All Industries

Diamonds of Tomorrow: Adamas One Corp. (NASDAQ: JEWL) and the Lab-Grown Evolution

Adamas One Corp. (JEWL)

In the realm of luxury, few items hold as much allure and fascination as natural diamonds. Yet, beneath their shimmering surface lies a shadow of environmental concerns and sustainability issues. With the global demand for diamonds soaring to unprecedented levels, questions about their ecological footprint have begun to loom large. However, amidst this burgeoning awareness, a compelling alternative has emerged: lab-grown diamonds. Offering a sustainable and environmentally-friendly alternative to their mined counterparts, lab-grown diamonds have witnessed a meteoric rise in popularity among consumers. The market for lab-grown diamonds is on an upward trajectory, fueled by increasing adoption in the fashion, jewelry, and industrial sectors. According to a report by Allied Market Research, the global lab-grown diamonds market was valued at $24.0 billion in 2022 and is projected to reach a staggering $59.2 billion by 2032, boasting a robust compound annual growth rate (CAGR) of 9.6%. Enter Adamas One Corp. (NASDAQ: JEWL), a key player in the evolving landscape of the diamond industry. Positioned amidst a shift towards sustainability, Adamas One Corp. is at the forefront of pioneering greener practices in diamond production. In January of last year, Adamas One unveiled its financial results for the fiscal year ended September 30, 2022. The company's revenue milestone, exceeding $1.78 million in lab-grown diamond sales, marked a pivotal shift from research and development to commercial production. CEO Jay Grdina's strategic vision emphasized the importance of reaching full manufacturing capacity at the Greenville, S.C., facility by May 2023, laying the foundation for sustained growth. Scaling for Growth Throughout last year, Adamas One focused on scaling its production capabilities to meet growing demand. By March 2023, the company had achieved full production capacity at its South Carolina facility, boasting 12 reactors producing approximately 3,000 rough carats of diamonds monthly. This achievement positioned Adamas One Corp. as a leading player in the lab-grown diamond market, poised to generate over $12 million in annual revenue from its Greenville operations. November 2023 marked a significant milestone for JEWL with the successful creation of colorless lab-grown diamonds in the D, E, and F color ranges. This breakthrough, resulting from extensive internal R&D efforts, underscored the company's commitment to quality and innovation. CEO Jay Grdina's strategic roadmap highlighted the strategic importance of this development, particularly in meeting the stringent demands of the jewelry and technology sectors. A transformative moment for JEWL occurred in November 2023 with the establishment of Adamas Technologies, a wholly-owned subsidiary dedicated to harnessing lab-grown diamond solutions for the technology industry. Led by seasoned industry professionals, including COO Jerry McGuire, Adamas Technologies positioned itself at the forefront of semiconductor innovation. The subsidiary's focus on research, partnerships, and deployment underscored Adamas One Corp.'s commitment to diversification and market expansion. Setting the Stage for Growth Just last month, JEWL reaffirmed its strategic initiatives and market penetration efforts through a comprehensive shareholder update. The company's multifaceted approach encompassed delivering high-quality lab-grown diamond materials, launching the Elle Jolie luxury jewelry line, and leveraging its IP and R&D capabilities to explore new sectors, notably the technology industry. CEO Jay Grdina's forward-looking vision emphasized the company's commitment to sustainable growth and value creation for shareholders. More recently, March 2024 brought accolades for Adamas One Corp. as it received the prestigious title of "Best Lab-Grown Manufacturer for 2023" from Manufacturing Technology Insights Magazine. This recognition underscored the company's unwavering dedication to innovation and excellence in lab-grown diamond manufacturing, reinforcing its position as an industry leader. Charting the Future In a strategic move to accelerate innovation, Adamas One Corp. (NASDAQ: JEWL) today announced the formation of a Board of Advisors for its subsidiary, Adamas One Technologies. Comprising esteemed industry experts, the board will provide invaluable guidance as Adamas One Technologies explores novel applications for lab-grown diamonds in the semiconductor industry. This initiative reflects the company's commitment to fostering collaboration and driving technological advancements. “We are honored to have such distinguished industry experts join the Board of Advisors for Adamas One Technologies," stated Jerry McGuire, COO of Adamas One Corp and newly appointed board member. "Their collective wealth of experience and expertise will undoubtedly propel Adamas One Technologies to new heights as we explore the vast potential of lab-grown diamonds in semiconductor applications. I am excited to collaborate with this esteemed group as we drive innovation and shape the future of technology." As Adamas One Corp. (NASDAQ: JEWL) continues to push the boundaries of innovation in the lab-grown diamond industry, investors can expect continued growth and market leadership. With a steadfast focus on quality, sustainability, and technological innovation, Adamas One Corp. remains poised to shape the future of the diamond industry. For more information, visit the Adamas One Website https://www.adamasone.com/ Disclaimers:CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. CapitalGainsReport (CGR) has been retained by Awareness Consulting to assist in the production and distribution of content related to JEWL. 'CGR' is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by CapitalGainsReport or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR is not a fiduciary by virtue of any persons use of or access to this content. Contact Details CapitalGainsReport Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://CapitalGainsReport.com

March 26, 2024 09:15 AM Eastern Daylight Time

Beyond Big Tech - How Brand Engagement Network (NASDAQ: BNAI) Is Shaping The Future Of AI

Benzinga

By Faith Ashmore, Benzinga Generative AI has taken the world by storm but the not-so-secret reality is it's largely owned by Big Tech. While many thought that AI would become a thriving competitive ecosystem where start-ups and established companies alike could take advantage of new technology, the truth is much more stark. Almost every startup, new player and even AI research lab relies on Big Tech. They depend on the computing infrastructure of Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN) and Google (NASDAQ: GOOG) to train their AI systems, as well as the extensive consumer market reach of these firms to deploy and market their AI products. In fact, many AI companies opt to license and rebrand AI models – in a method referred to as “wrapping” – that were originally developed and sold by these tech giants or their affiliated startups. While these systems may be operational, it begs the question; ‘By using AI, are we granting even more power to these industry behemoths?’ It's an important question to consider, especially when it seems like every week there is a new congressional hearing with Big Tech CEOs to gain transparency into their systems. AI is certainly the way of the future, but smaller companies shouldn’t be run out of the equation by Big Tech either. The AI Company Standing Up To Big Tech And Setting Itself Apart Brand Engagement Network (NASDAQ: BNAI) (BEN) seems to be making a splash in the AI industry. The pure-play AI company's target market encompasses client service businesses seeking heightened efficiencies and enhanced customer experiences. Having commenced operations in 2018 and initiated its generative AI in 2019, the company is committed to furthering the future of AI. The company has spent the past several years acquiring patents to enhance sound and image processing, sensor data and AI perception and understanding. The company released its AI/3D avatar prototype in 2020, showcasing BEN's ability to blend cutting-edge technology with immersive user experiences. BEN’s AI has distinguished itself from competitors through 16+ perception, understanding, and response AI modules that facilitate a truly human-like interaction in the ways it can listen, see, speak, and react. Another way it distinguishes itself is through its data. It isn’t like most LLMs, where there is a risk of the conversational AI “losing its mind,” infringing copyrighted information, or hallucinating. In other words– businesses determine the parameters of what BEN’s AI can and cannot say. BEN’s AI assistants are walled gardens for each business, meaning they learn and are trained on what the business specifies they learn and train on and the benefits are contained to that individual instance. It truly is the businesses’ AI. BEN’s full stack solutions can be ring fenced and operate without access to 3rd party systems or without an external internet connection for companies where maximum data security and compliance are a must. BEN has just announced the successful completion of its business combination with DHC Acquisition Corp., under which DHC shareholders approved the transaction at its extraordinary general meeting held on March 5, 2024. The combined company will now operate under the name of Brand Engagement Network Inc., and it commenced trading on the Nasdaq Stock Market on Friday, March 15, 2024. Its common stock is traded under the ticker symbol BNAI, while publicly traded warrants will be traded under the ticker symbol BNAIW. “We are pleased to complete our business combination with DHC and begin our next chapter. As a pure play public AI company, we expect BEN will continue to lead the design of business-safe AI solutions. We are committed to AI that delivers to our customers personalized consumer engagement, superior CX, productivity and performance through helpful, friendly AI assistants,” said BEN CEO Michael Zacharski. “We are incredibly grateful to our leadership team, employees and partners around the world for their support in our journey. We are looking forward to the future and believe BEN is well-positioned to capitalize on significant growth opportunities and generate substantial value for all stakeholders.” With Big Tech dominating the AI industry, companies like BEN are a breath of fresh air. Not to mention, its technology, in many ways, supersedes some of the limitations of existing AI. For businesses that want a tailored customer experience and are looking to cut costs with AI, BEN’s technology could be the solution. Featured photo by Growtika on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 26, 2024 09:15 AM Eastern Daylight Time

Image

Atlas Lithium (NASDAQ: ATLX) Announces Appointment Of Seasoned Lithium Expert Brian Talbot As Chief Operating Officer

Benzinga

By Faith Ashmore, Benzinga Atlas Lithium (NASDAQ: ATLX) is a little-known company that has positioned itself to take advantage of Brazil's Lithium Valley, which holds an estimated 85% of the country's lithium reserves. With a focus on sustainable mining practices, Atlas Lithium aims to develop and produce high-quality lithium concentrate to meet the increasing demand for lithium-ion batteries in industries like electric vehicles (EVs) and renewable energy storage systems. To help achieve its ambitious goals, the company has announced the addition of Brian Talbot to its management as Chief Operating Officer and a member of the Board of Directors, effective April 1, 2024. Mr. Talbot is a renowned executive in the lithium sector with over 30 years of experience in mining operations. He has a strong DMS plant development and operation track record, having worked at major lithium companies. “When speaking with global lithium investors, Brian Talbot is a name that is clearly revered as a ticket for success. The fact that Atlas Lithium can attract such exceptional talent speaks volumes about our culture and the potential of our project. We wholeheartedly welcome Brian to our Board of Directors and to lead our development and exploration technical teams,” said Marc Fogassa, the company’s Chairman and Chief Executive Officer. Previously, Mr. Talbot served as the Chief Operating Officer at Sigma Lithium Corporation (NASDAQ: SGML), overseeing the development of the Grota do Cirilo project. He also held positions at Galaxy Resources (ASX: GXY), where he significantly increased production at Mt. Cattlin and Bikita Minerals in Zimbabwe, the longest-running hard-rock lithium mine in the world. With Mr. Talbot's expertise, Atlas Lithium aims to enhance its operational capabilities and drive early revenue strategy, with anticipated first revenues and production commencing in Q4 2024. Mr. Talbot shared, “After visiting and studying in detail Atlas Lithium’s properties, I firmly believe there is a strong alignment between my expertise in expediting hard-rock lithium projects to production and the solid foundation that the Company has already built. This opportunity allows me to further advance Atlas Lithium’s strategic direction as a member of its Board of Directors, while also fostering my professional growth as a leader in the lithium space.” Talbot will be joining a diverse team of experienced professionals, including geology leaders with nearly 30 years of lithium exploration experience, former Galaxy Resources (ASX: GXY) executives, and the former Chairman of Allkem. Leading the company's Board is Marc Fogassa, the Chairman and Chief Executive Officer. The company's leadership team combines global mining expertise with a deep understanding of U.S. capital markets, which should aid the company on its path to success. As the globe races to reduce carbon emissions, EVs and renewable energy storage systems will need a steady supply of lithium to remain operational. The global lithium market size was valued at $38.2 billion in 2022 and is projected to reach $230.4 billion by 2031, growing at a CAGR of 22.1% from 2023-2031. Although Atlas Lithium has yet to achieve widespread recognition, the company boasts a strong team of industry leaders with extensive backgrounds and expertise in their respective fields. Talbot is the latest addition to the company, and its commitment to ensuring quality leadership should help position Atlas Lithium to emerge as a major supplier of this crucial resource. Featured photo by Artyom Korshunov on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 26, 2024 09:15 AM Eastern Daylight Time

Image

Tennr puts fax machines back in vogue for healthcare organizations using AI, as it secures $18m from a16z

Tennr

Fax machines are older than telephones and the internet. Despite being a legacy technology, the healthcare industry still sends 9 billion faxes a year because they are more reliable than telephone calls and emails. While most startups have been trying to digitize faxes out of existence, Tennr has raised $18M to bridge healthcare’s problems in an unconventional way: working with, not against, the fax machine. Tennr’s $18m series A funding round was led by a16z with participation from Foundation Capital and The New Normal Fund. Other investors (from the seed round) include YCombinator, Zaza Pachulia, Jennifer Kaehms, and other notable health and AI focused investors. With this funding round, Tennr has now raised over $25m. Tennr’s founders, Trey Holterman, Diego Baugh, and Tyler Johnson, met as freshmen at Stanford where they worked together studying machine learning. They saw early on how good contextual models were becoming at doing repetitive, manual tasks and how much power this had to ‘magic away’ busywork in traditional industries. After graduation, the team dedicated years to building powerful, robust systems for reading unstructured documents, automating data entry, and applying them specifically to healthcare. Today, practices nationwide are using Tennr to automate referral processing, payment posting, claims auditing, medical record management and more. Many thought faxes would face their end in 2009 when the HITECH Act put $27 billion towards encouraging healthcare to use EHRs, become “paperless,” and set up integrations. Fifteen years later, most providers and hospitals have implemented EHRs, but still default to e-faxing for sending or receiving patient records, audit requests, and referrals back to coordinate patient care. This manual work triggers an endless cascade of issues for practices: it’s time-consuming, takes longer for patients to receive critical care, is vulnerable to human error, leads to expensive claim denials, creates needless back-and-forth between practices delaying care, and increases employee burnout and turnover. While most products that streamline healthcare workflows attempt to sever the dependency on faxes, Tennr is taking a different approach. Instead of expecting practices to change, Tennr meets them where they are — working inside the solution they already know and trust. When a practice receives a digital fax through email or their EHR inbox, Tennr reads the documents and automates the work associated with processing them. This act of finding and moving information quicker and with more accuracy resolves most of the problems digital faxes cause. For example, when a patient is referred from a primary care provider to a specialty practice through a faxed referral, Tennr, in real time, extracts the key patient information and coordinates with the patient so they can be scheduled quickly and accurately; if a fax or referral is incomplete, Tennr automatically requests the missing information. As a result, patients get the care they need, allowing practices to maintain stronger referral relationships, provide continuity of care and improve patient outcomes. “When building Tennr and this healthcare integration, we looked at what’s actually needed and saw what was possible with technology. Our number one integration today is across fax providers, on-prem file storage systems and EHRs from the 90s. And this is the real life need of the industry. But beyond that, what people miss the most in all of this is that it’s not about just automating work or making teams faster. Lots of people can build tools that make admins marginally faster–that just doesn’t move the needle. Instead, our research team is building models based around this very complex information flow, being able to parse it for one practice at a time, and then do the work so well that you can turn it into very clear growth for a business. And yes, the e-fax ends up being in the middle of it all,” said Trey Holterman, CEO and co-founder of Tennr. Insurance denials are often the result of poor or unclear information which impacts the provider and patient. Tennr works on both sides of the insurance/provider relationship, automating the flow of information to commercial payors, as well as reading the information that’s returned. Ultimately, this helps service providers catch and correct wrong information before they submit to a commercial payor. Moreover, when Tennr identifies wrong information it’s able to request the correct information, in the correct format – minimizing insurance denials and helping practices get paid faster. And since Tennr is automating this work, there are no manual errors, less employee burnout, and crucially, returns time back to staff. The hard part is of course, actually reading the faxes, and integrating with archaic systems. Documents that can be many pages long with dozens of patients attached are unstructured, messy blobs of data that are nearly impossible for computers to work with. To make matters worse, actually getting data where it needs to go (onto an electronic health records system) requires maintaining integrations with archaic and fragmented systems. Rommy Foteh, the Chief Operations Officer at NMA, a national specialty practice serving tens of thousands of patients a month said: “it's been about effectively seeing more patients while being the kind of partner our customers need. When we’re able to respond to our partners as quickly as we do now using Tennr, and ensure we have everything we need to see a patient, those patients remember their great experience with NMA, encouraging our surgeons and hospitals to continue to refer to us.” Commercial health plans like Prominence Health have begun to excitedly embrace this new technology as well, seeing it as a driver for better experiences for providers which means a better experience for patients subscribed to Prominence Health. Dominic Henriquez, Chief Development Officer at Prominence Health said, “At Prominence Health, we lead the charge in innovating value-based care, constantly seeking disruptive technologies to enhance operational efficiency. The Tennr product seamlessly aligns with our mission to deliver higher value to our customers. By eliminating traditional administrative burdens like scanning medical records and data entry, Tennr enables us to prioritize elevating patient experiences, improving health outcomes, and enhancing care coordination.” Cleaning up the messy data coming in from faxes to automate patient intake and insurance communications is just the beginning of Tennr’s vision. If Tennr can read faxes, understand what information needs to be extracted from them, and where that information needs to go, it can chip away at many of the most costly problems within the US health system. For now, Tennr is using this investment to grow its team, scale its operations, and help organizations automate everything that starts with a fax. “Amidst the theoretically unbounded possibilities of AI, the Tennr team has impressed us with their unwavering focus on building applications solving specific, tangible problems for their customers, said Kristina Shen, general partner at Andreessen Horowitz. About Tennr Based in New York, Tennr automates the messy, painful, manual work holding healthcare organizations back from seeing more patients, increasing revenue, and growing their business. These automations are configurable to the intricacies of each organization’s workflows – meaning they can perform exactly the way a human would, using a practice’s existing tools. As a result, organizations can automate any work that begins with a fax without migrating to a new tool or increasing their headcount. These organizations can also use the data Tennr structures to take advantage of trends that can grow their practice. Learn more at https://www.tennr.com/ About a16z Andreessen Horowitz (aka a16z) is a venture capital firm that backs bold entrepreneurs building the future through technology. We are stage agnostic. We invest in seed to venture to growth-stage technology companies, across AI, bio + healthcare, consumer, crypto, enterprise, fintech, games, and companies building toward American dynamism. a16z has $35B in assets under management across multiple funds. Contact Details Tennr Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.tennr.com/

March 26, 2024 09:00 AM Eastern Daylight Time

Image

Sports Research® Partners with YULEX® on First Ever Eco-Friendly Waist Trainer

Sports Research

Sports Research®, known for its boundary-pushing innovations designed to optimize the health and wellness of users worldwide, is thrilled to introduce its newest creation the Sweet Sweat® Eco Waist Trainer. Developed to provide optimal support and comfort while minimizing environmental impact, the breakthrough Sweet Sweat® Eco Waist Trainer is the first natural rubber waist trainer made with YULEX® technology. The Sweet Sweat Eco Waist Trainer represents a significant advancement in the world of fitness and shaping apparel. The product uses YULEX natural rubber foam that is responsibly and sustainably sourced from the bark of the Hevea tree, also known as the rubber tree, providing a deforestation-free, renewable source of natural rubber for up to 23 years. This eco-friendly natural material offers a softer, more flexible inner lining for a comfortable fit throughout every workout without compromising performance. In addition to the product’s eco-friendly materials, the Sweet Sweat Eco Waist Trainer is sold in 100% recyclable packaging. As Sports Research continues to stride forward in breakthrough product developments, the launch of the Sweet Sweat Eco Waist Trainer signifies another milestone in the company’s ongoing mission to empower individuals to lead healthier, more active lifestyles. It also embodies the company’s ongoing commitment to sustainability. The Sweet Sweat Eco Waist Trainer provides fitness enthusiasts with a solution that no longer forces them to choose between performance and the planet. “Sports Research strives to continually innovate and create products that align with our customer’s values and preferences,” said Jeff Pedersen, CEO at Sports Research. “With the launch of the Sweet Sweat Eco Waist Trainer, we’re harnessing the power of YULEX technology to offer a sustainable solution that empowers individuals to achieve their fitness goals while also contributing to a healthier planet.” The Sweet Sweat Eco Waist Trainer is meticulously crafted to offer more than just a premium stomach wrap. It’s a versatile fitness companion contoured to fit comfortably around the user’s waist during various exercises, from core workouts to cardio and HIIT training. This waist trainer enhances any workout experience by helping increase the temperature around the waistline, allowing users to sweat harder and maximize the benefits of their exercises. Its innovative design ensures optimal support and comfort while promoting proper posture and enhancing core engagement for more effective workouts and improved results. With its sleek and durable construction, the Sweet Sweat Eco Waist Trainer adapts to the body’s movements and repels moisture, providing superior heat insulation to keep customers focused and comfortable throughout their fitness journey. Backed by Sweet Sweat’s commitment to quality and customer satisfaction, the Sweet Sweat Eco Waist Trainer’s rigorous product testing and attention to detail ensure that every waist trainer meets the highest durability and performance standards, providing users with a reliable fitness accessory they can trust. The Sweet Sweat Eco Waist Trainer is now available for purchase on https://www.sweetsweat.com/eco-trainer for $29.95 and in sizes S-XL. About Sports Research® Since 1980, Sports Research has been a family-owned and operated company founded on a passion for fitness, wellness, and healing. The company’s first product, Sweet Sweat®, quickly gained popularity and paved the way for a wide range of proven, research-backed health and fitness products designed for everybody — inside and out. Sports Research is committed to using only the highest quality ingredients and materials sourced from around the world, many of which have been the center of scientific studies—just as the name implies. The Sports Research team of experts is dedicated to helping people live their best lives by providing innovative and effective health and fitness solutions.To learn more about the company's commitment to quality and its robust product line, visit sportsresearch.com. About YULEX® YULEX® ( www.yulex.com ) was founded on the principle of producing responsible, sustainable, renewable plant-based products that perform at a high level while minimizing environmental impact. YULEX® materials are differentiated in the marketplace because they also share over 50% of their profits from natural rubber sales to smallholders (farmers) in the supply chain, to help improve wages, support rural livelihoods and contribute to economic development of smallholders and their communities. Contact Details Trust Relations Allison Ullo +1 610-905-1817 allison@trustrelations.agency

March 26, 2024 09:00 AM Eastern Daylight Time

Video Image

Gold Surges To All-Time High In March: Pasofino Gold Unearths Potential in Liberia’s Birimian Region

Benzinga

By Faith Ashmore, Benzinga In early March, the price of gold reached a new all-time high, settling at $2,141.90 per troy ounce. This is the latest news in a series of gold-positive milestones in the past few years. Gold has long been considered a resilient investment option and a good hedge against inflation. When interest rates decrease, the appeal of holding income-generating assets such as bonds diminishes in comparison to owning valuable metals. Gold certainly seems to be in a heyday currently; in September of last year, the popular brand Costco (NASDAQ: COST) began selling gold bars and reported selling over $100 million worth during their first fiscal quarter of 2024. The demand for this gold is indicative of global economic uncertainty since gold typically offers a tangible and less risky alternative to investing in stocks. The global economic turmoil and subsequent gold rush may be here to stay for the near future as the U.S. gears up for a contentious election year and regional conflicts like the Russian-Ukraine war and the Israel-Hamas war continue to capture headlines. While China and other major gold-mining countries like Australia, Russia, the United States, Canada and South Africa have typically been the leading suppliers of gold, Pasofino Gold (CVE: VEIN) is hoping to bring Liberia into the gold mining conversation. Pasofino Gold considers Liberia as West Africa's last untapped gold exploration frontier. Why Liberia Is A Premier Spot For Gold Mining Pasofino Gold recognizes that only a small fraction of Liberia's gold potential has been explored or mined. The company has cultivated strong relationships with the local community and is enthusiastic about developing Liberia as a prominent player in the gold market. Liberia presents a potentially attractive investment opportunity in West Africa, as demonstrated by a substantial level of Foreign Direct Investment (FDI) compared to GDP. The country has received over $18 billion in FDI, highlighting its dedication to economic growth and development. Pasofino Gold believes that with a robust gold economy, Liberia has the potential to become an even more influential economic force in West Africa – benefiting its investors in the process. Pasofino Gold recently announced significant progress in their Dugbe gold project. The Dugbe project is located in the Birimian region, one of the most prospective gold-bearing terrains worldwide, with over 20 new mines established in the past two decades. The area's rich mineral endowment, characterized by vast greenstone belts and associated mineral deposits, presents a favorable geological setting for gold mineralization. After completing a thorough exploration and a feasibility study in 2022, the company commenced an exploration program in a specific target area known as Bukon Jedeh. Fieldwork has already begun, and the drilling rig has been mobilized with drilling expected to commence in March 2024. Despite the rich gold deposits and a long history of production in the area, Pasofino Gold believes that the potential and geological characteristics of Bukon Jedeh have not been fully understood. Initial Reverse Circulation (RC) drill holes were conducted in 2012 and 2013, which revealed high-grade intervals. However, no further follow-up was conducted at the time as the company's focus shifted to other gold deposits. In August 2022, Pasofino Gold revisited Bukon Jedeh and collected rock samples, which showed promising results of up to 31 grams per ton of gold. If gold prices continue to rise and attract attention, companies like Pasofino Gold could be well-positioned in the market. And if the company is right about Liberia’s prospects, the entire country could stand to profit from an expanded presence in the industry. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 26, 2024 09:00 AM Eastern Daylight Time

News Release

Unstoppable Domains Partners With Bitget To Deliver Digital Identities to 25M Users

Bitget

Bitget, one of the world's largest crypto copy trading platforms, has partnered with Unstoppable Domains, a global leader in Web3 digital identity. This collaboration provides over 25M Bitget users with.bitget top-level domain (TLD) to provide Bitget's thriving community with a decentralized and distinct route to express their digital identities. The introduction of the.bitget Top-Level Domain (TLD) represents a pivotal step forward in empowering users with the ability to establish a distinct and personalized digital presence. With this new feature, Bitget users are granted the opportunity to navigate to.bitget domains and reserve their preferred names, such as Sandy.bitget, and trader.bitget, effortlessly. Owning a.bitget domain extends far beyond a mere digital address. It serves as an all-encompassing username for users to navigate over 860 integrations across diverse Web2 and Web3 applications seamlessly. From simplifying crypto transactions with easily readable wallet addresses to logging into hundreds of apps, games, and metaverses, the.bitget on Unstoppable domain empowers users with a unique and secure digital identity. The domain can also be utilized to build decentralized websites, showcase on-chain achievements, and set a new standard in how users interact with the digital world. This advancement aligns with Bitget's commitment to fostering the growth of cryptocurrency and delivering top-tier, innovative solutions within the rapidly evolving technological landscape. "The partnership between Bitget and Unstoppable Domains is a big step towards redefining the user experience for our users. It marks the convergence of our robust trading platform with the frontier of decentralized web domains, empowering an unparalleled control and security over their digital identities." said Shaed Hashimkhial, North America Head at Bitget. In South Asia, Bitget experienced an extraordinary surge in spot trading volume during Q4 2023, with a 540% increase compared to previous figures and total trading value surpassing $3.14 trillion in 2023. Bitget's remarkable growth trajectory has led to a user base surpassing 25 million in 2024; with a strategic approach to listings, the platform saw a robust 46% year-on-year increase, incorporating 355 new listings — now encompassing over 600 tokens and 700 spot trading pairs. “Identity is the center of the Web3 experience, and with Bitget, we’re making Web3 more personal and intuitive for the Bitget community,” said Sandy Carter, COO and Head of Business Development at Unstoppable Domains. “We’re thrilled to deliver the power of user-owned digital identity to Bitget users.” Through this partnership, Unstoppable and Bitget demonstrate their commitment to innovation, community engagement, and the broader adoption of Web3 technologies. For more information, please visit: https://unstoppabledomains.com/ About BitgetEstablished in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com About Unstoppable Domains Founded in 2018, Unstoppable Domains is building a platform for user-owned digital identity. Unstoppable Domains offers Web3 domains minted on the blockchain that give people full ownership and control of their digital identity, with no renewal fees. With Unstoppable Domains, people can replace lengthy alphanumeric crypto wallet addresses with a human-readable name and log into and transact with hundreds of apps, wallets, exchanges and marketplaces. The company was named by Forbes as one of America's Best Startup Employers in 2022. For more information, please visit: https://unstoppabledomains.com/ Contact Details Sylvia Huang +971 52 892 2724 press@unstoppabledomains.com

March 26, 2024 09:00 AM Eastern Daylight Time

OLB Group (NASDAQ: OLB) Preparing for Strategic Spinoff Of DMint Subsidiary to OLB Shareholders

Benzinga

By Faith Ashmore, Benzinga OLB Group Inc. (NASDAQ: OLB) has announced plans to spin off 100% of DMint, its bitcoin mining subsidiary, to OLB Group shareholders at a soon-to-be-announced Shareholder of Record Date. OLB Group, a payment processing company, is known for its suite of products and merchant services catering to the needs of small and medium-sized enterprises (SMEs), as well as larger organizations. OLB Group's flagship product, OmniSoft (™), is a cloud-based e-commerce platform that enables businesses to easily establish an online commerce presence, manage and track their sales and accept and process payments securely. The spinoff will give OLB shareholders one share of DMint for each share of OLB Group owned on the Shareholder of Record Date, which will be announced after the final SEC approval. OLB has already filed an S1 filing with the SEC for the spinoff and has answered initial SEC comments and completed stand-alone audits for DMint. DMint, based in Selmer, TN, is a low-energy-cost cryptocurrency mining operation with a 15,000-square-foot facility on 4.7 acres, powered by TVA hydroelectric power. The company reports that power costs are under $0.048/Kwh. DMint currently has energy-efficient 276 S19J Asics miners up and running, with the facility having a total capacity of 5,000 miners utilizing 20 Megawatts (MW) of power. DMint’s access to low power costs contributes to the “soon to be spun off” subsidiary's enterprise value. Bitcoin miners that survive the upcoming Bitcoin halving in April may include those entities with under $0.054 kwh power costs. DMint’s ability to deploy up to 5,000 mining machines with profitable metrics enhances its value. The spinoff of DMint, which reportedly has a third-party valuation of $29 million, is expected to unlock significant value for OLB Group shareholders. A Confidential S1 has been filed, preliminary comments from the SEC have been answered and a separate subsidiary audit has been conducted in preparation for the upcoming spinoff and resulting DMint stock dividend to be distributed to OLB shareholders. OLB Group’s recently announced strategic acquisitions of Black Wireless and Mango Mobile are promising initiatives geared to provide the company with new sources of revenue in a growing market sector. These acquisitions and strategic expansions are enabling the company to leverage the serial digital interface (SDI) network and offer one Point of Sales (POS) system to customers, so they can purchase products and reload mobile phone minutes seamlessly. OLB Group is in the process of rebranding these platforms and integrating them into the OLB Payment Platform and ECO Payment system, providing a new revenue source. In addition to its comprehensive suite of products and services and recent expansion into the under-banked sector, OLB Group's spinoff of DMint demonstrates its dedication to building shareholder value. With strategic acquisitions and a commitment to staying ahead of the technological curve, OLB Group is solidifying its position as a leader in its industry. Despite generating around $30 million in annual revenue from its payments business, OLB Group has a current market cap of only about $13.2 million (as of March 7, 2024). Given its current valuation at 0.3 times sales and a pending spinoff that may be valued at almost 2X the current price, OLB is a company to watch for future corporate developments and potential appreciation. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 26, 2024 09:00 AM Eastern Daylight Time

Consumer Edge Expands Global Consumer Spending Data Coverage with CE Vision EUR

Consumer Edge

Consumer Edge (CE), the leading provider of global consumer data-driven insights, has expanded its data coverage in CE Vision to include European consumer transaction data for Spain, Germany, Italy, France, and Austria. This new data set, CE Vision EUR, expands the company’s coverage beyond the US and UK to five new countries, encompassing consumer transaction data such as credit, debit, direct debit, and direct transfer data covering 4.4K+ brands. “With CE Vision EUR, businesses can now track market share globally and conduct comparative analyses of market trends across both the US and Europe. Our expanded data set provides businesses with a more comprehensive understanding of consumer behavior and allows them to make more targeted responses to changes in dynamics,” said Bill Pecoriello, CEO of Consumer Edge. "The inclusion of European data in CE Vision marks a significant milestone for our organization, bolstering our continuous endeavor to provide world-class, actionable consumer insights.” CE Vision EUR datasets allow users to: Track market share globally across US and Europe: Monitor global market trends to better understand consumer behavior and make strategic adjustments. Expand competitive analysis capabilities across geographies: Enhance competitive analysis to better grasp competitors' strengths and weaknesses across regions, enabling stronger defense strategies and proactive tactics. Analyze and Monitor global market trends: Blend US, UK, and EU data for comprehensive global market insights, empowering strategic business decisions. CE Vision EUR is available in machine-readable file delivery for easy integration into existing tools. To learn more about CE Vision EUR, or to request a free trial, click here. About Consumer Edge Consumer Edge (CE) provides data-driven insights focused on the global consumer. Founded in 2009 by CEO Bill Pecoriello, CE is a data and insights as a service (IaaS) company delivering unparalleled views into global consumer spending behavior coupled with deep industry knowledge and analytical expertise. CE solutions provide key stakeholders across the corporate and investment landscapes with best-in-class tools to enable enhanced strategic decision-making. CE’s unique capabilities allow for actionable insights driven by near real-time market intelligence and benchmarking at the brand, sub-industry and industry levels. For more information visit consumer-edge.com. Contact Details Kite Hill PR for Consumer Edge +1 724-787-1565 ConsumerEdge@kitehillpr.com Company Website https://consumer-edge.com/

March 26, 2024 09:00 AM Eastern Daylight Time

1 ... 317 318 319 320 321 ... 3755

Back