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Vmoto Launches Two New Electric Scooters

Vmoto Ltd (ASX:VMT) stock rallied by more than 20%  on the company launching two new electric scooter models to strengthen its product line further.  E-max VS1 and Super Soco CPx are the two new models that the company intends to use to strengthen its competitive edge.

The launch of the two electric scooters underscores Vmoto Limited push to remain at the forefront of the burgeoning electric scooters market. The two also affirm the company’s growth strategy of remaining a leader in the manufacturing and supply of high-quality two-wheel vehicles.

The company is to use the two B2B electric scooters to target commercial customers. The company is especially targeting food and delivery companies looking to enhance their delivery operations with electric scooters.

Vmoto Limited has already received significant interest from potential customers looking to purchase the two electric scooters. Having already elicited interest internationally. The company intends to distribute the scooters through B2C distributing channels in over 40 countries.

The unveiling of the two scooters comes hot on the heels of the company reporting positive operational cash flow for the third quarter of 2019. The company ended the quarter with a strong cash position of A$6.4 million, up from A$1.3 million in the second quarter.

GME Resources Mining Project Update

GME Resources Limited (ASX:GME) continues to rally in the market after providing a positive update for its flagship NiWest Nickel Cobalt Project. The company is currently engaged in productive engagement with potential strategic partner ahead of a proposed Definitive Feasibility Study.

Engagement with potential investment partners comes at a time when Nickel prices remain relatively strong and continue to edge higher. In addition to the Nickel project, GME Resources has also commenced a review of its gold assets in the Murrin Murrin region. The review seeks to identify potential high-grade open-pit developments as the company seeks to take advantage of the high gold prices,

Tymlez Group Blockchain Platform Adoption

Tymlez Group Ltd (ASX:TYM) rallied by more than 15% days after confirming that the Vrije Universiteit of Amsterdam has adopted its blockchain solution platform. The higher learning institution is to use the blockchain platform as a teaching foundation for smart contracts

The integration is the result of a long-running collaboration between the company and the learning institution. In recent months the two have worked together on methods for modeling various sustainable blockchain-based business cases. The two have also researched governance models for blockchain business cases

The collaboration comes just days after the company confirmed it has received A$700,000 on completion of a private placement. The company issued 15.9 million ordinary shares priced at A$0.44 a share.

Tymlez Group intends to use net proceeds from the offering to pivot its sales to scalable and high margin channels. The software and technology company intends to expand its sales channels to high margin channels such as Google Marketplace and Hewlett Packard Enterprise.

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Novita Healthcare TALi Train Reimbursement Approval

Novita Healthcare Ltd (ASX: NHL) was a big mover after securing U.S, reimbursement code system status for its digital attention treatment program TALi Train. The approval from the Food Drug and Administration allows for patient reimbursement under CPT codes. The CPT codes for reimbursement underscores the fact that TALi is increasingly being recognized as a new, scalable, and effective non-invasive technology for basement and treatment.

Tali Train is a 25 minutes program that seeks to strengthen children, core attention skills from selective attention to sustained attention as well as executive attention. Controlled clinical trials have already validated the program as an early intervention program for improving attention in kids.

The attention program should allow the company to have exposure to the multibillion-dollar digital healthcare segment. The fact that TALi Train is the only regulatory cleared digital cognitive assessment and training program for children should allow the company to generate significant value. For starters, the CY2019 Medicare Physician Fee Schedule payment is up to $235.70.

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Flexiroam Rallies on Cash Receipts Increase

Flexiroam Ltd (ASX: FRX) traded higher after delivering a 14% increase in cash receipts for its second quarter for the 2020 financial year. Cash receipts in the quarter came in at A$2.25 million, attributed to higher data utilization from customers. The company also benefited from purchases from new inventories as well as business growth.  Revenue in the quarter was up 152% to $2.93 million.

The increase in cash receipts underscores the fact that the company’s strategies of investing in future growth are paying off and should lead to revenue growth. In addition to pursuing revenue, growth Flexiroam Limited is also pursuing cost optimization efforts in addition to ensuring that available resources are used efficiently.

Flexiroam Limited is also looking to accelerate customer acquisition through the implementation of collaborative partnerships. The company is also working on increasing direct marketing activities with a view of yielding positive results in acquiring new customers. Continuing partnerships with airlines and travel insurance providers should accord the company access to primed customers.

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Vmoto Limited Robust Unit Sales

Vmoto Ltd (ASX: VMT) was up by more than 10% after delivering positive cash flow for its third quarter. Total cash flows as of September 30, 2019, stood at A$6.4 million up by A$1.3 million from the second quarter of last year.

The strong cash position came at the backdrop of a strong quarter that saw the company deliver a 94% increase in total unit sales. Strong unit sales came at the backdrop of sales growth on international markets that saw the company sell 4,839 units representing a 57% increase.

The company also benefited from the appointment of a new exclusive distributor that expanded international distribution operations. In pursuit of sales growth in Europe, the company is pursuing sales opportunities through B2B and B2C sectors.

In addition to unit sales, Vmoto Limited is also on its way to developing new models of electric two-wheel vehicles. Vmoto Limited has already opened discussions with Zig Zag Italy as it looks to expand its operations in the country.

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