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Asure Software (NASDAQ: ASUR) Surpasses Expectations with Record-Breaking Q4 and FY 22 Financial Results, Raises Guidance for 2023

Benzinga

The fourth quarter of 2022 earnings season is winding down with 94% of S&P 500 (NYSE: SPY) companies having already reported results. Overall, Q4 2022 was slightly bullish when considering 68% of S&P 500 companies reported a positive EPS surprise and 66% of components reported a positive revenue surprise. Unfortunately, the revenue and income surprises could largely be chalked up to low expectations. Earnings growth for the fourth quarter 2022 came in at a combined -4.8% for the S&P 500. According to Factset, this represents the first time the S&P 500 has reported a year-over-year decline in earnings growth since the third quarter of 2020 (-5.7%). To make matters worse, earnings revisions from December 31, 2022, estimated earnings growth of -3.3%. This means, on an overall basis for the S&P 500, companies saw worse earnings growth declines than were estimated. The first quarter of 2023 doesn’t look to be much better for the index, as 76 companies in the S&P 500 have issued negative EPS guidance, compared to only 21 components issuing positive guidance. Not all Q4 2022 earnings have been a disappointment, however. Asure Software (NASDAQ: ASUR) just released record Q4 and full-year 2022 financial results that blew the top off of expectations. With these latest results, Asure’s increases its consecutive earnings estimate beat streak to the last ten quarterly periods. ASUR: Breaking Down the Record Q4/FY 22 Results Asure Software, a cloud-based human capital management (HCM) services provider to small and medium businesses (SMBs), released its Q4 and full-year 2022 financial results after the market close on February 27, 2023. Q4 2022 Results For the fourth quarter, the HCM provider generated record quarterly revenues of $29.3 million, which represents an impressive growth of 39% from Q4 2021. Recurring revenues topped $24.1 million, up 25% year-over-year. EBITDA for the quarter rose $3.5 million y/y to $5 million. Adjusted EBITDA rose $3.7 million y/y to $6 million. For context, Asure had previously issued guidance for the fourth quarter estimating a revenue range between $23.5 million to $24 million and an adjusted EBITDA range between $3 million and $3.5 million. If we take the higher end of the Q4 guidance into account, Asure’s actual Q4 2022 revenue came in 22% higher than its $24 million estimate. Meanwhile, adjusted EBITDA came in a whopping 71.42% higher than the $3.5 million high-end estimate. Full-Year 2022 Results Turning to the full-year 2022 results, Asure reported total revenue of $95.8 million, up 26% y/y. Recurring revenue jumped 21% y/y to $86.2 million. EBITDA came in at $8.8 million, compared to last year’s $13.5 million result. However, last year’s EBITDA included an extraordinary gain of $18.8 million. Adjusted for the extraordinary gain, Asure’s 2021 EBITDA would have been $3.4 million. Adjusted EBITDA for 2022 increased $4.2 million to $11.8 million. Again, Asure reports very strong top and bottom-line results on a year-over-year basis, but let’s compare the results to the company’s FY 22 guidance. For the year 2022, Asure originally estimated a revenue range between $90 million and $90.5 million. Adjusted EBITDA was expected to come between $10.5 million and $11 million. If we again focus on the higher end of the guidance ranges, Asure's total revenue for the year came out 5.86% higher than estimated. Adjusted EBITDA came in greater than 7.27% compared to management's guidance. Asure Issues Q1 2023 Guidance and Raises Full-Year 2023 Estimates After finishing strong in 2022 and hitting the ground running to start 2023, Asure's management has raised its full-year 2023 revenue and adjusted EBITDA guidance. The company also provided its initial guidance for Q1 2023. Previously-issued guidance for the year 2023 originally estimated a revenue range between $98 million and $102 million, with an adjusted EBITDA range between 14% and 16%. Asure now estimates total revenues between $105 million and $107 million, on an adjusted EBITDA range between 15% and 17% for the full-year 2023. This is a robust guidance increase that likely takes into consideration Asure’s big-name partnerships that have been secured with Intuit (NASDAQ: INTU) TurboTax, H&R Block (NYSE: HRB), and ZayZoon through the first two months of 2023. In addition, the current uncertain economic environment continues to be an ideal situation for Asure, as SMBs look to continue streamlining operations, cut costs and stay competitive for top employee talent. In its Q4 2022 earnings release, Asure also issued its initial guidance for the first quarter of 2023. The HCM provider estimates revenues coming between $29 million and $30 million for the quarter, with an adjusted EBITDA range of $6 million and $6.5 million. Wall Street Analysts Blown Away By Asure’s Strong Results, Reiterate Bullish Outlooks Analysts covering Asure have been bullish for the past several months. However, the six prestigious analysts covering the stock just took another step in their bullish belief of Asure’s outlook. After the company’s robust financial results, all six analysts took the opportunity to reiterate their “buy” ratings and even raised their price targets. Five-star analyst, Richard Baldry of Roth MKM, reiterated his “buy” rating and rose his price target to $23.00 from $16.00. Five-star analyst, Jeff Van Rhee of Craig-Hallum, reiterated a “buy” rating and increased his price target to $18.00 from $14.00. Five-star analyst, Vincent Colicchio of Barrington, reiterated a “buy” rating and rose his price target to $15.00 from $12.00. Five-star analyst, Ryan MacDonald of Needham, reiterated a “buy” rating and increased his price target to $20.00 from a previous target of $14.00. Four-and-half-star analyst, Bryan Bergin of Cowen & Co., reiterated a “buy” and rose his price target to $15.00 from $13.00. Four-star analyst, Eric Martinuzzi of Lake Street, reiterated a “buy” rating and increased his price target to $17.00 from $8.00. Overall, Asure Software continues to reliably outpace earnings expectations, as the Q4 2022 results mark the tenth consecutive quarterly period of beating estimates. This comes during a time when larger-cap stocks in the S&P 500 collectively saw negative earnings growth during the fourth quarter of 2022 and warned of negative EPS guidance for the first quarter of 2023. Asure's HCM suite of products and services continues to hold great value among its SMB clients, as can be seen with the strong recurring revenue. The company has an astounding client retention rate, combined with its strong drive to build partnerships and add new offerings to its client base, which continues to be a winning formula for Asure. If 2023 is anything like 2022, Asure Software is on track for another big year ahead. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement. All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated five thousand dollars cash by Asure Software for the creation and dissemination of this content by the company. This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions. Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/ The Post Asure Software (NASDAQ: ASUR) Surpasses Expectations with Record-Breaking Q4 and FY 22 Financial Results, Raises Guidance for 2023 First Appeared on Spotlight Growth. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 02, 2023 11:45 AM Eastern Standard Time

BridgeFT Named the Best Data, Information or Business Intelligence Provider at the Second Annual WealthBriefing WealthTech Americas Awards

BridgeFT

BridgeFT, a cloud-native, API-first Wealth Infrastructure software company that enables financial institutions, FinTech innovators, and registered investment advisors to deliver better, data-driven outcomes for their clients, announced today that it has been awarded “Best Data, Information or Business Intelligence Provider (US)” at the Second Annual WealthBriefing WealthTech Americas Awards. Showcasing “best of breed” in the Americas region, the WealthBriefing WealthTech Americas Awards are designed to recognize outstanding organizations grouped by specialism and geography which the prestigious panel of independent judges deemed to have “demonstrated innovation and excellence during the last year.” “BridgeFT provides critical data and application infrastructure so our clients and partners can deliver more differentiated value propositions and attract attention,” said Joe Stensland, Chief Executive Officer of BridgeFT. “Before the launch of WealthTech API, gaining access to and managing the vast amount of wealth data relied on legacy systems that required significant time and money. Now, financial institutions and fintech innovators can use our WealthTech-as-a-Service to bring to market truly differentiated products. We are honored to be recognized for our commitment to delivering modern, API-first wealth infrastructure that empowers our clients with full control over mission critical data and the digital experiences they want to create, without the need to build their own infrastructure. ” BridgeFT recently launched WealthTech API, our WealthTech-as-a-Service platform offering a single, open API to trade-ready, multi-custodial data, analytics, and applications. BridgeFT’s WealthTech API empowers clients to reimagine the potential of their financial data and technology stack, using the power of the cloud. As the industry’s only API-first, cloud-native wealth infrastructure platform, WealthTech API removes the need for individual data feeds from a range of custodians and back-office providers, allowing wealth management firms and FinTech companies to create differentiated, next generation wealth management applications. Custodians hold a range of data that drives the investment ecosystem, from positions and balances to client holdings and trades. Each individual custodian has its own data policy, structure, and systems, forcing FinTech companies and other financial institutions to build custom programs for each custodian to ingest the data. This adds both development time and cost. By simplifying access to the underlying data, WealthTech API allows financial innovators to rethink and streamline their own tech stacks and create differentiated tools and solutions for their own clients with BridgeFT’s applications and developer-to-developer support. The WealthBriefing WealthTech Americas Awards are part of a global program run by WealthBriefing and its sister publications WealthBriefingAsia and Family Wealth Report, encompassing all of the world’s major wealth management centers. “The organizations and individuals who triumphed in these awards are all worthy winners, and I would like to extend my heartiest congratulations to the winners and to those who have put so much work into each winning submission,” said Stephen Harris, Chief Executive Officer of ClearView Financial Media and Publisher of WealthBriefing. “These awards recognize the very best operators in Americas’ wealth management, with ‘independence,’ ‘integrity,’ and ‘genuine insight’ as the watchwords of the judging process, such that the awards truly reflect excellence in Americas’ wealth management.” About BridgeFT BridgeFT is a cloud-native, API-first Wealth Infrastructure software company that enables financial institutions, FinTech innovators, TAMPs, and registered investment advisors to deliver better, data-driven outcomes for their clients. Leading financial services firms and technology companies trust BridgeFT to power their digital wealth management ecosystems and automate critical back-office operations—seamlessly aligning essential wealth data, proactive client insights and reporting, and portfolio management automation to deliver a truly personalized client experience. From an integrated advisor solution to the industry’s only WealthTech-as-a-Service platform offering open APIs, BridgeFT delivers the infrastructure needed to power next generation wealth management applications. For more information, visit bridgeft.com. Contact Details Media media@bridgeft.com Company Website https://www.bridgeft.com/

March 02, 2023 10:20 AM Eastern Standard Time

The Publisher Desk Named to Inc. 5000 Regionals Fastest-Growing Companies List

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 earned a spot on the Inc. 5000 Regionals List of the Northeast Region’s Fastest-Growing Companies, with a rank of No. 117. “We are incredibly proud of our entire team for helping us achieve this important milestone,” said Jeff Misenti, co-founder of The Publisher Desk. “Over the past several years, we have seen tremendous growth. We look forward to building on those successes in 2023 and beyond.” Founded in 2014, The Publisher Desk provides technology, advertising operations, and sales and marketing to empower sports, lifestyle and business media brands and helps them connect with their audience and value-aligned advertisers. In the past four years, the company has experienced revenue growth of 135%, which has allowed The Publisher Desk to invest in its world-class staff and add both independent and owned-and-operated publishers to its portfolio, including its flagship sports site, Sportsnaut. “I want to thank our entire team for their hard work and dedication,” said Christopher Ward, co-founder of The Publisher Desk. “Inclusion in the Inc. 5000 list of fastest-growing companies in the Northeast is testament to our employees. From prospecting and sales to marketing integration, The Publisher Desk team routinely goes above and beyond to help our clients grow their businesses.” The 2023 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2019 and 2021. To qualify, companies must have been founded and generating revenue by March 31, 2019. They had to be U.S.-based, privately held, for-profit and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2021. The minimum revenue required for 2019 is $100,000; the minimum for 2021 is $1 million. “This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies,” said Scott Omelianuk, editor-in-chief of Inc. Magazine. “They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come.” 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. Contact Details For The Publisher Desk press@publisherdesk.com Company Website https://www.publisherdesk.com/

March 02, 2023 10:02 AM Eastern Standard Time

Casela Technologies Introduces High-Power, High-Efficiency DFB Lasers for Silicon Photonics-based Transceivers at OFC 2023

Casela Technologies

Casela Technologies, a global, vertically integrated semiconductor laser company delivering high-performance laser technology, products and platforms for data communications infrastructure worldwide, today announced the introduction of its 1310nm band high-power, continuous-wave (CW) distributed feedback (DFB) lasers with record high power conversion efficiency and optical powers for silicon photonics-based transceivers. The new laser, along with Casela’s other innovative products, will be on display in booth #1929 at next week’s OFC (Optical Fiber Communication Conference) in San Diego, Calif., from March 5 - 9, 2023. Digital transformation, 5G, passive optical network (PON) and cable fiber initiatives continue to drive bandwidth growth for optical communications. East west traffic inside data centers continues to increase bandwidth demand year over year between 40 and 50%. 400G is the current state of the art, but there is already a roadmap for 800G and then 1.6T. Silicon photonic-based transceivers are the leading solution for transceivers used inside data centers and for client optics in service provider networks. These optical transceivers and new co-packaged systems-on-chip (SoC) architectures require very efficient, high-power, low-noise lasers at various wavelengths. With increased baud rate and lane count (4X or 8X) and bandwidth growth from 400G to 1.6T, optical power requirements have increased. Casela’s new 1 and 2 mm long DFB lasers achieve 125mW to 200mW optical power when uncooled and 300 to 400mW, respectively, when cooled, enabling the use of single laser for DR4 and DR8 transceivers. High optical powers are achieved at industry-leading power conversion efficiencies of 30% when cooled and 20% when uncooled operating at the maximum rated power. Key features include large modes with near-circular profiles that improve coupling efficiency to fibers or silicon-based waveguides and reliable operation proven during accelerated life testing. The same high-efficiency, high-power laser design is also available at other WDM, LAN-WDM and CWDM4 wavelengths. The technical details for the lasers will be presented at OFC: “Record high-efficiency high-power uncooled 1.31 um CW-DFB lasers” Monday, March 6, 2023 - 4:30 pm - 4:45 pm PST, Session: M4C.1, Room 3 By: Milind Gokhale, Casela Co-founder and Chief Technology Officer “Casela was founded by industry veterans to focus on an innovative path to higher laser powers and efficiency demanded by new requirements in datacenters and system-on-chip (SOC) applications,” said Dr. Bo Lu, CEO of Casela Technologies. “With the demonstration and publication of our industry-leading laser results at OFC 2023, we are announcing our new laser platform and products for transceiver and co-packaged optics applications. We are also pleased that Casela’s high-output laser performance has been validated by multiple customers and will be available in high-volume production in 2H2023.” About Casela Technologies Casela is developing a broad range of lasers, including CW lasers, electroabsorption-modulated lasers (EMLs), and external lasers modules using a proven and reliable buried heterostructure laser platform. For more information, visit www.caselatech.com Contact Details Wilkinson + Associates for Casela Leah Wilkinson +1 703-907-0010 leah@wilkinson.associates

March 02, 2023 09:06 AM Eastern Standard Time

Tribevest Debuts “Open Tribes” to Allow More Investors to Participate in Private Investments

Tribevest

Tribevest, the leaders in group investing, announced today they launched a new product called Open Tribes, designed to pave the way for investors to participate in more private investments. Open Tribes are fully-serviced, turn-key investor groups that lower the barrier to entry for private assets such as real estate syndications and other investments that require large minimums. Through the Open Tribe process, multiple investors can contribute capital towards a specific deal under the umbrella of an active multi-member LLC. Through Tribevest’s services, the tribe will be protected by a ratified operating agreement and offer the ability to pool capital safely and quickly. Once all the funds are pooled from all the members of the LLC, the tribe can invest in a specific deal as one business entity. For example, if an Open Tribe of 10 people contributes $10,000 each, their LLC can reach a $100,000 minimum for a single investment. “This is an absolute game changer in the world of private investing,” said Travis Smith, Founder and CEO of Tribevest. “An Open Tribe will have an immediate impact on a deal sponsor looking to raise capital as well as an investor looking to get into more deals and diversify their portfolio.” Tribevest pre-launched Open Tribes in January of 2023, where over $1 million was raised on three deals. Tribevest worked with sponsors raising money for private real estate syndications. Those companies included Rise48 Equity, Aspen Funds, and Motel to Apartment Conversions. Members from the Left Field Investors’ community joined forces through three Open Tribes to reach a minimum and invest in properties that included an apartment complex in Dallas and a retail shopping center in Kansas City. A single check was sent to the deal organizer, while Tribevest handled the back-office administration. Smith added, “Tribevest was founded to allow friends and family to invest together as a group. We still provide that service and have thousands of tribes actively building wealth together. Now, through an Open Tribe, an investor doesn’t need to have a prior relationship with other tribe members. Plus, deal partners and sponsors can raise more capital without the burden of the admin that comes with adding more investors to a deal.” Tribevest provides the tools, including an FDIC-insured bank account, cap ledger, cap table, and tax services, to quickly, safely, and transparently operate as an active multi-member LLC. “The response by our Left Field community during the Open Tribe pre-launch period was overwhelming,” said Jim Pfeifer, Founder of Left Field Investors. “I believe we unlocked a door that will bring more people to passive real estate investments beyond the wealthiest individuals. We expect Open Tribes to become a critical tool that allows investors to diversify and effectively lower minimums. Our partnership with Tribevest is having a huge impact on passive investing in syndications by making group investing easy.” “Tribevest and their ‘Open Tribes’ model is truly an innovative structure that allows investors to compliantly gain access to opportunities to grow their wealth,” said Zach Haptonstall, CEO of Rise 48 Equity. “We have enjoyed our partnership with Tribevest and their founders as we work together to create conservative investment opportunities for those looking to invest into real estate. I expect Tribevest and Open Tribes to grow quickly and be a name brand in the real estate industry for years to come.” Tribevest has partnerships in place with Aspen Funds, BV Capital, Life Bridge Capital, Rise48 Equity, Sugo Capital, and Viking Capital. Capital raisers interested in learning more about an Open Tribe can go to https://www.tribevest.com/opentribes. About Tribevest Founded in 2018, Tribevest is a collaborative, group investing platform that enables friends, family, and like-minded people to organize as an investor group, pool money, and manage co-owned investments. Based in Columbus, Ohio, Tribevest was founded by entrepreneur Travis Smith. Tribevest believes that forming and funding small to mid-sized investment groups will allow the general U.S. population to uncover a wealth of viable investment pathways to achieving personal financial freedom. Learn more about Tribevest at Tribevest.com or follow the company on LinkedIn, Twitter, Instagram, and Facebook. Contact Details Eric Nemeth nemeth@ericpr.com Company Website https://www.tribevest.com/

March 02, 2023 08:55 AM Eastern Standard Time

Volatus Aerospace Expands Electric Utilities Business in US with Acquisition of Sky Scape Industries, LLC.

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) (“Volatus” or “the Company”) announced today that it has signed an arm’s length definitive agreement to acquire Sky Scape Industries, LLC., a New Jersey based company providing airborne intelligence data services. Founded in 2014, Sky Scape Industries uses remote sensing techniques to provide comprehensive inspection services including facility, structural, line, and right of way for power utilities, emergency response for oil and gas, and façade inspection services for property management. The company utilizes crewed and uncrewed aircraft and has operated nationwide in over 24 states. “Glen Lynch, CEO of Volatus Aerospace Corp. commented, “the addition of Sky Scape brings significant opportunity for margin improvement through synergies with our existing business units. It further expands our service offering and continues growth in core sectors including power utilities, oil and gas, and façade inspection.” “Joining Volatus provides Sky Scape with the resources needed to fully leverage and expand its customer relationships,” said David Yoel, CEO of Sky Scape. “The extensive Volatus pilot network, existing fleet of crewed aircraft, helicopters, and drones enhances Sky Scape’s offering, and their expansive sales team will help drive our growth.” Under the terms of the agreement, the total purchase price, subject to an earn-out provision, is approximately C$845,000 (US$620,000), paid as follows: An initial payment of approximately C$422,500 (US$310,000) in the form of newly issued common shares of Volatus Aerospace Corp. The number of VOL shares to be issued will be based on the share price at closing or the prior 30-day VWAP, whichever is higher. Volatus shall have the option to make the first payment in cash in lieu of shares. The earn-out payment of C$422,500 (US$310,000), will be payable twelve (12) months after closing, in the form of additional Volatus shares issued on the share price of C$0.65 or the prior 30-day VWAP, whichever is higher. This payment is conditional on Sky Scape retaining approximately C$1M of inspections already contracted for 2024. This announcement is in line with the Company’s objectives to continue expansion in the US Market as well as growing its presence in large scale aerial intelligence services for oil and gas, power utilities, rail, construction, engineering, and inspection industries. The acquisition of Sky Scape Industries is anticipated to close on March 31 st or such other agreed date conditional on satisfactory completion of due diligence, approval of the respective Board of Directors, key clients, and regulatory approval of the TSX Venture Exchange. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Non-IFRS Measures This news release includes certain terms or performance measures that are not defined under International Financial Reporting Standards (“IFRS”), such as “annual recurring revenue” (“ARR”) and gross margin. ARR used in this news release refers to annual revenue generated from multi-year contracts and the Company derives gross margin by subtracting costs of goods sold from total revenue and dividing such number by total revenue. ARR and gross margin are not recognized, defined or standardized under IFRS and accordingly, the Company’s definition of ARR may differ from definitions used by other companies and therefore comparability may be limited. ARR should not be considered a substitute for or considered in isolation from measures prepared in accordance with IFRS. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes, but is not limited to: (i) the business plans and expectations of the Company; (ii) the closing of the proposed Transaction and timing thereof; (iii) expectations related to the Transaction and anticipated benefits thereof, (iv) opportunities for significant gross margin improvement and other anticipated benefits of the transaction to the Company; and (iv) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs of management of the Company as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors are based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the completion of the Transaction and timing of completion; satisfaction of all closing conditions to the Transaction; the anticipated benefits of the Transaction to the Company; TSX Venture Exchange approval of the Transaction; and anticipated and unanticipated costs and other factors referenced in this news release, and including, but not limited to, those factors set forth in the Company’s Annual Information Form under the section “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

March 02, 2023 07:30 AM Eastern Standard Time

EPAZ Set To Soar In High Flying Drone Market

RazorPitch EPAZ

The drone industry has witnessed a significant growth trajectory in recent years, and the trend is expected to continue in the coming years. The adoption of drone technology has been on the rise in various industries such as agriculture, real estate, delivery services, and surveillance. In recent years, the use of military drones has grown significantly, and these unmanned aircraft systems are now an essential part of many military operations worldwide. As a result, the market for manufacturing military drones has experienced rapid expansion, and investors are becoming increasingly interested in chances to invest in businesses that make these cutting-edge technologies. The drone industry is predicted to expand quickly, with a CAGR of 38.6% from 2023 to 2030, creating the possibility of a very profitable investment opportunity. There are many different companies to choose from when investing in drone stocks; in this article, we'll focus on a few of the major players in this quickly developing market. Epazz, Inc. (OTC: EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions. On March 1, Epazz announced that the US Air Force had invited ZenaDrone, a spinoff of Epazz, to showcase the ZenaDrone 1000 at an air base in California on March 16 and 17. This will be ZenaDrone’s first visit to a military base to interact with personnel and gain insight into their drone technology’s potential use in the Air Force. The invitation follows another recent EPAZ announcement that Zenadrone had submitted Phase I SBIR proposals to the US Government. ZenaDrone will hear back from the government in 90 days. The SBIR program is designed to get products into the government market. Additionally, if ZenaDrone is a part of the program, there will be opportunities to sell our drones to US allies. The SBIR program has multiple phases: Phase I contracts have a value of up to $75,000, per proposal Phase II contracts have a value of up to 1.2 million, per proposal There are additional phases after II, that open up major government contracts worth up to $15 million over the next three years. EPAZ has an opportunity to make significant revenue from the SBIR contracts over the course of the next few years. Epazz CEO Shaun Passley, Ph.D., said, “We are taking multiple pathways to become a government contractor of drones. It is a major opportunity for us, as Chinese drones are banned in the US government. It has opened up major demands for our drones.” The US government has a major need for non-Chinese drones. The government is pushing initiatives to obtain made-in-America drones through its BlueUAS program. ZenaDrone is currently in the process of applying for BlueUAS. According to the company, the current list of American-made drones is very short. ZenaDrone Inc. is a provider of a multifunctional unmanned aerial vehicle equipped with machine learning systems, multispectral sensors, and AI technology. A 3D interactive environment is made by ZenaDrone using the data its cameras collect. The ZenaDrone team will employ predictive AI analytics, a type of analysis that makes predictions of future events based on collected data by using techniques and resources to build predictive models. Data mining, statistical modeling, machine learning algorithms, and complex mathematics are some of the methods used in predictive analytics. EPAZ finished Wednesday up 18.18%. With more news on the way, put EPAZ on your watchlist. Additional stocks in the drone segment that are worth noting are: Draganfly, Inc. (NASDAQ: DPRO) (CSE: DPRO) is an award-winning, industry-leading drone solutions and systems developer. On the 28 of February,it announced that its Field Operations Team successfully completed site assessments in Ukraine as part of the first phase of integration of its landmine detection technology. Draganfly personnel have completed operations and site assessments to integrate personnel and technology into upcoming landmine detection operations. These missions were critical in determining the array of complex sensors and equipment that would be required to aid in the advancement of mine clearance strategies and the allocation of field resources. Teledyne Technologies Incorporated (NYSE:TDY) is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne FLIR, a Teledyne Technologies company, is a world leader in intelligent sensing, unmanned systems, and integrated solutions for defense and industrial markets. On Feb. 8th, Teledyne FLIR Defense announced that it has been awarded a $13.3 million contract by the U.S. Department of Defense to further expand the capabilities of its R80D SkyRaider unmanned aerial system to autonomously perform chemical, biological, radiological and nuclear reconnaissance missions. AeroVironment (NASDAQ: AVAV) offers technological solutions that combine robotics, sensors, software analytics, and connectivity to produce more useful intelligence. Announced on March 1, AVAV was selected by the United States Army on Feb. 28, 2023, to move forward in the Future Tactical Unmanned Aircraft System program (FTUAS). AeroVironment is the only company to secure an award for all FTUAS program increments, including FTUAS Increments 0,1 and now 2 Increment 2 is the final phase of the U.S. Armys FTUAS program competition to select a replacement for the RQ-7B Shadow UAS. Honeywell (NASDAQ: HON) delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. In early February, a drone piloted by the Honeywell IntuVue RDR-84K radar system demonstrated the UAV dodging collisions autonomously in test. The tests showed that the radar can not only detect airborne traffic but can also decide autonomously on a course of action. The radar can take over navigation and pilot an aircraft to safety using its onboard processor. The primary business of Lockheed Martin Corporation (NYSE: LMT), a multinational security and aerospace company, is the research, design, development, manufacture, integration, and maintenance of advanced technology systems, products, and services. Lockheed Martin has been providing advanced autonomous systems to the US military and its allies for decades. Through strategic investments and nontraditional partnerships, LMT is combining commercial best practices with their technological expertise to bring autonomy capabilities to the defense industry rapidly and affordably. An announcement made on March 1 stated that Fortem Technologies, a pioneer in the fields of airspace awareness, security, and defense, had received $17.8 million in funding. Newly important industry investors, including Lockheed Martin Ventures as well as Hanwha Aerospace and AIM13/Crumpton Venture Partners, were the main drivers of the funding. Existing investors, DCVC and Signia Venture Partners, have also contributed additional funds. The company's expansion and opportunity in the counter-UAS and advanced air mobility markets are strongly supported by the investments made by these sector-leading businesses. Razorpitch Inc. is a marketing communications and investor relations firm serving private, pre-IPO, and public companies. RazorPitch specializes in corporate, investor, and stakeholder communications, with a primary focus on sponsored media. Our goal is to raise visibility, expand awareness, and increase value. To learn more, visit RazorPitch.com. Disclaimers: This article contains sponsored content. 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. RazorPitch is responsible for the production and distribution of this content. RazorPitch 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. RazorPitch authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. RazorPitch has been compensated by EPAZ 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. Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://razorpitch.com

March 02, 2023 05:00 AM Eastern Standard Time

News Release

ShiftCarbon details US$5M engagement with solutions by stc; initial roll-out of Focused Footprint

ShiftCarbon

ShiftCarbon CEO Wayne Lloyd joined Proactive's Stephen Gunnion with details of the company's first revenue-generating engagement with Saudi Arabian tech giant solutions by stc. The first phase of revenue from the project is estimated to be US$5 million, and Lloyd said there is potential for additional revenue in the form of a long-term supply of goods as the smart city becomes operational. ShiftCarbon, an Internet of Things (IoT) platforms provider and innovator in end-to-end decarbonization solutions, has also announced it is rolling out its Focused Footprint tool for carbon emissions calculations in the marine industry. Lloyd told Proactive there is scope for Focused Footprint to be extended to other industries as they tackle their carbon emissions. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 01, 2023 01:57 PM Eastern Standard Time

Video

Boys & Girls Clubs of Snohomish County and Comcast Partner to Open New Digital Computer Lab for Kids in Lynnwood

Comcast Washington

Boys & Girls Clubs of Snohomish County (BGCSC) and Comcast opened a new Enhanced Lift Zone at the Alderwood Boys & Girls Club in Lynnwood last night. Comcast provided an $85,000 investment and state-of-the-art technology makeover for the space to take full advantage of the free internet connectivity already offered by the company through its Lift Zone program. The technology equipment installed in the Enhanced Lift Zone includes a 3D printer, 20 computers, webcams, TV displays to support group video lessons and more. Comcast also announced an additional $25,000 donation to Boys & Girls Clubs of Snohomish County for additional programing at the Grand Opening Ceremony. The contribution is part of a long partnership between the two organizations and will provide immersive tech and STEM-related activities for kids in Snohomish County. Lynnwood Mayor Christine Frizzell and Snohomish County Council Legislative Aide Josh Thompson joined the Boys & Girls Clubs of Snohomish County, Comcast, and more than 50 local families at the unveiling ceremony yesterday at the Alderwood Boys & Girls Club. According to a K12 Report Card from the Washington Office of Superintendent of Public Instruction ( OSPI ), fewer students in Washington state schools have met English, Math, and Science standards since the pandemic. Further complicating this trend is that 20 percent of fourth-grade and 10 percent of eighth-grade students in Washington do not have access to the internet and a computer at home, according to a study from the National Center for Education Statistics. "Lack of internet access in the home limits access to education, and our new Enhanced Lift Zone from Comcast can play a critical role in supporting kids to help them with their schoolwork and activities in reading, writing, math, and science," said Marci Volmer, COO – The Boys & Girls Clubs of Snohomish County. "This space is part of a much larger effort with Comcast to connect students in the home through discounted service programs like Internet Essentials and outside the home with additional Lift Zones at our 12 clubs in Snohomish and Island Counties." Lift Zones and Enhanced Lift Zones are a part of Comcast's ongoing commitment to help connect students and families in need to the internet so they can fully participate in educational opportunities and the digital economy. Since 2020, Comcast has collaborated with cities, community organizations, and local nonprofit partners to install Lift Zones with free WiFi service in nearly 100 community centers across Washington state. "Connectivity in the home continues to be our top priority with Internet Essentials, and the number one solution for income-constrained households," said Boys & Girls Clubs of Snohomish County Board Member and Comcast Pacific Northwest Region VP of Finance and Business Operations Kevin Harrison. "But it is not the only answer. Comcast also plays an important role in connecting people to the internet outside the home, and our Lift Zones and Enhanced Lift Zones seek to address that need." This effort is part of Project UP, Comcast's $1 billion commitment to reach tens of millions of people over the next 10 years with the tools, resources, and skills needed to succeed in a digital world. Project UP is Comcast's company-wide initiative to advance digital equity, which includes Internet Essentials, the nation's largest and most comprehensive broadband adoption program. Since 2011, Internet Essentials has connected more than 140,000 households in Washington, including nearly 14,000 households in Snohomish County, to high-speed internet at home, many for the first time. Internet Essentials' comprehensive design addresses three significant barriers to broadband adoption, including access to free digital literacy training in print, online, and in-person; the option to purchase a heavily subsidized, low-cost internet-ready computer; and low-cost, high-speed internet service for $9.95 a month, plus tax. For more information about Internet Essentials and Comcast’s commitment to education and digital equity, please visit https://corporate.comcast.com/education. To apply, visit www.internetessentials.com or call 1-855-846-8376 for English or 1-855-765-6995 for Spanish. For more information about Comcast’s comprehensive connectivity program for low-income Americans visit https://corporate.comcast.com/values/internet-essentials. Comcast is also proud to participate in the Affordable Connectivity Program (ACP), which provides eligible households a credit of up to $30/month towards internet and mobile services. For more information, visit https://www.xfinity.com/learn/internet-service/acp About Boys and Girls Clubs of Snohomish County The Boys & Girls Clubs of Snohomish County is a non-profit organization providing young people ages 5-18 with a safe and positive place to spend their time before and after school and during the summer. Clubs are strategically located in neighborhoods and are accessible to all kids. Since 1946, the Boys & Girls Clubs of Snohomish County has been helping young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens. To learn more, please visit our website: https://bgcsc.org/ About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Jack Follman jack__follman@comcast.com Company Website https://washington.comcast.com/

March 01, 2023 09:45 AM Pacific Standard Time

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