Market Newsdesk

SAN FRANCISCO, Nov. 24, 2020 (GLOBE NEWSWIRE) — Sunrun, the nation’s leading residential solar, storage and energy services provider today announces five environmental justice initiatives to expand access to solar and its benefits. The efforts include advocating for more social equity in solar policies, removing financial barriers to solar, and hiring from disadvantaged communities.

“Sunrun’s mission is to create a planet run by the sun,” said Lynn Jurich, Sunrun’s Chief Executive Officer and co-founder. “We’re working with leading non-profit organizations around the country to ensure no one is left behind as we build the clean energy future.”

Sunrun Environmental Justice Partnerships:

Blacks in Green, Chicago – Sunrun and Blacks in Green (BIG), an environmental economic development organization designed to tackle pollution and poverty in Chicago’s underserved communities, are continuing to work together for a second consecutive year. Sunrun is excited to partner with BIG to expand career opportunities in the growing solar industry. Sunrun and BIG will work together to expand access to no-cost solar programs for income-eligible families through the Illinois Solar for All Program.

Grid Alternatives – Sunrun is nearing its 10th year partnering with GRID Alternatives, a national non-profit leader in making renewable energy technology and job training accessible to underserved communities. In 2019 alone, Sunrun and GRID installed 5 megawatts of solar for 1,178 low-income families, which will provide $25 million in lifetime savings. Sunrun and GRID are offering 100% free battery systems to low-income customers in wildfire-prone regions of California this year to provide much-needed backup power when the grid is down. The batteries are funded through California’s Self-Generation Incentive Program (SGIP) Equity Resiliency Budget.

Rising Sun Center for Opportunity – Sunrun is partnering with the Rising Sun Center for Opportunity, an Oakland-based non-profit building career pathways for economic equity and climate resilience. From Oakland to Stockton and the Central Valley, the organization serves as a green training, employment, and residential energy efficiency organization grounded in equity. Sunrun is also exploring opportunities to hire from Rising Sun’s Opportunity Build program, which provides free construction job training and placement to adults facing barriers to employment.

WE ACT – Sunrun is partnering with WE ACT for Environmental Justice, a nationally-recognized, Northern Manhattan based organization that advocates for fair environmental health policies for people of color and low-income families. The purpose of the partnership is to advocate for state, local, and federal policies that expand access to solar, grid resiliency, and economic empowerment for people of color and low-income families.

About Sunrun

Sunrun Inc. (Nasdaq: RUN) is the nation’s leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun’s innovative home battery solution, Brightbox, brings families affordable, resilient, and reliable energy. The company can also manage and share stored solar energy from the batteries to provide benefits to households, utilities, and the electric grid while reducing our reliance on polluting energy sources. For more information, please visit www.sunrun.com.

Sunrun Contact:

Wyatt Semanek
Public Relations Manager
[email protected]
(480) 751-9286

Sunrun Investor & Analyst Contact:

Patrick Jobin
Vice President, Finance & Investor Relations
[email protected]
(415) 373-5206

Results Featured in

Inside GNSS

Article on
CAST Navigation
GNSS/INS Simulators

ALHAMBRA, CA, Nov. 24, 2020 (GLOBE NEWSWIRE) — EMCORE Corporation (Nasdaq: EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband communications markets, announced today that it achieved success in an ultra-high-altitude flight simulation that was featured in an article about CAST Navigation titled “A True Reference” in the September-October issue of Inside GNSS. CAST Navigation builds simulators for testing and validating GNSS/INS performance in high-end navigation systems and EMCORE’s SDN500 INS (Inertial Navigation System) was tested in the simulation for the article.

Click here

for the complete article.

EMCORE relies on GNSS/INS simulators for hardware-in-the-loop testing to verify the expected performance of algorithms. In the test discussed in this article, EMCORE sought to validate the velocity and altitude limits of a new GNSS receiver along with the algorithm performance in a tactical grade SDN500 system. In the final analysis, the GNSS receiver and navigation algorithm was confirmed to operate as expected throughout the operation for all three of the customer’s dynamic constraint scenarios.

“We were extremely pleased to demonstrate how EMCORE takes advantage of the functionality contained in the CAST simulator to prove-out our robust product performance in customer environments,” said David Hoyh, EMCORE’s Director of Sales & Marketing for navigation products. “I would like to thank Inside GNSS and CAST Navigation for the opportunity to contribute and promote the SDN500,” added Mr. Hoyh.

This test requires simulating performance at an altitude over 24,000 meters and velocities over 600 m/s. Only a few aircraft in the world have such capabilities including the SR-71 Blackbird, but it is not practical to participate in a test flight on the SR-71. Simulating the SDN500 INS test flight to specific customer profiles on a CAST system is straightforward and cost-effective. Testing began with a stationary period on the ground while the SDN500 initializes and transitions into air navigation mode. Then the flight trajectory entered a series of maneuvers, speed, and altitude changes that provided observability for various parameters with corresponding changes in the calculated figures.

Andy Williams, Senior Field Application Engineer at EMCORE who spearheaded the effort, explains, “During the times when there was no valid solution from the GNSS receiver, the algorithm maintained an accurate solution using only the data from the IMU (Inertial Measurement Unit). In addition, there was no algorithm instability or discontinuity when the GNSS receiver resumed, providing a solution to the algorithm. Throughout this entire profile, even when GNSS signal is lost, the SDN500 maintains an accurate navigation solution. This test is not possible without the synchronized GNSS radio frequency and trajectory matching IMU data provided by the CAST system.”

For further information and specifications on EMCORE’s SDN500 INS and our complete line of navigation products, call +1 866-234-4976; e-mail: [email protected]; or visit us on the web: www.emcore.com/nav.

Source: “A True Reference. Theory Meets Reality in Synchronized Simulation Environments” Inside GNSS, Volume 15/Number 5, September/October 2020, Pages 28, 29, 30.

About EMCORE

EMCORE Corporation is a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband communications markets. Our best-in-class components and systems support a broad array of applications including navigation and inertial sensing, defense optoelectronics, broadband transport, 5G wireless infrastructure, optical sensing, and cloud data centers. We leverage industry-leading Quartz MEMS, Lithium Niobate, and Indium Phosphide chip-level technology to deliver state-of-the-art component and system-level products across our end-market applications. EMCORE has vertically-integrated manufacturing capability at its wafer fabrication facility in Alhambra, CA, and Quartz MEMS manufacturing facility in Concord, CA. Our manufacturing facilities maintain ISO 9001 quality management certification, and we are AS9100 aerospace quality certified at our facility in Concord. For further information about EMCORE, please visit http://www.emcore.com.

Forward-looking statements:

The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include statements regarding EMCORE’s plans, strategies, business prospects, growth opportunities, changes, and trends in our business and expansion into new markets. These forward-looking statements are based on management’s current expectations, estimates, forecasts, and projections about EMCORE and are subject to risks and uncertainties that could cause actual results and events to differ materially from those stated in the forward-looking statements, including without limitation, the following: (a) uncertainties regarding the effects of the COVID-19 pandemic and the impact of measures intended to reduce its spread on our business and operations, which is evolving and beyond our control; (b) the rapidly evolving markets for EMCORE’s products and uncertainty regarding the development of these markets; (c) EMCORE’s historical dependence on sales to a limited number of customers and fluctuations in the mix of products and customers in any period; (d) delays and other difficulties in commercializing new products; (e) the failure of new products: (i) to perform as expected without material defects, (ii) to be manufactured at acceptable volumes, yields, and cost, (iii) to be qualified and accepted by our customers, and (iv) to successfully compete with products offered by our competitors; (f) uncertainties concerning the availability and cost of commodity materials and specialized product components that we do not make internally; (g) actions by competitors; and (h) other risks and uncertainties discussed under Item 1A – Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 30, 2019, as updated by our subsequent periodic reports. Forward-looking statements contained in this press release are made only as of the date hereof, and EMCORE undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

EMCORE Corporation

David Hoyh
Director, Sales & Marketing
(925) 979-4503
[email protected]

Investor

Tom Minichiello
Chief Financial Officer
(626) 293-3400
[email protected]

Media

Joel Counter
Director, Corporate & Marketing Communications
(626) 999-7017
[email protected] 

– Duty Graded Bonded Ammunition for Patrol and Precision Rifles –

SCOTTSDALE, Ariz., Nov. 24, 2020 (GLOBE NEWSWIRE) — AMMO, Inc. (OTCQB: POWW) (“AMMO” or the “Company”), a premier American ammunition and munition components manufacturer and technology leader, continues to disrupt the marketplace with its latest law enforcement product offering.

Law Enforcement Duty Rated – New .223 and .308 Caliber Offerings

AMMO continues to expand its Law Enforcement offerings to include duty-grade bonded ammunition for Law Enforcement use. The Company’s newest addition of bonded .223 rounds for patrol rifles and bonded .308 rounds for precision rifles allows AMMO to provide a dependable solution for agencies with current critical demand for duty grade rifle ammunition. These bonded Law Enforcement rounds utilize Solid Base^™ projectiles with bonded lead cores designed to maximize retained weight for consistent terminal performance through barriers. These bullets provide straight line penetration with minimal deflection, have a tapered jacket to control expansion and the protected point design ensures reliable feeding in all action types.

“Our goal in developing these new bonded duty rounds was to develop rounds that offered best-in-class performance for the Law Enforcement personnel on the street. The engineers in our R&D Department worked tirelessly to develop a high performing duty round we could make available to every patrol officer, while enhancing precision rifle performance for their tactical team brethren,” said Mark Hanish, President, Global Sales & Marketing. Fred Wagenhals, AMMO’s CEO, added that “making certain our Law Enforcement and Military end-users are outfitted with the best ammunition to keep them safe while they protect all of us is a driving force every day at AMMO.”

Forward Looking Statements

This document contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies, goals and objectives of management for future operations; any statements concerning proposed new products and services or developments thereof; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures and risk factors we include in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on Form 8-K.

Investor Contact:

Rob Wiley, CFO
AMMO, Inc.
Phone: (480) 947-0001
[email protected]

SAN DIEGO, Nov. 24, 2020 (GLOBE NEWSWIRE) — Genasys Inc. (NASDAQ: GNSS), the global leader in critical communications systems and solutions, today announced plans to release financial results for its fiscal year, ended September 30, 2020, after the market close on Wednesday, December 9, 2020. A conference call to discuss the fiscal year financial results will be held at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time.

Conference call details:

Date: Wednesday, December 9, 2020
Time: 4:30 p.m. Eastern / 1:30 p.m. Pacific
Toll-Free Dial-In Number: 888.390.3967
International Dial-In Number: 862.298.0702

Webcast: https://www.webcaster4.com/Webcast/Page/1375/38972

Please dial-in 10 minutes prior to the start time and tell the operator you are calling in for the Genasys Fiscal Year 2020 Financial Results Call. Questions to management may be submitted before the call by emailing them to [email protected].

A replay of the webcast will be available approximately four hours after the presentation through the Conference Call link on the Events & Presentations page of the Company’s website. 

About Genasys Inc.

Genasys^™ is a global provider of critical communications systems and solutions to help keep people safe. Genasys provides a multi-channel approach to deliver geo-targeted alerts, notifications, instructions and information before, during and after public safety threats and critical business events. The Company’s unified critical communications platform includes Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), LRAD^® long-range voice broadcast systems and more.

Genasys systems are in service in 72 countries and in more than 450 U.S. cities in a range of diverse applications, including public safety, emergency warning, mass notification, critical event management, defense, law enforcement, homeland security and many more. For more information, visit genasys.com.

Investor Relations Contacts

Jim Fanucchi and Satya Chillara
Darrow Associates, Inc.
[email protected]

Glendale, CA, Nov. 24, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Loop Media, Inc. (“Loop Media”), the first media company focused on fully integrated 360-degree engagement of music videos and other premium content for consumers and businesses (OTC: LPTV), today announced former MTV, Warner Bros. and 20th Century Fox Executive Greg Drebin as Loop Media Studios Chief Content and Marketing Officer.

Drebin will be tasked with creating the content and brands that reach Loop Media’s rapidly growing footprint across out-of-home businesses and consumer-facing channel platforms. Additionally, he will be responsible for the creative and marketing initiatives of Loop Media and its business and consumer-facing brands.  

With a thirty-year career in the entertainment industry, Drebin has established himself as an innovative television and marketing executive with extensive global programming and digital platform experience.

Previously, Drebin was Executive Vice President of Worldwide Marketing, Publicity and Research at 20th Century Fox Television Distribution, where he oversaw the marketing and promotion of 20th Century Fox Television’s series and films across international linear broadcast channels, SVOD and streaming services. 

Over the previous six years, Drebin served as Senior Vice President of Programming and Marketing at Warner Bros. International TV Branded Services, where he was responsible for over 50 channels and services in more than 35 countries, with annual revenues of +$200M. He also supervised the development, branding, programming, launching and marketing of WarnerTV international linear channels, SVOD and streaming services in Latin America, Asia and Europe.

Prior, Drebin was the Executive Vice President of the International Music Feed at Universal Music Group, in which he was responsible for channel launch and brand development including all on-air creative content and all aspects of programming, marketing and production. 

Previously—throughout his ten-year tenure at MTV: Music Television, Viacom—Drebin climbed the ranks where he ultimately served as Senior Vice President of Programming and Production. Drebin was responsible for all programming and production, including Studio Production and Program Development, Program Scheduling, Acquisitions, Specials and On-Air Promotions.

The announcement marks a reunion for Drebin and Andy Schuon, Head of Loop Media Studios, to whom Drebin will report. Schuon and Drebin have a long history, having worked together at MTV, CBS Radio and Universal’s IMF: International Music Feed Network, which they co-founded. 

“Greg and I have had a hand in moving music and pop culture together at some of the defining businesses in media,” said Schuon. “I am excited to reignite our creative partnership at Loop Media Studios. Greg is an extraordinarily talented executive who will no doubt further establish Loop Media Studios as a leader in video and audio content services.”

About Loop Media

Loop Media, Inc is the first media company focused on fully integrated 360-degree engagement of music videos and other premium short-form content by consumers and businesses. Loop improves the entire viewing experience for premium short-form content by focusing on venues and consumers in the evolving frontier of digital out-of-home, streamlining the public-to-private viewing experience. Loop’s growing library of over 500,000 short-form videos, including: music videos, film, game and TV trailers, viral videos, sports clips and atmospherics and travel videos can be viewed in many popular hospitality, dining, and retail venues; on leading branded media and entertainment sites; and on over-the-top TV platforms and CTV devices. To learn more about Loop products and applications, please visit us online at Loop.tv

Loop Media, Inc. Press:

Jon Lindsay Phillips
RLM PR
[email protected]
+1-646-828-8566 

PEMBROKE, Bermuda, Nov. 24, 2020 (GLOBE NEWSWIRE) — Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that Mr. Paul Shedden will join the organization as the Head of Portfolio Design, Pricing and Analytics for global Insurance. Based out of London, Mr. Shedden will report to Mr. Chris Gallagher, Chief Executive Officer, Sompo International Commercial P&C, bringing together all the key analytical functions for the Global Insurance segment. Mr. Shedden will also join the Insurance Executive Leadership Team.

Mr. Shedden comes to Sompo International from AXA XL where he served as the Head of Enterprise Data Insurance Pricing, Advanced Analytics & Innovation. With more than 25 years’ experience in this sector of the industry, Mr. Shedden brings a unique perspective to Sompo International’s process of portfolio design, technical pricing and performance management, where he will be supported by a diverse team of experts from key regions from around the world.  

Mr. Gallagher commented, “We are pleased to have Paul join Sompo International, bringing his vast experience in leading similar operations at some of the most well-respected global organizations. Paul has achieved great success in running talented and successful departments across multiple regions as well as implementing innovative solutions for growing and diverse portfolios. His proven track record, history of success and extensive global experience aligns perfectly with Sompo International’s strategic direction, and I am delighted to welcome him to our senior Insurance segment leadership team.”

Mr. Shedden added, “I am excited to join Sompo International as the organization continues on its ascent to becoming one of the top global insurance carriers. Mr. Gallagher has a strong strategic vision for the company’s future, and I am looking forward to working alongside him and the exceptional global Insurance leadership team at Sompo International.”

About Sompo International

Sompo International Holdings Ltd. (Sompo International) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda. Sompo International companies are wholly owned subsidiaries of Sompo Holdings, Inc., whose core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market. Sompo International is a company driven by its core values, a carrier that holds promise, trust and the commitment to protect at the center of everything it does. We maintain excellent financial strength as evidenced by the ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard and Poor’s on our principal operating subsidiaries. For more information about Sompo International, please visit www.sompo-intl.com.

Contact

Sompo International
Cara Gallagher
SVP, Marketing ＆ Communications
Phone: + 1 917 421 4973
Email: [email protected]

NEW YORK, Nov. 24, 2020 (GLOBE NEWSWIRE) — iFresh, Inc. (“iFresh” or the “Company”) (Nasdaq: IFMK), a leading Asian American grocery supermarket chain and online grocer, announced the financial results for its fiscal second quarter ended September 30, 2020.

For the second quarter 2020, the Company achieved total net sales of $24.2 million and gross profit of $4.8 million, a slight increase from the same quarter of 2019. The adjusted loss before income tax, depreciation and amortization was $2.4 million, resulting from the acquisition of Jiuxiang Blue Sky Technology (Beijing) Co., Ltd. (“Jiuxiang”) which had a net loss of $2.2 million. Founded in 2019, Jiuxiang is an emerging e-commerce enterprise in China and still in the early-growth stage. A key part of business strategy of Jiuxiang is to transform the supply chain financial service capabilities into a revenue growth driver to achieve customer expansion in the market.

As of September 30, 2020, the Company had cash and cash equivalents of $7.8 million and a total accounts receivable of $4.3 million.

Mr. Long Deng, Chairman of iFresh, commented, “The second quarter’s weak financial results reflected a combination of factors including COVID-19 and related economic conditions. However, I am very proud that the iFresh team navigated the challenging circumstances to deliver a solid quarter.”

“Retail business is one of the hardest-hit industries during this difficult time, but we continue to operate effectively while keep updating and strengthening our business. iFresh is in the process of establishing an e-commerce platform. With its potential functions to enhance our sales performance, this platform is expected to serve the Company’s business strategy to fuel future growth and maximize shareholders’ value.”

About
iFresh
, Inc.

iFresh Inc. (Nasdaq: IFMK), headquartered in Long Island City, New York, is a leading Asian American grocery supermarket chain and online grocer on the east coast of U.S. With nine retail supermarkets along the US eastern seaboard (with additional stores in Glen Cove, Miami and Connecticut opening soon), and one in-house wholesale business strategically located in cities with a highly concentrated Asian population, iFresh aims to satisfy the increasing demands of Asian Americans (whose purchasing power has been growing rapidly) for fresh and culturally unique produce, seafood and other groceries that are not found in mainstream supermarkets. With an in-house proprietary delivery network, online sales channel and strong relations with farms that produce Chinese specialty vegetables and fruits, iFresh is able to offer fresh, high-quality specialty produce at competitive prices to a growing base of customers. For more information, please visit: http://www.ifreshmarket.com/.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed transactions; the business plans, objectives, expectations and intentions of the parties once the transactions are complete, and the Company’s estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. All information provided in this press release is as of the date hereof. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC. IFMK’s SEC filings are available publicly on the SEC’s website at www.sec.gov. IFMK disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

For more information, please contact:

At the Company:

iFresh, Inc.

Email: [email protected]

 

Funds will support relevant non-profit organizations in community outreach and overall development, with a focus on young people

BEIJING, Nov. 24, 2020 (GLOBE NEWSWIRE) — BlueCity, a world-leading LGBTQ community platform providing a full suite of services to foster connections and enhance the well-being of the LGBTQ community, has pledged to donate one million yuan (nearly 152,300 USD) to further carry out HIV-prevention education and control in the lead-up to World AIDS Day.

Supporting non-profits in HIV awareness and prevention

The funds will be used to support the HIV prevention work of prospective non-profit organizations in their community outreach and capacity building. The brand will also actively seek applications and provide grants for programs focusing on HIV prevention among young people, according to Baoli Ma, founder, chairman and chief executive officer of BlueCity.

“2020 is an exceptional year that requires us to give each other stronger support. As such, we launched the initiative to partner with and support like-minded people and organizations in delivering HIV prevention and awareness-building that is comprehensive, scientific and efficient,” said Ma at “AIDS-free Generation,” an annual event co-organized by the Chinese Foundation for the Prevention of STD and AIDS (CFPSA) and Danlan Public Interest Fund.

“We will also bring our services to more overseas users and work together with international and regional partners as the world is working together to end the AIDS epidemic by 2030,” said Ma, referring to the UNAIDS framework.

A 2019 report from China’s National Center for AIDS/STD Control and Prevention reported 16,000 newly discovered cases of HIV/AIDS in 2018 among young people aged 15-24. Among them, more than 3,000 cases were young students.

Pioneering and facilitating HIV prevention and testing in China and beyond

Since the founding of Danlan Public Interest in 2008, BlueCity has pioneered the concept of “Internet + HIV prevention” in China, which essentially integrates online and offline HIV prevention efforts. Empowered by the technologies and large user base of its platform, this concept was further expanded with the launch of the Blued app in 2012.

In cooperation with community partners throughout China, Danlan Public Interest, the corporate social responsibility arm of BlueCity focused on HIV prevention, has amassed a network comprising nearly 7,000 testing locations across the country, which users can search for on Blued, BlueCity’s mobile app. Users can even make appointments directly with 224 testing centers in 32 Chinese cities, providing them with discrete, stress-free services during times of concern for their health.

Danlan Public Interest has also established four HIV testing centers in collaboration with centers for disease control and prevention in Beijing, which offered some 16,376 free HIV tests during 2018 and 2019.

In addition, HIV-prevention related content on Blued, consisting of messaging on the app’s splash screen, direct messages and live-streaming, had an accumulated audience of 325 million as of June 2020.

Partnered with CFPSA, BlueCity also established and provided the initial funding used by Danlan Public Interest Fund in August 2019 to strengthen HIV prevention efforts among China’s youth. This is the first such fund under CFPSA, and a promising milestone for BlueCity’s overall corporate social responsibility efforts.

With more than half of Blued’s 6.4 million monthly active users hailing from markets outside China, the brand has also worked with local governments or health institutions in markets including Brazil, India, Japan, South Korea, Mexico, Thailand, and Vietnam to facilitate HIV testing, prevention and education.

In addition to sharing “Internet + HIV prevention” best practices and experience at both the 2016 and 2020 International AIDS Conference, BlueCity has also worked with a wide range of governmental, academia and corporate partners to conduct HIV-related research and studies. Since 2016, the brand has co-published 17 research papers in renowned academic journals, including Lancet Infectious Disease.

About BlueCity

BlueCity (Nasdaq: BLCT) is a world-leading online LGBTQ platform providing a full suite of services to foster connections and enhance the well-being of the LGBTQ community. Mobile app Blued is the platform’s central hub, allowing users to conveniently and safely connect with each other, express themselves and access professional health-related and family planning consulting services. Blued has connected 54 million registered users worldwide, and is now the largest online LGBTQ community in China, India, Korea, Thailand and Vietnam.

For more information, please contact BlueCity Holdings Limited at:

Vincent Tang: [email protected]

Kent Sun: [email protected]

 

PRINCETON, N.J., Nov. 24, 2020 (GLOBE NEWSWIRE) — Advaxis, Inc. (Nasdaq: ADXS) (the “Company”), a clinical-stage biotechnology company focused on the development and commercialization of immunotherapy products, today announced the pricing of an underwritten public offering of (i) 26,666,666 shares of common stock and warrants to purchase up to 13,333,333 shares of common stock. The shares of common stock and warrants are being sold together at a combined public offering price of $0.30 per share. The warrants will have an exercise price of $0.35 per share, will be immediately exercisable and will expire five years from the date of issuance. The Company has granted the underwriters a 30-day option to purchase up to an additional 3,999,999 shares of common stock and/or 1,999,999 warrants to cover over-allotments, if any.

The Company plans to use the net proceeds from the offering to fund its continued research and development initiatives in connection with expanding its product pipeline including, but not limited to, investment in its ADXS-HOT program and for general corporate purposes. The Company may also use a portion of the net proceeds to acquire or invest in other businesses, products and technologies.

A.G.P./Alliance Global Partners is acting as sole book-running manager for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-226988) previously filed with the U.S. Securities and Exchange Commission (the “SEC”), and an additional registration statement on Form S-3 filed pursuant to Rule 462(b) under the Securities Act, which became effective upon filing on August 30, 2018. A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022 or via telephone at 212-624-2060 or email: [email protected]. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering. Copies of the Supplement, the Base Shelf Prospectus and the Registration Statement may also be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022 or via telephone at 212-624-2060 or email: [email protected].

No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Advaxis

Advaxis, Inc. is a clinical-stage biotechnology company focused on the development and commercialization of proprietary Lm-based antigen delivery products. These immunotherapies are based on a platform technology that utilizes live attenuated Listeria monocytogenes (Lm) bioengineered to secrete antigen/adjuvant fusion proteins. These Lm-based strains are believed to be a significant advancement in immunotherapy as they integrate multiple functions into a single immunotherapy and are designed to access and direct antigen presenting cells to stimulate anti-tumor T cell immunity, activate the immune system with the equivalent of multiple adjuvants, and simultaneously reduce tumor protection in the tumor microenvironment to enable T cells to eliminate tumors.

Forward Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are any statements that express the current beliefs and expectations of management. Any statements contained herein that do not describe historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results, performance and achievements to differ materially from those discussed in such forward-looking statements. Such risks include, but are not limited to: the success and timing of the Company’s clinical trials, including patient accrual; the Company’s ability to develop and commercialize its products; the Company’s ability to identify license and collaboration partners and to maintain existing relationships; the Company’s available cash and its ability to obtain additional funding; and any outcomes from the Company’s review of strategic transactions. These and other risks are discussed in the Company’s filings with the SEC, including, without limitation, its Annual Report on Form 10-K, filed on December 20, 2019, as amended, and its periodic reports on Form 10-Q and Form 8-K. The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date they were made. The Company undertakes no obligation to update or revise forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by law.

Investor Contact

Tim McCarthy
LifeSci Advisors, LLC
[email protected]
(212) 915-2564

TORONTO, Nov. 24, 2020 (GLOBE NEWSWIRE) — Worksport Ltd (OTCQB: WKSP) (or the “Company”) has qualified its Regulation A offering with the U.S. Securities & Exchange Commission, which enables securities to be issued by the company under Regulation A Section 3 (b) of the Securities Act for Tier 2 offerings, providing certain exemptions from registration.

“Worksport has achieved some significant milestones recently, including revealing our ground-breaking TerraVis™ system, a fusion of cutting edge solar power, storage, and delivery,” said Worksport CEO, Steven Rossi. “In a year with constant development of our products and intellectual property, the Regulation-A offering is yet another major breakthrough for Worksport, seeking to access capital in our primary market, the U.S., where our securities are listed.”

Rossi said that the proceeds will be used for further development and expedited launch of the TerraVis™ system, as well as existing product inventory, and other exciting projects to be announced soon.

Among the upcoming projects are agreements with two EV manufacturers, solidifying the bright future ahead for the growth of Worksport. Hercules Electric Mobility Inc., Detroit, MI, is partnering with Worksport to introduce the ground-breaking TerraVis™ tonneau system, integrating solar panels and battery banks for a mobile power solution, as a Tier One OEM supply partner for their upcoming Alpha electric pickup. Similarly, Atlis Motor Vehicles, Mesa, AZ, is also configuring TerraVis™ as an OE accessory for their highly anticipated Atlis XT electric pickup truck.

“We are proud of our accomplishments in the last decade, exponentially growing the company’s foundation with constant improvements in our product offering of high-quality tonneau covers in the B2B market, with no real outside funding or exploration of B2C sales channels,” said Rossi. “Now, for the first time in Worsksport’s history, we are preparing our latest innovation, TerraVis™, for B2B and B2C channels, and are seeking investment partners to provide additional capital for a timely delivery of TerraVis™, in synchronization with the launch of EV pick-up trucks, providing for significant anticipated improvements in operating results at the company. Our new Regulation A qualification is our latest breakthrough that will make it possible for more members of the public to invest directly, similar to a crowdfunding model. We thank in advance all those who may be interested in investing for their support.”

Invest Now

Anyone interested in investing directly into Worksport are encouraged to invest via the company’s investment platform (www.invest.worksport.com). Every investment dollar will be used to further our growth. Minimum investment is $500, and all securities purchased would be registered and tradeable. “We’ve shown the investment community what we can accomplish with no funding. Investors have an opportunity to purchase one common share and one 12-month warrant, directly from the company.” said Worksport CEO Steven Rossi

Any interested investors or shareholders are encouraged to follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram, as well as sign up for the company’s newsletters on both www.worksport.com and www.goterravis.com, to stay up to date on all of the latest news. Worksport will continue to update shareholders, supporters, and investors to maintain the highest level of disclosure and information dissemination as Worksport continues to grow and develop at a very rapid pace.

Summary of the offering

According to the circular, and subject to change, Worksport will offer a maximum of 40,000,000 Units (the “Maximum Offering”). Each Unit is comprised of one share of common stock (a “Common Stock”), and one Common Share purchase warrant (each whole warrant, a “Warrant”) to purchase one additional Common Share (a “Warrant Share”) at an exercise price of $0.20 USD per Warrant Share, subject to certain adjustments, over a 12-month exercise period following the date of issuance of the Warrant. Interested investors should consult the entire circular at https://invest.worksport.com.

Invest Now

About Worksport Ltd.

Worksport Ltd., an innovative manufacturer of high quality, functional, and aggressively priced tonneau covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com. Currently listed on the OTCQB Market under the trading symbol “WKSP.”

Connect with Worksport:

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For further information please contact:

Mr. Steven Rossi
CEO & Director
Worksport, Ltd
T: 1-888-554-8789
E: [email protected]

Forward-Looking Statements

This document may contain forward-looking statements, relating to Worksport, Ltd. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Worksport, Ltd.’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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