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Argo Corporation Reports Third Quarter 2024 Financial Results

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TORONTO, Nov. 29, 2024 /CNW/ – Argo Corporation (TSXV: ARGH), (OTCQX: ARGHF) (“Argo” or the “Company”), a new venture delivering the first-ever vertically and publicly integrated city transit system, announced today its financial results for the quarter ended September 30, 2024 (“Q3 2024”). During the third quarter of 2024, Argo deployed its smart transit system with its first paying customers and made significant progress in restructuring prior initiatives in its publicly traded entity. 

Argo Highlights

Argo School: The Company successfully deployed its smart transit solution to a series of private schools in the Greater Toronto Area, providing end-to-end student transportation operations. Argo’s innovative technology delivers access to more flexibility and real-time tracking of students and vehicles, with unprecedented safety, reliability, and transparency for families and schools alike. The Company plans to continue to expand this solution to other private and public schools throughout Canada and abroad.Argo City: Argo’s public transit solution is the first to integrate custom software with vehicular hardware to create a network of intelligently routed vehicles that augment public transit systems with on-demand, door-to-door service. Argo City aims to reduce private car usage and increase ridership of existing public transit systems through partnership with cities, transit agencies, and governments. The Company expects to announce its first city partners in the coming months.R&D Investment: The Company’s quarterly R&D investment spend for Q3 2024 increased by 401% year-over-year. This investment reflects a significant focus on developing the Company’s proprietary vertically and publicly integrated city transit system, with significant progress in software and hardware functionality to enable seamless and reliable school and city deployments, putting people in control of their mobility.

Restructuring Updates

Vehicle Subscription: $8.5M in liabilities have been reclassified in Q3 2024 as held for sale as a result of wholly owned subsidiaries Steer EV Canada Inc. filing an assignment into bankruptcy under the Bankruptcy and Insolvency Act in Canada and Steer Holdings LLC, making a General Assignment for the Benefit of Creditors, pursuant to California law. The Company anticipates these liabilities will be removed in the coming quarters upon completing these legal processes, aligning with its restructuring efforts announced in the May 23, 2024, press release.Disputed Office Lease: Argo filed a statement of claim regarding a disputed office lease with landlord 8174709 Canada Inc. and the Company’s former CEO. The disputed lease represents $3.6M in liabilities and payables on the Company’s balance sheet.Sale of Financial Assets: The Company continues to engage in active sales processes for intellectual property and financial assets associated with the last venture in its publicly traded entity. In Q3 2024, the Company completed the sale of 14,200 shares of preferred stock in the capital of Westbrook Global Inc., receiving a cash payment of $750K as consideration.

FoodsUp Updates

Argo maintains a 59.95% non-controlling ownership interest in FoodsUp Inc. (“FoodsUp”), one of Canada’s leading restaurant supply platforms. In Q3 2024, FoodsUp had revenues of $28.7M, representing a 10% increase over Q2 2024 and a 61% yearly increase in quarterly revenues from Q3 2023.

The Company remains committed to implementing a transaction structure, the effect of which would be to provide the shareholders of Argo with the net proceeds from any sale of its interest in FoodsUp to a third party or an indirect or tracking ownership interest in FoodsUp in each case, as of to-be-determined record date (the “FoodsUp Divestment”). The FoodsUp Divestment, if it occurs, will mark an important step in the formal separation between the business of FoodsUp and Argo.

Q3 2024 Results Compared to Q3 2023

For the three months ended September 30

2024

2023

REVENUE

$449,567

$101,851

Cost of revenue

29,519

59,676

General and administration

1,019,001

377,350

Operational support

520,911

274,024

Research and development

614,149

122,573

Sales and marketing

73,054

73,068

Amortization

37,108

196,865

Depreciation

10,941

84,831

Total operating expenses

2,304,683

1,188,387

OPERATING LOSS

($1,855,166)

($1,086,536)

OTHER INCOME (EXPENSES)

Foreign exchange gain/ (loss)

(28,460)

(93,854)

Interest expenses

(532,931)

(61,018)

Interest income

1,023

272

Gain/ (Loss) on accounts payable settlements

301,483

–

Gain/ (Loss) on termination

279,606

–

Write down of intangible asset

(211,182)

–

Other income/(loss) from discontinued operations

(10,285,769)

(115,015)

Penalties and settlement

(68,500)

–

Share of loss of an associate

(593,014)

(2,860,412)

Net income/ (loss) from continuing operations

($12,992,860)

($4,216,563)

Discontinued Operations

Net income/ (loss) from discontinued operations

12,296,195

(1,037,987)

NET GAIN (LOSS)

($696,665)

($5,254,550)

Cumulative translation adjustment

(174,518)

(253,879)

NET PROFIT (LOSS)  AND COMPREHENSIVE PROFIT (LOSS)

($871,183)

($5,508,429)

(Loss) profit per share

– Basic and diluted

($0.01)

($0.04)

Weighted average shares outstanding – Basic and diluted

133,367,099

132,944,615

1 All figures are accurate to the hundreds.

In this press release, all references to ‘$’ are to Canadian dollars.

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.

About Argo

Argo delivers the first-ever vertically and publicly integrated city transit system. It is designed to augment public transportation and create a network of intelligently routed vehicles that work together to serve and scale to the needs of entire cities, putting people in control of their mobility. You can learn more at www.rideargo.com.

Praveen Arichandran, Co-CEO
Argo Corporation
(800) 575-7051

Forward-Looking Information

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate,” “estimate,” and “intend,” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in the Company’s securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. See “Forward-Looking Information” and “Risk Factors” in the Company’s Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2023 (filed on SEDAR+ on May 8, 2024) and its interim MD&A for the periods ended September 30, 2023, March 31, 2024, June 30, 2024, and September 30, 2024 for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks, and assumptions carefully when evaluating forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.

SOURCE ARGO CORPORATION

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Tessa AI Launches Tessa Newslink, a Free Tool That Checks Health News Against the Research Behind It

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Readers paste a link to a health story, and Newslink finds the studies behind it and shows, claim by claim, what the science actually supports

TUCSON, Ariz., Oct. 21, 2026 /PRNewswire/ — Tessa AI, Inc. (formerly Siensmetrica, Inc.) today launched Tessa Newslink, a free web tool that checks the health and medical claims in a news story against the published research behind them. Readers paste the link to an article into Newslink at news.tessapp.ai and, typically within one to four minutes, receive a plain-language report showing which of the story’s claims the research supports, which it overstates, and which it doesn’t address at all.

Health claims reach the public through news stories, podcasts, social media, influencers and product marketing, and many of them point to real studies. But as a finding travels from a journal to a headline to a social post, the details that determine what it means are often lost along the way: how many people were studied, whether the study involved people or mice, and whether it showed cause and effect or only a correlation. Few readers have the time or training to track down the original paper and check.

“Most people never get past the headline, but that isn’t a character flaw. The research is hard to find and even harder to read,” said Marc Toth, CEO of Tessa AI. “Newslink does that legwork. It finds the study, reads it, and shows whether the story got it right, with links so anyone can check our work. We’re not asking people to trust an AI. We’re showing them the evidence.”

How Tessa Newslink works

Identifies the claims. Newslink reads the article and pulls out its key health and medical claims, noting how strongly each one is made.Finds the research. It searches PubMed, Europe PMC and Crossref for the studies the story relies on. When an article doesn’t name its source, Newslink looks for published research that closely matches the subject.Compares the two. It weighs what each study actually found against what the story says.Delivers a verdict. The story as a whole is rated Supported, Mostly Supported, Mostly Unsupported or Entirely Unsupported, with a green, yellow or red indicator that shows at a glance how well it holds up. Each claim is rated individually as Supported, Overstated, Unsupported, or Can’t Be Checked when the research doesn’t address it.

Every report links back to the original article, to each claim, to the research itself, and to Tessa’s Summary Analysis of each study, including its TScore, Tessa’s 0-to-100 rating of a study’s overall trustworthiness. Reports can be quickly shared to X, LinkedIn or Facebook, or by link through email and text.

Newslink is designed for anyone who reads health news, including the people who report it. Journalists, editors, clinicians and patient advocates can use it to see what a study did and didn’t show before they cover it, cite it or pass it along.

“Health misinformation isn’t kept behind a paywall, so the tools for checking it shouldn’t be either,” Toth said. “Making Newslink free was the whole point.”

Newslink runs on the same T.E.S. (Transparency, Explainability, and Significance) analysis engine as Tessa and Tessa Pro, which researchers, clinicians, peer reviewers and biopharma professionals have used to evaluate biomedical research since the platform’s public launch in May 2026. Newslink evaluates whether published research supports the claims in a story; it does not provide medical advice.

Availability
Tessa Newslink is available now at no cost at https://news.tessapp.ai. There’s no account, sign-in or daily limit: readers simply paste in the link to the story they want to check.

Tessa AI is also exploring partnerships with health, news and social media platforms interested in bringing Newslink’s claim checking to their audiences. Publishers and platforms can reach the company at partners@tessaai.co.

Tessa AI’s product team will also preview Newslink this week with attendees of DOC 2026: Longevity Science & Medical AI in Sonoma, Calif.

About Tessa AI, Inc.
Tessa AI, Inc. (formerly Siensmetrica, Inc.) develops Tessa, an AI-powered platform that evaluates the trustworthiness of biomedical and healthcare research. Built on the T.E.S. (Transparency, Explainability, and Significance) framework, Tessa uses coordinated, specialized AI agents to assess a paper’s methodology, citations, reporting completeness, and risk of bias, and shows the evidence behind every score. The company’s products, including Tessa, Tessa Pro, and the free Tessa Newslink, support scientific research across its full lifecycle, from evaluating published studies to checking how they’re reported to the public. Learn more at www.tessaai.co.

Media contact:
Sage Osterfeld, CMO
425295@email4pr.com 
+1 (760) 593-7243

View original content:https://www.prnewswire.com/news-releases/tessa-ai-launches-tessa-newslink-a-free-tool-that-checks-health-news-against-the-research-behind-it-302915067.html

SOURCE Tessa AI, Inc.

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SKG Wins Three Global Travel Retail Awards, Showcasing Technology for Modern Travel and Expanding Global Presence

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PARIS, Oct. 21, 2026 /PRNewswire/ — Chinese health technology brand SKG has received three honors at the Global Travel Retail Awards 2026, with its G7 Pro Fold Neck Massager winning both “Best Technology Product” and “Best Travel Accessory,” while the W9 Ultra Waist Massager earned “Best Travel Exclusive Product.” Notably, “Best Technology Product” and “Best Travel Exclusive Product” were introduced for the first time in 2026, making SKG the inaugural winner in both categories. https://www.skg.com/?utm_source=media_name&utm_medium=pr&utm_campaign=product_launch_2026

The Global Travel Retail Awards is the only consumer-voted award in the global duty-free and travel retail industry. 80% of the final score comes from 5,000 international travelers selected from research agency m1nd-set’s traveler database, while a panel of travel content creators determines the remaining 20% following a three-day hands-on evaluation in London. This year’s winners also included internationally recognized brands such as Marc Jacobs and Clarins.

Under the awards program’s long-standing practice, both winning SKG products will enter global travel retail channels carrying the “Voted by Shoppers” designation, a mark that organizers say can significantly enhance consumer purchase intent.

Technology for Travel Wellness

The recognition comes as global air travel continues to recover and long-haul journeys, multi-stop itineraries, and intensive business travel become increasingly common. As travelers pay greater attention to managing neck, shoulder, and lower-back discomfort on the move, wearable wellness devices are becoming a regular part of carry-on essentials.

Designed to address these real-world travel needs, the G7 Pro Fold combines a 180-degree foldable structure with a lightweight 278-gram design, making it easy to pack and carry. The device integrates pulse stimulation, physical vibration, heat therapy, and dual-spectrum photothermal technology to provide a comprehensive relaxation experience during travel.

The award-winning W9 Ultra features multiple independently driven massage heads capable of simulating kneading, pinching, pressing, and other massage techniques across different body zones. Combining medium-frequency pulse technology with surround photothermal therapy, it features a flexible wearable design that can be comfortably used over clothing.

Behind these products is a long-term commitment to technology development and standards leadership. SKG has invested continuously in research and development for 19 years and holds more than 1,500 registered patents worldwide, including over 300 granted invention patents. The company operates a technology research institute, proprietary manufacturing facilities, and nine core laboratories. In China, it also led the development of the industry standard Household and Similar-Use Low-Frequency Massagers (QB/T 8100-2024), which took effect in July 2025.

Expanding Global Presence

The awards also reflect SKG’s broader globalization strategy. Rather than relying solely on an export-driven approach, the company has increasingly focused on building a localized presence in overseas markets. To address differences in wearing habits, ergonomic preferences, language environments, and service expectations, SKG extends localization efforts beyond distribution to product functionality, industrial design, user interfaces, regulatory compliance, and after-sales support. The company has established corporate or operational entities in China, Singapore, the United States, and the Netherlands, supported by an overseas team of nearly 100 employees.

Today, SKG products are available in more than 50 countries and regions across North America, Europe, Asia-Pacific, the Middle East, and Latin America. The brand sells through online platforms including Amazon, Lazada, Shopee, and its direct-to-consumer website, while also partnering with major offline retailers such as Costco, MediaMarkt, Saturn, Bic Camera, Takashimaya, and Selfridges. According to a Frost & Sullivan study completed in April 2025, SKG ranked No. 1 globally in smart massager sales revenue for three consecutive years from 2022 to 2024. Between 2023 and 2025, SKG achieved nearly twofold growth in revenue from markets outside mainland China.

As travel retail continues to evolve, SKG’s latest recognition highlights how technology-driven wellness products are responding to the realities of modern travel while demonstrating the company’s ongoing transition from exporting products to building lasting roots in global markets.

About SKG Health

Founded in 2007, SKG Health takes its name from the values “Smart, Kind and Global” and is a global leader in health technology focused on wearable devices across massage, sports recovery and everyday wellness. Its products are available in more than 50 countries and regions. Frost & Sullivan ranked SKG first in global smart massager sales from 2022 through 2024.

For more information, please visit https://www.skg.com/?utm_source=media_name&utm_medium=pr&utm_campaign=product_launch_2026.

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SOURCE SKG

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Real-time Hiring Data Offers Universities a New Way to Connect Students with Career Opportunities

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Rollie Jobs reduces administrative burden for career services teams while expanding access to timely, relevant job postings

SOUTH BEND, Ind., Oct. 21, 2026 /PRNewswire/ — Helping students connect their education to meaningful career opportunities is a top priority for colleges and universities. As institutions continue to invest in student career success, new technologies are helping streamline connections between students and employers while creating efficiencies that support campus career services teams.

Rollie Jobs is expanding its work within higher education, bringing its AI-powered workforce intelligence platform to universities seeking to expand career opportunities for students, help career services teams work more efficiently and strengthen relationships with employer partners.

Rather than relying on employers to manually submit job postings, Rollie automatically aggregates active postings from employers and industries of interest to create continuously updated, branded job boards. The result is a simpler, more effective experience for everyone involved: career services teams spend less time managing listings and more time supporting students; students discover a broader, more current range of jobs; and employers benefit from greater exposure to qualified candidates.

“Students and families increasingly expect a college degree to open doors to meaningful careers,” said Alex Sejdinaj, co-founder of Rollie Jobs. “Career services teams play a critical role in helping students navigate their futures, and technology should make that work easier, not more complicated. Rollie automatically surfaces job opportunities from employers without requiring manual uploads or another account for students to access listings. That means institutions can complement existing career services efforts, strengthen connections with employers and help more students discover meaningful opportunities.”

Connecting Education and Employment
Rollie is currently working with higher education partners, including the University of Notre Dame, to explore new ways of connecting students with employment opportunities while giving career services teams and university leaders greater visibility into employer hiring activity.

Notre Dame’s Mendoza College of Business recently implemented Rollie’s technology in its graduate business career services stack, supporting staff efficiency while surfacing targeted opportunities from employers in specific fields.

“As employer recruiting continues to evolve, we have to be equally thoughtful and innovative in how we connect students with opportunities,” said Christina Frank-Lieberg, director of external engagement for the Mendoza College of Business. “Preparing students for lives of purpose includes helping them discover meaningful career opportunities. Rollie helps us deepen relationships with employers while giving students access to timely, relevant opportunities that support informed career decisions.”

Beyond the Job Board
Higher education institutions have access to more workforce information than ever before, from graduate outcomes and employer feedback to industry advisory boards and labor market reports. Rollie complements those resources by providing a continuously updated view of employer demand, helping institutions turn workforce data into actionable intelligence.

“AI has the potential to make workforce intelligence dramatically more accessible,” said Chris Frederick, co-founder of Rollie Jobs. “Instead of spending hours gathering information from multiple sources, university leaders can ask questions, explore hiring trends and gain meaningful insights in minutes. Our goal is to help institutions spend less time searching for information and more time building stronger connections between students, employers and opportunity.”

As higher education continues to focus on student career outcomes, Rollie helps institutions connect students with more career opportunities by automatically discovering job postings, eliminating manual job board management and giving students access to a continuously updated view of what employers are hiring for right now.

To learn more or schedule a demonstration, visit www.rolliejobs.com.

About Rollie Jobs
Rollie Jobs is an AI-powered workforce intelligence platform that helps organizations automatically collect live job postings, explore workforce data using AI and publish branded job boards. Serving chambers of commerce, economic development organizations, workforce partners and higher education institutions, Rollie transforms employer hiring activity into actionable workforce intelligence that helps organizations connect talent with opportunity. Visit www.rolliejobs.com.

Media Contact:

Ann Hastings
For Rollie Jobs
574-210-8425
425107@email4pr.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/real-time-hiring-data-offers-universities-a-new-way-to-connect-students-with-career-opportunities-302915000.html

SOURCE Rollie Jobs

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