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Apple Rush Company, Inc. Announces Addition of Packing Equipment to Lena Brewery Equipment will expand capacity at Lena to our announced 500,000 can/month projection

Apple Rush Company, Inc.

- Apple Rush Company, Inc. (OTCpink:APRU), a leading player in the functional beverage industry, announces delivery of equipment for major expansion of brewing operations. Lena Brewing has received its case shrink pack tunnel and inline carbonation system required to push production limits to our stated projections. With the addition of approximately 5000 sf of space, a semi dock, and this new equipment, Lena is well on its way to meeting its production goals. CEO of APRU, Tony Torgerud, states, “I have never felt better of our opportunities in the functional beverage sector. We will be able to deliver on our stated goals for revenues in 2025 and be able to officially relaunch Apple Rush, officially launch Hard Rush, and leverage our Element Brands portfolio with a complete line of botanical beverages. We will be announcing some new R&D projects and some additional financing arrangements that we have been working on for the past few months.” Ross Vehmeier, President of Lena Brewing, said, “It has taken us a while to get to this point, but we are excited about the direction we are going. I believe we are going to surpass all of our expectation over the coming years with our state of the art facility.” Tony continued, “We have been working with additional partners to make this happen and our plans are to grow as fast as the market will allow. We appreciate all of our stakeholders and can’t wait to release additional information on our progress.” About The Apple Rush Company, Inc. The Apple Rush Company, Inc., through its subsidiary APRU, LLC, is a distributor of CPG products under the trademarked Apple Rush brand, Element brand and other labels. The Apple Rush brand has more than 50 years of existence in the natural beverage industry. As a historical leader in the organic and natural beverage sector our goal is to now become a leader in the distribution of anhydrous hemp oil products nationwide. For more information, please go to www.aprubrands.com, www.element-brands.com, elementk.kratomwave.store www.alkhemicalroots.com with our expanded product portfolio. Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. For media inquiries, please contact: Investor Relations Contact: Tony Torgerud; 888-741-3777 x 2 www.aprubrands.com Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. Contact Details Tony Torgerud +1 888-741-3777 dtorgerud@aprullc.com Company Website http://www.aprubrands.com

August 15, 2024 09:30 AM Eastern Daylight Time

USA Financial Partners with AmeriLife to Enhance Opportunities for Independent Financial Professionals

AmeriLife

AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that it has partnered with USA Financial, a national wealth management firm with three registered investment advisers (RIAs), a registered broker-dealer, and a national field marketing organization (FMO) that supports its independent financial professionals and their investors. Per the agreement, terms of the deal were not disclosed. “We couldn’t be more thrilled to partner with AmeriLife as we head into the next era of USA Financial,” said Mike Walters, Chief Executive Officer of USA Financial. “We look forward to the new doors that this partnership will open to enhance the opportunities we can bring to the table for the financial professionals and investors we serve.” Founded in 1988 on the philosophy “plan first, invest second,” USA Financial has grown to include five distinct, subsidiary companies – USA Financial Exchange; USA Financial Formulas, USA Financial Securities, USA Financial Insurance Services, and USA Financial Advisor Advancement. Together, they deliver a comprehensive suite of products and solutions that are designed to help independent financial professionals grow their businesses, make their practices more predictable, and deliver more for their clients. A five-time Inc. 5000 honoree that has been led by the same ownership team for more than three decades, USA Financial’s longevity and success stands as a testament to its carefully crafted approach to wealth management, financial planning, integrated technology, and operational excellence. Now, as it partners with AmeriLife Wealth Group, it will have expanded access to top-flight insights, tools, and resources to further empower its affiliated financial professionals and help them take their businesses to new heights. “Bringing on an insurance-first, registered broker-dealer like USA Financial and its diversity of offerings opens up endless opportunities for our platform,” said Mike Vietri, Chief Distribution Officer of AmeriLife Wealth Group. “I look forward to working with Mike and his incredible team to further our ambitions to be the holistic, ‘integrator of choice’ for the modern financial professional.” Houlihan Lokey acted as the exclusive financial advisor to USA Financial in connection with the transaction. ### About USA Financial USA Financial is a comprehensive financial services institution, focused on providing advisors with the tools required to make solid recommendations and to empower clients to make educated and informed financial decisions. To learn more about USA Financial, please visit USAFinancial.com. 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 a 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 advisors and 120 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/

August 15, 2024 09:00 AM Eastern Daylight Time

Benchmark International Unveils the 2024 Global Roofing Industry Report

Benchmark International

Benchmark International, the leading middle market mergers and acquisitions firm, has unveiled its 2024 Global Roofing Industry Report. The comprehensive report offers an in-depth analysis of the current trends, challenges, and opportunities within the global roofing industry, providing crucial insights for business owners, investors, and industry professionals. With the roofing industry undergoing significant transformation due to advancements in materials, environmental regulations, and the growing demand for sustainable solutions, Benchmark International's report serves as an essential resource for stakeholders looking to navigate this dynamic landscape. The report highlights key growth drivers, emerging market opportunities, and the impact of economic conditions on the industry. Key insights from the 2024 Global Roofing Industry Report include: Market Growth: The report forecasts steady growth in the global roofing market, driven by increasing construction activities, urbanization, and the rise in green building practices. Sustainability Trends: There is a growing emphasis on eco-friendly and energy-efficient roofing solutions, with sustainable materials and practices gaining traction across various regions. Technological Advancements: Innovations in roofing materials, including the adoption of smart roofing systems and the integration of renewable energy solutions, are set to reshape the industry. Regulatory Impact: Stringent environmental regulations and building codes are influencing roofing practices worldwide, necessitating greater compliance and adaptation by industry players. M&A Activity: The report notes a surge in mergers and acquisitions within the roofing sector as companies seek to expand their market presence, diversify their offerings, and leverage synergies. The report is available on Benchmark International's website and is part of the firm's ongoing commitment to providing industry-leading insights and guidance to its clients. For more information and to access the full 2024 Global Roofing Industry Report, please visit: https://www.benchmarkintl.com/insights/2024-global-roofing-industry-report/ ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

August 15, 2024 09:00 AM Eastern Daylight Time

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News Direct Emphasizes the Data Security Advantages of Its Digital News Distribution Platform

News Direct

Contact Details News Direct Corp. Media at News Direct martha.pearlstone@newsdirect.com Company Website http://www.newsdirect.com

August 15, 2024 09:00 AM Eastern Daylight Time

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Forum Health, Top Healthcare Network, Earns Inc. 5000 Honors Again, Boasting 286% Revenue Growth

Forum Health

Forum Health, LLC, a premier nationwide provider of personalized integrative healthcare, is thrilled to announce its recognition on the Inc. 5000 list of America’s Fastest Growing Companies for the second consecutive year. Securing a ranking of #1829 overall and #137 within the healthcare sector, Forum Health’s growth is driven by surging consumer demand for innovative solutions, pioneering medical treatments, and the acquisition of top-tier industry talent. Explore Forum Health's medical specialties and services here. From medical weight loss and hormone therapy to managing chronic illnesses, sexual dysfunction, digestive disorders, and mental wellbeing, Forum Health offers highly effective, individualized medicine to meet the evolving needs of those seeking holistic care. Phil Hagerman, Forum Health CEO: “Consumers are demanding more from healthcare. They want to optimize their health with a personal approach that uncovers the root causes of their symptoms so they can lead longer, healthier lives. Our repeat recognition on the Inc. 5000 list signifies our success in this endeavor. We’re committed to redefining healthcare through personalized medicine, advanced technologies, and anti-aging strategies to enhance vitality and overall well-being.” Forum Health achieved a remarkable 286% revenue growth from 2020 to 2023, expanding to 37 clinics across 13 states in all major regions of the U.S. with over 500 dedicated employees. This significant growth highlights the company’s successful acquisition strategy and commitment to providing exceptional healthcare services. Adam Puttkammer, Forum Health President: “Earning a spot again on the Inc. 5000 list reflects the trust consumers have in our approach to healthcare and our ability to attract and retain top healthcare talent. This not only drives innovation and improves patient outcomes, but also solidifies our position as a leader in integrative and functional medicine.” About Forum Health, LLC Forum Health, LLC is a nationwide provider of personalized healthcare steeped in the principles of functional and integrative medicine. Our providers take a root-cause approach to care exploring lifestyle, environment, and genetics with advanced treatments and cutting-edge technology, care plans informed by data analytics and collaborative relationships to help patients achieve their health goals. The company has three major divisions: Forum Health, LLC, which represents our medical practices, Power2Practice, our EMR, data and technology-focused division and Inwell Biosciences LLC, our professional-grade dietary supplements. Learn more at www.forumhealth.com. About Inc. 5000 Inc. Business Media is the leading multimedia brand for entrepreneurs to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters creating our future. Its proprietary Inc. 5000 list analyzes company data to rank the fastest-growing privately held businesses in the U.S. Visit www.inc.com. Contact Details Heather Spangler hspangler@forumhealth.com Company Website https://forumhealth.com

August 15, 2024 08:50 AM Eastern Daylight Time

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Pilotless Planes Are Coming, But Not Just Yet, Says New Horizon Aircraft CEO

Benzinga

By James Blacker, Benzinga Autonomous vehicles have captured the imagination of consumers in recent years. With billions of dollars invested into making driverless cars a reality, companies like Tesla (NASDAQ: TSLA) have taken the lead in pushing this technology forward. What many don’t know, however, is that the aviation industry is also on the brink of an autonomous revolution, with the market for autonomous aircraft projected to be worth some $22.71 billion by 2030. One company using its aviation expertise to take on this challenge is Horizon Aircraft (NASDAQ: HOVR). The company, led by CEO Brandon Robinson, is seeking to shake up the future of air travel with its groundbreaking hybrid electric vertical takeoff and landing (eVTOL) aircraft, the Cavorite X7. In a recent interview with Benzinga, Robinson, a former CF-18 fighter pilot, spoke about the use of autonomous technology in aviation, whether there will still be a role for human pilots and the company’s strategy for leading this transformation. Autonomous Flight Tech And The Need For Pilots As Robinson points out, commercial aircraft are already somewhat autonomous, with most commercial airliners able to fly and land autonomously. Despite this, most commercial aircraft still require not one but two pilots present in the cockpit. "The air environment is very complicated and unforgiving. There are many unforeseen circumstances that often arrive, and it has been historically important to have a human in control of the aircraft in order to properly analyze the myriad of possibilities and choose an action that prioritizes safety," he explained. However, while we might not be getting rid of pilots just yet, the industry could be on a path to pilotless flight within a decade. Robinson notes that “many commercial aircraft are largely completely autonomous now, with several able to fly the majority of the route, land and stop on the runway without any human pilot intervention. It is logical to assume that eventually, the system may evolve to have human pilots trained only in a remote monitoring role." Horizon Aircraft’s Medium-Term Outlook While the technology for fully autonomous flight is still developing, Horizon Aircraft is focusing on piloted aircraft for the foreseeable future, recognizing that customer comfort and trust are paramount. However, the company is already preparing for a future where autonomous air travel could become the norm. Its current eVTOL prototype, the Cavorite X7, is equipped with advanced sensors and fly-by-wire systems that set the stage for a potentially smooth transition to autonomy when the time is right. Long-Term Future: Autonomous Air Taxis In the long term, Robinson sees an exciting future for autonomous flight where pilotless air taxis are as routine as taking an Uber (NYSE: UBER). Aside from the futuristic aesthetic, the potential benefits of urban air travel are massive – by taking advantage of the “third dimension” of the sky, air taxis can bypass ground traffic, stack at different altitudes and reduce congestion. This ability to keep aircraft separated improves safety and efficiency when compared to driving on roads. Cavorite X7 Latest Developments Horizon Aircraft’s Cavorite X7 is an eVTOL, which means it can take off and land vertically – just like a helicopter. The company reports that what makes this eVTOL unique is its ability to reconfigure its wings en route to fly like a traditional aircraft, using Horizon’s patented HOVR Wing technology. This wing reconfiguration allows it to fly twice as fast as a helicopter and more efficiently. It also uses a hybrid-electric main power system, which allows it to recharge its battery array in flight and after landing. The Cavorite X7 has already proven to perform well in hover and in slow forward flight. The company’s current flight-testing program is focused on flying at higher speeds and reaching “transition speed,” at which point the wings can reconfigure. Earlier this year, Horizon announced a number of promising technical updates on the development of its prototype, including the validation of its patent-pending yaw control system, as well as the start of production and testing of its full-scale core vertical lifting fan technology. With progress on the technology gaining momentum, Robinson is confident that Horizon can soon make its vision a reality. “For the past few years there have been many groups questioning the reports calling for explosive growth across the industry. We’re now seeing technology and advanced air mobility companies mature to the point that this optimism can be justified,” said the CEO. Watch the complete interview with Benzinga here: https://www.youtube.com/live/rnLgQdMaAPM?t=10351s Read more about New Horizon Aircraft: On The Horizon: How One Company Plans To Use Its Innovative Aircraft Design To Revolutionize Regional Air Travel New Horizon Aircraft (NASDAQ: HOVR) Announces Key Technical Updates On Development Of eVTOL Prototype From Stage To Stage: How New Horizon Aircraft's eVTOLs Could Simplify Tour Logistics For Taylor Swift Sustainably Featured photo by Kim Hunter from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 15, 2024 08:45 AM Eastern Daylight Time

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Global Markets Plunge: Why Gold Shines Amid Recession Fears

Priority Gold

By James Blacker, Benzinga Early August saw a global market sell-off with significant declines in major indices and asset classes. In the first five days of the month, the QQQs, which tracks the tech-heavy Nasdaq-100, fell nearly 15% from $27.96 to a low of $23.90 on August 5. During the same period, Japan’s Nikkei index was down around 20%, including its largest one-day drop since 1987. Cryptocurrencies were also not spared, with Bitcoin dropping below $50,000 to its lowest level in six months and down over 24% since the start of August. Amid the widespread market turmoil, gold has proven to be relatively stable, living up to its reputation of resilience in economic downturns and as a hedge against market volatility. Factors Driving The Market Downturn The market turmoil can be attributed to several key events. In a July 31 meeting, the Fed decided to maintain its benchmark interest rate within the 5.25%-5.50% range. While this move was anticipated by the market, it has added pressure on companies already grappling with economic uncertainties. Many analysts now expect a 50 basis point cut to come in the Fed’s September meeting, but not before. Market sentiment was further upended by the July jobs report, which showed that just 114,000 jobs were added in July, far fewer than the expected 179,000. Unemployment is also at 4.3%, its highest since October 2021. Furthermore, the July earnings season has been a tough one for some of the biggest names in tech. The latest round of earnings reports, which has been seen as a test of the bullish AI narrative, saw disappointing second-quarter results for giants such as Amazon (NASDAQ: AMZN), Intel (NASDAQ: INTC), Alphabet (NASDAQ: GOOG), and Microsoft (NASDAQ: MSFT). Nvidia (NASDAQ: NVDA), which has seen its shares rise more than eightfold between the start of 2023 and mid-June, is scheduled to report its results at the end of August. The Yen Carry Trade The Bank of Japan's (BOJ) decision on 31 July to raise interest rates by 25 basis points is another factor contributing to the market sell-off, as this rate hike has caused the widespread unwinding of the yen “carry trade.” A carry trade is essentially when investors borrow money in low-interest-rate currencies, like the yen, to invest in higher-yielding assets. Interest rates in Japan have been held at or near zero in recent years, making the yen carry trade extremely popular. The BOJ’s rate hike in July pushed up the value of the yen, eating into any potential profit from the carry trade and forcing investors to unwind these positions. Gold’s Immunity To Market Contagion The recent market disruptions and fears of a recession have rippled through multiple asset classes. U.S. and global stocks, Bitcoin and cryptocurrencies in general have been deeply affected by the contagion of market fear. This chain reaction across different markets highlights the interconnected nature of the global economy, where a crisis in one region can quickly lead to a broader downturn. Gold prices, however, have been largely immune to the financial contagion, having remained relatively stable throughout this period of volatility. The precious metal saw a slight dip in the first few days of August but remains around the $2,400 mark and close to its all-time highs. As such, gold’s unflinching stability continues to underscore its status as a wealth-haven asset and a store of value. Gold has historically performed well during a recession. As an example, even as the stock market collapsed in 2008, gold demand spiked, with the price of gold more than doubling over 2007-2011. Similarly, the price of gold reached all-time highs during the Covid-19 pandemic. As a wealth-haven investment, gold prices also hit new highs in December 2023 and in 2024, driven by geopolitical turmoil, among other factors. As the global economy continues to face uncertainty, geopolitical conflict and market turbulence, gold’s resilience makes it an increasingly attractive option for investors seeking stability. Unlike stocks, cryptocurrencies or other volatile assets, gold has been proven to maintain its value over long periods of time – even in periods of economic uncertainty – and provides a layer of security that is hard to find in other assets. Buying gold requires a trusted precious metals dealer with a proven track record, such as Priority Gold, which can help novice and experienced buyers in gold through its expertise, resources and guidance. Visit Priority Gold’s website to learn more about how physical gold can enhance your portfolio and fortify your financial future. Featured photo by Zlaťáky.cz on Pexels Priority Gold is known as "America's Precious Metals Dealer" and is one of the leading precious metals retailers in the United States. Headquartered in Dallas, Texas, the company focuses on helping customers diversify their savings and retirement holdings with precious metals. They are also proud partners of the World Champion Texas Rangers major league baseball team! Since its inception in 2015, Priority Gold has played a pivotal role in facilitating IRA rollovers into gold and silver, collaborating with Preferred Trust Company to provide custody services. The company has earned top accolades such as an A+ rating from BBB, AAA rating from Business Consumer Alliances, and a 5-star rating on Trustlink. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Alex Lin alex.l@prioritygold.com Company Website https://prioritygold.com/

August 15, 2024 08:30 AM Eastern Daylight Time

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Communication Service for the Deaf, Inc. Receives $250,000 Engagement Award from PCORI

Communication Service for the Deaf

Communication Service for the Deaf, Inc. (CSD) has been awarded $250,000 through the Eugene Washington PCORI Engagement Award Program, an initiative of the Patient-Centered Outcomes Research Institute (PCORI). The funding will support a two-year project titled "Building Capacity for Deaf American Sign Language Users in Virtual Healthcare PCOR/CER," running from November 1, 2024 through October 31, 2026. The COVID-19 pandemic has significantly accelerated the adoption of telemedicine in healthcare yet little is known about best practices for the Deaf community. Deaf individuals who use American Sign Language (ASL) face communication and health literacy challenges, making virtual healthcare services potentially inaccessible and inequitable. CSD’s health and patient advocacy division, DeafHealth, will recruit a diverse group of stakeholders to form a national Deaf Patient Coalition. This coalition will identify and capture diverse Deaf patient experiences with virtual healthcare platforms to help shape future patient-centered outcomes research (PCOR) and comparative clinical effectiveness research (CER) focused on healthcare virtual platforms for the Deaf community. By collaborating with academic institutions, researchers, and patient communities, this groundbreaking project aims to advance equitable care and decision-making among Deaf patients that aligns with patient-centric outcomes and preferences. The project will be directed by project lead Allysa Dittmar, MHS, Vice President of DeafHealth. Rochester Institute of Technology (RIT), under the leadership of Dr. Tiffany Panko, executive director of the Deaf Health Care & Biomedical Science Hub and director of the Deaf Health Laboratory at RIT’s National Technical Institute for the Deaf will support the project. “Deaf people comprise approximately 13% or 30 million of the American population, yet they are often overlooked in research. We are grateful to PCORI for this opportunity to promote equitable participation and engagement for both Deaf patients and researchers alike," said Dittmar. "The lack of opportunities for our community has hindered the ability to identify effective interventions to improve the health and wellbeing of Deaf people who use ASL. As healthcare increasingly shifts to virtual platforms for care and treatment, it is crucial to include the Deaf population, researchers, and stakeholders to ensure that future PCOR/CER research is patient-centered and equitable.” By incorporating diverse lived Deaf patient experiences, this project empowers this historically marginalized community with the resources and PCOR/CER knowledge necessary to drive community-centered change for improved health outcomes, aligning with PCORI’s mission to empower patients and others. In the long term, the project provides an opportunity to propose future PCOR/CER studies that align with the community’s identified priorities regarding virtual healthcare platforms for the Deaf community. PCORI is an independent, nonprofit organization authorized by Congress with a mission to fund patient-centered comparative clinical effectiveness research that provides patients, their caregivers, and clinicians with the evidence-based information they need to make better informed health and healthcare decisions. For more information on the PCORI Engagement Award and CSD's funded project, visit here. Projects approved for funding by PCORI’s Engagement Award Program were selected through a rigorous and highly competitive review process, assessing their ability to meet PCORI's engagement goals and objectives, as well as program criteria. About Communication Service for the Deaf, Inc. Communication Service for the Deaf (CSD) is the largest Deaf-led social impact organization in the world. For more than four decades, CSD has been a leader in creating and providing accessible and innovative solutions for the Deaf community. Through CSD's patient and health advocacy division, DeafHealth focuses on improving health outcomes for deaf and hard-of-hearing patients through state-wide initiatives by providing culturally and linguistically accessible health information, resources, and services. For more information, please visit CSD and follow CSD on Facebook, Twitter, Instagram, and LinkedIn. About Rochester Institute of Technology’s National Technical Institute for the Deaf Established by the U.S. Congress in 1965, the National Technical Institute for the Deaf is the first and largest technological college in the world for deaf and hard-of-hearing students. NTID offers associate degree programs for deaf and hard-of-hearing students and provides support and access services for deaf and hard-of-hearing students who study in the other eight colleges of Rochester Institute of Technology. NTID also offers certificate programs in educational, deaf, healthcare, trilingual, and signed language translation interpretation, as well as bachelor’s degree programs in sign language interpreting and community development and leadership, and master’s degrees in secondary education and healthcare interpretation. Deaf and hard-of-hearing students come from all over the United States and around the world to take advantage of the opportunities available to them at RIT/NTID. Visit RIT/NTID and follow on Facebook, Twitter, Instagram, and LinkedIn. Contact Details Allysa Dittmar adittmar@csd.org Company Website https://www.csd.org/

August 15, 2024 08:00 AM Eastern Daylight Time

Morning Brief: Actelis Networks (ASNS) Achieves Positive EBITDA and Major Revenue Growth Q2 2024

Global Markets News Network

Actelis Networks (NASDAQ: ASNS) recently announced its Q2 2024 results, marking a significant achievement with a positive EBITDA, a first for the company since 2022. This milestone, coupled with robust revenue growth and a reduction in operating expenses, reflects Actelis’ strong execution and strategic focus on growth within the IoT and cybersecurity sectors. The company reported a remarkable 372% sequential revenue growth from Q1 2024, bringing in $3.43 million in Q2 2024. This represents an 81% year-over-year increase, highlighting the growing demand for Actelis’ innovative solutions. The company’s gross margin saw a significant improvement, soaring to 57% in Q2 2024, up from 30% in the prior quarter. This increase in profitability was driven by strong revenue growth and effective cost management. Actelis has also successfully reduced operating expenses by 20% in Q2 2024 compared to the previous year, highlighting the effectiveness of its ongoing cost reduction initiatives. The company reported a net loss of just $78,000 in Q2 2024, a substantial improvement from the $1.59 million net loss in Q2 2023. Additionally, Actelis achieved positive Non-GAAP adjusted EBITDA of $11,000 in the quarter, marking its first positive quarter since 2022. The company's strong financial performance is complemented by its recent business achievements. Actelis has secured and delivered a $2.3 million order from Washington D.C.’s Department of Transportation, further establishing its position in the intelligent transportation space. The company has also successfully deployed its hybrid-fiber, cyber-hardened solution in Bakersfield, CA, demonstrating its technology's ability to enhance urban infrastructure and security. Moreover, Actelis' newly launched GigaLine 800 and GigaLine 900 Multi-Dwelling Unit (MDU) solutions are generating significant market interest, with a growing list of customer trials underway. A first order for the GigaLine 800 worth $160,000 from a contractor to a major military carrier was received, marking a major milestone in executing on the new products’ potential. In addition to these business wins, Actelis has strengthened its liquidity position by raising nearly $5 million in June 2024. As of June 30, 2024, shareholders’ equity stood at $1.06 million, and on a pro forma basis, including this fundraise, shareholders' equity was $3.0 million—above Nasdaq's continued listing requirement of $2.5 million. “We are extremely proud of our progress in the second quarter of 2024,” said Tuvia Barlev, Chairman and CEO of Actelis. “Our team's relentless efforts have translated into significant customer successes and the successful execution for key customers. We are delivering on the commitments we made to drive growth and innovation, and the results speak to the impact of our strategic initiatives.” As Actelis continues to build on this momentum, the company remains focused on scaling these successes, expanding its SaaS offerings through strategic partnerships, and continuing to reduce operational costs while maintaining high margins. The significant order from Washington D.C.’s Department of Transportation and the successful deployments in cities like Bakersfield demonstrate not only the strength of Actelis' technology but also the trust that major urban centers place in the company to modernize and secure their infrastructure. Looking ahead, Actelis could be well-positioned to capitalize on the expanding IoT market, particularly in sectors like intelligent transportation and critical infrastructure. With its strong financial performance, recent business achievements, and ongoing strategic initiatives, Actelis eyes significant growth potential. ### This article is for informational purposes only and is not intended to serve as financial, investment or any form of professional advice, reccomendation or endorsement. Please review the full documentation detailing financial compensation disclosures and disclaimers the article is subject to. https://justpaste.it/ecto7/pdf. Global Markets News Network is a compensated to publish and syndicate commentary and exploration into innovative companies and industries and it is subject to conflicts of interest. Contact Details Global Markets News Network Covearge Desk robert@futuremarketsresearch.org Company Website https://www.futuremarketsresearch.com/global-markets-news

August 15, 2024 04:11 AM Eastern Daylight Time

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