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Evofem Biosciences Inc. (OTCMKTS:EVFM) Appoints Interim Chief Financial Officer

TopNewsGuide - Market News & Commentary

The women’s sexual and reproductive health market has grown at a decent clip in recent years owing to rising awareness about the importance of better sexual health. There are a number of companies now which are involved in this space and one of those is Evofem Biosciences Inc. (OTCMKTS:EVFM). The company is involved in the development and commercialization of innovative products which are meant for addressing the unmet needs in women’s reproductive and sexual health. As it happens, the company already has a product that has been approved by the United States Food and Drug Administration. The product in question is Phexxi, which is an on-demand, prescription hormone-free vaginal gel contraceptive. The product is sold in boxes of 12 pre-filled applicators and the customer needs to apply it for up to an hour on either side of the sexual act. On March 9, the company announced that it had appointed a new Interim Chief Financial Officer in the form of Albert Altro. Altro would be the replacement for Jay File, who stepped down from the position in order to explore other opportunities. In this situation, it could well be a good idea for investors to consider taking a closer look at Altro’s credentials as a Chief Financial Officer. He is a highly experienced executive with both operational and financial experience spanning more than a quarter of a century. He has worked in executive management, corporate restructuring, consulting, and public accounting throughout his career and has always been in executive roles. His experience in these domains spans a wide range of organizations, starting from privately held middle-market corporations to debtors in succession and from private equity groups to strategic buyers. Before he established Traverse LLC back in 2005, Altro had been working at consulting giant KPMG both in the strategic consulting practice and also in the auditing group. Additionally, he had also been a Director at PricewaterhouseCoopers in the Transaction Services Group. Altro had also been a corporate restructuring advisor at Zolfo Cooper and brings a wealth of experience to his new position at Evofem Biosciences. Saundra Pelletier, the Chief Executive Officer of the company, noted that everyone at the company hoped that Altro’s extensive experience was going to help in directing the fiscal strategy as it strived to unlock more value for shareholders. "We will look to Albert's extensive experience to inform and direct our fiscal strategy as we explore options to build shareholder value," said Saundra Pelletier, Chief Executive Officer of Evofem. Back on February 27, the company announced that two more patents covering Phexxi and its labeled indication had been listed in the FDA publication titled Approved Drug Products with Therapeutic Equivalence Evaluations, which is colloquially known as the Orange Book. Pelletier noted that the inclusion of the two patents in the Orange Book was a further indication of the fact that the company was further strengthening its patent portfolio. However, she went on to add that the company was intent on further strengthening its patent portfolio both in the United States and overseas. It was a significant new development for Evofem and one that must have been noticed by investors as well as analysts. 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

March 14, 2023 05:00 AM Eastern Daylight Time

News Release

HUMBL Inc. (OTCMKTS:HMBL) Launches “HUMBL Chat” Audio Rooms

TopNewsGuide - Market News & Commentary

The Web3 revolution is certainly upon us given the way in which many companies have jumped into the sector and started working on a range of highly innovative products. One of the companies to have emerged as a major player in the Web3 platform space is HUMBL Inc. (OTCMKTS:HMBL). The company offers a wide range of Web3 products, which include HUMBL Authentics, HUMBL Chat, HUMBL Wallet, HUMBL Social, HUMBL Tickets, HUMBL Marketplace, and HUMBL Search Engine. HUMBL also created a commercial blockchain services entity called HUMBL Blockchain Services, which provides services to both private and public sector clients. Investors who may be interested in new-age technology may be interested in HUMBL as a company given the sort of work that it has been accomplishing. The company was in focus last week on March 9 when it made an announcement with regards to the launch of a new feature in its HUMBL Chat platform. The launch in question was that of an audio room integration into the chat platform. It will help HUMBL Social users to create voice chat-based rooms for individuals, as well as groups and a single group, could be as big as 1000 users. The capabilities that have been integrated into HUMBL Chat would include peer-to-peer chat rooms which would provide connections of low latency and clarity. However, that is not all. The company noted that it was also working on tests by way of which users could record the audio rooms and save those into MP3 files. The MP3 files could be highly useful for interviews, podcasts and transcriptions. The Chief Executive Officer of the company Brian Foote spoke about the latest project from HUMBL as well. He noted that the whole idea had initially been inspired by the Twitter Spaces feature, which allows users to chat about a wide range of topics in chat rooms. However, HUMBL decided to offer an audio chat room service that would only allow verified users and hence, it could provide considerable authenticity to listeners. Not too long ago, the company had also been in the news for having launched the world’s first digital wallet which included a search engine, offering of digital assets, and also verified social media profiles. “Twitter Spaces has spawned audio room communities around popular topics such as current events, finance, entertainment, politics, technology, interviews and more,” said Brian Foote, CEO of HUMBL. “We wanted to offer a chat room service here at HUMBL, except with real, verified profiles - which we believe can offer a significant improvement to both the authenticity and monetization of voice chat features on social media.” As it happens, back in February the company's shareholders had gotten another significant boost when the company announced that it had decided against going ahead with its reverse stock split application. The application to FINRA had been for a 1:10 reverse stock split. At the time, the company had announced that it had decided to withdraw its application after having made a reassessment of its strategic plans for an uplisting to a major exchange in the future. However, the possibility of a reverse stock split was not ruled out and HUMBL noted that it may make an application for it later on this year if it became necessary. Foote noted that the reverse stock split was not aligned with the current objectives of HUMBL. 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

March 14, 2023 05:00 AM Eastern Daylight Time

Roberts & Ryan Investments Inc., America's first Service-Disabled Veteran-Owned broker-dealer, is pleased to welcome John Schoger as their newest Senior Advisor of Equity Capital Markets

Roberts & Ryan Investments, Inc.

Mr. Schoger joins Roberts & Ryan as their latest Senior Advisor, focused on equity capital markets and corporate access. He brings more than 20 years of capital markets expertise, including extensive experience in non-deal roadshow origination and execution. John began his career in finance as an institutional broker at Financial Asset Management before co-founding Voyager Institutional Services. He served as President of Voyager until it was acquired by Strategas Securities, LLC in 2013. While at Strategas, John served as Managing Director of Corporate Services. “Roberts & Ryan is proud to welcome John Schoger to its Advisory Board. John has over 20 years’ experience in the Equity business and will share his insights and market knowledge with the Roberts and Ryan team, furthering our efforts to build our brand,” commented Roberts and Ryan’s Head of Equities, Jim McDevitt. John serves as Vice President at AssetWatch, Inc. and is a member of the Board of Trustees for The ARC of Ohio, advocating for the rights of the developmentally disabled community. John earned a BA from Miami University, Oxford, Ohio and holds SIE and FINRA Series 7, 63, and 79 licenses. About Roberts and Ryan Investments, Inc. Roberts & Ryan Investments, Inc. is a Service-Disabled Veteran Owned (SDVO) broker-dealer with execution capabilities in the capital markets, equities, and fixed-income trading. The firm was founded in 1987 by a United States Marine Corps Vietnam combat veteran and Purple Heart recipient. With over one million dollars in committed donations, Roberts & Ryan is active in donating to charitable foundations that make significant positive impacts in the lives of Veterans and their families, primarily focusing on general wellness, mental health, and career transition. Contact Details Joe Pecoraro +1 917-658-8945 jpecoraro@roberts-ryan.com Company Website https://www.roberts-ryan.com

March 10, 2023 09:00 AM Eastern Standard Time

Nextech3D.ai hosts webinar to showcase company’s technology and future plans

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Proactive's Steve Darling, along with ARway head of product Shadnam Khan and Toggle3D chief product officer Dasha Vdovina, on a live event to talk about the company, its technology and what the future holds for the different sectors of the company. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 10, 2023 07:37 AM Eastern Standard Time

Video

News Release

Investment Columnist Embarks on New Book Project to Detail the Rise and Fall of Hewlett-Packard

EAH Strategies

James K. Glassman, former investment columnist for the Washington Post and author of three books on finance, announced today that he is writing a book on the rise and decline of HP Inc., the former Hewlett-Packard Company. “Bill Hewlett and David Packard were the first great technology innovators of Silicon Valley,” said Glassman. “They founded their company in 1939 in a one-car garage at 367 Addison Avenue in Palo Alto that’s called the ‘birthplace of Silicon Valley.’ But as the Valley flourished and became the tech capital of the world, HP lost its way.” He continued: “HP was a household name long before many of today’s tech giants even existed, but today it has a market capitalization that is a mere 1% of Apple’s or Microsoft’s. How did this happen? What mistakes were made? What market trends were missed? Why did the company make terrible acquisitions? What role did the CEOs play in HP’s demise? These are just some of the questions I will investigate in this forthcoming book.” By exploring what happened to HP, Glassman’s book intends to offer lessons to entrepreneurs, business executives and investors. The book will look inside HP’s controversial business moves, such as its $25 billion purchase of Compaq in 2002 (which ZDNet called the worst tech merger in history), its 2008 acquisition of EDS for $13.9 billion (which led to a $8 billion write down), and its 2010 acquisition of Palm for $1.2 billion (which led to a $3.3 billion write off). Central to the book will be the tenures of its CEOs. These include Carly Fiorina, who was forced to resign over the disastrous Compaq merger Mark Hurd, who was booted by the board over inaccurate expense reports and sexual harassment claims; Leo Apotheker, who was replaced after a 40% drop in the company’s stock price; and Meg Whitman, who laid off tens of thousands and was recognized by Bloomberg in 2013 as the most underachieving CEO, based on stock performance. Glassman noted his surprise that other than David Packard’s own The HP Way, there have been few books about the company, its culture, and leadership. Glassman is asking former and current HP employees as well as those with knowledge of the company to contact him at jkglassman@gmail.com. Glassman, who wrote the Sunday investing column for the Washington Post for 11 years, currently writes a monthly column for Kiplinger’s Personal Finance. He was formerly Under Secretary of State for Public Diplomacy and Public Affairs, president of the Atlantic Monthly Co., editor and co-owner of Roll Call, and host of three weekly public affairs programs on CNN and PBS. He is a former member of the Securities & Exchange Commission’s Investor Advisory Committee and was founding executive director of the George W. Bush Institute in Dallas. He is co-author of the bestseller Dow 36,000 and author of The Secret Code of the Superior Investor and Safety Net. Contact Details EAH Strategies, LLC Elizabeth Heaton Posthumus +1 202-445-9858 elizabeth@eahstrategiesllc.com

March 09, 2023 11:44 AM Eastern Standard Time

The Publisher Desk Acquires Forever Blueshirts, the Leading News Site Dedicated to the New York Rangers

The Publisher Desk

The Publisher Desk, one of the country’s top integrated audience development and content monetization partners for digital publishers, today announced that it has acquired Forever Blueshirts, the leading news, rumors, and fan engagement site for the New York Rangers and Hartford Wolfpack. The Publisher Desk plans to add Forever Blueshirts to its robust portfolio of sports and information sites, including the company flagship site, Sportsnaut, the most powerful name in sports news and information. “Forever Blueshirts embodies the type of content we are proud to represent from every sports site within our ecosystem: accurate, straightforward, and fearless sports news,” said Jeff Misenti, co-founder of The Publisher Desk. “It fits perfectly within our portfolio of both owned and independently operated sports sites, which have the dedicated audience and fan base so many advertisers covet.” Founded in 2014, Forever Blueshirts has grown to be one of the best-known New York Rangers focused destinations providing original, entertaining, and thought-provoking news, headlines, and trade rumors for the Rangers and Wolfpack through interviews, team features, and their leading podcast. “The Publisher Desk has an unmatched reputation in helping to develop audiences and grow revenue for sports publishers of all sizes around the country,” said Anthony Scultore, founder of Forever Blueshirts. “We believe that the insights and tools The Publisher Desk provides, coupled with the incredible reach of Sportsnaut, will accelerate our growth. It is an honor to be acquired by such a well-respected company in sports publishing.” Note: Forever Blueshirts is not affiliated with the National Hockey League, New York Rangers, or Madison Square Garden. About The Publisher Desk The Publisher Desk, based in New York with offices in London and South Florida, is a fully integrated audience development and content monetization partner to digital publishers, in addition to publishing several owned and operated sites. The company, founded in 2014, helps websites increase advertising revenues and reduce operational costs. Our team provides the proper resources, direction, operations, technology, and support for digital business, empowering sports, lifestyle & business media brands to connect with their audience and value-aligned advertisers. About Sportsnaut Sportsnaut is the most powerful name in sports. Since launch in 2014, Sportsnaut has been dedicated to covering the big and little stories in sports without an agenda. The company, and its publishing partners, provide news, opinion, rumors, and statistics for fans of the NFL, NCAA Football, NBA, NHL, Golf, NCAA Basketball, MLB, and more. Contact Details All Press Inquiries press@publisherdesk.com Company Website https://www.publisherdesk.com/

March 09, 2023 09:03 AM Eastern Standard Time

News Release

International Endeavors Corporation (OTCMKTS:IDVV): Here Are the Latest Developments

TopNewsGuide - Market News & Commentary

The energy industry is one of those sectors that is currently experiencing a lot of change, much of which is related to the work being done in the alternative energy sector. It is a market segment in the energy industry that is anticipated to expand rapidly, and there are several businesses there that are already making outstanding progress in that direction. One of the companies standing out is International Endeavors Corporation (OTCMKTS:IDVV), which is regarded as an alternative energy company and has its hands on a number of pies. IDVV is involved in the distribution, sales, marketing, and installation of battery storage, bi-directional charging, solar technology, and crypto-mining rigs that run on clean energy. Most of its work is focused on the United States and Latin America. The company is also involved in providing solutions that can help boost the returns on investment for both off- and on-rig clients. Additionally, the company is also focused on partnering with and acquiring eco-friendly companies, technologies, and brands. IDVV made news earlier in the week, on March 6, when they announced that their artificial intelligence business division WITech had signed an agreement with their first-ever client. The client, HayCap, is a commercial and residential lender that is focused on fixing and flipping properties in many states across the US. Some of the provisions of the agreement make for interesting reading. A significant artificial intelligence-powered marketing campaign would begin in Nevada and Southern California, as well as the development of a lending package for International Endeavors Corporation's solar crypto project clients. It is also important to keep in mind that the agreement is for a year but is not exclusive in nature since International Endeavors Corporation would like to offer the services to more clients. The payments originating from the agreement are going to be made on a quarterly basis and would be based on set monthly fees as well as lending volume. The Vice President of International Endeavors Corporation, Bill Martin, spoke about the matter as well. He noted that the company expected to generate revenues in the range of 500,000 and 1,000,000. The fact that WITech signed up its first client was a major development for the company given that it was only on February 22, 2023, that the company announced that it had completed the acquisition. At the time, International Endeavors Corporation announced that WITech was a private company focused on automation and artificial intelligence technologies. The company also announced that the acquisition would help it bring about further improvements in its crypto and solar technologies. Additionally, the acquisition was also intended to help International Endeavors Corporation move meaningfully into the artificial intelligence sector. It was a significant new announcement, and the signing of the first contract was an indication that International Endeavors Corporation may well be on the right track. 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

March 09, 2023 05:00 AM Eastern Standard Time

News Release

Endonovo Therapeutics (OTCMKTS:ENDV) Reaches Distribution Agreement with Academy Medical

TopNewsGuide - Market News & Commentary

There are a number of interesting companies which may well be worth the attention of investors at this point in time and one of those could well be Endonovo Therapeutics (OTCMKTS:ENDV). Before getting into some of the key new developments with regard to Endonovo it could be a better idea to have a closer look at the nature and structure of its operations. The company is currently divided into two main divisions. The first one is its legacy business, which is involved in the development of noninvasive wearable 'Electroceuticals' therapeutic devices meant for pain relief, wounds, and wellness. Most of the products manufactured by Endonovo under the legacy business are sold under the SofPulse brand. The other business division is the Build Up Strategy which is involved in the acquisition of complementary specialty service providers involved in the construction industry. The company was in the news cycle earlier on in the week on March 6 after it announced that it had signed a Service-Disabled Veteran-Owned Small Business (SDVOSB) Government Reseller Agreement with the West Palm Beach-based firm Academy Material Inc. As per the provisions of the agreement between the two parties, the agreement would involve the distribution of SofPulse branded medical devices so as to make sure that those devices are available to the Department of Defence and Veterans Health Administration contracts. The new contract is a vital one since it would allow Endonovo to team up with Academy Material for bringing the highest class of surgical and medical supplies, in addition to telehealth services to veterans and the military. In this context, it is perhaps also necessary to keep in mind that the Pulse Electro Magnetic Frequency (PEMF) electromagnetic devices sold under the SofPulse brand had been cleared by the United States Food and Drug Administration. The devices are also clinically proven with regard to the successful reduction of edema and postoperative pain. At this point in time, the company’s Medical Device Division is working on the commercialization of the SofPulse telehealth and medical device initiatives. The latest agreement is also going to help in further expanding the scale of distribution of SofPulse branded products. The company has been working diligently for the sole purpose of expanding the distribution and presence of its SofPulse brand of products. In this regard, it should be noted that back on January 26 earlier this year, the company announced that it had signed a stocking distributor agreement of a non-exclusive nature with the firm Pulse Therapeutic Technology Inc. Pulse would be responsible for purchasing its SofPulse products and then distributing those in Costa Rica and Mexico. As a distributor, Pulse seemed to have gauged the potential of the products and had purchased as much as $100,000 of those products for the purpose of marketing and testing in Costa Rica and Mexico. The testing proved to be successful, and eventually, Pulse placed a purchase order to the tune of as much as $350,000. Endonovo noted at the time that it was going to work closely with the distributor through SofPulse Inc, its subsidiary. 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

March 09, 2023 05:00 AM Eastern Standard Time

Legal & General’s new report on Women in the U.S. Gig Economy finds income disparity, multiple roles, worry about financial future

Legal & General

- Lowest pay bracket: 58% are women; Highest pay bracket: 68% are men - Earning over $100K a year in gig work: 18% are female, 28% are male - 71% of female gig workers say their biggest worry is their financial futue - Just 8% of women surveyed have a pension plan A special International Women’s Day report in a broad new study sponsored by Legal & General Group ( LGEN, LGNNY ), U.S. Gig Economy Special Report: Tasked With Both Childcare and Earning, Women Fall Behind Their Male Counterparts, was released today. The report continues narrating original research on the changing U.S. workforce and the reluctance of so many to enter into traditional employment. The study looks into the diversity and differences as well as the shared traits of this group of workers, along with the tradeoffs they make in favor of flexibility. This special report in the data-rich U.S. Gig Economy study, Tasked With Both Childcare and Earning, Women Fall Behind Their Male Counterparts, explores several areas of gender disparity between the male and female freelance workers who were surveyed. The sample comprised 47 percent women, who largely make their living in lower-paid sectors such as Beauty & Heath, Media/Writing and Online/App Services—this, in contrast to the highest paid, mostly male sector, IT. Across all categories of respondents, whether paid per project, per hour, per week or per month, the pay gap between men and women was 32 percent on average, and as much as 45 percent in median average pay per month. The study found that female gig workers are far more likely than males to prioritize their children and other family caregiving responsibilities ahead of the stability and future financial security offered by the full-time, office-based work model. They also worry far more than men do about the long-term financial outlook their choice entails. Verbatim responses received ahead of the survey from female gig workers show a more realistic and stoic outlook on their financial prospects than their male counterparts, including their projected income at retirement and their ability to weather unforeseen financial crises such as a loss of income or a major home or car repair. “The value of women in the workforce becomes increasingly obvious, even as more and more American women find themselves turning to working independently as the only way to juggle multiple roles and responsibilities in their lives. This study shines the light on some key areas that are ripe for reparation in the U.S. labor space, notably more equitable pay and better social and financial safety nets for women. Employers looking to get this hard-working contingent back to the office should additionally address women’s evident need for flexibility, as they pick up many other family and householder duties. The private sector can and should lead the way in improving their lot.” Sir Nigel Wilson, Chief Executive, Legal & General Group Female gig workers’ biggest concern is their long-term financial future Legal & General’s study looks at the complex and multifaceted societal and financial factors behind independent work, including what is missing for many to feel secure in life and society. Seven out of 10 women in this study worried about a lack of job security and predictability of income, as well as not having access to group retirement plans and other benefits. “Globally, women are at far greater risk of poverty in their old age than are men, and U.S. policymakers are taking notice of this fact. We’re seeing proposed legislation, for example, that would tie federal funding for business growth to the provision of affordable childcare and other benefits meant to empower the workforce. Still, there is a substantial bridge for employers to cross when considering the critical reasons that female workers, in particular, are choosing flexibility over financial security. We hope our research goes some way toward creating a basis for positive change.” John Godfrey, Director of Levelling-Up, Legal & General Group Future segments of this research will look in depth at gig workers’ outlook and financial situation around retirement planning; what it would take to get gig workers to go back to the traditional workplace; and a closer look at the pandemic fallout for gig workers. To receive a pdf of any of these reports, please email Meir Kahtan/MKPR at mkahtan@rcn.com. About the Study Legal & General undertook proprietary research into the attitudes and changes U.S. gig workers are experiencing in relation to their work situations and financial outlook. The U.S. Gig Economy research was compiled using original survey data from 1044 U.S.-based workers aged 18 to 60 who are neither students nor retired, and who earn at least 60% of their income from gig work. The data was collected via online survey fielded to individuals sample sourced from YouGov’s US panel. The Legal & General-designed survey was scripted and hosted on Gryphon, YouGov’s proprietary survey scripting platform, and the field work took place between August 19 and 31, 2022. Key demographics such as age, gender and region were allowed to fall out naturally. 20 questions were designed to understand facts about earnings, drivers of and barriers to gig working, financial product ownership & financial capacity when coming across adverse situations, and future expectations of being involved in the gig economy. Verbatim comments were captured by Legal & General in research carried out in June 2022. About Legal & General Group Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.4 trillion ($1.7 trillion) in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these underpin our leading retirement and protection solutions: we are a leading international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone. *as of December 31, 2021 The information contained in this press release is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions. Contact Details Meir Kahtan Public Relations, LLC Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.legalandgeneralgroup.com/

March 08, 2023 01:00 PM Eastern Standard Time

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