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Kappahl Selects ToolsGroup to Support Its Thriving and Growing Fashion Brand

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been selected by Kappahl, a leading fashion chain in the Nordics, to drive better planning decisions, supporting and accelerating its business growth. Kappahl is a leading retail chain across Northern Europe. With approximately 340 brick-and-mortar stores and a bustling ecommerce site, the retailer offers responsibly-produced, everyday fashion to customers in Sweden, Norway, Finland, Poland, and the UK. The company is committed to offering sustainable fashion choices to its expanding customer base through more efficient business practices strengthened by the most powerful retail planning technology. “At Kappahl, we aim to provide ethically produced, fashionable clothes to customers throughout our region and beyond,” said Caroline Ahlberg, Vice President Kappahl Assortment and Marketing. “We knew we needed to adopt more effective and scalable business practices and planning solutions to maintain our momentum in the accelerating retail environment. In ToolsGroup, we found a long-term partner who could provide the expertise and solutions to support our constantly evolving supply chain network and drive the digital transformation necessary for customer satisfaction and future business growth.” Kappahl selected ToolsGroup’s JustEnough Dynamic Retail Planning & Execution suite. This solution integrates Merchandise Financial Planning (MFP) and Assortment Planning (AP) with Kappahl’s existing technology stack. MFP enables the retailer to create dynamic plans across buying seasons throughout its omnichannel ecosystem and align departments on financial objectives. AP determines the optimal product mix for each channel, location, and season to delight customers and maximize sales. This combination of financial guidance and localized assortments helps Kappahl enhance its business performance and achieve its aggressive growth objectives. “By leveraging AI powered inventory planning solutions from JustEnough, Kappahl will be able to perfectly balance the top-line merchandising requirements for growth with the bottom-line demand for profitability,” said ToolsGroup CEO, Inna Kuznetsova. “ToolsGroup is excited to help Kappahl achieve its vision of being a leader in affordable and responsible fashion. Improving full price sell-through without stockouts will help Kappahl continue its impressive growth trajectory while satisfying customers and boosting financial performance.” Meet ToolsGroup at NRF Booth #3948 and learn why customers around the globe are employing JustEnough to Support their growth and strategic initiatives. Book a meeting to learn more about the latest advancements in retail planning HERE. Customers and analysts alike recognize ToolsGroup as a retail planning leader. See the growing list of analyst accolades and customer recognition awards HERE. About Kappahl Group Founded in 1953 in Gothenburg, Sweden, the Kappahl Group is a leading fashion chain in the Nordics, with around 360 Kappahl and Newbie stores in Sweden, Norway, Finland, Poland and the UK, and online in more than 20 markets throughout Europe and Asia. We want to make a difference in the fashion world and to lead the way by always keeping our promises: taking care of the world around us, minimizing the environmental impact for each garment. And at the same time fulfil our employee promise "We promise you the right to always be yourself - a place to belong. The Kappahl team consists of some 4,000 colleagues in nine countries, all with different backgrounds, ages, skills and styles. Our common motivation is to create a responsible world of fashion and offer fashion fit for life to a wide variety of people and lifestyles. A responsible fashion that feels right, for the bearer and for the world we live in. Today, more than 80% of the products are made of certified and/or preferred materials. Kappahl’s goal is 100% by 2025 and Kappahl's overall climate goal is to halve the value chain's climate emissions by 2030. More information at kappahl.com About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

January 11, 2024 09:00 AM Eastern Standard Time

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Vertical IQ Kicks Off 2024 Focused on Customer-Centric Enhancements, Partnerships

Vertical IQ

Industry Intelligence leader Vertical IQ is well-positioned to build on 2023’s momentum and growth as they head into the new year. Bolstered by an array of new strategic partnerships and innovative product enhancements, the company will continue its focus on customer experience and targeted new markets as they continue to expand usage of their Industry Intelligence platform. Enhancements fueled by collaboration, unbiased data Over the course of 2023, Vertical IQ launched several key product enhancements, which were fueled by acquisition and new partner-relationships. “Each of these strategic collaborations was scoped and brought to fruition with the goal of making Vertical IQ’s Industry Intelligence more actionable and tailored to users’ needs,” explains Vertical IQ CEO and cofounder Bobby Martin. “Thanks to these strategic alliances we built in 2023, we were able to make several game-changing enhancements to Vertical IQ that can truly move the needle for our current customers and broaden our target market going forward,” says Martin. For example: Localized data In May, Vertical IQ acquired Local Market Monitor, which provides timely assessments and forecasts of more than 300 Metropolitan Statistical Areas (MSAs), 2,000 counties, and 20,000 ZIP codes across the U.S. While Vertical IQ has previously incorporated the local economic data provided by Local Market Monitor, this acquisition allowed Vertical IQ to better showcase the local economic conditions that drive success for a particular industry at the MSA and even the county level – key drivers such as wages, housing prices, construction, and employment. This localized, microeconomic data also enables bankers and investors to better-analyze real estate values using Local Market Monitor’s stand-alone product that includes its award-winning Equilibrium Home Prices. SBA lending data Thanks to a recent partnership with small business data analytics firm Lumos Technologies, Vertical IQ has added key data sets of Small Business Administration (SBA) lending trends and industry performance insights to its platform. This highly actionable content is particularly valuable to bankers for sizing market competition, analyzing loan conditions on various industry segments, loan assessment, risk profiling and predictive credit modeling. Tapping into government data and other third party sources, Vertical IQ was able to implement a number of additional site enhancements designed to provide users with even more actionable, unbiased, reliable content. For instance: Enhanced economic data Additional Industry Indicators were added to each Industry and Sector Profile. This graphical economic dataset includes as much as 10 years worth of information on employment, wages, pricing, trade, expenditures, inventory, sales, shipments, population projections, housing, mortgage rates, personal income, healthcare spending, and more – all pulled from unbiased government sources. Geographic Breakdown chapter Using data sourced from the Bureau of Labor Statistics, this new chapter within Industry and Sector Profiles features a breakdown of the industry or sector establishments per state, each state’s percentage of total establishments, and the annual change in establishment count by state. This content highlights how large an industry’s presence is in a state and whether it has expanded or contracted. Expanded industry coverage In 2023, Vertical IQ continued to build their already expansive coverage of industries and sectors in the U.S. and Canada. They added numerous new Industry Profiles, now featuring more than 920 industries and covering over 97% of the U.S. economy and Canada, as well as more than 3,400 Local Economies reports. They also added several new Canada-specific Sector Profiles including the Canadian Professional and Technical Services Sector, Canadian Real Estate and Product Rental Sector, and Canadian Finance and Insurance Sector. Providing Industry Intelligence to new markets In addition to the acquisition of Local Market Monitor and collaboration with Lumos, Vertical IQ notched several key wins in 2023 that also will help fuel growth in new markets in 2024. For instance, in February, Vertical IQ was chosen by the America’s Small Business Development Center (SBDC) network as its provider of choice for Industry Intelligence, granting Vertical IQ access to nearly all SBDC business counselors in the network of state offices across the country. Vertical IQ’s Industry Profiles, financial data and Local Economic Data can be used to help counsel business owners of all types – from auto parts manufacturers to veterinarians, as well as hundreds of others. Vertical IQ also expanded their reach into several key industries, inking a deal with one of the nation’s largest insurance carriers, and several new accounting firms/associations. “These are just a few of the exciting wins we captured in 2023, positioning us to pursue even more segments as we head into this new year,” notes Vertical IQ president David Buffaloe. “We are excited about new partnerships and relationships that are on the horizon that will allow us to continue to enhance our product offering.” An integral partner on your team Even as Vertical IQ expands its footprint, Buffaloe emphasizes that they remain mindful that it is not only award-winning Industry Intelligence but renowned customer experience and service that set Vertical IQ above the competition. “We work closely with our customers to focus on how they can get the most out of actionable Industry Intelligence,” says Buffaloe. “Through a white glove onboarding process and ongoing training opportunities, we show each and every customer that we are there to support their success.” Start to finish, Heather Sperduto, vice president of Channel Sales, Small Business Services at ADP, was impressed by Vertical IQ’s meticulous sales and service processes. “I like to say that the customer service experience is best when you don't need it. The term ‘user-friendly’ really permeated all aspects of our experience with Vertical IQ, from our exploration of the product, through our transition, to the onboarding, and for the ultimate rollout and the training. They simplified it in a way that it became very natural for us to be able to embark on utilizing the tool.” To learn more about Vertical IQ or to request a demo, visit www.verticaliq.com. ABOUT VERTICAL IQ Headquartered in Raleigh, N.C., Vertical IQ is a nationally recognized leader in Industry Intelligence. Whether they’re pitching a local brewery or a national biotech company, successful sales, marketing and customer success teams use Vertical IQ to better understand a prospect’s or client’s business challenges before, during and after meetings. Covering more than 97% of the economic revenue in the U.S. and Canada through more than 920 Industry Profiles and 3,400 local economic reports, Vertical IQ equips users with the confidence and credibility to make memorable first impressions and sustain enduring relationships. Contact Details Julie Gilbert +1 919-787-4600 jgilbert@verticaliq.com Company Website https://verticaliq.com/

January 11, 2024 08:00 AM Eastern Standard Time

CES 2024 Latest Trends

News Media Group, Inc.

Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

January 11, 2024 07:00 AM Eastern Standard Time

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Defense Acquisition University (DAU) to Support NCMA Nexus 2024

National Contract Management Association

The National Contract Management Association (NCMA) is pleased to announce the collaboration with the Defense Acquisition University (DAU) for the inaugural Nexus 2024 conference, scheduled from March 3-6 in Jacksonville, FL. This strategic partnership is a significant milestone for NCMA as it reinforces the commitment to advancing the knowledge and skills of the defense acquisition workforce. Notably, participants in Nexus 2024 will benefit from transferable credits toward their certifications, making this collaboration with DAU particularly valuable for professionals seeking career development opportunities. Nexus 2024, offers a unique platform for cross-functional collaboration for both government and industry to address pressing issues in federal procurement, including supply chain risk, cybersecurity, and sustainability. The event encourages joint efforts in innovation, strategic discussions, case studies, hackathons, and real-world problem-solving, providing deployable solutions for attendees. The co-hosted event aligns seamlessly with the new Better Contracting Initiative (BCI), emphasizing that multi-functional groups come together to learn the acquisition lifecycle side by side, promoting a comprehensive understanding of each’s others perspective job functions along with federal procurement challenges. One of the emcees for Nexus 2024 is DAU’s Professor of Program Management, Julie Knechtel, expressed her excitement about the event, stating, "I am excited to be part of an event that brings together diverse perspectives and expertise in defense acquisition. It is a great opportunity to train as we work, leverage the expertise of multi-functional teams, and enhance the skills needed to tackle the evolving challenges in federal procurement collaboratively." NCMA's Chief Executive Officer, Kraig Conrad, commented on the natural fit between NCMA and DAU, saying, "The collaboration with DAU at Nexus 2024 exemplifies our shared commitment to advancing the knowledge and skills of the acquisition workforce. We are grateful for their support as together we drive better practices and better outcomes in acquisition and procurement.” Michelle Currier, NCMA's Chief Learning Officer, also shared her enthusiasm, stating, "The Nexus 2024 event underscores the importance of collaboration and continuous learning in federal procurement. DAU's support enhances the educational value of the event, aligning with the goals of not only NCMA, but the federal government overall." Nexus 2024 is open to all professionals involved in federal procurement, providing an ideal opportunity for integrated teams to learn and train together. For more information about Nexus 2024 and to register for the event, visit the NCMA website at http://www.ncmahq.org/nexus. The National Contract Management Association (NCMA) – www.ncmahq.org – stands as the premier contract management organization whose mission is to collaborate towards a globally recognized contract management profession that strengthens its nexus with related acquisition communities. Serving approximately 20,000 members in both the public and private sectors, NCMA propels the growth, advancement, and impact of practitioners through a steadfast commitment to serve through the open exchange of ideas in neutral forums. DAU is the acquisition learning, development and talent management organization for the Department of Defense with a mission to provide a global learning environment to develop qualified acquisition, requirements, and contingency professionals who deliver and sustain effective and affordable warfighting capabilities. Nearly 160,000 acquisition professionals across all military services and Department of Defense agencies have access to career-long learning and support from DAU faculty and staff. Contact Details Holly DeHesa +1 281-865-3296 dominick.belfiore@ncmahq.org Company Website https://www.ncmahq.org

January 11, 2024 05:05 AM Eastern Standard Time

News Release

"AI - A New GOD We Trust" Unveils a Thought-Provoking Exploration about Artificial Intelligence with Botricia

Rev Up Marketers

Botricia, a leading player in the technology and AI landscape, has delved into the uncharted intersection of technology and spirituality with the release of Mr. Talati's groundbreaking book, "AI - A New GOD We Trust.” They boasts a seasoned professional, Mr. Talati, with over 12 years of expertise in the IT industry. His vast experience centers around executing AI strategies and implementing AWS Cloud infrastructure from scratch. Notably, he has architected end-to-end AI solutions on AWS, integrating services like Amazon SageMaker, Lambda, EC2, and S3 to meet diverse business requirements. Woven with a tapestry of philosophy, science, and human psychology, the book prompts readers to contemplate the essence of consciousness and the frontiers of intelligence. Talati showcases AI's revolutionary impact on sectors like healthcare, finance, and transportation through captivating narratives and real-world examples. Talati's work delves into the societal implications of AI, positioning it as a transformative force that has become a modern deity, shaping our beliefs and interactions on a global scale. "AI - A New God We Trust" serves as a beacon, guiding readers through the intricate landscape where technology transcends its technical confines and becomes a subject of societal veneration. The book emphasizes the critical importance of understanding AI's evolving role and the responsibilities it entails. Talati challenges readers to contemplate the ethical, philosophical, and cultural dimensions of placing trust in AI as a guiding force. While celebrating AI's achievements, "AI - A New GOD We Trust" courageously addresses the potential risks and ethical considerations associated with its unprecedented growth. Talati initiates critical conversations on privacy, bias, and the delicate balance between humans and machines, providing readers with a nuanced perspective on the intricate complexities of AI. Mr. Talati is a seasoned AI professional with expertise in AWS, machine learning, and DevOps. His background includes a Bachelor's in Electronics and Computer Engineering, a Master's in Technology Management, and certifications such as AWS Solutions Architect – Professional and CKA. He holds a patent application for an AI-Assisted Surgical System, has received awards, and authored publications on AI. Currently serving as Cloud Solution Tech Lead at AAMC, he focuses on cloud-agnostic solutions and infrastructure as code strategies using terraform, CloudFormation, and Ansible. His expertise extends to a DevOps strategy in a mixed environment of Linux and Windows servers. Notably, he has employed a cloud strategy based on AWS services such as EC2, VPC, EBS, CloudFormation, and more. Mr. Talati's proficiency extends to Build Automation DevOps tools, including ANT, Maven, and Jenkins, emphasizing automation in the build and deployment process. Dhruvitkumar Talati extends an invitation to all those intrigued by the future of technology and its societal implications to embark on an enlightening journey with "AI - A New GOD We Trust." Are you prepared to decipher the code and catch a glimpse into the future? For more information: AI - A New GOD we trust: https://a.co/d/ekJ65uk, https://www.botricia.com/ Contact Details Dhruvitkumar Talati Botricia contact@botricia.com Company Website https://www.botricia.com

January 11, 2024 01:13 AM Eastern Standard Time

CoinBuck: Revolutionizing Social Media and Cryptocurrency for Financial Empowerment

Rev Up Marketers

CoinBuck, a trailblazer in the digital economy, is revolutionizing the intersection of social media and cryptocurrency. With the entire 10 billion supply of its tokens now circulating in the market, this innovative platform has captured the attention of the digital world, attracting over 300,000 users and more than 20,000 new sign-ups each day. These staggering figures are not just numbers; they represent a paradigm shift in online financial empowerment and user engagement. CoinBuck is not just growing; it's redefining the digital landscape with each new user, backed by a substantial market cap of $2.9 million. In the realm of community building, CoinBuck's impact is unmistakable. With 60,000 members actively engaged on platform X and 50,000 on Telegram, the platform has fostered a robust online presence. Additionally, the daily average of 15,000 listeners on X spaces highlights the compelling nature of CoinBuck's community interactions. This level of engagement, coupled with the platform having achieved a peak of 100,000 wallet holders, is a testament to the platform's ability to resonate with and unite a diverse digital audience. Financially, CoinBuck's achievements are equally remarkable. The platform reports an average daily trading volume of 1 million USD on PanCake Swap, with peaks reaching 2 million USD. These numbers, against the backdrop of a fully released total supply and a market cap of $2.9 million, reflect the growing trust and enthusiasm in the CoinBuck ecosystem. The platform's sustained base of 30,000 wallet holders, from a peak of 100,000, showcases the sustained confidence in CoinBuck's potential and vision. CoinBuck's journey is more than a series of milestones; it's a beacon for the future of digital interaction and financial freedom. Garnering top trust ratings and endorsements from industry leaders, including the OKX CMO, and receiving numerous CEX listing proposals, CoinBuck stands as a symbol of innovation and trust in the digital economy. The platform's trajectory is not just upward; it's a movement, inviting everyone to partake in shaping a new digital epoch where financial empowerment is accessible to all. Website | X | Instagram | Telegram | YouTube | Facebook Contact Details CoinBuck Nicholas Jerry info@CoinBuck.com Company Website https://coinbuck.com/

January 10, 2024 09:48 PM Eastern Standard Time

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Crypto analyst LuckSide Crypto Forecasts, Shiba Inu (SHIB) Price Surge While Dogecoin (DOGE) Stalls, But Pullix (PLX) Continues Impressive Run

Pullix.io

Moving into 2024, memecoins seem to be in a tight corner. At the moment, the crypto analyst LuckSide Crypto sees Shiba Inu recovering its losses. On the other hand, Dogecoin is still falling. Alongside these presale giant Pullix, has now reached the milestone of 3,000 active token holders in less than a month! With a 100% surge on it’s initial price of $0.04, Pullix continues to captivate and attract investors looking to capitalize. Shiba Inu (SHIB) To Soar on Spot Bitcoin ETF News Due to spot Bitcoin ETF news, LuckSide Crypto anticipates a huge price rise for Shiba Inu (SHIB) within days. Analysts predict that the Shiba Inu coin price can be triggered soon. LuckSide Crypto noted that new spot Bitcoin ETFs may cause the surge the community is waiting for to break the resistance line. According to LuckSide Crypto, speculation drove the markets, fueling gains for the Shiba Inu coin and Bitcoin. On Wednesday, Matrixport news caused Shiba Inu and Bitcoin prices to drop down. LuckSide Crypto noted that after Dan Gambardello's good report, prices surged. The analyst said the memecoin is displaying "little strength" as it starts to work its way back to the upside. The Shiba Inu coin is fluctuating between 0.00000933 and $0.00001091 on the weekly chart. Dogecoin (DOGE) Still Bearish Dogecoin (DOGE), the Elon Musk-supported cryptocurrency, is currently battling with selling pressure. Despite reaching a high of $0.10, the latest crypto market slump and lack of support have driven the price of DOGE back down to $0.081. There are indications of a potential price decline from price pattern analysis and technical indicators. As a result, the general perception of Dogecoin is getting worse every day. The 200-day Exponential Moving Average (EMA) of around $0.070 and the support level of $0.082 are the main areas where Dogecoin might still be valuable. These levels determine the likelihood of a DOGE rally. The price may go back to $0.10 if it begins to rise from any of these points in between. At the moment, Dogecoin is fluctuating between $0.080584 and $0.094371, losing 9.6% and 17.9% of its value on the weekly and monthly charts, respectively. Pullix (PLX) Presale Continues To Gain Momentum Pullix (PLX) is creating the first hybrid exchange in the DeFi market. What really sets Pullix apart in the world of trading is the wide variety of assets you can trade. Unlike platforms like Binance, which focuses mostly on cryptocurrencies, Pullix offers a lot more. You can trade in forex, commodities, and more. This diversity means there is a lot of trading activity. For example, in the Over-The-Counter (OTC) Derivatives market, around $40 trillion is traded every day. And the forex market alone has a daily trading volume of $6.6 trillion. But that is not all. Pullix also focuses on giving users a good experience. One way they do this is by allowing anonymous trading. Users do not have to complete Customer (KYC) processes on Pullix. This not only keeps users anonymous but also makes trading much simpler and more accessible. Pullix is a top choice in the DeFi market for those looking to trade without having to provide personal details or formal identification. Final Thoughts While Shiba Inu and Dogecoin are down on the price chart, Pullix is continuing to muster support from investors throughout its presale. Having raised over $3million in the space of a month Pullix now sets its sights upon licensing and a platform launch. Having already risen by 100% in value since its initial presale offering of $0.04, Pullix is set to 30x upon launch according to market analysts and experts. For more information regarding Pullix’s presale see links below: Visit Pullix Join The Pullix Communities Pullix is a new DeFi protocol that is launching a hybrid exchange that will seamlessly blend the strengths of centralized and decentralized exchanges into one unified platform. Serving as the pioneer of “Trade-to-Earn” our native token $PLX empowers the community to earn a portion of the daily revenues generated by the exchange. Contact Details Pullix Pr Team contact@pullix.io Company Website https://pullix.io/

January 10, 2024 08:34 PM Central Standard Time

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Frakha.io Redefines eCommerce Landscape, Spearheading Excellence in Dubai's Business Hub

Rev Up Marketers

Frakha.io, an innovative eCommerce venture founded by visionary entrepreneur Marek Frantsuzov, is making significant strides in transforming the digital retail sphere within Dubai and beyond. Headquartered in the heart of Dubai, the company is emerging as a pivotal player in the eCommerce industry, dedicated to empowering individuals and business owners for seamless navigation through the online selling landscape. Frakha.io specializes in crafting tailored online stores on Shopify.com and has established strategic partnerships with suppliers, successfully realizing the eCommerce dreams of numerous entrepreneurs. Pioneering Approach: Marek Frantsuzov, the driving force behind Frakha.io, embarked on this transformative journey after effectively managing his own dropshipping stores. Recognizing challenges within the eCommerce sector, particularly in product delivery, Marek established Frakha.io with a forward-thinking approach to bridge gaps and provide comprehensive solutions to aspiring entrepreneurs and established business owners. Swift, Dependable, and Networked: Frakha.io prioritizes delivering aesthetically pleasing designs on the Shopify platform and incorporates a network of reliable suppliers into its dropshipping stores. The company strategically collaborates with major delivery enterprises in the dropshipping industry, ensuring rapid and efficient product delivery to address a common pain point in the eCommerce ecosystem. Marek's Odyssey: From Triumph to Empowerment: Having achieved success in personal dropshipping ventures, Marek Frantsuzov comprehends the nuances of operating a thriving online store. He identified challenges faced by entrepreneurs, especially concerning reliable suppliers and timely product delivery. Leveraging his own experiences, Marek made it his mission to simplify the eCommerce journey for others. Frakha.io: The Definitive eCommerce Solution: Frakha.io distinguishes itself as an all-encompassing eCommerce solution, delivering visually appealing Shopify store designs and emphasizing the significance of connecting entrepreneurs with trustworthy suppliers. This strategic synergy enables businesses to captivate customers with an appealing online presence and expedite product delivery, elevating overall customer satisfaction. Partnerships with Prominent Delivery Corporations: Frakha.io's commitment to swift product delivery is underscored by its strategic contracts with leading delivery corporations in the industry. This ensures that businesses aligning with Frakha.io can provide customers with a seamless shopping experience, enabling them to stand out in a fiercely competitive market. Global Entrepreneurial Empowerment: While Frakha.io operates from Dubai, its influence extends far beyond the local market. Through its online services, the company has effectively empowered entrepreneurs worldwide, equipping them with the tools and support necessary to flourish in the dynamic realm of eCommerce. In summary, under the astute leadership of Marek Frantsuzov, Frakha.io has redefined the eCommerce landscape in Dubai and globally. By delivering top-tier Shopify store designs, facilitating connections with reliable suppliers, and ensuring swift product delivery, Frakha.io remains a paragon of success for eCommerce enthusiasts, illustrating that with the right foundation, anyone can transform their aspirations of online entrepreneurship into reality. People can easily find Frakha.io on Instagram for the latest updates and insights. Contact Details Frakha IO FZ-LLC Marek Frantsuzov Team@frakha.io Company Website https://frakha.io/

January 10, 2024 03:14 PM Eastern Standard Time

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G Medical Innovations Announces First Half 2023 Financial Results and Provides Business Update

G Medical Innovations Holdings Ltd

G Medical Innovations Holdings Ltd. (Nasdaq: GMVDF) (“G Medical” or the “Company”), an early commercial stage healthcare company engaged in the development of next-generation mHealth and telemedicine solutions and monitoring service platforms, today announced its financial results and provided a business update for the six months ended June 30, 2023. First Half 2023 Financial Results The Company reported total revenues for the six-month period ended June 30, 2023 in the amount of approximately $3.1 million, compared with approximately $1.9 million for the six months ended June 30, 2022 Cash and cash equivalents as of June 30, 2023, were $2,009 thousand, compared to $295 thousand as of December 31, 2022. The increase compared to December 31, 2022, mainly reflects less cash used in operating activities and lower investments in fixed assets during the six months ended June 30, 2022. Research and development expenses for the six months ended June 30, 2023, were $972 thousand, representing a decrease of $217 thousand compared to $1,189 thousand in the six months ended June 30, 2022. The decrease is related to the products segment and is mainly related to the decrease of salaries and related expenses as well as in subcontractors. Selling, general, and administrative expenses for the six months ended June 30, 2023, were $8,202 thousand, representing a decrease of $3,889 thousand compared to $12,091 thousand in the six months ended June 30, 2022. The decrease is related mainly to a decrease in share-based compensation expenses in the amount of $1,327 thousand and to a decrease in share issuance costs of 1,545 thousand. Net loss for the six months ended June 30, 2023, was $6,083 thousand, or $1.13 per share attributed to shareholders of the Company, compared to $ 13,287 thousand or after giving effect to the reverse stock split in 2022, $ 25.31 per share attributed to shareholders of the Company, in the six months ended June 30, 2022. The decrease in net loss was mainly attributed to the Company's COVID-19 business activities. Net cash used in operating activities during the six months ended June 30, 2023, was $7,254 thousand, compared to $16,424 thousand during the six months ended June 30, 2022. The decrease consists primarily of net loss and revaluation of liability in respect of derivative liabilities. “The Company expects growth in its patient monitoring business”, said Dr. Yacov Geva, Chief Executive Officer of G Medical. The complete report is available on the company’s website, https://gmedinnovations.com/investors About G Medical Innovations Holdings Ltd. G Medical Innovations Holdings Ltd. is an early commercial stage healthcare company engaged in the development of next generation mHealth and telemedicine solutions and monitoring service platforms. The Company’s solutions and services can empower consumers, patients, and providers to better monitor, manage and improve clinical and personal health outcomes, especially for those who suffer from cardiovascular disease, pulmonary disease and diabetes. The Company’s current product lines consist of its Prizma medical device, a clinical grade device that can transform almost any smartphone into a medical monitoring device enabling both healthcare providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators; its Extended Holter Patch System, a multi-channel patient-worn biosensor that captures electrocardiography data continuously, including its QT Syndrome Prolongation Detection Capabilities Patch; and 31 different at-home health tests kits. In addition, the Company is developing its Wireless Vital Signs Monitoring System, which is expected to provide full, continuous, and real-time monitoring of a wide range of vital signs and biometrics. Its monitoring services include provision of Independent Diagnostic Testing Facility monitoring services and private monitoring services. Visit https://gmedinnovations.com/. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it discusses its future financial performance. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the Company’s ability to maintain access to sources of liquidity; the Company’s ability to successfully market its products and services; the Company’s expectation regarding government and third-party payors providing adequate coverage and reimbursement for the use of its products and services, including the Company’s COVID-19 and other related testing services; the acceptance of its products and services by customers; the Company’s continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other medical device and at-home test kit businesses; the Company’s ability to successfully develop new products and services; the Company’s success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; the Company’s ability to comply with applicable regulations; and the other risks and uncertainties described in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2022 filed with the Securities and Exchange Commission (the “SEC”) on May 16, 2023, and in any subsequent filings with the SEC. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Investor Relations Contact G Medical Innovations Holdings Ltd. +972 8-958-4777 service@gmedinnovations.com Dr. Yacov Geva G Medical Innovations Holdings Ltd. is an early commercial stage healthcare company engaged in the development of next generation mHealth and telemedicine solutions and monitoring service platforms. The Company’s solutions and services can empower consumers, patients, and providers to better monitor, manage and improve clinical and personal health outcomes, especially for those who suffer from cardiovascular disease, pulmonary disease and diabetes. The Company’s current product lines consist of its Prizma medical device, a clinical grade device that can transform almost any smartphone into a medical monitoring device enabling both healthcare providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators; its Extended Holter Patch System, a multi-channel patient-worn biosensor that captures electrocardiography data continuously, including its QT Syndrome Prolongation Detection Capabilities Patch; and 31 different at-home health tests kits. In addition, the Company is developing its Wireless Vital Signs Monitoring System, which is expected to provide full, continuous, and real-time monitoring of a wide range of vital signs and biometrics. Its monitoring services include provision of Independent Diagnostic Testing Facility monitoring services and private monitoring services. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it discusses its future financial performance. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the Company’s ability to maintain access to sources of liquidity; the Company’s ability to successfully market its products and services; the Company’s expectation regarding government and third-party payors providing adequate coverage and reimbursement for the use of its products and services, including the Company’s COVID-19 and other related testing services; the acceptance of its products and services by customers; the Company’s continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other medical device and at-home test kit businesses; the Company’s ability to successfully develop new products and services; the Company’s success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; the Company’s ability to comply with applicable regulations; and the other risks and uncertainties described in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2022 filed with the Securities and Exchange Commission (the “SEC”) on May 16, 2023, and in any subsequent filings with the SEC. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Contact Details Rina Bar +972 54-724-0412 rinab@gmedinnovations.com Company Website https://gmedinnovations.com

January 10, 2024 03:01 PM Eastern Standard Time