News Hub | News Direct

‘Hybrid’ Sports Tourism and Community Recreation Facility Development Increases 33% -- Signaling Major Transformation for Future of Parks & Recreation

Sports Facilities Companies

The Sports Facilities Companies (SFC), a national consultancy, developer, and operator of sports, recreation, and events properties, predict that the $39.7 billion youth and amateur travel sports and the $218 billion parks and recreation industries are colliding, signaling a major transformation in the operations of local government. This prediction is based on SFC's analysis of 2,000 communities over the last 20 years, including analyzing parks and recreation budgets, sport and recreation funding mechanisms, political pressures, the rise of sports mega-complexes to drive tourism, and the budget constraints of municipal government. SFC predicts that assets traditionally operated by local government through their parks department will require new types of operating and management models to keep pace with private sector demands and to ensure local citizen activation. Numerous factors are impacting the way parks and recreation departments are structured, operated and how they deliver services to communities. What has gone unchanged is the popularity and significance of parks in the political landscape at the local level and as a proven amenity that impacts the quality of life, health and social outcomes, community engagement, and revenues for the cities where parks and recreation are prioritized. According to the National Recreation and Parks Association (NRPA) 82% of U.S. adults agree that parks and recreation is essential and 72% of U.S. adults are more likely to vote for local political leaders who make park and recreation funding a priority. “What many community leaders don’t realize is that this shift is already underway. Now is the time to get strategic with your sports, parks, and tourism assets – or get left behind,” said Mike Kelly, former CEO of the Chicago Park District and NRPA chair, now Executive-Vice President of Community Development for SFC. “In my thirty-year tenure serving the City of Chicago, we chose to privatize twenty-plus properties – particularly those with an emphasis on sports, tourism, or those where driving revenue was an important factor.” According to SFC Partner Evan Eleff, who oversees the firms’ planning and advisory services, evidence of this shift is clear during the pre-development phase. Eleff’s team, which performs 150+ studies each year, reports a 33% increase in studies for facilities from municipal clients that combine multiple tourism, recreation, and events components since the beginning of the Covid-19 pandemic. “Community leaders are challenged with meeting the needs of their cities and growing consumer expectations around sports and events, balancing the multitude of municipal infrastructure needs, and driving economic growth,” says Eleff. “With the rising cost of construction and materials, it means the average project cost is upwards of $30 million. For parks and recreation, which have been traditionally heavily subsidized, this means more pressure on revenue generation and cost recovery. This is a paradigm shift for most parks departments.” The rise of sports tourism since the early 2010’s has been a major contributing factor to this impending shift. According to a 2015 Industry Report by the Sports Events and Travel association (now called SportsETA), the youth and amateur sports tourism industry was valued at $9.45b. In their latest report from 2021, that figure is now $39.7 billion, a 320% increase in six years. That growth has predicted to continue to rise and reach $77.5 billion in 2026, according to Wintergreen Research, Inc. New hybrid facilities are being developed and opened in cities large and small. The City of Albertville, AL (population ~22,000) opened their $58 million Sand Mountain Park and Amphitheater in 2021 with a mission to serve both local residents with camps, clinics, and leagues and to drive economic development through sports tourism by hosting large sports tournaments and live entertainment. With two new hotels opened or under development, big-name quick service restaurants like Buffalo Wild Wings and Beef O’Brady’s, and $23.2 in direct economic impact, the venue, operated by SFC, is outperforming original forecasts and driving economic development. “It’s tough for the traditional government approach to work in this dynamic environment. Developing and operating such diverse assets with such high expectations is not something with which most municipalities have experience,” said Jason Clement, CEO and co-founder of Sports Facilities Companies. “It’s why we purpose-built our team over the last twenty years to serve public entities. Our mission, to improve the health and economic vitality of the communities we serve, lives most vibrantly when we balance the competing needs of social equity and access, revenue generation, tourism development, emotional, physical, and mental health, and combatting the obesity epidemic. These are key elements of a flourishing community and operating partnerships with professional management firms are the way to maximize those results.” There may be no better example of this transformation than in Hoover, AL with the Hoover Met Complex. Forward-thinking leaders in Hoover re-imagined their existing AA (double-A) baseball stadium, former home to the Birmingham Barons and current host of the SEC baseball tournament, into a sports and recreation mecca. In 2017, the City opened the 155,000 square-foot indoor sport and event facility, the Finley Center and expanded RV Park. In 2019, the second phase of the project opened including an accessible playground, splash pad, outdoor baseball fields, rectangle fields, and tennis center. The operation has provided more than 10,000 hours of free community access annually, hosted premier tournaments like Perfect Game Baseball and community events including Market Noel and Vintage Market Days while providing financially for additional programming and capital investment projects. Additionally, the complex generated $68 million in economic impact in 2021 alone supporting the residential and commercial real estate development surrounding the Hoover Met Complex property. The City of Hoover oversees the SFC team, who manages daily operations and partners closely with City parks leadership to collaborate, not compete, with well-established programs and team members. “It’s examples like Hoover and Albertville demonstrating that not only can communities balance the multitude of outcomes demanded by residents, but they don’t have to do it alone,” said Kelly. “Communities of all sizes – as large as the City of Chicago and as small as twenty-thousand – have the opportunity to adapt now. The proverbial train has left the station. Change is coming. Now is the time to re-think old models and embrace what is next.” ### The Sports Facilities Companies (SFC) are the Nation’s leading resources for the management and development of sports, recreation, wellness, and events facilities. As a turn-key solution for community leaders and developers alike, SFC services span the gamut of sports and recreation needs from sports tourism & recreation master planning, program planning, and feasibility through professional facility management services. Our 30+ managed venues and 1500+ team members, represented by the SF Network, welcome more than 25 million guest visits and produce over $250 million in economic impact each year. To learn more, please visit SportsFacilities.com and theSFnetwork.com. Contact Details Eric Nemeth nemeth@ericpr.com Company Website https://sportsfacilities.com/

November 29, 2022 08:35 AM Eastern Standard Time

Image

2022 Airbnb Winter Release: Introducing an All-New Easy Way to Airbnb Your Home Ahead of the Holidays

YourUpdateTV

Have you ever thought of earning extra income by sharing your own home while you are away visiting loved ones during the holidays. Well one way to do that is through listing your space on Airbnb – which is now easier than ever. In May, Airbnb introduced Airbnb Categories so that millions of people could discover homes they never knew existed. Now, Airbnb is introducing Airbnb Setup to make it easy for millions of people to Airbnb their home. The platform is also providing even more AirCover for Hosts and adding more Airbnb Categories. Recently, Airbnb Superhost, Katie Kay Mead conducted a satellite media tour to talk about how hosting has helped her earn extra income while supporting her community, and the 2022 Airbnb Winter Release. A video accompanying this announcement is available at: https://youtu.be/GmPl6ToSzkg ● Introducing Airbnb Setup - The all-new, super easy way to Airbnb your home, with free one-to-one guidance from a Superhost. ● Even more AirCover for Hosts - Now featuring even more top-to-bottom protection, with guest identity verification, reservation screening, and $3M damage protection, including coverage for cars, boats, art and valuables. ● New Airbnb Categories - Introducing six new categories of homes, as well as improving the way Airbnb Categories are displayed. For those looking to Airbnb their home, now is the perfect time to start hosting. Airbnb reports that new homes book almost immediately. In Q3 2022, 50 percent of new Hosts received a booking within three days of activation – and inIn countries with high levels of inflation, Airbnb has also seen strong growth in new Hosts – earning extra income at a time when it’s never been more important. Introducing Airbnb Setup Over the past year, nearly 30 million people have visited Airbnb to learn about hosting. Now, Airbnb is making it even easier and safer for millions of people to get started. Introducing Airbnb Setup, the all-new, super easy way to Airbnb your home. Airbnb Setup includes: ● One-to-one guidance from a Superhost - When you begin Airbnb Setup, they’ll match you with a Superhost for free one-to-one guidance from your first question through your first guest. You can chat with your Superhost over audio, video, or messaging. More than 1,600 Superhosts are available in over 80 countries dedicated to helping new Hosts get started. ● An experienced guest for your first booking - For your first booking, you can choose to welcome an experienced guest who has at least three stays and a good track record on Airbnb. ● Specialized support from Airbnb - As a new Host, you get one-tap access to a specially trained team of Community Support agents. They can help with everything from account issues to getting paid and are available via phone, messaging, or email in over 42 languages. Even more AirCover for Hosts Last November, Airbnb introduced AirCover to provide unmatched, top-to-bottom protection for every Host on Airbnb. Today, they’re making major upgrades to AirCover for Hosts: ● Guest identity verification – Expansion of identity verification to all booking guests traveling to the top 35 countries on Airbnb—representing 95 percent of all reservations. ● Reservation screening technology – The launching of an Airbnb proprietary reservation screening technology in the US and Canada, which helps reduce the chance of disruptive parties. ● $3M damage protection - Tripling damage protection from $1 million to $3 million – covering both your home and its contents. ● Auto & boat protection – Airbnb now provides damage protection for cars, boats, and other watercraft that you park or store at your property. ● Art & valuables protection - Your fine art, jewelry, and collectibles will now be repaired or replaced at its appraised value. ● Easier to file a claim - You can now file a claim for damage protection in a few simple steps and easily track its progress from submission through payout. Upgrades to Airbnb Categories In May, Airbnb introduced a new way to search designed around Airbnb Categories. Today, they’re introducing six new categories: ● Top of the world - Homes located around 10,000 feet above sea level, often with stunning views. ● Adapted - Wheelchair-accessible homes verified to include step-free paths into the home, bedroom and bathroom. ● Play - Homes with basketball courts, game rooms, trampolines, water slides and more. ● Trending - Highly-rated homes that received more listing views compared to the previous week. ● New - Homes added to Airbnb within the past 10 weeks. ● Hanoks - Traditional Korean homes constructed of natural materials. Airbnb is also improving what Categories are displayed. For example, when you launch the app, you'll see the Vineyards category if you recently searched for homes in Napa. In addition, you'll see more details when viewing categories in search results. For example, homes with amazing views will list the type of view, and homes near national parks will show the distance to the park entrance. To find out more about the Airbnb 2022 Winter Release, visit Airbnb. About Katie Katie is an Airbnb Superhost, and Airbnb Ambassador & Community Leader based in Southern California. In early 2014, Katie and her husband bought their first home in Palm Springs – one of their favorite spots in California – and began their hosting journey. Nine years later, Katie (and her growing family) have hosted over 5,000 guests. Katie also co-hosts for many local-area hosts, and considers supporting other Hosts one of her greatest joys – helping people create warm and welcoming spaces to share with future guests from around the world. About Airbnb Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home and has since grown to 4 million Hosts who have welcomed more than 1 billion guest arrivals in almost every country across the globe. Every day, Hosts offer one-of-a-kind stays and unique Experiences that make it possible for guests to experience the world in a more authentic, connected way. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

November 28, 2022 01:13 PM Eastern Standard Time

Video

Volatus Aerospace Expands Product Distribution to US Market with Acquisition of Empire Drone Company LLC.

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (“Volatus” or “the Company”) announced today that it has signed an arm’s length definitive agreement to acquire Syracuse-based Empire Drone Company LLC., one of North America’s fastest-growing distributors and integrators for unmanned aerial systems. With Fortune Business Insights projecting the commercial drone market to grow to $47.38 billion by 2029 at a CAGR of 28.58%, the addition of Empire Drone in the USA positions Volatus to capitalize on this opportunity by adding to its growing global presence in key markets for green drone technologies, which includes Volatus Aerospace LATAM in South America, Omniview Tech in Canada, and iRed Remote Sensing in the UK. “Volatus is already a major distributor and developer of civil and defence drone solutions in Canada,” said Glen Lynch, CEO of Volatus Aerospace. “The addition of Empire Drone solidifies our footprint in America and positions us for improved margins and accelerated growth in America with a US depot and US-based support.” “Joining Volatus provides Empire with the resources needed to accelerate our growth,” said Sean Falconer, CEO and founder of Empire. “We’ll become a more important partner for our existing OEM suppliers and increase our offering with Volatus technologies such as the Aerieport remote nesting station, Hydra Crawler, and other Volatus defence and public safety products. It’s long been my goal to be a dominant player in the United States and this deal will give me the resources needed to get there.” Empire Drone is expected to generate revenue of C$2.5M in 2022 with a 6% EBITDA margin. Under the terms of the agreement, Volatus will purchase 100% of the company for a cash consideration of US$300,000, equity of US$350,000 with a minimum floor price of $0.65, and earn out of US$350,000 paid in equity after one year anniversary based on the 30-day volume weighted average price (VWAP) with a minimum floor price of $0.65 per share and assume the long-term debt of US$225,000. This announcement marks another step in a series of interrelated commercial milestones intended to drive and scale the commercialization of drone technologies including: Announcement of Volatus Aerospace LATAM, a joint venture with EOLO Drones S.A.C. ("EOLO") to expand Volatus' commercial operations in Latin America. Introduction of a full-service financing program for enterprise and industrial drone equipment to help drone service providers, public safety agencies and industrial clients leverage the rapid evolution of related technologies by offering rental, usage contracts, and customized funding arrangements for the sale of its Drone Solutions targeted at transactions valued from $25,000 to over $2,000,000. Acquisition of iRed Remote Sensing based in Emsworth, England to provide a foundation for continued growth in the UK. The acquisition of Empire Drone is scheduled to close on December 31st conditional on satisfactory completion of due diligence, approval of the respective Board of Directors, and regulatory approval by the Toronto Stock Exchange. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (if) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; the completion of the Offering; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release.” Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

November 28, 2022 06:30 AM Eastern Standard Time

Image

Retention Cloud Leader CleverTap Launches CleverTap for Startups

CleverTap

CleverTap, the modern, integrated retention cloud today announced the launch of CleverTap for Startups (C4S). Through this initiative, CleverTap will offer a full stack retention platform to all budding digital-native brands, in order to help them personalize and optimize all customer touchpoints, improving user engagement and conversion. Till date, thousands of large digital-native brands have benefited from CleverTap’s platform which has solved their needs at scale, speed, and security. The aim now is to make solutions even more affordable for pre-launch, early-stage startups, or companies with limited monthly active users. New and early-stage businesses have very different needs from larger, well-established brands. They require more flexibility, affordability, and a partner that provides seamless support fuelling their growth plans. CleverTap has currently partnered with more than 50 venture capital firms, incubators, and business accelerators including Sequoia Surge, Techstars, Y-combinator, AWS Activate, Accel and others to provide exclusive discounts and resources to early-stage startups through this initiative. The C4S initiative was undertaken a year back and the offerings have now been fine tuned following feedback from 1000+ startups and is now ready to launch. Through this initiative, CleverTap aspires to be a growth partner for more than 100,000 new businesses by the end of 2025. Through this initiative, early stage startups can opt for a flexible plan with no minimum scale requirement, and can make use of the platform with as low as 5000 monthly active users. The platform is designed realizing the requirement of SMBs/startups. Additionally, customers will have the option to customize the platform with add-ons and will have the ability to only pay for the services they use. Speaking about the initiative Anand Jain, Co-Founder & Chief Product Officer, CleverTap said, “Every small business needs an ecosystem of stakeholders that are supportive and will help them get on their growth journeys. Be it small or big, startups can use all the help they can get. In our effort to bolster new businesses globally we are excited to launch CleverTap for Startups. Customer retention for consumer brands is one of the key components to building a successful business. By offering our solutions to startups at a lower cost with flexible options, we want to create an atmosphere where we can support new businesses from their 0 to 1 and then 1 to 100 journeys.” About CleverTap CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product. The platform is powered by TesseractDB™ - the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.CleverTap is trusted by 1500 customers, including Gojek, ShopX, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco. Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter Forward-Looking Statements Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction. Contact Details CleverTap Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

November 25, 2022 08:22 AM Eastern Standard Time

Realtors® Reveal Latest Market Insights and Trends Heading into 2023

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/-MsWssY_fMs Buying or selling a home is among the greatest financial decisions an individual or family will ever make. Today’s U.S. housing market is challenging because of high interest rates and low inventory. As housing values remain relatively stable through all of this, there is still an appetite for homeownership in America. With this competitive and ever-changing marketplace, sellers and buyers should use a Realtor ® to help find the right home and negotiate terms of sale. In fact, according to the National Association of Realtors ®: Eighty-eight percent of buyers used an agent to help purchase a home. Sellers also turned to professionals to price their home competitively, help market the home to potential buyers, sell within a specific timeframe, and fix up the home for sale. Ninety percent of sellers used an agent to sell their home. A real estate agent provides essential guidance as consumers navigate the legal, financial and community aspects of a purchase, including everything from determining property value to negotiating the price. To learn more about Realtors® and to find a real estate agent visit realtor.com Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

November 21, 2022 06:32 PM Eastern Standard Time

Video

Volatus Aerospace Introduces All-Terrain Robotic Crawler, Hydra

Volatus Aerospace Corp.

Today, Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") introduces the robotic crawler, Hydra. Outfitted with wear-resistant all-terrain treads and built on a solid metal chassis, the Hydra is a robotic crawler platform controlled with a rugged dual-screen remote and equipped with an easy-to-use customizable switch layout. Designed for use in a variety of applications with a wide range of payloads, it can handle challenging terrains and dangerous situations with ease, prioritizing the safety of human life. “The Hydra was built to withstand tough conditions, like those you would encounter at mining sites and wildfires,” explained Pedram Nowroozi, CTO of Volatus aerospace. “In fact, we began development on the Hydra based on a need from one of our mining clients. They wanted to be able to go into tight and rugged spaces with a LiDAR sensor for surveying and mapping projects that would otherwise be dangerous for their crew. We are proud of what we accomplished and very excited to be making these units available commercially.” “ According to Future Market Insights, smart mining technologies alone are predicted to reach $9 B by 2032 US with a CAGR of 14%,” said Glen Lynch, CEO of Volatus Aerospace. “The Hydra was designed to capture that market and has the capability to expand into other diverse markets like firefighting. In fact, we’ve already developed a model that can provide fire suppression so that firefighters can multiply their workforce when fighting complex and dangerous fires.” Customizable to fit client’s exact needs, the Hydra can handle up to 120 kilograms with a standard three-hour runtime in a 2-kilometer range, with optional upgrades to increase range, including a 5G 4 SIM LTE module and a larger 6-hour battery. Volatus’ mining client has already taken delivery of their first Hydra unit. The Company is now making it available to more clients as off the shelf or a specifically customized product. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Pedram Nowroozi +1 647-887-1448 pedram.nowroozi@volatusaerospace.com Company Website https://volatusaerospace.com

November 17, 2022 06:30 AM Eastern Standard Time

Image

Generation Income Properties Announces Third Quarter 2022 Financial and Operating Results

Generation Income Properties

Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company") today announced its financial and operating results for the period ended September 30, 2022. Highlights (For the 3 months ended September 30, 2022) Generated net loss attributable to GIPR of $639 thousand, or ($0.28) per basic and diluted share. Generated Core FFO of $326 thousand, or $0.14 per basic and diluted share. Generated Core AFFO of $358 thousand, or $0.16 per basic and diluted share. Commenting on the quarter, CEO David Sobelman stated, “During the third quarter we focused on maximizing internal growth and growing our pipeline in order to better navigate the uncertainty that is prevalent throughout today’s markets. By positioning ourselves to take advantage of the imbalances within the market, we’ll look to opportunistically acquire assets when the time is right. We’re glad to be able to say that we’re in a stable position as it relates to our 100% rent collection, fixed debt rates that are well below today’s market interest rates, and the high credit worthiness of our tenants.” FFO and related measures are supplemental non-GAAP financial measures used in the real estate industry to measure and compare the operating performance of real estate companies. A complete reconciliation containing adjustments from GAAP net income to Core FFO and Core AFFO is included at the end of this release. Portfolio (as of September 30, 2022, unless otherwise stated) Approximately 85% of our portfolio’s annualized base rent ("ABR") as of September 30, 2022 was derived from tenants that have (or whose parent company has) an investment grade credit rating from a recognized credit rating agency of “BBB-” or better. Our largest tenants are the General Service Administration, PRA Holdings, Inc., Pratt and Whitney, and Kohl’s, all who have an ‘BB+’ credit rating or better from S&P Global Ratings and contributed approximately 66% of our portfolio’s annualized base rent. The Company’s tenants are 100% rent paying and have been since our inception. Approximately 92% of our portfolio’s annualized base rent in our current portfolio provide for increases in contractual base rent during future years of the current term or during the lease renewal periods. The average ABR per square foot is $15.70. Liquidity and Capital Resources $2.6 million in total cash and cash equivalents as of September 30, 2022. Total mortgage loans, net was $35.4 million as of September 30, 2022. Financial Results Total revenue from operations was $1.5 million during the three-month period ended September 30, 2022, as compared to $1.0 million for the three-month period ended September 30, 2021. This represents a year-over-year increase of 43% driven primarily by the acquisition of properties. Operating expenses, including G&A, for the same periods were $2.0 million and $1.3 million, respectively, due to increases in G&A, recoverable expenses and depreciation/amortization from recent acquisitions, and compensation costs. Net operating income (“NOI”) for the same periods was $1.2 million and $838 thousand, a 44% increase from the same period last year, which is a direct result of the acquisition of properties. Net loss attributable to GIPR for the three months ended September 30, 2022 was $639 thousand as compared to net income of $456 thousand for the same period last year, with the change being attributable primarily to a $923 thousand gain on sale of a property during the three months ended September 20, 2021 that did not occur in the same period of 2022. 2022 Guidance The Company is not providing guidance on future financial results or acquisitions and dispositions at this time. However, the Company will provide timely updates on material events, which will be broadly disseminated in due course. The Company’s executives, along with its Board of Directors, continue to assess the advisability and timing of providing such guidance to better align GIPR with its industry peers. Conference Call and Webcast The Company will host its third quarter earnings conference call and audio webcast on Tuesday, November 15, 2022, at 9:00 a.m. Eastern Time. To access the live webcast, which will be available in listen-only mode, please follow this link. If you prefer to listen via phone, U.S. participants may dial: 877-407-3141 (toll free) or 201-689-7803 (local). About Generation Income Properties Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com. Forward-Looking Statements This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words "believe," "intend," "expect," "plan," "should," "will," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These statements reflect the Company's expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company’s control which could have a material adverse effect on the Company's business, financial condition, and results of operations. These risks and uncertainties include the risk that we may not be able to timely identify and close on acquisition opportunities, our limited operating history, potential changes in the economy in general and the real estate market in particular, the COVID-19 pandemic, and other risks and uncertainties that are identified from time to in our SEC filings, including those identified in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed on March 18, 2022, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statement made by us herein speaks only as of the date on which it is made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as may be required by law. Notice Regarding Non-GAAP Financial Measures In addition to our reported results and net earnings per diluted share, which are financial measures presented in accordance with GAAP, this press release contains and may refer to certain non-GAAP financial measures, including Funds from Operations ("FFO"), Core Funds From Operations ("Core FFO"), Adjusted Funds from Operations (“AFFO”), Core Adjusted Funds from Operations ("Core AFFO"), and Net Operating Income (“NOI”). We believe the use of Core FFO, Core AFFO and NOI are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. FFO and related measures, including NOI, should not be considered alternatives to net income as a performance measure or to cash flows from operations, as reported on our statement of cash flows, or as a liquidity measure, and should be considered in addition to, and not in lieu of, GAAP financial measures. You should not consider our Core FFO, Core AFFO, or NOI as an alternative to net income or cash flows from operating activities determined in accordance with GAAP. Our reconciliation of non-GAAP measures to the most directly comparable GAAP financial measure and statements of why management believes these measures are useful to investors are included below. Generation Income Properties, Inc. Consolidated Balance Sheets Generation Income Properties, Inc. Consolidated Statement of Operations (unaudited) Reconciliation of Non-GAAP Measures The following tables reconcile net income (loss), which we believe is the most comparable GAAP measure, to Net Operating Income ("NOI"): The following tables reconcile net income (loss), which we believe is the most comparable GAAP measure, to FFO, Core FFO, AFFO, and Core AFFO: Note 1: Subsequent to the issuance of the Company’s 2021 Form 10-K and Q1 2022 Form 10-Q, management of the Company identified an immaterial error in application of Accounting Standards Codification (ASC) 480-10, Distinguishing Liabilities from Equity. Specifically, the Company incorrectly classified the partnership interest of GIP Fund 1, LLC as Redeemable non-controlling interest rather than Non-controlling interest within Equity. The Company has accordingly corrected certain numbers in the prior year presentation above. Our reported results are presented in accordance with GAAP. We also disclose funds from operations ("FFO"), adjusted funds from operations ("AFFO"), core funds from operations ("Core FFO") and core adjusted funds of operations ("Core AFFO") all of which are non-GAAP financial measures. We believe these non-GAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. FFO and related measures do not represent cash generated from operating activities and are not necessarily indicative of cash available to fund cash requirements; accordingly, they should not be considered alternatives to net income or loss as a performance measure or cash flows from operations as reported on our statement of cash flows as a liquidity measure and should be considered in addition to, and not in lieu of, GAAP financial measures. We compute FFO in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts ("NAREIT"). NAREIT defines FFO as GAAP net income or loss adjusted to exclude extraordinary items (as defined by GAAP), net gains from sales of depreciable real estate assets, impairment write-downs associated with depreciable real estate assets, and real estate related depreciation and amortization, including the pro rata share of such adjustments of unconsolidated subsidiaries. We then adjust FFO for non-cash revenues and expenses such as amortization of deferred financing costs, above and below market lease intangible amortization, straight line rent adjustment where the Company is both the lessor and lessee, and non-cash stock compensation to calculate Core AFFO. FFO is used by management, investors, and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers primarily because it excludes the effect of real estate depreciation and amortization and net gains on sales, which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time, rather than fluctuating based on existing market conditions. We believe that AFFO is an additional useful supplemental measure for investors to consider because it will help them to better assess our operating performance without the distortions created by other non-cash revenues or expenses. FFO and AFFO may not be comparable to similarly titled measures employed by other companies. We believe that Core FFO and Core AFFO are useful measures for management and investors because they further remove the effect of non-cash expenses and certain other expenses that are not directly related to real estate operations. We use each as measures of our performance when we formulate corporate goals. As FFO excludes depreciation and amortization, gains and losses from property dispositions that are available for distribution to stockholders and extraordinary items, it provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, general and administrative expenses and interest costs, providing a perspective not immediately apparent from net income or loss. However, FFO should not be viewed as an alternative measure of our operating performance since it does not reflect either depreciation and amortization costs or the level of capital expenditures and leasing costs necessary to maintain the operating performance of our properties which could be significant economic costs and could materially impact our results from operations. Additionally, FFO does not reflect distributions paid to redeemable non-controlling interests. Contact Details Investor Relations +1 813-448-1234 ir@gipreit.com Company Website https://www.gipreit.com

November 14, 2022 05:30 PM Eastern Standard Time

Copper Property CTL Pass Through Trust Files Quarterly Report for the Period Ended September 30, 2022 and Schedules Live Call to Discuss Recent Financial and Operating Results

Copper Property CTL Pass Through Trust

Jersey City, New Jersey – Copper Property CTL Pass Through Trust (“the Trust”) has filed its Quarterly Report with the SEC on Form 10Q for the quarter ended September 30, 2022. The Trust will host a live conference call to discuss its recently filed 10Q and most recent Monthly Reports. The conference call will be held on Monday, November 14, 2022 at 12 noon Eastern Time and will include a Question and Answer (Q&A) session. Conference Call Details: DATE: Monday, November 14, 2022 TIME: 11:00 am CST | 12:00 noon EST DIAL-IN: U.S. & Canada Toll Free: (877) 841-2983 or International (215) 268-9893 WEBCAST: www.ctltrust.net via the Investor Relations Section or click here to access REPLAY (Available for 30 days): U.S. & Canada Toll Free: (877) 660-6853 / International: (201) 612-7415 Conference ID#: 13734395 Telephone Replays will be made available approximately 3 hours after conference end time. Participants will be required to state their name and company upon accessing the replay. Additional information, including the Trust’s Monthly Report and Quarterly Report, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/. Forward Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Copper Property CTL Pass Through Trust Larry Finger | Principal Financial Officer +1 310-526-1707 lfinger@ctltrust.net Copper Property CTL Pass Through Trust Mary Jensen | Investor Relations +1 310-526-1707 mjensen@ctltrust.net Company Website https://ctltrust.net/about/default.aspx

November 10, 2022 07:56 AM Central Standard Time

Volatus Aerospace Announces Closing of Synergy Aviation and iRed Remote Sensing Acquisitions

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to report that it has completed the acquisitions of Synergy Aviation of Edmonton Alberta, first announced on October 13, 2022 and iRed Remote Sensing of Emsworth, England, first announced on October 28, 2022. Synergy Aviation provides Volatus with a strong position in Oil and Gas infrastructure monitoring with the ability to introduce green drone technologies to provide a competitive advantage for growth in that sector. The addition of iRed reinforces the company’s offering in infrared inspection and expands its geographic presence in UK and Europe. “The addition of these two companies adds approximately $7.5MM in proforma revenue and $1MM in proforma EBITDA for the first nine months bringing Volatus proforma revenue to $30MM with a proforma EBITDA of ($1.63MM) for the first 3 quarter,” said Abhinav Signhvi, Chief Financial Officer for Volatus Aerospace. “The strong sales and positive EBITDA are particularly encouraging on the heels of our recently reported Q3 2022 revenue of $11.12MM with an EBITDA of $39,547.” “Our M&A strategy of adding accretive companies such as these to our portfolio provides added financial strength and strategic advantage consistent with our long-term vision,” added Glen Lynch, CEO of Volatus Aerospace. *Non-IFRS measure. Earnings before interest, taxes, depreciation and amortization ("EBITDA") should not be construed as alternatives to comprehensive loss or income determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and, therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as IFRS net loss excluding interest expense, depreciation and amortization expense. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

November 10, 2022 06:30 AM Eastern Standard Time