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CIMG Inc. Received Letters from Nasdaq regarding Deficiencies in the Minimum Bid Price and the Annual Report

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Beijing, China, January 22, 2025 — CIMG Inc. (“CIMG” or the “Company”) (NASDAQ: IMG), a company with a heritage in specialty coffee and an emerging business in broader consumer food and beverage products, announced that it received letters from Nasdaq regarding deficiencies in the minimum bid price and the annual report.

Minimum Bid Price Deficiency

On January 14, 2025, the Company received a notification letter (the “Minimum Bid Price Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“NASDAQ”) indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The Minimum Bid Price Notice has no immediate effect on the listing of the Company’s common stock, par value $0.00001 per share (the “Common Stock”), which continues to trade on The Nasdaq Capital Market under the symbol “IMG.”

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the Minimum Bid Price Notice, or until July 14, 2025, to regain compliance. If at any time before July 14, 2025, the closing bid price of the Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, NASDAQ will provide written notification that the Company has achieved compliance with the minimum bid price requirement, and the matter will be resolved.

If the Company does not regain compliance during the compliance period ending July 14, 2025, then NASDAQ may in its discretion determine to grant the Company an additional 180 calendar day period to regain compliance, provided that the Company on July 14, 2025 meets the continued listing requirement for market value of publicly held shares and all other applicable initial listing standards for The Nasdaq Capital Market, with the exception of the minimum bid price requirement, and will need to provide NASDAQ written notice of its intent to cure the deficiency during the second compliance period.

If the Company does not regain compliance within the allotted compliance period or periods, including any extensions that NASDAQ may determine to grant, NASDAQ will provide notice that the Common Stock will be subject to delisting. The Company would then be entitled to appeal that determination to a NASDAQ hearings panel. There can be no assurance that the Company will regain compliance with the minimum bid price requirement during the 180-day compliance period, secure a second period of 180 days to regain compliance or maintain compliance with the other NASDAQ listing requirements.

Annual Report Deficiency

On January 17, 2025, the Company received another notice (the “Annual Report Notice”) from NASDAQ indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company did not timely file its Annual Report on Form 10-K for the period ended September 30, 2024 (the “Form 10-K”) with the Securities and Exchange Commission (the “SEC”). The Annual Report Notice has no immediate effect on the listing of the Company’s stock on Nasdaq, and it states that the Company is required to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) within 60 calendar days from the date of the Annual Report Notice. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 10-K to regain compliance. In determining whether to accept such plan, Nasdaq will consider such things as the likelihood that the remedial filing, along with any subsequent periodic filing that will be due, can be made within the 180 day period, the Company’s past compliance history, the reasons for the late filing, other corporate events that may occur within our review period, the Company’s overall financial condition and its public disclosures. Any subsequent periodic filing that is due within the 180-day exception period must be filed no later than the end of the period.

Due to business and management restructuring, the Company needs additional time to complete its financial statements, notes to the financial statements, as well as to have the report reviewed by its accountants and attorneys. The Company continues to work diligently to enable the filing of the Form 10-K with the SEC as soon as reasonably practicable.

About CIMG Inc.

 

CIMG Inc. is a digital marketing, sales and distribution company for various consumer products with focuses on food and beverages. Dedicated to reshaping the digital marketing and distribution with technological applications, the Company endeavors to create greater commercial value for its business partners and therefore enhance its own enterprise value and shareholders’ value of their stake in the Company. The Company has a professional branding and marketing management system, which can quickly help partnering enterprises achieve their connection, management, and operation of marketing channels globally.

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary for its operations, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

For more information, please contact:

http://www.ccmg.tech

ir@ccmg.tech

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Press Release

Swarm Network Secures $3M Seed Round

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1 minute ago

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January 23, 2025

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Swarm Network Secures $3M Seed Round Led by ZeroStage and Y2Z Ventures

Launching a New Era for Decentralized AI Agent Swarms

British Virgin Islands, 23rd January 2025, ZEX PR WIRE, Swarm Network has successfully raised $3 million in a seed funding round, led by ZeroStage and Y2Z Ventures, with additional support from a syndicate of private investors. This capital injection marks a significant advancement in developing the infrastructure for decentralized AI Agent Swarms and fostering a trust-centric digital economy.

Vision: Scalable Decentralized Truth

Swarm Network is committed to establishing a Multi-Agent Collaboration Framework that allows individuals to own, manage, and monetize AI agents. This framework transforms individual agents into dynamic swarms capable of validating real-time data, anchoring it on-chain, and powering applications across the Web3 ecosystem.

The platform’s flagship initiative, the Truth Protocol, exemplifies the transformative power of large-scale AI-Agent Swarms by enabling applications like RollUp News to tag and verify information in real time. This innovation effectively combats misinformation and significantly enhances the functionality of AI ecosystems.

Strategic Investor Partnerships

ZeroStage and Y2Z Ventures are renowned for investing in transformative Web3 projects, including Mask, Near, and Polygon. Their participation in Swarm Network underscores the platform’s potential to revolutionize decentralized infrastructure. Aligning with investors who share a long-term vision ensures sustainable growth and the ability to deliver significant impact.

This funding round positions Swarm Network to scale its operations and accelerate the development of its decentralized AI infrastructure, paving the way for a more trustworthy and efficient digital economy.

For more information,visit Swarm Network’s website or contact their media relations team at business@swarmnetwork.ai.

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Press Release

Eduardo Passi Nam: Setting New Benchmarks in the Qualified Medical Evaluator QME Industry

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16 minutes ago

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January 23, 2025

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United States, 23rd Jan 2025 — Eduardo Passi Nam has become a cornerstone of innovation and excellence in the Qualified Medical Evaluator (QME) industry. Through decades of dedicated service, he has redefined industry standards, introduced groundbreaking methodologies, and advocated tirelessly for ethical practices and fair patient assessments. With a steadfast focus on quality and precision, Mr. Passi Nam continues to shape the future of QME services.

Driving Excellence Across the QME Landscape

With over 30 years of experience in the insurance and medical evaluation sectors, Eduardo Passi Nam has played a pivotal role in modernizing QME practices. His leadership at Prime Medical Evaluators has not only raised the bar for medical assessments but also streamlined processes, making evaluations more efficient and accessible for all stakeholders. Key achievements include:

  • Redefined Evaluation Practices: Implementing streamlined protocols to improve accuracy and reduce turnaround times for evaluations.
  • Improved Workflow Systems: Introducing operational enhancements that lower costs while maintaining excellence in service delivery.
  • Accurate and Comprehensive Reporting: Delivering detailed medical-legal reports that meet and exceed industry expectations.

Championing Ethical Standards and Advocacy

Eduardo Passi Nam is recognized as a strong proponent of integrity in the QME field. His contributions to ethical standards include:

  • Patient Advocacy: Promoting fairness and transparency in medical evaluations to protect patient rights.
  • Professional Development: Developing resources to enhance the expertise of medical evaluators while emphasizing ethical responsibility.
  • Regulatory Collaboration: Working closely with industry bodies to ensure compliance and continuous improvement within the QME space.

Innovations in Training and Education

Understanding the need for robust educational frameworks, Eduardo Passi Nam has created impactful training programs aimed at advancing the skills of current and aspiring QME professionals. His contributions include:

  • Interactive Learning Modules: Conducting workshops and seminars to provide hands-on experience with real-world scenarios.
  • Digital Training Access: Launching virtual platforms to make specialized QME education accessible globally.
  • Mentorship Initiatives: Offering personalized guidance to new entrants in the industry, ensuring their success and adherence to high standards.

Embracing Technology to Revolutionize QME Services

Recognizing the transformative power of technology, Eduardo Passi Nam has spearheaded digital innovations within the QME field. His efforts focus on:

  • AI-Driven Solutions: Integrating advanced AI tools to enhance report accuracy and streamline communication among healthcare providers.
  • Data Security: Ensuring that sensitive patient information remains protected through cutting-edge systems.
  • Operational Efficiency: Leveraging technology to reduce paperwork and improve evaluation timelines.

Vision for the Future

Eduardo Passi Nam envisions a QME industry that prioritizes integrity, efficiency, and collaboration. His forward-looking initiatives aim to:

  • Expand access to quality education for QME professionals.
  • Strengthen ties between evaluators and healthcare providers to ensure seamless service delivery.
  • Advocate for patient-centered policies that balance fairness with accuracy.

“Our mission goes beyond conducting evaluations; it’s about creating an industry rooted in trust, precision, and ethical responsibility,” said Mr. Passi Nam. “Together, we can build a future where every stakeholder benefits from a transparent and efficient system.”

For more information visit http://www.primemedicalevaluators.com 

About Eduardo Passi Nam

Eduardo Passi Nam is a visionary leader in the Qualified Medical Evaluator (QME) industry. With a career marked by transformative contributions and unwavering dedication, he has redefined how evaluations are conducted while advocating for higher standards across the board. His innovative approaches continue to inspire excellence and foster growth within the field.

About Prime Medical Evaluators

Prime Medical Evaluators specializes in providing industry-leading QME preparation and medical-legal services. Known for their commitment to excellence, the company supports doctors seeking QME certification and attorneys requiring precise medical evaluations for legal cases. Prime Medical Evaluators is at the forefront of shaping a transparent and effective QME industry.

Media Contact

Organization: Prime Medical Evaluators

Contact Person: Dr. Eugene C. Rajaratnam

Website: http://www.primemedicalevaluators.com/

Email: Send Email

Contact Number: +18003108707

Address: 14623 Hawthorne Blvd. Ste. 307 Lawndale CA. 90260

Country: United States

Release Id: 23012522913

The post Eduardo Passi Nam: Setting New Benchmarks in the Qualified Medical Evaluator QME Industry appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Safe & Secure: How to Be Safe & Secure in 2024 and Beyond by Chief Dr. Lance Jones Sr.

Published

16 minutes ago

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January 23, 2025

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Unveiling “Safe & Secure”: Dr. Lance Jones’s Definitive Guide to Modern Safety and Security Challenges

Greensboro, North Carolina, United States, 22nd Jan 2025, – The anticipation has culminated in the launch of a much-awaited powerful resource that promises to transform the way you approach safety and security. With over 45 years of valuable experience in security and law enforcement, Dr. Lance Jones brings you essential insights drawn from his roles as a respected member of the U.S. State Department’s Overseas Security Advisory Council (OSAC) and former President of the North State Police Union chapter President.

Safe & Secure: How to Be Safe & Secure in 2024 and Beyond by Chief Dr. Lance Jones Sr.

Why This Book is Essential for You: “Safe & Secure” is more than just a book—it’s your personal guide to navigating the complexities of modern security challenges.

Dr. Jones leverages his extensive experience working with American corporate and civic leaders to deliver insights that will empower you to: –

Combat Cyber Crime:
Learn actionable steps to safeguard your online presence in an era where threats continue to escalate.

 Understand Political and Social Dynamics: Identify warning signs of unrest and learn how to effectively respond to maintain safety.

Enhance Personal Safety:
Discover practical strategies to protect yourself and loved ones from rising civilian crime rates. –

Safe & Secure: How to Be Safe & Secure in 2024 and Beyond by Chief Dr. Lance Jones Sr.

Build Mental Resilience:
Equip yourself with tools to manage stress and stay secure in hostile environments, fostering peace of mind. Who Should Embrace This Book? “Safe & Secure” is a must-read for anyone age 18 and older, serving individuals, families, and corporate leaders who seek not only to protect themselves but to contribute positively to their communities. Inside, you’ll find the tactical knowledge necessary to enhance your safety and that of those around you. 

Special Limited-Time Offer: Free Sample!
For a limited time, you can snag a FREE sample of “Safe & Secure.” Don’t miss out on this opportunity! Head to Amazon or your local bookstore to purchase your copy today and start your journey toward greater security.

Take Control of Your Safety Today:
Ultimately, preparedness is your best defence. Don’t let uncertainty dictate your life—equip yourself with the insights and strategies necessary to face today’s challenges head-on.
Secure your copy of “Safe & Secure” now and begin a safer, more confident tomorrow!

For media inquiries, please contact:

Dr. Lance Jones Sr,

+1(336) 645 3998

www.safesecureworldwide.com

chiefjones@safesecureworldwide.com

Media Contact

Organization: Safe Secure Worldwide

Contact
Person: Dr. Lance Jones Sr

Website:

https://www.safesecureworldwide.com

Email:

chiefjones@safesecureworldwide.com

City: Greensboro

State: North Carolina

Country:United States

The post Safe & Secure: How to Be Safe & Secure in 2024 and Beyond by Chief Dr. Lance Jones Sr. appeared first on
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