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PeerLogix Over-The-Top (OTT) Data Now Available Through Leading Demand-Side Platform (DSP)

Wed, 16/05/2018 - 17:58

NEW YORK, NY, May 16, 2018 (GLOBE NEWSWIRE) -- PeerLogix, Inc. (the "Company") (“We”) (OTCQB: LOGX), the established standard for tracking non-subscription based Over-the-Top (“OTT”) engagement data, today announced that its rich audio/video consumption data is now available in one of the worlds largest and fastest growing omnichannel Demand Side Platforms (DSP) in the digital advertising industry. Early implementation by this Q3 ’17 Forrester Wave leading DSP has resulted in adoption by approximately 30 agencies, making it the largest revenue producing partnership for the company. This partnership is powered by LiveRamp, an Acxiom® company and leading provider of omnichannel identity resolution.

TV audiences have fractured and over half of US households stream OTT content daily. Advertisers have followed suit, and 2016 marked the first year where digital ad spend surpassed that of conventional TV ad spend, which had long been the historical juggernaut. Consumers show no signs of slowing down this trend in 2018 and beyond.

“Savvy brands and agency trading desks are reassembling these fragmenting TV audiences by leveraging our OTT consumption data across web, mobile and video advertising,” said Ray Colwell, Chief Executive Officer for PeerLogix. “By leveraging this DSP, or any one of our other prominent integrations throughout the programmatic ecosystem, advertisers are harnessing our OTT consumption data to supplement limited OTT inventory available to most agencies and to extend the reach of entertainment advertising to otherwise unreachable streaming audiences.”

About PeerLogix

PeerLogix is an advertising technology and data aggregation company providing a proprietary software as a service, or SAAS, platform which enables the tracking and cataloguing of over-the-top viewership and listenership in order to determine consumer trends and preferences based upon media consumption. PeerLogix's patent pending platform collects over-the-top data, including IP addresses of the streaming and downloading parties (e.g., location), the name, media type (whether movie, television, documentary, music, e-books, software, etc.), and genre of media watched, listened or downloaded, and utilizes licensed and publicly available demographic and other databases to further filter the collected data to provide insights into consumer preferences to digital advertising firms, product and media companies, entertainment studios and others.

Forward Looking Statement

Certain of the statements contained in this herein include future expectations, contain projections of results of operations or financial condition or state other "forward-looking" information. The information contained in this includes some statements that are not purely historical and contain "forward-looking statements," as defined by the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the Company's and its management's expectations, hopes, beliefs, intentions or strategies regarding the future, including the Company's financial condition and results of operations. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate," "may," "should," "could," "will," "plan," "future," "continue," and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, the actual results could differ materially from the forward-looking statements contained in PeerLogix forward-looking statements.


CONTACT: Contact: William Gorfein PeerLogix, Inc. 646-598-4640 info@peerlogix.com

Guitar Center Announces the Debut of the Moog Grandmother Synthesizer, Available Exclusively Through the Retailer for a Limited Time

Tue, 15/05/2018 - 20:30

This exclusive relationship coincides with Guitar Center’s sponsorship of Moogfest and “The Moog store by Guitar Center” pop-up shop, where attendees will be able to gets hands-on with a variety of instruments including the new Grandmother synth

WESTLAKE VILLAGE, Calif., May 15, 2018 (GLOBE NEWSWIRE) -- Guitar Center, the world’s largest musical instrument retailer, announces that it is the official exclusive sales channel of the new Grandmother synth from Moog Music for the limited first run of 500 units. Grandmother is a semi-modular analog synthesizer with a built-in arpeggiator, sequencer, and spring reverb tank. Grandmother also features an “External Audio Input” that invites users to inject sounds from other instruments directly into Grandmother’s analog filter, reverb and amplifier circuits -- adding vintage tones and ambience to guitars, drums or vocal signals.

To celebrate Grandmother’s debut at Moogfest 2018 (May 17-20 in Durham, NC), the first 500 units have been marked with a limited edition Moogfest 2018 badge and include a custom denim jacket from Moog and have already shipped and are available for order today exclusively through Guitar Center.

Watch the Build and Sound video for the new Grandmother HERE.

Additionally during Moogfest 2018, visitors to the Moog Pop-Up Factory can get hands-on with the Grandmother synthesizer and watch as the new units are crafted on-site by Moog Production Engineers. This pop-up shop is part of “The Moog store by Guitar Center,” a 1700-sq.-ft. shop with gear and installations from key tech vendors.

Guitar Center has been Moogfest’s exclusive retail partner since the event moved to Durham in 2015. “The Moog store by Guitar Center” relaunched the Minimoog Model D after a production hiatus of nearly 40 years, and subsequently relaunched the Subsequent 37 CV with exclusive 2016 Moogfest performing artist patches. Not only is “The Moog store by Guitar Center” the first place customers and festival-goers alike can purchase the new and exclusive Moog gear, but it also features rare and hard-to-find synths, controllers and more from all of the leading brands in the industry.

“Guitar Center continues to be an innovative partner in co-creating magical experiences that welcome imagination and exploration. This collaboration invites Guitar Center customers to become part of the process as they witness their new Moog Grandmother synthesizers being created during the live-build in the Moog Pop-Up Factory at Moogfest. We are thankful for the opportunity to work with Guitar Center again this year to share the art of synthesis and joyful experimentation with the world.” – Emmy Parker, Moog Music Brand Director  

“We are proud to be associated with Moogfest for a third consecutive year. Moog is one of the strongest brands in the musical instrument space in terms of customer loyalty; it’s also one of the few that almost transcends into style and fashion. They are a top-tier brand for all market sectors, from hobbyists to pro players, and they have chosen to collaborate with Guitar Center because we closely align with what their core customer is looking for, and they trust that we know how to market their products consistently with the Moog philosophy.”
Jeannine D’Addario, Senior Vice President and Chief Customer Officer, Guitar Center

About Moogfest
Moogfest is the synthesis of music, art and technology. Since 2004, Moogfest has brought together artists, futurist thinkers, inventors, entrepreneurs, designers, engineers, scientists and musicians. By day, Moogfest is a platform for conversation and experimentation. By night, Moogfest presents cutting-edge music in venues throughout the city. This mind-expanding conference attracts creative and technology enthusiasts for three days of participatory programming in Durham, North Carolina. Performing artists include early pioneers in electronic music, alongside pop and avant-garde experimentalists of today.

About Moog
Moog Music is the leading producer of analog synthesizers in the world. The employee-owned company and its customers carry on the legacy of its founder, electronic musical instrument pioneer, Dr. Bob Moog.  All of Moog’s instruments are hand built in its factory on the edge of downtown Asheville, NC.

About Guitar Center
Guitar Center is a leading retailer of musical instruments, lessons, repairs and rentals in the U.S. With more than 280 stores across the U.S. and one of the top direct sales websites in the industry, Guitar Center has helped people make music for more than 50 years. Guitar Center also provides customers with various musician based services, including Guitar Center Lessons, where musicians of all ages and skill levels can learn to play a variety of instruments in many music genres; GC Repairs, an on-site maintenance and repairs service; and GC Rentals, a program offering easy rentals of instruments and other sound reinforcement gear. Additionally, Guitar Center’s sister brands include Music & Arts, which operates more than 150 stores specializing in band & orchestral instruments for sale and rental, serving teachers, band directors, college professors and students, and Musician’s Friend, a leading direct marketer of musical instruments in the United States. For more information about Guitar Center, please visit www.guitarcenter.com

FOR MORE INFORMATION PLEASE CONTACT:
Clyne Media | 615.662.1616 | pr@clynemedia.com   
Praytell Agency | guitarcenter@praytellagency.com
Guitar Center | 818.735.8800| media@guitarcenter.com 

IFROGZ Expands Wireless Audio Family by Introducing the Cocoon Earbud Charging Case

Tue, 15/05/2018 - 17:30

Portable Power and Storage for Wireless Earbuds Made Easy

SALT LAKE CITY, May 15, 2018 (GLOBE NEWSWIRE) -- IFROGZ®, a ZAGG Inc (NASDAQ:ZAGG) brand and a leading company in audio, today expanded its wireless audio family to include the IFROGZ Cocoon Earbud Charging Case. The built-in battery can power a pair of earbuds five times per chargei, and has room to store the earbuds, cables and other small items. The latest from IFROGZ continues the brand’s heritage of delivering reliable audio to the masses and is now available at IFROGZ.com and select retailers nationwide.

A product photo accompanying this release is available at http://resource.globenewswire.com/Resource/Download/70757073-05a5-4715-adc2-52cc3b50d3ec and a product feature video is available at https://www.youtube.com/watch?v=w4wbCc5HC7w&feature=youtu.be

“IFROGZ is on a crusade to bring quality audio to everyone at a price people can afford,” said Steve Bain, general manager for IFROGZ. “Our new Cocoon charging case gives consumers another opportunity to see our dedication to deliver a refined product without the unnecessary frills that drive up costs. With the Cocoon charging case, you can rest assured your earbuds are powered up and safely stored when you head to the gym or out for the day.”

The compact and portable Cocoon case comes with a built-in 580mAh battery that gives users the power to keep the music rolling with up to five full earbud charges to every one Cocoon charge. The hard-shell cover keeps earbuds safe, while the battery indicator light illuminates to show how much power you have left. Other key features include:

  • Quick latch silicone band
  • Deep dish design to fit most earbuds or wearables with a storage pocket for smaller items
  • Built-in micro USB charging port with 10cm cable length
  • One-year warranty

Availability
The IFROGZ Cocoon Wireless Earbud Charging Case, offered in Dark Grey/Red and Light Grey/Blue, is available now at IFROGZ.com for $29.99. For more information, visit IFROGZ.com.

About IFROGZ
IFROGZ is a top five brand in stereo headphones with more than 45O million units sold worldwide. IFROGZ redefines the hottest technologies to deliver the features consumers want most, while eliminating unnecessary add-ons that needlessly inflate costs. The world is becoming increasingly mobile and IFROGZ believes in making technology accessible for all. IFROGZ is based in Utah and has operations in the United States, Ireland, and China. IFROGZ products are available worldwide and can be found at leading retailers including Best Buy, Verizon, AT&T, Sprint, Walmart, Target, and Amazon.com. Visit IFROGZ.com and follow us on Facebook, Twitter and Instagram.

[1] Based on use with 65mAh battery wireless earbuds

About ZAGG Inc
ZAGG Inc (NASDAQ:ZAGG) is a global leader in accessories and technologies that empower mobile lifestyles. The Company has an award-winning product portfolio that includes screen protection, power management solutions, mobile keyboards, social tech, and personal audio sold under the InvisibleShield®, mophie®, ZAGG®, and IFROGZ® brands. ZAGG Inc has operations in the United States, Ireland, and China. For more information, please visit the company’s websites at www.zagg.com and www.mophie.com.

Contacts

Media:
The Brand Amp
Nicole Fait
949-438-1104
nicolef@thebrandamp.com

Company:
ZAGG Inc
Jeff DuBois
801-506-7336
jeff.dubois@ZAGG.com 



Transactions in relation to share buyback program

Tue, 15/05/2018 - 14:43

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 May 8, 2018 – May 14, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKKMay 8, 201820,615242.605,000,077May 9, 201820,000244.874,897,318May 14, 201830,000246.167,384,728Accumulated under the program175,569240.1942,170,112

Following the above transactions GN holds a total of 10,981,817 own shares corresponding to a nominal value of DKK 43,927,268 and 7.5% of the total share capital and the total voting rights in the company. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

For further information, please contact:

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

Or

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


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


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

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

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

Attachments

HP Accelerates Innovation with Stunning Lineup of Premium PCs

Mon, 14/05/2018 - 17:30

Latest HP Elite and ENVY PC innovations include world’s smallest business convertible and world’s widest curved All-in-One

PALO ALTO, Calif., May 14, 2018 (GLOBE NEWSWIRE) -- HP Inc. today unveiled a bold new lineup of premium notebooks, desktops and displays designed to empower wherever work and life takes you. The latest HP Elite 1000 and HP ENVY portfolios feature visually stunning design, powerful performance and maximum versatility to securely connect, create and collaborate from anywhere, anytime.

With 81 percent of people working during their personal time and more than half multi-tasking personal activities at work1, using a device that can straddle the realities of each environment is more important than ever. HP’s new premium lineup includes various form factors that meet an individual’s personal style and specific computing needs.

“HP’s undisputed design and engineering leadership is delivering the ultimate combination of style, performance and versatility,” said Ron Coughlin, President, Personal Systems, HP Inc. “With the world’s smallest business convertible, the first detachable and tablet with an integrated privacy screen, the widest curved All-in-One, and other industry-leading innovations, our new Elite and ENVY portfolios create unrivaled premium PC experiences.”

Premium Innovation for the Modern Office: HP Elite 1000 Series

Employees have differing expectations for their devices based on the way they work and live. The HP Elite 1000 series is an ideal match for the person who wants sleek design and durability, industry-leading security and collaboration tools as they weave in and out of their work day.

The HP Elite 1000 devices announced today are part of the world’s most secure and manageable PCs2 and include a full suite of solutions, including the HP Endpoint Security Controller, HP Sure Start Gen43 and HP Sure Run4 announced earlier this year. The all new HP EliteBook x360 1030 is the first device to feature optional HP Sure Recover with Embedded Reimaging5. This option stores the software system image in embedded memory, ensuring data recovery even if the hard drive is wiped and no network connection is available.

New devices in the HP Elite 1000 series include:

  • HP EliteBook x360 1030 G3 is the world’s smallest business convertible6 with a starting weight of only 2.76 lbs. and is 15.8 mm thin. With up to 18 hours of battery life7 and 4G Cat9 LTE 8 for ultimate connectivity, this sleek device features the world’s first active pen with proximity alert for business PCs9 to notify a user when the pen is left behind and an optional, first of its kind, outdoor viewable display.
  • HP Elite x2 1013 G3 now fits a 13-inch display into a 12-inch chassis, making it the world’s smallest business detachable10. For the truly mobile professional, this device is the world’s first detachable and tablet with an integrated privacy screen11, offers Intel® Quad Core™ vPro™ processors12 and up to 4G Cat9 LTE13.
  • HP EliteBook 1050 G1 is the world’s first ultra-slim business notebook with NVIDIA® GeForce® GTX 1050 graphics14, boasting powerful performance with optional hexacore processing12 and up to 4 TB of SSD storage15, perfect for the person who needs reliable performance in a sleek package. Along with the optional HP Privacy Camera to protect the webcam against malicious surveillance, the device has up to 16 hours of battery life7 for all-day connectivity and productivity.
  • HP EliteOne 1000 AiO G2 is the world’s first business class 34-inch curved AiO with discrete graphics16, and a beautiful and flexible design that makes it the perfect fit for the front desk, office or huddle room for meetings. The first AiO purpose-built for collaboration17, this AiO is an ideal video conferencing solution, with a FHD pop-up webcam, integrated collaboration keys, powerful audio and HP Noise cancellation.
  • HP EliteDisplay S14 is the world’s first 14-inch USB Type-C™ portable display18, bringing the power of dual-screen productivity in a sleek package. Designed for those on the go, this portable display is powered by a single USB Type-C™ connection for easy connectivity to any USB-C™ notebook.

Power to Do Anything: HP ENVY Portfolio

Today’s consumer wants a device that can do it all – whether at home, work or school, their device needs to keep up with their demanding lifestyle. That’s why HP packed the ENVY portfolio with amazing features that go beyond basic performance and battery improvements. The all new HP Command Center, available on the latest ENVY devices, allows users to optimize system performance, fan noise and temperature with CoolSense technology. Supporting Gigabit Wi-Fi speeds is also a feature on these devices, providing fast connectivity for demanding streaming apps for movies, music and gaming19. Many of these apps need powerful sound, which is why all HP ENVY devices have Audio by Bang & Olufsen. HP Sure View technology20 along with fingerprint readers or IR cameras are also available on select models to keep information safe and secure.

New PCs in the HP ENVY portfolio include:

  • HP ENVY 13 Laptop offers exceptional power in a sleek, stylish, all-metal design available in pale gold or natural silver. Featuring 8th generation Intel® Quad Core™ processors12, optional NVIDIA® GeForce® MX150 graphics, up to 14 hours of battery life7, and security features including a fingerprint reader and optional HP Sure View21, this device is designed for the on-the-go multi-tasker.
  • HP ENVY x360 13 is the newest device to the HP ENVY portfolio, and the first 13-inch convertible with the AMD Ryzen™ Processor with Radeon™ Vega Graphics22. This convertible is designed to perform and impress, with multi-threaded processing, powerful integrated graphics, optional HP Sure View21, and up to 11 hours of battery life7.
  • HP ENVY x360 15 is an ideal device for users seeking more creative experiences through touch and pen. For those seeking incredible multi-tasking performance, this device is available with either Intel or AMD processors, powerful storage and memory options including Intel® Optane®23, up to a 4K display and optional HP Sure View21. With up to 12 hours and 45 minutes of battery life7, this and all ENVY laptops and convertibles feature HP Fast Charge, which can charge a device to 50 percent in 45 minutes24.
  • HP ENVY 17 Laptop is one of the few desktop replacements with the everyday content creator in mind. Equipped with the powerful 8th Generation Intel® Quad-Core™ processors12, discrete NVIDIA® GeForce® MX 150 graphics, options including Intel® Optane® memory23, and optional 17-inch diagonal 4K display25, the ENVY 17 can handle productivity tasks, content creation and entertainment apps.
  • HP ENVY Curved AiO 34 is the world’s widest curved all-in-one26 and now the world’s first all-in-one with Amazon Alexa27, providing Alexa voice service with the convenience of a hands free experience with a visual display. This year’s AiOs stuns from any angle, incorporating a dark ash woodgrain finish on the base and back of the device, allowing it to stand out in a living space. The device is also designed to get things done, with optional NVIDIA® GeForce® GTX 1050 discrete graphics. The new HP Audio Stream, allows users to stream their favorite songs from a smartphone to the HP ENVY AiO speakers using Bluetooth® technology28. This generation’s wireless charging capability built into the base is three times more powerful than the previous generation, and the AiO has added security with a pop up privacy camera.
  • HP ENVY Desktop is designed for people wanting a versatile, premium design packed with incredible performance for demanding workloads and content creation. Designed with modern, minimalist details including rounded, diamond-cut corners and linear brushing detail, this device features 8th Generation Intel® Core™ multi-core processors12, optional NVIDIA® GeForce® GTX 1080 graphics, and optional Intel® Optane™ Memory23 for better system responsiveness without sacrificing storage capacity.

Pricing and Availability

  • HP EliteBook x360 1030 G3 is expected to be available in June for a starting price of $1,449.
  • HP Elite x2 1013 G3 is expected to be available in June for a starting price of $1,499.
  • HP EliteBook 1050 G1 is expected to be available in May for a starting price of $1,899.
  • HP EliteOne 1000 AiO G2 is expected to be available in June for a starting price of $1,279.
  • HP EliteDisplay S14 is expected to be available in July for a starting price of $219.
  • HP ENVY 13 Laptop is expected to be available in May at HP.com for a starting price of $999.99.
  • HP ENVY x360 13 is expected to be available in May at HP.com for a starting price of $759.99.
  • HP ENVY x360 15 is expected to be available in May at HP.com for a starting price of $749.99 (AMD version) and $869.99 (Intel version).
  • HP ENVY 17 Laptop is expected to be available in May at HP.com for a starting price of $1,049.99.
  • HP ENVY AiO 27 is expected to be available in May at HP.com for a starting price of $1,399.99. The 34-inch curved version of the device is expected to be available later this year.
  • HP ENVY Desktop is expected to be available in May at HP.com for a starting price of $799.99.

For more information about HP’s consumer premium devices, visit: http://www8.hp.com/us/en/premium/laptops/index.html. For more information about HP Elite devices for businesses, visit www.hp.com/go/elite.

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.                                                                                               

1 C Space Primary Proprietary Research with online communities, 2015 

2 Based on HP’s unique and comprehensive security capabilities at no additional cost and HP Manageability Integration Kit’s management of every aspect of a PC including hardware, BIOS and software management using Microsoft System Center Configuration Manager among vendors with >1M unit annual sales as of January 2018 on HP Elite PCs with 7th Gen and higher Intel® Core® Processors, Intel® integrated graphics, and Intel® WLAN.8.  ​

3 HP Sure Start Gen4 is available on HP Elite and HP Pro 600 products equipped with Intel® 8th generation processors.

4 HP Sure Run is available on HP Elite products equipped with 8th generation Intel® or AMD® processors. 

5 HP Sure Recover with Embedded Reimaging is an optional feature that must be configured at purchase and is available on select HP Elite PCs. Not available on platforms with multiple internal storage drives, Intel® Optane™. You must back up important files, data, photos, videos, etc. before using HP Sure Recover Premium to avoid loss of data, photos, videos, etc. before using HP Sure Recover to avoid loss of data.

6 Based on competitors as of April 2018 of convertible, non-detachables with Windows Pro OS and 8th Gen U series Intel® Core™ vPro™ processors. Smallest based on volume.

7 Windows 10/ MM14 battery life will vary depending on various factors including product model, configuration, loaded applications, features, use, wireless functionality, and power management settings. The maximum capacity of the battery will naturally decrease with time and usage. See www.bapco.com for additional details.

8 Based on convertible, non-detachables with Windows Pro OS and 8th Gen Intel® Core™ i U series vPro™ processors offering Category 9 4G LTE WWAN modules as of April 2018.

9 Based on active pens with wireless short range proximity alert and are sold with PCs with preinstalled encryption, authentication, malware protection and BIOS-level protection, passing MIL-STD 810G tests with optional docking incorporating power delivery as of April 2018.

10 Based on competitors as of April 2018 of detachables with Windows Pro OS and 8th Gen U series Intel® Core™ vPro™ processors. Smallest based on volume.

11 HP Sure View integrated privacy screen is an optional feature that must be configured at purchase and is designed to function in landscape orientation.

12 Multi-Core is designed to improve performance of certain software products. Not all customers or software applications will necessarily benefit from use of this technology. Performance and clock frequency will vary depending on application workload and your hardware and software configurations. Intel’s numbering is not a measurement of higher performance.

13 WWAN is an optional feature, requires factory configuration and separately purchased service contract. Check with service provider for coverage and availability in your area. 4G LTE not available on all products, in all regions.

14 Based on ultra-slim business notebooks having preinstalled encryption, authentication, malware protection and BIOS-level protection, passing MIL-STD 810G tests with optional docking incorporating power delivery as of April 2018.

15 For storage drives, GB = 1 billion bytes. TB = 1 trillion bytes. Actual formatted capacity is less.

16 Based on EliteOne 1000 G1 and G2 AiOs and HP’s internal analysis as of May 2018 of AiOs having built-in conferencing controls, voice audio tuning, noise reduction software, > or = 80db audio, 1080p webcam.

17 Based on EliteOne 1000 G1 and G2 AiOs and HP’s internal analysis as of May 2018 of AiOs having built-in conferencing controls, voice audio tuning, noise reduction software, > or = 80db (tbc) audio, 1080p webcam

18 Based on 14" portable displays as of May 1, 2018.

19 Internet service required and not included.

20 HP Sure View available on select HP ENVY laptop FHD non-touchscreen configurations and requires factory configuration. Brightness will vary between sharing and privacy modes.

21 HP Sure View available on select HP ENVY laptop FHD non-touchscreen configurations and requires factory configuration. Brightness will vary between sharing and privacy modes.

22 Based on consumer convertible PCs on the market as of May 10, 2018.

23 Intel® Optane™ memory system acceleration does not replace or increase the DRAM in your system.

24 Recharges your battery up to 50% within 45 minutes when the system is off (using “shut down” command). Recommended for use with the HP adapter provided with the notebook, not recommended with a smaller capacity battery charger. After charging has reached 50% capacity, charging speed will return to normal speed. Charging time may vary +/-10% due to System tolerance. Available on select HP ENVY PC models.

25 4K content required to view full 4K images.

26 Based on diagonal measurement of the screen, consumer all-in-one’s as of May 14, 2018.

27 Based on consumer All-in-ones PCs on the market as of May 14, 2018. Echo devices and other Alexa-enabled devices are not included and must be purchased separately.  Amazon, Alexa, and all related logos and motion marks are trademarks of Amazon.com, Inc. or its affiliates.

28 Supports devices with Android 5.0 and higher iPhone with iOS 11. Bluetooth must be turned on in setting for device detection and data charges may apply. Bluetooth® is a trademark owned by its proprietor and used by HP Inc. under license.

A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/8f72f336-ddcd-4258-b4f9-cf668974d196

 

CONTACT: Jenni Balthrop, HP Consumer PCs Jenni.Balthrop@hp.com Christina Wahl, HP Commercial PCs Christina.Wahl@hp.com www.hp.com/go/newsroom

Stingray Lands Global 5-Year Deal to Develop and Market The Voice Singing App

Mon, 14/05/2018 - 16:30

MONTREAL, May 14, 2018 (GLOBE NEWSWIRE) -- Ever thought you have what it takes to make The Voice judges turn around and take notice? Thanks to Stingray’s The Voice singing app, all you need is a mobile device to put those singing skills to the test and share your talent with the world! Stingray (TSX:RAY.A) (TSX:RAY.B) today announced that it has been selected by Talpa Media, creator of The Voice, to develop, publish, and market worldwide the juggernaut of singing competitions’ new companion singing app.

Stingray is an established leader in the development of successful karaoke services and interactive apps, including Yokee – Sing Karaoke, Stingray Karaoke, and Kids Karaoke. Stingray apps have been downloaded over 100 million times by music fans and amateur singers worldwide.

The Voice singing app will be launched worldwide in December 2018.  

The Voice singing app for mobile devices will be developed by Stingray’s Yokee team (acquired by Stingray in May 2017) and will be powered by the same technology used by the immensely popular Yokee family of music apps (Yokee – Sing Karaoke, Yokee Piano, Yokee Guitar).

The Voice key app features:

  • Choice of tens of thousands of songs; from current chartbusters to all-time classics.
  • Rich and powerful recording studio capabilities - fine control over vocal effects and the ability to re-record specific song segments to perfection.
  • Powerful video recording engine that allows singers to create mesmerizing video clips with real time and rich video effects.
  • Pitch guide that allows singers to sing exactly on key.
  • Ability to record duets with other friends who use the app.
  • A full-featured social framework that allows singers to create profiles, share their performances, follow other singers, and get performance feedback from other community members.
  • AI-powered recommendation engine that allows users to choose the perfect songs for their taste.

The app will be free to download from the Apple and Google Play app stores and will offer a selection of complimentary songs. The entire song catalog will be accessible with a VIP in-app subscription.

Stingray will count on the expertise and proven success of user acquisition specialists and mobile publisher Tilting Point Media LLC to promote the app to The Voice’s millions of fans around the world. The deal was brokered by Evolution USA, Talpa Media’s licensing agency for mobile rights.

Quote

“Entering into a high profile, long-term partnership with Talpa Media to develop and market an app based on one of the entertainment world’s most recognized properties is a coup for Stingray and confirms our reputation as a premier music app developer,” said Eric Boyko, President, Co-founder, and CEO of Stingray. “The expertise of the Yokee team in developing social music apps is without equal. We look forward to contributing to keeping The Voice fans around the world engaged, entertained, and connected to their favorite show.”

“We are thrilled to work together with Stingray as our premium partner for The Voice Singing app,” said Maarten Meijs, Managing Director of Talpa Global. “As a world leader in multiplatform music services we believe that Stingray is a perfect fit for our global hit format The Voice. With this new partnership we look forward to further extend our brand visibility and reach even more fans around the globe.”

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

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

For more information, please contact:
Mathieu Péloquin
Senior Vice-President, Marketing and Communications
Stingray
1 514-664-1244, ext. 2362
mpeloquin@stingray.com

SAE Expression College Announces Summer Camp Programs in Audio & Digital Film

Thu, 10/05/2018 - 21:30

The global leader in creative media studies introduces a summer camp experience for aspiring audio producers and digital film makers.

Emeryville, CA, May 10, 2018 (GLOBE NEWSWIRE) -- SAE Expression College announced the expansion of its creative media offerings with the launch of two week-long summer camp programs, Introduction to Recording and Introduction to Digital Filmmaking. Debuting at the Emeryville campus, these two programs have limited-seating for current High School age students and recent High School graduates. Both camp sessions will run from June 4-8, 2018 with a registration cost of $499.00 per student.

Do you have a passion for mixing and recording music? The week-long Introduction to Recording session, led by experienced audio industry instructors, will give you a preview of what it’s like to operate a professional recording studio. Learn how to setup microphones, record a live band, and create your own mix and see if you have what it takes to build a future in the audio industry. Students will showcase their work with a live concert on their final day of camp.

If you desire to be creative behind the camera, our week-long Introduction to Digital Film will put you behind the camera on an industry standard sound stage. Students will learn the basics of storytelling, scripting a screenplay, and the techniques on how to shoot and edit a digital film, culminating with a fully edited film to showcase on the last day of camp.

“These summer camps offer students an insight into the world of the entertainment industry and the opportunity to get hands-on experience from industry professionals,” says Elmo Frazer, Campus Director at SAE Expression College. “Students will learn the fundamentals of recording and mixing audio or writing, shooting, and editing for film from start to finish.”

To learn more about SAE Expression College, or to request additional information about the summer camp programs, visit usa.sae.edu/camp.

About SAE Institute

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

About Navitas

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

Attachment

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

Advantego Announces Strategic Partnership With Aftermaster Audio Labs

Thu, 10/05/2018 - 18:13

Advantego to introduce Aftermaster Pro to audiological market in North America

DENVER, CO, May 10, 2018 (GLOBE NEWSWIRE) -- Advantego Corporation (OTC PINK: ADGO) today announced a Strategic Partnership Agreement with Aftermaster Audio Labs, Inc. (OTCQB: AFTM) of Hollywood, CA.

The agreement gives Advantego the rights to promote and distribute Aftermaster’s proprietary consumer TV audio product, Aftermaster Pro (patents issued and pending), to thousands of professional clinics serving the hearing impaired (audiological) market in North America.

Smaller than an iPhone, the Aftermaster Pro is a revolutionary product that works with TVs, sound bars and add-on audio systems to address the major TV audio problem existing today: not being able to hear dialogue clearly and overly loud special effects.

The Aftermaster Pro is a Personal Audio Remastering Device that transforms television audio from virtually all audio/video sources and raises and clarifies dialogue and vocal levels while making all surrounding audio sound substantially clearer and leveled.  The Aftermaster device is especially effective for those that are hearing impaired.

“This product is a perfect addition to the marketing campaign that we are conducting with some of our other strategic partners to promote public awareness about hearing loss and provide support products to patients and family members visiting the 15,000+ audiological hearing aid clinics in North America,” Robert W. (Rob) Ferguson, Advantego’s Chief Executive Officer, said in making the announcement.

“Aftermaster has an elite group of music and audio tech veterans who are proud to claim the largest discography of hit recordings of any audio technology company in the world,” Ferguson continued. “They are the experts in knowing how to produce high quality sound,” he added.

Aftermaster Audio Labs, Inc. CEO, Larry Ryckman, further explained: “We have found that our Aftermaster Pro is especially coveted by the hearing impaired for watching TV.  Our device doesn’t just boost the dialogue portion, it delivers unparalleled clarity, depth, fullness and volume throughout the entire frequency range without any compromises.  Unlike other audio post-production processes, we preserve the original intention of an audio event and bring greater clarity, depth and amplitude to all the audio elements without changing the integrity of the underlying production.”

Ferguson also pointed out: “After I listened to a before-and-after comparison, I knew Aftermaster’s products would have tremendous benefits, not just for the hearing impaired, but for anyone who wants a richer listening experience.”

The Strategic Partnership Agreement is expected to be followed shortly by a Definitive Agreement and initial program rollout within the next 100 days.  During this time, both parties have agreed not to solicit or entertain competing offers for similar products and/or services aimed at the audiological business sector.

ABOUT ADVANTEGO CORPORATION

Advantego Corporation (OTC PINK: ADGO) designs, develops and implements digital communications and intelligent software solutions as a specialized Business Process as a Service (BPaaS). The Company’s products and services are provided through its wholly-owned operating subsidiary, Advantego Technologies Inc., which leverages its proprietary “Intelligent Solution Platform.”  This platform combines existing data and systems and integrates “best in class”, third-party technologies to provide a comprehensive, managed solution that significantly enhances internal operations and marketing efficiency.  These elite, custom business solutions are available to large enterprises, affiliate networks and franchise operators as all-inclusive, managed bundled services.  The Company also offers a variety of stand-alone products specific to targeted industries.  Website: www.advantego.com.

ABOUT AFTERMASTER AUDIO LABS

Aftermaster offers a variety of professional products include Aftermaster Pro, Aftermaster Studio Pro and Aftermaster Digital Signal Processing (DSP) embedded technology for a wide range of audio-enabled products.  AfterMaster, Inc. and its subsidiaries are engaged in the development and commercialization of proprietary, leading-edge audio and video technologies for professional and consumer use, including AfterMaster HD Audio and ProMaster HD Audio.  The Company's wholly-owned subsidiaries include MyStudio, Inc. and AfterMaster HD Audio Labs, Inc.  Website: www.aftermaster.com.

FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements within the meaning of the Securities Act.  As a general matter, forward-looking statements may reflect our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business.

These statements may be identified using forward-looking terminology such as "may", "will", "expects", "plans", "estimates", "anticipates", "projects", "intends", "believes", "outlook and similar expressions.  The forward-looking statements contained in this news release are based upon our historical performance, current plans, estimates, expectations and other factors we believe are appropriate under the circumstances.  The inclusion of this forward-looking information is inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated.  Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements.  Statements regarding the following subjects, among others, may be forward-looking: our business and investment strategy; our projected operating results; estimates relating to our ability to make distributions to our stockholders in the future and economic trends.

CONTACT: CONTACT: GREG McANDREWS & ASSOCIATES Gregory A. McAndrews (310) 804-7037 mcandrews_pr@hotmail.com

Aftermaster Audio Labs Announces Strategic Partnership Agreement With Advantego

Thu, 10/05/2018 - 18:00

Aftermaster Pro to be introduced to audiological market in North America

HOLLYWOOD, Calif., May 10, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- Aftermaster Audio Labs, Inc. (OTCQB:AFTM) of Hollywood, CA, today announced a strategic partnership agreement with Advantego Corporation (OTC PINK:ADGO).

The agreement gives Advantego the rights to promote and distribute Aftermaster’s proprietary consumer TV audio product, Aftermaster Pro (patents issued and pending), to thousands of professional clinics serving the hearing impaired (audiological) market in North America.

Smaller than an iPhone, the Aftermaster Pro is a revolutionary product that works with TVs, sound bars and add-on audio systems to address the biggest TV audio problems existing today: not being able to hear dialogue clearly and overly loud special effects.

The Aftermaster Pro is a Personal Audio Remastering Device that transforms television audio from virtually all audio/video sources and raises and clarifies dialogue and vocal levels while making all surrounding audio sound substantially clearer and leveled. The Aftermaster device is especially effective for those that are hearing impaired.

Aftermaster Audio Labs, Inc. CEO Larry Ryckman states, “We have found that our Aftermaster Pro is especially coveted by the hearing impaired for watching TV. Our device doesn’t just boost the dialogue portion, it delivers unparalleled clarity, depth, fullness and volume throughout the entire frequency range without any compromises. Unlike other audio post-production processes, we preserve the original intention of an audio event and bring greater clarity, depth and amplitude to all the audio elements without changing the integrity of the underlying production."

In announcing the partnership, Robert W. (Rob) Ferguson, Advantego’s chief executive officer, said, “This product is a perfect addition to the marketing campaign that we are conducting with some of our other strategic partners to promote public awareness about hearing loss and provide support products to patients and family members visiting the 15,000+ audiological hearing aid clinics in North America.”

“Aftermaster has an elite group of music and audio tech veterans who are proud to claim the largest discography of hit recordings of any audio technology company in the world,” Ferguson continued. “They are the experts in knowing how to produce high quality sound.”

 “After I listened to a before-and-after comparison, I knew it would have tremendous benefit, not just for the hearing impaired, but for anyone who wants a richer listening experience,” Ferguson pointed out.

The Strategic Partnership Agreement is expected to be followed shortly by a Definitive Agreement and initial Program Rollout within the next 100 days.  During this time, both parties have agreed not to solicit or entertain competing offers for similar products and/or services aimed at the audiological business sector.

ABOUT AFTERMASTER AUDIO LABS

Aftermaster offers a variety of professional products include Aftermaster Pro, Aftermaster Studio Pro and Aftermaster Digital Signal Processing (DSP) embedded technology for a wide range of audio enabled products.  AfterMaster, Inc. and its subsidiaries are engaged in the development and commercialization of proprietary, leading-edge audio and video technologies for professional and consumer use, including AfterMaster HD Audio and ProMaster HD Audio.  The Company's wholly-owned subsidiaries include MyStudio, Inc. and AfterMaster HD Audio Labs, Inc. Website: www.aftermaster.com.

ABOUT ADVANTEGO CORPORATION

Advantego Corporation (OTCPK:ADGO) designs, develops and implements digital communications and intelligent software solutions as a specialized Business Process as a Service (BPaaS). The Company’s products and services are provided through its wholly-owned operating subsidiary, Advantego Technologies Inc., which leverages its proprietary “Intelligent Solution Platform.” This platform combines existing data and systems and integrates “best in class”, third-party technologies to provide a comprehensive, managed solution that significantly enhances internal operations and marketing efficiency. These elite, custom business solutions are available to large enterprises, affiliate networks and franchise operators as all-inclusive, managed bundled services. The Company also offers a variety of stand-alone products specific to targeted industries. Website: www.advantego.com.

FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements within the meaning of the Securities Act.  As a general matter, forward-looking statements may reflect our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business.

These statements may be identified using forward-looking terminology such as "may", "will", "expects", "plans", "estimates", "anticipates", "projects", "intends", "believes", "outlook and similar expressions.  The forward-looking statements contained in this news release are based upon our historical performance, current plans, estimates, expectations and other factors we believe are appropriate under the circumstances.  The inclusion of this forward-looking information is inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated.  Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements.  Statements regarding the following subjects, among others, may be forward-looking: our business and investment strategy; our projected operating results; estimates relating to our ability to make distributions to our stockholders in the future and economic trends.

Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Stingray to Release its Full Year Fiscal 2018 Results

Wed, 09/05/2018 - 16:30

MONTREAL, May 09, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (TSX:RAY.A) (TSX:RAY.B) will release its financial results for the fourth quarter and fiscal year ended March 31, 2018, on Thursday, June 7, 2018, before the market opens. Management will hold a conference call to discuss the financial results the same day at 10:00 a.m. Eastern Time.

Details of the Conference Call

Via the internet at www.stingray.com

Via telephone: (877) 223-4471 or (647) 788-4922

Conference Call Rebroadcast

A rebroadcast of the conference call will be available two hours after its broadcast, and until midnight, July 7, 2018, by dialing (800) 585-8367 or (416) 621-4642 and entering passcode 1387128.

About Stingray

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


Contact information:

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

Transactions in relation to share buyback program

Tue, 08/05/2018 - 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 May 2, 2018 – May 7, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKKMay 2, 201829,245232.746,806,373May 3, 201828,394235.946,699,303May 4, 201828,340239.376,783,873May 7, 201818,980242.284,598,440Accumulated under the program104,959237.1224,887,990

Following the above transactions GN holds a total of 10,911,207 own shares corresponding to a nominal value of DKK 43,644,828 and 7.5% of the total share capital and the total voting rights in the company. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

For further information, please contact:

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

Or

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


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


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

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

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

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SABRE DACs from ESS Technology to Integrate MQA Rendering, Studio-Quality Sound Made Simple

Tue, 08/05/2018 - 05:30

ESS Technology’s legendary SABRE DACs will feature integrated MQA rendering that allows for easy implementation of MQA sound into a wide variety of applications

MILPITAS, Calif., May 07, 2018 (GLOBE NEWSWIRE) -- ESS Technology, the industry leader in audio and analog design, announced today that they will introduce versions of their SABRE® audio DACs that feature integrated MQA rendering.

MQA technology is becoming widely accepted as a standard for distributing ultra-high-quality music across a variety of platforms.  The encoding process folds extra information into the signal that can be recovered later.  The resulting signal sounds great on its own and improves with systems that unfold the extra data and take advantage of the full range and dynamics of the master file created in the studio.

This “unfolding” process takes place in two steps: the first unfold, called Core Decoding, can be done on most DSP systems, and system designers looking to implement this can take advantage of standard code.  In fact, this process is already included in many existing PC software music applications such as Tidal, Roon, Amarra and Audirvana.  Core Decoding is also available in dedicated portable devices such as Onkyo and Pioneer players as well as several smartphones.

The final step in the unfolding, called rendering, needs to be done in tight cooperation with the DAC.  The quality of the rendering depends on the DAC output filters and this has typically involved hand tuning each design.  But the agreement between ESS and MQA will make that a whole lot easier!

ESS will soon introduce SABRE Mobile DACs and Headphone Systems with integrated MQA rendering.  Integrating the renderer as a hardware block coupled to the DAC achieves several advantages including ease-of-design, improved performance, and lower power.

At the heart of this solution is the legendary SABRE® DAC, which provides amazing sound quality with a stable image and immersive sound-stage.  The HyperStream® II modulator and QUAD DAC™ Technology allow users to hear every nuanced detail.  The SABRE brand is widely recognized as providing the best sounding DACs on the market and is the choice of leading audiophile brands. 

Combining the MQA rendering with the DAC will eliminate all the manual tuning and software integration that is required when using a separate DSP and stand-alone DACs.  The system designer won’t need to worry about the implementation at all.  Automatic rendering will allow the system to instantly detect a Core MQA stream and configure the custom filter settings to give the optimal-quality output.  The combined hardware blocks allow for the solution to be implemented without a DSP, saving power as well as size and cost.

These small and lower power solutions will be ideal for active headphones that can offer MQA whenever a software decoder is active on the device.  They also offer compelling value to table-top or portable players that want to offer great sounding DACs with a full MQA solution. Wherever you are, you can enjoy a supreme listening experience with SABRE DACs from ESS Technologies.

About ESS Technology
For more than three decades, ESS Technology has been on the cutting edge of audio technology. A privately-held fabless semiconductor company, ESS Technology designs and markets high-performance analog and HiFi audio devices for mobile, consumer, automotive, and professional audiophile systems. The company was founded in 1984 and today ESS Technology is best known for its SABRE series of high-performance audio products. For more information, visit http://www.esstech.com.

About MQA
Using pioneering scientific research into how people hear, the MQA team has created a technology that captures the sound of the original studio performance. The master MQA file is fully authenticated and is small enough to stream, while also being backward compatible, so you can play MQA music on any device. MQA’s award-winning technology is licensed by labels, music services and hardware manufacturers worldwide and is certified by the RIAA. MQA is a UK-based private company.
For more information visit www.mqa.co.uk
Follow MQA on: Facebook  Twitter  You Tube

A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/8c024be1-4265-483d-b93c-530c2059d592

CONTACT: Contact: Shawn Scarlett 408-643-8982

Avid Technology Announces Conference Call to Discuss First Quarter 2018 Financial Results

Thu, 03/05/2018 - 01:35

Burlington, Mass., May 02, 2018 (GLOBE NEWSWIRE) -- Avid® (NASDAQ:AVID), the platform that powers media and entertainment, today announced that Jeff Rosica, Chief Executive Officer and President, and Brian E. Agle, Senior Vice President and Chief Financial Officer, will hold a conference call on Thursday, May 10, 2018 at 5:00 p.m. ET to discuss the company’s financial results for the first quarter of 2018.

  • The dial-in number is: 323-794-2093
  • The replay number is: 719-457-0820
  • The confirmation code and replay passcode is: 5575970

The conference call will also be available via live audio Webcast and subsequent replay on the company's website. To listen online, please visit http://ir.avid.com.  

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™, Avid 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

Stingray Acquires Newfoundland Capital Corporation Limited, One of Canada’s Leading Radio Broadcasters

Thu, 03/05/2018 - 01:11
  • Stingray to become Canada’s largest public independent media company
  • $506 million transaction marks Stingray’s entry into the broadcast radio market
  • Supports Stingray’s growth and strategy through a complementary vertical, new revenue sources, and significant advertising revenue synergies
  • Transaction financing includes $450 million new credit facilities and $180 million of equity, comprised of a $83 million bought deal offering of subscription receipts, a $40 million private placement of subscription receipts to Caisse de dépôt et placement du Québec, $40 million share exchange to NCC shareholders and $17 million from the exercise of preemption rights from the Boyko Group

Not for distribution to U.S. news wire services or dissemination in the United States.

MONTREAL, May 02, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (“Stingray”) (TSX:RAY.A) (TSX:RAY.B) today announced that it has signed a definitive agreement to acquire all of the issued and outstanding shares of Newfoundland Capital Corporation Limited (“NCC”) (TSX:NCC.A) (TSX:NCC.B), one of Canada’s leading radio broadcasters with 101 licences (82 FM and 19 AM) across Canada. A major addition to Stingray’s current offering, which includes specialty television channels and multiplatform music and video services, this transaction is expected to significantly strengthen its position as the leading independent music business in the Canadian media landscape while continuing to build its global reach, and support its growth strategy through a complementary vertical and new revenue sources.

Stingray will acquire all of the Class A Subordinate Voting Shares and Class B Common Shares of NCC for $14.75 per share, representing a premium of approximately 16% based on NCC’s volume-weighted average closing share price on the TSX for the last 20 trading days (the “Transaction”). The Transaction is valued at approximately $506 million (the “Purchase Price”), including the assumption of a net debt of approximately $112 million as at December 31, 2017. Management expects the combination to be more than 30% accretive to Stingray’s Adjusted net income per share within the first full fiscal year of operations after closing.

NCC reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales, and networking. NCC operates 72 local radio stations and 29 repeating stations — also available on web and mobile — in seven (7) provinces from coast to coast. NCC holds the second largest number of radio licences in Canada. NCC is headquartered in Dartmouth, Nova Scotia and employs approximately 800 radio professionals nationwide.

Transaction Rationale

Unique opportunity to create Canada’s largest public independent media company

  • Confirms Stingray’s leading position as a multiplatform music products and services provider by adding 72 local radio stations and 29 repeating stations also available nationally through the web and mobile apps
  • Well-positioned to continue to pursue strategic acquisitions across all platforms and geographies, including fragmented Canadian regional radio market
  • Strengthens Stingray's position as the leading independent music business in the Canadian media landscape
  • Increases Stingray’s reach by millions of weekly listeners across Canada
  • Provides a national promotion platform to accelerate Stingray’s mobile subscriber growth, a new channel to promote Stingray’s SVOD products and specialty TV channels

Diversifies Stingray’s revenue profile with complementary advertising revenues

  • Provides Stingray with a balanced mix of revenues from telcos, cablecos, commercial music (retailers) and national and local advertising
  • Leverages NCC’s advertising client base and sales force to grow Stingray's TV specialty channels advertising revenues
  • $5 million of expected incremental advertising revenues within 18 to 24 months post-closing

Acquisition of a leading radio operator with a strong financial profile

  • #2 private radio player in Canada by number of radio stations and #3 by revenue
  • Coast to coast geographical reach with a presence in seven (7) provinces
  • CRTC regulated business providing stable returns with best-in-class operating metrics
  • Experienced management and sales team

Expected cost synergies and cross-selling opportunities

  • $8 million expected head office cost reductions and public company cost savings within the first year
  • Provides Stingray instant access to an experienced advertising sales team and existing national and local client base
  • Opportunity to cross-sell Stingray’s products across established retail client base, including: restaurant chains, grocery stores, consumer staples, car dealerships, telcos and financial institutions

Bolsters Stingray’s financial profile to accelerate its acquisition strategy

  • Expected to significantly increase Stingray’s Adjusted EBITDA and Adjusted free cash flow
  • Expected significant first year accretion to Adjusted net income per share of more than 30%
  • Robust free cash flow generation expected to support Stingray’s growth and dividend policy
  • Financial flexibility expected to be maintained to pursue ongoing tuck-in acquisition strategy

“This transaction with NCC comes after months of careful review” said Eric Boyko, President, Co-founder, and CEO of Stingray. “It represents a considerable milestone for Stingray — positioning us as Canada’s largest public independent media company — and a valuable opportunity for our stakeholders. We have found in NCC an established and trusted partner with a proven track record of delivering results in niche markets across the country. I am excited to expand Stingray’s operations into radio broadcasting and bring on board some of Canada’s most popular on-air talent and an experienced sales force, which will help us grow our revenue streams. I look forward to welcoming the NCC team to the Stingray family and collaborating with the current management in place.”

“Today marks the start of an exciting chapter for NCC” said Rob Steele, Chairman, President and CEO, of NCC. “By joining forces with Stingray, we are of the view that the synergies will allow our business to move towards even greater success. Together, we have begun to build a solid foundation for Canada’s next great media group.  We expect that our combined company will stand out in today’s fiercely competitive market for its world-class talent and complementary service offering. On behalf of NCC’s management and Board of Directors, I am thrilled NCC is joining the Stingray family.”

Transaction Details
For each NCC share, shareholders will receive between $13.17 and $13.28 in cash with the balance of the price to be paid in Stingray subordinate voting shares (or Stingray variable subordinate voting shares, as applicable). This will result in between 0.15371 and 0.14294 Stingray shares for each share of NCC owned, based on the total number of NCC shares outstanding at closing. They will also be entitled to continue to receive regular semi-annual dividends in the amount of $0.25 per share that would be expected to be declared by NCC until closing of the Transaction.

The Transaction will be effected through a plan of arrangement and will be subject to the approval of 66 2/3% of the votes cast by NCC shareholders, voting together as a single class, at a special meeting of NCC shareholders expected to be held in July 2018 (the “Special Meeting”). In addition to NCC shareholder approval, the Transaction is subject to customary closing conditions, including court, Canadian Radio-television and Telecommunications Commission (CRTC) and other regulatory approvals.

The Board of Directors of NCC, having received a unanimous recommendation from a special committee comprised solely of independent directors (the “Special Committee”), has unanimously (excluding any director not entitled to vote) approved the Transaction and recommends that NCC shareholders vote in favour of the Transaction. The financial advisor to the Special Committee, Blair Franklin Capital Partners, has provided an opinion to the Board of Directors and the Special Committee to the effect that the consideration to be received by NCC shareholders is fair, from a financial point of view, to such shareholders.

Members of the Steele Family, representing approximately 87% of the outstanding shares and approximately 93% of the voting rights of NCC, have entered into irrevocable voting support agreements in favour of the Transaction, and a 5-year lockup and voting trust agreement in favour of Eric Boyko for the Stingray shares to be received by them as consideration in the Transaction. In addition, directors and senior officers of NCC that beneficially own NCC shares have also entered into voting support agreements pursuant to which, subject to certain terms and conditions, they have agreed to vote all of their NCC shares in favour of the Transaction at the Special Meeting.

The agreement between Stingray and NCC provides for a non-solicitation covenant on the part of NCC, subject to customary "fiduciary out" provisions, and a right in favour of Stingray to match any superior proposal. If Stingray does not exercise its right to match, Stingray would receive a termination fee of $12 million should NCC support any superior proposal. A reverse termination fee of $12 million would also be payable by Stingray to NCC under certain circumstances.

Upon closing, Mr. Rob Steele will step down as President and Chief Executive Officer of NCC and Mr. Ian S. Lurie will continue to assume leadership responsibilities with regards to Stingray’s new radio operations.

Further information regarding the Transaction will be contained in a management proxy circular that NCC will prepare, file and mail to NCC shareholders in advance of the Special Meeting. Copies of the arrangement agreement, voting support agreement and management proxy circular will be available on SEDAR at www.sedar.com.

Closing of the Transaction is expected to occur by the end of 2018, but no later than May 2, 2019.

Financial Considerations
The Transaction is being funded through a combination of:

  • $83 million bought deal public offering (the “Offering”) of subscription receipts of Stingray (the “Subscription Receipts”) at a price of $10.40 per Subscription Receipt and additional gross proceeds of up to $12 million pursuant to an Over-Allotment Option (as defined below);
  • $40 million private placement (the “Concurrent Private Placement”) of subscription receipts of Stingray (the “Private Placement Subscription Receipts”) at a price of $10.40 per Private Placement Subscription Receipt with the Caisse de dépot et placement du Québec (“La Caisse”) and additional gross proceeds of up to $6 million in the event the Over-Allotment Option is exercised;
  • $17 million in subscription receipts (the "MVS Subscription Receipts") through the exercise by members of the Boyko Group of subscription rights attached to their multiple voting shares of Stingray;
  • $40 million through a share exchange as part of the consideration payable to NCC shareholders; and
  • $450 million of new committed credit facilities.

Management expects the Transaction to be more than 30% accretive to Stingray’s Adjusted net income  per share within the first full fiscal year of operations after closing.

Assuming the realisation of expected cost and revenue synergies described above, without considering any restructuring, integration expenses and transaction-related costs, management estimates the enterprise value multiple to represent approximately 7.7x the trailing twelve months Adjusted EBITDA of NCC for the period ended December 31, 2017.

Pro forma Net debt to Adjusted EBITDA is expected to be approximately 3.6x at closing and stand at approximately 2.5x Net debt to Adjusted EBITDA 18 to 24 months after closing.

Public Offering of Subscription Receipts on a Bought Deal Basis
To finance the payment of a portion of the Purchase Price and related expenses, Stingray has entered into an agreement with National Bank Financial Inc. and BMO Capital Markets, on behalf of a syndicate of underwriters (the “Underwriters”) under which they have agreed to purchase on a bought deal basis from Stingray 7,981,000 Subscription Receipts at a purchase price of $10.40 per Subscription Receipt for gross proceeds of $83 million. Each Subscription Receipt will entitle the holder thereof to receive, upon the satisfaction of certain conditions and without payment of additional consideration or further action, either one subordinate voting share of Stingray or one variable subordinate voting share of Stingray, depending on whether the holder is a “Canadian” under the Broadcasting Act (Canada).

In addition, Stingray has granted the Underwriters an option to purchase up to an additional 1,197,150 Subscription Receipts at any time up to 30 days after closing of the Offering (the “Over-Allotment Option”), for additional gross proceeds of up to $12 million. The Subscription Receipts will be offered in all provinces and territories of Canada pursuant to a short form prospectus to be filed by Stingray in accordance with National Instrument 44-101 - Short Form Prospectus Distributions.

The issuance of the Subscription Receipts pursuant to the Offering is subject to customary approvals of applicable securities regulatory authorities, including the Toronto Stock Exchange. Closing of the Offering is expected to occur on or about May 23, 2018. The Offering and the Concurrent Private Placement (described below) are conditional upon each other. The Offering is also conditional upon there being no termination of the Transaction or announcement of such termination prior to the closing of the Offering.

Private Placement of Subscription Receipts
Concurrently with the Offering, Stingray has entered into a subscription agreement pursuant to which it will complete the Concurrent Private Placement with La Caisse who will acquire, on a private placement basis and at a price of $10.40 per receipt, 3,846,100 Private Placement Subscription Receipts, for aggregate gross proceeds of $40 million. Each Private Placement Subscription Receipt will entitle the holder thereof to receive, upon the satisfaction of certain conditions and without payment of additional consideration or further action, one subordinate voting share of Stingray.

In addition, La Caisse will be entitled to purchase up to an additional 576,915 Private Placement Subscription Receipts if and when the Over-Allotment Option is exercised by the Underwriters, for additional gross proceeds of up to $6 million. The Private Placement Subscription Receipts will be subject to a four month hold from the closing date of the Concurrent Private Placement.

“Through this transaction, La Caisse supports Stingray in its evolution and in the strengthening of its offer to become the independent music business leader in Canada,” said Christian Dubé, Executive Vice President, Québec at La Caisse. “Since our initial investment in Stingray three years ago, the company has experienced exemplary performance. We are convinced that the company is well positioned to continue its growth in international markets.”

The issuance of the Private Placement Subscription Receipts pursuant to the Concurrent Private Placement is subject to the approval of the TSX. Closing of the Concurrent Private Placement is scheduled to occur concurrently with the closing of the Offering. The Concurrent Private Placement is conditional upon closing of the Offering. The Concurrent Private Placement is also conditional upon there being no termination of the Transaction or announcement of such termination prior to the closing of the Concurrent Private Placement.

New Credit Facilities
Stingray currently has in place a $100 million credit facility (the "Credit Facility") with a syndicate of financial institutions. Concurrently with the announcement of the Transaction, Stingray has entered into an underwritten financing with National Bank of Canada, as sole lead arranger and sole bookrunner, providing for:

  • A senior secured revolving credit facility in the maximum amount of $300 million to amend and restate the Credit Facility, and maturing on the third anniversary of the closing date of the Transaction; and
  • A senior secured non-revolving term credit facility consisting of a maximum principal amount of $150 million available as a single drawdown and maturing on the third anniversary of the closing date of the Transaction.

             
The net proceeds of the Offering, the Concurrent Private Placement, the private placement to Boyko Group and part of the New Credit Facilities will be used by Stingray to finance (i) the Purchase Price payable in respect of the Transaction on the closing date of the Transaction (ii) the repayment of the existing Credit Facility, and (iii) the financing and transaction costs incurred as part of the Transaction.

Financial and Legal Advisors
National Bank Financial Inc. is acting as financial advisor to Stingray on the Transaction. Legal advice is being provided to Stingray by Davies Ward Phillips & Vineberg LLP. Legal advice is being provided to the Underwriters by Fasken Martineau Dumoulin LLP. Marckenz Group Capital Partners and Scotiabank are acting as financial advisors to NCC on the Transaction. Legal advice is being provided to NCC by Stewart McKelvey. Blair Franklin Capital Partners are acting as financial advisors to the Special Committee of NCC. Legal advice is being provided to La Caisse by McCarthy Tétrault LLP.

Conference Call
Stingray will host a listen-only conference call to discuss the Transaction on Wednesday, May 2 at 4:00 PM (Eastern). Media are welcome to participate. A live audio webcast, including an investor presentation will be available on Stingray’s website at (www.stingray.com). To listen to the call without the investor presentation, please dial (877) 223-4471 or (647) 788-4922. A replay will be available for one week by dialing (800) 585-8367 or (416) 621-4642 and entering passcode 7957258.

Availability of Documents
Copies of related documents, such as the preliminary short form prospectus, underwriting agreement, subscription agreement and arrangement agreement will be available on SEDAR (www.sedar.com) as part of the public filings of Stingray and on Stingray's website at www.stingray.com

Press Material
To download press material, please visit our multimedia library: https://brandfolder.com/latest-news/stingray-acquires-ncc

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

About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX:NCC.A) (TSX:NCC.B) owns and operates Newcap Radio which is one of Canada's leading radio broadcasters with 101 broadcast licences (72 radio stations and 29 repeating signals) across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.

Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including regarding the acquisition of NCC (the “Acquisition”). This forward-looking information includes, but is not limited to, statements with respect to management’s expectations regarding the future growth, results of operations, performance and business prospects of Stingray, statements with respect to the expected timing and completion of the Acquisition, and statements with respect to the anticipated benefits of the Acquisition and Stingray’s ability to successfully integrate NCC’s business, which include, without limitation, cost saving synergies, future revenues, economic performance, accretion to adjusted net income per share, accretion to adjusted free cash flow, leverage post-Acquisition, management strategy and growth prospect following the Acquisition. This presentation also contains forward-looking information with respect to the Offering, the Concurrent Private Placement, the issuance of MVS Subscription Receipts to holders of multiple voting shares of Stingray and the indebtedness to be incurred under the existing Credit Facility and new committed credit facilities as well as the aggregate purchase price payable in connection with the Acquisition. 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, 2017 available on SEDAR. In addition, these risk factors include, but are not limited to: the possible failure to successfully integrate NCC with Stingray’s business, failure to close the Acquisition, loss of certain key personnel of NCC, failure to obtain the necessary financing to complete the Acquisition, increased indebtedness, the assumption of unknown liabilities associated with the Acquisition, the assumption of pension and other employee benefit obligations from NCC, the information provided by NCC not being accurate or complete and changes in the terms of the Acquisition.

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, the following: our ability to generate sufficient revenue while controlling our costs and expenses; our ability to manage our growth effectively; the absence of material adverse changes in our industry or the global economy; trends in our industry and markets; the absence of any changes in law, administrative policy or regulatory requirements applicable to our business, including any change to our licenses with the CRTC; minimal changes to the distribution of the pay audio services by Pay-TV providers in light of recent CRTC policy decisions; our ability to manage risks related to international expansion; our ability to maintain good business relationships with our clients, agents and partners; our ability to expand our sales and distribution infrastructure and our marketing; our ability to develop products and technologies that keep pace with the continuing changes in technology, evolving industry standards, new product introductions by competitors and changing client preferences and requirements; our ability to protect our technology and intellectual property rights; our ability to manage and integrate acquisitions; our ability to retain key personnel; and our ability to raise sufficient debt or equity financing to support our business growth. In relation to the Acquisition and the Offering, Stingray makes the following material assumptions, without limitation: availability of capital resources, strength of market conditions, customer demand and satisfactory of customary closing conditions, including CRTC and competition approval and receipt of regulatory approval with respect to the Offering. If these assumptions are inaccurate, Stingray’s or the combined entity’s actual results could differ materially from those expressed or implied in such forward-looking statements. Accordingly, prospective purchasers 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.

Non-IFRS Financial Measures
Stingray 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. Stingray believes that Adjusted net income and Adjusted net income per share are important measures as it demonstrates its core bottom-line profitability. Stingray 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 dividends and reduce debt. Stingray believes that Net debt including and excluding contingent considerations and Net debt to Adjusted EBITDA are important measures when analyzing the significance of debt on Stingray’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 and investing activities as measures of liquidity and cash flows. Please refer to the Company’s Management Discussion and Analysis for the year ended December 31, 2017 and for the nine-month period ended December 31, 2017 incorporated by reference in the Prospectus and available on SEDAR at www.sedar.com for the definitions of all non-IFRS financial measures and additional IFRS measures and, when applicable, a clear quantitative reconciliation from the non-IFRS financial measures to the most directly comparable measure calculated in accordance with IFRS.

For more information, please contact:

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

AppSwarm Management Discusses 2018 Refocus of Operations

Wed, 02/05/2018 - 19:20

TULSA, Okla., May 02, 2018 (GLOBE NEWSWIRE) -- AppSwarm, Inc. (OTC Pink: SWRM), a technology company specializing in the accelerated development and publishing of mobile apps, announces their operational refocus and expected results.

AppSwarm management announces the completion of the Company’s operational refocus, additional team participants, and expected results in the details below.

AppSwarm, Inc. (SWRM) is a publicly traded OTC company with two symmetrical divisions in the in the gaming apps and technology-driven commerce sectors. Each division reflects tremendous growth opportunity and offers an outstanding team. The two divisions are IAD and Media Play. 

MediaPlay Division

MediaPlay is a multiplatform games publisher and developer with a primary focus on Free-to-Play (freemium) mobile games with a team possessing international relationships with corporate clients and industry partners. MediaPlay will create major publishing and development agreements with major corporations in the entertainment sectors.

With appropriate funding, three major studio based gaming apps can be developed creating an expected annual revenue range of $6,000,000 – 20,000,000 annually.

The division is headed by Tammy McDonald

Tammy brings a myriad of successes to AppSwarm. She is an accomplished senior level executive with a 22-year track record of effective strategic and tactical leadership within the video game software, 3D animation/cinematic and digital media and entertainment industry. Tammy excels in managing multiple high-profile projects, diverse team structures and technical pipelines simultaneously to achieve maximum results. Mrs. McDonald also has extensive experience representing game software, original and AAA brands, and working with stakeholders across sales, marketing, licensing, retail and digital distribution/sales, self-publishing as well as first and third-party console providers.  Her experience in conducting due-diligence of studios for acquisitions, project financing, work-for-hire and agency representation analysis meet a strategic part for the evolution and growth of AppSwarm.

Career Milestones

  •  Established multi-million-dollar game and animation studio, P&L management, strategic planning, business development, secured and executed first and third-party game and animation development deals.
  •  Co-created Original IP for international 3D animated television series on Nickelodeon, developed 26 ½ hour episodes and executed production between US & China studios, and launched Game Creation Software Studio, Axis Game Factory, executed nine products, sold through over 1.7M units
  •  Ms. McDonald successfully delivered 150+ projects for multi-sku video & computer games, cinematics, animated TV series, social gaming platforms, mobile, music videos, the development and distribution of commercial art tools for professional video game development.

IAD - Incubation and Acquisition Division 

IAD is an application incubation firm dedicated to acquiring applications for all forms of devices. We actively reach out to young entrepreneurial-spirited application developers who have a great idea but do not know how to effectively market their product. If we see an application that we believe has potential, we will engage the person or firm who created it and enter into either a stock purchase agreement, royalty agreement, joint venture, a partnership or even an outright purchase. We have financial resources most small firms or young entrepreneurs and application developers usually do not have, to market applications the most effective way possible. We utilize all forms of social marketing as well as traditional marketing to get as many eyes on the application as possible. We also have agreements in place with the major application stores, so we can fast-track applications.

 AppSwarm currently is in app development in two major joint-venture efforts targeting three separate projects with each joint-venture partner. The Company’s revenue participation could reach $4,000,000 or greater in annual revenue.

The division is headed by Christopher Bailey

Christopher has two decades in business experience, brand development and management. He spent the last decade in digital marketing focused on business start­ups ranging from non­profits and online sales portals to social networking and tech companies as well as larger publicly traded companies. Christopher has been an integral part of many business development endeavors and a valued asset to several tech start­ups ranging from private businesses to publicly traded entities. Mr. Bailey has served as CEO or President of both private and public companies.

Skills:

●           Digital Marketing

●           Search Engine Optimization

●           Application Development

●           E-commerce

●           Creative development

●           Print, Video and Audio media production

SWRM will maintain lean corporate expenditure in staffing and ongoing expenses and utilize profit-based incentive compensation combined with a nominal base salary structure. Corporate management will have direct responsibility for profitability of the operating company with “hands-on” management requirements. The corporate management team has over 40 years of success in game development and operation of launching companies or implementing high-grow programs.

Merger & Acquisition

The immediate focus of corporate management is to acquire one or more companies with $1,000,000 or greater annual revenue with a minimum EBITDA of $250,000.  The typical structure is four times EBITDA with AppSwarm stock being part of the payment terms. AppSwarm has entered into discussions with three such firms.

CEO / Director - Ron Brewer

Ron brings extensive leadership and technology skills to the table. Mr. Brewer has served as Managing Director of Southbridge Advisory Group since 1990.

Southbridge is a boutique management firm with a primary focus in management services and merger & acquisition representation. Ron has experience in a broad spectrum of business disciplines in both public and private sectors; they include: technology driven products, manufacturing & distribution, health services, energy, environmental, real estate, marketing and non-profit entities.

Management services performed by Southbridge are typically company turnaround or growth, and post-acquisition implementations. These services have been performed in both the private and small cap public sector. In turnaround situations Southbridge brings needed changes and implementations into an organization assisting them in meeting defined improvement targets. In growth or post-acquisition environments the Company will implement systems and staff, creating an operating unit that meets defined benchmarks of performance. A specialty focus is consolidation of companies, in a synergistic market niche, where Southbridge services utilized include M & A, capital advisory, and management implementation. 

Mr. Brewer has experience within multiple technology development fields that recently include; launching of leading edge virtual payment processing, introduction of proprietary medical science services, and business reorganization of a niche energy industry information provider.

CFO / Board Director - John Rabbitt

John’s extensive and diverse background in business evolved through consistent promotion and growth within fortune 500 firms including The Pillsbury Company and PepsiCo, in addition to the CPA firm of Ernst and Ernst. This experience is enhanced by a twenty-year career with one of America’s most successful Entrepreneurs (Forbes 102nd wealthiest U.S.A. person in 2008) where John was directly involved with numerous acquisitions and served in executive capacities for several multi-national subsidiaries. John played a key role in assisting the growth of MEI Corporation from $20 million in annual revenue to $850 million annual revenue in nine years, at which time it was acquired by PepsiCo.

Mr. Rabbitt has served in CEO/COO and CFO positions for firms ranging from $5,000,000 to $300,000,000 annual revenue. He also served as a member of PepsiCo’s Mid-West Advisory Board, and as a Director and Secretary/Treasurer of their largest canning division.

John has a proven track record in both fast–growth and turn-around environments.

Mr. Rabbitt’s education includes a BA in Accounting and Business from Drake University, graduate work at Xavier University in Cincinnati, and PepsiCo’s Management Institute.

Senior Technology Advisor – Tim Page

Mr. Page brings years of public company experience and is a force in the technology industry. Tim has a keen ability to analyze application ideas and submissions and knows what is good and what is not. He is one of the most valuable team members we have.

Tim has MS and BSc (Hons) degrees in Computer Science and Mathematics and specialized in 3D computer graphics as well as Artificial Intelligence & Psychology.

His career started in Casino Gaming in the UK in the early 90’s and then diverged back to video games as he took a position as a head of a studio for Philips Media. Philips was exploring the brand-new CD-ROM on its own CD-i platform. Tim was formally trained in management by Philips and was exposed to “big business” in the company. Philips at the time had 250,000 employees worldwide.

In the mid-90’s Tim was recruited by Sir Richard Branson’s Virgin Interactive. The company was moving to the West Coast to be close to Hollywood filmmaking. Games were growing up. Tim joined the company in a senior technical role but soon moved up into an Executive Producer role managing Virgin’s externally produced games.

Tim went back to the UK for a short time, but then joined a Tahoe startup of ex-Virgin colleagues in the late 90’s working on video games such as NFL Blitz, Ready-to-Rumble and Star Wars: Episode 1 Racer. Tim took members of this group in 2000, and created 5000ft Inc.  5000ft was a boutique software development company that designed and developed video console games on all kinds of different platforms.

In the late 2000’s, mobile phones became more sophisticated, Tim created YamYam Mobile to specialize in content for these newly emerging platforms.

Tim’s specialty is in creating great game ideas, architecting technology and then building enthusiastic teams to execute them. In his career, he has built many dozens of games.

About APPSWARM:

AppSwarm is a technology company specializing in the accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. AppSwarm partners with and assists other development firms in technology development, business management, and funding needs.


For more information, visit us at www.app-swarm.com, or follow us on www.facebook.com/AppSwarm or Twitter https://twitter.com/AppSwarm


Forward-Looking Statements:

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company's filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.


CONTACT: Investor and Media Contacts: AppSwarm, Inc. 888-886-8583 info@app-swarm.com

Leading Outsourced Production Partner NEP Opens Office in Italy

Wed, 02/05/2018 - 18:05

ROME, May 02, 2018 (GLOBE NEWSWIRE) -- NEP Europe announced the opening of its NEP Italy office, further strengthening its reach and presence as one of the key players in the Southern Europe broadcast market. NEP Italy will focus on providing outsourced technical production support for a variety of sporting and live events in Italy.

NEP also announced it has entered in to an agreement to acquire Telerecord, an Italy-based provider of outside broadcast solutions for the sports industry. Once the deal has closed, Telerecord, a local industry leader with strong client relationships, will further diversify NEP’s business and expand its reach in Europe by adding additional local resources and talent. The entire management team will continue to run the business, led by Fabio Bertini.

As part of its entry into Italy, NEP announced it has hired Sergio Cecchini, formerly of Top Tech Services, to serve as General Manager of NEP Italy’s operations and growth of all NEP services in Italian market. Sergio brings more than 30 years of industry experience to NEP.

“I’m excited to have Sergio leading NEP Italy and to have Telerecord join our group,” said Paul Henriksen, President, NEP Europe & Media Solutions. “Sergio’s expertise in managing high-profile sporting events in Italy, combined with Telerecord’s strong presence and experience in the market, will be invaluable in delivering superior service and innovative solutions to our clients throughout Southern Europe.”

"I am looking forward to starting at NEP, which has the breadth and depth of technical resources and experience to provide new, more efficient and integrated solutions to our local clients,” said Sergio Cecchini, new General Manager of NEP Italy. “Launching NEP Italy as part of the NEP Worldwide Network is exciting. I am proud to become a part of NEP and thank Paul and his staff for this fantastic opportunity.”

“It’s a great time for Telerecord to become part of the NEP global business and a great time for NEP to enter and begin operations in Italy,” said Fabio Bertini, Managing Director of Telerecord.

The NEP Italy team can be reached at scecchini@nepgroup.com or by calling +39 337 112 5959. To learn more about NEP’s solutions, visit https://www.nepgroup.com.

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

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

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

Initiation of new share buyback program

Wed, 02/05/2018 - 10:23

Based on the continued solid business performance and GN’s capital structure policy and in accordance with the authorization granted to the Board of Directors at the annual general meeting on 13 March 2018, GN announces a new share buyback program of DKK 1,000 million to be initiated today and concluded no later than March 14, 2019.

The purpose of the program is to reduce the company’s share capital and to cover obligations under the long-term incentive program. At the initiation of the share buyback program, GN holds 10,806,248 own shares corresponding to 7.4% of the total share capital.

The share buyback program is being implemented 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. GN has appointed Nordea as lead manager of the program. Nordea will, under a separate agreement with GN, buy back shares within the timeframe set out in this announcement and make trading decisions in respect of GN shares independently of and without influence from GN.

The following guidelines will apply to GN’s share buyback program:

  • The maximum amount allocated to the share buyback program is limited to a total value of DKK 1,000 million. At a price of e.g. DKK 220 per share, the maximum number of shares that may be repurchased under the program is 4.5 million, which is equivalent to approximately 3.1% of GN’s share capital. The company's holding of treasury shares, including previously acquired shares, may at no time exceed 15% of the share capital of the company.
     
  • Shares will not be purchased at a price higher than the higher of the following: the price of the last independent trade and the highest existing independent buyer's offer on the marketplace where the purchase takes place.
     
  • The maximum number of shares that can be bought back in one single trading day is 103,438 corresponding to 25% of the average daily trading volume of the GN share in April 2018

Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen. GN may at any time end the share buyback program, which in that case will be announced on Nasdaq Copenhagen.

For further information please contact:

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

Or

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

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


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

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

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

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