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Global Loudspeakers Strategic Market, 2016-2018 & 2024: Annual Estimates & Forecasts - Pair Speakers, Satellite/Subwoofer, Subwoofer, Soundbars, In-wall & Outdoor Speakers

Thu, 21/06/2018 - 13:51

Dublin, June 21, 2018 (GLOBE NEWSWIRE) -- The "Loudspeakers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa and Latin America Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research.

This report analyzes the worldwide markets for Loudspeakers in US$ Thousand and Thousand Units by the following Product Segments:

  • Pair Speakers
  • Satellite/Subwoofer Speakers
  • Subwoofer Speakers
  • Soundbars
  • In-wall Speakers
  • Outdoor Speakers
  • Others

The report profiles 329 companies including many key and niche players such as:

  • Altec Lansing, LLC (USA)
  • Amaoto Industrial Co., Ltd. (Taiwan)
  • Bang & Olufsen (Denmark)
  • B&W Group Ltd. (UK)
  • Bose Corporation (USA)
  • Boston Acoustics, Inc. (USA)
  • Creative Technology Ltd (Singapore)
  • Cambridge SoundWorks (USA)
  • DEI Holdings Inc. (USA)
  • Definitive Technology (USA)
  • Polk Audio (USA)
  • Focal JM-Lab (France)
  • Focus Audio, Inc. (Canada)
  • German Physiks (Germany)
  • Harbeth Audio Ltd. (UK)
  • Harman International Industries, Inc. (USA)
  • Jean-Marie Reynaud (France)
  • KEF (USA)
  • Nortek Inc. (USA)
  • Niles Audio Corporation (USA)
  • SpeakerCraft, Inc. (USA)
  • Opera Loudspeakers (Italy)
  • QLN AB (Sweden)
  • Sammi Sound Tech Co Ltd. (Korea)
  • Sonance, Inc (USA)
  • Sonos. Inc. (USA)
  • Velodyne Acoustics, Inc. (USA)
  • VOXX International Corporation (USA)
  • Klipsch Group, Inc. (USA)
  • Yamaha Corporation (Japan)

Key Topics Covered:

1. INDUSTRY OVERVIEW
A Quick Market Primer
A Review of the Long-Term Economic Scarring Caused by the Great Recession in Developed Markets
Digital Boom Brings the Promise of a Turnaround in Home Entertainment Spending
The Rising Trend of Music Streaming Drives Demand for Multi- Room Wireless Speakers
The Emerging Face of New Consumerism Brings in a Rich Mixture of Opportunities & Challenges for Loudspeaker Manufacturers
A Peek into Other Noteworthy Trends, Drivers & Challenges
Pair Speakers Market Faces Tsunami of Sorts
Satellite/Subwoofer Speakers: A Key Beneficiary of At-Home Entertainment
Growing Popularity of Assembled Speakers Drives Demand for Standalone Subwoofers
In-Wall Speakers to Gain Consumer Attention
Luxury Homes & Rising Outdoor Living Trend Offer Opportunities for Outdoor Speakers
Soaring in Popularity, Soundbars Threaten to Dislodge Traditional Loudspeakers
Robust Smartphone Sales & Increased Preference for Media Consumption on These Devices Drive Demand for Docking Speakers
Connectivity Emerges Into the Most Vital Feature for Modern Speakers
A Peek into Technology/Product Innovations
Contemporary Lifestyles & Home Decors Guide Loudspeaker Designs
Flat-Panel Speaker Technology Gains in Prominence
Freedom from Messy Wires: The Ace Feature of Wireless Speakers
Developments in Low Cost Micro-Eelectromechanical Structures (MEMS) Drive Innovation in Miniature Speakers
Omnidirectional Speakers Grow in Prominence
HVT Technology Gains Attention
Growing Focus on Environmental Stewardship Among Consumers Drives Interest in Eco-Friendly Green Speakers
Growing Demand for Power Loudspeakers
Surface Surround Technology Makes Speaker Facets Two-Dimensional
Innovative Printed Speakers on the Anvil
Graphene Audio Speakers
Market Outlook

2. LOUDSPEAKER TECHNOLOGY PLATFORM
Loudspeakers: A Technical Preview
Loudspeakers: A Peek Into its Technology Lifecycle
The Technology Learning Curve Has a Slippery Slope
Planar Ribbon Drivers: No Longer Pricey
A Peek into its Technical Sophistication
Focused Speaker Systems: Technology Overview
Computer Loudspeaker Designs
Conventional Loudspeaker Designs
Electrostatic Loudspeaker Designs
Major Design Considerations for Computer Loudspeakers

3. PRODUCT OVERVIEW

4. PRODUCT INNOVATIONS/INTRODUCTIONS
Creative Technology Launches Creative Omni
Klipsch and Capitol Introduce Wireless Speaker under Two Iconic Brands
Creative Unveils Creative Halo Bluetooth Speaker
Klipsch Launches Reference Dolby Atmos Enabled Home Theater Speakers
HARMAN Introduces Ultra-Compact AWC62 Loudspeaker
Genelec Introduces 1032C Monitor Speaker
KEF Launches Hi-Fi Speaker Range
Totem Acoustic Launches Two New Loudspeakers
EM Introduces ESP Series Loudspeakers
Yamaha Introduces VXS1ML Speakers and VXS3S Subwoofers
Renkus-Heinz Launches C and T Series of Loudspeakers
HARMAN Unveils JBL BassPro Go
JBL Introduces 4312SE Bookshelf Loudspeaker
HARMAN Unveils JBL Playlist with Chromecast Built-in Technology
HARMAN Launches JBL Pulse 3 Bluetooth Speaker
808 Audio Introduces Novel Bluetooth Speakers
Acoustic Releases Novel Indoor/Outdoor Wireless Speakers
Klipsch Introduces Novel Landscape Speakers
Creative Releases iRoar Go Portable Bluetooth Speaker
Creative Launches Sound BlasterX HD Speakers
JBL Releases CBT Series Column Loudspeaker
Bose Unveils Novel ShowMatch DeltaQ Array Loudspeakers
JBL Introduces Control 80 Series Landscape Loudspeakers
Dynaudio Introduces Novel Contour Loudspeaker Series
Harman Introduces Kardon GO + Play Wireless Speaker
Creative Launches iRoar Intelligent Portable Bluetooth Speaker System
HARMAN Introduces AKG Q200 All-in-one Speaker System
HARMAN Unveils JBL Clip 2 and JBL Charge 3 Speakers
Harman Introduces JBL Club Series Speaker and Amplifier Range
Klipsch Launches Reference Premiere HD Wireless Speakers
HARMAN Launches JBL Architectural Speakers
Creative Launches Woof 3 Micro-size Bluetooth Speaker
Harman Introduces JBL Xtreme, Bluetooth Portable Speaker
Harman Introduces JBL Flip 3 Portable Speaker Range
Creative Unveils Sound Blaster FRee Bluetooth Speaker
Creative Introduces E-MU XM7 Bookshelf Speakers

5. RECENT INDUSTRY ACTIVITY
ATC Inks Partnership Deal with Rutherford Audio
Herman Inks Distribution Agreement with Community Professional Loudspeakers
HARMAN Collaborates with Microsoft
Samsung Electronics Acquires HARMAN
Sound United Acquires D+M Group
Visual Art Inks Partnership Deal with Napa Acoustic
HARMAN Partners with Baidu
Melrose to Acquire Nortek
Eva Automation Acquires Bowers & Wilkins
Core Brands Inks Distribution Agreement with Indigo

6. FOCUS ON SELECT GLOBAL PLAYERS

7. GLOBAL MARKET PERSPECTIVE

Total Companies Profiled: 329 (including Divisions/Subsidiaries 368)

  • The United States (132)
  • Canada (11)
  • Japan (8)
  • Europe (153)
    • France (13)
    • Germany (40)
    • The United Kingdom (45)
    • Italy (12)
    • Spain (4)
    • Rest of Europe (39)
  • Asia-Pacific (Excluding Japan) (62)
  • Middle East (2)

For more information about this report visit https://www.researchandmarkets.com/research/lrpjc8/global?w=12

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Audio Equipment

Singing Machine to Announce its Full Fiscal 2018 Results and Earnings Conference Call

Wed, 20/06/2018 - 18:30

Fort Lauderdale, FL, June 20, 2018 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc.  (“Singing Machine” or the “Company”) (OTCQX: SMDM) -- the North American leader in consumer karaoke products -- today announced that its earnings for the full fiscal year ended March 31, 2018 will be released the morning of Thursday, June 28, 2018. That same day, Management will host a conference call at 10:00 am Eastern time to discuss the financial results and provide a business update.  

Conference Call Details:

Date: Thursday, June 28, 2018

Time: 10 a.m. ET

Dial-in number: (877) 876-9177

Conference ID: SMDM  

An audio rebroadcast of the call will be available later in the day at: http://www.singingmachine.com/investors

About The Singing Machine

Singing Machine® is the worldwide leader in consumer karaoke products.  The first to provide karaoke systems for home entertainment in the United States, the Company sells its products world-wide through major mass merchandisers and on-line retailers. We offer the industry's widest line of at-home karaoke entertainment products, which allow consumers to find a machine that suits their needs and skill level. As the most recognized brand in karaoke, Singing Machine products incorporate the latest technology for singing practice, music listening, entertainment and social sharing. The Singing Machine provides consumers the best warranties in the industry and access to over 13,000 songs for streaming and download.  Singing Machine products are sold through most major retailers in North America and also internationally. See www.singingmachine.com for more details.

Investor Relations Contact:

Brendan Hopkins

(407) 645-5295

investors@singingmachine.com

www.singingmachine.com

www.singingmachine.com/investors

Forward-Looking Statements

This press release contains forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward‑looking statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management and include, but are not limited to statements about our financial statements for the fiscal year ended March 31, 2017.  You should review our risk factors in our SEC filings which are incorporated herein by reference.  Such forward‑looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward‑looking statement to reflect events or circumstances after the date of this release.

Wireless Audio Devices Market to Gain Valuation Worth US$ 27 Bn by 2026 – Persistence Market Research

Wed, 20/06/2018 - 18:00

Move over Bluetooth - Wireless Audio Devices to Get a Wi-Fi Powered IoT Makeover

New York, June 20, 2018 (GLOBE NEWSWIRE) -- Innovation is the keyword in all things technology; it is the fuel that powers the advancements taking place almost on a daily basis in Information Technology and Smart Devices. When Bluetooth was first introduced, the audio devices ecosystem underwent a massive technological overhaul. Today, when Bluetooth technology underpins almost every known device and system, a newer technology is emerging in the wireless audio devices market. A small Wi-Fi enabled HD transmitting device connects multiple wired or wireless audio devices to other devices for facilitating a private and superior consumer listening experience. This new technology will help overcome the audio limitations of Bluetooth – providing increased opportunities for manufacturers of wireless audio devices.

The Coming Years to Witness More Innovations in Wireless Audio Devices as Technology Hungry Consumers Continue to Demand More

Manufacturers of wireless audio devices are investing large sums of money in structured product innovations to cater to the demands of consumers. There has been a monumental shift in the fundamental principles of audio technology; it is just a matter of time when wireless technology renders wired devices obsolete. Notable innovations are afloat in the wireless audio devices market. Streaming of audio and music is a hot trend, with consumers preferring to stream music and audio directly into their smartphones and smart devices.

Request Sample Report @ https://www.persistencemarketresearch.com/samples/4094

Multi-room audio streaming using smart speakers is another big opportunity area for manufacturers of wireless audio devices. Multi-room audio systems can either run on the internal Wi-Fi network or interact with one another to form their own network (IoT in action); and are governed by dedicated apps for each system (depending on the brand).

Consumers also prefer to take their music with them and in this context, the adoption of wireless audio devices is anticipated to surge in the coming years. Whether portable speakers or wireless earbuds, the demand for wireless audio devices – especially powerful devices with a smaller form factor and an enhanced battery life – will reach exponential heights in the next few years.

Visit for TOC @ https://www.persistencemarketresearch.com/methodology/4094

A new study by Persistence Market Research on the wireless audio devices market reveals interesting facets of the global market for wireless audio devices. According to the forecast, revenue from the sales of wireless audio devices is projected to reach about US$ 27 Billion by 2026, witnessing a growth rate of 8.4% during the period 2018 to 2026.

High-res Audio Formats and Hearables Hit the Global Market; Manufacturers Strive to Create Superior Customer Experiences

Wireless 24 bit high-res audio formats are trending the global wireless audio devices market and manufacturers are scrambling to add more innovations in product features to provide rich listening experiences to customers. Superior resolution is no longer just an added feature – consumers demand exemplary audio quality through Bluetooth devices and the latest wireless audio devices come with built-in audio enhancement features.

Wireless Audio Devices Market Research Report Overview @ https://www.persistencemarketresearch.com/market-research/wireless-audio-device-market.asp

A new innovation in the form of ‘hearables’ is also on the horizon. These wireless audio devices integrate traditional audio formats with wearable technology in devices that come in super small form factors. These devices cater to user preferences of very high quality audio along with advanced product features such as biometric sensors, voice recognition software, and support for cloud based systems. Some of these hearables also have inbuilt personal voice assistance technology and consumers have the option to use these devices to assist in improving speech comprehensibility especially in noisy environments.

Qualcomm Proves It is the Master of Innovation; Next-gen Wireless Bluetooth Stereo Headsets in the Offing

Leading American telecommunications equipment and semiconductor company Qualcomm has recently announced an upgrade to its existing wireless stereo technology that enables wireless headsets to deliver superior audio quality with an extended battery life. Powered by Qualcomm’s latest Bluetooth stereo optical compressor, this technology facilitates reduction in power consumption up to 65% for voice calls and music streaming. Wireless audio devices built with this technology are anticipated to be launched in the global market towards the close of 2018. This will be a big leap in the wireless audio devices market and will open more avenues for growth in revenue in the coming years.

Get full Report Now https://www.persistencemarketresearch.com/checkout/4094

More from PMR’s Electronics:

Global Market Study on Smart Watch: Hybrid Smart Watch Segment Poised to Increase 3.6X in Terms of Value Between 2017 and 2025 : https://www.persistencemarketresearch.com/market-research/smart-watch-market.asp

Global Market Study on Bluetooth Beacon and iBeacon: North America Anticipated to be the Most Attractive Regional Market Through 2025 : https://www.persistencemarketresearch.com/market-research/bluetooth-beacon-and-ibeacon-market.asp

Global Market Study on DC-DC Converter: IT & Telecommunication Application Segment to Lead the Global Market in Terms of Revenue Share : https://www.persistencemarketresearch.com/market-research/dc-dc-converter-market.asp

Persistence Market Research Overview

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact

Ashwani Bhagat
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
PMR Latest News:  https://www.persistencemarketresearch.com/news

Calm Raises $27M in Series A Funding Led By Insight Venture Partners

Wed, 20/06/2018 - 17:00

Apple’s 2017 iPhone App of the Year Brings Mental Fitness to 26 Million and Counting

SAN FRANCISCO, June 20, 2018 (GLOBE NEWSWIRE) -- Today Calm, the No. 1 app for meditation, mindfulness and sleep, announced that it has raised $27 million in Series A funding at a $250 million pre-money valuation. The funding round is led by Insight Venture Partners with participation from Ashton Kutcher’s Sound Ventures and singer Harry Styles. Prior to this round, Calm raised $1.5 million from seed investors, bringing them to $28.5 million in funding.

“The last few years have been extraordinary for Calm,” said Michael Acton Smith, Calm co-founder and co-CEO. “Much of the growth has been fueled by word of mouth, and we now have over 26 million downloads, with 50,000 new sign ups a day. In a very short amount of time meditation has moved from the fringe of society to the mainstream.”

Calm plans to use the new funding to increase its international growth trajectory, furthering its mission to make the world happier and healthier. “Our ambition is to build one of the most valuable and meaningful brands in the world,” said Alex Tew, Calm co-founder and co-CEO. “Calm is a business with a rare combination of factors: fast-growing, profitable and positive for the world.”

Calm has users in 190 countries and was named Apple’s 2017 iPhone App of the Year. The San Francisco-based company, which generated $22 million in revenue in 2017, has reached an annual revenue run rate of $75 million and is on track to deliver more than three times the revenue growth for the fourth year in a row in 2018.

“We are longtime users of the Calm app and truly believe in its purpose and the team behind it,” said Insight Ventures investor Harley Miller, along with fellow investor Nicolas Wittenborn. “We love Calm’s bold vision to further the practice of mindfulness and address some of today’s most important mental health issues, and we’re excited to see what the future holds.” Miller and Wittenborn are both joining the Calm board as observers.

Ashton Kutcher, founding partner of Sound Ventures, added, “Mental wellness is an extremely important issue in modern society. We think the Calm team has built a very impressive product that is improving the lives of millions of people. We believe in them and their grand vision to make the world a healthier and happier place.”

The Calm app, which helps users meditate, breathe, sleep and relax, features over 100 hours of original audio content, including The Daily Calm, Sleep Stories, meditation lessons, multi-day programs, nature sounds, Calm Masterclasses and music. It is free to download with an optional $60 annual subscription to unlock the full library of content. To learn more about Calm, visit www.calm.com.

ABOUT CALM
Calm is the leading meditation, mindfulness and sleep app on a mission to make the world happier and healthier. With over 100 hours of original audio of original audio content, the app helps users tackle some of the most important mental health issues of the modern age including anxiety, depression and insomnia. Apple’s 2017 iPhone App of the Year boasts over 26 million downloads to date, averaging 50,000 new users daily.

MEDIA CONTACT
Alexia Marchetti, Praytell | alexia@praytellagency.com | 954-804-4320

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/b6d202e6-8c9d-4f31-a2ad-a31b3deb6a05

http://www.globenewswire.com/NewsRoom/AttachmentNg/74558b61-b237-414f-afe3-7cb2a0482174

http://www.globenewswire.com/NewsRoom/AttachmentNg/c09d9a83-5db7-4921-a65b-d7040be9c588

http://www.globenewswire.com/NewsRoom/AttachmentNg/04e62023-69de-409e-b6d6-a29e5cf75564

http://www.globenewswire.com/NewsRoom/AttachmentNg/3c116275-36a7-4967-830f-012f9747c71d

Five -Time Major Golf Champion Phil Mickelson and Agent Steve Loy Join Forces With Robotic Tech Leader Reis & Irvy’s to Disrupt Food Retail

Wed, 20/06/2018 - 15:41

The legendary golfer is poised to help define the “unattended retail experience” for the next generation

SAN DIEGO, CA. , June 20, 2018 (GLOBE NEWSWIRE) -- Generation NEXT Franchise Brands, Inc. (OTCBB: VEND) announced today that its flagship subsidiary, Reis & Irvy’s, has inked a deal with five-time major championship golfer and World Golf Hall of Famer, Phil Mickelson, and his career-long business manager and business partner, Steve Loy, for 30 new Reis & Irvy’s locations to be installed throughout San Diego County (where Phil is a native and resides with his family).

Reis & Irvy’s-branded signature robot characters of the same name can dispense servings of frozen yogurt, ice cream, gelatos and sorbet topped with a selection of six delicious toppings in under 60 seconds. With self-checkout touch screen ordering and payment options, video animation, music and delicious frozen dessert provided exclusively by Dannon, robot vendors meet consumer demand for convenience, entertainment and a superior quality product.   

Phil Mickelson and Steve Loy continue to expand upon their business portfolio with the investment in Reis & Irvy’s that is challenging the status quo in food retail by catering to this generation’s expectations of immersive, entertaining and on-demand shopping experiences.  “We have seen the development of Reis and Irvy’s over the last eight months and became intrigued with the advancement and benefits of robotics which enhance the delivery of quality products to the consumer while reducing overhead cost,” said Steve Loy.    

“I’m absolutely thrilled to be part of such transformative industry change,” said Mickelson. “I’ve pushed boundaries my whole career and that mindset carries over into the business world. The energy and passion from the Generation NEXT team to both deliver a quality product and disrupt food retail is exciting.”

Describing “the new arms race in retail,” John Bird of Forbes wrote that “unattended retail storefronts” — with their speed, flexibility and improved customer experience — are the future of retail. Brands like McDonald’s are successfully innovating their customer experience and “it will change forever the landscape” of casual dining, with “Gen-Xers, millennials, and successive generations already used to a computer interface for making most of their daily choices.”

With over $130 million in franchise and licensing contracts, Generation NEXT Franchise Brands, Inc. (OTCBB:VEND) is leading the way with frozen desserts, fully autonomous robotic delivery, visual and audio entertainment, and a unique retail experience.

Reis & Irvy’s: Franchise Expansion Highlights:

  • Since its debut, Reis & Irvy’s has grown to over 235 franchisees across the U.S. and represents over 1,100 pending robot installations aggregating over $45 million, with additional contract commitments for 2,300 robots worth an estimated $130M in potential future revenues for Generation NEXT Franchise Brands, Inc.
  • Reis & Irvy’s has strengthened its offerings by teaming up with some of the world’s largest manufacturing and logistics partners, including Dannon YoCream (www.yocream.com), Flex, Ltd. (www.flex.com), Stoelting Food Service (www.stoelting.com), who created the very first soft-serve machine for Dairy Queen, and Pitney Bowes (www.pitneybowes.com), who will provide the installation and national servicing.

Nick Yates, Chairman of Generation NEXT Franchise Brands, Inc., is proud to be associated with such a high-profile athlete-entrepreneur of Mickelson’s global stature. “Phil is consistently ranked by ESPN as one of the ten most highly-regarded athletes in the world. Having such a well-respected champion as a stakeholder and franchisee, in our own backyard here in San Diego, is an honor, and a confirmation of our mission to help bring about a dramatic change in food retail,” said Yates.

For more information, visit the Reis & Irvy’s website at www.reisandirvys.com or call Toll-Free (888) 902-7558.

Generation NEXT Website: www.gennextbrands.com

Phil Mickelson’s Official Website: www.philmickelson.com

About Generation NEXT Franchise Brands, Inc.

Generation NEXT Franchise Brands, Inc., based in San Diego, California, is a publicly traded company on the OTC Markets trading under the symbol OTCBB:VEND. Generation NEXT Franchise Brands, Inc. is parent company to Reis and Irvy's, Inc., the world’s first robotic frozen yogurt vending kiosk, 19 Degrees, a corporate-focused frozen yogurt robot brand and Generation NEXT Vending Robots, its newly established owner/operator model. The Company has sold over 600 franchises throughout the United States, Canada, Australia, Israel, Puerto Rico and the Bahamas, and continually looks to partner with like-minded entrepreneurs who share its vision.

About Phil Mickelson

Phil Mickelson has been playing professionally since 1992 and is a five-time major champion, which includes three Green Jackets and one title each at the PGA Championship and The Open Championship. He became a member of the World Golf Hall of Fame in 2012, and his 43 PGA TOUR victories rank ninth all time. Mickelson has been inside the top 50 of the Official World Golf Rankings for more than 24 consecutive years, the first player in the sport ever to do so. He has represented the United States 13 consecutive times in the Presidents Cup and has played in 11 consecutive Ryder Cups, both American records.  Off the course, Mickelson has a strong commitment to giving back through the Phil and Amy Mickelson Foundation, which was founded in 2004 and focuses its interest primarily on supporting a variety of youth and family initiatives.

About Reis & Irvy’s, Inc.

Reis & Irvy’s, Inc. is a subsidiary franchise concept of Generation NEXT Franchise Brands, Inc. (OTCBB: VEND). Launched in early 2016, the revolutionary Reis & Irvy’s Frozen Yogurt Robot vending machine serves seven different flavors of frozen yogurt, ice cream, sorbets and gelatos, a choice of up to six custom toppings and to customers within 60 seconds or less at the point of sale. The unique franchise opportunity has since established itself as a high-demand product and currently showcases a franchise network both domestically as well as internationally.

This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. No Reis & Irvy's franchises will be sold to any resident of any state until the offering has been exempted from the requirements of, or duly registered in and declared effective by, such state and the required FDD (if any) has been delivered to the prospective franchisee before the sale in compliance with applicable law. Currently, the following states in the United States regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you reside in one of these states, or even if you reside elsewhere, you may have certain rights under applicable franchise laws or regulations.

Cautionary note on forward-looking statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, among others, statements concerning our future financial performance, including statements regarding: our ability to generate revenue and recognize deferred revenue; our ability to timely launch delivery and installation of our frozen yogurt robots; and our ability to grow our franchising and licensing divisions and launch our corporate-owned and direct sales platforms. The Company bases these forward-looking statements on its current expectations, estimates and projections about future events and the industry in which it operates using information currently available to it. Actual results could differ materially from those discussed in, or implied by, these forward-looking statements. Forward-looking statements are identified by words such as "believe," "anticipate," "propose," "expect," "intend," "plan," "will," "may," "estimates," variations of such words and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Factors that could cause actual results to differ from those implied by the forward-looking statements contained in this press release are set forth in our filings with the Securities and Exchange Commission (SEC), including our most recent Annual Report on Form 10-K for the year ended June 30, 2017, our Quarterly Reports, and our Current Reports on Form 8-K. Be advised that developments subsequent to this press release are likely to cause these statements to become outdated and the Company is under no obligation (and expressly disclaims any such obligation) to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

CONTACT: Media Contact: Darren Shuster Generation NEXT Franchise Brands, Inc. Phone: (818) 744-1851 Email: darren@popculturepr.com

WEYV Announces Partnership with Cricket Media, Expands In-App Content to Include E-Books

Tue, 19/06/2018 - 18:30

TROY, Mich., June 19, 2018 (GLOBE NEWSWIRE) -- WEYV, an app platform with music, magazines, e-books and more all in one app experience, today announced its partnership with Cricket Media, a global education company that creates high-quality content for children and families to improve learning.

Through this partnership, WEYV will now offer 11 new kid-focused magazines and more than 175 e-books in the app. The magazines, all of which won Gold Awards in the 2018 Parents’ Choice Awards, include:

  • Ages 0-3 – Babybug
  • Ages 3-6 – Click, Ladybug
  • Ages 6-9 – Ask, Spider
  • Ages 9-14 – Cobblestone, Cricket, Dig, Faces, Muse
  • Ages 15+ – Cicada

The new e-book additions from Cricket Media's catalog are high-interest, short form, fiction and non-fiction across content areas for a vast range of reading levels, for which Cricket is well-known. In addition to e-books that allow children to read on their own, WEYV will also contain e-books with read-along audio, perfect for budding readers.

“As an organization that is committed to creating collaborative learning experiences that build children’s confidence, creativity, and curiosity, partnering with WEYV, a company focused on providing high-quality content to its users, especially families, was an obvious fit,” said Bob Sanregret, Vice President of Sales, Cricket Media.

Led by Cricket Media’s kid-focused content, WEYV has incorporated a special “For Kids” section in the Read section of the app, which houses all of the e-books and magazines created especially for children.

“As we look to continuously expand the content options in WEYV to cater to our users’ interests and lifestyle, we quickly learned that providing family-friendly content is key,” said Stephanie Scapa, CEO of WEYV. “Partnering with Cricket Media, a trusted source for high-quality children’s content, has allowed us to very quickly establish a robust library of content for children of all ages.”

WEYV is available as an ad-free, subscription-based app that allows users to listen to music, read magazines and e-books, and (soon) watch visual content. WEYV is available on iOS and Android devices and via a web player for U.S.-based users.

More content will be added to WEYV on a rolling basis. WEYV is available for a 14-day free trial and can be accessed via the App Store, Google Play and the WEYV website.

About WEYV
WEYV, an Altair (Nasdaq:ALTR) company, is a platform that offers a full catalog of digital content to U.S.-based consumers and is available via iOS and Android devices and via a web player. WEYV enables users to listen to music, read magazines and e-books and eventually watch visual content like TV shows and movies. WEYV is committed to donating 0.5 percent of its revenue to charitable causes. For more information, visit www.weyv.com and follow WEYV on Facebook, Instagram and Twitter.

About Cricket Media
Cricket Media® is a global education company known for creating award-winning print and multi-media products for children, families, mentors, teachers, and partners that improve learning opportunities for everyone. Led by its 11 award-winning publications for children and customizable research-tested collaborative learning platform, the company is committed to making, building, and supporting innovative learning experiences with high-quality age-appropriate content that help children safely experience the world. For more information, visit cricketmedia.comCricketTogether.com, and TryEngineeringTogether.com.

Media Contacts
Jennifer Ristic
Chief Marketing Officer
WEYV, Inc.
jristic@weyv.com
216-849-3109

Bob Sanregret
Vice President, Sales
Cricket Media
(703) 885-3411
bsanregret@cricketmedia.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/369730c0-dece-4bd0-a01a-446a595d7d45

Stingray Invests in Nextologies Limited

Tue, 19/06/2018 - 16:30

MONTREAL, June 19, 2018 (GLOBE NEWSWIRE) -- Stingray (TSX:RAY.A)(TSX:RAY.B), a leading business-to-business multiplatform music and video solutions provider, today announced that it has acquired a minority stake in Nextologies Limited, an Ontario-based provider of technological solutions for broadcasters. This investment will provide Stingray with access to Nextologies’ innovative and secure signal IP distribution network at competitive rates.

About Stingray

Stingray (TSX: RAY.A; RAY.B) is the world-leading provider of multiplatform music and video services as well as digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, consumers, and more. Its services include audio television channels, premium television channels, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps, Stingray reaches 400 million subscribers (or users) in 156 countries and its mobile apps have been downloaded over 90 million times. Stingray is headquartered in Montreal and currently has close to 400 employees worldwide. For more information: www.stingray.com.

About Nextologies

Nextologies, provides fibre, IP and satellite transmission services for a wide range of clientele worldwide. As specialists of high-quality broadcast video connectivity in HD or SD, Nextologies also provides complete solutions to meet all broadcasting needs. For more information: http://www.nextologies.com

Forward-Looking Information

This news release may contain “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes information with respect to Stingray’s goals, beliefs, plans, expectations, anticipations, estimates and intentions. Forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, and “continue”, or the negative of these terms and similar terminology, including references to assumptions. Please note, however, that not all forward-looking information contains these terms and phrases. Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Stingray’s control. These risks and uncertainties could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors identified in Stingray’s Annual Information Form (AIF) dated June 8, 2017, which is available on SEDAR at www.sedar.com. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that Stingray anticipates will be realized or, even if substantially realized, that they will have the expected consequences or effects on Stingray’s business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein is provided as of the date hereof, and Stingray does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

For more information, please contact:

Mathieu Péloquin
Senior Vice-President, Marketing and Communications
Stingray
1 514-664-1244, ext. 2362
mpeloquin@stingray.com 

Transactions in relation to share buyback program

Tue, 19/06/2018 - 14:56

Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on May 2, 2018, in accordance with article 5 of the regulation (EU) no. 596/2014 of 16 April 2014 on market abuse and the delegated regulation (EU) no. 2016/1052 of 8 March 2016, also referred to as the Safe Harbor rules (company announcement no. 15 of May 2, 2018).

The share buyback program has been initiated in order to reduce the company’s share capital and to cover obligations under the long-term incentive program. Under the share buyback program, which runs from May 2, 2018 and will end no later than March 14, 2019, GN intends to buy back shares for an amount of up to DKK 1,000 million.

The following transactions have been made under the program in the period June 12, 2018 – June 18, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  June 12, 201820,000249.474,989,476  June 13, 201820,000252.585,051,688  June 14, 20184,180267.591,118,526  June 15, 201820,000282.565,651,222  June 18, 201830,000285.068,551,947Accumulated under the program724,165246.90178,798,558

Following the above transactions GN holds a total of 11,475,648 own shares corresponding to a nominal value of DKK 45,902,592 and 7.9% of the total share capital and the total voting rights in the company. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

For further information, please contact:

Investors and analysts
Peter Justesen
VP – Investor Relations & Treasury
Tel: +45 45 75 87 16

Or

Rune Sandager
Senior Investor Relations Manager
Tel: +45 45 75 92 57


Press and the media
Lars Otto Andersen-Lange
Group Media Manager
Tel: +45 45 75 02 55


About GN Group
The GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. With our unique competencies within medical, professional and consumer audio solutions, we transform lives through the power of sound: Hearing aids that enhance the lives of people with hearing loss; integrated headset and communications solutions that assist professionals in all types of businesses to be more productive; wireless headsets and earbuds designed to support calls, music and media consumption.

With world leading expertise in the human ear, sound, wireless technology and miniaturization, GN’s innovative and intelligent audio solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and Blueparrott in 100 countries across the world. Founded in 1869, the GN Group today has more than 5,500 employees and is listed on Nasdaq Copenhagen (GN.CO).

Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and Twitter.

Attachments

Stingray and ADISQ Launch a New Music Video TV Channel: PalmarèsADISQ par Stingray

Fri, 15/06/2018 - 20:30
  • The only 24/7 specialty channel primarily dedicated to French-language Quebec and Canadian music videos
  • Bell, Cogego, TELUS, and Videotron have already signed on to carry PalmarèsADISQ par Stingray
  • Stingray concurrently announces investments in local music video production

MONTREAL, June 15, 2018 (GLOBE NEWSWIRE) -- Stingray and l'Association québécoise de l'industrie du disque, du spectacle et de la vidéo (ADISQ) today announced the launch of PalmarèsADISQ par Stingray, a unique specialty music video TV channel primarily dedicated to French-language Quebec and Canadian music videos. PalmarèsADISQ par Stingray was already added to Videotron’s channel offering and will be available soon to Bell Fibe TV, TELUS, and Cogeco subscribers.

PalmarèsADISQ par Stingray was born out of Stingray and ADISQ’s shared mission to promote and showcase the Quebec and Canadian music industry, help develop the careers of local artists, and provide audiences with access to a diversity of homegrown talent.

Although PalmarèsADISQ par Stingray’s programming mainly spotlights Francophone music from Quebec, the province’s Anglophone artists and French-language artists from across the country, and the world are also showcased. The channel was created to delight both fans of musical discoveries and nostalgia buffs. PalmarèsADISQ par Stingray presents a curated all-day programming, themed blocks, exclusive countdowns, and best-of lists.

Programmed by Stingray’s team of in-house curators with the support of ADISQ experts, PalmarèsADISQ par Stingray will be broadcast 24/7 and present all the local music videos that fans can never get enough of; from today’s chart-busting stars to tomorrow’s most exciting newcomers and yesterday’s icons.

Financing of Local Music Video Production

Pursuant to Stingray’s desire to invest in young talent, a portion of the profits generated by PalmarèsADISQ par Stingray will be reinvested in local music video production through existing third-party funds. Through this initiative, Stingray will finance the production of music videos broadcast on its channels and help develop the career of up-and-coming Quebec and Canadian directors.

Stingray will share more information about this initiative in the coming months.

PalmarèsADISQ par Stingray programming grid

PROGRAM
NAME
DESCRIPTIONFEATURINGSCHEDULEVidéo Réveil

A wake-up call to the sound of the greatest successes of today and yesterday.France D'Amour, Garou, Céline Dion, Corneille, Daniel Bélanger, Leonard Cohen, Dany BédarEvery day at 6 amVidéo mixSoundtrack every moment of your day with non-stop video mix.Louis-Jean Cormier, 2Frères, Coeur de pirate, Patrice Michaud, Charlotte Cardin, Éric Lapointe, Bobby BaziniMon to Fri at 10 amTêtes d’affiche

Recharge your batteries with the greatest hits of today and decades past.Stromae, Les Trois Accords, Karim Ouellet, Alex Nevsky, Marie-Mai, Jean Leloup, Arcade Fire, NiagaraMon to Fri at 6 pm Sat & sun at 2 pmWeek-ends flashbackTravel back in time to relive the major hits of the ‘80s and ‘90s.Kevin Parent, Les B.B., Mitsou, The Box, Indochine, Vilain Pingouin, Julie MasseSat & Sun at 10 amLa scène

Explore the up-and-coming hip-hop and indie scenes.Les Deuxluxes, Lisa Leblanc, Samian, Galaxie, Rouge Pompier, Mononc’ Serge, Vulgaires Machins, Koriass, Half Moon RunSun to Thu at 10 pmLa zone

Thrill to the sounds of the most influential French and Quebec MCs and beat makers.
Rymz, Dead Obies, Loud, Muzion, Sans Pression, Maitre Gims, Iam, SinikFri & Sat at 10 pm

Download press images and the programming grid

Visit the PalmarèsADISQ par Stingray website

Quotes

“For too long, local music makers have not had a dedicated television platform, which has hurt their discoverability and the production of homegrown music videos,” said Eric Boyko, President, Co-founder, and CEO of Stingray. “Today, we are proud to announce a partnership with ADISQ and investments in the production of local music videos to showcase, encourage, and promote Quebec and Canadian French-language musicians. We are thrilled to be in a position to support the careers of talented artists from Coast to Coast and to have already found enthusiastic distribution partners in Bell, Cogeco, TELUS, and Videotron. We believe in our country’s talent and have always been a champion of Quebec and Canadian music, both at home and abroad. PalmarèsADISQ par Stingray is the only music television channel created especially for our artists and we look forward to seeing it added to the offering of operators across the country.”

“At a time when Quebeckers have access to an unprecedented and literally infinite amount of music, it is more important than ever to promote the visibility and discoverability of local French-language content," declared Solange Drouin, Vice-President, Public Affairs and Director General, ADISQ. "The launch of the PalmarèsADISQ par Stingray television channel, which will showcase our artists’ music videos, and thereby their talent and diversity, is excellent news for the entire Quebec music industry - and for fans! Quebeckers may consume a lot of music videos on the internet, but television still holds immense power when it comes to discovering new artists and their music. Initiatives like the one we are launching today are crucial for our artists to continue to be loved and to shine.”

“Quebec and Canada’s artists and musicians are among the best in the world. I am thrilled that Stingray and ADISQ will be working together to showcase our amazing homegrown talent on their new 24/7 specialty channel dedicated to Quebec and Canadian French-language music videos. PalmarèsADISQ par Stingray will provide an incredible platform to strengthen and grow the Quebec and Canadian music industry, and develop our local artists.” -The Honourable Mélanie Joly, Minister of Canadian Heritage

“Bell has supported Québec artists and promoted French-language music for many years through partnerships with numerous events, organizations, and festivals, including our recent historic sponsorship agreement with Francos de Montréal,” said Nicolas Poitras, Vice President, Bell Residential Services. “We are pleased to expand on our support for homegrown talent by showcasing both emerging and well known French-language artists on the new PalmarèsADISQ par Stingray channel, which Bell Fibe TV customers will be able to watch at home or on the go with the Fibe TV app.”

“For over 60 years now, Cogeco Connexion has been deeply involved in the community it serves through the community TV stations we operate. This evolution in our offering embodies Cogeco’s ties to the Quebec and French-Canadian communities and is consistent with our ongoing commitment to better meet the changing needs of our customers,” stated Johanne Hinse, Vice President, Sales Consumer market and Community relations, Cogeco Connexion. “By giving them access to rich and diverse television channels with highly superior content, such as this new PalmarèsADISQ par Stingray, we contribute to the identity of Quebec and French-Canadian culture, while offering our customers an optimal entertainment experience.”

“TELUS and Quebec music enthusiasts share a common passion for la Belle Province’s local culture,” says Marie-Christine D’Amours, Vice President, Consumer Market at TELUS Quebec. “For more than 15 years, TELUS has been committed to promoting the talent of local emerging artists, by supporting venues and festivals across the province, including the MTELUS, Les Grandes Fêtes TELUS, and Le Festival Musique du Bout du Monde. PalmarèsADISQ par Stingray will allow Quebec-based artists to shine in every corner of the province, as viewers are entertained watching in the comfort of their homes and on the go on their phones.”

"Videotron has always given pride of place to local musicians, which is why we are delighted by the launch of a television channel dedicated to broadcasting their music videos,” said Caroline Paquet, Vice-President Marketing and Content at Videotron. "Already available to our subscribers, PalmarèsADISQ par Stingray, a unique showcase for the creativity of Quebec talent and musical discoveries, will delight music lovers from all walks of life."

About Stingray

Stingray (TSX:RAY.A) (TSX:RAY.B) is the world-leading provider of multiplatform music and video services, and digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, consumers, and more. Its services include audio television channels, premium television channels, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. Stingray reaches 400 million subscribers (or users) in 156 countries and its mobile apps have been downloaded over 90 million times. Stingray is headquartered in Montreal and currently has close to 400 employees worldwide. For more information: www.stingray.com.

About ADISQ

The Association québécoise de l’industrie du disque, du spectacle et de la vidéo (ADISQ) brings together more than 250 companies representing the stakeholders that help Quebec musicians and humorists develop their careers and reach their audiences: record, live show, and video producers; record labels; publishers; distributors; performance venues; broadcasters; and more. For more information: www.adisq.com.

For more information, please contact:

Stingray
Mathieu Péloquin
Senior Vice-President, Marketing and Communications
1 514-664-1244, ext. 2362
mpeloquin@stingray.com

ADISQ
Martine Laforce
Roy & Turner Communications
T. 1 514-844-9678 ext. 202
M. 1 514-577-6945
mlaforce@roy-turner.com 

NEP Completes Acquisition of Telerecord

Fri, 15/06/2018 - 17:15

FLORENCE, Italy, June 15, 2018 (GLOBE NEWSWIRE) -- Today NEP Group, a leading outsourced technical production partner supporting premier content producers of live sports and entertainment, announced that it has completed its acquisition of Telerecord, an Italy-based provider of outside broadcast solutions.

Telerecord, a local industry leader with strong client relationships, covers popular sporting events in Italy and throughout Southern Europe including football, ice hockey and bobsleigh. The deal further diversifies NEP’s business and expands its reach in Europe by adding additional local resources and talent.

As part of the deal, all Telerecord staff members will join NEP. Telerecord will be rebranded as NEP and will be part of NEP Italy, which is led by Sergio Cecchini, GM of NEP Italy, who joined NEP in May. Telerecord also brings a fleet of several outside broadcast trucks, sprinter vans and motorcycles to the NEP Worldwide Network to serve clients across Europe.

“We couldn’t be more pleased to bring Telerecord into the NEP family,” said Paul Henriksen, President, NEP Europe & Media Solutions. “Telerecord has a similar culture and shares our values of superior client service, technical innovation, teamwork and passion for what we do. It’s a great deal for our companies and, most importantly, for our clients.”

Information about NEP Group and NEP Italy can be found at https://www.nepgroup.com.
# # #

About NEP

For over 30 years, NEP has been a worldwide outsourced technical production partner supporting premier content producers of live sports, entertainment, music and corporate events. Our services include remote production, studio production, audio visual solutions, host broadcast support, premium playout, post production and innovative software-based media management solutions. NEP’s 3,000+ employees are driven by a passion for superior service and a focus on technical innovation. Together, we have supported productions in over 85 countries on all seven continents.

NEP is headquartered in the United States and has offices in 24 countries. Learn more at nepgroup.com.

Attachment

CONTACT: Susan Matis NEP Group, Inc. +1 412-423-1339 press@nepgroup.com

GN Audio increases financial guidance for 2018

Thu, 14/06/2018 - 12:21

GN Audio increases the financial guidance for 2018:

  • The organic revenue growth guidance is upgraded from “around 9%” to “up to 15%”
  • Based on the upgraded organic growth guidance, the EBITA margin is upgraded from “more than 17%” to “more than 18%”

The guidance update reflects GN Audio’s strategy execution on innovation excellence and commercial excellence to continue to drive revenue growth and market share gains. A series of product launches on top of an already strong product portfolio has generated unprecedented demand across markets, and additional production capacity has been secured to meet the extraordinary demand.

All other guidance parameters are unchanged. The upgraded financial guidance for 2018 is:
  

 GN HearingGN AudioOrganic revenue growth> 6%up to 15% (from ~ 9%)EBITA margin> 20%> 18% (from > 17%)OtherDKK (135)mEffective tax rate~ 22%

For further information, please contact:

Investors and analysts
Peter Justesen
VP – Investor Relations & Treasury
Tel: +45 45 75 87 16

Rune Sandager
Senior Investor Relations Manager
Tel: +45 45 75 92 57


Press and the media
Lars Otto Andersen-Lange
Group Media Manager
Tel: +45 45 75 02 55

About GN Group
The GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. With our unique competencies within medical, professional and consumer audio solutions, we transform lives through the power of sound: Hearing aids that enhance the lives of people with hearing loss; integrated headset and communications solutions that assist professionals in all types of businesses to be more productive; wireless headsets and earbuds designed to support calls, music and media consumption.

With world leading expertise in the human ear, sound, wireless technology and miniaturization, GN’s innovative and intelligent audio solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and Blueparrott in 100 countries across the world. Founded in 1869, the GN Group today has more than 5,500 employees and is listed on Nasdaq Copenhagen (GN.CO).

Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and Twitter.

Attachment

Stingray and Singing Machine Release Update to the Karaoke Mobile App for iOS

Tue, 12/06/2018 - 18:30

New features include a weekly in-app subscription, curated party mixes, and song queue

Montreal, Quebec and Fort Lauderdale, FL. , June 12, 2018 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (OTCQX: SMDM), the North American leader in consumer karaoke products and most recognized brand in home karaoke hardware, recently released an updated version of Singing Machine Mobile Karaoke for iOS compatible with Singing Machine products with Bluetooth® audio and Stingray (TSX: RAY. A; RAY. B), a leading multiplatform music and video services provider.

This update follows the December 2017 release of a new version of the Singing Machine Mobile Karaoke app for Android.

New Features

The updated new mobile app makes singing karaoke at home or on the go more fun than ever thanks to new features, Stingray’s vast library of licensed karaoke songs, and Singing Machine’s karaoke systems.

· Fresh new layout for easier navigation including beautiful and fun category graphics

· Easy-to-read scrolling lyrics, song queue and curated party mixes

· Karaoke music can be amplified by activating Bluetooth® and pairing an iPhone or iPad to any Bluetooth® compatible Singing Machine*, offering a richer, more amplified sound experience

Available for both Apple and Android devices, The Singing Machine Mobile Karaoke app, in partnership with Stingray Karaoke, is free to download from the App Stores and offers complimentary songs.

The entire song catalog of more than 14,000** songs is accessible with an in-app subscription of either US$9.99 weekly or US$14.99 monthly. Current customers are encouraged to update the app on their devices. Customers who purchase individual songs from the Karaoke Store may play their purchased songs on the new mobile app.

Product Highlights

· More than 14,000** songs from today and decades past in a number of languages and genres including pop, rock, R&B/hip-hop, Disney, country, Latin, and more

· Songs in the style of today's top-charting artists such as Alessia Cara, Shawn Mendes, One Direction, Taylor Swift, Justin Bieber, Adele, and more

· Songs in the style of yesterday's legends including Elvis, The Beatles, Bon Jovi, Queen, ABBA, and more

· Browse most popular songs, recent additions, and song charts or search by title, artist or lyrics

· Selection of pre-made party mixes in a variety of themes including “Party Time”, “Karaoke #Hits”, “Disco Party”, “Totally 80s”, and more to start singing karaoke quickly

· Queue up to 100 songs to keep the party going

· Sing along to songs with or without lead vocal (when available)

· Save favorite songs for easy access and view history of songs sung

· High-quality karaoke videos streamed over your mobile network or Wi-Fi to your Android device. Switch to lyrics on black to save on bandwidth costs.

· Songs added regularly

 Quotes

“We are thrilled to introduce a new version of the karaoke mobile app,” said Mathieu Péloquin, Senior Vice-President, Marketing and Communications of Stingray. “The new design is fun and easy, just as a karaoke service should be. As we pursue our partnership with Singing Machine, we are happy to add new features like the song queue and party mixes to the iOS mobile app. We will also continue to license new karaoke songs in the style of today’s top-charting artists and yesterday’s legends to guarantee hours of fun for singers of all ages are sure to have hours of fun.”

“Following the release of an updated app for Android last December, today we are pleased to offer this new version of the karaoke app to our Singing Machine customers with iPhones and iPads,” said Gary Atkinson, CEO of the Singing Machine Company. “We think our customers will love the new design and improved interface and we expect customer engagement will improve as a result of the new upgrade. We’re happy that our customers have access to the best karaoke library available through our partnership with Stingray.”

To download press images: https://brandfolder.com/latest-news/update-to-the-karaoke-mobile-app-for-ios

* Only audio is transmitted to the karaoke machine via Bluetooth®. The lyrics are displayed on mobile devices and tablets, not on the karaoke system’s built-in monitor.

**Number of songs varies by territory.

About Stingray

Stingray (TSX: RAY.A; RAY.B) is the world-leading provider of multiplatform music and video services, and digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, consumers, and more. Stingray’s services include audio television channels, premium television channels, 4K UHD television channels, karaoke products, digital signage, in-store music, music apps, and more. Geared towards individuals and businesses alike, Stingray reaches 400 million subscribers (or users) in 156 countries and its mobile apps have been downloaded over 90 million times. Stingray is headquartered in Montreal and currently has close to 350 employees worldwide. For more information: www.stingray.com.

About The Singing Machine

Based in the U.S., Singing Machine® is the North American leader in consumer karaoke products. The first to provide karaoke systems for home entertainment in the United States, the Company sells its products worldwide through major mass merchandisers and on-line retailers. We offer the industry's widest line of at-home karaoke entertainment products, which allow consumers to find a machine that suits their needs and skill level. As the most recognized brand in karaoke, Singing Machine products incorporate the latest technology for singing practice, music listening, entertainment and social sharing. The Singing Machine provides consumers the best warranties in the industry and through its partnership with Stingray, access to more than 13,000 songs for streaming and download. Singing Machine products are sold through most major retailers in North America and also internationally. See www.singingmachine.com for more details.

CONTACT: Contacts: Stingray Mathieu Péloquin Senior Vice-President, Marketing and Communications 1 514-664-1244, ext. 2362 mpeloquin@stingray.com The Singing Machine Brendan Hopkins (407) 645-5295 investors@singingmachine.com www.singingmachine.com/investors

Transactions in relation to share buyback program

Tue, 12/06/2018 - 14:59

Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on May 2, 2018, in accordance with article 5 of the regulation (EU) no. 596/2014 of 16 April 2014 on market abuse and the delegated regulation (EU) no. 2016/1052 of 8 March 2016, also referred to as the Safe Harbor rules (company announcement no. 15 of May 2, 2018).

The share buyback program has been initiated in order to reduce the company’s share capital and to cover obligations under the long-term incentive program. Under the share buyback program, which runs from May 2, 2018 and will end no later than March 14, 2019, GN intends to buy back shares for an amount of up to DKK 1,000 million.

The following transactions have been made under the program in the period June 5, 2018 – June 11, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKKJune 6, 201826,500251.206,656,869June 7, 201833,290250.758,347,408June 8, 201849,919245.8612,273,180June 11, 201825,000247.806,195,035Accumulated under the program629,985243.55153,435,699

Following the above transactions GN holds a total of 11,381,468 own shares corresponding to a nominal value of DKK 45,525,872 and 7.8% of the total share capital and the total voting rights in the company. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

For further information, please contact:

Investors and analysts
Peter Justesen
VP – Investor Relations & Treasury
Tel: +45 45 75 87 16

Or

Rune Sandager
Senior Investor Relations Manager
Tel: +45 45 75 92 57


Press and the media
Lars Otto Andersen-Lange
Group Media Manager
Tel: +45 45 75 02 55


About GN Group
The GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. With our unique competencies within medical, professional and consumer audio solutions, we transform lives through the power of sound: Hearing aids that enhance the lives of people with hearing loss; integrated headset and communications solutions that assist professionals in all types of businesses to be more productive; wireless headsets and earbuds designed to support calls, music and media consumption.

With world leading expertise in the human ear, sound, wireless technology and miniaturization, GN’s innovative and intelligent audio solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and Blueparrott in 100 countries across the world. Founded in 1869, the GN Group today has more than 5,500 employees and is listed on Nasdaq Copenhagen (GN.CO).

Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and Twitter.

Attachments

E3 Attendees Get High on Digital Psychedelics

Mon, 11/06/2018 - 17:30

Game Designer & Techno-Mystic Robin Arnott Takes Entertainment into the World of Transcendent Technologies with Launch of Publisher Orpheus Technolodelics

First-Out VR and App Titles Include SoundSelf, MicroDose VR and Breathscape

LOS ANGELES, June 11, 2018 (GLOBE NEWSWIRE) -- Electronic Entertainment Expo (E3) -- Game developers are turning their talents toward expanding consciousness and wellness through virtual reality and mobile apps.  For this year’s E3, new publishing label Orpheus Technodelics launches with digital experiences that package transcendent healing into entertainment technologies. First-out titles include SoundSelf, MicroDose VR and Breathscape to be released between 2018 and 2019.

In 1990, Terence McKenna said, “The computers of the future will be drugs. The drugs of the future will be computers.” With today's technology and advancements in neuroscience, psychedelics for the mainstream are having a resurgence. Orpheus Technodelics CEO and Game Designer Robin Arnott wants to seed transcendence into mainstream culture.

"Do not doubt the power of videogames. The way people look at a screen when they are completely invested in an experience is a testament to the power of this tool,” said Arnott.  “Crafting digital experiences out of what we’ve learned from neuroscience with the goal of deeper consciousness and mindfulness can play a significant role in improving emotional and cognitive states.   Ours are the tools of transcendence.”

First-out titles are all from visionaries who share the goal of designing titles that are both videogames and psychedelics:

  • SoundSelf: SoundSelf is an ecstatic meditation experience designed for VR. The first true digital entheogen, SoundSelf doesn't use a traditional controller - instead it listens to your breath and voice. Each vocalized tone navigates you through strobing tunnels-of-light, impossible geometric forms, and into a meditative trance. The result is an elegant symmetry of image, sound and body that takes advantage of loopholes in the way you perceive to facilitate a new experience of yourself and your world. SoundSelf will support PSVR, Oculus Rift and Vive. Beta access is available right now to Oculus and Vive users.
     
  • MicroDose VR: Developed by global art sensation, Android Jones, MicroDose VR is the gateway drug to your creative spirit.  It combines dance, music and audio reactive visuals into a new medium where your experience is the art.  Use MicroDose VR for fun, therapy, personal therapy and/or VJing.  MicroDose VR is currently made for PCs to be experienced on HTC Vive and Oculus Rift with Touch Controllers.
     
  • Breathscape: Designed by AuraLab co-founders Ben Collins and Robert Alexander (formerly of NASA / Design Science PhD), Breathscape is a gorgeous breath-controlled experience that promotes meditation, relaxation, and altered states of consciousness through auditory biofeedback.  Using only a smartphone, the app measures the user’s respiratory rhythm and algorithmically generates guided meditation over a tapestry of soothing sound that ebbs and flows with the breath in real time.

“One of the most exciting potentials for Virtual Reality is that it helps us connect deeply to the nature of our consciousness and awareness of being. VR is like training wheels for helping us become more present, and it blazes new neural pathways into our mind changing the way we perceive reality,” said Kent Bye, producer and host, Voices of VR Podcast. “I’m excited to see Robin Arnott start Orpheus Technodelics in order to curate and shine a spotlight on mindful and contemplative experiences If VR is able to help us tap into new latent human potentials, then I’d expect that it would be distributed by Orpheus.”

“Videogames are an incredibly powerful tool for shaping a person’s consciousness,” said Arnott. But the industry has used games as a means of escape instead of as a means of introspection and intimacy with self. We have an opportunity to flip the distraction into a healing interaction. As Western art and culture grows to embrace the tides of mindfulness, our tools have to evolve. Can a videogame give you an experience of stillness? Of the transcendence of self? Of samadhi? Absolutely. And we’re just at the beginning.”

At E3, Orpheus Technodelics will be at Good Shepherd Entertainment’s Indie Heaven (a fantastic gathering of independent games and game makers from June 12-14 at Don Chente DTLA - 1248 S. Figueroa St.).  The space is directly across the street from the Los Angeles Convention Center and adjacent to the legendary Devolver Lot. Demos and interviews are available by appointment only.

About Orpheus Technodelics
Orpheus Technodelics was founded by Robin Arnott, game designer, techno-mystic and entrepreneur, to take entertainment into the world of transcendent technologies. Orpheus Technodelics publishes psychoactive digital experiences that harness the power of mindfulness and gaming, and connect them to neuroscience and emerging markets. For more information on Orpheus Technodelics, Robin Arnott, our logo & relevant media visit us here. View Arnott’s TEDx talk here. Follow us on Twitter, Facebook and on the web at orpheustechnodelics.com.

Media Contact:
Audrey Mann Cronin
Mann Cronin PR
audrey@manncroninpr.com
914-260-9651

Zumiez Announces Participation in the William Blair 38th Annual Growth Stock Conference

Sat, 09/06/2018 - 01:30

LYNNWOOD, Wash., June 08, 2018 (GLOBE NEWSWIRE) -- Zumiez Inc. (NASDAQ:ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today announced that management will present at the William Blair 38th Annual Growth Stock Conference in Chicago, IL. The presentation is scheduled for Tuesday, June 12, 2018 at 10:10 am Central Time.  The live webcast can be accessed via the investor relations page of Zumiez website at http://ir.zumiez.com.  To listen to the live webcast, visit the Zumiez website at least 10 minutes in advance to download and install any necessary audio software.

About Zumiez Inc.

Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of June 2, 2018 we operated 700 stores, including 608 in the United States, 50 in Canada, 35 in Europe and 7 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at zumiez.com, blue-tomato.com and fasttimes.com.au

Company Contact:
Darin White
Director of Finance &
Investor Relations
Zumiez Inc.
(425) 551-1500, ext. 1337

Investor Contact:
ICR
Brendon Frey
(203) 682-8200

SAE Institute Nashville Launches Energy Groove Radio Station

Thu, 07/06/2018 - 18:30

The 24/7 radio station based out of SAE Institute's Nashville campus will air music from major commercial artists, live students broadcasts, and interviews with special in-house guests.

Nashville, TN, June 07, 2018 (GLOBE NEWSWIRE) -- SAE Institute, a global leader in creative media education, announces the launch of Energy Groove Radio, a 24/7 broadcast playing a mix of music and programming from commercial artists and SAE Institute students, at its campus in Nashville, Tennessee.

Energy Groove Nashville, which debuted on May 25, 2018, will soon launch a series of segments on their station that will include interviews with special in-house guests, live student broadcasts, and student-led podcasts covering hot topics in the Nashville music and entertainment scene. Meanwhile, the broadcast remains on-air 24 hours a day playing music from major commercial artists.

The in-house radio station will offer students another opportunity to learn hands-on with professional grade equipment to supplement their studies in audio and the entertainment business industry. 

“SAE Institute Nashville is excited to be chosen as the location for Energy Groove's latest U.S. radio station,” says Lynn Dorton, Campus Director. “Adding this station to our campus resources fits perfectly with our updated Entertainment Business and Audio curriculum, and it will give our students meaningful opportunities to create content and contribute to the success of this Nashville-based Energy Groove station.”

Energy Groove has grown from a single station in 2009 to a network of seven stations housed in SAE Institute locations across the globe. The broadcast is available for free through energy-groove.com, Apple’s iTunes Radio, TuneIn, and download the mobile application for iOS and Android devices.

 

About SAE Institute
SAE Institute provides aspiring creative media professionals with a foundation of practical theory and valuable hands-on training in their chosen areas of concentration. Under the guidance of industry-experienced faculty, students gain the essential experience they need for entry-level jobs in the creative media industry. Students are supported in their job searches by SAE Institute’s international network of alumni, many of who are leaders in the music, film, game arts, and live performance arenas. SAE Institute offers accredited programs in Audio, Animation, Film, Games, and Music Business focused on preparing students for employment in the creative media industry upon graduation. SAE Expression College is a subsidiary of SAE Institute Group, Inc., which is a part of Navitas LTD. Learn more at usa.sae.edu.

About Navitas
Navitas is an Australian global education leader, providing pre-university and university programs, English language courses, migrant education and settlement services, creative media education, student recruitment, professional development, and corporate training services to more than 80,000 students across a network of over 120 colleges and campuses in 31 countries. Learn more at Navitas.com.

Attachment

CONTACT: Jeffrey Baker SAE Institute North America 646-355-1804 j.baker@sae.edu

Stingray Reports Fourth Quarter 2018 Results

Thu, 07/06/2018 - 16:30

Q4 Adjusted EBITDA margin reaches 36% and organic growth at 9%

Fourth Quarter Highlights

  • Acquisition of Newfoundland Capital Corporation Limited (TSX:NCC.A) (TSX:NCC.B), subsequent to the quarter
  • Revenues increased 24.7% to $33.0 million
  • Recurring revenues of $29.7 million or 89.8% of total revenues, an increase of 30.8%
  • Adjusted EBITDA(1) up 29.9% to $11.8 million, or 35.6% of total revenues
  • Net income of $4.7 million or $0.08 per share (diluted) compared to $4.6 million or $0.09 per share (diluted) last year
  • Adjusted Net income(2) of $9.7 million or $0.17 per share (diluted) compared to $10.5 million or $0.20 per share (diluted) last year
  • Cash flow from operating activities of $10.7 million compared to $10.8 million last year
  • Adjusted free cash flow(3) of $11.1 million, an increase of 38.5%
  • Quarterly dividend of $0.055 per share
  • Subscription video on demand (“SVOD”) subscribers reach 348,000 in fourth quarter

Full Year Highlights

  • Revenues increased 25.1% to a record $127.0 million
  • Recurring revenues of $108.8 million or 85.7% of total revenues, an increase of 24.2%
  • Adjusted EBITDA(1) increased 22.6% to $41.5 million
  • Cash flow from operating activities of $19.4 million compared to $22.8 million last year
  • Adjusted free cash flow(3) of $33.2 million, an increase of 25.2%
  • Net income of $2.3 million or $0.04 per share (diluted) compared to $10.7 million or $0.21 per share (diluted) last year
  • Adjusted Net income(2) of $26.9 million or $0.50 per share (diluted) compared to $27.3 million or $0.53 per share (diluted) last year
  • Annualized dividend(4) increased 22.2% to $0.22 per share

MONTREAL, June 07, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (TSX:RAY.A) (TSX:RAY.B) (the “Corporation”; “Stingray”), a leading business-to-business multi-platform music and in-store media solutions provider, today announced its financial results for the fourth quarter and fiscal year ended March 31, 2018.

Financial Highlights
(in thousands of dollars, except per share data)Three months ended
March 31Twelve months ended
March 31
 20182017%20182017%Revenues33,03826,50224.7 126,953101,50125.1 Recurring revenues29,67422,68330.8 108,83087,61224.2 Adjusted EBITDA(1)11,7529,04629.9 41,52433,86422.6 Net income4,6744,6081.4 2,29610,717(78.6)Per share – diluted ($)0.080.09(11.1)0.040.21(81.0)Adjusted Net income(2)9,73210,534(7.6)26,85827,310(1.7)Per share – diluted ($)0.170.20(15.0)0.500.53(5.7)Cash flow from operating activities10,67510,826(1.4)19,38522,766(14.9)Adjusted free cash flow(3)11,0667,99138.5 33,18126,51125.2 


(1)Adjusted EBITDA is a non-IFRS measure and is defined as net income before net finance expense, change in fair value of investments, income taxes, depreciation, amortization and write-off, share-based compensation, restricted, performance and deferred share unit expenses, acquisition, legal, restructuring and other various costs.(2)Adjusted Net income is a non-IFRS measure and is defined as net income before amortization of intangible assets, share-based compensation, change in fair value of investments, restricted, performance and deferred share unit expenses, acquisition, legal, restructuring and other various costs, net of related income taxes.(3)Adjusted free cash flow is a non-IFRS measure and is defined as cash flow from operating activities less capital expenditures for property and equipment and separately acquired intangible assets, net change in non-cash working capital items, acquisition, legal, restructuring and other various costs.(4)Annualized dividend represents the amount of the last declared dividend times four quarters.

“Our third year as a public company further highlighted the strength and solid execution of our business model. All key financial metrics were in line or surpassed our expectations, with growth well above 20% on a year-over-year basis. In addition, organic growth for the year and the fourth quarter was a very solid 9%. Finally, our capacity to generate solid free cash flow has allowed us to increase the annualized dividend per share by 22% as compared to the previous year” said Eric Boyko, President, CEO, and Co-Founder of Stingray.

“Furthermore, we recently announced the acquisition of Newfoundland Capital Corporation Limited (“NCC”). This will be by far the largest transaction in our history, with a total value of over $500 million. We have conducted 35 acquisitions in 10 years, always following a disciplined approach and executing a well planned acquisition roadmap. We have a track record of identifying sales and operational synergies and being able to achieve them – and more.  After only a decade in operation, we are extremely proud to become Canada’s largest public independent media company. It should be noted that the transaction is subject to Canadian Radio-Television and Telecommunications Commission (“CRTC”) approval.  

“Considering the pending acquisition of NCC and the solid momentum in our existing business, we see plenty of runway to create significant value for our shareholders over the next few years,” concluded Mr. Boyko.

Fourth Quarter Results
Revenues increased 24.7% to $33.0 million in the fourth quarter of 2018, compared to $26.5 million a year ago. The increase was primarily due to the acquisition of Yokee Music Limited (“Yokee Music”), Qello Concerts LLC (“Qello Concerts”), Satellite Music Australia PTY Ltd (“SMA”) and SBA Music PTY Ltd (“SBA”), combined with organic growth of SVOD services in the U.S.

Recurring revenues were up 30.8% to $29.7 million in the fourth quarter over the same period last year and increased to 89.8% of total revenues for the quarter, compared to 85.6% of total revenues last year. For the quarter, Canadian revenues decreased 2.6% to $13.6 million (41.3% of total revenues) due to decrease in non-recurring revenues related to digital signage, United States revenues increased 102.2% to $7.8 million (23.5% of total revenues), whereas revenues in Other Countries increased by 34.4% to $11.6 million (35.2% of total revenues).

Music Broadcasting revenues increased 26.0% to $24.8 million, mainly due to the acquisition of Yokee Music and Qello concerts, as well as organic growth in the U.S. market, primarily related to SVOD services. Commercial Music revenues rose 20.9% to $8.2 million, mainly due to the acquisition of SMA and SBA.

Adjusted EBITDA for the fourth quarter increased to $11.8 million or 35.6% of revenues, compared to $9.0 million or 34.1% of revenues a year earlier. The 29.9% increase in Adjusted EBITDA was primarily due to the acquisitions realized in Fiscal 2018 and to the organic growth, partially offset by higher operating expenses related to international expansion.

For the fourth quarter, the Corporation reported a net income of $4.7 million, or $0.08 per share (diluted), compared to $4.6 million, or $0.09 per share (diluted) for the same period last year. The increase was mainly attributable to higher operating results and net finance income, as well as lower legal fees, partially offset by lower income tax recovery and higher amortization expense.

Adjusted Net income was $9.7 million, or $0.17 per share (diluted), compared to $10.5 million, or $0.20 per share (diluted) a year ago, as lower income net tax recovery was partially offset by higher Adjusted EBITDA and net finance income.

Cash flow from operating activities decreased to $10.7 million in the fourth quarter of 2018, versus $10.8 million a year earlier. Adjusted free cash flow increased to $11.1 million, from $8.0 million for the same period a year ago.

As of March 31, 2018, the Corporation had cash and cash equivalents of $3.4 million and a revolving credit facility of $100 million, of which approximately $61.4 million was unused.

Year-End Results
Revenues in Fiscal 2018 increased 25.1% to $127.0 million compared to $101.5 million a year ago. The increase in revenues was primarily due to the acquisitions of Yokee Music, Classica and Qello Concerts, combined with organic growth of SVOD in the U.S., as well as additional music and equipment sales related to digital signage.

Adjusted EBITDA increased 22.6% to $41.5 million from $33.9 million in Fiscal 2017. The increase was primarily due to acquisitions realized in Fiscal 2018 and to organic growth, partially offset by higher operating expenses related to international expansion.

Adjusted Net income in Fiscal 2018 decreased 1.7% to $26.9 million, or $0.50 per share (diluted), compared to $27.3 million, or $0.53 per share (diluted) a year ago.

Declaration of Dividend
On March 29, 2018, the Corporation declared a dividend of $0.055 per subordinate voting share, variable subordinate voting share and multiple voting share. The dividend will be payable on or around June 15, 2018 to shareholders on record as of May 31, 2018.

The Corporation’s dividend policy is at the discretion of the Board of Directors and may vary depending upon, among other things, our available cash flow, results of operations, financial condition, business growth opportunities and other factors that the Board of Directors may deem relevant.

The dividends paid are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any corresponding provisions of provincial and territorial tax legislation.

Additional Business Highlights
On May 2, 2018, the Corporation announced that it had entered into a definitive agreement with NCC pursuant to which the Corporation will acquire all of NCC’s issued and outstanding shares for $14.75 per NCC share, representing a total consideration of approximately $506.0 million including net debt of approximately $112 million.

On January 24, 2018, the CRTC approved the applications by the Corporation for broadcasting licences to operate the national English-language discretionary music video services Stingray Juicebox, Stingray Loud, Stingray Retro and Stingray Vibe.

On January 3, 2018, the Corporation announced that it had acquired certain assets of New-York based Qello Concerts, the world's leading over-the-top streaming service for full-length, on-demand concerts and music documentaries for a total consideration of US$12.1 million ($15.2 million).

Conference Call
The Corporation will hold a conference call to discuss these results on Thursday, June 7, 2018, at 10:00 AM (ET). Interested parties can join the call by dialing 647-788-4922 (Toronto) or 1-877-223-4471 (toll free). If you are unable to call at this time, you may access a tape recording of the conference call by dialing 416-621-4642 (Toronto) or 1-800-585-8367 (toll free) followed by access code: 1387128. This tape recording will be available until July 7, 2018.

About Stingray
Stingray (TSX:RAY.A) (TSX:RAY.B) is the world-leading provider of multiplatform music services and digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, and more. Stingray's services include audio television channels, premium television channels, 4K UHD television channels, karaoke products, digital signage, in-store music, music apps, and more. Geared towards individuals and businesses alike, Stingray reaches 400 million subscribers (or households) in 156 countries and its mobile apps have been downloaded over 90 million times. Stingray is headquartered in Montreal and currently has close to 400 employees worldwide. For more information: www.stingray.com.

Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities law. Such forward-looking information includes, but is not limited to, information with respect to Stingray's goals, beliefs, plans, expectations, anticipations, estimates and intentions. Forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", and "continue", or the negative of these terms and similar terminology, including references to assumptions. Please note, however, that not all forward-looking information contains these terms and phrases. Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Stingray's control. These risks and uncertainties could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors identified in Stingray's Annual Information Form for the year ended March 31, 2018, which is available on SEDAR at www.sedar.com. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that Stingray anticipates will be realized or, even if substantially realized, that they will have the expected consequences or effects on Stingray's business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein is provided as of the date hereof, and Stingray does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

Non-IFRS Measures
The Corporation believes that Adjusted EBITDA and Adjusted EBITDA margin are important measures when analyzing its operating profitability without being influenced by financing decisions, non-cash items and income taxes strategies. Comparison with peers is also easier as companies rarely have the same capital and financing structure. The Corporation believes that Adjusted net income and Adjusted net income per share are important measures as it demonstrates its core bottom-line profitability. The Corporation believes that Adjusted free cash flow is an important measure when assessing the amount of cash generated after accounting for capital expenditures and non-core charges. It demonstrates cash available to make business acquisitions, pay dividend and reduce debt. The Corporation believes that Net debt and Net debt to Adjusted EBITDA are important measures when analyzing the significance of debt on the Corporation’s statement of financial position. Each of these non-IFRS financial measures is not an earnings or cash flow measure recognized by IFRS and does not have a standardized meaning prescribed by IFRS.

Our method of calculating such financial measures may differ from the methods used by other issuers and, accordingly, our definition of these non-IFRS financial measures may not be comparable to similar measures presented by other issuers. Investors are cautioned that non-IFRS financial measures should not be construed as an alternative to net income determined in accordance with IFRS as indicators of our performance or to cash flows from operating activities as measures of liquidity and cash flows.

Adjusted EBITDA and Adjusted Net income reconciliation to Net income

 Quarters ended March 31Years ended March 31(in thousands of Canadian dollars)2018
Q4 20182017
Q4 20172018
Fiscal 20182017
Fiscal 2017Net income4,674 4,608 2,296 10,717 Net finance expense (income)(378)1,006 3,174 2,036 Change in fair value of investments(421)334 600 (408)Income tax recovery(385)(5,201)(13)(3,596)Depreciation and write-off of property and equipment1,019 724 3,062 2,418 Amortization of intangible assets4,594 3,895 18,225 14,750 Share-based compensation473 372 1,325 1,332 Restricted, performance and deferred share unit        expense780 688 2,224 2,008 Acquisition, legal fees, restructuring and other various        costs1,396 2,620 10,631 4,607 Adjusted EBITDA11,752 9,046 41,524 33,864 Net finance expense (income)378 (1,006)(3,174)(2,036)Income tax recovery385 5,201 13 3,596 Depreciation of property and equipment and write-off(1,019)(724)(3,062)(2,418)Income taxes related to change in fair value of        investments, share-based compensation, restricted,
performance and deferred share unit expenses,
amortization of intangible assets and acquisition,
legal fees, restructuring and other various costs(1,764)(1,983)(8,443)(5,696)Adjusted Net income9,732 10,534 26, 858 27,310      

Adjusted free cash flow reconciliation to Cash flow from operating activities

 Quarters ended March 31Years ended March 31(in thousands of Canadian dollars)2018
Q4 20182017
Q4 20172018
Q4 20182017
Q4 2017Cash flow from operating activities10,675 10,826 19,385 22,766 Add / Less :    Capital expenditures, excluding equipment for leasing        purpose(2,418)(522)(8,962)(3,233)Net change in non-cash operating capital items1,413 (4,933)12,127 2,371 Acquisition, legal fees, restructuring and other various        costs1,396 2,620 10,631 4,607 Adjusted free cash flow11,066 7,991 33,181 26,511 

Note to readers: Condensed interim consolidated financial statements and Management’s Discussion & Analysis of Operating Results and Financial Position are available on the Corporation’s website at www.stingray.com and on SEDAR at www.sedar.com.

Contact information:

Mathieu Péloquin
Senior Vice-President, Marketing and Communications
Stingray
(514) 664-1244, ext. 2362
mpeloquin@stingray.com

Williamsville Sears Signs an LOI to Acquire a Canadian Entertainment Company

Thu, 07/06/2018 - 00:09

NEW YORK, June 06, 2018 (GLOBE NEWSWIRE) -- Williamsville Sears Management Inc. (OTC Pink:WSML) (“WSML” or the “Company”) is pleased to announce that it has signed a Letter of Intent (the "LOI") for the acquisition of Buds Entertainment Inc., a Canadian Entertainment Group, in an all stock transaction subject to the approval by both companies of definitive documents and the achievement of certain other milestones. 

The acquisition anticipated by the LOI is the result of a process initiated following WSML's strategic review announced a few months ago.  If consummated, WSML will own 100% of the outstanding shares of Buds Entertainment Inc. The due diligence process will begin immediately. Buds Entertainment’s primary focus is in film and music production and the link below leads to their main hip hop artist’s music videos.
 https://www.youtube.com/user/MitchellBaileyVEVO/videos

Kent Clark, Chairman & CEO of Williamsville Sears Management Inc., stated, “Today we announce Buds Entertainment Inc. joining the WSML portfolio. Mickey Freeman and his group join us with some of the best and hottest talent in the industry today. We wanted to appeal to a market group spanning across generational and diverse cultures globally. We felt that Buds Entertainment helped our diverse portfolio. We are constantly engaging prominent industry leaders and artists, bringing in the valuable resources and support we need for long-term success. We look forward, as a Team, to taking this great next step with Buds Entertainment Inc. and the WSML Family of Subsidiaries and our Shareholders.”

Mickey Freeman, President of Buds Entertainment Inc., stated, “This is an incredible and unique opportunity for Buds Entertainment and we would like to thank Williamsville Sears Management for their interest as they continue to grow their diversified portfolio. Our young team remains at the forefront of entertainment market trends and are inspired to deliver strong returns for all shareholders. This youthful energy will propel the team forward as we enter the next chapter with Williamsville.”

About Williamsville Sears Management Inc.

Williamsville Sears Management is a diversified holding corporation that was formed by Mandla J. Gwadiso. The group operates its own assets through a range of subsidiary companies under its purview. The group’s primary focus is in real estate, mining, media, transportation, entertainment and technology. The group uses vertical integration as a strategy of diversification and growth. The group plans to grow through acquisitions in Africa, United Kingdom and the United States.

Williamsville Sears Management actively seeks a select portfolio of high-calibre strategic subsidiaries which it acquires based on market trends and their ability to deliver strong returns to shareholders whilst enhancing the communities in which the investments are located. http://www.williamsville.us/

About Buds Entertainment Inc.

Buds Entertainment, incorporated in Nova Scotia, Canada, was founded by self-taught youth who aspire to make their mark in the entertainment industry despite being located in rural, economically depressed communities. Our diverse services include, but are not limited to, music, video production, audio engineering and production.  Since inception our young team has participated in activities in Canada, the USA and Africa. As a result, our artists have established a reputation locally and globally for achieving distinguished success in their respective fields.

Forward-Looking Information: 

Cautionary Note:
The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.

For more information:
Catherine Lourens
info@dumbopr.com

Avid Partners Deliver Live Immersive Audio for Avid VENUE | S6L 

Wed, 06/06/2018 - 21:15

d&b audiotechnik, L-Acoustics and Flux:: have integrated their solutions with Avid VENUE | S6L to create the most streamlined workflow for mixing live immersive audio

LAS VEGAS, June 06, 2018 (GLOBE NEWSWIRE) -- InfoComm (Booth #C647) -- Avid® (Nasdaq:AVID), the leading technology provider of software tools and platforms that power the media and entertainment industry, today announced that development partners Flux::, d&b audiotechnik and L-Acoustics have each integrated their immersive sound processing solutions with the award-winning Avid VENUE™ | S6L live sound system. Each company has developed an AAX DSP plug-in that runs natively on the Avid VENUE | S6L to provide deep tactile control and software integration of their respective systems from the S6L surface and VENUE software, giving engineers intuitive, hands-on control over all surround parameters to deliver the most immersive and engaging audio experience possible. At InfoComm, Avid will demonstrate the deep integration and power of S6L controlling each company’s immersive sound processor—SPAT Revolution from Flux::, d&b audiotechnik’s Soundscape and L-Acoustic’s L-ISA — at the Avid booth #C647.

“With more tours and musicals using immersive audio and surround sound to engage audiences, live sound engineers need an easy, intuitive way to manage the added layer of complexity this brings to the audio space,” said Al McKinna, Director of Live System Product Management at Avid. “These new plug-ins from Avid’s development partners provide the most elegant, integrated and streamlined solution for immersive mixing, giving users hands-on control of immersive audio solutions and access to powerful new tools for mixing in these new formats.” 

A longtime Avid partner, Flux:: develops innovative audio software tools and plug-ins that are used by sound engineers and producers for professional audio, broadcast, post production and mastering. Its SPAT Revolution is a real-time 3D audio mixing engine that runs on a Windows or Mac workstation, allowing users to control the position of audio sources in a 3D environment. Using the SPAT plug-in for S6L, engineers can use S6L’s array of surface knobs and software snapshots to control the surround parameters for each channel, allowing users to send audio to various amplifiers, speakers or headphones, or export the result as audio stems. Because SPAT is not tied to a specific output format, engineers can easily move to a different loudspeaker environment while keeping the integrity of the immersive creation by simply transcoding to the new speaker setup.

"SPAT provides mixing engineers a unique experience to integrate multichannel surround or immersive 3D audio environments into their workflow,” said Gaël Martinet, Founder and CEO of Flux::. “The ability to control and automate audio sources in the space straight from your beloved S6L audio mixing system is a dream come true for every sound designer.”

d&b audiotechnik manufactures high-quality loud speaker systems for speech, music reproduction and sound reinforcement. The d&b Soundscape toolkit combines loudspeaker systems and state-of-the-art processing systems with object-based mixing and sophisticated room emulation to create a holistic, immersive sound experience. The Soundscape plug-in for S6L interacts directly with d&b’s DS100 Signal Engine and R1 Remote control software to mix audio to an array of speakers. This creates an unparalleled listening experience for various set ups—from a speaker on a stage to a full concert.

“d&b audiotechnik is delighted to partner with Avid to bring to our customers seamless integration between the S6L console and the sound design capabilities of the d&b Soundscape,” said Georg Stummer, Product Manager, Soundscape, d&b audiotechnik. “The d&b Soundscape plug-in opens up a whole new world of sound creation possibilities without disturbing the workflow, enabling artists and creative technicians to transact their ideas as fast and playfully as they arise."

L-Acoustics is a leading creator of loudspeakers, amplifiers and signal processing devices. Its L-ISA Live ecosystem consists of a comprehensive toolchain that can handle multidimensional audio projects at any stage. With the L-ISA plug-in for S6L, users have access to all ‘source object’ controls, including pan, width, distance and elevation, as well as a designated aux send, and all L-ISA parameters can be stored in the console’s snapshots engine and recalled in the same way as other console parameters. This integration offers many benefits in terms of show portability and live interaction, and the loudspeaker layout can easily be adapted to location changes while maintaining the spatial properties of the mix.In addition to the L-ISA AAX DSP plug-in, L-ISA can also be integrated into industry-leading Pro Tools® via an AAX native plug-in, opening up L-ISA’s 96-input multichannel mixing capabilities in the Pro Tools environment for sound design and other applications.

“The L-ISA Source control AAX DSP plug-in allows engineers to control their L-ISA mix directly from an S6L console,” said Guillaume Le Nost, Director of R&D at L-ISA. “As a result, sound engineers are able to use a familiar workflow and a single interface to manage an object-based mix easily and intuitively, for a variety of loudspeaker configurations, from frontal layouts to surround or 3D.”

Offering unmatched modularity, scalability and flexibility to meet any size production, space, or budget requirement, S6L is the industry’s only live sound platform with 100% software, hardware, and show file compatibility across all system components. With over 300 processing channels, S6L delivers unrelenting performance and reliability through its advanced engine design, backed up by modern touchscreen workflows and the scalability to easily handle large, complex tours and events. Like all Avid VENUE systems, S6L provides seamless Pro Tools integration and on-board industry-standard plug-ins, with higher track counts and more processing power than ever before.

For more information, visit www.avid.com/S6L.

About Avid
Through Avid Everywhere®, Avid delivers the most open and efficient media platform, connecting content creation with collaboration, asset protection, distribution, and consumption. Avid’s preeminent customer community uses Avid’s comprehensive tools and workflow solutions to create, distribute and monetize the most watched, loved and listened to media in the world—from prestigious and award-winning feature films to popular television shows, news programs and televised sporting events, and celebrated music recordings and live concerts. With the most flexible deployment and pricing options, Avid’s industry-leading solutions include Media Composer®, Pro Tools®, Avid NEXIS®, MediaCentral®, iNEWS®, AirSpeed®, Sibelius®, Avid VENUE™, FastServe™, Maestro™, and PlayMaker™. For more information about Avid solutions and services, visit www.avid.com, connect with Avid on FacebookInstagram, TwitterYouTubeLinkedIn, or subscribe to Avid Blogs.

© 2018 Avid Technology, Inc. All rights reserved. Avid, the Avid logo, Avid Everywhere, Avid NEXIS, FastServe, AirSpeed, iNews, Maestro, MediaCentral, Media Composer, PlayMaker, Pro Tools, Avid VENUE, and Sibelius are trademarks or registered trademarks of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. All other trademarks are the property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice.

PR Contact:
Avid
Amy Paladino
amy.paladino@avid.com
+1 617-733-5121

Red Lorry Yellow Lorry (Avid’s PR agency)
Alex Humphries-French – UK
Tanya Roberts – USA
avid@rlyl.com

Honor Dad with New World’s Greatest Wishes™ Father’s Day Cards from American Greetings

Wed, 06/06/2018 - 17:56

Cleveland, OH, June 06, 2018 (GLOBE NEWSWIRE) -- According to the National Retail Federation (NRF), consumers plan to spend a near-record $15.3 billion to celebrate Father’s Day this year. The NRF’s annual Father’s Day survey, conducted by Prosper Insights & Analytics, names greeting cards, clothing and music as some of the most popular types of gifts – so why not present the best-of-the-best with something that covers all the bases? World’s Greatest Wishes™, the newest greeting card invention from American Greetings, honors dad with a musical award he can wear!

This awesome new line of cards features wearable, musical medals that sing high praises to the worthy recipient. Simply press the medallion to trigger audio and complete the accolade. With themed ribbons, unique medals, and light-hearted sentiments, World’s Greatest Wishes is sure to make them feel like a champion. Designs in this collection include a “Best Dad Ever” medal for your #1 fan, a “Stinkin’ Awesome” medal for the most fart-tastic father you know, and a “World’s Best Grandpa” for the champ of gramps.

“The World’s Greatest Wishes collection brings a whole new meaning to recognizing dads on Father’s Day,” said Carol Miller, vice president of corporate innovation at American Greetings. “The removable medal leaves no doubt that he’s in the winner’s circle, and the fun and funny messages will keep him smiling all year long.”

This year marks the 10th anniversary of American Greetings Pipeline of Innovation! As the industry leader in greeting card inventions, we have proudly introduced 180 new greeting card formats under the Inventions™ brand, offering the ultimate selection of exciting, new-to-the-world ways to celebrate birthdays and other happy occasions. Incorporating brand-new twists on technology in cards with carefully written copy and celebratory artwork, the combined effect is the perfect selection of greeting cards that are sure to surprise and delight any recipient. Continue the fun and spread the wow factor of our dynamic greeting card innovations by sharing your pictures, videos and messages on social platforms with the hashtag #BestCardEver.

Consumers can find World’s Greatest Wishes™ cards, in addition to a great selection of inspiring cards from American Greetings, at participating drug chains, grocery stores and mass retailers nationwide, as well as in American Greetings and Carlton Cards retail stores. Those who enjoy sending ecards can share American Greetings cards online from www.americangreetings.com. For more information on American Greetings, visit www.corporate.americangreetings.com. You can also follow American Greetings on Twitter, Facebook, American Greetings blog, YouTube, Pinterest, LinkedIn, Google+ and Instagram

 

About American Greetings

As the leader in meaningful connections, American Greetings is committed to making the world a more thoughtful and caring place. Founded in 1906, the creator and manufacturer of innovative social expression products offers paper cards, digital greetings, gift wrap, party goods and more to help consumers honor the people and moments in life that really matter. The Company's major greeting card brands are American Greetings, Carlton Cards, Gibson, Recycled Paper Greetings and PAPYRUS. AmericanGreetings.com is a go-to destination for connecting, shopping and celebrating with its offering of paper cards, ecards, printables, party supplies and gift wrap along with inspirational content, gift guides, DIY tutorials, a What to Write series, and party planning tips. The 112 year-old Company is headquartered in Cleveland, Ohio, and its products can be found in retail outlets worldwide. For more information, please visit www.corporate.americangreetings.com.

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CONTACT: Megan Baucco American Greetings 216.252.7300 ext. 2841 megan.baucco@amgreetings.com
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