Articles on this Page
- 11/29/18--07:11: _Harry Redknapp's wi...
- 11/29/18--07:05: _Bangladesh Eye Rare...
- 11/29/18--07:11: _Reputation Institut...
- 11/29/18--08:13: _I’m A Celebrity 201...
- 11/29/18--08:42: _I’m A Celebrity 201...
- 11/29/18--07:48: _Dixie Brands Inc. t...
- 11/29/18--07:48: _Canopy Growth Compl...
- 11/29/18--08:02: _Infographic Illumin...
- 11/29/18--08:42: _Gateway Records Rel...
- 11/29/18--08:02: _Aruze Gaming Americ...
- 11/29/18--08:09: _Kotipizza Group Oyj...
- 11/29/18--08:18: _Leading Asian Digit...
- 11/29/18--08:20: _Kohli slammed for w...
- 11/29/18--09:28: _Harry Redknapp's wi...
- 11/29/18--09:24: _What happens when a...
- 11/29/18--08:39: _Printed Electronics...
- 11/29/18--10:05: _I’m A Celebrity sta...
- 11/29/18--08:37: _Horn wants Crawford...
- 11/29/18--09:08: _India happy to face...
- 11/29/18--08:59: _Australia cracks do...
- 11/29/18--07:11: Harry Redknapp's wife Sandra seen for the first time in Australia
- 11/29/18--07:05: Bangladesh Eye Rare Test Series Win, Face Windies
- 11/29/18--08:02: Infographic Illuminates Little-Known Baby-Shower Traditions
- 11/29/18--08:42: Gateway Records Relaunches, Announces Two New Collections
- 11/29/18--08:20: Kohli slammed for wearing shorts at toss in warm-up match
- 11/29/18--09:24: What happens when a kid swallows a Lego piece?
- 11/29/18--08:37: Horn wants Crawford rematch in Australia
- 11/29/18--09:08: India happy to face CA XI: batting coach
- 11/29/18--08:59: Australia cracks down on orphanage tourism
Harry Redknapp's wife Sandra was seen enjoying a day of shopping in Australia's Gold Coast, ahead of her reunion with her husband of 51 years.
Reported by MailOnline 3 hours ago.
Bangladesh got here on the subject of successful sequence two times previously two years, respectively towards Australia and Sri Lanka however on each events, they stumbled on the ultimate hurdle. Skipper Shakib Al Hasan mentioned his crew has the facility to conquer the percentages. “Now we have a problem and we imagine we will conquer …
Reported by The News Articles 3 hours ago.
Study reveals new model for measuring employer reputation and the pivotal importance of workplace culture and values in shaping corporate reputation
Boston, MA, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Reputation Institute (RI), the world’s leading provider of reputation measurement, management and intelligence services, today announced the company’s first ever Employer of Choice RepTrak® study naming the world’s 10 most reputable employers with the greatest “Willingness to Work For” scores from the General Public.
The top 10 employer leaders globally recognized in RI’s 2018 Employer of Choice RepTrak® are (in alphabetical order):
· 3M [NYSE: MMM]
· BMW Group [OTCMKTS: BMWYY]
· Bosch [NSE: BOSCHLTD]
· Canon [NYSE: CAJ]
· Google [NASDAQ: GOOGL]
· Intel [NASDAQ: INTC]
· The LEGO Group
· Microsoft [NASDAQ: MSFT]
· Netflix [NASDAQ: NFLX]
· The Walt Disney Company [NYSE: DIS]
The world’s largest reputation study of its kind, the Employer of Choice RepTrak is based on more than 230,000 individual ratings collected in the first quarter of 2018. It includes unique insights into the dynamics behind reputational impact. The global study shows what drives employer reputation, and the direct correlation between corporate reputation and stakeholder support.
“The employee recruiting environment is increasingly challenging and highly competitive, with low unemployment and high employee turnover,” said Michele Tesoro-Tess, Executive Vice President and Market Leader at Reputation Institute. “The rubric for what it takes to be a great employer is quickly shifting. To be relevant as an Employer of Choice today, you need to be a progressive company with a moral conscience.”
“While organizations have traditionally focused on workplace metrics to attract and retain employees, our analysis shows the most important drivers of intent to work for a company go beyond that,” said Sven Klingemann, Global Research Manager at Reputation Institute. “Key drivers of becoming an employer of choice include being innovative; delivering on high quality product experience at a good value; being ethical, environmentally conscious, and positively mindful of societal influence; as well as appealing leadership.”
Key findings from the study demonstrate that Employer of Choice organizations enjoy competitive advantages — not only from an employer attractiveness perspective, but also encompassing a wide range of other supportive behaviors. These supportive behaviors are reflected across diverse demographic groups, including Millennials, a key stakeholder group for employers.
Study results indicate that to become an Employer of Choice companies need to be progressive in a sustainable way, create compelling corporate narrative to express what they stand for and embrace their cultural values, while also leveraging their CEO to humanize the company. To remain an Employer of Choice, companies need to continue to act ethically.
For more information, view the 2018 Employer of Choice RepTrak webinar and download the report and full rankings at: https://www.reputationinstitute.com/global-employer-of-choice-reptrak
*Learn More and Know Your Reputation Score *
Annually, RI measures the reputation of thousands of companies using the RepTrak framework, including measures of the most highly regarded multinational companies in 15 countries including Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, South Korea, Spain, the United Kingdom and the United States.
To get your company’s 2018 score and learn how you can improve your ranking and grow your stakeholder support, just ask us at: https://www.reputationinstitute.com/about/Contact-Us*.
About Reputation Institute
*Reputation Institute (RI) powers the world’s most reputable companies. We are a data-driven, reputation insights advisory firm, and provider of peer-to-peer membership services. By mining media conversations, measuring stakeholder perceptions and providing reputation management services, we unleash the potential of Reputation Intelligence to build better companies. Our proprietary RepTrak® model tracks and analyzes the reputation of companies, CEOs, cities, and countries. We are most widely known for the Forbes-published Global RT100. Learn more at: http://www.reputationinstitute.com.
CONTACT: Karen Hopp
Bazini Hopp for Reputation Institute
firstname.lastname@example.org Reported by GlobeNewswire 3 hours ago.
*Doctor Doolittle alert! *
Editorial Use Only
Mandatory Credit: Photo by James Gourley/ITV/REX/Shutterstock (10003586b)
Holly Willoughby and Declan Donnelly
'I'm a Celebrity... Get Me Out of Here!' TV Show, Series 18, Australia - 29 Nov 2018
Currently the furthest away from home possible, Holly Willoughby has been settling into the Australian way of life whilst filming …Continue reading »
The post I’m A Celebrity 2018: The cute family thing Holly Willoughby does EVERY day in the jungle… appeared first on CelebsNow. Reported by Now 2 hours ago.
*The Vamps star has revealed his 'unhealthy' relationship with food*
Editorial Use Only
Mandatory Credit: Photo by ITV/REX/Shutterstock (9991011ew)
Post-Trial - James McVey
'I'm a Celebrity... Get Me Out of Here!' TV Show, Series 18, Australia - 23 Nov 2018
I’m a Celebrity Get Me Out Of Here! star James McVey has spoken for the first time about struggling to overcome …Continue reading »
The post I’m A Celebrity 2018: James McVey opens up about secret eating disorder battle before entering the jungle appeared first on CelebsNow. Reported by Now 1 hour ago.
DENVER, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Dixie Brands Inc. (Dixie or the Company) announced that its subordinate voting shares (Shares) will be listed and begin trading on November 29 on the Canadian Securities Exchange (the CSE) under the ticker symbol “DIXI.U”. The share price will be quoted in U.S. dollars. Dixie is one of the cannabis industry’s most recognized consumer brands with a portfolio of over 100 products across more than 15 different product categories.“The public listing of our shares is an important milestone for Dixie Brands, providing us more ready access to capital to fund our ambitious growth strategy and achieve our goal of becoming the leading CPG company in the industry,” said Dixie CEO Chuck Smith. “We are pleased to offer liquidity to our existing shareholders whose support has been vital to our success to date, and we welcome new investors to take a closer look at the significant opportunities available to Dixie as the cannabis industry’s most recognized brand.”
A Listing Statement (Form 2A) with information about Dixie and prepared in accordance with the policies of the CSE has been filed on SEDAR at sedar.com. Dixie recently completed a reverse takeover (RTO) of a Canadian public company, Academy Explorations Limited (Academy) which has been renamed Dixie Brands Inc.
At the time of listing, Dixie has 124,778,269 Shares outstanding. Approximately 99 million Shares are held by related persons, employees or parties controlling more than 5% of the Shares. The remaining 25.7 million Shares are considered the public float. The Company also has 500,000 non-participating voting shares held by Dixie Brands SPV, LLC, a company controlled by certain members of Dixie’s senior management entitling it to 100 votes per non-participating voting share at any Dixie shareholder meeting.
*Dixie’s Priorities for 2019*
Building on its foundation as one of the most recognized cannabis brands, Dixie is well positioned to become the first true national consumer package goods company in the cannabis industry. Founded in 2009, the Company currently operates in four states (Colorado, California, Nevada, and Maryland) and has international distribution and manufacturing partners in Australia and Canada.
Dixie plans to expand its THC line of products into at least four additional U.S. states in 2019 through partnerships with licensed and regulated producers in each state. 1515As a result, Dixie expects to have the broadest controlled manufacturing and distribution footprint of any brand in the U.S cannabis market, and a unique capability to deliver a standardized, reliable, and consistent product to end consumers in all markets.
Also, the Company has developed and launched two additional businesses focused on the fast-growing market of Hemp derived CBD wellness products; Therabis a highly formulated portfolio of indication specific pet supplements, and Aceso Wellness a full portfolio of CBD based human dietary supplements.
On October 1, 2018, Dixie raised gross proceeds of US$25 million in an oversubscribed Series C Financing by way of private placement. This fully funds the Company into 2020 based on its current business plan.
To find out more about Dixie's innovative products, or about how Dixie is building the future of cannabis, please visit us at dixiebrands.com.
*Board of Directors and Officers*
Dixie’s Board of Directors includes the following seven individuals:
· Hugo Alves: President, Auxly Cannabis Group Inc.
· Devin Binford: Managing Member, Acreage Holdings
· Brian Graham: Founder, Rise Investments International
· Vincent "Tripp" Keber, III: Co-founder, Dixie Elixirs and Edibles
· Michael Lickver: Executive Vice President of Strategy, Auxly Cannabis Group Inc.
· Charles Smith: President & CEO, Dixie Brands Inc. and founding Director of the Cannabis Trade Federation (CTF)
· Melvin Yellin: Co-founder and Executive Vice President, Acreage Holdings
Officers of the Company include Charles Smith (Chief Executive Officer), C. J. Chapman (General Counsel and Secretary), and James Feehan (Interim Chief Financial Officer). Dixie is in the final stages of a recruiting process to strengthen its executive team in accordance with its growth strategy.
Dixie’s fiscal year ends December 31. The Company expects to report its financial results for the three months ended September 30, 2018 within the next two weeks.
Dixie has contracted with Vincic Advisors to provide comprehensive investor relations and strategic communications services. Vincic Advisors has been retained for an initial 12-month term which may be extended by mutual agreement, for a monthly fee of C$12,500. Neither Vincic Advisors nor any of its associates holds an equity interest in Dixie.
*About Dixie Brands, Inc.*
Dixie Brands, Inc., which has been formulating award-winning THC and CBD-infused products since 2009, is expecting to double its manufacturing and distribution capabilities in 2019 in the U.S. as well as expand internationally, including Canada. Dixie leads the global industry in the development, packaging design, product innovation and quality control for the commercial production of cannabis infused products. While the Company started with a single flagship product, the Dixie Elixir (a THC-infused soda), it is now one of the industry’s most recognized consumer brands, expanding to over 100 products across more than 15 different product categories representing the industry’s finest edibles, tinctures, topicals and connoisseur grade extractions, as well as world-class CBD-infused wellness products and pet dietary supplements. Dixie’s executive team has been instrumental in the formation of the marijuana industry for recreational and medicinal use, serving as founding members on several national regulatory and business-oriented industry organizations. To find out more about Dixie's innovative products, or about how Dixie is building the future of cannabis, visit www.dixiebrands.com.
*CAUTION REGARDING FORWARD-LOOKING INFORMATION*
Certain statements in this news release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Dixie and its subsidiary entities or the industry in which they operate, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this news release, such statements use words such as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this news release. These forward-looking statements involve a number of risks and uncertainties.
These risk factors are discussed in detail under the heading "Risk Factors" in the listing statement filed on SEDAR. New risk factors may arise from time to time and it is not possible for management of the Company to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance or achievements of the Company to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Dixie cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as at November 27, 2018. Dixie will update these assumptions at each reporting period and will adjust its forward-looking information as necessary.
The CSE has not in any way passed upon the merits of the RTO or the listing of common shares of Dixie Brands Inc. and has neither approved nor disapproved the contents of this news release.
*For more information, please contact:*
*Dixie Brands, Inc.*
Charles Smith, Chief Executive Officer
C.J. Chapman, General Counsel
*Media Inquiries *
Deborah Park, TURNER
email@example.com / 303-333-1402
Jeff Codispodi, Vincic Advisors
firstname.lastname@example.org / 647-278-9376
Reported by GlobeNewswire 2 hours ago.
SMITHS FALLS & BARRIE, Ontario, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) and MediPharm Labs Inc. (“MediPharm”), a specialized cannabis extraction business licensed under the Cannabis Act, and a wholly owned subsidiary of MediPharm Labs Corp. (TSXV:LABS) (together, the “Companies”) have entered into a strategic supply agreement dated November 29, 2018.Under the 18-month agreement, MediPharm will supply up to 900kg of cannabis extract for sale to Canopy Growth and its subsidiaries. Canopy Growth has committed to purchasing a minimum of 450kg with an option to purchase an additional 450kg.
“As the industry matures we are seeing exciting businesses like MediPharm establish specialized skill sets that will drive the industry forward. Extraction is now and will continue to be an opportunity to develop expertise and IP,” said Bruce Linton, Chairman & Co-CEO, Canopy Growth. “We continue to develop our own capacity in this area and are pleased to work with MediPharm, a leading team that has demonstrated it shares this vision.”
Management of both Companies agree that today’s announcement demonstrates a meaningful increase in total supply in the market and continue to believe that licensed capacity across Canada is capable of meeting the needs of the Canadian recreational and medical markets. This agreement will establish an early-mover advantage for both Companies to meet an immediate and unmet need across the country for value-add products such as Softgels.
“We are thrilled to work with Canopy Growth, the world’s leading cannabis producer, to deliver the highest quality cannabis oil concentrates for medical patients and recreational consumers,” said Pat McCutcheon, MediPharm Labs, President and Chief Executive Officer. “This sales agreement serves as a strong endorsement of MediPharm’s industry leading extraction-only business model.”
The ability to concentrate and stabilize cannabinoids in extract adds stability to the supply chain and increases options on future supply fluctuation as consumer preferences evolve. This is a nimble model that benefits both parties and Canadian consumers. As MediPharm finalizes its GMP certification, Canopy Growth will explore export opportunities as a part of this strategic agreement.
Here’s to Future Growth.
For further information, please contact:
Laura Lepore, Vice President, Investor Relations and Communications
Telephone: 705-719-7425 Ext. 216
855-558-9333 ext. 122
email@example.com*About MediPharm Labs Corp.
*Founded in 2015, MediPharm Labs is a pioneer in the cannabis industry and has the distinction of being the first company in Canada to become a licensed producer for cannabis oil production under the Access to Cannabis for Medical Purposes Regulations (ACMPR) without first receiving a cannabis cultivation licence. This expert focus on cannabis concentrates from its cGMP (current Good Manufacturing Practices) and ISO standard clean rooms and critical environments laboratory, allows MediPharm Labs to work with its established, Health Canada-approved cultivation partners to produce pharmaceutical-grade cannabis oil with a competitive advantage. MediPharm Labs is research-driven and focused on downstream secondary extraction methodology, distillation, and cannabinoid isolation and purification. MediPharm Labs provides B2B contract processing of cannabis to Canadian authorized licensed producers and appropriate international growers, supplying integrity-assured cannabis oil to qualified companies for sale under their own brand. In addition, MediPharm Labs will supply raw materials, formulations, processing and packaging for the creation of ready-to-sell advanced derivative products.
Through its subsidiary, MediPharm Labs Australia Pty. Ltd., MediPharm Labs has also completed its application process with the federal Office of Drug Control to extract and import medical cannabis products in Australia.
*About Canopy Growth Corporation
*Canopy Growth is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time. The Company has operations in 12 countries across five continents. The Company is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public's understanding of cannabis, and through its partly owned subsidiary, Canopy Health Innovations, has devoted millions of dollars toward cutting edge, commercializable research and IP development. Through partly owned subsidiary Canopy Rivers Corporation, the Company is providing resources and investment to new market entrants and building a portfolio of stable investments in the sector. From our historic public listing on the Toronto Stock Exchange and New York Stock Exchange to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. Canopy Growth has established partnerships with leading sector names including cannabis icon Snoop Dogg, breeding legends DNA Genetics and Green House seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth operates ten licensed cannabis production sites with over 4.3 million square feet of production capacity, including over 500,000 square feet of GMP certified production space. For more information visit www.canopygrowth.comAbout
*NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.*
*CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:*
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, expected product offerings, that the transactions pursuant to the agreement will be completed as planned, future capacity expansion, expected GMP certification and the establishment of operations in Australia. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the inability of MediPharm to obtain adequate financing; and the delay or failure to receive regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, MediPharm assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.
Reported by GlobeNewswire 2 hours ago.
Distinctivs gathers fascinating facts on different cultures’ celebration of new life
PALM BEACH GARDENS, Fla. (PRWEB) November 29, 2018
Motherhood is a joyful moment in many women’s lives, and marking it with a celebration has been the norm for ages. Distinctivs, a Georgia-based provider of party supplies, digs deep into the many ways baby showers are celebrated around the world and collates this data in an informative infographic entitled Baby Shower Traditions You Didn’t Know.
While a baby shower is a predominantly American tradition and is a norm in Canada, Australia, and New Zealand, it is not practiced by all countries. Some other countries that do, however, have very interesting traditions, enumerated in the infographic. From China, South Korea, and Japan to Chile, South Africa, and India, baby-shower traditions vary in name, style, and time of celebration.
The infographic seeks to show the beauty of baby-shower traditions through the eyes of different cultures, and it is a great learning resource for mothers planning to spice up their own baby-shower celebrations. Motherhood is a shared experience across cultures, after all.
A small business owned by women, Distinctivs aims to help customers turn the party of their dreams into reality. Every celebration can be made memorable with minimum stress through the help of Distinctivs’ unique and high-quality party supplies. Based in Palm Beach Gardens, Florida, Distinctivs strives to provide outstanding customer service. For more information, visit https://www.distinctivs.com Reported by PRWeb 2 hours ago.
They return as the world's only global all-compilation record label
NASHVILLE, Tenn. (PRWEB) November 29, 2018
Gateway Records announces their relaunch as the only global all-compilation record label, creating unique collections of audio series and albums featuring artists across all genres and all corners of the world.
"We’re excited to usher in an exciting new chapter in the Gateway Records story. A unique and exciting new way to operate a label at every turn," said Scott Thomas, CEO, Gateway Records.
In addition to the relaunch of the label, two new collections have been announced. The first project will be titled, "Around The World," a collection of world music tracks from artists across the globe. "Around The World" will be an album of cultural gems from all over the globe, including music from countries such as Australia, Kenya, South Africa, Brazil, and more.
The second collection, “Indie Tour," is an ongoing series of albums, focusing on the local soundscape of select cities, the first being "Indie Tour: Miami." This series will include up and coming unsigned artists across all genres, in the chosen market giving listeners a taste of local culture.
Gateway Records was founded in 1961, and has had many reinventions throughout its more than fifty year history. After acquiring the label, Exegan Media & Entertainment, Inc. has created a multi-genre label whose slogan is "All about all music."
Artists are invited to submit their music for consideration on future projects Gateway Record's website at http://www.gatewayrecords.com.
.@GatewayRecords announces relaunch with two new series #IndieTour and #AllAroundTheWorld Reported by PRWeb 2 hours ago.
Aruze Gaming America Announces Josh Collins as Vice President of Sales
LAS VEGAS (PRWEB) November 29, 2018
Aruze Gaming America, Inc. (“Aruze”) is excited to announce Josh Collins as Vice President of Sales at Aruze Gaming America. As Vice President of Sales, effective November 12, 2018, Collins will oversee all sale functions throughout The United States and Canada.
“Josh is a true asset to Aruze and this promotion reflects his dedication and commitment to our continued sales growth and customer satisfaction. He has shown commendable performance by consistently exceeding sales goals while developing and maintaining strong relationships with our business partners. Josh’s extensive experience in the gaming industry proves he’s a leader in developing strategic sales plans, consistently exceeding goals, and driving a culture of success that builds a great customer experience. His ability to motivate his team has led to his and Aruze’s continued success," said Rob Ziems, President of Aruze.
Collins' career in the gaming industry started in 2000 where he has worked in both casino operations and the supplier side of the business. For 8 years, Collins held positions in casino operations where he managed a high-volume slot operation before moving to the supplier side of the industry. Collins joined Aruze in 2008 and has recently held positions as Director of Sales throughout the US, Canada, and the Caribbean.
“Ultimately, my goal is to provide quality products for our partners while making it a win-win for both sides. For a true partnership to work, both sides must feel good about what we are doing. I plan to work closely with Product Management in order to continue providing quality products for our partners,” said Collins. “Aruze is a great company with some of the best people I’ve worked with and I have no doubt we will be able to expand on that." Collins adds, “Driving the company culture here at Aruze is very important to me. I want our team to love what they are doing as this directly reflects in how well we service our customers and perform in our jobs.”
About Aruze Gaming
Aruze designs, develops, and manufactures slot machines and gaming devices for the global casino market. With affiliates in Hong Kong, Australia, South Africa, Macau, Philippines, and Japan, Aruze Gaming produces innovative gaming products, including high-resolution video and stepper slot machines, communal gaming products, and multi-terminal devices.
For more news and information about Aruze, please visit http://www.aruzegaming.com. Reported by PRWeb 2 hours ago.
*Kotipizza Group Oyj
**Stock Exchange Release
29 November 2018 at 6pm (EET)*
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. FOR FURTHER INFORMATION, SEE SECTION "IMPORTANT INFORMATION" BELOW.*Statement of the Board of Directors of Kotipizza Group Oyj Regarding the Voluntary Public Cash Tender Offer by Orkla ASA *
Orkla ASA (“*Orkla*” or the “*Offeror*”) and Kotipizza Group Oyj (“*Kotipizza*” or the “*Company*”) have on 22 November 2018 announced that Orkla will make a voluntary recommended public cash tender offer to purchase all of the issued and outstanding shares in Kotipizza that are not owned by Kotipizza or any of its subsidiaries (the “*Tender Offer*”).
Pursuant to the Finnish Securities Markets Act (746/2012, as amended), the Board of Directors of Kotipizza hereby issues the following statement regarding the Tender Offer.
*TENDER OFFER IN BRIEF*
Orkla and Kotipizza have entered into a combination agreement (the “*Combination Agreement*”) on 22 November 2018. The Combination Agreement sets out, among other things, the main terms and conditions pursuant to which the Offeror shall make the Tender Offer.
The Tender Offer will be made in accordance with the terms and conditions set out in the tender offer document (the “*Tender Offer Document*”) expected to be published by the Offeror on or about 7 December 2018. The offer period for the Tender Offer is expected to commence on or about 7 December 2018 and to expire on or about 15 January 2019, subject to any extension of the offer period by the Offeror in accordance with the terms and conditions of the Tender Offer.
The offer price is EUR 23.00 in cash for each share in Kotipizza (the “*Offer Price*”). The Offer Price represents a premium of approximately:
· 38.6 percent compared to the closing price of the Kotipizza share on Nasdaq Helsinki Ltd. (“*Nasdaq Helsinki*”) on 21 November 2018, the last trading day before the announcement of the Tender Offer;
· 35.2 percent compared to the volume-weighted average trading price of the Kotipizza share on Nasdaq Helsinki during the 3-month period preceding the date of the announcement of the Tender Offer; and
· 48.4 percent compared to the volume-weighted average trading price of the Kotipizza share on Nasdaq Helsinki during the 12-month period preceding the date of the announcement of the Tender Offer.
In the event of a share issue, reclassification, stock split or other similar transaction with dilutive effect or issue of option rights or any other rights entitling to shares, or distribution of dividend or other distribution of funds or any other assets by Kotipizza to its shareholders in accordance with the Finnish Companies Act (624/2006, as amended) before the completion of the Tender Offer, the Offeror will have the right to adjust the Offer Price accordingly on a euro-for-euro basis, to account for the effect of such dilution, dividend or distribution.
According to the stock exchange release issued by the Offeror on 22 November 2018 (the “*Offeror Release*”), once the Offeror has obtained more than 90 percent of the issued and outstanding shares and votes in Kotipizza, the Offeror will, if necessary, initiate compulsory redemption proceedings in accordance with the Finnish Companies Act to acquire the remaining shares in Kotipizza, and thereafter cause Kotipizza’s shares to be delisted from Nasdaq Helsinki as soon as permitted and practicable under applicable laws and regulations.
According to the Offeror Release, the Offeror plans to finance the Tender Offer by a combination of existing cash positions and unutilized committed credit facilities. The Offeror’s obligation to complete the Tender Offer is not conditional upon availability of financing, and no third party consents are required by the Offeror for the financing of the Tender Offer.
The CEO of Kotipizza Mr. Tommi Tervanen, the CFO of Kotipizza Mr. Timo Pirskanen as well as certain major shareholders of Kotipizza, including Axxion S.A., DNCA Invest Archer Mid-Cap Europe, DNCA Invest Norden Europe, Elo Mutual Pension Insurance Company, Evli Bank Plc., Evli Fund Management Company Ltd., Handelsbanken Fonder AB and Ilmarinen Mutual Pension Insurance Company, have irrevocably undertaken to accept the Tender Offer subject to certain customary conditions. The irrevocable undertakings represent jointly approximately 32.6 percent of the shares and votes in Kotipizza.
On 24 November 2018, the Offeror announced that its holding of shares in the Company had exceeded 10 percent.
The completion of the Tender Offer is subject to certain conditions to be fulfilled on or by the date of the Offeror’s announcement of the final result of the Tender Offer, including, among others, approvals by the relevant regulatory authorities, such as competition authorities, and the Offeror gaining control of more than 90 percent of the outstanding shares and votes in Kotipizza.
*THE STATEMENT OF THE BOARD OF DIRECTORS*
*1. Background of the statement*
Pursuant to the Finnish Securities Market Act, the Board of Directors of Kotipizza shall prepare a public statement regarding the Tender Offer.
The statement shall include a well-founded assessment of the Tender Offer from the perspective of Kotipizza and its shareholders, as well as of the strategic plans presented by the Offeror in the Tender Offer Document and their likely effects on the operations and employment of Kotipizza as presented by the Offeror in the Tender Offer Document.
For the purposes of issuing this statement, the Offeror has submitted to the Board of Directors the draft version of the Finnish language Tender Offer Document in the form in which the Offeror has filed it with the Finnish Financial Supervisory Authority for approval on 28 November 2018.
In preparing its statement, the Board of Directors has relied on information provided in the draft Tender Offer Document and the Offeror Release and has not independently verified this information.
*2. Assessment regarding strategic plans presented by the Offeror and their likely effects on the operations of, and employment at, Kotipizza Group Oyj*
*Information given by the Offeror in the draft Tender Offer Document and the Offeror Release*
The Board of Directors has assessed the Offeror's strategic plans and their probable impact based on the information included in the draft Tender Offer Document and the Offeror Release.
According to information provided in the draft Tender Offer Document, Orkla is a leading supplier of branded consumer goods and concept solutions to the consumer, out-of-home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Orkla is an Oslo Stock Exchange listed company with net sales and EBITDA in 2017 of NOK 39.6 billion (approximately EUR 4.2 billion with the average 2017 exchange rate) and NOK 5.8 billion (approximately EUR 620 million with the average 2017 exchange rate), respectively, and a market capitalisation on 21 November 2018 of approximately NOK 72.9 billion (approximately EUR 7.5 billion with the 21 November 2018 exchange rate).
Kotipizza is a leading player in the growing restaurant market in Finland, which is one of Orkla’s home markets. The restaurants are mainly operated by franchisees. According to information provided in the Offeror Release, the contemplated acquisition is in line with Orkla’s strategy of growing in channels with higher growth than the traditional grocery channel. According to the Offeror Release, welcoming Kotipizza to Orkla’s house of brands is a natural and decisive step towards building the future Orkla.
According to information provided in the draft Tender Offer Document, Orkla values the roles that the current management, employees and franchisees of Kotipizza have in the success of the Company and the completion of the Tender Offer is not expected to have any immediate material effects on Kotipizza's operations, the position of Kotipizza's management, employees, franchisees or its business locations. Orkla, however, intends to change the composition of the Board of Directors of Kotipizza after the completion of the Tender Offer. According to the draft Tender Offer Document, it is the intention of the Offeror that Kotipizza will continue to operate as a separate entity under Orkla and to continue the existing franchise model.
The Board of Directors believes that the recognition of Orkla’s brand and its leading market position in branded consumer goods and concept solutions in the Nordics, Baltics and selected other markets would benefit Kotipizza’s business operations in the future. The Board of Directors further believes that the support and expertise of Orkla would help Kotipizza to further develop its operations and build a foundation for profitable growth. According to the Board of Directors’ view, the Tender Offer is a recognition of Kotipizza’s position as one of the best-known restaurant brands in Finland.
The Board of Directors considers that the Offer Price and the credibility of Orkla as an investor positively affect the ability of the Offeror to gain control of more than 90 percent of the shares and thereby help successfully complete the Tender Offer. An indication of this has already been seen in the form of the irrevocable undertakings by shareholders of Kotipizza representing jointly approximately 32.6 percent of the shares and votes in Kotipizza.
The Board of Directors considers that the information on the Offeror's strategic plans concerning Kotipizza included in the draft Tender Offer Document is of a general nature. However, based on information presented to Kotipizza, the Board of Directors believes that the completion of the Tender Offer is not expected to have any immediate material effects on Kotipizza’s operations, business locations or number of employees. Orkla, however, intends to change the composition of the Board of Directors of Kotipizza after the completion of the Tender Offer.
On the date of this statement, the Board of Directors has not received any formal statements from the Company’s employees as to the effects of the Tender Offer on the employment at Kotipizza.
*3. Assessment of the Board of Directors from the perspective of Kotipizza Group Oyj and its shareholders*
When evaluating the Tender Offer, analysing alternative opportunities available to Kotipizza and concluding on its statement, the Board of Directors has considered several factors, such as Kotipizza's recent financial performance, current position and future prospects, and the historical performance of the trading price of the Kotipizza share.
The Board of Directors' assessment of the merits of continuing the business operations of Kotipizza as an independent company has been based on reasonable future-oriented estimates, which include uncertainties, whereas the Offer Price and the premium included therein is not subject to any uncertainty other than the fulfilment of the conditions to completion of the Tender Offer.
In order to support its assessment of the Tender Offer, the Board of Directors has received a fairness opinion, dated 21 November 2018, regarding the Tender Offer (the “*Fairness Opinion*”) from Kotipizza's financial advisor, Advium Corporate Finance Ltd. Subject to the assumptions and qualifications set out in the Fairness Opinion, the Fairness Opinion states that the Offer Price is fair to the shareholders of Kotipizza from a financial point of view. The Fairness Opinion is attached as Appendix 1 to this statement.
The Board of Directors believes that the Offer Price offered to the shareholders of Kotipizza is fair based on an assessment of the issues and factors that the Board of Directors has concluded to be material in evaluating the Tender Offer. These include, among other factors:
· the premium of 38.6 percent being offered compared to the closing price of the Kotipizza share on Nasdaq Helsinki on 21 November 2018, the last trading day before the announcement of the Tender Offer;
· information and assumptions on the business operations and finances of Kotipizza at the date of this statement and their expected future development;
· the historical trading price of the Kotipizza share;
· valuation multiples of the Kotipizza share prior to the announcement of the Tender Offer;
· the cash consideration of the Tender Offer, which provides the shareholders with immediate liquidity and significant certainty in realizing the value of the shares, as compared to a stand-alone option;
· the likelihood of consummation of the Tender Offer, including that the completion of the Tender Offer is not conditional upon the availability of financing;
· other terms and conditions of the Tender Offer;
· the support by certain large shareholders in Kotipizza for the Tender Offer;
· the termination fee, payable to the Offeror only in the event that the Combination Agreement is terminated in connection with the Board of Directors withdrawing or changing its recommendation and being limited to an amount corresponding to the Offeror’s reasonable transaction costs, and the Offeror being liable to pay a termination fee to the Company in certain circumstances; as well as
· the Fairness Opinion issued by Advium Corporate Finance Ltd.The Board of Directors has concluded that Kotipizza would also have other strategic opportunities to develop its business as an independent company for the benefit of Kotipizza and its shareholders. However, taking into consideration the risks and uncertainties associated with such stand-alone approach as well as the terms and conditions of the Tender Offer, the Board of Directors has concluded that the Tender Offer is a more favourable alternative for the shareholders.
Kotipizza has in the Combination Agreement agreed to a standard clause whereby Kotipizza has undertaken not to solicit competing proposals or, subject to the fiduciary duties of the Board of Directors of Kotipizza, promote the progress of such proposals. Having carefully assessed the terms and conditions of the Tender Offer, the Board of Directors has concluded that entering into the Combination Agreement, including said non-solicitation clause, is in the interest of Kotipizza's shareholders.
*4. Recommendation of the Board of Directors*
The Board of Directors has carefully assessed the Tender Offer and its terms and conditions based on the draft Tender Offer Document, the Fairness Opinion, and other available information.
Based on the above, the Board of Directors deems that the Tender Offer and the amount of the Offer Price are under the prevailing circumstances fair to Kotipizza shareholders.
Given the viewpoints presented above, the Board of Directors of Kotipizza unanimously recommends that the shareholders of Kotipizza accept the Tender Offer.
This statement is based on an assessment of the issues and factors which the Board of Directors has concluded to be material in evaluating the Tender Offer, including, but not limited to, the information and assumptions on the business operations and finances of Kotipizza at the date of this statement and their expected future development.
All members of the Board of Directors have participated in the decision-making concerning the statement. The evaluation of independence of the members of the Board of Directors is available on Kotipizza’s website.
Five of the six members of the Board of Directors own shares in Kotipizza, either directly or indirectly. Each of these members of the Board of Directors has independently assessed whether he or she can, unconstrained by undue influences, participate in the preparations of this statement and decision to recommend the Tender Offer to the shareholders and further the interests of the shareholders collective. Each of them has determined that the ownership of shares in the Company will not affect his or her possibilities to act in accordance with a board member’s fiduciary duties towards the shareholders collective.
*5. Other Issues*
The Board of Directors of Kotipizza notes that the combination of Kotipizza and Orkla may pose challenges to both parties, and the combination may, as is common in such processes, involve unforeseeable risks.
The Board of Directors notes that shareholders of Kotipizza should also consider the risks related to not accepting the Tender Offer. The completion of the Tender Offer would reduce the number of shareholders in Kotipizza and the number of shares that would otherwise be publicly traded. Depending on the number of shares validly tendered in the Tender Offer, this could have an adverse effect on the liquidity and value of the shares.
Pursuant to Chapter 18 of the Finnish Companies Act (624/2006, as amended), a shareholder with more than 90 percent of all shares and votes in a company shall have the right to acquire, and subject to a demand by the other shareholders also be obligated to redeem, the shares owned by the other shareholders. The shares held by shareholders in Kotipizza who have not accepted the Tender Offer may be redeemed through compulsory redemption proceedings under the Finnish Companies Act under the conditions set out therein.
This statement of the Board of Directors does not constitute investment or tax advice, and the Board of Directors of cannot be expected to specifically evaluate herein the general price development or the risks relating to the shares in general. Shareholders must independently decide whether to accept the Tender Offer, and they should take into account all relevant information available to them, including information presented in the draft Tender Offer Document and this statement as well as any other factors affecting the value of the shares.
Kotipizza has undertaken to comply with the Helsinki Takeover Code referred to in Chapter 11, Section 28 of the Finnish Securities Markets Act.
Kotipizza is being advised by Advium Corporate Finance Ltd as financial advisor and Avance Attorneys Ltd as legal advisor.
29 November 2018
The Board of Directors of Kotipizza Group Oyj
Kalle Ruuskanen, Chairman of the Board of Directors
Contact: Timo Pirskanen, CFO and Deputy to the CEO, tel: +358 207 716 747
Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial year 2017, the number of restaurants stood at 266. In the financial year 2017, the total sales of Kotipizza restaurants amounted to EUR 106.3 million. The Kotipizza chain and Kotipizza Oyj operating the chain are part of the Kotipizza Group, alongside the supply and logistics company Helsinki Foodstock Oy, Chalupa Oy that operates the Mexican-style restaurant chain Chalupa, The Social Burger Joint Oy that operates the Social Burgerjoint restaurant chain, as well as the No Pizza restaurant concept, aimed for international markets, that opened its first restaurant in June 2018.
In the financial year 2017, Helsinki Foodstock had net sales of EUR 64.2 million and the total sales of Chalupa restaurants were EUR 1.86 million. In the same period, Kotipizza Group had total net sales of EUR 84.1 million with EBIT of EUR 6.4 million.
THIS RELEASE MAY NOT BE RELEASED OR OTHERWISE DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.
THIS RELEASE IS NOT A TENDER OFFER DOCUMENT AND AS SUCH DOES NOT CONSTITUTE AN OFFER OR INVITATION TO MAKE A SALES OFFER. IN PARTICULAR, THIS RELEASE IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES DESCRIBED HEREIN, AND IS NOT AN EXTENSION OF THE TENDER OFFER, IN, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG. INVESTORS SHALL ACCEPT THE TENDER OFFER FOR THE SHARES AND OPTION RIGHTS ONLY ON THE BASIS OF THE INFORMATION PROVIDED IN A TENDER OFFER DOCUMENT. OFFERS WILL NOT BE MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE EITHER AN OFFER OR PARTICIPATION THEREIN IS PROHIBITED BY APPLICABLE LAW OR WHERE ANY TENDER OFFER DOCUMENT OR REGISTRATION OR OTHER REQUIREMENTS WOULD APPLY IN ADDITION TO THOSE UNDERTAKEN IN FINLAND.
THE TENDER OFFER IS NOT BEING MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW AND, WHEN PUBLISHED, THE TENDER OFFER DOCUMENT AND RELATED ACCEPTANCE FORMS WILL NOT AND MAY NOT BE DISTRIBUTED, FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW. IN PARTICULAR, THE TENDER OFFER IS NOT BEING MADE, DIRECTLY OR INDIRECTLY, IN OR INTO, OR BY USE OF THE POSTAL SERVICE OF, OR BY ANY MEANS OR INSTRUMENTALITY (INCLUDING, WITHOUT LIMITATION, FACSIMILE TRANSMISSION, TELEX, TELEPHONE OR THE INTERNET) OF INTERSTATE OR FOREIGN COMMERCE OF, OR ANY FACILITIES OF A NATIONAL SECURITIES EXCHANGE OF, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG. THE TENDER OFFER CANNOT BE ACCEPTED, DIRECTLY OR INDIRECTLY, BY ANY SUCH USE, MEANS OR INSTRUMENTALITY OR FROM WITHIN, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG.
THIS STOCK EXCHANGE RELEASE OR ANY OTHER DOCUMENT OR MATERIALS RELATING TO THE TENDER OFFER IS NOT BEING MADE AND HAVE NOT BEEN APPROVED BY AN AUTHORISED PERSON FOR THE PURPOSES OF SECTION 21 OF THE UK FINANCIAL SERVICES AND MARKETS ACT 2000 (“FSMA”). ACCORDINGLY, THIS STOCK EXCHANGE RELEASE OR ANY OTHER DOCUMENT OR MATERIALS RELATING TO THE TENDER OFFER ARE NOT BEING DISTRIBUTED TO, AND MUST NOT BE PASSED ON TO, THE GENERAL PUBLIC IN THE UNITED KINGDOM. THE COMMUNICATION OF THIS STOCK EXCHANGE RELEASE OR ANY OTHER DOCUMENT OR MATERIALS RELATING TO THE TENDER OFFER IS EXEMPT FROM THE RESTRICTION ON FINANCIAL PROMOTIONS UNDER SECTION 21 OF THE FSMA ON THE BASIS THAT IT IS A COMMUNICATION BY OR ON BEHALF OF A BODY CORPORATE WHICH RELATES TO A TRANSACTION TO ACQUIRE DAY TO DAY CONTROL OF THE AFFAIRS OF A BODY CORPORATE; OR TO ACQUIRE 50 PER CENT. OR MORE OF THE VOTING SHARES IN A BODY CORPORATE, WITHIN ARTICLE 62 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005.
*Notice to U.S. Shareholders*
U.S. shareholders are advised that the shares of Kotipizza are not listed on a U.S. securities exchange and that Kotipizza is not subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934 (the “Exchange Act”), and is not required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the “SEC”) thereunder. The Tender Offer is made to Kotipizza’s shareholders resident in the United States on the same terms and conditions as those made to all other shareholders of Kotipizza to whom an offer is made. Any information documents, including this Tender Offer Document, are being disseminated to U.S. shareholders on a basis comparable to the method that such documents are provided to Kotipizza’s other shareholders.
The Tender Offer is made in the United States pursuant to Section 14(e) and Regulation 14E under the Exchange Act as a “Tier II” tender offer, and otherwise in accordance with the requirements of Finnish law. Accordingly, the Tender Offer will be subject to disclosure and other procedural requirements, including with respect to the offer timetable, settlement procedures and timing of payments that are different from those applicable under U.S. domestic tender offer procedures and law.
To the extent permissible under applicable law or regulations, Orkla and its affiliates or brokers (acting as agents for Orkla or its affiliates, as applicable) may from time to time, and other than pursuant to the Tender Offer, directly or indirectly, purchase or arrange to purchase, the shares of Kotipizza or any securities that are convertible into, exchangeable for or exercisable for such shares of Kotipizza. To the extent information about such purchases or arrangements to purchase is made public in Finland, such information will be disclosed by means of a press release or other means reasonably calculated to inform U.S. shareholders of Kotipizza of such information. In addition, the financial advisers to Orkla may also engage in ordinary course trading activities in securities of Kotipizza, which may include purchases or arrangements to purchase such securities.
Neither the SEC nor any U.S. state securities commission has approved or disapproved the Tender Offer, or passed any comment upon the adequacy or completeness of any tender offer document. Any representation to the contrary is a criminal offence in the United States.
· Fairness Opinion by Advium Corporate Finance Ltd
· Kotipizza Group Oyj Statement of the Board of Directors of Kotipizza Group Oyj Regarding the Voluntary Public Cash Tender Offer by Orkla ASA Reported by GlobeNewswire 2 hours ago.
CHICAGO, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Seed CX, which through its subsidiaries offers a licensed exchange for institutional trading and settlement of spot digital asset products and plans to offer a market for CFTC-regulated digital asset derivatives, today announced that QCP Capital, one of Asia’s largest digital-asset trading firms, has connected to its trading platform.
With this connection, Seed CX is bridging geographically disparate liquidity pools by providing Singapore investors access to a licensed and regulated exchange, and U.S. investors to liquidity and order flow from the extensive digital-assets trading ecosystem in Asia.
“Seed CX’s mission is to be the preferred trading venue for leading institutions across the world,” said Edward Woodford, Seed CX co-founder and CEO. “Our connecting with groups like QCP Capital is a further sign that we are building an exchange that is attractive to top-tier trading firms and order flow throughout the world.”
Unlike the majority of digital asset exchanges, Seed CX is purpose-built for the needs of institutional investors. Seed CX has secured and continues to pursue a wide variety of regulatory approvals to deliver the experience institutions demand, including:
· No Internal Trading Desk – Seed CX and its subsidiaries do not run internal market-making desks or proprietary OTC operations, nor are their employees allowed to trade digital assets, eliminating significant conflicts of interest that plague most exchanges.
· Trading Infrastructure – Seed CX supports FIX connectivity and multiple trading desks, and offers a diverse crypto and fiat product suite, the ability to integrate with popular institutional order management systems, and easy market monitoring.
· Risk Management and Operations – Seed CX protects market participants through an active regime of trade surveillance, segregated trader accounts, audit trails, and circuit breakers, all on a stable, reliable, and secure infrastructure and backed by a dedicated account team.
· Settlement and Custody – Seed CX, through its settlement engine, Zero Hash, offers physical settlement for a range of fiat and digital assets, as well as custody through its proprietary Digital Asset Vault.
“Singapore is the Asian hub for digital asset investors, and we see Seed CX as the perfect partner for both QCP Capital and our clientele,” said Darius Sit, Managing Partner at QCP Capital. “We appreciate Seed CX’s focus on doing the difficult things that larger investors want. They are building a venue that offers the benefits of regulatory oversight, the ability to trade spot and derivatives side by side, and, in the not too distant future, a BTCSGD pair. We expect our client base to see significant benefits from trading digital assets on Seed CX.”
Many in the digital asset space see derivatives as key to digital assets’ broader adoption among mainstream investors. To expedite this maturation, Seed CX and its affiliates are pursuing the regulatory approvals required to offer digital asset derivatives side by side with spot trading.
“A common characteristic of the most popular spot markets is a healthy and effective complementary derivatives market,” added Woodford. “Derivatives offer great flexibility, giving investors a capital-efficient way to take positions to hedge risks. That’s what top digital-asset trading firms like QCP demand, and we are currently working with regulators on launching these derivative products.”
*About QCP Capital*
QCP Capital is Asia's leading digital asset trading firm and is headquartered in Singapore. The firm runs quantitatively-driven strategies with a focus on trading crypto derivatives. In addition, QCP runs a large over-the-counter trading desk and provides crypto-trading services such as risk management solutions and market-making operations. QCP has a strategic focus on Southeast Asia but also operates in the UK, Japan and Australia.
*About Seed CX*
Seed CX is a Chicago-based licensed digital asset exchange, which through its subsidiaries offers a market for institutional trading and settlement of spot digital assets, and plans to offer a separate market for CFTC-regulated derivatives. Seed CX is backed by Bain Capital Ventures. Other investors include: trading firms CMT Digital, Queueco, Tetras Capital, BlueFire Capital; well-respected digital asset investing companies, including F2Pool, QCP Capital, Konza Ventures, Origin Capital, Dekrypt Capital, OKCoin USA and Divergence Digital Currency Fund; and investment bank XMS Capital. Seed CX’s Board is composed of co-founders Edward Woodford and Brian Liston, and lead Series A investor Adam B. Struck from Divergence Digital Currency Fund. Salil Deshpande from Bain Capital is on the Board as an Observer.
*Zero Hash *is a FinCen regulated Money Service Business and Money Transmitter in over 21 States. Zero Hash currently also has a pending BitLicense with NYDFS. Zero Hash custodies both fiat and digital assets, with on-chain settlement.
*Seed SEF* is a CFTC-regulated Swap Execution Facility (SEF) that plans to offer a market for CFTC-regulated digital asset derivatives.
*Seed Digital Securities Market* is pending registration as a Broker Dealer with FINRA.
*Media Contact:* Josh Inglis, firstname.lastname@example.org, (312) 504-7677 Reported by GlobeNewswire 2 hours ago.
India captain Virat Kohli was on Thursday slammed by cricket fans for wearing shorts at the toss for the warm-up game against Cricket Australia XI ahead of the four-Test series in Adelaide.
Reported by Rediff.com 2 hours ago.
Harry Redknapp's wife Sandra relaxes on the Gold Coast with their granddaughter Molly [MEGA] Harry Redknapp's wife Sandra is pictured shopping with her granddaughter Molly hours after touching down in Australia to support her husband during his stint on I'm A Celebrity... Get Me Out Of Here! Indulging in a spot of retail therapy, the glamourous 71 year old looked gorgeous as she dressed in a pastel blue sundress that revealed her toned calves, whilst her hair and makeup was ...
Reported by OK! 43 minutes ago.
A doctor at the University of Melbourne in Australia, as well as a few other pediatricians, decided to swallow heads of Lego -More-
Reported by SmartBrief 47 minutes ago.
Dublin, Nov. 29, 2018 (GLOBE NEWSWIRE) -- The "Printed electronics Market by Material , Technology, Device, Industry, and Geography - Global Forecast to 2023" report has been added to *ResearchAndMarkets.com's* offering.The printed electronics market is estimated to reach USD 13.6 billion by 2023 from USD 6.8 billion in 2018, at a CAGR of 14.92% during 2018-2023.Printed electronics is gaining high traction worldwide owing to the rise in the application of printed electronics in the Internet of Things (IoT). The high demand for thin, robust, and flexible substrates for producing secure and cost-effective and significant cost advantages provided by printed electronics are the other major factors driving the market growth. However, the dearth of technical know-how and highly skilled system integrators restricts the growth of the said market to a certain extent.
*Market for inkjet printing to register highest growth rate during forecast period*
Inkjet printing is a contactless printing process used in applications requiring uniform thickness. Unlike screen printing, inkjet printing is used in emerging applications such as textile and industrial. Inkjet printing is also gaining high traction in commercialized applications, such as sensors, OLEDs, and PVs owing to its ability to digitally control the ejection of ink droplets of defined volume and precisely position them onto a substrate.
*Printed displays to hold the largest market share in 2018*
Printed displays are mainly used in consumer electronic products such as wearables and mobile devices. Increasing proliferation of lightweight, innovative, and flexible displays in consumer electronic devices is fueling the demand for printed displays. Rising demand for connected and IoT devices in the consumer electronics industry is also propelling the growth of the printed display market.
*Market for aerospace & defense industry to register highest growth rate during forecast period*
In the aerospace & defense industry, this technology is used in an unmanned aerial vehicle (UAV) owing to its advantages such as lightweight, less complexity, and high reliability, which ultimately results in low maintenance requirements. Emerging applications in the aerospace & defense industry, such as avionics, high-power lasers, radars, nanodevices, stents, high-power electromagnetic systems, and nitrogen systems are creating a need for miniaturization and micro-miniaturization of systems. Printed electronics is a high-reliable and cost-effective solution to meet these requirements in the aerospace & defense industry.
*APAC to register highest growth rate during forecast period*
The market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is a hub for a large number of manufacturers of electronic devices and components. The growth can be attributed to the huge production of electronic components and increased investments in R&D in the region. Moreover, factors such as technological improvements, increased awareness regarding the benefits of printed electronics, and its ability to lower the production cost are contributing toward the growth of the printed electronics market in the region.
Key players in the printed electronics market include Samsung (South Korea), LG (South Korea), DuPont (US), BASF (Germany), Agfa-Gevaert (Belgium), Air Products and Chemicals (US), Nissha USA (US), NovaCentrix (US), Molex (US), E Ink Holdings (US), Ynvisible Interactive (Portugal), and Palo Alto Research Center (PARC) (US).
*Key Topics Covered:**1 Introduction*
1.1 Study Objectives
1.3 Study Scope
1.6 Market Stakeholders
*2 Research Methodology*
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
*3 Executive Summary *
*4 Premium Insights*
4.1 Attractive Opportunities in Printed Electronics Market (2018-2023)
4.2 Printed Electronics Market for Inkjet Printing, By Device
4.3 Printed Electronics Market for Sensors, By Technology
4.4 Printed Electronics Market in APAC, By End-User Industry
4.5 North American Printed Electronics Market, By Country
*5 Market Overview*
5.2 Market Dynamics
18.104.22.168 Rise in Applications of Printed Electronics in IoT
22.214.171.124 High Demand for Thin, Robust, and Flexible Substrates for Producing Secure and Cost-Effective Printed Electronics
126.96.36.199 Significant Cost Advantages Provided By Printed Electronics
188.8.131.52 Dearth of Technical Know-How and Highly Skilled System Integrators
184.108.40.206 New Functionalities, Applications, and Integration of Printed Electronics Into Multiple Products
220.127.116.11 Increased Trend of Building Electronics Using Additive Manufacturing
18.104.22.168 Developing New and Cost-Effective Inks
22.214.171.124 Educating Partners and Clients About Printed Electronics
5.3 Value Chain Analysis
*6 Printed Electronics Market, By Printing Technology*
6.2 Inkjet Printing
6.2.1 Continuous Inkjet Printing
126.96.36.199 Continuous Inkjet Printing is Highly Advanced, Fast, and Versatile Compared to Drop-On-Demand Inkjet Printing
6.2.2 Drop-On-Demand Inkjet Printing
188.8.131.52 Drop-On-Demand Inkjet Printing is Mainly Driven By Packaging and Industrial Applications
6.3 Screen Printing
184.108.40.206 Flatbed Printing is Most Preferred With Products That Require Precise Thickness
220.127.116.11 Rotary Screen Printing Holds Inks Better and Longer Than Other Printing Methods
6.4 Flexographic Printing
6.4.1 Flexographic Printing Uses UV Curable Inks That Help in Improving Image Quality
6.5 Gravure Printing
6.5.1 Gravure Printing is the Least Complex Technique That Provides the Highest Resolution
6.6.1 3d Printing
18.104.22.168 Low Wastage of Raw Materials and Innovative Structure Drive the Growth of the Market for 3d Printing Technology
6.6.2 Offset Printing
22.214.171.124 Long-Lasting Quality is Driving the Offset Printing Technology Market
6.6.3 Reel-To-Reel Printing
126.96.36.199 Reel-To-Reel Printing Offers the Freedom to Set the Width at Any Length
6.6.4 Pneumatic Printing
188.8.131.52 Benefit of Pneumatic Printing Includes the Automatic Setting of Time and Temperature
6.6.5 Aerosol Jet Printing
184.108.40.206 Aerosol Jet Printing is Mainly Used for High-Volume Production of Printed Antennas, Displays, and 3d Printed Electronics
6.6.6 Offset Printing
220.127.116.11 Offset Printing is the Most Demanded Technique Owing to Its High-Throughput for Industrial-Scale Applications
18.104.22.168 Nanoimprinting Technique is Driven By Demand for Lightweight, Ultra-Thin, Bendable, and Transparent Electronic Components
*7 Printed Electronics Market, By Application*
7.2.1 E-Paper Displays
22.214.171.124 Increasing Demand for E-Books, E-Newspapers, and Mobile Displays is Expected to Increase the Adoption of E-Paper Displays
7.2.2 Electroluminescent Displays
126.96.36.199 Increase in the Demand for Displays With Larger Emitting Areas to Drive the Growth of the Market for Electroluminescent Displays
7.3 RFID Tags
7.3.1 The Antenna is the Biggest Component of RFID Tags
7.4.1 Low Cost, Environmental Friendliness, Non-Toxic and Disposable Materials Make Printed Batteries an Attractive Market
7.5.1 The Low Cost of Printed Electronics Technology Drives the Market for Printed PV Cells
7.6.1 Touch Sensors
188.8.131.52 Consumer Electronics is Expected to Dominate the Printed Electronics Market for Touch Sensors
7.6.2 Gas Sensors
184.108.40.206 Market for Gas Sensors is Driven By the Growing Awareness About Reducing Carbon Footprints to Improve Air Quality
7.6.3 Humidity Sensors
220.127.116.11 Demand for Printed Humidity Sensors is Driven By Their Application in Hvac Systems, Medical Devices, and Automobiles
7.6.4 Pressure Sensors
18.104.22.168 Developments in Printed Pressure Sensors Had Brought Advancements in the Pressure Sensor Market
7.6.5 Image Sensors
22.214.171.124 The Image Sensor Market Growth is Driven By High Adoption of Flexible Image Sensors
7.6.6 Temperature Sensors
126.96.36.199 Demand for Reliable, High-Performance, and Low-Cost Sensors in Temperature Measurement and Control Applications has Boosted the Demand of Printed Temperature Sensors
7.6.7 Proximity Sensors
188.8.131.52 Increasing Research and Development is Expected to Boost the Demand for Proximity Sensor
7.6.8 Other Sensors
7.7 Lighting Solutions/Devices
7.7.1 Electroluminescent Lighting (EL)
184.108.40.206 Low-Intensity Lighting Solutions are Likely to Boost the Growth of the Market for Electroluminescent Lighting (EL)
7.7.2 Organic Light-Emitting Diode (OLED) Lighting
220.127.116.11 Significant Investment in Organic Light-Emitting Diode (OLED) Lighting Drives Market Growth
7.8 Other Devices
*8 Printed Electronics Market, By End-User Industry*
8.2 Automotive and Transportation
8.2.1 Automotive and Transportation Industry Expected to Continue to Accounted for the Largest Share of Printed Electronics Market During the Forecast Period
8.3.1 Wide-Scale Adoption of Printed Sensors in the Medical Field is Driving the Growth of the Printed Electronics Market for the Healthcare Industry
8.4 Consumer Electronics
8.4.1 Screen Printing is Playing A Vital Role in the Growth of the Consumer Electronics Industry
8.5 Aerospace and Defense
8.5.1 Market for the Aerospace & Defense Industry is Estimated to Grow at the Highest CAGR During the Forecast Period
8.6 Construction and Architecture
8.6.1 Requirement for Thin, Lightweight, and Flexible Devices Drives the Printed Electronics Market Growth in the Construction and Architecture Industry
8.7 Retail and Packaging
8.7.1 Rising Demand for Smart Packaging is Expected to Boost the Retail and Packaging Industry in the Coming Years
8.8 Other Industries
*9 Printed Electronics Market, By Material*
9.2.1 Organic Substrates
18.104.22.168.1 Printed PV Cells Have Good Potential in Plastic-Based Oligomers
22.214.171.124.1 Molecules are Widely Preferred in Light-Emitting Capacitors (LECS) and Panel Backlights in Instrument Panel Displays
126.96.36.199.1 Printing With Polymers Leads to Low-Cost Printing of Electronics on Flexible Substrates
188.8.131.52.1 Paper is Widely Used in Smart Packaging and RFID Tags
9.2.2 Inorganic Substrates
184.108.40.206.1 Silicon Holds A Promising Future in High-Power Electronic Applications Such as Electronic Chips and Thin-Film Transistors
220.127.116.11.1 The Most Commonly Used Method for Printing Over Glass is Screen Printing
18.104.22.168 Metal Oxides
22.214.171.124.1 Key Benefits of Metal Oxide Include Lower Power Consumption and Rugged Structure
9.3.1 Conductive Inks
126.96.36.199 The Use of Metals in Conductive Inks Makes Them Best Suited for Printed Electronic Components
9.3.2 Dielectric Inks
188.8.131.52 UV-Cured Dielectric Inks Offer Good Printability and Excellent Flexibility Compared to Conductive Inks
*10 Geographic Analysis*
10.2 Asia Pacific
10.2.1.1 China Expected to Lead the Printed Electronics Market in APAC
10.2.2.1 Research and Development Activities are Expected to Boost the Printed Electronics Market Growth in Australia
10.2.3.1 High Adoption of Next-Generation Technologies Propels the Printed Electronics Market Growth in Japan
10.2.4 South Korea
10.2.4.1 Printed Displays, Under the Application Segment, Have Huge Growth Potential in South Korea
10.2.5 Rest of APAC
10.3.1 North America
10.3.1.1.1 US Accounts for the Largest Size of the Printed Electronics Market in North America
10.3.1.2.1 Canada is Expected to Witness the Highest Growth Rate in the Printed Electronics Market in North America
10.3.1.3.1 Mexico is Expected to Grow Slowly Due to the Low Adoption Rate of Printed Electronics in Most Industries
10.3.2 South America
10.3.2.1 Significant Investment in Organic Photovoltaics is Expected to Boost the Printed Electronics Market Growth in South America
10.4.1.1 France is the Second-Largest European Market for Printed Electronics
10.4.2.1 Widespread Adoption of Printed Electronics in Automotive and Consumer Electronics Industries is Driving the Growth in Europe
10.4.3.1 The UK is Expected to Witness the Highest Growth Rate in the European Printed Electronics Market During the Forecast Period
10.4.4 Rest of Europe
10.5.1 Middle East
10.5.1.1 Growing Customer Awareness Regarding the Latest Technologies is Surging the Demand for Printed Electronics in the Middle East
10.5.2.1 Growing Market for Electronics Manufacturing is Expected to Fuel the Printed Electronics Market Growth in Africa
*11 Competitive Landscape*
11.2 Ranking Analysis
11.3 Competitive Scenario
*12 Company Profiles*
12.1 Key Players
12.1.3 Palo Alto Research Center (PARC)
12.1.6 Nissha USA
12.1.10 E Ink Holdings
12.1.11 Ynvisible Interactive
12.2 Other Key Companies
12.2.2 Cambridge Display Technologies (CDT)
12.2.4 Thin Film Electronics
12.2.5 Applied Ink Solutions
12.2.8 Printed Electronics Limited
12.2.9 Intrinsiq Materials
12.2.10 Vorbeck MaterialsFor more information about this report visit https://www.researchandmarkets.com/research/hk78dr/printed?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Printed Electronics Reported by GlobeNewswire 2 hours ago.
Nick Knowles gave his lovechild 13 middle names [Stuart C. Wilson] Nick Knowles gave his lovechild son a staggering 13 middle names, it has been revealed. The 24 year old, Tyrian-J Knowles, flew to Australia earlier this week to support his father, 56, in the current series of I'm A Celebrity... Get Me Out Of Here!. During his trip, it was discovered that he has 13 middle names, with them all printed on his passport. Nick is currently taking part in I'm A Celebrity... ...
Reported by OK! 6 minutes ago.
Jeff Horn wants to regain his WBO welterweight crown from American Terence Crawford in a blockbuster rematch in Australia.
Reported by SBS 2 hours ago.
India have scored 358 in their tour game at the SCG, with assistant coach Sanjay Bangar insisting they're happy to face an inexperienced Cricket Australia XI.
Reported by SBS 1 hour ago.
It becomes the first in the world to recognise "orphanage trafficking" as a form of slavery.
Reported by BBC News 1 hour ago.