Cloud-based Business Communications Service Honored for Agility, Ease-of-use, Reliability and Flexibility

NEWARK, NJ / ACCESSWIRE / March 26, 2019 / Phone.com today announced that its cloud-based unified communications services (UCaaS) platform has been named the 2019 INTERNET TELEPHONY Product of the Year.

For small business owners and entrepreneurs who need communication systems that are flexible, convey brand professionalism, and support both remote and mobile employees, Phone.com provides a complete portfolio of cloud-based unified communications and collaboration (UC&C) and enhanced business services that make it seamless and easy for users to connect with both internal and external audiences by any channel, from any location on any device.

Utilizing WebRTC, Phone.com’s server-less soft-client application expedites provisioning and onboarding, and also simplifies scalability. Unlike big telcos and operators, Phone.com UCaaS provides voice, video, fax, conferencing, collaboration, CRM integration, mobility, and numerous other enterprise-grade services without long-term contracts or legacy technology that stifles performance and innovation.

Also, of note, Phone.com is both HIPAA-compliant and HITECH-compliant.

“Phone.com is an always-available, complete cloud communications platform that supports business continuity, scales, and is tailor-made for innovation,” said Ari Rabban, CEO, Phone.com. “We are honored that TMC has selected Phone.com as the 2019 INTERNET TELEPHONY Product of the Year. This distinction reflects the value and benefits our service delivers and reinforces our position as the premier business phone systems provider.”

For developers, Phone.com offers a library of open, lightweight APIs that make it easy to extend UC services into third-party portals, middleware, and CRM platforms. With 10x less code than other platforms, Phone.com APIs provide businesses with the flexibility to create new applications for specific use-cases with custom integrations and remove interoperability issues that complicate and delay workflows.

“Phone.com has built the most robust business-communications platform on the planet – an always-available, cloud-based phone system with more than 50 easily configured features and a platform that seamlessly connects all of your devices to deliver a unified phone presence for your company,” said Rich Tehrani, CEO, TMC. “I am pleased to recognize Phone.com with the 2019 Product of the Year Award for its commitment to excellence and innovation. In the opinion of our judges and editorial team, Phone.com’s UCaaS for Business has proven to be among the best communications and technology solutions available on the market. I look forward to continued leadership from Phone.com.”

For more information about Phone.com, please visit www.phone.com.

About Phone.com

Founded in 2008 by veteran telecommunication entrepreneurs, Phone.com provides more than 30,000 businesses across the U.S and Canada with comprehensive, flexible, and reliable cloud-based communication and collaboration solutions. Our innovative services, award-winning 24/7 U.S.-based support, coupled with experienced executive leadership and forward-thinking strategic planning, has led to 10 straight years of growth. With over 50 customizable features including audio and video conferencing, call forwarding, voicemail transcription, IVR, vanity and virtual toll-free 800 and local numbers, Phone.com’s business VoIP allows you to connect with anyone anywhere at any time.

Phone.com has been recognized by the Inc. 500|5000 as well as Deloitte’s Technology Fast 500 for fastest growing private companies. Connect with Phone.com on Facebook, follow us on Twitter, talk to us at 844-746-6312 or visit us at www.phone.com

About INTERNET TELEPHONY magazine

INTERNET TELEPHONY has been the IP Communications Authority since 1998™. Beginning with the first issue, INTERNET TELEPHONY magazine has been providing unbiased views of the complicated converged communications space. For more information, please visit www.itmag.com. Follow INTERNET TELEPHONY magazine on Twitter or join our Linked In group.

About TMC

Through education, industry news, live events and social influence, global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. As a result, leading technology vendors turn to TMC for unparalleled branding, thought leadership and lead generation opportunities. Our in-person and online events deliver unmatched visibility and sales prospects for all participants. Through our custom lead generation programs, we provide clients with an ongoing stream of leads that turn into sales opportunities and build databases. Additionally, we bolster brand reputations with the millions of impressions from display advertising on our news sites and newsletters. Making TMC a 360-degree marketing solution, we offer comprehensive event and road show management services and custom content creation with expertly ghost-crafted blogs, press releases, articles and marketing collateral to help with SEO, branding, and overall marketing efforts. For more information about TMC and to learn how we can help you reach your marketing goals, please visit www.tmcnet.com and follow us on Facebook, LinkedIn and Twitter, @tmcnet .

For more information about TMC, visit www.tmcnet.com.

SOURCE: Phone.com

ReleaseID: 540142

JACKSONVILLE, FL / ACCESSWIRE / March 26, 2019 / ARC Group, Inc. (OTCQB: ARCK), a restaurant holding company with a focus on diversified, full service restaurants and brands, today announced that the Company’s Chief Executive Officer and Chief Financial Officer, Seenu Kasturi, is scheduled to present at the 2019 Spring Investor Summit on Monday, April 1, 2019 at 2:00 pm Eastern Time at The Essex House in New York City.

The Spring Investor Summit (formerly The MicroCap Conference) is an exclusive event dedicated to connecting small and micro cap companies with high-level, institutional and retail investors.

The Spring Investor Summit will take place in New York City at the Essex House on April 1st and 2nd. The upcoming conference will feature 200 presenting companies, 1200 institutional and retail investors, 2000 one-on-one meetings, expert speakers, and industry panels.

About ARC Group, Inc.

ARC Group, Inc., headquartered in Jacksonville, Florida, is a holding company with a focus on the casual dining restaurant industry. ARC is the owner, operator and franchisor of Dick’s Wings & Grill®, a family-oriented restaurant chain with locations in Florida and Georgia. Now in its 23rd year of operation, Dick’s Wings serves over 25,000 wings daily, and prides itself on its award-winning chicken wings, hog wings and duck wings spun in its signature sauces and seasonings. ARC operates four company-owned restaurants, three company-owned concession stands, and has 19 franchise locations. ARC also owns the Fat Patty’s® concept, with four locations in West Virginia and Kentucky. Fat Patty’s offers a number of specialty burgers and sandwiches, wings, appetizers, salads, wraps, and steak and chicken dinners in a family friendly, casual dining environment.

Safe Harbor Provision

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the Company’s future financial position, business strategy, plans and objectives, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or “believes” or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 and its other filings and submissions with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements.

Contact:

Crescendo Communications, LLC
Email: arck@crescendo-ir.com
Tel: 212-671-1020

SOURCE: ARC Group, Inc.

ReleaseID: 540119

CANTON, NC / ACCESSWIRE / March 26, 2019 / ALLTEC has been recognized in the Top Solar Products roundup featured in the Solar Power World Magazine, November 2018 edition.

The TerraStreamer® ESE terminal was chosen as one of Solar Power World Magazines Top Solar Products in 2018. These products were selected for being the best and brightest products on the market. You can view the list via the link below.

https://www.solarpowerworldonline.com/2018-top-solar-component-products/

The TerraStreamer ESE terminal is scientifically designed and rigorously tested to provide exceptional performance, durability and a long service life. These systems are proactive, they are designed to self-activate in the moments directly preceding an imminent direct strike by creating an upward propagating streamer earlier than conventional air terminals or other objects on the earth. TerraStreamer does this by collecting and storing ground charge during the initial phase of a thunderstorm development.

These devices combine the best advantages of two systems: the direct path to ground of a conventional lightning protection system and state-of-the-art ESE technology employed in the TerraStreamer’s physical design.

Another benefit of this system is that there is often significantly lower cost of labor and material to install the entire system as compared to a traditional Franklin rod system.

For information contact:

Kelly Buza
ALLTEC LLC
1.828.646.9290
k.buza@alltecglobal.com

SOURCE: ALLTEC LLC

ReleaseID: 540140

FISHERS, IN / ACCESSWIRE / March 26, 2019 / American Resources Corporation (NASDAQ: AREC), a supplier of raw materials to the rapidly growing global infrastructure marketplace, with a primary focus on the extraction, processing, transportation and selling of metallurgical coal to the steel industry, announced that the company has resumed development on its second underground coal mine in the Alma coal seam, called the Carnegie 2 mine.

The Carnegie 2 mine, located in Pike County, Kentucky, accesses the same block of Alma coal seam as Carnegie 1 mine, which is a premium High-Vol A/B metallurgical coal that is used to create coke and is instrumental in the global demand for steel production for the fast growth global infrastructure marketplace. Accessing this coal through the new Carnegie 2 mine allows the company to further increase the production and extraction of this premium coal and compliment the company’s previously announced expansion plan of their Carnegie 1 mine. It is anticipated that this will be a low cost operation with a production rate of approximately 6,000 to 8,000 tons per month utilizing a contracted conventional mining section.

In addition to continued face-up work on Carnegie 2, American Resources Corporation is in advanced negotiations with a contract mining company who will operate the mine for the company for a fixed-ton fee. The contractor agreement is anticipated to be completed by the time that the Carnegie 2 face-up work is finished. Initial production is anticipated to begin by this June, and the mine is expected to generate approximately $9 to $10 million in revenue a year at an estimated 40% EBITDA margin at current market prices. All the current production from Carnegie 1 and Carnegie 2 is committed to buyers. Similar to Carnegie 1, all production at the Carnegie 2 mine will be trucked to the company’s McCoy Elkhorn Coal facility to be processed and loaded onto rail for customers.

“Growing our metallurgical coal platform to meet our customers’ demand is the key focal point of our initial organic expansion”, stated Mark Jensen, CEO at American Resources Corporation. “The Alma coal seam is a well-established high quality High Vol metallurgical coal with consistent quality characteristics important to the global steel industry. Once this mine is producing we will turn our attention to the Upper Alma seams on this property to further exploit our production efficiencies at the McCoy Elkhorn complex”.

American Resources Corporation continues to focus on its growth objective by efficiently leveraging its large number of core mining permits and through identifying strategic, supplemental acquisitions and continuing to consolidate quality coal assets for future growth and production. The company is committed to being one of the lowest cost operators in CAPP and throughout all its coal mining, processing, and transportation operations.

About American Resources Corporation

American Resources Corporation is a supplier of raw materials to the rapidly growing global infrastructure marketplace. The company’s primary focus is on the extraction, processing, transportation and selling of metallurgical coal and pulverized coal injection (PCI) to the steel industry. The company operations are based in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical products are located.

The company’s business model is based on running a streamlined and efficient operation to economically extract and deliver resources to meet its customers’ demands. By running operations with low or no legacy costs, American Resources Corporation works to maximize margins for its investors while being able to scale its operations to meet the growth of the global infrastructure market.

Website:

http://www.americanresourcescorp.com

Institutional/Retail/Individual Contact:

RedStone Communications

Anthony D. Altavilla, President

317-569-1617 – Office

317-590-3780 – cell

tony@redstonecommunications.com

www.redstonecommunications.com

American Capital Ventures

Howard Gostfrand, President

305-918-7000 – Office

hg@amcapventures.com

www.amcapventures.com

Company Contact:

Mark LaVerghetta

317-855-9926 ext. 0

Vice President of Corporate Finance and Communications

investor@americanresourcescorp.com

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company’s actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond the control of the Company. The words “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”, “anticipates”, “plans”, “expects”, “intends”, “estimates”, or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

SOURCE: American Resources Corporation

ReleaseID: 540139

VANCOUVER, BC / ACCESSWIRE / March 26, 2019 / Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2N) is pleased to announce vanadium assay results from its Fall 2018 exploration reconnaissance program on its Gibellini vanadium project, located in Eureka County, Nevada, USA. The 155 assays are taken from three prospective exploration areas all within 5km to existing Gibellini vanadium NI43-101 compliant resource pit outline whereat 49.9 million lbs measured and 81.5 million lbs indicated vanadium resource have already been identified (see Company’s press release dated May 29th, 2018).

Surface grab samples assay as high as 2% vanadium pentoxide (V2O5) and 75 samples (48% of total 155) have V2O5 grades greater than the Gibellini deposit’s cut-off grade of 0.101% V2O5 at $12.5/lb V2O5; V2O5 currently trades at approximately $16/lb.

The high vanadium assay results along the 5-kilometer northeast-southwest trend which line-up the Northeast Prospect, through Gibellini Hill, Louie Hill, Middle Earth Prospect, and Big Sky Prospect providing an indication of potential and possibly significant future expansion of vanadium mineralization along this corridor.

“From a geological perspective, the rocks at all three of these prospects have the same visual hallmarks as what we see in the oxidized and transition zones at Gibellini Hill deposit which are amenable to heap leach recovery” states Danniel Oosterman, Prophecy’s VP Exploration.

“Assay results demonstrate extensive vanadium mineralization with nearly half of the samples well above the cut-off grades adopted at Gibellini. This confirms that any occurrence of the Woodruff Formation in this region is prospective from an exploration standpoint.”

Detailed maps are available at www.prophecydev.com

BIG SKY PROSPECT (300m by 50m)

The Big Sky prospect occurs 3.1 km southwest of the Gibellini Hill measured and indicated resource and 1.8 km southwest of Louie Hill inferred resource (NI-43-101 compliant; see Company’s news release dated May 29th, 2018). A total of 62 samples were taken, of which 40% (n=25) returned assays greater than Gibellini cut-off grade. Sixteen (16) samples returned assays >0.200 V2O5. The distribution of samples occur along a 300 meter exposure of the Woodruff Formation. Assays showing >0.200 V2O5 are shown in Table 1.

Table 1. V2O5% grab sample assay results at Big Sky prospect for samples with >0.200%

SAMPLE ID

Prospect

V2O5 %

301910
301913
301915
301916
301918
301920
301926
301927
301928
301944
301946
301947
301950
302050
302054
302055

Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky
Big Sky

0.261
0.223
0.346
0.400
0.712
0.264
0.580
2.008
0.848
0.264
0.280
0.218
0.261
0.214
0.787
1.982

MIDDLE EARTH PROSPECT (200m by 70m)

The Middle Earth prospect occurs 1.7 km southeast of the Gibellini Hill deposit and 300 meters south of the Louie Hill deposit. A total of 50 samples were collected of which 68% (n=34) returned assays >0.101% V2O5 or the Gibellini cut-off grade. Twenty-seven (27) samples returned assays >0.200 V2O5. The samples are distributed over 3 road cuts of exposed Woodruff Formation making up a 200 meter by 70-meter areal footprint. Assays showing >0.200 V2O5 are shown in Table 2.

Table 2. V2O5% grab sample assay results at Middle Earth prospect for samples with >0.200%

SAMPLE

Prospect

V2O5 %

301951
301952
301968
301969
301970
301972
301973
301974
301975
301976
301978
301979
301980
301981
301983
301984
301985
301987
301988
301989
301991
301992
301993
301995
301998
301999
302000

Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth
Middle Earth

0.350
0.482
0.628
0.605
0.634
0.252
0.687
0.470
0.612
0.637
0.559
0.557
0.259
0.405
0.255
0.303
0.434
0.291
1.294
0.261
0.314
0.457
0.380
0.302
0.539
0.618
0.532

NORTHEAST TRENCH PROSPECT (500m by 300m)

The Northeast Trench prospect occurs 1.2 km northeast of the Gibellini Hill deposit and 2.5 km northeast of the Louie Hill deposit. A total of 43 samples were collected of which 37% (n=16) returned assays >0.101% V2O5 or the Gibellini cut-off grade. Three (3) samples returned assays >0.200 V2O5. The samples are distributed through road cuts (“trenches”) and dry gulches of exposed Woodruff Formation making up a 500 meter by 350-meter areal footprint. The exposure at the Northeast Trench is greatly obscured by colluvium material however the extent where it is exposed might indicate a large volume of Woodruff Formation yet to be explored. Assays showing >0.200 V2O5 are shown in Table 2.

Table 3. V2O5% grab sample assay results at Northeast Trench prospect for samples with >0.200%

SAMPLE ID

Prospect

V2O5 %

302004
302005
302016

NE Trench
NE Trench
NE Trench

0.239
0.380
0.303

John Lee, Prophecy’s Chairman states, “We are excited at not only in developing Gibellini to become America’s first primary vanadium mine, but also expanding Gibellini into a large district vanadium discovery. Our permitting efforts are well underway, and further project milestones will be announced throughout 2019.”

Gibellini is considered a highly strategic deposit given that;

In December 2017, the U.S. Geological Survey listed vanadium as one of 23 critical mineral resources of the United States; yet there is not a primary vanadium producing mine currently in the country;
Gibellini is the only known primary vanadium deposit in the US that is under going permitting progress, the project’s annual production profile of 9.75 million lbs of V2O5 outlined in the independent preliminary economic assessment (see news release dated May 29, 2018) is sufficient to supply United States current annual vanadium consumption requirement.

Qualified Persons and QA/QC

The technical contents of this news release have been prepared under the supervision of Danniel Oosterman, VP Exploration. Mr. Oosterman is not independent of the Company in that he is employed by the Company. Mr. Oosterman is a Qualified Person (“QP”) as defined by the guidelines in NI 43-101. Samples were prepared at analyzed at ALS Limited labs in Elko, Nevada, USA where they were dried, crushed, split and pulverized and then shipped to the ALS lab in Vancouver, Canada, where they were assayed (minimum 30 g) using the ME-ICP61a (Conventional ICP-AES) analytical package.

About Prophecy

Prophecy is developing the Gibellini project – the only large-scale, open-pit, heap-leach vanadium project of its kind in North America. Located in Nevada, Gibellini is currently undergoing EPCM and permit development. Further information on Prophecy can be found at www.prophecydev.com.

PROPHECY DEVELOPMENT CORP.

ON BEHALF OF THE BOARD

“John Lee”
Chairman
For more information about Prophecy, please contact Investor Relations:

+1.888.513.6286
ir@prophecydev.com
www.prophecydev.com
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the PEA representing a viable development option for the project; (ii) construction of a mine at the project and related actions; (iii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of sustaining capital and the duration of financing payback periods; (iv) the estimated amount of future production, both produced and metal recovered; and (vi) life of mine estimates and estimates of operating costs and total costs, cash flow, net present value and economic returns including internal rate of return estimates from an operating mine constructed at the project. All forward-looking statements are based on Prophecy’s or its consultants’ current beliefs as well as various assumptions made by them and information currently available to them. The most significant assumptions are set forth above, but generally these assumptions include: (i) the presence of and continuity of vanadium mineralization at the project at estimated grades; (ii) the geotechnical and metallurgical characteristics of rock conforming to sampled results; (iii) infrastructure construction costs and schedule; (iv) the availability of personnel, machinery and equipment at estimated prices and within the estimated delivery times; (v) currency exchange rates; (vi) vanadium sale prices; (vii) appropriate discount rates applied to the cash flows in the economic analysis; (viii) tax rates applicable to the proposed mining operation; (ix) the availability of acceptable financing on reasonable terms; (x) projected recovery rates and use of a process method, that although well-known and proven on other commodity types like copper, has not been previously brought into production for a vanadium project; (xi) reasonable contingency requirements; (xii) success in realizing proposed operations; and (xiii) assumptions that project environmental approval and permitting will be forthcoming from county, state and federal authorities. The economic analysis is partly based on 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, and there is no certainty that the PEA based on these Mineral Resources will be realized. Currently there are no Mineral Reserves on the Gibellini property. Although the Company’s management and its consultants consider these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward-looking statements, such as statements of net present value and internal rates of return, which are based on most of the other forward-looking statements and assumptions herein. The cost information is also prepared using current values, but the time for incurring the costs will be in the future and it is assumed costs will remain stable over the relevant period.

These factors should be considered carefully, and readers should not place undue reliance on Prophecy’s or its consultant’s forward-looking statements. Prophecy or its consultants believe that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although Prophecy and its consultants have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Prophecy or its consultants undertake no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

SOURCE: Prophecy Development Corp.

ReleaseID: 540095

DEL MAR, CA / ACCESSWIRE / March 26, 2019 / American Diversified Holdings Corporation (OTC PINK: ADHC) announced today that the company’s revised ecommerce platform www.TheCBDKlub.shop has relaunched. ADHC has retained the services of Bloomberg Edelson, LLC to manage the development of ADHC’s ecommerce platform, brand awareness campaign and social media presence.

www.THECBDKLUB.shop is unveiled as more and more mainstream retailers and consumer product companies have indicated interest in carrying CBD products. Recently, the largest US drug store chain, CVS has announced they will initially carry CBD products in 8 states. Coca Cola is rumored to be in discussions to start a line of CBD infused.

“What an exciting time to be in the CBD business,” commented ADHC. “This infant market is beginning to show its true promise. Revenue projections are off the charts with some analyst projecting over $25 billion in CBD sales by 2022. ADHC is proud to be apart of this revolutionary industry and we look forward to providing our customers great product from THE CBD KLUB,” concluded ADHC.

About Bloomberg Edelson, LLC

Bloomberg Edelson LLC is a boutique marketing & consulting firm located in the Seattle Metro Area. The firm is known for its “Innovative Cannabis Branding” strategies by creating living brands that are engaging and responsive. Members of the firm’s advisory team have lived, breathed and thrived in the Cannabis/Hemp/CBD marketplace for 15 years.

Bloomberg Edelson LLC, clients include with new startups, established business looking to branch into the Cannabis arena and public corporations. See www.BloombergEdelson.com for more information.

Mr. Riley can be reached at 917-771-3648 or bloombergedelson@gmail.com.

American Diversified Holdings Corporation (OTC PINK: ADHC) is a holding company that provides executive management, corporate governance, administrative support, financial advice, and introductions to capital sources to various micro-cap private and public companies that have proven revenues and business models. The company is composed of two divisions.

AURACIS(TM) is a patented bio-device company utilizing Trans-cutaneous electric nerve stimulation (TENS) for migraine pain management.

www.TheCBDKlub.shop is a unique E-commerce platform connecting consumers suppliers manufacturers and growers of Cannabis with emphasis on CBD for both humans and pets.

This press release contains forward-looking statements pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the Company’s plans to change and are in no way intended to guarantee that the Company will be successful in executing its plans. Common stock currently trades on the over-the-counter under the symbol ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no reference has been made that this release contains all information.

CONTACT:

ADHCinvestor@gmail.com
Tel: 858-259-4534

SOURCE: American Diversified Holdings Corp.

ReleaseID: 540124

Fourth Quarter 2018 Highlights

Revenues of $11.7 million

Increase of $1.7 million, or 17%, over the fourth quarter 2017
$1.2 million increase in deferred buy-back revenue (not included in revenues)
$1.0 million increase in deferred buy-back asset (not included in expenses)

Gross Margin of $3.5 million, or 29.8%
Net Income of $0.9 million

Increase of $0.5 million, or 145%, over the fourth quarter 2017

EPS $0.17 per share

Increase of $0.10 per share over the fourth quarter 2017

Full Year 2018 Highlights

Revenues of $40.2 million

$6.6 million increase in deferred buy-back revenue (not included in revenues)
$5.3 million increase in deferred buy-back asset (not included in expenses)

Gross Margin of $10.5 million, or 26.1%
Net Income of $1.7 million
EPS $0.33 per share
Total Assets $41.4 million

Increase of $12.2 million, or 41.8%, over December 31, 2017

Current Backlog of $31.1 million

Increase of $1.6 million, or 5.4%, over same time last year

MIDLAND, VA / ACCESSWIRE / March 26, 2019 / Smith-Midland Corporation (the Company) (OTCQX: SMID), which develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries, today announced results for the quarter and full year ended December 31, 2018.

Fourth Quarter 2018 Results

The Company reported fourth quarter revenues of $11.7 million for 2018 and $10.0 million for 2017, an increase of $1.7 million, or 17%. The pre-tax income for the fourth quarter of 2018 was $1.2 million compared to pre-tax income of $0.1 million in 2017, an increase of $1.1 million. The Company had net income for the fourth quarter of 2018 in the amount of $0.9 million compared to net income of $0.4 million in 2017, an increase of $0.5 million. The basic and diluted income per share was $0.17 for the fourth quarter 2018, while the basic and diluted income per share was $0.07 for the fourth quarter 2017.

Full Year 2018 Results

The Company reported total revenue of $40.2 million for 2018 compared to $41.7 million for 2017, a decrease of $1.5 million, or 3.6%. The Company reported pre-tax income of $2.3 million for 2018 compared to pre-tax income of $3.7 million for 2017, a decrease of $1.4 million. The Company reported net income of $1.7 million in 2018, compared to net income of $2.7 million in 2017, a decrease of $1.0 million. The basic and diluted income per share was $0.33 for 2018, while the basic and diluted income per share was $0.53 for 2017.

CEO Commentary

Ashley Smith, CEO stated, ”The Company had significant earnings improvement in the fourth quarter 2018 of $0.17 per share. The guaranteed buy-back deferral on our largest barrier order ever continues to impact current earnings as the deferred buy-back revenue balance increased to $6.6 million and the deferred buy-back asset balance increased to $5.3 million, which impacted pre-tax net income for the year by $1.3 million. Moving forward, the Company will be recognizing the deferred income through 2022, increasing bottom line profits each year.

”During the fourth quarter the Company received a new barrier rental order, in which the Company produced and started delivering 47,004 linear foot of rental barrier for a large infrastructure project in southeastern Virginia. This job is expected to be fully delivered in the first quarter of 2019, with revenue and earnings being recognized over the 36 month leasing period. The Company continues to grow the barrier rental fleet while adding product offerings, such as barrier installation and resetting, crash cushions, and safety accessories to provide a full-service safety barrier rental package to highway contractors. To support the additional barrier rental fleet, the Company has built a 4 acre storage and repair yard near the Midland, VA plant where the rental division, Concrete Safety Systems, operates the barrier rental fleet.

”Total Assets for the Company grew this year to $41.4 million at December 31, 2018 from $29.2 million at December 31, 2017, an increase of $12.2 million, or 41.8%, while only increasing outstanding debt on notes payable by $1 million. The continued reinvestment back into the Company prepares for the expected year over year sales growth with the high probability of accelerated infrastructure projects in our markets.

”Construction of our newest manufacturing facility in North Carolina is slightly behind schedule due to construction and weather delays, as it continues to remain within the $3.3 million budget. We now expect production to begin at the new facility in the third quarter 2019. With plant capacity in North Carolina more than doubling, we continue to bid on larger contracts to be manufactured in the new plant.”

Balance Sheet and Liquidity

As of December 31, 2018, the Company had cash and investments totaling $3.1 million. Accounts receivable increased to $12.3 million at December 31, 2018 with large billings occurring near the end of the fourth quarter, all of which are expected to be collected in the normal payment cycle. Total outstanding debt on notes payable was $4.5 million, which includes debt associated with the North Carolina expansion of $1.0 million. The increase in total outstanding debt on notes payable is mainly attributed to our execution of the North Carolina expansion strategy to support the growing demand in our markets.

About Smith-Midland

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries.

Forward-Looking Statements

This announcement contains forward-looking statements, which involve risks and uncertainties. The Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors which might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, general business and economic conditions, out debt exposure, the effect of the Company’s accounting policies and other risks detailed in the Company’s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

For more complete information on Smith-Midland Corporation, visit the Company’s web site at SMITHMIDLAND.com. The ”Investor Relations” area will include the Company’s Form 10-K.

Media Inquiries:

AJ Krick, CFO
540-439-3266
investors@smithmidland.com
Sales Inquiries:
info@smithmidland.com

SOURCE: Smith-Midland Corporation

ReleaseID: 540120

NEW YORK, NY and LOS ANGELES, CA / ACCESSWIRE / March 26, 2019 / The Door, the lifestyle, culinary, and hospitality public-relations and marketing agency that was acquired last year by Dolphin Entertainment, Inc. (NASDAQ: DLPN), announced today an expansion to its operations with the formation of a dedicated consumer division.

The vertical will be led by Managing Director, Nicole Lowe. Nicole is an expert in the consumer space with nearly two decades of experience executing strategic communications programs for respected brands. She has held senior positions at Peppercom, Ogilvy PR, and most recently, Weber Shandwick. Throughout her career she has worked with Unilever, LG Electronics, Verizon, Target, Dyson, Maytag, Sony Electronics, Intercontinental Hotel Group and Aramark.

“Since The Door was founded, we have had the opportunity to launch several exciting brands while also working to create new entrepreneurial ventures, products and partnerships for others,” said Charlie Dougiello, Co-Founder and CEO of The Door. “By inserting additional investment, resources and personnel, like Nicole, into the company, we see the work we currently undertake for consumer brands accelerating.”

The Door’s current roster of consumer clients includes; snack company Late July, a Snyders-Lance brand; Leesa – the direct-to-consumer online mattress company that donates one mattress for every ten sold; best-selling pet food Nutrish, owned by J.M. Smucker which was launched by television host Rachael Ray; organic CBD beverage maker PLNT Water; podcast giant Panoply; and, the iconic retail brand FAO Schwarz.

The Door’s consumer division is bolstered by an all-star senior team, including new hires: Katherine Mitchell, Vice President, who joins following positions at MSL and Weber Shandwick, and Senior Directors Tess Nellis, formerly of APCO, and Alex Williams, who joins from A2E. Longtime executives of The Door, Senior Directors Kelly Patterson and Louise Price, have transitioned to the consumer team as well. Collectively, the newly formed division has worked with brands such as Procter & Gamble, Unilever, Anheuser-Busch, Chobani, McCormick & Co, Nike, Mattel, and Facebook.

Previously, The Door has represented or handled projects for a number of consumer-facing brands including PepsiCo., Runa, Shake Shack, OK Cupid, Hello Fresh, Method, Honest Tea and OLLY.

About The Door

Founded in 2008, The Door is a creative relations agency with a focus on building important, viable brands through diverse initiatives and tools ranging from media relations to social media and marketing. Headquartered in New York, with offices in Chicago and Los Angeles, The Door represents a wide range of clients-including food and beverage, personalities, hospitality brands, events, consumer products, technology offerings, and entertainment/media entities.

About Dolphin Entertainment, Inc.

Dolphin Entertainment is a leading independent entertainment marketing and premium content development company. Through our subsidiaries 42West and The Door, we provide expert strategic marketing and publicity services to many of the top brands, both individual and corporate, in the entertainment and hospitality industries. The Door and 42West are both recognized global leaders in PR services for their respective industries and, in December 2017, the New York Observer listed them, respectively, as the third and fourth most powerful PR firms of any kind in the United States. Dolphin’s recent acquisition of Viewpoint Creative adds full-service creative branding and production capabilities to our marketing group. Dolphin’s legacy content production business, founded by Emmy-nominated CEO Bill O’Dowd, has produced multiple feature films and award-winning digital series.

Special Note Regarding Forward-Looking Statements

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

Contact:

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

SOURCE: Dolphin Entertainment, Inc.

ReleaseID: 539843

SAN CLEMENTE, CA / ACCESSWIRE / March 26, 2019 / ReShape Lifesciences Inc. (OTCQB: RSLS), a developer of minimally invasive medical devices to treat obesity and metabolic diseases, announced today the appointment of Barton P. Bandy as President and Chief Executive Officer effective April 1, 2019. As previously announced, Dan W. Gladney will step down as President and Chief Executive Officer on March 31, 2019 and will continue to serve as Chairman of the Board for ReShape Lifesciences.

”I am very pleased to welcome Bart to the ReShape team. His experience and success – particularly with the Lap-Band® business at Inamed and Allergan – in addition to his leadership track record since then make Bart the perfect next leader for ReShape,” stated Dan W. Gladney, Chief Executive Officer and Chairman of the Board of ReShape Lifesciences. ”I would like to thank the ReShape team for the hard work and dedication during my time as CEO and I look forward to assisting in a smooth transition and continuing on as a dedicated Chairman of the Board.”

Mr. Bandy has extensive leadership experience in health care and specifically in the obesity and bariatric space. He spent ten years at Inamed, including during its acquisition by Allergan, which was the initial owner of the Lap-Band product. At Inamed / Allergan, Mr. Bandy built the U.S. and International commercial organizations, growing revenues of Lap-Band and their intragastric balloon from $3 million to over $280 million. Most recently Mr. Bandy was President and Chief Executive Officer of BroadSpot Imaging Corporation, a developer of medical devices for eye care, prior to which he served as President of Wellness at Alphaeon Corporation, where he was responsible for business development, commercial activities, strategy and acquisition integration.

”This is a very exciting time to be joining ReShape. My experience leading and building medical device organizations and the company’s strategic shift to the proven Lap-Band product, which I know very well, present immediate growth opportunities.” stated Mr. Bandy. ”It is also an incredibly exciting time to see the next-generation, revolutionary ReShape VestTM through clinical studies to commercialization. I am thrilled to be part of ReShape Lifesciences and to help drive its future success.”

About ReShape Lifesciences Inc.

ReShape Lifesciences™ is a medical device company focused on technologies to treat obesity and metabolic diseases. The FDA-approved Lap-Band® Adjustable Gastric Banding System is designed to provide minimally invasive long-term treatment of severe obesity and is an alternative to more invasive surgical stapling procedures such as the gastric bypass or sleeve gastrectomy. The ReShape Vest™ System is an investigational, minimally invasive, laparoscopically implanted medical device that wraps around the stomach, emulating the gastric volume reduction effect of conventional weight-loss surgery, and is intended to enable rapid weight loss in obese and morbidly obese patients without permanently changing patient anatomy.

Forward-Looking Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by the use of words such as “expect,” “plan,” “anticipate,” “could,” “may,” “intend,” “will,” “continue,” “future,” other words of similar meaning and the use of future dates. These forward-looking statements are based on the current expectations of our management and involve known and unknown risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others: risks and uncertainties related to our acquisition of the Lap-Band system, including the risk of default under our security agreement with Apollo Endosurgery entered into in connection with the transaction; our ability to continue as a going concern if we are unable to improve our operating results or obtain additional financing; risks related to ownership of our securities as a result of our delisting from the Nasdaq Capital Market; our proposed ReShape Vest product may not be successfully developed and commercialized; our limited history of operations; our losses since inception and for the foreseeable future; our limited commercial sales experience; the competitive industry in which we operate; our dependence on third parties to initiate and perform our clinical trials; the need to obtain regulatory approval for our ReShape Vest and any modifications to our vBloc system and Lap-Band system; physician adoption of our products; our ability to obtain third party coding, coverage or payment levels; ongoing regulatory compliance; our dependence on third party manufacturers and suppliers; the successful development of our sales and marketing capabilities; our ability to raise additional capital when needed; international commercialization and operation; our ability to attract and retain management and other personnel and to manage our growth effectively; potential product liability claims; the cost and management time of operating a public company; potential healthcare fraud and abuse claims; healthcare legislative reform; and our ability to obtain and maintain intellectual property protection for our technology and products. These and additional risks and uncertainties are described more fully in the Company’s filings with the Securities and Exchange Commission, particularly those factors identified as “risk factors” in our annual report on Form 10-K filed April 2, 2018 and subsequent quarterly reports on Form 10-Q. We are providing this information as of the date of this press release and do not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise, except as required by law.

CONTACT:

Investor Contact:
Scott Youngstrom
Chief Financial Officer
ReShape Lifesciences Inc.
949-429-6680 x106
syoungstrom@reshapelifesci.com

or

Debbie Kaster
Investor Relations
Gilmartin Group
415-937-5403
debbie@gilmartinir.com

SOURCE: ReShape Lifesciences Inc.

ReleaseID: 540126