B2Digital Reports 126% Q/Q Topline Growth, Projects Current Quarter Acceleration, Major Expansion in Fitness Facility Strategy
Tampa, FL – ( NewMediaWire ) – December 03, 2020 – B2Digital Incorporated (the “Company” or “B2Digital”) (OTCMKTS:BTDG), the premier development league for mixed martial arts (“MMA”), is excited to update shareholders on the Company’s outlook and the accelerating organic and strategic growth underway in its Gym segment, as well as its performance related to this strategy during the three months ended September 30, 2020, and its expectations for related performance during the current quarter ending December 31, 2020, and beyond.
Note that projections and guidance outlined below assume an absence of further regulatory lockdowns related to Covid-19 as well as the widespread distribution of a safe and effective vaccine during 2021.
“Based on the strategy we have in place – and the assumption that we don’t see major new pandemic-related shutdowns that impact the business – we are targeting $4-5 million on the topline over the rolling forward next twelve months,” commented Greg P. Bell, CEO of B2Digital. “This is based on the growth we are seeing now and the continued successful implementation of the company’s roll-up strategy in our Fitness Facility segment, which is the real breadwinner in our broad vision. We are already on pace to more than double the topline on a sequential quarterly basis into year-end.”
During the three months ended September 30, 2020, B2Digital saw a 76% jump in Gym revenues on a sequential quarterly basis. In addition, the Company increased overall revenues across segments totaling topline growth on a sequential quarterly basis during the quarter of 126%. Management also notes that, based on performance thus far and an assumption of no new pandemic-related shutdowns relevant to its current fitness facility operations, it projects a pace to achieve double the top line revenue in Q3 compared to Q2 of this year for the three months ending December 31, 2020.
In addition, the Company plans to continue its roll-up strategy in the fitness facility market over the coming twelve months. The Company’s objective is to acquire one to two new gym facilities every quarter with our goal to increase these acquisitions as the spread of Covid-19 decreases nationally. Thus far, each acquisition the Company makes in the fitness facility space is believed to represent at least $400K per year in rolling forward next twelve-month revenues based on past historical performance.
At this pace, given current metrics and assumptions, including no major return of mandated pandemic-related shutdowns relevant to its current fitness facilities, the Fitness Facility segment could achieve just shy of $4 million in revenues over the rolling forward next twelve months if the company’s acquisition objectives are executed as planned. Paired with a conservative assumption of $75K – $100K in monthly revenues from its live MMA events, encompassing 3 planned fights a month at current revenue achievement rates per fight, the Company believes it has the potential to achieve total revenues of at least $4 to $5 million over the rolling forward twelve months.
“Each acquisition we make in the Fitness Facility space is
OMAHA, Neb. (AP) — The recent surge in coronavirus cases in Nebraska has prompted one expert to predict that the number of deaths in the state linked to the virus could nearly quadruple by the start of 2021.
Dr. James Lawler, a director at the University of Nebraska Medical Center’s Global Center for Health Security in Omaha, said Friday that the state could have more than 2,500 COVID-19-related deaths by January if current trends continue without more stringent public health measures or better compliance with the measures already in place. The state has so far reported 652 deaths linked to the virus.
“If the outbreak continues at this pace, and we don’t implement much more stringent public health interventions — or at least if we don’t get people to adopt those behaviors, which ultimately is the most important thing — I think we could easily see three times the total we’ve seen so far,” he said to the Omaha World-Herald.
Nebraska reported 1,087 new virus cases Saturday to give the state a total of 70,732 cases so far. The rate of new cases in the state ranked sixth-highest in the nation Saturday.
And the number of people hospitalized with the virus set another new record at 612 Saturday. That is more than 2.5 times the spring peak of 232 set on May 27.
The rate of new cases per 100,000 Nebraska residents over the past two weeks registered 694.56 on Saturday, according to an Associated Press analysis of data from Johns Hopkins University.
The seven-day rolling average of daily new cases in Nebraska has risen over the past two weeks from 795.71 new cases per day on Oct. 17 to 1,019.29 new cases per day on Saturday.
Hearts talisman Peter Haring opens up on Hampden return, current fitness state and life in Edinburgh
The Jambos’ powerhouse midfielder played for the club in the 2019 final against Celtic, on the field for 81 minutes before finally succumbing to a persistent groin injury. It took him 16 long months to return to action.
At times, there were fears Haring might never play again as he tried to get to the root of the problem. Operations, specialists, rest. You name it, the 27-year-old tried it. It was tough for him, even miserable at times. But now, approaching full fitness after such a lengthy time on the sidelines, Haring is raring to go again.
His comeback match was against Inverness earlier in the month, when he came on for eight minutes. His first start since that gut-wrenching 2-1 Hampden loss to Celtic arrived a week later against Raith Rovers, when he captained the team and played the full 90 minutes in a 3-1 win. Only appearances from the bench have come thereafter, but manager Robbie Neilson is clearly easing him back in. He is a key man for the Hearts boss.
Neilson may be tempted to start Haring against a more dangerous opponent in Hibs. He adds so much to the Hearts midfield. If the Austrian does play, he won’t have negative thoughts of previous visits to Hampden. He classes his last visit there as one of the highlights of his career.
“Zero regrets, absolutely,” says Haring when asked, in an exclusive interview with the Evening News, if he wishes he hadn’t played in that final. “I was talking to our gaffer at that time, Craig Levein, quite a lot and I even wanted to play the week before when we played Celtic in the league. I was desperate to play that game, but he said no, you’re only playing the cup final which was probably a good decision from him. But I’ve got absolutely zero regrets – it’s one of my best memories I’ve got in my football career so far.
“I didn’t obviously think it would take this long to come back. Even when I was injured, I always thought, ‘it can’t take much longer’, and it always did, so you never know what is going to happen, but overall I’ve got really good memories about Hampden. Even though we lost the final, it’s still a great memory in my head. It was a good game from us as well, against Celtic. It’s the third time for me going to Hampden, it will be very different because of the circumstances. It’s going to be a totally different game again and it’s going to be a derby in the cup semi. so there’s nothing better than that really.”
Current state and his ‘big moment’
Hearts fans can take comfort from the fact that Haring feels back to near peak condition. His journey has been arduous, exacerbated by the club’s
BOSTON, Oct. 20, 2020 /PRNewswire/ — The International Health, Racquet & Sportsclub Association (IHRSA) released first-of-its kind data from a new national survey* of Americans with gym memberships that addresses their physical and mental state throughout the COVID-19 pandemic. The full results from the study, which was conducted in collaboration with leading international insights company Kelton Global, a Material Company, are published in “The COVID Era Fitness Consumer” IHRSA report and delve into how Americans feel about the pandemic overall, what effects it has had on their overall health and fitness, how the virus has shaped their personal wellness outlooks, their overall comfort levels returning to the gym and more.
As gyms closed due to COVID-19 in March, members were forced to change up their routines. While some got creative with at-home workouts, others struggled to find a comparable fitness solution. The study overwhelmingly found that gymgoers look forward to returning to their gym — and at least one aspect of physically being in their gym (95 percent), plus the routines and sense of community they associate with it — as they push to reach their personal fitness goals. In fact, when asked what they missed most, the only thing Americans miss more than going to the gym (59 percent) is visiting their loved ones (65 percent) – more so than going to concerts or games (55 percent), bars or restaurants (51 percent) or even seeing movies in theaters (46 percent).
Not only do gym members feel positively about returning to the gym — many feel ready and motivated to do so – they look forward to enjoying the physical and mental benefits of working out at their gym again, from building strength and their immune system to releasing mood-boosting endorphins. Notably, exactly half (50 percent) of gym members express dissatisfaction with at-home fitness efforts and changes
- Over 1,000 current and former CDC officers signed an open letter criticizing the politicization of the health agency in response to the coronavirus pandemic.
- “The absence of national leadership on COVID-19 is unprecedented and dangerous,” the letter stated.
- President Donald Trump’s administration has been criticized for intervening with the CDC for its political agenda. In September, Trump appointees reportedly delayed CDC reports that were not in line with its politics.
- Visit Business Insider’s homepage for more stories.
Over 1,000 current and former CDC officers signed an open letter criticizing the politicization of the health agency in the US’s response to the coronavirus pandemic.
“We hereby express our concern about the ominous politicization and silencing of the nation’s health protection agency during the ongoing COVID-19 pandemic,” the letter stated.
The letter was signed by current or alumni Epidemic Intelligence Service officers of the CDC, including Jeffrey Koplan, who was the agency’s director under former presidents Bill Clinton and George W. Bush.
“The absence of national leadership on COVID-19 is unprecedented and dangerous,” the letter added. “Inconsistent contact tracing efforts are confined within each state’s borders — while coronavirus infections sadly are not. Such chaos is what CDC customarily avoided by its long history of collaboration with state and local health authorities in developing national systems for disease surveillance and coordinated control.”
The letter comes after 62% of adults reported last month they fear “political pressure” will rush a coronavirus vaccine, according to a new poll from Kaiser Family Foundation. Last month, Politico reported an email that suggested Trump administration officials delayed CDC reports that went against the president’s political stance. Earlier this month, the Associated Press reported that the White House planted political official switch to keep an eye on the agency’s scientists.
The US has recently entered its third major wave of coronavirus cases which experts fear could be the worst to date, Business Insider’s Aria Bendix reported. The US has so far recorded a total of over 8 million cases and over 200,000 deaths, according to John Hopkins University.