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CYIOS Corp Provides Shareholders Update

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Company to Ship 24 HAND SANITIZER Pre-Orders This Week and Engages Specialty Online Marketing, Social Media Advertising Firm

Aventura, Florida–(Newsfile Corp. – July 22, 2020) – CYIOS Corp (OTC Pink: CYIO), a publicly traded company focused on developing and marketing specialty branded products in the Health and Wellness markets, is pleased to provide the following shareholders update and progress report since launching the Company’s online store last month.

Mr. John O’Shea, Chairman of CYIOS Corp. stated, “We are pleased to report positive Company progress since launching our online store in June. With global case numbers of the current pandemic spiraling out of control, the need for sanitizing solutions is rapidly growing for personal use, home use and business use. Since launching our new online retail store, traffic has been building and sales of our retail consumer products have been booked with shipping underway. The Company is investing in, and currently expanding on, various marketing initiatives designed to increase awareness of the Company’s products and drive traffic to the online store. As part of this initiative, we just completed our first 24 HAND SANITIZER educational and promotional video which can be found here. In addition, the Company has also engaged a specialty online marketing and social media advertising firm to build awareness and drive traffic of all company products.

The Company has been shipping KN-95 5ply face masks, DR’s CHOICE CBD tinctures and topicals and has commenced fulfillment of orders for its 24 HAND SANITIZER. The Company is pleased to announce that two organizations have purchased a total of 700 units of 24 HAND SANITIZER 2ounce tubes, and will be donating all 700 units to first responders and other organizations in need. These 700 units have been purchased and fully paid for by two independent groups that will be making the donations to organizations in consultation with and on behalf of the Company.

The Company has also added additional new products to its online store, including immediate availability of long lasting, alcohol-free hand sanitizer wipes as well as gallon size foaming hand sanitizer containers all formulated with Zetrisil® which provides a nano-shield of unsurpassed protection for hours against recontamination on your hands. 24 HAND SANITIZER is the Company’s consumer branded product and is formulated as a luxurious, long-lasting, alcohol-free sanitizer that leaves hands not only soft and silky smooth, but also germ-free and protected against recontamination for hours after a single application. The fast-acting, ALCOHOL-FREE formula has been clinically shown to kill 99.99% of harmful germs hands may come into contact with.

Mr. O’Shea continued, “In addition, we are working closely with Cicero Transact for marketing to business owners as we prepare to release numerous new sanitizing products for commercial and industrial use, which includes bulk hand sanitizer, hard surface disinfectant/cleaner, and laundry care. Cicero will play an important role, and as part of our previously disclosed agreement they will supply the Company with 2,500,000 records of business owners, medical professionals, pharmacists, restaurateurs, janitorial supply companies, cleaning services, hospitals, property and building management companies, and other key demographic targets that suit Choice Wellness products and our soon to be released commercial products. Our near term focus is to launch additional products that serve specific needs in today’s demanding environment. The objective is to become a trusted solutions provider and online destination for both consumer and business users through offering superior, unique, proprietary sanitizing products that are safer for the environment and are an effective alternative to alcohol based sanitizers which are toxic, flammable and potentially seriously dangerous if ingested. With our FDA Registered products, the physical kill of germs is accomplished by the active ingredient Benzolkonium Chloride which is one of only three (and the only one that is non-alcohol) active ingredients allowed by the FDA for use in hand sanitizer.”

Mr. O’Shea, went on to say, “What sets us apart is that we are investing in our own product development and not simply contracting with a random distillery packaging up Ethyl or Propyl alcohol into a flammable, toxic gel goop that stings if you have a minor nick or cut on your hands or cuticle. Furthermore, alcohol sanitizer is only effective from the time you put it on your hands and until it dries, after which you have no further protection from recontamination. 24 Sanitizer not only kills most potentially harmful germs on hands, but provides for hours of lasting protection from recontamination. Part of our mission is to educate and build customer loyalty among consumers seeking the best protection for themselves, family and children. Our promotional videos are designed to be educational as we believe over time consumers will seek out safer alternative sanitizing solutions rather than using gasoline additives like ethyl alcohol on their skin or kids hands 5 to 10 times a day.”

With Sanitizer global forecasts predicted to grow at a staggering pace, we believe we are at the right place at the right time in order to grab market share through offering superior products that are a safer alternative to alcohol based sanitizers. We look forward to launching new products in the short term and expand our offerings of sanitizing solutions that can give people freedom to go out in public without worrying about contracting a virus from touching a potentially contaminated surface like a bank ATM, gas pump, elevator button, door handle or shopping cart,” concluded Mr. O’Shea.

CONTACT INFORMATION

[email protected]

Investors are encouraged to follow CYIOS using:

www.twitter.com/cyioscorp

www.linkedin.com/company/cyios-corporation-llc

www.facebook.com/cyioscorporation

About ChoiceWellness, Inc

ChoiceWellness, Inc. is a health and wellness company that has brought to market the DR’s CHOICE line of products, as well as the “24” Brand Hand Sanitizer products. DR’s CHOICE was developed with a mission to offer Doctors and Medical Practitioners their own Professional Grade CBD BRAND with a suite of products they could stand behind and be confident to offer to their patients. Our customers can be assured that DR’s CHOICE CBD products have gone through the highest scrutiny of testing for purity, potency and quality. DR’s Choice products have been brought to market for Doctors and Medical Professionals seeking a better solution for patients suffering from pain, inflammation, anxiety or other persistent symptoms. For more information please visit www.choicewellnessbrands.com

About CYIOS Corporation

CYIOS Corporation is a publicly traded company focused on developing and marketing specialty branded products in the Health and Wellness markets, including the “DR’s CHOICE” and “24” brand of products. The team has in-depth knowledge of the health and wellness markets, financial services industry, medical and health services, and blockchain. The Company looks to develop, distribute, and license proprietary products as well as evaluate potential acquisition opportunities. Further, the Company continues to seek and evaluate attractive business opportunities and to leverage its resources and expertise to build a diversified, sustainable business model. For more information please visit www.cyioscorporation.com

FORWARD-LOOKING STATEMENTS: This release contains “forward-looking statements.” Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “would,” “could,” “will” & other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered w/ these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

Fintech

Expressions of Interest for Director of the European Bank for Reconstruction and Development

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The Minister for Finance, Michael McGrath, is inviting Expressions of Interest from suitably qualified candidates to be considered as Ireland’s Director of the London-based European Bank for Reconstruction and Development (EBRD). The remunerated position of Director is an important post with a demanding workload. A full-time residential position, it is based at Bank headquarters in London.

The Minister’s nominee is expected to be appointed by the EBRD, with the agreement of Ireland’s Constituency partner countries, for a three-year term from 1 August 2024.

Minister McGrath commented:

“This is an exciting opportunity to represent Ireland (and our Constituency partners Denmark, Lithuania and Kosovo) as a Director on the Board of the European Bank for Reconstruction and Development overseeing the policy-making and governance of the Bank. The EBRD is a unique International Financial Institution supporting projects across three continents. By investing in projects which otherwise would not be fully met by the market, the EBRD promotes entrepreneurship and fosters transition towards open and sustainable market economies. I am keen to ensure our Irish representative has the ability, education, vision, and experience to make a significant contribution to the Board and brings a range of skills and diverse perspective to the deliberations of the Board.

My nominee will need high competence in economic and financial matters. Expertise can come from notable or significant achievements in the corporate or financial sector, academia, policy-focused institutions, or public service. Importantly, they will have the highest ethical standards, a strong sense of professionalism and commitment, and dedication to serving the interests of all the shareholders and be able to make themself readily available to the Board in the fulfilment of their duties.”

Expressions of interest will be accepted up to 3pm on 27th March 2024

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Council adopts regulation on instant payments

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The Council adopted today a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.

The new rules will improve the strategic autonomy of the European economic and financial sector as they will help reduce any excessive reliance on third-country financial institutions and infrastructures. Improving the possibilities to mobilize cash-flows will bring benefits for citizens and companies and allow for innovative added value services.

The instant payments regulation will allow people to transfer money within ten seconds at any time of the day, including outside business hours, not only within the same country but also to another EU member state. The regulation takes into consideration particularities of non-euro area entities.

Payment service providers such as banks, which provide standard credit transfers in euro, will be required to offer the service of sending and receiving instant payments in euro. The charges that apply (if any) must not be higher than the charges that apply for standard credit transfers.

The new rules will come into force after a transition period that will be faster in the euro area and longer in the non-euro area, that needs more time to adjust.

The regulation grants access for payment and e-money institutions (PIEMIs) to payment systems, by changing the settlement finality Directive (SFD). As a result, these entities will be covered by the obligation to offer the service of sending and receiving instant credit transfers, after a transitional period. The regulation includes appropriate safeguards to ensure that the access of PIEMIs to payment systems doesn’t carry additional risk to the system.

Under the new rules, instant payment providers will need to verify that the beneficiary’s IBAN and name match in order to alert the payer to possible mistakes or fraud before a transaction is made. This requirement will apply to regular transfers too.

The regulation includes a review clause with a requirement for the Commission to present a report containing an evaluation of the development of credit charges.

Background

This initiative comes in the context of the completion of the capital markets union. The capital markets union is the EU’s initiative to create a truly single market for capital across the EU. It aims to get investment and savings flowing across all member states for the benefit of citizens, businesses, and investors.

On 26 October 2022 the Commission put forward a proposal on instant payments that amends and modernises the single euro payments area (SEPA) regulation of 2012 on standard credit transfers in euro by adding to it specific provisions for instant credit transfers in euro.

Source: European Council

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FCA highlights need for enhanced competition in wholesale data markets

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The FCA has unveiled the outcomes of its in-depth study into the wholesale data market, focusing on the sectors of credit ratings data, benchmarks, and market data vendor services.

Despite deciding against major regulatory actions due to the risk of unintended consequences that could affect the data’s availability and quality—a crucial resource for global investors—the FCA has pinpointed several areas where competition could be significantly improved.

The study’s revelations indicate that the current state of competition in these markets may lead to users incurring higher costs for data than would be the case in a more competitive environment. This concern is particularly pressing given the critical role that such data plays in supporting effective investment decisions across the financial sector.

In a move to address these findings, the FCA has proposed initiatives aimed at ensuring wholesale data is distributed under fair, reasonable, and transparent conditions. This approach forms a part of the regulator’s broader strategy to ‘repeal and replace’ assimilated EU law, reinforcing the UK’s status as a premier global financial hub fostering investment, innovation, and sustainable growth.

Sheldon Mills, the FCA’s Executive Director of Consumers and Competition, emphasised the importance of quality and accessible wholesale data for the efficiency of financial markets. “The quality and availability of wholesale data is integral to well-functioning wholesale financial markets,” Mills stated. He further clarified, “Our market study found that firms can access the data they need to make effective investment decisions. We do not believe the case has been made for significant interventions. However, we will examine ways to help support wholesale data being provided on fair, reasonable and transparent terms.”

In its commitment to fostering a competitive and fair marketplace, the FCA will continue to scrutinize allegations of anti-competitive behavior across all markets, including wholesale data markets, leveraging its powers under the Competition Act to address any such issues.

Source: Fintech Global

 

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