logo
Multicorp International, Inc.

Multicorp International, Inc.

AGOURA HILLS, CALIFORNIA, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Multicorp International, Inc. (OTC Markets Pink Sheets) and 40 Brightwater LLC are pleased to announce that Muticorp International Inc. has received a $50,000,000 (fifty million USD) loan guarantee from Edwards Capital N.A. LLC's correspondent bank.
40 Brightwater LLC has arranged for the necessary collateral needed to close the loan to be transferred to Edwards Capital N.A. LLC's correspondent bank, with the loan itself anticipated to close within 30 days of the bank's receipt of the collateral.
About Multicorp International, Inc.:
MultiCorp International, Inc. a diversified leader in health, energy and agriculture, announces a series of strategic initiatives aimed at accelerating its growth and expanding its market presence. The company is actively pursuing joint ventures and acquisitions, is fortifying its organizational infrastructure and is preparing for significant advancements in the stock market.
About Edwards Capital N.A. LLC:
Edwards Capital is a private Family Office focused on comprehensive, proactive, and robust solutions in the enhancement of private wealth based on robust strategic initiatives in and approaches to specific asset classes and financial markets. The Office is dedicated to pursuing optimal bespoke solutions to achieve the best outcomes with consistent results.
About 40 Brightwater LLC:
40 Brightwater LLC is a private holding company focusing specifically on acquiring private entities and merging its holdings with public companies by leveraging its financial network and resources through its Managing Member, President & CEO Shannon Newby.
Disclaimer
This press release does not constitute an offer to sell or solicit an offer to buy, nor will there be any sale of these securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful before registration or qualification under applicable securities laws. Any offer will be made only through a prospectus supplement and accompanying base prospectus as part of an effective registration statement.
Contact Information
This draft press release is for informational purposes only and should not be considered investment advice or a solicitation to purchase securities.
Forward-looking statements are not guarantees of future performance. These statements are based on current expectations and could differ materially from actual events.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AI in Africa to Top $16.5B by 2030: Mastercard Explores Path for Continued Digital Transformation
AI in Africa to Top $16.5B by 2030: Mastercard Explores Path for Continued Digital Transformation

Business Wire

time31 minutes ago

  • Business Wire

AI in Africa to Top $16.5B by 2030: Mastercard Explores Path for Continued Digital Transformation

NAIROBI, Kenya--(BUSINESS WIRE)--Mastercard has today released its latest whitepaper, Harnessing the transformative power of AI in Africa, a pan-African study of the continent's readiness, opportunity and roadmap for responsible artificial intelligence (AI) adoption. The whitepaper provides detailed insights into how AI—if deployed responsibly and inclusively—can unlock transformative outcomes across the continent's major industries, including agriculture, healthcare, education, energy and finance. With Africa's AI market projected to grow from USD 4.5 billion in 2025 to USD 16.5 billion by 2030 according to a recent report from Statista, the paper presents a clear case for multi-stakeholder collaboration and investment. It highlights how Africa's unique demographics, mobile-first infrastructure and entrepreneurial spirit position it as an active architect of the future. Mark Elliott, division president, Africa at Mastercard, commented: 'Africa's engagement with AI is already reshaping lives — not just in labs, but in farms, clinics and classrooms. To unlock its full potential, we need investment in infrastructure, data, talent, and policy. At Mastercard, we believe responsible, locally rooted AI can drive inclusive growth and connect more people to opportunity.' The whitepaper outlines the potential positive impact of AI on digital infrastructure, policy and governance, research and development, local language processing and investment into Africa. It also explores how AI can accelerate job creation, with up to 230 million digital jobs projected by 2030, and increase access to formal finance through AI-enabled credit scoring and fraud prevention. Greg Ulrich, chief AI and data officer, Mastercard, said: 'AI is only as powerful as the trust behind it. At Mastercard, we're committed to building AI that's responsible, inclusive, and built to bring value to our customers, partners and employees. This isn't just innovation—it's innovation with integrity.' Regional highlights covered in the whitepaper include: South Africa: South Africa attracted USD 610 million in AI-focused venture capital in 2023, with total AI investment expected to reach USD 3.7 billion by 2030. With the highest data and infrastructure readiness in Africa, the country is solidifying its role as a continental leader in AI research and application. It is home to the Artificial Intelligence Institute of South Africa which serves as a gateway for students and professionals to access world-class education, research and industry news. National plans aim to develop up to 300 AI start-ups and train 5,000 AI professionals by 2030, creating the foundation for a vibrant, homegrown AI ecosystem. Kenya: An emerging leader in AI innovation, Kenya has leveraged its 'Silicon Savannah' status to securely deploy AI across sectors. Platforms like Tala use mobile data for credit scoring, while Jacaranda Health's UlizaLlama, an AI-powered chatbot, provides maternal health support in five local languages. The newly launched National AI Strategy (2025–2030) outlines the government's commitment to positioning Kenya as a regional leader in AI research and development, innovation and commercialization for socioeconomic development. Nigeria: Nigeria ranks second in the number of AI startups in Africa and secured USD 218 million in VC investment in 2023. As one of Africa's most dynamic AI ecosystems, Nigeria is using AI to personalize learning (Rising Academies), deliver microfinance via and strengthen governance with AI tools that monitor public fund allocation. With a $1.4 billion projected AI market size by 2025, the government's proactive approach, combined with growing private-sector innovation, suggests promising growth in AI applications. Morocco: An emerging AI hub in North Africa, Morocco is advancing AI adoption across healthcare, energy, agriculture, and finance. Institutions such as Mohammed VI Polytechnic University and DeepEcho are driving local innovation, while the MoroccoAI Annual Conference is shaping national dialogue on the future of AI. Under its Digital 2030 strategy, Morocco aims to attract USD 1.1 billion in investment and create 240,000 digital jobs by 2030. Despite this progress, the whitepaper warns that data fragmentation, language exclusion and regulatory inconsistency could deepen the digital divide. Harnessing the potential of AI in Africa will be instrumental in accelerating financial inclusion and driving the continent's digital and economic growth. Strategic collaborations between governments, fintechs, and global partners will be key to unlocking AI's full impact. Mastercard's whitepaper draws on insights from leading African technologists, policymakers, academics and entrepreneurs, including interviews with UNESCO, the African Center for Economic Transformation, and fintech leaders across the region. To download the full whitepaper, click Editor's Note 'Harnessing the transformative power of AI in Africa' has been written by White Paper Media Consulting (WPM) in partnership with the Mastercard EEMEA team. The findings and outcomes presented in this paper are based on interviews of various key stakeholders named in the report. These were put into perspective with contextual research by WPM. Markets covered include Kenya, Morocco, Nigeria and South Africa. Infographic and report design is by WPM. About Mastercard Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

Nexscient Signs Letter of Intent to Acquire Flipside AI
Nexscient Signs Letter of Intent to Acquire Flipside AI

Miami Herald

timean hour ago

  • Miami Herald

Nexscient Signs Letter of Intent to Acquire Flipside AI

Expanding Nexscient's Global Portfolio of AI-Powered Platforms and Services LOS ANGELES, CA / ACCESS Newswire / August 6, 2025 / Nexscient, Inc. (OTCQB:NXNT), a leading innovator in artificial intelligence ("AI") applications and intelligent enterprise solutions, announced today that it has executed a non-binding Letter of Intent (LOI) to acquire substantially all of the assets of Flipside Digital Content Company, Inc., a Philippines-based provider of high-quality data labeling, annotation, and digital transformation services ("Flipside AI"). This acquisition marks a significant step in Nexscient's strategy to build a global portfolio of AI-powered platforms and services. Under the terms of the LOI, Nexscient will acquire substantially all of Flipside AI's operating assets for a total consideration of approximately $5.94 million, consisting of a combination of cash, a convertible debenture, and Nexscient restricted common stock. In addition to assuming key operating liabilities, Nexscient will also make a capital investment over subsequent years to support Flipside AI's continued growth and expansion. As part of the transaction, Flipside President and CEO Anthony De Luna will enter into a five-year executive employment agreement and continue leading the newly formed subsidiary. He will also be appointed to the Board of Directors of Nexscient, Inc. "We are thrilled to welcome Flipside AI into the Nexscient family," said Fred E. Tannous, President and CEO of Nexscient, Inc. "This acquisition enhances our capabilities in data labeling and annotation - key components of the AI data training pipeline. Generating over $9.2 million in revenues over the last four years from clients all around the world, Flipside AI's proven expertise and scalable operations in Southeast Asia will accelerate our global expansion while deepening our commitment to supporting enterprise AI across industries including healthcare, agriculture, automotive, and robotics." "Joining Nexscient represents an exciting new chapter for Flipside," added Anthony De Luna, President and CEO of Flipside AI. "This partnership provides the strategic capital, international platform, and executive leadership to take our AI data services business to new heights. Together, we aim to become a global force in providing transformative data solutions." The global AI data training market is projected to grow substantially, rising from an estimated $12.7 billion in 2024 to $92.4 billion by 2034, reflecting a compound annual growth rate (CAGR) of 22%1. This surge closely mirrors the anticipated increase in AI system spending worldwide, which is expected to reach $632 billion by 2028, representing a 29% CAGR over the 2024-2028 forecast period2. In parallel, the global data annotation tools market, valued at $2.02 billion in 2023, is forecasted to expand at a CAGR of 31.1%, reaching $23.11 billion by 20323. These trends underscore the critical role of high-quality data in scaling AI capabilities across industries. 1 Data Labeling Solution and Services Market, FactMR (Apr. 2024) 2 Worldwide Artificial Intelligence Systems Spending Guide, IDC (Aug. 2024) 3 Data Annotation Tools Market, Astute Analytica, (Nov. 2024) About Nexscient, Inc. Nexscient [OTCQB: NXNT] is an emerging-growth company that's building a global collaborative network of intelligent enterprise applications and technologies through internal development, synergistic acquisitions, and capital investments in companies involved in machine learning, artificial intelligence, and the Industrial Internet of Things technologies. As part of our growth strategy, we also seek to acquire and integrate synergistic AI and machine learning companies and technologies into our collaborative network, further expanding our service offerings while enhancing shareholder value. For more information, please visit About Flipside Digital Content Company, Inc. Flipside AI is a premier data engineering company that blends top-tier human expertise with advanced technologies to deliver high-quality data annotation and transformation services. We empower global enterprises across diverse industries to unlock the full potential of their data, enabling them to develop fast, accurate, and scalable AI applications. For more information, please contact us at flipside@ Forward-Looking Statements This release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Nexscient, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy; and (iv) performance of our products and services. You can identify these statements by the use of the words "may," "will," "could," "should," "would," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "forecast," "probable," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Nexscient's ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, Forms 10-Q and 8-K, and in other filings we make with the Securities and Exchange Commission from time to time. These documents are available on the SEC Filings section of the Investor Relations section of our website at The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made. ####### COMPANY CONTACT: Nexscient, E. Tannous, President & CEOEmail: press@ +1 (310) 494-6620Web: SOURCE: Nexscient, Inc.

Forex Calculator: Plan Your Trades with Precision at 4XCM
Forex Calculator: Plan Your Trades with Precision at 4XCM

Time Business News

timean hour ago

  • Time Business News

Forex Calculator: Plan Your Trades with Precision at 4XCM

Trading forex without accurate calculations is like sailing without a compass. Every successful trader knows that precision is key when dealing with fast-moving currency pairs, margin requirements, pip values, and leverage. That's why using a forex calculator is one of the smartest decisions you can make. At 4XCM, our forex calculator is designed to help you plan each trade with clarity. Whether you are calculating your profit and loss, determining margin requirements, or estimating your swap costs, our calculator is the perfect tool for both beginners and experienced traders. A forex calculator is a digital tool that helps traders perform quick and accurate calculations for important trading metrics. It is used to compute pip value, required margin, position size, swaps, and profit or loss for a given trade. This allows traders to manage risk effectively and enter trades with confidence. Unlike manual calculations or spreadsheets, a forex calculator provides instant, real-time answers based on the current market rates. The 4XCM forex calculator is specially built for simplicity and speed. It is available to all users directly on our platform, completely free of charge. Our calculator ensures that you make every trade with a clear understanding of your financial exposure. Here's why 4XCM's calculator stands out: Easy-to-use interface Multiple calculation options in one place Supports all major currency pairs Real-time price integration Works seamlessly on mobile and desktop devices The calculator at 4XCM is designed to support several trading needs. Below are the main types of forex calculations you can perform using our tool: Find out how much a pip movement is worth in your account currency. This helps you determine potential gains or losses for each pip movement, depending on your position size. Calculate the exact margin required to open a position, based on your trade size, leverage, and the selected currency pair. Estimate the overnight interest (swap) cost or credit that you will receive or pay when you hold a trade open overnight. Quickly calculate the potential profit or loss from a trade using your entry price, exit price, and lot size. These calculations help you make informed decisions about every trade before placing it on the market. Using the 4XCM forex calculator is straightforward. Here's a quick guide: Choose from pip, margin, swap, or profit calculators depending on what you need to compute. Enter the necessary trading parameters such as: Currency pair Account currency Trade size (lot) Leverage Entry and exit prices Once the data is entered, the calculator provides instant results. This lets you know your potential risk, margin requirement, and expected outcome before executing your trade. Let's say you want to trade 1 lot of EUR/USD with a leverage of 1:100. Your account is in USD, and the entry price is 1.1000 while your target exit price is 1.1050. When you input these values into the 4XCM profit calculator, you instantly get: Pip Value: $10 Profit: $500 (if price reaches your target) Margin Required: $1,100 This makes it easier to plan your trade and manage your risk appropriately. One of the most important rules in forex trading is managing your risk. Traders who calculate their margin, pip value, and potential loss before a trade are more likely to remain consistent in the long run. The 4XCM forex calculator helps you stay in control of your risk by: Avoiding over-leveraged positions Planning stop-loss and take-profit points Managing account exposure accurately Understanding margin calls in advance Instead of guessing or reacting emotionally, you make data-driven decisions every time. Accurate calculations using live market data Multiple tools in one interface Instant results for better decision-making Perfect for both new and experienced traders Free access to all users Whether you trade daily or occasionally, this calculator helps you stay prepared. 1. Is the forex calculator free to use? Yes, the 4XCM forex calculator is free for all traders and can be accessed without logging in. 2. Does it support all currency pairs? Yes, you can use it with all major, minor, and exotic forex pairs. 3. Can I use it on my phone? Yes, the calculator works smoothly on both mobile and desktop devices. 4. How often are the prices updated? The calculator uses real-time market prices for maximum accuracy. 5. Do I need a 4XCM account to use the calculator? No account is required, but having one allows you to trade directly with the values you calculate. Success in forex trading depends on strategy, discipline, and accuracy. The 4XCM forex calculator is designed to provide traders with a smarter way to plan and execute trades. Whether you want to measure pip value, margin, or profit potential, our calculator offers all the tools you need in one place. Take the guesswork out of your trading. Visit the 4XCM Forex Calculator and see how easy it is to plan your next move with confidence. TIME BUSINESS NEWS

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store