Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 338

Posts Tagged ‘assets’

Halo and High Tide Announce Amended Terms on Sale of KushBar Assets to Halo

Posted by fidest press agency su giovedì, 10 settembre 2020

Calgary, AB, CNW / − Halo Labs Inc. (“Halo”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) and High Tide Inc. (“High Tide”) (CSE:HITI) (OTCQB:HITIF) (Frankfurt:2LY) and are pleased to announce that they have entered into an amended and restated asset purchase agreement (the “Amended Agreement”) to amend the terms of the previously announced asset purchase agreement dated February 14, 2020 (the “Asset Purchase Agreement”) wherein High Tide agreed to sell KushBar retail cannabis assets to Halo Labs Inc. a wholly owned subsidiary of Halo.Under the Amended Agreement, High Tide will sell its three operating KushBar retail cannabis stores (the “Portfolio”) to Halo for $5.7 million, payable in the form of:
a) a deposit of $3.5 million which has already been paid to High Tide by way of issuance of 13,461,538 Halo common shares to High Tide at a deemed price of $0.26 per common share;
b) a convertible promissory note to be issued by Halo on closing (the “Initial Note”) in the principal amount of $1.8 million with a conversion rate of $0.16 per Halo common share; and
c) a convertible promissory note to be issued by Halo on the 12-month anniversary of closing (the “Earnout Note”; together with the Initial Note, the “Halo Notes”) in the principal amount of $400,000 with a conversion rate of $0.16 per Halo common share, provided that certain revenue thresholds are met. If the Portfolio has produced aggregate revenue of less than the set threshold during the prior 12 months, then the principal amount of the Earnout Note will be reduced dollar for dollar.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Voyager Selects Celsius Network to Manage Certain Assets

Posted by fidest press agency su sabato, 12 ottobre 2019

Voyager Digital, LLC, a subsidiary of publicly-traded Voyager Digital (Canada) Ltd (Ticker VYGR.CN), an industry-leading best execution crypto asset broker, today announced a partnership with Celsius Network, in which Celsius will manage a portion of Voyager’s digital assets.Celsius Network’s mission of making financial services fair, rewarding, and transparent directly complements Voyager’s pledge to bring the future of financial products to customers. Celsius Network was founded in 2017 with the mission to harness blockchain technology to provide unprecedented financial freedom, economic opportunity, and income equality for the 99%. Its platform provides members with curated services unavailable through traditional institutions.“We are excited to work with Celsius Network, the largest crypto lending platform, to enhance the Voyager value proposition,” said Stephen Ehrlich, co-founder and CEO. “Bringing Voyager customers more products to enable them to be successful in the ever-growing digital financial service market is core to the Voyager value proposition.”“This has been a year of enormous growth for us,” said Alex Mashinsky, CEO of Celsius Network. “We have completed over $2.2 billion worth of coin loans, passed $350 million AUM in customer deposits, and distributed over $3.5 million in interest payments. We are thrilled to be aligned with Voyager and look forward to expanding the partnership.”

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Acquisition of the Assets of Novo Health Systems’

Posted by fidest press agency su venerdì, 5 luglio 2019

Salt Lake City, Utah Facility Sterile Processing Services of America (“SPSA”), a portfolio company of Pacific Avenue Capital Partners, LLC (“Pacific Avenue”), announces the acquisition of the assets of Novo Health Systems’ Salt Lake City, Utah facility, which is an outsourced provider of hospital sterilization services.Under Pacific Avenue’s ownership, SPSA has grown through a strategic emphasis on providing outsourced instrument and linen sterilization services on a long-term or emergency basis. SPSA has built a world-class team led by President Jenifer Greisen that is focused on meeting the highest safety standards while providing excellent service to the customer.
Founded in 2017 by Chris Sznewajs, Pacific Avenue Capital Partners, LLC is a Los Angeles-based private equity firm focused on corporate divestitures and other special situations in the lower middle market.Pacific Avenue’s senior team has closed over 50 transactions including 25 carve-outs across a multitude of industries, and our M&A and operations experience allows us to navigate complex transactions and unlock value through operational improvement and capital investment while accelerating growth.
Sterile Processing Services of America is a leading provider of off-site sterilization services (instruments and linen) for clinics, surgery centers, and hospital centers. SPSA services both client-owned instruments and equipment and reusable surgical packs. The company has facilities in Long Beach, CA as well as Salt Lake City, Utah.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Great Western Bancorp, Inc. to Purchase Trust Assets of Independent Bank

Posted by fidest press agency su domenica, 23 giugno 2019

Great Western Bank, a wholly owned subsidiary of Great Western Bancorp, Inc. (NYSE: GWB), announced today that it has entered into an agreement to purchase and assume the management of the trust assets of Independent Bank acquired through its acquisition of Guaranty Bank and Trust Company in Colorado. Independent Bank is a wholly owned subsidiary of Independent Bank Group, Inc. (NASDAQ: IBTX). The transaction is expected to close in October 2019.As of March 31, 2019, Independent Bank’s Trust Department located in Colorado had approximately $311.7 million in assets held in fiduciary or agency capacities. Jane Cox, the Senior Vice President and Senior Trust Manager of Independent Bank’s Trust Department, has agreed to join Great Western Bank upon completion of the transaction, together with several other trust department employees. As of March 31, 2019, Great Western Bank had approximately $1.3 billion in assets under administration.”We are excited to welcome customers from Independent Bank’s Trust Department and to provide them with the same excellent level of performance and attention to which they are accustomed. With a combined $1.6 billion trust business, we will offer a compelling combination of sophistication and personal service,” said Ken Karels, CEO and Chairperson of the Board of Great Western Bank.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Naspers Announces Intention to List Its International Internet Assets on Euronext Amsterdam

Posted by fidest press agency su giovedì, 28 marzo 2019

Amsterdam. NewCo will also have a secondary, inward listing on the Johannesburg Stock Exchange (JSE) in South Africa.NewCo will comprise all of Naspers’ internet interests outside of South Africa including its companies and investments in the online classifieds, food delivery, payments, etail, travel, education, and social and internet platforms sectors, among others. They are some of the world’s leading and fastest-growing internet brands, such as Tencent,, OLX, Avito, letgo, PayU, iFood, Swiggy, DeliveryHero, Udemy, eMAG and MakeMyTrip. NewCo is expected to be approximately 75% owned by Naspers and have a free float of approximately 25%. As Europe’s largest listed consumer internet company by asset value, NewCo will give global internet investors direct access to Naspers’ unique and attractive portfolio of international internet assets. The transaction will be subject to the requisite regulatory and shareholder approvals being obtained. The proposed transaction is currently expected to be implemented no earlier than the second half of 2019.
Naspers is a global consumer internet group and one of the largest technology investors in the world. Operating and investing in countries and markets across the world with long-term growth potential, Naspers builds leading companies that empower people and enrich communities. The group operates and partners a number of leading internet businesses across the Americas, Africa, Central and Eastern Europe, and Asia in sectors including online classifieds, food delivery, payments, travel, education, health, and social and internet platforms. Every day, millions of people use the products and services of companies that Naspers has invested in, acquired or built, including Avito, Brainly, BYJU’S, Codecademy, eMAG, Honor, ibibo, iFood, letgo, Media24, Movile, OLX, PayU, SimilarWeb, Swiggy, Takealot, and Udemy.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Dragos’ Sergio Caltagirone to Speak at Cyber Security for Critical Assets

Posted by fidest press agency su martedì, 26 marzo 2019

Cyber Security for Critical Assets, DoubleTree Hilton Houston, Greenway Plaza Wednesday, March 27, 9:40 a.m. The Current ICS Threat Landscape. Dragos, Inc., provider of the industrial industry’s most trusted asset identification, threat detection and response platform and services, announced today that Sergio Caltagirone, Vice President of Threat Intelligence, will address the current industrial control system (ICS) threat landscape at the upcoming Cyber Security for Critical Assets conference (Houston, March 26-28), where information technology (IT) and operational technology (OT) experts from the oil & gas, energy, utilities, water, power & maritime industries unite to share the most advanced cybersecurity information and policies to current and future threats jeopardizing American critical infrastructure.In his talk, Caltagirone will share the new OT threats Dragos uncovers through its industrial cybersecurity technology platform, array of services, and industrial threat intelligence. He will also present an overview of the OT threat landscape and detail the major activity groups and root causes of many recent OT compromises. Attendees will receive a pragmatic view of the ICS threat landscape sourced entirely from real events and leave with six take-aways asset owners and operators can implement immediately to make their enterprise more secure.In his nine years with the U.S. government and three years at Microsoft, Caltagirone has hunted the most sophisticated targeted threats in the world, applying intelligence to protect billions of users while safeguarding civilization through the protection of critical infrastructure and industrial control systems. He co-created the Diamond Model of Intrusion Analysis, helping thousands of others bring more pain to adversaries by strengthening hunters and analysts. He also serves as the Technical Director of the Global Emancipation Network, a non-profit, non-governmental organization (NGO), leading a world-class, all-volunteer team dedicated to ending human trafficking and rescuing victims through data science and analytics, saving tens of millions of lives.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

United States Video Surveillance Market

Posted by fidest press agency su sabato, 16 dicembre 2017

Natali a New York (2)New York. Physical security and surveillance activities can no longer operate separately from a business’ ongoing operations. Surveillance technologies have moved beyond static, passive security operations, where cameras capture video data from security events, alert security operators, and the video data is used mostly for post-event analysis. Modern surveillance operations are now adopting more proactive security technologies, such as surveillance automation, artificial intelligence, facial recognition, and more, in order to better predict security events before they happen and to enact efficient mitigation procedures to halt events before people or assets are endangered. Due to the increasing volumes of surveillance technology and video surveillance operations, the massive amount of data collected necessitates more advanced surveillance technologies to gather, monitor, analyze, and provide relevant insights into these potential security threats. Public sector end users, such as law enforcement, transportation, critical national infrastructure, and airports, as well as retail and commercial end users can all benefit from these advanced surveillance solutions which include cameras, video management systems, storage, and video analytics to offer better efficiency and insight.End-to-end security systems, offering both security hardware and software options, have seen increasing demand from customers in all verticals due to their substantial return-on-investment, scalable and flexible system design, and technological sophistication. End-to-end security vendors will continue to see increased opportunities in these markets as customers continue to refresh, upgrade, and re-design their surveillance operations to meet modern security demands and improve their overall operational efficiency and asset protection capabilities.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

New rules make it easier to confiscate crooks’ assets across the EU

Posted by fidest press agency su martedì, 25 febbraio 2014

Rules to make it easier for national authorities to freeze and confiscate crooks’ assets across the EU were approved by Parliament on Tuesday. Today, less than 1% of the proceeds of crimes such as drug trafficking, counterfeiting, human trafficking and small arms smuggling are frozen and confiscated. The draft law, already informally agreed with national governments, is part of a broader EU strategy to fight fraud and corruption.”Our priority must be to follow the money across borders and confiscate the profits of criminals. Otherwise all we do is useless. Only if we take money and assets of criminals we can dare to believe that we reduce the serious criminality. Sending some people to jail but leaving the money in circulation cannot be tolerated”, said Parliament’s rapporteur Monica Luisa Macovei (EPP, RO).The directive requires member states to enable the confiscation of criminal assets following a final conviction. It would also enable the authorities to confiscate assets even if the suspect or accused person is ill or has flown, e.g. through in absentia proceedings. Furthermore, a joint declaration by Parliament and Council asks the European Commission to study the feasibility of introducing “non-conviction based confiscation”.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Civil Liberties Committee makes it easier to confiscate crooks’ assets EU wide

Posted by fidest press agency su venerdì, 10 Maggio 2013

Draft rules to make it easier for national authorities to freeze and confiscate criminals’ assets across the EU were beefed up by the Civil Liberties Committee on Tuesday. However, MEPs also sought to safeguard the right to a fair trial. They also called upon member states to use confiscated assets to fight crime and for social projects. The draft law, which must still be negotiated with national governments, is part of a broader EU strategy to fight fraud and corruption.”‘Follow the money across the border’ should be the driving priority if we want to trace funding for organised crime and terrorism effectively and efficiently. Confiscating criminals’ assets, even where a criminal conviction is not possible, is clearly necessary to recover the proceeds of crime”, said lead MEP Monica Luisa Macovei (EPP, RO).Today, less than 1% of the proceeds of crimes such as drug trafficking, counterfeiting, human trafficking and small arms smuggling are frozen and confiscated. Most of this “dirty money” is laundered and channelled into the licit economy, often in several member states.The new rules would enable national authorities quickly to identify and trace such assets – such as cash held in bank accounts, real estate, vehicles, livestock, artworks, company shares, businesses, and collector’s items – and to freeze, manage and confiscate them consistently across the EU.

Posted in Estero/world news | Contrassegnato da tag: , , , | 2 Comments »

Rail industry benefits

Posted by fidest press agency su giovedì, 13 agosto 2009

Zeist, the Netherlands, The autonomisation of the railway industry, the related enhanced commercialisation and the separation of infrastructure and operations ask for new criteria in optimal life cycle management. Good management of the total life cycle costs of rail assets is a key aspect in this. Challenges such as calculations in which changing circumstances and future expenses need to be taken into account, still need to be overcome. This greatly influences the determination of prices in for example tendering procedures of rolling stock. Rules, interoperability and feasibility of technological developments are also among the issues at stake. However, optimal life cycle management offers remarkable opportunities and provides competitive advantages. This will all be discussed on 8 December 2009 during the international Life Cycle Management conference. The conference will take place in Congress centre Amstelveen in the Netherlands and is being organised by Europoint Rail Technology Conferences & Exhibitions.The Life Cycle Management conference starts with a benchmarking forum, after which the need and necessity for cross border regulations will be illustrated from different perspectives. The conference programme includes contributions from politics, science and industry. In the afternoon the following issues will be discussed via interactive seminars:- Rail concessions and asset/life cycle management: winning contracts- Management accounting & LCM- The interaction between infrastructure and rolling stock: symbiosis or parasitism?-  The balance between technology and cost efficiency The organisers expect these issues to lead to a successful interaction between speakers and delegates. The exchange of viewpoints will result in innovative solutions and tangible actions that will lead to a cost effective and manageable integral method of Life Cycle Management in the rail industry.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Letters on nab fund

Posted by fidest press agency su martedì, 21 aprile 2009

The letters from President Obama linked below were sent to House Speaker Nancy Pelosi, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell and House Minority Leader John Boehner late last week. As a follow up to the commitment made with other G-20 leaders at the meeting in London last month, President Obama proposes an expansion of the New Arrangements to Borrow fund from $50 billion to $500 billion, of which the US participation would be up to $100 billion.  Such participation does not represent a budgetary expenditure or any increase in the deficit since it effectively represents an exchange of assets.  The letter also asks for a further enlargement of NAB membership to include increased participation in the major emerging market countries.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »