All Industries

ISC Reports Strong First Quarter Growth in 2024, Launches Five-Year Growth Strategy

Information Services Corp

ISC CEO Shawn Peters joined Steve Darling from Proactive to discuss the company's impressive financial performance in the first quarter of 2024, coinciding with the launch of its ambitious five-year growth plan. The company recorded a revenue of $56.4 million, marking a 15 percent increase compared to the first quarter of 2023. This growth is attributed to fee adjustments within the Saskatchewan Registries division implemented in the third quarter of 2023, as well as consistent customer and transaction growth in the Services’ Regulatory Solutions division and the advancement of project work on both existing and new solutions in the Technology Solutions division. Peters also highlighted that the Adjusted EBITDA for the quarter rose to $19.4 million, up from $14.5 million in the same period last year. This increase was primarily driven by the aforementioned fee adjustments in the Registry Operations’ Saskatchewan Registries division, in line with the Extension Agreement and annual CPI adjustments. Additionally, the Technology Solutions division saw an increase in its Adjusted EBITDA, which grew due to increased revenue from ongoing and new solution definition and implementation contracts. The Adjusted EBITDA margin significantly improved to 34.5 percent, up from 29.5 percent in the first quarter of 2023, reflecting the positive impact of the pricing strategies implemented. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 16, 2024 12:11 PM Eastern Daylight Time

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Recall.ai raises $10M to give any developer the ability to build AI meeting bots in days

Recall AI

Conversations are now the world’s largest dataset. Millions of hours of meetings happen everyday over video conferencing platforms, and hundreds of companies try to make sense of these meetings using AI-powered meeting bots that take months to build. Today, the universal API for meeting bots Recall.ai has announced a $10 million funding round to allow engineers to integrate with any meeting platform, including Zoom, Google Meet, Microsoft Teams, Slack Huddles, and even platforms with no API. This funding round comes hot on the heels of 10x growth over the past 12 months. The Series A funding round was led by Ridge Ventures with participation from Industry Ventures, Y Combinator, IrregEx, Bungalow Capital, Hack VC, and other existing investors. which will be used to scale Recall.ai’s product and team. This fresh investment brings the company’s total amount raised to over $12M, following a $2.7 million seed round in December 2022. It can take over one year for a team of specialist engineers to build the infrastructure and integrations required for even the most basic AI-powered meeting bots. After they’re built, companies face the bigger and more labor-intensive challenge of hosting and maintaining the infrastructure on hundreds of thousands of servers. In comparison, Recall.ai lets a single engineer get up and running with a meeting bot in a few days, even if they don’t have expertise in real-time video processing. This lets companies focus on building their core product while Recall.ai runs, monitors, and scales complex, real-time video infrastructure. "Recall has been a critical partner to us in rolling out Fellow.app's new AI copilot functionality which has been a huge hit with customers,” explained Aydin Mirzaee, CEO of Fellow.app. “We love working with Recall because they are focused on the infrastructure so that we can focus on what we're good at - solving meeting productivity for companies everywhere." Co-founders David Gu and Amanda Zhu launched Recall.ai as two important trends emerged: a worldwide shift to remote work, and advances in AI technology that simplified the processing of unstructured voice and video data. Gu and Zhu previously worked on a real-time transcription tool for video conferences, where the bulk of their engineering team’s effort was spent building and maintaining integrations with conferencing platforms. The duo realized companies building LLM tools to process data from virtual meetings today were running into the same integration and infrastructure hurdles they had already solved, and decided to start Recall.ai to enable the next generation of LLM-powered apps. Over the last 12 months, Recall.ai has grown 10x and today ingests millions of hours of video meeting data for more than 300 companies. Customers are currently using the platform to build powerful tools that leverage conversation intelligence for sales enablement discussions, productivity, customer success, financial advising, telehealth applications, and virtual depositions, among other use cases. Recently, Recall also partnered with Zoom to release an official Meeting Bot Starter Kit that generates a transcript, requests a meeting summary, and provides it to participants in near real-time. “Conversations are the world’s largest dataset,” said David Gu, co-founder at Recall.ai. “Large language models continue to unlock conversations in exciting ways, and the demand for developers to capture this data has never been higher. Every SaaS company in the world should be using conversations as a data source. Recall’s unified API makes it as easy as possible.” “Recall is on its way to becoming the de facto infrastructural layer for all enterprise-level conversational data,” added Akriti Dokania, Partner at Ridge Ventures. “Video and voice data will only become more central to software companies moving forward. Providing infrastructure API access is a hard problem to solve and enterprises don’t want to solve it in-house—Recall’s tremendous growth proves it ten times over. Most importantly, David and Amanda are an ideal founding duo: technically gifted, tenacious, wise beyond their years, and always willing to learn and grow.” With this new funding, the company is primed for the next phase of growth. The same way that AWS provided common infrastructure that every company building a web application would need as they scale, Recall.ai is setting out to provide the common infrastructure for every company who needs to access and apply AI to conversations. About Recall.ai Recall.ai provides a single API for accessing real-time meeting data from platforms like Zoom, Microsoft Teams, Google Meet, and more. Real-time meeting integrations require a lot of moving parts, so Recall.ai provides a unified framework that simplifies this process. Recall.ai makes it easy to trigger actions based on who is speaking, when people join or leave a meeting, and more, all with a single API for every platform which helps lower development time and upkeep costs. The API can be used with both audio and video streams, even for meeting platforms that do not have a publicly accessible API. About Ridge Ventures Founded in 2007, Ridge Ventures is a seed and early-stage venture capital firm investing in founders who are redefining how the world interacts with data and code. Ridge takes a fast, flexible, and founder-focused approach, and backs companies delivering advanced technologies, new distribution models, and incredible user experiences. Find out more at www.ridge.vc Contact Details Recall.ai Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.recall.ai/

May 16, 2024 09:00 AM Pacific Daylight Time

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News Release

Unusual Machines CEO Discusses Growth and Strategic Plans Post-IPO

Unusual Machines Inc

Unusual Machines CEO Allan Evans joined Steve Darling from Proactive to discuss the company’s origins and future plans. Emerging from the drone segment companies Rotary and Fat Shark, which were acquired from Red Cat Holdings after a successful IPO, Unusual Machines is now listed on the NYSE American, providing significant capital for expansion. Rotary, an e-commerce store with a strong YouTube following, generates $5 million in annual revenue and is growing by 20-30% annually. Fat Shark, a premium brand, focuses on high-quality products. Unusual Machines aims to further develop these brands by leveraging their established customer channels and diverse product offerings. The company is also targeting the defense sector, driven by initiatives such as the Chips Act, and aims to integrate drone supply chains within the US, inspired by Ukraine's successful use of drones. Unusual Machines seeks Blue UAS certification through collaboration with the Department of Defense, opening new opportunities with American companies. Upcoming initiatives include the Rotor Riot Rampage event and the launch of an American-made flight controller by June or July, which is expected to gain Blue UAS listing and subsequent US government orders. These developments are anticipated to have a significant impact by the fall. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 16, 2024 11:37 AM Eastern Daylight Time

Video

Nextech3D.ai Enhances Revenue Streams Through AI-Driven 3D Model Marketplace

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce significant enhancements to the company’s revenue streams through a strategic partnership with sister company Toggle3D. This collaboration introduces an innovative AI-driven marketplace featuring over 200,000 3D models, available for purchase in millions of colors and configurations, with prices ranging from $20 to $95 per model. Gappelberg explained that these models, which include a diverse array of 3D models, quad meshes, and parts, have been meticulously crafted over several years, generating millions in revenue for Nextech3D.ai. By leveraging Toggle3D.ai's advanced generative AI platform, Nextech3D.ai aims to significantly boost this revenue. The company expects a 30% royalty fee on sales through the Toggle3D.ai marketplace to further contribute to this growth. 3D models in e-commerce allow customers to visualize products in high detail from every angle, greatly enhancing decision-making confidence. This shift leads to higher conversion rates, as customers are more likely to purchase when they can thoroughly explore a product. Additionally, interactive 3D models increase customer engagement, keeping them on the site longer, which directly correlates with increased sales. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 16, 2024 10:46 AM Eastern Daylight Time

Video

Shareholder Warns Maker of Oreo That They are Endangering Their Brand

NLPC

Following the viral online ad it released about Oreo and its troubling partnership with LGBTQ advocacy group PFLAG, National Legal and Policy Center has published a follow-up video to promote a shareholder proposal it will present on May 22 at the annual meeting of Mondelez International, parent company of the cookie brand. NLPC’s resolution calls upon the multinational snack giant to scrutinize areas of risk where it has engaged in disturbing relationships with outside organizations, such as the one Oreo has with PFLAG. Other examples in the proposal cite Mondelez’s support for the Marxist, anti-law enforcement group Black Lives Matter Global Network Foundation, and the company’s partnership with the anti-Semitic UN Human Rights. “Mondelez is carelessly dashing through the consumer market dropping mines that very well could end up as tripwires for themselves,” said Paul Chesser, director of the Corporate Integrity Project for NLPC. “It’s not surprising since Chairman/CEO Dirk Van de Put also serves on the board of Anheuser Busch InBev, the company that self-inflicted the greatest brand destruction in many years last April with Bud Light.” As NLPC pointed out with its Oreo video released in February, PFLAG condones gender transition treatments for children as young as three years old, and battles to make sure books with explicit content are allowed in public schools and libraries. NLPC initiated its campaign to highlight the cookie-maker’s inappropriate relationship with PFLAG after it noticed the brand’s social media accounts – primarily on X (formerly Twitter) – were heavily populated with posts in support of PFLAG’s various narratives, causes and social advocacy. The new video released today calls attention to Mondelez’s alliances with BLM and UN Human Rights, as well as PFLAG. In a white paper filed with the Securities and Exchange Commission last month, NLPC also identified possible risky relationships the Chicago-based company has with organizations that include Human Rights Campaign, World Economic Forum, the World Health Organization, and others. The broader media is noticing the increasing criticisms of Corporate America’s fealty to the radical LGBTQ+ agenda that includes the sexualization of children. The Wall Street Journal last week reported on NLPC’s proposal for Mondelez, and last month the nonprofit corporate watchdog earned widespread coverage of its proposal at Disney, which sought equal treatment for employees who have been victimized by radical gender ideology. “The political winds have shifted from just a few years ago, yet Mondelez is still living in the past as if nothing has changed,” said NLPC Chairman Peter Flaherty. “Now that the extreme transgenderism push has inevitably progressed to endanger children, corporate involvement in social justice issues is more treacherous than ever. We urge Dirk Van de Put to wake up to the reality before it’s too late, or the consequences could be devastating.” ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

May 16, 2024 10:00 AM Eastern Daylight Time

ACTIVATE INTRODUCES INNOVATIVE GAMING EXPERIENCE FEATURING STATE-OF-THE-ART TECHNOLOGY TO CINCINNATIANS

Activate

Activate, the pioneering live-action gaming venue and viral sensation on TikTok, is excited to announce the grand opening of its first Ohio location opening in Cincinnati on May 31, 2024. The unique and dynamic venue promises an opportunity for guests to immerse themselves in the nationwide gaming phenomenon. Activate Cincinnati is located at 3103 Disney St., Cincinnati, OH, United States, 45209. Activate is transforming the gaming landscape, expanding its influence across the United States with 11 thriving locations and a momentum that shows no signs of slowing down. With a global player base exceeding 2.5 million, this exhilarating experience seamlessly merges state-of-the-art technology with thrilling challenges, offering an electrifying social escapade. "Opening our first location in Ohio fills us with immense excitement,” says Will Gray, Director of Marketing at Activate Games. “We're eager to bring the thrill of Activate to a new market, where we can engage and entertain even more adventurers. Get ready, Cincinnati, because an unforgettable experience awaits!” Activate Cincinnati’s new state-of-the-art gaming facility welcomes all ages and skill levels, encouraging players to explore and create their own unique gaming experience. Here’s what to expect: Guests can sign up in groups of two to five players Through progress tracking via Activate’s high-tech electronic RFID wristbands, players can rack up points, leveling up and earning prizes along the way. Top gaming rooms include the TikTok viral sensation Mega Grid with 500+ multi-activated rainbow-coloured tiles, blasting the beaming bullseye in a game called Strike, and feel like a modern day spy in the Laser room. Try Level 1 easy or take it to Level 10 extreme. Play as a team in cooperative mode, or challenge your friends in competitive mode games. In addition to Cincinnati, Activate can be found in major U.S. markets such as Houston, Plano, Chicago, Atlanta, and New Jersey. Additional Activate locations are set to open in 2024 across the U.S. in markets such as Charlotte, Kansas City, Columbus, and Detroit, along with internationally in the UK and UAE. Today, Activate operates over 30 locations across Canada and the U.S. PLAN YOUR VISIT Book in advance to save time and ensure a game room is available. Each game lasts 1-3 minutes. The full gaming experience lasts 75 minutes. Complete the safety waiver required for you to play in advance. Wear activewear and flat, closed-toe shoes. Age requirements: Children 10 and under require a paid adult with them at all times in gaming rooms. Children ages 11 to 13 must have an adult present at the facility. Where: 3103 Disney St, Cincinnati, OH, United States, 45209. When: Monday through Thursday, 10 a.m. to 10 p.m. | Friday through Saturday, 9 a.m. to 11 p.m. | Sunday, 9 a.m. to 10 p.m. Cost: Monday through Thursday, $24.99 | Friday through Sunday, $29.99 For a sneak peek into Activate’s action-packed gaming experience, and to keep tabs on the Activate Cincinnati grand opening, visit www.playactivate.com/cincinnati. Gift cards are now available for Activate Cincinnati, here. Use promo code CINCYPRESALE50 to receive 50% off before opening day. Join the Inner Circle to be the first to hear about new locations, behind-the-scenes information, deals, and more. As a thank you for signing up, Activate will extend 50% off your first booking, valid until June 17, 2024. Please find imagery assets here. Founded in 2019, Activate is a state-of-the-art gaming facility with locations across the United States and Canada. Each Activate location offers a variety of unique gaming rooms with over 700 levels for players to compete, earn stars, and track achievements online. Activate combines physical activity and gaming to create an immersive experience as part of a healthy lifestyle. To learn more about Activate, please visit https://playactivate.com. Follow Activate on Facebook at http://www.facebook.com/activategames and Instagram at https://www.instagram.com/activategames/. Contact Details Jalila Singerff +1 613-614-6777 jalila@jiveprdigital.com Company Website https://playactivate.com

May 16, 2024 09:07 AM Eastern Daylight Time

News Release

Babson College Announces Tuscany as the Venue for Babson Connect Worldwide 2025, the Leading Global Summit on Entrepreneurship

Babson College

Event designed to spark creativity, drive innovation, and foster networking among the world’s brightest minds in business Babson College announced that it will host its ninth Babson Connect Worldwide (BCW) conference in the picturesque Tuscan countryside of Italy, on March 27–29, 2025. The conference will take place at Castelfalfi, an alumni-owned five-star hotel that recently reopened after multi-million-dollar renovations that turned an 800-year-old abandoned village into an exquisite vacation destination. BCW is a renowned global event that convenes founders, executives, and emerging stars within the entrepreneurial sphere, along with Babson alumni, faculty, and students. The summit is a platform for exchanging knowledge and insights, enabling participants to excel in their entrepreneurial pursuits. “Babson Connect Worldwide is a vital component in our global effort to support and inspire entrepreneurial leaders to impact communities everywhere,” said Babson College President Stephen Spinelli Jr. MBA’92, PhD. “Babson alumni and friends around the world make us an everywhere institution, and BCW is the premier summit for our community of entrepreneurial leaders to recommit to lifelong learning and forge new and meaningful connections.” The summit agenda features keynote speeches and panel discussions with prominent leaders addressing the most pressing issues faced by today’s global entrepreneurial leaders. Babson’s distinguished faculty will lead executive education workshops designed to provide current insights and practical tools, equipping participants to navigate and excel in the rapidly evolving business landscape. The conference also offers attendees an immersive experience into Tuscan culture through planned excursions and signature after-hours events. The itinerary includes visits to iconic towns such as Siena, San Gimignano, and Volterra, and cultural activities like wine tastings, truffle hunting, scenic hikes, and bike rides. Additionally, a special “Green-Tie” gala is scheduled to take place in Florence. Set against the backdrop of a region renowned for its crucial role in the Renaissance, Tuscany is the perfect example of the transition from traditional business frameworks to modern entrepreneurial achievements. This setting highlights the enduring impact of innovation, creativity, and the human spirit and aligns with the summit's emphasis on pioneering business practices. Since its inception in 2015, BCW has served as a catalyst for uniting Babson’s extensive network of 45,000 alumni and friends from 129 countries. Registration will open in June 2024. Learn more about the event here. About Babson College Based in Wellesley, MA, Babson College specializes in providing a premier business education through a unique entrepreneurial lens to produce highly effective leaders across all industries. Babson College has been revolutionizing business education since its founding in 1919 and is credited as the creator of entrepreneurship education. With a world-class alumni network that includes some of the most impactful executives in organizations of all kinds, Babson College prepares and empowers its students to become entrepreneurial leaders who add sustainable, economic, and social value everywhere. For more information visit: http://babson.edu/

May 16, 2024 09:01 AM Eastern Daylight Time

HackaTRON Season 6 Submission Period Concludes with Notable Achievements

TRON DAO

Geneva, Switzerland, May 16, 2024 – TRON DAO proudly announces the completion of HackaTRON Season 6, a monumental season with a record 962 participants, co-hosted with HTX DAO, BitTorrent Chain, and JustLend DAO. This event not only showcased innovative blockchain projects but also highlighted the profound capabilities of the TRON network. Diverse Sponsorship and Expert Judgement This season's success was bolstered by a distinguished array of sponsors and expert judges, each bringing unique value and insight: Diamond Sponsors: Ankr - Specializing in decentralized infrastructure services for DApp development, Ankr supports the seamless integration and deployment of blockchain applications. Representing Ankr on the judging panel is: Ryan Fang, Co-Founder and COO: With a background in top-tier investment banking, Ryan is the co-founder and COO of Ankr. He brings extensive financial and operational expertise to the blockchain space, focusing on innovations in Web3 and NFT sectors. ChainGPT - Merges AI with blockchain to enhance Web3's accessibility. Judges from ChainGPT including: Ilan Rakhmanov, Founder & CEO: Known for his innovative approach to blending technology and business. Sharon Sciammas, CMO: Brings extensive tech marketing expertise. Max Martinez, Advisor: Provides invaluable insights into AI, FinTech, Blockchain, and Web3 innovations. AI-Tech Solidius - Champions eco-friendly computing and links AI with blockchain, promoting sustainable tech development. Judges from AI-Tech Solidius include: Paul Farhi, Founder & CEO: Leads with a vision for integrating AI within blockchain, driving the future of decentralized technologies. Niraj Poduval, Chief of Staff, brings over 11 years of AI and data consulting experience from sectors including Public Finance Banking. Adrian Stoica, Founder and Head of Technology and Development: Provides a deep tech perspective to evaluate the technical robustness of projects. Platinum Sponsor: Kima Network - A decentralized protocol for blockchain-based money transfers, enabling interchain transactions and accessibility for any user across any blockchain. Representing Kima Network on the judging panel are: Tomer Warschauer Nuni, CMO: Brings over 20 years of digital marketing expertise, with a deep focus on blockchain and Web3 innovations. Tomer is a serial entrepreneur with notable successes and a regular contributor to Forbes and Cointelegraph. Eitan Katz, CEO: With over 25 years of executive experience at tech giants like HP and BMC, Eitan is an early adopter of cryptocurrencies and was a founding member of Aegis, the first MPC-based bitcoin wallet. Gold Sponsor: GT-Protocol - Spearheading innovation in decentralized finance (DeFi), GT-Protocol offers a comprehensive suite of tools designed to enhance efficiency and transparency within the sector. GT-Protocol contributes their expertise to the competition through: Balaban Vladyslav, Co-founder: An avid blockchain advocate, investor, and entrepreneur with a futuristic vision. Balaban's leadership at GT-Protocol underscores his dedication to revolutionizing the DeFi landscape. Silver Sponsor: Router Protocol - Focused on cross-chain interoperability, Router Protocol empowers blockchain interactions and development through its innovative products. Joining the judges from Router Protocol is: Priyeshu Garg, Head of Marketing and Developer Relations: With a background in engineering and journalism, Priyeshu has been at the forefront of developing top-tier Web3 products since 2018, bringing a unique blend of technical expertise and market insights to the competition. Celebrating Industry Experts Our partners' diverse expertise significantly enhanced the integrity and innovation of HackaTRON Season 6: Huawei Cloud: Represented by Bian Wenchao, who is spearheading the charge towards a vibrant Web3 ecosystem. Blockchain.com: Matt Arney leads business development, bringing a dynamic approach to fostering startup growth within the blockchain space. ChainSecurity: Pietro Carta, a Blockchain Security Engineer, known for identifying and mitigating critical vulnerabilities. ChainAnalysis: Pablo Navarro, combines his Web3 experience with offensive security to enhance blockchain safety. Nansen: Edward Wilson, Social Media Manager, offers insights into on-chain data and DeFi from a user experience perspective. Into The Block: Nicolas Contasti, Head of Sales & Business Development, shares his experience from transforming the financial services industry. CryptoQuant: Ben Sizelove, Senior Data Consultant, provides top-notch on-chain and market data analytics. CryptoRank: Sergei Zubakov, a chief analyst with expertise in the DeFi sector, adds analytical prowess to the event. Arkham: Alexander Lerangis focuses on leading Arkham's partnerships, branding, and growth initiatives. A Successful Wrap-Up and Future Outlook The HackaTRON provided a platform for extensive networking and strategic collaborations, setting the stage for future innovations. With the judging phase set to commence, the contributions of the esteemed judges will be crucial in selecting the winners, who will be announced on May 30. These winners will receive 30% of the prize pool immediately, with the remaining awarded upon successful deployment on the TRON mainnet, reflecting TRON DAO’s commitment to supporting practical blockchain applications. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of January 2023, it has over 205.11 million total user accounts on the blockchain, more than 6.96 billion total transactions, and over $20.43 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/

May 16, 2024 09:00 AM Eastern Daylight Time

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Meritage Wealth Insurance Advisors Joins Forces with AmeriLife’s Saybrus Partners

AmeriLife

Saybrus Partners (“Saybrus”), a market leader in life and annuity distribution and an affiliate of AmeriLife Group, LLC (“AmeriLife”), announced today that it has entered into a partnership with Meritage Wealth Insurance Advisors (“Meritage”), a point-of-sale (POS) focused, national life insurance general agency that serves financial professionals across a spectrum of life, annuity, retirement, legacy and business/executive benefits planning solutions. Per the agreement, terms of the deal were not disclosed. “Meritage Wealth Insurance Advisors’ experience and success in the life insurance industry, sophisticated planning expertise, and strong operational capabilities make the firm an exciting complement to our business,” said Edward W. Cassidy, managing principal of Saybrus Partners. “I’m happy to welcome Meritage’s leadership team and employees to the Saybrus family, and look forward to our work together.” Founded in 2019 by a team of five industry veterans, Meritage has built a national reputation for expertly designed solutions and consistently exceeding expectations for the most sophisticated and complex client relationships. Among other capabilities, including point-of-sale support, Meritage’s full-service model offers access to advanced case design, deep carrier relationships and product options, and back-office and underwriting support. With over 100 years of combined experience, Meritage’s partners have built a company that is passionate about client service delivered through a high-touch, consultative approach that has helped the firm stand apart in the industry. “We are thrilled to be joining this industry-leading organization,” said Chuck Adam, one of Meritage’s founding partners. “Not only did we immediately connect with Saybrus’ culture and team, but the company’s strong track record, robust resources and long-standing relationships make it a great strategic fit for our firm.” Together with Saybrus, Meritage also becomes part of a fast-growing AmeriLife Wealth Group, a new kind of wealth distribution platform that aims to deliver a suite of best-in-class services to the modern agent and financial professional to ensure their clients – no matter their stage of life – never outgrow them. “Meritage brings all the components we look for in new wealth distribution partners and we’re thrilled to welcome them to the AmeriLife family of companies,” said Mike Vietri, Chief Distribution Officer for AmeriLife Wealth Group. “Indeed, Meritage is the perfect complement to Saybrus, and I have no doubt that – with the support of Ed and his team – Meritage will take an already stellar track record of growth and success to new heights.” Under Saybrus, the firm will continue to operate as a standalone company from its Cypress, Texas headquarters, led by its five founding partners who will report to Cassidy. ### About Meritage Wealth Insurance Advisors Meritage is a National Insurance General Agency with full support for client advisors managing important, sophisticated client relationships. Partnering with private and institutional practices, its team brings expertise in Family Planning, Legacy Planning, Retirement Planning and Business Planning. The firm’s comprehensive capabilities comprise point of sale consultation, advanced case design access, solutions from numerous life insurance carriers, high-end underwriting expertise and experienced case facilitation. For more information, visit www.meritagewia.com. About Saybrus Partners Saybrus Partners, LLC helps institutions and financial professionals address clients' needs with insurance and annuity solutions for basic protection as well as retirement, estate and business planning. Its partner firms include institutional financial advisories, insurance retailers, banks and broker/dealers. Customizing its services to best fit its partners' businesses, the company offers a complete set of distribution capabilities including assisted sales, traditional wholesaling, new business operations and custom product design. For more information, visit www.saybruspartners.com and follow Saybrus on LinkedIn. About AmeriLife AmeriLife’s strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. In doing so, AmeriLife has become recognized as the leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. For more than 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers served through a distribution network of over 300,000 insurance agents and financial professionals and more than 100 marketing organizations and insurance agency locations nationwide. For more information, visit AmeriLife.com, and follow AmeriLife on Facebook and LinkedIn. Contact Details Media Jeff Maldonado media@amerilife.com Partnership Inquiries Patrick Nichols corporatedevelopment@amerilife.com Company Website https://amerilife.com/

May 16, 2024 09:00 AM Eastern Daylight Time

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