| Medalist Diversified REIT (NASDAQ: MDRR) Completes Acquisition of Ashley Plaza in Greensboro |
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Medalist Diversified REIT (NASDAQ: MDRR), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Southeast region of the U.S., completed the acquisition of Ashley Plaza, a 160,356 SF regional shopping center located in Greensboro, North Carolina, for a purchase price of $15.2 million.
Why It Matters: Ashley Plaza is this first of three new properties the company plans to acquire in the second half of 2019. The shopping center is 98% occupied and anchored by Hobby Lobby, Planet Fitness, Ashley HomeStore, and Harbor Freight Tools, with several other regional and local tenants in the center.
Key Quote: “We believe this is an attractive shopping center located in the area’s main retail corridor. The property has a very strong rent roll and should be accretive to the REIT from day one of ownership.” – William Elliott, Vice Chairman and President
The Backstory: MDRR’s strategy is to focus on value-add and opportunistic commercial real estate which is expected to provide an attractive balance of risk and returns. The company utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions. MDRR seeks to maximize operating performance of current properties by utilizing a hands-on approach to property management while monitoring the middle market real estate markets in the southeast for acquisition opportunities and disposal of properties as considered appropriate.
Watch our latest interview with MDRR CEO Tim Messier to learn more.
Disclosure
Medalist Diversified REIT (MDRR) is a client of RedChip Companies, Inc. MDRR agreed to pay RedChip Companies, Inc. a monthly cash fee for four (4) months of RedChip investor awareness services.
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| Digital Ally (NASDAQ: DGLY) Issued Patent for Law Enforcement Breathalyzers |
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Digital Ally (NASDAQ: DGLY), which develops, manufactures and markets advanced video recording products for law enforcement, emergency management, fleet safety and security, expanded its patent portfolio with the addition of a patent for a device and software to interface with breath analysis devices and the Company’s digital video recording devices to capture meta-data for law enforcement officers when conducting traffic stops.
Backstory: Meta-data captured, like Blood Alcohol Content (BAC), will be overlaid onto the video captured by either the in-car video system or body-worn camera. The patent will aid in authenticating, preserving, and presenting the process and results of the breath analysis test in court, which are subject to human error. The patent is an expansion of Digital Ally’s patented VuLink, automatic activation technology. This innovative technology will allow for activation of the Company’s recording devices when a breath analysis device is activated.
Key Quote: “We are very excited to continue to expand our patent portfolio to include the ‘732 Patent and to build on our patented VuLink technology. Along with the release of EVO-HD, our newest in-car video system, the ‘732 Patent solidifies our foothold in the law enforcement industry for many years to come.” – Stan Ross, CEO
The Background: DGLY specializes in the design and manufacture of the highest quality video recording equipment and video analytic software. The company pushes the boundaries of technology in industries such as law enforcement, emergency management, fleet safety and security. DGLY’s complete product solutions include in-car and body cameras, cloud and local management software, and automatic recording technology, and its products are sold by domestic direct sales representatives and international distributors worldwide.
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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| ChineseInvestors.com (OTCQB: CIIX) Reports 175% Sales Growth in Fiscal 2019 |
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ChineseInvestors.com (OTCQB: CIIX), a premier provider of financial news and education for the Chinese-speaking community, reported a 175% year-over-year increase in revenue for FY 2019.
Why It Matters: The Company reported overall revenue of $6.5 million for the year ended May 31, up from $2.4 million in FY 2018, largely attributable to a $3.8 million increase in sales revenue from industrial hemp and CBD liquor products, including new products introduced in China by the Company's subsidiary, CBD Biotech.
Key Quote: “We have seen significant growth in revenues this year, primarily attributable to the Company's CBD consumer products line in Asia. While we have been strategically focusing on industrial hemp and CBD sales, we are pleased with the progress we have seen in our legacy businesses, financial news, education subscriptions, and investor relations, where we are re-focused on organic growth. We expect to see the full result of these efforts in FY 2020.” – Warren Wang, CEO
The Backstory: Founded in 1999, ChineseInvestors.com endeavors to be an innovative company providing: (a) real-time market commentary, analysis and educational-related services in Chinese language character sets (traditional and simplified); (b) advertising and public relations-related support services; and (c) sales of industrial hemp products and other health and wellness products.
Disclosure
ChineseInvestors.com, Inc. (OTCQB: CIIX) is a client of RedChip Companies. CIIX pays RedChip a monthly cash fee for twelve (12) months of investor awareness services.
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| SinglePoint’s (OTCQB: SING) Direct Solar to Be Solar Provider for First of Its Kind Hemp Distribution Center |
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Direct Solar, a subsidiary of SinglePoint (OTCQB: SING), is planning along with GSX International Group and other larger corporations a first of its kind hemp distribution center. Direct Solar of America will provide all energy solutions to production and distribution centers along with energy solutions to independent farmers in the co-op. Additionally, Direct Solar of America will facilitate the selling or assigning of ITCs between the farmers and centers or other third parties.
Why It Matters: The opportunity to expand into the hemp market represents an opportunity to enter a market that is projected to be a multi-billion-dollar market in just a few short years. An organization that can effectively combine the resources of small hemp farmers and establish centralized processing and distributions centers could corner the market on hemp processing for the foreseeable future. Combined with the current tax incentives offered through ITCs and Opportunity Zones, organizations that can access both will stand to reap the biggest profits.
Key Quote: “Our services will offer an extremely unique value add that cannot be easily replicated. This will create a natural barrier to entry for other competitors in the future, thus giving us a long-term competitive advantage. Additionally, the solution will provide almost instant stability to the hemp market while generating substantial profits.” – Pablo Diaz, CEO of Direct Solar
The Backstory: SinglePoint subsidiary Direct Solar America is a solar energy brokerage with more than 3,500 home installations, which has enabled residential solar customers to shop for options in order to find the best option for the home. Like Rocket Mortgage or Lending Tree, Direct Solar representatives provide homeowners with a variety of financing and service providers; this has made the process of buying solar much easier for homeowners. Direct Solar is operational in eight states and continues to expand its residential solar footprint. Direct Solar Commercial serves customers that own and/or manage commercial properties. Along with Direct Solar Capital, an alternative energy financing solution, commercial projects have access to $50,000 to $3 million in funding for solar installations.
To learn more about SinglePoint, watch our recent interview with Chairman and CEO Greg Lambrecht.
Disclosure
SinglePoint, Inc. (OTCQB: SING) is a client of RedChip Companies, Inc. SING agreed to pay RedChip Companies, Inc. a monthly cash fee for RedChip investor awareness services and consulting services.
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| eMARINE Global (OTC: EMRN) Awarded Renewal of Maintenance Contract for Anti-Submarine Warfare Team Trainer |
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eMARINE Global (OTC: EMRN), a leading provider of information and communications technology (ICT) for the maritime industry, signed a contract with the Republic of Korea Navy for the maintenance of its Anti-Submarine Warfare Team Trainer (ASWTT) at the Jin-Hae Naval Base. The contract is valued at an estimated 920 million won (US$0.76 million).
Why It Matters: eMARINE has maintained the ASWTT virtual reality simulator, used to simulate battles between warships and submarines, since 2017. The simulator technology was developed by Sindel, an Italian technology company.
Key Quote: “Our success and track record of excellence in providing maintenance for the ASWTT system, combined with good customer references, places eMARINE in an advantageous position to secure work on the second ASWTT installation planned for the Dong-Hae Naval Base. The new installation at Dong-Hae, scheduled to start in early 2020, is budgeted at 23 billion won (US$19 million) over two years.” - Ung Gyu Kim, Chairman and CEO
The Backstory: Founded in 2001 and based in South Korea, eMARINE Global is working with a growing base of marquee customers to achieve maritime ICT convergence through fully integrated products and services, offering state-of-the-art e-navigation, marine Internet of Things (IoT), and marine big data solutions, primarily in Korea with near-term expansion into U.S. and Chinese markets.
Disclosure
eMARINE Global (OTC: EMRN) is a client of RedChip Companies. RedChip Companies, Inc. owns 613,000 shares of EMRN common stock.
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| Quote of the Week |
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"Get to know management, look for intelligence, a high level of integrity, strong communication skills and make sure they understand their products and business well."
- Charles Diker, Diker Management |
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| About RedChip |
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| 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. |
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| RedChip Disclosure |
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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.
We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov and view RedChip’s Disclosures. |
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