Monthly Archives: November 2020

ØHENRY Thriving Amidst a Crisis-Riddled Year

HOLLYWOOD, CA / ACCESSWIRE / November 24, 2020 / Despite 2020 being one of the toughest years in history, musician ØHENRY has had a breakout season. The artist achieved many feats, including playing a part in a Billboard #1 album called Rare, singing background vocals on the song "Ring." He also participated in Bankrol Hayden's debut album "Pain is Temporary" as writer on the song "Ballin." The singer and songwriter gained these achievements and more on top of building his music brand in one of the harshest times.

The musician can only call himself blessed, gaining ground as one of the music world's best in R&B and hip hop as he collaborated with various international artists, went platinum, and developed some of his best material by far. Adapting and shifting during these tough times, Henry Oyekanmi, aka ØHENRY, chose to thrive and not just survive. Today, he reaps the benefits of all his hard work.

Getting to where he is today was far from easy. The Nigerian-American artist and producer from Oakland, California, had to put in the work. Growing up was far from a walk in the park for Henry for most of his life, but he always had music as a form of escape. He would jam with his friends every day after school, playing drums, percussion, and piano from an early age.

For a time, ØHENRY joined a band named "Poplyfe" and toured around the Bay Area, playing in festivals and concert venues with the band. Before the band would win fourth place in "America's Got Talent," Henry left the group to attend a scholarship summer program at the Berklee College of Music, which would later lead to a full-tuition scholarship and a degree in Music Business Management.

In 2015, Henry landed an internship with music bigs in Los Angeles. He connected with many other musicians, executives, and producers, building a solid network and setting himself up for the long haul. After returning to school and completing his degree, he would fly back to LA to start chasing after his dream of building a career around music. ØHENRY landed a brief assistant gig at APG, working directly under Jeff Vaughn. This job required Henry to search for upcoming talent, in which he then decided he was more than good enough to make his own music, and the rest is history.

ØHENRY has written and released a slew of high-quality tracks that have circulated streaming platforms and radio stations all over the country. In 2017, he started publishing singles like "Brand New," "Put It Down," "All Night," and "One More Night." The same year he released his first album, "Red Roses," which put him on the map. Since then, he's released track after track, building up his brand in the R&B and hip-hop world.

The versatile artist's sound is smooth and groovy, instantly turning into earworms. The level of songwriting and performance quality would pick the interest of his now mentor Nolan Lambroza, AKA "Sir Nolan," who would be instrumental to the artist's entry into the halls of music bigs.

Since his humble and early days, ØHENRY has gone far, breaking into Spotify hit playlists and gathering thousands of streams on the music platform a month. He's also worked with other iconic artists. Henry Oyekanmi hopes to continue making music and travel the world, doing what he loves best. And after his breakthrough year, he'll likely be rising to new heights very soon.

Company: Creatives Only Club
Email: info@creativesonlyclub.com
Phone Number: 310-854-9405
Website: www.ohenrymusic.com

SOURCE: Creatives Only Club

ReleaseID: 618296

AmplifyX Goes Live, Democratizing Access to Music Investment

LOS ANGELES, CA / ACCESSWIRE / November 2020 / Artists are already signing on with AmplifyX, a platform allowing people to directly invest in both established and emerging artists. In an industry that has long been seen as impenetrable for outside investors, CEO Adam Cowherd notes that the time has never been more ripe for a surge in music investment. "The younger generation is more financially active than ever before," he notes. "Due to smartphones, it's just as easy to buy a stock as it is to listen to music."

AmplifyX's Beta comes at a time of anticipation for the music industry. Despite the short-term drop in revenue due to live concert cancellations across the globe, a report on the music industry predicts an overall rise to $131 billion by 2030. As investors increasingly recognize music as a valuable and reliable alternative asset class, new investment opportunities are set to play a major role in this predicted climb. Music can be a smart alternative investment to hedge your portfolio, along with art, cars, trading cards, and more. As various funds and public companies have been created as vehicles for music investment-most notably Hipgnosis Songs Fund and Round Hill Music-the appetite for these investments rises into the billions.

AmplifyX opens possibilities for direct artist-investor relations based on transparency, trust, and consumer confidence. In addition to being registered with the SEC and a member of FINRA, AmplifyX evaluates emerging artists for a baseline number of online listeners, social media followers, and a core management team-metrics that potentially indicate the likelihood of quality investments.

AmplifyX's first artist is Detroit native Rocky Badd. To date, Rocky has amassed over 330,000 social media followers and over 11 million YouTube views as a fully independent artist. Rocky Badd is partnering with AmplifyX to allow her supporters to invest in a piece of her work. "It's the ultimate way to give back to those who have believed in me over the years," she says.

As investors build portfolios of the artists they want to support, AmplifyX's desktop and mobile-friendly dashboard offers detailed analytics of each potential investment, including play numbers, listener paths, and catalog insights. When the time comes to make choices, investors are well-informed, armed with consumer confidence and the power to affect major change for artists they choose to invest in. AmplifyX democratizes access to the music industry and, in turn, gives artists an alternative financing model.

For the artists, that path includes retaining control over their intellectual property, creative freedom, as well as up to 90% of their royalties. Partnerships between AmplifyX and companies like Chartmetric, Cadenza.tv, CrowdFreak, Jeeni, and The Rattleoffer resources and infrastructure that artists would typically find at a record label.

In a music industry that's long been criticized for its tendencies toward artist exploitation, AmplifyX's well-regulated artist investment ecosystem carries the promise of growth and change. Many established artists are leaving behind once-traditional record labels for independent ownership. In fact,a report estimates that indie artists will generate $2 billion in revenue in 2020. "AmplifyX works for the independent artist, allowing them to retain their rights while providing them with an alternative financing source and another vehicle to foster artist-to-fan engagement," says VP of Business Development Kelli Richards, whose industry experience includes having launched and led Apple's initial focus on music and having been a label exec at EMI Music.

The AmplifyX solution means a bright future for artists, investors, and listeners alike. "If artists have people who really care deeply about their music, and are willing to put their money where their ears are, we're going to see the potential for incredible opportunities for all parties," says Cowherd. He and his team at AmplifyX are ready to open up the music industry to investors looking for a new, evergreen option-one with the power to effect widespread change and open doors that have long been closed to external investors.

Company: AmplifyX
Email: Questions@amplifyx.com
Phone number: 213-577-4929
Website: www.amplifyx.com

SOURCE: AmplifyX

ReleaseID: 618290

Charleys Philly Steaks Opens First Location Within Walmart

COLUMBUS, OH / ACCESSWIRE / November 24, 2020 / Charleys Philly Steaks announced today the opening of its newest location in partnership with Walmart. This location marks the first Charleys Philly Steaks opening within Walmart, with growth plans for ten more Walmart locations next year.

Charleys' updated store design for Walmart is centered around not only food, but fun family experiences, including arcade games and whimsical design elements.

The Walmart menu will include grilled-to-order cheesesteaks, boneless and classic chicken wings, along with loaded gourmet fries and real fruit lemonades. Guests will also enjoy special value-priced food bundles available only at Walmart locations, along with ice cream sundaes and Icees.

"We are excited about this opportunity to partner with Walmart, and also to bring smiles to our guests with an updated and whimsical environment. Guests can take a selfie with a giant grill spatula, which may be the world's largest, or be mesmerized by our giant doodle wall. It's all about having a little fun and taking a break from the hustle and bustle of a busy day," said Brian Hipsher, Chief Marketing Officer for Charleys Philly Steaks.

Located in the Walmart at 3900 Morse Rd., Columbus, OH, the restaurant officially opened at 10:00 A.M. Limited seating is available within the restaurant's dining space and the store will be offering online ordering, curbside pick-up, and third-party delivery, as well as the brand's newly launched mobile app and rewards program. Customers who visit the store during opening week can look forward to exclusive rewards when they check-in at the location on the Charleys Rewards app! The location will also be running a contest on social media where one lucky fan in Columbus can win free food for a year.

This location launches the brand's pilot program with Walmart. Future locations are opening within the retail supercenter chain in early 2021, with the potential for further expansion.

About Charleys
In 1986, Charleys redefined the cheesesteak. Today, over 600 locations in 47 states and 16 countries in North America, South America, Asia, and Europe serve up the #1 Cheesesteak In The World® made with fresh, quality ingredients, always grilled-to-order. Also known for its loaded gourmet fries and refreshing real fruit lemonades, the restaurant franchise is quickly expanding to serve the world's favorite cheesesteaks across the globe. For more information on Charleys Philly Steaks, visit www.charleys.com or follow us on Facebook and Instagram at @charleysphillysteaks and Twitter at @charleys.

SOURCE: Charleys Philly Steaks

ReleaseID: 618289

Private Placement of Subordinated Debt

Community First Bancorporation today announced the completion of a private placement of $10.0 million of its 5.125% Fixed-to-Floating Rate Subordinated Notes due 2030 to certain qualified institutional buyers and accredited investors.

WALHALLA, SC / ACCESSWIRE / November 24, 2020 / Community First Bancorporation (the "Company") (OTC PINK:CFOK), the bank holding company for Community First Bank (the "Bank"), today announced the completion of a private placement of $10.0 million of its 5.125% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes") to certain qualified institutional buyers and accredited investors.

The Notes have a maturity date of November 23, 2030 and initially bear interest, payable semi-annually in arrears, at a fixed annual rate of 5.125% per annum until November 23, 2025. Commencing on that date, the interest rate applicable to the outstanding principal amount due will be reset quarterly to an interest rate per annum equal to a benchmark rate, which is expected to be the three-month secured overnight financing rate (SOFR) plus 484.3 basis points, payable semi-annually in arrears, until maturity or earlier redemption date. The Company may redeem the Notes at par, in whole or in part, at its option, beginning on November 23, 2025. The Notes are intended to qualify as Tier 2 capital for regulatory capital purposes for the Company.

The Company intends to use the net proceeds from the private placement to fund $8.8 million of its purchase of Security Federal Bancorp announced on October 9, 2020, to enhance its and the banks regulatory capital and for general corporate purposes.

D.A. Davidson and Co. served as sole placement agent for Community First and Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, served as legal counsel.

Media Contact Information:

Alisa Suddeth
asuddeth@c1stbank.com
(O) 864-886-7184

SOURCE: Community First Bancorporation

ReleaseID: 618287

Cipherloc Appoints Nick Hnatiw as CTO

AUSTIN, TX / ACCESSWIRE / November 24, 2020 / Cipherloc Corporation (OTCQB:CLOK) ("CipherLoc"), a developer of advanced encryption technology, announced the appointment of Nick Hnatiw as Chief Technology Officer, bringing additional leadership experience in the information security, department of defense and commercial communities to Cipherloc.

"As we continue our drive to commercial activity, Nick brings additional experience to both our government and commercial initiatives," said David Chasteen, CEO of Cipherloc. "Cipherloc has taken significant steps in 2020 to move our vision forward, including a refocused, lean operating structure and significant progress on our partnership efforts. We are excited to welcome Nick to the team as to work to bring these efforts to full fruition ahead."

"I am excited to join the Cipherloc team as we transition to full commercial operations," said Nick Hnatiw, CTO of Cipherloc. "Cipherloc's unique encryption capabilities are well documented and now in the hands of a growing number of key partners and distributors able to deploy our technologies into mission critical applications. I look forward to helping advance our technology and roll out our first commercial deployments ahead."

Hnatiw has more than 15 years of experience creating software technologies from network security to artificial intelligence. Nick has led the design and development of a security risk assessment SaaS platform, run a security monitoring service with a custom-built next generation automation and SIEM system. Prior to this, Nick served as the technical director for network operations supporting US Cyber Command, US Intelligence Agencies, and other Department of Defense research organizations. Hnatiw earned a BS in computer engineering and computer science at the University of Massachusetts, Amherst.

Additionally, Dr. Milton Mattox, Chief Operating Officer, announced his departure from Cipherloc.

"We wish to thank Milton for his dedication to bringing Cipherloc through this transition and wish him well in his next role" said Chasteen. "He has been an important part of our development, testing and partnership programs, all of which have been enhanced through his contributions to our success."

About Cipherloc Corporation (OTCQB:CLOK)
Cipherloc Corporation provides advanced technology and expertise to secure your data Cipherloc Corporation provides advanced technology and expertise to secure your data and safeguard your privacy with the speed you need today and the agility you'll need tomorrow. Our patented Polymorphic Encryption technology provides a layer of security that is stronger, adaptable, and scalable across a variety of applications and systems. Learn more at www.cipherloc.net.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

Investor Contact:
Matt Kreps
Darrow Associates Investor Relations
214-597-8200
mkreps@darrowir.com

SOURCE: Cipherloc Corporation

ReleaseID: 618278

Calian Declares a Quarterly Dividend of $0.28 per Share

OTTAWA, ON / ACCESSWIRE / November 24, 2020 / Calian Group Ltd. (TSX:CGY) today declared a quarterly dividend of $0.28 per share. The dividend is payable December 22, 2020 to shareholders of record as of December 8, 2020. Dividends paid by the Corporation are considered "eligible dividend" for tax purposes.

About Calian

Calian employs over 4,400 people in its delivery of diverse products and solutions for private sector, government and defence customers in North American and global markets. The Company's diverse capabilities are delivered through four segments: Advanced Technologies, Health, Learning and Information Technology. The Advanced Technologies segment provides innovative products, technologies and manufacturing services and solutions for the space, communications, defence, nuclear, government and agriculture sectors. The Health segment manages a network of more than 1,800 health care professionals delivering primary care and occupational health services to public and private sector clients across Canada. Learning is a trusted provider of emergency management, consulting and specialized training services and solutions for the Canadian Armed Forces and clients in the defence, health, energy and other sectors. The Information Technology segment supports public- and private-sector customer requirements for subject matter expertise in the delivery of complex IT and cyber security solutions. Headquartered in Ottawa, the Company's offices and projects span Canada and international markets.

For investor information, please visit our website at www.calian.com or contact us at ir@calian.com

Kevin Ford
President and Chief Executive Officer
613-599-8600

Patrick Houston
Chief Financial Officer
613-599-8600

Media inquiries:
613-599-8600 x 2298

SOURCE: Calian Group Ltd.

ReleaseID: 618264

Pelangio Exploration Increases Size of Previously Announced Private Placement to up to $2.221 Million

TORONTO, ON / ACCESSWIRE / November 24, 2020 / Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) ("Pelangio" or the "Company") is pleased to announce that due to additional demand, the Company has increased the size of its previously announced non-brokered private placement of hard dollar units ("HD Units") and flow-through shares ("FT Shares") from aggregate gross proceeds of up to $1,800,000 to aggregate gross proceeds of up to $2,221,000 (the "Offering"). The Offering consists of the sale of HD Units, each such HD Unit comprised of one common share and one common share purchase warrant, for the price of $0.13 per HD Unit and common shares of the Company issued on a flow-through basis at a price of $0.17 per FT Share. For additional details of the Offering, please refer to the Company's press release dated November 16, 2020.

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

About Pelangio

Pelangio acquires and explores world-class gold belt land packages Ghana, West Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100 km2 Manfo Property, the site of seven near-surface gold discoveries, and the 284 km2 Obuasi Property, located 4 km on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi Mine, as well as the newly optioned Dankran property located adjacent to its Obuasi property. In Canada, the Company is currently focused in Ontario on its Grenfell property, located 10 km from Kirkland Lake, at its Dome West property, situated some 800 meters from the Dome Mine in Timmins and is advancing its Hailstone property in Saskatchewan. See www.pelangio.com for further detail on all Pelangio's properties.

For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
Tel: 905-336-3828
Toll-free: 1-877-746-1632
Email: info@pelangio.com

Forward-Looking Statements

Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information include statements regarding the Offering generally, the proposed use of proceeds and the Company's exploration plans. With respect to forward-looking statements and information contained herein, we have made numerous assumptions, including assumptions about our ability to close the Offering in a timely manner, if at all, the state of the equity markets, and that all applicable regulatory approvals for the Offering will be received. Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks include the ability of the Company to meet the conditions of closing, our ability to conduct our exploration programs as planned, changes in equity markets, share price volatility, volatility of global and local economic climate, gold price volatility, political developments in Ghana, increases in costs, exchange rate fluctuations, speculative nature of gold exploration and other risks involved in the gold exploration industry. See the Company's annual and quarterly financial statements and management's discussion and analysis for additional information on risks and uncertainties relating to the forward-looking statement and information. There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law. All forward-looking statements and information herein are qualified by this cautionary statement.

SOURCE: Pelangio Exploration Inc.

ReleaseID: 618248

CO2 GRO Inc. is pleased to announce a Second CO2 Delivery Solutions(TM) Commercial Sale to a British Columbia Cultivator

The CO2 Delivery Solutions™ Commercial Installation purchase decision is the second based on GROW plant science data.

TORONTO, ON / ACCESSWIRE / November 24, 2020 / Toronto based CO2 GRO Inc. ("GROW") (TSX-V:GROW, OTCQB:BLONF, Frankfurt:4021) is pleased to announce that it has sold a CO2 Delivery Solutions™ Commercial Installation to a British Columbia based smaller cultivator for medical Cannabis licensed under the Cannabis Act. The CO2 Delivery Solutions™ system was purchased based on GROW plant science data and testimonials from other customers currently using the technology.

Micro and Smaller Cannabis Cultivator Momentum and Opportunity

GROW has established considerable success with micro and smaller Cannabis and hemp cultivators across Canada and the U.S. Growers who operate cultivation facilities under 10,000 sq. ft. of canopy. Whether indoor or smaller hoop and greenhouses, all benefit from CO2 Delivery Solutions™' with up to 30% yield enhancement and pathogen Perimeter Protection™ while realizing significant CO2 cost savings compared to atmospheric CO2 gassing. Canada currently has 106 micro-cultivation licensees who can operate facilities with up to 2150 sq. ft. of Cannabis canopy. States in the U.S. have various regulatory frameworks that accommodate smaller cultivation operations. With additional jurisdictions in the U.S. approving some form of Cannabis legalization, a November 4, 2020 Marijuana Business daily reported the changes in legislation could generate USD$2.5 billion in additional sales by 2024. GROW's CO2 Delivery Solutions™ is well positioned to benefit from these positive industry trends.

According to Aaron Archibald, GROW's VP of Sales & Strategic alliances, "We are pleased to have our second 'straight-to-Commercial Installation' sale. We are finding a receptive niche with micro and smaller Cannabis and hemp growers where our CO2 Delivery Solutions™ systems have now been proven to provide rapid financial benefits to them. These customers can also provide more referrals and testimonials to help accelerate the adoption of our aqueous CO2 technology."

Visit www.co2delivery.ca for more information on CO2 Delivery Solutions™ or watch this video. To see a CO2 Delivery Solutions™ VCO2 system installation, watch this video.

About CO2 GRO Inc.

GROW's target markets are focused on the 50 billion square feet of global greenhouse and covered cultivation space (USDA). Atmospheric enrichment of CO2 by gassing has been practiced in indoor and expensive sealed greenhouses for decades resulting in enhance crop yields of up to 30%. However, 85% of the world's greenhouses are unsealed and have open-venting designs for heat ventilation which makes CO2 gassing uneconomical and impractical since the CO2 gas easily escapes.

GROW's CO2 Delivery Solutions™ naturally and safely dissolves CO2 gas into water creating an aqueous CO2 solution which is then misted directly on plant leaves. GROW has demonstrated its technology to be as effective as CO2 gassing by improving crop yields up to 30%, while using a fraction of the CO2 gas. The CO2 solution's micro droplets create an aqueous film around the entire leaf surface, isolating the leaf from the atmosphere. This creates a diffusion gradient favoring CO2 transport into the leaf and other gases out of the leaf. Increased carbon availability enhances photosynthesis resulting in faster and larger plant growth. CO2 Delivery Solutions™ has been demonstrated on crops including Cannabis, hemp, lettuce, kale, microgreens, peppers and flowers. In addition, aqueous CO2 misting offers pathogen Perimeter Protection™ for plants by slowing the spread of micro pathogens such as E. coli and powdery mildew. Greenhouse growers everywhere can now supplement CO2 to their crops using CO2 Delivery Solutions™, increasing plant yields and profits.

Forward-Looking Statements

This press release contains statements which constitute "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities. Forward‐ looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions and include information regarding: statements regarding the future direction of the Company; the ability of the Company to successfully achieve its business and financial objectives; plans for expansion and the ability of the Company to obtain, develop and foster its business relationships; and expectations for other economic, business, and/or competitive factors. Investors are cautioned that forward‐looking information is not based on historical facts but instead reflect the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates that management considered reasonable at the date the statements are made. Such assumptions include but are not limited to: general business and economic conditions; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and technology offered by the Company's competitors; and that good relationships with business partners will be maintained. Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward‐looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; in particular, in the ability of the Company to raise debt and equity capital in the amounts and at the costs that it expects; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; the biotechnology industry and the greenhouse growers market are highly competitive, and technical advances in the industry will impact the success of the Company, and other risks described in the Company's filings that are available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward‐looking information except as otherwise required by applicable law.

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

For more information, please visit www.co2gro.ca or contact Michael O'Connor, Investor Relations Manager at 604-317-6197 or michael.oconnor@co2gro.ca

SOURCE: CO2 Gro Inc.

ReleaseID: 618162

Petroteq Energy Announces That Work to Upgrade the Capacity and Reliability of Its Oil Sands Plant at Asphalt Ridge Is Nearing Completion

Company Says Commissioning of the Plant Now Planned to Begin During the Week of November 30, 2020

SHERMAN OAKS, CA / ACCESSWIRE / November 24, 2020 / Petroteq Energy Inc. ("Petroteq" or the "Company") ‎‎(TSXV:PQE)(‎OTC PINK:PQEFF)(FSE:PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction technologies, announced that work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge (the "POSP") is nearing completion with commissioning of the POSP now planned to begin during the week of November 30, 2020.

The Company is further pleased to announce that:

All critical equipment has been received and installed at the POSP. Installation of buildings over the nitrogen system and the vapor recovery system and erection of wind-walls at the mixing tank area and decanter deck were completed this past weekend to better allow for operations during winter months. Pressure testing of piping systems is currently underway as part of POSP pre-commissioning activities in preparation for plant start-up.

All site personnel completed mandatory Mine Safety and Health Administration (MSHA) training last week in advance of the restart of mining and ore handling operations. Rental equipment needed for ore crushing and handling is scheduled to arrive on site over the course of this week.

Subcontract mining quotations have been received and are being evaluated with a formal mining subcontract expected to be placed this week.

First fills of solvent and other consumables is expected to be delivered early next week.

George Stapleton, Petroteq COO, commented: "We expect to spend most of the first two weeks of December completing commissioning activities and shaking down various systems within the POSP prior to once again operating the full POSP and extracting oil from oil sands. The team at site has worked around a number of supplier delays and the impacts of the recent declaration by the Governor of Utah of a COVID State of Emergency in Utah, but in spite of that we have successfully remained mostly on schedule and have already begun pre-commissioning of plant front-end systems. All of us are looking forward to restarting oil production and validating that the POSP upgrades have been a success."

In addition, the Company intends to complete a shares for debt transaction, pursuant to which it will issue 1,538,461 common shares in satisfaction of US$60,000 of indebtedness owed to an arm's length service provider. The Company determined (with the creditor's consent) to satisfy the foregoing indebtedness with common shares in order to preserve the Company's cash for use on its extraction technology in Asphalt Ridge, Utah, and for working capital. The transaction is subject to completion and execution of a definitive agreement and all necessary approvals, including from the TSX Venture Exchange. The common shares issuable pursuant to the transaction will be issued in reliance on exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and applicable state securities laws, and will be issued as "restricted securities" (as defined in Rule 144 under the U.S. Securities Act). In addition, such securities will be subject to a Canadian four-month hold period.

About Petroteq Energy Inc.
Petroteq is a clean technology company focused on the development, implementation and licensing of a patented, environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits. Petroteq is currently focused on developing its oil sands resources at Asphalt Ridge and upgrading production capacity at its pilot heavy oil extraction facility located near Vernal, Utah.

Petroteq believes that ‎its technology can produce a relatively sweet heavy crude oil from deposits of oil ‎sands at Asphalt Ridge without requiring the use of water, and therefore without generating ‎wastewater which would otherwise require the use of other treatment or disposal facilities which could be ‎harmful to the environment. Petroteq's process is intended to be a more environmentally friendly ‎extraction technology that leaves clean residual sand that can be returned to the environment, without the use of tailings ponds or further remediation.

For more information, visit www.Petroteq.energy.

Forward-Looking Statements
Certain statements contained in this press release contain forward-looking statements within the meaning of the U.S. and Canadian securities laws. Words such as "may," "would," "could," "should," "potential," "will," "seek," "intend," "plan," "anticipate," "believe," "estimate," "expect" and similar expressions as ‎they relate to the Company are intended to identify forward-looking information, including: the timing of the commissioning of the POSP; the restarting of mining and ore handling operations; the timing of the rental equipment arriving; the timing of a formal mining subcontract; the timing of the first fills of solvent and other consumables being delivered; how the Company intends to spend most of the first two weeks of December; and closing of the shares for debt transaction. Readers are cautioned that there is no certainty that it will be commercially viable to produce any portion ‎of the resources. All statements other than statements of historical fact may be forward-looking ‎information. Such statements reflect the Company's current views and intentions with respect to future ‎events, based on information available to the Company, and are subject to certain risks, uncertainties and ‎assumptions, including, without limitation: the Company and its partners having the resources and services available to continue and complete work on its plant; ‎equipment required to restart the plant being delivered on time; receipt of director and TSX Venture Exchange approval for the shares for debt transaction; and execution of a definitive agreement for the shares for debt transaction and all closing conditions of the transaction being satisfied or waived. Material factors or assumptions were applied in providing forward-looking information. While forward-looking statements are based on data, assumptions and analyses that the Company believes are reasonable under the circumstances, whether actual results, performance or developments will meet the Company's expectations and predictions depends on a number of risks and uncertainties that could cause the actual results, performance and financial condition of the Company to differ materially from its expectations. Certain of the "risk factors" that could cause ‎actual results to differ materially from the Company's forward-looking statements in this press release ‎include, without limitation: failure to receive the necessary approvals for the shares for debt transaction; failure to negotiate and execute a definitive agreement for the shares for debt transaction; uncertainties inherent in the estimation of resources, including whether any reserves will ever be attributed to the Company's properties; since the Company's extraction technology is proprietary, is not widely used in the industry, and has not been used in consistent commercial production, the Company's bitumen resources are classified as a contingent resource because they are not currently considered to be commercially recoverable; full scale commercial production may engender public opposition; the Company cannot be certain that its bitumen resources will be economically producible and thus cannot be classified as proved or probable reserves in accordance with applicable securities laws; changes in laws or regulations; the ability to implement business strategies or to pursue business opportunities, whether for economic or other reasons; status of the world oil markets, oil prices and price volatility; oil pricing; state of capital markets and the ability of the Company to raise capital; litigation; the commercial and economic viability of the Company's oil sands hydrocarbon extraction technology, and other proprietary technologies developed or licensed by the Company or its subsidiaries, which currently are of an experimental nature and have not been used at full capacity for an extended period of time; reliance on suppliers, contractors, consultants and key personnel; the ability of the Company to maintain its mineral lease holdings; potential failure of the Company's business plans or model; the nature of oil and gas production and oil sands mining, extraction and production; uncertainties in exploration and drilling for oil, gas and other hydrocarbon-bearing substances; unanticipated costs and expenses, availability of financing and other capital; potential damage to or destruction of property, loss of life and environmental damage; risks associated with compliance with environmental protection laws and regulations; uninsurable or uninsured risks; potential conflicts of interest of officers and directors; risks related to COVID-19 including various recommendations, orders and measures of ‎‎governmental authorities to try to limit the pandemic, including travel restrictions, border closures, ‎‎non-essential business closures, quarantines, self-isolations, shelters-in-place and social ‎distancing, ‎disruptions to markets, economic activity, financing, supply chains and sales channels, ‎and a ‎deterioration of general economic conditions including a possible national or global ‎recession; and other general economic, market and business conditions and factors, including the risk factors discussed or referred to in the Company's disclosure documents, filed with United States Securities and Exchange Commission and available at ‎www.sec.gov (including, without limitation, its most recent annual report on Form 10-K ‎under the Securities Exchange Act of 1934, as amended), and with the securities ‎regulatory authorities in certain provinces of Canada and available at www.sedar.com.‎

Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release, and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy

any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

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

CONTACT INFORMATION
Petroteq Energy Inc.
Alex Blyumkin
Executive Chairman
Tel: (800) 979-1897

SOURCE: Petroteq Energy Inc

ReleaseID: 618094

Findit Features Members Hip Hop Bling, Regan Patterson, and Ryan Cassata

ATLANTA, GA / ACCESSWIRE / November 24, 2020 / Findit, Inc. (OTC PINK:FDIT) owner of Findit.com, a full-service social networking platform which provides online marketing campaigns and tools for members to increase brand awareness through content creation and sharing, resulting in indexing in search engines is highlighting: Hip Hop Bling, Regan Patterson and Ryan Cassata.

Our first featured member is Hip Hop Bling. Hip Hop Bling sells high quality, fashion hip hop jewelry, including bracelets, chains, diamonds, watches, and more. Their jewelry offers an authentic look and feel to real diamond and gold jewelry but is offered at a more competitive price point. Hip Hop Bling is the trusted source for premium jewelry offered at incredible value, and their entire collection is available online at Hiphopbling.com. Hip Hop Bling has just launched their newest app, so you can grab all of your favorite hip hop jewelry on the go, available for Android and IOS devices.

Follow Hip Hop Bling on Findit at

findit.com/hiphopbling
findit.com/icedoutjewelry
findit.com/blingjewelry

Download the Hip Hop Bling App from the Google Play Store

play.google.com/store/apps/details?id=co.tapcart.app.id_Lg1kIKjGq4

Download the Hip Hop Bling App from the Apple App Store

apps.apple.com/app/id1539793848

Our second featured member, Regan Patterson, is a Certified Fitness Nutritionist and personal trainer that has been using the Findit platform to share her healthy lifestyle and weight loss journey since May of 2018. Prior to sharing her content on Findit, Regan Patterson, found on Instagram under the handle ‘Regan_Patterson", had about 20,000 followers. Now, the Certified Fitness Nutritionist is up to ~60,000 followers at the time of this release. She has utilized the Findit platform to share her amazing recipes, her health and wellness tips, workouts, favorite workout clothes, grocery hauls and her favorite meals, all of which coincide with her passion for living a healthy lifestyle centered around effective fitness.

Follow Regan on Findit at

findit.com/reganpatterson

Our third featured member on Findit is Ryan Cassata. Ryan Cassata is an award winning singer-songwriter, actor, performer, writer and LGBTQ activist & motivational speaker based in Los Angeles. With features in Rolling Stone, Billboard Magazine, The New York Times, Buzzfeed, and The Daily News, Ryan has made the most of his young career, which started when he was just 13. As a musician with over 550 performances touring across the United States and internationally, including dates on the Van's Warped Tour, SXSW and at the world's biggest pride festivals, Ryan has been praised by The Advocate saying he's a "Transgender singing sensation", LOGO put him on the "9 Trans Musicians You Need To Get Into" list and Billboard Magazine put him on the "11 Transgender & Non-Binary Musicians You Need to Know" list. He has also been heard on Sirius XM Radio, BBC Radio 4 and other radio stations around the world. Ryan advocates for trans rights and shares his music and lifestyle throughout social media.

Follow Ryan Cassata on Findit at

findit.com/ryancassata

Claim your name on Findit today with a Findit URL. Findit URLs are $9.95 per month, and each name only exists once on Findit. There is no limit to the number of URLs that you can have, and URLs that are not renewed on a monthly basis do have the ability to be claimed by other people or businesses.

Want to be a featured member on Findit? Get in touch with us at 404-443-3224 or email clark@findit.com.

About Findit, Inc.

Findit.com, which is a Social Media Content Management Platform that provides an interactive search engine for all content posted in Findit to appear in Findit search. The site is an open platform that provides access to Google, Yahoo, Bing, and other search engines access to its content posted to Findit so it can be indexed in these search engines as well. Findit provides Members the ability to post, share, and manage their content. Once they have posted in Findit, we ensure the content gets indexed in Findit Search results. Findit provides an option for anyone to submit URLs that they want indexed in Findit search result, along with posting status updates through Findit Right Now. Status Updates posted in Findit can be crawled by outside search engines, which can result in additional organic indexing. All posts on Findit can be shared to other social and bookmarking sites by members and non-members. Findit provides Real Estate Agents the ability to create their own Findit Site where they can pull in their listing and others through their IDX account. Findit, Inc., is focused on the development of monetized Internet-based web products that can provide an increase in brand awareness of our members. Findit, Inc. trades under the stock symbol FDIT on the OTC Pinksheets.

Safe Harbor:

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word believe or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Findit, Inc. to differ materially from those implied or expressed.

CONTACT:

Clark St. Amant
404-443-3224

SOURCE: Findit, Inc.

ReleaseID: 618227