OCEAN SPRINGS, MS / ACCESSWIRE / July 28, 2020 / A new report released last week by the Science Center for Marine Fisheries (SCEMFIS) found that the Bureau of Ocean Energy Management (BOEM) "paid insufficient attention" to the total impact of offshore wind beyond the proposed Vineyard Wind project in its latest environmental report. SCEMFIS researchers also found that BOEM failed to address the scope and scale of offshore wind's impacts on fisheries surveys beyond categorizing them as "major."

BOEM released its supplement to the draft environmental impact statement (SEIS) last month for the Vineyard Wind project off the coast of Massachusetts. The SEIS sought to analyze the cumulative impacts of every reasonably foreseeable offshore wind development on the U.S. East Coast in the coming years.

"In the case of the present SEIS, one cannot evaluate the total impact of the proposed development of the Mid-Atlantic Bight as insufficient attention is paid to the impact beyond the Vineyard Wind project, whereas the cumulative impact is the issue of greatest concern," the SCEMFIS team wrote. While the SEIS analysis is "extensive across potentially affected resources," its frequent "lack of detail" is a weakness, they wrote.

The most important direct economic impact of offshore wind on fisheries could be the impact of turbine placement on stock assessments, the SCEMFIS report found. Surveys are unlikely to be conducted in wind areas, in which case it is assumed that no stock exists there. This would likely lead to quota reductions, especially due to increased uncertainty in the assessments, and the resulting long-term effects would not be able to be resolved by a single-year compensation plan.

While the SEIS correctly categorized such impacts as "major," the SCEMFIS team wrote, "it does not address the scale and scope of these impacts." The SEIS also seemed to overlook potential changes in vessel transit routes that make certain areas no longer profitable to fish, the team wrote.

The biggest indirect threat to fisheries is a likely increase in marine mammal entanglements in and near wind areas, according to the SCEMFIS report. This could result from an increased density of fishing gear due to a reduction in available fishing areas and a new source of entanglements from offshore wind construction and operations that could be mistakenly attributed to fisheries. Greater threats to marine mammals would lead to greater limitations on fishermen, and the SEIS should have classified these impacts as "major" instead of "moderate," the researchers wrote.

There are also several potential environmental impacts from offshore wind that the SEIS did not adequately explore, the SCEMFIS team found. For instance, the SEIS considered impacts on the ecologically important "cold pool" of water that extends seasonally off the U.S. East Coast but only focused on impacts during some parts of the year. Seasonally, this region experiences one of the largest transitions in ocean stratification of anywhere in the world. Weakening the cold pool could help generate "the most catastrophic ecological event on the continental shelf the world has ever seen," the researchers wrote, so great care must be taken to show the chance of an impact from offshore wind is "vanishingly small." Such science is not present in the SEIS, they wrote.

Additionally, the SEIS mentioned climate change "without coming to grips with the seriousness of the problem," according to the SCEMFIS team. While the SEIS considered the current state of resources in the Mid-Atlantic and Northeast, it failed to adequately consider changes in species and fishing distribution that are likely to continue as a result of climate change, the team wrote.

In total, the SCEMFIS report found the Vineyard Wind SEIS needed further work on eight key issues: the totality of impact across the Mid-Atlantic, physical oceanographic processes, climate change, adequacy of the database on finfish and benthic invertebrates, long-lived biota, fishing/surveys/stock assessments, marine mammals, and economics.

The report was written by Eric Powell (University of Southern Mississippi), Andrew Scheld (Virginia Institute of Marine Science), Pat Sullivan (Cornell University), Josh Kohut (Rutgers University), Thomas Grothues (Rutgers University), Daphne Munroe (Rutgers University), Paula Moreno (EcoMarine Integrated Analytics, LLC), and Gavin Fay (University of Massachusetts Dartmouth). The scientific results and conclusions of this report, as well as any views or opinions expressed, are those of the authors and do not necessarily reflect those of the SCEMFIS Industry Advisory Board, member companies, VIMS, USM, NOAA, or the Department of Commerce. The report can be found on the SCEMFIS website here.

Press Contact:
Bob Vanasse
Stove Boat Communications
(202) 333-2628
bob@stoveboat.com

About SCEMFIS
The Science Center for Marine Fisheries (SCEMFIS) utilizes academic and fisheries resources to address urgent scientific problems limiting sustainable fisheries. SCEMFIS develops methods, analytical and survey tools, datasets, and analytical approaches to improve sustainability of fisheries and reduce uncertainty in biomass estimates. SCEMFIS university partners, University of Southern Mississippi (lead institution), and Virginia Institute of Marine Science, College of William and Mary, are the academic sites. Collaborating scientists who provide specific expertise in finfish, shellfish, and marine mammal research, come from a wide range of academic institutions, including Old Dominion University, Rutgers University, University of Massachusetts-Dartmouth, University of Maryland, and University of Rhode Island.

The need for the diverse services that SCEMFIS can provide to industry continues to grow, which has prompted a steady increase in the number of fishing industry partners. These services include immediate access to science expertise for stock assessment issues, rapid response to research priorities, and representation on stock assessment working groups. Targeted research leads to improvements in data collection, survey design, analytical tools, assessment models, and other needs to reduce uncertainty in-stock status and improve reference point goals.

SOURCE: Science Center for Marine Fisheries

ReleaseID: 599261

FORT WORTH, TX / ACCESSWIRE / July 28, 2020 / Trinity Bank N.A. (OTC Bulletin Board:TYBT) today announced operating results for the three months ending June 30, 2020 and YTD results for the six months ending June 30, 2020.

Results of Operations

Trinity Bank, N.A. reported Net Income after Taxes of $1,130,000 or $1.00 per diluted common share for the second quarter of 2020, compared to $374,000 or $0.33 per diluted common share for the second quarter of 2019, an increase of 203.0%.

For the first six months of 2020, Net Income after Taxes amounted to $2,254,000, an increase of 43% over the first half of 2019 results of $1,576,000. Earnings per diluted common share for the first half of 2020 were $1.99, an increase of 41% over the first half of 2019 results of $1.41 per diluted common share.

Barney Wiley, President, stated, "The primary focus in the 2Q was (and will continue to be) ADAPTING, IMPROVISING, and OVERCOMING. Our staff has performed admirably, going above and beyond expectations as our nation copes with the chaos created by the virus pandemic."

"The main story for 2Q was the SBA Payroll Protection Program. Trinity Bank was able to participate fully (thanks to our superb operations group) despite having never made an SBA loan prior to the PPP facility. To date, we have funded 268 PPP loans totaling $51,381,000 – average loan size of $191,700. While the PPP loans are at a 1% interest rate, we did receive most of the fees from the SBA associated with PPP in June. The bank has to take these fees into income over the life of the loans (undetermined at this time). With the portion of the fees taken into income attributable to 2Q, we were able to absorb all of the extraordinary PPP expense (personnel and software) and make a substantial addition to the Reserve for Loan Losses."

"This is an extremely challenging environment. With our core earnings (excluding PPP impact), strong capital base, asset quality, and efficiency, we remain cautiously optimistic about the future for Trinity Bank."

Profitability

6/30/2020

6/30/2019

Return on Assets

1.32%

0.56%

Return on Equity

12.35%

4.24%

Page 2 – Trinity Bank Second Quarter 2020

Average for Quarter Ending 6-30-20

(in 000's)

6/30/2020

6/30/2019

%

Loans

PPP Loans

Loans

$212,258

$41,726

$170,352

$156,571

0

$156,571

35.6

8.8

Deposits

$302,967

$228,583

32.5

Page 3 – Trinity Bank Six Months YTD

Trinity Bank, N.A. is a commercial bank that began operations May 28, 2003. For a full financial statement, visit Trinity Bank's website: www.trinitybk.com Regulatory reporting format is also available at www.fdic.gov.

For information contact:

Richard Burt
Executive Vice President
Trinity Bank
817-763-9966

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future financial conditions, results of operations and the Bank's business operations. Such forward-looking statements involve risks, uncertainties and assumptions, including, but not limited to, monetary policy and general economic conditions in Texas and the greater Dallas-Fort Worth metropolitan area, the risks of changes in interest rates on the level and composition of deposits, loan demand and the values of loan collateral, securities and interest rate protection agreements, the actions of competitors and customers, the success of the Bank in implementing its strategic plan, the failure of the assumptions underlying the reserves for loan losses and the estimations of values of collateral and various financial assets and liabilities, that the costs of technological changes are more difficult or expensive than anticipated, the effects of regulatory restrictions imposed on banks generally, any changes in fiscal, monetary or regulatory policies and other uncertainties as discussed in the Bank's Registration Statement on Form SB‑1 filed with the Office of the Comptroller of the Currency. Should one or more of these risks or uncertainties materialize, or should these underlying assumptions prove incorrect, actual outcomes may vary materially from outcomes expected or anticipated by the Bank. A forward-looking statement may include a statement of the assumptions or bases underlying the forward‑looking statement. The Bank believes it has chosen these assumptions or bases in good faith and that they are reasonable. However, the Bank cautions you that assumptions or bases almost always vary from actual results, and the differences between assumptions or bases and actual results can be material. The Bank undertakes no obligation to publicly update or otherwise revise any forward‑looking statements, whether as a result of new information, future events or otherwise, unless the securities laws require the Bank to do so.

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

Quarter Ended

Six Months Ending

June 30

%

June 30

%

EARNINGS SUMMARY

2020

2019

Change

2020

2019

Change

Interest income

$3,042

$2,977

2.2%

$5,964

$5,791

3.0%

Interest expense

188

475

-60.4%

569

869

-34.5%

Net Interest Income

2,854

2,502

14.1%

5,395

4,922

9.6%

Service charges on deposits

39

42

-7.1%

89

81

9.9%

Other income

79

80

-1.3%

159

164

-3.0%

Total Non Interest Income

118

122

-3.3%

248

245

1.2%

Salaries and benefits expense

1,037

788

31.6%

1,892

1,551

22.0%

Occupancy and equipment expense

113

116

-2.6%

228

223

2.2%

Other expense

412

375

9.9%

814

632

28.8%

Total Non Interest Expense

1,562

1,279

22.1%

2,934

2,406

21.9%

Pretax pre-provision income

1,410

1,345

4.8%

2,709

2,761

-1.9%

Gain on sale of securities

0

1

N/M

0

(2)

N/M

Gain on sale of foreclosed assets

0

0

N/M

0

0

N/M

Gain on sale of assets

0

0

N/M

0

0

N/M

Provision for Loan Losses

125

1,000

-87.5%

125

1,030

-87.9%

Earnings before income taxes

1,285

346

271.4%

2,584

1,729

49.5%

Provision for income taxes

155

(28)

N/M

330

153

115.7%

Net Earnings

$1,130

$374

202.1%

$2,254

$1,576

43.0%

Basic earnings per share

1.04

0.34

205.9%

2.07

1.43

44.8%

Basic weighted average shares

1,086

1,100

1,087

1,099

outstanding

Diluted earnings per share – estimate

1.00

0.33

203.0%

1.99

1.41

41.1%

Diluted weighted average shares outstanding

1,133

1,119

1,134

1,118

Average for Quarter

Average for Six Months

June 30

%

June 30

%

BALANCE SHEET SUMMARY

2020

2019

Change

2020

2019

Change

Total loans

$212,258

$156,571

35.6%

$190,812

$154,327

23.6%

Total short term investments

41,211

26,034

58.3%

40,061

19,038

110.4%

Total investment securities

81,496

74,627

9.2%

77,753

76,940

1.1%

Earning assets

334,965

257,232

30.2%

308,626

250,305

23.3%

Total assets

342,369

264,826

29.3%

316,082

258,314

22.4%

Noninterest bearing deposits

122,409

73,665

66.2%

105,435

73,772

42.9%

Interest bearing deposits

180,558

154,918

16.6%

171,387

148,664

15.3%

Total deposits

302,967

228,583

32.5%

276,822

222,436

24.5%

Fed Funds Purchased and Repurchase Agreements

0

0

N/M

0

590

N/M

Shareholders' equity

$36,611

$35,301

3.7%

$36,495

$34,624

5.4%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

 
Average for Quarter Ending
 

 
June 30,
 
 
March 31,
 
 
Dec 31,
 
 
Sept. 30,
 
 
June 30,
 

BALANCE SHEET SUMMARY

 
2020
 
 
2020
 
 
2019
 
 
2019
 
 
2019
 

Total loans

 
$
212,337
 
 
$
169,367
 
 
$
154,764
 
 
$
156,304
 
 
$
156,571
 

Total short term investments

 
 
41,211
 
 
 
38,126
 
 
 
69,110
 
 
 
35,991
 
 
 
26,034
 

Total investment securities

 
 
81,496
 
 
 
74,406
 
 
 
70,508
 
 
 
72,212
 
 
 
74,627
 

Earning assets

 
 
335,044
 
 
 
281,899
 
 
 
294,382
 
 
 
264,507
 
 
 
257,232
 

Total assets

 
 
342,369
 
 
 
289,795
 
 
 
301,596
 
 
 
272,245
 
 
 
264,826
 

Noninterest bearing deposits

 
 
122,409
 
 
 
89,277
 
 
 
101,932
 
 
 
82,822
 
 
 
73,665
 

Interest bearing deposits

 
 
180,558
 
 
 
161,400
 
 
 
168,784
 
 
 
152,296
 
 
 
154,918
 

Total deposits

 
 
302,967
 
 
 
250,677
 
 
 
270,716
 
 
 
235,118
 
 
 
228,583
 

Fed Funds Purchased and Repurchase Agreements

 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 

Shareholders' equity

 
$
36,611
 
 
$
36,379
 
 
$
35,382
 
 
$
36,081
 
 
$
35,301
 

 
Quarter Ended
 

HISTORICAL EARNINGS SUMMARY

June 30,
2020

March 31,
2020
 
 
Dec 31,
2019
 
 

Sept. 30,
2019

 
 
June 30,
2019
 
 
 

Interest income

 
$
3,042
 
 
$
2,922
 
 
$
2,996
 
 
$
3,025
 
 
$
2,977
 

Interest expense

 
 
188
 
 
 
381
 
 
 
490
 
 
 
493
 
 
 
475
 

Net Interest Income

 
 
2,854
 
 
 
2,541
 
 
 
2,506
 
 
 
2,532
 
 
 
2,502
 

Service charges on deposits

 
 
39
 
 
 
50
 
 
 
48
 
 
 
36
 
 
 
42
 

Other income

 
 
79
 
 
 
78
 
 
 
79
 
 
 
104
 
 
 
80
 

Total Non Interest Income

 
 
118
 
 
 
128
 
 
 
127
 
 
 
140
 
 
 
122
 

Salaries and benefits expense

 
 
1,037
 
 
 
856
 
 
 
740
 
 
 
813
 
 
 
788
 

Occupancy and equipment expense

 
 
113
 
 
 
114
 
 
 
93
 
 
 
120
 
 
 
116
 

Other expense

 
 
412
 
 
 
400
 
 
 
370
 
 
 
299
 
 
 
375
 

Total Non Interest Expense

 
 
1,562
 
 
 
1,370
 
 
 
1,203
 
 
 
1,232
 
 
 
1,279
 

Pretax pre-provision income

 
 
1,410
 
 
 
1,299
 
 
 
1,430
 
 
 
1,440
 
 
 
1,345
 

Gain on sale of securities

 
 
0
 
 
 
0
 
 
 
0
 
 
 
12
 
 
 
1
 

Gain on sale of foreclosed assets

 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 

Gain on sale of other assets

 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 

Provision for Loan Losses

 
 
125
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
1,000
 

Earnings before income taxes

 
 
1,285
 
 
 
1,299
 
 
 
1,430
 
 
 
1,452
 
 
 
346
 

Provision for income taxes

 
 
155
 
 
 
175
 
 
 
210
 
 
 
206
 
 
 
(28
)

Net Earnings

 
$
1,130
 
 
$
1,124
 
 
$
1,220
 
 
$
1,246
 
 
$
374
 

Diluted earnings per share

 
$
1.00
 
 
$
0.99
 
 
$
1.12
 
 
$
1.08
 
 
$
0.33
 

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

 
Ending Balance
 

 
June 30,
 
 
March 31,
 
 
Dec 31,
 
 
Sept. 30,
 
 
June 30,
 

HISTORICAL BALANCE SHEET

 
2020
 
 
2020
 
 
2019
 
 
2019
 
 
2019
 

Total loans

 
$ 
216,848
 
 
$ 
173,992
 
 
$ 
167,587
 
 
$ 
157,475
 
 
$ 
156,014
 

Total short term investments

 
 
38,648
 
 
 
37,566
 
 
 
60,603
 
 
 
56,328
 
 
 
19,321
 

Total investment securities

 
 
90,658
 
 
 
73,287
 
 
 
70,804
 
 
 
71,394
 
 
 
72,014
 

Total earning assets

 
 
346,154
 
 
 
284,845
 
 
 
298,994
 
 
 
285,197
 
 
 
247,349
 

Allowance for loan losses

 
 
(2,396
)
 
 
(2,269
)
 
 
(2,262
)
 
 
(2,259
)
 
 
(2,224
)

Premises and equipment

 
 
2,455
 
 
 
2,522
 
 
 
2,560
 
 
 
2,544
 
 
 
2,580
 

Other Assets

 
 
5,673
 
 
 
6,567
 
 
 
9,770
 
 
 
9,513
 
 
 
8,040
 

Total assets

 
 
351,886
 
 
 
291,665
 
 
 
309,062
 
 
 
294,995
 
 
 
255,745
 

Noninterest bearing deposits

 
 
118,933
 
 
 
89,581
 
 
 
100,527
 
 
 
97,519
 
 
 
76,168
 

Interest bearing deposits

 
 
192,159
 
 
 
162,726
 
 
 
170,191
 
 
 
159,712
 
 
 
143,710
 

Total deposits

 
 
311,092
 
 
 
252,307
 
 
 
270,718
 
 
 
257,231
 
 
 
219,878
 

Fed Funds Purchased and Repurchase Agreements

 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 

Other Liabilities

 
 
1,501
 
 
 
1,779
 
 
 
1,047
 
 
 
1,830
 
 
 
614
 

Total liabilities

 
 
312,593
 
 
 
254,086
 
 
 
271,765
 
 
 
259,061
 
 
 
220,492
 

Shareholders' Equity Actual

 
 
37,089
 
 
 
36,069
 
 
 
35,858
 
 
 
34,920
 
 
 
34,572
 

Unrealized Gain – AFS

 
 
2,203
 
 
 
1,510
 
 
 
1,439
 
 
 
1,014
 
 
 
681
 

Total Equity

 
$ 
39,292
 
 
$ 
37,579
 
 
$ 
37,297
 
 
$ 
35,934
 
 
$ 
35,253
 

 
Quarter Ending
 

 
June 30,
2020
March 31,
2020
 
 
Dec 31,
2019
 
 
  Sept. 30,
2019
 
 
 

June 30,
2019

NONPERFORMING ASSETS

Nonaccrual loans

 
$ 
388
 
 
$ 
408
 
 
$ 
419
 
 
$ 
432
 
 
$ 
446
 

Restructured loans

 
$ 
0
 
 
$ 
0
 
 
$ 
0
 
 
$ 
0
 
 
$ 
0
 

Other real estate & foreclosed assets

 
$ 
320
 
 
$ 
320
 
 
$ 
320
 
 
$ 
320
 
 
$ 
320
 

Accruing loans past due 90 days or more

 
$ 
0
 
 
$ 
0
 
 
$ 
0
 
 
$ 
0
 
 
$ 
0
 

Total nonperforming assets

 
$ 
708
 
 
$ 
728
 
 
$ 
739
 
 
$ 
752
 
 
$ 
766
 

Accruing loans past due 30-89 days

 
$ 
0
 
 
$ 
248
 
 
$ 
0
 
 
$ 
0
 
 
$ 
0
 

Total nonperforming assets as a percentage

of loans and foreclosed assets

 
 
0.33
%
 
 
0.42
%
 
 
0.44
%
 
 
0.45
%
 
 
0.49
%

 TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

 
Quarter Ending
 

ALLOWANCE FOR

 
June 30,
 
 
March 31,
 
 
Dec 31,
 
 
Sept. 30,
 
 
June 30,
 

LOAN LOSSES

 
2020
 
 
2020
 
 
2019
 
 
2019
 
 
2019
 

Balance at beginning of period

 
$ 
2,269
 
 
$ 
2,262
 
 
$ 
2,259
 
 
$ 
2,224
 
 
$ 
1,703
 

Loans charged off

 
 
0
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
498
 

Loan recoveries

 
 
2
 
 
 
7
 
 
 
3
 
 
 
35
 
 
 
19
 

Net (charge-offs) recoveries

 
 
2
 
 
 
7
 
 
 
3
 
 
 
35
 
 
 
(479
)

Provision for loan losses

 
 
125
 
 
 
0
 
 
 
0
 
 
 
0
 
 
 
1,000
 

Balance at end of period

 
$ 
2,396
 
 
$ 
2,269
 
 
$ 
2,262
 
 
$ 
2,259
 
 
$ 
2,224
 

Allowance for loan losses

as a percentage of total loans

 
 
1.10
%
 
 
1.30
%
 
 
1.35
%
 
 
1.43
%
 
 
1.43
%

Allowance for loan losses

as a percentage of nonperforming assets

 
 
338
%
 
 
312
%
 
 
306
%
 
 
300
%
 
 
290
%

Net charge-offs (recoveries) as a

percentage of average loans

 
 
0.00
%
 
 
-0.01
%
 
 
0.00
%
 
 
-0.02
%
 
 
0.31
%

Provision for loan losses

as a percentage of average loans

 
 
0.06
%
 
 
0.00
%
 
 
0.00
%
 
 
0.00
%
 
 
0.64
%

 
Quarter Ending
 

 
June 30,
2020
March 31,
2020
 
 
Dec 31,
2019
 
 
  Sept. 30,
2019
 
 
  June 30,
2019
 
 
 

SELECTED RATIOS

Return on average assets (annualized)

 
 
1.32
%
 
 
1.55
%
 
 
1.62
%
 
 
1.83
%
 
 
0.56
%

Return on average equity (annualized)

 
 
12.35
%
 
 
11.80
%
 
 
13.34
%
 
 
13.81
%
 
 
4.24
%

Return on average equity (excluding unrealized gain on investments)

 
 
12.34
%
 
 
12.36
%
 
 
13.79
%
 
 
14.21
%
 
 
4.27
%

Average shareholders' equity to average assets

 
 
10.69
%
 
 
12.55
%
 
 
11.73
%
 
 
13.25
%
 
 
13.33
%

Yield on earning assets (tax equivalent)

 
 
3.81
%
 
 
4.33
%
 
 
4.67
%
 
 
4.79
%
 
 
4.85
%

Effective Cost of Funds

 
 
0.22
%
 
 
0.54
%
 
 
0.70
%
 
 
0.75
%
 
 
0.74
%

Net interest margin (tax equivalent)

 
 
3.59
%
 
 
3.79
%
 
 
3.97
%
 
 
4.04
%
 
 
4.11
%

Efficiency ratio (tax equivalent)

 
 
51.6
%
 
 
48.9
%
 
 
43.4
%
 
 
43.8
%
 
 
46.2
%

End of period book value per common share

 
$ 
36.18
 
 
$ 
34.54
 
 
$ 
34.22
 
 
$ 
32.85
 
 
$ 
32.14
 

End of period book value (excluding unrealized gain on investments)

 
$ 
34.15
 
 
$ 
33.15
 
 
$ 
32.90
 
 
$ 
31.92
 
 
$ 
31.52
 

End of period common shares outstanding (in 000's)

 
 
1,086
 
 
 
1,088
 
 
 
1,090
 
 
 
1,094
 
 
 
1,097
 

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

Quarter Ending

June 30,2020

June 30,2019

Tax

Tax

Average

Equivalent

Average

Equivalent

YIELD ANALYSIS

Balance

Interest

Yield

Yield

Balance

Interest

Yield

Yield

Interest Earning Assets:

Short term investment

$ 41,211

13

0.13%

0.13%

$ 25,653

153

2.39%

2.39%

FRB Stock

395

6

6.00%

6.00%

381

6

6.00%

6.00%

Taxable securities

0

0

0.00%

0.00%

1,593

9

2.26%

2.26%

Tax Free securities

81,101

564

2.78%

3.52%

73,034

539

2.95%

3.74%

Loans

212,258

2,459

4.63%

4.63%

156,571

2,270

5.80%

5.80%

Total Interest Earning Assets

334,965

3,042

3.63%

3.81%

257,232

2,977

4.63%

4.85%

Noninterest Earning Assets:

Cash and due from banks

5,223

5,021

Other assets

4,453

4,322

Allowance for loan losses

(2,272)

(1,749)

Total Noninterest Earning Assets

7,404

7,594

Total Assets

$342,369

$264,826

Interest Bearing Liabilities:

Transaction and Money Market accounts

138,440

25

0.07%

0.07%

125,618

321

1.02%

1.02%

Certificates and other time deposits

42,118

163

1.55%

1.55%

29,300

154

2.10%

2.10%

Other borrowings

0

0

0.00%

0.00%

0

0

0.00%

0.00%

Total Interest Bearing Liabilities

180,558

188

0.42%

0.42%

154,918

475

1.23%

1.23%

Noninterest Bearing Liabilities:

Demand deposits

122,409

73,665

Other liabilities

1,352

942

Shareholders' Equity

38,050

35,301

Total Liabilities and Shareholders Equity

$342,369

$264,826

Net Interest Income and Spread

2,854

3.22%

3.39%

2,502

3.40%

3.62%

Net Interest Margin

3.41%

3.59%

3.89%

4.11%

 TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

June 30

June 30

2020

%

2019

%

LOAN PORTFOLIO

Commercial and industrial

$140,483

64.78%

$87,559

56.05%

Real estate:

Commercial

31,017

14.30%

23,311

14.92%

Residential

23,043

10.63%

22,471

14.39%

Construction and development

21,875

10.09%

22,445

14.37%

Consumer

430

0.20%

419

0.27%

Total loans (gross)

216,848

100.00%

156,205

100.00%

Unearned discounts

0

0.00%

0

0.00%

Total loans (net)

$216,848

100.00%

$156,205

100.00%

June 30

June 30

2020

2019

REGULATORY CAPITAL DATA

Tier 1 Capital

$37,089

$34,572

Total Capital (Tier 1 + Tier 2)

$39,370

$36,708

Total Risk-Adjusted Assets

$182,279

$170,838

Tier 1 Risk-Based Capital Ratio

20.35%

20.24%

Total Risk-Based Capital Ratio

21.60%

21.49%

Tier 1 Leverage Ratio

10.83%

13.05%

OTHER DATA

Full Time Equivalent

Employees (FTE's)

23

22

Stock Price Range

(For the Three Months Ended):

High

$64.98

$66.00

Low

$58.90

$58.90

Close

$60.50

$64.00

SOURCE: Trinity Bank N.A.

ReleaseID: 599251

HENDERSON, NV / ACCESSWIRE / July 28, 2020 / Firma Holdings Corp. (OTC PINK:FRMA) announces that Sebastien Dufort has been appointed as the new Chairman and CEO. Mr. Dufort is the current founder and CEO of Monochrome Corp., and – along with Francis Biscan, has been an integral part of establishing a new business plan for Firma.

Firma wishes Mr. Biscan all the best in future endeavors, as he has resigned to make room for Mr. Dufort to lead the company forward in a new direction. In addition, Firma thanks David Barefoot for his service, as he has also resigned, from both the board of directors and as COO, to make room for the new business plans.

Firma is also pleased to announce the signing of an agreement to acquire 100% of MonoChrome Corp., a consumer products growth company. Monochrome is a unique and responsive company in today's marketplace. Monochrome's business model currently incorporates two high-growth markets to create an exciting multi-channel business opportunity that feeds and expands Firma's distribution network. This includes traditional brick-and-mortar channels as well as by Monochrome's utilization of e-commerce technologies and emerging pipelines to capitalize on the new developments in today's consumer products market.

Monochrome's Board of Directors understands that the existing consumer products market is driven by health concerns and aided by expanding product awareness. By combining the two under a single business model, Monochrome can expect to meet market demand by introducing a multitude of new products along with its current Personal Protective Equipment (PPE) and Sanitizer business. Moreover, by Monochrome's exploitation of its products, it expects to attract partners for other products in the consumer, industrial, and CBD channels that will expand as Monochrome's product development increases. Monochrome's Board of Directors believes that by utilizing the company's traditional and contemporary delivery methods (through its partners, such as beverage and food distributors), will best serve its development. Additionally, Monochrome's use of non-traditional distribution and delivery channels (such as brokers who will drive business in health care, universities, and health awareness markets) will be equally effective.

Firma's Current Plan of Operations

FRMA is viewed as an emerging growth company and is a potential benefactor of the JOBS Act of 2012 and, as a diversified holding company. In addition to the current agreement for the acquisition of Monochrome, Firma will continue to focus on emerging and middle market domestic and international investment opportunities. Firma is evaluating the acquisition of other interests, joint ventures, and licensing agreements with qualified companies within the consumer and industrial products industries including qualified CBD products.

Firma's Board of Directors has established a plan of operations that includes Monochrome's ongoing business operations, together with the operations of certain potential acquisitions it can demonstrate under contract, or as being work-in-progress. The Company will also immediately begin the process of updating its corporate filings.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please read the full disclaimer at www.Firmaholdingscorp.com.

Contact:

info@firmaholdingscorp.com
Sebastien Dufort
630-461-1992

SOURCE: Firma Holdings Corp.

ReleaseID: 599256

TORONTO, ON / ACCESSWIRE / July 28, 2020 / Galway Metals Inc. (TSXV:GWM) ("Galway Metals" or the "Company") is pleased to announce that it has entered into an agreement dated July 27, 2020 (the "Agreement") with an arm's length third party royalty holder to buy back a one percent (1.0%) net smelter returns royalty (the "Royalty") covering certain mineral claims at the Company's Clarence Stream property in southwest New Brunswick (the "Property"). This is a separate royalty and is in addition to the royalty purchase announced on July 21, 2020. The mineral claims subject to the Royalty cover the Jubilee Zone, parts of the Richard Zone, the recently reported new discovery of 186.5 g/t Au over 0.6m located 950m SW of the Jubilee Zone and other prospective properties.

The original agreement allowed only for buyback of one-half percent (0.5%) of the royalty for $500,000. Galway was able to negotiate with the royalty holder to purchase the royalty in its entirety. Under terms of the Agreement, Galway Metals will pay a total purchase price of $580,000 comprised of a cash payment of $100,000 and 400,000 common shares in the capital of the Company at a deemed price of $480,000 ($1.20 per Share).

The transaction is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

Robert Hinchcliffe, President, Chief Executive Officer & Director, commented, "We are pleased to complete a second royalty acquisition at the Clarence Stream Project, and, just as with our first royalty buyback, will contribute meaningfully to further unlocking value of the Clarence Stream land package beyond what we have already accomplished. The royalty holder's willingness to receive the majority of payment as shares in Galway demonstrates belief in the property and in the Company's future."

Review by Qualified Person, Quality Control and Reports

Michael Sutton, P.Geo., Director and VP of Exploration for Galway Metals, is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release on behalf of Galway Metals Inc. All core, chip/boulder samples, and soil samples are assayed by Activation Laboratories, 41 Bittern Street, Ancaster, Ontario, Canada, who have ISO/IEC 17025 accreditation. All core is under watch from the drill site to the core processing facility. All samples are assayed for gold by Fire Assay, with gravimetric finish, and other elements assayed using ICP. The Company's QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at one per 20 samples. Approximately five percent (5%) of the pulps and rejects are sent for check assaying at a second lab with the results averaged and intersections updated when received. Core recovery in the mineralized zones has averaged 99%.

About Galway Metals Inc.

Galway Metals is focused on two gold projects in Canada, Clarence Stream, an emerging gold district in New Brunswick, and Estrades, the former producing, high-grade VMS mine in Quebec. The Company began trading on January 4, 2013, after the successful spinout to existing shareholders from Galway Resources Ltd. following the completion of the US$340 million sale of that company. With substantially the same management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with Galway Resources Ltd.

For further information, please visit www.galwaymetalsinc.com or contact:

Robert Hinchcliffe
President, Chief Executive Officer & Director
Telephone: 1 (800) 771-0680

Cautionary Statement

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

This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, completion of the Royalty buy back, objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Galway Metals Inc.

ReleaseID: 599249

SAN JUAN, PUERTO RICO / ACCESSWIRE / July 28, 2020 / Ralph DiBugnara is a nationally recognized real estate expert. He is President of Home Qualified, a digital resource for buyers and sellers, and Vice President at Cardinal Financial, a nationally recognized mortgage loan company. "Ralph is redefining the role of the banker in today's buyer-centric real estate market." Ralph is a real estate guru and a trusted advisor that knows how to find solutions to leverage the industry.

Early Life In Brooklyn

Growing up in Brooklyn, New York, Ralph's family struggled financially, forcing his father to work multiple jobs with long hours to feed the family. This is what young Ralph had imagined life to be, unbeknownst feeding the motivation behind why he is the expert in the real estate field today. He wanted to break the generational struggle in his family. In 2018, Ralph launched a website called Home Qualified. The website reports the latest news about real estate predictions that will affect the market. Ralph is also the Vice President of Cardinal Financial which is recognized as one of the top 15 lenders in the country. With over 20 years of experience in multiple industries, Ralph is always prepared to weather the storm. His agency survived through the 2008 financial crisis while most other agencies closed their doors. This made one thing clear, Ralph knows how to effectively operate through stormy waters and in the real estate industry and this is a must know how.

Through the Pandemic

In the midst of COVID, Ralph has been giving out advice on how to thrive on investments and manage properties during these trying times. He also has his own series called The Real Estate Disruptors where he interviews guests on investing and property guidance and advice. Dibugnara wants to create a better environment for market experts who need to approach the market differently. Ralph talks about different creative financing techniques on his podcast series through wholesaling, flipping, and acquiring rental properties. He also discusses where to find private money lenders and the journey through the ups and downs of a real estate entrepreneur.

Launching The Real Estate Disruptor Platform

Ralph Dibugnara's new program focuses on creating an elite network of industry leaders to both help seasoned brokers succeed in this new social media driven economy and help teach young up and coming brokers close bigger deals and to live up to the high standards when it comes to eight and nine figure investment deals.

If you are a real estate agent, loan officer, or entrepreneur looking to grow your brand online and figure out how to monetize your social presence then you need to join us at The Real Estate Disruptor. You will have the opportunity to learn online from Ralph as well as world-class influencers that Ralph has hand selected including Sickamore, Paul Getter, Tony Delgado, Vicky Llerena, Eulogio Medina, Jen Morilla, Glenn Asher, Ravi Abuvala, Lynn Hazan, Vova Tess, Ed Stulak and many more as they reveal insider secrets on how to build a profit-driven brand guaranteed to maximize your leads, multiply your wealth, and generate media coverage.

Ralph is maneuvering his way through the next generation of real estate investors and changing the face of the industry when it comes to the millennial generation. He is dedicated to his expertise and is able to do just about anything when it comes to real estate.

Announcing The Generation Disruptor Scholarship

The Reason For The Scholarship

I truly believe to have a great impact we have to step away from the norm of our lives and find purpose in lifting someone's life to help them achieve greatness. I've built a successful career around hard work and capitalizing on the right opportunities. But what if I was never offered these opportunities? Had the sound of my accent, the color of my skin, ethnic background, or religious beliefs stopped me from getting these same opportunities – What would I have done?

The increasing diversity and challenges our society is facing reminds us that all Americans should have access to higher education and higher levels of employment opportunities. The future of our nation's economy, democracy, and quality of life depend on our youth who will help shape and build a stronger and more diverse America. These potential leaders, historically rooted from socioeconomically disadvantaged groups, are the great leaders our country needs in order to progress as a solidified nation.

This is why I am announcing the Generation Disruptor scholarship program. In an attempt to raise the issue and close the gap between access to wealth and education our youth deserve, I want to offer three scholarship recipients the opportunity to build a lucrative career in the real estate field.

The Generation Disruptor Scholarship Programs first class will consist of three chosen applicants, who have faced racial inequality, social injustice or have not had equal access to education & are between the ages of 18 & 25 years old . These three individuals will receive a salary of $500 a week for 12 weeks to learn skills in the Mortgage Loan Officer Training Program or Real Estate Agent Training Program. With successful completion of their 90-day program, they will then receive sponsorship to take their licensing exam to become a Licensed Loan Officer or Licensed Real Estate Agent. Once they pass these exams they will be offered a full-time position in their chosen field.

These two businesses have changed my life and that of my family. I want to make sure I give that same opportunity to someone else that may have never thought about these careers or had the chance to be educated on their own ability to succeed in them. This is my way to give back and Change the Narrative of the socio-economic problems I see every day. It's not enough to say "I won't to change anymore"; I need to take action.

Winners will be selected live on Instagram and Facebook!

Click the link below to apply:

Participants are limited to New York or New Jersey

https://therealestatedisruptors.com/community-scholarship/

More About Ralph Dibugnara

Home Qualified is a digital resource for the buyers, sellers, and realtors driving today's millennial market. Curated and hosted by Ralph DiBugnara, Home Qualified is a web series that addresses contemporary trends and issues within the real estate industry. From neighborhood profiles and home improvement tips to insider interviews, Home Qualified serves as the essential online guide for current homeowners, first-time buyers and prospective investors.

Ralph Dibugnara On Instagram:

https://www.instagram.com/dibug/

Ralph Dibugnara On LinkedIn:

https://www.linkedin.com/in/ralph-dibugnara-9759096

Ralph Dibugnara On YouTube:

https://www.youtube.com/channel/UCp6Q7QV5lzO6GjEcnh3R2gg

Ralph Dibugnara On Forbes:

https://www.forbes.com/sites/forbesrealestatecouncil/people/ralphdibugnara/

Ralph Dibugnara On Disrupt Magazine:

https://disruptmagazine.com/how-ralph-dibugnara-is-disrupting-the-real-estate-industry/

Press and Publicist Contact Info:

Karinna Berrospi
Email: karinna@disruptvip.com
Disrupt Press Accelerator
https://pressaccelerator.com/

Tony Delgado
Email: anthony@disruptvip.com
Phone: 201-875-8684
Disrupt Magazine – The Voice of Latino Entrepreneurs
https://disruptmagazine.com/

SOURCE: Disrupt Media

ReleaseID: 599047

SAN FRANCISCO, CA / ACCESSWIRE / July 28, 2020 / California general contractor Webcor recently achieved WELL Gold Certification for its 18,000-square-foot office renovation in San Francisco, becoming the 16th office in the state to achieve this impressive milestone.

Awarded on June 26 by the International WELL Building Institute (IWBI), the certification recognizes the office for earning a score of 67 points – comfortably over the minimum 60-point threshold for Gold – in a rigorous assessment using the Institute's performance-based rating system for measuring, certifying, and monitoring building features that impact human health and wellness. The criteria include air, water, nourishment, light, movement, thermal comfort, sound, materials, mind, and community. WELL is grounded in a body of evidence-based research that explores the connection between the buildings in which we spend approximately 90 percent of our time and the health and wellness impacts on the people inside these buildings.

"When we began planning the renovation in early 2018, we knew we wanted to build a space that reflected our craft, core values, and employee wellness," says Webcor Sustainability Director Jenelle Shapiro. "WELL Certification focuses on the health and well-being of the people within a building's space, aligning with three of Webcor's core values: Bold, Innovate, and Community."

With this rare achievement on its resume, Webcor joins a small group of industry leaders that have prioritized building wellness, exemplifying its steadfast commitment to improving the employee experience.

"We invested our effort and money in achieving this certification to protect our most important resource – our community of people," says Webcor President and CEO Jes Pedersen. "Building an office that supports our employees' health and their ability to work at their optimum level fits right into our ongoing goal of searching for more effective ways to help them excel.

"The value of WELL Certification really comes into play when you're fitting the workplace to the people, rather than the people to the workplace. The building offers a spacious kitchen and eating area, break-out rooms for smaller conversations, showers for commuters, private rooms for nursing mothers, and rejuvenation spaces – all things you wouldn't have found in the standard office," Pedersen says.

The environment was created through the synthesis of bold design decisions and mindfully selected elements – such as sustainably sourced materials and furnishings, health-responsive lighting, exceptional air quality monitoring systems, and in-house foliage (over 575 plants) – that contribute to the office's employee-centered atmosphere and symbolize the balance between the built and natural worlds.

All office materials, from drywall and flooring to carpets and ceilings, were hand-selected based on optimal sustainability criteria, including sourcing impact and effect on air quality. Webcor acquired furniture and materials from companies with take-back programs for end-of-life waste management and a tangible commitment to corporate social responsibility.

A team of dedicated professionals from Webcor's sustainability, core & shell, and self-perform groups joined forces to achieve this ambitious certification.

"We decided to pursue the entire WELL Certification ourselves instead of hiring a third-party consultant," Shapiro says. "Ultimately, that meant we had to learn the ins and outs of the certification process and ensure we were in line with our core team – architects, engineers, and Webcor as the owner and contractor – and ensure we didn't miss any nuances."

The self-perform work by Webcor's specialty divisions – Webcor Carpentry for doors/millwork/finish carpentry, Webcor Concrete Group for custom countertops, and Webcor Drywall for framing and drywall – was designed to challenge the groups in terms of creativity, craftsmanship, and process to build, making the overall project more personal and rewarding for Webcor and every contributing team member. The result was a workspace that embodies Webcor's culture and core values, empowering employees to build better at work every day.

For more information about IWBI and WELL, please visit wellcertified.com.

Photo credits: Adam Rouse Photography

About Webcor

Webcor is a premier provider of commercial construction services, known for its innovative and efficient approach, wide range of experience, cost-effective design-build methodology, skill in concrete construction and expertise in building landmark projects. Webcor's mission is to build structures of superior quality with integrity, continuously improve its processes by employing the best talent in the industry, and add social and economic value to its communities. Founded in 1971 and repeatedly honored as one of the Greenest Builders in California, Healthiest Employers, Top Corporate Philanthropists, Best Places to Work and Largest California Construction Firms, Webcor has offices throughout the state in San Francisco, Alameda, San Jose and Los Angeles. More information is available on the Webcor website and on LinkedIn, Facebook, Twitter and Instagram.

Media Contact:

Shel Holtz, Internal Communications Director
Webcor
(510) 517-3845
sholtz@webcor.com

SOURCE: Webcor

ReleaseID: 599112

American and international respondents provided insight into CBD consumer behavior

MIAMI, FL / ACCESSWIRE / July 28, 2020 / Verified CBD's recent CBD survey saw 300 respondents provide insight into CBD consumer demographics, preferred products, and motivations for turning to CBD.

The survey found that one of the most common applications for CBD is for pain management and relief, with about 37% of respondents saying that they use CBD products for this purpose. Other common uses include improving mental health (anxiety, stress, and depression) and managing insomnia. The findings of this survey correspond with a Gallup poll conducted in 2019, which found that 40% of American CBD users look to the cannabinoid for pain relief, while 20% use it for anxiety and 11% for insomnia.

Of those surveyed, many say they rely on CBD cream for soothing aches and pains, though capsules and tinctures are also popular CBD products. Gummies are growing in popularity due to their enjoyable flavors and the ability for consumers to take them discreetly almost anywhere.

"We're finding that customers are most concerned with the quality of the CBD they're purchasing," says Verified CBD founder Bob Chambers. "Nearly a quarter of our survey respondents said that this was their top concern. Consumers want to feel confident that they're getting a high-quality product that is potent enough to provide relief from their health symptoms."

Respondents also indicated concern regarding the efficacy of the CBD products they're interested in and are interested in learning more about how to find the right dosage.

For more information about the CBD market, product launches, and industry developments, visit verifiedcbd.com or on social @verifiedcbd.

Media Contact:

Maria Harutyunyan
maria.verifiedcbd@gmail.com

SOURCE: Verified CBD

ReleaseID: 598441

LOS ANGELES, CA / ACCESSWIRE / July 28, 2020 / Entrepreneur Marcello Cantu values the moments others often forget about.

"I try to focus on the small wins and not so much on the big wins because there are many small wins in the lifetime of a business," says Cantu. "I know when times become difficult, there's always a brighter day around the corner."

Cantu is an entrepreneur from Dallas, Texas, who grew up with the ambition of one day owning his own business. After spending his childhood watching his grandfather create a successful business, his entrepreneurial mindset was molded and ingrained within him. Cantu wanted to help his grandfather with his business but recognized that bigger opportunities were potentially ahead. After graduating from the University of Texas at Dallas with a degree in marketing, Cantu packed his bags and moved to California.

In California, Cantu would find like-minded entrepreneurs- Andy Ta Kong, Paul Parker, and Mohammed Shakaoat. The four would grow a million-dollar Amazon management company by the name of Project Wifi. Cantu endured many ups and downs as every entrepreneur typically does along their journey to success. He believes the roller coaster moments are what ultimately lead him to where he is today, and Cantu would not change a thing.

His first failure came when he was trading cryptocurrency years ago. He was swing trading and shorting (betting that the price would go down) bitcoin. At one point, Cantu made $18,000 on a single trade. He would spend upwards of 10 hours a day waiting and trying to strategically time a trade for 20 days. He ended up missing by one hour and was devastated. One day, early in the morning, Cantu was exhausted and falling asleep. He had opened the trade at the best price available, and then he closed it once he realized that he could fall asleep any second and could not properly monitor it. He missed a huge trade that would have vastly surpassed his prior $18,000. Super emotional over his mistake, he started to over trade aggressively resulting in huge losses.

"When you're very emotional, you shouldn't be making any major decisions because there are always more opportunities around the corner." says Cantu.

Cantu attributes his failures with shaping him into the person he is today. It helped him to create his newest company, Project WiFi, which he states is his biggest success in life thus far.

"it's a win-win situation for both us- the clients as well as our employees." says Cantu.

Cantu is creating a plethora of jobs for people in the Philippines, as his company has offices and workers out there. "A game plan, consistency, laser focus, and execution." says Cantu when asked what manifests success.

If you would like more information on Project Wifi, you can contact them on their official website at https://projectwifi.io, or follow Marcello Cantu on Instagram.

SOURCE: BIGWORK Media

ReleaseID: 599389

LOS ANGELES, CA / ACCESSWIRE / July 28, 2020 / Mohammed Shakaoat is a 28-year-old entrepreneur who helps hundreds of people from the comfort of his home. He has managed to turn knowledge from a random YouTube video into millions of dollars and lives a "laptop lifestyle" with one goal in mind – to help others follow in his financial footsteps.

"Amazon is a great platform to sell on VS Shopify where you have to find a selling product, build a website, and run ads," he says.

Shakaoat owns and operates many businesses, some are not even his own. After successfully scaling his own ATM business, he turned to YouTube to teach others how to start their own.

Shakaoat's followers frequently suggested that he starts his own in-depth course outlining techniques and strategies for aspiring entrepreneurs to follow in his footsteps. After careful deliberation and market research, Shakaoat started ATM Academy (@atm__Academy), a platform where his followers can finally acquire the information they have been seeking for some time. His courses filled quickly with like-minded people who desired to start a business of their own without having to rely on others.

"The ATM business is where entrepreneurs place their ATM in local businesses and collect a fee every single time someone uses the machine. Each time a person uses the machine, you as the owner gets paid," Shakaoat stated on www.atmacademy.com.

Shakaoat used the returns from his other businesses to branch out to more prospective clients. Currently, Shakaoat owns 45 ATM machines across Florida, and uses his profits to start new businesses with the objective of expanding his entrepreneurial repertoire.

His website offers users perks that connect members with other entrepreneurs. According to www.atmacademy.com, his course also offers contacts, sales sheets, a private ATM merchant, and access to a ​private group chat.

ATM Academy offers users not only videos, but personal video chats from ATM experts such as Shakaoat himself. Students have the ability to ask questions and learn from one of the best in the industry. Shakaoat helps over 400 students learn about what it takes to make it in the ATM business.

ATM Academy (@atm__Academy) helps hundreds of people from around the world achieve financial freedom allowing them to live the life they've always dreamed of.

Shakaoat says the business makes him feel like he is already retired, as he can travel the world while he helps businesses and entrepreneurs from the comfort of his laptop and smartphone.

To reach out to Mohammed, or to follow Mohammed's journey, follow him on his Instagram.

SOURCE: BIGWORK Media

ReleaseID: 599384

GUANGZHOU, CHINA / ACCESSWIRE / July 28, 2020 / GAC MOTOR GN8 has been well received by consumers worldwide since it entered into the international market. This high-end MPV model has an impressive appearance, luxurious interior, and "refined internal and external" power that satisfy consumer's diverse demands for cars.

Trendy and impressive appearance, Appropriate for business and leisure

The appearance of GN8 extends from the front design of the Flying Dynamics. Its broad and powerful chrome grille, streamlined matrix LED headlights, presents the beauty of technology. The side of the car body is designed with reference to a luxury yacht, together with the streamlined three-dimensional waistline, it is sportier and more fashionable.

It is worth mentioning that the GN8 equipped with GAC MOTOR's second-generation 320T engine, provides the GN8 with abundant power, stability and vigor, which is suitable for both business and leisure activities.

Flexible and spacious, luxurious interior

In addition to its attractive appearance, GN8's spacious and luxurious interior is also one of the reasons for its wide acclaim. The GN8 has a length of 5066mm and width of 1923mm, a comfortable interior space. The second row of seats adopts airline's "business class" design which improves the comfort level and conforms to the high standard of business reception. At the same time, the third row of seats remains spacious. When fully loaded, the luggage compartment can still store backpacks and other items to meet the travel needs of large families.

In terms of interior decoration, leather seats and wood texture veneer are used to express the high quality visually and tactually. They are also equipped with 32-color LED atmosphere lights and panoramic skylights, bringing a pleasant driving environment. The GN8 is "refined internally and externally" which is suitable for both business reception and family travel.

Humanized technology configuration comprehensively enhances the driving experience

Traditional business MPVs focuses more on functionality and lacks detailed insight into driving needs. In this regard, GN8 has added more user-friendly technology configurations. It has a four-direction adjustable multifunctional leather steering wheel, and high-definition 360° panoramic parking imaging system to upgrade driving experience and safety. The second-row "business class" seats are lined with leather and equipped with adjustable Leg Support, headrests, ventilation, heating and massage functions to enjoy every trip. The third row is equipped with independent air conditioning control panels in the rear so that each passenger can adjust the temperature of the air conditioning independently.

Also, GN8 has thoughtfully equipped with dual power side sliding doors and approach open smart liftgate to enhance the driving experience.

Since the launch of GN8 in Russia in June, it has received high praise from local media and consumers. As GN8 enters global markets, more consumers can experience an enjoyable mobile experience brought by GAC MOTOR.

For more information, please visit:

Website: http://www.gac-motor.com/
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Instagram: https://www.instagram.com/gac_motor
Twitter: https://www.twitter.com/gac_motor
YouTube: http://www.youtube.com/c/GACMotorOfficial

Media Contact (Media Only)

Hongbin Ren
Phone: +86-137-2520-5687
Email: renhongbin2010@163.com ; renhb@gacmotor.com

SOURCE: GAC MOTOR

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