisors. Financial advisors are responsible for making their own independent judgment as to how to use this information. Target allocations contained herein are subject to change. There is no assurance that the target allocations can or will be achieved, and actual allocations and risk or return profiles of actual portfolio holdings may be significantly different from those shown here.

Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal. Diversification may not prevent investment loss.

Investments based on the model portfolios will be subject to the risks of the ETFs that comprise the model portfolio.

Investors should carefully consider the investment objectives, risk factors, charges, and expenses of each fund that comprises the model portfolio before investing. For information regarding the funds that comprise the model portfolios, please refer to each funds’ currently available prospectus and statement of additional information. Read the prospectus carefully before investing.

The information presented is not definitive investment advice, should not be relied on as such, and should not be viewed as a recommendation by Global X generally or for any purpose outside of Global X’s model portfolios as of the date indicated. It is presented solely to illustrate Global X’s investment process in developing the model portfolios and its analysis and views of the funds that comprise the model portfolios as of the date indicated.

Global X’s views of, recommendations with respect to, and investment decisions regarding securities may vary across Global X’s strategies. Such recommendations are subject to change continually and without notice of any kind and may no longer be true after the date indicated. This document may contain certain statements deemed to be forward-looking statements. All statements, other than historical facts, contained within this document that address activities, events or developments that Global X expects, believes or anticipates will or may occur in the future are forward-looking statements.

These statements are based on certain assumptions and analyses made by Global X in light of its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances, many of which are detailed herein. The opinions expressed in these statements represent the current, good faith views of the author(s) at the time of publication and are provided for limited purposes, are not definitive investment advice, and should not be relied on as such. Such statements are subject to a number of assumptions, risks, uncertainties, many of which are beyond Global X’s control. Please note that any such statements are not guarantees of any future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The information presented in this document has been developed internally and/or obtained from sources believed to be reliable; however, Global X does not guarantee the accuracy, adequacy or completeness of such information. Predictions, opinions, and other information contained in this presentation are subject to change continually and without notice of any kind and may no longer be true after the date indicated. Any forward-looking statements speak only as of the date they are made, and Global X assumes no duty to and does not undertake to update forward-looking statements. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Actual results could differ materially from those anticipated.

TD Ameritrade is separate from and not affiliated with Global X and is not responsible for, nor any endorsement of services, opinions, products or policies should be inferred. Model Market Center™ is an offering of TD Ameritrade, Inc. Registered Investment Advisor (RIA). TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. Used with permission.

Calgary, March 15, 2021 (GLOBE NEWSWIRE) — Some 268 workers at the Coca-Cola Refreshments Calgary plant will be on strike effective 9 a.m. today, March 15. The dispute involves members of Teamsters Local Union 987 of Alberta (Teamsters 987) who are asking for access to job security and protection from unnecessary third-party outsourcing as part of their collective agreement.
 
Plant workers have steadily been losing job hours to third-party contractors, reducing their ability to earn a suitable livelihood for themselves and their families. Coca-Cola’s actions are limiting employees’ ability to fulfill their hours on good paying jobs, creating an insecure and worrying work environment while some of their work is fulfilled by non-union contractors. 

The affected union workers voted 94 per cent in favour of strike action on March 4. They are employed in warehouse, production, distribution and equipment service roles. 

The strike action will also likely affect delivery of beverage products to Alberta customers, including restaurants, grocery and retail stores. 

Says Brock Penner, Business Agent, Teamsters Local Union 987, “These workers have dedicated themselves to keeping product moving to Albertans during a difficult time. Over the past year, these workers were deemed an essential service and have been there for Albertans. Now it’s time that Albertans stand with them as they fight for job security during uncertain times.”

“Coca-Cola employees simply want to do their jobs with some level of predictability from their employer,” continued Penner.

“We believe that everyone is entitled to dignity and security in the workplace. These have not been easy times for warehouse and delivery roles, and these hard-working Albertans deserve better. They have used their voices to speak up about their concerns, and we will always stand up for our workers,” added Penner. 

The previous agreement expired on October 1, 2020. Teamsters 987 has not had to take strike action since 2004, and are not eager to enter into a dispute.

Teamsters 987 is fighting for a positive outcome for their members, who have shown dedication and commitment to their respective roles. The membership is eager to be part of the future of Coca-Cola’s presence in the Alberta market, with the appropriate measures in place. 

-30-

About Teamsters Local Union 987 of Alberta:

Teamsters Local Union 987 of Alberta is a family of more than 5,000 workers strong from over 13 industries and 40 collective agreements. They protect and empower members through powerful advocacy with employers, superior legal backing and assistance with many other areas that contribute to a greater quality of life. Teamsters 987 has been creating fair workplaces across Alberta since 1942. Visit Teamsters987.com for more information.

SARASOTA, Fla., March 15, 2021 (GLOBE NEWSWIRE) — Star2Star, a global leader in cloud-native communications, collaboration, and integration solutions for the enterprise, announced today that TMC, a global, integrated media company, has named their cloud-native platform as a recipient of a 2021 INTERNET TELEPHONY Product of the Year Award.

Star2Star’s one-of-a-kind, cloud-native platform offers a complete portfolio of communications, collaboration, and integration solutions for the modern enterprise. Their innovative technologies provide pure to on-premises deployment options, browser-based video meetings, remote workspaces, text messaging, connected worker applications, and more cutting-edge solutions to today’s business challenges.

“It’s an honor to receive the Product of the Year Award from Internet Telephony magazine,” said Michelle Accardi, President and Chief Revenue Officer of Star2Star. “We have always prioritized the customer experience and value of our solutions; receiving recognition for providing an exceptional product is further confirmation that our efforts are well-received.”

“I am honored to recognize Star2Star with a 2021 Product of the Year Award for its commitment to excellence and innovation,” said Rich Tehrani, CEO, TMC. “In the opinion of our judges and editorial team, their cloud-native platform has proven to be among the best communications and technology solutions available on the market. I look forward to continued leadership from Star2Star.”

The winners of the 2021 INTERNET TELEPHONY Product of the Year will be featured in INTERNET TELEPHONY magazine online and on TMCnet.

For more information about TMC, please visit www.tmcnet.com.

About Star2Star

In an increasingly complex world, businesses need to simplify the way they communicate, collaborate, and seamlessly integrate third-party applications into their operations and processes. Star2Star meets that need with its patented cloud-native collaboration platform designed for the modern enterprise that extends the company’s record of success in maintaining a 99.4% customer retention rate.

Star2Star has delivered consistently innovative solutions to enterprise communication and collaboration challenges since 2006. Throughout its history, it has demonstrated a commitment to the continuous upgrading of cutting-edge technology to anticipate and address rapidly evolving enterprise needs. The company entered the market as the only UCaaS provider with an on-premises cloud platform that combined cloud flexibility with an ultra-reliable proprietary network. Today, its suite of enterprise communication and collaboration solutions offers unparalleled value, reliability, quality, scalability, and capacity to unify people and processes within an intuitive, cloud-native environment.

Star2Star has been named to such prestigious lists as the Deloitte Technology Fast 500, Inc. 500|5000, Omdia Top 10 UCaaS Service Provider, and Forbes Most Promising Companies. Recognition of its pioneering innovation in the enterprise cloud market extends to major industry analyst indicators such as inclusion in the Frost Radar North American Hosted IP Telephony and UCaaS Industry reports and the Gartner Magic Quadrant for UCaaS, Worldwide.

Casey O’Loughlin
[email protected]

LAKEWOOD, NJ, March 15, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Reliance Global Group, Inc. (Nasdaq: RELI; RELIW), which combines advanced technologies with the personalized experience of a traditional insurance agency, announces that its affiliated Reliance Insurtech division has received licenses to sell home and auto insurance in 40 states, with plans to expand to additional types of insurance.  In order to utilize these licenses and achieve efficacy, its 5MinuteInsure.com platform is in the process of being configured to offer insurance in the respective states, while the Company is onboarding carriers in these states.

5MinuteInsure.com is designed to leverage the Company’s proprietary and novel technologies, allowing it to tap into the growing number of online shoppers and, in turn, driving demand to its affiliated agents.  5MinuteInsure.com utilizes artificial intelligence to provide competitive insurance quotes, in many cases, within five minutes, with minimal data input by the customer via their smartphone, tablet or computer. 

Ezra Beyman, CEO of Reliance Global Group, commented, “We have achieved a significant milestone in being licensed in 40 states, with more states to follow.  Now, we are in the process of aggressively onboarding known insurance carriers, both regional and nationwide, in order to realize the benefits of this novel platform. We believe that as this process unfolds, our online offering will be highly attractive to the growing number of consumers who have now become accustomed to conducting almost all of their business online. We believe we are unique in our ability to combine the traditional insurance agency model with tools adapted for the modern digital age.  We can now provide customers the ability to digitally compare quotes within minutes and request to bind their policy online. For clients who still prefer to interact with a person directly, there will be concierge agents available through live chat or phone to assist in reviewing and binding coverage as well as servicing policies. We look forward to providing further updates as key developments unfold.”

About Reliance Global Group, Inc.

Reliance Global Group, Inc. (NASDAQ: RELI, RELIW) is combining advanced technologies, with the personalized experience of a traditional insurance agency model. Reliance Global Group’s growth strategy includes both an organic expansion, including through 5minuteinsure.com, as well as acquiring well managed, undervalued and cash flow positive insurance agencies.  Additional information about the Company is available at https://www.relianceglobalgroup.com/. 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contact:

Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: [email protected]

FOUNTAIN INN, S.C., March 15, 2021 (GLOBE NEWSWIRE) — AVX Corporation, a leading manufacturer and supplier of advanced electronic components and interconnect, sensor, control, and antenna solutions, is delivering three technical presentations, teaching two training seminars, and showcasing its extensive portfolio of high-reliability MIL-spec components at the 24^th annual Components for Military & Space Electronics Conference (CMSE 2021), which, due to continued global concerns regarding the COVID-19 pandemic, will be held virtually Monday through Friday, April 19–23.

Widely recognized as the premier conference dedicated to the design, reliability, and application of both MIL-spec and commercial off-the-shelf (COTS) components engineered for military and commercial avionics, aerospace, and space systems, CMSE welcomes high-level military and space components supply chain personnel, addresses topics including electronic components, testing, reliability, and supply chain, and places a special emphasis on new technology and design practices. This year’s virtual five-day conference will feature three keynotes, four in-depth tutorial sessions, six technical sessions, three interactive student sessions, two panel discussions, and an intimate, extremely well-focused exhibition and also marks AVX’s 10^th consecutive year of enthusiastic support for this unique annual event.

The first day of CMSE 2021 will consist of two in-depth tutorial sessions, one of which — the afternoon session, “Overview of Microelectronic Components Specs for Military and Space Electronics” — will be co-taught by AVX Fellow and Technical Sales Group Manager, Ron Demcko, who has served as a member of the CMSE Program Committee since 2010. This session will provide electronics engineers with better insight into the myriad specifications that govern the quality and reliability of military- and space-grade components, and will feature presentations from Lawrence (Larry) Harzstark, aerospace technical fellow, Electronics Engineering Subdivision, Peter Majewicz, manager of the NASA Electronics Parts and Packaging (NEPP) Program, and Demcko, who will provide a high-level overview of military, ESA, COTS, and automotive-grade specifications applicable to capacitors, resistors, filters, and inductors.

Two of the three AVX contributions to the technical sessions will be presented during Sessions 1A and 1B on Tuesday, April 20, and the third will be presented during the Vendor Application Session on Thursday, April 22.   

In Session 1A, AVX Field Applications Engineer Daniel West will present “A Comparison of Commercial, Automotive, and Aerospace Capacitors,” which will provide attendees with a comparison of the mechanical, electrical, and reliability characteristics of commercial, automotive, and military- and aerospace-grade ceramic and tantalum capacitors; explore the various design and testing protocols involved in qualifying ceramic and tantalum capacitors to commercial, automotive, and aerospace reliability levels; address source drawings and COTS+ components; and share guidelines for matching appropriate component grades to specific applications. In addition to presenting, West will also chair Session 1A on “Passive Components for Military and Hi-Rel Space Systems.”

In Session 1B, AVX Ceramics Technical Manager John Marshall will present “Low-Inductance MLCC Capacitors for High-Speed Processor Circuits,” which will provide attendees with an overview of the technology used to manufacture and supply existing versions of commercial-grade and high-reliability low-ESL components, including low-inductance ceramic capacitors (LICCs) and interdigitated capacitors (IDCs) specifically targeted at addressing growing demand for high-speed processing capabilities, as well as the material, design, manufacturing, and screening modifications this product group underwent in order to satisfy stringent MIL-spec requirements. Marshall with also chart the range of products and the timeline to full QPL, providing insights into manufacturing operations, process cycle times, and future capacity plans through 2021.

On Thursday, AVX Assistant Quality and Reliability Manager Brian Brunette will present a concise introduction to the characteristics of hermetically packaged tantalum polymer capacitors during the Vendor Application Session.

The fifth and final day of the CMSE virtual event will feature two tutorial sessions, the second of which will also be co-taught by Ron Demcko. Divided into two sections, the Capacitor Reliability Seminar will feature presentations from both Demcko — who will cover the construction, electrical performance, and reliability of ceramic and film capacitors, stacked modules, and supercapacitors — and Dr. Yuri Freeman, director of Advanced Research at KEMET Electronics Corporation, who will focus on tantalum and electrolytic capacitors.

As part of the CMSE 2021 virtual exhibition, AVX will showcase its extensive portfolio of passive components for high-reliability mil-spec applications, including military- and space-level surface-mount ceramic capacitors, high-reliability surface-mount tantalum capacitors, and selections from its innovative range of compact, lightweight, and cost-effective high-CV, surface-mount base metal electrode solutions approved to MIL-PRF-32535, NASA, ESA, and CECC specifications. Exhibit highlights include AVX’s new Low-Inductance, Space-Level BME Ceramic Capacitors, its ESCC QPL-approved TCS Series COTS-Plus Ultra-Low-ESR Polymer Electrolytic Multianode Chip Capacitors, its TCH Series Hermetically Sealed Tantalum Polymer Capacitors, and its TCB Series COTS-Plus Conductive Tantalum Polymer Capacitors.

“CMSE is the leading technical conference for engineers primarily focused on reliability and technological advances in the passive component industry,” said CMSE Program Chair Tom Green. “These advanced products are critical enablers of various applications, ranging from the myriad capacitors employed in modern-day hybrid electric vehicles to the RF microwave modules designed into military and space systems and leveraged for national security. AVX’s continued presence at CMSE is a true testament to the company’s dedication to the design and development of advanced military and space applications, and in spite of the challenges posed by the global coronavirus pandemic, we are grateful to have the AVX team share its knowledge and expertise with our registered conference attendees for the eighth consecutive year.”

“CMSE is such an important, industry-shaping event because it brings leading members of and key professionals working within the military and space components supply chain together to share new knowledge, proven techniques, and best practices in an intensely focused setting that allows participants to effectively address the unique challenges facing these critical components,” said AVX Fellow and Technical Sales Group Manager, Ron Demcko. “At CMSE, everyone from design engineers to product managers, quality assurance personnel, and procurement executives works collaboratively to develop solutions that are vital to the advancement of military and space applications. All of us at AVX are extremely proud to be contributing to this uniquely collaborative industry event once again and look forward to continuing our participation and support of the conference in future years as well.”

For more information about the 2021 Components for Military & Space Electronics Virtual Conference (CMSE), please visit https://www.tjgreenllc.com/cmse/,click here to access the advance program, and follow them on Twitter and LinkedIn. For all other inquiries, please visit www.avx.com, email [email protected], follow them on LinkedIn, Twitter, and Instagram, like them on Facebook, call 864-967-2150, or write to One AVX Boulevard, Fountain Inn, S.C. 29644.

About AVX

AVX Corporation is a leading international manufacturer and supplier of advanced electronic components, interconnect, sensing, control, and antenna solutions with 33 manufacturing facilities in 16 countries around the world. AVX offers a broad range of devices including capacitors, resistors, filters, couplers, sensors, controls, circuit protection devices, connectors, and antennas.

About CMSE / TJ Green Associates
The Components for Military & Space Electronics Conference (CMSE) is the industry’s premier technical conference for presenting best practices for component engineers, project managers, quality assurance, and supply chain professionals focused on the design, reliability, and application of electronic components for military, avionics, aerospace, and commercial space systems.

TJ Green Associates LLC is a veteran-owned small business dedicated to providing leadership in teaching and consulting services for the assembly and packaging of microelectronic components used in high-reliability military, space, and medical device applications. Founder and principal Thomas J. Green, a 28-year USAF veteran, has more than 38 years combined experience in industry, academia, and Department of Defense positions developing teaching and consulting programs for microelectronics assembly-related materials and processes.

Attachment

• AVX549 CMSE 2021 PR

CHARLOTTESVILLE, Va., March 15, 2021 (GLOBE NEWSWIRE) — Adial Pharmaceuticals, Inc. (NASDAQ: ADIL; ADILW) (“Adial” or the “Company”), a clinical-stage biopharmaceutical company focused on developing therapies for the treatment and prevention of addiction and related disorders, today announced that it has entered into Securities Purchase Agreements (“SPAs”) for the private placement of 700,001 shares of common stock at a price of $3.00 per share (the “Shares”), for total proceeds of $2,100,000. The private placement investors include members of Management and the Board of Directors of the Company and Keystone Capital Partners, LLC (collectively, “Investors”). No warrants or brokers fees were issued in this financing transaction.

In accordance with the terms of the SPAs, the Investors are obligated to fund $1,809,000 upon the registration of the Shares. The Company received $291,003 upon the parties’ execution of the SPAs in accordance with the terms contained therein.

Details of the private placement are available in the Company’s Form 8-K, which has been filed with the securities and Exchange Commission and is available at www.sec.gov or by visiting the Company’s web site here.

About Adial Pharmaceuticals, Inc.

Adial Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing therapies for the treatment and prevention of addiction and related disorders. The Company’s lead investigational new drug product, AD04, is a genetically targeted, serotonin-3 receptor antagonist, therapeutic agent for the treatment of Alcohol Use Disorder (AUD) and is currently being investigated in the Company’s landmark ONWARD™ pivotal Phase 3 clinical trial for the potential treatment of AUD in subjects with certain target genotypes, which are to be identified using the Company’s proprietary companion diagnostic genetic test. A Phase 2b clinical trial of AD04 for the treatment of AUD showed promising results in reducing frequency of drinking, quantity of drinking and heavy drinking (all with statistical significance), and no overt safety concerns (there were no statistically significant serious adverse events reported). AD04 is also believed to have the potential to treat other addictive disorders such as Opioid Use Disorder, gambling, and obesity, and the Company develops adenosine analogs for the treatment of pain and other disorders. Additional information is available at www.adialpharma.com.

About the Landmark ONWARD™ Pivotal Phase 3 Clinical Trial

The ONWARD trial is a 24-week, multicenter, randomized, double-blind, placebo-controlled, parallel group, Phase 3 clinical study to evaluate the efficacy, safety and tolerability of AD04 in patients with Alcohol Use Disorder (AUD) and selected polymorphisms in the serotonin transporter and receptor genes. Patients are genetically screened prior to enrollment in the ONWARD trial so that only genetically positive patients are enrolled. The primary endpoint for analysis of efficacy is the change from baseline in the monthly number of heavy drinking days during the last 8 weeks of the 24-week treatment period. ONWARD is currently being conducted in 25 clinical sites in seven countries in Scandinavia and Central and Eastern Europe (Sweden, Finland, Poland, Latvia, Estonia, Bulgaria and Croatia). The principal investigator is Professor Hannu E.R. Alho, Emeritus Professor of Addiction Medicine at the University of Helsinki.

Forward Looking Statements

This communication contains certain “forward-looking statements” within the meaning of the U.S. federal securities laws. Such statements are based upon various facts and derived utilizing numerous important assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. The forward-looking statements include statements regarding the potential of AD04 to treat other addictive disorders such as opioid use disorder, gambling, and obesity. Any forward-looking statements included herein reflect our current views, and they involve certain risks and uncertainties, including, among others, our ability to enroll patients within the timelines anticipated and complete clinical trials on time and achieve desired results and benefits as expected, our ability to obtain regulatory approvals for commercialization of product candidates or to comply with ongoing regulatory requirements, regulatory limitations relating to our ability to promote or commercialize our product candidates for specific indications, acceptance of its product candidates in the marketplace and the successful development, marketing or sale of products, our ability to maintain our license agreements, the continued maintenance and growth of our patent estate, our ability to establish and maintain collaborations, our ability to obtain or maintain the capital or grants necessary to fund its research and development activities, and our ability to retain our key employees or maintain our Nasdaq listing. These risks should not be construed as exhaustive and should be read together with the other cautionary statement included in our Annual Report on Form 10-K for the year ended December 31, 2019, subsequent Quarterly Reports on Form 10-Q and current reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.

Contact:

Crescendo Communications, LLC                        
David Waldman / Natalya Rudman                        
Tel: 212-671-1021                                
Email: [email protected]

This Letter Details Years of Mismanagement at Taronis Fuels from A Board Unwilling To 
Hold Management Accountable While Being All Too Willing to Dilute Shareholders

The Board Issues 3.4 Million Shares, Or More Than 51% of the Outstanding Shares, in the Last Few Weeks to Entrench Itself and Avoid Shareholder Accountability

While the SEC Investigates the Company, The Board Has Refused to Provide Any Public Updates or Prevent Additional Harm to Shareholders

The Concerned Shareholders Urge Taronis Shareholders to Provide Their Consents on The

WHITE

Consent Card to Reconstitute the Board with Five Highly-Qualified And Independent Director Candidates

They Have A Simple Plan to Improve the Company’s Organic Growth and Profitability

NEW YORK, March 15, 2021 (GLOBE NEWSWIRE) — Thomas Wetherald and Tobias Welo (together, the “Concerned Shareholders”, “we”, “our” or “us”), who owned more than 16.2% of the outstanding shares before the Board of Directors’ recent defensive and dilutive entrenchment maneuvers, today announced that they have sent a letter to the shareholders of Taronis Fuels, Inc. (OTCQB: TRNF) detailing the value destructive history of CEO Scott Mahoney and the Taronis board, as well as outlining their immediate plan to right the ship at Taronis and generate value for all Taronis shareholders and create a better Taronis for its employees and other stakeholders.  

The Concerned Shareholders have launched a consent solicitation seeking to remove the incumbent board and elect a slate of significantly more qualified and aligned individuals to save Taronis and create long term sustainable value. Do not be misled. Time is of the essence. We urge Taronis stockholders to read the following letter and to vote only on the WHITE Consent Card. Voting the Taronis Green revocation card, even as a protest against Scott Mahoney and the Board, will cancel your previously cast vote to consent on the WHITE Consent Card. Only your latest dated card counts.

You may view the embedded letter below:

http://ml.globenewswire.com/Resource/Download/20ae9212-4436-4cba-8bc4-2e872733208f

Investors:

Saratoga Proxy Consulting LLC
John Ferguson / Ann Marie Mellone
(212) 257-1311
[email protected]