TORONTO, ON / ACCESSWIRE / August 31, 2016 / Enerdynamic Hybrid Technologies Corp. (TSXV: EHT) (“EHT” or the “Company”) is pleased to announce that it has shipped the first microgrid system to Ghana West Africa. This smartgrid energy solution utilizing solar panels and battery storage will generate approximately $500,000 in revenue to EHT. The customer, a local hotel complex expects to see a 6-year payback on this green energy investment.

EHT has utilized its specialized expertise to create a smart microgrid energy solution that will take this modern hotel complex completely off the local power grid, a system that has proven to be both expensive and unreliable. EHT’s smartgrid solution will allow three separate buildings, all connected in the EHT microgrid, to generate and share power between themselves and on demand.

The three combined buildings will generate over 500kWh daily and the system is believed to be the first of its kind in Ghana to communicate in such a unique way. The smart microgrid energy system is designed to transfer the power produced to any of the three buildings connected to the smartgrid. This will allow all buildings in this grid to be both a generator and a consumer of power. This concept lends itself to entire villages and communities producing their own electricity and sharing the power produced locally among various buildings. This local power production reduces line losses and costly power transmission infrastructure that takes extended periods of time to plan and build.

EHT sees the West African region as an area of focus for its modular building system and microgrid power technologies. This region has a population in excess of 400 million people with both low cost housing and power supply in high demand. This microgrid solution, combined with the completion of the two recently shipped self- powered model homes in Ivory Coast, will showcase the benefits that EHT can deliver to this fast growing region.

About EnerDynamic Hybrid Technologies

EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. Most energy products and solutions can be implemented immediately wherever they are needed. EHT stands above its competitors by combining a full suite of solar PV, wind and battery storage solutions, which can deliver energy 24 hours per day in both small-scale and large-scale format. In addition to traditional support to established electrical networks, EHT excels where no electrical grid exists. The organization supplies advanced solutions for various industries in combination with energy saving and energy generation solutions. EHT’s expertise includes the development of module structures with full integration of smart energy solutions. These are processed through EHT’s production technologies into attractive applications: modular homes, cold storage facilities, schools, residential and commercial out buildings and emergency/temporary shelters.

Neither 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.

The statements herein that are not historical facts are forward-looking statements. Forward-looking information involves risk, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Although EHT believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. EHT disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

FOR FURTHER INFORMATION PLEASE CONTACT:

John Gamble
Director
(289) 488-1699
jgamble@ehthybrid.com
info@ehthybrid.com
Company Website: www.ehthybrid.com

SOURCE: Enerdynamic Hybrid Technologies Corp.

ReleaseID: 444575

Wholesale Channel Expert and Veteran Mortgage Banker to Serve as Senior Vice President, Divisional Sales Leader for the Western U.S. for Stearns Wholesale

SANTA ANA, CA / ACCESSWIRE / August 31, 2016 / Stearns Lending, LLC, a leading provider of mortgage lending services in Wholesale, Retail, Correspondent and Strategic Alliances sectors, is pleased to announce that Michael Gallo has been named Senior Vice President, Wholesale Divisional Sales Leader, responsible for day-to-day management and oversight of loan production in the Company’s Western Division.

“We are very excited that Michael has elected to join us. His expertise and proven track record in wholesale lending spans more than 20 years, and he brings fresh perspective, balance and insight to the channel,” said Michael J. Royer, Managing Director, Wholesale at Stearns Lending. “Michael will be an incredibly valuable addition to our team as we execute on strategic initiatives to grow market share and continue to meet needs and exceed expectations of our business partners and their clients.”

Prior to joining the Company, Gallo served as the Senior Vice President, National Operations Wholesale Lending at Caliber Home Loans. Earlier in his career he held senior leadership positions at MetLife Home Loans and Bank of America Home Loans.

“Stearns Wholesale has an exceptional management team, a superior business model and a track record for success as one of the top wholesale organizations in the country. I am thrilled to join this dynamic group and look forward to playing my part as we strive to achieve even higher levels of success,” said Gallo.

Gallo is based at the Lewisville, Texas office of Stearns Lending, and will work closely with the Company’s Wholesale Regional Sales Leaders and other key team members to support efforts to meet the long-term goals and vision for Stearns Wholesale.

For more than 25 years, Stearns has been helping employees, borrowers and business partners to reach their goals by successfully exceeding expectations and leading the industry with innovation and efficiency. To learn more about Stearns, visit stearns.com and join.stearns.com.

About Stearns Lending, LLC

Stearns Lending, LLC is a leading provider of mortgage lending services in Wholesale, Retail, Correspondent and Strategic Alliances sectors throughout the United States. Currently ranked as #2 Wholesale Lender nationwide*, Stearns Lending continues to expand as a company overall, making the Inc. 5000 list of Fastest Growing Private Companies in America in 2013, 2014 and 2015**, based on revenue growth of 250% over a three-year period.

Stearns Lending is an equal housing lender and is licensed to conduct business in 49 states and the District of Columbia. Additionally, Stearns Lending is an approved HUD (United States Department of Housing and Urban Development) lender; a Single Family Issuer for Ginnie Mae (Government National Mortgage Association); an approved Seller/Servicer for Fannie Mae (Federal National Mortgage Association); and an approved Seller/Servicer for Freddie Mac (Federal Home Loan Mortgage Corporation). Stearns Lending is also approved as a VA (United States Department of Veterans Affairs) lender, a USDA (United States Department of Agriculture) lender, and is an approved lending institution with FHA (Federal Housing Administration). Stearns Lending, LLC is located at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707. Company NMLS# 1854.

For more information, visit www.stearns.com.

Media Contact
Brad Hoke
bhoke@stearns.com
Executive Vice President
972-521-1057

References

*http://www.insidemortgagefinance.com/

Top Broker Channels. Rep. no. 12M2015. Inside Mortgage Finance, Dec. 2015. Web. 15 Mar. 2016.

**http://www.inc.com/profile/stearns-lending

“The 2013 Inc. 5000.” The 2013 Inc. 5000. Inc.com, Aug. 2013. Web. 18 Mar. 2015.
“The 2014 Inc. 5000.” The 2014 Inc. 5000. Inc.com, Aug. 2014. Web. 18 Mar. 2015.
“The 2015 Inc. 5000.” The 2015 Inc. 5000. Inc.com, Aug. 2015. Web. 18 Mar. 2015.

SOURCE: Stearns Lending, LLC

ReleaseID: 444409

FutureLand Enters Its First Recreational Cultivation License in Oregon

DENVER, CO / ACCESSWIRE / August 31, 2016 / FutureLand Corp (OTCQB: FUTL), a leading provider of strategic real estate investment, grow facilities, and solutions to the global cannabis industry, provides an update on its progress and direction of the company.

Originally, FutureLand Corp’s primary focus was on pursuing land leasing opportunities in states such as Colorado and Washington. However, realizing the enormous opening of the medical and recreational cannabis sectors, we decided to expand the scope of business to include medical and recreational cannabis cultivation.

Looking to the future, it seems natural to include the purchase of dispensaries and infused product licenses where vertical integration is possible. While not all states currently allow publicly traded companies to have ownership, FutureLand realizes the opportunity for ownership is on the horizon, and stands ready to take full advantage.

Initial expansion efforts are already underway, with initial advances just outside the city limits of Grants Pass in Southern Oregon. FutureLand Corp Purchased 50% ownership of 78 acres from HSPendleton, LLC. Together with John Miller of Groovy Groves, plans are underway to file for a recreational license in Josephine County and build out a recreational grow facility with a fully integrated supply chain which consists of a sophisticated on-site cultivation facility and its portfolio of proprietary strains. The estimated forward proforma 12-month GAAP revenue for Grants Pass, Oregon will be over $9 million.

“Based in Oregon, Grants Pass is strategically positioned to capitalize on the recreational cannabis market in Oregon, which is expected to significantly expand in 2016. Today’s announcement is a continuation of that vision and I am confident this acquisition will enable FutureLand to achieve rapid growth for the benefit of its stockholders,” says, CEO Mr. Cox.

“Also, our partners already have another site 10 miles away from Grants Pass where they possess a recreational cultivation license and about 265 acres in Wolf’s Creek, Oregon. FutureLand holds a first right of refusal on the property and opportunity. The purchase of this property alongside Grants Pass will increase our estimated forward proforma 12-month GAAP revenue from $9 million to $24 million,” concludes Mr. Cox.

Always seeking additional advances, the company has not stopped looking at opportunities in Jamaica, California, other parts of Oregon, Washington, Kentucky (Hemp), Canada, Puerto Rico and more. Included in this are some targeted acquisitions that could set the stage for an up-list to a higher exchange.

Additionally, FutureLand is still working closely with HempTech (OTCPINK: HTCO) and Tinkerer’s Obsession Labs to get 1000 grow pods placed around the US and Canada for native tribes to grow cannabis in conjunction with the partnership group.

About FutureLand Corp

FutureLand Corp., a Colorado company, is a cannabis and hemp specialty zoned land leasing company formed to capitalize upon the emerging global cannabis market. FutureLand, focuses on target acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States. We give growers the opportunity to grow. We monetize through leasing the land, leasing the structures on the land, financing interest revenue and management fees associated with cultivation centers. FutureLand retains ownership of all the land and the structures. FutureLand leases to both medical marijuana, retail marijuana as well as industrial hemp growers. FutureLand does not currently grow, distribute or sell marijuana, but this is about to change. To request further information about FutureLand, please email us at info@futurelandcorp.com, log onto our website at http://www.futurelandcorp.com, or visit us on FB @ futurelandcorp and Twitter @futurelandcorp.

About HempTech Corp

HempTech Corp (OTC PINK: HTCO), a Nevada corporation, is a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and cannabis. We design and engineer specialized products using advanced sensors, process control techniques, big data aggregation, analytics and security solutions so cannabis growers can easily and effectively control every aspect of their operation. Through HempTech technologies, virtually every component of the plants’ vegetative growth matrix and flower harvest is automated, documented and available in visible format both in real time and historically. This simplifies operations and ensures that the baselines set by the master grower are adhered to by the cultivation staff.

The Intelligent Automation Technology engineered for agricultural operations featuring CognetiX Cultivation Automation & Analytic Software drives improvement in productivity, efficiency, quality and sustainability. This industrial grade advanced Controlled Environment Agriculture (CEA) with analytical technology software, is being made available to small and large size cultivators that are not yet available in the Cannabis market. HempTech’s goal is to provide cost effective and efficient cultivation of indoor cannabis through intelligent technologies and process control platforms.

HempTech’s mission is to establish a reputation in the cannabis industry as a one-stop-shop that provides all the infrastructure elements required by growers in a manner that is fully integrated, state-of-the-art, and secure. Products include the SPIDer™ (Secure Perimeter Intrusion Detection), SmartSense™, SmartEnergy, and analytics dashboard CognetiX™ through which HempTech Corp. provides growers unparalleled data analysis capabilities to Know Your Grow! HempTech — America’s Future Taking Root Today.

To request further information about HempTech, please email us at info@hemptechcorp.com, log onto our website at http://www.hemptechcorp.com
or visit us at our Facebook page https://www.facebook.com/hemptechcorp or on Twitter @hemptechcorp.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact:

Media Contact

FutureLand Corp.

http://www.futurelandcorp.com

info@futurelandcorp.com

cox@futurelandcorp.com

(720) 370-3554

Twitter – @futurelandcorp

Facebook – futurelandcorp

SOURCE: FutureLand Corp

ReleaseID: 444529

KELOWNA, BC / ACCESSWIRE / August 31, 2016 / Lexaria Bioscience Corp. (OTCQB:LXRP) (CSE:LXX) (the “Company” or “Lexaria”) announces it has closed the final tranche of the private placement equity financing announced July 5. The Company is pleased that the financing was fully subscribed.

This final tranche was for 3,266,666 equity units priced at US$0.06; each equity unit consisting of one common share of the Company and one non-transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company for a period of two years from the date of issuance, at a purchase price of US$0.14; in order to raise gross proceeds of US$196,000 (the “Private Placement”). After the issuance of these shares, the Company will have 51,288,477 shares issued and outstanding.

All funds raised of US$196,000 will be used to continue deployment and marketing of hemp based food products, for investor relations, and for G&A and general working capital.

The securities issued will be subject to a hold period in Canada of four months and one day, or for any resales into the USA under Rule 144, six months and one day. The Private Placement is subject to normal regulatory approvals.

Placement fees of US$6,000 were paid and 100,000 broker warrants issued in connection with this tranche of the private placement.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Lexaria’s unique patent pending technology allows for more effective absorption of certain molecules such as vitamins and cannabinoids, while simultaneously masking and at times even eliminating inherent strong flavours and/or odors. Lexaria’s technology is extremely cost effective to implement and applicable to a wide spectrum of foods, capsules, and beverages.

About Lexaria

Lexaria Bioscience Corp. is a food sciences company focused on the delivery of active compounds that can behave as superfoods through its proprietary infusion technologies. Lexaria’s technology enables higher bioavailability rates for CBD; THC; NSAIDs; Nicotine and other molecules than is possible without lipophilic enhancement technology. This can allow for lower overall dosing requirements and/or higher effectiveness in active molecule delivery. Lexaria hopes to reduce other common but less healthy ingestion methods such as smoking as it embraces the benefits of public health. www.lexariaenergy.com

FOR FURTHER INFORMATION PLEASE CONTACT:

Lexaria Bioscience Corp.
Chris Bunka
Chairman & CEO
(250) 765-6424

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. Access to capital, or lack thereof, is a major risk and there is no assurance that the Company will be able to raise required working capital. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, the patent application and approval process and other factors which may be identified from time to time in the Company’s public announcements and filings. There is no assurance that the hemp oil sector or alternative health businesses will provide any benefit to Lexaria, or that the Company will experience any growth through participation in these sectors or as a result of the license agreement. There is no assurance that existing capital is sufficient for the Company’s needs or that it will be able to raise additional capital. There is no assurance that Lexaria will successfully complete any other contemplated or existing technology license agreements, nor that Lexaria’s technology will deliver any improvement in taste or bioavailability with any reliability nor across any product category. There is no assurance that any planned corporate activity, business venture, or initiative will be pursued, or if pursued, will be successful. There is no assurance that any hemp oil or cannabinoid-based product will promote, assist, or maintain any beneficial human health conditions whatsoever, nor that any patent application in the USA or any other nation or under any treaty will result in the award of an actual patent; nor that an award of any actual patent will protect against challenges from unknown third parties. There is no assurance that any of Lexaria’s postulated uses, benefits, or advantages for the patent-pending technology will in fact be realized in any manner or in any part. No statement herein has been evaluated by the Food and Drug Administration (FDA). ViPovaTM products are not intended to diagnose, treat, cure or prevent any disease.

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

SOURCE: Lexaria Bioscience Corp.

ReleaseID: 444547

TrackLinq Business Application Solutions Tracks and Links Client Data from ‘Issue to Resolution’

LOS ANGELES, CA / ACCESSWIRE / August 31, 2016 / Jeff Wall is pleased to announce the launch of his innovative new TrackLinq BAS software. TrackLinq Business Application Solutions offers users a tracking and data linking solution which will maximize productivity by providing clients with an application filled with all the features a business needs for tracking and data linking.

For more information about TrackLinq BAS and how it works, please visit http://goo.gl/PPDctt at any time.

As a spokesperson for TrackLinq BAS noted, the application tracks client issues and tasks, tracking the client’s customers, employees, orders, purchases, inventory, time sheets, assets, and other important data required to complete virtually any request, all on a client-friendly interface.

The paid subscription cloud based incident reporting and tracking web app is ideal for any business that is juggling both customers and clients. It is available as a downloadable and user-friendly stand-alone application that can easily be installed at the user’s business location.

As someone who has been in the IT service business for almost 30 years, Wall has learned the importance of being service oriented. A self-described “old school guy,” he knows how crucial it is to increase productivity and accountability as much as possible. He also understands how vital it is to keep track of client instances, as well as manage inventory, purchase orders and more.

“All businesses have internal and external customer issues,” Wall said, adding that successful businesses learn from failures and issues, which in turn improves their overall customer satisfaction.

“Any small or medium sized business will benefit from TrackLinq BAS extensive list of features and client configurable fields. TrackLinq BAS is not only for external clients; it is a valuable tool for internal use, tracking internal organizational issues and resolutions.”

In order to help pay for the production costs associated with creating the TrackLinq BAS software, Wall recently launched a fundraiser on Kickstarter. He hopes to raise $40,000 through crowdfunding in order to help maintain and support the network infrastructure behind the helpful app.

About TrackLinq BAS:

TrackLinq BAS is a paid subscription cloud based incident reporting and tracking web application. TrackLinq BAS tracks and links client data from issue to resolution in a user friendly web front end with a SQL 2014 relational database on the back end. For more information, please visit http://goo.gl/PPDctt.

Contact:

Carroll Ward
admin@rocketfactor.com
(949) 555-2861

SOURCE: TrackLinq BAS

ReleaseID: 444572

Stolen from him in 2011, Dick Sutphen regained the rights to his company and has been hard at work curating all of it on his new website

LOS ANGELES, CA / ACCESSWIRE / August 31, 2016 / Dick Sutphen’s story is as unusual as they come. Originally an artist for a large national ad agency, he later gained interest in past life regression and found success with creating books, audio cassettes, and workshops to help people remember their past lives.

Leaving the ad industry in 1970, he devoted himself full time to all things spiritual, and over the years he created an anthology of highly regarded material relating to the spiritual realm.

To learn more about Dick Sutphen, please visit: http://goo.gl/bRHyIi

In 2011, Dick’s life was turned upside down when his bank accounts were hacked into and all his master products, studio inventory and corporation records were taken.

After 3 years of litigation, Dick won his court battle in 2014 and regained full control of his Corporation, but none of the Sutphen Corp property was ever recovered.

Always the optimist, Dick has spent the last 2 years hard at work recompiling his anthology into modern forms of media, uploading them to his website and making them available for purchase by the general public.

His work is based on the central tenets of spirituality including past lives and karma, freedom from/of the self, accepting what is, detaching from outcome, nurturing an inherit psychic ability, and bringing the attention into the present moment.

Dick’s students are fiercely loyal, and he constantly adds to a long list of testimonials such as this one from a student named Joan: “Just wanted to say that you have been enriching my life for more than 35 years. I want to thank you. I will be forever grateful.”

Dick and Roberta Sutphen have taken the project to the pages of Kickstarter to request backing for the monumental project of digitizing his entire anthology. Step by step his past works are being brought back to life, and through the experience Dick has been able to practice exactly what he teaches. After all, without suffering there could be no enlightenment.

About Dicks Sutphen:

Dicks Sutphen is a spiritual leader who has been teaching and creating metaphysical content since the early 1970s. In 2011, his bank accounts were drained and his company was stolen. After 3 years of legal proceedings, Dick finally got his company back, and today he is rebuilding his works with his wife Roberta. To learn more about Dick Sutphen, please visit: http://goo.gl/bRHyIi

Contact:

Clayton Mann
admin@rocketfactor.com
(949) 555-2861

SOURCE: Dicks Sutphen

ReleaseID: 444573

MISGAV, ISRAEL / ACCESSWIRE / August 31, 2016 / The Trendlines Group Ltd. (SGX: 42T, OTCQX: TRNLY), an innovation investment and commercialization company focused on technology in the medical and agricultural fields, announces that the Company has qualified to have its American Depositary Receipts (ADRs) trade on the OTCQX® Best Market. Trendlines will maintain its primary listing on the Singapore Exchange (SGX) and will begin trading today under the ADR symbol TRNLY.

Each Trendlines ADR represents 50 ordinary shares. Investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcmarkets.com. BNY Mellon has been appointed to act as the Principal American Liaison (“PAL”) in connection with sponsoring the Company’s securities on the OTCQX.

Commenting on the trading approval for the Trendlines ADRs, Steve Rhodes, Chairman and CEO of Trendlines, said, “We are excited to be trading on the OTCQX, allowing us to raise the profile of The Trendlines Group in the North American investment community. We are fortunate to have a strong shareholder base in North America, including those who invested in Trendlines prior to our IPO in Singapore in November of 2016. This ADR program creates a broader secondary market for the Company’s securities, and enables U.S. investors to trade more easily in the Company’s securities. We thank BNY Mellon and OTC Markets for their support and assistance through this process, and we look forward to updating the investment community as we move forward.”

The Trendlines Group is an innovation commercialization company that invents, discovers, invests in, and incubates innovation-based medical and agricultural technologies to fulfill its mission to improve the human condition. As intensely hands-on investors, Trendlines is involved in all aspects of its portfolio companies from technology development to business building. The Trendlines Group is traded on the Singapore Stock Exchange (SGX: 42T) and in the United States as an American Depositary Receipt (ADR) on the OTCQX (OTCQX: TRNLY).

Forward-Looking Statement

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “believes,” “belief,” “expects,” “expect,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with the Securities and Exchange Commission.

Investor Contact Information

Israel
Judith Kleinman, Director, Investor Relations & Corporate Communications
judith@trendlines.com
+972.72.260.7000

US
Adam Holdsworth, Managing Director of Investor Relations
adamh@pcgadvisory.com
646-862-4607

SOURCE: The Trendlines Group

ReleaseID: 444574

HONG KONG / ACCESSWIRE / August 31, 2016 / Takung Art Co., Ltd. (OTCQB:TKAT), an online platform for acquiring shared ownership in Asian fine art, jewelry and precious gems, today said that, in a move to strengthen its Hong Kong dollar (HKD) currency reserves and ensure that all of its Hong Kong-based online traders can make HKD withdrawals on demand, the company has secured three loans for a total of US$5.8 million, freely convertible to HKD.

Takung said that, when its online platform first launched in late 2013, all traders were required to have a Hong Kong bank account in order to trade on the platform. As the company began to attract the interest and participation of tens of thousands of traders within China, it established a subsidiary in China in the second half of 2015 that enabled China-based traders to deposit funds into their trading accounts through a China bank account in RMB instead of opening a Hong Kong bank account in HKD. As a result of the rapid acceleration of trading activity generated by the China-based traders, the company’s RMB’s cash balance in China has increased while the HKD balance in Hong Kong has declined.

The three loans and the decision to increase the company’s HKD reserves were deemed necessary as a result of the Chinese government’s capital controls associated with cross border fund transfers, which have made it difficult for companies to convert RMB into HKD and other currencies. Takung added that, due to the steep rise in the value of its fine arts portfolio – and the corresponding need to pay increased levels of HKD to Hong Kong-based online traders making withdrawals – it also found it advisable to augment its reserves of HKD currency.

The first two loans, of US$1.5 million and US$2.0 million, were secured from Hong Kong-based Merit Crown Limited on July 15 and August 24, 2016, respectively. Both loans carry annual interest of eight percent and expire on December 31, 2016, with an option to renew based on negotiation.

The third loan, of HKD18 million, or approximately US$2.3 million, was secured from Ms. Jianping Mao, a Takung shareholder holding not more than five percent of the company’s shares, on August 25, 2016. Of the HKD18 million, HKD10 million is due three months after the effective date, and HKD8 million is due by December 31, 2016. This loan also carries annual interest of eight percent with an option to renew based on negotiation.

Takung said there may be a reduced need for similar loans going forward due to projected influx of deposits from new online trading customers in Russia, Australia and New Zealand – all of whose currencies are easily convertible to HKD.

“While there is an interest expense to us as part of these loans, we are generating interest income from the investment products that we bought with our RMB reserve to partly offset the expense,” said Takung chief executive Mr. Di Xiao. “We also believe the benefit of keeping our HKD reserves sufficiently liquid to ensure quick settlement of Hong Kong bank-based trading transactions on our platform is well worth the cost.”

For further information on the above-mentioned loans and loan guarantees, please refer to Takung’s 8-K documents filed on July 20 and August 30, 2016. Investors should note that, although both of these filings state that the loans they describe are intended to help the company “meet its working capital requirements,” the specified proceeds will be utilized solely for improving the company’s reserves of HKD and facilitating traders’ withdrawals of HKD, and for no other purpose.

ABOUT TAKUNG ART CO., LTD: www.takungart.com

Based in Hong Kong, Takung Art Co., Ltd. is an online trading platform for acquiring shared ownership in Asian fine art, jewelry and precious gems. This proprietary platform allows collectors and investors – including those with modest financial resources — to buy and sell units of these assets and participate in the booming Asian art market. The company’s shared-ownership business model significantly expands the number of interactions between sellers and buyers of fine art far beyond those generated by art galleries and auction houses alone.

Takung operates its online trading platform via three wholly-owned subsidiaries, Hong Kong Takung Assets and Equity of Artworks Exchange Co. Ltd., Takung (Shanghai) Co., Ltd., and Takung Cultural Development (Tianjin) Co., Ltd.

FORWARD-LOOKING STATEMENTS

This press release may contain projections or other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements.

Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

Contacts:

Takung Art Co., Ltd.
Leslie Chow
+852 31580977
leslie.chow@takungae.com

Asia IR•PR – Investor Relations
Jimmy Caplan
512-329-9505
jimmy@asia-irpr.com

Asia IR•PR – Media Relations
Rick Eisenberg
212-496-6828
rick@asia-irpr.com

SOURCE: Takung Art Co., Ltd.

ReleaseID: 444561

Noram is Currently Bench Testing a New Low-Water-Use Nanofiltration Process to Extract Lithium Carbonate Directly from the Claystones

VANCOUVER, BC / ACCESSWIRE / August 31, 2016 / Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) (“Noram” or the “Company”) is pleased to announce the completion of an intial water resources study on its lithium brine/clay project in Nevada’s Clayton Valley (see Figure 1).

The Study identified various water sources and delivery methods for use during exploration through to full project development scenarios. The Study includes a breakdown of the existing ownership of water rights and available volumes in the area, their cost for lease or acquisition, and the cost for infrastructure and delivery of the actual water to the project area.

As previously announced August 2, 2016, Noram is currently working with Membrane Development Specialists LLC (“MDS”) to substantiate the recovery yield of lithium carbonate directly from the lithium-rich claystones found on Noram’s South Block claims. The initial bench testing of MDS’s multiple membrane separation process includes dissolving the lithium clays in leach solution and separating the lithium carbonate from the claystones using less water than other extraction processes. Additionally, the process recovers the water and reagents utilized to liberate the Li for reuse. The MDS process is expected to reduce the environmental impact and carbon footprint as compared with conventional extraction methods. It is Noram’s intention to significantly mitigate political and environmental impact to the fresh water aquifer in the Clayton Valley, which every extraction process is decided upon.

This Study is an integral part of the Company’s ongoing predevelopment scoping process and may be updated as additional information becomes available.

Mark Ireton, President of Noram, said, “This water study will be instrumental in providing a path forward to secure water rights for exploration and development at our Clayton Valley lithium brine/clay project. The study also provides important information that will be included in our initial National Instrument (NI) 43-101 technical and preliminary economic assessment reports.”

Michael Collins, P.Geo., and independent Qualified Person as defined in NI 43-101, has reviewed and approved the technical content of this news release on behalf of the Company.

About Noram Ventures Inc.:

Noram Ventures Inc. (TSX-V: NRM Frankfurt: N7R) is a Canadian based junior exploration company, with a goal of becoming a force in the Green Energy Revolution through the development of lithium and graphite deposits and becoming a low-cost supplier for the burgeoning lithium battery industry. The Company’s primary business focus since formation has been the exploration of mineral projects that include the lithium projects in Clayton Valley in Nevada and the Jumbo graphite property in southeastern British Columbia. Noram’s long term strategy is to build a multi-national lithium-graphite dominant industrial minerals company to produce and sell lithium and graphite into the markets of Europe, North America and Asia. Please visit our web site for further information: www.noramventures.com

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Mark R. Ireton”
President & Director

This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements; the uncertainty of future profitability; and the uncertainty of access to additional capital. These risks and uncertainties could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressed qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking information should circumstance or management’s estimates or opinions change.

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.

SOURCE: Noram Ventures Inc.

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