FLYHT Aerospace Solutions Ltd. Announces Issuance of Incentive Stock Options

Calgary, Alberta – May 12, 2017 – FLYHT Aerospace Solutions Ltd. (“FLYHT”) (TSX-V: FLY) (OTCQX: FLYLF) is pleased to announce it has granted incentive stock options for an aggregate 3,660,220 common shares, subject to regulatory approval, to employees, officers and directors under the stock option plan approved at the Annual and Special Meeting held on May 10, 2017.

The stock options are exercisable at a price of $0.22 per share. They also feature immediate vesting and expire on December 31, 2020. A maximum of 10% of the issued and outstanding shares are reserved under the Company’s stock option plan. The options, and any common shares issued upon exercise of the stock options are subject to a four-month resale restriction.


About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 70 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.5 million aggregate flight hours and 1.7 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.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.

FLYHT Reports First Quarter 2017 Results

Fourth Consecutive Profitable Quarter and Increasing Cash

Calgary, Alberta – May 10, 2017 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”), the leading provider of real-time data streaming and communication technologies in the aerospace industry, has reported financial results for the first quarter ended March 31, 2017.

“FLYHT is pleased with our first quarter results and the Company’s improved cash position,” stated Thomas R. Schmutz, Chief Executive Officer of FLYHT. “We achieved $218,156 in EBITDA and a 43% improvement in revenue over the comparable 2016 period. In addition, we announced nearly $6 million of direct contract sales in the quarter, starting the year strong in sales.”

First Quarter highlights include:

  • Revenue of $3,729,082, which represents 42.8% increase over the first quarter of 2016.
  • EBITDA[1] of $218,156 in the quarter compared to negative $993,836 in the same quarter of 2016.
  • Net income of $113,340 which was an increase of $1,356,282 over the first quarter of 2016.
  • Gross profit was 69.5% of revenue compared to 67.0% for the first quarter of 2016.
  • Recurring revenue (voice and data services) of $1,154,473, an increase of 8.1% over the first quarter of 2016, and parts sales $1,563,918, an increase of 52.1%.
  • Distribution expenses were $1,195,194 representing an increase of $62,467 compared to the first quarter of 2016, attributable mainly to higher costs associated with sales activities.
  • Administration expenses were comparable to the same quarter of 2016 with a decrease of $307 to $638,120 in the quarter.
  • Research and development expenses were $561,158, or 43.2% lower than in the same quarter of 2016, when a warranty claim was settled. No similar expense was incurred in the current year.
  • Customer deposits of $701,556 at quarter end were a small increase from Q1 2016, and payments received in the quarter were $368,217 higher than the same quarter last year.
  • The value of deposits moved to unearned revenue was $898,008, a decrease of $337,554 compared to Q1 2016, but $195,426 increase compared to Q4 2016.
  • Unearned revenue decreased in the quarter to $807,494 from $827,235 at December 2016. This was 58.7% lower than March 2016, but is consistent with balances in the last half of the 2016 year.
  • Revenue recognized on AFIRS units shipped was $489,667 higher than in Q1 2016. Revenue was recognized on 15 installation kits in Q1 2017 compared to 9 in the first quarter of 2016.
  • The value of AFIRS units shipped in Q1 2017 was $898,008, a 27.3% decrease from Q1 2016, but 27.8% higher than in Q4 of 2016.

Detailed information in FLYHT’s 2017 First Quarter Report containing the CEO’s Message, Management Discussion and Analysis and Financial Statements has been posted to the Company’s website and can be accessed at http://flyht.com/financial-reports/. The MD&A and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.

FLYHT’s Annual and Special Meeting will be held on May 10, 2017 at 2:00 PM (MT) at Fort Calgary – JOW Gallery 750 – 9th Avenue SE, Calgary, Alberta.

FLYHT will not host a live conference call about the first quarter results, however, will provide an update through a live video feed of the Company’s Annual and Special Meeting. The video will be available on FLYHT’s Facebook page, www.facebook.com/flyht starting at approximately 2:15 pm MT. The video will be accessible to those with a Facebook account. An archive video of the meeting will be posted on the Presentations and Webcasts section of FLYHT’s website as soon as it is available. http://flyht.com/presentation-and-webcast/

Questions submitted to management by e-mail before 1:00 pm (MT) on May 10 will be answered during the meeting. Questions can be emailed to investors@flyht.com.


About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 70 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.5 million aggregate flight hours and 1.7 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.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.

[1] EBITDA: defined as earnings before interest, income tax, depreciation and amortization (a non-GAAP financial measure).

Trakopolis Announces Issuance of Stock Options

CALGARY, May 8, 2017 – Trakopolis IoT Corp. (“Trakopolis” or the “Company“) (TSX VENTURE: TRAK) announces that the Company’s Board of Directors has granted options to acquire an aggregate of up to 1,270,000 common shares of the Company (the “Common Shares“) to directors, officers and select employees of the Company, subject to adjustment, with an exercise price of $1.19 per Common Share, exercisable for a period of five years. The options were granted pursuant to Trakopolis’ stock option plan, vesting fully in equal instalments by January 1, 2019, and are subject to all applicable regulatory and exchange approvals.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
Neither 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.

CEMATRIX Corporation Announces First Quarter Results Including Record First Quarter Infrastructure Sales

Calgary, Alberta – May 4, 2017: CEMATRIX Corporation (TSXV: CVX) (the “Corporation” or the “Company” or “CEMATRIX”) announces the release of its consolidated financial results for the three months ended March 31, 2017.

First Quarter Highlights

  • First quarter sales of $2,527,471 were down 20.3% compared to the same period in 2016 but infrastructure sales increased to $2.5 million as compared to $1 million in the same period of the previous year.
  • Total contracted work to date in 2017 is $7.9 million, all of which is currently scheduled for completion in the first half of the year.
  • The Company expanded its relationship with Lafarge/Holcim (“Lafarge”) with the execution of additional five year agreements to promote the regional development of CEMATRIX cellular concrete and Ready Mix sales of Lafarge in regions where Lafarge has a physical presence and CEMATRIX does not.

First Quarter Results

Selected financial information for the three months ended March 31, 2017 and 2016 is as follows:

This press release should be read in conjunction with the Corporation’s unaudited Consolidated Financial Statements and Management Discussion and Analysis for the three months ended March 31, 2017, both of which can be found on SEDAR.

CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations. This unique cement based material with superior thermal protection delivers a cost-effective, innovative solution to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets.

Neither 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.

For further information, please contact:

Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484

Jeff Walker – The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com

Forward-looking information: This news release contains certain information that is forward looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, expect”, “would’ or other similar words). Forward looking statements in this document are intended to provide CEMATRIX security holders and potential investors with information regarding CEMATRIX and its subsidiaries’ future financial and operations plans and outlook. All forward looking statements reflect CEMATRIX’s beliefs and assumptions based on information available at the time the statements were made. Readers are cautioned not to place undue reliance on this forward looking information. CEMATRIX undertakes no obligation to update or revise forward looking information except as required by law. For additional information on the assumptions made and the risks and uncertainties which may cause actual results to differ from the anticipated results, refer the CEMATRIX’s Management Discussion and Analysis dated May 4, 2016 under CEMATRIX’s profile on SEDAR at www.sedar.com and other reports filed by CEMATRIX with Canadian securities regulators.

Trakopolis Announces Purchase Agreement with Enterprise Customer

Calgary, Alberta – May 3rd, 2017 – Trakopolis IoT Corp. (“Trakopolis” or the “Company”) (TSXV: TRAK) is pleased to announce that it has entered into an agreement with a large US-based oil and gas company for the sale of 1,500 units of Honeywell’s ConneXt Lone Worker gas detection solution, powered by Trakopolis (the “Purchase Agreement”).

Brent Moore, CEO of Trakopolis stated, “Trakopolis and Honeywell Analytics, as innovators in the enterprise IoT market, have brought a comprehensive gas detection/lone worker solution to the market, focused on worker safety. The Trakopolis offering will continue to be integrated in operational and safety processes throughout the four-year term of the Purchase Agreement to deliver evolving business intelligence.”

Ken Schmidt, General Manager – Gas Detection for Honeywell Industrial Safety stated “ConneXt LoneWorker can significantly improve the energy company’s ability to monitor the safety of workers, no matter where they are. This connected solution also provides useful business intelligence to help the company improve its operational efficiency.”

Trakopolis will receive payment for the sale of each unit and a monthly recurring data fee for the connectivity of the devices over a contracted four-year period. The minimum total contract value is expected to be USD$4.79 Million, with an estimated USD$2.82 million (inclusive of hardware revenue) expected in fiscal 2017. Pursuant to the terms of the Purchase Agreement, the Purchaser has the option to acquire up to an additional 1,000 units, on the same terms as the initial 1,500 units, during the first 18 months of the term of the agreement.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: future sales of as part of the Honeywell ConneXt Loneworker™ solution and expansion of the relationship with Honeywell. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: commercial success of the Honeywell ConneXt Loneworker™ solution and sales of the solution and other solutions under an expanded Honeywell relationship; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither 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.

QYOU Media Q4 2016 Revenue Increased 22% and Cash Burn Reduced 65% over Q4 2015 with 144% YOY Increase in Revenue

TORONTO, May 3, 2017 / – QYOU Media Inc. (TSXV: QYOU) (“QYOU Media”) provided a financial update today on the financial performance of its wholly-owned operating subsidiaries (“the QYOU”) for the 12 months ended December 31, 2016. These unaudited financial results for the QYOU are for the period preceding the recently completed business combination between Galleria Opportunities Ltd. and QYOU Media resulting in QYOU Media’s listing on the Exchange on March 31, 2017. The QYOU’s results were prepared by QYOU Media’s management and all figures appear in Canadian dollars. Consolidated audited financial statements for QYOU Media and the QYOU will be filed in due course for QYOU Media’s quarter ended March 31 as well as for the June 30 year end.

For the quarter ended December 31, 2016, the QYOU had revenue of $844,187, a 22% increase from $690,779 for the comparative quarter in 2015. The adjusted operating loss for the quarter ended December 31, 2016 improved to $871,033 from an operating loss of $2,495,383 for the comparable quarter in 2015.

For the 12 months ended December 31, 2016, the QYOU had revenue of $2,513,542, a 144% increase from the comparative 12 months ended December 31, 2015 of $1,028,101. The QYOU’s adjusted net loss for the twelve months ended December 31, 2016 was $5,360,788 compared to a net loss of $4,341,448 in 2015.

As at December 31, 2016, the QYOU had cash and cash equivalents of $243,608, as compared to $5,232,367 as at December 31, 2015. Cash used in calendar 2016 operating activities was $4,562,484.

QYOU Media’s CEO Curt Marvis stated, “We are very pleased with our progress this past year. We worked hard on significantly reducing our growth stage losses in the last quarter of 2016 and we now have 17 unique customer relationships across six continents with many of the largest players in the media and mobile distribution business.  We believe we are very well positioned for further growth in 2017 and beyond.”

Board and Executive Changes

In addition, the board of directors of QYOU Media (the “Board”) announces the following executive and Board changes:

Scott Ehrlich has stepped down as Co-CEO and as a director and Mr. Ehrlich’s associate, Ken LaCorte, has also left the Board. Mr. Ehrlich is an original architect of the QYOU business and during his tenure, QYOU has successfully launched two television networks (QYOU and TBD) reaching millions of homes and positioned the company for success in the future.

G. Scott Paterson, Co-Founder and Chairman of QYOU Media Inc., commented, “We are grateful for the years of work Scott has put behind his vision for the QYOU.”

Curt Marvis, Co-Founder and Co-CEO, assumes the role of CEO.  Mr. Marvis has previously served as President of Digital for Lions Gate Entertainment Corp., as CEO and Co-Founder of CinemaNow, as President of NASDAQ listed game developer 7th Level and as CEO of The Company, a producer of concerts and music videos leading to his being awarded an MTV Lifetime achievement award.

Mr. Paterson added, “As a co-founder, Curt has been part of our leadership ‎team since day one and the Board has complete confidence in his abilities. The remaining executive team, is intact and focused on building the business from the strong base that has been established to date.  Our recently announced agreements in the Netherlands and Eastern Europe continue expanding the reach of QYOU content around the world.”

Joining the Board effectively immediately, subject to regulatory approval, is Damian Lee, a renowned Canadian film producer and director with over 50 films to his credit including A Dark Truth, A Fighting Man and Ski School with casts including Forest Whitaker, Andy Garcia, Eva Longoria and James Caan.  Mr. Lee is also considered to be one of Canada’s leading experts in the areas of production financing and tax credit-based financing and is expected to aid the Company in its efforts to build production capabilities in Canada.

Continuing in their roles as Board members in addition to Messrs. Paterson, Marvis and Lee are Catherine Warren, a member of the Bell Fund board as well as a nominating member of the International Academy of TV Arts and Sciences and President and Founder of FanTrust; Tim Hogarth, former President and CEO of Pioneer Energy and board member of Parkland Fuel Corporation (TSE: PKI); and James Swayze, CEO and Co-Founder of Symbility Solutions (TSXV: SY).

Reallocation of Options and Restricted Stock Unit (“RSU”) and Option Plans

In addition, the Company announced that, subject to regulatory approval, it will cancel and reissue certain previously announced stock option grants as a result of Board changes and other allocation adjustments.  The total number of options outstanding remains the same, and are exercisable at $0.50.

The Board has also approved an RSU plan (each, a “Plan”), which includes standard time-based vesting and performance based-vesting provisions as well as the possibility of accelerated vesting based on a grantee’s time spent working for the QYOU prior to the introduction of the Plan.


About The QYOU

QYOU Media Inc. is a fast-growing global media company that curates and packages premium ‘best-of-the-web’ video for multiscreen distribution. Founded and created by industry veterans from Lionsgate, MTV, and NewsCorp, QYOU’s millennial-focused products including linear television networks, genre-based series, mobile apps, and video-on-demand formats reach millions of customers on six continents. Distribution partners include Sinclair Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky.

Contacts
Jeff Walker
Investor Relations – for The QYOU
+1 403 221 0915
jeff@howardgroupinc.com

Natasha Roberton
VP Marketing, The QYOU
+353 (87) 792 7166
tash@qyoutv.com

This news release contains unaudited financial information concerning QYOU Media’s operating subsidiaries (the QYOU) prepared by management which remains subject to consolidation with QYOU Media’s financial information and remains subject to audit.

It also contains forward-looking statements, including but not limited to terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. Forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause QYOU Media or its industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither 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.

FLYHT Aerospace Solutions Ltd. To Present Q1 Results at Annual and Special Meeting

Calgary, Alberta – May 3, 2017 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) will discuss its first quarter results at its Annual and Special Meeting to be held at 2:00 pm (MT) on Wednesday, May 10, 2017 at Fort Calgary.

Shareholders are invited to attend the meeting where management will provide a presentation and answer questions about the status of the Company.

FLYHT will not host a live conference call about the first quarter results, however, will provide an update through a live video feed of the Company’s Annual and Special Meeting. The video will be available on FLYHT’s Facebook page, www.facebook.com/flyht, starting at approximately 2:15 pm MT. The video will be accessible to those with a Facebook account. An archive video of the meeting will be posted on the Presentations and Webcasts section of FLYHT’s website as soon as it is available. http://flyht.com/presentation-and-webcast/

Questions submitted to management by e-mail before 1:00 pm (MT) on May 10 will be answered during the meeting. Questions can be emailed to investors@flyht.com.

Venue Details:
FLYHT’s Annual and Special Meeting will be held on May 10, 2017 at 2:00 PM (MT) at Fort Calgary – JOW Gallery 750 – 9th Avenue SE, Calgary, Alberta.


About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 70 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.5 million aggregate flight hours and 1.6 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.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.

TRAKOPOLIS Announces Record First Quarter Financial Results

CALGARY, May 1, 2017 /CNW/ – Trakopolis IoT Corp. (“Trakopolis” or the “Company”) (TSX VENTURE: TRAK) has reported financial results for the first quarter of 2017.

First quarter financial highlights include:

  • Revenue of $1.46 million, which represents 20% growth quarter over quarter.
  • Gross profit of $763 thousand, which represents an 18% increase quarter over quarter.
  • Adjusted EBITDA of negative $296 thousand. This is compared to the prior quarter of negative $522 thousand, which represents a 43% improvement quarter over quarter.
  • Hardware revenue was $532 thousand, an increase of 46% quarter over quarter. This was a result of increased sales to existing customers and enterprise sales through its strategic partnership with Honeywell for the ConneXt Lone Worker.
  • Subscription revenue increased by 5% to $889 thousand. Growth in subscription revenue is expected as enterprise clients roll out and activate newly acquired units in the coming periods.
  • A net loss of $689 thousand was recorded for the quarter. This is compared to $318 thousand from the same period in 2016. The increased net loss arises from increased sales and marketing, operations and general and administrative expenses during the quarter compared to the prior year as a result of implementing our growth plan subsequent to raising $5.75 million.

“Our growth quarter over quarter is a result of follow on orders from existing customers, wins in new markets and contributions from new product offerings,” stated Brent Moore, Chief Executive Officer of Trakopolis. “As we continue to refine our new products and increase our enterprise sales funnel we believe we are well positioned to continue to prove out our business model and strategy with organic growth.”

Trakopolis’ first quarter financial statements & management discussion have been posted to the Company’s website and can be accessed at http://trakopoliscorp.com/investors/. The MD&A and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: future sales of as part of the Honeywell ConneXt Loneworker™ solution and expansion of the relationship with Honeywell. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: commercial success of the Honeywell ConneXt Loneworker™ solution and sales of the solution and other solutions under an expanded Honeywell relationship; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

This news release contains references to certain financial measures that do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other entities. These non-GAAP financial performance measures should be viewed as a supplement to, and not a substitute for, the Company’s results of operations reported under IFRS. These financial measures are identified and defined below:

EBITDA is an indicator of the financial results generated by our business activities excluding the impact of any financing activities, amortization and depreciation of property, equipment and intangible assets, and taxes.

Adjusted EBITDA is a further refinement of EBITDA to remove the effect of share-based compensation expense and one-time costs associated with the RTO transaction. As such, Adjusted EBITDA provides more meaningful continuity with respect to the comparison of our operating results over time.

Neither 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.

TRAKOPOLIS Announces 2016 Fourth Quarter and Year End Financial Results

CALGARY, April 28, 2017 – Trakopolis IoT Corp. (“Trakopolis” or the “Company”) (TSX VENTURE: TRAK) has reported financial results for the 2016 period end and the three months ended December 31, 2016.  The financial year end of the Company was changed from June 30 to December 31.

Fourth Quarter highlights include:

  • Revenue of $1.214 million, which represents a 8% increase over same quarter in 2016.The increase was mainly driven by growth in hardware sales through units deployed through a strategic partnership in gas detection integration.
  • Adjusted EBITDA was negative $522 thousand for the quarter, this compared to negative $697 thousand from the same period in 2015, representing a 25% improvement.
  • A net loss of $3.824 million was recorded for the quarter This is compared to $1.089 million from the same period in 2015. The net loss for the quarter included $3.285 million of transaction costs related to the reverse takeover of TSXV shell company of which $3.009 million was non-cash. The company anticipates its expenses will normalize in the coming quarters, as these costs are not expected to be recurring.

“Becoming a listed issuer over the last 6 months’ positions Trakopolis to initiate our growth plan”, stated Brent Moore, Chief Executive Officer of Trakopolis. “We also completed a small software acquisition, continued field testing of the exclusive Honeywell ConneXt Loneworker product and managed the subsequent hiring and onboarding of new staff.” We are looking forward to our strategic efforts being reflected in our operating results in future quarters”.

Trakopolis’ 2016 fourth quarter and year end financial statements & management discussion have been posted to the Company’s website and can be accessed at http://trakopoliscorp.com/investors/. The MD&A and Financial Statements have also been filed with SEDAR and will be accessible at www.sedar.com.

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding: future sales of as part of the Honeywell ConneXt Loneworker™ solution and expansion of the relationship with Honeywell. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: commercial success of the Honeywell ConneXt Loneworker™ solution and sales of the solution and other solutions under an expanded Honeywell relationship; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

This news release contains references to certain financial measures that do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other entities. These non-GAAP financial performance measures should be viewed as a supplement to, and not a substitute for, the Company’s results of operations reported under IFRS. These financial measures are identified and defined below:

EBITDA is an indicator of the financial results generated by our business activities excluding the impact of any financing activities, amortization and depreciation of property, equipment and intangible assets, and taxes.

Adjusted EBITDA is a further refinement of EBITDA to remove the effect of share-based compensation expense and one-time costs associated with the RTO transaction. As such, Adjusted EBITDA provides more meaningful continuity with respect to the comparison of our operating results over time.

Neither 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.

The QYOU launches in Southeast Europe with United Group

  • United Group brings the QYOU’s curated channel of premium ‘best-of-the-web’ video to television customers in four markets
  • Multi-year agreement marks the QYOU’s first entry into Southeast Europe

Dublin – April 27, 2017QYOU Media (TSXV:QYOU), the world’s leading curator of premium ‘best-of-the-web’ video for multiscreen distribution, has announced a linear channel distribution agreement with United Group to deliver its curated content to customers in Serbia, Slovenia, Bosnia and Herzegovina and Montenegro. The deal marks the QYOU’s first entry into this region and signifies further expansion for the company in Europe.

The consumer appetite for online video content is undeniable – in Serbia, almost two-thirds of consumers watch online video daily (Statista). This thirst for web content and its great appeal for the elusive millennial and Gen-Z audiences is prompting TV operators across Europe to marry traditional programming with curated digital-first video.

Suzana Radosevic, Content Management Director at United Group says, “Short form digital first video is a ubiquitous entertainment format in everybody’s lives. Our goal is to continually evolve our service offerings in line with the tastes and preferences of today’s consumers and so making a place in our TV offer for the kind of high-quality premium video the QYOU programs helps us achieve that.”

The QYOU’s channel is unique, giving pay-TV subscribers access to an expertly curated and presented a line-up of premium digital-first content. These short-form, snack-size videos are highly shareable and respond to consumer desire for a more social and mobile approach to TV.

Amory Schwartz, QYOU EVP of Sales commented: “This region is home to a really vibrant and creative online video community. United Group’s decision to feature our channel on their services is a recognition of how deep the fan-base is for this type of content, and we’re thrilled to be part of the innovative service they are delivering to their subscribers.”

The QYOU’s content is already live on digital platforms to customers in Serbia, Bosnia and Herzegovina and Slovenia, and will be in Montenegro soon.


About The QYOU

QYOU Media Inc. is a fast-growing global media company that curates and packages premium ‘best-of-the-web’ video for multiscreen distribution. Founded and created by industry veterans from Lionsgate, MTV, and NewsCorp, QYOU’s millennial-focused products including linear television networks, genre-based series, mobile apps, and video-on-demand formats reach millions of customers on six continents. Distribution partners include Sinclair Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky.

Contacts
Jeff Walker
Investor Relations – for The QYOU
+1 403 221 0915
jeff@howardgroupinc.com

Natasha Roberton
VP Marketing, The QYOU
+353 (87) 792 7166
tash@qyoutv.com

LGC Capital & Groombridge Announces First Cuban Import Agreement

MONTREAL and HAVANA, Cuba, April 24, 2017 / – LGC Capital Ltd. (TSXV: QBA) (“LGC”) is pleased to announce that its joint venture partner Groombridge Trading Corp. (GTC) has signed import agreement worth CDN $ 2.2 million for the delivery of construction equipment, spare parts, equipment and food, to be exported to Cuba under the previously announced 50/50 joint venture. The first delivery, under the terms of the agreement, must occur within 60 days and it includes equipment and spare parts.

LGC Capital will finance the opportunity and it is secured by a Tier One Canadian bank.

“Securing and executing this first contract is a tremendous achievement for the joint venture between LGC & GTC, as it seeks to rapidly grow its business,” John McMullen, LGC Capital’s CEO commented, “LGC & GTC work together to supply Canadian and third country products to the USD 15 billion Cuban import market at a time when the country is opening up to the world. As the Cuban economy Grows, the pipeline of import opportunities and the range of products that can be supplied are accelerating for GTC”

About LGC Capital

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

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

For further information please contact:

Canada Contact:
John McMullen, Chief Executive Officer
Tel.: (416) 803-0698
Email: John@lgc-capital.com

London Office Contact:
Anthony Samaha, Chief Financial Officer
Tel.: +44 (0) 20 7440 0640

Investor Relations Contact:
Dave Burwell
The Howard Group Inc.
Tel.: (403) 221-9015
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

QYOU Media Continues Expansion in Netherlands with Tele2 Deal

  • Tele2 is adding QYOU’s linear network to its IPTV programming line-up
  • This is QYOU’s third deal in the Netherlands, following partnerships with KNIPPR and Ziggo

Dublin 13 April 2017 – QYOU Media, the world’s leading curator of premium ‘best-of-the-web’ video for multiscreen distribution, has partnered with European telecommunications operator, Tele2, to make its linear channel of curated web content available through Tele2’s IPTV service in the Netherlands.

An innovative player in the hotly contested Dutch market, Tele2 is moving to expand its IPTV content offer to take advantage of the huge popularity of online video in the Netherlands. The QYOU’s 24/7 channel showcases the best of digital-first creative talent from around the world, covering genres as diverse as music, comedy, children’s entertainment, sports and stunts, packaged and presented for television audiences.

QYOU’s partnership with Tele2 is its third deal in the Netherlands, after signing OTT service KNIPPR and developing custom programmes for Ziggo Sport.

Amory Schwartz, QYOU EVP of Sales commented: ‘’The Netherlands is one of the most evolved markets in the world when it comes to digital-first content. On YouTube alone Dutch creators collectively account for almost 3 billion views a month. Harnessing that popularity for millennial audiences on television is something Tele2 understands and embraces. We’re delighted to partnering with them and further growing our presence in the region.”


About The QYOU

QYOU Media Inc. is a fast-growing global media company that curates and packages premium ‘best-of-the-web’ video for multiscreen distribution. Founded and created by industry veterans from Lionsgate, MTV, and NewsCorp, QYOU’s millennial-focused products including linear television networks, genre-based series, mobile apps, and video-on-demand formats reach millions of customers on six continents. Distribution partners include Sinclair Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky.

Contacts
Holly Searle
Platform PR – for The QYOU
+44 (0) 207 486 4900
holly@platformpr.com

Natasha Roberton
VP Marketing, The QYOU
+353 (87) 792 7166
tash@qyoutv.com

FLYHT Signs USD $1.9 Million Sales Contract with Chinese Airline

Calgary, Alberta – April 20, 2017 – FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) is pleased to announce the sale of the Automated Flight Information Reporting System (AFIRS™) to a new commercial airline customer in the People’s Republic of China.

“FLYHT is excited to announce its latest customer in China, this airline is very interested in our technology to support their operations,” commented Michael Fang, FLYHT’s Vice President China Sales. “Members of FLYHT’s executive team met with several current and prospective customers in the region last week where we are seeing steady demand for our solutions to meet airlines’ satellite communications and data needs.”

The initial contract for the sale of AFIRS hardware is valued at approximately USD $1.9 million assuming FLYHT provides the hardware over the full term of the five (5) year agreement. FLYHT’s data services may be added in the future, further increasing the value of the contract.

FLYHT has all the necessary Supplemental Type Certificates (STC’s) to complete installation on the designated A320 aircraft within this contract. Installations are anticipated to begin in the third quarter of 2017.


About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 70 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.5 million aggregate flight hours and 1.6 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
Nola Heale, CPA (CA)
Chief Financial Officer
403-291-7425
nheale@flyht.com 

Investor Relations
The Howard Group Inc.
Dave Burwell
Vice President
(888) or (403)-221-0915
dave@howardgroupinc.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.

Trakopolis and Honeywell Expand Exclusive “IoT” Partnership for Connected Worker Solution

CALGARY, April 11, 2017 – Trakopolis IoT Corp. (“Trakopolis” or the “Company“) (TSX VENTURE: TRAK) is pleased to announce a renewed and expanded partnership to market Honeywell’s ConneXt Loneworker™ safety solution.

In connection with entering into the renewed agreement, Trakopolis and Honeywell will expand their joint sales and marketing efforts globally. In addition, the companies will collaborate on strategies to utilize the Trakopolis IoT Platform with other Honeywell connected safety products.

Honeywell’s ConneXt Loneworker helps companies ensure the safety of workers in the energy, utility and construction industries, whose employees often work in remote locations out of cell phone range. The solution includes a wearable, wireless gas detector, a satellite uplink for the worker’s vehicle and Cloud technology from Trakopolis to optimize field operations. The technology also enables workers to alert the company immediately if they become injured and need help – even if they are out of cell phone range.

Brent Moore, CEO of Trakopolis stated, “We’re excited to broaden our partnership with Honeywell. The renewal of this exclusive agreement is a result of both companies’ belief in the ConneXt Loneworker product, and its efforts to continue to develop innovative, connected solutions.”

“Honeywell safety products help protect more than 500 million workers around the world every day,” said Ken Schmidt, general manager-gas detection for Honeywell Industrial Safety.  “We believe connected safety solutions using Trakopolis’ Cloud technology will help us to better protect workers and provide employers with the data and intelligence they need to improve their operations’ productivity and efficiency.”

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud based solutions for real time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the ongoing services of The Howard Group and the achievement of Trakopolis’ capital markets objectives. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to the success of The Howard Group and Trakopolis in achieving Trakopolis’ capital markets objectives, general business, economic and social uncertainties, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, those additional risks set out in the Trakopolis’ public documents filed on SEDAR at www.sedar.com and other matters discussed in this news release. Although Trakopolis believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Trakopolis disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither 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.

FLYHT to Present on Real-time Data Streaming at the 4th China Aviation New Technology Forum 2017

CALGARY, AB–(April 10, 2017) – FLYHT Aerospace Solutions Ltd. (TSX VENTURE: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) will exhibit and present among an international delegation of leading aviation technology companies at the 4th China Aviation New Technology Forum in Shanghai, China, April 12-13, 2017.

Key members from FLYHT’s executive team including Thomas R. Schmutz, CEO, David Perez, VP Sales and Marketing, and Michael Fang, VP China Sales, will present on April 13th, the Company’s real-time flight data recorder (FDR) streaming technology to over 35 Chinese airlines. The presentation will be focused on the Company’s triggered approach to streaming, alignment with international aviation regulations and the International Civil Aviation Organization’s (ICAO) flight tracking requirements, as well as the recent Chinese flight tracking mandate. The team from FLYHT will demonstrate how FLYHT’s technology provides enhanced safety benefits along with real-time data that contributes to airlines’ improved maintenance and operations.

“We will demonstrate the benefits our technology can provide to conference delegates, a group made up of airlines, OEMs, vendors and regulators,” remarked David Perez. “Through networking opportunities and meetings, we will share success stories from current customers about the value of enhanced connectivity and vital aircraft intelligence.”

Stop by FLYHT’s booth at E15.

About FLYHT Aerospace Solutions Ltd.

FLYHT is a leading provider of real-time aircraft intelligence and cockpit communications for the aerospace industry. More than 70 customers, including airlines, leasing companies and original equipment manufacturers, have installed our systems in order to increase safety, improve operational efficiencies and enhance profitability. FLYHT’s proprietary technology, the Automated Flight Information Reporting System (AFIRS™), operates on multiple aircraft types and provides functions such as safety services voice and text messaging, data collection and transmission, and on-demand streaming of flight data recorder (black box), engine and airframe data. AFIRS sends this information through the Iridium Satellite Network to FLYHT’s UpTime™ ground-based server, which routes the data to customer-specified end points and provides an interface for real-time aircraft interaction. AFIRS has flown over 2.4 million aggregate flight hours and 1.6 million flights on customers’ aircraft. FLYHT holds supplemental type certificates (STC) which allow for the installation of AFIRS on 95% of transport category aircraft.

Contact Information

FLYHT Aerospace Solutions Ltd.
David Perez
VP Sales and Marketing
817-300-3332
dperez@flyht.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.