HOUSTON, TX / ACCESSWIRE / April 29, 2019 / PEDEVCO Corp. (NYSE American: PED) (the ”Company”) today announced the results of its first horizontal well drilled in the Company’s Chaveroo field of the prolific San Andres play in the Northwest Shelf of the Permian Basin situated in West Texas and eastern New Mexico. This first well, the Haley Chaveroo SA Unit 305H (”Haley 305 well”), was spud in December 2018, completed in February 2019, and put on production in March 2019, reaching a peak daily rate of 539 barrels of oil equivalent per day (”BOEPD”) (88% oil), or 138 BOE per 1,000 feet. The well’s current thirty-day average initial production rate (”IP30”) of 480 BOEPD (88% oil) and climbing is in the top-10 percentile of San Andres horizontal wells drilled in the Northwest Shelf and Central Basin Platform based on IHS Markit data for 778 horizontal producers as of March 2019 (December 2018 reporting month).

The Haley 305 well was the first of four horizontal San Andres wells bearing 1-mile lateral lengths that the Company drilled in the Chaveroo field in December 2018 in Phase One of its 2019 development plan, all of which wells were completed by March 2019, and are proving to be capable of producing in economic quantities exceeding the Company’s anticipated type-curve, with three wells currently flowing back and the fourth temporarily shut-in while awaiting further salt water disposal capacity. The Company plans to announce IP30 rates from all these wells by the end of Q2 2019.

J. Douglas Schick, President of the Company, commented, ”We are very pleased with the positive results from the Haley 305 well, which we believe further validates our development plans and tremendous value and opportunity presented by our Permian Basin assets. With these encouraging Phase One results, we are excited to continue into Phase Two of our 2019 development plan.”

Dr. Simon Kukes, the Company’s CEO, further commented, ”I am very pleased with our initial Haley 305 well coming in among the top 10% of all San Andres horizontal wells, and look forward to proceeding into Phase Two of our 2019 development plan which calls for the drilling and completion of at least an additional eight San Andres wells in 2019, with over 150 highly economic horizontal drilling locations identified and remaining for future development. With the success of these initial wells, I am personally committed, through my investment company SK Energy LLC, to fully fund the Company’s 2019 Permian Basin development program on terms to be agreed with the Company to the extent acceptable funding is unavailable from outside sources.”

About PEDEVCO Corp.

PEDEVCO Corp. (NYSE American: PED), is a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects in the United States. The Company’s principal assets are its San Andres Asset located in the Northwest Shelf of the Permian Basin in eastern New Mexico, and its D-J Basin Asset located in the D-J Basin in Weld and Morgan Counties, Colorado. PEDEVCO is headquartered in Houston, Texas.

Cautionary Statement Regarding Forward Looking Statements

All statements in this press release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the ”Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under Item 1A “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 under the heading “Risk Factors”. The Company operates in a highly competitive and rapidly changing environment, thus new or unforeseen risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statements, except as otherwise required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company. Readers are also urged to carefully review and consider the other various disclosures in the Company’s public filings with the Securities Exchange Commission (SEC).

Contacts

PEDEVCO Corp.
1-855-733-3826
PR@pedevco.com

SOURCE: Pacific Energy Development (PEDEVCO Corp.)

ReleaseID: 543216

ATLANTA, GA / ACCESSWIRE / April 29, 2019 / Findit, Inc., a Nevada Corporation that trades under the stock symbol (OTC PINK: FDIT), owner of Findit.com, a Social Networking Content Management Platform that empowers members to get more out of their current social networking accounts announces online marketing services to CBD companies that want to get more exposure.

Findit online marketing campaigns are catered to your specific needs where we work with you to identify your online marketing goals so that our CBD marketing campaigns align with your overall marketing objectives.

https://www.youtube.com/watch?v=Ret4HCX7Tmw

Findit online marketing campaigns include a variety of paid for services on Findit, but can be customized to fit your needs. We offer Findit Vanity URL’s, which are an extension of Findit.com such as https://www.findit.com/cbd In this case, ‘CBD’ is the URL for CBD Unlimited, Inc. stock symbol (EDXC) one of Findit’s clients. CBD Unlimited is a distributor of CBD products that offers CBD products on a wholesale and retail basis. Findit Vanity URLs that are specific to their products (or store) in a specific location can index in outside search engines, that include Google (GOOG), Yahoo and Bing (MSFT). Findit URLs can be anything you choose, such as your name, the name of your business, a product or service, or a phrase that describes what you want others to know about you. By having several Findit URLs you are providing search results within Findit that can match up to specific products.

Findit online marketing campaigns include content creation, where our team of dedicated writers create customized content on your behalf that is geared towards the CBD industry and focuses on what you want to index for, and what you want your target audiences to find you under when they do a search. This content is created on Findit and syndicated to other social sites that include Google My Business (GOOG), Facebook (FB), Twitter (TWTR) and bookmarking sites, so that your brand name and the specific names of products can be seen by people scrolling their social feeds and seeing your name.

Findit offers video production, like the one featured in this release. Videos and pictures are typically what are shared most throughout social media. Your marketing campaign can include videos that we produce for you, which are white labeled, and can highlight yourself, business, products, or services, or whatever else you wish to inform people about through the video.

Clark St. Amant of Findit stated, ”What so many CBD business owners want to achieve with their online marketing strategy is to reach new and existing customers who are using search engines to find a specific product that they offer. We have been providing online marketing services for CBD Unimited, Inc. previously known as Endexx, Corporation (EDXC) for the past several years. Our campaign strategy has been to increase CBD Unlimited’s brand recognition and increase their online and in store sales.”

To set up your own CBD customized marketing campaign with Findit today call us at 404-443-3224. We can help to get you started on your online marketing campaign.

Join today at https://www.findit.com. Follow us on Findit at https://www.findit.com/findit/rightnow.

About Findit, Inc.

Findit, Inc., owns Findit.com a Social Media Content Management Platform that provides an interactive search engine for all content posted in Findit to appear in Findit search. The site is an open platform that provides access to Google, Yahoo, Bing, and other search engines crawl content posted in Findit so it can be indexed in these search engines as well. Findit provides Members the ability to post, share and manage their content. Once they have posted in Findit, we ensure the content gets indexed in Findit Search results. Findit provides an option for anyone to submit URLs that they want indexed in Findit search result, along with posting status updates through Findit Right Now. Status Updates posted in Findit can be crawled by outside search engines which can result in additional organic indexing. All posts on Findit can be shared to other social and bookmarking sites that include but are not limited to Facebook, Twitter, LinkedIN and Pinterest by members and non-members. Findit provides Real Estate Agents the ability to create their own Findit Site where they can pull in their listing and others through their IDX account and post listings manually. Findit, Inc., is focused on the development of monetized Internet-based web products that can provide an increased brand awareness of our members. Findit, Inc., trades under the stock symbol FDIT on the OTC Pinksheets.

SOURCE: Findit, Inc.

ReleaseID: 543298

Record quarterly revenue and 218% increase in loan investment portfolio highlight growth and results from investments in infrastructure; TIMIA retains IR Support with Incite Capital Markets

VANCOUVER, BC / ACCESSWIRE / April 29, 2019 / TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V: TCA) today announced financial results for the first quarter ended February 28, 2019.

First Quarter 2019 Highlights include:

Record revenue of $570,563 up 58% over the same period last year.
Assets under management grew 26% to $14,617,521 compared with the same period last year.
Adjusted EBITDA* of $111,154 compared with an Adjusted EBITDA of $359,135 for the same period last year. The latter reflecting the gain on investment in Q1 of 2018.
TIMIA’s loan investment portfolio (Loans receivable) increased 218% to $13,026,861 compared to $5,964,085 in the same period last year.
A net loss of $0.01 per share or $255,480 compared with a net income of $133,108 in the same period last year. Similar to Adjusted EBITDA results, Q1 2018 results reflect the gain on investment during the quarter.

“Our investments in infrastructure and deal generation continue to pay off with record revenue and 218% increase in loan book,” said Mike Walkinshaw, CEO of TIMIA. “We’re seeing an increase in private credit opportunities in the software space as the fintech marketplace evolves and drives more capital towards exciting SaaS companies.”

“We’ve recently increased our assets under management by 55% through a non-dilutive limited partnership structure that allows us to scale up and increase revenue by putting more capital to work. We have cash on our balance sheet and expect to put it to work in the near term for SaaS companies currently in our backlog of funding opportunities.”

Detailed Financial Review

During the quarter ended February 28, 2019, the Company continued to grow its revenue financing (“RF”) business by completing US$3,000,000 and CDN$2,000,000 of new loan facilities. The Company’s revenue is principally interest income generated under the Company’s RF model. Interest income in the quarter ended February 28, 2019 was a record $510,330 compared with $339,154 in the same period last year, an increase of 50%. As the Company makes new investments, the number of monthly payments derived from the portfolio grows. Income from transaction and other fees was $60,233 in the three months ended February 28, 2019 compared to $21,025 in the same period last year. Total revenue for the three months ended February 28, 2019 increased 58%, to $570,563 compared to $360,179 for the three months ended February 28, 2018. The chart below highlights the Company’s revenue growth since Q1 of 2015.

TIMIA continues to build the value and size of its portfolio by making new investments and follow-on investments in existing portfolio companies, and actively assisting the portfolio companies with their growth plans. During the quarter ended February 28, 2019, TIMIA benefited from increased payments (combined principal and interest) as a result of the revenue growth of its underlying portfolio. At the same time, the Company is investing to support future growth.

Total expenses for the quarter ended February 28, 2019 were $712,406 compared with $585,605 for the same period last year. The increase in expenses was primarily related to increases in deal generation and related communications, accounting and legal, and investor relations. The remaining expense increase reflects the Company’s investment in infrastructure and brand awareness to support future growth noted above.

Adjusted EBITDA for the quarter ended February 28, 2018 is $111,154 compared with an Adjusted EBITDA of $359,135 for the same period last year. The change in Adjusted EBITDA primarily reflects the gain on investments in Q1 2018 compared with Q1 2019 without these gains on investments.

During the quarter ended February 28, 2019, the Company posted a net loss of $255,480 compared with a net income of $83,106 for the last fiscal quarter. The change in results are primarily due to the Company recognizing a gain on investments of $308,903 in Q1 2018 comprising a realized gain on the successful exit on iCompass Technologies Inc.

As at February 28, 2019, the Company’s cash balance was approximately $670,105 and working capital was approximately $668,871.

TIMIA Retains Incite Capital Markets

To ensure regulatory compliance with TSX-V policy 3.4 related to Investor Relations Activities, TIMIA announces the engagement of Incite Capital Markets Inc. (“Incite”) for Investor Relations and related services. Certain principals and executives of Incite own approximately 6% of TIMIA’s outstanding shares. Incite’s President, Darren Seed, is an employee of TIMIA and holds the position of Vice President, Capital Markets & Communications. The initial term of Incite’s engagement is six months. No consideration is payable to Incite under the terms of the engagement as all compensation will be paid directly to Incite’s service providers on the terms and in the amounts agreed between the Company and each individual service provider.

Incite Capital Markets is an independent, innovative and trusted capital markets advisory corporation. Built on a proven track record of over 20 years experience helping companies achieve the best results possible, Incite provides expertise in capital markets, corporate communications, and investor and media relations. In addition to strategic insights, Incite invests in small to mid-size technology companies. This unique and specialized synergy where corporate finance and communications meet, is an advantage for any company looking to elevate their profile.

TIMIA’s business model is delivering two distinct returns that help drive shareholder value:

High yield interest income, as a result of the successful performance of TIMIA’s underlying investments, delivers a stream of profitable cash flow that has been growing, as TIMIA’s asset base grows.
TIMIA is investing in high-quality companies in an active industry. As a result, we’ve seen successful early exits in investee companies delivering periodic gains manifesting in profitable quarters. At the same time, TIMIA is focused on investing in new and exciting opportunities to support longer term profitability.

This news release is qualified in its entirety by the Company’s condensed interim financial statements for the three months ended February 28, 2019 and 2018 and the associated Management’s Discussion & Analysis respecting the same period, which can be downloaded from the Company’s profile on SEDAR at http://www.sedar.com.

*Non-GAAP Measures and Other Financial Measures

In managing our business and assessing our financial performance, we supplement the information provided by the financial statements presented in accordance with GAAP with metrics and non-GAAP financial measures which are utilized by our management to evaluate our performance. Although we believe these measures are widely used in the specialty finance industry, some may not be defined by us in precisely the same way as by other companies in the specialty finance industry, so there may not be reliable ways to compare us to other companies. Adjusted EBITDA represents net loss and comprehensive loss from continuing operations (the most directly comparable GAAP measure) excluding amounts for: income tax expense; interest expense; depreciation and amortization; equity-based compensation; and all other non-cash expenses. We believe Adjusted EBITDA is a helpful measure because it allows us to evaluate our performance by removing from our operating results items that do not relate to our core operating performance. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered in isolation or as a substitute for net loss and comprehensive loss from continuing operations, the most directly comparable GAAP financial measure. Adjusted EBITDA is not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies unless the definition is the same.

About TIMIA Capital Corporation

TIMIA Capital Corporation is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue. This alternative financing option complements both debt and equity financing, while allowing entrepreneurs and existing stakeholders to retain ownership and control of their business. TIMIA’s singular focus is the fast growing, global, business-to-business Software-as-a-Service (or SaaS) segment. We align ourselves with entrepreneurial management teams growing their sales from $1 Million to $10 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com

For more information, please contact:

Darren Seed
Vice President, Capital Markets & Communications
Mike Walkinshaw, CEO
TIMIA Capital Corporation
(604) 398-8839
IR@timiacapital.com

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 news release.

Forward-Looking Information

Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements normally contain words like ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’ and similar expressions, and within this news release include any statements (express or implied) respecting expectations as to putting capital to work in the near term for SaaS companies, TIMIA continuing to build the value and size of its portfolio and growing cashflow. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the following assumptions: that the Company and its investee companies are able to meet their respective future objectives and priorities, assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company. Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Timia’s business. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to, the Company having insufficient financial resources to achieve its objectives; availability of further investments that are appropriate for the Company on terms that it finds acceptable or at all; successful completion of exits from investments on terms that constitute a gain when no such exits are currently anticipated; intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Timia has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Timia. Accordingly, readers should not place undue reliance on forward-looking statements. Timia undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.

SOURCE: TIMIA Capital Corp.

ReleaseID: 543285

VANCOUVER, BC / ACCESSWIRE / April 29, 2019 / Barksdale Capital Corp. (“Barksdale” or the “Company”) (TSX-V: BRO) (OTCQB: BRKCF) is pleased to announce the appointment of Darren Blasutti as a director and Chairman of Company. In addition to Mr. Blasutti’s appointment, Rick Trotman, Barksdale’s President and CEO, has joined the board as an executive director.

“I am excited to take on the position and responsibility of Chairman and look forward to working closely with Rick and the team while we execute the strategy of unlocking value at Sunnyside, which is host to a world class base metal system,” said Darren Blasutti, Chairman of Barksdale.

Mr. Blasutti has a track record of success in building, leading, and creating valuable companies within the mining sector, such as Americas Silver Corp, where he serves as President and CEO as well as Barrick Gold Corp, where he served as Senior Vice President of Corporate Development between 1998 and 2011. Under Darren’s leadership, Americas Silver Corp has grown into a leading precious metals company with two operating silver mines in Idaho and Mexico as well as a gold project under construction in Nevada. During his time at Barrick Gold he was instrumental in executing over 25 transactions for over $20 billion, including the acquisitions of Sutton Resources, Homestake Mining Company and Placer Dome Inc. as well as the consolidation of the world class Cortez property from Rio Tinto and the sale of 50% of South Deep to Goldfields.

“Darren’s appointment brings a wealth of transactional and leadership experience that will bolster Barksdale’s ability to execute its long-term strategy of acquiring, advancing and monetizing exploration assets within its portfolio,” said Rick Trotman, CEO of Barksdale.

Barksdale has granted 300,000 stock options to Mr. Blasutti as well as 85,000 stock options to Terri Anne Welyki, who recently joined as the new VP of Communications. The options are exercisable at C$0.52 per share, expire in five years and vest over a 3-year period in accordance with the terms of Barksdale’s Stock Option Plan. Additionally, during April the Company cancelled a total of 200,000 stock options held by former consultants.

In order to accommodate both Mr. Blasutti and Mr. Trotman’s appointments, Richard Silas has agreed to step down from the Board but will continue to serve in his role as corporate secretary. Barksdale thanks Mr. Silas for his commitment to the Company.

About Barksdale Capital Corp

Barksdale Capital Corp. is focused on the acquisition and exploration of highly prospective base metal projects in the United States. Barksdale’s portfolio of assets is located within a world-class base metal district in southern Arizona and are surrounded by some of the world’s largest mining companies.

ON BEHALF OF BARKSDALE CAPITAL CORP

Rick Trotman
President and Chief Executive Officer
778-588-7145
Rick@barksdalecapital.com

Terri Anne Welyki
Vice President of Communications
778-238-2333
TerriAnne@barksdalecapital.com

For more information please phone 778-558-7145, email info@barksdalecapital.com or visit www.BarksdaleCapital.com.

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 news release.

SOURCE: Barksdale Capital Corp.

ReleaseID: 543290

Oilfield Services Company SMG Reporting Preliminary Revenues of $1.7 Million for the First Quarter ended March 31, 2019, a 71% increase from the First Quarter 2018.

HOUSTON, TX / ACCESSWIRE / April 29, 2019 / SMG Industries, Inc. (the “Company”) (OTCQB: SMGI), a growth-oriented oilfield services company operating in the Southwest United States today announced its preliminary unaudited results of its consolidated revenues for the quarter ended March 31, 2019 is expected to be $1.7 million, representing an increase of approximately 71% or $702 thousand from the first quarter of 2018, and a subsequent increase of $470 thousand from the previous quarter ended December 31, 2018.

The Company’s First Quarter 2019 Quarterly Report on Form 10-Q is due on or before May 15, 2019 and will include unaudited full consolidated financial results and management’s discussion and analysis.

Mr. Matt Flemming, CEO of SMG, stated: “SMG Industries executed on its buy and build strategy in 2018. Currently, the Company is pursuing additional and accredive acquisitions in 2019 with a plan to diversify across the drilling, completions and production market segments of the business.”

About SMG Industries, Inc.: SMG Industries is a rapidly growing oilfield services company that operates throughout the Southwest United States. Through its wholly-owned operating subsidiaries, the Company offers an expanding suite of products and services across the market segments of drilling, completions and production. MG Cleaners LLC, serves the drilling market segment with proprietary branded products including detergents, surfactants and degreasers (such as Miracle Blue®) as well equipment and services crews that perform on-site repairs, maintenance and drilling rig wash services. SMG’s rental division includes an inventory of over 800 bottom hole assembly (BHA) oil tools such as stabilizers, drill collars, crossovers and bit subs rented to oil companies and their directional drillers. SMG’s frac water management division, know as Momentum Water Transfer, focuses in the completion or fracing market segment providing high volume above ground equipment and temporary infrastructure to route water used on location for fracing. SMG Industries, Inc. headquartered in Houston, Texas has facilities in Carthage, Odessa and Alice, Texas. Read more at www.SMGindustries.com and www.MGCleanersllc.com and www.MomentumWTS.com.

Contact:
Matthew Flemming, SMG Industries, Inc. +713-821-3153

SOURCE: SMG Industries, Inc.

ReleaseID: 543269

Plans to Expand Charlie’s Premium Vapor Products Domestically and Internationally along with the Highly Anticipated Launch of Charlie’s CBD Products

IRVINE, CA / ACCESSWIRE / April 29, 2019 / True Drinks Holdings, Inc. (the “Company” or “True Drinks”) (OTC PINK: TRUU) and Charlie’s Chalk Dust, LLC (“Charlie’s”), a leading producer of high quality vapor products, announced today that both companies have entered into an agreement (the “Share Exchange”) resulting in Charlie’s becoming a wholly-owned subsidiary of True Drinks.

Pursuant to the Share Exchange, True Drinks acquired all outstanding membership interests in Charlie’s in exchange for the issuance by True Drinks of units consisting of shares of common stock, preferred stock and warrants (the “Exchange”). Following the Exchange, the former members of Charlie’s and participants in the Share Exchange will own approximately 87.55% of the fully diluted shares of True Drinks.

The Exchange was based on a combined value of Charlie’s and True Drinks of approximately $105 million. Based on Charlie’s audited December 31, 2018 and 2017 financial statements, net revenues were $20.8 million in 2018 and $12.2 million in 2017, representing 70.4% year-over-year growth in revenue. Charlie’s anticipates continued strong growth in 2019 with projected net revenues for the quarter ending March 31, 2019 of approximately $6.8 million, representing sequential growth of appropriately 51% from its quarter ending December 31, 2018.

In connection with the Exchange, Charlie’s closed a private placement transaction with accredited and institutional investors, led by Vinny Smith, the former owner and chairman of Quest Software and founder of Toba Capital and Gron Ventures (the “Private Placement”). The Private Placement resulted in gross proceeds of approximately $27.5 million, and after the payment to Charlie’s founders and other costs and expenses incurred in connection with the Exchange, approximately $5.6 million in net cash proceeds that will be added to True Drink’s consolidated balance sheet. Katalyst Securities, LLC acted as the lead placement agent for the Private Placement. Stifel acted as financial advisor to Charlie’s in connection with the Exchange.

Further details regarding the Share Exchange will be described in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission (“SEC”) by the Company, and the information herein is qualified in its entirety by reference to the information set forth in such Current Report on Form 8-K. The Company plans to provide additional information relating to its business, corporate operations, among other plans in a Current Report on Form 8-K to be filed with the SEC.

Additional information about Charlie’s can be found at www.charlieschalkdust.com.

Purpose of the Exchange

The Exchange provides Charlie’s with the ability to leverage True Drinks distribution and product formulation expertise, while capitalizing on Charlie’s brand recognition and relationships with distributors, specialty retailers and third-party online resellers. The synergies are intended to accelerate the expansion of Charlie’s core business into new markets for its vapor products, and allow Charlies to capitalize on opportunities to expand its brand to include CBD products. The combined business will be operated under the leadership of Brandon Stump, Chief Executive Officer and Ryan Stump, Chief Operating Officer of Charlie’s.

“We started this business because we saw an opportunity to deliver a BRAND – it takes courage to be different and we have plenty of that,” commented Brandon Stump, Chief Executive Officer of Charlies and True Drinks. “We are extremely fortunate to have found a company to align our efforts to continue to build our brand and create value for our employees and shareholders. People have been telling us for years that they wish they could buy stock in Charlie’s, well now they can.”

“We are excited to build on the success we have achieved thus far in the vapor space,” said Ryan Stump, Chief Operating Officer of Charlies and True Drinks. “We’re looking forward to working together on diversifying our product offerings while penetrating new markets. This opportunity grants us access to capital for scaling the business and helps bring the story of Charlie’s Chalk Dust to the public markets. Simply put, we are thrilled for what the future has in store – for our customers, our employees, and shareholders.”

“The shareholders of True Drinks have gained an amazing team starting today,” added Scot Cohen, Director of True Drinks. “In this competitive space, Brandon and Ryan and the rest of their loyal team have created a top tier industry brand in less than 5 years without any outside capital and they are just getting started!

Vinny Smith, the lead investor in Charlie’s private placement, commented: “We’re incredibly impressed with the business the Stump brothers have built and I expect continued success for Charlie’s well into the future.”

About Charlie’s Chalk Dust

Founded in 2014 in southern California by brothers Brandon and Ryan Stump, Charlie’s Chalk Dust produces high quality vapor products currently distributed in over 90 countries around the world. Charlie’s is regarded as an industry pioneer, having developed an extensive portfolio of brand styles, flavor profiles and innovative product formats. Its authentic brand, coupled with unmatched culture and consistency, has cemented its position among a vast consumer base. Additional information about Charlie’s can be found at www.charlieschalkdust.com.

About True Drinks Holdings, Inc.

Prior to consummating the Exchange, True Drinks Holdings, Inc. specialized in all-natural, vitamin-enhanced drinks. Its primary business was the development, marketing and sale of AquaBall® Naturally Flavored Water, which was distributed nationally through select retail channels, such as grocery stores, mass merchandisers, drug stores and online. Although, the Company has discontinued the production, distribution and sale of AquaBall®, it continues to market and distribute Bazi® All Natural Energy, a liquid nutritional supplement drink, which is currently distributed online and through the Company’s existing database of customers, and is currently engaged in the formulation of products for ultimate distribution, including products containing CBD. The Company was founded in 2008 and is currently headquartered in Irvine, California.

Cautionary Note on Forward-Looking Statements – Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the Company’s overall business, existing and anticipated markets and expectations regarding future sales and expenses. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company’s ability to successful increase sales and enter new markets; the Company’s ability to manufacture and produce product for its customers; the Company’s ability to formulate new products; the acceptance of existing and future products; the complexity, expense and time associated with compliance with government rules and regulations affecting nicotine and products containing cannabidiol; litigation risks from the use of the Company’s products; risks of government regulations; the ability to obtain patents and defend IP against competitors; the impact of competitive products; and the Company’s ability to maintain and enhance its brand, as well as other risk factors included in the Company’s most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

For more information, contact:

Dave Allen, Chief Financial Officer
True Drinks Holdings, Inc.
Charlies Chalk Dust, LLC
1007 Brioso Dr., Costa Mesa, CA 92627
Phone: 203-640-8399
david@charlieschalkdust.com

SOURCE: Disclosure Law Group

ReleaseID: 543276

Funding to prepare Mymetics’ cold chain-independent needle-free mucosal virosome HIV vaccine candidate for clinical trials
Collaboration with Texas Biomedical Institute and University of Louisiana at Lafayette
Total award USD 8.67 million over 5 years, with USD 1.9 million budget in the first year

EPALINGES, SWITZERLAND / ACCESSWIRE / April 29, 2019 / Mymetics Corporation (OTCQB: MYMX), a pioneer and leader in the research and development of virosome-based vaccines against life threatening and life disabling diseases, announced today that the National Institutes of Health (NIH) has awarded Mymetics and Texas Biomedical Research Institute (Texas Biomed) a five-year grant for the project called “Cold Chain-independent, Needle-free Mucosal Virosomal Vaccine to Prevent HIV-1 Acquisition at Mucosal Levels.”

The project has the objective to prepare Mymetics’ promising HIV-1 vaccine candidate for clinical trials. The vaccine candidate is based upon Mymetics’ virosomes, enveloped virus-like particles that display on their surface rationally designed HIV-1 antigens. The vaccine is created to induce protective mucosal antibodies acting as a frontline defense against sexual HIV transmission. An earlier formulation of the vaccine candidate has shown safety and immunogenicity in a Phase I clinical trial in healthy women. Two independent non-human primate studies demonstrated the safety and high efficacy of the virosome-based vaccine in Chinese and Indian-origin rhesus macaques against repeated low-dose intravaginal challenges with a monkey AIDS virus, a so-called tier 2 R5 SHIV that shares key biological features with human transmitted forms of HIV-1. Mymetics recently finished a European Horizon 2020 funded project where Mymetics developed adjuvanted new solid powder forms of the vaccine which can be directly administered to mucosal tissues (nose, sublingual or oral) without needles and that do not depend on refrigeration, which makes the new vaccine attractive for the developing world where AIDS is at epidemic levels.

“We are excited to collaborate with Mymetics and our partners on a promising AIDS vaccine candidate that seeks to induce protective immune defenses at mucosal barriers – where HIV-1 first enters the body during sexual transmission of HIV-1. The new joint project complements our basic research, where we demonstrated potent protection with mucosal antibodies administered to rhesus macaques” said Professor and Director of the Texas Biomed AIDS Program, Dr. Ruth Ruprecht, who serves as Principal Investigator together with Dr. Sylvain Fleury, CSO of Mymetics Corporation.

“We are extremely grateful for the trust and support from the NIH for our project, it will enable the continued progress of our cold chain, independent virosome based HIV vaccine candidate” Ronald Kempers, CEO of Mymetics, stated. “We will be able to prepare it for clinical trials in collaboration with world leading HIV scientists from the University of Louisiana at Lafayette and our longstanding partner Texas Biomed”.

The project will start on May 1, 2019 and is planned for five years. It is co-led by Drs. Ruprecht and Fleury and includes subawards to Dr. François Villinger of the University of Louisiana at Lafayette, and Dr. Sarah Ratcliffe of the University of Virginia. First results are expected to be reported in 2020.

About Mymetics
Mymetics Corporation (OTCQB: MYMX) is a Swiss based biotechnology company, with a research lab in the Netherlands, focused on the development of next-generation preventative vaccines for infectious and life disabling diseases. It currently has several vaccines in its pipeline: HIV-1/AIDS, intra-nasal Influenza, malaria, Chikungunya and the RSV vaccine in addition to several ongoing collaborative projects in the field of allergy and oncology Immunotherapy.

Mymetics’ core technology and expertise are in the use of virosomes, lipid-based carriers containing functional fusion viral proteins and natural membrane proteins, in combination with rationally designed antigen and adjuvants. For further information, please visit www.mymetics.com.

About Texas Biomed
Texas Biomedical Research Institute is one of the world’s leading independent biomedical research institutions dedicated to advancing health worldwide through innovative biomedical research. Located on a 200-acre campus on the northwest side of San Antonio, Texas, the Institute partners with hundreds of researchers and institutions around the world to develop vaccines and therapeutics against viral pathogens causing AIDS, hepatitis, herpes, hemorrhagic fevers, and parasitic diseases responsible for malaria, schistosomiasis and Chagas disease. The Institute also has programs in the genetics of cardiovascular disease, diabetes, obesity, psychiatric disorders and other diseases. For more information on Texas Biomed, go to www.TxBiomed.org.

About NIH and NIAID
This research is being supported by the National Institute of Allergy and Infectious Diseases of the National Institutes of Health under Award Number U19AI142636. The content is solely the responsibility of the authors and does not necessarily represent the official views of the National Institutes of Health.

CONTACT:

Mymetics Corporation

Texas Biomedical Research Institute

Ronald Kempers

Lisa Cruz

CEO

Director of Public Relations

+41 21 653 4535

San Antonio, TX, USA

info@mymetics.com

Work: 210-258-9437

Cell: 210-724-1691

Email: lcruz@txbiomed.org

Forward looking statements
The Private Securities Litigation Reform Act of 1995 provides a ‘safe harbor’ for forward-looking statements, which are identified by the words ‘believe,’ ‘expect,’ ‘anticipate,’ ‘intend,’ ‘plan’ and similar expressions. The statements contained herein which are not based on historical facts are forward-looking statements that involve known and unknown risks and uncertainties that could significantly affect our actual results, performance or achievements in the future and, accordingly, such actual results, performance or achievements may materially differ from those expressed or implied in any forward-looking statements made by or on our behalf. These risks and uncertainties include, but are not limited to, risks associated with our ability to successfully develop and protect our intellectual property, our ability to raise additional capital to fund future operations and compliance with applicable laws and changes in such laws and the administration of such laws. See Mymetics’ most recent Form 10-K for a discussion of such risks, uncertainties and other factors. Readers are cautioned not to place undue reliance on these forward- looking statements which speak only as of the date the statements were made.

SOURCE: Mymetics Corporation

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