Thursday, July 27, 2023

The #AIEye #Podcast: Watching #AI Breaking News (NYSE: $NOW) (NasdaqGS: $NVDA) (NYSE: $ACN) (NasdaqGS: $AMZN) #artificialintelligence



 

 

The #AIEye #Podcast: Watching #AI Breaking News (NYSE: $NOW) (NasdaqGS: $NVDA) (NYSE: $ACN) (NasdaqGS: $AMZN) #artificialintelligence

 

ServiceNow, NVIDIA, and Accenture Team Up to Launch AI Lighthouse, and AWS Announces AI-Powered HealthScribe Service

 

Global #AIMarket to Reach $1.34T by 2030

 

Vancouver, Kelowna, Delta, BC – July 27, 2023  – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) stocks and industry news brings you today’s edition of The AI Eye Podcast; watching AI breaking news .

 

Today’s  podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2023/072723-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2023/artificial-intelligence/07271NOW-NVDA-ACN-AMZN.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (NYSE:NOW) (NasdaqGS:NVDA) (NYSE:ACN) (NasdaqGS:AMZN)

 

ServiceNow, Inc. (NYSE:NOW), NVIDIA Corporation (NasdaqGS:NVDA), and Accenture (NYSE:ACN) have joined forces to launch AI Lighthouse, described as “a first-of-its-kind program designed to fast-track the development and adoption of enterprise generative AI capabilities.” AI Lighthouse brings together ServiceNow’s enterprise automation platform and engine, NVIDIA’s AI supercomputing and software, and Accenture’s AI transformation services to help customers to design, develop, and implement “custom generative AI large language models (LLMs) and applications to advance their businesses.” Julie Sweet, chair and CEO, Accenture, said:

 

"Generative AI holds enormous potential for enterprises—it can help them reinvent how they work, strengthen their services, differentiate themselves and reach new levels of performance. Our expanded partnership with ServiceNow and NVIDIA will apply our combined experience, expertise and insights to helping our clients create powerful, relevant and responsible generative AI use cases and more quickly realize the value of this transformative technology."

 

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced AWS HealthScribe at AWS Summit New York today. AWS HealthScribe is described in the press release as a “service that empowers healthcare software providers to build clinical applications that use speech recognition and generative AI to save clinicians time by generating clinical documentation.” Bratin Saha, vice president of Machine Learning and Artificial Intelligence Services at AWS, commented:

 

"Our healthcare customers and partners tell us they want to spend more time creating innovative clinical care and research solutions for their patients while spending less time building, maintaining, and operating foundational health data capabilities. That is why AWS has invested in building a portfolio of AI-powered, high-performance, and population-scale health applications so that clinicians can spend more time with the patients during the face-to-face or telehealth visits."

 

 

Global AI Market to Reach $1.34T by 2030

 

Research published by ReportLinker finds that the global market for Artificial Intelligence is projected to grow from $150.2 billion USD in 2023 to $1.34 trillion by 2030, registering a compound annual growth rate (CAGR) of 36.8 percent in the forecast period. The following excerpt from the report’s summary outlines some of the various applications of AI that are driving the market’s growth:

 

Businesses harness the power of artificial intelligence (AI) to streamline job processes and aggregate business data effectively. Artificial Intelligence utilizes extensive data to recognize patterns in users’ search behaviors, providing them with more pertinent information based on their specific circumstances. With the continuous advancement of AI technology and the growing usage of devices, users can anticipate an increasingly personalized and customizable experience.

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

Podcast sponsor


AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is a platform for investing ideas. We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

 

Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

The AI Eye-  Watching stock news, deal tracker and  advancements in artificial intelligence is an original content brand of Investorideas.com

 

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#PreciousMetal #Stocks #Mining in #Mexico (OTC: $AABB) (NYSE: $AG) (NYSE: $GATO) (NYSEAmerican: $ASM) @AsiaBroadband @FMSilverCorp @Avino_ASM @GatosSilver

#PreciousMetal #Stocks #Mining in #Mexico (OTC: $AABB) (NYSE: $AG) (NYSE: $GATO) (NYSEAmerican: $ASM) @AsiaBroadband @FMSilverCorp @Avino_ASM @GatosSilver

 

How to stand out from the Rest

 


Vancouver, Kelowna, Delta, BC – July 27, 2023  - Investorideas.com, a leading investor news resource covering precious metal and mining stocks releases a special news report featuring Asia Broadband Inc. (OTC: AABBon precious metals stocks operating in Mexico.

 

Read this article, featuring AABB in full at https://www.investorideas.com/news/2023/mining/07271Precious-Metal-Mexico.asp

 

The global precious and base metals market is estimated to reach over USD 2300.88 billion by 2031, exhibiting a CAGR of 12.21% during the forecast period.

 

Mexico is the largest producer of silver in the world and a top global producer of gold, copper and zinc, amongst other minerals.

 

Asia Broadband Inc. (OTC: AABB), a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets, just announced  the beginning of the installation of a mineral testing lab on-site for gold & silver ore stockpile processing in Mexico. Their new facility will reduce costs and supply rapid mineral results reports.

 

From the news: The 4.94 hectare processing plant land parcel, that includes a water concession, is located approximately 5.8 miles from the ore stockpile in Etzatlan, Mexico, and 48 miles from the AABB Buenavista mining warehouse. The new facility build-out is budgeted for a $3 million cost and is initially planned to have a 200 ton per day (tpd) processing capacity. At this first level of processing, the mill is estimated to generate over $11 million in revenue annually. However, the Company will also be accelerating a mill expansion installation to increase the processing capacity 5 fold to 1,000 tpd, once the initial processing level of the mill is consistently at capacity.

 

“With our own mineral testing lab on the facility site, we will have the ability to choose the highest mineral concentration ore for processing to achieve the greatest value throughput and maximum revenues. Essentially, the lab will let us cherry-pick the highest grade ore in the stockpile to process first. This is a major advantage to us in many ways and we are ecstatic about it,” stated Chris Torres, AABB President and CEO.

 

Last month the company also announced preliminary mineral resource estimates of gold and silver values contained in the initial technical report exceed $10 million at the current spot precious metal prices, prior to the Company’s ongoing work programs.

 

The company announced in May that it has been diligently exploring new gold property acquisitions with high-grade production potential in several regions of Mexico. The AABB mining group has conducted numerous site visits to the top rated acquisition target properties and is currently in the due diligence process of assessments and evaluations in preparation for final purchase negotiations. The acquisition team is exclusively focused on properties with the highest potential for rapid expansion, high-grade production and low-cost operations that will maximize gross profit contributions. The Company’s overall strategic capital expansion initiative is to increase gold production and physical gold holdings to accelerate the growth of the digital assets division.

 

According to the company, when differentiating from other miners in Mexico,”The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders.”

 

 

First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV), a mining company with lead assets in Mexico, just announced that total production in the second quarter of 2023 reached 6.3 million silver equivalent ("AgEq") ounces, consisting of 2.6 million silver ounces and 45,022 gold ounces. Approximately 94% of total production, or 6.0 million AgEq ounces, was produced from the Company's three Mexican operations, the San Dimas, Santa Elena and La Encantada mines. The Company's fourth operation, the Jerritt Canyon mine in Nevada, USA, processed most of its remaining ore stockpiles and work in process ("WIP") inventory throughout April and May and produced 4,364 ounces of gold during its partial quarter.

 

From the news: In the first half of 2023, the Company produced 5.2 million silver ounces and 105,616 gold ounces, or approximately 14.0 million AgEq ounces. In the second half of 2023, the Company is expecting to produce between 5.3 to 5.9 million silver ounces and 86,000 to 95,000 gold ounces, or approximately 12.4 to 13.8 million AgEq ounces, at an all-in sustaining cost ("AISC") range of $17.69 to $18.92 per AqEq ounce.

 

From the news: As of April 24, 2023, all activities at the Jerritt Canyon processing plant were discontinued following the Company's previously announced temporary suspension of mining operations on March 20, 2023.

 

In other mining in Mexico news, Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE American: ASM) reported on July 20th it had achieved production results of 587,317 silver equivalent ounces, bringing the 12-month trailing total to 2.8 million silver equivalent ounces from the Avino Mine.

 

From the news: "The Avino Mine continued to provide stable production results in the second quarter of 2023, albeit impacted by mining in lower grade areas and certain mill equipment delivery delays, which are now behind us," said David Wolfin, President and CEO of Avino. "These challenges provided us with the opportunity to implement upgrades to the haulage ramp that has since allowed us to exceed original underground maximum haulage rates. With these upgrades, we expect production to catch up to our internal guidance in the second half of the year. On the exploration side, we are thrilled with the outstanding drill results from below Level 17 released earlier this month which further demonstrates that the Avino Mine continues to get better as we explore at depth. Finally, we remain focused on the execution of our 5-year growth plan."

 

Avino currently controls mineral resources, as per NI 43-101, that total 368 million silver equivalent ounces, within our district-scale land package. 

 

Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO), a silver dominant exploration, development and production company that discovered a new silver and zinc-rich mineral district in southern Chihuahua State, Mexico, on July 18th provided a Q2 2023 update on the drilling and exploration programs in the Los Gatos district (“LGD”) in Mexico, including details of additional intercepts of high grade mineralization in the South-East Deeps (“SE Deeps”) zone of its 70%-owned Cerro Los Gatos (“CLG”) mine that could provide new mineral resources and reserves to extend the mine life.

 

“Our continued drilling success shows why we are so excited about the future for this district,” said Dale Andres, CEO of Gatos Silver. “Our next mineral resource and reserve update is nearing completion and will be a first step in extending the mine life and showing the potential scale of SE Deeps. With six surface drill rigs primarily focused on defining the SE Deeps, we are continuing to intercept strong widths and grades of silver, zinc, lead, gold and copper as we infill that zone. In addition, the foundational work we are doing this year with our greenfields program is deepening our understanding of the district and enabling us to sharpen our focus on priority areas where we might find the next CLG.”

 

“Mexico, being the top global producer of silver, has attracted both majors and juniors the world over in hopes of new discoveries” says  Resource World, in spite of some of the new mining regulations and hurdles miners may face there. 

 

So for investors looking for the gold, there is always a ‘silver lining’ in Mexico if they look for it.

 

Visit the mining and metals stocks free directory at Investorideas.com

https://www.investorideas.com/Gold_Stocks/Stocks_List.asp

 

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is a platform for investing ideas. We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring AABB is a paid for news release by third party on Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Mining Sector Stocks- investing ideas in mining stocks

Like Mining Stocks? View our Mining Stocks Directory  Get News Alerts on Mining Stocks

 

Tuesday, July 25, 2023

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqCM: $CLSK) (NasdaqCM: $MIGI) (TSX: $WNDR.TO)

 



 

 

#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NasdaqCM: $CLSK) (NasdaqCM: $MIGI) (TSX: $WNDR.TO)

 

CleanSpark Hits All-Time High Hashrate, Mawson Invites Indications of Interest for BTC Hosting, and WonderFi Announces Coinberry Client Account Acquisition

 

Vancouver, Kelowna, Delta, BC, July 25, 2023 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2023/072523-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2023/crypto-corner/07251CLSK-MIGI-WNDR.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqCM:CLSK) (NasdaqCM:MIGI) (TSX:WNDR)

 

CleanSpark, Inc. (NasdaqCM:CLSK) has announced that it has reached an all-time hashrate high of 8.5 exahash per second (EH/s) as its Washington and Dalton, Georgia, campuses continue to come fully online. Zach Bradford, the company’s CEO, explained:

 

"We have nearly tripled our hashrate in just a year. Last year at this time our operational hashrate was 2.9 EH/s and today it comes in at over 8.5 EH/s. Our owned-and-operated approach to mining has been essential to making this growth possible. What's more, as we've grown our hashrate we've also made meaningful improvements to our efficiency, which means we are capable of mining more bitcoin with less energy. As of today, our current fleetwide efficiency sits at 29.2 J/TH."

 

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has announced that it is “inviting outside parties to provide Indications of Interest (IOI) for its hosting and digital infrastructure services, including Bitcoin (BTC) miner hosting, High Performance Computing (HPC) co-location, “and other potential partnerships utilizing its digital infrastructure and hosting locations.” Rahul Mewawalla, CEO and President of Mawson, explained:

 

“Given recent developments in Bitcoin mining and HPC co-location driven by the upcoming halving for bitcoin and the growing applications for AI and other HPC related hosting capabilities, there is growing demand for reliable, scalable, and well operated hosting and co-location sites such as those run by Mawson. We are therefore looking forward to running a streamlined process in the open market to engage with potential hosting customers to deliver mutual benefits for our hosting customers and our hosting business, as well as deliver the best value to our stakeholders.”

 

WonderFi Technologies Inc. (TSX:WNDR) recently announced that Bitbuy Technologies Inc., its subsidiary, has received a non-objection letter from the Ontario Securities Commission to purchase all of the client accounts of Coinberry Limited. According to the press release, this move constitutes part of WonderFi's plan “to streamline operations and enhance the trading experience for its users following the initial acquisition of Coinberry.” WonderFi President and CEO Dean Skurka said:

 

"We are excited to migrate Coinberry's users to the Bitbuy platform. This consolidation will allow us to offer an enhanced trading experience to a larger user base. We are confident that the integration will bring additional value to our customers."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is a platform for investing ideas. We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water.

Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

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#Mexico’s #HomeImprovement #Market- #Stocks to watch (OTC: $PDRO) (NYSE: $HD) (NYSE: $SPB) (WALMEX: MX) (NYSE: $WMT) @PedrosListMX @HomeDepot @Spectrum_Brands @WalmartMXyCAM @Walmart

#Mexico’s #HomeImprovement #Market- #Stocks to watch (OTC: $PDRO) (NYSE: $HD) (NYSE: $SPB) (WALMEX: MX) (NYSE: $WMT) @PedrosListMX @HomeDepot @Spectrum_Brands @WalmartMXyCAM @Walmart

 

Vancouver, Kelowna, Delta, BC – July 25, 2023  - Investorideas.com, a leading investor news resource covering tech and homebuilder stocks releases a special news report on the growing  market opportunity for the home repair business in Mexico, featuring Pedro's List (OTC PINK:PDRO), a company that provides technology tools and resources to allow homeowners to find local, pre-screened, customer reviewed service professionals and instantly book appointments online or through the mobile application.

 

Read this article, featuring PDRO in full at https://www.investorideas.com/news/2023/homebuilder/07251Mexico-Home-Improvement-Market.asp

 

According to Statista.com, “The market value of the home improvement market in Mexico reached 12.13 billion U.S. dollars in 2019. It was forecast that by the year 2024, this value would increase t0 13.57 billion U.S. dollars.”

 

Based in Mexico and knowing first-hand the opportunity, Pedro's List Inc. (OTC PINK: PDRO)

recently announced that it has launched its new corporate website at www.pedroslistinc.com. The new corporate website is intended to comply with all applicable disclosure standards, including investor access to the Company's filings with the Securities & Exchange Commission ("SEC"), stock price information and social media pages. The Company's provider and homeowner website remains unchanged at www.pedroslist.mx.

 

From the news: In addition, the Company's website has access to archived press releases and other relevant information, including a recent story in USA Today about the Company. Commenting on the new website, Pedro's founder & director Eden Miller stated: "Pedro's List is a transformative company that will soon positively impact the lives of millions of people every day. Our new website represents a small but significant step in introducing ourselves and our exciting company to our shareholders and the wider investor community. It also provides our valuable constituents with a window into current information about Pedro's List and keeps them informed about new developments and where we are headed. Over time, we intend to add additional features to our site to make it an even better resource for the public."

 

The Company announced the engagement of Think Ink Marketing Data & Email Services, Inc. ("Think Ink") to provide public relations services in an effort to increase public awareness of the Company. Think Ink is a California-based marketing firm established in 1991 that provides its customers with a complete range of marketing services that span both digital and direct mail venues. With its digital services ranging from data appending, email marketing and pay-per-click online banner and native ads, the company helps its clients reach a large network of potential investors. The Company has paid a fee of approximately $125,000 for the services of Think Ink, and additional funds may be paid as necessary. The Company will not issue any securities to Think Ink as compensation for its marketing services. As of the date hereof, to the Company's knowledge, Think Ink (including its directors and officers) does not own any securities of the Company and has an arm's length relationship with the Company.

 

Think Ink has and shall continue to, as appropriate, create campaigns, ad groups, text ads, display ads, perform detailed keyword research, setup and manage remarketing campaigns, optimize keyword options, coordinate online advertiser and marketers corresponding to online marketing targets, create landing pages for ad campaigns and generally bring attention to the business of the Company. The promotional activity undertaken by Think Ink will occur on www.markettactic.com, and at times by email and other social media.

 

"Taken together, the goal of the new corporate website and the retention of Think Ink is aimed at producing internal branding, web and marketing material as well as assisting with the coordination of advertising campaigns," believes Miller. "The Company looks forward to developing its brand image to be more in line with its current vision, first in Mexico and then in other non-USA based markets," concluded Miller.

 

According to ResearchandMarkets.com, looking at the global opportunity,  “High internet penetration in developing countries and rapid adoption of online sales channels by the market players are expanding the consumers base and brand's visibility to every corner of the world. Also, the availability of D-I-Y (Do it Yourself) products in the market to allow consumers to personalize the home improvement and remodeling based on their requirements is expected to bolster the Global Home Improvement Market growth in the next five years.”

 

Home Depot (NYSE:HD), reporting on its growth in Mexico said in December 2022 “Four new stores have joined The Home Depot Mexico family recently, bringing the store count in Mexico to 133. These new stores are: Gonzalitos in Monterrey, Nuevo León; Gómez Palacio in Gómez Palacio, Durango; Lázaro Cárdenas in Guadalajara, Jalisco; and Concordia in Apodaca, Nuevo León. Local officials joined our leadership teams for board cutting ceremonies to celebrate the grand openings.”

 

From the news: These new stores represent an investment and commitment to the communities where they are located. For instance, to celebrate the opening of the Gonzalitos store, the company donated products to Back2Back México, a non-profit organization dedicated to serving the needs of orphaned and vulnerable children and their families.

 

"I am very excited to open four stores in Mexico in 2022 and close the year with 133. I want to thank all our associates for the extraordinary work they have done in these challenging years. We are going for more. We want to be even closer to our customers and therefore we will accelerate our expansion plan and reach 150 stores in less than 5 years. I am convinced that The Home Depot's best years in Mexico are yet to come," says Jose "Pepe" Rodriguez, President of Home Depot Mexico

 

According to ecommeceguide.com “Home Depot Mexico exists in both brick and mortar stores across the country as well as through its only platform where customers can buy home supplies for bathrooms, decor, electrical, hardware, tools, lighting, yard, and more.”

 

Looking at the Top 10 Mexican Ecommerce Sites, obviously Walmart, who provides some home improvement products made the list. Looking at the overall growth plan for Mexico, including bricks and mortar, RetailTouchPoints.com reports, “Walmex (WALMEX.MX), Walmart’s  Mexico and Central America business, is planning to spend nearly $1.5 billion in the region in 2023. The investment, which is up 27% from the amount spent in 2022, will primarily be used to remodel and maintain existing stores while opening new locations, along with improvements to supply chain and technology.”

 

Looking at the dollar value of the home improvement market in Mexico, Spectrum Brands Holdings, Inc. (NYSE: SPB), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, announced in early June  that it received clearance from the Mexican competition authority to sell the Company’s Hardware and Home Improvement segment (“HHI”) to ASSA ABLOY for $4.3 billion in cash, subject to customary adjustments.

 

The approval from the Mexican competition authority was the last regulatory approval required to complete this transaction.

 

On June 20th, Spectrum announced the closing of the sale of the Company’s Hardware and Home Improvement business (“HHI”) to ASSA ABLOY.

 

Although several players are in the home improvement market in Mexico both online and in retail stores, there has not been a company solely targeting that market. A recent article featuring Pedro’s List notes,” Pedro’s List isn’t just the first home improvement and repair platform to launch in Mexico. Currently, there is no other company or competitor on the horizon. This creates a straightforward expectation that Pedro’s List will dominate Mexico’s $12.3 billion home improvement market over the coming years.” 

 

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