Author: BigNews Network – 7Newswire News

<span class=”xn-location”>NEW YORK</span>, <span class=”xn-chron”>March 9, 2021</span> /– <a href=”https://ideanomics.com/” target=”_blank” rel=”nofollow noopener noreferrer”>Ideanomics</a> (NASDAQ: IDEX) (“Ideanomics” or the “Company”) is pleased to announce it has acquired 20% of Italian <a href=”https://www.energicamotor.com/” target=”_blank” rel=”nofollow noopener noreferrer”>Energica Motor Company S.p.A</a>. (Energica) for the consideration of <span class=”xn-money”>$13.2 million</span>. It develops high performance 100% battery-powered motorbikes. With this investment in Energica, Ideanomics expands its global footprint in the electric vehicle (EV) industry, and complements Treeletrik’s business in the ASEAN market. This investment marks continued investment in European-based OEM.
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“Energica has combined zero emissions EV technology with high-performance engineering synonymous with <span class=”xn-location”>Italy’s</span> Motor Valley to create a range of exceptional products for the motorcycle market. It also has proprietary EV battery and DC fast-charging systems that have applications and synergies with Ideanomics Mobility. We are very impressed with Livia and her team, and we look forward to supporting them through their next phases of growth,” said <span class=”xn-person”>Alf Poor</span>, CEO of Ideanomics.

&nbsp;

The rapid increase of EV sales that began in 2019 has continued to gain momentum over the past year. The global high performance electric motorcycle market is growing at a CAGR of over 35% from 2019-2024. With its state-of-the-art battery technology development, Energica was chosen by Dorna as a single manufacturer for the FIM Enel MotoE World Cup. With this partnership, Energica has been able to test new battery solutions and innovations in extreme conditions with the best riders in the world to advance its high-performance battery technology.

“We are proud to be part of this unified global platform”, says Livia Cevolini, CEO of Energica Motor Company S.p.A. “Ideanomics’ network of innovative companies will help accelerate the growth and adoption of new EV technologies such Energica.. We look forward to leveraging Ideanomics to capture market share in the rapidly growing global electric motorcycle market”.

For more information, visit <u><a href=”https://ideanomics.com/” target=”_blank” rel=”nofollow noopener noreferrer”>ideanomics.com</a></u> and <a href=”https://www.energicamotor.com/” target=”_blank” rel=”nofollow noopener noreferrer”>energicamotor.com.</a>

<b>About Energica Motor Company S.p.A.<br class=”dnr” /></b>Energica Motor Company S.p.A. is the world’s leading manufacturer of high performance electric motorcycles and the sole manufacturer of the FIM Enel MotoE World Cup. Energica motorcycles are currently on sale through the official network of dealers and importers.

<b>About Ideanomics<br class=”dnr” /></b><u><a href=”http://www.ideanomics.com/” target=”_blank” rel=”nofollow noopener noreferrer”>Ideanomics</a></u><a href=”https://c212.net/c/link/?t=0&amp;l=en&amp;o=3091054-1&amp;h=3370853661&amp;u=http%3A%2F%2Fwww.ideanomics.com%2F&amp;a=%C2%A0″ target=”_blank” rel=”nofollow noopener noreferrer”> </a>is a global company focused on the convergence of financial services and industries experiencing technological disruption. Our Ideanomics Mobility division is a service provider which facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under our innovative sales to financing to charging (S2F2C) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, Ideanomics Mobility and Ideanomics Capital provide our global customers and partners with leading technologies and services designed to improve transparency, efficiency, and accountability, and our shareholders with the opportunity to participate in high-potential, growth industries.

The company is headquartered in <span class=”xn-location”>New York, NY</span>, with offices in <span class=”xn-location”>Beijing</span>, <span class=”xn-location”>Hangzhou</span>, and <span class=”xn-location”>Qingdao</span>, and operations in the U.S., <span class=”xn-location”>China</span>, <span class=”xn-location”>Ukraine</span>, and <span class=”xn-location”>Malaysia</span>.

<b>Safe Harbor Statement<br class=”dnr” /></b>This press release contains certain statements that may include “forward looking statements”. All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at <a href=”https://www.sec.gov./” target=”_blank” rel=”nofollow noopener noreferrer”>www.sec.gov.. </a>All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

<b>Investor Relations and Media Contact<br class=”dnr” /></b>Energica Motor Company S.p.A.<br class=”dnr” />Investor Relations<br class=”dnr” />Email: <a href=”mailto:investor@energicamotor.com” target=”_blank” rel=”nofollow noopener noreferrer”>investor@energicamotor.com</a>

Ideanomics,Inc.<br class=”dnr” /><span class=”xn-person”>Tony Sklar</span>, SVP of Investor Relations<br class=”dnr” />1441 Broadway, Suite 5116 <span class=”xn-location”>New York, NY</span> 10018.<br class=”dnr” />Email: <u><a href=”mailto:ir@ideanomics.com” target=”_blank” rel=”nofollow noopener noreferrer”>ir@ideanomics.com</a></u>

<span class=”xn-person”>Valerie Christopherson</span> / <span class=”xn-person”>Lora Wilson</span><br class=”dnr” />Global Results Communications (GRC)<br class=”dnr” />+1 949 306 6476<br class=”dnr” /><a href=”mailto:valeriec@globalresultspr.com” target=”_blank” rel=”nofollow noopener noreferrer”>valeriec@globalresultspr.com</a>

SOURCE Ideanomics
<h4>Related Links</h4>
<a class=”linkOnClick” title=”Link to http://www.ideanomics.com” href=”http://www.ideanomics.com/” target=”_blank” rel=”nofollow noopener noreferrer” data-include=””>http://www.ideanomics.com</a> Continue Reading →

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<span class=”xn-location”>NEW YORK</span>, <span class=”xn-chron”>March 9, 2021</span> /- <a href=”https://www.meredith.com/”>Meredith Corporation’s</a> (NYSE: MDP) PARENTS released its second annual list of <a href=”https://www.parents.com/parenting/moms/housekeeping/best-green-cleaners-for-your-home/?df”>Best Green Cleaners</a>, a selection of over 20 sustainable, efficient, and affordable products that are designated eco-friendly by a team of PARENTS editors and experts. PARENTS Best Green Cleaners 2021 are featured in the April issue, available now and online at<a href=”https://www.parents.com/parenting/moms/housekeeping/best-green-cleaners-for-your-home/”> Parents.com/greenclean</a>.
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“At a time when we’re hanging at home more than ever, a tidy space feels like a big accomplishment,” says Editor in Chief <span class=”xn-person”>Julia Edelstein</span>. “For the second year in a row, we tested eco-friendly formulas to find out which ones get surfaces clean and leave the planet intact too.”

PARENTS editors and experts vetted more than 100 products free of ammonia, hydrochloric acid, petroleum, phthalates, and sodium hydroxide (except in small amounts for pH balance)-the five chemical ingredients that PARENTS advisor <span class=”xn-person”>Philip Landrigan</span>, M.D., a pediatrician, and director of the Global Observatory on Pollution and Health at <span class=”xn-org”>Boston College</span>, cited as most concerning to the environment. Families rated the products’ effectiveness on kid stains and routine cleanup. To pick the winners, the PARENTS team also factored in price and the sustainability of the packaging, a suggestion from Surili Sutaria Patel, director of the Center for Climate, Health, and Equity at the American Public Health Association.

PARENTS Best Green Cleaners 2021 are listed below by category and are available online at <a href=”https://www.parents.com/parenting/moms/housekeeping/best-green-cleaners-for-your-home/”>Parents.com/greenclean</a>.

<b>GERM FIGHTERS</b>
<ul>
<li><u>Best Disinfecting Wipes (Tie)</u>: CleanWell Botanical Disinfecting Wipes and Arm &amp; Hammer Essentials Disinfecting Wipes</li>
<li><u>Best Scented Disinfectant</u>: Seventh Generation Disinfectant Spray</li>
<li><u>Best Fragrance-Free Disinfectant</u>: Honest Disinfecting Spray</li>
</ul>
<b>KITCHEN ESSENTIALS</b>
<ul>
<li><u>Best Baby-Bottle Soap</u>: Dapple Baby Bottle &amp; Dish Soap</li>
<li><u>Best for Countertops</u>: Boulder Clean Natural Granite + Stainless Cleaner</li>
<li><u>Best Dishwasher Cleaner</u>: <span class=”xn-person”>Lemi Shine’s</span> Dishwasher Cleaner</li>
<li><u>Best Dishwasher Pods</u>: Boulder Clean Dishwasher Detergent Power Packs</li>
<li><u>Best Liquid Dish Soap</u>: Thrive Market Dish Soap</li>
<li><u>Best Powder Dish Soap</u>: Blueland Dish Soap Starter Set</li>
</ul>
<b>BATHROOM ESSENTIALS</b>
<ul>
<li><u>Best Bathroom Cleaner</u>: AspenClean Bathroom Cleaner</li>
<li><u>Best Scrub</u>: Mrs. Meyer’s Clean Day Surface Scrub</li>
<li><u>Best Toilet Bowl Cleaner</u>: Method AntiBac Toilet Bowl Cleaner</li>
</ul>
<b>LAUNDRY ESSENTIALS</b>
<ul>
<li><u>Best Baby Laundry Detergent</u>: Babyganics 3X Lavender Laundry Detergent</li>
<li><u>Best Fabric Softener</u>: Mrs. Meyer’s Clean Day Fabric Softener</li>
<li><u>Best Laundry Pods</u>: Brandless Laundry Detergent Packs</li>
<li><u>Best Liquid Laundry Detergent</u>: PUR Home Laundry Detergent</li>
<li><u>Best for Mealtime Messes</u>: Disney Baby ECOS Stain &amp; Odor Remover</li>
<li><u>Best for Set-In Spots</u>: Kids ‘N’ Pets Instant All-Purpose Stain &amp; Odor Remover</li>
<li><u>Best for Spills on the Go</u>: Babyganics Fragrance Free Stain Eraser</li>
</ul>
<b>FLOOR ESSENTIALS</b>
<ul>
<li><u>Best All-Purpose Floor Cleaner</u>: Squeak Floor Me Floor Cleaner</li>
<li><u>Best Disinfecting Floor Cleaner</u>: Bona PowerPlus Antibacterial Hard-Surface Floor Cleaner</li>
<li><u>Best Mop Set</u>: The Maker’s Mop</li>
<li><u>Best Spray Mop</u>: Libman Freedom Spray Mop</li>
<li>For more information on PARENTS Best Green Cleaners 2021, visit <a href=”https://www.parents.com/parenting/moms/housekeeping/best-green-cleaners-for-your-home/”>Parents.com/greenclean.</a></li>
</ul>
<b>ABOUT PARENTS
<br class=”dnr” /></b>PARENTS, the leading source for busy, millennial moms, reaches 8.3 million readers monthly through an award-winning magazine and over 19 million readers on its digital and social platforms. With an understanding that raising good people is the most important job, PARENTS serves up trusted advice that empowers moms and dads to care for their kids with confidence and find ways to enjoy the ride. PARENTS is produced by Meredith Corporation (NYSE: MDP).

SOURCE Meredith Corporation
<h4>Related Links</h4>
<a class=”linkOnClick” title=”Link to https://www.meredith.com” href=”https://www.meredith.com/” target=”_blank” rel=”nofollow noopener noreferrer” data-include=””>https://www.meredith.com</a>

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<img src=”https://storage.googleapis.com/accesswire/logos/subaccounts/15386.jpg” alt=”TPT Global Tech, Inc. ” />

<strong>SAN DIEGO, CA / ACCESSWIRE / March 9, 2021 / </strong>TPT Global Tech Inc. (“TPTW or TPT Global Tech”)(OTCQB:TPTW) <a href=”http://www.tptglobaltech.com”>www.tptglobaltech.com</a> based in San Diego, California, a technology-based company with divisions providing telecommunications, medical technology, media content for domestic and international syndication as well as technology solutions, today announced that Major General John F. Wharton (US Army Ret), former Commanding General of U.S Army Research, Development and Engineering Command, will be joining the TPT Global Tech Inc. Board of Advisors.

Major General Wharton is a career Army veteran with over 3 decades of Service to the Nation. In last military assignment, he was responsible for the U.S. Army’s science and technology budget and programs with an annual operating budget of $6.2 billion. There he led more than 13,000 scientists, engineers and support personnel across all disciplines and sectors.

Major General Wharton will be providing guidance and expertise for TPTW’s newly created Global Defense Division and helping the entire suite of TPTW offerings in his capacity as a member of the TPT Global Tech Advisory Board. He will work with the company’s telecoms, satellite, 5G and radar technologies units and help with domestic and international business globally from Europe to the Middle East, the Caribbean and beyond.

Major General Wharton will also be assisting TPT Global Tech offering a wide range of services from the research, development, engineering and technology transfer counsel and how best to gain government awards. “I look forward to becoming part of the TPT Global Tech team working with my good friend Stephen Thomas and expanding the reach both nationally and internationally.

“As we ramp up our defense division and expand our company-wide offerings and technical expertise, Major General Wharton’s experience, knowledge and government contacts will be a critical component to leading us forward,” said Stephen J. Thomas, III, CEO of TPT Global Tech. “From telecommunications to software deployment and development, Major General Wharton’s will be instrumental in building and expanding our capabilities in existing industry verticals while also helping us break into areas we had not previously explored but must participate in to get to where we want to be as a business.”

<b>About TPT Global Tech</b>

TPT Global Tech Inc. based in San Diego, California, is a technology-based company with divisions providing telecommunications, medical technology and product distribution, media content for domestic and international syndication as well as technology solutions. TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS). It offers carrier-grade performance and support for businesses over its private IP MPLS fiber and wireless network in the United States. TPT’s cloud based UCaaS services allow businesses of any size to enjoy all the latest voice, data, media, and collaboration features in today’s global technology markets. TPT Global Tech also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cell phone services, Mobile phones Cell phone Accessories and Global Roaming Cell phones.

For more information about how TPT Global Tech’s technologies and to schedule call with CEO Stephen Thomas or Major General Wharton, please contact Shep Doniger at 561-637-5750 and <a href=”mailto:sdoniger@bdcginc.com”>sdoniger@bdcginc.com</a>.

<b>Forward-Looking Statements</b>

This press release contains “forward-looking statements” within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates” and other terms with similar meaning. Specifically, statements about the Company’s plans for accelerated growth, improved profitability, future business partners, M&amp;A activity, new service offerings, and pursuit of new markets are forward-looking statements. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases, the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions. Continue Reading →

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<strong>DALLAS, TX / ACCESSWIRE / March 9, 2021 / </strong>To provide a solution to the lack of access to affordable healthcare, Dr. Edward Johnson is launching MD on Demand, LLC on April 1, 2021. The platform is so innovative that Buzzfeed has named it “the digital hospital to watch in 2021.”

“In the U.S., there are about 1.5 billion ambulatory or walk-in doctor-patient visits each year,” Dr. Johnson states. “We estimate that MD on Demand can treat a little over half of those on our platform. Amazing, isn’t it? That’s roughly 800 million yearly doctor-patient visits that we will be helping with. We are so needed that the valuation for MD On Demand is $400,000,000.”

Dr. Johnson serves as the Chairman and CEO of Skyplay, the parent company for MD On Demand. Since co-founding the company in 2019, Dr. Johnson has led its strategic direction and has grown MD On Demand to become one of the most talked-about disruptors in the telehealth industry. He has a lengthy track record of successfully leading technology companies in the healthcare field. A former CEO of a CLEC in the South, Dr. Johnson combined his passion for technology with his love of medicine to create MD On Demand.

“At MD On Demand, we believe that everyone should have instant and affordable access to a board-certified doctor, whenever and wherever you need one,” says Dr. Johnson. “It was very concerning to me that so many people cannot access competent care, so I am happy that I can use MD On Demand to solve this serious issue. This lack of affordable healthcare is an ever-growing problem and makes our mission even more important.”

MD On Demand can connect anyone, whether or not they have insurance, to high-quality doctors and nurses while saving the patient valuable time and money. “We can provide medical services through any device as well as through our 24/7 call center,” Dr. Johnson says.

MD On Demand puts its patients’ needs first. It is free to sign up for services, and the price of the visit to the physician is always shown upfront so that there are no billing surprises. The company works with many major insurance plans and employers. Their services are extensive, including urgent care, behavioral health, preventative health, and chronic care.

“Our team is available 24/7,” Dr. Johnson says. “We can even help you order prescriptions. Feeling better should not involve so much stress, so we’ve done everything we can to take the hassle and guesswork out of getting well.”

MD On Demand can help with a wide variety of ailments, including cold and flu, asthma, skin conditions, women’s health, men’s health, allergies, and headaches, among others. “There are a few we cannot help with,” Dr. Johnson says, “including lacerations, broken bones, severe bones, chest pain, and traumatic injuries to the brain or spine. You can see our website for a more comprehensive list. Despite those restrictions, there is a lot we can do for most people.”

The doctors are board-certified and can treat patients anywhere, including at home, at work, or even on the go. All physicians are U.S.-based and include licensed doctors, psychologists, dentists, psychiatrists, therapists, and aesthetic medical experts that are available to treat patients according to their schedules.

“MD On Demand is revolutionizing how healthcare is done,” Dr. Johnson believes. “We have you covered from A to Z. With our team of over 10,000 highly qualified medical professionals in 50 states, we are here to provide professional and discreet services to support you. I think you’re going to be impressed by what we can do for you the next time you or a loved one needs medical assistance.”

<strong>Media Contact:</strong>
Shazir Mucklai
Imperium Group
Imperiumgrouppr.com
<span><a href=”mailto:getstarted@imperium-pr.com”>getstarted@imperium-pr.com</a></span>

<strong>Imperium Group</strong>
Imperium Group is an American public relations and marketing consultancy firm known for getting its clients on Forbes. Imperium Group PR, “Reviews are so essential and so is customer satisfaction,” founded in 2016 by Shazir Mucklai. Imperium Group specializes in Google Knowledge Panels and generates over 15 million impressions a month for its clients. Continue Reading →

<img src=”https://storage.googleapis.com/accesswire/logos/subaccounts/23336.png” alt=”Westbridge Energy Corporation” />

<b>VANCOUVER, BC / March 9, 2021 / Westbridge Energy Corporation</b> (TSXV:WEB.H) (“<b>Westbridge</b>” or the “<b>Company</b>”) is pleased to announce that it has entered into a definitive agreement dated March 4, 2021 (the “<b>Business Combination Agreement</b>”) setting out the terms of a proposed business combination (the “<b>Transaction</b>”) with Georgetown Solar Inc. (“<b>Georgetown</b>”), an arm’s length company incorporated under the <i>Business Corporations Act</i> (Alberta). It is intended that the Transaction will result in the reactivation of the Company pursuant to the regulations of the TSX Venture Exchange (the “<b>TSXV</b>”), and the listing of the common shares of Westbridge on Tier 1 or 2 of the TSXV.

Georgetown is a privately?held company focused on the development of large scale utility solar PV projects. Georgetown is currently in the process of assessment for development of the solar property known as the Georgetown project, which is comprised of approximately 710 acres located in Vulcan County, Alberta (the “<b>Georgetown Project</b>”). To date, Georgetown has conducted fieldwork, wetland delineation and classification and engineering assessments with respect to the Georgetown Project, with a view to the development of the project to “ready to build” status and divestiture. Upon completion of the Transaction, it is the intention of the parties that Westbridge will focus primarily upon the further assessment and development of the Georgetown Project, while seeking additional solar project development opportunities to enhance the overall value of the Company.

“On behalf of the board, we are extremely excited to have found such an impressive partner in Georgetown, led by Stefano Romanin and his team of global developers of utility-scale solar photovoltaic projects.” Said Scott M. Kelly, Chief Executive Officer and Director of the Company. “Westbridge has always been driven to define opportunity and deliver value in the evolving energy sector. Today, we take an important step towards a future of growth, innovation, and market leadership by bringing our loyal shareholders into ESG and renewable energy”.

Stefano Romanin, Chief Executive Officer of Georgetown said, “We are excited to have the opportunity to join Westbridge and continue to grow our solar development business with a new strategic partner. This transaction will strengthen our market position and open up new opportunities for expansion in the Canadian and USA markets”.

<strong>Transaction Structure</strong>

The Transaction will be structured as a three-cornered amalgamation pursuant to which Georgetown will amalgamate with a wholly-owned subsidiary of Westbridge and Westbridge will acquire all of the issued and outstanding shares of Georgetown from the shareholders of Georgetown in exchange for the issuance of an aggregate of 20,000,000 common shares of Westbridge (each, a “<b>Westbridge Share</b>”) to such shareholders (being calculated based on a ratio of 2,000 Westbridge Shares for each one share of Georgetown outstanding).

The Transaction remains subject to the receipt of all applicable regulatory and third party approvals, including the approval of the TSXV, and the satisfaction of other closing conditions set forth in the Business Combination Agreement. An aggregate of 1,200,000 Westbridge Shares are issuable to Invictus Investments Ltd. (the “<b>Finder</b>”) in connection with the Transaction.

The Transaction will constitute a change of business for the Company, as Westbridge was previously a resource issuer and upon completion of the Transaction, proposes to focus on solar project development opportunities. The Transaction is not expected to be subject to the approval of shareholders of Westbridge, on the basis that (i) shareholder approval is not required for a three-cornered amalgamation under applicable corporate law; and (ii) the Transaction is not a “related party transaction” and no other circumstances exist which may compromise the independence of the Company or other interested parties with respect to the Transaction; (iii) the Company is listed on the NEX board of the TSXV and is without active operations; and (iv) the Company is not and will not be subject to a cease trade order and will not otherwise be suspended from trading on completion of the Transaction. The Company proposes to apply for a waiver from the sponsorship requirements of the TSXV in connection with the Transaction.

<strong>Concurrent Financings</strong>

As a condition of the closing of the Transaction, Westbridge shall complete a best efforts private placement (the “<b>Private Placement</b>”) of subscription receipts (“<b>Subscription Receipts</b>”) at a price of $0.125 per Subscription Receipt (or such other price as may be agreed by the parties) to raise minimum aggregate gross proceeds of $2,500,000. Each Subscription Receipt will automatically convert immediately prior to the closing of the Transaction, for no additional consideration, into one unit (a “<b>Westbridge Unit</b>”) comprised of one Westbridge Share and one-half of one share purchase warrant (each whole such share purchase warrant, a “<b>Westbridge Warrant</b>”). Each Westbridge Warrant shall entitle the holder thereof to purchase one additional Westbridge Share at an exercise price of $0.20 for a period of two years from the date of issuance of the Westbridge Warrants, provided that in the event that, at any time following the date which is four months and a day following the closing of the Private Placement, the closing price of the Westbridge Shares is equal to or exceeds $0.35 per share for any 10 trading days within any 30-trading day period (which, for greater certainty, includes any period prior to the closing of the Transaction), Westbridge may accelerate the expiry date of the outstanding Westbridge Warrants by providing 10 days’ notice pursuant to the dissemination of a press release announcing such accelerated expiry date.

The gross proceeds of the Private Placement will be deposited in escrow at closing of the Private Placement with a mutually acceptable escrow agent and released to Westbridge immediately prior to the closing of the Transaction, provided that if the closing is not completed on or prior to June 30, 2021 (or such other date as may be agreed upon by the parties), the Subscription Receipts will be cancelled and the escrowed proceeds shall be returned to the purchasers thereof. In connection with the Private Placement, Westbridge may pay finder’s fees and/or issue broker warrants to qualified registrants, in amounts and upon terms yet to be determined.

In addition, as a condition to the closing of the Transaction, Georgetown will issue convertible debentures in the aggregate principal amount of $350,000 which shall, as of closing of the Transaction, be automatically converted into Westbridge Units at a deemed price of $0.125 per Westbridge Unit (the “<b>Debenture Financing</b>”).

Following the completion of the Transaction, the net proceeds from the Private Placement are anticipated to be principally used to further assess and develop the Georgetown Project, and for general working capital purposes. While Westbridge intends to spend the funds available to it as stated above, there may be circumstances where for sound business reasons a reallocation of funds may be necessary.

<strong>Capitalization</strong>

It is currently anticipated that immediately following the completion of the Transaction (assuming $2,500,000 is raised pursuant to the Private Placement), there will be approximately 63,044,154 Westbridge Shares outstanding, of which the current shareholders of the Company will hold 18,932,154 Westbridge Shares (or approximately 30.0%), shareholders of Georgetown will hold 20,000,000 Westbridge Shares (or approximately 31.7%), purchasers in the Private Placement will hold 20,000,000 Westbridge Shares (or approximately 31.7%), purchasers of Convertible Debentures will hold 2,912,000 Westbridge Shares (or approximately 4.6%) and the Finder will hold 1,200,000 Westbridge Shares (or approximately 1.9%). In addition, it is currently anticipated that there will be approximately 15,492,431 convertible securities of Westbridge outstanding upon closing of the Transaction (inclusive of 11,456,000 Westbridge Warrants, assuming the Private Placement is completed to raise aggregate gross proceeds of $2,500,000, the conversion of the Convertible Debentures into Westbridge Units, and that no broker warrants are issued in connection with the Private Placement), each entitling the holder to acquire one additional Westbridge Share in accordance with the respective terms thereof.

The securities of Westbridge issuable to the holders of Convertible Debentures and shareholders of Georgetown shall be subject to the following voluntary hold periods:
<ol start=”1″>
<li>the securities comprising the WEB Units issuable upon conversion of the Convertible Debentures shall be subject to a hold period expiring concurrently with the expiry of the statutory hold period applicable to the Subscription Receipts pursuant to National Instrument 45-106; and</li>
<li>the Westbridge Shares issued to shareholders of Georgetown will be subject to a hold period expiring on the date that is six months following the closing of the Transaction with respect to 50% of such Westbridge Shares, and 12 months following the closing of the Transaction with respect to the remaining 50% of such Westbridge Shares.</li>
</ol>
No new control person of the Company will be created as a result of the Transaction.

<strong>Proposed Management and Board of Directors</strong>

Upon completion of the Transaction, it is anticipated that the persons identified below will serve as directors and officers of Westbridge:

Stefano Romanin, Chief Executive Officer and Director – Stefano is an experienced investor in the private equity and energy sector, with a track record of deals in excess of $2 billion including wind, solar, biomass and energy from waste. Most recently, Stefano was the founder and CEO of a solar PV platform with assets of 1.45GW globally that was successfully sold to a large institutional investor. He was the director and owner of one of the largest energy from waste projects in the UK and he worked alongside investors to develop and build $1bn of solar PV assets across Europe and North America. Previously, he worked in JP Morgan’s private equity team, focusing on direct and secondary investments, creating a dedicated platform for secondary PE investments. Stefano studied at Stanford University, Grenoble Graduate School of Business and University of Milan and holds a MSc in International Business (1^st Class honours).

Phillip Stubbs, Chief Financial Officer – Philip is a qualified Chartered Accountant. His strong financial background derives from years long experience at Deloitte, as well as serving as finance director at an alternative investment manager, specialized in real estate, infrastructure and renewable energy, with a focus on the structuring, funding and exit of investments that provided strong returns to investors. He has a BSc in Physics from the University of Bristol (1^st Class honours) and is an associate of the Institute of Chartered Accountants in England and Wales.

Margaret McKenna, Director -<b> </b>Margaret (Maggie) is a lawyer by training with a background in general corporate law and commercial litigation. In previous roles, Maggie has acted as i as general counsel and corporate secretary of a private remediation technology start-up company with Canadian and U.S. operations and served as in-house counsel for a multinational real estate investment and development company. Maggie has a BA from Indiana University and a JD from John Marshall Law School. She was admitted to the Illinois State Bar and the Law Society of Alberta.

Paul Larkin, Director – Paul brings in excess of 40 years of experience in corporate finance and capital markets to the Company. He is currently President of New Dawn, an investment and financial consulting firm providing administration and financial advisory services to a number of private and public companies. From 1972 to 1984, Paul held various corporate finance positions in the Canadian Banking system. Paul currently serves as a director and member of the audit committee of several public companies and, in such roles, has had experience with the review and understanding of the accounting principles relevant to public companies and interpreting and assessing the financial statements of public companies.

Marcus Yang, Director – Marcus is an experienced corporate financier and qualified Chartered Professional Accountant of Ontario &amp; Canada. He also holds a Chartered Institute for Securities &amp; Investment Level 3 Certificate and FCA (UK) approved person with CF30 functions. Marcus has over twenty years of banking and corporate finance experience gained from global financial and banking institutions. He has work experiences from KPMG and Deloitte as well as extensive banking experience from GE Capital and The Royal Bank of Scotland in London, UK. Most recently, he was a member of a London based, independent investment firm, Channel Capital Advisors, advising and arranging structured credit products for their global investors. He is a graduate of Wilfrid Laurier University (Waterloo, Canada) with a BA in Economics and Accounting.

<strong>Selected Financial Information of Georgetown</strong>

The following selected financial information is taken from the financial statements of Georgetown for the fiscal period ended November 30, 2020: (i) total assets of $34,891; (ii) total liabilities of $55,801; and (iii) shareholders’ equity of $(20,982). For the period from incorporation on October 7, 2020 to November 30, 2020, Georgetown reported a loss and comprehensive loss of $21,982.

Readers are cautioned that the above figures have not been audited and are based on calculations prepared by management. Actual results may differ from those reported in this press release once these figures have been audited.

<strong>Conditions to Completion</strong>

Completion of the Transaction is subject to a number of conditions including, but not limited to, TSXV approval. The Transaction cannot close until all required regulatory approvals are is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Westbridge Energy Corporation should be considered highly speculative. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this news release.

<strong>On behalf of the Board of Directors</strong>

Scott Kelly
CEO
Westbridge Energy Corporation
604-687-7767

<i>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.</i>

<strong>Forward-Looking Statements</strong>

This news release contains statements about the Company’s expectations regarding the proposed Transaction of the Company and the Private Placement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include general business, economic, competitive and social uncertainties; and the delay or failure to receive all applicable regulatory and third party approvals, and availability of financing. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Continue Reading →