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Aug. 4, 2020, 9:32 a.m. EDT

Sun Kissed Industries, Inc.'s Numuni Subsidiary Executing Phase 2 Revenue Genera-tion Strategy Integrating Its Distributed Computational Platform Could Generate $2.9 Million In First Year

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Aug 04, 2020 (Stock Market Press via COMTEX) -- Sun Kissed Industries, Inc.'s /zigman2/quotes/208440261/composite SKDI +3.64% Numuni Subsidiary is executing its Phase 2 revenue generation strategy integrating its distributed computational platform. By moving beyond its R&D stage, Numuni is aggressively partnering with other companies to make its efforts a revenue generating success. It has partnered with both H-BIT, d.o.o., parent of NiceHash and owner of site NiceHash.com , and Connekt Earning and its 1.8 million active users on its website ROCash.com . NiceHash is parent of the world's largest hash power and cryptocurrency marketplace, capable of buying as much computer processing power as Numuni can produce. The Numuni monetization technology applied to Connekt's active users estimates it could generate an estimated gross revenue of $2,916,000 in the first year of the revenue partnership, by converting only 5% of the traffic.

The high technology market has drawn intense interest from media companies. stockmarketpress.com features specialized coverage of related stocks such as Sun Kissed Industries, Inc. /zigman2/quotes/208440261/composite SKDI +3.64% , Amazon /zigman2/quotes/210331248/composite AMZN -1.79% , IBM /zigman2/quotes/203856914/composite IBM -1.73% , MasterCard /zigman2/quotes/207581792/composite MA -1.23% , Charlotte's Web /zigman2/quotes/212650907/delayed CA:CWEB +1.93% , Cronos Group /zigman2/quotes/206842762/composite CRON +0.95% , GW Pharmaceuticals PLC (NASDAQ: GWPH), Aurora Cannabis Inc. (NYSE:ACB) (TSX: ACB), Supreme Cannabis Co. (OTC:SPRWF), Colgate Palmolive /zigman2/quotes/200774077/composite CL -1.15% , Akerna Corp. /zigman2/quotes/202667634/composite KERN -4.31% , INSYS Therapeutics, Inc. , cbdMD /zigman2/quotes/201949781/composite YCBD +3.62% , Joy Organics , Nividia /zigman2/quotes/200467500/composite NVDA -2.20% , CME Group /zigman2/quotes/210449693/composite CME -0.97% and Canopy Growth Corp. (NYSE: CGC).

Sun Kissed Industries, Inc.'s /zigman2/quotes/208440261/composite SKDI +3.64% Numuni Subsidiary Executing Phase 2 Revenue Generation Strategy Integrating Its Distributed Computational Platform Could Generate $2.9 Million In First Year

Robert Reynolds, CEO of Numuni. said, "Our ability to collect massive amounts of computer processing power combined with NiceHash's industry-leading marketplace is going to turn the crypto mining industry upside down." Sun Kissed Industries, Inc.'s /zigman2/quotes/208440261/composite SKDI +3.64% Numuni Subsidiary Executing Phase 2 Revenue Generation Strategy Integrating Its Distributed Computational Platform Could Generate $2.9 Million In First Year.

NiceHash To Buy Numuni's Computer Processing Power

Together, both Numuni and NiceHas see 'surging revenues' throughout their partnership. NiceHash parent H-BIT d.o.o. was founded in 2014 in Slovenia. It has massive hashing power. The global GPU availability market Numuni targets for its digital media monetization program is projected by Allied Market Research to reach a value of $200.85 billion by 2027. That market was valued by Allied at $19.75 billion in 2019, the Company said.

NiceHash Is Known Brand In Cryptocurrency Ecosystem

He explained that hash mining is the process of complex computational calculations used in cryptocurrencies and blockchains to generate coins and complete transactions. The hash mining process is an integral part of cryptocurrency and blockchain systems. The demand for hash power is through the roof because cryptocurrency and blockchain are growing at an exponential rate. NiceHash is the Number One marketplace in the world consisting of hundreds of thousands of GPU/CPU processing buyers and sellers, the company said. NiceHash is a well known brand among cryptocurrency miners and plays a vital role in the cryptocurrency ecosystem by indirectly creating new coins and providing validation of transactions on several different blockchains. Sun Kissed Industries, Inc.'s /zigman2/quotes/208440261/composite SKDI +3.64% Numuni Subsidiary Executing Phase 2 Revenue Generation Strategy Integrating Its Distributed Computational Platform Could Generate $2.9 Million In First Year.

$2,916.000 In Gross Revenue Seen In The Partnership's First Year

Numuni also sees NiceHash being able to purchase as much computer processing power as it can generate. In the deal with Connekt Earning, Numuni plans to begin monetizing the 1.8 million active users on Connekt's flagship website NiceHash.com . Numuni estimates that by converting just 5% of Connekt's traffic, it can acquire 367,800 new software users and generate an estimated $2,916,000 in gross revenue in the partnership's first year. On a commission basis, Numuni's Reynolds, CEO, estimates Connekt Earning could generate $2.1 million with Numuni making some $729,000 in forecasted net revenue. Sun Kissed Industries, Inc.'s /zigman2/quotes/208440261/composite SKDI +3.64% Numuni Subsidiary Executing Phase 2 Revenue Generation Strategy Integrating Its Distributed Computational Platform Could Generate $2.9 Million In First Year.

SKDI's Aggressive M&A Strategy

Sun Kissed Industries, Inc. /zigman2/quotes/208440261/composite SKDI +3.64% is an emerging leader in the CBD-based products market. It is pursuing technology acquisitions through an aggressive M&A strategy. It seeks to become a dominant player in a well-defined, high-growth niche. It is a leader in the digital content management, and online ad monetization technology. The company is pursuing meaningful acquisitions as part of an aggressive M&A strategy.

Source: Stock Market Press

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