Catena expects further casino growth despite Covid-19 impact

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Catena Media has reported a 5.7% year-on-year increase in revenue for the two months to 29 February, with the affiliate marketing giant saying that it anticipates further growth amid the novel coronavirus (Covid-19) pandemic.In a trading update, Catena revealed that revenue for January and February amounted to €18.0m (£16.4m/$19.5m), with casino revenue accounting for 59% of the total figure, sports 35% and financial services 5%.Earnings before interest, tax, depreciation and amortisation (EBITDA) for the two-month period increased 16.6% year-on-year to €8.6m with a higher margin of 47.9%, compared to 43.4% in 2019.Catena also noted that adjusted EBITDA, excluding non-recurring costs, was up 19.9% to €8.9m, with an increased margin of 49.2%.The affiliate business did not make any major investments during the period and, by the end of February, it had cash and cash equivalents of €19.2m and a net interest-bearing debt position of €162.5m.In terms of both its current performance and the future of the business, given the ongoing situation regarding coronavirus, Catena said it expects to see continued positive development in its casino segment and does not foresee any negative impact on revenues during the second quarter.Catena said that its casino segment has continued to perform well in March, with traffic higher than average traffic in January and February 2020, when this area of the business was its primary source of revenue.However, while Catena did note that the suspension of many sports leagues and the postponement of major events is likely to impact sports revenue, it is working with key operators to promote sports events that are still running.To mitigate the shortfall in sports revenue, Catena said it will focus on growing its casino business by converting traffic from a number of sports-related sites into casino revenue and holding back on low-margin media spend.In addition, Catena noted that it has experienced a positive traffic trend within its financial services segment. “We believe the Covid-19 outbreak will have no foreseeable negative long-term effects on the business and currently postponed events may contribute with a positive effect in the future when they are rescheduled,” Catena said.Chief executive Per Hellberg added: “The world is facing an unusual and challenging situation due to Covid-19. Catena Media’s largest business segment, casino, represented 73% of EBITDA during January and February, is performing well and shows a positive development under the current circumstances.“Several sport events have been cancelled or postponed, and it is uncertain for how long this will last, but we are holding back on costs and finding alternative revenue streams for the sport segment.“Provided that the sports events start up after the summer break, our target remains unchanged, to reach double-digit profitable growth in 2020.”Catena, which plans to publish its full results for the first quarter on 20 May, last month reported a full-year loss of €10.5m for 2019, primarily due to impairment charges related to assets acquired between 2016 and 2018, while all of its core business units struggled in the period.Revenue for the 12-month period through to 31 December 2019 amounted to €102.8m, down 2.1% from €105.0m in the previous year. Catena noted a 1.8% year-on-year fall in search revenue from €89.9m to €88.3m, while paid revenue also dropped 15.0% to €11.9m and subscription revenue 57.7% to €2.6m. Email Address Casino & games 25th March 2020 | By contenteditor Topics: Casino & games Finance Marketing & affiliates Sports betting Catena Media has reported a 5.7% year-on-year increase in revenue for the two months to 29 February, with the affiliate marketing giant saying that it anticipates further growth amid the novel coronavirus (Covid-19) pandemic. Catena expects further casino growth despite Covid-19 impactlast_img read more

Stadtcasino Baden Group appoints new igaming leaders

first_img Tags: Stadtcasino Baden Group Grand Casino Baden Casino Davos Email Address Regions: Central and Eastern Europe Switzerland Christner and Kocher join a management team that has undergone a significant restructuring in the past year. This has seen Christian Stegemann appointed chief financial officer and Dr Alexandra Körner brought in to oversee legal and compliance from May and June 2020 respectively. Kocher is an igaming industry veteran, having worked in the sector since 1998. During this time he was involved in the launch of Gauselmann Group’s – a shareholder in Stadtcasino Baden – first online casino.  Subscribe to the iGaming newsletter Swiss casino operator Stadtcasino Baden Group has appointed a pair of experienced executives to manage its two igaming brands, Casino777 and Jackpots.ch. Casino777 went live in September 2019, powered by Gaming1, a subsidiary of Ardent Group. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “I am convinced that with [this] new crew I have found a coherent management team to take our ‘House of Entertainment’ into the future respectively,” Böni commented following Christner and Kocher’s appointments.  In 2019, Stadtcasino Baden Group generated gross revenue of CHF7.6m (£6.3m/€7.2m/$7.8m) from legal igaming. As the first to launch, Jackpots.ch contributed CHF6.3m of this total, with CHF1.3m coming from Casino777.For that year, the four brands to expand online generated total revenue of CHF23.5m.  People moves Its offering is powered by platform provider Gamanza, and features live dealer content from Evolution Gaming. Brian Christner has been named chief of online gaming for Grand Casino Baden. The casino was the first in Switzerland to launch an online offering  when Jackpots.ch went live in July 2019. Topics: Casino & games People Land-based casino Online casino People moves Christner is an IT specialist, and previously spent more than a decade in the industry, as a systems engineer and support manager for International Game Technology (IGT) between 2000 and 2011. Stadtcasino Baden Group appoints new igaming leaders 3rd February 2021 | By Robin Harrison Since then he has predominantly worked in cloud computing, most recently running his own consultancy to help companies deploy cloud-based solutions across their businesses.  Stadtcasino Baden Group then brought in Michael Böni as its new chief executive in November last year, replacing long-serving incumbent Detlef Brose.  Casino Davos, the property jointly owned by Stadtcasino Baden Group and Belgium’s Ardent Group, has appointed Robert Kocher to oversee its Casino777 igaming site. last_img read more

IPL 2020 KKR vs SRH : Jason Holder arrives in UAE…

first_img Sport News Euro 2020, Italy vs Wales LIVE: Verratti returns for Italy, Ampadu starts for Wales, check full line-ups; Follow Live Updates, By Kunal Dhyani – September 26, 2020 Cricket Esports Cricket Facebook Twitter by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyImprove Your Spelling With This Helpful Browser ExtensionGrammarlyE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineMicrosoftBring your desktop to life with Bing WallpaperMicrosoftSay to @Jaseholder98, #OrangeArmy! #ReturnOfTheRiser #KeepRising #IPL2020 pic.twitter.com/jqlfpuKw7B— SunRisers Hyderabad (@SunRisers) September 26, 2020Jason Holder will now be confined to his hotel room for six days as he undergoes quarantine as a precautionary measure against the coronavirus. If he returns with three negative COVID tests in this time frame, then he will join their teammates in training ahead of the tournament.Meanwhile, Sunrisers Hyderabad will lock horns with Kolkata Knight Riders on Saturday at Sheikh Zayed Cricket Stadium tonight PSL 2021 Playoffs LIVE – How to watch Pakistan Super League Playoffs Live Streaming on your Mobile, Laptop Cricket Share on Facebook Tweet on Twitter Football WTC Final Day 3 LIVE Score: Latham, Conway take Kiwis past fifty; NZ 57/0 (29 ovs)- Follow Live Updates West Indies Test captain Jason Holder, who replaced Sunrisers Hyderabad allrounder Mitchell Marsh has arrived in UAE.SRH official took their social media account to share the news and wrote:Say Hi to @Jaseholder98 CricketIndian premier leagueIndian premier league 2020SportSport News Bett1Open 2021 Final: Liudmila Samsonova beat Belinda Bencic to clinch title Football RELATED ARTICLESMORE FROM AUTHOR Euro 2020, Switzerland vs Turkey LIVE: Must-win game for both teams, Kickoff at 9.30PM IST; Follow Live Updates IPL 2020 KKR vs SRH : Jason Holder arrives in UAE to join SRH squad Football TAGSIndian Premier LeagueIPL 2020IPL 2020 in UAEJason Holder in UAEJason Holder SRH SHARE Wimbledon 2021 LIVE streaming: When, where and how to watch year’s third Grand Slam’ in you country, India WTC Final: Sunil Gavaskar reacts to Ajinkya Rahane dismissal says, ‘Only explanation is that he was going for his fifty’ PSL 2021 Playoffs Live: How to watch PSL 2021 Playoffs LIVE streaming in your country, India PUBG Mobile – Krafton IPO: PUBG Mobile promoters Krafton ready to break all records, aims 5 billion IPO Previous articleKKR vs SRH Dream11 IPL 2020 Prediction: Should you have Kane Williamson in your Kolkata Knight Riders vs Sunrisers Hyderabad Dream11 playing XINext articleIPL 2020 : Swiggy launches 3 films to celebrate IPL 2020 Match Day Mania Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsored Cricket Cricket PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to knowlast_img read more

Constance Hotels Services Limited (CHSL.mu) HY2013 Interim Report

first_imgConstance Hotels Services Limited (CHSL.mu) listed on the Stock Exchange of Mauritius under the Tourism sector has released it’s 2013 interim results for the half year.For more information about Constance Hotels Services Limited (CHSL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Constance Hotels Services Limited (CHSL.mu) company page on AfricanFinancials.Document: Constance Hotels Services Limited (CHSL.mu)  2013 interim results for the half year.Company ProfileConstance Hotels Services Limited is a Mauritian company engaged in the management and ownership of hotels and resorts that include Ultimate hotels and Unique resorts in the Indian Ocean. The Ultimate hotels collection includes Constance Le Prince Maurice- Mauritius, Constance Lemuria- Seychelles and Constance Halaveli- Maldives whilst the company’s Unique resorts collection includes Constance Belle Mare Plage- Mauritius, Constance Ephelia- Seychelles, Constance Moofushi- Maldives and Constance Tsarabanjina- Madagascar. Constance Hotels Services Limited is listed on the Stock Exchange of Mauritius.last_img read more

Fifth of Brits have donated to charity in last three months

first_img  382 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 Tagged with: COVID-19 Research / statistics Melanie May | 4 August 2020 | News One in five people in the UK have donated to charity in the last three months, despite the pandemic’s impact on finances, YouGov research has found. YouGov looked at YouGov Profiles to find out what proportion of Brits had donated in the past three months, as well as insights into who had been giving. Examining data on over 17,000 people who had donated in the past three months, it found that donors were most likely to be older people, with 48% being aged 55 and above, followed by 40-54 year olds, at 23%.  They were also more likely to be female than male with 54% of those that had given identifying as such.More donors gave money as an ad hoc event (51%) than as part of a regular donation schedule (43%). One in nine (11%) however gave ad hoc donations as well as structured contributions.YouGov’s research also looked at how much disposable income those who had donated said they had. Those that gave tended to have less than those that didn’t, with 18% of donors saying they had just £1-£125 disposable income, 15% having £125-£249, and 14% of donors saying they had £250-£499 to spare. In comparison, 9% of those who had donated were in the bracket for the most disposable income (£1000+), and 6% in the bracket below that (£750-£999).The top five causes donated to were:Health and medicine (30% of those who had donated)Animals – 27% of donorsChildren – 20% of donorsCommunity –  12% of donorsEnvironment & conservation – 11% of donorsYouGov also noted that people who had donated in the last three months were more likely than non-donors to agree with the statements “I make an effort to support local business” (75%, compared to 67% of the general population) and “I try to buy products made in my home country (64% vs 56% of all Britons).   381 total views,  2 views today Advertisement Fifth of Brits have donated to charity in last three months About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

The Civil War: Lessons for today’s struggle

Below are excerpts from the book “The Klan and the Government: Foes or Allies?” written in 1983 by Sam Marcy, the founder of Workers World Party. The entire book can be read online at workers.org.In the Civil War in the U.S., the bourgeois democratic revolution was aborted. It did result in ending involuntary servitude. It freed the Black people from their legal ties to the slavocracy. But it failed to carry out the rest of the basic and revolutionary measures which were necessary for formal equality with the white population.Nevertheless, as a result of the revolutionary prosecution of the war against the Southern slavocracy, the Southern slave state governments were immensely weakened and in part replaced through federal intervention and military occupation by the central government.These measures were made necessary in order to defend the rights of the Black people and to insure that the Southern slave-state governments did not violate the new federal legislation which the U.S. government had promulgated.The Southern state governments were thus under the jurisdiction of the U.S. military and had to obey its orders. Unable to do anything legally to subvert the new status and rights of the Black people, the Southern planters resorted to building a conspiratorial terrorist organization to supplement the Southern states’ legalized governments.We see therefore that the KKK arose as an illegal, extra- governmental secret apparatus, nourished, promoted, and organized by the then legalized governments of the South. …Need for people’s militiaThe duty of the federal government in the South under Presidents Lincoln, Johnson, Grant, and Hayes was not merely to juridically proclaim and defend the rights of the freed men and women. Its duty was also to train, educate, and organize them, above all on a military basis so they would be able to properly defend themselves against the violence instigated and perpetrated by the revival of the slavocracy’s political power.It was not enough to have subdued the slavocracy militarily. There had to be a counter-force or a parallel force as against the armed forces and repressive organs still wielded by the Southern states, notwithstanding the breakup of the old Confederacy.It’s true that the Confederacy seemed crushed and powerless, insofar as exercising its political sway against the Northern bourgeoisie. But the old planter aristocracy was permitted to rebuild and revive on the basis of retaining all its private property and land as well as whatever financial and commercial assets it still had.Under these circumstances, the economic and state power of the planter aristocracy remained an overwhelming force as against the Black people, notwithstanding the gains made — including those in the state legislatures of the South. What the Black population needed to resist the growth of the KKK was an organized militia, trained, armed, and financed by the federal government to protect and defend their newly won rights and also to contest the planters’ right to the land — which the former slaves were entitled to no less than the serfs in Europe during the bourgeois revolutions there. …Treachery of Northern bourgeoisieThe federal government retreated under pressure from many of the capitalists in the North who felt that they had got what they wanted. … As a result the treacherous bourgeoisie withdrew the federal troops from the South and left the Black people defenseless against the KKK. The Southern aristocracy thereafter began a large-scale campaign to secretly recruit, organize, and promote the Klan as a mass terror weapon with an extra-legal and extra-state character, in order to destroy the ability of the Black people to utilize their newly won legal rights as proclaimed by the Constitution. The right of self-defense was virtually nullified by the withdrawal of federal troops from the South. …Bourgeois scholars of Reconstruction, especially the more reactionary ones, underestimate the tremendous role played by the Black people in achieving the victory over the Southern oligarchy. They do everything to belittle the role of Black people and only rarely is there any mention of what W.E.B. Du Bois in his great book “Black Reconstruction” calls the general strike of Black people, that is, the abandonment of service on the plantations and the support it rendered to the Northern army, which was indispensable for the victory over the plantation aristocracy. …FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this read more

Al Dustour editor sentenced to six months in prison

first_img Reporters Without Borders condemns the six-month prison sentence that a criminal court in the Cairo district of Bulak Abu Al-Ala imposed on 26 March on Ibrahim Issa, the editor of the weekly Al Dustour. Although courts previously dismissed eight other similar complaints against him, Issa was finally convicted under articles 171 and 188 of the criminal code of publishing false information “liable to harm the general interest and the country’s stability.” He was also fined 200 pounds (30 euros).“The authorities are continuing the campaign of intimidation against independent journalists that began at the start of 2007,” Reporters Without Borders said. “Comments about the necessary limits on press freedom made by the judge the day after passing sentence are indicative of the judiciary’s general attitude towards the media.”The case dates back to 5 September 2007, when a member of the ruling National Democratic Party brought a complaint about articles referring to rumours about President Hosni Mubarak’s health. Issa’s lawyer told Reporters Without Borders he thought the conviction was unjustified as eight other complaints brought by pro-government lawyers against Issa in 2007 for the same reasons were dismissed on the grounds that there was “no direct, family link between the plaintiffs and the president.” He added that he intended to appeal.A case involving Issa and the editors of three other weeklies – Adel Hammouda of Al-Fagr, Wael Al-Abrashi of Sawt Al-Umma and Abdel-Halim Qandil of Karama – is meanwhile due to be heard by an appeal court on 5 April. A criminal court in the Cairo district of Al-Aguza sentenced them on 13 September 2007 to a year of forced labour and fines of 20,000 pounds (2,600 euros) for publishing false information “liable to harm the general interest and the country’s stability.” March 28, 2008 – Updated on January 20, 2016 Al Dustour editor sentenced to six months in prison RSF_en Organisation EgyptMiddle East – North Africa News Detained woman journalist pressured by interrogator, harassed by prison staff EgyptMiddle East – North Africa News January 22, 2021 Find out more February 1, 2021 Find out morecenter_img News to go further News Help by sharing this information Follow the news on Egypt Less press freedom than ever in Egypt, 10 years after revolution Receive email alerts February 6, 2021 Find out more Al Jazeera journalist Mahmoud Hussein back home after four years in prisonlast_img read more

Metro Gold Line Repairs on Wednesday Will Slow Commutes

first_imgHerbeauty10 Female Celebs Women Love But Men Find UnattractiveHerbeautyHerbeautyHerbeautyTips From A Professional Stylist On How To Look Stunning In 2020HerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty7 Things You Should Never Share With Other PeopleHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeauty Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Name (required)  Mail (required) (not be published)  Website  Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. First Heatwave Expected Next Week 0 commentsShareShareTweetSharePin it Pasadena commuters on the Metro Gold Line will have to adjust their schedules Wednesday, October 21, when crews conduct updating work on the line’s emergency infrastructure near the Highland Park Station.Because of the work, trains will share one track at Highland Park, and trips will be 15 minutes apart between 9:30 a.m. and 2:30 p.m.A Gold Line advisory says Pasadena-bound trains will depart Atlantic Station at 9:02, 9:17, 9:32, 9:47, 10:02, and 10:17 a.m., and every 15 minutes through 2:30 p.m.Pasadena-bound trains will leave Union Station at 9:08, 9:26, 9:41, 9:56, 10:11, and 10:26 a.m., and every 15 minutes through 2:30 p.m.Downtown/East LA-bound trains will depart Sierra Madre Villa Station at 9:13, 9:28, 9:43, 9:58, and 10:13 a.m., and every 15 min through 2:30pm.East LA-bound trains depart Union Station at 9:31, 9:43, 9:58, 10:13, 10:28, and 10:43 a.m., and every 15 min through 2:30pm.Metro says all times are subject to work-related delays.On Friday and Saturday, crews will be performing late night and early morning trackl maintenance, requiring trains to share one track at Chinatown Station.Between 11:00 p.m. on Friday, October 23rd, and 7:00 a.m. Saturday, October 24th, trips on the Gold Line will be 20 minutes apart due to the maintenance work. No schedule is currently available. Commuters are advised to check back at Metro’s advisory page, www.metro.net/service/advisories, for updates. Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff latest #1 Metro Gold Line Repairs on Wednesday Will Slow Commutes Published on Monday, October 19, 2015 | 12:05 pm Community Newscenter_img Top of the News Make a comment Community News Subscribe Business News Your email address will not be published. Required fields are marked * faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

GreenVision Acquisition Corp. Announces Merger Agreement With Helbiz, Inc. to Become the First Micro-Mobility…

first_imgLocal NewsBusiness GreenVision Acquisition Corp. Announces Merger Agreement With Helbiz, Inc. to Become the First Micro-Mobility Company Listed on NASDAQ WhatsApp Pinterest By Digital AIM Web Support – February 8, 2021 Twitter Facebook NEW YORK–(BUSINESS WIRE)–Feb 8, 2021– GreenVision Acquisition Corp. (“GreenVision”) (Nasdaq: GRNV), a special purpose acquisition company (“SPAC”), announced today that it has entered into a definitive agreement for a business combination with Helbiz, Inc. (“Helbiz”), a technology company that offers micro-mobility solutions for the world’s busiest cities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210208005690/en/ GreenVision Acquisition Corp. announces merger agreement with Helbiz, Inc. to become the first micro-mobility company listed on NASDAQ (Photo: Business Wire— The transaction will introduce Helbiz as a Nasdaq-listed public company. Upon closing of the transaction, which is expected to occur in the second quarter of 2021, it is expected that the combined company will retain the corporate name Helbiz and will be listed on the Nasdaq Capital Market under the proposed new ticker symbol, “HLBZ.” The transaction reflects an estimated equity value for the combined company of approximately $408 million. The combined company will continue to operate under the current Helbiz management team, led by Chief Executive Officer, Salvatore Palella. David Fu, Chairman and Chief Executive Officer of GreenVision, stated, “The micro-mobility industry is accelerating, and the total addressable market for North America and Europe is estimated to grow to $300 – $450 billion by 2030 according to McKinsey & Company’s ‘Micromobility’s 15,000-mile checkup’ Report. As one of the leaders in the space, Helbiz has distinguished itself as the only company to offer e-scooters, e-bicycles and e-mopeds all on one user-friendly platform and is well positioned to provide a seamless last-mile solution as the expected transition to micro-mobility accelerates. Helbiz has a proven and capital-light business model that combines hardware, software and services with extensive customer relationships. As such, we believe Helbiz will continue to grow its market position as the industry evolves. GreenVision and our investors are excited to partner with the talented Helbiz team to advance their vision.” Salvatore Palella, Founder and Chief Executive Officer of Helbiz, commented, “We are excited about this transaction, which will enable us to advance the development of our micro-mobility platform to further strengthen our market leadership globally. We believe that the access to capital from this transaction will allow us to turn the page to the next chapter in our company’s journey, which will push technological boundaries and explore services for the future of transportation. Through this transaction, we’re committed to fulfilling our vision in revolutionizing transport by using micro-mobility to become a seamless last mile solution.” Investment HighlightsHelbiz offers the most diverse fleet of vehicles to meet different needs. It is one of the only companies in the micro-mobility space that offers e-scooters, e-bicycles and e-mopeds all on one convenient user-friendly platform. Helbiz is committed to being 100% carbon neutral.The company is well-positioned for growth and has the ability to scale to a broad customer base across multiple markets.It has a proven, scalable business model that delivers consistent and recurring revenue.Its proprietary technology enables precise and accurate geofencing, while its connected ecosystem of hardware and software, developed completely in-house, creates transparency and seamless scalability.Strong executive management team with operational and technical expertise and track record of success. Transaction Overview Upon the closing of the proposed transaction, assuming no redemptions by GreenVision stockholders and completion of the PIPE, Helbiz will have approximately $80 million in cash, resulting in an estimated equity value of approximately $408 million. Cash proceeds raised in the transaction will be used to fund operations, support growth, repay debt and for general corporate purposes. The proceeds will be funded through a combination of GreenVision’s approximately $57.5 million cash in trust account (assuming no redemptions) and the proposed $30 million PIPE. Existing Helbiz shareholders will be rolling 100% of their equity into the combined company. Upon the closing of the proposed transaction, it is expected that the combined company will retain the corporate name Helbiz and will be listed on the Nasdaq Capital Market under the proposed new ticker symbol, “HLBZ.” The boards of directors of both Helbiz and GreenVision have unanimously approved the proposed transaction, which is expected to be completed in the second quarter of 2021. Additional information about the business combination will be provided in a Current Report on Form 8-K that will contain an investor presentation to be filed with the Securities and Exchange Commission (“SEC”) and available at www.sec.gov. Advisors Ladenburg Thalmann & Co. Inc. is serving as financial advisor to Helbiz. I-Bankers Securities Inc. is serving as financial advisor, and Colliers Securities LLC is serving as capital markets advisor to GreenVision. Becker & Poliakoff, LLP served as legal counsel to GreenVision. Helbiz was assisted by Ortoli Rosenstadt LLP for the legal aspects in the USA. Conference Call and Webcast Information Investors may listen to a pre-recorded call discussing the proposed business combination later today at 9:00 am EST. The call may be accessed by dialing 1-833-693-0551 for domestic callers or 1-661-407-1590 for international callers and enter the conference ID number 6760879. To access the webcast, please visit the Investor Info section of Helbiz’s website at https://helbiz.com. A replay of the call will be accessible at the webcast link. About GreenVision Acquisition Corp. GreenVision Acquisition Corp. is a newly organized special purpose acquisition company formed under the laws of the State of Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. About Helbiz Helbiz is a technology company that offers micro-mobility solutions for the world’s busiest cities. With more than 200 employees around the world, the company is the market leader in Italy and throughout Europe and is continuing to expand and hire local personnel to run its operations around the world. Launched in 2015 and headquartered in New York City, the company operates e-scooters, e-bicycles and e-mopeds in over 20 cities around the world including Washington D.C., Alexandria, Arlington, Atlanta, Miami, Richmond, Milan and Rome. Forward-Looking Statements Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s or GreenVision’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (ii) the ability of the Company to meet Nasdaq listing standards following the transaction and in connection with the consummation thereof; (iii) the inability to complete the transactions contemplated by the Merger Agreement due to the failure to obtain approval of the stockholders of the Company or the stockholders of GreenVision or other reasons; (iv) the failure to meet the minimum cash requirements of the Merger Agreement due to GreenVision stockholder redemptions and the failure to obtain replacement financing; (v) the failure to meet projected development and production targets; (vi) costs related to the proposed transaction; (vii) changes in applicable laws or regulations; (viii) the ability of the combined company to meet its financial and strategic goals, due to, among other things, competition, the ability of the combined company to pursue a growth strategy and manage growth profitability; (ix) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; (x) the effect of the COVID-19 pandemic on the Company and GreenVision and their ability to consummate the transaction; and (xi) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in GreenVision’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019. GreenVision’s SEC filings are available publicly on the SEC’s website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to GreenVision and Helbiz and speaks only as of the date on which it is made. GreenVision and Helbiz undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law. Additional Information about the Transaction and Where to Find It In connection with the proposed business combination, GreenVision will file a proxy statement with the SEC. Additionally, GreenVision will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. Security holders of GreenVision are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. GreenVision’s stockholders may also obtain a copy of the preliminary or definitive proxy statement, once available as well as other documents filed with the SEC by GreenVision, without charge, at the SEC’s website located at www.sec.gov or by directing a request to: GreenVision Acquisition Corp., One Penn Plaza, 36 th Floor, New York, New York 10019. Participants in Solicitation GreenVision and its directors and officers may be deemed participants in the solicitation of proxies of GreenVision’s shareholders in connection with the proposed business combination. Helbiz and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of GreenVision’s executive officers and directors in the solicitation by reading GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of GreenVision’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available. Non-Solicitation This press release does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. For more information, visit www.helbiz.com/investors. The information contained on, or that may be accessed through, the website referenced above is not incorporated by reference into, and is not a part of, this press release. View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005690/en/ CONTACT: For investor and media inquiries, please contact: In the United States: The Blueshirt Group Gary Dvorchak, CFA Phone: (323) 240-5796 Email:[email protected] of Change Marcy Simon Phone: (917) 833-3392 Email:[email protected] KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: TECHNOLOGY ALTERNATIVE VEHICLES/FUELS FINANCE AUTOMOTIVE CONSULTING OTHER TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE HARDWARE SOURCE: GreenVision Acquisition Corp. Copyright Business Wire 2021. PUB: 02/08/2021 04:30 PM/DISC: 02/08/2021 04:30 PM http://www.businesswire.com/news/home/20210208005690/encenter_img TAGS  WhatsApp Twitter Pinterest Facebook Previous articlePracticing medicine during COVID challengingNext articleKLDiscovery Inc. Signs New Credit Agreement to Refinance Existing Debt Obligations With Increased Capacity and Reduced Principal Amortization, Lowering Annual Debt Payments from $17 Million to $3 Million Digital AIM Web Supportlast_img read more

Tanaiste says Government assessing reasons for rejection of Croke Park 2

first_img Twitter WhatsApp Previous articleIrish exports reached record levels last yearNext articleIvor Callely charged with fraud and released on bail News Highland Twitter Tanaiste says Government assessing reasons for rejection of Croke Park 2 News Pinterest By News Highland – April 19, 2013 75 positive cases of Covid confirmed in North Pinterest Further drop in people receiving PUP in Donegal Google+center_img RELATED ARTICLESMORE FROM AUTHOR WhatsApp Google+ Facebook Man arrested on suspicion of drugs and criminal property offences in Derry The Tanaiste says the government will assess whether the Croke Park 2 deal was voted down because it was perceived as being anti-woman or anti-family.Eamon Gilmore says trade unions will provide the Government with an assessment of their reasons for rejecting the Croke Park 2 deal in the coming weeks.A newspaper report today says the government is examining whether the deal was rejected by women with children because of its adverse affect on childcare.But Eamon Gilmore says it will be some time before ministers know the true reason.”Well a feature of the public service generally is (a) high number of women who are employed in the public service – that’s right across the public service” he said.”But I think we need to hear the assessment that the unions make of the reasons why the agreement was voted down” he added. Main Evening News, Sport and Obituaries Tuesday May 25th 365 additional cases of Covid-19 in Republic Facebook Gardai continue to investigate Kilmacrennan firelast_img read more