Category Archives: Finance & Loans

Namibia Critical Metals Heavy Rare Earth Project – Area 4 Strike Length Extended by 60% and First Satellite Deposit Successfully Drilled for Planned Resource Update

HALIFAX, NS / ACCESSWIRE / November 26, 2020 / Namibia Critical Metals Inc. ("Namibia Critical Metals" or the "Company" or "NMI") (TSXV:NMI) is pleased to provide an update on progress on the Lofdal Heavy Rare Earth Project in northern Namibia "Lofdal" or "the project"). Lofdal is a joint venture between the Company and Japan Oil, Gas and Metals National Corporation ("JOGMEC") which is operating under a Term 1 budget of CD$4,100,000 (Company press release September 21, 2020). Highlights of the program to date are as follows:

14,000 m diamond drilling completed in last 8 months with positive results confirming unique primary heavy rare earth mineralisation of district scale

Significant extension of Area 4 deposit along strike and at depth (highest grade intercept 3 m @ 1,773 ppm Dy2O3), deposit remains open to the west and at depth

First systematic resource drilling of a satellite heavy rare earth deposit completed at Area 2B with positive results. Drilling confirms two to three subparallel dysprosium mineralized zones (highest grade intercept from first 7 analysed boreholes 1 m @ 893 ppm Dy2O3); Area 2B to be added to 43-101 resource estimate

Site due diligence for 43-101 report completed by MSA Group. Updated resource estimate on schedule for delivery end of March 2021

Drilling program continues with two rigs for further infill drilling at Area 4 in December, and a systematic drill test of a second satellite deposit at Area 5C in January-February 2021.

Don Burton, President of Namibia Critical Metals stated "Drilling has now extended the strike length of Area 4 by 60%, from 700 meters to 1,125 meters, and the provision of an additional $1.1M has allowed us to accelerate drilling with two rigs and to add our first satellite deposit to the resource estimation. The delivery of an updated resource estimate remains on schedule following the site visit by MSA Group which was a key component of their technical due diligence for the 43-101 report. This has been a very successful drilling campaign. An impressive amount of work has been completed on Lofdal and we are particularly grateful to our team in Namibia for their dedication to getting the job done during these extraordinary times, and to JOGMEC for their diligent support."

The Lofdal Heavy Rare Earths Project is located 450 kilometers northwest of the capital city of Windhoek in the Kunene Region of north-western Namibia. The project area covers 314 square kilometers centered on the Lofdal carbonatite complex which hosts a number of rare earth occurrences, including the Area 4 deposit. Mineralization at Area 4 is dominated by xenotime, which is highly enriched in heavy rare earths.

Lofdal is unique as one of only two primary xenotime deposits under development in the world, the other deposit being Browns Range in Australia. As demonstrated in the Preliminary Economic Assessment1 Lofdal has the potential for significant production of dysprosium and terbium, the two most valuable heavy rare earths used in high powered magnets. The joint venture with JOGMEC is driven by Lofdal's potential to be a long term, sustainable supply of heavy rare earths for Japan.

Drilling Program Summary and Highlights

Drilling in the Term 1 program has focused on doubling the size of the existing Area 4 resource. With the injection of an additional CD$1,100,000 to the Term 1 budget (Company press release September 12, 2020) sufficient drilling has now been completed to add Area 2B to the planned 43-101 update. Results from the first ten holes in Area 4 were previously reported (Company press release June 18, 2020) and results from an additional thirteen holes in Area 4 and seven holes in Area 2B are reported here. Reconnaissance drilling on the Northern Splay and Dolomite Hill targets did not return significant results. Drilling will be completed in Area 4 in December and following the Christmas beak, will resume in Area 5C where additional resource targets will be evaluated.

Expansion of the Area 4 Resource

The main objective of the Area 4 drilling program is to double the size of the current mineral resource which covers a strike length of 700 meters to depths of 125-225 vertical meters. At a cut-off grade of 0.10% TREO the current mineral resource1 is estimated to be:

Drilling at Area 4 has now extended the strike length of the mineralized zone from 700 meters to 1,100 meters and to depths of 250-350 vertical meters (Figure 1). The MSA Group ("MSA") of South Africa has been engaged to update the Area 4 resource which will incorporate all the new drilling and is scheduled for delivery before March 31, 2021. As part of its due diligence process, MSA has recently completed a one week site/in-country visit to review all technical aspects of the project including the Company's standard operating procedures and quality assurance quality control ("QAQC") programs. Considerable time was dedicated to vetting the geological model and continuity of the mineralization. Following recommendations from MSA, nine drill holes will be completed in the central part of the deposit to increase the level of confidence in resource classification before drilling stops in mid December (Figure 1).

Highlights of heavy rare earth enriched zones from Area 4 to date include:

22 m @ 0.29% TREO with 199 ppm Dy2O3 and 67.7% heavy rare earth enrichment in L4D0120 (including 3 meters @ 0.87% TREO with 668 ppm Dy2O3 and 89.0% heavy rare earth enrichment)

15 m @ 0.32% TREO with 187 ppm Dy2O3 and 62.5% heavy rare earth enrichment in L4D0121 (including 3 meters @ 0.51% TREO with 367 ppm Dy2O3 and 79.3% heavy rare earth enrichment)

6 m @ 0.33% TREO with 295 ppm Dy2O3 and 86.9% heavy rare earth enrichment in L4D0119 (including 2 meters @ 0.52% TREO with 494 ppm Dy2O3 and 93.1% heavy rare earth enrichment)

6 m @ 0.23% TREO with 161 ppm Dy2O3 and 70.3% heavy rare earth enrichment in L4D0130 (including 1 meter @ 0.75% TREO with 668 ppm Dy2O3 and 93.7% heavy rare earth enrichment)

5 m @ 0.36% TREO with 335 ppm Dy2O3 and 68.7% heavy rare earth enrichment in L4D0131 (including 1 meter @ 1.43% TREO with 1,446 ppm Dy2O3 and 96.1% heavy rare earth enrichment)

3 m @ 1.14% TREO with 688 ppm Dy2O3 and 70.7% heavy rare earth enrichment in L4D0135 (including 1 meter @ 2.18% TREO with 1,773 ppm Dy2O3 and 97.3% heavy rare earth enrichment)

Details of all thirteen newly reported drill holes from Area 4 are provided in Table 1 and a complete listing of all analytical results is provided in Table 2. Intercept widths are reported as down the hole widths and are not necessarily true widths.

Field operations follow strict company Standard Operating Procedures with regards to drilling practices, sampling procedures, security of transport and analytical procedures as per recommendations in the Canadian Institute of Mining, Metallurgy and Petroleum CIM's Best Practices Guidelines (2018), which includes strict internal QAQC procedures for the insertion of blanks, standards and duplicates. QAQC samples account for 10% of samples submitted in each batch. Sample preparation and analytical work for the drilling program is being provided by Activation Laboratories Ltd. ("Actlabs" Windhoek, Namibia and Ancaster, Ontario) employing appropriate crushing and pulverization procedures (Actlabs Code RX-1) on half sawn core samples provided from the selected intervals, and utilizing lithium metaborate/tetraborate fusion and ICP-MS techniques suitable for rare earth element analyses (Actlabs Code 8). Activation Laboratories is an ISO/IEC 17025 accredited laboratory.

Development of Area 2B as Satellite Deposit

Following discussions with the Joint Venture Management Committee, JOGMEC provided additional funds to the Term 1 budget (Company press release September 21, 2020) that provided for drilling in Area 2B with the objective of confirming the potential to develop additional resources in satellite deposits at Lofdal. Area 2B is located three kilometers northwest of Area 4 and was first identified by trenching and reconnaissance drilling in 2011. Seventeen holes were drilled in the area for a total of 2,133 meters, however no historic resource estimate was developed. An additional 4,400 meters of drilling has now been completed in 29 holes (Figure 2) and following consultation with MSA, it has been agreed that sufficient work has been completed to undertake a maiden resource for this zone.

Mineralization at Area 2B is very similar to Area 4 with two to three narrow dysprosium mineralized zones. Highlights of dysprosium enriched zones from Area 2B to date include:

8 m @ 0.24% TREO with 200 ppm Dy2O3 and 86.7% heavy rare earth enrichment in L2BD0028 (including 1 meter @ 0.58% TREO with 505 ppm Dy2O3 and 94.1% heavy rare earth enrichment)

7 m @ 0.72% TREO with 254 ppm Dy2O3 and 31.1% heavy rare earth enrichment in L2BD0040 (including 1 meter @ 2.01% TREO with 580 ppm Dy2O3 and 22.3% heavy rare earth enrichment)

4 m @ 0.44% TREO with 402 ppm Dy2O3 and 93.3% heavy rare earth enrichment in L2BD0042 (including 1 meter @ 0.98% TREO with 893 ppm Dy2O3 and 97.9% heavy rare earth enrichment)

2 m @ 1.21% TREO with 753 ppm Dy2O3 and 56.1% heavy rare earth enrichment in L2BD0028

Details of all seven reported drill holes from Area 2B are provided in Table 3 and a complete listing of all analytical results is provided in Table 4. Intercept widths are reported as down the hole widths and are not necessarily true widths. Laboratory procedures and QAQC programs are the same as has been reported for Area 4 above.

JOGMEC Joint Venture Agreement

As previously announced (Company press release January 27, 2020), the joint venture agreement with JOGMEC provides for the two companies to jointly explore, develop, exploit, refine and/or distribute mineral products from Lofdal. JOGMEC has the right to earn an interest in stages following an initial non-refundable exploration commitment of CD$3,000,000 (Term 1). Subsequent financial commitments may be exercised at the sole discretion of JOGMEC upon completion of each phase with Term 2 requiring a CD$7,000,000 contribution to earn 40% interest in Lofdal, Term 3 requiring a CD$10,000,000 contribution for an additional 10% interest in Lofdal after which JOGMEC may elect to acquire an additional 1% interest for CD$5,000,000. The agreement contemplates completion of a feasibility study for Lofdal at the end of Term 3 and makes provision for JOGMEC to elect to exclusively fund development of Lofdal provided that the Company's interest will not be diluted below 26%. The additional expenditure of CD$1,100,000 during Term 1 can be credited towards the Term 2 expenditure commitment of CD$7,000,000. Please refer to the Company press release of January 27, 2020 for further details.

Figure 1 – Area 4 Drill Plan showing historic drill holes (black), holes reported June 18 (red) and holes reporting this press release (blue). Holes drilled but pending analyses (green and yellow) and planned holes (orange). Limits of the current 43-101 resource shown by dashed black line.

Figure 2 – Area 2B Drill Plan showing historic drill holes (black), holes reporting this press release (blue) and holes drilled but pending analyses (green).

NOTE: "TREO" refers to total rare earth oxides; "HREO" refers to heavy rare earth oxides; "heavy rare earths" as used in all Company presentations comprise europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu) and yttrium (Y). Light rare earths comprise lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd) and samarium (Sm). "HREE" refers to heavy rare earth enrichment which is the ratio of HREO:TREO, expressed as a percentage

NOTE: "TREO" refers to total rare earth oxides; "HREO" refers to heavy rare earth oxides; "heavy rare earths" as used in all Company presentations comprise europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium (Yb), lutetium (Lu) and yttrium (Y). Light rare earths comprise lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium (Nd) and samarium (Sm). "HREE" refers to heavy rare earth enrichment which is the ratio of HREO:TREO, expressed as a percentage

About Namibia Critical Metals Inc.

Namibia Critical Metals Inc. holds a diversified portfolio of exploration and advanced stage projects in the country of Namibia focused on the development of sustainable and ethical sources of metals for the battery, electric vehicle and associated industries. The two advanced stage projects in the portfolio are Lofdal and Epembe. The Company also has significant land positions in areas favourable for gold mineralization.

Heavy Rare Earths: The Lofdal Heavy Rare Earth Project is the Company's most advanced project having completed a Preliminary Economic Assessment in 2014 and full Environmental Impact Assessment in 2017. An application has been made for a mining licence at Lofdal. The project is now in joint venture with Japan Oil, Gas and Metals National Corporation ("JOGMEC") who are funding the current CD$4,100,000 drilling and metallurgical program with the objective of doubling the resource size and optimization of the process flow sheet.

Gold: At the Erongo Gold Project, stratigraphic equivalents to the sediments hosting the recent Osino gold discovery at Twin Hills have been identified but not yet sampled. Soil surveys are progressing over this highly prospective area. The Grootfontein Base Metal and Gold Project which has potential for magmatic copper-nickel mineralization, Mississippi Valley-type zinc-lead-vanadium mineralization and Otjikoto-style gold mineralization. Detailed interpretation of geophysical data and regional geochemical soil sampling surveys are under way.

Tantalum-Niobium: In addition to Lofdal, the Epembe Tantalum-Niobium Project is also at an advanced stage with a well-defined, 10 km long carbonatite dyke that has been delineated by detailed mapping with over 11,000 meters of drilling. Preliminary mineralogical and metallurgical studies including sorting tests (XRT), indicate the potential for significant physical upgrading. Further work will be undertaken to advance the project to a preliminary economic assessment stage.

Copper-Cobalt: The Kunene Copper-Cobalt Project comprises a very large area of favorable stratigraphy ("the DOF") along strike to the west of the Opuwo cobalt-copper-zinc deposit. Secondary copper mineralization over a wide area points to preliminary evidence of a regional-scale hydrothermal system. Exploration targets on EPLs held in the Kunene project comprise direct extensions of the DOF style mineralization to the west, sediment-hosted cobalt and copper, orogenic copper, and stratabound manganese and zinc-lead mineralization.

The common shares of Namibia Critical Metals Inc. trade on the TSX Venture Exchange under the symbol "NMI".

Donald M. Burton, P.Geo. and President of Namibia Critical Metals Inc., is the Company's Qualified Person and has reviewed and approved this press release.

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 contact –

Namibia Critical Metals Inc.
Don Burton, President
Tel: +01 (902) 835-8760
Fax: +01 (902) 835-8761
Email: Info@NamibiaCMI.com
Web site: www.NamibiaCriticalMetals.com

The foregoing information may contain forward-looking information relating to the future performance of Namibia Rare Earths Inc. Forward-looking information, specifically, that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.

1 Preliminary Economic Assessment on the Lofdal Rare Earths Project Namibia dated October 1, 2014 authored by David S. Dodd, B. Sc (Hon) FSAIMM – The MDM Group, South Africa, Patrick J.F. Hannon, M.A.Sc., P.Eng. and William Douglas Roy, M.A.Sc., P.Eng. – MineTech International Limited, Canada, Peter Roy Siegfried, MAusIMM (CP Geology) and Michael R. Hall, B.Sc (Hons), MBA, MAusIMM, Pr.Sci.Nat, MGSSA – The MSA Group, South Africa. The PEA should not be considered to be a pre-feasibility or feasibility study, as the economics and technical viability of the Project has not been demonstrated at this time. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Furthermore, there is no certainty that the PEA will be realized.

-30-

SOURCE: Namibia Critical Metals Inc.

ReleaseID: 618520

Gamehost Casinos to Temporarily Close Table Games

Not intended for distribution to U.S. newswire services or for dissemination in the U.S.

RED DEER, AB / ACCESSWIRE / November 26, 2020 / Gamehost Inc. (‘Gamehost', the ‘Company') (TSX:GH) Premier Jason Kenny enacted a state of public health emergency in Alberta on November 24, 2020 and additional public health measures to curb the spread of COVID-19. Beginning Friday November 27, 2020, Gamehost will comply with new health measures introduced. These measures include restricting casino and food & beverage capacity to 25% of fire code capacity in enhanced-status areas of the province for our casinos. The Company's operating properties are all located in areas of the province currently designated enhanced-status. The new restrictions include the temporary closure of all table games. Slot machines can continue to operate. The Company's hotel properties will remain open by appointment only.

Gamehost is a corporation established under the laws of the Province of Alberta. The Company's operations are all located in the Province of Alberta, Canada. Operations of the Company include the Boomtown Casino in Ft. McMurray, the Great Northern Casino, Service Plus Inns & Suites and Encore Suites hotels as well as a strip mall all located in Grande Prairie. The Company has a 91% controlling interest in Deerfoot Inn & Casino Inc. which operates the Deerfoot Inn & Casino in S.E. Calgary.

Gamehost common shares trade on the Toronto Stock Exchange (TSX) under the symbol GH. For more information, visit www.gamehost.ca. Complete disclosure of the Company can be found on SEDAR at www.sedar.com.

The TSX does not accept responsibility for the adequacy or accuracy of this release.

For more information, contact:

Craig M. Thomas or.
Darcy J. Will
Toll free (877) 703-4545
(403) 346-4545
Fax (403) 340-0683
Email info@gamehost.ca

SOURCE: Gamehost Inc.

ReleaseID: 618549

Reorganization of Prospera Energy Inc

CALGARY, AB / ACCESSWIRE / November 25, 2020 / Prospera Energy Inc. ("Prospera" or the "Corporation") (TSXV:PEI)(FRA:OF6A) announces the departure of Mr. Sarshar Ahmad as President and CEO of the Corporation. Mr. Ahmad remains as director of the Corporation. Prospera Energy Inc, thanks Mr. Ahmad for his contributions. Mr. Samuel David Professional Engineer and B.A. In Economics will be coordinating the reorganization of Prospera to attain profitability.

About Prospera

Prospera Energy Inc. is a Canadian natural resource Corporation engaged in the acquisition, exploration, development and production of oil and gas properties with operations in Alberta and western Saskatchewan.

For further information:

Ms. Savi Franz CFO & Director
Email: sfranz@prosperanenergy.com
Tel: (403)454-9010
Website: www.prosperaenergy.com

Production volumes are commonly expressed on a barrel of oil equivalent ("BOE") basis whereby natural gas volumes are converted at a ratio of six thousand cubic feet to one barrel of oil. The intention is to convert oil and natural gas measurement units into one basis for improved analysis of results and comparisons with other industry participants. The term BOE may be misleading, particularly if used in isolation. The conversion ratio is based on an energy equivalent method and does not represent an economic value equivalency at the wellhead.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward- looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward- looking statement will materialize and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward- looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

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

SOURCE: Prospera Energy Inc.

ReleaseID: 618496

Findit Updates Latest Version of App to Bring Back Link and Schedule Post Features in Google

ATLANTA, GA / ACCESSWIRE / November 25, 2020 / Findit, Inc., a Nevada Corporation (OTC PINK:FDIT), owner of Findit.com, a free speech social networking platform that is open to all that provides online marketing services, has recently updated the latest version of its new app to bring back two important features: scheduling and the ability to include a link in posts from the app. The new version of the app which is called 'Findit' in Google Play Store that went live November 18th did not include these two features has now been updated to include these two features.

The newest and latest updated version of the Findit app which includes these two features is now available in the Google Play Store. Updates were submitted to the Apple App Store and is 'waiting in review status'. In the Google Play Store, it is listed under the name Findit; in the Apple App Store, it is listed under the name Findit Right Now App.

The link and schedule feature are and have been available on the website findit.com when doing Right Now posts and were features that were included in the older version of the app. In prior releases, we stated we would be adding the link and schedule features back to the app and this is now done and available in the Google Play Store version of the app and soon to be available in the Apple App Store version of the Findit App.

The link feature is an incredibly powerful tool that Findit provides its members, giving them the ability to drive traffic to and include supporting articles for whatever they wish to post about. Having the option to include a link in one's post provides a great tool for members that are looking to drive traffic to a blog, website, business page, article, news story, or a politician's website. Links do not have to be included in posts but are a great way to create content rich status updates.

The scheduling feature is another powerful tool that Findit provides its members that gives members of Findit more control over how and when they use the app. By giving them the ability to schedule posts, members can prepare as many posts as they want, having them scheduled to post into the future, allowing them to create content rich status updates on Findit when they have the time to do so and have those posts become live when they may otherwise be unable to post on the go. This is especially beneficial to those who use Findit to market themselves, their business, or their brand online and throughout social media. Scheduling can also be used to backdate posts to fill your right now feed.

Also available in the latest version of the updated app is the Before and After feature. This feature went live on the November 18th release of the Findit app and is currently available on both the Google Play store and Apple App Store versions of the app.

Findit allows its members to exercise their first amendment right by exercising free speech. Findit does not censor content provided; it does not include pornography or terroristic threats. Findit does allow people to voice their opinion on any topic they want to. Findit recognizes opinions are not factual; they are simply opinions, and we welcome our members to share their opinions on our open platform.

What is currently not available in the latest version

Findit, in an attempt to monetize the App, will be looking to partner with an ad provider to run ads in the app to generate revenue through ads. As of now, ads are not running in the App. There is no guarantee that Findit will be approved by an ad provider that will allow the app to run ads that will generate revenue.

Findit does support free speech under the first amendment but does not allow pornography and posts that we deem as terroristic in nature, and we reserve the right to remove these posts. Posts that include link(s) that are not placed in the designated link section of a Right Now post, whether they were created on findit.com, the previous version of the App, or the upcoming version that will have a designated link place, can be deleted at Findit's discretion.

People who download the app can immediately view the content posted on Findit by its members without ever having to join, create a profile, sign in, or provide personal information. By enabling people to download the app without having to join, members that do posts on Findit can reach a wider audience of people who do not want to have an account on Findit but want to view content that is posted on Findit.

Findit does not run algorithms in the main feed. The main feed is open to anyone to view in the app and on the Findit website. As posts go live, they show up in the feed in chronological order. Findit does not pick and choose what posts show up in the main feed. Members can also view posts from themselves and who they Follow on the Findit website.

With so much going on with censorship and tech giants Facebook, Google, and Twitter testifying in Washington D.C. this past month to explain censorship, Findit supports the 1st amendment Freedom of Speech, empowering its members to post their opinions, no matter how conservative or radical they may be. Findit does not allow pornography, terrorist groups, or terroristic content, or content inciting violence or rioting.

Download the Current App:

Google Play Store
Apple App Store

Findit provides all members, regardless of the number of followers, the ability to include pictures, video before and after with a detailed description of each post without a limit on characters. Once the post is live, it can be shared to their other social platforms or shared to other visitors' social networking accounts outside of Findit.

About Findit

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: 618353

Jos Opdeweegh Reflects on the Price Tag of Trust

ATLANTA, GA / ACCESSWIRE / November 25, 2020 / In today's turbulent socio-political climate, tensions have reached an all-time high. Gripped by fear and anxiety, leaders and entire nations can become overwhelmed and unable to respond with reason and tact. With over 20 years of experience leading and developing global companies, Jos Opdeweegh likens this physical response to our primitive instincts to fight, flee, or freeze in situations of stress. This evolutionary response manifests itself in the physical body, resulting in symptoms like heart palpitations and sweaty palms, while in the mind, humans abandon their ability to reason, and they are left only with the ability to react based on their inherent instinct of self-preservation.

Opdeweegh moves on to explain his perspective on the U.S. presidential elections, which he describes as a critical moment in history which has stirred heightened anxieties and a swell of emotions.

"The anxiety is palpable and, in many ways, more so than any policy differences," Opdeweegh notes, as he explains the apparent division that has emerged during this time. "It comes to something when even the postal system has been politicized for fear of fraud in what's regarded as the home of freedom."

Opdeweegh also compares the election in the U.S. to the issue of Brexit in the UK. "Brexit has paralyzed British politics for the last five years, and arguably longer. Business is disrupted, investment delayed; uncertainty and mistrust are endemic."

Shrouded in uncertainty and paralyzed by fear, the masses are so intently focused on what divides us, that we actually accomplish very little.

"Imagine if we were to conduct business this way," says Opdeweegh, whose insights are grounded in two decades of business leadership and growth. "If there were no requirement to balance the interests of stakeholders, but rather to meet only the needs of those who held the most sway. If I have learned anything as an organizational leader, it's that sustainable progress requires a broader and longer-range perspective than the hollow promises of troubleshooters and partisans."

This does not mean that decisive action is not necessary or appropriate in some situations; however, it is to assert that good business and strong leadership must come to a better solution than to simply decide by majority or make settlements that benefit some, while others perish.

"That's why diversity is so important. We thrive and make better decisions by considering a variety of perspectives; by ensuring we have not only social, ethnic, and gender balance in our teams, but something of the same in our modes of thinking," declares Opdeweegh. "We need creatives and disruptors, just as much as we need hard-nosed operators and cautious finance directors."

Most importantly, considering a variety of perspectives gives us the ability to understand experiences outside of our own to feel empathy. Opdeweegh offers the historian Niall Ferguson, who has spoken of the lack of empathy in contemporary British and US debate. He has sought to understand and communicate the appeal of both President Trump and Prime Minister Johnson, arguing that, while they may have a loose relationship to facts, they also call out truths that are deeply felt by many. His intent is not to position these men as noble politicians, but to note that unless we acknowledge the concerns that underlie their appeal, we can not make progress together.

"Thinking this way is often easier said than done. As a libertarian, internationalist, and passionate social democrat, my response to the decisions I perceive as foolish or unjust, ranges from anger to despair. In a sense, it's a cognitive equivalent of the fight or flight phenomenon," says Opdeweegh. "My values tell me there are lines we must not cross and on these I am firm. But I know also that politics is not an ethical exercise – that what ‘is' weighs more heavily than what ‘ought' – and that the pursuit of power has its own self-rationalizing dynamic. To expect better of our leaders is best held as a hope than an expectation."

When asked about the risks of putting barriers in the trust of others, Opdeweegh notes that the cost of fear – or put differently, the price-tag of trust – is intangibly vast. After the financial crash, Opdeweegh notes, banks spent millions of dollars revisiting their values, only to still be trying to convince us a decade later. In addition, the police and other public bodies have encountered similar pressures, as the Black Lives Matter movement is but one example of injustices that are deeply felt by those who've lost faith.

But how can we overcome fear to find resolutions for a brighter future? "Hope," answers Opdeweegh, frankly. "To make collective progress – be that in business, politics, or as people – we must have hope. We must have faith in our future, care for each other, and trust that extends beyond tomorrow."

Finally, Opdeweegh asserts that hope is why all leaders, in politics and business, trade on vision. Vision, or paving a positive future for our companies, is, in many ways, what modern leadership is about. "To succeed, we must bring others with us, keeping our word and winning the trust of more than a slim majority. To overcome fear, we must find what unites us before addressing what divides."

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

SOURCE: Jozef Opdeweegh

ReleaseID: 617928

Launch of BlackBox Systems Website

DOVER, DE / ACCESSWIRE / November 25, 2020 / Hero Technologies Inc. (OTC PINK:HENC) ("Hero Technologies" or the "Company"), a cannabis company, with a vertically integrated business model, announced today day the launch of the BlackBox Systems and Technologies' website.

The BlackBox Systems website may be found at https://www.blackboxsystemsllc.com/.

The Company recently executed an agreement in which it acquired a majority stake (56.420%) in BlackBox Systems and Technologies LLC ("Blackbox"). BlackBox is an aeroponic cannabis cultivation system that uses proprietary technology (BlackBox XL Systems and Grow MODULE) that provides optimal conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased efficiencies. The BlackBox project consists of environmental growth chambers for the cultivation of large flowering plants based on aeroponic technology.

ON BEHALF OF THE BOARD OF DIRECTORS
Hero Technologies Inc.

Contact:

Hero Technologies Inc.
Gina Serkasevich, CEO
(713) 992-7858

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "seek," "plan," "may," "will," "should," "could," "would," "target," "outlook," "estimate," "forecast," "project" and other similar words and expressions or negatives of these words. Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time and are beyond our control. Forward-looking statements speak only as of the date they are made. Neither Hero Technologies Inc. or BlackBox Systems and Technologies LLC assumes any duty and does not undertake to update any forward-looking statements. Because forward-looking statements are by their nature, to different degrees, uncertain and subject to assumptions, actual results or future events could differ, possibly materially, from those that Hero Technologies Inc. or BlackBox Systems and Technologies LLC anticipated in its forward-looking statements, and future results could differ materially from historical performance.

SOURCE: Hero Technologies Inc.

ReleaseID: 618367

CORRECTION: NeuroRx and Relief Announce Initial Successful Results from Expanded Access Use of RLF-100(TM) (aviptadil) in Patients with Critical COVID-19 and Severe Comorbidity: 72% Survival Seen in ICU Patients

Correction of the press release published November 24, 2020: It has come to our attention that a mistake was printed in the percentage of control patients in the EAP who survived to day 28. The correct percentage is 27%, not 17% of the control patients, all treated with best available intensive care unit (ICU) Standard of Care, survived to day 28. This has been corrected in the text below.

GENEVA, SWITZERLAND and RADNOR, PA / ACCESSWIRE / November 25, 2020 / RELIEF THERAPEUTICS Holding AG (SIX:RLF)(OTCQB:RLFTF) ("Relief" or the "Company") and NeuroRx, Inc., announced that more than 175 patients with Critical COVID-19 and Respiratory Failure who also have a severe comorbidity have now been entered into an Expanded Access Protocol (EAP) with RLF-100(TM) in the United States.

All patients had severe comorbidities (such as organ transplant, recent heart attack, and cancer) that rendered them ineligible for the ongoing randomized, controlled phase 2b/3 trial being conducted to ascertain safety and efficacy of RLF-100(TM), and all patients were deteriorating despite treatment with approved therapies for COVID-19 (see www.clinicaltrials.gov NCT 04311697). Of the 90 patients who have so far reached 28 days of follow-up, 72% survived to day 28.

As previously reported by Youssef and coworkers (http://dx.doi.org/10.2139/ssrn.3665228), at Houston Methodist Hospital, 21 patients treated with RLF-100(TM) under the EAP were compared to 24 control patients treated in the same setting. Only 27% of the control patients, all treated with best available intensive care unit (ICU) Standard of Care, survived to day 28. The survival rate with RLF-100(TM) reported today is comparable to that seen among the open-label patients treated with RLF-100(TM) by Youssef et al. Despite advancements in treating COVID-19, survival for the patients at highest risk due to severe comorbidities has remained dismal in the absence of an effective therapy.

Notably, in the EAP, no drug-related Serious Adverse Events have been reported to date among these patients nor the 160 patients randomized to RLF-100(TM) vs. placebo in the U.S. phase 2b/3 clinical trial currently underway. Thus, from a risk/benefit perspective, while the benefit of RLF-100(TM) has not yet been proven in a randomized prospective trial, no serious risk has been identified so far.

Currently, 25 U.S. hospitals have enrolled patients in the EAP, nearly all of which are community hospitals, suggesting that RLF-100(TM) can demonstrate effectiveness in the hands of front-line physicians who deliver the majority of care to patients with Critical COVID-19. Physicians enrolling patients in the EAP have routinely reported that initial patients at their sites have frequently been in the ICU for several weeks without recovery prior to treatment with RLF-100(TM). As patients are treated earlier in the course of their ICU stay, there is an emerging clinical impression that RLF-100(TM) has an even greater impact on recovery.

"We are reassured that emerging real-world data on the use of RLF-100(TM) in improving survival in patients with Critical COVID-19 are comparable to results seen in the hands of major academic teaching centers. We hope that these findings are viewed as encouraging at a time when many Americans, including the doctors, nurses, and other front-line caregivers who are the heart of our initiative, are celebrating the Thanksgiving holiday at a distance from their loved ones. We look forward to completing enrollment and reporting the results of our pivotal U.S. clinical trial," said Prof. Jonathan C. Javitt, MD, MPH, CEO and founder of NeuroRx, Inc.

###

ABOUT VIP IN LUNG INJURY
Vasoactive Intestinal Polypeptide (VIP) was first discovered by the late Dr. Sami Said in 1970. Although first identified in the intestinal tract, VIP is now known to be produced throughout the body and to be primarily concentrated in the lungs. VIP has been shown in more than 100 peer-reviewed studies to have potent anti-inflammatory/anti-cytokine activity in animal models of respiratory distress, acute lung injury, and inflammation. Most importantly, 70% of the VIP in the body is bound to a rare cell in the lung, the alveolar type 2 cell, that is critical to transmission of oxygen to the body. VIP has a 20-year history of safe use in humans in multiple human trials for sarcoidosis, pulmonary fibrosis, asthma/allergy, and pulmonary hypertension.

COVID-19-related death is primarily caused by respiratory failure. Before this acute phase, however, there is evidence of early viral infection of the alveolar type 2 cells. These cells are known to have angiotensin converting enzyme 2 (ACE2) receptors at high levels, which serve as the route of entry for the SARS-CoV-2 into the cells. Coronaviruses are shown to replicate in alveolar type 2 cells but not in the more numerous type 1 cells. These same type 2 alveolar cells have high concentrations of VIP receptors on their cell surfaces giving rise to the hypothesis that VIP could specifically protect these cells from injury.

Injury to the type 2 alveolar cells is an increasingly plausible mechanism of COVID-19 disease progression (Mason 2020). These specialized cells replenish the more common type 1 cells that line the lungs. More importantly, type 2 cells manufacture surfactant that coats the lung and are essential for oxygen exchange. Other than RLF-100(TM), no currently proposed treatments for COVID-19 specifically target these vulnerable type 2 cells.

ABOUT RLF-100(TM)
RLF-100(TM) (Aviptadil) is a formulation of Vasoactive Intestinal Polypeptide (VIP) that was developed based on Dr. Sami Said's original work at Stony Brook University, for which Stony Brook was awarded an FDA Orphan Drug Designation in 2001. VIP is known to be highly concentrated in the lungs, where it inhibits coronavirus replication, blocks the formation of inflammatory cytokines, prevents cell death, and upregulates the production of surfactant. FDA has now granted IND authorization for intravenous and inhaled delivery of RLF-100(TM) for the treatment of COVID-19 and awarded Fast Track designation. RLF-100(TM) is being investigated in two placebo-controlled US Phase 2b/3 clinical trials in respiratory deficiency due to COVID-19. Since July 2020, more than 150 patients with Critical COVID-19 and Respiratory Failure have been treated with RLF-100(TM) under FDA-approved protocols. Information on the RLF-100(TM) Expanded Access program is at https://www.neurorxpharma.com/our-services/rlf-100.

ABOUT RELIEF THERAPEUTICS HOLDING AG
Relief focuses primarily on clinical-stage programs based on molecules of natural origin (peptides and proteins) with a history of clinical testing and use in human patients or a strong scientific rationale. Currently, Relief is concentrating its efforts on developing new treatments for respiratory disease indications. Relief holds orphan drug designations from the U.S. FDA and the European Union for the use of VIP to treat ARDS, pulmonary hypertension, and sarcoidosis. Relief also holds a patent issued in the U.S. and multiple other countries covering potential formulations of RLF-100(TM).

RELIEF THERAPEUTICS Holding AG is listed on the SIX Swiss Exchange under the symbol RLF and quoted in the U.S. on the OTCQB under the symbol RLFTF.

ABOUT NEURORX INC.
NeuroRx draws upon more than 100 years of collective drug development experience and is led by former senior executives of Johnson & Johnson, Eli Lilly, Pfizer, and AstraZeneca, PPD. In addition to its work on RLF-100(TM), NeuroRx has been awarded Breakthrough Therapy Designation and a Special Protocol Agreement to develop NRX-101 in suicidal bipolar depression and is currently in Phase 3 trials. Its executive team is led by Prof. Jonathan C. Javitt, MD, MPH, who has served as a health advisor to four Presidential administrations and worked on paradigm-changing drug development projects for Merck, Allergan, Pharmacia, Pfizer, Novartis, and Mannkind, together with Robert Besthof, MIM, who served as the Global Vice President (Commercial) for Pfizer's Neuroscience and Pain Division. Its Board of Directors and Advisors includes Hon. Sherry Glied, former Assistant Secretary, U.S. Dept. of Health and Human Services; Mr. Chaim Hurvitz, former President of the Teva International Group, Lt. Gen. HR McMaster, the 23rd National Security Advisor, Wayne Pines, former Associate Commissioner of the U.S. Food and Drug Administration, Judge Abraham Sofaer, and Daniel Troy, former Chief Counsel, U.S. Food and Drug Administration.

Disclaimer: This communication expressly or implicitly contains certain forward-looking statements concerning RELIEF THERAPEUTICS Holding AG, NeuroRx, Inc. and their businesses. The results reported herein may or may not be indicative of the results of future and larger clinical trials for RLF-100(TM) for the treatment of COVID-19. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of RELIEF THERAPEUTICS Holding AG and/or NeuroRx, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. RELIEF THERAPEUTICS Holding AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

CORPORATE CONTACT
RELIEF THERAPEUTICS Holding AG
Raghuram (Ram) Selvaraju, Ph.D., MBA
Chairman of the Board
Mail: contact@relieftherapeutics.com
www.relieftherapeutics.com

NeuroRx, Inc.
Jonathan C. Javitt, M.D., MPH
Chairman and Chief Executive Officer
Mail: ceo@neurorxpharma.com

MEDIA CONTACT:
Relief (Europe)
MC Services AG
Anne Hennecke / Brittney Sojeva
Tel.: +49 (0) 211-529-252-14
Mail: relief@mc-services.eu

NeuroRx (United States)
David Schull
Russo Partners, LLC
Tel.: +1 (0) 858-717-2310
Mail: david.schull@russopartnersllc.com

INVESTOR RELATIONS
Relief (Europe)
MC Services AG
Anne Hennecke / Brittney Sojeva
Tel.: +49 (0) 211-529-252-14
Mail: relief@mc-services.eu

NeuroRx (United States)
Brian Korb
Solebury Trout
Tel.: +1 (0) 917-653-5122
Mail: bkorb@troutgroup.com

SOURCE: Relief Therapeutics Holdings AG

ReleaseID: 618414

Richard Sorgnard Identifies How Technology Can Address Neuropathic Disorders

Technology is Helping Patients Improve Pain and Overcome Neuropathic Disorders, Explains Richard Sorgnard

LAS VEGAS, NV / ACCESSWIRE / November 25, 2020 / Technology in the medical industry has been used for decades. However, it is mostly used to aid doctors. Now, electric signal generation technology is being used to aid patients. Richard Sorgnard has developed a number of tools to help with neuropathic disorders.

Richard Sorgnard is both the executive director for Morhea Technologies and the Director of Technology for the International Institute for Chronic Disease. He works regularly with electric signal generation technology and applies the techniques throughout the medical and governmental industries. Under the Morhea license, Richard Sorgnard has developed proprietary technology being used by a variety of companies throughout the medical industry.

As someone who has a Ph.D. in molecular cell biology, Richard Sorgnard is particularly interested in how electric signal generation can impact cells. This is what led to the development of RST-Sanexas. As the recognized leader of quantum-based electric cell signaling technology, it is being used for pain and circulatory management. It was originally developed as a way to treat acute and chronic pain as well as severe neuropathic pain.

Richard Sorgnard explains how electronic signal intonation (ESI) is a patented, communications-level technology that has delivered unprecedented patient outcomes. A variety of studies have been published in medical journals to describe its efficacy with patients.

The RST-Sanexas medical device that Richard Sorgnard developed is the only electric cell signaling device that has been used in clinical research. More specifically, it has proven that it has the capacity to regenerate nerves and reverse painful peripheral neuropathy. With over 30 published medical reports to discuss its impact on neuropathic conditions, the device has proven to be safe and effective. Richard Sorgnard also identifies that it can be reimbursed by Medicare.

While so many devices on the market are designed to mask symptoms and simply address pain, Richard Sorgnard discusses how this technology is capable of changing the way that patients are treated. It is possible to reverse the neuropathy and regenerate nerves so that there are no more medical issues. This provides a wide array of benefits to patients as they no longer have to focus solely on treating the pain.

The physics-based technology that Richard Sorgnard has created illustrates how quantum mechanics can support electromagnetic therapies for pain management. A frequency hopping FM signal generator is combined with communications-level technology to produce signal energy waves. These waves are continually varying with sequential and random patterns that are applied transcutaneously to the skin via electrodes.

Through the work that Richard Sorgnard has done, doctors are learning that they can now heal the cause of neuropathy as well as other painful conditions instead of masking the symptoms. It is a revolutionary technology that is becoming more readily available to hospitals and medical facilities around the globe. He continues to work with various companies to explore how the technology can help patients in other ways.

Caroline Hunter
Web Presence, LLC
+1 786-551-9491

SOURCE: Richard Sorgnard

ReleaseID: 618438

Fishing Reels Sales Decline in 2020, but Market Players Upbeat on Future Prospects: Fact.MR

Fishing Reels market players are enhancing their profitability and proficiency by manufacturing as well as developing innovative products across diverse fishing reel segments.

ROCKVILLE, MD / ACCESSWIRE / November 25, 2020 / The global fishing reels market will be exhibiting a sturdy CAGR of 4% throughout the forecast period of 2020-2030. Growing demand from recreational anglers and the growing popularity of sports fishing is poised to extend the market growth in the approaching years.

"Growing popularity of sports fishing in emerging nation of South Asia is slated to open up several prospects for the fishing reels market." says the Fact.MR report.

Fishing Reels Market- Key Takeaways

Currently, North America holds the highest market share, trailed by Europe.
Freshwater fishing type is anticipated to unlock more growth prospects throughout the forecast period
Anti-reversal fishing reels mechanism will record a CAGR of 4.5% during the forecast period.
E-Commerce websites sales channel to gain traction due to the COVID-19 pandemic.
Spinning reels type category are likely to record a CAGR of 4% during 2020-2030

Request a report sample to gain comprehensive market insights at

https://www.factmr.com/connectus/sample?flag=S&rep_id=1543

Fishing Reels Market – Driving Factors

Growing popularity of sports fishing is anticipated to fuel demand for fishing accessories over the assessment period.
Accomplishing ease of handling in the devices with the assistance of recent progressions in their designing processes are boosting the fishing equipment market
Collaboration with sports fishing companies for innovation, product customization, and attaining USP regarding the product to boost demand.

Fishing Reels Market – Constraints

Fluctuating prices of raw materials are anticipated to constrain the market growth
Probability of corrosion in the internal components of fishing reels to hamper sales in the global market.

Anticipated Market Impact by COVID-19 Outbreak

The COVID-19 outbreak has restricted the expansion of the fishing reels market. North America, one of the leading regions in the fishing reels market, is anticipated to see an extreme decline in demand since it has been the most impacted region by the pandemic. On the other hand, amid the slump for offline sales of fishing reels, increasing usage of virtual technologies is projected to improve online shopping amid consumers, and will gradually boost sales in the post-COVID era.

Explore the global Fishing Reels market with 147 figures, 80 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/report/1543/fishing-reels-market

Competition Landscape

Major companies in the Fishing Reels market are Shimano Inc., Bass Pro Shops, Pure Fishing, Inc, Clam Outdoors, Rapala VMC Corporation, Zebco, NingBo HaiBao Fishing Tackle Co., Ltd., Jiu Yu Fishing Tackle Co., Ltd., Weihai Guangwei Group Co., Ltd., and Okuma Fishing Tackle Co., Ltd.

More on the Report

The Fact.MR's market research report provides in-depth insights into the Fishing Reels market. The market is scrutinized based on type (spinning reels, spincast reels, baitcaster reels, trolling reels, offshore reels, and others), reel mechanism (anti-reverse reels and direct-drive reels), fishing type (freshwater fishing, saltwater fishing, and great lake fishing), and sales channel (outdoor sports stores, modern trade channels, other channels, and online retail [company websites and third-party online]), across five major regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)).

Explore Wide-ranging Coverage of Fact.MR's Sports Landscape

Fishing Hooks Market: Find insights on the fishing hooks market with analysis of segments, statistics, influencers, market players, and business strategies adopted over a 10-year forecast period.

Fishing Rods Market: Read an analysis of the fishing rods market with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.

Fishing Tackle Box Market: Fact.MR's report on the Fishing Tackle Box market offers insights on the market during 2018-2028, including restraints, revenue sources, market leaders, and market strategies.

About Fact.MR

Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, and has offices in Dubai. Fact.MR's latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact:

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1716/global-fishing-reels-market

SOURCE: FactMR

ReleaseID: 618351

Dolphin Entertainment Announces 1-for-5 Reverse Stock Split

NEW YORK, NY and LOS ANGELES, CA / ACCESSWIRE / November 25, 2020 / Dolphin Entertainment, Inc. (NASDAQ:DLPN), a leading independent entertainment marketing and premium content production company, today announced that the company will effect a 1-for-5 reverse split of its issued and outstanding shares of common stock. The reverse stock split will become effective November 27, 2020 at 12:01 a.m. EDT. Shares of the company's common stock will trade on a split-adjusted basis on The NASDAQ Capital Market, as of the opening of trading on Friday, November 27, 2020. The new CUSIP number for the Company's common stock will be 25686H 209.

The reverse stock split is being affected as part of the company's plan to regain compliance with the $1.00 minimum bid price continued listing requirement of The NASDAQ Capital Market.

When the reverse stock split becomes effective, every five shares of Dolphin Entertainment's common stock will be automatically combined into one new share of common stock. No fractional shares will be issued, and no cash or other consideration will be paid. Instead, the company will issue one whole share of the post-split common stock to any stockholder of record who otherwise would have received a fractional share as a result of the reverse stock split.

The reverse stock split will reduce the number of shares of outstanding common stock from approximately 32.8 million shares to approximately 6.6 million shares.

Dolphin Entertainment's transfer agent is Nevada Agency and Transfer Company. Stockholders holding paper certificates representing pre-split holdings can contact our transfer agent by calling 775-322-0626 for the procedure to exchange existing stock certificates for new stock certificates or book-entry shares. Certificates representing pre-split holdings will be deemed to represent the stockholder's past split holdings until the stockholder presents the certificate to the transfer agent. Stockholders who are holding their shares in electronic form at their brokerage firms do not have to take any action as the effects of the reverse stock split will automatically be reflected in their brokerage accounts.

About Dolphin Entertainment, Inc.
Dolphin Entertainment is a leading independent entertainment marketing and premium content development 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. Viewpoint Creative and Be Social complement their efforts with full-service creative branding and production capabilities as well as social media and influencer marketing services. Dolphin's legacy content production business, founded by Emmy-nominated CEO Bill O'Dowd, has produced multiple feature films and award-winning digital series.

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

ReleaseID: 618355