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Minuteman Press Franchise in Cranberry Township, PA Moves to New Location

Minuteman Press International Inc

The Minuteman Press franchise in Cranberry Township has moved to a brand new facility located at 1185 Freedom Road, Cranberry Twp, PA 16066. Rich Coyner has owned the business for six years, while the shop itself has been operating for over 20 years. Rich shares, “Our original location was initially setup to accommodate offset presses and a backroom operation with little retail-facing space. We moved away from the offset press business five years ago and needed a fresh look that allows our customers to see how technology has changed the way we deliver printed services to them.” He continues, “We moved into a larger space that is wide open and enables our clients to see more of our operation and capabilities. Our digital presses are near the front of the store and clients can see how we move a job from print to completion. We also added a larger lobby area with display racks for logo apparel and a display case for our promotional products lines. Our lobby is also wide open and accessible for customers in accordance with ADA guidelines.” Growing the Business When asked how he’s grown Minuteman Press in Cranberry Township since purchasing the business six years ago, Rich highlights the following: “ Diversification / Expansion of Products – When I purchased the business, the focus was only on printing paper products. We have expanded into promotional products, logo apparel, EDDM and direct mail, wide format printing, and more. I eliminated our offset presses, purchased a Xante Envelope Press, added 2 new digital presses and upgraded all of our equipment by purchasing a new challenge cutter, Baumfolder Folding Machine and Graphic Whizard Perf & Scoring machine to ensure we could provide quality products in a timely manner. We also expanded our marketing efforts to pursue promotional products and apparel opportunities from our existing customer base. Acquisition – I acquired an independent print shop that was a few miles north of me and rolled his business into our existing operation. Networking – I am a Board Member on the largest Chamber of Commerce group in the Greater Pittsburgh area – The Pittsburgh North Regional Chamber – and I leverage these networking opportunities and relationships to market my business. Community Welcome Wagon – I’ve also partnered with the local Welcome Wagon business – North Pittsburgh Greeting Co. – who welcomes all new businesses to the area and provides them a list of local businesses and goodies to help them get their business off the ground. We offer 500 Free Business cards and 500 Envelopes as a way of welcoming them to the area and letting them know we can support their printing and marketing needs.” Rich adds, “We have a great team that enjoys meeting the needs of our customers. I know that if I continue to invest in good people, new technology and keep things moving forward, the customers will stay with us. At Minuteman Press, we continue to evolve and strive to get better at everything we do to make sure our customers are happy and satisfied with our work. If we can provide a solution, we do it! And if for some reason we can’t, we’ll point them in the right direction.” Career Change & Franchise Support Prior to buying the business, Rich shares, “I spent over 30 years in the transportation & logistics industry, 20-plus years working in Corporate America for three Fortune 500 companies and the last 12 years running a privately held third-party logistics organization. I knew how to run a company but was not sure what I wanted to do so I became involved in franchise consulting as a Certified Franchise Consultant. I came across Minuteman Press in Cranberry Twp and decided to purchase it. I knew how to run a company but knew nothing about the printing industry, so I did some research and worked with the local SBDC to better understand the industry and its future potential.” Over the past six years, Rich has continued to receive ongoing franchise support from Minuteman Press International. He explains, “Minuteman Press provides a great platform to run your business along with a diverse vendor base to meet just about any needs a customer may have. Their FLEX software is a great tool for managing day-to-day operations and my central facility work is about 35%-40% of my business because we have such great vendors in the Minuteman Press program. I can do more sales with less staff using the central facility model.” Advice for Others As for what advice he would give to other business owners, Rich says, “The best advice I can give is run your business – don’t let it run you. It’s important to not let the business run you as you need to let your employees run the day-to-day and you need to be thinking big picture. Know what you want to be today, tomorrow and the next day – the world does not stand still so if you slow down it will pass you by.” Rich adds, “Also, treat your employees well! Without your team, you cannot meet the challenges of being a successful business owner.” For more information on Minuteman Press in Cranberry Township, PA, visit their website: https://minuteman.com/us/locations/pa/cranberry-township/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

July 17, 2023 10:00 AM Eastern Daylight Time

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ToolsGroup Launches Dynamic Fulfillment for Real-Time Order Fulfillment Optimization

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, today announced the launch of Dynamic Fulfillment, a new addition to the JustEnough® retail planning and execution suite. This capability enhances a retailer’s OMS with optimized fulfillment plan throughout omnichannel and ship-from-store networks, reducing costs, improving profits, and ensuring more satisfied customers. “The Dynamic Fulfillment solution from ToolsGroup helps us use data to make smarter, faster decisions to create an even better experience for our customers,” said Paul Kisicki, VP of IT at Zumiez. “The fulfillment optimization logic helps us generate operational efficiencies like reducing split rates and shipping costs while better serving the needs of our customers.” Unlike traditional, rule-based approaches, Dynamic Fulfillment evaluates every fulfillment option and simultaneously optimizes based on costs, margins, resources, and customer SLAs. Dynamic Fulfillment leverages real-time inventory, demand, and operational signals captured by ToolsGroup’s unique dynamic data unification platform, which provides a digital supply chain twin for optimal sourcing decisions. By integrating Dynamic Fulfillment into their existing order management systems, retailers realize benefits immediately upon adoption. Core Benefits of Dynamic Fulfillment: · Reduce actual cost-to-serve by minimizing shipping and labor costs · Increase margins by avoiding forecasted markdowns in stores · Maximize profitability while meeting customer SLAs · Integrate seamlessly with any OMS through API-powered composable architecture · Power faster, more accurate decision making with real-time data on inventory · Customers report up to 5% reduction in shipping costs and up to 2% margin improvement "Omnichannel fulfillment introduces new complexity into sourcing decisions. The increased size of the fulfillment network – from a handful of centralized fulfillment centers to hundreds of stores – makes it difficult to evaluate every possible option at the time an order is placed," said Inna Kuznetsova, CEO of ToolsGroup. "Our Dynamic Fulfillment solution analyzes hundreds of thousands of fulfillment permutations in real-time and optimizes based on multiple variables, considerably reducing shipping costs and delivering significant margin improvements." Dynamic Fulfillment integrates with the rest of the ToolsGroup JustEnough® solution to deliver unparalleled value and results to retailers around the world. With over 400 customers located in 45 countries, ToolsGroup enables intelligent decision making at the speed of business that transforms retail merchandising and supply chain planning. Customers report a 5% improvement in revenue growth and up to 25% increase in planning efficiency, on top of double-digit reductions in lost sales. Built-in automation cuts the planning workload by up to 90% and helps companies reduce waste by 10-30%. For more information about Dynamic Fulfillment, read our blog on our new release and register for our upcoming webinar. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

July 13, 2023 10:30 AM Eastern Daylight Time

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Symbiome Partners with THG Ingenuity to Scale E-Commerce Offerings

Symbiome

Symbiome, a leading microbiome-nourishing skincare company, has announced a partnership with THG Ingenuity – an end-to-end direct-to-consumer (DTC) partner of choice for brands looking to connect with consumers through a multichannel commerce approach. The collaboration will focus on leveraging THG’s extensive reach to expand Symbiome’s offering globally. “Right now, nearly all our customers are in America. THG’s global footprint, and end-to-end platform, will allow us to seamlessly fulfill into Europe, the Middle East, and throughout the South-East Asian region,” said Adam Klausner, Symbiome’s Chief Operating Officer. According to Lane Barrocas, THG’s Vice President of eCommerce for North America, THG is experiencing a significant uptick of interest by consumers shopping for science-based skincare, particularly in the microbiome vertical. “Our partnership with Symbiome will allow them to quickly, efficiently and profitably grow and scale their DTC business, while helping to build brand awareness and creating a halo-effect, as they expand into other points of distribution within the market.” About Symbiome Symbiome is a San Francisco-based microbiome biotechnology company focusing on health and wellness. They are the developers of the Symbiome ® brand of BioIntact ® fermented skincare products that nourish and protect the skin and its microbiome, restoring what our skin has lost in the modern world. Symbiome has sponsored three international academic research expeditions deep into the Amazon rainforest, defining an evolutionary reference for the microbiome and transforming our understanding of the healthy human microbiome. Symbiome scientists have translated this groundbreaking research into a line of unique, proprietary skincare products formulated with naturally fermented, Amazonian botanicals. The brand's skincare lineup includes ten clean, organic, sustainable, and traceable products — each with less than eight ingredients. Learn more about Symbiome, and follow Symbiome on Instagram, LinkedIn and Facebook. About THG Ingenuity THG Ingenuity is a unified commerce platform with full stack technology, digital and operations omnichannel capabilities, parented by THG Holdings plc, a vertically integrated, digital-first consumer brands group, retailing its own brands plus third-party brands, via its e-commerce technology, infrastructure, and brand-building expertise. Contact Details BPCM Ali Taekman ali@bpcm.com Company Website https://www.symbiome.com

July 12, 2023 09:30 AM Eastern Daylight Time

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Viral and Cult-Fave beauty brand Live Tinted officially launches in Sephora Canada

Live Tinted

Viral Beauty Brand Live Tinted celebrates a new milestone with its official launch in Canada as an exclusive retail partner to Sephora Canada both in-store and online. Since the brand’s inception, Live Tinted has been intentionally driven by its community first, from product development to campaign storytelling. It's no surprise that the exclusive Sephora Canada launch comes at the eager request of Sephora customers across Canada. Already a diverse ethnic market with varied needs across all areas of beauty, Live Tinted’s launch at Sephora Canada helps bring clean, effective and inclusive makeup, skincare, and SPF products with universal shades and purposeful formulas to the loyal Canadian beauty consumer. Live Tinted is a US-based beauty brand designed to solve unique beauty concerns for a variety of skin tones and ethnicities, with a special focus on managing dark circles and hyperpigmentation. Developed by beauty expert and influencer Deepica Mutyala, Live Tinted’s claim to fame began in 2015 when Mutyala shared a YouTube video on her channel showcasing how to cover dark circles on South Asian skin with red lipstick. After the video went viral, it garnered over 10 million views and since then Mutyala continues to be featured on some of the most influential outlets as a beauty authority and disruptor. The video’s success encouraged Deepica to dive deeper into her beauty journey launching the brand and her first product, the best selling ‘Huestick’ in 2018, marking the birth of Live Tinted. Live Tinted’s products are skincare-infused, featuring ingredients like Hyaluronic Acid, Vitamins C and E, as well as Squalene. The range of products hydrate and brighten the skin in addition to being clean, vegan, cruelty-free and fragrance-free. The brand earned Sephora Canada’s seal of approval with the retailer’s “Clean at Sephora” distinction. Fast forward to today, five years later, Live Tinted expands its retail availability beyond the United States by partnering with Sephora Canada, the biggest beauty retailer in Canada, to serve and expand its growing customer base. “Our community has always been at the forefront of everything we do, and I’m over-the-moon to finally be able to bring an in-person shopping experience to our community in Canada, who have been supporters of Live Tinted since the very beginning. And to do that with a retailer like Sephora is an absolute dream come true,” says Deepica Mutyala, Founder + CEO. The inclusion of Live Tinted into Sephora Canada aligns with the retailer’s 25% pledge, a commitment to showcase brands that reflect Canada’s diversity. As one of few South Asian-owned makeup brands to launch in Sephora Canada, Live Tinted is excited and proud to tangibly contribute to increasing diverse representation in beauty. “We continue to expand our offering with exclusive, first-to-Canada, innovative brands that resonate with our diverse beauty community,” says Jane Nugent, Senior Vice President of Merchandising, Sephora Canada. “We love Deepica’s vision and focus on South Asian beauty needs. Her curated, solution-oriented assortment makes Live Tinted a perfect and exciting addition.” Beginning July 16, Live Tinted fans can purchase their favourite products on the Sephora Canada app, for early access, followed by the official launch on Sephora.ca on July 17 and in a majority of Sephora Canada stores on July 21. Live Tinted fans can look forward to seeing all their must-haves from the brand available to them at Sephora Canada including the infamous Huestick. The Live Tinted product assortment available at Sephora Canada will include best sellers in both skincare and color, including Superhue Hyperpigmentation Stick, Superhue Brightening Eye Cream, Huestick Color Correct, HueGlow, and more. For more information on the Live Tinted launch into Sephora Canada or media inquiries, please reach out to Langton PR. Contact Details Langton PR Inc. Daniel Pillai, Vice President daniel@langtonpr.com Amanpreet Dhami, Senior Director amanpreet@langtonpr.com

July 12, 2023 09:00 AM Eastern Daylight Time

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Cellular Goods provides update on King Tide Carbon integration

Cellular Goods PLC

Cellular Goods PLC (LSE:CBX) chairman and interim CEO Darcy Taylor speaks to Thomas Warner from Proactive about how the acquisition of biosynthetic algae & seaweed carbon sequestration as-a-service company King Tide Carbon (KTC) has been proceeding since it completed back in May. Taylor says that the acquisition of King Tide Carbon has allowed Cellular Goods to expand its vision of sustainability and capitalise on the increasing demand for carbon removal solutions driven by the Paris Climate Agreement. He goes on to emphasise the importance of bio-synthetics as an emerging technology for carbon removal and highlighted the expertise of the King Tide team in accelerating the company's direction. With the acquisition, Cellular Goods aims to be at the forefront of scalable and high-quality carbon removal solutions, contributing to the fight against climate change while delivering value to shareholders. He also addresses how long he is likely to stay in the interim CEO role, saying that his main priority is to deliver growth and development for the business and that he "remains committed for the next twelve months and beyond." He also commits to providing more frequent updates to shareholders. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

July 12, 2023 06:16 AM Eastern Daylight Time

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Comcast Names Jose Espinel to Lead Texas Region

Comcast Texas

Comcast today announced Jose Espinel as the new senior vice president for its Texas Region. Espinel will lead all business functions of the region, including the robust broadband infrastructure expansion of the Xfinity 10G Network in Texas. “I couldn’t get here fast enough,” said Espinel. “Texas is the land of opportunity, and I truly admire the rich diversity of the region and our Comcast Texas team. My priority will be to continue to expand our world-class broadband network to more customers and communities while ensuring our most vulnerable southeast Texans don’t get left behind.” Espinel, a native of Venezuela, brings nearly 25 years of communications and data industry experience to Comcast’s Texas Region. He joins Comcast after a successful tenure at AT&T where he led teams in Arizona, New Mexico and Las Vegas. While in Los Angeles and San Diego, Espinel led AT&T’s consumer mobile business and the Hispanic segment strategy for the region. He also worked with DIRECTV Latin America. “Jose embodies all our cultural touchstones. He’s an inclusive, principled, people-focused, competitive and customer-driven leader,” said Comcast West Division President Rich Jennings. “Our country is experiencing the largest broadband infrastructure expansion of our lifetime, and Jose is ready to lead the charge in Texas so more families and communities can unlock a future of unlimited possibilities.” Espinel joins Comcast’s Texas Region on July 10 and will report to Jennings. “I’m excited to lead this incredibly talented and dedicated Comcast Texas team and continue to provide reliable service to, and serve, the wonderful communities in the region,” said Espinel. “I am also looking forward to spending more time with family members who are proud and long-time residents of the area.” Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast | Texas Region Steve Campion +1 832-920-2001 Steve_Campion@comcast.com Company Website HTTPS://www.ComcastTexas.com

July 10, 2023 07:02 AM Central Daylight Time

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News Release

Phunware enhancing hospitality with Smart Hospitality Solution in Thumper Pond Resort launch

Phunware Inc

Phunware COO Randall Crowder joins Proactive's Natalie Stoberman to share the details of its newly announced collaboration with Minnesota's Thumper Pond Resort to launch Phunware's Smart Hospitality Solution. Crowder says Thumper Pond Resort offers a picturesque setting with a championship golf course and various amenities. Coupled with Phunware's mobile Smart Hospitality Solution, Crowder explains that Thumper Pond can allows guests to maximize their experience at the resort. Crowder shares how the application leverages Phunware's advanced location software, enabling users to navigate the property easily, both indoors and outdoors where guests can explore the golf course and conveniently order food and drinks from anywhere; ensuring prompt delivery. The app also incorporates contextual engagement, sending personalized messages based on guests' location and preferences. Phunware also utilizes artificial intelligence to craft these messages while maintaining a human-centric connection with guests. The aim is to transform guests' smartphones into mobile concierges by offering personalized and efficient services. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

July 06, 2023 04:31 PM Eastern Daylight Time

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ToolsGroup Improves Supply Chain Visibility, Usability, and Power in the Mid-Year Enhancements to SO99+

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, has announced the latest version of its Service Optimizer 99+ (SO99+) software, enhancing visibility, explainability, and usability across all of its demand and supply planning functionalities via powerful automation and artificial intelligence. This is the latest of the company’s significant strides toward making supply chains a force for good by helping organizations improve service levels, reduce excess stock, eliminate waste, and increase profits. With the release of v8.61, ToolsGroup provides additional transparency and accuracy while increasing the power of SO99’s AI-driven, probabilistic forecasting engine with expanded capabilities that now deliver: - Automated New Product Introduction (NPI) Suggestions which automatically identify anomalies within NPI forecasts and recommend scenarios to most effectively address them. - Seasonality at Item/Area Level which improves forecasting results by delivering more powerful clustering that better accounts for SKU-specific seasonality. - Enhanced Misaligned Forecast Value Alerts which explain why forecasts are not aligned to historical sales so organizations can move more quickly and decisively. - Alternative Transportation Mode Updates to existing on-order expedite optimization functions. This capability now automatically recommends the most economically convenient option for each customer order, best aligned to their organizational goals. Among ToolsGroup’s numerous satisfied customers is GranTerre, one of the preeminent operators in the Italian agro-food sector. “GranTerre has been a ToolsGroup customer for many years, and we value their commitment to innovation,” said Massimo Corradi, Supply Chain & Logistics Director, GranTerre. “We are excited to see these enhancements to SO99+ and the improvements they will bring in visibility, explainability, and power.” Delivering unparalleled value to customers, these exciting new capabilities join other recent dynamic planning enhancements to SO99, including: - An Industry-Leading NPI Dashboard that enables users to better leverage historical data to create and refine forecasts for new products. - Aggregate Forecasting & Re-Forecasting Based on Pre-Orders that enables forecasting at any aggregate level without losing nuanced details. - Dynamic Multi-Sourcing that allows users to plan simultaneous replenishment from multiple suppliers, while also selecting back-up suppliers and creating order triggers. - Probabilistic Bill of Materials, one of SO99’s most popular recent capabilities, that factors in the probability of certain components being used and determines the quantities needed for a BOM at the start of the planning process. “SO99+ is the industry leader in probabilistic planning techniques, multi-echelon inventory optimization, and AI,” said Inna Kuznetsova, CEO of ToolsGroup. “The release of SO99+ V8.61 supports our development goals of improving visibility, enhancing explainability, and increasing the power of our demand and supply engines. Customers trust ToolsGroup to deliver on their business goals while improving sustainability, helping to make their supply chains both a competitive advantage and a force for good.” With over 400 customers located in 45 different countries, ToolsGroup’s SO99+ provides the power of dynamic planning, driving intelligent decision-making at the speed of business. Customers report a 5-10 percentage point improvement in forecast accuracy and a 3-5 percentage point increase in service levels while simultaneously achieving a 20-30% inventory reduction. Thanks to built-in automation, customers cut the planning workload by up to 90% and reduce waste by 10-30%. For more information about SO99+, read our blog on the v8.61 release HERE. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

July 06, 2023 10:30 AM Eastern Daylight Time

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NextFerm Technologies announces a commercial manufacturing agreement for the production of ProteVin™, its vegan protein, with Kothari Fermentation and Biochem, a subcontractor in India

NextFerm Technologies Ltd.

In the first stage, the production setup will enable an annual production capacity of $4M in revenues The completion of the production setup is expected during the fourth quarter, 2023 (Yokneam Illit, July 5, 2023) – NextFerm Technologies Ltd. (TASE:NXFR), a food-tech company developing ProteVin™, a vegan, fermentation-based, non-GMO protein alternative and other innovative yeast-based nutrients, announced today that it has entered into a commercial manufacturing agreement with a subcontractor in India, Kothari Fermentation and Biochem, for the production of ProteVin™. The agreement relates only for production services and doesn’t include IP transfer to the subcontractor. The company's management has worked diligently to find a solution to establish a production setup that will be in line with its financial means, so that, in this stage, this agreement replaces the establishment of the manufacturing plant with the subcontractor in North Macedonia, and will allow the company to supply market demands with a lower investment than planned and with the ability to increase future capacity. In the first stage, the production setup will enable an annual production capacity of $4M in revenues. In addition to the production equipment that the company has purchased so far, the Company estimates that the necessary investment needed for the completion of the production setup and the purchase of the production equipment for the first stage will be approximately $2M. This investment will be financed from the company's own resources. The completion of the production setup is expected during the fourth quarter, 2023. The building in which the production facility is planned to be built already exists and has needed utilities, and most of the equipment needed to operate it has already been purchased by the company and/or is in the possession of the subcontractor and is available for the company’s use. Starting 2023, five food and dietary supplement companies in the USA and Europe have launched vegan products based on ProteVin, including Swanson, one of the leading and veteran nutritional supplement brands in the USA, Spacemilk and Mushroom Design. In the five products, the ProteVin™ brand is labeled on the packaging. The company has a wide and growing base of food and dietary supplement companies, including global companies, that are examining ProteVin for use in a variety of alternative products. In addition to ProteVin, the production facility in India will allow the company to also produce and market the by-product Yeast Extract, which is obtained in the production process of the protein. This product is an ingredient that enhances taste and flavor in the food industry. The company has developed a first generation of Yeast Extract based on a unique technology developed by the company (a yeast strain and unique processes) that contributes to the quality of the Yeast Extract products and the profitability of these products. The Yeast Extract market is estimated at approximately $1.9 Billion in global annual sales, with a growth of approximately 8.7% which is influenced, among others, by the growth of the alternative food market[1]. This is one of the most important and largest categories in the flavors market. Boaz Noy, Chief Executive Officer of NextFerm, said: "In past few months, we have focused on finding an efficient and flexible production alternative to the production facility that was planned to be established in North Macedonia, which will be in line with the company's capabilities and financial resources. The production setup that will be established in India will allow us to meet the growing demand for ProteVin, with a lower investment than planned with the ability to increase future capacity. ProteVin™ is the only alternative protein on the market today with a neutral taste and an animal-like nutritional value, and we believe it will become a leading solution in the global alternative protein industry. In addition, the company will be able to initiate the production and launch of Yeast Extract, which is a vegan food ingredient that enhances taste and flavor and with a high and growing demand in the food industry." About Kothari Fermentation and Biochem Kothari Fermentation and Biochem, traded on the Bombay Stock Exchange (BSE:KFBL.BO) is a manufacturer of baker’s yeast, Instant Yeast, Active & Inactive Dried Yeast, Cell walls, yeast extract, alcohol yeast and other yeast based products. For more information, visit the Kothari website at: www.kothariyeast.in About NextFerm Technologies NextFerm Technologies, traded on the Tel Aviv Stock Exchange (TASE:NXFR) is a food-tech company engaged in the research, development, manufacturing and marketing of innovative, functional and vegan yeast-derived, non-GMO protein alternatives for various applications in the food and food supplement markets and the growing market for animal-derived protein alternatives. NextFerm's flagship product is ProteVin™, a vegan, yeast-derived protein with animal-like nutritional value (Amino acid profile BCAA=21%, Leucine=9%, EAA=53% and high digestibility PDCAAS=1) and a neutral flavor. ProteVin™ is designed for a variety of categories in the alternative protein market, which is estimated at USD 20 billion in terms of final products and at USD 3.5 billion in terms of raw materials with an annual growth rate of above 20%, including milk and dairy substitutes, meat substitutes and additional categories such as infant nutrition, adult nutrition, and sports nutrition. The Company launched ProteVin™ and initiated marketing and supplying the product in second quarter of 2022. For more information, visit the NextFerm website at: www.nextferm.com [1] https://www.fortunebusinessinsights.com/yeast-extract-market-106656 Legal Notice Regarding Forward-Looking Statements This announcement also includes forecasts, projections, assessments, estimates and other information which refer to future events and matters, the realization of which is uncertain and not exclusively under the Company’s control (forward-looking information). The main facts and data used to support this information are facts and data regarding the current position of the Company and its businesses (including the scope of sales and levels of profitability, manpower, commercial engagements and more), facts and data regarding the current global position of the Company’s operating segments (including industry-specific financial developments, environmental regulatory developments, the competitive environment, technological developments, the reinsurance market and more), and macro-economic facts and data (including the economic situation both in Israel and around the world, yields in the capital markets, social and state developments and more), all as known by the Company when publishing this announcement. The forward-looking information included above in this announcement is significantly based upon, in addition to the existing information held by the Company, on the Company’s current assessments and expectations of future developments vis-a-vis each one of the aforementioned parameters, and the interconnectedness of each one of these developments. The Company has no certainty that its forecasts and assessments will indeed eventuate, and the Company’s operating results may be materially different than the results assessed or implicit based on that set forth above, inter alia, as a result of a change in any of the aforementioned factors. Contact Details NextFerm Technologies Ltd. Yossi Ohana - CFO +972 54-771-5893 yossio@nextferm.com Investor and Media Contact Meirav Gomeh-Bauer +972 54-476-4979 meirav@bauerg.com

July 05, 2023 03:06 PM Eastern Daylight Time

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