Digital Asset DirectQYOU Media
Contact Details Doug Barker +1 437-992-4814 shareholder@qyoutv.com Company Website https://www.valuethemarkets.com
October 13, 2023 08:00 AM Eastern Daylight Time
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News ReleaseNextech3D.AI
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to share news regarding a significant development in the company's MapD business unit. MapD has successfully integrated and launched its indoor navigation capabilities with ARway.ai's cutting-edge technology, opening up a world of possibilities for event organizers. This integration marks the inception of a groundbreaking Augmented Reality (AR) Powered Event Mobile App. This technology introduces a new revenue channel for event organizers through exclusive AR experiences accessible solely via the event mobile app. Event organizers can take advantage of white-glove deployment services and sponsorship sales services, creating a novel and lucrative approach to event monetization. One of the key benefits of this integration is the ability to offer immersive AR experiences, which can include 3D/AR mobile games and other interactive elements. These experiences will transform the way attendees engage with events, making them more interactive and enjoyable. Furthermore, this integration enables event organizers to offer attendees a first-of-its-kind AR navigation experience at trade shows and other events. This not only enhances the overall quality of event experiences but also creates a powerful new revenue stream for organizers. By offering AR sponsorships and immersive experiences, events can tap into a new source of income and further engage attendees. In summary, the integration of MapD and ARway.ai represents a significant advancement in the field of event technology. It offers event organizers a unique opportunity to enhance their events with immersive AR experiences and generate additional revenue through sponsorship opportunities. This innovative approach aligns with Nextech3D.ai's commitment to leveraging cutting-edge technology to enhance event experiences and create new opportunities for growth. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
October 12, 2023 02:17 PM Eastern Daylight Time
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News ReleaseVertiqal Studios
Vertiqal Studios CEO Jon Dwyer joined Steve Darling from Proactive to share some exciting developments. Vertiqal Studios has just unveiled a strategic partnership with Just Media Group that encompasses a wide range of production and distribution services, with a primary focus on the flagship Mean Girls Podcast. Dwyer enthusiastically revealed that Vertiqal's highly skilled production team will be lending their expertise to the Mean Girls Podcast, which is slated to be shot and produced at Vertiqal's state-of-the-art facility in the vibrant city of New York. However, their collaboration goes beyond just the podcast. Vertiqal Studios has set its sights on creating innovative short-form video strategies and executing direct media brand campaigns in tandem with Vertiqal's production capabilities, thereby ensuring a comprehensive and multi-faceted approach to content creation. In a further testament to their commitment to this partnership, Alex Bennett and Jordyn Woodruff, the creative masterminds behind the Mean Girl Podcast, will take on advisory roles within the Vertiqal Studios advisory board. Their unique insights and creative vision will undoubtedly play a pivotal role in shaping the future direction of this dynamic collaboration. As part of this exciting venture, Mean Girl will provide Vertiqal Studios with unedited footage from their podcast and other activations. This content will be meticulously edited and distributed across Vertiqal's own media channels. One noteworthy highlight is a mutually beneficial revenue-sharing agreement exclusively tailored for Snapchat, where both parties will enjoy a 50/50 revenue split. In essence, this strategic partnership between Vertiqal Studios and Just Media Group promises to be a creative powerhouse, combining their respective strengths in production, distribution, and content creation to bring audiences engaging and entertaining content across various platforms, with a special emphasis on the ever-popular Snapchat. It's a collaboration set to make waves in the world of media and entertainment. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
October 12, 2023 02:00 PM Eastern Daylight Time
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News ReleaseFREELANCER.COM
Freelancer.com (ASX: FLN) (OTCQX: FLNCF), the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted, today released its quarterly report revealing the most in-demand online jobs on the platform for Q3 2023. The Fast 50 Q3 2023 report, a quarterly dataset ranking the fastest growing and falling jobs on the platform, analyzed over 277,000 jobs posted by employers to Freelancer.com between July and September 2023. According to the data, the fastest growing freelance jobs by percentage growth in Q3 2023 were mostly writing, content creation and marketing related. As AI continues to advance, the need for human creativity remains strong. Employers are once again seeking freelancers to support with Creative Writing and Content Writing projects, which are up 22.4% and 19.4% respectively. A surge in demand for writing skills across the platform means there were more than 10,000 additional writing projects available in Q3 2023, which were already a trending skill evident in the previous quarter. The Q3 2023 data also indicates a consistent trend in businesses seeking freelance marketing support, with Search Engine Marketing (up 24.1%), Videography (up 17.4%) and Telemarketing (up 16.5%) seeing notable growth across the quarter. This aligns with the previous quarter's emphasis on business marketing activities. “Our Freelancer Fast 50 Report is a forward leading indicator of the skills and expertise businesses need today. Artificial Intelligence is powering a boom in content creation, particularly focusing on writing, marketing and video production skills” said Matt Barrie, Chief Executive at Freelancer. “Generative AI is superskilling freelancers and their ability to produce extremely high quality content and faster than ever before. Tools like ChatGPT and Bard have changed the game when it comes to producing and refining written content, while advances in video AI such as Runway Gen-2, HeyGen and Pika Labs means that video production and editing can be done with a click of a button.” Growth in skills like User Interface / IA (up 17.4% from 3,071 to 3,607) and UX / User Experience (up 13.9% from 1,193 to 1,359) highlight the importance of user-centric design in today's digital landscape. Data Mining (up 14.9% from 2,374 to 2,728) and Data Processing (up 10% from 11,013 to 12,115) were also amongst the top growing jobs. These skills are often associated with Sales functions and Lead Generation, which are also growing in the quarter, up 13.3% and 11.4% respectively. By leveraging freelancers to research leads, businesses can operate more efficiently and focus more on relationship building in the sales process. Design, Marketing and Video Creation Jobs Lead Year-on-Year Growth Several skills have surged in demand when comparing Q3 2022 and Q3 2023. Jobs for User Interface (UI) Design have doubled, growing by 101.9% to 3,607 from 1,786 in the same period last year. Search Engine Marketing jobs grew 80.4% (from 1,597 to 2,881) and Videography jumped by 77.1% (from 2,716 to 4,809). Fastest Falling Jobs of Q3 2023 The recent data highlights a shift in the demand for specific technical skills, which saw a significant increase last year as many tech companies laid off technical staff. There's a noticeable decline in jobs for certain established programming languages and frameworks. For instance, Matlab and Mathematica saw a 25.1% decrease (from 1,349 to 1,011 jobs). Similarly, projects requiring skills in AngularJS jobs dropped by 23.5% (from 1,722 to 1,318), while those requiring Django experts experienced a decline of 23.4% (from 1,216 to 932). C Programming, C++ Programming, and Python, which were all in-demand skills in Q3 2022, also all decreased on the platform in Q3 2023. While algorithms remain integral to many processes, there's been a reduction in specialized roles in this domain. This trend is evident in the decrease in demand for Algorithm skills, which saw a decrease of 22.5% (from 1,438 to 1,114 jobs). This might be a consequence of the advent of more intuitive tools and platforms that simplify algorithmic tasks. __________________________________________________________________________________________________ Fast 50 Q1 2023 - Data Analysis Writing Jobs Show No Sign Of Slowing Down The introduction of highly sophisticated and powerful generative AI tools have led many experts and commentators to predict that skills such as writing will be replaced by AI. However, the latest Fast 50 Q3 data demonstrates that writing jobs are here to stay, as content writing, creative writing, copy typing and ghostwriting jobs increase by more than 20% over the last quarter. These skills continue to flourish after reporting growth in the previous quarter on Freelancer.com, with Creative Writing ranked as the fastest growing skills in Q2 2023 (up 58%, from 1,868 to 2,961). An Increase in writing skills for two quarters in a row suggest that businesses are placing more emphasis on content creation by hiring freelancers to write articles and produce creative content. Copy Typing, the fastest growing skill for Q3’23 (up 28.7% from 6,381 to 8,213) encompasses all types of jobs from data entry to helping write e-books to transcription and typist projects. While technical projects do require degrees and past experience, most copy typing jobs can be performed by freelancers with no prior knowledge, making it a lucrative side hustle for freelancers globally. AI’s Impact on Whitecollar Jobs While writing jobs continue to flourish over the past 6 months, there is a need to understand how generative AI will impact jobs and various freelancing skills. In a longform essay titled ‘ AI know what you did last summer ’, Freelancer.com CEO Matt Barrie discusses the bleeding edge of AI technology and how he predicts these will go on the shape white-collar jobs. Barrie suggests that to be competitive in a world of AI, workers will need to adapt or move up the stack: “Those in white collar jobs will need to move ‘up the stack’. Illustrators become cinematographers. Writers become editors. Software developers become product managers. Grad students now run a research group.” Barrie also highlights that there is a major opportunity for freelancers, arguing that AI-powered freelancers will ultimately be the winners as they have the ability to compete against middle class workforces all around the world. AI’s impact on work productivity is evident in a recent AI study conducted by Freelancer.com which found that in a survey of over 1,300 US workers, a majority of those US workers (75%) are using generative AI tools in their work. One in three (33%) workers are using AI tools all the time in their work, while one quarter of US workers (25%) are using these tools sometimes and one sixth (16%) admit to never using AI at work. Marketing & Video Production Sustain Growth, Growing Every Quarter in 2023 Marketing and Video Production skills are one of the most in-demand skill categories on the platform, with data showing they’ve now grown every quarter since the beginning of the year. Search Engine Marketing (up 24.1%, from 2,321 to 2,881) ranked as the third fastest growing skill on the platform. Telemarketing (up 16.5%, from 1,054 to 1,228) has grown in Q3 as businesses turn towards more traditional marketing tactics. Sustained growth in different types of marketing skills means there are many opportunities for skilled freelancers to find unique projects on the platform. As for video production, not only is the skill up quarter-on-quarter, but both Video Production and Videography have almost doubled when compared to the same time last year, up 58.1% and 77.1% respectively. The surge in freelancer video production jobs can be attributed to the booming demand for online content, especially on platforms like YouTube (up 10.3%, from 1,174 to 1,295 jobs in Q3) and TikTok. As content is a staple in many marketing strategies, businesses are turning to freelancers to help them produce content, boosting this as a potential category for workers. Businesses Delegating Sales Functions to Freelancers As found in the Freelancer.com World’s Most Boring Job research, businesses often delegate research heavy tasks to on-demand freelancers. In turn, this allows businesses the ability to operate more efficiently and focus on more impact-based tasks. A unique trend uncovered in the Fast 50 Q3 2023 shows that businesses are leaning on freelancers to help with the research portion of the sales function. Sales and Lead Generation ranked as some of the fastest growing jobs in the quarter, up 13.3% and 11.4% respectively. Interestingly, Sales and Lead Generation both featured in the top 25 fastest growing jobs in Q2 2023. Growth in sales and lead generation is an example of how businesses are employing freelancers to help them streamline the sales process. ###### Freelancer Fast 50 The Freelancer Fast 50 report is the world’s largest forward indicator of trends in online jobs related to industries, technologies, products, and companies. The data is based on 277,000 jobs posted to the Freelancer.com platform between July 1 to September 30 2023. Fast 50 Q3 2022 vs Q3 2023 Fast 50 Q2 2023 vs Q3 2023 Data About Freelancer Twelve-time Webby award-winning Freelancer.com is the world’s largest freelancing and crowdsourcing marketplace by total number of users and projects posted. More than 69 million registered users have posted over 23.1 million projects and contests to date in over 2,000 areas as diverse as website development, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer owns Escrow.com, the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet with over US$5 billion in transactions secured. Freelancer also owns Freightlancer & Loadshift, enterprise freight marketplaces with over 550 million kilometers of freight posted since inception. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN and is quoted on OTCQX Best Market under the ticker FLNCF. Forward-looking statements This document contains certain "forward-looking statements". The words "anticipate", "believe", "expect", "project", "forecast", "estimate", “outlook”, “upside”, "likely", "intend", "should", "could", "may", "target", "plan" and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance, including Freelancer’s FY23 outlook, are also forward-looking statements, as are statements regarding Freelancer’s plans and strategies and the development of the market. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Freelancer, which may cause actual results to differ materially from those expressed or implied in such statements. Freelancer cannot give any assurance or guarantee that the assumptions upon which management based its forward-looking statements will prove to be correct or exhaustive beyond the date of its making, or that Freelancer's business and operations will not be affected by other factors not currently foreseeable by management or beyond its control. Such forward-looking statements only speak as at the date of this announcement and Freelancer assumes no obligation to update such information. The release, publication or distribution of this document in jurisdictions outside Australia may be restricted by law. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. Contact Details Freelancer.com Marko Zitko +61 404 574 830 mzitko@freelancer.com
October 12, 2023 07:09 AM Pacific Daylight Time
News ReleaseQYOU Media Inc
ValueTheMarkets News Commentary - The Indian entertainment market is growing at a rapid rate that far outstrips contemporaries in the West. The huge nation of more than 1 billion people is expected to see a compound annual growth rate of nearly 15% over the next five years according to Statista. This article discusses the issue with reference to Netflix ( NASDAQ: NFLX ), Walt Disney Co ( NYSE: DIS ), Paramount Global ( NASDAQ: PARA ) and QYOU Media ( TSXV: QYOU ) ( OTCQB: QYOUF ). With a huge population dominated by young people, an emerging middle class and rapid adoption of technology, India represents a compelling opportunity for entertainment companies. We'll explore here how some, like Netflix, appear to be underperforming and facing criticism for their efforts. Meanwhile, Disney has seen some success but might be bailing out of the country as it faces increasing competition from the unlikely form of Paramount's JioCinema. Harnessing the power of cricket has yielded explosive viewing figures, but producing local content seems to be the key to growth in this market. QYOU Media (TSXV: QYOU) (OTCQB: QYOUF) produces, distributes and monetizes content created by social media influencers and digital content stars. The company has recently announced the launch of a new smart TV channel dedicated to Bollywood and Indian entertainment industry news. The channel continues the company's tried and tested method of using creator-led content. That's because this new venture is a collaboration with Bollywood Hungama, a leading social media destination for Bollywood gossip. With the Indian smart TV market having tripled in the last 18 months and making up more than 90% of TVs sold in the country over the last year, focusing on the space could be a smart strategy. However, with its wide variety of content being distributed across app-based platforms, video-on-demand services, traditional networks and even gaming platforms, the company is reaching over 125 million Indian households weekly as it strives to build an entertainment empire. Netflix (NASDAQ: NFLX) is another company seeking to capitalize on the huge Indian entertainment market. According to the Economic Times, the streaming service's subscriber base in the country floats around between the 8 million and 10 million mark. There is a huge amount of content created specifically for the market on the platform. These Indian Netflix originals include 59 original movies and even more television shows, as well as several stand-up comedies and documentary features. While this sounds like a significant amount of both subscribers and local content, it might not be enough. Analysts at AllianceBernstein have noted that the streaming giant lags behind several big-name competitors in the country in terms of subscriber numbers, despite attempts to entice people on board with price cuts. The key problem with Netflix's offering in India? Alliance Bernstein analysts point to a lack of locally produced content, which makes up just 12% of its offering for Indian users. Walt Disney Co (NYSE: DIS) is at the other end of the streaming spectrum. This entertainment giant has performed strongly in India, obtaining approximately 40 million subscribers through its Disney+ Hotstar offering, which is the largest streaming platform in the country. The platform has an emphasis on local networks, carrying content such as films, television series, live sports and original programming. This content is combined with established Disney brands and franchises like Walt Disney Studios, Pixar and Lucasfilm, creating an entertainment offering with big-brand and local crossover. However, Disney has faced major competition in the region too. Recent reports suggest the entertainment powerhouse could even opt to sell Hotstar off to Indian billionaire Gautam Adani. There is some suggestion that this is due to pressure from emerging competitor JioCinema. This growing streaming giant even has a major Western entertainment company behind it… Paramount Global (NASDAQ: PARA), with their Paramount+ streaming app, have had fair success too, with second-quarter earnings showing a 47% increase in revenue from the platform, while viewing hours rose too. However, it's the company's activities in India that we're interested in. That's because it owns a 13% minority stake in JioCinema owner Viacom18, offering significant exposure to the rapidly growing Indian streaming outfit. Its growth has been aided by the decision to show Indian Premier League (IPL) cricket matches for free. Indeed, the 2023 IPL final set a record for concurrent viewership of a streaming broadcast, attracting over 120 million unique viewers. The success of this platform led Paramount to recently shelve plans to launch its own app in India, instead opting to release content as part of JioCinema's premium package. This could potentially supercharge an already wildly successful product. Several strategies have been employed as companies compete to dominate the Indian entertainment market. Netflix appears to have failed to lean heavily enough into locally produced content in its efforts, with Disney, QYOU and Paramount all using local studios and creators to steer the success of their content. Aside from this, exploiting India's fascination with cricket and growing interest in tech and gaming appears to be key to ensuring continued success. IMPORTANT NOTICE AND DISCLAIMER PAID ADVERTISEMENT This communication is a paid advertisement. 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October 12, 2023 10:00 AM Eastern Daylight Time
News ReleaseComcast Colorado
Comcast announced that next week it will begin to introduce the first residential customers in the world to next-generation Internet powered by DOCSIS 4.0 technology. The latest version of DOCSIS technology is a giant leap forward in Internet connectivity that can deliver multi-gigabit symmetrical speeds to customers over the connections that already exist in tens of millions of homes in Comcast markets across the country. As a part of the launch, Comcast will introduce a new portfolio of symmetrical products for residential customers. Comcast will begin rolling out DOCSIS 4.0 to select neighborhoods in Colorado Springs, CO, and will launch new markets throughout the country over the next few years. Select areas of Atlanta, GA and Philadelphia, PA are expected to begin rolling out before the end of this year. “The ubiquity of our network, which is already accessible to tens of millions of homes, provides us with an incredible opportunity to bring multi-gigabit upload and download speeds to communities across the country with the scale and efficiency that no other provider can replicate,” said Dave Watson, President & CEO, Comcast Cable. “Our connectivity experience, powered by the Xfinity 10G Network, will allow us to deliver speeds up to 10 Gbps over our traditional network to virtually all our customers, plus even better reliability, lower latency, and the best in-home WiFi coverage. We’re entering the next phase of this industry leadership with DOCSIS 4.0 technology to introduce X-Class Internet products that will revolutionize the way our customers get online today and many years into the future.” Introducing X-Class Internet Symmetrical 10 Gbps service based on fiber-to-the-home technology is already available in all of Comcast’s markets, and as part of its continued network evolution and the introduction of DOCSIS 4.0, multi-gig symmetrical speeds are rolling out. New and existing residential customers connected via DOCSIS 4.0 will have access to Comcast’s newly introduced next-generation X-Class Internet portfolio. X-Class speed tiers include X-300 Mbps, X-500 Mbps, X-1 Gbps and X-2 Gbps upload and download speeds and low lag for the ultimate live sports streaming experience on Peacock, smooth connections on work calls, and ultra-responsive gaming. “The enhancements that we have been making to our network over the past few years have been foundational to creating an award-winning network architecture that is fully virtualized and capable of delivering these exciting capabilities to our customers,” said Elad Nafshi, Chief Network Officer, Comcast Cable. “This is an awesome achievement and I’m incredibly proud of the team of brilliant technologists here at Comcast who have worked relentlessly to make DOCSIS 4.0 a reality ahead of schedule.” Full Duplex DOCSIS Comcast’s path to DOCSIS 4.0 leverages breakthrough network technology known as “Full Duplex” that utilizes the same network spectrum to dramatically increase upstream speeds without sacrificing downstream speeds. Comcast 10G Innovation The DOCSIS 4.0 launch is the latest in a long line of world firsts that Comcast has spearheaded in the effort to implement DOCSIS 4.0. In April 2021, Comcast conducted the first-ever live test of full duplex DOCSIS and later that year tested the world’s first 10G connection all the way from the network to a modem. In 2022, Comcast conducted a world-first live trial and connected a business location in the Philadelphia region to its live network including a DOCSIS 4.0-enabled 10G node and multiple cable modems. In February 2023, the company marked another major milestone in the nation’s largest and fastest multi-gig deployment by announcing its latest Xfinity 10G Network upgrade launched to 10 million homes and businesses. In addition to Comcast’s efforts to deploy DOCSIS 4.0 and other 10G upgrades across its footprint, the company continually invests in delivering a superior connectivity experience that is not only fast but is also reliable with less lag. Award Winning Tech – Comcast has lead the industry in deploying technologies within its network to enhance speed, reliability and latency like distributed access architecture (DAA) and a vCMTS, which earned an Emmy® Award for Technology and Engineering. Smart Network – Comcast-developed technology like Comcast Octave and Xfinity Fiber Meter (XMF), enables optimized network performance by proactively identifying and even repairing network impairments that impact customers’ services. Storm-Ready WiFi – In August 2023, Comcast introduced Storm-Ready WiFi, the first product of its kind offered by an Internet provider designed to maintain a connection during a power or local outage. Low Latency – Deployed Active Queue Management (AQM) system nationally and currently trialing the latest CableLabs low latency DOCSIS (LLD) specification. DOCSIS Technology Data Over Cable Service Interface Specification (DOCSIS) was first introduced in 1997 as a solution for high-speed data to be transmitted over existing cable wires, replacing dial-up phone lines for an Internet connection. Comcast has been a leader in deploying DOCSIS updates to deliver faster speeds to all the homes and businesses in its service areas. In early 2016, Comcast was the first to introduce DOCSIS 3.1-powered Gigabit Internet service and rapidly expanded Gigabit speeds across the country to more locations than any other provider. Xfinity customers in Colorado Springs will be able to sign up online for the new DOCSIS 4.0-powered Internet plans. ### About Comcast Corporation Comcast is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Leslie Oliver +1 303-810-6326 leslie_oliver@comcast.com Company Website https://colorado.comcast.com/
October 12, 2023 08:00 AM Mountain Daylight Time
News ReleaseNextech3D.AI
NextTech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive with a comprehensive corporate update, shedding light on the various business units under NextTech3D.ai and their impressive achievements. One noteworthy highlight is the company's collaboration with major clients like Amazon, Kohl's, and others, where NextTech3D.ai has been instrumental in building over 60,000 models. The company's remarkable growth is reflected in its financial performance, with a 157% increase in revenue over the past six months and a remarkable 155% rise in Q2 revenue compared to the previous year. The company is well on track for a record-breaking fourth quarter as well. MapD, the company's events solutions platform, is also experiencing substantial growth, with multiple reseller agreements signed, including partnerships with Advanced Solutions, Rainfocus, CannaCon, and American Tradeshow Services, which has renewed its annual license. In just nine months, MapD has already surpassed its 2022 revenue figures. Toggle3D.ai, a SaaS solution that utilizes generative AI to convert CAD files, has garnered impressive traction with over 17,000 sign-ups and over 19,000 projects generated. The platform's integration with Sketchfab, boasting over 5 million 3D models available for download, has further strengthened its appeal. The company anticipates surpassing 30,000 users by year-end and plans to introduce additional pricing plans to enhance flexibility. Gappelberg also highlighted the success of ARway, which has secured key deals with prominent entities, including one of California's largest shopping malls, the second-largest university in Turkey, and the largest rental car company in South America. The company's robust pipeline includes 13 identified corporations as pilot project prospects across various vertical markets, including retail, healthcare, education, manufacturing, telecom, and digital marketing. ARway's selection to complete an initial build of the ARway Platform on Apple's Vision Pro hardware at Apple Park demonstrates its position at the forefront of augmented reality technology development. In summary, NextTech3D.ai's diverse business units are flourishing, with impressive growth, strategic partnerships, and a robust pipeline of opportunities across multiple industries. The company's innovative solutions and strong client relationships position them as a significant player in the ever-evolving fields of 3D modeling, augmented reality, and generative AI. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
October 11, 2023 01:31 PM Eastern Daylight Time
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News ReleaseBenzinga
By Faith Ashmore, Benzinga Oncotelic Therapeutics (OTCQB: OTLC) is a clinical-stage biopharmaceutical company. Its primary focus is on developing innovative drugs for oncology and infectious disease and aging. OT-101 is the company’s lead immuno-oncology drug candidate, showing promise in the treatment of deadly cancers as well as acute COVID-19. It is a first-in-class anti-TGF-β RNA therapeutic that inhibits a protein called Transforming Growth Factor Beta (TGF-β). TGF-β is known to suppress the immune system, help cancer cells evade the immune system and increase the growth and spread of cancer cells. OT-101 functions by interrupting the production of TGF-β, thereby allowing the immune system to recognize and attack cancer cells. In preclinical trials, OT-101 demonstrated strong and selective expression of TGF-β inhibition, leading to the activation of the immune system in cancer patients. Phase 2 studies of OT-101 have shown promising results in treating pancreatic cancer, melanoma and glioblastoma, with strong efficacy and safety outcomes among treated patients. Pancreatic cancer, glioblastoma, melanoma and other cancers like colorectal cancer are all highly aggressive types of cancer that can be difficult to treat. Each year, thousands of people in the United States are diagnosed with these cancers. Experts predict 97,610 Americans will be diagnosed with melanoma in 2023, while pancreatic cancer is projected to affect 64,050 people. In the case of glioblastoma, it affects 12,000 to 15,000 people in the U.S. each year. These markets are all significant in the world of immunotherapy. For example, the global market size for pancreatic cancer was $2.22 billion in 2022, and it is expected to be worth around $7.91 billion by 2032. Similarly, the global glioblastoma market is expected to grow at a compound annual growth rate of 8.8% from 2021 to 2028 to reach $4.2 billion by 2028. Despite the large markets, these cancer types still need more therapeutic options, especially for advanced cases or when existing treatments don't provide adequate results. Pancreatic cancer and glioblastoma, in particular, are often considered underserved areas due to limited treatment options, while melanoma and colorectal cancer have seen progress in their treatments in recent years, but there is still a need for more effective therapies. The successes of ongoing research in oncology, such as OT-101 in pancreatic cancer, bring hope that more breakthrough treatments will be available in the future. OT-101 was designed to improve existing cancer treatments, such as pembrolizumab marketed by Merck & Co’s (NYSE: MRK) as Keytruda. Pembrolizumab – is an immunotherapy used to treat various types of cancer, including lung cancer, melanoma and triple-negative breast cancer. In addition to showing promising results in treating cancer patients, OT-101 has seen success in helping combat infectious diseases. Recent phase 2 trial results have shown that OT-101 has activity against the SARS-CoV-2 virus, which causes COVID-19, and was safe to administer to patients with COVID-19, including severe and critical cases. This indicates that the drug has potential therapeutic benefits in treating acute COVID, as well as other respiratory viral infections. The potential benefits of OT-101 could be especially important for people suffering from long COVID. Long COVID, also known as post-COVID conditions, refers to a broad range of signs, symptoms and conditions that persist or develop after an individual has recovered from an acute COVID-19 infection. These symptoms can last for weeks, months or even years after the initial diagnosis of COVID-19. Oncotelic is also advancing other drug candidates, including CA4P and Oxi4503. These drugs utilize different mechanisms of action to target cancer cells and disrupt their growth. This diversified pipeline strategy allows Oncotelic to explore multiple approaches to cancer treatment and increase the likelihood of success in addressing different types of cancer. The company seems to have a deep understanding of the field of oncology and is actively working to provide patients with better treatment options. 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
October 11, 2023 09:00 AM Eastern Daylight Time
News ReleaseBenzinga
By John Biggs In the wake of a significant reduction in U.S. venture capital (VC) funding, which dropped from $345 billion in 2021 to $238 billion in 2022, there has been a marked shift towards non-dilutive funding among tech companies. D istinct from traditional equity funding, where companies trade ownership for capital, non-dilutive investment ensures businesses don’t lose their equity or control. Available options include revenue-based financing, debt financing, tax credits, and royalty financing. Late-stage growth companies find this method especially appealing as it spares them from personal guarantees or future revenue commitments. Liquidity Group, the largest AI-based financial asset management firm in the world, witnessed a 360% demand surge in Q2FY23. Ron Daniel, its CEO, noted, "We’ve transformed non-dilutive funding into an important alternative," a sentiment bolstered by the unstable VC equity funding environment. Benefits Of Non-Dilutive Funding Non-dilutive funding offers several advantages for businesses seeking capital without sacrificing ownership or control. One major advantage is the extended repayment periods typically associated with non-dilutive investments. This allows businesses to manage their cash flow more effectively by spreading out the repayment over a longer period. Additionally, non-dilutive funding options often do not require personal guarantees, reducing the risk for founders and executives. Instead, lenders or investors focus on the company's future revenue and growth potential to assess repayment likelihood. This makes non-dilutive funding an attractive option for businesses with predictable or steady revenue streams. By understanding these advantages and effectively negotiating with capital firms, businesses can access the capital they need while maintaining ownership and control. Types Of Non-Dilutive Funding There are several types of non-dilutive funding options available to businesses, each with its own unique advantages and requirements. One popular form of non-dilutive funding is revenue-based financing. This type of funding allows businesses to secure capital by selling a part of their future revenue to investors. Unlike traditional bank loans, revenue-based financing offers flexible repayment terms based on the company's monthly revenue, making it an attractive option for businesses in need of cash flow without the burden of fixed monthly payments. Here is a rundown of the most popular types: Revenue-based Financing: Companies pledge part of their future revenue to investors, offering more flexibility than standard loans. Tax Credits: Government-backed credits can significantly reduce a company's costs. Grants and Awards: Often provided by government bodies and foundations, these don’t require repayments or equity exchanges. Compared to traditional bank loans, non-dilutive funding options offer several advantages. Traditional loans often require personal guarantees and can come with extended repayment periods, putting personal assets at risk. Additionally, banks may require a substantial track record or collateral to secure a loan, making it difficult for businesses or early-stage companies to qualify. By leveraging non-dilutive funding options, businesses gain access to capital without incurring debt or giving up equity. This is particularly beneficial for businesses and high-growth companies seeking to maintain control over their business strategy and decision-making processes. If you're looking to grow your business while keeping full ownership intact, exploring non-dilutive investment options is a practical and attractive solution. In avoiding the downsides of traditional bank loans and maintaining control over your company's future, non-dilutive funding provides a valuable alternative for entrepreneurs seeking to maintain their vision while securing the necessary capital. Non-Dilutive Investment Appeals To VCs N on-dilutive financiers add a layer of security for VCs. They intensively assess and validate businesses, making such companies more appealing to those willing to invest further. That said, despite the advantages, non-dilutive funding also has its challenges. Accessibility can be an issue, and the need for proven revenue history may deter some. Furthermore, most non-dilutive methods still require repayments, putting future revenues under commitment. Negotiating terms in non-dilutive agreements can be intricate. Clear communication is imperative to find a mutually beneficial arrangement, focusing on interest rates, repayment terms, and other crucial factors. In conclusion, while non-dilutive funding presents itself as an attractive solution in the current financial landscape, businesses must weigh both the advantages and potential challenges before moving forward. As more and more move away from VC, however, it’s easy to say that non-dilutive investment is now the new hotness. 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
October 11, 2023 09:00 AM Eastern Daylight Time
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