BISMARK, ND / ACCESSWIRE / August 29, 2019 / A tale as old as time, now told through an explosive new lens.

Upon its release on February 3, 2019, Shawn Suda’s book, Evidence of Genesis, created colossal ripples in Christian literary circles, and for good reason too!

Exclusively sold on Amazon, the book shares a rare insight into the divine inspiration and authority of the Bible, spilling on such details as the logistics of the Noahic Flood and the historicity of the resurrection.

A Thrilling Take On The Oldest Book In The World

Evidence of Genesis astonishes readers with archaeological, historical, scientific and prophetic evidence to support the inerrancy of the Bible. It also touches upon a controversial subject that readers on either side of history are forced to reconcile with; the possibility of the theory of evolution being nothing more than a byproduct of a carefully curated cultural narrative.

Per Shawn, “The book is crafted to give believers and nonbelievers alike a renewed sense of faith in something bigger than themselves. It aims to provide an abundance of answers to their unanswered questions.”

The author’s academic laurels speak for themselves. Shawn has obtained various degrees from secular universities including a Master of Science in Psychology and a Master of Arts in Christian Apologetics from Liberty University. This holistic education has brought him to a crossroads; the meeting point of science and theology.

In his book, Shawn expounds, “Many conventional Christians do not believe in defending the Bible in an academic sense. They believe the Bible is perfectly capable of defending itself, and that it should be accepted as the infallible word of God.” The author continues, “Although, western culture has shifted dramatically over the last few decades. Academics of the Bible are essential in developing and strengthening one’s faith.”

Brandy Zwicker: The Creative Muse Behind Evidence of Genesis

Shawn is an accomplished author and veteran of the Global War on Terrorism. His unprecedented success notwithstanding, the author likes to revert to his roots, citing his creative engine, partner in crime, pillar of support and beloved sister, Brandy Zwicker.

Brandy Zwicker is prominently mentioned in the acknowledgments in a poignant and heartfelt manner. Suda thanks her for her invaluable guidance and recognizes that, without her support, the project probably would not have lived up to its original vision.

Much like her sibling, Brandy doesn’t lack in either ambition or accomplishment. She is a Bachelor of Science (BSN) Registered Nurse with 10 years of nursing experience under her belt. In 2006, Brandy was the recipient of the prestigious Charles M. Bair Memorial Scholarship which is an 8-semester full-ride academic scholarship.

Brandy Zwicker is a strong advocate for healthy living and works tirelessly to spread awareness for lung cancer and heart disease. She has made tremendous strides through her work in medical oncology, cardiac telemetry, critical care step down, basic care and has even risen through the ranks to become Director of Nursing and Quality Assurance Manager.

Juggling the lives of five adorable kids, Brandy Zwicker has proven that, for her, family comes first. She admits that the close bond between her and Shawn has been a guiding light throughout her personal and professional endeavors.

Brandy Zwicker spends time outdoors and pursues her love for hiking, camping, weight training, rock climbing, and yoga. With plans to become a Family Nurse Practitioner, she is working toward procuring her Doctor of Nursing Degree, a move she hopes will help many more patients lead a happy and healthy lifestyle.

CONTACT:
Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Web Presence, LLC

ReleaseID: 557862

TORONTO, ON / ACCESSWIRE / August 29, 2019 / Kontrol Energy Corp. (CSE: KNR)(OTCQB: KNRLF)(FSE:1K8) (“Kontrol” or ‘Company’) a leader in the energy efficiency sector through IoT, Cloud and SaaS technology announces its financial results for the second quarter ended June 30, 2019.

A complete set of Financial Statements and Management’s Discussion & Analysis will be filed on SEDAR (www.sedar.com) on August 29th. A conference call to discuss the Q2 2019 financial results has been scheduled for August 29th at 4:30pm (EST). See details below.

Highlights

Revenue for the three months ended June 30, 2019 was $3.9 million, up 93% over the comparative quarter in the prior year

Revenue for the six months ended June 30, 2019 was $7.6 million, up 80% over the comparative period in the prior year

Adjusted EBITDA for Q2 2019 and Year to Date was $233,031 and $500,828 respectively

Kontrol Energy and Toyota Tsusho Canada Inc. commenced initial deployment of IoT enabled energy monitoring and analysis; 4 Smart Factory sites assessed, and 2 pilots completed

Convertible debenture offering announced for gross proceeds of up to $2 million

Indicative term sheet signed to refinance current debt relating to a 2018 acquisition

As at June 30, 2019 $3.1 million of debentures were exchanged for a new offering with a maturity date of October 31, 2020

Completed purchase of patents, intellectual property and computer equipment from DIMAX Controls Canada Inc. and rebranded as SmartSite®

Signed a Letter of Intent to acquire 100% of the shares of an electrical efficiency company; subject to due diligence the Company is targeting a Q3 2019 closing

Management Commentary and Q2 2019 Financial Highlights

“The Company experienced a strong second quarter and first half of 2019 with revenue and Adjusted EBITDA significantly higher over the same periods in the prior year”, said Paul Ghezzi, CEO of Kontrol Energy. Our strong performance reflects new business activities coming online from the completed 2018 acquisitions and organic growth from our technology platform.”

Three months ended

Six months ended

Financial Results

June 30, 2019

June 30, 2018

June 30, 2019

June 30, 2018

Revenue

$3,912,186

$2,027,363

$7,590,546

$4,223,927

Gross profit

$1,895,500

$1,564,479

$3,755,761

$2,846,914

Net loss

$(595,281)

$(329,995)

$(1,276,478)

$(1,330,930)

Basic and Diluted EPS

$(0.02)

$(0.01)

$(0.04)

$(0.05)

Add for adjusted EBITDA reconciliation:

Amortization and depreciation

$410,073

$237,589

$869,498

$504,277

Finance expense

$277,309

$120,620

$506,820

$241,348

Share based compensation

$135,710

$18,945

$389,890

$189,345

Acquisition related expenses

$5,220

$19,392

$11,098

$19,392

Adjusted EBITDA*

$233,031

$66,551

$500,828

$(376,568)

Revenue increased by 93% and 80% for Q2 2019 and Year to Date respectively over the comparative periods in the prior year. Gross profit for the three months ended June 30, 2019 was $1.9 million an increase of $331,021 over the comparative quarter in the prior year. For the six months ended June 30, 2019, gross profit increased by $908,847 to $3.8 million compared to $2.8 million in the same period of 2018. Gross margin for the six months ended June 30, 2019 was 49% compared to 67% for the same period in the prior year. The gross margin is in line with management’s expectations and reflects the adjusted mix of revenue and cost of sales under a growing organization with changing product and service offerings.

Adjusted EBITDA for the three months ended June 30, 2019 was $233,031 compared to $66,551 for the second quarter in the prior year. For the six months ended June 30, 2019, Adjusted EBITDA improved significantly to $500,828 compared to negative $(376,568) in the same period of 2018.

The impact of accretive acquisition and overall scaling of operations has resulted in lower operating expenses as a percentage of revenue. Total operating expenses (excluding share-based compensation) for the six months ended June 30, 2019 was $3.9 million or 51% of revenue and that compares to a ratio of 82% in the same period of 2018. This improvement demonstrates the favourable impact on earnings as Corporate overhead expenses are spread over a much larger and growing revenue base.

Cash flows used in operating activities improved by $917,638 and reflects enhanced operational performance and working capital management. Cash flows used in operations was $156,247 for the six months ended June 30, 2019 and for the six months ended June 30, 2018, cash flows used in operating activities was $1,073,875.

* Adjusted EBITDA is a non-IRFS financial measure. The Company defines Adjusted EBITDA as net income or loss before interest, income taxes, amortization and depreciation, share based compensation, and acquisition related expenses.

Conference Call Details

Call in Number: 1-877-314-1234
Participant Password: 7385672

Please connect at least 5 minutes prior to the conference call to ensure adequate time for attendance.

About Kontrol Energy

Kontrol Energy Corp. (CSE: KNR) (OTCQB: KNRLF) (FSE: 1K8) is a leader in the energy efficiency sector through IoT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in greenhouse gas (GHG) emissions.

Kontrol Energy was recently announced as the 7th fastest growing Startup in Canada by Canadian Business and Maclean’s.

Additional information about Kontrol Energy Corp. can be found on its website at www.kontrolenergy.com and by reviewing its profile on SEDAR at www.sedar.com

For further information, contact us at admin@kontrolenergy.com Kontrol Energy Corp., 180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8 Tel: 905.766.0400, Toll free: 1.844.566.8123

For further information, contact:

Paul Ghezzi, Chief Executive Officer
paul@kontrolenergy.com
Kontrol Energy Corp.,
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: 905.766.0400, Toll free: 1.844.566.8123

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute “forward-looking statements”. Such forward-looking statements include, without limitation, statements regarding possible future acquisitions and/or investments in operating businesses and/or technologies, accelerated organic growth, Adjusted EBITDA, expansion of smart energy technologies into US markets, strategic partnerships to expand into North American Markets, acceleration of recurring SaaS revenues, the provision of solutions to customers and Greenhouse Gas emissions reductions, proposed financial savings and sustainable energy benefits and energy monitoring. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that suitable businesses and technologies for acquisition and/or investment will be available, that such acquisitions and or investment transactions will be concluded, that sufficient capital will be available to the Company, that technology will be as effective as anticipated, that organic growth will occur, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, lack of acquisition and investment opportunities or that such opportunities may not be concluded on reasonable terms, or at all, that sufficient capital and financing cannot be obtained on reasonable terms, or at all, that technologies will not prove as effective as expected that customers and potential customers will not be as accepting of the Company’s product and service offering as expected, and government and regulatory factors impacting the energy conservation industry. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable securities law.

SOURCE: Kontrol Energy Corp.

ReleaseID: 557857

BRIDGEVIEW, IL / ACCESSWIRE / August 29, 2019 / Manitex International, Inc. (NASDAQ:MNTX), a leading international provider of cranes and specialized industrial equipment, today announced the expansion of its articulating crane distribution network to include Cropac Equipment Inc. Cropac, headquartered in Oakville, ON, Canada, has served the Canadian industrial equipment markets since 1977 and has locations throughout the Canadian provinces of British Columbia and Alberta.

Bill Finkle, President for Cropac Equipment Inc. commented, “We are pleased to add the Manitex articulating cranes to our diverse portfolio of retail and rental equipment throughout our locations. We look forward to expanding our relationship with Manitex and pleasing our clients by selling and servicing additional high-quality Manitex products.”

Randy Wingenroth, SVP, Articulating Products at Manitex added, “We are excited to have Cropac Equipment as a partner in the Manitex articulating crane distribution network and look forward to supplying their growing business with our full line of Manitex cranes.”

About Manitex International, Inc.

Manitex International, Inc. is a leading worldwide provider of highly engineered mobile cranes (truck mounted straight-mast and knuckle boom cranes, industrial cranes, rough terrain cranes, and railroad cranes), truck-mounted aerial work platforms and specialized industrial equipment. Our products, which are manufactured in facilities located in the USA and Europe, are targeted to selected niche markets where their unique designs and engineering excellence fill the needs of our customers and provide a competitive advantage. We have consistently added to our portfolio of branded products and equipment both through internal development and focused acquisitions to diversify and expand our sales and profit base while remaining committed to our niche market strategy. Our brands include Manitex, PM, Oil & Steel, Badger, Sabre, and Valla. The company also has a minority ownership in ASV Holdings, Inc. which manufactures and sells a line of high-quality compact track and skid steer loaders.

Contact:

Manitex International, Inc.
Steve Kiefer
President, Chief Operating Officer
(708) 237-2065
skiefer@manitexinternational.com

Darrow Associates, Inc.
Peter Seltzberg, Managing Director
Investor Relations
(516) 419-9915
pseltzberg@darrowir.com

SOURCE: Manitex International, Inc.

ReleaseID: 557861

TORONTO, ON / ACCESSWIRE / August 29, 2019 / Snipp Interactive Inc. (“Snipp” or the “Company”) (TSX-V:SPN; OTC PINK:SNIPF), a global provider of digital marketing promotions, rebates and loyalty solutions, is pleased to announce its financial results for Q2 2019. All results are reported under International Financial Reporting Standards (“IFRS”) and in US dollars. A copy of the complete unaudited interim financial statements and management’s discussion and analysis are available on SEDAR (www.sedar.com).

Q2 2019 Highlights

(Refer to Non-GAAP Measures, Gross Margin, and EBITDA discussion below)

EBITDA in Q2 2019 improved by 101% compared to Q2 2018, an EBITDA improvement of $680,426. Q2 2019 EBITDA was positive $6,174 vs Q1 2018 EBITDA loss of $674,252.
EBITDA in the six months ended June 30, 2019 improved by 104% compared to the six months ended June 30, 2018, an EBITDA improvement of $1,186,397. For the six months ended June 30, 2019 EBITDA was positive $43,443 compared to the six months ended June 30, 2018 EBITDA loss of $1,142,954.
The Company has been EBITDA positive for the last four consecutive quarters from Q3 2018 to Q2 2019, recognizing EBITDA of $388,772 over these four quarters.
Revenue for Q2 2019 decreased by 20% compared to Q2 2018. Revenue for Q2 2019 was $2.41MM compared to revenue for Q2 2018 of $3.02MM. However, this decrease was due to an increase in higher margin revenue, which is recognized over a longer time period. As a result, while total revenue realized in the quarter decreased, this was offset by higher margins and lower operating expenses, resulting in a 101% increase in EBITDA in Q2 2019 compared to Q2 2018.
Gross margin in Q2 2019 was 76% compared to 51% in Q2 2018.
Revenue for the six months ended June 30, 2019 decreased by 10% compared to the six months ended June 30, 2018. Revenue for the six months ended June 30, 2019 was $5.28MM compared to revenue for the six months ended June 30, 2018 of $5.89MM. However, while total revenue realized in the six months decreased, this was offset by lower operating expenses, resulting in a 104% increase in EBITDA in the first half of Fiscal 2019 compared to Fiscal 2018.
Gross margin for the six months ended June 30, 2019 was 76% compared to 57% for the six months ended June 30, 2018.
The Company continued to focus on cost improvements from its integration efforts, resulting in the following Q2 2019 cost savings compared to Q2 2018:

Salaries and compensation expenses decreased by approximately US $405k or 22%;
General and administrative expenses decreased by approximately US $42k or 16%;
Professional fees expenses decreased by approximately US $5k or 28%;

The following are cost savings recognized in the six months ended June 30, 2019 compared to the six months ended June 30, 2018:

Salaries and compensation expenses decreased by approximately US $705k or 19%;
General and administrative expenses decreased by approximately US $83k or 16%;

“Q2 2019 represents our fourth consecutive quarter that we have achieved positive EBITDA. This is a significant achievement for us, and I would like to thank our employees for executing to our plan and our clients for continuing to invest their budgets with us. While our growth might appear weak, our revenue mix has improved significantly, as we enter into larger contracts with long term recurring revenue streams. As a result our business is far more healthier today than in its history, by any metric, financial or otherwise. We are continuing to see the market signals that give us the comfort that our strategy to grow sustainably and disrupt the multiple industries we play in as an achievable goal in the foreseeable future,” said Atul Sabharwal, Founder & CEO of Snipp.

Non-GAAP Measures

Snipp uses certain performance measures throughout this document that are not recognizable under Canadian generally accepted accounting principles or IFRS (“GAAP”). These performance measures include Gross Margin and EBITDA. Management believes that these measures provide supplemental financial information that is useful in the evaluation of the Company’s operations.

Investors should be cautioned, however, that these measures should not be construed as alternatives to measures determined in accordance with GAAP and IFRS as an indicator of Snipp’s performance. The Company’s method of calculating these measures may differ from that of other organizations, and accordingly, these may not be comparable.

EBITDA

Snipp defines earnings before interest, taxes, depreciation and amortization (“EBITDA”) as revenue minus operating expenses excluding non-cash operating expenses of stock-based compensation, depreciation and amortization (interest, foreign exchange and taxes are not included in the Company’s operating expenses).

Gross Margin

Snipp defines Gross Margin as revenue less campaign infrastructure. The Company’s calculation of Gross Margin is not a financial measure that is recognized under GAAP. Investors should be cautioned that the Company’s defined Gross Margin should not be construed as an alternative measure to other measures determined in accordance with GAAP.

The Following are calculations of EBITDA:

Three Months Ended June 30, 2019

Three Months Ended June 30, 2018

Six Months
Ended June 30, 2019

Six Months
Ended June 30, 2018

USD

USD

USD

USD

Net loss before interest, foreign exchange and taxes

(577,621
)

(1,234,544
)

(1,131,598
)

(2,275,668
)

Amortization of intangibles

535,670

477,814

1,063,398

947,942

Depreciation of equipment

6,706

7,917

14,135

14,528

Stock-based compensation

41,419

74,561

97,508

170,244

EBITDA

6,174

(674,252
)

43,443

(1,142,954
)

The Following are calculations of Gross Margin:

Three Months
Ended June 30, 2019

Three Months
Ended June 30, 2018

Six Months
Ended June 30, 2019

Six Months
Ended June 30, 2018

USD

USD

USD

USD

Revenue

2,407,354

3,019,342

5,282,423

5,891,859

Less:

Campaign infrastructure

587,177

1,480,785

1,280,602

2,509,869

Gross Margin

1,820,177

1,538,557

4,001,821

3,381,990

About Snipp:

Snipp is a global loyalty and promotions company with a singular focus: to develop disruptive engagement platforms that generate insights and drive sales. Our solutions include shopper marketing promotions, loyalty, rewards, rebates and data analytics, all of which are seamlessly integrated to provide a one-stop marketing technology platform. We also provide the services and expertise to design, execute and promote client programs. SnippCheck, our receipt processing engine, is the market leader for receipt-based purchase validation; SnippLoyalty is the only unified loyalty solution in the market for CPG brands. Snipp has powered hundreds of programs for Fortune 1000 brands and world-class agencies and partners.

Snipp is headquartered in Toronto, Canada with offices across the United States, Canada, Ireland, Europe, and India. The company is publicly listed on the Toronto Stock Venture Exchange (TSX-V) in Canada and is also quoted on the OTC Pink marketplace under the symbol SNIPF. Snipp was selected to the TSX Venture 50®, an annual ranking of the strongest performing companies on the TSX Venture Exchange, in 2015 and 2016. Snipp is ranked amongst the top 500 fastest growing companies in North America on Deloitte’s Technology Fast 500™, for the third year in a row.

FOR FURTHER INFORMATION PLEASE CONTACT:

Snipp Interactive Inc.
Jaisun Garcha
Chief Financial Officer
investors@snipp.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.

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.

Copyright Snipp Interactive Inc. All rights reserved. All other trademarks and trade names are the property of their respective owners.

SOURCE: Snipp Interactive Inc.

ReleaseID: 557859

DELTA, BC / ACCESSWIRE / August 29, 2019 / AirTest Technologies Inc. (“ATI” or the “Company”) (TSXV:AAT) announced this week that the Company can now pursue a debenture offering that will provide the necessary financing to enable ATI to increase our sales and marketing efforts. Once we are able to ramp up our marketing capability, we will be able to take advantage of our recently developed wireless systems to reduce energy costs for heating and cooling in commercial buildings. Under the direction of Mike Schell, ATI’s VP Marketing and Business Development, we have spent considerable time and money over the last 3 years to develop and field test a portfolio of easily installed, wireless, energy saving products. These products have received considerable interest from various retail chains who are interested in moving forward with our program. The financing will enable us to add the necessary personnel to follow up all our leads and develop new projects to utilize our wireless systems.

We have also enjoyed some growth with our core products, with sales for the first 7 months of 2019 being 45% higher than for the same period in 2018. We have a number of R&D projects under way that will also strengthen our core product offering, particularly in the application of parking garage ventilation control.

According to ATI President George Graham “we look forward to having the necessary working capital to enable us to make a significant change in the dimension and scope of this company.”

# # #

Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements”. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially
from the expected results.

For further information, please contact:

Mr. George Graham, President
Phone: (604) 517 3888
Fax: (604) 517 3900
Email: ggraham@airtesttechnologies.com
Website: www.airtesttechnologies.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 release.

SOURCE: AirTest Technologies Inc.

ReleaseID: 557784

Generated $3.59 million in Revenue and $1.08 million in Adjusted EBITDA

TORONTO, ON / ACCESSWIRE / August 29, 2019 / Adcore Inc. (the “Corporation” or “Adcore”) (TSXV:ADCO)(OTC:ADCOF), a leading provider of machine-learning powered advertising technologies used by digital agencies and advertisers to enhance and maximize Search Engine Marketing (“SEM”), today announced its financial results for the three and six months ended June 30, 2019.

Second Quarter 2019 Highlights

Successfully completed a public listing on the TSX Venture Exchange by way of a reverse take-over between Adcore’s wholly-owned subsidiary, Podium Advertising Technologies Ltd., and County Capital One Ltd. (“County”) and began trading on May 29, 2019 under the symbol TSXV:ADCO

When combined with funds in County at the time of closing, raised gross proceeds of approximately $4.0 million as part of the going-public effort

Total revenue was $3.59 million compared to $2.35 million for the same period in 2018, an increase of 53%

Revenue less media costs (gross margin) was 58% compared to 55% for the same period in 2018

Adjusted EBITDA (see “Use of Non-IFRS Measures”) was $1.08 million compared to Adjusted EBITDA of $0.87 million for the same period in 2018, an increase of 24%

Continued to invest in its global sales and marketing team and industry-leading technology, including the launch of an upgraded Alert system on the SEMDOC2 platform as well as the launch of an AI feed mapping feature on the feed:itor platform

As of June 30, 2019, total working capital was $3.56 million compared to ($161,000) for the year ended Dec 31, 2018, an increase of $3.72 million

As of June 30, 2019, the Corporation’s cash and cash equivalents was $4.4 million

Opened a Toronto office and relocated Adcore’s Head of Sales from Tel-Aviv to accelerate North American sales

Announced two significant contracts; the renewal of the Israeli Government Advertising Agency’s $125 million, 5-year contract and Experience Oz, Australia and New Zealand’s number one site for travel experiences, up to $5 million contract

“Our growth continues to outpace the market and our competitors, with yet another record quarter of revenue and earnings,” said Omri Brill, Chief Executive Officer. “Our outlook for the second half of the year, historically the stronger half of the year, remains extremely bullish and we expect to make several exciting announcements over the coming months to drive shareholder value.”

USE OF NON-IFRS MEASURES

Adjusted EBITDA

Management uses Adjusted earnings before interest, income taxes, depreciation and amortization (“Adjusted EBITDA”) as a key financial metric to evaluate Adcore’s operating performance and for planning and forecasting future business operations. Adjusted EBITDA excludes significant items which are non-operating in nature in order to evaluate Adcore’s core operating performance against prior periods. Adjusted EBITDA is not a measure of financial performance under GAAP and should be considered in addition to, and not as a substitute for net earnings, overall change in cash or liquidity of the business as a whole. Management believes the use of Adjusted EBITDA allows investors and analysts to understand the results of the continuing operations of the Corporation and its subsidiary, by excluding certain items that have a disproportionate impact on Adcore’s results for a particular period. Management’s method of determining non-GAAP financial measures are evaluated periodically and may differ from other companies’ methods and therefore may not be comparable to those used by other companies.

The following table presents the adjusted EBITDA for the periods ended:

Three Months ended
June 30, 2019

Three Months ended
June 30, 2018

CAD $ in thousands

CAD $ in thousands

Operating (loss) profit for the quarter

(1,196
)

603

Adjustments:

Depreciation and Amortization

147

77

Issuance expenses

2,061

–

Share-based payments

74

192

Total Adjustments

2,282

270

Adjusted EBITDA

1,086

873

ADCORE’s second quarter 2019 financial statements are available on the Corporation’s Sedar profile at www.sedar.com.

All amounts are in CAD and are based on ADCORE’s condensed interim financial statements for the three and six months ending June 30, 2019 and related notes prepared in accordance with International Financial Reporting Standards (IFRS), unless otherwise noted.

ABOUT ADCORE

Adore is a leading provider of machine-learning powered advertising technologies. Adcore’s suite of solutions empowers digital advertisers with automated solutions to enhance and maximize their Search Engine Marketing (“SEM”). Adcore’s technologies are designed for in-house marketing professionals, freelancers and advertising agencies to scale their SEM activity and maximize their ROI.

By combining extensive industry knowledge and experience with its proprietary artificial intelligence (“AI”) engine, Adcore offers a unique SEM platform. In addition to being named numerous times on Deloitte’s Fast 50 Technology list, Adcore is a certified Google Premier Partner.

Adcore serves hundreds of clients worldwide including: Digital Marketing Agencies, e-Commerce Businesses, Travel, Financial Technology and Gaming Companies and its strength as an agile and leading player in the industry has led to winning the largest online tender to date in Israel, a co-managed 5-year $125 million contract with the Israel Government Advertising Agency.

Established in 2006 and majority-owned by its founder and CEO, Mr. Omri Brill, the Corporation employs over thirty people in its headquarters in Tel Aviv, Israel and satellite offices in Melbourne, Australia, Toronto, Ontario and Winnipeg, Manitoba.

For more information about Adcore, please visit https://www.adcore.com/investor

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements, including statements about the Corporation. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Corporation cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

For further information please contact:

ADCORE INC.

Robert Munro, Director
Telephone: 888-448-4969
Email: rob.m@adcore.com
Website: www.adcore.com

Omri Brill, CEO
Telephone: 647-497-5337
Email: info@adcore.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 the accuracy of this release.

SOURCE: Adcore Inc.

ReleaseID: 557769

Leading Forum for Sustainability in US Port Operations

PHOENIX, AZ / ACCESSWIRE / August 29, 2019 / Taronis Technologies, Inc., (“Taronis” or “the Company”) (NASDAQ:TRNX), a leading clean technology company in the renewable resources and environmental conservation industry, today announced it has been invited to participate as a keynote speaker at the upcoming Greentech in Shipping USA Conference to be held on September 3-4, 2019 at the Hilton Blue Lagoon Hotel in Miami, Florida.

The event is slated to host a number of leading US Port executives, as well as key representatives for many of the largest global operators in shipping, transportation, cruise line operators, ship construction and sustainability technology providers centered on the USA shipping and port operations industry. For additional information on this event, please use the following link:

https://www.usgreentechshipping.com/index.php#location

About Taronis Technologies, Inc.

Taronis Technologies, Inc. (TRNX) owns a patented plasma arc technology that enables two primary end use applications for fuel generation and water decontamination.

The Company’s fuel technology enables a wide use of hydrocarbon feedstocks to be readily converted to fossil fuel substitutes. The Company is developing a wide range of end market uses for these fuels, including replacement products for propane, compressed natural gas and liquid natural gas. The Company currently markets a proprietary metal cutting fuel that is highly competitive with acetylene. The Company distributes its proprietary metal cutting fuel through independent distributors in the US and through its wholly owned distributors doing business as “MagneGas Welding Supply”. The Company operates 22 locations across California, Texas, Louisiana, and Florida.

The Company’s technology can also be implemented for the decontamination of waste water, including sterilizing water, eradicating all pathogens. The technology is being tested to determine if it can completely eliminate pharmaceutical contaminants such as antibiotics, hormones and other soluble drugs suspended in contaminated water. Lastly, the technology process is capable of reducing or eliminating other contaminants, such as harmful metals, as well as nitrogen, phosphorus, and potassium levels that trigger toxic algae blooms. The technology has prospective commercial applications in the agricultural, pharmaceutical, and municipal waste markets. For more information on Taronis, please visit the Company’s website at http://www.TaronisTech.com.

Taronis also owns a controlling interest in Water Pilot, LLC. The WATER PILOT® System immediately reduces water consumption and provides you with live remote consumption monitoring for long term leak protection and water asset management. An integral, client based alarm and notification system that reports to any mobile device. Water Pilot may be appropriate for a wide range of businesses or properties with a water meter. For more information, please visit our website at www.gowaterpilot.com/.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.

Investor Contacts:

Michael Khorassani
IR@TaronisTech.com

SOURCE: Taronis Technologies

ReleaseID: 557792

CounterPath Develops Call Center Ready Solution for the Channel; Partners babelforce and CloudCall are Amongst the First to Deploy

VANCOUVER, BC / ACCESSWIRE / August 29, 2019 / CounterPath Corporation (NASDAQ:CPAH) (TSX:PATH), a global provider of award-winning Unified Communications solutions for enterprises and solution providers, today announced that it has expanded the reach of its call center ready products, purpose-built for channel partners. The SaaS-based solution is available immediately through the CounterPath channel program: www.counterpath.com/channel-partner-program.

The solution leverages CounterPath’s Bria softphones and the Stretto Platform to enable a highly secure, subscription-based offering that overlays with channel partners’ contact center deployments. Together, Bria and Stretto enable significant benefits such as centralized provisioning, leveraging CounterPath’s robust Stretto API. The API unlocks service extensibility including:

The ability for agents to log into their softphones using their Microsoft corporate credentials;
Ease of integration with leading Customer Relationship Management (CRM) systems including Freshdesk, Microsoft Dynamics, Salesforce, SAP, Zoho CRM, Zendesk and SugarCRM;
Integration with existing MSI software management tools; and
The ability to tailor the softphone “on the fly” to fit any customer environment.

A recent market research report published by Grand View Research stated the global contact center software market would reach $47.8 billion by 2025, supporting a 25.7% CAGR. Hosted deployments are expected to represent approximately 47.4%, or $22.6 billion, by 2025[1], due to the benefits of ease of implementation, accessibility from anywhere anytime, and the simplicity in integration with other systems and platforms.

“We have already established our footprint with some of the largest hosted call center providers on the planet,” said Todd Carothers, EVP of Sales, Marketing, and Product at CounterPath. “We wanted to build on our success and power a hosted, scalable solution for the channel that would meet the requirements of a new breed of fast-growing hosted contact center providers. The early success of our channel partners has proven we have the right solution that meets these challenging requirements.”

The centrally managed solution powered by the CounterPath Stretto Platform makes ordering and deploying the solution easy. Stretto is multi-tenanted so partners can manage hundreds to thousands of customer accounts and millions of end-users.

“CounterPath enables us to scale our deployments easily,” said Christian Förster, COO / Co-Founder, babelforce. “CounterPath’s Bria and Stretto services allow us to offer Enterprise customers extremely high quality voice devices together with our integrations for CRMs and Helpdesk systems. Their deployment approach offers both flexibility and reliability at any scale.”

“We required a customized softphone-based solution that met the exacting requirements of our customers,” said Jason Kendall, CTO, CloudCall. “We selected CounterPath as our technology partner of choice due to the ultra-reliability of their Windows softphone and their strong customer focus. We are now looking to extend our Contact Center leadership to include large-scale Chromebook-based deployments.”

More information on the Bria solution for call centers is on the CounterPath website at www.counterpath.com/call-centre, or in the case studies found in the Resource Library on the site.

About babelforce

babelforce is a global cloud communications platform (www.babelforce.com/product) focused on no-code integration and automation. It allows non-technical people to build even the most complex of integrated processes for customer facing teams, particularly in the call center.

babelforce services are deployed in local data centers anywhere in the world: Europe & MEA, USA & Canada, APAC. As an integration platform, babelforce has integrators and pre-built connectors covering every component type used in modern contact centers and sales organisations: CRM, ticketing, BI, ERP, Workforce management and all kinds of messaging capability. The babelforce platform also gives direct access to infrastructure and algorithmic processing capabilities.

About CloudCall

CloudCall (CALL) helps more than 32,000 professionals boost their productivity by tightly integrating their communications into their CRM and ATS solutions. These users benefit from having their communications turned into valuable data that helps them work faster, have enhanced business insight, make better decisions and be more productive. CloudCall is headquartered in Leicester, UK, with offices in London, Boston MA, and Minsk. www.cloudcall.com.

About CounterPath

CounterPath Unified Communications solutions are changing the face of telecommunications. An industry and user favorite, Bria® softphones for desktop, tablet and mobile devices, together with Stretto Platform™ server solutions, enable service providers, OEMs and enterprises large and small around the globe to offer a seamless and unified communications experience across any networks. The Bria and Stretto combination enables an improved user experience as an overlay to the most popular UC and IMS telephony and applications servers on the market today. Standards-based, cost-effective and reliable, CounterPath’s award-winning solutions deliver high-quality voice and video calling, messaging, and presence offerings to our customers such as AT&T, Avaya, Bell Canada, BT, Liberty Global, Ribbon Communications, Uber, and Vonex. Visit counterpath.com and follow @counterpath.

###

Contacts

Hanna Miller
Director of Product Marketing
hmiller@counterpath.com

Investor Relations
ir@counterpath.com

[1] https://www.uctoday.com/unified-communications/60-of-the-smallest-businesses-unaware-of-unified-communications-ribbon-research-reveals/

Forward-Looking Statements

This news release contains “forward-looking statements”. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, outlook, expectations or intentions regarding the future, including the statements that (1) Partners bableforce and CloudCall are amongst the first to deploy; and (2) the global contact center software market would reach $47.8 billion by 2025, supporting a 25.7% CAGR and that hosted deployments are expected to represent approximately 47.4%, or $22.6 billion, by 2025. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (1) the variability in the Company’s sales from reporting period to reporting period due to extended sales cycles as a result of selling the Company’s products through channel partners or the length of time of deployment of the Company’s products by its customers; (2) the Company’s ability to manage its operating expenses, which may adversely affect its financial condition and ability to continue to operate as a going concern; (3) the Company’s ability to remain competitive as other better financed competitors develop and release competitive products; (4) a decline in the Company’s stock price or insufficient investor interest in the Company’s securities which may impact the Company’s ability to raise additional financing as required or may cause the Company to be delisted from a stock exchange on which its common stock trades; (5) the impact of intellectual property litigation that could materially and adversely affect the Company’s business; (6) the success by the Company of the sales of its current and new products; (7) the impact of technology changes on the Company’s products and industry; (8) the failure to develop new and innovative products using the Company’s technologies including the refresh of our Software-as-a Service (SaaS) solution; and (9) the potential dilution to shareholders or overhang on the Company’s share price of its outstanding stock options. Readers should also refer to the risk disclosures outlined in the Company’s quarterly reports on Form 10-Q, the Company’s annual reports on Form 10-K, and the Company’s other disclosure documents filed from time-to-time with the Securities and Exchange Commission at www.sec.gov and the Company’s interim and annual filings and other disclosure documents filed from time-to-time on SEDAR at www.sedar.com.

SOURCE: CounterPath Corporation

ReleaseID: 557810

Presentation Featured VenoValve as Potential Treatment of Chronic Venous Disease

IRVINE, CA / ACCESSWIRE / August 29, 2019 / Hancock Jaffe Laboratories, Inc. (NASDAQ:HJLI, HJLIW), a developer of medical devices that restore cardiac and vascular health, announced today that on August 25, 2019, Dr. Steven Elias, a member Hancock Jaffe’s Medical Advisory Board, made a presentation which featured Hancock Jaffe’s VenoValve, at the International Union of Phlebology Conference in Krakow, Poland. Dr. Elias’s presentation was on artificial vein valves in the treatment of chronic venous disease and included a video from Dr. Jorge Ulloa, the principal investigator for Hancock Jaffe’s first-in-man VenoValve study in Bogota, Colombia.

Dr. Marc H. Glickman, Hancock Jaffe’s Senior Vice President and Chief Medical Officer stated, “The news of our success with the VenoValve is beginning to spread among the vascular community and we have been asked to share our experiences and present our data at vascular conferences throughout the world. We have already been invited to present at five additional vascular conferences between now and the end of the year, and we have submitted abstracts at three additional conferences.”

Ninety-day data from Hancock Jaffe’s first-in-man Bogota study was released in July of 2019 and indicated substantial improvements in all end points of the study, including reflux (68% average improvement), manifestations of the disease (45% average improvement VCSS); and pain (39% average improvement VAS). Six-month data from multiple patients is expected to be released in late October of 2019.

Following the release of the October data, HJLI will re-engage the FDA, in preparation for filing the Investigational Device Exemption (IDE) application for the U.S. pivotal trial, which the company expects to file in early 2020. The first-in-human Bogota study for the VenoValve is the precursor to the U.S. pivotal trial, for which the company hopes to receive approval in the second half of 2020.

Chronic Venous Insufficiency (CVI) occurs when the valves in the veins of the venous system of the leg are injured or destroyed, causing blood to flow backwards (reflux) and pool in the lower extremities. Reflux causes increased venous pressure (venous hypertension) which often results in debilitating symptoms such as swelling, intense pain, and skin ulcerations that become ongoing, open wounds.

Approximately 2.4 million patients in the U.S. suffer from CVI due to reflux in the deep venous system, representing a potential addressable U.S. market in excess of $14 Billion. Direct medical expenses in the U.S. for venous ulcers from CVI exceed $30 Billion per year. There are currently no FDA approved devices, or effective treatments for deep venous CVI.

The International Union of Phlebology includes a regional, national, and multinational conglomerate of 67 professional organizations with an interest in the professional study and treatment of patients with venous and lymphatic disorders, in sharing information, and in ground- breaking applications of science, pharmacology, and medical device innovation available worldwide in venous disease. The main roles of the organization are to strengthen the link between international member societies that have a special interest in venous and lymphatic disorders, to promote recommendations on the teaching of phlebology and the training and continuing medical education of phlebologists, to develop a consensus on all aspects of venous and lymphatic disorders, and to encourage clinical and basic research on these topics.

About Hancock Jaffe Laboratories, Inc.

Hancock Jaffe Laboratories (NASDAQ:HJLI) specializes in developing and manufacturing bioprosthetic (tissue based) medical devices to establish improved standards of care for treating cardiac and vascular diseases. Hancock Jaffe currently has two lead product candidates: the VenoValve®, a porcine based valve which is intended to be surgically implanted in the deep venous system of the leg to treat reflux associated with Chronic Venous Insufficiency; and the CoreoGraft®, a bovine tissue based off the shelf conduit intended to be used for coronary artery bypass surgery. Hancock Jaffe has a third product candidate, which is a porcine tissue-based heart valve, which may be a candidate for pediatric aortic/mitral valve replacement. Hancock Jaffe has a 19-year history of developing and producing FDA approved medical devices that sustain or support life. The current management team at Hancock Jaffe has been associated with over 80 FDA or CE marked medical devices. For more information, please visit HancockJaffe.com.

Cautionary Note on Forward-Looking Statements

This press release and any statements of stockholders, directors, employees, representatives and partners of Hancock Jaffe Laboratories, Inc. (the “Company”) related thereto contain, or may contain, among other things, certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission. Actual results (including, without limitation, the performance of the new board members described herein) may differ significantly from those set forth or implied in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company’s control). The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future presentations or otherwise, except as required by applicable law.

HJLI Press Contacts:

Amy Carmer
Tel: 949-261-2900
Email: ACarmer@HancockJaffe.com

Media & Investor Relations Contact:

MZ North America
Chris Tyson
Managing Director
(949) 491-8235
HJLI@mzgroup.us
www.mzgroup.us

SOURCE: Hancock Jaffe Laboratories, Inc.

ReleaseID: 557777