Wall Street Researcher

SAFE-T GROUP LTD

SFET NASDAQ

Revs Soar 181% – Shares Jump

BREAKOUT ALERT

$6.00 Target  – Buy Rating

Safe-T Group Reports Strong First Half 2022 Performance with Revenues of $8.8 Million, up 181% Compared to Prior Year

 These cyber security shares hit a high of $2.98 last year before consolidating and forming a solid base near current levels . These shares broke above their 50 day M/A of $0.51 cents and we feel is about to break above the 100 day M/A of $0.56 as volume expands .

In a recent  Dawson James Research Report . Jan 31 2022 – a buy rating with a $6.00 target price was issued. We look for a major BREAKOUT to take place and urge all serious investors to immediately place these shares on their BUY LIST.

Safe-T to Participate in Upcoming Investors Events in the US During October 2022

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Safe-T Group Reports Strong First Half 2022 Performance with Revenues of $8.8 Million, up 181% Compared to Prior Year

Sequential Quarterly Net Loss Reduced by 33%, Further Reductions Expected to Accelerate Significantly in Third Quarte r

Recent Funding Initiative s to A dd Over $ 5 Million on T op of Current Capital Resources to Support Continued Growth

HERZLIYA, Israel, Aug. 31, 2022 (GLOBE NEWSWIRE) — Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET) (“Safe-T” or the “Company”), a global provider of cyber-security and privacy solutions to consumers and enterprises, today announced record financial results for the six-month period ended June 30, 2022.

Key highlights for the six months ended June 30, 2022:

• Revenues for the six months ended June 30, 2022 reached a record high of $8,798,000, an increase of 181% compared to the six-month period ended June 30, 2021. In the three months ended June 30, 2022, revenues totaled a record of $4,777,000, an increase of 168% compared to the three months ended June 30, 2021.
• Gross profit for the six – month period ended June 30, 2022 amounted to $4,733,000, an increase of 279% compared to the corresponding period in 2021. For the three-month period ended June 30, 2022,gross profit amounted to $2,616,000, an increase of $225% compared to the corresponding period in 2021.
• Operating expense reduction efforts resulted in a 33% decrease in net loss in the second quarter of 2022 compared to the first quarter of 2022 (25% on a non-IFRS basis). Ongoing expense reduction efforts are expected to drive improved operational results in the third quarter of 2022.
• The Company’s privacy enterprises business reached break-even operating results (excluding recently eliminated legal expenses).

“The financial results of the first half of 2022 reflect how effectively we continued to execute our strategy with diversified businesses into the large cybersecurity and privacy markets. We continue to drive significant and sustainable revenue growth while efficiently executing ongoing cost reduction efforts. During May and August, we secured a $2 million non-dilutive credit line facility from a leading Israeli bank and a strategic financing of up to $4 million, which may lead to potential future funding at premium valuations for the Company. Supporting our current level of growth requires investment into our consumer products and into acquiring new customers, and we are extremely proud to have secured additional funding through creative financing initiatives that support the Company’s growth well into 2023, without impacting our shareholders at current market valuations. We believe these achievements are a strong validation of our business model and the long-term potential of Safe-T,” said Shachar Daniel, Chief Executive Officer of Safe-T.

Second Quarter 2022 Highlights and Recent Business Developments:

• Strong Continued Growth : Safe-T continued to deliver strong year-over-year financial performance, driven largely by growth in the Company’s consumer and enterprise privacy businesses.
• Cost Reduction : Ongoing cost reductions implemented across the business last quarter, as well as the final settlement of patent litigation related to the Company’s enterprise privacy business , will contribute significantly to reduced general and administration costs throughout the remainder of 2022.
• Financing Initiatives : In the second quarter , the Company secured a $2 million non-dilutive credit line facility from United Mizrahi-Tefahot Bank Ltd. to support the growth of its consumer privacy solution. I n August, Safe – T secured a strategic investment of up to $4 million which will be also utilized to bolster its operations and growth. Led by a former CEO of the Company’s enterprise privacy business subsidiary, this investment features a unique structure to protect shareholders from near-term dilution and is based on a revenue share model on newly acquired customers. The investor is also incentivized to provide additional funding through warrants exercisable at premiums ranging from 135% to 300% of the closing share price at the date of the agreement. The cash available under these financing initiatives, aggregating up to more than $5 million, is in addition to the $4.04 million cash and cash equivalents as of June 30, 2022.
• Product D evelopment and Offering : In July, the Company introduced two new products as it further penetrates the global consumer market. Safe-T launched its privacy solution for Windows, allowing it to enter the large desktop computer market with its first product and introduced its privacy solution for Android mobile devices. With these launches, Safe-T can now serve customers across all major hardware platforms including mobile devices running Apple iOS, Android, and personal computers.

“Our strong first half results reinforce our confidence in the prospects and outlook for our business, as our growth strategy continues to build momentum. In the second half of 2022, our team’s focus will be on further building upon the strength of our cybersecurity and privacy business by leveraging the recent funding and our new products to drive additional growth. Over the past four quarters, our Apple iOS offerings have driven continuous record growth. Through the strategic expansion of our consumer portfolio with new solutions for the large, untapped desktop computer and Android markets, Safe-T is now positioned to capitalize on exciting new revenue opportunities. We remain firmly focused on our cost reduction plan, improving the efficiency of the business and together with our new products and investments into our customer acquisition program, we expect to not only drive significant additional revenue growth, but deliver improved financial performance in the months ahead,” concluded Mr. Daniel.

Financial Results for the Three Months Ended June 30, 2022:

• Total revenues amounted to $4,777,000 (Q2.2021: $1,784,000). The growth is attributed to the increase in enterprise privacy business revenues and the consolidation of CyberKick’s revenues following the completion of its acquisition on July 4, 2021.
• Cost of revenues totaled $2,161,000 (Q2.2021: $979,000). The increase is mainly a result of the consolidation of CyberKick’s cost of revenues, mainly in traffic acquisition costs for third party products.
• Research and development expenses totaled $889,000 (Q2.2021: $781,000). The increase is attributed to the consolidation of CyberKick’s research and development expenses and the development of new products, partially offset by a reduction in research and development expenses of the enterprise security segment, due to the Company’s previously announced agreement with TerraZone Ltd.
• Sales and marketing expenses totaled $2,624,000 (Q2.2021: $1,308,000). The increase is mainly attributed to the consolidation of CyberKick’s sales and marketing expenses, primarily its media costs, partially offset by a reduction in the sales and marketing expenses of the enterprise security segment, due to the agreement with TerraZone Ltd.
• General and administrative expenses totaled $1,998,000 (Q2.2021: $1,488,000). The increase is mainly due to higher professional fees, predominantly legal, in connection with patent-related proceedings brought by and against Bright Data Ltd., which were resolved by settlement on May 17, 2022.
• IFRS net loss totaled $3,158,000, or $0.10 basic loss per ordinary share (Q2.2021: net loss of $2,370,000, or $0.09 basic loss per ordinary share).
• Non-IFRS net loss totaled $2,523,000, or $0.08 basic loss per ordinary share (Q2.2021: loss of $2,174,000, or $0.08 basic loss per ordinary share).

Financial Results for the Six Months Ended June 30 , 2022:

• Total revenues amounted to $8,798,000 (H1.2021: $3,131,000). The growth is attributed to the increase in enterprise privacy business revenues and the consolidation of CyberKick’s revenues following the completion of its acquisition on July 4, 2021.
• Cost of revenues totaled $4,065,000 (H1.2021: $1,883,000). The increase is mainly a result of the consolidation of CyberKick’s cost of revenues, primarily traffic acquisition costs for third party products.
• Research and development expenses totaled $2,283,000 (H1.2021: $1,483,000). The increase is attributed to the consolidation of CyberKick’s research and development expenses and the development of new products, partially offset by a reduction in the research and development expenses of the enterprise security segment, due to the agreement with TerraZone.
• Sales and marketing expenses totaled $5,658,000 (H1.2021: $2,430,000). The increase is primarily attributed to the consolidation of CyberKick’s sales and marketing expenses, primarily its media costs, partially offset by a reduction in the sales and marketing expenses of the enterprise security segment, due to the agreement with TerraZone Ltd.
• General and administrative expenses totaled $4,249,000 (H1.2021: $2,588,000). The increase is mainly due to higher professional fees, predominantly legal, in connection with patent-related proceedings brought by and against Bright Data Ltd, which were resolved by settlement on May 17, 2022.
• IFRS net loss totaled $7,885,000, or $0.26 basic loss per ordinary share (H1.2021: net loss of $4,883,000, or $0.20 basic loss per ordinary share).
• Non-IFRS net loss totaled $5,889,000, or $0.19 basic loss per ordinary share (H1.2021: loss of $4,186,000, or $0.17 basic loss per ordinary share).

We define non-IFRS net loss as a loss which excludes, as applicable: (i) amortization and impairment of intangible assets and goodwill; (ii) share-based compensation expense; (iii) issuance costs in connection with our offerings; (iv) changes in fair value of finance liabilities including measurement of contingent consideration and (v) income taxes, starting from the second quarter of 2022 (adjusted retrospectively for all prior periods presented).

The following table presents the reconciled effect of the above on the Company’s net loss for the three- and six-months periods ended June 30, 2022 and 2021, and for the year ended December 31, 2021:

Balance Sheet Highlights:

• As of June 30, 2022, shareholders’ equity totaled $17,316,000, or approximately $0.57 per outstanding American Depository Share, as of June 30, 2022, compared to shareholders’ equity of $24,187,000 on December 31, 2021. The reduction is mainly due to the Company’s operating loss during the period.
• As of June 30, 2022, the Company’s cash and cash equivalents balance aggregated to $4,040,000, compared to $3,828,000 on December 31, 2021. The Company’s cash balance does not account for up to an additional $5.6 million in funds under its recently secured credit line facility and investment financing.

Additional details on the Company’s financials, products and strategy are available on the Company’s website here .

Use of Non-IFRS Financial Results
In addition to disclosing financial results calculated in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board, this press release contains non-IFRS financial measures of net loss for the periods presented that exclude the effect of share-based compensation expenses, amortization of intangible assets and the revaluation of finance liabilities at fair value, including measurement of contingent consideration. The Company’s management believes the non-IFRS financial information provided in this release is useful to investors’ understanding and assessment of the Company’s ongoing operations. Management also uses both IFRS and non-IFRS information in evaluating and operating its business internally, and as such deemed it important to provide this information to investors. The non-IFRS financial measures disclosed by the Company should not be considered in isolation, or as a substitute for, or superior to, financial measures calculated in accordance with IFRS, and the financial results calculated in accordance with IFRS and reconciliations to those financial statements should be carefully evaluated. Investors are encouraged to review the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures provided in the financial statement tables herein.

Second Quarter 2022 Financial Results Conference Call

Mr. Shachar Daniel, Chief Executive Officer of Safe-T, and Mr. Shai Avnit, Chief Financial Officer of Safe-T, will host a conference call today, on August 31, 2022, at 08:30 a.m. ET, to discuss the second quarter of 2022 financial results, followed by a Q&A session.

To attend the conference call, please dial one of the following teleconferencing numbers. Please begin by placing your call five minutes before the conference call commences. If you are unable to connect using the toll-free number, please try the international dial-in number:

Participants will be required to state their name and company upon entering the call. If you have any difficulty connecting with the conference call, please contact Michael Glickman on behalf of Safe-T at 917-397-2272.

The conference call will be broadcast live and available for replay at https://viavid.webcasts.com/starthere.jsp?ei=1564701&tp_key=1dbb884489 and via the investor relations section of the Company’s website at https://www.safetgroup.com .

A replay of the conference call will be available after 11:30 a.m. Eastern time through September 28, 2022:

About Safe-T Group Ltd.

Safe-T Group Ltd. (Nasdaq, TASE: SFET) is a global provider of cyber-security and privacy solutions to consumers and enterprises. The Company operates in three distinct segments – consumer cyber-security and privacy solutions, enterprise privacy solutions and enterprise cyber-security solutions.

Our cyber-security and privacy solutions for consumers provide a wide security blanket against ransomware, viruses, phishing, and other online threats, as well as a powerful, secured and encrypted connection, masking their online activity and keeping them safe from hackers. The solutions are designed for both advanced and basic users, ensuring full protection for all personal and digital information.

Our privacy solutions for enterprises are based on our advanced and secured proxy network, the world’s fastest, enabling our customers to collect data anonymously at any scale from any public sources over the web using a unique hybrid network. Our network is the only one of its kind that is comprised of millions of residential exit points based on our proprietary reflection technology and hundreds of servers located at our ISP partners around the world. The infrastructure is optimally designed to guarantee the privacy, quality, stability, and the speed of the service.

Our cyber-security solutions for enterprises, designed for cloud, on-premises and hybrid networks, mitigates attacks on enterprises’ business-critical services and sensitive data, while ensuring uninterrupted business continuity. Organizational data access, storage and exchange use cases, from outside the organization or within, are secured according to the “validate first, access later” philosophy of Safe-T’s zero trust. Our ZoneZero® solutions are available by our reseller, TerraZone Ltd. , a global information security provider, as a solution or cloud service.

For more information about Safe-T, visit www.safetgroup.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor.” Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Safe-T is using forward-looking statements in this press release when it discusses its expectation that ongoing expense reduction efforts will drive improved operation results, the potential for future funding at premium valuations, the Company’s expectations regarding its momentum, potential, prospects and outlook, its expectations regarding additional growth in the second half of 2022, the ability to capitalize on new revenue opportunities, improving the efficiency of the business and to drive significant additional revenue growth and deliver improved financial performance in the months ahead. Because such statements deal with future events and are based on Safe-T’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Safe-T could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Safe-T’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 29, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Safe-T undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on

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Safe-T Group to Release Second Quarter 2022 Financial Results on August 31, 2022

The Company Will Host a Conference Call on Wednesday, August 31, 2022, at 08:30 a.m. Eastern Time

HERZLIYA, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) — Safe-T® Group Ltd . (NASDAQ: SFET) (TASE: SFET), a global provider of cyber-security and privacy solutions to consumers and enterprises, will release its financial results for the second quarter ended June 30, 2022, before the Nasdaq market opens on Wednesday, August 31, 2022.

Mr. Shachar Daniel, Chief Executive Officer, and Mr. Shai Avnit, Chief Financial Officer, will host a conference call on August 31, 2022, at 08:30 a.m. ET, to discuss the financial results, followed by a Q&A session.

To attend the conference call, please dial one of the following teleconferencing numbers. Please begin by placing your call five minutes before the conference call commences. If you are unable to connect using the toll-free number, please try the international dial-in number:

Participants will be required to state their name and company upon entering the call. If you have any difficulty connecting with the conference call, please contact Michael Glickman on behalf of Safe-T Group at 917-397-2272.

The conference call will be broadcast live and available for replay at https://viavid.webcasts.com/starthere.jsp?ei=1564701&tp_key=1dbb884489 and on the Company’s website at https://www.safetgroup.com .

A replay of the conference call will be available after 11:30 a.m. Eastern time through September 28, 2022.

About Safe-T Group Ltd.

Safe-T Group Ltd. (Nasdaq, TASE: SFET) is a global provider of cyber-security and privacy solutions to consumers and enterprises. The Company operates in three distinct segments, tailoring solutions according to specific needs. The segments include, enterprise cyber-security solutions, enterprise privacy solutions, and consumer cyber-security and privacy solutions.

Our cyber-security and privacy solutions for consumers provide a wide security blanket against ransomware, viruses, phishing, and other online threats as well as a powerful, secured and encrypted connection, masking their online activity and keeping them safe from hackers. The solutions are designed for the advanced and basic users, ensuring full personal protection for all personal and digital information.

ZoneZero® cyber-security solutions for enterprises, designed for cloud, on-premises and hybrid networks, mitigate attacks on enterprises’ business-critical services and sensitive data, while ensuring uninterrupted business continuity. Organization’s access use cases, whether from outside the organization or within the organization, are secured according to the “validate first, access later” philosophy of Safe-T’s zero trust.

Our privacy solutions for enterprises are based on our world’s fastest and most advanced and secured proxy network, enabling our customers to collect data anonymously at any scale from any public sources over the web using a unique hybrid network. Our network is the only one that comprises of both millions of residential exit points based on our proprietary reflection technology and hundreds of servers located at our ISP partners around the world. The infrastructure is optimally designed to guarantee the privacy, quality, stability and the speed of the service.

Safe-T Group Expands Consumer Privacy Solution Portfolio with New Application for Android Users

Company’s Privacy Solutions Now Available for Leading Portable Mobile Devices and Desktops Including Android, Apple iOS and Windows Personal Computers

HERZLIYA, Israel, July 18, 2022 (GLOBE NEWSWIRE) — Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET) (“Safe-T” or the “Company”), a global provider of cyber-security and privacy solutions to consumers and enterprises, today announced the further expansion of its offerings with the release of its consumer privacy solution for Android mobile devices including smartphones and tablets.

The new application for Android provides users with privacy protection tool. Utilizing advanced encryption technologies, the new privacy solution prevents a user’s personal data from being accessed or monitored. By blocking the ability to track or monitor a user’s online activity and history, their personal information remains private.

The Android operating system powers approximately 70% of all mobile devices in worldwide ^[1] use today representing a large and growing unserved global market for Safe-T. The launch of the Company’s consumer privacy solution for Android follows upon the success of its iOS version for Apple devices and the recent launch of its first application for Windows-based personal computers. Available for all major devices and endpoints, the Company’s solutions deliver an easy-to-use experience across all platforms while protecting a user’s data and privacy by blocking the tracking and monitoring of their internet browsing activities.

“Safe-T is committed to harnessing the power of its unique, easy-to-use privacy and cybersecurity technologies to help protect consumers from the increasing number of online threats they face every day. With the launch of our privacy solution for Android, we now have the capability to extend our reach across every major operating system and device platform in use today, presenting us with many exciting growth opportunities created by an increasingly connected world,” said Shachar Daniel, Chief Executive Officer of Safe-T.

Safe-T Group Ltd. (Nasdaq: SFET) (TASE: SFET) (“Safe-T” or the “Company”), a global provider of cyber-security and privacy solutions for consumers and enterprises, today announced its entrance into the home computer market with the release of its first consumer privacy solution designed for Windows personal computers (“PCs”).

Building upon the success and best-of-breed technology of its iOS privacy solution currently helping protect thousands of mobile devices, Safe-T is expanding its offerings into the global Windows PC market. Today, with approximately 50% of worldwide data traffic originating from desktop/laptop devices ¹ and with over 40% of global consumers having already become victims of online identity theft ² , the need for ensuring privacy when browsing from home is more critical than ever.

“Today, our privacy and personal data is increasingly at risk which is why it is important for us to provide our users with comprehensive protection for their desktop computers as well as their mobile iOS devices. We are proud to announce the release of our consumer privacy solution for Windows desktops, a strategic development that enables us to address a large global opportunity by expanding our offerings into the consumer home market,” said Shachar Daniel, Chief Executive Officer of Safe-T. “We intend to leverage the strong traction we are generating with our iOS mobile products as we further expand our portfolio into untapped market segments including other mobile and desktop platforms over the next few months.”

Utilizing advanced encryption technologies, the desktop privacy solution prevents a user’s personal data from being accessed or monitored by Internet Service Providers (“ISPs”), advertisers and third parties. By blocking the ability to track or monitor a user’s online activity and history, their personal information is protected when browsing from home or when using public Wi-Fi or other unsecured internet access points. With the consumer privacy for PCs, users can protect themselves from online attacks including identity and credit card theft.

Safe-T sees Q2 revenue $4.6M, an increase of ~150% Y/Y

• Safe-T Group ( NASDAQ: SFET ) expects to report revenues for the second quarter ended June 30, 2022, of ~$4.6M, an increase of ~150% over the $1.8M reported for Q2 2021 ( consensus of $4.01M ).
• Revenues for the six months ended June 30, 2022 are expected to exceed $8.6M, compared to revenues of $3.1M in the first six months of 2021, representing growth of ~175%.
• Revenue growth continues to be driven by the Co.’s ongoing investment in its leading privacy products.
• “During the Q2 2022, we have begun to see the early positive impacts of our cost reduction plan especially in our enterprise cybersecurity business. Furthermore, with the elimination of litigation expenses announced last month, we expect continued improvement in our operating results throughout the second half of the year.” said Shachar Daniel, CEO.
• SFET +8.0% premarket to $0.52.

Safe-T Group Ltd. Expects Record First Half 2022 Revenue of More Than $8.6 Million, Representing Growth of ~175% Over the First Six Months Results of 2021

Operating Results Expected to Continue to Improve in Second Quarter of 2022 and Beyond

HERZLIYA, Israel, July 06, 2022 (GLOBE NEWSWIRE) — Safe-T® Group Ltd. (Nasdaq: SFET) (TASE: SFET) (“Safe-T” or the “Company”), a global provider of cybersecurity and privacy solutions to consumers and enterprises, today provided preliminary revenue guidance for the first half of fiscal 2022.

Based upon a preliminary, unaudited review, Safe-T expects to report revenues for the second quarter ended June 30, 2022, of approximately $4.6 million, an increase of approximately 150% over the $1.8 million reported for the second quarter of 2021. Revenues for the six months ended June 30, 2022 are expected to exceed $8.6 million, compared to revenues of $3.1 million in the first six months of 2021, representing growth of approximately 175%. Revenue growth continues to be driven by the Company’s ongoing investment in its leading privacy products.

Shachar Daniel, Chief Executive Officer of Safe-T, stated, “We are pleased with Safe-T’s growth in the first half of 2022, reflecting the positive contributions generated across our business lines as customer demand for our recently introduced privacy and cybersecurity offerings continues to increase. In addition to the topline growth, during the second quarter of 2022, we have begun to see the early positive impacts of our cost reduction plan especially in our enterprise cybersecurity business. Furthermore, with the elimination of litigation expenses announced last month, we expect continued improvement in our operating results throughout the second half of the year.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Safe-T is using forward-looking statements in this press release when it discusses preliminary unaudited estimates of revenues for the three month period ended March 31, 2022 , its outlook for the future,  the Company’s growth potential, pipeline and trends, its ability to use LTV to estimate recurring revenue, its belief that the expanding recurring revenue stream in the consumer business will be an important driver of future value and its ability to continue leveraging its successes through further investments into new and innovative products and accelerating customer acquisitions and to translate that into sustained, long-term enterprise value, and ultimately, bottom-line profitability. Because such statements deal with future events and are based on Safe-T’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Safe-T could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Safe-T’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 29, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Safe-T undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Safe-T is not responsible for the contents of third-party websites.

The Company is providing revenue estimates in this press release, rather than final amounts, primarily because the financial closing process and review are not yet complete and, as a result, the Company’s final results upon completion of its closing process and review may vary from these preliminary estimates.

Neither PSN or WSR nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN or WSR website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN  or WSR website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN  or WSR website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision. Writer charges a fee of $2500  per month  ut hasnt been paid for this article at publishing  . All Reports are reviewed for accuracy and concur that any conclusions made are reasonable expectations. The term Buy List referring to a Watch List and not a recommendation to buy . Each individual has their own risk level and should know their risk level and act accordingly