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Inuvo Closes $6.25 Million Common Stock Offering

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LITTLE ROCK, Ark., Jan. 22, 2021 (GLOBE NEWSWIRE) — Inuvo, Inc. (NYSE American: INUV), a leading provider of marketing technology, powered by artificial intelligence that serves brands and agencies, today announced the closing of its previously announced registered direct offering for total gross proceeds of $6.25 million before deducting placement agent fees and other estimated offering expenses.

Inuvo sold 5,681,817 shares of its common stock, par value $0.001 per share, at a price of $1.10 per share.

Inuvo expects to use the net proceeds from this offering for working capital and other general corporate purposes.

A.G.P./Alliance Global Partners acted as sole placement agent for the offering.

The shares were offered pursuant to an effective shelf registration statement on Form S-3 (File No. 333-239147) previously filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement relating to the offering was filed with the SEC on January 20, 2021. Electronic copies of the prospectus supplement, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, New York 10022 or by email at prospectus@allianceg.com. The offering of shares of common stock was made only by means of a prospectus supplement that forms a part of the registration statement.

This press release 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 Inuvo
Inuvo®, Inc. (NYSE American: INUV) is a market leader in artificial intelligence, aligning and delivering consumer-oriented product & brand messaging strategies online based on powerful, anonymous and proprietary consumer intent data for agencies, advertisers and partners. To learn more, visit www.inuvo.com.

Safe Harbor / Forward-Looking Statements

This press release includes certain “forward-looking statements” 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, which are intended to qualify for the “safe harbor” from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements include, without limitation, statements about the expected closing of the offering; anticipated gross proceeds from the offering; and other risks and uncertainties detailed in Inuvo, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, Inuvo’s subsequent Quarterly Reports on Form 10-Q for the periods ended March 31, 2020, June 30, 2020, and September 30, 2020 and our other filings with the SEC. Additionally, forward looking statements are subject to certain risks, trends, and uncertainties including the continued impact of Covid-19 on Inuvo’s business and operations. Inuvo cannot provide assurances that the assumptions upon which these forward-looking statements are based will prove to have been correct. Should one of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements, and investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Inuvo does not intend to update or revise any forward-looking statements made herein or any other forward looking statements as a result of new information, future events or otherwise. Inuvo further expressly disclaims any written or oral statements made by a third party regarding the subject matter of this press release.

Inuvo Company Contact: 
Wally Ruiz  
Chief Financial Officer 
Tel (501) 205-8397 
wallace.ruiz@inuvo.com 

180byTwo named in Analyst firm’s Now Tech: B2B Marketing Data Providers, Q1 2021 Report

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RYE BROOK, N.Y., Jan. 22, 2021 (GLOBE NEWSWIRE) — Leading Account-Based Marketing Technology and Audience Solutions company, 180byTwo, which is owned by MeritDirect, announced today that it has been included in Forrester’s Now Tech: B2B Marketing Data Providers, Q1 2021 report.

For the report, Forrester Principal Analyst Steven Casey examined 36 data providers based on size, functionality, geography and vertical market focus. The result is a detailed report that serves as a resource for B2B marketers to understand the value that they can expect from B2B data providers and select according to business needs.

“We are excited to be recognized in Forrester’s recent report and for having the opportunity to provide information to the Forrester analysts,” said Eric Shaffer, Chief Product Officer at 180byTwo. “We believe being included is a testament of our commitment to the industry and our clients, providing them with a suite of predictive data and technology solutions which they can leverage across activation channels.”

Rob Sanchez, CEO of MeritDirect, commented, “We are committed to providing the highest quality B2B data in the marketplace to complement our existing account-based marketing, predictive analytics and digital data offerings.” He added, “To be included in this report validates for us that we are delivering to our B2B customers the value, solutions, and services that the industry needs and wants.”

180byTwo delivers solutions to meet the growing needs of B2B marketers looking to simplify data workflows and centralize their technology stacks. The company solves for these needs with their Unifi platform, the first end-to-end identity resolution and data activation platform for account-based marketing. The platform enables B2B and Account-Based Marketers to seamlessly execute and measure marketing programs across marketing channels.

180byTwo was acquired by MeritDirect, in November 2020 as part of a strategic initiative as they continue to expand and enhance their Digital and Account-Based Marketing offerings. The acquisition of 180byTwo was MeritDirect’s second acquisition in 2020, followed by the earlier acquisition of Compass Data Solutions in January.

The “Now Tech: B2B Marketing Data Providers, Q1 2021” report is now available online for Forrester customers or for purchase.

180byTwo, based in Clearwater, FL is an industry-leading Business-to-Business and Account-Based Marketing solutions provider. Savvy B2B brands and progressive marketers worldwide use 180byTwo to drive their strategy and maximize marketing ROI. 180byTwo’s suite of Artificial Intelligence-powered Data and Software solutions provide marketers with the tools and expertise needed to orchestrate omni-channel programs seamlessly. More information on 180byTwo can be found at www.180byTwo.com

MeritDirect, based in Rye Brook, NY, with 6 other offices across the US and UK, is the leading provider of B2B data, database products and performance marketing solutions. The Company leverages its leading database technology platform to provide marketers access to the most comprehensive, current and relevant B2B data in the market so they can optimize and improve their customer acquisition and retention efforts. More information on MeritDirect can be found at www.MeritDirect.com

CONTACT:
Deirdre Blohm
MeritDirect
Senior Vice President, Marketing
914.368.1066
dblohm@meritdirect.com

Global $10+ Billion Medical Alert System Markets to 2025 – Increasing Adoption of Smart & Mobile Emergency Response System

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Dublin, Jan. 22, 2021 (GLOBE NEWSWIRE) — The “Global Medical Alert System Market (2020-2025) by System Type, Connection Type, End-user, Offering, Technology, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Medical Alert System Market is estimated to be USD 6.8 Bn in 2020 and is expected to reach USD 10.1 Bn by 2025, growing at a CAGR of 8.3%.

Factors such as the rising geriatric population, technological advancement like the use of AI and IOT in the medical alert system, growing inclination of elder towards independent living, increasing adoption of the mobile personal emergency response system, and various healthcare reforms in different parts of the world are key drivers for the market.

The market is witnessing certain restraining factors, such as rigorous competition among existing medical alert system manufacturers, lower acceptability among seniors for technology use, and the subsequent upswing in large volume purchasing through INHs and GPOs. The introduction of voice-based and mobile medical alert system is creating an opportunity for the market.

Segments Covered

By System Type, Personal Emergency Response System (PERS) holds the largest market share. The reasons for the growth of PERS include rising per capita expenditure towards healthcare across the globe, the availability of advanced medical facilities, rising awareness towards healthcare, etc. With the digital transformation and use of technologies such as IoT, and artificial intelligence (AI), PERS devices are in demand in major parts of the world. They include features like automatic fall detection, automatic call assistance, and location tracking, which helps the elderly individuals in case of an emergency when they are unable to press the help button.

By Connection type, the market is classified into wired and wireless. Wired devices accounted for the largest share in the market. Wired medical alert systems are more reliable, and senior citizens often lack technological awareness and find the wired devices user-friendly. Thus, the wired medical alert system market is the largest revenue-generating segment.

By End User/ Application, the market is classified into Hospitals & Clinics, Home-Based Users, Senior Living Facilities/Senior Care Centres, Assisted Living Facilities, and Others. Home-based users hold the largest market share and are expected to grow more during the forecasted period. It is due to the independence it provides to the senior citizens who want to live alone but are taken care of in case of an emergency.

By Offering, the market is classified into Hardware, Software, and Services. Among them, the Hardware segment accounts for the largest market share. It is due to their demand among elderly people is increasing. The various popular hardware medical alert devices are Fall Detection, Medicine Reminders, Mobile Protection, and Emergency Calling, etc.

By Technology, the market is classified into Two-way Voice Systems, Unmonitored Medical Alert Systems, Medical Alert Alarm (Button) System, IP-based systems, and others. Among them, Two Way Voice Systems will have the largest market share as its application in both residential i.e., Personal and hospital. Also, it has a live response (quick response).

By Geography, North America accounts for the largest market for medical alert systems and is expected to grow more during the forecast period. North America has a robust healthcare system, faster reimbursement policies, and favorable healthcare regulations that drive the market. The market is expected to grow at a faster pace in the APAC region. Major factors driving the medical alert systems market in the APAC are the rapidly growing geriatric population, increased per capita healthcare expenditure, and improving healthcare infrastructure in developing countries such as India and China.

Market Dynamics

Drivers

  • Increase in geriatric population and health literacy across the globe
  • Increasing adoption of smart & mobile emergency response system
  • Technological advancement in medical alert systems
  • Favorable healthcare reform and financial assistance by Government for senior citizens
  • Growing inclination of elders towards independent living

Restraints

  • Increasing incidence of false alarm
  • Integration of connected medical devices into an established ecosystem
  • Lower acceptability among seniors for the use of technology

Opportunities

  • Revolution brought by emerging technologies – IoT & AI
  • The growing number of assisted living centres and retirement homes
  • Introduction of voice-based and mobile medical alert system
  • Transformation in the healthcare sector

Challenges

  • Low penetration of medical alert systems in developing countries

Key Topics Covered:

1. Report Description

2. Research Methodology

3. Executive Summary

4. Market Overview
4.1 Introduction
4.2 Market Dynamics
4.3 Trends

5. Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis

6. Global Medical Alert System Market, By System Type
6.1 Introduction
6.2 Nurse Call Systems (NCS)
6.3 Smart Belt
6.4 Personal Emergency Response Systems (PERS)
6.4.1 Home-based/Landline-based System
6.4.2 Mobile PERS
6.4.2.1 Cellular emergency response system
6.4.2.2 Wireless emergency response system
6.4.2.3 GPS-based emergency response system
6.4.3 Standalone PERS

7. Global Medical Alert System Market, By Connection Type
7.1 Introduction
7.2 Wired
7.3 Wireless

8. Global Medical Alert System Market, By End User
8.1 Introduction
8.2 Hospitals & Clinics
8.3 Home-based users
8.4 Senior Living Facilities/Senior Care Centres
8.5 Assisted Living Facilities
8.6 Others

9. Global Medical Alert System Market, By Offering
9.1 Introduction
9.2 Hardware
9.3 Software
9.4 Services

10. Global Medical Alert System Market, By Technology
10.1 Introduction
10.2 Two-way Voice Systems
10.3 Unmonitored Medical Alert Systems
10.4 Medical Alert Alarm (Button) System
10.5 IP-based systems
10.6 Others

11. Global Medical Alert System Market, By Geography

12. Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Competitive Scenario

13. Company Profiles

  • Koninklijke Philips N.V.
  • Rauland-Borg Corporation
  • Honeywell International
  • Ascom Wireless Solutions
  • ADT Corporation (US)
  • Tunstall Healthcare Group Ltd.
  • Valued Relationships, Inc.
  • Medical Guardian LLC
  • Hill-Rom Holdings Inc.
  • Jeron Electronic Systems Inc
  • Philips Lifeline
  • ADT
  • Tunstall
  • Greatcall
  • Alert-1
  • Connect America
  • Bay Alarm Medical
  • Life Alert

For more information about this report visit https://www.researchandmarkets.com/r/v43kf5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Ehave Closes Transaction to Acquire CureDash Assets, Adds KetaDASH Home Delivery Service for Ketamine Clinics

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MIAMI, Jan. 22, 2021 (GLOBE NEWSWIRE) — Ehave, Inc. (OTC Pink: EHVVF) (the “Company”), a provider of digital therapeutics for the psychedelic and mental health sectors, announced today it completed the transaction to acquire the assets of IV therapy service CureDash www.curedash.com. The CureDash assets include an IV delivery platform that will become the backbone of KetaDASH www.ketadash.com. KetaDASH will provide the platform for medical practitioners to administer ketamine intravenously to patients at home. Ketamine is widely used to lessen the amount of potentially addictive pain medication required after certain medical procedures. Ketamine is now being studied as a treatment for major depression, though it has not yet been approved by the FDA to treat depression.

“The addition of the CureDash team members to the Ehave family is a tremendous milestone for our company. Together we can continue to grow as we help facilitate the treatment of more patients suffering from mental health issues,” said Ben Kaplan, CEO of Ehave. Mr. Kaplan continued, “The psychedelic industry is growing fast and many well-funded leaders have emerged. It is difficult for a smaller company, like Ehave, to compete with the larger, well-funded players who are acquiring Ketamine clinics. Our objective is to complement what these companies are doing by helping them generate revenue from patients they otherwise might not have. As Ehave grows, we could potentially be an acquisition target for one of the industry leaders.”

Ehave intends to provide Ketamine clinics and medical practitioners with software, staffing, protocols, and equipment as part of the KetaDASH platform. Ehave has designed a smart and intuitive Dashboard for KetaDASH that will make it simple for clients and associated nurses to get detailed insight on how the ketamine therapy is working. Patients will be able to create a profile, check availability of administering nurses, and schedule appointments.

According to Multidisciplinary Association for Psychedelic Studies, a non-profit research and educational organization, “There has been a recent explosion of interest in ketamine, a synthetic chemical with powerful antidepressant and visionary properties.” Ketamine was originally developed in the 1960s as a short-acting surgical anesthetic; however, it is emerging as a therapy for treatment-resistant depression, and showing benefits in the treatment of both unipolar and bipolar depression. A recent article on RealMoney.com said, “While there is a lot of fuss about a potential legal market for psilocybin, ketamine is currently where the money is for alternative plant medicine companies. Ketamine clinics are springing up across the country as the total addressable market is estimated to be roughly $16.2 billion.”

Clinics owners and medical practitioners interested in more information are invited to contact Ehave for details.

Additional Ehave Inc. Information

We are truly grateful for the support of EHVVF shareholders! Please join the conversation on our Ehave supporter’s telegram group at https://t.me/EhaveInc.

The company posts important information and updates through weekly videos from the official company YouTube channel https://www.youtube.com/channel/UCnyW1mgMd0qmYkEMq3O6FWA.

Please follow Ehave on Twitter @Ehaveinc1

About Ehave, Inc.

Ehave, Inc. (EHVVF) is a leader of digital therapeutics delivering evidence-based therapeutic interventions to patients. Our primary focus is on improving the standard care in therapeutics to prevent or treat brain disorders or diseases through the use of digital therapeutics, independently or together, with medications, devices, and other therapies to optimize patient care and health outcomes. Our main product is the Ehave Telemetry Portal, which is a mental health informatics platform that allows clinicians to make objective and intelligent decisions through data insights. The Ehave Infinity Portal offers a powerful machine learning and artificial intelligence platform with a growing set of advanced tools and applications developed by Ehave and its leading partners. This empowers patients, healthcare providers, and payers to address a wide range of conditions through high quality, safe, and effective data-driven involvement with intelligent and accessible tools. Additional information on Ehave can be found on the Company’s website at: www.ehave.com.

Forward-Looking Statement Disclaimer

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the USA FDA and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is contained under the heading “Risk Factors” in Ehave, Inc.’s Registration Statement on Form F-1 filed with the Securities and Exchange Commission (SEC) on September 24, 2015, as amended, which is available on the SEC’s website, http://www.sec.gov.

Ehave Inc

Media Inquiries: Gabe Rodriguez

Gabe@Ehave.com

Investor Relations:

Email: Ir@Ehave.com

Phone: (623) 261-9046

Predictive Oncology Announces $4.1 Million Registered Direct Offering Priced At-The-Market under Nasdaq Rules

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MINNEAPOLIS, Jan. 22, 2021 (GLOBE NEWSWIRE) — Predictive Oncology Inc. (NASDAQ: POAI) (“Predictive Oncology” or “the Company”), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine and drug discovery, today announced that it has entered into definitive agreements with several institutional and accredited investors for the issuance and sale of an aggregate of approximately 3,414,970 shares of its common stock, at a purchase price of $1.20 per share, for gross proceeds of approximately $4.1 million in a registered direct offering priced at-the-market under Nasdaq rules. Predictive Oncology has also agreed to issue to the investors unregistered warrants to purchase up to an aggregate of approximately 1,707,485 shares of common stock. The closing of the offering is expected to occur on or about January 26, 2021, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The warrants have an exercise price equal to $1.37 per share, are exercisable immediately upon issuance and will expire five and one-half years from the issuance date.

The Company currently intends to use the net proceeds from the offering for working capital purposes.

The shares of common stock described above are being offered and sold by the Company in a registered direct offering pursuant to a “shelf” registration statement on Form S-3 (Registration No. 333-234073), including a base prospectus previously filed with the Securities and Exchange Commission (the “SEC”) on October 3, 2019 and became effective on December 19, 2019. The offering of the shares of common stock will be made only by means of a prospectus supplement that forms a part of the registration statement. A final prospectus supplement and base prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement and the accompanying base prospectus may also be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at 646-975-6996 or e-mail at placements@hcwco.com.  

The warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants, have not been registered under the Act, or applicable state securities laws. Accordingly, the warrants and the underlying shares of common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws.

This press release 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 Predictive Oncology Inc.

Predictive Oncology (NASDAQ: POAI) operates through three segments (Skyline, Helomics and Soluble Biotech), which contain four subsidiaries: Helomics, TumorGenesis, Skyline Medical and Soluble Biotech.

Helomics applies artificial intelligence to its rich data gathered from patient tumors to both personalize cancer therapies for patients and drive the development of new targeted therapies in collaborations with pharmaceutical companies. TumorGenesis Inc. specializes in media that help cancer cells grow and retain their DNA/RNA and proteomic signatures, providing researchers with a tool to expand and study cancer cell types found in tumors of the blood and organ systems of all mammals, including humans. Skyline Medical markets its patented and FDA cleared STREAMWAY System, which automates the collection, measurement and disposal of waste fluid, including blood, irrigation fluid and others, within a medical facility, through both domestic and international divisions. Soluble Biotech is a provider of soluble and stable formulations for proteins including vaccines, antibodies, large and small proteins and protein complexes. For more information, please visit www.predictive-oncology.com.

Forward-looking Statements

Certain of the matters discussed in this press release contain forward-looking statements that involve material risks to and uncertainties in the Company’s business that may cause actual results to differ materially from those anticipated by the statements made herein. Such risks and uncertainties include: market and other conditions, the completion of the registered direct offering, the satisfaction of customary closing conditions related to the registered direct offering and the intended use of net proceeds from the registered direct offering, a variety of other risks and uncertainties including, among other things, factors discussed under the heading “Risk Factors” in our filings with the SEC. Except as expressly required by law, the Company disclaims any intent or obligation to update these forward-looking statements.

Investor Relations Contact:

Landon Capital
Keith Pinder
(404) 995-6671
kpinder@landoncapital.net

NexTech Sells Its Treasury Bitcoin Holdings and Books a Profit

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VANCOUVER, British Columbia, Jan. 22, 2021 (GLOBE NEWSWIRE) — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (NEO: NTAR.NE) (CSE: NTAR) (FSE: N29), a leading provider of virtual and augmented reality (AR) experience technologies and services for 3D/AR advertising, eCommerce, education, conferences and events today announced that it has sold its Bitcoin ownership of approximately 130.187 Bitcoins and booked approximately a $200,000 profit.

NexTech CEO, Evan Gappelberg comments, “Our investment in Bitcoin in the past was part of our capital diversification strategy with the intent to maximize long-term value for our shareholders. This sale reflects our awareness that something potentially has changed with Bitcoin which is seen as the digital version of gold. The news that has emerged is that a critical flaw called a ‘double spend’ may have occurred, which if true allows someone to spend the same Bitcoin twice, undermining faith in the system. If the system is built on scarcity and faith in the system, then a ‘double spend’ would eliminate both -essentially destroying the store of value it was meant to be. In light of this potential outcome, I have decided to move to cash as this story is still unfolding.”

Recent Company Highlights:

  • January 20, 2021: The Company announced that Microsoft’s Azure Cloud Services platform will be a standard offering across its virtual experience platforms and consumer apps enabling hyper-scalable, secure, and immersive events and applications for users.
  • January 15, 2021: Company has signed a renewal agreement with Poly with an initial value of $470,000 for a six-month term and the potential for additional revenue after the six months.
  • Record Q4 2020 Total Bookings of $7.3 million +275% growth over the same period last year
  • CEO Evan Gappelberg purchased 250,000 shares. This purchase brings his 2020 purchased shares to 1,279,885 common shares of NexTech.
  • Announced the launch of its groundbreaking “Genie in a Bottle” human hologram AR marketing platform and new eCommerce store for its TruLyfe brand of human supplements.
  • Company graduated from the CSE and received approval to list its common shares with the NEO Exchange (“NEO”) senior exchange.
  • Announced that it is expanding its services into the Asia-Pacific market after establishing a presence in Singapore. To support this expansion, NexTech has hired Yau Boon Lim, a technology industry veteran with over 25 years’ experience in strategy, planning, marketing, operations, and business management for various industries in the Asia Pacific market. Lim has held leadership positions within global enterprise technology companies, driving marketing and strategies for blue chip global tech companies, including IBM where he led marketing management, Motorola where he was Head of Strategy and Planning, and SAP where he was Vice President of Marketing for the Asia Pacific market. Lim is based out of Singapore.
  • Coex chooses NexTech as its hybrid virtual event platform partner. Coex is a global leader in Meetings, Incentives, Conferences & Events (MICE); it hosts over 200 exhibitions and 3,000 meetings & events in-house each year in Korea at the Coex convention and exhibition center. Coex also organizes numerous exhibitions throughout Korea and abroad, with international reach in Vietnam, Indonesia, and China.
  • Achieved a record-breaking 315% increase in Black Friday sales year-over-year across its AR eCommerce platform. With 2020 being a year dominated by coronavirus, shoppers have shown that they will embrace the convenience and safety of online shopping more than ever.
  • The Canadian Society of Nephrology (CSN) has chosen NexTech AR’s Virtual Experience Platform (VXP) to host its 2021 Annual General Meeting, taking place May 10-13.
  • Launched a new collaborative streaming solution with AI and AR enhancements, that integrates with its existing Virtual Experience Platform (VXP) and its ARitize SaaS offerings.
  • Appointed Dr. David Cramb to its Board of Directors bringing its board to five members. Having this fifth board member allows the company to meet one of the NASDAQ requirements to qualify for its uplisting, which is in progress.
  • Selected by TEDx Malmö for its first ever virtual event, held on December 12, 2020 in Sweden.
  • A virtual concert featuring Grammy-nominated artist and member of Migos, Offset, in collaboration with the AXR+EXP concert series. The event was hosted via NexTech’s newly acquired AiRShow app.
  • The United Nations Educational, Scientific and Cultural Organization (UNESCO) chose NexTech’s Virtual Experience Platform (VXP) for its “High-Level Futures Literacy Summit.”
  • Restaurants Canada chose NexTech’s Virtual Experience Platform (VXP) platform to transform the 2021 RC Show, taking place February 28-March 3, 2021, into a completely virtual experience. This is Canada’s largest foodservice and hospitality event, the RC Show showcases cutting-edge products, pioneering people, and transformative ideas.

About NexTech AR
NexTech is one of the leaders in the rapidly growing Augmented Reality market estimated to grow from USD $10.7B in 2019 and projected to reach USD $72.7B by 2024 according to Markets & Markets Research; it is expected to grow at a CAGR of 46.6% from 2019 to 2024.

The company is pursuing four verticals:

Virtual Experience Platform (VXP): An advanced Augmented Reality and Video Learning Experience Platform for Events. VXP is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world’s most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages. According to Grandview Research the global virtual events market in 2020 is $90B and expected to reach more than $400B by 2027, growing at a 23% CAGR. With NexTech’s VXP platform having augmented reality, AI, end-to-end encryption, and built-in language translation for 64 languages, the company is well positioned to rapidly take market share as the growth accelerates globally.

ARitize™ For eCommerce: The company launched its SaaS platform for webAR in eCommerce early in 2019. NexTech has a ​ ‘full funnel’ end-to-end eCommerce solution for the AR industry including its Aritize360 app for 3D product capture, 3D/AR ads, its ARitize white label app, its ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.

ARitize™ 3D/AR Advertising Platform: Launched in Q1 2020 the ad platform will be the industry’s first end-to-end solution whereby the company will leverage its 3D asset creation into 3D/AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.

ARitize™ Hollywood Studios: The studio is in development producing immersive content using 360 video, and augmented reality as the primary display platform.

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.

On behalf of the Board of NexTech AR Solutions Corp.
Evan Gappelberg
CEO and Director

For further information, please contact:

Evan Gappelberg
Chief Executive Officer
info@Nextechar.com   

The NEO has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “looking forward” or variations of such words and phrases or statements that certain actions, events, or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements of NexTech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. NexTech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

CloudMD Closes Acquisition of Canadian Medical Directory, the Largest Medical Directory in Canada

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VANCOUVER, British Columbia, Jan. 22, 2021 (GLOBE NEWSWIRE) — CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), a telehealth company revolutionizing the delivery of healthcare to patients, is pleased to announce that it has closed the previously announced acquisition of Canadian Medical Directory (“CMD”), Canada’s largest, most trusted, directory of medical professionals including 91,000 practicing physicians and 10,000 residents and nurse practitioners across the country. The robust, multi-layered database is genuinely unique as no other direct competitor has a SaaS platform that collects and vends the data in such a highly segmented, up-to-date way.

CMD has been trusted as the gold standard for up-to-date information on all medical professionals across Canada in a standard national format. CMD is Canada’s leading source for profile and contact information on practicing physicians, specialists and nurse practitioners, across the country. It’s a key reference tool used by clinics, hospitals, medical placement firms, pharmaceutical companies, and manufacturers and distributors of medical equipment and supplies.

CloudMD will be able to integrate the CMD database into its Juno EMR, billing, virtual care and telehealth platforms, as well as iMD Health’s leading educational resource databank. CloudMD will leverage the CMD brand, customer network and data, to power up and accelerate doctor acquisition and adoption. In addition, CloudMD will use its suite of products and resources to continue building and growing CMD’s robust database.

CMD generated approximately $450,000 in high margin, 100% SaaS based revenues with earnings before interest, taxes, depreciation and amortization (EBITDA) margins exceeding 65%, resulting in an EBITDA of approximately $293,000 over the 12 month period ending September 30, 2020. The Company believes that there is significant opportunity to further optimize the revenue through integration and optimization.

Terms of Agreement

In consideration for the purchase of 100% of the assets and business of CMD, CloudMD has agreed to pay aggregate consideration of approximately $2.037 million payable as follows: (i) $250,000 in cash; (ii) approximately $1.42 million in shares of the Company; and (iii) a performance-based earnout of $368,000, which is payable in shares of the Company in annual issuances over a period of two years. All shares issued pursuant to the acquisition are issued at a deemed price of $2.47 per share and are priced by calculating the 10-day volume-weighted average trading price of the Company’s shares for the 10 trading days prior to the execution of the binding term sheet (Press release dated October 21, 2020). The shares will be subject to certain contractual restrictions on trading for a period of 16 months from the date of issuance.

About CloudMD Software & Services

CloudMD is digitizing the delivery of healthcare by providing a patient centric approach, with an emphasis on continuity of care. The Company offers SAAS based health technology solutions to healthcare providers across North America and has developed proprietary technology that delivers quality healthcare through a holistic offering including hybrid primary care clinics, specialist care, telemedicine, mental health support, educational resources and artificial intelligence (AI). CloudMD currently services a combined ecosystem of over 500 clinics, almost 4000 licensed practitioners and 8 million patient charts across North America.

ON BEHALF OF THE BOARD OF DIRECTORS

“Dr. Essam Hamza, MD”
Chief Executive Officer

FOR ADDITIONAL INFORMATION CONTACT:

Julia Becker
VP, Investor Relations
julia@cloudmd.ca 

Forward Looking Statements

This news release contains forward-looking statements, including statements regarding projected revenue, completion of the CMD acquisition, future business synergies and cost savings. Such forward-looking statements are based on CloudMD’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including the expectations regarding closing of the CMD acquisition and the ability of the Company to carry out its business plans. Although CloudMD believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results, including revenue projections, may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and CloudMD undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Non-GAAP and Non-IFRS Measures

This press release refers to “EBITDA” and “EBITDA margins” which are non-GAAP and non-IFRS financial measures that do not have a standardized meaning prescribed by GAAP or IFRS. The Company’s presentation of these financial measures may not be comparable to similarly titled measures used by other companies. These financial measures are intended to provide additional information to investors concerning the Company’s and CMD’s performance. EBITDA is defined as earnings before interest, taxes, depreciation and amortization and EBITDA margins is defined as EBITDA as a percent of total revenue. EBITDA and EBITDA margins are Non-IFRS measures the Company uses as an indicator of financial health and excludes several items which may be useful in the consideration of the financial condition of the Company and CMD, as applicable, including interest expense, income taxes, depreciation, and amortization.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Global Social Media Management Software Market Report 2021 Featuring Facebook, Oracle, Twitter, Sprout Social, Hootsuite and Zoho

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Dublin, Jan. 22, 2021 (GLOBE NEWSWIRE) — The “Global Social Media Management Software Market (by Deployment, Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)” report has been added to ResearchAndMarkets.com’s offering.

The global social media management software market is anticipated to reach US$5.78 billion in 2024, escalating at a CAGR of 14.52% during the period spanning 2020-2024.

Factors such as increasing adoption of social media, expanding urbanization, growing usage of mobile devices, accelerating growth of BFSI sector and rising trend of social media advertising are expected to drive the market. However, growth of the industry would be challenged by continuous requirement to upgrade and associated risks with social media management software. A few notable trends may include surging adoption of cloud-based solutions, upswing in e-commerce penetration, increasing integration with artificial intelligence and surging need for managing social media accounts.

The global social media management software market is segmented on the basis of deployment and application. Based on the deployment, the global social media management software market can broadly be divided into cloud-based and on-premises. Whereas, depending upon the application, the global market can be segmented into small enterprises, medium organizations and large organizations.

The fastest growing regional market is Americas owing to the growing presence of well-established software vendors, extensive usage of the social media management software as it enables organizations to plan their social strategies much faster, engage with customers, shorten the lead generation cycle and monitor their social feeds better.

Further, the unprecedented time of the COVID-19 pandemic is leveraging the importance of social media marketing among organizations, which is acting as a vital opportunity for marketers to reach customers and to increase their sales during the pandemic situation and thereby is expected to drive the growth of the social media management software market globally.

Scope of the report:

  • The report provides a comprehensive analysis of the global social media management software market segmented on the basis of deployment, application and region.
  • The major regional and country markets (Americas, Europe and Asia Pacific) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Facebook Inc., Oracle Corporation, Twitter, Inc., Sprout Social, Inc., Hootsuite Inc., and Zoho Corporation) are also presented in detail.

Key Target Audience:

  • Social Media Management Software Developers
  • Industry Software Vendors (ISVs) and Venture Capitalists
  • End Users
  • Software Consulting Companies

Key Topics Covered:

1. Market Overview
1.1 Introduction
1.2 Attributes of Social Media Management Software
1.3 Pricing of Social Media Management Software
1.4 Reasons for Using Social Media Management Software
1.5 Examples of Social Media Management Software
1.6 Potential Issues with Social Media Management Software

2. Impact of COVID-19
2.1 Rise in Social Media Advertising
2.2 Escalating Retail E-commerce Website Traffic

3. Global Market Analysis
3.1 Global Social Media Management Software Market by Value
3.2 Global Social Media Management Software Market Forecast by Value
3.3 Global Social Media Management Software Market by Deployment
3.3.1 Global Cloud-Based Social Media Management Software Market by Value
3.3.2 Global Cloud-Based Social Media Management Software Market Forecast by Value
3.3.3 Global On-Premises Social Media Management Software Market by Value
3.3.4 Global On-Premises Social Media Management Software Market Forecast by Value
3.4 Global Social Media Management Software Market by Application
3.4.1 Global Small Enterprises Social Media Management Software Market by Value
3.4.2 Global Small Enterprises Social Media Management Software Market Forecast by Value
3.4.3 Global Medium Organizations Social Media Management Software Market by Value
3.4.4 Global Medium Organizations Social Media Management Software Market Forecast by Value
3.4.5 Global Large Organizations Social Media Management Software Market by Value
3.4.6 Global Large Organizations Social Media Management Software Market Forecast by Value
3.5 Global Social Media Management Software Market by Region

4. Regional Market Analysis
4.1 Americas
4.1.1 Americas Social Media Management Software Market by Value
4.1.2 Americas Social Media Management Software Market Forecast by Value
4.2 Europe
4.3 Asia Pacific

5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Adoption of Social Media
5.1.2 Expanding Urbanization
5.1.3 Growing Usage of Mobile Devices
5.1.4 Accelerating Growth of BFSI Sector
5.1.5 Rising Trend of Social Media Advertising
5.1.6 Mounting Penetration of Internet Users
5.2 Key Trends & Developments
5.2.1 Surging Adoption of Cloud-Based Solutions
5.2.2 Upswing in E-Commerce Penetration
5.2.3 Increasing Integration with Artificial Intelligence
5.2.4 Surging Need for Managing Social Media Accounts
5.3 Challenges
5.3.1 Continuous Requirement to Upgrade
5.3.2 Associated Risks

6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison of Key Players
6.1.2 Market Capitalization Comparison of Key Players
6.1.3 R&D Comparison of Key Players
6.1.4 Global Social Media Management Software Market Share by Key Players

7. Company Profiles
7.1 Facebook, Inc.
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 Oracle Corporation
7.3 Twitter, Inc.
7.4 Sprout Social, Inc.
7.5 Hootsuite Inc.
7.6 Zoho Corporation

For more information about this report visit https://www.researchandmarkets.com/r/55luss

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

United States Self-Service Kiosks Market Report 2021-2025: Self-Service Kiosks Enhance Consumer Experience in the QSR and Retail Segments

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Dublin, Jan. 22, 2021 (GLOBE NEWSWIRE) — The “U.S. Self-Service Kiosks Market” report has been added to ResearchAndMarkets.com’s offering.

The report covers the market for self-service kiosks with regards to the user base, across different end-user industries. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the U.S market for self-service kiosks in 2019 and provides projections for the expected market size through 2025.

Self-service kiosks are interactive and intuitive in nature, making them an important platform for customer self-service. Basically, self-service kiosks are application-specific electronic systems that can significantly increase operational efficiency and are widely regarded as a business tool that can easily streamline products and service delivery. As well, self-service kiosks are used in industrial applications as they can provide streamlined process control effectively.

Kiosks are evolving as an important tool for organizations to evaluate consumer behavior and purchasing habits. Interactive and self-service kiosks are finding applications across domains including quick-service restaurants, healthcare, travel, tourism, entertainment, and retail. Some benefits to businesses from self-service kiosks include lower operational costs, and increased revenue, and a consequent return on investment (ROI).

One of the key reasons for the strong growth of self-service kiosks in the retail space is the need for a multi-channel environment, which is necessary to connect to customers, including prospective customers. In addition, the proliferation of contactless payments, such as those using nearfield communication (NFC) and mobile payment, will also lead to a growing need for self-service kiosks in retail stores.

In the healthcare sector, self-service kiosks can be used for a variety of purposes such as appointment check-in, secure patient identification, real-time demographics verification, real-time eligibility checks, consent form viewing and e-signature, outstanding balance, and co-pay collection, alert notifications, facility directions, and ordering prescription refills.

Revenue forecasts for this period are segmented based on the application and end-user industry. Market values have been estimated based on the total revenue of self-service kiosks OEMs, software providers, and service providers.

Market projections for 2021 were estimated based on the assumption that the distribution of COVID-19 vaccines will be largely completed by the end of the second quarter of 2021.

The Report Includes:

  • 52 tables
  • An overview of the U.S self-service kiosks market
  • Estimation of the market size and analyses of market trends, with data from 2019, estimates for 2020 to 2025 with projections of compound annual growth rates (CAGRs) through 2025
  • Market share analysis of the self-service kiosks market, by application and end-user verticals
  • Identification of market drivers, restraints, and other forces impacting the market and analysis of the current regulations in the self-service kiosk market
  • Information on benefits of kiosk enabled healthcare system and applications of self-service kiosks for telemedicine
  • Impact analysis of COVID-19 on self-service kiosk market and discussion on future of self-service kiosks
  • Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies
  • Comprehensive company profiles of the leading players of the industry, including Acquire Digital Inc., DynaTouch, Honeywell International Inc., TEAMSable POS, and Zebra Technologies Corp.

Key Topics Covered:

Chapter 1 Introduction

  • Study Goals and Objectives
  • Scope of Report
  • Reasons for Doing the Study
  • Intended Audiences
  • Information Sources
  • Methodology
  • Analyst’s Credentials
  • Custom Research
  • Related Reports

Chapter 2 Summary and Highlights

Chapter 3 U.S. Self-Service Kiosks: Market Overview

  • History of Self-Service Kiosks
  • Adoption of Kiosks in Non-Traditional Industries
  • Further Popularity of Small-Sized Models
  • Period of Acquisitions, Mergers and Partnerships
  • Future of Self-Service Kiosks
  • Development of Artificial Intelligence-Based Self-Service Kiosks
  • Tablet Kiosks: Future of Self-Service
  • Impact of COVID-19
  • Consumer Perception Towards Touchscreen Kiosks
  • Growth in Demand for Touchless Kiosks
  • Increase in Usage of Mobile Phones for Self-Ordering
  • Regulatory Impacts
  • ADA & Accessibility
  • Access Board Regulations
  • PCI Regulations
  • EMV Regulations
  • HIPPA Regulations
  • FDA Regulations
  • Market Drivers
  • Self-Service Kiosks Enhance Consumer Experience in the QSR and Retail Segments
  • Self-Service Kiosks Increase Revenue and Reduce Operating Costs
  • Growth of Smart City Kiosks
  • Increasing Demand for Contactless Payment
  • Market Restrains
  • Increasing Cyberattacks
  • High Initial Costs

Chapter 4 U.S. Self-Service Kiosks Market by Application

  • Introduction
  • Check-In Kiosks
  • Check-Out Kiosks
  • Ticketing Kiosks
  • Self-Ordering Kiosks
  • Financial Services Kiosks
  • Bill Payment Kiosks
  • Digital Signage Kiosks
  • Bitcoin Kiosks
  • Temperature Screening Kiosks
  • Others

Chapter 5 U.S. Self-Service Kiosks Market by End-User Industry

  • Introduction
  • Hospitality & Entertainment
  • Financial Services
  • Medical/Healthcare
  • Benefits of Kiosk-Enabled Healthcare System
  • Applications of Self-Service Kiosks for Telemedicine
  • Retail
  • Restaurants & Quick Service Restaurants
  • Travel & Transportation
  • Government
  • Educational Institutions
  • Others

Chapter 6 Competitive Landscape

  • Market Share Analysis
  • Strategic Analysis
  • Key Developments

Chapter 7 Company Profiles

  • 22Miles Inc.
  • Acquire Digital Inc.
  • Alveni Llc (USA)
  • Analytical Design Solutions Inc., DBA Kioware
  • Au Optronics Corp.
  • Burroughs Inc.
  • Dynatouch
  • Evoke-Creative
  • Frank Mayer And Associates Inc.
  • Honeywell International Inc.
  • Kiosk Group
  • Kiosk Innovations
  • Kiosk Information Systems
  • Lilitab Llc
  • Marathon Deployment Inc.
  • Mimo Monitors
  • Nanonation Inc.
  • Olea Kiosks Inc.
  • Parabit Systems
  • Peerless Industries Inc.
  • Provisio Llc
  • Pyramid Computer Gmbh
  • Qwick Media Inc.
  • Self-Service Networks
  • Storm Interface
  • Teamsable Pos
  • Tech For All Inc.
  • Vispero
  • Zebra Technologies Corp.

For more information about this report visit https://www.researchandmarkets.com/r/h8zmon

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Loop Insights Selected by bdG Sports To Provide Fourth Venue Management Platform In A Live Environment For Paiute Las Vegas Golf Championship

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VANCOUVER, British Columbia, Jan. 22, 2021 (GLOBE NEWSWIRE) — Loop Insights Inc. (MTRX:TSXV OTCQB:RACMF) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing to the brick and mortar space, is pleased to announce the Company has been selected by bdG Sports to provide its complete venue management platform to the Paiute Las Vegas Championship, a Korn Ferry Tour event, which will be played April 12-18, 2021 at the Las Vegas Paiute Golf Resort. 

KORN FERRY FEATURES OVER 20 TOURNAMENTS IN 2021 AS DEVELOPMENT TOUR FOR PGA TOUR

The Korn Ferry Tour is the developmental tour for the U.S.-based PGA Tour and features professional golfers who have either not yet reached the PGA Tour, or who have done so but then failed to win enough FedEx Cup points to stay at that level. Since the 2013 season, the Korn Ferry Tour has been the primary pathway for those seeking to earn their PGA Tour card.

The tournament will have a full field of 156 players who will compete for a $600,000 purse. More importantly, participants will be competing in a season-long points race with the Top 25 finishers of the regular season earning PGA TOUR cards for the 2021-22 season. Local members of the Tour include Harry Hall, David Lipsky, Taylor Montgomery, and John Oda.

The implementation of Loop’s venue management platform at the Paiute Las Vegas Championship is another significant vote of confidence from the professional sports world following the successful deployment of our venue management platform at multiple live events.

bdG Sports CEO, Brooks Downing stated, “By incorporating Loop and its services as a key element of our event management structure, we were successful in completing our NCAA basketball tournaments despite a global pandemic that had crippled our industry. So without question, having a chance to launch a new opportunity with the Korn Ferry Tour meant reloading our event management team with the power of Loop so we can ensure that we are successful in both protecting our participants as well as maximizing our marketing efforts.”

Loop has established a testing partnership with Empower Clinics (CBDT:CSE) (EPWCF:OTC) (8EC:FRA) to provide the company with safe and reliable COVID-19 testing at the Championship.

Loop Insights CEO Rob Anson stated: “Loop Insights is proud to once again be selected as the venue management provider for bdG Sports and the Paiute Las Vegas Golf Championship. The multiple successful deployments of our venue management platform at major sporting events over the last three months demonstrate our global leadership ability to secure any venue through our complete end-to-end venue management solution. The scope of the Paiute Las Vegas Championship will again demonstrate the strength and scalability of our platform. We look forward to working with bdG Sports once again to protect all participants and attendees.”

EVENT REVENUE MODEL AND LAS VEGAS ECONOMIC IMPACT

Loop Insights will earn revenue from an event license fee, as well, per-user fees for all persons involved in the event including event staff, officials, players, fans, and media who will receive an all-access pass.

Loop’s Wallet pass creates a direct communication channel with attendees, allowing Loop to send personalized promotions and marketing opportunities directly to users’ mobile phones in partnership with tournament partners including sponsors, brands, merchants, and retailers. Utilizing the Wallet Pass Technology, Loop will onboard fans, competitors, coaches, and staff (“attendees”) to:

In the bdG press release announcing the Championship, Jeff Reid, General Manager at the Las Vegas Paiute Golf Resort stated, “We are glad that we are in position to host the Korn Ferry Tour during these uncertain times while bringing much needed economic impact to Las Vegas, as well as to help continue to grow the game of golf. This will be a win-win for all involved.”

In a featured story on AWS Amazon titled “Restarting the Travel and Hospitality Industry: An AI-powered Solution”, Loop CEO Anson further added:

“Since the onset of the pandemic, we’ve been working with AWS to develop a solution that will allow for a safe reopening of the economy, particularly within the travel and hospitality industry. Our customers in the industry are looking to maintain a safe and secure environment to welcome back their guests. Operators dependent on large crowds, including hoteliers hosting business travelers for conferences or other large events, face greater challenges. Although hotels have adapted to follow stringent health and safety measures, continued technological innovation is needed to further reduce occupancy limitations and host large groups again.”

LOOP HISTORY OF DELIVERING WORLD’S FIRST EVER VENUE BUBBLES IN A LIVE ENVIRONMENT

On October 8th, 2020 Loop announced it was selected as the Premier Venue Tracing and Fan Engagement Solution for NCAA College Basketball #VegasBubble in Las Vegas, where games are being played at MGM Grand Garden Arena, Mandalay Bay Events Center, and T-Mobile Arena between November 25 and December 22, 2020.

On November 9th, 2020 Loop announced it would Implement the First-Ever Fully Integrated “Venue Bubble” (End-To-End Testing, Contact Tracing, and Alert Notifications) at the #BeachBubble NCAA College Basketball Tournament in Fort Myers, Florida, hosting 14 NCAA Division I men’s and women’s basketball teams in November and December that were playing at both Hertz Arena and Alico Arena (FGCU) while lodging at the Hyatt Regency.

On December 1st, 2020 Loop announced achieving 100% success in delivering the first-ever fully integrated “Venue Bubble” in live environments at both NCAA College Basketball Tournaments. In total, Loop provided 14 check-in locations that traced over 550 athletes, coaches, and staff members at the two tournaments. Live demonstrations of the Venue Bubbles lead to significant discussions about some of North America’s largest sporting events in 2021, with additional events to be announced.

On January 8, 2021, Loop announced it was selected by bdG Sports to provide its venue management platform to the Big West Conference Men’s and Women’s Basketball Championships being held March 9-13, 2021 at the Mandalay Bay Events Center in Las Vegas.

Following the success of the first-ever venue bubble, Loop Insights has been engaged in discussions with professional sports teams, global hospitality companies, travel groups, airlines, and event hosts in search of a solution to enable the safe resumption of their operations and ensure their long-term viability and sustainability. The success of Loop’s first-ever venue bubble is directly responsible for bdG’s continued interest in deploying Loop’s venue management platform.

EXTENDING VENUE BUBBLES TO FILM AND TRAVEL

On October 19th Loop Insights and Empower Clinics announced the combination of their respective Venue Tracing and COVID-19 testing expertise to create the first-ever “Travel Bubble” solution for the global travel industry. Subsequently, on December 9th Loop and Empower partnered with SimpliFlying, the world’s leading aviation marketing consulting firm, to support specific near-term opportunities with World Renown Resorts, National Tourism Boards, Major Airlines, Airports, Cruise Ships, and Ports.

On December 14th Loop Insights expanded its venue bubble platform to create a “film bubble”, in partnership with Draganfly’s “Safe Set” solution, for an upcoming major motion picture (“MMP1”) that is scheduled to commence filming in January 2021. The name of the film and the starring actors will remain confidential until the commencement of filming.

This Press Release Is Available On The Loop Insights Verified Forum On AGORACOM For Shareholder Discussion And Management Engagement https://agoracom.com/ir/LoopInsights/forums/discussion

About bdG Sports:

bdG Sports is a representation, event management, and public relations firm operating on an international platform within the sports marketing industry. bdG manages multiple college basketball and college hockey events in the United States each season with events in Southwest Florida, Las Vegas, and The Bahamas. bdG’s golf division manages the season-opening tournaments of the Korn Ferry Tour each January in The Bahamas, hosts premium Pro-Ams throughout the year and launched the Unbridled Tour mini-tour series in 2020. For more information, visit www.bdglobalsports.com or follow on @bdGlobalSports on Twitter, Facebook, or Instagram.

About Loop Insights

About Loop Insights: Loop Insights Inc. is a Vancouver-based Internet of Things (“IoT”) technology company that delivers transformative artificial intelligence (“AI”) automated marketing, contact tracing, and contactless solutions to the brick and mortar space. Its unique IoT device, Fobi, enables data connectivity across online and on-premise platforms to provide real-time, detailed insights and automated, personalized engagement. Its ability to integrate seamlessly into existing infrastructure, and customize campaigns according to each vertical, creates a highly scalable solution for its prospective global clients that span industries. Loop Insights operates in the telecom, casino gaming, sports and entertainment, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s products and services are backed by Amazon’s Partner Network and sold through the TELUS IoT Marketplace.

For more information, please contact:

Loop Insights Inc.   LOOP Website: www.loopinsights.ai
Rob Anson, CEO   Facebook: @ LoopInsights
T : +1 877-754-5336 Ext. 4   Twitter: @ LoopInsights
E: ir@loopinsights.ai   LinkedIn: @ LoopInsights

Forward-Looking Statements/Information:

This news release contains certain statements which constitute forward-looking statements or information. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Loop’s control, including the impact of general economic conditions, industry conditions, and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Loop believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Loop does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Loop should be considered highly speculative. There can be no assurance that Loop will be able to achieve all or any of its proposed objectives.

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.