GivBux Inc. (GBUX) Is ‘One to Watch’

 

• GivBux in October 2023 announced utility payments, international merchant payments and biometrics as new features in the latest release of its GivBux Super App
• That same month, the company expanded its ‘It Pays to Give’ policy to include advertising revenue sharing for Super App users
• Also in October 2023, GivBux named Umesh Singh as President and Michael Arnkvarn as Vice President of International Business Development
• In August 2023, the company launched its innovative super app after four years of development and testing

GivBux (OTC: GBUX) is a publicly traded super app and charitable giving platform. The company is creating a sharing economic community of brands and consumers in which consumers have an easier and more convenient way to shop and buy, merchants have a more efficient and profitable way to advertise, and charities receive built-in contributions from the community’s transactions.

The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly at over 100 national retailers, along with an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed toward a charity of their choice, embodying GivBux’s commitment to giving back. Additionally, the app is evolving to include numerous functionalities like social networking, e-commerce, banking, messaging, food delivery and transportation, following the super app model.

GivBux is forging a new path in charitable giving, with aspirations to build the largest community of givers in the United States, and eventually globally. The company believes it is uniquely positioned to make a major contribution to society by overlapping the worlds of commerce and philanthropy.

The GivBux Super App is currently available for free on the Google Play Store and the Apple App Store.

The company is headquartered in Newport Beach, California.

Products

The company, through wholly owned subsidiary GivBux Global Partners Inc., is engaged in the fintech mobile wallet sector, specifically as a point-of-sale payment system by means of a consumer mobile wallet. GivBux uses smartphone technology to bridge consumers and merchants together without the need for traditional plastic cards or paper cash.

The GivBux mobile app has been designed to store, send and receive funds; donate; and make real-time purchases at top retail brands, restaurants and other venues. The brands benefit, because they are empowered with a data-rich marketing tool to reach and retain consumers through their mobile phones.

With GivBux, recipients can use funds instantly by paying with their mobile phones at thousands of locations. GivBux rewards all users for using the app every time they make a purchase and every time their friends, friends of friends and stranger friends make purchases with the GivBux mobile wallet. These rewards can be redeemed for cash to pay at participating retail stores, restaurants, cinemas, entertainment venues and more.

Moreover, GivBux allows users to contribute to a charity or worthy cause of their choice. To encourage giving and recommendations, a trending ‘Top 10 List’ of all charities will be generated and displayed on the mobile wallet based on ongoing contributions by GivBux users.

Market Opportunity

A report from Future Market Insights, a New York-based market research organization, estimated the worldwide mobile wallet market at $9.5 billion in 2023. The report projects that in 2024 the industry is likely to reach a valuation of $11.9 billion, and, by 2034, the mobile wallet market is forecast to grow to a value of $138.5 billion, achieving a CAGR of 27.8% over the forecast period.

Key market growth drivers include payment convenience, transaction security and continuing technological innovation. The report points out that mobile wallet payments are widely accepted worldwide, fueled by a rise in digital transactions and a growing use of mobile phones for simple and effective payment options. Innovations like blockchain integration, contactless payments and artificial intelligence are improving functionality and user experience while staying ahead of rapidly evolving digital payment trends, according to the report.

Management Team

Umesh Singh is President and Director at GivBux. He is a Certified Professional Accountant (Canada) with more than 25 years of experience in accounting and finance. He began his career at PwC before joining Hayes Stuart Little & Company (now Grant Thornton), where he was Senior Accountant-Manager and later Partner. Prior to being named GivBux president, he was a member of the GivBux Advisory Board for more than three years.

Michael Arnkvarn is Vice President of International Business Development at GivBux. He has over 30 years of experience in management, sales and marketing. He managed several medium and large agribusiness and environmental businesses before founding Collagenna Skin Care Products, a natural health products and cosmetics company, in 2004. He has been CEO of multiple public small-cap companies and co-founder of a start-up cannabis company that eventually sold for more than $800 million.

For more information, visit the company’s website at www.GivBux.com.

NOTE TO INVESTORS: The latest news and updates relating to GBUX are available in the company’s newsroom at https://nnw.fm/GBUX

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.

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Diamond Lake Minerals Inc. (DLMI) Continues to Leverage Tokenization to Open New Opportunities for Investors Globally

 

• DLMI, a multi-strategy operating company, is tapping into expanding digital securities and global blockchain industries by asserting itself as a trusted authority in the tokenization space
• In an interview with Proactive’s Stephen Gunnion, Brian J. Esposito, DLMI’s CEO, noted how tokenization is redefining investing by opening up global markets to real-world assets
• He reiterated his goal to build strong earnings, provide shareholder value with sustainable, healthy growth, and grow the DLMI brand

Diamond Lake Minerals (OTC: DLMI), a multi-strategy operating company specializing in the development and support of digital assets and SEC-registered tokens, is looking to capitalize on the growing digital securities market, with tokenization projected to reach over $16 trillion by 2030 (https://nnw.fm/iES2U). It also plans to make the most of the growing global blockchain market, expected to hit $38.7 billion by 2025. The company is working to achieve this and more by doubling down on tokenization and asserting itself as a trusted authority in the tokenization space.

In an interview with Proactive’s Stephen Gunnion, Brian J. Esposito, DLMI’s CEO, reiterated how tokenization redefines investing by opening up global markets to real-world assets previously inaccessible to many investors. In addition, he noted the benefits of blockchain technology, comparing it with the challenges of traditional investment mechanisms, specifically in the real estate sectors.

“With technology and blockchain and everybody having a smart device, they have access to possibly buying into real-world assets and things that they never had the opportunity to buy into before,” noted Mr. Esposito (https://nnw.fm/IbyQz). 

In the interview, Esposito noted how tokenization could democratize access to investment opportunities, ultimately creating liquidity and potentially enabling wealth generation for an even bigger fraction of the global population. He emphasized the importance of doing all this within the confines of the law, noting how DLMI does not look for grey areas to fulfill its mandate to customers and investors. Instead, Esposito welcomed the scrutiny that comes with regulation and regulatory bodies, noting that they are necessary for ensuring the safety and security of these new technological advances.

Esposito joined DLMI in August 2023, having had an illustrious and successful career thus far. Adria Management, LLC ranked him among the world’s top 10 CEOs for 2020, 2021, and 2022 in The World CEO Rankings Awards. While making his announcement upon joining DLMI, Esposito noted that his goal at the company would be to build strong earnings, provide shareholder value with sustainable healthy growth, and grow the brand into one of the highest-coveted securities in the market (https://nnw.fm/3wH28).

In his interview with Gunnion, Esposito reiterated these goals, expressing his confidence in DLMI’s offering and its potential to assert the company as a market leader. DLMI has been described as “a company to watch” for good reason. Its value proposition is unique, it offers incredible value, and its market positioning is excellent. As the company continues leveraging tokenization and opening new opportunities for investors globally, DLMI affirms its commitment to shareholders while asserting itself as a frontrunner in its space.

A major step for the company was taken in February 2024, when DLMI announced a strategic investment in Avrio Worldwide to secure Avrio’s registered digital financial market infrastructure for the tokenization of digital assets across the DLMI network of companies. Avrio is essentially the financial services technology engine that will enable the DLMI network across a wide range of industries, unlocking access to liquidity and value for investors through a registered platform.

“AVRIO is the parent of several companies delivering licensed digital financial market infrastructure and services across public, private, and digital markets. Avrio’s ATS technology, Arkonis, is designed to be used by the operators of private markets that facilitate the issuance and secondary trading of securities and includes: a Quotation Bureau, a Transfer Agent, and a Qualified Matching Engine for LP investors. Avrio’s public market technology includes: an API farm for exchange management (‘EM’), order management (‘OM’), portfolio management (‘PM’), and client management (‘CM’) – and routes to global public markets. Avrio’s NFT technology provides exchange access and capabilities to trade digital asset securities and collectibles.” (https://nnw.fm/v8mHD).

For more information, visit the company’s website at www.DiamondLakeMinerals.com or LinkedIn page at www.LinkedIn.com/company/Diamond-Lake-Minerals/.

NOTE TO INVESTORS: The latest news and updates relating to DLMI are available in the company’s newsroom at https://nnw.fm/DLMI

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.

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D-Wave Quantum Inc. (NYSE: QBTS) Announces Financial Results and Operational Updates for Q4 and Full Year Ending December 31, 2023

 

• Bookings and revenue for the full year, as well as Q4 YOY, showed significant increases, with a number of operational and technical developments and market achievements
• Key additions to the leadership team include Lorenzo Martinelli as Chief Revenue Officer and Dr. Trevor Lanting as Chief Development Officer. Sec. Kirstjen Nielsen, former Secretary of Homeland Security, has joined the Board of Directors
• D-Wave’s current commercial product offerings include Advantage(TM), its fifth-generation quantum computer, the Leap(TM) quantum cloud service, the Launch(TM) quantum computing onboarding service, the Ocean(TM) suite of open-source programming tools, and the Quantum QuickStart(TM) quantum programming training

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in commercial quantum computing systems, software, and services, recently announced financial results for its fourth fiscal quarter and year ending December 31, 2023. D-Wave also hosted a conference call on Thursday, March 28, 2024, discussing the company’s financial results and business outlook. Chief Executive Officer Dr. Alan Baratz and Chief Financial Officer John Markovich participated in the call on behalf of the company.

“Our momentum is undeniable. From our commercial traction to substantive product advancements, from our ground-breaking scientific milestones to new strategic partnerships — we believe all these achievements are propelling us forward to solidify D-Wave’s position as the commercial quantum category builder and leader,” said Dr. Baratz (https://nnw.fm/qg5X2).

The company’s financial results and business outlook cover the fourth quarter and full year ending December 31, 2023, including key leadership appointments, company collaborations, and more. Details on the call can be found on the company’s investor page (https://nnw.fm/LAgzb).

As covered in the earnings call, D-Wave has achieved significant business and technical developments. D-Wave has also made key additions to its leadership team, including appointing Lorenzo Martinelli as Chief Revenue Officer and Dr. Trevor Lanting as Chief Development Officer. Kirstjen Nielsen, former Secretary of Homeland Security, has joined D-Wave’s Board of Directors.

A recently announced strategic collaboration with Zapata AI aims to advance quantum-enabled machine learning, focusing initially on quantum generative AI models for material and molecule discovery. In addition, D-Wave has made progress with customer applications deployed in employee and driver scheduling, with more applications nearing production deployment. New and renewed customer engagements include agreements with Bridgestone Corp., Ford Otosan, and others, while partnerships with NEC Australia and Deloitte Canada aim to further accelerate the adoption of quantum computing solutions.

Financially, D-Wave has seen growth in bookings, revenue, and customer base, with consecutive quarters of year-over-year growth. The company ended fiscal year 2023 with $41.3 million in cash and raised $98.1 million in capital. Guidance for fiscal year 2024 anticipates a reduction in adjusted EBITDA loss compared to 2023 and expects first-quarter bookings to reach at least $4.3 million.

For more information, visit the company’s website at www.DWaveQuantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://nnw.fm/QBTS

Forward-Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. Forward-looking statements in this press release include, but are not limited to, statements regarding fiscal year 2024 guidance. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including; the company’s ability to raise funds under the ELOC or meet the conditions necessary to draw on the third tranche of the PSP Loan; general economic conditions and other risks; the company’s ability to maintain and expand the company’s customer base and the customer adoption of its solutions; risks within D-Wave’s industry, including anticipated trends, growth rates, and challenges for companies engaged in the business of quantum computing and the markets in which they operate; the outcome of any legal proceedings that may be instituted against the company; risks related to the performance of the company’s business and the timing of expected business or financial milestones; unanticipated technological or project development challenges, including with respect to the cost and/or timing thereof; the performance of the company’s products; like its hybrid solvers and software like “zero downtime deployment”; the effects of competition on the company’s business; the risk that D-Wave will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that D-Wave may never achieve or sustain profitability; the risk that D-Wave is unable to secure or protect the company’s intellectual property; volatility in the price of its securities; the risk that the company’s securities will not maintain the listing on the NYSE; and the numerous other factors set forth in D-Wave’s Form 10-K for its fiscal year ended December 31, 2023 filed on March 29, 2024. Any such forward-looking statements represent management’s estimates as of the date of this press release. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to the company on the date hereof. The company undertakes no duty to update this information unless required by law.

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)

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Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://www.NetworkNewsWire.com/Disclaimer

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