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Monday, May 2, 2022

Golden Matrix Group Inc. (NASDAQ: GMGI) Is ‘One to Watch’

Golden Matrix’s common stock began trading on the Nasdaq on March 17, 2022
The company achieved record revenues of $8.88 million in the quarter ended January 31, 2022, marking a year-over-year increase of 355%
Golden Matrix reported net income for the quarter ended January 31, 2022, of $349,379, versus $52,158 one year earlier
Golden Matrix has delivered exceptional growth over the years, with 14 consecutive profitable and cash flow positive quarters
Golden Matrix has a solid balance sheet and intends to make accretive and synergistic acquisitions in the coming months, with all targeted acquisitions to be profitable and cash positive
Golden Matrix in March 2022 announced it has applied for a gaming permit in Mexico and expects to offer iGaming and launch the RKings tournament platform there
GMGI currently supports over 500 unique casino brands and over 6 million players

Golden Matrix Group (NASDAQ: GMGI), based in Las Vegas, Nevada, is an established gaming technology company that develops and owns online gaming IP and builds turnkey online casino solutions for gaming operators as well as configurable and scalable white-label gaming platforms for international customers, located primarily in the Asia-Pacific region. GMGI’s gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company’s platform can be accessed through both desktop and mobile applications.

GMGI’s sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with U.S. law.

Golden Matrix, through a subsidiary, also runs a pay-to-enter prize competition in the United Kingdom and Ireland.

The company’s shares began trading on the Nasdaq under the symbol ‘GMGI’ on March 17, 2022. Golden Matrix shares were previously traded on the OTCQX Best Market.

For the quarter ended January 31, 2022, the company reported revenue of $8.88 million, an increase of 355% over the same quarter one year earlier. Net income for the three-month period was $349,379, up from $52,158 a year earlier. It was the company’s 14th consecutive profitable quarter.

In December 2021, Golden Matrix announced it had entered into a purchase agreement to acquire a controlling ownership interest in UK-based RKingsCompetitions Ltd., one of Ireland’s and the United Kingdom’s leading independent online competition companies. RKings presents customers with paid and free entry routes to competitions that offer a range of prizes, including residential properties, luxury and exotic motor vehicles, holiday packages, technology packages and cash. The competitions are currently open only to residents of Ireland and the United Kingdom. Golden Matrix acquired an 80% ownership interest in RKings for cash and stock. The company also secured an option to purchase the remaining 20 percent interest of RKings, subject to certain requirements.

In March 2022, Golden Matrix announced it had applied for a Mexican gaming permit and, once approved, expects to offer online gaming in Mexico as well as roll out the RKings tournament business globally.

Technology

Golden Matrix Group develops fully operational online casino turnkey solutions as well as highly modular, configurable and scalable gaming platforms for its international customers in an effort to promote user acquisition, engagement, retention and monetization. The provided white label gaming platform is unparalleled in both mobile and desktop website deployment, proving compatible throughout all major operating systems and web browsers. In addition, the platform enhances the client’s ability to cater to various gaming scenarios including but not limited to transaction management and a range of loyalty and reward programs. Moreover, user engagement is optimized through the ability to accommodate both free and paid games.

The company’s GM-X System (and recently its next generation GM-Ag System) is considered the industry standard, granting access to over 10,000 games from more than 25 game providers. Through the GM-X System, Golden Matrix offers the industry’s most extensive game portfolio. The company’s gaming partners dominate the global online gaming market to deliver innovative games and premium brand titles. The GM-X System offers payment gateways that integrate with third party platforms or digital wallets. It supports all major currencies and offers multiple language options. The system’s data analytics provide the operator with a 360-degree view of the gaming platform’s performance.

GMGI currently supports over 500 unique casino brands and over 6 million players.

Market Outlook

Online gaming and sports betting sites and apps are increasingly taking market share from traditional location-based casinos. Widespread internet service availability and increasing use of mobile phones for playing online games from homes and public places is driving the market, according to a report from Grand View Research. In addition, factors such as easy access to online gambling, legalization and cultural approval, corporate sponsorships, and celebrity endorsements are also contributing to market growth. The growing availability of cost-effective mobile applications across the globe is further expected to fuel market growth.

This trend is only expected to accelerate as millennials reach their peak earning years and Gen Z youth begin to complete their education and move into careers. These generations are completely comfortable with online recreation, and with using technology like digital wallets and digital gameplay that underpins online gaming.

The global online gambling market was valued at $53.7 billion in 2019 and is expected to grow at a CAGR of 11.5% from 2020 to 2027 to reach a value of $127.3 billion, according to Grand View Research, with much of the growth expected from the U.S. and Asia. Even Europe, the most mature gaming market, is expected to grow at a rate of 20-25% year-over-year.

Management Team

Brian Goodman is CEO of Golden Matrix Group. He has more than 20 years of diverse senior management experience and business development roles within the technology and internet gaming industries. He has a tertiary science qualification as well as a marketing and sales background. His previous roles have been entrepreneurial and include CEO and senior management positions in smaller organizations, which he founded or in which he held equity, as well as multinational organizations.

Cathy Feng is COO at Golden Matrix. She is a co-founder of GMGI and holds a Master of Commerce degree. She has 10 years of experience as a financial officer in the technology and internet gaming industries. In past management positions, she interpreted, analyzed and presented financial and operation information to facilitate business decisions, grow companies and resolve complex problems. In addition, she has skills in marketing, business development, leadership and strategic planning.

Omar Jimenez is CFO and Chief Compliance Officer at GMGI. Prior to joining the company, he was CFO and COO of Alfadan Inc., a supplier of marine outboard engines. He has held senior financial management and operational positions at public and private companies including NextPlay Technologies, American Leisure Holdings, US Installation Group and Onyx Group. He holds various accounting professional certifications, including CPA and CPCU, and degrees in finance, accounting and business.

Henry Zhang is Chief Technology Officer at Golden Matrix. He oversees all aspects of development, integration and deployment of GMGI’s technology systems. He plays a key role in evolving GMGI’s technology business to lead and shape the industry. He is responsible for developing and scaling new businesses, including online gaming, eSport and P2P Systems. He was instrumental in launching the GM-X system and has been with the company for more than six years.

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

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

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Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Strengthens Financial Profile with Debt Reduction, Adjustments to Revenue Strategy

Red White & Bloom Brands is a multi-state cannabis operator based in Canada and focused on developing revenue opportunities in strong U.S. cannabis markets such as Michigan, Florida and California
The company recently announced it has eliminated $115 million in debt liabilities as part of its efforts to streamline its financial operations during a period when many companies are struggling with the effects of the COVID pandemic
Red White & Bloom’s debt reduction includes cutting over $22 million in annual expenses
The company has solidified its foothold in Michigan with acquisitions that have allowed it to become vertically integrated and open new dispensaries and cultivation facilities

Multi-state cannabis operator Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) is making new strides in streamlining its operations as the company accelerates its push toward making its popular Platinum Vape-branded products some of the most recognizable premium cannabis products in the United States.

Red White & Bloom, or RWB, has been strengthening its revenue streams in the states where it operates, particularly in Michigan, Florida and California of late, while also working to deal with its debt to make it more long-term feasible, announcing April 20 that it has eliminated several million dollars’ worth of liabilities and annual expenses (https://nnw.fm/50eYO).

The acquisition earlier this year of a 15,000-square-foot manufacturing, processing and distribution facility as well as properties owned by PharmaCo, Inc., in Michigan, plus full licensing for manufacturing both medical and adult use cannabis products in the state, assured RWB’s efforts to become fully vertically integrated and to expand the reach of Platinum Vape.

Platinum Vape products not only include carefully crafted vape cartridges and disposable vape pens, but also gummies, chocolates and premium cannabis flower.

New data published on the Canadian Federation of Independent Business (“CFIB”)’s Small Business Recovery Dashboard is shining a light on the difficulties SBEs are facing in Canada in the wake of the COVID pandemic and the “staggering level of fresh COVID-related debt small firms have had to take on” as a result of the pandemic’s battering of economies worldwide.

“Two-thirds of small businesses (65%) have had to take on debt, at an average of $160,000, just to survive the past two-years,” CFIB president Dan Kelly stated in a news release about the survey results (https://nnw.fm/jbPqZ). “For almost 900,000 business owners, up to $60,000 of this debt is in the form of a government-backed Canada Emergency Business Account loan. … The 2022 budget missed an opportunity to forgive a larger portion of these loans for the most deeply affected small businesses.”

Vancouver, British Columbia-based RWB’s April 20 announcement notes that the company expects to eliminate an intangible asset of about $77 million as well as a license liability of $60 million from its balance sheets following restructuring of its debt while reducing “well over $100 million of liabilities without any dilution to our shareholders,” a continuation of efforts since last year to cut debt.

As part of the restructuring, RWB pruned its Illinois property, exiting “the one state that had not contributed any revenue from THC operations to our results since our inception,” CEO Brad Rogers stated.

“We still believe that Illinois could be a great market for us, and will look to pursue it from an asset-light approach through licensing of our own brands,” Rogers added. “We will continue to look for opportunities to grow our revenue through a number of asset-light entries to other states, while focusing on getting to a positive adjusted EBITDA run-rate by the end of 2022.”

The company has also found ways to reduce its headcount as part of the effort, joining other SBEs in a revived trend to control their cash consumption and attract new capital through minimal staffing adjustments (https://nnw.fm/xVnuz).

“We are very pleased with the significant balance sheet and operational improvements we have made in a relatively short period of time. Today’s announcement is the culmination of an in-depth review and rationalization of assets and operations,” Rogers stated.

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

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

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SPYR Inc. (SPYR) Eyeing the MVNO Business and Exploring AI Applications for IoT Systems

SPYR, through its wholly-owned subsidiary, Applied Magix, will start exploring AI applications for inclusion in its products
The company is also considering venturing into the MVNO business; an industry projected to be valued at $91.63 billion by 2026
This is in a move to grow the company’s product and service offering while also creating value for its shareholders
Pursuing this route will also present SPYR with an opportunity to promote its brand further, grow its brand equity and overall brand recognition

SPYR (OTCQB: SPYR) has, since its inception, not shied away from pushing the envelope in terms of innovation and creating value for its stakeholders. This commitment has defined its operations in the development and reselling of Apple®-ecosystem-compatible products, along with its focus on the multibillion-dollar Internet of Things (“IoT”) Smart Home and Connected Car markets.

More importantly, this has shaped its dedication to identifying and targeting acquisitions that aid in growing its overall market reach and industry footprint, as evidenced by its 2020 acquisition of Applied Magix Inc. In line with this, SPYR is exploring new ways to improve its products, stay ahead of its competition and increase customer satisfaction. One avenue that it seeks to venture into is Artificial Intelligence (“AI”) and its inclusion in Applied Magix’s current line of products (https://nnw.fm/qexN9).

SPYR just announced that Applied Magix is exploring AI applications for inclusion in its products, mainly due to its tremendous promise and potential benefits to the end customer.

“As part of our Secret Lab initiatives, AI frequently comes to the forefront of product development and how to make smart hardware even smarter,” noted Dr. Harald Zink, the Chief Executive Officer (“CEO”) of Applied Magix.

“For example, various sensors track a number of conditions around your house, but when processed by an AI system, analysis of those conditions can be used to trigger actions that increase security or save you money in the long run,” he added.

SPYR is also working towards expanding its product and service offering, having announced that it is considering entering the mobile virtual network operators (“MVNO”) market. The company’s objective is to offer unique mobile phone plans exclusively for iPhone users. According to Dr. Zink, “There are a lot of great carriers out there providing mobile services, but for most of them it feels like their Apple customers are an afterthought, which is frustrating if you’re an Apple user,” (https://nnw.fm/jOcWq).

While making the announcement, Dr. Zink noted that SPYR’s management feels that the company can do better by offering iPhone users reliable mobile services specific to their needs and wants.

“We feel that we can do better – of course, we are not just going to jump into this. We are carefully exploring and evaluating the available MVNO offerings, as well as exploring and evaluating the market space, to see what customers want,” reckoned Dr. Zink.

Going forward, SPYR plans to capitalize on the different relationships in the mobile services industry as it researches its MVNO services. Should it go through, this new offering will be an excellent avenue for pushing the Magix brand into the market, growing its brand equity and overall brand recognition.

“If we decide to pursue this route, it will be fun to see MAGIX as the carrier logo displayed on our iPhones,” said Tim Matula, the CEO of SPYR Technologies.

“We have various relationships that we are exploring to help is with this research of MVNO services, including some former associates that are active in the mobile phone services market,” he added.

By 2025, the global smart home market will be valued at $187 billion, up from $104 billion in 2021, representing a CAGR of 15.75%. The MVNO market, on the other hand, is expected to reach $91.63 billion in value by 2026, up from $61.9 billion in 2020. This will represent a CAGR of 6.75% over the forecast period (https://nnw.fm/mV53Z).

SPYR is looking to capitalize on this growth by exploring AI and the MVNO market with its product offering. By doing so, it will diversify its product range, strengthen its existing line, and offer value to customers and shareholders.

For product information, please see the Applied Magix website at https://AppliedMagix.com, or specific product sites:

MagixDrive Wireless CarPlay Adapter – https://appliedmagix.com/MagixDriveBundle
HomeKit Secure Video Camera with iCloud Storage – https://appliedmagix.com/HomeKitCamera
Multipurpose Sensor with Alarm – https://appliedmagix.com/HomeKitAlarmSensor
Environment and Motion Sensor – https://appliedmagix.com/HomeKitMotionSensor
Window and Door Contact Sensor – https://appliedmagix.com/HomeKitContactSensor
MagixBlock USB DataBlocker – https://appliedmagix.com/MagixBlock
MagixCharge Dual USB-C Car Charger – https://appliedmagix.com/MagixCharge

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

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

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Knightscope, Inc. (NASDAQ: KSCP) Helping Companies Secure Critical Infrastructure, Reduce Security Threats

Knightscope develops Autonomous Security Robots (“ASRs”) that combine artificial intelligence (“AI”), robotics, and self-driving technology
The company’s ASRs are used by clients operating in various industries, including critical infrastructure sectors such as public utilities, food and healthcare
The robots have helped reduce crime/security threats in different neighborhoods, cities, and commercial facilities

Every November, the Cybersecurity and Infrastructure Security Agency (“CISA”) celebrates the Infrastructure Security Month (“ISM”). Geared toward educating and engaging the different levels of government, the American public, and infrastructure owners and operators, the ISM touches on the importance of critical infrastructure to the country’s well-being as well as why it is essential to improve the security and resilience of critical infrastructure (https://nnw.fm/MeH9f).

“Threats to critical infrastructure that we all depend on, which underpins our economic and national security, are among the most significant and growing concerns for our nation, including cyber threats, physical threats, and climate threats…. We must do everything we can to safeguard and strengthen the systems that protect us; provide energy to power our homes, schools, hospitals, businesses, and vehicles; maintain our ability to connect; and ensure that we have reliable access to safe drinking water,” stated the President in his Presidential Proclamation last October, during the runup to the ISM (https://nnw.fm/AAuRx).

In its ambition to make the United States the safest country in the world, Knightscope (NASDAQ: KSCP), a developer of advanced autonomous physical security technologies, has continuously heeded and implemented this call, helping clients operating in critical infrastructure sectors to secure their installations.

Most recently, the company announced it had added a new Fortune 500 company to its growing roster of clients (https://nnw.fm/K3d5f). A centuries-old consumer foods manufacturer, the company operates within the food and agriculture sector, one of the 16 critical infrastructure sectors listed by CISA (https://nnw.fm/sMCtF).

Knightscope’s latest announcement comes a few weeks after the company celebrated the deployment of the K5 ASR in Los Angeles with one of the largest healthcare organizations in the country (https://nnw.fm/YgBxP). The organization, which presently has almost 40 hospitals and more than 700 medical facilities, operates within the health and public health sector, also listed as a critical infrastructure sector.

These deployments with clients operating in critical sectors that underpin the United States’ economic and national security demonstrate companies’ increasing confidence in the K5 ASR and its ability to reduce crime in cities, neighborhoods, and commercial premises.

For instance, the K5 robot, alongside the Knightscope’s other ASRs, has helped a client prevent trespassers from entering their property, assisted a company in tracking down a vandal, and promoted the reduction in the number of monthly crime/security incidents reported by a commercial property owner from 20 to one. The robot has also given nurses and doctors at a client’s facility a sense of security (feeling of safety) while walking to their cars (https://nnw.fm/BwreD).

The K5 ASR boasts capabilities such as thermal anomaly detection, person detection, eye-level 360-degree HD video streaming and recording, license plate recognition, automatic signal detection, and more. In addition, the Knightscope Security Operations Center (“KSOC”) enables clients to connect to their ASR fleet, receive live alerts, and access real-time data 24/7/365.

For more information about Knightscope (NASDAQ: KSCP), visit the company’s website at www.Knightscope.com, and if you have a need for the subscription-based physical security service, you may request a private demonstration of the technology at www.Knightscope.com/demo.

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

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Correlate Infrastructure Partners Inc. (CIPI) Puts Profits in Positive Territory, Discusses ‘Very Aggressive’ Plan For Clean Energy Solutions Projects

Commercial clean energy solutions provider Correlate Infrastructure Partners recently released its annual financial report, showing profits rising into positive territory on the back of key acquisitions last year
Correlate’s development and finance platform services are designed to help buildings reduce their carbon footprint through greater efficiency and access to locally sited solar, energy storage and EV infrastructure
In a new podcast interview, the company’s CEO said Correlate anticipates acquisitions this summer that will expand its footprint from Hawaii to Boston
The company expects revenue growth this year in tandem with the expansion and with securing repeat business

Concerns about climate change and its anticipated disruption of normal lifestyles around the globe during the coming decades is driving governments as well as business innovators to seek solutions before the impact of climate change becomes overwhelming (https://nnw.fm/EkgTN).

Correlate Infrastructure Partners (OTCQB: CIPI) is dedicated to delivering low carbon utility solutions and energy use optimization through their tech-enabled service platform. CIPI is rapidly building on key acquisitions to establish itself as a leading national provider of solutions for the commercial real estate industry.

“Our leadership team made great strides to execute our market development strategy in 2021. We focused on integrating key technologies while building a scalable client backlog of 2022 projects, which included completing the acquisitions of Correlate and Solar Site Design as wholly owned subsidiaries,” company President and CEO Todd Michaels stated in a recent news release announcing Correlate’s year-end financial report (https://nnw.fm/X2o9s).

“We assembled a rare, nationally recognized management team to execute this backlog while aggressively scaling our technology and fulfillment capacities to match our growth rate and market opportunity,” Michaels added.

The financial statement shows that Correlate raised its profits out of negative territory during the year and significantly decreased its operating expenses.

“In 2022, we anticipate revenues to increase with the expansion of operations, sales channels and repeat business from our 2021 portfolio of national accounts,” Michaels stated. “The post-pandemic U.S. commercial and industrial market has approximately 6.8 million facilities applicable for our solution to increase building owner net income. With only about 3% of those facilities currently being addressed, demand is very high. We couldn’t be more confident and excited about our position for tremendous growth.”

Michaels repeated his assessment of the company’s opportunity in an interview with Stuart Smith of IBN (InvestorBrandNetwork)’s latest Bell2Bell Podcast episode.

“We’re looking at completing somewhere around $40 million-plus of projects just in the United States,” Michaels said (https://nnw.fm/Rri5j). “Obviously, gaining the talent and the technologies of those acquisitions (last year) are huge and so now we’re able to bring those together into a new unified business model that really focuses on … getting hundreds of millions of dollars of project finance dollars to these projects across the country. So we’ve got a very aggressive six-month go-to-market plan.”

Michaels also said Correlate has two or three more acquisitions that are anticipated, two of which “likely will complete by the end of summer if not slightly earlier.” Completing those acquisitions will expand the company’s footprint from Hawaii to Boston in terms of both physical operations and from a capability’s perspective, he said.

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

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

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