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<a href="http://www.channelchek.com/company/dfmtf">Research News and Market Data on DFMTF</a>



VANCOUVER, BC,&nbsp;Feb. 7, 2023&nbsp;/PRNewswire/ - Defense Metals Corp. ("Defense Metals" or the "Company"; (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce it has engaged SRK Consulting (Canada) Inc. ("SRK") to commence site geotechnical investigations at its wholly owned Wicheeda Rare Earth Element (REE) Project during 2023. The Company is also pleased to announce the appointment of Mr.&nbsp;Kevin Weston&nbsp;as Wicheeda REE Project Development Coordinator.



Craig Taylor, CEO, and Director of Defense Metals stated:



"We are excited to start this new phase of development for our Wicheeda Rare Earth Project. Defense Metals is pleased to continue its relationship with SRK given their prior involvement in our positive PEA and recently completed pit slope geotechnical study. Given the rapid pace of project development, we are also very pleased to announce the appointment of Mr.&nbsp;Kevin Weston&nbsp;as Project Development Coordinator. We look forward to Kevin focusing his more than 40 years experience in mine permitting, operations, and project management on the continued development of Wicheeda; one of the best rare earth projects globally."



SRK Geotechnical Study Details



The SRK geotechnical studies will inform the planned Wicheeda REE Project preliminary feasibility study ("PFS") with respect to areas of geotechnical engineering, hydrology, site infrastructure, tailings facilities, geochemistry, and site water management. SRK's work will include field investigations, including preliminary characterization of shallow soil subsurface and bedrock foundations, tasks designed to advance the PFS engineering work including preliminary characterization of shallow soil subsurface and bedrock foundations.



The work will facilitate the development of PFS level design criteria, including siting evaluation, and alternative trade-off studies focusing on technical, environmental, permitting risk and socio-economic considerations to support community and stake-holder engagement. As part of the alternatives assessment a study of surficial geology and geomorphology to identify potential geohazards, and identify potential borrow pit areas both for tailings storage facility ("TSF") construction materials and as suitable reclamation material for mine closure is planned. In addition, rock geochemical characterization to support mine planning/waste management and to develop preliminary water chemistry predictions will be completed.



Appointment of Project Development Coordinator



Defense Metals is pleased to announce the appointment of Mr.&nbsp;Kevin Weston&nbsp;as Wicheeda REE Project Development Coordinator.&nbsp;Kevin Weston&nbsp;is a graduate of&nbsp;McGill University's&nbsp;mining engineering program with more than 40 years of experience in mine permitting, operations, and project management. Kevin is a proven safety/environmental leader and community relations builder.



Significantly, Mr. Weston brings a wealth of prior&nbsp;British Columbia&nbsp;project development experience having been COO of JDS Silver Inc. when, between 2013 and 2017, he oversaw the engineering, successful mine permitting, and ultimately construction of the Silvertip silver-lead-zinc mine in northern&nbsp;British Columbia.



Mr. Weston will be instrumental in coordinating the technical, geological, engineering, environmental, socio-economic and First Nations engagement aspects of the Wicheeda REE Project in support of future project development permit applications.



Future permitting of the Wicheeda REE Project is expected to proceed through the B.C. Ministry of Energy, Mines, and Low Carbon Innovation Major Mine Permitting Office ("MMPO") and environmental assessment ("EA") via the BC Environmental Assessment Office ("EAO") as required by&nbsp;British Columbia's&nbsp;Environmental Assessment Act.&nbsp;B.C. has a rigorous EA process that carefully evaluates the potential environmental, economic, social, heritage and health impacts of proposed projects, as well as potential impacts to First Nations interests.



About the Wicheeda Rare Earth Element Property



Defense Metals 100% owned, 4,262-hectare (~10,532-acre) Wicheeda REE Property is located approximately 80 km northeast of the city of&nbsp;Prince George, British Columbia; population 77,000. The Wicheeda project is readily accessible by all-weather gravel roads and is near infrastructure, including hydro power transmission lines, gas pipelines, The nearby Canadian National Railway and major highways allow easy access to the port facilities at&nbsp;Prince Rupert, the closest major North American port to&nbsp;Asia.



The 2021 Wicheeda REE Project Preliminary Economic Assessment technical report ("PEA") outlined a robust after-tax net present value (NPV@8%) of&nbsp;$517 million&nbsp;and an 18% IRR1. This PEA contemplated an open pit mining operation with a 1.75:1 (waste:mill feed) strip ratio providing a 1.8 Mtpa ("million tonnes per year") mill throughput &nbsp;producing an average of 25,423 tonnes REO annually over a 16 year mine life. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of&nbsp;$440 million&nbsp;initial capital within 5 years.



Defense Metals and the McLeod Lake Indian Band have entered into a Mineral Exploration Agreement that establishes a framework for communication and cooperation going forward and provides current economic opportunities for the community. In addition, the agreement provides a roadmap to building a long-term and mutually beneficial relationship as the exploration activities advance.



<figure class="wp-block-table"><table><tbody><tr><td></td><td></td><td></td></tr><tr><td>1&nbsp;Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.'s Issuer Profile on SEDAR (www.sedar.com).</td></tr></tbody></table></figure>



 Qualified Person



The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), Principal and Consultant of APEX Geoscience Ltd. of&nbsp;Edmonton, Alberta, who is a director of Defense Metals and a "Qualified Person" ("QP") as defined in NI 43-101.&nbsp;Mr. Raffle has verified the data, which included a review of the sampling, analytical and test methods underlying the data, information and opinions disclosed herein.



About&nbsp;Defense Metals Corp.



Defense Metals Corp. is a company focused on the development of&nbsp;its 100% owned Wicheeda Rare Earth Element mineral deposit, located near&nbsp;Prince George, British Columbia, Canada,&nbsp;that contains metals and elements&nbsp;commonly used in in green energy, aerospace, automotive and defense technologies. Rare earth elements are especially important in the production of magnets used in wind turbines and in permanent magnet motors for electric vehicles. &nbsp;Defense Metals Corp. trades in&nbsp;Canada&nbsp;under the symbol "DEFN" on the TSX Venture Exchange, in&nbsp;the United States, under "DFMTF" on the OTCQB and in&nbsp;Germany&nbsp;on the Frankfurt Exchange under "35D".



For further information, please contact:&nbsp; Todd Hanas, Bluesky Corporate Communications Ltd. Vice President, Investor Relations Tel: (778) 994 8072 Email:&nbsp;<a href="mailto:todd@blueskycorp.ca">todd@blueskycorp.ca</a>



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



Cautionary Statement Regarding "Forward-Looking" Information



This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, the completion of the site geotechnical investigations by SRK, the Company's plans for its Wicheeda REE Project, making permit applications, expected results and outcomes, plans to complete a PFS, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3776826-1&amp;h=325220455&amp;u=https%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com" target="_blank" rel="noreferrer noopener">www.sedar.com</a>. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), &nbsp;risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters),&nbsp;risks relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.



Cision



View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/defense-metals-engages-srk-to-start-pre-feasibility-level-site-geotechnical-investigations--appoints-project-development-coordinator-for-wicheeda-rare-earth-element-project-301740739.html" target="_blank" rel="noreferrer noopener">https://www.prnewswire.com/news-releases/defense-metals-engages-srk-to-start-pre-feasibility-level-site-geotechnical-investigations--appoints-project-development-coordinator-for-wicheeda-rare-earth-element-project-301740739.html</a>



SOURCE Defense Metals Corp.

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<a href="http://www.channelchek.com/company/dfmtf">Research News and Market Data on DFMTF</a>



VANCOUVER, BC,&nbsp;Feb. 7, 2023&nbsp;/PRNewswire/ &#8211; Defense Metals Corp. (&#8220;Defense Metals&#8221; or the &#8220;Company&#8220;; (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce it has engaged SRK Consulting (Canada) Inc. (&#8220;SRK&#8221;) to commence site geotechnical investigations at its wholly owned Wicheeda Rare Earth Element (REE) Project during 2023. The Company is also pleased to announce the appointment of Mr.&nbsp;Kevin Weston&nbsp;as Wicheeda REE Project Development Coordinator.



Craig Taylor, CEO, and Director of Defense Metals stated:



&#8220;We are excited to start this new phase of development for our Wicheeda Rare Earth Project. Defense Metals is pleased to continue its relationship with SRK given their prior involvement in our positive PEA and recently completed pit slope geotechnical study. Given the rapid pace of project development, we are also very pleased to announce the appointment of Mr.&nbsp;Kevin Weston&nbsp;as Project Development Coordinator. We look forward to Kevin focusing his more than 40 years experience in mine permitting, operations, and project management on the continued development of Wicheeda; one of the best rare earth projects globally.&#8221;



SRK Geotechnical Study Details



The SRK geotechnical studies will inform the planned Wicheeda REE Project preliminary feasibility study (&#8220;PFS&#8221;) with respect to areas of geotechnical engineering, hydrology, site infrastructure, tailings facilities, geochemistry, and site water management. SRK&#8217;s work will include field investigations, including preliminary characterization of shallow soil subsurface and bedrock foundations, tasks designed to advance the PFS engineering work including preliminary characterization of shallow soil subsurface and bedrock foundations.



The work will facilitate the development of PFS level design criteria, including siting evaluation, and alternative trade-off studies focusing on technical, environmental, permitting risk and socio-economic considerations to support community and stake-holder engagement. As part of the alternatives assessment a study of surficial geology and geomorphology to identify potential geohazards, and identify potential borrow pit areas both for tailings storage facility (&#8220;TSF&#8221;) construction materials and as suitable reclamation material for mine closure is planned. In addition, rock geochemical characterization to support mine planning/waste management and to develop preliminary water chemistry predictions will be completed.



Appointment of Project Development Coordinator



Defense Metals is pleased to announce the appointment of Mr.&nbsp;Kevin Weston&nbsp;as Wicheeda REE Project Development Coordinator.&nbsp;Kevin Weston&nbsp;is a graduate of&nbsp;McGill University&#8217;s&nbsp;mining engineering program with more than 40 years of experience in mine permitting, operations, and project management. Kevin is a proven safety/environmental leader and community relations builder.



Significantly, Mr. Weston brings a wealth of prior&nbsp;British Columbia&nbsp;project development experience having been COO of JDS Silver Inc. when, between 2013 and 2017, he oversaw the engineering, successful mine permitting, and ultimately construction of the Silvertip silver-lead-zinc mine in northern&nbsp;British Columbia.



Mr. Weston will be instrumental in coordinating the technical, geological, engineering, environmental, socio-economic and First Nations engagement aspects of the Wicheeda REE Project in support of future project development permit applications.



Future permitting of the Wicheeda REE Project is expected to proceed through the B.C. Ministry of Energy, Mines, and Low Carbon Innovation Major Mine Permitting Office (&#8220;MMPO&#8221;) and environmental assessment (&#8220;EA&#8221;) via the BC Environmental Assessment Office (&#8220;EAO&#8221;) as required by&nbsp;British Columbia&#8217;s&nbsp;Environmental Assessment Act.&nbsp;B.C. has a rigorous EA process that carefully evaluates the potential environmental, economic, social, heritage and health impacts of proposed projects, as well as potential impacts to First Nations interests.



About the Wicheeda Rare Earth Element Property



Defense Metals 100% owned, 4,262-hectare (~10,532-acre) Wicheeda REE Property is located approximately 80 km northeast of the city of&nbsp;Prince George, British Columbia; population 77,000. The Wicheeda project is readily accessible by all-weather gravel roads and is near infrastructure, including hydro power transmission lines, gas pipelines, The nearby Canadian National Railway and major highways allow easy access to the port facilities at&nbsp;Prince Rupert, the closest major North American port to&nbsp;Asia.



The 2021 Wicheeda REE Project Preliminary Economic Assessment technical report (&#8220;PEA&#8221;) outlined a robust after-tax net present value (NPV@8%) of&nbsp;$517 million&nbsp;and an 18% IRR1. This PEA contemplated an open pit mining operation with a 1.75:1 (waste:mill feed) strip ratio providing a 1.8 Mtpa (&#8220;million tonnes per year&#8221;) mill throughput &nbsp;producing an average of 25,423 tonnes REO annually over a 16 year mine life. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of&nbsp;$440 million&nbsp;initial capital within 5 years.



Defense Metals and the McLeod Lake Indian Band have entered into a Mineral Exploration Agreement that establishes a framework for communication and cooperation going forward and provides current economic opportunities for the community. In addition, the agreement provides a roadmap to building a long-term and mutually beneficial relationship as the exploration activities advance.



<figure class="wp-block-table"><table><tbody><tr><td></td><td></td><td></td></tr><tr><td>1&nbsp;Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.&#8217;s Issuer Profile on SEDAR (www.sedar.com).</td></tr></tbody></table></figure>



 Qualified Person



The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), Principal and Consultant of APEX Geoscience Ltd. of&nbsp;Edmonton, Alberta, who is a director of Defense Metals and a &#8220;Qualified Person&#8221; (&#8220;QP&#8221;) as defined in NI 43-101.&nbsp;Mr. Raffle has verified the data, which included a review of the sampling, analytical and test methods underlying the data, information and opinions disclosed herein.



About&nbsp;Defense Metals Corp.



Defense Metals Corp. is a company focused on the development of&nbsp;its 100% owned Wicheeda Rare Earth Element mineral deposit, located near&nbsp;Prince George, British Columbia, Canada,&nbsp;that contains metals and elements&nbsp;commonly used in in green energy, aerospace, automotive and defense technologies. Rare earth elements are especially important in the production of magnets used in wind turbines and in permanent magnet motors for electric vehicles. &nbsp;Defense Metals Corp. trades in&nbsp;Canada&nbsp;under the symbol &#8220;DEFN&#8221; on the TSX Venture Exchange, in&nbsp;the United States, under &#8220;DFMTF&#8221; on the OTCQB and in&nbsp;Germany&nbsp;on the Frankfurt Exchange under &#8220;35D&#8221;.



For further information, please contact:&nbsp; Todd Hanas, Bluesky Corporate Communications Ltd. Vice President, Investor Relations Tel: (778) 994 8072 Email:&nbsp;<a href="mailto:todd@blueskycorp.ca">todd@blueskycorp.ca</a>



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



Cautionary Statement Regarding &#8220;Forward-Looking&#8221; Information



This news release contains &#8220;forward–looking information or statements&#8221; within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, the completion of the site geotechnical investigations by SRK, the Company&#8217;s plans for its Wicheeda REE Project, making permit applications, expected results and outcomes, plans to complete a PFS, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company&#8217;s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company&#8217;s profile on SEDAR at&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3776826-1&amp;h=325220455&amp;u=https%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com" target="_blank" rel="noreferrer noopener">www.sedar.com</a>. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), &nbsp;risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters),&nbsp;risks relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company&#8217;s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.



Cision



View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/defense-metals-engages-srk-to-start-pre-feasibility-level-site-geotechnical-investigations--appoints-project-development-coordinator-for-wicheeda-rare-earth-element-project-301740739.html" target="_blank" rel="noreferrer noopener">https://www.prnewswire.com/news-releases/defense-metals-engages-srk-to-start-pre-feasibility-level-site-geotechnical-investigations&#8211;appoints-project-development-coordinator-for-wicheeda-rare-earth-element-project-301740739.html</a>



SOURCE Defense Metals Corp.

Research News and Market Data on DFMTF



VANCOUVER, BC,&nbsp;Feb. 7, 2023&nbsp;/PRNewswire/ &#8211; Defense Metals Corp. (&#8220;Defense Metals&#8221; or the &#8220;Company&#8220;; (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce it has engaged SRK Consulting (Canada) Inc. (&#8220;SRK&#8221;) to commence site geotechnical investigations at its wholly owned Wicheeda Rare Earth Element (REE) Project during 2023. The Company is also pleased to announce the appointment of Mr.&nbsp;Kevin Weston&nbsp;as Wicheeda REE Project Development Coordinator.



Craig Taylor, CEO, and Director of Defense Metals stated:



&#8220;We are excited to start this new phase of development for our Wicheeda Rare Earth Project. Defense Metals is pleased to continue its relationship with SRK given their prior involvement in our positive PEA and recently completed pit slope geotechnical study. Given the rapid pace of project development, we are also very pleased to announce the appointment of Mr.&nbsp;Kevin Weston&nbsp;as Project Development Coordinator. We look forward to Kevin focusing his more than 40 years experience in mine permitting, operations, and project management on the continued development of Wicheeda; one of the best rare earth projects globally.&#8221;



SRK Geotechnical Study Details



The SRK geotechnical studies will inform the planned Wicheeda REE Project preliminary feasibility study (&#8220;PFS&#8221;) with respect to areas of geotechnical engineering, hydrology, site infrastructure, tailings facilities, geochemistry, and site water management. SRK&#8217;s work will include field investigations, including preliminary characterization of shallow soil subsurface and bedrock foundations, tasks designed to advance the PFS engineering work including preliminary characterization of shallow soil subsurface and bedrock foundations.



The work will facilitate the development of PFS level design criteria, including siting evaluation, and alternative trade-off studies focusing on technical, environmental, permitting risk and socio-economic considerations to support community and stake-holder engagement. As part of the alternatives assessment a study of surficial geology and geomorphology to identify potential geohazards, and identify potential borrow pit areas both for tailings storage facility (&#8220;TSF&#8221;) construction materials and as suitable reclamation material for mine closure is planned. In addition, rock geochemical characterization to support mine planning/waste management and to develop preliminary water chemistry predictions will be completed.



Appointment of Project Development Coordinator



Defense Metals is pleased to announce the appointment of Mr.&nbsp;Kevin Weston&nbsp;as Wicheeda REE Project Development Coordinator.&nbsp;Kevin Weston&nbsp;is a graduate of&nbsp;McGill University&#8217;s&nbsp;mining engineering program with more than 40 years of experience in mine permitting, operations, and project management. Kevin is a proven safety/environmental leader and community relations builder.



Significantly, Mr. Weston brings a wealth of prior&nbsp;British Columbia&nbsp;project development experience having been COO of JDS Silver Inc. when, between 2013 and 2017, he oversaw the engineering, successful mine permitting, and ultimately construction of the Silvertip silver-lead-zinc mine in northern&nbsp;British Columbia.



Mr. Weston will be instrumental in coordinating the technical, geological, engineering, environmental, socio-economic and First Nations engagement aspects of the Wicheeda REE Project in support of future project development permit applications.



Future permitting of the Wicheeda REE Project is expected to proceed through the B.C. Ministry of Energy, Mines, and Low Carbon Innovation Major Mine Permitting Office (&#8220;MMPO&#8221;) and environmental assessment (&#8220;EA&#8221;) via the BC Environmental Assessment Office (&#8220;EAO&#8221;) as required by&nbsp;British Columbia&#8217;s&nbsp;Environmental Assessment Act.&nbsp;B.C. has a rigorous EA process that carefully evaluates the potential environmental, economic, social, heritage and health impacts of proposed projects, as well as potential impacts to First Nations interests.



About the Wicheeda Rare Earth Element Property



Defense Metals 100% owned, 4,262-hectare (~10,532-acre) Wicheeda REE Property is located approximately 80 km northeast of the city of&nbsp;Prince George, British Columbia; population 77,000. The Wicheeda project is readily accessible by all-weather gravel roads and is near infrastructure, including hydro power transmission lines, gas pipelines, The nearby Canadian National Railway and major highways allow easy access to the port facilities at&nbsp;Prince Rupert, the closest major North American port to&nbsp;Asia.



The 2021 Wicheeda REE Project Preliminary Economic Assessment technical report (&#8220;PEA&#8221;) outlined a robust after-tax net present value (NPV@8%) of&nbsp;$517 million&nbsp;and an 18% IRR1. This PEA contemplated an open pit mining operation with a 1.75:1 (waste:mill feed) strip ratio providing a 1.8 Mtpa (&#8220;million tonnes per year&#8221;) mill throughput &nbsp;producing an average of 25,423 tonnes REO annually over a 16 year mine life. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of&nbsp;$440 million&nbsp;initial capital within 5 years.



Defense Metals and the McLeod Lake Indian Band have entered into a Mineral Exploration Agreement that establishes a framework for communication and cooperation going forward and provides current economic opportunities for the community. In addition, the agreement provides a roadmap to building a long-term and mutually beneficial relationship as the exploration activities advance.



1&nbsp;Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.&#8217;s Issuer Profile on SEDAR (www.sedar.com).



Qualified Person



The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), Principal and Consultant of APEX Geoscience Ltd. of&nbsp;Edmonton, Alberta, who is a director of Defense Metals and a &#8220;Qualified Person&#8221; (&#8220;QP&#8221;) as defined in NI 43-101.&nbsp;Mr. Raffle has verified the data, which included a review of the sampling, analytical and test methods underlying the data, information and opinions disclosed herein.



About&nbsp;Defense Metals Corp.



Defense Metals Corp. is a company focused on the development of&nbsp;its 100% owned Wicheeda Rare Earth Element mineral deposit, located near&nbsp;Prince George, British Columbia, Canada,&nbsp;that contains metals and elements&nbsp;commonly used in in green energy, aerospace, automotive and defense technologies. Rare earth elements are especially important in the production of magnets used in wind turbines and in permanent magnet motors for electric vehicles. &nbsp;Defense Metals Corp. trades in&nbsp;Canada&nbsp;under the symbol &#8220;DEFN&#8221; on the TSX Venture Exchange, in&nbsp;the United States, under &#8220;DFMTF&#8221; on the OTCQB and in&nbsp;Germany&nbsp;on the Frankfurt Exchange under &#8220;35D&#8221;.



For further information, please contact:&nbsp;Todd Hanas, Bluesky Corporate Communications Ltd.Vice President, Investor RelationsTel: (778) 994 8072Email:&nbsp;todd@blueskycorp.ca



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



Cautionary Statement Regarding &#8220;Forward-Looking&#8221; Information



This news release contains &#8220;forward–looking information or statements&#8221; within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, the completion of the site geotechnical investigations by SRK, the Company&#8217;s plans for its Wicheeda REE Project, making permit applications, expected results and outcomes, plans to complete a PFS, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company&#8217;s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company&#8217;s profile on SEDAR at&nbsp;www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), &nbsp;risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters),&nbsp;risks relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company&#8217;s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.



Cision



View original content to download multimedia:https://www.prnewswire.com/news-releases/defense-metals-engages-srk-to-start-pre-feasibility-level-site-geotechnical-investigations&#8211;appoints-project-development-coordinator-for-wicheeda-rare-earth-element-project-301740739.html



SOURCE Defense Metals Corp.

Release - Defense Metals Engages SRK to Start Pre-Feasibility Level Site Geotechnical Investigations & Appoints Project Development Coordinator for Wicheeda Rare Earth Element Project

Defense Metals Corp.

DFMTF

Natural Resources

Rare Earth

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02/07/2023



Entravision to provide support and consulting services that promote Meta’s commercial objectives of businesses in the region



SANTA MONICA, Calif.--(BUSINESS WIRE)--&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fentravision.com&amp;esheet=53297214&amp;newsitemid=20230207005027&amp;lan=en-US&amp;anchor=Entravision&amp;index=1&amp;md5=2443aa89b44b930ed8c0e048097e8d7e">Entravision</a>&nbsp;(NYSE: EVC), a leading global advertising solutions, media and technology company, today announced that it will launch operations in the Icelandic market as an Authorized Sales Partner of Meta, the company that owns Facebook, Instagram and WhatsApp. Entravision will provide support, training, lines of credit and local billing to advertisers in the Icelandic market, thereby enabling them to further their business growth.



“We are excited to enter into the Icelandic market through our longstanding partnership with Meta,” said Juan Saldivar, Chief Digital, Strategy and Accountability Officer. “With the addition of Iceland to our roster, Entravision now represents the Meta platform in 14 countries. This expansion into a new region will enable us to continue promoting our mission of bringing sales and creative expertise to growing digital markets across the globe. Iceland has over 341 thousand digitally connected consumers who are hyper-users of social media. We look forward to creating more engagement opportunities leveraging Meta’s social expertise,” Saldivar concluded.



Entravision’s operations in Iceland will be spearheaded by Country Manager, Thoranna K. Jonsdottir. “We are pleased to welcome Thoranna to the team to lead our partnership with Meta in Iceland,” said Saldivar. “With over 20 years of marketing and specific digital marketing experience, she brings world class expertise and local knowledge to our entry in the region, ensuring that the support we provide is tailored to the Icelandic market,” Saldivar continued.



“This partnership reinforces Meta’s commitment to advertisers to connect brands to consumers through local strategic support, creative expertise and relevant in-market training,” said Thoranna K. Jonsdottir, Entravision’s Iceland Country Manager. “Entravision has great experience in connecting global and well-known media platforms to their customers around the world. We look forward to working with Icelandic agencies and companies to increase their business results, aided by the effective use of the Meta platform.”



The Meta ASP appointment in Iceland adds to Entravision's long list of 14 representations of Meta around the world. For Icelandic advertisers and companies, this expertise will not only enable businesses to make the most of Meta’s platforms to increase sales growth, but also assist them in obtaining more efficient results across the Meta family of brands.



"Our program of collaboration with sales partners has been designed to bring our knowledge and experience to advertisers in countries in the region where Meta has no physical presence,” said Martin Ingemansson, Meta’s Vice President in the Nordics. “We are thrilled to bring in Entravision as a Meta Authorized Sales Partner in Iceland. We believe that with Entravision’s robust local market insights and expertise, we can provide better support to businesses and agencies locally, helping them maximize the value of their digital advertising investments and unlock their potential growth.”



About Meta



Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.



About Entravision



Entravision is a leading global advertising, media and ad-tech solutions company connecting brands to consumers by representing top platforms and publishers. Our dynamic portfolio includes digital, television and audio offerings. Digital, our largest revenue segment, comprises four business units: our digital sales representation business; Smadex, our programmatic ad purchasing platform; our branding and mobile performance solutions business; and our digital audio business. Through our digital sales representation business, we connect global media companies such as Meta, Twitter, TikTok and Spotify with advertisers in primarily emerging growth markets worldwide. Smadex is our mobile-first demand side platform, enabling advertisers to execute performance campaigns using machine learning. We also offer a branding and mobile performance solutions business, which provides managed services to advertisers looking to connect with global consumers, primarily on mobile devices, and our digital audio business provides digital audio advertising solutions for advertisers in the Americas. In addition to digital, Entravision has 49 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 45 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fentravision.com%2F&amp;esheet=53297214&amp;newsitemid=20230207005027&amp;lan=en-US&amp;anchor=entravision.com&amp;index=2&amp;md5=3b538852fb76ee76123e8180eff10d77">entravision.com</a>&nbsp;or connect with us on&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fentravisionparent%2F&amp;esheet=53297214&amp;newsitemid=20230207005027&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=17d01bb17dc8b7f7b1df66217eedc49f">LinkedIn</a>.



Forward-Looking Statements



This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.



Investors: Christopher T. Young Interim Chief Executive Officer / Chief Financial Officer 310-447-3870



Kimberly Esterkin Addo Investor Relations <a href="mailto:evc@addo.com">evc@addo.com</a> 310-829-5400



Entravision Iceland ehf. Thoranna K. Jonsdottir Country Manager, Entravision Iceland ehf. +354 841 5800 <a href="mailto:thoranna.jonsdottir@entravision.com">thoranna.jonsdottir@entravision.com</a>



Source: Entravision

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<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="321" height="82" src="https://dashboard.channelchek.com/wp-content/uploads/2022/09/evc-logo-pr.png" alt="" class="wp-image-49549" srcset="https://dashboard.channelchek.com/wp-content/uploads/2022/09/evc-logo-pr.png 321w, https://dashboard.channelchek.com/wp-content/uploads/2022/09/evc-logo-pr-300x77.png 300w" sizes="(max-width: 321px) 100vw, 321px" /></figure></div>


<a href="http://www.channelchek.com/company/evc">Research News and Market Data on EVC</a>



02/07/2023



Entravision to provide support and consulting services that promote Meta’s commercial objectives of businesses in the region



SANTA MONICA, Calif.&#8211;(BUSINESS WIRE)&#8211;&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fentravision.com&amp;esheet=53297214&amp;newsitemid=20230207005027&amp;lan=en-US&amp;anchor=Entravision&amp;index=1&amp;md5=2443aa89b44b930ed8c0e048097e8d7e">Entravision</a>&nbsp;(NYSE: EVC), a leading global advertising solutions, media and technology company, today announced that it will launch operations in the Icelandic market as an Authorized Sales Partner of Meta, the company that owns Facebook, Instagram and WhatsApp. Entravision will provide support, training, lines of credit and local billing to advertisers in the Icelandic market, thereby enabling them to further their business growth.



“We are excited to enter into the Icelandic market through our longstanding partnership with Meta,” said Juan Saldivar, Chief Digital, Strategy and Accountability Officer. “With the addition of Iceland to our roster, Entravision now represents the Meta platform in 14 countries. This expansion into a new region will enable us to continue promoting our mission of bringing sales and creative expertise to growing digital markets across the globe. Iceland has over 341 thousand digitally connected consumers who are hyper-users of social media. We look forward to creating more engagement opportunities leveraging Meta’s social expertise,” Saldivar concluded.



Entravision’s operations in Iceland will be spearheaded by Country Manager, Thoranna K. Jonsdottir. “We are pleased to welcome Thoranna to the team to lead our partnership with Meta in Iceland,” said Saldivar. “With over 20 years of marketing and specific digital marketing experience, she brings world class expertise and local knowledge to our entry in the region, ensuring that the support we provide is tailored to the Icelandic market,” Saldivar continued.



“This partnership reinforces Meta’s commitment to advertisers to connect brands to consumers through local strategic support, creative expertise and relevant in-market training,” said Thoranna K. Jonsdottir, Entravision’s Iceland Country Manager. “Entravision has great experience in connecting global and well-known media platforms to their customers around the world. We look forward to working with Icelandic agencies and companies to increase their business results, aided by the effective use of the Meta platform.”



The Meta ASP appointment in Iceland adds to Entravision&#8217;s long list of 14 representations of Meta around the world. For Icelandic advertisers and companies, this expertise will not only enable businesses to make the most of Meta’s platforms to increase sales growth, but also assist them in obtaining more efficient results across the Meta family of brands.



&#8220;Our program of collaboration with sales partners has been designed to bring our knowledge and experience to advertisers in countries in the region where Meta has no physical presence,” said Martin Ingemansson, Meta’s Vice President in the Nordics. “We are thrilled to bring in Entravision as a Meta Authorized Sales Partner in Iceland. We believe that with Entravision’s robust local market insights and expertise, we can provide better support to businesses and agencies locally, helping them maximize the value of their digital advertising investments and unlock their potential growth.”



About Meta



Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.



About Entravision



Entravision is a leading global advertising, media and ad-tech solutions company connecting brands to consumers by representing top platforms and publishers. Our dynamic portfolio includes digital, television and audio offerings. Digital, our largest revenue segment, comprises four business units: our digital sales representation business; Smadex, our programmatic ad purchasing platform; our branding and mobile performance solutions business; and our digital audio business. Through our digital sales representation business, we connect global media companies such as Meta, Twitter, TikTok and Spotify with advertisers in primarily emerging growth markets worldwide. Smadex is our mobile-first demand side platform, enabling advertisers to execute performance campaigns using machine learning. We also offer a branding and mobile performance solutions business, which provides managed services to advertisers looking to connect with global consumers, primarily on mobile devices, and our digital audio business provides digital audio advertising solutions for advertisers in the Americas. In addition to digital, Entravision has 49 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 45 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fentravision.com%2F&amp;esheet=53297214&amp;newsitemid=20230207005027&amp;lan=en-US&amp;anchor=entravision.com&amp;index=2&amp;md5=3b538852fb76ee76123e8180eff10d77">entravision.com</a>&nbsp;or connect with us on&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fentravisionparent%2F&amp;esheet=53297214&amp;newsitemid=20230207005027&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=17d01bb17dc8b7f7b1df66217eedc49f">LinkedIn</a>.



Forward-Looking Statements



This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.



Investors: Christopher T. Young Interim Chief Executive Officer / Chief Financial Officer 310-447-3870



Kimberly Esterkin Addo Investor Relations <a href="mailto:evc@addo.com">evc@addo.com</a> 310-829-5400



Entravision Iceland ehf. Thoranna K. Jonsdottir Country Manager, Entravision Iceland ehf. +354 841 5800 <a href="mailto:thoranna.jonsdottir@entravision.com">thoranna.jonsdottir@entravision.com</a>



Source: Entravision

Research News and Market Data on EVC



02/07/2023



Entravision to provide support and consulting services that promote Meta’s commercial objectives of businesses in the region



SANTA MONICA, Calif.&#8211;(BUSINESS WIRE)&#8211;&nbsp;Entravision&nbsp;(NYSE: EVC), a leading global advertising solutions, media and technology company, today announced that it will launch operations in the Icelandic market as an Authorized Sales Partner of Meta, the company that owns Facebook, Instagram and WhatsApp. Entravision will provide support, training, lines of credit and local billing to advertisers in the Icelandic market, thereby enabling them to further their business growth.



“We are excited to enter into the Icelandic market through our longstanding partnership with Meta,” said Juan Saldivar, Chief Digital, Strategy and Accountability Officer. “With the addition of Iceland to our roster, Entravision now represents the Meta platform in 14 countries. This expansion into a new region will enable us to continue promoting our mission of bringing sales and creative expertise to growing digital markets across the globe. Iceland has over 341 thousand digitally connected consumers who are hyper-users of social media. We look forward to creating more engagement opportunities leveraging Meta’s social expertise,” Saldivar concluded.



Entravision’s operations in Iceland will be spearheaded by Country Manager, Thoranna K. Jonsdottir. “We are pleased to welcome Thoranna to the team to lead our partnership with Meta in Iceland,” said Saldivar. “With over 20 years of marketing and specific digital marketing experience, she brings world class expertise and local knowledge to our entry in the region, ensuring that the support we provide is tailored to the Icelandic market,” Saldivar continued.



“This partnership reinforces Meta’s commitment to advertisers to connect brands to consumers through local strategic support, creative expertise and relevant in-market training,” said Thoranna K. Jonsdottir, Entravision’s Iceland Country Manager. “Entravision has great experience in connecting global and well-known media platforms to their customers around the world. We look forward to working with Icelandic agencies and companies to increase their business results, aided by the effective use of the Meta platform.”



The Meta ASP appointment in Iceland adds to Entravision&#8217;s long list of 14 representations of Meta around the world. For Icelandic advertisers and companies, this expertise will not only enable businesses to make the most of Meta’s platforms to increase sales growth, but also assist them in obtaining more efficient results across the Meta family of brands.



&#8220;Our program of collaboration with sales partners has been designed to bring our knowledge and experience to advertisers in countries in the region where Meta has no physical presence,” said Martin Ingemansson, Meta’s Vice President in the Nordics. “We are thrilled to bring in Entravision as a Meta Authorized Sales Partner in Iceland. We believe that with Entravision’s robust local market insights and expertise, we can provide better support to businesses and agencies locally, helping them maximize the value of their digital advertising investments and unlock their potential growth.”



About Meta



Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.



About Entravision



Entravision is a leading global advertising, media and ad-tech solutions company connecting brands to consumers by representing top platforms and publishers. Our dynamic portfolio includes digital, television and audio offerings. Digital, our largest revenue segment, comprises four business units: our digital sales representation business; Smadex, our programmatic ad purchasing platform; our branding and mobile performance solutions business; and our digital audio business. Through our digital sales representation business, we connect global media companies such as Meta, Twitter, TikTok and Spotify with advertisers in primarily emerging growth markets worldwide. Smadex is our mobile-first demand side platform, enabling advertisers to execute performance campaigns using machine learning. We also offer a branding and mobile performance solutions business, which provides managed services to advertisers looking to connect with global consumers, primarily on mobile devices, and our digital audio business provides digital audio advertising solutions for advertisers in the Americas. In addition to digital, Entravision has 49 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 45 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at&nbsp;entravision.com&nbsp;or connect with us on&nbsp;LinkedIn.



Forward-Looking Statements



This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.



Investors:Christopher T. YoungInterim Chief Executive Officer / Chief Financial Officer310-447-3870



Kimberly EsterkinAddo Investor Relationsevc@addo.com310-829-5400



Entravision Iceland ehf.Thoranna K. JonsdottirCountry Manager, Entravision Iceland ehf.+354 841 5800thoranna.jonsdottir@entravision.com



Source: Entravision

Release - Entravision Expands Meta Partnership with New Representation In Iceland

Advertising

Entravision

Media and Entertainment

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<a href="http://www.channelchek.com/company/cmtl">Research News and Market Data on CMTL</a>



Feb 7, 2023 9:45 AM



MELVILLE, N.Y. – February 7, 2023– Comtech (NASDAQ: CMTL) announced today that it was awarded four Very Small Aperture Terminal (VSAT) III Satellite Systems and Services task order modifications exceeding $20 million dollars, under the Global Tactical Advanced Communication Systems (GTACS) IDIQ award, to support global U.S. Army operations.



“With the convergence of space and terrestrial communications, the seamless mobility of information is paramount to maintaining strategic advantage across today’s information dominant battlespace,” said Ken Peterman, President and CEO, Comtech. “Current events illustrate the significant advantage communications technologies provide to warfighters operating across all domains. As the United States Department of Defense (DOD) continues to allocate technology resources to deter adversaries and address a wide range of geopolitical challenges, Comtech is uniquely positioned to deliver resilient, battle-proven communications capabilities that will significantly enhance information dominance, and mission effectiveness in all domain operations.”



Comtech’s portfolio of defense and security technologies are uniquely positioned to deliver capabilities that will enhance Joint All Domain Command and Control (JADC2) operations. The company has extensive experience developing and deploying customized, interoperable, robust, and resilient communications systems for all branches of the DOD and coalition forces. Comtech’s expansive portfolio of defense and security technologies is designed to continuously evolve over time to meet emerging Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) use cases and enhance mission effectiveness in future all domain command and control operations.



About Comtech



Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions.For more information, please visit&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.comtech.com&amp;esheet=53303768&amp;newsitemid=20230206005623&amp;lan=en-US&amp;anchor=www.comtech.com&amp;index=1&amp;md5=447c6f6f40f85ea679aa50537514ccef">www.comtech.com</a>.



Forward-Looking Statements



Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.



PCMTL



View source version on businesswire.com:&nbsp;<a href="https://www.businesswire.com/news/home/20230206005623/en/">https://www.businesswire.com/news/home/20230206005623/en/</a>



Investor Relations Robert Samuels 631-962-7102 <a href="mailto:robert.samuels@comtech.com">robert.samuels@comtech.com</a>



Media Contact Jamie Clegg 480-532-2523 <a href="mailto:jamie.clegg@comtech.com">jamie.clegg@comtech.com</a>

<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://dashboard.channelchek.com/wp-content/uploads/2020/10/cmtl_logo.png" alt="" class="wp-image-59111" width="209" height="210" srcset="https://dashboard.channelchek.com/wp-content/uploads/2020/10/cmtl_logo.png 385w, https://dashboard.channelchek.com/wp-content/uploads/2020/10/cmtl_logo-300x300.png 300w, https://dashboard.channelchek.com/wp-content/uploads/2020/10/cmtl_logo-150x150.png 150w" sizes="(max-width: 209px) 100vw, 209px" /></figure></div>


<a href="http://www.channelchek.com/company/cmtl">Research News and Market Data on CMTL</a>



Feb 7, 2023 9:45 AM



MELVILLE, N.Y. – February 7, 2023– Comtech (NASDAQ: CMTL) announced today that it was awarded four Very Small Aperture Terminal (VSAT) III Satellite Systems and Services task order modifications exceeding $20 million dollars, under the Global Tactical Advanced Communication Systems (GTACS) IDIQ award, to support global U.S. Army operations.



“With the convergence of space and terrestrial communications, the seamless mobility of information is paramount to maintaining strategic advantage across today’s information dominant battlespace,” said Ken Peterman, President and CEO, Comtech. “Current events illustrate the significant advantage communications technologies provide to warfighters operating across all domains. As the United States Department of Defense (DOD) continues to allocate technology resources to deter adversaries and address a wide range of geopolitical challenges, Comtech is uniquely positioned to deliver resilient, battle-proven communications capabilities that will significantly enhance information dominance, and mission effectiveness in all domain operations.”



Comtech’s portfolio of defense and security technologies are uniquely positioned to deliver capabilities that will enhance Joint All Domain Command and Control (JADC2) operations. The company has extensive experience developing and deploying customized, interoperable, robust, and resilient communications systems for all branches of the DOD and coalition forces. Comtech’s expansive portfolio of defense and security technologies is designed to continuously evolve over time to meet emerging Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) use cases and enhance mission effectiveness in future all domain command and control operations.



About Comtech



Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions.For more information, please visit&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.comtech.com&amp;esheet=53303768&amp;newsitemid=20230206005623&amp;lan=en-US&amp;anchor=www.comtech.com&amp;index=1&amp;md5=447c6f6f40f85ea679aa50537514ccef">www.comtech.com</a>.



Forward-Looking Statements



Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.



PCMTL



View source version on businesswire.com:&nbsp;<a href="https://www.businesswire.com/news/home/20230206005623/en/">https://www.businesswire.com/news/home/20230206005623/en/</a>



Investor Relations Robert Samuels 631-962-7102 <a href="mailto:robert.samuels@comtech.com">robert.samuels@comtech.com</a>



Media Contact Jamie Clegg 480-532-2523 <a href="mailto:jamie.clegg@comtech.com">jamie.clegg@comtech.com</a>

Research News and Market Data on CMTL



Feb 7, 2023 9:45 AM



MELVILLE, N.Y. –February 7, 2023– Comtech (NASDAQ: CMTL) announced today that it was awarded four Very Small Aperture Terminal (VSAT) III Satellite Systems and Services task order modifications exceeding $20 million dollars, under the Global Tactical Advanced Communication Systems (GTACS) IDIQ award, to support global U.S. Army operations.



“With the convergence of space and terrestrial communications, the seamless mobility of information is paramount to maintaining strategic advantage across today’s information dominant battlespace,” said Ken Peterman, President and CEO, Comtech. “Current events illustrate the significant advantage communications technologies provide to warfighters operating across all domains. As the United States Department of Defense (DOD) continues to allocate technology resources to deter adversaries and address a wide range of geopolitical challenges, Comtech is uniquely positioned to deliver resilient, battle-proven communications capabilities that will significantly enhance information dominance, and mission effectiveness in all domain operations.”



Comtech’s portfolio of defense and security technologies are uniquely positioned to deliver capabilities that will enhance Joint All Domain Command and Control (JADC2) operations. The company has extensive experience developing and deploying customized, interoperable, robust, and resilient communications systems for all branches of the DOD and coalition forces. Comtech’s expansive portfolio of defense and security technologies is designed to continuously evolve over time to meet emerging Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) use cases and enhance mission effectiveness in future all domain command and control operations.



About Comtech



Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions.For more information, please visit&nbsp;www.comtech.com.



Forward-Looking Statements



Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance could differ materially from such forward-looking information. The Company’s Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.



PCMTL



View source version on businesswire.com:&nbsp;https://www.businesswire.com/news/home/20230206005623/en/



Investor RelationsRobert Samuels631-962-7102robert.samuels@comtech.com



Media ContactJamie Clegg480-532-2523jamie.clegg@comtech.com

Release - Comtech Receives Additional Funding for U.S. Army Communications

CMTL

Comtech Telecommunications

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Two of two evaluable participants in an ongoing investigator-sponsored program of rigosertib in RDEB-associated squamous cell carcinoma (SCC) have achieved a complete response of all cancerous skin lesions



First evaluable participant has been in complete remission with no signs of metastatic disease for &gt;18 months; the second patient has achieved a complete response in all squamous cell skin lesions following four cycles of treatment and remains on therapy with additional scans to follow to evaluate metastatic disease



Onconova plans to review initial data with regulators to gain insights on the optimal regulatory pathway for rigosertib in RDEB-associated SCC, an ultra-rare and invariably fatal condition



NEWTOWN, Pa., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Onconova Therapeutics, Inc. (NASDAQ: ONTX), (“Onconova”), a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer, today announced that the second of two evaluable participants in an investigator-initiated Phase 2 program evaluating rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa (RDEB-associated SCC) achieved a complete response of all cancerous skin lesions following 4 treatment cycles and remains on oral rigosertib.



The Company&nbsp;<a href="https://www.globenewswire.com/Tracker?data=8Ut4Kys-PDeBY75-zgq5YNh62U13VxwFGiGNVaY0dJc-1AnSwOgBBvyMIYPz6fSAiMVEvpe0zZIeAOaqJNeMH1gyU4Af8xTMsvUvy9O_zu958G-f2vjtzW26eKpvAujli62XOHbup7LjYnkFG7Fmc87aKm6XYJNoNeWWL7Y7eRFOBAtznvbbZiCIoDiXt7Fg_z40JG0LyaCnQ7SWBWZIc_RKTrAQ07jM8AnYVE59_aA=" target="_blank" rel="noreferrer noopener">previously announced</a>&nbsp;that the RDEB-associated SCC program’s first evaluable participant achieved a RECIST-defined complete response. Both of the program’s evaluable participants remain on therapy, with the first participant in complete remission with no signs of metastatic disease for more than 18 months. Rigosertib continues to demonstrate a favorable safety profile in this indication that is similar to that displayed in prior studies in other indications.



“Though from only two participants, the emerging data from this Phase 2 program show rigosertib displaying a level of anti-cancer activity in RDEB-associated SCC that far exceeds what we have seen with currently available treatments,” said Professor Andrew P South from Sidney Kimmel Cancer Center, Thomas Jefferson University. “Given its ultra-orphan nature and the extremely high unmet need in RDEB-associated SCC, I believe regulatory discussions to enable rigosertib’s expeditious advancement to potential approval in this indication are warranted. In parallel, we plan to continue advancing this Phase 2 program and to report more detailed data at a future medical meeting.”



RDEB is caused by insufficient expression of type VII collagen protein, which is responsible for anchoring the skin’s inner layer to its outer layer. This leads to extreme skin fragility as well as chronic blistering and wound formation with recurrent infections in RDEB patients, many of whom go on to develop metastatic squamous cell carcinoma driven by over expression of polo like kinase 1 (PLK1). RDEB-associated SCC tumors show a highly aggressive and early metastasizing course that makes them the primary cause of death for these patients, with a cumulative risk of death of 70% and 78.7% by ages 45 and 55, respectively1,2. RDEB-associated SCC can appear in pediatric patients or in young adults. Currently available treatments such as targeted therapies and conventional chemo- and/or radiotherapy have demonstrated limited response rates and poor durability in RDEB-associated SCC1,3.



Steven M. Fruchtman, M.D., President and Chief Executive Officer of Onconova, commented, “We are pleased to be building on this Phase 2 program’s initial single-patient data with a second participant showing complete resolution of all cancerous skin lesions, with the most recent patient notably seeing this result after only four cycles of therapy. We look forward to reviewing our findings with the FDA to determine the most expeditious regulatory path for rigosertib in RDEB-associated SCC. In addition, these findings may have important implications beyond this orphan indication, as they and prior preclinical data demonstrate rigosertib’s activity against the PLK1 protein. Although the company is focusing its resources mainly on the lead narazaciclib program, preclinical studies exploring rigosertib’s activity in other PLK1-dependent tumors are underway and will hopefully open a broader regulatory path for rigosertib.”



Onconova and a program investigator plan to present more detailed data on the first two evaluable participants from the Phase 2 RDEB-associated SCC program at a future medical meeting. In addition, preclinical data on rigosertib’s mechanism of action have been accepted for presentation at the American Association for Cancer Research (AACR) Targeting RAS Conference, which is taking place in Philadelphia, Pennsylvania from March 5 – 8, 2023.



About Rigosertib



Rigosertib is an investigational product candidate with a multi-faceted mechanism of action targeting proteins containing the RAS binding domain, allowing it to modulate the PI3K and PLK-1 pathways, as well as the tumor immune microenvironment. It is currently being evaluated in multiple investigator-sponsored studies, including a dose-escalation and expansion Phase 1/2a study of oral rigosertib in combination with nivolumab for patients with KRAS+ non-small cell lung cancer refractory to pembrolizumab, the current standard of care for these patients, and a Phase 2 program evaluating rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa.



About Onconova Therapeutics, Inc.



Onconova Therapeutics is a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer. The Company has proprietary targeted anti-cancer agents designed to disrupt specific cellular pathways that are important for cancer cell proliferation.



Onconova’s novel, proprietary multi-kinase inhibitor narazaciclib (formerly ON 123300) is being evaluated in two separate and complementary Phase 1 dose escalation and expansion studies. These trials are currently underway in the United States and China. Based on preclinical and clinical studies of CDK 4/6 inhibitors, Onconova is also planning a combination trial of narazaciclib with estrogen blockade in advanced endometrial cancer, as well as its clinical study in additional indications.



Onconova’s product candidate rigosertib is being studied in multiple investigator-sponsored studies, including a dose-escalation and expansion Phase 1/2a study of oral rigosertib in combination with nivolumab in patients with KRAS+ non-small cell lung cancer, and a Phase 2 program evaluating rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa.



For more information, please visit&nbsp;www.onconova.com.



References



<ol type="1">
<li>Mellerio et al. Br J Dermatol. 2016 Jan; 174(1):56-67. doi: 10.1111/bjd.14104.</li>



<li>Fine et al. J Am Acad Dermatol. 2009 Feb; 60(2):203-11. doi: 10.1016/j.jaad.2008.09.035.</li>



<li>Stratigos et al. Eur J Cancer. 2020 Mar;128:83-102. doi: 10.1016/j.ejca.2020.01.008.</li>
</ol>



Forward-Looking Statements



Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. These statements relate to Onconova’s expectations regarding its clinical development and trials, its product candidates, its business and financial position. Onconova has attempted to identify forward-looking statements by terminology including "believes," "estimates," "anticipates," "expects," "plans," "intends," "may," "could," "might," "will," "should," “preliminary,” “encouraging,” "approximately" or other words that convey uncertainty of future events or outcomes. Although Onconova believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including the success and timing of Onconova's clinical trials, investigator-initiated trials and regulatory agency and institutional review board approvals of protocols, Onconova’s collaborations, market conditions and those discussed under the heading "Risk Factors" in Onconova's most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Any forward-looking statements contained in this release speak only as of its date. Onconova undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.



Company Contact: Mark Guerin Onconova Therapeutics, Inc. 267-759-3680 <a href="https://www.globenewswire.com/Tracker?data=fDBX2yHkT2aUUD8RCk16qJOlYkpK8uFSwi753F1Gh47CofQlgFF2SZLHyOBiNgJxFEtF6TSeIc5zVhORT_f0Zw==" target="_blank" rel="noreferrer noopener">ir@onconova.us</a> <a href="https://www.globenewswire.com/Tracker?data=L_aGOg96Gtjm0_ZkIo5tnUnA376z8xLRNPrWsCjhx-DI89hUwWPtZQKdmcG_UFVy7JgYGtYDrHFPgxBwCWSqaTkiqUUTo1SDvN4O2sVrV2vMOViBQnO4-5S4MB6pT9Ll" target="_blank" rel="noreferrer noopener">https://www.onconova.com/contact/</a>



Investor Contact: Bruce Mackle LifeSci Advisors, LLC 646-889-1200 <a href="https://www.globenewswire.com/Tracker?data=nSHLo3yU89jjyiAWmp75E6VoieVDS-GMnLCAIIebNCOeUCzgrNX87XXcCmor4lN6pKLBwxV41KpI8cwonziiwwRzQ-utV-hNCXDkZ6YnYpCJGPtGf0h4_K-hKnOjqAk8" target="_blank" rel="noreferrer noopener">bmackle@lifesciadvisors.com</a>

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Two of two evaluable participants in an ongoing investigator-sponsored program of rigosertib in RDEB-associated squamous cell carcinoma (SCC) have achieved a complete response of all cancerous skin lesions



First evaluable participant has been in complete remission with no signs of metastatic disease for &gt;18 months; the second patient has achieved a complete response in all squamous cell skin lesions following four cycles of treatment and remains on therapy with additional scans to follow to evaluate metastatic disease



Onconova plans to review initial data with regulators to gain insights on the optimal regulatory pathway for rigosertib in RDEB-associated SCC, an ultra-rare and invariably fatal condition



NEWTOWN, Pa., Feb. 07, 2023 (GLOBE NEWSWIRE) &#8212; Onconova Therapeutics, Inc. (NASDAQ: ONTX), (“Onconova”), a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer, today announced that the second of two evaluable participants in an investigator-initiated Phase 2 program evaluating rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa (RDEB-associated SCC) achieved a complete response of all cancerous skin lesions following 4 treatment cycles and remains on oral rigosertib.



The Company&nbsp;<a href="https://www.globenewswire.com/Tracker?data=8Ut4Kys-PDeBY75-zgq5YNh62U13VxwFGiGNVaY0dJc-1AnSwOgBBvyMIYPz6fSAiMVEvpe0zZIeAOaqJNeMH1gyU4Af8xTMsvUvy9O_zu958G-f2vjtzW26eKpvAujli62XOHbup7LjYnkFG7Fmc87aKm6XYJNoNeWWL7Y7eRFOBAtznvbbZiCIoDiXt7Fg_z40JG0LyaCnQ7SWBWZIc_RKTrAQ07jM8AnYVE59_aA=" target="_blank" rel="noreferrer noopener">previously announced</a>&nbsp;that the RDEB-associated SCC program’s first evaluable participant achieved a RECIST-defined complete response. Both of the program’s evaluable participants remain on therapy, with the first participant in complete remission with no signs of metastatic disease for more than 18 months. Rigosertib continues to demonstrate a favorable safety profile in this indication that is similar to that displayed in prior studies in other indications.



“Though from only two participants, the emerging data from this Phase 2 program show rigosertib displaying a level of anti-cancer activity in RDEB-associated SCC that far exceeds what we have seen with currently available treatments,” said Professor Andrew P South from Sidney Kimmel Cancer Center, Thomas Jefferson University. “Given its ultra-orphan nature and the extremely high unmet need in RDEB-associated SCC, I believe regulatory discussions to enable rigosertib’s expeditious advancement to potential approval in this indication are warranted. In parallel, we plan to continue advancing this Phase 2 program and to report more detailed data at a future medical meeting.”



RDEB is caused by insufficient expression of type VII collagen protein, which is responsible for anchoring the skin’s inner layer to its outer layer. This leads to extreme skin fragility as well as chronic blistering and wound formation with recurrent infections in RDEB patients, many of whom go on to develop metastatic squamous cell carcinoma driven by over expression of polo like kinase 1 (PLK1). RDEB-associated SCC tumors show a highly aggressive and early metastasizing course that makes them the primary cause of death for these patients, with a cumulative risk of death of 70% and 78.7% by ages 45 and 55, respectively1,2. RDEB-associated SCC can appear in pediatric patients or in young adults. Currently available treatments such as targeted therapies and conventional chemo- and/or radiotherapy have demonstrated limited response rates and poor durability in RDEB-associated SCC1,3.



Steven M. Fruchtman, M.D., President and Chief Executive Officer of Onconova, commented, “We are pleased to be building on this Phase 2 program’s initial single-patient data with a second participant showing complete resolution of all cancerous skin lesions, with the most recent patient notably seeing this result after only four cycles of therapy. We look forward to reviewing our findings with the FDA to determine the most expeditious regulatory path for rigosertib in RDEB-associated SCC. In addition, these findings may have important implications beyond this orphan indication, as they and prior preclinical data demonstrate rigosertib’s activity against the PLK1 protein. Although the company is focusing its resources mainly on the lead narazaciclib program, preclinical studies exploring rigosertib’s activity in other PLK1-dependent tumors are underway and will hopefully open a broader regulatory path for rigosertib.”



Onconova and a program investigator plan to present more detailed data on the first two evaluable participants from the Phase 2 RDEB-associated SCC program at a future medical meeting. In addition, preclinical data on rigosertib’s mechanism of action have been accepted for presentation at the American Association for Cancer Research (AACR) Targeting RAS Conference, which is taking place in Philadelphia, Pennsylvania from March 5 – 8, 2023.



About Rigosertib



Rigosertib is an investigational product candidate with a multi-faceted mechanism of action targeting proteins containing the RAS binding domain, allowing it to modulate the PI3K and PLK-1 pathways, as well as the tumor immune microenvironment. It is currently being evaluated in multiple investigator-sponsored studies, including a dose-escalation and expansion Phase 1/2a study of oral rigosertib in combination with nivolumab for patients with KRAS+ non-small cell lung cancer refractory to pembrolizumab, the current standard of care for these patients, and a Phase 2 program evaluating rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa.



About Onconova Therapeutics, Inc.



Onconova Therapeutics is a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer. The Company has proprietary targeted anti-cancer agents designed to disrupt specific cellular pathways that are important for cancer cell proliferation.



Onconova’s novel, proprietary multi-kinase inhibitor narazaciclib (formerly ON 123300) is being evaluated in two separate and complementary Phase 1 dose escalation and expansion studies. These trials are currently underway in the United States and China. Based on preclinical and clinical studies of CDK 4/6 inhibitors, Onconova is also planning a combination trial of narazaciclib with estrogen blockade in advanced endometrial cancer, as well as its clinical study in additional indications.



Onconova’s product candidate rigosertib is being studied in multiple investigator-sponsored studies, including a dose-escalation and expansion Phase 1/2a study of oral rigosertib in combination with nivolumab in patients with KRAS+ non-small cell lung cancer, and a Phase 2 program evaluating rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa.



For more information, please visit&nbsp;www.onconova.com.



References



<ol type="1">
<li>Mellerio et al. Br J Dermatol. 2016 Jan; 174(1):56-67. doi: 10.1111/bjd.14104.</li>



<li>Fine et al. J Am Acad Dermatol. 2009 Feb; 60(2):203-11. doi: 10.1016/j.jaad.2008.09.035.</li>



<li>Stratigos et al. Eur J Cancer. 2020 Mar;128:83-102. doi: 10.1016/j.ejca.2020.01.008.</li>
</ol>



Forward-Looking Statements



Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. These statements relate to Onconova’s expectations regarding its clinical development and trials, its product candidates, its business and financial position. Onconova has attempted to identify forward-looking statements by terminology including &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;anticipates,&#8221; &#8220;expects,&#8221; &#8220;plans,&#8221; &#8220;intends,&#8221; &#8220;may,&#8221; &#8220;could,&#8221; &#8220;might,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; “preliminary,” “encouraging,” &#8220;approximately&#8221; or other words that convey uncertainty of future events or outcomes. Although Onconova believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including the success and timing of Onconova&#8217;s clinical trials, investigator-initiated trials and regulatory agency and institutional review board approvals of protocols, Onconova’s collaborations, market conditions and those discussed under the heading &#8220;Risk Factors&#8221; in Onconova&#8217;s most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Any forward-looking statements contained in this release speak only as of its date. Onconova undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.



Company Contact: Mark Guerin Onconova Therapeutics, Inc. 267-759-3680 <a href="https://www.globenewswire.com/Tracker?data=fDBX2yHkT2aUUD8RCk16qJOlYkpK8uFSwi753F1Gh47CofQlgFF2SZLHyOBiNgJxFEtF6TSeIc5zVhORT_f0Zw==" target="_blank" rel="noreferrer noopener">ir@onconova.us</a> <a href="https://www.globenewswire.com/Tracker?data=L_aGOg96Gtjm0_ZkIo5tnUnA376z8xLRNPrWsCjhx-DI89hUwWPtZQKdmcG_UFVy7JgYGtYDrHFPgxBwCWSqaTkiqUUTo1SDvN4O2sVrV2vMOViBQnO4-5S4MB6pT9Ll" target="_blank" rel="noreferrer noopener">https://www.onconova.com/contact/</a>



Investor Contact: Bruce Mackle LifeSci Advisors, LLC 646-889-1200 <a href="https://www.globenewswire.com/Tracker?data=nSHLo3yU89jjyiAWmp75E6VoieVDS-GMnLCAIIebNCOeUCzgrNX87XXcCmor4lN6pKLBwxV41KpI8cwonziiwwRzQ-utV-hNCXDkZ6YnYpCJGPtGf0h4_K-hKnOjqAk8" target="_blank" rel="noreferrer noopener">bmackle@lifesciadvisors.com</a>

Research News and Market Data on ONTX 



Two of two evaluable participants in an ongoing investigator-sponsored program of rigosertib in RDEB-associated squamous cell carcinoma (SCC) have achieved a complete response of all cancerous skin lesions



First evaluable participant has been in complete remission with no signs of metastatic disease for &gt;18 months; the second patient has achieved a complete response in all squamous cell skin lesions following four cycles of treatment and remains on therapy with additional scans to follow to evaluate metastatic disease



Onconova plans to review initial data with regulators to gain insights on the optimal regulatory pathway for rigosertib in RDEB-associated SCC, an ultra-rare and invariably fatal condition



NEWTOWN, Pa., Feb. 07, 2023 (GLOBE NEWSWIRE) &#8212; Onconova Therapeutics, Inc. (NASDAQ: ONTX), (“Onconova”), a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer, today announced that the second of two evaluable participants in an investigator-initiated Phase 2 program evaluating rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa (RDEB-associated SCC) achieved a complete response of all cancerous skin lesions following 4 treatment cycles and remains on oral rigosertib.



The Company&nbsp;previously announced&nbsp;that the RDEB-associated SCC program’s first evaluable participant achieved a RECIST-defined complete response. Both of the program’s evaluable participants remain on therapy, with the first participant in complete remission with no signs of metastatic disease for more than 18 months. Rigosertib continues to demonstrate a favorable safety profile in this indication that is similar to that displayed in prior studies in other indications.



“Though from only two participants, the emerging data from this Phase 2 program show rigosertib displaying a level of anti-cancer activity in RDEB-associated SCC that far exceeds what we have seen with currently available treatments,” said Professor Andrew P South from Sidney Kimmel Cancer Center, Thomas Jefferson University. “Given its ultra-orphan nature and the extremely high unmet need in RDEB-associated SCC, I believe regulatory discussions to enable rigosertib’s expeditious advancement to potential approval in this indication are warranted. In parallel, we plan to continue advancing this Phase 2 program and to report more detailed data at a future medical meeting.”



RDEB is caused by insufficient expression of type VII collagen protein, which is responsible for anchoring the skin’s inner layer to its outer layer. This leads to extreme skin fragility as well as chronic blistering and wound formation with recurrent infections in RDEB patients, many of whom go on to develop metastatic squamous cell carcinoma driven by over expression of polo like kinase 1 (PLK1). RDEB-associated SCC tumors show a highly aggressive and early metastasizing course that makes them the primary cause of death for these patients, with a cumulative risk of death of 70% and 78.7% by ages 45 and 55, respectively1,2. RDEB-associated SCC can appear in pediatric patients or in young adults. Currently available treatments such as targeted therapies and conventional chemo- and/or radiotherapy have demonstrated limited response rates and poor durability in RDEB-associated SCC1,3.



Steven M. Fruchtman, M.D., President and Chief Executive Officer of Onconova, commented, “We are pleased to be building on this Phase 2 program’s initial single-patient data with a second participant showing complete resolution of all cancerous skin lesions, with the most recent patient notably seeing this result after only four cycles of therapy. We look forward to reviewing our findings with the FDA to determine the most expeditious regulatory path for rigosertib in RDEB-associated SCC. In addition, these findings may have important implications beyond this orphan indication, as they and prior preclinical data demonstrate rigosertib’s activity against the PLK1 protein. Although the company is focusing its resources mainly on the lead narazaciclib program, preclinical studies exploring rigosertib’s activity in other PLK1-dependent tumors are underway and will hopefully open a broader regulatory path for rigosertib.”



Onconova and a program investigator plan to present more detailed data on the first two evaluable participants from the Phase 2 RDEB-associated SCC program at a future medical meeting. In addition, preclinical data on rigosertib’s mechanism of action have been accepted for presentation at the American Association for Cancer Research (AACR) Targeting RAS Conference, which is taking place in Philadelphia, Pennsylvania from March 5 – 8, 2023.



About Rigosertib



Rigosertib is an investigational product candidate with a multi-faceted mechanism of action targeting proteins containing the RAS binding domain, allowing it to modulate the PI3K and PLK-1 pathways, as well as the tumor immune microenvironment. It is currently being evaluated in multiple investigator-sponsored studies, including a dose-escalation and expansion Phase 1/2a study of oral rigosertib in combination with nivolumab for patients with KRAS+ non-small cell lung cancer refractory to pembrolizumab, the current standard of care for these patients, and a Phase 2 program evaluating rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa.



About Onconova Therapeutics, Inc.



Onconova Therapeutics is a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer. The Company has proprietary targeted anti-cancer agents designed to disrupt specific cellular pathways that are important for cancer cell proliferation.



Onconova’s novel, proprietary multi-kinase inhibitor narazaciclib (formerly ON 123300) is being evaluated in two separate and complementary Phase 1 dose escalation and expansion studies. These trials are currently underway in the United States and China. Based on preclinical and clinical studies of CDK 4/6 inhibitors, Onconova is also planning a combination trial of narazaciclib with estrogen blockade in advanced endometrial cancer, as well as its clinical study in additional indications.



Onconova’s product candidate rigosertib is being studied in multiple investigator-sponsored studies, including a dose-escalation and expansion Phase 1/2a study of oral rigosertib in combination with nivolumab in patients with KRAS+ non-small cell lung cancer, and a Phase 2 program evaluating rigosertib monotherapy in advanced squamous cell carcinoma complicating recessive dystrophic epidermolysis bullosa.



For more information, please visit&nbsp;www.onconova.com.



References




Mellerio et al. Br J Dermatol. 2016 Jan; 174(1):56-67. doi: 10.1111/bjd.14104.



Fine et al. J Am Acad Dermatol. 2009 Feb; 60(2):203-11. doi: 10.1016/j.jaad.2008.09.035.



Stratigos et al. Eur J Cancer. 2020 Mar;128:83-102. doi: 10.1016/j.ejca.2020.01.008.




Forward-Looking Statements



Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. These statements relate to Onconova’s expectations regarding its clinical development and trials, its product candidates, its business and financial position. Onconova has attempted to identify forward-looking statements by terminology including &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;anticipates,&#8221; &#8220;expects,&#8221; &#8220;plans,&#8221; &#8220;intends,&#8221; &#8220;may,&#8221; &#8220;could,&#8221; &#8220;might,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; “preliminary,” “encouraging,” &#8220;approximately&#8221; or other words that convey uncertainty of future events or outcomes. Although Onconova believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including the success and timing of Onconova&#8217;s clinical trials, investigator-initiated trials and regulatory agency and institutional review board approvals of protocols, Onconova’s collaborations, market conditions and those discussed under the heading &#8220;Risk Factors&#8221; in Onconova&#8217;s most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Any forward-looking statements contained in this release speak only as of its date. Onconova undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.



Company Contact:Mark GuerinOnconova Therapeutics, Inc.267-759-3680ir@onconova.ushttps://www.onconova.com/contact/



Investor Contact:Bruce MackleLifeSci Advisors, LLC646-889-1200bmackle@lifesciadvisors.com

Release - Onconova Therapeutics Announces Additional Clinical Data Demonstrating Rigosertib’s Monotherapy Activity In Rdeb-Associated Squamous Cell Carcinoma

Biopharmaceutical

Health

Onconova Therapeutics

ONTX

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 Tuesday, February 07, 2023



Joe Gomes, Managing Director – Generalist Analyst, Noble Capital Markets, Inc.



Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Conversation With CEO Giasson. We had an opportunity to speak with MustGrow Biologics CEO Corey Giasson about milestones and goals for 2023. In a nutshell, 2023 will be about moving towards commercialization of MustGrow's organic mustard-derived crop protection and food preservation technology. We believe MustGrow continues to have ample capital to support the Company through commercialization.



Timing?&nbsp;While one cannot pinpoint an exact date, we believe commercialization of TerraMG could occur in 2023, resulting in revenue generation in 2024. The first commercial application likely will be for preplant soil biofumigation, an estimated $1.3 billion market in fruit and vegetables. Additional field trials are currently being conducted for bananas, canola, and pulse crops in this area.



<h2> <a href="https://www.channelchek.com/research-reports/25584">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

<figure class="wp-block-image"><img decoding="async" src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Tuesday, February 07, 2023



Joe Gomes, Managing Director – Generalist Analyst, Noble Capital Markets, Inc.



Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Conversation With CEO Giasson. We had an opportunity to speak with MustGrow Biologics CEO Corey Giasson about milestones and goals for 2023. In a nutshell, 2023 will be about moving towards commercialization of MustGrow&#8217;s organic mustard-derived crop protection and food preservation technology. We believe MustGrow continues to have ample capital to support the Company through commercialization.



Timing?&nbsp;While one cannot pinpoint an exact date, we believe commercialization of TerraMG could occur in 2023, resulting in revenue generation in 2024. The first commercial application likely will be for preplant soil biofumigation, an estimated $1.3 billion market in fruit and vegetables. Additional field trials are currently being conducted for bananas, canola, and pulse crops in this area.



<h2> <a href="https://www.channelchek.com/research-reports/25584">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Tuesday, February 07, 2023



Joe Gomes, Managing Director – Generalist Analyst, Noble Capital Markets, Inc.



Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Conversation With CEO Giasson. We had an opportunity to speak with MustGrow Biologics CEO Corey Giasson about milestones and goals for 2023. In a nutshell, 2023 will be about moving towards commercialization of MustGrow&#8217;s organic mustard-derived crop protection and food preservation technology. We believe MustGrow continues to have ample capital to support the Company through commercialization.



Timing?&nbsp;While one cannot pinpoint an exact date, we believe commercialization of TerraMG could occur in 2023, resulting in revenue generation in 2024. The first commercial application likely will be for preplant soil biofumigation, an estimated $1.3 billion market in fruit and vegetables. Additional field trials are currently being conducted for bananas, canola, and pulse crops in this area.



Get the Full Report







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

MustGrow Biologics Corp. (MGROF) - Commercialization Is The Goal

Agricultural Inputs

Basic Materials

MGROF

MustGrow Biologics Corp.

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 Tuesday, February 07, 2023



Michael Heim, CFA, Senior Research Analyst, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Largo is a play on growing vanadium demand.&nbsp;We believe Largo, Inc. offers investors an attractive way to play an expected growth in the demand for vanadium due to its use in large-scale energy storage. Largo is the largest producer of vanadium outside of China and Russia. The high vanadium concentration of is Maracas Menchen Mine in Brazil makes Largo one of the lowest-cost producers of vanadium in the world.



Largo is involved with vanadium batteries. In addition to mining vanadium, Largo has formed a division to manufacture and install Vanadium Redox Flow Batteries (VRFB). VRFBs have key advantages over other battery types in terms of scalability, cost, and safety making them ideal for grid operations. VRFB can store energy for months and have operating duration periods of 6-10 hours. Vanadium used in VRFBs has little degradation and can be recovered and reused upon recycling.



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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

<figure class="wp-block-image"><img decoding="async" src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Tuesday, February 07, 2023



Michael Heim, CFA, Senior Research Analyst, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Largo is a play on growing vanadium demand.&nbsp;We believe Largo, Inc. offers investors an attractive way to play an expected growth in the demand for vanadium due to its use in large-scale energy storage. Largo is the largest producer of vanadium outside of China and Russia. The high vanadium concentration of is Maracas Menchen Mine in Brazil makes Largo one of the lowest-cost producers of vanadium in the world.



Largo is involved with vanadium batteries. In addition to mining vanadium, Largo has formed a division to manufacture and install Vanadium Redox Flow Batteries (VRFB). VRFBs have key advantages over other battery types in terms of scalability, cost, and safety making them ideal for grid operations. VRFB can store energy for months and have operating duration periods of 6-10 hours. Vanadium used in VRFBs has little degradation and can be recovered and reused upon recycling.



<h2> <a href="https://www.channelchek.com/research-reports/25585">Get the Full Report</a></h2>







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Tuesday, February 07, 2023



Michael Heim, CFA, Senior Research Analyst, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Largo is a play on growing vanadium demand.&nbsp;We believe Largo, Inc. offers investors an attractive way to play an expected growth in the demand for vanadium due to its use in large-scale energy storage. Largo is the largest producer of vanadium outside of China and Russia. The high vanadium concentration of is Maracas Menchen Mine in Brazil makes Largo one of the lowest-cost producers of vanadium in the world.



Largo is involved with vanadium batteries. In addition to mining vanadium, Largo has formed a division to manufacture and install Vanadium Redox Flow Batteries (VRFB). VRFBs have key advantages over other battery types in terms of scalability, cost, and safety making them ideal for grid operations. VRFB can store energy for months and have operating duration periods of 6-10 hours. Vanadium used in VRFBs has little degradation and can be recovered and reused upon recycling.



Get the Full Report







Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Largo Inc. (LGO) - Coverage Initiated With a $11 Price Target

Electrical Energy

Energy

Industrial Metals &amp; Mining

Largo Resources

<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/cc-news-sotu-2023-663.jpg" alt="" class="wp-image-59989"/><figcaption class="wp-element-caption">Image Credit: <a href="https://usafacts.org/state-of-the-union/economy/">USA Facts</a></figcaption></figure>



<h2>Do the Most Current Economic Measurements Suggest a Trend Toward Recession or Growth?</h2>











<h3>How is the US Economy Doing?</h3>



<ul>
<li>US GDP increased 2.1% in 2022 after increasing 5.9% in 2021.</li>



<li>Year-over-year inflation, the rate at which consumer prices increase, was 6.5% in December 2022.</li>



<li>The Federal Reserve raised interest rates seven times in 2022 and again on February 1, 2023 to curb inflation, increasing the target rate from near zero to 4.5-4.75%.</li>



<li>When accounting for inflation, workers’ average hourly earnings were down 1.7% in December 2022 compared to a year prior.</li>



<li>The ratio of unemployed people to job openings remained at or near record lows throughout 2022.</li>



<li>The unemployment rate was 4.0% at the beginning of 2022 and ended the year at 3.5%.</li>



<li>The labor force participation rate remains almost one percentage point below February 2020.</li>



<li>From January to November 2022, the US imported $889.9 billion more in goods and services than it exported. This is 7% higher than the trade deficit in 2021 for the same months.</li>
</ul>







<h3>US GDP increased 2.1% in 2022 after increasing 5.9% in 2021</h3>



Gross domestic product (GDP) fell in the first half of 2022 but grew in the second half. GDP reached $25.5 trillion in 2022.



<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-1-1.jpg" alt="" class="wp-image-59993"/><figcaption class="wp-element-caption">US GDP</figcaption></figure>







<h3>Year-over-year inflation, the rate at which consumer prices increase, was 6.5% in December 2022</h3>



That’s down from June 2022’s rate of 9.1%, the largest 12-month increase in 40 years. Inflation grew at the beginning of the year partly due to rising food and energy prices, while housing costs contributed throughout 2022.



<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-2-1.jpg" alt="" class="wp-image-59995"/><figcaption class="wp-element-caption">CPI-U</figcaption></figure>







<h3>The Federal Reserve raised interest rates seven times in 2022 and again on February 1, 2023 to curb inflation, increasing the target rate from near zero to 4.5-4.75%</h3>



Rate increases make it more expensive for banks to borrow from each other. Banks pass these costs on to consumers through increased interest rates. Read more about how the Federal Reserve tries to control inflation here.



<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-3.jpg" alt="" class="wp-image-59996"/><figcaption class="wp-element-caption">Fed Funds Rate</figcaption></figure>







<h3>When accounting for inflation, workers’ average hourly earnings were down 1.7% in December 2022 compared to a year prior</h3>



Inflation-adjusted average hourly earnings fell in all industries except information and leisure and hospitality, where earnings were flat.



<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-4.jpg" alt="" class="wp-image-59997"/><figcaption class="wp-element-caption">Hourly Earnings</figcaption></figure>











<h3>The ratio of unemployed people to job openings remained at or near record lows throughout 2022</h3>



In a typical month from March 2018 and February 2020, there were between 0.8 and 0.9 unemployed people per job opening. But after more than quadrupling in April 2020 at the onset of the pandemic, the ratio fell and settled from December 2021 to December 2022 to between 0.5 and 0.6 unemployed people per job opening, the lowest since data first became available in 2000.



<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-5.jpg" alt="" class="wp-image-59998"/><figcaption class="wp-element-caption">Unemploymed Ratio</figcaption></figure>











<h3>The unemployment rate was 4.0% at the beginning of 2022 and ended the year at 3.5%</h3>



It decreased most for Black and Asian people, 1.2 and 1.1 percentage points, respectively. Black people still have unemployment rates higher than the rest of the nation.



<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-6.jpg" alt="" class="wp-image-59999"/><figcaption class="wp-element-caption">Categorized Unemployment Rate</figcaption></figure>







<h3>The labor force participation rate remains almost one percentage point below February 2020</h3>



An additional 2.5 million workers would need to be in the labor force for the participation rate to reach its pre-pandemic level.



<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-7.jpg" alt="" class="wp-image-60000"/></figure>







<h3>From January to November 2022, the US imported $889.9 billion more in goods and services than it exported. This is 7% higher than the trade deficit in 2021 for the same months</h3>



During this time, the goods trade deficit reached $1.1 trillion. Complete 2022 data is expected on February 7, 2023.



<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-8.jpg" alt="" class="wp-image-60001"/><figcaption class="wp-element-caption">Trade Balance</figcaption></figure>







This content was republished from <a href="https://usafacts.org/">USAFacts.</a> USAFacts is a not-for-profit, nonpartisan civic initiative making government data easy for all Americans to access and understand. It provides accessible analysis on US spending and outcomes in order to ground public debates in facts.

<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="663" height="309" src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/cc-news-sotu-2023-663.jpg" alt="" class="wp-image-59989" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/02/cc-news-sotu-2023-663.jpg 663w, https://dashboard.channelchek.com/wp-content/uploads/2023/02/cc-news-sotu-2023-663-300x140.jpg 300w" sizes="(max-width: 663px) 100vw, 663px" /><figcaption class="wp-element-caption">Image Credit: <a href="https://usafacts.org/state-of-the-union/economy/">USA Facts</a></figcaption></figure></div>


<h2>Do the Most Current Economic Measurements Suggest a Trend Toward Recession or Growth?</h2>











<h3>How is the US Economy Doing?</h3>



<ul>
<li>US GDP increased 2.1% in 2022 after increasing 5.9% in 2021.</li>



<li>Year-over-year inflation, the rate at which consumer prices increase, was 6.5% in December 2022.</li>



<li>The Federal Reserve raised interest rates seven times in 2022 and again on February 1, 2023 to curb inflation, increasing the target rate from near zero to 4.5-4.75%.</li>



<li>When accounting for inflation, workers’ average hourly earnings were down 1.7% in December 2022 compared to a year prior.</li>



<li>The ratio of unemployed people to job openings remained at or near record lows throughout 2022.</li>



<li>The unemployment rate was 4.0% at the beginning of 2022 and ended the year at 3.5%.</li>



<li>The labor force participation rate remains almost one percentage point below February 2020.</li>



<li>From January to November 2022, the US imported $889.9 billion more in goods and services than it exported. This is 7% higher than the trade deficit in 2021 for the same months.</li>
</ul>







<h3>US GDP increased 2.1% in 2022 after increasing 5.9% in 2021</h3>



Gross domestic product (GDP) fell in the first half of 2022 but grew in the second half. GDP reached $25.5 trillion in 2022.


<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="624" height="252" src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-1-1.jpg" alt="" class="wp-image-59993" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-1-1.jpg 624w, https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-1-1-300x121.jpg 300w" sizes="(max-width: 624px) 100vw, 624px" /><figcaption class="wp-element-caption">US GDP</figcaption></figure></div>






<h3>Year-over-year inflation, the rate at which consumer prices increase, was 6.5% in December 2022</h3>



That’s down from June 2022’s rate of 9.1%, the largest 12-month increase in 40 years. Inflation grew at the beginning of the year partly due to rising food and energy prices, while housing costs contributed throughout 2022.


<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="624" height="281" src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-2-1.jpg" alt="" class="wp-image-59995" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-2-1.jpg 624w, https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-2-1-300x135.jpg 300w" sizes="(max-width: 624px) 100vw, 624px" /><figcaption class="wp-element-caption">CPI-U</figcaption></figure></div>






<h3>The Federal Reserve raised interest rates seven times in 2022 and again on February 1, 2023 to curb inflation, increasing the target rate from near zero to 4.5-4.75%</h3>



Rate increases make it more expensive for banks to borrow from each other. Banks pass these costs on to consumers through increased interest rates. Read more about how the Federal Reserve tries to control inflation here.


<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="624" height="258" src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-3.jpg" alt="" class="wp-image-59996" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-3.jpg 624w, https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-3-300x124.jpg 300w" sizes="(max-width: 624px) 100vw, 624px" /><figcaption class="wp-element-caption">Fed Funds Rate</figcaption></figure></div>






<h3>When accounting for inflation, workers’ average hourly earnings were down 1.7% in December 2022 compared to a year prior</h3>



Inflation-adjusted average hourly earnings fell in all industries except information and leisure and hospitality, where earnings were flat.


<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="624" height="261" src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-4.jpg" alt="" class="wp-image-59997" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-4.jpg 624w, https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-4-300x125.jpg 300w" sizes="(max-width: 624px) 100vw, 624px" /><figcaption class="wp-element-caption">Hourly Earnings</figcaption></figure></div>










<h3>The ratio of unemployed people to job openings remained at or near record lows throughout 2022</h3>



In a typical month from March 2018 and February 2020, there were between 0.8 and 0.9 unemployed people per job opening. But after more than quadrupling in April 2020 at the onset of the pandemic, the ratio fell and settled from December 2021 to December 2022 to between 0.5 and 0.6 unemployed people per job opening, the lowest since data first became available in 2000.


<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="624" height="257" src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-5.jpg" alt="" class="wp-image-59998" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-5.jpg 624w, https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-5-300x124.jpg 300w" sizes="(max-width: 624px) 100vw, 624px" /><figcaption class="wp-element-caption">Unemploymed Ratio</figcaption></figure></div>










<h3>The unemployment rate was 4.0% at the beginning of 2022 and ended the year at 3.5%</h3>



It decreased most for Black and Asian people, 1.2 and 1.1 percentage points, respectively. Black people still have unemployment rates higher than the rest of the nation.


<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="624" height="293" src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-6.jpg" alt="" class="wp-image-59999" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-6.jpg 624w, https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-6-300x141.jpg 300w" sizes="(max-width: 624px) 100vw, 624px" /><figcaption class="wp-element-caption">Categorized Unemployment Rate</figcaption></figure></div>






<h3>The labor force participation rate remains almost one percentage point below February 2020</h3>



An additional 2.5 million workers would need to be in the labor force for the participation rate to reach its pre-pandemic level.


<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="624" height="260" src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-7.jpg" alt="" class="wp-image-60000" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-7.jpg 624w, https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-7-300x125.jpg 300w" sizes="(max-width: 624px) 100vw, 624px" /></figure></div>






<h3>From January to November 2022, the US imported $889.9 billion more in goods and services than it exported. This is 7% higher than the trade deficit in 2021 for the same months</h3>



During this time, the goods trade deficit reached $1.1 trillion. Complete 2022 data is expected on February 7, 2023.


<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="624" height="292" src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-8.jpg" alt="" class="wp-image-60001" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-8.jpg 624w, https://dashboard.channelchek.com/wp-content/uploads/2023/02/20230207-article2-8-300x140.jpg 300w" sizes="(max-width: 624px) 100vw, 624px" /><figcaption class="wp-element-caption">Trade Balance</figcaption></figure></div>






This content was republished from <a href="https://usafacts.org/">USAFacts.</a> USAFacts is a not-for-profit, nonpartisan civic initiative making government data easy for all Americans to access and understand. It provides accessible analysis on US spending and outcomes in order to ground public debates in facts.

Image Credit: USA Facts


Do the Most Current Economic Measurements Suggest a Trend Toward Recession or Growth?











How is the US Economy Doing?




US GDP increased 2.1% in 2022 after increasing 5.9% in 2021.



Year-over-year inflation, the rate at which consumer prices increase, was 6.5% in December 2022.



The Federal Reserve raised interest rates seven times in 2022 and again on February 1, 2023 to curb inflation, increasing the target rate from near zero to 4.5-4.75%.



When accounting for inflation, workers’ average hourly earnings were down 1.7% in December 2022 compared to a year prior.



The ratio of unemployed people to job openings remained at or near record lows throughout 2022.



The unemployment rate was 4.0% at the beginning of 2022 and ended the year at 3.5%.



The labor force participation rate remains almost one percentage point below February 2020.



From January to November 2022, the US imported $889.9 billion more in goods and services than it exported. This is 7% higher than the trade deficit in 2021 for the same months.








US GDP increased 2.1% in 2022 after increasing 5.9% in 2021



Gross domestic product (GDP) fell in the first half of 2022 but grew in the second half. GDP reached $25.5 trillion in 2022.



US GDP






Year-over-year inflation, the rate at which consumer prices increase, was 6.5% in December 2022



That’s down from June 2022’s rate of 9.1%, the largest 12-month increase in 40 years. Inflation grew at the beginning of the year partly due to rising food and energy prices, while housing costs contributed throughout 2022.



CPI-U






The Federal Reserve raised interest rates seven times in 2022 and again on February 1, 2023 to curb inflation, increasing the target rate from near zero to 4.5-4.75%



Rate increases make it more expensive for banks to borrow from each other. Banks pass these costs on to consumers through increased interest rates. Read more about how the Federal Reserve tries to control inflation here.



Fed Funds Rate






When accounting for inflation, workers’ average hourly earnings were down 1.7% in December 2022 compared to a year prior



Inflation-adjusted average hourly earnings fell in all industries except information and leisure and hospitality, where earnings were flat.



Hourly Earnings










The ratio of unemployed people to job openings remained at or near record lows throughout 2022



In a typical month from March 2018 and February 2020, there were between 0.8 and 0.9 unemployed people per job opening. But after more than quadrupling in April 2020 at the onset of the pandemic, the ratio fell and settled from December 2021 to December 2022 to between 0.5 and 0.6 unemployed people per job opening, the lowest since data first became available in 2000.



Unemploymed Ratio










The unemployment rate was 4.0% at the beginning of 2022 and ended the year at 3.5%



It decreased most for Black and Asian people, 1.2 and 1.1 percentage points, respectively. Black people still have unemployment rates higher than the rest of the nation.



Categorized Unemployment Rate






The labor force participation rate remains almost one percentage point below February 2020



An additional 2.5 million workers would need to be in the labor force for the participation rate to reach its pre-pandemic level.










From January to November 2022, the US imported $889.9 billion more in goods and services than it exported. This is 7% higher than the trade deficit in 2021 for the same months



During this time, the goods trade deficit reached $1.1 trillion. Complete 2022 data is expected on February 7, 2023.



Trade Balance






This content was republished from USAFacts. USAFacts is a not-for-profit, nonpartisan civic initiative making government data easy for all Americans to access and understand. It provides accessible analysis on US spending and outcomes in order to ground public debates in facts.

How is the Economy Really Doing (Just the Facts)?

Economy

Republish

<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/cc-news-smallcap-ai-663.jpg" alt="" class="wp-image-59984"/><figcaption class="wp-element-caption">Image Credit: Focal Foto (Flickr)</figcaption></figure>



<h3>Recent Investment Trends Include Small-Cap Artificial Intelligence Stocks</h3>







C3 AI, sometimes written C3.ai, is an artificial intelligence platform that provides services for companies to build large-scale AI applications. Its stock had the fifth highest traded shares among Fidelity’s retail investors on Monday (February 6). This included a record-breaking $31.4 million worth of shares traded among the broker’s individual self-directed traders. According to Reuters, “Retail investors are piling up on small-cap firms that employ artificial intelligence amid intensifying competition between tech titans.”  The article points to Google and Microsoft as examples of companies that expect AI to be the next meaningful driver of growth.



Investors, for their part, are looking to get ahead of any acquisition spree that deep-pocketed companies may embark on, which could include buying the advanced technology by acquiring small-cap tech firms.







<h3>Focus Heightened by ChatGPT</h3>



The spotlight ChatGPT finds itself in, three months after its launch, is indicicative of the interest in this technology amongst investors and users. With applications as numerous than one can think up, the technology could outdate many services provided by tech companies like Alphabet (GOOGL), or Microsoft (MSFT) – big tech has catching up to do. This seems to have created a race by cash rich companies to not be disrupted and left behind.



Investor’s recent focus on small companies in this space prefer those that are concentrated in AI technology. One main reason is that small-cap or microcap firms in this space are likely to have AI as a more concentrated part of their business. The bet being that whether the small company continues to grow independently, or is acquired by a larger firm looking to instantly be par with current technology, doesn’t much matter, it is a win for the investor if either occurs.



And it is a win, C3 AI stock rallied 46% last week, and climbed another 6.5% on Monday. It is now up 146% year to date.







<h3>Other Companies Involved</h3>



SoundHound AI, provides a voice AI platform services, and Thailand-based security firm Guardforce AI have more than doubled so far this year, while analytics firm BigBear.AI has increased ninefold.



US-listed shares of Baidu Inc climbed after the Chinese search engine indicated it would complete an internal test of a ChatGPT-style project called “Ernie Bot” next month.



Shares of Microsoft, which supports ChatGPT parent OpenAI, had been ratcheting up over the past month. The company is expected to make an announcement on their AI gained 1.5% in premarket trading ahead of the AI plans this week. ​



Google-owner Alphabet Inc said this week it would launch Bard, a chatbot service for developers, alongside its search engine.







<h3>Take Away</h3>



Change in technology that leads to improvements in daily lives has always been a focus of investors betting on which companies will outlast the others with “the next big thing.” These companies start out as small growth companies as Apple (AAPL) did in 1976. Then, a number of paths lay ahead. They either grow on their own like the Jobs/Wozniak computer maker did, get acquired for an early payday for investors and other stakeholders, or they can be outcompeted leaving investors with a non-performing asset.



Channelchek is a platform that specializes in bringing data and research on small-cap companies, including many varieties of new technology, to the investors that insist on being informed before they place a trade. Discover more on the industries of tomorrow by signing up for notifications in your inbox from Channelchek by <a href="https://www.channelchek.com/registration">registering here</a>.



<a href="mailto:phoffman@channelchek.com">Paul Hoffman</a>



Managing Editor, Channelchek











<h3>Sources</h3>



<a href="https://www.reuters.com/markets/us/retail-investors-flock-small-cap-ai-firms-big-tech-battles-share-2023-02-07/">https://www.reuters.com/markets/us/retail-investors-flock-small-cap-ai-firms-big-tech-battles-share-2023-02-07/</a>



<a href="https://www.barrons.com/articles/c3-ai-stock-rally-bull-wall-street-51675441248?mod=Searchresults">https://www.barrons.com/articles/c3-ai-stock-rally-bull-wall-street-51675441248?mod=Searchresults</a>

<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="663" height="410" src="https://dashboard.channelchek.com/wp-content/uploads/2023/02/cc-news-smallcap-ai-663.jpg" alt="" class="wp-image-59984" srcset="https://dashboard.channelchek.com/wp-content/uploads/2023/02/cc-news-smallcap-ai-663.jpg 663w, https://dashboard.channelchek.com/wp-content/uploads/2023/02/cc-news-smallcap-ai-663-300x186.jpg 300w" sizes="(max-width: 663px) 100vw, 663px" /><figcaption class="wp-element-caption">Image Credit: Focal Foto (Flickr)</figcaption></figure></div>


<h3>Recent Investment Trends Include Small-Cap Artificial Intelligence Stocks</h3>







C3 AI, sometimes written C3.ai, is an artificial intelligence platform that provides services for companies to build large-scale AI applications. Its stock had the fifth highest traded shares among Fidelity’s retail investors on Monday (February 6). This included a record-breaking $31.4 million worth of shares traded among the broker’s individual self-directed traders. According to Reuters, “Retail investors are piling up on small-cap firms that employ artificial intelligence amid intensifying competition between tech titans.”  The article points to Google and Microsoft as examples of companies that expect AI to be the next meaningful driver of growth.



Investors, for their part, are looking to get ahead of any acquisition spree that deep-pocketed companies may embark on, which could include buying the advanced technology by acquiring small-cap tech firms.







<h3>Focus Heightened by ChatGPT</h3>



The spotlight ChatGPT finds itself in, three months after its launch, is indicicative of the interest in this technology amongst investors and users. With applications as numerous than one can think up, the technology could outdate many services provided by tech companies like Alphabet (GOOGL), or Microsoft (MSFT) – big tech has catching up to do. This seems to have created a race by cash rich companies to not be disrupted and left behind.



Investor’s recent focus on small companies in this space prefer those that are concentrated in AI technology. One main reason is that small-cap or microcap firms in this space are likely to have AI as a more concentrated part of their business. The bet being that whether the small company continues to grow independently, or is acquired by a larger firm looking to instantly be par with current technology, doesn’t much matter, it is a win for the investor if either occurs.



And it is a win, C3 AI stock rallied 46% last week, and climbed another 6.5% on Monday. It is now up 146% year to date.







<h3>Other Companies Involved</h3>



SoundHound AI, provides a voice AI platform services, and Thailand-based security firm Guardforce AI have more than doubled so far this year, while analytics firm BigBear.AI has increased ninefold.



US-listed shares of Baidu Inc climbed after the Chinese search engine indicated it would complete an internal test of a ChatGPT-style project called “Ernie Bot” next month.



Shares of Microsoft, which supports ChatGPT parent OpenAI, had been ratcheting up over the past month. The company is expected to make an announcement on their AI gained 1.5% in premarket trading ahead of the AI plans this week. ​



Google-owner Alphabet Inc said this week it would launch Bard, a chatbot service for developers, alongside its search engine.







<h3>Take Away</h3>



Change in technology that leads to improvements in daily lives has always been a focus of investors betting on which companies will outlast the others with “the next big thing.” These companies start out as small growth companies as Apple (AAPL) did in 1976. Then, a number of paths lay ahead. They either grow on their own like the Jobs/Wozniak computer maker did, get acquired for an early payday for investors and other stakeholders, or they can be outcompeted leaving investors with a non-performing asset.



Channelchek is a platform that specializes in bringing data and research on small-cap companies, including many varieties of new technology, to the investors that insist on being informed before they place a trade. Discover more on the industries of tomorrow by signing up for notifications in your inbox from Channelchek by <a href="https://www.channelchek.com/registration">registering here</a>.



<a href="mailto:phoffman@channelchek.com">Paul Hoffman</a>



Managing Editor, Channelchek











<h3>Sources</h3>



<a href="https://www.reuters.com/markets/us/retail-investors-flock-small-cap-ai-firms-big-tech-battles-share-2023-02-07/">https://www.reuters.com/markets/us/retail-investors-flock-small-cap-ai-firms-big-tech-battles-share-2023-02-07/</a>



<a href="https://www.barrons.com/articles/c3-ai-stock-rally-bull-wall-street-51675441248?mod=Searchresults">https://www.barrons.com/articles/c3-ai-stock-rally-bull-wall-street-51675441248?mod=Searchresults</a>

Image Credit: Focal Foto (Flickr)


Recent Investment Trends Include Small-Cap Artificial Intelligence Stocks







C3 AI, sometimes written C3.ai, is an artificial intelligence platform that provides services for companies to build large-scale AI applications. Its stock had the fifth highest traded shares among Fidelity’s retail investors on Monday (February 6). This included a record-breaking $31.4 million worth of shares traded among the broker’s individual self-directed traders. According to Reuters, “Retail investors are piling up on small-cap firms that employ artificial intelligence amid intensifying competition between tech titans.”  The article points to Google and Microsoft as examples of companies that expect AI to be the next meaningful driver of growth.



Investors, for their part, are looking to get ahead of any acquisition spree that deep-pocketed companies may embark on, which could include buying the advanced technology by acquiring small-cap tech firms.







Focus Heightened by ChatGPT



The spotlight ChatGPT finds itself in, three months after its launch, is indicicative of the interest in this technology amongst investors and users. With applications as numerous than one can think up, the technology could outdate many services provided by tech companies like Alphabet (GOOGL), or Microsoft (MSFT) – big tech has catching up to do. This seems to have created a race by cash rich companies to not be disrupted and left behind.



Investor’s recent focus on small companies in this space prefer those that are concentrated in AI technology. One main reason is that small-cap or microcap firms in this space are likely to have AI as a more concentrated part of their business. The bet being that whether the small company continues to grow independently, or is acquired by a larger firm looking to instantly be par with current technology, doesn’t much matter, it is a win for the investor if either occurs.



And it is a win, C3 AI stock rallied 46% last week, and climbed another 6.5% on Monday. It is now up 146% year to date.







Other Companies Involved



SoundHound AI, provides a voice AI platform services, and Thailand-based security firm Guardforce AI have more than doubled so far this year, while analytics firm BigBear.AI has increased ninefold.



US-listed shares of Baidu Inc climbed after the Chinese search engine indicated it would complete an internal test of a ChatGPT-style project called “Ernie Bot” next month.



Shares of Microsoft, which supports ChatGPT parent OpenAI, had been ratcheting up over the past month. The company is expected to make an announcement on their AI gained 1.5% in premarket trading ahead of the AI plans this week. ​



Google-owner Alphabet Inc said this week it would launch Bard, a chatbot service for developers, alongside its search engine.







Take Away



Change in technology that leads to improvements in daily lives has always been a focus of investors betting on which companies will outlast the others with “the next big thing.” These companies start out as small growth companies as Apple (AAPL) did in 1976. Then, a number of paths lay ahead. They either grow on their own like the Jobs/Wozniak computer maker did, get acquired for an early payday for investors and other stakeholders, or they can be outcompeted leaving investors with a non-performing asset.



Channelchek is a platform that specializes in bringing data and research on small-cap companies, including many varieties of new technology, to the investors that insist on being informed before they place a trade. Discover more on the industries of tomorrow by signing up for notifications in your inbox from Channelchek by registering here.



Paul Hoffman



Managing Editor, Channelchek











Sources



https://www.reuters.com/markets/us/retail-investors-flock-small-cap-ai-firms-big-tech-battles-share-2023-02-07/



https://www.barrons.com/articles/c3-ai-stock-rally-bull-wall-street-51675441248?mod=Searchresults

AI a New Favorite Among Retail Investors

ChatGPT

<figure class="wp-block-image aligncenter size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2022/09/fat-logo-pr.png" alt="" class="wp-image-49645"/></figure>



<a href="http://www.channelchek.com/company/fat">Research News and Market Data on FAT</a>



 



FEBRUARY 06, 2023



Global Restaurant Franchising&nbsp;Company&nbsp;Builds Upon 1,000 Unit Pipeline



LOS ANGELES, Feb. 06, 2023 (GLOBE NEWSWIRE) --&nbsp;<a href="https://www.globenewswire.com/Tracker?data=blxbKXSLE9pePLEUwgzSinz_ahpXOYEXQkpnLK8TtSfAbsbYcC4RX2_3gZHEKdlP1jST9L3HG_ZKTQ8yRD4ZdsI-tpLy3AZTGafot-Db3KWNQV9Mg0eRmWcNc3WcxPXI" target="_blank" rel="noreferrer noopener">FAT (Fresh. Authentic. Tasty.) Brands Inc.</a>, a leading global franchising company that owns a number of iconic restaurant brands, including Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks, Fazoli’s and 12 other concepts, announces it has experienced a historic year of growth, opening 142 new stores in 2022 and adding a total of 362 stores to its development pipeline which spans 29 states and 17 countries.



Leading the way in new store development amongst FAT Brands’ concepts was Fatburger and Buffalo’s Express with 86 stores, Fazoli’s with 61, Round Table Pizza with 56, and Twin Peaks with 50. Noteworthy franchise deals included a combined 80-store development agreement for 40 Fatburger and Buffalo’s Express locations and 40 Round Table Pizza restaurants in the state of Texas, a 32-store agreement for Twin Peaks in Mexico, and a10-store agreement for Johnny Rockets in Israel.



Other strategic deals included 10 Marble Slab Creamery locations in Egypt and a nine-store development deal for Fazoli’s in Phoenix, AZ. The record-breaking development activity by the company will also bring its iconic portfolio to highly anticipated areas, such as Fatburger arriving in Florida, Puerto Rico and Atlanta, GA, Fazoli’s landing in Louisiana and Dallas, TX, and Twin Peaks growing its presence in Chicago, IL.



“We are extremely proud of our organic growth and the performance of our team in 2022,” said Taylor Wiederhorn, Chief Development Officer of&nbsp;FAT Brands. “Franchisee interest was at an all-time high from both new and existing franchisees, which speaks volumes to our robust portfolio of brands that continue to deliver strong same-store sales and attract new fans around the globe. This year, we will remain focused on converting our over 1,000-unit pipeline into new stores, approximately 175 of which are set to open in 2023, along with continuing to fuel our long-term growth with additional development deals.”



For more information on FAT Brands, visit&nbsp;<a href="https://www.globenewswire.com/Tracker?data=CNndYAaruucMBmyljZobU1byVgfEmlk-uR-RQIQRXbZUUbc-8Lww5wFj3BOInr0MzQvVUjExV1ssoCibptoKqA==" target="_blank" rel="noreferrer noopener">www.fatbrands.com</a>.



About FAT (Fresh. Authentic. Tasty.) Brands



FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe &amp; Express, Hurricane Grill &amp; Wings, Pretzelmaker, Elevation Burger, Native Grill &amp; Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide.



Forward Looking Statements



This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings, area development agreements, and growth in same-store sales. Forward-looking statements reflect expectations of FAT Brands Inc. (“we”, “our” or the “Company”) concerning the future and are subject to significant business, economic and competitive risks, uncertainties and contingencies, including but not limited to uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic. These factors are difficult to predict and beyond our control, and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.



MEDIA&nbsp;C&nbsp;ONTACT&nbsp;: Erin Mandzik, FAT Brands <a href="https://www.globenewswire.com/Tracker?data=-vb9RK3JrvcdjGqQdcocaXEAq2a4syy6lca-lbAvd3pkZ5mSlmzL0VGfa4-NKsU1CwbsaxjaHcVfjkoUyqJAy3iN9lnsDTsxiXT-4IhGAKA=" target="_blank" rel="noreferrer noopener">emandzik@fatbrands.com</a> 860-212-6509

<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="142" height="154" src="https://dashboard.channelchek.com/wp-content/uploads/2022/09/fat-logo-pr.png" alt="" class="wp-image-49645"/></figure></div>


<a href="http://www.channelchek.com/company/fat">Research News and Market Data on FAT</a>



 



FEBRUARY 06, 2023



Global Restaurant Franchising&nbsp;Company&nbsp;Builds Upon 1,000 Unit Pipeline



LOS ANGELES, Feb. 06, 2023 (GLOBE NEWSWIRE) &#8212;&nbsp;<a href="https://www.globenewswire.com/Tracker?data=blxbKXSLE9pePLEUwgzSinz_ahpXOYEXQkpnLK8TtSfAbsbYcC4RX2_3gZHEKdlP1jST9L3HG_ZKTQ8yRD4ZdsI-tpLy3AZTGafot-Db3KWNQV9Mg0eRmWcNc3WcxPXI" target="_blank" rel="noreferrer noopener">FAT (Fresh. Authentic. Tasty.) Brands Inc.</a>, a leading global franchising company that owns a number of iconic restaurant brands, including Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks, Fazoli’s and 12 other concepts, announces it has experienced a historic year of growth, opening 142 new stores in 2022 and adding a total of 362 stores to its development pipeline which spans 29 states and 17 countries.



Leading the way in new store development amongst FAT Brands’ concepts was Fatburger and Buffalo’s Express with 86 stores, Fazoli’s with 61, Round Table Pizza with 56, and Twin Peaks with 50. Noteworthy franchise deals included a combined 80-store development agreement for 40 Fatburger and Buffalo’s Express locations and 40 Round Table Pizza restaurants in the state of Texas, a 32-store agreement for Twin Peaks in Mexico, and a10-store agreement for Johnny Rockets in Israel.



Other strategic deals included 10 Marble Slab Creamery locations in Egypt and a nine-store development deal for Fazoli’s in Phoenix, AZ. The record-breaking development activity by the company will also bring its iconic portfolio to highly anticipated areas, such as Fatburger arriving in Florida, Puerto Rico and Atlanta, GA, Fazoli’s landing in Louisiana and Dallas, TX, and Twin Peaks growing its presence in Chicago, IL.



“We are extremely proud of our organic growth and the performance of our team in 2022,” said Taylor Wiederhorn, Chief Development Officer of&nbsp;FAT Brands. “Franchisee interest was at an all-time high from both new and existing franchisees, which speaks volumes to our robust portfolio of brands that continue to deliver strong same-store sales and attract new fans around the globe. This year, we will remain focused on converting our over 1,000-unit pipeline into new stores, approximately 175 of which are set to open in 2023, along with continuing to fuel our long-term growth with additional development deals.”



For more information on FAT Brands, visit&nbsp;<a href="https://www.globenewswire.com/Tracker?data=CNndYAaruucMBmyljZobU1byVgfEmlk-uR-RQIQRXbZUUbc-8Lww5wFj3BOInr0MzQvVUjExV1ssoCibptoKqA==" target="_blank" rel="noreferrer noopener">www.fatbrands.com</a>.



About FAT (Fresh. Authentic. Tasty.) Brands



FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe &amp; Express, Hurricane Grill &amp; Wings, Pretzelmaker, Elevation Burger, Native Grill &amp; Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide.



Forward Looking Statements



This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings, area development agreements, and growth in same-store sales. Forward-looking statements reflect expectations of FAT Brands Inc. (“we”, “our” or the “Company”) concerning the future and are subject to significant business, economic and competitive risks, uncertainties and contingencies, including but not limited to uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic. These factors are difficult to predict and beyond our control, and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.



MEDIA&nbsp;C&nbsp;ONTACT&nbsp;: Erin Mandzik, FAT Brands <a href="https://www.globenewswire.com/Tracker?data=-vb9RK3JrvcdjGqQdcocaXEAq2a4syy6lca-lbAvd3pkZ5mSlmzL0VGfa4-NKsU1CwbsaxjaHcVfjkoUyqJAy3iN9lnsDTsxiXT-4IhGAKA=" target="_blank" rel="noreferrer noopener">emandzik@fatbrands.com</a> 860-212-6509

Research News and Market Data on FAT



 



FEBRUARY 06, 2023



Global Restaurant Franchising&nbsp;Company&nbsp;Builds Upon 1,000 Unit Pipeline



LOS ANGELES, Feb. 06, 2023 (GLOBE NEWSWIRE) &#8212;&nbsp;FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global franchising company that owns a number of iconic restaurant brands, including Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks, Fazoli’s and 12 other concepts, announces it has experienced a historic year of growth, opening 142 new stores in 2022 and adding a total of 362 stores to its development pipeline which spans 29 states and 17 countries.



Leading the way in new store development amongst FAT Brands’ concepts was Fatburger and Buffalo’s Express with 86 stores, Fazoli’s with 61, Round Table Pizza with 56, and Twin Peaks with 50. Noteworthy franchise deals included a combined 80-store development agreement for 40 Fatburger and Buffalo’s Express locations and 40 Round Table Pizza restaurants in the state of Texas, a 32-store agreement for Twin Peaks in Mexico, and a10-store agreement for Johnny Rockets in Israel.



Other strategic deals included 10 Marble Slab Creamery locations in Egypt and a nine-store development deal for Fazoli’s in Phoenix, AZ. The record-breaking development activity by the company will also bring its iconic portfolio to highly anticipated areas, such as Fatburger arriving in Florida, Puerto Rico and Atlanta, GA, Fazoli’s landing in Louisiana and Dallas, TX, and Twin Peaks growing its presence in Chicago, IL.



“We are extremely proud of our organic growth and the performance of our team in 2022,” said Taylor Wiederhorn, Chief Development Officer of&nbsp;FAT Brands. “Franchisee interest was at an all-time high from both new and existing franchisees, which speaks volumes to our robust portfolio of brands that continue to deliver strong same-store sales and attract new fans around the globe. This year, we will remain focused on converting our over 1,000-unit pipeline into new stores, approximately 175 of which are set to open in 2023, along with continuing to fuel our long-term growth with additional development deals.”



For more information on FAT Brands, visit&nbsp;www.fatbrands.com.



About FAT (Fresh. Authentic. Tasty.) Brands



FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 17 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe &amp; Express, Hurricane Grill &amp; Wings, Pretzelmaker, Elevation Burger, Native Grill &amp; Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide.



Forward Looking Statements



This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the timing and performance of new store openings, area development agreements, and growth in same-store sales. Forward-looking statements reflect expectations of FAT Brands Inc. (“we”, “our” or the “Company”) concerning the future and are subject to significant business, economic and competitive risks, uncertainties and contingencies, including but not limited to uncertainties surrounding the severity, duration and effects of the COVID-19 pandemic. These factors are difficult to predict and beyond our control, and could cause our actual results to differ materially from those expressed or implied in such forward-looking statements. We refer you to the documents that we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other factors. We undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date of this press release.



MEDIA&nbsp;C&nbsp;ONTACT&nbsp;:Erin Mandzik, FAT Brandsemandzik@fatbrands.com860-212-6509

Release - FAT Brands Accelerates Organic Growth in 2022 with 362 Stores Added to Development Pipeline

Consumer

FAT Brands Inc.

restaurants

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<a href="http://www.channelchek.com/company/drct">Research News and Market Data on DRCT</a>



February 06, 2023 9:00am EST



HOUSTON,&nbsp;Feb. 6, 2023&nbsp;/PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced that the Company will ring the Nasdaq closing bell on Tuesday, February 14, 2023, in celebration of one year since the Company listed on The Nasdaq Capital Market under ticker "DRCT".



Company attendees at the closing bell ceremony include:



<ul>
<li>Mark D. Walker, Chairman, Co-Founder &amp; Chief Executive Officer</li>



<li>Keith Smith, Director, Co-Founder &amp; President</li>



<li>Susan Echard, Chief Financial Officer</li>



<li>Anu Pillai, Chief Technology Officer</li>



<li>Maria Vilchez Lowrey, Chief Growth Officer</li>



<li>Kristie MacDonald, Chief Executive Officer, Huddled Masses</li>



<li>Lashawnda Goffin, Chief Executive Officer, Colossus SSP</li>



<li>Doug Mankiewicz, Chief Executive Officer, Orange142</li>



<li>Tonie Leatherberry, Director, Direct Digital Holdings</li>



<li>Richard Cohen, Director, Direct Digital Holdings</li>



<li>Misty Locke, Director, Direct Digital Holdings</li>
</ul>



The live broadcast will start at 3:45 PM Eastern Time on February 14, 2023 from the Nasdaq MarketSite Tower in New York City, New York. Please tune in to the broadcast by visiting&nbsp;<a href="https://www.nasdaq.com/marketsite/bell-ringing-ceremony" target="_blank" rel="noreferrer noopener">www.nasdaq.com/marketsite/bell-ringing-ceremony</a>.



Mark D. Walker commented on the occasion, stating, "As the ninth black-owned company to go public in the U.S., we are thrilled to be recognized by Nasdaq and thankful for the opportunity to ring the closing bell. To us, this ceremony will commemorate a year of tremendous growth and success since we first went public in February of 2022. We remain committed to delivering high-quality, technology-led digital advertising solutions to our clients and are excited for the further growth that access to the public markets allows us."



About Direct Digital Holdings



Direct Digital Holdings (Nasdaq: DRCT), owner of operating companies Colossus SSP, Huddled Masses, and Orange 142, brings state-of-the-art sell- and buy-side advertising platforms together under one umbrella company. Direct Digital Holdings' sell-side platform, Colossus SSP, offers advertisers of all sizes extensive reach within general market and multicultural media properties. The company's subsidiaries Huddled Masses and Orange142 deliver significant ROI for middle market advertisers by providing data-optimized programmatic solutions at scale for businesses in sectors that range from energy to healthcare to travel to financial services. Direct Digital Holdings' sell- and buy-side solutions manage approximately 90,000 clients monthly, generating over 100 billion impressions per month across display, video, CTV, in-app and other media channels. Direct Digital Holdings is the ninth black-owned company to go public in the U.S and was named a top minority-owned business by The Houston Business Journal.



Forward Looking Statements



This press release may contain forward-looking statements within the meaning of federal securities laws, including the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and which are subject to certain risks, trends and uncertainties.



As used below, "we," "us," and "our" refer to Direct Digital Holdings. We use words such as "could," "would," "may," "might," "will," "expect," "likely," "believe," "continue," "anticipate," "estimate," "intend," "plan," "project" and other similar expressions to identify forward-looking statements, but not all forward-looking statements include these words. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements.



All of our forward-looking statements involve estimates and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Our forward-looking statements are based on assumptions that we have made in light of our industry experience and our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance expressed in or implied by the forward-looking statements, including, but not limited to: our dependence on the overall demand for advertising, which could be influenced by economic downturns; any slow-down or unanticipated development in the market for programmatic advertising campaigns; the effects of health epidemics, such as the ongoing global COVID-19 pandemic; operational and performance issues with our platform, whether real or perceived, including a failure to respond to technological changes or to upgrade our technology systems; any significant inadvertent disclosure or breach of confidential and/or personal information we hold, or of the security of our or our customers', suppliers' or other partners' computer systems; any unavailability or non-performance of the non-proprietary technology, software, products and services that we use; unfavorable publicity and negative public perception about our industry, particularly concerns regarding data privacy and security relating to our industry's technology and practices, and any perceived failure to comply with laws and industry self-regulation; restrictions on the use of third-party "cookies," mobile device IDs or other tracking technologies, which could diminish our platform's effectiveness; any inability to compete in our intensely competitive market; any significant fluctuations caused by our high customer concentration; any violation of legal and regulatory requirements or any misconduct by our employees, subcontractors, agents or business partners; any strain on our resources, diversion of our management's attention or impact on our ability to attract and retain qualified board members as a result of being a public company; our dependence, as a holding company, of receiving distributions from Direct Digital Holdings, LLC to pay our taxes, expenses and dividends; and other factors and assumptions discussed in the "Risk Factors," "Management's Discussion and Analysis of Financial Conditions and Results of Operations" and other sections of our filings with the SEC that we make from time to time. Should one or more of these risks or uncertainties materialize or should any of these assumptions prove to be incorrect, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and except as required by law, we undertake no obligation to update any forward-looking statement contained in this release to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.



<a href="https://mma.prnewswire.com/media/1943643/DDH_Set_1.html"></a>



<img width="12" height="12" src="" alt="Cision">&nbsp;View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/direct-digital-holdings-to-ring-nasdaq-closing-bell-on-tuesday-february-14-2023-to-celebrate-one-year-anniversary-of-public-listing-301739353.html" target="_blank" rel="noreferrer noopener">https://www.prnewswire.com/news-releases/direct-digital-holdings-to-ring-nasdaq-closing-bell-on-tuesday-february-14-2023-to-celebrate-one-year-anniversary-of-public-listing-301739353.html</a>



SOURCE Direct Digital Holdings



Released February 6, 2023

<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://dashboard.channelchek.com/wp-content/uploads/2022/07/drct_logo.png" alt="" class="wp-image-47216" width="207" height="207" srcset="https://dashboard.channelchek.com/wp-content/uploads/2022/07/drct_logo.png 386w, https://dashboard.channelchek.com/wp-content/uploads/2022/07/drct_logo-300x300.png 300w, https://dashboard.channelchek.com/wp-content/uploads/2022/07/drct_logo-150x150.png 150w" sizes="(max-width: 207px) 100vw, 207px" /></figure></div>


<a href="http://www.channelchek.com/company/drct">Research News and Market Data on DRCT</a>



February 06, 2023 9:00am EST



HOUSTON,&nbsp;Feb. 6, 2023&nbsp;/PRNewswire/ &#8212; Direct Digital Holdings, Inc. (Nasdaq: DRCT) (&#8220;Direct Digital Holdings&#8221; or the &#8220;Company&#8221;), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC (&#8220;Colossus SSP&#8221;), Huddled Masses LLC (&#8220;Huddled Masses&#8221;) and Orange142, LLC (&#8220;Orange142&#8221;), today announced that the Company will ring the Nasdaq closing bell on Tuesday, February 14, 2023, in celebration of one year since the Company listed on The Nasdaq Capital Market under ticker &#8220;DRCT&#8221;.



Company attendees at the closing bell ceremony include:



<ul>
<li>Mark D. Walker, Chairman, Co-Founder &amp; Chief Executive Officer</li>



<li>Keith Smith, Director, Co-Founder &amp; President</li>



<li>Susan Echard, Chief Financial Officer</li>



<li>Anu Pillai, Chief Technology Officer</li>



<li>Maria Vilchez Lowrey, Chief Growth Officer</li>



<li>Kristie MacDonald, Chief Executive Officer, Huddled Masses</li>



<li>Lashawnda Goffin, Chief Executive Officer, Colossus SSP</li>



<li>Doug Mankiewicz, Chief Executive Officer, Orange142</li>



<li>Tonie Leatherberry, Director, Direct Digital Holdings</li>



<li>Richard Cohen, Director, Direct Digital Holdings</li>



<li>Misty Locke, Director, Direct Digital Holdings</li>
</ul>



The live broadcast will start at 3:45 PM Eastern Time on February 14, 2023 from the Nasdaq MarketSite Tower in New York City, New York. Please tune in to the broadcast by visiting&nbsp;<a href="https://www.nasdaq.com/marketsite/bell-ringing-ceremony" target="_blank" rel="noreferrer noopener">www.nasdaq.com/marketsite/bell-ringing-ceremony</a>.



Mark D. Walker commented on the occasion, stating, &#8220;As the ninth black-owned company to go public in the U.S., we are thrilled to be recognized by Nasdaq and thankful for the opportunity to ring the closing bell. To us, this ceremony will commemorate a year of tremendous growth and success since we first went public in February of 2022. We remain committed to delivering high-quality, technology-led digital advertising solutions to our clients and are excited for the further growth that access to the public markets allows us.&#8221;



About Direct Digital Holdings



Direct Digital Holdings (Nasdaq: DRCT), owner of operating companies Colossus SSP, Huddled Masses, and Orange 142, brings state-of-the-art sell- and buy-side advertising platforms together under one umbrella company. Direct Digital Holdings&#8217; sell-side platform, Colossus SSP, offers advertisers of all sizes extensive reach within general market and multicultural media properties. The company&#8217;s subsidiaries Huddled Masses and Orange142 deliver significant ROI for middle market advertisers by providing data-optimized programmatic solutions at scale for businesses in sectors that range from energy to healthcare to travel to financial services. Direct Digital Holdings&#8217; sell- and buy-side solutions manage approximately 90,000 clients monthly, generating over 100 billion impressions per month across display, video, CTV, in-app and other media channels. Direct Digital Holdings is the ninth black-owned company to go public in the U.S and was named a top minority-owned business by The Houston Business Journal.



Forward Looking Statements



This press release may contain forward-looking statements within the meaning of federal securities laws, including the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and which are subject to certain risks, trends and uncertainties.



As used below, &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; refer to Direct Digital Holdings. We use words such as &#8220;could,&#8221; &#8220;would,&#8221; &#8220;may,&#8221; &#8220;might,&#8221; &#8220;will,&#8221; &#8220;expect,&#8221; &#8220;likely,&#8221; &#8220;believe,&#8221; &#8220;continue,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;project&#8221; and other similar expressions to identify forward-looking statements, but not all forward-looking statements include these words. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements.



All of our forward-looking statements involve estimates and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Our forward-looking statements are based on assumptions that we have made in light of our industry experience and our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance expressed in or implied by the forward-looking statements, including, but not limited to: our dependence on the overall demand for advertising, which could be influenced by economic downturns; any slow-down or unanticipated development in the market for programmatic advertising campaigns; the effects of health epidemics, such as the ongoing global COVID-19 pandemic; operational and performance issues with our platform, whether real or perceived, including a failure to respond to technological changes or to upgrade our technology systems; any significant inadvertent disclosure or breach of confidential and/or personal information we hold, or of the security of our or our customers&#8217;, suppliers&#8217; or other partners&#8217; computer systems; any unavailability or non-performance of the non-proprietary technology, software, products and services that we use; unfavorable publicity and negative public perception about our industry, particularly concerns regarding data privacy and security relating to our industry&#8217;s technology and practices, and any perceived failure to comply with laws and industry self-regulation; restrictions on the use of third-party &#8220;cookies,&#8221; mobile device IDs or other tracking technologies, which could diminish our platform&#8217;s effectiveness; any inability to compete in our intensely competitive market; any significant fluctuations caused by our high customer concentration; any violation of legal and regulatory requirements or any misconduct by our employees, subcontractors, agents or business partners; any strain on our resources, diversion of our management&#8217;s attention or impact on our ability to attract and retain qualified board members as a result of being a public company; our dependence, as a holding company, of receiving distributions from Direct Digital Holdings, LLC to pay our taxes, expenses and dividends; and other factors and assumptions discussed in the &#8220;Risk Factors,&#8221; &#8220;Management&#8217;s Discussion and Analysis of Financial Conditions and Results of Operations&#8221; and other sections of our filings with the SEC that we make from time to time. Should one or more of these risks or uncertainties materialize or should any of these assumptions prove to be incorrect, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and except as required by law, we undertake no obligation to update any forward-looking statement contained in this release to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.



<a href="https://mma.prnewswire.com/media/1943643/DDH_Set_1.html"></a>



<img decoding="async" loading="lazy" width="12" height="12" src="" alt="Cision">&nbsp;View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/direct-digital-holdings-to-ring-nasdaq-closing-bell-on-tuesday-february-14-2023-to-celebrate-one-year-anniversary-of-public-listing-301739353.html" target="_blank" rel="noreferrer noopener">https://www.prnewswire.com/news-releases/direct-digital-holdings-to-ring-nasdaq-closing-bell-on-tuesday-february-14-2023-to-celebrate-one-year-anniversary-of-public-listing-301739353.html</a>



SOURCE Direct Digital Holdings



Released February 6, 2023

Research News and Market Data on DRCT



February 06, 2023 9:00am EST



HOUSTON,&nbsp;Feb. 6, 2023&nbsp;/PRNewswire/ &#8212; Direct Digital Holdings, Inc. (Nasdaq: DRCT) (&#8220;Direct Digital Holdings&#8221; or the &#8220;Company&#8221;), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC (&#8220;Colossus SSP&#8221;), Huddled Masses LLC (&#8220;Huddled Masses&#8221;) and Orange142, LLC (&#8220;Orange142&#8221;), today announced that the Company will ring the Nasdaq closing bell on Tuesday, February 14, 2023, in celebration of one year since the Company listed on The Nasdaq Capital Market under ticker &#8220;DRCT&#8221;.



Company attendees at the closing bell ceremony include:




Mark D. Walker, Chairman, Co-Founder &amp; Chief Executive Officer



Keith Smith, Director, Co-Founder &amp; President



Susan Echard, Chief Financial Officer



Anu Pillai, Chief Technology Officer



Maria Vilchez Lowrey, Chief Growth Officer



Kristie MacDonald, Chief Executive Officer, Huddled Masses



Lashawnda Goffin, Chief Executive Officer, Colossus SSP



Doug Mankiewicz, Chief Executive Officer, Orange142



Tonie Leatherberry, Director, Direct Digital Holdings



Richard Cohen, Director, Direct Digital Holdings



Misty Locke, Director, Direct Digital Holdings




The live broadcast will start at 3:45 PM Eastern Time on February 14, 2023 from the Nasdaq MarketSite Tower in New York City, New York. Please tune in to the broadcast by visiting&nbsp;www.nasdaq.com/marketsite/bell-ringing-ceremony.



Mark D. Walker commented on the occasion, stating, &#8220;As the ninth black-owned company to go public in the U.S., we are thrilled to be recognized by Nasdaq and thankful for the opportunity to ring the closing bell. To us, this ceremony will commemorate a year of tremendous growth and success since we first went public in February of 2022. We remain committed to delivering high-quality, technology-led digital advertising solutions to our clients and are excited for the further growth that access to the public markets allows us.&#8221;



About Direct Digital Holdings



Direct Digital Holdings (Nasdaq: DRCT), owner of operating companies Colossus SSP, Huddled Masses, and Orange 142, brings state-of-the-art sell- and buy-side advertising platforms together under one umbrella company. Direct Digital Holdings&#8217; sell-side platform, Colossus SSP, offers advertisers of all sizes extensive reach within general market and multicultural media properties. The company&#8217;s subsidiaries Huddled Masses and Orange142 deliver significant ROI for middle market advertisers by providing data-optimized programmatic solutions at scale for businesses in sectors that range from energy to healthcare to travel to financial services. Direct Digital Holdings&#8217; sell- and buy-side solutions manage approximately 90,000 clients monthly, generating over 100 billion impressions per month across display, video, CTV, in-app and other media channels. Direct Digital Holdings is the ninth black-owned company to go public in the U.S and was named a top minority-owned business by The Houston Business Journal.



Forward Looking Statements



This press release may contain forward-looking statements within the meaning of federal securities laws, including the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and which are subject to certain risks, trends and uncertainties.



As used below, &#8220;we,&#8221; &#8220;us,&#8221; and &#8220;our&#8221; refer to Direct Digital Holdings. We use words such as &#8220;could,&#8221; &#8220;would,&#8221; &#8220;may,&#8221; &#8220;might,&#8221; &#8220;will,&#8221; &#8220;expect,&#8221; &#8220;likely,&#8221; &#8220;believe,&#8221; &#8220;continue,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;project&#8221; and other similar expressions to identify forward-looking statements, but not all forward-looking statements include these words. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements.



All of our forward-looking statements involve estimates and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Our forward-looking statements are based on assumptions that we have made in light of our industry experience and our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance expressed in or implied by the forward-looking statements, including, but not limited to: our dependence on the overall demand for advertising, which could be influenced by economic downturns; any slow-down or unanticipated development in the market for programmatic advertising campaigns; the effects of health epidemics, such as the ongoing global COVID-19 pandemic; operational and performance issues with our platform, whether real or perceived, including a failure to respond to technological changes or to upgrade our technology systems; any significant inadvertent disclosure or breach of confidential and/or personal information we hold, or of the security of our or our customers&#8217;, suppliers&#8217; or other partners&#8217; computer systems; any unavailability or non-performance of the non-proprietary technology, software, products and services that we use; unfavorable publicity and negative public perception about our industry, particularly concerns regarding data privacy and security relating to our industry&#8217;s technology and practices, and any perceived failure to comply with laws and industry self-regulation; restrictions on the use of third-party &#8220;cookies,&#8221; mobile device IDs or other tracking technologies, which could diminish our platform&#8217;s effectiveness; any inability to compete in our intensely competitive market; any significant fluctuations caused by our high customer concentration; any violation of legal and regulatory requirements or any misconduct by our employees, subcontractors, agents or business partners; any strain on our resources, diversion of our management&#8217;s attention or impact on our ability to attract and retain qualified board members as a result of being a public company; our dependence, as a holding company, of receiving distributions from Direct Digital Holdings, LLC to pay our taxes, expenses and dividends; and other factors and assumptions discussed in the &#8220;Risk Factors,&#8221; &#8220;Management&#8217;s Discussion and Analysis of Financial Conditions and Results of Operations&#8221; and other sections of our filings with the SEC that we make from time to time. Should one or more of these risks or uncertainties materialize or should any of these assumptions prove to be incorrect, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and except as required by law, we undertake no obligation to update any forward-looking statement contained in this release to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances, and we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.







&nbsp;View original content to download multimedia:https://www.prnewswire.com/news-releases/direct-digital-holdings-to-ring-nasdaq-closing-bell-on-tuesday-february-14-2023-to-celebrate-one-year-anniversary-of-public-listing-301739353.html



SOURCE Direct Digital Holdings



Released February 6, 2023