Monthly Archives: February 2020

DEADLINE ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Green Dot Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of February 18, 2020 – GDOT

NEW YORK, NY / ACCESSWIRE / February 18, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Green Dot Corporation ("Green Dot") (NYSE:GDOT) between May 9, 2018 and November 7, 2019. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Central District of California. To get more information go to:

https://www.zlk.com/pslra-1/green-dot-corporation-loss-form?wire=1

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Green Dot's strategy to attract "high-value" long-term customers was at the expense of "one and done" customers; (2) Green Dot's "one and done" customers represented a significant source of revenues in its legacy segment; (3) consequently, Green Dot's strategy was self-sabotaging; and (4) as a result of the foregoing, Defendants' statements about its business and operations were materially false and misleading at all relevant times.

If you suffered a loss in Green Dot you have until February 18, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 576818

Tell the Winning Story Presenting Two Workshops in Colorado

COLORADO SPRINGS, CO / ACCESSWIRE / February 18, 2020 / Jesse Wilson, founder, and CEO of Tell the Winning Story, is giving two workshops in Colorado. Tell the Winning Story empowers individuals and groups, from lawyers to businesspeople, to master the power of breakthrough communication with high-impact presentations and effective collaboration. Tell the Winning Story has contributed to several significant successes, including a recent $90 million verdict involving Werner Trucking.

The first Colorado workshop, sponsored by The Bussey Law Firm, is a two-day affair May 8-9 at the Cottonwood Center for the Arts in Colorado Springs. The second, sponsored by The Hyman Law Firm, P.A., is a one-day event on August 26 in the same location.

Jesse Wilson, communications specialist, jury trial consultant, and Juilliard trained actor and director, teaches workshop attendees to become master storytellers and "dig into" what he refers to as "the eight fundamentals of breakthrough communication." Wilson explains that whatever your specialty, whether criminal defense, personal injury, or medical malpractice, powerful communication is paramount to success in the courtroom.

"Telling your client's story involves digging deep into who they are at the core and discovering a rhythm and style that is all your own," says Jesse Wilson. "If you're in a street fight, you go back to the fundamentals to survive. Same holds true with effective communication. It's easy to get 'lost in your head,' but when it comes to commanding the courtroom stage, the fundamentals of getting your audience to not just listen, but care, are timeless because they work."

Jesse Wilson's foray into trial advocacy began after attending the Juilliard School. He co-founded a unique "theater-behind-bars" program for prison inmates called Lessons From The Stage. Through this program, he and his partner Dave Fein empowered inmates to delve into their creativity and sensitivity to explore and express emotions in a healthy way while developing and improving communication, human connection, and leadership skills.

The transformational experience affected Jesse Wilson profoundly, and it was not long before he was providing more extensive trial skills training to trial lawyers, public defendants, and law schools.

Tell the Winning Story offers many workshops and speaking engagements around the country on topics from master storytelling and trial advocacy to recovering and transitioning from incarceration to the outside world. True to its roots, Tell the Winning Story continues to empower people from all walks of life in overcoming various challenges.

To learn more about Tell the Winning Story and the newly-released "The 8 Fundamentals of Breakthrough Communication," available on Trial Guides, visit the website: https://www.tellthewinningstory.com/the-8-fundamentals-of-breakthrough-communication/

CONTACT:

Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Web Presence, LLC

ReleaseID: 576742

Mobile App Innovator, Kiran Panesar, Breaks Boundaries to Empower and Disrupts Mobile Technology

NEW YORK, NY / ACCESSWIRE / February 18, 2020 / In an age of constant disruption and global challenges, the world needs innovators and leaders to take charge. One of those disruptors is Kiran Panesar, an extraordinary creator, and inventor of modern technology solutions. You may not know his name, but you have probably used his technology.

At the age of 25, he has become a prodigy of his time, bringing a wealth of experience in technology, leadership, recruiting, innovation, and entrepreneurship to the world of media streaming. Panesar's latest creation, Current Media, has changed how advertising companies use media on a daily basis to increase their own revenue streams and have also given back to the consumers who use his technology.

Current Media's app (available on Android and iOS) rewards users for listening to 100,000+ music stations globally. "With Current, people earn money for their daily habits, such as getting paid for simply unlocking their phones," Panesar describes. The app further allows listeners to gain back control of their personal data and even profit against a system that has repeatedly misused, leaked, and sold without each individual's consent. "Our mission is to reward people for their data and attention, where most products profit from it without consent or compensation," Panesar continues. By giving users a cut of revenues, he found that Current develops trust with the consumer and further motivates them to engage in even higher-paying opportunities over time, giving them more reasons to continue to engage with the app.

But, with growth comes problems. "When Current started seeing natural product-market fit, we had thousands of people abusing the system. So, I had to react quickly to identify and prevent specific exploitative behavior," says Panesar. By creating innovative, industry-leading systems to more accurately measure, evaluate, and reward good user behavior, the technology behind the app is able to detect if users are abusing the product and if so, reduces their incentives. "This adjustment saved Current from losing thousands of dollars and allowed us to pay out over $120,000 to real people, not fraudsters," says Panesar.

Like most of his projects, Current Media is the first of its kind in the industry. Panesar employs a unique business model that has successfully aligned valued users, advertisers, and platforms.

To date, Current Media has reached more than 2.5 million users and employs over 30 people. Panesar and his team are responsible for raising over $36 million through an SEC-registered RegD/RegS Initial Coin Offer that attracts more than 200 investors globally. He also counts noted entrepreneur Mark Cuban as one of the company's first equity investors.

Panesar's success stems from his ability to see past the status quo in order to implement positive change. This honorable characteristic, coupled with his expertise in engineering, allows him to find critical vulnerabilities and solutions to some of the largest consumer apps worldwide.

Panesar's original concept for an innovative media start-up began in his bedroom when he was 16 years old. By the time he turned 18, he was leading companies that generated millions of dollars in revenue. One of those companies was the celebrity content website, Pairade. Since its debut, Pairade has ranked in the Top 200 highest trafficked websites in the U.S. and made the list of Top 1000 websites worldwide in 2018 within months of its launch. Further, Pairade's blog received more traffic than most popular news organizations.

During its implementation, Panesar focused on development and infrastructure, which kept the platform working efficiently for a fraction of the cost of its competitors. On his website, Panesar brought in over 100 million monthly page views. Pairade was responsible for further monetizing the digital following of some of the largest influencers and celebrities in the world, including the Kardashians, Snoop Dogg, 50 Cent, and more.

But his success doesn't end there, Panesar also led the release and development of several apps that have ranked among the Top 10 in the iTunes App Store, with quite a few trending worldwide on platforms such as YouTube, Twitter, and Instagram. This includes major names and partnerships with the likes of Instaliker, Celebrity Street Fight, Instakey, Wakaville, and Urban Pictionary. As luck would have it, this venture turned out to be the beginning step to founding MobileX Labs, now better known as Current Media.

Many will start fast, but Kiran Panesar is one of the few who will finish strong. Like how he breaks boundaries to empower and disrupts mobile technology, he also made his own walls down and made himself available to anyone who shares the same passion as he does. You can email him at kiran@current.us or phone him through ‪(331) 308-2575.

SOURCE: Kiran Panesar

ReleaseID: 576816

QUMU CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Merger

WILMINGTON, DE / ACCESSWIRE / February 18, 2020 / Rigrodsky & Long, P.A. announces that it is investigating Qumu Corporation ("Qumu") (NASDAQ CM:QUMU) regarding possible breaches of fiduciary duties and other violations of law related to Qumu's agreement to be acquired by Synacor, Inc. ("Synacor") (NASDAQ GS:SYNC). Under the terms of the agreement, shareholders of Qumu will receive 1.61 shares of Synacor common stock for each share of Qumu they own.

To learn more about this investigation and your rights, visit: https://www.rigrodskylong.com/cases-qumu-corporation.

If you would like to discuss this investigation and your rights cost and obligation free, please contact Seth D. Rigrodsky or Gina M. Serra toll free at (888) 969-4242 or by e-mail at info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT: 

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242 (Toll Free)
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com 
https://rl-legal.com

SOURCE: Rigrodsky & Long, P.A.

ReleaseID: 576812

Glucuronolactone Market to Exhibit Steady Growth through 2029; Dietary Supplements Gain Widespread Adoption, Reports Future Market Insights

Market leaders must lay greater strategic emphasis on R&D, capacity expansion, regional presence, and product portfolio development through mergers and acquisitions

DUBAI, UAE / ACCESSWIRE / February 18, 2020 / Global glucuronolactone market is poised for steady growth at a CAGR of ~4% during the forecast period (2019-2029). Augmented demand in flourishing food and pharmaceutical industries is to be ascribed for this growth projection. Glucuronolactone-based supplements have gained noteworthy momentum owing to enhanced consumer sentience regarding health concerns, says the FMI analyst.

"Food and pharmaceutical industries continue to hold majority share in glucuronolactone market. While developed regions such as Europe and North America account for substantial demand, East Asia will witness significant growth in glucuronolactone market," forecasts the FMI report.

Request sample of this report at https://www.futuremarketinsights.com/reports/sample/REP-GB-785

Key Takeaways of Glucuronolactone Market Study

Grade 0.99 glucuronolactone continues to capture leading market share.
Dietary supplements to remain preferred form of glucuronolactone intake by consumers, with energy drinks closing in.
Functional food industry will propel demand for glucuronolactone through 2029.
North America will generate remunerative opportunities in global glucuronolactone market.
The profit pool is primarily concentrated in food & beverages industry.

Glucuronolactone Market – Top Growth Drivers

Long-standing ban on glucuronolactone has been lifted by prominent countries thereby driving consumption.
Increased per capita expenditure on cosmetics and personal care products is bolstering market growth.
Consumers in developed countries increasingly favour glucuronolactone containing supplements which is a significant growth engine.
Glucuronolactone usage as a flavoring and emulsifier agent is generating demand in cereals and bakery segments.

Glucuronolactone Market – Key Restraints

Growing adulation of plant-based products amongst consumers is a major roadblock for glucuronolactone market growth.
Excessive intake of glucuronolactone-based supplements can be life-threatening for consumers thereby restraining market growth.

Schedule a meeting with expert analysts for detailed insights https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-785

Competitive Landscape

Some of the key market players profiled in the report include, but are not limited to, Foodchem International Corporation, Living Essentials Marketing, Serious Nutrition Solution, Red Bull GmbH, Merck Millipore Corporation, Roquette Frères, Monster Energy, LiveLong Nutrition, and Anhui Fubore. Mergers and acquisitions are the key developmental strategies being adopted by leading market players. For instance, Sigma-Aldrich was acquired by Merck Millipore Corporation which allowed the latter to expand its foothold in Asian and North American markets. On the other hand, Crest Cellulose was acquired by Roquette Frères (2018) which fortified the market positioning of both companies in pharmaceuticals and cosmetics industries.

More about the Report

The 250-page study offers an in-depth market forecast and analysis on glucuronolactone market. The major categories encompassed by the report include grade (0.97, 0.985, 0.99, 1.01, 1.02), end-use (functional food, energy drinks, cosmetics, pharmaceuticals, dietary supplements) across seven regions (Middle East & Africa, Oceania, Europe, Latin America, South Asia, East Asia, North America).

Explore Extensive Coverage of FMI's Food & Beverages Landscape

Dietary Supplements Market – FMI's panoramic analysis on global dietary supplements market helps stakeholders identify challenges and opportunities. The study covers key regions, competitive landscape, winning imperatives, and key recommendations.

Food Encapsulation Market – Get incisive insights on global food encapsulation market covering important market dynamics, current and historical growth parameters, and future growth prospects for 2019-2027.

Probiotic Supplements Market – Gather deep-dive analysis of global probiotic supplements market encompassing market performance parameters, key trends, revenue forecast, and value projection along with market share analysis of key players.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact:

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Research Report: https://www.futuremarketinsights.com/reports/glucuronolactone-market
Press Release Source: https://www.futuremarketinsights.com/press-release/glucuronolactone-market

SOURCE: Future Market Insights

ReleaseID: 576644

Tautachrome (OTC:TTCM) Announces Google’s TensorFlow (TM) Artificial Intelligence (AI) for Image Classification in ARknet Release 1.3.4

ORO VALLEY, AZ / ACCESSWIRE / February 18, 2020 / Tautachrome, Inc. (OTC PINK:TTCM) announces Google's TensorFlow™ artificial intelligence (AI) for image classification in ARknet release 1.3.4.

Cutting-Edge AI Image Categorization

Beginning with ARknet version 1.3.4, ARknet will have the ability to classify incoming images utilizing TensorFlow™, Google's artificial intelligence (AI) engine. The deployment of TensorFlow AI image recognition enables ARknet to crowdsource its userbase for machine learning purposes. Since ARknet can have segmented datasets, the ability to develop specialized machine learning models will also allow services to be provided to a wide range of business applications, connected devices, and enterprise services. TensorFlow is planned as the first of many AI frameworks that will be introduced into the ARknet platform in the future.

"This puts us at the cutting-edge of image categorization and verification. There are substantial opportunities for AI across a wide variety of industries – the healthcare industry is perhaps largest. Arguably, it takes more time for a human to read a hundred medical images than it would take an application utilizing AI to read, make annotations and distribute its assessment to a healthcare team," stated Jordan Gray, President and CIO of Tautachrome's strategic technology partner Honeycomb Archive, LLC.

David LaMountain, COO of Tautachrome, Inc. stated today, "Reaching the development point where TensorFlow is being implemented into ARknet is incredibly exciting. More people will soon see that what we have been building is not simply an app but a powerful platform."

Dr. Jon N Leonard, CEO of Tautachrome, Inc. remarked, "Machine learning technologies using recent advances in what is known as ‘deep learning convolutional neural networks' have become enormously powerful, solving longstanding problems in computer vision, speech recognition, biometrics, natural language processing, and many other arenas of human-like performance. These deep learning technologies are being deployed on a large scale by Microsoft, Google and Facebook, and are being made generally available through powerful tools such as TensorFlow. We are fortunate to have these tools available to us and a fabulous ARknet team to able deploy them in our ARknet 1.3.4 release."

TensorFlow, the TensorFlow logo and any related marks are trademarks of Google Inc.

Additional Tautachrome Statement: For regulatory compliance, all updates are posted to the Tautachrome, Inc. official twitter account https://twitter.com/Tautachrome_inc

About Tautachrome, Inc: Tautachrome, Inc. (OTCPINK:TTCM) is an emerging growth company in the Internet applications space. The company has revolutionary patents and patents pending in augmented reality, smart-phone image authentication and imagery-based social networking. The company is leveraging these technologies to develop privacy and security-based commercialized applications for global business and personal use.

Download ARknet for Android

https://play.google.com/store/apps/details?id=com.honeycombarchive.arknet

Download ARknet for iOS

https://apps.apple.com/us/app/arknet/id1466870072

Forward-Looking Statements: Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, risks of managing growth, governmental regulatory risks, technology development risks, schedule slippage risks, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Tautachrome's reports filed with the Securities and Exchange Commission. Tautachrome undertakes no duty to update these forward-looking statements.

CONTACT:

Tautachrome, Inc. +1 520 318 5578
Investor relations: investor@tautachrome.com
Press Press@tautachrome.com

SOURCE: Tautachrome, Inc. 

ReleaseID: 576788

Rakesh Sarna India Scholarship Program 2020

Rakesh Sarna and his wife, Mei, open their India Scholarship Program for children of non-managerial employees of hotels and offices of Hyatt and the Taj group in India

MIAMI, FL / ACCESSWIRE / February 18, 2020 / Rakesh Sarna is pleased to officially re-launch the Rakesh & Mei Sarna India Scholarship Program 2020. Children of non-managerial employees of hotels and offices of Hyatt and the Taj group in India are eligible to apply.

The Rakesh & Mei Sarna India Scholarship Program will be accepting applications from February 17, 2020 to May 15, 2020.

In order to be eligible for the scholarship program, applicants must submit an acceptance letter or other proof of current enrolment at a college or university in India, as well as a 500-word essay explaining why they are a deserving candidate and how they would utilize the funds.

Applicants also need to provide proof of their parents' employment with Hyatt or Taj and proof of annual tuition costs and costs related to accommodation, travel, and books.

Scholarships are for one year at a time and successful candidates will be able to apply every year, subject to maintaining adequate grades.

Rakesh Sarna wishes good luck to all applicants.

To learn more, please visit https://rakeshsarnascholarships.com/

About Rakesh Sarna

Rakesh Sarna has extensive industry experience in the hospitality industry and has gained valuable insights from his time spent working with Hyatt Hotels Corporation – a global hospitality company that owns, manages and franchises hotels and resorts. He was appointed Chief Operating Officer – International from 2007 to 2012 and Group President for the Americas from 2012 to 2014. From 2014 to September 2017, Rakesh served as Managing Director and CEO of Indian Hotels Company Limited (IHCL). Rakesh cultivates positive relationships with local communities, colleagues, and shareholders to help meet the objectives of the organization. Rakesh Sarna claims that formal post-secondary education is a vital component to personal and professional development and encourages young individuals to pursue their academic endeavors.

Contact

Rakesh Sarna
apply@rakeshsarnascholarships.com

SOURCE: Rakesh Sarna

ReleaseID: 576814

Surviveware Launches Hiking Superstar: the Surviveware Survival Kit

Leading Outdoor Preparedness Company Introduces New Camping Favorite

Woodbridge, United States – February 18, 2020 /MarketersMedia/

Surviveware, a specialized adventure and survival retailer, is pleased to announce the release of its brand new Survival First Aid Kit.

Customers will clamor for everything that this new kit has to offer. Aside from being portable and rugged, this Survival Kit offers a complete package of first aid, hygiene, and survival items for travel and adventure.

The Surviveware Survival First Aid Kit’s soft-shell case is made of 600D polyester. This material has been proven effective in preserving the freshness of the provisions stored inside. Moreover, since the case is made of malleable material, this survival kit can fit in tight spaces and withstand pressure.

This 12”x 8”x 6” kit also comes with MOLLE-friendly straps and a Velcro panel that adds convenience and accessibility to this pack. With this dual attachment system, users can just snap the kit in place anywhere it’s needed.

One of the kit’s best features is its organized compartments. Each section is labeled, so users don’t need to spend unnecessary time looking for supplies in times of emergency and disaster. This system of labeled compartments keeps the items organized and the user aware of which items should be replenished after use.

The contents of the pack are segregated according to use. First aid provisions are marked with red labels, while hygiene provisions are labeled in blue and green. Survival items, on the other hand, are under black-labeled compartments. Once users have familiarized themselves with this system, it will be even easier for them to respond during emergencies.

Surviveware makes it a point to ensure that outdoorsmen are prepared to the fullest for any eventualities. This is where the survival supplies come in. Aside from the wide variety of first aid supplies that this kit contains, Surviveware added high-quality tools like glow sticks, a wire saw, signaling mirror, poncho, a small tactical flashlight, a paracord bracelet, a premium-grade knife, and multi-tool. This gear allows campers and hikers to thrive in the wild without worry. It also comes with Surviveware Biodegradable Wet Wipes for muddy situations.

The Surviveware Survival Kit can now be purchased on Amazon Prime. Get your 2020 backcountry trips rolling and purchase the Surviveware Survival First Aid Kit today by clicking here.

Contact Info:
Name: Amanda Condry
Email: Send Email
Organization: Surviveware
Phone: 703-910-5188
Website: https://surviveware.com

Source URL: https://marketersmedia.com/surviveware-launches-hiking-superstar-the-surviveware-survival-kit/88946702

Source: MarketersMedia

Release ID: 88946702

Newswire Helps Position Destination Management Event Company as a Trendsetter Within the Industry

The Earned Media Advantage Guided Tour has helped to showcase the company's extraordinary events, which have set a new standard for the entire destination and event management industry.

NEW YORK, NY / ACCESSWIRE / February 18, 2020 / Newswire has developed a strategy to help showcase a pioneer in destination and event management as a leader within the industry. With a penchant for delivering one of a kind, awe-inspiring experiences for corporate destination events, the veteran destination management company (DMC) has set a new standard with its reinvention of destination events in recent years, focusing on planning, creativity, and execution at the highest level.

"When we saw the transformations that they were able to achieve in such a limited amount of time, we were floored," said Charlie Terenzio, Director of Earned Media Strategy at Newswire. "The work they do speaks for itself. Highlighting their creativity and the out-of-the-box approach they've taken towards delivering a truly unique experience for their corporate clients has been valuable in growing their brand awareness to build upon their reputation as a true innovator in the industry."

Developing an integrated media and marketing communications plan together with a team of Newswire's industry experts has played a crucial role in streamlining the company's ability to establish its role as both a disruptor and thought leader within the destination and event management industry. Through meticulous planning, forging connections and conducting outreach, Newswire is able to showcase the company's top to bottom transformations of event spaces into unforgettable experiences.

Newswire's industry expertise helps mitigate the risk for companies with limited media experience or marketing resources. The Earned Media Advantage Guided Tour, Newswire's integrated, on-demand media and marketing communications utility, allows customers to focus on running their business without sacrificing additional time or manpower.

Customers can now transform owned media (press releases) into the Earned Media Advantage: greater brand awareness, increased traffic, greater return on media spend and increased sales. As a result, customers can lower their costs of press releases, increase the value of each release and lower paid-media costs while shortening the journey for the Earned Media Advantage.

The journey is designed to empower the Earned Media Advantage by developing a plan that is based on a media communications survey that defines press release content value and distribution. Customers are also provided a media communications calendar, services to set up, operate and manage media databases, media monitoring alerts, statistical analysis, reporting and media room news collection and sharing to ensure Customer Success.

Download How the Earned Media Advantage is Transforming Business and discover how to empower your go-to-market strategies with the Earned Media Advantage: greater brand awareness, increased traffic, generate a greater return on media and marketing communications spend and increased sales.

About Newswire​

Newswire delivers press release and multimedia distribution software and services (SaaS) that empower the Earned Media Advantage: greater brand awareness, increased traffic, greater return on media and marketing communications spend and the competitive edge. With over a decade of experience, Newswire continues to provide its customers with the ability to deliver the right message to the right audience at the right time through the right medium.​

To learn and experience Newswire, visit http://www.newswire.com.

Contact Information

Charlie Terenzio
Director of Earned Media Strategy
​Newswire
​Office: 813-480-3766
Email: charlie@newswire.com

SOURCE: Newswire

ReleaseID: 576550

Omni Announces New Closing Date for Dreamfields Transaction

VANCOUVER, BC / ACCESSWIRE / February 18, 2020 / Omni Commerce Corp. (TSXV:OMNI)(FRA:0MZA) ("Omni" or the "Company") announces that, further to its news release of February 12, 2020, it has reached an agreement to extend the outside closing date (the "Outside Date") to March 13, 2020 (the "Extension") under the previously announced transaction agreement (the "Transaction Agreement") with a wholly-owned subsidiary of Omni ("Omni Subco") and Dreamfields Brands, Inc. ("Dreamfields").

"The further amendments to the Transaction Agreement demonstrate goodwill on the part of both Omni and Dreamfields to conclude the transaction," stated Peter M. Clausi, Omni's Interim CEO. "The extension to the closing date will allow Dreamfields to deliver its audited financial statements, and Omni's management continues to believe that its ongoing due diligence will ensure that this transaction benefits Omni shareholders. Progress has been constructive, with all parties putting forth strong efforts to close as soon as possible. Special thanks are owed to senior management of Dreamfields for efforts in moving the transaction forward.''

The amendments to the Transaction Agreement were effected by way of a third amending agreement to the Transaction Agreement dated as of February 7, 2020, with Omni Subco and Dreamfields. The Transaction Agreement has been amended to provide that Dreamfields will pay a break fee to Omni in the amount of USD $50,000 if Dreamfields terminates the Transaction Agreement prior to delivering the requisite financial statements to Omni. The break fee will become mutual after Dreamfields has delivered the requisite financial statements to Omni, such that the break fee will be payable by whichever party terminates the Transaction Agreement due to the closing of the transaction not having occurred on or before the Outside Date. All other terms of the Transaction Agreement remain in full force and effect.

About Dreamfields

Dreamfields' group of companies operates as a California-based "House of Brands" in which it operates as a State-licensed vertically-integrated cannabis manufacturing, distribution, branding, sales and events company.

About Omni

Omni is a publicly listed company currently listed on the TSX Venture Exchange, trading under the symbol "OMNI". Omni is headquartered in Vancouver, British Columbia and is a reporting issuer in British Columbia and Alberta.

ON BEHALF OF THE BOARD
OMNI COMMERCE CORP.

Per: "Peter M. Clausi"
Peter M. Clausi, President & CEO

For further information, please contact:

Anthony Balic, CFO
Phone: (604) 312-2425
Email: abalic@katunicapital.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, the extension of the Outside Date, the delivery of the Dreamfields financial statements and the payment of a break fee. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. These statements are based on current expectations and assumptions that are subject to risks, uncertainties and ongoing due diligence review by the Company. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. Any forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward-looking statements.

SOURCE: Omni Commerce Corp.

ReleaseID: 576777