Alternative Resources Group to Leverage Blockchain to Decentralize Power Grids in Developing Countries
COSTA MESA, Calif., July 16, 2018 /PRNewswire/ -- Alternative Resources Group (ARG), a U.S.-based energy project development company, is out to level the playing field by providing companies with more control over the power they need. By tokenizing large energy infrastructure projects, ARG will bring much-needed clean energy to regions in the world that historically have had challenges in getting competitive rates for traditional finance to fund these types of projects. ARG constructs privately owned decentralized power plants in geographic areas that would otherwise be decades away from access to traditional power grids or sufficient supply.
Global Businesses Turn to Oracle Blockchain Service to Speed Transactions Securely
REDWOOD SHORES, Calif., July 16, 2018 /PRNewswire/ -- Businesses around the world have been deploying an early adopter version of Oracle Blockchain Cloud Service, which becomes generally available today. The service allows organizations to easily build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale. Arab Jordan Investment Bank, CargoSmart, Certified Origins, Indian Oil, Intelipost, MTO, Neurosoft, Nigeria Customs, Sofbang, Solar Site Design and TradeFin are among the many global organizations that already have adopted Oracle's blockchain platform.
Hut 8 Completes Construction at Medicine Hat Facility Ahead of Schedule, 40 BlockBoxes Now Operational
Operational capacity increases by 150% in the City of Medicine Hat to a total of 40 BlockBoxes
Prophet Officially Launches Globalization Strategy with the Goal of "All People Predict, the World Shares"
HANGZHOU, China, July 16, 2018 /PRNewswire/ -- Relying on a powerful product and operations ability, Prophet has acquired 420,000 effective registered users, becoming the world-leading distributed prediction platform. Moreover, the globalization development strategy of "All people predict, the world shares" has just been announced. In addition, the Prophet team will initiate an incentive mechanism of 2% token towards global recruitment of community operations. The Prophet foundation plans to provide services to 50 million users around the globe in the next 3 years, and set up a full-domain standardized prediction contract trading platform (for finance purposes) and UGC contract trading platform (for social purposes) globally, in order to realize risk swap and value circulation around the globe. Prophet: Leading Blockchain Prediction Platform Worldwide Prophet is a prediction platform based on GXChain. Prophet makes full use of distributed public ledgers to increase the transparency of the prediction market. At the same time, Prophet encourages users to publish prediction events on the platform through token-based economic incentives. In this way, users can share their wisdom with the community. To consumers, Prophet is committed to building a mobile social prediction platform; to businesses, Prophet is committed to building an enterprise internal decision-support forecasting system. The mission of Prophet is to become the smartest product worldwide, gathering the wisdom of the user community to effectively predict the future. Prophet secured tens of thousands of dollars during the institutional round of financing in June of this year, which was led by some of the top VCs within the blockchain industry including Liaode Capital, Shen Bo from Fenbushi Capital, GXB, GX Capital, Bit-z, Xinghe Capital and Hash Captial. The product of Prophet was launched on May 28th. Riding on its superior product experience and immense support from users, it only took 3 days to become the leading blockchain prediction platform worldwide, The World Cup event provided a huge boost for the popularity of the product. As of July 12th, 2018, the number of registered users reached 419,964, the number of prediction events reached 12,382,182 person-time, and the single-event highest prediction reached 172,202 person-time. All aspects of data are leading among all blockchain prediction platforms in the globe. To the customer, the Prophet team is dedicated to the distributed mobile social prediction platform; To businesses, the team is dedicated to the development and operations of a corporate decision-making support system. On the Prophet platform, authentic equality and openness, data-transparent and non-barrier contract deals could be truly realized. Applications of blockchain technology and token economy have really provided a solid foundation for the borderlessness and globalization of the Prophet prediction platform. Globalization Development Strategy In order to provide better products and services, Prophet will further upgrade its branding and products in the near future to better cater to international and corporate users, and they officially announced the "All people predict, the world shares" globalized development strategy. As the leading blockchain prediction platform in the industry, Prophet officially launches globalized investments and development processes. Through investment, cooperation and stationing, Prophet has established partnerships with South Korea, Japan, Southeast Asia, and Euramerican countries and regions, to jointly advance the development of product technology, promotions in all markets around the globe, and establishment and operations of the communities. According to the founder of Prophet, Fan Yayun, Prophet will launch stationing of Japanese and South Korean markets and community establishment, and the establishment of subsidiaries in Japan, South Korea, and Europe are underway. Team globalization, user globalization, community globalization, operations globalization, investor globalization are all part of Prophet's globalization strategy. Presently, Prophet has reached cooperation intentions with two Korean blockchain services companies, and will soon be finalized. The Prophet foundation plans to provide services to 50 million users around the globe in the next 3 years and set up a full-domain standardized prediction contract a trading platform (for finance purposes) and UGC contract trading platform (for social purposes) globally, in order to realize risk swap and value circulation around the globe. International Team The Prophet team consists of 20 full-time members, 80% of which come from top universities including ZheJiang University, Fudan University, and Shanghai Jiao Tong University. Fan Yayun, CEO of Prophet, obtained a master's degree of finance from Fudan University. As a serial entrepreneur, Fan has rich working experience in Bain, General Electric Company and China Securities Co., Ltd., and has joined investing in multiple blockchain projects; Other core team members are from Goldman Sachs, McKinsey, Google, JD.COM and Chinese-listed companies, and they all have overseas learning and working experience. The team has also further attracted many overseas talents to join. There are 10 core developers on the team. Others are responsible for operations, products, and UI design. To further improve the community development, Prophet team will initiate incentive mechanism of 2% token towards global recruitment of community operations. For further information, please visit the website: www.ppset.io View original content with multimedia:http://www.prnewswire.com/news-releases/prophet-officially-launches-globalization-strategy-with-the-goal-of-all-people-predict-the-world-shares-300681182.html SOURCE Prophet
Live Investor Conference & Webinar: NASDAQ and OTC companies to present live on July 12th
Company executives share vision, answer questions live at VirtualInvestorConferences.com
Live Investor Conference & Webinar: NASDAQ and OTC companies to present live on July 12th
Company executives share vision, answer questions live at VirtualInvestorConferences.com
Rafael Holdings to Ring the NYSE Opening Bell
NEWARK, N.J., July 6, 2018 /PRNewswire/ -- The Chairman and CEO of Rafael Holdings, Inc., (NYSE American: RFL), Howard Jonas, will ring the NYSE Opening Bell® on behalf of the Company at 9:30 this morning, Friday, July 6(th).
IPC Continues to Shatter Waters Rankings Records With New 2018 Wins
NEW YORK, July 16, 2018 /PRNewswire/ -- IPC, a leading global provider of secure, compliant communications and networking solutions for global financial market participants, has won the highest rankings by the financial markets industry in the 2018 Waters Rankings, with its cloud-based SaaS Unigy 360 platform capturing the "Best Cloud Infrastructure Provider" category, and its Unigy platform securing "Best Trading Floor Communication System Provider." This marks the first time Unigy 360 has been recognized in the Waters Rankings -- last year's "Best Cloud Infrastructure Provider" was Amazon Web Services. In addition, Unigy has broken all records for repeated wins in a single category and this marks the thirteenth time as "Best Trading Floor Communication System Provider" in the 16 years of the Waters Technology readers' choice awards competition. "Customers, industry leaders and experts from across the globe have proven through this ranking the immense value Unigy 360 brings in easing the transformation to cloud-based models for infrastructure flexibility," said Bob Santella, Chief Executive Officer of IPC. "We are proud to provide our customers with new and innovative technologies like Unigy 360 while continuing to highlight the timeless value of a unified communications solution like Unigy." IPC's Unigy 360 is the industry's first cloud-based SaaS solution to address the most complex and challenging communications and workflow requirements of regulated users in the global financial markets. Unigy 360 offers the advantages of IPC's industry-leading Unigy® platform for unified communications and applications along with the simplicity and scalability of a cloud-based solution. The solution also includes the Unigy 360 application, which provides reliable, secure and "anytime, anywhere, any device" access to counterparties, liquidity, and trade lifecycle services. "It was a record-breaking year in terms of the number of votes cast in the Waters Rankings, with an incredibly high standard," said Victor Anderson, editor-in-chief of Waters and WatersTechnology. "IPC's Unigy and Unigy 360 platforms came out on top in their respective categories, proving the importance of innovative solutions in today's trading environment." The Waters Rankings are the annual readers' choice awards of Waters Magazine, which recognize the combined leadership of technological capabilities and human expertise in various categories. Qualified voters participating in the Waters rankings are from buy and sell-side firms as well as exchanges and inter dealer brokers. About IPCIPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected. Visit ipc.com and follow us on Linkedin and Twitter (@IPC_Systems_Inc). Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or similar terminology. Any forward-looking statements are based on current expectations, assumptions, estimates and projections. Such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. Actual results may differ materially from any future results expressed or implied by these forward-looking statements. Media Contacts: Patrick Chambeau Zander Wharton IPC Systems, Inc. Finn Partners for IPC +33 1 55 82 91 50 +1 646-688-7812 email@example.com firstname.lastname@example.org Hannah Townsend Raewyn McBain Finn Partners for IPC Pink Tiger Media for IPC +44 207 017 8422 +852 9765 9275 Hannah.Townsend@finnpartners.com Raewyn.McBain@pinktigermedia.com View original content with multimedia:http://www.prnewswire.com/news-releases/ipc-continues-to-shatter-waters-rankings-records-with-new-2018-wins-300680802.html SOURCE IPC Systems, Inc.
Sterlite Power Wins 6 New Transmission Projects in Brazil
MUMBAI, India, July 12, 2018 /PRNewswire/ --
Tradier Brokerage, Inc. Teams Up With Ticker Tocker For Partnership That Grants Clients Access To Unlimited Commission Free Equity Trading
DANBURY, Conn., July 11, 2018 /PRNewswire/ -- Ticker Tocker, a new integrated trading productivity platform to support both institutional and novice traders to quickly find, test, learn, share, and/or execute trades, announced today that it has signed an exclusive partnership with Tradier Brokerage, Inc. This partnership will allow all subscribers that link their Tradier accounts with Ticker Tocker to receive an unlimited amount of commission free equity trades for the duration of their active membership with the new Ticker Tocker platform.
InterTrader Unveils Powerful New Platform Designed for Professional Traders
LONDON, July 3, 2018 /PRNewswire/ --
FXTM Brand Ambassador Lewis Pugh Begins the Long Swim
LONDON, July 16, 2018 /PRNewswire/ -- On 12 July, 2018, FXTM presented the start of the Long Swim - UN Patron of the Oceans and FXTM Brand Ambassador Lewis Pugh's monumental challenge, aiming to set a world record upon completion of the first swim along the entire length of the English Channel. (Photo: https://mma.prnewswire.com/media/718950/FXTM_Long_Swim.jpg ) Global award-winning forex broker, FXTM, hosted the start of The Long Swim on Thursday, July 12, from Land's End in Cornwall, England. UN Patron of the Oceans and FXTM Brand Ambassador Lewis Pugh has embarked on the greatest challenge of his career: a world-first attempt at swimming the entire length of the English Channel from Land's End to Dover in order to raise awareness about the plastic pollution issues facing the world's oceans. The Long Swim will be the longest challenge of Pugh's illustrious career as an endurance swimmer and ocean advocate, the first in a planned Action for Oceans campaign over the next decade, with the ultimate goal of getting the UK government to help secure 30% of its seas as Marine Protected Areas (MPAs) by the year 2030. Pugh plans to cover 10-20km a day, estimating that the challenge will take him approximately 50 days. As the sole Lead Partner of The Long Swim, FXTM has merged corporate responsibility with its core values of education, trust and appreciation to successfully partner with a renowned athlete and activist, aligning its brand with a vital cause. On Tuesday, July 10, an official media launch event was held at the Civil Engineers Institution in London. Nicholas Defteras, CEO of FXTM, said "Lewis' actions are focused on three pillars: he wants to alert us, to inform us, and ultimately to make us more conscientious. We have the exact same pillars at FXTM, because informing and educating our clients is a never-ending process. The motto we chose for this campaign - Our Oceans. Our Time - quite literally highlights the urgency that the issue has. There is never going to be a better time to take action." The partnership marks a milestone for both broker and ocean advocate; through the collaboration FXTM is initiating its first global CSR campaign while Lewis Pugh aims to set a new world record upon completion as the first person to swim along the 560km length of the English Channel. Keep up with his progress by following #FXTMGoesBlue on social channels. To read more about this partnership, please visit FXTM. Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. Please read FXTM's full Risk Disclosure (http://www.forextime.com/regulatory-compliance/risk-disclosure/). NOTES TO EDITORS ForexTime Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC), with licence number 185/12 and licensed by the SA FSB with FSP number 46614. Forextime UK Limited is authorised and regulated by the Financial Conduct Authority in the UK, firm reference number 777911. FT Global Limited is regulated by the International Financial Services Commission (IFSC) with license numbers IFSC/60/345/TS and IFSC/60/345/APM.
MAXIMUS Declares Quarterly Cash Dividend of $0.045 per Share
RESTON, Va., July 12, 2018 /PRNewswire/ -- MAXIMUS (NYSE: MMS), a leading provider of government services worldwide, announced today that its Board of Directors has approved a quarterly cash dividend of $0.045 per share, payable on August 31, 2018 to shareholders of record on August 15, 2018.
UPDATE - Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date June 29, 2018
NEW YORK, July 11, 2018 (GLOBE NEWSWIRE) -- At the end of the settlement date of June 29, 2018, short interest in 2,348 Nasdaq Global MarketSM securities totaled 7,435,196,979 shares compared with 7,442,061,087 shares in 2,334 Global Market issues reported for the prior settlement date of June 15, 2018. The end-of-June short interest represents 3.65 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.21 days for the prior reporting period.
Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date June 29, 2018
NEW YORK, July 11, 2018 (GLOBE NEWSWIRE) -- At the end of the settlement date of June 29, 2018, short interest in 2,348 Nasdaq Global MarketSM securities totaled 7,435,196,979 shares compared with 7,442,061,087 shares in 2,334 Global Market issues reported for the prior settlement date of June 15, 2018. The end-of-May short interest represents 3.65 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.21 days for the prior reporting period.
MoneyOnMobile Provides Update to Shareholders
DALLAS and MUMBAI, India, July 16, 2018 /PRNewswire/ -- MoneyOnMobile, Inc. (OTCQB: MOMT), one of India's largest mobile phone-based payment networks, announced today an update to shareholders on the filing of the FY2018 10-K and on the application to list on Nasdaq via the following statement from Harold Montgomery, Chairman and Chief Executive Officer, MoneyOnMobile: "As our shareholders may already know, we are in the process of completing our recent Rights Offering. During the subscription period of the rights offering, we received $7.5 million in subscriptions, for which we have the corresponding funds in escrow. We are currently working with Nasdaq on our uplist application, which is a condition to closing of the offering. When the conditions to closing have been satisfied, the escrowed funds will be released and delivery of shares initiated. Based on current information, we believe a determination by Nasdaq will be made on or around the date we file our 10-K." Mr. Montgomery also stated, "We want to make our shareholders aware that we have passed the deadline for filing our FY2018 10-K. In March of this year, we announced a new audit firm would be engaged to audit our FY2018 10-K and review subsequent quarterly filings. The new firm has been actively engaged and on-site in India since May. They have been doing a very thorough job in the opinion of management." Mr. Montgomery then added, "The delay in filing our FY 2018 SEC Form 10-K may also prompt a temporary designation by the OTC Markets as a late filing Company. We are confident our company will complete the audit and provide the SEC with the necessary filings." About MoneyOnMobile, Inc. MoneyOnMobile, Inc. is an India focused mobile payments technology and processing company offering mobile payment services. MoneyOnMobile enables Indian retailers to use mobile phones to accept payment for goods and services or transfer funds from one person to another. It can be used as simple SMS text functionality or through the MoneyOnMobile application or internet site. MoneyOnMobile has more than 350,000 retail locations throughout India. Safe Harbor Statement This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on July 6, 2017. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Investor and Media Relations Contact:Greg Allbright+1 (214) email@example.com View original content with multimedia:http://www.prnewswire.com/news-releases/moneyonmobile-provides-update-to-shareholders-300681680.html SOURCE MoneyOnMobile, Inc.
Explore the Tastes and Sounds of the Golden State with the New California Avocado Summer Soundtrack Cookbook
IRVINE, Calif.--(BUSINESS WIRE)-- The summer season in California is synonymous with warm and sunny beach days, al fresco dining and of course, great music. Just in time for the pe
Gold Resource Corporation Mina Gold Phase Two Drill Results and Gold Mesa Property Update
COLORADO SPRINGS, Colo., July 16, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the “Company”) today announced phase two drill highlights from its Mina Gold exploration property located in Mineral County, Nevada. Mina Gold near surface high-grade gold intercepts include 15.24 meters of 3.34 grams per tonne (g/t) gold from surface and 12.19 meters of 2.98 g/t gold from 6.10 meters downhole. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $111 million to its shareholders in monthly dividends since commercial production commenced July 1, 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
CUI Global Subsidiary Orbital UK Secures Contract for Large Scale Biomethane-to-Grid Skids from Major Natural Gas Network Operator
HOUSTON, July 16, 2018 /PRNewswire/ -- CUI Global, Inc. (NASDAQ: CUI) announced today that its wholly-owned Energy subsidiary, Orbital Gas Systems Ltd. ("Orbital UK" or the "Company"), has secured a contract from a major UK gas operator for its large scale, biomethane metering skids that includes the Company's proprietary GasPT® analyzer and VE Technology® sample probe. The contract, valued at £500,000 (USD $660,000), is for the first of several skids anticipated to be designed, built, and delivered to the customer following the UK's recent approval of the Domestic and Non-Domestic Renewable Heat Incentive ("RHI") Scheme, which went into effect on May 22, 2018.
SHARC CEO Lynn Mueller Nominated for 2018 E.C. Manning Innovation Awards
VANCOUVER, British Columbia, July 17, 2018 (GLOBE NEWSWIRE) -- Sharc International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWD) ("SHARC" or "the Company") is pleased to announce that the Companyâs CEO, Lynn Mueller and the revolutionary SHARCâ¢ wastewater heat exchange system has been nominated for the 2018 Ernest C. Manning Innovation Awards for the British Columbia and Yukon region.The 2018 Manning Innovation Awards encourage imaginative innovators to take a chance and create something that will positively impact Canada and the world for many years to come. Awards are given to the most ground-breaking and modern nominees across Canada.Every year since 1982, the Ernest C. Manning Awards Foundation has been creating a culture of innovation in Canada by discovering, celebrating and rewarding Canadian innovators of all ages. They tell the stories of Canadian innovators who are improving the lives of Canadians and others around the world through their commercialized innovations. Nominees may be eligible for one of four Awards, from the $100,000 Principal Award to the $10,000 Innovation Award.Lynn Mueller, Chief Executive Officer of SHARC, stated, âWe are humbled to have been nominated for an E.C. Manning Award as one of the best and brightest innovators Canada has to offer, and shows the dedication of the SHARC stakeholders and its employees who work so hard to provide the right outcomes for the environment.âAbout SHARC International SystemsSHARC International Systems Inc. is a world leader in thermal heat recovery. SHARCâ¢ technology systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings. SHARC is publicly traded in Canada (CSE:SHRC), the United States (OTCQB:INTWF) and Germany (Frankfurt:IWIA).Further information about the Company is available on our website at www.sharcenergy.com or under our profile on SEDAR at www.sedar.com.ON BEHALF OF THE BOARDâLynn MuellerâChairman and Chief Executive OfficerFor further information, please contact:Ray CrowleyTelephone: 604 782 0773Email: firstname.lastname@example.orgNeither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bdfb2668-8ab2-4ab6-8131-d871cf0358d0
Horizons ETFs Announces Changes to Risk Ratings for Certain ETFs
TORONTO, July 10, 2018 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has announced changes to the risk ratings applicable to certain of its covered call ETFs. The changes in risk ratings are effective immediately and detailed in the table below:
RBC Global Asset Management Inc. announces June sales results for RBC Funds, PH&N Funds and BlueBay Funds and second quarter sales for RBC ETFs
TORONTO, July 9, 2018 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced June mutual fund net sales of $332 million. Long-term funds had net sales of $230 million and money market funds had net sales of $102 million. Mutual fund assets under management increased by 0.8 percent.
Horizons ETFs Announces the Champion of the "Biggest Winner 8" Competition
TORONTO, July 3, 2018 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and National Bank Direct Brokerage ("NBDB") are pleased to announce that Joel Couture from Lévis, Quebec is the grand prize winner of the Horizons ETFs Biggest Winner 8 Trading Competition (the "Competition"). With the highest six-week cumulative return of 16.26%, Mr. Couture has been awarded the grand prize of $7,500.
AdvisorShares Launches Dorsey Wright Micro Cap ETF (DWMC) and Dorsey Wright Short ETF (DWSH)
BETHESDA, Md., July 12, 2018 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced that the AdvisorShares Dorsey Wright Micro Cap ETF (Ticker: DWMC) and the AdvisorShares Dorsey Wright Short ETF (Ticker: DWSH) began trading on July 11, 2018. DWMC and DWSH are actively managed by Nasdaq Dorsey Wright who are renowned for their core philosophy of relative strength investing, which involves buying securities that have appreciated in price more than the other securities in their investment universe and holding those securities until they exhibit sell signals. Both DWMC and DWSH follow this core philosophy and use technical, systematically-driven approaches that refrain from using fundamental company data and remove any human emotion from the day-to-day decision making. Dorsey Wright also utilizes their proprietary relative strength approach as the portfolio manager for the AdvisorShares Dorsey Wright ADR ETF (Ticker: AADR), which carries a five-star Morningstar rating for its overall risk-adjusted performance and ranks among the top-performing international equity strategies among both mutual funds and ETFs.1 DWMC seeks long-term capital appreciation by investing in exchange-listed micro cap equities with sufficient liquidity that have a market capitalization of less than $1 billion. DWMC invests in the micro cap securities that demonstrate the most favorable relative strength characteristics according to Dorsey Wright's proprietary methodology, resulting in a portfolio of approximately 150 holdings that aims to allow its winners to run while avoiding laggards. Some of the largest companies in the world began as micro caps and DWMC seeks to capitalize on the significant, upside growth potential of the most attractive, smallest-sized companies today as they work to become future market leaders. Conversely, the short equity DWSH seeks to turn laggards into winners. DWSH identifies and short sells securities that demonstrate the highest relative weakness from an investment universe primarily comprised of large-cap U.S.-traded equities. DWSH's dedicated short equity portfolio typically has 75-100 holdings that begin with a modified equal weighting. At certain technical levels during severe market downturns, the strategy can allocate its short exposure more broadly to the domestic equity market â by shorting individual ETFs or futures contracts â seeking to enhance its total return. DWSH's systematic and selective approach can serve as a hedge to long, domestic equity exposure, while offering the potential opportunity to add alpha to an investment portfolio especially during a bear market. "We're pleased to again partner with Dorsey Wright and deliver their proprietary micro cap strategy and short equity strategy as fully-transparent, operationally-efficient ETFs," said Noah Hamman, chief executive officer of AdvisorShares. "We've witnessed tremendous success with AADR and we believe that advisors will also discover DWMC and DWSH as compelling offerings to consider for their clients' long-short equity allocations." "ETFs represent an expanding frontier of innovation and investment accessibility for financial advisors," said Tom Dorsey, founder of Nasdaq Dorsey Wright. "As pioneers of technical analysis and relative strength investing, we're pleased to again share our portfolio management expertise through AdvisorShares with these fully-transparent ETFs that advisors may use to potentially benefit their investment practice." "DWMC and DWSH represent Dorsey Wright firsts, where we are managing micro cap equity and short equity investment strategies that follow our core relative strength philosophy," said John Lewis, CMT, senior portfolio manager at Nasdaq Dorsey Wright and the portfolio manager of AADR, DWMC and DWSH. "We believe that our technical, systematic approach can apply successfully across a multitude of investment strategies and this includes DWMC and DWSH, which also provide the structural benefits of fully-transparent ETFs." For financial professionals and investors requesting more information, please visit www.advisorshares.com or call an AdvisorShares investment consultant at 1-877-THE-ETF1 (1-877-843-3831). About AdvisorShares A leading provider in the actively managed ETF marketplace, AdvisorShares offers 15 active ETFs with $880 million of assets under management (as of July 1, 2018). Visit www.advisorshares.com to register for free weekly commentary and updates on our active ETF suite. Visit www.alphabaskets.com for educational insight into the active ETF marketplace, and follow @AdvisorShares on Twitter, and on Facebook. Before investing you should carefully consider the Funds' investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Funds' website at www.AdvisorShares.com. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, distributor. The Fund is subject to a number of risks that may affect the value of its shares, including the possible loss of principal. Stock prices of microcap companies are significantly more volatile, and more vulnerable to adverse business and economic developments, than those of larger companies. Micro cap stocks may also be thinly traded, making it difficult for the Fund to buy and sell them. There is no guarantee that the Fund will achieve its investment objective. The Fund is subject to a number of risks that may affect the value of its shares, including the possible loss of principal. Short sales are transactions in which the Fund sells a security it does not own. To complete the transaction, the Fund must borrow the security to make delivery to the buyer. The Fund is then obligated to replace the security borrowed by purchasing the security at the market price at the time of replacement. If the underlying security goes down in price between the time the Fund sells the security and buys it back, the Fund will realize a gain on the transaction. Conversely, if the underlying security goes up in price during the period, the Fund will realize a loss on the transaction. Any such loss is increased by the amount of premium or interest the Fund must pay to the lender of the security. Likewise, any gain will be decreased by the amount of premium or interest the Fund must pay to the lender of the security. Because a short position loses value as the security's price increases, the loss on a short sale is theoretically unlimited. Short sales involve leverage because the Fund borrows securities and then sells them, effectively leveraging its assets. The use of leverage may magnify gains or losses for the Fund. As with any fund, there is no guarantee that the Fund will achieve its investment objective. Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times. 1 Overall Morningstar rating is derived from a weighted average of the fund's three-, five-, and 10-year (if applicable) risk-adjusted returns as of May 31, 2018. AADR is in the Foreign Large Growth category, which consists of 345 funds in three-year, 307 in five-year, and 216 in 10-year. The Morningstar Ratingâ¢ for funds, or "star rating," is calculated for managed products with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three- and five-year Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns. © 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. View original content with multimedia:http://www.prnewswire.com/news-releases/advisorshares-launches-dorsey-wright-micro-cap-etf-dwmc-and-dorsey-wright-short-etf-dwsh-300679666.html SOURCE AdvisorShares
Receipt of Bond Consents issued by Worldpay Finance plc
CINCINNATI, July 16, 2018 /PRNewswire/ -- Worldpay Inc. (NYSE: WP; LSE: WPY) announces that Worldpay Finance plc (the "Company"), has received consents from holders of approximately 74.75% of its EUR500 million 3.75% Senior Notes due 2022 (the "Notes") (Reg S ISIN: XS1319701451, Rule 144A ISIN: XS1319700990), and guaranteed by Worldpay Group Limited (formerly Worldpay Group plc), following expiration of the consent solicitation (the "Solicitation") launched on 29 June 2018, pursuant to the consent solicitation statement of such date (the "Consent Solicitation Statement"). The consents were sought to approve the proposed amendments to the indenture governing the Notes (the "Indenture") to allow the Company to satisfy its ongoing reporting obligations under the Indenture by providing certain reports of Vantiv, LLC (in such capacity, the "Ultimate Parent Guarantor"), which is an indirect parent holding company of Worldpay Group Limited or any Parent Holdco (as defined in the Indenture) company of the Ultimate Parent Guarantor, as long as the Ultimate Parent Guarantor provides a guarantee of the Notes on the terms set forth in the Consent Solicitation Statement. The amendments also permit reports and calculations under the Indenture to be made based on GAAP or IFRS and make other related or consequential changes to the Indenture, as further described in the Consent Solicitation Statement. The amendments further provide for a guarantee of the Notes by the Ultimate Parent Guarantor and make certain other consequential or related changes reflecting such guarantee.
Solicitation of Bond Consents Issued by Worldpay Finance Plc
CINCINNATI, June 29, 2018 /PRNewswire/ -- Worldpay, Inc. (NYSE: WP; LSE: WPY) announces that a consent solicitation relating to the 3.75% Senior Notes due 2022 (the "Notes") (Reg S ISIN: XS1319701451, Rule 144A ISIN: XS1319700990) issued by Worldpay Finance plc (the "Company") and guaranteed by Worldpay Group Limited (formerly Worldpay Group plc) ("Worldpay Group") has commenced. The consent is sought for proposed amendments to provisions included in the indenture governing the Notes dated 10 November 2015 (the "Indenture"). The purpose of the consent solicitation is to amend the Indenture so that for as long as Vantiv, LLC, which is an indirect parent holding company of Worldpay Group, provides a guarantee of the Notes on the terms set forth in the Consent Solicitation Statement (as defined herein) (in such capacity, the "Ultimate Parent Guarantor"), the ongoing reporting requirements under the Indenture may be satisfied by reports of the Ultimate Parent Guarantor or any Parent Holdco (as defined in the Indenture) company of the Ultimate Parent Guarantor on the terms set forth in the Consent Solicitation Statement. The proposed amendments would also permit reports and calculations under the Indenture to be made based on GAAP or IFRS and to make other related or consequential changes to the Indenture. The Indenture will also be amended to provide for a guarantee of the Notes by the ultimate Parent Guarantor and make certain other consequential or related changes reflecting such guarantee. The consent solicitation will expire at 17.00 London time on 13 July 2018, unless extended or earlier terminated by the Company.
CoreVest Closes Sixth Securitization; Surpasses $1.2 Billion in Bonds
NEW YORK, July 16, 2018 /PRNewswire/ -- CoreVest, the leading lender to residential real estate investors, is pleased to announce the closing of its sixth securitization of commercial mortgage loans secured primarily by single family rental properties. The CoreVest American Finance 2018-1 Trust offering was backed by 117 loans totaling $236.8 Million. The loans are secured by 3,068 rental units situated in 29 states. CoreVest has securitized over $1.2 Billion of mortgage loans, making it the largest and most prolific private issuer of bonds backed by loans to residential investors. "We are excited to see the reception that our bond offerings are receiving in the structured finance market," commented Beth O'Brien, CEO of CoreVest. "Each of our offerings has been over-subscribed, with both repeat investors and new participants in the SFR market. Single Family Rental is now an established asset class." CAF 2018-1 was rated by Fitch, Kroll and Morningstar. The offering was lead managed by Morgan Stanley and Goldman Sachs; Wells Fargo was a co-manager. Morgan Stanley acted as sole structuring agent. The underlying collateral included five and ten year fixed-rate loans originated by CoreVest to professional investors in rental housing, including primarily single-family rental properties, but also multifamily properties, condominiums and townhomes. Each loan was secured by multiple individual properties on a cross-collateralized and cross-defaulted basis. "The securitization of mortgage loans allows CoreVest to provide attractive financing products to investors in rental housing," added Christopher Hoeffel, CFO. "We expect to be a frequent issuer of both NSRA-rated and GSE-supported securities." In 2017, CoreVest completed two SFR securitizations, including one that was wrapped by Freddie Mac through its inaugural offering of SR Certificates backed predominantly by SFR loans. CoreVest is also a seller-servicer for Freddie Mac's pilot program in SFR mortgage lending. The combination makes CoreVest the only lender to originate loans for all three securitization programs. About CoreVest CoreVest is the leading specialty finance company that provides a range of innovative debt solutions to residential real estate investors. The company offers portfolio and single-property term loans for stabilized rental properties as well as short-term credit lines and bridge financing. Founded in 2014 as Colony American Finance, the company has closed over $3.5 billion of loans and financed over 26,000 investment properties. Its products are tailor-made for the growing investor segment and feature attractive rates, rapid timelines and closing certainty. For more information, visit www.corevestfinance.com. Company ContactTuan Pham1email@example.com View original content with multimedia:http://www.prnewswire.com/news-releases/corevest-closes-sixth-securitization-surpasses-1-2-billion-in-bonds-300680938.html SOURCE CoreVest
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