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Inner Loop Capital Launches $2.6M Syndicate Fund to Invest in D.C. Area Seed-Stage Founders Building Venture-Scale Companies

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Justin Label, former Partner at Bessemer Venture Partners, leads
investments on behalf of eight L.P.’s, anchored by Ron and Cyndi Gula,
formerly of Tenable Network Security, Inc.

BALTIMORE–(BUSINESS WIRE)–#VentureCapitalInner
Loop Capital
, a seed-stage venture capital
firm supporting founders of cybersecurity and enterprise technology
companies in the Washington, D.C. region, today announced a new $2.6
million Syndicate Fund to help fuel the early-stage venture ecosystem in
the region. Founded and managed by Justin Label, an active angel
investor and former Partner at Bessemer Venture Partners, the firm aims
to ease the early fundraising process for the most promising D.C. area
founders so that they can accelerate toward hyper-growth and build
companies of global scale and reach.

“Greater Washington D.C. is the largest economy in the U.S. without a
liquid seed-stage venture capital market,” said Label. “The challenges
of raising early capital in the D.C. region are frustrating to local
founders and inhibit the growth of our venture and tech ecosystem. The
outstanding founders of the D.C. region prove there is a viable venture
market here. Nearly $2 billion in venture capital is invested in the
area each year. And yet there is no institutional seed-stage venture
capital fund with a mission of supporting D.C. area founders. We want
this Syndicate Fund, raised from investors who see this opportunity, to
be a step toward addressing that gap.”

The fund will have a primary focus on cybersecurity founders. The D.C.
region, or “Cyber Corridor”, is home to the second-largest concentration
of cybersecurity product companies in the U.S. and has spawned cyber
“unicorns” including Sourcefire, Mandiant, and Tenable. Label gained
substantial experience in cybersecurity while at Bessemer Venture
Partners and focused on the sector as a Baltimore-based angel investor
from 2015 to 2018. He was among the first investors in some of the D.C.
region’s fastest-growing companies, including NS8 and Cybrary, where he
also helped those founders build their initial investor syndicates.

“We’ve named this a Syndicate Fund because it places committed capital
behind the kind of syndicate formation active angel investors do in the
D.C. region. Founders need investors who share their vision, can commit
meaningful dollars at venture speed, and partner with them for a long
journey. We hope this Syndicate Fund brings all those elements together
under one roof for D.C. area founders.”

Gula Tech Adventures, led by Ron and Cyndi Gula, formerly of Tenable
Network Security, Inc., anchored the new Syndicate Fund and was joined
by seven additional Limited Partners including Bloomberg Beta, two
family offices, and several cybersecurity founders.

“We believe strongly in the potential of D.C., Maryland, and Northern
Virginia founders and of building a thriving venture ecosystem in the
region,” said Ron Gula, President of Gula Tech Adventures. “After
co-investing five times with Justin as angel investors, we’re now glad
to formally partner with Inner Loop Capital to continue to back
visionary founders very early in their development.”

The fund aims to make approximately eight seed-stage investments over
eighteen months, with typical initial investments of $300-400k. The
Syndicate Fund can expand as necessary to fund follow-on rounds of its
portfolio companies. Beyond cybersecurity, Inner Loop invests
exclusively in enterprise technology companies, including cloud
infrastructure, data analytics, and enterprise SaaS. Inner Loop will
invest largely in the D.C. area, while also making investments in San
Francisco and other tech hubs to encourage greater cross-pollination of
ideas and capital for D.C. founders.

Since launching in January of 2019, Inner Loop Capital’s Syndicate Fund
has led the Seed round of D.C.-based GreyNoise Intelligence, Inc., and
participated in early financings of Tall Poppy Security, Inc. and
Crosschq, Inc., both of San Francisco.

Area enterprise technology founders and members of the investment
community are invited to join Label and Gula at the National Harbor
Cyber Innovation Wine Down networking event being held on Tuesday, June
18 from 5:00 – 9:00 p.m. at The Tasting Room Wine Bar & Shop located at
137 Waterfront Street in Oxon Hill, MD. To RSVP visit https://events.bugcrowd.com/cyberinnovationwinedown/inner-loop-capital.

About Inner Loop Capital

Inner Loop Capital is a seed stage venture capital investment firm
committed to fueling a strong D.C. area early-stage venture market
ecosystem. The firm’s mission includes accelerating D.C. founders’
access to early capital and beyond while encouraging visionary founders
to build the largest, fastest-growing companies possible. Based in
Baltimore, MD, Inner Loop invests exclusively in enterprise technology
companies in the Washington D.C. area and beyond, with a particular
focus on cybersecurity. For more information visit www.innerloopcap.com
or Twitter: @innerloopcap, or contact justin@innerloopcap.com.

Contacts

Media Contact:
Kari Walker for Inner Loop Capital
703.928.9996
kari@redironpr.com

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Business Wire

Bermuda Government, Industry Group Heads to Toronto

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HAMILTON, Bermuda–(BUSINESS WIRE)–#Bermuda–Bermuda Finance Minister Curtis Dickinson leads a delegation of
government, regulatory and industry representatives to Toronto next week
to highlight Bermuda’s close links to Canada and opportunities for
bilateral trade and investment.

The delegation will take part in a
one-day multi-industry forum
, hosted by the Bermuda Business
Development Agency (BDA) Wednesday, June 19 at The Ritz-Carlton Toronto,
and also attend scheduled business development meetings around the city.
Featuring informative panel discussions, thought-leadership sessions,
and networking opportunities for investors and businesses interested in
learning more about the island, the forum is the sixth in a series of
overseas multi-industry showcases, following successful events in
London, New York and Miami over the past two years. It is the first in
Canada.

“We’re looking forward to meeting civic leaders, media, investors and
industry executives during the forum and related meetings,” said BDA CEO
Andy Burrows. “The aim is to increase awareness of Bermuda as a
gold-standard international financial centre and underscore our
jurisdiction’s historic and mutually beneficial relationship with
Canadian markets.”

The Consul General of Canada in New York, Phyllis Yaffe, will help
launch the forum with a fireside chat-style conversation with Minister
Dickinson. Another highlight of the day will be a keynote presentation
by Lucia Gallardo, a fintech entrepreneur who has partnered with the
United Nations to leverage blockchain systems to help resettlement of
refugees, among other projects.

Industry sessions include participants from more than 30 Bermuda-related
entities, among them, AMBIKA, Aon, Appleby, ArcTern Ventures, ASW Law,
AXA XL, the Association of Bermuda Insurers & Reinsurers (ABIR); Bennett
Jones, the Bermuda Insurance Management Association (BIMA), Bermuda
Monetary Authority (BMA), Bermuda Tourism Authority (BTA), Butterfield
Bank, ChainThat, Conyers, CryptoScan, Deloitte, Estera Services,
Exponential Ventures, EY, Fasken, Insurance Bureau of Canada (IBC),
KPMG, Kroll Bond Rating Agency, MQ Services, Outlier Canada, PwC, Quest
Management Services, RGAx, SALT Lending, and Shyft Network.

Canada is one of Bermuda’s most significant economic partners, with
two-way trade between the two nations amounting to USD$2.6 billion in
2017, and $37 billion in mutual assets and investments. Bermuda supports
an estimated 25,000 jobs in Canada, including 15,000 from multi-national
companies in Bermuda and their Canadian affiliates and represents
Canada’s fifth-largest export market in trade and services; only the US,
UK, Germany and France are greater Canadian export markets.

To register for the free, one-day forum, go to: http://bit.ly/TorontoForum

CONNECTING BUSINESS

The BDA encourages direct investment and helps companies start up,
re-locate or expand their operations in our premier jurisdiction. An
independent, public-private partnership, we connect you to industry
professionals, regulatory officials, and key contacts in the Bermuda
government to assist domicile decisions. Our goal? To make doing
business in Bermuda smooth and beneficial.

Contacts

MEDIA:
Rosemary Jones
Head of Communications &
Marketing
rosemary@bda.bm
441
278-6558 or 441 337-4696

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Business Wire

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Apple, Inc. To Contact The Firm

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NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Apple, Inc. (“Apple” or the “Company”) (NASDAQ:AAPL) of the
June 17, 2019 deadline to seek the role of lead plaintiff in a federal
securities class action that has been filed against the Company.

If you invested in Apple stock or options between November 2, 2018
and January 2, 2019
and would like to discuss your legal rights, click
here
: www.faruqilaw.com/AAPL.
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
877-247-4292
or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Northern
District of California on behalf of all those who purchased Apple common
stock between November 2, 2018 and January 2, 2019 (the “Class Period”).
The case, City of Roseville Employees’ Retirement System v. Apple
Inc., et al.,
No. 19-cv-2033 was filed on April 16, 2019.

The lawsuit focuses on whether the Company and its executives violated
federal securities laws by failing to disclose that: (1) the U.S.-China
trade war had negatively impacted demand for iPhones and Apple’s pricing
power in greater China; (2) due to Apple discounting the cost of
replacement batteries to make up for the Company’s prior conduct of
intentionally degrading the performance of the batteries in older
iPhones, the rate at which Apple customers were replacing their
batteries in older iPhones, rather than purchasing new iPhones, was
negatively impacting Apple’s iPhone sales growth; (3) as a result of
slowing demand, Apple had slashed production orders from suppliers for
the new 2018 iPhone models and cut prices to reduce inventory; and (4)
defendants’ decision to withhold unit sales for iPhones and other
hardware, which was a metric relevant to investors and their view of the
Company’s financial performance, was designed to and would mask declines
in unit sales of the Company’s flagship product.

On January 2, 2019, after the close of trading, Apple disclosed that,
for the first time in 15 years, Apple would miss its prior quarterly
revenue forecast amid falling iPhone sales in China, its third-largest
market after the United States and Europe. The Company announced first
quarter fiscal 2019 revenues of only $84 billion, far below the expected
range of $89 billion to $93 billion the Company had announced just eight
weeks earlier on November 1, 2018. The Company also admitted that in
addition to macroeconomics in the Chinese market, the price cuts to
battery replacements a year earlier to fix the Company’s prior
surreptitious conduct had hurt iPhone sales.

On this news, the Company’s stock price fell from $157.92 per share on
January 2, 2019 to $142.19 per share on January 3, 2019—a $15.62 or
9.96% drop.

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
Apple’s conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential
manner.

Contacts

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New
York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone:
(877) 247-4292 or (212) 983-9330

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Business Wire

Three Finalists Selected Following GA-ASI’s Blue Magic Belgium Event

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PARIS–(BUSINESS WIRE)–Three finalists have been selected from GA-ASI’s Blue Magic Belgium
event with the goal of supporting GA-ASI and the development of MQ-9B
SkyGuardian Remotely Piloted Aircraft (RPA) for Belgium. The three
Belgian companies selected are AIRobot, ALX Systems, and Hexagon.

AIRobot, a company based at DronePort in Sint Truiden, Belgium, focuses
on developing drone performance equipment for easy, precise and safe
professional operations, while specializing in Artificial Intelligence
(AI) for processing hyper-spectral imagery. ALX Systems is an Unmanned
Aircraft System (UAS) solution provider based in Liège, Belgium and
specializing in AI for processing Full Motion Video. Hexagon’s
Geospatial division, with an office in Leuven, Belgium, specializes in
software solutions and geospatial tools for visualizing location
intelligence, such as auto-routing UAS and creating a smart digital
reality.

GA-ASI held outreach events in Belgium May 15-16 with the goal of
identifying small to medium-sized Belgian companies that can support
SkyGuardian development through cutting-edge technologies. This followed
the Government of Belgium’s approval for Belgian Defense to negotiate
acquisition of GA-ASI’s SkyGuardian to meet the nation’s RPA
requirements.

“We were very impressed by the many talented companies and particularly
by the innovative concepts presented by these three finalists,” said
Linden Blue, CEO, GA-ASI.

Blue Magic Belgium was a Research and Development (R&D) event held in
two regions of Belgium. Approximately 50 related companies registered
for the event and 19 companies were selected to present their innovative
technologies to a technical panel of experts from GA-ASI. GA-ASI is
committed to placing $3 million in R&D funding with Belgium industry.
This investment will focus on high-value technological development with
small to medium-sized enterprises. The seed funds will be utilized to
develop Belgian capabilities that meet Ministry of Defense (MOD) and
industry objectives to be competitive in future European RPA programs.

About GA-ASI

General Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of
General Atomics, is a leading designer and manufacturer of proven,
reliable Remotely Piloted Aircraft (RPA) systems, radars, and
electro-optic and related mission systems, including the Predator®
RPA series and the Lynx® Multi-mode Radar. With more than
five million flight hours, GA-ASI provides long-endurance,
mission-capable aircraft with integrated sensor and data link systems
required to deliver persistent flight that enables situational awareness
and rapid strike. The company also produces a variety of ground control
stations and sensor control/image analysis software, offers pilot
training and support services, and develops meta-material antennas. For
more information, visit www.ga-asi.com.

Predator and Lynx are registered trademarks of General Atomics
Aeronautical Systems, Inc.

Contacts

Robert Walker
General Atomics Aeronautical Systems, Inc.
+1
(858) 524-8101
ASI-MediaRelations@ga-asi.com

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