NEW YORK, NY / ACCESSWIRE / March 26, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Luckin Coffee Inc. (NASDAQ: LK)
Class Period: November 13, 2019 – January 31, 2020
Deadline: April 13, 2020
For more info: www.bgandg.com/lk

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) certain of Luckin's financial performance metrics, including per-store per-day sales, net selling price per item, advertising expenses, and revenue contribution from "other products" were inflated; (2) Luckin's financial results thus overstated the Company's financial health and were consequently unreliable; and (3) as a result, the Company's public statements were materially false and misleading at all relevant times.

Southwest Airlines Co. (NYSE: LUV)
Class Period: December 13, 2018 – January 15, 2020
Deadline: April 20, 2020
For more info: www.bgandg.com/luv

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Southwest's operations were non-compliant with government maintenance and safety regulations; (2) the foregoing issues were exacerbated by Southwest's undue influence over FAA officials and, consequently, lax regulatory oversight of the Company's operations; (3) all of the foregoing significantly increased the safety risks to passengers traveling on Southwest flights and heightened governmental scrutiny into the Company; and (4) as a result, the Company's public statements were materially false and misleading at all relevant times.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 581966

Niche players in the connected logistics market must undertake strategies such as collaborations, acquisitions, and partnerships for indubitable competitive ascendancy.

DUBAI, UAE / ACCESSWIRE / March 26, 2020 / RFID tags are witnessing growing adoption on account of heightened demand for effective supply chain management. This in turn is bolstering the growth of connected logistics market. FMI projects the global connected logistics market will exceed approximately US$ 47 Bn by 2029 end.

"Logistics industry is incorporating technologies such as Artificial Intelligence to manage inventory and reduce operational costs. Moreover, key players utilize this technology to manage networks, optimize delivery routes and to predict demand. Artificial Intelligence has helped streamline the entire logistics ecosystem," concludes the FMI report.

Request report sample with 300+ pages to gain in-depth insights https://www.futuremarketinsights.com/reports/sample/rep-gb-4287

Key Takeaways of Connected Logistics Market Study

While software segment will be in high demand, devices continue to be preferred by consumers across the globe.
Roadways will continue to be the preferred mode of transportation through 2029.
Retail & consumers industry remains the key end-use area of connected logistics market.
North America remains lucrative connected logistics market in view of ongoing digitization process.

Connected Logistics Market – Key Growth Factors

Increasing adoption in manufacturing sector is supporting the growth of connected logistics market.
Technological advancements in logistics industry such as blockchain technology and Internet of Things are bolstering the market growth.
Preponderance of digital sales channels continues to shape the connected logistics market.
Rapid tech penetration in Asia Pacific is boosting the regional connected logistics market.
Need for real-time data and tracking precise location is pushing the growth of connected logistics market.

Connected Logistics Market – Key Restraints

Dynamic competitive structure of connected logistics market presents critical challenges for market leaders.
Data security issues associated with cloud-based technologies is limiting the growth of connected logistics market.

Explore the full connected logistics market report with 211 illustrative figures, 29 data tables and table of contents. Request ToC of the study at https://www.futuremarketinsights.com/customization-available/rep-gb-4287

Competitive Landscape

Global connected logistics market is fragmented in nature. Prominent stakeholders profiled in this FMI study include, but are not limited to, Cisco, Infosys Ltd., Intel Corporation, IBM Corporation, SAP SE, and Bosch. Off-highway Vehicle (OHV) and Radio-frequency Identification (RFID) continue to be prioritized by market players. Moreover, enhanced customer retention, personnel safety and better stock are key focus areas of industry leaders. Software component will offer lucrative growth opportunities for key players through the forecast period.

More about the Report

This Future Market Insights study of 388 pages provides all-inclusive insights on the global connected logistics market. The market analysis is based on component (devices, software, and services), transportation (roadways, railways, airways, and seaways), and vertical (manufacturing, IT & telecom, automotive, retail & consumer goods, food & beverages, healthcare, energy & utilities) across six regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa).

Explore Extensive Coverage of FMI's Electronics, Semiconductors, and ICT Landscape

Workstation Market – Get FMI's latest coverage on the latest workstation market encompassing growth influencing parameters along with market dynamics for the predefined projection period (2019-2029).

Optical Networking Market – Obtain detailed analysis on the global optical networking market through FMI's latest study covering latest technological innovations, current and historical growth parameters for 2019-2029.

Smart Parking Market – FMI's in-depth study on the global smart parking market encompasses industry leaders and their respective product portfolio for the course of forecast period (2019-2029).

About Future Market Insights (FMI)

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

Contact:

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Market Report: https://www.futuremarketinsights.com/reports/connected-logistics-market
Press Release Source: https://www.futuremarketinsights.com/press-release/connected-logistics-market

SOURCE: Future Market Insights

ReleaseID: 582677

VENICE, CA / ACCESSWIRE / March 26, 2020 / Drop Delivery, the Grubhub of cannabis, announced today their positioning as the leading solution for cannabis retailers to start offering at-home delivery in just 24 hours.

Due to the COVID-19 situation, thousands of cannabis retailers around the country are feeling the negative impact on their sales. Drop Delivery, a Venice, California-based software startup, has developed a turnkey-simple solution for cannabis businesses to offer a delivery service that takes only hours rather than the weeks of onboarding typical for SaaS platforms.

Drop Delivery is a single-point solution, custom-built for the cannabis industry, to manage every aspect of operating a delivery business. It offers customer ordering via phone, website or mobile app and uses SMS messaging to keep the customer updated on delivery ETA; it manages and tracks inventory and receipts; it communicates with drivers and tracks their speed and GPS location; and it allows the easy integration of loyalty reward points, coupon codes, discount periods (like "happy hour") and other powerful marketing tools. It is also fully compliant with its integration with Metrc, a cannabis compliance software in 15 states.

"With new procedures being enforced for social distancing, sheltering in place, etc., people aren't leaving their homes. So getting their cannabis delivered is the safest option," said Drop Delivery co-founder and CEO Vanessa Gabriel. "With Drop Delivery, any cannabis business can sign up in the morning, and we can onboard and provide them with a fully-functioning order and delivery app that afternoon. This capability gives a retailer who is losing business due to the lack of in-store traffic the opportunity to quickly offer delivery as an option to their customers. "

Drop Delivery is a white-label software solution that is intuitively designed and simple to operate for delivery services. Other cannabis software companies are creating systems that utilize third-party integrations. These platforms are often not connected to customer-purchased data, and that alone proves their lack of effectiveness. Add to that, paying for the separate services can be very costly in the long run. Drop Delivery was designed from the ground-up as a single integrated platform, and its interfaces work seamlessly with Apple and Android devices.

Certainly, any home delivery option is a valuable addition to a business, but with the progressing COVID-19 situation, home delivery may be vital for keeping a business functioning, and Drop Delivery offers solutions that no one else has.

Cannabis businesses interested in a free 30-day trial can contact Drop Delivery and schedule an online demo at www.dropdelivery.com.

ABOUT DROP DELIVERY:

Drop Delivery is an all-in-one compliant SaaS platform specifically designed for cannabis businesses to offer delivery services. The Drop Delivery platform offers advanced technology that empowers business owners to manage inventory, dispatch and driver logistics, marketing tools, digital loyalty programs, and it provides their own white-label, e-commerce mobile app. With Drop Delivery, cannabis businesses can launch their own delivery services within hours. For more information, visit www.dropdelivery.com.

CONTACT:

Drop Delivery
info@dropdelivery.com

SOURCE: Drop Delivery

ReleaseID: 582319

NEW YORK, NY / ACCESSWIRE / March 26, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Crown Castle International Corp. (NYSE: CCI, CCI-PA)
Class Period: February 26, 2018 – February 26, 2020
Deadline: April 27, 2020
For more info: www.bgandg.com/cci

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Crown Castle's internal control over financial reporting and disclosures controls and procedures were ineffective and materially weak; (2) Crown Castle's financial accounting and reporting was not in accordance with GAAP; (3) Crown Castle's net income, adjusted EBITDA, and adjusted funds from operations were inflated; (4) Crown Castle would need to restate its financial statements for the years ended December 31, 2018 and 2017, and unaudited financial information for the quarterly and year-to-date periods in the year ended December 31, 2018 and for the first three quarters in the year ended December 31, 2019; and (5) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Becton, Dickinson and Company (NYSE: BDX)
Class Period: November 5, 2019 – February 5, 2020
Deadline: April 27, 2020
For more info: www.bgandg.com/bdx

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) certain of Becton's Alaris infusion pumps experienced software errors and alarm prioritization issues; (2) as a result, the Company was investing in remediation efforts to address these product issues, rather than a software upgrade to "make enhancements;" (3) the Company was reasonably likely to face regulatory delays in connection with the software remediation; (4) as a result of the foregoing, Becton was reasonably likely to recall certain of its Alaris infusion pumps; and (5) consequently, Defendants' positive statements about the Company's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 581974

NEW YORK, NY / ACCESSWIRE / March 26, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against of DouYu International Holdings Limited ("DouYu" or "the Company") (NASDAQ:DOYU) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired DouYu securities pursuant and/or traceable to DouYu's July 18, 2019 Initial Public Offering ("IPO"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/doyu.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statementsthat: (1) DouYu's risks related to its top streamers had materialized, including that: (a) a top streamer was actively misrepresenting herself on DouYu's platform, and (b) the costs associated with retaining top streamers was swelling; (2) DouYu did not ensure that all of its products were fully compliant with current regulatory requirements before those products became available on line; and (3) key interactive features of DouYu's "lucky draw" were noncompliant with current regulatory requirements, requiring DouYu to remove them from operations, which negatively impacted user engagement activity and caused disappointing financial results.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/doyu or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in DouYu you have until May 26, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 581994

NEW YORK, NY / ACCESSWIRE / March 24, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Gulfport Energy Corporation ("Gulfport" or the Company") (NASDAQ: GPOR) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Gulfport securities between May 3, 2019, and February 27, 2020, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/gpor.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statementsthat: (i) a material weakness existed in Gulfport's internal control over financial reporting; (ii) accordingly, Gulfport's disclosure controls and procedures were ineffective; (iii) as a result, Gulfport's financial statements contained multiple misstatements; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

On February 27, 2020, Gulfport disclosed that its previously issued financial statements for the three and nine months ended September 30, 2019 "should no longer be relied upon due to material misstatements." Gulfport advised investors that "[i]n the course of preparing the consolidated financial statements for the year ended December 31, 2019, the Company identified a misstatement of its depreciation, depletion and amortization and impairment of oil and gas properties as of September 30, 2019 of approximately $554 million ($436 million net of the tax benefit) related to unrecorded transfers of its unevaluated oil and natural gas properties into the amortization base. This error impacted the related calculations of the Company's depreciation, depletion and amortization and impairment of oil and natural gas properties for the three and nine month periods ended September 2019. Net (loss) income and income tax (benefit) expense have also been impacted." Gulfport further advised investors that "the Company has reassessed its conclusions regarding its disclosure controls and procedures as of September 30, 2019 in light of the misstatements" and "[a]s a result, the Company has determined that a material weakness in internal control over financial reporting existed as of September 30, 2019, and therefore the Company has concluded that its disclosure controls and procedures as of September 30, 2019 were not effective." On this news, Gulfport's stock price fell $0.08 per share, or 8.96%, to close at $0.82 per share on February 28, 2020.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/gpor or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Gulfport you have until May 18, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 581991

Increasing its revenue significantly in 2019, while further increasing its gross profit margin by 14%

DENVER, CO / ACCESSWIRE / March 26, 2020 / Social Life Network, Inc. (OTC PINK:WDLF), announces today, and as reported in its Form 10-K filed with the SEC on March 20, 2020, its annual sales increased 119% in the year ending December 31, 2019. The growth reflects the revenue booked in 2019 versus the same of the prior year.

"After a strong sales and marketing push in 2019, along with the further expansion of new revenue centers in the company, I'm pleased to announce Social Life Network realized record revenue growth last year," said Ken Tapp, CEO of Social Life Network. "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 through our AI-powered technology platform."

Social Life Network's 119% revenue growth in 2019 is the largest year-over-year revenue growth in the history of the company. Additionally, 2019 revenue is an increase of 97.5% over the next largest reported revenue year of 2016.

"As Social Life Network aims toward greater annual revenue, we stay focused on increased profitability across each of our revenue centers. Our sales and account support team strive for excellence, but more importantly stay focused on efficiency in order to increase our bottom line and strengthen our growth momentum in the years to come." said Tapp.

The Company not only increased revenue significantly in 2019, but increase its gross profit margin by 14% from $215 thousand in 2018, to $251 thousand in 2019. It is important to note that the company has consistently increased gross profit year-over-year, with an increase from 2017 through 2019 by 21%.

About Social Life Network, Inc.

Social Life Network, Inc. is an artificial intelligence and blockchain powered social network and e-commerce technology company based in Denver Colorado. Since the launch of the company in January of 2013, we have launched niche industry social networks to service the millions of business professionals and consumers in the residential real estate industry, the legal global cannabis and hemp industry, and many sports verticals including racket sports, soccer, hunting and fishing, worldwide. In January 2020, the combined user-ship of our niche social network exceeded 4 million monthly users.

For more information, visit: www.SocialNetwork.ai

Disclaimer

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. No information in this press release should be construed as any indication whatsoever of the Company's or MjLink's future financial results, revenues or stock price. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

CONTACT:

Investor Relations
IR@Social-Life-Network.com
855-933-3277

SOURCE: Social Life Network, Inc.

ReleaseID: 582680

ATLANTA, GA / ACCESSWIRE / March 26, 2020 / Findit, Inc. (OTC PINK:FDIT) owner of Findit.com, a full service social networking content management platform which provides online marketing services, is featuring Findit member Hip Hop Bling who carries an extensive collection of realistic looking hip hop bling jewelry online as well as high quality gold and diamond chains, rings, pendants, and other hip hop accessories.

People looking for the best hip hop jewelry at competitive prices will find that Hip Hop Bling's premium collection of hip hop jewelry stands out above the rest. Their chains and rings, pendants and bracelets, watches and grillz look and feel just like the real thing. Best of all, because of their competitive prices, people looking for high quality jewelry can get all of their favorites thanks to their amazing prices. Hip Hop Bling prides themselves on offering realistic looking bling that feels heavy and has a better shine and feel than lesser quality pieces found at other hip hop jewelry retailers. For those looking for real diamonds and gold pieces, Hip Hop Bling also carries a wide selection of gold and diamond jewelry. Moreover, they offer fast shipping right to your address so you can continue to get the great quality hip hop jewelry that you want while you may be at home.

Findit has provided marketing services to Hip Hop Bling for many years. The services that Findit provides Hip Hop Bling includes content creation and social network marketing to increase the overall online presence of Hip Hop Bling in search engines and on social networking sites. The content is created within Hip Hop Bling's Findit sites that they claimed utilizing Findit's Claim your Name Tool To date, Hip Hop Bling has claimed 6 Findit Names. The Findit Names are based off different products that Hip Hop Bling sells online. The purpose of these Findit Sites is to improve overall online exposure and increase the number of search results in search engines for Hip Hop Bling under those keywords or phrases. The Claim Your Name Tool on Findit lets you reserve as many names or phrases that you would like and only exist once on Findit.

Browse Some Of Hip Hop Bling's Latest Inventory

10k Gold Rings

14k Gold Diamond Earrings

Limited Edition Iced Out Pendants

Customers can enjoy free shipping on their purchase when they spend over $75. For those looking for the next best thing to real gold and diamond jewelry, Hip Hop Bling has a great selection of bracelets, rings, and pendants offered at competitive prices.

Visit Hip Hop Bling Under Some of Their Findit Names

findit.com/hiphopbling

findit.com/icedoutjewelry

findit.com/blingblingjewelry

About Hip Hop Bling

HipHopBling.com is a jewelry wholesaler and retailer with tremendous experience and knowledge of the hip hop jewelry segment. Our company has been around for nearly 20 years offering the finest products to consumers and hip hop related retailers across the globe. We have grown from a small room during the 90s to a full blown 25,000sqft warehouse in Columbia MD shipping hundreds of orders each day. Our mission is simple and we stand by it each and every day. We strive to find the best jewelry in the world and sell it at the lowest prices possible without compromising quality or service

About Findit

Findit.com which is a Social Media Content Management Platform that provides an interactive search engine for all content posted in Findit to appear in Findit search. The site is an open platform that provides access to Google, Yahoo, Bing and other search engines access to its content posted to Findit so it can be indexed in these search engines as well. Findit provides Members the ability to post, share and manage their content. Once they have posted in Findit, we ensure the content gets indexed in Findit Search results. Findit provides an option for anyone to submit URLs that they want indexed in Findit search result, along with posting status updates through Findit Right Now. Status Updates posted in Findit can be crawled by outside search engines which can result in additional organic indexing. All posts on Findit can be shared to other social and bookmarking sites by members and non-members. Findit provides Real Estate Agents the ability to create their own Findit Site where they can pull in their listing and others through their IDX account. Findit, Inc., is focused on the development of monetized Internet-based web products that can provide an increase in brand awareness of our members. Findit, Inc., trades under the stock symbol FDIT on the OTCPinksheets."

Safe Harbor:

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word believe or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Findit, Inc. to differ materially from those implied or expressed.

CONTACT:

Clark St. Amant
404-443-3224

SOURCE: Findit, Inc.

ReleaseID: 582678

VANCOUVER, BC / ACCESSWIRE / March 26, 2020 / A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV:AZ)(FSE:A23), a pioneer in military robotics, services, and innovation in the auto industry, announces that the Company has been classified as an "essential service" company in Israel, and its business operations continue and remains strong.

Bentsur Joseph, President and CEO of A2Z states, "We wish to reiterate that our core business, working with government agencies, has been classified by the Israeli government as essential, and thus, we are operating at full capacity. We are taking every precaution possible to ensure our employees safety while remaining available to fulfill our various contracts with so many important divisions of the Israeli government, including the Army, Police, Ministry of Defense, among others, all of whom are also deemed "essential services" and remain open, enabling us to fulfill our contracts as per relevant agreements."

Additionally, with the recently completed financing and improved payment terms from our clients, the Company's balance sheet remains strong, enabling it to continue to grow its business.

Bentsur continues, "The Company's cash flow remains strong, and our business is robust, alive, and well. Our Canadian and Frankfurt listings give us the platform to a whole new level of investor exposure and a nexus from which to expand our visibility to promising potential clients within North America and the European Union."

The Company wishes to thank its employees, shareholders, and clients for their strong support, and looks forward to providing material updates on its exciting technologies and business developments in the near future.

BUSINESS OF A2Z

A2Z Technologies Canada Corp. is an innovative technology company based out of Israel, specializing in military technology and expanding into the civilian markets. A2Z has been operating for over 30 years and has a client base with 75 recurring clients, including the Israel Defense Forces, Security Forces, and Ministry of Defence among others. A2Z plans to leverage their cash flow-generating core-business to expand into the civilian robotics and automobile markets.

According to Zion Market Research, the Military Robotics space is expected to reach $53.93B by 2027 for a projected CAGR of 13.5%.(Summary of Report)

Highlights:

Core Business: A2Z's line of products include unmanned remote-controlled vehicles of various sizes designed for intricate bomb disposal, counter terrorism, and firefighting, as well as energy storage power packs/generators. A2Z also provides maintenance services to both external and in-house complex electronic systems and products to over 75 clients.

A2Z has been an Israel Ministry of Defense contractor for over 30 years and a significant portion of its business is long-term service contracts.

Expansion into Civilian Markets: To drive growth, A2Z plans to adapt its military technologies for the much larger civilian markets. One patent-pending product is a capsule (FTICS) that prevents vehicle fires resulting from collisions. A2Z has also been granted a patent for a smart vehicle cover device that protects automobiles from the elements while the vehicle is parked and is stowed away safely in the vehicle's bumper when not in use.

Fuel Tank Intelligent Containment System (FTICS): In the event of a collision, the FTICS system installed into the fuel tank prevents the ignition of fuel, thereby mitigating the spread of fire and explosion, minimizing risk to human life and property damage. According to the NFPA, from 2014 to 2016, an estimated 171,500 highway vehicle fires occurred in the United States, resulting in an annual average of 345 deaths, 1,300 injuries, and $1.1 billion in property loss annually.

Management: CEO Bentsur Joseph's previous venture, Comfy Interactive, was acquired by Shamrock Holdings, the family investment firm founded by Roy Disney. Previously, Bentsur Joseph was the chairman of Elad Hotels whose holdings include the Plaza Hotel in New York City.

Bentsur Joseph has a ~64% ownership stake in the business with 30,000,000 shares subject to an escrow agreement.

For more information regarding A2Z, please visit the Company's website at www.a2zas.com.

Twitter: @A2Z_Advanced

On Behalf of the Board,

Bentsur Joseph, CEO

Investor Relations Contact

Trenton Kwan, KIN Communications
Toll Free: 1-866-684-6730
az@kincommunications.com

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

This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under applicable laws.

SOURCE: A2Z Technologies Canada Corp.

ReleaseID: 582575

– Record Full Year Revenues

– Five Consecutive Years of Positive Earnings

Fourth Quarter 2019 Highlights

Revenues of $12.4 million, an increase of $0.7 million, or 6%, over fourth quarter 2018
North Carolina expansion project completed and operational
Backlog of $30.9 million, growth of 8% since the third quarter 2019

Full Year 2019 Highlights

Full Year Record Revenues of $46.7 million, a 16% increase over 2018
General & Administrative Expenses decreased 14% compared to 2018
EPS of $0.38, a 15% increase over 2018
Five consecutive years of positive earnings

MIDLAND, VA / ACCESSWIRE / March 26, 2020 / Smith-Midland Corporation (the Company) (OTCQX:SMID), a leader in the precast concrete industry, which develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries, today announced results for the quarter and full year ended December 31, 2019.

Fourth Quarter 2019 Results

The Company reported fourth quarter revenues of $12.4 million for 2019 and $11.7 million for 2018, an increase of $0.7 million, or 6%. The pre-tax income for the fourth quarter 2019 was $1.0 million compared to pre-tax income of $1.2 million in 2018, a decrease of $0.2 million, reflecting a high margin special project in 2018. The Company had net income for the fourth quarter of 2019 in the amount of $0.8 million compared to net income of $0.9 million in 2018, a decrease of $0.1 million. The basic and diluted income per share was $0.15 for the fourth quarter 2019, while the basic and diluted income per share was $0.17 for the fourth quarter 2018.

Full Year 2019 Results

The Company reported revenues of $46.7 million for 2019 and $40.2 million for 2018, an increase of $6.5 million, or 16%. The pre-tax income for 2019 was $2.5 million compared to pre-tax income of $2.3 million in 2018, an increase of $0.2 million. The Company had net income for 2019 in the amount of $2.0 million compared to net income of $1.7 million in 2018, an increase of $0.3 million. The basic and diluted income per share was $0.38 for 2019, while the basic and diluted income per share was $0.33 for 2018, an increase of 15%.

COVID-19 Update

Ashley Smith, CEO, stated, "While we remain extremely excited about our long-term future, the main goal during this time of uncertainty is creating a safe and secure environment for our associates, customers, and communities. There is limited forward-looking visibility, and our expectations are tempered by the fact that we do not know what will happen, or the future impact to our business, from COVID-19. As the pandemic is quite profound and impactful, we hope it proves to be temporary with minimal disruption."

Currently, all locations are fully operational, with minimal supply chain disruption and the industry is classified as an essential business. Also, as of today, the Company has an unused $4.0 million line of credit.

CEO Commentary

Mr. Smith said, "During this tough time, we look back at 2019 and are pleased with our performance, which includes record-setting revenues, strong growth in EPS, and five consecutive years of positive earnings. The first quarter of 2020 has started off slower than expected due to lower production caused by short-term delays in customer approval of drawings, but we anticipate 2020 to be another solid financial year for the Company. Notwithstanding the current volatile situation, we currently see continued strong demand in our infrastructure and commercial construction end markets in the near term.

"January 1, 2020 marked the Federal Highway Administration's deadline that requires new precast concrete barrier to be MASH (Manual for Assessing Highway Safety devices) crash tested and approved. Over the next 7-10 years, all existing precast concrete barrier will be phased out and replaced with MASH approved barrier. We continue to be an industry leader in precast concrete barrier development and strive to gain market share through licensing and production, as we currently have MASH approval in 32 states and over 40 licensed producers ready to start production immediately.

"As the new North Carolina manufacturing facility became fully operational in the fourth quarter of 2019, we continue to push and drive current backlog at the facility to move toward full capacity by the end of 2020. The ability to double revenues at the location increases production capacity by 15% for the Company as a whole.

"During 2019, the Company was able to increase its barrier rental fleet by 43% to 250,000 linear feet of barrier. We also added over 75 crash cushion attenuators, expanding our rental opportunities. This high margin division of our business is anticipated to be a major contributor to increasing margins in the future. We are still on track for our rental fleet to exceed 500,000 linear feet in the next three years.

"SlenderWall™, the light-weight panel system, continues to gain even more market acceptance and was used this past year in two of the largest projects in company history. We are seeing project inquiries from across North America and are currently working with potential new licensed producers in those markets. Additional value-added offerings associated with SlenderWall™, such as pre-installed windows and spray foam insulation, are also gaining traction in the commercial end market with trends moving to offsite, modular construction."

Mr. Smith concluded, "Notwithstanding the COVID-19 pandemic, and the limited visibility we have on its impact to our short-term financial results, we are committed to doing everything within our control to protect the best interests of our associates, customers, supply chain, and shareholders as we work our way through this pandemic."

Balance Sheet and Liquidity

As of December 31, 2019, the Company had cash and investments totaling $2.5 million, reflecting significant capital expenditures for the increase in manufacturing facilities. Accounts receivable balances were $12.7 million at December 31, 2019. Total outstanding debt on notes payable was $5.0 million at December 31, 2019. The $4.0 million line of credit had no outstanding balance as of December 31, 2019.

About Smith-Midland

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries. Management and the Board owns approximately 20% of SMID stock, aligning with shareholder values.

Forward-Looking Statements

This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results discussed in the forward-looking statements. Factors which might cause such a difference include, but are not limited to, the risk that the coronavirus outbreak may adversely affect future operations, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, general business and economic conditions, out debt exposure, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

For more complete information on Smith-Midland Corporation, visit the Company's website at SMITHMIDLAND.com. The "Investor Relations" area will include the Company's Form 10-K.

Media Inquiries:
AJ Krick, CFO
540-439-3266
investors@smithmidland.com
Sales Inquiries:
info@smithmidland.com

SOURCE: Smith-Midland Corporation

ReleaseID: 582676