Blockchain

Aleph Zero Launches NEON Program, Enlists Major Global Partners Including Pairpoint, Backed by Vodafone and Sumitomo

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    Zug, Switzerland, September 10th, 2024, Chainwire

    The Next-Gen Enterprise and Opportunity Navigator (NEON) program will support global enterprises on their journey into web3, fostering innovation and widespread adoption of blockchain technology.

    The Aleph Zero Foundation, a pioneer in privacy-enhancing blockchain infrastructure, announces the launch of its NEON Program, a comprehensive initiative designed to support enterprises from various sectors in harnessing the power of blockchain technology. The program will deliver dedicated resources, expert guidance, and ease of access to innovative technology to facilitate deeper integration of privacy-enhancing blockchain technology across various business use-cases.

    The NEON Program goes beyond traditional enterprise support by offering a comprehensive suite of resources tailored to each member’s unique needs and ambitions in the web3 space. At its core, the program provides a team of dedicated business and technical experts who work closely with members to navigate the complexities of web3 integration. 

    The program caters to a wide range of companies, from those taking their first steps into web3 to seasoned players. This hands-on approach is complemented by a wealth of educational resources, in-depth workshops, and tailored support designed to keep members at the forefront of market and tech developments. By fostering connections with industry experts and exploring potential new revenue streams through ecosystem participation, the NEON Program empowers enterprises to not just adapt to the evolving digital landscape, but to actively shape it.

    “Blockchain technology is rapidly expanding into diverse industries, powering an ever-growing array of use cases,” said Antoni Zolciak, Co-founder of Aleph Zero. “As this landscape evolves, businesses need expert guidance to navigate and harness this technology effectively. We’re incredibly proud to launch the NEON Program, offering tailored support that empowers enterprises at all stages of blockchain adoption. Our goal is to foster innovation, drive adoption, and help businesses unlock the full potential of web3 in their operations.”

    Strategic Partnerships Across Industries

    Aleph Zero has already secured partnerships with global leaders in the telecommunications sector, including Deutsche Telekom and stc Bahrain, demonstrating the blockchain’s capability to meet the rigorous demands of large-scale operations. The program is expanding to include companies and organizations from various industries:

    • Pairpoint (A Vodafone and Sumitomo Company): Born from two leading multinationals, Vodafone and Sumitomo, Pairpoint enables devices to act as autonomous ‘economic agents’, allowing them to transact directly between them to create better user experiences. For example, electric cars can pay for their energy, delivery trucks can sell spare capacity, or smart meters can sell their solar production to their neighbors.
    • CAMARA Foundation (Linux Foundation): Launched in 2021 under the Linux Foundation and GSMA, the CAMARA Project aims to standardize APIs for telecommunications networks. Aleph Zero joined as the first blockchain General Member to develop and contribute to blockchain-specific initiatives. A key focus of this collaboration is the Blockchain Public Address API, which could revolutionize how users interact with blockchain technologies on mobile devices.

    “At Pairpoint, we’re exploring privacy-focused technologies in the evolving ‘Economy of Things,’ where devices are becoming smarter and more autonomous,” said Siva Balasuriyar, CFO and Web3 Lead at Pairpoint. “Joining the NEON program provides Pairpoint with the resources and partnerships we need to strengthen our own knowledge, whilst collaborating with Aleph Zero and others in navigating this groundbreaking landscape. Supported by this partnership, Pairpoint will deploy and operate validator nodes to enhance the resilience and security of the blockchain infrastructure.”

    Introducing the Next-Gen Enterprise & Opportunity Navigator Program

    The launch of the Next-Gen Enterprise & Opportunity Navigator (NEON) Program marks a new phase in Aleph Zero’s engagement with enterprises. NEON is designed to help members effectively navigate the ecosystem, providing crucial support and fostering collaboration. With Aleph Zero’s unique technology stack that features advanced zero-knowledge privacy capabilities, the program is particularly appealing for applications requiring stringent data privacy.

    Membership Benefits of the NEON Program:

    • Dedicated Account Manager: Each member is assigned a Single Point of Contact (SPOC) for personalized business and technical support.
    • Regular Insights: Members gain access to the latest ecosystem insights through regular updates from the NEON Program.
    • Exclusive Networking Opportunities: Members can participate in exclusive networking opportunities at key web3 conferences, events, hackathons, and ecosystem dinners.
    • Exploratory Workshops: Members have the opportunity to engage in workshops designed to explore opportunities within Web3 and the Aleph Zero platform.
    • Custom AZERO Addresses: Each member receives a unique “yourcompany.azero” enterprise blockchain address.
    • Access to Focus Groups: Members can join specialized focus groups on “Data & Tooling,” “Loyalty, Art & Collectibles,” and “Web3 Education,” each tailored to provide in-depth exploration of specific areas of interest.

    For more information on how to join the Aleph Zero NEON Program and benefit from its offerings, please visit the official website.

    About Aleph Zero

    Aleph Zero is a privacy-first ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via zero-knowledge, and offers a comprehensive toolset for development across web3 that ranges from WASM-based Rust to EVM-based Solidity environments. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero ecosystem development programs.

    For more information, readers can visit https://alephzero.org/ 

    About Pairpoint

    Pairpoint is creating the world’s largest Economy of Things (EoT) Ecosystem by providing a secure digital platform that allows vehicles, devices, and machines to autonomously and seamlessly interact and trade with each other.

    Headquartered in the UK with offices in London and Lisbon, Pairpoint is backed by a €60M investment from Vodafone Group and Sumitomo Group. For more information on Pairpoint, readers can visit https://www.pairpoint.io. 

    For any enquiries about this release, readers can please contact josh@serotonin.co 

    Contact

    PR Manager
    Josh Adams
    Aleph Zero
    josh@serotonin.co

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    Netcapital Announces First Quarter Fiscal 2025 Financial Results

    2024-09-16T20:15:00Z
    • Management to Host Earnings Call on September 17, 2024 at 11:00 a.m. ET

    BOSTON, MA, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced financial results for the first quarter of fiscal year 2025 ended July 31, 2024.

    “This was a challenging quarter for us, driven primarily by a decrease in revenues for services that we provide in exchange for equity securities,” said Martin Kay, CEO of Netcapital Inc. “However, we have taken what we believe are important steps to lay the groundwork for future opportunities. In May 2024, for example, we announced that our wholly-owned subsidiary, Netcapital Securities Inc. applied for broker-dealer registration with the Financial Industry Regulatory Authority (“FINRA”). We believe that by having a registered broker-dealer, it could create opportunities to expand our revenue base by hosting and generating additional fees from Reg A+ and Reg D offerings on the Netcapital platform. In addition, in July 2024, we announced the launch of our beta version of a secondary trading platform through the Templum ATS to a closed group of users. This secondary trading platform has been designed to provide investors who purchase stock through the Netcapital funding portal with the potential for secondary trading through access to the Templum ATS.”

    The operation of the Templum ATS remains subject to extensive regulation and oversight. Any regulatory delays or objections will result in delays in our ability to launch the proposed secondary trading platform, if at all.

    Netcapital Securities Inc.’s application to become a registered broker-dealer remains subject to regulatory approval and/or licensing from the Financial Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). No assurance can be given as to when or if such approvals may be granted or when, if at all, Netcapital will be able to expand the services it offers.

    First Quarter Fiscal 2025 Financial Highlights

    • Revenue decreased approximately 91% year-over-year to $142,227, compared to revenue of $1,519,809 million in the first quarter of fiscal year 2024.
    • Total funding portal revenues (consisting of portal fees, listing fees and a 1% equity fee) decreased approximately 62% year-over-year to $142,056 compared to $375,856 in the first quarter of fiscal 2024.
    • Operating loss of ($2,508,237) for the first quarter fiscal 2025 as compared to ($749,020) for the first quarter fiscal 2024, an increase of 235%
    • Net loss of ($2,527,170) in the first quarter fiscal 2025, compared to net loss of ($491,655), for the same period in the prior year, an increase of 414%
    • Loss per share of ($5.10) in the first quarter year ended July 31, 2024, increased approximately 11% compared to loss per share of ($4.61) for the same period in the prior year.
    • As of July 31, 2024, the Company had cash and cash equivalents of $855,181.

    Conference Call Information

    The Company will host an investor conference call on Tuesday, September 17, 2024, at 11:00 a.m. ET.

    Participant access: 844-985-2012 or 973-528-0138
    Conference entry code: 844301

    For additional disclosure regarding Netcapital’s operating results, please refer to the Quarterly Report on Form 10-Q for the period ended July 31, 2024, which has been filed with the Securities and Exchange Commission.

    About Netcapital Inc.

    Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal, Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association.

    Forward Looking Statements

    The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

    Investor Contact

    800-460-0815 
    ir@netcapital.com

    NETCAPITAL INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS

        July 31, 2024
    (Unaudited)    		     April 30, 2024
    (Audited)    		  
    Assets:                
    Cash and cash equivalents   $ 855,181     $ 863,182  
    Accounts receivable net     -       134,849  
    Note receivable     20,000       20,000  
    Interest receivable     1,600       1,200  
    Prepaid expenses     48,160       23,304  
    Total current assets     924,941       1,042,535  
                     
    Deposits     6,300       6,300  
    Notes receivable - related parties     202,000       202,000  
    Purchased technology, net     14,724,136       14,733,005  
    Investment in affiliate     240,080       240,080  
    Equity securities     25,343,513       25,333,386  
    Total assets   $ 41,440,970     $ 41,557,306  
                     
    Liabilities and Stockholders’ Equity                
    Current liabilities:                
    Accounts payable   $ 1,180,487     $ 793,325  
    Accrued expenses     236,758       310,300  
    Deferred revenue     445       466  
    Interest payable     94,703       92,483  
    Current portion of SBA loans     1,885,800       1,885,800  
    Loan payable - bank     34,324       34,324  
    Total current liabilities     3,432,517       3,116,698  
                     
    Long-term liabilities:                
    Long-term SBA loans, less current portion     500,000       500,000  
    Total liabilities     3,932,517       3,616,698  
                     
    Commitments and contingencies     -       -  
                     
    Stockholders’ equity:                
    Common stock, $.001 par value; 900,000,000 shares authorized, 579,153 and 326,867 shares issued and outstanding     579       327  
    Shares to be issued     122,264       122,124  
    Capital in excess of par value     39,433,217       37,338,594  
    Retained earnings (deficit)     (2,047,607 )     479,563  
    Total stockholders’ equity     37,508,453       37,940,608  
    Total liabilities and stockholders’ equity   $ 41,440,970     $ 41,557,306  


    NETCAPITAL INC.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (UNAUDITED)

        Three Months Ended     Three Months Ended  
        July 31, 2024     July 31, 2023  
                 
    Revenues   $ 142,227     $ 1,519,809  
    Costs of services     10,220       18,053  
    Gross profit     132,007       1,501,756  
                     
    Costs and expenses:                
    Consulting expense     97,381       163,942  
    Marketing     6,898       241,888  
    Rent     19,116       19,610  
    Payroll and payroll related expenses     1,136,593       1,037,042  
    General and administrative costs     1,380,256       788,294  
    Total costs and expenses     2,640,244       2,250,776  
    Operating loss     (2,508,237 )     (749,020 )
                     
    Other income (expense):                
    Interest expense     (10,464 )     (13,304 )
    Amortization of intangible assets     (8,869 )     (28,331 )
    Other income     400       -  
    Total other income (expense)     (18,933 )     (41,635 )
    Net loss before taxes     (2,527,170 )     (790,655 )
    Income tax expense (benefit)     -       (299,000 )
    Net loss   $ (2,527,170 )   $ (491,655 )
                     
    Basic loss per share   $ (5.10 )   $ (4.61 )
    Diluted loss per share   $ (5.10 )   $ (4.61 )
                     
    Weighted average number of common shares outstanding:                
    Basic     495,319       106,732  
    Diluted     495,319       106,732  

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