Press Release
Glory Star expected to further increase profitability
Glory Star New Media Group, a Nasdaq-listed digital media platform and content-driven e-commerce company in China, is expected to be able to further increase its profitability with its growing market share and economy of scale.
The company reported a 15.8% growth in its Non-GAAP net income to US$16.9 million for the six-months ended June 30 from US$14.6 million in the same period of last year.
During the first half of this year, the company’s total revenues grew 144.6% to US$71.9 million from US$29.4 million, thanks to the increase in advertising revenues and Cheers e-Mall marketplace service revenue, primarily attributable to the development and promotion of its mobile and online businesses.
Income from operations surged 40.9% to US$16.2 million from US$11.5 million.
During the first half year of 2021, the company successfully grew its top and bottom lines as it allocated more resources to sales and marketing to augment its brand equity and fuel its long-term growth engine.
The company’s rising economy of scale will allow it to gradually reduce operating expenses and capitalize on the rising popularity of video content and deliver lasting shareholder value.
At the end of June 30, the number of downloads of the company’s Cheers App reached 215.6 million, up from 121 million a year earlier. The increase in the number, a key indicator of the attractiveness and usability of its Cheers App and its e-Mall platform traffic, showed that it had successfully converted viewers of its content to its Cheers App.
Average daily active users (DAUs) of the app grew to 7.1 million from 4.5 million for the same period. Stock Keeping Units (SKUs) on its Cheers e-Mall platform jumped to 231,630 from 19,984.
Gross Merchandise Value (GMV) of the Cheers App reached US$181.2 million in the first six months of this year, compared with US$20 million in the same period of 2020. The increase in GMV was driven significantly by its ability to attract and retain users to its Cheers App through its professionally produced content and its ability to further enhance its product offerings.
The company has a strong commitment to its corporate mission, meticulous execution of growth strategies, methodical expansion in both overseas and domestic markets, proactive engagement of Generation Z users through innovative products, and prudent investment in sales and marketing initiatives. It plans to refine its competitive edge in content-driven e-commerce of premium lifestyle, deepen our expertise in integrating quality content with lifestyle commerce, and expand our brand influence among Generation Z consumers on a global basis.
During the first half year, the resurgence of Covid-19 and its Delta variant caused the Chinese government to impose travel restrictions within mainland China, particularly in the southern regions of the country.
The company temporarily suspended the production of its traditional “Cheers Series” TV programs, thus resulting in a decline in its cost of revenues during the first six month of 2021. Once the travel restrictions are eased, the company will resume its content production activities in the second half of this year.
As of June 30, 2021, the company had cash and cash equivalents of US$20.3 million, compared with US$17.7 million at the end of last year.
Blockchain and AI technologies
Since its establishment in 2016, Glory Star has pioneered a unique, new business model integrating e-commerce services with premium video content. With the use of blockchain and AI technologies in its systems, the company has become a leading online digital media and entertainment company in China, with a strong track record both in terms of viewership and production capabilities. The company launched its Cheers App in 2018 to integrate e-commerce services with professionally generated content (PGC).
During the first half, the company produced many more live streaming shows and started to provide title sponsor advertising services at a higher price point. It also spent substantially on the development of the Cheers Chat and Cheers Car.
The company plans to provide more user-generated content (UGC) by forming partnerships with other platforms. It will allow global users to upload their content to its video platforms in the fourth quarter of this year while users will receive advertising revenue or get rewards from viewers directly.
The company will also allow content providers to use its software-as-a-service (SaaS) supply chain system with the blockchain technology that will help them match with relevant merchandisers. Content providers will be able to share the revenue from the sales of products on their video accounts.
The company’s ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people’s lives.
Its large and active user base has created valuable engagement opportunities with consumers and enhanced platform stickiness with thousands of domestic and international brands.
Non-fungible token
Glory Star’s Naschain platform offers one-stop solutions, which include smart contract, multichain universe and cross-chain consensus mechanisms, to users with its blockchain technology. It can help e-shoppers trace the origins of the products, avoid buying counterfeit goods, lower their logistics costs and protect their privacy.
The company has signed an agreement with the Beijing Minsheng Art Museum to use the company’s non-fungible token (NFT) technology, which can be used in copy-rights’ registration, verification, transaction and valuation, to protect the intellectual property of the museum’s artworks. The company will be able to boost its market share by acquiring some NFT service providers.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Lane Equipment Company Announces Authorized Dealer and Preferred Warranty Service Provider Partnership with Spaceman
Lane Equipment Company, a Texas-based commercial food service equipment distributor serving the state since 1966, today announced its partnership with Spaceman USA as an authorized dealer and preferred warranty service provider for Spaceman’s full line of soft serve and frozen beverage machines.
Houston, Texas, United States, 5th Feb 2026 — Lane Equipment Company, a Texas-based commercial food service equipment distributor serving the state since 1966, today announced its partnership with Spaceman USA as an authorized dealer and preferred warranty service provider for Spaceman’s full line of soft serve and frozen beverage machines.
The partnership brings Spaceman’s aerospace-engineered frozen dispensing equipment to Lane Equipment’s customer base across southern Texas, supported by factory-trained technicians at four locations in Houston, San Antonio, Austin, and the Rio Grande Valley.
“This partnership is about giving Texas food service operators access to premium frozen beverage equipment backed by the kind of hands-on, local service they’ve come to expect from Lane Equipment,” said Dale Lane, President of Lane Equipment Company. “Spaceman’s technology and service philosophy align with how we’ve always done business—putting the operator first.”
A Dual Role: Sales and Service Under One Roof
As both an authorized dealer and preferred warranty service provider, Lane Equipment offers a single point of contact for Spaceman equipment sales, installation, parts, and repair across the southern half of Texas. The company’s in-house, factory-trained technicians provide 24/7 emergency support—ensuring operators have access to service when they need it most.
About Spaceman USA
Spaceman USA manufactures premium soft serve and frozen beverage machines designed by aerospace engineers. The company’s patented freezing technology produces the smallest ice crystals in the industry, delivering superior product consistency and the lowest energy cost per serving. Spaceman machines serve a wide range of products including soft serve ice cream, frozen yogurt, custard, frozen cocktails, smoothies, slushies, and milkshakes, with both dairy and non-dairy compatibility. Spaceman equipment is trusted by high-volume national brands including 7 Brew Coffee, Dutch Bros Coffee, and Black Rock Coffee Bar. For more information, visit spacemanusa.com.
About Lane Equipment Company
Founded in 1966, Lane Equipment Company is a commercial food service equipment distributor and service provider headquartered in Houston, Texas. The company specializes in frozen beverage equipment, soft serve machines, commercial ice machines, and refrigeration, serving restaurants, convenience stores, bars, hotels, healthcare facilities, and entertainment venues across the southern half of Texas. With four locations and a team of factory-trained, in-house technicians, Lane Equipment provides equipment sales, leasing, parts, and 24/7 emergency repair service. For more information, visit laneequipment.com or call 713-529-5761. Lane Equipment Company — Texas’s Trusted Food Service Partner Since 1966
Media Contact
Organization: Lane Equipment Company
Contact Person: Tony Ganino
Website: https://laneequipment.com/
Email: Send Email
Address:2030 Richmond Avenue
City: Houston
State: Texas
Country:United States
Release id:41029
The post Lane Equipment Company Announces Authorized Dealer and Preferred Warranty Service Provider Partnership with Spaceman appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Former IRS Auditor Launches Trustber, a CPA Firm Focused on Audit-Defensible Tax Planning
Trustber introduces a planning-first, compliance-driven advisory model for high-income individuals and small businesses.
Austin, Texas, United States, 5th Feb 2026 – Trustber, a modern CPA firm founded by former IRS Revenue Agent and Certified Public Accountant Olu Oyewale, today announced its official launch with a singular focus: helping high-income individuals and small businesses design audit-defensible tax strategies through proactive planning, clean financial systems, and compliance-first advisory.

Unlike traditional tax practices that emphasize seasonal tax preparation, Trustber separates tax strategy from tax filing, offering clients year-round planning services built around structure, documentation, and long-term optimization.
“Most taxpayers don’t overpay because they miss deductions,” said Olu Oyewale. “They overpay because no one helped them design a strategy before the transactions occurred. Trustber was built to change that.”
Trustber’s methodology is shaped by Olu Oyewale’s experience inside the Internal Revenue Service, where she evaluated tax returns, documentation, and taxpayer systems. That insider perspective informs the firm’s emphasis on defensibility – ensuring that tax positions are supported by proper classification and documentation.
“Trust is earned through clarity and defensibility,” Olu Oyewale added. “Our mission is to help clients feel confident about their numbers, not hopeful.”
Trustber provides proactive tax planning, audit-readiness assessments, clean and compliant bookkeeping, entity optimization, and cost segregation advisory. The firm primarily serves high-earning professionals, entrepreneurs, and real estate investors nationwide.
For more information, visit https://www.trustber.com/.
About Trustber
Trustber is a modern CPA firm built on the belief that confidence in finances comes from planning, structure, and defensible compliance. Founded by former IRS Revenue Agent, CPA, and CMA Olu Oyewale, Trustber helps high-income individuals and small businesses move beyond reactive tax filing toward proactive, audit-defensible tax strategy and clean financial systems.
Media Contact
Organization: Trustber
Contact Person: Olu Oyewale
Website: https://www.trustber.com/
Email: Send Email
City: Austin
State: Texas
Country:United States
Release id:41028
The post Former IRS Auditor Launches Trustber, a CPA Firm Focused on Audit-Defensible Tax Planning appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Jaca Opens $5M Series A Funding Round to Scale First Mainstream Allulose Brand Addressing $22 Billion Sugar Alternative Market
Celebrity Partnership with Howie Mandel and World-Class Advisory Board with 200+ Combined Years from Coca-Cola, Walmart, and UNFI to Drive National Expansion of Revolutionary Sugar Replacement
United States, 5th Feb 2026 – Jaca, the first mainstream allulose brand delivering 100% taste parity with conventional sugar and having 90% fewer calories, today announced the opening of its $5 million Series A funding round at a $20 million pre-money valuation. The company is seeking investment from accredited investors to accelerate national market penetration of allulose, a rare, naturally-occurring sugar that 85% of Americans have never heard of, directly addressing the urgent need for a metabolically safe sugar replacement in a market where obesity-related healthcare costs including indirect economic impact exceed $1.79 trillion annually.
The raise positions Jaca to capitalize on a rapidly closing first-mover window. While 77% of Americans actively seek to reduce sugar intake, conventional sugar maintains 95% market dominance due to taste superiority over existing alternatives. Allulose represents the first molecular equivalent to sucrose (meaning it tastes like traditional sugar) with zero glycemic impact (making it Diabetic & Keto friendly), FDA GRAS approval, and clinical validation for activating GLP-1 appetite control pathways and fat-burning mechanisms.
“Jaca represents the rare convergence of blue-ocean market opportunity with de-risked execution,” said Pete Ferrari, Founder and President of Healthy For Life Foods. “We’ve established compelling commercial traction, including a 13.79% repeat purchase rate versus the 3-5% industry average and Amazon bestseller status, while realizing zero major brand competition. Our proprietary AI-native customer acquisition infrastructure is something not seen across the entire eComm industry and this meets our product portfolio at the precise moment consumer health consciousness is reaching critical mass.”
AI-Native Technology Infrastructure
Jaca has deployed the Joint Adaptive Capture Architecture (JACA). This is an AI-powered intent capture and customer acquisition system comprising more than 200 search-optimized pages across 14 schema types, 5 authority engines, and 4 optimization disciplines. The architecture positions Jaca for traditional search (SEO), generative engine optimization (GEO), answer engine optimization (AEO), and large language model optimization (LLMO), future-proofing organic customer acquisition against the AI revolution.
The company was selected as 1 of only 50 organizations to participate in Oracle’s NetSuite Accelerator Program, implementing full API integration with Shopify, Amazon, financial institutions, and supply chain providers since Day 1. This enterprise infrastructure ensures data integrity, operational scalability, and financial transparency from inception. This is a critical differentiator for strategic partners.
Celebrity Partnership Drives Mass Market Credibility
Jaca’s partnership with Howie Mandel – entertainment icon and health advocate – provides unparalleled national awareness and retail credibility. The collaboration includes 2,500+ media placements spanning streaming channel platforms, billboards, and podcasts, alongside the branded anthem “Sweet Like Jaca” on Spotify. Mandel’s authentic health journey resonates with the 74% of Americans struggling with weight management, translating celebrity influence into measurable commercial traction.
World-Class Advisory Board Spans Coca-Cola, Walmart, Ocean Spray, and JP Morgan
Jaca has assembled a Senior Leadership Council representing over 200 combined years of executive presence across regulatory affairs, distribution, product development, private equity, and financial strategy, including: the former Chief Science Officer at Coca-Cola, with advisory roles at the FDA, USDA, and CDC, providing regulatory and scientific authority, a Senior Vice President at UNFI (the largest U.S. natural grocery products distributor) delivering distribution and retail expertise, the inventor and category creator of Craisins for Ocean Spray with 40+ years of food and beverage expertise, the Founder and CEO of a Private Equity firm versed in M&A strategy, and, a Wharton MBA who established JP Morgan’s Southeast Asian operations and served as economic advisor to the Kingdom of Thailand.
Capital Will Prioritize Advertising
The $5 million Series A monies will be strategically deployed across five key areas: 67% toward advertising and customer acquisition; 13% for payroll and talent expansion; 9% for inventory and supply chain optimization; 8% for general and administrative operations; and 3% for R&D and product innovation. The capital structure is designed to support robust projected revenue growth over the next 3 years.
Purpose-Driven Ecosystem
Beyond product innovation, Jaca has invested more than a year in developing the SuperSelf Lifestyle Enrichment Program, a comprehensive suite of free health and wellbeing resources including a podcast series and four educational modules covering lifestyle audits, nutrition, fitness, and metabolic analysis. The goal is to help everyone, everywhere, find a pathway to better Health & Wellbeing.
The company’s established 501(c)(3), The Foundation for Nutritional Equality, combats child hunger in America and a portion of Jaca’s profit supports this truly meaningful endeavor.
About Jaca
Jaca is the first mainstream allulose brand delivering 100% taste parity with conventional sugar having 90% fewer calories and zero glycemic impact. The company’s diversified product portfolio spans granulated rare sugar, ready-to-drink beverages, energy products, and functional wellness SKUs. Headquartered in Florida, Jaca combines proprietary AI-native customer acquisition infrastructure with a celebrity partnership, world-class advisory board, and purpose-driven community ecosystem. The company is positioned to capture a large piece of the $22 billion sugar alternative market where 85% of Americans remain unaware of allulose. For more information, visit www.jacasugar.com.
Investment Opportunity
The Series A funding round is open exclusively to accredited investors. Interested parties may request access to the full data room and investor portal by contacting the Investor Relations team. All investments are subject to verification of accredited investor status and completion of subscription documentation.
State/province name: Florida
Country: United States
Website: https://jacasugar.com
Media Contact:
Healthy For Life Foods
Investor Relations
Email: info@jacasugar.com
Forward-Looking Statements: This press release contains forward-looking statements regarding projected revenue, market opportunity, and strategic positioning. Actual results may differ materially from these projections due to market conditions, competitive dynamics, regulatory changes, and execution risks. This release does not constitute an offer to sell securities. Investment opportunities are available only to accredited investors through proper documentation.
Media Contact
Organization: Jaca®
Contact Person: Support team
Website: https://jacasugar.com
Email: Send Email
Country:United States
Release id:41022
The post Jaca Opens $5M Series A Funding Round to Scale First Mainstream Allulose Brand Addressing $22 Billion Sugar Alternative Market appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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