Category Archives: Finance & Loans

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.

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

Adial Pharmaceuticals Enters into Common Stock Purchase Agreement with Keystone Capital Partners to Support Strategic Opportunities and Future Growth Initiatives

CHARLOTTESVILLE, VA / ACCESSWIRE / November 25, 2020 / Adial Pharmaceuticals, Inc. (NASDAQ:ADIL; ADILW) ("Adial" or the "Company"), a clinical-stage biopharmaceutical company focused on the development of treatments for addictions, today announced that it has entered into a Common Stock Purchase Agreement (the "Purchase Agreement") with Keystone Capital Partners ("Keystone Capital"), a New York-based family office with investments in biotech, real estate and consumer products. Pursuant to the Purchase Agreement, the Company will have the right to sell to Keystone Capital up to $15 million of the Company's common stock from time-to-time during the term of the Purchase Agreement subject to certain conditions including the effectiveness of a registration statement relating to the shares. Sales of common stock, and the timing of any sales, are solely at the option of the Company and the Company is under no obligation to sell securities pursuant to this arrangement.

"We decided to enter into this agreement with Keystone as we believe they have a strong fundamental understanding our business, and are an ideal strategic partner to support any financial needs that may arise," said William Stilley, CEO of Adial Pharmaceuticals. "We have no immediate plans to raise capital, with over $7 million of cash on hand as of September 30, 2020; however, this transaction provides additional flexibility and capability to take advantage of strategic opportunities and future growth initiatives when they may arise."

"We are pleased to enter into this relationship with Adial," said Fred Zaino, Managing Partner and Chief Investment Officer of Keystone. "After evaluating Adial, its clinical pipeline, and its management team, and after thorough due diligence, we believe Adial represents a promising investment opportunity. Formation of this partnership memorializes our intention to build a long-term relationship with Adial, committing capital as necessary as the Company builds its business in the growing space of addiction that is currently woefully underserved."

Details of the Purchase Agreement and Registration Rights Agreement are available in the Company's Form 8-K, which has been filed with the securities and Exchange Commission and is available at www.sec.gov or visit the Company's web site here.

About Adial Pharmaceuticals, Inc.

Adial Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the development of treatments for addictions. The Company's lead investigational new drug product, AD04, is a genetically targeted therapeutic agent for the treatment of Alcohol Use Disorder (AUD) and is currently being investigated in a Phase 3 clinical for the potential treatment of AUD in subjects with certain target genotypes, which are to be identified using the Company's proprietary companion diagnostic genetic test. A Phase 2b clinical trial of AD04 for the treatment of AUD showed promising results in reducing frequency of drinking, quantity of drinking and heavy drinking (all with statistical significance), and no overt safety concerns (there were no statistically significant serious adverse events reported). AD04 is also believed to have the potential to treat other addictive disorders such as opioid use disorder, gambling, and obesity.

www.adialpharma.com

About Keystone Capital Partners

Founded in 2019, Keystone Capital Partners is a family office based in New York with investments in biotech, real estate and consumer products.

To learn more about the Keystone team, visit www.keystone-cp.com

Forward Looking Statements

This communication contains certain "forward-looking statements" within the meaning of the U.S. federal securities laws. Such statements are based upon various facts and derived utilizing numerous important assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans" and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. The forward-looking statements include statements regarding the potential of AD04 to treat other addictive disorders such as opioid use disorder, gambling, and obesity. Any forward-looking statements included herein reflect our current views, and they involve certain risks and uncertainties, including, among others, our ability to, our ability to enroll patients and complete clinical trials on time and achieve desired results and benefits as expected, our ability to obtain regulatory approvals for commercialization of product candidates or to comply with ongoing regulatory requirements, regulatory limitations relating to our ability to promote or commercialize our product candidates for specific indications, acceptance of its product candidates in the marketplace and the successful development, marketing or sale of products, our ability to maintain our license agreements, the continued maintenance and growth of our patent estate, our ability to establish and maintain collaborations, our ability to obtain or maintain the capital or grants necessary to fund its research and development activities, and our ability to retain our key employees or maintain our Nasdaq listing. These risks should not be construed as exhaustive and should be read together with the other cautionary statement included in our Annual Report on Form 10-K for the year ended December 31, 2019, subsequent Quarterly Reports on Form 10-Q and current reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.

Adial Pharmaceuticals Investor Relations:
Crescendo Communications, LLC
David Waldman / Natalya Rudman
Tel: 212-671-1021
Email: adil@crescendo-ir.com

Keystone Media Relations:
ICR
Nicole Hakimi
Phone: +1-646-677-1802
Email: KeystoneCP@icrinc.com

SOURCE: Adial Pharmaceutical, Inc.

ReleaseID: 618354

Alpine 4 Technologies, Ltd. (ALPP) Welcomes Larry Zic as its New Corporate Controller

PHOENIX, AZ / ACCESSWIRE / November 25, 2020 / Alpine 4 Technologies, Ltd., (OTCQB:ALPP) owner of leading small market businesses, officially welcomes Larry Zic as its VP / Corporate Controller.

Mr. Zic brings a wealth of knowledge and experience to the Alpine 4 leadership team. He received a double Bachelors in both Accounting and Computer Information Systems from St. Joseph College and his MBA from Indiana University. Larry received his CPA and began his public accounting career at a regional Chicago based accounting firm. In addition to being a CFO of an international retail business, Mr. Zic was a Senior Vice President of Finance for Saks, Inc., a $5b annual retail department store chain. He has been part of implementing 12 ERP systems over his career. It is this experience that will help advance the execution of Alpine 4's SPECTRUMebos ERP system both internally and commercially. Additionally, Mr. Zic taught auditing at Purdue University. He will assist in keeping the Alpine 4 leadership team up to date and compliant with accounting and auditing policy and procedures. The expertise of Larry and his team has already proven to be integral in our auditors' work being released on time.

Kent Wilson, CEO of Alpine 4 commented, "Larry is the right guy at the right time and we are ecstatic to have him on board with us. It was long overdue for the company to fill this position and the results since Larry's arrival have been stellar. Larry has brought a maturity and assemblance of proper procedure, that will eventually reduce our overall auditing cost and material output to produce our company's financial statements."

Mr. Zic had this to say, "I am very pleased to be part of the Alpine 4 team. I am fortunate to have a diverse career where Kent affords me the ability to apply my experiences in various ways within the company. His vision for the company is quite contagious and gives me comfort in our ability to execute. "Alpine 4: Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards but also increase value for our shareholders.

Contact: Kent B. Wilson, CEO or Ian Kantrowitz, VP of Investor Relations
investorrelations@alpine4.com
www.alpine4.com

Forward-Looking Statements: The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.

SOURCE: Alpine 4 Technologies, Ltd.

ReleaseID: 618357

Next Level Marketing Discusses the Importance of Having eCommerce SEO and SEM for the Holidays

MIAMI, FL / ACCESSWIRE / November 25, 2020 / The holidays are upon us, and with the traditional "shopping season" in full swing, eCommerce businesses are scrambling to button up last-minute deals and strategies to make this season a great one (despite the economic downturn).

According to the National Retail Federation (NRF), holiday shopping between November and December has traditionally represented 19% or more of the entire year's sales for many businesses. In light of COVID and a consumer shift from in-store to online shopping, this year is projected by some to be a challenging one for many eCommerce businesses caught off guard by the influx of online shoppers.

Research published on CNBC and others suggests that up to 44% of consumers plan on spending less this holiday season. According to Next Level Marketing, this makes partnering with a reputable marketing company that much more important for the 2020 holiday season.

Next Level Marketing Taps Into the Holiday Shopping Craze

The holiday season is, first and foremost, about family and being thankful. But beyond that, it is a time when shoppers splurge at the checkout. Next Level Marketing brings decades of experience to the table, having helped hundreds of clients, from budding startups to multinational corporations navigate the holiday season rush with stride.

For those looking to capitalize on the seasonal shopping bonanza, few channels produce as good of results as eCommerce SEM and eCommerce SEO. When used together, these two digital marketing strategies pack a 1-2 knockout punch, delivering scalable and reliable results with paid ads, while leveraging the power of organic (free) traffic that lasts well beyond the holiday rush.

eCommerce SEO and SEM

eCommerce SEO

eCommerce platforms pose unique challenges when it comes to search engine optimization. Complex code, hundreds or even thousands of SKUs, coupons, code structure, CMS limitations, and more all add to the difficulty of getting it done right.

Due to the complexity, and potential to do more harm than good, Next Level Marketing stresses the importance of partnering with a digital marketing agency that has a deep working knowledge of eCommerce platforms, and that knows how to best leverage its strengths while mitigating any weaknesses in order to get the most out of any strategies employed.

eCommerce SEM

Google search is a critical element in the buying cycle for virtually all goods and services, with more than 83% of all sales cycles having search as a key touchpoint in the buying decision process. Properly optimizing this channel before the peak season can set up a business for long-term success well beyond the holiday shopping months.

Elements of eCommerce SEO Include:

Keyword optimization
Site architecture structuring and restructuring
Product descriptions and headlines optimization
On-page SEO and local SEO optimization
Link-building strategies
Enhancing the user experience
Optimizing for conversion rates
Implementing dynamic tracking to measure site performance
And more…

Elements of eCommerce SEM Include:

Ad design and testing
Audience targeting
Audience segmentation
Retargeting campaigns
Cart abandonment campaigns
Budget optimization
And more…

What Businesses Can Do Right Now to Prepare

Next Level Marketing warns to avoid waiting until the last minute. There is no time like yesterday to begin planning and executing a strategy.

Ideas to Get Started on, and what to avoid:

Holiday deals
Holiday-specific product categories and landers
Repositioning content
Adding structured data
Increase customer service hours
Speak with hosting providers about elastic increases in resources
Shore up any errors or issues that may impact performance
And more…

About Next Level Marketing

Next Level Marketing is one of the nation's leading marketing firms, backed by an impressive resume of results for clients large and small. Having worked with businesses ranging from local mom and pop operations, to multinational Fortune 500 companies, Next Level Marketing is capable and ready to tackle any challenge this holiday season.

Those interested in learning more about NLM or in partnering with an award-winning digital marketing agency this season, are encouraged to reach out via their official website.

CONTACT:

Company Name: Next Level Marketing
Contact Person: Tomas Gallo
Email: tomas@nextlevelsem.com
Phone: (844) 740-5010
Address: 2125 Biscayne Blvd, Miami FL 33137
Website: www.nextlevelsem.com

SOURCE: Next Level Marketing

ReleaseID: 618356

Money on Chain Launches New Bitcoin Layer 2-based Decentralized Token Exchange

MONTEVIDEO, URUGUAY / ACCESSWIRE / November 25, 2020 / Money On Chain is pleased to announce the launch of TEX, a new decentralized token exchange built on RSK, Bitcoin's smart contract sidechain. TEX automates token swaps using smart contracts, offering users access to DoC, BPro, RIF, and rBTC, among others. The launch further expands the footprint of Bitcoin DeFi based on the RSK technology stack.

The TEX uses a unique trading mechanism, inspired by the method used at The London Gold Fix, which sets the value of gold twice a day. Based on an Order Book (OB), the order execution is not instantaneous and occurs on ticks. Ticks occur every few minutes to allow the order book to form a price to be discovered before the match is made. The frequency of ticks depends on market activity. This is especially important in a new network and enables organic liquidity growth. Users who place orders in the OB can cancel them at any time.

With the public order book, the TEX design avoids front-running, and with pricing via ticks, TEX aims to ensure a fairer price discovery, even at low trading volume.

Max Carjuzaa, co-founder of Money On Chain commented: "The TEX is an important piece of the Money On Chain protocol. The decentralized order book ensures a fair and transparent price discovery process and establishes a secondary market for tokens."

The TEX has two types of orders: Limit Orders and Market Maker Orders.

A limit order lets the trader set the trade conditions to ensure that they buy or sell at the intended price or better. The buyer will not spend more than the maximum they were willing to pay, and the seller will not receive less than the minimum they were expecting to obtain. The price will be the average between the two.

A market maker order is a special type of limit order. Here, the trader specifies a percentage difference with a fair price. The TEX obtains fair pricing from an oracle or the last tick where an oracle is not available.

TEX is designed to be a fairer way to trade in a Bitcoin ecosystem. TEX is already live, so traders can immediately start trading in a decentralized and transparent manner.

Diego Gutierrez Zaldivar, CEO of IOVlabs added: "We are very excited about this announcement that shows momentum for Bitcoin Defi is growing. Decentralized exchanges, together with sovereign digital identities will play a key role in Bitcoin's future and provide the core tools for financial freedom."

For more information about the TEX visit: https://moneyonchain.com/tex-bitcoin-decentralized-exchange/

About Money on Chain

Money On Chain wants to bring Bitcoin to mass adoption. To that end, it offers solutions to meet the needs of different types of users: a fully bitcoin-collateralized stablecoin (DoC), a bitcoin on steroids (BPro) and a dizzying bitcoiner option for lovers of leveraged trading (BTCx). All this, without requiring the delivery of private keys. To make this possible, it developed an unique mathematical-financial model with proven robustness, even in extreme market situations.

For more information, visit https://moneyonchain.com/

About RSK

The RSK network is the most secure smart contract platform in the world, secured by Bitcoin's unparalleled hash power via merge-mining.

RSK adds value and functionality to the bitcoin ecosystem by enabling smart-contracts, near instant payments, and higher-scalability.

The network scales to up to 100 transactions per second without sacrificing decentralization, and reduces storage and bandwidth using probabilistic verification, fraud detection, and more.

For more information visit https://www.rsk.co/rsk-blockchain/

Contact

Dan Edelstein
pr@marketacross.com
+972-545-464-238

SOURCE: IOV Labs

ReleaseID: 618339

Kevin Lenaghan Launches Ivy Academy LLC

LOS ANGELES, CA / ACCESSWIRE / November 25, 2020 / Kevin Lenaghan is excited to announce the launch of a new business venture, Ivy Academy LLC ("the company"). Based in Los Angeles, California, the company provides investment advisory services for sophisticated global investors, as well as admissions counseling services.

Ivy Academy LLC's investment advisory division provide bespoke advisory services for high net worth, family offices, and endowments & foundations, that are customized for the client's individual circumstances. The company helps clients construct and manage alternative asset portfolios, with an emphasis on sustainable alpha strategies, dislocated asset classes, co-investments and partnership approaches. Ivy Academy LLC also provides support with both strategic and tactical asset allocation. Clients benefit from the founder's deep and diverse exposure to hedge funds and other alternative asset classes across many different strategies, geographies, and firm types. Where appropriate, Ivy Academy LLC partners with other external advisors on topics like tax efficiency, estate planning, and charitable giving.

On the admissions counseling side, the company works with accomplished and ambitious students who are applying to top-tier undergraduate and graduate programs. We provide high-touch, multidisciplinary consulting services to guide our clients through all aspects of the admissions process. Ivy Academy LLC has established a global presence, with an emphasis on Chinese students seeking admission to US universities. Importantly, Ivy Academy LLC emphasizes excellence and integrity at all times, while pushing our students to improve themselves, explore their passions, and target optimal schools.

Kevin Lenaghan has more than 20 years of experience in financial services and investment management. He attended the Wharton School of the University of Pennsylvania, where he completed his undergraduate studies as well as his MBA. Kevin is a CFA charterholder and serves as an advisor and pro bono teaching fellow for Musical Mentors Collaborative (http://musical-mentors.org).

"I am proud to leverage my prior investment experience, extensive professional network, and current insights to provide innovative investment solutions for our partners. Global markets are endlessly fascinating and evolving, and I will continue diligently working to identify differentiated alpha opportunities in order to deliver value for clients." says Kevin Lenaghan.

For more information, please visit http://ivyacademyllc.com/.

About Kevin Lenaghan

Kevin Lenaghan has more than 20 years of experience in financial services and investment management, including over 12 years of experience in direct hedge fund investing. He obtained both his undergraduate degree and MBA from the Wharton School of the University of Pennsylvania and is a CFA charterholder. Throughout his career, Kevin has worked with many of the largest and most sophisticated institutional investors on their hedge fund and broader alternatives portfolios, as well as asset allocation. He has regularly spoken at prestigious hedge fund and investment conferences and has been widely cited in leading industry publications. Currently, Mr. Lenaghan is the CEO of Ivy Academy LLC. He lives in Los Angeles, California, with his wife Linda and two children, Benjamin and Emma.

For more information, visit https://kevin-lenaghan.com/.

Contact Information:

Kevin Lenaghan
Email: kevin@ivyacademyllc.com

SOURCE: Kevin Lenaghan

ReleaseID: 618372

RUM Reports a 36% Increase to Income from Operations in its Q3 2020 Consolidated Financial Results

EDMONTON, AB / ACCESSWIRE / November 25, 2020 / Rocky Mountain Liquor Inc. (TSXV:RUM) (the "Company" or "Rocky Mountain"), listed on the TSX Venture Exchange (the "Exchange"), today reported its unaudited financial results for the three month and nine month periods ending September 30, 2020.

The Company has continued to succeed at its objective to grow market share and reduce costs, having increased income from operations by $327,185 for the three month period in 2020 and $1.2M for the nine month period when compared to the same periods in 2019. Sales have increased by $1.4M for the three month period of 2020 and $4.1M for the nine month period. The 36% growth in income from operations in the three month period, and 58% in the nine month period is a result of an increase in sales of 12% in both the three and nine month periods in 2020 while managing operating and administrative expenses.

As at November 25, 2020, all locations are open and operational. The novel coronavirus pandemic continues to positively impact sales at the Company. The Company's financial results show increased sales, driven by increased demand for liquor product following the onset of the crisis and continuing through the year as a result of consumers choosing liquor retailers in lieu of licensed establishments during the COVID-19 pandemic. We continue to incur additional costs for safety and sanitization measures to ensure our employees and customers are working and shopping in a safe environment. The Company has increased sanitation throughout the stores, installed plexiglass shields at counters, installed touchless sanitation units for customer and staff use at store entrances, mandated masks for staff at all locations, provide masks to customers, maintains social distancing measures within the locations, and restricts the number of individuals in the store at a time.

After removing a non-recurring gain of $3.5M from net income in 2019 resulting from the redemption of the Company's convertible debenture, there is an increase in net income for the three month period of $567,499 and nine month period of $2.0M in 2020 over 2019. This is a result management's continued focus on competitive pricing strategies, an increase in sales and reduction to finance costs. The Company remains focused on delivering efficiency and process improvements while managing operating costs.

KEY OPERATING AND FINANCIAL METRICS

Financial highlights, year over year 3 month comparison:

Sales increased by $1.4M or 12% to $13.2M (2019 was $11.8M) with 26 stores contributing to sales at the end of the period in 2020 versus 29 at the end of the period in 2019
EBITDAR* increased by 36% to $1.2M (2019 was $909,433)
Gross margin percentage increased to 22.8% (2019 was 22.0%)
Income from operations increased by $327,185 or 36% to $1,236,165 (2019 was $908,980)
Net income is $690,782 (2019 was $123,283 after adjusting for a non-recurring gain of $3.5M as a result of convertible debenture redemption)

Financial highlights, year over year 9 month comparison:

Sales increased by $4.1M or 12%, to $37.0M (2019 was $32.9M) with 26 stores contributing to sales at the end of the period in 2020 versus 29 at the end of the period in 2019
EBITDAR* increased by $1.2M to $3.3M (2019 was $2.1M)
Gross margin percentage increased to 22.8% (2019 was 21.9%)
Income from operations increased by $1.2M or 58% to $3.3M (2019 was $2.1M)
Net income is $1.4M (2019 net loss was $599,438 after adjusting for a non-recurring gain of $3.5M as a result of convertible debenture redemption)

Margins have increased from 22.0% to 22.8% for the three month period and 21.9% to 22.8% for the nine month period, as the Company has modeled its marketing, pricing and promotional strategies to maximize gross margins. The Company strategizes the timing of Limited Time Offer purchases with in store promotions, to realize margin growth.

Income from operations as a percent of sales increased to 9.4% from 7.7% for the three month period 2020, and to 9.1% from 6.4% for the nine month period. The increase in income from operations is a result of the increase in sales as well as a 4% increase to gross margins in both periods while managing operating and administrative expenses.

To date, the COVID-19 pandemic has not had a negative impact on the Company's results of operations, however, the Company is not immune to factors beyond its control, including without limitation; forced store closures, labour shortages, potential supply disruptions or other unforeseen circumstances.

At September 30, 2020 the Company operated 26 stores.

*EBITDAR is Earnings before Interest, Taxes, Depreciation, Amortization and Rent.

Going Concern

The going concern basis assumes the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. Based on the continued improvement of the Company's performance and statement of financial position we are no longer including disclosure of the uncertainty of the Company as a going concern.

Detailed information in the form of the Company's interim consolidated financial statements and Management Discussion and Analysis are available under the Company's profile on SEDAR at www.sedar.com and also on the Company's website at www.ruminvestor.com. After accessing the website, please choose the "Investor Relations" tab to view Quarterly Reports.

About Rocky Mountain

Rocky Mountain owns 100% of Andersons Liquor Inc. ("Andersons"), headquartered in Edmonton, Alberta, which now own and operate 26 private liquor stores in that province, up from 18 stores since the Common Shares began trading in December 2008. It is listed on the TSX Venture Exchange (TSX-V:RUM).

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as investment decisions. In particular results achieved in 2020 and previous periods might not be a certain indication of future performance, which is subject to other risks, including but not limited to changes in operational policies, changes in management, changes in strategic focus, market conditions and customer preferences, the impact from COVID-19 pandemic on our operations and third party suppliers. Since forward-looking statements and information 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, the risks that these events may not materialize as well as those additional factors discussed in the section entitled "Risk Factors" in RUM's Management Discussion and Analysis, which can be obtained at www.sedar.com. If they do materialize, there remains a risk of non-execution for any reason. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release.

The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX-V. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

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

For further information:

Allison Radford
Chief Executive Officer
(780) 483-8183

Sarah Stelmack
Chief Financial Officer
(780) 483-8177

SOURCE : Rocky Mountain Liquor Inc.

ReleaseID: 618459

GoZone WiFi Puts Your Restaurant’s WiFi to Work for You

ST PETERSBURG, FL / ACCESSWIRE / November 25, 2020 / As most businesses know, Wi-Fi is no longer an amenity- it is an expectation. No matter where people go, they want to look at information on their phones, and they do not want to burn through their personal data plans. GoZone WiFi is offering restaurants, bars, and cafes an opportunity to provide Wi-Fi and get valuable data in return without compromising the business' security.

GoZone WiFi Invites Customers to Stay

A customer will wait ten minutes or fewer before trying to log into a bar, restaurant, or café Wi-Fi system. Customers will invariably spend more time at a place that offers free WiFi, and they will also spend more money on those premises. The unfortunate downside is that running these systems costs money. However, using GoZone WiFi's software shifts the cost-benefit ratio back in favor of the businesses that implement it.

In short, the cost of providing guest Wi-Fi pales in comparison to the revenue and engagement a company generates from the actionable data gathered by implementing the newest tool in the marketing arsenal- restaurant Wi-Fi marketing.

Setting a Gateway on Your Wi-Fi Connection

GoZone WiFi's Marketing4Wifi tool provides customers unfettered and speedy access to a business' Wi-Fi. All they must do is sign in through what is known as a captive portal. Customers gain access to the venue's free Wi-Fi once they choose to enter the portal by logging in with:

Email
Social media
SMS
Custom survey

Not only does this login procedure protect your network from outsider incursions by limiting access to passwords, but it is the key to providing the company with information about the customers' behavior on the network.

Gaining and Leveraging Actionable Data with GoZone WiFi

When customers use a bar's Wi-Fi through this system, that business will gain access to valuable data such as:

Identifying new and returning guests
The number of times a customer has accessed your network
Devices used to access the network
Most frequent Wi-Fi Guests
Demographic data
And more

This information provides businesses with many incredible benefits and insights into their customer base. Combined with a contact management add on provided by GoZone WiFi, the bar can instantly develop profiles on customers to start effectively leveraging the data to its benefit.

The insights gleaned from the data can also be utilized in some of the following ways:

Implementing a rewards system for those who use the Wi-Fi

Frequent logins could lead to coupons, extending the customer's stay, and increasing the amount of money they spend.

Increasing engagement on social media websites

Social media engagement leads to new customers finding the business

Targeting marketing campaigns

Reaching out to specific demographics, such as age or sports fans, can result in increased foot traffic during prime times

Using the custom survey tool to collect more direct customer reviews and input
Developing a massive list of emails for marketing campaigns

Implementing GoZone WiFi's system in any bar, restaurant, or café can help a business increase customer loyalty, offer their customers a great Wi-Fi experience, and position itself to more effectively market to their chosen demographics. Adding this system is a simple, proven way to give businesses a higher ROI on Wi-Fi, ensuring a mutually beneficial interaction between them and their clients.

CONTACT:
Asa Hedstrom
asa@gozonewifi.com
(727) 314-6910

SOURCE: GoZone WiFi

ReleaseID: 618394

Shane Richard Roybal Discusses the Impact of the COVID-19 Pandemic on Numerous Sectors

With the COVID-19 Pandemic Impacting Every Industry, Shane Richard Roybal Is Here to Discuss the Impact from a Technological Perspective

WHEAT RIDGE, CO / ACCESSWIRE / November 25, 2020 / The COVID-19 pandemic has impacted everyone. There is no industry that has been left untouched and both businesses and residences are seeing the technological consequences of this virus. Shane Richard Roybal is a tech expert and he is here to discuss some of the major changes that have taken place in the world of tech during the pandemic.

Shane Richard Roybal Reviews the Impacts of Working from Home During the Pandemic

One of the biggest shifts that Shane Richard Roybal has noticed during the pandemic has been an increase in the number of people who are working remotely. With businesses aiming to avoid transmission of the virus in the workplace, more and more people are now working from home than ever before. At the same time, Shane Richard Roybal knows that this has had impacts on the tech world as well. Remote employees are placing greater demands on their current household bandwidth, meaning that devices, as well as their internet connections, might have a hard time keeping up. When this is combined with kids partaking in remote learning, it is easy to see how these demands are testing the IT infrastructure in our cities.

Shane Richard Roybal Highlights the Growth of Telehealth in the World of Healthcare

Another major shift that Shane Richard Roybal has noticed has been the growth of something called telehealth. Without a doubt, the healthcare industry has been strained during the pandemic. At the same time, many people do not want to leave their homes to go to the doctor's office. As a result, Shane Richard Roybal has noticed an increase in the number of people who are communicating with their doctor from home through video-conferencing or online chat sessions, in place of in-person visits. Tech advances have made this type of virtual visit possible for so many people, reducing barriers to care. This type of care presents a paradigm shift in the health industry, which has become a familiarity to many Americans due to the pandemic.

Shane Richard Roybal Looks at the Importance of a Secure Internet Connection in This New Working Environment

Finally, Shane Richard Roybal also wants to highlight the importance of a secure internet connection in this new era. There are countless people who are looking for ways to access the information they need to do their jobs from home. At the same time, Shane Richard Roybal wants to encourage employees and companies to take a look at ways they can keep their data safe while employees work from home. Using VPNs and other advanced security measures allow confidential and critical information to be transferred securely between home and office. As an IT specialist, Shane Richard Roybal is working with enterprises of all sizes to assist companies with managing their developing IT infrastructure concerns amidst the pandemic, as it is critical to prioritize cybersecurity in this new working environment.

https://www.54invest.com/

CONTACT:
Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Shane Roybal

ReleaseID: 618390