VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Skeena Resources Limited (TSX.V:SKE)(OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce the final gold-silver assays from the 2019 Phase I surface drilling program at the Eskay Creek Project ("Eskay Creek") located in the Golden Triangle of British Columbia. Four ground-based surface drill rigs were utilized for the 2019 Phase I program in the 21A, 21E and HW Zones to infill and upgrade areas of Inferred resources to the Indicated classification. A total of 14,266 metres over 209 holes were drilled. Drill hole results reported in this release are from the 21E and HW Zones. Reference images are presented at the end of this release as well as on the Company's website.

Phase I Eskay Creek Drilling Highlights:

13.24 g/t Au, 701 g/t Ag (22.59 g/t AuEq) over 14.33 m (SK-19-246) – HW Zone

Including: 5.18 g/t Au, 5,860 g/t Ag (83.31 g/t AuEq) over 0.90 m
And: 1.75 g/t Au, 1,235 g/t Ag (18.22 g/t AuEq) over 1.05 m
And: 1.23 g/t Au, 1,895 g/t Ag (26.50 g/t AuEq) over 0.85 m
And: 176.00 g/t Au, 1,530 g/t Ag (196.40 g/t AuEq) over 0.90 m

2.58 g/t Au, 51 g/t Ag (3.26 g/t AuEq) over 25.00 m (SK-19-222A) – 21E Zone
3.36 g/t Au, 40 g/t Ag (3.89 g/t AuEq) over 14.00 m (SK-19-217) – 21E Zone
1.94 g/t Au, 166 g/t Ag (4.16 g/t AuEq) over 13.50 m (SK-19-237) – 21E Zone

Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. Reported core lengths represent 80-100% of true widths and are supported by well-defined mineralization geometries derived from historical drilling. Grade capping of individual assays has not been applied to the Au and Ag assays informing the length weighted AuEq composites. Processing recoveries have not been applied to the AuEq calculation and are disclosed at 100%. Samples below detection limit are nulled to a value of zero.

2019 Drilling Demonstrates Continuity and Exceptional Silver Grades

The 2019 Phase I infill program at Eskay Creek continues to demonstrate the excellent continuity of the current resource model which is derived largely from historical drilling. Phase I infill drilling within the 21E Zone, which is located on the eastern flank of the Eskay deposits, has correlated extremely well with the historical drilling with respect to grades, widths and spatial distribution of mineralization.

Initial drilling within the HW (Hanging-Wall) Zone has not only corroborated the current resource model but has located additional mineralization of equivalent tenor as confirmed by drill hole SK-19-245 which intersected 1.63 g/t Au, 62 g/t Ag (2.45 g/t AuEq) over 16.21 metres.

Situated 20 metres east of this expanded mineralization, drill hole SK-19-246 intersected extremely high-grade silver mineralization of 13.24 g/t Au, 701 g/t Ag (22.59 g/t AuEq) over 14.33 metres including 5.18 g/t Au, 5,860 g/t Ag (83.31 g/t AuEq) over 0.90 metres. This intercept was predicted by the resource model. Drill intercepts in the HW Zone are located less than 20 metres below surface.

Current Status – Eskay Creek Drilling

Four ground-based drill rigs are now operational at the Eskay Creek Project continuing the
Phase I infill program. Exploratory drilling is scheduled to commence in the coming weeks.

About Skeena

Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective precious metal properties in the Golden Triangle of northwest British Columbia, Canada. The Company's primary activities are the exploration and development of the past-producing Eskay Creek mine, which contains a combined Indicated and Inferred 4Moz, 4.4 g/t gold-equivalent open-pit resource. The Company recently completed a Preliminary Economic Assessment (PEA) on Eskay Creek which highlights an after-tax NPV5% of C$638M, 51% IRR and a 1.2-year payback. Skeena is also exploring the past-producing Snip gold mine.

On behalf of the Board of Directors of Skeena Resources Limited,

Walter Coles Jr.
President & CEO

Qualified Persons

Exploration activities at the Eskay Creek Project are administered on site by the Company's Exploration Managers, Colin Russell, P.Geo. and Adrian Newton, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice President Exploration and Resource Development, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on its exploration projects.

Quality Assurance – Quality Control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently securely stored on site. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company's Qualified Person, Paul Geddes, P.Geo, Vice President Exploration and Resource Development.

Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 1kg is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100ppm are re-analyzed using a 50g fire assay fusion with gravimetric finish. Analysis for silver is by 50g fire assay fusion with gravimetric finish with a lower limit of 5ppm and upper limit of 10,000ppm. Samples with silver assays greater than 10,000ppm are re-analyzed using a gravimetric silver concentrate method. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS) and also for mercury using an aqua regia digest with Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) finish. Samples with sulfur reporting greater than 10% from the multi-element analysis are re-analyzed for total sulfur by Leco furnace and infrared spectroscopy.

Cautionary note regarding forward-looking statements

Certain statements made and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could" or "would". Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Table 1: Eskay Creek Project 2019 Phase I length weighted drill hole gold and silver composites:

HOLE-ID

FROM (m)

TO (m)

CORE LENGTH (m)

AU (g/t)

AG (g/t)

AUEQ (g/t)

ZONE

SK-19-215

10.20

13.00

2.80

0.66

112

2.15

21E

SK-19-215

20.50

28.50

8.00

1.01

15

1.20

21E

SK-19-216

4.90

8.80

3.90

1.89

39

2.40

21E

SK-19-216

11.30

15.00

3.70

0.45

77

1.48

21E

SK-19-216

18.00

29.00

11.00

1.03

186

3.50

21E

SK-19-216

49.10

57.50

8.40

1.72

178

4.09

21E

INCLUDING

51.90

53.21

1.31

4.09

661

12.90

21E

AND

53.21

53.71

0.50

4.85

565

12.38

21E

SK-19-217

4.60

9.53

4.93

1.45

43

2.03

21E

SK-19-217

15.00

28.00

13.00

0.65

109

2.10

21E

INCLUDING

21.75

22.25

0.50

2.57

793

13.14

21E

SK-19-217

52.00

54.75

2.75

0.64

10

0.77

21E

SK-19-217

57.00

71.00

14.00

3.36

40

3.89

21E

SK-19-218

5.00

10.00

5.00

1.12

30

1.52

21E

SK-19-218A

5.00

9.00

4.00

1.04

27

1.40

21E

SK-19-218A

18.50

28.50

10.00

1.20

102

2.55

21E

SK-19-218A

52.50

62.00

9.50

1.12

55

1.85

21E

SK-19-218A

65.00

71.00

6.00

5.28

25

5.62

21E

INCLUDING

68.82

70.00

1.18

11.80

53

12.51

21E

SK-19-219

5.50

12.34

6.84

1.84

29

2.23

21E

SK-19-219

20.50

33.77

13.27

1.00

94

2.25

21E

SK-19-220

1.60

14.00

12.40

0.68

42

1.24

21E

SK-19-220

26.50

30.00

3.50

1.71

17

1.93

21E

SK-19-221

1.17

11.00

9.83

1.06

122

2.68

21E

INCLUDING

10.00

11.00

1.00

3.85

612

12.01

21E

SK-19-221

30.50

39.00

8.50

1.28

38

1.79

21E

SK-19-221

55.85

59.00

3.15

1.07

7

1.15

21E

SK-19-222

2.00

10.25

8.25

0.54

51

1.21

21E

SK-19-222

14.70

24.00

9.30

2.86

33

3.31

21E

SK-19-222A

2.00

10.33

8.33

0.49

38

0.99

21E

SK-19-222A

14.17

28.65

14.48

3.02

28

3.40

21E

SK-19-222A

33.43

42.50

9.07

0.95

18

1.18

21E

SK-19-222A

63.50

88.50

25.00

2.58

51

3.26

21E

SK-19-222A

105.50

111.00

5.50

1.54

8

1.64

21E

SK-19-223

3.23

9.88

6.65

1.03

49

1.69

21E

SK-19-223

14.62

23.42

8.80

3.51

26

3.86

21E

SK-19-223

27.08

37.00

9.92

0.93

54

1.65

21E

SK-19-224

0.43

14.00

13.57

1.33

20

1.59

21E

SK-19-224

22.50

30.50

8.00

2.43

6

2.50

21E

SK-19-225

2.19

8.00

5.81

1.39

36

1.87

21E

SK-19-225

17.50

26.25

8.75

1.15

15

1.35

21E

SK-19-225

30.50

38.00

7.50

3.49

15

3.69

21E

SK-19-226

1.00

6.24

5.24

1.14

34

1.60

21E

SK-19-226

12.05

25.50

13.45

0.81

81

1.89

21E

SK-19-226

40.78

43.50

2.72

1.54

5

1.61

21E

SK-19-226

46.96

52.50

5.54

3.51

32

3.94

21E

SK-19-227

2.13

9.15

7.02

0.75

48

1.40

21E

SK-19-227

29.63

33.63

4.00

0.79

12

0.94

21E

SK-19-228

3.20

29.00

25.80

0.68

37

1.17

21E

SK-19-228

31.30

37.63

6.33

1.11

19

1.36

21E

SK-19-229

5.00

9.00

4.00

0.45

82

1.54

21E

SK-19-229

40.00

42.50

2.50

2.68

5

2.74

21E

SK-19-230

2.73

12.50

9.77

0.50

133

2.28

21E

SK-19-231

5.00

9.50

4.50

0.80

289

4.65

21E

INCLUDING

8.35

9.50

1.15

0.75

938

13.26

21E

SK-19-232

1.93

17.79

15.86

2.16

24

2.47

21E

SK-19-232

22.22

35.50

13.28

0.88

18

1.12

21E

SK-19-232

51.00

58.00

7.00

0.87

5

0.94

21E

SK-19-232

83.50

88.00

4.50

3.66

11

3.81

21E

SK-19-232

94.27

97.50

3.23

0.47

128

2.18

21E

SK-19-233

5.30

16.77

11.47

1.43

29

1.82

21E

SK-19-233

20.98

26.98

6.00

1.23

19

1.48

21E

SK-19-234

6.44

16.60

10.16

1.13

31

1.54

21E

SK-19-234

25.72

33.00

7.28

1.18

20

1.45

21E

INCLUDING

11.00

12.00

1.00

1.70

1,195

17.63

21E

SK-19-235

21.00

26.50

5.50

0.73

12

0.90

21E

SK-19-236

13.50

31.50

18.00

0.75

65

1.62

21E

INCLUDING

14.50

15.00

0.50

1.46

921

13.74

21E

SK-19-236

36.80

40.00

3.20

0.50

90

1.70

21E

SK-19-237

14.00

18.33

4.33

1.90

85

3.04

21E

SK-19-237

25.50

39.00

13.50

1.94

166

4.16

21E

INCLUDING

28.05

28.90

0.85

4.71

1,360

22.84

21E

SK-19-238

7.95

21.00

13.05

1.16

67

2.05

21E

SK-19-239

16.87

22.00

5.13

1.28

16

1.50

21E

SK-19-239

26.50

29.50

3.00

0.68

9

0.80

21E

SK-19-240

22.54

23.47

0.93

2.00

12

2.16

21E

SK-19-241

16.90

23.50

6.60

1.17

12

1.33

21E

SK-19-242

6.10

12.50

6.40

0.83

12

0.99

21E

SK-19-242

81.50

98.00

16.50

1.12

19

1.37

21E

SK-19-242

101.00

105.00

4.00

1.02

9

1.14

21E

SK-19-243

16.42

37.50

21.08

1.33

33

1.77

21E

SK-19-244

19.40

26.85

7.45

0.64

32

1.07

21E

SK-19-244

31.40

35.00

3.60

0.91

16

1.12

21E

SK-19-245

11.50

27.71

16.21

1.63

62

2.45

HW

SK-19-245

34.05

38.00

3.95

2.25

20

2.52

HW

SK-19-246

10.00

24.33

14.33

13.24

701

22.59

HW

INCLUDING

11.95

12.85

0.90

5.18

5,860

83.31

HW

AND

12.85

13.90

1.05

1.75

1,235

18.22

HW

AND

13.90

14.75

0.85

1.23

1,895

26.50

HW

AND

19.00

19.90

0.90

176.00

1,530

196.40

HW

SK-19-246

27.30

34.00

6.70

1.10

10

1.23

HW

SK-19-247

12.55

23.47

10.92

1.32

8

1.42

HW

Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. Reported core lengths represent 80-100% of true widths and are supported by well-defined mineralization geometries derived from historical drilling. Length weighted AuEq composites were constrained by geological considerations. Grade capping of individual assays has not been applied to the Au and Ag assays informing the length weighted AuEq composites. Processing recoveries have not been applied to the AuEq calculation and are disclosed at 100%. Samples below detection limit were nulled to a value of zero.

Table 2: Mine grid Phase I drill hole locations and orientations:

HOLE-ID

EASTING

NORTHING

ELEVATION

LENGTH (m)

AZIMUTH

DIP

SK-19-100

9973.0

10139.0

972.6

41.4

73.2

-59.8

SK-19-128

10086.0

10527.0

941.0

36.0

161.6

-60.3

SK-19-130

10086.0

10527.0

941.0

40.0

210.7

-55.1

SK-19-215

10124.5

10272.3

979.7

32.0

327.1

-82.2

SK-19-216

10106.2

10308.4

980.2

71.0

160.1

-57.3

SK-19-217

10106.0

10308.3

980.7

71.0

164.1

-68.6

SK-19-218

10106.4

10308.4

979.4

17.0

205.0

-84.0

SK-19-218A

10106.4

10308.4

979.4

71.0

199.1

-84.1

SK-19-219

10106.4

10308.3

979.7

47.0

189.7

-60.2

SK-19-220

10130.6

10264.2

979.5

50.0

181.9

-67.2

SK-19-221

10130.5

10266.5

980.3

59.0

228.9

-87.0

SK-19-222

10120.1

10383.8

976.3

24.0

277.0

-85.2

SK-19-222A

10120.3

10384.6

975.0

122.0

270.3

-86.6

SK-19-223

10120.0

10367.4

975.3

45.0

3.4

-89.1

SK-19-224

10138.5

10322.9

981.5

66.0

44.1

-56.8

SK-19-225

10138.1

10321.0

981.8

62.0

43.8

-72.1

SK-19-226

10138.3

10320.4

981.9

54.0

220.5

-89.9

SK-19-227

10132.3

10389.1

977.2

44.0

28.9

-70.1

SK-19-228

10132.1

10389.2

975.3

41.0

285.5

-78.3

SK-19-229

10137.8

10293.3

980.8

65.0

142.6

-74.8

SK-19-230

10135.5

10293.3

980.9

62.0

43.5

-86.7

SK-19-231

10136.9

10292.7

981.0

53.0

86.0

-71.5

SK-19-232

10128.3

10363.6

975.6

102.0

63.1

-89.1

SK-19-233

10114.2

10344.7

976.8

41.0

92.2

-78.5

SK-19-234

10113.4

10343.8

977.0

45.0

239.0

-72.0

SK-19-235

10110.2

10277.7

976.3

32.0

114.4

-60.5

SK-19-236

10108.4

10276.0

975.6

47.0

194.4

-67.6

SK-19-237

10109.1

10317.4

977.2

47.0

267.0

-69.2

SK-19-238

10109.3

10317.8

977.5

35.0

86.3

-68.5

SK-19-239

10137.0

10382.0

977.2

41.0

141.0

-62.2

SK-19-240

10137.6

10382.9

977.0

41.0

48.5

-69.5

SK-19-241

10137.6

10381.9

977.4

42.0

103.1

-44.7

SK-19-242

10138.9

10357.6

979.2

106.0

21.3

-85.1

SK-19-243

10128.6

10407.0

974.5

38.0

283.2

-60.4

SK-19-244

10129.1

10405.8

973.9

35.0

203.1

-68.5

SK-19-245

9862.2

10891.7

860.3

38.0

130.8

-64.3

SK-19-246

9882.9

10892.3

863.1

34.0

162.0

-67.2

SK-19-247

9884.5

10894.6

863.4

30.0

100.9

-44.6

For higher resolution of image above, click here.

For higher resolution of image above, click here.

CONTACT:

Walt Coles Jr.,
President & CEO
Kelly Earle, Vice President Communications
Email: kearle@skeenaresources.com
Tel: (604) 684-8725

SOURCE: Skeena Resources Limited

ReleaseID: 577899

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Media Contact:
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SOURCE: InvestmentNews

ReleaseID: 577936

Pharma Supply Chain Company Recently Uplisted to NASDAQ with symbol "MEDS"

TAMPA, FL / ACCESSWIRE / February 26, 2020 / Trxade Group, Inc., (NASDAQ:MEDS) ("Trxade Group" or the "Company"), an integrated drug procurement, delivery and healthcare platform that enables price transparency and increased profit margins for pharmacists and healthcare buyers and sellers of pharmaceuticals, will ring the Nasdaq Opening Bell on Friday, February 28, 2020. The Company uplisted to NASDAQ and begun trading on February 13th, 2020 and is currently trading under the stock symbol "MEDS".

Select members of the Trxade Group senior leadership team and key advisors will join Chairman and CEO Suren Ajjarapu to open NASDAQ trading.

"This achievement and ceremony represent the culmination of many years of hard work, focus, and determination from our collective Trxade Group team," said Ajjarapu. "We appreciate the support of our employees, partners, customers and shareholders who have all contributed to making our Nasdaq listing a reality. We will look forward to leveraging the NASDAQ platform for continued growth and building shareholder value."

The ceremony will be held at Nasdaq's MarketSite in New York City and will be webcast starting at 9:15 a.m. Eastern time on Nasdaq's website (click here to watch), on Nasdaq's Facebook, and Twitter: @Nasdaq.

Nasdaq will also display a 30-second video that will run on Nasdaq's seven-story Video Tower and Marquee. The video will run on rotation exclusively for Trxade Group for one full hour – "the hour of the opening bell."

The last two minutes of the ceremony will also be broadcasted live through major financial television networks such as CNBC, Fox Business News, Bloomberg TV, and BNN.

About Trxade Group, Inc.

Headquartered in Tampa, Florida, Trxade Group, Inc. (NASD:MEDS) is an integrated drug procurement, delivery and healthcare platform that enables price transparency and increased profit margins to healthcare buyers and sellers of pharmaceuticals. Founded in 2010, Trxade Group is comprised of three synergistic operating platforms; the Trxade B2B trading platform with 11,900 registered pharmacies, licensed virtual Wholesale and Mail Order Pharmacy delivery capabilities using DelivMeds app. For additional information, please visit us at http://www.trxade.com http://www.delivmeds.com, and http://www.bonumhealth.com. Twitter: @TRXDGroup Facebook: @trxadegroupinc

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn,on Twitter @Nasdaq,or at www.nasdaq.com.

Forward-Looking Statements

Certain statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Certain risks and uncertainties applicable to us and our operations are described in the "Risk Factors" sections of our most recent annual and quarterly reports and in other reports we have filed with the U.S. Securities and Exchange Commission. These reports are available at www.sec.gov.

INVESTORS CONTACT:

Christy Justi
IR@trxade.com
800-261-0281

SOURCE: Trxade Group, Inc.

ReleaseID: 577911

VAN NUYS, CA / ACCESSWIRE / February 26, 2020 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that Optimal Group Australia (www.optimalgroup.com.au), Capstone's exclusive Australian distributor recently sold another two Capstone C600 Signature Series microturbines, pushing its installed base to 40.1 megawatts (MW) in Australia.

"Capstone microturbines are well suited for industrial combined heat and power applications worldwide," stated Darren Jamison, President and CEO of Capstone Turbine Corporation. "Capstone's business in Australia and Asia is up 9% year-over-year and our CHP business has grown from 40% to 54% of our total revenue compared to this time last year," added Mr. Jamison.

Optimal continues to meet the growing clean and green energy needs of CHP and oil and gas customers across Australia. The project required Optimal to deliver a highly efficient and reliable combined heat and power (CHP) solution to a major international food producer. The project will be installed and commissioned this spring and will serve as a technology demonstration project for the company.

Optimal will also pursue putting both C600S units under a Capstone Factory Protection Plan (FPP), Capstone's innovative and comprehensive maintenance program designed to give financial peace of mind to microturbine customers by providing product life cycle costs at a fixed rate for both scheduled and unscheduled maintenance for the life of the microturbine system. Additionally, the recently updated FPP protects microturbine customers from potentially dramatic future increases in life cycle costs associated with changes in replacement spare parts pricing, commodity price increases, import tariffs, and interest rate changes. The addition of an FPP on both units would add to Optimal's 12 MW already under Capstone long-term FPP coverage.

"Optimal continues to do a nice job developing innovative energy projects, regularly adding new service customers by offering Capstone's industry-leading long-term service contracts on new sales within their growing fleet," said Jeff Foster, Capstone's Senior Vice President of Customer Service and Product Development. "Our highly profitable aftermarket service sector, driven by the recently updated FPP product, is a key element of our positive Adjusted EBITDA plan for the upcoming June quarter and for Capstone's long-term profitability," added Mr. Foster.

"We congratulate Optimal for developing another innovative clean energy solution while simultaneously providing a cleaner and more reliable source of efficient energy to this industry-leading food producer," stated Jen Derstine, Capstone's Vice President of Marketing and Distribution.

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: 577898

TAMPA, FL / ACCESSWIRE / February 26, 2020 / GT Biopharma, Inc. (OTCQB:GTBP)(GTBP.PA) an immuno-oncology company focused on innovative treatments based on the Company's proprietary NK cell engager (TriKE™) platform announced today that the first patient has been dosed in a Phase I/II clinical trial of its anti-CD16/IL-15/anti-CD33 TriKE™, GTB-3550. The clinical trial is being conducted at the University of Minnesota's Masonic Cancer Center in Minneapolis, Minnesota under the direction of Dr. Erica Warlick.

The open-label, dose-escalation Phase I portion of the trial will evaluate GTB-3550 in patients with CD33-expressing, high risk myelodysplastic syndromes, refractory/relapsed acute myeloid leukemia or advanced systemic mastocytosis, and will determine safety and tolerability as well as the pharmacologically active dose and maximum tolerated dose of GTB-3550. The Phase II portion of the trial is planned to further evaluate the recommended dose of GTB-3550 in this patient population.

Multiple strategies to redirect immunity have been developed in the past two decades, but they have technical hurdles, cause undesirable side-effects, or are very expensive as exemplified by the T cell therapy-based chimeric antigen receptor (CAR-T) therapies from Bristol-Myers Squibb [NYSE: BMY] and Gilead Sciences [Nasdaq: GILD]). Because TriKE is a targeted immuno-oncology protein-based therapeutic, the cost and patient delivery/administration of TriKE therapy are far superior compared to CAR-T cell therapies.

Mr. Anthony Cataldo, the Chairman and Chief Executive Officer of GT Biopharma commented "we are pleased to have dosed the first patient in our GTB-3550 clinical trial, and thank our investors for helping us achieve this important milestone." Mr. Cataldo further stated "what makes the multi-targeting TriKE ™ unique from all the other single targeting NK cell therapies (Affimed NV [Nasdaq: AFMD], Innate Pharma SA [Nasdaq: IPHA] and Dragonfly Therapeutics [www.dragonflytx.com]) is the proprietary incorporation of IL-15 (an NK cell stimulating cytokine) directly into the core TriKE construct thereby enhancing activation, proliferation and persistence of NK cells while minimizing the toxicities associated with the systemic administration of cytokine therapy to stimulate the patient's immune system."

About GTB-3550 Trispecific NK cell Engager (TriKE™)

GTB-3550 is the Company's first TriKE™ product candidate being initially developed for the treatment AML. GTB-3550 is a single-chain, tri-specific scFv recombinant fusion protein conjugate composed of the variable regions of the heavy and light chains of anti-CD16 and anti-CD33 antibodies and a modified form of IL-15. The natural killer (NK) cell stimulating cytokine human IL-15 portion of the molecule provides a self-sustaining signal that activates NK cells and enhances their ability to kill. We intend to study GTB-3550 in CD33 positive leukemias such as acute myeloid leukemia (AML), myelodysplastic syndrome (MDS), and other CD33+ hematopoietic malignancies.

About GT Biopharma, Inc.

GT Biopharma, Inc. is a clinical stage biopharmaceutical company focused on the development and commercialization of immuno-oncology therapeutic products based our proprietary Tri-specific Killer Engager (TriKE™) platform. Our TriKE platform is designed to harness and enhance the cancer killing abilities of a patient's immune system natural killer cells (NK cells). GT Biopharma has an exclusive worldwide license agreement with the University of Minnesota to further develop and commercialize cancer therapies using proprietary TriKE technology developed by researchers at the university to target NK cells to cancer.

Forward-Looking Statements

This press release contains certain forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict, including statements regarding the potential acquisition, the likelihood of closing the potential transaction, our clinical focus, and our current and proposed trials. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believes", "hopes", "intends", "estimates", "expects", "projects", "plans", "anticipates" and variations thereof, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. Our forward-looking statements are not guarantees of performance and actual results could differ materially from those contained in or expressed by such statements. In evaluating all such statements, we urge you to specifically consider the various risk factors identified in our Form 10-K for the fiscal year ended December 31, 2018 in the section titled "Risk Factors" in Part I, Item 1A and in our subsequent filings with the Securities and Exchange Commission, any of which could cause actual results to differ materially from those indicated by our forward-looking statements.

Our forward-looking statements reflect our current views with respect to future events and are based on currently available financial, economic, scientific, and competitive data and information on current business plans. You should not place undue reliance on our forward-looking statements, which are subject to risks and uncertainties relating to, among other things: (i) the sufficiency of our cash position and our ongoing ability to raise additional capital to fund our operations, (ii) our ability to complete our contemplated clinical trials for GTB-3550 or GTB-1550, or to meet the FDA's requirements with respect to safety and efficacy, (iii) our ability to identify patients to enroll in our clinical trials in a timely fashion, (iv) our ability to achieve approval of a marketable product, (v) design, implementation and conduct of clinical trials, (vii) the results of our clinical trials, including the possibility of unfavorable clinical trial results, (vii) the market for, and marketability of, any product that is approved, (viii) the existence or development of treatments that are viewed by medical professionals or patients as superior to our products, (ix) regulatory initiatives, compliance with governmental regulations and the regulatory approval process, and social conditions, and (x) various other matters, many of which are beyond our control. Should one or more of these risks or uncertainties develop, or should underlying assumptions prove to be incorrect, actual results may vary materially and adversely from those anticipated, believed, estimated, or otherwise indicated by our forward-looking statements.

We intend that all forward-looking statements made in this press release will be subject to the safe harbor protection of the federal securities laws pursuant to Section 27A of the Securities Act, to the extent applicable. Except as required by law, we do not undertake any responsibility to update these forward-looking statements to take into account events or circumstances that occur after the date of this press release. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events which may cause actual results to differ from those expressed or implied by these forward-looking statements.

For more information, please visit www.gtbiopharma.com.

Anthony Cataldo
800-304-9888

SOURCE: GT Biopharma, Inc.

ReleaseID: 577923

Company To Discuss Recent Pennsylvanian Silt Oil and Gas Recoveries

PLANO, TX / ACCESSWIRE / February 26, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH) ("Torchlight" or the "Company"), today provided details for an investor conference call to discuss recently announced measured oil and gas recoveries from the Cactus A35 #1H well and Upper Pennsylvanian Silt (WolfPenn Formation.)

Conference Call and Webcast

Time: Thursday February 27, 2020 at 4 PM Eastern
Toll Free Dial-in: 1-855-327-6837
International Dial-in: 1-631-891-4304
Conference ID: 10008814
Webcast Link: http://public.viavid.com/index.php?id=138314

About Torchlight Energy

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. The company has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. For additional information on the Company, please visit www.torchlightenergy.com.

Forward Looking Statement

This news release contains 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. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including risks associated with the Company's ability to obtain additional capital in the future to fund planned expansion, the demand for oil and natural gas, general economic factors, competition in the industry and other factors that could cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Investor Relations Contact

Derek Gradwell
Investor Relations
Phone: 512-270-6990
Email: ir@torchlightenergy.com

SOURCE: Torchlight Energy Resources, Inc.

ReleaseID: 577932

High-grade results from the hole MK-18-205 extension confirm the presence of a new mineralized zone below and to the east of the current resource.
Highlights from the third set of results for 1,462 metres of drilling in three diamond drill holes and two extension holes:

MK-18-205ext: 32.30 g/t Au over 7.1 metres, including 142.80 g/t Au over 1.2 metres, 26.97 g/t Au over 1.3 metres and 24.60 g/t Au over 0.7 metres.
MK-19-249: 5.28 g/t Au over 13.7 metres, including 58.17 g/t Au over 0.6 metres and 21.04 g/t Au over 0.8 metres.
MK-19-250: 10.50 g/t Au over 11.0 metres, including 156.00 g/t Au over 0.6 metres and 13.15 g/t Au over 1.0 metre.
MK-19-251: 7.04 g/t Au over 6.0 metres, including 25.92 g/t Au over 1.0 metre.
These zones remain open to the south and east and at depth.

MONTREAL, QUEBEC, CANADA / ACCESSWIRE / February 26, 2020 / MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX:MQR)(OTCMKTS:MRQRF)(FRANKFURT:MR7) is pleased to report the third set of assay results from the 2019 diamond drilling program on its wholly owned McKenzie Break gold project, located 25 kilometres north of Val-d'Or, near its Camflo and Beacon mills. The fall 2019 drilling program consisted of 10 holes and two hole extensions totalling 4,202 metres, designed to follow up on the positive results from the 2018 drilling program (see press releases dated February 28, 2019, March 13, 2019, and March 20, 2019). The assay results reported today are for the last three holes and two hole extensions totalling 1,462 metres in the south part of the property (see plan view map of best drilling results).

"These are truly the best results we have encountered so far on McKenzie Break, with the discovery of a new high-grade mineralized horizon to the east and below the current resource," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch Gold. "This drilling has shown excellent continuity of the mineralization between holes drilled on 50-metre centres and a significant thickening of the mineralization towards the east and south. Based on these results, we intend to drill four additional holes at 50-metre spacings to continue testing the extension of this zone of high-grade mineralization. This 1,600-metre drilling program is scheduled to commence at the end of Q1."

Summary of drill results

Monarch's MK-18-205 hole drilled in 2018 had returned 20.12 g/t Au over 2.6 metres near the bottom of the hole. Given the assay results for this hole and the recently drilled holes around it, the hole was extended in 2019. The hole extension MK-18-205ext continued to intersect mineralization at depth, returning 32.30 g/t Au over 7.1 metres, including 142.80 g/t Au over 1.2 metres, 26.97 g/t Au over 1.3 metres and 24.60 g/t Au over 0.7 metres. This high-grade intersection, one of the best on the property to date, confirms the existence of a new mineralized zone below and to the east of the current resource (see Figure 1).

Hole MK-19-249 was drilled 50 metres east of hole MK-19-241 and 70 metres southeast of the above-mentioned hole MK-18-205ext. It returned 5.28 g/t Au over 13.7 metres, including 58.17 g/t Au over 0.6 metres and 21.04 g/t Au over 0.8 metres (see Figure 2).

Hole MK-19-250, drilled 110 metres southwest of MK-18-205, returned 10.50 g/t Au over 11.0 metres, including 156.00 g/t Au over 0.6 metres. This high-grade intersection is located in a similar stratigraphy to MK-18-205ext, below and to the east of the current resource (see Figure 3).

Hole MK-19-251 was drilled 50 metres west of MK-19-241 and 80 metres southwest of MK-18-205. It returned 7.04 g/t Au over 6.0 metres, including 25.92 g/t Au over 1.0 metre, confirming the extension of the mineralization westward (see Figure 2).

The extension of hole MK-18-199, located much further to the southwest, showed a broad zone of mineralization grading 1.47 g/t Au over 14.5 metres, at a depth of approximately 300 metres (see Figure 4).

Third and final set of drill results for the McKenzie Break property:

Hole

Length

From

To

Width*

Grade Au

number

(m)

(m)

(m)

(m)

(g/t)

MK-18-199Ext

400

299.5

314.0

14.5

1.47

Including

301.0

302.0

1.0

4.83

Including

305.0

306.0

1.0

3.03

324.8

329.0

4.2

1.08

MK-18-205Ext

426

356.5

363.6

7.1

32.30

Including

356.5

357.8

1.3

26.97

Including

358.4

359.1

0.7

24.60

Including

362.4

363.6

1.2

142.80

MK-19-249

432

361.6

365.0

3.4

3.07

Including

364.0

365.0

1.0

7.20

379.5

393.2

13.7

5.28

Including

379.5

380.3

0.8

21.04

Including

383.1

383.7

0.6

58.17

Including

390.0

392.0

2.0

6.13

402.4

403.4

1.0

6.19

MK-19-250

426

310.0

311.7

1.7

5.43

313.0

313.5

0.5

5.17

317.4

319.5

2.1

7.88

329.0

340.0

11.0

10.50

Including

332.2

333.2

1.0

13.15

Including

338.0

338.6

0.6

156.00

401.0

403.0

2.0

5.03

MK-19-251

414

334.0

340.0

6.0

7.04

Including

334.0

335.0

1.0

25.92

*The width shown is the core length. True width is estimated to be 90-100% of the core length.

Collar coordinates:

Hole

Azimuth

Dip

Length

UTM E

UTM N

Elevation

Number

(°)

(°)

(m)

(m)

MK-19-249

230

-88

432

310301

5358498

324

MK-19-250

230

-88

426

310206

5358450

320

MK-19-251

230

-88

414

310187

5358501

321

MK-18-199Ext

230

-88

400

310051

5358400

320

MK-18-205Ext

230

-88

426

310250

5358549

327

McKenzie Break is a high-grade, multiple-narrow-vein gold deposit hosted in the dioritic Pascalis batholith and underlain by porphyritic diorite and mafic and felsic volcanic rocks. On June 14, 2018, the Corporation reported an NI 43-101 pit-constrained resource of 48,133 ounces in the Indicated category and 14,897 ounces in the Inferred category on the property, as well as an underground resource of 53,448 ounces in the Indicated category and 49,130 ounces in the Inferred category, for a total of 165,608 ounces of gold (Source: NI 43-101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc., and Christian D'Amours, P.Geo., of GeoPointCom Inc.).

Sampling consists of sawing the core into equal halves along its main axis and shipping one of the halves to the ALS Minerals laboratory in Val-d'Or, Quebec, for assaying. The samples are crushed, pulverized and assayed by fire assay, with atomic absorption finish. Results exceeding 3.0 g/t Au are re-assayed using the gravity method, and samples containing visible gold grains are assayed using the metallic screen method. Monarch uses a comprehensive QA/QC protocol, including the insertion of standards, blanks and duplicates.

The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, P.Geo., the Corporation's qualified person under National Instrument 43-101.

ABOUT MONARCH GOLD CORPORATION

Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on becoming a 100,000 to 200,000 ounce per year gold producer through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns over 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

FOR MORE INFORMATION:

Jean-Marc Lacoste 1-888-994-4465
President and Chief Executive Officer jm.lacoste@monarquesgold.com

Mathieu Séguin 1-888-994-4465
Vice President, Corporate Development m.seguin@monarquesgold.com

Elisabeth Tremblay 1-888-994-4465
Senior Geologist – Communications Specialist e.tremblay@monarquesgold.com
www.monarquesgold.com

SOURCE: Monarch Gold Corporation

ReleaseID: 577854

Expansion provides on-demand car care to better serve autonomous and shared mobility fleets

RESEARCH TRIANGLE PARK, NC / ACCESSWIRE / February 26, 2020 / Get Spiffy, Inc. (Spiffy®), an on-demand car care, technology, and services company, today announced the opening of a new office in the San Francisco Bay area.

This expansion positions Spiffy to address the growing car care needs of autonomy and shared mobility companies, which coalesce with electrification and connectivity into an industry mega-trend known as Vehicle 2.0. Establishing a Silicon Valley presence also offers the opportunity to directly manage West Coast fleet clients, while tapping into the region's diverse pool of talent.

"We're thrilled to announce the opening of our new Silicon Valley office," said Spiffy CEO Scot Wingo. "This new location puts us right in the midst of disruptive companies in the automotive industry that require an evolving mobile maintenance solution. We've been fortunate to work with top ride-hailing, car sharing, and autonomous fleets and this expansion will help us better serve them while growing our footprint in a global hub for innovation."

Leading the West Coast office is Garrison Ramoso, who recently joined Spiffy as Director of Business Development. He brings strategic fleet management experience from his previous stint as Senior Director, Business Development at YourMechanic, in addition to years in various management roles at eBay and SurveyMonkey.

"I'm impressed by the work that Scot and the rest of the team have done to this point, especially in the past year, and excited by the opportunities that lie ahead of us," Ramoso said. "I can't wait to roll up my sleeves and start digging into this new role!"

For more information about Vehicle 2.0, visit https://vehicle2.getspiffy.com/

About Spiffy

Spiffy® (https://www.getspiffy.com) is an on-demand technology and services company with the mission to redefine the car care experience everywhere. Spiffy offers a variety of hand car washing, advanced detailing, oil change, high-volume oil change, tires, and other maintenance service options. Customers can schedule in less than two minutes with the Spiffy app. Every service is conveniently performed on-site at fleets, office parks, and residences using the Spiffy Green system that is the eco-friendliest way to service a vehicle.

Spiffy is available for individuals in cities and metro areas including Atlanta, Charlotte, Dallas-Fort Worth, Los Angeles, and Raleigh-Durham. Spiffy also offers Fleet Management as a Service™ in Chicago, Denver, Fort Lauderdale, Fort Myers, Las Vegas, Miami, Newark, New York, Orlando, Philadelphia, Phoenix, San Francisco, Seattle, Tampa, and Washington, D.C.

PR Contacts:

Grayson Leverenz​
VP Marketing
Get Spiffy, Inc.
grayson@getspiffy.com
919-500-2481
https://www.getspiffy.com

Garrison Ramoso
Director of Business Development
Get Spiffy, Inc.
gramoso@getspiffy.com
408-334-3036
https://www.getspiffy.com

SOURCE: Get Spiffy, Inc.

ReleaseID: 577802

NEW YORK, NY / ACCESSWIRE / February 26, 2020 / On Tuesday, 2/25/2020 the Centers for Disease Control and Prevention warned of the "inevitable" spread of the coronavirus in the United States. Worldwide confirmed Coronavirus cases area at 81,234 and 2,769 Deaths, and climbing. [1]

Lack of sleep increases your chances of getting sick by compromising your immune system. Studies show that people who don't get quality sleep or enough sleep are more likely to get sick after being exposed to a virus, such as the Coronavirus. Lack of sleep can also affect how fast you recover if you do get sick. [2]

TOP RATED CBD OIL FOR SLEEP

CBD & the Coronavirus

Currently, there is no vaccine for the Coronavirus so the best ways to protect yourself are:
#1 – Get an optimal amount of sleep (7-8hrs each night)
#2 – Wash your hands regularly wash your hands,
#3 – Eat a healthy diet

In general, for most people, CBD oil has a relaxing and may be effective for a wide range sleep disorders, such as insomnia, Insomnia, Sleep apnea & Restless legs syndrome (RLS). CBD taken at nighttime as part of a bedtime regime produces a restful sleep, by helping the mind and body relax and generating a feeling of calmness, not the alertness which CBD can produce if taken during the daytime. This bidirectional effect of CBD is the result of balancing the endocannabinoid system.

TOP RATED CBD OIL FOR SLEEP

Furthermore, according to Bradley E. Alger, a leading scientist in the study of endocannabinoids with a PhD from Harvard in experimental psychology:

"With complex actions in our immune system, nervous system, and virtually all of the body's organs, the endocannabinoids are literally a bridge between body and mind. By understanding this system, we begin to see a mechanism that could connect brain activity and states of physical health and disease." [3]

How to Take the Medicine: Dosage and Delivery

It is suggested that patients work with a health care practitioner experienced in recommending CBD or medicinal cannabis so that dosage and delivery methods can be developed and fine-tuned on an individual basis. At the same time, educated and aware patients can be their own highly informed health consultants.

Oral consumption is recommended as it usually lasts the whole night. Always start with the micro dose to test sensitivity and go up as needed within the dosing range before going to the next, until symptoms subside. The micro to standard dose is usually recommended to treat insomnia and sleep apnea. When relaxing most people find they need a dose, between 15-40 mg. CBD taken as a tincture will aid in a restful six to seven hours of sleep.

Contact:
Jacob Devitt
Chief Editor, https://popularcbdbrands.com
info@popularcbdbrands.com
(770) 239-7752

Sources:
[1] https://www.worldometers.info/coronavirus/
[2] https://www.mayoclinic.org/diseases-conditions/insomnia/expert-answers/lack-of-sleep/faq-20057757
[3] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3997295/

SOURCE: Popular CBD Brands

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Boxwood continues to establish itself as one of the premier M&A advisors for leading brands within franchising, completing its fourth transaction in the last 16 months

RICHMOND, VA / ACCESSWIRE / February 26, 2020 / Boxwood Partners, LLC is pleased to announce the sale of Dryer Vent Wizard International LLC (the "Company" or "Dryer Vent Wizard") to Neighborly, a portfolio company of Harvest Partners, LP ("Harvest Partners" or "Harvest"), a New-York-based private equity firm.

Boxwood Partners acted as the exclusive advisor to Dryer Vent Wizard with respect to this transaction. The transaction was led by Managing Partner J. Patrick Galleher, Director Brian Alas, Vice President Robbie Nickle, and Analyst Dan Martinson. The terms of the deal were not disclosed.

Founded in 2004, Dryer Vent Wizard has grown to become the national leader specializing in the professional dryer duct and vent cleaning, inspection, repair, and maintenance services for both single-family and multi-family residential properties. The Farmington Hills, MI-based company continues to expand its domestic and international footprint and now has nearly 100 locally owned and operated franchise locations across the United States and Canada

"Dryer Vent Wizard has done a tremendous job carving out an important niche in the home service industry. The Company's professional service offerings are specifically tailored to help improve appliance performance and, more importantly, prevent related hazards within the home, including potential house fires," said Mike Bidwell, President and CEO of Neighborly. "The Company represents a great addition to our trusted network of premium home service brands."

Dryer Vent Wizard brings Neighborly's network to more than 3,900 franchisees representing a total of 24 home service brands and 11 corporate support centers throughout North America, U.K. and Germany.

Dave Lavalle, founder of Dryer Vent Wizard, was extremely pleased with the outcome, having commented, "By joining the Neighborly network, Dryer Vent Wizard will continue to expand its national and international footprint and gain access to Neighborly's impressive network and corporate support system," he continued. "I would also like to thank the Boxwood team for their pivotal role in identifying the ideal partner for Dryer Vent Wizard. Their expertise within the franchising space combined with their undivided help and attention throughout each step in the process was critical in paving the way for a successful transaction."

J. Patrick Galleher, Boxwood's Managing Partner added, "We really enjoyed the opportunity to work with Dave and Terry and the rest of the team at Dryer Vent Wizard. We believe that the Company is a great complement to Neighborly's network of premium home service offerings."

Brian Farmer, Brandon Spalding and Andrea Mousouris of Hirschler Fleischer served as legal counsel for Dryer Vent Wizard while Briar Siljander of Trio Law PLC acted as franchise counsel.

About Boxwood Partners

Boxwood Partners, LLC (www.boxwoodpartnersllc.com), is a boutique investment bank based in Richmond, Virginia. Boxwood Partners combines a unique blend of senior-level transaction advisory, business operating experience, and proven process execution skills to give its clients a distinct advantage in the market. The firm's extensive relationships within the global capital and buyer communities (including U.S. and international private equity groups, corporations, and lenders) and other important transaction-related service providers such as consultants, attorneys, and accountants, ensure that the firm's clients receive the attention, service, and results they deserve.

About Dryer Vent Wizard

Headquartered in Farmington Hills, MI, Dryer Vent Wizard provides professional dryer duct and vent cleaning, inspection, repair, and maintenance services. The Company operates throughout both the United States and Canada with nearly 100 locally owned and operated franchise locations.

About Neighborly®

Neighborly® is the world's largest home services franchisor of 24 service brands and more than 3,900 franchise owners serving 9 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 14 service categories at www.getneighborly.com in the United States and www.getneighbourly.ca in Canada. The company was founded in 1981 as Dwyer Group and is based in Waco, Texas. More information about Neighborly/Neighbourly, and its franchise concepts, is available at www.Neighborlybrands.com.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & consumer, healthcare, industrial services and manufacturing, and distribution sectors. This strategy leverages Harvest Partners' 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

CONTACT:

J. Patrick Galleher
Phone: (804) 343-3441
Email: pgalleher@boxwoodpartnersllc.com

SOURCE: Boxwood Partners LLC

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