NEW YORK, NY / ACCESSWIRE / February 18, 2020 / Newgioco Group, Inc. ("Newgioco" or the "Company") (NASDAQ:NWGI), a global sports betting and interactive gaming technology company providing fully integrated, omni-channel sports betting software solutions, is pleased to announce the formation of Newgioco Columbia SAS. The office and management team situated in Bogota, Columbia has been established to service the Company's expanding operations in Central and South America.

The opening of Newgioco Columbia coincides with the signing of several new distribution agreements in South America, establishing new partnerships with the goal of positioning the Company for new regulatory guidelines in South America and new gaming laws such as those being developing in Brazil. The recent contracts for the Company's virtual sports product are expected to fit ideally with the Company's recently announced collaboration with HBG Group for distribution of the Company's VG virtual games in Central America. Further, in connection with these and other contracts, the Company is now in the process of hiring regional experts to execute our Latam business plan and drive growth of our virtual sports product while positioning our sportsbook technology as regulations evolve in each country.

Through our fully integrated corporate structure, Newgioco seeks to leverage the talent of the Company's Odissea software development team to produce new, market-leading virtual games and product technology. The intended result is a sound, economically predictable virtual product that could potentially level out the risk profile of the sports bet vertical for our distributed retail and online partners and be suitable for casino sportsbook operators.

"The improved performance metrics of our latest generation virtual sports products have been developed to address an important value proposition for the sports betting business of casinos and private operators," stated Michele (Mike) Ciavarella, Newgioco Chief Executive Officer. "We believe that this essential differentiator could result in the rapid adoption and global growth of our virtual sports products while expanding the deployment of our ELYS sportsbook technology in the U.S. and global sports betting markets."

About Newgioco Group, Inc.

Newgioco Group, Inc., is a global leisure gaming technology company, with fully licensed online and land-based gaming operations and innovative betting technology platforms that provide bet processing for casinos and other gaming operators. The Company conducts its business under the registered brand Newgioco primarily through its internet-based betting distribution network on its website, www.newgioco.it as well as in retail neighborhood betting shops throughout Italy.

Newgioco offers clients a full suite of leisure gaming products and services, such as sports betting, virtual sports, online casino, poker, bingo, interactive games and slots. Newgioco also owns and operates innovative betting platform software providing both B2B and B2C bet processing for casinos, sports betting and other online and land-based gaming operators. Additional information is available on our corporate website at www.newgiocogroup.com.

Investors may also find us on Facebook® and follow us on Twitter @NWGI_gaming.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and includes statements regarding our hiring regional experts to execute our Latam business plan and drive growth of our virtual sports product while positioning our sportsbook technology as regulations evolve in each country, recent contracts for the Company's virtual sports product fitting ideally with the Company's recently announced collaboration with HBG Group, leveraging the talent of the Company's Odissea software development team to produce new, market leading virtual games and product technology, developing our virtual product resulting in a sound, economically predictable virtual product that could potentially level out the risk profile of the sports bet vertical for our distributed retail and online partners and be suitable for casino sportsbook operators, improved performance metrics of the Company's latest generation virtual sports products addressing an important value proposition for the sports betting business of casinos and private operators, and this differentiator resulting in the rapid adoption and global growth of the Company's virtual sports products while expanding the deployment of its ELYS sportsbook technology in the U.S. and global sports betting markets. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include our ability to hire regional experts to execute our Latam business plan and drive growth of our virtual sports product while positioning our sportsbook technology as regulations evolve in each country, our ability to coordinate our recent contracts for our virtual sports product with our collaboration with HBG Group, our ability to design and produce new, market leading virtual games and product technology, our ability to develop a sound, economically predictable virtual product that can potentially level out the risk profile of the sports bet vertical for our distributed retail and online partners and be suitable for casino sportsbook operators, our ability to address an important value proposition for the sports betting business of casinos and private operators with the improved performance metrics of our latest generation virtual sports products, our ability to use the improved performance metrics to generate the rapid adoption and global growth of our virtual sports products while expanding the deployment of our ELYS sportsbook technology in the U.S. and global sports betting markets, and the risk factors described in Newgioco's Annual Report on Form 10-K for the year ended December 31, 2018 and our subsequent filings with the U.S. Securities and Exchange Commission, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law.

For further information, please contact:

Newgioco Group, Inc.
Michele Ciavarella, Chief Executive Officer
investor@newgiocogroup.com

SOURCE: Newgioco Group, Inc. 

ReleaseID: 576724

Company Continues Drive to Positive Cash Flow in 1st Half of Year

DENVER, CO / ACCESSWIRE / February 18, 2020 / Leafbuyer Technologies, Inc. (OTCQB:LBUY) ("Leafbuyer" or "the Company"), a leading cannabis technology platform, announced its quarterly sales increased 92% in the quarter ending December 31, 2019. The growth reflects the revenue booked in the quarter versus the same quarter of the prior year.

"After a strong sales push, I'm pleased to announce Leafbuyer realized record revenue growth last quarter," said Kurt Rossner, CEO of Leafbuyer. "This is a huge step for the organization and raises our goals even higher as we continue to provide our clients with the utmost service and resources."

Leafbuyer's 92% growth is nearly four times higher than the industry average of 24%, a statistic published through a report by Arcview and BDS Analytics released June 20, 2019.

"As Leafbuyer aims toward profitability within the first half of 2020, these record quarters continue to be a high priority. Our sales and account support teams strive for excellence, making our products increasingly more valuable," said Rossner.

The Company realizes revenue from the sales of its sophisticated marketing platforms, which drive cannabis consumers to dispensaries and product companies across the country.

About Leafbuyer Technologies, Inc.

Leafbuyer.com is one of the most comprehensive online sources for cannabis deals and information. Leafbuyer works alongside businesses to showcase their unique products and build a network of loyal patrons. Leafbuyer's national network of cannabis deals and information reaches millions of consumers every month. Leafbuyer is the official cannabis deals platform of Dope Media, Sensi Magazine, and Voice Media Group.

Learn more at Leafbuyer.com.

Contacts

Leafbuyer Technologies, Inc.
Andre Leonard, +720-432-5593
aleonard@leafbuyer.com

Cautionary Statement Regarding Forward-Looking Information

Safe Harbor Statement

This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in the forward-looking statements due to several factors detailed from time to time in our filings with the Securities and Exchange Commission. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC filings.

SOURCE: Leafbuyer Technologies, Inc.

ReleaseID: 576779

TORONTO, ON / ACCESSWIRE / February 18, 2020 / Fearless Films, Inc. ("Company") (OTCQB:FERL) is pleased to announce that it has completed the S-1 registration process for its $5 million equity financing facility with Crown Bridge Partners, LLC. The final Prospectus was filed February 12, 2020 following receipt from the SEC that the S-1 was effective as of 4pm February 11, 2020. This completes the registration process requirement of the facility announced December 19, 2019 and makes available up to $5 million of equity financing to the Company.

Funds from the facility will be used to develop the company's balance sheet by providing capital to complete the acquisition of a film library, enable the Company to participate as a partner with other film producers, and complete its own film projects. The facility may also be used to repay debt and to provide capital for general corporate purposes.

"The growth of streaming media has created rising demand for quality entertainment properties" stated Victor Altomare, CEO of the wholly-owned operating division, founder and creative lead for Fearless Films Inc. "We have a number of projects that are promising and designed to meet the needs of film distribution platforms; this funding will enhance our ability to realize on them. We appreciate Crown Bridge Partners, LLC's belief in our vision for the company" he added.

Seth Ahdoot, member of Crown Bridge Partners, LLC, stated "Fearless Films, Inc. is unique and attractive to us on several levels, including but not limited to our criteria for quality of management and growth potential. Crown Bridge Partners is looking forward to playing a supportive role in the company's future growth."

About Fearless Films, Inc.

Fearless Films, Inc. is an independent full-service production Company founded by award-winning actor/ producer Victor Altomare along with award-winning writer and director Goran Kalezic. The service scope specializes in short film and feature film production in addition to script writing, copywriting, fulfillment and distribution.

The Company trades on the OTCQB tier of the OTC market. Investors can find stock price quotes and market Information for the Company on: http://www.otcmarkets.com/

Visit us at: www.fearlessent.com

About Crown Bridge Partners,LLC

Crown Bridge Partners, LLC ("Crown Bridge Partners") is a New York-based family held company. Crown Bridge Partners provides sensible, responsive, and strategic capital solutions to publicly traded companies in the micro to mid-cap brackets. The portfolio of Crown Bridge Partners is industry agnostic, including but not limited to mining, oil and gas, agriculture, pharmaceutical, energy, and technology.

Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of film development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to audience acceptance of our entertainment products, our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of our business development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

Contact

Investor Relations
888 928-0184
info.fearlessent@gmail.com

SOURCE: Fearless Films, Inc.

ReleaseID: 576753

VAN NUYS, CA / ACCESSWIRE / February 18, 2020 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today it secured a repeat order for five C200 Signature Series microturbines for a federal railway infrastructure project from The Railways of Yakutia. DV Energy, Capstone's distributor in the Far Eastern Federal District in Russia, secured the 1.0 megawatt (MW) order, which is expected to be commissioned in November 2020.

"We continue to see growth in Europe and Russia as our business in those regions expanded 20% year-over-year," stated Darren Jamison, Capstone Turbine President, and Chief Executive Officer. "DV Energy is doing a great job representing Capstone in the Far Eastern Federal District and becomes a top 25 global distributor of ours with this most recent win," added Mr. Jamison.

The natural gas-fueled C200S microturbines will act as the primary power source for the Aldan Railway Station and provide heating for the main building, reducing its operational costs and eliminating the uncertainty of grid fluctuations. The microturbine will operate in grid connect mode, which enables the customer to operate with the utility in a load sharing capacity.

In addition to generating on-site power and heating, the microturbines will help railway operators meet key strategic sustainability targets for increased energy efficiency. Capstone Turbine's innovative technology was selected for its scalability, resiliency, and ability to reduce energy costs while producing ultra-low emissions reliably.

The Russian railway system is the third-longest rail network in the world, with more than 85,000 kilometers (52,800 miles). The rail system is the primary mode of transportation in Russia, accounting for about 88% of the country's transportation system. According to the International Energy Agency (IEA) and the International Union of Railways, the Russian Railways is one of the most energy-efficient railway companies in the world.

"Russia, with its harsh environments, has historically been a very good market for us and currently has over 1,400 units in operation in the region," stated Jen Derstine, Capstone's Vice President of Marketing and Distribution. "We are seeing steady sales growth in Russia as we continue to diversify and expand our focus on combined heat and power (CHP) projects from predominantly oil and gas applications. Russia holds a tremendous opportunity for distributed generation technologies," concluded Ms. Derstine.

About Capstone Turbine Corporation

Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) is the world's leading producer of highly efficient, low-emission, resilient microturbine energy systems. Capstone microturbines serve multiple vertical markets worldwide, including natural resources, energy efficiency, renewable energy, critical power supply, transportation, and microgrids. Capstone offers a comprehensive product lineup, providing scalable systems focusing on 30 kWs to 10 MWs that operate on a variety of gaseous or liquid fuels and are the ideal solution for today's distributed power generation needs. To date, Capstone has shipped over 9,000 units to 73 countries, and in FY19 saved customers an estimated $253 million in annual energy costs and 350,000 tons of carbon.

For more information about the company, please visit www.capstoneturbine.com. Follow Capstone Turbine on Twitter, LinkedIn, Instagram, and YouTube.

Forward-Looking Statements

This press release contains "forward-looking statements," as that term is used in the federal securities laws. Forward-looking statements may be identified by words such as "expects," "believes," "objective," "intend," "targeted," "plan," and similar phrases. These forward-looking statements are subject to numerous assumptions, risks, and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation and specifically disclaims any obligation to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

"Capstone" and "Capstone Microturbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.

CONTACT:
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628
ir@capstoneturbine.com

Integra Investor Relations
Shawn M. Severson
415-226-7747
cpst@integra-ir.com

SOURCE: Capstone Turbine Corporation

ReleaseID: 576719

MIDLAND, VA / ACCESSWIRE / February 18, 2020 / Easi-Set Worldwide, a subsidiary of Smith-Midland Corporation (OTCQX:SMID), will be exhibiting at The Precast Show March 5-7, 2020 in Fort Worth, TX. The Precast Show is sponsored by the National Precast Concrete Association and the Precast/Prestressed Concrete Institute with additional collaboration from the Canadian Precast/Prestressed Concrete Institute and the Cast Stone Institute. It is the largest precast-specific trade show in North America attracting thousands associated with the industry (manufacturers, suppliers and end-users) from around the world.

Easi-Set will be joined at the show by many of their 70+ family of Easi-Set licensed producers, most of whom are NPCA and PCI members.

"The Precast Show provides our prospective partners the opportunity to not only to learn about our program directly from us, but to rub shoulders with our current producers and learn first-hand about the benefits of taking on Easi-Set licensed products," said Art Miles, Easi-Set's President. "We always look forward to both sharing and learning at this Show.

At their exhibit booth (#1015), Easi-Set will present information on their full line of precast products, including; North America's most successful highway safety barrier J-J Hooks, and the award-winning SlenderWall architectural modular cladding system. Details will also be available on 100% precast concrete Easi-Set Buildings and the sound absorptive noise wall technology SoftSound, among others.

With Easi-Set Worldwide you gain a partner with over 40 years of industry-leading licensing experience in your corner.

About Easi-Set Worldwide

Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, a public company, licenses the production and sale of proprietary lines of Easi-Set precast products and provides diversification opportunities to the precast industry worldwide. For more information about precast product licensing opportunities, contact Easi-Set by calling 800-547-4045 or visiting www.EasiSet.com.

Inquiries: info@easiset.com

SOURCE: Smith-Midland Corporation

ReleaseID: 576714

– Strategic Initiatives to Drive Diversification and Long-Term Shareholder Value –

– Balance Sheet Remains Strong, with Essentially No Debt –

SAN CLEMENTE, CA / ACCESSWIRE / February 18, 2020 / Concierge Technologies, Inc. (OTCQB:CNCG), a diversified global holding firm, today announced financial results for the second fiscal quarter ended December 31, 2019.

"Results for the quarter were in line with expectations, as we continued to invest in growth initiatives for each of our core business segments," said Nicholas Gerber, chairman and chief executive officer.

"In financial services, progress was made during the quarter developing a new fintech product that we expect to launch this spring under the name, ‘Marygold'. Our hair and skin care company completed the development of a new, branded line of vegan haircare products, ‘Worry Free,' and subsequent to the end of the second quarter launched the line at a large national retailer, representing entry into a new channel for us. We also built a solid backlog for our Brigadier Security business, and in alignment with our strategic growth initiatives, we continued to explore acquisition targets.

"Concierge Technologies has had excellent growth since its formation as a holding company, just five years ago," added Gerber. "We are staying true to our mission of not being reliant on any one business or sector by building a profitable, diverse organization through organic growth, acquisitions and new ventures, and creating tangible long-term value for all of our stakeholders."

For the three months ended December 31, 2019, revenues were $5.8 million, compared with $6.7 million for the prior year. Net loss for the most recent three-month period amounted to $74,914, equal to break-even per share, versus income of $88,518, also equal to break-even per share, for the comparable prior year period.

Results for the fiscal 2020 second quarter, as anticipated, were impacted primarily by lower assets under management (AUM) at the company's USCF Investments fund management subsidiary as compared to the prior year. USCF Investments manages nine commodity-oriented and two equity exchange-traded funds (ETFs) that are listed on the New York Stock Exchange, currently with approximately $2.2 billion in assets under management.

The company's Other business segment, which comprised approximately 51 percent of total revenues in the most recent second quarter vs 41 percent of total revenues in last year's second quarter, achieved a 7% improvement in revenues for the fiscal 2020 period. The Other segment is comprised of Gourmet Foods, Brigadier Security Systems and Original Sprout.

Concierge's balance sheet further strengthened at the end of the second fiscal quarter. Cash and cash equivalents remained steady at approximately $6.5 million, after the cash investment in our the new fintech venture and payment of annual employee incentive rewards at the subsidiary level. Total stockholders' equity increased to $17.5 million at December 31, 2019 from $17.2 million at June 30, 2019. The company has essentially no debt.

"Operating results for USCF held fairly steady throughout the second quarter," said Stuart Crumbaugh, chief financial officer of Concierge Technologies. "We believe the downward trend cycle in assets under management is coming to an end, with the eventual up-swing anticipated as the historical nature of commodities in general would suggest. Regardless, our business model operates well in fluctuating markets, since many of our expenses are variable in nature and move in concert with revenues to sustain profitability at lower levels of AUM."

"Our ‘Other' operating units had a productive quarter despite some one-time expenses," said David Neibert, Concierge Technologies' Chief Operations Officer. "Original Sprout successfully made the transition to nationwide retail distribution for their new ‘Worry Free' line of hair care products, and Gourmet Foods had a near-record holiday season of sales. Brigadier Security Systems was seasonally hampered by frigid cold in Saskatoon, which, in turn, helped build a solid backlog for the next quarter. Our Other operating units were all cash flow positive, and we only posted a small net loss on a consolidated basis, due, in part, to non-cash expenses, including $150,000 in depreciation expense for the quarter," Neibert said.

Business Units

Gourmet Foods, https://gourmetfoodsltd.co.nz/, acquired in August 2015, is a commercial-scale bakery that produces and distributes iconic meat pies and pastries throughout New Zealand under the brand names Pat's Pantry and Ponsonby Pies.

Brigadier Security Systems, www.brigadiersecurity.com, acquired in June 2016 and headquartered in Saskatoon, Canada, provides comprehensive security solutions to homes and businesses, government offices, schools and other public buildings throughout the province.

The company's USCF Investments operation, www.uscfinvestments.com, acquired as part of the Wainwright Holdings transaction in December 2016 and based in Walnut Creek, Calif., serves as manager, operator or investment adviser to 13 exchange traded products, structured as limited partnerships or investment trusts that issue shares trading on the NYSE Arca.

Acquired by Concierge at the end of 2017, California-based Original Sprout, www.originalsprout.com, produces and distributes a full line of vegan, safe, non-toxic hair and skin care products, including a "reef safe" sun screen, in the U.S. and its territories, the U.K., E.U., Turkey, Middle East, Africa, Taiwan, Singapore, Hong Kong, Malaysia, New Zealand, Australia and Canada. A second line of products, "Worry Free" was created to target mainstream U.S. nationwide consumers and began distribution in January 2020.

About Concierge Technologies, Inc.

Concierge Technologies, originally founded in 1996, was repositioned as a global holding firm in 2015, and currently has operating subsidiaries in financial services, food manufacturing, security systems and beauty products. Offices and manufacturing operations are in the U.S., New Zealand and Canada. For more information, visit www.conciergetechnology.net.

Forward-Looking Statements

This press release may contain "forward-looking statements" that include information relating to Concierge Technologies' future events and future financial and operating performance. Such forward-looking statements, including, but not limited to, adding new distribution channels and an expectation for the USCF operating subsidiary to benefit when the cyclical trend for commodities shifts upward, should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.

For a more detailed description of the risk factors and uncertainties affecting Concierge Technologies or its subsidiary companies, and more detailed information about the individual operating entities, please refer to the Company's Securities and Exchange Commission filings, which are available on the Company's website, (http://www.conciergetechnology.net), or at www.sec.gov.

Financial Tables Follow:

CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

 
December 31,
2019
 
 
June 30,
2019
 

 
 
 
 
(AUDITED)
 

 
ASSETS
 

CURRENT ASSETS

Cash and cash equivalents

 
$
6,532,285
 
 
$
6,481,815
 

Accounts receivable, net

 
 
811,699
 
 
 
939,649
 

Accounts receivable – related parties

 
 
1,002,708
 
 
 
1,037,146
 

Inventories

 
 
1,219,403
 
 
 
1,008,662
 

Prepaid income tax and tax receivable

 
 
1,346,703
 
 
 
1,754,369
 

Investments

 
 
3,792,918
 
 
 
3,756,596
 

Other current assets

 
 
272,814
 
 
 
546,105
 

Total current assets

 
 
14,978,530
 
 
 
15,524,342
 

Restricted cash

 
 
13,468
 
 
 
13,436
 

Property and equipment, net

 
 
1,298,455
 
 
 
757,014
 

Operating lease right-of-use asset

 
 
928,964
 
 
 
–
 

Goodwill

 
 
915,790
 
 
 
915,790
 

Intangible assets, net

 
 
2,490,590
 
 
 
2,659,723
 

Deferred tax assets, net

 
 
859,696
 
 
 
859,696
 

Other assets, long – term

 
 
523,607
 
 
 
523,607
 

Total assets

 
$
22,009,100
 
 
$
21,253,608
 

 
LIABILITIES AND STOCKHOLDERS' EQUITY
 

CURRENT LIABILITIES

Accounts payable and accrued expenses

 
$
2,118,950
 
 
$
2,867,081
 

Expense waivers – related parties

 
 
288,119
 
 
 
325,821
 

Current portion operating lease liabilities

 
 
366,617
 
 
 
–
 

Notes payable – related parties

 
 
3,500
 
 
 
3,500
 

Loans – property and equipment, current portion

 
 
13,556
 
 
 
26,241
 

Total current liabilities

 
 
2,790,742
 
 
 
3,222,643
 

LONG TERM LIABILITIES

Notes payable – related parties

 
 
600,000
 
 
 
600,000
 

Loans – property and equipment, net of current portion

 
 
384,412
 
 
 
61,057
 

Long-term operating lease liabilities

 
 
600,231
 
 
 
–
 

Deferred tax liabilities

 
 
176,578
 
 
 
176,578
 

Total long-term liabilities

 
 
1,761,221
 
 
 
837,635
 

Total liabilities

 
 
4,551,963
 
 
 
4,060,278
 

STOCKHOLDERS' EQUITY

Preferred stock, $0.001 par value; 50,000,000 authorized

Series B: 53,032 issued and outstanding at December 31, 2019 and at June 30, 2019

 
 
53
 
 
 
53
 

Common stock, $0.001 par value; 900,000,000 shares authorized; 37,412,519 shares issued and outstanding at December 31, 2019 and 37,237,519 at June 30, 2019

 
 
37,412
 
 
 
37,237
 

Additional paid-in capital

 
 
9,292,955
 
 
 
9,178,838
 

Accumulated other comprehensive (loss)

 
 
(6,122
)
 
 
(175,659
)

Retained earnings

 
 
8,132,839
 
 
 
8,152,861
 

Total stockholders' equity

 
 
17,457,137
 
 
 
17,193,330
 

Total liabilities and stockholders' equity

 
$
22,009,100
 
 
$
21,253,608
 

CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

 
For the Three-Month Periods Ended
 
 
For the Six-Month Periods Ended
 

 
December 31,
 
 
December 31,
 

 
2019
 
 
2018
 
 
2019
 
 
2018
 

Net revenue

Fund management – related party

 
$
2,839,718
 
 
$
3,939,004
 
 
$
5,880,287
 
 
$
8,161,988
 

Food products

 
 
1,320,357
 
 
 
1,145,410
 
 
 
2,570,334
 
 
 
2,339,704
 

Security systems

 
 
733,533
 
 
 
714,069
 
 
 
1,506,753
 
 
 
1,561,100
 

Beauty products and other

 
 
902,928
 
 
 
897,457
 
 
 
1,866,601
 
 
 
1,799,786
 

Net revenue

 
 
5,796,536
 
 
 
6,695,940
 
 
 
11,823,975
 
 
 
13,862,578
 

Cost of revenue

 
 
1,724,507
 
 
 
1,751,280
 
 
 
3,493,827
 
 
 
3,584,431
 

Gross profit

 
 
4,072,029
 
 
 
4,944,660
 
 
 
8,330,148
 
 
 
10,278,147
 

Operating expense

General and administrative expense

 
 
986,392
 
 
 
1,076,585
 
 
 
2,106,392
 
 
 
2,148,468
 

Fund operations

 
 
727,450
 
 
 
1,144,734
 
 
 
1,537,287
 
 
 
2,410,388
 

Marketing and advertising

 
 
634,871
 
 
 
762,742
 
 
 
1,210,003
 
 
 
1,634,484
 

Depreciation and amortization

 
 
150,485
 
 
 
174,657
 
 
 
300,148
 
 
 
349,096
 

Salaries and compensation

 
 
1,673,443
 
 
 
1,721,688
 
 
 
3,216,485
 
 
 
3,104,842
 

Total operating expenses

 
 
4,172,641
 
 
 
4,880,406
 
 
 
8,370,315
 
 
 
9,647,278
 

(Loss) Income from operations

 
 
(100,612
)
 
 
64,254
 
 
 
(40,167
)
 
 
630,869
 

Other (expense) income:

Other (expense) income

 
 
(31,347
)
 
 
(320,048
)
 
 
(22,458
)
 
 
(493,083
)

Interest and dividend income

 
 
26,403
 
 
 
351,582
 
 
 
52,239
 
 
 
355,364
 

Interest expense

 
 
(10,246
)
 
 
(7,269
)
 
 
(21,248
)
 
 
(15,377
)

Total other (expense) income, net

 
 
(15,190
)
 
 
24,265
 
 
 
8,533
 
 
 
(153,096
)

(Loss) Income before income taxes

 
 
(115,802
)
 
 
88,519
 
 
 
(31,634
)
 
 
477,773
 

Benefit (Provision) of income taxes

 
 
40,888
 
 
 
(25,358
)
 
 
11,612
 
 
 
(129,106
)

Net (loss) income

 
$
(74,914
)
 
$
63,161
 
 
$
(20,022
)
 
$
348,667
 

Weighted average shares of common stock

Basic

 
 
37,412,519
 
 
 
29,559,139
 
 
 
37,368,769
 
 
 
29,559,139
 

Diluted

 
 
37,412,519
 
 
 
38,298,159
 
 
 
37,368,769
 
 
 
38,298,159
 

Net income per common share

Basic

 
 
(0.00
)
 
$
0.00
 
 
$
(0.00
)
 
$
0.01
 

Diluted

 
$
(0.00
)
 
$
0.00
 
 
$
(0.00
)
 
$
0.01
 

CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(UNAUDITED)

 
Three Months Ended December 31,
 
 
Six Months Ended December 31,
 

 
2019
 
 
2018
 
 
2019
 
 
2018
 

Net (loss) income

 
$
(74,914
)
 
$
63,161
 
 
$
(20,022
)
 
$
348,667
 

Other comprehensive income (loss):

Foreign currency translation gain (loss)

 
 
135,588
 
 
 
(47,125
)
 
 
169,537
 
 
 
(58,708
)

Comprehensive income

 
$
60,674
 
 
$
16,036
 
 
$
149,515
 
 
$
289,959
 

CONCIERGE TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)

 
For the Six-Month Periods Ended
 

 
December 31,
 

 
2019
 
 
2018
 

CASH FLOWS FROM OPERATING ACTIVITIES:

Net (loss) income

 
$
(20,022
)
 
$
348,667
 

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation and amortization

 
 
300,148
 
 
 
349,096
 

Stock based vendor compensation

 
 
114,292
 
 
 
–
 

Bad debt expense

 
 
91
 
 
 
–
 

Unrealized loss on investments

 
 
688
 
 
 
314,313
 

Loss on disposal of equipment

 
 
–
 
 
 
1,434
 

Operating lease right-of-use asset – Non-cash lease cost

 
 
184,876
 
 
 
–
 

Decrease (increase) in current assets:

Accounts receivable, net

 
 
130,917
 
 
 
142,174
 

Accounts receivable – related party

 
 
34,437
 
 
 
226,377
 

Prepaid income taxes and tax receivable

 
 
427,260
 
 
 
(64,010
)

Inventories

 
 
(207,324
)
 
 
(306,271
)

Other current assets

 
 
94,986
 
 
 
178,635
 

Increase (decrease) in current liabilities:

Accounts payable and accrued expenses

 
 
(781,736
)
 
 
(309,587
)

Operating lease liabilities

 
 
(184,068
)
 
 
–
 

Expense waivers – related party

 
 
(37,702
)
 
 
(273,655
)

Net cash provided by operating activities

 
 
56,843
 
 
 
607,173
 

CASH FLOWS FROM INVESTING ACTIVITIES:

Cash paid for acquisition of business assets

 
 
–
 
 
 
(45,000
)

Purchase of real estate and equipment – net of disposal

 
 
(495,579
)
 
 
(8,984
)

Sale of investments

 
 
–
 
 
 
180,000
 

Purchase of investments

 
 
(29,060
)
 
 
(346,759
)

Net cash (used in) investing activities

 
 
(524,639
)
 
 
(220,743
)

CASH FLOWS FROM FINANCING ACTIVITIES:

Loans – real estate, property and equipment

 
 
404,518
 
 
 
–
 

Repayment of equipment loan

 
 
(94,613
)
 
 
(96,525
)

Net cash provided by (used in) financing activities

 
 
309,905
 
 
 
(96,525
)

Effect of exchange rate change on cash and cash equivalents

 
 
208,393
 
 
 
(30,515
)

NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

 
 
50,502
 
 
 
259,390
 

CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING BALANCE

 
 
6,495,251
 
 
 
7,524,114
 

CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE

 
$
6,545,753
 
 
$
7,783,504
 

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:

Cash paid during the period for:

Interest paid

 
$
8,990
 
 
$
–
 

Income taxes-U.S.

 
$
159,363
 
 
$
43,000
 

Non-Cash financing and investing activities:

Acquisition of operating right-of-use assets through operating lease obligations

 
$
1,150,916
 
 
$
–
 

Reclassification of deposit from other current assets to property and equipment

 
$
178,276
 
 
$
–
 

The accompanying notes are an integral part of these consolidated financial statements.

Investors and media, for more information, contact:                                                                                       

Roger S. Pondel
PondelWilkinson Inc.
310-279-5980
rpondel@pondel.com                                                                                     

SOURCE: Concierge Technologies, Inc.

ReleaseID: 576585

Not for distribution to United States Newswire Services or for dissemination in the United States

TORONTO, ON / ACCESSWIRE / February 18, 2020 / Grid Metals Corp. (the "Company") (TSXV:GRDM) is pleased to report that it has closed the previously announced non-brokered private placement of units (the "Units") of the Company for gross proceeds of C$1,399,996 (the "Offering"). The Company issued a total of 10,769,200 units of the Company at a price of C$0.13. Red Cloud Klondike Strike Inc. acted as a finder in connection with the Offering.

Each Unit consisted of one common share ("Common Share") of the Company and one half of one common share purchase warrant ("Warrant"). Each whole Warrant entitles the holder to purchase one common share in the capital of the Company at a price of C$0.20 per common share for a period of 36 months from closing.

In connection with the Offering, the Company paid aggregate finders' fees of $92,442 in cash and 471,096 common share purchase warrants issued on the same terms as the Warrants, as permitted by the policies of the TSX Venture Exchange.

Proceeds of the Offering will be used for exploration and for general working capital purposes.

Closing of of the Offering subject to receipt of regulatory approvals, including the acceptance of the TSX Venture Exchange. All securities issued pursuant to the Offering are subject to a statutory hold period of four months and one day in accordance with applicable securities laws expiring on June 15, 2020.

" We welcome our new shareholders to Grid. This capital raise will enable us to complete an extensive geophysical program and drilling at our East Bull Lake Palladium Property near Sudbury" said Robin Dunbar, President of Grid. " Our objective is a significant new palladium discovery".

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

About Grid Metals Corp.

Grid Metals Corp. is an exploration and development Company that has a diversified portfolio of projects in the nickel-copper-platinum group metal sectors. These commodities are vital to the emerging battery metals, energy storage and automotive sectors. All of Grid's projects are located in secure North American mining jurisdictions. The Company is focused on timely advancement of its property portfolio through prudent exploration and development activities.

To find out more about Grid Metals Corp., please visit www.gridmetalscorp.com.

On Behalf of the Board of Grid Metals Corp.

Robin Dunbar – President, CEO & Director
Telephone: 416-955-4773

Email: rd@gridmetalscorp.com

David Black – Investor Relations
Email: info@gridmetalscorp.com

We seek safe harbour.

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its properties, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, metallurgical risk, currency fluctuations, fluctuations in the price of nickel, cobalt, copper and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.

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

SOURCE: Grid Metals Corp.

ReleaseID: 576743

Omaha, Nebraska voted, and Websnoogie won "The Best of Omaha B2B" in the category of web hosting. Websnoogie beat every other web hosting company, including a national brand, and had the most votes

OMAHA, NE / ACCESSWIRE / February 18, 2020 / Websnoogie began operations in 2012 and uses its expertise to merge the gap between very high-end web products and lower-cost web services by providing high quality, but affordably priced web design, web hosting, and SEO.

"Websnoogie has a robust infrastructure so while affordable, customer satisfaction is excellent," according to the CEO, Rod Atwood. "It's the quality of our products, customer service, and the price point that has made Websnoogie such a great company. Our team consists of select designers and technicians that strive to create, host, and market for customers," says Rod.

"The price point attracts customers, but it is our down to earth attitude, knowledge base, and speed of response that keeps them with us, We really go all out for the customer, and what separates Websnoogie from other web hosting companies are things that you have to pay for with other companies, we include with our web hosting packages," adds Rod.

Websnoogie's web hosting also is unique by offering free web design assistance to clients. "If it is a small problem with HTML or CSS, we will go in and fix it on the spot. Customers love these extras." Rod Atwood added. The company currently hosts many client locations in the Omaha area.

"Recent upgrades to the architecture allow us to easily scale our customer's business. We now can provide web hosting for anything from a single page, to large enterprise accounts."

"Since switching to the platform, our SEO performance has increased," says Ben Jones, who is an owner of a computer company in Omaha, Nebraska, and a Websnoogie customer.

Websnoogie proactively meshes web services with a focus on customer satisfaction and retention. The company had previously won "The Best of Omaha" for consumers and was pleased to have won "The Best of Omaha B2B".

One of their past marketing slogans was "Do you want to Websnoogie?" and the answer is many customers do appreciate and recommend their services every day. As Websnoogie continues to grow, it is proving to be a formidable contender in the hosting technology sector nationwide.

About Websnoogie

Websnoogie is a web design, web hosting, and SEO company. Websnoogie has customers who are in the nationwide and worldwide markets, as well as located in different regions of the US.

Websnoogie strives to ensure that all customers are happy with the quality of the products they offer, and the speed of service their products are delivered.

Media Contact Information:

Company: Websnoogie, LLC
Address: 14301 FNB Pkwy #104 Omaha, Nebraska 68154 United States
Contact Number: 402-813-4034
Email: staff@websnoogie.com
Website: https://www.websnoogie.com/

SOURCE: Websnoogie, LLC

ReleaseID: 576324

NEW YORK, NY / ACCESSWIRE / February 18, 2020 / Golden Ocean Group Ltd. (NASDAQ:GOGL) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 18, 2020 at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/59501

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company's profile.

About Investor Network

Investor Network (IN) is a financial content community, serving millions of unique investors market information, earnings, commentary and news on the what's trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.

SOURCE: Investor Network

ReleaseID: 576715

NEW YORK, NY / ACCESSWIRE / February 18, 2020 / Service Corp. International (NYSE:SCI) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 18, 2020 at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/58855

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company's profile.

About Investor Network

Investor Network (IN) is a financial content community, serving millions of unique investors market information, earnings, commentary and news on the what's trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.

SOURCE: Investor Network

ReleaseID: 576694