Digital Asset DirectWhat’s Cool for School 2024
News Media Group, Inc.
Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
August 01, 2024 01:10 PM Eastern Daylight Time
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Digital Asset Direct
News ReleaseUQUID Integrates USDT on TRON for Seamless Public Transport Payments in Argentina
Uquid
Buenos Aires, Argentina - August 1, 2024 – UQUID, a pioneer in Web3 shopping platforms, has introduced a new feature allowing users to top up their SUBE cards using USDT on the TRON blockchain. This new functionality aims to streamline how Argentine commuters manage their public transportation expenses, leveraging cryptocurrency for everyday transactions. SUBE cards are pre-loadable wallets used for public transportation across Argentina. They allow users to pay fares for buses, subways, trains, trolleybuses, and ferries with ease. This system is widely implemented in Greater Buenos Aires, as well as over 60 other towns, including notable locations such as Bariloche, Ushuaia, and Mendoza. Tran Hung, CEO of UQUID, expressed his enthusiasm for the service, stating, " Integrating blockchain into daily life is key to our mission of simplifying transactions. We chose USDT on TRON for its stability, low fees, and speed, making it ideal for LATAM users. After our success with SSS payments in the Philippines, we're thrilled to bring this innovative solution for SUBE card top-ups to Argentina. Personally, I am excited to see how these advancements can enhance commuting and simplify financial transactions for our users ". Dave Uhryniak, Leader of Ecosystem Development at TRON DAO commented, "We are excited about UQUID's innovative integration of USDT on the TRON blockchain for topping up SUBE cards. This functionality demonstrates the practical utility of cryptocurrency in everyday life. By leveraging TRON's stability, low fees, and speed, UQUID is setting a new standard for how digital assets can enhance convenience for users in Latin America.” Transforming Public Transport Payments in Argentina The SUBE card is essential for Argentina's public transportation system. Traditionally, topping up these cards involved visiting physical locations like subway stations and kiosks, or using online banking platforms, often resulting in long waits and time-consuming processes. Utilizing the TRON blockchain for SUBE card top-ups ensures rapid transaction times, allowing users to add credit almost instantly and eliminating the need for long queues. This convenience will enable commuters to top up their cards anytime and anywhere, particularly benefiting those with busy schedules or who travel during non-standard hours. Transactions on the TRON network are known for their low fees, making it a cost-effective option for users. This enables commuters to maximize their travel budgets without incurring high transaction costs. USDT (Tether), a stablecoin pegged to the US dollar, provides a stable and reliable transaction value. In a high-inflation economy, this stability is crucial for maintaining the purchasing power of commuters’ funds. The integration of USDT on TRON for SUBE card top-ups democratizes access to transportation by providing an inclusive financial tool accessible to anyone with cryptocurrency, regardless of traditional banking limitations. The adoption of USDT on TRON has been growing rapidly across Latin America, including Argentina. According to UQUID, nearly 48.78% of their users in Latin America utilize USDT on the TRON network for their purchases, highlighting the growing preference for TRON-based transactions in the region. This trend is driven by the need for stable and efficient financial solutions in regions experiencing economic instability. The low transaction fees, fast processing times, and stability of USDT on TRON make it an ideal choice for everyday transactions and savings. This new feature represents a significant advancement in the use of blockchain technology for everyday financial transactions, offering a modern and efficient solution for Argentine commuters. It highlights the potential of cryptocurrency to provide practical, real-world benefits, reinforcing the growing trend of digital finance adoption in Latin America and beyond. About Uquid Launched in 2016, Uquid is a pioneer in applying DeFi and Web 3.0 to e-commerce, aiming to deliver the ultimate Shop to Earn experience. With verified merchants, exclusive deals, cashback, and Payin3 with crypto, Uquid leads the way in the Web 3.0 shopping infrastructure. Over the years, Uquid has grown to serve 220 million users across significant platforms such as Binance, Crypto.com, and Gate.io. With a remarkable monthly visitor count exceeding 50 million, Uquid is not just a platform but a pivotal player in shaping the new generation of e-commerce. Boasting the largest selection of over 160 million physical, digital, and NFT products and offering comprehensive shipping services to over 200 countries and territories, Uquid caters to a diverse global customer base. Users shopping at Uquid benefit from flexible and convenient payment methods, including cryptocurrency, fiat, or wallets. In 2021, Uquid introduced the first Buy Now Pay Later with crypto option—Payin3—demonstrating its ambition to dominate the crypto marketplace. Uquid Payin3 allows customers to protect the future value of their crypto by delaying payment in three installments over 90 days, interest-free. Offering an extensive array of products and the best Shop to Earn experience, Uquid continues to redefine the standards of convenience and accessibility in the digital shopping landscape. For more information about Uquid, please visit: Uquid Official Maeve Vu pr@uquid.com About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2024, it has over 244 million total user accounts on the blockchain, more than 8 billion total transactions, and over $20 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Maeve Vu pr@uquid.com
August 01, 2024 11:23 AM Eastern Daylight Time
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News ReleaseAbaxx and MineHub Forge Strategic Partnership to Revolutionize Commodities Markets
MarketJar
On behalf of MineHub Technologies Inc. As the energy transition accelerates, the mining industry faces labor strikes, transport constraints, and natural disasters, impacting copper availability and costs. Despite easing bottlenecks, geopolitical risks and climate issues still affect shipping. Governments and businesses focus on secure mineral sourcing and strategic endeavors to stabilize supply chains. MineHub Technologies Inc. (TSXV:MHUB) (OTCQB:MHUBD) is improving the efficiency, resilience, and sustainability of the metals and mining industry through its digital supply chain platform. The platform offers enterprise-grade digital solutions that connect buyers, sellers, laboratories, and financiers within physical commodities supply chains through a digitally integrated workflow. This workflow is powered by data that is usable, shareable, verifiable, and unforgeable. MineHub solutions give users complete control over their supply chains, allowing them to optimize resource use, respond quickly to disruptions, and deliver superior customer service. Major global enterprises already utilize MineHub solutions for logistics, compliance, trade management, and financing operations. Abaxx Is Acquiring an 11% Ownership Interest in MineHub MineHub Technologies Inc. (TSXV:MHUB) (OTCQB:MHUBD) recently announced a share exchange agreement with Abaxx Technologies Inc, where Abaxx will acquire an approximate 10.9% ownership interest in MineHub. This partnership aims to drive digitization more broadly within the physical commodities markets. Abaxx, the indirect majority-owner of Abaxx Exchange and Abaxx Clearing, has developed and deployed technologies that unlock latent value in global markets, making communication, trade, and transactions easier and more secure. The companies share a mission to improve data transparency and empower market participants with better tools to navigate the evolving commodities landscape, which faces challenges such as climate change, the energy transition, and increasing regulatory pressure. Comprehensive digital tools are essential to adapt to this changing environment. Abaxx and MineHub are partnering to explore a wide range of commercial and product collaboration opportunities, leveraging their collective expertise and capabilities to enhance value for customers and shareholders. The collaboration aims to integrate Abaxx and MineHub digital tools to broaden the value available to customers and increase commercial traction. It will also facilitate entry into new commodities markets beyond MineHub 's historical focus on copper and aluminum. Additionally, the partnership will utilize Abaxx's ID++ identity protocol to enrich MineHub 's secure and user-friendly communication tools. This collaboration will strengthen the physical commodities market's ability to meet evolving sustainability requirements, such as reporting, carbon offsetting, and traceability. Furthermore, it will enable more efficient and secure hedging by bridging physical and financial commodities data while maintaining data privacy. Lastly, the partnership will promote compliance within the dynamic global regulatory landscape. Andrea Aranguren, President, CEO, and Director of MineHub, highlighted the numerous collaboration opportunities with Abaxx, emphasizing how the partnership will leverage their combined strengths to capitalize on market momentum and expedite tool adoption, ultimately maximizing customer value. Under the Share Exchange Agreement, MineHub will receive Abaxx common shares in exchange for issuing its own shares, representing a certain percentage of MineHub. Abaxx will also receive MineHub share purchase warrants, exercisable for three months from the Closing Date. If exercised, these warrants will increase Abaxx’s ownership to 19.9% MineHub Reports Record Revenue for Fiscal Q1-2025 MineHub achieved record revenue of $776,000 in Fiscal Q1-2025, marking a 127% increase compared to Fiscal Q1-2024. This revenue included $300,000 from the completion of a successful development project. MineHub is experiencing accelerating customer activity with several industry leaders, including Codelco, Sumitomo, Surecomp, and Southwire. By the end of Fiscal Q1-2025, the company had expanded its ecosystem to include over 165 companies connected to MineHub ’s network. Click here to learn more about MineHub Technologies Inc. (TSXV:MHUB) (OTCQB:MHUBD). Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Minehub Technologies Inc. Market Jar Media Inc. has or expects to receive from Minehub Technologies Inc.’s Digital Marketing Agency of Record (Native Ads Inc) one thousand seven hundred USD for this article. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Minehub Technologies Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Minehub Technologies Inc.’s industry; (b) market opportunity; (c) Minehub Technologies Inc.’s business plans and strategies; (d) services that Minehub Technologies Inc. intends to offer; (e) Minehub Technologies Inc.s milestone projections and targets; (f) Minehub Technologies Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Minehub Technologies Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Minehub Technologies Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Minehub Technologies Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Minehub Technologies Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Minehub Technologies Inc.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Minehub Technologies Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Minehub Technologies Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Minehub Technologies Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Minehub Technologies Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Minehub Technologies Inc.’s business operations (e) Minehub Technologies Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Minehub Technologies Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Minehub Technologies Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Minehub Technologies Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Minehub Technologies Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Minehub Technologies Inc. or such entities and are not necessarily indicative of future performance of Minehub Technologies Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com
August 01, 2024 08:30 AM Eastern Daylight Time
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News ReleaseSUN.io Launches SUN DAO to Enhance Decentralized Governance and Drive Ecosystem Innovation
SUN
Singapore,July 30, 2024, 12:00 PM - SUN.io, a leading DeFi platform built on the TRON blockchain, is thrilled to announce the launch of SUN DAO. This strategic initiative aims to enhance SUN.io's decentralized governance and community autonomy. By expanding the real-world use cases of the SUN token, SUN DAO will support the development and long-term governance of the SUN.io protocol. At its core, SUN DAO relies on its protocol functions and the SUN token for security. These functions, which include community engagement, incentive measures, self-regulation, and policy management, are governed through on-chain proposals. The SUN token will be integral to this governance process, integrating and digitizing various forms of capital, such as monetary and human resources, and encouraging active participation from community members in governance and proposals. With the introduction of SUN DAO, SUN.io will transition to a fully decentralized governance model, empowering community members to participate actively in the platform's voting and decision-making processes. Industry experts believe that SUN DAO will redefine decentralized governance, setting new benchmarks in the DeFi ecosystem for transparency, fairness, and innovation. Explore New Horizons in Decentralized Governance with SUN DAO SUN DAO leverages innovative incentive mechanisms and a tiered governance structure to establish a future-proof governance model, ensuring the long-term success of the SUN.io protocol. This approach is designed to drive continuous growth and improvement, maintaining the platform's relevance and effectiveness for decades to come. Under the current system, SUN holders can collectively manage the protocol and vote on proposals by converting their tokens into veSUN. Community members with a specified amount of veSUN holdings can submit proposals. For a proposal to be executed, it must receive a minimum number of yes votes and have more yes votes than no votes. This mechanism ensures efficient governance without third-party intervention, allowing the protocol to operate, manage, and develop autonomously according to predefined rules, thereby maximizing efficiency. The SUN token plays a crucial role in this process, digitizing and tokenizing all organizational elements, integrating both monetary and human capital, and significantly enhancing overall efficiency. According to the SUN.io team, the SUN token economy is designed to foster the healthy development and growth of the SUN.io ecosystem in the long term, ultimately benefiting all stakeholders under a robust protocol. SUN.io has introduced economic incentives based on the trust established by SUN DAO, including mutual trust among SUN token holders, the market, liquidity providers, and integrators. These liquidity-based governance approaches aim to sustain active participation in the voting process and expand the pools as the ecosystem grows and attracts more participants. Fostering Innovation on SUN.io to Unlock Diverse veSUN Use Cases The official launch of SUN DAO will significantly expand the use cases of its vote escrow mechanism, veSUN, encouraging greater participation from community users and driving further innovation and development across the SUN.io ecosystem. Users can lock up SUN tokens to receive veSUN, the voting certificate that grants them a voice in platform governance. Those holding a certain amount of veSUN can submit governance proposals to support new markets, add functionalities to the protocol, and more. Other veSUN holders can vote on the proposals while enjoying benefits such as liquidity mining boosts, votes to determine the weights of liquidity pools and 50% of transaction fees in stablecoin pools. Industry experts believe that adopting autonomous governance will revitalize the SUN.io ecosystem. By decentralizing community governance, users gain greater flexibility in resource allocation and can contribute valuable insights for development and improvement. This approach unites community efforts to drive product iteration and fosters a stronger sense of belonging and responsibility among members. By introducing a decentralized, multi-tiered governance framework powered by an incentivized system, SUN DAO motivates community members to propose innovative ideas and solutions, ensuring active participation in the voting process. By attracting new users and investments, SUN DAO fosters growth and innovation within the platform and the broader DeFi sector. As a crucial component of the TRON ecosystem, SUN.io's implementation of the DAO model is set to attract a broader community of users and developers, supporting TRON in maintaining a healthy, self-reinforcing DeFi ecosystem. SUN.io, the pioneering integrated platform on the TRON network, offers a comprehensive suite of decentralized financial services, including stablecoin swaps, liquidity mining, and the conversion of Dominica's authorized digital currency while enabling self-governance. As of July 2024, SUN.io amassed a total value locked (TVL) of $431 million. The establishment of SUN DAO will further solidify its leading role in the DeFi ecosystem by extending premium decentralized financial services globally, fostering sustained innovation and growth in the industry. About SUN DAO SUN DAO is a platform aimed at achieving genuine community autonomy and open collaboration through blockchain technology and smart contracts. As a decentralized autonomous organization (DAO), we provide a fair, transparent, and efficient decision-making framework for community members, enabling everyone to equally participate in project development and governance. About SUN.io SUN.io is the first decentralized autonomous platform on the TRON network that integrates stablecoin and comprehensive token exchange while supporting liquidity mining. It aims to provide optimal trading liquidity and asset returns for the TRON ecosystem. Users can stake SUN to obtain veSUN, allowing them to enjoy multiple platform benefits. Media Contact Karina.Wang marketing@sun.io Contact Details Karina.Wang marketing@sun.io
July 31, 2024 10:29 PM Eastern Daylight Time
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News ReleaseBenchmark International Successfully Facilitated the Transaction Between International Contract Assembly Group, L.L.C. and AAT USA LLC
Benchmark International
International Contract Assembly Group L.L.C. is a contract manufacturer of metal parts and electronic assemblies based in Nogales, Arizona. The company also offers warehousing and distribution of goods in the business-to-business space and direct to consumers, where all material imports and product exports are provided in-house. ICAG also specializes in providing integrated business solutions, including consulting, digital transformation, and operational optimization to enhance organizational efficiency and growth. Y our Path to a Successful Sale Begins Here. AAT USA LLC, located in Columbus, Ohio, prides itself on utilizing in-house industrial designers and mechanical, electronic, and software engineers to simplify product specifications and provide the most cost-effective solution for its clients. The company specialize in infrastructure, management, quality assurance, design and specification. They continue to offer a 360-degree personal relationship from the initial pre-purchase inquiry to complete ownership. “The Benchmark team wishes both parties a prosperous future. We are excited to watch both parties leverage their strengths within each other and run the next leg of the race.” – Jeffrey Garza, Deal Associate SCHEDULE A CALL Americas: Sam Smoot at +1 (813) 898 2350/ Smoot@BenchmarkIntl.com Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/
July 31, 2024 09:20 AM Eastern Daylight Time
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News ReleaseFrom Demand to Delivery: ToolsGroup Transforms SLF Greece's Supply Chain
ToolsGroup
ToolsGroup and its Greek partner, THellas, announced that SLF Greece -a distributor of KIKO MILANO products in Greece, Cyprus, Bulgaria, and Romania- has implemented ToolsGroup SO99+ software. This move automates their omnichannel supply chain planning and shifts them from a supply-driven to a demand-driven model. SLF uses ToolsGroup SO99+ to plan daily forecasting, inventory optimization, and replenishment for approximately 2500 active items across more than 30 retail stores and two distribution centers in its Greece and Cyprus network, with plans to expand to Bulgaria and Romania. Two central planners manage demand across SLF's sales channels, including physical stores and online sales, generating optimal inventory and purchasing proposals from suppliers and inter-location stock transfers. “ToolsGroup's global leadership and local presence in Greece made SO99+ the clear choice for our advanced supply chain needs” stated Tilemachos Stylianos, Chief Development Officer of Fais Group. “Combined, these two factors gave us confidence for a successful project, right from our first introductory meetings. Having now gone live with the solution, we are very pleased with our choice, and we look forward to bringing significant contributions to the performance of our supply chain with this project.” Through this transformation project with THellas, SLF has achieved a highly automated, demand-driven planning process, increased visibility, and optimized inventory levels throughout its network. THellas customized SO99+ to provide systems integration and tailored capabilities, including assortment plans and minimum presentation quantities at the location-couvet level. The implementation supports the creation of ideal inventory targets compared to current operational levels and business parameters, using SO99+ modeling to demonstrate financial optimization opportunities. “The system has revolutionized our operations, automating daily store replenishment plans for Greece and Cyprus, while generating purchase recommendations for our team. Strategically, it helps us identify optimal inventory targets, balancing our current practices with supply chain limitations. SO99+'s success has motivated us to expand SO99+ to our other operating countries” noted Goldie Panovlepi, General Manager at SLF, highlighting the solution's benefits. “Our collaboration with THellas during the SO99+ implementation was exceptional. They provided invaluable insights on optimizing the system's setup and seamlessly integrating it with our ERP. SO99+ has proven to be a powerful yet user-friendly tool, offering high automation alongside transparent decision-making processes.” Stathis Nikolakopoulos, Managing Director at THellas added on their successful go-live: “We're honored to collaborate with SLF's commercial and IT teams on this project. Fais Group's trust in THellas and ToolsGroup solutions for their planning process transformation underscores our position in Greece's retail sector. Modeling complex business environments and optimizing millions of daily planning decisions is challenging, requiring expertise and advanced tools. We're proud of our success and excited to deepen our partnership with Fais Group, driving even better results for their customers.” Mauro Adorno, VP Global Alliances and Indirect Sales at ToolsGroup adds: “The successful implementation of ToolsGroup technology at SLF Greece exemplifies our commitment to transforming supply chain planning. This project demonstrates how ToolsGroup's solutions, combined with local expertise provided by our partner THellas, can deliver significant value to retailers facing complex supply chain challenges.” About Fais Group and SLF Fais Group of Companies has been operating in the retail/wholesale sector of apparel, footwear, accessories, for more than 40 years, dominating the Greek market & expanding its activities in Bulgaria, Romania & Cyprus. SLF company is part of Fais Group and is the master franchisee of leading Italian beauty brand KIKO MILANO’s products in Greece, Cyprus, Romania and Bulgaria. SLF runs a rapidly expanding network of 30+ locations and it currently trades more than 2500 SKUs through physical stores (owned and Shop In Shop) together with an on-line shop. For more information visit https://faisgroup.com About THellas THellas has been the official partner of ToolsGroup in Greece and Cyprus, since its foundation in 2017. THellas delivers simple Supply Chain Planning solutions for probabilistic forecasting & demand planning, promotion & price optimisation, inventory optimisation, network optimisation and production planning & scheduling, using sophisticated software from ToolsGroup and partners. The THellas tream has more than 20 years experience in advanced supply chain planning, both in consulting and in operations. We focus on delivering financial value faster, with less effort, for every type of organisation that plans their supply chain in uncertain times. For more information visit: www.thellas.com About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels and inventory – delighting customers and achieving financial and sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com
July 31, 2024 08:00 AM Eastern Daylight Time
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News ReleaseStakeKit Launches TRON Stake 2.0 on Ledger Live
StakeKit
New York City, New York - July 30, 2024 - StakeKit, having just emerged from stealth after 18 months of development, has partnered with Ledger Live to power its TRON staking integration. This integration provides users with the simplest of access points to manage their TRON staking allocations natively within Ledger Live. Ledger Live users can stake on-chain via TRON in three simple taps and unstake their assets through the same simplified flow. The StakeKit integration fully supports TRON Stake 2.0, TRON’s latest validation staking model, launched on the mainnet in April 2023. This model enables users to receive additional benefits from validation staking, as well as the ability to unstake partial amounts, and unstake their tokens at any time, providing unprecedented flexibility and control. Given that users can no longer stake via the TRON Stake 1.0 model, it is recommended that they unstake their TRON Stake 1.0 tokens and re-delegate their stakes to the TRON 2.0 model. This transition can be easily completed directly within Ledger Live. Serafin Lion Engel, CEO of StakeKit, commented, “We’re very excited to finally bring TRON Stake 2.0 into Ledger Live and enable users to delegate their TRON in the easiest and most secure way possible. We know that this was a hotly anticipated feature for members of the TRON ecosystem, and we are very proud to have worked with the Ledger team on delivering this integration to TRON users and community members”. “We recognize that a significant portion of the TRON community still utilizes TRON Stake 1.0. As such we have also built support for Tron users to un-delegate from TRON 1.0, and quickly leverage the benefits of TRON Stake 2.0 ” added Engel. TRON Stake 2.0 is available in Ledger Live as of the release of this article. For more information about Ledger Live and to download the Ledger Live application, visit their website. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2024, it has over 244 million total user accounts on the blockchain, more than 8 billion total transactions, and over $20 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network About StakeKit StakeKit is the leading provider of self-custodial staking solutions in the Web3 space. By combining the most powerful self-custodial yield API with a user-focused interface, StakeKit enables seamless, secure, and efficient yield generation across over 50 blockchain networks. Learn more at stakek.it. Media Contact Alexa Anastasia alexa@stakek.it Contact Details Alexa Anastasia alexa@stakek.it
July 30, 2024 01:08 PM Eastern Daylight Time
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News ReleaseBenchmark International Unveils the 2024 Global Technology, Media & Telecom Industry Report
Benchmark International
Benchmark International, the leading middle market mergers and acquisitions firm, announces the release of its 2024 Global Technology, Media & Telecom Industry Report. This comprehensive report provides an in-depth analysis of the current landscape and future outlook for the technology, media, and telecom sectors, offering valuable insights for industry stakeholders. The report covers critical areas, including: Market Dynamics: A deep dive into the evolving trends within the technology, media, and telecom industries, including the impact of digital transformation and emerging technologies. Financial Performance: Examination of key financial metrics, investment patterns, and revenue growth across the TMT sectors. Innovation & Disruption: Analysis of the latest technological innovations driving change and disruption, from artificial intelligence and 5G to streaming services and digital advertising. Consumer Behavior: Insights into shifting consumer preferences and their implications for businesses within these industries. M&A Trends: A detailed exploration of mergers and acquisitions activity, highlighting key deals, strategic motivations, and future trends in the TMT space. Benchmark International's Technology, Media, and Telecom report is an indispensable tool for business leaders, investors, and industry analysts seeking to understand the forces shaping the future of these dynamic sectors. For more information and to access the full 2024 Global Technology, Media & Telecom Industry Report, please visit: https://www.benchmarkintl.com/insights/featured-content/2024-global-Technology-Media-Telecom-industry-report/ ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/
July 30, 2024 11:14 AM Eastern Daylight Time
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News ReleaseNextech3D.ai Reports Q2 2024 Performance with Significant Revenue Growth and Improved Profit Margins
Nextech3D.AI
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive revealing the company's preliminary unaudited financial and operational results for the second quarter of 2024, which ended on June 30, 2024. The results showcased a notable revenue increase to $1.2 million, up from $1 million in the first quarter of 2024. Gappelberg highlighted the company's impressive operational leverage, with a substantial gross profit margin of 70% in Q2, a significant rise from 50% in Q1 and 30% for the entire year of 2023. He attributed this growth to the company's strategic shift towards the Indian market in the fourth quarter of 2023 and advancements in its AI technology. These initiatives are expected to further enhance the company's gross margin, potentially reaching 80% in 2024. Additionally, Gappelberg announced that Nextech3D.ai recently achieved certification as a 3D modeling partner for Amazon, the world's largest e-commerce platform. This partnership opens new avenues for growth, as Amazon's data suggests that listings featuring 3D models experience a twofold increase in purchase conversions on average. Nextech3D.ai is poised to capitalize on this opportunity, anticipating substantial new business prospects. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com
July 30, 2024 10:47 AM Eastern Daylight Time
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