Namaste Technologies (N:CSE) arranges $400,000 note financing
Namaste (N:CSE) Announces Convertible Note Financing
– Momentum Public Relations –
Press Release: September 7, 2016
Namaste Technologies Inc. (“Namaste” or the “Company”) (N:CSE)(FRANKFURT:M5BQ) reports that it has issued a convertible unsecured note (the “Note”) to an arm’s length lender (the “Lender”) for an aggregate principal amount of $400,000 in accordance with the terms of a subscription agreement.
The term of the Note is for an initial 90 days with an option to extend for up to 2 years. The Company will issue the Lender an initial 100,000 common shares of the Company and an additional 100,000 common shares of the Company for each 90 days the Note is outstanding. The Note is redeemable at any time during the initial 90 day term by making a payment equal to the principal amount of the Note. If the Company elects to exercise the extension option, the Lender will be issued an additional 550,000 common shares of the Company and the note shall be redeemable at a ten-percent (10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) premium to the principal amount of the Note. At the option of the Lender, the principal amount of the Note is convertible into common shares of the Company at a conversion price of $0.15 per common share. All common shares issued pursuant to the Note shall have a four month plus one day hold period. The proceeds will be used by the Company for the purposes of inventory expansion, commercialization of new products, and general corporate purposes.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the link below:
- Published in Namaste Technologies, News Home, Technology
MOBI724 Global Solutions Inc.’s (CSE:MOS) Authorizes an Unsecured Convertible Debenture for New Proceeds of up to $1,500,000
MOBI724 Global Solutions Inc.’s (CSE:MOS) Authorizes an Unsecured Convertible Debenture for New Proceeds of up to $1,500,000
– Momentum Public Relations –
Press Release: August 31, 2016
MOBI724 Global Solutions Inc. (“MOBI724”) (CSE:MOS) announces that the Board of Directors have approved the terms of a financing according to which the Company would issue an unsecured convertible debenture (Convertible Debenture) for new proceeds of up to $1,500,000 to an existing institutional investor which is set to close on September 1st, 2016. The Board has also agreed with the institutional investor to cancel an existing Convertible Debenture and to roll over the capital and interest in the amount of $1,205,566.03 into a new convertible debenture to be added to the new proceeds of $1,500,000 for an aggregate total of $2,705,566.03. The Convertible Debenture will mature on June 30, 2018 (Maturity Date) and will accrue interest at a rate of 12{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} per annum. The Convertible Debentures shall be convertible at a price of $0.35 per common share. The Convertible Debenture will be sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will not be listed on the Canadian Securities Exchange (CSE). The common shares issuable upon conversion will be listed on the CSE and will be subject to a four month hold period from the date of closing. For more information, please consult the form 9 filed on the CSE website as required by CSE policies.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Mobi724 Global Solutions, Mobile Technology, News Home, Technology
MOBI724 Global Solutions Inc.’s (CSE:MOS) Signs a Commercial Agreement with FiRe Advertainment to Provide its Mobile Coupons Platform for the Coca-Cola For Me Platform
MOBI724 Global Solutions Inc.’s (CSE:MOS) Subsidiary MOBI724 S.R.L. Signs a Commercial Agreement with FiRe Advertainment to Provide its Mobile Coupons Platform for the Coca-Cola For Me Platform
– Momentum Public Relations –
Press Release: August 20, 2016
Innovative mobile coupons solution with redemption at Point of Sale for the Coca-Cola For Me Platform
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing – MOBI724 S.R.L. an Argentine corporation, a wholly owned subsidiary of MOBI724 Global Solutions Inc., has signed a commercial agreement with FiRe Advertainment to implement, integrate, maintain and support MOBI724’s mobile coupons patent pending solution with redemption at Point of Sale for the Coca-Cola For Me Platform.
MOBI724’s innovative mobile patent pending couponing solution will allow the users of the Coca-Cola For Me mobile app, to redeem their rewards (bubbles) directly at the Points of Sale of participating retailers, in a seamless customer experience.
MOBI724 will also provide other solutions and services such as Data Analytics, BI & Reporting.
Marcel Vienneau CEO of MOBI724 stated “We are very excited to be able to provide our platform to manage and allow the mobile patent pending coupons’ redemption at Point of Sale, for the Coca-Cola For Me program members, alongside FiRe Advertainment, to leverage our state of the art mobile couponing & digital marketing platform.”
Santiago Vernengo Executive Director of FiRe Argentina said: “This project is very important to our Company and having MOBI724 as our partner is a guarantee that it will be a success.”
About FiRe Advertainment:
FiRe Advertainment is an independent Network that operates in 11 countries, specialized in the development and implementation of Brand Content solutions, Real Time Content and advertising, for a lot of prestigious brands and companies, among which Coca-Cola occupies the main place. The platform, Coca-Cola For Me, demanded two years of development and it is being implemented simultaneously in 4 countries of Latin America.
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of Payment & Digital Marketing solutions.
We are innovating in our market with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. We pioneered in adding intelligence to all types of transactions benefiting banks, retailers and cardholders. We succeed in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Our easy-to-adapt gateway Switch is designed for easy integration with all payment protocols in our target markets.
Within the same solution suite we combined our Card Linked Offers solution, and provided financial institutions´ payment card portfolios and retailers the ability to add offers and/or coupons which can be redeemed directly at the Point of Sale, in a seamless user experience for all the parties in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on MOBI724 Global Solutions, visit www.mobi724globalsolutions.com.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Ontario will spend up to $8.3B to fight climate change, offer incentives
International Wastewater Systems Ltd. (IWS: CSE) has developed a technology for recovering wastewater heat and convert it into energy. This Canadian based company is now installing its different systems all over the world and as of now have an order book of more than $80 million. As people around the world are experiencing the increasing consequences caused by climate change, alternative energy sources are becoming more than a trend across the world but rather a necessity for a healthier future. Recently, the city of Vancouver has committed to generate 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of its energy from renewable sources before 2050 and will work with IWS to reduce the demand for new energy and in turn reduce carbon emissions. IWS’ SHARC system reduce CO2 and GHG emissions while providing energy savings and primary energy cost reduction of 30-85{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. This considerable reduction in cost could be highly advantageous for multi-unit residential, commercial buildings and district energy systems. With Ontario recently announcing an $8.3$ billion climate change plan with initiatives that include a focus on encouraging building to switch to more energy-efficient heating systems, IWS can expect a surge in the demand of its products.
– Momentum Public Relations –
Ontario will spend up to $8.3B to fight climate change, offer incentives
Keith Leslie – The Canadian Press
Ontario’s action plan on climate change will include financial incentives to get cleaner, more efficient cars and trucks
on the roads and to convince homeowners and businesses to lower their carbon footprints, The Canadian Press has learned.
The plan, scheduled to be released on Wednesday, calls for government spending of $5.9 billion to $8.3 billion on climate change initiatives over the next five years.
The money would come from the $1.9 billion the Liberal government expects to raise each year by auctioning off pollution emission credits when Ontario joins a cap-and-trade market with Quebec and California next January.
Environment and Climate Change Minister Glen Murray said Tuesday that the government’s plan will add about $5 a month to home heating bills and 4.3 cents a litre to the price of gasoline.
The province opted not to impose a zero-emissions vehicle mandate, which means it won’t impose penalties on automakers that don’t produce enough electric and hybrid cars.
Instead, Ontario will continue to offer rebates of up to $14,000 for electric vehicles, including up to $1,000 for installing a home charging station, and will provide free overnight charging for residential customers for four years, starting in 2017.
“The final release of the document will give you a sense of how invested we are in making those cars very cost competitive, and equal to or lower than conventional technology (cars) at the point of sale,” said Murray.
“There’s a whole bunch of popularly priced vehicles right now, and we’ll be doing some things to make fuelling them inexpensive as well.
Read more at: http://www.cbc.ca/news/canada/toronto/ontario-will-spend-up-to-8-3b-to-fight-climate-change-offer-incentives-1.3620924
Further information on International Wastewater Systems and its products can be accessed through the link below:
- Published in Blog, Green Technology, Technology
International Wastewater Systems (IWS:CSE) Announces Closing of Private Placement
International Wastewater Systems (IWS:CSE) Announces Closing of Private Placements
– Momentum Public Relations –
Press Release: August 22nd, 2016
International Wastewater Systems Inc. (the “Company”) (CSE:IWS)(FRANKFURT:IWI) is pleased to announce the completion of the Company’s previously announced non-brokered private placement pursuant to which the Company has issued 4,800,000 common shares in the capital of the Company (the “Shares“) at a price of $0.20 per Share for aggregate gross proceeds of $960,000 (the “Offering“). Proceeds from the Offering will be used for repayment of the Company’s outstanding loan (see press release dated March 21, 2016) and working capital to fulfill the manufacture and installation of the projects with Metro Vancouver and the British Columbia Housing Management Commission.
In connection with the Offering, the Company paid finder’s fees and expenses of $77,100 and issued 384,000 warrants, each warrant exercisable at a price of $0.20 for a period of two years from the date of issue.
All securities distributed pursuant to the Offering will be subject to a statutory hold period of four months and a day from the date of issuance.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI) is a world leader in wastewater heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical system for heating, cooling & hot water for commercial, residential and industrial buildings.
Further information on International Wastewater Systems and its products can be accessed through the link below:
- Published in Green Technology, International Wastewater Systems, News Home, Technology
Relevium Technologies (RLV.V) Announces Closing of Private Placement
Relevium Technologies (RLV.V) Announces Closing of Private Placement
– Momentum Public Relations –
Press Release: August 19, 2016
Relevium Technologies Inc. (TSX VENTURE:RLV)(FRANKFURT:6BX) (the “Company” or “Relevium”) is pleased to announce that it has completed closing of its previously announced private placement.
The Company has issued an aggregate amount of 5,058,000 units of the Company (the “Units”) at a price of $0.10 per Unit, for gross proceeds of $505,800 to the Company (the “Private Placement”). Each Unit consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant entitling the holder thereof to purchase one Common Share at a price of $0.15 until August 19, 2019. Each Unit will be subject to a statutory hold period of four months and one day from the date of closing.
The Company will use the proceeds from the Private Placement for general corporate purposes.
The Private Placement is subject to the final approval of the TSX Venture Exchange (“TSXV”) as well as other customary closing conditions. Pursuant to an announcement made on July 6, 2016, a portion of the private placement representing 1,500,000 units is further subject to the approval by the shareholders of Maestro Capital Corporation (the subscriber) and the funds will be held in trust until such approval takes place on or before August 31, 2016.
In connection with the Private Placement, the Company paid finder fees in the amount of $2,000 in cash plus 20,000 in Broker Warrants.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities of 1933, as amended, or any state securities laws and may not be offered or sold within the United States, unless an exemption from such registration is available.
About Relevium Technologies Inc.
Relevium is a TSXV listed company focused on growth through the acquisition of businesses, products and/or technologies within the scope of the expanding health and wellness sector, specifically under three important verticals: Pain Relief, Recovery and Performance. Relevium Technologies Inc. currently holds patented intellectual property for application of static magnetic fields on direct-to-consumer devices, which aid in decreasing pain, improving recovery time and enhancing overall physical performance.
- Published in Bio technology, News Home, Relevium Technologies, Technology
Namaste (N:CSE) Increases Site Traffic by 531 From April to July
Namaste (N:CSE) Increases Site Traffic by 531{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} From April to July
– Momentum Public Relations –
Press Release: August 17, 2016
Namaste Technologies Inc. (CSE:N)(OTC PINK:NXTTF)(FRANKFURT:M5BQ) (“Namaste” or the “Company”) has increased its site traffic from 42,353 in April to 267,144 in July, an increase of 531{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} as a result of the acquisition of Vaporseller and enhanced digital marketing strategies. Based on this current trajectory, Namaste is on track to achieve its near term goal of becoming the largest retail e-commerce company focused on the international distribution of vaporizers and accessories through selective acquisitions and organic growth.
Sean Dollinger, President and CEO of Namaste, comments: “Almost exactly one year ago, we started the process of transforming Namaste into a public company with the objective of utilizing our ecommerce, engineering and financial skills to capture significant vaporizer market share. With our acquisition of Vaporseller and our investment in technology, the Company is now in position to become the leading industry consolidator. I am also happy to report that our TSX Venture Exchange listing application is being submitted to the exchange within the coming weeks.”
E-Commerce
Namaste’s core e-commerce business has been growing steadily and the Company has invested significant resources into improving the domain authority index of its flagship UK websites. As a result, domain authority has increased from 21 to 41, which now places Namaste in the top decile of all vaporizer sites globally based on this important metric. Domain authority is a score (on a 100-point logarithmic scale) developed by Moz, an internationally recognized authority on search engine optimization (“SEO”), that predicts how well a website will rank on search engines.
In addition to improving SEO, Namaste has also completed and launched VASTrader, a marketplace for the trading of previously owned vaporizers, and launched the Groovy Vapes application, an interactive application for the purchasing of vaporizers available in the Google Play and Apple stores. The VASTrader site can be accessed at www.VASTrader.com and the Groovy Vapes application is available on both Apple and Android mobile devices. In this emerging industry, research suggests vape owners own more than one unit over their lifetime, and the trading site facilitates gathering key data points on market activity, while also generating traffic back to Namaste owned domains and keeping brands at the top of mind for all consumers.
TSX Venture Application
Due to investor and advisor feedback, Namaste has been working with legal counsel to prepare and submit a listing application to the TSX Venture Exchange with the objective of listing the Company’s common shares for trading on the exchange. The listing application is near complete and will be submitted in the coming weeks. The listing application will be subject to the review and approval of the TSX Venture Exchange and the Company will update the market on its progress in due course.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the links below:
- Published in Bio technology, Life Sciences, Namaste Technologies, News Home, Technology
Mobile Coupons Helps Businesses Get Ahead & Stay Competitive
Businesses Get Ahead by Incorporating Mobile Coupons into Their Marketing Plan
– Momentum Public Relation –
Even among hardcore bargain seekers, clipping coupons in the Sunday newspaper is becoming passe. Since the average adult already views his or her smartphone as an indispensable accessory, it’s not surprising that mobile coupons are in hot demand.
It’s estimated that there will be 1.05 billion mobile coupon users by 2019–encompassing a demographic with higher household incomes, more education, and larger household sizes than the typical consumer. This presents a tremendous marketing opportunity for retailers, consumer-packaged goods manufacturers, loyalty providers, mobile operators, and payment card issuers. Regardless of your particular industry, you’re missing out if you’re not taking advantage of the potential of mobile coupons!
From a customer’s perspective, mobile coupons are simply a convenient money saving tool. For the business owner, they’re so much more. Coupons can be used to:
- Introduce new products to a broad consumer base without the expense of providing free samples
- Promote trial of a product among a new target audience
- Encourage current users of a product to stock up via bulk purchases
- Build a database of customers who are likely to be interested in future offers from your company
Mobile coupons come in many forms, from a simple cents-off or dollars-off coupon to a buy-one-get-one-free coupon or coupon offering discounts for multiple purchases. Newer options in the mobile couponing sector include coupons that are delivered when a customer purchases a related product, coupons with time release expiration dates to encourage repeat store visits, and universal coupons that let the customer choose what to buy from a specific product line. Retailers can experiment with different coupon types to see what offers generate the highest response rates.
Geo-targeting is another key area in which mobile coupons excel. When customers are given mobile coupons for stores in their area, redemption rates soar. The majority of adult shoppers with smartphones report that they regularly check their devices while shopping to learn more about a product or to search for better deals at competing retailers. Appealing to a prospective customer’s desire to save time as well as money is a surefire way to enhance your company’s image.
Montreal-based Mobi724 (MOS:CSE) makes it easy to incorporate mobile coupons into your marketing plan by allowing you to create, manage, and deliver coupons or rewards to your customers regardless of their mobile device type. Custom analytics and smart consumer data make it possible to deliver personalized offers that customers will find impossible to resist, helping you to increase sales and strengthen your position in a competitive marketplace.
Mobile coupons are even more effective when they’re incorporated into a comprehensive marketing plan. Companies that make an effort to increase awareness of their mobile coupons via blog posts, pop-up checkout ads, social sharing plug-ins, website banners, and PPC advertising are more much likely to see a strong return on their investment. Other helpful marketing strategies include incorporating coupons near the top of your company’s digital newsletter, using re-targeting of money-saving offers to attract abandoners back to your website, and posting mobile coupon links to free coupon websites to entice bargain shoppers to investigate what your company has to offer.
For businesses that wish to increase customer loyalty, mobile coupons can be incorporated into a comprehensive rewards program. For example, Mobi724 offers a Points4Discounts program letting cardholders earn points that can be redeemed for a percentage discount as well as a Points4SKU program that offers redemption of points for a specific product. Improving your existing loyalty program can be especially helpful if you’re targeting fickle millennials. In 2014, Bond Brand Loyalty found that 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of millennials claim they’d switch their preferred product brands or change where they shop to get a better loyalty program.
- Published in Blog, Financial Technology, Mobi724 Global Solutions, Mobile Technology, Technology
Mobi724 Global Solutions Inc. (MOS:CSE) Releases Revenues Increase by 800
Mobi724 Global Solutions Inc. (MOS:CSE) Releases Revenues Increase by 800{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and Net Loss Decrease by 43{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Over 6 Months and Adds New Board Member
– Momentum Public Relations –
Press Release: August 5th, 2016
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”)(CSE:MOS), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing, has filed its Q2 financial results for quarter ending on June 30 2016.
Six-Month Year-to-Date 2016 Highlights
- Revenue grew 800{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to $1.283M in 2016 from $161K in 2015
- Net loss decreased by 43{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to ($1.6M) from ($2.8M) in 2015
Mobi724 Global Solutions Inc. | Six-month period | |||
(in $’000) | 2016 | 2015 | ||
$ | $ | |||
Revenues | 1 283 | 161 | ||
Operating Expenses | 2 716 | 1 876 | ||
Operating Income (Loss) | (1 433) | (1 716) | ||
Other Expenses (Income) | 260 | 1 161 | ||
Income Tax Expense (Recovery) | (68) | (65) | ||
Net Income (Loss) | (1 626) | (2 811) | ||
Loss per share | (0,02) | (0,06) | ||
Weighted Average Number Shares | 99 196 720 | 45 418 190 |
Second Quarter 2016 Highlights
- Revenue grew 30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}: $725K in Q2 2016 vs $557K in Q1 2016
- Net loss decrease by 31{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}: ($662K) in Q2 2016 vs ($962K) in Q1 2016
“These great results confirms that we have set the stage for value creation of the company. I am very confident with the progress of sales pipeline and customer approval in the targeted markets for our solutions is gaining traction. As well, we are focused on completing the funding with our partners so we can continue our rapid growth in line with our strategic plan” said Marcel Vienneau – CEO
The board is pleased to announce that Andre Halley will join the board. Andre has extensive career as an executive with companies such as Bell Canada – Bell Mobility – Teleglobe Canada as regional VP for Europe and Africa, CEO of TIW Asia of Hong Kong, CEO of Ooreedo Algeria, board member of European Data Communications, Skywave Communications, Chairman of Cassiot, Executive Chairman of Prevtech Mircobia Inc., Chairman of the advisory board of 2KIC INC. “I am very happy that Andre is joining our board and that he will leverage his extensive network in Asia Pacific and Middle East to actively market the licenses of our solutions in those regions. His strategic views will add value to our governance” said CEO – Marcel Vienneau
About Mobi724 Global Solutions
MOBI724 Global Solutions Inc. (CSE:MOS), a Fintech corporation based in Montreal (Canada), offers a unique and fully integrated suite of solutions PAYMENT – COUPONING – DIGITAL MARKETING (all in one), is a leader in the Fintech industry.
Our vision is to enhance the value of commoditized payment transactions to the players in this eco- system (card associations, banks, mobile carriers and retailers) by adding layers of intelligence to these card- linked transactions (i.e. smart transactions) in a seamless manner for all the players in the eco-system.
MOBI724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale (POS).
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
MOBI724’s PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
- Published in Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Namaste Technologies (N:CSE) Announces Third Quarter Financial Results
Namaste Technologies (N:CSE) Announces Third Quarter Financials Results
– Momentum Public Relations –
Press Release: August 3, 2016
Namaste Technologies Inc. (CSE:N)(OTC PINK:NXTTF)(FRANKFURT:M5BQ) (“Namaste” or the “Company”) has reported financial results for the third quarter and nine month period, each ending May 31, 2016. The financial statements and management discussion & analysis for the period can be accessed on SEDAR at www.sedar.com.
During the quarter, the Company focused efforts on transitioning from pay-per-click advertising to inbound organic e-commence growth strategies, which generated Q3 2016 e-commerce revenue of $738,199 and gross profit was $353,361, representing a 47.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} gross profit margin. For the nine month period, revenue was $2,611,871 and gross profit was $1,058,154, representing a 40.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} gross profit margin. For the 2015 fiscal year, the comparable Q3 revenue was $1,087,256 and the comparable revenue for the nine month period was $3,471,420.
Looking forward to the last quarter of 2016 and first half of 2017, the Company anticipates revenue and gross profit to increase significantly due to further traction with its current inbound e-commerce market initiatives, commercialization of the Gurutm, acquisition of VaporSeller, and seasonal increase of sales activities during Black Friday, Cyber Monday and the holiday season.
Third Quarter Financial Highlights
- Revenue of $738,199 represents a 32.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} decline over Q3 2015 and sequential increase of 5.7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} over Q2 2016. The variance in revenue is indicative of the Company’s transition from expensive pay-per-click advertising to inbound organic e-commence growth strategies which should result in stable revenue performance and decreased advertising spending.
- Gross profit of $353,361 represents a 47.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} gross profit margin for Q3 2016 versus 42.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} for Q3 2015. While gross profit declined versus Q3 2015 by 23.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, gross profit sequentially increased by 11.6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} compared to Q2 2016 and gross profit margin improved from 45.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} to 47.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. The sequential improvement in margin is indicative of the Company’s increased focus on price controls and more favorable terms from manufacturers.
- Operating costs of $716,855 represent a 97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase over Q3 2015 and a 19.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} sequential decrease over Q2 2016. The majority of the increase in operating costs compared to Q3 2015 is due to nonrecurring costs associated with taking the Company public and share-based compensation.
- Pre-tax loss of $363,494 is reflective of the increased operating costs during the period, being primarily due to listing costs and share-based compensation.
Third Quarter Operational Highlights
- Transitioned from pay-per-click advertising to inbound organic e-commence growth strategies focused on domain authority, best-in-class natural rankings, trust of brand growth, client population expansion, and sales conversion optimization. Organic inbound marketing increases the recurring nature of sales and places less dependence of major search engines.
- Maintained #1 brand trust ranking in the vaporizer space, as ranked by Trust Pilot, and achieved approximately a 3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} conversion ratio over the period.
- Entered binding letter of intent for the acquisition of VaporSeller, an e-commerce platform for the distribution of vaporizers and accessories with an unaudited revenue of US$3.4 million in 2015. Subsequent to the quarter ended May 31, 2016, the Company closed the acquisition on July 15, 2016.
- Placed commercial order qualities for the Gurutm, the Company’s first proprietary vaporizer capable of seamlessly vaporizing dry herbs, concentrates and liquids.
Mr. Sean Dollinger, President and CEO of Namaste, comments: “The first nine months of the Company’s fiscal 2016 has been transformational. When I reflect back at the accomplishments of our team over this period, including taking our company public, completing our first external capital raises, securing our first acquisition and implementing long term and sustainable e-commerce marketing strategies, my personal sense of optimism and excitement for the future of Namaste is confirmed. As always, I would like to thank all the stakeholders of Namaste for their support as we continue to move forward with our objective of creating the leading international vaporizer and accessories company globally.”
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Director
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the link below:
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