Company News

- ProStar Holdings Inc ("ProStar®" or the "Company") (TSXV:MAPS) (FSE:5D00), a world leader in Precision Mapping Solutions®, and developer of the PointMan® mobile and cloud solution, announced today that it has successfully completed a Service Organization Control (SOC 2 Type 2) examination for ProStar. The audit found that ProStar meets the SOC 2 Type 2 standards for Security and Availability Trust Services Principles with zero exceptions listed. This is the third consecutive year that ProStar has received this SOC 2 Type 2 certification.

ProStar logo with tag (PRNewsfoto/ProStar Holdings Inc.)

SOC 2 Type 2 reports are attestation reports that examine controls at a service organization relevant to the security, availability, or processing integrity of a system (security, availability, and/or processing integrity principles) or the confidentiality or privacy of the information processed for the user entities (confidentiality or privacy principles). SOC 2 Type 2 reports demonstrate a company's ability to not only implement critical security policies but also prove compliance over an extended period of time. This is critical for the management of sensitive data including, the location type and condition of infrastructure both above and below the earth's surface.

"This speaks volumes to the standards and protocols we have implemented in order to achieve this level of certification. Our clients span from Fortune 500 companies to multi-national fiber optic companies, to government entities, for which data security is a priority, " said ProStar CEO and Founder Page Tucker . " This level of certification not only instills confidence to our clients in our ability to protect their data, it also sets the foundation to attain data security certification for other countries as well as address data sovereignty requirements."

About ProStar (TSXV:MAPS) (FSE:5D00)

ProStar is a Software as a Service (SaaS) company that aids infrastructure and construction companies by providing them with the ability to capture, record, and display the precise location of critical infrastructure such as buried utilities and pipelines; this is all accomplished in real-time through ProStar's patented geospatial intelligence software. The Company offers three products, PointMan Plus, PointMan Pro, and PointMan Enterprise, all of which are designed to improve the business operations of any industry that requires knowledge of the precise location of sub-surface infrastructure. By providing real-time access to precise location information, ProStar's solution significantly decreases liabilities and increases productivity during construction and maintenance activities. Current industry practice utilizes paper documents or onsite inspection with a magnetic locate tool and paint or flag markings, both of which have proven inaccurate. With over 35M miles of underground utilities in the US, there have been over half a million utility strikes annually during excavation which have resulted in damaged infrastructure.

ProStar has strategic business partnerships with the world's leading geospatial technology providers, data collection equipment manufacturers and their dealer networks, including Trimble®, Juniper ® Systems, Bad Elf, Vivax-Metrotech, Radiodetection ®, and Subsite ® Electronics.

The Company has made a significant investment in creating a vast intellectual property portfolio that includes 19 issued patents in the United States and Canada , with more pending. The patents protect the methods and systems required to digitally capture, record, organize, manage, distribute, and display the precise location of critical infrastructure, including buried utilities and pipelines.

ProStar's Executive management team has extensive experience in the management of both early stage and Fortune 500 technology companies in the private and public sectors. The leadership team includes Vasa Dasan, former CTO of Sun Microsystems, Carl Lashua , previous Chief Information Officer of HSBC Canada and Europe , and Matthew Breman , prior Executive for Disney.

For more information about ProStar, please visit: www.prostarcorp.com .

Alex Moore
Investor Relations Support
investorrelations@prostarcorp.com
970-242-4024

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

Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms and conditions of the Company's future plans. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.

Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to: the state of the financial markets for the Company's securities; the state of the technology sector; recent market volatility; the COVID-19 pandemic; the Company's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that the Company is unaware of at this time. The reader is referred to the Company's recent Information Circular filed on SEDAR on November 20, 2020 for a more complete discussion of applicable risk factors and their potential effects, copies of which may be accessed through the Company's issuer page on SEDAR at www.sedar.com .

The forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Cision View original content to download multimedia: http://www.prnewswire.com/news-releases/prostar-awarded-with-soc-2-type-2-security-certification-301276453.html

SOURCE ProStar Corp

News Provided by PR Newswire via QuoteMedia

CoinSmart Announces Q1 2022 Financial Results

CoinSmart Announces Q1 2022 Financial Results

Coinsmart Financial Inc. ("CoinSmart" or "CFI") (NEO: SMRT) (FSE: IIR), a leading Canadian headquartered crypto asset trading platform, announces the release of its condensed  interim consolidated financial statements for the three months ended March 31, 2022 and related management discussion and analysis. These documents will be posted on CoinSmart's website at www.coinsmart.cominvest and SEDAR at www.sedar.com .

CoinSmart Financial Inc. (CNW Group/CoinSmart)

CoinSmart's Q1 2022 Highlights 1 :

  • Q1 2022 Gross Revenue reached $4 .2MM growing 15% YoY
  • Over the Counter Trading volume reached $113MM Growing 89 % YoY
  • Registered Users reached over 216,000 growing 191% YoY
  • Assets Under Management (AUM) reached $74 .8MM Growing 99.5% YoY
  • Company Treasury reached approximately $19MM
  • No Debt

Other CoinSmart Q1 2022 Corporate Highlights

  • Acquired over 33,700 new registered users
  • Outperformed overall crypto market by ~9% from Q4 2021 to Q1 2022 (Top 10 crypto exchange trading volume declined by ~37.7% 2 , CoinSmart retail trading volume declined by ~29%)
  • Expanded Retail and Over the Counter Trading to additional European Countries.
  • Launched an API for SmartPay as well as an SDK to make implementation easy for developers. SmartPay is a robust crypto payments processing and invoicing platform.
  • Launched new iOS and Android Mobile Apps.

CoinSmart CEO Justin Hartzman commented :

"Q1 2022 saw continued year over year growth during a quarter that experienced high volatility. I am extremely proud that our team was able to execute and continue growing our user base, ship new products and help the crypto curious enter the market. The decision to not only focus on the retail platform growth but to diversify over a number of business lines has helped our continued YoY growth against the headwinds of a poor macroeconomic environment. Q1 was highlighted by growth in Over the Counter Trading as we acquired new HNWI and institutional clients. We're looking forward to further expansion in crypto payment products and geographies as we move into Q2 2022."

CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care. For more information please visit https://www.coinsmart.com/ .

Connect with CoinSmart: Website | LinkedIn | Twitter | Instagram | Facebook

_____________________________

1 All figures are preliminary, unaudited and subject to final adjustment.


2 Coingecko Q1 2022 Cryptocurrency Report


SOURCE CoinSmart

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/16/c8355.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
KWESST Appoints Former Chief of Police to Lead the Expansion of the Company's Critical Incident Management Solutions to the Public Safety Market

KWESST Appoints Former Chief of Police to Lead the Expansion of the Company's Critical Incident Management Solutions to the Public Safety Market

Digital transformation of public safety enables dynamic operating environment to better address the evolving array of threats and major incidents

KWESST's Critical Incident Management solutions provide first responders with real-time networked situational awareness information that improves safety and incident management

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
JustKitchen Launches Exclusive New Mr. Chili Menu in Taiwan with Mr. Hot Instant Noodle Brand and Celebrity Singer Hsiao Ching-Teng

JustKitchen Launches Exclusive New Mr. Chili Menu in Taiwan with Mr. Hot Instant Noodle Brand and Celebrity Singer Hsiao Ching-Teng

The Company Also Continues to Expand its Brand Portfolio by Adding Kitsutaya, an Affordable, Family-Oriented, Japanese Menu Easily Accessed by Consumers Through JustKitchen's and Third-Party Food Delivery Apps

Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z), a technology focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce that is has launched Mr. Chili (" Mr. Chili " or the " Brand "), which is an exclusive, delivery-only, spicy noodle menu created in association with the Mr. Hot instant noodle brand in Taiwan . To date, JustKitchen is the first and only ghost kitchen affiliate of Mr. Hot and its celebrity endorser, Jam Hsiao Ching-Teng the famous Taiwanese singer and actor. Additionally, the Company has launched a new curry and don brand, Kitsutaya Curry Donburi (" Kitsutaya ") to appeal to families with children as the menu adds a sweet taste to more traditional curry and don meals at an affordable price point.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
KWESST Advisor and Spokesperson Brandon Tatum to Replace Larry Elder on Salem Radio Network

KWESST Advisor and Spokesperson Brandon Tatum to Replace Larry Elder on Salem Radio Network

KWESST Micro Systems Inc. (TSXV: KWE) (OTCQB: KWEMF) (FSE: 62U) ("KWESST" or the "Company") today announced that the Salem Radio Network has signed KWESST advisor and advocate, Brandon Tatum to replace Larry Elder who announced his retirement from radio on April 3rd. Brandon will also turn the third hour of the radio show into a daily Podcast. He will take over a network show with 387 total affiliates beginning Monday, May 16th.

"We have been so pleased with our collaboration with Brandon who is a widely followed commentator on use of force and is a sincere believer in better tools for law enforcement and personal defense. It is thereby not surprising that Brandon received this honor and was asked to continue the legacy of the great Larry Elder," said David Luxton, Executive Chairman of KWESST.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
DGTL Holdings Inc. Reports Contract Extension with CPG Brands Conglomerate

DGTL Holdings Inc. Reports Contract Extension with CPG Brands Conglomerate

$180,000 Contract Extension with Nasdaq Listed Leader in CPG Brands Includes Licensing to Flagship Social Analytics Platform, TotalSocial

DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") reports that its wholly owned subsidiary, Engagement Labs has secured a contract extension with a global leader in consumer-packaged goods (CPG). This one (1) year contract extension is valued at over $180,000 and includes licensing to their flagship TotalSocial® PaaS (Platform-as-a Service).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Nanalysis to Present at the Planet MicroCap Showcase 2022 in Las Vegas on Wednesday, May 4, 2022

Nanalysis Scientific Corp. ("the Company"), (TSXV:NSCI)(OTCQX:NSCIF)(FRA:1N1), a leader in portable NMR machines and MRI technology for healthcare and industrial applications, today announced that it will be presenting at the Planet MicroCap Showcase 2022 at the Bally's Hotel & Casino in Las Vegas, NV on Wednesday, May 4, 2022 at 5:30 PM Pacific Time. Sean Krakiwsky, CEO of Nanalysis will be hosting the presentation and answering questions from investors, as well as, in person, 1-on-1 investor meetings over two days

To access the live presentation, please use the following information:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×