Monthly Archives: May 2020

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of EHTH, WORX and GRPN

NEW YORK, NY / ACCESSWIRE / May 29, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

eHealth, Inc. (NASDAQ:EHTH)
Class Period: March 19, 2018 – April 7, 2020
Lead Plaintiff Deadline: June 8, 2020

The complaint alleges that eHealth, Inc. issued materially false and/or misleading information and/or failed to disclose: (1) its highly aggressive accounting and modeling assumptions; (2) its skyrocketing rate of member churn, resulting from eHealth's pursuit of low quality, lossmaking growth; (3) its reliance on direct response television advertising, which attracts an unprofitable, high churn enrollee; and (4) that as a result of the foregoing, defendants' public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in EHTH: http://www.kleinstocklaw.com/pslra-1/ehealth-inc-loss-submission-form?id=7000&from=1

SCWorx Corp. (NASDAQ:WORX)
Class Period: April 13, 2020 – April 17, 2020
Lead Plaintiff Deadline: June 29, 2020

During the class period, SCWorx Corp. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) SCWorx's supplier for COVID-19 tests had previously misrepresented its operations; (2) SCWorx's buyer was a small company that was unlikely to adequately support the purported volume of orders for COVID-19 tests; (3) as a result, the Company's purchase order for COVID-19 tests had been overstated or entirely fabricated; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in WORX: http://www.kleinstocklaw.com/pslra-1/scworx-corp-loss-submission-form?id=7000&from=1

Groupon, Inc. (NASDAQ:GRPN)
Class Period: November 4, 2019 – February 18, 2020
Lead Plaintiff Deadline: June 29, 2020

The complaint alleges that during the class period Groupon, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing fewer customer engagements in its Goods category; (2) Groupon relied on its Goods category to drive its sales, especially during the holiday season; (3) as a result of the foregoing, the Company was likely to experience reduced sales; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in GRPN: http://www.kleinstocklaw.com/pslra-1/groupon-inc-loss-submission-form?id=7000&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 591943

Codebase Ventures Inc. Investment ‘Red Light Holland’ Lists on CSE

VANCOUVER, BC / ACCESSWIRE / May 29, 2020 / Codebase Ventures Inc. ("Codebase" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) an investment company, announces that Red Light Holland, in which the Company invested in January 2020 through its wholly-owned subsidiary Titan Shrooms & Psychedelics Inc., has begun trading on the Canadian Stock Exchange using the symbol TRIP as of Thursday, May 28th.

Red Light Holland Corp. is a company based in the Netherlands with a focus on the production, growth and sales of truffle-based products in compliance with all applicable laws.

About Red Light Holland

Red Light Holland's business revolves around the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal, recreational market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws. Red Light Holland is strategically based in the Netherlands, an area with a long-standing, established legal magic truffles market.

About Codebase Ventures Inc.

Codebase Ventures Inc. is an investment company, led by technology and business experts who invest early in great ideas in sectors that have significant upside, including the cannabis sector. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow's standards with platforms, protocols and innovations – not just products. We invest early, support those founders, take their ideas to market, and work tirelessly to help them realize their vision.

For further information, please contact:

George Tsafalas – Ivy Lu
Investor Relations
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
E-mail: IR@codebase.ventures

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

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Codebase Ventures Inc.

ReleaseID: 591883

Eagle Plains Commences Drilling on Vulcan Project, Southeastern B.C., Issues Incentive Options

CRANBROOK, BC / ACCESSWIRE / May 29, 2020 / Eagle Plains Resources Ltd. (TSXV:EPL) has commenced diamond drilling on its Vulcan silver-lead-zinc property. The 8220 ha Vulcan claims are owned 100% by Eagle Plains and carry no underlying royalties or encumbrances. A single drill hole up to 700m (2,300') is planned to test a coincident soil geochemical anomaly, Induced Polarization (I.P.), Versatile Time Domain Electromagnetic ("VTEM") and Magnetotelluric ("MT") geophysical conductors located at or near the interpreted geological time horizon that hosts the nearby Sullivan Deposit. Following completion of the hole a down-hole electromagnetic (‘EM") geophysical is planned to test the areas adjacent the drill hole at depth. Drilling activity is expected to take 2-3 weeks to complete.

Vulcan Project Summary

Management of Eagle Plains considers the Vulcan project to hold excellent potential for the presence of Sullivan-style lead-zinc-silver sedimentary-exhalative ("sedex") mineralization such as that at the world-class Sullivan Mine, located 30km to the east. Rocks underlying Vulcan are within the same sedimentary sequence and host mineral occurrences with mineralization and alteration styles similar to those observed at and adjacent to the now-depleted Sullivan deposit. The Main (Hilo) mineral occurrence at Vulcan returned up to 1.6 % combined lead-zinc over 1.5 metres from rocks near the Lower-Middle Aldridge contact; the same time-stratigraphic horizon which hosts the Sullivan deposit. Drilling is planned for an area located approximately 7km from the Hilo occurrence.

The Sullivan mine was discovered in 1892 and is one of the largest sedex deposits in the world. Over its 100+ year lifetime, Sullivan contained a total of 160 million tonnes of ore averaging 6.5% lead, 5.6% zinc and 67 g/t silver, resulting in 298 million ounces of silver, 18.5 billion pounds of lead, 17.5 billion pounds of zinc, and significant quantities of associated metals; collectively worth over $40B at current metal prices. Eagle Plains management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Vulcan property.

Sullivan-style mineralization was first reported in the mid-1950s at the Vulcan Project. During the 1970s and 1980s, Texas Gulf Sulphur and later Cominco completed extensive geophysical work and drilled shallow holes to test for continuous mineralization in areas of the property. The most comprehensive testing occurred in the Hilo area during the early 1990s by Ascot Resources. In 1991 a five-hole, 1,003m drill program was completed, with three holes totaling 1,535m completed in 1992.

Since acquiring the initial claims on the property in 2002, Eagle Plains has completed an extensive compilation of all existing data, followed in 2006 by a 125 line-km helicopter-borne time-domain geophysical survey flown at 200m spacing. Additional claims were added to the property position as they became available through staking. Systematic geochemical, geological and geophysical programs were conducted by Eagle Plains and its partners from 2011-2019.

Project execution will be carried out by TerraLogic Exploration Inc. of Cranbrook (a wholly owned subsidiary of Eagle Plains) under the supervision of Kerry Bates. Overall project supervision will be the responsibility of C.C. Downie, P.Geo., a Director of Eagle Plains Resources Ltd., hereby identified as the "Qualified Person", or "Q.P." as per N.I. 43-101 requirements. Mr. Downie has reviewed and approved the scientific and technical disclosure in this news release. Drilling services have been contracted to Corewest Drilling and downhole geophysical work has been contracted to SJ Geophysics of Delta, BC.

Incentive Options Granted

Eagle Plains has granted incentive stock options to directors, employees and key consultants of the Company for the purchase of a total of 2,600,000 shares at an exercise price of $.20 per share, expiring May 29th, 2025, pursuant to the Company's current option plan (subject to regulatory approvals).

About Eagle Plains Resources

Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Managements' current focus is to preserve its treasury while advancing its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Since 2012, Eagle Plains has added to its portfolio a number of new projects exceeding 130,000 ha targeting mainly gold, uranium and base-metals in Saskatchewan, a highly-prospective mining jurisdiction which was recently recognized by the Fraser Institute as one of the top 3 jurisdictions in the world in terms of Investment Attractiveness. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.

Expenditures from 2011-2019 on Eagle Plains-related projects exceed $20M, most of which was funded by third-party partners. This exploration work resulted in approximately 30,000 m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.

On behalf of the Board of Directors

"Tim J. Termuende"
President and CEO

For further information on EPL, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at http://www.eagleplains.com

Cautionary Note Regarding Forward-Looking Statements

Neither the 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 contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE: Eagle Plains Resources Ltd.

ReleaseID: 591868

Love Hemp Appoints UK Brand & Creative Consultancy, Propaganda, to Support Growth

LONDON, UK / ACCESSWIRE / May 29, 2020 / World High Life Plc (AQSE:LIFE)(OTCQB:WRHLF) is pleased to announce that its wholly owned subsidiary, Love Hemp Ltd ("Love Hemp"), has appointed Brand & Creative Consultancy, Propaganda, as its marketing agency of record.

Love Hemp was established in 2015 after two London entrepreneurs, Tony Calamita and Thomas Rowland, spotted a gap in the market for a high quality and innovative CBD brand. It has now grown to provide over 40 products and 1,200 listings.

As part of the scope of work previously referenced, Propaganda is supporting Love Hemp in developing a brand strategy to position the business for sustainable growth, in what the Board believes is a rapidly expanding and increasingly cluttered market. Propaganda has conducted a review of the brand and market needs through its rigorous Brand DiscoveryTM process and defined a specific brand proposition that will shape the future of Love Hemp.

The Board believes that this partnership is incredibly important given that, in the weeks since the World Health Organisation declared the COVID-19 outbreak a global pandemic, the retail space has completely evolved. Both brands and retailers have had to adapt to government restrictions which has resulted in a significant shift in consumer shopping behaviours. Overall, Propaganda has worked with Love Hemp to develop a twofold plan encompassing growing Love Hemp's digital estate while government restrictions are in place, to support the growth that has already occurred, along with a long term growth plan to be implemented when the retail climate is right.

Tony Calamita, CEO, Love Hemp says: "The CBD sector is developing at a tremendous pace. Right from the start our goal was to be a disrupter in the industry and create a leading range of trusted CBD products. We believe that Propaganda, and their ability to challenge, will support us in driving our brand to the next level."

Julian Horberry, Planning Director at Propaganda adds: "We're excited to be working with Love Hemp to create a leading brand of distinction. Given the challenging business circumstances, Love Hemp's shift to the expansion of their e-commerce offering has enabled them to continue to engage with their customers whilst continuing to innovate and respond to evolving consumer demands. We intend to fully harness the incredible ambition and backing of this client to disrupt the market and capitalise on the opportunity for growth."

For further information please contact:

David Stadnyk
Founder & CEO
World High Life PLC
North America toll-free, 1 (888) 616-WRHLF (9745)
+44 (0) 7926 397 675
info@worldhighlife.uk

 

 
 

AQSE Corporate Adviser

Mark Anwyl/Allie Feuerlein
Peterhouse Capital Limited
+44 (0) 20 7469 0930
ma@peterhousecap.com
af@peterhousecap.com

Financial PR

Camilla Horsfall/Megan Ray
Blytheweigh
+44 (0) 20 7138 3224
Camilla.horsfall@blytheweigh.com
Megan.Ray@blytheweigh.com

For more information on World High Life please visit: www.worldhighlife.uk

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Cautionary Note Regarding Forward Looking Information

We seek safe harbour. Some statements contained in this news release are "forward looking information" within the meaning of securities laws. Forward looking information include, but are not limited to, statements regarding the use of proceeds of the non-brokered private placement and payment of the debt settlements. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases (including negative or grammatical variations) or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Investors are cautioned that forward-looking information is inherently uncertain and involves risks, assumptions and uncertainties that could cause actual results to differ materially. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forward-looking information contained in this press release constitutes management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received. We do not undertake to update any estimate at any particular time or in response to any particular event, except as required by law.

SOURCE: World High Life PLC

ReleaseID: 591877

Tecogen to Transition Listing of Shares to OTC Markets

WALTHAM, MA / ACCESSWIRE / May 29, 2020 / Tecogen Inc. (NASDAQ:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, today notified The Nasdaq Stock Market LLC that Tecogen is voluntarily de-listing its shares of common stock from The Nasdaq Stock Market LLC's Capital Market and de-registering its shares under Section 12(b) of the Securities Exchange Act of 1934. The Company intends for its shares of common stock to be quoted on the OTC Markets Group Inc.'s OTCQX Best Market.

Tecogen has identified cost savings opportunities associated with moving the company's listing to OTC Markets, including reduced annual maintenance fees and potential reductions in the costs and management attention required in connection with certain compliance matters.

"Tecogen made the decision to transition its listing from NASDAQ to OTC Markets following a review of highly erratic trading in the company's shares beginning in May including significant volume increases, share price declines, and extremely low closing bid prices consistently submitted at the end of each trading day, resulting in potential difficulty in satisfying NASDAQ's closing bid price listing requirement," stated John Hatsopoulos, Tecogen's Lead Director. Mr. Hatsopoulos also noted that, "Tecogen will continue to provide all required disclosures to provide transparency regarding the company and its business and we believe that trading on OTC Markets will provide adequate liquidity for trading of Tecogen shares at less cost to the company."

About Tecogen

Tecogen Inc. designs, manufactures, sells, installs and maintains high efficiency, ultra-clean, cogeneration products including combined heat and power, air conditioning systems and high-efficiency water heaters for residential, commercial, recreational and industrial use. The company provides cost efficient, environmentally friendly and reliable products for energy production that, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint.

In business for over 35 years, Tecogen has shipped more than 3,000 units, supported by an established network of engineering, sales and service personnel across the United States. For more information, please visit www.tecogen.com or contact us for a free Site Assessment.

Tecogen, InVerde e+, Ilios, Tecochill, and Ultera are registered or pending trademarks of Tecogen Inc.

Forward Looking Statements

This press release contains "forward-looking statements" which may describe strategies, goals, outlooks or other non-historical matters, or projected revenues, income, returns or other financial measures, that may include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," "target," "potential," "will," "should," "could," "likely" or "may" and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements.

In addition to those factors described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q under "Risk Factors," among the factors that could cause actual results to differ materially from past and projected future results are the following: fluctuations in demand for our products and services, competing technological developments, issues relating to research and development, the availability of incentives, rebates and tax benefits relating to our products and services, changes in the regulatory environment relating to our products and services, integration of acquired business operations and the ability to obtain financing on favorable terms to fund existing operations and anticipated growth.

Tecogen Media & Investor Relations Contact Information:

Benjamin Locke, CEO
P: (781) 466-6402
E: Benjamin.Locke@Tecogen.com

SOURCE: Tecogen, Inc.

ReleaseID: 591938

LAWSUITS FILED AGAINST ZM, GSX and IQ – JAKUBOWITZ LAW PURSUES SHAREHOLDERS CLAIMS

NEW YORK, NY / ACCESSWIRE / May 29, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Zoom Video Communications, Inc. (NASDAQ:ZM)

CONTACT JAKUBOWITZ ABOUT ZM:
https://claimyourloss.com/securities/zoom-video-communications-inc-loss-submission-form/?id=6999&from=1

Class Period : April 18, 2019 – April 6, 2020

Lead Plaintiff Deadline : June 8, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Zoom had inadequate data privacy and security measures; (ii) contrary to Zoom's assertions, the Company's video communications service was not end-to-end encrypted; (iii) as a result of all the foregoing, users of Zoom's communications services were at an increased risk of having their personal information accessed by unauthorized parties, including Facebook; (iv) usage of the Company's video communications services was foreseeably likely to decline when the foregoing facts came to light; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

GSX Techedu Inc. (NYSE:GSX)

CONTACT JAKUBOWITZ ABOUT GSX:
https://claimyourloss.com/securities/gsx-techedu-inc-loss-submission-form/?id=6999&from=1

Class Period : June 6, 2019 – April 13, 2020

Lead Plaintiff Deadline : June 16, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) GSX overstated its profitability, revenue, student enrollment figures, teacher qualifications, and teacher selection process; (ii) the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Company's financial results; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

iQIYI, Inc. (NASDAQ:IQ)

CONTACT JAKUBOWITZ ABOUT IQ:
https://claimyourloss.com/securities/iqiyi-inc-loss-submission-form/?id=6999&from=1

The IQ lawsuit is on behalf of persons and entities other than Defendants that purchased or otherwise acquired: (a) iQIYI American Depository Shares pursuant and/or traceable to the Company's initial public offering conducted on or about March 29, 2018; or (b) iQIYI securities between March 29, 2018, and April 7, 2020.

Lead Plaintiff Deadline : June 15, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) iQIYI inflated its revenue figures; (2) iQIYI inflated its user numbers; (3) iQIYI inflated its expenses to cover up other fraud; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law

ReleaseID: 591939

Sparta Announces Delayed Filing of Interim Financial Documents Pursuant to Temporary Relief Granted by Regulators due to COVID-19

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

CALGARY, AB / ACCESSWIRE / May 29, 2020 / Sparta Capital Ltd. (TSXV:SAY) (the "Corporation" or "Sparta") today announced that it will be delaying the filing and delivery of its second quarter interim financial statements and management's discussion and analysis (the "Interim Financial Documents"), for the period ended March 31, 2020, due to logistics and delays caused by the COVID-19 pandemic.

Sparta is relying on the temporary blanket relief for market participants from certain regulatory filings published by Canadian securities regulators on March 23, 2020 as a result of the COVID-19 pandemic, which allows for the delay in the filing of its Interim Financial Documents required pursuant to National Instrument 51-102 Continuous Disclosure Obligations and the filing of the related certifications (collectively, the "Required Filings"). In response to the COVID-19 pandemic, securities regulatory authorities in Canada have granted this blanket exemption allowing the Corporation an additional 45 days to complete its regulatory filings.

The Corporation estimates that its second quarter documents will be available for filing at its earliest opportunity, which is expected to occur on or before June 8, 2020. Pursuant to the Required Filings, the Corporation's management and other insiders are subject to a trading blackout, until such time as the Required Filings are filed.

There have been no material business developments since the date of the last Required Filings, filed on March 2, 2020; however, the Corporation has issued news releases subsequent to March 2, 2020, including an announcement on May 27, 2020 in which the Corporation announced a proposed Private Placement that indicates the Corporation is looking to issue up to 10,000,000 units ("Units") of the Corporation at a price of $0.025 per Unit for gross proceeds of up to $250,000.00. Copies of this and all other releases are available on SEDAR at www.sedar.com.

About Sparta™

Sparta Group is a company that owns or holds a controlling interest in a network of independent businesses that supply energy saving technologies designed to reduce energy inefficiencies, achieve reduced emissions, and increase operating efficiencies in various industries. Sparta's network of independent businesses provides a wide range of specialized energy capturing, converting, optimizing, and related services to the commercial sector. Sparta provides capital, technical and engineering expertise, legal support, financial and accounting knowledge, strategic planning and other shared services to its independent businesses.

Sparta is a publicly traded company listed on the TSX Venture Exchange Inc. under the symbol "SAY" (TSX.V: SAY). Additional information is available at www.spartagroup.ca or on SEDAR at www.sedar.com.

For further information please contact:

John O'Bireck, President
Email: jobireck@spartagroup.ca
Telephone: (905) 751-8004

Cautionary Statements:

This news release contains "forward-looking information" within the meaning of applicable securities laws. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Corporation can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this news release and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation. In particular, this news release contains forward-looking statements relating to, among other things, statements regarding the estimated date of filing of the Company's Required Filings and involve known and unknown risks which may cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking statements, including: risks that the COVID-19 pandemic and associated consequences will result in additional delays in the preparation of the Company's Required Filings and other factors beyond the Company's control.

All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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.

SOURCE: Sparta Capital Ltd.

ReleaseID: 591941

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Ryder System (R) Shareholders: Company Sued for Overstating Trucking Fleet Value, Ryder Investors with $100K+ Losses Should Contact the Firm

SAN FRANCISCO, CA / ACCESSWIRE / May 29, 2020 / Hagens Berman urges investors in Ryder System, Inc. (NYSE:R) who have suffered losses in excess of $100,000 to submit their losses now. A securities fraud class action has been filed and certain investors may have valuable claims.

Class Period: Jul. 23, 2015 – Feb. 13, 2020
Lead Plaintiff Deadline: July 20, 2020
Visit: https://www.hbsslaw.com/investor-fraud/r
Contact An Attorney Now: Ryder@hbsslaw.com
844-916-0895

Ryder System, Inc. (R) Securities Class Action:

The Complaint alleges that throughout the Class Period, Defendants misled investors by overstating Ryder's financial results. According to the Complaint, Defendants assigned grossly overstated residual values to Ryder's trucking fleet, which allowed the company to record smaller-than-required depreciation expenses and, in turn, artificially inflate the company's reported earnings.

Investors began to learn the truth through a series of partial disclosures beginning on July 30, 2019, when Ryder drastically reduced its FY 2019 earnings forecast, blaming weaker valuations of the company's tractors.

Then, on Oct. 29, 2019, the company significantly lowered the residual values for all its vehicles and recorded a $177 million depreciation expense, explaining that "management concluded that our residual value estimates likely exceed the expected future values that would be realized upon the sale of power vehicles in our fleet."

Finally, on Feb. 13, 2020, Defendants disclosed Ryder recorded a total depreciation expense of $357 million for FY 2019, and that it expected to record an additional depreciation expense of $275 million during FY 2020 due to additional reductions of residual values.

In response to each disclosure, the price of Ryder shares sharply fell.

"We're focused on investors' losses and proving Ryder intentionally deceived investors through its accounting gimmickry," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of Ryder and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Ryder should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email Ryder@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:

Reed Kathrein
844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591896

Oxylabs Files Antitrust Claims Against Luminati, Its Investor EMK Capital, and Hola

MARSHALL, TX / ACCESSWIRE / May 29, 2020 / Oxylabs, a leading proxy service and data gathering tools provider, filed antitrust counterclaims against Luminati (Luminati Networks Ltd.), and claims against Luminati's investor EMK Capital LLP and Hola (Hola VPN Ltd. and Hola Networks Ltd.).

The claims asserted by Oxylabs include: violation and conspiracy to violate the antitrust laws of the United States, monopolization and attempted monopolization of the residential proxy marketplace, and the filing of sham patent-infringement lawsuits against competitors.

To promote fair marketplace practices, Oxylabs seek to redress the injuries it has suffered and hold Luminati, EMK Capital, and Hola accountable for their actions.

These antitrust counterclaims and claims are a continuation of Oxylabs' defensive actions and follow the March 5, 2020 lawsuit Oxylabs filed against Luminati and EMK Capital LLP. In that lawsuit, Oxylabs asserted the following claims: unfair competition, false advertising, false patent marking, defamation/business disparagement, tortious interference with prospective business relations, tortious interference with the existing contract, breach of contract, and conspiracy.

Oxylabs will not be intimidated by what we believe are unfair business practices by Luminati, EMK Capital LLP and Hola, and Oxylabs will continue to develop its business successfully. Furthermore, the company will continue to protect its technology and reputation utilizing all available legal remedies.

Finally, Oxylabs will always strive to ensure a fair market in which innovation thrives through legitimate competition, delivering increasingly better products and as much value as possible for its clients.

About Oxylabs

Oxylabs is a leading provider of premium proxies and data scraping solutions for large-scale web data extraction. Our mission – everyone has the right to access big data – and we make sure it's available for all businesses, small and big alike. With unmatched hands-on experience in web data harvesting, Oxylabs is in trusted partnerships with dozens of Fortune 500 companies and global businesses. Oxylabs helps its clients unearth the hidden gems of business intelligence data by not only providing state-of-the-art products but also by sharing our extensive know-how with valued partners.

CONTACT:

Media contact: Vytautas Kirjazovas
Company: Oxylabs
Website: www.oxylabs.io
Phone: +37060054118
Email: press@oxylabs.io

SOURCE: Oxylabs

ReleaseID: 591937

IIOT-OXYS, Inc. Provides Business and SEC Form 10-K Filing Update

CAMBRIDGE, MA / ACCESSWIRE / May 29, 2020 / IIOT-OXYS, Inc. (OTC PINK:ITOX) announced an update on business and their 2019 Annual Report on Form 10-K filing. Cliff Emmons, CEO of IIOT-OXYS, Inc. stated, "IIOT-OXYS, Inc. is committed to keeping its shareholders well informed on the company's business and its SEC filings, specifically the filing of the 2019 Annual Report on Form 10-K."

Due to circumstances stemming from the COVID-19 pandemic, IIOT-OXYS, Inc.'s leadership, legal, accounting, and audit teams determined that the company's 2019 SEC 10-K filing would be delayed beyond the current deadline of May 29, 2020. Mr. Emmons stated, "Our team has targeted mid-June to file, and is doing everything it can to file as early as possible."

"We understand our shareholders have been patient for information since our last filing, so we've included in this press release a list of answers to Frequently Asked Questions (FAQs) from our shareholders," stated Mr. Emmons.

FAQs:

Please provide an update to the Company's business activity since your last filing.

Answer: Due to tight cash flow in Q4 2019 and Q1 2020, the Company focused on its current customers and their ongoing projects. This included successfully completing a pilot program with its Fortune 500 Pharma company, and continuing its bridge monitoring pilot for a New England state's DOT. Since signing a collaboration agreement with Aingura IIoT, S.L. in March 2020, the Company and its partner are preparing combined use cases to renew engagements with all of the Company's earlier prospects. The Company expects to close new business with both its previous customers and prospects throughout forthcoming quarters of 2020.

Please comment on market cap, dilution, and management salary over current management's tenure.

Answer: It is company policy not to directly discuss PPS and market cap, because our management team focuses on executing and growing the Company's business. It should be noted that the stock was and continues to be volatile, both prior to and since current management came on board in mid-2018, and basing the Company's value on market cap is not accurate given that volatility. The Company has warned in its risk factor disclosure of the volatility of its share price. With respect to dilution, we recently disclosed shares issued and outstanding in a recent filing on Form 8-K, and we will continue to keep shareholders informed on this matter. As for management salary, it should be noted that throughout 2019, all management compensation was accrued and the executive team received no pay during that period. Given the tight cash flow and current balance sheet, the entire executive team is contemplating forgiveness of accrued and unpaid salary, which will be formally announced in a Form 8-K, once agreements are entered into.

Please comment on Company communications and its website.

Answer: As noted above, tight cash flow in Q4 2019 and Q1 2020 made it difficult to issue Press Releases. We've been addressing the more pressing issues with our website, for example, updating our contact phone number. Management asks for your patience in addressing your other concerns with our website.

Forward-Looking Statements

This news release contains forward-looking statements that reflect Management's current views about future events and financial performance. Forward-looking statements often contain words such as ''expects,'' ''anticipates,'' ''intends,'' or ''believes.'' Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, our inability to patent products or processes, our infringement of patents held by others, our inability to finance our business and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.

About Us

IIOT-OXYS, Inc. is a technology company at the intersection of IIoT, AI & Machine Learning, Edge Computing and Manufacturing Operations. We provide actionable mission-critical insights for the Medical/Pharmaceutical, Manufacturing, Agriculture, Defense, and Structural Health, and other industries. IIOT-OXYS, Inc. edge computing open-source hardware and proprietary ML algorithms employ our Minimally-Invasive Load Monitoring (MILM) technology to simply gather data and gain insights to monitor, scope, move from preventive to predictive maintenance, and even optimize development and manufacturing processes. For additional information visit www.oxyscorp.com

CONTACT:

Clifford L. Emmons
CEO
IIOT-OXYS, Inc.
contact@oxyscorp.com
www.oxyscorp.com

SOURCE: IIOT-OXYS, Inc.

ReleaseID: 591861