Tingo Group Inc

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Tingo Group excels in Q1, eyes China expansion and dividend

Tingo Group's strong financial performance and strategic initiatives position it as an attractive investment opportunity.
Focus on sustainable development goals and innovative solutions reflect the company's commitment to responsible growth.
Challenges in market valuation, expansion decisions, and shareholder expectations require careful navigation.
Opportunities in expanding warehouse network, entering new markets, and launching new platforms offer avenues for growth.

Tingo Group Inc reports robust Q2 earnings amidst challenges

Tingo Group Inc overcame challenges to deliver strong financial results in Q2 2023, driven by revenue growth, strategic acquisitions, and a focus on digital and financial inclusion. Despite facing headwinds, the company remains optimistic about future growth prospects and aims to increase dividends and potentially consider a share buyback.

Tingo Group reports revenue growth amidst challenges, eyes expansion opportunities

Tingo Group navigated challenges to achieve revenue growth, expand operations, and focus on its mission of digital inclusion and food security. The company is poised for growth in new markets and services while addressing internal and external challenges.

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Tingo Group, Inc. operates through its subsidiaries, focused on the growth and development of its financial technology offerings. The firm uses its proprietary trading technology platforms to serve a range of growth sectors in the fintech space, including online brokerage for equities trading, online investment and wealth management services, sales of insurance products, and trading in certain commodities. It is also involved in the growing telematics and commercial mobile resource management market, with a focus on designing, developing, manufacturing, and selling mobile computing solutions that provide fleet operators and field workforces with computing solutions. The company was founded on January 31, 2002 and is headquartered in Montvale, NJ.

MONTVALE, N.J., June 06, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable and fast growing fintech and agri-fintech company, categorically refutes all the allegations and misinformation outlined in a report published by Hindenburg Research earlier today.

Tingo Group Refutes Malicious and Misleading Allegations in Hindenburg Research Report

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Tingo Group, Inc. (“Tingo” or the “Company”) (NASDAQ: TIO) investors concerning the Company's possible violations of federal securities laws. On June 6, 2023, Hindenburg Research published a report alleging that Tingo “is an exceptionally obvious scam with completely fabricated financials.” The report stated that Tingo's founder, “Dozy” Mmobuosi “appears to have fabricated his biographical cla.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Tingo Group, Inc. (TIO) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Tingo Group, Inc. (“Tingo” or the “Company”) (NASDAQ: TIO) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On June 6, 2023, Hindenburg Research published a report which alleged that Tingo “is an exceptionally obvious scam with completely fabricated financials.” The report stated that.

The Law Offices of Frank R. Cruz Announces Investigation of Tingo Group, Inc. (TIO) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $TIO #TIO--The Schall Law Firm Announces it is Investigating Claims Against Tingo Group, Inc. and Encourages Investors with Losses to Contact the Firm.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Tingo Group, Inc. and Encourages Investors with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Tingo Group, Inc. (NASDAQ: TIO) resulting from allegations that Tingo Group may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Tingo Group securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrange.

TIO INVESTOR NEWS: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Tingo Group, Inc. Investors With Losses in Excess of $100K to Inquire About Securities Class Action Investigation – TIO

Special Meeting of Tingo Group Stockholders to be Held Virtually via Webcast on June 7, 2023 at 9:00 A.M. Eastern Time

Tingo Group Special Meeting of Stockholders to be Held on June 7, 2023, with Q&A Session

Loan Facility of 3 Billion Naira (Approximately USD $6.5 Million Dollars) Enables Additional Production of More Than 6,000 Metric Tons of Wheat Per Annum and 16,000 Metric Tons of Rice Per Annum

Tingo Mobile Advances Loan Facility to All Farmers Association of Nigeria to Finance Cultivation of 3,000 Hectares of New Farming Land for Rice and Wheat Production

MONTVALE, N.J., June 01, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it has become aware of credible evidence that a New York based financial institution (the “NY Financial Institution”) has been soliciting investors with an offer of the Company's securities with the pretence of a fund raise, which was in direct contravention of the Company's explicit wishes. For the avoidance of all doubt, the Company is not planning any placement, offering, or issuance of the Company's equity securities. The Company has expressly instructed the NY Financial Institution not to conduct any such solicitation and also demanded that it notify all the parties solicited to date and inform them that the Company is not planning any form of equity fundraising.

Tingo Group, Inc.'s Legal Counsel to Investigate Financial Institution Accused of Falsely Marketing an Equity Fundraise and Examine Unusual Stock Price Volatility

More than $1 billion of Additional Orders in Progress and Expected to Complete by Q3 2023 Major Milestone Towards Dollarizing Tingo Group's Net Income by Year End Recently Signed Partnership with PCX and AFAN Already Delivering Multi-Billion Dollars Per Annum of Agricultural Produce Tingo Foods also Set to Become Additional Significant Source of Food and Beverage Product for Global Export MONTVALE, N.J., May 30, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that its export business, operated through wholly owned subsidiary Tingo DMCC, has completed its first batch of export deals, generating $348 million of sales with a gross profit approaching $100 million.

Tingo DMCC Commences Delivery of Significant Pipeline of Export Orders, Completing First $348 Million of Sales

Tingo Group is undergoing a complicated capital restructuring that will dilute the float, but I still find a $10 price target. The majority of revenue comes from the Consumer Staples Sector, which garners significantly worse multiples than the IT sector, but I still find a $10 price target.

Tingo Group: Buy The Dip

MONTVALE, N.J., May 22, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo Group” or the “Company”) announced today that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 FTSE Russell indexes annual reconstitution process, which is effective after the U.S. markets close on June 23, 2023 according to a preliminary list of additions announced on May 19, 2023.

Tingo Group Set to Join Russell 3000® Index

Net Revenues for the First Quarter 2023 amounted to $851.2 Million, an increase of 8,801% Compared to Q1 2022 Operating Profit for the First Quarter Increased to $260.7 Million Acquisition of Tingo Foods on February 9, 2023, added $577 Million in revenue to Further Accelerate Growth in Group Revenues and Earnings Management to Host Conference Call Today at 8:00 a.m. Eastern Time MONTVALE, N.J.

Tingo Group, Inc. Reports First Quarter 2023 Financial Results

MONTVALE, N.J., May 05, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it will hold a conference call on Monday May 15, 2023 at 8:00 a.m. Eastern Time to present its results for the first quarter ended March 31, 2023 and provide an update on the Company and its group of businesses. A press release detailing the results will be issued prior to the call.

Tingo Group to Host First Quarter 2023 Results Conference Call on Monday May 15, 2023 at 8:00 a.m. Eastern Time

Tingo Foods Commenced Operations in September 2022, and in the Four Months Ended December 31, 2022 Generated Revenues of $466.2 Million

Tingo Group Announces Filing of Audited FY2022 Financial Statements and Pro Forma Financial Information for Recently Acquired Tingo Foods

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MONTVALE, N.J., April 24, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it will present at the 19th Annual Taglich Brothers Investment Conference being held at the Union League Club in New York City on May 1 - 2, 2023.

Tingo Group to Present at the 19th Annual Taglich Brothers Investment Conference

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MONTVALE, N.J., April 13, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it has received a Bid Price Compliance Letter from The Nasdaq Stock Market LLC ("Nasdaq") informing Tingo that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.

Tingo Group Regains Compliance with Nasdaq Minimum Bid Price Rule

MONTVALE, N.J., April 10, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) today announces its receipt of a Notification Letter from Nasdaq that its stock has been under a minimum bid price of $1.00 for a period of 30 days, based upon the closing bid price during the period from February 14, 2023, to March 28, 2023. The Company has been given 180 calendar days to regain its compliance and achieve a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days.

Tingo Group, Inc. Provides Corporate Update to Stockholders

Acquisition of 100% of Tingo Mobile Completed on November 30, 2022, making the Company significantly profitable from December 1, 2022

Fintech and Agri-Fintech Company, Tingo Group, Inc., Reports Full Year 2022 Financial Results

MONTVALE, N.J., March 27, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it will hold a conference call on Friday March 31, 2023 at 8:00 a.m. Eastern time to present its results for the fourth quarter and full fiscal year ended December 31, 2022 and provide an update on the Company and its group of businesses. A press release detailing the results will be issued prior to the call.

News for Tingo Group Inc Stock (TIO)