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Adamant Publishes an Increase in Q1 2022 Revenue

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Vancouver, British Columbia–(Newsfile Corp. – June 16, 2022) – Adamant Global Holdings (CSE: ADMT) (OTC Pink: UCCPF) (FSE: U06) (“Adamant”) announces 318.511USD of revenue on its financial statements for the first quarter ended on March 31th 2022. All the audited statements can be access on the SEDAR website.

In a context of market inflation, the management is taking all corrective measures to confirm financial objectives for 2022. First quarter of the year showed an improvement compared to Q1 2021 -which had no revenue due to its dormant statements-, and to Q4 -which registered 275.833USD– thanks to the relaunch of the telecom division (Oktacom Inc).

The reactivation of the wholesale business has been the key to achieve this numbers. Andrea Pagani, Adamant’s CEO, expresses the following:

“Dear shareholders:

I’m taking with enthusiasm all the challenges that we have had. Our goal is very clear: we want our digital divisions to be important players in their respective sectors. In this first quarter, Adamant has delivered a solid performance with significant revenue, and this allows us to confirm that we’re on track to achieve our 2022 targets. The results obtained also demonstrate management’s ability to grow in the telecommunications market, and represent a strong foundation for this year and longer term.

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We are glad to communicate the revenue that we have had during 2022 Q1. This translates in 318.511USD. All this wouldn’t be possible without Oktacom and our agreements with telecom carriers (fixed and mobile). When we look at the numbers that we have this year, we are confident that we are going in the right direction.

Our strategy is very clear and our goals are:

  1. Develop the fintech business by leveraging through our telecom business.
  2. Strengthen the group by acquiring companies that will help increase and consolidate our financials and market capitalization.

We have two defined companies with excellent synergy (Oktacom and Brilliance); the telecom division will drive the distribution and the growth of the fintech sector.

We are working non-stop to deliver the Upco Pay application and our intention is to deliver a product with the minimum risk to our investors in the market.

This strategy will invoke a three-phase approach as follows:

  1. Leverage core business capabilities and assets (Wholesale Telecom).
  2. Reinforce the core business by expanding into related areas (Voice and Data).
  3. Continue adding value to customers though extended offerings (OTT and UpcoPay).

Adamant is stronger than ever, and part of our objectives are to reduce costs. We value the money that every shareholder has put in this company.

I also want to reaffirm that Upco Pay is more alive than ever and that all our work is being done behind the scenes, in order to present a successful product.

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On behalf of the board,”

Andrea Pagani, Adamant’s CEO

About ADAMANT

ADAMANT Global Holding is the owner of Oktacom Inc, a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business; and Brilliance LTD, a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce.

Brilliance has designed a software application for Apple iOS and Android, like SKYPE and WhatsApp.

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Andrea Pagani
[email protected]

Website: www.adamantglobal.com
Twitter:
@adamantglobal
LinkedIn:
Adamant-Global

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128063

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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