LONDON, March 1, 2018 /PRNewswire/ --
"Under Ten" features millions of new items in hundreds of categories with free shipping
Guilt-free shopping just got a brand-new look. eBay, the marketplace with all of your favorite finds, is introducing Under Ten - a new destination offering the top under £10 items in hundreds of categories with free shipping, no bidding required.
From stylish women's watches for £5.99 to Sony headphones for just £9.99, Under Ten (ebay.co.uk/Under10 ) offers shoppers over 3 million brand new items that won't break the bank all in one shopping destination. Beyond category, shoppers can browse trending items by price - such as "beauty under £5" and "tech under £10" - across men's and women's clothing, fitness, home decor and more.
"Nothing beats the satisfaction of discovering great items at incredible prices and with Under Ten, we have made it easy and fun for shoppers to browse our unbeatable variety and choice of inventory at great value for money," said Murray Lambell, VP of UK Trading at eBay.
Under Ten which also carries an under £5 section, highlights the best of eBay's vibrant inventory:
Visit www.ebay.co.uk/Under10 to discover millions of new items under £10. Follow @eBayUK on social to learn more.
eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity through Connected Commerce. Founded in 1995 in San Jose, Calif., eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2017, eBay enabled $88.4 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.
MyDx Licensee to Uncover The Truth About What You Are And What You're Not Smoking Through A Popularity And Counterfeit Index
SAN DIEGO, March 1, 2018 /PRNewswire/ -- MyDx, Inc. (OTCQB: MYDX), a science and technology company and creator of MyDx® (My Diagnostic), the first multi-use handheld chemical analyzer designed for Cannabis professionals and retail consumers to correlate the chemical profile of cannabis with how it makes them feel and which ailments it alleviates, sheds light on what cannabis consumers are actually buying at dispensaries across the nation and has licensed its database to a licensing partner that intends to create the industry's first Counterfeit and Popularity Indices.
Cannabis Counterfeit Index
MyDx entered into an agreement to provide a licensor with access to its dataset in order to come up with a "Counterfeit Index" that determines the likelihood that a strain name doesn't tie to its chemical profile.
The counterfeit index will identify and rank the strain names that have the greatest deviation in chemical profile which is often the result of intentionally mislabeling strains with names that gain extreme popularity in order to yield a greater price per gram.
"Chemical formulas can be complicated and a bit overwhelming, especially for consumers new to cannabis, so our licensee intends to give a 'BUYER BEWARE' warning on various product names, which will be issued in a number of ways, including website widgets and product labelling that can be used by companies such as Leafly," said Daniel Yazbeck, Chairman and CEO of MyDx.
The goal of the index is two-fold:
As of January 1, 2018, since recreational marijuana became legal in California, all cannabis products sold legally are required to be tested and the chemical profile displayed on the packaging. The important thing to note is that everyone is different and how one person reacts to consuming a cannabis product is different to how someone else's body may react. This is the reason why it is important for everyone to track and determine what is the best combination of cannabinoids and terpenes that works for their biology and desired effect. This was the premise behind the CannaDx analyzer and App which can be downloaded for free.
Cannabis Popularity Index
The same licensor is also interested in providing consumers with a popularity index associated with a chemical profile, rather than the name. As many are aware, BLUE DREAM is one of the most recognizable and popular strains out in the market; however, since MyDx determined that BLUE DREAMS differ dramatically in chemical profile, sample to sample, plans are in place to show which chemical profiles people enjoy/use the most to solve certain ailments/create certain feelings.
"Right now, we are learning which chemical profiles are being used to achieve certain results, and our objective is use that data to inform users that a certain profile is being reported by the crowd for headache relief, for example," said Yazbeck.
The primary goal of this index is to identify which chemical profiles are best for certain ailments and/or feelings. This, in turn, will help consumers more quickly identify profiles and will help brands better market their products.
Currently, these are the top ten most popular strains tested by MyDx Consumers over the last year:
For Blue Dream, the average THC across approximately 100 tested Blue Dreams is 20.7% and the average CBD is 1.5%. The Top reported associated feelings for these strains include happy, relaxed and focused. The top reported ailments include: stress, anxiety, ADD/ADHD and others.
The Biggest Lie in Cannabis: "You know what you're ingesting into your body"
With one of the largest pre-clinical databases in the industry that ties chemical profile to physiological response through crowdsourced data, MyDx insights are uncovering the truth about the cannabis you purchase at your local dispensary ? you're likely buying something entirely different than the strain name on the package.
For example, MyDx data shows that the "Blue Dream" cannabis strains, in general, differ by an average of 64% with respect to chemical profile - sample to sample ? meaning, you're unlikely to get the same product every time. What's even more concerning is that Blue Dream isn't the only recognizable name where discrepancies exist, which demonstrates an industry-wide problem. Gorilla Glue, Green Crack, among others, have variances as high as 83%.
This has significant consequences for both the recreational and medicinal users, as more and more users are seeking more acute uses of marijuana to create certain feelings and/or solve various ailments.
A More Sophisticated User:
"I want to relieve pain or be creative without going to sleep"
Thanks to MyDx's Handheld Device, both recreational and medicinal users are becoming more informed about what they put into their bodies. As a result, users are better equipped to determine what and how much to use to achieve a desired result, which, in turn, has created a whole new subset of recreational and medicinal users.
Since chemical profiles affect people differently and because much of what you buy is unknown, more and more recreational and medicinal consumers are turning to MyDx and its partners to help them solve their ailments and achieve their goals.
"Consumers are using MyDx's proprietary data and tools to discover which chemical profiles, NOT THE NAME, help them best to achieve their needs. People's palates are more nuanced than before as more and more people seek better tailored experiences that they simply can't achieve by relying on at their local budtender," said Daniel Yazbeck. "And it's not just consumers who are a part of this trend. MyDx has licensed its dataset to a company looking to provide the industry's first Counterfeit and Popularity Indices that will eventually go on cannabis product packaging."
To learn more about MyDx, please visit meetmydx.com.
To learn more about the MyDx Data Analytics Division, please visit www.mydxlife.com/dataanalytics/.
About MyDx, Inc.
MyDx, Inc. (OTC:MYDX) is a chemical detection and sensor technology company based in San Diego, California whose mission is to help people Trust & Verify® what they put into their minds and bodies. The Company's first product, MyDx®, also known as "My Diagnostic", is a patented multiuse hand-held chemical analyzer designed to help consumers and professional test for pesticides in food, chemicals in water, toxins in the air, and the safety and potency of cannabis samples, which is the initial focus of the CannaDxTM application. CannaDx users have submitted over 40,000 crowdsourced datapoints revealing the chemical profile of the cannabis they are consuming and how its making them feel, which feeds a data analytics platform, a SaaS business, as well as the biopharmaceutical division of MyDx. The company is committed to addressing areas of critical national need to promote public safety, transparency and regulation in the various markets we serve and hence its more immediate mission is to continue to develop smart devices as part of an ecosystem that crowdsources consumer generated preclinical data to drive innovation in the cannabis industry. For more information, please visit www.mydxlife.com.
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These forward-looking statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, our ability to complete our product testing and launch our product commercially, the acceptance of our product in the marketplace, the uncertainty of the laws and regulations relating to cannabis, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed from time to time in our reports filed with the Securities and Exchange Commission, available at http://ir.cdxlife.com/all-sec-filings or www.sec.gov.
MyDx Shareholder Communications
800.814.4550 ext. 4
HAVANT, England, March 1, 2018 /PRNewswire/ -- BAE Systems awarded Lockheed Martin (NYSE: LMT) a contract to equip the Royal Navy's new Type 26 Global Combat Ship with the MK 41 Vertical Launching System (VLS).
The MK 41 VLS is the only system capable of launching anti-air, anti-submarine, surface-to-surface and strike-length missiles. Once integrated with the Type 26, the MK 41 VLS will offer the Royal Navy unparalleled flexibility and capability.
There have been more than 3,850 successful firings worldwide. MK41 VLS has been successfully integrated and is in service with the U.S. and 12 allied navies on nearly 200 ships representing 20 ship classes.
"Lockheed Martin has a long and successful partnership with the Royal Navy, and we look forward to working with BAE Systems to integrate the MK 41 VLS with the Type 26," said Paul Livingston, Group Managing Director of Lockheed Martin UK Rotary and Mission Systems. "The MK 41 VLS will provide the Royal Navy's Type 26 Global Combat Ships with a proven and cost-effective vertical launching solution."
Each Type 26 will be equipped with three 8-cell MK 41 VLS modules. BAE Systems' initial order includes nine MK 41 VLS modules, enough for the first three ships of the class.
"The signature of this contract is another important milestone in the ongoing delivery of the UK's Type 26 program," said Mike Holstead, head of the Type 26 program at Defence Equipment and Support, the Ministry of Defence's procurement organization. "The vertical launch system will be a key part of the capability of the new frigate fleet, and an essential tool for Royal Navy in operations to defend the UK and her interests."
"As momentum builds and GLASGOW, the first of three contracted next generation City Class Type 26 Global Combat Ships, takes shape at our facilities in Glasgow, we are delighted to place this contract with Lockheed Martin," said Nadia Savage, director of the Type 26 program at BAE Systems. "The Vertical Launching System contributes to our overall combat management system and will further enhance platform flexibility and capability, which are core to the design of the Type 26."
The Type 26 Global Combat Ship will be a world-class anti-submarine warfare ship and will replace the Royal Navy's variant Type 23 frigates. Globally deployable, it will be capable of undertaking a wide range of roles from high intensity warfare to humanitarian assistance, either operating independently or as part of a task group. The first Type 26 is due to enter service with the Royal Navy in the mid-2020s.
For additional information on MK 41 VLS, visit our website: www.lockheedmartin.com/vls
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
TORONTO, March 1, 2018 /PRNewswire/ --
Peat Resources Limited (the "Company") (TSXV: PET) (OTC-PINK: PEATF) is pleased to announce that it has engaged Better Chain S.L. ("BetterChain") in the launch of the Company's project to provide a blockchain-based platform to demonstrate compliance of cobalt and other minerals (the "Cobalt Blockchain Project") with international standards on responsible procurement.
"Manufacturers and end-users are increasingly demanding more transparency on the origin of minerals to ensure compliance with international standards and that all materials procured are conflict- and child-labour-free," said Lance Hooper, President and Chief Operating Officer of the Company. "To help meet these demands we are pleased to welcome Benjamin and his team to the Cobalt Blockchain Project. Their wealth of experience will add immense value to our efforts in developing an integrated platform for mineral supply chains with an immediate focus on unlocking the potential of ethically-sourced cobalt from the DRC."
BetterChain is a Spanish company headquartered in Barcelona. Its principals are experts in the design of innovative solutions to encourage responsible procurement practices, with unique experience in conflict-free assurance for tin, tantalum, tungsten and gold supply chains. They maintain a strong local network in the Democratic Republic of the Congo (DRC) and among other mineral supply chain stakeholders.
BetterChain will support the Company in establishing an integrated due diligence program for the cobalt supply chain, from the mining assets being developed by the Company all the way to cobalt end-users. BetterChain founder Benjamin Clair and director Hélène Helbig de Balzac, as well as the rest of the BetterChain team assigned to the Company's Cobalt Blockchain Project, will be working alongside Dr. Samuel Peralta, technology advisor to and a Director of the Company.
"We are excited to be working on the Cobalt Blockchain Project," said Benjamin Clair, Managing Director of BetterChain. "This is a remarkable opportunity to promote local due diligence efforts and provide further assurance to end-users. This project can serve as a blueprint for end-to-end supply chain reporting for all minerals."
The initial phase of the Cobalt Blockchain Project includes the identification of local (upstream) data requirements to not only demonstrate compliance with international standards for responsible procurement of minerals but also generate value for international (downstream) supply chain participants and investors, in order to facilitate financial engagement at the mine level. The Company is in active discussions with participants at all levels in the cobalt supply chain to form a broad-based coalition to help define these requirements.
Upstream due diligence information and certification will be made available on a blockchain-based platform for permissioned access by subsequent supply chain participants. This will improve transparency and demonstrate to international stakeholders that the Company's metals are sourced and traded in accordance with recommendations from the Organisation for Economic Co-operation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas-the reference framework endorsed by regulators and industry groups.
The platform is initially being planned around Ethereum, an established blockchain, but with flexibility to migrate to other frameworks such as Stellar or EOS to account for the rapidly-evolving technological landscape, and maximize scalability potential. Between mine and export, a range of tools are being considered to report on the chain of custody, including digitization of mineral certification tags via Near Field Communication ("NFC"), Quick Response ("QR") code, or Radio Frequency Identification ("RFID"), if necessary in conjunction with other blockchain protocols that integrate such input. The final design of local data collection and reporting solutions will integrate feedback from all key stakeholders.
Annual General Meeting
In line with this project, the Company is seeking a shareholder resolution at its annual and special meeting on March 13, 2018, as detailed in its recent Information Circular available on SEDAR, to approve the name change of the Company to "Cobalt Blockchain Inc." or such other name as the board of directors of the Company may determine and that is acceptable to the TSX Venture Exchange and applicable regulatory authorities.
Attendance at PDAC 2018
Peat Resources Limited will be attending the Prospectors & Developers Association of Canada 2018 International Convention at the Metro Convention Centre in Toronto, Canada. Members of the Board and Management team will be available to discuss the Cobalt Blockchain project from Sunday, March 4th to Wednesday, March 7th. Please contact Lance Hooper (email@example.com) to arrange a meeting with the company.
About Peat Resources Limited
Peat Resources Limited is a Canadian resource company expanding its exploration and development business to include interests in cobalt and other mineral assets, with existing licenses for conflict-free mineral and metals provisioning in the DRC, and exploring distributed ledger technology-based certification to ensure a socially-responsible cobalt supply chain with the Cobalt Blockchain project. Senior management have over twelve years of experience working in the DRC and have a proven international track record in exploration success and the trading of certified conflict-free minerals.
About Better Chain S.L.
Better Chain S.L. aims to secure sustainable funding channels for upstream mineral supply chain due diligence, in a context where costs associated with responsible procurement expectations are fundamentally passed through to mining companies and communities. The BetterChain framework is designed for mineral / metal end-users to incentivize transparent provision of local information that is relevant to their own compliance and communication activities.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. There are certain factors that could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review registered filings at http://www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
SAN ANTONIO, March 1, 2018 /PRNewswire/ -- Alternate Health Corp ("Alternate Health" or the "Company") (CSE:AHG) (OTCQB:AHGIF), an international corporation that provides software solutions for the medical cannabis industry, today announced that the Company has entered into a software-as-a-service agreement with MedMen, one of the largest cannabis companies in the U.S., to provide e-commerce and digital payment services. Alternate Health's StatePass system will begin beta testing with MedMen in their New York dispensaries.
"We are very pleased to be working with MedMen as Alternate Health expands into another key state in the U.S. market," said Dr. Michael Murphy, Chairman and CEO of Alternate Health. "The implementation of CanaPass in Canada as well as beta testing in Florida have seen overwhelmingly positive response from our customers and we look forward to serving the medical cannabis community in New York with our state-of-the-art system."
The StatePass system is a cloud-based software platform that manages the end-to-end transactions involved in providing safe access to medical cannabis to eligible patients. The database is accessible by the patient, certified doctors and licensed dispensaries, linked through a seamless interface, and is used to monitor the individual patient and provide enhanced treatment recommendations, with a focus on improving patient outcomes.
"Alternate Health's agreement with MedMen is perfectly aligned with our goal of bringing best-in-class software solutions to the medical cannabis market," said Jay Briggs, Vice President of Operations of Alternate Health. "This is an exciting opportunity to work side-by-side with another leading company in the cannabis industry and open up new revenue streams in New York's tremendously promising market."
MedMen is headquartered in Culver City, California and operates dispensaries and production facilities in three states, including their soon to open flagship location on Fifth Avenue in Manhattan, NY. MedMen has been recognized as a leader in the cannabis industry and recently announced their intention to go public, with a listing on the Canadian Securities Exchange planned for the second quarter of 2018.
StatePass is the U.S. equivalent of Alternate Health's cornerstone CanaPass Cannabis Compliance technology. Alternate Health's CanaPass system is currently live nationwide in Canada through a partnership with National Access Cannabis ('NAC'), Canada's largest chain of medical cannabis clinics. Listed on the TSX Venture Exchange, NAC is currently expanding into recreational markets. CanaPass will launch its recreational adaptation in all future NAC recreational locations. Alternate Health's agreement with MedMen to use StatePass is based on a fee calculated as a percent of total transactions made in the system and has been established for an initial period of 6 months with an automatic renewal period of 1 year unless either party opts to terminate.
About Alternate Health Corp.
Alternate Health Corp. (CSE: AHG, OTCQB: AHGIF) Alternate Health has established multiple arms-length operations within the medical cannabis industry, each of which drives consumers, data and strategic opportunities to the company's other verticals. This sophisticated cross-integration of the company's enterprises has positioned Alternate Health as one of the only cannabis companies that delivers consistent revenue and intellectual property without growing, manufacturing or distributing the cannabis plant. Through its software solutions, data analytics, and patented delivery systems, Alternate Health's goal is to be the global authority on scientific and clinical support for cannabis in regulated markets. Alternate Health is well positioned to reinvest internal operating cash flow in its platform over the long term, creating an attractive investment profile for its shareholders.
Alternate Health resides in the cannabis sector along with companies like GW Pharmaceuticals, AXIM Biotechnologies Inc., Canopy Growth Corporation, and Aphria Inc. Alternate Health is differentiated from other cannabis companies by its focus on ancillary services for patients, healthcare professionals and regulatory providers rather than selling a commodity. For more information about Alternate Health Corp., visit www.alternatehealth.ca.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations, business prospects and financing plans, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward looking statements.
Investor Relations Contact: Nancy Goertzen, CPIR, 1.604.512.7122, firstname.lastname@example.org
VANCOUVER, British Columbia, March 1, 2018 /PRNewswire/ --
GoverMedia Plus Canada Corp. (CSE: MPLS) ("GoverMedia" or the "Company") is pleased to announce that, on February 28, 2018, it successfully completed its initial public offering (the "IPO") of 3,546,700 common shares (the "Shares") at a price of $0.50 per Share for total gross proceeds of $1,773,350 (the "Proceeds").
Pursuant to the agency agreement dated January 3, 2018, Mackie Research Capital Corporation acted as agent (the "Agent") for the IPO. GoverMedia paid to the Agent an aggregate cash commission equal $131,868. In addition, GoverMedia granted the Agent and its sub-agents non-transferable warrants entitling the Agent and its sub-agents to purchase a total of 263,736 Shares at a price of $0.50 per Share until February 28, 2020. In connection with closing of the IPO, the Agent also received a corporate finance fee, which consisted of cash and 64,955 warrants exercisable at $0.50 per share until January 8, 2020.
The closing of the IPO followed the successful completion of a $1,000,000 capital raise pursuant to the exchange of sub receipts that occurred in connection with the filing of the final prospectus on January 8, 2018 (the "Sub-receipt Closing"). The Sub-Receipt Closing resulting in the issuance of 2,000,000 common shares at a deemed price of $0.50 per share to holders of subscription receipts upon the issuance of the receipt for the final prospectus by the British Columbia Securities Commission. The Company paid $40,000 in cash and issued 35,045 warrants to certain finders upon closing (the "Finder's Warrants"). Each Finder's Warrant is exercisable for one common share at $0.50 per share until January 8, 2020.
GoverMedia's common shares were listed on the Canadian Securities Exchange ("CSE") effective February 28, 2018 and halted pending completion of the IPO. GoverMedia anticipates that its common shares will resume trading on the CSE on March 1, 2018 under the symbol "MPLS". Listing and disclosure documents are available at http://www.thecse.com.
Roland J. Bopp, CEO of GoverMedia Plus Canada Corp. commented, "The Company is pleased to be listed on the Canadian Securities Exchange; an exchange that embraces innovation and technology. The IPO process and resulting listing have provided access to the capital markets that will enable the Company to successfully roll out its internet platform."
GoverMedia also announces the appointment of Mr. Arvin Ramos as Chief Financial Officer of the Company. Mr. Ramos brings extensive public company experience to GoverMedia. In connection with the appointment of Mr. Ramos and as disclosed in the prospectus, the Company has issued 225,000 options to directors and officers of the Company with an exercise price of $0.50 and which expire on February 28, 2023.
In addition, Mr. Aleksander Pushilin announces that he holds an aggregate of 13,750,000 common shares (the "Securities"), representing approximately 31.8% of the issued and outstanding common shares of GoverMedia on an undiluted basis. The Securities were purchased by Mr. Pushilin prior to the IPO and he holds no other convertible securities.
The Securities held by Mr. Pushilin are subject to an Escrow Agreement in accordance with National Policy 46-201 - Escrow for Initial Public Offerings. Upon release of the Securities from escrow pursuant to the terms of the Escrow Agreement, Mr. Pushilin may dispose of the Securities in accordance with applicable securities laws. Mr. Pushilin may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments of GoverMedia in the open market or otherwise, and reserve the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of GoverMedia and other relevant factors, including compliance with applicable securities laws.
A copy of the early warning report to be filed by Mr. Pushilin will be available on SEDAR under GoverMedia's profile. This news release is issued under the early warning provisions of the Canadian securities legislation.
This press release is not an offer of securities of the Company for sale in the United States. The Common Shares of the Company may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act"), or an exemption from such registration. The Common Shares have not been and will not be publicly offered in the United States. The Common Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws.
About GoverMedia Plus Canada Corp.
GoverMedia Plus Canada Corp. is a Canadian holding company with a fully owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all-inclusive online services such as, e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform and crowdfunding services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account. The Company's management and advisors have extensive expertise in the Telecommunications, High-Technology, Corporate Development and Finance fields. http://www.gm.plus and http://www.govermedia.plus.
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of GoverMedia. The words "will", "may", "anticipate", "intend", "plan" and similar words and expressions are used to identify forward-looking information. These statements include that the Company will resume trading on the CSE. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of GoverMedia's management as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, GoverMedia's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of GoverMedia. GoverMedia disclaims any obligation to update information contained in any forward-looking statement unless required by applicable securities laws.
LINKÖPING, Sweden, March 1, 2018 /PRNewswire/ --The international medical imaging IT and cybersecurity company Sectra(STO: SECT B) will publish its nine-month report for the period May 2017 to January 2018 on March 12, 2018. Sectra invites analysts, investors, and the media to attend a teleconference in conjunction with the publication of the report.
Torbjörn Kronander, President and CEO of Sectra, and Mats Franzén, CFO of Sectra, will present the interim report and answer any questions.
Publication of interim report: 8:00 a.m. March 12, 2018
Presentation/teleconference: 10:00 a.m. March 12, 2018
To participate, call one of the following numbers five to ten minutes before the conference begins:
The presentation will be held in English and can also be followed online at www.sectra.se/irwebcast. A recorded version will be available via this link after the conference.
Approximately 15 minutes before the start, a presentation (PDF document) will be available for download at www.sectra.se/irwebcast.
Sectra's financial calendar
Further information about Sectra's financial events and interim reports: http://www.sectra.com/investor/calendar/
Subscribe for information
To subscribe to financial reports, invitations, and information from Sectra via email, please fill in your contact information at www.sectra.com/subscribe.
For further information, please contact:
Chief Investor Relations Officer Sectra AB
Press photos: http://flickr.com/photos/sectramedicalsystems
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Mike George to be appointed President and CEO, Greg Maffei to be appointed Chairman
WEST CHESTER, Pennsylvania, March 1, 2018 /PRNewswire/ -- Liberty Interactive Corporation ("Liberty Interactive") today announced that it will rename itself "Qurate Retail Group." Liberty Interactive will begin using this new name once the company completes the split-off of GCI Liberty following the previously announced acquisition of GCI Liberty, Inc. (formerly General Communication, Inc., "GCI Liberty") (Nasdaq: GNCMA), and will formally effect this name change at a later date.
The company also announced that Mike George, currently CEO of QVC, Inc., will become President and CEO of Qurate Retail Group. Greg Maffei, who currently holds that position, will become Chairman.
Qurate Retail Group will comprise eight leading retail brands -- QVC, HSN, zulily, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements -- all dedicated to providing a 'third way to shop,' beyond transactional ecommerce or traditional brick-and-mortar stores. Globally, Qurate Retail Group will be #1 in video commerce, reaching approximately 370 million homes worldwide via 16 television networks and multiple ecommerce sites, social pages, mobile apps, print catalogs, and in-store destinations, and will be #3 in ecommerce in North America and #3 in mobile commerce in the US(1).
"Qurate Retail Group will be a new venture in more ways than just a change of name," said Greg Maffei. "We will be a select group of like-minded businesses that provide customers with curated collections of unique products, made personal and relevant by the power of storytelling, combining the best of retail, media and social."
As part of this rebrand, Qurate Retail Group will launch a new logo.
"Our new logo and name reflect our unmatched expertise in curation, which goes far beyond product," said Mike George. "We will be the unrivaled leaders in curating experiences, conversations, and communities for millions of highly discerning shoppers -- bringing joy, inspiration and humanity to shopping. In addition, we will curate large audiences, across multiple platforms, for our thousands of brand vendors. These strengths, which are all thanks to our team members, set Qurate Retail Group apart from other retailers."
The rebrand will be the culmination of a multi-year evolution for QVC Group. Each of the eight businesses of Qurate Retail Group will maintain its distinct consumer brand, logo and shopping experience in the new organization. HSN was the original TV shopping channel, followed by QVC. The two brands defined live video commerce, while each leveraged its video expertise to expand into ecommerce, mobile commerce and social commerce. Meanwhile, zulily launched and grew its unique, highly personalized ecommerce platform, and the Cornerstone Brands introduced and expanded their interactive lifestyle brands. In October 2015, Liberty Interactive acquired zulily, and in December 2017, Liberty Interactive acquired full ownership of HSN, Inc., which included the Cornerstone Brands.
As Qurate Retail Group, the combined organization will serve 23 million customers worldwide and will have 27,000 team members in the US, the UK, Germany, Japan, Italy, France, Poland and China. In 2017, Qurate Retail Group generated pro-forma revenue of $14 billion.
"We are creating a unique organization, with the scale to drive extraordinary innovation in the retail space," George said. "With our highly innovative teams working together across brands, we will be able to offer an expanding array of engaging, content-rich shopping experiences, featuring world-class and entrepreneurial brands, supported with outstanding customer service."
To accelerate innovation, Qurate Retail Group includes a New Ventures team, focused on developing inventive retail concepts and looking beyond the organization's current business for additional growth opportunities. This team is led by Darrell Cavens, the co-founder of zulily.
Qurate Retail Group will trade under new tickers (NASDAQ: QRTEA, QRTEB) and will include the businesses and assets currently attributed to QVC Group tracking stock (NASDAQ: QVCA, QVCB), including QVC, Inc., HSN, Inc. (which includes Cornerstone Brands), and zulily, LLC, which are currently wholly owned subsidiaries of Liberty Interactive, and several smaller investments.
Please visit the new Qurate Retail Group website, which features videos, facts, aggregated news stories and additional information. Follow us on Facebook, Twitter and Instagram @QurateRetailGrp.
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the rebranding and corporate name change of Liberty Interactive, including timing, related benefits and changes to trading symbols, the completion of the proposed transactions between Liberty Interactive and GCI Liberty and changes to Liberty Interactive's management and board of directors. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, the satisfaction of conditions to the proposed transactions and general market conditions. These forward-looking statements speak only as of the date of this press release, and QVC expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in QVC's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Interactive and QVC, including their most recent Forms 10-K and 10-Q, for additional information about Liberty Interactive and QVC and about the risks and uncertainties related to Liberty Interactive's and QVC's respective businesses which may affect the statements made in this press release.
About the QVC Group
The QVC Group offers the most engaging shopping experiences, combining the best of retail, media and social. The QVC Group consists of eight leading retail brands: QVC, HSN, zulily, Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements. The QVC Group features curated collections of world-class and entrepreneurial products, presented in engaging, innovative ways, with outstanding customer service. In addition to being the world leader in video commerce, the QVC Group is #3 in ecommerce in North America and #3 in mobile commerce in the U.S. (according to Internet Retailer). The QVC Group reaches approximately 370 million homes worldwide through 16 television networks (including a joint venture in China) and multiple ecommerce sites, social pages, mobile apps, print catalogs and in-store destinations -- aggregating large audiences of enthusiastic shoppers. The QVC Group delivers increasingly personalized content to customers through data analytics and machine learning. The brands of the QVC Group build strong personal connections and long-term relationships with customers, achieving outstanding levels of customer loyalty and retention. Headquartered in West Chester, Pa., the QVC Group has 27,000 team members in the US, the UK, Germany, Japan, Italy, France, Poland and China. Visit the QVC Group webpage to learn more.
The QVC Group is comprised of QVC, Inc., HSN, Inc. (which includes Cornerstone Brands), and zulily, LLC, which are wholly owned subsidiaries of Liberty Interactive Corporation, attributed to the QVC Group tracking stock (NASDAQ: QVCA, QVCB). QVC, Q, and the Q Ribbon Logo are registered service marks of ER Marks, Inc. For more information on Liberty Interactive Corporation, visit www.libertyinteractive.com.
All data as of FY 2017. (1) Among multi-category retailers (Source: Internet Retailer).
MOSCOW, March 1, 2018 /PRNewswire/ --
Mail.Ru Group Limited (MAIL.IL, hereinafter referred to as "the Company" or "the Group"), one of the largest Internet companies in the Russian-speaking Internet market, today releases audited IFRS results and segment financial information for the year ended 31 December 2017.
Three months ended 31 December 2017
Twelve months ended 31 December 2017
???Net cash position as of 31 December 2017 was RUR 15,371 million.
Key Recent Developments
Operational and product updates
Commenting on the results of the Company, Dmitry Grishin, Chairman of the Board, and Boris Dobrodeev, CEO (Russia) of Mail.Ru Group, said:
"We are pleased to report our results for the fourth quarter and the full year 2017. In Q4 we have continued to see strong growth in all areas and revenues, including all acquisitions on a pro forma basis, grew 32.6% Y-o-Y to RUR 17,564m. As we have stated previously, 2017 was a year of sizeable investment for us as we put significant resources behind a number of our new projects, especially our O2O initiatives. In 2017, these new projects did not contribute to EBITDA. Headline Q4 EBITDA therefore grew 29.7% Y-o-Y to RUR 6,445m. For the FY 2017, revenues have grown on a pro-forma basis 34.4% Y-o-Y to RUR 57,469m and EBITDA 14.7% Y-o-Y to RUR 20,551m.
Excluding the RUR 768m one-off non-cash tax charge in Q4 2016, to allow like-for-like comparison, EBITDA grew 12.3% and 10.0% Y-o-Y in Q4 and FY 2017 respectively.
Advertising revenue growth remained strong in Q4, with all the major trends we have seen over the last 2 years continuing, driven by growing user engagement, improved advertising technologies and sales execution. We continued to invest in our new businesses and allocate part of our inventory to promote these new products, which obviously had a limiting effect on inventory available for sale. Even taking this into account, our advertising revenue continued to grow ahead of the market. Advertising revenues in Q4 grew 29.4% Y-o-Y to RUR 7,679m and in FY 2017 grew 28.9% to RUR 23,766m.
As in previous periods, the fastest growing advertising revenues remained promo posts across the social networks. Our native in-feed video formats are getting increasingly adopted by both reach and performance oriented advertisers. In terms of overall customer budgets we continue to see advertising budgets shift to online from all other mediums and in online towards mobile and social networks in particular. Traditional offline brands are allocating growing parts of their media spend to mobile, especially to social. This trend accelerated in 2017 and we expect it to continue in 2018.
Mobile continues to be a key focus and the share of mobile advertising revenues inside the social networks rose from around one third in 2016 to a half in 2017. In 2017 we focused on the advertising product and technologies that drive efficiency, transparency and create value for our partners by improving ROI. We will continue these efforts in 2018.
As in 2017 the focus in 2018 will remain on mobile advertising. As previously commented we expect the ad load and pricing to continue to grow. We continue to see significant further opportunities for VK with both engagement and the improvement of the platform. We will also focus on the business eco-system and continue to develop features helping businesses and users to communicate and transact on the platform. There are already hundreds of thousands business groups on VK representing various large and small companies and private entrepreneurs, our goal is to help them grow their business while providing useful tools for our users.
We continue to promote our video platforms that now have over 1.1bn average daily views in total, and we are actively developing new formats such as live streaming where VK and OK have the leading live video platforms, VK Live and OK Live respectively, on the Russian market. We started to experiment with own content, bringing together major content producers, new media content creators, bloggers and brands. OK LIVE weekly talk show now has an audience of around 2m per episode on average. In Q4 VK streamed the world's only 24/7 live digital AI reality show which drew over 219 million views from 33 million users in total. VK has also developed and streamed its own music award that was made in mobile screencast format and accumulated more than 16m views.
In Q4 2017 on a pro forma basis our MMO games revenue grew 34.6% Y-o-Y to RUR 5,196m and for the full year grew 53.0% to RUR 17,422m. International revenues also continued to grow and in Q4 accounted for 55% of total MMO revenues. As was the case in the rest of the year, Q4 growth was driven by a broad base with ongoing success in both established and recently released titles. Warface and War Robots continue to perform well and are our two largest games. HAWK continued the good performance from Q3. Additionally the release of Hustle Castle has been well received and we have a full pipeline for 2018 on PC, mobile and console. Despite a high base effect and the VAT effect no longer applying to games we would expect that FY 2018 MMO games revenues will continue to show good performance with growth expected to be broadly in line with overall group revenue growth rates.
In Q4 2017 IVAS revenues grew 24.1% Y-o-Y and for the FY 2017 grew 17.6%. While the transition to mobile IVAS remains challenging, the new cross-platform IVAS initiatives specifically the subscription service and the VIP services on OK have made some progress. We will be further exploring new mobile products during 2018, including newly launched mobile-first IVAS products, such as music subscriptions and live-stream donations. For FY 2018 IVAS revenues are expected to be broadly flat Y-o-Y, as such IVAS revenues will continue to decline as a percentage of total revenues. Given the product release timings in 2018 we would also expect that IVAS revenues will be somewhat more H2 weighted than in previous years.
During Q4 Delivery Club continued to show very strong growth in all operating metrics. As expected, the ZakaZaka integration is now completed. In Q4 2017 the average monthly orders for the combined Delivery Club business grew 65% Y-o-Y on a pro-forma basis to 862,000 orders, and the number of restaurants reached 7,000. In December order numbers were around 1m. We continue to make a number of improvements to the product to make it both easier for the user to order, and easier for the restaurants to manage and process orders.. Based on the current trend lines we anticipate that Delivery Club FY 2018 revenues will continue to experience very strong growth. While we continue to invest in Delivery Club, we believe that we are past the peak investment phase and during Q4 we continued the process of marketing channel optimization. As previously stated, we continue to expect that Delivery Club will move into profitability during 2018.
Since its launch, just over 2 years ago, our location-based marketplace Youla has seen consistent and strong user growth. This has continued in Q4 2017 with a new high of 24m monthly active users and 5m daily active users on all platforms. The app remains consistently in the Top-10 Overall in Russia in the App Store and Google Play combined (according to App Annie). With the integration of Am.ru and the launch of our real estate offering on both desktop and mobile, we continue to expand the reach of Youla. As we said previously we considered that a user base above 20m would represent a strong base to start monetization. As such, during Q4 we started monetization experiments with promoted listings and then expanded this to advertising and other related payments. In December we announced that Youla had already reached a peak of RUR 2m daily revenue. We are pleased to announce that since then monetization has had further positive dynamics. During 2018 we plan to further increase monetization.
In December we commented on the initial results of our new cross border market place Pandao. Pandao had its full launch at the beginning of November and since then has made very significant progress and in Q4 Pandao had over 500,000 orders. To date we have had over 8.5m downloads and in February had 5.5m monthly active users. With 1.2m orders in January, and a peak daily order number of 370,000 in February we are very pleased with its initial progress. SKUs continue to see strong growth. The launch, and subsequent progress, has exceeded our expectations and we see that there is very strong demand from both suppliers and users. As such we see a very significant opportunity for Pandao and hence have increased, and brought forward, our investments into this area. We will therefore be putting significant resources behind Pandao through 2018 as we materially further expand marketing, content and distribution.
In January 2018 we announced the acquisition of ESforce, one of the largest eSports companies in the world. The strategic fit with both our social networks and our games is very clear. The underlying market continues to see very fast growth and ESforce is well positioned to benefit from this as it has exposure to all of the key verticals. As we said in the statement in January we will look to continue to aggressively expand the business and will look to exploit synergies with the wider network. As such we expect that ESforce 2018 revenues will grow between 80-100% and the losses seen in 2017 will halve with the business moving into profitability at the end of this year. The deal is expected to close in March, and as with previous acquisitions, and in order to give a like-for-like comparison, we will report all ESforce results going forward on a pro-forma basis.
In Q4, the cash generating capacity of our business remained unchanged and cash conversion was as expected. As a result net cash at the end of FY 2017 was RUR 15.4bn.
We are very pleased with the acquisitions we have made over the last 18 months and the progress they have made. All of them fit well with the core strategy and mobile assets of the Group and present significant opportunities for the future. The significant volume growth of the combined Delivery Club and ZakaZaka and its integration with Mail.ru's social properties as well as leveraging the companies gaming distribution in War Robots are good examples of the network effects we continue to look for. With a strong balance sheet and unchanged cash generating capabilities, we will continue to examine further similar-sized acquisition opportunities in the future.
Starting from the beginning of 2018, and along with all other companies using IFRS, we will be applying the new IFRS 15 standard. IFRS 15 introduces a different revenue recognition model that, as applies to the Company, results in a more conservative treatment of certain contracts where third-party agents are involved. In order to allow for like-for-like comparison we have also given FY 2017 results on both the previously used IAS 18 and new IFRS 15 standards. Given the more conservative treatment of IFRS 15 under this standard our FY 2017 revenue would have been RUR 55,768m; FY 2017 EBITDA would have been the same (in the amount of RUR 20,551m). For total clarity, we will be applying IFRS 15 to both the management accounts and the audited IFRS statements going forward, and forward looking guidance will be given on this basis.
2017 was a very strong year for Mail.Ru Group with total revenues growing by more than a third. Advertising revenues continued to benefit from the shifts in ad budgets towards online, and in online budgets towards social networks. The games division executed well, and continues its expansion internationally and across new platforms. Delivery Club continues to show good growth, and Youla initial monetization was ahead of our expectations. Pandao has grown very rapidly from its launch in November and presents us with a significant future opportunity. While IVAS still has challenges with the mobile transition, 2017 saw some stabilization, and we continue to expect IVAS to progressively become a smaller part of revenues. Taking all this into account, we continue to believe we remain well positioned overall.
2018 has started well and based on current visibility, and as previously discussed, using the new more conservative IFRS 15 standard, we are pleased to give initial FY 2018 pro-forma Y-o-Y revenue growth guidance of 23-28% to between RUR 68.6-71.4bn. This does not include any contribution from ESforce given that the transaction has not yet closed. With Youla and Pandao monetisation increasing through the year and the H2 weighting of IVAS we would expect the total revenue growth will also be somewhat more H2 weighted than in previous years.
Inside the core social network business, the underlying margins are expected to be broadly flat in 2018. However, we have been very encouraged by the initial progress of Pandao and as such are materially increasing, and bringing forward, our investment in this business. We are looking to invest at least an additional RUR 3bn in this area in 2018. Taking this investment into account, we expect FY 2018 EBITDA to be between RUR 21 to 22bn."
The management team will host an analyst and investor conference call at 9.00 UK time (12.00 Moscow time), on Thursday 1st March 2018, including a Question and Answer session.
To participate in this conference call, please use the following access details:
Confirmation Code: 6755935 Participant Toll Free Telephone Numbers: From Russia +7 495 213 1767 From the UK +44 (0)330 336 9105 From the US +1 323 794 2551
WASHINGTON, Mar. 1, 2018 /PRNewswire/ -- Dialog Axiata PLC, Sri Lanka's largest telecommunications services provider, and Ericsson (NASDAQ: ERIC) have rolled out the first commercial Massive IoT network supporting both Cat-M1 and NB-IoT technologies in South Asia.
Deployed across Dialog Axiata's Sri Lankan network, the advanced mobile network technology will help accelerate the proliferation of IoT devices. It will further develop the IoT ecosystem in the country by offering the superior coverage, long battery life and cost-effective solutions to enterprises.
Pradeep De Almeida, Group Chief Technology Officer, Dialog Axiata PLC, says: "With this launch, we are seeking to accelerate the adoption of innovative technologies by enterprises and help them create exciting new products and services for consumers. The Cat-M1/NB-IoT network will amplify opportunity for solutions such as Smart Metering for utilities, Smart Parking, Smart Bins, smart environmental sensors for smart cities, logistic solutions as well as other applications in agriculture and farming."
Ericsson delivers Cat-M1 (LTE-M) and NB-IoT support as a software activation to Dialog Axiata's existing LTE Radio Access Network. Ericsson's Massive IoT solutions for Cat-M1 and NB-IoT devices have great advantages including low cost, low power consumption, deep coverage, massive connections, and more secure and reliable transmission.
Vinod Samarawickrama, Country Manager, Sri Lanka & Maldives, says: "A well-developed IoT ecosystem is fast becoming key for operators to enable new services and revenue streams. Our partnership with Dialog Axiata to roll out the first Massive IoT network for both NB-IoT and Cat-M1 in the country, and notably South Asia, contributes towards this fast-developing IoT ecosystem."
NOTES TO EDITORS
For media kits, backgrounders and high-resolution photos, please visit www.ericsson.com/press
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Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
ERICSSON AT MWC
The do zone at Mobile World Congress 2018 is where Ericsson is showcasing the powerful engagement, value and growth that comes with innovation in 5G, IoT and digital operations. With our live technology demonstrations and customer collaborations, we're rolling up our sleeves and digging in. We're showing, not just saying, why emerging technologies are essential to maximize business potential. Join us live and online at www.ericsson.com/mwc
This information was brought to you by Cision http://news.cision.com
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Ericsson and Dialog Axiata partner to roll out the first commercial massive IoT network in Sri Lanka
Massive IoT network in Sri Lanka
Dialog Axiata and Ericsson
WASHINGTON, Mar. 1, 2018 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has been selected by NTT DOCOMO, INC. to automate the deployment of Ericsson's virtual infrastructure manager (VIM) solution, Ericsson Cloud Execution Environment (CEE) based on OpenStack, at commercial sites in Japan. The deployment will rapidly improve installation, sanity testing, and deployment times for Network Functions Virtualization Infrastructure (NFVi).
The Fulfillment-OSS NFVi Provisioning solution will significantly reduce manual CEE deployment time and will enable end-to-end and efficient project implementation across NTT DOCOMO's network function virtualization platform system.
Automation will facilitate shorter time to market, quicker responses to customer needs and much lower cost. Automation will also substantially reduce commercial network deployment risks compared to traditional ways of working.
Chris Houghton, Head of Market Area North East Asia, Ericsson, says: "Cloud automation is rapidly gaining attention among service providers as they address their digital transformation needs. We have worked very closely with NTT DOCOMO in their NFV engagements to date, so we have a great deal of insight and understanding, as well as the technical and innovative leadership to drive their cloud automation provisioning."
The provisioning will be launched in Q3 2018
NOTES TO EDITORS
For media kits, backgrounders and high-resolution photos, please visit www.ericsson.com/press
Subscribe to Ericsson press releases here.
MORE INFORMATION AT:
Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ New York. www.ericsson.com
ERICSSON AT MWC
The do zone at Mobile World Congress 2018 is where Ericsson is showcasing the powerful engagement, value and growth that comes with innovation in 5G, IoT and digital operations. With our live technology demonstrations and customer collaborations, we're rolling up our sleeves and digging in. We're showing, not just saying, why emerging technologies are essential to maximize business potential. Join us live and online at www.ericsson.com/mwc
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Ericsson to automate Cloud Execution Environment (CEE) for NTT DOCOMO
NTT DOCOMO CEE Automation
MAIDENHEAD, England, March 1, 2018 /PRNewswire/ --
Companies can now benefit from engaging with customers in additional languages
SDL (LSE: SDL), a leader in global content creation, translation and delivery, today announced it has extended SDL Translation Management to integrate with Salesforce Commerce Cloud, the fastest path to unified commerce. With Commerce Cloud, brands can provide personalized experiences for shoppers that span web, mobile, social and in-store. Now, as part of the world's #1 CRM platform - Salesforce - brands can deliver completely unified experiences for customers that extend beyond commerce to include marketing, customer service and more, with the option to span across different languages.
SDL Translation Management's integration with Commerce Cloud brings over 25 years of SDL's expertise in assisting customers in streamlining their content supply chain. This integration enables customers to connect to global audiences by providing an easy process to translate commerce content, including products and categories, into their audience's language. Brand owners no longer need to manage a separate system to translate content for their global markets. Within Commerce Cloud, users can manage the whole translation process within the same tool.
Available on the Salesforce Commerce Cloud Marketplace, this integration with Salesforce and SDL Translation Management includes key benefits:
Comments on the News
About Salesforce Commerce Cloud
The Salesforce Commerce Cloud empowers retailers to unify customer experiences across all points of commerce, including web, social, mobile and store. From shopping to fulfillment to customer service, the Commerce Cloud delivers 1-to-1 shopping experiences that consistently delight customers, driving increased engagement, loyalty and conversion. With embedded predictive intelligence and a robust partner ecosystem, the Commerce Cloud helps retailers deliver superior customer experiences for retailers, from planning to launch and beyond.
SDL (LSE: SDL) is the global innovator in language translation technology, services and content management. For over 25 years we've helped companies deliver transformative business results by enabling powerful, nuanced digital experiences with customers around the world. Are you in the know? Find out why 78 out of the top 100 global brands work with us at www.SDL.com and follow us on, LinkedIn, Twitter and Facebook.
Salesforce, Commerce Cloud and others are trademarks of salesforce.com, inc.
- Chinese Smart Retail Giant Posts RMB 4.21 Billion Profit for 2017 -
NANJING, China, March 1, 2018 /PRNewswire/ -- Fortune Global 500 company Suning.com (002024.SZ, formerly known as Suning Commerce) ? China's largest online-to-offline (O2O) smart retailer ? has announced Omni-channel sales of RMB 243.203 billion (approximately $38.433 billion1) in 2017, up nearly 30 per cent year-on-year, and a net profit attributable to equity shareholders of the company was RMB 4.210 billion (approximately $665.297 million), with an increase of 497.66 per cent.
The figures represent the best performance for the Chinese company since embarking on its O2O business model in 2009 and reflect the success of Suning's smart retail strategy, with rapid and continuous growth in its revenue scale and net profit margin both online and offline.
At present, pure-play traditional and e-commerce retailers are facing to a complex of challenges such as the rising cost of online traffic, limited merchandise category and coverage area of physical stores. The industry is building a full-time, multi-scenario and high-efficiency business model to provide such solutions. Suning.com, the retail subsidiary of Suning Holdings Group, who focuses on traffic management, merchandising and affiliate marketing, optimising customer experience and improving Omni-channel operation capabilities, has taken the advantages to meet new opportunities in 2017.
During the reporting period, total online physical trading volume of the company was 126.696 billion yuan (tax included), up 57.37 per cent year-on-year, and the number of monthly active Suning.com APP users increased by 105.73 per cent since the start of the year. In December 2017, the number of orders generated by Suning.com APP reached over 89 per cent of the total online.
As of 31 December 2017, Suning owns a total of 3,867 physical stores comprising a total area of 5.093 million square meters. It is notable that through internet technology application, data-oriented management and strong quality control, the business performance of Suning stores continues to improve. Sales revenue grew 4.17 per cent in the firm's mainland China stores with operating efficiency of Suning direct-sale stores jumping 34.90 per cent.
By the end of 2018, with the strategic partnership with 300 well-known real estate developers domestic and abroad as Wanda, Evergrande and Sunac, Suning plans to add a further 5,000 physical stores to its rapidly expanding portfolio, all being connected to its online presence and covering diversified consumption scenarios including Suning cloud stores, direct-sale stores, fresh food supermarkets and convenience stores, Redbaby (maternal and child supplies stores), Suning Sports and Suning Cinemas. It says 15,000 Internet-connected stores will open within three years then totally 20,000 in operation by 2020.
In addition to the substantial growth of its retail subsidiary, the 'Logistics' and 'Financial Services' businesses of Suning also continued rapid growth. In 2017, Suning Logistics revenue (excluding Tian Tian Express) increased 135.76 per cent. It now has a total area of 686 million square meters of warehousing and related facilities, with 20,871 express outlets. Suning Financial Services (payment business, supply chain finance and etc.) saw the overall size of transactions increase by 129.71 per cent. In 2017 Suning has intended to introduce external strategic investors and partners such as YF Capital and SZVC Capital for related businesses development, demonstrating the independent expansion and funding capability of Suning's logistics and financial services.
1 Calculated at an exchange rate of 6.328 RMB to 1 USD
Founded in 1990, Suning is one of the leading commercial enterprises in China with two public companies in China and Japan respectively. In 2017, Suning Holding ranked second among the top 500 private-owned enterprises in China with annual revenue of 65.7 billion USD (412.95 billion RMB). With the mission of "Leading the Ecosystem across Industries by Creating Elite Quality of Life for All", Suning has strengthened and expanded its core business through eight vertical industries: Suning.com, Logistics, Financial Services, Technology, Real Estate, Media &Entertainment, Sports, and Investment, among which Suning.com was listed on the 2017 list of Fortune Global 500.
For more information see www.suningholdings.com
Decrease in difference between countries with highest and lowest reach hints at aligning levels of shopping adoption in Europe
LONDON, March 1, 2018 /PRNewswire/ -- comScore, Inc. today published its online retail report, using multi-platform panel data from five European countries (France, Germany, Italy, Spain, and the UK), to highlight top line trends impacting the retail space, outlining key differences in consumers' behavioural and consumption patterns.
The 2017 October-December holiday season saw German internet users (89 percent of whom accessed the retail category) spend just below five hours on average on retail sites across all platforms, versus three hours for French users (84 percent accessed retail sites), Italian (78 percent) and Spanish (89 percent) users. In all five EU countries, more than one-third of consumers now access retail sites through both mobile and desktop devices, underlining findings from our 2017 Global Mobile Report, that mobile adoption for retail now almost mirrors desktop.
"Using examples from the EU5 countries, this report provides insights into retail audiences and their cross-device content consumption," said Guido Fambach, senior vice president EMEA at comScore. "It helps media owners, advertisers and their agencies to understand this competitive landscape better, enabling them to leverage how they can best reach consumers." Further insights from the European online retail snapshot:
To download a copy of the Top 10 Online Retail Insights please visit www.comscore.com/Tophttps://www.comscore.com/Insights/Presentations-and-Whitepapers/2018/Top-10-Findings-in-Online-Retail-EU510-Findings-in-Online-Retail
comScore is a leading cross-platform measurement company that measures audiences, brands and consumer behaviour everywhere. comScore completed its merger with Rentrak Corporation in January 2016, to create the new model for a dynamic, cross-platform world. Built on precision and innovation, comScore's data footprint combines proprietary digital, TV and movie intelligence with vast demographic details to quantify consumers' multiscreen behaviour at massive scale. This approach helps media companies monetize their complete audiences and allows marketers to reach these audiences more effectively. With more than 3,200 clients and a global footprint in more than 70 countries, comScore is delivering the future of measurement. Shares of comScore stock are currently traded on the OTC Market (OTC:SCOR). For more information on comScore, please visit comscore.com.
HONG KONG, March 1, 2018 /PRNewswire/ -- Meitu Inc. (Meitu), the acclaimed publisher of the Chinese selfie photo enhancement app BeautyCam, has partnered with luxury fashion brand Dior to roll out a new customized user interface (UI) design, "Miss Dior," for Valentine's Day this year.
To celebrate Valentine's Day and bring forward Meitu's mission of inspiring more people in expressing their beauty, Meitu's BeautyCam incorporates Dior's classical style into the new UI with a pink touch, and changes the selfie button into an icon of Miss Dior perfume bottle.
"The cooperation between BeautyCam and Dior marks a new page for a camera app customizing UI design for brands. The design not only adheres to Dior's unique aesthetics and corresponding marketing materials but meets BeautyCam's users' pursuit of beauty and fashion," said Xinhong Wu, founder and CEO of Meitu. He further said that the opening page and homepage icons also bring exposure. After just two days, the new UI has driven a surge of exposure outreach to nearly 250 million audience members and gained about 2.5 million clicks.
As part of the campaign, BeautyCam also launched a UGC (user-generated content) activity on Chinese social media platform Weibo, where users shared their experiences of giving gifts to their loved ones. "I want to be a better self for my loved ones. I want to do what I love and become a lady with personality and charisma," wrote a user on Weibo. "I could feel the luxury when taking selfies with the app," wrote another user.
For Dior, it was not the brand's first time to partner with BeautyCam. When Dior released its Addict lip gloss products in October 2017, BeautyCam also launched a selfie AR "tattoo kiss" feature in its app, where users could try out different lip colors with the AR filter powered by facial recognition technology.
In addition, Meitu has also worked with other luxury brands including GUCCI, MAC and NARS to provide their users with superior fashion experiences. "BeautyCam encourages female users to pursue beauty with confidence," said Xinhong Wu, founder and CEO of Meitu. "Well-designed commercialization does not harm the user experience; rather, it enriches the experience. We've maintained good relationships with high-end luxury brands to bring users more diverse features," said Wu.
About Meitu (Stock code: 1357.HK)
Established in October 2008, Meitu is a leading mobile Internet company headquartered in China. With the vision of building software and hardware around "beauty", Meitu has developed a rich portfolio of software and smart hardware products such as Meitu, BeautyCam, Meipai (a short-form video community app) and Meitu Smartphones, which have transformed the way people create and share the idea of "beauty." As of June 2017, Meitu has amassed over 1.5 billion unique users worldwide and engaged 481.3 million MAUs. It has successfully established its influence in overseas markets with more than 500 million users abroad, even launching localized apps and building teams overseas in places such as New Delhi, India; Sao Paulo, Brazil; Palo Alto, California; Singapore and Tokyo, Japan. According to App Annie, Meitu has repeatedly ranked as one of the top eight iOS non-game app developers globally together from June 2014 to January 2017.
ASCHHEIM, Germany, March 1, 2018 /PRNewswire/ --
Wirecard, one of the leading specialists for digital financial technology, now supports Mercateo Unite in the digitalization of its payment processes. Mercateo Unite is a vendor-neutral B2B networking platform in Europe, which connects buyers, retailers and manufacturers in order to optimize procurement and sales processes and network with business partners. The B2B network allows corporate customers to structure their time and resource management processes more efficiently as Mercateo Unite connects them directly.
Within the framework of this partnership, Wirecard provides Mercateo Unite with a custom accounts solution and processes all financial transactions on a same-day basis. In this way, Wirecard creates a digital interface so that Mercateo Unite can easily follow the current status of payment flows in real time. Wirecard's customized accounts solution is scalable, so that as many new users as required can be registered to the platform in a single day. Regardless of their degree of digitalization, companies active on unite.eu benefit from simple negotiation and payment processes as they can directly connect with business partners on the platform. This allows them to avoid time-consuming, complex bureaucratic processes and delays.
Dr. Sebastian Wieser, Founder and Member of the Management Board at Mercateo: "Our networking platform Unite digitally maps collaboration in business relations. For this reason, we are delighted about our new collaboration with Wirecard, which will allow our customers to manage their transactions digitally, thereby ensuring efficient purchasing and sales processes."
Christian Reindl, Executive Vice President Sales Consumer Goods at Wirecard: "We are pleased to have Mercateo, another innovative partner, by our side and are delighted to support them with our technical solutions for payment processing in addition to providing our long-standing expertise in digitalizing processes across all sales channels."
Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit http://www.wirecard.com or follow us on Twitter @wirecard.
About Mercateo Unite:
Unite.eu is a European supplier-neutral B2B networking platform from Mercateo. Buyers, retailers, manufacturers and service providers all use this platform for cooperation and digital transactions, regardless of their degree of digitalisation. Manufacturers and retailers have solved the channel conflict seen in multi-layered B2B sales by using new digital cooperation models. In doing so they have been able to meet customer expectations regarding modern shopping processes and services. In addition to the networking platform Unite.eu, which is positioned neutrally between suppliers and buyers in the B2B sector, Mercateo has also operated the largest European B2B marketplace since the year 2000. Mercateo's sales rose in 2017 to EUR 254 million.
TOKYO, March 1, 2018 /PRNewswire/ -- GCL System Integration Technology Co., LTD. (SZ: 002506) ("GCL-SI", or the "Company"), a subsidiary of the world's leading clean energy conglomerate GCL, is premiering its four new, cutting-edge black silicon PERC modules to rave reviews at the 11th international PV Power Generation Expo ("the Expo") in Japan.
Attending the Expo, the largest gathering for the PV industry in Japan, and a home for the latest technologies, materials, manufacturing technologies, and solar cell/modules from across the globe, provides GCL-SI with the ideal platform to showcase its Poly PERC black silicon diamond wire half-cut module, which boasts a lower construction cost, higher energy yield, and assured safety. It is tailor made for the Japanese market and will be rolled out to the global market soon.
Eric Luo, President of GCL-SI, said, "For the Japanese market, GCL-SI will focus on promoting the highly-efficient PERC modules on display and will provide customers with complete solutions. At the same time, the company will work with Japan's EPC partners to launch rooftop photovoltaic solutions and financial services."
GCL-SI industrialized its poly black silicon with the PERC process in the fourth quarter of 2016, achieving a conversion efficiency rate of 20.8%. Based on the clear roadmap of black silicon combined with diamond wire sawing half-cell technology, unit cell efficiency is 20-25W higher than the conventional type but the price remains the same.
To further improve the industry chain and support a differentiated product range, a new energy industry fund of 1.2 billion RMB was set up by GCL-SI with its partners. It is earmarked for cell production expansion, with the output capacity of high-efficiency cells expected to hit 3 GW.
In response to market demand, a new 2GW capacity black silicon project from GCL-Poly Energy Holdings Limited ("GCL-Poly", Hang Seng Composite Index) (stock code: 3800.HK) was launched in November 2017 and quickly reached full manufacturing capacity. In addition, diamond wire sawing technology has been applied to all of GCL's wafer products since the end of 2017. The combination of black silicon, PERC and diamond wire sawing will enable GCL to deliver more products to the market with even higher efficiency.
GCL System Integration Technology Co., Ltd. (SZ: 002506) (GCL-SI), is part of the GOLDEN CONCORD Group (GCL). GCL-SI delivers a one-stop, cutting-edge, integrated energy system and is committed to becoming the world's leading solar energy company.
LiveEngage is now seamlessly integrated with the most-used messenger app in Japan
NEW YORK, March 1, 2018 /PRNewswire/ -- LivePerson, Inc. (Nasdaq: LPSN), a leading provider of cloud mobile and online business messaging solutions, and LINE Corporation (NYSE: LN) (TSE:3938) have announced a new partnership that allows brands to connect conversationally with consumers through the messaging app, one of the most popular in the world. With LiveEngage now seamlessly integrated into LINE, brands that have a LINE Business account have the opportunity to connect with the over 200 million monthly active users.
"With LINE, the most preferred messaging app in Japan, LivePerson will help brands deliver conversational customer experiences on a channel consumers already use on a daily basis. We have already seen great success with Osaka Gas, and believe our partnership with LINE is going to help transform how consumers communicate with brands," says Ran Almog, General Manager at LivePerson in Japan.
"LINE has become a key touch-point for consumer and brand conversations," said Robert LoCascio, founder and CEO of LivePerson. "With consumers constantly on the go and glued to their smartphones and messaging apps, LINE gives brands a great opportunity to reach their customers where they already are."
Through the LiveEngage platform, brands are able to seamlessly engage with consumers through a single platform, with the option to layer on bots and automation. Designed to run multiple bots at scale, LiveEngage allows brands to deploy, manage, and measure bots in one place, alongside human agents, creating effective and efficient conversational customer experiences.
About LINE Corporation
Based in Japan, LINE Corporation (NYSE:LN/TSE:3938) is dedicated to the mission of "Closing the Distance," bringing together information, services and people. The LINE messaging app launched in June 2011 and since then has grown into a diverse, global ecosystem that includes camera apps, AI technology, and more.
LivePerson makes life easier by transforming how people communicate with brands. LiveEngage, the Company's enterprise-class platform, empowers consumers to stop wasting time on hold with 1-800 numbers, and instead message their favorite brands, just as they do with friends and family. More than 18,000 businesses, including Adobe, Citibank, HSBC, EE, IBM, L'Oreal, Orange, PNC and The Home Depot rely on the unparalleled intelligence, security and scalability of LiveEngage to reduce costs, increase lifetime value and create meaningful connection with consumers.
For more information about LivePerson (NASDAQ: LPSN), please visit www.liveperson.com.