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TIMIA Announces Successful Exit from Wagepoint Financing

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TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSXV: TCA)/(OTC: TIMCF) announced today that its previously announced financing for Wagepoint Inc. (“Wagepoint”), of Waterloo, Ontario has been paid out. Since the initial financing, originally completed in December 2017, Wagepoint has paid TIMIA $2,700,000 in a combination of return of principal, interest and early redemption payments. The buyout of this financing is expected to generate a gain of approximately $500,000, which will positively impact the Company’s Q3 2020 consolidated results.

“Wagepoint is another success story for TIMIA’s non-dilutive financing model allowing entrepreneurs to grow their companies without impacting their capital structure,” said Mike Walkinshaw, CEO of TIMIA. “The non-dilutive funds provided by TIMIA helped the maker of payroll automation software grow significantly over the past two years.   Furthermore, TIMIA’s successful exit reflects the strength of the recurring revenue software businesses in our portfolio and their continued success during these uncertain times due to the impact of the COVID-19 pandemic.”

On December 18, 2017, the Company announced a $2 million financing facility for Wagepoint including an initial disbursement of $750,000. An additional $750,000 was disbursed in August 2018 and all disbursements have now been re-paid. The financing facility was held by TIMIA and the Company’s first limited partnership (“LP1”). The proceeds realized from the exit will be distributed to TIMIA and the holders of LP1 interests according to each holder’s proportional entitlement.

This $500,000 gain is an example of the periodic gains that TIMIA’s fintech platform has produced, having a meaningful impact on the Company’s EPS.  Over its five year history, TIMIA has exited 9 revenue finance investments, out of the total of 28 investments it has made, generating total gains of over $2.4M in its consolidated income statement.  Furthermore, from the inception of the revenue financing model to date, TIMIA has never realized a loss of capital on any of its investments.

The Company expects to make further investments in the coming months, in the pursuit of its business model, which is to earn a combination of monthly payments and periodic gains on investments.

Fintech PR

ICP DAS-BMP Secures Pivotal TPU Deals with Medical Materials Leaders in U.S. and Japan, Boosts Product Reliability

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HSINCHU, March 19, 2024 /PRNewswire/ — ICP DAS-BMP dazzled at the prestigious MD&M West Show, where its high-quality medical-grade thermoplastic polyurethane (TPU) garnered orders from top manufacturers in U.S. and Japan. Concurrently, part of the company’s TPU products passed the ISO10993-6 test for local effects after 90-day implantation, positioning them as ideal materials for producing indwelling medical devices intended for use over 30 days.

ICP DAS-BMP, Asia’s first medical-grade TPU supplier, produces three main series of products: Alithane™ (ALP series), Durathane™ (ALC series), and Arothane™ (ARP series). The company is set to launch a new Durathane™ (ARC series), known for its exceptional biostability. All the TPU series are available in different hardness levels, colors, and concentrations of radiopaque fillers (Tungsten/Barium Sulfate). These materials are widely utilized in manufacturing cardiovascular, urological, and gastrointestinal devices, as well as medical and electromedical consumables.

ICP DAS-BMP’s Arothane™ ARP-B20 (20% Barium Sulfate) and Durathane™ ALC-B40 (40% Barium Sulfate) passed the ISO10993-6 90-day implantation test. This qualifies them for long-term invasive or implantable medical applications such as peripherally inserted central catheters (PICC) and port-a-cath. The company plans to conduct long-term implantation tests for other specifications of TPU products based on customer demand, while advancing research and development to uphold TPU product quality.

ICP DAS-BMP Medical Grade TPU Biocompatibility and Other Testing

Medical-grade TPU differs from other plastics by emitting minimal VOCs during manufacturing and having low wastewater discharge, making it extremely environmentally friendly. It contains no plasticizers or heavy metals, ensuring excellent biocompatibility and blood compatibility, and enhancing ESG sustainability. ICP DAS-BMP aims to offer safer, stable, and eco-friendly medical-grade TPU, collaborating with global medical device manufacturers to create long-term benefits and value.

Meet the company’s experts at:

CMEF (ICMD) 2024 (April 11-14) 
Booth Hall 8.1, M44, M46
NECC (Shanghai), China

Medtec Japan 2024 (April 17-19) 
Booth 2022
Tokyo Big Sight East 2~3 Hall, Japan

About ICP DAS-BMP

ICP DAS-BMP, a Taiwan-based TPU manufacturer and supplier certified with ISO 13485, operates specialized laboratories dedicated to quality management. Drawing upon three decades of industrial automation expertise from its parent company ICP DAS, ICP DAS-BMP has implemented smart factory practices to enhance product quality and expedite delivery times. Additionally, the company provides responsive after-sales support and offers flexible solutions for small order quantities.

For more information, please visit: https://bmp.icpdas.com/

For TPU products and inquiries, contact: [email protected]

ICP DAS – BMP

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Sweat Economy Brings Japanese Language Capabilities to Sweat Wallet

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The move enables millions of native Japanese speakers to access the app seamlessly

LONDON, March 19, 2024 /PRNewswire/ — Sweat Economy, the Web3 ecosystem on a mission to make the world more physically active, has launched a Japanese-language version of its Sweat Wallet mobile app. The move paves the way for millions of Japanese users to interact with the Sweat Economy ecosystem in their native tongue.

Japan has been one of the primary focus markets for Sweat Economy due to its strong and active fitness community. Sweat Wallet makes fitness fun and rewarding by allowing users to earn $SWEAT with their steps. Users can then trade $SWEAT for other mainstream crypto such as USDT, participate in prize draws, or transfer their earnings to other crypto platforms. Since launching in September 2022, Sweat Wallet has gained over 213,000 users in Japan, who have minted over 78 million $SWEAT and logged nearly 200 million steps.

Oleg Fomenko, Co-Founder of Sweat Economy said: “We’re thrilled to launch Sweat Wallet in native Japanese, in what is one of the largest fitness markets in the world. Japan has always been one of our primary focus markets. Our Japanese community members on Discord have been very active and passionate about our product development. We are super excited to launch a localized version of the app to help Japanese users navigate and experience the app without any language barrier. We aim to inspire a new wave of physical activity in the country and incentivize individuals to lead healthier lives, paving the way for the next billion users looking to participate in The Movement Economy.”

The Japanese version of Sweat Wallet is now available for download on iOS and Android. In addition to the Japanese launch, Sweat Economy has engineered a major breakthrough with NEAR Protocol’s Chain Abstraction technology—with Oleg Fomenko delivering a demo of the milestone at ETHDenver. It demonstrates that the Sweat Wallet will soon be able to allow its 15 million users to run transactions on chains other than NEAR, without the need for complex knowledge to operate on different chains. This development demonstrates Sweat Economy’s commitment to onboarding millions into both Web3 and The Movement Economy.

Oleg Fomenko, co-founder of Sweat Economy is available for interviews.

About Sweat Economy

Sweat Economy is a Web3 ecosystem on a mission to help the world be more physically active by incentivizing activity. It is powered by $SWEAT or Sweat Token, a crypto asset representing tokenized physical activity, minted by steps. The token is managed via the Sweat Wallet dApp, the non-custodial Web3 mobile wallet dApp for managing your $SWEAT and other crypto holdings. Sweat Wallet is a top 5 dApp globally, designed for the crypto-curious. Sweat Wallet is one of the world’s most popular Dapps, boasting over 3.7 million monthly unique active wallets on the platform. The Wallet works in tandem with the Sweatcoin app to accurately track users’ steps and distance and rewards them with $SWEAT that can be spent on fitness gear, athletic apparel, and other products. Sweat Wallet also fosters community and competition through its multiple gamified features, such as Sweat Hero—the dynamic NFT game based on your steps. With over 140M+ registered Sweatcoin users, and more than 10 million Sweat Token holders, Sweat Economy is facilitating one of the most significant onboardings in Web3 history.

View original content:https://www.prnewswire.co.uk/news-releases/sweat-economy-brings-japanese-language-capabilities-to-sweat-wallet-302089534.html

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Nereus Unveils Revolutionary On-Chain Derivatives Trading Platform on Polygon Network

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HONG KONG, March 18, 2024 /PRNewswire/ — Today, Nereus is excited to announce the launch of its cutting-edge derivatives trading platform on the Polygon network. Led by a team of DeFi experts, Nereus aims to transform the way people trade by offering advanced features and a commitment to pushing the boundaries of DeFi.

Highlights of the Nereus Platform:

  • Isolated Margin: Tailored control over trade size and exposure.
  • Up to 70x Leverage: Amplify trading potential with minimal spread and zero price impact.
  • Blazing Speed: Over 5,000 transactions per second and sub-10ms exchange latency.
  • Gasless Experience: Seamless trading without the burden of gas fees.
  • Cross-Chain Deposits: Simplify deposits and withdrawals across various chains.

Nereus provides a platform that combines the best aspects of centralized and decentralized exchanges, making trading more secure and transparent. This launch marks a significant step forward for derivatives trading, offering a more accessible and efficient option for investors worldwide.

By embracing innovation and leveraging the Polygon network, Nereus is leading the way towards a more inclusive and decentralized trading environment. The company’s goal is to make trading accessible to everyone, regardless of their background or location.

In the near future, Nereus plans to enhance its platform with a proprietary ZK-powered Layer 2 solution, utilizing Polygon’s Chain Development Kit (CDK). This move is aimed at improving the platform’s performance and user experience, demonstrating our commitment to innovation.

Nereus has recently been added to COCA’s DApps portfolio, expanding its reach to more users.

About Nereus

A leader in the DeFi space, Nereus is dedicated to delivering innovative trading solutions that combine speed, security, and leverage, all built on the robust Polygon network.

Discover the future of trading with Nereus at https://nereus.finance

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Nereus

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/nereus-unveils-revolutionary-on-chain-derivatives-trading-platform-on-polygon-network-302092120.html

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