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Comcast Plans Major Network Expansion in Texas

Comcast Houston

Comcast announced today it will significantly expand its next-generation network, the Xfinity 10G Network, in a major way across several southeast Texas counties in 2023. The media and technology company said it will invest more than $100 million to install at least one thousand miles of new fiber-rich highways that will reach up to 80,000 homes and businesses by the end of this year. The planned expansions add to Comcast’s ongoing $2.8 billion investment in Texas over the last three years. Network expansion efforts will begin in Kingwood, Pinehurst, Prairie View, Waller, New Caney and Conroe. Construction will continue in other communities that have ongoing network infrastructure builds in the Houston area. Construction has started in Kingwood, which will be the largest expansion of the year; it is expected to be complete by the end of 2023 and will reach nearly 24,000 Kingwood homes and businesses. These locations will have the foundational next-generation network in place to begin deploying DOCSIS 4.0, setting the stage for the introduction of new symmetrical multi-gigabit Internet options. “We will bring our fiber-rich network to twice the number of homes and businesses this year compared to the number we passed last year,” said Ralph Martinez, Senior Regional Vice President of Comcast’s Texas Region. “Southeast Texas’ rural and suburban communities have been growing fast, and we are building out our next-generation Comcast network in tandem with the growth. We will continue to expand to even more rural communities in the next few years.” Once complete, Comcast, the nation’s largest provider of 1.2 Gigabit per second speeds, will give consumers access to reliable and fast Xfinity Internet and Xfinity Mobile service that outperforms its competitors. Comcast engineers have also developed multiple artificial intelligence and machine learning technologies that make the network faster and more reliable while delivering up to 100 Gbps for Comcast Business customers. In addition, Comcast’s next-generation technology provides multiple layers of security that automatically detect and block hundreds of thousands of cyber events every second, and a Smart Network that automates many core network functions and dramatically reduces the number of outages. “Access to reliable internet and telecommunications services is something that we cannot go without in our day-to-day activities,” said Houston Mayor Pro-Tem and Kingwood resident, Dave Martin. “Comcast and their new construction project in Kingwood is a perfect example of a business working to bridge the gap to connect more people to much-needed services while increasing accessibility to much-needed services and their dependability. I appreciate Comcast’s partnership and commitment to District E.” Comcast is also committed to addressing digital equity in communities we serve, through Project UP, the company’s $1 billion dollar commitment to help tens of millions of people connect to the internet and build futures of unlimited possibilities. Last year, Comcast Texas invested more than one million dollars to help local community organizations provide personalized digital skills training, offer workforce development/readiness workshops and other tech education to students, adults, and people with disabilities. The funding also supports ongoing efforts to build awareness about connectivity programs like Internet Essentials and the federal government’s Affordable Connectivity Program (ACP), which offers eligible households up to $30/month credit, or up to $75 for households on tribal lands, for home Internet. Comcast proudly participates in the Affordable Connectivity Program, and offers Internet Essentials Plus, a $29.95/month home Internet service that is effectively free for eligible households, once the ACP credit is applied. Interested customers can visit Xfinity.com/ACP or call 1-800-Xfinity to learn more about this program and find out if they qualify. For more construction details and updates, visit ComcastTexas.com/Expansion. Powered by the Xfinity 10G Network Comcast’s next-generation network and Internet experience are powering homes today and into the future: · Ultimate Capacity: Xfinity customers connect nearly 1 billion devices across the company’s network annually. The Xfinity 10G Network with the next-generation Xfinity gateways deliver the most advanced WiFi technology carrying three times more bandwidth to power streaming, gaming, videoconferencing, and more, simultaneously. · Fastest Internet: 10 million+ Xfinity Internet customers subscribe to gigabit speed products, and Ookla rated Xfinity the fastest Internet provider at the end of 2022*. Symmetrical gig speeds to the first homes are planned for later this year. · Unprecedented Coverage: The latest Xfinity Gateway provides a more reliable connection throughout the home. Customers can get wall-to-wall WiFi coverage with a powerful xFi Pod that extends coverage to hard-to-reach areas, with plans for an offering of increased support for in-home WiFi through a “boost guarantee” later this year. · Most Reliable Connection: Comcast is scaling the nation’s largest and most reliable network – the Xfinity 10G Network – that passes 60 million homes and business and counting. The company plans to launch a new device that is “storm-ready” with cellular and battery backup to help keep customers connected even when the power goes out. · Ultra-Low Latency: The Xfinity 10G Network and the latest xFi Gateway are a powerful combination that deliver ultra-low latency for those moments when response times matter most like video games, a fast-growing category with Xfinity households averaging more than one gaming console per home. For local businesses, 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. 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. Ookla’s SpeedtestTM Market Index report shows that Xfinity delivered the fastest median download speeds to its Internet customers in the United States for the final quarter of 2022. Contact Details Comcast Steve Campion +1 832-920-2001 Steve_Campion@Comcast.com Company Website https://houston.comcast.com/

February 20, 2023 10:08 AM Central Standard Time

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CORRECT & REPLACE: Cooper Standard Reports Fourth Quarter and Full Year 2022 Results and Provides Guidance for Improved Full Year 2023 Outlook

Cooper Standard

Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2022. Fourth Quarter Summary Sales of $649.3 million, an increase of $48.0 million compared to fourth quarter 2021 Net loss of $88.1 million or $(5.12) per fully diluted share, improved by $14.1 million compared to fourth quarter 2021 Adjusted net loss of $31.9 million, or $(1.85) per fully diluted share, improved by $18.4 million compared to fourth quarter 2021 Adjusted EBITDA of $27.6 million increased by $25.6 million as compared to fourth quarter 2021 Year-end cash balance of $187 million; continuing strong total liquidity of $342 million Full Year Summary Sales of $2.53 billion, an increase of $195.2 million compared to 2021 Net loss of $215.4 million or $(12.53) per fully diluted share, improved by $107.5 million compared to 2021 Adjusted net loss of $171.5 million, or $(9.98) per fully diluted share, improved by $50.8 million compared to 2021 Adjusted EBITDA of $37.9 million increased by $45.9 million as compared to 2021 Net new business awards on electric vehicles of $126 million in the fourth quarter and $198 million for the full year 2022; Total net new business awards of $122 million in the fourth quarter and $246 million year for the full year 2022 “We continued to make progress in the fourth quarter and improved our results throughout 2022,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “Our performance in terms of product quality, new program launches, on-time delivery and safety have never been better, despite the challenging macro environment in our industry. As a result, our customers have remained supportive and have trusted us with significant business awards on new platforms, which bodes well for our outlook in 2023 and beyond.” Consolidated Results The year-over-year increase in fourth quarter sales was primarily attributable to favorable volume and mix, including enhanced commercial agreements, partially offset by unfavorable foreign exchange. The year-over-year improvement in fourth quarter net loss was driven primarily by favorable volume and mix, including enhanced commercial agreements, improved manufacturing efficiency, lower selling, administrative and engineering (SGA&E) expense and lower income tax expense. These positive factors were partially offset by continuing increases in raw material costs, higher wages, general inflation, higher interest expense, asset impairment charges and unfavorable foreign exchange. The year-over-year improvement in fourth quarter adjusted EBITDA was driven primarily by favorable volume and mix, including enhanced commercial agreements, improved manufacturing efficiency, and lower SGA&E expense. These positive factors were partially offset by continuing increases in raw material costs, higher wages, general inflation, and unfavorable foreign exchange. For the full year 2022, sales increased primarily due to improved volume and mix including enhanced commercial agreements, partially offset by unfavorable foreign exchange. The year-over-year improvement in full year net loss was primarily driven by favorable volume and mix, including enhanced commercial agreements, improved manufacturing efficiency, lower SGA&E expense and lower income tax expense. These positive factors were partially offset by continuing increases in raw material costs, higher wages, general inflation, higher interest expense, asset impairment charges and unfavorable foreign exchange. The year-over-year improvement in full year adjusted EBITDA was driven primarily by favorable volume and mix, including enhanced commercial agreements, improved manufacturing efficiency, and lower selling, administrative and engineering (SGA&E) expense. These positive factors were partially offset by continuing increases in raw material costs, higher wages, general inflation, and unfavorable foreign exchange. Adjusted net income (loss), adjusted EBITDA, adjusted earnings (loss) per diluted share and free cash flow are non-GAAP measures. Reconciliations to the most directly comparable financial measures, calculated and presented in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”), are provided in the attached supplemental schedules. New Business Awards Electric vehicle trends continue to create opportunity for Cooper Standard. During the fourth quarter of 2022, the Company received net new business awards on electric vehicle platforms representing approximately $126 million in incremental anticipated future annualized sales. Total net new business awards in the quarter were $122 million. For the full year 2022, the Company's net new business awards totaled approximately $246 million, including $198 million in new awards on electric vehicle platforms. The Company believes its world-class engineering and manufacturing capabilities, its innovation programs and its reputation for quality and service are competitive advantages that continue to drive the new business awards. Cash, Liquidity and Debt Refinancing As of December 31, 2022, Cooper Standard had cash and cash equivalents totaling $186.9 million and total liquidity, including availability under its amended senior asset-based revolving credit facility, of $342.1 million. Subsequent to the end of the fourth quarter, the Company successfully concluded refinancing transactions that extended the maturity of the majority of its outstanding long term debt to 2027. The refinancing strengthens the Company’s balance sheet and provides the Company with added financial flexibility to grow and further optimize the business. Based on our current expectations for light vehicle production, customer demand for our products, and enhanced commercial agreements, we expect our current cash balance and access to flexible credit facilities will provide sufficient resources to support ongoing operations and the execution of planned strategic initiatives. Quarterly Segment Results Sales * Net of customer price adjustments including recoveries Volume and mix, net of customer price adjustments including recoveries, was driven by vehicle production volume increases due to the lessening impact of semiconductor-related supply issues. The impact of foreign currency exchange was primarily related to the Chinese Renminbi, Korean Won and Euro. Adjusted EBITDA * Net of customer price adjustments including recoveries **Net of deconsolidation Volume and mix, net of customer price adjustments including recoveries, was driven by vehicle production volume increases due to the lessening impact of semiconductor-related supply issues. The impact of foreign currency exchange was primarily related to the Chinese Renminbi, Korean Won, Euro, Polish Zloty, Czech Koruna, Mexican Peso and Canadian Dollar. The Cost Decreases / (Increases) category above includes: Commodity cost and inflationary economics; Manufacturing efficiencies and purchasing savings through lean initiatives; Increased compensation-related expenses; and Decreased costs related to ongoing salaried headcount initiatives and restructuring savings. Full Year Segment Results Sales * Net of customer price adjustments including recoveries Volume and mix, net of customer price adjustments including recoveries, was driven by vehicle production volume increases due to the lessening impact of semiconductor-related supply issues. The impact of foreign currency exchange was primarily related to the Euro, Chinese Renminbi and Korean Won. Adjusted EBITDA * Net of customer price adjustments including recoveries **Net of deconsolidation Volume and mix, net of customer price adjustments including recoveries, was driven by vehicle production volume increases due to the lessening impact of semiconductor-related supply issues. Foreign currency exchange was impacted by the Chinese Renminbi, Korean Won, Mexican Peso, Canadian Dollar, Euro, Polish Zloty, Czech Koruna and the Brazilian Real. The Cost Decreases / (Increases) category above includes: Commodity cost and inflationary economics; Manufacturing efficiencies and purchasing savings through lean initiatives; Increased compensation-related expenses; and Decreased costs related to ongoing salaried headcount initiatives and restructuring savings. Outlook Based on our outlook for the global automotive industry, macroeconomic conditions, current customer production schedules and our own operating plans, the Company has issued 2023 full year guidance as follows: 1 Guidance is representative of management's estimates and expectations as of the date it is published. Current guidance as presented in this press release considers January 2023 S&P Global (IHS Markit) production forecasts for relevant light vehicle platforms and models, customers' planned production schedules and other internal assumptions. 2 Adjusted EBITDA is a non-GAAP financial measure. The Company has not provided a reconciliation of projected adjusted EBITDA to projected net income because full-year net income will include special items that have not yet occurred and are difficult to predict with reasonable certainty prior to year-end. Due to this uncertainty, the Company cannot reconcile projected adjusted EBITDA to U.S. GAAP net income without unreasonable effort. Conference Call Details Cooper Standard management will host a conference call and webcast on February 17, 2023 at 9:00 a.m. ET to discuss its fourth quarter 2022 results, provide a general business update and respond to investor questions. Investors and other interested parties may listen to the call by accessing the online, real-time webcast at https://edge.media-server.com/mmc/p/jqkaw9ec. Investors, analysts and other representatives of the investment community who wish to participate by phone in the live conference and have the opportunity to ask questions during Q&A will need to pre-register for the call by visiting https://register.vevent.com/register/BI5e9540006e474e22ab2fd8f8bc2ae7d2. Once registration is completed, participants will be provided with a dial-in number and a personalized conference code to access the call. Participants should dial in at least five minutes prior to the start of the call. A replay of the webcast will be available on the investors’ portion of the Cooper Standard website (http://www.ir.cooperstandard.com) shortly after the live event. About Cooper Standard Cooper Standard, headquartered in Northville, Mich., with locations in 21 countries, is a leading global supplier of sealing and fluid handling systems and components. Utilizing our materials science and manufacturing expertise, we create innovative and sustainable engineered solutions for diverse transportation and industrial markets. Cooper Standard's approximately 22,600 employees are at the heart of our success, continuously improving our business and surrounding communities. Learn more at www.cooperstandard.com or follow us on Twitter @CooperStandard. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “outlook,” “guidance,” “forecast,” or future or conditional verbs, such as “will,” “should,” “could,” “would,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, we cannot assure you that these expectations, beliefs and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. Among other items, such factors may include: volatility or decline of the Company’s stock price, or absence of stock price appreciation; impacts, including commodity cost increases and disruptions related to the war in Ukraine and the COVID-related lockdowns in China; our ability to offset the adverse impact of higher commodity and other costs through negotiations with our customers; the impact, and expected continued impact, of the COVID-19 outbreak on our financial condition and results of operations; significant risks to our liquidity presented by the COVID-19 pandemic risk; prolonged or material contractions in automotive sales and production volumes; our inability to realize sales represented by awarded business; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured components and raw materials; disruption in our supply base; competitive threats and commercial risks associated with our diversification strategy through our Advanced Technology Group; possible variability of our working capital requirements; risks associated with our international operations, including changes in laws, regulations, and policies governing the terms of foreign trade such as increased trade restrictions and tariffs; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial amount of indebtedness and variable rates of interest; our ability to obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our debt instruments; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of continuous improvement programs and other cost savings plans; manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers’ needs for new and improved products; the possibility that our acquisitions and divestitures may not be successful; product liability, warranty and recall claims brought against us; laws and regulations, including environmental, health and safety laws and regulations; legal and regulatory proceedings, claims or investigations against us; work stoppages or other labor disruptions; the ability of our intellectual property to withstand legal challenges; cyber-attacks, data privacy concerns, other disruptions in, or the inability to implement upgrades to, our information technology systems; the possible volatility of our annual effective tax rate; the possibility of a failure to maintain effective controls and procedures; the possibility of future impairment charges to our goodwill and long-lived assets; our ability to identify, attract, develop and retain a skilled, engaged and diverse workforce; our ability to procure insurance at reasonable rates; and our dependence on our subsidiaries for cash to satisfy our obligations; and other risks and uncertainties, including those detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date of this press release and we undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law. This press release also contains estimates and other information that is based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information. CPS_F Financial statements and related notes follow: Non-GAAP Measures EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share and free cash flow are measures not recognized under U.S. GAAP and which exclude certain non-cash and special items that may obscure trends and operating performance not indicative of the Company’s core financial activities. Net new business is a measure not recognized under U.S. GAAP which is a representation of potential incremental future revenue but which may not fully reflect all external impacts to future revenue. Management considers EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business to be key indicators of the Company’s operating performance and believes that these and similar measures are widely used by investors, securities analysts and other interested parties in evaluating the Company’s performance. In addition, similar measures are utilized in the calculation of the financial covenants and ratios contained in the Company’s financing arrangements and management uses these measures for developing internal budgets and forecasting purposes. EBITDA is defined as net income (loss) adjusted to reflect income tax expense (benefit), interest expense net of interest income, depreciation and amortization, and adjusted EBITDA is defined as EBITDA further adjusted to reflect certain items that management does not consider to be reflective of the Company’s core operating performance. Adjusted net income (loss) is defined as net income (loss) adjusted to reflect certain items that management does not consider to be reflective of the Company’s core operating performance. Adjusted EBITDA margin is defined as adjusted EBITDA as a percentage of sales. Adjusted basic and diluted earnings (loss) per share is defined as adjusted net income (loss) divided by the weighted average number of basic and diluted shares, respectively, outstanding during the period. Free cash flow is defined as net cash provided by operating activities minus capital expenditures and is useful to both management and investors in evaluating the Company’s ability to service and repay its debt. Net new business reflects anticipated sales from formally awarded programs, less lost business, discontinued programs and replacement programs and is based on S&P Global (IHS Markit) forecast production volumes. The calculation of “net new business” does not reflect customer price reductions on existing programs and may be impacted by various assumptions embedded in the respective calculation, including actual vehicle production levels on new programs, foreign exchange rates and the timing of major program launches. When analyzing the Company’s operating performance, investors should use EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business as supplements to, and not as alternatives for, net income (loss), operating income, or any other performance measure derived in accordance with U.S. GAAP, and not as an alternative to cash flow from operating activities as a measure of the Company’s liquidity. EBITDA, adjusted EBITDA, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of the Company’s results of operations as reported under U.S. GAAP. Other companies may report EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business differently and therefore the Company’s results may not be comparable to other similarly titled measures of other companies. In addition, in evaluating adjusted EBITDA and adjusted net income (loss), it should be noted that in the future the Company may incur expenses similar to or in excess of the adjustments in the below presentation. This presentation of adjusted EBITDA and adjusted net income (loss) should not be construed as an inference that the Company’s future results will be unaffected by special items. Reconciliations of EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss) and free cash flow follow. Reconciliation of Non-GAAP Measures EBITDA and Adjusted EBITDA The following table provides reconciliation of EBITDA and adjusted EBITDA from net (loss) income (unaudited): Loss attributable to deconsolidation of a joint venture in the Asia Pacific region, which required adjustment to fair value. Non-cash impairment charges in 2022 related to recent operating performance and idle assets in certain locations in North America, Europe and Asia Pacific. Impairment charges in 2021 related to fixed assets and goodwill. During 2021, the Company recorded subsequent adjustments to the net gain on sale of business, which related to the 2020 divestiture of our European rubber fluid transfer and specialty sealing businesses, as well as its Indian operations. In 2022, the Company recognized a gain on a sale-leaseback agreement on one of its European facilities. Lease termination costs no longer recorded as restructuring charges in accordance with ASC 842, Leases. Impact of prior period indirect tax and customs adjustments. Non-cash net pension settlement and curtailment charges and administrative fees incurred related to certain of our U.S. and non-U.S. pension plans. Adjusted Net Loss and Adjusted Loss Per Share The following table provides reconciliation of net (loss) income to adjusted net (loss) income and the respective (loss) earnings per share amounts (unaudited): Loss attributable to deconsolidation of a joint venture in the Asia Pacific region, which required adjustment to fair value. Non-cash impairment charges in 2022 related to recent operating performance and idle assets in certain locations in North America, Europe and Asia Pacific. Impairment charges in 2021 related to fixed assets and goodwill. During 2021, the Company recorded subsequent adjustments to the net gain on sale of business, which related to the 2020 divestiture of our European rubber fluid transfer and specialty sealing businesses, as well as its Indian operations. In 2022, the Company recognized a gain on a sale-leaseback agreement on one of its European facilities. Lease termination costs no longer recorded as restructuring charges in accordance with ASC 842, Leases. Impact of prior period indirect tax and customs adjustments. Non-cash net pension settlement and curtailment charges and administrative fees incurred related to certain of our U.S. and non-U.S. pension plans. In 2022, the deferred tax valuation allowance relates to the recognition of our valuation allowance on net deferred tax assets in Poland. In 2021, the deferred tax valuation allowance relates to the initial recognition of our valuation allowance in the U.S. and certain international jurisdictions. Represents the elimination of the income tax impact of the above adjustments, by calculating the income tax impact of these adjusting items using the appropriate tax rate for the jurisdiction where the charges were incurred. Free Cash Flow The following table provides a reconciliation of net cash (used in) provided by operating activities to free cash flow (unaudited): # # # Contact Details Contact for Analysts: Roger Hendriksen +1 248-596-6465 roger.hendriksen@cooperstandard.com Contact for Media: Chris Andrews +1 248-596-6217 candrews@cooperstandard.com Company Website https://www.cooperstandard.com/

February 16, 2023 06:44 PM Eastern Standard Time

American Resources Corp's (NASDAQ: AREC) ReElement to Transform Rare Earth and Battery Metals Industry and Help the World Counter China's Dominance

American Resources Corporation

Imagine a world without smartphones, laptops, cars, wind turbines, and even military weapon systems. It may sound like a dystopian future, but the reality is, all of these modern-day necessities rely on a group of minerals known as rare earth metals. These critical minerals are essential not only for high-tech products but also to power a significant portion of the economy. They play a crucial role in the production of electronics and are key to the growth of the electric vehicle market. However, despite their crucial role, our supply of rare earth metals is in short supply and the vast majority of the market is controlled by China. This domination poses a significant risk to our technology-driven economy and highlights the urgent need for alternative sources of these essential minerals. ReElement Technologies, a subsidiary of American Resources Corporation (NASDAQ: AREC), is on a mission to help the rest of the world diversify its rare earth reliance away from China. By leveraging its innovative technology, ReElement can capture, process and purify rare earth metals from end-of-life products like magnets and lithium batteries. Let's further break down ReElement, its technology, and how it is a potential solution to a serious threat to our national security. What are Rare Earth Metals and Understanding China’s Role Rare earth metals are a group of 17 elements that are critical components in high-tech products such as smartphones, wind turbines, electric vehicles, and military equipment. China dominates the global supply of rare earth metals, producing more than 80% of the world's supply. There are a few reasons for China's dominance in rare earth metals: Abundant resources: China has abundant reserves of rare earth elements, which has enabled it to dominate the market for these materials. Refining: China’s low environmental standards has allowed them dominate the separation and purification of rare earth metals without much innovation while polluting the planet. Cost advantage: China's labor costs and production costs are lower than in other countries, which has made it easier for China to produce rare earth metals at a lower cost. Government support: The Chinese government has invested heavily in the rare earth metals industry, providing subsidies and other support to Chinese companies. This dominance of the rare earth metals market by China is dangerous for the United States and the rest of the world because it creates a single point of failure in the supply chain. If China were to cut off the supply of rare earth metals to the rest of the world, it could disrupt the production of high-tech products, cause widespread economic disruption, and present a major threat to U.S. national security. Additionally, China's control of the market gives it significant leverage over other countries, allowing it to manipulate prices and restrict supply as it sees fit. This can lead to increased costs for consumers and can harm industries that rely on these materials. Overall, reducing reliance on China for rare earth metals will require a concerted effort from the United States government, the private sector, and academia to develop domestic production, alternative sources, advanced refining methods and new materials. Reusing & recycling are key factors that could drive alternative sourcing and provide an opportunity to obtain rare earth metals outside of a mining environment. Key Benefits of Recycling & Reusing Rare Earth Metals "Reduce, reuse, and recycle" are important concepts that are consistently promoted by the government to help conserve resources and prevent excess landfill use. While we may initially think of aluminum and paper products when "recycling" comes to mind, it could be critical in maintaining a more efficient ecosystem for rare earths. Recycling and reusing rare earth metals is important for several reasons: Conservation of resources: Rare earth metals are finite resources, and recycling and reusing these materials can help to conserve these resources for future generations. Environmental protection: The mining, refining, and production of rare earth metals can have significant environmental impacts, including deforestation, soil degradation, and water pollution. Recycling and reusing these materials can help to reduce these impacts and promote sustainability. Cost savings: Recycling rare earth metals can be less expensive than mining and refining new materials, which can help to reduce the cost of production for high-tech products. Reduced dependence on imports: A significant portion of the world's rare earth metals are supplied by China, and recycling and reusing these materials can help to reduce dependence on foreign sources, promoting energy security. Waste reduction: Recycling rare earth metals can help to reduce the amount of waste generated by the production and disposal of high-tech products, promoting a circular economy. Recycling and reusing rare earth metals are becoming increasingly important as demand for these materials continues to grow, and as concerns about the environmental impact of mining and the potential for supply disruptions grow. By recycling and reusing these materials, we can help to conserve resources, protect the environment, reduce costs, reduce dependence on imports, and promote a sustainable and circular economy. Overview: American Resources Corp American Resources Corporation is an Indiana-based company that is focused on the mining, processing, transportation, and sale of metallurgical coal used to make steel. The company maintains a portfolio covering operations across Kentucky and West Virginia. The company has three main subsidiaries: ReElement Technologies LLC, American Carbon LLC, and American Metals LLC. ReElement Technologies LLC is a subsidiary that's changing the game in the production of rare earth elements and lithium-based battery metals. And here's the best part – their flexible refining methods are able do it all using 100% recycled materials or newly mined mineral in a much safer and low-cost process. They're leading the way in environmentally-friendly processing and refining technology and are all about creating a circular economy. With their innovative critical metal recovery technology, they're making sure the world has access to the rare earth elements and critical minerals it needs for the next generation of infrastructure, electronics, and national security hardware - all while being cost-effective and sustainable. The American Carbon LLC subsidiary houses American Resources’ metallurgical coal mining extraction and supply business. The company has established a network of five restructured processing and logistic complexes, which help to eliminate the old legacy costs and create a more effective, lower-cost business model. Since its inception, American Carbon and American Resources have restored over 7,000 acres of irrational thermal coal land, which collectively represents over $20 million in liabilities. American Metals LLC is American Resources’ aggregator and processor of used metals for recycling into new steel-based products. The subsidiary operates within the U.S. coal country where there is often an abundance of used metal reserves from former thermal coal mines that have since been shut down. By leveraging its regional logistics and infrastructure, American Metals LLC can expand its presence in the high-growth market of used steel while also cleaning up old infrastructure left behind from the mining industry. Further Breaking Down the ReElement Subsidiary The United States and other countries around the world have a waste problem and rare earths are wrapped right up in the mess. Every year, an estimated $3 billion worth of critical and rare earth metals are thrown away or lost. With demand for these critical metals heating up at a brisk pace, countries need to work on solutions to the waste issue. This is exactly where ReElement comes into play. The subsidiary's technology provides an economical solution to help isolate, purify, and recycle these critical metals. To make matters even more enticing, ReElement's technology is the most environmentally safe method of rare earth metal recycling and refining. ReElement uses an electrolysis process to help extract rare earths and critical metals from feedstock carbon waste, acid mine drainage, and magnets. Low pH water combined with high levels of iron and carbon found in acid mine drainage and carbon slurries that leach rare earth and battery metals enables faster hydrogen production compared to traditional water-based electrolysis. Through this process, ReElement is focused on monetizing carbon production, hydrogen production, graphene slurry, and rare earth and battery metal concentrates. Once the extraction process has been completed, the next step is purification. ReElement uses the most environmentally-safe purification methods for creating isolated and pure rare earth metals. The purification process uses highly specialized chromatography methods, which leads to more pure rare earth metals, rather than just a concentrate. In addition, ReElement’s patented and proprietary processes separates and isolates each element. Their exclusive chromatography technology is a viable solution to recycling both permanent magnets and batteries by bringing those constituent elements back to magnet and battery-grade forms. This is something that the industry struggles with and where ReElement differentiates itself. Additionally, ReElement’s ability to efficiently refine lithium from end-of-life batteries as well as their planned application of chromatography to refine spodumene is unique and demonstrates the value they bring to our domestic supply chain. The current industry standard, solvent extraction, is extremely outdated and toxic to the environment. Solvent extraction relies heavily on using toxic extractants, harsh chemicals, and flammable solvents. This process also takes longer than chromatography and does not produce the same output yield as ReElement's ESG-focused process. In short, ReElement’s chromatography process is not only better for the environment, but also more efficient in extracting and purifying critical metals at a more cost-effective level. ReElement currently can process over 137,500 kilograms of critical battery and rare-earth magnet materials into ultra-high pure minerals and compounds at its Noblesville, Indiana facility. Among the initial rare earth and battery metal products, ReElement will focus on: neodymium, praseodymium, dysprosium, cobalt, lithium, nickel, manganese, and more. Management says they have identified additional sites to build facilities as scalability and are currently in the design and engineering phase for their next larger scale facility to increase capacity by 100-times. Another key advantage ReElement holds is a robust IP portfolio and partnerships with world-renowned organizations. ReElement's process is covered by 16 patents and was developed in partnership with the likes of Purdue University, Texas Tech University, Ohio University, CMID, and more. ReElement Spin-Off and Strong Insider & Investor Backing American Resources Corp has previously stated its intent to spin off the ReElement Technologies business into a standalone company. The spin-off allows investors to own a pure-play standalone, ESG-focused refiner of critical minerals. This will give ReElement a better posture to realize the opportunity. In addition, it will allow ESG-focused investors to take part in the opportunity without any allocation to metallurgical coal. Under the current guidelines, American Resources Corp will retain a 9% ownership of ReElement post-spin-off, which will be issued as a dividend to shareholders. Existing shareholders will receive half a share of the "spinco" for each common share held of American Resources Corp. American Resources filed a Form 10 with the U.S. SEC in late January 2023, which effectively begins the official process to spin-off ReElement. While it will still take some time for the Form 10 and other regulatory paperwork to be finalized, shareholders should be encouraged by the strong backing of the company by its insiders and even institutional investors. Insiders of American Resources Corp believe in their mission and are putting their money on the line to prove their bullish beliefs. As of February 2023, just under 30% of American Resources Corp is currently owned by insiders. This is an incredibly bullish indicator because it shows management believes in the company enough to risk their own money. While there is no fully-certain outcome, stocks with higher insider ownership tend to be more favorable with investors. On February 6, 2023, American Resources Corp received a major boost of confidence from its largest debt holder, Golden Properties Ltd. The institutional investor owned convertible debt amounting to $9.9 million. Golden Properties, who was an early investor in American Resources Corp, chose to convert its note into stock. This is a major deal because the company's biggest debt holder is now its largest equity holder after converting the $9.9 million note into 9.4 million shares of common stock. This means Golden Properties Ltd. waived its right to $1.2 million in interest payments in exchange for AREC shares and the ReElement dividend post-spin-off. For American Resources, this helps clean up the balance sheet and serves as the latest example of bullish support for the company. Overall, the modern world relies heavily on a group of minerals known as rare earth metals, which are critical components in high-tech products such as smartphones, wind turbines, electric vehicles, and military equipment. China dominates the global supply of these metals, producing over 80% of the world's supply. This creates a single point of failure in the supply chain and gives China significant leverage over other countries. To reduce reliance on China, efforts are needed to develop domestic production, alternative sources, advanced refining methods and new materials. ReElement Technologies, a subsidiary of American Resources Corporation, is focused on capturing, processing, and purifying rare earth metals from end-of-life products like magnets and lithium batteries, to help diversify the world's rare earth reliance away from China. Recycling and reusing rare earth metals is becoming increasingly important due to the growing demand and environmental concerns. By recycling and reusing these materials, we can help conserve resources, protect the environment, reduce costs, reduce dependence on imports, and promote a sustainable and circular economy. With all the exciting developments over at ReElement, its strong insider & institutional investor backing, and solutions to a very serious global issue that cannot continue to be ignored. ReElement's refining capabilities are exactly what the United States and the rest of the world need to diversify their rare earth and battery mineral reliance away from Asia. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement. All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated two thousand seven hundred and fifty dollars cash for the creation and dissemination of this content by the company. This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management. The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions. Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/ The article “ American Resources Corp's (NASDAQ: AREC) ReElement to Transform Rare Earth and Battery Metals Industry and Help the World Counter China's Dominance ” first appeared on Spotlight Growth. Contact Details American Resources Corp Spotlight Growth info@spotlightgrowth.com Company Website https://www.americanresourcescorp.com

February 16, 2023 07:30 AM Pacific Standard Time

IGEN Networks Corp and Prolog Execute LOI for Merger

iGen Networks Corp.

McapMediaWire -- IGEN Networks Corporation (OTC: IGEN ) (CSE: IGN ), a leading innovator of Internet of Things (IoT) solutions for the consumer automotive, asset management, and supply-chain industries, today announces the successful completion of a Letter-of-Intent (LOI) for the purchase of 51% of Prolog privately held shares on January 13, 2023. The purchase in the form of IGEN common shares will be approximately $900K to $1.1M USD paid through multiple tranches based on achieving minimum revenue thresholds that will range from $1.8M to $3.5M USD over the first 12 months from closing of the definitive agreement. Revenue contributions from Prolog will be fully recognized (100%) along with 51% of net income by IGEN upon completion of the proposed merger. Neil G. Chan, CEO of IGEN stated, "This proposed merger creates a unique combination of knowledge and technologies for the supply-chain industry globally. Along with our consultancy practice, IGEN will offer comprehensive end-to-end logistic solutions that include facilities and warehouse management, GPS telemetry and inventory tracking, fleet asset management and maintenance through-out the supply-chain of commercial and government organizations." Juan Ignacio Avila, CEO of Prolog stated, "We are excited with the opportunities of this proposed merger with IGEN. Prolog has proven its leadership in providing comprehensive logistics, supply-chain, maintenance, and management solutions to some of the largest and most complex organizations in Mexico, Spain, and Central America. Through IGEN channels in the US, we can now apply our 25 years of technology expertise and experiences to the US markets along with participating in the growth of our businesses together." The Letter-of-Intent (LOI) is a non-binding agreement and will establish the basic terms for the definitive agreement between IGEN Networks Corp and Prolog. This transaction will be arm's length as additional terms may be added, and existing terms may be changed or deleted. Definitive terms will include a PCAOB qualified financial audit. About IGEN Networks Corporation IGEN Networks Corporation creates software services for the consumer automotive and commercial asset management industries enabling their customers to better manage their assets and protect their drivers. IGEN is a fully reporting company in both Canada and the United States. It is publicly traded on the OTC Markets under the symbol IGEN, and listed on the CSE under the symbol IGN. For more information, please visit: www.igennetworks.net About Prolog Prolog is a technology development and logistics consulting company with over 25 years of experience in the development of supply-chain, logistics, telematics, and asset management solutions. Prolog operates in Mexico, Spain, and Central America with more than 1200 clients, 80 distribution centers, and 250,000 vehicles utilizing its asset management platforms. For more information, please visit: www.prolog.com.mx Forward-Looking Statements This news release may contain forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities law. The terms and phrases "goal", "commitment", "guidance", "expects", "would", "will", "continuing", "drive", "believes", "indicate", "look forward", "grow", "outlook", "forecasts", "intend", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by IGEN in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that IGEN believes are appropriate in the circumstances, including but not limited to statements regarding investment liquidity, financing options and long term goals of the Company, general economic conditions, IGEN's expectations regarding its business, customer base, strategy and prospects, and IGEN's confidence in the cash flow generation of its business. Many factors could cause IGEN's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks related to competition; IGEN's reliance on key personnel; IGEN's ability to maintain and enhance its brand; and difficulties in forecasting IGEN's financial results, particularly over longer periods given the rapid technological changes, competition and short product life cycles that characterize the mobile application industry. These risk factors and others relating to IGEN that may cause actual results to differ are set forth in the under the heading "Risk Factors" in IGEN's periodic filings with the British Columbia Securities Commission and the U.S. Securities and Exchange Commission (copies of which filings may be obtained at www.sedar.com or www.sec.gov. These factors should be considered carefully, and readers should not place undue reliance on IGEN's forward-looking statements. IGEN has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Contact: IGEN Networks Corporation Neil G. Chan info@igennetworks.net 1(855)912-5378 Contact Details IGEN Networks Corporation info@igennetworks.net Company Website https://www.igennetworks.net/

February 16, 2023 09:53 AM Eastern Standard Time

Gateway Classic Cars to Celebrate the Grand Opening of Their Charlotte North Carolina Showroom

Gateway Classic Cars

[Gateway Classic Cars of St. Louis]: Gateway Classic Cars of Charlotte is excited to host its Grand Opening on Saturday, March 25 th from 9am-1pm. The evening before, Friday, March 24 th, the Cabarrus County Chamber of Commerce will be holding its ribbon cutting ceremony at 4:00pm. Come out and celebrate the next chapter in the company’s 24-year history with Gateway Classic Cars and local motorsports legends. The Grand Opening is open to the public and has no admission or registration fee. Attendees are encouraged to cruise in with all makes and models and bring their appetite. The first 100 guests will receive a free Gateway Classic Cars T-shirt. Special giveaways will be announced throughout the day as guests listen to music and indulge in delicious cuisine from local food trucks. Gateway Classic Cars continues to remain the leader in global marketing for classic and exotic vehicles. Their new launched auction platform has only strengthened their position as the largest classic and exotic car sales network in the world. Since 1999, Gateway Classic Cars has specialized in selling classic and exotic vehicles for private sellers, collectors, and estates by improving their success in passing along the passion for their treasured vehicles. Plus, no other company is more reputable and eager to assist fellow classic car enthusiasts around the world with the opportunity to get behind the wheel of their dreams. Every Gateway Classic Cars’ showroom is open to the public from 9:00am to 5:00pm, Monday through Saturday. The Charlotte showroom showcases classic, collector, exotic cars, and trucks. The last Saturday of the month is Caffeine and Chrome, our version of cars and coffee, from 9:00am-Noon. Event Details: Title: Gateway Classic Cars Grand Opening Date: Saturday, March 25, 2023 Start Time: 9:00am End Time: 1:00pm Cost: FREE St. Louis, MO (HQ); Atlanta, GA; Charlotte, SC; Chicago, IL; Dallas, TX; Denver, CO; Detroit, MI; Fort Lauderdale, FL; Houston, TX; Indianapolis, IN; Kansas City, KS; Las Vegas, NV; Louisville, KY; Milwaukee, WI; Nashville, TN; Orlando, FL; Philadelphia, PA; Scottsdale, AZ; Tampa, FL; San Antonio, Austin, TX; Tulsa, OK Phone: (866) 383-1416 https://news.gatewayclassiccars.com Gateway Classic Cars Where Dreams Are Driven (#dreamsdriven) Corporate Offices 1237 Central Park Drive O’Fallon, IL 62269 (618) 271-3000 https://www.gatewayclassiccars.com Contact Details Gateway Classic Cars +1 618-271-3000 marketing@gatewayclassiccars.com Company Website https://news.gatewayclassiccars.com

February 16, 2023 09:46 AM Eastern Standard Time

A New Approach to Traffic Safety

YourUpdateTV

Verra Mobility, a leading provider of intelligent mobility technology solutions, recently announced a call to action for drivers to commit to reducing dangerous driving behaviors to tackle the soaring traffic fatality crisis in the U.S. As part of the initiative, Jon Baldwin, the Executive Vice President of Government Solutions at Verra Mobility and Damian Kevitt, the Executive Director of Streets Are For Everyone (SAFE), participated in a nationwide satellite media tour to discuss the crisis on our roads, completing over 35 media interviews over the course of five hours. Here’s what they had to say: A video accompanying this announcement is available at: https://youtu.be/DRmQRr5a8UE Traffic fatalities in the United States steadily dropped for decades but climbed during the pandemic's early days, eventually reaching a 16-year high in 2021. The most recent projections from National Highway Traffic Safety Administration (NHTSA) indicate that this deadly trend may have started to level off in 2022. With the first nine months of last year's data suggesting that overall fatalities declined, cyclist and pedestrian fatalities have continued to rise. That means we have more work to do to save lives. For Damian, the issue hits particularly close to home. His life was changed in February of 2013 when he was hit by a car in Los Angeles while bicycling. Lucky to survive, and after losing his right leg, Damian resolved to use his personal tragedy as a way to make streets safer for everyone, with his organization SAFE advocating for actions that will help reduce traffic fatalities to zero. SAFE looks to address the crisis in a holistic fashion through direct education, broad awareness campaigns, partnerships, community outreach, policy and legislation, support for those impacted, and other proven strategies. Verra Mobility will increase its support with new actions including technology, tools, public service materials, and awareness programs along with financial commitments for continued partnerships with organizations like SAFE, the National Coalition for Safer Roads, and Families for Safe Streets, and Transportation Alternatives. The voluntary Zero In pledge asks participants to commit to better driving behaviors like slowing down, watching for pedestrians, looking carefully at busy intersections, and stopping for school buses. This pledge is a way to promote safety and remind us that changing our behavior can lead to safer speeds, safer roads, and safer communities. For more information, visit verramobility.com/zero-in-pledge About Jon Baldwin Jon Baldwin is the EVP of Government Solutions. Prior to joining Verra Mobility, Jon served as President of Fortive’s Gems, Sensors and Controls business, a global supplier of industrial sensors and control components. He also served as the General Manager for Texas Instruments’ Precision Signal Path business unit. Jon also held leadership roles in marketing, business development and strategy for National Semiconductor Corporation, Samplify Systems, Inc. and Analog Devices, Inc. He began his career at Raytheon Technologies as a systems engineer. About Damian Kevitt Damian Kevitt was raised in Los Angeles, CA, and prefers, whenever he can, to get around on his bicycle. He was schooled in the sciences – studying marine biology at UCSB and microbiology at U of A. Damian later became a professional counselor at his church, where he’s worked for well over 25 years counseling and helping both staff and parishioners. His life took a sudden turn in Feb 2013 when he was hit by a car that never stopped while bicycling in Griffith Park. Barely surviving and losing his right leg, Damian got back on his bicycle and started his quest to not only “finish the ride” he was on but also use what happened to him to make the streets safer for all. Currently, Damian leads SAFE’s programs to improve street safety and works at his church with various non-profits to help make Southern California a better place. About Verra Mobility Verra Mobility Corporation is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility’s transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 16, 2023 09:00 AM Eastern Standard Time

Video

News Release

Transportation and Logistics Systems Inc (OTC:TLSS): Here Are Latest Developments & Updates

TopNewsGuide - Market News & Commentary

The logistics industry remains the backbone of most forms of commerce in the world and hence, companies involved in that sector often attract attention from investors in a big way. A company involved in the sector that has been doing stellar work for quite a while is Transportation and Logistics Systems Inc (OTC:TLSS). As the name suggests, it is a transpiration and logistics firm it operates in the United States. The company conducts most of its operations through its subsidiary units. The company offers a wide range of services, which include two-person home delivery, last-mile delivery, e-commerce fulfillment, pickup and warehousing services, and mid-mile and long-mile services. At the end of the 2021 calendar year, the company owned a total of 17 vehicles. It is based out of Jupiter in Florida. On February 6, Transportation and Logistics Systems announced that its fully owned subsidiary unit TLSS-STI Inc had managed to complete the acquisition of the entirety of the outstanding stock in Severance Trucking Co Inc, McGrath Trailer Leasing Inc, and Severance Warehousing Inc. The companies collectively form Severance and are based out of Dracut in Massachusetts. The Chief Executive Officer of Transportation and Logistics Systems, Sebastian Giordano, spoke about the latest acquisition as well. He noted that over the course of more than a hundred years, several generations of a single family had managed to build Severance into a company of impeccable reputation. He went on to note that he was thrilled at the possibility of many members of the Severance family are going to remain and joining hands so as to grow the combined business. The total cost of the acquisition stood at $2,250,000 and also included closing expenses to the tune of $10,747. At the closing of the transaction, TLSS-STI paid $365,613 in the form of cash, took over and paid off vehicle debt worth $152,748, and got into a secured promissory note with the seller bearing the value of $1,572,939. The promissory note is going to carry an annual interest rate of 12%. The entirety of the unpaid principal of the promissory note is supposed to be paid off in three installments on August 1, 2023, February 1, 2024, and August 1, 2024. Back on January 26, 2023, Giordano provided an update to the stakeholders of Transportation and Logistics Systems. Some of the highlights from the list of updates include the expansion of the board of directors and enhanced corporate governance. The company further strengthened its executive team in the fields of human resources, operations, and finance. The company also managed to complete the acquisitions of Freight Connections and JFK Cartage. It was also noted that Transportation and Logistics Systems was in negotiations for two more acquisitions. Last November, Transportation, and Logistics Systems announced its financial results for the three-month and nine-month periods, both of which ended on September 30, 2022. The revenues came in at $1,700,000 and that reflected a year-on-year rise of as much as 40.9%. The company noted at the time that such a change of fortunes was primarily driven by the acquisitions of Freight Connections and JFK Cartage. The losses suffered in the quarter stood at $1,016,000, which was actually a significant drop from the losses of $1,896,000 suffered in the prior year period. Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TopNewsGuide 'TNG' (Owned by RazorPitch Inc) is responsible for the production and distribution of this content. TNG is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. TNG authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. TNG has not been compensated to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website http://topnewsguide.com Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://topnewsguide.com

February 15, 2023 07:24 PM Eastern Standard Time

Titan NRG, Inc. (TTNN) Releases 2022 Third Quarter Report With Record Revenues

TITAN NRG

McapMediaWire -- Publicly traded Titan NRG, Inc. (OTC: TTNN ) ("Titan NRG") operating as a downstream energy and transportation holding company through its wholly-owned subsidiaries, releases the third quarter report for the fiscal year 2022. “We had a record month in December for NRG Dynamics LLC. and it’s adding to a record third quarter in revenue. Third quarter 2022 outpaced the third quarter of 2021 by a hefty margin with our trucking division showing a 47% increase in revenues year over year.,” said Alex Majalca Jr., Titan NRG’s President, and CEO. “We’re focusing on an acquisition-driven growth model as new equipment prices are soaring, and interest rates continue to rise.” Third Quarter Fiscal 2022 Highlights $ 2,823,541 in total revenue for Quarter 3 $ 1,015,492 in gross profits $ 710,985 in Accounts Receivable $ 2,159,270 in capital assets (before depreciation) 47% increase in revenue in trucking $6,285,149 in Receipts from Customers for Nine Months ended Dec 31st Earning Per Share turned positive for the 1st time at.00134 Quarterly Report - Quarter ended December 31, 2022, can be seen on the OTC website: https://www.otcmarkets.com/otcapi/company/financial-report/359164/content Contact: Alex R. Majalca Jr. President/Chief Executive Officer Titan NRG, Inc. alex@titannrg.com About Titan NRG Inc.: Titan NRG is a holding company that operates as a downstream energy and transportation company through its wholly-owned subsidiaries. NRG Dynamics currently has 25+ transports operating in 9 states. APE Fuels offers retail and commercial propane serving southern AZ with 1500+ leased tanks and 2500+ customers. Vespene with wholesale purchasing and sales of LPG products. NRG Rail has a long-term lease on a new 18 car rail facility in Tucson, Arizona with an approved and permitted 1.2 mm gallons of propane/butane storage. NRG Equipment operates as an equipment leasing company. We're focused on vertical integration while expanding our operations to cover everything from the refinery to retail. This business model is a win for our customers, company, and shareholders. Additionally, this model can be replicated in other regions. www.titannrg.com www.twitter.com/TitanNRG ir@titannrg.com NOTES ABOUT FORWARD-LOOKING STATEMENTS Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with OTC Markets. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Details Titan NRG Inc. ir@titannrg.com Company Website http://www.titannrg.com/

February 15, 2023 08:30 AM Eastern Standard Time

Autoscope European Car Care specializes in providing expert care for European cars, including BMW, Mercedes-Benz, Porsche, Audi, Bentley, and Rolls Royce.

Autoscope

Since 1982, Autoscope European Car Care has built a stellar reputation for providing top-notch service and expert care for European cars in Dallas-Park Cities, Highland Park, University Park, and Plano. The company has a team of highly skilled technicians who have undergone extensive training to provide the best possible care for high-end vehicles such as BMW, Mercedes-Benz, Porsche, and Audi. Their commitment to quality and customer satisfaction is evident in their state-of-the-art equipment, advanced techniques, and genuine parts. " Autoscope goes above and beyond to provide personal customer service and European car expertise. Our team of certified technicians employs advanced diagnostic tools to obtain a comprehensive understanding of the exact condition of each vehicle with pinpoint accuracy - delivering optimal repair solutions at an affordable price," said Nerces Mavelian, President of Autoscope. " Whether you're looking for routine maintenance or extensive repairs, you can trust that Autoscope's specialized services are engineered to ensure peak performance from your vehicle. And we back our work by providing a 3-year, 36,000-mile warranty on all of our work. Our goal is to provide the highest level of service, the highest quality of repair, and to build long-lasting relationships with our customers and their vehicles," Mavelian added. Autoscope offers a wide range of services, including regular maintenance, diagnostics, and repairs, ensuring its customers receive the highest level of care for their vehicles. Additionally, Autoscope offers a convenient and stress-free experience, with amenities such as a comfortable waiting area, free Wi-Fi, a free car wash with service, loaner cars, and a shuttle service. Autoscope's Park Cities service center is open 7:30 am – 6.00 pm Monday through Friday and closed on Saturday and Sunday. Appointments can be made by calling (214) 350-3050 or scheduling online at: Park Cities. Autoscope has two additional locations: Dallas ( White Rock area ) and Plano, TX. Visit the company's official website at https://www.autoscopecarcare.com to learn more about Autoscope European Car Care. About Autoscope European Car Care Autoscope European Car Care is a 40-year-old family-owned business that provides high-quality car care. Autoscope services most European makes and models, including Audi, BMW, Bentley, Jaguar, Land Rover, Mercedes-Benz, Mini, Porsche, and Rolls-Royce. With a team of highly skilled technicians and state-of-the-art equipment, the company is dedicated to providing the best personal service to its customers in the Dallas-Plano area. Contact Details Service Location: 6134 Denton Dr, Dallas, TX 75235 Telephone Number: (214) 350-3050 Website: https://www.autoscopecarcare.com Contact Details Autoscope Nerces Mavelian +1 214-350-3050 nmavelian@autoscopecarcare.com Company Website https://www.autoscopecarcare.com/

February 15, 2023 08:04 AM Eastern Standard Time