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ACTIVATE ACCELERATES US EXPANSION WITH 50 NEW LOCATION DEVELOPMENT AGREEMENT

Activate

Activate, the world’s first active gaming facility and TikTok viral sensation, has announced a new exclusive agreement with Sounds Fun Entertainment to accelerate its US expansion. The partnership aims to fast-track Activate’s US presence with 50 new locations across 21 states, solidifying Activate’s position as a leader in the immersive gaming industry–a feat no other immersive gaming experience has accomplished. With 30 locations open in North America and 15 currently under construction, Activate is setting an ambitious goal to double its footprint by the end of 2025. This bold move will bring its presence to 60 total locations, with upcoming launches in iconic cities like Austin, Los Angeles, New York, and San Francisco. “We’re on a fast track to redefine entertainment for a whole new generation, “ said Adam Schmidt, CEO and founder of Activate. “What started as a groundbreaking idea, blending physical activity with immersive, tech-driven gaming, is now more than just a concept. We’ve seen tremendous success in bringing Activate Games to communities across the US, and this new agreement with our incredible partners in Sounds Fun Entertainment demonstrates our commitment to scaling the brand in high-demand markets.” The multi-state deal comes as Activate continues to deliver strong performance results, with an impressive growth trajectory of 1105% in the last three years. Next month, Activate is set to open a flagship location at the Mall of America, one of the country’s most visited destinations, followed by openings in Missouri, Colorado and Florida. "We first saw a Facebook post about Activate in 2019 and immediately sent a team to Winnipeg to find out what was going on up there,” states Jeremiah Sizemore, CEO of Sounds Fun Entertainment. “Our experience in the escape room industry with Breakout Games made it clear that Adam (and Megan, Derek, Jeremy, Rob, Khanh, Justin, Kayla and others) had built something truly unique at Activate. We believed there was a massive amount of potential in the concept and we are grateful they trusted us to be part of that early journey. We think that playing games with people you love brings a specific joy and we can’t wait to bring it to millions more people through these next 50 locations.” With more than 2.7 million players worldwide, Activate’s continued expansion reinforces its presence as a major player in the entertainment space, driven by its one-of-a-kind blend of physical challenges and interactive technology. For more information, visit playactivate.com, or follow @activategames on social media for the latest updates. ### Activate is the world’s first active gaming experience where players #EnterTheGame. Activate offers a unique blend of physical activity and gaming that promotes a healthy lifestyle. Each Activate location provides fun and interactive rooms for players to compete, earn stars and track achievements. With the global headquarters located in Winnipeg, Canada, Activate has grown to 30 locations across Canada, the U.S. and now the world! To join the active gaming movement, visit playactivate.com. Follow Activate on social media: Facebook: Activate Instagram: @activategames TikTok: @activategames Click here for high-res assets Contact Details Jalila Singerff +1 613-614-6777 jalila@jiveprdigital.com Company Website https://playactivate.com

October 16, 2024 12:44 PM Eastern Daylight Time

Agtonomy Closes $32.8M Series A to Accelerate AI-Driven Automation in Agriculture and Expand into Autonomous Industrial Equipment

Agtonomy

Agtonomy, the pioneer in AI-enabled automation software for agriculture and land maintenance, has raised an additional $10M to close its Series A round, bringing total funding to $32.8M. This significant investment, combined with Agtonomy’s commercial offerings and scalable business model, positions the company for accelerated growth and market expansion over the next few years. Autotech Ventures, the leading mobility venture fund, led the round. New investors include Rethink Food, Allison Transmission, and Black Forest Ventures. Existing backers Toyota Ventures, Flybridge, and Cavallo Partners continued their support. This funding marks a pivotal moment in Agtonomy's mission to address labor and climate change challenges through advanced automation for industrial equipment fleet management. “Agtonomy's innovative approach aligns with our mission to revolutionize mobility and automation across various sectors, starting with off-road autonomy. Their unique business model, which combines software expertise with established OEM partnerships, positions them to lead the transformation to autonomous fleet management. We look forward to supporting Agtonomy's experienced team as they address critical labor shortages and sustainability challenges in these industries,” said Alexei Andreev, founding partner of Autotech Ventures. Agtonomy’s immediate growth plans include scaling its West Coast technical team into new markets, expanding its 2025 paid pilot program for permanent crops by 500 percent, and developing technology solutions for other industrial markets that seek world-class automation to improve margins. “The impact Autotech has already had on our business is expansive. We could not have had a better lead investor in this round than this talented group who have focused on the world of mobility since their inception,” said Tim Bucher, CEO and Co-Founder of Agtonomy. Powerhouse Board Validates Agtonomy’s Market Potential Sterling Anderson, a Silicon Valley icon who led the team that created the original Tesla Autopilot and co-founded the leading independent developer of on-road autonomy, will join Agtonomy’s diverse Board of Directors. “Agriculture is a vast and essential element of the human experience. Autonomy can make it better. I’ve been impressed with Agtonomy’s approach, focus, and execution to date and look forward to advising them on this important journey.,” said Sterling Anderson, Co-Founder and Chief Product Officer of Aurora. In May, Agtonomy announced that Jorge Heraud, formerly John Deere’s vice president of automation & autonomy, joined the Board, which includes both co-founders Tim Bucher and Valerie Syme, and Board Chair Jim Meyer, former SiriusXM CEO and current Vice Chair. “By bringing together some of the most impactful technology leaders, our Board is enabling additional firepower in corporate strategy and governance to bring Agtonomy to its full potential,” said Valerie Syme, co-founder and COO of Agtonomy. About Agtonomy: Agtonomy is a California-based, farmer-founded software, services and technology company enabling autonomy to solve agriculture’s most immediate and pressing problems including labor scarcity, climate change and shrinking profit margins. Partnering within the equipment value chain for rapid commercialization, Agtonomy embeds their ‘smarts’ into brand-name tractors and implements, digitally transforming machinery into a remote-operated, task-driven ecosystem for safe, equitable, profitable and climate-smart agriculture. For more information, visit https://www.agtonomy.com/. Contact Details AgTech PR for Agtonomy Sara Winters sara@agtechpr.com Company Website https://www.agtonomy.com/

October 16, 2024 08:30 AM Pacific Daylight Time

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Symphion® Technology to Help Gynecologists Mitigate Nationwide Saline Shortage

Minerva Surgical, Inc.

As the nationwide saline shortage impacts healthcare facilities across the country and the number of elective procedures is being reduced or halted, The Symphion technology from Minerva Surgical offers a solution to help gynecologists mitigate the rationing of saline for operative hysteroscopy procedures. A key feature of the Symphion Operative Hysteroscopy System is the fluid recirculation system. Unlike many uterine tissue removal products that use multiple bags of saline for operative hysteroscopy procedures, Symphion is designed to use one bag of saline during the uterine polyp or uterine fibroid removal. Symphion is the only operative hysteroscopy system with the capability to filter and recirculate saline for continuous use during each procedure. In addition to conserving saline with the fluid recirculation feature, Symphion may improve procedural efficiency by eliminating a workflow disruption or stoppage to replace a depleted bag of saline. This is a common occurrence with open-loop, weight-based fluid management systems. Other features of the Symphion Operative Hysteroscopy System include. • Volumetrically limit patient exposure to saline fluid absorption below the maximum AAGL guidelines of 2500mL • One bipolar RF tissue resecting device to remove uterine polyps and fibroids • Control persistent bleeding with optional coagulation function, which ACOG recognized as an advantage for a tissue removal device • Maintain visibility with independent on-demand aspiration to flush the uterine cavity • Optional digital fluid deficit readout device Darin Hammers, Minerva Surgical Chief Executive Officer said, “Symphion was engineered to address the needs of operative hysteroscopy. We are proud to support our physician and health system partners with a solution to help navigate this critical saline supply shortage and help them continue to provide relief to patients that suffer from Abnormal Uterine Bleeding (AUB).” About Minerva Surgical: Minerva Surgical is a Women’s Health company committed to improving women’s health and quality of life by providing access to minimally invasive, technologically advanced, and innovative solutions for early detection, treatment, and management of uterine conditions. Contact Details Kevin Tracey +1 855-646-7874 info@minervasurgical.com Company Website https://minervasurgical.com/

October 16, 2024 11:00 AM Eastern Daylight Time

XYPN Launches Sapphire, a Corporate Affiliation Model that Offers a New Path to Independence

XY Planning Network

XY Planning Network (XYPN), the nation’s leading support platform for independent, fee-for-service financial planners, today announced that it is launching a Registered Investment Advisor (RIA) affiliation option—Sapphire—which will provide fee-only advisors with best-in-class technology, support and resources without the asset minimums, constraints or fees traditionally associated with joining a corporate RIA or broker-dealer. With the launch of Sapphire, XYPN now offers two ways to join membership. The Emerald path offers all the familiar tech, compliance, community, coaching, advocacy, education, and resource benefits of XYPN Membership and is for those who prefer more flexibility and control over their firm's management. Current Emerald members—and non-XYPN advisors—now have a second path: transitioning to Sapphire’s RIA affiliation model, created for those who want access to all of XYPN’s benefits, but prefer more support and back-office compliance, investment, and client-management outsourcing. Unlike other RIA affiliation models, Sapphire members own their business, clients, and data, and can transition with 100% of their revenue to another platform anytime. As independent contractors, not W-2 employees, Sapphire members fully control how they operate their businesses. “Too often, advisors strike out on their own so they can run their businesses how they want to, but then they join a corporate RIA only to end up back at square one, many times with even less control,” said XYPN CEO and co-founder Alan Moore. “We created Sapphire because many of our members asked for this option. They wanted a program that would allow them to focus on clients, not compliance and regulations. With the addition of Sapphire, fee-for-service planners have two paths to independence, and whichever one they choose, they can have the confidence of knowing that they are in control of their time and businesses.” Because XYPN Sapphire is an SEC-Registered Investment Advisor, their practices can be registered in days, bypassing the lengthy state-level registration process required for advisors operating their own RIAs. For those registered in multiple states or facing increasingly difficult regulatory challenges, it also offers an opportunity to operate under the consistency of SEC-level regulations rather than at the state level. Recently, Sapphire completed a pilot program, providing a select group of advisors with comprehensive support across compliance, investment management, bookkeeping and business coaching. XYPN is onboarding two to three advisors monthly and expects to transition roughly 50 advisors by the end of 2025 while also building out new service offerings across marketing, success coaching and community engagement. “The team at Sapphire has been amazing,” said Brian Muller, founder of Momentous Wealth Advisors. “Since coming on board, I have not been on a call with Schwab Service once personally, and everything gets done timely and efficiently. I couldn't ask for a better partner to handle all the things I need done for my clients and to run my firm. I wanted to have my brand and vision but not be distracted by all the activities required of a state-registered RIA. ” XYPN’s Sapphire membership is affordable and transparent. Unlike other affiliation models with opaque pricing, Sapphire offers a simple fee structure: $1,500 per month and 20% of the advisor’s revenue. Advisors interested in joining XYPN Sapphire are invited to fill out an interest form at: https://www.xyplanningnetwork.com/xypn-sapphire For more information, visit XYPN Sapphire’s sites for advisors and consumers. About XYPN XYPN is the only turnkey advice and planning platform that makes it possible for fee-only financial advisors to build the independent firm of their dreams with complete autonomy. We do this through ongoing advocacy and access to education and training, curated technology, compliance support, community, and back-office and client support services. Contact Details Lisa Aldape, Vocatus +1 917-676-1716 laldape@vocatusllc.com Company Website https://www.xyplanningnetwork.com/

October 16, 2024 10:00 AM Eastern Daylight Time

VF Developments Completes 920 Everett Street, a Newly Renovated Multifamily Property in the Chinatown Area of Los Angeles, California, with Three-Bedroom Units to the Market

Rev Up Marketers

VF Developments, LLC, a minority and female owned and run company, has completed unit reconfigurations and renovations on two- and three-bedroom units at “920 Everett”, a 2000s built modern style multifamily property. The community is located in the highly desirable Victor Heights neighborhood in Los Angeles, California. Victor Heights is a hillside area just north of the city of Los Angeles and near Chinatown with sweeping views of downtown LA. The apartment homes are featured on the property manager Drake Real Estate Group’s website - https://www.drakereg.com/for-lease. Victoria Vu, a renowned designer and Managing Partner of VF Developments, LLC carefully designed and restored the rental homes. Ms. Vu was formerly a leading Halloween costume designer and is a graduate of the prestigious Fashion Institute of Design & Merchandising. All units have stunning views of the Downtown Los Angeles skyline. These luxury rental homes feature keyless entry door locks to spacious two- and three- bedroom floor plans with newly modernized kitchens, bathrooms and in-unit washer and dryers. The kitchens boast white stone quartz countertops with brand new self-closing cabinetry and high-end stainless-steel Whirlpool refrigerators with matching gas cooktop with oven and microwave. Bathrooms have been enhanced with new bathtubs and glass shower doors with designer touches. The apartment homes are separately metered with 10 onsite parking spaces. 920 Everett Street has a Walk Score of 87 out of 100 - a Very Walkable location so most errands can be accomplished on foot. This location is in the Greater Echo Park Elysian neighborhood in Los Angeles. James Kemple, general contractor for VF Developments, LLC, completed the interior renovations. He noted “We have worked very hard to renovate these units to offer to our new incoming residents. We enjoyed the transforming these units into modern day living spaces. The team that completed the renovations on the units were entirely locally based minority vendors, employees, and contractors. We are proud to create jobs in the Chinatown area for minorities, significantly improve the community, and provide more affordable housing.” This downtown Los Angeles modern two-story garden walkup in Victor Heights has six spacious two- and three-bedroom two bath units. Victor Heights is a small hillside neighborhood in downtown LA located east of Echo Park, northeast of Angeleno Heights, southwest of Elysian Park, and northwest of Chinatown. Located just down the street from Everett Park and around the corner from The Elysian, a William Pereira-designed mid-century office building repurposed and transformed with 91 luxury live/work suites and two-story penthouses. Victor Heights is bounded by Sunset Boulevard on the south, 110 freeway and Chinatown on the east, Stadium Way on the north, and Marview Avenue on the west. A video of the community and location can be seen here - https://www.youtube.com/watch?v=I3RowFLnvR4&t=20s Victoria Vu commented, “We are excited to complete the renovation on 920 Everett Street, bring the property to market, and lease it up to provide much needed affordable housing to the city of Los Angeles. We just hit the market for preleasing and have experienced incredible interest. We also plan to build an ADU (accessory dwelling unit) building in the large parking area with a very affordable rent. As a first generation American we strive to enhance the communities around us and create modern living spaces for our residents.” VF Developments, LLC acquired the Los Angeles multifamily property located at 920 Everett Street, Los Angeles, California with the plan of repositioning and adding capital improvements. Originally built in 2000, VF Development's improvements included enhancements to exterior redesign to enhance the simple clean lines of modern architecture. These improvements include new wood exterior façade, new exterior paint, landscaping with bright white rocks and succulents and completely restored and upgraded interior finishes. Kim Vu added, “We are excited to complete this major apartment renovation in the Chinatown area of Los Angeles and bring these units to market to welcome in our new residents. The apartment homes are high-quality finished with the added convenience of in-unit washer and dryers. Plus, the views of the downtown Los Angeles are spectacular with everything that LA has to offer being a very short drive or walk away.” About VF Developments: VF Developments, minority and female owned and run company, has acquired over $69 million in multifamily properties since 2015 totaling 40 properties and 256 units with many around USC and Downtown LA. These stunning building transformations are featured here on Instagram: https://www.instagram.com/vfdevelopments. VF Developments strives to provide neighborhoods in gentrifying areas of Los Angeles and Orange County Class A building design finishes at accessible and affordable market rents to future tenants. VF prides itself with the opportunity to create modern living to add value to its communities. With properties ranging from condominiums to multifamily residences in gentrifying areas throughout the greater Los Angeles area and Orange County region. VF manages a multitude of processes including finding unique, off market opportunities, syndicating properties, overseeing renovations, and using unique architecture and interior compositions transforming distressed properties into contemporary, market-ready homes and apartment communities. VF seeks value add investment opportunities and creates significant value for clients and investors. VF Developments is an entrepreneurial company specializing in acquiring, renovating, and managing multifamily properties in Los Angeles and Orange Counties. The company targets under-performing and mismanaged multifamily properties in gentrifying areas of these counties. VF also completes significant renovations that modernize and transform dated properties into cutting edge, high quality, best in class living environments - ultimately creating substantial value enhancement for its investors. Videos of the stunning communities can be seen here - https://www.youtube.com/@vf-developments Contact Details VF Developments, LLC Victoria V. Vu victoria@vf-developments.com Company Website https://vf-developments.com/

October 16, 2024 09:40 AM Eastern Daylight Time

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How to Choose the Best Online Bingo Site: Key Features to Look For

Acroud Media

With the rapid rise in popularity of online bingo, players have more choices than ever before. However, not all bingo sites are created equal, and selecting the right platform is essential to ensure a fun, secure, and satisfying gaming experience. Whether you’re a seasoned bingo enthusiast or a newcomer to the world of online bingo, understanding what to look for when choosing a site is key. Here are the most important features to consider when selecting the best online bingo site for your needs. 1. Licensing and Regulation: Ensuring a Safe and Secure Environment The first step in choosing an online bingo site is verifying its licensing and regulation. A properly licensed site guarantees that the platform follows strict standards for player protection, security, and fairness. Look for bingo sites that are licensed by reputable regulatory authorities, such as: UK Gambling Commission (UKGC) Malta Gaming Authority (MGA) Gibraltar Gambling Commissioner These licenses ensure that the site is regularly audited for fair play and adheres to strict rules that protect players from fraudulent activities. Expert Tip: Licensing information can typically be found at the bottom of the website. Always double-check the license on the official regulator's website. 2. Game Variety: More Than Just Bingo While bingo is the main attraction, the best online bingo sites also offer a wide range of game types and formats. Whether you prefer the fast-paced excitement of 75-ball bingo, the classic 90-ball format, or specialty games like 80-ball bingo, it’s important to choose a platform that caters to your preferences. Additionally, many bingo sites provide access to a variety of other games, such as: Slots Scratch cards Table games Live dealer games Having a diverse range of games means you can enjoy a complete gaming experience all in one place. 3. User-Friendly Design and Mobile Compatibility A great online bingo site should be easy to navigate, with a user-friendly design that allows you to find games, promotions, and information quickly. Make sure the site offers a clean interface, intuitive layout, and fast loading times, whether you’re playing on a desktop computer or a mobile device. With the increasing trend of gaming on the go, mobile compatibility is a crucial feature. The best bingo sites will have mobile-optimized websites or dedicated apps for iOS and Android devices, allowing you to enjoy your favorite games anytime, anywhere. 4. Bonuses and Promotions: Getting the Most for Your Money Online bingo sites often offer generous bonuses and promotions to attract new players and reward loyal customers. When choosing a site, look for the following types of bonuses: Welcome Bonuses: Typically given when you sign up and make your first deposit, offering free bingo tickets or a matched bonus. No Deposit Bonuses: Allows new players to try out games without depositing money, often giving free bingo tickets to start playing. Loyalty and VIP Programs: Many sites offer rewards for regular players, including cashback, exclusive games, and extra bonuses. Regular Promotions: These can include jackpot games, free ticket giveaways, and special seasonal events. While bonuses can boost your playing experience, always read the terms and conditions, especially regarding wagering requirements, which dictate how many times you must wager the bonus before withdrawing winnings. 5. Payment Methods: Fast, Secure, and Convenient Transactions One of the most important aspects of any online bingo site is its range of payment methods. Look for sites that offer trusted and secure payment options, including: Credit and Debit Cards E-wallets Bank Transfers Prepaid Cards Additionally, ensure that the site has a clear withdrawal policy, with reasonable processing times and minimal fees. A good bingo site will process withdrawals efficiently and provide detailed information on how long each payment method takes to complete. 6. RNG Certification and Fair Play: Ensuring Fairness in Every Game To ensure that all games are fair, reputable bingo sites use Random Number Generators (RNGs) to determine game outcomes. The RNG ensures that bingo numbers are drawn randomly, giving each player an equal chance of winning. Look for bingo sites that have their RNGs tested and certified by independent auditing bodies such as eCOGRA or iTech Labs. This certification guarantees that the games are fair, random, and transparent. 7. Social Features: Community and Chat Rooms One of the major appeals of bingo, both online and offline, is the social aspect of the game. The best online bingo sites will have chat rooms where players can interact with each other, participate in chat games, and engage with friendly chat hosts who moderate the room. Playing in an active community adds to the fun and excitement of the game, so choose a site with a vibrant and welcoming community. Many platforms offer chat bonuses or mini-games that can result in additional prizes while you play. 8. Customer Support: Getting Help When You Need It A reliable bingo site will offer customer support that is responsive, friendly, and available through multiple channels. Look for sites that provide: Live chat support for immediate assistance Email support for detailed enquiries Phone support for direct communication Ideally, the support team should be available 24/7 to address any questions or issues that may arise, ensuring that your gaming experience is smooth and hassle-free. Conclusion: Finding Your Perfect Bingo Site Choosing the best online bingo site involves balancing safety, entertainment, and community. By selecting a site that is licensed, secure, offers a variety of games, provides generous promotions, and supports fair play, you can ensure a rewarding and enjoyable bingo experience. Whether you’re looking for exciting gameplay, great bonuses, or a lively social environment, following these guidelines will help you find the online bingo platform that best suits your preferences and ensures that your time spent playing is both fun and secure. For more detailed information on the best online bingo sites in the industry and to get more tips on finding the best online bingo sites for yourself, click here. Contact Details Acroud Media info-media@acroudmedia.com

October 16, 2024 08:42 AM Eastern Daylight Time

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Canoo Builds Modular EV Solutions For Commercial And Government Clients

Benzinga

By Johnny Rice, Benzinga Greg Ethridge, CFO of Canoo (NASDAQ: GOEV), was recently a guest on Benzinga’s All-Access. Canoo Inc. is an automotive tech company that manufactures electric cargo vehicles for large commercial and government fleet customers globally. The company has developed design-forward electric vehicles with steer-by-wire technology on its common modular platform with end-to-end software plus power solutions. Ethridge told Benzinga that his company stands out for providing clients with full, long-term solutions rather than just the EV product. Canoo’s production facility in Oklahoma will be the first automotive foreign-trade zone in the state. Watch the full interview here: Featured photo by Hyundai Motor Group 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

October 16, 2024 08:35 AM Eastern Daylight Time

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After Marking Multiple Milestones On Growth Journey Including Nasdaq Listing, Innovation Beverage Group Eyes Further Global Expansion Through Deep Beverage Portfolio

Benzinga

By Kyle Anthony, Benzinga A cocktail is not only for refreshment; it can also be an experiential offering for many individuals who want to entice and excite their taste palate with different flavor profiles. Innovation Beverage Group’s (NASDAQ: IBG) business model has been built on beverage brands tailored for various lifestyle occasions, allowing individuals to have a refreshing drink selection suitable for their distinct and everyday moments. IBG is a developer, manufacturer and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands. Developments Occurring Within The Beverage Landscape As reported by Tastewise, the global beverage industry is experiencing double-digit growth, with projected revenue expected to reach $235.70 billion in 2024 – with a projected compound annual growth rate (CAGR) of 10.05% from 2024 to 2029. Among the rising trends in the beverage market, flavored mixes and cocktails with low or no alcohol have risen in launches by 26%, as reported by Innova Market Insight. Ready-to-drink cocktails are also emerging, with an 18% increase in limited-edition products in the subcategory. Gen Z is helping drive interest in new, exciting experiences and novel flavors with their beverage consumption, underscoring demand for innovation in the industry. Brands are increasingly promoting their beverages via limited-edition products and unique collaborations with expected and unexpected companies. These factors are driving the emergence of D2C platforms catering to the specific needs of customers. IBG’s Distinct Value Proposition Within The Beverage Landscape Established in 2018, IBG is an Australia-based company with a global focus. The firm’s distillery/ innovation and manufacturing facility is in Sydney, Australia, while its U.S. sales office is in New Jersey. Focused on premium and super-premium brands and market categories that can disrupt age-old brands, IBG's brands include Australian Bitters, Bitter Tales, Drummerboy Spirits, Twisted Shaker and more. IBG's most successful brand to date is Australian Bitters, which the company reports disrupted a 200-year-old market leader, giving the company a market-dominating position in several territories, including a partnership in Australia with Coca-Cola Europacific Partners. As detailed in IBG’s latest investor presentation, the global bitters markets represented wholesale sales of around $4 billion in 2020. The value of the total bitters market is forecasted to grow by over $800 million, exhibiting a CAGR of 3.7% over 2020-2025. Cocktail bitters experienced a 13.5% CAGR between 2015 and 2019 and the segment is expected to grow at over 9.3% annually between 2020 and 2025. Accounting for 40% of the global bitters market by volume, the U.S. is the most valuable bitters market in the world, with Australia being second, representing 13% of the global market by volume. Australian Bitters has an approximate 20% market share in Australia from a starting base of 0% in 2018. IBG’s Competitive Strengths And Capabilities As referenced previously, IBG has a deep and versatile beverage portfolio designed to appeal to a broad consumer base. Australian Bitters and BitterTales have been recognized and awarded by the LA Spirits Award, a prestigious competition that evaluates and recognizes excellence in the spirits industry. Winners of the LA Spirits Awards receive recognition for quality and craftsmanship. In the non-alcoholic category, IBG offers Drummerboy Spirits, a beverage developed with a focus on taste that appeals to a growing lifestyle market of non-alcoholic drinkers. Finally, Twisted Shakers are pre-mixed cocktails, crafted to be well-balanced, with just the right amount of sweetness, appealing to individuals that have a ‘go to’ favorite beverage. From a technology and logistical perspective, IBG has multiple-owned proprietary direct-to-consumer channels allowing scale and back-end integration of its owned brands. Bevmart Australia and Bevmart USA are platforms that enable consumers to purchase their desired beverage products and explore new offerings. Wired For Wine is an online, premium wine store acquired by IBG in November 2021, and based in the U.S. IBG reports that it brings vertical integration, exclusive brand strategy and broader offerings not previously offered on Wired for Wine. In 2023, the business structure was modified from selling value wines to premium and collectible wines with price points over $200 per bottle, now offering over 500 highly-rated and sought-after wines at, the company says, the best prices. Recently, IBG signed a distribution agreement with Sysco, a global leader in foodservice distribution. As part of this deal, IBG’s Australian Bitters, the first bitters to be sold by Sysco, will become available through Sysco.com, SyscoMarketplace.com and SuppliesontheFly.com. Sysco operates 340 distribution facilities worldwide and serves approximately 730,000 customer locations. As such, the deal also broadens IBG’s sales reach in the U.S. IBG Becomes A Public Company And Grows Leadership IBG became a publicly traded company this year, debuting on the Nasdaq, garnering $5.4 million on its issuance of 1,350,000 ordinary shares at a public offering price of $4.00 per share. With the company positioning itself for growth, particularly in the U.S., going public offered it an avenue to raise capital and tell its story to the investing public, building resonance and interest in its long-term development. The firm’s initial public offering was also a precursor to growth in the executive suite, as it was announced that former Angostura Holdings CEO, Genevieve Jodhan, would be joining IBG as chief sales officer. Angostura Bitters is the largest cocktail bitters brand with established distribution globally, and it is reported to be the world's most widely distributed beverage alcohol brand. Genevieve Jodhan's joining IBG indicates the firm’s goal of growing its market share within the industry. Jodhan's professional accolades are known, with the leader most notably having directed the commercial team that re-engineered the distribution model for Europe, the Middle East, Africa, Asia and Australia for Angostura and having marketed the company’s international brands, including Angostura Aromatic Bitters. She joins the executive leadership team at IBG. CEO Dean Huge has over 35 years of experience in various executive leadership roles and has demonstrated success in growing profitable operations and executing turnarounds. Sahil Beri, chairperson and COO, has a master's in pharmacy and over 10 years of operational experience in the beverage industry. Finally, Eric Yu, chief financial officer, has over 15 years of experience in accounting firms, management consulting and commercial corporations in the food and beverage industry. A Distinctive Company With An Eye On The Future IBG wants to disrupt the beverage landscape by making quality a table stakes attribute across its versatile product offerings. As IBG makes its way into the U.S. market, leveraging proprietary technology and vertical integration to disrupt the traditional path from distillery to customer and forging strategic partnerships with entities such as Sysco, the company is hoping to establish a footprint to distinguish itself from its peers and make its name as a global operator. Featured photo by Aleksandar Andreev 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

October 16, 2024 08:30 AM Eastern Daylight Time

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Glory Zenith Group Paves the Way for Sustainable Development in the CVD Diamond Industry

Rev Up Marketers

Glory Zenith Group, a U.S.-based global leader in technological innovation, is dedicated to applying a wide range of diamond-based products across various industries. With robust research capabilities and a comprehensive production chain, the company continually advances technological innovation and product upgrades, covering everything from raw material production to the design and manufacturing of multi-industry applications, as well as online and offline retail brands. Located in the Zhengzhou Airport Economic Comprehensive Bonded Zone in Henan Province, China, the group's large-scale production base is designed to meet the extensive potential demands of the diamond industry. The establishment of this production base by Glory Zenith Group underscores its strategic focus on growing demand and technological innovation in the CVD diamond sector. Covering an area of approximately 40,000 square meters, the facility will be equipped with over 1,000 units of CVD reactors in various types (MPCVD, HFCVD, MOCVD), with an expected annual production capacity of 2 million carats of CVD diamonds. This production scale reaches the highest levels in the CVD diamond industry, enabling Glory Zenith Group's diverse diamond products to achieve strong global competitiveness. In recent years, diamonds, as high-performance materials, have been increasingly utilized in multiple fields. Beyond their common application in jewelry, they have expanded into semiconductors, precision tools, heat spreader, optical instruments, and even quantum computing. Through continuous exploration of the material properties of diamonds, Glory Zenith Group is poised to become a key force driving upgrades in national pillar industries such as medicine, manufacturing, defense, and aerospace, serving as a powerful engine to help companies reduce costs, increase efficiency, and break through technological bottlenecks. Furthermore, Glory Zenith Group operates with a firm commitment to Environmental, Social, and Governance (ESG) principles, which are deeply embedded in every aspect of the new production base. The rooftop is covered with large-scale solar photovoltaic (PV) panels, allowing the production process to utilize renewable energy to the fullest extent, significantly reducing dependence on fossil fuels and lowering the carbon footprint. Alongside the installation of solar panels, energy storage systems ensure stable power supply even during periods of insufficient sunlight. These initiatives not only set a benchmark for other manufacturers but also pave the way for a greener future, where advanced technology complements environmental protection. From the initial design stage of the production base in Henan, China, Glory Zenith Group had already established long-term goals aimed at market expansion and product development. By leveraging cutting-edge technologies, continuously improving production capacity and product quality, integrating smart sensors and AI models to enhance automatic control systems, and implementing real-time data collection, automatic temperature control, wafer loading, and automated quality inspection, the goal is to create the first lighthouse factory in the ultra-hard materials industry. Facing the challenges brought by global climate change, Glory Zenith Group remains committed to contributing to the protection of the Earth's environment through technological innovation, effectively reducing the extraction and consumption of natural resources, thereby alleviating the pressure on ecological environments caused by economic development. The launch of the new production base demonstrates the group's determination to shape a green future in the CVD diamond sector. As stakeholders participate in Glory Zenith Group's journey towards sustainability, they will also witness an era of transformative innovation in the CVD diamond industry. "In this globalized and digitalized age, innovation remains the key driver of industry transformation. In our new factory, we have adopted advanced production processes and technological means to significantly reduce energy consumption and emissions, achieving efficient energy utilization," said Dr. Troy Jonathan Baker, Senior Vice President of Glory Zenith Group, who studied under Professor Shuji Nakamura, the 2014 Nobel Prize laureate in Physics, during the inauguration ceremony. About the Company-Glory Zenith Group Glory Zenith Group, headquartered in the United States, is a globally - recognized technology company founded on the core values of integrity, innovation, collaboration, and shared success. Committed to applying diamond in diverse industries, it adheres to ESG principles, with a focus on environmental protection, social responsibility, and sound corporate governance. Its aim is to achieve both economic and social benefits through responsible business development. With strong research and development capabilities, Glory Zenith Group leads the industry with a comprehensive supply chain. Its products can be used in a wide range of sectors, including jewelry, high - power chip heat dissipation, advanced optical windows, cutting tool coatings, microwave radio frequency, industrial water treatment, quantum technology, and more. It intends to empower industries to reduce costs, improve efficiency, conserve energy, reduce emissions, and drive technological breakthroughs that promote global progress and contribute to a better planet for humanity. For more information, Glory zenith group’s website at https://gloryzenithgroup.com/ Contact Details Glory Zenith Group Victoria LU VictoriaLU@gloryzenithgroup.com Company Website https://gloryzenithgroup.com/

October 16, 2024 07:37 AM Eastern Daylight Time

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