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Tuesday, August 15, 2023

#AIEye #Podcast: #AI #Stocks in the News: (OTCPINK: $GTCH) (NasdaqCM: $BNIX) (NYSE: $IBM)

#AIEye #Podcast: #AI #Stocks in the News: (OTCPINK: $GTCH) (NasdaqCM: $BNIX) (NYSE: $IBM)

GBT Announces Patent Purchase Agreement with Bannix Acquisition Corp. for Apollo IP System, and IBM Brings AI-Powered Features to US Open

Global #AI in #CancerDiagnostics Market to Reach $996.1M by 2030

Vancouver, Kelowna, Delta, BC – August 15, 2023 – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of The AI Eye-watching stock news, deal tracker and advancements in artificial intelligence – featuring technology company GBT Technologies Inc. (OTCPINK:GTCH).

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2023/081523-AI-Eye.mp3

Read this in full at https://www.investorideas.com/news/2023/artificial-intelligence/08151GTCH-BNIX-IBM.asp

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

Stocks discussed: (OTCPINK:GTCH) (NasdaqCM:BNIX) (NYSE:IBM)

GBT Technologies Inc. (OTC PINK:GTCH) has entered into a definitive Patent Purchase Agreement through its 50 percent-owned GBT Tokenize Corp. with Bannix Acquisition Corp. (NasdaqCM:BNIX) wherein the latter will acquire the Apollo IP system for $42,500,000 payable in shares of Preferred Stock of BNIX. The Apollo IP system is described as “a revolutionary radio frequency-based computer vision technology that, upon full development, can provide autonomous vehicles with superior perception and mapping capabilities in all lighting conditions and weather.” Doug Davis, CEO of Bannix Acquisition Corp., explained:

"We are excited to announce our acquisition agreement with Tokenize. We believe this strategic acquisition will allow us to partner with multiple integrators of autonomous vehicles. We believe it will also enhance our Business Combination partner Evie Autonomous Group's exciting, patent-pending, AI enhanced radar vision system that allows vehicles to perceive their environment, using 4D radar and algorithms to intelligently interpret the sensor data and unlock tremendous value and position us as a leader in the autonomous technology space. Together, we will drive the future of mobility and revolutionize the way people experience transportation.”

IBM (NYSE:IBM) and the United States Tennis Association (USTA) have announced the implementation of AI-powered digital fan features on USOpen.org and the US Open app. This will include AI generated commentary and captions powered by watsonx, IBM's AI and data platform. Jonathan Adashek, Senior Vice President of Communications and Marketing at IBM, explained:

"Fans accessing the US Open digital experiences this year will be able to experience every singles match, across all seventeen courts, with detailed audio narration and captions accompanying each video – thanks to the power of IBM's watsonx generative AI, specifically trained on the language of tennis. The AI Commentary feature was developed based on the watsonx enterprise-ready data and AI platform, designed to enable businesses to accelerate generative AI work by leveraging foundation models and machine learning in one place, with their own data."

Global AI in Cancer Diagnostics Market to Reach $996.1M by 2030

A report published by Research and Markets finds that the global market for AI in Cancer Diagnostics is projected to grow from $137.8 million USD in 2022 to $996.1 million by 2030, registering a compound annual growth rate (CAGR) of 26.3 percent in the forecast period 2023-30. The following excerpt from the report’s description outlines some key factors impacting the growth of the market:

The increasing scope of applications of artificial intelligence (AI) in various healthcare fields, including diagnostics; the rising prevalence of cancer; and the growing shortage of public health workforce are some of the key factors anticipated to fuel the adoption of artificial intelligence (AI) in cancer diagnostics over the forecast period. In addition, the increasing applicability of AI-based tools in cancer care and the rise in venture capital investments is further driving the surge in demand for this technology.

Sam Mowers, Investorideas.com

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Breaking #Fintech #Stock News: AppTech Payments Corp. (NASDAQ: $APCX) Reports Second Quarter 2023 Results; @AppTechCorp

Breaking #Fintech #Stock News: AppTech Payments Corp. (NASDAQ: $APCX) Reports Second Quarter 2023 Results; @AppTechCorp

CARLSBAD, Calif. - August 15, 2023 (Investorideas.com Newswire) AppTech Payments Corp. ("AppTech") (NASDAQ: APCX), an innovative Fintech company powering seamless commerce between businesses and consumers, today announced results for its second quarter ended June 30, 2023. The financial statements and 10-Q are available on sec.gov.

Read this news, featuring APCX in full at https://www.investorideas.com/CO/APCX/news/2023/08151Q2-Results.asp

Second Quarter and Year-to-Date 2023 Financial Highlights

Revenue was approximately $134 thousand for the three months ended June 30, 2023, up 9% compared to $123 thousand for the three months ended June 30, 2022. The increase was principally driven by higher transaction volume.

Revenue was approximately $223 thousand for the six months ended June 30, 2023, compared to $227 thousand for the prior-year period. The slight decrease was principally driven by an adjustment in our revenue related to a processor.

Cash and cash equivalents balance was $749 thousand as of June 30, 2023.

Recent Business Highlights

Executed a definitive agreement with Broadnet Technologies to expand AppTech's reach in the global text-to-pay space. The Patent License Agreement licenses AppTech's SMS and Mobile Payment patents to Broadnet, thereby expanding the Company's footprint by supporting integrations with its patent-based portfolio in text-to-pay and SMS solutions.

Entered a strategic partnership to build, develop, launch, and manage InstaCash, Inc.'s mobile-to-mobile payment system, and subsequently extended the license to Brazil and Mexico. AppTech will develop mobile and web-based applications for the contactless payment system, which will feature digital banking services and Visa/MasterCard sponsorship, and provide user support services. As part of the partnership, AppTech will receive an equity stake in InstaCash.

Granted a patent license to PayToMe.co, a Silicon Valley-based company focused on revolutionizing digital financial services.

Joined the Russell Microcap® Index, effective after the US market opened on June 26, 2023. Russell indexes are widely used by investment managers and institutional investors as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell's US indexes.

Management Commentary

Luke D'Angelo, Chief Executive Officer of AppTech, commented: "In the second quarter, we continued to leverage our powerful and differentiated Fintech platform, while the value of our patent portfolio is increasingly being recognized by the market. Our new strategic partnerships with market-leading companies expand AppTech's opportunity set, further diversifies the business, and accelerates our growth trajectory. Moreover, our inclusion in the Russell Microcap Index reinforces our continued progress on our growth strategy, and amplifies our visibility in the market, which positions us to enhance long-term value for our shareholders."

About AppTech Payments Corp

AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for corporations, small and midsized enterprises ("SMEs") and consumers through the Company's scalable cloud-based platform architecture and infrastructure, coupled with our commerce experiences development and delivery model. AppTech maintains exclusive licensing and partnership agreements in addition to a full suite of patented technology capabilities. For more information, please visit www.apptechcorp.com.

Forward-Looking Statements

This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will" and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company's control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

Investor Relations Contact

Michael Kim/Brooks Hamilton
737-289-0835
APCX@mzgroup.us

AppTech Payments Corp.

info@apptechcorp.com
760-707-5959

AppTech Payments Corp. (APCX) is a featured tech stock on

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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: AppTech Payments Corp. (APCX) is a paid featured tech stock on Investor ideas (monthly effective December 2022) More disclosure:. 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/ and tickertagstocknews.com 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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Breaking #AI #Stock News: GBT Technologies, Inc. (OTCPK: $GTCH) & Bannix Acquisition Corp. Announce Execution of Patent Purchase Agreement; @gbtt_inc

Breaking #AI #Stock News: GBT Technologies, Inc. (OTCPK: $GTCH) & Bannix Acquisition Corp. Announce Execution of Patent Purchase Agreement; @gbtt_inc

Bannix to Acquire GBT’s Apollo IP to Enhance Autonomous Vehicle Perception and Mapping Purchase Price of $42,500,000 to be paid in shares of Preferred Stock

LOS ANGELES, CA- August 15, 2023 (Investorideas.com Newswire) Bannix Acquisition Corp. (NASDAQ : BNIX) and GBT Technologies Inc. (OTC PINK: GTCH), a leading developer of innovative wireless communication products and services through GBT Tokenize Corp. ("Tokenize"), which GTCH holds 50% of, today announced that they entered into a definitive Patent Purchase Agreement pursuant to BNIX acquiring the Apollo IP system for $42,500,000 payable in shares of Preferred Stock of BNIX.

Read this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2023/08151Patent-Purchase-Agreement.asp

The Apollo IP system, which consists of four (4) granted patents and one (1) pending, is a revolutionary radio frequency-based computer vision technology that, upon full development, can provide autonomous vehicles with superior perception and mapping capabilities in all lighting conditions and weather. The Apollo IP system uses radio waves to transmit and receive data from objects in the environment. This data is then processed by advanced artificial intelligence algorithms to create a 3D image of the surrounding area. The Apollo IP system is able to detect objects at longer distances and with greater accuracy than traditional optical sensors, cameras and LiDAR. It is also not affected by lighting conditions or weather, making it ideal for autonomous vehicles that operate in a variety of environments. It may enable BNIX to provide its customers with the most advanced autonomous vehicle perception technology available.

"We are excited to enter this agreement with Bannix through Tokenize," said Mansour Khatib, CEO of GBT Technologies. "We believe this technology is a potential game-changer for the autonomous vehicle industry. It is our goal to allow BNIX customers to develop safer, more reliable autonomous vehicles that can operate in any environment."

Added Steven Lake, founder and CEO of Evie Autonomous Group, "The time is now to deliver world-class automation, robotics, and AI to off-highway environments. This combination will accelerate our progress and bring our proven solutions and technology to the attention of partners around the globe. I am excited to work with Bannix to improve productivity, profitability, and safety in multiple sectors."

The Apollo system asset purchase is expected to close in the fourth quarter of 2023. The purchase price for the Apollo system is $42.5 million, which will be paid in shares of BNIX Series A Preferred Stock. Tokenize agreed with BNIX that in no event the consideration will be less than $30,000,000 which then may give Tokenize the option to cancel the agreement.

No assurances can be made that the proposed transactions will be consummated on the terms or timeframe currently contemplated, or at all. Any transaction would be subject to board and shareholder approval of both companies, regulatory approvals and other customary conditions. Moreover, there is no guarantee that the BNIX, Evie Autonomous Group, GBT Technologies and/or Tokenize will be successful in researching, developing or implementing this system. There is no guarantee that the parties will be successful in any or all of these critical steps.

About Bannix Acquisition Corp.

Bannix Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

About Evie Autonomous

Evie Autonomous Limited is a business incorporated in England & Wales based in Stoke-on-Trent. It was founded by Mr. Steven Lake who is involved in motorsport and has built several successful global businesses within the Tier 1 automotive supply chain to blue chip OEMs and includes supplying FIA and NASCAR. Evie Autonomous has the mission to accelerate the transformation from low level autonomy to safer, cleaner fully autonomous movement of people and goods. The Evie Autonomous journey began five years ago in the R&D sector, producing complete systems at low-cost, and now is seeking to expand and grow globally, mile by self-driving mile.

About GBT Technologies

GBT Technologies, Inc. (OTC PINK: GTCH) ("GBT") (http://gbtti.com) is a development stage company which considers itself an expert in the areas of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT's mission is to license technology and IP to synergistic partners in the areas of hardware and software. Once commercialized, it is GBT's goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT's vision is to produce this system as a low cost, secure, private-mesh-network between all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

Forward-Looking Statements

This press release and oral statements made from time to time by representatives of the Company may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to the Company or its management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Additional Information and Where to Find It

If a definitive agreement is entered into in connection with the proposed transaction, Bannix will prepare a proxy statement (the "Proxy Statement") to be filed with the United States Securities and Exchange Commission (the "SEC") and mailed to its stockholders. Bannix urges its investors and other interested persons to read, when available, the Proxy Statement, as well as other documents filed with the SEC, because these documents will contain important information about the proposed transaction. The Proxy Statement, once available, can be obtained, without charge, at the SEC's website (http://www.sec.gov).

No Offer or Solicitation

This release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of any business combination. This release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended.

Participants in the Solicitation

Bannix and certain of its respective directors and executive officers may be deemed to be participants in the solicitation of proxies, in favor of the approval of the proposed transaction related matters. Information regarding Bannix's directors and executive officers is contained in the section of Bannix's Form 10-K for the year ended December 31, 2022 filed with the SEC on April 11, 2023. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement and other relevant documents filed with the SEC when they become available.

Contact:

Bannix Acquisition Corp.
Doug Davis, CEO
(323) 682-8949
doug.davis@bannixacquisition.com

GBT Technologies, Inc.
Mansour Khatib, CEO
info@gbtti.com

GBT Technologies Inc. (OTCQB:GTCH) is a featured tech stock on Investorideas.com

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Get News Alerts on GBT Technologies Inc GTCH

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Thursday, August 10, 2023

Breaking #Fintech #Stock News: AppTech (NASDAQ: $APCX) Executes Agreement to Expand Launch of #MobiletoMobile #PaymentSystem to #Mexico and #Brazil Enabling Cross-Border Remittance; @AppTechCorp

Breaking #Fintech #Stock News: AppTech (NASDAQ: $APCX) Executes Agreement to Expand Launch of #MobiletoMobile #PaymentSystem to #Mexico and #Brazil Enabling Cross-Border Remittance; @AppTechCorp

CARLSBAD, CA - August 10, 2023 (Investorideas.com Newswire) AppTech Payments Corp. ("AppTech") (NASDAQ: APCX), a leading specialty payments company, today announced the amendment of its Strategic Partnership Agreement with InstaCash, Inc. ("InstaCash"). The amendment will extend InstaCash's mobile-to-mobile payment system license to Brazil and Mexico.

Read this in full at https://www.investorideas.com/CO/APCX/news/2023/08101Mobile-to-Mobile-Payment-System.asp

"The extension of our agreement with InstaCash further reinforces AppTech's differentiated Fintech platform, as we continue to scale globally," said Luke D'Angelo, Chief Executive Officer of AppTech.

InstaCash, Inc. is a peer-to-peer instant payment app similar to Venmo, Zelle, and Cash App but will offer cross-border remittance, lower transfer fees and more advanced security protocols. The payment system will facilitate consumer-to-consumer or person-to-person ("P2P") transactions. Customers will be able to send instant payments by mobile phone to friends and family while traditional methods such as Western Union allow customers to pay in-store.

AppTech will develop mobile and web-based applications for the contactless payment system, which will feature digital banking services and debit card solutions. AppTech will also provide user support services and maintains an equity stake in InstaCash. Please visit instacash.cash to receive launch alerts.

About AppTech Payments Corp

Forward-Looking Statements

Investor Relations Contact

Michael Kim/Brooks Hamilton
737-289-0835
APCX@mzgroup.us

AppTech Payments Corp.

info@apptechcorp.com
760-707-5959

SOURCE: AppTech Payments Corp.

AppTech Payments Corp. (APCX) is a featured tech stock on

Investorideas.com

More info on APCX at Investorideas.com Visit: https://www.investorideas.com/CO/APCX/

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About Investorideas.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. Public companies within the sectors we cover use our news and content services to tell their story to interested investors. Paid for content is disclosed.

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Tuesday, August 15, 2023

#AIEye #Podcast: #AI #Stocks in the News: (OTCPINK: $GTCH) (NasdaqCM: $BNIX) (NYSE: $IBM)

Breaking #Fintech #Stock News: AppTech Payments Corp. (NASDAQ: $APCX) Reports Second Quarter 2023 Results; @AppTechCorp

Breaking #AI #Stock News: GBT Technologies, Inc. (OTCPK: $GTCH) & Bannix Acquisition Corp. Announce Execution of Patent Purchase Agreement; @gbtt_inc

Thursday, August 10, 2023

Breaking #Fintech #Stock News: AppTech (NASDAQ: $APCX) Executes Agreement to Expand Launch of #MobiletoMobile #PaymentSystem to #Mexico and #Brazil Enabling Cross-Border Remittance; @AppTechCorp