Month: September 2021

Onconova Therapeutics Announces Encouraging Clinical Data Supporting The Anti-Cancer Activity Of Rigosertib-Nivolumab Combination In Advanced KRAS+ Non-Small Cell Lung Cancer

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Onconova Therapeutics Announces Encouraging Clinical Data Supporting The Anti-Cancer Activity Of Rigosertib-Nivolumab Combination In Advanced KRAS+ Non-Small Cell Lung Cancer

 

Preliminary Phase 1/2a trial data show an early signal of activity in extensively pre-treated population with 2 partial responses out of 7 evaluable patients

Responses were seen in patients with different KRAS mutations

Data supports further development of rigosertib, in combination with immune checkpoint inhibitors in KRAS mutated (KRAS+) non-small cell lung cancer

Management hosting webinar with key opinion leaders to discuss data today at 4:30 p.m. ET

NEWTOWN, Pa., Sept. 22, 2021 (GLOBE NEWSWIRE) — Onconova Therapeutics, Inc. (NASDAQ: ONTX), a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer, today announced preliminary safety and efficacy data from an investigator-initiated Phase 1/2a trial of oral rigosertib plus the immune checkpoint inhibitor nivolumab in advanced KRAS mutated (KRAS+) non-small cell lung cancer (NSCLC). The data, which are being featured in a presentation at the 3rd Annual RAS Targeted Drug Development Summit, support the potential anti-cancer activity of rigosertib-nivolumab combination therapy in this indication and show that the doublet has been well tolerated to-date. Three quarters of patients enrolled in the trial have failed two or more lines of prior therapy and all have failed immune checkpoint inhibitors in various combinations.

Steven M. Fruchtman, M.D., President and Chief Executive Officer of Onconova, commented, “The data being presented today support the potential applicability of rigosertib’s mechanism of action against multiple KRAS mutations and its synergy with immuno-oncology therapeutics. Radiographic responses were seen across multiple KRAS variants, which potentially differentiates rigosertib from other RAS pathway modulators that target particular KRAS mutations. These responses were observed at the primary tumor site as well as metastatic sites such as the pleura and bone. These results also suggest that rigosertib may augment the response to checkpoint inhibitors, which is consistent with observations from preclinical studies, with potential applicability to indications such as NSCLC, melanoma, and others. Looking forward, we will continue to leverage our investigator-initiated study program to advance rigosertib’s clinical development in high-need KRAS mutated indications while keeping our primary focus on our lead ON 123300 (narazaciclib) program.”

Key data from the presentation include:

Demographics:

  • All enrolled patients (12/12) failed at least one line of prior therapy with a PD-1 checkpoint inhibitor (includes evaluable and non-evaluable patients)
  • 9 of 12 (75%) enrolled patients failed at least two prior lines of therapy

Response Results:

  • 2 of 7 (29%) evaluable patients achieved a partial response (PR)
    • PRs were observed in patients with two distinct KRAS mutations (G12C, G12V)
  • 3 of 7 (43%) evaluable patients achieved disease control (PR or stable disease)
  • 4 of 7 (57%) evaluable patients experienced progressive disease

Adverse Event Results:

  • The combination of rigosertib and nivolumab has been well tolerated and the maximum tolerated dose has not been reached to-date. Treatment related adverse events were mostly mild with two grade 3 adverse events.
  • 3 patients discontinued study drug (2 grade 2 genitourinary toxicities, 1 dose limiting grade 3 hyponatremia)
  • No unexpected safety events or synergistic toxicities have been observed

“Combining rigosertib with the immune checkpoint inhibitor nivolumab has been well tolerated and notably led to partial responses in 29% of evaluable patients who had previously progressed on prior checkpoint inhibitor therapies,” said Rajwanth Veluswamy, M.D., Assistant Professor, Medicine, Hematology and Medical Oncology, Icahn School of Medicine at Mount Sinai and Principal Investigator of the trial. “This safety and early efficacy signal highlights the combination of rigosertib and nivolumab’s ability to target KRAS mutated NSCLCs and potentially overcome immune checkpoint inhibitor resistance mechanisms. Importantly, responses were seen with different KRAS+ variants, addressing a critical unmet need.”

Mark S. Gelder, M.D., Chief Medical Officer of Onconova, commented, “We look forward to the continuation of this study and to continue development of the rigosertib nivolumab combination as a potential treatment for patients with limited therapeutic options.”

Slides from the presentation titled, “Phase 1/2 Trial of Rigosertib & Nivolumab in KRAS-Mutated NSCLC in 2nd+ Line” will be available on the “Scientific Presentations” section of the Onconova website following the conference.

Webinar Featuring Expert Overview from Key Opinion Leaders
Onconova will host a webinar today, September 22, 2021, at 4:30 p.m. ET to discuss the preliminary Phase 1/2a data. The call will feature expert discussion with Dr. Veluswamy and Scott Antonia, M.D., Ph.D., Professor of Medicine at the Duke Cancer Institute and Director of its Center for Cancer Immunotherapy. A question and answer session with these experts will follow formal presentations by Dr. Veluswamy and members of the Onconova management team.

To attend the webinar, click here. A replay of the webinar will be available by visiting the investors and media page on Onconova’s website at www.onconova.com and clicking on the webcast link.

About the Investigator-initiated Phase 1/2a Trial
This Phase 1/2a trial is designed to evaluate the combination of rigosertib and nivolumab in advanced KRAS+ metastatic NSCLC patients who have progressed on standard of care with anti-PD-1 monotherapy or anti-PD-1 in combination with chemotherapy. It includes a dose-escalating Phase 1 portion followed by a Phase 2a dose-expansion portion. Patients in the trial receive oral rigosertib twice daily on days 1-21, and intravenous nivolumab on days 1 and 15 of 28-day cycles. The primary endpoints of the trial are safety assessments to determine maximum tolerated dose and overall response rate. Secondary endpoints include progression free survival and overall survival. For more information on the trial, see ClinicalTrials.gov Identifier: NCT04263090.

About Onconova Therapeutics, Inc.
Onconova Therapeutics is a clinical-stage biopharmaceutical company focused on discovering and developing novel products for patients with cancer. The Company has proprietary targeted anti-cancer agents designed to disrupt specific cellular pathways that are important for cancer cell proliferation.

Onconova’s novel, proprietary multi-kinase inhibitor ON 123300 is being evaluated in two separate and complementary Phase 1 dose-escalation and expansion studies. These trials are currently underway in the United States and China.

Onconova’s product candidate rigosertib is being studied in an investigator-initiated study program, including in a dose-escalation and expansion Phase 1/2a investigator-initiated study with oral rigosertib in combination with nivolumab for patients with KRAS+ non-small cell lung cancer.

For more information, please visit www.onconova.com.

Forward-Looking Statements
Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. These statements relate to Onconova’s expectations regarding the timing of Onconova’s and investigator-initiated clinical development and data presentation plans, and the mechanisms and indications for Onconova’s product candidates. Onconova has attempted to identify forward-looking statements by terminology including “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” “preliminary,” “encouraging,” “approximately” or other words that convey uncertainty of future events or outcomes. Although Onconova believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including the success and timing of Onconova’s clinical trials, investigator-initiated trials and regulatory agency and institutional review board approvals of protocols, Onconova’s collaborations, market conditions and those discussed under the heading “Risk Factors” in Onconova’s most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Any forward-looking statements contained in this release speak only as of its date. Onconova undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

Company Contact:
Avi Oler
Onconova Therapeutics, Inc.
267-759-3680
ir@onconova.us
https://www.onconova.com/contact/

Investor Contact:
Bruce Mackle
LifeSci Advisors, LLC
646-889-1200
bmackle@lifesciadvisors.com 

QuickChek – September 22, 2021

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Comstock Commences Production At Mercury And Gold Extraction Facility

Comstock Mining announced that Clean Mercury Remediation Technologies, MCU’s Philippine Inc.’s joint venture, has received its remaining permit and commenced full operations

Research, News & Market Data on Comstock

Watch recent presentation from Comstock



Orion Group Holdings, Inc. Announces Contract Awards

Orion announced contract awards totaling approximately $35 million

Orion announced contract awards totaling approximately $26 million

Research, News & Market Data on Orion

Watch recent presentation from Orion



CoreCivic Announces Proposed Tack-On Offering of $100 Million of 8.25% Senior Notes Due 2026

CoreCivic announced that it intends to offer an additional $100,000,000 aggregate principal amount of its 8.25% senior unsecured notes due 2026

Research, News & Market Data on CoreCivic

Watch recent presentation from CoreCivic



Aurania Announces a Change to its Board of Directors

Aurania Resources announced that Mr. Alfred Lenarciak has resigned from its board of directors for personal reasons, effective immediately

Research, News & Market Data on Aurania

Watch recent presentation from Aurania



Onconova Therapeutics Announces Encouraging Clinical Data Supporting The Anti-Cancer Activity Of Rigosertib-Nivolumab Combination In Advanced KRAS+ Non-Small Cell Lung Cancer

Onconova Therapeutics announced preliminary safety and efficacy data from an investigator-initiated Phase 1/2a trial of oral rigosertib plus the immune checkpoint inhibitor nivolumab in advanced KRAS mutated (KRAS+) non-small cell lung cancer (NSCLC)

Research, News & Market Data on Onconova

Watch recent presentation from Onconova

 

Stay up to date. Follow us:

 

Orion Group Holdings, Inc. Announces Contract Awards of Approximately $35 Million

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Orion Group Holdings, Inc. Announces Contract Awards of Approximately $35 Million

 

HOUSTON–(BUSINESS WIRE)–Sep. 22, 2021– 
Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced contract awards totaling approximately 
$35 million.

The Company’s Marine segment has been awarded four contracts valued at a combined 
$35 million to perform marine and infrastructure construction work in the gulf coast, as well as in 
Alaska.

In the gulf coast, the Company has been awarded three contracts to construct marine infrastructure for private sector clients in 
Texas and 
Louisiana. Two of these awards, valued at 
$11.8 million and 
$6.7 million, are in the greater 
Houston area and call for the construction and dredging of new ship and barge berths for petrochemical loading and unloading. The third project, valued at approximately 
$9 million, calls for the replacement of an existing barge dock at a terminal located west of 
New Orleans. Work on all three projects is expected to commence in the fourth quarter of 2021 and be complete by third quarter of 2022.

In addition, the Company has been awarded a contract from the 
US Department of Transportation to demolish and replace an existing bridge in Alaska’s 
Denali National Park. This project is valued at 
$7.8 million and will commence late in the first quarter of 2022 with the work completed in late 2023.

“We’re pleased to announce these project awards, particularly those in the private sector energy and industrial spaces,” said  Mark Stauffer, Orion’s President and Chief Executive Officer. “Our disciplined approach to bidding project opportunities is paying off, and we expect to see significant additional awards in our marine business in the coming weeks.”

About Orion Group Holdings

Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental 
United States, 
Alaska, 
Canada and the 
Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in 
Houston, Texas with regional offices throughout its operating areas.

Forward-Looking Statements

The matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, the provisions of which the Company is availing itself. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as ‘believes’, ‘expects’, ‘may’, ‘will’, ‘could’, ‘should’, ‘seeks’, ‘approximately’, ‘intends’, ‘plans’, ‘estimates’, or ‘anticipates’, or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. In particular, statements regarding future operations or results, including those set forth in this press release and any other statement, express or implied, concerning future operating results or the future generation of or ability to generate revenues, income, net income, profit, EBITDA, EBITDA margin, or cash flow, including to service debt, and including any estimates, forecasts or assumptions regarding future revenues or revenue growth, are forward-looking statements. Forward looking statements also include estimated project start date, anticipated revenues, and contract options which may or may not be awarded in the future. Forward looking statements involve risks, including those associated with the Company’s fixed price contracts that impacts profits, unforeseen productivity delays that may alter the final profitability of the contract, cancellation of the contract by the customer for unforeseen reasons, delays or decreases in funding by the customer, levels and predictability of government funding or other governmental budgetary constraints and any potential contract options which may or may not be awarded in the future, and are the sole discretion of award by the customer. Past performance is not necessarily an indicator of future results. In light of these and other uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that the Company’s plans, estimates, forecasts, goals, intentions, or objectives will be achieved or realized. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update information contained in this press release whether as a result of new developments or otherwise.

Please refer to the Company’s Annual Report on Form 10-K, filed on 
March 2, 2021, which is available on its website at www.oriongroupholdingsinc.com or at the SEC’s website at www.sec.gov, for additional and more detailed discussion of risk factors that could cause actual results to differ materially from our current expectations, estimates or forecasts.

Orion Group Holdings Inc.
Francis Okoniewski, Vice President Investor Relations
(346) 616-4138
fokoniewski@orn.net
www.oriongroupholdingsinc.com

Robert Tabb, Executive Vice President & CFO
(713) 852-6500
www.oriongroupholdingsinc.com

Source: 
Orion Group Holdings, Inc.

Orion Group Holdings, Inc. Announces Contract Awards of Approximately $26 Million

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Orion Group Holdings, Inc. Announces Contract Awards of Approximately $26 Million

 

HOUSTON–(BUSINESS WIRE)–Sep. 22, 2021– 
Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced six contract awards in its key markets for its Concrete segment totaling approximately 
$26 million.

The Company was recently awarded two contracts in the 
Houston, Texas, area including an 
$8 million contract for the construction of a building as part of a new industrial park and a 
$9 million contract for the construction of four tilt-wall buildings in a new distribution center. Both projects are expected to commence construction in the fourth quarter of 2021 and be completed before year end 2022.

The Company also has been awarded a contract valued at 
$3.2 million to construct three buildings for a new school in its 
Dallas market and two contracts valued at over 
$4 million to build new townhome facilities in 
Austin, Texas. All three projects are expected to begin construction during the fourth quarter of 2021 and be completed in the second quarter of 2022.

In addition, the Company was awarded a 
$2.1 million contract to construct a single-story tilt-wall building with associated site work in Daytona, 
Florida, marking the first project for the Company’s Concrete segment outside of 
Texas. The project is expected to begin in the fourth quarter of 2021 and be complete by the end of the first quarter of 2022.

“The capture of work in 
Florida is of significant importance as it represents a key first step in our strategic plan to expand our Concrete business to this market,” said  Mark Stauffer, Orion’s President and Chief Executive Officer. “Our Marine segment has had an active present in the 
Florida market since the 1940s and our Concrete teams will leverage our existing experience, relationships and resources to grow into this market.”

About Orion Group Holdings

Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental 
United States, 
Alaska, 
Canada and the 
Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in 
Houston, Texas with regional offices throughout its operating areas.

Forward-Looking Statements

The matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, the provisions of which the Company is availing itself. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as ‘believes’, ‘expects’, ‘may’, ‘will’, ‘could’, ‘should’, ‘seeks’, ‘approximately’, ‘intends’, ‘plans’, ‘estimates’, or ‘anticipates’, or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. In particular, statements regarding future operations or results, including those set forth in this press release and any other statement, express or implied, concerning future operating results or the future generation of or ability to generate revenues, income, net income, profit, EBITDA, EBITDA margin, or cash flow, including to service debt, and including any estimates, forecasts or assumptions regarding future revenues or revenue growth, are forward-looking statements. Forward looking statements also include estimated project start date, anticipated revenues, and contract options which may or may not be awarded in the future. Forward looking statements involve risks, including those associated with the Company’s fixed price contracts that impacts profits, unforeseen productivity delays that may alter the final profitability of the contract, cancellation of the contract by the customer for unforeseen reasons, delays or decreases in funding by the customer, levels and predictability of government funding or other governmental budgetary constraints and any potential contract options which may or may not be awarded in the future, and are the sole discretion of award by the customer. Past performance is not necessarily an indicator of future results. In light of these and other uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that the Company’s plans, estimates, forecasts, goals, intentions, or objectives will be achieved or realized. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update information contained in this press release whether as a result of new developments or otherwise.

Please refer to the Company’s Annual Report on Form 10-K, filed on 
March 2, 2021, which is available on its website at www.oriongroupholdingsinc.com or at the SEC’s website at www.sec.gov, for additional and more detailed discussion of risk factors that could cause actual results to differ materially from our current expectations, estimates or forecasts.

Orion Group Holdings Inc.
Francis Okoniewski, Vice President Investor Relations
(346) 616-4138
fokoniewski@orn.net
www.oriongroupholdingsinc.com

Robert Tabb, Executive Vice President & CFO
(713) 852-6500
www.oriongroupholdingsinc.com

Source: 
Orion Group Holdings, Inc.

CoreCivic Announces Proposed Tack-On Offering of $100 Million of 8.25% Senior Notes Due 2026

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CoreCivic Announces Proposed Tack-On Offering of $100 Million of 8.25% Senior Notes Due 2026

 

BRENTWOOD, Tenn., Sept. 22, 2021 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it intends to offer an additional $100,000,000 aggregate principal amount of its 8.25% senior unsecured notes due 2026 (the “Additional Notes”), subject to market and other customary conditions. CoreCivic’s previously issued $450 million aggregate principal amount of 8.25% senior unsecured notes due 2026 (the “Existing Notes”) and the Additional Notes will constitute a single class of securities. The Additional Notes will be senior unsecured obligations of CoreCivic and will be guaranteed on a senior unsecured basis by all of CoreCivic’s subsidiaries that guarantee its senior secured credit facilities, the Existing Notes and its other indebtedness. CoreCivic intends to use the net proceeds from the offering of the Additional Notes for general corporate purposes, which may include purchasing CoreCivic’s existing $174.0 million principal amount of 4.625% senior notes due 2023 and CoreCivic’s existing $250.0 million principal amount of 4.75% senior notes due 2027 in open market or privately negotiated transactions, and/or repayment of amounts outstanding under CoreCivic’s revolving credit facility, Term Loan A or Term Loan B. To the extent CoreCivic repays amounts outstanding under its revolving credit facility, such amounts may be reborrowed. There can be no assurance that the offering of the Additional Notes will be consummated.

Imperial Capital is acting as left lead underwriter, StoneX Financial Inc. is acting as joint lead arranger, and Wedbush Securities Inc. is acting as co-manager for the offering.

The Additional Notes are being offered pursuant to CoreCivic’s effective shelf registration statement on Form S-3ASR, which became effective upon filing with the Securities and Exchange Commission on April 6, 2021. A preliminary prospectus supplement describing the terms of the offering has been filed with the Securities and Exchange Commission and is available at www.sec.gov. The offering may be made only by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement and accompanying prospectus relating to this offering may be obtained at Imperial Capital, LLC, 10100 Santa Monica Boulevard, Suite 2400, Los Angeles, CA 90067, Attn: Prospectus Department, or by telephone at (310) 246-3700.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This press release includes forward-looking statements regarding CoreCivic’s intention to issue the Additional Notes and its intended use of the net proceeds from the issuance of the Additional Notes. These forward-looking statements may be affected by risks and uncertainties in CoreCivic’s business and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosures contained in CoreCivic’s Securities and Exchange Commission filings, including CoreCivic’s annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, as well as the risks identified in the preliminary prospectus supplement and the accompanying prospectus relating to the offering. CoreCivic wishes to caution readers that certain important factors may have affected and could in the future affect CoreCivic’s actual results and could cause CoreCivic’s actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of CoreCivic, including the risk that the offering of the Additional Notes cannot be successfully completed. CoreCivic undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

About CoreCivic

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.

Contact:    Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024
Media: Steve Owen – Vice President, Communications – (615) 263-3107

Facebooks Practice of Whitelisting Accounts is Being Reviewed

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Facebook’s “Supreme Court” to Rule on Favoritism of Elite Users

 

Should Facebook have different rules for high-profile users than it does for the masses? Facebook’s Oversight Board said this week that it will review the company’s use of more relaxed content rules for high-profile users such as athletes and politicians. Under review is the companies “Cross Check” program for the better-known users.

 

What
is the Oversight Board

Mark Zuckerberg, the founder and CEO of Facebook appointed an Oversight Board in 2019. It’s a worldwide 20-member body, which includes human rights activists, lawyers, journalists, professors, and others to serve as an entity to hear appeals after Facebook makes decisions on content moderation. It is sometimes referred to as “Facebook’s Supreme Court” as it can overturn decisions made by company executives – it has the final word.

Since its creation, the Oversight Board has received more than 500,000 requests from Facebook users to examine its content moderation decisions. It has issued 15 decisions in what it calls “important cases,” with 11 of those decisions overturning Facebook. 

 

What’s at Stake in this Review

The review comes after a series of investigative reports by The Wall Street Journal that included a description of how the social media platform Facebook has applied one set of content moderation rules to regular users, but allowed high-profile users significantly more latitude with material that potentially violates Facebook’s content guidelines. It is to include how politicians, celebrities, journalists, etc. may be given different treatment or allowed another standard of conduct.

 

Source: oversightboard.com

 

The Wall Street Journal report showed the “cross-check” program effectively shields millions of accounts from the enforcement actions that more common Facebook users are held to. The program has allowed “whitelisted” accounts to post false claims that would not otherwise be tolerated. It also has allowed harassment, and other issues, according to the Journal.

Last year there were almost six million accounts in the system getting special treatment by Facebook employees. For the rest of Facebook’s 2.8 billion monthly visitors, violating the company’s guidelines against issues like bullying or hate speech is handled by automated systems. The Oversight Board said this week that Facebook must be more transparent in how rules are applied.

What Happens Next?

The Board said it expects to be briefed by Facebook within the next few days. The findings and any action will be published in October as part of its quarterly transparency report. The Board also said it has been examining the cross-check system “for some time.” In the past, it warned that a lack of transparency “could contribute to perceptions that Facebook is unduly influenced by political and commercial considerations.”

 

Take-Away

The Oversight Board is a Facebook-funded body that operates outside of the company’s formal corporate chain of command, it arbitrates decisions about content moderation. It’s in place as a separate entity outside of Facebook that has the final say in decision-making on moderation. It is currently looking at a practice Facebook uses, which uses digital electronic moderating for some and a far less stringent moderation system for others.

As with most businesses, reputation is important. The Board created less than two years by Mark Zuckerberg is to help protect the reputation of the company. The outcome of this review will be known in October.

 

Suggested Reading:



Advertising Rules Becoming a Guessing Game on Some Social Media

Your Data is Being Used to Generate Big Returns





Seeking Alpha Paywall Causes Frustration

Digital Media and Entertainment Industry Outlook

 

Sources:

https://oversightboard.com/news/3056753157930994-to-treat-users-fairly-facebook-must-commit-to-transparency/

https://www.cbsnews.com/news/facebook-cross-xcheck-oversight-board/

https://oversightboard.com/

https://www.wsj.com/articles/facebook-files-xcheck-zuckerberg-elite-rules-11631541353

 

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Coinbase to Propose a Regulatory Framework for Digital Currency

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	Image Credit: Alesia Kozik (Pexels)

Is Coinbase Planning to “School” the SEC on Cryptocurrencies?

 

The largest cryptocurrency exchange in the U.S. is going on the offensive. Earlier this month, Coinbase was notified by the SEC it would sue the crypto exchange if it moved forward with a plan to provide users interest on crypto assets. Coinbase ($COIN) is now preparing to propose a regulatory framework for digital currency oversight to federal officials. It is likely to contain definitions as to where various coins fall in the spectrum of whether a coin-based asset is a security, currency, or something else. This is after Coinbase’s Chief Legal Officer, Paul Grewal, and CEO, Brian Armstrong, said the SEC had sent a Wells Notice to the exchange. The notice received in early September said it had concluded an investigation on the company and would sue Coinbase if it were to go forward with its plans.

 

SEC
Specific Findings

In determining whether or not Coinbase’s Lend program would violate securities laws, the SEC referred to two U.S Supreme Court precedents. The Howey case and the Reves case were the two cited.  The full contents of the Wells Notice have not been made public, but it’s believed the SEC views cryptocurrency as securities, making the Lend program akin to securities lending much like stock lending or bond lending. Both stocks and bonds fall under the definition of securities and the lending and rebates rates are regulated transactions.

Coinbase History

Coinbase was a founding member of the Crypto Rating Council (CRC), which was created in 2019 to create a shared understanding of how closely any given cryptocurrency resembled a security. This framework was designed to standardize how exchanges approach crypto listings and products within the U.S. The Crypto Rating Council rated each coin from 1 to 5. A score of 1 referred to a currency that is not a security. A score of 5 indicated that a crypto-coin is a security. The CRC has not given a 5 rating to any coins.

This ratings initiative and scorecard were designed to be used by developers for future projects for evaluation and design. Coinbase published as open-source the technical framework for crypto developers last year. The idea was that projects that adopted the framework could ensure their cryptocurrencies would be technically suitable for Coinbase trading if approved for the platform.

SEC Crypto History

The U.S. Securities and Exchange Commission has been reviewing cryptocurrencies in order to develop a framework that protects investors and promotes fairness for those transacting in securities. Many still question whether cryptocurrency should be under its umbrella at all. The SEC Chair, Gary Gensler taught courses at MIT related to cryptocurrencies. In a YouTube video class from the Fall of 2018, Professor Gensler can be heard defining currency as having the following characteristics: Durable, Portable, Divisible, and Uniform/Fungible. Perhaps this class given at a prestigious school by the now SEC head will be included in the “schooling” Coinbase uses to propose regulatory standards.

Take-Away

Coinbase promoted its Lend as a means for investors to earn interest on their crypto holdings. Before implementation, the Securities and Exchange Commission warned that it would sue Coinbase if it went ahead with the plan. Coinbase is taking a proactive stance in laying out what it believes the appropriate regulatory framework would look like. This is expected to be released shortly. In the interim, cryptocurrencies and those active in the asset class are faced with much uncertainty.

One investor of innovation, Cathie Wood purchased 65,612 shares of Coinbase on Tuesday (September 21) for the
ARK
Innovation ETF (ARKK) she oversees. ARKK holds 4,254,756 shares of Coinbase in its portfolio with a market value of more than $1.01 billion.

 

 

 

Suggested Reading:



The Wells Notice to Coinbase May be the Tip of the Iceberg

Is Interest Paid on Crypto Holdings and SEC Violation?





AMC Theaters Now Accepts 4 Cryptocurrencies

What’s the Timeline for a U.S. Digital Currency?

 

Sources:

https://www.barrons.com/articles/coinbase-coin-crypto-regulatory-framework-51632305877?mod=hp_DAY_3

https://twitter.com/brian_armstrong/status/1435439291715358721?lang=en

https://www.banklesstimes.com/2021/09/22/coinbase-to-propose-crypto-regulations-to-u-s-officials/

 

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Onconova Therapeutics (ONTX) – New Data Shows Rigosertib Efficacy In Lung Cancer

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Wednesday, September 22, 2021

Onconova Therapeutics (ONTX)
New Data Shows Rigosertib Efficacy In Lung Cancer

Onconova Therapeutics Inc is a clinical-stage biopharmaceutical company operating in the US. It focuses on discovering and developing novel small molecule product candidates primarily to treat cancer. The company has created a library of targeted agents designed to work against cellular pathways important to cancer cells. Its product candidates are Single-agent IV rigosertib, Oral rigosertib + azacitidine, IV Briciclib, Recilisib, and ON 123300. The key product candidate Rigosertib is a small molecule which blocks cellular signaling by targeting RAS effector pathways.

Robert LeBoyer, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Data To Be Presented At Scientific Conference.  Onconova is scheduled to present data from the Phase 1/2a clinical trial evaluating the combination of rigosertib and nivolumab (Opdivo) in non-small cell lung cancer (NSCLC) today at 11:30 at the 3rd Annual RAS Targeted Drug Development Summit. The company released efficacy data this morning, and plans to hold a conference call to discuss the data this afternoon.

    Study Design.  The Phase 1/2a trial tests rigosertib in combination with the checkpoint inhibitor nivolumab, a PD-1 inhibitor.  Prior studies have shown that Rigosterib blocks multiple RAS mutations and also stimulates stronger immune responses. The trial was designed to combine the two drugs in patients with tumors that test positive for mutations in the KRAS signaling pathway (KRAS+) …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Comstock Commences Production At Mercury And Gold Extraction Facility

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Comstock Commences Production At Mercury And Gold Extraction Facility

 

VIRGINIA CITY, NEVADA, September 22, 2021 – Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) and Mercury Clean Up LLC (“MCU”) today announced that Clean Mercury Remediation Technologies (“CMRT”), MCU’s Philippine Inc.’s joint venture, has received its remaining permit and commenced full operations in the venture’s first commercial mercury remediation system in the province of Davao D’ Oro, Philippines.

“We are pleased to restart and initiate sales as we remediate mercury contamination and return the local environment back to its natural state,” said Comstock’s Executive Chairman and Chief Executive Officer, Corrado DeGasperis.

Artisanal and Small Scale Gold Mining (ASGM)

Mercury?dependent ASGM uses a process known as amalgamation to dissolve gold from natural deposits. The amalgam is then typically isolated by hand and then heated to distill the mercury and isolate the gold. Problematically, mercury is hazardous to human health and the environment, where residual ASGM wastes contaminate water and soil and bioaccumulate into the food chains. The risks to children are also substantial, with mercury emissions from ASGM resulting in both physical and mental disabilities and compromised development. The amalgamation process was regulated into extinction by most countries, but upwards of 20 million people in more than 70 countries still use mercury to mine for gold, making mercury pollution a U.N. prioritized global issue through the Minamata Convention.

Proprietary Remediation and Extraction Process

The Naboc River in Davao D’ Oro has long been a channel for effluents of mining activities, with hundreds of historical mining operations without sufficient tailing ponds to prevent releases of toxic, mercury-laden discharges. That history is evidenced by high levels of mercury and other contaminants in the local ecosystem, according to the Philippine’s Department of Environment and Natural Resources (DENR).

MCU’s Davao D’Oro facility is designed to remediate mercury contamination from the entire local ecosystem, thereby reviving a 24 kilometer stretch of the Naboc River and restoring all of its downstream irrigation systems for safe use, while extracting and selling residual gold and cleaned sand, soil and gravel co-products for multiple high-margin revenue streams.

“The Davao D’Oro facility is expected to produce pre-tax operating income, depending on yields,” continued DeGasperis. “Our deployment plans for MCU involve sustained growth through continued expansion with many additional facilities after moving into positive cash flows with the Davao D’Oro facility over the next few months.”

A photo accompanying this announcement is available here.

About Comstock Mining Inc.

Comstock Mining Inc. (NYSE: LODE) (the “Company”) is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products. To learn more, please visit www.comstockmining.com.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so.

Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, taxes, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, mercury remediation and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mercury remediation, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with mercury remediation, metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; ability to achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology, mercury remediation technology and efficacy, quantum computing and advanced materials development, and development of cellulosic technology in bio-fuels and related carbon-based material production; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.

Contact Information    
Comstock Mining Inc.

P.O. Box 1118

Virginia City, NV 89440

www.comstockmining.com

 Corrado De Gasperis

Executive Chairman & CEO

Tel (775) 847-4755

degasperis@comstockmining.com

 Zach Spencer

Director of External Relations

Tel (775) 847-5272 Ext.151

questions@comstockmining.com

Aurania Announces a Change to its Board of Directors

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Aurania Announces a Change to its Board of Directors

 

Toronto, Ontario, September 22, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) announces that Mr. Alfred Lenarciak has resigned from its board of directors (the “Board”) for personal reasons, effective immediately.  Mr. Lenarciak will be retained as a consultant to the Company for a period of one year and will provide advisory services to the Company if and when requested by the Company.  Aurania’s Board thanks Mr. Lenarciak for his contribution to the Company and wishes him well in his future endeavours.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir@aurania.com

 Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer@aurania.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: Aurania Resources Ltd.

Release – Engine Medias WinView Games Announces Partnership with Atlanta Radio Station 680 The Fan

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Engine Media’s WinView Games Announces Partnership with Atlanta Radio Station 680 The Fan

 

Partnership Expands on Current Partnership Between Engine Media’s Frankly Media and 680 The Fan

NEW YORK, September 21, 2021 — Engine Media Holdings, Inc. (“Engine” or the “Company”; NASDAQ: GAME; TSX-V: GAME), an esports/sports gaming and next-generation media solutions company, today announced that its wholly owned subsidiary, WinView Games (“WinView”) has entered into a partnership with 680 The Fan, Atlanta’s preeminent sports radio station, to elevate listener engagement with live games of skill that test the audience’s sports IQ for cash or fun. The partnership consists of exclusive WinView contests and promotions that are synchronized to 680 The Fan’s broadcast and website. These contests will allow people to play along while they listen or watch a game, which will span Braves, Hawks, Falcons, Bulldogs, and Yellow Jackets games. These games will be produced in both live and pregame modes, which will allow users to constantly engage with the events.

This partnership illustrates Engine’s unique position in the skills-based gaming market and its ability to combine media solutions with social gaming experiences to create truly one-of-a-kind experiences. 680 The Fan has worked with Engine’s wholly-owned subsidiary, Frankly Media (“Frankly”), to develop and manage its digital sports destination, including leveraging its live streaming audio and video platform.  WinView’s newly announced partnership with 680 The Fan is a perfect compliment.

This is the first partnership of its kind and has the potential to be replicated with other media platforms and to evolve into team partnerships. The decision for WinView to partner with 680 The Fan is driven by their impressive content and large sports following that will promote and market WinView Games. The decision for 680 The Fan to partner with WinView is driven by their commitment to continue improving fan engagement through the play-along game prediction platform offered by WinView. This commitment will be furthered by three of their top on-air personalities (Matt Chernoff, Carlos Medina, and Brian Hoyt) driving the program through the airwaves.

Scott McFarlane, Operations Director of 680 The Fan commented on the announcement stating, “We are excited about delivering these promotions to our listeners. This is a thrilling way to improve fan engagement and interaction with the station and the teams. Our partnership with WinView is another opportunity to enhance the digital sports destination we have been building with Frankly and Engine.”

“Partnering with outlets such as 680 The Fan is another example of Engine Media’s long-term growth plan. We are thrilled to continue partnering with this world-class team,” added Engine Media Chief Executive Officer Lou Schwartz. “Partnerships like this help broadcasters drive audience engagement and realize new streams of revenue. Additionally, social gaming is a way to engage fans by allowing them to demonstrate their sports IQ competing against other fans and winning cash.”

About Engine Media Holdings, Inc.

Engine Media Holdings Inc. is traded publicly under the ticker symbol (NASDAQ: GAME) (TSX-V: GAME). Engine provides premium social sports and esports gaming experiences, as well as unparalleled data analytics, marketing, advertising, and intellectual property to support its owned and operated direct-to-consumer properties while also providing these services to enable its clients and partners. The company’s subsidiaries include Stream Hatchet, the global leader in gaming video distribution analytics; Sideqik, a social influencer marketing discovery, analytics, and activation platform; Eden Games, a premium motorsport video game developer and publisher across console and mobile gaming; WinView Games, a social predictive play-along gaming platform for viewers to play while watching live events; UMG, an end-to-end competitive esports platform powering and broadcasting major esports events, as well as daily community tournaments, matches, and ladders; and Frankly Media, a digital publishing platform used to create, distribute and monetize content across all digital channels. Engine Media generates revenue through a combination of direct-to-consumer and subscription fees, streaming technology and data SaaS-based offerings, programmatic advertising, and sponsorships.

About Frankly Media

Frankly Media provides a complete suite of solutions that give publishers a unified workflow for the creation, management, publishing and monetization of digital content to any device, while maximizing audience value and revenue. Frankly delivers publishers and their audiences the solutions to meet the dynamic challenges of a multi-screen content distribution world.

Frankly’s comprehensive advertising services maximize ROI for our customers, including direct sales and programmatic ad support. With the release of our server-side ad insertion (SSAI) platform, Frankly is well-positioned to help video producers take full advantage of the growing market in addressable advertising.

Frankly’s technology products include a groundbreaking online video platform for Live, VOD and Live-to-VOD workflows, a full-featured CMS with rich storytelling capabilities, as well as native apps for iOS, Android, Apple TV, Fire TV and Roku.

About WinView Games

WinView Games is a Silicon Valley based company that is focused on paid entry, mobile two-screen synchronized televised sports games of skill in the U.S. The Company plans to leverage its extensive experience in pioneering real-time interactive television games played on the mobile second screen, its foundational patents and unique business model. The WinView app is an end-to-end two-screen TV synchronization platform for both television programming and commercials. The paid entry, skill-based WinView Games app uniquely enhances TV viewing enjoyment and rewards sports fans with prizes as they answer in-game questions while competing with friends in real-time during live televised sports. These games of skill are legal in 36 states. For more information, please visit www.winviewgames.com.

About Dickey Broadcasting Company

Dickey Broadcasting Company has been an Atlanta Sports institution for over 28 years. In addition to launching the sports-talk radio format in Atlanta (680 The Fan), DBC owns and operates multiple radio networks (The Braves Radio Network and Southern Sports Today), a conservative talk station (Xtra 106.3), robust digital and mobile offerings, and a sports-based events series (Tailgate Central).  DBC’s headquarters and studios are located inside the Battery Atlanta.

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Engine to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. In respect of the forward-looking information contained herein, including the marketing partnership described herein and the potential outcomes and benefits to be derived therefrom, Engine has provided such statements and information in reliance on certain assumptions that management believed to be reasonable at the time. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements stated herein to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on forward-looking information contained in this news release.

The forward-looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date. Engine does not assume any obligation to update or revise any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For Further Information:

Investors
Ryan Lawrence, ICR
Ryan.Lawrence@icrinc.com
332-242-4321

Media
James Goldfarb, Sloane & Company
jgoldfarb@sloanepr.com
212-446-1869

Source: Engine Media Holdings, Inc.

Engine Media’s WinView Games Announces Partnership with Atlanta Radio Station 680 The Fan

Posted on by Admin

 


Engine Media’s WinView Games Announces Partnership with Atlanta Radio Station 680 The Fan

 

Partnership Expands on Current Partnership Between Engine Media’s Frankly Media and 680 The Fan

NEW YORK, September 21, 2021 — Engine Media Holdings, Inc. (“Engine” or the “Company”; NASDAQ: GAME; TSX-V: GAME), an esports/sports gaming and next-generation media solutions company, today announced that its wholly owned subsidiary, WinView Games (“WinView”) has entered into a partnership with 680 The Fan, Atlanta’s preeminent sports radio station, to elevate listener engagement with live games of skill that test the audience’s sports IQ for cash or fun. The partnership consists of exclusive WinView contests and promotions that are synchronized to 680 The Fan’s broadcast and website. These contests will allow people to play along while they listen or watch a game, which will span Braves, Hawks, Falcons, Bulldogs, and Yellow Jackets games. These games will be produced in both live and pregame modes, which will allow users to constantly engage with the events.

This partnership illustrates Engine’s unique position in the skills-based gaming market and its ability to combine media solutions with social gaming experiences to create truly one-of-a-kind experiences. 680 The Fan has worked with Engine’s wholly-owned subsidiary, Frankly Media (“Frankly”), to develop and manage its digital sports destination, including leveraging its live streaming audio and video platform.  WinView’s newly announced partnership with 680 The Fan is a perfect compliment.

This is the first partnership of its kind and has the potential to be replicated with other media platforms and to evolve into team partnerships. The decision for WinView to partner with 680 The Fan is driven by their impressive content and large sports following that will promote and market WinView Games. The decision for 680 The Fan to partner with WinView is driven by their commitment to continue improving fan engagement through the play-along game prediction platform offered by WinView. This commitment will be furthered by three of their top on-air personalities (Matt Chernoff, Carlos Medina, and Brian Hoyt) driving the program through the airwaves.

Scott McFarlane, Operations Director of 680 The Fan commented on the announcement stating, “We are excited about delivering these promotions to our listeners. This is a thrilling way to improve fan engagement and interaction with the station and the teams. Our partnership with WinView is another opportunity to enhance the digital sports destination we have been building with Frankly and Engine.”

“Partnering with outlets such as 680 The Fan is another example of Engine Media’s long-term growth plan. We are thrilled to continue partnering with this world-class team,” added Engine Media Chief Executive Officer Lou Schwartz. “Partnerships like this help broadcasters drive audience engagement and realize new streams of revenue. Additionally, social gaming is a way to engage fans by allowing them to demonstrate their sports IQ competing against other fans and winning cash.”

About Engine Media Holdings, Inc.

Engine Media Holdings Inc. is traded publicly under the ticker symbol (NASDAQ: GAME) (TSX-V: GAME). Engine provides premium social sports and esports gaming experiences, as well as unparalleled data analytics, marketing, advertising, and intellectual property to support its owned and operated direct-to-consumer properties while also providing these services to enable its clients and partners. The company’s subsidiaries include Stream Hatchet, the global leader in gaming video distribution analytics; Sideqik, a social influencer marketing discovery, analytics, and activation platform; Eden Games, a premium motorsport video game developer and publisher across console and mobile gaming; WinView Games, a social predictive play-along gaming platform for viewers to play while watching live events; UMG, an end-to-end competitive esports platform powering and broadcasting major esports events, as well as daily community tournaments, matches, and ladders; and Frankly Media, a digital publishing platform used to create, distribute and monetize content across all digital channels. Engine Media generates revenue through a combination of direct-to-consumer and subscription fees, streaming technology and data SaaS-based offerings, programmatic advertising, and sponsorships.

About Frankly Media

Frankly Media provides a complete suite of solutions that give publishers a unified workflow for the creation, management, publishing and monetization of digital content to any device, while maximizing audience value and revenue. Frankly delivers publishers and their audiences the solutions to meet the dynamic challenges of a multi-screen content distribution world.

Frankly’s comprehensive advertising services maximize ROI for our customers, including direct sales and programmatic ad support. With the release of our server-side ad insertion (SSAI) platform, Frankly is well-positioned to help video producers take full advantage of the growing market in addressable advertising.

Frankly’s technology products include a groundbreaking online video platform for Live, VOD and Live-to-VOD workflows, a full-featured CMS with rich storytelling capabilities, as well as native apps for iOS, Android, Apple TV, Fire TV and Roku.

About WinView Games

WinView Games is a Silicon Valley based company that is focused on paid entry, mobile two-screen synchronized televised sports games of skill in the U.S. The Company plans to leverage its extensive experience in pioneering real-time interactive television games played on the mobile second screen, its foundational patents and unique business model. The WinView app is an end-to-end two-screen TV synchronization platform for both television programming and commercials. The paid entry, skill-based WinView Games app uniquely enhances TV viewing enjoyment and rewards sports fans with prizes as they answer in-game questions while competing with friends in real-time during live televised sports. These games of skill are legal in 36 states. For more information, please visit www.winviewgames.com.

About Dickey Broadcasting Company

Dickey Broadcasting Company has been an Atlanta Sports institution for over 28 years. In addition to launching the sports-talk radio format in Atlanta (680 The Fan), DBC owns and operates multiple radio networks (The Braves Radio Network and Southern Sports Today), a conservative talk station (Xtra 106.3), robust digital and mobile offerings, and a sports-based events series (Tailgate Central).  DBC’s headquarters and studios are located inside the Battery Atlanta.

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Engine to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. In respect of the forward-looking information contained herein, including the marketing partnership described herein and the potential outcomes and benefits to be derived therefrom, Engine has provided such statements and information in reliance on certain assumptions that management believed to be reasonable at the time. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements stated herein to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on forward-looking information contained in this news release.

The forward-looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date. Engine does not assume any obligation to update or revise any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For Further Information:

Investors
Ryan Lawrence, ICR
Ryan.Lawrence@icrinc.com
332-242-4321

Media
James Goldfarb, Sloane & Company
jgoldfarb@sloanepr.com
212-446-1869

Source: Engine Media Holdings, Inc.

Cumulus Media Releases New Investor Presentation

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Cumulus Media Releases New Investor Presentation

 

ATLANTA, GA — September 20, 2021: Cumulus Media Inc. (NASDAQ: CMLS) announced today that it has released a new investor presentation, which can be found on its website at www.cumulusmedia.com/investors. A virtual video presentation is available via ChannelChek as part of Noble Capital Markets’ C-Suite Interview Series via the following link: Investor Presentation Video. Access to the virtual video presentation is free of charge and open to the public.

Mary G. Berner, President and Chief Executive Officer of CUMULUS MEDIA, said, “This presentation gives both existing and new investors a deeper understanding of our multi-year strategic repositioning from a one-dimensional radio company to a multi-dimensional, audio-first media company with multiple drivers of shareholder value, including:

  • A continuation of recovery in the radio market,
  • Multiple fast-growing digital business lines,
  • Excellent free cash flow characteristics,
  • A strong balance sheet and liquidity profile, and
  • Substantial optionality regarding capital allocation.”

Berner continued, “With our proven team and track record of success, we believe that Cumulus Media is exceedingly well-positioned to deliver significant additional upside to shareholders.”

Upcoming Conference:

Deutsche Bank 29th Annual Leveraged Finance Conference: Management will present on October 6, 2021, at 8:00 AM Eastern Time, and will host one-on-one meetings on October 5-6, 2021.

About CUMULUS MEDIA

CUMULUS MEDIA (NASDAQ: CMLS) is a leading media, advertising, and marketing services company delivering premium content to over a quarter billion people every month — wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 413 owned-and-operated radio stations across 86 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and many other world-class partners across nearly 7,300 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through the CUMULUS Podcast Network, its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. CUMULUS MEDIA provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees. For more information visit www.cumulusmedia.com.

Disclosure Regarding Forward-Looking Statements

Certain statements in this release may constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Such statements are statements other than historical fact and relate to our intent, belief or current expectations primarily with respect to our future operating, financial, and strategic performance. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ from those contained in or implied by the forward-looking statements as a result of various factors including, but not limited to, risks and uncertainties related to the implementation of our strategic operating plans, the evolving and uncertain nature of the COVID-19 pandemic and its impact on the Company, the media industry, and the economy in general and other risk factors described from time to time in our filings with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond our control, and the unexpected occurrence or failure to occur of any such events or matters could significantly alter our actual results of operations or financial condition. CUMULUS MEDIA assumes no responsibility to update any forward-looking statements, which are based upon expectations as of the date hereof, as a result of new information, future events or otherwise.

For further information, please contact:

Investor Relations Department
IR@cumulus.com
404-260-6600

Source: Cumulus Media