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Hammer Technology Holdings (OTC:HMMR) Releases Q1 Earnings: Here Are Key Details

TopNewsGuide - Market News & Commentary

A sector that is almost always going to be on the radar of many investors is the technology sector, and for good reason too, given the possibilities of making a strong return in the long term. These are companies that are always intent on making innovative products that can disrupt established markets or create markets of their own. A company that could be of interest at this point is Hammer Technology Holdings (OTCMKTS:HMMR), which is involved in making investments in the future of technology. The company decided to widen its business strategy so as to focus on the innovative technology space, which has been evolving at a remarkable pace. To that end, Hammer Technology Holdings restructured the company in a way so as to be in a position to accommodate a range of new verticals. One of the strategies of the company is known as the ‘Everything Wireless’ strategy, which is involved with providing fixed high-speed wireless service to small businesses and residences. However, that is not all. The company has also made a move into the rapidly growing financial technology space. Earlier on in the week on February 13, HMMR announced its financial results for the fiscal year that had ended on July 31, 2022, and also the first fiscal quarter that ended on October 31, 2022. In the fiscal year that ended on July 31, 2022 HMMR had managed to bring in revenues of as much as $2,602,115 and that reflected a year-on-year rise to the tune of as much as 18.32%. The healthy rise in revenues had been brought about by the strong performance which had been delivered by the company’s OTT or over-the-top business segment. The revenues generated in the first quarter ended on October 31, 2022, stood at $799,699 and that reflected a year-on-year rise of 27.27%. Hammer Technology Holdings recorded an operating loss of $547,225 in the fiscal year and that was primarily due to the expenses incurred for setting up the financial technology business. The acquisition of HammerPay (USA) Ltd had also been a factor in the same. In the quarter that ended on October 31, 2022, the company recorded an operating loss of $142,173 and the reason behind the loss was the same. "We continued to improve our operations in the telecommunications business segment as we develop a diversified portfolio," said Erik Levitt, Hammer's Principal Financial Officer and CEO of the telecommunications business segment. In this context, it should be pointed out that back on October 19, 2022 the company had come into the news cycle after it announced that it had inked a letter of intent with regards to the acquisition of Mobile Finance Group Ltd, which operates under the brand name Wallet Factory. Mobile Finance Group is a digital finance services provider and is also involved in the enterprise-grade e-wallet space. The acquisition could go a long way in helping Hammer Technology Holdings in executing its financial technology strategy. One of the solutions offered by Mobile Finance is the all-in-one wallet that can work on both B2B and B2C platforms. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

February 16, 2023 06:44 PM Eastern Standard Time

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International Star Inc (OTC:ILST) Completes Acquisition of Budding Equity: What Next?

TopNewsGuide - Market News & Commentary

Companies that come under new management can often turn into remarkable turnaround stories and hence, investors are often keen on those. This brings us to the subject of International Star Inc. (OTCMKTS:ILST), which had mainly been involved with mineral property interests. In June of 2022, ILST Holdco LLC had completed the acquisition of a controlling interest in the company, and the company came under new management. Under the control of the new management, International Star is seeking to create a thriving and financially strong business that could consistently create value for shareholders. The thrust of the strategy is to grow revenues internally and at the same time, work on acquisitions that are synergistic in nature. The acquisitions that International Star is generally interested in are sustainable businesses with free cash flow. As it happens, the company was in the news this month after it completed the acquisition of Budding Equity Inc. The announcement with regards to the completion of the acquisition was made by the company back on February 14, 2023. Budding Equity is a modern company that mainly works with celebrities and film studious to monetize their intellectual property. The monetization is done in the worldwide cannabis industry. This acquisition was also part of the company’s acquisition strategy that had been put in place. It had been reported back in August 2022 that the two companies had entered into an agreement. There is more to the deal that ought to be noted. As per the provisions of the agreement signed at the time, International Star provided funds to Budding Equity for its working capital needs related to boosting its inventory. Additionally, International Star had also been granted an option to complete the acquisition within 12 months. Up until now, the total loan drawdown from International Star to Budding Equity was $375,000 and that had led to the issuance of an equity stake of 7.5% in Budding Equity to International Star. Earlier on in the month, International Star decided to exercise the option to acquire the entirety of Budding Equity and issued a note to that effect to the company’s shareholders. Following the completion of the transaction, Budding Equity commanded a valuation of $1,700,000. That being said, the decision to exercise the option must not have come as a surprise to the company’s shareholders considering the fact that back on October 25 last year International Star had made an announcement to that effect. At the time, the company had announced that it was in the concluding stages of exercising the option to complete the purchase of 100% of the Budding Equity outstanding shares. International Star also announced that it had also issued a notice to the shareholders of Budding Equity with regard to its intentions to complete the acquisition. Another announcement made by the company at that same time was related to the election of Avi Minkowitz to the board of directors of International Star. He had been elected to the board back on October 20, 2022. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

February 16, 2023 06:33 PM Eastern Standard Time

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IGEN Networks Corp and Prolog Execute LOI for Merger

iGen Networks Corp.

McapMediaWire -- IGEN Networks Corporation (OTC: IGEN ) (CSE: IGN ), a leading innovator of Internet of Things (IoT) solutions for the consumer automotive, asset management, and supply-chain industries, today announces the successful completion of a Letter-of-Intent (LOI) for the purchase of 51% of Prolog privately held shares on January 13, 2023. The purchase in the form of IGEN common shares will be approximately $900K to $1.1M USD paid through multiple tranches based on achieving minimum revenue thresholds that will range from $1.8M to $3.5M USD over the first 12 months from closing of the definitive agreement. Revenue contributions from Prolog will be fully recognized (100%) along with 51% of net income by IGEN upon completion of the proposed merger. Neil G. Chan, CEO of IGEN stated, "This proposed merger creates a unique combination of knowledge and technologies for the supply-chain industry globally. Along with our consultancy practice, IGEN will offer comprehensive end-to-end logistic solutions that include facilities and warehouse management, GPS telemetry and inventory tracking, fleet asset management and maintenance through-out the supply-chain of commercial and government organizations." Juan Ignacio Avila, CEO of Prolog stated, "We are excited with the opportunities of this proposed merger with IGEN. Prolog has proven its leadership in providing comprehensive logistics, supply-chain, maintenance, and management solutions to some of the largest and most complex organizations in Mexico, Spain, and Central America. Through IGEN channels in the US, we can now apply our 25 years of technology expertise and experiences to the US markets along with participating in the growth of our businesses together." The Letter-of-Intent (LOI) is a non-binding agreement and will establish the basic terms for the definitive agreement between IGEN Networks Corp and Prolog. This transaction will be arm's length as additional terms may be added, and existing terms may be changed or deleted. Definitive terms will include a PCAOB qualified financial audit. About IGEN Networks Corporation IGEN Networks Corporation creates software services for the consumer automotive and commercial asset management industries enabling their customers to better manage their assets and protect their drivers. IGEN is a fully reporting company in both Canada and the United States. It is publicly traded on the OTC Markets under the symbol IGEN, and listed on the CSE under the symbol IGN. For more information, please visit: www.igennetworks.net About Prolog Prolog is a technology development and logistics consulting company with over 25 years of experience in the development of supply-chain, logistics, telematics, and asset management solutions. Prolog operates in Mexico, Spain, and Central America with more than 1200 clients, 80 distribution centers, and 250,000 vehicles utilizing its asset management platforms. For more information, please visit: www.prolog.com.mx Forward-Looking Statements This news release may contain forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities law. The terms and phrases "goal", "commitment", "guidance", "expects", "would", "will", "continuing", "drive", "believes", "indicate", "look forward", "grow", "outlook", "forecasts", "intend", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by IGEN in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that IGEN believes are appropriate in the circumstances, including but not limited to statements regarding investment liquidity, financing options and long term goals of the Company, general economic conditions, IGEN's expectations regarding its business, customer base, strategy and prospects, and IGEN's confidence in the cash flow generation of its business. Many factors could cause IGEN's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks related to competition; IGEN's reliance on key personnel; IGEN's ability to maintain and enhance its brand; and difficulties in forecasting IGEN's financial results, particularly over longer periods given the rapid technological changes, competition and short product life cycles that characterize the mobile application industry. These risk factors and others relating to IGEN that may cause actual results to differ are set forth in the under the heading "Risk Factors" in IGEN's periodic filings with the British Columbia Securities Commission and the U.S. Securities and Exchange Commission (copies of which filings may be obtained at www.sedar.com or www.sec.gov. These factors should be considered carefully, and readers should not place undue reliance on IGEN's forward-looking statements. IGEN has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Contact: IGEN Networks Corporation Neil G. Chan info@igennetworks.net 1(855)912-5378 Contact Details IGEN Networks Corporation info@igennetworks.net Company Website https://www.igennetworks.net/

February 16, 2023 09:53 AM Eastern Standard Time

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Futuris Company Provides Statement on Recent Presentation at the Emerging Growth Conference

FUTURIS CO.

McapMediaWire -- Futuris Company (OTC: FTRS ), a Human Capital Management (HCM) company focused on areas such as Staffing, Consulting, and Tech Services, provides its shareholders with a recording and statement on its recent presentation at the Emerging Growth Conference on February 8 th, 2023. Futuris Company, a global network of solutions, staffing and technology companies, recently presented at the Emerging Growth Conference to showcase their expertise in growing companies within the Solutions, Staffing and Technology space. With a focus on acquiring majority ownership in companies that demonstrate strong financials and growth prospects, Futuris offers their clients a vast array of capabilities and creates cross-selling and partnership opportunities between their portfolio companies. "We are excited for the future and the growth of our company," expressed Board Advisor Allan Hartley. "Our network of entities provides a large breadth and depth of capabilities, allowing us to service our clients at whatever stage of growth they are currently operating within. We are committed to acquiring and partnering with companies that demonstrate thoughtful management and a solid track record of new client acquisition and retention." Futuris' presentation at the Emerging Growth Conference highlighted their mission to become the premier Organization in the Solutions, Staffing and Technology space. With a focus on creating value for their clients, Futuris aims to leverage their expertise and resources to drive growth and success for their portfolio companies. "I am thrilled and optimistic about the corporate outlook for Futuris Company. Their innovative approach to staffing is poised to bring significant success in the future." - Suresh Venkat, Board Member. To view a recording of our presentation, please visit: https://www.youtube.com/watch?v=Ggfs6LWAAOU We encourage shareholders to continually visit our website and social media platforms for updates. Website: www.futuris.company Twitter: www.twitter.com/futuriscompany Forward-Looking Statements Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the ability to successfully integrate acquired companies, overall economic conditions, the ability to find qualified personnel, and the ability to find new clients. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business and although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The Company undertakes no obligation to publicly release statements made to reflect events or circumstances after the date hereof. About Futuris Company Futuris is a Human Capital Management (HCM) company focused on Executive Search, Staffing, Consulting services and Tech Services specializing in verticals such as Medical, Accounting/Finance, Information Technology, Recruitment Process Outsourcing (RPO), and Legal. The Company is committed to building a global HCM company through highly targeted and accretive acquisitions and operational efficiencies. For more information, please visit http://futuris.company/. Contact Information: Futuris Company Preya Narain Email: info.it@futuris.company Contact Details Futuris Company info.it@futuris.company Company Website http://futuris.company/

February 16, 2023 09:00 AM Eastern Standard Time

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LevLane Advertising Wins Two PRSA Pepperpot Awards

LevLane

LevLane Advertising, a full-service, independent advertising, media, digital, and public relations agency, received two awards from the Public Relations Society of America’s (PRSA) Philadelphia Chapter at their 2022 Pepperpot Awards ceremony. The Pepperpot Awards honor Philadelphia-area PR agencies and professionals for exceptional campaigns and tactics. Each year, projects are submitted to be judged by an independent review panel within the PRSA and the best campaigns are awarded with either a Pepperpot for first place, or a Ladle for second place. LevLane was awarded the first place Pepperpot award in the following category: Influencer Programs: Awarded for the work done on behalf of Agile Therapeutics for the partnership campaign featuring USWNT player Carli Lloyd. LevLane was awarded the second place Ladle award in the following category: Research Tactics: Awarded for the work done on behalf of Provident Bank for quarterly original research on banking, finance, and consumer attitudes. “As an agency, our goal has always been to create meaningful, emotional connections between stakeholders and brands,” said Liz Weir, Chief Marketing Officer at LevLane. “Being recognized by our peers for these campaigns is an honor and reinforces the value of our human connection-centric strategy.” About LevLane LevLane is an award-winning, full-service, independent advertising agency in Philadelphia, PA, that has been building brands that people love for nearly 40 years. Contact Details Lauren Stralo +1 215-825-9692 lstralo@levlane.com Company Website https://www.levlane.com

February 16, 2023 09:00 AM Eastern Standard Time

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XCPCNL Business Services Announces the Issuance of Share Dividend

XCPCNL Business Services Corporation

McapMediaWire -- XCPCNL Business Services Corporation (OTC: XCPL ), a venture development business that leverages knowledge, skill, and experience in the consumer products industry today announces that the company has issued a share dividend. On February 15 th, 2023 a 20% Stock Dividend was issued to shareholders on record as of January 23 rd, 2023. The total Stock Dividend Shares to issue equal 175,373,316. The total Outstanding Post Split equals 1,052,215,982. This is subject to change once DTC sends in their rounding letter on or after February 23 rd, 2023. The Transfer agent has recorded shares and issued to Shareholder Broker/Dealers. Shareholders should receive them in the next 24-48 hours. If not, please contact your Broker/Dealer. XCPCNL Business Services Corporation (OTC Pink: XCPL) encourages shareholders to visit their corporate Twitter account at https://twitter.com/RealXCPCNL Forward-Looking Statements Disclaimer: This press release may include, and oral statements made from time to time by representatives of the Company may have, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof and related matters, as well as all other statements other than statements of historical fact included in this press release, are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to our management team or us, identify forward-looking statements. Such forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filing with the Over-the-Counter Market ("OTC"). All subsequent written or forward-looking oral statements attributable to persons or us acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. About XCPCNL Charlotte, NC-based XCPCNL Business Services is a venture development business that leverages its knowledge, skills, and experience in the consumer products industry. Our primary mission is to provide marketing, technology, and other business services to fast-growing consumer product companies and big-box retailers. XCPCNL is a minority-owned and controlled firm. To learn more about our businesses, services, and opportunities, please contact info@xcpcnl.com To learn more about XPCNL, visit www.xcpcnl.com. For Inquiries: Email: ir@xcpcnl.com Contact Details Tim Matthews ir@xcpcnl.com Company Website http://www.xcpcnl.com/

February 16, 2023 08:30 AM Eastern Standard Time

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FRONTERA GROUP ACQUISITION TARGET TEXAS MONEY EXCHANGE ENGAGES FORMER TEXAS LAND COMMISSIONER GEORGE P. BUSH AND MICHAEL BEST STRATEGIES, LLC. AS GOVERNMENT RELATIONS AND PUBLIC AFFAIRS ADVISORS

Frontera Group Inc.

McapMediaWire -- Frontera Group, Inc. (OTC: FRTG ) (“Frontera,” “Frontera Group” or “the Company”), a technology-focused strategic acquirer of revenue-generating companies and intellectual property (IP), today announced that in connection with its term sheet to ultimately acquire 100% of the total issued and outstanding shares of common stock of McAllen, Texas-based Texas G & S Investments, Inc. d/b/a Texas Money Exchange (TME) from a joint venture controlled by members of the Solis family, TME has engaged former Texas Land Commissioner George P. Bush and Michael Best Strategies, LLC. as government relations and public affairs advisors. A spokesman for TME stated: “Our collaboration with Commissioner Bush and Michael Best Strategies is something we are looking forward to. Our company operates in the highly regulated financial services sector. We are confident that Commissioner Bush and the Michael Best Strategies team will help us better understand the regulatory and policy environment and the key players, as well as help us communicate the facts to the appropriate parties at the appropriate times in order to produce positive outcomes for our company, our customers, the Great State of Texas, and the United States.” About George P. Bush Bush is a native-born Texan, a graduate of Rice University and the University of Texas Law School. A military veteran, he served in the U.S. Naval Reserve for 10 years and completed an 8-month tour in Afghanistan. A former businessman, Bush cut his professional teeth in the oil and gas and real estate industries. In 2014, Bush was elected as the 28th Texas Land Commissioner and overwhelmingly re-elected in 2018. During his two terms in office, he built a track record of success collaborating with local, state, and federal officials to make government work better for the citizens of Texas. Through his leadership of the Texas General Land Office, Bush helped thousands of Texans recover from natural disasters, funded Texas public education through the Permanent School Fund, provided benefits to Texas veterans, and preserved the Alamo, vast Texas coastline, and other state-owned lands for future generations of Texans. He also fought to protect the oil and gas industry from federal overreach and bureaucratic rulemaking – and won. Bush is the grandson of President George H.W. Bush, the son of former Florida Governor Jeb Bush and the nephew of President George W. Bush. He lives in Austin with his wife, Amanda, and their two sons. Upon joining Michael Best Strategies, LLC. in January of this year as a principal Bush stated: "I'm thrilled to continue my work in service to fast-growing and dynamic clients in Texas and the rest of the nation as part of Michael Best's team." "Michael Best's focus on the critical issues facing Texas and the nation at large combined with their exceptional team of talented lawyers and advisory experts make for the perfect platform to continue serving the American people." About Michael Best: Michael Best is a full-service firm helping clients navigate the intersection of business and government by providing a full range of services across four primary areas: Governmental Affairs, Public Affairs and Communications, Business and Community Solutions, and cultivation of Strategic Political Relationships. Michael Best also features an affiliate law firm with more than 350 lawyers and technical professionals who work in collaborative, interdisciplinary practices to serve clients around the world. ( www.michaelbeststrategies.com ) About TME TME is a Texas Department of Banking licensed and bonded non-depository financial institution engaged in the money services business (MSB). TME is believed to be the largest foreign exchange and international payment specialist in the Texas Rio Grande Valley (RGV). In business over 27 years, TME is an emerging Fintech and critical cog in the supply chain between the United States and Mexico. On behalf of its customers TME conducts business foreign exchange USD-MXN (Dollars/Pesos), business payments USD-MXN, payment of vendors in Mexico, receiver of payments from Mexico and makes authorized freight voucher payments. TME customers include importers and exporters of a wide range of products such as machinery, equipment, Tupperware, pickles, avocados, watermelon, lemons, limes, mango and many other products Americans use and consume on a daily basis. ( www.texasmoney.com ). About Frontera Frontera Group is a strategic acquirer of intellectual property and revenue-generating companies in the technology and human capital markets. It is developing and executing an aggressive, four-tier acquisition and implementation strategy intended to provide substantial increases in profitability to its acquisitions in industries with traditionally low and stagnant EBITDA multiples. The Company has identified and is currently pursuing several revenue-generating acquisition targets. For further information, please visit Frontera’s website at www.frtgtech.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 The statements contained in this news release which are not historical facts may be “forward-looking statements” that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe FRTG’s hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond FRTG’s control, will affect actual results. FRTG undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with FRTG’s most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by FRTG. Frontera Group Contact K. Bryce Toussaint, Board Director invest@frtgtech.com Investor Relations Contact Lindsey Harasta lindsey@frtgtech.com Contact Details Investor Relations Contact lindsey@frtgtech.com

February 16, 2023 08:00 AM Eastern Standard Time

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Transportation and Logistics Systems Inc (OTC:TLSS): Here Are Latest Developments & Updates

TopNewsGuide - Market News & Commentary

The logistics industry remains the backbone of most forms of commerce in the world and hence, companies involved in that sector often attract attention from investors in a big way. A company involved in the sector that has been doing stellar work for quite a while is Transportation and Logistics Systems Inc (OTC:TLSS). As the name suggests, it is a transpiration and logistics firm it operates in the United States. The company conducts most of its operations through its subsidiary units. The company offers a wide range of services, which include two-person home delivery, last-mile delivery, e-commerce fulfillment, pickup and warehousing services, and mid-mile and long-mile services. At the end of the 2021 calendar year, the company owned a total of 17 vehicles. It is based out of Jupiter in Florida. On February 6, Transportation and Logistics Systems announced that its fully owned subsidiary unit TLSS-STI Inc had managed to complete the acquisition of the entirety of the outstanding stock in Severance Trucking Co Inc, McGrath Trailer Leasing Inc, and Severance Warehousing Inc. The companies collectively form Severance and are based out of Dracut in Massachusetts. The Chief Executive Officer of Transportation and Logistics Systems, Sebastian Giordano, spoke about the latest acquisition as well. He noted that over the course of more than a hundred years, several generations of a single family had managed to build Severance into a company of impeccable reputation. He went on to note that he was thrilled at the possibility of many members of the Severance family are going to remain and joining hands so as to grow the combined business. The total cost of the acquisition stood at $2,250,000 and also included closing expenses to the tune of $10,747. At the closing of the transaction, TLSS-STI paid $365,613 in the form of cash, took over and paid off vehicle debt worth $152,748, and got into a secured promissory note with the seller bearing the value of $1,572,939. The promissory note is going to carry an annual interest rate of 12%. The entirety of the unpaid principal of the promissory note is supposed to be paid off in three installments on August 1, 2023, February 1, 2024, and August 1, 2024. Back on January 26, 2023, Giordano provided an update to the stakeholders of Transportation and Logistics Systems. Some of the highlights from the list of updates include the expansion of the board of directors and enhanced corporate governance. The company further strengthened its executive team in the fields of human resources, operations, and finance. The company also managed to complete the acquisitions of Freight Connections and JFK Cartage. It was also noted that Transportation and Logistics Systems was in negotiations for two more acquisitions. Last November, Transportation, and Logistics Systems announced its financial results for the three-month and nine-month periods, both of which ended on September 30, 2022. The revenues came in at $1,700,000 and that reflected a year-on-year rise of as much as 40.9%. The company noted at the time that such a change of fortunes was primarily driven by the acquisitions of Freight Connections and JFK Cartage. The losses suffered in the quarter stood at $1,016,000, which was actually a significant drop from the losses of $1,896,000 suffered in the prior year period. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

February 15, 2023 07:24 PM Eastern Standard Time

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Foothills Exploration (OTC:FTXP) Acquires Certain Leases and Wells In OKLAHOMA

TopNewsGuide - Market News & Commentary

The oil and gas exploration and development industry has gained a lot of traction among investors over the course of the past year or so and for good reason. The volatility in oil prices and the overall upward momentum in the same resulted in investors becoming increasingly interested in the sector. Foothills Exploration (OTCMKTS:FTXP) is involved in the same industry and is engaged in providing for the energy needs of the present as well as the future. The company’s strategy is to create a balanced portfolio of assets in two unique ways. The first of those is to come up with oil and gas exploration assets with a high impact. The second is to prepare for the low carbon future through involvement in geothermal and hydrogen projects. The second part of its business strategy is executed by Foothills’ New Energy Divisions unit, which is involved in the identification of assets that can help it in contributing towards a more sustainable future. The company has been making some strong moves in recent times and earlier in the week on Monday, it announced that it had managed to complete the acquisition of some wells and leases in Comanche County in Oklahoma. It was announced that back on January 31, 2023, Foothills had been successful in closing the acquisition of as many as 21 shallow oil and gas wells. All those wells are located in Comanche County in Oklahoma and spread across four separate leases. The wells in question are classified as stripper wells with an average depth of 1200 feet and mainly produce thanks to the Granite Wash formation. It was also announced at the time that Foothills was going to commence the return to production operations at the wells immediately. The new production is expected to begin at the site in the week of February 20, 2023. Foothills noted that based on the current price of oil, it is expected to generate revenues to the tune of $432,000 from these wells over the course of the coming 12 months. The wells are going to be operated by WHZ Oil & Gas, which is an indirect subsidiary of Foothills. Back on January 27 this year, Foothills had come up with a key corporate update. It announced at the time that back on November 25, 2022, it had signed a settlement agreement with its biggest institutional lender. By way of the agreement, as many as 11 convertible promissory notes carrying an aggregate principal amount of $6,368,333 were retired and canceled. The agreement also led to the cancellation of 3.9 billion associated warrants. It was also announced that on January 9, 2023, the company had signed a lockup and settlement agreement with the same institutional investor for a convertible promissory note which carried a principal amount of $390,000. Last but certainly not least, back in August last year Foothills had made a significant announcement that could have an effect on the company’s future. On August 25, 2022, the company had announced that the completion operations at the Houser-Sears #6 well had been started. The well had been logged and drilled successfully, which also gave the indication of the possibility of new reserves in the leasehold. The completion logs and the geological analysis indicated that there could be at least six more zones with oil-bearing formations. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. 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February 15, 2023 07:15 PM Eastern Standard Time

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