VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) ("Organto" or the "Company"), an integrated provider of organic and value-added fruits and vegetables today provided an update on continued operations during the COVID-19 pandemic, forecast record revenues for the second quarter of 2020, plus the status of the Company's postponed filing of its annual financial statements and related flings for the financial year ended December 31, 2019.

Business Operations During COVID-19 Pandemic

Organto's management and operations personnel located in the Netherlands have returned to the office this week, while all other global team members continue to work remotely. The Company's information technology and communication systems continue to operate well, permitting full operational and administrative capabilities from both central and remote locations. Operations in the Netherlands have been relocated to expanded office space to facilitate both business needs and health and safety protocols. Rients van der Wal, Chief Operating Officer, Organto Foods Inc., and Chief Executive Officer, Organto Europe B.V. commented, "I want to welcome our valued Netherlands team back into our new office space, and thank each of them, in addition to all of our colleagues around the globe, for their significant efforts in ensuring our operations continued to operate effectively while all were working remotely."

Demand for healthy and nutritious foods has remained strong throughout key European markets. Our supply chains continue to operate well under difficult circumstances, as governments have prioritized food operations as essential during the pandemic. Organto continues to believe its diverse sourcing and logistics expertise combined with flexible supply chain capabilities has positioned the Company for success, both in the short and longer term. Organto continues to carefully monitor developments and will update stakeholders as new information becomes available.

Second Quarter 2020 Preliminary Revenue Guidance

For the second quarter ended June 30, 2020 Organto expects to realize record second quarter revenues of approximately CDN $2.0 to CDN $2.2[1] million, which would represent the largest quarterly revenues in the history of the Company, and an increase of approximately 3,300% versus the same quarter in the prior year. Second quarter revenues are being driven primarily by sales of avocado, asparagus and other fruits and vegetables, with seasonal ginger and lime sales commencing late in the period. Products are being sold to a diverse customer base of traditional retailers, specialty organic retailers and distributors throughout Europe. Gross profits are also expected to be positive for the quarter and significantly improved versus the prior year. Forecast

results for the second quarter will represent the fourth consecutive quarter of record revenues for the Company, confirming the benefits of the Company's repositioned business model and demonstrating Organto's ability to operate effectively during the COVID-19 crisis. "We are extremely pleased with our forecast revenues and gross profits for the second quarter, which would be the largest quarterly revenues in the history of Organto." commented Steve Bromley, Chair and Interim Chief Executive Officer. "Demand remains strong for healthy and nutritious organic fruits and vegetables and we are looking forward to accelerating the growth of our business with the additional financial resources currently being raised." added Mr. Bromley.

2019 and Q-1 2020 Financial Statements

Organto is also providing an update on the status of the postponed filing of its annual financial statements and accompanying management's discussion and analysis, and related CEO and CFO certifications for the financial year ended December 31, 2019 (the "Financial Reports").

In response to the COVID-19 pandemic, the Canadian Securities Administrators ("CSA") issued a notice on March 18, 2020 stating that securities regulators were providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020. As such the British Columbia Securities Commission ("BCSC") enacted BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements ("BC 51-515").

On April 28, 2020 Organto announced that due to circumstances created by the COVID-19 pandemic, that it would not file its Financial Reports by the scheduled due date of April 29, 2020 as required by National Instrument 51-102. Instead, Organto would utilize the temporary exemption under BC 51-515 to file its financials. Organto is continuing to work with its auditors and is targeting to file its Financial Reports by June 15, 2020.

The Company further announces that filing of its unaudited interim quarterly financial statements and accompanying management's discussion and analysis for the quarter ended March 31, 2020 ("Interim Financial Reports") will be postponed as well due to delays caused by the COVID-19 pandemic. The Interim Financial Reports would ordinarily have been filed on or before June 1, 2020, the required deadline set by NI 51-102. Organto is relying on the exemption provided in BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements ("BC 51-515"), which provides the Company with an additional 45 days to file its Interim Financial Reports, which includes the following continuous disclosure documents:

the Company's unaudited financial statements for the quarter ended March 31, 2020 as required by section 4.4 of NI 51-102; and
the Company's Management's discussion and analysis for the quarter ended March 31, 2020 as required by section 5.1(2) of NI 51-102.

The Company expects to file the Interim Financial Reports no later than July 14, 2020.

Until the Company has filed the Financial Reports and Interim Financial Reports management and other insiders of the Company will be subject to a trading black-out, as described in principle in Section 9 of National Policy 11-207. The Company confirms that since the filing of its interim consolidated financial statements for the period ended September 30, 2019, there have been no material business developments other than those already disclosed through news releases.

ON BEHALF OF THE BOARD

Steve Bromley
Chair and Interim Chief Executive Officer

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 news release.

For more information contact:

Investor Relations
604-634-0970
1-888-818-1364
info@organto.com

ABOUT ORGANTO

Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders. The Organto Foods Group is an integrated provider of year-round value-added branded organic vegetables and seasonal organic and non-GMO fruit and vegetable products using an asset-light business model to serve a growing socially responsible and health conscious consumer around the globe.

FORWARD LOOKING STATEMENTS

This news release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). In particular, and without limitation, this news release contains forward-looking statements respecting Organto's repositioned business model; Organtos's belief that having realized four consecutive quarters of record revenues and positive gross profits demonstrates the benefits of its repositioned business model; Organtos's belief that demand for fresh organic fruits and vegetables continues to grow and demand in European markets remains strong; Organto's belief that their information technology and communication systems continue to operate well; Organto's belief that second quarter revenues will be in the range of CDN $2.0 million to CDN $2.2 million and gross profit will be improved versus the prior year; Organto's belief that the funds raised will allow Organto to accelerate growth of the business; management's beliefs, assumptions and expectations; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto's business model will be implemented; cost increases; dependence on suppliers, partners and contractual counter-parties; changes in the business or prospects of Organto; unforeseen circumstances; risks associated with the organic produce business generally, including inclement weather, unfavorable growing conditions, low crop yields, variations in crop quality, spoilage, import and export laws and similar risks; transportation costs and risks; general business and economic conditions; ongoing relations with distributors, customers, employees, suppliers, consultants, contractors and partners and joint venturers; and risks associated with cannabis operations and receipt of required licenses in Colombia. The foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by law.

SOURCE: Organto Foods Inc.

ReleaseID: 591748

WESTMINSTER, CA / ACCESSWIRE / May 28, 2020 / BioLargo, Inc. (OTCQB:BLGO), developer of sustainable technologies and a full-service environmental engineering company, announced that it has been awarded a new US patent covering its innovative water treatment technology the Advanced Oxidation System (AOS), designed and manufactured by BioLargo's subsidiary BioLargo Water, Inc. The AOS works by generating highly reactive iodine compounds which destroy water contaminants inside the AOS, while emitting safe, clean water. Compared to many competing technologies, the AOS costs less to install and operate, eliminates certain water contaminants existing systems cannot, and requires less electricity to treat water to enable safe water discharge and/or reuse.

The new patent – US 10,654,731 B2 – grants broader coverage (meaning it has fewer specific limitations) of the AOS and its components than previous patents covering the AOS, thereby providing greater intellectual property protection to the company as it works to begin commercial trials for the AOS technology and develops strategic commercial partnerships.

BioLargo Water President Dr. Richard Smith commented, "This patent was issued at a critical time, as we are hard at work establishing the first commercial trials for the AOS technology, after which we hope to achieve initial sales. With broad, secure intellectual property protection, we can launch this powerful and innovative technology without significant concern about competitors copying our designs. This is a great day for BioLargo and BioLargo Water, and we are proud of our team members who made this possible."

BioLargo Water currently has a crowdfunding opportunity open. To learn more about this opportunity to invest in BioLargo Water, go to www.waterworksfund.com.

About BioLargo, Inc.

BioLargo, Inc. is an innovator of technology-based products and environmental engineering solutions provider driven by a mission to "make life better". We feature unique disruptive solutions to deliver clean air, clean water and a clean, safe environment (www.biolargo.com). Our engineering division features experienced professional engineers dedicated to integrity, reliability, and environmental stewardship (www.biolargoengineering.com). Our industrial odor control division, Odor-No-More (www.odornomore.com) features CupriDyne Clean Industrial Odor Eliminator (www.cupridyne.com), which eliminates the odor-causing compounds and VOCs rather than masking them, and is now winning over leading companies in the solid waste handling and wastewater industries and other industries that contend with malodors and VOCs. Our subsidiary BioLargo Water (www.biolargowater.ca) develops the Advanced Oxidation System "AOS," a disruptive industrial water treatment technology designed to eliminate waterborne pathogens and recalcitrant contaminants with better energy-efficiency and lower operational costs than incumbent technologies. We are a minority stockholder of and licensor to our subsidiary Clyra Medical (www.clyramedical.com), which features effective and gentle solutions for chronic infected wounds to promote infection control and regenerative tissue therapy.

About BioLargo Water

BioLargo Water, Inc. is an Alberta-based Canadian corporation headquartered at Agri-Food Discovery Place located on campus at the University of Alberta in Edmonton. BioLargo Water, Inc. developed and is commercializing the Advanced Oxidation System (AOS), a patented and proprietary technology aimed at providing cost- and energy-efficient treatment of water and wastewater to enable practical and affordable safe discharge and reuse of diverse water sources. Learn more at www.biolargowater.com. BioLargo Water, Inc. is a subsidiary of BioLargo Water Investment Group, Inc. (BWIG), which a subsidiary of BioLargo, Inc. (www.biolargo.com), an innovator of technology-based products and environmental engineering solutions provider driven by a mission to "make life better". BioLargo features unique disruptive solutions to deliver clean air, clean water and a clean, safe environment.

Contact Information

Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863

Safe Harbor Act

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

SOURCE: BioLargo, Inc.

ReleaseID: 591732

ATWEC introduces its new technology of Child Reminder and Cloud-Based Systems

MEMPHIS,TN / ACCESSWIRE / May 28, 2020 / ATWEC Technologies (OTC PINK:ATWT) a global leader in the child safety industry is pleased to announce its plans to start delivery of its 4th generation of child reminder and management systems for the ever-growing child transportation and safety industry. These new systems will include cloud-based technology designed to produce electronic records of a daily bus or van's student location while travelling to and from the facility.

"We are excited about delivering our fourth generation of the Kiddie Voice Reminder system branded as the KV-4 and introducing our new cloud-based technology to the world," said ATWEC Corporate Secretary, Darnell Stitts. "ATWEC has coined its new KV-4 technology integration as LOGGING. The primary objective of this first of its kind technology platform is to note or log a student rider onto the school vehicle therefore identifying where a student is located while being transported."

The new KiddieVoice child reminder system known as the KV-4 is designed with a new look and updated reset technology. The installation of the KV-4 system is easy to fit and less time consuming when installing into the vehicle. The new reset technology has been expanded beyond a push button or key switch to now include hand wave signal detection which utilizes Radio Frequency Identification ("RFID") technology. This new approach makes the KV-4 system tamper proof and adds increased durability as there is nothing to break down mechanically.

With laws being passed to mandate these systems throughout the country, ATWEC forecasts a delivery of 10,000 KV-4 units by year end, with projected revenues of over $3,000,000. Seven states have already adopted these mandates with more states to follow to ensure child safety on vans and buses. Marketing plans are now being utilized to further increase sales as more states continue to mandate this technology. Seven states have already adopted these mandates with more states expected to follow to ensure child safety on vans and buses.

ATWEC has two pilot programs in place for our KV-4 system. The system is scheduled to be installed at the Arrowhead Christian Academy in College Park, Georgia and Kids Childcare in West Memphis, Arkansas for testing and evaluation of its operations. These systems will be evaluated over a 30-day period before mass production is expected to ramp up.

The ATWEC cloud-based technology will also include as a standard option, TRACKING and GEO-FENCING, with a secondary feature that allows school administrators to locate whether or not a child is actually on the vehicle. However, our focus is on logging a child on the vehicle and notifying the parent and school of the child pickup.

With a monitoring fee of $99.95 per month after installation, the Company projects a steady monthly revenue stream from monitoring services, projected at an annual rate of $6 million.

About ATWEC Technologies, Inc. (OTC PINK:ATWT)

ATWEC Technologies, Inc. is a child safety and security technology company, headquartered in Memphis, TN, in business since 1979. ATWT has developed three unique child safety devices which protect children while they are being transported, both to and from schools, events, and homes, and gives parents and administrators ‘peace of mind'. ATWT has been issued patent number 7,646,288, B2 for its KV-3 system by the US patent office, and its business model is associated with legislation designed to mandate these systems for school and other vehicles, on a state-by-state basis. The KV-3 and the Kiddie Alert™ backup systems are currently being sold to customers across the globe. The

Company trades on the OTC Markets under the symbol "ATWT", and the Company's website is www.atwec.com.

NOTE: Certain statements made in this press release are forward looking statements within the scope of the Private Securities Act of 1995. Such statements involve known and unknown risks. Uncertainties and other mitigating factors may influence desired outcomes. Such risks, uncertainties and/or other mitigating factors include but are not limited to new economic conditions, risks associated in product development, market acceptance of new products and continuing product demand, level of competition and other factors both known and unknown as described within this Company's reports and other filings with appropriate regulatory agencies.

Contact:

ATWEC Technologies, Inc.
901-690-2471
901-289-2621 admin@atwec.com

SOURCE: ATWEC Technologies, Inc.

ReleaseID: 591755

Company Evaluating New Lubrizol Electrolyte that Would Bring Reliability and Scale to Margaret Lake's Vanadium Battery Solutions

VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / Margaret Lake Diamonds Inc. (TSXV:DIA)(FRA:M85)(OTC PINK:DDIAF) is pleased to announce as part of its efforts to accelerate reliable energy storage through vanadium redox flow batteries (VFRB), the company will soon begin testing a new vanadium electrolyte from The Lubrizol Corporation.

This electrolyte is essential in holding energy and electricity inside the battery, but it has typically been available only through non-domestic sources, carrying significant transportation costs, tariffs and time-intensive handling processes.

Margaret Lake's VFRBs provide value for both utilities and commercial business. For utilities, the batteries bring reliable energy storage, ensuring energy that is generated is captured and not wasted, reducing the strain on the power grid by dispersing energy from renewable sources. For businesses, the battery allows the capture of energy when it is more affordable or available, enabling not only a sustainable power source but cost savings by supplementing traditional energy sources.

Vanadium Electrolyte

The Vanadium electrolyte is core to the VFRB, and the unique physical characteristics of vanadium are the primary reason behind the batteries' high level of consistency and performance, lack of degradation over time, and long life compared with lithium ion batteries. The electrolyte makes up 35% of the cost of the VFRB for four hours of energy storage and 50% for eight hours of energy storage, making U.S.-based supply partners critical in enabling affordable VFRBs for U.S. installations.

Battery Design

The Company's proprietary Vanadium Flow Battery has been developed, tested and is patent-protected. The flow battery design allows for limitation of storage only based on the capacity of the electrolyte tanks versus the fixed capacity of lithium-ion. The battery is non-flammable and non-explosive. There is no degradation as a result of cycling, partial charging, or time with a 100% depth of discharge and projected lifetime of 20 years. Battery efficiency is currently rated at up to 80%. The battery is scalable into the MW-range through simple parallel connection of multiple units. The systems are shipped in self-contained weatherproof and securely protected housing. The systems can be managed and maintained by remote or online maintenance through intelligent battery management. Temperature management and climate-controlled containers eliminate weather impact on energy efficiency. The systems are designed for indoor or containerized deployment in twenty- or forty-foot containers. The 40-foot design has a capacity of 50kW output, 200kWh storage (Figure 1).

Figure 1 – 40Ft Container Format

Figure 2 – Cell Stack

Grid Scale Mass Storage

Designs have been completed for a 3.6MW output / 14.4kWh-28.8kWh energy storage system to meet the growing demand for grid scale and renewables applications. There are a variety of applications to support both renewables and existing infrastructure, as well as energy security.

Placing batteries at substations or near high-demand areas reduces need for new infrastructure, such as transmission lines, substation capacity, and traditional power plants or hydro dams. The power is often wasted in the night only for a lack of battery capacity. Grid scale energy storage systems allow for charging at night during very low demand times (off peak) and release that energy during the day during peak demand, reducing the need for new transmission lines or power plants. This both increases overall efficiency and provides backup/standby power for energy security and a robust and efficient energy infrastructure. The same concept may be applied to time of day load shifting for renewables.

Factory

Margaret Lake is in commercial negotiations for a U.S. factory site in the North East. Factory blueprint, process flow, equipment and personnel requirements have been completed for a three-phase construction of a Vanadium Flow Battery Factory with an initial Phase I annual output capacity of 50MW and 200MWh of storage. The factory is a joint venture between Margaret Lake and KORID Energy of Korea; KORID is partially owned by DST Inc. (KOSDAQ: 033430) a factory automation and process equipment manufacturer serving the automobile, food processing, mining and energy storage industries.

Remarks regarding the Joint Venture by Former Maine Secretary of Energy John Kerry and former New York Governor George Pataki are available at https://youtu.be/KIre7TMNb5k.

Margaret Lake Diamonds

Margaret Lake Diamonds Inc. (TSX.V: DIA) is a Canadian technology and mineral exploration company focused on construction of Vanadium Redox Flow Battery Factory in the United States and Vanadium Exploration Globally. The Company continues to maintain an interest in the Diagras Diamond property located approximately 50km from the Diavik and Ekati Diamond Mines in the Northwest Territories of Canada.

Contact Information

Jared Lazerson
President and CEO
jared@margaretlakediamonds.com
Web: www.margaretlakediamonds.com

System Integrators Contact

Neil Foran
CFO
neil@margaretlakediamonds.com

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

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

SOURCE: Margaret Lake Diamonds Inc.

ReleaseID: 591754

SAN FRANCISCO, CA / ACCESSWIRE / May 28, 2020 / OpenClear today announced its automated point-of-entry medical test verification platform that integrates with multiple FDA-approved testing operators to provide a quick and easy COVID-19 screening solution.

OpenClear goes beyond the contact tracing initiatives announced by Apple and Google, helping to solve screening problems inherent in restarting the economy while slowing viral spread. Ongoing public fear of COVID-19 will hamper the restart of any business where people gather. However, companies using OpenClear can eliminate such fears by ensuring all customers who enter their place of business have been screened.

OpenClear is the first and only universal COVID-19 screening solution based on verified medical test results, enabling organizations and businesses to quickly verify an individual's medical test status, vaccination history, and other relevant health data. The platform can integrate test results from multiple testing operators, including private medical test companies, retail laboratory operators, and public health agencies.

The U.S. federal government aims to conduct millions of COVID-19 tests daily by July 2020. With the OpenClear platform, businesses and customers alike can feel confident in safely restarting the economy during this challenging time.

OpenClear is the first platform of its kind to integrate and validate real-time medical test results from multiple testing operators, providing a secure and universal verification solution. At a business point of entry, employees can use any current iPhone or Android device to scan a customer's mobile phone for OpenClear data. The customer's medical and other personal data are kept securely private.

In addition to verified medical test result data, OpenClear can integrate with contact tracing systems to provide a single, universal solution to screen customers and employees. Highly customizable, the platform allows businesses to set their own testing criteria policies based on their organization's specific needs. For example, vaccination records can also be selected as criteria for setting entry requirements.

"This universal screening solution increases customer confidence that individuals and families can safely visit a place of business," said Wendell Brown, cofounder of OpenClear. "Our innovation helps businesses safely restart and expand operations in aviation, hospitality, food, sports, casino, entertainment, manufacturing, and health care sectors during this and future outbreaks."

For more information visit www.openclear.com

About OpenClear

OpenClear is the leading provider of automated point-of-entry medical test verification solutions. Our innovations provide secure solutions for a wide variety of sectors including aviation, hospitality, food, sports, casino, entertainment, manufacturing, and healthcare. For more information or to contact the company visit www.openclear.com.

James Berman
Director, Strategic Communications
(415) 691-6800

###

SOURCE: OpenClear Inc.

ReleaseID: 591773

New research identifies "pay with points" and increased redemption options as key trends in increasing loyalty program customer retention

TORONTO, ON / ACCESSWIRE / May 28, 2020 / New loyalty program customer survey results from Engage People, a global technology provider that redefines the way customers spend loyalty reward points, have uncovered that 75% of customers are more likely to spend loyalty reward points to make a purchase over other payment methods. The findings also indicate 72% of customers actively engage in loyalty programs because of the available redemption options.

To understand key motivations for customer engagement and loyalty, Engage People surveyed more than 2,000 U.S. consumers that are members of credit card loyalty programs, ranging from ages 18 to over 60.

"We've always viewed loyalty points as a valuable form of currency, and our recent survey results confirm that loyalty program members are starting to adopt the same mindset, leading to an increased demand for flexible payment capabilities," said Len Covello, CTO of Engage People. "In addition to having the flexibility to pay with points, consumers are looking for more redemption options so they can buy the things they want. We're proud to have built an extensive retail network that offers more choices for loyalty program members, which helps fuel a meaningful connection between consumers and their financial institutions."

Additional key findings from Engage People's loyalty customer survey include:

72% of customers sign up for loyalty programs to get some value for the spending they are already doing; 6% of customers remain engaged because of the program offers
62% of loyalty members would rather have the ability to use their points on the spot, just like a credit or debit card, rather than receiving a gift card or cashback
33% of loyalty customers indicate lack of engagement is due to the lack of places or options to redeem their program points
Nearly 50% of respondents say ease of spending and redeeming points is the number one reason they actively engage in their current loyalty program

The results of this survey offer an at-a-glance look at the evolution of the loyalty space, as well as a better understanding of consumer appetite for the flexibility to pay with points. These insights paired with Engage People's technology help insurance firms, hotel chains, retailers and financial institutions better serve their customers.

For more information or to download the complete report, visit: www.engagepeople.com/research2020/.

About Engage People

Engage People is a global technology provider that redefines the way customers spend loyalty reward points. Serving as the conduit between banks, retailers and their customers, Engage People allows consumers to make everyday purchases with loyalty points, giving them the flexibility to buy what they want – whenever they choose. By offering pay with points, Engage People unlocks loyalty points that have been accumulated but not spent. Top banks and retailers around the world rely on Engage People for its first-of-its-kind loyalty ecosystem. With headquarters in Toronto, Ontario, Canada and offices in the U.S., Canada and Italy, Engage People has been ranked on Canada's Fastest-Growing Companies list by Canadian Business and PROFIT. For more information visit: www.engagepeople.com.

CONTACT:

Michelle Mead
Caliber Corporate Advisers
michelle@calibercorporate.com
888.550.6385 ext.7

SOURCE: Engage People

ReleaseID: 591640

(All dollar figures are expressed in United States Dollars)

BUENOS AIRES, ARGENTINA / ACCESSWIRE / May 28, 2020 / Centaurus Energy Inc. ("Centaurus" or the "Company") (TSXV:CTA, OTCQX:CTARF) is pleased to announce its financial and operating results for the three months ended March 31, 2020.

Centaurus' CEO David Tawil commented: "We are encouraged by our first-quarter financial results. Sequentially, the company showed improvement; production and revenues are up and costs and expenses are down; and, as a result, netbacks have increased nearly three-fold, from $3.65 to $9.94."

CONFERENCE CALL

The Company will hold an investor conference call to discuss the Company's operating and financial results on Thursday May 28, 2020 at 8:00 a.m. MDT (10:00 a.m. EDT). Analysts and investors are invited to participate using the following dial-in numbers:

Local Dial-in Number: (+1) 416 764 8688

Toll Free Dial-in Number North America: (+1) 888 390 0546

Toll Free Dial-in Number United Kingdom: 0800 652 2435

Toll Free Dial-in Number Argentina: 0800 444 8221

SUMMARY FINANCIAL AND OPERATIONAL RESULTS

Selected information is outlined below and should be read in conjunction with Centaurus' unaudited condensed interim consolidated financial statements for the three months ended March 31, 2020 and the associated management's discussion and analysis ("MD&A"), which are available for review under the Company's profile at www.sedar.com and on the Company's website at www.ctaurus.com

 
Three months ended
 

 
March 31
 

 
2020
 
 
2019
 

Financial – ($000s, except per share amounts)

Oil and gas revenue

 
 
9,195
 
 
 
7,498
 

Funds flow from (used in) continuing operations(1)

 
 
925
 
 
 
(1,031)
 

Per share – basic & diluted(1)

 
 
–
 
 
 
–
 

Net loss from continuing operations

 
 
(2,841)
 
 
 
(626)
 

Per share – basic & diluted(1)

 
 
(0,01)
 
 
 
–
 

Capital expenditures (3)

 
 
5,087
 
 
 
1,145
 

Working capital (deficiency) (1)

 
 
(12,633)
 
 
 
(2,063)
 

EBITDA

 
 
1,295
 
 
 
(1,082)
 

Common shares outstanding – 000s

 
 
544,060
 
 
 
544,060
 

Operating

Average Daily Sales

Crude oil and Ngls – Bbls/d

 
 
2,278
 
 
 
1,585
 

Natural gas – Mcf/d

 
 
1,305
 
 
 
1,547
 

Total – Boe /d

 
 
2,495
 
 
 
1,843
 

Average Sales Prices

Crude oil and Ngls – $/Bbl

 
 
43.16
 
 
 
48.35
 

Natural gas – $/Mcf

 
 
2.09
 
 
 
4.31
 

Total – $/Boe

 
 
40.49
 
 
 
45.21
 

Operating Netbacks(2) – $/Boe

 
 
9.94
 
 
 
3.65
 

(1) This table contains the term "funds flow from continuing operations" and "working capital", which are non-GAAP measures and should not be considered an alternative to, or more meaningful than "cash flows from operating activities" as determined in accordance with International Financial Reporting Standards ("IFRS") as an indicator of the Company's performance. Working capital, funds flow from operations and funds flow from operations per share (basic and diluted) do not have any standardized meanings prescribed by IFRS and may not be comparable with the calculation of similar measures for other entities. Management uses funds flow from continuing operations to analyze operating performance and considers funds flow from continuing operations to be a key measure as it demonstrates the Company's ability to generate the cash necessary to fund future capital investment. The reconciliation between funds flow from continuing operations and cash flows from operating activities can be found in the MD&A. Funds flow from continuing operations per share is calculated using the basic and diluted weighted average number of shares for the period, consistent with the calculations of earnings (loss) per share. Working capital is computed as current assets less current liabilities. Management uses working capital to measure liquidity and to evaluate financial resources.

(2) Operating netback is a non-GAAP measure calculated as the average per boe of the Company's oil and gas sales, less royalties and operating costs.

(3) Includes non-cash additions related to CASE $5,080.

Operations Update

Production

April production was approximately 2,600 barrels of oil equivalent ("boe/d") (90% crude oil).

Short-term oil prices and capital controls

Oil pricing in Argentina is tied to international Brent pricing, and consequently, was affected due to significant commodity price volatility due to the COVID-19 pandemic and potential increased production supply from OPEC and Russia.

As previously announced, Argentina's Government in September announced currency controls aimed at reducing market volatility and containing the impact of fluctuations of financial flows on the economy. The controls remain in place and have required increased communication with customers and suppliers and some increased administrative activities for our finance teams, but the measures do not restrict trade and are not expected in any material way to adversely affect Centaurus' ability to carry out operations in its normal course of business.

On May 19, 2020, the National Executive Branch implemented a series of measures related to the hydrocarbon industry, to mitigate the impact of the drop in international oil prices and in oil demand as a consequence of the Coronavirus pandemic (COVID-19). Decree No. 488/2020 ("Executive Order") sets a reference price for local transactions​ (Barril Criollo). The reference price for "Medanito" crude oil is set on USD 45/bbl ("Reference Price") from May 19 to December 31, 2020 ("Term"). The Reference Price will apply for local crude oil delivery transactions invoiced by oil producing companies and paid by the refiners. This price will be adjusted for each type of crude oil by quality and by port of loading, using the same reference, in accordance with the usual practice in the local market. This price will apply for the calculation of hydrocarbon royalties payable to the oil producing Provinces.

About Centaurus Energy

Centaurus is an independent upstream oil and gas company with both conventional and unconventional oil and gas operations in Argentina. The Company's shares trade on the TSX Venture Exchange under the symbol CTA and on the OTCQX under the symbol CTARF.

For further information please contact:

David Tawil

Chief Executive Officer

email: info@ctaurus.com

phone: (403) 262-1901

Reader Advisories

Forward Looking Information

The information in this news release contains certain forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions. These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control, including: the impact of the COVID-19 pandemic on the Company's business and operations (and the duration of the impacts thereof). the inability of the Company to meet its commitments in Curamhuele or to reach an agreement with the government of the Neuquen Province to revise the commitment schedule, the impact of general economic conditions; industry conditions; changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced; fluctuations in commodity prices and foreign exchange and interest rates; stock market volatility and market valuations; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; uncertainties associated with estimating oil and natural gas reserves, changes in income tax laws or changes in tax laws and incentive programs relating to the oil and gas industry; geological, technical, drilling and processing problems and other difficulties in producing petroleum reserves; and obtaining required approvals of regulatory authorities. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits the Company will derive from them. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The forward-looking statements in this news release are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements. Investors are encouraged to review and consider the additional risk factors set forth in the Company's Annual Information Form, which is available on SEDAR at www.sedar.com.

Non-GAAP Measurements

The Company utilizes certain measurements that do not have a standardized meaning or definition as prescribed by IFRS and therefore may not be comparable with the calculation of similar measures by other entities, including operating netback, funds flow from continuing operations and working capital. Readers are referred to advisories and further discussion on non-GAAP measurements contained in the Company's MD&A. Operating netback is a non‐GAAP measure calculated as the average per boe of the Company's oil and gas sales, less royalties and operating costs. Funds flow from continuing operations per share is calculated using the basic and diluted weighted average number of shares for the period, consistent with the calculations of earnings (loss) per share. Working capital is computed as current assets less current liabilities.

Meaning of Boe

The term "boe" or barrels of oil equivalent may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Additionally, given that the value ratio based on the current price of crude oil, as compared to natural gas, is significantly different from the energy equivalency of 6:1; utilizing a conversion ratio of 6:1 may be misleading as an indication of value.

Well Test Results

Well test results should be considered as preliminary and not necessarily indicative of long-term performance or of ultimate recovery. Neither a pressure transient analysis nor a well-test interpretation has been carried out on the well test data contained herein and therefore the data contained herein should be considered to be preliminary until such analysis or interpretation has been done.

Neither the TSX Venture Exchange nor its Regulation Service 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: Centaurus Energy Inc.

ReleaseID: 591781

Clientless UCaaS solution enables agility, mobility and collaboration for crystal-clear audio and high-definition video communications

NEWARK, NJ / ACCESSWIRE / May 28, 2020 / Phone.com today introduced its enhanced video meetings solution that gives users a high-quality collaboration experience from any device.

Gallery Mode

As millions of workers across the globe have adopted alternative ways of working to help fight the spread of COVID-19, Phone.com has harnessed its industry-leading experience and created the innovative technology needed to support remote work. With high-quality video, messaging, screen and filesharing, Phone.com's updated video meetings service delivers crystal clear communications and seamless collaboration from anywhere at any time on any device.

"For more than 12 years, Phone.com has developed leading-edge, mobile-first communications solutions that help businesses become agile," said CEO and Co-Founder of Phone.com, Ari Rabban. "We've assembled resources and features that ensures businesses remain productive and connected, regardless of their location, and our updated video meetings service reflects these objectives."

With Phone.com HD video conferencing, users can conduct team video meetings, instant message colleagues, as well as share screens and documents with ease. As a clientless offering, anyone can start or join a meeting from their web browser without ever having to download, install or update applications.

"Today's small business users deserve enterprise-grade, omnichannel communications without complexity, the hassle of long-term contracts or exorbitant pricing," added Rabban. "Our customers need unified communications and collaboration services that are as flexible as they are easy to use, so that's what we developed."

For more information visit https://www.phone.com/features/video-conferencing-service/.

About Phone.com

Founded in 2008 by veteran telecommunication entrepreneurs, Phone.com provides more than 30,000 businesses across the U.S and Canada with comprehensive, flexible, and reliable cloud-based communication and collaboration solutions. Phone.com's innovative services, award-winning 24/7 U.S.-based support, coupled with experienced executive leadership and forward-thinking strategic planning, has led to 10 straight years of growth. With over 50 customizable features including audio and video conferencing, call forwarding, voicemail transcription, IVR, vanity and virtual toll-free 800 and local numbers, Phone.com's business VoIP allows you to connect with anyone anywhere at any time.

Phone.com has been recognized by the Inc. 500|5000 as well as Deloitte's Technology Fast 500 for fastest growing private companies. Connect with Phone.com on Facebook, follow us on Twitter, talk to us at 844-746-6312 or visit us at Phone.com.

SOURCE: Phone.com

ReleaseID: 591643

VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / Silver Range Resources Ltd. (TSXV:SNG) ("Silver Range") announces the closing of the second tranche of the private placement announced February 11, 2020. The second tranche consisted of the issuance of 5,225,000 units at a price of $0.08 per unit, for gross proceeds of $418,000. Each unit consisted of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.16 until May 26, 2022, provided that in the event the closing price of Silver Range's shares is $0.20 or greater for a period of ten consecutive trading days subsequent to the expiry of the statutory hold period, Silver Range will have the right to provide all warrant holders with notice that the expiry date for the warrants has been shortened to thirty calendar days from the giving of such notice.

All of the securities issued as part of this second tranche will be subject to a hold period in Canada expiring on September 27, 2020. No finder's fees were paid and an insider, Strategic Metals Ltd., purchased 2,000,000 units for proceeds of $160,000.

Exploration update

In late April, Silver Range conducted a brief sampling program at the Tree River Project. At Tree River, Archean conglomerate hosts gold together with sulphides and carbonaceous material in a setting analogous to that found in the Witwatersrand of South Africa and the Pilbara district in Australia. Sampling by Silver Range at the Main Zone, originally explored by BHP Billiton and Strongbow Exploration returned grab samples up to 114 g/t Au and a chip sample returned 0.20 m @ 540 g/t Au. This zone is exposed intermittently over a strike length of 650 m, is strongly silicified and contains visible gold at the highest-grade exposure. The West Zone is 3.6 km along strike and returned grab samples up to 14.05 g/t Au. The April 2020 sampling consisted of collecting one metre by one metre sawn panel samples in excess of 40 kilograms to obtain a more representative indication of the bulk concentration of gold in bedrock. Samples were collected at the Main and West Zones. Results are pending.

Silver Range has resumed operations in Nevada. Geophysical surveys and trenching are planned at the Loner Property where surface mineralization exposed in old workings returned 1.83 m @ 25.7 g/t Au from the brow of an adit and grab samples up to 16.60 g/t Au. At the East Gold Point Property, geochemical and geophysical surveys together with mapping and sampling are planned to investigate the inferred eastern extension of mineralization mined beneath the town of Gold Point. Reconnaissance work will also be conducted on several new targets.

Interim Financial Statements

Silver Range also announces that as a result of the COVID-19 pandemic, it has experienced delays associated with the limited availability of its internal accountants in connection with the preparation of its interim financial statements and related Management's Discussion and Analysis ("MD &A") for the period ended March 31, 2020. In response to similar issues experienced by other businesses, the Canadian Securities Administrators have granted blanket relief for all market participants, providing up to a 45-day extension for periodic filings normally required to be made on or before May 30, 2020.

In accordance with the blanket relief, Silver Range will delay the filing of its interim financial statements for the period ended March 31, 2020, the MD & A for the corresponding period and related management certifications of interim filings. Silver Range intends to file these documents prior to mid-June under the terms of the 45-day extension announced by the British Columbia Securities Commission under BCI 51-515, dated March 23, 2020. Until such time as the filings are made, Silver Range's management and other insiders are subject to a trading blackout that reflects the principles contained in Section 9 of National Policy 11-207 – Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions.

Other than as disclosed in Silver Range's press releases, there have not been any material business developments since the date on which it filed its annual financial statements and related MD & A for the fiscal year ended December 31, 2019.

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has assembled a portfolio of 45 properties, 8 of which are currently under option to others. Silver Range is actively seeking other joint venture partners to explore the high precious metal targets in its portfolio.

ON BEHALF OF SILVER RANGE RESOURCES LTD.

"Michael A. Power"
President and Chief Executive Officer

For further information concerning Silver Range or its exploration projects please contact:

Investor Inquiries

Richard Drechsler
Vice-President, Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@silverrangeresources.com
http://www.silverrangeresources.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.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

SOURCE: Silver Range Resources Ltd.

ReleaseID: 591660

SEATTLE, WA / ACCESSWIRE / May 28, 2020 / Baristas Coffee Company/Munchie Magic is currently highlighted in a feature in Bev Industry News www.bevindustrynews.com for adding nine new Munchie Magic/Ben & Jerrys' locations set on delivering ice cream, Baristas Coffee, and other snacks through its third party delivery/technology partners Uber Eats, Grub Hub, and DoorDash.

The feature goes on to discuss that "all three of its delivery/technology partners Uber Eats, DoorDash, and GrubHub who facilitate delivery for Baristas Munchie Magic have more than doubled their deliveries and revenues from the partnership month over month." And that," 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 that has seen a surge of activity as consumers are introduced to the new food delivery option." The synopsis can be seen in its entirety at www.bevindustrynews.com

Since the feature came out yesterday citing that Munchie Magic had opened its ninth new location since Washington State issued a statewide stay at home order on March 23rd, 2020, Baristas announced that was opening the tenth location as well this morning.

Barry Henthorn CEO stated: "Baristas Munchie Magic is beginning to get noticed by the industry-specific media that is read by our peers in the industry. To be portrayed so positively in those specialized industry portals aids tremendously in our efforts to spread our Virtual Restaurants. We are off to a very promising beginning for certain, but this is just the beginning for certain. I am very proud of the team that is making all of this possible and it is very rewarding to participate in the growth with them."

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.

Baristas white coffee was featured here by Supermogul Kathy Ireland and international superstar/supermodel Front Montgomery.

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: 591749