NetworkNewsBreaks

MondayAug 22, 2022 11:32 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Announces Upcoming Launch of Fully Functional Demonstrator FIVE EV Crossover Vehicles

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that the first fully functional demonstrator vehicles of the Mullen FIVE EV Crossover will begin arriving this October. Mullen and hofer powertrain have been jointly developing the upcoming vehicles, which will be utilized in Mullen’s upcoming 2022 “Strikingly Different” Test Drive Tour as well as other events planned across the U.S. in 2023. “We are thrilled to launch the first fully functional, demonstrator FIVE EV Crossover vehicles this October,” said David Michery, CEO and chairman of Mullen Automotive. “Mullen and hofer have been working diligently to have these…

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MondayAug 22, 2022 11:15 am

NetworkNewsBreaks – Sugarmade Inc. (SGMD) Subsidiary Inks MSA for Manufacturing, Distribution Expansion

Sugarmade (OTC: SGMD) subsidiary SugarRush has signed a management services agreement (“MSA”) with Canndis Inc., a California cannabis micro-license holder. The MSA outlines an expansion for the company’s manufacturing and distribution operations based on Canndis’ license, which includes delivery, manufacturing, distribution and cultivation capabilities. The MSA calls for Sugarmade to take over cannabis product manufacturing, distribution, delivery licensing and facility management ahead of Canndis’s first harvest at its Jerusalem Grade Farm; the farm is licensed for 43,560 square feet of outdoor canopy area and is growing at full capacity this season. According to the announcement, the MSA provides for the…

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MondayAug 22, 2022 11:03 am

NetworkNewsBreaks — BIT Mining Limited (NYSE: BTCM) Releases Q2 2022 Unaudited Financial Report

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, is reporting its unaudited financial results for the quarter ended June 30, 2022. Notable numbers from the report include revenues of $195.5 million for the quarter, down from the same period last year, and operating loss of $23.3 million, representing an $8.4 million increase over Q2 2021 and a $19.0 million increase over Q1 2022. BTCM reported non-GAAP operating loss of $8.7 million for the quarter and net loss of $21 million, while basic and diluted losses per American Depositary Share ("ADS") attributable to BIT Mining for the quarter totaled $0.29. The…

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FridayAug 19, 2022 3:04 pm

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Customizing Globally Successful Business Models for Unique Needs of Chinese Market

FingerMotion (NASDAQ: FNGR), an evolving technology company, recently partnered to launch mobile device protection products through its subsidiary, Shanghai TengLian Jiujiu Information and Communication Technology Co. Ltd (“TengLian”). “The partnership will see the Chinese carriers [China Unicom and China Mobile] distribute the mobile device protection products as embedded, value-added features bundled with existing voice, device and data subscription plans. Underwritten by a NYSE-listed Fortune 500 insurance company, FingerMotion’s mobile device protection products will offer three tiers of protection: accidental damage to screens, mechanical breakdown and trade-in solutions. This is a departure from the norm in the Chinese mobile device protection…

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FridayAug 19, 2022 2:30 pm

NetworkNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Leveraging GM-X Solution, Robust Portfolio to Exploit New Era of Online Gambling Sector’s Growth

Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, is well placed to exploit the growth of the online gambling sector. “The advent of online gaming as well as the rapid uptake witnessed within the realm of metaverse gaming has attracted a host of platforms to the sector… There are now several thousand platforms vying for market share within an increasingly crowded space. A number of those companies are seeking to focus their efforts on marketing, opting to procure their operational systems and gaming portfolios from third-party providers such as Golden Matrix Group.…

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FridayAug 19, 2022 2:11 pm

NetworkNewsBreaks – Graphex Group Limited (NYSE American: GRFX) Announces Pricing of Upsized $11.7M Public Offering

Graphex (NYSE American: GRFX) and Graphex Technologies LLC, its wholly owned US subsidiary, a global leader in mid-stream processing of specialized natural graphite used for electric vehicle (“EV”) lithium-ion (“Li-ion”) batteries, recently announced the pricing of its upsized public offering. According to the update, the offering consists of 4,695,653 American depositary shares (“ADSs”), with each ADS representing 20 ordinary shares, par value HK$0.01 per share, of the company, at a public offering price of $2.50 per ADS, for aggregate gross proceeds of approximately $11.7 million before deducting underwriting discounts, commissions and other expenses. Graphex has also granted the underwriters a…

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FridayAug 19, 2022 1:20 pm

NetworkNewsBreaks – LQwD FinTech Corp.’s (TSX.V: LQWD) (OTCQB: LQWDF) PaaS Enabling Faster Transactions, Lower Fees, Higher Levels of Security

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network (“LN”), is focused on increasing the scalability of Bitcoin and transactions using the LN. “The Federal Reserve Bank of Cleveland Working Paper Series released Working Paper 22-19 in June 2022 entitled ‘The Lightning Network: Turning Bitcoin into Money.’ The FED conjectures early on that the LN has reduced Bitcoin blockchain congestion and resulted in lower mining fees… The introduction of the LN has reduced the amount of time it takes for payment processing to provide almost instant results. The…

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FridayAug 19, 2022 1:03 pm

NetworkNewsBreaks – Eat Well Investment Group Inc. (CSE: EWG) (OTC: EWGFF) Supplying Options Worldwide to Improve Food Security

Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) is a plant-based foods investment company working to supply a number of climate-friendly options to consumers from its base of operations in Canada. “[Subsidiary plant-based ingredients processor Belle Pulses] in particular is our food security play today globally… Distributed in 35 countries and now more critical than ever because pulses are made in three places in the world – Ukraine, Saskatchewan and China, and unfortunately the Ukraine has become challenged. So Belle is fielding calls from around the world,” a recent article quotes Eat Well President and CEO Marc Aneed as saying.…

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FridayAug 19, 2022 12:53 pm

NetworkNewsBreaks – Friendable Inc. (FDBL) Supporting, Nurturing Independent Artists

Friendable (OTC: FDBL), through its recently acquired Artist Republik and FeaturedX as well as its flagship offering, Fan Pass Live, offers a solution where so many other platforms fail to support independent artists. “Friendable’s solution is a 360-degree music artist platform that provides production, distribution and marketing resources without label control. This ‘anti-label’ approach also gives users more control over their music and the revenue that comes from it – with 100% revenue returned to the artist on ticket sales, tips and more,” reads a recent article. “Initially released in July 2020, Fan Pass Live has seen substantial growth, with…

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FridayAug 19, 2022 11:51 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Featured in Silicon Review Article

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, was featured in an article published by The Silicon Review(R). The piece, titled “David Michery, Mullen Automotive CEO: ‘Experience premium automotive retail that fits into your everyday life,’” highlights excerpts from a recent interview with the MULN executive. “I love cars, and this was an opportunity for me to buy into something that I’ve been a fan of for a long time. I’ve always been an advocate car collector; you gotta love what you do. I want to be responsible; the use of fossil fuels will disappear. I like to…

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