JZZ Technologies, Inc. Receives Increased Assessment of Its Database Asset Value of Over $35 Million
JZZ Technologies, Inc.'s digital marketing division has received an updated third-party assessment of its proprietary database that values the asset at over $35 million based on available industry data
Anderson, South Carolina--(Newsfile Corp. - October 20, 2022) - JZZ Technologies Inc. (OTC PINK: JZZI) ("JZZ" or the "Company"), a diversified company focused on digital media, biotechnology acquisitions related to human life extension longevity and active lifestyle real estate development has received an independent assessment of its proprietary marketing database indicating that the total record set has an asset value of over $35 million.
The updated valuation of its aggregate database includes all of the records that have recently been added to the Company's proprietary records. The cumulative total now accounts for over 100 million records that are held by JZZ Technologies, Inc. These include the following groups that can be selected according to their respective verticals:
- 35 million+ U.S. seniors (individual age 55 or older)
- 1.2 million U.S. physicians (by practice or specialty)
- 500,000 U.S. Veterans (verified according to service)
- 28 million healthcare product consumers
- 37 million pharmacy product subscribers
- 21 million business professionals and owners
It is important to note that this is an unaudited assessment by an independent industry expert based on a pricing model that uses comparable commercial databases available for marketing to similar or identical target audiences.
The digital marketing division of JZZ is working directly with its digital direct marketing contractor Bushido Commerce to increase its marketing capacity and maximize the value of its various data sets. Leveraging Bushido Commerce's experience and respected history in the industry, JZZ has been able to attract high-profile marketers. These include one of the leading internet service providers that is using the Company's database in a User Acquisition program, among others.
"We are beginning to realize the value of our digital asset portfolio and its potential impact on our revenue", says Charles Cardona, CEO of JZZ Technologies, Inc. "Using our proprietary database, we can offer real value for advertisers and partnership opportunities. The base value of our digital data asset has increased considerably since we received an initial assessment last year. That is a direct reflection of our efforts to grow our value on a mass scale."
The Company expects to add substantially to its marketing database over the next year and position itself as one of the leading providers of digital direct marketing. Management also expects that the data may be part of an audited valuation used for SEC reporting purposes in the near future.
About JZZ Technologies, Inc.
JZZ Technologies, Inc. is a diversified company engaged in several business sectors. Its Active Lifestyle Digital media business includes online media and apps (www.activelifestylemedia.com), content creation, and digital marketing, targeted to active adults 55+. Its strategic biotechnology and bioscience related to Human Life Extension seeks opportunities in quality of life businesses that support the aging population, and its Active Lifestyle Real Estate Development division is engaged in acquiring, managing, and operating commercial and residential real estate and housing development projects. For more information, please visit www.jzztechnologies.com.
JZZ Technologies, Inc.
Charles Cardona, CEO
DISCLAIMER and FORWARD-LOOKING STATEMENTS
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the Company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; and the volatility of the Company's operating results and financial condition. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct. Investors are cautioned that actual results may differ materially from the anticipated results.
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