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Top Amazon Echo Show, Dot & Sub Black Friday & Cyber Monday 2018 Deals: Deal Tomato Reviews the Best Echo Smart Home Deals

Mon, 19/11/2018 - 08:30

Black Friday & Cyber Monday Amazon Echo deals are here and sales experts at Deal Tomato are comparing the best deals for 2018.

Amazon Echo Black Friday & Cyber Monday 2018 deals are here. The deals team at Deal Tomato have compared the best Amazon Echo deals across the web and are listing them below.

Top Black Friday & Cyber Monday Amazon Echo deals:

Note: Black Friday & Cyber Monday sales are time limited. Check the Amazon Black Friday & Cyber Monday page for their full range of live deals.

The Amazon Echo is a voice-activated home audio speaker system capable of giving users the flexibility to play music, make to-do lists, set alarms, check traffic and weather conditions, with just the sound of their voice. The lineup of Echo devices includes Echo Show, Echo Spot, Echo Plus, Echo Sub and Echo Dot, which was also released with a kid friendly edition.

In order to identify the best deals for shoppers the team at Deal Tomato research and track the prices of best-selling products online. Click here to check out their full list of Black Friday & Cyber Monday deals on their website.

Forecasts for Black Friday and Cyber Monday 2018 indicate that this year’s online sales will be the biggest since e-commerce records began. The National Retail Federation, a US trade organization, estimates that over 174 million shoppers shopped online or in stores between Thanksgiving and Cyber Monday 2017. This is 10 million more than the same timeframe the previous year.

About Deal Tomato: Deal Tomato monitors and reports on seasonal sales. Deal Tomato participates in affiliate programs including the Amazon Associates program and earns income by providing links to Amazon.com and other websites.

Contact: Andy Mathews (andy@nicelynetwork.com)


Investor Ideas Potcasts Cannabis News and Stocks on the Move:  Interview with Director of CLS Holdings USA, Inc. (OTCQB: CLSH) at Podcaster Row, MJBizCon

Thu, 15/11/2018 - 18:30

POINT ROBERTS, Wash. and LAS VEGAS, Nov. 15, 2018 (GLOBE NEWSWIRE) -- www.Investorideas.com, a global news source covering marijuana and hemp stocks and its cannabis podcast site www.potcasts.ca release today’s special edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.

Reporting from Las Vegas at this year’s biggest MJBizCon show to date, from the first ever Podcasters Row, today’s podcast features an interview with management from CLS Holdings USA, Inc. (OTCQB: CLSH).  Director Andrew Glashow sits down with Investor Ideas to discuss their business model, strategy and how their management team separates them from the pack.

Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2018/111418-Potcasts-OTCQB-CLSH.mp3

Hear Investor ideas cannabis potcast on iTunes  

Director Andrew Glashow said, “For us, the model is to find cannabis entities that are on the cusp or precipice of going from a medicinal only marketplace to a recreational or adult use market.”

Glashow also shares, “States for us that make a lot of sense are Massachusetts and Michigan. We have made a strong push to enter the Massachusetts market.  We have signed up two transactions in that marketplace. Massachusetts represents for us a massive, massive marketplace; we are aiming for, by 2020, for that to represent $150 Million US plus in total revenue.”

Glashow boldly states, “We think we can compete against anybody and we look forward to competing against all of our peers and competitors, as long as there is a level playing field.  We like Massachusetts and Nevada very much because the rules are clearly defined and we intend to play by those rules.”

The leadership team of this company is integral to its success and has been together for over four years. Putting skin in the game so they can relate directly to shareholder value concerns, they have collectively invested $9 million US dollars.

Glashow commenting on that notes, “What’s most important to us is that management not only knows what they are doing today but also have the foresight and the visibility that we share in order to grow this business immensely.”

Cannabis Life Sciences is the developer of a proprietary patent-pending extraction and conversion methodology that has potential to increase both yield and quality of cannabinoid oils extracted from cannabis plants. 

CLS is in the process of expanding its business strategy to include cultivation, production, and retail dispensaries and is currently in the process of acquiring Oasis Cannabis, a Las Vegas-based, vertically integrated cannabis company. The firm is now entering the Massachusetts cannabis market as well. 

Read Bio of Director Andrew Glashow: https://www.clsholdingsinc.com/about/board-of-directors

For additional information, please visit: http://www.clsholdingsinc.com
Twitter: @CLSHusa

Sign up to get the news alerts including the daily podcast and transcript for Investor ideas podcasts    

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Investorideas.com podcasts are also available on iTunes, Spotify, Google Play Music, Stitcher, Spreaker, YouTube via Spreaker, iHeartradio and Tunein.

About MJBizCon: https://mjbizconference.com/vegas/

About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and  sector trends  from Investorideas.com with our news alerts , articles , podcasts and videos  talking about cannabis,  crypto,  technology including  AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change Podcast and  the AI Eye Podcast and column covering developments in AI. 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers.

Disclosure: this podcast is a paid for distribution on Investorideas and social media. Learn more about Investor ideas podcast and news publication services and costs https://www.investorideas.com/News-Upload/

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp.  Disclosure: CSLH is a paid PR, news and social media client of Investorideas.com and is this month’s exclusive sponsor of our daily cannabis potcast.

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894.  Global investors must adhere to regulations of each country.

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Audiology Open for Business in NYC with Hooks into All Programmatic Avenues

Thu, 15/11/2018 - 03:39
  • Digital Audio Platform Already On Board with All Agency Holding Companies, 50+ Data Providers, and Pandora’s AdsWizz Tech Stack
  • Enabling Programmatic Buying in Digital Audio with Better Personalization for Consumers than Online Display

NEW YORK, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Audiology, the leading programmatic audio marketplace, announced today that it has opened its New York City headquarters. With a reach of 140MM unique listeners, the company, which is headed by David Krulewich, SVP, and Head of Programmatic Sales, is operating at scale with multiple clients, agencies and partners to provide data-driven audio solutions that reach highly targeted audiences in an omni-channel media world.

“When you talk about online radio, there have been just two gold nuggets -- Pandora and Spotify. Audiology allows us to break those barriers and lets us access all the mom-and-pop radio people are listening to,” explained David Feman, Vice President, Publicis’ Spark Foundry unit, to MediaPost – which covered Audiology’s launch.

“According to eMarketer, digital audio is now the number one form of mobile media consumption, having surpassed even social media.  And the trend is growing,” said Mr. Krulewich. “If a brand is spending 20 percent of their budget in social media today, they should be spending at least that much in digital audio.”

Audiology’s digital audio supply, which consists of streaming radio, podcasts, on-demand music, news and live sports, can now be streamed on desktop, mobile, and over 120 connected devices. More recently, it has expanded into the world of smart speakers and voice-activated assistants such as Amazon Alexa, Microsoft Cortana and Google Home.

  • While other companies are just now entering this space, Audiology represents multiple offerings for different audio channels. Leveraging the AdsWizz SSP, Audiology’s supply is currently available in multiple DSPs including The Trade Desk, MediaMath, AppNexus, Adobe, RTBiQ and AudioMatic – the first audio centric DSP.

    -- AdWave: The largest digital audio marketplace in the United States whose portfolio includes 25 top audio streaming services, podcasts, and terrestrial radio stations including 7 of the top 10 publishers. Offering an environment that is 100% brand-safe and guaranteed fraud-free, AdWave was built to help programmatic media buyers efficiently execute scalable, data-driven audio campaigns against highly targeted audiences. Covering more than 2,500 premium stations, Audiology enables brands with unprecedented growth opportunities.

    -- Podcasts are the fastest growing form of audio today, reaching 73 million people in the United States every month and Audiology represents the single largest supply of podcast inventory. PodWave contains over 2,000 different programs, including 3 of the top Non-NPR podcasters. PodWave provides media buyers targeted dynamic ad insertion (pre, mid & post roll) allowing for campaigns to run based on the number of impressions served as opposed to downloads or sponsorships, which may lack in scale and measurement.

“The power of audio has always allowed brands to tell their stories and engage with listeners,” said Mr. Krulewich. The rise of programmatic enabled buyers to reach consumers at scale with unsurpassed personalization. By combining the power of audio with programmatic, Audiology enables brands to engage, inform and connect with consumers in a meaningful and efficient way.”

About Audiology
Audiology was established to meet the needs of today’s digital media buyer. Having recognized programmatic as the preferred method of transacting media, we noticed that data driven digital audio components were missing from too many programmatic media plans. That’s why we created Audiology, a company managed by seasoned digital experts to become the center of excellence for programmatic digital audio sales. Audiology’s charter is to educate the programmatic buying community and fill the digital audio gap in programmatic media plans. Working in coordination with Katz Media Group; Audiology is the exclusive programmatic sales rep for the AdWave and PodWave marketplaces, the two largest sources of programmatic audio available today.  For more information, please visit: http://audiology.media

Contact:
Mark Naples
WIT Strategy
mnaples@witstrategy.com
646.265.7372

Binge Smarter with Dolby Dimension

Wed, 14/11/2018 - 19:00

The first wireless headphones perfected for home entertainment

SAN FRANCISCO, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Building on its heritage as an innovator in entertainment technology, Dolby Laboratories, Inc. (NYSE: DLB) is introducing a new way to experience shows, movies, and music with Dolby Dimension — the first wireless headphones perfected for home entertainment.

Streaming services have fundamentally changed the way consumers watch and listen to their entertainment. There is more premium content available than ever before and consumers are accessing it at all times, across multiple devices. 

With Dolby Dimension, consumers can be fully immersed with cinematic sound, while staying connected to their important everyday life moments, all while binge watching their favorite hit series on Netflix, iTunes, or Amazon Prime Video.

Dolby LifeMix is a proprietary new technology central to the Dolby Dimension experience. It allows consumers to control how much they hear of their surroundings — from a perfect blend of their entertainment and life around them (Transparency) to shutting out the world (Active Noise Cancellation).

“Dolby’s true north is uniting the art and science of entertainment, elevating the creators’ ability to tell their stories and enabling consumers to be immersed in spectacular experiences,” said Kevin Yeaman, President and CEO, Dolby Laboratories. “Today we continue that journey with the introduction of Dolby Dimension.”

Dolby Dimension eliminates the days of “volume rodeos” consumers often have in turning the volume up and down so as not to disturb others, and the days of “read watching” with subtitles because the volume is so low consumers can’t hear dialogue. There is no need to watch with one ear cup off or go to a separate room because they want to watch something different from their partner or roommate. Instead, consumers can fully immerse themselves in entertainment whenever they want.

Key Features and Availability

Dolby Dimension introduces an array of revolutionary features:

  • Dolby LifeMix — Gives people the power to control how much they hear of their surroundings, from a perfect blend of their entertainment and life around them to shutting out the world.
  • Cinematic Sound — Dolby brings its longstanding expertise of inventing spectacular sound technologies for the cinema to headphones — sound that makes people feel more immersed in their shows, movies, and music than ever before.
  • One-Touch Switching — Seamlessly switch between screens with ease. Tap one of three Source Buttons on the right earcup to instantly change source devices, whether it’s a Bluetooth-enabled TV, computer, tablet, or phone.

Premium materials, fit and finish, and intuitive touch controls all come together to ensure long-lasting comfort for binge sessions, allowing people to relax and escape for long periods of time with total peace of mind. Custom-designed 40mm acoustic drivers, an advanced microphone array, and proprietary signal processing help consumers immerse themselves in their shows like never before — all while allowing them to stay present where it matters most.

Additionally, the Dolby Dimension app, available for free on iOS and Android platforms, allows people to adjust key features — such as Dolby LifeMix, Virtualization, and Head Tracking — and manage paired devices. The included Power Base gives their Dolby Dimension a home within their home, keeping it charged while not in use and easily accessible for the next binge session. Intuitive Touch Controls on Dolby Dimension let people toggle LifeMix, hit play or pause, adjust volume, go forward or back, activate Siri or Google Assistant, and take calls — all without having to pick up a remote or their source device.

Dolby Dimension will be available for $599 (US) in the United States beginning today at dolby.com. Experience it in select b8ta stores starting December 1st.

Visit Dolby.com to learn what makes Dolby Dimension unlike anything ever heard before.

About Dolby Laboratories
Dolby Laboratories (NYSE: DLB) is based in San Francisco with offices in over 20 countries around the globe. Dolby transforms the science of sight and sound into spectacular experiences. Through innovative research and engineering, we create breakthrough experiences for billions of people worldwide through a collaborative ecosystem spanning artists, businesses, and consumers. The experiences people have — with Dolby Dimension™, Dolby Vision®, Dolby Atmos®, Dolby Cinema™, Dolby Voice®, and Dolby Audio™ — revolutionize entertainment and communications at the cinema, on the go, in the home, and at work.

Dolby ®, Dolby Dimension™, Dolby LifeMix™, and the double-D symbol are among the registered and unregistered trademarks of Dolby Laboratories, Inc. in the Unites States and/or other countries. Other trademarks remain the property of their respective owners. DLB-G

Media Contacts:

Jennifer Bowcock
Dolby Laboratories
Jennifer.Bowcock@dolby.com 
+1-408-768-8221

Natalia Sandin
Dolby Laboratories
Natalia.Sandin@dolby.com 
+1-650-201-8814

A video accompanying this announcement is available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/4d348df9-7b10-4d7b-8470-e1e49371d6dc

Four photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/5d7ad0bd-fd7c-4479-b182-db89eca50854

http://www.globenewswire.com/NewsRoom/AttachmentNg/a97c5a2a-2ae8-4074-a601-632f7fa8fdbe

http://www.globenewswire.com/NewsRoom/AttachmentNg/bedfdc62-d979-40b6-acf1-65734e4f015f

http://www.globenewswire.com/NewsRoom/AttachmentNg/68eec7a0-1f61-4c0b-aac6-4279069098d4

Singing Machine Announces Second Quarter 2019 Earnings Report

Wed, 14/11/2018 - 17:30

FORT LAUDERDALE, Fla., Nov. 14, 2018 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc.  (“Singing Machine” or the “Company”) (OTCQX: SMDM) – the worldwide leader in consumer karaoke products – today announced its financial results for its second quarter ended September 30, 2018.

Second Quarter Snapshot:

  • Net sales of $24.3 million for the quarter ended September 30, 2018.
  • Gross margin of 21.4%.
  • Operating Expenses reduced by 45% compared to the prior year second quarter.
  • Net Income improved by 55% to $1.2 million for the quarter ($0.03 per share).

Singing Machine reports net sales of approximately $24.3 million for the quarter-ended September 30, 2018 period, compared to $32.8 million in the same period last year.    The decrease in net sales from the same period in the prior year was primarily due to the bankruptcy of Toys ‘R’ Us which accounted for approximately $5.4 million of the decrease.

The Company reported gross profit margin of 21.4%.  The decrease in gross margin was mainly due a higher mix of promotional products that shipped in the second quarter compared to the same period last year. Total operating expenses decreased by $2.9 million, from $6.4 million to $3.5 million. The reduction in expenses was primarily due to a reduction in bad debt reserve of approximately $2.2 million and an 18% reduction in general & administrative expenses.

As a result, the Company reported an increase in net profit of $1.2 million ($0.03 per share on a fully diluted basis) compared to approximately $0.78 million in the prior year.

Management Commentary:

Gary Atkinson, Singing Machine CEO, commented, “During the second quarter we continued to see the impact of the liquidation of Toys ‘R’ Us on our business.  We had success launching new, hot products this year, such as the Singing Machine Studio and the new Kids’ Pedestal which won one of Parents Magazine best toys of 2018.  Despite success with these new product launches, we have not yet been able to open up enough new distribution to offset the loss of Toys ‘R’ Us.”

Atkinson added, “While the financials do not yet to reflect a lot of the hard work we are doing year-to-date, we are positioning the Company for future re-growth through diversification outside of our core karaoke lineup and new distribution channels both domestically and abroad.”

Bernardo Melo, VP of Sales & Marketing, commented, “We recently concluded a major toy show in Hong Kong where we debuted our new product lineup for 2019, including our new Kids and core Karaoke lines of products. We saw a highly enthusiastic reception to our Product assortments for 2019.  As we enter the holiday season, look for Singing Machine to continue to be a leader in the category with highly visible holiday promotions, aggressive marketing, and best-in-class product and value offerings at all of our retailers.”

Earnings Call Information:

The Company will host a conference call today, Wednesday, November 14, beginning at 10:00 am Eastern time to discuss these results and answer questions. If you would like to participate on the call, please dial 877-876-9174 and use conference ID: SMDM.

An audio rebroadcast of the call will be available later in the day after the earnings call and can be heard at: www.singingmachine.com/investors.

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 access to over 14,000 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, 2018.  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.

The Singing Machine Company, Inc. and Subsidiaries
CONDENSED CONSOLIDATED BALANCE SHEETS
       September 30, 2018March 31, 2018   (Unaudited)  Assets  Current Assets     Cash$1,754,729 $813,908   Accounts receivable, net of allowances of $368,021 and $82,102 respectively 19,933,354  1,066,839   Accounts receivable related party - Starlight Consumer Electronics USA, Inc. 7,054  7,054   Accounts receivable related party - Cosmo Communications Canada, Inc 567,123  -   Accounts receivable related party - Winglight Pacific, Ltd 1,444,519  1,150,104   Inventories, net 12,894,732  8,536,934   Prepaid expenses and other current assets 303,362  137,970   Deferred financing costs 13,333  13,333   Total Current Assets 36,918,206  11,732,354       Property and equipment, net  646,790  450,305  Deferred financing costs, net of current portion  10,000  16,667  Deferred tax assets  882,391  937,137  Other non-current assets  12,039  11,523   Total Assets$38,469,426 $13,147,986       Liabilities and Shareholders' Equity  Current Liabilities     Accounts payable 18,654,847  1,614,748   Accrued expenses 1,533,119  701,932   Current portion of bank term note payable 375,000  500,000   Due to related party - Starlight Electronics Co., Ltd 391,380  210,756   Due to related party - Starlight R&D, Ltd. 111,600  113,116   Due to related party - Merrygain Holding Co., Ltd. 128,290  89,803   Revolving line of credit 6,877,610  -   Customer deposits 36,691  -   Refunds due to customers 11,184  445,484   Reserve for sales returns 1,466,627  726,000   Current portion of capital leases 14,151  -   Current portion of subordinated related party debt - Starlight Marketing Development, Ltd. 815,367  689,792   Total Current Liabilities 30,415,866  5,091,631       Bank term note payable, net of current portion  -  125,000  Capital leases, net of current portion  24,772  -   Subordinated related party debt - Starlight Marketing Development, Ltd., net of current portion  -  125,575   Total Liabilities 30,440,638  5,342,206       Commitments and Contingencies         Shareholders' Equity     Preferred stock, $1 par value; 1,000,000 shares authorized; no shares issued and outstanding -  -   Common stock, Class A, $0.01 par value;  100,000 shares authorized; no shares issued and outstanding -  -   Common stock, Class B, $0.01 par value;  100,000,000 shares authorized;  38,384,753 and 38,282,028 shares issued and outstanding, respectively 383,847  382,820   Additional paid-in capital 19,662,766  19,624,063   Accumulated deficit (12,017,825) (12,201,103)  Total Shareholders' Equity  8,028,788  7,805,780   Total Liabilities and Shareholders' Equity $38,469,426 $13,147,986        See notes to the condensed consolidated financial statements        

 

The Singing Machine Company, Inc. and Subsidiaries  CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)               For the Three Months Ended For the Six Months Ended     September 30, 2018September 30, 2017 September 30, 2018September 30, 2017                     Net Sales $24,304,945 $32,802,163  $26,141,456 $36,741,896            Cost of Goods Sold 19,098,263  25,064,608   20,543,291  27,925,192            Gross Profit 5,206,682  7,737,555   5,598,165  8,816,704            Operating Expenses       Selling expenses 2,014,664  2,381,456   2,461,364  2,845,203   General and administrative expenses 1,364,102  1,672,001   2,712,121  3,044,503   Bad debt expense (recovery), net 88,023  2,335,512   (51,352) 2,322,241   Depreciation 68,210  43,389   135,781  86,602  Total Operating Expenses 3,534,999  6,432,358   5,257,914  8,298,549            Income from Operations 1,671,683  1,305,197   340,251  518,155            Other Expenses       Interest expense (72,176) (95,298)  (95,561) (95,581)  Finance costs (3,333) (3,333)  (6,667) (24,939) Total Other Expenses (75,509) (98,631)  (102,228) (120,520)           Income Before Income Tax Provision  1,596,174  1,206,566   238,023  397,635            Income Tax Provision  (378,745) (422,290)  (54,745) (140,369)           Net Income $1,217,429 $784,276  $183,278 $257,266            Net Income per Common Share       Basic $0.03 $0.02  $0.00 $0.01   Diluted$0.03 $0.02  $0.00 $0.01            Weighted Average Common and Common        Equivalent Shares:       Basic  38,348,400  38,274,371   38,315,395  38,266,878   Diluted 39,530,880  39,160,863   39,497,875  39,153,371            See notes to the condensed consolidated financial statements           

 

The Singing Machine Company, Inc. and Subsidiaries  CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)       For the Six Months Ended     September 30, 2018September 30, 2017        Cash flows from operating activities    Net Income$183,278 $257,266   Adjustments to reconcile net income to net cash used in operating activities:     Depreciation 135,781  86,602    Amortization of deferred financing costs 6,667  24,939    Change in inventory reserve (81,780) (375,000)   Change in allowance for bad debts 285,919  2,329,907    Stock based compensation 33,330  115,659    Change in net deferred tax assets 54,746  139,165   Changes in operating assets and liabilities:     Accounts receivable (19,152,434) (29,285,881)   Due from PNC Bank 6,212  242,859    Accounts receivable - related parties (861,538) (1,170,088)   Inventories (4,276,018) (9,601,863)   Prepaid expenses and other current assets (165,392) (12,280)   Other non-current assets (516) -    Accounts payable 17,040,099  20,816,821    Accrued expenses 831,187  1,329,221    Due to related parties 217,595  157,579    Customer deposits 36,691  (1,543)   Refunds due to customers (434,300) -    Reserve for sales returns 740,627  1,904,711     Net cash used in operating activities (5,399,846) (13,041,925) Cash flows from investing activities    Purchase of property and equipment (288,740) (249,584)    Net cash used in investing activities (288,740) (249,584) Cash flows from financing activities    Net proceeds from revolving line of credit 6,877,610  11,548,522   Net proceeds from bank term note -  1,000,000   Payment of bank term note (250,000) (125,000)  Proceeds from exercise of stock options 6,400  -   Payment of deferred financing costs -  (40,000)  Payment on subordinated debt - related party -  (1,109,064)  Payments on capital leases (4,603) -     Net cash provided by financing activities 6,629,407  11,274,458  Net change in cash  940,821  (2,017,052)        Cash at beginning of period 813,908  2,305,439  Cash at end of period$1,754,729 $288,387         Supplemental disclosures of cash flow information:    Cash paid for interest$52,513 $76,868   Cash paid for income taxes$- $30,000   Equipment purchased under capital lease$43,526 $-      See notes to the condensed consolidated financial statements     

 

International Ambassador Jack Brewer Joins Aftermaster Audio as Senior Advisor

Wed, 14/11/2018 - 16:30

HOLLYWOOD, Calif., Nov. 14, 2018 (GLOBE NEWSWIRE) -- Aftermaster, Inc. (OTCQB: AFTM), an industry leading audio technology company based in Hollywood, California that is driven by innovators focused on exploring bold new possibilities in digital audio processing, announced today that Mr. Jack Brewer, MBA has joined Aftermaster as a Senior Advisor.   

Mr. Brewer is a former football safety who played professionally with the National Football League. Mr. Brewer is founder and CEO of The Brewer Group Companies (TBG) and a former wealth manager with Merrill Lynch. Mr. Brewer is best known for his corporate advisory, international humanitarian efforts and his national media presence including regular appearances on media outlets including the Fox Business Network with Maria Bartiromo.

As Founder and Executive Director of the Jack Brewer Foundation, Jack has worked for over 20 years in underserved markets worldwide to bring forth awareness about food securities, women’s health, technology and other issues affecting populations living in extreme poverty. Jack is now working to expand Aftermaster’s presence internationally and has recently made inroads into markets such as India and the Caribbean, that can benefit greatly from its technologies. Aftermaster has also partnered with Jack’s Brewer Media to help expand its technologies in the music industry and social driven projects including Brewer Media’s “Tackling Recidivism” slated to be released in the 1st quarter of 2019.

“I was blown away by the Aftermaster technology. Having worked with Starkey Hearing foundation I have seen firsthand how debilitating hearing loss can be to people around the world. I take pride in having the ability to help bring such amazing audio craftsmanship to living rooms around the world,” stated Jack Brewer, President and CEO of The Brewer Group.

“We are thrilled to have Jack Brewer join the Aftermaster team. Jack has transitioned from a successful NFL Football player to an international powerbroker who focuses on helping others,” stated Aftermaster CEO, Larry Ryckman. “We are proud to have Jack leading the introduction of our unique audio technologies into markets worldwide that can benefit from our innovations.”

About Aftermaster, Inc.

Aftermaster, Inc. is an award-winning audio laboratory developing groundbreaking audio technologies and products based in Hollywood, California. Aftermaster’s team of audio engineers and music industry veterans have produced, engineered and mastered more hit records than any other audio company in the world. 

Safe Harbor Statement

This news release may contain “forward-looking” statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks include such factors as the inability to enter into agreements with parties with whom we are in discussions, the uncertainty of consumer demand for the Company’s products, as well as additional risks and uncertainties that are identified and described in the Company’s SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements after the date such statements have been made.

Contact for Jack Brewer:

Plantation, FL | (305) 332-1437 | sean.jackson@thebrewergroup.com

Investor/Media Contact for Aftermaster, Inc.

Mark Depew, Senior Vice President
(307) 630-2219
mdepew@Aftermaster.com

Stingray Closes $25 Million Private Placement

Tue, 13/11/2018 - 22:44

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

MONTREAL, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (“Stingray”) (TSX: RAY.A; RAY.B) today announced that it has completed its previously-announced private placement of an aggregate of 2,429,544 Subordinate Voting Shares of Stingray (the “Private Placement Shares”) to 3322044 Nova Scotia Limited (the “Subscriber”), at a price of $10.29 per Subordinate Voting Share for total gross proceeds of $25,000,007.76.

The Subscriber is an affiliate of Irving West, Limited, a company controlled by Mr. Harry R. Steele, a former Chairman of Newfoundland Capital Corporation Limited, which was acquired by Stingray on October 26, 2018.

Stingray intends to use the proceeds of the private placement for working capital, including to provide further flexibility for a future major acquisition. Pending such application of the net proceeds of the private placement, Stingray will reimburse certain amounts owing under its credit facilities, which credit facilities shall remain fully available to Stingray including to fund future acquisitions.

The Private Placement Shares are subject to a four-month hold from today’s date.

This announcement does not constitute an offer of securities for sale in the United States. The Private Placement Shares have not been and will not be offered or sold in the United States absent registration or an exemption from registration.

About Stingray Digital Group Inc.
Montreal-based Stingray Digital Group Inc. (TSX: RAY.A; RAY.B) is a leading music, media, and technology company with over 1,200 employees worldwide. Stingray is a premium provider of curated direct-to-consumer and B2B services, including audio television channels, 101 radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps, which have been downloaded over 100 million times. Stingray reaches 400 million subscribers (or users) in 156 countries. For more information: www.stingray.com.

Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including regarding the private placement of 2,429,544 Subordinate Voting Shares of Stingray. This forward-looking information includes, but is not limited to, statements with respect to the use of proceeds of the private placement. This forward-looking information relates to, among other things, our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimations and intentions, and may also include other statements that are predictive in nature, or that depend upon or refer to future events or conditions. Statements with the words “could”, “expect”, “may”, “will”, “anticipate”, “assume”, “intend”, “plan”, “believes”, “estimates”, “guidance”, “foresee”, “continue” and similar expressions are intended to identify statements containing forward looking information, although not all forward-looking statements include such words. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events.

Although management believes the expectations reflected in such forward-looking statements are reasonable, forward-looking statements are based on the opinions, assumptions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include, but are not limited to the risk factors disclosed in Stingray’s Annual Information Form for the year ended March 31, 2018 available on SEDAR.

In addition, if any of the assumptions or estimates made by management prove to be incorrect, actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such assumptions include, but are not limited to, availability of capital resources. If these assumptions are inaccurate, Stingray’s actual results could differ materially from those expressed or implied in such forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on such statements.

All of the forward-looking information in this document is qualified by these cautionary statements. Statements containing forward-looking information contained herein are made only as of the date of this news release. Stingray expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

For more information, please contact:

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

Transactions in relation to share buyback program

Tue, 13/11/2018 - 16:11

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 November 6, 2018 – November 12, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  November 6, 201800.000  November 7, 201819,550275.655,388,926  November 8, 201811,489282.893,250,136  November 9, 201813,870284.753,949,489  November 12, 201819,523281.935,504,209Accumulated under the program2,008,503281.18564,750,788

Following the above transactions GN holds a total of 12,750,357 own shares corresponding to a nominal value of DKK 51,001,428 and 8.8% 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 Manager Investor Relations 
Tel: +45 45 75 92 57


Press and the media
Lars Otto Andersen-Lange
Head of Media Relations & Corporate Public Affairs
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

Avid to Host 2018 Investor Day on November 14 at The Westin Grand Central NYC

Mon, 12/11/2018 - 19:30

BURLINGTON, Mass., Nov. 12, 2018 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), the leading technology provider that powers the media and entertainment industry, today announced that its 2018 Investor Day will be held on Wednesday, November 14, 2018 at the Westin Grand Central located at 212 East 42nd Street in New York City.  During the day, Avid will provide 2019 guidance and a detailed review of its business and strategy.

The session will begin at 10:00 a.m. ET.  Webcast information can be found on the Avid Investor Relations web page at http://ir.avid.com.  The live audio webcast and replay of the event will also be accessible on the Investor Relations section of the Company’s website, which will also include presentation materials.

Investors and analysts interested in attending should contact Dean Ridlon, VP of Investor Relations, at dean.ridlon@avid.com to confirm attendance. 

About Avid
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 NEXIS, Avid FastServe, AirSpeed, iNews, Maestro, MediaCentral, Media Composer, NewsCutter, 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.

CONTACT: Investor Contact: Dean Ridlon Avid dean.ridlon@avid.com (978) 640-3379 PR Contact: Jim Sheehan Avid jim.sheehan@avid.com (978) 640-3152

YANGAROO and the Producers Guild of America Enter Multi-Year Agreement to Enable Online Entry Process for the Producers Mark and the Producers Guild Awards

Thu, 08/11/2018 - 19:30

TORONTO, Nov. 08, 2018 (GLOBE NEWSWIRE) -- YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media management and distribution company, today announced a multi-year agreement with the Producers Guild of America (PGA) to provide the PGA with the YANGAROO Awards industry-leading digital platform to facilitate and administer online entries for the Producers Mark (“p.g.a.”) and the Producers Guild Awards, beginning in May 2019 for its 2020 awards show.

This partnership will provide the PGA with a digital awards system hosted and maintained by YANGAROO, allowing eligible parties to submit their work for Producers Mark certification throughout the year and for consideration for the PGA’s prestigious annual film and television industry awards held annually in January. “After reviewing bids from numerous companies, we selected YANGAROO, most notably because of the sophistication of the YANGAROO Awards platform and the professionalism of the YANGAROO team,” said Vance Van Petten, National Executive Director/COO, PGA. “We look forward to providing our entrants with a user-friendly submissions platform, and to providing our administrators with the best possible tools to do their jobs.”

“We are particularly honored to have been chosen by an organization as venerable as the PGA amongst bids from our competitors,” said Gary Moss, President and CEO, YANGAROO Inc. “We will work towards surpassing their expectations and creating another integral and enduring partnership with a major awards show in the film and television industries.”

The Producers Guild Awards will join over 17 other major awards shows that rely on YANGAROO technology including The GRAMMYS, The Latin GRAMMYS, The Emmys (Daytime, News and Documentary, and Sports), The Golden Globes, The Academy of Country Music Awards, The MTV Video Music Awards (VMAs), The BET Awards, The JUNOS, The Canadian Screen Awards, The BET Hip Hop Awards, The Soul Train Awards, and the Tony Awards.

About the Producers Guild of America:

The Producers Guild of America is a non-profit trade organization that represents, protects and promotes the interests of all members of the producing team in film, television and new media. The PGA works to protect the careers of producers and improve the producing community at large by facilitating health benefits for members, encouraging the enforcement of workplace labor laws and sustainable production practices, creating fair and impartial standards for the awarding of producing credits, and hosting educational opportunities for new and experienced producers alike. The Producers Mark (“p.g.a.”) is a certification mark created by the PGA for the public good to identify which among an often extensive list of producers on a particular feature film performed a major portion of the producing functions in a decision-making capacity. For more information and the latest updates, please visit the PGA websites and follow on social media:

Websites: www.producersguild.orgwww.pgadiversity.orgTwitter: @ProducersGuild Facebook:www.facebook.com/pga YouTube:www.youtube.com/producersguild Instagram:www.instagram.com/producersguild 

About YANGAROO:

YANGAROO is a company dedicated to digital media management. YANGAROO’s patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform is now the industry standard and powers most of North America’s major awards shows.

YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF. For further information, please contact Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com.

For YANGAROO Investor Inquiries:
Gary Moss
Phone: (416) 534-0607 ext.111
gary.moss@yangaroo.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-looking Statements

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting future outcomes.

Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of YANGAROO, that may cause the actual results, level of activity, performance or achievements of YANGAROO to be materially different from those expressed or implied by such forward looking statements, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of the technology industry. Although YANGAROO has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause YANGAROO’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither YANGAROO assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

Singing Machine to Announce its Financial Results for the Second Quarter Fiscal 2019

Thu, 08/11/2018 - 19:30

Fort Lauderdale, FL, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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 its second quarter ended September 30, 2018 will be released the morning of Wednesday, November 14, 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: Wednesday, November 14, 2018

Time: 10 a.m. EST 

Dial-in number: (877) 876-9174

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. 

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, 2018.  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.

CONTACT: Investor Relations Contact: Brendan Hopkins (407) 645-5295 investors@singingmachine.com www.singingmachine.com www.singingmachine.com/investors

Stingray Reports Second Quarter 2019 Results

Thu, 08/11/2018 - 03:35

Adjusted EBITDA(1) growth of over 20%

Second Quarter Highlights

  • Closing of the Newfoundland Capital Corporation (“NCC”) acquisition significantly improves adjusted free cash flow to approximately $1.00 per share on a pro-forma basis.
  • Stingray’s net debt to Adjusted EBITDA(1) ratio on a pro forma basis is 3.16 times
  • Stingray to maintain historical shareholder dividend payout ratio in the range of 30% and 40% of its Adjusted free cash flow. Dividends are expected to be adjusted twice a year in line with historical practice.
  • Quarterly dividend of $0.06 per share.
  • Acquisitions of Novramedia Inc., a Toronto-based leader in the design, development, and implementation of digital media solutions and DJ-Matic, a European provider of in-store media solutions (music, video, digital signage), subsequent to the quarter
  • Revenues increased 11.1% to $34.7 million with organic growth of 5.4%, excluding non-recurring equipment and installation sales related to digital signage
  • Recurring revenues(2) of $30.7 million or 88.4% of total revenues, an increase of 14.5%
  • Adjusted EBITDA(1) up 20.9% to $11.4 million
  • Net income increased to $0.8 million or $0.01 per share (diluted) compared to a net loss of $3.4 million or $0.07 per share (diluted) last year
  • Subscription video on demand (“SVOD”) revenue increased while subscribers slightly declined 1.8% over previous quarter

MONTREAL, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (TSX: RAY.A; 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 second quarter ended September 30, 2018.

Financial Highlights
(in thousands of dollars, except per share data)Three months ended
September 30Six months ended
September 30
 20182017%20182017%Revenues34,69231,22211.169,14860,89213.6Recurring revenues(2)30,65126,76614.561,44752,26817.6Adjusted EBITDA(1)11,4299,45220.922,60818,62121.4Net income (loss)777(3,395)-2,123(3,115)-Per share – diluted ($)0.01(0.07)-0.04(0.06)-Adjusted Net income(3)6,7085,40724.112,60611,11013.5Per share – diluted ($)0.120.1020.00.220.214.8Cash flow from operating activities5,5062,710103.212,4262,121485.9Adjusted free cash flow(4)5,4486,853(20.5)11,64614,093(17.4)


(1)Adjusted EBITDA is a non-IFRS measure and is defined as net income before net finance expense (income), change in fair value of investments, income tax expense (recovery), depreciation and write-off of property and equipment, amortization of intangible assets, share-based compensation, restricted, performance and deferred share unit expense, acquisition, legal, restructuring and other various costs.(2)Recurring revenues include subscriptions and usage in addition to fixed fees charged to our customers on a monthly, quarterly and annual basis for continuous music services. Non-recurring revenues mainly include support, installation, equipment and one-time fees.(3)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 expense, acquisition, legal, restructuring and other various costs, net of related income taxes.(4)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.

“Starting in the third quarter, the transformational acquisition of NCC will significantly alter Stingray’s financial profile while representing an important stepping stone in the overall medium- to long-term growth strategy. Despite this large and transformational acquisition, the Corporation will maintain a healthy financial position. Considering the NCC acquisition, the future divestiture of non-core assets related to NCC and a private placement of $25 million, the net debt at closing is estimated at $356 million. On a pro-forma basis, the net debt to Adjusted EBITDA is estimated at 3.16 times,” said Eric Boyko, President, CEO, and Co-Founder of Stingray.

“We are extremely pleased to have Irving West, Limited (Harry R. Steele) reinvest some of the proceeds received from the NCC transaction in the form of a $25 million private placement in Stingray shares at a price of $10.29 per share, being the issuance price of the Stingray shares issued as partial consideration to the NCC shareholders as well as the private placement price of the Stingray shares issued in October 2018 in connection with the transaction. This clearly reflects their confidence in the benefits of the combined companies and tremendous growth opportunities provided by Stingray’s digital platform.

“We are also proud to report another solid quarter with Adjusted EBITDA growth of over 20% fueled by organic growth of 5.4% and margin expansion when compared with last year. Since the beginning of the fiscal year, the drivers of our business remain growth in SVOD and the Qello Concerts acquisition.

“In addition to the closing of the NCC acquisition, we recently announced the acquisitions of DJ-Matic and Novramedia, launched eight linear television channels on Bell, made some key management hires and pursued our discussions related to the potential acquisition of Music Choice. Going forward, we are confident in our ability to deliver on the cross-selling and operational synergies related to acquisitions as well as have the capacity to pursue our acquisition program,” concluded Mr. Boyko.

Second Quarter Results
Revenues increased 11.1% to $34.7 million in the second quarter of 2019, compared with revenues of $31.2 million a year ago. The increase was primarily due to organic growth of SVOD, combined with the acquisition of Qello Concerts.

Recurring revenues were up 14.5% to $30.7 million in the second quarter over the same period last year and increased to 88.4% of total revenues for the quarter, compared to 85.7% of total revenues last year. For the quarter, Canadian revenues decreased 4.1% to $14.2 million (41.0% of total revenues) due to less equipment and installation sales related to digital signage, United States revenues increased 54.5% to $8.1 million (23.3% of total revenues), whereas revenues in Other Countries increased by 11.1% to $12.4 million (35.7% of total revenues).

Music Broadcasting revenues increased 13.9% to $25.5 million, mainly due to organic growth related to SVOD, as well as the acquisition of Qello concerts. Commercial Music revenues rose 3.9% to $9.2 million, mainly due to the acquisition of Novramedia, SMA and SBA, combined with organic growth resulting from international expansion, partially offset by a decrease in equipment and installation sales related to digital signage.

Adjusted EBITDA for the second quarter increased to $11.4 million or 32.9% of revenues, compared to $9.5 million or 30.3% of revenues a year earlier. The increase in Adjusted EBITDA was primarily due to the acquisitions realized in Fiscal 2018 and Fiscal 2019 and to the organic growth of SVOD, partially offset by higher operating expenses related to international expansion.

For the second quarter, the Corporation reported a net income of $0.8 million, or $0.01 per share (diluted), compared to a net loss of $3.4 million, or $(0.07) per share (diluted) for the same period last year. The increase was mainly attributable to lower legal fees and higher operating results, partially offset by higher income tax expense and depreciation.

Adjusted Net Income was $6.7 million, or $0.12 per share (diluted), compared to $5.4 million, or $0.10 per share (diluted) a year ago, as higher operating results were partially offset by higher depreciation and income net tax expense.

Cash flow generated from operating activities increased to $5.5 million in the second quarter of 2019 from $2.7 million a year earlier. Adjusted free cash flow decreased to $5.4 million, from $6.9 million for the same period a year ago. The decrease was mainly related to higher capital expenditures and income tax paid, partially offset by higher operating results.

As of September 30, 2018, the Corporation had cash and cash equivalents of $2.2 million and a revolving credit facility of $100 million, of which approximately $42.7 million was unused.

Six Months Results
Revenues for the first six months of Fiscal 2019 increased 13.6% to $69.1 million compared to $60.9 million a year ago. The increase in revenues was primarily due to organic growth of SVOD, combined with the acquisitions of Qello Concerts, SMA and SBA.

Adjusted EBITDA increased 21.4% to $22.6 million from $18.6 million for the same period last year. The increase in Adjusted EBITDA was primarily due to the acquisitions realized in Fiscal 2018 and Fiscal 2019 and to the organic growth of SVOD, partially offset by higher operating expenses related to international expansion.

Adjusted Net income for the first six months of Fiscal 2019 increased 13.5% to $12.6 million, or $0.22 per share (diluted), compared to $11.1 million, or $0.21 per share (diluted) a year ago.

Declaration of Dividend
On November 7, 2018, the Corporation declared a dividend of $0.06 per subordinate voting share, variable subordinate voting share and multiple voting share. The dividend will be payable on or around December 14, 2018 to shareholders on record as of November 30, 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 October 26, 2018, the Corporation announced the closing of the previously announced acquisition of Newfoundland Capital Corporation Limited, one of Canada's leading radio broadcasters with 101 licences (82 FM and 19 AM) across Canada.

On October 10, 2018, the Corporation announced the acquisition of DJ-Matic, a provider of in-store media solutions (music, video, digital signage) for businesses with clients in Belgium, the Netherlands, Germany, and Denmark.

On September 19, 2018, the Corporation announced the appointment of Ryan Fuss as Senior Vice-President, Advertising Sales to spearhead the development of the Corporation’s integrated advertising offering - both domestically and internationally – in support of the Corporation’s growth objectives.

On August 28, 2018, the Corporation announced that it had launched eight linear television channels with Bell. This launch follows the May 29, 2018 announcement that Bell and the Corporation had extended and renewed their long-term partnership.

On August 22, 2018, the Corporation announced the appointment of David Purdy as Chief Revenue Officer. The creation of a position of chief revenue officer reflects the accelerated growth of the Corporation’s operations and the diversification of its revenue streams.

On August 3, 2018, the Corporation announced that it had made an unsolicited offer to purchase all of the issued and outstanding units of Music Choice, a general partnership which produces music programming and music-related content for digital cable television, mobile phone and cable modem users. No assurance can be given that the offer, as presented, will be accepted by all or any of the unitholders.

Lastly, other changes were made to the executive team of the Corporation and to the Audit Committee of the Board of Directors of the Corporation, as Stephen Tapp and Valery Zamuner will no longer serve as executives of the Corporation. Also, David Purdy and Robert Steele have both stepped down from the Audit Committee and have been replaced by Mark Pathy and Jacques Parisien. Pascal Tremblay will continue to chair the Audit Committee.

Conference Call
The Corporation will hold a conference call to discuss these results on Thursday, November 8, 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: 2071249. This tape recording will be available until December 7, 2018.

About Stingray
Stingray (TSX:RAY.A) (TSX:RAY.B) ) is a leading music, media, and technology company with over 1,200 employees worldwide. Stingray is a premium provider of curated direct-to-consumer and B2B services, including audio television channels, 101 radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps, which have been downloaded over 101 million times. Stingray reaches 400 million subscribers (or users) in 156 countries. 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

 Three-month periods endedSix-month periods ended(in thousands of Canadian dollars)Sept. 30, 2018
Q2 2019Sept. 30, 2017
Q2 2018Sept. 30, 2018
YTD 2019Sept. 30, 2017
YTD 2018Net income (loss)777(3,395)2,123(3,115)Net finance expense (income)9101,2692,8311,806Change in fair value of investments436697(61)1,131Income tax expense (recovery)567(941)1,056(477)Depreciation and write-off of property and equipment1,2747182,4431,339Amortization of intangible assets5,2554,5089,8429,049Share-based compensation358312553506Restricted, performance and deferred share unit expense5187098851,022Acquisition, legal fees, restructuring and other various costs1,3345,5752,9567,360Adjusted EBITDA11,4299,45222,60818,621Net finance expense (income)(910)(1,269)(2,831)(1,806)Income tax expense (recovery)(567)941(1,056)477Depreciation of property and equipment and write-off(1,274)(718)(2,443)(1,339)Income taxes related to change in fair value of investments, share-based compensation, restricted, performance and deferred share unit expense, amortization of intangible assets and acquisition, legal, restructuring and other various costs(1,970)(2,999)(3,672)(4,843)Adjusted Net income6,7085,40712,60611,110

Adjusted free cash flow reconciliation to Cash flow from operating activities

 Three-month periods endedSix-month periods ended(in thousands of Canadian dollars)Sept. 30, 2018
Q2 2019Sept. 30, 2017
Q2 2018Sept. 30, 2018
YTD 2019Sept. 30, 2017
YTD 2018Cash flow from operating activities5,5062,71012,4262,121Add / Less :    Acquisition of property and equipment(1,488)(705)(3,716)(1,512)Acquisition of intangible assets other than internally developed intangible assets(1,383)(1,000)(1,730)(1,404)Addition to internally developed intangible assets(1,390)–(2,595)–Net change in non-cash operating working capital items2,8692734,3057,528Acquisition, legal fees, restructuring and other various costs1,3345,5752,9567,360Adjusted free cash flow5,4486,85311,64614,093

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

Funcl Introduces Wireless Headphones That Deliver Big Sound and Popular Features at Affordable Prices

Tue, 06/11/2018 - 19:34

Funcl W1 and Funcl AI make wireless headphones accessible to consumers

SAN FRANCISCO, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Funcl is poised to make wireless headphones more accessible to consumers – without sacrificing sound quality or features. The company is introducing two new models, the Funcl W1 and the Funcl AI, with prices starting at $19.99.

Both models will be available for purchase through Indiegogo starting Tuesday, Nov. 13, 2018.

“Funcl assembled a team of experts from several world-class audio companies to design wireless headphones for a wider audience,” said Mike Qian, marketing manager for Funcl. “Our goal was to cut the price and not cut the features or performance so more people can enjoy the benefits of wireless headphones.”

Funcl W1 is priced at just $19.99, comparable to a pair of basic ear buds. They are powered by Bluetooth 5.0 and deliver features found on wireless headphones that cost $100 or more:

  • 18-hour Battery Life: Funcl W1 lasts 4.5 hours on a full charge, and the charging case provides another three charges for a total of 18.5 hours.
  • Easy Touch Controls: Funcl W1 turns on and connects to devices automatically, and buttons on the headphones allow users to easily control music and phone calls.
  • Sound Quality: Audio engineering supports AAC (Advanced Audio Coding) and uses the Realtek 8763B chipset for high quality sound.
  • Premium Design: Funcl WI is designed for a comfortable fit on the inside and aesthetic appeal on the outside.

Funcl AI are the most affordable aptX headphones. Priced at $54.99, the Funcl AI model includes these high-end features:

  • 24-hour Battery Life: Funcl AI lasts six hours on a full charge, with three additional charges provided by the charging case for a full 24 hours – comparable to high-end wireless headphone models.
  • Sound Quality: Funcl AI provides aptX support, making them optimal for watching movies or playing games on a phone.
  • App Support: Funcl AI app provides additional convenience by making the AI voice assistant more intuitive.

Both Funcl W1 and Funcl AI are water and sweat resistant with a rating of IPX5, perfect for the gym or outdoor use. Both models charge with a Micro-USB cable and are available in black or white.

For more information on Funcl wireless headphones, please visit https://funcl.com/.

About Funcl
Funcl is a hardware startup devoted to making wireless headphones accessible to everyone. The company developed a team of experts from world-class audio companies to develop wireless headphones that deliver high-end features at budget prices. For more information, please visit https://funcl.com/.

Media Contact
Amber Richards
Uproar PR for Funcl
arichards@uproarpr.com
321-236-0102 x237

Transactions in relation to share buyback program

Tue, 06/11/2018 - 18:19

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 October 30, 2018 – November 5, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  October 30, 20183,500273.47957,133  October 31, 201813,548280.893,805,465  November 1, 20182,890276.12797,978  November 2, 20185,000284.791,423,974  November 5, 20187,935282.022,237,844Accumulated under the program1,944,071281.19546,658,028

Following the above transactions GN holds a total of 12,685,925 own shares corresponding to a nominal value of DKK 50,743,700 and 8.7% 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 Manager Investor Relations 
Tel: +45 45 75 92 57


Press and the media
Lars Otto Andersen-Lange
Head of Media Relations & Corporate Public Affairs
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 Announces $25 Million Private Placement at a Price of $10.29 per Share

Tue, 06/11/2018 - 03:35

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

MONTREAL, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (“Stingray”) (TSX: RAY.A; RAY.B) today announced that it has entered into a subscription agreement with Irving West, Limited (“Irving West”) pursuant to which Irving West has agreed to purchase an aggregate of 2,429,544 Subordinate Voting Shares of Stingray (the “Private Placement Shares”) at a price of $10.29 per Subordinate Voting Share for total gross proceeds of $25,000,007.76.

Irving West is a company controlled by Mr. Harry R. Steele, a former Chairman of Newfoundland Capital Corporation Limited, which was acquired by Stingray on October 26, 2018.

“I am honoured by the vote of confidence in Stingray and its business model showed today by the Steele family,” said Eric Boyko, President, Co-founder, and Chief Executive Officer of Stingray. “By investing in Stingray at a price above market value, the Steele family supports our vision of growth by way of acquisitions and innovative product development. This placement, a testament to their trust in Stingray’s management team, unlocks the potential for continued expansion, more specifically through the digital evolution of our recently acquired radio properties.”

The net proceeds of the private placement will be used for working capital, including to provide further flexibility for a future major acquisition. Pending such application of the net proceeds of the private placement, Stingray will reimburse certain amounts owing under its credit facilities, which credit facilities shall remain fully available to Stingray including to fund future acquisitions.

The issuance of the Private Placement Shares is subject to the approval of the TSX. The Private Placement Shares will be subject to a four-month hold from the date of issuance, which is scheduled to occur on or about November 13, 2018.

This announcement is not an offer of securities for sale in the United States. The Private Placement Shares may not be offered or sold in the United States absent registration or an exemption from registration.

About Stingray Digital Group Inc.
Montreal-based Stingray Digital Group Inc. (TSX: RAY.A; RAY.B) is a leading music, media, and technology company with over 1,200 employees worldwide. Stingray is a premium provider of curated direct-to-consumer and B2B services, including audio television channels, 101 radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps, which have been downloaded over 100 million times. Stingray reaches 400 million subscribers (or users) in 156 countries. For more information: www.stingray.com.

Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including regarding the private placement of 2,429,544 Subordinate Voting Shares of Stingray (the “Private Placement”). This forward-looking information includes, but is not limited to, statements with respect to the use of proceeds of the Private Placement and the closing date of the Private Placement. This forward-looking information relates to, among other things, our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimations and intentions, and may also include other statements that are predictive in nature, or that depend upon or refer to future events or conditions. Statements with the words “could”, “expect”, “may”, “will”, “anticipate”, “assume”, “intend”, “plan”, “believes”, “estimates”, “guidance”, “foresee”, “continue” and similar expressions are intended to identify statements containing forward looking information, although not all forward-looking statements include such words. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events.

Although management believes the expectations reflected in such forward-looking statements are reasonable, forward-looking statements are based on the opinions, assumptions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include, but are not limited to the risk factors disclosed in Stingray’s Annual Information Form for the year ended March 31, 2018 available on SEDAR.

In addition, if any of the assumptions or estimates made by management prove to be incorrect, actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such assumptions include, but are not limited to, availability of capital resources, satisfaction of customary closing conditions, and receipt of regulatory approval with respect to the Private Placement. If these assumptions are inaccurate, Stingray’s actual results could differ materially from those expressed or implied in such forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on such statements.

All of the forward-looking information in this document is qualified by these cautionary statements. Statements containing forward-looking information contained herein are made only as of the date of this news release. Stingray expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

For more information, please contact:

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

Full Sail University Collaborates with Avid to Deliver Unique Learning Experience for Students Pursuing Careers in the Media & Entertainment Industry

Thu, 01/11/2018 - 20:06

As an Avid Media Campus site, Full Sail will implement cutting-edge media environment built on Avid’s proven professional tools and training, preparing today’s students for the jobs of tomorrow

BURLINGTON, Mass., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID), the leading technology provider that powers the media and entertainment industry, today announced that Full Sail University has become an Avid Media Campus site. By adding Avid workflows to its campus and distance learning programs, Full Sail will provide students with the latest tools and workflow solutions for media creation. Additionally, the Avid Learning Partner Program will provide the coursework and instruction necessary to allow Full Sail to train its students to become Avid Certified, giving them the jump-start needed to excel in the industry.

Full Sail University, located in Winter Park, Florida, provides education for students who are passionate about pursuing careers in media, arts, and entertainment, with a focus on giving first-hand experience with the latest technology. Its specialized curriculum enables students to complete undergraduate and graduate degrees in approximately half the time of a traditional university, mirroring today’s fast-paced media environments.

To continue to provide students with experience in state-of-the-art technology, Full Sail regularly invests in updating its video and audio editing equipment. With the three-year Avid Media Campus agreement, Full Sail students will learn on Avid’s industry-leading tools for audio and video editing, and music notation.  

“We’re devoted to our students and strive to provide them with the latest technology and highest-quality training to put them in the best possible position to excel after school,” said Scott Dansby, Director of Industry Relations, Full Sail University. “We’ve been a long-time Avid partner, and Avid Media Campus enables us to provide our students with an excellent technology and software experience, giving them a strong foundation to succeed.”

Full Sail’s new workflow will include Pro Tools® | S6, Pro Tools | MTRX, Avid NEXIS® | E4 software-defined storage for mid- to large-sized media environments, the Avid VENUE™ | S6L live sound system, and Artist™| DNxIQ™ interfaces. The agreement also includes subscriptions for Pro Tools digital audio software, Sibelius® | Ultimate music notation software, and Media Composer® non-linear editing software, as well as 24/7 online support and on-site training for faculty.

“Avid is dedicated to bringing higher education institutions a complete package of technology and programs that get students the vital hands-on training and experience they need to start careers in the media and entertainment,” said Ray Thompson, Director, Broadcast and Media Solutions Marketing at Avid. “The Avid Media Campus Agreement will enable Full Sail’s students to learn and create using the same solutions professionals use for their award-winning content. Additionally, Full Sail students can become Avid Certified, which translates to greater earning potential.”

Avid Media Campus – Enabling the next generation of media professionals
With flexible volume licensing and affordable industry solutions tailored to the specific needs of each school, the Avid Media Campus program modernizes campus media production and helps educators better prepare students for careers in the media and entertainment industry. It provides a foundation to integrate campus media production with technology for classroom and remote learning programs, and offers deeper partnership engagement, industry connections, and collaborative workflows for campus-wide production.

About Avid
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.

About Full Sail University:
Full Sail University is an award-winning educational leader for those pursuing careers in entertainment, media, arts, and technology. Founded in 1979, Full Sail has received accolades throughout its history, including most recently: One of the 2018 “Top Graduate & Undergraduate Schools to Study Game Design” by The Princeton Review, one of the 2016 “Top 25 Music Schools” by The Hollywood Reporter, and one of the 2018 “Top 50 U.S. Film Schools” by The Wrap Magazine. The Florida Association of Postsecondary Schools and Colleges also named Full Sail the 2016 “School/College of the Year.”

Full Sail University is a graduate and undergraduate degree-granting institution offering on-campus and online degree programs in areas related to Art & Design, Business, Film & Television, Games, Media & Communications, Music & Recording, Sports, and Technology. With over 65,000+ graduates worldwide, Full Sail alumni have worked on countless award-winning projects with individual recognition including OSCAR®, Emmy®, GRAMMY®, ADDY®, MTV Video Music Award, and Video Game Award honors. Follow us on Facebook.com/FullSailUniversity and Twitter.com/FullSail, or visit FullSail.edu.

© 2018 Avid Technology, Inc. All rights reserved. Avid, the Avid logo, Avid NEXIS, FastServe, AirSpeed, Artist, Artist | DNxIQ, iNews, Maestro, MediaCentral, Media Composer, PlayMaker, Pro Tools, ScriptSync, PhraseFind, 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.

Oscar is a registered trademark of the Academy of Motion Picture Arts and Sciences. Grammy is a trademark of The National Academy of Recording Arts & Sciences, Inc.  Emmy and the Emmy Statuette is a registered trademark of ATAS/NATAS. 

PR Contact:
Avid
Amy Paladino            
Amy.paladino@avid.com

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

Change to Executive Management: Anders Hedegaard leaves as CEO of GN Hearing

Wed, 31/10/2018 - 21:51

Anders Hedegaard has decided to resign as CEO of GN Hearing. Marcus Desimoni will act as interim CEO of GN Hearing, in parallel with his role as CFO of GN Store Nord and GN Hearing, until a new CEO of GN Hearing is appointed. Marcus will together with René Svendsen-Tune, CEO of GN Audio, constitute GN Store Nord’s Executive Management team.

GN is thankful to Anders for his services during the last four years, in which GN has executed on its ambitious plans to continuously lead its respective industries in terms of innovation and growth”, says Per Wold-Olsen, Chairman of the Board of Directors of GN Store Nord.

Anders has accepted a position as CEO in another company located outside of Denmark, not competing with GN’s businesses. Anders will support a smooth transition.

Financial guidance for 2018 and long term targets are unchanged.

For further information, please contact:

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

Press and the media
Lars Otto Andersen-Lange
Head of Media Relations & Corporate Public Affairs
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

Financial calendar 2019

Wed, 31/10/2018 - 14:58

The Board of Directors of GN Store Nord A/S has set the following dates for the release of the annual report, interim reports as well as the annual general meeting in 2019:

Annual Report 2018February 27, 2019Annual general meetingMarch 21, 2019 at GN headquarters, Ballerup*Interim Report Q1 2019May 1, 2019Interim Report Q2 2019August 22, 2019Interim Report Q3 2019November 7, 2019

* Proposals to the agenda for the GN Store Nord Annual General Meeting must be submitted no later than six weeks before the meeting (i.e. February 6, 2019)

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
Head of Media Relations & Corporate Public Affairs
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

Self Evolving Gopher’s (OTCQB: GOPH) AVANT! Takes on IBM Watson; Key Players in the Evolution Race of AI in the US and Globally; Intel, Qualcomm, Baidu, Alibaba

Tue, 30/10/2018 - 17:00

POINT ROBERTS, Wash. and DELTA, British Columbia, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Investorideas.com (www.investorideas.com), a global news source covering Artificial Intelligence (AI), releases a podcast interview with AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH).  Danny discusses how his company’s Avant! Self learning AI technology is evolving and taking on the giants in the sector with some of its unique capabilities.

Danny, as an expert in AI working with some of the biggest companies in the sector, shares his thoughts on the global race for AI and how the U.S. can take a leading role.

Danny is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.

Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2018/102818-AI-GOPH-IBM.mp3

Hear Investor Ideas Podcasts on iTunes

Research published in the Daily Telegraph earlier this month indicates that China leads the U.S. in AI and machine learning investment for 2018.

Out of around $14bn (£10.6bn) worth of AI investments made by the biggest eight US and Chinese tech companies this year, Chinese firms such as Baidu, Alibaba, Ant Financial and Tencent have taken a clear lead.

Collectively, the four big Chinese groups have been involved in $12.8bn of the total, according to data compiled by Pitchbook, a financial data firm.

In contrast, their four biggest US rivals – Alphabet, Amazon, Apple and Facebook have been part of deals in AI totalling just $1.7bn…

Rittman however, contended that U.S. companies like IBM (NYSE:IBM), Intel (NasdaqGS: INTC) and Qualcomm (NasdaqGS: QCOM) will continue to lead in innovation as the rest of the world rapidly joins in the sector.

“I do foresee that the U.S. will maintain leadership – especially companies like IBM, Intel, Google, Qualcomm etc. These guys will [continue to] lead the world,” he said, “but it will definitely spread to the rest of the world and the same is true of the budget. I foresee billions of dollars going into the AI domain in the next decade.”

This view is supported by Intel’s recent hosting of an IoT forum in Taiwan “attracting the participation of major IPC players including Advantech, Adlink Technology, Aaeon, IEI Integration and Nexcom and over 200 partners, sharing their latest technologies and outlook as well as demonstrating their new products.”

Dr. Rittman’s example of Qualcomm also appears to hold water when one considers their newly launched Snapdragon™ 675 Mobile Platform. According to its press release, the new platform combines cutting-edge image and voice recognition with improved security features and also boasts support from independent software vendors.

The multi-core AI Engine is designed to improve mobile devices' ability to acquire information and become the ultimate personal assistant by capturing photos and videos, learning and adapting to a user's voice, and optimizing battery life. Through heterogeneous computing, the Hexagon DSP, Adreno GPU, and Kryo CPU – are engineered to work cooperatively to run AI applications on-device faster and more efficiently. Additional AI use cases supported on Snapdragon 675 include camera (scene and object detection, image style transfer, portrait relighting), security (face unlock, payment security), voice and translation. Global ISVs also support the platform including Megvii (Face++), NetEase, SenseTime, Thundersoft, and Trio.AI.

As Dr. Rittman’s said about his own company, Gopher Protocol, Inc. (OTCQB: GOPH), their Avant! AI system offers something distinct in the space. “Avant! has one unique thing that no one currently has,” he said. “Avant! evolves on its own. That means Avant! learns. It can learn from its experience or it can learn from other experience – a human database or an internet database.”

Dr. Rittman explained how the Avant! AI engine becomes aware of gaps in its own knowledge, and will independently learn as a form of self improvement.

“Avant! can reach conclusions that it needs to gain more knowledge in a specific domain or a topic,” he said. “Then, Avant! will go on its own – since it’s currently basically an independent entity – and will learn. While it’s busy answering our questions, it will, in the background, study a specific domain in order to become more knowledgeable.”

Avant! is open to public access in a limited web-based capacity currently at www.avant-ai.com. Dr. Rittman said that Gopher wanted to create the online interface to introduce the public to the technology in a fun and interactive way.

“We decided, as a courtesy to the public, to provide and enable a basic interface for Avant!, starting with something that is more on the educational side and fun side,” he said. “It’s a simple page. You can type any question you want and Avant! is going to go and search millions of sources online.”

The website is outlined in a recently launched introductory video:
https://www.youtube.com/watch?v=Q3GVqNLiZNM&feature=youtu.be

Detractors from AI systems currently in existence may point to Dr. Rittman’s example of IBM as a failure of the technology. The IBM Watson system made headlines this month following the departure of the head of IBM Watson Health, Deborah DiSanzo. DiSanzo left the company’s AI medical health division following criticisms of inaccuracies from the medical community.

Dr. Rittman, however, maintains that the high profile controversy surrounding IBM Watson is par for the course when a new, disruptive technology is concerned.

“It’s completely typical,” he said. “The AI industry will have to go through its own development stages. So, I would not be too alarmed about the whole Watson thing. IBM created a beautiful system. Watson is a very strong AI system and it’s still going.”

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Transactions in relation to share buyback program

Tue, 30/10/2018 - 15:55

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 October 23, 2018 – October 29, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  October 23, 20185,000276.321,381,595  October 24, 20184,600272.701,254,405  October 25, 201800.000  October 26, 20189,283270.862,514,392  October 29, 20183,174274.53871,369Accumulated under the program1,911,198281.20537,435,634

Following the above transactions GN holds a total of 12,653,052 own shares corresponding to a nominal value of DKK 50,612,208 and 8.7% 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
Head of Media Relations & Corporate Public Affairs
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.

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