This is to correct the release that ran earlier today with the same title. Alysha Lee Bush is not the founder and CEO of IM Mastery Academy, as previously reported.

LOS ANGELES, CA / ACCESSWIRE / August 27, 2020 / Figuring out a lucrative path in life can be daunting. Entrepreneur and aspiring actress Alysha Bush found herself fresh out of college working three jobs just to make a living. It wasn't until she picked up the book, "Rich Dad Poor Dad" by Robert Kiyosaki that led her down the path of becoming a successful currency trader and entrepreneur.

Through her business endeavors, Alysha has been able to build a community around a trading educational platform to inspire others like herself to create a stable passive income through investing. But it hasn't been the smoothest ride. In fact, she lost her business three times in the process.

Only 8 months into her new business venture, young entrepreneur Alysha Lee Bush experienced the hardest of hardships; Shortly after being scammed out of $40k, her trusted business partners schemed against her to swipe her customer base for themselves and was left back at square one to rebuild her business again. Where others might find themselves hopeless, Alysha was tirelessly devoted to her business.

Growing up, Alysha learned the meaning to persevere through her sports coaches, including Olympic training with Michael Phelps for swimming at ASU. After college, she took up the hobby of MMA fighting to stay active. Both instilled in her a mindset to never back down which directly translates in her career.

"Excellence is a commitment to completion" -Alysha Lee Bush

In as little as 5 months after losing everything, Alysha rebuilt her currency trading business and was pulling in a 6-figure income again. Her current customer base today reaches 1,800 customers in which she is helping become financially literate and free. Her business is an educational platform that teaches people how to trade the foreign exchange markets.

Forex trading is the largest financial market in the world and dates back to ancient times. Each official currency of each country has its own value that fluctuates every single day and can be traded back and forth between one another for a profit or a loss. The forex markets move over $6T per day with large banks and governments producing the majority of the market liquidity.

During the pandemic, Alysha's business has seen a 60% increase in revenue. Not only did her business financially flourish, but it has been emotionally fulfilling too. Helping individuals and families during these times of economic hardship that COVID-19 has posed has been the cherry on top for Alysha. It has been the most rewarding experience in her young career as the changed lives of the people who were once in poverty express their gratitude to her for introducing to them where to invest and grow their income.

"Service to many leads to greatness" – Alysha Lee Bush

Through the successes and failures Alysha experienced as a young entrepreneur, she can confidently say she no longer has financial burdens. Her business has allowed her the financial freedom to move to Los Angeles to pursue her aspiring dreams of becoming an actress and dancer while still inspiring others in the currency trading business.

Alysha is currently looking to mentor up and coming entrepreneurs and traders into having success in their journey by shortcutting mistakes that she's made in her own journey. Reach out to Alysha via the options below to get in touch with her and see if you qualify as a candidate.

Alysha can be reached via Instagram at @alysha.unleashed

For more information about Alysha, please visit www.alyshaunleashed.com.

CONTACT: 

Name: Alysha Lee Bush
Business/Organization Name: Alysha Bush, INC
Email: alyshabush4@yahoo.com
Address: Los Angeles, CA, United States
Phone:+1-800-5550-500
Website: www.alyshaunleashed.com

SOURCE: Alysha Bush Inc.

ReleaseID: 603689

NEW YORK, NY and LOS ANGELES, CA / ACCESSWIRE / August 27, 2020 / 42West, a leading public relations and marketing agency for the entertainment industry, and wholly-owned subsidiary of Dolphin Entertainment, Inc. (NASDAQ:DLPN), has promoted three of its executives – Bianca Bianconi, Michael Gagliardo and Whitney Tancred – to the roles of Executive Vice-President and Co-Heads of the company's talent division, it was announced today by 42West CEO Amanda Lundberg.

The trio will report to Lundberg and also work closely with company Presidents Susie Arons, Susan Ciccone and Tom Piechura. Bianconi, Gagliardo and Tancred will oversee the day-to-day operations of the company's bi-coastal talent department, which focuses on creating and implementing strategic communication campaigns for a wide variety of performers and entertainers, ​including television, theater and film actors, ​recording artists, authors, models, fashion designers, as well as activists and charitable endeavors.

"Bianca, Michael and Whitney are extremely talented with great taste and integrity," states Ms. Lundberg. "Invaluable advisors for their clients in all areas of the entertainment and activism space, they also have the unique ability to collaborate on a variety of clients within Dolphin Entertainment's growing collective of agencies. Their boundless ingenuity in conjunction with the incomparable expertise of our latest acquisition, the leading social influencer company Be Social, will provide unparalleled services for our clients."

Bianconi, who is based in New York, is a PR veteran with 20 years of experience in the industry. A Nashville native, she began her career at PMK where she cut her teeth on music publicity, followed by a VP of Publicity role at Slate PR where she continued to hone her skills and sign a diverse group of talent. Her interests are reflected in her wide-ranging client list which spans across film and television, music, fashion and art. She excels at guiding a diverse roster which includes Alexa Chung, Christian Siriano, Andrew Watt, Frank Grillo, Annabelle Dexter-Jones, Nico Tortorella, John Magaro, Rainey Qualley, Francesca Scorsese, Jesse Jo Stark, Electric Lady Studios, Kat Von D, Caroline de Maigret and the cast of HBO's BETTY.

Gagliardo, who is also New York-based, began his career at PMK/HBH in the talent department working on a variety of up-and-coming and established actors, and later served as a VP in the entertainment department at PMK*BNC. Since then he has worked on a variety of successful award campaigns in TV, film and theater. His client list includes Ben Platt, Jonathan Pryce, Anika Noni Rose, Laura Benanti, Christopher Jackson, Stephanie J. Block, Lea Salonga, Isiah Whitlock Jr, and others.

Los Angeles-based Tancred launched her public relations career at Rogers & Cowan and then spent eight years at Sunshine Sachs. A 42West employee since 2018, her clients include Tom Hanks, Jason Statham, Lauren Ash, James Van Der Beek, Jennifer Tilly, Nico Santos, Lukas Haas, Arden Myrin, Ester Dean, Joseph Morgan, Novi Brown, Gabriel Mann, Inde Navarrette and Jesse Williams. Prior to her career in PR, she worked as an on-air talent and music director at radio stations in Portland, Oregon, Chico, California, and Albany, New York.

About Dolphin Entertainment, Inc.

Dolphin Entertainment is a leading independent entertainment marketing and production company. Through our subsidiaries 42West, The Door and Shore Fire Media, we provide expert strategic marketing and publicity services to many of the top brands, both individual and corporate, in the film, television, music and hospitality industries. In December 2019, all three PR firms were ranked among the Observer's "Power 50" PR Firms in the United States, an unprecedented achievement. Recent acquisition Be Social is a leading social media influencer marketing company, and Viewpoint Creative adds full-service creative branding and production capabilities to our marketing group. Dolphin's legacy content production business, founded by Emmy-nominated CEO Bill O'Dowd, has produced multiple feature films and award-winning digital series.

About 42West

With unparalleled experience, contacts, and expertise, 42West is one of the leading full-service public-relations firms in the entertainment industry. The firm's PR professionals have developed and executed marketing and publicity strategies for hundreds of movies, television shows, and digital productions as well as for countless individual actors, filmmakers, recording artists, and authors. In addition, 42West has also provided strategic communications counsel to a wide variety of high-profile individuals and corporate clients – ranging from movie and pop stars to major studios and media conglomerates.

This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, Dolphin Entertainment Inc.'s offering of common stock as well as expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by the use of words such as "will," "would," "anticipate," "expect," "believe," "designed," "plan," or "intend," the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, Dolphin Entertainment's actual results may differ materially from the results discussed in its forward-looking statements. Dolphin Entertainment's forward-looking statements contained herein speak only as of the date of this press release. Factors or events Dolphin Entertainment cannot predict, including those described in the risk factors contained in its filings with the Securities and Exchange Commission, may cause its actual results to differ from those expressed in forward-looking statements. Although Dolphin Entertainment believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved, and Dolphin Entertainment undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

Special Note Regarding Forward-Looking Statements

This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, Dolphin Entertainment Inc.'s offering of common stock as well as expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by the use of words such as "will," "would," "anticipate," "expect," "believe," "designed," "plan," or "intend," the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, Dolphin Entertainment's actual results may differ materially from the results discussed in its forward-looking statements. Dolphin Entertainment's forward-looking statements contained herein speak only as of the date of this press release. Factors or events Dolphin Entertainment cannot predict, including those described in the risk factors contained in its filings with the Securities and Exchange Commission, may cause its actual results to differ from those expressed in forward-looking statements. Although Dolphin Entertainment believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved, and Dolphin Entertainment undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

Contact:

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

SOURCE: Dolphin Entertainment, Inc.

ReleaseID: 603292

IRVINE, CA / ACCESSWIRE / August 27, 2020 / PRO-DEX, INC. (NASDAQ:PDEX) today announced financial results for its fiscal 2020 fourth quarter and full-year ended June 30, 2020.

Quarter Ended June 30, 2020

Net sales for the three months ended June 30, 2020 increased $4.1 million, or 59%, to $11.1 million from $7.0 million for the three months ended June 30, 2019, due primarily to increased medical device sales related to two new product launches as well as increased revenue generated from our largest customer. Revenue to our largest customer increased by $1.7 million for the quarter ended June 30, 2020 compared to the fourth quarter of the prior year. In the third quarter of fiscal 2020 we began shipping a thoracic driver to one of our existing craniomaxillofacial ("CMF") customers and sales generated in the fourth quarter of fiscal 2020 related to this new product totaled $1.0 million. In the fourth quarter of fiscal 2020 we completed the development of a next generation CMF driver for an existing customer and same quarter sales related to this new product totaled $600,000. Gross profit for the three months ended June 30, 2020 increased $1.7 million or 69%, to $4.3 million from $2.5 million for the same period in 2019. The increase in gross margin is due to better absorption of our fixed costs resulting from higher sales volumes.

Operating expenses (which include selling, general and administrative, and research and development expenses) for the quarter ended June 30, 2020 increased 53% to $2.1 million from $1.4 million in the prior year's corresponding quarter, due primarily to increased expenditures of $483,000 in general and administrative expenses due to increased equity compensation expense and increased bonus accruals and $270,000 in research and development costs to support our continued efforts to further grow our business.

Net income for the quarter ended June 30, 2020 increased by $1.7 million to $2.5 million, or $0.64 per diluted share, compared to $888,000, or $0.21 per diluted share, in the corresponding quarter in 2019.

Year Ended June 30, 2020

Net sales for the fiscal year ended June 30, 2020 increased $7.7 million, or 28%, to $34.8 million from $27.2 million for the fiscal year ended June 30, 2019, due primarily to increases in medical device revenues. Specifically, our largest customer accounted for an increase of $5.6 million in revenue during fiscal 2020 and we generated sales of $3.1 million in fiscal 2020 due to the new thoracic driver and next generation CMF driver described above.

Gross profit for the fiscal year ended June 30, 2020 increased $3.4 million, or 34%, to $13.1 million compared to $9.8 million for fiscal 2019, due to increased revenues and manufacturing efficiencies.

Operating expenses (which include selling, general and administrative, and research and development expenses) for the fiscal year ended June 30, 2020 increased 27% to $6.1 million from $4.8 million in the prior fiscal year, due to increased personnel expenses across all departments and increased equity compensation expense, bonus accruals and professional services.

Net income for the fiscal year ended June 30, 2020 was $6.1 million, or $1.50 per diluted share, compared to $4.2 million, or $0.97 per diluted share, for fiscal 2019.

Although the Company has released its earnings prior to the filing of its annual Form 10-K with the Securities and Exchange Commission, we are able to do this because we are a non-accelerated filer and as a result have more time to do so at fiscal year-end. During our quarterly reporting periods we anticipate that our earnings releases will continue to be released at the same time as our Form 10-Q's are filed with the Securities and Exchange Commission. We anticipate filing our Form 10-K with the Securities and Exchange Commission on September 10, 2020.

Guidance

Pro-Dex typically provides neither sales nor earnings guidance, and while the COVID-19 pandemic did not materially adversely affect our financial results in our fiscal year ended June 30, 2020, we cannot predict the longer-term impact of the pandemic on our business. Additionally, as described above, we released two new products in the second half of fiscal 2020 and while we expect to have future orders for these new products, often the launch or initial quantities are such that our customer can comfortably fill its distribution network and follow on orders may not occur for many months. As a result, fiscal 2020 sales of these products may not be indicative of what sales of these products may be in the future.

CEO Comments

"We are very pleased with our fourth quarter and fiscal year results, and the shipment of the thoracic driver and newly developed next-generation CMF driver. These two product releases occurred in quick succession and demonstrate the culmination of long periods of research and development as well as verification and validation. The timing of these product releases led to a record quarter. While we do not expect every quarter to have two launches and meet such record levels, we still plan to build our business year over year. Pro-Dex's priorities, in response to COVID-19, remain the health and safety of our employees, our communities, customers, and suppliers," said the Company's President and Chief Executive Officer Richard L. ("Rick") Van Kirk. "While we cannot predict the total impact caused by the pandemic, we remain committed to our strategy to continue to provide a safe workplace for our employees, excellent service to our existing customers, and new product introductions to continue to grow our business."

R&D Projects

The amount spent on projects under development is summarized below (in thousands):

 
Years Ended June 30,
 
 
 
 
 
 
 

 
2020
 
 
2019
 
 

Expected

Market
Launch

Estimated Annual

Revenue

 
Dollars in thousands
 
 
 
 
 
 
 

Total Research and development costs:

 
$
2,315
 
 
$
1,882
 
 
 
 
 
 
 

Products in development:

Thoracic Driver

 
$
41
 
 
$
339
 
 
 
*
 
 
$
4,000
 

Arthroscopic Shaver(1)

 
 
6
 
 
 
297
 
 
 
06/21
 
 
$
600
 

ENT Shaver

 
 
475
 
 
 
11
 
 
 
01/21
 
 
$
1,000
 

Arthroscopic Attachment

 
 
–
 
 
 
17
 
 
 
(2
)
 
$
150
 

CMF Driver

 
 
194
 
 
 
9
 
 
 
12/20
 
 
$
1,000
 

Sustaining & Other

 
 
1,599
 
 
 
1,209
 
 
 
 
 
 
 
 
 

Total

 
$
2,315
 
 
$
1,882
 
 
 
 
 
 
 
 
 

* We substantially completed this product and began initial shipments of a private-labeled version to an existing CMF customer during the third quarter of fiscal 2020, generating $3.1 million in revenue during fiscal 2020.

(1) This project has been internally pushed back to focus on our new internal Pro-Dex branded ENT shaver.

(2) Internal development of this project is complete, but we are looking for the most attractive sales channel and have yet to sell this product.

As we previously discussed, in early fiscal 2019 we entered a development contract with a current significant customer to private-label our thoracic driver for their unique specifications. We shipped initial launch quantities of this product during the third quarter ended March 31, 2020. Additionally, the customer CMF driver listed in the prior year was completed during fiscal 2020 and we began shipping initial quantities to this customer during the fourth quarter of fiscal 2020 and generated $556,000 in revenue related to this new product.

About Pro-Dex, Inc.:

Pro-Dex, Inc. specializes in the design, development, and manufacture of autoclavable, battery-powered, and electric multi-function surgical drivers and shavers used primarily in the orthopedic, thoracic, and maxocranial facial markets. We have patented adoptive torque-limiting software and proprietary sealing solutions which appeal to our customers, primarily medical device distributors. Pro-Dex also sells rotary air motors. Pro-Dex's products are found in hospitals and medical engineering labs around the world. For more information, visit the Company's website at www.pro-dex.com.

Statements herein concerning the Company's plans, growth and strategies may include "forward-looking statements" within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates, or projections relating to the future are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.

(tables follow)

PRO-DEX, INC.
BALANCE SHEETS
(In thousands, except share data)

 
June 30,
 

 
2020
 
 
2019
 

ASSETS

Current assets:

Cash and cash equivalents

 
$ 
6,421
 
 
$ 
7,742
 

Investments

 
 
2,560
 
 
 
1,711
 

Accounts receivable, net of allowance for doubtful accounts of $6 and $0 at June 30, 2020 and 2019, respectively

 
 
5,155
 
 
 
4,100
 

Deferred costs

 
 
155
 
 
 
430
 

Inventory

 
 
8,238
 
 
 
6,239
 

Prepaid expenses and other current assets

 
 
145
 
 
 
623
 

Total current assets

 
 
22,674
 
 
 
20,845
 

Plant, equipment and leasehold improvements, net

 
 
2,686
 
 
 
2,726
 

Right of use asset, net

 
 
2,943
 
 
 
–
 

Intangibles, net

 
 
162
 
 
 
129
 

Deferred income taxes, net

 
 
259
 
 
 
260
 

Investments

 
 
2,360
 
 
 
1,520
 

Other assets

 
 
42
 
 
 
40
 

Total assets

 
$ 
31,126
 
 
$ 
25,520
 

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

Accounts payable

 
$ 
1,965
 
 
$ 
1,996
 

Accrued liabilities

 
 
2,411
 
 
 
1,437
 

Deferred revenue

 
 
200
 
 
 
215
 

Note payable and capital lease obligations

 
 
651
 
 
 
622
 

Total current liabilities

 
 
5,227
 
 
 
4,270
 

Non-current liabilities:

Deferred rent

 
 
–
 
 
 
146
 

Lease liability, net of current portion

 
 
2,750
 
 
 
–
 

Income taxes payable

 
 
804
 
 
 
162
 

Notes and capital lease payable, net of current portion

 
 
3,283
 
 
 
3,934
 

Total non-current liabilities

 
 
6,837
 
 
 
4,242
 

Total liabilities

 
 
12,064
 
 
 
8,512
 

Commitments and Contingencies:

Shareholders' equity:

Common stock, no par value, 50,000,000 shares authorized; 3,811,137 and 4,039,491 shares issued and outstanding at June 30, 2020 and 2019, respectively

 
 
12,752
 
 
 
15,815
 

Accumulated other comprehensive loss

 
 
(1,586
)
 
 
(549
)

Retained earnings

 
 
7,896
 
 
 
1,742
 

Total shareholders' equity

 
 
19,062
 
 
 
17,008
 

Total liabilities and shareholders' equity

 
$ 
31,126
 
 
$ 
25,520
 

PRO-DEX, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)

Three Months Ended
June 30,

(Unaudited)

 
 
Years Ended
June 30,
 

 
2020
 
 
2019
 
 
2020
 
 
2019
 

Net sales

 
$ 
11,125
 
 
$ 
7,003
 
 
$ 
34,834
 
 
$ 
27,172
 

Cost of sales 

 
 
6,837
 
 
 
4,461
 
 
 
21,692
 
 
 
17,392
 

Gross profit

 
 
4,288
 
 
 
2,542
 
 
 
13,142
 
 
 
9,780
 

Operating (income) expenses:

Selling expenses

 
 
138
 
 
 
162
 
 
 
577
 
 
 
415
 

General and administrative expenses

 
 
1,137
 
 
 
654
 
 
 
3,189
 
 
 
2,492
 

Gain from disposal of equipment

 
 
(5
)
 
 
–
 
 
 
(5
)
 
 
(7
)

Research and development costs

 
 
815
 
 
 
545
 
 
 
2,315
 
 
 
1,882
 

Total operating expenses

 
 
2,085
 
 
 
1,361
 
 
 
6,076
 
 
 
4,782
 

Operating profit

 
 
2,203
 
 
 
1,181
 
 
 
7,066
 
 
 
4,998
 

Interest expense

 
 
(56
)
 
 
(65
)
 
 
(236
)
 
 
(220
)

Other income

 
 
935
 
 
 
10
 
 
 
952
 
 
 
45
 

Gain on sale of investments

 
 
25
 
 
 
–
 
 
 
25
 
 
 
356
 

Interest and dividend income

 
 
35
 
 
 
42
 
 
 
95
 
 
 
268
 

Income before income taxes

 
 
3,142
 
 
 
1,168
 
 
 
7,902
 
 
 
5,447
 

Income tax expense

 
 
596
 
 
 
280
 
 
 
1,790
 
 
 
1,299
 

Net income

 
$ 
2,546
 
 
$ 
888
 
 
$ 
6,112
 
 
$ 
4,148
 

Basic & Diluted income per share:

Basic net income per share

 
$ 
0.67
 
 
$ 
0.22
 
 
$ 
1.56
 
 
$ 
0.99
 

Diluted net income per share

 
$ 
0.64
 
 
$ 
0.21
 
 
$ 
1.50
 
 
$ 
0.97
 

Weighted average shares outstanding:

Basic

 
 
3,812,145
 
 
 
4,098,450
 
 
 
3,910,940
 
 
 
4,192,365
 

Diluted

 
 
3,979,944
 
 
 
4,204,365
 
 
 
4,078,087
 
 
 
4,298,332
 

PRO-DEX, INC.
STATEMENTS OF CASH FLOWS
(In thousands)

 
Years Ended June 30,
 

 
2020
 
 
2019
 

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

 
$ 
6,112
 
 
$ 
4,148
 

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

 
 
573
 
 
 
438
 

Gain on sale of investments

 
 
(25
)
 
 
(356
)

Non-cash lease expense

 
 
41
 
 
 
–
 

Gain on sale or disposal of equipment

 
 
(5
)
 
 
(7
)

Amortization of loan fees

 
 
9
 
 
 
7
 

Share-based compensation

 
 
286
 
 
 
37
 

Deferred income taxes

 
 
(22
)
 
 
1,418
 

Bad debt expense (recovery)

 
 
6
 
 
 
(14
)

Changes in operating assets and liabilities:

Accounts receivable

 
 
(1,061
)
 
 
(1,131
)

Deferred costs

 
 
275
 
 
 
(398
)

Inventory

 
 
(1,999
)
 
 
(1,846
)

Prepaid expenses and other assets

 
 
476
 
 
 
(326
)

Accounts payable, accrued expenses and deferred rent

 
 
604
 
 
 
1,133
 

Deferred revenue

 
 
(15
)
 
 
184
 

Income taxes payable

 
 
642
 
 
 
39
 

Net cash provided by operating activities

 
 
5,897
 
 
 
3,326
 

CASH FLOWS FROM INVESTING ACTIVITIES:

Purchases of equipment and leasehold improvements

 
 
(519
)
 
 
(1,387
)

Proceeds from dividend reclassified as return of principal

 
 
15
 
 
 
23
 

Proceeds from sale of equipment

 
 
5
 
 
 
7
 

Proceeds from collection of notes receivable 

 
 
–
 
 
 
1,219
 

Proceeds from sale of investments

 
 
128
 
 
 
1,905
 

Increase in intangibles

 
 
(46
)
 
 
(11
)

Purchase of investments

 
 
(2,822
)
 
 
(2,978
)

Net cash used in investing activities

 
 
(3,239
)
 
 
(1,222
)

CASH FLOWS FROM FINANCING ACTIVITIES:

Principal payments on capital lease and note payable

 
 
(630
)
 
 
(433
)

Borrowing from Minnesota Bank & Trust, net of loan origination fees

 
 
–
 
 
 
4,940
 

Repurchases of common stock

 
 
(3,388
)
 
 
(3,984
)

Payments of employee taxes on net issuance of common stock

 
 
–
 
 
 
(101
)

Proceeds from exercise of stock options and ESPP contributions

 
 
39
 
 
 
28
 

Net cash provided by (used in) financing activities

 
 
(3,979
)
 
 
450
 

Net increase (decrease) in cash and cash equivalents

 
 
(1,321
)
 
 
2,554
 

Cash and cash equivalents, beginning of year

 
 
7,742
 
 
 
5,188
 

Cash and cash equivalents, end of year

 
$ 
6,421
 
 
$ 
7,742
 

Contact: Richard L. Van Kirk, Chief Executive Officer
(949) 769-3200

SOURCE:  Pro-Dex, Inc. 

ReleaseID: 603491

LOS ANGELES, CA / ACCESSWIRE / August 27, 2020 / Limbach Holdings, Inc. (NASDAQ:LMB), an integrated building systems solutions firm whose expertise is design, installation, management, service and maintenance of mechanical, electrical, plumbing and control systems, today announced that it will be presenting at the LD 500 virtual investor conference on Wednesday, September 2, at 9:40 AM EDT. Charlie Bacon, Limbach's President & Chief Executive Officer, will be presenting to a live virtual audience. Limbach management will be available for 1×1 meetings, which can be scheduled through the LD 500 Conference portal.

Register here: https://ld500.ldmicro.com/

Chris Lahiji, founder of LD, stated, "We have been waiting for this moment all year long. Due to COVID, it has been nearly impossible for physical conferences to even take place. I want to show the world that you can still learn, have a great time, and see some of the most unique companies in the capital markets today. All without having to step foot outside. For the first time, LD Micro is accessible to everyone, and we are honored to welcome you to one of the most trusted platforms in the space."

The LD 500 will take place on September 1st through the 4th.

View Limbach Holdings, Inc.'s profile here: http://www.ldmicro.com/profile/LMB

Profiles powered by LD Micro – News Compliments of Accesswire

About Limbach Holdings, Inc.

Founded in 1901, Limbach is the 12th largest mechanical systems solutions firm in the United States as determined by Engineering News Record. Limbach provides building infrastructure services, with an expertise in the design, installation and maintenance of HVAC and mechanical, electrical, and plumbing systems for a diversified group of commercial and institutional building owners. Limbach employs more than 1,500 employees in 22 offices throughout the United States. The Company's full life-cycle capabilities, from concept design and engineering through system commissioning and recurring 24/7 service and maintenance, position Limbach as a value-added and essential partner for building owners, construction managers, general contractors and energy service companies.

About LD Micro

Back in 2006, LD Micro began with the sole purpose of being an independent resource to the microcap world.

What started as a newsletter highlighting unique companies, has transformed into the pre-eminent event platform in the space.

The upcoming "500" in September is the Company's most ambitious project yet, and the first event that is accessible to everyone.

For those interested in attending, please contact David Scher at david@ldmicro.com or visit www.ldmicro.com for more information.

Contact:

The Equity Group, Inc.
Jeremy Hellman, CFA
Vice President
(212) 836-9626 / jhellman@equityny.com

Or

Limbach Facility Services LLC
S. Matthew Katz
Executive Vice President – Mergers, Acquisitions and Capital Markets
(212) 201-7006 / matt.katz@limbachinc.com

SOURCE: Limbach Holdings, Inc. via LD Micro

ReleaseID: 603681

HOUSTON, TX / ACCESSWIRE / August 27, 2020 / On August 27, 2020, PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company") issued a status update regarding the August 26, 2020 open letter delivered by the Company to The Bank of New York Mellon Trust Company, N.A., as trustee of the SandRidge Permian Trust (NYSE:PER)(the "Trustee" and the "Trust"), the common unit holders of the Trust (the "Unit Holders"), and Avalon Energy, LLC ("Avalon") as a holder of Trust common units and the operator of the assets underlying the Trust, regarding PEDEVCO's interest in a potential acquisition of all the common units of the Trust (the "Trust Units"), its underlying assets, and operatorship thereof, which open letter was included in the Company's press release filed on August 26, 2020 (the "August 26th Press Release").

Subsequent to the Company's delivery of its initial indication of interest to the Trustee, on August 26, 2020, the Trustee notified the Company that its authority as Trustee is limited to taking actions in furtherance of achieving the purposes of the Trust as set forth in the Trust's trust agreement, and, as a result, the Trustee is not authorized to enter into an arrangement with an offeror with respect to a negotiated exchange offer or tender offer for the outstanding Trust Units, or to express support for any such offer, and, accordingly declined to enter into discussions with the Company regarding the proposed transactions contemplated by the Company's indication of interest. Notwithstanding such response, the Company promptly requested that the Trustee engage in discussions with the Company regarding communication of the Company's indication of interest to the Unit Holders, receipt of a Unit Holder list to facilitate such communication by the Company, and to discuss working together to extend the Trust's pending delisting deadline from the New York Stock Exchange. To date, the Company has not received a response to such request from the Trustee. Accordingly, although the Trustee has stated that it has no authority to enter into an arrangement with the Company or to negotiate such arrangement, the Company has continued to request that the Trustee engage in discussions with the Company regarding its indication of interest and in furtherance of a potential transaction, to the extent permitted by the Trust's trust agreement and consistent with the Trust's duties to the Unit Holders.

In addition, the Company is aware that Montare Resources I, LLC ("Montare") announced today that it has entered into an agreement with Avalon and its affiliates (a holder of 25% of the issued and outstanding Trust Units and the operator of the assets underlying the Trust) regarding Avalon's ownership of its Trust Units, 100% of the working interests underlying the overriding royalty interests owned by the Trust, and all other related assets used in connection with operating the underlying properties related thereto. As stated in the public announcement, "Avalon Energy has agreed, subject to the satisfaction of certain conditions, to contribute all of its Units and its other Trust related assets to Montare and has granted Montare an irrevocable proxy to vote its Units. Avalon has also granted exclusivity to Montare with respect to any transaction involving Avalon and/or the Trust, and has agreed to support Montare's acquisition of the Trust (either by merger, acquisition of assets, acquisition of the remaining Units not owned by Avalon or otherwise) and not to take any action that is detrimental to or hinders Montare's ability to consummate an acquisition of the Trust." Given this new information regarding Avalon and its exclusive arrangement with Montare, the Company plans to attempt to engage in direct discussions with both Avalon and Montare regarding the Company's prior indication of interest relating to the potential acquisition of all the Trust Units, its underlying assets, and operatorship thereof.

It is important to note that as of the date of this filing, PEDEVCO has only delivered preliminary indications of interest to the Trustee, Unit Holders and Avalon requesting meaningful discussion with PEDEVCO regarding a potential acquisition of all the Trust Units, the Trust's underlying assets, and operatorship thereof, as specifically detailed in the open letter announced in the August 26th Press Release. PEDEVCO has not entered into any agreements (binding or otherwise) with any of the Trustee, Trust, Unit Holders or Avalon regarding the indication of interest or any transactions proposed therein, and there can be no assurances that any of these parties will be interested in pursuing any such transactions, that mutually agreeable terms can or will be agreed to, that any definitive agreements will be entered into, that any required conditions to closing the transactions contemplated by such definitive agreement will occur (which PEDEVCO anticipates will require among other things, the filing and effectiveness of a registration statement to register shares of PEDEVCO's common stock issuable in exchange for Trust Units) or that any such transactions will be consummated. We further note that any potential transaction between PEDEVCO, the Trust, the Trust Unit holders, Avalon and/or Montare, may be hindered by, or unable to proceed at all, due to, the Trustee's initial indication of its unwillingness to engage in any discussions with PEDEVCO, and Avalon's entry into an exclusive agreement with Montare as announced today that contemplates a similar transaction involving Avalon and/or the Trust in support of Montare's acquisition of the Trust, which could directly compete with, frustrate or end PEDEVCO's efforts to achieve the same result. There is a significant risk and a strong possibility that the Trustee will never enter into discussions with PEDEVCO, that the proposed transaction will never progress past the indication of interest phase, that no definitive agreements will ever be entered into between the parties, and PEDEVCO will never acquire the Trust or its assets.

About PEDEVCO Corp.

PEDEVCO Corp. (NYSE American:PED), is a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects in the United States. The Company's principal assets are its San Andres Asset located in the Northwest Shelf of the Permian Basin in eastern New Mexico, and its D-J Basin Asset located in the D-J Basin in Weld and Morgan Counties, Colorado. PEDEVCO is headquartered in Houston, Texas.

About This Press Release

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval or an exchange offer. If any offer, sale, solicitation or exchange offer is made, the Company will file with the Securities and Exchange Commission ("SEC") a registration statement, a proxy statement and/or a Schedule TO. IF AND WHEN ANY SUCH DOCUMENTS ARE FILED, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ SUCH DOCUMENTS AND ANY OTHER DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY PROPOSED TRANSACTION. Investors and shareholders will be able to obtain free copies of any such documents, if and when any such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by PEDEVCO (File No. 001-35922) will also be available free of charge on PEDEVCO's internet website at www. https://www.pedevco.com under the tab "Investors" and then under the tab "SEC Filings."

PEDEVCO's directors and certain of their executive officers, who may be deemed to be participants in the solicitation of proxies, do not have any direct or indirect interest in the Trust or Avalon, through security holdings or otherwise. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will also be contained in any proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.

The discussions and opinions in this press release are for general information only, and are not intended to provide investment advice. Certain information included in this material is based on data obtained from sources considered to be reliable. No representation is made with respect to the accuracy or completeness of such data, and any analyses provided to assist the recipient of this letter in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should also not be viewed as factual and also should not be relied upon as an accurate prediction of future results.

Cautionary Statement Regarding Forward Looking Statements

All statements in this press release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Acts"). In particular, when used in this press release, the words "estimates," "believes," "hopes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts, and are subject to the safe harbor created by the Acts. Any statements made in this press release other than those of historical fact, are forward-looking statements. While PEDEVCO has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Company's control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under Item 1A "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 and subsequently filed Quarterly Reports on Form 10-Q under the heading "Risk Factors". Such risks, uncertainties, and other factors also include risks relating to the inability of the Company to engage in meaningful discussions with the Trustee regarding a potential transaction and/or to obtain information required for the Company to move forward with a proposed transaction; the inability of the Company, the Trustee, the Trust, Avalon and/or Montare to enter into any definitive agreements regarding a proposed transaction, or agreeing on mutually agreeable terms relating thereto; the failure of the Trust Unit holders, if required, to approve the terms of any acquisition; the dissolution and/or liquidation of the Trust prior to any future transaction being completed; the failure to complete and close any transactions which are agreed to and memorialized in a future definitive agreement; the Company's ability to obtain shareholder approval for any proposed transaction and/or being able to obtain effectiveness of any registration statement required to be filed to register shares issuable in such transaction; the risk that regulatory approvals required for the transaction are not obtained on a timely basis or at all; the risk that future mutually agreed upon closing conditions may not be able to be met; the risk of prevailing economic, market, regulatory or business conditions, related to COVID-19 or otherwise, or changes in such conditions, negatively affecting the parties or any future transaction; and others. The Company operates in a highly competitive and rapidly changing environment, thus new or unforeseen risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statements, except as otherwise required by law, and also undertakes no obligation to update or correct information prepared by third parties that is not paid for by the Company. Readers are also urged to carefully review and consider the other various disclosures in the Company's public filings with the SEC.

CONTACT:

PEDEVCO Corp.
1-713-221-1768

SOURCE: PEDEVCO Corp

ReleaseID: 603680

ATLANTA, GA / ACCESSWIRE / August 27, 2020 / In Spring of 2009, the Filipino Immigration Bureau provided just three foreign nationals with exclusive indefinite Job Generation Visas, in response to their hiring and continued employment of Filipinos. Alongside American Thomas Michael Reilly and Malaysian Tan Kee Lian, Deepak Agarwal was given a Special Visa for Employment Generation (SVEG), after employing 700 Filipinos as full-time and regular employees in managerial, executive, professional, technical, skilled, or unskilled positions.

Deepak "Dee" Agarwal is a multi-talented entrepreneur who has founded several large and successful ecommerce businesses. Best known for founding and leading the online retailer NoMoreRack.com, in 2009 he was an incorporator of ContactCenter.com, a call center firm that provides data entry, phone support, and a host of other skilled services for its clients. Agarwal employed more than 700 Filipino workers in a variety of positions, and the business expanded vastly during his tenure, providing greater economic opportunities for Filipinos. Eleven years later, he has reflected on what his work in the Philippines meant to him.

"I was incredibly honored to be given this visa," remembers Dee. "Our work in the Philippines was an extraordinary experience, and to be honored with this privilege from the Filipino government was a true sign of faith in our continued collaborative work."

The visa-issuance also came at an extremely opportune moment. "At the time, the Philippines was suffering the extended effects of the global recession," says Deepak. "The government was extremely thankful that we were continuing to do business there, and to reinvest in their country."

Although he has since moved on from ContactCenter.com, Deepak Agarwal remembers cutting his teeth there as both a young entrepreneur and head of a tech startup. According to Dee, some of his fondest memories in his early career were from his work with associates in the Philippines. The fact that he was doing something few others had been able to was not lost on him.

"As one of only three foreign nationals to receive an indefinite visa from the Filippino government for work I was doing, I was grateful to be trusted by the Filippino government enough to receive a visa to continue working in the technology sector there," says Dee.

These days Deepak Agarwal continues to work in entrepreneurial ventures and philanthropy. More information on his ‘Job Generation' visa can be found at the original press release on the GMA News Network.

CONTACT:
Andrew Mitchell
Email: media@cambridgeglobalmedia.com
Phone: 404-955-7133

SOURCE: Scenic Figure

ReleaseID: 603679

Appointment of William H. Craig to be Chief Financial Officer of IEH Corporation

BROOKLYN, NY / ACCESSWIRE / August 27, 2020 / IEH Corporation (OTCQX:IEHC) ("IEH") or the "Company), which designs, develops, and manufactures printed circuit board (PCB) connectors, custom interconnects and contacts for high-performance applications, today announced that William H. Craig will become the Company's new Chief Financial Officer and Treasurer. He will replace Robert Knoth, who is officially retiring later this month. Mr. Craig's appointment was approved by the Board of Directors of the Company and will become effective on the next business day following the Company filing its Annual Report on Form 10-K for the fiscal year ended March 31, 2020 with the U.S. Securities and Exchange Commission and upon Mr. Knoth's official retirement date.

Mr. Offerman expressed that "The Board of Directors and I could not be more thrilled to welcome Bill to the IEH team as our new Chief Financial Officer. With Bill's extensive background in finance and accounting and his leadership experience in manufacturing, we have no doubt his contributions will be both immediate and substantial."

Mr. Craig commented on his appointment: " I am excited about joining the IEH team. The Company has an amazing legacy and a bright future. My goal is to contribute to the team in achieving that future."

Mr. Knoth will be retiring after 30 years of service at IEH as the Company's Chief Financial Officer and Treasurer.

Mr. Offerman also observed on the retirement of Mr. Knoth: "It is with equal measures of sadness and gratitude that we congratulate Bob Knoth on his upcoming retirement from IEH. In a career spanning 30 years, Bob led us through times both prosperous and lean, and always remained loyal, steadfast and dedicated to the company and its growth. Although he will remain available to provide guidance and support as needed, his daily presence in the office will be missed by all".

About IEH Corporation

For over 78 years and 4 generations of family-run management, IEH Corporation has designed, developed, and manufactured printed circuit board (PCB) connectors, custom interconnects and contacts for high-performance applications. With its signature Hyperboloid technology, IEH supplies the most durable, reliable connectors for the most demanding environments. The Company markets primarily to companies in defense, aerospace, space, and industrial applications, in the United States, Canada, Europe, Southeast and Central Asia, and the Mideast. The Company was founded in 1941 and is based in Brooklyn, New York.

Cautionary Statements Concerning Forward-Looking Statements

This report contains forward-looking statements within the meaning of Section 24E of the Exchange Act and Section 27A of the Securities Act. Any statements contained in this report that are not statements of historical fact may be forward-looking statements. When we use the words "anticipates," "plans," "expects," "believes," "should," "could," "may," "will" and similar expressions, we are identifying forward-looking statements. All statements that express expectations, estimates, forecasts, or projections are forward-looking statements within the meaning of the Securities Act and the Exchange Act, respectively. We have based these forward-looking statements largely on our current expectations and projections about future financial events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Forward-looking statements involve risks and uncertainties, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. These risks and uncertainties include the outbreak of the novel coronavirus ("COVID-19"), including the measures to reduce its spread, and its effects on the economy and the business sectors for which we provide products and services, our limited experience with our business plan; pricing pressures on our product caused by competition; the risk that our products will not gain market acceptance; our ability to obtain additional financing; our ability to protect intellectual property; and our ability to attract and retain key employees. No forward-looking statement is a guarantee of future performance, and you should not place undue reliance on any forward-looking statements. Our actual results may differ materially from those projected in any forward-looking statements, as they will depend on many factors about which we are unsure, including many factors beyond our control. The impact of COVID-19 may make our actual results uncertain, and cannot be predicted, and may precipitate or exacerbate other risks and uncertainties. For specific risks related to the COVID-19 pandemic, refer to Item 1A – Risk Factors in this Annual Report on Form 10-K.

Except as may be required by applicable law, we do not undertake or intend to update or revise our forward-looking statements, and we assume no obligation to update any forward-looking statements contained in this report as a result of new information or future events or developments. Thus, you should not assume that our silence over time means that actual events are bearing out as expressed or implied in such forward-looking statements. You should carefully review and consider the various disclosures we make in this report and our other reports filed with the Securities and Exchange Commission ("SEC") that attempt to advise interested parties of the risks, uncertainties and other factors that may affect our business.

CONTACT: 
Dave Offerman, President
718-492-9698
dave@iehcorp.com

SOURCE: IEH Corporation

ReleaseID: 603674

LOS ANGELES, CA / ACCESSWIRE / August 27, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org/) has launched a new blog post that explains from what reasons car insurance companies consider some drivers as high-risk.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/what-are-high-risk-drivers/

Drivers should avoid being classified as high-risk by insurance companies. The premiums paid by high-risk drivers can be very high, and especially for those who are required to carry full coverage. Usually, persons who are more likely to cause accidents are considered high-risk.

High-risk drivers are classified as such for the following reasons:

Drivers with major traffic violations. Drivers who are involved in at-fault accidents or they are caught driving while being intoxicated are very likely to be considered high-risk by the insurance providers.
Drivers who have both tickets and at-fault accidents. One traffic violation is enough for a driver to be considered at a higher risk than someone with none. Some insurers offer special options that will forgive one or a few tickets and accidents. Drivers that are filing claims are more likely to be considered high-risk. In some cases, the insurance rates will go up even if a driver completes a claim for a no-fault accident. All of these unpleasant premium increases can be avoided by drivers if they purchase accident forgiveness.
Drivers with no prior insurance. Drivers who just purchased their insurance are considered high-risk. To get rid of this label, new drivers need to be continuously insured for at least six months.
Drivers with a bad credit score. One of the most important factors used by the insurers in order to determine the driver's insurance premiums is the credit score. Drivers with a really poor credit score are considered high-risk by the insurance providers.
Teen drivers. The statistics show that teen drivers are more likely to be involved in car accidents. For this reason, insurance carriers classify teen drivers as high-risk.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

"You should do anything you can in order to avoid being labeled as a high-risk driver. High-risk drivers pay huge amounts of money in order to get coverage", said Russell Rabichev, Marketing Director of Internet Marketing Company.

CONTACT:

Company Name: Internet Marketing Company
Person for contact Name: Gurgu C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org/

SOURCE: Internet Marketing Company

ReleaseID: 603654

HOUSTON, TX / ACCESSWIRE / August 27, 2020 / Vertex Energy, Inc. (NASDAQ:VTNR) ("Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality hydrocarbon products, today provided an assessment of the impact of Hurricane Laura on its operations.

The Company confirmed that all employees are safe and accounted for in the wake of the storm. Vertex Energy also confirmed that all facilities along the Gulf Coast, including the Marrero, Louisiana refinery, weathered the storm without taking on damage and remained operational. In the surrounding areas, heavy flooding from Hurricane Laura has temporarily halted barge and rail traffic, limiting the transport of used motor oil feedstock to the refinery, as well as the ability of the company to transport finished products out of the refinery. As a result, the Marrero refinery has elected to temporarily reduce its run rates for the time being. Vertex Energy anticipates this flooding to subside within a matter of days, allowing for a resumption in the normal flow of feedstock and products.

Vertex Energy will continue to monitor any storm-related impacts to its business.

ABOUT VERTEX ENERGY

Houston-based Vertex Energy, Inc. (NASDAQ:VTNR) is a specialty refiner of alternative feedstocks and marketer of high-purity petroleum products. Vertex is one of the largest processors of used motor oil in the U.S., with operations located in Houston and Port Arthur (TX), Marrero (LA) and Heartland (OH). Vertex also co-owns a facility, Myrtle Grove, located on a 41-acre industrial complex along the Gulf Coast in Belle Chasse, LA, with existing hydro-processing and plant infrastructure assets, that include nine million gallons of storage. The Company has built a reputation as a key supplier of Group II+ and Group III base oils to the lubricant manufacturing industry throughout North America.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements, including information about management's view of Vertex Energy's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "hopes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Vertex Energy, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Vertex Energy files with the Securities and Exchange Commission, including, but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Vertex Energy's future results. The forward-looking statements included in this press release are made only as of the date hereof. Vertex Energy cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Vertex Energy undertakes no obligation to update these statements after the date of this release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by Vertex Energy.

CONTACT

Noel Ryan, IRC
720.778.2415
IR@vertexenergy.com

SOURCE: Vertex Energy, Inc.

ReleaseID: 603670

NEW YORK, NY / ACCESSWIRE / August 27, 2020 / At 30, Adam Jablin seemed to have it all: a successful job, sculpted body, a beautiful family with a new baby, and a great home. Instead of the picture perfect vision, however, Adam was actually struggling with alcoholism and addiction.

Luckily, Adam had the support of his family, who took him to rehab. While in rehab, his world changed.

"I met spiritual teachers, doctors, psychiatrists, and other alcoholics and addicts that led me to a final confrontation with my disease. My journey led me to face not just alcohol and drugs but all of my addictions and dependencies. My classic tale of descent and redemption, told with humor and heart, can unleash the Superman hidden in each of us," Adam says.

The pull into addiction was from pressure from expectations of his family business. Adam's family business was the top lace manufacturer in the world, and Adam was the third generation to run it. This pressure made running the business suffocating. Luckily, his journey through recovery changed managing the business into a blessing. "I became Phil Jackson. I saw how to lead our super staff by example. I knew how to inspire, with my unique emotional approach to business. I had the ability to see people's strengths and weaknesses and figure out where they'd thrive. I knew when to call a time-out. I knew when to substitute players. I knew when to let our team on the floor play out their mistakes. I found the power within myself to cream momentum. Most of all, I showed love and respect to each and every employee." The family's decision to sell the business launched Adam's new career.

Now, Adam has the time and dedication to focus on his own business – a coaching program called the Hero Project. In 90 days, Adam's program is able to bring his clients "from zero to hero", and…he LOVES what he does.

Adam was always hardwired for helping others, even when it didn't always make the most sense for him.

"I was a tough kid, but when boxing, I would show my opponent what I did to win. When I was playing football, I never would lay anyone out. I always wrapped up properly and helped the guy up after. My coach hated it! It made me feel small. Same in the gym… I always wanted the best for the other person. Now, I can finally do that!," Adam states.

His inspiration to get into the business came as a calling. Adam knew he had to share his journey with others, which inspired him to write his first book and #1 bestseller: LOTSAHOLIC: From A Sick to Sober Superman.

This book has brought Adam a great deal of success. To him, success and fulfillment are two different things.

"Success to me is similar to looking at a bank account that has a lot of money. An album or a book hitting #1. Winning the Super Bowl. Fulfillment is where it's at! Fulfillment is living with grace, purpose, and clarity. I believe I have found the privileged way of life," Adam explains.

While Adam is able to revel in his success and fulfillment now, the path here wasn't always clear. Adam needed to overcome many obstacles, namely being able to truly be himself and to lead his business and his personal life in that way. Now, this obstacle has been turned into his strength, and Adam is able to see his personality as the main differentiating factor he has from his competition.

"In setting myself apart from others, I could give you the competitive answer, "I will outwork you!" Which I will. But the truth is I differ by just being Adam Jablin. I don't look at others as competition. There's the right voice and the right message for everybody. I just need to be authentic, it will all fall into place," Adam outlines.

This realization has led Adam to true spiritual freedom. Adam fully understands that there may be other work to free yourself in other aspects of your life.

"Financial freedom means simply that: you're free financially. I've seen people with financial freedom die from alcoholism and addictions. You're free financially, but you are not free spiritually! What my mentor and Rock n' Roll Hall of Famer Dion DiMucci did for me, I want to pass on to others," Adam says.

Adam's program, THE HERO PROJECT has been a huge hit and his clients rave about it. There's now a waiting list to join. "I feel blessed to have been put in this position. I truly feel I have found the privileged way of life. I feel like Superman."

Check out Adam's website, and reach out for his advice or help.

CONTACT:

Paula Henderson
646-736-2071
phendersonnews@gmail.com

About VIP Media Group:

VIP Media Group is a hybrid PR agency. Their diverse client base includes top-class entrepreneurs, public figures, influencers, and celebrities.

SOURCE: VIP Media Group

ReleaseID: 603667