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NYSE:ROLR

High Roller Schedules Conference Call to Discuss First Quarter 2025 Financial Results and Business Update

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Las Vegas, Nevada, May 07, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the premium online casino brands High Roller and Fruta, today announced that the Company will host a conference call regarding its first quarter 2025 financial results and business update on May 15, 2025 at 4:30 PM Eastern Time (ET).

To join the live conference call, please dial 877-405-1216 (U.S. and Canadian callers) or +1 201-689-8336 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participants can also click this link for instant telephone access to the event. The link will become active approximately 15 minutes prior to the start of the conference call. The conference ID# is 13753785.

Participating on the call will be Ben Clemes, CEO of High Roller Technologies and Seth Young, SVP Corporate Strategy & Investor Relations, who will discuss upcoming strategic initiatives and financial highlights for the quarter ended March 31, 2025. Management will also be available for a Q&A session during the call after Company remarks.

About High Roller Technologies, Inc.

High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.

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As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.

Forward Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Contact
[email protected]
800-460-1039

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NYSE:ROLR

High Roller Reports Q2 2025 Results

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  Q2 2025 revenue increased 20% YoY to $6.9 million, H1 2025 revenue increased 11% YoY to $13.7 million
  Significant turnaround from Q1 as strategic optimization and realignment initiatives delivered increased revenue, decreased operating costs, and positive Adjusted EBITDA of $362 thousand
  Key achievements support positive outlook for Company performance and financial results
  Strong tailwinds as Company trends towards H2 2025 launch in Ontario, world’s 6th largest regulated online gambling market

Las Vegas, Nevada, Aug. 12, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of premium online casino brands High Roller and Fruta, today reported its financial results for the second quarter ended June 30, 2025. High Roller currently offers more than 5,600 games from over 90 game providers, representing one of the widest online casino game portfolios in the world, including video slots, blackjack, roulette, baccarat, craps, video poker, and more.

Ben Clemes, Chief Executive Officer at High Roller Technologies, commented, “High Roller had a solid second quarter, and I am thrilled that our strategic plan is beginning to deliver the intended results. After embarking upon our strategic realignment in Q1, High Roller was able to achieve positive adjusted EBITDA in Q2, underpinned by increased revenue, optimized marketing spend, and the realization of significant cost efficiencies. This tremendous outcome reinforces our belief in the business and its future prospects.”

Throughout Q2, High Roller’s strong execution has led to consistent improvement in key performance indicators across all business operations, most notably in Finland, one of the core markets of focus. Further, the Company continued to significantly strengthen its executive leadership team with experienced key hires as part of laying the groundwork for its long-term, sustainable growth.

“Looking forward, we believe launching in Ontario will be transformative for High Roller, particularly in the context of our partnership with SpikeUp Media,” said Clemes. “We’re also exploring other interesting strategic opportunities for further expansion. The Company is entering a new era, and our confidence in High Roller’s future is at an all-time high.”

Q2 2025 Highlights

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  The Company strengthened its leadership team with the hiring of Sarah Stienon (Chief Legal & Compliance Officer), Adam Felman (Chief Financial Officer), Seth Young (Chief Strategy Officer), Sara Nunes (Managing Director & Chief Commercial Officer, Finland), and Carlo Scappaticci (Managing Director, Canada). 
  Significantly decreased operating expenses and significantly slowed cash burn by optimizing marketing strategies, streamlining operating costs.
  Average Revenue Per User (“ARPU”) increased approximately 80% QoQ.
  Announced a strategic technology partnership with Playtech to enter Ontario’s regulated online casino market, with launch anticipated H2 2025.
  High Roller added 330 new games, bringing its leading portfolio to over 5,600 games from over 90 providers.
  Commenced a brand refresh and revitalization of High Roller and Fruta in anticipation of regulated market expansion.
  Finalized preparations to launch a third, locally anchored brand in Q3 as part of the Company’s strategic focus.
  Re-optimization and reallocation of marketing spend in Q2 generated a 65% YoY increase in Finland Net Gaming Revenue from the previous 6-month corresponding period ending June 30, 2024, leading into a regulated market pre-application process.
  Announced the selection of XPoint for geolocation services; Checkin.com for ID Verification services; content partnership with Gaming Realms; and partnership with Kinectify to strengthen AML compliance in Ontario.


Second Quarter 2025 Financial Summary

  The Company reported total revenue of $6.9 million for the second quarter ended June 30, 2025, an increase of 20%, as compared to $5.8 million during the same quarter that ended June 30, 2024, and an increase of approximately 2% as compared to the first quarter ended March 31, 2025.
  The Company reported Adjusted EBITDA of $362 thousand for the three months ended June 30, 2025, compared to an Adjusted EBITDA loss of $931 thousand for the three months ended June 30, 2024, and an Adjusted EBITDA loss of approximately $2.5 million for the three months ended March 31, 2025.
  The Company reported adjusted earnings per share of $0.04 for the three months ended June 30, 2025, compared to adjusted loss per share of ($0.13) for the three months ended June 30, 2024, and adjusted loss per share of ($0.30) for the three months ended March 31, 2025.
  Cash and cash equivalents totaled approximately $3.6 million, $934 thousand of which is restricted as of June 30, 2025, as compared to $4.5 million, $1.0 million of which was restricted, as of March 31, 2025.


Financial Results

Additional information with respect to the Company’s business, operations and financial condition as of and for the three months ended June 30, 2025, is contained in the Company’s Quarterly Report on Form 10-Q for the three month period ended June 30, 2025, which has been filed with the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov.

About High Roller Technologies, Inc.

High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,600 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.

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As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations websiteXFacebook, and LinkedIn pages.

Forward Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include such factors as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact:
[email protected]
800-460-1039

 HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Unaudited)

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    For the Three Months Ended     For the Six Months Ended  
    June 30,     June 30,  
(in thousands, except share and per share data)   2025     2024     2025     2024  
                                 
Revenues, net   $ 6,936     $ 5,803     $ 13,707     $ 12,310  
                                 
Operating expenses                                
Direct operating costs:                                
Related party     451       670       898       1,422  
Other     2,523       2,493       4,756       5,069  
General and administrative:                                
Related party     1       8       3       25  
Other     2,335       1,918       5,135       4,607  
Advertising and promotions:                                
Related party     258       162       984       355  
Other     1,492       1,678       4,904       3,523  
Product and software development:                                
Related party           57             147  
Other     378       297       741       467  
Total operating expenses     7,438       7,283       17,421       15,615  
Loss from operations     (502 )     (1,480 )     (3,714 )     (3,305 )
                                 
Other expenses                                
Interest expense, net     (53 )     (24 )     (99 )     (50 )
Other (expense) income                 (1 )     2  
Total other expenses     (53 )     (24 )     (100 )     (48 )
                                 
Loss before income taxes     (555 )     (1,504 )     (3,814 )     (3,353 )
Income tax expense     37             54        
Net loss   $ (592 )   $ (1,504 )   $ (3,868 )   $ (3,353 )
                                 
Other comprehensive loss                                
Foreign currency translation adjustment     (80 )     (40 )     (32 )     (128 )
Comprehensive loss   $ (672 )   $ (1,544 )   $ (3,900 )   $ (3,481 )
                                 
Net loss per common share:                                
Net loss per common share – basic and diluted   $ (0.07 )   $ (0.21 )   $ (0.46 )   $ (0.48 )
Weighted average common shares outstanding – basic and diluted     8,408,820       7,012,430       8,402,945       7,001,102  

 HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

    As of     As of  
    June 30,     December 31,  
(in thousands, except share and per share data)   2025     2024  
    (Unaudited)          
Assets                
Current assets                
Cash and cash equivalents   $ 2,682     $ 6,869  
Restricted cash     934       1,085  
Prepaid expenses and other current assets     239       825  
Total current assets     3,855       8,779  
Due from affiliates     1,331       1,624  
Property and equipment, net     412       372  
Operating lease right-of-use asset, net     931       910  
Intangible assets, net     5,728       4,899  
Other assets     51       41  
Total assets   $ 12,308     $ 16,625  
                 
Liabilities and stockholders’ equity                
Current liabilities                
Accounts payable   $ 874     $ 1,560  
Accrued expenses     4,390       4,307  
Player liabilities     1,018       662  
Due to affiliates     2,423       3,406  
Short-term unsecured notes payable to stockholders           90  
Operating leases obligation, current     175       143  
Total current liabilities     8,880       10,168  
Other liabilities     61       7  
Operating lease obligation, noncurrent     737       729  
Total liabilities     9,678       10,904  
Stockholders’ equity                
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of June 30, 2025 and December 31, 2024            
Common stock, $0.001 par value; 60,000,000 shares authorized; 8,460,675 shares and 8,350,882 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively     8       8  
Additional paid-in capital     32,366       31,557  
Accumulated deficit     (31,011 )     (27,143 )
Accumulated other comprehensive income     1,267       1,299  
Total stockholders’ equity     2,630       5,721  
Total liabilities and stockholders’ equity   $ 12,308     $ 16,625  

 HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
GAAP NET LOSS TO NON-GAAP ADJUSTED EBITDA

Non-GAAP Financial Measures

This Report includes Adjusted EBITDA and Adjusted Earnings (Loss) Per Share, which are non-GAAP financial measures that we use to supplement our results presented in accordance with U.S. GAAP. We believe Adjusted EBITDA and Adjusted Earnings (Loss) Per Share are useful in evaluating our operating performance, similar to measures reported by our publicly-listed U.S. competitors, and regularly used by security analysts, institutional investors and other interested parties in analyzing operating performance and prospects. Adjusted EBITDA and Adjusted Earnings (Loss) Per Share are not intended to be a substitute for any U.S. GAAP financial measure. As calculated, they may not be comparable to other similarly titled measures of performance of other companies in other industries or within the same industry.

We define and calculate Adjusted EBITDA as net income (loss) before the impact of interest income and expense, income tax provision or benefit, and depreciation and amortization, and further adjusted for the following items: stock-based compensation; and other non-recurring and non-operating costs or income, as described in the reconciliation below.

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We define and calculate Adjusted Earnings (Loss) Per Share as basic earnings (loss) per share attributable to common stockholders before the impact of amortization of acquired intangible assets; stock-based compensation; and other non-recurring and non-operating costs or income, as described in the reconciliation below.

We include non-GAAP financial measures because they are used by management to evaluate our core operating performance and trends and to make strategic decisions regarding the allocation of capital and new investments. Adjusted EBITDA and Adjusted Earnings (Loss) Per Share exclude certain expenses that are required in accordance with U.S. GAAP because they are non-recurring items (for example, in the case of severance costs), non-cash expenditures (for example, in the case of amortization of acquired intangible assets, depreciation and amortization and stock-based compensation), or non-operating items which are not related to our underlying business performance (for example, in the case of interest expense).

    For the Three Months Ended June 30,     For the Six Months Ended June 30,  
(in thousands)   2025     2024     2025     2024  
                                 
Revenues   $ 6,936     $ 5,803     $ 13,707     $ 12,310  
Net loss     (592 )     (1,504 )     (3,868 )     (3,353 )
                                 
Add back items:                                
Stock-based compensation expense (1)     501       148       809       673  
Depreciation and amortization (2)     84       57       160       107  
Interest expense, net     53       24       99       50  
Income tax     37             54        
Foreign exchange transaction loss     151       250       329       715  
Other (3)     128       94       256       93  
Adjusted EBITDA   $ 362     $ (931 )   $ (2,161 )   $ (1,715 )
Adjusted EBITDA margin     5.22 %     (16.04 )%     (15.77 )%     (13.93 )%
Adjusted earnings (loss) per share     0.04       (0.13 )     (0.26 )     (0.24 )

    For the Three Months Ended March 31,  
(in thousands)   2025     2024  
                 
Revenues   $ 6,771     $ 6,507  
Net loss     (3,276 )     (1,849 )
                 
Add back items:                
Stock-based compensation expense (1)     308       525  
Depreciation and amortization (2)     76       50  
Interest expense, net     46       26  
Income tax     17        
Foreign exchange transaction loss     178       465  
Other (3)     128       (1 )
Adjusted EBITDA   $ (2,523 )   $ (784 )
Adjusted EBITDA margin     (37.26 )%     (12.05 )%
Adjusted loss per share     (0.30 )     (0.11 )

(1) Includes restricted shares, stock options, equity-settled restricted share units, cash-settled restricted share units and equity-settled performance-based restricted share units granted to employees and directors (including related employer payroll taxes).
(2) Includes amortization of intangible assets generated through business acquisitions and depreciation of property and equipment, amortization of contract costs, and amortization of internally developed software and other intangible assets. Excludes amortization of right of use assets.
(3) Includes severance costs and non-recurring compensation payments and gain/loss on disposal of assets.

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NYSE:ROLR

High Roller to Present at the Sidoti Micro-Cap Virtual Conference

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Las Vegas, Nevada, Aug. 08, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller and Fruta, today announced that it will be presenting at the Sidoti Micro-Cap Virtual Conference being held August 20-21, 2025.

Event: Sidoti Micro-Cap Virtual Conference
Presentation Time: Thursday, August 21, 2025, at 11:30AM ET (Track 1)
Location: WEBCAST LINK

During the presentation, High Roller’s management will provide a Company overview with recent highlights and upcoming catalysts. During the conference management will also be available for 1×1 meetings with registered investors.

About Sidoti Events, LLC (“Events”) and Sidoti & Company, LLC (“Sidoti”):

In 2023, Sidoti & Company, LLC, Sidoti & Company, LLC (www.sidoti.com) formed a sister company, Sidoti Events, LLC in order to focus exclusively on its rapidly growing conference business and to more directly serve the needs of presenters and attendees. The relationship allows Events to draw on the 25 years of experience Sidoti had as a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the 200 million-5 billion market cap range. Sidoti’s coverage universe comprises upwards of 200 names of which about one-third participate in the firm’s rapidly growing Company Sponsored Research (“CSR”) program. Events is a leading provider of corporate access through the eight investor conferences it hosts each year. By virtue of its direct ties to Sidoti, Event’s benefits from Sidoti’s small- and microcap-focused nationwide sales force, which has relationships with approximately 2,500 institutional clients in North America. This enables Events to provide multiple forums for meaningful interaction for small and microcap issuers and investors specifically interested in companies in the sector.

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About High Roller Technologies, Inc.

High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.

As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.

Forward Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

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[email protected]
800-460-1039

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NYSE:ROLR

High Roller Schedules Conference Call to Discuss Second Quarter 2025 Financial Results and Business Update

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Las Vegas, Nevada, July 24, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller and Fruta, today announced that the Company will host a conference call regarding its second quarter 2025 financial results and business update on August 12, 2025 at 4:30 PM Eastern Time (ET).

To join the live conference call, please dial 877-407-6176 (U.S. and Canadian callers) or +1 201-689-8451 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participants can also click this link for instant telephone access to the event. The link will become active approximately 15 minutes prior to the start of the conference call. The conference ID# is 13755026.

Participating on the call will be Ben Clemes, Chief Executive Officer of High Roller Technologies, Adam Felman, Chief Financial Officer, and Seth Young, Chief Strategy Officer, who will discuss second quarter financial highlights and upcoming corporate developments for the quarter ended June 30, 2025. Management will also be available for a Q&A session during the call after Company remarks.

About High Roller Technologies, Inc.

High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.

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As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.

Forward Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Contact
[email protected]
800-460-1039

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