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PathAI Announces Launch of AI-based Measurement of Metabolic Dysfunction-Associated Steatohepatitis ("AIM-MASH") on the AISight Image Management System

PathAI

PathAI, a global leader in artificial intelligence (AI) and digital pathology solutions, is proud to announce the launch of its AIM-MASH 1 product on the AISight Ⓡ 1 Image Management System (IMS). This product provides advanced AI-based measurement (AIM) to support the analysis of MASH Clinical Research Network (CRN) Metabolic Dysfunction-Associated Steatotic Liver Disease (MASLD) Activity Score (MAS) component grades and fibrosis staging. The launch of AIM-MASH on AISight aims to increase the reproducibility and scalability of pathologists' assessments and management of MASH cases, which are projected to reach 27 million in the US alone by 2030 2. PathAI's AIM-MASH AI-based measurement tools have been utilized in over 20 presentations and publications, demonstrating their effectiveness in assisting pathologists with MASH CRN scoring in clinical trials; bringing them to the AISight IMS enables a seamless connection between trial and laboratory settings. These tools have been rigorously evaluated via a comprehensive multi-site analytical validation study using diverse datasets from four different trials 3. They have proven to be reliable and effective in helping pathologists make MASH assessments with: Highly Sensitive and Specific Review: AIM-MASH's model overlays have been validated by multiple pathologists for their high specificity and sensitivity in guiding reviews of MASH biopsies and accurately highlight key areas such as artifact, steatosis, hepatocellular ballooning, lobular inflammation, and fibrosis 3. Repeatable and Reproducible Assessments: AIM-MASH algorithm outputs have shown higher repeatability and reproducibility compared to intra- and inter-pathologist agreement for manual reads, confirming its precision in measuring the CRN scoring system components in liver biopsies from MASH patients 3. Increased Scoring Confidence: Validation studies have shown that AIM-MASH algorithm outputs are comparable to pathologist assessments, providing accurate first reads equivalent to those of expert pathologists to aid pathologists in their final assessment. 3 Global Collaboration: The AISight digital IMS allows expert GI Liver pathologists to review cases regardless of their location. This eliminates the need for time-consuming and costly shipping of glass slides and provides opportunities to utilize the MASH experts. The practical application of AI in MASH assessments was highlighted in a recent case study conducted by PathAI Diagnostics (now Ameripath, at its Memphis, TN-based laboratory) 4. This study demonstrated the synergy between traditional pathology and AI, showcasing how AI-assisted pathology can enable more precise evaluation of histologic features relevant to MASH, including steatosis, lobular inflammation, and fibrosis. "We are thrilled to introduce AIM-MASH on the AISight IMS platform," said Andy Beck, MD, PhD, CEO of PathAI. "This product is a game-changer for drug development, as it supports pathologists in making high-quality, reproducible MASH assessments. With AIM-MASH on AISight, pathologists can increase their confidence in pathology reads and decision-making, as if they have the world's expert liver pathologists assisting with every slide, helping with simplifying the complex task of scoring and evaluation." Dr. Arun J Sanyal, Professor and Interim-Chief of the Division of Gastroenterology, Hepatology, and Nutrition at Virginia Commonwealth University and co-investigator of the AIM-MASH analytical and clinical validation study, adds: "The data supports the use of AIM-MASH by pathologists in clinical trials as a method to resolve the accuracy and precision gaps in MASH assessment while guiding pathologists in an efficient evaluation to result in a standardized and reproducible score." The addition of AIM-MASH broadens the set of tools available through AISight to assist pathologists in making reproducible and efficient assessments of MASH. This announcement addresses a crucial gap in pathology labs — the lack of a standardized system that ensures consistent, accurate, and reproducible assessments, particularly for challenging conditions like MASH. With AIM-MASH on AISight IMS, PathAI aims to provide digital and AI tools to assist pathologists in making precise and reproducible assessments at scale, along with workflow optimization features, empowering pathology labs worldwide. References: 1: AIM-MASH and AISight are for Research Use Only. Not for use in diagnostic procedures. 2: Estes C, Razavi H, Loomba R, Younossi Z, Sanyal AJ. Modeling the epidemic of nonalcoholic fatty liver disease demonstrates an exponential increase in burden of disease. Hepatology. 2018 Jan;67(1):123-133. https://doi.org/10.1002/hep.29466. Epub 2017 Dec 1. PMID: 28802062; PMCID: PMC5767767. 3: Pulaski, Hanna, et al. “Analytical and Clinical Validation of AIM-NASH: A Digital Pathology Tool for Artificial Intelligence-Based Measurement of Nonalcoholic Steatohepatitis Histology.” MedRxiv (Cold Spring Harbor Laboratory), 29 May 2024, https://doi.org/10.1101/2024.05.29.24308109. Accessed 22 July 2024. 4: Kinsey, S., Reed, M., Parsell, T. “Practical Clinical Application of Artificial Intelligence in Metabolic Dysfunction Associated Steatohepatitis (MASH) – A Case Study Highlighting the Synergy between Traditional Pathology and AI.” PathAI, 2024. About PathAI PathAI is a leading provider of integrated AI and digital pathology solutions, dedicated to transforming diagnostic accuracy and operational efficiency in pathology labs worldwide. Through innovative technologies and strategic partnerships, PathAI aims to enhance patient outcomes and drive the future of medical diagnostics. Contact Details SVM Public Relations and Marketing Communications +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

August 13, 2024 09:00 AM Eastern Daylight Time

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AmeriLife Names Michael Tobitsch Executive Vice President and Head of Corporate Development

AmeriLife

AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that Michael Tobitsch has been named Executive Vice President and Head of Corporate Development. Reporting to AmeriLife’s Chairman and Chief Executive Officer, Scott R. Perry, Tobitsch will lead the company’s corporate development efforts to source and execute acquisition opportunities, assess their strategic fit, and work closely with AmeriLife’s affiliates and partners to support the company’s growth objectives. In addition, Tobitsch will oversee innovations to the company’s affiliate onboarding processes and ensure the cultural and technical integrations for new partners is efficient and seamless. "For the last seven years, AmeriLife’s Chief Financial Officer Jim Quinn has served as an incredible steward of our corporate development efforts, overseeing a level of growth unsurpassed in AmeriLife’s 50-plus year history,” said Perry. “As our business becomes more complex and Jim’s remit continues to grow, we’re thrilled to welcome Michael and have a leader fully dedicated to AmeriLife’s expansive M&A activities. His experience and innovative approach to partnership development will undoubtedly propel our strategic initiatives forward, enhancing our ability to expand our distribution opportunities and help AmeriLife realize its growth ambitions.” “After 15 terrific years at Marsh McLennan, it’s a privilege to join Scott and the high-performing AmeriLife team to help continue their impressive growth journey,” added Tobitsch. “AmeriLife operates from a position of strength, and I look forward to helping deliver best-in-class products, solutions, and capabilities through a high-impact, programmatic acquisition agenda.” Tobitsch joins AmeriLife from global professional services company Marsh McLennan in New York. As Managing Director of the firm’s Strategy & Corporate Development group, he managed a high-performing team of investment professionals who together deployed more than $1 billion of capital annually into global acquisitions across the insurance and investment management industries. Tobitsch began his career in investment banking with Wells Fargo Securities. Tobitsch received his B.S. from Boston University’s Questrom School of Business. An avid traveler and New York Mets fan, Tobitsch resides in Connecticut with his wife and two young daughters. ### About AmeriLife AmeriLife’s strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. In doing so, AmeriLife has become recognized as an industry leader in developing, marketing and distributing life and health insurance, annuities, and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. For more than 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers served through a national distribution network of over 300,000 agents and financial professionals and more than 120 marketing organizations and insurance agencies. For more information, visit AmeriLife.com, and follow AmeriLife on Facebook and LinkedIn. Contact Details Media Jeff Maldonado media@amerilife.com Partnership Inquiries Patrick Nichols corporatedevelopment@amerilife.com Company Website https://amerilife.com/

August 13, 2024 09:00 AM Eastern Daylight Time

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NAVEX Announces 13th Annual NAVEX Next Risk & Compliance Virtual Conference

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, today announced its thirteenth annual NAVEX Next Risk and Compliance Virtual Conference, scheduled for Thursday, September 19, 2024. One of this year’s keynote sessions will feature Cy Wakeman, a New York Times best-selling author and Global Gurus’ 2023 World’s #1 Leadership Guru, recognized for her reality-based approach to leadership. Backed by over 25 years of unparalleled experience partnering with top brands spanning all industries, Wakeman will deliver a provocative keynote on how an over-emphasis on creating employee engagement can negatively impact company performance. NAVEX Next is one of the largest risk and compliance conferences in the world, attracting over 110,000 professionals since its inception in 2012. It brings together practical guidance and best practices for industry professionals across disciplines and departments including risk management, compliance, legal, human resources/training, audit, IT, privacy, supply chain and procurement. In all, NAVEX Next 2024 features 28 session speakers representing companies such as The Coca-Cola Company, CDL Nuclear Technologies, and CBRE. The prestigious lineup will share their expertise in building ethical cultures, risk mitigation, and smart governance. The agenda features 15 sessions diving into critical challenges and opportunities compliance professionals face today. Sessions include: The EU Regulatory Survival Guide: Your Essential Guide to EU Compliance Behind the Label: Ensuring Human Rights in Your Global Supply Chain AI Governance & Risk Management Compliance Diagnostics in US Healthcare CCO 3.0: How Compliance and Risk Work in Harmony NAVEX Next will end with a keynote session by Alison Taylor, Clinical Associate Professor at NYU Stern School of Business and Executive Director of Ethical Systems, on building ethical cultures. She has spent the past two decades consulting with multinational companies on anti-corruption, human rights, and stakeholder engagement, including as a Senior Advisor at sustainability non-profit BSR, a member of the board at Venture ESG, and a Sustainability Advisor at Zai Lab, KKR, and Pictet Group. The NAVEX Next virtual conference is free of charge and open to anyone interested in expanding their knowledge and enhancing their organization’s risk and compliance programs. It offers a low-pressure environment for attendees to engage with today’s biggest GRC challenges. Click here to register and to access the full agenda and profiles of all scheduled speakers. NAVEX is the recognized leader in risk and compliance management software and services, empowering thousands of customers around the world to manage and mitigate risks with confidence. NAVEX’s mission is to help customers promote ethical, inclusive workplace cultures, protect their brands, and preserve the environment through sustainable business practices. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details NAVEX +1 617-388-5773 MediaRelations@navex.com Company Website https://navex.com

August 13, 2024 09:00 AM Eastern Daylight Time

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Benchmark International Unveils the 2024 Global Real Estate, Lodging & Leisure Industry Report

Benchmark International

Benchmark International is excited to announce the release of its 2024 Global Real Estate, Lodging & Leisure Industry Report. This comprehensive report delivers critical insights into the evolving dynamics and future prospects of the real estate, lodging, and leisure sectors on a global scale. The 2024 Global Real Estate, Lodging & Leisure Industry Report offers an in-depth analysis of the latest trends, investment opportunities, and challenges shaping these industries. As the global economy continues to recover and adapt, this report provides a strategic perspective on the factors influencing market performance and growth. Report Highlights Include: Sector Overview: A detailed examination of the current state of the real estate, lodging, and leisure industries, including market performance, emerging trends, and key drivers of change. Investment Insights: Analysis of recent investment patterns, highlighting notable transactions and providing guidance on where opportunities lie for investors and industry stakeholders. Market Challenges and Opportunities: A review of the primary challenges facing the sectors, such as regulatory changes and market fluctuations, alongside emerging opportunities for growth and innovation. Future Projections: Forecasts and expectations for the coming year, including anticipated trends and potential impacts on the real estate, lodging, and leisure markets. Benchmark International remains dedicated to offering valuable research and analysis to support strategic planning and business development. The release of this report reflects the firm’s commitment to delivering high-quality, actionable intelligence to its clients and partners. For more information and to access the full 2024 Global Real Estate, Lodging & Leisure Industry Report, please visit: https://www.benchmarkintl.com/insights/featured-content/2024-global-real-estate-lodging-leisure-industry-report/ ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

August 13, 2024 09:00 AM Eastern Daylight Time

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‘San Juan Domino Challenge’ Distrito T-Mobile – Thursday, October 17th, 2024

21 Events, Inc.

San Juan, PR — August 13, 2024 — ( NOTICIAS NEWSWIRE ) — The International Domino Federation (IDF) and the National Domino Federation of Puerto Rico (NDFPR), are excited to announce an exhilarating domino challenge set to take place on Thursday, October 17, 2024, at Popular Plaza, located in the DISTRITO T-Mobile in San Juan, Puerto Rico. This highly anticipated challenge promises to be an exciting blend of strategy, skill, and entertainment attended by sports celebrities, Domino Aficionados from the U.S., Dominican Republic and Puerto Rico competing in a heated challenge from 5:00 PM to 11:00 PM, for a share of the $20,000 in prizes and featuring live musical performances, ensuring a memorable experience for all attendees. This spectacular event is being presented by Puerto Rico Convention District Authority (PRCDA), Discover Puerto Rico, Holsum, and Monster Energy. “We are excited to sponsor events that bring entertainment diversity to our Convention District. I am looking forward to welcoming all participants of the San Juan Domino Challenge to our beautiful island and hope they have a memorable experience in Puerto Rico” said Mariela Vallines Fernández, executive director of the Puerto Rico Convention District Authority (PRDCA). “It is an honor to present the San Juan Domino challenge in such a prestigious venue, such as the DISTRITO T-Mobile, in San Juan, Puerto Rico, elevating the game of Dominoes, in association with the International Domino Federation (IDF), the National Domino Federation of Puerto Rico (NDFPR) and the Department of Recreation & Sports in Puerto Rico (DRD)” stated Ralph Paniagua, Event Producer, 21 Events. We invite everyone to join us for an unforgettable evening of competitive play, musical entertainment and community spirit. Domino Aficionados interested in, register at: www.SanJuanDominoChallenge.com About PRCDA Puerto Rico Convention District Authority (PRCDA) is a public corporation created under Law Number 351 of September 2nd of 2000, as amended. Its mission is to develop and operate the Convention District, positioning Puerto Rico as a world-class business, tourism, and entertainment destination. PRCDA’s objectives include efficiently managing prominent venues, revitalizing urban areas, promoting job creation and business opportunities, and acting as a facilitator in partnership with the private sector. About 21 Events 21 Events, a fully integrated Latino marketing firm with 20 years of experience in producing marketing solutions and events in Sports and Entertainment that drive measurable results for our fortune 500 clients seeking true engagement with Latino consumers. About International Domino Federation The International Domino Federation is a leading organization committed to the global promotion and regulation of dominoes as a competitive sport. Working with national federations, the organization aims to elevate the profile of dominoes and support its players worldwide. Through events like the upcoming tournament in Puerto Rico, FID aims to bring together players of all levels for fun, competition, and camaraderie. About FNDPR The National Domino Federation of Puerto Rico (FNDPR) is dedicated to fostering the love and skill of dominoes within Puerto Rico. The federation organizes events, supports local players, and collaborates with international bodies to enhance the sport’s reputation and expand its reach. Contact Details Zaida Colón +1 787-429-2923 colon.zaidapr.com@gmail.com

August 13, 2024 09:00 AM Eastern Daylight Time

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iLearningEngines – Hear From The Chief Architect Of This Applied AI Platform

Benzinga

By Johnny Rice, Benzinga Sanjeev Menon, Chief Architect - AI/ML for iLearningEngines (NASDAQ: AILE), was recently a guest on Benzinga’s All-Access. iLearningEngines is an Applied AI platform for learning & work automation. It reports being one of the fastest-growing technology companies in North America. AI can help revolutionize learning in big and small organizations, and iLearningEngines is proving that. The company has grown with a nearly 50% CAGR over the last 5 years. It says it has done this by consistently delivering a product customers are satisfied with, leading to a retention rate that well exceeds the industry standard. As Chief Architect, Mr. Menon shared his deep insights into how his company’s AI functions and what makes it unique. Learn more here: Featured photo by Christopher Gower on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:55 AM Eastern Daylight Time

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Personalized Learning With AI – This Company Is Delivering Results Globally

Benzinga

By Johnny Rice, Benzinga Roger Hamilton, CEO of Genius Group (AMEX: GNS), was recently a guest on Benzinga’s All-Access. Genius Group is a leading provider of AI-powered, digital-first education solutions that is attempting to disrupt the highly standardized system of traditional education with a personalized, flexible and life-long learning curriculum for the modern student. The company recently announced that it has secured a $22 million ‘Genius Nation’ contract with the Government of the Republic of Kazakhstan, enabling the development of a Sovereign AI in the country. Learn more here: Featured photo by dlxmedia.hu on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:50 AM Eastern Daylight Time

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Deals With Automotive Companies, Top National Security Organization And More: What Aeva Technologies Has Been Up To This Year To Become A Market Leader

Benzinga

By Meg Flippin, Benzinga From trains to trucks, self-driving vehicles and robots will someday rule the world. That’s thanks to companies like Aeva Technologies Inc. (NYSE: AEVA), which are churning out the components that make an autonomous world a reality. Aeva makes LiDAR sensors for use in vehicles, trucks and trains. The sensors act as eyes, providing 3D views of the surroundings. They can also be used in fixed locations to provide monitoring and security. What Aeva says sets it apart from rivals is its Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology, which uses a low-power continuous laser beam to measure range and velocity at the same time. Aeva says it unlocks new levels of safety and automation by instantaneously discriminating between static and dynamic points and knowing the precise velocity of dynamic objects. Making Deals That edge isn’t going unnoticed. Aeva’s sensors are increasingly finding their way into the autonomous vehicles and machines of big-name players. After all, they know that for self-driving cars, trucks, buses and trains to be ubiquitous, safety is of the utmost importance. Take Aeva’s recent deal with Daimler Truck AG and Torc Robotics, Inc. for starters. Daimler Truck is using Aeva’s sensors in its Class 8 Freightliner Cascadia autonomous truck platform. Daimler Truck intends to integrate the LiDAR sensors directly into its production process, making it easy for customers to buy autonomous-ready trucks directly from its manufacturing plants. Daimler Truck said it chose Aeva’s LiDAR sensors because of its ability to provide enhanced safety and control. “Daimler Truck is committed to leading the industry’s advancement toward autonomous trucks. Selecting the right LiDAR technology is a crucial strategic decision to safely deploy autonomous trucks on the road,” said Joanna Buttler, Head of Global Autonomous Technology Group at Daimler Truck. “We are convinced that Aeva with its cutting-edge and reliable technology is the right production partner for LiDAR sensors and has the manufacturing capabilities to scale along with us.” Overall in the automotive market, Aeva seems to be gaining momentum with the top ten global original equipment manufactures and expects an RFQ award decision from one of them in 2024. What’s more, the company started a collaboration with another global ten OEM to integrate Aeva’s FMCW Lidar. “In automotive, we have made significant progress on opportunities with multiple global top 10 passenger vehicle OEMs,” said Soroush Salehian, Co-Founder and CEO of Aeva during the company’s second-quarter earnings conference call. “With one top passenger OEM, we continue to expect the award decision later this year and with another top passenger OEM, we began a new collaboration around 4D LiDAR vehicle integration.” Expanding Into New Markets On top of Aeva’s progress in the automotive market, the company is making inroads in new markets. That was on display in late July when Aeva won a deal with a top national defense security organization to supply its 4D LiDAR technology to help protect critical energy infrastructure sites across the United States. Aeva’s sensors are expected to be the primary detection sensors to protect sensitive locations in various facilities, including water entries and exits and perimeter fences. Aeva says it was selected because of its FMCW-based technology. Meanwhile, its deal to produce sensors for Nikon industrial machines to scan objects coming off an assembly line for defects is also making progress, with the company on track for the first industrial precision product with Nikon in the fourth quarter of 2024. Then there’s Aeva’s deal with the sector initiative Digitale Schiene Deutschland. Aeva’s 4D LiDAR technology is being used in the group’s AutomatedTrain project. The AutomatedTrain project, funded by the German Federal Ministry of Economic Affairs and Climate Action with collaboration from ten partners, including Siemens Mobility and Bosch Engineering, aims to create and trial driverless, fully automated passenger trains by 2026. “We continue to achieve key milestones on our production programs with Daimler Truck in auto and Nikon in industrial while also making significant strides on additional automotive opportunities with multiple global top 10 passenger OEMs looking to adopt 4D LiDAR,” said Salehian. “Our increasing list of wins and the significant progress on new opportunities are further indication of the growing demand for our products across a diverse mix of markets and Aeva's leadership position to drive this adoption with our 4D LiDAR technology. Aeva is in the final stages of a number of key opportunities and continues to advance on other engagements across automotive and beyond.” Keep a look out for more Aeva Technologies Inc. announcements here. Featured photo by Samuele Errico Piccarini on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:40 AM Eastern Daylight Time

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VenHub’s Wants To Revolutionize Retail Through Its Fully Autonomous Retail Robots, But Some Have Objections – Here’s Why Consumers May Not Need To Worry

Benzinga

By Anthony Termini, Benzinga VenHub, developer of fully autonomous and robotic plug-and-play Smart Stores that can be delivered, unpacked and merchandised virtually anywhere in the world within a few days, believes that its technology solution will dramatically reshape the retail landscape in the coming years. But can VenHub overcome some potential obstacles to transforming the industry? Objection #1: There Will Be A Greater Chance Of Theft The National Retail Federation says that theft costs retailers more than $100 billion annually. A large portion of that is attributable to shoplifting. These types of losses are especially costly for traditional brick-and-mortar retailers, who typically have very tight operating margins. Furthermore, smash and grabs have also been in the news in recent years. The VenHub solution resolves these two interconnected problems. VenHub modules are designed for security and protection. They are constructed with insulated walls, monitoring systems and bulletproof glass. As such, they are resistant to theft, riots and fires, and each of these attributes leads to reduced operating expenses and expanded margins for the retailer. Objection #2: An Autonomous Store Leads To Job Losses Management consultants, McKinsey & Company note that attrition in retail has always been very high. It notes that employee turnover has been 60% or higher for a long time. According to VenHub, it is especially difficult to find workers to staff 24/7 stores. Many of these retailers must rely on transient workers. Furthermore, VenHub is creating a technology solution, which puts it in a position to continuously expand its team of highly skilled workers. As with each previous evolution of any industry, VenHub says that more jobs get created than eliminated. In most cases, the wages new industries create are higher than what individuals may have made previously. The net effect is that VenHub will create more high-paying jobs than the number of low-wage jobs that might be displaced. Objection #3: The Technology Is Too New And Consumers Won’t Adapt A similar sentiment was expressed at the advent of eCommerce. The U.S. Federal Reserve notes that online sales accounted for 0.6% of all retail transactions in America at the end of 1999. Today online sales represent about 16% of retail purchases, totaling more than $289 billion. People often say that convenience and avoiding crowds draw them to purchase online. The VenHub Smart Store delivers these same benefits. Objection #4: People Aren’t Ready For A Fully Autonomous Experience Research from tax and accounting consultants Deloitte suggests that retailers need to leverage new markets, explore new business models and change the mechanics of the way they do things. It says that demand-driven retail requires product offerings that are specifically designed and targeted for various consumer groups. VenHub offers retailers complete discretion on how to merchandise their Smart Stores, so they can be tailored to satisfy the specific demands of a local or neighborhood market. Richard Kestenbaum, a partner at investment banking firm Triangle Capital, says that the future of retail will be hybrid channels that include the strengths of both physical and digital retail. This is exactly what the app-based VenHub Smart Store delivers to consumers. Objection #5: A Fully Autonomous Store Won’t Work In Rural Communities According to the U.S. Department of Agriculture (USDA), communities with populations between 2,500 and 20,000 have witnessed a significant decrease in the number of grocery stores since 1990. They have been replaced mostly by convenience stores. The USDA also points out that some 80% of Americans must drive five miles or more to reach the closest grocer. VenHub can help resolve both issues. Smart Stores can be located closer to shoppers, even in remote communities, because they can be solar-powered. In addition, a Smart Store’s merchandise can be tailored to the local community instead of stocked with what a national chain believes should be on the shelves. VenHub: The Company Looking To Revolutionize Retail To date, more than 800 VenHub Smart Stores have been pre-ordered globally. The stores use an app-based ordering system that makes items available to consumers 24/7. Using artificial intelligence and smart inventory management systems, the stores generate revenue around the clock. The prefab VenHub Smart Store is an expandable 800-square-foot plug-and-play storefront technology that can be delivered, unpacked and installed in just a few days. VenHub is on the path to issuing shares to the public in a Regulation CF offering. Issuance Express is facilitating the distribution. Investors interested in this company’s shares may still have an opportunity to invest, but only until August 21st. The offering is highlighted on the Issuance Express portal. Featured photo of Choctaw Bluff Alabama General Store from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:35 AM Eastern Daylight Time

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