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August 20, 2025 11:06 AM
EDT
SACRAMENTO, CA

Earthquake Brace + Bolt Grant Program Opens Again for 2025 – Grant Program Expands to Rentals

The California Residential Mitigation Program (CRMP) announced today its second Earthquake Brace + Bolt (EBB) grant registration period for 2025, running from August 20 through October 1. For the first time, this open registration expands eligibility to include non-primary residential properties, giving landlords and other property owners the opportunity to apply for seismic retrofit grants to strengthen wood-framed, homes built before 1980 with raised foundations against earthquake damage.

Following the successful registration of nearly 19,000 homeowners during the January registration period, CRMP is initiating a second registration phase. With more than 1,100 eligible ZIP Codes across the state — including 303 added earlier this year — qualified homeowners can apply for grants of up to $3,000 to help cover the cost of bolting houses to their foundations and bracing crawl space walls. These seismic retrofit upgrades help to reduce earthquake damage and provide more resilient housing in high-risk areas.

More than $20 million in grant funding will be available to help offset the cost of seismic retrofits. Since the 2013 EBB program launch, more than 32,500 California homeowners have received grant assistance for strengthening

their homes against earthquake damage. The EBB grant program is administered by CRMP, a Joint Powers Authority between the California Earthquake Authority (CEA) and the California Governor’s Office of Emergency Services (Cal OES).

“Offering a second registration period this year is a valuable opportunity in helping us meet the strong demand we’ve seen for earthquake retrofit assistance,” said Janiele Maffei, Chief Mitigation Officer, California Earthquake Authority. “By opening eligibility to include non-owner-occupied residential properties, we are helping ensure more of California’s older homes, including rentals, can be strengthened against earthquake damage. Retrofitting is one of the most effective ways to reduce the risk of severe damage in a major quake, protecting both residents and the communities they call home.”

Income-eligible homeowners may also qualify for supplemental grants. Up to $7,000 in additional grant funds are available for households with an annual income at or below $89,040, which may provide up to 100% of the funds needed to cover a seismic retrofit. Grants are contingent upon meeting eligibility requirements and available funds.

"Earthquake retrofits create a safer and more resilient California. Expanding retrofit grants to rental properties means CRMP will provide even greater protection for California’s housing stock and the families who call these properties ‘home,’” said Tom Welsh, CEO of the California Earthquake Authority. “Each retrofit brings us one step closer to a better-prepared California."

Beginning August 20 and running through October 1, 2025, eligible homeowners can register for a retrofit grant at EarthquakeBraceBolt.com, where they can also find detailed program information, select a trained California- licensed general contractor and view the full list of ZIP Codes and program areas.

About Earthquake Brace + Bolt (EBB)

Established by the California Residential Mitigation Program, EBB offers up to $3,000 to help California homeowners retrofit their house to reduce potential damage from earthquakes. A residential seismic retrofit makes a house more resistant to earthquake activity, such as ground shaking and soil failure, by bolting the house to its foundation and adding bracing around the perimeter of the crawl space. For more information, please visit EarthquakeBraceBolt.com.

About California Residential Mitigation Program (CRMP)

CRMP was established in 2011 to help Californians strengthen their homes against damage from earthquakes. CRMP is a joint powers authority created by the California Earthquake Authority and the California Governor’s Office of Emergency Services. For more information, please visit www.crmp.org.

Media Contact

Sheri Pierce
spierce@calquake.com
+1 279-203-1426

August 20, 2025 9:00 AM
EDT
NEW YORK, NY

‘The Envoy’ to Launch on Global Streaming as Emmy-Winning Creators Spotlight Superfoods Powering Health, Tourism and Technology

"The Envoy" is a fast-paced new docuseries from Emmy-winning talent behind Netflix, CBS, YouTube and Anthony Bourdain’s original team. Premiering in 2025 on leading global streaming platforms with an estimated reach of 50 to 70 million households, the series brings a cinematic lens to extraordinary places, showing how what we eat shapes where we travel and how economies grow.

Each 30-minute episode explores how food is shaping the future through three pillars:

  1. Health: Food as medicine
  2. Wealth: Economic growth and small business
  3. World: Sustainable tourism and climate-positive agriculture

At a time when trust in traditional media is low and budgets are being slashed, "The Envoy" stands apart: world-class cinematic quality, creator-led and mission-driven to bridge soft power with real-world impact.

The mission of "The Envoy" is to make audiences smarter, more connected and optimistic about the future.

Governments Spend Billions, Yet Most Miss the Mark

In 2024, governments invested over $642 billion in tourism and cultural promotion. Most of it is lost in ad buys, consultant decks and one-off campaigns with no clear return.

"The Envoy" is the first purpose-built platform for driving action among U.S. consumers, who control more than $8 trillion in global spending across travel, food and lifestyle.

“Sometimes the difference between a local tradition and a global success story is the right spotlight,” said Laura Layousse, CEO of Compagnie Africaine Agroalimentaire, who is featured in "The Envoy: Senegal." “'The Envoy' gives us that spotlight. We’ve always known fonio was something special — a beautiful, resilient grain that’s nourished our communities for generations. This kind of visibility can change everything for farmers, families, and the future of African agriculture.”

Case Study: Thailand’s Culinary Diplomacy Success

In 2002, Thailand launched the Global Thai program to boost its global image through cuisine — a key success for culinary diplomacy, the concept of sharing culture through food. The economic success of pad thai as a global staple resulted in increased demand for rice noodle exports, increased travel to Thailand and improved international perception.

"The Envoy" is the first systematic approach to taking this model further. Using premium global distribution and world-class storytelling, the series accelerates visibility and perception change by spotlighting tourism, trade and technology.

A New Model For Media

“'The Envoy' fills a critical gap in the market, aligning the goals of governments, nonprofits, and viewers to create shared prosperity and stronger global ties,” said Todd Green, strategic advisor to "The Envoy." “Our media model is built to be sustainable and a blueprint for the future of content marketing where premium storytelling, journalistic integrity and real-world impact work hand in hand.”

The series is already being featured at major global forums, including at a highly curated Sundance Film Festival event held alongside executives from Whole Foods Market and The Rockefeller Foundation, to connect storytelling with strategy.

The show's marketing strategy embraces the power of in-person connection, with a presence at key cultural and commercial events including the Fancy Food Show, World Travel Market, U.N. General Assembly and SXSW.

Premiere Episode: Fonio in West Africa

The debut episode features Bill Gates, celebrity chef Pierre Thiam, Pulitzer Prize-winning journalist Borso Tall and philosopher-farmer Moussa Samb as they explore one of the world’s oldest and most climate-resilient grains.

Fonio was the grain of kings and buried with ancient pharaohs — until it was nearly lost. Today, this nutrient-rich grain is powering a new future across the Sahel by improving nutrition, expanding economic opportunity for women and helping reverse desertification.

"The Envoy" brings this story to life as a blueprint for healthier communities, economic growth and a more resilient planet.

Looking Ahead

“We’ve combined world-class journalism, filmmaking, creator content and marketing into one platform,” said Anne Marie Hagerty, creator and host of "The Envoy." “Our team aims to launch the next ‘Food Wonders of the World,’ using premium content to make our viewers smarter, more optimistic and more aware of how their choices can have a positive impact on the planet.”

"The Envoy" is now inviting select partnerships with aligned brands and foundations seeking purpose-driven content that travels — culturally and commercially — to amplify their mission on a world stage. New episodes will premiere throughout 2026.

For private screening access to view the show, partnership inquiries or more information, visit www.theenvoyshow.com or email hi@theenvoyshow.com.

About The Envoy Show

“The Envoy” is a fast-paced docuseries about food and travel, created by Academy Award- and Emmy-winning filmmakers and former producers of Anthony Bourdain to deliver cinematic storytelling that makes audiences smarter, more connected and optimistic about the future. For more information, visit www.theenvoyshow.com.

Media Contact

Christy Bastin
christy@theenvoyshow.com

August 20, 2025 8:00 AM
EDT
NEW YORK, NY

Qwoted Welcomes Investment from Mudita Venture Partners to Scale Trusted Network Connecting Journalists and Experts

Qwoted, the network built for newsmakers, has received new backing from Mudita Venture Partners, an early-stage firm that supports companies with purpose. Raised as a part of a SAFE round in June 2025, the funding will support Qwoted’s continued growth as it builds faster, smarter ways for journalists to find trustworthy sources and for real experts to showcase their authority and knowledge.

Mudita Venture Partners invests in early-stage companies with big impact potential. Their backing reflects a shared belief in Qwoted’s role as a network that empowers both sides of the media equation.

“Qwoted is democratizing access to the media by giving journalists an easier way to find real experts and putting credible voices front and center in the news cycle,” said Josh Linkner, managing partner at Mudita Venture Partners. “That’s the kind of structural innovation we’re happy to support.”

The investment comes at a time when more journalists are seeking speed, trust, and authenticity in the sourcing process. Since 2017, Qwoted has quietly become the go-to network, making that possible. With over 200,000 professionals on the platform, Qwoted is shaping a new kind of media workflow that doesn’t rely on buried inboxes or unvetted replies but on authentic relationships and better tools for getting the story right. The number of reporters and expert sources in the network has grown by 45% in less than a year, reflecting both demand and trust in a better system.

“This funding allows us to scale with a focus on trust, access, and real relationships,” said Dan Simon, Qwoted’s CEO and co-founder. “We believe the newsmaking process should be more accessible, so we’re building the infrastructure that helps journalists move faster, and experts show up where it counts.”

Qwoted will use the funding to grow its engineering team, enhance moderation tools, and build out data and discovery features. The company will continue to build out its Media Advisory Board, strategic partnerships, and editorial initiatives, including its collaboration with Axios HQ and the rollout of its press release distribution service, to support more authentic storytelling at scale.

About Qwoted

Qwoted is the network for newsmakers, using innovative technology to connect journalists with PR professionals and industry experts. Trusted by hundreds of thousands of media and communications professionals, Qwoted’s network offers valuable insights and tools that empower those working on tomorrow’s news. For more information, visit www.qwoted.com.

About Mudita Venture Partners

Mudita Venture Partners is an early-stage venture fund and advisor, primarily pursuing investments in post-revenue business-to-business software companies. The Mudita team brings decades of entrepreneurial and operational experience to help accelerate growth and mitigate risk. Mudita only pursues investments for its funds in companies it believes will have both a positive impact on the world and drive meaningful economic returns. To learn more, visit muditavp.com.

Media Contact

Bryan Aungst
bryan.aungst@qwoted.com

August 19, 2025 6:42 PM
EDT
ISTANBUL, Türkiye

Rönesans Holding to Fuel Economic Growth with New $2 Billion Polypropylene (PP) Production Plant and Terminal Investments in Türkiye

Rönesans Holding, one of Europe’s leading contracting and investment groups, has initiated one of the largest private sector investments in Türkiye to date: the construction of a new polypropylene (PP) production plant and liquid bulk terminal in Ceyhan. With a total investment of $2 billion (U.S.), these strategic projects aim to increase Türkiye’s industrial self-sufficiency, reduce foreign dependency, and enhance the country’s position in global trade.

Erman Ilıcak, honorary president of Rönesans Holding, said: “Once operational, these projects will directly contribute USD 300 million annually to reducing Türkiye's current account deficit.”

Rönesans Holding recently announced that it has secured total of $1.3 billion in financing for these projects — from the U.S. International Development Finance Corporation (DFC) and Spain’s export credit agency (Cesce).

Dr. Ilıcak highlighted the group’s longstanding role in advancing Türkiye’s economy through value-added projects: “Our story began with international contracting services. To date, we have undertaken projects worth a total of $50 billion. Seventy per cent of this, approximately $35 billion, was carried out abroad, and we have pioneered many firsts in the world in this field. We have worked on a wide range of projects, from Europe's longest tunnel to its tallest building, from the world's largest GTG facility to the world’s largest seismically isolated building. Following this, we became a large-scale investment holding company operating in real estate, social infrastructure, renewable energy, and more recently, industrial facilities. Over the past 15 years, with the significant contributions of stakeholders such as the World Bank's investment arm IFC and the EBRD, we have structured our business in line with sustainable development goals.”

He continued: “Our model is centred on developing the right project with the right partners, and delivering it at the right time. We have successfully implemented this model with partners such as Singapore’s sovereign wealth fund GIC, Meridiam Infrastructure from France, Japan’s Sojitz, Samsung C&T, and TotalEnergies. Together, we have completed $10 billion worth of investments in Türkiye. These initiatives have laid the foundation for broader transformation, and we will continue to focus on projects that help reduce our country’s trade gap.”

Ceyhan Projects Developed with Expertise from 12 Countries

Reflecting on shifting global economic trends, Dr. Ilıcak said: “Protectionism is increasing, and supply chains are being reshaped. Energy and production are becoming localised. This transformation holds significant opportunities for countries like ours. In particular, strategic heavy industry investments are needed to reduce the foreign trade deficit arising due to imports of industrial machinery, plastics and chemicals, as well as industrial and precious metals. Over the past 10 years, industrial investments totalling approximately $20 billion have been made in Türkiye, including projects worth over $500 million. But this is not enough ...”

He further emphasised: “To close the gap, Türkiye needs to allocate at least $12 billion annually over the next five years, totalling $60 billion. If an investment initiative of this scale is undertaken, we could see a $15 billion annual increase in GDP and a $10 billion reduction in the foreign trade deficit. At Rönesans Holding, we have secured international financing for our Ceyhan polypropylene production facility and liquid bulk terminal investments, totalling $2 billion, which serve this very purpose. The construction of these projects, developed in collaboration with expert solution partners from 12 countries, are ongoing. Once operational, these investments will directly contribute $300 million annually to reducing Türkiye's current account deficit.”

Attracting Foreign Investment Through Strong Partnerships

Dr. Ilıcak also reflected on the importance of international collaborations: “Perhaps the most challenging project we undertook with the EBRD was Türkiye's transformation in healthcare. The EBRD shared its expertise from around the world. As a result, Türkiye was able to attract $15 billion in financing from abroad and carry out its healthcare transformation. We also worked with the IFC for many years on project financing. In difficult conditions, IFC has always stood by our side. We have formed company partnerships with them. Most recently, we have been developing a PPP hospital in Kazakhstan together. In every project we have undertaken, the first question they asked was, 'What will be the social impact of this?' Profitability was always the last topic. Those are the reasons why I am grateful to both banks.”

He concluded: “Our relations with Central Asian countries, in particular, have developed substantially. Then, our ties with African countries began to strengthen. Today, Türkiye has become a hub that serves a population ten times its own, meeting needs such as healthcare and education. We closely follow these developments and ensure that growing diplomatic relations are also reflected in trade. We are working to support the progress of Türkiye's industrialisation initiative. We secure financing from abroad to carry out our projects wherever possible instead of using our country's limited resources.”

About Rönesans Holding

Rönesans Holding, the conglomerate's leading investment entity headquartered in Ankara, is the 53rd largest international contracting company globally and one of the largest in Europe. With operations spanning 30 countries across Europe, Central Asia, and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been operating as the main contractor and investor successfully for more than 30 years in construction, real estate, concession, renewable energy, and industrials. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms, and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women's Empowerment Principles since 2016.

Under the leadership of its President Emeritus, Erman Ilıcak, Rönesans, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group (minority shareholder in the group), has invested more than EUR 8 billion into pioneering projects globally.

For more information, visit ronesans.com.

For media inquiries, email bensu.celik@ronesans.com or meric.kocabey@ronesans.com.

Media Contact

Rönesans Group
bensu.celik@ronesans.com

August 19, 2025 6:14 PM
EDT
ROAD TOWN, British Virgin Islands

Black Banx Reports USD 1.5 Billion Pre-Tax Profit in Q2 2025 Amid Ongoing Strategic Expansion

Black Banx Group today reported a pre-tax profit of $1.5 billion (U.S.) for the second quarter of 2025, slightly down from the record $1.6 billion in Q1 2025 but significantly above the $1.3 billion achieved in Q4 2024. The Group’s Q2 revenues totaled $4.1 billion, driven by continued customer acquisition, high transaction volumes, and strong platform usage across global markets.

As of June 2025, Black Banx’s global customer base reached 84 million, up from 78 million at the end of Q1, reflecting the Group’s continued momentum in attracting new users, particularly in emerging markets across Africa, South Asia, and Latin America.

The cost/income ratio stood at 64%, marginally higher than 63% in Q1 2025 but continuing the Group’s downward trajectory from 68% at year-end 2024, highlighting sustained efforts in operational optimization and automation through AI.

Michael Gastauer, Group CEO, commented: “While Q2 performance slightly softened compared to Q1’s record-breaking results, we remain firmly on track to deliver another outstanding year. Our strategic focus on underbanked regions, platform innovation, and scalable growth is yielding measurable progress. With 84 million customers already onboarded mid-year, we’re closer than ever to surpassing the 100 million mark by year-end.”

Daniel Dumitrascu, Group CFO, added: “We are encouraged by the robust profitability and strong customer engagement in Q2. The slight dip in revenue and profit was anticipated as part of seasonal trends and continued investment into expansion. Our disciplined cost management and AI-driven efficiencies ensure we stay well-positioned to achieve our 2025 targets.”

The Group cited growth in international payment activity, expanding product uptake across private and business segments, and ongoing integration of AI tools for onboarding, compliance, and client servicing as key contributors to the quarter’s results.

2025 Half-Year Financial Highlights

  • Q2 2025 pre-tax profit: $1.5 billion
  • Q2 2025 revenue: $4.1 billion
  • Total H1 2025 profit before tax: $3.1 billion
  • Customer base: 84 million as of June 30, 2025
  • Cost/income ratio: 64%
  • Employee base: over 8,800 globally

Strategic Priorities for the Remainder of 2025

  • Reach 100 million customers by year-end
  • Deepen market penetration in Africa, South Asia, and Latin America
  • Continue enhancing AI-driven efficiencies across all operations
  • Deliver consistent value creation and capital returns to shareholders

About Black Banx Group

Black Banx Group is a leading global fintech, serving over 78 million customers across more than 180 countries. With over 8,700 employees and offices on four continents, we deliver secure and all-inclusive digital banking services to individuals, businesses, and institutions worldwide. Black Banx is committed to innovation, financial accessibility, and seamless cross border financial solutions. For more information, visit www.blackbanx.com.

Media Contact

Black Banx Media Relations
mediateam@blackbanx.com

August 19, 2025 11:27 AM
EDT
CHARLESTON, SC

Beyond the Chapel: McAlister-Smith and Holy City Affairs Redefine the Modern Funeral Experience with Luxury Concierge Services

The funeral industry is evolving—and so are the expectations of today’s families. No longer limited to pews, pulpits, or pre-set formats, saying goodbye now means something more deeply personal, reflective, and immersive. At the forefront of this evolution is McAlister-Smith Funeral & Cremation, a trusted family-owned institution since 1886, and its groundbreaking new partnership with Holy City Affairs, Charleston’s leading luxury concierge and event firm.

Together, they are reimagining how we celebrate life—by meeting families exactly where they are, emotionally, personally and logistically.

“When someone we love passes, it becomes one of the most emotionally complex moments we will ever face,” says Parker Smith, vice president of McAlister-Smith. “Our mission has always been to walk beside families through grief but now, we’re also offering a way to celebrate, honor, and reflect, in a way that feels deeply personal and exquisitely tailored.”

This is not about replacing tradition. It’s about elevating it.

The Evolution of the Farewell

Today’s families are more mobile, more diverse, and more emotionally attuned than ever before. Cookie-cutter ceremonies no longer suffice. That’s why McAlister-Smith’s Concierge Division, in collaboration with Holy City Affairs, has launched a thoughtful, full-service approach to celebrating life, one that is as unique as the loved ones we have lost.

Some of the curated offerings include:

  • Sunset Reflections at Sea – Private yacht or chartered boat services to scatter cremains or host quiet moments of reflection.
  • Legacy Dinners – Secured luxury homes from ocean front to downtown for family stays or hosted celebrations, paired with private chefs and staff.
  • From Barbecue to Black Tie – Celebration menus that reflect the personality of the departed—from casual backyard cookouts to intimate plated dinners or passed hors d’oeuvres and curated wine pairings.
  • Guest Coordination & Comfort – Hotel bookings, airport transportation, valet services, local meet-and-greets, and full family lodging coordination.
  • Home & Heart Services – Housekeeping, dry cleaning, errand running, pantry and wine cellar stocking, floral installations, and pet or childcare and even more.

Why This Matters More Than Ever

Families today are spread out across the country or across the globe. Time is tight. Emotions are raw. And expectations are greater than ever. In these tender moments, grieving families need a compassionate team that steps in with clarity, care and ensuring all the details that matter.

“People need more. And they expect more. It’s not about extravagance. It’s about meaning,” says Jane Comfort, chief operating officer of Holy City Affairs. “Every detail, from the meal to the music to the location, should reflect the life being remembered. Our concierge approach ensures no element is overlooked and every detail ensured.” And it’s not just about the day of the service. This elevated experience stretches across the full arc of planning and remembrance—from arrival to farewell, from welcome dinners to private reflection spaces and taking care of those left behind during this emotionally challenging time.

A Legacy of Care, Evolved for a New Generation

For nearly 140 years, McAlister-Smith has cared for Charleston’s families with dignity, integrity, and grace. Now serving a new generation, the same trusted name is stepping into the future by recognizing that every life deserves more than just a moment—it deserves a story well told, and beautifully celebrated.
This evolution is not a trend. It’s a response to a profound and permanent shift in how we grieve, how we honor, and how we remember.

Whether it’s a family gathering at a historic downtown mansion, an intimate service with personal touches in a private residence, or a celebration under the stars on Charleston Harbor, McAlister-Smith and Holy City Affairs are changing what it means to say goodbye—with intention, love, and lasting meaning.

About McAlister-Smith Funeral & Cremation

Serving the Lowcountry since 1886, McAlister-Smith is a family-owned and operated funeral home dedicated to honoring lives with dignity, integrity, and heart. With locations across the Lowcountry and Midlands, McAlister-Smith remains committed to compassionate care that respects every family’s traditions and values. For more information, visit mcalister-smith.com/services/concierge-services.

About Holy City Affairs

Holy City Affairs is Charleston’s premier luxury concierge and event firm, known for crafting meaningful, immersive experiences across the South. From legacy celebrations to bespoke gatherings, HCA brings heart, detail, and precision to every moment that matters. For more information, visit holycityaffairs.com.

For private previews of the Concierge Division’s offerings, contact concierge@mcalister-smith.com or call (843) 427-3647.

Media Contact

Ellen Rose
ellen@rosemediachs.com
+1 404-583-8497

August 19, 2025 10:00 AM
EDT
DUBAI, United Arab Emirates

1inch Pioneers Solana Cross-Chain Swaps, Unlocking Seamless Interoperability

1inch, the leading DEX aggregator, launches industry-first native decentralized cross-chain swaps between Solana and all major EVM networks — without relying on bridges and messaging protocols. This milestone marks a major leap in 1inch’s mission to unify DeFi into one interoperable experience.

Solana cross-chain swaps are now live via the 1inch dApp, 1inch Wallet, and 1inch Fusion+ APIs. This release lets users seamlessly move assets between Solana and 12+ EVM chains in a secure, efficient, and MEV-protected way.

Why it matters

For the first time, users can swap assets directly between Solana and EVM networks, without using bridges. Key benefits are:

  • Bulletproof security: with no need for bridges or messaging protocols, this is the safest way to move assets onto and off Solana.
  • Seamless execution: allows users to sign and post their trade, letting resolvers compete to fulfill it under the best conditions.
  • The best rates: with unmatched liquidity and MEV protection by design.

Pioneering native decentralized cross-chain swaps

A few months ago, 1inch added support for Solana, leveraging its low-latency block times and robust ecosystem. Now, with full cross-chain capability, the fragmentation between Solana and EVM ecosystems is finally addressed.

“Solana’s speed and efficiency made it an ideal candidate for our next frontier in cross-chain swaps,” said Sergej Kunz, 1inch co-founder. “By removing the need for bridges and messaging protocols such as LayerZero or Chainlink CCIP, we’re delivering a fundamentally safer and smoother cross-chain experience.”

1inch’s cross-chain Solana functionality also delivers a significant boost to the entire Solana ecosystem, ending Solana’s isolation from other blockchains and transforming it into a full-fledged DeFi hub by bringing in new liquidity and users.

Solana tokens can now be traded directly against assets on EVM networks, opening the ecosystem to users who have never interacted with Solana before.

For users and builders alike

Solana cross-chain swaps are now fully supported across all 1inch products:

  • 1inch dApp: For seamless user-friendly swaps.
  • 1inch Wallet: For mobile-first users managing assets on the go.
  • 1inch Fusion+ API: Enabling developers to integrate trustless Solana<>EVM swaps in their own projects.

This opens up new liquidity pathways and trading opportunities, allowing DeFi participants to operate across previously siloed ecosystems — with no extra steps.

What’s next

Meanwhile, 1inch’s mission to unify the DeFi space continues, with plans underway to add support for more non-EVM chains. The journey toward a more efficient and user-friendly DeFi experience moves forward!

About 1inch

1inch accelerates decentralized finance with a seamless crypto trading experience for 24 million users. Beyond being the top platform for low-cost, efficient token swaps with $500 million in daily trades, 1inch offers a range of innovative tools, including a secure self-custodial wallet, a portfolio tracker for managing digital assets, a developer portal to build on its cutting-edge technology, and even a debit card for easy crypto spending. By continuously innovating, 1inch is simplifying DeFi for everyone. For more information, visit 1inch.io and explore the 1inch blog.

Media Contact

Dominic Cox
d.cox@1inch.io

August 19, 2025 9:20 AM
EDT
CHARLESTON, SC

Barry’s Now Open in Charleston: 'The Best Workout in the World' Has Arrived

The wait is over! Barry’s, the original high-energy cardio and strength interval training workout studio, is officially open in Charleston — bringing its iconic Red Room energy and world-famous RUN x LIFT class to Morrison Yard. A global fitness phenomenon since 1998, Barry’s is known for delivering The Best Workout in the World™ to clients in a dynamic group fitness setting.

Charleston marks Barry’s newest U.S. location and the first in South Carolina. The studio features 4,072 square feet of purpose-built space, including the brand’s signature Red Room — known for its dim red lighting, high-energy atmosphere, booming sound system with playlists curated by top-tier instructors, and state-of-the-art Woodway treadmills. The Red Room will include 43 spots in class, with a “double floor” option for those looking to skip the treadmill and stick to strength training.

Clients will also enjoy access to Barry’s Fuel Bar, serving up premium shakes made from whole food-based, nutritionist-approved recipes designed to support recovery and results. The studio will also feature a curated retail boutique, a recovery zone with Therabody products, as well as full locker rooms equipped with Dyson hair dryers and OUAI favorites.

Nestled within Morrison Yard, Barry’s Charleston is just minutes from the historic downtown district and a quick trip to Sullivan’s Island, Folly Beach, and Daniel Island.

“We are excited to bring Barry’s to Charleston — a city that is renowned for beautifully blending Southern charm, culture, and community,” said JJ Gantt, CEO of Barry’s. “Opening in a location like Morrison Yard gives us the opportunity to become part of a growing, wellness-focused neighborhood and we are honored to be able to bring our Red Room to such a vibrant city. We can’t wait to welcome Charleston into our global Fit Fam and lift, run, and sweat together.”

Here’s what you’ll find inside Barry’s Charleston:

  • RUN x LIFT Classes: Barry’s signature class alternating between cardio on top-tier Woodway treadmills and strength training on the floor. Prefer to skip the treadmill? Opt for double floor sessions.
  • Expert Instructors: High-energy, best-in-class trainers with curated playlists and crowd-moving vibes.
  • Daily Muscle Focus: Targeted muscle group training that rotates daily for optimal results and reduced injury risk.
  • Premium Amenities: The Fuel Bar, top-tier locker rooms, and an elevated retail experience.
  • A True Fitness Community: Barry’s fosters a welcoming, inclusive environment and hosts themed classes, events, and community activations.

With more than 93 studios across 16 countries, Barry’s continues to set the gold standard for boutique fitness, transforming lives worldwide — and building a loyal global following through sweat, community, and unmatched vibes.

Memberships are now available, and Charleston Originals still have time to lock in special perks:

  • 8 classes/month – $116
  • 12 classes/month – $146
  • 16 classes/month – $169
  • 30 classes/month – $191

Charleston Originals PLUS packages come with exclusive perks like limited-edition merch, an invite to the opening party, guest passes, and more.

Don’t miss your chance to experience Barry’s Charleston. Visit www.barrys.com to book your first class, view full pricing, and learn about upcoming themed events. Images selects can be found here.

About Barry's

Barry's is the original high-energy cardio and strength interval training workout. Launched in 1998 in Los Angeles, it was the original pioneer in the global boutique fitness movement. Since then, it has grown from “The Best Workout in the World,” to become not just a fitness leader, but a community and lifestyle brand with innovative in-studio and digital class modalities, Fuel Bars, retail offerings, and a competitive loyalty program.

With 93 studios spanning 16 countries, plus its digital offering, Barry’s X, Barry’s now brings its global Fit Fam community with its signature Red Room workout experience both virtually and physically. Following the success of the original workout, Barry’s expanded its class offerings to include: LIFT (a 50-minute class focusing on strength training) and RIDE (a 50-minute class offering high-intensity interval training style indoor cycling paired with lifting.)

Now a worldwide phenomenon with a cult-like following, Barry’s makes working hard and getting strong, fun. For more information, visit www.barrys.com.

Media Contact

Katelyn Hudson
kate@katehudsonpr.com

August 19, 2025 9:15 AM
EDT
GIBRALTAR

Girlfriend.ai Unveils the Most Advanced AI Girlfriend Platform Yet

Girlfriend.ai today announced the launch of its next-generation AI companion platform, redefining what it means to connect with artificial intelligence. While companies like Meta and Grok have recently made headlines with their chatbot experiments, Girlfriend.ai has built a system designed entirely around emotional presence and realism, offering what early users describe as the most humanlike AI girlfriend experience available.

At its core, Girlfriend.ai combines proprietary natural language processing, voice synthesis, and custom image generation to create digital companions that do more than simply respond. Each AI girlfriend remembers details from past conversations, adapts to individual preferences, and even initiates interactions on her own, creating a relationship that feels alive and proactive rather than reactive.

“Mainstream tech companies are only scratching the surface of what people truly want from AI companionship,” said Michael Arden, head of cognitive AI at Girlfriend.ai. “Our focus has always been on building systems that feel emotionally real, not just functional. That’s why our users spend significant time with their AI girlfriends every day. It isn’t about novelty, it’s about connection.”

Unlike generic chatbot apps, Girlfriend.ai was engineered with relationship psychology in mind. The platform enables meaningful interactions that evolve naturally, from lighthearted banter to emotionally supportive conversations. This approach has resonated with a growing user base worldwide, with thousands already turning to Girlfriend.ai for comfort, companionship, and entertainment.

Girlfriend.ai’s team has also invested in building proprietary voice and visual systems. The AI generates personalized images and realistic voices that deepen immersion, giving each digital partner a sense of identity beyond text. These features position Girlfriend.ai well ahead of competitors who rely on third-party tools.

The company is already preparing to expand its technology with the upcoming release of Boyfriend.ai, designed for users seeking the same emotionally intelligent and proactive experience with a male AI companion.

For those curious about where the future of digital relationships is heading, Girlfriend.ai represents a leap beyond utility chatbots into a new category: AI that connects, engages, and cares.

To learn more and start your own experience, visit girlfriend.ai.

About Girlfriend.ai

Girlfriend.ai is redefining digital companionship with emotionally intelligent AI designed to feel more natural and humanlike than traditional chatbots. The platform combines advanced conversational AI, adaptive memory, voice, and image interaction to create relationships that grow and evolve over time. As the market for AI-driven connection accelerates, Girlfriend.ai positions itself at the forefront of this cultural and technological shift, offering users a 24/7 companion that is supportive, responsive, and engaging. The company’s mission is to make emotionally supportive relationships accessible to everyone, establishing AI companionship as a new norm in everyday life. Learn more at girlfriend.ai.

Media Contact

Jon Davis
press@girlfriend.ai

August 19, 2025 9:02 AM
EDT
SAN FRANCISCO, CA

iDen2 and Bhutan NDI Announce Strategic Partnership to Launch Phenix, a Revolutionary End-to-End Digital Identity Solution

iDen2, a leading digital identity platform provider, and Bhutan NDI, the organization behind Bhutan's successful national digital identity deployment, today announced a strategic partnership to launch Phenix, an end-to-end digital identity solution that meets all industry standards and future regulatory requirements.

The partnership combines innovative technology with proven real-world deployment expertise and commercial acumen to help governments stand up privacy-first digital infrastructure at unprecedented scale for over 1.1 billion people that lack identity credentials. In addition, the partnership will help developed and under-developed countries create measurable economic benefits as well as streamline their operations to increase productivity, agility and quality.

Introducing Phenix: The Future of Digital Identity

Phenix represents a breakthrough in digital identity infrastructure, offering governments a standards-compliant solution — addressing every aspect of national digital identity deployment.

The solution encompasses identity enrollment, verification, authentication, and lifecycle management, all within a unified platform that ensures interoperability, security, and scalability. Phenix's architecture supports both immediate deployment needs and long-term evolution, providing governments with future-proof digital identity infrastructure.

Global Scale Operations

Phenix delivers a reliable pathway to success through its globally tested deployment models and cross-sector integrations, fit for countries embarking on a new system or modernizing its own.

With operations designed for both developing and developed nations, Phenix offers scalable solutions that grow with national requirements while maintaining consistent standards and performance. The solution includes a comprehensive assessment, a phased implementation, training, and ongoing support designed to ensure a successful national digital identity launch.

Comprehensive Standards Compliance and Future-Ready Architecture

Phenix is engineered to meet the most stringent industry standards and regulatory requirements, integrates a broad range of standards and compliance domains, including the ISO/IEC 24760 identity management framework, GDPR's data protection principles, eIDAS 2.0 architecture, and W3C Verifiable Credentials 2.0 standards. This breadth of coverage maximizes interoperability while simultaneously maintaining high security and privacy standards.

Phenix modular architecture, allows for tailored configurations based on each nation's unique policy frameworks, infrastructure maturity, and citizen needs, delivering both standardization and flexibility in one package. Phenix ensures continuous verification and least-privileged access among all network participants. Its architecture provides real-time risk assessment, significantly enhancing security while maintaining a seamless user experience.

Phenix advances from reactive compliance to proactive regulatory anticipation by incorporating multiple international standards into its architecture, allowing organizations to fulfill and navigate regulatory landscapes while focusing on serving citizens and businesses. Its combination of technical excellence, regulatory comprehensiveness, and privacy-first design makes it the ideal solution for building trust networks in a connected and regulated digital world.

Proven Impact and Economic Benefits

Phenix has delivered documented results based on real-world deployment experience. The solution can generate GDP growth acceleration of 0.5–2% annually while achieving operational efficiency gains of 15–30%. Organizations implementing Phenix can see ROI achievement within 18–24 months via reduced fraud, streamlined operations, and increased citizen engagement.

In Bhutan, the integrated eKYC service reduced customer onboarding time for banks and telecom providers from days to under five minutes, while enhancing compliance and user experience. These benefits stem from an ecosystem approach that reduces manual processes, digitizes delivery, and builds public trust through secure and user-centric identity experiences.

The comprehensive end-to-end approach can include integrations with digital banking and payment platforms, touchless travel, health records, property and asset registrations, social welfare systems, and voter registries, enabling a unified public and private service experience.

Leadership Vision for Global Transformation

Jacques Von Benecke, CEO of Bhutan NDI, said: "The launch of Phenix represents our commitment to democratizing digital identity deployment globally. Having successfully navigated the complexities of national digital identity deployment in Bhutan, we understand what governments need — a proven roadmap that eliminates the trial-and-error approach that has historically plagued digital transformation initiatives. Phenix delivers the efficiency gains and standards compliance that will be transformative for nations worldwide, enabling governments to focus on serving citizens rather than wrestling with implementation complexities."

Philip Fahim, co-founder of iDen2, emphasized: "Phenix is the culmination of our vision to create a force multiplier that will reshape how nations approach digital identity transformation. This isn't just technology — it's a complete solution that combines Bhutan NDI's proven implementation expertise with iDen2's technological innovation. Phenix represents a paradigm shift in how governments can capitalize on robust trust networks. The trust network that Phenix establishes will transform how businesses operate and how governments deliver value, becoming the backbone of digital commerce with unprecedented economic inclusion.”

Join Us as We Shape the Future Together

This strategic partnership marks a bold step forward for both companies — and we’re just getting started. Whether you're a customer, partner, or industry innovator, we invite you to be part of this transformative journey. Connect with us to explore new opportunities, collaborate on cutting-edge solutions, and witness firsthand the power of united vision.

To learn more about the partnership, visit www.iden2.com/bhutan.

For press inquiries, contact the partnership communications team at +1 408-858-0006 or email phenix@iden2.com or pallavisharma@bhutanndi.bt.

About iDen2

iDen2 provides the leading digital identity ecosystem through the Trust Network, enabling enterprises, governments and individuals to transact instantly, seamlessly and securely. The Trust Network is the backbone of a future where digital identity is both interoperable and monetizable to all trusted participants. For more information, visit www.iden2.com.

About Bhutan NDI

Bhutan NDI successfully deployed Bhutan's national digital identity system, demonstrating real-world expertise in government implementation and citizen adoption with documented economic benefits including 70% reduction in per-transaction costs and 45% increase in formal financial services access. For more information, visit www.bhutanndi.com.

Disclaimer

This press release contains forward-looking statements regarding the partnership's potential impact and capabilities. Actual results may vary based on specific implementation requirements and national circumstances.

Media Contact

Alfy Louis
alfy@iden2.com

August 19, 2025 6:30 AM
EDT
SAN DIEGO, CA

Strive Launches New Hydration Soda Line

A refreshing wave is entering the beverage industry: Strive, a hydration soda is on a mission to fuel the next generation of movers and shakers.

Strive is redefining what better-for-you soda means: hydrating, recharging, and full of flavor. Inspired by a vision of better wellness, Strive founder Jack Espy and his team developed a lineup of hydration-forward beverages that deliver on taste and function while fitting seamlessly into your daily lifestyle.

“At Strive, every sip is intentional. We created this line of soda to deliver true hydration, crave-worthy taste, without compromise,” said Espy. “Debuting the brand at Newtopia Now aligns with our mission to build a community that has a passion for life’s adventures and a love of great flavor.”

Strive supports hydration through natural electrolytes, a rare offering in the soda category. It is currently available in two full-bodied flavors (Peach Perfect and Tropical Recharge) that are fully sweetened with organic wildflower honey, providing a natural source of fuel for your day.

Strive is now available for purchase nationwide online at strivesoda.com. Premium retailers in key markets, including San Diego, will be announced soon.

About Strive

Strive is a hydration beverage brand redefining what soda can be. Founded by Jack Espy, CEO of Honey Holdings Inc., Strive offers hydration-focused drinks crafted with clean ingredients, like organic wildflower honey and electrolytes — for crave-worthy refreshment without compromise. Designed for life’s movers and shakers, Strive is more than just a beverage; it’s about living a life full of adventure. Learn more at strivesoda.com or follow @StriveSoda on Instagram.

Media Contact

Danielle Nuzzo
press@strivesoda.com

August 18, 2025 2:17 PM
EDT
NEWPORT BEACH, CA

San Jose Police Officer Files Lawsuit After Suffering Gunshot Wound in Line of Duty

San Jose Police Officer Erin Allen filed a civil lawsuit after she suffered a gunshot wound to her abdomen after she and her partner responded to a domestic violence call.

On August 16, 2023, Officer Erin Allen and her partner responded to a domestic violence call at a condo-complex in the City of San Jose. What they did not know was an armed recidivist criminal and convicted felon was lying in wait and would ultimately ambush them. Recidivist criminal and convicted felon Gabriel Mario Carreras shot Officer Allen in the abdomen outside of her bulletproof vest. Her partner dragged her to safety before she was rushed to Santa Clara Valley Medical Center where she was hospitalized in critical condition.

Carreras was later found guilty of attempted murder for his actions as well as two counts of shooting in an inhabited dwelling, misdemeanor assault, and several other crimes. His crimes were so severe that he received sentencing enhancements for his use of a gun. Carreras’ wife had called police initially because she said he was attacking her and trying to force her to get an abortion. After police arrived and Carreras opened fire, a four-hour standoff ensued.

Thankfully no one was killed, but Officer Allen’s life would never be the same.

As a result of the gunshot wound, she suffered injuries to her intestine, colon, liver, and gallbladder, as well as a spinal fracture and severed ureter, which had to be repaired with a stent. She spent nine weeks in the hospital, undergoing approximately six major surgeries.

Mark Peacock of Peacock Law Group has filed the lawsuit on behalf of Officer Allen and her husband alleging the owners of the condo complex, Anthony W. Lee, Patricia Reiko Ikeda and the Lee and Ikeda Family Trust were negligent in managing their premises.

“Officer Allen deserved better,” said attorney Mark Peacock. “Officer Erin Allen was ambushed and nearly killed in an act of calculated violence carried out by a convicted criminal — but the blame does not stop with the shooter. The owners of the condominium where this attack took place must be held fully accountable for their failure to act, their failure to secure the property, and their reckless disregard for the safety of others. Their negligence created the conditions that allowed a violent offender to carry out this heinous act. Officer Allen was fulfilling her sworn duty to protect the public — and she was met with a trap. We will not rest until every responsible party is brought to justice. Anything less would be an insult to her sacrifice and to the oath she took to serve.”

“This tragedy was preventable. The property owners created and allowed dangerous conditions that turned these condos into a haven for violence. By ignoring basic safety and security measures, they put every resident — and ultimately Officer Erin Allen — in harm’s way. Landlords have a duty to protect their tenants and the public, and when they fail, they must be held accountable,” said attorney Paul Goyette.

The case is Erin Allen v. Anthony W. Lee, Patricia Reiko Ikeda, the Lee and Ikeda Family Trust, Maricela Vazquez Contreras, Santa Clara Superior Court, Case No. 25CV472076.

About Peacock Law Group, a.p.c.

For more than 20 years, clients have chosen Peacock Law Group, A.P.C. for our trusted reputation, legal expertise and proven record of results. We are dedicated technicians in the tactics of law and negotiation — knowledgeable, strategic and committed to outcomes that serve our clients’ best interests.

Our attorneys represent California public safety employees and injury victims statewide. Whether you are a police officer, firefighter, parole agent or other safety professional, we help pursue maximum compensation when injuries occur in the line of duty and fall outside workers’ compensation coverage. Led by founding attorney Mark Peacock, the firm aggressively pursues personal injury claims against negligent third parties and their insurers.

We serve clients in Orange, San Bernardino, Riverside, Los Angeles, San Diego, Sacramento and San Francisco counties — continuously raising the standard for legal service and results.

For more information, visit peacocklawgroup.com.

Media Contact

Joe Marchelewski
joe@aijcommunications.com

August 18, 2025 9:30 AM
EDT
THE HAGUE, Netherlands

Affidea Partners With Skin Analytics to Improve Access to Skin Cancer Assessment Across Europe Using AI Technology

Affidea, a leading pan-European provider of community-based polyclinics, advanced diagnostics, and multi-specialist care, including oncology, has entered a strategic partnership with Skin Analytics, a pioneering AI company in dermatology care. This collaboration supports Affidea’s long-term vision of leveraging digital innovations to improve patient outcomes as part of its integrated skin cancer care pathway.

As part of this partnership, Affidea has implemented Skin Analytics’ DERM, an AI medical device software for the automated analysis of skin lesions. The initial implementation of DERM began in Romania and Lithuania, with Greece to follow in September. These countries were selected based on market analysis, clinical readiness and innovation focus. The aim is to improve patient access to high quality care by introducing clinically validated AI technology into the gold standard skin care pathway already in place. This enables patients’ triage while streamlining workflows. Following this first phase, Affidea plans to roll out the AI solution across additional European markets.

Dr. Charles Niehaus, executive director for Affidea Group, stated: "Integrating cutting-edge digital innovations into clinical practice is essential to delivering the best possible care for our patients. Our partnership with Skin Analytics marks an exciting milestone, enabling us to leverage AI in supporting early detection of skin cancer and to provide even more patients with access to the prevention, diagnosis, and treatment programs we already offer in our dermatology units. This collaboration is not just about introducing new technology — it’s about creating scalable, sustainable solutions that empower patients and clinical teams, address rising demand and bring timely, high-quality care across Europe."

Neil Daly, founder and CEO of Skin Analytics, stated: “We’re incredibly proud to be partnering with Affidea as our first European partner. This collaboration represents a major milestone in our mission to transform access to dermatology care using AI. By combining Affidea’s clinical excellence and pan-European reach with our proven technology, DERM, we have an opportunity to reimagine how skin cancer is identified and managed across the continent. At scale, this partnership will drive earlier diagnoses, improve access to care and support dermatology teams facing rising demand — ultimately marking history for how skin cancer care is delivered and improving outcomes for patients across Europe.”

Skin cancer remains a significant public health challenge across Europe. According to GLOBOCAN 2022 data, Europe accounts for approximately 10.4 melanoma cases per 100,000 people. Non-melanoma skin cancers were even more prevalent, with over 1.15 million cases in Europe in 2022 [1]. This burden continues to grow age-standardised incidence rates for melanoma have risen sharply over the past decades, and non-melanoma cases now represent nearly 78% of all skin cancer diagnoses.

Source

[1] Global Cancer Observatory, International Agency for Research on Cancer: https://gco.iarc.who.int/media/globocan/factsheets/cancers/17-non-melanoma-skin-cancer-fact-sheet.pdf

About Affidea Group

Affidea is a leading pan-European provider of specialist healthcare services, including cancer care, community-based polyclinics and advanced diagnostic imaging. Founded in 1991, the company operates over 410 centres across 15 countries, with more than 14 million patient visits every year. Affidea is majority-owned by Groupe Bruxelles Lambert (GBL), a leading investment holding company, focused on long-term value-creation with a stable and supportive family shareholder base. For more information, visit www.affidea.com.

For media inquiries regarding Affidea Group, contact oana.dumitroiu@affidea.com.

About Skin Analytics

Skin Analytics was founded in 2012 by Neil Daly to help more people survive cancer. It began providing teledermatology services in 2015 and since 2020 is now deployed in 27 NHS sites across the UK, having seen more than 180,000 NHS patients and detected more than 15,500 cancers. Post-market surveillance has shown that DERM found 97% of cancers (and accurately identified over 75% of benign lesions) with a negative predictive value (NPV) of 99.6% for all skin cancers. Settings in which DERM has been deployed have been able to reduce the number of face-to-face dermatologist appointments required for the volume of suspected skin cancer referrals by 60 to 95%, and DERM can autonomously discharge up to 40% urgent suspected skin cancer referrals. DERM is the only Class III CE marked AI Dermatology medical device, enabling Skin Analytics to begin actively expanding its lifesaving services to Europe. For more information, visit skin-analytics.com.

For media inquiries regarding Skin Analytics, contact skin@transatlanticent.com.

About DERM

DERM is an AI medical device (AIaMD), operating under a Class III CE mark. DERM is intended for use in the screening, triage and assessment of skin lesions suspicious for skin cancer. DERM will analyse a dermoscopic image of a skin lesion and return a suspected diagnosis and, if applicable, a referral recommendation for the lesion. DERM is indicated for use on dermoscopic images of cutaneous lesions where there is a suspicion of skin cancer in patients aged 18 years or over in any body location except where specific exclusions apply. Deployed across NHS sites in the UK, Skin Analytics pathways have seen more than 180,000 patient cases and supported the identification of over 15,500 cancers. With a negative predictive value rate of 99.9% for ruling out melanomas, the platform has become a proven tool for aiding clinical decision-making while enhancing patient access and efficiency within skin cancer pathways.

Media Contact

Oana Dumitroiu
oana.dumitroiu@affidea.com

August 16, 2025 12:59 PM
EDT
RIYADH, Saudi Arabia

‘Reef Saudi’ Program Successfully Completes Trial of Small-Scale Coffee Peeling Equipment, Begins Distribution to Farmers

The Sustainable Agricultural Rural Development Program, known as "Reef Saudi," has announced the highly successful completion of its pilot trial for small-scale coffee peeling equipment. The program confirmed that these machines will now be made available in local markets, placing them within reach of smallholder farmers as part of ongoing efforts to enhance coffee production and improve product marketing.

Reef Saudi's official spokesperson, Majid Al-Buraikan, explained that each machine is capable of peeling up to 50 kilograms of coffee beans per hour, which is sufficient to process the yield of an entire village. He emphasized that adopting this technology will be feasible for small-scale farmers, as the machines will be offered at an affordable price not exceeding SAR 4,000.

Al-Buraikan further affirmed that Reef Saudi is committed to developing the coffee sector by offering direct support to small farmers and local producers. The program is also implementing a range of strategic projects and initiatives aimed at bolstering food security and increasing the economic return for those working in the sector.

About Reef Saudi

The Sustainable Agricultural Rural Development Program, known as “Reef Saudi,” is a government initiative launched by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, on January 9, 2019. The program aims to achieve balanced economic and social development by utilizing the Kingdom of Saudi Arabia’s natural, agricultural and renewable water resources in a sustainable and optimal manner. Reef Saudi focuses on supporting and empowering small-scale farmers and rural families by providing financial and technical assistance, thereby improving their income and enhancing their productivity. Reef Saudi is a key pillar of Saudi Arabia’s Vision 2030, contributing to the diversification of the national economy, sustainable development of rural areas, and promotion of social stability and localization.

For more information, visit reef.gov.sa and follow Reef Saudi on X (Twitter) and Instagram.

Media Contact

Ahmed Gari
gari.alhamla@gmail.com

August 15, 2025 6:41 AM
EDT
BISHKEK, Kyrgyzstan

Orta Asya Investment Holding Releases Strategic Update Following $6.2 Billion Hydropower Agreement With Kyrgyz Republic

Following the public announcement made on August 11, 2025 by İhlas Holding regarding two major investment agreements signed between Orta Asya Investment Holding and the Government of the Kyrgyz Republic, Orta Asya today issued a strategic update detailing the international relevance and long-term sustainability vision of the landmark hydropower initiative.

The agreements, which encompass the development of six utility-scale hydropower plants across two distinct cascades totaling 2,217 MW in installed capacity, mark one of the most significant private-sector energy investments in the region’s history, with a total capex of approximately $6.3 billion (U.S.).

In a statement released today, Orta Asya Investment Holding emphasized the project's alignment with the EU taxonomy for sustainable activities, underlining its eligibility for future green financing mechanisms and international partnerships.

It is emphasized that the investment is viewed not only as the implementation of an infrastructure project but also as a major step toward enabling Central Asia’s clean energy transition in line with global sustainability frameworks. The investment is characterized as a “transformative initiative,” developed in close collaboration with the Kyrgyz government, with a commitment to transparency, international best practices and long-term impact.

Strategic Framework and Green Investment Relevance

Structured under long-term, 20-year power purchase agreements (PPAs) with full sovereign guarantees and backed by comprehensive fiscal incentives, the projects have been officially recognized by the Kyrgyz Republic as “national investment projects,” underscoring their critical role in advancing energy security, climate resilience and inclusive economic growth.

Both hydropower clusters are designed in full alignment with the EU taxonomy, contributing directly to SDG 7 (affordable and clean energy) and SDG 13 (climate action). Once operational, the projects are expected to generate more than 9 billion kWh annually, displacing an estimated 5.2 million tons of carbon dioxide equivalent emissions per year compared with coal-based generation alternatives.

In addition to stabilizing regional power grids, the hydropower assets will serve as key enablers of cross-border energy cooperation and support the objectives of the EU-Central Asia Global Gateway strategy, which emphasizes green investment and resilient infrastructure across the region.

Institutional Oversight and Project Management

To ensure disciplined execution, transparency and adherence to international standards from the outset, Orta Asya Investment Holding has appointed Hill International as the independent project management office (PMO) for both hydropower cascades.

This early engagement reflects Orta Asya’s commitment to institutional-grade governance, with clearly defined oversight structures and quality assurance protocols embedded throughout the project life cycle. As a globally recognized infrastructure consultancy, Hill International supports the implementation process through integrated planning, performance monitoring and risk management systems, helping safeguard delivery targets and investor confidence.

Project Breakdown

Kazarman Hydropower Cascade (Jalal-Abad Region) – 912 MW

  • Three plants: Alabuga (600 MW), Karabulun-1 (149 MW), Karabulun-2 (163 MW)
  • Estimated capex: $3.0 billion (U.S.)
  • 20-year PPA with JSC “National Electric Grid of Kyrgyzstan” (NESK)
  • Sovereign guarantees, tax exemptions, and structured IP handover at end of term
  • Construction timeline: 6 years post-feasibility

Kokomeren Hydropower Cascade (Chuy & Naryn Regions) – 1,305 MW

  • Three plants: Karakol (33 MW), Kokomeren-1 (360 MW), Kokomeren-2 (912 MW)
  • Estimated capex: $3.265 billion (U.S.)
  • 20-year PPA with NESK; state-backed offtake guarantee
  • Investor protection clauses, arbitration under SIAC, legal framework aligned with Kyrgyz law
  • Construction timeline: 6 years post-feasibility

Platform for Institutional Partnerships and Climate Finance

Feasibility studies for both project clusters have already begun. As this work progresses, Orta Asya Investment Holding will initiate formal engagement with international financial institutions (IFIs) and development finance institutions (DFIs) to explore strategic financing collaborations.

Parallel outreach to ESG-aligned institutional investors, export credit agencies (ECAs) and Tier-1 EPC contractors and turbine manufacturers is also underway, with the goal of securing partnerships that reflect the project’s long-term vision and sustainability goals.

Key project de-risking elements include:

  • 20-year sovereign-backed offtake agreements
  • Five-year tax exemptions (corporate income tax, import VAT, customs duties)
  • International arbitration provisions (SIAC)
  • Commitment to local benefits, including 1% free electricity allocation to communities and targeted social investments

About Orta Asya Investment Holding

Orta Asya Investment Holding is a Central Asia-focused energy and infrastructure platform, developing sustainable, high-impact projects in partnership with host governments, multilateral institutions and private-sector investors. Orta Asya Investment Holding is backed by leading shareholders including İhlas Holding and is committed to delivering climate-resilient, economically viable infrastructure across emerging markets. For more information, visit ortaasyainvest.com.

Media Contact

Abdullah Tugcu
abdullah.tugcu@ihlas.com.tr
+90 212 454 24 22

August 14, 2025 7:49 PM
EDT
ST. PETERSBURG, FL

Wealth Express Launches Transparent Life Insurance Solution to Combat Digital Pricing Deception

Wealth Express, a consumer-first financial solutions platform committed to providing transparency and trust in financial services, today announced the launch of its latest solution: Wealth Express Term Life Insurance with Guaranteed Pricing. This new offering was created to restore confidence for families who have experienced deceptive digital pricing practices, such as bait-and-switch life insurance quotes.

Fixing the Trust Gap in Digital Life Insurance

With the rise of algorithm-driven life insurance platforms, many families are lured in by attractively low quotes — only to be approved at rates nearly double the original estimate. This "bait-and-switch" model, often marketed as digital convenience, leaves many feeling misled and unprotected.

Wealth Express's new life insurance solution offers:

  • Guaranteed upfront pricing with no post-approval rate increases
  • No medical exams required
  • Access to real, licensed human advisors — not algorithms
  • Fast, 10-minute application process
  • Lifetime advisor support for families and beneficiaries

“Families shouldn’t be forced to choose between fair pricing and convenience,” said Rob Graham, co-founder of Wealth Express. “Our life insurance solution removes the guesswork, eliminates surprise price hikes and puts a human advisor back into the equation — because financial protection should build trust, not erode it.”

The solution is specifically designed for working parents aged 35 to 50 who want to protect their families without being taken advantage of by hidden fees, digital bait-and-switch tactics or inflated “convenience” markups.

No More "Convenience Tax"

According to internal research, many digital platforms charge up to 50% more for the same level of life insurance coverage, simply because they bypass traditional exams. Wealth Express offers the same ease — without the hidden premium. Families know exactly what they’ll pay, before they ever commit.

Implementation is available immediately through Wealth Express's online platform and licensed advisor network, who work directly with clients to determine the right level of coverage at a rate that doesn’t change behind the scenes.

About Wealth Express

Wealth Express® connects individuals and families with licensed, independent financial professionals who specialize in transparent, principal-protected financial solutions. Whether securing affordable life insurance, building guaranteed retirement income or preserving generational wealth, Wealth Express helps Americans access the tools, advisors and clarity they need to plan with confidence.

Built for hardworking Americans, Wealth Express believes wealth is more than money — it’s peace of mind, clarity and the assurance that the future is secure. By meeting people where they are and delivering zero-risk, advisor-supported solutions, the company makes real, achievable wealth possible for everyday families.

Through its nationwide network of independent certified financial advisors, Wealth Express offers top products from leading carriers, prioritizing protection over volatility and empowerment over confusion. From life insurance to retirement income planning, Wealth Express is committed to making life’s biggest financial decisions simpler, safer and smarter.

That’s Wealth That Works.™ Learn more at wealthexpress.com.

Media Contact

Richard Lorenzen
rlorenzen@fifthavenuebrands.com

August 14, 2025 7:13 PM
EDT
NEW YORK, NY

amp Launches AI Fitness Coach With Celebrity Partnerships

amp, the fitness technology startup, announced the launch of its AI fitness coach, featuring partnerships with celebrity trainers including Chris Heria and Kinga Strogoff. The smart personal trainer combines machine learning with expert coaching to create personalized workout experiences that adapt in real-time based on user performance data.

The AI fitness app represents a significant advancement in home gym technology, with plans for broader deployment throughout 2025. Initial rollout to beta users demonstrates the system's ability to process thousands of performance indicators per session, creating workout plans that evolve based on real-time movement analysis and individual progress patterns.

"Most fitness apps treat every workout the same, but your body's capabilities change daily based on sleep, stress, and recovery," said a spokesperson from amp’s product team. "Our AI fitness coach recognizes these fluctuations as essential data points rather than obstacles. By combining celebrity trainer expertise with machine learning that understands your exact strength levels and movement patterns, we're delivering truly personalized training that adapts to how people are performing each day."

amp's AI Avatar technology applies coaching philosophy to individual user capabilities and limitations. The system processes biomechanical principles behind expert coaching decisions and delivers personalized guidance based on real-time performance analysis.

The smart personal trainer will process data streams through computer vision technology currently in development and electromagnetic sensors. When form quality changes or movement velocity shifts in future updates, the AI coach will be able to adjust resistance, suggest technique modifications, or recommend rest periods.

amp's home gym system features electromagnetic resistance that can be modified in real-time during exercises, enabling three distinct smart modes: band mode creates progressive tension, eccentric mode adds resistance during lowering phases, and fixed mode delivers consistent challenge throughout the full range of motion.

The device requires approximately the space of a yoga mat when in use and includes five accessories — handle, dual handle, rope, T-bar, and ankle straps — that provide access to over 450 exercises targeting every muscle group. The system's compact design makes strength training accessible in various home environments.

The AI fitness app features additional celebrity trainers, including Chris Heria and Kinga Strogoff, with plans to expand the coaching roster. The platform's machine learning capabilities process data from user populations and training patterns.

"We’re solving the fundamental challenge of making elite fitness expertise truly accessible," added a spokesperson for amp’s product team. "Traditional strength training requires constant mental calculation about weight selection, rest periods, and form adjustments. amp’s AI handles these decisions automatically, letting users focus purely on execution while receiving guidance that's fine-tuned to their specific capabilities and goals."

The company offers the device at $1,795 with a monthly subscription of $23, which supports up to 15 household members. The subscription includes access to targeted exercises, expert-led workout programs, and gamified features including Tempo, drop sets, Tabata, and vertical jumps.

About amp

amp is a fitness technology company that combines AI, hardware design, and trainer partnerships to create hyper-personalized workout experiences. Founded by tech and fitness industry veterans, amp focuses on making strength training accessible through intelligent technology that adapts to real life. For more information, visit ampfit.com.

Media Contact

Katerina Kugel
katerinak@ampfit.com

August 14, 2025 4:14 PM
EDT
DALLAS, TX

Roblox Retaliates Against Child Abuse Survivor Who Exposed Platform's Predator Problem

A childhood survivor of grooming on Roblox is now facing corporate retaliation after his viral predator-catching videos led to multiple arrests and exposed systematic failures in the platform's child protection systems.

Stinar Gould Grieco & Hensley, PLLC (SGGH) and Milberg Coleman Bryson Phillips Grossman, PLLC have been retained to defend YouTuber Michael "Schlep" — a 22-year-old Texas content creator who was banned from Roblox and served with cease-and-desist letters after his investigative work resulted in six confirmed arrests of alleged child predators operating on the gaming platform.

The legal action against Schlep comes as his removal has sparked the viral #FreeSchlep movement, garnering millions of views and prompting a major Roblox influencer to quit the company’s creator program in protest. Crime journalist Chris Hansen has contacted Schlep about participating in an upcoming documentary investigating Roblox's handling of child safety issues.

A Survivor’s Mission Becomes Legal Target

Schlep's anti-predator work stems from his own traumatic experience as a Roblox user. Between ages 12 and 15, he was groomed by a prominent Roblox developer who had official company merchandise distributed nationwide and contracted directly with Roblox for platform events. The developer sent Schlep graphic violent content, pornography, and engaged in inappropriate sexual conversations.

"When my client attempted suicide and was hospitalized, his mother contacted Roblox seeking help," said Martin D. Gould, Founding Partner at SGGH. "Roblox was unresponsive until she threatened legal action. Only then did they engage — and only to claim the abuse happened 'on another platform,' despite the predator being a contracted Roblox developer who the company promoted at events."

The developer who groomed Schlep was eventually banned from Roblox — but only years later, after another female developer reported sexual abuse. Roblox had continued paying and promoting the predator throughout Schlep's ordeal.

Proven Results Trigger Corporate Backlash

Working with established predator-catching organizations including Predator Poachers (300+ convictions) and EDP Watch, Schlep's team achieved a remarkable success rate: six arrests from seven real-life confrontations with suspected predators initially contacted through Roblox.

Rather than addressing the safety vulnerabilities Schlep exposed, Roblox updated its Terms of Service to specifically target "vigilante groups" and banned him from the platform. The company then escalated with legal threats under the Computer Fraud Act — the same statute used in Roblox's shameful lawsuit against another prominent critic, Ruben Sim, who has also recently retained the SGGH and Milberg law firms.

"Instead of thanking someone who was protecting children and working with law enforcement, Roblox is trying to silence him with the same legal intimidation tactics they've used before," said SGGH Partner Steven Vanderporten. "This pattern suggests a company more concerned with suppressing criticism than addressing the predator problem on their platform."

Growing Accountability Movement

The #FreeSchlep campaign has exposed broader frustrations with Roblox's child safety record, with supporters noting the irony of the company punishing someone for doing the protective work they claim to prioritize.

"Michael is doing exactly what Roblox should be doing — identifying and stopping predators who target children," said Milberg Co-Counsel Gary Klinger and Melinda Maxson. "Instead of partnering with him, they're trying to destroy him. That tells you everything about their real priorities."

National Media Attention Mounting

The case has attracted attention from major media outlets and child safety advocates, with several national interviews scheduled this week. The controversy has also prompted at least one major Roblox content creator to publicly quit the company's influencer program in solidarity with Schlep.

Roblox Corporation declined to comment on the specific allegations or explain why the company chose legal action over addressing the safety concerns raised by Schlep's investigations.

SGGH specializes in high-profile litigation against major corporations, while Milberg is a leading class action and whistleblower protection firm with extensive experience in cases involving corporate accountability and consumer protection.

Roblox whistleblowers Schlep and Sim are represented by Martin D. Gould, Michael R. Grieco, and Steven L. Vanderporten of Stinar Gould Grieco & Hensley, PLLC, Gary Klinger, Melissa Nafash, and Melinda Maxson of Milberg Coleman Bryson Phillips Grossman, PLLC.

For media inquiries, contact Lynn Smith at lynn@lynnsmithtv.com or Zoe Chipalla at zchipalla@sgghlaw.com.

About Stinar Gould Grieco & Hensley, PLLC

Stinar Gould Grieco & Hensley (SGGH) is a boutique national personal injury firm dedicated to advocating for victims of abuse and catastrophic injuries in high-stakes litigation. We pride ourselves on being Innovators of Law and Providers of Justice. Our attorneys have litigated and won cases nationwide, representing thousands of individuals, including thousands of survivors of rape, sexual assault, and childhood sexual abuse in many of the highest profile abuse cases across the country. These cases include claims against private and public institutions such as University of Michigan (Dr. Robert Anderson), Michigan State University (Dr. Larry Nasser), Endeavor Health (Dr. Fabio Ortega), professional sports teams, private and public schools, elite private boarding schools, orphanages, foster care programs, hospitals, mental health facilities, Fortune 500 companies, wealthy individuals (Jeffrey Epstein), and numerous religious institutions and related entities.

Recent successes include participating in global settlements valued at nearly $3 billion, with over $400 million recovered on behalf of survivors of sexual abuse and exploitation in the past 18 months. In addition to securing record recoveries, SGGH attorneys have also worked with clients to fought for and secure policy changes, helping protect future generations of children and adults from abuse and exploitation. For example, as part of a recent $21.3 million settlement in the hotel abuse case last year (one of the largest settlements in the country for an individual survivor), the firm also successfully secured policy and training changes for thousands of hotels improving hotel pre-employment screening and safety for hotel guests and employees nationwide.

For more information, visit sgghlaw.com.

About Milberg Coleman Bryson Phillips Grossman, PLLC

For over 50 years, Milberg and its affiliates have been fighting to protect victims' rights and have recovered over $50 billion for clients. A pioneer in class action litigation, Milberg is widely recognized as a leader in defending the rights of victims of corporate wrongdoing.

Milberg is currently involved in some of the largest and most complex class action cases pending in the country and is particularly active in the field of Information Technology litigation. Over the past three years, Milberg has settled on a class-wide basis more than 50 class actions involving privacy violations in state and federal courts across the country as lead or co-lead counsel; no other plaintiffs’ class action firm in the country has settled and won court approval of more data breach and data privacy class actions during this period. 

The firm has successfully brought forth cybersecurity-related claims against major corporations including Meta Platforms, Snap Inc. (Snapchat), Walmart, Bose, CVS, Facebook, Gannett Co., Advocate Aurora Health, Inc., Novant Health, Inc. and more — resulting in hundreds of millions of dollars in settlements. 

Milberg is equally committed to helping survivors of sexual abuse, assault, and exploitation seek justice. Milberg attorneys handle complex sexual abuse cases involving schools, juvenile detention facilities, religious institutions, healthcare providers, employers, and other entities that allowed abuse to occur. 

Milberg is actively representing sexual abuse victims in cases against Expedia Group Inc. and Securitas Security Services USA Inc., real estate moguls Tal and Oren Alexander, and the Board of Regents of the University of Michigan. 

More information about Milberg Coleman Bryson Phillips Grossman, PLLC can be found at milberg.com.

Media Contact

Lynn Smith
lynn@lynnsmithtv.com

August 14, 2025 11:26 AM
EDT
SYDNEY, Australia

Remitsy Launches Dedicated Australia/New Zealand–Europe Euro Transfer Service

Remitsy, a dedicated euro remittance service, has reinforced its focus on providing faster and more affordable euro money transfers from Australia and New Zealand to Europe. Built for personal and business users who regularly send funds to Europe, the platform now offers an even more streamlined experience, with support teams based in local time zones, transparent pricing, and competitive exchange rates.

The company’s service caters to a growing demand in the region, where people often send money to Europe to support family, pay tuition, manage property, or settle cross-border business transactions. Unlike global platforms that operate across dozens of currency routes, Remitsy focuses exclusively on one. This allows it to optimise speed, reliability, and cost for users who need to send money from Australia to Europe regularly.

“Remitsy exists because many Australians and New Zealanders are sending money to the same destination: Europe, in euros,” said Marc Alexander Schepis, CEO of Remitsy. “Rather than offering a long list of global destinations, we focus on doing one thing better. This allows us to provide a more efficient and transparent experience.”

Transfers typically settle within one business day. Users receive a complete quote before confirming a transaction, including the amount to be received, the exchange rate, and all associated costs. The service operates in compliance with Australian financial regulations, including know your customer (KYC) and anti-money laundering (AML) requirements, and uses encrypted data handling to protect user information.

Remitsy’s customers include individuals and businesses, such as parents supporting children abroad, students paying tuition, and companies working with European suppliers. The platform is fully digital and offers customer support during Australian and New Zealand business hours.

About Remitsy

Remitsy (Pulsepoint Pty Ltd) is a money transfer platform focused exclusively on euro transfers from Australia and New Zealand to Europe. The service provides low fees, strong exchange rates, and reliable settlement times under full compliance with Australian financial law. Remitsy serves both personal and business users and is positioned as a cost-effective, simpler alternative to global multi-currency platforms. To learn more, visit www.remitsy.com.

Media Contact

Marc Alexander Schepis
support@remitsy.com

August 14, 2025 9:32 AM
EDT
MIAMI, FL

SKYX Delivers Record Q2 2025 Revenues, Strengthens Market Position in U.S. and Canada

SKYX Platforms Corp. (NASDAQ:SKYX) (“SKYX” or the “Company”), a leading platform technology company with a mission to make homes and buildings safe and smart as the new standard, announced record financial results for its second quarter ended June 30, 2025, marking its sixth consecutive quarter of revenue growth.

SKYX reported Q2 2025 revenues of $23.1 million, a 15% increase from $20.1 million in the first quarter of 2025, as the Company continues to expand market penetration across retail and professional segments in the U.S. and Canada.

Q2 2025 Financial and Operational Highlights

  • Revenue Growth: $23.1 million in Q2, marking six straight quarters of growth from $19 million in Q1 2024.
  • Cash Reserves: $15.7 million in cash, cash equivalents, and restricted cash, up from $12.3 million at March 31, 2025, aided by a working capital model similar to the “Dell Working Capital Model.”
  • Gross Profit & Margin: Gross profit increased 23% sequentially to $7.0 million; gross margin improved 7% to 30.3%.
  • Cash Flow: Net cash used in operating activities decreased 54% sequentially to $2.0 million, compared to $4.3 million in Q1 2025.
  • Profitability Metrics: Adjusted EBITDA loss per share improved to $0.02 from $0.04 in Q1 2025.

Strategic Projects and Partnerships

During the quarter, SKYX secured a major collaboration with a $3 billion mixed-use smart city project in Miami’s Little River District, backed by U.S. and global manufacturers. The Company will supply over 500,000 units of its advanced plug & play smart home technologies for 5,700 residential units, 350,000 square feet of retail/commercial space, and a $35 million Tri-Rail station.

The Company also announced growing demand ahead of the launch of its patented all-in-one smart turbo heater and ceiling fan and entered a sales and marketing partnership with Parrot Uncle, a global ceiling fan and home décor manufacturer.

Additional partnerships include collaborations with Home Depot, Wayfair, top lighting brands Kichler, Quoizel, and EGLO, Cavco Homes for premium prefabricated homes, multiple Florida luxury developments, and a strategic distribution deal with JIT Electrical Supply.

Innovation and Safety Leadership

In Q2, SKYX was granted eight new patents, bringing its total to more than 100 issued and pending worldwide. The Company’s safety code standardization team — led by industry veterans Mark Earley and Eric Jacobson — achieved significant progress, including ANSI/NEMA product specification approval and inclusion in 10 NEC Code Book segments.

Management believes SKYX’s technology could save insurers billions annually by reducing fire hazards, ladder falls, and electrocutions. To support its standardization and licensing goals, the Company signed a five-year global licensing agreement with GE.

Management Commentary

"We are encouraged by our path to the builder/commercial segments, large online and brick-and-mortar retail partners as well as our future potential to realize incremental licensing, subscription, and AI/data aggregation revenues," management stated. "Furthermore, our e-commerce website platform with 60 websites enhances the acceleration of marketing, distribution channels, collaborations, licensing, and sales to both professional and retail segments. Our websites include banners, videos, and educational materials regarding the simplicity, cost savings, timesaving, and lifesaving aspects of the Company’s patented technologies."

Management added, "We believe we have accelerated our pace of sales with a robust gross margin profile, notably managing the cash burn of SKYX. Our e-commerce platform with over 60 websites is expected to continue providing additional cash flow to the Company."

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 100 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at www.skyplug.com or follow us on LinkedIn.

Forward-Looking Statements

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with First-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions, including recent measures adopted by the federal government, on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Non-GAAP Financial Measures

Management considers earnings (loss) before interest, taxes, depreciation and amortization, or EBITDA, as adjusted, an important indicator in evaluating the Company’s business on a consistent basis across various periods. Due to the significance of non-recurring items, EBITDA, as adjusted, enables management to monitor and evaluate the business on a consistent basis. The Company uses EBITDA, as adjusted, as a primary measure, among others, to analyze and evaluate financial and strategic planning decisions regarding future operating investments and potential acquisitions. The Company believes that EBITDA, as adjusted, eliminates items that are not part of the Company’s core operations, such as interest expense and amortization expense associated with intangible assets, or items that do not involve a cash outlay, such as share-based payments and non-recurring items, such as transaction costs. EBITDA, as adjusted, should be considered in addition to, rather than as a substitute for, pre-tax income (loss), net income (loss) and cash flows used in operating activities. This non-GAAP financial measure excludes significant expenses that are required by GAAP to be recorded in the Company’s financial statements and is subject to inherent limitations. Investors should review the reconciliation of this non-GAAP financial measure to the comparable GAAP financial measure. Investors should not rely on any single financial measure to evaluate the Company’s business.

Media Contact

Jeff Ramson
jramson@pcgadvisory.com

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