ALYI = Alternet Systems, Inc. (USOTC: ALYI) management today issued a statement to get ahead of rumors that a major electric vehicle brand name has expressed interest in ALYI’s electric vehicle initiative in Africa. ALYI is developing $300 million in electric vehicle projects in Africa targeting the shared ride market. The company has signed orders to produce in Africa, electric motorcycles with a side car initially for shared ride providers in Kenya. The company successfully passed an electric motorcycle prototype testing milestone recently and anticipates having its production design pilot motorcycle completed any day. ALYI has also recently announced a $100 million cryptocurrency investment strategy targeted at expanding beyond the company’s existing $300 million in electric vehicle projects in Africa. In reaction to recent questions the company has received regarding a deal signed with a major electric vehicle brand involving a new project in Africa, ALYI management released the following statement: “Alternet Systems believes in and is committed to its electric vehicle initiative in Africa. Accordingly, we are enthusiastically developing resources to advance and expand upon our electric vehicle initiative in Africa. Our efforts to develop resources absolutely includes engaging with major brand names in the global electric vehicle market. We have made inroads with one major brand name in particular and anticipate making a joint announcement soon. Until then, we are not at liberty to comment on the specific organization nor any details regarding the nature of the potential agreement.”
ONOV = Last news was that on October 22, 2019, BioNovelus, Inc. (OTC: ONOV) announced Patricia Frost has joined the Company’s Advisory Board. BioNovelus’ Advisory Board seats individual entrepreneurs and senior cyber security / information technology (IT) executives with business, government and technical expertise useful for assisting in identifying, integrating and growing acquired companies.
MJNA = SAN DIEGO, Nov. 5, 2019 /PRNewswire/ — Medical Marijuana, Inc. (“the Company”) (OTC: MJNA), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that its portfolio of companies’ 2019 sales bookings has surpassed its total 2018 sales bookings.
“We set our goals high for this year and it’s encouraging to see that our team worked diligently to achieve and surpass them,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “By entering new markets and releasing many new products to meet the versatile needs of our customers, our efforts will further position us as a major contributor to the expanding global cannabis industry.”
Medical Marijuana, Inc. is a major producer of cannabidiol (CBD) products in the U.S., European, Latin American and Asian markets with distribution subsidiaries Kannaway®, HempMeds®, Dixie Botanicals®. This portfolio of companies provides customers with a variety of oral, topical and edible CBD products that are Triple Lab Tested™ to ensure the highest standard of quality and consistency.
“It’s predicted by the Brightfield Group that 2019 CBD product sales could grow 706% compared to 2018 sales figures and could reach upwards of $5 billion,” said Medical Marijuana, Inc. COO Blake Schroeder. “It’s been exhilarating to watch this industry expand exponentially since its infancy and we look forward to witnessing its future success in years to come.”
Earlier this year, the Company was named a top-five CBD producer by equity research firm Avise Analytics and was awarded a Bronze Stevie® Award for Most Innovative Company of the Year in the 16th Annual International Business Awards. The company also recently announced that its subsidiary Kannaway® began setting up operations in Japan and received a Silver Golden Bridge Award for Company of the Year in the Healthcare Products and Services category.
On November 6, 2019, Medical Marijuana announced that its subsidiary Kannaway® was named Small Business Company of the Year in the Life Sciences, Health, Wellness, and Nutrition category by the Business Intelligence Group’s 2019 BIG Awards for Business. Also, Kannaway®’s CEO Blake Schroeder was named Small Business Executive of the Year in the Life Sciences, Health, Wellness, and Nutrition category.
The Business Intelligence Group’s 2019 BIG Awards for Business were launched to acknowledge companies, products, and people that are leading their respective industries. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
As the first direct-selling company to bring hemp-based cannabidiol (CBD) products to market in the U.S. and Europe, Kannaway® was named Small Business Company of the Year to recognize the Company’s international advocacy efforts for CBD access and education. The Company held its European Grand Opening Event in Prague in 2018 where more than 2,000 people attended and executives revealed several new innovative CBD products. Kannaway® experienced an increase of nearly 200% in revenue over 2017 revenue, much of that success attributed to its European operations.
“We are honored and humbled to have the hard work of our team recognized by the BIG Awards for Business,” said Kannaway® CEO Blake Schroeder. “2019 was a banner year for revenue growth at the Company, especially in our international operations, and we are proud to continue to be a pioneer for the industry in educating new markets about hemp-based CBD.”
Schroeder is one of 60 global leaders recognized by the 2019 BIG Awards for Business and the sole winner of the Small Business Executive of the Year for the Life Sciences, Health, Wellness, and Nutrition category. The award honors his efforts in growing the Company’s revenue more than 60 times since joining the executive team along with his work to help expand the Company’s product offerings to meet growing consumer demand.
“We are excited by this recognition and believe that it will help us make CBD and hemp-derived products available to people around the world,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “Awards like these continue to boost our reputation as a category leader and set a standard of professionalism that we wish to impart upon the entire industry.”
UEEC = United Health Products, Inc. (OTC: UEEC) will host a corporate update conference call on Thursday, November 7, 2019 at 11:00 am Eastern Time. Douglas Beplate, CEO, and Louis Schiliro, COO, will give the update. There will be no Q&A. To listen to the discussion:
Call your Dial-In Number: (712) 451-0011
Enter your Access Code: 291859
United Health Products develops technology, manufactures and markets patented hemostatic products for the healthcare and wound care sectors. The product, HemoStyp, is derived from oxidized regenerated cellulose. HemoStyp is an all-natural product designed to control bleeding. UHP is focused on identifying new markets and applications for its products and expanding its current markets. For more on United Health Products, Inc., visit: www.unitedhealthproductsinc.com
KWBT = Yangling, Shaanxi, Oct. 24, 2019 (GLOBE NEWSWIRE) — Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) is pleased to announce that the Company is showcasing its leading agricultural products and technology at the 26th China Yangling Agricultural Hi-Tech Fair (referred to as “CAF”). The theme of this year’s Trade Show is “New Agriculture, New Farmers and New Countryside”.
The CAF officially opened at 9 a.m. Beijing time, with guests including Xiaoguang Chen, Vice Chairman of the CPPCC National Committee, Guozhong Liu, Governor of Shaanxi Province, Mr. Vladimir nolov, Secretary General of SCO, Leaders of the Ministry of Science and Technology and other Ministries and Commissions attending the Opening Ceremony.
The exhibition booth of Kiwa Bio-Tech Products Group Corp. (referred to as Kiwa Bio-Tech) was officially unveiled.
Since March 2018, Kiwa has participated three times at the China Yangling Agricultural Hi-Tech Fair with different shames to present to the audience and paid attendees.
At the Spring Festival in March 2018, Kiwa presented the application of microbial technology in agriculture and a series of microbial fertilizers as its core theme.
In November 2018, at the 25th CAF, Kiwa presented the theme of the contribution of the 54 Main Crop Standardized Planting Regulations to the harmless agricultural industry chain.
At this Current Fall Fair, Kiwa is presenting the theme of how “Trinity” new agricultural industry chain’s influence on “new rural areas, new farmers and new agriculture”. It focuses on the core contents of the “Trinity Model”, which is to realize the new rural construction with scientific planting, training the farmers with standardized management and promoting the development of new agriculture with industrialized operations.
At 11 a.m. Beijing time, Mr. Gaoqiang Yuan, Vice President of China Association of Foreign Funded Enterprises (CFIUS), Ministry of Commerce, arrived at Kiwa’s booth after attending the opening ceremony. Mr. Yuan gave high praise of the role of the “Trinity Model” of Kiwa Bio-Tech in China’s agriculture, and pointed out that this model should be extended to the key agricultural regions of the country with the help of Yangling’s dominant position in China’s agriculture.
Kiwa Bio-Tech as the Vice Chairman unit of the Foreign Investment Association will be summarizing a set of harmless promotion experiences and report to the National level through the Ministry of Commerce on the platform of the Foreign Investment Association which will promote the development of China’s agriculture. After visiting the booth of Kiwa, Mr. Yuan also visited Kiwa’s headquarters.
At 3:00 p.m. Beijing time, Mr. Wei Rong, President of Rong’s Family Investment Group, the first National Capitalist in China, and a future strategic partner of Kiwa, and his delegation came to Kiwa’s exhibit booth to learn more about the Company’s technology and products.
The Company introduced the implementation of the Trinity Model in Zhouzhi, included the application of Kiwa’s biological fertilizer series, technology, finance, market and other supporting services.
Mr. Wei Rong expressed the high appreciation and also stated “The Rong’s family has a famous brand called “Xiangxian”, and has an enormous market network domestically and internationally. The agricultural produce under Kiwa’s Trinity Model of harmlessness can completely enter into the Rong’s family’s market network. In addition, Rong’s Family Investment Group is discussing all-round strategic cooperation with Kiwa and hoping to implement the cooperation as soon as possible.”
During the opening ceremony, a large number of visitors visited Kiwa’s booth and expressed their appreciation for the innocuous Trinity and the continuous praise for the kiwi produced under the Company’s Trinity Model.
Kiwa Bio-Tech Products Group Corp. (KWBT) is a publicly traded company with corporate headquarters in the Yangling, Shaanxi, China. The company develops, manufacture, markets and distributes innovative and environmentally safe bio-technological products for agriculture. Kiwa’s focus is to positively impact the environment by reducing the amount of chemical fertilizers that are being used by agricultural growers in China.
Kiwa Bio-Tech Products Group Corp. products are covered by patent protection and are designed to enhance the quality of human life by increasing the value and productivity of agricultural crops.
PRED = SALT LAKE CITY, Oct. 24, 2019 (GLOBE NEWSWIRE) — Predictive Technology Group, Inc. (OTCQX: PRED), a leader in the development of genetic and molecular diagnostics and companion therapeutics, today announced that the company has been upgraded to the OTCQX® Best Market from the Pink® market. Effective today, the company’s shares will trade under the ticker “PRED.” U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
“We are pleased to upgrade to the OTCQX® Best Market and believe this is a testament to the Predictive team who work to continuously improve our financial standards and corporate governance practices,” said Bradley C. Robinson, President and Chief Executive Officer of Predictive Technologies Group. “We welcome the broader investor reach and heightened visibility among the investment community that the OTCQX® Best Market confers on its traded companies.”
“We are pleased to be accepted to trade on the OTCQX Best Market. Our previously announced listing application for the NASDAQ Market exchange is currently in the review process,” Mr. Robinson concluded.
SPNV = HOUSTON, Nov. 05, 2019 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (NYSE: SPN; OTCQX: SPNV) (the “Company”) today announced a net loss for the third quarter of 2019 of $38.4 million, or $0.25 per share, on revenue of $425.7 million. This compares to a net loss of $71.1 million, or $0.46 per share, for the second quarter of 2019, on revenue of $436.3 million and a net loss of $21.8 million, or $0.14 per share for the third quarter of 2018, on revenue of $573.1 million.
The Company reported pre-tax charges of $9.6 million in reduction in value of assets and $2.0 million in restructuring costs, primarily in its Technical Solutions and Production Services segments. The Company also reported a gain from a legal settlement of approximately $5.8 million. The resulting adjusted net loss for the third quarter was $34.0 million, or $0.22 per share.
David Dunlap, President and CEO, commented, “Our third quarter results highlight the steady improvement occurring in U.S. offshore and international markets. Our emphasis on these markets, combined with reduced capital spending levels resulted in Superior Energy generating free cash flow and improving its cash balance.
“Despite a slight decrease in total revenue, primarily in U.S. land operations, our margins improved as we continue to right size and reorganize our operations for lower levels of activity in the U.S. land market. As the U.S. land market resets for an activity level that reflects depressed commodity prices, we will continue to seek operating efficiencies and minimize capital spending.
“In the U.S. offshore region, revenue from premium drill pipe rentals and completion tools improved as completion activity increased. International revenue also increased as demand for premium drill pipe and bottom hole assemblies continued to grow.
“In spite of the extremely difficult landscape in U.S. land markets, we believe we have exposure to competitively advantaged markets globally in which to focus our efforts. Pursuing our highest margin opportunities, controlling costs and reduced capital expenditures have resulted in an improved cash position. Our cash balance grew by $25.8 million during the quarter and has increased by $101.8 million since the end of 2018. We expect this momentum to continue and look forward to continuing to build cash for the remainder of the year.”
Third Quarter 2019 Geographic Breakdown
U.S. land revenue was $231.6 million in the third quarter of 2019, a decrease of 12% as compared with revenue of $263.0 million in the second quarter of 2019, and a 42% decrease compared to revenue of $396.8 million in the third quarter of 2018. U.S. Land revenue was down only 6% sequentially after adjusting second quarter revenue for the disposition of the drilling rig service line. U.S. offshore revenue increased 12% to $93.0 million as compared with revenue of $83.0 million in the second quarter of 2019, and a 3% increase from revenue of $90.2 million in the third quarter of 2018. International revenue of $101.1 million increased by 12% as compared with revenue of $90.3 million in the second quarter of 2019 and increased 17% as compared to revenue of $86.1 million in the third quarter of 2018.
Drilling Products and Services Segment
The Drilling Products and Services segment revenue in the third quarter of 2019 was $111.2 million, a 10% increase from second quarter 2019 revenue of $100.7 million and a 12% increase from third quarter 2018 revenue of $99.2 million.
U.S. land revenue remained flat at $46.6 million, U.S. offshore revenue increased 21% sequentially to $33.9 million and international revenue increased 21% to $30.7 million.
Onshore Completion and Workover Services Segment
The Onshore Completion and Workover Services segment revenue in the third quarter of 2019 was $145.1 million, an 11% decrease from second quarter 2019 revenue of $163.5 million, and a 51% decrease from third quarter 2018 revenue of $294.9 million. On a sequential basis, the decrease in revenue is almost entirely attributable to the disposition of the drilling rig service line during the second quarter of 2019.
Production Services Segment
The Production Services segment revenue decreased in the third quarter of 2019 by 4% to $98.7 million from $103.0 million in the second quarter of 2019, and decreased by 7% from third quarter 2018 revenue of $105.9 million.
U.S. land revenue was $32.6 million, a 16% decrease from second quarter revenue of $38.8 million. U.S. offshore revenue decreased 15% sequentially to $18.3 million and international revenue increased by 12% sequentially to $47.8 million.
Technical Solutions Segment
The Technical Solutions segment revenue in the third quarter of 2019 was $70.7 million, a 2% increase from second quarter 2019 revenue of $69.1 million and a 3% decrease from third quarter 2018 revenue of $73.1 million.
U.S. land revenue decreased 46% sequentially to $7.3 million. U.S. offshore revenue increased 22% sequentially to $40.8 million and international revenue remained flat at $22.6 million.
AACH = BRENTWOOD, Tenn., Nov. 04, 2019 (GLOBE NEWSWIRE) — Freedom from addiction is possible. That’s the message American Addiction Centers (AAC) will spread this Veterans Day in hopes of encouraging more veterans to seek help. Studies indicate that one in 10 veterans has been diagnosed with a substance use disorder. However, AAC believes there may be even more of our nation’s heroes who are hesitant to come forward. Through its social media campaign, launching on November 11, AAC is on a mission to get more veterans into treatment. To kick off the campaign, AAC will provide 30 days of free inpatient care to 10 members of the armed forces.
Beginning at 12 p.m. EST on the holiday, veterans who call the veterans hotline at (888) 902-VETS could be eligible for care.
“We’ve made it an annual tradition to provide free care on Veterans Day as our way of giving back to those who have sacrificed for our nation’s freedom,” said Michael Cartwright, CEO of American Addiction Centers. “However, our commitment to veterans is year round, from our Salute to Recovery treatment programs at Desert Hope and Recovery First to our recruitment initiative to establish a staff comprised of 25% veterans.”
American Addiction Centers chief of staff, Dan Cerrillo, is one of those staff members. The Navy SEAL veteran is sharing his personal experiences with addiction in a live Q & A on Facebook at 6 p.m. EST on Veterans Day. Other military veterans on AAC’s staff will also be sharing their stories throughout the week.
“I’ve lost over 100 guys in my peer group alone,” said Cerrillo. “For some, it was on the battlefield, but for far too many of them it happened back at home. They succumbed to substance use and suicide. That’s one of the reasons I joined AAC because I didn’t want to see another veteran suffer under my watch. I’m now on a mission to get as many veterans help as possible.”
American Addiction Centers (OTC: AACH) is a leading provider of inpatient and outpatient substance abuse treatment services. We treat clients who are struggling with drug addiction, alcohol addiction and co-occurring mental/behavioral health issues. We currently operate substance abuse treatment facilities located throughout the United States. These facilities are focused on delivering effective clinical care and treatment solutions. For more information, please find us at www.AmericanAddictionCenters.org.
HMPQ = NEW YORK, Nov. 06, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE – HempAmericana, Inc. (OTC: HMPQ) (“HempAmericana” or the “Company”), an emerging leader in the CBD products market, is excited to announce the initiation of live ecommerce sales of premium CBD-based products through the Company’s new online sales portal (hempamericana.com). The Company has already received a growing number of orders for full-spectrum CBD oil, with sales of 125mg thru 2000mg 1oz bottles already booked and in transit.
“The initial market response has been extremely gratifying to see,” commented Salvadore Rosillo, CEO of HempAmericana. “Following the official launch of our new online CBD sales portal, traffic has been strong and we anticipate robust sales growth ahead.”
The Company accelerated its timeframe to launch the online sales portal in response to research demonstrating a further jump in the growth rate for the overall CBD-based products market during the back half of 2019. According to research from MRFR, the global CBD market, which was valued at just over 3.08 billion in 2018, is estimated to register a CAGR of 125.58% from 2019 to 2026. The Brightfield Group joins in this appraisal, noting that 2019 alone is expected to show growth of over 900%.
Management believes that this rampant growth is due to widespread mainstream consumer adoption of CBD and CBD-based products. This mainstream adoption trend has accelerated as CBD products have become increasingly common on the shelves of major brand name physical retail stores. This increased awareness is feeding back into online search and ecommerce portal opportunities, creating a growing opportunity for HempAmericana and its shareholders.
Mr. Rosillo continued, “The market for CBD-based products continues to thrive, with growth accelerating aggressively so far in 2019, especially during the second half of the year. It’s the perfect time to be fully engaged as a major player in this market space. And we have a number of strategies set to roll out that will increase our share of the boom.”
Management also notes that the Company is currently in discussions with several potential distributors who are interested in helping HempAmericana sell its products on a much larger scale. More details will follow shortly.
HempAmericana is an emerging leader in the CBD products market. The Company owns and operates a high-capacity, state-of-the-art CBD extraction and processing facility located in Augusta, Maine. This facility is armed with a supersized supercritical CO2 extraction system, centrifugal partition chromatography refinement technology, and a mechanized fully-automated CBD bottling system. The Company’s CBD oil business uses the brand designation, “Weed Got Oil”. HempAmericana also researches, develops, and sells products made of industrial hemp, including a popular brand of hemp rolling papers marketed under the brand name, “Rolling Thunders”. See more at www.hempamericana.com.