Monthly Archives: January 2020

NYSE: MHK Investor Notice: Lawsuit against Mohawk Industries, Inc. announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / January 28, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Mohawk Industries, Inc. (NYSE:MHK) shares.

Investors, who purchased shares of Mohawk Industries, Inc. (NYSE:MHK), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The plaintiff alleged that the defendants failed to disclose to investors that the Company engaged in deceptive and unsustainable sales practices to mask declining customer demand for its Conventional Flooring products, that Mohawk's increasing inventories was not the result of increasing inflation or the Company's backward integration, but instead the result of the Company deliberately stuffing the channels with Conventional Flooring Products to boost sales, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased Mohawk Industries, Inc. (NYSE:MHK) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 574295

MHK Shareholders: March 3, 2020 Filing Deadline in Class Action – Contact Lieff Cabraser

SAN FRANCISCO, CA / ACCESSWIRE / January 28, 2020 / The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action litigation on behalf of investors who purchased the common stock of Mohawk Industries, Inc. ("Mohawk" or the "Company") (NYSE:MHK) between April 28, 2017 and July 25, 2019, inclusive (the "Class Period").

If you purchased shares of the common stock of Mohawk during the Class Period, you may move the Court for appointment as lead plaintiff by no later than March 3, 2020. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

Mohawk investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Mohawk, incorporated and headquartered in Calhoun, Georgia, is a global manufacturer of flooring products, including ceramic and porcelain tile and natural stone products, carpets, rugs, laminate, hardwood flooring, sheet vinyl, and luxury vinyl tile, or LVT.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that Mohawk engaged in a scheme to inflate its revenues and earnings by stuffing the channel with its conventional flooring products and booking fictitious sales of those products. Defendants made false and misleading statements about Mohawk's sales growth and the demand for its conventional flooring products. Defendants also reassured investors about Mohawk's increasing accounts receivable and inventory levels by falsely attributing those increases to market factors including rising raw material costs and inflation.

The truth about Defendants' fraudulent scheme was revealed beginning on July 25, 2018, when the Company reported disappointing financial results well below its previous guidance and Wall Street estimates. The Company also announced that it would be reducing production, which indicated that its sales channels were stuffed with more product than it was able to sell. Following this news, Mohawk's stock price declined $38.06 per share, or 17%, from its closing price on July 25, 2018 to close at $179.31 on July 26, 2018.

On October 25, 2018, Mohawk reported its financial results for the third quarter of 2018 that was well below analysts' estimates. Mohawk executives attributed the disappointing results, in part, to further manufacturing reductions that were required to control inventory buildup. On this news, the Company's stock price fell $36.03 per share, or 23.9%, from its closing price on October 25, 2018 to close at $115.03 per share on October 26, 2018.

On July 26, 2019, Mohawk reported that it was again reducing production to control inventory levels so that supply matched customer demand. Following this news, the price of Mohawk stock fell nearly 18% to close at $128.84 on July 26, 2019.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation's top plaintiffs' law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms "representing the best qualities of the plaintiffs' bar and that demonstrated unusual dedication and creativity." Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm's "laser focus" and noting that our firm routinely finds itself "facing off against some of the largest and strongest defense law firms in the world." Benchmark Litigation has named Lieff Cabraser one of the "Top 10 Plaintiffs' Firms in America."

For more information about Lieff Cabraser and the firm's representation of investors, please visit https://www.lieffcabraser.com/.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact for Media Inquiries Only

Sharon M. Lee
Lieff Cabraser Heimann & Bernstein, LLP
Telephone: 1-800-541-7358

SOURCE: Lieff Cabraser Heimann & Bernstein

ReleaseID: 574286

Stonegate Capital Partners Initiates Coverage on Voleo Trading Systems, Inc. (TSXV:TRAD)

DALLAS, TX / ACCESSWIRE / January 28, 2020 / Voleo Trading Systems, Inc. (TSXV:TRAD): The full report can be accessed by clicking on the following link: http://stonegateinc.com/reports/TRAD.V%20Initiation.pdf

COMPANY DESCRIPTION

Voleo Trading Systems Inc. is a cutting-edge Fintech company that delivers to self-directed investors the only individual, team and investment club trading app on the market. As an inherently social platform, users of Voleo can collaborate, discuss, propose and vote on trade ideas, and follow influencers in the market on the Voleo Leaderboard using Voleo's patent-pending platform. Voleo operates as a discount brokerage in the US and is FINRA-licensed in all 50 states. The company offers a bespoke, as well as turn-key white-label solution for financial institutions around the world looking to enhance their brokerage offering and engage customers in a unique and gamified way. The company is headquartered in Vancouver, Canada.

SUMMARY

• Cutting Edge Technology – Voleo has developed a cutting edge, patent-pending, social trading technology for retail investors. The application is available on iOS, android, and web applications

• Registered Broker-Dealer – Voleo is registered in the U.S. as a brokerdealer with FINRA, SIPC, and SEC. In addition, the Company also has strategic collaborations with Nasdaq and TMX Group.

• Large Market Opportunity – The Company has a ready-built scalable business to consumer (B2C) platform in the United States. Additionally, the Company also has an international business to business pipeline where Voleo can white-label and create custom solutions for established financial institutions.

• Generational Investing Shift – Voleo is positioning itself to capture retail assets from younger investors by offering a differentiated product suite targeted specifically to Millennial and Generation Z individuals.

• Flexible Technology – The Company has created a flexible technology that will allow eventual expansion into additional asset classes in addition to public equity such as bonds and cryptocurrency.

• Global Recognition – Voleo has won several awards for its innovative technology and platform including the FinTech Breakthrough Awards for Best Trading App in 2019.

• Gaining Traction – The Voleo application had a soft launch in mid-2017 and commercial launch with the Company's first digital marketing campaign in the second half of 2019. The Company has since seen a 60% invitation to sign up conversion ratio along with over 50% of users contributing funds on a recurring basis. The Company has also been selected for a pilot program with a European Bank to power their branded, social investment hub.

• Breadth of Revenue Generation – Voleo has the ability to monetize their platform through several different streams including subscription fees, fees on premium research and data, implementation and service fees to institutions, advertising fees, and customer referrals. The Company also receives a share of interest on account balances.

• Valuation – We believe that TRAD offers a unique investment opportunity for the marketplace. Due to the early stage nature of the company and the lack of operating history, we have created a scenario analysis on page 7, which details Voleo's possible revenue ramp.

About Stonegate Capital Partners

Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high-quality investment opportunities.

CONTACT:

214-987-4121
Shane Martin, CFA

SOURCE: Stonegate Capital Partners

ReleaseID: 574272

DigiMax Adds Parallel Sports Group as Active Client

TORONTO, ON / ACCESSWIRE / January 28, 2020 / DIGIMAX GLOBAL SOLUTIONS (CSE:DIGI) (the "Company" or "DigiMax") is pleased to announced that it has officially commenced its consulting efforts with Parallel Sports Group Inc. based in New York, NY.

Parallel Sports Group Inc., a Delaware corporation ("Parallel Sports Group"), has been formed to exploit the explosive growth of two global sports, eSports and Cricket, through the hosting of live events combined with multi-platform interactivity, broadcasting and on-line streaming. Parallel is taking advantage of revolutionary trends in each industry, in which the founders believe that control of content generated by Parallel's live events offers a broad variety of revenue streams.

Parallel Sports Group is also planning to take advantage of existing technology by utilizing blockchain to allow micro-betting by hundreds of thousands of viewers at their events, as favorable regulations and adaptations of this technology evolves. This is in sharp contrast to other global sports such as soccer, American football, basketball and even hockey where the majority of betting proceeds are captured by Las Vegas-style betting venues where the event sponsors do not partake in the proceeds. In this case, Cricket does not attract Las Vegas-style betting and a much greater share of proceeds will be captured by Parallel Sports Group and its licensed betting partners.

By organizing multiple events per year, Parallel Sports Group will bring together up to 100,000 participants to live events, with potential for an additional 500,000-plus individuals who would participate on-line. These events bring together the world's third most popular team-sport of cricket, together with exciting all-day music events where both live and electronic participants can cheer for their teams, enjoy great music, bet, set up fantasy sports teams and, if they are fortunate, win great cash prizes.

Parallel Sports Group has established a line-up of events in 2020 that, based on historical results, could generate substantial first-year profitable revenue with a forecast for that number to increase significantly over three years.

Cricket is the world's third most popular sport around the globe behind soccer and basketball. In the US alone, there are more than 20 million fans that watch one or more cricket matches per year, and that 20 million represent a very high level of socio-economic participants.

E-sports has grown to enjoy the size of viewership in the US equivalent to most major sports franchises including baseball, basketball and US Football. Globally, it is estimated that 2019 revenues from e-sports exceeded $1 billion and this number is growing annually at a rate approaching 20%.

Parallel Sports was designed to take the best features of multiple high-growth spectator activities and to combine them into a single event. Revenue from these events is derived from multiple sources including:

Media rights (domestic and international)
Games (video, mobile, fantasy)
Sponsorship and Licensing
Merchandise sales
Sports betting
Ticket Sales
Pay for view
Hospitality

The management group behind Parallel Sports Group has enjoyed tremendous success by being slightly behind the first entrants to a new market, but by becoming the biggest – exactly as they plan to do in the e-sports industry. The key individuals among a much broader management group include:

Howard Tytel

Founder and CEO

An attorney who has been a founding principal in many publicly-traded companies engaged in sports and entertainment businesses. Mr. Tytel was a founding principal of the company that owned the hugely successful reality music competition, American Idol, and a senior executive of the largest concert company in the world SFX Entertainment, and of SFX Sports, which was the second largest integrated sports company in the U.S. The SFX companies were sold to become part of the multi-billion-dollar music entertainment conglomerates Clear Channel and LiveNation.

Shelly Finkel

Senior Adviser

A well-known executive in the sports and entertainment field as a member of the World Boxing Hall of Fame and manager of numerous World Championship Boxers, including a current world heavy-weight champion. Mr. Finkel, a pioneer in streaming and pay-per-view revenue generation, has also been an owner and operator of music venues and has been a promoter of world-famous music and sports events. My. Finkel continues to serve as a senior executive at LiveStyle-EDM around the world.

Matt Haines

CEO of Epic Sports & Entertainment

Mr. Haines brings more than 20 years-experience in the sports entertainment industry to the leadership of Pro-AGA. After starting a career at SFX Entertainment, he became a partner at Inside Sports and Entertainment, where he increased its revenue growth by over $30m/yr. He has managed talent for NBC Sports and DirecTV for events including Super Bowl weekend since 2010. As CEO of Epic Sports and Entertainment, he works with a wide array of athletes and celebrities running their foundations and assisting in career management.

Vageesh Naik

CEO of Parallel Cricket

Mr. Naik, a long-time leader in Cricket in India and the U.S., was successful in organizing two international Cricket games between the Indian and the West Indies National teams in Fort Lauderdale, Florida, August 2016, Mr. Naik is the CEO at Reva Capital Markets LLC, where he focuses on providing clients a nuanced and specialized perspective on global capital markets and is an active investor in startups and small businesses in the U.S., India and China.

"We believe that eSports has proven its staying power among millennials and even several from older generations and that it will prove to be a powerful entertainment influence for year to come," said Parallel Sports Group co-founder Howard Tytel. "We have combined that belief with our other proven understanding that it is not important who is first to a new business, but rather who is the biggest!!" Our team of founders has decades of proven success building large businesses and we see the combined e-Sports and Live Entertainment businesses fast becoming one of the biggest in North America, if not the world."

Parallel Sports will soon be providing an opportunity for investment partners to join the leadership team in growing this company to its full potential. Interested parties can contact DigiMax at the Contact info below to determine if this might make a suitable investment for certain interested parties.

About DigiMax

DigiMax is based in Toronto and is the first global company in the Digital Security space to be both publicly listed (listed on the Canadian Securities Exchange-symbol: DIGI) and to be approved by OSC in Ontario, Canada as an 'Exempt Market Dealer'.

DigiMax is currently seeking to become a registered dealer in several other countries and is developing a state-of-the-art platform with its partners to provide qualified investors preferred access to high quality digital security offerings in the rapidly growing Digital Security market. DigiMax also assists companies to raise capital through traditional forms of securities.

The Company has a highly qualified management team with extensive experience in global financial and capital markets, combined with a rapidly expanding global presence with joint venture partnerships already established in such important geographies as USA, Hong Kong, Indonesia, Malaysia, England, Singapore, Korea and Malta with discussions or negotiations underway in several more.

Contacts DigiMax:

Chris Carl Damon Stone
President & CEO Consultant
416-312-9698 647-465-0148
ccarl@digimax-global.com dstone@digimax-global.com

Cautionary Note Regarding Forward-looking Statements

NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

This press release contains "forward-looking statements". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding changing the Company's name.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: shareholders approving the change of name to DigiMax, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE: DigiMax Global Solutions

ReleaseID: 574317

Energy Recovery to Host Fourth Quarter and Fiscal Year 2019 Financial Results Conference Call on March 5, 2020

SAN LEANDRO, CA / ACCESSWIRE / January 28, 2020 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ended December 31, 2019 on Thursday, March 5, 2020 after market close.

The Company will also hold a conference call to discuss the fourth quarter and year end 2019 financial results on Thursday, March 5, 2020 at 2:00 PM PST / 5:00 PM EST. Robert Mao, Chairman of the Board of Directors and Interim President and Chief Executive Officer, and Joshua Ballard, Chief Financial Officer, will host the conference call and take analyst questions after prepared remarks.

EARNINGS RELEASE
Thursday, March 5, 2020 (after market close)

LIVE CONFERENCE CALL
Thursday, March 5, 2020, 2:00 PM PST / 5:00 PM EST
Listen-only, US / Canada Toll-Free: +1 (877) 709-8150
Listen-only, Local / International Toll: +1 (201) 689-8354
Access code: 13698251

CONFERENCE CALL REPLAY
Expiration: Saturday, April 4, 2020
US / Canada Toll-Free: +1 (877) 660-6853
Local / International Toll: +1 (201) 612-7415
Access code: 13698251

Investors may also access the live call or the replay over the internet at ir.energyrecovery.com. The replay will be available approximately three hours after the live call concludes.

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ:ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Both our headquarters in San Leandro, California, and our Commercial Development Center in Katy, Texas house on-site research, development and manufacturing facilities. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Contact:

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

SOURCE: Energy Recovery, Inc.

ReleaseID: 574206

Sanara MedTech Inc. Announces the Appointment of Zach Fleming and Shawn Bowman as Co-Chief Operating Officers

FORT WORTH, TX / ACCESSWIRE / January 28, 2020 / Sanara MedTech Inc. Based in Fort Worth, Texas, Sanara MedTech Inc. ("Sanara" or the "Company") (OTCQB:SMTI), a provider of surgical and chronic wound care products dedicated to improving patient outcomes, announced today that the Board of Directors has approved the appointment of Zach Fleming and Shawn Bowman as Co-Chief Operating Officers of the Company. Mr. Fleming currently serves as the President of the Company's Surgical Division, and Mr. Bowman currently serves as the President of the Company's Wound Care Division. They will retain those positions in addition to the new responsibilities with these appointments.

Ron Nixon, Sanara's Executive Chairman stated, "Zach and Shawn are accomplished executives who have exhibited strong leadership as they have built-out the sales and distribution channels in their respective divisions. Their appointments as Co-COO's are meant to ensure that the Company's operations are fully aligned with the current two divisions as well as with the execution of Sanara's strategic initiatives."

The appointments are effective immediately.

About Sanara MedTech Inc.

With a focus on improving patient outcomes through evidence-based healing solutions, Sanara MedTech Inc. markets and distributes wound and skincare products to physicians, hospitals, clinics, and all post-acute care settings. We are constantly seeking long-term strategic partnerships with a focus on products that produce efficacious outcomes at a lower overall cost. Our products are primarily sold in the North American advanced wound care and surgical tissue repair markets. Sanara MedTech markets and distributes CellerateRX® Surgical Activated Collagen® to the surgical markets as well as the following products to the wound care market: BIAKŌS™ Antimicrobial Skin and Wound Cleanser, HYCOL™ Hydrolyzed Collagen, and PULSAR II™ Advanced Wound Irrigation™ (AWI). In addition, Sanara is actively seeking to expand within its six focus areas of wound and skincare for the acute, post-acute, and surgical markets. The focus areas are debridement, biofilm removal, hydrolyzed collagen, advanced biologics, negative pressure wound therapy adjunct products, and the oxygen delivery system segment of the healthcare industry. For more information, visit SanaraMedTech.com.

Information about Forward-Looking Statements

The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. This document may contain forward-looking statements concerning the Company's operations, current and future performance and financial condition. These items involve risks, contingencies and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, the ability to consummate and integrate acquisitions, and other risks, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the Company's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.

Investor Contact:

Callon Nichols, Director of Investor Relations
713-826-0524
CNichols@sanaramedtech.com

SOURCE: Sanara MedTech Inc.

ReleaseID: 574285

Aytu BioScience Announces Acceptance of Natesto Spermatogenesis Study Results for Presentation at ENDO 2020

ENGLEWOOD, CO / ACCESSWIRE / January 28, 2020 / Aytu BioScience, Inc. (NASDAQ:AYTU), a specialty pharmaceutical company focused on commercializing novel products that address significant patient needs today announced the acceptance of a scientific abstract reporting the results of the Natesto Spermatogenesis Study by the Endocrine Society for presentation at the Endocrine Society's Annual Meeting.

Thomas Masterson, MD, Urology Fellow in the Department of Urology at the University of Miami School of Medicine, will present the Natesto clinical study results during a poster session at ENDO 2020, which will be held in San Francisco, CA March 28-31, 2020.

The Natesto Spermatogenesis Study has been conducted under the direction of principal investigator Ranjith Ramasamy, MD, Associate Professor and Director of Reproductive Urology, Department of Urology, University of Miami School of Medicine.

Presentation Details:

Presenting Author: Thomas Masterson, MD, Fellow, Department of Urology, University of Miami School of Medicine
Presentation Title: The Effect of Natesto on Spermatogenesis, Reproductive Hormones, and Hypogonadal Symptoms: A Phase IV Study
Abstract Number: 5238

Additionally, Dr. Masterson has been selected to receive an Outstanding Abstract Award in conjunction with ENDO 2020 for this abstract.

All abstracts presented at ENDO 2020 will be published after the conclusion of ENDO 2020 in the Journal of the Endocrine Society.

About Aytu BioScience, Inc.

Aytu BioScience is a commercial-stage specialty pharmaceutical company focused on commercializing novel products that address significant patient needs. The company currently markets a portfolio of prescription products addressing large primary care and pediatric markets. The primary care portfolio includes (i) Natesto®, the only FDA-approved nasal formulation of testosterone for men with hypogonadism (low testosterone, or "Low T"), (ii) ZolpiMist™, the only FDA-approved oral spray prescription sleep aid, and (iii) Tuzistra® XR, the only FDA-approved 12-hour codeine-based antitussive syrup. The pediatric portfolio includes (i) AcipHex® Sprinkle™, a granule formulation of rabeprazole sodium, a commonly prescribed proton pump inhibitor; (ii) Cefaclor, a second-generation cephalosporin antibiotic suspension; (iii) Karbinal® ER, an extended-release carbinoxamine (antihistamine) suspension indicated to treat numerous allergic conditions; and (iv) Poly-Vi-Flor® and Tri-Vi-Flor®, two complementary prescription fluoride-based supplement product lines containing combinations of fluoride and vitamins in various for infants and children with fluoride deficiency. Aytu's strategy is to continue building its portfolio of revenue-generating products, leveraging its focused commercial team and expertise to build leading brands within large therapeutic markets. For more information visit aytubio.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, or the Exchange Act. All statements other than statements of historical facts contained in this presentation, are forward-looking statements. Forward-looking statements are generally written in the future tense and/or are preceded by words such as ''may,'' ''will,'' ''should,'' ''forecast,'' ''could,'' ''expect,'' ''suggest,'' ''believe,'' ''estimate,'' ''continue,'' ''anticipate,'' ''intend,'' ''plan,'' or similar words, or the negatives of such terms or other variations on such terms or comparable terminology. These statements are just predictions and are subject to risks and uncertainties that could cause the actual events or results to differ materially. These risks and uncertainties include, among others: risks relating to gaining market acceptance of our products, obtaining reimbursement by third-party payors, the potential future commercialization of our product candidates, the anticipated start dates, durations and completion dates, as well as the potential future results, of our ongoing and future clinical trials, the anticipated designs of our future clinical trials, anticipated future regulatory submissions and events, our anticipated future cash position and future events under our current and potential future collaboration. We also refer you to the risks described in ''Risk Factors'' in Part I, Item 1A of the company's Annual Report on Form 10-K and in the other reports and documents we file with the Securities and Exchange Commission from time to time.

Contact for Investors:

James Carbonara
Hayden IR
(646) 755-7412
james@haydenir.com

SOURCE: Aytu BioScience, Inc.

ReleaseID: 574232

Findit, Inc. Reports Record 4th Quarter in Revenue Up 297% and Earnings Up 331%

ATLANTA, GA / ACCESSWIRE / January 28, 2020 / Findit, Inc. (OTC PINK:FDIT) reported a revenue increase in the fourth quarter over the same period one year ago of 297%. With revenues of $225,057.00 versus $56,650.00, Findit, Inc. posted earnings for the 4th quarter ending December 31, 2019 of $38,863.00 versus a loss of ($16,808.00) over the same period one year ago. This is an increase of the same period last year of 331%.

Revenues for the 4th quarter has been a combination of revenue streams from our full-service social networking content management platform Findit.com and revenue from its B2B CBD Topical sales. Findit's recent focus on B2B sales in the third and fourth quarter of 2019 to major retailers and distributors Findit has been able to show an increase in revenue over the same period in 2018. Findit has generated sales through Major retailers in the United States to get its brand, Urban CBD Collective to consumers at affordable prices without the high cost of advertising.

As a result of reaching so many consumers throughout the U.S. by being in over 2,000 stores in the 3rd and 4th quarter of 2019, Findit is now in a situation to offer its full line of topical oils and lotions online at retail prices. This can increase profit margins while still providing our customers with price points that are very competitive and often lower than others in the CBD space.

Raymond Firth President stated "As we move forward in 2020 we will be looking at increasing online sales directly from Urban CBD Collective's website and other websites that want to carry the line. In addition to this we are extremely focused on introducing the newly revised Findit App in IOS and Android. We are hopeful that the new App features we are implementing that can be incredibly beneficial to members on Findit, will result in an increase of active daily users. We will be looking to monetize the App through traditional online advertising that will generate revenue from impressions and clicks."

With the increase in revenues and earnings in the past two quarters of 2019 Findit is seeking to become fully reporting so its shareholders and investors can rely on the financials reported moving forward. Findit announced in the fourth quarter that it has retained the law firm of Thomas Cook to draft and file its S1 Registration form and that it has retained the Auditing firm of Prager Metis CPAs.

"By becoming fully reporting in 2020 we are hopeful that more investors will take notice of Findit's technology, services and diversity of revenue streams." stated Raymond Firth

About Findit, Inc.

Findit, Inc., owns Findit.com which is 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 access to its content posted to 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 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. 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.

Safe Harbor:

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word believe or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Findit Inc. to differ materially from those implied or expressed by such forward-looking statements. This press release speaks as of the date first set forth above, and Findit Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.

Contact:
Clark St. Amant
404-443-3224

SOURCE: Findit, Inc.

ReleaseID: 574316

Wrap Technologies’ BolaWrap Deployed Live On KTLA 5 Los Angeles

TEMPE, AZ / ACCESSWIRE / January 28, 2020 /  Wrap Technologies, Inc. (the "Company" or "Wrap") (Nasdaq:WRTC), an innovator of modern policing solutions, demonstrated the BolaWrap 100 live on-air with KTLA Los Angeles on Friday, January 24, 2020. Wrap President Tom Smith and Master BolaWrap Instructor Joey Stoker simulated a team policing scenario and deployed a "double-wrap" (wrapping the subject's legs and arms simultaneously).

"The suspect's arms and legs are restrained. There's no electricity, no chemicals. We didn't hurt the suspect. But he's not going anywhere, so the officers can now safely take him into custody," Smith said during the interview.

Smith was interviewed alongside Chief Carlos Islas of Bell Police Department in California. Bell Police Department officers are currently carrying BolaWrap in the field.

Chief Islas discussed a recent successful use case where BolaWrap was pointed at a suspect, and the presence of the device's patented green line laser was enough to de-escalate the encounter and result in the suspect complying with the officer.

"It's a major benefit to the department in that it allows us to fill this gap that we've had for many years where the officers have a less than lethal option that doesn't require pain compliance," said Chief Islas. "It causes minimal disruption to the individual physically, but at the same time it restrains their movement, which allows officers to move in closer… to either take them into custody, or disarm them if he's a using an edged weapon or some other device that's not a firearm."

A video of the live deployment and full interview can be found here.

About Wrap Technologies (Nasdaq: WRTC)

Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information: BolaWrap and Wrap are trademarks of Wrap Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

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, total addressable market 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 implement training programs for the use of its products; the Company's ability to manufacture and produce product for its customers; the Company's ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain export licenses for counties outside of the US; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; 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.

WRAP TECHNOLOGIES' CONTACT:
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

SOURCE: Wrap Technologies, Inc. 

ReleaseID: 574297

Eco-Growth Strategies Announces Letter of Intent to Acquire Specialty CBD Company

Adds to its Growing list of Assets

SACRAMENTO, CA / ACCESSWIRE / January 28, 2020 / Eco-Growth Strategies, f/k/a Falcon Technologies, Inc. (the "Company" or "Eco-Growth Strategies") (OTC PINK:ECGS), a nutraceutical company developing a variety of premium CBD-based products specializing in sourcing and extraction of trusted North American hemp, today announced that the company has formally entered into a Letter of Intent (LOI) to acquire an ultra-premium hemp-based CBD company that focuses on athletes, fitness minded individuals as well as the general population. The handcrafted catalog of products contains no THC and are produced with the highest quality CBD. The ultra-premium hemp-based CBD company has projected 150% YoY growth, 70% repeat customer rate and has generated $354,000 of revenue in the last fourteen months. The acquisition will be folded into the already existing assets of Eco-Growth Strategies.

"While terms are still being finalized, we cannot offer many specifics, but we are excited to formally acquire a company that has firmly established a niche within the CBD space. Adding a quality, revenue generating asset to our organization is in-line with our business model that involves a bolt on strategy for existing companies that we feel benefit Eco-Growth's business channel within the CBD industry, says William Delgado, Chairman and CEO of Eco-Growth Strategies. While we intend to grow a portion of our company organically, we will seize opportunities like this when they make sense," added Delgado.

"We feel the synergies between the two companies will create an even larger presence for Eco-Growth and its subsidiaries, but more importantly, increase both the awareness in quality of our CBD products and create a competitive advantage within the massive non-THC cannabinoids with major focus on the CBD segment. It takes our company one step closer towards streamlining vertical integration." says Alan Lien,, President of XTRACTIONONE PLUS.

The company intends to provide specific information upon the company formally closing the sale in the future.

About Eco-Growth Strategies, Inc. A/K/A Falcon Technologies, Inc.

Eco-Growth Strategies, Inc. is a nutraceutical and processing company developing a range of CBD-based products. The company's mission is to employ best practice science to source, manufacture, and package the process all of its CBD products from within the United States. The company performs farm and manufacturing site visits and sources its products from only the highest quality hemp farms in North America.

CBD Disclaimer

The statements made regarding CBD products including our future products have not been evaluated by the Food and Drug Administration. The efficacy of these products and the testimonials made has not been confirmed by FDA- approved research. These products are not intended to diagnose, treat, cure or prevent any disease. All information presented here is not meant as a substitute for or alternative to information from healthcare practitioners. Please consult your healthcare professional about potential interactions or other possible complications before using any product. The Federal Food, Drug, and Cosmetic Act requires this notice.

SAFE HARBOR ACT

Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Richard Brown
rbrown@nesscc.com
978-767-0048
https://ecogrowthstrategies.com/our-team/

SOURCE: Eco-Growth Strategies 

ReleaseID: 574293