Travelzoo Provides Update on Project “Asia Pacific 2020”

PR Newswire

HONG KONG and NEW YORK, Nov. 7, 2019 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), a global publisher of exclusive offers and experiences for members, provides the market with an update on the progress of project “Asia Pacific 2020″:

Scott Wang, Head of Strategy, Asia Pacific and General Manager of Travelzoo in Greater China and Sharry Sun, Global Head of Brand of Travelzoo

  • In the first half of 2019, as announced in a press release on March 18, 2019, a new management team was installed in Asia Pacific;
  • From June to September 2019, Travelzoo worked with a top Chinese management consulting firm and developed together a strategy to gain significant presence for Travelzoo in China. The consulting firm interviewed more than 60 industry players and completed a rigorous review of China market and Travelzoo’s current position in the market. The project confirmed a very substantial opportunity for Travelzoo to grow its revenue in China through enriching content and deals in social media and mobile channels;
  • On September 21, 2019, Travelzoo’s board of directors approved the strategic plan presented by Scott Wang, Head of Strategy, Asia Pacific and General Manager, Greater China and the consulting firm. The board asked for execution to begin immediately;
  • The strategy focuses on developing a significant presence for Travelzoo in social media and mobile channels in China. China has the biggest social media community and the highest mobile phone penetration in the world. This makes China also an ideal market for Travelzoo as a global company to develop capabilities in utilizing these channels;
  • Travelzoo in China has expanded its member base from 1.27M on December 31, 2018, to 1.61M on October 31, 2019, by launching full coverage of deals in social media channels. We expect revenue from China to grow in the fourth quarter of 2019.

The objective of project Asia Pacific 2020 is to drive up shareholder value by implementing a successful strategy to achieve profitable growth in Asia Pacific. The project has positioned China as the primary growth driver for Travelzoo in Asia Pacific. The project also set the direction to increase productivity and efficiency for high-cost markets such as Japan and Australia.

About Travelzoo
Travelzoo® provides our 28 million members insider deals and one-of-a-kind experiences personally reviewed by one of our deal experts around the globe. With more than 25 offices worldwide, we have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. For over 15 years we have worked in partnership with more than 2,000 top travel suppliers—our long-standing relationships give Travelzoo members access to irresistible deals.

Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words “expect”, “predict”, “project”, “anticipate”, “believe”, “estimate”, “intend”, “plan”, “seek” and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Travelzoo and Top 20 are registered trademarks of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.

Travelzoo
Room 3608, AIA Tower
183 Electric Road
Hong Kong 200023

Media contact:
Kelvin ChongHong Kong
+852 3127 8077
kchong@travelzoo.com

Christie McConnellNew York
+1 212 484 4967
cmcconnell@travelzoo.com

 

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SOURCE Travelzoo

Hyosung Chairman Cho Hyun-joon’s Global Management Now Turns to Mexico

Hyosung Chairman Cho Hyun-joon’s Global Management Now Turns to Mexico

SEOUL, South Korea & MEXICO CITY–(BUSINESS WIRE)–
Chairman Cho Hyun-joon of Hyosung Group had a meeting with President Andres Manuel Lopez Obrador of Mexico on November 6, 2019 at the Presidential Palace in Mexico City to discuss ways of cooperation between the two parties, including the ‘Rural ATM Project’, a part of core welfare policy of the Mexican government.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191107005404/en/

Chairman Cho Hyun-joon of Hyosung Group (left) had a meeting with President Andres Manuel Lopez Obrador of Mexico (right) on November 6, 2019 at the Presidential Palace in Mexico City to discuss ways of cooperation between the two parties, including the ‘Rural ATM Project.’ Chairman Cho gave a baseball bat autographed by Korean Major leaguer Shin-soo Choo of Texas Rangers as a gift to President Obrador, who is known as a big fan of baseball. (Photo: Business Wire)

Chairman Cho Hyun-joon of Hyosung Group (left) had a meeting with President Andres Manuel Lopez Obrador of Mexico (right) on November 6, 2019 at the Presidential Palace in Mexico City to discuss ways of cooperation between the two parties, including the ‘Rural ATM Project.’ Chairman Cho gave a baseball bat autographed by Korean Major leaguer Shin-soo Choo of Texas Rangers as a gift to President Obrador, who is known as a big fan of baseball. (Photo: Business Wire)

The meeting was arranged in the wake of receiving a recent order, at the initiative of Chairman Cho Hyun-joon, for full supply of 8,000 units of ATMs (in value of KRW203 billion) needed for the ‘Rural ATM Project’, a part of large scale welfare policy, by Hyosung TNS, an IT subsidiary of Hyosung Group (KRX:004800).

Chairman Cho Hyun-joon says “We will contribute to improving welfare and enhancing quality of life of Mexican people”.

At the meeting, Chairman Cho Hyun-joon extended gratitude to President Lopez Obrador for allowing a chance of participating in the large scale project, and expressed his aspiration for contributing to enhancing quality of life of Mexican people as well as to economic development by actively taking part in power infrastructure projects and renewable energy industry including solar photovoltaic segment.

“I am deeply impressed by the policy and philosophy of the Mexican government under the leadership of President Lopez Obrador that places priority on the life of low-income people. The Rural ATM Project will provide Hyosung Group with a significant opportunity of fulfilling its corporate social responsibility, beyond business activities for generating revenue”, stressed Chairman Cho. “We are committed to enhancing quality of life of low-income groups and contributing to reinforcing welfare delivery system by successfully fulfilling the project, allowing ordinary people of Mexico to conveniently use ATMs.”

Explaining importance of the Rural ATM Project by himself, President Lopez Obrador responded, “Given that Hyosung has world-level expertise in ATMs, a core part of the Project, our close cooperation will lead to success of the Project.” “I look forward to meeting you again after successfully completing the Project,” added the President.

Hyosung TNS received an order for supplying all of 8,000 ATMs for the ‘Rural ATM Project’ in Mexico.

Being the 15th economic power in the world in terms of GDP, 20 million people of Mexico who represent 17% of its total population of 120 million are receiving welfare subsidies from the government. But regions where financial service is not available account for 75% of the entire country.

As government subsidies are frequently failed to be properly delivered to vulnerable groups due to such situation, the Mexican government has been implementing the ‘Rural ATM Project’ that issues welfare cards to beneficiaries, allowing them to withdraw cash from ATMs.

Chairman Cho led this project from the early stage in 2018 and succeeded in winning the order by expanding its sales force to the Mexican government. With an order for supplying 8,000 ATMs for the project by the end of 2020, Hyosung TNS will increase its market share in Mexico from the current 2% to 15%, solidifying its position in the market. In the United States, Hyosung TNS ranks first, representing 46% of ATM market (based on annual sales in 2019).

Discussions were also made on subjects of cooperating for power and renewable energy infrastructure projects.

After the meeting with President Lopez Obrador, Chairman Cho visited a welfare center in Mexico City, which is providing pilot service, to examine Hyosung TNS’s ATMs and listen to opinions on service from users of the welfare center.

And, Chairman Cho had meetings with key cabinet members of President Lopez Obrador’s government and asked them to afford chances of taking part in power infrastructure projects in Mexico, which is increasing investments in oil and gas industry as well as combined cycle thermal power generation facilities, based on Hyosung’s technologies and knowhow in power and renewable energy industries in the country.

Further, he expressed his vision for growth of its business in the country through continued improvement of quality while introducing its two airbag manufacturing operations -fabric production and sewing facilities- in the country.

Chairman Cho continues to discuss ways of cooperation with global top leaders, including those of India, Vietnam and China.

Since his inauguration in 2017, Chairman Cho Hyun-joon has been actively engaged in global management activities, such as meeting with top leaders of several countries. After meeting Prime Minister Narendra Modi of India in 2018 to discuss various subjects of cooperation, he had meetings with top leaders of other major business partner countries, including Prime Minister Nguyen Xuan Phuc of Vietnam, Governor Yuan Jia Jin of Zheijiang Province, China, Deputy Prime Minister Vuong Dinh Hue of Vietnam, and CEO Amin H. Nasser of Saudi Aramco.

In addition, Chairman Cho is examining trends in world textile industry by participating in a variety of every global exhibition. To listen to voices of global customers, he took part in the Interfiliere Paris 2019, the world’s largest exhibition of lingeries and swimming suits held in Paris, and Preview in Shanghai exhibition being held in China, the largest textile market.

Hyosung Corporation

Minjung Cho, +82-2-707-7079

gnujnim@hyosung.com

KEYWORDS: India China France Mexico Viet Nam Central America South Korea Asia Pacific Europe

INDUSTRY KEYWORDS: Banking Technology Professional Services Baseball Swimming Sports Other Manufacturing Utilities Textiles Oil/Gas Alternative Energy Energy Automotive Manufacturing Other Technology Fashion Manufacturing Retail

MEDIA:

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Photo
Photo
Chairman Cho Hyun-joon of Hyosung Group (left) had a meeting with President Andres Manuel Lopez Obrador of Mexico (right) on November 6, 2019 at the Presidential Palace in Mexico City to discuss ways of cooperation between the two parties, including the ‘Rural ATM Project.’ Chairman Cho gave a baseball bat autographed by Korean Major leaguer Shin-soo Choo of Texas Rangers as a gift to President Obrador, who is known as a big fan of baseball. (Photo: Business Wire)

GFI re-opens Tokyo office with the launch of G10 Forward FX

PR Newswire

LONDON, Nov. 7, 2019 /PRNewswire/ — GFI Group Japan, a division of BGC Capital Markets (Japan), LLC, a subsidiary of BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” or “BGC”), today announced the opening of a new office in Tokyo’s Akasaka Biz Tower with the launch of its G10 Forward FX (“FWD FX”) desk focusing on Yen as well as EUR, GBP, CHF, AUD, NZD, CAD and other Forwards to service its Japanese and international clients.

The re-establishment of a Japan office further strengthens GFI’s existing FWD FX businesses in Hong Kong, Sydney and Singapore providing clients with unrivaled coverage across all markets in the Asia Pacific region, further supported by GFI’s offices in London and New York.    


Brad Howell
, Chief Executive Officer of GFI Asia Pacific, commented “With re-establishing the GFI brand in Japan and the re-opening of our Tokyo office, GFI is making a long term commitment to Japanese financial markets. We believe Japan is a key strategic growth area for GFI in the Asia Pacific regions. We are very excited about the opportunity, especially launching a core product like FWD FX which is a staple of financial markets and the real economy alike.”

About BGC Partners, Inc.

BGC Partners is a leading global brokerage and financial technology company. BGC’s offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. BGC provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, and other services to a broad range of financial and non-financial institutions. Through brands including Fenics, BGC Trader, Capitalab, Lucera, and Fenics Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Trader, GFI, Fenics, Fenics Market Data, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC Partners, Inc. and/or its affiliates.

BGC’s customers include many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC’s Class A common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com. You can also follow BGC at https://twitter.com/bgcpartners, https://www.linkedin.com/company/bgc-partners and/or http://ir.bgcpartners.com/Investors/default.aspx.

Discussion of Forward-Looking Statements about BGC

Statements in this document regarding BGC that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

Media contact:

Harjeet Singh

+44207894 8829

Investor Relations contact: 
Ujjal Basu Roy 
+12126102426

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SOURCE BGC Partners, Inc.

Global Vascular Access Device (VAD) Market Outlook to 2024 – The Surge in Medical is Pushing Market Demand

Dublin, Nov. 07, 2019 (GLOBE NEWSWIRE) — The “Vascular Access Device Market: World Market Analysis By Type, By Mode of Insertion (Intravenous, Subcutaneous), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (North America, Europe, APAC, ROW), By Country” report has been added to ResearchAndMarkets.com’s offering.

The Vascular Access Devices market has been analyzed for the historical period of 2014-2018 and the forecast period of 2019-2024.

  • This report has covered and analyzed the potential of global vascular access devices market and provides statistics and information on market size, shares and growth factors.
  • The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation.
  • Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global vascular access devices market.
  • Additionally, the report also highlights market entry strategies for various companies across the globe.

Over the past few years, an array of economic, demographic, technological as well as environmental factors have been igniting a revolution in the healthcare industry. Increasing investments in research and development projects associated with vascular access devices by key players including Becton, Dickinson and Company, AngioDynamics, Teleflex, Inc., Fresenius Medical Care, B.Braun Melsungen, etc., has been pushing the market in the right direction. Besides these factors, increasing incidence of chronic diseases and surge in medical tourism have also been supporting the upward trend of the market.

On the basis of mode of insertion, the global market has been dominated by intravenous vascular access devices and this trend is anticipated to continue in the forecast period as well. Furthermore, various advantages associated with subcutaneous vascular access devices such as implantable ports include independent/at-home-care, low discernibility, avoidance of puncture wounds and damage directly to the vein, etc. These benefits allow the patients to have more flexibility in their day-to-day lives, which is the principal reason behind their demand growth in the market.

Amongst the regions, North America accounted for the largest regional share in the global vascular access device market in 2018. However, in the forecast period, the Asia-Pacific region is anticipated to advance at the highest pace. Some of the key factors driving the robust growth rate of Asia-Pacific region include presence of vast consumer base, significant improvements in medical infrastructure in addition to rapid economic development in countries such as China and India.

Scope of the Report

Global Vascular Access Devices Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)

  • Global Vascular Access Devices Market – Size, Growth, Forecast
  • By Product Type (Peripherally Inserted Central Catheters, Central Venous Catheters, Implantable Ports, Others)
  • By Mode of Insertion (Intravenous and Subcutaneous)

Regional Markets – North America, Europe, APAC, Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)

  • Regional Vascular Access Devices market – Size, Growth, Forecast
  • By Product Type (Peripherally Inserted Central Catheters, Central Venous Catheters, Implantable Ports, Others)
  • By Mode of Insertion (Intravenous and Subcutaneous)

Country Analysis – U.S, Canada, United Kingdom, Germany, Japan, China, India, Brazil and Mexico (Actual Period: 2014-2018, Forecast Period: 2019-2024)

  • Vascular Access Devices market – Size and Growth
  • By Product Type (Peripherally Inserted Central Catheters, Central Venous Catheters, Implantable Ports and others)
  • By Mode of Insertion (Intravenous and Subcutaneous)

Other Report Highlights

  • Market Dynamics – Drivers and Restraints
  • Market Trends
  • SWOT Analysis
  • Porter Five Force Analysis
  • Supply Chain Analysis
  • Competitive Landscape
  • Company Share Analysis
  • Pricing Analysis
  • Recent Product Approvals
  • Pipeline Analysis
  • Product Benchmarking
  • Brand Name Analysis
  • Policy and Regulatory Landscape

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Strategic Recommendations

4. Vascular Access Device Outlook

5. Global Vascular Access Device Market: Growth and Forecast

5.1 By Value (2014-2018)
5.2 By Value (2019-2024)

6. Global Vascular Access Device Market – Segment Analysis
6.1 Global Vascular Access Device Market Size, By Type, Breakdown (In Percentage)
6.1.1 Global Vascular Access Device Market Size, By Type, 2018 (%)
6.1.2 Global Vascular Access Device Market Size, By Type, 2024 (%)
6.2 Global PICC Vascular Access Device Market: Growth and Forecast
6.2.1 By Value (2014-2018)
6.2.2 By Value (2019-2024)
6.3 Global CVC Vascular Access Device Market: Growth and Forecast
6.3.1 By Value (2014-2018)
6.3.2 By Value (2019-2024)
6.4 Global Implantable Port Vascular Access Device Market: Growth and Forecast
6.4.1 By Value (2014-2018)
6.4.2 By Value (2019-2024)
6.5 Other Global Vascular Access Device Market: Growth and Forecast
6.5.1 By Value (2014-2018)
6.5.2 By Value (2019-2024)
6.6 Global Vascular Access Device Market Size, By Mode of Insertion: Breakdown (In percentage)
6.6.1 Global Vascular Access Device Market Size, By Mode of Insertion, 2018 (%)
6.6.2 Global Vascular Access Device Market Size, By Mode of Insertion, 2024 (%)
6.7 Global Intravenous Vascular Access Device Market: Growth and Forecast
6.7.1 By Value (2014-2018)
6.7.2 By Value (2019-2024)
6.8 Global Subcutaneous Vascular Access Device Market: Growth and Forecast
6.8.1 By Value (2014-2018)
6.8.2 By Value (2019-2024)

7. Global Vascular Access Device Market – Regional Analysis
7.1 Global Vascular Access Device Market Size, By Region: Breakdown (In Percentage)
7.2 North America Vascular Access Device Market: Growth and Forecast
7.3 North America Vascular Access Device Market: Country Analysis (US, Canada)
7.4 Europe Vascular Access Device Market: Growth and Forecast
7.5 Europe Vascular Access Device Market: Country Analysis (UK and Germany)
7.6 APAC Vascular Access Device Market: Growth and Forecast
7.7 APAC Vascular Access Device Market: Country Analysis (China, Japan, India)
7.8 RoW Vascular Access Device Market: Growth and Forecast
7.9 RoW Vascular Access Device Market: Country Analysis (Mexico and Brazil)

8. Global Vascular Access Device Market Dynamics
8.1 Global Vascular Access Device Market Drivers
8.2 Global Vascular Access Device Market Restraints

9. Market Trends

10. Porter Five Force Analysis

11. SWOT Analysis

12. Supply Chain Analysis

13. Competitive Landscape
13.1 Company Share Analysis of Key Industry Players
13.2 Pricing Analysis
13.3 Recent Product Approvals of Key Industry Players
13.4 Pipeline Analysis
13.5 Product Benchmarking of Key Industry Players
13.6 Brand Name Analysis of Key Industry Players

14. Policy and Regulatory Landscape

15. Company Profiles
15.1 Becton, Dickinson and Company
15.2 Teleflex, Inc.
15.3 B. Braun Melsungen
15.4 Fresenius Medical Care
15.5 Smiths Medical, Inc.
15.6 AngioDynamics, Inc.
15.7 ICU Medical, Inc.
15.8 Vygon
15.9 Argon Medical Device, Inc.
15.10 Medcomp

For more information about this report visit https://www.researchandmarkets.com/r/pgou4f

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
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AEDAS Homes closes the first nine months of the year with construction complete on 1,000 homes to be delivered

AEDAS Homes closes the first nine months of the year with construction complete on 1,000 homes to be delivered

  • With three months left in the year, the company has met its operating targets with 1,033 units completed and 1,001 sold

  • Visibility over targets remains strong, with 95% sales coverage for 2019 deliveries and 65% sales coverage for 2020 deliveries

  • The homebuilder is confirming its forecasts for 2019, 2020 and 2021: €1.9 billion in revenue, Ebitda of €383 million, and cash generation of €460 million.

November 2019.- AEDAS Homes, a leading residential developer in Spain’s new real estate cycle, has achieved its annual operating targets in the first nine months of the year, having completed construction on 1,033 homes, of which 95% have been sold. In this way, delivery to customers is now just a matter of weeks as First Occupancy Permits start being received. 

The company continues to enjoy a strong sales pace, with 95% of its 2019 deliveries and 65% of its 2020 deliveries already sold. These high percentages reaffirm the viability of the homebuilder’s Business Plan.

Of the 1,224 sales transactions thus far this year, 452 were closed in the third quarter for a total of €148 million.

Likewise, the company’s revenues are on a growth trajectory, and at the end of September stood at €60.8 million, a figure which comes exclusively from the delivery of finished units.

Operations evolution in line with the Business Plan

The company has confirmed its forecasts for the next three years, which amount to €1.9 billion in revenue, an Ebitda of €383 million and cash generation of €460 million. The financial result of €-13.4 million in September is in line with Business Plan forecasts and is expected in this period of the company’s ramp-up phase, while in the first nine months of the year, the company accumulated expected revenues of €389 million coming from new sales, 27% more than the same period in 2018.   

In light of these reported figures, David Martínez, CEO of AEDAS Homes, pointed out that “this forecast for cash generation of €460 million up through 2021 is almost half of the company’s current market capitalization of approximately €1 billion.”

The company’s net financial debt stands at €297.9 million, which represents a low level of leverage, giving it a Loan-to-Value of 15%, which is in line with the ramp-up outlined in the company’s Business Plan. Of this debt, it should be noted that €62 million corresponds to the completed units (774) whose delivery is imminent and will be cancelled as soon as the revenue derived from these units is accounted for, and which was still pending as of 30th September.

Additionally, regarding the treasury stock repurchase programme for up to €50 million, 672,173 shares for a total of €14,218,453.89 have been acquired between the time the programme was launched and 4th November, with the company having reached 27% of its target in just three months.


About AEDAS Homes

The developer AEDAS Homes became a listed company in Madrid on October 20, 2017, with a market capitalization of over €1.5 billion and is a leader in the nation’s residential development industry. The company plays a key role in the new cycle of the Spanish real estate sector, a cycle which must be marked by professionalism and adherence to rigorous standards.

AEDAS Homes has put over 6,000 units on the market and has a ready-to-build landbank of over 1.8 million sqm—the highest quality landbank in Spain, according to market analysts—to build over 15,500 homes in the nation’s key real estate markets and economic centres, and their surrounding areas: the Centre, Catalonia, the East & Balearic Islands, Andalucía and Costa del Sol.

Vantage Drilling International Reports Third Quarter Results for 2019

HOUSTON, Nov. 07, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $25.7 million or $5.14 per share for the three months ended September 30, 2019 compared to a net loss attributable to controlling interest of $26.1 million or $5.21 per share for the three months ended September 30, 2018.

As of September 30, 2019, Vantage had approximately $825.1 million in cash, including $10.4 million of restricted cash, compared to $239.4 million in cash, including $14.4 million of restricted cash at December 31, 2018.

Ihab Toma, CEO, commented, “I am very pleased to report that we continue to increase our backlog at higher effective day rates while remaining laser focused on delivering superior results to our customers.  This addition to backlog reflects the confidence our customers have in us, and the excellent safety and operational performance our teams are delivering to them.”

Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships and five premium jackup drilling rigs. Vantage’s primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells globally for major, national and independent oil and natural gas companies. Vantage also provides construction supervision services and preservation management services for, and will operate and manage, drilling units owned by others.

The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the company’s filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Vantage disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

Public & Investor Relations Contact:

Thomas J. Cimino
Chief Financial Officer
Vantage Drilling International
(281) 404-4700

 
Vantage Drilling International
Consolidated Statement of Operations
(In thousands, except per share data)
(Unaudited)
 
    Three Months Ended September 30,   Nine Months Ended September 30,
      2019       2018       2019       2018  
Revenue                
Contract drilling services   $ 35,830     $ 59,034     $ 101,575     $ 165,813  
Contract termination revenue                 594,029        
Reimbursables and other     4,814       5,522       15,978       16,868  
Total revenue     40,644       64,556       711,582       182,681  
Operating costs and expenses                
Operating costs     37,915       43,307       114,538       128,943  
General and administrative     6,644       9,303       86,014       22,935  
Depreciation     18,459       17,638       55,491       53,217  
Total operating costs and expenses     63,018       70,248       256,043       205,095  
Income (loss) from operations     (22,374 )     (5,692 )     455,539       (22,414 )
Other income (expense)                
Interest income     4,245       533       113,614       974  
Interest expense and other financing charges     (10,465 )     (19,439 )     (36,715 )     (58,122 )
Other, net     97       53       221       (1,031 )
Total other income (expense)     (6,123 )     (18,853 )     77,120       (58,179 )
Income (loss) before income taxes     (28,497 )     (24,545 )     532,659       (80,593 )
Income tax (benefit) provision     (2,749 )     1,515       15,852       8,698  
Net income (loss)     (25,748 )     (26,060 )     516,807       (89,291 )
Net loss attributable to noncontrolling interests     (28 )           (312 )      
Net income (loss) attributable to shareholders   $ (25,720 )   $ (26,060 )   $ 517,119     $ (89,291 )
Earnings (loss) per share                
Basic   $ (5.14 )   $ (5.21 )   $ 102.47     $ (17.86 )
Diluted   $ (5.14 )   $ (5.21 )   $ 102.14     $ (17.86 )
 
 
Vantage Drilling International
Supplemental Operating Data
(Unaudited, in thousands, except percentages)
 
    Three Months Ended September 30,   Nine Months Ended September 30,
      2019       2018       2019       2018  
Operating costs and expenses                
Jackups   $ 14,910     $ 18,112     $ 46,763     $ 49,097  
Deepwater     18,103       17,927       50,409       59,438  
Operations support     3,014       4,119       9,474       10,614  
Reimbursables     1,888       3,149       7,892       9,794  
    $ 37,915     $ 43,307     $ 114,538     $ 128,943  
                 
Utilization                
Jackups     98.4 %     98.5 %     96.8 %     90.9 %
Deepwater     41.3 %     65.7 %     41.0 %     61.1 %

Vantage Drilling International
Consolidated Balance Sheet
(In thousands, except share and par value information)
(Unaudited)
 
    September 30, 2019   December 31, 2018
         
ASSETS        
Current assets        
Cash and cash equivalents   $ 814,724     $ 224,967  
Restricted cash     5,637       10,362  
Trade receivables     36,467       28,431  
Inventory     46,883       45,195  
Prepaid expenses and other current assets     19,324       17,278  
Total current assets     923,035       326,233  
Property and equipment        
Property and equipment     1,002,709       996,139  
Accumulated depreciation     (263,778 )     (208,836 )
Property and equipment, net     738,931       787,303  
Operating lease right-of-use assets     7,515        
Other assets     13,470       16,026  
Total assets   $ 1,682,951     $ 1,129,562  
         
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Current liabilities        
Accounts payable   $ 46,692     $ 44,372  
Other current liabilities     39,267       17,983  
Total current liabilities     85,959       62,355  
Long–term debt, net of discount and financing costs of $6,830 and $12,914     1,118,962       1,109,011  
Other long-term liabilities     25,426       22,889  
Commitments and contingencies        
Shareholders’ equity        
Ordinary shares, $0.001 par value, 50 million shares authorized; 5,000,053 shares issued and outstanding     5       5  
Additional paid-in capital     373,972       373,972  
Accumulated earnings (deficit)     78,449       (438,670 )
Controlling interest shareholders’ equity     452,426       (64,693 )
Noncontrolling interests     178        
Total equity     452,604       (64,693 )
Total liabilities and shareholders’ equity   $ 1,682,951     $ 1,129,562  

Vantage Drilling International
Consolidated Statement of Cash Flows
(In thousands)
(Unaudited)
 
    Nine Months Ended September 30,
      2019       2018  
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income (loss)   $ 516,807     $ (89,291 )
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation expense     55,491       53,217  
Amortization of debt financing costs     1,217       351  
Amortization of debt discount     5,354       37,021  
Amortization of contract value     1,643       4,721  
PIK interest on the Convertible Notes     5,779       5,735  
Share-based compensation expense     1,053       7,777  
Deferred income tax expense     59       1,874  
Loss (gain) on disposal of assets     109       (1,313 )
Changes in operating assets and liabilities:        
Trade receivables     (8,036 )     6,290  
Inventory     (1,688 )     544  
Prepaid expenses and other current assets     (2,046 )     (5,591 )
Other assets     3,214       1,230  
Accounts payable     2,320       (3,245 )
Other current liabilities and other long-term liabilities     11,011       (6,839 )
Net cash provided by operating activities     592,287       12,481  
CASH FLOWS FROM INVESTING ACTIVITIES        
Additions to property and equipment     (7,229 )     (8,275 )
Down payment on Soehanah acquisition           (15,000 )
Proceeds from sale of Vantage 260           4,703  
Net cash used in investing activities     (7,229 )     (18,572 )
CASH FLOWS FROM FINANCING ACTIVITIES        
Repayment of long-term debt           (5,815 )
Contributions from holders of noncontrolling interest     1,181        
Debt issuance costs     (487 )      
Net cash provided by (used in) financing activities     694       (5,815 )
Net increase (decrease) in unrestricted and restricted cash and cash equivalents     585,752       (11,906 )
Unrestricted and restricted cash and cash equivalents—beginning of period     239,387       195,455  
Unrestricted and restricted cash and cash equivalents—end of period   $ 825,139     $ 183,549  
         

PDF available: http://ml.globenewswire.com/Resource/Download/a79bfe06-b232-4066-87d6-f642c741e417

Altus Group Opens Up CRE Ecosystem with ARGUS API Enabling Better Data Usability and More Connected Workflows

ARGUS API allows for open integration of cloud-enabled ARGUS solutions with other customer applications and data paving way to enhanced connectivity for global CRE industry

TORONTO, Nov. 07, 2019 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus Group” or “the Company”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate (“CRE”) industry, announces the launch of ARGUS API, a gateway that provides integration capability through an extensive set of available APIs (application programming interface) to connect cloud-enabled ARGUS solutions with other customer applications and data.

As the global CRE industry continues to be challenged with disparate systems and disjointed workflows resulting in data complexities, ARGUS API provides greater access to and integration of CRE data between ARGUS solutions and a variety of client data sets, sources and applications. It puts customer data to better use by enabling a more seamless flow of data and paving the way to more easily connect industry applications and streamline real estate workflows.

ARGUS API connects through ARGUS Cloud, a CRE asset and investment management platform that leverages functionality and data from industry-leading ARGUS solutions, including ARGUS Enterprise (“AE”). ARGUS API will be available in mid-December 2019.

“The CRE industry is experiencing a proliferation of systems servicing key workflows which is generating islands of data; this has created an urgent need to better put data to work with a more open, seamless and integrated approach,” said Carl Farrell, President of Altus Group. “Through a broad set of APIs that we will make available, ARGUS API helps to solve workflow connectivity challenges by enabling clients to more easily connect applications and data across systems. The result for clients is less complexity and greater ability to derive more value from their data.”

ARGUS API provides the following key benefits:

  • Flexible & Simplified Integration – provides integration flexibility through an extensive set of available APIs with the ability to connect hundreds of data points while reducing the need for complex database integration and development work.
     
  • Greater Access & Utilization of Data – provides clients centralized and synchronized access to multiple sources of streamlined data between cloud-enabled AE and clients’ additional data including revenue and expense actuals and market data such as sales and leasing comparables while eliminating redundant and time-consuming data entry.
     
  • Increased Workflow Connectivity Between Applications – allows for real-time streamlined integration across different applications and systems to quickly assess impact of key assumptions during various stages of the real estate workflow. Clients can also utilize and connect the cloud-enabled AE calculation engine directly to their non-ARGUS applications.

In addition, Altus Group is collaborating with several leading CRE technology providers to develop pre-built API connectors that will provide an integrated and more seamless flow of data between ARGUS Enterprise and other commonly used third-party industry solutions. These pre-built connectors, to be made available at a future date, will bypass the need for up-front API integration development work, and significantly accelerate fully integrated connectivity between ARGUS and various third-party platform applications.

About Altus Group Limited

Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.

For more information on Altus Group, please visit: www.altusgroup.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Altus Group Limited

Jeff Hayward
Vice President, Global Marketing & Communications
416-234-4212
jeff.hayward@altusgroup.com 

Camilla Bartosiewicz
Vice President, Investor Relations
416-641-9773
camilla.bartosiewicz@altusgroup.com

Baozun to Announce Third Quarter 2019 Unaudited Financial Results on November 21, 2019

SHANGHAI, China, Nov. 07, 2019 (GLOBE NEWSWIRE) — Baozun Inc. (Nasdaq: BZUN) (“Baozun” or the “Company”), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2019, on Thursday, November 21, 2019, before the open of U.S. markets.

The Company will host a conference call to discuss the earnings at 8:00 a.m. Eastern Time on Thursday, November 21, 2019 (9:00 p.m. Beijing time on the same day).

Dial-in numbers for the live conference call are as follows:

International +65-6713-5090
U.S. Toll Free +1-845-675-0437
Mainland China Toll Free 400-620-8038 or 800-819-0121
Hong Kong +852-3018-6771
Passcode: 9857438#

A telephone replay of the call will be available after the conclusion of the conference call through 08:59 p.m. Beijing Time, November 28, 2019.

Dial-in numbers for the replay are as follows:

International Dial-in +61-2-8199-0299
U.S. Toll Free 1-855-452-5696
Passcode: 9857438#

A live and archived webcast of the conference call will be available on the Investor Relations section of Baozun’s website at http://ir.baozun.com/.

Safe Harbor Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “going forward,” “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

About Baozun Inc.

Baozun is the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China by selling their goods directly to customers online or by providing services to assist with their e-commerce operations. The Company’s integrated end-to-end brand e-commerce capabilities encompass all aspects of the e-commerce value chain, covering IT solutions, store operations, digital marketing, customer services, warehousing and fulfillment.

For more information, please visit http://ir.baozun.com

For investor and media inquiries, please contact:

Baozun Inc.

Ms. Wendy Sun
Email: ir@baozun.com

Christensen

In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com

Tree of Knowledge International Granted DTC Eligibility for the U.S. OTC Market

TORONTO, ON, Nov. 07, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Tree of Knowledge International Corp. (“Tree of Knowledge”) (CSE:TOKI) (OTC:TOKIF)  has received approval from the Depository Trust Company (DTC), making its shares DTC eligible. In addition, the company’s common shares have been approved for trading on the OTCQB effective immediately under the symbol TOKIF.

DTC provides depository and book entry services, along with a settlement system for equities in the United States and across the globe. The organization is a member of the U.S. Federal Reserve System and a registered clearing agency with the U.S. Securities and Exchange Commission. In addition, major U.S. stock exchanges, including Nasdaq and NYSE, require DTC eligibility to be listed on the respective exchanges.  Shares can now be purchased through online brokers with DTC eligibility. 

The OTCQX offers established companies the advantages of being publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing. Investors benefit from convenient trading through their preferred broker or financial advisor, transparent pricing with real-time quotes, and trusted disclosure that is made broadly available to broker-dealers and market data providers. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and meet certain other requirements. Investors can find information and trading statistics on Tree of Knowledge at https://www.otcmarkets.com

“Receiving DTC eligibility is a major step for Tree of Knowledge,” stated CEO Michael Caridi. “This will allow us to expand our investor base and reach new investors in the US market with our business. This also will create opportunities for successful forward movement of our strategic plan.” 

About Tree of Knowledge

With its head office in Toronto, and operations in North York, Ontario and Spokane, Washington, TOKI currently has three primary business segments: (1) Multidisciplinary specialty pain clinics with a focus on the treatment of chronic pain, including controlled applications of medical cannabis in Canada, (2) Development of formulated products for therapeutic purposes and natural health product alternatives at its manufacturing facility in Spokane, which provides formulations for the Company’s products and for third parties equivalent to GMP standards, and (3) Distribution and sale of hemp-based cannabidiol (“CBD”) products in the United States, Canada, Europe, Brazil and Australia. Through its Toronto Poly Clinic, the Company has gleaned extensive expertise from being involved in one of the largest observational clinical trials on medical cannabis and from its ongoing direct patient experience. The Company has developed and implemented MCERP (Medical Cannabis Education, Research and Best Practice Platform) and MCORP (Medical Cannabis Opioid Reduction Program) with great success. Currently, the Company has research agreements with multiple universities for medical cannabis research and new medical grade products development. TOKI’s CBD product line contains EVR Premium Hemp Oil, which is an organically grown and handled, gluten-free, vegan, non-GMO, synergistic compound that is derived from U.S. Department of Agriculture (USDA) approved industrial hemp grown in the United States. TOKI currently offers several CBD products, which may be used in connection with the treatment of a number of ailments and for general wellness purposes.

Notice Regarding Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking statements and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this news release. Examples of such statements include statements with respect to future product format offerings. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including the Company’s ability to satisfy provincial sales contracts or provinces purchasing all cannabis allocated to them, and such risks contained in the Company’s annual information form dated June 25, 2019 and filed with Canadian securities regulators available on the Company’s issuer profile on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking information or forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information and forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking information or forward-looking information to reflect new information, subsequent events or otherwise, unless required by applicable securities laws.

Contact:

Tree of Knowledge International Corp.
Natasha Raey
Media Relations
Natasha@tokicorp.com
647-554-4538

Michael Caridi
Chairman
Michael@tokicorp.com
917-295-1374 

Global Energy Expo ‘BIXPO 2019’ to Be Held from November 6 to 8 in Gwangju, South Korea

Global Energy Expo ‘BIXPO 2019’ to Be Held from November 6 to 8 in Gwangju, South Korea

GWANGJU, South Korea–(BUSINESS WIRE)–
The 2019 Bitgaram International Exposition of Electric Power Technology (BIXPO 2019) is held in Gwangju, South Korea from 6th to 8th November 2019.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191107005377/en/

Korea Electric Power Corporation President & CEO Jong-Kap Kim announces the opening of 2019 Bitgaram International Exposition of Electric Power Technology (BIXPO 2019). BIXPO 2019, a leading global energy Expo, is held in Gwangju, South Korea from 6th to 8th November 2019. The event is a comprehensive annual exposition in the power and energy sector hosted by Korea Electric Power Corporation (KEPCO) (KRX:015760). BIXPO 2019 has brought separate exhibitions, invention fairs, conferences, job fairs, recruitment presentations in power and energy together in one place. The exposition is sure to provide attendees and visitors with an unparalleled platform for learning from experts, exchanging technologies, and exploring businesses. (Photo: Business Wire)

Korea Electric Power Corporation President & CEO Jong-Kap Kim announces the opening of 2019 Bitgaram International Exposition of Electric Power Technology (BIXPO 2019). BIXPO 2019, a leading global energy Expo, is held in Gwangju, South Korea from 6th to 8th November 2019. The event is a comprehensive annual exposition in the power and energy sector hosted by Korea Electric Power Corporation (KEPCO) (KRX:015760). BIXPO 2019 has brought separate exhibitions, invention fairs, conferences, job fairs, recruitment presentations in power and energy together in one place. The exposition is sure to provide attendees and visitors with an unparalleled platform for learning from experts, exchanging technologies, and exploring businesses. (Photo: Business Wire)

The event is a comprehensive annual exposition in the power and energy sector hosted by Korea Electric Power Corporation (KEPCO) (KRX:015760). KEPCO launched BIXPO in 2015 to take on the leadership in future power technologies.

BIXPO 2019 has brought separate exhibitions, invention fairs, conferences, job fairs, recruitment presentations in power and energy together in one place. The exposition is sure to provide attendees and visitors with an unparalleled platform for learning from experts, exchanging technologies, and exploring businesses.

Since launching in 2015, BIXPO has advanced to lead power and energy technologies globally and develop new business models of win-win growth through collaboration with local communities, academics, and enterprises. The sustained, concerted efforts have made BIXPO a leading global exposition.

Under the all-encompassing slogan of Energy Transition & Digital Transformation, BIXPO 2019 focuses on Digital Platform (Hyper-Connectivity & Mega Shift) to map out the road of the energy and power industry which will take into the future, in addition to technology trends and convergences.

Global Power & Energy Exposition

BIXPO is a platform to share the latest trends of new technologies in power and energy, share strategies, exchange technologies, and explore business opportunities between global utilities and companies from home and abroad via networking and business matching services.

A total of 299 companies are set to participate in the New Technology Exhibition. BIXPO International Invention Fair certified by the International Federation of Inventors’ Association or IFIA will exhibit 160 inventions from home and overseas. Other arrangements include: operation of patent technology commercialization pavilion, running a briefing session on patent technologies most likely to succeed in commercialization, and holding patent technology agreement ceremonies. The measures are all planned as a way to drive SMEs to secure more collaboration opportunities.

The International Conference is slated to convene a total of 51 sessions. Of those, the Energy Leaders Summit will bring together 100 plus big-name attendees of heads or high-level executives of power/energy companies, professionals from research institutions, and academics from around the world.

For KEPCO

PR HOUSE

Elizabeth Lee

+82 (70) 4278-1958

elizabeth.lee@pr-house.co.kr

KEYWORDS: Asia Pacific South Korea

INDUSTRY KEYWORDS: Other Energy Technology Manufacturing Other Technology Energy Other Manufacturing Hardware

MEDIA:

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2019 Bitgaram International Exposition of Electric Power Technology (BIXPO 2019) opened. BIXPO 2019, a leading global energy Expo, is held in Gwangju, South Korea from 6th to 8th November 2019. The event is a comprehensive annual exposition in the power and energy sector hosted by Korea Electric Power Corporation (KEPCO) (KRX:015760). BIXPO 2019 has brought separate exhibitions, invention fairs, conferences, job fairs, recruitment presentations in power and energy together in one place. The exposition is sure to provide attendees and visitors with an unparalleled platform for learning from experts, exchanging technologies, and exploring businesses. (Photo: Business Wire)
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Korea Electric Power Corporation President & CEO Jong-Kap Kim announces the opening of 2019 Bitgaram International Exposition of Electric Power Technology (BIXPO 2019). BIXPO 2019, a leading global energy Expo, is held in Gwangju, South Korea from 6th to 8th November 2019. The event is a comprehensive annual exposition in the power and energy sector hosted by Korea Electric Power Corporation (KEPCO) (KRX:015760). BIXPO 2019 has brought separate exhibitions, invention fairs, conferences, job fairs, recruitment presentations in power and energy together in one place. The exposition is sure to provide attendees and visitors with an unparalleled platform for learning from experts, exchanging technologies, and exploring businesses. (Photo: Business Wire)
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