Interview highlights that IEC remains on-track with its drilling plans to significantly increase production this year and activities aimed at expanding its production base

JAKARTA, INDONESIA & DANVILLE, CA / ACCESSWIRE / May 28, 2020 / Indonesia Energy Corporation Limited (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that its President, Frank C. Ingriselli, was interviewed by StockNewsNow.com, a microcap financial news portal that features news and insights from the microcap and emerging growth financial community.

The video interview, published by Stock News Now on May 20, 2020, is available at https://www.youtube.com/watch?v=uQfVt8rdbEo and on IEC's website at https://irdirect.net/indo

Key takeaways from Mr. Ingriselli's interview include the following:

IEC remains on-track with its previously announced plans to significantly increase production this year, notwithstanding current oil prices and COVID-19 concerns.
IEC plans to drill 6 new oil wells at the Kruh Block (IEC's producing asset) in 2020, with the first well expected to be drilled in early third quarter 2020.
Assuming successful completion of the sixth well, IEC expects production output from Kruh Block to more than quadruple over current production from the Kruh Block.
IEC's current production operating costs are below $21.00 per barrel.
IEC plans to commence appraisal activities during 2020 on IEC's one-million acre Citarum natural gas block. In Indonesia, current natural gas prices are approximately 300% higher than in the U.S.

About Indonesia Energy Corporation Limited

Indonesia Energy Corporation Limited (NYSE American:INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC's principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (1,000,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.

Cautionary Statement Regarding Forward-Looking Statements

All statements in this press release and in the presentation referred and linked to herein of Indonesia Energy Corporation Limited ("IEC") and its representatives and partners that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Acts"). In particular, when used in this press release and such presentation, the words "estimates," "believes," "hopes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts, and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of significant risks, uncertainties, and other factors, many of which are outside of the IEC's control, that could cause actual results (including, without limitation, the anticipated results of IEC's 2020 exploration and production activities and the impact of global oil prices and the novel coronavirus outbreak) to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company's registration statement and related prospectus for the IEC's initial public offering filed with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC's website, www.sec.gov. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

Company Contact:

Frank C. Ingriselli
President, Indonesia Energy Corporation Limited
Frank.Ingriselli@Indo-Energy.com

Public Relations Contact:

MJ Clyburn
TraDigital IR
Phone: +1 (212) 389-9782 x 101
clyburn@tradigitalir.com

SOURCE: Indonesia Energy Corporation Limited

ReleaseID: 591679

VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / First Mining Gold Corp. ("First Mining" or the "Company")(TSX:FF)(OTCQX:FFMGF)(FRA:FMG) is pleased to announce the restart of field operations at its 100%-owned Springpole Gold Project ("Springpole") and its 100%-owned Goldlund Gold Project ("Goldlund"), both located in northwestern Ontario, Canada.

At Springpole, field personnel will be remobilized back to site in the first week of June to resume the combined geotechnical-hydrogeological drill program that began in February 2020 to support the Pre-Feasibility Study and the Environmental Impact Statement. Metallurgical testwork is also underway at the SGS laboratory in Lakefield, Ontario, utilizing sample material collected in the 2020 drilling program. Further details on the Springpole 2020 work activities are provided in the Company's news release dated March 31, 2020.

At Goldlund, the Company has recommenced its 2020 drill program, and will be completing a further 1,500 metres of drilling targeting the northeast extensions of Zones 2 and 3 at the Goldlund Main Zone. Sampling and assaying are also scheduled to be completed on eight holes that were drilled prior to the suspension of the drill program due to COVID-19, as samples from these holes had not been cut and shipped to the assay laboratory due to the temporary demobilization of operations at site. Approximately 7,300 metres of drilling has now been completed on the Goldlund Main Zone during the 2019 – 2020 drill program.

First Mining has implemented a COVID-19 risk mitigation policy incorporating recommendations set by the Government of Ontario, to provide health and safety guidance and recommendations to its employees and contractors. All employees and contactors at Springpole and Goldlund will be subject to heightened health and safety standards in accordance with precautions put in place by the Government of Ontario and the Company.

First Mining would like to thank all its employees, contractors and stakeholders for their understanding and support throughout this challenging time. We look forward to a safe and measured approach as we return to work at Springpole and Goldlund. The health and safety of First Mining's workforce, and the communities in which we operate, remains our top priority. First Mining is committed to fully supporting all safety measures recommended by the Ministry of Health in Ontario and the federal Government of Canada in respect of restarting activities at mining project sites.

Pickle Crow Update

First Mining is also pleased to announce the start of drilling at the Pickle Crow Gold Project ("Pickle Crow"). Auteco Minerals Ltd ("Auteco"), First Mining's joint venture partner on Pickle Crow, has commenced a 5,000 metre, maiden diamond drill program targeting shallow, high-grade targets within the top 300 metres that lie outside of historically defined resource areas. Auteco is advancing Pickle Crow and may earn up to an 80% interest in the Company's wholly-owned subsidiary PC Gold Inc., which owns the Project. Further details on the earn-in are provided in First Mining's January 27, 2020 news release, and further details on Auteco's Pickle Crow drill program are provided in their news release from May 27, 2020.

About First Mining Gold Corp.

First Mining Gold Corp. is a Canadian-focused gold exploration and development company advancing a large resource base of 7.4 million ounces of gold in the Measured and Indicated categories and 3.8 million ounces of gold in the Inferred category. First Mining's primary focus is the development and permitting of its Springpole Gold Project and the advanced exploration of its Goldlund Gold Project, both located in northwestern Ontario. Springpole is one of the largest undeveloped gold assets in Canada, with permitting and a Pre-Feasibility Study underway. Goldlund is an advanced exploration stage asset where drilling in 2020 is planned to define both the extension of the existing resource area and to better define the regional scale potential. First Mining's eastern Canadian property portfolio also includes Cameron, Pickle Crow, Hope Brook, Duparquet, Duquesne, and Pitt.

First Mining was created in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp.

ON BEHALF OF FIRST MINING GOLD CORP.

Daniel W. Wilton
Chief Executive Officer and Director

For further information, please contact:

Spiros Cacos | Vice President, Investor Relations
Toll Free: 1.844.306.8827 | Email: info@firstmininggold.com
www.firstmininggold.com

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the remobilization of field personnel to Springpole and the plans to restart the combined geotechnical-hydrogeological drill program at Springpole; (ii) timing of the results of the metallurgical testwork on the sample material collected at Springpole during the 2020 drill program; (iii) the Company's plans to restart its drill program at Goldlund and drill 1,500 metres at Goldlund, targeting the northeast extensions of Zones 2 and 3 at the Goldlund Main Zone; (iv) timing for the receipt of assay results on holes that were drilled at Goldlund but had not been cut or shipped to the assay laboratory prior to the shut down of operations at the project due to COVID-19; (v) Auteco earning up to an 80% interest in PC Gold Inc., one of the Company's wholly-owned subsidiaries; (vi) the Company's primary focus on developing and permitting Springpole and the advanced exploration of its Goldlund Gold Project; and (vii) realizing the value of the Company's gold projects for the Company's shareholders. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, such as COVID-19, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, such as COVID-19, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2019 filed with the Canadian securities regulatory authorities under the Company's SEDAR profile at www.sedar.com, and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR.

First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.

Cautionary Note to United States Investors

This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this news release have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum 2014 Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the SEC, and mineral resource and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term "resource" does not equate to the term "reserves". Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC's disclosure standards normally do not permit the inclusion of information concerning "measured mineral resources", "indicated mineral resources" or "inferred mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Under Canadian rules, estimated "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of an "inferred mineral resource" exists or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of "reserves" are also not the same as those of the SEC, and reserves reported by the Company in compliance with NI 43-101 may not qualify as "reserves" under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

SOURCE: First Mining Gold Corp.

ReleaseID: 591745

Vertically Integrated Cannabis Operator Seeks to Bolster its Infrastructure for Future Growth

PHOENIX, AZ / ACCESSWIRE / May 28, 2020 /  Item 9 Labs Corp. (OTC PINK:INLB) ("Item 9 Labs" or the "Company"), a vertically integrated multi-state cannabis operator producing award-winning cannabis products, announced today that it expects to increase operating staff this year in order to meet rising product demand. These new hires will be across multiple areas of the Company.

Item 9 Labs reported in its second quarter results a 65% year-over-year increase in revenue compared to the second quarter of 2019. As demand continues amidst the national pandemic, the Company is identifying employment opportunities that support long-term growth and meet the ever-growing needs of its patients.

"Seeing so many in our community face hardship and uncertainty strikes a nerve," said Bryce Skalla, Item 9 Labs president. "We're seeking ways to support their overall wellness beyond our products, starting with employment opportunities that provide financial stability for local families."

Over the past two months, many cannabis businesses were able to re-assign their field employees to cultivation departments – both to keep jobs and help with increased orders during the COVID-19 lockdowns. Item 9 Labs CEO Andrew Bowden said, "Rather than shift team members around, we were able to create new job openings and expand our marketing efforts."

The nimble Item 9 Labs team quickly transitioned from in-person to digital-based marketing campaigns, including a 13+ hour Twitch.TV event that featured 18+ performance sets with more than 3,000 views worldwide – a cannabis industry first for Twitch.TV. The popular streaming service typically caters to video gamers and those that watch them compete. This opens up entirely new partnership opportunities for Item 9 Labs, including yoga practitioners, musicians, wellness coaches, food purveyors, and future mainstream sponsorships, among others.

The Company also launched its "Why Cannabis?" campaign this month on LinkedIn to showcase team members driving the brand and their ultimate decision to join the industry. The video series takes a deep personal look into employees' motivating factors, including personal stories of overcoming disease & illnesses and helping friends and family do the same.

In the past year, Item 9 Labs added more than two dozen people to its roster, nearly doubling the existing team with additions to cultivation, marketing, sales, and corporate leadership. A few key hires include Director of Education and Training Fay Powell, bringing six years in the legal cannabis industry to the team, and VP of Marketing Kyle Jennings, whose background includes marketing management positions with Red Bull North America, 5-Hour Energy, KIND Bars, and Sunday Goods & The Pharm, among others.

"I was apprehensive at first to make the jump from traditional consumer product goods into the cannabis space, but after meeting the team and seeing the culture and vision of the brand, I knew it was the right career move," Jennings said. "The team welcomed new, outside-the-box ideas with open arms and, together, we've moved the brand into an exciting direction."

The recent personnel growth primed the Company for increased expansion and brand positioning. By looking beyond typical cannabis marketing channels, Item 9 Labs has fully transitioned from a more traditional medical marijuana business into a true wellness-focused company. This more comprehensive approach better serves patients and the cannabis industry, in general.

About Item 9 Labs Corp:

Item 9 Labs Corp. (OTC PINK:INLB) is a vertically integrated multi-state cannabis operator headquartered in Arizona. The Company creates best-in-class products and canna-business solutions designed to help people become the best versions of themselves. With an award-winning CPG brand and nationally recognized application team, Item 9 Labs improves the cannabis experience while providing transparency, consistency, and well-being for those relying on them. For additional information, please visit: item9labscorp.com.

Forward-Looking Statement:

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including, but not limited to, risks and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, proposed transactions that are not legally binding obligations of the company and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include the introduction of new technology, market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

###

Media Contact:
Item 9 Labs
Kyle Jennings, VP of Marketing
Phone: (518) 265-9217
Email: Kyle@item9labs.com

Investor Contact:
Hayden IR
Brett Mass, Managing Partner
Phone: (646) 536-7331
Email: INLB@haydenir.com

SOURCE: Item 9 Labs Corp.

ReleaseID: 591737

BEIJING, CHINA / ACCESSWIRE / May 28, 2020 / At present, the epidemic situation in China has improved, but it is still serious abroad. Under the catalysis of the epidemic, the short video industry has become the "food for the soul" recently and is undergoing the new opportunities and changes, which also makes the competition among various platforms intensified. Traditional short video platforms are constantly changing to attract users, while other industry platforms have launched short video functions to enrich community content, attract new users, and increase user activity. The purpose is to provide users with more convenient and easy-to-use authoring tools to attract users to produce quality original content.

As a provider of intelligent video and audio solutions, Meishe Network Technology has recently launched a video automatic color correction solution.

With the upgrade of mobile devices, people have higher requirements on the color quality of shooting and watching videos. Generally, in order to ensure the final color quality of the video, professional color correction will be carried out after shooting. People can adjust the video brightness, contrast, color, sharpness, color temperature and other aspects to make up for the video picture quality defects caused by the lack of environment, equipment and experience, as well as to correct the video display effect by modifying and optimizing the non-stylization color palette, so as to improve the image color quality and look and feel.

The original image

Automatic color correction

The latest video automatic color correction algorithm launched by Meishe Network Technology is to analyze the screen content and a variety of key picture quality indicators to intelligently calculate the best parameters of each color matching algorithm, to adjust the one-button drive exposure, saturation, black spots and other parameters. It can quickly complete professional-grade image and video color correction, including HSV and RGB color space adjustment, color suppression, color inversion, exposure control, and tonal separation, without losing the original image details. Interactive adjustment of Gamma, gain, offset, hue, saturation, and contrast can be performed. It can apply the above settings to all channels or independently to R, G and B channels, enabling primary and secondary color correction and achieving multilevel fine color balance in one adjustment.

The advantages of the automatic color correction solution products:

1. Mobile terminal solution:

Designed for mobile terminals, automatic color correction can be completed without network

2. Shooting & editing:

Both shooting and editing can be done in real time

3. Low power consumption:

Minimal resource usage and smooth use on low configuration devices

4. Professional color proofreading:

Broadcasting industry standard, professional adjustment effect

5. Rich functions:

It has 14 parameters covering all aspects of the color correction

6. Manual adjustment:

Not only can the automatic color correction be completed, but also the parameters can be manually adjusted

This solution can be applied to mobile APP, smart phone, smart hardware, radio and television, medical treatment, education, real estate and communication operators and other customers in the whole industry.

At present, the products include video shooting and editing SDK, intelligent editing solution, smart phone solution, face + beauty/sticker solution, cloud editing, virtual anchor, video packaging customized design and other services. Its full process from shooting to editing covers all the current mainstream video gameplay. Has a flexible technical architecture, using multithreading and GPU, CPU cooperative preprocessing mechanism, natural language processing algorithm and other technologies. In China, it has been highly recognized by head customers in various fields such as MIUI, OPPO, VIVO, Cheetah Mobile, Bilibili, Migu, Inke, KEEP, FANG.COM and Little red lip. At present, the products have filled the gap of mobile intelligent audio and video solutions in the overseas market. Now it has provided in-depth technical services with local Internet companies in the United States, South Korea, India, Singapore and other countries, and has been well received by tens of millions of overseas users.

Meishe Network Technology will make use of the advantages of traditional video and audio processing technology to provide developers with more innovative ways to play and imagine, empower more industries, apply to a wider range of scenarios, and achieve cross-platform value in the future.

Company Name: Beijing Meishe Network Technology Co., Ltd.
Person: Miranda
Phone: 0086+15801332014
Email: zhaojing@cdv.com
Website: http://www.meishesdk.com

SOURCE: Beijing Meishe Network Technology Co., Ltd.

ReleaseID: 591780

BOSTON, MA / ACCESSWIRE / May 28, 2020 / Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS), a clinical-stage biotechnology company advancing novel biotherapeutics through its proprietary Anticalin® technology platform for respiratory diseases, cancer, and other indications, announced today that management will present at the Jefferies 2020 Virtual Healthcare Conference on Thursday, June 4, 2020 at 3:30 PM EDT. A webcast of the company's presentation will be available at this link.

About Pieris Pharmaceuticals:

Pieris is a clinical-stage biotechnology company that discovers and develops Anticalin protein-based drugs to target validated disease pathways in a unique and transformative way. Our pipeline includes inhalable Anticalin proteins to treat respiratory diseases and immuno-oncology multi-specifics tailored for the tumor microenvironment. Proprietary to Pieris, Anticalin proteins are a novel class of therapeutics validated in the clinic and by partnerships with leading pharmaceutical companies. Anticalin® is a registered trademark of Pieris. For more information, visit www.pieris.com.

Forward Looking Statements:

This press release contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements. Such forward-looking statements include, among other things, the timing and plans for the phase 2a study of PRS-060/AZD1402; the expected timing and potential outcomes of the reporting by the Company of key clinical data from its programs, references to novel technologies and methods and our business and product development plans, including the advancement of our proprietary and co-development programs into and through the clinic and the expected timing for reporting data, making IND filings or achieving other milestones related to our programs, including PRS-060/AZD1402, PRS-343, PRS-344, and PRS-352 and the expected timing of the initiation of the next stage of PRS-343's development in gastric cancer. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, our ability to raise the additional funding we will need to continue to pursue our business and product development plans; the inherent uncertainties associated with developing new products or technologies and operating as a development stage company; our ability to develop, complete clinical trials for, obtain approvals for and commercialize any of our product candidates, including our ability to recruit and enroll patients in our studies; our ability to address the requests of the FDA; competition in the industry in which we operate; delays or disruptions due to COVID-19; and market conditions. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents we file with the SEC available at www.sec.gov, including without limitation the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and the Company's Quarterly Reports on Form 10-Q.

Investor Relations Contact:

Pieris Pharmaceuticals, Inc.
Maria Kelman
Director of Investor Relations
+1 857 362 9635
kelman@pieris.com

SOURCE: Pieris Pharmaceuticals, Inc.

ReleaseID: 591704

Three 65 kW Microturbines Will Be Deployed in the Permian Basin for a Remote Site

VAN NUYS, CA / ACCESSWIRE / May 28, 2020 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it has received an order for three C65 microturbines for one of the largest oil and gas midstream operators based in North America. Lone Star Power Solutions, Capstone's exclusive distributor in Arizona, Texas and the Gulf States (www.lonestarpowersolutions.com) secured the order, which is expected to be commissioned in summer 2020.

"If you look globally, six of our ten largest installed fleets of Capstone microturbines are oil and gas customers that are using microturbines to provide clean and reliable on-site energy in some of the harshest and remote applications in the world," said Darren Jamison, President and Chief Executive Officer of Capstone Turbine. "Securing additional follow-on orders from one of the largest midstream operators in North America is a significant step in our mission to lower the carbon footprint of companies operating in America's oil fields," added Mr. Jamison.

Capstone microturbines align perfectly with the needs of the oil and gas industry. The stand-alone microturbines will run all-electric power equipment at a remote operation while running on locally available high-pressure natural gas. Capstone microturbines were selected for their low emissions profile, low maintenance, and reliable power generation capabilities in remote locations.

The successful operation of microturbines in the oil and gas sector strengthens Capstone's position in the market as the preferred option for many producers working to lower costs and increase efficiencies in the production process. By utilizing on-site natural gas, oil and gas producers are able to reduce harmful emissions and also lower their operating expenses, which is desirable under today's depressed crude oil prices.

"We are pleased to be able to provide our customers with one of the cleaner and more reliable power generation equipment technologies manufactured today," said Doug Demaret, President of Lone Star Power Solutions. "Additionally, when there is uncertainty in the commodity markets, the extremely low cost of ownership of Capstone Turbine products is a realized benefit for our customers, which creates the potential to lead to repeat orders like we're announcing today," concluded Mr. Demaret.

A recent report from Rystad Energy found that the Permian Basin held 74 percent of the nation's horizontal oil drilling, and continues to increase its share as other basins struggle amid the low-price market brought on by the pandemic. Despite the COVID-19 pandemic, the Permian Basin is emerging as the epicenter of drilling activity.

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, via our direct sales team, as well as our global distribution network. Capstone provides scalable solutions from 30 kWs to 10 MWs that operate on a variety of fuels and are the ideal solution for today's multi-technology distributed power generation projects.

For customers with limited capital or short-term needs, Capstone offers rental systems, for more information contact: rentals@capstoneturbine.com. To date, Capstone has shipped nearly 10,000 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: 591729

VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / Aztec Minerals Corp. (TSXV:AZT)(OTCQB:AZZTF) ("Aztec") announces that it has engaged Commodity-TV and Rohstoff-TV ("C&R-TV") for an initial three month period to assist with Aztec's investor relations activities. Pursuant to an agreement dated May 20, 2020, Aztec will pay C&R-TV €9000 plus expenses. C&R-TV is based in Switzerland and will introduce Aztec to its European investor network by recording, translating, broadcasting and disseminating on its digital platforms Aztec news, articles, interviews and webinars.

"Joey Wilkins"

Joey Wilkins, Chief Executive Officer
Aztec Minerals Corp.

About Aztec Minerals – Aztec is a mineral exploration company focused on the discovery of large gold-copper deposits in the Americas. Our core asset is the prospective Cervantes porphyry gold-copper property in Sonora, Mexico. The historic, district-scale Tombstone properties host both bulk tonnage epithermal gold-silver as well as CRD silver-lead-zinc mineralization in Cochise County, Arizona. Aztec's shares trade on the TSX-V stock exchange (symbol AZT) and on the OTCQB (symbol AZZTF).

Contact Information – For more information, please contact:

Joey Wilkins, President and CEO or Bradford Cooke, Chairman

Tel: (604) 685-9770
Fax: (604) 685-9744
Email: joey@aztecminerals.com

Website: www.aztecminerals.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Statements:

Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur.

These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include matters relating to receipt of regulatory approval. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.

SOURCE: Aztec Minerals Corp.

ReleaseID: 591730

PHOENIX, AZ / ACCESSWIRE / May 28, 2020 / Crexendo, Inc. (OTCQX:CXDO), an award-winning premier provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates, today announced that Crexendo will be presenting at the Little Grapevine's G1 Virtual Microcap Conference.

Doug Gaylor, President and Chief Operating Officer has recorded a presentation which will be available at Little Grapevine™ (www.littlegrapevine.com) beginning May 28, 2020 at 10:30 A.M. Eastern Standard Time.

Register for free at https://littlegrapevine.com/g1-conference-event to be notified when the event is about to begin. No fee is required at any time to join or view the company's Little Grapevine Conference presentation, as it is open to the public.

Accompanying the presentation will be a short executive introduction, as well as a brief Q&A with Mr. Gaylor. A copy of the slides will be available at www.littlegrapevine.com and at the Crexendo website: https://www.crexendo.com/company/investors/.

About Crexendo

Crexendo, Inc. is an award-winning premier provider of UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud business services that are designed to provide enterprise-class cloud services to any size business at affordable monthly rates.

Safe Harbor Statement

This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements.

For a more detailed discussion of risk factors that may affect Crexendo's operations and results, please refer to the company's Form 10-K for the year ended December 31, 2019, and quarterly Form 10-Qs as filed with the SEC. These forward-looking statements speak only as of the date on which such statements are made, and the company undertakes no obligation to update such forward-looking statements, except as required by law.

Contact:

Crexendo, Inc.
Doug Gaylor
President and Chief Operating Officer
602-732-7990
dgaylor@crexendo.com

SOURCE: Crexendo, Inc.

ReleaseID: 591760

SEATTLE WA / ACCESSWIRE / May 28, 2020 / Baristas Coffee Company/Munchie Magic is opening its Tenth new location since Washington State issued a statewide stay at home order on March 23rd, 2020. The newest of the rapidly expanding Munchie Magic virtual restaurants that deliver Ben & Jerry's ice cream and other snack foods through its third-party delivery partners Uber Eats, GrubHub, and DoorDash, serves the cities of Shoreline, Edmonds, WA, and fills in coverage for North Seattle in the Northgate area.

This marks the Tenth new location opened since the order took place. Munchie Magic has been designated as an essential business as it supports the supply of foods and other goods to the consumers who are staying at home. The new "Pick up Point" is in Shoreline, WA, a city in King County, Washington, United States. It is located between the city limits of Seattle and the Snohomish County border, approximately nine miles north of Downtown Seattle.

Barry Henthorn CEO stated: "Shoreline is a very accessible area that will allow us to serve the greater North Seattle area. We are incredibly pleased with how our coverage is expanding yet remaining relatively congruent. This is an exceptionally good location."

The media buys and other cutting edge marketing for the Munchie Magic virtual restaurants designed to deliver Ben and Jerry's ice cream, Baristas Coffee products, and other munchies to homes and businesses throughout America are made possible and are being created via digital media frontrunner ReelTime Media (OTCPK:RLTR) www.reeltime.com whose capabilities are redefining how companies are evaluating and purchasing their TV, radio, print, and other new digital media.

About Ben & Jerry's: Ben & Jerry's is an American company that manufactures ice cream, frozen yogurt, and sorbet. It was founded in 1978 in Burlington, Vermont, and sold in 2000 to British-Dutch conglomerate Unilever. Today it operates globally as a fully owned subsidiary of Unilever. Its present-day headquarters is in South Burlington, Vermont, with its main factory in Waterbury, Vermont.

About Baristas Coffee Company/ Munchie Magic: Baristas is a publicly-traded national Coffee Company that is recognized throughout the US. It is the majority shareholder of Munchie Magic, Inc. which manages the virtual restaurant which delivers Ben & Jerry's ice cream, Baristas Coffee, and other snack foods via third party delivery partners. Baristas currently produces and sells coffee related products under the Baristas brand. The Baristas White Coffee single-serve cups compatible with the Keurig 2.0 brewing system is the bestselling product in its category. Baristas also markets other coffee-related products. Baristas gained mainstream exposure when it became the subject of "Grounded in Seattle" the reality show special feature which aired on WE tv. It has been featured nationally including during Shark Tank on CNBC with Front Montgomery, CNN, ESPN, Food Network, Cosmopolitan Magazine, Forbes Magazine, Modern Living with Kathy Ireland, Sports Illustrated, NFL Monday and Thursday Night Football with Megs McLean, at NASCAR Races, The Grammys, NBA TV, and other notable media.

Contact:

Barry Henthorn
barry@baristas.tv

SOURCE: Baristas Coffee Company Inc.

ReleaseID: 591758

BURLINGTON, ON, CANADA / ACCESSWIRE / May 28, 2020 / Memex Inc. ("Memex" or the "Company") (TSXV:OEE), a leader in Industrial Internet of Things (IIoT) manufacturing productivity software, today released financial and operational highlights for its second quarter 2020 ending March 31, 2020. All results are reported in Canadian dollars. A complete set of March 31, 2020 Consolidated Financial Statements and Management's Discussion & Analysis has been filed at www.sedar.com.

Summary financial highlights for the three-months ended March 31, 2020:

Memex reported revenue of $654 thousand for the three-month period, compared to $709 thousand in the same period a year ago (an 8% decrease);
Bookingsi for the period totaled $682 thousand versus $844 thousand in the year-ago period, a 19% decrease;
Finished the period with $1.22 million in project backlogii, $28 thousand more than at September 30, 2019;
Gross margin was 71.2% for the period compared to 72.3% for the year-ago period;
Cash consumed from operations (before changes in non-cash items) was $212 thousand, $53 thousand less than the same period a year ago;
Net and comprehensive loss for the period was $292 thousand ($0.002 per share), compared to $332 thousand ($0.002 per share) net and comprehensive loss for the same period a year ago; and
$485 thousand working capital deficit and $602 thousand in cash on hand at March 31, 2020, compared to $356 thousand in working capital surplus and $740 thousand in cash at September 30, 2019.

Summary financial highlights for the six-months ended March 31, 2020:

$1.20 million in revenue for the six-month period versus $1.40 million in the year-ago period (a 15% decrease);
Bookingsi totaled $1.41 million versus $1.89 million in the same period a year ago, a 25% decrease;
Gross margin was 66.6% for the period compared to 69.7% for the year-ago period;
Cash consumed from operations in the first two quarters of 2020 (before changes in non-cash items) was $635 thousand, $69 thousand more than the same period a year ago; and
Net and comprehensive loss for the period was $799 thousand ($0.006 per share), compared to $680 thousand ($0.005 per share) for the same period a year ago.

Management commentary:

"Although the COVID-19 pandemic affected the last two weeks of Memex's quarter, we're satisfied with our financial results," said Memex CEO David McPhail. "COVID-19 began to significantly affect Memex's operations around March 16, 2020, when we closed our offices and implemented remote work procedures. We have continued to experience significant interest in our products and services and are supporting our customers and prospects well. However certain sales activities cannot progress due to the closure of the Canada / U.S. border. Further, the COVID-19 infused economy will inevitably make it more challenging for some (prospective) customers to continue to make discretionary spending on products such as MERLIN, or in some cases, just to continue in business themselves. We expect to have more clarity within the next few weeks regarding when we could resume normal business activities."

Selected financial information:

For the

Three-months periods ended

March 31

Six-months periods ended

March 31

(Canadian dollars – in thousands except per share and margin%)

 
2020
 
 
2019
 
 
Change
 
 
2020
 
 
2019
 
 
Change
 

Revenue

 
 
654
 
 
 
709
 
 
 
– 8
%
 
 
1,198
 
 
 
1,402
 
 
 
– 15
%

Bookingsi

 
 
682
 
 
 
844
 
 
 
– 19
%
 
 
1,408
 
 
 
1,886
 
 
 
– 25
%

Gross margin %

 
 
71.2
 
 
 
72.3
 
 
 
– 2
%
 
 
66.6
 
 
 
69.7
 
 
 
– 4
%

Operating expenses

 
 
696
 
 
 
832
 
 
 
– 16
%
 
 
1,473
 
 
 
1,631
 
 
 
– 10
%

Cash utilized in operating activities1

 
 
212
 
 
 
265
 
 
 
– 20
%
 
 
635
 
 
 
566
 
 
 
+ 12
%

Net and comprehensive loss for the period

 
 
292
 
 
 
332
 
 
 
– 12
%
 
 
799
 
 
 
680
 
 
 
+ 18
%

Basic and diluted loss per share – period

 
 
(0.002
)
 
 
(0.002
)
 
 
–
 
 
 
(0.006
)
 
 
(0.005
)
 
 
+ 17
%

Before changes in non-cash working capital balances.

As at

(Canadian dollars – in thousands except WC ratio)

 
March 31,
2020
 
 
September 30, 2019
 

Cash on hand

 
 
602
 
 
 
740
 

Current assets

 
 
1,081
 
 
 
1,901
 

Total assets

 
 
2,016
 
 
 
2,189
 

Current liabilities

 
 
1,566
 
 
 
1,545
 

Working capital surplus (deficit)*

 
 
(485
)
 
 
356
 

Working capital ratio**

 
0.69 to 1
 
 
1.23 to 1
 

Backlogii

 
 
1,217
 
 
 
1,189
 

* Working Capital = current assets – current liabilities
** Working Capital ratio = current assets / current liabilities

About Memex Inc.:

Established in 1992, Memex grew to be an industry leader in Industry Internet of Things (IIoT) through the development of MERLIN Tempus, an award-winning platform that delivers real-time, tangible increases in manufacturing productivity. Memex is on the leading edge of industry trends in computing power, machine connectivity, industry standards, advanced software technology, and manufacturing domain expertise.

Our persistent pursuit of innovative IIoT solutions led to a comprehensive understanding of the challenge's manufacturers face. We made it our mission to, "successfully transform factories of today into factories of the future." As the global leader in Machine to Machine (M2M) connectivity solutions, our hardware and software products create unparalleled visibility at all levels, from "Shop-Floor-to-Top-Floor."

The MERLIN Tempus Suite provides effective quantification and management of Overall Equipment Effectiveness (OEE) by revealing hidden capacity using real-time objective data. Further, it offers sustainable benefits that enable world-class OEE such as reducing costs, incorporating strategies for continuous LEAN improvement, and boosting bottom-line financial performance. For more information, please visit: www.MemexOEE.com

For investor inquiries please contact:

Ed Crymble, Chief Financial Officer
905-635-1540
investor.relations@memexOEE.com

David McPhail, President & CEO
905-635-1540
investor.relations@memexOEE.com

Sean Peasgood, Investor Relations
647-977-9264
sean@sophiccapital.com

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.

i & ii These non-IFRS financial measures are identified, defined and reconciled to their closest IFRS measures, revenue and unearned revenue, within our Management's Discussion and Analysis for the periods ended March 31, 2020 and 2019, in the section "Other Financial Measures." That MD&A is available at www.sedar.com under our company profile.

SOURCE: Memex Inc.

ReleaseID: 591688