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Major shareholder notification – Marathon Asset Management LLP

Mon, 29/10/2018 - 22:14

GN Store Nord has received information that Marathon Asset Management LLP has increased its holdings of GN shares. Marathon Asset Management LLP thereby holds more than 5% of the share capital and the voting rights.

For further information, please contact:

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

Or

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


Press and the media
Lars Otto Andersen-Lange
Head of Media Relations & Corporate Public Affairs
Tel: +45 45 75 02 55


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

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

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

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CEO of DirectView Holdings (OTC: DIRV) Discusses Contracts with Rogers-O'Brien Construction, GRUMA Subsidiary Mission Foods, and the next Evolution of Security Surveillance Technology; AI   

Mon, 29/10/2018 - 18:30

POINT ROBERTS, Wash., Oct. 29, 2018 (GLOBE NEWSWIRE) -- Investorideas.com and Homelanddefensestocks.com, covering security and defense stocks release an exclusive podcast interview with Roger Ralston, the CEO of DirectView Holdings, Inc. (OTC: DIRV). Roger discusses his company’s Security Video Surveillance division (http://directview.com), its revenue growth and some recent contracts, including with a leading Texas builder, Rogers-O'Brien Construction and his contract with Mexico’s GRUMA (GRUMAAB.MX) subsidiary, Mission Foods. He also shares his thoughts on the growth of the security surveillance industry and how tech, including AI, will play a key role in its future.

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2018/102818-Security-CEO-OTCDIRV.mp3

Hear Investor Ideas Podcasts on iTunes

Looking at the most recent deal flow, DirectView’s subsidiary Virtual Surveillance just signed a master agreement to work with a leading Texas builder, Rogers-O'Brien Construction, a company that has done $1.5 billion in construction volume over the past five years.

Roger shares thoughts on why this is a significant contract, including the fact that the master agreement grants Virtual Surveillance the ability to bid on any jobs in which Rogers-O'Brien Construction is operating as a general contractor.

Roger said of the contract, “They are an awesome organization and that opened the potential for us to be able to bid and get involved with several large-scale opportunities that they are working on in the state of Texas.”

Rogers-O'Brien Construction is deploying technology to make sure it stays ahead of costs and industry evolution. The company made headline news in May in multiple publications including Apple Insider saying that “The iPad has become an extremely useful tool for one Texas-based construction firm, with a report revealing the use of Apple's tablet by the workforce has saved the company an estimated $1.8 million per year, as well as helping to reduce the amount of hours spent working on projects.”

The Apple Insider article goes on to say, “Rogers-O'Brien started using iPads on sites for the last five years, reports Business Insider, in a project overseen by director of applied technology Todd Wynne. Out of the 340 employees working for the firm, 190 possess an iPad for work purposes.” 

DirectView’s Roger Ralston, talking about Rogers-O'Brien’s Apple technology deployment notes, “That again points to what an honor it is to be chosen by them to be their provider for security cameras, access control and peripheral space. They obviously know what they’re talking about, as they are a tech savvy company and they are into cutting edge applications and equipment and they’ve agreed to work with us, which I think says a lot about our ability and the products and services we sell.”

Looking at the growth in the global video surveillance market, which according to research is estimated to reach $62.62 Billion by 2023, Roger discusses how his company is reflecting that growth and seeing it first-hand. 

Discussing an earlier contract signed this year (Company announced in July that it had received additional orders and began fulfillment of an additional multi-year contract for $3.7B publicly-traded GRUMA (GRUMAAB.MX) subsidiary Mission Foods), Roger talks about the momentum and how one contract can potentially lead to multiple contracts if you are dealing with large corporations.

 “That was a very big feather in our cap, to win that account. We’ve done multiple installations with them and are working towards additional installations in the future. As you know they are a global organization, so starting here in the US with them does not limit us from going further than that.”

When asked about which markets are expected to see the most growth in the security sector over the next few years, as far as who will need the most security in the shortest amount of time, Roger went on to discuss the continued need for security in the US as well as internationally.

Roger said “There’s definitely growth in the US as far as security goes. Things that people have seen in the news, from school shootings that have happened here in the US, which have brought security to the forefront, from people sending bombs in the mail, to the tragedy that happened here in the synagogue today, the more security we have, the more security will catch people doing things like that. There’s definitely a growing need for security cameras. It’s growing here in the US, and South America and Central America have an absolute need, and even Canada. We’re looking at the Canadian space and have recently announced we’re exploring a dual listing in the Canadian market. The cannabis market that was just legalized will bring about a big need for security cameras. The opportunities are very bountiful.”

Looking at the future of the sector and how technology, including artificial intelligence can play a key role, Ralston stated, “The surveillance industry is continually evolving. We are now offering artificial intelligence. We’ve got a product that we have where if you want to search for everyone that was wearing a red shirt that came through your door, you can find it. If you want to see every time a UPS driver went by, you can find that as well. We are looking to be cutting edge and we have cutting edge products. There is no market that we cannot serve.”

Other companies like FLIR® Systems, Inc. have recently announced similar products such as the FLIR Firefly® camera family, the industry’s first deep learning inference-enabled machine vision camera.

“Automated analysis of images captured by machines is a key part of our day-to-day lives that few of us think about,” said James Cannon, President and CEO of FLIR. “The quality, affordability, and speed-to-market of items like our smartphones or the food on our tables are made possible by systems using cameras doing both inspection and automated production. With the FLIR Firefly, powered by Intel Movidius Myriad 2 VPU, we are enabling the designers of these systems to leverage deep learning faster and at lower costs.”

The AI in security market is expected to reach $11.95 billion by 2024, growing at a CAGR of around 34.9% during the forecast period, according to recent research.

The report concludes, “AI in security provides an enticing proposition with its proactive threat mitigation capabilities, which is needed for constant supervision and adaptation to the multifaceted security vulnerabilities.”

About DirectView Holdings, Inc.

DirectView Holdings, Inc., (OTC: DIRV) together with its subsidiaries, provides video surveillance solutions and teleconferencing products and services to businesses and organizations. The company operates in two divisions, Security (Video Surveillance) and Video Conferencing. The Security division offers technologies in surveillance systems providing onsite and remote video and audio surveillance, digital video recording, and services. It also sells and installs surveillance systems; and sells maintenance agreements. The company sells its products and services in the United States and internationally through direct sales force, referrals, and its Websites. The Video Conferencing division offers teleconferencing products and services that enable clients to conduct remote meetings by linking participants in geographically dispersed locations. It is involved in the sale of conferencing services based upon usage, the sale and installation of video equipment, and the sale of maintenance agreements. This division primarily provides conferencing products and services to numerous organizations ranging from law firms, banks, high tech companies and government organizations. For more information visit our websites at www.DirectView.com, www.ApexCCTV.com  and www.VS-US.com and connect with us on Twitter, LinkedIn, Facebook, and Google+.

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This news is published on the Investorideas.com Newswire – News that Inspires big ideas. Disclaimer/Disclosure: Investorideas.com is a digital publisher of third-party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: This news and podcast is a paid for content (third party) on Investorideas.com featuring DirectView Holdings, Inc., (DIRV). Learn more about costs and our newswire service https://www.investorideas.com/News-Upload/.

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Stingray Completes the Acquisition of Newfoundland Capital

Fri, 26/10/2018 - 17:00

MONTRÉAL, Oct. 26, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (“Stingray”) (TSX: RAY.A; RAY.B) today announced that it has completed the previously announced acquisition (the “Transaction”) of Newfoundland Capital Corporation Limited (“NCC”) (TSX: NCC.A; NCC.B), one of Canada’s leading radio broadcasters with 101 licences (82 FM and 19 AM) across Canada.

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 employs approximately 800 radio professionals nationwide.

As a result of the closing of the Transaction, Rob Steele has stepped down as President and Chief Executive Officer of NCC and Ian Lurie will continue to assume leadership responsibilities with regards to Stingray’s new radio operations.

“The transaction closed today signals the creation of Canada’s largest public independent media company, and of that, I could not be more proud” said Eric Boyko, President, Co-founder, and Chief Executive Officer of Stingray. “Through the integration of NCC’s assets and extraordinary talent - both on and off the air - we are poised to take Stingray to new levels of growth and success. Radio is a medium that has personal resonance with each of us, whether for music discovery or local news, and I am confident in its future as it evolves within the digital landscape. Canadian advertisers will especially benefit from the scope of innovative digital products unlocked by this transaction. I want to thank our board of directors, shareholders, and employees for their demonstration of support throughout this process. Today is a day for celebration, but more importantly, to welcome 800 new employees to the Stingray family.”

Shareholder Consideration
Each shareholder of NCC will receive approximately 0.15371 Stingray subordinate voting shares (or Stingray variable subordinate voting shares, as applicable) and approximately $13.17 in cash for each share of NCC owned. No fractional shares will be issued, and Stingray will settle any fractional shares in accordance with the terms of the arrangement agreement entered into on May 2, 2018.

Exchange of Subscription Receipts
As a result of the closing of the Transaction and pursuant to the terms of the 11,827,100 subscription receipts issued on May 23, 2018, each holder of subscription receipts will automatically receive effective today, 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), for each subscription receipt held.

Stingray expects that trading in the subscription receipts listed on the TSX (TSX: RAY.R; RAY.N) will be halted shortly after the issuance of this news release and remain halted until the close of business today, that the transfer registers maintained by the subscription receipt agent will be closed and that the subscription receipts will be delisted by the TSX as at the close of business today. The subordinate voting shares and variable subordinate voting shares of Stingray to be issued on the exchange of the subscription receipts are expected to begin trading on the TSX at the opening of the market today.

The holder of the 1,452,850 subscription receipts issued on May 23, 2018 to the Boyko Group will receive, without payment of additional consideration or further action, one multiple voting share of Stingray, for each subscription receipt held.

Exercise of Subscription Rights
Further to the closing of the Transaction and the issuance of Stingray shares to the shareholders of NCC, 8978832 Canada Inc., a member of the Boyko Group and a holder of multiple voting shares of Stingray, has exercised subscription rights attached to the multiple voting shares and subscribed for 194,363 multiple voting shares of Stingray from treasury (the “Pre-emptive Shares”) at a price of $10.29 per share for aggregate gross proceeds of approximately $2 million (the “Pre-emptive Rights Exercise”).

The Pre-emptive Rights Exercise was funded by certain shareholders of 8978832 Canada Inc. through follow-on investments in the share capital of 8978832 Canada Inc. The Pre-emptive Shares are subject to a four month hold from the date hereof.

NCC Shares
In view of the coming into effect of the acquisition of NCC by Stingray, it is expected that the Class A Subordinate Voting Shares and Class B Common Shares of NCC will be delisted from the TSX in a few days.

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

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

About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX: NCC.A, 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. NCC 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 of Stingray, 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, leverage post-Acquisition, management strategy and growth prospects following 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, 2018 available on SEDAR.

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

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

For more information, please contact:

Frédérick Truchon-Gagnon
NATIONAL Public Relations
(438) 350-1001
ftruchon-gagnon@national.ca 

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

Thu, 25/10/2018 - 18:00

Burlington, MASS, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Avid® (NASDAQ:AVID), the leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Executive Vice President and Chief Financial Officer, will host a conference call on Wednesday, November 7, 2018 at 5:00 p.m. ET to discuss the Company’s financial results for the third quarter of 2018.

  • The dial-in number is: 334-323-0522
  • The replay number is: 719-457-0820
  • The confirmation code and replay passcode is: 6405952

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

American Airlines Group Reports Third-Quarter 2018 Profit

Thu, 25/10/2018 - 17:00

FORT WORTH, Texas, Oct. 25, 2018 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) today reported its third-quarter results, including these highlights:

  • Reported a third-quarter 2018 pre-tax profit of $456 million, or $688 million excluding net special items1, and a third-quarter net profit of $341 million, or $523 million excluding net special items
  • Third-quarter 2018 earnings were $0.74 per diluted share, or $1.13 per diluted share excluding net special items
  • Returned $46 million to shareholders in the form of dividends during the third quarter

“Strong demand for American’s service led to record revenue in the third quarter and our eighth consecutive quarter of unit revenue growth. Our team continues to do an outstanding job of taking care of our customers, including during difficult situations such as Hurricanes Florence and Michael,” said Chairman and CEO Doug Parker. “Unfortunately, higher fuel prices increased our expenses by approximately $750 million versus the third quarter of 2017, which led to a decline in earnings.

“We have moved quickly to adapt to the higher cost environment with lower planned capacity growth, the cancellation of unprofitable flying, deferral of new aircraft deliveries, and continued aggressive cost management. We have significant revenue growth opportunities through initiatives such as expanded product segmentation, harmonization of aircraft configurations, and high-margin growth prospects in our most profitable hubs. We are confident these actions will return American to both revenue outperformance and earnings growth in 2019 and beyond and we remain very bullish on the future of American Airlines.”

Third-Quarter Revenue and Expenses
Pre-tax earnings excluding net special items for the third quarter of 2018 were $688 million, a $485 million decrease from the third quarter of 2017, driven by higher fuel prices. In addition, the company’s third-quarter pre-tax earnings were negatively impacted by Hurricane Florence by approximately $50 million.


 GAAP Non-GAAP1 3Q18
 3Q17
 3Q18
 3Q17
              Total operating revenues ($ mil)$ 11,559  $ 10,965  $ 11,559  $ 10,965 Total operating expenses ($ mil) 10,910   9,709    10,693   9,602 Operating income ($ mil)   649     1,256     866     1,363       Pre-tax income ($ mil)   456     1,063     688     1,173 Pre-tax margin 3.9%  9.7%  6.0%  10.7%      Net income ($ mil)   341     661     523     729       Earnings per diluted share$  0.74  $  1.36  $  1.13  $  1.50       

 

Strong demand for air travel drove a 5.4 percent year-over-year increase in third-quarter 2018 total revenue, to a record $11.6 billion. Passenger revenue per available seat mile (PRASM) grew 1.8 percent, driven by a 2.2 percent increase in passenger yields. Cargo revenue was up 16.4 percent to $260 million due to a 12.1 percent increase in yield and a 3.8 percent increase in volume. Other revenue was up 14.5 percent to $738 million due primarily to higher loyalty revenue. Third-quarter total revenue per available seat mile (TRASM) increased by 2.6 percent compared to the third quarter 2017 on a 2.7 percent increase in total available seat miles.

The improvement in revenue was offset by the significant increase in fuel prices. Total third-quarter 2018 operating expenses were $10.9 billion, up 12.4 percent year-over-year, driven by a 42.6 percent increase in consolidated fuel expense. Had fuel prices remained unchanged versus the third quarter of 2017, total third-quarter 2018 expenses would have been approximately $750 million lower. Total third-quarter 2018 cost per available seat mile (CASM) was 14.54 cents, up 9.4 percent from third quarter 2017. Excluding fuel and special items, consolidated third-quarter CASM was 10.60 cents, up 0.8 percent year-over-year.

Strategic Objectives
American is focused on four strategic objectives to ensure a healthy, competitive company for the long-term that includes world-class service, a focus on its team, revenue and cost initiatives, and innovative thinking. The company continued to deliver on these objectives in the third quarter.

Create a World-Class Customer Experience
Delivering a world-class customer experience includes operating reliably, building a strong network, continually raising the bar on product offerings, and making it easy for customers to do business with American. During the third quarter, American:

  • Expanded the world’s largest network to even more destinations. American announced planned service to Berlin (TXL); Bologna, Italy (BLQ); and Dubrovnik, Croatia (DBV). American will be the only airline to serve Bologna and Dubrovnik from North America.  

  • Made significant improvements in onboard technology by:
    • Activating live TV on domestic aircraft, with 12 free channels available in all cabins. Live TV is rolling out throughout the airline’s domestic mainline fleet in 2019. American already offers live TV on its long-haul international flights, the only U.S. airline to do so.

    • With 380 aircraft complete, just over half of American’s domestic mainline aircraft now offer high-speed Wi-Fi. The entire long-term mainline fleet will be complete by mid-2019.

  • Continued updating food offerings to reflect evolving consumer tastes. American entered into an exclusive partnership with Zoës Kitchen to offer healthy choices beginning Dec. 1, and added a vegan option on transcontinental flights.

  • Received APEX recognition as a “Five Star Global Airline.” The Airline Passenger Experience Association, which bases its awards on anonymous passenger feedback on overall flight experience, awarded American its highest rating for in-seat comfort, cabin service, food and beverage, entertainment, and Wi-Fi connectivity.

Make Culture a Competitive Advantage
Taking care of team members translates into better customer care. American’s culture reflects its emphasis on providing the right tools, training, and care for its frontline team members. During the third quarter, American:

  • Fully integrated the best flight attendant team in the business. With its largest and most complex integration project to-date now complete, flight attendants are now able to fully intermix across the entire fleet. This integration creates improved scheduling options for flight attendants and the airline, and provides greater flexibility and service recovery during irregular operations.

  • Accrued $43 million in profit sharing during the third quarter, and $135 million for the first nine months of 2018.

  • Re-opened the newly re-designed CR Smith Museum to showcase the men and women who make American run and to encourage young people to aspire to careers in aviation. The museum’s interactive displays include an MD-80 cockpit, an Airline Command Center where visitors make operational decisions, and a baggage loader where visitors can try their hand at loading bags in record time.

  • Supported relief partner efforts after recent hurricanes. The American Red Cross and the North Carolina Community Foundation Disaster Relief Fund received $300,000 each as American and its customers stepped forward to ease the burdens of Carolinians impacted by Hurricane Florence. In addition, team members in Miami and Chicago have planned large-scale assembly projects that will send 5,000 hygiene comfort kits and 75,000 pounds of food to areas impacted by the recent natural disasters.

  • Celebrated being an inclusive and diverse employer by honoring four team members with the 10th annual Earl G. Graves Award for Leadership in Diversity & Inclusion. American also awarded Morgan State University in Baltimore a $10,000 education grant as part of the 10th anniversary commemoration. For the third year in a row, the airline was named among the “2018 DEI Best Places to Work for Disability Inclusion” and received the top score of 100 on the 2018 Disability Equality Index.

  • Supported the Stand Up To Cancer telecast with 94 team members, all of whom have been personally impacted by cancer. These team members from around the world came together at our Los Angeles maintenance hangar to film a music video that aired during the telecast, which raised $123.6 million.

Ensure Long-Term Financial Strength
Long-term strength is realized by capturing merger efficiencies, improving unit revenue performance, and increasing margin performance. During the third quarter, American:

  • Returned $46 million in dividends to shareholders and declared a dividend of $0.10 per share on Oct. 25, 2018, to be paid on Nov. 20, 2018, to stockholders of record as of Nov. 6, 2018.

  • Updated the youngest fleet of the network airlines with more aircraft deliveries, including three new more efficient Boeing 787-9 Dreamliners and four new Boeing 737 MAX 8s.

  • Lowered planned capital expenditures in 2019, 2020, and 2021 by $1.2 billion, by deferring delivery of 22 Airbus A321neos.

  • Evolved its segmentation strategy by:
    • Removing the carry-on bag restriction from domestic and short-haul international Basic Economy fare rules. This action makes the airline’s Basic Economy product more competitive and enables the airline to offer it on more flights.

    • Continuing the installation of Premium Economy, now on 92 widebody aircraft with expected completion by mid-2019. Main Cabin customers continue to select this highly-differentiated product and the company expects to drive more value from this product with new revenue management and merchandising initiatives in 2019.

Think Forward, Lead Forward
Along with executing on the day-to-day operation, the airline has a focus on moving new products to market more quickly and embracing technological advancements. In the third quarter, American:

  • Enabled the world’s largest mobile and online payment platform, Alipay, on aa.com in China. Alipay is the preferred method of payment for more than half of consumers in China and has more than 870 million users worldwide.

  • Opened up new ways to earn miles with its Citi AAdvantage MileUp card, a new no-annual-fee credit card for consumers to turn everyday spending into travel.

  • Enhanced aviation security for team members and customers by partnering with the Transportation Security Administration to add a state-of-the-art computed tomography scanner at John F. Kennedy International Airport’s Terminal 8 security checkpoint.

  • Furthered the airline’s commitment to reduce environmental waste by beginning to replace plastic straws and stir sticks with biodegradable, eco-friendly alternatives.

Guidance and Investor Update
American expects its fourth-quarter 2018 TRASM to increase approximately 1.5 to 3.5 percent year-over-year. The company also expects its fourth-quarter 2018 pre-tax margin excluding special items to be between 4.5 and 6.5 percent.2 Based on today’s guidance, American continues to expect its 2018 diluted earnings per share excluding net special items to be between $4.50 and $5.00.2

For additional financial forecasting detail, please refer to the company’s investor update, filed with this release with the SEC on Form 8-K. This filing will be available at aa.com/investorrelations.

Conference Call / Webcast Details
The company will conduct a live audio webcast of its earnings call today at 7:30 a.m. CT, which will be available to the public on a listen-only basis at aa.com/investorrelations. An archive of the webcast will be available on the website through Nov. 25.

Notes

  1. In the third quarter, the company recognized $232 million in net special items before the effect of income taxes. Third-quarter operating special items of $217 million principally included $109 million of fleet restructuring expenses and $68 million of merger integration expenses. The company also recognized nonoperating special items of $15 million primarily related to mark-to-market net unrealized losses associated with certain of the company’s equity investments. See the accompanying notes in the Financial Tables section of this press release for further explanation, including a reconciliation of all GAAP to non-GAAP financial information.
  2. American is unable to reconcile certain forward-looking projections to GAAP, as the nature or amount of special items cannot be determined at this time.

About American Airlines Group
American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. American is a founding member of the oneworld® alliance, whose members serve more than 1,000 destinations with about 14,250 daily flights to over 150 countries. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. In 2015, its stock joined the S&P 500 index. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.

Cautionary Statement Regarding Forward-Looking Statements and Information
Certain of the statements contained in this report should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended (the Securities Act), the Securities Exchange Act of 1934, as amended (the Exchange Act), and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” “would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if current trends continue,” “optimistic,” “forecast” and other similar words. Such statements include, but are not limited to, statements about our plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on our current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2018 (especially in Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Part II, Item 1A. Risk Factors), and other risks and uncertainties listed from time to time in our other filings with the Securities and Exchange Commission. There may be other factors of which we are not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. We do not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements.


 American Airlines Group Inc. Condensed Consolidated Statements of Operations (In millions, except share and per share amounts)(Unaudited)               3 Months Ended
September 30, Percent 9 Months Ended
September 30, Percent   2018  2017 (1) Change  2018  2017 (1) Change             Operating revenues:            Passenger $  10,561  $  10,096    4.6  $  30,714  $  29,447    4.3 Cargo    260     223    16.4     748     633    18.1 Other    738     646    14.5     2,141     1,931    10.8 Total operating revenues    11,559     10,965    5.4     33,603     32,011    5.0              Operating expenses:            Aircraft fuel and related taxes    2,234     1,570    42.3     6,100     4,481    36.1 Salaries, wages and benefits    3,129     3,030    3.3     9,240     8,928    3.5 Regional expenses:            Fuel    506     352    44.0     1,369     999    37.0 Other    1,327     1,302    1.9     3,954     3,849    2.8 Maintenance, materials and repairs    526     487    7.9     1,499     1,474    1.7 Other rent and landing fees    497     471    5.5     1,448     1,363    6.2 Aircraft rent    312     304    2.8     921     892    3.2 Selling expenses    395     400    (1.2)    1,136     1,094    3.9 Depreciation and amortization    473     433    9.3     1,382     1,255    10.1 Special items, net    215     112    91.8     563     432    30.1 Other    1,296     1,248    3.9     3,883     3,652    6.4 Total operating expenses    10,910     9,709    12.4     31,495     28,419    10.8                       Operating income    649     1,256    (48.4)    2,108     3,592    (41.3)             Nonoperating income (expense):            Interest income    29     25    16.8     84     70    20.6 Interest expense, net    (265)    (266)   (0.5)    (795)    (787)   1.1 Other income, net    43     48    (11.0)    101     112    (9.1)Total nonoperating expense, net                (193)  (193) (0.2)  (610)  (605) 0.8                       Income before income taxes    456     1,063    (57.2)    1,498     2,987    (49.9)             Income tax provision    115     402    (71.6)    404     1,122    (64.0)                      Net income $  341  $  661    (48.4) $  1,094  $  1,865    (41.3)                                   Earnings per common share:            Basic $  0.74  $  1.36    $  2.35  $  3.78   Diluted $  0.74  $  1.36    $  2.34  $  3.76                         Weighted average shares outstanding (in thousands):            Basic    460,526     484,772       465,452     493,164   Diluted    461,507     486,625       466,908     495,796                         (1) On January 1, 2018, the Company adopted two new Accounting Standard Updates (ASUs): ASU 2014-09: Revenue from Contracts with Customers (the "New Revenue Standard") and ASU 2017-07: Compensation - Retirement Benefits (the "New Retirement Standard"). In accordance with the transition provisions of these new standards, the Company has recast its 2017 financial information to reflect the effects of adoption. For additional information, see Note 1(b) to AAG's Condensed Consolidated Financial Statements in Part I, Item 1A of its third quarter 2018 Form 10-Q filed on October 25, 2018.             Note: Percent change may not recalculate due to rounding.          


                              American Airlines Group Inc.Consolidated Operating Statistics(Unaudited)                 3 Months Ended
September 30,    9 Months Ended
September 30,     2018 2017 (1) Change  2018 2017 (1) Change                Mainline              Revenue passenger miles (millions)   55,182   54,012   2.2 %   156,307   152,400   2.6 %Available seat miles (ASM) (millions)   66,295   64,582   2.7 %   188,711   184,665   2.2 %Passenger load factor (percent)   83.2   83.6   (0.4)pts   82.8   82.5   0.3 pts               Passenger enplanements (thousands)   38,233   37,365   2.3 %   111,647   108,886   2.5 %Departures (thousands)   282   275   2.6 %   825   816   1.1 %Aircraft at end of period   949   947   0.2 %   949   947   0.2 %               Block hours (thousands)   916   893   2.6 %   2,647   2,608   1.5 %Average stage length (miles)   1,272   1,278   (0.5)%   1,248   1,245   0.3 %Fuel consumption (gallons in millions)   978   947   3.3 %   2,767   2,713   2.0 %Average aircraft fuel price including related taxes (dollars per gallon)   2.28   1.66   37.8 %   2.20   1.65   33.5 %Full-time equivalent employees at end of period   105,100   105,000   0.1 %   105,100   105,000   0.1 %               Regional (2)              Revenue passenger miles (millions)   6,683   6,459   3.5 %   19,282   18,619   3.6 %Available seat miles (millions)   8,744   8,471   3.2 %   25,045   24,471   2.3 %Passenger load factor (percent)   76.4   76.3   0.1 pts   77.0   76.1   0.9 pts               Passenger enplanements (thousands)   14,342   14,073   1.9 %   41,614   40,727   2.2 %Aircraft at end of period   592   611   (3.1)%   592   611   (3.1)%Fuel consumption (gallons in millions)   212   201   5.4 %   600   578   3.8 %Average aircraft fuel price including related taxes (dollars per gallon)   2.39   1.75   36.6 %   2.28   1.73   32.0 %Full-time equivalent employees at end of period (3)   25,400   22,600   12.4 %   25,400   22,600   12.4 %               Total Mainline & Regional              Revenue passenger miles (millions)   61,865   60,471   2.3 %   175,589   171,019   2.7 %Available seat miles (millions)   75,039   73,053   2.7 %   213,756   209,136   2.2 %Passenger load factor (percent)   82.4   82.8   (0.4)pts   82.1   81.8   0.3 ptsYield (cents)   17.07   16.70   2.2 %   17.49   17.22   1.6 %Passenger revenue per ASM (cents)   14.07   13.82   1.8 %   14.37   14.08   2.1 %Total revenue per ASM (cents)   15.40   15.01   2.6 %   15.72   15.31   2.7 %Cargo ton miles (millions)   743   716   3.8 %   2,199   2,036   8.0 %Cargo yield per ton mile (cents)   34.98   31.21   12.1 %   34.03   31.09   9.4 %               Passenger enplanements (thousands)   52,575   51,438   2.2 %   153,261   149,613   2.4 %Aircraft at end of period   1,541   1,558   (1.1)%   1,541   1,558   (1.1)%Fuel consumption (gallons in millions)   1,190   1,148   3.6 %   3,367   3,291   2.3 %Average aircraft fuel price including related taxes (dollars per gallon)   2.30   1.67   37.6 %   2.22   1.67   33.2 %Full-time equivalent employees at end of period   130,500   127,600   2.3 %   130,500   127,600   2.3 %               Operating cost per ASM (cents)   14.54   13.29   9.4 %   14.73   13.59   8.4 %Operating cost per ASM excluding special items (cents)   14.25   13.14   8.4 %   14.47   13.38   8.1 %Operating cost per ASM excluding special items and fuel (cents)   10.60   10.51   0.8 %   10.98   10.76   2.0 %                              (1) As previously discussed, on January 1, 2018, the Company adopted the New Revenue Standard and the New Retirement Standard. For additional information, see Note 1(b) to AAG's Condensed Consolidated Financial Statements in Part I, Item 1A of its third quarter 2018 Form 10-Q filed on October 25, 2018.(2) Regional includes wholly owned regional airline subsidiaries and operating results from capacity purchase carriers.(3) Regional full-time equivalent employees only include our wholly owned regional airline subsidiaries.               Note: Amounts may not recalculate due to rounding.              


American Airlines Group Inc.Consolidated Revenue Statistics by Region(Unaudited)                   3 Months Ended
September 30,    9 Months Ended
September 30,      2018 2017 (1) Change  2018 2017 (1) Change                 Domestic (2)              Revenue passenger miles (millions)   40,321   39,491   2.1 %   116,649   113,960   2.4 %Available seat miles (ASM) (millions)   48,260   47,221   2.2 %   138,970   137,118   1.4 %Passenger load factor (percent)   83.6   83.6   - pts   83.9   83.1   0.8 ptsPassenger revenue (dollars in millions)   7,424   7,162   3.6 %   22,071   21,522   2.6 %Yield (cents)   18.41   18.14   1.5 %   18.92   18.88   0.2 %Passenger revenue per ASM (cents)   15.38   15.17   1.4 %   15.88   15.70   1.2 %                Latin America (3)              Revenue passenger miles (millions)   7,411   7,362   0.7 %   23,398   22,445   4.2 %Available seat miles (millions)   9,274   8,919   4.0 %   29,407   28,432   3.4 %Passenger load factor (percent)   79.9   82.5   (2.6)pts   79.6   78.9   0.7 ptsPassenger revenue (dollars in millions)   1,210   1,183   2.3 %   3,939   3,622   8.7 %Yield (cents)   16.33   16.06   1.6 %   16.83   16.14   4.3 %Passenger revenue per ASM (cents)   13.05   13.26   (1.6)%   13.39   12.74   5.1 %                Atlantic               Revenue passenger miles (millions)   10,110   9,728   3.9 %   23,631   23,077   2.4 %Available seat miles (millions)   12,503   12,212   2.4 %   30,554   29,554   3.4 %Passenger load factor (percent)   80.9   79.7   1.2 pts   77.3   78.1   (0.8)ptsPassenger revenue (dollars in millions)   1,504   1,363   10.3 %   3,471   3,170   9.5 %Yield (cents)   14.88   14.02   6.1 %   14.69   13.73   7.0 %Passenger revenue per ASM (cents)   12.03   11.17   7.7 %   11.36   10.72   5.9 %                Pacific               Revenue passenger miles (millions)   4,023   3,890   3.4 %   11,911   11,537   3.2 %Available seat miles (millions)   5,002   4,701   6.4 %   14,825   14,032   5.7 %Passenger load factor (percent)   80.4   82.7   (2.3)pts   80.3   82.2   (1.9)ptsPassenger revenue (dollars in millions)   423   388   9.0 %   1,233   1,133   8.8 %Yield (cents)   10.51   9.98   5.4 %   10.35   9.82   5.4 %Passenger revenue per ASM (cents)   8.46   8.25   2.4 %   8.32   8.08   3.0 %                Total International              Revenue passenger miles (millions)   21,544   20,980   2.7 %   58,940   57,059   3.3 %Available seat miles (millions)   26,779   25,832   3.7 %   74,786   72,018   3.8 %Passenger load factor (percent)   80.4   81.2   (0.8)pts   78.8   79.2   (0.4)ptsPassenger revenue (dollars in millions)   3,137   2,934   6.9 %   8,643   7,925   9.1 %Yield (cents)   14.56   13.99   4.1 %   14.66   13.89   5.6 %Passenger revenue per ASM (cents)   11.71   11.36   3.1 %   11.56   11.00   5.0 %                (1) As previously discussed, on January 1, 2018, the Company adopted the New Revenue Standard. For additional information, see Note 1(b) to AAG's Condensed Consolidated Financial Statements in Part I, Item 1A of its third quarter 2018 Form 10-Q filed on October 25, 2018.(2) Domestic results include Canada, Puerto Rico and U.S. Virgin Islands.(3) Latin America results include the Caribbean.                Note: Amounts may not recalculate due to rounding.                            


 

              Reconciliation of GAAP Financial Information to Non-GAAP Financial Information                         American Airlines Group Inc. (the “Company”) sometimes uses financial measures that are derived from the condensed consolidated financial statements but that are not presented in accordance with GAAP to understand and evaluate its current operating performance and to allow for period-to-period comparisons. The Company believes these non-GAAP financial measures may also provide useful information to investors and others. These non-GAAP measures may not be comparable to similarly titled non-GAAP measures of other companies, and should be considered in addition to, and not as a substitute for or superior to, any measure of performance, cash flow or liquidity prepared in accordance with GAAP. The Company is providing a reconciliation of reported non-GAAP financial measures to their comparable financial measures on a GAAP basis.

The tables below present the reconciliations of the following GAAP measures to their non-GAAP measures:

- Pre-Tax Income (GAAP measure) to Pre-Tax Income Excluding Special Items (non-GAAP measure)
- Pre-Tax Margin (GAAP measure) to Pre-Tax Margin Excluding Special Items (non-GAAP measure)
- Net Income (GAAP measure) to Net Income Excluding Special Items (non-GAAP measure)
- Basic and Diluted Earnings Per Share (GAAP measure) to Basic and Diluted Earnings Per Share Excluding Special Items (non-GAAP measure)
- Operating Income (GAAP measure) to Operating Income Excluding Special Items (non-GAAP measure)

Management uses these non-GAAP financial measures to evaluate the Company's current operating performance and to allow for period-to-period comparisons. As special items may vary from period-to-period in nature and amount, the adjustment to exclude special items allows management an additional tool to better understand the Company’s core operating performance.

Additionally, the tables below present the reconciliations of total operating costs (GAAP measure) to total operating costs excluding special items and fuel (non-GAAP measure). Management uses total operating costs excluding special items and fuel to evaluate the Company's current operating performance and for period-to-period comparisons. The price of fuel, over which the Company has no control, impacts the comparability of period-to-period financial performance. The adjustment to exclude aircraft fuel and special items allows management an additional tool to better understand and analyze the Company’s non-fuel costs and core operating performance.                 3 Months Ended
September 30, Percent Change 9 Months Ended
September 30, Percent Change Reconciliation of Pre-Tax Income Excluding Special Items  2018  2017 (1)   2018  2017 (1)    (in millions, except per share amounts)   (in millions, except per share amounts)                 Pre-tax income as reported $  456  $  1,063    $  1,498  $  2,987    Pre-tax special items:               Special items, net (2)    215     112       563     432      Regional operating special items, net    2     (5)      1     (1)     Nonoperating special items, net (3)    15     3       95     12    Total pre-tax special items    232     110       659     443                  Pre-tax income excluding special items $  688  $  1,173  -41% $  2,157  $  3,430  -37%                             Calculation of Pre-Tax Margin                           Pre-tax income as reported $  456  $  1,063    $  1,498  $  2,987                  Total operating revenues as reported $  11,559  $  10,965    $  33,603  $  32,011                  Pre-tax margin  3.9%  9.7%    4.5%  9.3%                               Calculation of Pre-Tax Margin Excluding Special Items                           Pre-tax income excluding special items $  688  $  1,173    $  2,157  $  3,430                  Total operating revenues as reported $  11,559  $  10,965    $  33,603  $  32,011                  Pre-tax margin excluding special items  6.0%  10.7%    6.4%  10.7%                               Reconciliation of Net Income Excluding Special Items                           Net income as reported $  341  $  661    $  1,094  $  1,865    Special items:               Total pre-tax special items (2), (3)    232     110       659     443      Income tax special items (4)    -     -       40     -      Net tax effect of special items    (50)    (42)      (156)    (160)   Net income excluding special items $  523  $  729  -28% $  1,637  $  2,148  -24%                             Reconciliation of Basic and Diluted Earnings Per Share Excluding         Special Items                           Net income excluding special items $  523  $  729    $  1,637  $  2,148                  Shares used for computation (in thousands):               Basic    460,526     484,772       465,452     493,164      Diluted    461,507     486,625       466,908     495,796                           Earnings per share excluding special items:               Basic $  1.14  $  1.50    $  3.52  $  4.36                             3 Months Ended
September 30,   9 Months Ended
September 30,   Reconciliation of Operating Income Excluding Special Items  2018  2017 (1)    2018  2017 (1)     (in millions)   (in millions)                 Operating income as reported $  649  $  1,256    $  2,108  $  3,592                  Special items:               Special items, net (2)    215     112       563     432      Regional operating special items, net    2     (5)      1     (1)   Operating income excluding special items $  866  $  1,363    $  2,672  $  4,023                                Reconciliation of Total Operating Cost per ASM Excluding Special  3 Months Ended
September 30,   9 Months Ended
September 30,   Items and Fuel  2018  2017 (1)    2018  2017 (1)     (in millions)   (in millions)                 Total operating expenses as reported $  10,910  $  9,709    $  31,495  $  28,419                  Special items:               Special items, net (2)    (215)    (112)      (563)    (432)     Regional operating special items, net    (2)    5       (1)    1    Total operating expenses, excluding special items    10,693     9,602       30,931     27,988                  Fuel:               Aircraft fuel and related taxes - mainline    (2,234)    (1,570)      (6,100)    (4,481)     Aircraft fuel and related taxes - regional    (506)    (352)      (1,369)    (999)   Total operating expenses, excluding special items and fuel  $  7,953  $  7,680    $  23,462  $  22,508                    (in cents)   (in cents)                 Total operating expenses per ASM as reported    14.54     13.29       14.73     13.59                  Special items per ASM:               Special items, net (2)    (0.29)    (0.15)      (0.26)    (0.21)     Regional operating special items, net    -     0.01       -     -    Total operating expenses per ASM, excluding special items    14.25     13.14       14.47     13.38                  Fuel per ASM:               Aircraft fuel and related taxes - mainline    (2.98)    (2.15)      (2.85)    (2.14)     Aircraft fuel and related taxes - regional    (0.67)    (0.48)      (0.64)    (0.48)   Total operating expenses per ASM, excluding special items                      and fuel    10.60     10.51       10.98     10.76                  Note: Amounts may not recalculate due to rounding.                           FOOTNOTES:                          (1)As previously discussed, on January 1, 2018, the Company adopted the New Revenue Standard and the New Retirement Standard. For additional information, see Note 1(b) to AAG's Condensed Consolidated Financial Statements in Part I, Item 1A of its third quarter 2018 Form 10-Q filed on October 25, 2018.              (2)The 2018 third quarter mainline operating special items totaled a net charge of $215 million, which principally included $109 million of fleet restructuring expenses and $68 million of merger integration expenses. The 2018 nine month period mainline operating special items totaled a net charge of $563 million, which principally included $275 million of fleet restructuring expenses, $188 million of merger integration expenses, a $45 million litigation settlement and a $26 million non-cash charge to write off the Company's Brazil route authority intangible asset as a result of the U.S.-Brazil open skies agreement.

The 2017 third quarter mainline operating special items totaled a net charge of $112 million, which principally included $62 million of fleet restructuring expenses and $62 million of merger integration expenses. The 2017 nine month period mainline operating special items totaled a net charge of $432 million, which principally included $192 million of merger integration expenses, $174 million of fleet restructuring expenses and $45 million for labor contract expenses.

Fleet restructuring expenses principally included accelerated depreciation and remaining lease payments for aircraft and related equipment grounded or expected to be grounded earlier than planned. Merger integration expenses included costs associated with integration projects, principally the Company's flight attendant, human resources and payroll, and technical operations integrations. .            (3)The 2018 third quarter and nine month period nonoperating special items included $15 million and $82 million, respectively, of mark-to-market net unrealized losses associated with certain of the Company’s equity investments. The 2018 nine month period nonoperating special items also included $13 million of costs associated with debt refinancings and extinguishments.

Nonoperating special charges in the 2017 periods primarily consisted of costs associated with debt refinancings and extinguishments.              (4)Income tax special items for the 2018 nine month period included a $22 million charge to income tax expense to establish a required valuation allowance related to the Company's estimated refund for Alternative Minimum Tax (AMT) credits and an $18 million charge related to an international income tax matter.              

 

American Airlines Group Inc. Condensed Consolidated Balance Sheets(In millions)      September 30, 2018 December 31, 2017 (1) (unaudited)  Assets       Current assets   Cash$  303  $  295 Short-term investments   4,552     4,771 Restricted cash and short-term investments   154     318 Accounts receivable, net   2,170     1,752 Aircraft fuel, spare parts and supplies, net   1,576     1,359 Prepaid expenses and other   743     651 Total current assets   9,498     9,146     Operating property and equipment   Flight equipment   40,983     40,318 Ground property and equipment   9,187     8,267 Equipment purchase deposits   1,330     1,217 Total property and equipment, at cost   51,500     49,802 Less accumulated depreciation and amortization   (17,277)    (15,646)Total property and equipment, net   34,223     34,156     Other assets   Goodwill   4,091     4,091 Intangibles, net   2,147     2,203 Deferred tax asset   1,293     1,816 Other assets   1,383     1,373 Total other assets   8,914     9,483     Total assets$  52,635  $  52,785         Liabilities and Stockholders’ Equity (Deficit)       Current liabilities   Current maturities of long-term debt and capital leases$  2,493  $  2,554 Accounts payable   1,886     1,688 Accrued salaries and wages   1,386     1,672 Air traffic liability   5,040     4,042 Loyalty program liability   3,242     3,121 Other accrued liabilities   2,301     2,281 Total current liabilities   16,348     15,358     Noncurrent liabilities   Long-term debt and capital leases, net of current maturities   22,274     22,511 Pension and postretirement benefits   6,898     7,497 Loyalty program liability   5,317     5,701 Other liabilities   2,366     2,498 Total noncurrent liabilities   36,855     38,207     Stockholders' equity (deficit)   Common stock   5     5 Additional paid-in capital   4,946     5,714 Accumulated other comprehensive loss   (5,203)    (5,154)Accumulated deficit   (316)    (1,345)Total stockholders' deficit   (568)    (780)        Total liabilities and stockholders’ equity (deficit)$  52,635  $  52,785         (1) As previously discussed, on January 1, 2018, the Company adopted the New Revenue Standard. For additional information, see Note 1(b) to AAG's Condensed Consolidated Financial Statements in Part I, Item 1A of its third quarter 2018 Form 10-Q filed on October 25, 2018.

 

Corporate Communications
817-967-1577
mediarelations@aa.com

Stingray and Newfoundland Capital Receive CRTC Approval

Tue, 23/10/2018 - 22:28

MONTREAL and DARTMOUTH, Nova Scotia, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (“Stingray”) (TSX: RAY.A; RAY.B) and Newfoundland Capital Corporation Limited (“NCC”) (TSX: NCC.A; NCC.B) today announced that the Canadian Radio-television and Telecommunications Commission (CRTC) has authorized the transaction announced on May 2, 2018, pursuant to which Stingray will acquire the shares of NCC (the “Transaction”).

As such, all regulatory approvals required to complete the Transaction have been obtained and the Transaction is expected to close on or about October 26, 2018.

Based on the number of issued and outstanding shares of NCC, each shareholder of NCC is expected to receive approximately 0.15371 Stingray subordinate voting shares (or Stingray variable subordinate voting shares, as applicable) and approximately $13.17 in cash for each share of NCC owned. No fractional shares will be issued, and Stingray will settle any fractional shares in accordance with the terms of the arrangement agreement entered into on May 2, 2018 (the “Arrangement Agreement”).

A detailed description of the Transaction is set forth in the NCC management information circular dated May 23, 2018 (the “Circular”). Shareholders can obtain a copy of the Circular as filed with applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com.

Letters of Transmittal were mailed to registered shareholders of NCC along with the Circular and are also available on SEDAR at www.sedar.com. The Letters of Transmittal explain how registered NCC shareholders who hold their shares in physical certificate form can deposit and obtain payment for their NCC shares once the Transaction is completed. Registered NCC shareholders must return their duly completed Letters of Transmittal to AST Trust Company (Canada) in order to receive the consideration to which they are entitled for their NCC shares. Non-registered shareholders who hold shares in brokerage accounts or with other financial intermediaries should carefully follow the instructions from their broker or other financial intermediary that holds NCC shares on their behalf. Qualifying NCC shareholders who have provided notice to Stingray as described in the Circular that they have elected to transfer their NCC shares to a “Qualifying Holdco” in exchange for Qualifying Holdco shares and to sell the Qualifying Holdco shares to Stingray will receive a separate letter of transmittal from Stingray.

About Stingray Digital Group Inc.
Stingray Digital Group Inc. (TSX: RAY.A; RAY.B) is the world-leading provider of multiplatform music and video services as well as digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, consumers, and more. Its services include audio television channels, premium television channels, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. Stingray reaches 400 million subscribers (or users) in 156 countries and its mobile apps have been downloaded over 100 million times. Stingray is headquartered in Montréal 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, 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. NCC 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 composition of the consideration payable to NCC shareholders in connection with the Transaction and the closing date of the Transaction. 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 completion of the closing conditions in the Arrangement Agreement and additional risks identified in the Circular.

Each of Stingray and NCC expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

For more information, please contact:

For Stingray : 

Frédérick Truchon-Gagnon
NATIONAL Public Relations
(438) 350-1001
ftruchon-gagnon@national.caFor NCC:

Robert G. Steele
Chairman, President and Chief Executive Officer
or
Scott G.M. Weatherby
Chief Financial Officer and Corporate Secretary
Newfoundland Capital Corporation Limited
(902) 468-7557
investorrelations@ncc.ca
www.ncc.ca  

Transactions in relation to share buyback program

Tue, 23/10/2018 - 20:44

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

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

The following transactions have been made under the program in the period October 16, 2018 – October 22, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  October 16, 20184,990272.171,358,152  October 17, 20187,400274.592,031,998  October 18, 20185,000281.751,408,768  October 19, 20188,317281.732,343,118  October 22, 20182,500281.88704,708Accumulated under the program1,889,141281.30531,413,873

Following the above transactions GN holds a total of 12,630,995 own shares corresponding to a nominal value of DKK 50,523,980 and 8.7% of the total share capital and the total voting rights in the company. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

For further information, please contact:

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

Or

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


Press and the media
Lars Otto Andersen-Lange
Head of Media Relations & Corporate Public Affairs
Tel: +45 45 75 02 55


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

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

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

Attachments

The Carlyle Group Assumes Majority Interest in NEP Group, Venus Williams Joins NEP Board of Directors

Mon, 22/10/2018 - 16:30

PITTSBURGH, Oct. 22, 2018 (GLOBE NEWSWIRE) -- NEP Group, Inc. (NEP) and The Carlyle Group (NASDAQ: CG) announced today that Carlyle Global Partners (CGP), Carlyle’s long-duration private equity fund, has completed its acquisition of Crestview Partners’ remaining shareholding in NEP. Carlyle initially invested in NEP alongside Crestview and Management in June 2016 and, following the closing on October 19, 2018, now holds a majority interest in NEP. Carlyle will continue to support NEP’s strategy of growing its position as a leading worldwide outsourced technical production partner that enables premier content producers to make, manage and show the world their content.

Carlyle, a global alternative asset manager with $210 billion in assets under management across 335 investment vehicles, has a long-term track record of successfully investing in growing media companies, as well as technology and business service companies. As of June 30, 2018, the firm had invested nearly $90 billion in private equity transactions and $20 billion across the technology and business services sectors alone. Carlyle invested in NEP through the CGP long-duration fund, which Carlyle launched in 2014 to pursue opportunities that leverage its expertise, resources and global platform for investments that benefit from longer hold periods and structural flexibility. The CGP fund’s ability to hold NEP for a longer period of time than a traditional private equity fund and its focus on long-term capital investment provides NEP with substantial available capital to support the company’s current and future growth strategy.

As part of the transaction, NEP announced the company’s new Board of Directors, including three new members. Joining the NEP Board are:

Venus Williams, professional tennis player and Principal at EleVen by Venus Williams and VStarr Interiors. In 2007 Ms. Williams launched EleVen, a lifestyle business and brand of fashion-forward activewear, and in 2002 formed VStarr Interiors, creating elegant, timeless designs for residential and commercial properties. Both businesses are supported by the same hard work, preparation, dedication, intuition and instinct that has made her one of the world’s top athletes. Ms. Williams is a business graduate of Indiana University East and a graduate of the Art Institute’s fashion design program.

 Matthew Coles, Vice President, The Carlyle Group. Mr. Coles has been with CGP since 2016 and previously worked in Carlyle’s European Buyout fund. Since joining Carlyle in 2010, Mr. Coles has been actively involved in investments across a number of industries and sectors including business services, industrials, consumer and financial services. He is a graduate of St. Peter’s College, Oxford University. Mr. Coles will serve on the Board’s Audit Committee.

Patrick J. Wilson, The Carlyle Group. Mr. Wilson has been with The Carlyle Group since 2013 and CGP since 2015. His experience at Carlyle includes multiple private equity funds, including Carlyle's flagship buyout fund in Asia, Carlyle Asia Partners, and multiple sectors, including media, education, healthcare and industrials. He is a graduate of the University of Sydney’s Business School and Faculty of Law and received his Master of Applied Finance from the Securities Institute of Australia. Mr. Wilson will serve on the Board’s Audit Committee.

Continuing on the NEP Board of Directors are six members:

Kevin Rabbitt, CEO of NEP Group, will continue to serve on the Board and will assume the role of Chairman.

Debra Honkus, Co-Founder of NEP and former Chairman of the Board, will continue to serve on the Board and will assume the role of Chairman Emeritus.

Tyler Zachem, Managing Director of The Carlyle Group and Co-Head of the Carlyle Global Partners fund, will continue to serve on the Board. Mr. Zachem will chair the Board’s Compensation Committee.

Ken Schanzer, retired President of NBC Sports, will continue to serve on the Board and its Compensation Committee.

Mark Patricof, Founder of Patricof Co, will continue to serve on the Board and its Compensation Committee.

Fred Reynolds, retired CFO of CBS, will continue to serve on the Board and chair the Board’s Audit Committee.

“Carlyle has been an outstanding partner over the last two years, and we’re excited for the opportunity to continue our relationship,” said Kevin Rabbitt, CEO of NEP. “The industry expertise, global network and long-duration capital they provide are major assets to NEP as we move forward with our strategy to expand globally, broaden our service offerings and grow the business.

“I’m also looking forward to working with our new NEP Board of Directors.  We have an exceptional group of people, and I am personally excited that Venus has decided to join this group. Collectively, the Board brings valuable and diverse experiences and perspectives to the table.”

Tyler Zachem, Managing Director and Co-head of Carlyle Global Partners, added: “NEP’s management team has grown the business significantly since our original investment. We look forward to continuing this momentum as we work together to expand NEP’s position as a fully diversified global outsourced production services business.”

Jones Day served as legal advisors to NEP on the transaction. Debevoise & Plimpton LLP served as legal advisors to Carlyle on the transaction. J.P. Morgan Securities LLC, Barclays and Patricof Co served as financial advisors to the Company. Berenson & Company, LLC served as financial advisor to Carlyle.

To learn more about NEP and its solutions, visit 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 3,500+ employees are driven by a passion for superior service and a focus on technical innovation. Together, we have supported productions in 87 countries on all seven continents.

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

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $210 billion of assets under management across 335 investment vehicles as of June 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents. www.carlyle.com

CONTACT: Susan Matis NEP Group +1 412-334-0012 press@nepgroup.com Christa Zipf The Carlyle Group +1 212-813-4578 christa.zipf@carlyle.com

Meizu officially launches its Overseas smartphone

Wed, 17/10/2018 - 18:43

Jakarta, Indonesia, Oct. 17, 2018 (GLOBE NEWSWIRE) -- Meizu officially launches its Overseas smartphone, produced in and to be sold in the Indonesian market, the C9, as well as 4 other fantastic products, including the Flagship Meizu 16th, the upgraded M6T, POP true wireless earphones and EP52 Lite.

A photo accompanying this announcement is available at https://i.imgur.com/C4LvxTd.png

(Jakarta, Indonesia October 15th, 2018) -- Meizu is releasing 5 exciting products, including 3 smartphone models, its iconic flagship 16th, M6T, C9, POP and EP52 Lite earphones).

Meizu’s product launch event is set for the 15th October 2018 at the Pullman hotel in Jakarta Indonesia, with a great line-up of speakers, including Meizu’s Co-Founder and Overseas President Mr Guo, and overseas Head of Marketing and packed with over 150 of Indonesia’s top media, bloggers and fans, it’s set to be a fantastic event all round.

Meizu is releasing five great products and introducing 2 years’ warranty on their smartphones in the Indonesian market, compared with other smartphone manufacturers who only offer a 1-year warranty. They have also joined forces exclusively with JD.id to offer their products online, at a great price. With the first set of POP to hit the market on the 16th and other products to be introduced around the 23rd of October, Meizu is set for rapid growth over the coming year.

Meizu, one of the world’s leading Smartphone and accessories designers and manufacturers, is poised to develop its share of the Indonesian smartphone market, through delivering high spec products, at great value.

Meizu is dedicated to producing its smartphones in Indonesia and supporting local growth and jobs. Its mission is to deliver great phones and accessories to people who love them, and increasing its Meizu fan base in Indonesia. Already with a large following in Indonesia, Meizu is set to increase its family of followers, delivering great products as well as interesting events for them.

Meizu is a company aimed at producing products for young people and this is reflected in the youthful design of the products it creates, as well as in the employees it hires. Most of the employees in Meizu are youthful, giving the Meizu Brand a young energy throughout.

Let’s take a look at the great products Meizu is launching at this event. Introducing the C9, the upgraded M6T, the Flagship 16th, POP and EP52 Lite accessories.

Meizu 16th

A photo accompanying this announcement is available at https://i.imgur.com/2i9jNlB.png 

The Meizu 16th series is the latest Flagship phone that is the most prominent among the full screen phones of its kind. Adapting the 40mm screen width from Samsung Amoled, this is a breakthrough for Meizu, with a screen edge of 1.43mm from the left and right of the screen, and a screen ratio of 89.57%. Meizu 16th also features super linear speakers that provide satisfaction in producing clear and maximum sound. The 16th is a thin phone of only 7.3 mm, and features a 4x 8GB DDR RAM as well as the Qualcomm Snapdragon 845, the Meizu 16th is a very powerful flagship model. For selfie and video vlog lovers, the Meizu 16th is supported with a 12 MP + 20 MP camera with a dual camera combination and Qualcomm Hexagon 685 DSP AIE (artificial intelligence engine) that creates stunning photos even in dimly lit spaces. The IMX350 sub-camera also supports bokeh photos with 3x zoom. You could say, "Meizu 16th is a cellphone with the best camera that is priced at an economical price", said Leon Zhang, Head of Meizu Overseas Marketing.

M6T

A photo accompanying this announcement is available at https://i.imgur.com/PWOLXPG.png

Meizu M6T combines classic touches with a lightweight polycarbonate body weighing only 145g. In collaboration with PPG Master's Mark, known as a supplier of paint for the aerospace and automotive industry, the Meizu M6T is wrapped in 3 stunning color variants, Ochre Black, Sky Blue and Coral Red. Even with a lightweight body, Meizu guarantees the toughness of the M6T, which is an upgrade of the highly successful M6. Meizu M6T has a battery capacity of 3300mAh, increasing more than 10% compared with its predecessor. The longer and optimal battery life is supported by ATL as a well-known battery manufacturer. And the screen is now, 18:9 ratio, 5.7 full HD screen and comes to Indonesia in two capacities, the 2GB RAM and 16GB internal memory and the 3GB RAM and the 32GB Internal memory as well as 8x A53 CPU processors. The 13MP and 2MP rear and the 8MP front facing cameras are now supported with ArcSoft AI technology, giving even better selfies and photos. The M6T also features, a f/2.2 aperture and 1.12um single pixel, which is the Industry's largest pixel area in its class, producing a better photo than most competitors

Meizu C9

A photo accompanying this announcement is available at https://i.imgur.com/RScenAm.png

Not much different from the M6T, the Meizu C9 is also the latest smartphone with a light weight design of 150g and a charming shape. Meizu C9 also includes the face recognition unlock feature, which is fantastic for a phone at this price range. At only 9.7 mm thin, and with a polycarbonate casing, this phone is comfortable in the hand and has an attractive body. Meizu C9 comes with HD+, 18:9 ratio, 5.45 inch screen, with specs of 146.2x 71.2 x 9.7mm, and a wide display. This phone also features 1.3GHz 4 core processors with 2GB RAM and 16GB ROM option and comes in two colours, ocean blue and space black.

EP52 Lite

A photo accompanying this announcement is available at https://i.imgur.com/RZm82ZG.png

Meizu EP52 Lite is a Bluetooth earphone accessory that is great for sports lovers. The design is light and comfortable, wrapped with a touch of TPE material that has been developed to make users feel a new sensation when enjoying music. With a Bio-fiber diaphragm, can treated it with melodious bass sounds while doing activities. By only charging the battery for 1.5 hours, EP52 Lite can last 8 hours when used, and up to 200 hours when in standby. When the EP52 Lite is not in use, the magnetic sensor will make the earbuds stick together and within 5 minutes the earphone will automatically turn off when not in use.

POP

A photo accompanying this announcement is available at https://i.imgur.com/4G5bjGw.png 

Meizu Pop is a true wireless Bluetooth earphone accessories issued by Meizu. Each earbud weighs only 5.8g, lighter than a metal coin, but is supported by amazing stereo audio quality. A pair of fully charged earphones can operate for 3 hours continuously, plus an extra 12-hour capacity provided by the battery case – more than you need for all-day use. For those of you who often do outdoor activities, you don't need to worry about sweat and rain, because POP has been tested for water resistance with an IPX5 rating. This is a new breakthrough in enjoying quality of life.

All of the above products were released exclusively on JD.ID, as Meizu e-commerce partner

Meizu Social Media

Facebook: https://www.facebook.com/meizu

Instagram: https://www.instagram.com/meizutech

Twitter: https://twitter.com/meizu

Media Contact

Alexander Twibill

Global Marketing Director

Email: alexander@meizu.com

https://i.imgur.com/2i9jNlB.png 

Attachments

CONTACT: Alexander Twibill Meizu Technology ltd alexander@meizu.com

Investor Ideas Potcasts Cannabis News and Stocks on the Move: Interview with Niel Marotta, CEO of INDIVA Limited (TSXV: NDVA.V) Talking about Company’s Master Grower, Branding and Pending Legalization

Tue, 16/10/2018 - 17:00

POINT ROBERTS, Wash. and KELOWNA, British Columbia, Oct. 16, 2018 (GLOBE NEWSWIRE) -- https://www.investorideas.com/, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s edition in its series, Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.

Today’s potcast features an exclusive interview with Niel Marotta, CEO of INDIVA Limited (TSXV: NDVA.V) (OTC: NDVAF).

Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2018/101518-INDIVA-CEO-NielMarotta.mp3

Hear Investor ideas cannabis potcast on iTunes

Niel discusses the Company’s inception and mission, its branding strategy and the recent inclusion in the Horizons Marijuana Life Sciences exchange-traded fund (TSX: HMMJ.TO).

Niel also talks about their master grower, Pete Young, and the recent news that Amazon and Indigo listed his soon to be released memoir, ‘The High Road: a Pot Grower's Journey from the Black Market to the Stock Market’.

Discussing their master grower, Niel said, “Pete’s been a cannabis crusader for over 20 years. He’s a big part of INDIVA; he really understands the history of the industry and he has a very good sense of what patients want and need and he is obviously very experienced on the grow side.”

Neil also shares his thoughts on the pending legalization in Canada, “We are obviously very excited about the changes coming into effect on October 17th. Where we are specifically keen is on the ability to actually talk to the customers and the bud-tenders about some of the great products we have licensed out of the U.S.”

Sharing his excitement over their licensed chocolates and edibles, cannabis sugar and salt brands he said, “What I am mostly excited about is the opportunity for Canadians that are keen to try cannabis and were waiting for a legal way to do it; maybe also in a way to do it without having to smoke. I think we are set up ideally to be big winners in that market.”

About INDIVA https://www.indiva.com/

INDIVA's wholly owned subsidiary is a Licensed Producer under Canada's Access to Cannabis for Medical Purposes Regulation ("ACMPR").

INDIVA's mission is to offer cannabis products that have a positive impact, improving lives and communities. 

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

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Transactions in relation to share buyback program

Tue, 16/10/2018 - 14:58

Announcement NO. 45                                                                                   October 16, 2018

Transactions in relation to share buyback program

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

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

The following transactions have been made under the program in the period October 9, 2018 – October 15, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  October 9, 20184,262263.771,124,185  October 10, 201820,000264.215,284,182  October 11, 201800.000  October 12, 20189,020272.902,461,541  October 15, 20185,000271.071,355,331Accumulated under the program1,860,934281.35523,567,130

Following the above transactions GN holds a total of 12,602,788 own shares corresponding to a nominal value of DKK 50,411,152 and 8.7% of the total share capital and the total voting rights in the company. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

For further information, please contact:

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

Or

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


Press and the media
Lars Otto Andersen-Lange
Head of Media Relations & Corporate Public Affairs
Tel: +45 45 75 02 55


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

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

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

Attachments

TLD3 Entertainment Group Inc. (TLDE, OTC PINK) Enters Agreement to Purchase Taiwan Based Prosys Inc.

Mon, 15/10/2018 - 23:44

New York, NY, Oct. 15, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE --

  • TLD3 Entertainment Group Inc. (TLDE, OTC PINK) Enters Agreement to Purchase Taiwan based Prosys Inc. an audio/microelectronics engineering and development company, with established proprietary original equipment manufacturing (OEM) music streaming hardware/software technology.
  • The acquisition of Prosys will enable TLD3 Entertainment (TLD3) to quickly launch its StreamBeatz™ Mobile music streaming player, OEM music streaming application products and Wi-Fi Direct streaming products for the Company’s target $33 Billion + Wireless Audio Streaming/Music streaming markets.

TLD3 Entertainment Group, Inc. 276 5th Avenue Suite 704 New York, NY (OTC PINK: TLDE), (www.tldecorp.com) is pleased to announce it has entered into an agreement to acquire Taipei, Taiwan based engineering firm Prosys Inc.

Prosys is led by Founder/CEO Arthur Lin, A Bachelor of EE, whom has over 20 years of engineering experience with expertise in semiconductors and embedded microelectronics.

Under Mr. Lin’s leadership, Prosys has successfully developed and implemented OEM solutions for Fortune 500 companies. Prosys has also developed its own line of proprietary music streaming hardware known as GB1 and RAW Play (Google Play Store App) a software solution and application for Hi Resolution (Hi Res) music streaming.

In acquiring Prosys, TLD3 will acquire the rights to the GB1 music streaming hardware and Raw Play Software.

Prosys’ GB1 technology is a wireless Hi Res music streaming platform that is the basis for Prosys’ OEM music streaming applications, and the basis for TLD3’ soon to be released StreamBeatz™ mobile music streaming player.

TLD3’s StreamBeatz Player™ is based on Prosys GB1 technology architecture and has a unique integration of hardware, software and wireless technologies that enable mobile on the go streaming of Hi Res 16-24-bit Lossless music from iTunes, Spotify and Tidal. The StreamBeatz Player™ is targeted as an enhancement to high-end headphones like the Beats headphones, and as a complementary streaming player for cars and wireless speakers. TLD3 anticipates starting pre-sales of the StreamBeatz Player™ within the next 45 – 60 days.

Raw Play is Prosys’ software which has been released and distributed on Google’s Play Store. Raw Play is a proprietary Wi-Fi Direct music streaming software application. Raw Play works natively on the TLD3’s StreamBeatz Player™ mobile player utilizing Wi-Fi Direct. Wi-Fi Direct is Point to Point (p2p) wireless technology that enables devices like smartphones and streaming devices to be linked together directly. Apple Airplay is an example of a proprietary Wi-Fi p2p technology, Wi-Fi p2p technology offers superior capabilities over Bluetooth, benefits include superior broadcast quality, greater range and multi room connectivity.

The acquisition of Prosys, its technology and expertise will give TLD3 powerful leverage for launching products in the target multi-billion-dollar wireless audio and music streaming markets, advantages include:

1: Ability to offer OEM applications for sale to computer, automobile, game and TV markets

2: Proprietary music streaming hardware and software

3: Continuing development expertise for quick market development and prototyping

4: In-house expertise and development

5: New marketable products

The Company expects the completion of all transitions and phases of the acquisition of Prosys by the end of the 1st qtr. 2019.

About TLD3 Entertainment Group, Inc.

OTC PINK: TLDE  (the "Company") (www.tldecorp.com) 
TLD3 is a New York, NY based Company that develops, acquires, and markets music streaming and digital media platform technologies and devices for the wireless audio and music streaming markets.

The Wireless audio streaming market is estimated to grow to $33 billion a year by 2023. The online music streaming markets have surpassed $10 billion annually. The Company has developed multiple powerful products for the wireless audio streaming, online music streaming and music discovery markets. The Company is uniquely positioned for high growth in the newly emerging streaming entertainment markets.

Forward-Looking Statements
This release may contain statements that are "forward-looking statements". Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "will likely", "should", "could", "would", "may" or words or expressions of similar meaning. These statements are based on current estimates and projections about the Company's business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's limited operating history, ability to execute effectively its business plan, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantage, the Company's, the limited financial resources, and conditions of equity markets. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. No information in this press release should be construed as an indication of the Company's future revenues or financial results.

CONTACT INFORMATION

Gerald Baugh

Gerald.Baugh@TLDEcorp.com

(503) 780.8725

Stingray Business Enters the European Market with the Acquisition of DJ-Matic

Fri, 12/10/2018 - 15:30

Stingray Business gains commercial clients in 10,000 locations across Belgium, the Netherlands, Germany, and Denmark

MONTREAL, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (“Stingray”) (TSX: RAY.A; RAY.B) today announced that it has acquired DJ-Matic, a provider of in-store media solutions (music, video, digital signage) for businesses with clients in Belgium, the Netherlands, Germany, and Denmark.

Launched in 2000, DJ-Matic serves clients in a range of industries including bars and pubs, retail stores, restaurants, hotels, and fitness centers.

This strategic acquisition supports Stingray’s business plan and growth strategy by giving Stingray Business a solid foothold in Europe and a share in the local demand for entertainment services that are specially curated and licensed for commercial use.

Stingray Business, already a leader in the Canadian background music market with clients in 78,000 locations, has been on a growth streak in the past year. In the last twelve months, Stingray Business signed its largest contract to date with Mexico’s Farmacias del Ahorro, entered the Australian market with the acquisitions of SBA Music and SMA Entertainment, and acquired Novramedia, a Toronto-based leader in the design, development, and implementation of digital media solutions.

By joining forces with DJ-Matic, Stingray Business adds 10,000 locations to the count and acquires +25 years of experience in the European Entertainment and Music industry.

Under the terms of the agreement, Stingray will fully own and operate DJ-Matic with the continued direction of the company’s current leadership team.

Quotes:

“Stingray has been present in Europe for close to a decade and has established a solid reputation as a provider of music and video services for pay TV providers such as Orange, Free, Telenet, and Proximus,” explained Eric Boyko, President, Co-founder, and CEO of Stingray. ”The acquisition of DJ-Matic adds an important building block to our commercial offering and will be at the core of our European expansion strategy. I look forward to developing a new client base that will benefit from the expertise we have accrued with businesses in Canada, Mexico, and Australia. I am confident that with the continued support of DJ-Matic’s leadership, we will establish Stingray Business as the go-to background music provider across the continent.”

“Joining the Stingray family is a great step forward for DJ-Matic,” said Kris Gryspeert, Managing Director of DJ-Matic. “Stingray’s proven expertise combined with our know-how and client base bode very well for the future. Our shared mission of providing commercial clients with turnkey entertainment solutions and drive to improve the customer experience in any setting make this joining of forces a perfect match.”

About Stingray
Stingray (TSX: RAY.A; RAY.B) is the world-leading provider of multiplatform music and video services as well as digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, consumers, and more. 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 100 million times. Stingray is headquartered in Montreal and currently has close to 400 employees worldwide. For more information: www.stingray.com.

Forward-Looking Information
This news release 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 7, 2018, which is available on SEDAR at www.sedar.com. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that Stingray anticipates will be realized or, even if substantially realized, that they will have the expected consequences or effects on Stingray’s business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein is provided as of the date hereof, and Stingray does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

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

ROHM Expands Its D/A Converter Product Line-up for High-Fidelity Audio

Thu, 11/10/2018 - 20:30

Kyoto and Santa Clara, Calif., Oct. 11, 2018 (GLOBE NEWSWIRE) -- ROHM has launched a new branding “MUS-IC” reflecting ROHM’s focus on solutions for high-fidelity audio products.
This branding covers a range of D/A converter ICs (DAC ICs), optimized for high-fidelity reproduction, and power supply products.

The increased adoption of high-resolution audio sources has lately strengthened the demand for audio equipment that can deliver an appropriate sound quality. Audio DAC chips, which convert high-resolution digital audio data to analog without degrading the original sound source, are one of the most important components for determining the quality in audio equipment.

ROHM has state of the art D/A converter technologies that are optimized for high-fidelity reproduction of high-resolution sound sources. These DAC chips, which deliver class-leading low noise and low distortion (S/N ratio and THD+N characteristics) as demanded by top audio equipment manufacturers, have been optimized for sound quality through repeated listening tests and laboratory measurements.

Leveraging 50 years of expertise in developing audio ICs allowed ROHM to establish ‘sound quality design technology’ capabilities for high-fidelity audio reproduction that is close to the original sound source and thereby offer products designed with an emphasis on sound quality; including sound processors and power supply ICs. In May 2018 ROHM unveiled an initial development sample of a DAC chip at the international Hi-Fi Audio show held in Munich, Germany where it received recognition from top audio equipment manufacturers who expressed a keen interest in its adoption once it is commercialized.

In addition to this DAC chip, ROHM also offers a product portfolio of power supply ICs (BD372xx series) and sound processors (BD3470x series, BD34602FS-M). All products optimized for high fidelity audio applications are listed under its new audio device brand ROHM Musical Device “MUS-IC.”

“We have developed this product range by combining our sound quality design technology with the corporate mission of ’Quality first‘, and our vertically integrated manufacturing. We are also implementing activities that contribute to the dissemination and development of music culture with the ROHM Music Foundation.”, said Naruhiro Okamoto, Manager of the Audio Development Department at ROHM. “The team of experienced engineers has developed the ultimate IC solution which is perfectly represented by the new audio device brand ’MUS-IC’.”

ROHM Musical Device “MUS-IC” Web Page can be found at here.

Going forward, ROHM will strive to become a total-solution provider of audio components that will contribute to the development and progress of music culture with faithful music reproduction and all under the ROHM Musical Device “MUS-IC” brand.


Initiatives for the Audio Market
1970s:  Started offering audio ICs for analog audio
1980s/1990s:  Provided products combining analog and digital technologies for digital audio
2000s:  Developed multimedia and multifunctional products for compressed audio
2012:  Implemented activities to achieve ‘sound quality design technology’
2015:  Established ‘sound quality design technology’ that ensured high-fidelity by optimizing 28 parameters related to sound quality
October 2016:  Released the BD3470xKS2 series of high-fidelity sound processors for home audio that leveraged proprietary sound quality design technology
2016:  Began development of power supply ICs for high-fidelity audio
2016:  Started development of DAC chips for high-fidelity audio
February 2017:  Introduced the BD34602FS-M series of high-fidelity sound processors for car audio
February 2017:  Released the BM94803AEKU audio SoC that supports high-resolution audio sources
March 2018:  Offered the industry’s first power supply ICs for Hi-Fi audio applications (BD372xx series)
May 2018:  Showcased the DAC chip at international Hi-Fi audio exhibitions HIGH END and hifideluxe Munich


Terminology
High-resolution Audio Source
General CD quality audio sources are played back at a sampling frequency of 44.1kHz and 16bit quantization bit rate, but with high-resolution audio sources sampling frequencies 96kHz or more and 24bit quantization are common. In other words, the amount of information contained in high-resolution audio sources is much greater, resulting in higher quality audio.

Hi-Fi (High Fidelity) Audio
Refers to the faithful (high quality) reproduction of an audio source.


About ROHM Semiconductor
ROHM Semiconductor is an industry leader in system LSI, discrete components and module products, utilizing the latest in semiconductor technology. ROHM's proprietary production system, which includes some of the most advanced automation technology, is a major factor in keeping it at the forefront of the electronic component manufacturing industry. In addition to its development of electronic components, ROHM has also developed its own production system so that it can focus on specific aspects of customized product development. ROHM employs highly skilled engineers with expertise in all aspects of design, development and production. This allows ROHM the flexibility to take on a wide range of applications and projects and the capability to serve valuable clients in the automotive, telecommunication and computer sectors, as well as consumer OEMs.

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CONTACT: Jayme Pontious ROHM Semiconductor jpontious@rohmsemiconductor.com

Dolby Laboratories Founder Honored for Innovation at the Gateway to American Culture and Future Entertainment Exhibition at Smithsonian

Thu, 11/10/2018 - 18:00

The “Ray Dolby Gateway to American Culture” Opens Oct. 19 at the National Museum of American History

WASHINGTON, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Visitors to the Smithsonian’s National Museum of American History will explore American history through culture, entertainment and the arts beginning Oct. 19 in the “Ray Dolby Gateway to Culture” which will focus on music and sound with a preview of the themes and objects in a 2020 major exhibition. “Entertaining America,” in the “Ray and Dagmar Dolby Hall of American Culture.”

The “Ray Dolby Gateway to Culture” brings visitors into a series of installations centered on sound, stage, stadium and screen, including the Ruby Slippers, which return to view after an 18-month conservation. The first display is “America’s Listening” which focuses on the public’s experience with recorded sound, including five of the innovations that kept them listening: Thomas Edison’s phonograph, Alexander Graham Bell’s graphophone, Emile Berliner’s gramophone, Ray Dolby’s noise reduction system, and Apple’s iPod.  This leads to the Culture Wing’s landmark object — a 14-foot stained-glass window from one of four windows that graced the tower of the Victor Company’s headquarters in Camden, New Jersey. It features what became the RCA company’s iconic trademark image of a dog “Nipper” listening to his master’s recorded voice.
     
In the center of the installations on the museum’s culture floor will be the Nicholas F. and Eugenia Taubman Hall of Music with side-lobby displays highlighting the museum’s jazz and classical instrument collections. Outside the music hall, will be two cases highlighting new entertainment-related additions to the arts and culture collections. A 1923 Yankee Stadium ticket booth will highlight baseball as one of the country’s favorite pastimes. Two screens will explore America through the virtual landscapes depicted in popular video games and this space will feature a seating area with charging stations. A vivid mural commissioned by the museum from the Washington, D.C. studio of No Kings Collective brings creativity, color and patterns to illustrate the concept of American culture.

The Ruby Slippers will be in a separate gallery within a state-of-the-art display case. The October opening will feature two additional artifacts related to the popular 1939 film, “The Wizard of Oz.” 

“Entertainment provides a lens through which our visitors can better understand history and we are grateful to Dolby for making this gift and enabling us to share these popular artifacts with millions of people,” said Sue Fruchter Interim Director, National Museum of American History. “The power of culture will help our audiences discover a range of new and unexpected ways by which we can all engage in, improve and expand the promise of our democracy.”

“Ray’s story is the epitome of the American Dream,” said Dagmar Dolby, wife of Dolby Laboratories founder Ray Dolby. “After returning from military service he followed with college and began on a path to make entertainment look and sound more lifelike. His boundless curiosity made him a tremendously successful inventor and he would be thrilled to have some of his work showcased with Bell, Edison, Berliner, and Jobs.”

“Ray set the tone for multigenerational innovation in music, television, and film that has continued for more than five decades,” said Andy Sherman, EVP and General Counsel at Dolby Laboratories. “His legacy lives on through the immersive entertainment experiences that Dolby creates for the eyes and ears throughout the world and the inventor’s DNA that remains at the core of everything we do.”

 “Entertaining America,” scheduled to open in late 2020, is a major exhibition that will explore American history through the longstanding power of entertainment and will examine the deep and enduring influence of our nation's entertainment. The nearly 7,000-square-foot exhibition will examine how entertainment brings Americans together, shapes us and provides a forum for important national conversations about politics, society, culture and what it means to be an American. The exhibition will focus on the culture makers who broke barriers, changed our American sound and transformed sports, movies, theater, television—and the national audience. In an immersive introductory experience, the simply stated key message, “Americans Love Entertainment,” will be reinforced with exciting media elements to show why entertainment matters.

The “Ray Dolby Gateway to Culture” leading to the newly named Ray and Dagmar Dolby Hall of American Culture where the “Entertaining America” exhibition will be located was made possible in part by a $5 million contribution from the Dolby family. Renovations to the 270 seat Warner Bros. Theater, at the main entrance of the Smithsonian’s National Museum of American History, is scheduled to be completed in 2020 utilizing in-kind contributions from Dolby Laboratories to create a modern cinema to ensure a truly immersive audio and visual experience.

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

Dolby and the double-D symbol are registered trademarks of Dolby Laboratories. DLB-G

About the Smithsonian’s National Museum of American History
Through incomparable collections, rigorous research and dynamic public outreach, the National Museum of American History explores the infinite richness and complexity of American history. It helps people understand the past in order to make sense of the present and shape a more humane future. The museum is located on Constitution Avenue N.W., between 12th and 14th Streets, and is open daily from 10 a.m. to 5:30 p.m. (closed Dec. 25). Admission is free. For more information, visit http://americanhistory.si.edu. For Smithsonian information, the public may call (202) 633-1000.

Media only:Melinda Machado (202) 633-3129; machadom@si.edu                                                                                                                                              Laura Duff (202) 633-3129; duffl@si.edu     Media website: http://newsdesk.si.edu 

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6ea346c4-495f-4170-82cb-2f8293570617

Stingray to Release its Financial Results for the Second Quarter of Fiscal 2019

Wed, 10/10/2018 - 16:30

MONTREAL, Oct. 10, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (TSX: RAY.A; RAY.B) will release its financial results for the second quarter ended September 30, 2018, on Thursday, November 8, 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 until midnight, December 7, 2018, by dialing (800) 585-8367 or (416) 621-4642 and entering passcode 2071249.

About Stingray

Stingray Digital Group Inc. (TSX: RAY.A; RAY.B) is the world-leading provider of multiplatform music and video services as well as digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, consumers, and more. Its services include audio television channels, premium television channels, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. Stingray reaches 400 million subscribers (or users) in 156 countries and its mobile apps have been downloaded over 100 million times. Stingray is headquartered in Montreal and currently has close to 400 employees worldwide. For more information: www.stingray.com.

Contact information:

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

NEP Group Acquires SIS LIVE

Tue, 09/10/2018 - 20:42

LONDON, Oct. 09, 2018 (GLOBE NEWSWIRE) -- NEP Group, a worldwide outsourced technical production partner supporting premier content producers of live sports and entertainment, announced today its acquisition of SIS LIVE Limited, a leading provider of connectivity services and a subsidiary of UK-based Sports Information Services (“SIS”). The acquisition complements NEP’s Broadcast Services and Media Solutions businesses, strengthening the company’s support of live sports, broadcast and entertainment clients across the UK, Europe and worldwide. The addition is also consistent with NEP’s stated strategy to grow its Media Solutions segment, and connectivity capabilities are critical to NEP delivering a full suite of managed services that enable NEP’s clients to make, manage and show the world their content.

“We are excited to bring the wealth of knowledge of SIS LIVE’s leadership team and the company’s talented staff into the NEP Worldwide Network,” said Stephen Jenkins, President of NEP UK & Ireland. “With SIS LIVE, NEP will be able to offer additional and enhanced connectivity capabilities critical to delivering the best managed service and solutions to our clients. And, it’s a great fit culturally for both of our companies. A win for clients and our teams all around.”

With two dedicated network operations centres providing 24/7 service monitoring and management, 17 antennas across two geographically diverse teleports, over 150 connected venues, a large fibre and satellite hybrid fleet and fully managed services offerings, SIS LIVE is a leading provider of global critical connectivity services delivering content to millions of viewers worldwide. Their core Anylive® fibre network has over 150 access points at major sporting venues, entertainment complexes and other connectivity centres supporting clients such as BBC, ITV, ITN, Sky Sports, SIS, ARC, TRP and Tata.

Following a short transition period, SIS LIVE will become NEP Connect, which will serve clients globally as part of the NEP Worldwide Network and go to market under the NEP brand. SIS LIVE’s current leadership team will continue to run the business under the direction of David Meynell, Managing Director, who will report into the NEP UK & Ireland division.

“We have worked with NEP for a number of years and have been impressed by their technical innovation and consistent, superior service to their clients,” said David Meynell, Managing Director of SIS LIVE. “I’m extremely proud of all we’ve accomplished at SIS LIVE and pleased that combining talents and resources with a company like NEP will take our business to the next level.”

SIS CEO Richard Ames added: “It was immediately apparent during the sale process that NEP Group has significant opportunity to grow its Media Solutions segment, and SIS LIVE has the infrastructure, people and services that support that strategic objective. We look forward to continuing to work with SIS LIVE as a long-term supply partner.”

To learn more about NEP and its solutions, visit https://www.nepgroup.com. To learn more about SIS LIVE’s connectivity services, visit https://www.sislive.tv.

###

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 3,500+ employees are driven by a passion for superior service and a focus on technical innovation. Together, we have supported productions in 87 countries on all seven continents.

NEP is headquartered in the United States and has operations in 24 countries, including significant operations in the UK and Ireland. Learn more at nepgroup.com.

About SIS LIVE
SIS LIVE has been delivering critical media content since 1989. The company’s rapidly growing international fibre network, Anylive® connects over 150 locations including broadcasters, major switching centres, channel aggregators, sports and entertainment venues.  SIS LIVE operates two Network Operation Centres located in the UK, collocated with SIS LIVE teleports which supply extensive satellite facilities to complete the connectivity offering.  The company provides a full range of broadcast services from UHD to low bit rate streaming with data and audio transmission services also available.  This comprehensive fibre and satellite infrastructure forms a cohesive and robust portfolio, broadcasting over 200 hours of live transmissions worldwide every day supporting multiple contracted and occasional use events.

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CONTACT: Susan Matis NEP Group +1 412-334-0012 press@nepgroup.com Kayte Burns NEP UK +44 1344 356751 kburns@nepgroup.com

Findit, Inc. Owner of Findit.com, Revamps Right Now Feed, Breaks Into Top 100,000 Sites in the World Based on Alexa Traffic Ranking

Tue, 09/10/2018 - 17:30

ATLANTA, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Findit, Inc. (OTC Pink: FDIT), owner of Findit.com, has improved its Alexa Ranking, breaking into the top 100,000 sites in the world based on Alexa Traffic Ranking.  The current Global Alexa Ranking for Findit.com is now 96,380 with a United States Rank of 24,387 as of October 7, 2018. 

Since the revamp of the Right Now feed, Findit has seen a steady improvement to its Alexa Traffic Ranking. Alexa is owned by Amazon (AMZN).

The improvement in Findit.com's ranking can be contributed to several factors, one such factor is the newly revamped Right Now status update feed. This feed allows visitors to view posts from members on Findit and share them to other social networking sites and allows members to share the content they have created on Findit, such as their Right Now posts, to their very own social networking accounts. 

Right Now posts on Findit are unique when compared to posts on Twitter, Facebook, LinkedIn and Instagram. What makes a Findit Right Now post unique is in one single post the following pieces of content can be included: unlimited word count, pictures, video, an audio or music file, a link to another web page and a press release that has been submitted through Findit. 

As a result of having the option to include this vast amount of content verticals, each post can be incredibly relevant when Google crawls the Right Now page increasing the likelihood of a post getting indexed higher in search results. In addition to what you can include in a post, unlike Facebook, Twitter, LinkedIn and Google +, you can share your Findit Right Now posts to each of them but they do not allow you to share the posts done in their social accounts to each of the others. 

Findit also revamped the Audio/Music section along with a new layout for Real Estate Listings that is active in members accounts' that have properties for sale or for rent. Since the new design, Findit has seen a steady improvement to its Alexa Ranking. 

Clark St. Amant of Findit stated, "As more people become aware of Findit and recognize that Findit provides every member a true starting point to build their brand when they create relevant posts that Google, Yahoo and Bing can index and that can be shared to other social networking accounts either by the creator of the post or visitor to Findit, we are hopeful we will continue to see our ranking improve." 

Findit is focused on continuing to improve its platform, making it a place that anyone who wants to have more control over the content they want seen on the web, indexed in search engines and shared to other social networking sites will join. Findit is for everyone: an individual, a business, churches, schools, sports teams, clubs and politicians. 

Peter Tosto, Marketing Director of Findit stated, "Once a member experiences first hand a post that they create and share to their other social networking accounts and see it indexing in search engines, they become a believer. Findit does what it has been set up to do - provide members with social media content management platform."    

Download the Findit Right Now App 

Google Play

Apple 

About Findit, Inc.

Findit, Inc., owns Findit.com which is a Social Media Content Management Platform that provides an interactive search engine for all content posted in Findit to appear in Findit search. The site is an open platform that provides access to Google, Yahoo, Bing and other search engines access to its content posted to Findit so it can be indexed in these search engines as well. Findit provides Members the ability to post, share and manage their content. Once they have posted in Findit, we ensure the content gets indexed in Findit Search results. Findit provides an option for anyone to submit URLs that they want indexed in Findit search result, along with posting status updates through Findit Right Now. Status Updates posted in Findit can be crawled by outside search engines which can result in additional organic indexing. All posts on Findit can be shared to other social and bookmarking sites by members and non-members. Findit provides Real Estate Agents the ability to create their own Findit Site where they can pull in their listing and others through their IDX account. Findit offers News and Press Release Distribution. Findit, Inc., is focused on the development of monetized Internet-based web products that can provide an increased brand awareness of our members. Findit, Inc., trades under the stock symbol FDIT on the OTCPinksheets.

Safe Harbor:

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word believe or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Findit, Inc. to differ materially from those implied or expressed by such forward-looking statements. This press release speaks as of the date first set forth above, and Findit, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.

Contact:

Peter Tosto

Phone 404 443 3224

Transactions in relation to share buyback program

Tue, 09/10/2018 - 13:18

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

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

The following transactions have been made under the program in the period October 2, 2018 – October 8, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  October 2, 201810,793312.403,371,754  October 3, 201816,500310.915,130,027  October 4, 201832,707297.099,716,965  October 5, 20188,000296.562,372,482  October 8, 201820,958271.235,684,531Accumulated under the program1,822,652281.65513,341,892

Following the above transactions GN holds a total of 12,564,506 own shares corresponding to a nominal value of DKK 50,258,024 and 8.6% 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

Music Composing Software Market to Hit $242.1 Million Value by 2023: P&S Intelligence

Tue, 09/10/2018 - 12:21

Music Composing Software Market by Instrument Simulation (Piano, Pipe Organ, Guitar, Full Orchestra, Drums & Percussions), by Operating System (Windows, MAC, iOS, Android, Linux, BSD), by Deployment (On-premises, Cloud), by Geography (U.S., Canada, France, Germany, U.K., Italy, Spain, China, Japan, South Korea, Australia, India, Mexico, Brazil, Turkey) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023

NEW YORK, Oct. 09, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, global music composing software market is expected to reach $242.1 million by 2023, growing media and entertainment industry, and rising inclination towards music composing applications are the key factors driving the growth of the market.

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In terms of instrument simulation, the music composing software market is categorized into guitar, piano, full orchestra, drums and percussions, and pipe organ. Out of these, guitar simulation accounted for 42% revenue share in 2017, followed by piano and others. The largest share held by guitar simulation category is mainly attributed to the increasing number of guitarists, globally. Furthermore, the regional markets, such as North America and Europe are largely dominated by guitarists including acoustic guitarist, electric lead, and bass guitarists, which further support the market demand for guitar simulation software.

Based on operating system (OS), the music composing software market is categorized into MAC, Windows, iOS, Android, Linux, and Berkeley Software Distribution (BSD). Out of these, MAC OS is largely preferred by end users, predominantly due to large use of MAC OS based laptops and desktops by music schools, individuals, and studios. MAC OS accounted over 50% share in the global market, in 2017.

Browse report overview with 51 tables and 39 figures spread through 106 pages and detailed TOC on "Music Composing Software Market by Instrument Simulation (Piano, Pipe Organ, Guitar, Full Orchestra, Drums & Percussions), by Operating System (Windows, MAC, iOS, Android, Linux, BSD), by Deployment (On-premises, Cloud), by Geography (U.S., Canada, France, Germany, U.K., Italy, Spain, China, Japan, South Korea, Australia, India, Mexico, Brazil, Turkey) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at: https://www.psmarketresearch.com/market-analysis/music-composing-software-market

During the forecast period, the music composing software market is projected to witness the fastest growth in APAC, at a CAGR of 25.8%. This can be attributed to growing media and entertainment industry in the developing economies in the region, predominantly, in Australia, Japan, South Korea, China, and India; and rising number of live music concerts. Moreover, various music associations in the region, including Japanese Society of Rights of Authors, Composers, and Publishers (JSRACP); and Music Composer Association of India (MCAI) are taking initiatives to increase awareness about the different music composing software through conferences, live music concerts, and music summits.

Globally, the media and entertainment industry has been witnessing transformational growth in recent years. Factors such as multiple software platforms, digitization of instruments, multiple-devices such as laptops and mobile phones, along with technological advancements have remodeled the industry dynamics. This is a notable factor spurring the demand for music composition software in the global market. According to International Trade Administration, the U.S. Department of Commerce, the global media and entertainment market generated $1.9 trillion revenue in 2016.

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Also, with the growing music industry in countries, such as the U.S., the U.K., Germany, Australia, and Canada, the adoption of composing software has been continuously increasing by music schools, musicians, and individuals. Rising number of musicians has also spurred the demand for composing software in these countries.

Supporting music programs by academic institutes is expected to offer growth opportunities to the market players, which can impact the growth of the global music composing software market. Some of the major universities including Princeton University, Harvard University, Berklee College of Music, and Cornell University hold Ivy league status and offer music programs, utilizing music composing software. Thus, incorporation of composing software in these academic institutes offers a lucrative growth opportunity to the market players.

Presently, the market is at niche stage, recording healthy growth rate year-over-year, which has increased the competition among principal existing competitors like MakeMusic Inc., Avid Technology Inc., and Maestro Music Software, acquired majority of the market revenue. Apart from this, the industry is exhibiting large number of companies, primarily from music production. For instance, companies like Steinberg Media Technologies GmbH (one of the leading players in the music production market), recently entered into music composing software industry with “Dorico” brand.

Some of the key players operating in the music composing software market are MakeMusic Inc., Avis Technology Inc., Maestro Music Software, Lugert Verlag GmbH & Co. KG, Notation Software Germany GmbH, PreSonus Audio Electronics Inc., NoteWorthy Software Inc., Passport Music Software LLC, and Sion Software.

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About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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