HELLO PAL INTL INC ORD - HLLPF STOCK NEWS

Hello Pal International announces its interim financial results for the nine months ending November 30, 2021, with total revenue reaching $17,596,813, a 101% increase from $8,740,211 in 2020. The company reported a gross profit of $3,573,770, up from $698,386 in the previous year. Notably, cryptocurrency mining contributed $1,869,865 in profit. The company is diversifying outside China, expanding its livestreaming operations in the Middle East and Southeast Asia, and will initiate North American mining with new L7 miners.

Hello Pal International Inc. has engaged Donohoe Advisory Associates LLC for consulting services aimed at a potential up-listing of its shares on NASDAQ in 2022. The company seeks to enhance visibility and access to a larger investor base, particularly in the U.S. The up-listing is contingent upon meeting NASDAQ's requirements, and there is no guarantee of achieving this.

This follows a previous engagement with Maxim Group LLC for similar advisory services. Hello Pal continues to grow its live-streaming and language-learning platform, but remains in its growth stage and not yet profitable.

Hello Pal International Inc. (HLLPF) announced the purchase of 130 additional Antminer L7 mining rigs, boosting its total to 400. This acquisition was financed through profits from its subsidiary's crypto mining and cash reserves. The move follows a complete upgrade of mining equipment, previously funded by selling older models. The new rigs are expected to enhance mining of Litecoin and Dogecoin amid rising demand linked to recent market trends and developments like the SpaceX DOGE-1 mission. The equipment will be delivered in December 2021 to new facilities in New York State and North America.

Hello Pal International Inc. has acquired an additional 170 L7 miners, augmenting its total to 270, following the successful sale of its L3+ models for USDT 3.75 million (approximately CAD 4.7 million), representing a 100% profit. The upgraded mining rigs, known for their high demand and limited production, are expected to arrive in New York State by December 2021. The L7 miners significantly enhance mining capacity, boasting a hashrate 19 times greater than L3+, while consuming less power and increasing stability rates, thus improving overall profit margins.

Hello Pal International announced plans to relocate its crypto-mining operations to North America, securing hydro-powered facilities primarily in New York State. This strategic move aims to enhance stability in its mining operations and integrate crypto into its social networking business. The company is also selling existing Antminer L3+ rigs in China to fund the new Antminer L7 models, expected to arrive in late 2021. Despite generating revenues, Hello Pal is still in the growth stage, and profitability remains uncertain.

Hello Pal International Inc. (OTC:HLLPF) reported significant growth in its interim financial results for the period ended August 31, 2021, with total revenue of $14,655,610, a 208% increase from the prior year. Livestreaming services contributed $13,206,275 in revenue, while cryptocurrency mining yielded $1,449,335. The company's gross profit reached $2,488,454, up from $185,415 in 2020. As of August 31, 2021, Hello Pal had $4,091,553 in cash. The company aims to reduce dependency on Chinese revenues, highlighting a 10,000% revenue increase from non-China territories.

Hello Pal International (OTC: HLLPF) announced the sale of 4,500 Antminer L3+ mining rigs for USDT 2.1 million, yielding over 100% profit. The proceeds will fund the purchase of 100 Antminer L7 rigs, which have a hashrate 19 times greater than the L3+ models. Expected delivery of the new rigs is in November 2021. This upgrade aims to enhance mining efficiency and flexibility while reducing maintenance costs. The move aligns with the company's strategy to expand its international presence and diversify shareholder risk.

Hello Pal International Inc. (OTC:HLLPF) reported $2,707,496 CAD in revenue for September 2021, driven by its livestreaming services and cryptocurrency mining. The company noted a 30% revenue increase from non-China regions, particularly in the Middle East and Southeast Asia. Gross margins were 68% for crypto-mining and 15% for livestreaming. Despite fluctuations in cryptocurrency prices, limited impacts were reported due to proactive measures taken with its partner, Shanghai Yitang. The company anticipates full capacity for mining operations in the next 2-3 months.

Hello Pal International Inc. has signed a Cooperation Agreement with Little Pal Asia Limited to utilize LPA's 'Infinity Language' system in their Language Pal app, targeting the adult language learning market. Hello Pal has invested CAD 300,000 for a 15% equity stake in LPA, which will assist in adapting the system for adult learners. This strategic move aims to enhance Language Pal's features and competitiveness. However, the CEO's related party transaction involvement has raised compliance considerations under Multilateral Instrument 61-101.