Latest news, reports, and more from the RedChip Nation.
RedChip.com     July 13, 2018     Contact    
 
 
Level Brands' (NYSE American: LEVB) I'M1 Signs 5-Year Licensing Agreement with Revolutionary Gravocore Fitness System
 

Level Brands, Inc. (NYSE American: LEVB), an innovative marketing and licensing company that provides bold, unconventional, and socially responsible branding for leading businesses, today announced its Ireland Men One (I’M1) subsidiary, a lifestyle brand for men who take pride in their appearance, thrive on quality, and value what matters, signed a licensing agreement with Gravocore, the first intelligent, portable, joint-friendly mounted fitness training machine, launched in 2017 in an exclusive partnership with Amazon.


Why It Matters: Under the terms of the five-year agreement, Gravocore will pay I’M1 annual brand participation fees, as well as an 8% royalty on net sales of all licensed products sold under the I’M1 brand.


Key Quote: “Since launching in partnership with Amazon in 2017, Gravocore has received impressive customer testimonials and has been referred to as the ‘hottest new fitness equipment’ by Muscle & Fitness magazine. Gravocore is a great fit for I’M1, our millennial brand for men and the women who love them. We look forward to working with Gorgi Nikkaran, Gravocore’s founder and CEO and his incredible team in expanding the Gravocore brand in the global fitness equipment market.” Kathy Ireland®, Chairman Emeritus and Chief Brand Strategist of Level Brands.


The Backstory: Gravocore's internationally-patented double pulley, rope and harness system engages the whole body so even the most intensive, heart-pumping workouts won't leave unnecessary stress on vulnerable joints, tendons and ligaments. Almost anyone, at nearly any fitness level, can use Gravocore to increase strength, build muscles, and transform the entire body in as little as five minutes a day. Weighing less than seven pounds, Gravocore's portability and versatility make it ideal for home and travel workouts alike.


Disclosure

(Level Brands [NYSE: LEVB] is a client of RedChip Companies. LEVB agreed to pay RedChip a monthly cash fee and 5,000 shares of Rule 144 stock for four months of RedChip investor awareness services.)


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Digital Ally (NASDAQ: DGLY) Announces Stay in Watchguard Case Has Been Lifted, and Case Is Now Moving Toward Trial
 

Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial applications, is pleased to announce a significant development in its litigation against Enforcement Video, LLC (d/b/a WatchGuard Video). After successfully defeating all five inter partes review (“IPR”) challenges filed by both WatchGuard and Axon Enterprise, Inc. (“Axon” formerly known as TASER International, Inc.) with the United States Patent and Trademark Office, the Court has lifted the stay and will allow the litigation against WatchGuard to proceed, with no restrictions, towards trial. The parties have until December 2018 to finalize their discovery efforts and a Pretrial Conference has been set for April 9, 2019.


Why It Matters: WatchGuard fervently opposed any efforts by Digital Ally to conduct discovery relating to the issues of infringement and damages, but the Court denied this request. Digital Ally will now be allowed to fully conduct discovery into WatchGuard’s use of Digital’s patented technology and the revenue it has obtained from infringing the three asserted patents. Additionally, the Court also indicated that a ruling on the claim construction briefing in the Axon case is imminent. Once this ruling is issued it will trigger an existing scheduling order that will move the case to trial. If the Court’s order issues this month, as expected, both the Axon WatchGuard cases will be on similar schedules, moving quickly towards separate trials.


Key Quote: “This has been a long and trying battle as both Axon and WatchGuard have done everything they can to prevent these cases from moving forward. We have remained confident in the judicial system and patient with the process, and we are finally seeing movement towards the finish line. I hope that law enforcement agencies across the country will pay attention to these developments and consider the implications of these lawsuits and a potential injunction when equipping their officers with body cameras from companies that infringe our patents. Now that the stay has been lifted, we are looking forward to vindicating our position with a jury and having both Axon and WatchGuard answer for their conduct.” Stanton E. Ross, CEO, Digital Ally


The Backstory: Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial applications. The Company's primary focus is digital video imaging and storage. The Company is headquartered in Lenexa, Kansas, and its shares are traded on The Nasdaq Capital Market under the symbol "DGLY."


Disclosure

(Digital Ally, Inc. [NASDAQ: DGLY] is a client of RedChip Companies, Inc. DGLY agreed to pay RedChip Companies, Inc., a monthly cash fee for four (4) months of RedChip investor awareness services.)


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Spectrum Global Solutions (OTC: SGSI) Awarded Over $2.3M in New Contracts
 

Spectrum Global Solutions, Inc., (OTC: SGSI), a single-source provider of end-to-end next-generation wireless and wireline network services and staffing solutions to the service provider (carrier) and corporate enterprise markets, is thrilled to announce that it has received over $2.3 Million in new contract awards set to be realized during Q3 and Q4 2018 reporting periods.


Key Quote: "Our customers continue to deploy new network services and expand their coverage and offerings. Spectrum is able to support these deployments through our full suite of services across the nation. We are now targeting a pipeline of new opportunities with a revenue potential in excess of $135 million.” Roger Ponder, CEO


The Backstory: The newest contract awards include network audit, fiber deployment, structured cabling, fiber and small cell design services, and staffing solutions to support next generation wireless and wireline services across the United States. Management notes that this new work has already commenced through the Company’s AW Solutions and ADEX subsidiaries.


Why It Matters: This announcement follows a number of significant positive steps for the company over recent months, including nearly $8.8 million in new contract awards since April 1, approval by a Tier 1 wireless carrier for implementation of proprietary drone-based structural mapping technology services, and a major streamlining of the mechanical structure of the company’s issued equity through a reduction in outstanding common stock by over 216 million shares.


Disclosure

(Spectrum Global Solutions [OTC: SGSI] is a client of RedChip Companies, Inc. SGSI agreed to pay RedChip Companies, Inc. a monthly cash fee for six (6) months of RedChip investor awareness services.)


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Next Group Holdings (OTC: NXGH) Announces Name Change and Launch of New FinTech Services
 

Next Group Holdings (OTC: NXGH), a FinTech service provider delivering mobile banking, credit and telecommunications to the underbanked and underserved population, announced its corporate name and identity will change to Cuentas, Inc. The Company’s ticker symbol is expected to change to CUEN.


Why it Matters: The name Cuentas and associated FinTech product branding provide an invitation and connection to Spanish speaking communities in the US. The estimated 2015 Hispanic population in the US was greater than 56 million people and the total estimated underbanked and underserved US population is greater than 70 million people. These communities require a wide variety of financial, commercial and communications services to become part of the US economy and society, and to-date, these communities have been underserved by traditional providers.


Key Quote: “The Cuentas banking and consumer services should bring new financial and social benefits to the forgotten segments of the US population - namely the underbanked and under serviced populations, helping to bring them into mainstream commerce, banking and communications.” – Michael De Prado, President & Founder


What’s Next: Aligning its branding strategy with its target market is a key milestone for the Company and sets the stage for an aggressive product and service rollout that should positively impact revenue and earnings growth in the quarters ahead, building on the Company’s record revenue of $53.8 million in fiscal 2017.


Disclosure

(Next Group Holdings [OTCQB: NXGH] is a client of RedChip Companies, Inc. NXGH agreed to pay RedChip Companies, Inc. a monthly cash fee and $50,000 worth of Rule 144 stock for six months of RedChip investor awareness services and consulting services.)


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Esports Entertainment (OTCQB: GMBL) Appoints Senior Games Industry Executive to Advisory Board
 

Esports Entertainment (OTCQB: GMBL), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, announced the appointment of Magnus Leppäniemi, current Head of Key Account Management & Partnerships at esports pioneer DreamHack AB.


Why it Matters: Leppäniemi brings unique insight and experience to the GMBL team. At DreamHack, Magnus manages, acquires and grows strategic global accounts.  One main task has been to spearhead US sales by targeting, acquiring and developing new sales and customers.  He is also responsible for managing and supervising third-party sales channels, which includes synchronizing both external sales through the likes of ESL, the world’s largest esports company, and global esports companies such as VY Esports and Big Block LA, as well as, internal sales at MTG/Kinnevik, the publicly traded parent company of DreamHack with a current market capitalization of $US 2.75 Billion.


Key Quote: “For Esports Entertainment Group, this the right time to enter the space and deliver the additional experience, value and energy that trusted and responsible betting can provide between both fans and friends of Esports and Competitive gaming.  I look forward to helping Grant and his team grow their business within the Esports and Competitive gaming space.” – Magnus Leppäniemi


What’s Next: GMBL is in a great position to capitalize on a massive global opportunity in esports. They’ve assembled a large roster of affiliate marketers, both streaming companies and esports teams, and with the recent SCOTUS decision that allows states to legalize sports betting, the timing couldn’t be better.


Disclosure

(Esports Entertainment Group, Inc. [OTCQB: GMBL] is a client of RedChip Companies, Inc. GMBL agreed to pay RedChip Companies, Inc. a monthly cash fee for six (6) months of RedChip investor awareness services.)



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Green Spirit Industries (OTCQB: GSRX) Updates Progress of its CBD Manufacturing Operation
 

Green Spirit Industries (OTCQB: GSRX), a cannabis business with expanding operations in Puerto Rico and California, has taken important steps toward the commencement of operations of its cannabinoid (CBD) products manufacturing business in San Francisco, through its majority-owned subsidiary, Spirulinex.


Why It Matters: When fully operational, Spirulinex will extract and process concentrates using non-volatile methods, then process and formulate a variety of consumer products.  Spirulinex has developed an all-natural proprietary method of suspending cannabinoids in water to create aqueous solutions, thereby eliminating the need for oils, butter, or synthetic lipids, and will offer products in which cannabinoids are scientifically dosed for consistency and quality assurance. Spirulinex has a robust patent portfolio and continues to aggressively pursue protection for its innovations. Spirulinex has developed a slate of cannabinoid ingestibles that include drinkable vials, gummies and other edibles, a topical gel, sublingual dissolvables and its proprietary sublingual product DragonGlass Flake and Bake™.


Key Quote: “We are in the final stages of preparation leading up to start of operations.” - Dr. Sarah Rodriguez, Chief Scientist for Spirulinex


What’s Next: GSRX currently operates three medical cannabis dispensaries in Puerto Rico and one in California, with multiple additional dispensaries in various stages of build-out and licensing. Longer-term, the company plans to expand beyond dispensaries and manufacturing to include grow and cultivation operations, creating a truly vertically integrated company in the cannabis space. Led by the former Chairman and CEO of Macy’s Midwest, GSRX is expected to report robust growth in the quarters ahead.


Disclosure

(Green Spirit Industries [OTCQB: GSRX] is a client of RedChip Companies. RedChip Companies, Inc. received 1,000,000 registered shares of GSRX for consulting services and 50,000 shares for investor awareness services. Be advised RedChip intends to sell some or all of its shares at any time, including when you are buying.)



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Safeguard Scientifics (NYSE: SFE) Announces Sale of Partial Stake in MediaMath
 

Safeguard Scientifics (NYSE: SFE) completed the sale of 39.1% of Safeguard's ownership position in MediaMath Holdings. Inc. (MediaMath) to MediaMath for $45.0 million in cash.  The repurchase represents the equivalent of an implied cash-on-cash return of 4.5x on Safeguard's 39.1% ownership position in MediaMath, a global advertising and marketing technology leader. 


Key Quote: “The sale of a portion of Safeguard's MediaMath position is consistent with Safeguard's new business strategy of pursuing monetization opportunities, produces a significant cash-on-cash return, strengthens our balance sheet, enhances Safeguard's financial flexibility going forward and allows us to continue to participate in the future growth of MediaMath in a significant way.” – Brian Sisko, President & CEO


What’s Next: In January 2018, Safeguard began to implement a new business strategy designed to increase shareholder value.  Under the new strategy, Safeguard has ceased to deploy capital into new partner companies.  Safeguard remains focused on managing and financially supporting existing partner companies, with the goal of pursuing monetization opportunities and maximizing net proceeds distributable to shareholders.  Safeguard will consider the sale of individual partner companies, the sale of certain partner company interests in secondary market transactions, or a combination thereof, as well as other opportunities to maximize shareholder value.


 
 
 
 
 
Fear of Trade Wars Turned Small-Caps into the Latest Safety Play in 2018
 

Small-cap stocks have been strongly outperforming large caps since February and are expected to continue to outperform despite their relatively high prices.


Analysts still see plenty of upside for small caps simply because they are less exposed than larger companies to overseas markets, where U.S. companies may find their products taxed or other retaliation due to trade disputes.


"A lot of the money coming into small caps is generated by trade jitters. It's gotten to the point, where we can't keep hoping trade will go away as an issue. This is part of the reality that's coming out of Washington," said Lori Calvasina, chief U.S. equity strategist at RBC. An estimated $12 billion has flowed into small-cap ETFs since February.


"Small caps are like the teflon asset class. We initially saw the money rotating out of large caps in March. Then EM started to unwind, and you can see pretty clearly as money started to rotate out of emerging markets, small caps got a second wind," according to Calvasina. "Small caps right now are the safer risk trade."


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Alt 5 Sigma Sponsors NIBA's 144th Conference
 

Alt 5 Sigma, a startup that connects financial institutions to the cryptocurrency global markets through its fully-tested, commercial-ready platform, is a Silver Sponsor of the upcoming National Investment Banking Association's 144th conference, which will be held on July 16-17 in NYC. 


Why it Matters: Alt 5 Sigma offers FINRA and SEC registered broker-dealers the ability to provide cryptocurrency trading to their clients, as well as related back office services to safeguard cryptocurrencies. Alt 5 Sigma provides its clients with protection and safeguard by using only best practices in cyber security, integrity, cold storage, insurance coverage, compliance, and audited account reporting. Participation in the NIBA conference will give Alt 5 Sigma direct access to a wealth of broker-dealers, specialized investment brokerages, and other industry service providers, paving the was for new sales of its platform.


 
 
 
 
 
Quote of the Week
 
"You can't be right all the time, but you can surround yourself with honest people."
- John Pappajohn, Entrepreneur, Philanthropist, Business Leader
 
 
 
Green Spirit Industries (GSRX) Webinar
July 18, 2018 4:05 pm ET
 


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About RedChip
 
RedChip Companies, an Inc. 5000 company, is an international investor relations, media, and research firm focused on small-cap and mid-cap companies. Since 1992, RedChip has delivered concrete, measurable results for its clients through the most comprehensive service platform in the industry for small-cap and mid-cap companies. These services include a worldwide distribution network for its stock research written by analysts holding the CFA designation; retail and institutional roadshows in major U.S. cities; outbound marketing to stock brokers, RIAs, institutions, and family offices; a digital media investor relations platform that has generated over 2.3 million unique investor views; quarterly global online institutional and retail investor conferences that reach over 10,000 investors annually; "The RedChip Money Report" television show which airs in 100 million homes across the U.S. on The Family Channel; a weekly newsletter delivered to 60,000 investors; TV commercials in local and national markets; corporate and product videos; website design; and traditional investor relation services, which include press release writing, development of investor presentations, quarterly conference call script writing, strategic consulting, capital raising, and more.
 
RedChip Disclosure
 
RedChip Companies, Inc. research reports, company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in RedChip reports, company profiles, or other investor relations materials and presentations are subject to change. RedChip Companies and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time.
RedChip Visibility is a division of RedChip Companies, Inc. and offers research services to paying clients. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the RedChip Companies Inc. is an investor relations firm hired by certain Companies to increase investor awareness to the small-cap equity community.
Stock market investing is inherently risky. RedChip Companies is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print.
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