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Contains the last 10 releases
Updated: 1 week 9 hours ago

Transactions in relation to share buyback program

Tue, 13/11/2018 - 16:11

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

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

The following transactions have been made under the program in the period November 6, 2018 – November 12, 2018:

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

Following the above transactions GN holds a total of 12,750,357 own shares corresponding to a nominal value of DKK 51,001,428 and 8.8% of the total share capital and the total voting rights in the company. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

For further information, please contact:

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

Or

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


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


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

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

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

Attachments

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

Mon, 12/11/2018 - 19:30

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

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

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

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

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

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

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

Thu, 08/11/2018 - 19:30

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

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

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

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

About the Producers Guild of America:

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

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

About YANGAROO:

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

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

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

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

Cautionary Note Regarding Forward-looking Statements

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

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

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

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

Thu, 08/11/2018 - 19:30

Fort Lauderdale, FL, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- The Singing Machine Company, Inc.  (“Singing Machine” or the “Company”) (OTCQX: SMDM) -- the North American leader in consumer karaoke products -- today announced that its earnings for its second quarter ended September 30, 2018 will be released the morning of Wednesday, November 14, 2018. That same day, Management will host a conference call at 10:00 am Eastern time to discuss the financial results and provide a business update.  

Conference Call Details:

Date: Wednesday, November 14, 2018

Time: 10 a.m. EST 

Dial-in number: (877) 876-9174

Conference ID: SMDM  

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

About The Singing Machine

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

Forward-Looking Statements

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

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

Stingray Reports Second Quarter 2019 Results

Thu, 08/11/2018 - 03:35

Adjusted EBITDA(1) growth of over 20%

Second Quarter Highlights

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

MONTREAL, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (TSX: RAY.A; RAY.B) (the “Corporation”; “Stingray”), a leading business-to-business multi-platform music and in-store media solutions provider, today announced its financial results for the second quarter ended September 30, 2018.

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Declaration of Dividend
On November 7, 2018, the Corporation declared a dividend of $0.06 per subordinate voting share, variable subordinate voting share and multiple voting share. The dividend will be payable on or around December 14, 2018 to shareholders on record as of November 30, 2018.

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

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

Additional Business Highlights
On October 26, 2018, the Corporation announced the closing of the previously announced acquisition of Newfoundland Capital Corporation Limited, one of Canada's leading radio broadcasters with 101 licences (82 FM and 19 AM) across Canada.

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

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

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

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

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

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

Conference Call
The Corporation will hold a conference call to discuss these results on Thursday, November 8, 2018, at 10:00 AM (ET). Interested parties can join the call by dialing 647-788-4922 (Toronto) or 1-877-223-4471 (toll free). If you are unable to call at this time, you may access a tape recording of the conference call by dialing 416-621-4642 (Toronto) or 1-800-585-8367 (toll free) followed by access code: 2071249. This tape recording will be available until December 7, 2018.

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

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

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

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

Adjusted EBITDA and Adjusted Net income reconciliation to Net income

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

Adjusted free cash flow reconciliation to Cash flow from operating activities

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

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

Contact information:

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

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

Tue, 06/11/2018 - 19:34

Funcl W1 and Funcl AI make wireless headphones accessible to consumers

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

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

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

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

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

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

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

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

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

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

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

Transactions in relation to share buyback program

Tue, 06/11/2018 - 18:19

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

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

The following transactions have been made under the program in the period October 30, 2018 – November 5, 2018:

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

Following the above transactions GN holds a total of 12,685,925 own shares corresponding to a nominal value of DKK 50,743,700 and 8.7% of the total share capital and the total voting rights in the company. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

For further information, please contact:

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

Or

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


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


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

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

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

Attachments

Stingray Announces $25 Million Private Placement at a Price of $10.29 per Share

Tue, 06/11/2018 - 03:35

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

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

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

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

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

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

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

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

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

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

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

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

For more information, please contact:

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

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

Thu, 01/11/2018 - 20:06

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Wed, 31/10/2018 - 21:51

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

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

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

Financial guidance for 2018 and long term targets are unchanged.

For further information, please contact:

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

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


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

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

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

Attachment

Financial calendar 2019

Wed, 31/10/2018 - 14:58

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

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

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

For further information, please contact:

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

Or

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


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


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

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

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

Attachment

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

Tue, 30/10/2018 - 17:00

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

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

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

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

Hear Investor Ideas Podcasts on iTunes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

For a list of artificial intelligence stocks on Investorideas.com visit:
http://www.investorideas.com/TSS/stock_list.asp

About Investorideas.com - News that Inspires Big Investing Ideas https://www.investorideas.com/

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

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

Learn more about our podcast and article services and costs https://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894.  Global investors must adhere to regulations of each country.
Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Contact Investorideas.com
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Transactions in relation to share buyback program

Tue, 30/10/2018 - 15:55

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

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

The following transactions have been made under the program in the period October 23, 2018 – October 29, 2018:

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

Following the above transactions GN holds a total of 12,653,052 own shares corresponding to a nominal value of DKK 50,612,208 and 8.7% of the total share capital and the total voting rights in the company. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

For further information, please contact:

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

Or

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


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


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

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

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

Attachments

Loyola University New Orleans Launches Urban and Electronic Music Production Degree

Tue, 30/10/2018 - 01:30

One-of-a-Kind Undergraduate Degree Program Honors Culture, History, Music, and Industry Skills of Hip-Hop

New Orleans, Oct. 29, 2018 (GLOBE NEWSWIRE) --  Aspiring producers, studio engineers, rap artists, singers, and musicians can now hone essential professional music industry skills through a new Urban and Electronic Music Production undergraduate degree program launching at Loyola University New Orleans in Fall 2019. Taught within the university’s celebrated College of Music and Fine Arts, the bachelor of science degree is the first of its kind in the country and allows students to develop valuable and relevant skill sets in production and performance that translate widely to the ever-changing modern music industry, while mastering the latest technology in the university’s state-of-the-art recording studios and studying with industry professionals in Loyola’s acclaimed Music Industry Studies program.

“It’s been 45 years since the birth of hip-hop, so it’s exciting to finally see academia focusing on the genres at the forefront of modern American pop,” said Lovell “U-P” Cooper, a New Orleans-based and Grammy-award-winning hip-hop producer and Loyola faculty member. “The great thing about this degree is that we make sure that the students not only get involved in performance and being creative with their music, lyric-writing, and productions. We also focus on their business skills and their learning the true business side of the music industry, while giving them a deep understanding of the hip-hop world and its lifestyle, history, and culture.”

Cooper — who both teaches courses in urban music production and live hip-hop performance and runs the recording studios at Loyola — emphasized the immersion aspect of the program. To stay true to the art form, and to really learn how to produce urban and electronic music, students need a historical context and deep understanding of the culture, lifestyle and music-making of the hip-hop world. To succeed in the industry, they also need to be grounded in core business skills that prepare them for work in areas “from legal to management to A&R, intellectual property rights, and marketing.” And, they need musicianship.

Rooted in the Jesuit university’s celebrated liberal arts curriculum, the program offers two tracks, one based on production, the other on performance. Students will master a multitude of music production softwares, learn the intricacies of the studio, and develop a critical ear that proves priceless in the business. In addition to learning how to navigate the business side of the music industry and use leading studio technology, students will hone their musical craft by studying with professional rappers, singers, and producers while expanding their musical influences in classes that focus on songwriting, poetry, and the history of urban music.

Like the university’s Popular and Commercial Music degree program, the new Urban and Electronic Music Production degree program at Loyola combines music technology, music production, and audio recording classes with courses covering the practices of the modern music business, said Kate Duncan, who currently leads the “PopComm” program at Loyola. Through regular music industry forums, students hear from campus visitors ranging from studio executives to artists.

With its four professional recording studios and numerous production courses, the Music Industry Studies program has developed a national reputation as a cultivator of upcoming hip-hop talent. Recent graduates include chart-topping rap superstar G-Eazy (Gerald Gillum, 2011), and Billboard-featured hip-hop producer Christoph Andersson (2014), among others.

“Creative expression comes in many forms, but they all have one thing in common: self-expression creates rights that create businesses that create revenue. The economy of the imagination is a real thing - almost one third of the GDP of this country flows from the monetization of intellectual property. It creates jobs, commerce, and culture,” said John Snyder, chair of the Department of Film and Music Industry Studies.

For more information on the program, click here.

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Loyola University New Orleans is a Catholic, Jesuit university located in the heart of the picturesque Uptown neighborhood of New Orleans. For more than 100 years, Loyola has helped shape the lives of its students, as well as the history of the city and the world, through educating men and women in the Jesuit traditions of academic excellence and service to others. Loyola’s more than 40,000 graduates serve as catalysts for change in their communities as they exemplify the comprehensive, values-laden education received at Loyola.

 

 

 

CONTACT: Patricia M. Murret Loyola University New Orleans 5048615448 pmurret@loyno.edu

Major shareholder notification – Marathon Asset Management LLP

Mon, 29/10/2018 - 22:14

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

For further information, please contact:

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

Or

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


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


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

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

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

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

Mon, 29/10/2018 - 18:30

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

Listen to the podcast:

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

Hear Investor Ideas Podcasts on iTunes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

About DirectView Holdings, Inc.

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

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