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Nevis Brands CEO Announces Strong Q2 Financial Results and Growth Plans

Nevis Brands

Nevis Brands CEO John Kueber joined Steve Darling from Proactive to announce the company's financial results for the second quarter, ending May 31st, 2024. Nevis reported cannabis beverage royalty revenues totaling $436,532, with a Cost of Goods Sold amounting to $145,170 and a Gross Profit of $291,392. This performance marks a 15 percent increase over revenues from the previous quarter. Kueber expressed his satisfaction with the company's growing revenues and positive EBITDA. He highlighted the ongoing expansion of Nevis's presence in active states, the development of their product line, and the increasing number of dispensaries selling Nevis products. According to Kueber, Q2 revenues were generated from sales in Washington, Oregon, California, Nevada, Colorado, Arizona, Ohio, and Missouri. He also mentioned that Michigan and Mississippi are still in pre-production phases and are expected to contribute to revenues in the third quarter. Looking ahead, Kueber emphasized Nevis's commitment to innovation, with plans to introduce new products to existing markets in 2024, ensuring the company continues to capture market share and drive growth. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

July 11, 2024 10:13 AM Eastern Daylight Time

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Gold Basin Resources Reports Positive Assay Results from Initial Drill Holes at Arizona Project

Gold Basin Resource Corp

Gold Basin Resources CEO Colin Smith joined Steve Darling from Proactive to announce assay results for the first two reverse-circulation drill holes from the company’s ongoing resource expansion and delineation drill campaign at the Gold Basin oxide gold project in Arizona. So far, 5 holes totaling 1,027 meters have been completed out of the planned 3,000-meter program, with the next batch of results anticipated in three weeks. Smith told Proactive that assay results from resource expansion drilling at Stealth are on par with some of the best oxide gold results to date at the project and showcase the robust nature of the Stealth oxide gold system. In particular, the result from drill hole ST24-026 is highly encouraging, as it confirms the extension of a high-grade oxide gold plunge at depth, which remains open and is to be further tested in this drill program. The results included 138.7 meters at 0.93 g/t Au from 30.5 meters in hole ST24-026 and 82.3 meters at 0.94 g/t Au from 36.6 meters in hole ST24-027. Smith emphasized that these promising results validate the company’s strategy to expand the resource and delineate the high-grade zones within the Gold Basin project. The ongoing drill campaign aims to further define the extent of mineralization and enhance the overall resource estimate, positioning the project for future development. With continued success in the drilling program, Gold Basin Resources remains committed to advancing the project and unlocking its full potential. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 11, 2024 10:08 AM Eastern Daylight Time

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Millennial Potash Achieves Key Milestone with 70% Banio Project Interest

Millennial Potash Corp

Millennial Potash Chairman Farhad Abasov joined Steve Darling from Proactive to share news that the company has earned a total 70% interest in the shares of Equatorial Potash Pty, which, through its Gabon subsidiary Mayumba Potasse SARL, holds 100% of the Banio Potash Project. To achieve the 70% interest, the company has filed a Preliminary Economic Assessment (PEA) and made milestone payments of $300,000 and 1 million shares of MLP to the vendors of the Banio Potash Project. Abasov detailed that the PEA report outlines the potential for a low-cost solution mining operation at the Banio Potash Project. The PEA is based on the production of 800,000 tonnes per year of granular muriate of potash. The thick potash horizons, coupled with a solution mining approach, have resulted in one of the lowest CAPEX (US$480M) and OPEX (US$61/tonne MOP) estimates in the industry. The solid economic potential is further demonstrated by a strong post-tax NPV (Net Present Value) of US$1.07 billion and an IRR (Internal Rate of Return) of 32.6%. The company plans to continue implementing the recommendations from the PEA, which include preparation for additional drilling at the North Target to further expand the resources. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

July 11, 2024 10:05 AM Eastern Daylight Time

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Cure Alzheimer’s Fund Announces 19th Straight Year of Record Results

Alzheimer’s Disease Research Foundation

Cure Alzheimer’s Fund has announced that 2023 marked its 19th consecutive year of record-breaking results for contributions raised to fund research into Alzheimer’s disease. A total of $34.8 million for the year represented an increase of more than 8% from 2022 in funds received through more than 22,000 generous gifts. In 2023, 114 research grants representing $27.8 million were issued to 147 scientists in 11 countries, the most ever in a single year. “Cure Alzheimer’s Fund exists to fund research that will end the burden of Alzheimer’s disease, and we are proud that in 2023 we supported more projects than ever before in our history. Our research, fundraising and all other activities are detailed with full transparency in our annual report,” said Meg Smith, CEO of Cure Alzheimer’s Fund. “New drugs to treat early-stage Alzheimer’s patients demonstrate the power of scientific perseverance and bring hope to our community. However, 6.9 million Americans are living with an Alzheimer’s diagnosis—and there are still no disease-altering treatments for most of them. More and better answers are needed to prevent the expected doubling of this patient population by 2050. We celebrate the progress that has been made and we stay determined to accelerate the progress necessary to benefit everyone at risk of, or living with, Alzheimer’s disease.” The 2023 Annual Report detailing the financial results and research investments is now available in the reports section of the Cure Alzheimer’s Fund website, CureAlz.org, or through this link: bit.ly/CureAlz2023AReport About Cure Alzheimer’s Fund Cure Alzheimer’s Fund is a nonprofit dedicated to funding the most promising research to prevent, slow or reverse Alzheimer’s disease. Since its founding in 2004, Cure Alzheimer’s Fund has provided 853 grants to more than 300 of the world’s leading researchers and contributed $204 million to research. Its funded initiatives have been responsible for many key breakthroughs in understanding the causes and pathology of Alzheimer’s disease. Cure Alzheimer’s Fund has received a 4-star rating for more than 12 consecutive years from Charity Navigator. Our Board of Directors, Trustees and a core group of other donors direct their donations to CureAlz overhead expenses so that 100% of general donations go to our research program. For more information, visit CureAlz.org. To learn about the impact of Alzheimer’s on women and women working toward a cure, visit WomenandAlzheimers.org. Contact Details Cure Alzheimer's Fund Barbara Chambers +1 978-417-9890 BChambers@CureAlz.org Company Website https://curealz.org

July 11, 2024 09:30 AM Eastern Daylight Time

A Modern Pairing: Siyata Mobile And Zello Announce Integration Of Top-Rated App And SD7 Handset

Siyata Mobile Inc.

By Kyle Anthony, Benzinga Innovation is occurring everywhere, even with the walkie-talkie, more formally known as a handheld transceiver. Recently, Siyata Mobile (NASDAQ: SYTA), a global developer and vendor of Push-to-Talk over Cellular handsets and accessories, announced that the Zello push-to-talk (PTT) application is now available on Siyata’s SD7 push-to-talk handset. Siyata Mobile Inc. is disrupting a legacy, multi-billion-dollar two-way radio market, and this strategic initiative with Zello elevates the firm’s competitive position and strengthens its value proposition in the minds of its existing customers as well as potential prospects. Founded in 2012 and headquartered in Canada, Siyata Mobile Inc. aims to be the global leader in the growing Push-to-Talk over Cellular industry by disrupting the legacy Land Mobile Radio (LMR) Industry with next-generation communication technology. The firm has gained prominence as a developer and provider of technologically advanced rugged smartphones, in-vehicle mounted cellular communications devices and cellular signal boosters. Siyata has customers throughout the United States, Canada, Europe, Australia and the Middle East. The Growing Push-To-Talk Over Cellular Market As the name suggests, Push-to-Talk over Cellular uses mobile networks to relay communications to another handset. It supports all the advanced features of digital mobile radios and combines them with 4G or 5G bandwidth and nationwide coverage. Research published by Allied Market Research valued the Push-to-Talk over Cellular market at $3.43 billion in 2019 and projects it to reach $6.95 billion by 2027. Compared to LMR, Push-to-Talk over Cellular handsets work virtually anywhere on cellular networks, support third-party data applications and are less capital intensive for customers, as they have a lower price point and do not require investment in tower sites. Siyata Mobile’s Strategic Initiatives For the fiscal year 2023, Siyata Mobile’s reported revenue and gross profit were $8.23 million and $2.66 million, respectively, an increase of 27.0% and 91.2% from the previous year. Regarding the firm’s business model, Siyata Mobile markets its devices with leading cellular carriers and their distributors, who sell them to enterprise customers. Leveraging these carrier sales channels and their broad customer base with Siyata Mobile’s product portfolio means the firm can maintain a lean operating cost structure. Siyata Mobile gives carriers the ability to activate a SIM card and generate income otherwise not captured with customers who use LMR. Siyata Mobile’s integration with the Zello push-to-talk application is a strategic initiative that elevates the value proposition of the firm’s product offering. Zello is a live voice push-to-talk communication platform that turns any smart device into a digital two-way radio that works over Wi-Fi and cellular networks anywhere in the world. Purpose-built to connect frontline teams and communities, the push-to-talk walkie-talkie app offers instant voice communication with one or many in unlimited secure, private channels, as well as message replay, emergency alerts, location tracking, dispatch capabilities and Bluetooth device support. As one of the world’s most popular Push-to-Talk applications with more than 175 million users registered worldwide and 99.99% uptime, Zello is simple to use and easily connects frontline and operations teams with a platform that is easy to use. In speaking about Zello's integration with Siyata Mobile, Public safety customer Evan Shegoski from River Road Rescue Squad in New Jersey commented, “We are enthused to be able to deploy the feature-rich Zello for Business solution on our SD7 devices. We have long been a proponent of this combined solution which pairs this leading PTT platform with offerings directly comparable to the same features we expect from a traditional LMR solution accessible through the only device on the market that not only acts like a traditional LMR radio, but is also receives regular product development, improvement, and support. This combined solution offers promise as a scalable solution across multiple geographic regions with a truly reasonable price point for deployment in terms of end-user device, LMR integrations and PTT network. Siyata and Zello together breaks us free of the bloated costs and bureaucracy that routinely plagues LMR public safety solutions. We cannot wait to see what the future holds as this offering continues to be developed.” Lieutenant Brian Hess of Westchester County Police – which recently purchased several hundred Siyata SD7 handsets for use with Zello for operations throughout the county – added a further endorsement, stating, “We are pleased that the Siyata SD7 is available with Zello PTT since this handset is what our county needs to keep in touch effectively to provide the level of service that the residents of the County require.” The Path Forward As a business-to-business global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories, Siyata Mobile continually seeks to enhance the utility it provides to its customers, which includes police, fire and ambulance organizations as well as schools, utilities, security companies, hospitals, waste management companies, resorts and many other organizations. The firm’s strategic integration of the Zello application within the SD7 Handset bolsters the usefulness and capability of the product for the individuals that protect, serve and maintain the well-being of our society. Featured photo courtesy of Siyata Mobile. Siyata Mobile Inc. is a B2B global vendor of next-generation Push-To-Talk over Cellular devices, cellular booster systems, and video monitoring solutions. Its portfolio of in-vehicle and rugged devices enables first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives.Its portfolio of enterprise-grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signals in remote areas, inside structural buildings where signals are weak, and within vehicles for the maximum cellular signal strength possible.For its video monitoring system, Siyata integrates software that we license with off-the-shelf hardware providing our customers with an integrated advanced camera system for management and visual monitoring of their fleet vehicles. This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata's current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Siyata's filings with the Securities and Exchange Commission ("SEC") and in subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Brett Maas SYTA@haydenir.com

July 11, 2024 09:00 AM Eastern Daylight Time

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Claravine Launches Connected Application on the Snowflake AI Data Cloud

Claravine

Claravine, The Data Standards Company, today announced the launch of a connected application Powered by Snowflake, connecting The Data Standards Cloud to the Snowflake AI Data Cloud. Organizations and marketers can now manage and mobilize their data faster and more efficiently, gaining intelligence and proving the business value of marketing campaigns. By leveraging the Snowflake AI Data Cloud, Claravine's connected application dramatically reduces manual data preparation tasks, breaks down data silos and accelerates both data availability and quality. Claravine provides a marketing data foundation, standardizing metadata within Snowflake, to streamline efforts across the marketing organization, many of which have the potential to impact AI initiatives, including AI use cases such as propensity scoring, personalization, prescriptive email content, and customer support co-pilots. Claravine's solution allows Snowflake customers to access dimension table management and enables seamless integration of creative metadata from a Digital Asset Management (DAM) system into media campaigns, providing a comprehensive data ecosystem. "Today marks an important step in our partnership with Claravine," said Jim Warner, Global Field CTO for Advertising & Marketing, Snowflake. "The new connected application enables joint customers to pass standardized marketing metadata directly into Snowflake to power campaign intelligence. With Claravine and Snowflake, marketers can make more confident, data-driven decisions that drive their business forward." In the dynamic and highly competitive marketing environment, marketers must have a comprehensive understanding of their performance metrics. Yet, marketers are confronted by a multitude of channels and data silos, diminishing marketing budgets and the acceleration of campaign and creative output. This creates a complex and financially demanding challenge. Claravine and Snowflake can assist their joint customers by delivering a solid infrastructure for marketing data. “Launching The Data Standards Cloud and Snowflake AI Data Cloud integration is a game-changer for our joint clients and their marketing teams,” said Chris Comstock, Chief Growth Officer, Claravine. “This connected application streamlines marketing data management – reducing errors in data preparation and providing a reliable source of marketing metadata. As more customers centralize their core data infrastructure on Snowflake we believe metadata is an essential component to a successful data strategy." To become a Snowflake partner and access Snowflake’s self-service partner resources, please click here. About Claravine Claravine is The Data Standards Company aiming to give people, teams and technology a shared understanding of their data. Claravine helps brands and agencies deliver on the promise of modern marketing by standardizing taxonomies, naming conventions, and metadata across all digital experiences at the source of data creation. The Data Standards Cloud empowers a proactive approach to marketing metadata naming conventions and taxonomy for fast, accurate and rich business insights that help deliver the experiences customers want. Claravine partners with a quarter of the Fortune 100 to define, apply and connect standards across their ecosystem for faster decisions, greater agility, and increased ROI. For more information, visit www.claravine.com. To become a Claravine partner, please click here. Contact Details Kite Hill PR +1 704-960-2295 Claravine@kitehillpr.com Company Website https://www.claravine.com/

July 11, 2024 09:00 AM Eastern Daylight Time

Celebrity Coveted, Award-Winning Lash & Brow Enhancing Serum Brand, Grande Cosmetics, Announces 30% Off Brand-Wide for PRIME DAY July 16th & 17th

Grande Cosmetics

America’s #1 lash and brow enhancing serum brand, Grande Cosmetics, announces 30% off for PRIME DAY July 16 th & 17 th. Delivering 5-star lash and brow results in as little as 4-6 weeks, it’s prime time to get in on Grande Cosmetics’ award-winning beauty essentials with a brand-wide sale of 30% off everything including the award-winning GrandeLASH-MD Lash Enhancing Serum, GrandeBROW Brow Enhancing Serum and more. Grande Cosmetics’ hero products include: GrandeLASH-MD Lash Enhancing Serum is an award-winning lash enhancing serum that promotes the appearance of longer, thicker looking lashes. An iconic breakthrough and #1 selling lash enhancing serum on Amazon, GrandeLASH-MD is formulated with a proprietary lash complex that is ophthalmologist-tested with results in as little as 4-6 weeks. Plus, GrandeLASH-MD is compatible with lash extensions, lash-lifts, and contact lens wearers, making it perfect for anyone to use. Normally $68, PRIME Price: $47.60 GrandeBROW Brow Enhancing Serum is a revolutionary brow enhancing serum that promotes the appearance of naturally fuller and bolder looking brows in just 6-8 weeks. Dermatologist tested and formulated with an exclusive blend of vitamins, antioxidants and amino acids to enhance sparse, thinning, over-plucked or tail-less brows. Normally $73, PRIME Price: $51.10. Committed to using safe and clinically tested formulas, GrandeLASH-MD is a legacy lash serum that delivers clinically proven, real, and undeniable results. Grande Cosmetics is known for setting the standard in lash and brow enhancing serum innovation and has raised the bar for industry safety and performance testing with 11 safety and performance studies. Each scientific formulation was created to bring out one’s natural features (lashes, brows, hair, lips and beyond,) for the very best version of oneself. For additional information, please visit GrandeCosmetics.com or contact GrandeCosmeticsPR@amd-pr.com. Contact Details Grande Cosmetics PR GrandeCosmeticsPR@amd-pr.com Company Website https://grandecosmetics.com/

July 11, 2024 09:00 AM Eastern Daylight Time

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Laser Photonics (NASDAQ: LASE) H1 Milestones Update: Expanded And Upgraded Product Offering, Deepened Partnerships, Successful Anti-Drone Laser Tech Testing And More

Benzinga

By Meg Flippin, Benzinga From product launches to partnerships, it’s been a busy first half of the year for Laser Photonics (NASDAQ: LASE), a developer of cutting-edge laser technology that’s turning the centuries-old sand and abrasives blasting markets on their head. “In the first half of this year, Laser Photonics has made some remarkable accomplishments that have positioned us for continued success,” said Wayne Tupuola, CEO of Laser Photonics, in an update for shareholders. “We have expanded and upgraded our product offerings, deepened our partnership with key market players, and successfully concluded proof of concept testing for advanced laser-based anti-drone technology. These milestones underscore our commitment to long-term growth and innovation as a company." Innovating On The Product Front Take product launches for starters. So far in 2024, LPC has rolled out advanced lasers for cleaning, cutting and even shooting down drones. On the cleaning front, LPC recently launched its CleanTech next-generation laser system. Aimed at on-the-go applications, the new lasers include mobile connectivity for remote monitoring and control, a new compact form factor and a smart overheat protection feature for increased safety. LPC said the CleanTech Next-Generation Laser Systems are the world’s most compact and portable Class I and Class IV systems in the market. Compact and portable lasers can be useful in many industries – including aviation, manufacturing and shipbuilding – to remove rust, grease, mold and other contaminants. For cutting, LPC also rolled out the SaberTech next-generation laser system, which incorporates turbo piercing and cold-cutting technology alongside the company’s existing laser-cutting technology to achieve what LPC says is precise, high-quality cuts during manufacturing and fabrication. The new technology minimizes the heat-affected zone on materials during cutting, making it ideal for several critical applications in aerospace, automotive, maritime and defense industries. Rounding out the product launches in the first half of 2024, LPC enhanced its offering for the defense market and can now offer laser cleaning, marking and welding solutions customized for that market. Inking Deals And Partnerships Developing and rolling out new laser tech isn’t the only thing LPC has been focused on – it's also forging partnerships to build its business and gain recognition. A big one was its recent deal with Brokk, a manufacturer of demolition robots and other remote-controlled machines for mining, construction, metalworking, nuclear decommissioning and other high-stakes operations in hazardous environments. Through the partnership, LPC and Brokk are aiming to overhaul the way contractors work. Integrating LPC laser cleaning and cutting technology with Brokk’s remote-controlled robots allows operators to handle heavy jobs in dangerous settings more effectively and safely, whether it's decommissioning a nuclear plant or tunneling in a mine. It's a new market for LPC and one the company says is perfectly suited for its laser technology. The company also recently partnered with Echelon 1 Solutions (E1S), a storage and logistics solutions provider for the military, to bring laser cleaning and cutting technology to the defense industry. E1S is a Service-Disabled Veteran-Owned Small Business (SDVOSB) based in Tampa, Florida, which aims to fill a critical gap in Department of Defense operations, reports Laser Photonics. As for distribution, LPC has multiple deals to boast of. Its deal with Fastenal Company (NASDAQ: FAST), the largest fastener distributor in North America and a leading distributor and provider of industrial technology and products, is one of them. It gives it access to what LPC says is one of the most robust and well-equipped distribution networks in the world. As part of the distribution deal for LPC’s CleanTech line of lasers, LPC gets access to Fastenal’s global distribution network and will benefit from the company’s service model, which centers on approximately 3,300 locations – each supporting its local customer base. Meanwhile, LPC also recently teamed up with Incredible Supply & Logistics (ISL), an award-winning product distribution, mission kitting and third-party logistics company specializing in supporting federal government customers and defense contractors as well as serving the maritime and space communities. The two are involved in a distribution deal and working to get the word out about LPC’s laser products. Building Name Recognition But that’s not all LPC is doing to get the word out. The company has been diligently working on its marketing efforts to build name recognition and boost sales. Toward that end, the company recently completed construction of its state-of-the-art customer experience center, which is now open to visitors. This new center, located in Maitland, Florida, features LPC’s latest products and offers a hands-on experience for customers looking to learn about how laser technology can benefit their business. The facility has already hosted a number of potential customers and continues to help facilitate sales. LPC also launched a new website, which it expects to help build its digital presence and underscores its efforts to enhance user engagement. LPC also actively participates in trade shows to showcase its products and spread the word. So far in 2024, LPC has taken part in the Offshore Technology Conference in Houston, Texas; MegaRust 2024 in San Diego, California; 2024 Government Fleet Expo & Conference in Louisville, Kentucky; NCMS Industry Day at AMC Modernization Symposium in Huntsville, Alabama; and Waste Management Symposia 2024 in Phoenix, Arizona. More events are slated for later this year. Let’s Not Forget R&D Another key component of LPC’s future growth is research and development efforts, which, too, have been on display throughout the first half of the year. LPC expanded into a bigger facility to keep up with the pace of growth this year. The new facility will house the company's growing sales and R&D teams – allowing it to increase its R&D and sales efforts while it continues to streamline quality control and logistics. The products and solutions already coming out of its research and development lab go beyond cutting and cleaning, giving LPC access to new markets. Take the Laser Shield Anti-Drone System (LSAD) which is testing with parent company Fonon Corporation. The two successfully tested a laser prototype that can destroy small-scale unmanned aerial systems (UAS) in conflict zones and expeditionary locations. The prototype was tested at LPC’s new state-of-the-art facility, which features an internal laser range. This enabled Laser Photonics and Fonon to evaluate the proof of concept under controlled conditions. The range served to test the lasers’ capabilities in terms of precision and effectiveness when it came to targeting and destroying distant objects. LPC said the facility will play a crucial role in developing LSAD. LPC is also working on developing Class I systems and its robotic cell, maintaining its competitive edge and meeting the increasing demand for this technology, driven by heightened regulations and restrictions. LPC is on a mission to overhaul the industry and branch into new markets, and milestones achieved in the first half of the year highlight its focus and commitments. With six more months to go before we close out 2024, LPC may very well have more to share. Photo by Ant Rozetsky on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 11, 2024 08:45 AM Eastern Daylight Time

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IZEA Is Making Moves With Share Buyback, Acquisition And 40% Managed Services Growth

Benzinga

By James Blacker, Benzinga IZEA Worldwide (NASDAQ: IZEA), the influencer marketing pioneer helping lead the world into the creator economy era, recently made two pivotal announcements that highlight the company’s strategic moves to improve its market position and deliver value to its shareholders: the launch of a $5 million share repurchase program and the acquisition of 26 Talent by its subsidiary Hoozu. The company also recently announced Managed Services contract bookings of $10.3 million in the second quarter of 2024 – representing year-over-year growth of 40%. Expanding Reach In APAC With 26 Talent Acquisition According to Cognitive Market Research, the Asia-Pacific (APAC) influencer marketing market is currently worth $3.18 billion and accounts for around 23% of the global market. This market size is set to grow at a compound annual growth rate of 40% from 2024 to 2031, driven by a huge population coupled with growing internet penetration and social media usage. To take advantage of this massive market opportunity and continue its global M&A strategy, IZEA, through its recent subsidiary Hoozu, acquired Australian talent management agency 26 Talent on 1 July for an undisclosed sum. The company not only expands Hoozu’s talent pool with its portfolio of top-tier influencers and creators but also broadens its service offerings with innovative marketing solutions. Using 26 Talent’s expertise and network, the acquisition is set to boost Hoozu’s capability to drive impactful campaigns across the APAC region, catering to the growing demand for localized, authentic content that resonates with regional audiences. “[26 Talent’s] impressive roster of talent and innovative approach to influencer marketing perfectly aligns with our mission to lead the industry in APAC,” said Hoozu CEO Natalie Giddings. Boosting Shareholder Value: IZEA's $5 Million Stock Buyback In a move that underscores IZEA’s financial health and confidence in its long-term growth prospects, the company also announced on 28 June that its Board of Directors authorized a share repurchase program. The program allows IZEA to buy back up to $5 million of its common stock from time to time, subject to market conditions. The move is aimed at capitalizing on what IZEA perceives as a market undervaluation of the company. For shareholders, reducing the number of outstanding shares is expected to increase the earnings per share, making each share more valuable. “We are encouraged by the year-over-year growth in bookings and substantial increases in our pipeline, which have not yet been reflected in our stock price. IZEA’s Board of Directors and management team firmly believe that the market currently undervalues our core business, technology assets, and cash reserves. This share repurchase program grants us the flexibility to buy back stock over time, provided market conditions remain favorable,” stated IZEA Chairman and CEO Ted Murphy. Growing Demand: Managed Services Bookings Hit $10.3 Million In Q2 In another sign that the future could be bright for IZEA, the company announced on July 8 that its Managed Services team secured contract bookings of $10.3 million in the second quarter of 2024, a year-over-year increase of 40% from $7.3 million in the same period of 2023. In the first half of the year, Managed Services bookings grew 46% to reach $19.6 million. “While we benefited from some of our acquisitions in the quarter, more than 90% of these bookings were generated organically, underscoring the underlying strength of IZEA’s core offering,” said Murphy, adding that second half financial performance is expected to improve as the benefits of these bookings begin to materialize. “Our pipeline remains strong, with the addition of multiple new managed services clients, including a new Fortune 50 customer,” he said. Murphy also pointed out that while Managed Services make up the majority of IZEA’s revenue, the company is also seeing continued growth in its SaaS customer base, particularly with its FormAI software, and saw a record number of active SaaS customers at the end of the second quarter. IZEA’s stock buyback and the acquisition of 26 Talent are key components of the company’s overall strategy – demonstrating a commitment to expanding its market presence and boosting shareholder value. The strong growth in Managed Services bookings shows that it has a robust core product and highlights the effectiveness of its acquisitions. This positive momentum, along with a growing SaaS customer base and a strong pipeline for the rest of the year, is an indication of IZEA’s long-term growth potential. The company was founded in 2006 as one of the first influencer marketing platforms and has now grown to more than 150 team members in 13 countries worldwide. It has completed nearly 4 million transactions between marketers and brands and currently processes tens of millions of dollars to creators each year. To learn more about IZEA's services, visit the company's website. Featured photo by Diggity Marketing on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 11, 2024 08:40 AM Eastern Daylight Time

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