News Hub | News Direct

Real Estate

Commercial Home Building Property Management REIT Real Estate Residential
Article thumbnail News Release

Chinachem Group Confirms with Helical The Purchase of a London Office Building at £158.5 million

Chinachem Group

HONG KONG SAR - Media OutReach - 7 September 2022 - Chinachem Group (the “Group”) today announces that the Group has confirmed with Helical Plc for the purchase of the 150-year long leasehold interest of Kaleidoscope, an office property situated in an emerging new tech cluster in London, at £158.5 million, reflecting a capital value of £1,789 psf. The lease from Transport for London was granted in 2018 and has a head rent geared to 10% of contracted rents. Completion is due to take place in ten days. This transaction marks the Group’s first overseas acquisition, which will help drive its portfolio diversification and sustainable growth. Newly completed in 2019, this six-storey 88,580 sq. ft. office building sits above the Farringdon East Crossrail Station. This well-connected area has attracted many tech companies to settle there, while the UK headquarters of Amazon and Snapchat are nearby. Situated at Lindsey Street, EC1, Kaleidoscope is currently fully occupied by Tiktok, the popular short form video hosting service owned by ByteDance, who took a 15-year lease in March 2021 at £7,633,053 per annum (an average rent in excess of £86 psf). The PLP designed scheme is accredited BREEAM Excellent, WiredScore Platinum and provides a 5,000 sq. ft. roof terrace together with spa quality end of journey facilities and features integrated artwork by Dutch artists De Makers Van. Donald Choi, Executive Director and CEO of Chinachem Group, said: “We’re delighted to have acquired Kaleidoscope successfully as it is located in a prime position in one of London’s most dynamic, vibrant and culturally rich sub-markets with impressive rental growth. We intend to hold this property for long-term investment.” He added: “Having now made our London entrance, we will incrementally increase our exposure in gateway cities of other major developed markets in order to move further forward our diversification objectives and build a long-term resilient income stream. However, Hong Kong still remains our home and the core market of our business operations.” Matthew Bonning-Snook, Property Director at Helical, commented: “ Kaleidoscope was the first over station development to complete on the Elizabeth Line and we were able to attract one of the world’s fastest growing tech businesses due to its striking design, highly accessible location, excellent amenities and strong environmental credentials. We will now seek to recycle the proceeds from the sale into delivering new highly sustainable ‘best-in-class’ Central London office schemes, where occupier demand remains strong.” Click here for high-resolution image About Chinachem Group Since 1960, Chinachem Group has been a leading property developer in Hong Kong, with a portfolio covering residential, commercial, retail and industrial buildings for sales and investment, in addition to operating hotels and property management services. The Group actively seeks to make a positive contribution to society through its adherence to the ‘Triple Bottom Line’, a commitment that its activities will benefit People, bring Prosperity to the community and preserve the Planet. Please visit www.chinachemgroup.com/en Contact Details Chinachem Group David Woo, Project Advisor, Corporate Communications +852 2500 7344 davidwoo@chinachemgroup.com

September 07, 2022 09:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

MetaProp Names Industry Vet Dana Wildeboer As Vice President of Marketing

MetaProp

MetaProp —the world’s leading venture capital (VC) firm focused on the PropTech industry—today announced the addition of industry vet, Dana Wildeboer, as its Vice President of Marketing. Wildeboer joins the firm after spending five years with MassChallenge—the global network for innovators that runs an ecosystem of zero-equity startup accelerators—Dreamit, Hulu, and the University of Southern California. With nearly 20 years of marketing experience, Wildeboer’s unique skill set spans creating experiences for companies to activate ideal clients through content strategy, large scale events, strategic public relations, digital brand engagements, and more. “Our firm has established its global brand as the early stage VC firm known for our award-winning investment team, top performing portfolio, and notable partnerships with the industry’s most respected brands,” said MetaProp Partner Maureen Waters. “Dana’s vast global marketing experience and innovative work with startups will be a valuable addition to MetaProp as we continue to grow our reach & service our portfolio, LPs, and the PropTech ecosystem.” Wildeboer will deepen MetaProp’s marketing competency and drive the marketing function to raise awareness and educate global audiences about the impact of PropTech and MetaProp’s work across the real estate value chain. She will also strategically support MetaProp portfolio companies with their marketing strategy while helping MetaProp founders accelerate startup growth. Prior to MetaProp, Wildeboer led global marketing and communications for MassChallenge. Within this role, she fostered MassChallenge’s global alignment at all levels to promote and exemplify cross-collaboration, simultaneously executing a global marketing strategy that met growth goals and propelled the organization forward. Wildeboer previously served as the Director of Strategic Client Solutions for Sol Marketing, responsible for content strategy for all clients and company operations – including managing $1M in revenue for Fortune 100 clients. Prior to joining Sol Marketing, Wildeboer was Director of Entrepreneur Programs for DreamIt, building an “accelerator in a box” solution that allowed the company to scale to five locations across two core programs. She also spent a year and a half at Hulu, where she acted as International Communications Lead and served at the University of Southern California, supporting early-stage startups and contributing to ground-breaking programs, including producing the first TEDx event, TEDxUSC, in 2009. “I’ve dedicated my career to accelerating the future by working to build startups’ brands and the communities that propel success,” said Wildeboer. “As such – MetaProp has always been on my radar for the way they pioneer technological innovation in the largest global asset class via the relationships they’ve harnessed with their LPs and portfolio companies. I’m thrilled to have the opportunity to join the team and drive MetaProp’s next stage of growth.” About MetaProp MetaProp is a New York-based venture capital firm focused on the real estate technology (“PropTech”) industry. Founded in 2015, MetaProp’s investment team has invested in 175+ technology companies across the real estate value chain. The firm manages multiple investment funds for both financial and strategic real estate investors representing a pilot- and test-ready sandbox of 20+ billion square feet across every real estate asset type and global market with partners and investors from various parts of the world, including Ivanhoe Cambridge, PGIM, Mitsui Fudosan, CBRE, AECOM, Development Bank of Japan, Cushman & Wakefield, Swire Properties, JLL Spark, Sumitomo, GS Futures, Bridge Investments and others. The firm’s investment activities are complemented by pioneering community leadership including the PropTech Place innovation hub, MetaProp Accelerator at Columbia University programs, global events NYC Real Estate Tech Week and Propel by MIPIM NYC, and publications Global PropTech Confidence Index and PropTech 101. Contact Details Elise Szwajkowski +1 212-402-3495 eszwajkowski@marinopr.com

September 07, 2022 08:00 AM Eastern Daylight Time

Article thumbnail News Release

Volatus Aerospace Corp. Provides Update Related to Its Brokered Private Placement and Short Form Prospectus Offering

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (the “Company” or “Volatus”) is providing a supplementary update in respect of its brokered private placement of units announced by way of press release on August 29, 2022 (the “Brokered Private Placement”). The Brokered Private Placement is intended to accommodate investors in the Province of Quebec as the Prospectus Offering (as defined below) is not applicable in the Province of Quebec. The offerings are made on similar terms as announced previously. The Brokered Private Placement for gross proceeds of up to $500,000 will be conducted in addition to, and on similar terms with, the Company’s proposed marketed public offering of units for gross proceeds of $4,000,032, subject to an over-allotment option (the “Prospectus Offering”), and the Company’s proposed non-brokered private placement of units for gross proceeds of up to $500,000 (the “Non-Brokered Private Placement”), each as previously announced by way of press release on July 25, 2022. The Company received a receipt for the preliminary short form prospectus on July 25, 2022 and expects to receive a receipt for the final short form prospectus in due course. The offerings are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and any applicable securities regulatory authorities. All securities issued in connection with the Brokered Private Placement and the Non-Brokered Private Placement will be subject to a four-month and one day hold period in Canada. In correction of the August 29, 2022 press release, the Company advises that there is no president's list applicable to the Brokered Private Placement. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, Latin America and most recently in Europe. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information 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 Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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 TSX Venture Exchange (“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 release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 833-865-2887 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

September 02, 2022 07:30 AM Eastern Daylight Time

Article thumbnail News Release

Amidst Inflation, People Are Becoming Hosts on Airbnb

YourUpdateTV

With inflation still a concern for people in the us and around the world, hosting is once again proving to be a vital tool to earn extra income. Recently, Ansel Troy, host of a Host of a tiny house in Oakland, conducted a satellite media tour to talk about his experience being an Airbnb Host and the financial benefits of listing a unique space on Airbnb. A video accompanying this announcement is available at: https://youtu.be/kv2NETtMVWI Airbnb started in 2008 during the Great Recession, at a moment in which people across the US and around the world were looking for new ways to earn extra income. Now, in the midst of a new economic downturn, hosting is once again proving to be a vital tool to earn. According to a recent survey conducted by Airbnb, 41 percent of Hosts in the US reported that one of the reasons they host is to earn money to help navigate rising prices. Airbnb is sharing new findings showing that new Hosts began opening their doors amidst growing inflation in Q2 2022 – as well as new insights into how these new Hosts are sharing their space as well as their ability to earn. More people start hosting as inflation increases Inflation has been climbing higher around the world. At the same time, more people have begun hosting, specifically in top tourism destination countries with high growth in inflation. While there are other factors that contribute to Host growth – including seasonality, demand and product initiatives – according to Airbnb’s analysis, on average, a one percentage point increase in the inflation rate in a top Airbnb market was correlated with a nearly four percentage point increase in the number of new Hosts in that country for Q2 2022. In the United States, where inflation hit 9.1 percent in June 2022, the number of new Hosts grew by more than 50 percent in Q2 2022, compared to Q2 2021. For new Hosts, it’s mortgages on their mind Hosts around the world have long shared that hosting helps them to afford their home – with the need to pay for their mortgage or rent even serving as a reason why many began hosting in the first place. According to an Airbnb survey, nearly 40 percent of Hosts in the US said that the income earned through hosting has helped them stay in their home in 2021. Now, with the cost of homeownership rising, new Hosts in the US are not only turning to hosting, but also may be hosting more frequently when they get started, to increase their earning potential and cover a larger mortgage. Regions with the greatest hikes in local residents’ mortgage payments also saw an increase in earnings for typical new Hosts in Q2 2022 – suggesting more hosting activity. In fact, according to Airbnb’s analysis, in Q2 2022, a $1 rise in the average American’s monthly mortgage payment – due to the hike in mortgage interest rates from three percent to six percent – was correlated with a 26-cents increase in a new typical Host’s earnings for the quarter. New Hosts see the opportunity to earn Inflation may be rising, but so too is the income Hosts are earning. As Airbnb has reported, in 2021, the typical Host in the US earned over $13,800 – an increase of 85 percent over 2019. The typical income of $13,800 represents over two months of pay for the median US household. For those who have begun hosting recently due to the changes in cost of living, the ability to earn is still strong: New Hosts earned a combined total of over $1.8 billion globally in 2021, up more than 30 percent from 2019. And this opportunity has continued into 2022 – including for younger Hosts, many of whom have discovered hosting as a way to fulfill their dreams even as new financial responsibilities and burdens stack up. In the first three months of 2022 alone, Hosts under 30 in the US alone earned approximately $200 million – after earning approximately $775 million in all of 2021. Hosts are sharing the space they have to get started now With these new economic pressures, more people are not only looking to start hosting, but also to do so flexibly – leveraging the space they have to earn, and quickly. New listings that were activated and booked in Q1 2022 are getting booked faster compared to a year ago, with the average time to get a first booking for the majority of new listings being about a week. In many cases, Hosts are tapping into the demand for more unique spaces to earn real income, with unique listings earning nearly $1 billion just in 2021. Take Host Ansel in Oakland, California, who decided to put a tiny home in his backyard and list it on Airbnb as a way to earn some passive income. After spending about $5,000 on the home itself, Ansel needed to get the rest of the space ready for guests on a budget. Though far from a trained designer, he purchased some tools, rolled up his sleeves and took to the web to teach himself everything from painting to propagating a plant wall in his bathroom – now one of the biggest selling points of his tiny home to guests. Since he began hosting in 2018, Ansel has earned more than $98,000, with the goal of setting up another listing in his home that he hopes will go viral. For Ansel, his own experience is proof that anyone can Host, and anyone can Host anywhere – a no brainer for people to consider hosting amidst economic flux. To find out more about hosting go to airbnb.com/host and get started. About Ansel Troy Ansel Troy is an Airbnb Super host in his hometown of Oakland, CA. His entrepreneurial start began when he was 14 selling newspaper subscriptions to help his mother with groceries and bills. With a propensity for helping others, he graduated from California State University East Bay with a degree in Ethnic Studies and pursued a career in Social Work. In 2013, he purchased a small fixer upper home in East Oakland and spent the next few years making DIY renovations. Four years later, Ansel was looking for a way to earn some passive income - he decided to lean into the tiny home craze and used the equity from his home to purchase a Tiny House to list on Airbnb. He didn’t have the funds to invest in contractors or designers for the fitout, so dove into a self-prescribed DIY YouTube rabbit hole to get the space ready to list. He parked the Tiny House in his backyard; guests loved the experience and responded with rave reviews. A few years into his Hosting journey, his son was diagnosed with Autism. Looking to spend more time at home with his son, Ansel decided to share his tiny home full-time, generating a source of income that helped to lighten the burden of worrying how he would care for him. In 2021, he resigned from a 13-year career in Social Work and currently works from home as a full-time Airbnb Host and Tiny House consultant. 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

September 01, 2022 12:06 PM Eastern Daylight Time

Video
Article thumbnail News Release

Volatus Aerospace to Remotely Fly Multiple Drones in Las Vegas from Canada

Volatus Aerospace Corp.

At the Commercial UAV Expo in Las Vegas, the world’s leading commercial drone trade show and conference, Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") will demonstrate the current capabilities of remotely piloted operations by flying multiple drones from its remote operations center at the Lake Simcoe regional airport in Ontario on Tuesday, September 6 at the Henderson Equestrian Park North during their annual drone demo day. During the 20-minute flight, Richard Podolski, VP of Flight Operations for Volatus Aerospace, will remotely operate the drones from the Volatus Remote Operations Center in Canada including pre-flight authorizations, takeoff, and landing, much in the same way a pilot would operate a drone from the Company’s AERIEPORT nesting station. To meet the requirements of cross-border regulatory compliance, the Company will have FAA certified local pilots at the demonstration site. This demonstration follows the introduction of the AERIEPORT announced by the Company in June of this year and the special flight operations certificate for the remote operation of a drone received by the Company and announced in August of this year. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, Latin America and most recently in Europe. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information 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 Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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 TSX Venture Exchange (“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 release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

September 01, 2022 07:42 AM Eastern Daylight Time

Image
Article thumbnail News Release

PCMA Announces Continued Nationwide Expansion With The Addition of North Carolina To Our Lending Footprint

PCMA

PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, announces the expansion of our Private Client services to the state of North Carolina – Company NMLS ID: 237710. The expansion of Private Client Lending into North Carolina highlights the extraordinary growth of PCMA and the continued growth in North Carolina’s luxury housing markets. “With both inflation and interest rates still rising, luxury real estate is an attractive hedge and a way to put your money to work”, says John R. Lynch, CEO and Founder of PCMA Private Client. “With so much in flux and all signs pointing towards a 10-year Treasury yield won’t surpass 3% by the end of 2022, luxury real estate acquisitions have become even more attractive.” PCMA Private Client understands the symbiotic relationship between wealth creations and real estate. According to a report produced The Institute for Luxury Home Marketing (ILHM), there has been an 180% increase in luxury property ownership over the past three years in North Carolina. The increase in Private Client wealth is in part due to a strong stock market, increased real estate prices and alternative lending solutions that circumvent the increasing rate environment. This has allowed Private Clients access to credit, fueling a strong real estate market across the state of North Carolina. “While the average home buyer continues to be hammered by the volatility in the mortgage rates, our Private Clients are not as impacted by the fluctuation in rates,” said Lynch. “Through asset-based lending and other bespoke lending solutions offered exclusively by PCMA, Private Clients can look past the tumultuous rate environment and focus on putting their money to work without risking long term investment strategies or paying all cash for a primary or secondary home.” PCMA’s expansion into the North Carolina market comes on the heels of both internal and external growth of the company and new subsidiaries. PCMA continues to experience an unprecedented growth of high-net-worth originations at a record pace throughout the first half of 2022 even in the face of rising interest rates. Continued growth has come with the addition of PCMA Capital Advisors and the expansion of direct and indirect origination channels. ABOUT PCMA PCMA is a vertically integrated Asset Origination and Convexity Management firm that specializes in Structured, Super Prime, Non-Agency, Private Client Credit. With its captive origination unit, PCMA has become the leading Non-Bank Private Client Lender in the U.S. What began as a linear venture has morphed into a vertical organization and industry leading incubator of ideas pushing the boundaries of innovation in high-capacity financial services. PCMA offers qualified individuals and institutions bespoke lending and advisory services across all major credit, and residential asset classes. PCMA is headquartered in Orange County, CA. Additional information is available at www.pcma.mortgage & www.pcma.us.com Forward-Looking Statements This release may contain “forward-looking statements,” which reflect the Company’s current views with respect to, among other things, its operations and financial performance. You can identify these statements by the use of words such as “outlook,” “anticipation”, “potential,” “continue,” “may,” “seek,” “approximately,” “predict,” “believe,” “expect,” “plan,” “intend,” “estimate”, “preparing” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would” and “could.” These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions which are difficult to predict. Therefore, current plans, anticipated actions, financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. The Company does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law Contact Details PCMA Private Client Jason Jepson +1 949-394-7033 jason.jepson@pcma.us.com Company Website https://pcma.partners

August 31, 2022 08:00 AM Eastern Daylight Time

Article thumbnail News Release

Volatus Aerospace Corp. Announces Record Second Quarter 2022 Sales of $6.6M and Provides Corporate Update

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company"), a global leader in the drone industry, is pleased to announce its financial results for the quarter ending June 30, 2022 ("Q2 2022"). The revenue increase in Q2 2022 was driven by strong organic growth, expansion into the defense segment, geographic expansion, and higher services and training revenue. The Company generated revenue of $11,437,421 in the first half of 2022. The first two quarters have seasonality for drone services and training, and the third quarter is expected to be the strongest in these segments. Key Financial Highlights: Revenue for Q2 2022 was $6,629,593, an increase of 38% over the previous quarter and a 95% increase over the same quarter prior year. Gross profit for Q2 2022 was $1,900,920 an increase of $943,968 over the same period in 2021. The increase in gross profit was due to scale in product and services activities. Volatus recorded a comprehensive loss of ($1,626,896). This was due to increased investment in human resources in the defense and integrated solutions segment, and increased advertisement and marketing expenses. The Company has experienced a gross margin of 29% representing an increase of 6% over the first quarter of 2022. Contributing to increased margins are revenue from product diversification, and higher margins from services and training. Notable Operational Accomplishments During the Quarter: Continued delivery of ISR (Intelligence, Surveillance, and Reconnaissance) Drones to Ukraine Addition of several ISR products for defense and public safety The strategic acquisition of Canadian Air National Inc., which performs aerial pipeline inspections Launch of Latin America joint venture Introduction of Volatus AERIEPORT, an autonomous drone nesting station Signed numerous partnerships with OEMs to diversify and commercialize product offerings Announcement of a commercial training agreement with Moose Cree First Nations Appointment of Lt. General (Ret’d) The Honorable Andrew Leslie to the Board of Directors "I am pleased with the continued progress of our team as they continue to execute our plan toward a sustainable and profitable future,” said Glen Lynch, CEO of Volatus Aerospace. “Our investments in the defense and public safety sectors are beginning to gain traction and the introduction of the AERIEPORT and other Volatus technology solutions will help drive higher margin sales in the future.” The condensed consolidated interim financial statements for the three months ended June 30, 2022, and associated management discussion and analysis, are available under the Company's profile on SEDAR at www.sedar.com. This news release is not in any way a substitute for reading those financial statements, including the notes to the financial statements. Webinar In conjunction with this release, Volatus investor relations will host a webinar on Tuesday, August 30 th at 4:30 PM EST at which time Glen Lynch, Chief Executive Officer, and Abhinav Singhvi, Chief Financial Officer, will review the quarterly results and major milestones with Rick Peterson, CEO of Peterson Capital, as moderator. Investors are invited to register for the webinar here. https://us06web.zoom.us/webinar/register/WN_DQE4_KNfR9CdqWJ4CEIkkQ Audio Replay Options An audio replay of the event will be archived on the Investor Relations page of the company's website here CORPORATE UPDATE The Brokered Private Placement Volatus is pleased to announce that it has engaged Echelon Wealth Partners Inc. (the “Lead Agent”) and Integral Wealth Securities Limited (“Integral”, and together with the Lead Agent, the “Agents”) on a commercially reasonable best efforts private placement for the sale of up to 1,388,888 units of the Company (the “Units”) in the Province of Quebec at a price of $0.36 per Unit (the “Offering Price”) for aggregate gross proceeds of up to $500,000 (the “Offering”). Each Unit will be comprised of one common share in the capital of the Company (each, a “Common Share”) and one common share purchase warrant (a “Warrant”), with each Warrant being exercisable to acquire one Common Share at a price of $0.50 per share for a period of 24 months following the issuance thereof. The proceeds derived from the sale of the Units will be used for (i) inventory purchases and increasing factory operations; (ii) R&D and capital expenditure, (iii) future acquisitions and (iv) and for working capital and general corporate purposes. In consideration of the services rendered by the Agents in connection with the Offering, the Company has agreed to pay to the Agents on the closing date a commission equal to 8% of the gross proceeds from the Offering. In addition, the Company will issue the Agents warrants (the “Agents’ Warrants”) to acquire that number of Units which is equal to 8.0% of the number of Units sold under the Offering, at an exercise price equal to the Offering Price. The compensation to the Agents on certain subscriptions on a president’s list of up to $500,000 shall be reduced to 3% Cash Commission and 3% Agents’ Warrants. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, Latin America and most recently in Europe. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information 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 Corporation; 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 Corporation 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 Corporation, 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 reflects the Corporation’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 impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation 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 Corporation 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. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 833-865-2887 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

August 29, 2022 04:30 PM Eastern Daylight Time

Image
Article thumbnail News Release

Talon Wall Holdings Files $150 Million Defamation Claim Against Reflection Window & Wall

Talon Wall Holdings, LLC

Talon Wall Holdings LLC and their related entities, Chicago Heights Glass Inc. and Entekk Group LTD, longstanding national leaders in commercial high-rise façade construction, recently filed a $150 million defamation counterclaim against Reflection Window & Wall, LLC (RWW) and its director of curtain wall, Joel J. Phelps, who formerly worked for Talon Wall. Talon Wall Holdings, LLC and the related entities had sued the defendants in 2021 for patent infringement, a case that has yet to be resolved. In the interim, RWW filed a lawsuit and published a press release that questioned the safety of Talon Wall®, a patented and revolutionary exterior aluminum and glass wall construction system for commercial buildings. Talon Wall Holdings LLC and the entities refute the RWW allegations and have filed the defamation claims in response. The counterclaim states that RWW “baselessly alleges that the Talon Wall System is not fire safe,” and “in an effort to compete through the courts rather than the marketplace” alleges that the Talon Wall entities committed “fraud.” The counterclaim calls the RWW allegations a “far-reaching and illogical conspiracy” and alleges that, in fact, the “Talon Wall System utilizes the same Window Wall Fire Safe Structure” as all the window wall systems that RWW and other façade manufacturers have been installing for decades, and which RWW has asserted “are known for exceeding fire safety objectives.” According to the counterclaim, “the Talon Wall System has been stringently evaluated by experts on fire safety through the process of approval for large projects throughout the country, and through third-party engineering judgments (including third-party fire testing).” The counterclaim further states that the “Talon Wall System meets or exceeds project specifications with class-leading thermal, structural, air, acoustic, seismic and water performance. It does not require field-applied acoustical, fire-safing insulation, mullion wraps, or fire sealant at floor slab interfaces. It does not require layout or presetting of unit anchors at mounting locations to floor slabs.” In fact, the Talon Wall System has been approved for use by multiple building departments for projects throughout North America, including in Chicago, New York, Denver, Toronto, Vancouver, San Francisco, Nashville, New Jersey, and Virginia, among others. It has also been awarded five United States patents. The counterclaim also alleges that RWW’s July 7, 2022, press release made numerous false statements about Chicago Heights Glass that constitute defamation, commercial disparagement, and slander. The claim further alleges that Phelps, now employed by RWW, breached his fiduciary duty to his former employer by disseminating confidential documents and that they “misquoted and misrepresented ASTM standards in an effort to scare monger and create suspicion when [they] knew that all test requirements were met and passed by the Talon Wall System.” The counterclaim attaches 26 certified engineering judgments and fire test reports for Talon Wall projects, which contradict RWW’s claims that Talon Wall is unsafe. A May 20, 2018, engineering judgment was actually directed to Phelps while he was employed by Entekk as its vice president. Phelps left Entekk in June 2020 to join RWW as its director of curtain wall. He helped RWW design a curtain wall system known as UWALL, which sparked the original patent infringement suit by Talon Wall. The counterclaim seeks damages of $150 million and asks the court to direct RWW and Phelps to retract all defamatory communications and false statements, enjoin them from making further defamatory statements, and disgorge profits from all unlawful activity. Chicago Heights Glass, Inc., a privately owned specialty subcontracting firm, and Entekk Group LTD, a privately owned specialty design and manufacturing firm, are both located in the southern Chicago suburbs and specialize in large commercial construction projects. More information on the company is available at www.chicagoheightsglass.com and www.entekk.com. The original patent infringement lawsuit and the recently filed counterclaim can be downloaded here and at www.LawsuitPressRelease.com. Contact Details LawsuitPressRelease.com John P. David +1 888-859-6637 john@LawsuitPressRelese.coom

August 25, 2022 01:52 PM Eastern Daylight Time

Article thumbnail News Release

American Equipment Holdings Expands Presence in Eastern United States Through Acquisition of Patriot Crane & Hoist

Rotunda Capital Partners LLC

American Equipment Holdings (“American Equipment”), a Rotunda Capital Partners portfolio company, has acquired Patriot Crane & Hoist (“Patriot Crane”), a leading provider of overhead crane maintenance, repair and overhaul (MRO) field services headquartered in Suwanee, Georgia, with operations throughout the Southeastern U.S. The acquisition of Patriot Crane marks the 11 th acquisition completed by American Equipment since partnering with Rotunda in May 2021. For nearly 20 years, Patriot Crane has been a leader in providing comprehensive overhead crane and hoist field service solutions in the most demanding customer environments, including repairs, inspection, and replacement parts, to customers across a diverse range of end markets throughout the Southeastern U.S. During this time, the team at Patriot Crane has distinguished itself with highly skilled overhead crane technicians and a proven customer-first mentality. Combined with American Equipment’s industry leading engineering and fabrication capabilities, technical expertise and best-in-class resources, this partnership enhances the value proposition for both existing and new customers from coast to coast. Patriot Crane will continue to be managed by Gregg Salyer and operate as a division of American Equipment. “The addition of Patriot Crane and their extensive east coast operations is a great win for customers,” said American Equipment CEO Adam Zimmerman. “Our goal at American Equipment has always been to provide a high-quality, one-stop-shop solution from coast to coast, and our partnership with the exceptional team at Patriot Crane is an integral step in delivering that benefit.” “I am thrilled about what this partnership means for Patriot Crane, both for our customers and our employees,” said Gregg Salyer, owner of Patriot Crane. “I believe in the vision that American Equipment has for this industry. The talent and resources supporting this organization create a value proposition like no other in our industry, which will greatly enhance the customer experience and provide meaningful career opportunities for our employees.” About American Equipment Holdings American Equipment Holdings is an organization of leading overhead crane and hoist distributors and field service providers, including American Equipment, Allied Crane, Eastern Crane & Hoist, Facilities Engineering, Kistler Crane & Hoist, Pacific Crane & Hoist, and Washington Crane & Hoist. The consolidated entity is one of the largest independently owned overhead crane and hoist solutions providers in the country, serving over 4,000 customers nationwide. Together, American Equipment Holdings companies provide comprehensive solutions for everything related to customers’ overhead crane and hoist needs, including OSHA mandated inspections, preventative maintenance and repair field services, parts, engineering, ISO certified fabrication, new and replacement equipment, automated systems, system modernizations and training. American Equipment Holdings represents the industry’s leading manufacturers such as Detroit Hoist, Columbus McKinnon, ACCO, R&M, Demag, Gorbel, Spanco, IMS, Harrington, Conductix, Magnetek & PE, among others, and customers rely on its service, design, engineering, fabrication, and installation capabilities to meet their unique application needs. American Equipment Holdings serves local, regional and national customers across a variety of end markets, including light & heavy industrial, automotive, mining, public utilities, military, aerospace & defense and energy, among others. For more information, visit www.amquipinc.com. American Equipment is aggressively seeking to acquire other overhead crane and material handling equipment, parts and service solution providers and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Ryan Aprill, Principal at Rotunda Capital Partners, regarding acquisition opportunities. About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial & business services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com. Contact Details Rotunda Capital Partners Jill Lafferty +1 847-280-1295 jill@rotundacapital.com Company Website https://www.rotundacapital.com

August 16, 2022 07:47 AM Eastern Daylight Time

1 ... 4950515253 ... 87