Market Newsdesk

November 16, 2020 9:18 am

Stxfilms: “Greenland” to Be Released in China

Stxfilms: “Greenland” to Be Released in China

Hit Gerard Butler Film to Be Available from China Film Group and JL Vision on November 20, 2020

DOUGLAS, Isle of Man & BURBANK, Calif.–(BUSINESS WIRE)–
Eros STX Global Corporation (“ErosSTX” or the “Company”) (NYSE: ESGC), a global entertainment company, announced today that STXfilms’ Greenland, the hit action film that has opened #1 in theaters in 27 territories around the world, will be available theatrically to audiences in China beginning November 20, 2020. The film will be released nationwide in the Middle Kingdom by China Film Group and JL Vision. The announcement was made today by Adam Fogelson, chairman, STX films Motion Picture Group.

Greenland will be one of the first import titles to achieve a wide theatrical release in China following the pandemic induced lockdown earlier this year. The film will be released across 14,000 screens in the Middle Kingdom, where Gerard Butler is a major star, having seen success on previous offerings in the region including Geostorm with $66 million in local box office and London Has Fallen with $52 million.

During this challenging year, Greenland has benefited from an “international first” theatrical strategy, exceeding the box office of previous Butler films including Angel Has Fallen in key territories around the world. With the film’s international performance, pre-sales, and downstream television deals, the film is already profitable despite challenging market conditions. Greenland continues to roll out theatrically in international markets.

Said Fogelson, “Greenland is exactly the kind of high-concept, action packed spectacle that will wow cinemagoers in China. We are incredibly excited to partner with China Film Group and JL Vision on such a significant release, which clearly indicates a resurgence in the marketplace, and it’s exciting to know that audiences in China will have the chance to see the film in theaters later this week.”

Starring Gerard Butler, Morena Baccarin, David Denman, Hope Davis, Roger Dale Floyd, Andrew Bachelor, Merrin Dungey, with Holt McCallany, and Scott Glenn, the film is written by Chris Sparling and directed by Ric Roman Waugh. Producers are Basil Iwanyk, Sèbastian Raybaud, Gerard Butler and Alan Siegel.

In Greenland, a family fights for survival as a planet-killing comet races to Earth. John Garrity (Gerard Butler), his estranged wife Allison (Morena Baccarin), and young son Nathan make a perilous journey to their only hope for sanctuary. Amid terrifying news accounts of cities around the world being levelled by the comet’s fragments, the Garrity’s experience the best and worst in humanity. As the countdown to global apocalypse approaches zero, their incredible trek culminates in a desperate and last-minute flight to a possible safe haven.

Eros STX Global Corporation:

Eros STX Global Corporation, (“ErosSTX”) (NYSE: ESGC) is a global entertainment company that acquires, co-produces and distributes films, digital content & music across multiple formats such as theatrical, television and OTT digital media streaming to consumers around the world. Eros International Plc changed its name to Eros STX Global Corporation pursuant to the July 2020 merger with STX Entertainment, merging two international media and entertainment groups. The combination of one of the largest Indian OTT players and premier studio with one of Hollywood’s fastest-growing independent media companies has created an entertainment powerhouse with a presence in over 150 countries. ErosSTX delivers star-driven premium feature film and episodic content across a multitude of platforms at the intersection of the world’s most dynamic and fastest-growing global markets, including US, India, Middle East, Asia and China. The company also owns the rapidly growing OTT platform Eros Now which has rights to over 12,000 films across Hindi and regional languages and had 211.5 million registered users and 36.2 million paying subscribers as of September 30th, 2020. For further information, please visit ErosSTX.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116005592/en/

Investor Contact:

Drew Borst

EVP, Investor Relations & Business Development

Eros STX Global Corporation

[email protected]

Press Contact:

Steve Elzer

Elzer & Associates

1 (213) 392-4660

[email protected]

KEYWORDS: California China India United States United Kingdom North America Asia Pacific Europe

INDUSTRY KEYWORDS: Entertainment Other Consumer Consumer Technology Film & Motion Pictures Celebrity Software

MEDIA:

November 16, 2020 9:18 am

SRAX Reports 161% Year-Over-Year and 124% Quarter-Over-Quarter Revenue Growth

SRAX Reports 161% Year-Over-Year and 124% Quarter-Over-Quarter Revenue Growth

LOS ANGELES–(BUSINESS WIRE)–
SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights to publicly traded companies through Sequire, reported results for the three months ended September 30, 2020.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201116005477/en/

(Graphic: Business Wire)

Third Quarter 2020 and Recent Operational Highlights

Revenue for Q3 of $2.6M up 161% year-over-year, 124% sequentially quarter-over-quarter
Reduced operating expenses by 22% year-over-year for Q3 and 18% year-to-date
EBITDA increase of $2.1M, or 53%, vs Q3 2019
Sequire segment EBITDA positive in Q3 2020
7 consecutive quarters of Sequire SAAS growth
Sequire bookings for the quarter were $6.7M
Currently holding approximately $10M worth of publicly listed securities
125 public companies/partners have subscribed to Sequire, up 34 companies since Q2 release, a 37% increase
BIGToken share exchange agreement signed – anticipated to move into its own publicly traded company in Q4 (TICKER:FPVD)
Completed the acquisition of LD Micro
Sold position in TI Health (SRAXmd) for $8M
Fourth Quarter revenue guidance of $4M

Third Quarter 2020

Total Revenue was $2.6M, an increase of 161% as compared to Q3 2019 and up 124% from Q2 2020.
Gross Margin was 66%, as compared to 68% in the same period last year.
Operating Expenses were $4.2M, a decrease of $1.2M, or 22% as compared to the same period last year.
EBITDA was -$1.9M as compared to -$4M in the same period last year.
Net Income was -$6.6M compared to $1.4M in the same period last year. This includes a one-time $3.3M in non-cash financing costs related to our convertible debenture financing, and $800K in non-cash mark-to-market adjustment on our publicly listed securities. The prior year net income includes a $6.3M derivative liability gain on the valuation of our warrants.

Nine Months Ended September 30, 2020

Total Revenue was $4.1M, an increase of 65% as compared to the same period in prior year.
Gross Margin was 66%, as compared to 57% in the same period last year.
Operating Expenses were $12.3M, a decrease of $2.7M, or 18% as compared to the same period last year.
EBITDA was -$7.7M as compared to -$12.2M in the same period last year.
Net Income was -$14.9M compared to -$12.2M in the same period last year. This includes $5.3M in non-cash financing costs and $300K in non-cash mark-to-market adjustment on our publicly listed securities. The prior year includes a $359K in financing costs and $1.4M of derivative liability gain on the valuation of our warrants.

“As the Sequire platform continues to grow and adapt to customer needs, we are seeing a tremendous increase in our recurring revenue stream. Sequire is changing the way public issuers interact with and engage their investors, and it shows. We are pleased to report our first quarter of positive EBITDA from our Sequire segment,” said Chris Miglino, Founder and CEO of SRAX.

“The whole company is very proud of everything we’ve accomplished this quarter and is excited about the momentum we have going into quarter four. We acquired LD Micro, moved BIGToken to its own public company, and successfully sold our remaining MD asset, which was not on our balance sheet. Additionally, as we are seeing continued addition of our Sequire platform, SRAX is providing guidance of $4M in revenue for the fourth quarter,” Miglino added.

Conference Call:

Management will review the results on a conference call with a live question and answer session, November 16th, 2020, at 12:00 p.m. ET / 9:00 a.m. PT.

To access the live webcast and presentation, please register here: https://zoom.us/webinar/register/WN_Hj1BLJk9Rma0d-g4ZfBbVg

The webcast will be available on srax.com for at least 90 days. To dial-in to the conference call, please call US: +1 669 900 6833. Webinar ID: 942 4818 0377.

Non-GAAP Measures:

To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States (GAAP), we use the following non-GAAP financial measures: Adjusted EBITDA. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In addition, these measures may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business. For more information on our non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, please see the “Reconciliation of GAAP to Non-GAAP Results” table in this press release.

Adjusted EBITDA is defined as earnings before interest, taxes, depreciation and amortization, changes in the fair-value of derivative and warrant liabilities and certain additional one-time charges.

About SRAX:

SRAX (NASDAQ: SRAX) is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information on SRAX, visit srax.com.

Safe Harbor Statement:

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as “anticipate,” “plan,” “will,” “intend,” “believe” or “expect'” or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to increase our revenues, satisfy our obligations as they become due, report profitable operations and other risks and uncertainties as set forth in our Annual Report on Form 10-K for the year ended December 31, 2019, and our subsequent Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of SRAX and are difficult to predict. SRAX undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

	For the Three Months Ended September 30,
	Sequire				BIGToken				Corporate and Other				Consolidated
	2020		2019		2020		2019		2020		2019		2020		2019

Total Revenue	1,956,000		31,000		604,000		915,000		49,000		54,000		2,609,000		1,000,000

Cost of Revenue	650,000		–		230,000		335,000		–		(13,000	)	880,000		322,000
Gross profit	1,306,000		31,000		374,000		580,000		49,000		67,000		1,729,000		678,000
margin %	66.8	%	100.0	%	61.9	%	63.4	%	100.0	%	124.1	%	66.3	%	67.8	%

Operating expenses	1,128,000		96,000		1,140,000		3,171,000		1,930,000		2,102,000		4,198,000		5,369,000

Operating Income	178,000		(65,000	)	(766,000	)	(2,591,000	)	(1,882,000	)	(2,035,000	)	(2,470,000	)	(4,691,000	)


	For the Nine Months Ended September 30,
	Sequire				BIGToken				Corporate and Other				Consolidated
	2020		2019		2020		2019		2020		2019		2020		2019

Total Revenue	2,808,000		41,000		1,174,000		2,291,000		142,000		164,000		4,124,000		2,496,000

Cost of Revenue	896,000		–		491,000		1,013,000		1,000		62,000		1,388,000		1,075,000
Gross profit	1,912,000		41,000		683,000		1,278,000		141,000		102,000		2,736,000		1,421,000
margin %	68.1	%	100.0	%	58.2	%	55.8	%	99.3	%	62.2	%	66.3	%	56.9	%

Operating expenses	1,934,000		288,000		4,490,000		8,281,000		5,907,000		6,407,000		12,331,000		14,976,000

Operating Income	(22,000	)	(247,000	)	(3,807,000	)	(7,003,000	)	(5,766,000	)	(6,305,000	)	(9,595,000	)	(13,555,000	)

STATEMENT OF OPERATIONS
(Unaudited)			Three months ending September 30										Nine months ending June September 30
In dollars			2020			2019			$ CHG		% CHG		2020			2019			$ CHG		% CHG
REVENUE
Total revenues				2,609,000			1,001,000		1,608,000		161	%		4,125,000			2,497,000		1,628,000		65	%
COST OF REVENUES
		Total cost of revenues		880,000			322,000		558,000		173	%		1,388,000			1,075,000		313,000		29	%
Gross profit				1,729,000			679,000		1,050,000		155	%		2,737,000			1,422,000		1,315,000		92	%
Gross profit margin				66	%		68	%						66	%		57	%
OPERATING EXPENSES
	Employee related costs			1,689,000			2,162,000		(473,000	)	-22	%		5,406,000			6,730,000		(1,324,000	)	-20	%
	Marketing and selling expenses			809,000			1,115,000		(306,000	)	-27	%		1,631,000			2,202,000		(571,000	)	-26	%
	Platform Costs			391,000			453,000		(62,000	)	-14	%		1,181,000			1,159,000		22,000		2	%
	Depreciation and amortization			333,000			304,000		29,000		10	%		962,000			834,000		128,000		15	%
	General selling general and administrative			984,000			1,355,000		(371,000	)	-27	%		3,157,000			4,069,000		(912,000	)	-22	%
		Total operating expenses		4,206,000			5,389,000		(1,183,000	)	-22	%		12,337,000			14,994,000		(2,657,000	)	-18	%
(LOSS) INCOME FROM OPERATIONS				(2,477,000	)		(4,710,000	)	2,233,000		-47	%		(9,600,000	)		(13,572,000	)	3,972,000		-29	%
Financing Costs				(3,302,000	)		(108,000	)	(3,194,000	)	2957	%		(5,340,000	)		(359,000	)	(4,981,000	)	1387	%
Interest Income				–					–		n/a			–			–		–		n/a
Gain (loss) on sale of assets									–		n/a			–			395,000		(395,000	)	-100	%
Gain / (Loss) from marketable securities				(800,000	)				(800,000	)	n/a			(284,000	)		–		(284,000	)	n/a
Other gain (loss)				8,000					8,000		n/a			8,000			14,000		(6,000	)	-43	%
Loss on repricing of equity warrants									–		n/a						(342,000	)	342,000		-100	%
Change in fair value of derivative liabilities				–			6,227,000		(6,227,000	)	-100	%		321,000			1,390,000		(1,069,000	)	-77	%
(LOSS) INCOME BEFORE INCOME TAXES				(6,571,000	)		1,409,000		(7,980,000	)	-566	%		(14,895,000	)		(12,474,000	)	(2,421,000	)	19	%
Provision for income taxes				–			–							–			–
NET (LOSS) INCOME				(6,571,000	)		1,409,000		(7,980,000	)	-566	%		(14,895,000	)		(12,474,000	)	(2,421,000	)	19	%

NET (LOSS) INCOME PER SHARE, BASIC AND DILUTED			$	(0.45	)	$	(0.67	)	0.22		-32	%	$	(1.05	)	$	(0.67	)	(0.38	)	57	%
Weighted average shares used in computing net (loss) income per share, basic and diluted				14,479,519			12,933,585		1,545,934		12	%		14,186,721			12,965,773		1,220,948		9	%

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
(Unaudited)
In dollars			2020			2019			$ CHG		% CHG		2020			2019			$ CHG		% CHG

Net income (loss) – GAAP				(6,571,000	)		1,409,000		(7,980,000	)	-566	%		(14,895,000	)		(12,474,000	)	(2,421,000	)	19	%
Adjustments:
	Equity based compensation			268,000			423,000							916,000			870,000
	Adjustments to derivative liabilities			–			(6,227,000	)						(321,000	)		(1,390,000	)
	Interest expense and financing costs			3,302,000			108,000							5,340,000			359,000
	Depreciation and amortization			332,000			305,000							963,000			834,000
	Gain on Sale of Assets						–										(409,000	)
	Other income			(8,000	)									(4,000	)
	Gain / (Loss) from marketable securities			800,000			–							284,000

Adjusted EBITDA – NON GAAP				(1,877,000	)		(3,982,000	)	2,105,000		-53	%		(7,717,000	)		(12,210,000	)	4,493,000		-37	%

Balance Sheets (Unaudited)
In dollars				30-Sep-20	31-Dec-19
ASSETS
	Current Assets
		Cash		2,446,000	32,000
		Accounts receivable, net		1,260,000	805,000
		Prepaid expense		273,000	715,000
		Securities held for sale		4,800,000	–
		Other current assets		63,000	306,000
			Total current assets	8,842,000	1,858,000
		Property and equipment, net		134,000	191,000
		Goodwill		23,348,000	15,645,000
		Intangible assets, net		2,399,000	1,966,000
		Right-of-Use Asset		390,000	456,000
		Other assets		22,000	118,000
	Total Assets			35,135,000	20,234,000

LIABILITIES AND EQUITY
	Current Liabilities
		Accounts payable and accrued expenses		2,415,000	2,442,000
		Derivative liabilities		–	4,397,000
		Other current liabilities		6,850,000	537,000
		Payroll protection loan – current portion		548,000	–
		OID convertible debentures – current portion		3,683,000	–
	Total Current Liabilities			13,496,000	7,376,000
		Right-of-Use liability – long term		282,000	352,000
		Payroll protection loan, less current portion		578,000	–
		OID convertible debentures, less current portion		2,748,000	–
		Deferred Tax Liability		131,000

	Total Liabilities			17,235,000	7,728,000

	Stockholders’ equity			17,900,000	12,506,000

	Total liabilities and equity			35,135,000	20,234,000

STATEMENT OF CASH FLOWS
Nine months ended
(Unaudited)
In dollars			30-Sep-20		30-Sep-19
CASH FLOWS FROM OPERATING ACTIVITIES
	Net Cash Used in Operating Activities		(9,888,000	)	(12,555,000	)
CASH FLOWS FROM INVESTING ACTIVITIES
		Proceeds from the sale of marketable securities	397,000		–
		Proceeds from sale of SRAXmd, net	–		307,000
		Purchase of property and equipment	–		(66,000	)
		Development of software	(870,000	)	(892,000	)
		Acquisition of LD Micro, net	(697,000	)
		Other assets	13,000		(79,000	)
	Net Cash Used in investing activities		(1,157,000	)	(730,000	)
CASH FLOWS FROM FINANCING ACTIVITIES
		Net cash flows from debt activities	13,459,000		–
		Proceeds from the issuance of common stock units	–		12,197,000
		Proceeds from issuance of common stock for warrants exercised	–		1,146,000
	Net Cash provided by financing activities		13,459,000		13,343,000

	Net increase /(decrease) in cash and cash equivalents		2,414,000		58,000
	Cash and cash equivalents at beginning of period		32,000		2,785,000
	Cash and cash equivalents at end of period		2,446,000		2,843,000

View source version on businesswire.com: https://www.businesswire.com/news/home/20201116005477/en/

Bri Kelvin

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Data Management Communications Technology Software Finance Public Relations/Investor Relations

MEDIA:

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(Graphic: Business Wire)

November 16, 2020 9:18 am

Blink Charging Introduces Cable Management Solution for New and Existing EV Charger Locations

Cable Management Solution allows for a consumer-friendly charging experience while reducing the number of touchpoints on EV charging equipment
New product offering addresses the needs of the estimated $17.6 billion global EV charging infrastructure market*

Miami Beach, FL, Nov. 16, 2020 (GLOBE NEWSWIRE) — Blink Charging Co. (Nasdaq: BLNK, BLNKW) (“Blink” or the “Company”), a leading owner and operator of electric vehicle (EV) charging equipment and services, today announced the introduction of its innovative Cable Management Solution for use with both new Blink charging stations and retrofit installations of its IQ 200 charging stations.

The cable management product responds to the EV charging market demand for flexible EV charging equipment configurations. The elegant solution effortlessly maintains the equipment’s cords promoting safety around charging stations and ongoing preventative maintenance of EV chargers.

“This new product offering speaks to what Blink is all about—being the most flexible and resourceful EV charging company. We pride ourselves on responding to the needs of our host locations,” remarked Michael D. Farkas, Founder and Chief Executive Officer of Blink.

The cable management system is compatible with both the rectangular and triangular pedestal charging stations for new deployments and installed equipment. It also works with wall or pedestal mounted chargers, keeping the charging cable off the ground while providing convenience for consumers charging their EVs. The system includes a retraction mechanism modeled after traditional gas pump designs, ensuring ease of use for familiar gas pump operations. Additionally, the cable management system eliminates an EV driver’s need to wrap the charging cable around the pedestal, saves time for drivers, and minimizes tripping hazards. Many fleet operations and large RFPs from utilities and municipalities increasingly require cable management solutions, and Blink is pleased to be able to address these requirements in an elegant and slim design.

“As a leader in the EV industry, product innovation is a primary and vital focus for our Company. Whether it is the 80-amp Blink IQ 200 charger, our local load-sharing capabilities, our innovative portable emergency EV chargers, or this Cable Management Solution, we are committed to expanding the portfolio of our products. Our product and technology solutions will benefit the EV industry as a whole,” commented Josh Winkler, Blink’s Senior Vice President of Product and Technology.

The Company has indicated that it has been investing in the continued expansion of its EV charging product line-up with additional product innovations expected. Those new products will add to the recent announcements, including the development of solar, off-grid, modular EV charging with SG Blocks, and high-power inductive DC fast charging systems with EnerSys.

The new Cable Management Solution is available for new or existing equipment hosts. More information is available by contacting the Company or visiting its website at BlinkCharging.com.

###

Pictured ABove: The Cable Management Solution that uses a swivel and pulley system to keep charging cables off the ground

ABOUT BLINK CHARGING

Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed over 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of its charging locations worldwide. The Company’s principal line of products and services is its Blink EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network utilizes a proprietary cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million by 2025 from approximately 2 million in 2019, the Company has established key strategic partnerships to roll out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, healthcare/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit https://www.blinkcharging.com/.

Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” or other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

Source

Technavio, Electric Vehicle Charging Infrastructure Market by Type and Geographic Landscape – Forecast and Analysis 2020-2024.
https://www.technavio.com/report/electric-vehicle-charging-infrastructure-market-industry-analysis

Blink Media Contact

[email protected]

Blink Investor Relations Contact

[email protected]

855-313-8187

Attachment

Cable Management Solution

November 16, 2020 9:18 am

Annovis Bio to Participate in A.G.P.’s Virtual Healthcare Symposium

BERWYN, Pa., Nov. 16, 2020 (GLOBE NEWSWIRE) — Annovis Bio Inc. (NYSE American: ANVS), a clinical-stage drug platform company addressing Alzheimer’s disease (AD), Parkinson’s disease (PD) and other neurodegenerative diseases, today announced its CEO, Maria Maccecchini, Ph.D. and CFO, Jeff McGroarty, MBA, CPA, will participate in A.G.P.’s Virtual Healthcare Symposium on Thursday, November 19, 2020.

Dr. Maccecchini and Mr. McGroarty will host virtual one-on-one meetings with investors to discuss Annovis Bio’s development pipeline, recent achievements, and upcoming milestones. Investors registered to attend the conference are invited to request meeting times.

For questions and inquiries regarding the conference or to register for a one-on-one meeting, please, contact a registered A.G.P. representative or email A.G.P. Events at [email protected].

About Annovis Bio

Headquartered in Berwyn, Pennsylvania, Annovis Bio, Inc. (Annovis) is a clinical-stage, drug platform company addressing neurodegeneration, such as Alzheimer’s disease (AD), Parkinson’s disease (PD) and Alzheimer’s in Down Syndrome (AD-DS). We believe that we are the only company developing a drug for AD, PD and AD-DS that inhibits more than one neurotoxic protein and, thereby, improves the information highway of the nerve cell, known as axonal transport. When this information flow is impaired, the nerve cell gets sick and dies. We expect our treatment to improve memory loss and dementia associated with AD and AD-DS, as well as body and brain function in PD. We have an ongoing Phase 2a study in AD patients and have commenced a second Phase 2a study in AD and PD patients. For more information on Annovis, please visit the company’s website: www.annovisbio.com.

Forward-Looking Statements

Statements in this press release contain “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “expect,” “believe,” “will,” “may,” “should,” “estimate,” “project,” “outlook,” “forecast” or other similar words, and include, without limitation, statements regarding the timing, effectiveness and anticipated results of ANVS401 clinical trials. Forward-looking statements are based on Annovis Bio, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate, including that clinical trials may be delayed. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Annovis Bio, Inc. undertakes no duty to update such information except as required under applicable law.

Investor Relations:

Dave Gentry, CEO
RedChip Companies Inc.
407-491-4498
[email protected]

SOURCE: Annovis Bio, Inc.

November 16, 2020 9:18 am

Rideshare Rental, Inc., Formerly YayYo, Inc., Announces Results for Q3 2020

Highlights

Q3 2020
revenue
w
as
up
21.5% over Q3 2019
,
hitting the highest
quarterly
r
evenue in the company’s history

Q3 2020 revenue was up 31.0% over Q2 2020, marking a significant recovery from the COVID-19 shutdown

Gross margin for Q3 2020 was 42.3% up from 37.9% in Q3 2019

BEVERLY HILLS, Calif., Nov. 16, 2020 (GLOBE NEWSWIRE) — Rideshare Rental, Inc. (“RSR” or the “Company”) (Other OTC :YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, through its wholly-owned subsidiary, Rideshare Car Rentals, LLC, today announced financial results for the quarter ended September 30, 2020.

“We are very pleased with our performance in Q3 2020,” commented Ramy El-Batrawi, CEO. “Although the COVID-19 shutdowns caused our quarterly revenue to decrease in the beginning of the second quarter of 2020 compared to the same period in 2019, we saw a positive upward movement in revenue by the end of the second quarter. Q3 was up 21% year over year and was up 31% over Q2 2020, hitting the highest quarterly revenue in the Company’s history. Gross margins grew to 42% up from 38% from Q3 2019, making the Company’s core rental operations profitable before taking into account corporate overhead and one-time costs.”

“This significant increase in revenue is a result of our immediate pivot in marketing to the delivery gig industry, a sector which continued activity throughout the COVID-19 shutdown. With Proposition 22 passing that established workers as independent contractors, superseding a California law that aimed to make gig workers, including ride-hailing and food delivery drivers, employees with full benefits, will create more demand as drivers make more money. This is important because the majority of our fleet are in California. We anticipate seeing continued growth in revenue as we add more cars, demand is strong not only in California but also in all cities we service. We are running at a 95% utilization rate on available cars to rent in all areas,” CEO Ramy El-Batrawi added.

Rideshare Car Rentals LLC, our wholly-owned subsidiary, is an online rideshare vehicle booking platform to service the ridesharing and delivery gig economy which includes both our owned-fleet and third party fleets.

Fleet Management

Distinct Cars LLC, our wholly-owned subsidiary, maintains a fleet of passenger vehicles that are commercially available for rent by gig-economy drivers.

About Rideshare Rental, Inc.

Rideshare Rental, Inc. bridges the gap between rideshare drivers in need of a suitable vehicle and rideshare companies that depend on attracting and keeping drivers. Rideshare Rental, Inc. uniquely supports drivers in both the higher and lower economic categories with innovative policies and programs. Rideshare Rental, Inc. is a leading provider of rental vehicles to drivers in the ever-expanding gig economy.

Rideshare Rental, Inc. provides SEC filings, investor events, press and earnings releases about our financial performance on the investor relations section of our website (www.yayyo.com).

Forward-Looking Statement Disclaimer

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

Public Relations Contact

Ramy El-Batrawi
Phone: 888-209-5643
Email: [email protected]

RIDESHARE RENTAL, INC. (FORMERLY YAYYO, INC.)

CONDENSED CONSOLIDATED BALANCE SHEETS

As of September 30, 2020 and December 31, 2019

	September 30,			December 31,
	2020			2019
	(unaudited)
ASSETS
Current Assets:
Cash	$	84,732		$	1,256,429
Accounts receivable		53,338			59,331
Prepaid expenses		431,973			782,900
Total current assets		570,043			2,098,660

Equipment, net		2,280			3,395
Rental vehicles, net		7,140,289			4,737,047
Deposit on vehicles		–			164,080
Other assets		200,000			200,000
TOTAL ASSETS	$	7,912,612		$	7,203,182

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities:
Accounts payable (including $692,386 and $394,183 to related party)	$	1,453,305		$	545,254
Accrued expenses (including $0 and $171,665 to related party)		432,815			405,977
Notes payables, current (net of discount of $4,570 and $32,289)		497,872			287,378
Advance from related party		50,000			–
Finance lease obligations, current		1,689,534			1,416,446
Total current liabilities		4,123,526			2,655,055

Note payable, net of current portion		149,900			–
Finance lease obligations, net of current portion		1,978,238			984,119

TOTAL LIABILITIES		6,251,664			3,639,174

Commitments and contingencies		–			–

STOCKHOLDERS’ DEFICIT
Preferred stock, $0.000001 par value; 10,000,000 shares authorized; nil shares issued and outstanding		–			–
Common stock, $0.000001 par value; 90,000,000 shares authorized; 31,981,374 and 29,427,803 shares issued and outstanding		32			29
Additional paid-in capital		29,708,377			28,735,894
Accumulated deficit		(28,047,461	)		(25,171,915	)
Total stockholders’ deficit		1,660,948			3,564,008
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	7,912,612		$	7,203,182

RIDESHARE RENTAL, INC. (FORMERLY YAYYO, INC.)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

For the Three and Nine Months Ended September 30, 2020 and 2019 (unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019

Revenue	$	2,070,821		$	1,718,439		$	5,399,018		$	5,193,957

Cost of revenue		1,194,957			1,067,373			3,891,307			3,111,614

Gross profit		875,864			651,066			1,507,711			2,082,343

Operating expenses:
Selling and marketing expenses		113,904			80,039			324,546			182,645
General and administrative expenses		1,088,152			761,151			3,845,768			2,221,962
Loss on the settlement of debt		–			–			–			252,900
Total operating expenses		1,202,056			841,190			4,170,314			2,657,507

Loss from operations		(326,192	)		(190,124	)		(2,662,603	)		(575,164	)

Other income (expense):
Interest and financing costs		(65,292	)		(180,531	)		(212,943	)		(792,406	)
Total other income (expense)		(65,292	)		(180,531	)		(212,943	)		(792,406	)

Net loss	$	(391,484	)	$	(370,655	)	$	(2,875,546	)	$	(1,367,570	)

Weighted average shares outstanding :
Basic		31,981,374			26,802,803			30,828,676			26,774,636
Diluted		31,981,374			26,802,803			30,828,676			26,774,636

Loss per share
Basic	$	(0.01	)	$	(0.01	)	$	(0.09	)	$	(0.05	)
Diluted	$	(0.01	)	$	(0.01	)	$	(0.09	)	$	(0.05	)

RIDESHARE RENTAL, INC. (FORMERLY YAYYO, INC.)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

For the Three and Nine Months Ended September 30, 2020 and 2019 (unaudited)

						Additional					Total
	Common Stock					Paid-in		Accumulated			Stockholders’
	Shares			Amount		Capital		Deficit			Equity (Deficit)
Balance, December 31, 2019		29,427,803		$	29	$	28,735,894	$	(25,171,915	)	$	3,564,008

Stock option expense							457,242					457,242
Net loss									(1,761,220	)		(1,761,220	)

Balance, March 31, 2020		29,427,803			29		29,193,136		(26,933,135	)		2,260,030

Issuance of common stock for cash		2,553,571			3		274,997					275,000
Net loss									(722,842	)		(722,842	)

Balance, June 30, 2020		31,981,374			32		29,468,133		(27,655,977	)		1,812,188

Stock option expense							240,244					240,244
Net loss									(391,484	)		(391,484	)

Balance, September 30, 2020		31,981,374		$	32	$	29,708,377	$	(28,047,461	)	$	1,660,948

Balance, December 31, 2018		26,718,676		$	27	$	19,193,151	$	(21,241,694	)	$	(2,048,516	)

Issuance of common stock for settlement of debt		80,000					640,000					640,000
Net loss									(579,463	)		(579,463	)

Balance, March 31, 2019		26,798,676			27		19,833,151		(21,821,157	)		(1,987,979	)

Issuance of common stock for settlement of debt		4,300					34,400					34,400
Net loss									(417,452	)		(417,452	)

Balance, June 30, 2019		26,802,976			27		19,867,551		(22,238,609	)		(2,371,031	)

Correction to outstanding shares		(173	)
Net loss									(370,655	)		(370,655	)

Balance, September 30, 2019		26,802,803		$	27	$	19,867,551	$	(22,609,264	)	$	(2,741,686	)

RIDESHARE RENTAL, INC. (FORMERLY YAYYO, INC.)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Nine Months Ended September 30, 2020 and 2019 (unaudited)

	2020			2019

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(2,875,546	)	$	(1,367,570	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization		1,047,075			730,610
Stock option expense		697,486			–
Common stock issued for services		–			–
Amortization of debt discounts		27,719			29,860
Loss on the settlement of debt		–			252,900
Changes in operating assets and liabilities:
Accounts receivable		5,993			(78,643	)
Prepaid expenses		350,927			1,394
Accounts payable		908,051			(419,958	)
Accrued expenses		26,838			697,518
Net cash provided by (used in) operating activities		188,543			(153,889	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable		342,675			1,951,300
Proceeds from sale of common stock		275,000			–
Proceeds from advance from related party		200,000			–
Repayment of advance from related party		(150,000	)		–
Repayment of notes payable		(10,000	)		(967,652	)
Repayment of finance lease obligations		(2,017,915	)		(1,025,863	)
Net cash used in financing activities		(1,360,240	)		(42,215	)

NET INCREASE (DECREASE) IN CASH		(1,171,697	)		(196,104	)

CASH, BEGINNING OF PERIOD		1,256,429			277,444

CASH, END OF PERIOD	$	84,732		$	81,340

CASH PAID FOR:
Interest	$	185,224		$	715,250
Income taxes	$	–		$	–

SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES
Payment of accounts payable/accrued expenses with common stock	$	–		$	421,500
Value of equity recorded as debt discounts	$	–		$	–
Finance lease obligations	$	3,400,922		$	510,136

November 16, 2020 9:18 am

CurrencyWorks to Host Shareholder Update Call

Los Angeles, Nov. 16, 2020 (GLOBE NEWSWIRE) — CurrencyWorks Inc. (“CWRK”) (TSXV and OTCQB: CWRK), builds and operates FinTech platforms that include solutions for Digital Currencies, Security Tokens and Digital Assets that reduce costs, increase transactions, liquidity and drives user engagement announced today that it will host a virtual-only shareholder update call on November 19th, 2020 at 1PM PST/4PM EST.

The shareholder update call will be facilitated by CurrencyWorks Chairman, Cameron Chell.

He will be joined by Bruce Elliott, President, Currency Works and Ed Moy, Director, Currency Works, 38th Director of the United States Mint and former senior White House Staffer under President Bush.

The team will provide an update on the state of the industry, CurrencyWork’s current projects, customers, recent sales and the future-state road map.

Registration for the call can be done here.

The Company will answer questions at the conclusion of prepared remarks. Investors are asked to submit their questions to [email protected]

About CurrencyWorks

CurrencyWorks Inc. (TSX: CWRK and OTCQB: CWRK) is a publicly-traded company redefining the FinTech value chain for customer attraction, engagement and retention by building and operating platforms for Digital Currencies, Security Tokens and Digital Assets that reduce costs, increase transactions and liquidity as well as drives user engagement.

For more information on CurrencyWorks, please visit us at: www.currencyworks.io. For additional investor info visit www.currencyworks.io or www.sedar.com and www.sec.gov searching CWRK.

Media Contact

Arian Hopkins
[email protected]

Company Contact
Bruce Elliott, President
Phone: 424-570-9446
[email protected]

Investor Inquiries
Phone: 424-570-9446 ext. 8
[email protected]

November 16, 2020 9:18 am

Brownie’s Marine Group Announces 98.6% Increase in Net Revenues, 3.3% Net Profit Margin for Fiscal Third Quarter 2020

POMPANO BEACH, FL, Nov. 16, 2020 (GLOBE NEWSWIRE) — Brownie’s Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment and high pressure air and industrial compressors in the marine industry, today announced results for the fiscal third quarter and nine months ending September 30, 2020.

“Brownie’s had a strong third quarter despite the challenges facing the country and the economy thus far in 2020. We believe that COVID19 has brought families back together and looking for outdoor, fun activities that they can share as a family unit. In our primary market of warm water destinations, we believe that the Brownie’s Third Lung and Nemo systems are the perfect family fun activity.” said Christopher Constable, Chief Executive Officer. “The third quarter showed a great recovery from Q2, and we can feel the momentum building for our products. The Nemo product line is finding acceptance across the globe and has developed a great platform to help complete the vertical integration of the diving experience. The company is in a great cash position heading into the fourth quarter, and is focusing on flattening our seasonality curve by focusing on sub-equatorial geographical diving areas that will expand demand during the traditionally winter months in the US.”

3rd Fiscal Quarter Highlights

Net Revenues increased 98.6% to $1.7 million versus $.8 million last year;
Net Income was $.05 million versus a loss of $.32 million last year;
Adjusted Net Income was $309,200 versus ($113,000) in the same period last year; and
At the close of the third quarter, cash and cash equivalents totaled $769,600, and a working capital balance of $770,236.

Nine Months ended September 30, 2020 Highlights

Net Revenues increased 62.3% to $3.6 million versus $2.2 million last year;
Revenue from BLU3, launched in Q4, 2019, contributed $1.1 million for the nine months ended September 30, 2020 or 79% of overall growth. The BLU Vent project accounted for 15.8% of consolidated revenues for the nine month period.
Net Loss through Q3, 2020 was ($0.6) million versus ($0.8) million for Q3 last year; and
Adjusted Net Income for the nine months ending September 30, 2020 was $371,500 versus ($468,400) in the same period last year.

Select Financial Metrics: Fiscal 3rd Quarter and Nine Months Ended

September 30, 2020 Comparisons

(in thousands)	Q320		Q319			Change		YTD20			YTD19			Change
Total Net Revenues	$	1,670.6	$	841.4		98.6	%	$	3,626.0		$	2,233.6		62.3	%
Legacy SSA Products – Brownies Third Lung	$	1,271.7	$	683.0		86.2	%	$	2,192.2		$	1,762.5		24.4	%
High Pressure Gas Systems – LW Anerica’s	$	79.0	$	158.4		-50.1	%	$	352.4		$	471.1		-25.2	%
Ultra-Portable Tankless Dive Systems – Blu3	$	320.2	$	0.0		NM		$	1,081.4		$	0.0		NM
Operating Income (loss)	$	59.0	($	319.9	)	118.4	%	($	639.5	)	($	820.5	)	22.1	%
Net Income (loss)	$	56.5	($	322.0	)	117.5	%	($	654.2	)	($	826.3	)	20.8	%
Adjusted Net Income (loss)	$	309.9	($	11330	)	373.6	%	$	371.5		($	468.4	)	179.3	%
NM = not measurable/meaningful

Q4 2020 Commentary

“We have great momentum heading into the fourth quarter. We are looking to see further value come from our digital marketing program with Figment Design, and are expecting big things from our Nemo products as we head into the holiday season” says Robert M. Carmichael, President and Chairman of the Board, “We expect our partnership with Amazon,com along with other methods to get the Nemo in front of the public during the holidays to expand our customer base and bring an entire new group of divers into the market.”

Non-GAAP Financial Measures

This press release includes certain financial measures that exclude the impact of certain items and therefore have not been calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). We report adjusted net income (loss) to measure our overall results because we believe it better reflects our net results by excluding the impact of non-cash equity-based compensation. We believe the presentation of adjusted net income (loss) enhances our investors’ overall understanding of the financial performance of our business.

We believe that investors should have access to the same set of tools that we use in analyzing our results. This non-GAAP measure should be considered in addition to results prepared in accordance with GAAP but should not be considered a substitute for or superior to GAAP results.

The following is an unaudited reconciliation of adjusted net income (loss) to net income (loss) for the periods presented:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2020		2019			2020			2019
Net income (loss)	$	56,535	$	(321,964	)	$	(654,200	)	$	(826,315	)
plus:
Stock issued for services		28,046		102,875			250,721			252,127
Stock-based compensation incentive bonus shares issued to CEO and employees		5,862		—			241,670			—
Stock-based compensation – options		218,505		105,761			533,300			105,761
Adjusted net income (loss)	$	308,948	$	(113,328	)	$	371,491		$	(468,427	)

About Brownie’s Marine Group

Brownie’s Marine Group, Inc., is the parent company to a family of innovative brands with a unique concentration in the industrial, and recreational diving industry. The Company, together with its subsidiaries, designs, tests, manufactures, and distributes recreational hookah diving, yacht-based scuba air compressors and nitrox generation systems, and scuba and water safety products in the United States and internationally. The Company has three subsidiaries: Trebor Industries, Inc., founded in 1981, dba as “Brownie’s Third Lung”; BLU3, Inc.; and Brownie’s High-Pressure Services, Inc., dba LW Americas. The Company is headquartered in Pompano Beach, Florida.

For more information, visit: www.BrowniesMarineGroup.com.

Safe Harbor Statement

This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 as filed with the Securities and Exchange Commission (the “SEC”) and our other periodic and quarterly filings with the SEC.

Source: Brownie’s Marine Group, Inc.
Contact Information: (954)-462-5570
[email protected]

November 16, 2020 9:16 am

IIROC Trading Halt – GRAT

Canada NewsWire

VANCOUVER, BC, Nov. 16, 2020 /CNW/ – The following issues have been halted by IIROC:

Company: Gratomic Inc.

TSX-Venture Symbol: GRAT

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:58 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

November 16, 2020 9:13 am

NSF-ISR Information Security Program Poised to Become a Leader in Protecting the DoD Supply Chain

Tony Giles and Rhia Dancel are certified for new Department of Defense supply chain cybersecurity program

ANN ARBOR, Mich., Nov. 16, 2020 (GLOBE NEWSWIRE) — The Cybersecurity Maturity Model Certification (CMMC) program at NSF International Strategic Registrations (NSF-ISR) is poised to become among the first to help secure controlled unclassified information for the Department of Defense (DoD) supply chain following certification of two key personnel.

Tony Giles, NSF-ISR Business Lead for Information Security, has been certified as Provisional Assessor within the new national CMMC program. Rhia Dancel, NSF-ISR Technical Manager, has been certified as a CMMC Registered Practitioner. Giles is one of the first in a group of 72 in the country selected for Provisional Assessor training and certification by the Cybersecurity Maturity Model Certification Accreditation Board.

These achievements pave the way for NSF-ISR to continue its focus on becoming a CMMC accredited program as a CMMC Third-Party Assessor Organization (C3PAO). NSF-ISR is an NSF International company.

“We are incredibly proud of Tony and Rhia for all the hard work required to earn these certifications, which further enhance NSF-ISR’s credibility and deep experience in information security,” said Jennifer Morecraft, NSF-ISR Global Managing Director. “NSF-ISR is committed to working with Defense Industrial Base companies to certify the protection of records within the supply chain.”

The new Department of Defense CMMC program will ensure companies in the DoD supply base maintain adequate information security measures to protect the nation’s controlled unclassified information.

By spring 2021, commercial assessments will begin. By 2025 the DoD will require all suppliers to be certified to the appropriate CMMC level as a matter of national security. Examples of controlled unclassified information are blueprints for parts of new defense aircraft or specifications for military uniforms.

As a Provisional Assessor, Giles will conduct CMMC certification assessments of DoD suppliers. As a Registered Practitioner, Dancel will participate as an assessment team member during the provisional period and support NSF-ISR’s program development.

The new certifications further extend NSF-ISR’s expertise in information security. NSF-ISR also provides certification to ISO/IEC 27001, IEC/ISO 20000-1, NIST 800-171 and CSA STAR.

NSF-ISR will deliver an informational CMMC webinar in early December. The webinar will target CMMC levels 1-3 and offer important information for suppliers seeking CMMC certification. For more details, join NSF-ISR’s CMMC mailing list.

NSF-ISR certifies quality and management systems in the automotive, aerospace, chemical, energy, food, medical and manufacturing industries.

Additional information about the Cybersecurity Maturity Model Certification may be found at https://www.acq.osd.mil/cmmc/.

About NSF International Strategic Registrations (NSF-ISR)

NSF International Strategic Registrations (NSF-ISR, www.nsf-isr.org) is a leading global certification body known for its superior technical expertise and customer satisfaction. Through the highest level of integrity, the NSF-ISR mark is known as the gold standard of the certification industry. NSF-ISR offers comprehensive management systems registrations to internationally accepted standards for quality assurance and environmental protection for the automotive, aerospace, chemical, energy, medical and manufacturing industries (e.g. ISO 9001, ISO 14001, ISO 45001, AS9100, IATF 16949, etc.).

Attachments

Fran LeFort
NSF International
+1 734 773 4253
[email protected]

November 16, 2020 9:13 am

Scientific Games’ New, Expanded Contract Enters Five Decades Of Supplying No. 1 Massachusetts Lottery With Instant Games

U.S. Company’s New Five-Year Contract with World’s Leading Instant Game Lottery Includes Player Digital Engagement to Help Protect Revenues

PR Newswire

LAS VEGAS and ATLANTA, Nov. 16, 2020 /PRNewswire/ — Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) announces it has been awarded a new, five-year contract from the Massachusetts State Lottery Commission (MSLC) to supply the Massachusetts Lottery (“Mass Lottery” or the “Lottery”) with its world-leading instant games, second chance promotions and digital engagement programs. Scientific Games’ new contract, which may be extended up to two years by MSLC, is expanded to include consumer digital services that will engage players through exciting second chance game features and help the Lottery protect and grow revenues for the Commonwealth.

U.S.-based Scientific Games currently creates and produces 96% of the Mass Lottery’s instant games. In fiscal year 2020, the Company’s products generated $3 billion of the Mass Lottery’s $3.6 billion in total instant game retail sales. In fiscal year 2021 which began July 1, 2020, Scientific Games has helped the Mass Lottery grow instant game sales by 11.3% or $99.7 million.

“The combined expertise of the Mass Lottery team and the teams at Scientific Games has resulted in great instant game entertainment that has generated strong revenues to benefit programs in the Commonwealth,” said Ed Farley, Chief Marketing Officer for MSLC. “We look forward to continuing this partnership and working to expand player digital engagement.”

The Company produced the Mass Lottery’s very first instant game in 1974 and its products and expertise helped grow the Mass Lottery to the No. 1 instant game lottery in the world (La Fleur’s Almanac, 2019 per capita sales). One of the Lottery’s franchise games, 50-100-500Blowout created by Scientific Games, generated record retail sales in the Commonwealth, its success spurring other lottery jurisdictions to offer the game to players.

With more and more players moving to digital game entertainment, Scientific Games will work with the Mass Lottery on additional second-chance promotions, like the JAMES BOND™ LOTTERY CHALLENGE, played through desktop and mobile applications as well as important digital engagement initiatives that meet players where they are.

“It goes without saying that the Mass Lottery has been the highest performing instant game lottery in the world for many years and continues to set the bar for lotteries around the globe. We are extremely proud of the results of this trusted business partnership over the past four decades,” said John Schulz, Senior VP, Lottery Instant Products for Scientific Games. “Our 2^nd chance and digital services are second to none, and we look forward to further expanding Scientific Games’ services to player engagement in online/mobile channels in Massachusetts.”

Scientific Games launched the world’s first secure retail instant game in 1974, the first digital instant game in the U.S. in 2014, and is the leading provider of lottery interactive games, mobile apps, player loyalty programs and other interactive products and services in the U.S. lottery industry. The Company provides games, technology and services to more than 150 lotteries around the globe, including nearly every North American lottery.

About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.

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Forward-Looking Statements
In this press release, Scientific Games makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will,” “may,” and “should.” These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the “SEC”), including Scientific Games’ current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on February 18, 2020 (including under the headings “Forward-Looking Statements” and “Risk Factors”). Forward-looking statements speak only as of the date they are made and, except for Scientific Games’ ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.

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SOURCE Scientific Games Corporation