Market Newsdesk

Los Angeles, CA, Dec. 01, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — US Nuclear Corp. (OTC: UCLE), a leading manufacturer of advanced radiation, chemical, and biological detection and UAV instrumentation, recently announced the financial results for the third quarter ended September 30, 2020.   

• Sales for the three months ended September 30, 2020 were $484,318 compared to $659,325 for the same period in 2019
• Decrease in sales due to the impact of COVID-19 on the company and customers
• Employee work hours reduced by half to help mitigate COVID-19 exposure and transmission, in addition to 14-day quarantine periods for employees who may have been exposed
• Selling, general, and administrative expense were $1,021,507 compared to $1,729,246 for the same period in 2019, the decrease of $707,739 or 40.9% was due to careful money management and lower stock-based compensation
• Stock based compensation was $542,560 for the three months ended September 30, 2020, compared to $1,150,321 during the same period in 2019
• Net loss of $850,386 due to impact of COVID-19
• $309,632 in accounts receivable, $484,012 in cash, and $1,132,000 in backlogged orders

Robert Goldstein, CEO of US Nuclear Corp., commented:
“Despite many challenges imposed by COVID-19, we managed to have a safe and productive third quarter.  The temporary closure of one of our operating divisions, reduced and staggered worker hours, and 14-day self-quarantine periods have fortunately proved successful in ensuring all our workers are safe and COVID-19 free, and while these factors have led to a temporary slowdown in sales and production, the safety of our employees and their families is our highest priority. 

With the extra support of new and talented sales staff, we booked several excellent orders in Q2 and Q3 which will help keep us busy as we progress into Q4 and 2021.  Compared to the average sales revenue for Q1 and Q2, revenue for Q3 is increasing as we recover and come back to regular production levels.  With a large order backlog and a healthy workforce, we project a strong year ahead, and are also excited to announce new developments from our investments in MIFTEC/MIFTI (fusion power and medical isotopes) and Grapheton (neurotechnology and bioelectronics).”             

US NUCLEAR CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
					Three Months Ended				Nine Months Ended
					September 30,				September 30,
					2020		2019		2020		2019
Sales				$	484,318	$	659,325	$	1,108,758	$	2,818,901
Cost of sales					281,808		336,882		596,542		1,392,608
Gross profit					202,510		322,443		512,216		1,426,293
Operating expenses
	Selling, general and administrative expenses				1,021,507		1,729,246		2,262,552		3,474,788
		Total operating expenses			1,021,507		1,729,246		2,262,552		3,474,788
Loss from operations					(818,997)		(1,406,803)		(1,750,336)		(2,048,495)
Other income (expense)
	Interest expense				(10,905)		(3,103)		(36,451)		(14,849)
	Amortization of debt discount				(84,774)		–		(327,161)		–
	Change in value of derivative liability				66,939		–		76,774		–
	Equity loss in investment				(2,649)		–		(5,698)		–
		Total other income (expense)			(31,389)		(3,103)		(292,536)		(14,849)
Loss before provision for income taxes					(850,386)		(1,409,906)		(2,042,872)		(2,063,344)
Provision for income taxes					–		–		–		–
Net loss				$	(850,386)	$	(1,409,906)	$	(2,042,872)	$	(2,063,344)
Weighted average shares outstanding – basic and diluted					22,204,663		18,654,300		21,473,288		17,748,583
Loss per shares – basic and diluted				$	(0.04)	$	(0.08)	$	(0.10)	$	(0.12)

Safe Harbor Act

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com

CONTACT:

US Nuclear Corp. (OTC: UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: [email protected]

NEW ALBANY, Ohio, Dec. 01, 2020 (GLOBE NEWSWIRE) — Hollister Co., a leading global teen retailer, has announced a long-term partnership and an initial $200,000 donation to The Academy Group, a non-profit founded to realize the true potential of young people from the most resilient communities across the United States.

The two organizations will work together to provide educational and professional resources, mentorship opportunities and financial support to Academy Group students. The partnership is rooted in a shared set of values and the belief that Gen Z will lead us into a future that will be brighter, more prosperous and more equitable for all.

“Hollister believes teens should feel confident in the world they live in, but that cannot happen if racial discrimination and social injustice continue to exist. Education plays a key role in systemic inequity, which is why earlier this year we committed ourselves to partnering with the voices, movements and people working to even the scales,” said Kristin Scott, Global Brand President at Abercrombie & Fitch Co. “Through our partnership with the Academy Group, an amazing organization that has worked tirelessly to uplift and support young people with innate talent, we can and will work together to create a future we can all be confident about.”

“At the Academy Group, we believe we live in a world where talent is abundant and dispersed, and where opportunity is often too scarce and concentrated,” said Dr. Kathleen St. Louis Caliento, Chief Learning and Design Officer.  “Rooted in our values of excellence, determination and justice, and in partnership with global brand Hollister who has been focused on issues of equity for teens, we aim to help close the opportunity and wealth gap and help young people lead the nation towards a more prosperous and equitable future.”

The Academy Group provides hundreds of youth with the opportunity to go from the exception to exceptional and provides academic support, mentoring and work experience to scholars during a 14-year-journey from fourth grade to career. 

For more information on the partnership with Hollister, click HERE. For more information on The Academy Group, visit https://theacademygroup.com/

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995

A&F cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained herein or made by management or spokespeople of A&F involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the Company’s control. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” and similar expressions may identify forward-looking statements. Except as may be required by applicable law, we assume no obligation to publicly update or revise our forward-looking statements. Risks and uncertainties related to the duration and impact of the COVID-19 pandemic on the Company and the factors disclosed in “ITEM 1A. RISK FACTORS” of A&F’s Annual Report on Form 10-K for the fiscal year ended February 1, 2020, and in A&F’s subsequently filed quarterly reports on Form 10-Q, in some cases have affected, and in the future could affect, the company’s financial performance and could cause actual results for fiscal 2020 and beyond to differ materially from those expressed or implied in any of the forward-looking statements included in this press release or otherwise made by management. 

About Hollister:  
The quintessential retail brand of the global teen consumer, Hollister Co. believes in liberating the spirit of an endless summer inside everyone. At Hollister, summer isn’t just a season, it’s a state of mind. Hollister creates carefree styles designed to make all teens feel celebrated and comfortable in their own skin, so they can live in a summer mindset all year long, whatever the season.
  
Hollister is a division of Abercrombie & Fitch Co. (NYSE: ANF) and is sold through approximately 540 stores worldwide and www.hollisterco.com globally.

Hollister Media Contact:  
Noelia Callejas
(614) 283-6192  
[email protected] 

Business Media Contact:  
Kara Ferrara  
Abercrombie & Fitch Co.  
(614) 283-6192  
[email protected]  

Investor Contact: 
Pam Quintiliano
Abercrombie & Fitch Co.  
(614) 283-6877 
[email protected] 

About The Academy Group

Fueled by the belief that talent is ubiquitous, the Academy Group unlocks opportunity for young people from the most resilient communities to realize their full potential.

IRVINE, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) — Vemanti Group, Inc. (“Vemanti” or the “Company”) (OTC PINK:VMNT), a multi-asset technology-driven company, today announced that it has entered into a Letter of Intent (“LOI”) with Marena Gold Refinery (“Marena Gold”) pursuant to which the parties will complete an equity exchange transaction that will result in Marena Gold becoming a subsidiary of the Company.

Located in the capital city of Bamako, Marena Gold is the 2nd biggest precious metal refinery in the Republic of Mali, one of Africa’s top 5 gold producing countries. The refinery is fully operational and covers all the phases necessary for the processing of raw gold with a maximum capacity of 90-kg-per-day at >99.9% purity. With modern machineries and well-trained personnel, it aims to contribute to the supply in the precious metals sector and to the improvement of the general welfare of the entire Western Africa Region, supporting the artisanal and small-scale mining. In addition, with mining concessions in the Kenieba Cercle region of Mali, Marena Gold intends to promote the highest global standards in product and service development, while simultaneously encouraging transparency to benefit market participants. It holds a mining permit over a gold-bearing area where miners are currently extracting gold. It is expected that Marena Gold’s future infrastructure developments will strengthen its position as the leading regional producer for precious metals.

The final details of the transaction will be determined by the parties following due diligence of appropriate legal and financial corporate documents. This is an arm’s length transaction, and the parties intend to sign a definitive share exchange agreement (the “Agreement”) with an expected closing by the end of January 2021. Under the terms of the LOI, up to 20% of the issued and outstanding common stock of Marena Gold will be exchanged for common shares of the Company. The Company anticipates issuing a new class of stock to support the closing of the transaction. Post-closing, the Company will use its best efforts to arrange for additional working capital for the businesses and obligations of Marena Gold in the pursue of LBMA (London Bullion Metal Association) certification.

Effective on the closing of the transaction, an appointed member of the Company will join the Board of Directors of Marena Gold. Completion of the transaction is subject to a number of conditions, including but not limited to the following key conditions:

• execution of the Agreement;
• completion of mutually satisfactory due diligence; and receipt of all required regulatory, corporate and third-party approvals, including the approval of the stockholders of Marena Gold and the fulfillment of all applicable regulatory requirements and conditions necessary to complete the transaction.

For more news and updates, current shareholders and prospective investors of the Company can follow @Vemanti on Twitter (https://twitter.com/Vemanti).

About Vemanti Group, Inc.

Vemanti Group
, Inc. (OTC PINK:VMNT) is a multi-asset technology-driven company that seeks to be active in high-growth and emerging markets. Our core strengths are in technology development and investment. We drive growth through acquisition and investment in disruptive and foundational technologies by targeting early-stage companies that have market viable products or by starting a new subsidiary of our own. Strategically, we focus mainly on fintech applications combined with other emerging technologies, including blockchain and machine learning/AI.

About Marena Gold Refinery

Marena Gold Refinery
(“Marena Gold’) is an established gold producer in the Republic of Mali with the sole purpose of collecting gold for artisan miners and processing it to >99.9% purity bars. Marena Gold aims to become the largest gold refiner in West Africa. Additionally, Marena Gold plans to introduce the trading of precious metals such as Gold and Silver, whilst fostering closer working ties with the Government & the local mining industry thereby, helping to facilitate the development and expansion of the regional precious metals market.

Legal Disclaimer

This press release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management’s plans and objectives for future operations. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management’s control.

Contact Information

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
[email protected]

BALTIMORE, Dec. 01, 2020 (GLOBE NEWSWIRE) — MediGO, the Baltimore-based technology company applying disruptive technology solutions to organ transplantation logistics, today announced a first-ever partnership with Nevada Donor Network (NDN), a leading organ procurement organization that maximizes the gift of life and health through organ, eye and tissue donation.

“This is a game changing moment for transplantation,” said Scott Plank, CEO of MediGO. “MediGO is poised to help patients access lifesaving organs. Our multi-tiered platform will bring greater efficiency, critical data, real-time logistics and communications to this complex and vital industry.”

NDN is the first MediGO customer and innovation partner in the Organ Procurement Organization (OPO) network to apply MediGO’s high-tech approach to optimization of the organ procurement and transportation pipeline. This landmark MedTech partnership will leverage machine learning and predictive analytics, providing the national network of OPOs with a dynamic platform to scale organ transportation for transplant with existing resources.

There is an urgent opportunity to apply innovations in medical technology to help everyone on the waitlist improve access to transplantable organs. While approximately 110,000 people are on the national organ waiting list, hundreds of thousands of additional Americans would benefit from broader access to transplant care. MediGO has ambitious plans to optimize each step of the transplant process, improving access to human organs.

The breakthrough NDN-MediGO collaboration will position NDN for upcoming changes in the organ transplantation industry, as Donor Service Areas expand, and CMS performance metrics are adopted. More specifically, the MediGO platform includes organ tracking, monitoring, and robust analytics to improve transparency and measure organ transportation secured by multi-directional stakeholder communications that will drive productivity across the transplant continuum.

“Nevada Donor Network recognized the potential for cutting-edge innovation in partnering with MediGO and delivering on its core purpose of providing hope and strength to millions of people nationwide,” said Joe Ferreira, President and CEO of Nevada Donor Network. “We’re building for the future and want to be a beacon for the OPO community, leading the way in technological innovation.”

Informed by primary research with all 58 OPOs in the United States, in addition to in-depth interviews with transplant centers, recipients, donor families, as well as rigorous science, MediGO developed the first comprehensive resource management platform specifically for OPOs and their stakeholders.

“Today is an exciting day for the transplant industry because MediGO represents the future of transplantation,” said Dr. Joseph Scalea, Chief Medical Officer of MediGO. “This advance is critical today and for tomorrow. MediGO brings together innovative technology, global logistics expertise, and interdisciplinary collaboration to help save the lives of patients with organ failure.”

MediGO is formally convening the transplant industry onto an integrated and customized communication platform to optimize organ shipment transportation logistics. MediGO has forecast considerable savings to the industry, while simultaneously helping OPOs increase access to organ transplants.

Driven by innovations patented in 2016, and results described in peer-reviewed publications from 2018, 2019, and 2020, MediGO combines cutting-edge technology with industry leading workflows to deliver superior solutions to OPOs nationwide. Today, NDN is leading the charge on adopting of these important technologies.

Founded in 1987, NDN coordinates, recovers and allocates lifesaving organs and healing tissues for transplantation and research on behalf of organ donors, serving more than 3 million people in the state of Nevada and thousands of potential transplant recipients across the country.

“Our MedTech collaboration with Nevada Donor Network is the first of many and will provide a higher level of quality, predictably, and transparency in organ transportation logistics,” said Plank. “We’re a solution-based technology company on a relentless mission to save lives. MediGO is optimizing workflow to maximize use of the industry’s distributed resources. I have been so inspired by this incredible team and I feel privileged to be part of this incredible collaboration.”

About MediGO

MediGO is the next generation hardware and software platform for organ transplantation logistics. Located in Baltimore, Maryland, MediGO is focused on increasing access to organ transplantation by optimizing the transplant supply chain. MediGO offers real-time monitoring of organ transportation including location, temperature, and environmental factors that inform logistics decisions, current estimated time of arrival for organ shipments, and a centralized in-app communication system for all relevant stakeholders. For more information please visit gomedigo.io

About Nevada Donor Network

Nevada Donor Network is a federally designated 501©(3) not-for-profit organ procurement organization (OPO) committed to maximizing the gift of life and health through organ and tissue donation. Established in 1987, Nevada Donor Network is one of only 58 OPOs in the U.S. serving more than three million people in the state of Nevada and 110,000 potential transplant recipients across the country. They work collaboratively with hospital staff and community partners to promote research and provide a strong support network to courageous donor families who’ve turned loss into hope. At Nevada Donor Network, they encourage Nevadans to help individuals in need of life-saving transplants through education, research and action. Nevada Donor Network is a member of Donate Life Nevada, an affiliate of Donate Life America, whose state-wide efforts encourage Nevadans to register as organ, eye and tissue donors. For more information, please visit www.nvdonor.org

About Scott Plank Ventures

Scott Plank Ventures starts-up and invests in companies that generate “triple bottom line” investment returns measured by economic, social, and environmental benefits which strengthen communities. We work with entrepreneurs and teammates who share our values of listening, service, and activism. We execute our mission by offering leadership, financing, mentorship, infrastructure, and our network.  For more information please visit www.scottplankventures.com

MediGO Media Contact:
Amy Larkin
MediGO
[email protected]

Nevada Donor Network Media Contact:
Halley Turner 
The Ferraro Group
702-367-7771 
[email protected] 

• The flickering flames and glowing embers are the perfect addition to any holiday décor

MONTREAL, Dec. 01, 2020 (GLOBE NEWSWIRE) — Stingray Naturescape, the breathtaking slow TV channel of music, media, and technology company Stingray, has announced that its legendary fireplace is back to warm homes and set the mood for the Holidays. Starting today, whether the weather outside is frightful or tropical, viewers can enjoy the comforting glow of the fire and the soft crackling of the burning wood at any time.

Stingray
Naturescape will offer a variety of 12 fireplaces set to different music tracks over the next weeks, 24 hours a day, 7 days a week. There is a fireplace for everyone, whether they enjoy holiday music, peaceful tracks, or simply the soothing sound of crackling fire. Viewers will enjoy tuning in while decorating the tree, hosting an intimate dinner, having a romantic date night, or when they want a breather from the season’s hustle and bustle.

“The Stingray fireplace has become a staple in more homes than ever for the Holiday season,” said Mathieu Peloquin, Senior Vice-President, Marketing and Communication of Stingray. “We are proud to offer a variety of high-quality, true-to-life fireplaces that compete with the real thing. Views can enjoy the calming effects of the glowing flames at the touch of a button, and choose the fireplace that best suits their mood and activity.”

Stingray
Naturescape’s fireplace is available via linear TV, connected TV, and SVOD through Stingray’s partners. Stingray Naturescape offers a free YouTube playlist Crackling Fires for the occasion, including a collection of 1-hour videos such as Crackling calming sounds of a lakeside campfire, Comforting wood-burning fireplace or Christmas fireplace – Cozy for the holidays.

Providers carrying Stingray Naturescape can be found here.

A
bout Stingray

Montreal-based Stingray Group Inc. (TSX: RAY.A; RAY.B) is a leading music, media, and technology company with over 1,200 employees worldwide. Stingray is a premium provider of curated direct-to-consumer and B2B services, including audio television channels, more than 100 radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps, which have been downloaded over 150 million times. Stingray reaches 400 million subscribers (or users) in 160 countries. For more information: www.stingray.com.

About Stingray
Naturescape

Stingray Naturescape is a breath of fresh air for anyone who wants to transform their home into a peaceful, relaxing oasis.  The TV channel offers an opportunity to see the world in a whole new level of color, contrast, and brightness with curated videos of stunning landscapes and awe-inspiring time lapses of night skies from around the world. The channel is offered in 4K resolution. For more information: www.stingray.com/naturescape.

For more information, please contact:

Frédérique Gagnier

Public Relations Manager
Stingray
1 514-664-1244, ext. 2689
[email protected]

CALABASAS, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) — MusclePharm Corp Inc. (OTCQB: MSLP), a global provider of leading sports nutrition & lifestyle branded nutritional supplements, today reported financial results for the quarter and nine months ended September 30, 2020. 

The following are key financial highlights for the period. Reconciliations of certain GAAP to non-GAAP measures are provided later in this press release.

Third Quarter 2020 Compared to Third Quarter 2019

• Revenue, net was $16.1 million compared to $21.2 million.
• Gross margin improved to 31.2% compared to 7.2%.
• Net income was $678,000 compared to a net loss of $(5.1) million.
• Diluted income per share was $0.01 compared to diluted loss per share of $(0.27).
• Adjusted EBITDA was $1.0 million compared to negative Adjusted EBITDA of $(4.1) million.

Nine-months ended September 30, 2020 Compared to Nine-months ended September 30, 2019

• Revenue, net was $49.3 million compared to $62.3 million.
• Gross margin improved to 30.0% compared to 9.9%.
• Net income was $365,000 compared to a net loss of $(15.5) million.
• Diluted income per share was $0.01 compared to diluted loss per share of $(0.94).
• Adjusted EBITDA was $2.4 million compared to negative Adjusted EBITDA of $(11.6) million.

Ryan Drexler, President and Chief Executive Officer, stated, “Our management team has spent the last two years dramatically restructuring MusclePharm and are now generating positive cash flow and well positioned for long-term profitable growth even in the current COVID-19 pandemic environment.  The business turnaround was driven by reducing low margin sales into inefficient channels, increasing gross margins, decreasing operating expenses and improving our overall EBITDA.  We have many of the leading brands in nutrition but we needed to do a much better job of realizing the value of our brands by reducing product discounts and being more efficient in our promotional activity, reducing SKU’s that are not properly positioned, and better aligning our operations with repositioned top-line growth. 

Mr. Drexler continued, “We have strengthened our scalable platform in 2020, with a focus on increased profitability.  Our omni-channel strategy is working and enables us to capture a greater share of this large and growing space.  We also believe we are very well positioned to utilize our leading brands to expand outside of the nutraceutical space in the near future.”

Non-GAAP Financial Measures 

Within this press release, the Company makes reference to a non-GAAP financial measure (Adjusted EBITDA) which has a directly comparable GAAP financial measure (net income). EBITDA is defined as net income/(loss) excluding interest, income taxes and depreciation and amortization. Adjusted EBITDA, in addition to those amounts included in EBITDA, is further adjusted for items such as stock-based compensation and gain or loss on disposal of property and equipment.

EBITDA is provided so that investors have the same financial data that management uses to assess the Company’s operating results with the belief that it will assist the investment community in properly assessing the ongoing performance of the Company for the periods being reported and future periods. The presentation of this additional information is not meant to be considered a substitute for measures prepared in accordance with GAAP. 

Forward-Looking Statements

Information provided and statements contained in this press release that are not purely historical, such as full year 2020 guidance, and the Company’s financial and operational outlook, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this press release and the Company assumes no obligation to update the information included in this press release. Statements made in this press release that are forward-looking in nature may involve risks and uncertainties. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, without limitation, risks relating to consumer spending may decline or that U.S. and global macroeconomic conditions may worsen resulting in reduced demand for the Company’s products, risks relating to changes in consumer preferences away from the Company’s offerings, risks relating to the effectiveness and efficiency of the Company’s advertising campaigns and marketing expenditures, including existing brands and the launch of new brands, which may not result in increased revenue or generate sufficient levels of brand name and program awareness, risks if the Company becomes subject to health or advertising related claims from its customers, competitors or governmental and regulatory bodies, and risks relating to increased competition from other nutrition providers.

For further details and a discussion of these risks and uncertainties, see the Company’s periodic reports, including the annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, filed with or furnished to the Securities and Exchange Commission and available at www.sec.gov. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the results of any revisions to the forward-looking statements made in this press release.

About MusclePharm, Inc.

MusclePharm® is an award-winning, worldwide leading sports nutrition & lifestyle company offering branded nutritional supplements. Its portfolio of recognized properties include the MusclePharm® Sport Series, Essentials Series, and recently-launched Natural Series, as well as FitMiss™ – a product line designed specifically for female athletes. MusclePharm® products are available in more than 100 countries globally, with its Combat Protein product lineup being the company’s most popular.

Contact:
John Mills, Managing Partner
ICR, Inc.
646-277-1254
[email protected]
[email protected]

MusclePharm Corporation Consolidated Balance Sheets (In thousands, except share and per share data)
		September 30, 2020				December 31, 2019
			(Unaudited)
ASSETS
Current assets:
Cash		$	1,085			$	1,532
Accounts receivable, net			5,205				4,807
Inventory			1,487				4,720
Prepaid expenses and other current assets			1,070				1,104
Total current assets			8,847				12,163
Property and equipment, net			46				216
Intangible assets, net			436				676
Operating lease right-of-use assets			541				1,175
Other assets			347				310
TOTAL ASSETS		$	10,217			$	14,540
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Obligation under secured borrowing arrangement		$	2,916			$	4,443
Line of credit			514				4,204
Operating lease liability, current			395				624
Convertible note with a related party, net of discount			2,735				1,034
Accounts payable			21,343				26,178
Accrued and other liabilities			6,391				5,058
Total current liabilities			34,294				41,541
Operating lease liability, long-term			447				723
Other long-term liabilities			2,741				228
Total liabilities			37,482				42,492
Commitments and contingencies (Note 8)
Stockholders’ deficit:
Common stock, par value of $0.001 per share; 100,000,000 shares authorized, 34,005,660 and 33,876,033 shares issued as of September 30, 2020 and December 31, 2019, respectively; 33,130,039 and 33,000,412 shares outstanding as of September 30, 2020 and December 31, 2019, respectively.			31				31
Additional paid-in capital			178,236				177,914
Treasury stock, at cost; 875,621 shares			(10,039	)			(10,039	)
Accumulated deficit			(195,493	)			(195,858	)
TOTAL STOCKHOLDERS’ DEFICIT			(27,265	)			(27,952	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT		$	10,217			$	14,540

MusclePharm Corporation Consolidated Statements of Operations (In thousands, except share and per share data) (Unaudited)
		Three Months Ended September 30,								Nine Months Ended September 30,
		2020				2019				2020				2019
Revenue, net		$	16,085			$	21,175			$	49,309			$	62,249
Cost of revenue			11,073				19,649				34,504				56,077
Gross profit			5,012				1,526				14,805				6,172
Operating expenses:
Advertising and promotion			49				574				362				2,134
Salaries and benefits			1,538				2,070				4,993				5,844
Selling, general and administrative			1,737				2,127				5,455				7,658
Professional fees			885				842				2,291				2,783
Impairment of operating lease right-of-use asset			167				—				167				—
Total operating expenses			4,376				5,613				13,268				18,419
Income (loss) from operations			636				(4,087	)			1,537				(12,247	)
Other income (expense):
Loss on settlement obligation			—				(16	)			(87	)			(125	)
Gain on settlement of payables			518				—				518				—
Interest and other expense, net			(456	)			(923	)			(1,539	)			(3,007	)
Income (loss) before provision for income taxes			698				(5,026	)			429				(15,379	)
Provision for income taxes			20				53				64				89
Net income (loss)		$	678			$	(5,079	)		$	365			$	(15,468	)
Net income (loss) per share, basic		$	0.02			$	(0.27	)		$	0.01			$	(0.94	)
Net income (loss) per share, diluted		$	0.01			$	(0.27	)		$	0.01			$	(0.94	)
Weighted average shares used to compute net income (loss) per share, basic			33,008,189				18,527,438				32,746,147				16,443,945
Weighted average shares used to compute net income (loss) per share, diluted			49,097,595				18,527,438				48,835,553				16,443,945

MusclePharm Corporation Consolidated Statements of Comprehensive Loss (In thousands) (Unaudited)
		Three Months Ended September 30,							Nine Months Ended September 30,
		2020			2019				2020			2019
Net income (loss)		$	678		$	(5,079	)		$	365		$	(15,468	)
Other comprehensive income (loss):
Change in foreign currency translation adjustment			—			(3	)			—			180
Comprehensive income (loss)		$	678		$	(5,082	)		$	365		$	(15,288	)

MusclePharm Corporation Consolidated Statements of Cash Flows (Unaudited, in thousands)
		Nine Months Ended September 30,
		2020				2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$	365			$	(15,468	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization of property and equipment			130				269
Amortization of intangible assets			240				240
Bad debt expense			174				41
(Gain) loss on disposal of property and equipment			(176	)			5
Amortization of debt discount			—				60
(Gain) loss on settlement of payables			(518	)			—
Inventory provision			(115	)			375
Stock-based compensation			206				190
Issuance of common stock to non-employees			116				653
Write off of cumulative translation adjustments			—				175
Impairment of operating lease right-of-use assets			167				—
Changes in operating assets and liabilities:
Accounts receivable			(572	)			1,056
Inventory			3,347				6,197
Prepaid expenses and other current assets			36				(236	)
Other assets			429				533
Accounts payable and accrued liabilities			(1,259	)			1,676
Net cash provided by (used in) operating activities			2,570				(4,234	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment			(4	)			(13	)
Proceeds from disposal of property and equipment			220				—
Net cash provided by (used in) investing activities		$	216			$	(13	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on line of credit			(2,452	)			—
Proceeds from line of credit			—				1,500
Proceeds from secured borrowing arrangement, net of reserves			32,762				31,225
Payments on secured borrowing arrangement, net of fees			(34,289	)			(29,171	)
Repayment of finance lease obligations			(54	)			(88	)
Repayment of notes payable			(165	)			—
Proceeds from issuance of PPP loan			965				—
Net cash (used in) provided by financing activities			(3,233	)			3,466
Effect of exchange rate changes on cash			—				7
NET CHANGE IN CASH			(447	)			(774	)
CASH — BEGINNING OF PERIOD			1,532				2,317
CASH — END OF PERIOD		$	1,085			$	1,543
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest		$	522			$	1,171
Cash paid for taxes		$	—			$	73
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:
Convertible secured note settled through the issuance of common stock		$	—			$	16,841
Operating lease right-of-use assets and lease obligations (ASC 842)		$	—			$	2,117
Property and equipment acquired in conjunction with finance leases		$	—			$	29

Non-GAAP Adjusted EBITDA

In addition to presenting financial results calculated in accordance with GAAP, the Company presents Adjusted EBITDA, which is net income/(loss), adjusted for items such as stock-based compensation, gain or loss on disposal of property and equipment, interest and other expense, net, depreciation of property and equipment, amortization of intangible assets, provision for doubtful accounts, impairment of intangible assets and taxes.

Management uses Adjusted EBITDA as a supplement to GAAP measures to further evaluate period-to-period operating performance, as well as the Company’s ability to meet future working capital requirements. The exclusion of non-cash charges, including stock-based compensation and depreciation and amortization, is useful in measuring the Company’s cash available for operations and performance of the Company.  Management believes these non-GAAP measures will provide investors with important additional perspectives in evaluating the Company’s ongoing business performance.

The GAAP measure most directly comparable to Adjusted EBITDA is net income/(loss). The non-GAAP financial measure of Adjusted EBITDA should not be considered as an alternative to net income/(loss). Adjusted EBITDA is not a presentation made in accordance with GAAP and has important limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Because Adjusted EBITDA excludes some, but not all, items that affect net income/(loss) and is defined differently by different companies, our definition of Adjusted EBITDA may not be comparable to similarly titled measures of other companies.

		For the Nine Months ended		For the Three Months ended						For the Nine Months ended			For the Three Months ended
(Unaudited, in thousands)		September 30, 2020				September 30, 2020				September 30, 2019				September 30, 2019
Net Income (Loss)		$	365				678				(15,468	)			(5,079	)
Non-GAAP adjustments:
Stock-based compensation			206				27				191				63
(Gain) loss on disposal of property and equipment			(176	)			(165	)			5				—
Gain on settlement of payables			(518	)			(518	)			—				—
Interest and other expense, net			1,715				632				3,007				923
Depreciation and amortization of property and equipment			130				24				269				75
Amortization of intangible assets			240				80				240				80
Impairment of operating lease right-of-use asset			167				167				—				—
Provision for doubtful accounts			174				53				41				(232	)
Provision for income taxes			64				20				88				53
Adjusted EBITDA		$	2,367				998				(11,627	)			(4,117	)

CALGARY, Alberta, Dec. 01, 2020 (GLOBE NEWSWIRE) — Benevity, Inc., the leading provider of global corporate purpose software, launched the Dear 2020 Challenge today to coincide with GivingTuesday, activating more than 600 purpose-driven companies and their people to end 2020 on a positive note by reaching 3 million acts of goodness in the month of December. Benevity clients — including Blue Shield of California, Cleco, CMC Materials, First Tech, Infoblox, Jacobs, Lehigh Hanson, Mortenson, Smartsheet, Veritas, Zoom Video Communications and more — are all participating in the cross-company challenge by engaging their employees, customers and communities in a variety of ways with the goal to create a grassroots movement of goodness fueled by collective action.

The Dear 2020 Challenge inspires hope, optimism and impact at the end of a challenging year, and the message is simple:

Dear 2020,

We have a few words for you, but we won’t waste our time. We’re too busy taking action. Plus, we’ve had enough of your challenges and now we’re ready to turn the tables with our own. So this December, more than 600 powerhouse companies and 18 million purpose-fueled individuals will come together in small ways to create massive collective action — by reaching 3 million acts of goodness. We’re going to become a force to be reckoned with, and when we look back, that’s what we’ll remember. Not how you came down on us, but how we stepped up — for and with each other. Hope you’re ready for this, 2020! Because we sure are.

Sincerely,
The Benevity Community

Acts of goodness that count towards the 3 million goal include corporate donations or grants; the creation of giving opportunities, volunteer opportunities or Mission activities for their employees; incentives and rewards like donation matching, charitable gift cards or currency for customers or employees; creating public opportunities that allow their customers and community members to support nonprofits; and more. Individual acts of goodness count towards the goal, too. For example, each time people at client companies donate to a nonprofit, sign up for a volunteer opportunity, track volunteer time, create initiatives for others to get involved, and more.

Benevity will be tracking these acts of goodness through its platform and reporting progress throughout the month of December on its “Dear 2020” website.

“This year has marked a tipping point for purpose with more companies than ever before rising above the challenges that confronted our global village,” said Sona Khosla, VP Marketing at Benevity. “The global pandemic kept us apart, but hundreds of companies and their people banded together as a powerful, collective force for good. Social injustices shook us, but we rose above it with a groundswell of support for equity unlike we’ve ever seen in our history. And politics divided us, but we found common ground in a shared commitment to purpose over partisanship. Now, we’re taking the lead. And we’re going to end the year on own terms, in a way that lifts everyone up — causes, communities, companies and people — when they need it most.”

Benevity developed the Dear 2020 challenge in response to data from its client community that highlighted the desire to join forces on a collective impact initiative, which would bring companies and their people together in an effort to drive more goodness during the most charitable time of year.

Beyond Benevity’s clients and their people, the Dear 2020 challenge is open to everyone on social media. Each time someone posts on Twitter or Instagram with the hashtag #Dear2020, tag @benevity, and a note about something good they did this year, Benevity will “like”, share and add it to the Dear 2020 Social Wall to help inspire even more goodness.

Final results of the Dear 2020 Challenge will be announced in January.

About Benevity

Benevity, a certified B Corporation, is the leader in global corporate purpose software, providing the only integrated suite of community investment and employee, customer and nonprofit engagement solutions. A finalist in Fast Company’s 2020 World Changing Ideas Awards, many iconic brands rely on Benevity’s cloud solutions to power their purpose in ways that better attract, retain and engage today’s diverse workforce, embed social action into their customer experiences and positively impact their communities. With software that is available in 20 languages, Benevity has processed more than 5 billion dollars in donations and 32 million hours of volunteering time, 210,000 positive actions and awarded one million grants to 251,000 nonprofits worldwide.

Media Contact

Amanda Orr
Kickstart for Benevity
1.323.601.5734
[email protected]

 

ALLEN, Texas, Dec. 01, 2020 (GLOBE NEWSWIRE) — PFS, the operations business unit of PFSweb, Inc. (NASDAQ: PFSW), a global commerce services company, announced its new fulfillment distribution center in the Dallas area is live and operating eCommerce fulfillment programs for four brands.

One of those brands is Kendra Scott, a popular Texas-based jewelry brand, for whom PFS now operates two fulfillment operations. Last year, PFS launched a direct-to-consumer eCommerce fulfillment solution for Kendra Scott in the United States, primarily focusing on East Coast customers. This year, with the growing demand from their eCommerce channel, they opted to expand their operational footprint with PFS and increase daily output capacity through an additional fulfillment node in the Dallas area.

“With the uncertainty surrounding brick & mortar retail around the country and the significant increase in eCommerce demand, we felt it was prudent to secure and expand our eCommerce fulfillment operations ahead of the holiday season,” said Tom Nolan, President of Kendra Scott, LLC. “PFS’ ability to quickly open a new DC and implement increased security for our fine jewelry collection has enabled us to keep up with demand and keep orders moving, despite the pandemic challenges. We are thrilled that our operation in Dallas is now live, and combined with the Memphis-based operation, we feel confident to deliver on our customers’ expectations for years to come.”

“It is an honor to expand our relationship with Kendra Scott and ensure their eCommerce operation runs smoothly this holiday season with increased capacity,” commented Zach Thomann, EVP and PFS General Manager. “Several PFS clients are now running a multi-node operating model across different regions, and as expected, they are already reaping the benefits as we see increasing volumes early in the season. I am proud of our PFS team who worked to sign the lease, build out the facility and launch a brand-new Dallas fulfillment operation in less than 90 days for Kendra Scott and other clients.”

The first client program in PFS’ Dallas distribution center went live in September 2020, with the remaining three programs, including Kendra Scott’s, going live in October 2020.

About Kendra Scott, LLC.

Kendra Scott is a leading fashion accessories brand inspired by the personal experiences, travel, and sense of community of its CEO and designer, Kendra Scott. With over 2,000 employees, Kendra Scott has over 100 standalone stores across the US and is sold in premiere retailers including Neiman Marcus, Nordstrom, Bloomingdale’s, and 600 specialty boutiques worldwide and boasts a thriving web business. Kendra Scott is best known for its kaleidoscope of fashion jewelry accessories as well as the customizable Color Bar™ experience, and in recent years has expanded into the categories of fine jewelry, sterling silver, home décor, and beauty. As the brand continues to grow, the company remains true to its founding philosophy of “Family, Fashion, Philanthropy” and since 2010, the company has given back over $30 million to local, national, and international causes.

About
PFSweb
, Inc.

PFSweb (NASDAQ: PFSW) is a global commerce services company that manages the online customer shopping experience on behalf of major branded manufacturers and retailers. Across two business units – LiveArea for data-driven marketing and omnichannel experience design through technology selection, platform implementation and orchestrated services, and PFS for order fulfillment, contact center, payment processing/fraud management, and order management services – they provide solutions to a broad range of Fortune 500® companies and household brand names such as Procter & Gamble, L’Oréal USA, ASICS, Pandora, Ralph Lauren, Shiseido Americas, the United States Mint, and many more. PFSweb enables these brands to provide a more convenient and brand-centric online shopping experience through both traditional and online business channels. The company is headquartered in Allen, TX with additional locations around the globe. For more information, visit www.pfsweb.com.

Media Relations:

Matthew Kaiserman
Media Frenzy Global
Tel 1-678-943-7408
[email protected]

Investor
Relations:

Sean Mansouri, CFA
Gateway Investor Relations
Tel 1-949-574-3860
[email protected]

NEW YORK, Dec. 01, 2020 (GLOBE NEWSWIRE) — Better Choice Company (OTCQB: BTTR) (“Better Choice”), an animal health and wellness company is pleased to announce that it has identified an additional ~$330,000 of annualized synergistic savings via the consolidation our warehouse and fulfilment operations to a third party logistics facility located just outside of Nashville, TN. The consolidation was finalized in October 2020. During the nine months ended September 30, 2020, Better Choice reported $274,000 of synergistic savings related to the consolidation of warehouse and fulfillment operations, reflecting savings that would have been achieved had the consolidation taken place as of January 1, 2020.

Michael Young, Chairman of Better Choice, stated, “In direct correlation to our overall growth strategy which includes both organic growth of our top selling existing brands Halo and Tru-Pet, as well as growth by acquisitions, our team quickly recognized and acted on the need for consolidation. This was accomplished through the economies of scale of bringing the distribution of the brands together while positioning for greater overall capacity.” Mr. Young continued, “We are extremely pleased with the potential to reinvest these savings into our high growth areas such as Asia and Direct to Consumer in order to further stimulate our growth.”

About Better Choice Company, Inc.

Better Choice Company Inc. is a rapidly growing animal health and wellness company committed to leading the industry shift toward pet products and services that help dogs and cats live healthier, happier and longer lives. We take an alternative, nutrition-based approach to animal health relative to conventional dog and cat food offerings and position our portfolio of brands to benefit from the mainstream trends of growing pet humanization and consumer focus on health and wellness. We have a demonstrated, multi-decade track record of success selling trusted animal health and wellness products and leverage our established digital footprint to provide pet parents with the knowledge to make informed decisions about their pet’s health. We sell the majority of our dog food, cat food and treats under the Halo and TruDog brands, which are focused, respectively, on providing sustainably sourced kibble and canned food derived from real whole meat, and minimally processed raw-diet dog food and treats. For more information, please visit https://www.betterchoicecompany.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Further information on the Company’s risk factors is contained in our filings with the SEC. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Company Contact:

Better Choice Company, Inc.
Werner von Pein, CEO

Investor Contact:

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

VANCOUVER, British Columbia, Dec. 01, 2020 (GLOBE NEWSWIRE) — A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that it has closed its oversubscribed non-brokered Private Placement of 18,970,000 Units at $0.07 per unit for gross proceeds of $1,327,900.

Martyn Element Chairman stated, “I am so pleased due to the significant over subscription of this financing. We are now able to aggressively explore our extensive land packages in the Fosterville-Toolleen area of the exciting gold rich Bendigo zone in Victoria, Australia and the Yalgogrin, Lachlan Fold, NSW.”

Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 12 months from the closing date of the offering at a price of $0.10 per common share. If the closing price of the common shares of the Company on any stock exchange or quotation system on which the common shares are listed or quoted is equal to or greater than $0.15 for a period of fifteen (15) consecutive trading days, the Company will have the right to accelerate the expiry of the warrants to a date that is not less than ten (10) business days from the date notice is given. Insiders participated in the aggregate amount of $86,345 for 1,233,500 units. The Company shall pay finders fees totaling $24,920 and issue 356,000 finders warrants.

Closing of the Private Placement is subject to final acceptance by the TSX Venture Exchange. All securities issued or issuable in connection with the Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws.

The proceeds will be used for acquisition and exploration of the Company’s Australian gold projects and general working capital purposes.

Phil Thomas CEO stated, “This capital raising is a significant vote of confidence in our team and the quality of our exploration licences in Victoria.  It is the start of our trajectory to become a major explorer in the Fosterville-Toolleen area. We are also preparing for geophysics at Yalgogrin, NSW and geochemistry at Kingston, that we expect will expand our gold targets. The warrants give us a level of comfort for future funding as we achieve progress.”

About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded issuer listed on the TSX Venture Exchange focused on precious and base metals exploration. AIS’s value add strategy is to acquire prospective exploration projects and enhance their value by better defining the mineral resource with a view to attracting joint venture partners and enhancing the value of its portfolio. The Company is managed by a team of experienced mining and geological professionals, with a track-record of successful capital markets achievements. In November 2020, AIS acquired the NSW Yalgogrin Gold Project JV, the Fosterville-Toolleen Gold Project and the Kingston Gold Project in Victoria Australia.

For further information, please contact:
Phillip Thomas, Chief Executive Officer
 Tel: +1-747-200-9412
Email: [email protected]
Or
Martyn Element, Executive Chairman
Tel: +1-604-220-6266
Email: [email protected] 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.