Latest news with #ChrisGiordano
Yahoo
06-05-2025
- Business
- Yahoo
Maybacks Global Entertainment and Whale TV Launch iDreamCTV App Across Global Smart TV Platforms
Authentic Holdings Inc. LOS ANGELES, May 06, 2025 (GLOBE NEWSWIRE) -- via IBN -- Maybacks Global Entertainment, a subsidiary of Authentic Holdings, Inc. ( OTC PINK: AHRO ), in partnership with Whale TV ( https:// ), is proud to announce the launch of the iDreamCTV App to over 180 million users across Whale TV's global smart TV and digital device ecosystem. Whale TV will integrate Maybacks' FAST channel and VAST tag advertising directly within the iDreamCTV App, enabling a revenue-sharing model with top-tier global CTV/OTT advertising partners. This integration extends across major digital platforms including Roku (48% market share), Amazon Fire TV (28%), Apple TV (8.5%), and Android TV via Google Play. Chris Giordano, President of Authentic Holdings, stated: "This marks the beginning of a strategic alliance that not only drives significant revenue potential but also positions iDreamCTV in front of a global audience. As Whale TV-enabled Smart TVs power on, users will see iDreamCTV featured alongside major platforms such as Sky+, Netflix, Pluto TV, and Amazon Prime Video as one of Whale's preferred content partners in the Whale TV App Store" The partnership also includes a comprehensive rollout of Maybacks' VAST tag advertising program across Whale TV's expansive ecosystem, significantly amplifying the reach and monetization potential of the iDreamCTV platform. Maureen Cooper, Director of Programming, added: "With Whale TV's global footprint and our growing presence in the U.S. market, we believe this collaboration will place iDreamCTV and our advertising solutions in a strong position for long-term success. This is an exciting milestone for our team and shareholders as we enter a high-growth phase." Chris Giordano further stated our partnership with Whale TV is the beginning of iDreamCTV being monetized. There are several other major partnerships that will be announced in the very near future. We are excited about keeping our shareholders up to date as to the developments not only at Maybacks but also in our other subsidiaries in which major opportunities are now forming. For more information on our Whale TV - Smart TV APP profile, visit https:// . Safe Harbor Act Forward-Looking Statements: This release contains statements that constitute 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. 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 Authentic Holdings, 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. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company's financing being adequate for the Company to place its products in retail stores, execute its acquisition strategy, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Authentic Holdings, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Authentic Holdings, Inc.'s future revenues, financial performance or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Authentic Holdings, Inc., filings with the Securities and Exchange Commission at . SOURCE: Authentic Holdings, Inc. Wire Service Contact: IBN Austin, Texas 512.354.7000 Office Editor@
Yahoo
20-03-2025
- Business
- Yahoo
MiMedia Company Update Call Reminder
Zoom Call is Today, Thursday March 20th, at 4:00 PM EST New York, New York--(Newsfile Corp. - March 20, 2025) - MiMedia Holdings Ltd. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) ("MiMedia", "Company") will be hosting a company update call via zoom today, Thursday, March 20th, at 4PM EST, hosted by MiMedia CEO Chris Giordano. Management will provide additional information on the business impact of the recently announced partnerships. To register for the zoom, please click the following link: A conference call replay will be made available within 24 hours following the call on the Investor Relations section of the MiMedia website, found here: ----------------------------------------------------------------- About MiMedia: MiMedia Holdings Inc provides an AI based next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement, many of which are based on advanced and proprietary AI technologies. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world. For more information about MiMedia, visit: Notice regarding forward-looking statements: This release includes forward-looking statements regarding MiMedia, and their respective businesses, which may include, but is not limited to, statements with respect to the completion of a Transaction, appointment or any other decision made by the business. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of MiMedia. The for-ward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the MiMedia industry, failure to obtain regulatory or shareholder approvals, economic factors, the equity markets generally and risks associated with growth and competition. Although MiMedia have attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and MiMedia undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. For more information, please contact Chris Giordano or MiMedia Investor Relations at investors@ or (888) 502 - 9398. NEITHER THE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
19-03-2025
- Business
- Yahoo
Authentic Holdings, Inc. to Acquire Movie and Television Library in an $11 Million Transaction
MORRISTOWN, N.J., March 19, 2025 (GLOBE NEWSWIRE) -- via IBN -- Authentic Holdings, Inc (OTC:AHRO) to acquire Goliath Motion Pictures Entertainment for $11 million in an equity-based transaction. Chris Giordano stated: "To date 'Goliath' has been licensing to Maybacks Global Entertainment all of its content for the 35 channels it distributes globally on our streaming platforms and Over the Air broadcasting networks. "After careful examination of the relationship, the parties agreed that the strategic acquisition of the 40,000+ titles owned by Goliath was a natural metamorphosis between Maybacks and Goliath. Putting $11 million in assets on the balance sheet of Authentic Holdings is just one benefit. The long-lasting benefits and opportunities of owning the library is far more reaching than the asset itself and will provide Maybacks and Authentic Holdings with revenue growth and opportunities for years to come." Goliath owns priceless content of award-winning shows such as "In Living Color", "The Cosby Show", and Steven Spielberg's "Taken". In addition, the library consists of movies like "Open Range" starring Kevin Costner, "Blue Hawaii" starring Elvis Presley, as well as hundreds of documentaries and live concerts with "A-Listers" from both Hip Hop and Rock n Roll. To date licensing Goliath's content has helped us grow our market footprint, which in turn helped us attain an additional 8 ad agencies in the last 6 months to which now total 12 ad agencies selling ads on our networks. As a result, our ad rate card for a 30 second spot has exploded from $2.50 this time last year to $15.00 currently on prime-time spots. Licensing has served an invaluable purpose in getting us to where we are now. But acquiring the library made more sense than continuing to license for many reasons. In order to acquire the library, we first needed to attain an independent "valuation analysis" to qualify what the Goliath library was worth before being able to place it on our balance sheet per our "auditor". The analysis which took several months was completed in November of 2024 with the results exhibited in an 18-page report. The report valued the library at $14.8 MM and once signed off on we then filed an 8-K with the Securities and Exchange Commission. Subsequently, and after careful review of the valuation analysis, both parties agreed to a purchase price of $11 million which is to occur in the format of a Convertible Preferred Stock in Authentic Holdings, Inc. Inherently important is the stipulation that the Preferred be converted to common for three years from its issuance date and only up to 20% per annum may be converted in any given year, giving no immediate dilutive effects to shareholders. This will allow the Company to potentially grow substantially during that hiatus period while developing a more robust liquidity in its common equity. This action on the part of Goliath very much aligns itself with the same attitude towards shareholder value and commitment that was shown by the management of Authentic Holdings, which recently converted $2 million in debt owed its principals to performance-based equity. Maureen Cooper, the founder of Goliath Motion Pictures Entertainment, developed this massive library over the last 15 years. She is a warhorse of work ethic, and a stalwart of the industry. Her years of experience and Rolodex are part of the reason why our TV affiliate count went from 26 to 61 designated market areas (DMAS) over the last year. It is an absolute pleasure to have her leading the Maybacks team and fully committed to making Maybacks a standout in the Connected TV arena. As a result of the upcoming acquisition, we will be one of the few true "independent networks" that can provide other independent station owners with the valuable content they need so they can monetize their local audience(s) in the form of advertising dollars. This would be driven by ad related "revenue share" program with Maybacks Global Entertainment that would mutually benefits each party. There are hundreds of station owners that do not own content and are looking for a content provider. Enter Maybacks Global. We currently broadcast into most of the major markets and anticipate capturing and broadcasting into the balance of them over the next 12-24 months. Capturing all 20 major markets would have the effect of driving our rate card into the $50-$100 arena for a 30 second spot. And now Maybacks has the toolbox to leverage our growth for years to come and is on a growth trajectory when compared to where it was just 12 months ago. 2024 was a startup year for Maybacks, which had a respectable showing that will be disclosed in our upcoming 10-K. 2025, on the other hand, will be a time for significant growth for both content acquisition as well as a quantum leap in revenue for Maybacks. When the acquisition is completed in the near future an 8-K will be filed with the necessary exhibits with the Securities and Exchange Commission as required. This will also give our shareholders access to the details of the acquisition shedding further transparency on the terms of the acquisition. We are extremely excited about the Goliath acquisition and the opportunities it will create. Content is king and it is our belief that we are now carving a pathway to a formidable kingdom. Authentic Holdings, Inc., and its management team look forward to keeping all of our shareholders apprised of our progress and look forward to our next communication with you via a press release in the near future. About Authentic Holdings: Authentic Holdings combines entertainment, technology, and textiles to create a diverse portfolio of offerings. Their subsidiary Maybacks Global's collaboration with WiseDV underscores their commitment to innovation in the streaming industry. For more information, chrisg@ About Goliath Motion Pictures Productions, Inc: Goliath Motions Pictures Productions, Inc is an independent owner of over 40,000 movie and television shows. Goliath has been an independent distributor of its content for over 15 years to many independent station owners across the country. For more information, maureen@ Safe Harbor Act Forward-Looking Statements: This release contains statements that constitute 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. 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 Authentic Holdings, 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. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company's ability to execute its acquisition strategy, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Authentic Holdings, Inc's ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Authentic Holdings, Inc.'s future revenues, financial performance, or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Authentic Holdings, Inc, filings with the Securities and Exchange Commission at Wire Service Contact: IBN Austin, Texas 512.354.7000 Office Editor@ in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
Walmart Latin America and MiMedia Sign Major Strategic Partnership
MiMedia to be Integrated onto Millions of Smartphones with Walmart Subsidiary "Bait", the Fastest Growing and Third Largest Telecom Carrier in Mexico with 18.3M+ Subscribers Partnership to Include Collaboration and Integration with Walmart's Prolific Digital Ecosystem of Mobile Apps Targeting Entire Latin America Continent New York, New York--(Newsfile Corp. - March 17, 2025) - MiMedia Holdings Ltd. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3) ("MiMedia", "Company") is thrilled to announce the signing of a major strategic partnership with Walmart Latin America, a significant milestone for the Company. Chris Giordano, MiMedia CEO, noted: "Partnering with Walmart, the #1 company on the Fortune 500, and their largest international subsidiary in Latin America, is a major validator of the MiMedia value proposition, the size of our market opportunity, and the strength and quality of our technology platform. We are very excited to add such a high caliber partner to our strong and growing list of powerful players in the global Telecom and smartphone industries. We believe this agreement is just the start of what our two companies can do together in the future." Walmart Latin America is one of the largest retailers in Latin America with USD $48 billion+ in annual revenue (1) and 4K+ stores (1) in Mexico and Central America alone (not including other strongholds in region such as Chile). Walmart Latin America has also become a major purveyor of smartphones and telecom services via their Mexican subsidiary, known as Bait. Bait has quickly become the third largest provider of telecom services in Mexico in only five years since launch, growing to 18.3 million subscribers as of December 31st, 2024 (1). This spectacular growth has occurred within the 3K+ Walmart stores in Mexico (1), as shoppers purchase smartphones in store and sign-up for Bait's nationwide telecom service at point of sale. At this pace of growth, Bait could eclipse AT&T Mexico and become the second largest telecom provider in the country in 2025. As part of this partnership, MiMedia will be integrated on millions of new, Bait-procured smartphones to be sold to consumers in Mexico. Importantly, the MiMedia mobile app will also be pushed out as a download over the air ("OTA") update up to the existing 18.3 million of Android smartphones already in Bait consumer hands. Additionally, a concerted marketing effort will occur, both online and in stores, to induce millions of Walmart consumers to make the MiMedia and Bait cloud platform part of their daily lives. As a key component of the partnership, MiMedia will also collaborate with and integrate into the Walmart digital ecosystem of apps that serves the entire Latin America. Walmart's ecosystem consists of some of the continent's most used apps, including "Cashi" for digital payments (reported 5 million+ users) and "Salud" for healthcare (reported 2.5 million+ memberships (1)) among others. The connection of the MiMedia/Bait consumer cloud platform within the Walmart mobile app ecosystem can drive significant user engagement to the MiMedia platform and generate immediate revenue and cash flow. Walmart reported 46 million contactable customers in its "Digital Connection" database as of Q4 2024 (1), a massive number of users to be targeted for program participation. Mr. Giordano added, "Partnering with Walmart Latin America provides MiMedia with a reliable, rapidly growing pipeline of smartphones, which will be integrated with our platform as the devices' native media gallery. These devices will provide a constant pipeline of high margin, recurring revenue for both MiMedia and Walmart. We cannot wait to have Walmart's expansive consumer base enjoying all the incredible technologies offered within our platform and to become MiMedia and Walmart ecosystem users for years to come." Management will be conducting a Company update call via Zoom this Thursday, March 20th at 4PM EST, to provide additional information on the business impact of the Walmart partnership and other recent announcements. To register for the Zoom, please click this link: (1) ----------------------------------------------------------------- About MiMedia: MiMedia Holdings Inc. provides an AI based next-generation consumer cloud platform that enables all types of personal media to be secured in the cloud, accessed seamlessly at any time, across all devices and on all operating systems. The Company's platform differentiates with its rich media experience, robust organization tools, private sharing capabilities and features that drive content re-engagement, many of which are based on advanced and proprietary AI technologies. MiMedia partners with smartphone makers and telecom carriers globally and provides its partners with recurring revenue streams, improved customer retention and market differentiation. The platform services millions of engaged users around the world. For more information about MiMedia, visit: About Walmart: Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better - anytime and anywhere - in stores, online, and through their mobile devices. Each week, approximately 255 million customers and members visit more than 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2024 revenue of $648 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Additional information about Walmart can be found by visiting on Facebook at on X (formerly known as Twitter) at and on LinkedIn at Notice regarding forward-looking statements: This release includes forward-looking statements regarding MiMedia, and their respective businesses, which may include, but is not limited to, statements with respect to the completion of a Transaction, appointment or any other decision made by the business. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of MiMedia. The forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the MiMedia industry, failure to obtain regulatory or shareholder approvals, economic factors, the equity markets generally and risks associated with growth and competition. Although MiMedia have attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and MiMedia undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. For more information, please contact Chris Giordano or MiMedia Investor Relations at investors@ or (888) 502 - 9398. NEITHER THE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
05-03-2025
- Business
- Associated Press
Tenax Therapeutics Expands Phase 3 LEVEL Program, Advancing Two TNX-103 (Oral Levosimendan) Registrational Studies for the Treatment of PH-HFpEF
Amendment to Enlarge Phase 3 LEVEL Study, Increasing Statistical Powering, Accepted by FDA, Expected to be Fully Enrolled Around Year End 2025 Agreement by FDA to Initiate Second Global Phase 3 Study, LEVEL-2, with First Patient Expected to be Enrolled this Year CHAPEL HILL, N.C., March 05, 2025 (GLOBE NEWSWIRE) -- Tenax Therapeutics, Inc. (Nasdaq: TENX) ('Tenax Therapeutics' or the 'Company'), a Phase 3, development-stage pharmaceutical company using clinical insights to develop novel cardiopulmonary therapies, today announced the U.S. Food and Drug Administration (FDA) has completed their review of Tenax Therapeutics' updated Phase 3 development plan for TNX-103 (oral levosimendan), including an Amendment to expand enrolment and increase the power of the ongoing Phase 3 LEVEL study, and the protocol for LEVEL-2, Tenax Therapeutics' second registrational Phase 3 study. The Company today announced it expects to enroll 230 patients in the LEVEL study, increasing the statistical powering of the study to over 95%. LEVEL-2, a global study, is expected to commence in 2025. 'We are increasing our investment in the clinical development plan for TNX-103 by expanding the ongoing LEVEL study and accelerating our plans to initiate the second registrational study, LEVEL-2. With the momentum provided from our $100 million financing in August 2024 and alignment with the FDA, we are now able to execute on our plan to advance these two Phase 3 registrational studies for TNX-103 in parallel. LEVEL is enrolling well: we are confident that, with more than 50 North American sites already activated, we can complete enrollment of this upsized study around year end, while also commencing the global LEVEL-2 study later this year,' said Chris Giordano, President and Chief Executive Officer of Tenax Therapeutics. 'We expect these two registrational studies will satisfy the requirements, including the safety data expectations, to file in the U.S. and other geographies. We are funded well beyond our projected date for the release of topline LEVEL data, positioning us to advance the development of TNX-103 and improve the quality of life for patients living with PH-HFpEF.' LEVEL Study Expansion Enhances Statistical Power The LEVEL study, evaluating TNX-103 for the treatment of PH-HFpEF, will expand enrollment from 152 to at least 230 patients, increasing the statistical powering of the study. The Company is on track to enroll the first 150 subjects in the first half of 2025, expects to complete enrollment by around the end of 2025, and expects to present topline data from the LEVEL study in the middle of 2026. As of late February 2025, blinded LEVEL data reveal TNX-103 to be well-tolerated in patients with PH-HFpEF: >95% of patients who randomized have remained on therapy; >95% of patients who completed 12 weeks have elected to enter the OLE; and >95% of patients who entered the OLE have continued participation to this point. Tenax Therapeutics' Chief Medical Officer, Stuart Rich, MD, summarized: 'In addition to high rates of study and therapy continuation, the adherence to the TID regimen has been high, and no new safety signals have been detected. About half the patients in the OLE have been on study for over 6 months, a few of them for more than a year, with very reassuring participation levels observed during the OLE.' LEVEL-2: A Global Registrational Trial Additionally, Tenax Therapeutics received input from the FDA on the protocol for the LEVEL-2 study, and expects this second, global registrational clinical trial to evaluate levosimendan in patients with PH-HFpEF to start enrolling this year, in several countries. The primary endpoint of 6MWD will be assessed at 26 weeks. Tenax intends to enroll a larger sample than LEVEL and evaluate patients for a full year of double-blind, placebo-controlled therapy, providing FDA and European reviewers a robust safety database for their benefit/risk assessments. 'TNX-103 has the potential to meaningfully improve the quality of life of patients with PH-HFpEF, an underdiagnosed disease with significant unmet needs and no currently approved treatment options. I remain very hopeful that with positive Phase 3 results, these patients will finally have an approved treatment available,' said Dr. Rich. 'We are continuing to work closely with the FDA, and are grateful for their input, which enables Tenax to accelerate development timelines of a potential first therapy for this devastating form of PH.' About the Phase 3 LEVEL Study ( NCT05983250) The LEVEL Study is a Phase 3, double-blind, randomized, placebo-controlled study of oral levosimendan in patients with PH-HFpEF. Approximately 230 subjects will be randomized in a 1:1 ratio to receive an oral dose of levosimendan (2 mg/day) or placebo for Weeks 1 to 4 and 3 mg/day or placebo for Weeks 5 to 12. The primary outcome measure for the study is change in six-minute walk distance from Baseline to Week 12. All randomized subjects will have the option to enter the 92-week OLE following the completion of all study endpoints at Week 12. About the Phase 3 LEVEL-2 Study LEVEL-2 is a global Phase 3, double-blind, randomized, placebo-controlled study of oral levosimendan in patients with PH-HFpEF. Patients will be randomized to receive an oral dose of levosimendan (2mg/day) or placebo for Weeks 1 to 4 and 3mg/day or placebo from Week 5 onward. The primary endpoint of 6MWD will be assessed at 26 weeks. About Levosimendan (TNX-101, TNX-102, TNX-103) Levosimendan is a unique, potassium ATP channel activator and calcium sensitizer that affects the heart and vascular system through multiple mechanisms of action, and that is being developed as an oral therapy (TNX-103) for pulmonary hypertension (PH) with heart failure with preserved ejection fraction (PH-HFpEF). Initially discovered and developed by Orion Corporation in Finland, intravenous levosimendan has been granted market authorization in 60 countries outside the United States for use in hospitalized patients with acutely decompensated heart failure. Results of Tenax Therapeutics' Phase 2 HELP study of levosimendan in patients with HFpEF demonstrated that IV levosimendan (TNX-101) produces potent dilation of the central and pulmonary venous circulations which translates into an improvement in exercise capacity, a discovery that is the basis of LEVEL, the Phase 3 investigation of Tenax Therapeutics' potential groundbreaking therapy. To date, no other drug therapy has demonstrated improved exercise tolerance in patients with PH associated with HFpEF, 'a growing epidemic with high morbidity and mortality and no treatment. The clear unmet need and lethal nature of PH-HFpEF must be met with novel solutions at all levels of therapeutic development' (AHA Scientific Advisory, 'A Call to Action,' 2022). About Tenax Therapeutics Tenax Therapeutics, Inc. is a Phase 3, development-stage pharmaceutical company using clinical insights to develop novel cardiopulmonary therapies. The Company owns global rights to develop and commercialize levosimendan, which it has prioritized. Tenax Therapeutics also may resume developing its unique oral formulation of imatinib. For more information, visit Tenax Therapeutics' common stock is listed on The Nasdaq Stock Market LLC under the symbol 'TENX'. Caution Regarding Forward-Looking Statements Except for historical information, all of the statements, expectations and assumptions contained in this press release are forward-looking statements. These forward-looking statements may include information concerning possible or projected future business operations. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: risks of our clinical trials, including, but not limited to, the timing, delays, costs, design, initiation, enrollment, and results of such trials; any delays in regulatory review and approval of product candidates in development; risks related to our business strategy, including the prioritization and development of product candidates; reliance on third parties, including Orion Corporation, our manufacturers and CROs; risks regarding the formulation, production, marketing, customer acceptance and clinical utility of our product candidates; our estimates regarding the potential market opportunity for our product candidates; the potential advantages of our product candidates; risks associated with our cash needs; our ability to maintain our culture and recruit, integrate and retain qualified personnel and advisors, including on our Board of Directors; our competitive position; intellectual property risks; volatility and uncertainty in the global economy and financial markets in light of the possibility of pandemics, global financial and geopolitical uncertainties, including in the Middle East and the Russian invasion of and war against the country of Ukraine; changes in legal, regulatory and legislative environments in the markets in which we operate and the impact of these changes on our ability to obtain regulatory approval for our products; and other risks and uncertainties set forth from time to time in our SEC filings. Tenax Therapeutics assumes no obligation and does not intend to update these forward-looking statements except as required by law. Contact: Merrill Barrett
