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Contains the last 10 releases
Updated: 7 hours 44 min ago

Stingray Announces Election of Directors

Thu, 09/08/2018 - 02:14

MONTREAL, Aug. 08, 2018 (GLOBE NEWSWIRE) -- In accordance with the TSX Company Manual, Stingray Digital Group Inc. (TSX:RAY.A) (TSX:RAY.B) (the “Corporation”) is issuing this news release to disclose the voting results for the election of directors at its Annual and Special Meeting of Shareholders held earlier today in Montreal.

Each of the following nine (9) nominees proposed by the Corporation was duly elected as director of the Corporation by the shareholders present or represented by proxy at the meeting. The results of the vote are as follows:

 ForWithheld Number%Number%Claudine Blondin191,446,81099.91%168,5970.09%Eric Boyko191,611,98799.99%3,4200.01%Jacques Parisien191,449,03399.91%166,3740.09%Mark Pathy191,444,90799.91%170,5000.09%David Purdy191,434,42799.91%180,9800.09%Gary S. Rich191,444,90799.91%170,5000.09%François-Charles Sirois191,447,78399.91%167,6240.09%Robert G. Steele191,434,42799.91%180,9800.09%Pascal Tremblay191,435,45399.91%179,9540.09%

About Stingray

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

For more detailed information, please contact:


Mathieu Péloquin

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

Stingray Reports First Quarter 2019 Results

Wed, 08/08/2018 - 16:30

Strong Growth in the U.S. market of 74%

First Quarter Highlights

  • Agreement to acquire Newfoundland Capital Corporation (TSX: NCC.A; NCC.B)
  • Acquisition of Novramedia Inc., subsequent to the quarter
  • Revenues increased 16.1% to $34.5 million
  • Recurring revenues(1) of $30.8 million or 89.4% of total revenues, an increase of 20.8%
  • Overall organic growth of 6.5% or 9.3% excluding non-recurring equipment and installation sales related to digital signage and impact of foreign exchange
  • Adjusted EBITDA(2) up 21.9% to $11.2 million
  • Net income increased to $1.3 million or $0.02 per share (diluted) compared to $0.3 million or $0.01 per share (diluted) last year
  • Adjusted Net income(3) up 3.4% to $5.9 million or $0.10 per share (diluted) compared to last year
  • Cash flow from operating activities increased to $6.9 million
  • Adjusted free cash flow(4) of $6.2 million, a decrease of 14.4% mainly related to higher capital expenditures due to non-recurring leasehold improvements
  • Increased quarterly dividend by 20.0% to $0.06 per share compared to last year
  • Subscription video on demand (“SVOD”) subscribers down to 322,000 in first quarter, but revenues remained stable versus Q4 2018 due to increase in ARPU (average revenue per user)

Montreal, Aug. 08, 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 first quarter ended June 30, 2018.

Financial Highlights
(in thousands of dollars, except per unit data)Quarters ended June 30,(in thousands of dollars, except per share data) 20182017%Revenues  34,456 29,670  16.1 Recurring revenues(1)  30,796 25,502  20.8 Adjusted EBITDA(2)  11,179 9,169  21.9 Net income  1,346 280  380.7   Per share – diluted ($)  0.02 0.01  100.0 Adjusted Net income(3)  5,898 5,703  3.4   Per share – diluted ($)  0.10 0.11  (9.1)Cash flow from operating activities  6,919 (589) - Adjusted free cash flow(4)  6,198 7,240  (14.4)
  1. 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.
  2. 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.
  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.

“We are pleased with our results for the quarter in light of organic growth of 7% and the expansion of our Adjusted EBITDA margin which translated into Adjusted EBITDA growth of 22% year-over-year. Furthermore, revenues from outside of Canada reached 60% for the quarter fuelled by very solid growth in the U.S., reflecting the contribution of SVOD and the acquisition of Qello Concerts, as well as continued growth in Other countries,” said Eric Boyko, President, CEO, and Co-Founder of Stingray.

“At the end of June, we moved another step closer to our transformative acquisition of Newfoundland Capital Corporation (“NCC”). The Competition Bureau of Canada issued a favourable Advanced Ruling Certificate pursuant to section 102 of the Competition Act, the shareholders of NCC voted in favor of the transaction and we now anticipate a favourable decision by the Canadian Radio-Television and Telecommunications Commission (“CRTC”) in the coming months. Once completed, Stingray will become Canada’s largest public independent media company. Furthermore, NCC will provide robust free cash flow generation which is expected to support Stingray’s ambitious growth strategy and dividend policy,” concluded Mr. Boyko.   

First Quarter Results
Revenues increased 16.1% to $34.5 million in the first quarter of 2019, compared to $29.7 million a year ago. The increase was primarily due to organic growth of SVOD, combined with the acquisitions of Qello Concerts, Satellite Music Australia PTY Ltd (SMA) and SBA Music PTY Ltd (SBA).

Recurring revenues were up 20.8% to $30.8 million in the first quarter over the same period last year and increased to 89.4% of total revenues for the quarter, compared to 86.0% of total revenues last year. For the quarter, Canadian revenues decreased 6.2% to $13.7 million (39.6% of total revenues) due to less equipment and installation sales related to digital signage, United States revenues increased 74.0% to $8.2 million (23.7% of total revenues), whereas revenues in Other countries increased by 21.1% to $12.6 million (36.7% of total revenues).

Music Broadcasting revenues increased 16.5% to $26.0 million, mainly due to organic growth related to SVOD, as well as the acquisition of Qello concerts. Commercial Music revenues rose 15.0% to $8.5 million, mainly due to the acquisition of SMA and SBA, partially offset by a decrease in equipment and installation sales related to digital signage.

Adjusted EBITDA for the first quarter increased to $11.2 million or 32.4% of revenues, compared to $9.2 million or 30.9% of revenues a year earlier. The 21.9% increase in Adjusted EBITDA was primarily due to organic growth related to SVOD and to the acquisitions realized in Fiscal 2018, partially offset by higher operating expenses related to international expansion.

For the first quarter, the Corporation reported a net income of $1.3 million, or $0.02 per share (diluted), compared to $0.3 million, or $0.01 per share (diluted) for the same period last year. The increase was mainly attributable to higher operating results and positive change in fair value of investments, partially offset by negative change in fair value of contingent consideration and higher depreciation of property and equipment.

Adjusted Net income was $5.9 million, or $0.10 per share (diluted), compared to $5.7 million, or $0.11 per share (diluted) a year ago, as higher operating results were partially offset by negative change in fair value of contingent consideration and higher depreciation of property and equipment.

Cash flow generated from operating activities increased to $6.9 million in the first quarter of 2019 from $0.6 million of cash used for operating activities a year earlier. Adjusted free cash flow decreased to $6.2 million, from $7.2 million for the same period a year ago. The decrease was mainly related to higher capital expenditures due to non-recurring leasehold improvements and foreign exchange loss, partially offset by higher Adjusted EBITDA.

As of June 30, 2018, the Corporation had cash and cash equivalents of $4.3 million and a revolving credit facility of $100 million, of which approximately $52.1 million was unused.

Declaration of Dividend
On August 7, 2018, the Corporation declared a dividend of $0.06 per subordinate voting share, variable subordinate voting share, multiple voting share and subscription receipts, an increase of 20.0% compared to the same quarter last year. The dividend will be payable on or around September 14, 2018, to shareholders on record as of August 31, 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 May 2, 2018, the Corporation announced that it had entered into a definitive agreement with Newfoundland Capital Corporation Limited (“NCC”) pursuant to which the Corporation will acquire all of NCC’s issued and outstanding shares (NCC Shares) for $14.75 per NCC share, representing a total consideration of approximately $505.3 million. Completion of the acquisition, expected to occur in the coming months but no later than May 2, 2019, is subject to, and conditional upon, the receipt of all necessary approvals, including approval of CRTC and securing necessary funding.

Following the agreement to purchase NCC, the Corporation completed a subscription receipt offering and issued from treasury 7,981,000 subscription receipts of the Corporation (the “Public Subscription Receipts”), on a bought deal basis, at a price of $10.40 per Public Subscription Receipts for gross proceeds of $83.0 million and net proceeds of $79.7 million. Concurrently with the closing of the public offering, the Corporation has issued from treasury 3,846,100 subscription receipts (the “Private Placement Subscription Receipts”) at a price of $10.40 per Private Placement Subscription Receipts for gross proceeds of $40.0 million. As a result of the public offering and concurrent private placement, a holder of multiple voting shares of the Corporation has exercised subscription rights attached to the multiple voting shares of the Corporation and consequently the Corporation issued from treasury 1,452,850 subscription receipts at a price of $10.40 for gross proceeds of $15.0 million.

On August 3, 2018, the Corporation announced that it has 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. The offer at a purchase price of US$120 million, which remains open for acceptance until August 31, 2018, has not yet been accepted and is currently under review by the unitholders. No assurance can be given that the offer, as presented, will be accepted by all or any of the unitholders.

On August 1, 2018, the Corporation announced that it has acquired Novramedia Inc., a Toronto-based leader in the design, development, and implementation of digital media solutions.

On May 14, 2018, the Corporation announced that it had been selected by Talpa Media, creator of The Voice, to develop, publish, and market worldwide the juggernaut of singing competitions’ new companion singing app. The Voice singing app will be launched worldwide in December 2018.

On May 29, 2018, the Corporation announced that it had reached a long-term agreement with Bell that renews and expands their longstanding relationship. Bell thus becomes the first Canadian operator that can offer its subscribers Stingray’s entire music and video services portfolio.

On June 19, 2018, the Corporation announced that it has acquired a minority stake in Nextologies Limited, an Ontario-based provider of technological solutions for broadcasters.

Annual Shareholders’ Meeting
The Corporation will hold its annual and special meeting of shareholders on Wednesday, August 8, 2018, at 11:00 AM (ET) at its Montreal headquarters located at 730 Wellington Street, in Montreal, Quebec.

Conference Call
The Corporation will hold a conference call to discuss these results on Wednesday, August 8, 2018, at 9:00 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: 8491245. This tape recording will be available until September 8, 2018.

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

(in thousands of Canadian dollars) Three-month period ended
June 30, 2018
Q1 2019 Three-month period ended
June 30, 2017
Q1 2018 Three-month period ended
March 31, 2018
Q4 2018 Net income 1,346  280  4,674  Net finance expense (income) 1,921  537  (378) Change in fair value of investments (497) 434  (421) Income tax expense (recovery) 489  464  (385) Depreciation and write-off of property and equipment 1,169  621  1,019  Amortization of intangible assets 4,587  4,541  4,594  Share-based compensation 175  194  473  Restricted, performance and deferred share unit expense 367  313  780  Acquisition, legal fees, restructuring and other various costs  

1,622   

1,785   

1,396  Adjusted EBITDA 11,179  9,169  11,752  Net finance expense (income) (1,921) (537) 378  Income tax expense (recovery) (489) (464) 385  Depreciation of property and equipment and write-off (1,169) (621) (1,019) 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 fees, restructuring and other various costs (1,702) (1,844) (1,764) Adjusted Net income 5,898  5,703  9,732    

Adjusted free cash flow reconciliation to Cash flow from operating activities

(in thousands of Canadian dollars) Three-month period ended
June 30, 2018
Q1 2019  Three-month period ended
June 30, 2017
Q1 2018 Three-month period ended
March 31, 2018
Q4 2018  Cash flow from operating activities 6,919  (589) 10,675  Add / Less :         Acquisition of property and equipment
 (2,228
) (807
) (846
) Acquisition of intangible assets other than internally developed intangible assets (347) (404) (406) Addition to internally developed intangible assets (1,205) -  (1,166) Net change in non-cash operating working capital items 1,437  7,255  1,413  Acquisition, legal fees, restructuring and other various costs 1,622  1,785  1,396  Adjusted free cash flow 6,198  7,240  11,066            

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

Startup Utilizing Voice Technology Built On The Blockchain Will Impact Billions

Tue, 07/08/2018 - 22:03

Seattle, Aug. 07, 2018 (GLOBE NEWSWIRE) -- There are more than a billion voice assistant technology devices being utilized in homes, cars and businesses. Right now, voice as an operating system is still in its infancy and limited to simple tasks like ordering products, listening to music and setting reminders. It lacks the depth and dimension of AI displayed in futuristic shows like Netflix’s Black Mirror and Amazon’s Electric Dreams.

One company wants to accelerate the AI (machine learning) component of smart voice technology from answering simple questions to executing complicated tasks. With their technology, someone struck with a business idea could purchase a domain, build a website, generate corresponding social media accounts, create a launch event and send invites to specific contacts...all using voice activated devices that execute these functions at the speed of thought.

To help facilitate this massive cultural and technological shift, Reflective Ventures is excited to announce a strategic partnership with WMVAI (pronounced WOM-vye). The Redding CA-based startup has a B2B SaaS platform suite that will automate content provisioning to podcasts, audiobooks, and social media sites as well as smart assistants like Amazon Alexa, Google Home, Microsoft Cortana, Apple Siri, and Samsung Bixby. Their roadmap includes building machine to machine (IoT) software integrating decentralized autonomous organization (DAO) technologies all powered by voice and blockchain.

The first version of the company’s software is live and serves as an automated solution for publishing directly to Amazon Alexa’s Flash Briefing. They are providing a service that no one else is offering by allowing content creators, that are early adopters, the ability to penetrate and dominate in this emerging market. Ian Utile, CEO of WMVAI says that “The next operating system is voice. Soon everyone in the global community will be heard.”

The company makes their clients relevant through teaching the A.I. machines how to interact with humans. The largest publishing companies can take all of their content and put it on Alexa TODAY. So, when people look for content around people like Gary Vaynerchuk, 5-Time NYT Bestselling Author, voice devices will source his content and provide an entirely new way to engage with him. WMVAI can build content into a voice audio skill that can query Alexa (or other smart assistants) for a quick and concise answer. Publishers can see an immediate return on investment by selling more product through Amazon.

CTO John Wiese whose previous FinTech company turned down an eight figure Google acquisition and brings three decades of experience to the company believes, “The tech convergence of voice assistants, AI/machine learning and the blockchain is very unique at this time in history.” As the public demands voice activated content, WMVAI will get their customers ahead of the curve by adding more dimension to the interactive skill set of AI.” Ryan Stickel, VP of Product says, “The integration of Voice and Blockchain will revolutionize speed of learning, expose misinformation, and coordinate our entire financial markets.”

Shahan Khoshafian, a Senior Associate at Reflective Ventures echoes similar sentiments, “The team at WMVAI has a very special vibe and chemistry, because they are all aligned on their mission and vision for the future. They believe that voice is going to play a major role in the way we interact and engage with the world around us. The technology partnership with RChain allows them to securely scale and push out their voice platform to all the major connected voice devices such as Alexa.”

The WMVAI team is a passionate group of serial entrepreneurs and industry experts with solid backgrounds in SaaS marketing, payment systems, big data, machine learning, mobile apps, custom software applications, and extensive experience in audio engineering.  Ryan Opfer, VP of Production believes that, “We are just beginning to see the unlocked potential of humanity's greatest power - the power of voice. Voice and blockchain technology are eliminating the barriers to information trapped behind a digital world. We will communicate our past and future stories in the most human way possible, through voice.”

Always the visionary, Ian is confident about the future, “WMVAI will succeed because of the executive team we have. We may pivot, but we have this incredible team that knows how to build products.” WMVAI intends to build on RChain’s testnet, and become part of the RChain ecosystem. John adds, “I believe Reflective is a perfect fit for WMVAI. RChain has the technology and is building a scalable foundation to take us where we need to go.”

Interested parties looking to be first to market with voice smart devices can contact Ian Utile by texting him at (831) five six six 9692. Ian would also like to invite you to attend their Voice Will #RUNtheFUTURE event happening at the Runway Innovation Hub inside of Twitter’s San Francisco HQ.

About WMVAI
WMVAI — standing for We Magnify Voice for Attention and Influence — is both the name and mission of this Redding CA-based startup. Their B2B SaaS platform suite automates content provisioning to podcasts, audiobooks, and social media sites as well as smart assistants like Amazon Alexa, Google Home, Microsoft Cortana, Apple Siri, and Samsung Bixby. Their roadmap includes building machine to machine (IoT) software integrating decentralized autonomous organization (DAO) technologies all powered by voice and blockchain. http://wmv.ai


About Reflective Ventures & RChain
Reflective Ventures is a privately held and operated investment fund seeded by the RChain Cooperative. It is committed to strategic partnerships and helps fund, incubate, and ultimately build the next generation of blockchain and dApps through RChain and its network. RChain is a new blockchain platform rooted in a formal model of concurrent and decentralized computation to produce a concurrent, compositional, and infinitely scalable blockchain.  https://www.reflectiveventures.io & https://rchain.coop


Attachments

CONTACT: Shahan Reflective Venture Partners info@reflectiveventures.io

Music to His Ears: Musician David Gellis Overcomes Hearing Loss with Signia Hearing Aids

Tue, 07/08/2018 - 21:30

Lead guitarist for Blood, Sweat and Tears wears Signia’s Pure Charge&Go Nx hearing aids to hear better—on and off the stage.

Piscataway, NJ, Aug. 07, 2018 (GLOBE NEWSWIRE) -- What happens when a lifetime around loud music damages your hearing? For David Gellis, decades of performing as lead guitarist of the band Blood, Sweat and Tears led to hearing loss, making it difficult to hear and perform.

While an experienced hearing aid wearer, Gellis would often remove his older devices when on stage because they didn’t provide the clarity of music he needed. However, new hearing aids from audiology technology leader Signia allow him to hear better, even when performing.

With Signia’s Pure® Charge&Go Nx hearing aids, Gellis has a pair of technologically advanced devices with programs to help him hear in all situations, whether performing or listening to music, or during conversations.

“Dave has a mild-to-severe hearing loss that’s worse in the higher frequencies, which is typical with noise exposure,” said Dr. Donna Szabo, Audiologist and owner of Innovative Hearing Solutions. “He needed something that would help him with the clarity of the music, so I fit him with the Signia Pure Charge&Go Nx. In the program, it has live music and recorded music settings, so he can benefit from them.”

Gellis, who shares his experiences with Signia hearing aids in a new video testimonial, said, “When they first turned them on, I felt foolish for putting it off for so long. At the same time, it was an absolute epiphany. It reminded me what birds sound like!”

See how Signia’s Pure Charge&Go hearing aids have changed David Gellis’ life at: https://youtu.be/HYWbsu8nAnw.

 

Contact for journalists:

Debra Ludgate, Phone: 732.529.3708; E-mail: debra.ludgate@signiausa.com

 

About the Sivantos Group

The business operations of the former Siemens AG hearing aid division have been combined into the Sivantos Group since early 2015. Sivantos can look back on almost 140 years of German engineering and countless global innovations. Today Sivantos is one of the leading hearing aid manufacturers worldwide. With its around 6,000 employees, the group recorded revenues of 967 million euros in the fiscal year 2016/2017 and an operating profit (Adj. EBITDA) of 238 million euros. Sivantos' international sales organization supplies hearing care specialists and sales partners in more than 120 countries. Particularly high value is placed on product development.  Sivantos aims to become the market leader in the coming years with its brands Signia, Siemens, Audio Service, Rexton, A&M, HearUSA and audibene. The owners of Sivantos are the anchor investors EQT along with the Strüngmann family as a co-investor.

Sivantos GmbH is a brand license holder of Siemens AG.

More information can be found at www.sivantos.com

Attachments

CONTACT: Debra Ludgate Sivantos, Inc. 732.529.3708 debra.ludgate@signiausa.com

TLD3 Closes Acquisition of Digital Legend

Tue, 07/08/2018 - 19:30

Enters $30B Wireless Audio Streaming and Music Social Networking Markets


BOCA RATON, FL, Aug. 07, 2018 (GLOBE NEWSWIRE) -- TLD3 Entertainment Group, Inc. (www.tldecorp.com) (OTC PINK: TLDE) is pleased to announce it has closed the acquisition of the assets of Digital Legend, a developer of leading edge wireless audio streaming devices and music social networking software.

Previously announced in November 2017, TLD3 (The Company) had entered into a Letter of Intent (LOI) with Digital Legend (www.digitalegends.com) to explore a possible acquisition of Digital Legend's MBox -- a wireless mobile audio streaming technology that provides 10x the sound quality at 30% of the cost of its nearest competitors like JVC, Sony, and Beats.

Since entering the LOI, Digital Legend has matured in its product development and will release the first of its consumer electronic mobile audio streaming products in 3rd QTR 2018

TLD3’ acquisition also includes Take It 2 The Next Level Technology (www.takeit2nextlevel.com), the originating developer of a music social networking application technology which is being developed by The Company.  Through this acquisition, TLD3 now owns and controls the global marketing and development rights to Mbox wireless audio streaming technology as well as Take It 2 The Next Level’s music social networking application.

The Wireless audio streaming market is estimated to grow to $33 billion a year by 2023. The online music streaming markets has now surpassed $10 billion annually.  Music discovery applications like Shazam have surpassed over one billion downloads and $1 billion in valuation. The Company’s initial products are powerful entrants in the wireless audio streaming, online music streaming and music discovery markets. Additionally, the music social networking application could revolutionize online payments for artists, producers and consumers. With the acquisition of Digital Legend’s assets and Take It 2 the Next Level Technology Inc., TLD3 Entertainment is uniquely positioned for growth in the newly emerging streaming entertainment markets.

About TLD3 Entertainment Group, Inc.

TLD3 Entertainment will remain the parent company, with a business strategy focused on creating, developing and marketing of innovative digital based   technologies. The Company plans to create and develop new products as well as acquiring complimentary businesses and technology. The Company will operate several subsidiaries and brand names. Take it 2 the Next Level Technology Inc. will now operate as the Company’s primary design and marketing arm; Digital Legend will remain as a company brand name for future products.

About Take It 2 the Next Level Technology. (www.takeit2nextlevel.com)

Take It 2 the Next Level Technology Inc. is a New York, NY based designer and marketer of signature digital platforms for music, entertainment and social media markets. The Company currently has 2 products ready for commercialization, a music social networking application, and a Wi-Fi music streaming player. Take It 2 The Next Level Technology Inc. is a fully owned subsidiary of TLD3 Entertainment.

Clarification of Past Remarks

Digital Legend in a press release dated November 2017, released statements regarding blockchain, payments, rewards and cryptocurrency. While the Company has studied the feasibility of interrelated blockchain and crypto currency applications, currently Digital Legend operating today as part of the TLDE Corporation does not have any operating blockchain or crypto currency technology and or platforms. TLDE believes the regulatory environment regarding blockchain and cryptocurrency is currently too volatile and has decided to wait to develop blockchain and/or crypto currency related technologies only under known regulatory guidelines.

Forward-Looking Statements

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


CONTACT: CONTACT INFORMATION TLD3 Entertainment Group, Inc.  503-780-8725

NetworkNewsWire Releases Exclusive Audio Interview with WhereverTV Broadcasting Corp. (OTCQB: TVTV)

Tue, 07/08/2018 - 18:00

NEW YORK, Aug. 07, 2018 (GLOBE NEWSWIRE) -- via NetworkNewsAudio - NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) Solution that delivers clients unparalleled visibility, recognition and brand awareness in the investment community, today announces the online availability of its interview with WhereverTV Broadcasting Corp. (OTCQB: TVTV), a client of NNW engaged in providing live-stream broadcast programming to consumers across multiple devices, geographies and languages.

The interview can be heard at http://nnw.fm/g62YG.

NNW’s Stuart Smith introduces WhereverTV’s CEO Edward D. Ciofani in an interview that reviews the company’s milestones, niche market, and next-generation television subscription services.

WhereverTV is carving a path in the over-the-top (“OTT”) television broadcast programming industry, which Ciofani says provides a cost-effective and economical way of transmitting content via any Internet-enabled device. He compares OTT to traditional broadcasting services using an analogy of driving from Florida to New York vs. boarding a plane. The end result is the same, but OTT is much quicker and more cost-efficient, and that's where industry leaders are headed.

Reports by Nielsen ratings confirm this trend, showing a steady decrease in traditional fixed-location consumption and rapid increase in the number of hours individuals spend viewing content on smart devices.

Many reports indicate that the OTT industry could exceed $20 billion over the next 5-10 years. As Ciofani explains, “terrestrial broadcasters [cable and satellite] are going to be losing subscribers” often referred to as "cord cutters,” a term for consumers shifting away from your typical terrestrial broadcasters and spending money on a lot of channels they don't watch.

Competing with the big wigs in the marketplace, Ciofani says WhereverTVs' advantage over their competitors, is their patented IPG OTT platform is designed to allow our customers to access our content across the globe based on content digital rights management agreements. WhereverTV is one of the few providers able to obtain content that, if given worldwide rights, would allow a subscriber base to watch its platform internationally.

WhereverTV has built a strong leadership team of individuals with track records of success across multiple industries, including expertise in business development, advertising, corporate governance and OTT content broadcasting. Management, through strategic ventures and partnerships, has revamped the platform to provide secure, sophisticated and comprehensive content delivery and has employed a dynamic marketing campaign.

WhereverTV also launched in Latin America in December 2017 and, in partnership with Google Chromecast, includes its name on streaming boxes across 200 stores. The efforts have reflected in a rapid increase of subscribers in the new market, roughly 25,000 since February 2018.

Moving forward, WhereverTV is focused on creating original content and deepening its expansion into the music industry. The company is working with several talented artists and A-listers, providing the opportunity to stay in front of a multi-million and growing fan base to ensure continued profitability and revenue growth.

Demonstrating its commitment to its success, WhereverTV is defending its '431 patent/Xfinity platform and recently filed patent infringement against Comcast Corporation to protect its valuable asset in the competitive and rapidly growing industry.

Read the full press release here: http://nnw.fm/os3CI

About WhereverTV Broadcasting Corporation

Founded in 2007, 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. WhereverTV provides an economically beneficial and completely versatile alternative to traditional cable and satellite services, with the added benefits of personalization and portability. Also known as Internet TV, WhereverTV delivers content, shows and events to Smart TVs and digital media receivers including: iPhone, iPad, Android Smartphone and Tablet PCs. The WhereverTV patented IPG platform enables subscribers to access licensed content from content providers from around the world. The customer viewing experiences are based on customer location (geo-targeting) and content/digital-rights management contracts. Apps are presently available for free with in app purchases for Apple TV, iOS phones and iPads in the Apple Store. WhereverTV is currently available for Android Phones and tablets in the Google Play Store. WhereverTV is also available on Amazon Fire TV Stick. Samsung & LG Smart TV’s, Roku and DVR functionality to record shows and view later are presently in the works.

For more information, visit the company’s website at https://www.Wherever.TV.

About NetworkNewsAudio

NetworkNewsAudio (NNA) , a NetworkNewsWire (NNW) Solution, allows you to sit back and listen to market updates, CEO interviews and a Company AudioPressRelease (APR). These audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio (NNA) can assist your company by cutting through the overload of information in today's market, NNA brings its clients unparalleled visibility, recognition and brand awareness. NetworkNewsWire (NNW) is where news, content and information converge. NetworkNewsWire (NNW) is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public with an ever-growing distribution network of more than 5,000 key syndication outlets across the nation.

For more information, visit: www.NetworkNewsAudio.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer.

Forward-Looking Statements

This 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

Corporate Communications Contact:

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com 
212.418.1217 Office 
Editor@NetworkNewsWire.com

Transactions in relation to share buyback program

Tue, 07/08/2018 - 13:57

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 July 31, 2018 – August 6, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  July 31, 201820,000304.336,086,688  August 1, 201820,000309.446,188,844  August 2, 201815,000310.874,663,005  August 3, 201815,000316.124,741,851  August 6, 201810,140316.363,207,870Accumulated under the program1,392,073271.00377,247,587

Following the above transactions GN holds a total of 12,143,556 own shares corresponding to a nominal value of DKK 48,574,224 and 8.3% 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

Edge Music Network Announces Record-Breaking First Half of 2018

Tue, 07/08/2018 - 00:02

Game-changing Video Syndication Platform Surges to over 35,000 Unique Users per Month Across all 50 United States and Expands its Number of New Artists

NEWPORT BEACH, Calif., Aug. 06, 2018 (GLOBE NEWSWIRE) -- Edge Music Network (EMN), a music video streaming service delivering on-demand video content through a powerful syndication platform, is proud to announce a record-breaking first half of 2018. The company expanded its user base to over 35,000 per month nationwide compared to 1,500 users per month in 2017. EMN’s latest advances enable users to interact, book a band, watch live performances, follow artists on their official social media channels and connect through the platform’s chat capability.

“We had a stellar start to 2018 and the momentum continues to build,” says CEO Elizabeth Vargas, the industry veteran and powerhouse who founded EMN in 2011. “Our community of global citizens is rapidly growing and it’s exciting to see that so many people around the world believe in the universal and transformative power of music. The platform exists as much to help artists extend their reach and realize lucrative monetization opportunities, as it does to serve as a catalyst for change. Our ongoing growth, investor interest and renowned partnerships are just the beginning of EMN’s journey to fulfill its mission of making the world a better place."

In summary, Edge Music Network hit the following milestones during the first half of 2018:

  • Grew user base by 2,233 percent.
  • Reached new users in all 50 states
  • Doubled new artist sign-ups to nearly 40 a month
  • Delivered a compelling new way for artists and musicians to connect with fans through the launch of its Artist Pages
  • Partnered with industry renowned digital distribution service MondoTunes to offer artists a full 360 distribution model for Mp4 as well as Mp3 music videos
  • Launched the Play It Forward feature to allow fans to support their favorite artist with monetary donations

On a mission to reinvent the way music is heard, viewed and shared, EMN is backed by industry giants such as John Paul DeJoria, VH1 Classic founder Eric Sherman, Aerosmith lead singer Steven Tyler, The Who lead singer Roger Daltrey, Queen drummer Roger Taylor.

“There’s no stopping us now,” added Vargas. “With unending growth in sight, we are more determined than ever to connect artists and fans with the music industry’s most cutting-edge platform to help bridge the gap between content creators, artists and music fans.”

EMN is available through the Apple iTunes Store and Google Play. For more information, visit www.edgemusic.com

ABOUT EDGE MUSIC NETWORK: Edge Music Network (EMN) is a music video streaming service delivering on-demand video content through a powerful syndication platform designed to enable a fair compensation structure ensuring artists get the royalties they deserve, and fans get uninterrupted access to the music they love—anytime, anywhere. With powerful search tools for discovering and streaming on demand, users can watch the latest music videos, concerts and events of the highest quality. The EMN mobile app unlocks premium content, allowing users to easily create, manage and share custom playlists and enjoy channels with music videos curated by EMN experts. The Edge Music Network dedicates a percentage of profits to charitable causes that feed the hungry, aid victims of natural disasters and support homeless veterans. Supported by an advisory board of renowned musicians and industry professionals, and in partnership with leading content creators, independent artists and marquee music labels like Universal, Capitol Records, Def Jam and Geffen—Edge Music Network is on a mission to reinvent how music is heard, viewed and shared. Edge Music Network delivers an unlimited, unrestricted and unbelievable audio and video experience—and unites people with the transformative power of music. For more information, follow Edge Music Network on FacebookInstagramTwitter and LinkedIn, and visit www.edgemusic.com.

MEDIA CONTACT: Leslie Licano, Beyond Fifteen Communications, Inc.
leslie@beyondfifteen.com | 949-733-8679 x 101

Stingray Digital Group Inc. Makes Bid for Music Choice

Fri, 03/08/2018 - 16:30

MONTREAL, Aug. 03, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (TSX: RAY. A; RAY. B.), a leading business-to-business multiplatform music and video solutions provider, today announced that it has 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.

The offer was presented to Music Choice’s management and communicated to each of the unitholders which include Charter Communications, Comcast, Cox Communications, Sony Corporation of America, WarnerMedia, Arris, and Microsoft.

Stingray confirms a purchase price of US$120M and vendor-friendly terms and conditions (including limited representations, warranties, and indemnities) to facilitate and expedite acceptance of the offer, execution of definitive legal documentation, and consummation of the proposed transaction.

The offer, which remains open for acceptance until August 31, 2018, has not yet been accepted and is currently under review by the unitholders. No assurance can be given that the offer, as presented, will be accepted by all or any of the unitholders.

“We believe that our formal offer to purchase has strong merit and would bring a significant return on investment for Music Choice unitholders,” said Eric Boyko, President, Co-founder, and CEO of Stingray. “Music Choice would benefit greatly from joining forces with Stingray, given that we are well positioned to expand and build Music Choice’s product portfolio and distribution in the United States and around the world. We look forward to bringing this process to a positive conclusion for the benefit Music Choice unitholders and all stakeholders."

About Stingray

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

Forward-Looking Information

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

For more information, please contact:

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

Nasdaq Welcomes Sonos, Inc. (Nasdaq: SONO) to The Nasdaq Stock Market

Fri, 03/08/2018 - 02:57

NEW YORK, Aug. 02, 2018 (GLOBE NEWSWIRE) --

Sonos, Inc. (Nasdaq: SONO), maker of the easy-to-use multi-room wireless home sound system, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.

Sonos debuted the world’s first wireless multi-room home sound system in 2005 and has been a leading innovator in wireless home audio since its founding in 2002. Each thoughtfully designed speaker and component that makes up the Sonos system is built on a software platform that gets better over time and helps the world listen better by giving people access to the content they love, from the services they want. As a result, Sonos homes listen to an average of 80% more music, and a remarkable 93% of units ever shipped are still receiving software updates.

Sonos products are distributed in over 50 countries, with 100 streaming services available globally. Sonos continues to build for the long term, designing for the way customers live while prioritizing amazing sound. Sonos is changing the way people listen to music – one home at a time.

“We’re honored to join the Nasdaq family as we build a future where sonic culture is at the forefront,” said Patrick Spence, Chief Executive Officer, Sonos, Inc. “Sonos has spent the last 16 years building a high-quality easy-to-use wireless sound system designed to work with all of the streaming services, voice assistants, and smart home companies that those who care about great sound want in their lives. Today is an exciting milestone as we work to help the world live better through better listening.”

“In nearly two decades, Sonos has become a category leader in easy-to-use wireless home audio with more than 19 million products registered in 6.9 million homes around the world,” said Nelson Griggs, President, Nasdaq Stock Exchange. “We are thrilled to welcome Sonos to join our family of visionaries and look forward to forging a great partnership with such a revered company.”

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: http://business.nasdaq.com

Media Relations Contact:  

 

- NDAQG -

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/67087daa-d3c0-4431-a4c0-6b12d83ba3af

Verizon and Motorola unveil the world’s first 5G-upgradable smartphone – moto z³

Fri, 03/08/2018 - 01:00

CHICAGO, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Today, Verizon and Motorola revealed the moto z3 and 5G moto mod, are coming exclusively to Verizon. The new moto z3 is the first 5G-upgradeable smartphone, which will let you tap into Verizon’s 5G network by simply snapping on the 5G moto mod*.

“5G will change the ways we live, work, learn and play,” said Nicola Palmer, Verizon’s chief network engineer and head of wireless networks. “It will touch nearly every industry sector, impact our economy in a profound way and dramatically improve our global society.”

Verizon: First to 5G.

Verizon will be first to launch 5G residential broadband service in four markets in the U.S. – including Houston, Los Angeles, Sacramento and one additional city, to be named – in the second half of 2018, followed by a mobile 5G solution in 2019. The moto z3 with 5G moto mod will take full advantage of Verizon’s mobile 5G service over millimeter wave spectrum for massive bandwidth, ultra-high speeds and single-digit millisecond latency. 5G will improve the experience for all types of gaming, virtual and augmented reality applications, and for anyone that needs real-time speeds for work and play.

“Verizon is the definitive leader in the development and deployment of 5G. Our consistent and relentless focus on always delivering the best 4G network is the perfect foundation to bring 5G to market,” continued Palmer. “As we like to say, we don’t wait for the future, we build it.”

Introducing moto z3.

The moto z3 also includes all the features you love about the Motorola z-series, including all-day battery life** with TurboPower™ charging**, dual 12-MP, depth-sensing smart cameras that work with Google Lens and a nearly borderless 6” Super AMOLED display, so you can see more and scroll less.

The moto z3 also works with all your existing family of moto mods, so you can transform your Motorola smartphone into the perfect mobile entertainment system. For a limited time, if you purchase a moto z3, you can get any moto mod over $100 for only $50. Make every night movie night with the Insta-Share Projector, shoot detailed 360° Ultra HD video with 3D audio with the Moto 360 Camera, instantly turn up the music with the Smart Speaker with Amazon Alexa moto mod, and more. Whatever your passion, there’s a moto mod for you***.

Pricing and availability

The moto z3 will be available in the U.S. exclusively through Verizon starting on August 16 at $20 a month for 24 months on Verizon’s device payment plan ($480 retail; 0% APR). To make it easier to move to 5G once the network becomes available next year, we’re offering up to $300 off a new moto z3 on our device payment plan when you switch to Verizon and trade-in your old phone****.

Pricing and availability for the 5G moto mod will be announced later this year. For more information, visit verizonwireless.com/smartphones/moto-z3/.

*5G connectivity available with 5G moto mod (sold separately, expected availability early 2019), and 5G network coverage (expected availability 2019 and expanding after that. Visit verizon.com/about/our-company/5g for details).

**All battery life claims are approximate and based on a mixed use profile (which includes both usage and standby time) under optimal network conditions. Actual battery performance will vary and depends on many factors including signal strength, network and device settings, temperature, battery condition, and usage patterns.

***moto mods sold separately.

****Up to $480.00 device payment purchase req’d. Up to $300 trade-in/promo credit applied to account over 24 mos.; promo credit ends when balance paid or line terminated; 0% APR. Eligible trade-in must be in good working & cosmetic condition.

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 Koroneos
908.559.3545
george.koroneos@verizon.com
Twitter: @glkcreative

Stingray Grows its Digital Media Solutions Offering with the Acquisition of Novramedia, Inc.

Thu, 02/08/2018 - 02:05

MONTREAL, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Stingray’s commercial services division, Stingray Business, is poised to expand its activities with the acquisition of Novramedia, a Toronto-based leader in the design, development, and implementation of digital media solutions.

Founded in 2006, Novramedia manufactures and develops its own software and hardware for a variety of digital media solutions. Novramedia also employs a talented in-house creative and content development team resulting in a turnkey digital media solution. The company serves clients in a range of industries including the finance, retail, hospitality, and healthcare sectors. 

This strategic acquisition supports Stingray’s business plan and growth strategy by further consolidating Stingray Business’ solid foothold in Canada. Under the terms of the acquisition agreement, Stingray will fully own and operate Novramedia with the continued direction of the company’s current seasoned leadership team.

Stingray Business, already a leader in the in-store media industry with clients in 78,000 locations, has been on a growth streak in the past year. In 2017, it signed its largest contract to date with Mexico’s Farmacias del Ahorro and entered the Australian market with the acquisitions of SBA Music and SMA Entertainment.

Quotes:

“Improving the in-store customer experience at every level is at the core of Stingray Business’ mission,” explained Eric Boyko, President, Co-founder, and CEO of Stingray. “The acquisition of Novramedia adds an important building block to our offering while adding some of the biggest names in Canadian business to our client portfolio. I look forward to working with our new colleagues and clients who will benefit from the expertise we have accrued in Canada, Mexico, and Australia. I am confident that with the continued support of Novramedia’s seasoned leadership team, we will reaffirm Stingray Business as the leading provider of state-of-the-art digital media solutions.”

“Joining the Stingray family is a great step forward for Novramedia,” said Hermes Iordanous, President, and CEO of Novramedia. “Stingray’s proven expertise combined with our know-how and client base bode very well for the future of our combined business. Our shared mission of providing commercial clients with turnkey digital media solutions, and unmatched drive to improve the customer experience in any setting, make this joining of forces a perfect match.”

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

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

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

YANGAROO Awards and the Hollywood Foreign Press Association Renew Multi-Year Agreement for the Golden Globe® Awards Online Entry Process

Wed, 01/08/2018 - 21:11

TORONTO, Aug. 01, 2018 (GLOBE NEWSWIRE) -- YANGAROO Inc. (TSX-V: YOO, OTCBB: YOOIF), the industry’s leading secure digital media management and distribution company, today announced the signing of a renewal with the Hollywood Foreign Press Association (HFPA), the organization behind the Golden Globe® Awards. With options, the term of the renewal is 3 years. YANGAROO will continue to provide its digital awards management platform, which is powered by the company’s patented Digital Media Distribution System (DMDS), a platform that streamlines every aspect of awards show management. The Golden Globe Awards are presented annually to recognize excellence in film and television.

YANGAROO was chosen by the HFPA in 2015 to provide the sole system for the Golden Globe motion picture and television award entries. This partnership with the HFPA collectively involved entries for English-language and foreign-language motion pictures and for television programming submitted for awards in 25 categories. YANGAROO provides, maintains and hosts a digital awards system for the association, allowing Golden Globe Awards applicants to submit their entry forms online. The system also allows for the secure uploading of films, television shows, digital media productions, trailers, photos and more, with content under consideration made available for online viewing or listening by Golden Globe Awards voters.

“The Hollywood Foreign Press Association is pleased to renew the agreement with YANGAROO, our trusted partner when it comes to the Golden Globe Awards online entry process,” said Meher Tatna, HFPA President. “They continue to provide an efficient and secure way for the work of studios, networks, and streaming platforms to easily reach our voters.”

“Our work with the HFPA has been integral to YANGAROO Awards leading the way in online awards management for the Entertainment industry, especially with the secure and user-friendly handling of rich media for awards consideration,” said Gary Moss, President and CEO, YANGAROO Inc. “We’re gratified that the HFPA has chosen to renew with us and look forward to contributing to the Golden Globe Awards annual celebration of excellence in motion picture and television.”

About The Hollywood Foreign Press Association:

The Hollywood Foreign Press Association (HFPA) was founded in 1943 as the Hollywood Foreign Correspondents Association (HFCA) by a group of entertainment journalists representing world media in Hollywood, who realized the need to unite and organize to gain the recognition and access to studios and talent accorded to the domestic press. All qualified journalists were accepted, with the bold goal of “Unity Without Discrimination of Religion or Race”. A year later, the HFCA created the Golden Globe Awards which, to this day, the entire membership selects, votes on and awards every year for outstanding achievements in motion pictures and television. This year marked the 75th anniversary of the Golden Globe Awards. Members of the HFPA represent 56 countries with a combined readership of 250 million in some of the world’s most respected publications. Each year, the organization holds the third most watched awards show on television, the Golden Globe® Awards, which has enabled the organization to donate more than $30 million to entertainment-related charities, scholarship programs and humanitarian efforts over the last 25 years. For more information, please visit www.GoldenGlobes.com and follow us on Twitter (@GoldenGlobes), Instagram (@GoldenGlobes), and Facebook (www.facebook.com/GoldenGlobes).

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

For Press Contacts:
The Hollywood Foreign Press Association / Golden Globe Awards
Michael Samonte / Alyssa Furnari
GoldenGlobes@SunshineSachs.com
323-822-9300

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.

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

Wed, 01/08/2018 - 18:00

Burlington, Mass., Aug. 01, 2018 (GLOBE NEWSWIRE) -- Avid® (NASDAQ:AVID), the leading technology provider of software tools and platforms that power media and entertainment, today announced that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Executive Vice President and Chief Financial Officer, will host a conference call on Thursday, August 9, 2018 at 5:00 p.m. ET to discuss the Company’s financial results for the second quarter of 2018.

  • The dial-in number is: 334-323-0522
  • The replay number is: 719-457-0820
  • The confirmation code and replay passcode is: 9816537

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

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

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

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

Ooma Announces Wireless Freedom in a Desk Phone: The New Ooma DP1 Can Be Placed Anywhere It’s Needed

Wed, 01/08/2018 - 17:30

SUNNYVALE, Calif., Aug. 01, 2018 (GLOBE NEWSWIRE) -- Ooma, Inc., a smart communications platform for businesses and consumers, today announced the Ooma DP1 Wireless Desk Phone for its Ooma Office business customers and Ooma Telo residential customers.  The DP1 is a fully featured two-line phone that can be placed wherever it’s needed without requiring a nearby phone jack.

The DP1 for Ooma Office (https://www.ooma.com/office/ooma-dp1-wireless-desk-phone/) or Ooma Telo (https://www.ooma.com/telo/wireless-home-phone/) pairs wirelessly with an Ooma base station using the Digital Enhanced Cordless Telecommunications (DECT 6.0) protocol for a reliable connection at a range of up to 150 feet.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b7c05630-0383-4585-b076-cbda3e92d8d9

“Whether in a business office, a store, or a home work space, Ooma customers have told us they want the flexibility to have phones wherever they’re needed,” said Dennis Peng, vice president of product management at Ooma. “The DP1 provides all the features of a high-end desk phone, yet can go anywhere there’s an electrical outlet, without having to worry about adding a phone jack or running a phone wire across the room. There’s no longer any need to choose between flexibility and functionality in a desk phone – now you can have both.”

The DP1’s long list of features includes:

  • Full two-line controls – place calls on hold and switch between calls
  • Call conferencing – combine separate calls on two lines into one three-way conference call
  • 32 programmable speed dials
  • Full-duplex speakerphone
  • Headset jack
  • Message waiting indicator light
  • Redial / Call logs
  • Battery back-up for 36 hours of stand-by time and 7 hours of call time
  • Ooma Office customers have one-touch access to advanced features such as company directory, music-on-hold, call transfer and send to voicemail
  • Ooma Telo customers have one-touch access to advanced features such as intercom, send to voicemail and do-not-disturb

Ooma Office (www.ooma.com/office/) gives small and mid-sized businesses a “big company” phone system with advanced features including a virtual receptionist, ring groups, virtual fax, audio conferencing and a mobile app for staying connected while on the road. The cloud-based Ooma Office platform requires no service contracts and works with a company’s existing analog phones and fax machines, as well as Ooma-provisioned IP phones.

Ooma Telo (www.ooma.com/telo/ provides unmatched voice quality in home phone service, with unlimited free domestic calling. Premium features include call blocking, call forwarding, and a second phone line and phone number. The Ooma Telo is also the gateway for the Ooma Home (www.ooma.com/home-security/) family of wireless security sensors.

Pricing and availability

The Ooma DP1 is available now from Ooma.com with a manufacturer’s suggested retail price of $89.99 ($109.99 in Canada) for Ooma Office (https://www.ooma.com/office/shop-business-phones) and Ooma Telo (https://www.ooma.com/telo/shop-home-phones/). The phone is also available now at Amazon.com, and is expected to be available soon from other select retailers.

About Ooma, Inc.

Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features that are flexible and scalable. For consumers, Ooma provides PureVoice HD voice quality, advanced functionality and integration with their mobile devices. Ooma’s groundbreaking home security solution delivers a full range of wireless security sensors and a smart video camera, putting consumers in charge of protecting their homes. Learn more at www.ooma.com.

Ooma, Ooma Office, Ooma Telo, PureVoice HD and the Ooma logo are trademarks of Ooma, Inc. All other company and product names may be trademarks of the respective companies with which they are associated. The detailed terms and conditions of Ooma's products, services, and support are fully set forth in the Terms and Conditions, available online under the "legal" tab on the bottom navigation bar of the Ooma Web site.

MEDIA CONTACT:
Mike Langberg at Ooma
mike.langberg@ooma.com
650-566-6693

INVESTOR CONTACT:
Matt Robison at Ooma
matt.robison@ooma.com
415-661-0470

Transactions in relation to share buyback program

Tue, 31/07/2018 - 14:02

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 July 24, 2018 – July 30, 2018:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK  July 24, 201815,000304.384,565,760  July 25, 201814,150304.754,312,211  July 26, 201813,660307.184,196,099  July 27, 201823,000309.177,110,922  July 30, 201827,500308.848,492,979Accumulated under the program1,311,933268.58352,359,329

Following the above transactions GN holds a total of 12,063,416 own shares corresponding to a nominal value of DKK 48,253,664 and 8.3% 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

REMINDER - Stingray Announces the Date of its Annual and Special Meeting of Shareholders for 2018 and the Release Date of its Financial Results for the First Quarter of Fiscal 2019

Mon, 30/07/2018 - 16:30

MONTREAL, July 30, 2018 (GLOBE NEWSWIRE) -- Stingray Digital Group Inc. (TSX:RAY.A) (TSX:RAY.B) will hold its Annual and Special Meeting of Shareholders on Wednesday, August 8, 2018 at 11:00 am (EDT) at its Montreal Headquarters (730 Wellington Street, Montreal, QC).

Just prior, the company will release its financial results for the first quarter of fiscal 2019 ended June 30, 2018, on Wednesday, August 8, 2018 before the market opens. Management will hold a conference call to discuss the financial results the same day at 9:00 a.m. (EDT)

Details of the Conference Call

Via the internet at www.stingray.com

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

Conference Call Rebroadcast

A rebroadcast of the conference call will be available until midnight, September 8, 2018, by dialing (800) 585-8367 or (416) 621-4642 and entering passcode 8491245.

About Stingray

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

Contact information:

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

Summit Semiconductor, Inc. Announces Pricing of Initial Public Offering of Common Stock

Fri, 27/07/2018 - 19:45

SAN FRANCISCO, July 27, 2018 (GLOBE NEWSWIRE) -- Summit Semiconductor, a technology company that delivers the wireless immersive sound experience with patented technology supporting the WiSA™ (Wireless Speaker and Audio) interoperability standard, announced the pricing of its initial public offering of 2,400,000 shares of its common stock at an initial offering price of $5.00 per share, for total gross proceeds of $12.0 million before deducting underwriting discounts and commissions and other offering expenses.  The shares of Summit Semiconductor’s common stock are expected to begin trading on the Nasdaq stock market under the symbol “WISA” on July 27, 2018.  All of the shares in the offering are being offered by Summit Semiconductor.  The offering closed on July 26, 2018, subject to customary closing conditions. 

Alexander Capital, LP and WallachBeth Capital LLC., Inc. are acting as co-lead managers for the offering.

Registration statements relating to these securities have been filed with the Securities and Exchange Commission and became effective on July 25, 2018. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to and describing the terms of the offering, when available, may be obtained from Alexander Capital, LP or WallachBeth Capital LLC Attention: Bari Latterman - blatterman@alexandercapitallp.com

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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, Beaverton, OR, Taiwan, China, Japan, and 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.

Contact Information: 

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

Stingray Qello’s Leading Catalog of Full-Length Performances, Concert Films, and Music Documentaries Now Available on Comcast’s X1 Platform

Fri, 27/07/2018 - 16:30

Stingray DJAZZ’s outstanding jazz collection of concerts, performances, and
documentaries is also available on X1

MONTREAL, July 27, 2018 (GLOBE NEWSWIRE) -- When temperatures rise, why not stay in and stay cool with great music performances that the whole family can enjoy? Just in time for summer, Stingray (TSX:RAY.A)(TSX:RAY.B), a leading multiplatform music and video services provider, announced that its online subscription video on demand services, Stingray Qello and Stingray DJAZZ, are now available over the Internet on Comcast’s Xfinity X1 platform. Xfinity X1 customers can subscribe to and access the services by saying “Stingray Qello” or “Stingray DJAZZ” into their X1 voice remote or by finding them within the networks section of Xfinity on Demand. From Brubeck to Bon Jovi, Stingray has something for everyone!

Stingray Qello

Stingray Qello delivers the ultimate concert video experience in the comfort of your home. Xfinity X1 customers can watch the world's largest collection of On-Demand full-length performances, concert films, and music documentaries.

With new concerts and collections added every week, X1 customers can have a front row seat to shows by Beyoncé, Queen, Sia, Imagine Dragons, Paul McCartney, Aerosmith, John Legend, Pink Floyd, Carlos Santana, Lady Gaga, Coldplay, Eric Clapton, Bon Jovi, The Rolling Stones, Carrie Underwood, and so many more. Stingray Qello can be added to X1 customers’ service for $7.99 per month.

Stingray DJAZZ

Xfinity X1 customers also can have access to Stingray DJAZZ’s world of jazz without limits or boundaries; from bebop to jazz fusion, reggae to funk and the blues, Stingray DJAZZ offers a unique selection of concerts, performances, rare documentaries, intimate portraits, behind-the-scenes footage, and exclusive interviews.

Stingray DJAZZ can be added to X1 customers’ service for $6.99 per month.

About Stingray

Stingray (TSX: RAY.A; RAY.B) is the world-leading provider of multiplatform music and video services, and digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, and more. Stingray’s services include audio television channels, premium television channels, 4K UHD television channels, karaoke products, digital signage, in-store music, music apps, and more. Geared towards individuals and businesses alike, Stingray reaches 400 million subscribers (or users) in 156 countries and its mobile apps have been downloaded over 100 million times. Stingray is headquartered in Montreal and currently has close to 350 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 

Craig McConnon Group to make DJ magic in castle ruins

Thu, 26/07/2018 - 12:29

Superb mediaeval setting for high end private gig sparks imagination

The Craig McConnon Group has reported that Craig McConnon recently locked a high end gig to be held at an ancient castle ruin dating back to the twelfth century. The venue is privately owned and the event is by invitation only with a few big names topping the guest list. Craig McConnon said he was privileged to be selected as the main DJ for the event, said to be a 21st birthday celebration for a celebrity client. “I'll be working with the client to find the right mix for the event,” says Craig McConnon. “It promises to be a fantastic afternoon and evening in a really stunning venue and I'm stoked to be selected for this premier event.”

Craig McConnon is no stranger to interesting venues, setting up a number of his own over the past few months. Regarded as a pioneer in venue design and kit arrangement, Craig McConnon is always on the lookout for new ideas and opportunities. “I really love coming out to places I've never worked before,” he says. “I've been to ancient ruins before but never actually had to do a live gig in one, so that's challenging, but it's made me think about this as something that could go further.”

The Craig McConnon Group has not committed to any further venue plans as Club Glacier is under development, following hot on the heels of two previous ground breaking venue launches, but rumour has it that Craig McConnon has had his imagination sparked after visiting the historic venue. “We know Craig and how he loves to keep moving forward and it's brought enormous success but we also have to keep an eye on his pace,” says a spokesman for the Craig McConnon Group. “Craig gets like a kid in a candy store when he comes across a new idea he wants to run with.”

Craig McConnon says he is inspired by the event venue and though it has caught his fancy, he's holding back on a new venue until the upcoming Club Glacier launch. “Club Glacier is a super complex project and I'm totally sure it's going to be a hit, so we really need to be putting all our energy into that venue before we set out on a new permanent home for the CMG,” he says. “But I'll be working carefully on this event just checking out how we make it work for the client and it will be great experience for something I'm pencilling in for a little later in the year.”

The Craig McConnon Group is well aware of the challenges of hosting an event at the ancient venue and is paying close attention not only to safety but to the preservation of the site itself. “Obviously it's a sensitive location and though it's privately owned we've got to take every care to leave no trace of the event,” says a company spokesman. “There's a lot of prep to do and we're looking at ways to set up and strike down with no negative impact whatsoever on the historic venue.”

Craig McConnon is working hard on the set for the event, living up to his name as a deep digger. “It's an interesting event because there's formal and fun happening at different times, so obviously we need a set and then quite few pieces in the box for mixing on the fly,” says Craig McConnon. “This is a super high end event so I'm sliding through some new transitions because I want to do something that really makes sparks fly but at the same time has a smooth and natural feel. I'm working back on my music theory to have those slides right not just in the sets but on the hop with requests and such.”

The Craig McConnon Group technicians are working hard on the sound and lighting systems as the acoustics in the venue will operate differently to a conventional club. “We've got to make sure that the audio output levels across the entire equalization spectrum are correct from song to song,” says a company spokesman. “If we don't get the technicalities right the transitions could clear the dance floor, and that's the last thing we need.”

Craig McConnon is known to be an audio engineer of note and his team has every confidence in his abilities to manage the mixer on the night. “I know we'll get it right,” says Craig McConnon. “We're all working on it and I have full confidence in my team to get the right stuff up there so we can make it work as a team effort. If we all do our bit, we'll crush this one and hopefully have a couple more like it ahead of us.”

About us:
Craig McConnon is a very well known DJ and music artist now based in London after many years of travelling and DJing across the world. He set up the Craig McConnon Group five years ago. Craig performs at multiple venues, including parties, weddings, corporate events, and much more. Craig has over 15 years’ experience in being a DJ and uses the very latest equipment to ensure your event runs as smoothly as possible. To get more information and make a booking with the Craig McConnon Group, you can contact him or his team via their website.

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