VANCOUVER, March 23, 2018 /PRNewswire/ -- LITE ACCESS TECHNOLOGIES INC. (the "Company") (TSX VENTURE: LTE) (OTC PINK: LTCCF) is pleased to announce that Gigaclear plc ("Gigaclear") has awarded the Company a rural fibre optic deployment contract to bring ultrafast, full fibre broadband to up to 10,000 homes in West Oxfordshire, United Kingdom. The total expected value of this award is upwards of $29,000,000 with completion of the works anticipated by the end of 2019.
Carlo Shimoon, CEO of Lite Access, stated, "This is a watershed moment for our Company and validates the premium quality of our work and ramp up in the UK over the past year. Our cutting-edge fibre deployment technologies are ideally suited for this rural environment and we expect to expand our strategic relationship with Gigaclear in support of their growing rural fibre coverage. We could not be more excited about this first, of what we expect will be many, opportunities. We are pleased with the direction the Company is heading, our growth potential, and ensuring that we remain a world leader in this industry to unlock the full fibre future in the UK and elsewhere."
Gigaclear is dedicated to building and operating ultrafast, pure Fibre-to-the-Premises broadband networks in rural Britain. It offers Gigabit services to over 60,000 homes and businesses to date across Berkshire, Buckinghamshire, Cambridgeshire, Essex, Hertfordshire, Gloucestershire, Kent, Leicestershire, Lincolnshire, Northamptonshire, Oxfordshire, Rutland and Worcestershire. Gigaclear builds networks using commercial investment but it has also been awarded contracts in 2017 as part of the Government subsidised BDUK rural broadband programme in Devon, Essex, Gloucestershire, Herefordshire, Northamptonshire, Somerset and Wiltshire. For more information, refer to Gigaclear's website: https://www.gigaclear.com/
About Lite Access
Lite Access Technologies Inc. is a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost the network deployment for telecommunications operators. Lite Access has successfully deployed or enabled deployment of thousands of kilometres of broadband networks throughout North America and the United Kingdom as well as South America, Africa, Australia and Asia.
As part of its suite of services Lite Access provides clients with integrated solutions or select components for the design and implementation of fibre optic networks. Lite Access' products have been deployed in many high-profile communication networks including Olympic facilities, military and government, numerous communities throughout the United Kingdom, the USA and Canada as well as global telecommunications companies that have adopted Lite Access as the "solution of choice" for the least invasive, most cost effective and future-proof fibre optic connectivity available.
Lite Access' installation technology and proprietary products extend a network provider's ability to deliver true broadband connectivity directly to end-users, such as homes, businesses, government and educational institutions, and emergency response facilities. Lite Access remains flexible and innovative in its commitment to provide global clients and partners with the most cost effective and proven fibre connectivity solutions available.
Forward Looking Information
This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Lite Access uses words such as "may", "would", "could", "will", "likely", "expect", "believe", "intend" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Lite Access in light of its experience and its perception of historical trends, current conditions and expected future developments. However, whether actual results and developments will conform to Lite Access' expectations and predictions is subject to any number of risks, assumptions and uncertainties. Many factors could cause Lite Access' actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such factors include, among other things: the projected value of the contract award from Gigaclear, and risks and uncertainties described in Lite Access's most recent Management Discussion & Analysis (MD&A) for the period ended December 31, 2017 which can be accessed at www.sedar.com. The "forward-looking statements" contained herein speak only as of the date of this press release and, unless required by applicable law, Lite Access undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Lite Access Technologies Inc.: Carlo Shimoon, CEO, Phone: 1-604-247-4704, Unit 5 - 20678 Duncan Way, Langley, BC V3A 7A3, www.liteaccess.com; For investor relations please contact: Rob Gamley, Phone: 1-604-689-7422, Email: firstname.lastname@example.org, Contact Financial Corp., 810 ? 609 Granville St., Vancouver, BC V7Y 1G5
LONDON, March 23, 2018 /PRNewswire/ --
Fineqia International Inc., (the "Company" or "Fineqia") (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) is delighted to announce that The Field offering, available on the platform of its U.K. subsidiary Fineqia Ltd, has been fully subscribed.
The Field, an action-drama and independent picture set on the streets of New Delhi, India, previously raised approximately US$2.3 million and connected with the Fineqia platform to help raise the remaining funds to help take the movie to completion.
With the offering now fully subscribed, The Field - starring Canadian Hollywood Actor Brendan Fraser and Indian film stars Prem Chopra and Ronit Roy - is able to finish production and is set for release later this year.
"We are absolutely thrilled with the news and the outpouring of support we have received for The Field," said The Field's Director, Rohit Batra. "Through Fineqia, we have been able to successfully raise the funds we need to showcase The Field to a global audience - we couldn't be more excited."
"We couldn't be happier for Rohit and The Field to achieve their goal with us" said Fineqia CEO and Founder, Bundeep Singh Rangar. "Fineqia will continue to put out carefully chosen, high-quality deals to engage our investors and promote financial democratisation."
The minimum amount to be raised on the Fineqia platform was US$100,000 for 40% of 1 unit of equity in The Field LLC, a California limited company. This amount has now been met to complete the full US$100,000 for which Fineqia Ltd received a placement fee.
Eligible investors can find further information about The Field and Fineqia at http://www.fineqia.com.
About Fineqia Limited
Fineqia provides a platform and associated services to support security issuances and manage administration of equity and debt securities. It acts as a broker bringing an issuing company's securities to market, distributing and marketing them as well as transparently highlighting the risks and objectively outlining opportunities involved. It recently announced the incorporation of blockchain technologies to achieve these objectives. For more information visit http://www.fineqia.com.
Residents of Canadian jurisdictions are not able to subscribe for equity or debt securities on the Fineqia platform unless and until Fineqia has become registered in the Canadian jurisdiction as a dealer under applicable securities laws. Investors resident in other jurisdictions outside of the European Union may also be restricted from participating in offerings on the Fineqia platform. We will allow for participation of investors resident outside of the European Union when Fineqia has received the requisite regulatory approvals.
Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Fineqia Ltd is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Fineqia Ltd once you are registered as sufficiently sophisticated. This page is communicated by Fineqia Ltd and has been approved as a financial promotion by Kession Capital Ltd. Fineqia Ltd, is an appointed representative of Kession Capital Ltd who are authorised and regulated by the Financial Conduct Authority. Investment are not offers of guaranteed returns and investments can only be made by members via Fineqia Ltd on the basis of information provided in the pitches by the companies concerned. Fineqia Ltd takes no responsibility for this information or for any recommendations or opinions made by the companies. Your capital is at risk.
Some statements in this release may contain forward-looking information (as defined under applicable Canadian securities laws) ("forward-looking statements"). All statements, other than of historical fact, that address activities, events or developments that Fineqia (the "Company") believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement except to the extent required by applicable securities laws.
Fineqia Limited (FRN: 757772) is an appointed representative of Kession Capital Limited (FRN: 582160), which is authorised and regulated by the Financial Conduct Authority in the UK.
LONDON SW QW, Sweden, March 23, 2018 /PRNewswire/ -- Kindred Group yesterday received a positive ruling in the Belgian Constitutional Court cancelling the imposed VAT on online gambling. Kindred remains committed to a sustainable regulation and sees the ruling as positive for consumer protection.
Kindred Group (previously Unibet Group) has challenged the imposed VAT on online gambling for being unfair, undermining policy objectives and lowering channelisation with lower consumer protection as a result. Yesterday's ruling in the Belgian Constitutional Court cancelling the VAT on online gambling is therefore welcomed by Kindred. The ruling also points out the inherent incompatibility between consumer protection and tax revenue objectives, especially when products (lotteries vs other products) and channels (retail vs online) are treated differently.
For any gambling policy to succeed and with the "better offer one click away", locally regulated online operators must be able to provide services of equivalent value to end consumers as services provided by competitors in the global digital world.
Kindred remains a strong advocate of sustainable regulation based upon a borderless digital market and channelling consumer demand to licensed offerings. We look forward to working with national and international policy makers and regulators to ensure gaming policy is sustainable and fact based.
This information is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation.
For more information:
General Counsel Kindred Group
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HONG KONG, March 23, 2018 /PRNewswire/ -- CITIC Telecom CPC, a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is pleased to announce the appointment of Mr. James Halberstadt as Managing Director, Europe effective 5 March, 2018.
Mr. Stephen Ho, CEO of CITIC Telecom CPC said, "I am delighted to welcome James as the new Managing Director of CITIC Telecom CPC Europe. This leadership role is a significant step toward maintaining the Company's competitiveness. It is important for CITIC Telecom CPC to maintain a strong, energetic and integrated management team in Europe, and I believe that James is well-prepared to build on the current foundation and strengthen our operations overall."
Mr. James Halberstadt has solid experience in the European telecom market and possesses strong commercial acumen and broad technical knowledge. His extensive career as a technology executive includes over 15 years of commercial and marketing experience. An expert in developing and executing strategies for high-growth businesses, as well as the acquisition and management of top tier named customer accounts. His ability to see the big picture, from crucial technical details to macro strategic perspectives, will be invaluable to CITIC Telecom CPC's customers.
Mr. Halberstadt said, "I am very excited at the prospect of leading CITIC Telecom CPC Europe as our Company continues to grow across the European and CIS markets. I look forward to working closely with our European Management Team and my many colleagues in both Europe and Asia Pacific to further expand our business. I am confident our teamwork will help the Company ascend to even higher levels of success."
In addition to extensive technical knowledge, Mr. Halberstadt also possesses various language competencies, including French, German, and Spanish, skills which greatly support him to serve as a versatile leader for CITIC Telecom CPC Europe.
CITIC Telecom CPC also announced the completion of name changes for 13 business entities that were acquired with Linx Telecommunications B.V. Added Mr. Ho: "With James on board, and the name change completion for various business entities across our European and CIS markets, including locations within the 'One Belt One Road framework,' we are in an excellent position to move forward on our vision of 'Connecting the World to Digital Silk Road'."
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Micty Wong (HQ)
Rowena Leung (Asia)
Kristin Westdijk (Europe)