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Updated: 3 hours 17 min ago

Generation NEXT Franchise Brands, Inc. Announces Robot Installations Across 32 North American Cities

Tue, 28/08/2018 - 17:48

Company Updates its Goal to 750 Installations by the End of the Calendar Year Resulting in Approximately $30,000,000 in Revenue Recognition for the First Half of Fiscal 2019.


SAN DIEGO, CA , Aug. 28, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Generation NEXT Franchise Brands, Inc. (OCTQB: VEND) announced today that the company is ramping production and delivery of its proprietary Reis & Irvy’s robotic frozen dessert vending kiosks after a brief delay that forced the company to redesign two key components.

By mid-August, the company had successfully delivered 15 units to franchisees in twelve cities across nine U.S. states as well as the province of Alberta, Canada.  “After these initial installations, our Franchisee Support Team, in close contact with our franchisees, made us aware of two separate issues. The first issue was that we identified candy toppings ‘ricocheting’ out of the dispensing chute, resulting in the toppings, in some cases, landing outside of the cup, this resulted in the second issue which was the spillage becoming visible in the base of the unit.  As a result, we decided to pause production in order to resolve this issue, which involved the design, prototyping and manufacturing of a newly-designed candy dispenser and drip tray. After thorough testing, we’re confident the new components have addressed the issues, and both previous and existing installations have been upgraded with the new components,” said Generation NEXT Franchise Brands Chairman and Founder, Nick Yates. “We believe we have passed our last design hurdle and we are now moving closer towards full-scale production.”

Locations, Locations, Locations

“We expect approximately 40 finished units to roll off the factory floor this week alone,” Yates added.  “We anticipate these units will be delivered to franchisees in more than two dozen U.S. cities over the next 30 days or less.”

Notable locations scheduled for installation over the next 14 days include the Indianapolis Airport (Indianapolis, IN), Dallas Stars Hockey Club (Plano, TX), Houston Baptist University (Houston, TX), First Class Concessions at Fort Wayne International Airport (Fort Wayne, IN), University of New Mexico (Albuquerque, NM), Texas State University (San Marcos, TX), Gulfport High School (Gulfport, MS), Discovery Center (Boise, ID), Columbia Mall (Bloomsberg, PA), Groupon HQ (Chicago, IL), Bluegreen Vacations - Club 36 (Las Vegas, NV), Springfield Mall (Springfield, PA), Laserdome (Manheim, PA), Mockingbird Valley Indoor Soccer Club (Louisville, KY), Wayne State University (Detroit, MI), Oklahoma Christian University (Oklahoma City, OK), North East Mall (Hurst, TX),  The Amazium (Fayetteville, AR), Porter Adventist Hospital (Denver, CO) and Quantum Leap (Johnson City, TN).

An Industry Disruptor

With over $170 million in franchise and licensing contracts, Generation NEXT Franchise Brands, Inc. (OTCBB: VEND) is leading the way with frozen desserts, fully autonomous robotic delivery, visual and audio entertainment, and a unique retail experience.

Generation Next Franchise Brands, Inc. (OTCQB: VEND) is the developer of the world's first fully-automated robotic frozen dessert vending kiosk designed to disrupt brick-and-mortar competitors. Reis & Irvy’s unattended robots eliminate the need for costly rents and employees; significantly reduce food safety concerns; and are capable of operating 24-hours a day.

Reis & Irvy’s-branded signature robot characters of the same name can dispense servings of frozen yogurt, ice cream, gelato and sorbet topped with a selection of six delicious toppings in under 60 seconds. With self-checkout touch screen ordering and payment options, video animation, music and delicious frozen dessert provided exclusively by Dannon, robot vendors meet consumers’ demand for immediate convenience, entertainment and a superior quality product - be it in shopping malls, medical centers and any other high-traffic area.

On June 20, 2018, the company announced a business relationship with five-time Major Golf Champion Phil Mickelson and his career-long business manager and business partner Steve Loy.

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

About Generation NEXT Franchise Brands, Inc.

Generation NEXT Franchise Brands, Inc., based in San Diego, California, is a publicly traded company on the OTC Markets trading under the symbol OTCBB: VEND. Generation NEXT Franchise Brands, Inc. is parent company to Reis and Irvy's, Inc. and Generation NEXT Vending Robots.

About Reis & Irvy's, Inc.

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

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

Cautionary note on forward-looking statements

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

CONTACT: Media Contact: Darren Shuster Generation NEXT Franchise Brands, Inc. Phone: (818) 744-1851 Email: darren@popculturepr.com Reis & Irvy’s Website: www.reisandirvys.com

Transactions in relation to share buyback program

Tue, 28/08/2018 - 13:56

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

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

The following transactions have been made under the program in the period August 21, 2018 – August 27, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  August 21, 201810,797306.973,314,394  August 22, 20185,868321.261,885,157  August 23, 20185,000332.801,664,023  August 24, 20185,000331.001,654,978  August 27, 20184,689333.491,563,756Accumulated under the program1,552,711275.51427,785,884

Following the above transactions GN holds a total of 12,304,194 own shares corresponding to a nominal value of DKK 49,216,776 and 8.4% 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

Summit Semiconductor to Participate at the 7th Annual Gateway Conference

Thu, 23/08/2018 - 21:35

SAN FRANCISCO, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Summit Semiconductor (NASDAQ:WISA), a technology company that delivers the wireless immersive sound experience with the WiSA™ (Wireless Speaker and Audio) interoperability standard, will meet with investors at the 7th Annual Gateway Conference on Wednesday, September 5th at the Four Seasons Hotel, San Francisco.

President and CEO Brett Moyer is scheduled to present at 4:00 p.m. PT and will be available for one-on-one meetings throughout the day.

The presentation will be webcast live and available on the company’s website at www.summitwireless.com. In addition, a replay will be available for a period of 90 days thereafter.

About Summit Semiconductor

Summit Semiconductor sells audio semiconductor chips, modules and licensable IP to enable the WiSA™ (Wireless Speaker and Audio) Association interoperability standards that deliver immersive wireless sound. The company’s patented technology creates “Picture Perfect Sound” for action TV and movies, live sports, Esports, and gaming and delivers a home theater experience that is easy to set-up, portable, and low-cost. Founded in 2010, Summit has offices in San Jose, CA and Beaverton, OR, as well as employees in Japan and Taiwan and representatives in China and the Republic of Korea. For more information, please visit www.summitwireless.com.  

About Wireless Speaker and Audio (WiSA) Association

Wireless Speaker and Audio (WiSA) Association is dedicated to bringing wireless immersive sound - high resolution, wireless, multi-channel audio products - to the home theater market by building an interoperability standard with consumer electronics brands and ODMs for the consumer. WiSA eliminates the complicated set-up and wiring of traditional audio systems by utilizing cutting-edge wireless technology to create powerful and reliable audio systems that boast uninterrupted listening. WiSA’s interoperability testing means that users can feel confident that all WiSA certified components from all brands will work perfectly together. WiSA also ensures multichannel transmission of low-latency, high-definition audio, dramatically increasing the enjoyment of gaming, movies, TV and music. For more information about the WiSA Association, please visit www.wisaassociation.org.

About the Gateway Conference

The 7th Annual Gateway Conference is an invite-only conference, which brings together the most compelling companies with the nation’s top institutional investors and analysts. This year’s event features more than 100 companies from a number of growth industries, including technology, business and financial services, consumer, digital media, clean technology and life sciences. For more information, visit www.gateway-conference.com.

Contact Information:

Ron Parham / Kirsten Chapman, LHA Investor Relations, +1 415 433 3777, summit@lhai.com

PHOENIX GOLD ANNOUNCES THE LAUNCH OF THE BASS CUBE 2.0

Thu, 23/08/2018 - 18:52

PRECISION TUNING LETS BASSHEADS TUNE IN THE CLEAN, ARTICULATE BASS THEY CRAVE

Clearwater, Florida, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Phoenix Gold announces the release of the Bass Cube 2.0, an unparalleled constant usable bass enhancement module for vehicle audio systems. Bass Cube 2.0 is designed to enhance low-frequency sounds below 80 Hz in any high-quality audio system.

Among the features that make the Bass Cube 2.0 stand out from the rest of the pack are the tuning capabilities provided by the Variable Center Frequency Control knob that takes you to your bass sweet spot and the Parametric Bass Equalization for fine tuning. The Remote Bass Control, installed within easy driver reach, lets you adjust the bass based on the type of music, the quality of your audio signal, or the compression of the recording.

The Bass Cube 2.0 gives you hard-hitting bass no matter your audio source, with the versatility needed for any audio build. The Selectable Balanced/Unbalanced Ground Isolation Switch helps it function beautifully with ultra high-end units, and two-channel Digital Bass Restoration pulls the bottom out of compressed music.

The RCA input and output internal line driver pushes the strongest, most noise-free audio signal to your amp to deliver clean, powerful, noise-free bass, whether you're working with a factory or aftermarket head unit. Variable Output Gain Control adjusts output voltage to suit your amp, and the Selectable Subsonic Filter drives speakers efficiently without trying to reproduce frequencies they can't handle.

With the precision tuning needed to dial in the bass line to perfection, Bass Cube 2.0 gives any vehicle audio system the extra boost it needs to enjoy clean, articulate bass.

BASS CUBE 2.0 is available now and has an MSRP of $159.99. For more information, contact your Phoenix Gold sales representative. If you are interested in becoming an Authorized Phoenix Gold dealer, visit our contact page to reach AAMP Global.

About AAMP Global:

Established in 1987, owned by Audax Private Equity, and headquartered in Clearwater, Florida, AAMP Global restlessly pursues innovative ways to enhance what moves you.  Global manufacturer of mobile aftermarket technology for consumer and commercial vehicles; developing safety solutions under EchoMaster, smartphone connectivity under iSimple, high performance audio enhancement under Stinger and Phoenix Gold, and OEM integration solutions under Autoleads and PAC.  AAMP enables you to define your drive, one vehicle at a time, anywhere in the world.

 

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Attachments

CONTACT: John Catalano Phoenix Gold jcatalano@aampglobal.com

Hispanicize Los Angeles Unveils Part I of the Latinx Content Creators Showcase for its “Hispanic Heritage Month” Edition

Thu, 23/08/2018 - 04:35

-- The two full days of sessions will focus on diversity and inclusion in the content creator industry, explore digital trends and provide innovative tips on working with brands and scaling your business --

LOS ANGELES, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Hispanicize, the largest annual gathering for Latinx trendsetters and influencers in digital content creation, journalism, marketing, entertainment, tech and entrepreneurship, today unveiled the first round of speakers for its content creators showcase slated for LA. The event is presented by returning title sponsor Prudential Financial from October 11-13th at Century City’s Intercontinental Hotel to close out Hispanic Heritage Month. (For tickets register here!)

“Our programming in Los Angeles aims to address the lack of diversity and inclusion in the creator industry that is often overlooked by big conferences,” said Katherine Johnson-Gunn, Founding Partner & Managing Director of Hispanicize Events. “Latinx creators reach the nation’s most powerful consumer—U.S. Hispanics - and produce some of the highest viewed content on social media. It’s time brands and media companies recognize that power.”

The agenda aims to empower creators to recognize their worth, offer tips into how to best approach brands, how to produce viral content, and how to scale their business. Returning for a second year will be the “Brands Love Content Creators Speed Dating” that will provide creators with unprecedented networking opportunities. Attendees will have an opportunity to meet one-on-one with the brands who are seeking influencer collaboration across a wide range of lifestyle verticals from retail to beauty, tech, travel, entertainment and business.

The event program starts on Thursday October 11th with influencer pre-treats including excursions, lunches, dinners, film screenings and more. The educational and overall event agenda launches on Friday, October 12th. Part II of the creators showcase featuring the film and music tracks, top influencer meet & greets, exclusive celebrity fireside chats and keynotes with entrepreneurs - will be announced soon.

#HispzLA 2018 Content Creators Overview - PART 1

Brands Love Content Creators Speed Dating - Show us how you network for that networth! This is the most crucial part of Hispanicize, the unique opportunity to participate in a round of speed dating with a variety of brands and companies looking to partner with content creators. Bring your elevator pitch, business cards, and a smile to land your next collaboration!

Producing Viral Videos Like a Boss – There is a science to helping make your videos go viral! You've mastered the art of making videos for your content, now come learn from the pros on how they manage to rack in the views. We'll cover topics from ideation to film directing, to tips on lighting and audio.

How To Make Them Comment Laughing-Crying Emojis - Can't get enough of funny memes and skits? Neither can we! Comedy content is dominating social media right now and these top influencers are bringing the jokes. Come ready to laugh while taking notes!

What's New in Digital Trends - The digital space evolves constantly! Stay up to date on the latest digital trends at this session where they'll be discussing all things technology, podcasting, music streaming, and gaming.

Latinx Diversity in Beauty & Fashion - Diversity is important for many reasons, let's start with beauty -- from glam to fashion, representation is key for inclusion, especially in our Latinx culture. Come take a deep dive as we explore this topic and its significance, including AfroLatinidad and men in the lifestyle industry.

Latinx LGBTQ's Impact on Mainstream Pop Culture – From Valentina to Miss Vannnnjie, to Vida and Pose, the LGBTQ community continues to dominate the mainstream! See how these proud Latinx influencers are connecting with their fans on social media, creating a safe space, and hear them discuss LGBTQ's impact on all things pop culture.

Wellness First! Staying Healthy & Positive in a Digital Age – Wellness is not just a trend, it's a lifestyle! Learn all about health, food, sports, and fitness from top influencers in these fields. They'll share best practices on how they share their type of content that keeps inspiring and motivating their niche audiences.

Influencing Your Next Trip: Travel Content Best Practices (Presented by United Airlines) - Learn insights on how to work and successfully collaborate with travel brands such as tourism boards, airlines, tourist attractions, and hospitality brands! Our panel of travel professionals will chat best practices for influencer marketing when it comes to travel campaigns. This panel is proudly presented by United Airlines.

Latinx participants confirmed so far:

Angel Merino aka Mac Daddyy (Artist Couture), Legend (@LgndFrvr), Luan Palomera (The Sticky Tech), Magga Braco (ChoreoFit), Doralys Britto (exxomakeup), Gadiel Del Orbe (BuzzFeed Pero Like), Jose Resendez (@TheJoseResendez), Camm Jay (Choncha), Laura Sanchez (#LauraSanchezMakeup), Carlos Ayala (Project Gear), Linda Garcia (Podcasterio), Raquel Cordova (Brazen by RaqC), Jairo Orozco & Bryan Rojo (Mexican Gueys), Monica Veloz (Monica Style Muse), Norberto Briceño (BuzzFeed Pero Like), Susana Niño (Glow On The Go), Des (@DesFrvr), Eddie G. (Tiburcio), Jay Mendoza (Jay Mendoza Films), J. Valentino (La Chona), Stephanie Lorenzo (Mitu), Maria Jose Ovalle (#LatinaFlo), Stacie de Armas (Nielsen), Jonathan Guerin (United Airlines), Mike Alfaro (Millennial Loteria), Kathy Murillo (Crafty Chica), Jesus Ochoa (Jesus Kardashian), Mario Yearwood (Prudential Advisers), and Camila Seta (Israel Tourism).

SPONSORSHIP INFORMATION

Sponsorship information for Hispanicize LA 2018 can be obtained by contacting Cristy@HMGmedia.co. (See the Hispanicize Miami 2018 recap video here: https://www.youtube.com/watch?v=knmyNUqNmkA)

ABOUT HISPANICIZE 
Now in its 9th year, Hispanicize 2018 (http://www.HispanicizeEvent.com) (#HispzLA) is the largest annual event for Latino trendsetters and newsmakers in digital content creation, journalism, marketing, entertainment and tech entrepreneurship. The events held in Miami (Spring) and Los Angeles (Fall) are a launch pad for creative endeavors, new products, technologies, marketing campaigns, films, books, music and more targeting Latinos in the U.S. and/or Puerto Rico.

The Hispanic Heritage Month edition in LA, presented by Prudential, is expected to attract more than 700 attendees with a combination of industry professionals, senior-level college students and for the first time Latino consumers on Saturday when the agenda is opened for popular influencer Meet & Greets.

The Hispanicize event is owned and operated by HMG, a multi-platform media company for multicultural Millennials and Generation Z.

ABOUT HMG 
HMG works with leading brands and advertisers to navigate the rapidly evolving, $1.7 Trillion U.S. Hispanic market by offering branded media opportunities, brand integrations, celebrity endorsements, digital marketing and paid social campaigns, social influencer and talent management. The company also owns and operates Latino influencer network DiMe Media, digital publishing platforms Hispanic Kitchen and Latina Moms, and is a strategic investor in AI technology company Nectar9. Recently, HMG entered a strategic partnership with Designated Player, a content production and marketing company founded by Spanish soccer star David Vila and formed a joint-venture with Silicon Valley based Fligoo, a big-data and analytics technology enterprise. More details can be found at http://hmgmedia.co.

CONTACT: 
Jay Cruz 
HMG 
(561-319-8592 
jay@hmgmedia.co 

Stingray Names David Purdy as Chief Revenue Officer

Wed, 22/08/2018 - 18:30

MONTREAL, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (TSX: RAY.A; RAY.B), a leading multiplatform music and video services provider, today announced that it has welcomed David Purdy as its Chief Revenue Officer. The creation of a position of chief revenue officer reflects the accelerated growth of Stingray’s operations and the diversification of its revenue streams.

In this position, Mr. Purdy, who has years of experience managing multiple operating entities and steering them towards a single, unified vision, will oversee all aspects of Stingray’s revenue expansion including advertising, and sales efforts.

Mr. Purdy comes to Stingray from VICE Media where, as Chief International Growth Officer, he worked extensively on the launch and worldwide expansion of the VICELAND TV channel, including a much publicized deal with SBS in Australia. In addition, Mr. Purdy worked on mobile partnerships including a deal for VICE content to appear on Partner Telecom, and expanded the distribution of VICE content on next-generation platforms such as HULU. He also expanded multi-platform partnerships and helped the organization grow its global distribution network to deliver programming to all screens.

Mr. Purdy also has a proven track record in the cable television, next generation media content industry and has helped launch several Canadian specialty channels including Sportsnet, OLN, Discovery Channel Canada, and The Comedy Network.

“When we decided to create the position of chief revenue officer, we didn’t have to look far to find the perfect candidate. David has been a member of our board of directors since 2017, and his contribution has proven invaluable,” said Eric Boyko, President, Co-founder, and CEO of Stingray. “David’s experience in driving growth and revenue generation within the television and media industries will be a huge benefit to Stingray. I am thrilled that he has joined our experienced management team and look forward to leveraging his expertise to accelerate our momentum in the marketplace.”

“I have been following Stingray’s story for years and am continually amazed by its management team’s ability to rapidly and efficiently bring innovative solutions to market, and spring into action when opportunities present themselves,” said David Purdy. “Stingray has almost limitless potential for growth across numerous business lines in the music and media industry, both in Canada and internationally. I am honoured to have the chance to join a company with such dedicated teams at all levels and contribute to developing Canada’s largest independent public media company.”

Previously, Mr. Purdy held various senior roles over a 15-year career at Rogers Communications. As Senior Vice President of Content and Video Product Management, he worked across the Mobile, Cable TV, Broadband and Media Divisions. He was responsible for creating and launching next-generation content bundles and products that went beyond the traditional cable TV offerings. More specifically, Mr. Purdy was heavily involved in acquiring the rights for sports and entertainment content to create operational leverage for all Rogers divisions, and in launching a number of both subscription, advertising and value-added services.

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.

For more information, please contact:

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

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2a64d5d7-4bd8-456e-927d-78837ce92bf8

Crypto Corner Podcast: Pablo Gonzalez of Genesis Blockchain Technologies Launches First Mobile Decentralized Currency Exchange at #Futurist18 and CTO of Gopher Protocol (OTCQB: GOPH) Talks about Synergies with Companies using Gopher AI and GRC Technology

Wed, 22/08/2018 - 17:30

Stocks Discussed in Podcast; Gopher Protocol, Facebook, Twitter

NEW YORK and DELTA, British Columbia, Aug. 22, 2018 (GLOBE NEWSWIRE) -- Investorideas.com, a leader in crypto and blockchain investing news reports on what’s driving the cryptocurrency markets with today’s edition of Crypto Corner, now available in podcast.

Today’s podcast includes interviews with Pablo Gonzalez, CEO of Genesis Blockchain Technologies, a keynote speaker and panelist at the recent Blockchain Futurist Conference (https://futuristconference.com/) held in Toronto, Canada and commentary from Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) who attended the conference as an industry expert.

Pablo launched the first mobile decentralized currency exchange at the conference and talks about the creation of the app and its significance. He also discusses the friendly regulatory environment in Costa Rica, where the company is based, that views cryptocurrencies as commodities, not securities.

Pablo invited Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) to attend the conference with him as an industry expert in blockchain and AI and discusses the synergies between the two companies. “I would summarize Danny by the genius adjective. I think he is brilliant and the GRC technology he created can radically change the blockchain space.”

He went on to say, “We are talking about decentralization; we use the internet which is an extremely centralized method of communication. Being able to replace that with radio waves sounds like science fiction, but it’s not science fiction, he is actually doing it. If we can partner with Danny and Gopher to bring about this change in the industry, we would be privileged and we can seriously revolutionize the blockchain industry.”

Pablo tells listeners the app is now available for download on the Google Play App store by searching for Genesis Exchange and Wallet and they are offering incentives to traders by giving away ten dollars of ethereum (for next 2 weeks) so they can get started.

Listen to today’s Crypto Corner Podcast:
http://www.investorideas.com/Audio/Podcasts/2018/082118-GOPH.mp3

Subscribe to Podcast RSS feed:
http://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml


Read other editions of the
Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Gopher Protocol Inc. (OTCQB: GOPH) is a development-stage company which consider itself a Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher’s exclusive licensor filed a non-provisional patent covering a proprietary GRC Blockchain-Based Radio Generated Digital Currency on June 19, 2018. Additionally Gopher’s Avant! AI technology has been designed to supervise the Blockchain System to keep records of all data exchanges. The AI system will be embedded as an integral part of Gopher’s digital coin Blockchain system.

For more info on Gopher and its technologies visit http://gopherprotocol.com/

Genesis Blockchain Technologies (GBT)

GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from cryptocurrency ownership, transfer, and exchange.

The powerful GBTDesk aggregator ensuring exchange of cryptocurrencies for fiat currencies under smart contracts without intermediaries is a key element of GBT.

Download the Genesis Exchange and Wallet App at Google Play
https://play.google.com/store/apps/details?id=com.genesismobile

More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073

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

The Crypto Corner is part of the Investor Ideas Membership content

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800-665-0411

Transactions in relation to share buyback program

Tue, 21/08/2018 - 14:24

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 August 14, 2018 – August 20, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  August 14, 201812,000326.153,913,792  August 15, 201812,967312.744,055,291  August 16, 20181,343311.82418,778  August 17, 201812,250316.393,875,732  August 20, 201815,604306.874,788,454Accumulated under the program1,521,357274.56417,703,575

Following the above transactions GN holds a total of 12,272,840 own shares corresponding to a nominal value of DKK 49,091,360 and 8.4% 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

Sonos Announces Date for Fiscal Third Quarter 2018 Earnings Conference Call

Tue, 21/08/2018 - 01:44

SANTA BARBARA, Calif., Aug. 20, 2018 (GLOBE NEWSWIRE) -- Sonos, Inc. (“Sonos”) (Nasdaq: SONO) today announced that after market close on Monday, September 10, 2018, the company will report financial results for the fiscal third quarter ended June 30, 2018 in a letter to shareholders, which will be made available on the investor relations section of its website. In addition, the company will host a conference call and Q&A to discuss the results on the same day at 5:00 p.m. Eastern Time.

A live webcast and replay of the conference call and Q&A will be accessible at: https://investors.sonos.com/news-and-events/default.aspx. The replay will be available for at least one year following completion of the call. 

The conference call may also be accessed by dialing (866) 393-4306, with conference ID 6098946. Participants outside the U.S. can dial toll-free (734) 385-2616.

About Sonos
Sonos is the leading multi-room wireless smart home sound system. As the inventor of multi-room wireless home audio, Sonos innovation helps the world listen better by giving people access to the content they love and allowing them to control it however they choose. Known for delivering an unparalleled music listening experience, thoughtful home design aesthetic, simplicity of use and an open platform, Sonos makes the breadth of sonic content available to anyone.  Sonos is headquartered in Santa Barbara, California. Learn more at www.sonos.com.

Source: Sonos

Contacts
For Investors:                                                                  
IR@sonos.com        

For Media:
PR@sonos.com

SAE Expression College Students to host RenaiXXance, a Showcase of Bay Area Talent

Thu, 16/08/2018 - 20:57

Produced and hosted by the Entertainment Business students at SAE Expression College as part of their capstone project, RenaiXXance will highlight the talent and creativity within the entertainment industry of the San Francisco Bay Area on Saturday, August 18, 2018 from 5:00 – 9:00 PM at 6601 Shellmound Street in Emeryville, CA.

Emeryville, CA, Aug. 16, 2018 (GLOBE NEWSWIRE) -- The Entertainment Business Program students at SAE Expression College will host RenaiXXance, a showcase of student and alumni creativity and talent, as part of the Event Production class on Saturday, August 18, 2018 from 5:00 – 9:00 PM. The event will be held at the SAE Expression College campus at 6601 Shellmound Street in Emeryville, CA, and aims to highlight the creative talent and skills that reside in the Bay Area.

“Our Entertainment Business Program allows students practical training by producing an event as part of their capstone project,” says Elmo Frazer, Campus Director at SAE Expression College. “These students have worked hard to plan, coordinate, and promote this special event, and this experience will resonate with their future careers in the music and entertainment industry.”

A feature of the RenaiXXance event will be a panel discussion on the state of the Bay Area entertainment industry. Notable personalities on the panel will be:

  • Sway Calloway, SiriusXM Radio host, rapper, and former MTV correspondent;
  • DJ D Sharp, exclusive DJ for the Golden State Warriors;
  • Freddy Styles, GRAMMY®-nominated Hall of Fame SAE Expression College alumnus.

Following the industry panel, students and alumni will showcase their work, which will include live painting, short films, producers' beats, video games, and more, leading to live music performances from featured students and up-and-coming Bay Area artists to close out the event.

The event is open to public and free to attend. For more information or to register, contact the Entertainment Business class.

 

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

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

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

Generation NEXT Franchise Brands, Inc. Contracts CSA Service Solutions to Provide Full Service and Support to Robot Vendors in North America

Thu, 16/08/2018 - 17:48

The Service Agreement Will Provide Seamless Support for Some 1,000 Reis & Irvy’s Installations Expected by Year-End and a Further 2,000 Expected in 2019

SAN DIEGO, CA, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Generation NEXT Franchise Brands, Inc. (OCTQB: VEND) announced today an agreement with CSA Service Solutions, a leader in technical field service, to provide for both franchisees and corporate-owned units. Generation NEXT Franchise Brands’ flagship subsidiary, Reis & Irvy’s, is the world’s first franchise of robot-staffed, fully automated frozen dessert vending kiosks.

CSA works with a variety of blue chip companies in the Self Service, Healthcare, Laboratory, Critical Power and Security sectors. CSA offers cradle to grave solutions for companies like Generation Next, from planning of a rollout to decommissioning and everything in between.  Currently serving every zip code in the country, CSA has over 250,000 touches a year, ranging from Field Change Orders to Preventative Maintenance to Bench Repairs.  CSA has partnered with Emigrant Capital, a private equity division of Emigrant Bank.

With over $170 million in franchise and licensing contracts, Generation NEXT Franchise Brands, Inc. (OTCBB: VEND) is leading the way with frozen desserts, fully autonomous robotic delivery, visual and audio entertainment, and a unique retail experience.

“A Larger Footprint”

“With this caliber of nationwide service from the folks at CSA Service Solutions, we can substantially expand our footprint throughout North America” said Nick Yates, CEO of Generation NEXT Franchise Brands. “Not only will our franchisees benefit from the agreement, our ability to grow our base of corporate-owned robots is expected to accelerate by the end of this year,” Yates concluded.

“Looking at Generation NEXT’s executive leadership, with their emphasis on superior products and their vision of retail’s future, we expect to be working together for many years,” Luc Vallieres, President and CEO of CSA said. “And we have the ability to scale our full-service operations to match Generation NEXT’s massive expansion throughout North America.”

An Industry Disruptor

Generation Next Franchise Brands, Inc. (OTCQB: VEND) is the developer of the world's first fully-automated robotic frozen dessert vending kiosk designed to disrupt brick-and-mortar competitors. Reis & Irvy’s unattended robots eliminate the need for costly rents and employees; significantly reduce food safety concerns; and are capable of operating 24-hours a day.

Reis & Irvy’s-branded signature robot characters of the same name can dispense servings of frozen yogurt, ice cream, gelato and sorbet topped with a selection of six delicious toppings in under 60 seconds. With self-checkout touch screen ordering and payment options, video animation, music and delicious frozen dessert provided exclusively by Dannon, robot vendors meet consumers’ demand for immediate convenience, entertainment and a superior quality product - be it in shopping malls, medical centers and any other high-traffic area.

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

About Generation NEXT Franchise Brands, Inc.

Generation NEXT Franchise Brands, Inc., based in San Diego, California, is a publicly traded company on the OTC Markets trading under the symbol OTCBB: VEND. Generation NEXT Franchise Brands, Inc. is parent company to Reis and Irvy's, Inc. and Generation NEXT Vending Robots.

About Reis & Irvy's, Inc.

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

About CSA Service Solutions, LLC.

CSA SERVICE SOLUTIONS is a passionate, professional and customer centric service organization.  Established in 1998, we have worked on a number of prestigious contracts for global leaders in the healthcare, laboratory, critical power, security and self-service kiosk spaces.  We specialize in professional field service support, including anything from conceptualized design and implementation to FCO’s, repairs and preventative maintenance. Contact us at csa-service.com

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

Cautionary note on forward-looking statements

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


CONTACT: Media Contact: Darren Shuster Generation NEXT Franchise Brands, Inc. Phone: (818) 744-1851 Email: darren@popculturepr.com Reis & Irvy’s Website: www.reisandirvys.com CSA Service Solutions: www.csa-service.com

Avid Pro Tools | MTRX SPQ Speaker Processing Card Now Available

Wed, 15/08/2018 - 19:00

New speaker processing option card for Pro Tools | MTRX enables users to fine tune their mixing and monitoring environment for a consistent experience across mono, stereo and immersive formats

BURLINGTON, Mass., Aug. 15, 2018 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID), the leading technology provider of software tools and platforms that power the media and entertainment industry, today announced the availability of the Pro Tools® | MTRX SPQ Speaker Processing Card for speaker calibration and bass management. Built for the Pro Tools | MTRX audio interface, the SPQ option card enables complete control of monitoring systems in stereo, surround, and immersive audio production rooms. It gives customers precise control and allows them to tune rooms, manage bass and EQ monitors, and cue signals for the most challenging music and audio post-production projects.

“Immersive formats are now commonplace in film and television and becoming popular in music as well, and engineers need to monitor their work in multiple formats,” said Rob D’Amico, Director, Market Solutions | Pro Audio & Digital Business Development, Avid. “With the Pro Tools | MTRX SPQ Speaker Processing Card, customers can maintain a consistent, high-quality sound when switching between different audio formats and speaker sets—enabling them to keep pace with increasing session complexity.”

The Pro Tools | MTRX SPQ Speaker Processing Card gives customers precise control with 1,024 IIR filters across 128 channels per card (up to 16 filters per channel). It integrates with DADman and Pro | Mon software for MTRX, enabling customers to save and recall configurations for any audio format—from stereo to immersive audio, including Dolby Atmos. In conjunction with Pro Tools | MTRX, the SPQ option card is a fully integrated speaker processing and I/O solution that streamlines workflows and eliminates the need for additional devices in the signal chain.  

The Pro Tools | MTRX audio interface provides the highest standard in premium studio-quality sound. Developed in collaboration with Digital Audio Denmark (DAD) and designed for Pro Tools | HDX, HD Native, and other pro audio systems, it delivers the superior sonic quality of DAD’s legendary AD/DA converters, as well as extensive, flexible routing and monitoring control.
      
Pro Tools | MTRX is fully modular and with eight card slots, and it can be customized to fit any workflow. With the addition of the SPQ card, there are now 10 different option cards that customers can mix and match to meet their needs.

Availability
Pro Tools | MTRX SPQ option card is available now. For more information, visit https://www.avid.com/products/pro-tools-mtrx.

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

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

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

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

CEO Edward D. Ciofani of WhereverTV Returns to Discuss Company Updates with Everett Jolly on Uptick Newswire’s “Stock Day” Podcast

Wed, 15/08/2018 - 18:00

PHOENIX, Aug. 15, 2018 (GLOBE NEWSWIRE) -- WhereverTV (OTCQB:TVTV), (the “Company”) announced CEO, Edward D. Ciofani’s return interview with Everett Jolly, host of Uptick Newswire’s “Stock Day” Podcast.

Everett Jolly invited a company to return to the “Stock Day” podcast. “Unless you’ve been living under a rock, we’re going to talk about maybe one of the biggest infringements in the country. We’re talking about they’ve got an infringement against Comcast. The Company that we’re talking about today is WhereverTV Broadcasting Corp. and they were on our show back in April.”

With us today is the CEO, Edward Ciofani. “Ed, welcome to the show!”

Ciofani, “Everett, thanks for having me again! It’s always a pleasure!”

Jolly, “I read your press release and I was floored! You’re going to have to bring me up-to-date with what’s going on with this Comcast patent infringement filing. What’s going on?”

Ciofani was approached in early 2015 to take over the Company, but he didn’t know anything about patent infringement. So, he wanted to do some research before moving forward and hired a top law firm for that purpose. Their final report indicated that they felt the patent was defendable. He said basically, “The bigger the Goliath, the tougher the fight’s going to be and the more credible representation they’ll bring. Meaning if we are successful in defending our patent rights against a great company like Comcast, then other major companies we feel are infringing will take that into consideration when we ultimately enforce our patent rights with them.”

Ciofani said he was also intrigued by the OTC market platform and what the Company brought to it and what it was doing to the industry. It’s not very often that you have the opportunity to be part of a new and up-and-coming industry that has the explosive growth potential.

His first steps were to get the Company organized with a Board of Directors and then to redevelop the platform. It has also taken some time to get everything in place for the website concerning software compatibility issues with the front- and back-ends. After all that, everyone agreed it was time to defend the Company’s biggest asset, which was the patent.

Ciofani surmised that if they spend money to defend this patent against Comcast and their patent rights are validated, then other similar companies will recognize the value and merits of this patent case. This means that the Company will have a limit on the amount of money needed to spend on potential similar future legal issues.

There are several parts to this patent and they feel very confident in the research they have completed in this area.

Jolly continued, “Let’s change gears here and talk about the nuts and bolts of the Company. You’ve got the music division. Where are we on that prospect?”

Ciofani believes this is one of the most exciting divisions of the Company. They have a studio located in Nashville, Tennessee and they’ve hired a top team to do the branding and content creation. They’ve signed several award-winning, multi #1 hit producing artists to date and are in conversations with other award-winning, multi-platinum country music recording artists. The biggest challenge for artists that aren’t in or on the mainstream radio playlist is lack of relevancy which leads to a major problem in that some of these artists don’t have the distribution outlets. What WhereverTV hopes to do is “give artists a whole new platform and distribution point whereby it’s not just audio. It’s audio and video and getting up close and personal with these artists in our studios. . .All these artists have a fan base, what we call a super fan base.” Those are the fans WhereverTV is going after, not just in the United States but worldwide. These artists will be producing content from in studio talk and music shows to recording studio content and outside personal interest content. Collin Raye has already aired his first show titled “That’s My Story.”

“What’s going on down in Latin America?” Jolly asked.

The Company has been growing that organically and in January 2018, they got approximately 27,000 people signed on for trial subscriptions. Ciofani said they’re at about a 7% conversion right now. They just got authorization to add some new channels to their platform. So, Latin America is starting to see the value of what WhereverTV is adding to live-streaming and the Company is really excited about where that’s going. They’re also starting some new Google and other digital social media display advertising that is going very well. Their recent click-through rates were almost 20% and conversion rates into action were almost 12%. These are almost unheard of numbers in the industry.

Jolly concluded by telling listeners to check out WhereverTV and invited CEO Ciofani to come back before the end of the year for another update.

For more information about the Company’s financial details, listen to the full interview at the link below:

https://upticknewswire.com/featured-interview-ceo-edward-ciofani-of-wherevertv-broadcasting-corp-otcqb-tvtv-3/

About TVTV:
Founded in 2006, WhereverTV is the next generation subscription television service providing consumers with live-streaming, genre-specific, and in-language viewing choices from around the world, delivered to anywhere in the world, and through any internet enabled device. Many of our channels are the same as those broadcast by traditional cable and satellite platforms, with the only difference being that WhereverTV’s channels are broadcast securely over the internet, and channel management is handled by the company’s patented Interactive Program Guide (IPG) technology.

WhereverTV delivery platform is based on the over-the-top (OTT) service. The Company's platform broadcasts linear television programming across the public internet to connected televisions, Blu-ray players, set top boxes, tablet PCs, laptops, and smartphones. The WhereverTV platform manages broadcast rights across geographies and provides individual customer viewing experiences based on customer locations (geo-targeting) and content-rights management (subscriptions).

Contact:
WhereverTV
11390 Palm Beach Blvd.
Suite #302
Fort Myers FL 33905
1-855-943-7383
https://wherever.tv/
support@wherever.tv

Safe Harbor Act and Forward-Looking Statements:
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

About Uptick Newswire and the “Stock Day” Podcast:
Founded in 2013, Uptick Newswire is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Uptick provides companies with customized solutions to their news distribution in both national and international media outlets. Uptick is the sole producer of its “Stock Day” Podcast, which is the number one radio show of its kind in America. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire, which recently launched its Video Interview Studio located in Phoenix, Arizona.

Investors Hangout is a proud sponsor of “Stock Day,” and Uptick Newswire encourages listeners to visit the company’s message board at https://investorshangout.com/

SOURCE:
Uptick Newswire
https://upticknewswire.com/

Tom Clancy’s Jack Ryan Will Launch Globally on Amazon Prime Video in Dolby Atmos and Dolby Vision

Wed, 15/08/2018 - 18:00

Dolby Atmos now joins Dolby Vision on Prime Video

SAN FRANCISCO, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Dolby Laboratories, Inc. (NYSE:DLB) and Amazon (NYSE:AMZN) announced today that Tom Clancy’s Jack Ryan will be available on Prime Video in both Dolby Atmos® and Dolby Vision™ HDR starting August 31. This Prime Original series brings the complete Dolby audio and visual experience to Prime members.

Consumers will be able to enjoy Dolby Atmos with Tom Clancy’s Jack Ryan on Fire TV and Fire TV Cube in addition to a variety of other compatible devices including TVs, sound bars, and home theater systems. The combined Dolby Atmos and Dolby Vision experience will initially be available on certain Dolby Vision TVs and Dolby Atmos enabled audio devices.

“Dolby enables spectacular audio and visual experiences that take your favorite entertainment to the next level,” said John Couling, Senior Vice President, Commercial Partnerships, Dolby Laboratories. “Through our growing work with Amazon, we can now bring more lifelike experiences to Prime members.”

“Amazon is committed to delivering immersive and compelling content to our Prime Video members around the world,” said Greg Hart, Vice President of Prime Video. “Dolby Atmos and Dolby Vision will enhance the action-packed scenes in Tom Clancy’s Jack Ryan and make viewers feel like they are at the center of the story.”

Dolby Atmos puts you inside the action with bigger, more encompassing sound that fills the room – even overhead – to immerse you in the entertainment. The sounds of people, places, things, and music come alive with breathtaking realism and move throughout the space.

Dolby Vision transforms your viewing experience with ultra-vivid picture quality. When compared to a standard picture, Dolby Vision can deliver colors never seen before on a screen, incredible contrast, highlights that are up to 40 times brighter, and blacks that are 10 times darker. Together, lifelike images and sound leap from the screen to make entertainment experiences truly spectacular.

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, Dolby Atmos, Dolby Audio, Dolby Cinema, Dolby Vision, Dolby Voice, and the double-D symbol are among the registered and unregistered trademarks of Dolby Laboratories, Inc. in the Unites States and/or other countries. Other trademarks remain the property of their respective owners. DLB-G

Media Contact:
Cairon (Jamie) Armstrong
Dolby Laboratories
+1-415-558-0751
Cairon.Armstrong@Dolby.com

 

Max Sound Corporation Midyear Shareholder Update

Wed, 15/08/2018 - 03:00

SAN DIEGO, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Max Sound Corporation’s (MAXD) CEO provides the following update to its shareholders.  

Dear MAXD Shareholders,

I want to thank each of you for your continual support as we strive towards finally achieving the sales and share value that we feel will be in our sites before the end of 2018.

STOCK MANIPULATION FROM ILLEGAL NAKED SHORT SELLING

Earlier this summer Max Sound Corp. engaged a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance to examine substantial short selling of its stock. The results were shocking and disturbing: “Max Sound Corporation (MAXD) has and is being victimized by Manipulative Trading Practices and Abusive Naked Short Selling for the past three years with the culprit’s objective to lower the price and harm the Company,” said John Blaisure – CEO, Max Sound Corp.

“We asked the SEC and FINRA to act on MAXD’s complaints and accelerate their investigations on the five major Market Makers, which are performing these illegal naked short selling activities, share counterfeiting and failing to deliver shares,” added Mr. Blaisure. “For anyone who doubts the reality of Naked Short Selling as a way that these market makers steal around 70 billion dollars a year of real equity from American middle class and blue collar investors who believe in the Small American Business Microcaps they are the primary investors of, here is a letter the Company received on July 23, 2018 along with a 198 page published report from the first court recognized expert on the subject of Naked Short Selling – Attorney Wes Christian of Christian Smith and Jewel.”

“Several months ago I was hired as a “Naked Short Selling Expert” for a particular case in Federal Court of the Southern District of Florida (the “Case”). In the Case, which was tried before the court last week, I opined that: a) 40 to 70 percent of the daily trading volume (from Sept 2007 to Sept 2008) were counterfeit shares in the form of fails to deliver; and b) there were another 45 million shares in “hidden fails”, which were revealed by virtue of a new Cusip number assigned to the “replacement shares” issued after a 4500 to 1 reverse split. This reverse split required to redeem your physical share(s) with the old Cusip number for a new share(s) with a different Cusip number. The final conclusion I reached was that there were 100 million counterfeit shares sold when the total shares issued by the company were only 65 million. The SEC and the DOJ filed NO REBUTTAL TO MY REPORT. In fact, they accepted my report into evidence and told another lawyer from Kravath (after both sides rested) that they did not rebutt anything because they were TERRIFIED OF ME AND MY FINDINGS. This is, to my knowledge, the first time: 1) a court has accepted anyone as a naked short selling expert; and 2) allowed such report (and my rebuttal report) to be put into evidence. This is important to all of us litigating in this space, as we now have a precedent for this. In addition, the revelation of the level of counterfeit shares was compelling. I have enclosed my report and all exhibits for your review. Please note the number of sanctions and fines against wall street which single spaced is 25 pages, the vast majority of which is for mis-marking tickets long when they are short, not borrowing shares, and failing to deliver etc.

MAXD’s Market Makers are Knight/Virtu (NITE), Cantor Fitzgerald (CANT), Canaccord Genuity (CSTI), Citadel (CDEL) and eTrade/G1 (ETRF).

Many of our investors have been following and asking about the Naked Short Selling that has been happening to their various penny stocks (including MAXD) and are interested in knowing more about stock manipulation and the corresponding SEC and FINRA-filed complaints. Again today, in conjunction with release, we have filed our third set of complaints with the SEC and FINRA and are requesting once more that they enforce the law that is there for them and requires them to stop this activity.

“Since MAXD filed complaints with the country’s top regulatory bodies, these same bad actors have continued their all-out assault on the Company’s stock, but we are confident that either a short squeeze, or FINRA and/or SEC intervention is eminent to eliminate this blatant theft of our shareholder’s equity” continued Mr. Blaisure. “We estimate that there are currently 22 billion shares short which is about 4 times the number of shares issued and outstanding. We believe there will soon be significant buy-ins so it will be interesting to see if any of the 5 market makers blinks first. Technically, there are only enough shares for one of the market makers to financially survive the short squeeze we are working on.”

To learn more here is a primer on the subject:

http://counterfeitingstock.com/CounterfeitingStock.html and here is a powerful article put into actual practice https://theintercept.com/series/penny-stock-chronicles/

HD AUDIO TECHNOLOGY AND LICENSING

Late last year I had a tremendously positive trip to China and met with industry leaders at the Hong Kong Summit trip. The opportunity to port onto an enormous mobile chipset market with MAX-D Voice became evident and we are significantly far along in the completion of the development phase.

During the first and second quarters of 2018, at the request of several large OEMs, the Company conducted Audio Lab tests to greatly improve cellular voice calls with our improved technology and it is finally becoming clear to many Mobile Phone OEMs that the demand for a higher quality, clearer phone call is very important to consumers.

MAXD LITIGATIONS

Since 2014, most of you have been following the ongoing ups-and-downs of our litigation battles with Google. The first battle related to the Optimized Data Transmission patents, including U.S. Patent …339, sometimes labeled “David vs. Googleiath” was where Google sent back a road-map of the technology theft on yellow Post It notes, and the second was the Attia litigation, including the Court-granted leave to amend the complaint to add causes of action against defendants for civil violations of the federal Racketeer Influenced and Corrupt Organizations Act (commonly known as RICO).

The 339 Patent matter for Optimized Video Data Transmission is up for Appeal this fall and the positive outcome there will substantially affect our financial success going forward.

“In the Attia matter, the Fifth Amended Complaint was just filed along with Attia’s Stipulation for Entry of Order of Dismissal,” said Mr. Blaisure. “This allows the State Case for Trade Secret Theft and Misappropriation to go back to the State Court at the present time, and the RICO case to go to the Appeals Court where we will get a fair hearing, instead of the Court in Google’s backyard where the court nearly always rules in their favor regardless of right or wrong. We know we have a good likelihood of success associated with these lawsuits and continue to fight on towards either a beneficial settlement or a court ordered verdict. Both cases are on a contingency and there is a third party litigation funder looking to cover the costs going forward. In either case, MAX-D has dramatically lowered its costs going forward so our upside has been improved while substantially eliminating our future cost risk to get to the finish line.”

THE COALITION AGAINST GOOGLE

In response to the overwhelming number of requests from various individuals and small businesses harmed by the internet giant, last year Max Sound committed to lead THE COALITION AGAINST GOOGLE. Since that announcement, many victims have come forward and joined this coalition. Our team has been working daily, compiling an ever-growing database of Google victims and released, “The Catalog of Google Crimes”. You can visit http://GoogleCrimes.org and download this Catalog. The site also allows anyone to add their stories to the Catalog by using the submission page and lastly, you can delete Google and all of its products from your life permanently by following the step-by-step supplement at http://GoogleCrimes.org/take-back-your-privacy. “We have been informed that in addition to the nearly 8 billion dollars of fines since last year against Google for Anti-trust violations that there are many other potential damages of that magnitude or greater that Google will potentially face down the road,” continued Mr. Blaisure.

COMPANY DEBT

As you can imagine, running a Company that is simultaneously developing and deploying its core technology, fighting Google while dealing with naked short sellers who are also RegSHO violators takes a lot of resources. We are truly grateful to our strong shareholder base that continues to buy stock even as it gets sold short with counterfeit shares by market makers. We also are grateful that our convertible debt notes were recently bought out by an investor friendly to the Company, which we expect will soon help with the stock price and dilution.

OTHER AREAS OF PROGRESS AND COMPANY ASSETS

Last June, the United States Patent and Trademark Office issued patent 9,679,427 on MAXD IP for Biometric Audio Security. A great deal of interest was generated at the Hong Kong Asia Summit and we will continue to seek license opportunity discussions with these interested companies in 2018. The Company has been granted the following registered trademarks: Max Sound®, MAXD® and MAX-D Audio Perfected® and HD Audio®.

The MAX-D API (Application Programming Interface) allows the MAX-D algorithm to be inserted into applications such as streaming services, auto head units, DSP memory in chips and speakers, developer platforms and web-based applications. Our MAX-D HD Audio App is used and enjoyed by a user base of well over 500,000 subscribers and MAX-D continues to play a role in the hearing health initiatives of our youth and is working towards reversing this silent epidemic. A few years ago we announced the successful results of a University of Florida study demonstrating MAX-D’s hearing health benefits, and our Chairman met with leaders in Washington DC from the Congressional Hearing Health Caucus and the National Institute of Health.

ONWARD TO SUCCESS

We continue to strive and move forward with our technologies and litigations while at the same time minimizing debt and dilution as much as possible. While nothing has moved nearly as fast as we had all hoped, with the progress we’ve made we are more optimistic than ever that success through major brand recognition and revenue is imminent in 2018.

Thank you sincerely for taking up your valuable time to go over this with us and for your continued support.

Very truly yours,
John Blaisure - CEO
Max Sound Corporation

ABOUT MAX SOUND COROPORATION
MAX-D is to audio what HD (High Definition) is to video. The MAX-D® Audio Process makes everything sound better and can convert any audio file to high definition quality while significantly reducing the file size. Visit us www.maxd.audio Max Sound® and MAX-D® are Registered Trademarks and Patent Pending technologies wholly owned by Max Sound Corporation. All other trademarks are the property of their respective owners.

ABOUT MAX-D HD AUDIO TECHNOLOGY
The MAX-D HD Audio Technology is currently delivering Clean, High Definition Audio without increasing file size - fitting life-like HD Audio into our existing gigantic ever-growing compressed audio eco-system. We believe that we are nearing additional licensing adoption with a number of companies interested in the cost savings provided by MAX-D as we reduce data streaming costs while providing a higher quality HD Audio experience. In parallel to providing reduce data streaming costs, we also provide additional savings to potential licensors by delivering a nearly seamless low cost changeover. The MAX-D Technology can now be added quickly and economically to any industry or audio platform, as there is no need for bigger pipes, bigger servers, new consumer appliances, or higher data costs (which would be rejected by today’s cost-conscious consumers and data providers). Although smaller file sizes and cost savings are beginning to captivate companies who are looking closely at their bottom-lines. The average consumer is interested in the CLEAN HD SOUND! Whether your music is streamed with MAX-D or voice is processed with MAX-D - MAX-D HD Audio Simply Sounds Better. Consumers agree that MAX-D MP3 files sound incredible (yet remains one-tenth the size of a .wav file). MAX-D provides more clarity, dimension, articulation and impact in every range of the audio spectrum while random artifacts and harshness are gone.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Statements in this press release which are not purely historical, including statements regarding Max Sound's intentions, beliefs, expectations, representations, projections, plans or strategies regarding the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow or adequacy of capital resources, market acceptance risks, technical development risks, and other risk factors. The company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Max Sound disclaims any obligation and does not undertake to update or revise any forward-looking statements in this press release. Expanded and historical information is made available to the public by Max Sound Corporation and its Affiliates on its website www.maxd.audio or at www.sec.gov

SOURCE: Max Sound Corporation
Phone: 800-327-MAXD
Email: info@maxsound.com 

Cinedigm Announces First Quarter Fiscal 2019 Financial Results

Wed, 15/08/2018 - 01:35

Content & Entertainment Business Revenues Up 9% and Adjusted EBITDA up 31%

LOS ANGELES, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Cinedigm Corp. (NASDAQ: CIDM) today announced financial results for the first quarter fiscal 2019, which ended June 30, 2018.

Key Financial and Operating Results:

  • Consolidated revenues were $13.1 million, down 14% due to the expected decline in the legacy cinema equipment business where revenues were down 27%, partially offset by Content & Entertainment revenues that were up 9% to $6.0 million
  • Content & Entertainment Adjusted EBITDA was up 31% versus the prior year
  • Net loss to common stockholders was $3.4 million, an improvement of 35% versus the prior year quarter
  • The Company closed a multi-year, multi-title content distribution agreement with Nelvana, Canada’s premier animation company and a leading global producer of children’s content.  The agreement includes DVD and transactional digital content for the associated Nelvana library and includes over 3,000 television episodes with premium worldwide brands such as Franklin, Babar and Beyblade
  • During the quarter, Cinedigm announced partnerships to launch three new OTT channel networks including Gatherer, a lifestyle channel for women 35 years and older, Hallypop, a channel celebrating Asian pop music and culture, and Combat GO, a global mixed martial arts channel. In total, the Company now has nine OTT streaming channels either launched or announced
  • Sales momentum continued to build during the quarter with DVD/BluRay billings up 65% and digital billings up 30% versus last year. Those results will be reflected in future quarters as well as the current period. Total OTT streaming revenues (1) for the quarter were $2.2 million
  • The Company launched streaming channels on the Dish Network’s Sling TV service during the quarter, as well as the key Xumo platform
  • Total OTT app installs reached 5.4 million, up 23%
  • OTT subscribers exceeded 91,000, up 7%
  • Total digital transactions across Cinedigm’s OTT footprint reached 713,000, up 6%
  • The Company’s OTT/digital platform partner footprint increased to 95 partners, up 19%, driven by the signing of key distribution deals with a market-leading OEM manufacturer, two of the top five ad-supported platforms, and a top-three Multi Channel Video Programming Distributor (MVPD).
  • Total device reach to mobile phones, smart televisions and other connected devices increased by 19 million to 435 million
  • Total digital content deliveries to partners across the OTT ecosystem included 2,619 films and television episodes, up 74%

“This was a strong quarter, particularly for our content and entertainment business,” said Chris McGurk, Chairman and CEO. “We made significant progress in our streaming OTT segment, where we uniquely generate sales through four revenue streams: subscription fees, advertising, servicing retainers and content distribution fees, whereas most of our competitors are dependent on only a single source of those OTT revenues. In addition to our new OTT channel launches, we closed several significant new deals with key streaming platforms that should generate significant high margin revenues in future quarters. We are encouraged by our progress as we continue to lead the way in this huge, fast-growing, high margin segment with a differentiated OTT business model.”

Mr. McGurk added, “With respect to China, we participated at the Beijing International Film Festival, with three industry presentations that received comprehensive press coverage across China. During the festival, we also announced six new Chinese entertainment partnerships that will generate digital, OTT and film distribution revenue. We continue to develop content supply relationships in China for our Chinese language OTT channel, which we expect to launch in our fiscal fourth quarter.”

Jeffrey Edell, Chief Financial Officer, added, “Despite the first fiscal quarter being a seasonally slow period for our business, our results clearly illustrate the progress we are making in the transformation of our business with Content & Entertainment revenues up 9% and Adjusted EBITDA up 31%. Our cost management efforts and implementation of operational efficiencies continue to show results, helping us move toward sustainable profitability. With more access to additional capital as needed, we have the capacity to support our growth agenda and extend our position in the OTT space. In addition, we are very pleased to have reduced total debt, excluding our revolving credit facility, by another $8.3 million during the quarter. Over the last 12 months, we have reduced total debt by $72.4 million.”

Financial Summary

Revenue

Revenue for the three months ended June 30, 2018 was $13.1 million, compared to $15.2 million for the year ago period. This decrease was primarily driven by lower deployment and services revenue derived from virtual print fees (“VPF”) which are earned when movies distributed by studios are displayed on screens utilizing the Company’s systems that are installed in movie theatres. The decrease was partially offset by a 9% increase in Content & Entertainment revenues. The Company continues to shift its strategy toward building a portfolio of revenue streams in the OTT business.

Direct Operating Expenses

Direct operating expenses for the first quarter of fiscal 2019 decreased by 15.8% to $3.4 million compared to $4.1 million for the year ago period. The decrease was primarily due to a reduction in content advance amortization in Cinedigm’s Content & Entertainment Business segment.

Selling, general and administrative expenses

Selling, general and administrative expenses increased slightly by $225,000, or 3.6%, to $6.5 million for the three months ended June 30, 2018 compared to $6.3 million for the three months ended June 30, 2017.

Interest expense, net

Net interest expense decreased by $1.3 million, or 33.3%, to $2.7 million for the three months ended June 30, 2018 compared to $4.0 million for the three months ended June 30, 2017. The decrease was primarily due to lower interest expense on a lower outstanding debt balance compared to the first quarter of fiscal 2018.

Net income / (loss)

For the three months ended June 30, 2018, the Company had a net loss of $3.3 million, and after giving effect to preferred stock dividends of $89,000, a net loss attributable to common stockholders of $3.4 million or ($0.09) per basic and diluted share based on a weighted average of 37.6 million shares outstanding. In comparison, for the three months ended June 30, 2017, the Company had a net loss of $5.2 million, and after giving effect to preferred stock dividends of $89,000, a net loss available to common stockholders of $5.2 million or ($0.48) per basic and diluted share based on a weighted average of 10.9 million shares outstanding.

Adjusted EBITDA

Adjusted EBITDA decreased by $2.2 million, or 41.5%, to $3.1 million for the three months ended June 30, 2018 compared to $5.4 million for the three months ended June 30, 2017. The decrease was primarily due to anticipated reduction in revenues for the legacy cinema equipment business which was partially offset by a 31% increase in the Company’s Content & Entertainment business.

Adjusted EBITDA is defined by the Company for the periods presented to be earnings before interest, taxes, depreciation and amortization, other income, net, goodwill impairment, litigation related expenses and recoveries, stock-based compensation, expenses, restructuring, transition and acquisitions expenses, net, and certain other items. Pursuant to the requirements of Regulation G, the Company has provided a reconciliation in the tables attached to this release of loss from continuing operations calculated in accordance with accounting principles generally accepted in the United States of America (“GAAP”) to Adjusted EBITDA. Adjusted EBITDA is not a measurement of financial performance under GAAP and may not be comparable to other similarly titled measures of other companies. The Company calculated and communicated Adjusted EBITDA in the tables because the Company's management believes it is of importance to investors and lenders by providing additional information with respect to the performance of its fundamental business activities. Management presents Adjusted EBITDA because it believes that Adjusted EBITDA is a useful supplement to net loss as an indicator of operating performance. Management also believes that Adjusted EBITDA is an industry-wide financial measure that is useful both to management and investors when evaluating the Company's performance and comparing our performance with the performance of our competitors. Management also uses adjusted EBITDA for planning purposes, as well as to evaluate the Company's performance because it believes that adjusted EBITDA more accurately reflects the Company's results, as it excludes certain items, such as stock-based compensation charges, that management believes are not indicative of the Company's operating performance. The Company believes that Adjusted EBITDA is a performance measure and not a liquidity measure. Adjusted EBITDA should not be considered as an alternative to operating or net loss as an indicator of performance or as an alternative to cash flows from operating activities as an indicator of cash flows, in each case as determined in accordance with GAAP, or as a measure of liquidity.  In addition, adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest and income taxes that can affect cash flows.  The Company's calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of net income (loss). In addition, Adjusted EBITDA does not take into account changes in certain assets and liabilities as well as interest and income taxes that can affect cash flows. Management does not intend the presentation of these non-GAAP measures to be considered in isolation or as a substitute for results prepared in accordance with GAAP. These non-GAAP measures should be read only in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP.

(1) Total OTT revenues represent the sum of 4 distinct revenue streams: 1. Subscription fees; 2. Advertising and sponsorships; 3. Digital content distribution fees; and 4. Management, operational and technology service fees. OTT channel revenues represent the sum of two of those revenue streams, subscription fees and advertising and sponsorships.

Conference Call

Cinedigm will host a conference call to discuss its financial results at 1:30 p.m. PDT / 4:30 p.m. EDT on August 14, 2018. 

To participate in the conference call, please dial (877) 754-5303 or for international callers (678) 894-3030 at least five minutes prior to the start of the call. No passcode is required. An audio webcast of the call will be accessible at http://investor.cinedigm.com/events.cfm. To listen to the live webcast, please visit the site prior to the start of the call in order to register, download and install any necessary audio software.

For those unable to participate during the live broadcast, a replay will be available beginning August 14, 2018 at 7:30 p.m. EDT, through August 21, 2018 at 7:30 p.m. EDT. To access the replay, dial (855) 859-2056 (U.S.) or (404) 537-3406 (International) and use passcode: 5649017.

About Cinedigm                                                        

 

Cinedigm powers custom content solutions to the world’s largest retail, media and technology companies. We provide premium feature films and series to digital platforms including iTunes, Netflix, and Amazon, cable and satellite providers including Comcast, Dish Network and DirecTV, and major retailers including Walmart and Target. Leveraging Cinedigm’s unique capabilities, content and technology, the Company has emerged as a leader in the fast-growing over-the-top (OTT) channel business, with four channels under management that reach hundreds of millions of devices while also providing premium content and service expertise to the entire OTT ecosystem. Learn more about Cinedigm at www.cinedigm.com.

In November 2017, Bison Capital became the beneficial owner of the majority of Cinedigm’s outstanding Class A Common Stock. Bison Capital is a Hong Kong-based investment company with a focus on the media and entertainment, healthcare and financial service industries. Founded by Mr. Peixin Xu in 2014, Bison Capital has made multiple investments in film and TV production, film distribution and entertainment-related mobile Internet services.

Cinedigm is now working closely with Bison to develop plans and forge partnerships to release entertainment content and develop OTT channels in China while, reciprocally, releasing Chinese content and new OTT channels in North America.

Cinedigm™ and Cinedigm Digital Cinema Corp™ are trademarks of Cinedigm Corp. www.cinedigm.com. [CIDM-E]


Safe Harbor Statement

Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of Cinedigm officials during presentations about Cinedigm, along with Cinedigm's filings with the Securities and Exchange Commission, including Cinedigm's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-K, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act''). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates,'' "intends,'' "plans,'' "could," "might," "believes,'' "seeks," "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by Cinedigm's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Cinedigm, its technology, economic and market factors and the industries in which Cinedigm does business, among other things. These statements are not guarantees of future performance and Cinedigm undertakes no specific obligation or intention to update these statements after the date of this release.


For more information:

Jill Newhouse Calcaterra
Cinedigm
jcalcaterra@cinedigm.com
310-466-5135

CINEDIGM CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except for share and per share data)

 June 30, 2018 March 31, 2018ASSETS(Unaudited)  Current assets   Cash and cash equivalents$17,820  $17,952 Accounts receivable, net32,996  38,128 Inventory, net641  792 Unbilled revenue3,808  6,799 Prepaid and other current assets9,081  10,497 Total current assets64,346  74,168 Restricted cash1,000  1,000 Property and equipment, net19,588  21,483 Intangible assets, net13,261  14,653 Goodwill8,701  8,701 Other long-term assets1,164  1,177 Total assets$108,060  $121,182 LIABILITIES AND DEFICIT   Current liabilities   Accounts payable and accrued expenses$64,232  $69,225 Current portion of notes payable, including unamortized debt discount of $545 and $225 respectively25,155  4,775 Current portion of notes payable, non-recourse512  512 Current portion of deferred revenue1,603  1,821 Total current liabilities91,502  76,333 Notes payable, non-recourse, net of current portion and unamortized debt issuance costs and debt discounts of $1,982 and $2,140 respectively29,478  37,570 Notes payable, net of current portion and unamortized debt issuance costs and debt discounts of $2,401 and $3,352 respectively8,826  25,435 Deferred revenue, net of current portion3,471  3,842 Other long-term liabilities280  306 Total liabilities133,557  143,486 Stockholders’ deficit   Preferred stock, 15,000,000 shares authorized; Series A 10% - $0.001 par value per share; 20 shares authorized; and 7 shares issued and outstanding at June 30, 2018 and March 31, 2018, respectively Liquidation preference of $3,6483,559  3,559 Common stock, $0.001 par value; Class A stock 60,000,000 shares authorized at each of June 30, 2018 and March 31, 2018; 36,326,169 and 36,261,975 shares issued and 35,012,333 and 34,948,139 shares outstanding at June 30, 2018 and March 31, 2018, respectively35  35 Additional paid-in capital366,398  366,223 Treasury stock, at cost; 1,313,836 Class A common shares at June 30, 2018 and March 31, 2018(11,603) (11,603)Accumulated deficit(382,581) (379,225)Accumulated other comprehensive loss(34) (38)Total stockholders’ deficit of Cinedigm Corp.(24,226) (21,049)Deficit attributable to noncontrolling interest(1,271) (1,255)Total deficit(25,497) (22,304)Total liabilities and deficit$108,060  $121,182 


CINEDIGM CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(In thousands, except for share and per share data)

  Three Months
Ended June 30,
  2018 2017 Revenues$13,078  $15,240  Costs and expenses:    Direct operating (excludes depreciation and amortization shown below)3,425  4,066  Selling, general and administrative6,543  6,318  Provision for doubtful accounts65  —  Depreciation and amortization of property and equipment2,089  4,357  Amortization of intangible assets1,395  1,395  Total operating expenses13,517  16,136  Loss from operations(439) (896) Interest expense, net(2,695) (4,041) Other expense, net(10) (69) Change in fair value of interest rate derivatives—  40  Loss from operations before income taxes(3,144) (4,966) Income tax expense(139) (186) Net loss(3,283) (5,152) Net loss attributable to noncontrolling interest16  6  Net loss attributable to controlling interests(3,267) (5,146) Preferred stock dividends(89) (89) Net loss attributable to common stockholders$(3,356) $(5,235) Net loss per Class A and Class B common stock attributable to common stockholders -
  basic and diluted:      Net loss attributable to common stockholders$(0.09) $(0.48)   Weighted average number of Class A and Class B common stock outstanding:
  basic and diluted37,639,300  10,920,446  

Adjusted EBITDA

Following is the reconciliation of our consolidated net loss to Adjusted EBITDA:

   Three Months Ended June 30,($ in thousands) 2018 2017Net loss $(3,283) $(5,152)Add Back:    Income tax expense 139  186 Depreciation and amortization of property and equipment 2,089  4,357 Amortization of intangible assets 1,395  1,395 Interest expense, net 2,695  4,041 Other expense, net 10  269 Change in fair value of interest rate derivatives —  (40)Stock-based compensation and expenses 86  317 Net loss attributable to noncontrolling interest 16  6 Adjusted EBITDA $3,147  $5,379      Adjustments related to the Cinema Equipment Business    Depreciation and amortization of property and equipment $(1,960) $(4,201)Amortization of intangible assets (12) (11)  Income from operations (3,723) (4,345)Adjusted EBITDA from non-Cinema Equipment Business $(2,548) $(3,178)

Transactions in relation to share buyback program

Tue, 14/08/2018 - 16:54

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 August 7, 2018 – August 13, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  August 7, 201827,500315.718,682,146  August 8, 201820,000310.926,218,364  August 9, 201820,000308.496,169,720  August 10, 201800.000  August 13, 20187,620306.262,333,712Accumulated under the program1,467,193273.07400,651,529

Following the above transactions GN holds a total of 12,218,676 own shares corresponding to a nominal value of DKK 48,874,704 and 8.4% 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).

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Singing Machine Announces First Quarter 2019 Earnings Report

Tue, 14/08/2018 - 16:30

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

First Quarter Snapshot:

  • Net sales of $1.8 million for the quarter ended June 30, 2018.
  • Gross margin of 21.3%.
  • Net loss of $1.0 million for the quarter.
  • Streaming music subscription sales increased 54% YoY.
  • Fees received from 3PL logistics services increased to $0.2 million for the quarter, an increase of 136% YoY.

Singing Machine reports net sales of approximately $1.8 million for the quarter-ended June 30, 2018 period. The decrease in net sales was primarily due to the bankruptcy of Toys ‘R’ Us which accounted for approximately $1.0 million in sales in the prior year same quarter. The Company also experienced a one-time unexpected factory closing during the first quarter which caused shipments of approximately $0.8 million to shift into the second quarter.  

Gross profit margin decreased by approximately 6.1% percent to 21.3% net sales compared to approximately 27.4% of net sales reported in the prior year. The decrease in gross margin was mainly due to a one-time expense related to moving products from one factory to new suppliers due to an unexpected supplier interruption.

Total operating expenses decreased to $1.7 million compared to $1.9 million in the prior year. The reduction in expenses was primarily due to a reduction in general and administrative expenses related to a decrease in bad debt reserve of approximately $0.14 million due to lower sales and accounts receivable.

As a result, the Company reported a net loss of $1.0 million compared to a net loss of $0.53 million in the prior year.

Management Commentary:

Gary Atkinson, Singing Machine CEO, commented, “Due to the bankruptcy and liquidation of Toys ‘R’ Us in March 2018, we experienced a first quarter slow down. We also experienced a disruption in our supply chain during the first quarter which caused a timing delay in shipments that were not able to be fulfilled in the first quarter. Those supply chain disruptions have since been resolved and those effected products are back in-stock. Despite the slow quarter and one-time market disruptions, we remain confident as the market leader in our category.  We believe the singing and music entertainment category is a growing market that is prime for international expansion.”

Earnings Call Information:

The Company will host a conference call today, Tuesday, August 14, beginning at 10:00 am Eastern time to discuss these results and answer questions. If you would like to participate on the call, please dial 866-831-8713 and use conference ID: SMDM.

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

About The Singing Machine

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

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

Forward-Looking Statements
This press release contains forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward‑looking statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management and include, but are not limited to statements about our financial statements for the fiscal year ended March 31, 2018.  You should review our risk factors in our SEC filings which are incorporated herein by reference.  Such forward‑looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward‑looking statement to reflect events or circumstances after the date of this release.

 

The Singing Machine Company, Inc. and Subsidiaries   CONDENSED CONSOLIDATED BALANCE SHEETS                 June 30, 2018  March 31, 2018   (Unaudited)    Assets   Current Assets      Cash $  117,767  $   813,908 Accounts receivable, net of allowances of $63,473 and       $82,102 respectively   1,213,105    1,066,839 Due from PNC Bank   -     6,212 Accounts receivable related party - Starlight Consumer Electronics USA, Inc.   7,054    7,054 Accounts receivable related party - Winglight Pacific, Ltd   293,651    1,150,104 Inventories, net   8,834,930    8,536,934 Prepaid expenses and other current assets   272,989    137,970 Deferred financing costs   13,333    13,333 Total Current Assets   10,752,829    11,732,354        Property and equipment, net   708,500    450,305 Deferred financing costs, net of current portion   13,333    16,667 Deferred tax assets    1,261,136    937,137 Other non-current assets   12,039    11,523 Total Assets$  12,747,837  $   13,147,986        Liabilities and Shareholders' Equity    Current Liabilities      Accounts payable$  1,687,655  $   1,614,748 Accrued expenses   765,035    701,932 Current portion of bank term note payable   625,000    500,000 Due to related party - Starlight Electronics Co., Ltd   306,480    210,756 Due to related party - Starlight R&D, Ltd.   112,359    113,116 Due to related party - Merrygain Holding Co., Ltd.   128,290    89,803 Revolving line of credit   1,089,822    -  Refunds due to customers   256,154    445,484 Reserve for sales returns   137,536    726,000 Current portion of capital leases   14,065    -  Current portion of subordinated related party debt - Starlight Marketing Development, Ltd.   815,367    689,792 Total Current Liabilities   5,937,763    5,091,631        Bank term note payable, net of current portion   -     125,000 Capital leases, net of current portion   27,167    -  Subordinated related party debt - Starlight Marketing Development, Ltd.,      net of current portion   -     125,575 Total Liabilities   5,964,930    5,342,206        Commitments and Contingencies             Shareholders' Equity       Preferred stock, $1.00 par value; 1,000,000 shares authorized; no       shares issued and outstanding   -     -  Common stock, Class A, $0.01 par value;  100,000 shares       authorized; no shares issued and outstanding   -     -  Common stock, Class B, $0.01 par value;  100,000,000 shares authorized;        8,282,028 shares issued and outstanding   382,820    382,820 Additional paid-in capital   19,635,341    19,624,063 Accumulated deficit   (13,235,254)   (12,201,103)Total Shareholders' Equity    6,782,907    7,805,780 Total Liabilities and Shareholders' Equity $  12,747,837  $   13,147,986        See notes to the condensed consolidated financial statements       

 

The Singing Machine Company, Inc. and Subsidiaries   CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS  (Unaudited)               For the Three Months Ended  June 30, 2018  June 30, 2017             Net Sales$  1,836,511  $  3,939,733       Cost of Goods Sold  1,445,028    2,860,584       Gross Profit  391,483    1,079,149       Operating Expenses     Selling expenses446,700    463,747 General and administrative expenses1,208,644    1,359,231 Depreciation  67,571    43,213 Total Operating Expenses1,722,915    1,866,191       Loss from Operations(1,331,432)   (787,042)      Other Expenses     Interest expense(23,385)   (283)Finance costs(3,334)   (21,606)Total Other Expenses(26,719)   (21,889)      Loss Before Income Tax Benefit(1,358,151)   (808,931)      Income Tax Benefit324,000    281,921       Net Loss$  (1,034,151) $  (527,010)      Loss per Common Share     Basic and Diluted$  (0.03) $  (0.01)      Weighted Average Common and Common      Equivalent Shares:     Basic and Diluted38,282,028    38,259,303       See notes to the condensed consolidated financial statements        

 

The Singing Machine Company, Inc. and Subsidiaries   CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS  (Unaudited)      For the Three Months Ended   June 30, 2018  June 30, 2017             Cash flows from operating activities     Net Loss$  (1,034,151) $  (527,010)Adjustments to reconcile net loss to net cash used in operating activities:     Depreciation   67,571    43,213 Amortization of deferred financing costs  3,334    21,606 Change in inventory reserve   (81,780)   (375,000)Change in allowance for bad debts  (18,629)   (6,028)Stock based compensation  11,278    55,237 Change in net deferred tax assets  (323,999)   (283,126)Changes in operating assets and liabilities:     Accounts receivable  (127,637)   (1,100,703)Due from PNC Bank  6,212    242,859 Accounts receivable - related parties  856,453    (557,647)Inventories  (216,216)   (2,651,450)Prepaid expenses and other current assets  (135,019)   (316,343)Other non-current assets  (516)   -  Accounts payable   72,907    3,140,580 Accrued expenses  63,103    99,956 Due to related parties  133,454    149,787 Refunds due to customers  (189,330)   69,715 Reserve for sales returns  (588,464)   (338,791)Net cash used in operating activities  (1,501,429)   (2,333,145)Cash flows from investing activities     Purchase of property and equipment  (282,240)   (185,336)Net cash used in investing activities  (282,240)   (185,336)Cash flows from financing activities     Net proceeds from revolving  line of credit   1,089,822    683,986 Net proceeds from bank term note  -     1,000,000 Payment of deferred financing costs  -     (40,000)Payment on subordinated debt - related party  -     (1,000,000)Payments on capital leases  (2,294)   -  Net cash provided by financing activities  1,087,528    643,986 Net change in cash   (696,141)   (1,874,495)      Cash at beginning of period  813,908    2,305,439 Cash at end of period$  117,767  $  430,944       Supplemental disclosures of cash flow information:     Cash paid for interest$  9,995  $  283 Cash paid for income taxes$ -   $  30,000 Equipment purchased under capital lease$  43,526  $-        See notes to the condensed consolidated financial statements        

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

Fri, 10/08/2018 - 18:30

Fort Lauderdale, FL, Aug. 10, 2018 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc.  (“Singing Machine” or the “Company”) (OTCQX: SMDM) -- the North American leader in consumer karaoke products -- today announced that its earnings for its first quarter ended June 30, 2018 will be released the morning of Tuesday, August 14, 2018. That same day, Management will host a conference call at 10:00 am Eastern time to discuss the financial results and provide a business update.  

Conference Call Details:

Date: Tuesday, August 14, 2018

Time: 10 a.m. ET

Dial-in number: (866) 831-8713

Conference ID: SMDM  

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

About The Singing Machine

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

Investor Relations Contact:

Brendan Hopkins

(407) 645-5295

investors@singingmachine.com

www.singingmachine.com

www.singingmachine.com/investors

Forward-Looking Statements

This press release contains forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward‑looking statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management and include, but are not limited to statements about our financial statements for the fiscal year ended March 31, 2018.  You should review our risk factors in our SEC filings which are incorporated herein by reference.  Such forward‑looking statements speak only as of the date on which they are made and the company does not undertake any obligation to update any forward‑looking statement to reflect events or circumstances after the date of this release.

Get your Samsung Galaxy Note9 on Verizon and unlock unlimited creativity on the nation’s best network

Thu, 09/08/2018 - 21:30

NEW YORK, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Verizon is your destination for the Samsung Galaxy Note9 — the next-generation Galaxy smartphone designed to inspire, create and entertain. Available for preorder starting tomorrow, August 10, the Samsung Galaxy Note9 gives you the ultimate in speed and reliability when paired with Verizon’s 4G LTE. For a limited time, if you buy a 128 GB Galaxy Note9, get a free 128 GB Galaxy Note9, Galaxy S9 or S9+*.  Both devices require purchase on the Verizon device payment plan and one new line of service.    

Samsung is giving you more of what you love with the Galaxy Note9 by updating its groundbreaking S Pen, improving an already great camera and adding a powerful processor, stereo speakers and bigger screen. The Galaxy Note9 checks the boxes for everyone – be it the on-the-go business person, the entertainment connoisseur binging his or her favorite shows or the talented creator looking to make the next YouTube hit.

A mightier S Pen.

The Galaxy Note series is synonymous with the S Pen — a perfectly weighted stylus that allows you to easily write memos, doodle and navigate the phone. This year, Samsung sets the bar higher with the most advanced S Pen, now with Bluetooth Low-Energy connectivity, for a richer, hands-free experience by adding remote-control capabilities, allowing you to control your camera lens, switch PowerPoint slides, change music tracks and more with the click of your Pen.

Shoot for perfection.

For the photographer, videographer and creator, Galaxy Note9 builds upon Samsung’s legacy of building brilliant cameras. It takes photos in any light using a Dual-Aperture lens that adjusts like the human eye**. Also, the Scene Optimizer and Flaw Detection features instantly optimize photos to highlight what you’re shooting, and it catches blinks, lens smudges and image blur before you click the shutter.

Ultimate entertainment.

The Galaxy Note9 was made for everyone that loves entertainment. Its 6.4” Super AMOLED Infinity display is the largest screen on any Galaxy smartphone, giving you more than enough room to binge your favorite videos over America’s largest and most reliable 4G LTE network. Not to be outdone, this is the first Galaxy Note to feature stereo speakers for a more immersive experience. The Galaxy Note9 blankets gamers, audiophiles and movie fans in sound thanks to four speakers tuned by AKG and immersive audio and support for Dolby Atmos®. And with a large, 4000 mAh battery, you can be sure that your phone will keep up, no matter how much you stream***.

More additions to the Samsung Galaxy family.

Verizon will also carry a lineup of new accessories for the Galaxy Note9, including the new Samsung Galaxy Watch. Additionally, two wireless chargers will be available soon – Samsung Wireless Charging Duo to conveniently charge multiple devices on one charger, and the Samsung Wireless Charger Pad with a built in fan and vents for more efficient Fast Charging. A variety of fashionable and protective phone cases will also be available from OtterBox, Tech21, Incipio, Speck, kate spade new york, Lifeproof, Case-Mate and others.

In addition to the Galaxy Note9, Verizon will also carry two new tablets beginning August 10, so you can get the tech you want on the network you deserve:

  • Samsung Galaxy Tab S4: Samsung updated its flagship tablet with a 10.5” widescreen display, S Pen capabilities, enhanced surround sound speakers, a long-lasting battery and 13mp rear and 5mp front-facing cameras. The Galaxy Tab S4 will be $30.41 a month for 24 months on Verizon device payment ($729.99 retail; 0% APR).
  • Samsung Galaxy Tab A (8”): Samsung’s budget-friendly 8” tablet is perfect as a second-screen for your office, a safe and engaging learning tool for your kids and a comfortable, lightweight tablet for watching movies in bed or on the go. The Galaxy Tab A (8”) will be $10.41 a month for 24 months on Verizon device payment ($249.99 retail; 0% APR).

Promos and availability.

Get the most out of your Samsung Galaxy Note9 with Verizon, the nation's largest and most reliable 4G LTE network. In addition to the buy one get one deal, Verizon is also offering a bonus reward of $10 off Samsung accessories for Verizon Up members with an active Samsung smartphone on their account. Finally, if you preorder a Samsung Galaxy Note9 through August 23 Samsung is offering your choice of a pair of AKG noise-cancelling headphones ($299 retail value) or the unique Fortnite Galaxy skin with 15,000 V-bucks ($150 retail value), for free—or get both for $99****.

The Samsung Galaxy Note9 will be available for preorder on Verizon on 8/10 in Ocean Blue and Lavender Purple. The 128 GB model will be $41.66 a month for 24 months on Verizon device payment ($999.99 retail; 0% APR) and the 512 GB model will be $52.08 a month for 24 months on Verizon device payment ($1,249.99 retail; 0% APR).For more information about the Samsung Galaxy Note9, visit verizonwireless.com/smartphones/samsung-galaxy-note-9/.

*Up to $999.99 device payment purchase req’d per phone. 2nd phone of equal or lesser value: Less up to $999.99 promo credit applied to account over 24 mos. w/in 1-2 billing cycles; promo credit ends when balance paid or line terminated/transferred; 0% APR.  New line of service req’d.

**The Dual Aperture supports F1.5 mode and F2.4 mode. Dual Aperture is installed on the rear wide-camera.

***Based on average battery life under typical usage conditions. Average expected performance based on typical use. Actual battery life depends on factors such as network, features selected, frequency of calls, and voice, data, and other application-usage patterns. Results may vary.

****From 8/10/18 – 8/23/18 (“Purchase Period”), purchase a Samsung Galaxy Note9 phone on a device plan, 2-year contract plan, lease, or outright purchase at full retail price (“Qualifying Purchase”) and choose 1) a pair of AKG noise cancellation headphones (est. value $299); 2) a “Game Bundle” (est. value $150); or 3) a “Bundle” that includes both AKG noise cancellation headphones and the Game Bundle for $99 (est. value $449) (each a “Gift”). Only available while supplies last. By 9/13/18, using your Qualifying Purchase device, follow instructions on the Shop Samsung app (“App”) to submit required info and choose Gift. Gifts mailed apprx 6-8 weeks after verification of Qualifying Purchase. Visit www.samsung.com/us/promotions for more information. While supplies last.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, generated $126 billion in 2017 revenues. The company operates America’s most reliable wireless network and the nation’s premier all-fiber network, and delivers integrated solutions to businesses worldwide. Its Oath subsidiary reaches people around the world with a dynamic house of media and technology brands.

VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
George L. Koroneos
908.559.3545
george.koroneos@verizon.com
Twitter: @glkcreative

 

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