BBIG - CEOs of XELA OGGFF ENTEF and BBIG Driving Revenue Growth with M&A and Innovation in E-Sports Digital Media Plant-Based Foods and Business Automation
NEW YORK, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEO’s of: Exela Technologies (NASDAQ: XELA), Organic Garage (OTC: OGGFF) (TSX.V: OG), ESE Entertainment (TSX.V: ESE) (OTC: ENTEF) and Vinco Ventures (NASDAQ: BBIG).
Today’s emerging megatrends and technologies are creating trillion dollar opportunities for disruptive innovation in how we live, work and play. Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead:
ESE Entertainment (TSX.V: ESE) (OTC: ENTEF) CEO Konrad Wasiela: “ 60X Increase in Revenue Run Rate in 12 Months - Just The Start”
ESE Entertainment (TSX.V: ESE) (OTC: ENTEF) CEO Konrad Wasiela, a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK investors livestream shared that revenues have increased to a CD$60 million+ run rate, with its latest e-sports acquisition. This is almost a 6,000% increase from ENTEF’s run rate less than 12 months ago. On December 1, ENTEF closed the acquisition of GameAddik, which through its wholly owned brand PWN Games, is considered one of the top CPA (cost-per acquisition) networks for gaming by gamesight.io. Game Addik generated revenue of CD$24.0 million and operating income of CD$4.7 million in FY 2020.
Konrad stated this milestone is just the beginning, as his goal is ramping ENTEF e-sports revenues to $250 million in the next 18 month through organic growth and strategic M&A - and building a multi-billion dollar global e-sports business. ESE is now rapidly expanding, with multiple revenue streams including, e-sports infrastructure software powering global tournaments, exclusive digital media distribution, broadcast rights, and owning world-class leagues and teams, including its K1CK global e-sports franchise. Konrad reported that “ESE now has a growing e-sports M&A pipeline with over $100 million annual revenues” and expected to close a significant number of these potential transactions in the coming months.
Watch ESE (OTC: ENTEF) (TSX.V: ESE) Next Super Stock livestream video: https://www.wallstreetreporter.com/2022/01/19/next-super-stock-ese-entertainment-otc-entef-tsx-ese-e-sports-metaverse-path-to-10x-upside-22/
Exela Technologies, Inc. (NASDAQ: XELA) Ron Cogburn, CEO: “Solid Growth Momentum and $200 Billion Market Opportunity”
“...Exela is a global leader in business process management solutions. Our total addressable market is extremely large at $207 billion and growing. Moreover, there are incremental growth opportunities in digital asset groups of what we call DAG, as we refer to it, included in the SMB market, which we entered in late 2020. We are well positioned in the market with a strong competitive moat, supported by our extensive investments in technology and the numerous patents that we own....Our strategy has evolved to scale up our cloud usage. Many of our platforms, including intelligent data processing and our work from anywhere initiatives are driving fast adoption of the cloud. We expect materially, all customers and employees will be using the cloud by the end of 2022. This is up from 30% in Q4 of this year. Quarterly revenue challenges due to COVID-19 aside, we are seeing solid momentum throughout our business, highlighted by strong renewal rates, expansion activity and an increasing pipeline of new activity…Exela remains well positioned in today’s environment. We enhanced our liquidity position through a fortified balance sheet that included equity raises, debt repurchase and debt refinancing. Our strengthened financial position, along with our continued operational improvements, position Exela to capitalize on our growing global TAM. Moreover, we have the technology, extensive history, powerhouse employee base and the strength of our new financial position that provide us confidence in our strategy for what we plan in 2022…”
Exela Technologies, Inc. (NASDAQ: XELA) Earnings Highlights: https://www.wallstreetreporter.com/2022/01/04/exela-technologies-inc-xela-q3-2021-earnings-highlights/
Organic Garage (OTC: OGGFF) (TSX.V: OG) CEO Matt Lurie: “Ready to Scale with Plant-Based Brands and Next Gen Organic Retailing”
Organic Garage (OTC: OGGFF) a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK investor conference, is capitalizing on twin megatrends in the booming plant-based foods space and specialty organic retailing. In his recent presentation, OGGFF CEO Matt Lurie shared with investors how OGGFF is positioned for explosive growth in the coming months, as it scales its “Organic Garage” specialty retail stores and launches its “Future of Cheese” brand which targets multi-billion dollar opportunities in the global plant-based dairy alternatives sector.
Watch Organic Garage (OTC: OGGFF) (TSX.V: OG) Next Super Stock livestream video: https://www.wallstreetreporter.com/2022/01/19/organic-garage-otc-oggff-tsx-og-explosive-growth-potential-in-22-next-super-stock-1-14-22-livestream/
OGGFF’s “Organic Garage” specialty retail stores have built up a cult following among millennial shoppers in Toronto, Canada through a fun experiential retail concept and discount pricing - “Healthier Food For Less”. OGGFF currently has four stores generating over $30 million in revenue, at strong gross margins - and is now at an inflection point - ready to scale rapidly with new locations. In his interview with Wall Street Reporter, OGGFF CEO Matt Lurie discusses the possibilities for scaling the Organic Garage brand globally, whether through company owned stores, partnerships, and or franchises.
OGGFF is further leveraging its retailing domain expertise into the plant-based foods space. With a strong knowledge of what sells on retail shelves and what today’s consumers want, OGGFF is developing its owned plant-based CPG brands. OGGFF has just launched the “Future of Cheese” brand targeting the dairy alternatives space. Developed by the world’s leading cheese experts, Future of Cheese is rolling out a full line of cheese, butter and other exciting plant-based dairy products. The brand is a hit with consumers and products are selling out on shelves weekly. OGGFF is now expanding its product portfolio to 8-10 SKU’s in coming months which will help drive market penetration with international retailers. In his interview with Wall Street Reporter, Matt Lurie discusses OGGFF’s growth strategy for global sales expansion of Future of Cheese in retail and restaurants.
Watch Organic Garage (OTC: OGGFF) (TSX.V: OG) Next Super Stock livestream video: https://www.wallstreetreporter.com/2022/01/19/organic-garage-otc-oggff-tsx-og-explosive-growth-potential-in-22-next-super-stock-1-14-22-livestream/
Vinco Ventures (NASDAQ: BBIG) CEO Lisa King: “Transforming Vinco to Digital Media Company”
“...We completed the acquisition of an 80% interest in Lomotif, one of the fastest growing video-sharing social networking platforms in its category over the last three years, with over 225 million installations of the Lomotif app globally since launch…Over 10 billion atomic clips of user generated content have been used to create more than 750 million videos on the platform since its launch. We view Lomotif as the centerpiece of our strategies to become a pure play media and entertainment company…”
“..We intend to monetize the platform to our planned acquisition of AdRizer through ZVV Media Partners LLC, our joint venture with ZASH Global Media, the planned acquisition we announced in early October. AdRizer runs both real-time programmatic ad transactions and has direct agreements with agencies and advertisers on its own proprietary AI-focused platform….We believe that Lomotif and AdRizer will be complemented by our Honey Badger Media and Edison Nation brands, which will remain with Vinco. Honey Badger is a digital commerce company that designs digital campaigns and leverages its network of millions of followers and an impressive catalogue of celebrities and influencers to grow advertising revenue…Honey Badger brings a proprietary monetization process that converts traffic to dollars, employs content arbitrage to capitalize on network traffic and leverages a powerful ad stack. Edison Nation allows inventors to create, distribute, market and monetize their products to licensing agreements….What I've described above is the vision we have for the transformation of Vinco to a media and entertainment company.”
Vinco Ventures (NASDAQ: BBIG) Earnings Highlights: https://www.wallstreetreporter.com/2022/01/30/vinco-ventures-nasdaq-bbig-q3-2021-earnings-highlights/
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Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com . Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: http://bit.ly/39kkE7K
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