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Aldi seek to redevelop site in Ardee
Aldi has introduced a "store marshal" and customer quotas as it begins a toy sale in stores on Thursday.
The discount supermarket is expecting bigger demand than normal for the 'Christmas Specialbuys' event due to the Level 5 restrictions on other toy stores.
The retailer said a dedicated store marshal has been assigned to each store to manage a ticketing system and ensure customer queues are orderly and social distancing is strictly observed.
Aldi also said it will be limiting customer purchases to one of certain toys on sale.
Aldi Group Managing Director, Niall O’Connor said: "The provision of a ticketing system will ensure as many shoppers as possible will get to avail of the offers and do so while shopping in a safe environment.”
“The safety of our staff and customers while in our stores is our number one priority and we continue to have in place several safety measures across our 144 stores.”
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This is where the U.S. finds itself right now. Most of us are still making compromises in daily life, severely limiting our social interactions. At the same time, many businesses are struggling, in part because they are only partly open. Limitations on the number of people who can enter a store or sit down at a restaurant allow for businesses to continue operating, but with less revenue. Yet, as they are open, governments justify easing up on safety nets meant to help them get through the pandemic. Consumers are still going out less and spending less than usual, and unemployment remains higher now than at any point since 2011.
But despite all these sacrifices, the U.S. also has nearly 40,000 new coronavirus cases a day, far more than many other industrialized countries. The virus continues spreading so widely and insidiously that some hot spots are impossible to discern while they can still be contained. A preliminary analysis of one August biker rally in Sturgis, South Dakota, for example, suggested that the gathering may have led to some 266,000 infections and at least $12 billion in health costs. Given limited data and testing, it’s difficult to know precisely. In much of the country, contact tracing is essentially used to construct maps after an outbreak. It is a palliative measure rather than a preventive strategy.
In an attempt to end the limbo, some experts have proposed that a “second shutdown”—for part or even all of the United States—could save money and lives. Though far from the only way forward, this would mean reattempting what we didn’t manage to do in the spring: Lockdowns that are precisely implemented and coordinated, in which nonessential businesses are closed and people are ordered to shelter in place. Instead, we had a patchwork of shutdowns determined by cities and states as they saw fit (or didn’t). A “second shutdown” would not mean that the entire country is under the same directives, but it would mean that everyone is operating from the same playbook.
As case counts once again creep up, a “second shutdown” might be the pandemic equivalent of calling tech support and describing an elaborate problem with your computer only to hear in response: Have you tried turning it off and turning it back on again? The goal would be to essentially wipe the slate (nearly) clean. Hypothetically, if everyone were truly, absolutely sheltered in place for several weeks, the case count would drop to zero. The closest real-world example would be China, or to a lesser extent, places like Germany, where shutdowns have led to major drops in caseloads.
The shutdown would end when we are able to implement widespread testing and tracing to contain cases before they turn into outbreaks. The value of such a measure is entirely contingent on the quality of the plan for how to emerge from it. The plan cannot be to hope that that virus goes away and then to simply go back to what we were doing before.


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Digital Assets: JPMorgan Launches In-House Bitcoin Fund For Private Banking Clients
CoinDesk broke the news earlier today.
JPMorgan Chase & Co. (NYSE: JPM), which is led by bitcoin-sceptic CEO Jamie Dimon, is now offering an in-house bitcoin fund to clients at its Private Banking unit, CoinDesk reported. The big-four US bank is said to have partnered with New York Digital Investment Group (NYDIG) for the fund.
CoinDesk was told by people familiar with the matter that the bank had informed advisers of the offering only yesterday, and the fund had no assets as yet. JPMorgan was said to be pitching its bitcoin fund as the safest and cheapest route available in the private markets to invest in bitcoin.
A source also hinted that the bank’s private bitcoin fund could later convert to a bitcoin ETF in the event the SEC started approving crypto ETFs.
Though CEO Dimon has on occasions been critical of bitcoin, of late he has acknowledged client interest in cryptos and said the bank would work to make them investible safely.
JPMorgan: Crypto adoption inevitable?
JPMorgan appears to have finally accepted that cryptos are here to stay and reworked its strategy accordingly. Meanwhile, large corporations are taking steps to offer crypto-related products and services to their customers.
PayPal (NASDAQ: PYPL) already allows its users to pay with cryptocurrencies.
Visa (NYSE: V) supports cards issued by organizations such as BlockFi and Salt Lending for paying with cryptos.
“We’re partnering with 50 of the leading crypto platforms on card programs that make it easy to convert and spend digital currency at 70 million merchants worldwide,” Visa said last month. “With more than $1 billion spent on crypto-linked Visa cards in the first half of 2021, it’s clear that the crypto community sees value in linking digital currencies to Visa’s global network.”
Earlier this week, NCR (NYSE: NCR), the software and device provider for payments with a market capitalization of $5.26 billion, announced its acquisition of Libertyx, America’s first and largest U.S. network of bitcoin ATMs, cashiers and kiosks with thousands of locations across 44 states nationwide.
Image of Jamie Dimon, CEO of JPMorgan Chase: Wikimedia
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DURHAM, N.C., Feb. 28, 2013 (GLOBE NEWSWIRE) -- EMRISE CORPORATION (OTCBB:EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that veteran engineering, product development and operations executive Martin Blake has been named Managing Director of Pascall Electronics, Ltd., a UK-based subsidiary that is part of the Company's Electronic Devices business segment.
Blake has spent more than 35 years in the global electronics market building a depth of engineering, operations, sales and marketing experience. He assumes the role of Managing Director of Pascall from Richard Weller, who has served in the dual capacity as Managing Director of both Pascall and Xcel Power Systems, Ltd. Blake reports to Richard Weller who remains Managing Director of Xcel.
"Martin is a seasoned managing director and he brings EMRISE proven leadership in the management of high technology product development and international experience in manufacturing and the formation of strategic alliances," said EMRISE Chief Executive Officer Carmine T. Oliva. "During his career, he has also worked with many of our most important customers in the U.S. and Europe, which will be particularly valuable to us.
"I would also like to commend Richard Weller for his important work as Managing Director of Xcel and Pascall," Oliva added. "Most importantly, Richard has managed to effectively and synergistically tie these two business units together, thereby helping us achieve the steady improvement in our operating performance that we enjoyed throughout 2012. Thanks to Martin's arrival, Richard now has the opportunity to devote more of his time to Xcel."
For the past two years, Blake has been a management consultant providing a variety of services in the areas of business strategy, risk management, and product/market analysis. Previously, Blake spent six years as Managing Director of Elma Electronics Ltd., the UK arm of the Switzerland-based Elma Group, where his primary role was developing Elma's UK operation and its custom engineering business in the Defense and Electronics markets.
From 2001-2004, Blake was Business Development Manager of UK-based Mektron Systems Ltd., now Elma-Mektron, where he led the company's commercial efforts with high-end industrial and aerospace/defense contractors. From 1998-2001, Blake was Chief Technical Officer/VP Engineering of APW Inc., a UK-based electronics products and services company.
Blake is a chartered engineer and member of the Institution of Engineering and Technology (IET). He earned a degree in Electrical and Electronics Engineering from the University of Bath.
About Pascall Electronics, Ltd.
Pascall designs and manufactures custom and standard power supplies and RF (radiofrequency) and microwave devices, systems and sub-systems. Pascall is internationally known for its high reliability cabin and electronics bay power supplies, especially for the IFE&C (In-flight Entertainment and Connectivity) market. Its custom-built, high-reliability power supplies and other electronic devices are also used in military applications for land- and sea-based guided weapons systems, unmanned aerial vehicles, tanks, fighting vehicles and avionics, as well as in applications for the commercial aviation, industrial, marine, space and transport markets.
About EMRISE Corporation
EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE electronic devices products perform key functions such as power supply and power conversion, and radio frequency (RF) and microwave signal processing. Its electronic devices and communications equipment products are used in a range of applications including on-board In-Flight Entertainment and Connectivity systems, and network access to public and private communications networks. EMRISE serves its base of customers in Europe, North America and Asia through operations in England, France and the United States. For more information, go to www.emrise.com.
EMRISE common stock trades under the symbol EMRI on OTCQB. Real-Time quotes and Level 2 information for EMRISE stock can be found at www.otcmarkets.com, or on the Company's website at http://www.emrise.com/investor_relations/stock_quote/index.htm.
Safe Harbor Statement under Private Securities Litigation Reform Act of 1995
With the exception of historical information, matters discussed in this press release, including without limitation EMRISE's belief that Martin Blake's previous work with many of the Company's most important customers in the U.S. and Europe will be particularly valuable to EMRISE, are forward-looking statements involving risks and uncertainties. Actual future results of EMRISE could differ from those statements. EMRISE also refers you to those factors contained in the "Risk Factors" Section of EMRISE's Annual Report on Form 10-K for the year ended December 31, 2011, its Quarterly Reports on Form 10-Q, Current Reports on Form 8-K filed recently, and other EMRISE SEC filings.


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Global Payout Inc. (OTCPink:GOHE) (“Global”) is pleased to announce that, MoneyTrac Technology, Inc. (“MTRAC”, the “Company”), of which Global is a significant shareholder (currently 18% ownership) announced today that the Company has joined the National Cannabis Industry Association (NCIA) as a sustaining member, their highest membership level. The NCIA is a membership association dedicated to both connecting organizations and building networks as well as serving as a critical advocate for responsible business practices and corporate accountability within the cannabis industry.
In the 17 years since the NCIA’s inception, they have built a large national network of organizations and industry professionals, and in 2017 experienced a 40% increase in membership enrollments placing them at over 1500 members nationwide. Their policy advocacy team has produced four white papers on cannabis legalization and have become a prominent and important voice in Congress for legitimate businesses operating throughout the industry. The membership provides MTRAC with an opportunity to network with other industry professionals, as well as support cannabis policy advocacy at all levels.
Said MTRAC CEO, Vanessa Luna: “NCIA truly represents one of the most important and valuable associations in our industry. Their hard work and advocacy over the past 17 years has played a pivotal role in helping to pave the way for the growth and continued legitimacy of this industry as well as in being a crucial resource to the thousands of businesses, such as MoneyTrac, who are committed to conducting business the right way, in an industry that remains highly scrutinized. As a sustaining member, I look forward to an opportunity to not only expand our network amongst other legitimate businesses, but for us to play an active role in advocating for the rights of all responsible businesses throughout our emerging industry.”
About Global Payout, Inc. (OTC Pink:GOHE)
Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.
About MoneyTrac Technology
MoneyTrac Technology, Inc. (MTRAC) is a “New Age Technology Holding Company” offering a full-service solution for alternative banking and electronic financial marketplace with technology offerings including Payment Platform, Blockchain, Crypto-Commodity Exchange, Compliance, POS, E-Wallet, Mobile Application and Digital Payment Solutions for businesses and companies in various “high-costs of banking” industries. MTRAC offers additional suites of services ranging from business development, sales and marketing, to digital and print advertisement. We are One Network disrupting the status quo. It is MTRAC’S creative vision to create a “The New Age of Currency” by bringing innovative technology solutions to various industries and providing the “Key to CashlessTM“.


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Nov 1, 2022
After 2022 FLIBS it’s evident boat sales are still thriving!
As we approach the end of 2022 and enter 2023, we can see from the high level of attendance at FLIBS that boat sales are on the rise. There is still a lot of interest in the market from people of all ages and first-time boat buyers. It’s great to see such a positive uptick after such a crazy few years following the pandemic and rebuilding the industry. Although boat sales are thriving, let’s take a closer look at some of the main causes of the increase and some potential growth inhibitors.
Good News for Boatbuilders
Due to supply chain issues, boatbuilders are finally catching up to their lengthy backorders. They are currently accepting new orders and developing new models to begin production. What does this have to do with the used boat market? People will want to upgrade their boats, which will flood the market with used boats. Market participants on both sides benefit.
Sustainability Was A Common Theme at FLIBS
Many exhibitors at the boat show chose a more environmentally friendly and waste-free display. It demonstrates that a large portion of the market is investing in products with low environmental impact. A potential increase in the purchase of electric boats over the next year is a very likely prediction.
Interest Rates On The Rise?
The concern of rising interest rates in the US economy has become a huge concern for those looking to finance a boat 30ft and below. Given that this segment accounts for more than 90% of the total US boating market, manufacturers competing in the space are closely monitoring ongoing interest rate adjustments by the US Federal Reserve.
Supply Chain Issues Still Exist
Boatbuilders and equipment manufacturers both gave conflicting information about the state of the supply chain, with some still experiencing slowdowns and others reporting varying degrees of progress in sourcing basic materials and components. Although there is no universal agreement on this, the fact that at least some areas are showing signs of improvement is encouraging for the boating industry as a whole.
Boat Sales Are Thriving
All of this is excellent news for the boating industry’s projected growth, to sum it up. We have been waiting for this uptick for a while. Looking forward to following changes in the boating industry in the coming year.


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Heineken acquires remaining stake in Lagunitas Brewing
Heineken International has bought full ownership of the Californian craft brewer Lagunitas Brewing Company.
The Dutch brewer acquired a 50% stake in Lagunitas two years ago and this week the Californian brewer’s founder, Tony Magee, said the company had made a decision “to connect Lagunitas completely with Heineken”.
As a result of the deal Magee is reported to be taking on a newly-created role as global craft director for Heineken, while Lagunitas ceo Maria Stipp will retain her role.
In a statement Heineken said that in order to maintain “the Lagunitas culture and free spirit”, the company will continue to operate as an independent entity within Heineken and will report to the Heineken Americas region.
Magee said: “We will look to develop meaningful craft strategies and work with Heineken’s companies around the world to develop and deploy craft – good craft brands in the Lagunitas model.” With reference to the move to sell to Heineken, he explained: “Some who don’t fully understand it all may say it is selling out. Truth is that we did then, and are now ‘buying in’. Money has value and equity has value too. I am using Laguitas’ equity to buy deeper into an organisation that will help us go farther more quickly than we could have on our own.”
In its statement, Heineken said since 2015, when it acquired the first 50%, Lagunitas has continued to outperform the US beer market, where craft beer now represents about 11% of volume sales. It said Lagunitas is the market leader in the IPA segment, the fastest growing sub-segment within craft in the US. Since 2015 Lagunitas has increased capacity at its Chicago brewery and - combined with its California brewery - it has the capacity to produce 1.5m barrels of beer each year. It is expected to open a third brewing plant next year.
Jean-Francois van Boxmeer, chairman of the executive board and ceo of Heineken, said: “Our partnership with Lagunitas has been a great success and today’s announcement marks the next stage of an exciting journey. We look forward to accelerating the roll-out of the Lagunitas brand to many more markets, and sharing Lagunitas craft beer with many more consumers around the world.”
The sale marks the latest in a wave of consolidations within the beer industry, particularly in the thriving US craft beer scene; last week it was announced that ABInBev had acquired Wicked Weed Brewing, based in Asheville, North Carolina. Over the past few years ABInBev has also added others to its craft beer portfolio, including Seattle’s Elysian Brewing, Bend, Oregon’s 10 Barrel Brewing, Virginia’s Devils Backbone Brewing and Colorado’s Breckenbridge Brewery. It also has Chicago’s Goose Island Beer Co, which it has recently been expanding into international markets, including the UK.


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Indonesia has been seeking to carve out a downstream industry based on its supplies of nickel laterite ore, which is used in lithium batteries
Southeast Asia's largest economy wants EV manufacturers and battery makers to create a downstream industry for its supplies of nickel laterite ore, which is used in lithium batteries
BP PLC - BP AND DIDI CHUXING AGREED TO FORM NEW JOINT VENTURE TO BUILD ELECTRIC VEHICLE CHARGING INFRASTRUCTURE IN CHINA
For the ambitious project helmed by Niti Aayog, India is seeking to take a leaf out of Tesla's books.
The Centre wants to support mass adoption of ecofriendly rides to tackle the toxic haze of air pollution over cities and towns.
For Magenta power, 2019 is going to be a year when a lot of the EV ecosystem will fall into place, be it infrastructure, battery optimisation or technology.
The recommendations of the officers committee is likely to be placed before the Council on July 25, officials said.
The company, which has been primarily into the solar power space for the last 10 years, is also in talks with global firms for partnering in its electric mobility venture.
Union road transport minister Nitin Gadkari has informed the Lok Sabha that UP has 1.39 lakh registered electric vehicles followed by nearly 75,600 in Delhi
The government has already moved the GST council to lower the GST rate on electric vehicles from 12% to 5%
Electric vehicle manufacturing is likely to get a boost from the full Budget 2019-20.
Electric vehicles hold enormous potential for India not only because it is environment friendly but also because India can emerge as a hub for EV manufacturing, generating employment and growth opportunities, the survey said
Existing norms mandate public charging stations to install both CCS & CHAdeMO charging platforms.
With this latest infusion, Ola Electric Mobility (OEM) has joined the list of unicorns in India that includes names like Flipkart, Zomato, Paytm as well as its parent, Ola.
The government is looking to put in place a framework for a mega battery manufacturing and charging infrastructure to push electric vehicles (EVs) in the country.
The first electric vehicle (EV) charging station in the state was opened at the Indian Oil Retail Outlet M/s United fuels at Edappally on Saturday.
Delhi Transport Minister Kailash Gahlot made an announcement in this regard on the occasion of inauguration of Urban Mobility Lab workshop to promote innovation in clean and sustainable mobility in Delhi


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Stroudsburg, PA (WHDH) — It seems like we always have our phones on us, even during meals.
So one restaurant in Pennsylvania is encouraging families to put down the phones at the dinner table by offering a discount to patrons who dine phone free.
The owner will give a 10 percent discount to families who keep their eyes off of their phones.
Patrons who took the challenge say they like the idea and wouldn’t mind more places advocating phone free meals.
(Copyright (c) 2019 Sunbeam Television. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)


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A few weeks after the Swoosh pulled StockX’s Fugazi card and accused them of selling them counterfeit Nikes and Jordans, StockX has announced that it laid off quite a few of its employees.
According to NiceKicks, StockX had to give the pink slip to roughly 8% of their workforce citing the spiraling economy as the primary reasons for the layoffs, not because they’re the ones who authenticated the alleged bootleg Nike sneakers. Employees that were given their walking papers stemmed from various departments such as marketing, customer service, operations, engineering, and editorial. You’d think one “authenticator” would’ve gotten the boot in the process (namely whoever authenticated the kicks sold to Nike), but whatever.
While that is an unfortunate turn of events fo the people who were laid off, StockX at least provided them with severance packages and will continue to allow them to collect health care benefits but only for an undisclosed period of time. In a statement addressing the layoffs, StockX blamed the “macroeconomic challenges currently impacting our global economy” as the primary reasons for the decision though we’re sure the damage their reputation took at the hands of Nike’s lawsuit certainly didn’t help.
What do y’all think? Is StockX ever going to be able to get back in the good graces of sneakerheads following such allegations of bubbling bootlegs? Let us know in the comment section below.
Sneaker Recession?: StockX Lays Off 8% Of Its Workforce was originally published on hiphopwired.com


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San Diego County may be headed into the state's most restrictive reopening colored tier. This follows Governor Gavin Newsom's rejection of San Diego County's request to have San Diego State University's COVID-19 numbers removed from the overall case rate total.
Business owners far from SDSU worry that businesses already on the brink of closures could lose it all due to the university's growing numbers.
"Every time we seem to open up, something happens and we shut back down again," said Juan Velasco.
Velasco and his wife Anastasia own Slight Edge hair salon and they're frustrated that adding more restrictions to their salon and closing down other businesses is the solution to the increased case rate. Velasco suggests SDSU order a quarantine for students.
"If you think about it, they could probably isolate more than everybody else," said Velasco.
While the hair salon has been back open for a couple of weeks since the county was moved to the red-colored tier and under the purple tier hair salons are still allowed to operate under stricter measures, they worry the state may change their mind.
"There's no warning, they change decisions like you and I change thoughts, which is frustrating and means we can't prepare everything," said Velasco.
On Roymar Road the owner of Tap That Draft beer services and taproom agrees the restrictions are not benefiting any industry.
"I mean we're 30 miles from SDSU, so I don't see what the rate on campus at San Diego State has to do with us in Oceanside," said owner Travis Esquibel.
For the last six months, Esquibel's taproom has been closed down.
"Either we try and survive with the little business we can get or we fold and go under," said Esquibel.
He's relying on customers buying products to go and office keg deliveries but, that's still not enough.
"We're all taking precautions and trying to do things right, but at the same time we're struggling, we need business," he said. "I have kids at home, my employees have families as well and we're all struggling and we just need some sort of guidance, some hope."
Esquibel said he just wants an opportunity for pubs like his to reopen under strict guidance.
"I'm positive this will turn around and we'll be able to celebrate our eight-year anniversary next year," said Esquibel.
The Oceanside Chamber of Commerce and the city are awarding grants to small businesses in need.


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50 interviews, 20 radio talks, and countless interactions on Facebook and Twitter. Satjeet Singh Bedi, co-founder & CEO of BookMyChotu, has had a more eventful weekend than RBI chief Urjit Patel even, for all we know. All this because his nine-month-old startup that offers house-keeping boys at an hourly rate has suddenly become a rage in the wake of the massive queuing (sometimes referred to as Queue-tiyapa) that's taking up the time and/or the mindspace of many people post-demonetisation.
Critique on the usage of 'chotu' and allegations of helping the wealthy and mighty siphon off heaps of cash notwithstanding, Bedi's on-demand service boys have managed to get a lot of traction on the back of one Facebook post shared on the startup's page. No surplus funds to support the advertising machinery unlike the Paytm's of the world because BookMyChotu is bootstrapped and looking for funding.
So, is demonetisation a blessing in disguise for Bedi? "It's a blessing for everybody," he clarifies, adding the startup's objective is to help people out in a crucial time.
As it turns out, there's also a fairly long line of brands claiming to want to help out. Pizza Hut deployed 300 people from its management to personally deliver over 10,000 pizzas to bankers and customers queueing up outside banks on the first weekend after demonetisation. Pizza Hut filed this under 'marketing exercise' but we also saw brands like Genuine Broaster Chicken, Mphasis, and FreshMenu, making news for their CSR efforts to help those feeling the pain of forever being in the 'aap kataar mein hain' mode.
Now, brands trying to latch on to current topics to stay relevant and 'in the news' is routine these days. No wonder fake news sites had clickbaitey articles suggesting Durex was selling condoms to people in queues (not a bad idea that, especially for overnight queueing customers). Unlike most other occasions when some of these brand efforts boomerang, this time, every little good deed is being appreciated (and is highly likely to be remembered) as long as it's in the direction of allaying inconvenience.
As Unnat Varma, MD of Pizza Hut - India subcontinent, says, "It's important to understand the mental disposition of users at this point. The atmosphere is of anxiety and frustration. They are not going to absorb your brand message even if it's captive audience. People queued up waiting for a bus are likely to be calmer and more open to receiving brand messages, should you expose them to one."
Has demonetisation transformed queues into a medium for brands? Perhaps. But only if brands mean to 'help' and not 'sell'. Because the latter will just mark them as war profiteers and garner hate for the same brands, thus defeating the purpose of the entire exercise.
The tie-up marks the entry of Adani, India’s fastest-rising billionaire, into the three-way fight for domination of the onling shopping space, which is estimated to generate $200 billion in sales by 2026 -- turbocharged by pandemic restrictions keeping people away from stores.
He noted that guidelines and instructions have been issued from time to time for testing, surveillance, isolation, vaccination and Covid appropriate behaviour for the public in general, and people venturing in weekly markets, transporting vehicles, malls, cinemas, religious and social gathering and banquet halls in particular.


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If you’re vegan in Dubai you’ll be rubbing your hands (and bellies) with glee at the moment thanks to all the exciting plant-based news in the city. The city already has an established vegan scene, with loads of restaurants and cafes offering up special plant-based menus. But recently there have been even more new openings, plus loads of new menu additions. From meat-free pizza toppings, to Beyond Burgers, plant-based ice creams and a vegan brunch, here’s what you need to be checking out.
For healthy vegan dishes…
Soul Santé in Dubai Marina is one new spot that you’ll want to check out.
Soul Santé is a new, healthy vegan restaurant that promises a wide range of freshly made plant-based dishes that are calorie counted, sugar-, soy- and gluten-free.
Dishes on the menu include grilled peach salad, beetroot sliders, pulled jackfruit tacos and Soul Santé’s signature eggless omelette. There’s also the option to build your own bowls and salads. For those with a sweet tooth, the desserts section boasts lemon cookies, peanut butter cups, chocolate cupcakes and banana pancakes.
Open daily 8am-10pm. Jannah Place, Dubai Marina (04 526 0325).
For vegan pizza…
Freedom Pizza has launched a brand-new vegan pizza. The new plant-based pizza will be topped with chunks of Beyond Meat – a meat-free alternative made using pea protein and that’s free from soy, gluten, dairy and is naturally high in iron and protein.
The Beyond Pizza is the first be served with the plant-based meat alternative and will also be topped with vegan cheese, sun-dried tomatoes, caramelised onions, cherry tomatoes and beetroot.
Various locations across the UAE, www.freedompizza.ae.
For plant-based “junk food”…
Rove Healthcare City is adding a special twist to its monthly ‘Vegan Bench Brunch’ by offering green foodies a wealth of plant-based junk food to dig into. In the healthiest of ways, of course.
Taking place on Saturday September 7 from 11.30am until 3pm, the one-off ‘vrunch’ will have plant-based burgers, meat-free tacos, and fully-vegan cheesecake to dig into.
Dhs99 (adults), Dhs49 (kids aged under 12), free (kids under six). Sat Sep 7, 11.30am-3pm. Rove Healthcare City, Oud Metha Road, www.rovehotels.com (04 561 9200).
For a massive choice…
Popular Italian restaurant Ronda Locatelli already has a massive vegan menu of more than 40 dishes, and now it’s added more pizzas, pastas and salads for plant-based eaters to choose from.
Atlantis The Palm, Palm Jumeirah (04 426 2626).
For cinema snacks…
The Beyond Burger (the meat-free pea protein patty) has landed in Gold by Rhodes at VOX cinemas. So now you can watch the latest flick while enjoying a plant-based burger.
City Centre Deira, Deira (600 599 905).
For meat-free burgers...
BurgerFuel now stocks the Beyond Burger, a plant-based patty as part of its menu. The popular fast food chain has long been serving some veggie options but the latest edition is the first vegan burger to make the cut. Named the Beyond Beleaf (see what they did there?) the burger feature on Beyond Burger patty, vegan cheddar cheese and BurgerFuel vegan aioli.
For vegan ice cream…
iScream is a massive hit in La Mer for many reasons. And now vegans can love it too.
Joining the likes of Emirati coffee, red velvet, and date, are coconut and chocolate flavours.
The difference with these ones? They're vegan and gluten-free.
Dhs16 per scoop. My City Center Masdar, Masdar City, Abu Dhabi and La Mer, Dubai, www.iscream.ae.
And coming soon…
Veganity – which claims to be the biggest vegan restaurant in the world - is due to open in City Walk soon.
Burger Fuel has introduced the Beyond Meat burger to its new range.


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A warehouse near Davis-Monthan Air Force Base in Tucson is busy with a select group of students working through the stuff University of Arizona freshmen left in 800 dorm rooms when they departed for the summer.
The cavernous building will be site of next month’s one-day Wildcat Welcome Rummage Sale, where castoff microwave ovens, mini-fridges, decorator rugs and other used dorm-room items will be sold at low cost to the general public.
“This is our general donation area,” said UA junior Michael Beauregard, leader of the student team organizing the clutter in preparation for resale. “We have, like, irons, books. Over here we have the wood furniture. We actually have to go through this stuff and sort it out for the sale as well.”
The UA Office of Sustainability, Residence Life, the Green Team, Procurement and Contracting Services, and others have partnered for the event. Items come from 15 recently vacated dorms – up from five that contributed last year – as part of the Dodge the Dumpster campaign, which encouraged students to donate items rather than throw them in the trash.
“This project aims to make sure that there’s an outlet for stuff, rather than the dumpster,” Beauregard said. “It’s all meant to serve the community, and give them an opportunity to come and get the supplies they need, for less.”
The rummage sale will be held July 29 at the Paul and Alice Baker Distribution Center, 3740 E. 34th St. Doors open at 8 a.m. to 4 p.m., or until items are sold. Cash is not accepted, and you must register first to participate.
Bryn Bailer is a freelance journalist based in Tucson.


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Despite a roiling economic climate, over the past decade 35-year-old Inner Traditions in Rochester, Vt., has more than doubled in size. "While 2008 was bad for all publishers," said founder and president Ehud Sperling, "in 2009 we started crawling back." Part of the reason Inner Traditions was positioned to recover lost ground is that its list not only focuses on books about spiritual, cultural, and mythic traditions around the world, but the press finds and sells those titles globally.
"About 25% of our list is translation," said Sperling, who launched the house in New York City in 1975, after a five-year stint as a bookseller at Greenwich Village's occult bookstore, Samuel Weiser's. Twenty-five years later he acquired Bear & Company, which publishes books to celebrate and heal the Earth, and has added imprints along the way, including Bindu Books for teens. However, many of the company's bestsellers are works in translation, like Christopher Vasey's The Acid-Alkaline Diet for Optimum Health, originally published in France, which has sold 125,000 copies, and T.K.V. Desikachar's The Heart of Yoga, which includes a translation of the yoga sutras of Patanjali and has sold 150,000 copies.
Many translations on Inner Traditions' backlist of roughly 1,500 titles originally came out in European languages. In turn, countries with native speakers in Spanish and German have provided fertile selling ground for translations of its English-language books. In fact, all of Inner Traditions' books have been published in German, said Sperling. Germany has become such an important market that he is looking to create an Inner Traditions imprint there by partnering with another publisher much like he did in 1993 to form Inner Traditions en Español. He started the latter in conjunction with Lasser Press of Mexico, which distributes Spanish-language editions of Inner Traditions books throughout the Americas; for the past decade, Lasser Press has also published four books a year in Spanish in the U.S. In 1995, Sperling launched Inner Traditions India, which prints in India for the English-speaking market there. And last year it started Inner Traditions Canada, which distributes its books as well as those of Red Wheel/Weiser, Tuttle, and Career Press/New Pages.
In addition, Sperling has begun experimenting with ways to meet what he regards as one of the press's biggest challenges: "continuing to publish the serious and slower-filling titles at a time when the market wants faster-filling books." As part of that effort, he has begun exploring other retail models. This fall, Inner Traditions began selling books on consignment at Northshire Books in Manchester Center, Vt. "What I'm trying to do is go back to the future with rack jobbing," he said, referring to the way wholesalers service supermarkets and drugstores by filling their racks. The store then pays for the merchandise it sold less a commission. So far rack jobbing/consignment is working out. Sales at Northshire have gone up 10 times.
Sperling is also reaching out to customers directly through grassroots marketing. The press took booths at the Miami Book Fair, the Los Angeles Book Fair, and various green festivals. "It's an opportunity to meet our fans," said Sperling. "It's physical social media."
Not that the company is neglecting more conventional pushes. One of the press's top-selling books, Rick Strassman's DMT, published a decade ago, now has 80,000 copies in print, and the release of the documentary The Spirit Molecule was screened at the Austin Film Festival in October and is now available on DVD. "I published the book because it was such a great book," said Sperling. "But I never thought it would take off. A book about a molecule?!" That book is now #1 in psychopharmacology on Amazon.
Looking back at how the company has made it through its first three and a half decades, Sperling said, "It's about being devoted to a subject area, not just the latest flavor. To build a list like ours takes 35 years. You just can't do it faster."


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See photos from CESLuxury Cars CES 2012
Gov. Brian Sandoval made his first visit to the floor of the International Consumer Electronics Show on Wednesday and, like many visitors to the annual gadget showcase, saw lots of stuff he'd like to have.
Sandoval and a small contingent from the Las Vegas Convention and Visitors Authority spent about an hour at the show, touring the displays of Motorola, Panasonic and Samsung.
"This is probably the most famous show on the planet, and for us to host it is wonderful," Sandoval said. "I think it's important for the governor of Nevada to be here."
Sandoval, believed to be the first sitting governor ever to tour CES, looked at microtelevisions from Motorola, lithium ion storage battery cells for electric cars at the Panasonic booth and smart televisions from Samsung that integrate TV programming with web surfing and social media interaction.
While touring the show was a treat for the governor, his networking with technology executives Wednesday night could be the greatest benefit to the state in his quest to recruit technology companies to Nevada. Economic development and diversification are among Sandoval's top goals since taking office a year ago.
Sandoval was scheduled Wednesday night to introduce John Donohoe, president and CEO of eBay, as a keynote speaker at a private dinner of the Consumer Electronics Association at Wynn Las Vegas.
"I want to show my appreciation for their coming here and at the same time get out that message that when it comes to technology, Nevada is the place to be," he said.
He said he would remind executives that Las Vegas is one of the nation's most technologically connected cities and is home to Switch Communications, which operates one of the largest data repositories in the world.
But like every other person seeing CES for the first time, Sandoval was dazzled with the gee-whiz aspects of the show. Asked what he wanted for the governor's mansion, he laughed.
"I want one of those TVs," he said, pointing to one of the high-definition Samsung televisions.
"I don't know where I'd start," he said. "First, I have to have the money. The televisions are wonderful, these tablet devices that are both phones and tablets are great. We looked at some of those electric cars and the lithium batteries they're producing and the applications they have to the homes and how efficient they are. I don't know where I'd start, but I can see so many things I'd like to have."
Rossi Ralenkotter, president and CEO of the LVCVA, said he was pleased the governor found time to make the tour of CES.
"I think it shows his commitment to the conventions and meetings industry to be here," Ralenkotter said.
"It's also important for his economic development work, which includes some high-tech and green-tech strategies," he said. "There's certainly plenty of that here at CES."


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Caroline Povey is the new face of Out of the City country clothing.
Caroline said: “I am absolutely delighted to be a brand ambassador for Out of the City. They have a fantastic range of country clothing, footwear and accessories.”
The country wear specialist said: “We are proud to sponsor Caroline at a time when she is training extremely hard to improve. She now has her sights firmly set on the Commonwealth Games and the next Olympics in Rio. We wish her the best of luck and will be rooting for her all the way.”


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The forecast made in the first quarter of 2019.
In December 2018, the RAM cost about the same as a month earlier. In the first quarter, prices will fall, predicts research firm DRAMeXchange.
According to estimations of experts, in January 2019, the average contract value of the 8-Gigabyte DRAM modules will decline by more than 10% from the previous month, and in February and March, this trend will continue.
On the market RAM in General, prices should fall by about 20% in the first quarter of 2019 compared to the previous three months, although previously expected 15 percent decline. Most cheaper server solutions, expect to DRAMeXchange.
The biggest problem in the market, analysts say an increase in the production of memory, and the premature onset of a weak season in the fourth quarter of 2018, resulting in the channel is replenished product inventories sooner than expected.
Worst of all this situation have experienced ITC, which has the chips fell more than those of other vendors. From the South Korean manufacturers prices of chips have fallen to a lesser extent in comparison with companies from other countries.
In the near future, growth in supply will always exceed the dynamics of sales, so inventory level will rise, and prices fall. This negative trend may continue throughout 2019, the study said.
© 2019, RWB News. All rights reserved


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I was invited by Fira de Barcelona to speak at the presentation of Alimentaria 2016 to the international media. In my talk, I described the consumers and the society that the food industry will be facing in the coming years. It’s no trivial matter: Europe has the world’s most highly developed food and agriculture industry. The nine largest companies in the sector move €227 billion each year and employ 750,000 workers.
These are great times to be in the food business, as the general manager of one such company told us at Desayunos ESADE. The future will be built on three main market segments:
- Emerging countries, which are eager to consume calorie- and protein-rich diets
- Aging baby boomers, who are looking for healthy foods associated with major changes in the way we produce food and beverages
- Millennials, the new commanders of food, eager to discover new things
In all three cases, however, there’s a “big chill”: the unstoppable shift to fresh and refrigerated foods. Studies by Technomics and MSI have found that 87% of adults feel that fresh foods are healthier, 80% believe they are tastier, and 78% are making a strong effort to eat more fresh versus processed foods.
Fresh products versus processed food: that’s the challenge for big food producers in marketing terms. “How can we remake ourselves?” (Smuckers CEO); “Big has become bad” (ConAgra CEO); “We understand that increasing numbers of consumers are seeking authentic, genuine food experiences, and they are sceptical of the ability of large food companies to deliver them” (Campbell Soup CEO).
The idea of “processing” – from techniques of curing and salting to the modern arsenal of preservatives — arose to make sure the food we ate didn’t make us sick. Today, society fears that processed food itself is making us unhealthy.
This is a marketing challenge – “the most dynamic, disruptive and transformational time that I’ve seen in my career”, in the words of one marketing professional. Right in front of us.


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20 July 2001
Media Statement - Hon M Burton
Winter Tourism Growth welcomed by Minister
Tourism Minister Mark Burton has welcomed new visitor figures, which reflect New Zealand's growing reputation as a
winter holiday destination.
"Total overseas visitor arrivals in June were up a staggering 15 percent on last June," Mark Burton said. "That's on the
back of a 12 percent rise in May. In the past two months, we welcomed over 223,000 overseas visitors.
"The New Zealand Tourism Strategy 2010, which the government has produced in partnership with the tourism sector,
identifies a need to encourage tourists to visit throughout the year, not just at the height of summer.
"July is shaping up to be every bit as good, and record snowfalls in the last few days in the central North Island will
do no harm at all.
"New Zealand offers special attractions year round - and it seems the message is getting out there."
Mark Burton also noted the continued rapid growth of the Chinese market. China has quickly climbed to be our seventh
largest source of visitors, with arrival numbers in the past year up by almost 50 percent.


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When will we get haircuts again? Beauty experts weigh in on the future of self care
Rachel Ford Hutman is embracing a more natural style a few months into the pandemic
Source: Rachel Ford Hutman
Rachel Ford Hutman, a California blonde for years, is now embracing a more natural look.
After shelter-in-place was declared in San Diego to stem the spread of Covid-19, she tried to use a coloring spray to cover her roots but it was an unmitigated disaster.
Now, she’s liking the lived-in ombré look with natural-colored roots, which she hopes will save her money and frequent trips to a hair salon.
“With the last financial crisis, the first thing I cut was Starbucks,” said Ford Hutman, who works in public relations. “I’m thinking that any way to save now is a good thing.”
Across the U.S., people are taking creative approaches to their beauty regimens. Couples are watching YouTube videos before cutting each other’s hair. Kids are …continued .
[Source: CNBC News]


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R&D Magazine is accepting submissions for its 48th Annual R&D 100 Awards. For 47 years, the prestigious R&D 100 Awards have been helping companies provide the important initial push a new product needs to compete successfully in the marketplace. Submission Deadline is April 16th!
Eligibility: Products created in 2009 are eligible for the 2010 awards.
How to apply: Simply visit R&D Magazine’s new Website and download your application.
Who can submit: Any company, university, government lab, etc. that feels they have a new, innovative product that is making major strides in the world of R&D or a significant contribution to the betterment of our world.
About the R&D 100 Awards: For 47 years, the prestigious R&D 100 Awards have been helping companies provide the important initial push a new product needs to compete successfully in the marketplace. The winning of an R&D 100 Award provides a mark of excellence known to industry, government, and academia as proof that the product is one of the most innovative ideas of the year. And, it’s always easier to market a new product that comes with a bonafide guarantee of excellence.
What are the benefits of applying? Winning an R&D 100 Award proves your product’s superiority. After all, it’s already successfully competed against the other best products of the year in open competition among corporate R&D departments, academic researchers, and government organizations. The R&D 100 Awards have been dubbed the “Oscars of Innovation” by the Chicago Tribune, and are a fine way to show customers that your new product is worth their investment.
Isn’t it your turn to receive a prestigious R&D 100 Award ?


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The packaging sector is pivotal to the resilience of the EU economy, as a strategic autonomy asset and as a key element to guarantee the security of products supply. For this reason, it is essential to raise awareness about the central role that it plays in the EU economy.
On 30 November 2022, the European Commission published the Revision of the Packaging and Packaging Waste Directive to reinforce the essential requirements for the packaging and establish EU level packaging waste prevention measures and targets. The aim of the event is to assess the impact of the rules on several sectors of the European economy. After being heavily affected by disruptions in packaging value chain, exposure to high price fluctuations, energy shortages, unavailability of raw materials firstly due to the Covid-19 pandemic and then due to the War in Ukraine, the packaging industry faces another challenge now as it is asked to adapt to the new packaging rules within its financial and technical capacities. Packaging industry is worried that with the reported dismissal of recycling as a component of packaging circularity it will cause difficulties with the conversion of waste into viable secondary packaging.
A lack of packaging availability could have unprecedented and dangerous consequences on the internal market, by threatening the security of essential systems - such as the food, health and pharmaceutical sectors - and disrupting the distribution and availability of products throughout the EU.
In the light of the above, this event has a twofold objective:
• reinforce the message of the EESC opinion "Making packaging a safe, affordable and eco-friendly industry" and
• to react to the Commission Revision of the Packaging and Packaging Waste Directive published on 30 November 2022.
The debate will concentrate on the industrial sectorial aspect of packaging, especially the challenges faced by the sector.


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Today, at HTC's Vive Developers Conference (VDC) in Beijing, HTC announced the VIVE WAVE VR Open Platform, a VR open platform and toolset designed for the development of mobile VR content device optimization for third-party partners.
So far, twelve hardware companies in China, including 360QIKU, Baofengmojing, Coocaa, EmdoorVR, Idealens, iQIYI, Juhaokan, Nubia, Pico, Pimax, Quanta and Thundercomm, announced their support for Vive Wave and integrating the VIVEPORT VR content platform into their future products.
HTC also announced VIVE FOCUS, its first standalone VR Headset for the China market. Vive Focus is also based on the Vive Wave VR open platform.
Vive Focus offers enhanced comfort for extended use, easy on-off capabilities, and is the first commercial standalone device to deliver inside-out 6-degree-of-freedom tracking (6DoF) which Vive calls "world-scale". Without the need to be attached to a PC or a phone, Vive Focus provides freedom of mobility while reducing the total cost for users to own a premium VR device in China. It has a high-resolution AMOLED screen with low latency and clarity. The Vive Focus is powered by the features of the Qualcomm Snapdragon 835 VR Platform and utilizes the Vive Wave VR open platform, including the library of VR content available on the Viveport.
HTC has only announced plans for the Vive Focus in China just yet, and even then there aren't any details on pricing or a release date. Meanwhile, HTC and Google have cancelled their plans to bring a Vive-branded standalone Google Daydream headset to the US.
Also at VDC, Viveport also announced a global strategic partnership with Unity Technologies to enable the one-click publishing of VR content onto Viveport for PC VR, Standalone VR, and mobile VR developers. Unity will integrate Viveport into its content platform and provide a more intuitive way for developers to utilize the new Vive Wave VR SDK. Unity will also integrate Viveport's in-app payment and VR advertisement functions into its development system, with an initial focus on the China market. For the remainder of 2017, Viveport is giving back 100% of all profit earned on its platform back to the developer community.


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The Honda Accord is now available at Brandon Honda in Tampa, FL, head over for a test drive or to learn about the impressive warranties that come included on your brand new purchase! To see how this impressive model compares to the Toyota Camry, keep reading!
If you are shopping for a practical yet sleek new mid-size sedan, then you have got to see the 2019 Honda Accord. What's new for the 2019 model years? Both vehicles feature efficient hybrid drivetrains and fantastic safety systems. For 2019, Honda's popular mid-size sedan has received a significant refresh, which should help it to continue to win over buyers who are also shopping its competitors like Toyota's Camry. Drivers and families near Brandon, Lakeland, and Clearwater, FL can explore the latest Honda Accord at Brandon Honda. While browsing our website now, you can shop our complete inventory of 2019 Honda Accord sedans in Tampa.
With the mid-size sedan class being as competitive as ever, let's see how the 2019 Honda Accord sedan compares to one of its popular rivals, the Toyota Camry.
Believe it or not, the 2019 Accord bests the Toyota Camry in standard horsepower and torque -- even with a smaller and more fuel-efficient standard engine! The 2019 Accord has three engine options: 1.5-liter turbocharged inline four, 2.0-liter turbocharged inline four, and the 2.0-liter hybrid inline four engine. In comparison, the Toyota Camry also offers three engine options: 2.5-liter inline four, 3.0-liter V6, and 2.5-liter hybrid inline four engines.
The largest difference between these engines is evident between the hybrid options. The Accord Hybrid has better power and torque ratings than the Camry Hybrid, making it the top pick. To test drive the thrilling performance and impressive efficiency of the 2019 Accord near Lakeland and Clearwater, visit Brandon Honda in Tampa, FL.
When shopping for a mid-size sedan, who would not want to maximize passenger comfort and space? With the 2019 Accord, drivers and passengers will find significantly more cabin space than in its competitor from Toyota. In fact, the 2019 Accord has more front headroom, legroom, hip room, and shoulder room than the Camry.
Out back, the 2019 Honda Accord's trunk can hold about 1/2 cubic foot more cargo than can the Camry's. Whether you are using your new sedan as a family vehicle, commuter car or another purpose, that extra trunk space will certainly come in handy. Both of these popular mid-size sedans are available with convenient 60/40 split-folding rear seats which increase the ability to haul bulky items, but the 2019 Accord's larger trunk still means greater cargo hauling versatility.
While shopping our online inventory for a 2019 Honda Accord, why not get pre-approved for an auto loan or value your trade?


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This year, No nonsense® is ensuring that for every special three-pack of socks purchased at Nononsense.com, a person in need will receive a new, clean pair of their own to go back to school with. No nonsense’s “Socks for America” program has pledged one million new pairs of socks through K.I.D.S. – (Kids in Distressed Situations) to people in need. K.I.D.S. donates new items to homeless and other shelters around the country. While most people take their socks for granted, they are one of the most needed and least donated items for families in need. And for a lot of them, it is the first new item of clothing they have ever received.
The No nonsense “Socks for America” program, which is being supported by new mother and philanthropist Emily Procter from CSI: Miami, aims to help some of the 18 million children who are living below the poverty line with the benefit of new, clean socks to go back to school in. Additionally, eight film students traveled the country by car handing out the million pairs of socks and you can see their journey here: www.socksforamerica.com.
I donated my box of no nonsense socks to the Atlanta Day Shelter for Women & Children, Inc.
Consumers can also help by becoming a fan of No nonsense on Facebook at https://www.facebook.com/
By entering the promo code “nnmoms” in the lower right corner at purchase, you will save 15% on ALL products at nononsense.com. Hurry, the code expires Sunday, August 27 at midnight.
We’re on a mission to rid the world of nonsense!


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|| Print ||
|Articles - Nov/Dec 2012|
|Monday, November 05, 2012|
BY JON BELL
If Doug Hoschek can’t get REI to consider carrying a line of sleeping bags, then probably no one can.
The impassioned 68-year-old veteran of the textile industry preaches a mean gospel for sleeping bags, outerwear and the insulation that fills them from Wiggy’s, a Colorado company founded by longtime friend and associate Jerry Wigutow. He got to know bigwigs like Jim Whittaker, the one-time CEO of REI and the first American to summit Mount Everest.
And around 1980, Hoschek himself helped develop and sell one of the most ubiquitous fabrics in the outdoor world — Polarfleece — while on the payroll at the famed Massachusetts textile company Malden Mills.
“For 15 years, I basically controlled who got Polarfleece in the U.S.,” says Hoschek, whose run with the fabric essentially ended in 1995 when a fire burned Malden Mills to the ground.
With most textile manufacturing now outsourced overseas and stateside retailers sticking with their foreign supply chains, Hoschek has had a tough time getting Wiggy’s bags, which are popular with the U.S. military, into the broader outdoor market. Undaunted, Hoschek opened his own Wiggy’s retail store in Bend’s Old Mill Marketplace in early October, which sells Wiggy’s American-made sleeping bags and outdoor clothing.
Competing with big names like The North Face and Marmot won’t be easy, but Hoschek is confident in the products and thinks consumers will be too. He’s also encouraged to hear that Wiggy’s Alaska, a small store Wigutow helped start in Anchorage, has annual sales north of $500,000.
Beyond finding success through the Wiggy’s store, Hoschek also sees a greater goal in his current endeavor: revitalizing domestic manufacturing and restoring Oregon to its proper place as a synthetic and natural textile powerhouse. One idea: helping Wigutow possibly relocate his manufacturing operations — with job opportunities for up to 40 people — to Bend in 2013. Hoschek says he ran his thoughts on reviving Oregon’s textile sector past Gov. John Kitzhaber earlier this year.
“He looked at me, his eyes got wide and he said, ‘How are you going to do it?’” Hoschek says. “And I said, ‘Just watch.’”
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR
A conversation with Donna Earley, director of sales and marketing for the Salem Convention Center.
Thursday, March 19, 2015
BY DAN COOK | Photos by Jason E. Kaplan
An alliance of developers, academics and timber industry executives wants to position Oregon as a front runner in the glamorous new world of wooden skyscrapers.
Monday, January 26, 2015
BY JOE CORTRIGHT
"Nostalgia is not an economic strategy."
Monday, January 26, 2015
BY JACOB PALMER
Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.
Friday, March 27, 2015
BY COURTNEY SHERWOOD | Photos by Jason E. Kaplan
Pacific Seafood, one of the world’s largest processors, is rebranding as a more transparent and consumer-friendly operation. A controversial CEO and monopoly accusations from coastal fishermen complicate the tale.
Wednesday, March 04, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
On Wednesday night, a couple days ahead of the 2015 season kickoff, Major League Soccer and the Players Union reached an agreement.
Wednesday, February 25, 2015
BY LINDA BAKER | OB EDITOR
The big news at Oregon Business is we’re getting a ping pong table. After reading the descriptions of the 2015 100 Best Companies to Work For in Oregon, a disproportionate number of which feature table tennis in the office, I decided it was time to bring our own workplace into the 21st century. It was a tough call, but it’s lonely at the top, and someone has to make the hard decisions.
|The 100 Best Companies to Work For in Oregon|
|Help Wanted: Poached Jobs aids restaurateurs |
|How Oregon will survive the loss of Hanjin|
|How a Utah-based essential oils company cornered the Oregon market|
|On the Brink|
|Thy neighbor's house|
|Swiss bankers guilty of tax fraud avoid jail|
|US grants Texan rhino hunter permit to bring back trophy|
|Norwegian Air tweaks cockpit rules after Germanwings crash|
|Federal Consumer Agency addresses payday loans|
|Slave-caught seafood sold in America|
|Heinz, Kraft merge|
|West Coast lawmakers want earthquake warning funding|
Generations of students and graduates have been plagued by the question: What is my true calling in life? Four alumni from Corban University’s Hoff School of Business who graduated in different decades say the school helped them find the answer by giving them a practical, well-rounded education.
It’s happening whether anyone’s ready or not. Businesses here in Oregon and across the U.S. are already experiencing the effects of the largest generational shift in recent history, and these changing tides will impact every level of the workplace — from a company’s executive leadership to its cultural core.
Success stories spotlight meaningful career opportunities in Oregon's diverse and lucrative tourism industry.
Like the advent of the locomotive, the cloud creates business opportunities that simply weren’t possible before now. Get up to speed fast in May at an exciting cloud-empowered Portland event.
Registration is now open for Portland Business Alliance’s Annual Meeting, one of the largest business gatherings in Portland each year.
The Commission helps to advance the professionalism, equality and efficiency of Oregon's judicial branch of government.


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The fourth annual Season of Pride celebration for 2022, presented by Midboss, starts on July 1 with charity streams for LGBTQ+ organizations, a special Steam event starting July 9 that will run through July 23, and a sale on the Nintendo eShop during the last week of the month. This event celebrates “LGBTQIA+ diversity in gaming,” and “raises money for worthy charities through streaming events and game sales on Nintendo Switch and Steam all month long.”
Season of Pride 2022 is hosted by Midboss, San Francisco-based developers of LGBTQ+ titles like 2064: Read Only Memories and Kitsune Tales. The festivities will kick off on Steam with a sale and event focused on highlighting LGBTQ+ themed games that are already out and upcoming releases. Nintendo’s eShop will also be hosting a sale on LGBTQ+ themed games, including Arcade Spirits: The New Challengers, Steven Universe: Unleash the Light, Sword of the Necromancer, and more. Companies like Annapurna Interactive, Devolver Digital, and Green Man Gaming are also helping out with these sales and events.
Additionally, LGBTQ+ streamers like JeffBrutlag, DEERE, and UrbanBohemian will be hosting charity streams on the Midboss Twitch channel, where they’ll be playing games with LGBTQ+ themes and/or characters in support of various organizations, including The Trevor Project, Mermaids UK, Trans Lifeline, Minus 18, Black Girls Code, Gaymer X, Women in Games International, and Girls Who Code.
“We are so grateful to host another Season of Pride to shine a spotlight on all the great LGBTQ+ games and content creators and to support the mission of some great causes,” said Cade Peterson, CEO of MidBoss. “Donate early, donate often! Add some games to that backlog and feel good about it!”
Further details about the schedule and other participating games will be available on the Season of Pride website as the event gets closer.


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With the recent release of the new MXGP 2021 featuring the most realistic and exciting two-wheeler experience as stated by the devs, MXGP fans are getting excited to know more about the upcoming MXGP 2022’s release date. So, will there be a new MXGP 2022 release date for PC, PS4, PS5, Xbox Series X|S, and Xbox One in the upcoming future? Well, continue reading this article to know.
Developed and published by Milestone S.r.l., the MXGP series has been well renowned for providing realistic experiences to players who are interested in Motocross racing games. The currently released title, MXGP 2021 has been released on 30 Nov 2021 featuring next-to-realistic graphics along with enhanced mechanics for a far better experience than its predecessors. Each MXGP game has its own uniqueness but fans claim that there aren’t any significant efforts made by the devs to ensure that the experience remains seamless. However, MXGP 2021 is definitely a better version that has been reviewed well by many players. Many fans have acknowledged this fact and are eagerly waiting for the upcoming release in the hope that the next title will have even better visuals and performance enhancements. Anyways, if you are also interested to know the release date of the MXGP 2022 on the mentioned platforms, consider reading this article till the end.
MXGP 2022 Release Date for PC, PS4, PS5, Xbox Series X/S & Xbox One Release Date
As MXGP 2021 was recently released, there is still time for its successor to be introduced in the gaming market. This is because, as per the release date pattern followed by the devs of MXGP games, each new MXGP 20XX title in the series has been released during the second half of the year. Since MXGP 2021 was released in Nov 2021, it is expected that MXGP 2022 will also be released in the same month, in 2022. However, there isn’t any confirmed update regarding the release date of MXGP 2022 as of now. So, this information is subject to change.
And talking about the supported platforms, MXGP 2022 will definitely be released for all popular platforms including PC, PS4, PS5, Xbox Series X/S & Xbox One. However, we won’t be able to see a Nintendo Switch port for this game. Anyways, if we get hold of new information regarding the release of MXGP 2022 and its supported platforms in the future, we will be updating this article accordingly at the earliest. For more such information on new games, make sure to stay tuned with us on AndroidGram.


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Tinkerine Studios Ltd., the Canadian manufacturer of desktop 3D printers and creator of a 3D printing educational curriculum, has just entered into a distribution agreement with PRECISE Group, a 3D printing service and distribution company from the United Arab Emirates that operates throughout the Middle Eastern and North African markets to offer 3D printer products, and online training support.
The agreement with Tinkerine means PRECISE Group will now offer to its customers a complete 3D printing bundle, which includes Tinkerine’s Ditto Pro 3D printer and software, high purity filament, and online training support and educational content through Tinkerine U.
“Our goal is to be the one stop for 3D printing and services in the Middle East region, as we cater to different segments of the market,” says Lothar Hohmann, President of PRECISE Group. “I strongly believe that our partnership will allow us to grow into the educational sector with Tinkerine – their STEAM-based Tinkerine U platform and the award winning Ditto Pro 3D printer. We will be providing technical support and service in our region to complement Tinkerine’s offerings through our dedicated online platform specializing in 3D printing and solutions – The3DBee.com.”
PRECISE Group distributes to 100 direct retail stores across the Middle East, and the company says it plans to add another 60 by the end of 2015.
PRECISE’s online platform, The3DBee.com, specializes in 3D printing solutions and providing a user-friendly customer experience by enabling customers to purchase a full suite of 3D products and solutions.
“We continue to penetrate strategic markets and win new customers by offering a higher quality 3D printing experience than our competitors. PRECISE Group provides the retail outlets and professional services to support Tinkerine in the region,” says Tinkerine CEO Eugene Suyu. “Educators globally are demanding STEAM based educational content to support the next generation of learners, engineers, and designers. Tinkerine U is the global platform to deliver this content to virtually anyone in the world.”
PRECISE Group started out as producers of personalization products like 2D and 3D Crystal Laser Engraving, and they also specialize in custom manufacturing of corporate gifts.
Hohmann says PRECISE Group was an early adopter of 3D printing technology in the Middle East, and they serve as the exclusive distributor of 3D products from the likes of 3Doodler, Ultimaker, XYZprinting, and Tinkerine in the region. PRECISE’s products are designed in a dedicated production facility in Dubai Investment Park and the company is made up of six business verticals.
Tinkerine manufactures and sells desktop 3D printers, content, and software for the consumer and education markets such as the Ditto Pro, Ditto+, and Litto 3D printers. The company also produces an integrated 3D software suite and offers Tinkerine U, their 3D educational content and online training platform.
Have you ever used a Tinkerine 3D printer or used the educational content on Tinkerine U? Let us know in the Tinkerine Studios and PRECISE Group forum thread on 3DPB.com.
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Money mad: Bank of England meets to discuss cash plan
The Bank of England was today meeting to discuss its programme of printing money
against a backdrop of rising confidence among UK consumers.
The monetary policy committee will decide tomorrow at the end of its two-day meeting if it will extend quantitative easing beyond the £125billion of extra money already printed.
Pressure is mounting on the Bank to raise at least £150billion amid signs businesses remained starved of the money needed to stimulate a recovery in the economy.
Possible extension: The Bank of England is trying to decide whether to qualitatively ease a bit more
But figures from the Nationwide Building Society today showed consumer confidence edged up last month driven in part by expectations of higher house prices and an end
to the economic downturn.
Nationwide's headline consumer confidence index rose to 60 from an upwardly
revised 59 in June.
The index is well above the level of 49 recorded in July last year and a series low of 44 in January, but significantly below the levels of over 90 typical before the impact of the credit crunch in late 2007.
'Consumer confidence remained broadly stable in July, with limited overall change in sentiment from the previous month,' said Nationwide chief economist Martin Gahbauer.
'The significance of this stability is that consumers appear to be remaining cautious, but not panicked by the economic climate.
'The most significant changes this month are that confidence in spending has fallen and that for the first time for over a year, consumers expect the value of their homes to rise over the next six months.'
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Social media advertising has become a new norm. Celebrities like Kylie Jenner can make their livings by posting endorsements for different products on their personal Instagram accounts.
Now, the Federal Trade Commission is cracking down on the practice, saying it misleads customers, according to Bloomberg.
“We’ve been interested in deceptive endorsements for decades and this is a new way in which they are appearing,” Michael Ostheimer, a deputy in the FTC’s Ad Practices Division, said to Bloomberg. “We believe consumers put stock in endorsements and we want to make sure they are not being deceived”
The central complaint the FTC has is that a lot of these endorsements do not clearly indicate that they are paid sponsored content, and they come off as though they are genuine, unpaid posts.
The FTC wants clear disclosures.
“If consumers don’t read the words, then there is no effective disclosure,” Ostheimer said to Bloomberg. “If you have seven other hashtags at the end of a tweet and it’s mixed up with all these other things, it’s easy for consumers to skip over that. The real test is, did consumers read it and comprehend it?”
The FTC has guidelines that dictate what works and what doesn’t fly on social media.
“If you write about how much you like something you bought on your own and you’re not being rewarded, you don’t have to worry,” the FTC writes on its website. “However, if you’re doing it as part of a sponsored campaign or you’re being compensated – for example, getting a discount on a future purchase or being entered into a sweepstakes for a significant prize– then a disclosure is appropriate.”
Influencer marketing isn’t likely to go away, though, because it communicates to millennials in an effective way.
“It’s a conversation that they can have almost nonstop through the day, every day, over the course of 365 days a year,” Edward East, CEO of influencer-marketing company Billion Dollar Boy, said in an interview with Business Insider earlier this summer.
Article Source: businessinsider.com


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Jamshedpur, Sept. 22 : Banks across the city will stay closed for five days from Thursday, September 28, to October 2 (Monday). According to information, banks will close from September 28 (asthami) � September 30 for Durga puja and October 1 a Sunday, the banks will be closed (Muharram is also on October 1) and again on October 2 is Gandhi Jayanti.
Due to the closure, some baking services might also get affected. ATM may run out of cash within two days after cash infusion. ATM users are advised to withdraw money well in advance to avoid last minute issues. With festivals around the corner, lot of financial transactions are carried out during the time.
Users wanting to get services like cheque clearance, transact cash should completed the transaction by Wednesday. September end has five bank holidays, which is rare occurrence.
Meanwhile, banks have promised consumers of hassle free services during the bank holidays. Banks have assured that ATMs will be refilled before the holiday begins, to ensure that that consumers do not face any issue at the last moment. Online payments can also be carried out on time. With online transaction becoming one of the major mode of payments these days, bankers believe that consumers would not face too many issues.
While business man believe that holidays at regular intervals delay payment processes at many places. Demand draft issuance, operation bank lockers and cheque clearance takes more time than usual to be cleared. Operation of bank lockers could also be affected.


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California's sweeping new privacy law will soon become more business friendly, if a set of regulations proposed by Attorney General Xavier Becerra are finalized. That's according to some prominent consumer groups, who are urging Becerra to rethink a set of proposals unveiled earlier this month.
The latest potential regulations “are largely a step backwards for protecting consumers’ privacy, particularly in terms of consumers’ attempting to stop the sale of their information,” eight watchdogs including the Electronic Frontier Foundation, ACLU, and Campaign for a Commercial Free Childhood said in comments submitted this week to Becerra.
They add that the newest proposals, which replace a set of proposed regulations floated last year, "make a number of changes to the original draft that are business-friendly at consumers’ expense."
The California Consumer Privacy Act broadly gives consumers the right to learn what personal information has been collected about them by companies, have that information deleted, and prevent the sale of that data to third parties. But the law contains ambiguities -- including what precise data is going to be considered “personal information,” and how consumers should communicate their desire to prevent the sale of that data.
Earlier this month, Becerra proposed that data such as IP addresses should only be considered “personal information” if it is stored in a way that could reasonably link it to particular individuals or households.
Under that definition, a company that collects IP addresses may be able to transfer them to third parties.
But the consumer groups say the key question isn't whether the seller can tie the data to a specific person or household, but whether the recipient can do so.
“Privacy laws must -- and the CCPA does -- take into account the modern reality that information is not 'anonymous' and thus not personal merely because its current possessor lacks the capacity to associate it with a specific person,” the groups write.
They add that people have already been identified based on “anonymous” information, as happened in 2006 after AOL released three months' worth of search queries from 650,000 members.
AOL took steps to "anonymize" the members, but some users were nonetheless identified based on patterns in their search queries. Most famously, within days of the July 2006 data release, The New York Times identified AOL user Thelma Arnold.
“Protecting information like IP addresses that can be used to track consumers’ online activity is the goal of modern privacy laws including the CCPA,” the watchdogs write.
The groups also take issue with the way the proposal treats browser-based tools, like the do-not-track headers.
The proposed regulations require companies to honor opt-out requests that people make through browsers, plug-ins or privacy settings -- but only if consumers affirmatively activate the opt-out mechanism.
The advocacy groups oppose that qualification, arguing that it could exclude some do-not-track headers currently in use.
“A consumer’s choice to use tools that are privacy protective by default should not mean they have fewer protections,” the groups write. “Any pro-consumer privacy regulation should not incentivize companies to not protect privacy by default -- that is an absurd consequence.”
Becerra is expected to issue final regulations before July 1.


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The limit relates to specific debts owed by the buyer, stated Linda Jun, senior policy counsel at People in the us for Financial Reform. Some body with increased than one bill in collections could be inundated, quickly Jun said. вЂњIt could mount up quickly,вЂќ she stated.
In the event that collectors emailed or texted all too often it might be considered harassment and become unlawful, based on the CFPB. But unlike with calls, the bureau isn’t proposing a cap that is specific how many connections.
The proposition additionally asks https://badcreditloanslist.com/payday-loans-ut/ collectors if it could be viewed by a third party whether they anticipate using social media to contact consumers while prohibiting such contact. Some loan companies have previously discovered techniques to make use of social networking.
Diandra Rivera of Brooklyn stated she stopped publishing to Twitter and shut her LinkedIn account after realizing loan companies had started monitoring web sites. One combed through her LinkedIn page to get a boss that is former also loved ones, whom your debt collector then contacted, she stated.
Another monitored her Facebook web web page. The representative would mention social outings she had posted on Facebook, Rivera said during phone calls with the debt collection agency. The representative questioned why she had been behind in repaying her education loan re re re payments if she could manage to head to ApplebeeвЂ™s, Rivera stated.
вЂњIt really was creepy,вЂќ she said.
The proposed guidelines are going to set a battle up between collectors and customer advocates. The CFPB received about 81,500 complaints about loan companies in 2018, relating to a study released in March, making the industry certainly one of the agencyвЂ™s many common types of customer complaints.
Providing collectors such wide latitude to expand electronic interaction is unwarranted, stated Christine Hines, legislative manager for the nationwide Association of Consumer Advocates.
вЂњWith the extreme samples of collectorsвЂ™ harassment and intrusion of customersвЂ™ privacy that weвЂ™ve seen, it is constantly an idea that is bad exempt loan companies from obligation or grant them a secure harbor, in almost any circumstance,вЂќ she said. вЂњSeems as a invitation to encourage more punishment maybe maybe not deter it.вЂќ
However some industry officials state the transfer to the space that is digital be transformative. Loan companies happen to be combing through social media marketing to trace customersвЂ™ electronic footprints and building models to ascertain if they is prone to answer male or voices that are female.
TrueAccord, established in 2014, was trying to place a face that is friendly the debt collection industry and seldom calls customers, Samet stated. The organization he co-founded вЂњcrunches lots of dataвЂќ to create a profile of consumers, predicated on what sort of services and products they will have purchased as well as on their responses that are previous attempted associates, he stated. Ninety per cent associated with the ongoing companyвЂ™s interaction with customers will not include a person, he stated.
There clearly was device learning at play right right right here
Samet said he thinks consumers appreciate TrueAccordвЂ™s approach. Texts and emails are a definite вЂњchannel you engage with an increase of frequently but itвЂ™s a swipe of the finger to make me go away if you donвЂ™t like my email. You are able to put up filters. You can certainly do great deal of items to handle your communications,вЂќ he said.
The CFPB has gotten significantly more than 50 complaints about TrueAccord since 2015, based on the bureauвЂ™s database, which does not recognize complainants.
вЂњThis woman keeps emailing me personally constantly. She’s got even went in terms of to share with me personally I am opening the emails that she knows. This woman is harassing me at this time,вЂќ according up to an issue filed with all the CFPB previously this current year. вЂњThis isn’t ok. Please assist me.вЂќ
In 2017, a customer told the CFPB that TrueAccord was in fact too aggressive. вЂњThis e-mail ended up being written this kind of a matter as to convince me personally me both physically and try to ruin my reputation that they will threaten. They claimed they might use any means open to gather the cash they state is owed,вЂќ in line with the grievance.
Samet said the complaints are typical associated with the type gotten by other solution businesses such as for example Comcast and a вЂњfractionвЂќ of exactly exactly what rivals get. вЂњWe never want individuals to complain,вЂќ he stated.
To make sure, electronic communications from creditors can often be useful to consumers. E-mails and texts produce an impact you can use to trace straight straight down loan companies hiding behind post-office bins and shell organizations, stated Ohio attorney Jonathan L. Hilton, whom practices customer law. In a few full situations, Hilton said he’s subpoenaed Bing or cellphone organizations to obtain the names, details and also banking account information of collectors. вЂњItвЂ™s extremely useful from the investigative side,вЂќ he said.
Vicki Chester, a nurseвЂ™s that is retired, said she had been overwhelmed with telephone calls from the financial obligation collector about a classic $350 financial obligation for months before she relented and made two $60 re re payments. вЂњThe phone phone phone calls had been nasty,вЂќ said Chester, a customer of HiltonвЂ™s. вЂњI became throwing and turning every wondering if i will be found. eveningвЂќ
Finally, she asked your debt collector to send her an e-mail with information about your debt. This is certainly whenever Chester stated she discovered she was being hounded about cash she didnвЂ™t owe. вЂњI discovered, this really isnвЂ™t my financial obligation,вЂќ said Chester, who received a $6,000 settlement up against the business collection agencies agency. вЂњThey had the Vicki that is wrong.
The 1977 Fair business collection agencies tactics Act ended up being written before cellphones became the constant friend of Us americans. Regulations forbids loan companies from calling before 8 a.m. or after 9 p.m. and forbids harassment. Nonetheless it would not straight address many types of electronic interaction.
The CFPB proposition would alter that, which may be a relief for Elle Gusman.
Minnesota-based Direct Recovery Services has tried both texts and e-mails, stated Gusman, whom founded the business in 2012. E-mails had been effective at first then again began getting flagged as spam by Bing, specially when sent down in big batches, she stated. The organization also created a domain that is new, but terms contained in the email messages or their accessories — such as for instance financial obligation, password, account, pay on the web — would get flagged, she stated.
вЂњIt wonвЂ™t get through,вЂќ said Gusman.
Customers additionally appeared to like getting texting about their delinquent bills, stated Gusman. вЂњMillennials would like to go surfing and spend their bills, she stated. вЂњIt will be crazy, within one hour of simply delivering our communications, we might get 20, 30 re re re payments online.вЂќ
Delivering the communications ended up being costly and it also had been hard to add most of the disclosures that are required a few figures, stated Gusman.
One of several people Recovery that is direct Services had been Fultz, the Ohio paramedic, whom stated he discovered the communications intrusive.
The business has stopped the training but Gusman stated she actually is hoping the CFPB proposition will permit the ongoing business to use once more.


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Samsung unveils a 7,000mAh phone but you can’t get it
The phone has other tricks up its sleeve - namely the Exynos 9825 chipset, previously used in the Galaxy Note 10 lineup. It is a 7nm chipset with two Mongoose M4 CPU cores, two Cortex-A75 CPU cores, four Cortex-A55 CPU cores, and a Mali-G76 MP12 graphics processor.
The result is a mid-ranger with a flagship performance, albeit a two-year-old one. As for RAM and storage, the phone comes with 6GB/8GB RAM, 128GB internal storage, and a microSD card slot.
The catch? The Samsung Galaxy F62 will be available in India starting from February 22 at a price of around $330. That’s a real shame, though. We need more phones like this one in the West, sporting ample chipsets and huge batteries. It’s a winning combination.
Fret not! The US crowd will soon get the awesome mid-range duo - A52/A72. According to the latest leaks, these phones will come with 90/120Hz displays - a first in this segment.


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Apple shares swing on China Mobile news
The Wall Street Journal cited a source as saying an agreement to sell the Phone on the carrier's network, which has some 700 million subscribers, had been signed.
A China Mobile spokeswoman later said that the companies were still negotiating.
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When many of us were already finishing the big updates for iOS 15, less than a month before WWDC 2022, Apple goes and launches the first Beta of iOS 15.6, along with the rest of the Betas for the other platforms.
Apple does not rest, and despite the fact that iOS 16 is less than a month away from being shown to the public, although its definitive version will not arrive until after the summer, it has just launched a new Beta of what will be the next update for our iPhone and iPad. iOS 15.6 and iPadOS 15.6 Beta 1 are now available to developers and are expected to soon reach users enrolled in Apple’s Public Beta program. But not only have these first Betas been released for iPhone and iPad, but we also have new versions for the Apple Watch, watchOS 8.7 Beta 1, for the HomePod, HomePod 15.6 Beta 1, and Apple TV, tvOS 15.6 Beta 1. The Mac is not far behind and we have macOS 12.5 Beta 1 available, and it does not leave three who have not been able to update to Monterey, also launching the first Beta of macOS 11.6.7.
We do not know the novelties that these new versions bring, which we are already downloading on our devices. After seeing the few (or almost none) novelties of iOS 15.5 we do not have much hope placed in these first betas of iOS 15.6 (and the rest), but although they are surely performance improvements and bug fixes, there may be some last-minute surprise that we will tell you as soon as we know about it. The big surprise is expected for next June 6, in which we do expect many new features with the arrival of iOS 16, watchOS 9 and macOS 13.


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In a new online retail forecast for Southeast Asia, Forrester predicts that ecommerce in the region Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam will grow at a CAGR of 23% to reach $53 billion in 2023, up from $19 billion in 2018.
Other findings from the report
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Barclays has agreed to a further deferral of a capital repayment from Travelzest while the travel group continues talks with banks in the UK and Canadian markets to identify the best commercial terms.
Travelzest also confirmed that it is still in discussions in relation to a potential offer first disclosed in April but “there can be no certainty that the talks will result in an offer being made for the company”.
“The terms of the proposed new facility are expected to be more favourable than those of the existing facility,” Travelzest said.
Under the existing facility provided by Barclays dated June 19, 2008, a capital repayment of £620,550 and C$2,668,557 and associated interest became due on May 31, 2011.
The company said that Barclays has agreed to a further deferral of the capital repayment and to a further waiver from certain covenants until July 29. This follows an initial extension to June 30.
“Discussions with one bank continue to progress. The terms of the proposed new facility are expected to be more favourable to the company than those of the existing facility,” Travelzest said.
Travelzest owns a number of specialist tour operators including the naturist operator Peng Travel. It has recently restrucured its business in the UK consolidating its operations into one head office and made a number of redundancies.
Although its UK business has been hit by the challenging economic conditions Travelzest’s interests in Canada, including online retailer itravel2000, have fared a lot better.