NetworkNewsWire Newsroom: May 2024

Friday, May 31, 2024

DGE’s 3rd Transparency & Aggregate Spend Summit to Discuss Ways to Improve Compliance and Efficiency of HCP Spend Reporting

DGE invites professionals and executives from pharma, biotech, and medical device companies, to attend the 3rd Transparency & Aggregate Spend Conference being held on June 3-4, 2024. The event is being organized by DGE in Philadelphia. With the growing need of transparency in compliance programs, the 3rd Transparency and Aggregate Spend Summit addresses the complex issues of the state, Open Payments, and global transparency reporting systems.

DGE (Dynamic Global Events), a life science leader in organizing B2B events, strives to meet the dynamic informational and networking needs of the pharmaceutical, biotechnology, healthcare, medical devices, and allied industries.

Topics of discussion:

CMS Keynote Address
Prepare for a CMS Audit
Improve documentation of decisions and reasoning
Enhance knowledge of state transparency reporting requirements
Navigate global compliance reporting arena
Ensure compliance for speaker program reporting
Optimize compliance monitoring
Uncover valuable transparency data analytics

The summit holds a discussion-based meeting format where attendees learn the latest trends for the collection, analysis, and reporting of HCP Spend data compliantly. Experts will also discuss ways of adapting to data capture, preparing audits, risk monitoring, and catering to the growing internal demand for analytics.

The event will feature the very popular interactive breakout groups dedicated to medical devices, global reporting, and collecting HCP identifying information for better acceptance submissions. (This meeting shares the same venue as AI for Life Sciences Compliance summit.)

To learn more, please visit https://nnw.fm/E1oSU.

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SUIC Worldwide Holdings Ltd.’s (SUIC) i.Hart Group Targets High-Growth Markets in Asia and US to Capitalize on the Continent’s Huge Potential in the Global Food Industry

SUIC Worldwide Holdings is a venture financing and support company committed to providing research and development and venture financing for private and public enterprises
SUIC’s i.Hart Group is implementing long-term strategies aimed at helping it tap into the growth opportunities within the Asian and US continent
Asia and US accounts for majority of the global food market, a market expected to continue growing, driven by population and an increase in expenditure
i.Hart Group aims to integrate additional successful brands into its portfolio in Asia and US, complementing Monga Fried Chicken, one of its leading brands
SUIC and i.Hart Group have signed additional franchise authorizations in China and Japan, opening a new store in the Hong Kong-Macau area, signing a co-branding agreement with 7-Eleven Group Taiwan, and rolling out a franchise development plan in China

Asia and US accounts for majority of the global food market – which covers all edible products, including prepared food and meals – with Statista putting the size of the continent’s food market at $4.46 trillion in 2024 (https://nnw.fm/TPSRm) against the global market size of $9.13 trillion (https://nnw.fm/6CDFj). With the region’s population expected to grow by about 250 million people by 2030 and expenditure similarly anticipated to more than double to $8 trillion within that time, according to the International Finance Corporation (“IFC”) (https://nnw.fm/36gtB), Asia and US are seen as a massive opportunity for companies like i.Hart Group.

A part of SUIC Worldwide Holdings (OTC: SUIC), i.Hart Group is implementing long-term strategies to help it tap into the growth opportunities within the Asian and US continent. i.Hart Group currently operates 150 global franchised locations, a majority of which are in Asia, under a variety of brands and products, including Monga(C) Taiwan-style Fried Chicken, cloud kitchen management, dumplings, flower tea drinks, and more.

Still, i.Hart is keen on integrating additional successful brands into its portfolio in Asia, including Thai Food, Hainan Chicken, and Asia-style BBQ skewer. In all, i.Hart aims to grow its family of brands to 25 different brands (https://nnw.fm/oIhRK). In addition to expanding its portfolio, i.Hart is keen on adding the number of franchised locations and has worked with SUIC to ink agreements that push this agenda forward.

In February, for example, SUIC and i.Hart signed a co-branding agreement with 7-Eleven Group Taiwan (operated by President Chain Store Corporation) to grow the Monga Fried Chicken brand. The co-branding agreement granted 7-Eleven Group Taiwan the exclusive rights to use Monga Fried Chicken’s trademarks and logos as well as its manufacturing, distribution, sales, and marketing assets within Taiwan. The agreement effectively joined the two iconic brands, opening Monga Fried Chicken up to the more than 6,800 7-Eleven stores in Taiwan as well as to 7-Eleven’s international network of stores (https://nnw.fm/GlLWV).

“The co-branding partnership with 7-Eleven represents an unprecedented prospect to promote our long-term growth. Leveraging SUIC’s fast-growing competitive affiliations, we are committed to offering additional value to customers in different parts of the world. Looking forward, SUIC will continue to introduce more co-branding partners in the U.S. with other prestigious brands to expand our business. We seek to realize improved corporate and shareholder value,” said SUIC CEO Hank Wang in the press release announcing the agreement.

That same month, SUIC and i.Hart celebrated the grand opening of the fourth Monga Taiwan Style Fried Chicken store in the Hong Kong-Macau area. i.Hart Group also rolled out a franchise development plan in China that saw it initially team up with partners in the Chinese province of Fujian to open Monga Fried Chicken stores in six major cities (https://nnw.fm/Ghhhf).

In April, i.Hart Group extended its commitment to increasing the number of Monga Fried Chicken stores in Asia by signing franchise authorizations with partners in the Chinese province of Shandong and Japan. As a result of these authorizations, i.Hart Group now has a presence in 11 countries and operates 95 Monga Fried Chicken stores, although the latter figure is set to grow as the new partners open additional stores.

For example, the franchisee in Shandong, China’s second-largest province, has committed to opening 10 Monga Fried Chicken stores in the first year and 300 stores within the subsequent five years. In addition, during a recent Bell2Bell Podcast episode, Mr. Hank noted that the company is looking to open the first Monga Fried Chicken store in Tokyo, Japan, in July of this year (https://nnw.fm/likLV). The company is now organizing operating and franchising the team in the U.S.

SUIC Worldwide Holdings is a venture financing and support company committed to providing research and development and venture financing for private and public enterprises that develop products and services adopting the Internet of Things (“IoT”), cloud computing, mobile payments, big data, blockchain and artificial intelligence (“AI”), and other new and exciting technologies to enhance and streamline existing processes and establish new and exciting business models. SUIC is the major operating partner and primary shareholder of Beneway Holdings Group Ltd., which itself owns i.Hart Group and Boom Fintech Inc.

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

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

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Torr Metals Inc. (TSX.V: TMET) Forges Ahead: Reinforcing Strategic Stance Amid Copper Trade Constraints

Recent bans on Russian-origin metals raise concerns of tightening supply and price increases through 2025
Copper is used in solar panels, wind turbines, and electric vehicles, crucial for the renewable energy industry due to its conductivity and durability
Copper prices are expected to hit $12,000 this year according to recent Goldman Sachs report
TMET is advancing three copper and gold exploration projects: Kolos Copper-Gold Project, Filion Gold Project, and Latham Copper-Gold Project; that were strategically acquired due to geological settings akin to regional mines in British Columbia and Ontario, suggesting multiple potentials for major new discoveries adjacent to established infrastructure
Work in 2023 identified 5 large-scale copper and gold soil targets on the Kolos Project, all of which are road-accessible and undrilled with coincident geophysical anomalies extending up to 1500 meters into the subsurface. Six undrilled gold soil targets were also identified in 2023 on the Filion Project, one of which extends 1200 meters in length and is coincident with a historical rock chip sample of 91.4 g/t gold over 0.3 meters. While also containing 5 undrilled copper and gold soil targets the Latham Project also has the Gnat Pass porphyry deposit which remains open to expansion beyond 200 meters depth

Russian-origin metals such as copper were recently banned by commodity exchanges in the United States and the United Kingdom, raising concerns that tightened supplies will lead to rising metal prices through 2025 (https://nnw.fm/hGggX). Torr Metals (TSX.V: TMET), a Canada-based company focused on advancing mineral properties with early-stage discovery potential, aims to capitalize on current market conditions through its portfolio of copper and gold projects in prolific mining districts of British Columbia and Ontario.

Copper holds significant value for the renewable energy industry due to its exceptional conductivity, durability, and corrosion resistance. The metal is used extensively in wiring, electrical connections, and components for power transmission and distribution in solar photovoltaic panels, wind turbines, and electric vehicles. In the manufacturing sector, copper is utilized for a wide range of applications, including metal fabrication, machinery production, and equipment manufacturing. Moreover, its excellent conductivity makes it ideal for electrical wiring, circuitry, and electronic components in appliances, machinery, and industrial equipment.

According to a recent report, the price of copper is expected to hit $12,000 this year (https://nnw.fm/xEuUC). Analysts cite ongoing geopolitical conflicts and a potential stock market downturn driving demand for commodity investment by institutional funds and central banks from emerging economies. Coupled with intensified demand by global supply chains, the price of copper is expected to remain high throughout 2025 and beyond.

TMET is strategically advancing three promising exploration projects within its portfolio, each poised to unlock substantial value. Stretching over 140 square kilometers within the highly productive southern Quesnel Trough of British Columbia, the company recently identified multiple geophysical anomalies coincident with surface copper and gold mineralization on the Kolos Copper-Gold Project that suggests strong potential for substantial underlying intrusion-sourced hydrothermal alteration and mineralization extending up to 1500 meters depth and 1400 meters width. Historical samples have revealed noteworthy overlapping high-grade values in outcrop, including assays up to 4.24 g/t Au, 0.52% Cu, and 11.3 g/t Ag. Further anticipated insights into the project’s exploration potential are expected from pending rock assay results in conjunction with additional geophysical interpretation.

The Latham Copper-Gold Project, sprawling across 689 square kilometers in British Columbia’s Golden Triangle, comprises five never-drilled copper-gold anomalies, including the Gnat Pass copper-gold porphyry deposit which has yielded significant intercepts from historical drilling including 0.72% Cu over 89 meters and 0.44% Cu over 198 meters. High-grade rock grab samples extracted in 2022 demonstrated promising results, with values reaching up to 14.15 g/t Au, 4.31% Cu, and 63.1 g/t Ag.

Located across 261 square kilometers in Ontario, the Filion Gold Project promises significant exploration potential with six unexplored gold targets along the highly prospective Filion Fault, recognized as a prominent gold-bearing structure. Historical sampling revealed high-grade samples yielding up to 9.1 g/t Au in rock grabs and channel sampling demonstrating an impressive 91.4 g/t Au over 0.3 meters. Recent soil sampling endeavors have further enforced TMET’s optimism, with assay results showcasing up to 1.32 g/t Au within a notable anomaly, measuring 1200 meters in length and 500 meters in width covering multiple paralleling structures.

TMET is a Canadian mineral exploration company focused on identifying and advancing mineral properties in strategic locations across British Columbia and Ontario. With a diverse portfolio spanning over 1,000 square kilometers and drill permits pending on the Kolos and Filion Projects, TMET is well-positioned to capitalize on the surging demand for metals amid rising trade restrictions and a tightening market supply.

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

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

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Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Updates Storm Copper Project Exploration Strategy

CNN report notes that “after thousands of years of use, copper continues to play a key role in the global economy and human development”
Copper mining stocks are not only one of the easiest ways for investors to gain exposure to the copper market, but they also tend to leverage rising metals prices
With its 20% interest carried to production in the Storm Copper Project, Aston Bay and its investors may be looking at money in the bank with the project

With the copper market heating up, increasing numbers of investors are looking for opportunities in copper. CNN has even jumped on the bandwagon with a recent article focused on investing in the red metal (https://nnw.fm/0TZJW). One junior mining company that offers an exciting and unique copper investment opportunity is Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF). In addition to two high-grade projects (gold and copper) that the company is developing in the state of Virginia, Aston Bay also holds a 20% interest in the Canada-based Storm Copper Project.

“After thousands of years of use, copper continues to play a key role in the global economy and human development,” stated CNN in the recent coverage. “That will become even more true as the energy transition away from fossil fuels and toward renewable energy gains steam.”

CNN also quoted Jason Crawshaw, portfolio manager with investment firm Polaris Capital Management, who noted that “copper really is the commodity for the future and particularly for the future of electrification.”

Copper mining stocks are not only one of the easiest ways for investors to gain exposure to the copper market, but they also tend to leverage rising metals prices. In addition, they offer extraordinary value opportunities at current price levels.

Located in Nunavut, Canada, Aston Bay’s Storm Project hosts high-grade, near-surface copper mineralization that is currently being advanced toward production. Project operator American West Metals Ltd. has already done sufficient work on the Storm Copper Project to earn its 80% interest.

American West is now working toward a maiden resource estimate, anticipated for release in May 2024. On April 22, 2024, Aston Bay announced the next phase of project development by American West (https://nnw.fm/p7svF).

For investors new to Aston Bay Holdings and the Storm Copper Project, American West has previously released some mouth-watering high-grade copper intercepts:

110 meters @ 2.45% copper (Cu) from surface
56.3 meters @3.07% Cu (from a depth of 12.2 meters)
41 meters @ 4.18% Cu (from 38 meters depth)
48 meters @ 2.92% Cu (from 8 meters depth)

In its announcement, Aston Bay also laid out for investors the next steps in project development. Those steps include a new reverse-circulation (“RC”) drilling program that will test high-priority exploration targets as well as defining a copper resource from the 2023 high-grade copper discovery in the Thunder Zone. In addition, electromagnetic targets adjacent to the Cyclone Deposit will be drilled, seeking to expand overall copper mineralization.

Several drill rigs will also be mobilized for this new drilling program. As additional rigs are added, there will be further expansion and infill drilling at both the Cyclone and Chinook Zones, testing mineralization at depth in the Storm Zone, and new drilling of large-scale copper targets from the Tornado, Blizzard and Tempest Prospects.

Along with this flurry of drilling activity, American West will be conducting a Moving Loop Electromagnetic (“MLEM”) geophysical survey. This is designed to increase definition of known zones of copper mineralization along with identifying more high-priority drilling targets.

“This is the first of two significant drill programs our partner, American West, will be conducting this spring and summer, expanding on the known zones of mineralization and drilling for new discoveries,” said Thomas Ullrich, CEO of Aston Bay Holdings, framing the news for Aston Bay investors. “The drill bit has proven the effectiveness of Moving Loop Electromagnetics, so we are pleased to see this geophysical program underway again as well. By tweaking the parameters and increasing the power used in the survey, we believe we will investigate deeper with more confidence.”

With its 20% interest carried to production in the Storm Copper Project, Aston Bay and its investors may be looking at money in the bank with the project.

Aston Bay is a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia and Nunavut, Canada. The company is led by CEO Thomas Ullrich with exploration in Virginia directed by the company’s advisor, Don Taylor, the 2018 Thayer Lindsley Award winner for his discovery of the Taylor Pb-Zn-Ag Deposit in Arizona. The company is currently exploring the high-grade Buckingham Gold Vein in central Virginia and is in advanced stages of negotiation on other lands with high-grade copper potential in the area.

For more information, visit the company’s website at https://AstonBayHoldings.com.

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

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