NEW YORK, NY / ACCESSWIRE / June 24, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Sorrento Therapeutics, Inc. (NASDAQ:SRNE)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/sorrento-therapeutics-inc-loss-submission-form?prid=7515&wire=1
Lead Plaintiff Deadline: July 27, 2020
Class Period: May 15, 2020 – May 22, 2020

Allegations against SRNE include that: (i) the Company's initial finding of "100% inhibition" in an in vitro virus infection will not necessarily translate to to success or safety in vivo, or in person; (ii) the Company's finding was not a "cure" for COVID-19; and (ii) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Forescout Technologies, Inc. (NASDAQ:FSCT)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/forescout-technologies-inc-loss-submission-form-2?prid=7515&wire=1
Lead Plaintiff Deadline: August 10, 2020
Class Period: February 6, 2020 – May 15, 2020

Allegations against FSCT include that: (1) Forescout was experiencing a significant and disproportionate decline in its financial performance; (2) the foregoing was reasonably likely to have a material negative impact on Forescout's planned acquisition by Advent International Corp.; and (3) as a result of the foregoing, defendants' statements about its business and operations were materially false and misleading at all relevant times.

Enphase Energy, Inc. (NASDAQ:ENPH)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/enphase-energy-inc-loss-submission-form?prid=7515&wire=1
Lead Plaintiff Deadline: August 17, 2020
Class Period: February 26, 2019 – June 17, 2020

Allegations against ENPH include that: (1) its revenues, both U.S. and international, were inflated; (2) the Company engaged in improper deferred revenue accounting practices; (3) the Company's reported base points expansion in gross margins were overstated; and (4) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

ReleaseID: 595052

NEW YORK, NY / ACCESSWIRE / June 24, 2020 / Indigo Books & Music, Inc. (TSX:IDG.TO) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on June 24, 2020 at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit
https://www.investornetwork.com/event/presentation/64416

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company's profile.

About Investor Network

Investor Network (IN) is a financial content community, serving millions of unique investors market information, earnings, commentary and news on what's trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.

SOURCE: Investor Network

ReleaseID: 594572

VANCOUVER, BC / ACCESSWIRE / June 24, 2020 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen") is pleased to announce that it has acquired 3% net smelter royalties covering the Golden Crown property and May Mac Property, and a royalty on material processed in the May Mac (Boundary Falls mill). All the properties are located in the Greenwood mining camp, southern British Columbia.

Photograph of locomotive and mine car at May Mac mine

Golden Crown Royalties

Ximen recently purchased two net smelter royalties (NSR's) from arm's length parties on the Golden Crown property owned by Golden Dawn Minerals Inc. The first is a 3% NSR that was split between two parties on a group of 11 mineral tenures that make up part of the property. The second is a separate 3% NSR on two other mineral claims in the property.

The Golden Crown property to which these royalties apply includes a mineral resource that was disclosed by Golden Dawn in 2017 as follows (see note 1):

Indicted: 163,000 Tonnes, 11.09 grams per tonne gold, 0.56 percent copper,
Inferred: 42,000 Tonnes, 9.04 grams per tonne gold, 0.43 percent copper.

Note 1: Updated Preliminary Economic Assessment on The Greenwood Precious Metals Project, Greenwood, British Columbia, Canada, Effective Date: May 5, 2017, Prepared for Golden Dawn Minerals Inc. By P&E Mining Consultants Inc., filed on SEDAR June 19, 2017.

Photograph of visible gold in Golden Crown drill core, hole 03-CDH-01.

The Golden Crown mineral resources were included in a Preliminary Economic Assessment for mine development and processing at the Greenwood mill, which is also located on the Golden Crown property.

Perspective view of the conceptual mine at the Golden Crown property (see note 1).

May Mac Royalties

Ximen recently purchased a net smelter royalty of 3% that was split between two parties on the May Mac mine property (one mineral claim and two mining leases), as well as an existing royalty consisting of $5 per ton on material processed in the May Mac mill (Boundary Falls mill) from a private entity. This mill was constructed in 1980 as a 100 ton per day (90.7 tonne) gravity-flotation mill to process material from the May Mac (Skomac) mine. Both the mine and the mill have existing permits that can be amended for future use.

The May Mac (Skomac) mine has been worked intermittently since the original Crown Grant (Nonsuch) was staked in 1887. Initially, two tunnels separated by 23 m vertically (No. 1 lower and No. 2 upper) were driven and a small tonnage was produced from a sub-meter wide quartz vein carrying gold. In 1905 the No. 3 level was driven between the No. 1 and 2 adits for a short distance. Between 1962 and 1983, the 4, 5, 6 and 7 levels were developed at successively lower elevations above the first three levels on the Upper Skomac vein, and mining and milling took place. The figure below is a longitudinal section showing the mine levels and an interpretation of where the production was sourced.

Total production from the mine is estimated at 4,228 tonnes, grading 5.35 grams per tonne gold (0.16 ounce per ton Au), 908 g/t silver (26.5 ounce per ton). The initial production (37.3 tonnes) was from the first two mine levels and records indicate a relatively high grade in gold (9.37 ounce per ton). Production thereafter was from the Upper Skomac vein, which contains polymetallic silver, gold, lead zinc and copper mineralization. Data for lead and zinc are incomplete but 49,462 kg lead and 26,243 kg zinc were reportedly produced up to 1977, giving average calculated grades of 2.0% lead and 1.1% zinc. Production of 894 kg copper in 1983 is also recorded (see note 1).

The No. 7 level followed a weakly mineralized vein initially and then drifted off the vein. In 1987, Empire Gold drilled below the No. 6 Level to test the downward extension of the Upper Skomac vein. Fifteen underground holes totaling 450 m were drilled that showed that the Upper Skomac vein dipped more shallowly than previously interpreted. The resulting interpretation was that the No. 7 level had been driven some 45 m into the footwall of the Upper Skomac vein. In 1994, it was recommended that the No. 7 level be extended to test for the vein at this level.

Golden Dawn Minerals Inc. optioned the property and between 2010 and 2012 compiled data, conducted surface geochemical and geophysical surveys and drilled nine holes. In 2015, a second campaign of surface drilling was done that confirmed the known vein structures in the mine and discovered a lower zone of polymetallic silver-gold mineralization. In 2016 and 2017, a total of 3,833 metres was drilled from underground in 31 holes that confirmed the presence of polymetallic silver-gold mineralization in the upper Skomac and parallel veins above and below the end of the No. 7 Level. Additional surface drilling was done in 2016 (1,300 metres in 12 holes) and 2017 (1,886 m in 8 holes) which showed that the vein system extends at least 215 m beyond the termination of the No. 7 drift.

Based on all the information available, Golden Dawn proposed an exploration target for the May Mac consisting of between 150,000 and 250,000 tonnes with a grade range of 100-200 g/t Ag, 1-2 g/t Au, 1-2% Pb and 1-2% Zn.

The reader is cautioned that the potential quantity and grade of this exploration targets is conceptual in nature; there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the targets being delineated as a Mineral Resource (see note 1).

Photo of drill core from May Mac property showing polymetallic silver-gold-lead-zinc mineralization.

Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.

Key points of the transaction include:

1,000,000 Ximen shares paid to two arm's-length vendors;
The transaction is subject to TSX Venture Exchange approval.
The vendors have entered into a voting trust agreement whereby the shares will be voted in favour of management.

Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release.

On behalf of the Board of Directors,

"Christopher R. Anderson"

Christopher R. Anderson,
President, CEO and Director
604 488-3900

Investor Relations:

Sophy Cesar,
604-488-3900,
ir@XimenMiningCorp.com

About Ximen Mining Corp.

Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under a option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. The company has recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

This press release contains certain "forward-looking statements" within the meaning of Canadian securities This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

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

SOURCE: Ximen Mining Corp.

ReleaseID: 595016

VANCOUVER, BC / ACCESSWIRE / June 24, 2020 / Weekend Unlimited Industries Inc. ("Weekend" or the "Company") (CSE:POT)(FSE:0OS2)(OTCQB:WKULF) is pleased to announce the execution of a non-binding Letter of Intent, dated June 21, 2020, to acquire 100% of Ruby Mae's, LLC ("Ruby Mae's) intellectual property, including trademarks, copyrights, trade secrets, inventions and know-how (the "Intellectual Property").

Weekend's brand alliance and licensing agreement with Ruby Mae's announced on September 17th, 2019, accelerated both the WKND! and Orchard Heights market entry and reach in Oklahoma. The proposed acquisition of the Ruby Mae's brand will further accelerate the Weekend's brand recognition within Oklahoma and substantially expand Weekend's lineup of brands, products, and sales.

"The proposed acquisition of the iconic Oklahoma-based brand is a significant milestone for the Company. With a presence in over 350 dispensaries, combining both Ruby Maes and Weekend Unlimited brands will add exceptional traction to our growth in the Oklahoma medical cannabis market," said Chris Backus, CEO of Weekend. "Together we intend to continue the expansion of new innovative products while simultaneously increasing the sales and exposure of our existing portfolio."

Pursuant to the terms of the LOI, the Weekend shall acquire the Intellectual Property in exchange for USD$2,000,000, which shall consist of USD$500,000 in cash and USD$1,500,000 in shares of the Weekend. At closing, Ruby Mae's shall receive USD$200,000 in cash and USD$800,000 of shares with the remaining shares and cash being paid out over a period of 24 months from closing. In addition, the vendors shall be eligible for bonus shares of the Company vesting over a period of two years from closing and based on specific revenue targets being achieved and entry into additional U.S. states. At closing, the Weekend shall enter into a licensing agreement with the vendors for use of the Ruby Mae's brand in consideration for a licensing fee and the Ruby Mae's Co-founders will be granted 2 board seats of Weekend.

During the period from April 1, 2020, to June 18, 2020, Ruby Mae's branded products received purchase orders for in aggregate USD$700,923, generating USD$414,127 in revenue (the difference of $286,796 awaiting delivery) with a gross profit of 33%. Additionally, from April to May 2020, Ruby Mae's demonstrated revenue growth by 74% month-over-month, while increasing gross profit by 63%.

Travis Hunter, CEO, and Founder of Ruby Mae's added, "We believe that the Weekend is the right home for the Ruby Mae's brand at this point in time to go along with the WKND! and Orchard Heights brands. The Weekend will provide the Ruby Mae's brand with the resources and capabilities to rapidly grow the company and will permit the brand to continually and aggressively gain market share in the Oklahoma cannabis market."

The completion of the acquisition remains subject to completion of due diligence and execution of final binding definitive documentation, which is expected to be completed within 30 days of the date of the LOI. There can be no assurances that the completion of the acquisition will occur on the terms set forth above or at all. In accordance with Oklahoma regulations and legislation, neither the Company, nor its subsidiary, shall acquire any interest in regulated inventory or licenses related to the cultivation, manufacture, distribution, or sale of cannabis or cannabis-related products in connection with the transaction. The final terms and conditions of the transaction will be outlined at the execution of an asset purchase agreement and a licensing agreement.

About Ruby Maes

Located in Bixby, Oklahoma, Ruby Mae's is one of Oklahoma's most recognizable cannabis brands. Ruby Mae's products currently include premium, award-winning medical cannabis edibles and pre-rolls. Learn more at https://www.rubymaes.com/

About Weekend Unlimited Industries Inc.

Weekend Unlimited is a lifestyle-based cannabis and CBD wellness company. We are developing and launching premium cannabis and CBD brands to deliver life's highs – any- time, anywhere. Our CBD products are available online and at a retailer near you. Weekend Unlimited is well-positioned to launch and scale the brands that will define cannabis and CBD. Learn more at www.weekendunlimited.com

For further information, please contact:

Mr. Chris Backus, President & CEO, Director Telephone: 1(236) 317-2812
E-mail: IR@weekendunlimited.com

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

Forward Looking Statements

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

SOURCE: Weekend Unlimited Industries Inc.

ReleaseID: 595018

Universal Media Group Inc. (OTC:UMGP) Develops A Unique Weekly Podcast

BOCA RATON, FL / ACCESSWIRE / June 24, 2020 / Universal Media Group Inc. (OTC PINK:UMGP), the media company that produces the popular weekly celebrity documentary television series," Before The Fame" will develop a new and exciting weekly podcast that will clearly be differentiated from others. The new video podcast will be hosted by the distinguished television producer and host, Mike Sherman, UFC hall of famer, Suga Rashad Evans and the son of boxing legend Sugar Ray Leonard, Ray Leonard Jr.

All three men are well respected in the world of entertainment. Ray Leonard Jr is the son of boxing legend, Sugar Ray Leonard and is featured in this month's June edition of Courageous magazine.

Ray has become an international motivational speaker and philanthropist like his father. As such, he has mentored the armed forces around the world. Growing up in the height of his father's glorious professional boxing career taught Ray how to effectively deal with the challenges that life brings. He is honored and excited to be part of this new endeavor and cannot wait to get started.

The other host of the show is Suga Rashad Evans, the former winner of the hit television show, The Ultimate Fighter and current UFC Hall of Famer. Rashad is not only both a college and UFC champion but he also is an author as well as a post fight commentator for CBS sports that covers all the UFC matches. Growing up in Niagara Falls, Rashad was faced with many challenges that molded him into the champion that he is today. He will discuss his perspective of life to listeners all around the world.

The third part of the trio is award-wining producer and television host, Mike Sherman. Mike is known for the up rise of hip hop music in the city of Miami in the early 2000's and created a very successful TV show, " On the Mike" which helped launch the careers of some of today's biggest stars in music such as DJ Khaled, Pitbull, Flo Rida, Jason Derulo, Rick Ross and many more. Currently Mike hosts and produces a weekly documentary television series in syndication on broadcast television called, " Before the Fame".

All three men will discuss everything from sports, politics and the issues that arise in today's troubling and erratic times. In a world where podcasts are growing by the millions everyday, companies such as Spotify and Apple Music are constantly looking for the next big podcast. Universal Media Group Inc. will now be a powerful contender and will join forces with fans around the world to create something magical for all genres.

Updates will be forthcoming.

Check your local listings for times and stations at www.beforethefame.tv

About Universal Media Group Inc.:
UMGP is a digital media company that focuses on user-generated music content and a sense of community through its brand "High School Icon" and television program "Before the Fame". It focuses on cutting-edge technology through music, sports and entertainment for engagement with the millennial generation. www.umediagroupinc.com

Contact:
Universal Media Group Inc.
Michael Sherman
ms@umediagroupinc.com
561-908-3333

SOURCE: Universal Media Group Inc.

ReleaseID: 595043

LONDON, UK / ACCESSWIRE / June 24, 2020 / Hemogenyx Pharmaceuticals plc is pleased to announce that its Chairman, Sir Marc Feldmann, has been awarded the 2020 Tang Prize in Biopharmaceutical Science. The Tang Prize in Biopharmaceutical Science recognizes original biopharmaceutical or biomedical research that has led to significant advances towards preventing, diagnosing, and/or treating major human diseases to improve human health.

Sir Marc Feldmann has been awarded the Tang Prize for the development of cytokine-targeting biological therapies for the treatment of inflammatory diseases such as rheumatoid arthritis ("RA"). He was the first to demonstrate that diseased joints in patients suffering from RA have far more tumor necrosis factor ("TNF"), a pro-inflammatory cytokine, than normal. He went on to study the mechanisms of RA and proposed to target TNF for treating RA. He demonstrated that blocking TNF with a specific antibody reduced the inflammation in a mouse model of the disease, opening a path to the development of an anti-TNF antibody for the treatment of RA. Today, anti-TNF antibodies have become a standard therapy for treating RA and a multitude of inflammatory and autoimmune diseases.

For further information on the Tang Prize, please follow this link:

https://www.tang-prize.org/en/first.php

Upon learning of the honour, Dr Vladislav Sandler, CEO & Co-Founder of Hemogenyx Pharmaceuticals, commented: "We are thrilled that Sir Marc's transformative work has been recognized by this prestigious prize and we are fortunate to have such a distinguished scientist as our Chairman and advising the Company on its cutting edge cancer and autoimmune disease research and development."

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation No 596/2014 until the release of this announcement.

Enquiries:

Hemogenyx Pharmaceuticals plc

hemogenyx.com

Dr Vladislav Sandler, Chief Executive Officer & Co-Founder

headquarters@hemogenyx.com

Peter Redmond, Director

SP Angel Corporate Finance LLP

Tel: +44 (0)20 3470 0470

Matthew Johnson, Vadim Alexandre, Soltan Tagiev

Peterhouse Capital Limited

Tel: +44 (0)20 7469 0930

Lucy Williams, Duncan Vasey, Charles Goodfellow

US Media enquiries

Tel: +1 (323) 646-3249

Lowell Goodman

lowell@corbomitecomms.com

About Hemogenyx Pharmaceuticals plc

Hemogenyx Pharmaceuticals plc is a publicly traded company (LSE:HEMO) headquartered in London, with its US operating subsidiaries, Hemogenyx LLC and Immugenyx LLC, located at its state-of-the-art research facility in New York City and a Belgian operating subsidiary, Hemogenyx-Cell SPRL, located in Liège.

Hemogenyx Pharmaceuticals plc is a pre-clinical stage biopharmaceutical group developing new medicines and treatments to treat blood and autoimmune disease and to bring the curative power of bone marrow transplantation to a greater number of patients suffering from otherwise incurable life-threatening diseases. The Company is developing several distinct and complementary product candidates, as well as a platform technology that it uses as an engine for novel product development.

For more than 50 years, bone marrow transplantation has been used to save the lives of patients suffering from blood diseases. The risks of toxicity and death that are associated with bone marrow transplantation, however, have meant that the procedure is restricted to use only as a last resort. Hemogenyx Pharmaceuticals plc's technology has the potential to enable many more patients suffering from devastating blood diseases such as leukemia and lymphoma, as well as severe autoimmune diseases such as multiple sclerosis, aplastic anemia and systemic lupus erythematosus (Lupus), to benefit from bone marrow transplantation.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Hemogenyx Pharmaceuticals PLC

ReleaseID: 595004

CALIFORNIA CITY, CA / ACCESSWIRE / June 24, 2020 / Most people are in agreement with how they view real estate as an investment. It's as simple as buying a house or piece of land to rent for cash flow or sell for profit. Digital real estate works in the same way. Every domain name, Instagram handle, even the followers you accumulate on your social media, your entire online footprint is considered a form of real estate. Digital real estate is a tangible asset you can buy and sell just like a house, apartment or a lot of land.

The future is arriving faster than ever. The acceleration of technological advancements are dictating the methods humans use to interact with each other and in how we assimilate information. Digital real estate is already a lucrative business with influencers and companies generating millions of revenue on a daily basis. It provides both companies and individuals the chance to build a platform, get heard, and above all, make money on the internet. London Summers , Ryan Pownall & Justin Strong the co-founders of Social Giveaways , are delivering all of the above to their clients. The team manages global celebrity marketing campaigns, offering exclusive opportunities to influencers and brands to gain worldwide exposure through organic growth. They increase the value of their clients digital assets.

Most of the world's industries have been disturbed in some way by Covid, but companies supplying demand for social media growth and the advancement of overall online presence have been largely insulated. It may be too early to predict the long term economic effects of the pandemic, in the interim this has been a driving force to move more business online. E-commerce sales will jump 18% this year, according to a new forecast released by eMarketer. The analyst firm estimates retail sales will drop by 10.5% this year. Companies preparing for this change in consumer behavior will thrive in this market's climate. In the words of Mr. Summers: "The value of prime brick and mortar storefronts have lessened steadily for years; it has moved to domains and socials with engagement, that is where the new prime real estate investments are being made, it's why shopify is now Canada's most valuable company."

The managing team noticed a consistent lack of quality services and limited cost effective options for growing one's socials. They seized the opportunity to position Social Giveaways as the go to service to help personal brands and companies transfer to a digital presence. Due to social distancing many businesses had their online presence as their only source of revenue. This pandemic revealed many supply chain weaknesses, distribution inefficiencies in businesses that don't have a robust e-commerce system and fail to implement adaptive marketing strategies. Our phones are fast becoming the baseline of where all cultural influences are shared and it is where all the attention currently is and will indefinitely be found. Each generation is increasingly looking to the internet to satisfy their consumer needs, forced retail closures have expedited this transition. Social Giveaways executive team is betting big on the permanence of this evolution in consumer behavior.

The people buying giveaway sponsor slots are typically higher net worth individuals, doctors, plastic surgeons, brands and businesses. There are many wise entrepreneurs that are already making money on the internet and know the value of what is being offered. They can't get enough online attention and they are willing to pay handsomely for it. Sponsors pay anywhere from $3,000 upwards to $10,000, depending on the numbers of followers they think they will accumulate, how closely their follower demographics align and based on the perceived fame of the celebrity doing the giveaway. This is how Social Giveaways grossed over a quarter million in its first 6 weeks of opening the corporation. The demand outpaced the supply early on, after selling out their first campaign they quickly realized the demand for online attention was only going to increase and they needed to scratch that itch. The subsequent six weeks have seen a 75% increase in revenue, bringinging the company past the seven figure sales mark within the first quarter of operations. They are predicting to conservatively increase revenue by another 35% by the end of their second quarter. Justin explained: "We haven't reached our capacity for campaign output. We have not allowed ourselves to detract any of our focus from our primary revenue stream, there are other services and strategies we will be looking to add to our offering in the near future. We are creating a systems dependent business that will be able to launch turnkey campaigns regardless of the changes in the industry. When starting out you have to be laser focused in your execution, we believe in the concept of essentialism: less, but better. So far it has paid dividends."

I had the pleasure of discussing how important social media is in today's society and how to build your digital footprint with London Summers , Ryan Pownall & Justin Strong from Social Giveaways . Here's what they had to say:

Talk to us about your story?

"Ryan comes from a marketing background, owning the largest Beer Pong festival in the world, along with equity in several other night clubs. Preliminary sales and marketing. London is a Multi-Platinum Music producer / Songwriter who has brought his entertainment industry relationships to deliver talent. Justin Strong came on as the investment wing, adding valuable cash flow and business acumen as he is already a well established entrepreneur. Everyone involved had to tap into their personal and professional relationships to make this launch as effective as it has been."

What is Digital Real Estate?

"Every domain name, Instagram handle, even the followers you accumulate on your social media, your entire online footprint is considered a form of digital real estate. Your Google search results and engagement metrics are how we assess property value in this world. Social Giveaways is selling access to the prime real estate, we got the Boardwalk and Park Place."

How does a typical campaign work?

"A simplified explanation of what Social Giveaways does is we work with influencers, brands, all sizes of businesses and really anyone with an Instagram account that has a need to grow it. We use an online celebrity giveaway to gain our clients a real organic following. The followers to be gained are strategically aligned by consumer adjacency; for example, think famous models and swimwear, cannabis products and Snoop Dogg, medical aestheticians and famous plastic surgeons, etc. This yields better metrics, increases the potential for the follower to transition into a customer and assists in retaining the followers gained. Basically our company specializes in giving you credibility on the internet."

Who are your clients?

"Entrepreneurs buy spots to gain followers in order to sell their courses or ebook," London said. He added, "Models will do it to gain followers to increase engagement and to rationalize charging more for brand deals. Doctors do it for their credibility and to grow their personal brand. Having a powerful online presence is crucial in today's age. Notable names like Dan Bilzerian, Ignite International, Flow water & Four Loko have participated in our giveaways."

Grossing a million dollars in the first four months of any business is impressive, you guys did it during a pandemic. Where can you go from here? What is the future of Social Giveaways?

"We are launching our new website in the fall, at the same time we will announce a new kind of influencer campaign that no one has attempted yet. We will debut a new marketing strategy that will be fairly turnkey for us to implement. A sound infrastructure was our initial focus. Everyday our network increases, our online community has served to streamline our sales process; we are transitioning from vetting thousands of leads to sell out a single campaign, to having a waiting list. By adding more efficiency in our sales funnel we have the freedom to scale up the amount of campaigns we can oversee per month, this also affords us the luxury of launching new services with less risk. Things move very fast online, we don't want to be playing catch up, we have to make calculated yet preemptive moves in our industry. We have a big Tyga campaign coming up this month, we will also be holding our first raise before the end of the year, the future is bright and we are looking forward to it."

London Summers : https://instagram.com/londonsummers

Ryan Pownall : https://instagram.com/itsryanpownall

Justin Strong : https://instagram.com/iamjustinstrong

Rajasi Media
Jigar Saraswat indiandailypost.com
9825899824

SOURCE: Rajasi Media

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