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Huobi Global announces Cube investment as part of Web 3.0 ecosystem strategy

Huobi Global

Huobi Global, a world-leading cryptocurrency exchange and blockchain solutions provider, today announced its investment in Cube, a public chain that provides innovative infrastructure for Web 3.0 and the metaverse. The launch took place at the Consensus 2022 Conference by CoinDesk in Austin, Texas, underscoring Huobi Global’s latest strategy to expand its Web 3.0 ecosystem. Cube (formerly Cube Chain) is a new, modular, permissionless and EVM-compatible public chain with a design based on multi-chain and layered architecture. It offers breakthrough technologies such as proprietary collaborative rollups, chaos consensus, non-linear infinite storage and an innovative Time Crossing protocol for the infrastructure of Web 3.0. Since its mainnet was launched earlier this week, Cube has garnered overwhelmingly positive feedback. To help more people transition to Web 3.0, Huobi Global is focused on embracing and developing the Web 3.0 infrastructure and the metaverse, where there is huge potential in the explosive growth of blockchain applications such as NFTs, DeFi and GameFi. “Huobi Global has picked Cube as one of the public chains we will invest in under our Web 3.0 development strategy. In the near future, we will continue to invest in more public chains as we are optimistic about Web 3.0 and are committed to improving its infrastructure,” said Lily Zhang, CFO of Huobi Global. It is widely acknowledged in the industry that Web 3.0 is the future of the Internet, with blockchain and public chains serving as the core technology and infrastructure, respectively. With the emergence of NFTs, DeFi and other blockchain applications, many public chains have launched in the market. However, the explosive growth of GameFi, DeFi and NFTs has resulted in an exponential increase in transaction volumes on these public chains. The early public chains have been unable to meet user needs in terms of timeliness or cost-effectiveness. For instance, Ethereum takes about 10 minutes to complete a transaction during peak periods, and the gas fee could reach several hundreds of dollars. In addition, how to solve the blockchain trilemma – a widely-held belief that decentralized networks can only offer two out of three benefits at any given time with respect to decentralization, security and scalability – has also been a common challenge for industry players. To better meet the needs of the industry, Cube uses a high-performance Layer 1 blockchain as the basis to solve the challenge of blockchain expansion, and offers users an efficient, low-cost and secure trading environment. It divides the blockchain vertically, applies a layered architecture, splits the settlement, execution and data availability of the blockchain, and optimizes them according to their respective characteristics. With a cross-chain protocol that supports cross-chain DeFi calls, Cube is compatible with the Cosmos ecosystem. Under its current design, Cube can process about 3000 transactions per second and the number is expected to exceed 5,000 by the end of September this year, and the data availability requirements of Rollup and NFT ensure an efficient and reliable full-stack solution for the development of Web 3.0. About Huobi Global Founded in 2013, Huobi Global is one of the world’s leading cryptocurrency exchanges, with tens of millions of users across five continents and 160 different countries. We are dedicated to empowering financial freedom and creating new global wealth, having led the cryptocurrency industry in spot, derivatives, and Bitcoin transactions for many years. Our infrastructure, operations and offerings are built on processes and standards that prioritize user safety and industry compliance, backed by strong global customer support underpinned by local expertise. This lets us offer a unique trading environment that is truly customer-first, safe and sustainable for all users, enabling their long-term success. For more information, visit www.huobi.com About Cube Cube is a high-performance, scalable and modular layer 1 public chain which is capable of supporting multi-chain and cross-chain architecture. Compatible with EVM and Cosmos ecosystems, Cube is actively committed to participating in the development of decentralized cross-chain protocols and Web 3.0 infrastructure to give users the next-generation multi-chain experience. For more information, visit https://www.cube.network/. Contact Cube Twitter：https://twitter.com/Cube0x Telegram： https://t.me/Cube_network2 Contact Details Ker Zheng +86 139 2280 3249 media@global-hgroup.com

June 09, 2022 08:00 PM Eastern Daylight Time

COMCAST NAMES CONOR MC CARTHY DIRECTOR OF GOVERNMENT AND REGULATORY AFFAIRS IN WASHINGTON

Comcast Washington

Comcast today announced Conor McCarthy as the new director of government and regulatory affairs in Washington. Drawing from his more than 17 years of experience as a lawyer, real estate manager, and Tacoma City Council member, McCarthy will develop and implement the strategy for government affairs and public policy issues and foster relationships on behalf of the company with elected officials, business leaders, and community influencers. McCarthy will resign from the Tacoma City Council, effective June 22, 2022 and join Comcast on June 27, 2022. In his new role at Comcast, McCarthy’s primary responsibilities will include leading the Government Affairs franchising and regulatory team in developing and implementing comprehensive strategies relating to franchising and pole attachment policy, political, outreach campaigns, coalition building, growth, expansion, regulatory, and public policy matters. "Conor has made a positive impact in the community as a city council member, volunteer and attorney, and he will continue to do so as member of Comcast" said Terry Davis, Comcast Senior Director for External Affairs. “His deep legal, contracting, and government affairs backgrounds are going to add value for how Comcast serves our customers, the community and drives our business. We're very fortunate to have someone with his qualities, stature and experience join our team at Comcast." McCarthy most recently served as a member of the Tacoma City Council and as a private practice and business attorney. He provided real estate and construction legal counsel for private and public clients, including in-house counsel for developers and counsel for Port Districts and Municipal Government. Before that, he spent five years as a Real Estate Manager for the City of Tacoma & Tacoma Public Utilities and was responsible for overseeing all City and utility real estate transactions and property management. McCarthy is committed to community involvement in Tacoma and Pierce County. He served as co-chair for the Tacoma Pierce County Opioid Task Force, and as a board director for Tacoma Community House, Safe Streets, Workforce Central, and South Sound 911. Conor resides in Tacoma with his spouse and two boys. Conor and his family spend weekends and free time hiking, beach combing, exploring the outdoors, and attending youth sports events. Comcast is deeply committed to Washington, where our thousands of employees serve more than 1.7 million residential and business customers throughout our state footprint. Comcast is Washington’s leading media and technology provider that connects people and businesses to resources and moments that matter. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast Andy Colley Andy_Colley@Comcast.com Company Website https://washington.comcast.com/

June 09, 2022 11:22 AM Pacific Daylight Time

CEPRES appoints Alka Banerjee as Global Head of Product, Market Data

CEPRES

CEPRES, the leader in private market investment technology and data, today announced the appointment of Alka Banerjee as Global Head of Product, Market Data. Banerjee will oversee all CEPRES data products, comprising Market Intelligence, DealEdge, Indexes, and the new and innovative products the company has in development. Banerjee joins CEPRES from S&P, where she led S&P DJI’s Product Management Group, including US equity, global equity, fixed income, commodities, real assets, strategy, custom indices and data. She has also served as chief executive officer of Asia Index Private Limited, a joint venture between S&P DJI and the BSE of Mumbai, India’s premier stock exchange, and earned recognition from The Economic Times as one of the 20 most influential global Indian women. Banerjee remarked, “Investors need the right tools and data to see around corners and to stress-test investment hypotheses, and nowhere is this more apparent than in the private markets, where the unprecedented competition for deal flow requires precise, rigorous analysis done quickly. CEPRES has been the leading provider of private market deal data and solutions for years, and I am excited to join the company and work towards bringing CEPRES’s market-leading deal data to wider audiences.” Banerjee’s role will drive yet more innovation in CEPRES’s data, which is sourced directly from fund managers and presented to users in the aggregate, with absolute anonymity, helping investors make better private market investments.. CEPRES clients, which span LPs, GPs, fund of funds and other private market participants, use CEPRES Market Intelligence solution suite to look through fund-level data into underlying assets, triage private market deal comps and trends, benchmark relative performance, and more. Top GPs already use DealEdge, built jointly with Bain & Company, to underwrite hundreds of buyouts deals. CEPRES is the largest verified private market ecosystem, with a data network that encompasses more than 10,500 funds, including 93 percent of the PEI 100, and more than 105,000 portfolio company direct deals from more than 4,000 limited partners and general partners. CEPRES is the first platform built for the age of digital transformation in private markets. Our investment data platform provides real-time and predictive analytics to unlock better investment outcomes and drive better faster decisions. CEPRES clients leverage proprietary deal data and complete cash flows from the largest private market ecosystem, containing $33T in assets, 105K PE-backed companies, 10,500 funds, and more than 4,000 GPs and LPs. Accelerate your private equity digital transformation journey at CEPRES.com. Contact Details Marc Allen marc.allen@cepres.com Company Website https://www.cepres.com

June 09, 2022 10:00 AM Eastern Daylight Time

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New Survey Shows the Next Generation Embraces Remote Work for College to Career Transition

Velocity Global

Seven out of ten U.S. college-aged adults are likely to consider an entirely remote job One out of four never expect to hold a traditional 9-to-5 office job, and 85% see themselves holding a side gig Nine out of ten express anxiety about entering the workforce A survey released today by Velocity Global, the leading provider of global talent solutions, shows that U.S. college-aged adults embrace remote work in their career transition plans. The College to Career Survey examined 1,000 college-aged respondents’ attitudes on remote work and their work-life balance expectations as they prepare to transition into the workforce. “The next generation wants to work remotely, balance their ‘personal’ and ‘work’ lives, and prioritize flexibility and mental well-being. Companies should take notice: The old way of doing business is over,” said Sarah Fern, chief people officer at Velocity Global. “Put simply, students want the flexibility to work with anyone, anywhere, anytime, and they expect employers to meet them where they are.” Key findings on remote work: 69% of respondents are somewhat or extremely likely to consider a job that is entirely remote 80% of students would consider taking less money for their job if it allowed a remote option The majority (57%) say being remote increases their productivity Nine out of ten respondents report work-life balance as being either the most important factor (53%) or a somewhat important factor (37%) in selecting a career Fewer than 1 in 5 (18%) say they prefer to work from an office five days per week Fewer than half (44%) of respondents plan to have a traditional (Monday-Friday, 9-to-5) in-person job, and 1 out of 4 (23%) never expect to hold a traditional office job Impacts on emotional well-being: The survey also found a large impact on the emotional well-being of respondents as a result of the move to remote work and learning over the last several years. 56% of respondents acknowledged remote work/study negatively impacted their mental health “a lot” (14%) or “somewhat” (42%) 86% reported a high level of stress or anxiety about entering the workforce, including 35% who indicated they are “very” anxious about entering the workforce, and an additional 51% said they are “somewhat” anxious about doing so Participation in the gig economy: An overwhelming majority of students intend to supplement their primary job with a side gig. 85% of respondents said they either definitely (27%) or possibly (58%) expect to have a side gig in addition to their primary job “That number is staggering, and the C-suite needs to harness the possibilities of tomorrow’s workforce who have varied interests, skills, and allegiances,” said Fern. “Talent is telling us how they will succeed, and it includes full-time, part-time, contract, and freelance work - and sometimes a combination of these. It is entirely possible for you to get the best from your talent while they also pursue other interests. It works for both of you.” International results: The survey also gathered input from 500 students and recent graduates in the United Kingdom (U.K.) and 500 in Brazil, with very similar results. 72% in the U.K. said they would consider an entirely remote position, and a staggering 85% in Brazil say the same 84% of respondents in the U.K. and 82% in Brazil said they would be willing to consider a position that paid less money if it offered the flexibility to work from anywhere “These trends with college students and recent graduates in the U.S. are mirrored in other parts of the world, highlighting the accessibility of a global workforce. In the U.K. and Brazil — where Velocity Global clients increasingly seek supported talent — work flexibility is seen as one of the most compelling factors considered when entering the job market,” said Fern. Methodology: This survey was conducted on behalf of Velocity Global by Rep Data. All selected samples were subjected to stringent quality control standards, including technological controls such as automatic geographical IP detection, tracking and deduplication, open-end pre-screening, and re-captchas. Rep Data sourced multiple suppliers to ensure a representative sample, each supplier possessing its own unique recruitment model and incentive structure, which increased sample source diversity and quality. About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform TM simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. The platform offers a full suite of talent solutions, including global Employer of Record and Contractor Management, to help companies onboard, manage, and pay talent in more than 185 countries and all 50 United States. Thousands of brands rely on Velocity Global to build international teams without the cost or complexity of setting up foreign legal entities or state registrations. Velocity Global was named a "Leader" in Global Employer of Record Services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information, visit velocityglobal.com. Contact Details Velocity Global Chris McGrath +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

June 09, 2022 07:00 AM Mountain Daylight Time

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Oakland Pharmacy Inc. Partners With Comcast Business to Improve Network Management, Security and Speeds

Comcast California

Comcast Business today announced that it is providing Oakland Pharmacy Inc. – a business of community pharmacies and clinic pharmacies in Oakland, California region – with SD-WAN on the ActiveCore SM SDN Platform, Ethernet Dedicated Internet (EDI) connections for its sites as well as Business VoiceEdge® services and a 4G LTE backup connection. The combination of solutions is helping the local healthcare business improve operating procedures for its employees from the pharmacy counter to the IT desk – ultimately helping to provide elevated services for its customers. For more than 35 years, Oakland Pharmacy Inc. has served residents in Alameda County, working diligently to improve the healthcare opportunities within its communities, in particular for underserved populations – like the Asian Pacific Islander community, children incarcerated in the Juvenile Justice system, people experiencing homelessness and mental health patients – who need special healthcare assistance. Staff across the company’s seven locations are often bilingual, speaking Spanish, Cantonese, Vietnamese or Mandarin to better connect with the different cultural backgrounds that the locations serve. As medical records continue to shift to the cloud, it has become increasingly important for the pharmacy industry to have fast, reliable and secure network connections capable of quickly pulling and sending patient information. “I am very happy with the quality of service we’ve received,” said Timothy Tam, IT specialist for Oakland Pharmacy Inc. “Now our employees can more rapidly adjudicate claims, e-fax and process new prescriptions without worrying about slow network speeds.” In addition to the fast and reliable EDI connections, SD-WAN on the ActiveCore SM SDN Platform helps to configure the business’ network, as well as proactively monitor for, and troubleshoot, connectivity issues across Oakland Pharmacy Inc.’s various locations. Meanwhile, the company’s 4G LTE backup connection is helping to build network redundancy while its Business VoiceEdge® solution is providing great call quality plus a web portal to help manage calls and voicemails. “Our local pharmacies are truly the bastions of our communities. They keep us healthy, whether it’s providing vaccines, medications or other consultation on healthcare best practices,” said Kristeen Cominiello, vice president of Comcast Business in California. “Comcast Business recognizes that connectivity is the key to ensuring that these services continue to reach community members in need, and is proud to offer its support to Oakland Pharmacy Inc.” About Comcast Business Comcast Business offers a suite of Connectivity, Communications, Networking, Cybersecurity, Wireless, and Managed Solutions to help organizations of different sizes prepare for what’s next. Powered by the nation’s largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation’s largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services. For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Adriana Arvizo +1 925-200-1919 Adriana_Arvizo@comcast.com

June 08, 2022 09:05 AM Pacific Daylight Time

Influencers 5X Revenue Scale Has You Covered

TCM DIGITAL

NinjaInfluence, an all-in-one Influencer Marketing AI SaaS platform, provides an affordable yet powerful use of influencer marketing and is stepping up its game. As sales growth shifted across the eCommerce sphere, NinjaInfluence has adapted and challenged itself, providing a plan that will help brands increase their sales—introducing Ninja 5X (Ninja Platinum). The 5X Revenue plan does not limit you by the hour or the number of influencers but focuses on reaching your goals: increasing your sales and increasing your ROI, all while building new and recurring revenue streams. In addition to having the talent of an Influencer Marketing Strategist, you will also work with an Influencer Marketing Manager. S/he will create a strategy for your campaign, do the influencer research and vetting process, and determine the perfect influencers who can showcase your product or service to a new audience. In addition to taking care of the execution, the experienced team will take care of the reporting and analysis of each campaign stage and propose new angles to make the reach most effective. With Ninja x5, your campaigns will take off seamlessly with the best possible impact. NinjaInfluence also offers its NinjaGold package for eCommerce sellers a full hands-on use of its entire features to reach, manage and monetize any influencer marketing campaign for maximum scalability About NinjaInfluence NinjaInfluence is an influencer marketing software that supports users in easily managing their strategies and communicating with influencers/creators. Following up on its predecessor, NinjaOutreach, provides access to over 120 million influencers across Instagram, TikTok, YouTube, and Twitter. In addition to its established search engine, NinjaInfluence offers a multitude of features such as eCommerce integration, full analytics dashboards, a smart search manager, an internal payment platform, a related profile recommendation engine, and a consolidated CRM-like workspace. Scalable and effective through its use of powerful big data technology, NinjaInfluence searches through millions of creators to intelligently identify qualified influencer leads and enables the launch of influencer campaigns with traceable ROI. For more information or a free trial with NinjaInfluence, visit https://NinjaInfluence.com/ or book a demo with us here. Contact Details Gabi Bar +1 845-709-8324 gabi@tcmdigital.com Company Website https://ninjainfluence.com/

June 08, 2022 09:50 AM Eastern Daylight Time

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Pencil partners with Adobe to bring AI-generated ads to brands & agencies

Pencil

Creative AI company Pencil has partnered with Adobe to bring professional-grade, AI-generated video ads to creative teams in brands and agencies. With the mass pivot to ecommerce over the past 24 months, brands have leaned heavily on online advertising to acquire new customers and grow their businesses. However, successful online advertising calls for massive volumes of on-brand, personalized content. Pencil has been using algorithms to help brands & agencies generate online advertising content at 10x lower time and cost, while improving results by 2x, since 2018. During the pandemic, Pencil saw the need for both automation and sustainability with respect to creative jobs as companies began to shift advertising operations online. By integrating Pencil’s AI-generated ads technology with Adobe After Effects, creative teams in brands and agencies now have access to tools allowing them to operate at scale – eliminating repetitive tasks so they can focus on more conceptual work. Powering higher production value AI content with Adobe After Effects capabilities One of the main challenges of AI content generation is the production quality – professional grade transitions, animations and video effects can make or break an ad’s aesthetic, which in turn affects customer engagement and return-on-advertising-spend (ROAS). The superior visual quality enabled by Adobe After Effects gives brands and their marketing strategies an additional edge over their competitors not using AI ads. Improving creative workflows and kindling inspiration with Pencil and Adobe After Effects Integrating Adobe After Effects into Pencil enables professional creative teams already working with Adobe to seamlessly adopt AI content generation within their existing workflows. The integration not only benefits creatives, but also small business owners who can now access professional grade advertising content at an accessible low cost. Whether you’re a professional creative, large brand marketer or small business owner, Pencil joining forces with Adobe After Effects enhances the scale, quality and performance of creative work that you’re able to achieve. Rob Carliner, Co-founder/COO of Angela Caglia Skincare, commented: "Pencil is by far the best way to create winning video ads at scale. By combining Oscar-worthy AI editing software (powered by Adobe After Effects) with AI learning algorithms it effectively eliminates the guesswork out of what makes for winning ad creatives." Will Hanschell, Co-Founder and CEO of Pencil commented: “ Our decision to integrate Adobe After Effects in our platform was an easy one. Being able to provide professional-grade AI content was originally an internal challenge but we were able to turn that around with Adobe After Effects network rendering. It has also allowed us to improve the processes and workflows of our creative users, and allowed them to focus more on shaping quality content rather than repetitive creative tasks.” In addition to its new Adobe After Effects integration, Pencil leverages proprietary technology to generate video, derive insights and make predictions, as well as integrating the OpenAI API to generate ad copy. The OpenAI API provides access to GPT-3, one of the world’s most powerful language models. Pencil is among the companies approved to use it commercially. This approval requires strict criteria in AI safety and ethics. About Pencil Pencil is a Creative AI company on a mission to generate unexpected ideas that get results. Pencil generates ads that learn to perform, delivering the return on ad spend that helps brands scale their businesses. Pencil’s AI-generated ads are a new way of making ads that algorithmically optimise for creative novelty, brand relevance and return on advertising spend. It always starts from a human brief and it always involves total human editorial control. Pencil’s Creative AI platform generates ads in minutes and has been shown to double returns for brands. Pencil was founded in 2018 with a team from Google, Meta and Uber and is backed by Sequoia Capital India’s Surge, Wavemaker Partners, Singapore Innovate and Entrepreneur First. For further information visit: https://www.trypencil.com Contact Details Pencil Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.trypencil.com/

June 08, 2022 09:00 AM Eastern Daylight Time

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Simpay Selects Fee Navigator to Accelerate Growth

Simpay

Simpay, a full-service payments, payroll, and POS provider, expands partnership with Fee Navigator to power their next phase of growth. Simpay's CEO & Founder, Lazaros Kalemis, noted "This is an exciting next step for Simpay and Fee Navigator. As an innovative organization ourselves, we’re always looking to improve our services by continually updating our tech stack, which ultimately benefits our customers. The next level capabilities Fee Navigator is introducing, allows us to serve our customers faster and more accurately." The partnership expansion includes greater access to Fee Navigator’s feature-rich technology. Simpay ’s tech-enabled salesforce will be able to respond more quickly to opportunities. "When we meet with a merchant, we want to be able to help, right away. That's the Simpay way. When the discussion touches on existing processing fees and what we can offer, we instantly crunch data with Fee Navigator. There is no other tool on the market that gives us this level of response. If we come across a poor quality statement, something harder to read, or in an unconventional format, Fee Navigator provides Simpay with a team of number crunching experts, ready to turnaround statements immediately, so our people just have to focus on what they do best: sell and support our customers." said Josh Elsass, Chief Sales Officer. CEO of Fee Navigator, Adrian Talapan, added "Simpay is one of our favorite customers, because they push the envelope on what is possible when you combine advanced tech with customer-obsessed delivery. Besides the core instant statement analysis and proposal solution and the full-service capability we offer, we are excited to introduce in the next few months our AI Virtual Agent (AIVA). Imagine being able to craft digital customer experiences that combine prospect information with your firm's own data and with Fee Navigator's data, all packaged and delivered in 5 lines of code, with full design and logic customization that requires no IT involvement. Our powerful engine processes it all, and pushes the data to webhooks or APIs for consumption inside other downstream applications, such as onboarding etc. Yes, this means that even instant proposals based on real-time customer segmentation could be possible." About Fee Navigator Award-winning, AI and crowd-powered Fee Navigator empowers ISOs, banks, acquirers, ISVs and the payments ecosystem to instantly analyze, price, and propose merchant accounts. Ancillary lead funnels, email bots, and APIs enable digitally native experiences for future growth. The solution dramatically increases sales and profitability, while at the same time lowering training costs and generating time savings that could be applied elsewhere. For more information, please email info@feenavigator.com or call 844-333-4888. About Simpay Simpay, a Trevose, PA-based company, provides payment acceptance, employee management solutions, POS systems, and growth tools for businesses across North America. Since our very beginnings in 2000, our commitment to quality and transparency has been the basis of everything we do. For more information on partnering with Simpay, visit https://partners.simpay.net/ or email Marketing@simpay.net Contact Details Simpay marketing@simpay.net Company Website https://www.simpay.net/

June 08, 2022 09:00 AM Eastern Daylight Time

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Volatus Aerospace expands Latin American presence through Joint Venture

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") announces a joint venture with EOLO Drones S.A.C. ("EOLO") signed on June 2, 2022. The business will be called Volatus Aerospace LATAM and will expand Volatus' commercial operations in Latin America. Under the terms of the agreement, which includes commercial activities for both civil and governmental entities, Volatus Aerospace holds 75% equity, with EOLO holding the remaining 25%. “Latin America is a vast, emerging market with exciting opportunities for drones in sectors such as mining, infrastructure, renewable energy, and agriculture,” said Luc Masse, Executive Vice President of Volatus. “Success in this region requires an understanding of language, culture, and local legislation. Volatus Aerospace LATAM will represent our brand throughout South America and execute our expansion using a strategy adapted specifically to these markets.” "Canada’s largest defence and security trade show, CANSEC, was a tremendous success for Volatus. Given the number of international delegations, it seemed appropriate to sign our joint venture with EOLO at the conference," said Glen Lynch, Volatus CEO. "Our business has expanded in Latin America, and it’s an important market for us. We are looking forward to attending Peru's inaugural drone conference this year, and I'm grateful for the personal invitation we received from Lieutenant-General Carlos Chávez Cateriano, Chief of Staff for the Peruvian Air Force." Bruno Leoni, CEO of EOLO, stated: "I am proud that we have elevated our partnership to expand our services and products across Latin America. We look forward to identifying opportunities in the market and leading the expansion. I would like to thank Volatus for making us welcome at CANSEC and choosing us to be their South American partners." About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

June 08, 2022 07:46 AM Eastern Daylight Time

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