development

Families Facing Food Insecurity Receive Over 27,000 Meals From Employees at CDF Labor Law

The stories are endless of jobs suddenly gone forever and families struggling to get by. As cities across the nation continue to deal with the economic fallout from the COVID-19 pandemic, employees at CDF Labor Law LLP (CDF) got busy partnering with food banks and programs aimed to get food into the hands of hungry communities.

“There isn’t anyone in our five offices who haven’t seen neighbours, friends and family’s jobs disappear because of the pandemic, it’s heartbreaking,” says longtime employee Dorothy Rausa at CDF. “I know I speak on behalf of other employees at the firm when I say how appreciative I am of the firm’s stalwart efforts in the communities in which we work and live to help those in dire need.”

She adds, “My co-workers were eager to give, plus with our firm’s donation it made this project more important, I love that we take action to help others—not just during the holidays—but all year long.”

CDF participated in the 5th annual Food from The Bar program, a campaign driven by the Orange County legal community which raises awareness and provides critically needed meals to food-insecure children, families and seniors in Orange County. Though not the largest law firm, CDF alone, through employee donations and firm sponsorship, raised over $9,000, providing 27,000+ meals to those in need.

Hosted by the Second Harvest Food Bank of Orange County, which ran this year’s program between June 1, 2021 – July 2, 2021, the legal community raised a record-breaking $117,661.38 which equates to 352,984 meals.

According to Firm Managing Partner, Marie DiSante, the mobilization of employees from all of its five offices throughout California was inspiring “It was an amazing outpouring of generosity. We may not be as large as other firms, but our employees have huge hearts. I couldn’t be prouder,” she says.

“I don’t think anyone could have predicted how desperate the food need is this year,” said Megan Hunker, Donor Relations Associate at Second Harvest Food Bank of Orange County. “CDF’s continued support, especially during a year like this has made a significant impact for Orange County children, families and seniors,” she adds.

About CDF Labor Law LLP

For over 25 years, CDF has distinguished itself as one of the top employment, labour and immigration firms in California, defending, advising and counselling national and regional employers with California employees and workforces, as well as California-based startups, midsize ventures, and privately and publicly held companies and Fortune 500 corporations on legal compliance. CDF is ranked highly for its hiring and promotion of women and minorities and is committed to supporting the communities in which they work and live.

Its blog, https://www.callaborlaw.com/ has over 5,000 subscribers who seek up-to-the-minute alerts on what California employers need to know about the state’s ever-changing maze of laws and regulations.

For more information, visit https://www.cdflaborlaw.com/.

News Source: CDF Labor Law LLP


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LT Trust Launches Game Changing Participant Digital Experience

LT Trust, a leader in providing low-cost 401(k) solutions to small businesses, has announced the release of its cutting-edge participant website. This stunning new interface, combined with several unique features, provides all companies access to a world-class retirement plan website experience that is typically only available to large corporations.

LT Trust, a leading provider of low-cost 401(k) solutions to small businesses, announced the release of its cutting-edge participant website. This stunning new interface, combined with several unique features, provides all companies access to a world-class retirement plan website experience that is typically only available to large corporations.

Highlights include:

  • Interactive charting of daily balances against employee contributions and total contributions (employee + employer)
  • Retirement income projections in both dollars and as a percentage of goal
  • Simplified, goal-based enrollment experience through iJoin
  • Contribution history graphing by source over time
  • Contemporary dark blue theme

The new participant experience is also accessible through a mobile app available in the Apple app store and Google Play store. The mobile app includes all the features available through the website, plus push notifications, such as alerting participants when a new contribution is posted to their account.

Burke Johnson, Executive Vice President and Chief Operating Officer of LT Trust, stated, “We spent a lot of time gathering feedback from our participants. We then used those insights to create one of the most innovative digital 401(k) approaches available to emerging businesses.” Mr. Johnson went on to explain how the user interface was refined, “Participants were presented with different themes to select from, ensuring that our vision was in line with their preferences and consistently they praised the modern, clean interface and loved the vibrant colours.”

Willi Schatz, Vice President of Investments at Elliott Cove Capital Management in Seattle, WA, commented, “LT Trust’s commitment to technology and meeting the needs of advisors and participants is refreshing. This new website is a bold statement that the retirement plan industry should be looking to follow. It creates a much-needed and impressive experience often seen in the retail investing marketplace. Participants will especially love the unique daily balance history chart; I am not aware of any other recordkeepers offering something similar. “

The new participant website is the latest step forward in LT Trust’s goal of becoming the premier technology solution in the small plan 401(k) market. Last year it released PartnerLens, a unique data visualization experience for advisors. Next up is SponsorLens, currently in beta testing, which will provide a similarly modern, data-driven interface for Plan Sponsors.

About LT Trust

Headquartered in Denver, Colorado, LT Trust provides low-cost 401(k) recordkeeping and administration services to growing businesses in all 50 states. By offering an open architecture 401(k) platform with access to almost 30,000 investment options, LT Trust enables its advisors to construct best-of-breed fund lineups without imposing any product requirements. LT Trust administered over 4,400 retirement plans with over $5.7 billion in assets as of June 30, 2021. On July 29, 2021 LT Trust announced it signed a definitive agreement to be acquired by American Trust Company; the transaction is expected to close within the next month.

Contact:
Burke Johnson | LT Trust                                            
(303) 658-3731 | Burke.Johnson@LTTrust.com


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Men’s Closet Annual Back to School Backpack Giveaway to Take Place on Sunday, August 1, 2021

Staff from Men’s Closet will Give Away 300 Backpacks Filled with School Supplies Along with Hygiene Packs and More

Men’s Closet is pleased to announce the Men’s Closet Annual Back to School Backpack Giveaway. The event will take place from 10 a.m. to 2 p.m. on Sunday, August 1, 2021, at the Men’s Closet Clothing Store in Orlando located at 5510 W. Colonial Drive, Suite 102, in Orlando, Florida.

To learn more about the Men’s Closet Back 2 School Backpack Giveaway, please visit https://fb.me/e/1xchmztWv.

As a company spokesperson noted, staff from the Men’s Closet Orlando location will give away 300 backpacks that are filled with free school supplies to kids of all ages. Complimentary hygiene packs with a toothbrush and toothpaste will also be available.

“Boys can get a haircut and girls can get their hair braided at the outdoor event, all at no charge, and there will also be a variety of fun and family-friendly activities for the kids including face painting, an arcade truck, food, balloon animals and a 3-point basketball shooting contest,” the spokesperson noted, adding that everyone is welcome to attend.

“This is a local neighbourhood event that will help us to give back to our community.”

A number of vendors from the Orlando, Winter Garden, Ocoee and Pine Hills regions will be on hand for the event, including JoryDollaz Customs, Fasho Fruits, HoodGoat Clothing, Future Millionaire and many others.

The event will be powered by several local companies, including Mandell Law FirmAAA School of Dental Assisting and Expanding Minds Academy.

Men’s Closet is looking forward to the event and helping area kids have a successful return to school.

About Men’s Closet:
Men’s Closet is Orlando’s number one men’s footwear and clothing store. They carry the most exclusive brands in footwear and clothing including Nike, Jordan, Billionaire Boys Club, MCM, Roc Nation, and many more. For more information, please visit http://mensclosetclothing.com.

Men’s Closet
5510 W. Colonial Drive, Suite 102
Orlando, FL 32808

Media Contact:
Christian Stone / Kamran Datoo
events@mensclosetclothing.com
www.mensclosetclothing.com
4075784878

SOURCE: Mens Closet


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Peru Strengthens Its Revival Through Expo 2020 Dubai

The mega-event will be a meeting point for the global economic revival process and will allow Peru to enter markets with a high purchasing power.

The Export and Tourism Promotion Commission – PROMPERÚ reaffirmed Peru’s participation in Expo 2020 Dubai, which was to take place last year, but had been postponed due to the pandemic and will now be held from October 1 until March 2022.

“The development of Expo Dubai marks a new milestone in the process of economic revival, becoming the ideal opportunity for our country to reassert itself in the economic, commercial and tourist arena, positioning us before the eyes of the world,” said Amora Carbajal, executive president of PROMPERÚ.

The announcement was made after signing an agreement with DP World, a port logistics operator that will allow the best products to be sent from Peru to Dubai so that millions of visitors from all over the world may enjoy and get to know this country better.

BUSINESS OPPORTUNITY

The Peruvian booth will promote various activities such as business roundtables related to the textile sector to boost its alpaca fibre and Peruvian cotton. With the aim of showing the diversity in natural raw materials, food fairs will be held, where superfoods will be front and centre.

The UAE ranks fifth in Peruvian shipments to Asia, behind China, South Korea, Japan and India. In 2020, non-traditional exports to the Middle East giant grew by 6.1% compared to 2019. On the other hand, within the framework of Expo 2020 Dubai, the World Travel Awards will be awarded in South America, where Peru is nominated in 16 categories. It is a great opportunity to promote this country’s main tourist destinations.

It is estimated that this event would provide Peru with a potential market of $2.14 billion for its export products and an income of more than $44 million in currencies from tourism within two years.

For more information, visit: http://peruexpodubai.com

Watch Peru’s Dubai Expo video: https://www.youtube.com/watch?v=3gKhgc1imPw

Contacts

Ivonne Parra
+51992891715
iparra@promperu.gob.pe


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Poolz Becomes the First DeFi Launchpad to Offer Risk-Free IDOs

 Poolz Finance is thrilled to announce that it will be launching the first-ever risk-free IDO model. This new model will allow investors to claim back 100% of their funds within 24 hours after the token listing of each project that conducted IDO on Poolz.

With this safety net in place for DeFi investors, investors are more likely to invest in the upcoming IDOs on Poolz.
Besides, this will also ensure that more investors can invest bigger amounts in the crypto projects as their capitals will be completely safe until the time of listing, and they will make the projects’ last stage of fundraising a huge success. It will create a win-win situation for both the investors and the projects.

Poolz has worked tirelessly over the last several months to ensure maximum benefits for its community of investors. From bringing in the best DeFi projects to conduct IDO to having the most community-centric and comprehensive IDO model, Poolz has done it all.

Seeing the market circumstances, however, it is easy to understand that investors are facing difficulty and trust issues in terms of investing in crypto projects. Besides, this has also created a huge hurdle for projects trying to raise funds through public offerings. This is why Poolz has set up its new IDO model to offer completely risk-free IDOs and create a win-win situation for both projects and investors.

In line with this new model, IDO investors will get the option to claim a complete refund of the amount they invested within 24 hours of listing of each token. So, in case the investors want to exit their position due to any market circumstances, they can do so with the click of a button and get back the actual amount they invested.

Expressing his thoughts on this new IDO model, Guy Oren, the founder of Poolz, said, “It will be the first time that the DeFi industry will witness something of this scale to offer a completely risk-free IDO opportunity to investors. Poolz is leading this change to bring heightened security to investors and build more trust in the DeFi space. This will act as a perfect opportunity for new investors who have until now watched the IDO and DeFi sector from the sidelines. We are extremely excited to see the extent to which this new innovation in DeFi will benefit the investor community. “

The team is confident that this step by Poolz will create a huge sentiment of credibility among the Poolz community investors and the amount they intend to invest in the upcoming IDO.

Poolz has a lot more going on under the hood and there will be many more exciting announcements about the latest updates. Stay tuned!

About Poolz

Poolz is a decentralized cross-chain IDO platform built on top of Web 3.0 infrastructure to assist crypto industry projects in raising funds before listing. The Poolz platform has already integrated with many different blockchains and is in discussions with more than 10 of the biggest blockchain networks.

Website: https://www.poolz.finance/
Twitter: https://twitter.com/Poolz__
Telegram: https://t.me/PoolzOfficialCommunity
Telegram Announcements: https://t.me/Poolz_Announcements
Github: https://github.com/The-Poolz

Contact:

Liam Cohen
CMO 
hello@poolz.finance

SOURCE: Poolz


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Unitum Coin Launches – a DeFi Token Built to End Ticket Fraud for Good

Unitum is a cryptocurrency agency based in London, United Kingdom, founded to halt ticket-fraudulent individuals and companies in their tracks. This community-driven business focuses on steady growth and customer safety, offering a stable platform for all types of investors.

The market of cryptocurrencies has been volatile and destabilised for years; its volatility peaked in the early months of 2020, and no actual effort was put into standing it up on its own two feet until very recently.

Unitum was founded as a response to the uncertainty that this particular market presented; it was launched on PancakeSwap on 22nd June 2021; PancakeSwap is built on the Binance Smart Chain – a sovereign smart-contract blockchain based on Ethereum Virtual Machine-compatible programmability.

The CEO, Jalal Harake states: ‘As of 22 June 2021, Unitum has officially launched on PancakeSwap – a decentralised exchange built on Binance Smart Chain (BSC). Unlike other protocols on the market today, Unitum does not control a significant portion of tokens that can negatively impact the marketplace and take great pride in fair distribution policies, meaning that every holder contributes towards Unitum’s success as well as their own.’

Unitum Coin is the first inflation-proof token designed to reward Unitum holders with 4% of every transaction, and another 4% of the transaction is immediately sent to the liquidity pool on the exchange promoting growth for both parties. The company excludes so-called ‘whales’ from the equation, leaving no room for market manipulation, which would otherwise lead to volatile inflations and plummets.

This company aims to reshape the ticketing world and eradicate ticketing frauds while offering a safe, stable space and community for Unitum Coin holders. With a total supply of 500 Trillion tokens being issued, despite being a new agency, Unitum’s token has already increased in value over 80X (8,000%) in the first week of trading an on Monday 28th June 2021 was listed on XT.com with a USDT pairing.

Unitum’s team consists of numerous high-profile individuals and companies, including Jalal Harake, the founder and CEO of Unitum, Nader Jalal el Harake, a professional executive senior manager, Dhia Al-Ani, the founder of Air Scotland, George T. Goodman, a renowned real estate and international investment consultant, and Wayne Sharpe, an experienced CEO & executive chairman with a strong history in Fintech, Technology & environmental services industries.

Jalal Harake, CEO of Unitum states: ‘With a large upcoming Exchange listing announcement in early July, Unitum is well on track to exceed all expectations and end ticket fraud for good whilst providing massive rewards for its holders. We’ve already seen an 8,000% increase in value after 4 days of trading and a $20m market cap. To achieve this in the first 4 days of launching is nothing short of incredible. Unitum is already in talks with organisations such as FIFA, NBA, EUFA, Ticketmaster, Virgin, Emirates, Qatar Airways & several other major airlines. We’ll be announcing some exciting partnerships alongside launching our NFT Exchange in Q4 of 2021 and expect to see huge volume on XT.com over the coming weeks along with an incredibly Large exchange listing that we’re currently dotting the i’s and crossing the T’s with. The whole team and I are very excited by what’d to come over the coming weeks

Customers can buy Unitum directly through XT.com by simply opening an account with the exchange. The exchange allows users to purchase Unitum (UTM) with USDT (Tether). Customers can also transfer funds directly to the exchange via bank transfer or using a debit/credit card to purchase USDT and then converting it to Unitum (UTM).

A detailed video guide on how to buy Unitum (UTM) is also available on the Unitum official website.

Social Links

Twitter: https://twitter.com/unitum_coin
Instagram: https://instagram.com/unitum_coin
Telegram: https://t.me/Unitumcoinchat

Media Contact

Company: Unitum Coin ltd
Contact: Jay Cartier
Email: admin@unitumcoin.com
Website: https://unitumcoin.com
Address: 130 Old street, London, England EC1V 9BD

SOURCE: Unitum Coin ltd


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WINFARM announces final completion of the acquisition of Dutch company BTN de Haas.

WINFARM announces final completion of the acquisition of Dutch company BTN de Haas

– Birth of a European leader in distance selling for the agricultural world 

WINFARM (code ISIN : FR0014000P11 – mnémonique : ALWF), the French leader in distance selling for the agricultural sector, announces the final completion of the acquisition of 100% of the capital of the Dutch company BTN de Haas BV. The new entity has 292 employees and proforma revenues of approximately € 110 million.

WINFARM Board met on July 2, 2021 to confirm the terms and conditions of WINFARM’s acquisition of the Dutch company BTN de Haas.

Patrice Etienne, Chairman, Chief Executive Officer and founder of WINFARM:  With the acquisition of BTN Haas, we have reached another key step in our strategy to conquer Europe by establishing ourselves as a major player in the Netherlands, one of the key markets for agriculture and livestock in Europe. With a strong local presence, a good brand image among professionals and a rich and diversified product portfolio, BTN de Haas fits perfectly into our offer, and strengthens the Group to enable it to impose itself on an international level”

The new entity should quickly benefit from complementary features:

  • A strong regional presence in a Northern European country;
    • A product portfolio with:
      • A strong position in livestock and breeding (more than a third of the business);
      • Diversification into tools and wear parts, and into landscaping and outdoor professionals;
  • Dynamic historical growth of the activity comparable to that of WINFARM (+10% to +11% of turnover on average per year between 2016 and 2020), driven in particular by internet sales, which are increasing every year and already account for more than half of the activity;
  • A very satisfactory level of profitability with gross margin and EBITDA levels slightly higher than those of WINFARM.

To implement these complementarities, the Group will capitalize on the cultural and linguistic proximity of the Netherlands to Flanders to extend its conquest of the agri-supply market in Northern Europe.

About WINFARM

Founded in Loudéac, in the heart of Brittany, in the early 1990s, WIN FARM is now the French leader in distance selling for the agricultural world. WINFARM offers farmers and breeders comprehensive, unique and integrated solutions to help them meet the new technological, economic, environmental and social challenges of the next generation of agriculture. With a vast catalogue of more than 15,500 product references (seeds, phytosanitary, harvesting products, etc.), two-thirds of which are own brands, WIN FARM has more than 44,500 customers in France and Belgium.

In 2020, WIN FARM recorded sales of €98.9m, surpassing its target.

By 2025, WIN FARM aims to double in size, with a revenue target of around €200m and an EBITDA margin of about 6.5%.

For more information about the company: www.winfarm-group.com

Contacts:

WINFARM
investisseurs@winfarm-group.com
 
ACTIFIN, financial communications
Benjamin LEHARI
+33 (0) 1 56 88 11 11
winfarm@actifin.fr
ACTIFIN, financial press relations
Jennifer JULLIA
+33 (0)1 56 88 11 19
jjullia@actifin.fr

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E-Commerce Logistics SaaS tech startup zip24 raises US$1.2 million to fund its expansion

Dubai-based logistics Software as a Service (SaaS) startup zip24 has raised US$1.2 million in a pre-series round, led by London-based Sturgeon Capital, along with Angel investors from the UK and Gulf Cooperation Council (GCC) countries, including Hayaat Group, Teqvisory, and Robert Kay.

  • zip24’s customers include over 100 e-commerce merchants, retailers, logistics, FMCG companies, and restaurants.
  • zip24’s solutions enable their customers to save substantial revenues that would otherwise be lost to expensive delivery and fulfilment service providers.
  • The latest USD $1.2 million round will fund the expansion of zip24’s tech, product & operations teams in Tashkent, Dubai, and London.
  • zip24 seeks to become a leading e-commerce logistics technology enabler for our customers.

The current round of funding will be used to further expand tech, product, support, and sales/marketing teams, particularly at zip24’s main operating base in Tashkent, Uzbekistan.

zip24 plans to strengthen operations by deploying direct sales and support personnel in Dubai, United Arab Emirates (UAE) & expand to the UK during the second half of 2021.

With our product suite from fulfillment to the last mile, we will ultimately enable our customers to help any e-commerce & on-demand delivery business to become more agile.  We have already helped our customers to fulfill and deliver millions of orders over the past 12 months”, said Muzaffar Karabaev, CEO of zip24.

We aim to become the leading logistics technology enabler for our customers in the next phase of our growth. We are enabling e-commerce merchants, retailers, logistics, FMCG companies, and restaurants, particularly startup operators in the space.

The focus of zip24 has been in the GCC countries, Pakistan, and Central Asia, but our 100+ customers are in over 20+ countries”,
 said Mr. Karabaev.

Our mission is to provide innovative and fast deployable logistics SaaS stacks to e-Commerce merchants, logistics operators, and other customers,” said Co-Founder and Executive Director Asif Keshodia of zip24.

“We help these customers to improve their experience and to achieve operational cost efficiencies. With our tech stacks, they reduce their dependence on expensive delivery and fulfillment service providers, which sometimes take away a third of the revenues from their merchants. You name it – predictive forecasting with AI/ML tools, route optimization, and cross-border tracking. Our solution can do it all, and at a fraction of the cost of their existing service providers. We are in the business of saving our customers’ revenues”, said Mr. Keshodia.

“Sturgeon is proud to be leading this round for zip24. We find the combination of a founding team of seasoned entrepreneurs and operators tackling an important issue in underserved and increasingly large markets, to make the opportunity particularly compelling, and are very much looking forward to working with the company” said Mr. Kiyan Zandiyeh, CEO Sturgeon Capital

Developing new SaaS products

zip24 is currently enhancing its delivery and fulfillment cloud-based SaaS stacks, Shipox and Storfox, respectively.

Shipox provides users with a complete delivery management software (DMS) solution from order creation to delivery.

Shipox also offers unique features such as a white-label app, driver app, and real-time tracking of all delivery personnel and vehicles.

It also can provide plug-ins and integration engines connecting various e-commerce operators from Magento to Shopify.

Shipox also offers easy order-drop functionalities, including batch/CSV from e-commerce websites, supermarkets, pharmacies, restaurants, and more.

zip24’s new addition, Storfox is a cloud-based fulfilment engine that provides a one-stop solution to e-commerce/2PL/3PL companies involved with logistics, warehouse management & fulfilment.

Storfox will offer an extensive network of fulfillment networks for ‘pick/pack/ship’ and billing support, with various options, a built-in account management system, and simple & clean invoicing, all done within the system with seamless downstream shipping integration to Shipox stack.

About zip24:

zip24 is a “Software-as-a-Service” (SaaS) start-up.  It provides operations management software for growing e-commerce brands. Through its main cloud-based Delivery Management Software offerings – Shipox.com and Warehouse Management Software – Storfox.com, zip24 helps to forecast orders and logistic transactions, control and manage the day-to-day retail, warehousing, order shipping, and fulfilment with end-to-end delivery tracking. Founded by Ex-Amazon and SaaS entrepreneurs in the Middle East and Central Asia regions, zip24 is headquartered in Dubai, in the United Arab Emirates. It has development and support hubs in Uzbekistan, Pakistan, and the UK. Zip24 was founded by Muzaffar Karabaev and Asif Keshodia former Souq.com and Amazon MENA senior executives.

About Sturgeon Capital:

Sturgeon- Capital is a London-based venture capital firm that is focused on investing in and helping build the leading tech businesses in frontier and emerging markets. It focuses on technology-enabled businesses that offer a product or service which solves an unserved, acute pain point for a large addressable market.

Media Contact
Sehrish Syed
communications@zip24.com
+97145804530


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PhoneX Holdings, Inc. Announces Stock Repurchase

PhoneX Holdings, Inc. f/k/a uSell.com, Inc. (the “Company”) (OTC PINK: PXHI), today announced that its Board of Directors has adopted a stock repurchase program authorizing the Company to repurchase up to $1,000,000 of the Company’s common stock.

The share repurchases may be made from time to time on the open market or in privately negotiated transactions. The timing, price and volume of the share repurchases will be determined by the Company’s management based on its evaluation of market conditions, relevant securities laws and other factors. Repurchases in the open market are intended to be made in accordance with SEC Rule 10b-18. Additionally, the Company may repurchase shares in privately negotiated transactions. If any investor wants to discuss a private sale to the Company, email nik@phonexinc.com or call (919) 475-1583. The share repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the Company’s operating performance, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. As of June 21, 2021, the Company had 27,917,645 shares of common stock outstanding.

Recent Events

  • The Company recently repurchased 178,269 shares of its common stock from an unaffiliated investor for a purchase price of $89,134.50.
  • On June 7, 2021, the Company notified Siena Lending Group LLC of its intent to prepay the amounts outstanding and to terminate its revolving credit facility under the Loan and Security Agreement dated November 20, 2018. The Company expects to pay the balance due at that time plus interest, fees and an early payment/termination premium.
  • The Company has notified the holders of $4,805,000 of convertible notes that it intends to prepay the notes, subject to prior conversion. The Company expects that most, if not all Note Holders will convert.

About PhoneX Holdings, Inc. PhoneX Holdings, Inc. is building the dominant cloud-based, software as a service solution for the wholesale exchange of secondhand mobile devices. PhoneX Holdings works with major mobile carriers and mobile handset distributors to facilitate global commerce related to secondhand mobile devices. The Company operates two distinct models: 1) a Proprietary Trading Model, through which it purchases devices utilizing its own balance sheet via its subsidiary We Sell Cellular LLC, and 2) a Platform Partnership Model, through which it enables its partners to license its software via its subsidiary PhoneX, Inc. Through these licensing agreements, PhoneX enables mobile carriers and mobile handset distributors to increase selling prices and selling velocity by using a specialized, automated platform where wholesale buyers of mobile devices can purchase inventory on demand.

Contact Information

Nik Raman
Chief Executive Officer
p (919) 475-1583
nik@phonexinc.com

SOURCE: PhoneX Holdings, Inc.


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Tree of Knowledge Issues Third Bi-Weekly Status Report Regarding Management Cease Trade Order

Tree of Knowledge International Corp. (CSE:TOKI) (the “Corporation” or “TOKI“), further to its press release dated May 14, 2021 and May 28, 2021, provides this third bi-weekly default status report in accordance with National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203“). In the Corporation’s initial default announcement of April 15, 2021 (the “Default Notice“), the Corporation announced the delay in the filing of its audited annual financial statements for the year ended December 31, 2020 (the “Annual Financial Statements“) and related management’s discussion and analysis and CEO and CFO certifications (collectively, the “Annual Filings“) by the prescribed filing deadline.

As previously announced in the Corporation’s press releases, the Corporation applied for and was granted a management cease trade order in respect of the delayed Annual Filings (the “MCTO“) by the Ontario Securities Commission. The MCTO prohibits the chief executive officer and the chief financial officer from trading in the Corporation’s securities for so long as there are filings that are outstanding under applicable securities laws. The MCTO does not affect the ability of the general investing public to trade in the Corporation’s listed common shares.

The audit of the Annual Financial Statements is in progress and the Corporation continues to expect to file the Annual Filings on or before July 3, 2021.

The Corporation confirms that since the Default Notice: (i) there is no material change to the information set out in the Default Notice that has not been generally disclosed; (ii) there has been no failure by the Corporation in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Corporation under NP 12-203; and (iv) there is no other material information concerning the affairs of the Corporation that has not been generally disclosed.

Furthermore, the Corporation anticipates that its interim financial statements for the three months ended March 31, 2021, the accompanying management’s discussion and analysis and the related CEO and CFO certifications will not be filed by the prescribed filing deadline and will be filed after the Annual Filings are completed and filed.

The Corporation will continue to comply with the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements set out above.

For further information

Please Visit: www.tokicorp.com
Contact: Tree of Knowledge International Corp. (CEO – Ommid Faghani)

About Tree of Knowledge International Corp.

TOKI is a public company that delivers pathways to innovative, science-based health and wellness solutions. The Company is a leader in pain management, spanning from seed to patient. Built upon an extensive network of scientific and medical research, TOKI is an advanced leader in the development, processing, and distribution of focused products and treatments for pain relief. Tree of Knowledge spans the globe with its multidisciplinary pain clinics, research partners, consumer CBD products, and education and advocacy programs – all working in harmony to bring health and wellness to the world, while creating value for shareholders and partners.

Forward Looking Statements

Except for statements of historical fact relating to the Company, certain information contained herein relating to the timing of the filing of financial statements constitutes forward-looking statements. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: Tree of Knowledge International Corp.


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