Retail

Bridal Cosmetics E-Commerce Luxury Office Products Supply Chain Management
News Release Digital Asset Direct

Tribe WOD Founders Sue Factory 14 and Razor Group, Alleging Fraud and Breach of Contract

Tribe WOD

The founders of Tribe WOD, a prominent cross-training and fitness equipment manufacturer, have filed a lawsuit against brand aggregators Factory 14 and Razor Group, citing deceit, fraud, breach of contract, unfair and deceptive trade practices, and unjust enrichment, among other offenses. The lawsuit, filed in Massachusetts Superior Court, alleges that the defendants, Factory 14 and Razor Group, failed to fulfill promises made during the acquisition of Tribe WOD. Alleged breaches of the agreement include failure to make earn-out payments as well as failing to provide access to business records – all outlined in the acquisition contract. Originating from a humble Massachusetts garage, Tribe WOD founders Alexandre Vitet and Jared Bane built their company into a $2.5 million enterprise before selling it to Factory 14, which later resold it to Razor Group. Despite promises of global expansion, enhanced marketing, access to industry experts, and potential earn-out payments, the plaintiffs argue that the defendants neglected their commitments, substantially harming the company and disregarding U.S. laws and business practices. Tribe WOD, which launched in 2019, swiftly grew to over $2.5 million in sales in just a few months, establishing strong sales channels via Amazon, Shopify, and various online platforms. This success attracted several potential buyers, with Factory 14 standing out due to its promise of multiple payments tied to Tribe WOD's annual earnings through earn-outs. The lawsuit contends that shortly after the acquisition, Factory 14 sold the assets of Tribe WOD to Razor Group, bypassing an anti-assignment provision in the original agreement. It is alleged that Factory 14 knowingly withheld information regarding this potential transaction from the plaintiffs. According to the lawsuit, Vitet and Bane had doubled revenue year-over-year and had expected to, at a minimum, match that. The lawsuit states that based on the promises made during the courtship and due diligence phase, there were immediate red flags after signing the acquisition agreement, and the situation quickly spiraled downward. Moreover, the complaint asserts that both Factory 14 and Razor Group systematically dismantled Tribe WOD, dismissing in-house creative content specialists and neglecting basic operational necessities. According to the lawsuit, Factory 14 and Razor Group failed to comply with federal and state tax, wage, and import laws and otherwise mismanaged the business financially. The lawsuit also states that the defendants had no U.S. bank account or credit card and were unable to obtain either and thus were unable to pay any of the company’s bills. The lawsuit alleges that the failure to pay basic bills led to lost revenue and the ability to serve existing customers or expand to new markets. The plaintiffs claim that their consulting agreements were prematurely terminated and allege that income from Tribe WOD was siphoned off to other businesses. The lawsuit alleges that Factory 14 and Razor Group essentially turned a thriving brand built by the founders with a rabid customer following into an Amazon seller with no identity, and loaded with unnecessary fees. The lawsuit seeks compensatory and multiple damages and injunctive relief, compelling the defendants to provide accurate and complete financial data. Interestingly, Razor Group faces a similar lawsuit in Texas, as it is being sued by the founders of Kettlebell Kings in a case with similar allegations. On its website, Razor Group states that it is trusted by leading investors Blackrock, Victory Park Capital, and Fortress among others. The Tribe WOD lawsuit was filed in Massachusetts Superior Court by Garage Sweat, LLC f/k/a Tribe Wod, LLC, Jared Bane, and Alexandre Vitet against Factory 14 UK Acquisition IV, Ltd., Razor Group GMBH, and Razor Group USA, LLC. This case has been accepted into and will be litigated in the Business Litigation Session, a business-focused sub-department of the Massachusetts Superior Court sited in Boston, Suffolk County, Massachusetts. The lawsuit can be downloaded here and at LawsuitPressRelease.com. -end- Source: Garage Sweat, LLC f/k/a Tribe WOD, LLC Contact Details LawsuitPressRelease.com John P. David +1 888-859-6637 john@LawsuitPressRelease.com

June 26, 2023 11:01 AM Eastern Daylight Time

Spiceology and Over-The-Fire-Cooking Expert Derek Wolf Expand Line of Beer-Infused Spice Blends

Spiceology

Spiceology, the fast-growing spice company known for its innovative signature blends, has once again teamed up with over-the-fire-cooking expert and social media phenomenon, Derek Wolf ( @overthefirecooking ), to create new beer-infused barbeque blends. Packaged in the fan-favorite resealable beer cans, the Spiceology x Derek Wolf Beer-Infused Rub Collection now includes a total of ten flavor-packed rubs, all infused with perfectly paired beers. Now available for purchase, this new four-pack takes consumers on a road trip around the United States to celebrate some of Wolf’s favorite styles of barbeque, including odes to Memphis, East Carolina and West Texas. “Since first launching the beer-infused six-pack with Spiceology back in 2020, we both knew we wanted to expand the beer can line,” said Derek Wolf, Over The Fire Cooking. “Beer and barbeque have always gone together, and these blends offer new ways to experiment with those flavors. For these new blends, we specifically formulated each one with a protein in mind.” These beer-infused blends can be purchased as a four-pack or as individual cans, with plastic lids included: Sticky Bourbon Brown Ale ($14.95): Memphis-style with burnt sugar sweetness, bourbon notes, and a tiny amount of heat for balance. The blend is designed for pork but is also ideal for baked beans, sauces, grilled veggies, and compound butter. Sweet Carolina Blonde ($14.95): Inspired by eastern Carolina’s Mop Sauce, this beer-infused blend packs tang, sweet and heat all in one. Designed for pork and poultry, this blend also works for chicken, seafood, pasta, rice, and marinades. Smoked Garlic Jalapeño Lager ($14.95): Inspired by West Texas’ love of chile-based heat. This beer-infused flavor twist on a classic salt and pepper blend is made for beef, but works perfectly with pasta salad, dressings, marinades, roasted veggies, and more. Big Bad BBQ Ale ($14.95): An all-purpose BBQ blend with all of Derek’s favorite flavor profiles. This blend is made for anything and everything, especially smash burgers, beef, chicken, pork, vegetables, and seafood. “The original six-pack of beer-infused blends we formulated with Derek quickly became one of our most popular products and gift sets,” said Chef Tony Reed, Executive Director of Culinary. “For this round, Derek wanted classic BBQ rubs with his personal twist, and the addition of ingredients like cinnamon, cocoa, and of course, beer, brought these classic-style blends to the next level.” The blends can be found on Spiceology.com and are available in individual beer cans or as a set of all four. For more information, see here. ABOUT SPICEOLOGY Founded in 2013, Spiceology is on a mission to inspire experimentation and share in the joy of cooking and eating. The chef-owned and operated spice company’s ‘Periodic Table of Flavor’ spotlights innovative blends and over 300 ingredients that are ground fresh and shipped fresh. With Signature Blends like Greek Freak and Smoky Honey Habanero that have become pantry and counter staples in both professional and home cook kitchens around the world, Spiceology is at the heart of the kitchen for all who love food. Spiceology‘s ingredients and blends can be found in the aisles of retailers large and small, in the pantries of hundreds of thousands of home cooks, and in the kitchens of some of the world’s greatest chefs. Contact Details Spiceology Cassidy Levine +1 908-770-7880 cassidy@spiceology.com Company Website https://spiceology.com/

June 26, 2023 08:00 AM Eastern Daylight Time

Image

Revenue Management Solutions Announces Competitor Price Intelligence

Revenue Management Solutions

Revenue Management Solutions (RMS), a world leader in data-driven analytics and tech-enabled solutions for restaurants, has launched its Competitor Price Intelligence solution. The competitive price platform includes a proprietary Restaurant Price Index (RPI) that analyzes menu price evolution so users can benchmark pricing across as many as 170,000 quick-service, fast casual, casual dining and fine dining locations. For the first time, restaurant operators can access clean, validated monthly price change data from a simple dashboard interface, revealing insights into the increasingly competitive pricing landscape. Using a proprietary AI technology, the solution continually compares menu prices for all restaurant segments across 50-plus brands in all US states and select countries internationally. Revenue Management Solutions developed the solution to address clients’ most significant concerns. “RMS developed our Competitor Price Intelligence and RPI based on nearly 30 years of menu engineering and pricing strategy,” said RMS Chief Client Officer Bob Donofrio. “With data exclusive to the restaurant industry, operators have a meaningful snapshot of price direction accessible through an easy-to-use, cloud-based platform, with actionable insights to drive pricing strategies, revenue and profitability.” Competitor Price Intelligence is much more than a pricing data dump. Leveraged on RMS’ expertise and combined with the user’s input, the solution delivers pre-categorized, like-for-like menu item comparisons. The dashboard includes comprehensive pricing data for in-store and delivery prices in any US region or market and for major brands internationally using local currencies. Updated monthly, the insights and data timeliness are unmatched by third-party sellers. Additionally, users can: ● Define their competitor set and menu categories ● Compare prices across targeted segments and cuisine types ● Easily tag and compare by location ● Filter by geography and menu category ● Understand how an item is priced ● Track industry and competitor pricing activity over time As mounting costs and inflation pressure the industry, RMS is previewing its Price Map insights with a monthly heatmap featuring the latest average prices for burgers, chicken sandwiches and pizza across all US states. “We asked the world’s leading restaurant brands, through client feedback and focus groups, what they needed to succeed in today’s highly charged environment,” said RMS CEO John Oakes. “The overwhelming answer was competitor pricing data. Timely data wasn’t accessible, and operators didn’t have the staff to make sense of it. Our Competitor Price Intelligence will change that.” Access the free Price Map or learn more about Competitor Price Intelligence at revenuemanage.com. ### About Revenue Management Solutions Revenue Management Solutions (RMS) is committed to supporting restaurants through these ever-changing times. Today, more than 50 major brands in 40-plus countries trust RMS. Its data-driven analytics and tech-enabled solutions optimize sales, menus and a brand’s financial health. RMS provides actionable insights to more than 100,000 restaurant locations worldwide to help them make informed business decisions that drive profitability and combat inflation and rising wages. The company holds five US patents on menu pricing and customer segmentation and supports ongoing academic research efforts. For more information on how RMS helps its clients, visit revenuemanage.com. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Company Website https://www.revenuemanage.com

June 21, 2023 08:15 AM Eastern Daylight Time

Image

Minuteman Press Franchise in Huntersville, NC Has Grand Opening for Brand New Location

Minuteman Press International Inc

Neha Katrodia is the owner of the brand new Minuteman Press design, marketing, and printing franchise located at 9606 Sherrill Estates Rd., Suite A, Huntersville, NC 28078. After opening their doors in March of 2023, Minuteman Press in Huntersville held their official grand opening and ribbon-cutting ceremony on Friday, June 2, 2023. The event was hosted by the Lake Norman Chamber of Commerce and was attended by Huntersville Commissioner Dan Boone. Neha shares, “The Huntersville community has been very welcoming and interested in learning more about our business. I'm so thankful to everyone who came to support us during the grand opening and showed interest in growing together.” She continues, “Owning my own business means taking on my father's path to becoming an entrepreneur. Most importantly, I feel a sense of personal fulfillment and I look forward to seeing this new venture grow and succeed while helping other local businesses with all of their printing and promotional needs.” Joining Neha in the business are two key staff members: Denis Vargas, graphic designer/production; as well as Neha’s husband Mehul Katrodia, marketing agent. While Denis provides clients with custom creative designs and a sharp eye for details, Mehul manages the marketing side including Google and social media accounts. Neha, meanwhile, has already jumped into several networking groups to become active in the community, including the Lake Norman Chamber of Commerce as well as the Huntersville BNI group. She says, “I feel it’s important to get out there and engage with clients in person and also market our business online. Once clients come to us, we enjoy working with them to bring their visions to life and delivery high quality products and service. Our staff is ready and willing to welcome clients to Minuteman Press in Huntersville with open arms.” Prior to buying the business, Neha always had wanted to follow in her father’s footsteps and become her own boss. She explains, “I have a healthcare and medical billing background; however, I grew up in the business environment. My father has been a businessman from my early childhood years and has owned various businesses from then to now. I also helped him run some of them due to the language barrier he had at times.” Neha further shares why she chose to own a Minuteman Press franchise, stating: “The continuous local support that Minuteman Press offers is amazing; The B2B hours of operation allow me to balance my business and personal lives; Minuteman Press allows me to follow my passion for creating something so unique with every project or job.” She adds, “The training program was extremely informative and allowed me to feel confident in front of clients. Now, the local support to lean on here in my region has been so helpful with advice and guidance on unique projects. We also use the Minuteman Press FLEX software made available to us as a key marketing tool for growth.” Following the successful grand opening, Neha is excited for the future of her new business. She concludes, “At Minuteman Press, we love working with other local businesses and organizations. I look forward to supporting them with our personalized products and services as we are all in this together.” Minuteman Press in Huntersville is located at 9606 Sherrill Estates Rd., Suite A, Huntersville, NC 28078. For more information, call 704-594-8699 or visit their website: https://minuteman.com/us/locations/nc/huntersville/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

June 20, 2023 10:00 AM Eastern Daylight Time

Image

Fine Hygienic Holding Sets World Record Speed on Tissue Machine at Abu Dhabi Mill

Fine Hygienic Holding

Fine Hygienic Holding, one of the world’s leading manufacturers of high-quality hygiene products and the MENA region’s largest paper producer, has made history after setting a new record-breaking pace of productivity at its Al Nakheel Paper Mill in Abu Dhabi. The mill set a world record related to production speed on its tissue machine manufacturing 13.2 grams per square-meter (gsm) at 2,222 meter per minute for 24 hours – running with an efficiency rate of 96.5 per cent. The achievement was made possible due a combination of factors, including the exceptional capabilities of the team, a steadfast ‘run-to-target’ culture, and the Valmet Advantage DCT Tissue Technology. FHH has always been committed to delivering consistent and superior quality and quantity, and the new world speed record showcases the company’s dedication to pushing boundaries to the limit in combination with achieving excellence. The Advantage DCT technology seamlessly integrates the specific needs of tissue makers with extensive technical expertise and application know-how, culminating in a state-of-the-art tissue-making process. The advanced technology ensures efficient production of high-quality tissue products, using virgin pulp with exceptional efficiency. Wolfgang Lied, Chief of Operations, Product Development, and Engineering at Fine Hygienic Holding, expressed immense pride in the achievement: “I am very proud of this extraordinary performance – simply fabulous. To achieve a world record demands two major things: A world class team and world class equipment. The team showed that a dream can come true when you are focused, engaged, passionate, and skilled.” Samir Masoud, UAE Supply Chain Director at Fine Hygienic Holding, highlighted the instrumental role played by the machine: “The Advantage DCT machine has performed in a very stable and reliable manner during the journey to gear up the machine speed from normal 2,000 meter per minute to where we are today. The fact this great achievement was reached with 96.5 per cent efficiency is just amazing.” The record-breaking achievement was made possible due to the leadership of Khalil Shorbaji, Al Nakheel’s Operation Manager, and Abdelhadi Alhader, Al Nakheel’s Technical Manager. It took place on an Advantage DCT 200 machine, a tissue production line with a design speed of 2,200 m/min. The machine measures 5.6m in width and incorporates stock preparation systems and auxiliary equipment. The Al Nakheel mill in Abu Dhabi has now established a new benchmark for high-speed production and efficiency. Known for its ability to produce conventional tissues in cost- and energy-efficient ways, the Advantage DCT concept has become a world standard to produce conventional tissue paper. It offers sustainable production of high tissue quality with low energy and water consumption, as well as high efficiency and reliability at low operational costs. The concept is available in various models and sizes to meet specific production demands. The world record follows FHH’s recent achievement of receiving the Excellence in Sustainability Environmental Certificate from CHEP, a global provider of supply chain solutions. This recognition is testament to the company’s significant efforts towards sustainable practices and minimising its environmental impact. Fine Hygienic Holding (FHH), one of the world’s leading wellness groups and MENA’s leading manufacturer of hygienic products, serves consumers in more than 80 countries around the world. Originally established as a paper manufacturer, FHH has transformed into a wellness company dedicated to enhancing global health and wellbeing. Fine Hygienic Holding offers a diverse array of award-winning products, including sterilized facial tissues, napkins, kitchen towels, toilet paper, baby diapers, adult briefs, and jumbo rolls. It also offers away-from-home products to accommodate all types of private and public institutions in addition to its long-lasting germ protection solutions. FHH also brings innovative nutritional supplements and longevity drinks including eon and Motiva to the market. Contact Details FINE HYGIENIC HOLDING Pragati Malik +971 54 531 5575 pragati.m@actionprgroup.com Company Website https://www.finehh.com/

June 20, 2023 08:59 AM Eastern Daylight Time

Image

From Concern to Action: New Research Reveals Consumers Prioritize Forests in Sustainable Shopping

Forest Stewardship Council (FSC)

The Forest Stewardship Council (FSC) commissioned IPSOS to carry out one of the world’s biggest consumer studies of its kind, surveying 26,800 consumers across 33 countries. It provides new insights into what consumers are concerned about, who they trust to address these concerns, and how they are acting individually through their purchases to affect change. The study reveals that biodiversity loss, climate change, and deforestation are persistent top concerns for forests among people. While ongoing global economic instability and conflict appear to have shifted consumer priorities, issues relating to the environment have not fallen off the radar. When it comes to forests in particular, consumers’ connection to biodiversity is strong, with biodiversity loss being a top forest concern in most countries sampled in Europe and the Americas. In countries where local forestry issues are prevalent, concerns about them are reflected in the results. This indicates that the impacts of climate change are increasingly felt on the ground in events like floodings in Indonesia or wildfires in Spain and the USA. One of the ways in which consumers are addressing their forest concerns is through their purchasing decisions. Nearly three quarters (71%) claim they would rather choose products that do not damage plants and animals while nearly two thirds (63%) try to buy products packaged with renewable materials. Almost as many (59%) prefer to choose products that do not contribute to the climate crisis. Consumers place more trust in independent certification than businesses and governments When it comes to protecting forests, consumers currently put the highest trust in independent and credible certification systems and environmental NGOs, where most have high or moderate confidence in certification labels to ensure that forests are protected. On the other hand, half (49%) of the consumers surveyed have little to no confidence in government bodies to protect forests. FSC is the most recognized and trusted forest certification worldwide Across 33 countries globally, nearly half (46%) of consumers surveyed recognize the FSC logo; higher than any other forest certification system tested. Recognition is highest among 18 to 24 year-olds. FSC is especially well recognized in China, UK, Germany, Brazil, Italy, and Denmark. Similarly, over three quarters of consumers (77%) show moderate to high levels of confidence in FSC to protect forests, which is considerably higher than in governments or businesses[1]. And even though economic hardship is the top global concern, half of consumers who recognize FSC claim to be willing to pay more for a product if it is FSC-certified. This trust extends to brands that choose FSC, with most consumers (80%) saying they are more likely to trust a brand if it offers FSC-certified products. Being part of FSC means striving for better. Companies and products that carry the label have a shared commitment across all operations to protect forests for future generations. FSC provides organizations and consumers worldwide with the confirmation that the forest products they buy and sell come from responsibly managed forests that meet strict environmental, social and economic standards. ### Key takeaways 71% of consumers claim they prefer to choose products that do not damage plants and animals. 66% expect companies to ensure that the wood/paper products and packaging they sell are not contributing to deforestation. 64% expect information about sustainability on products should be certified by an independent organization. 63% claim they try to buy products packaged with renewable materials such as paper instead of plastic. 62% believe that they can help protect forests by purchasing products that have been certified by an independent organization. About the Forest Stewardship Council™ (FSC®) FSC is a non-profit organization that provides a proven responsible forest management solution. It is widely regarded as the most rigorous forest certification system among NGOs, consumers, and businesses alike to tackle today’s deforestation, climate, and biodiversity challenges. The FSC forest management standard is based on ten core principles designed to address a broad range of environmental, social and economic factors. FSC’s “check tree” label is found on millions of forest-based products and verifies that they are sustainably sourced, from forest to consumer. www.fsc.org. Abou IPSOS IPSOS is the third largest market research company in the world, present in 90 markets and employing more than 18,000 people. “Game Changers” – our tagline – summarizes our ambition to help our 5,000 clients to navigate more easily our deeply changing world. www.ipsos.com [1] Businesses only includes companies that make/sell wood/paper products and packaging. Contact Details Forest Stewardship Council Dania Musa media@fsc.org Company Website http://www.fsc.org/

June 20, 2023 02:00 AM Eastern Daylight Time

Claravine Acquires AI-Powered Content Classification Company Netra

Claravine

Claravine, The Data Standards Company, has acquired Netra, Inc, a content classification company powered by artificial intelligence. With the addition of Netra, Claravine’s platform, The Data Standards Cloud, is able to analyze, extract and search metadata from videos and images, adding to Claravine’s core strengths of standardizing data at the source and producing high quality and actionable data that is ready for use and analysis upon creation. This latest acquisition supports Claravine’s goal of taking the drama out of marketing data by putting AI in the hands of marketing teams for data classification across text, creative, audio, and video assets - which are growing dramatically with the rise of generative AI platforms. Founded by MIT alumni and born out of MIT Computer Science & Artificial Intelligence Laboratory research, Netra is a Boston-based automated content comprehension platform that provides context and brand safety for video and image-based content using computer vision and artificial intelligence. Netra offers a series of APIs – including Content, Search & Similarity, Livestream and Creative – to data scientists, developers and product teams to unlock the intelligence within video, image, and text content and systematically provision a consistent data taxonomy across a business's multiple use cases. Netra's customers include online video platforms, SSPs, media owners, CTV vendors, Data and AI platforms. “The rapid adoption of AI solutions like OpenAI or Adobe Firefly is accelerating the creation of digital experiences. This explosion of digital assets and creative is creating significant challenges for operations teams – meaning the metadata is often not being categorized in a standardized way which limits the time to leverage data for decisions,” said Verl Allen, CEO of Claravine. "We are excited to accelerate the automation of data standards for marketing, operations and creative teams with Netra’s AI content engine. Our common goal of helping create a shared understanding of data is only possible by being able to control your data standards across the teams and various technology systems. We are also thrilled to welcome Netra’s team to the Claravine family and apply their ingenuity and expertise to advance our platform, The Data Standards Cloud, via AI and automation.” Claravine empowers a proactive approach to marketing measurement by activating data standards across people and technology – bridging the silos to accelerate business decisions across experiences. Used by Fortune 1000 companies such as Carhartt and Under Armour, Claravine’s collaborative user interface and strategic integrations with top marketing and advertising platforms enables global organizations to define, apply and connect standards across their ecosystem for faster decisions, greater agility and increased return-on-investment for their digital advertising dollars. “We’re excited for the opportunity to work alongside Claravine’s expert team of data integrity pioneers and advance their mission of taking the drama out of data and applying data standards at the source of creation. Our ability to integrate the Netra capabilities into The Data Standards Cloud enables teams to more easily solve key data quality challenges. AI and automation have a big role to play, and the Netra team is eager to assist in growing Claravine’s product offering and further expanding Netra’s products and capabilities,” said Amit Phansalkar, CEO at Netra. About Claravine Claravine is The Data Standards Company aiming to give people, teams and technology a shared understanding of their data. Claravine helps brands and agencies deliver on the promise of modern marketing by standardizing taxonomies, naming conventions, and metadata across all digital experiences at the source of data creation. The Data Standards Cloud empowers a proactive approach to marketing metadata naming conventions and taxonomy for fast, accurate and rich business insights that help deliver the experiences customers want. Claravine partners with a quarter of the Fortune 100 to define, apply and connect standards across their ecosystem for faster decisions, greater agility, and increased ROI. Recently, Claravine has been named for the second consecutive time to AdExchanger’s Programmatic Power Players list, as well as awarded the 2022 AdExchanger Award for Best Data Technology. Claravine was also named a cool vendor in the 2022 Gartner Cool Vendors in Marketing Data and Analytics report. For more information, visit www.claravine.com. Contact Details Kite Hill PR Michael Kocher +1 704-960-2295 michael@kitehillpr.com Company Website https://www.claravine.com/

June 16, 2023 08:00 AM Eastern Daylight Time

TalkMarkets Announces Company Spotlight Featuring Adamas One

TalkMarkets on JEWL

TalkMarkets.com announces a company spotlight series featuring Adamas One (NASDAQ: JEWL ), a leading producer of lab-grown diamonds. The article is titled “ Investing in Luxury: Adamas One Unlocks the Potential for Lab-Grown Diamonds ”. Key Highlights include: 1. Rapidly Growing Market: Lab-grown diamonds currently represent over 42% of diamond sales in the US market and growing. 2. Scalable Production: Adamas One's production capacity is set to reach a $12 million sales run rate this year, with plans for further expansion. 3. Favorable Economics: The expansion is expected to yield gross margins of 70%+ and EBITDA margins of 50%+ when completed. 4. Overcoming Hurdles: Adamas One acknowledges the challenges it must overcome, including improving the turnaround time for cutting and polishing, arranging financing for capacity expansion, expanding marketing efforts, and facing competition in the grown-diamond market. 5. Technology: Adamas One's lab-grown diamonds are indistinguishable from mined diamonds in terms of optical, physical, and chemical properties. The company's CVD (Chemical Vapor Deposition) process produces high-quality diamonds with low levels of impurities, making them suitable for both industrial and jewelry applications. 6. Market Trends: Lab-grown diamonds are experiencing substantial growth in the jewelry market, with unit sales up 57.6% and value sales up 37.2% year-over-year. While lab-grown diamonds have yet to catch up with natural diamonds in terms of value, their lower retail prices and environmental benefits contribute to their increasing popularity. 7. Competitive Advantage: Adamas One competes favorably against HPHT (high pressure, high temperature) produced diamonds, offering advantages in batch size cost, color quality, and clarity. The company's focus on large single-crystal diamonds sets it apart from competitors. 8. Scalability and Finances: The company's proprietary production technology is highly scalable, and plans for expansion have been strategically laid out. Adamas One aims to finance future growth primarily through cash flow generated by its existing facility. Read the first article in the series here. Originallay published at TalkMakets.com. TalkMarkets is a financial site that customizes, optimizes, and socializes content to ensure a personalized experience. For more information, please visit www.TalkMarkets.com Contact Details TalkMarkets www.TalkMarketss.com ir@talkmarkets.com

June 14, 2023 05:38 PM Eastern Daylight Time

News Release

Givex details which events and catalysts could impact company earnings for 2023

Givex Corp

As a part of Proactive's Frequently Asked Questions series, Givex CEO Don Gray joins Natalie Stoberman from the Proactive studio to discuss what kinds of events are in progress that could impact company earnings. Givex provides merchants with customer engagement, point of sale and payment solutions, all in a single platform. The company is integrated with over a thousand technology partners on a fully end-to-end solution that delivers customer insights from over 118,000 active locations across more than 100 countries. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

June 14, 2023 01:11 PM Eastern Daylight Time

Video

1 ... 116 117 118 119 120 ... 244